telling. so we'll see. >> do a lot for the economy. j better for the interview he want odd to take corporate from 21% to 20%. great to see you. maria bartiromo every day. >> have a great day that will do it for us us "varney & company" take it is away. charles in for him take it away. >> stuart on vacation this week a lot of big stories we're following for you. first futures are down and concerns over trade. canada now imposing a 12.6 billion tariff on american made goods we're talking everything from aluminum to ketchup and president trump says that the threat of autotariffs are biggest weapon in this trade war, and calls to abolish i.c.e. are growing big name democrats time for the agency to go. you're going to hear president trump's response and mexico holding presidential elections over the weekend far left candidate andres socialism in on our southern border.

breaking overnight lebron james taking talents to los angeles this time. he signed a four-year with contract worth a whopping 104 million a lot to discuss and "varney & company" starts right now. ♪ >> you get rid of i.c.e. you're going to have a country that you're afraid to walk out of your house. i love that issue they're going to actually do that they're seriously talking about that because -- you're going to have a country that's crime ridden, border patrol, agents i.c.e. these people are incredible. >> well that was president trump talking about calls to abolish i.c.e. in the calms to come from in democrats by the way getting louder all rise judge napolitano is here. abolishing i.c.e. is that realistic? >> i don't like idea of i.c.e. knocking on door saying where

are your papers you've been here but snuck in as child and maybe some of their tacticses are disruptive of family unit and even human freedom. but a lot of people do get in illegally and stay here a lot of people come legally and overstay their si is as here and that's what i.c.e.'s purpose is. >> it has a legitimate purpose. >> i think it is and political did i i know you want me to talk about the legal side but politically i think democrats are crazy to run on this. this will appeal to the bernie sanders folks. but this will not appeal to the centrist they need if they think they're going to take back the house. torchght your point to the poll by mark and bill clinton poll, a question of people make it across our border illegally should they be allowed to stay or be sent home in 64% of americans said sent home. 47% democrats agree with that so, you know, 66% of independents, you know, it's the idea of sovereignty the idea of controlling courts and in the enforcing law.

unfortunately, the whole thing with this separation of the children, has grabbed so much of the attention we're talking million and millions and millions of people we've to figure out what to do with -- >> how can the government hold hear physician for all of those people and under the law as part of the president's frustration. every human being in the united states of the government wants to deport no matter how they got here is entitled to a trial. not a jury trial. it's not a life judge to be administerrive hear but entitled to a fair trial. and which the government must prove why they have to be deported. right now, the back log for those trials is in the six figures talking about 100,000 trials that have to to occur in order to reduce this back log. so bottom line ultimately i.c.e. won't be abolish -- their zero tolerance policy, that's up to the -- up to the president. that's what i think has caused -- this fever pitch.

but are they enforcing the law as low as written? yes. they won't be abolish them it is, congress could abolish it but that would transfer its responsibility to some other already overburrowed government agency. >> thank you very much. stay there please i want to get more in a moment but first stock futures equities have been under pressure all among long again key here trade concern david mcen torn so the markets are, obviously, concerned about the trade war. we saw -- saw more signs of it over last week on friday. michigan sentiment number 24 lbgt are the respondent mentioned it. we saw with manufacturing data from the chicago pmi. we saw corporate earnings brands which makes a lot of mexican bearers mention it in their filing as with well. how concerned are you and where do you think it goes from here? >> well charles as we see this spread of more and more tariffs and retaliation from canada and china, i think the concerns only

going to get great or and will continue to limit the growth potential that we have right now. from the tax structure and deregulation -- it could really affect the markets. it can affect the whole economy. >> now we're talking near term but long-term if president trump is successful, in opening up markets not to so-called free trade, but the free and fair trade if we can get other nations to lower to tariffs to get them to allow our companies to do business without having the bribe and local official. if we can get rid of the burdens of taxes would it be worth it? >> i think that zero, zero goal the president announced a great one and that it is worth negotiating and being really tough on, and unfortunately his worst are being brought out by the guy who really wants high tariffs, he wants a 19th century economy, of protectionism, and that will hurt americans. >> so when you say nutty --

i say listen i've had my show many times sigh spoken with him, this is a guy who has written at least a half a dozen book bs about china and threat to our economy. you -- he is saying you look at the data for instance they entered the world trade organization in 1995. we have lost so many jobs since then, and it hass been so unfair they ripped us off from ip what's nutty about wants to protect? >> what we want to do is protect open markets for every job that's been lost new ones have been created. as we have well -- brought industries here. >> come on you know there's better than anyone else you might have run this. you know folks in the midwest could disagree with you on that. >> but you look at i represented the midwest right now on the the street is plant from asia a plant from europe that has here creating jobs in america that's free trade brings you see it in steel tariffs and people getting hurt aren't foreign country bus people getting hrt are americans who use that steel to then create other products.

everything from baseball bat to car parts. >> of course there are people saying you know the reason why our steel industry gutted in the first place is because we never pushed back. let me ask you about the world trade organization in the idea that somehow pesktive agency to take care of these things. you know a lot of people up in articles oh, president trump wants to get out of wto let me ask you there was a measure america took -- a point against china, against protection and enforcement and intellectual property right this was in april 2007 we took the same action in march of 2018. same thing with canada. we went to the world trade organization in october, 1987 to complain about very tariffs in canada there's still 270%. how can anyone say that world trade organization worth -- i know we went 90% of the -- weartdz. awards but what do we really win? >> we win affiliate reduced tariffs around the country we've

got 30 some countries that were pushing to reduce their tariffs. the president wants wto, in fact, to get to his 00 goal of tariffs. they're ones that would enforce that. now, charles the other thing is, we don't like to give them the final say neither do other countries so in the end, with all of the wto is like arbitration that isn't binding help reduce the tariffs. sometimes we win, sometimes we lose. and we just have to keep pushing on ones we lose. >> i think it's not the answer if it is not binding because listen china receive identifies as emerging growth nation. they say they have the same economic constraints as togo a country that does 4 billion a year and they do 12 trillion give me a break david it is tough. listen, i understand i appreciate you coming in we have to wrap it up and have you backn real soon. i want to gate to judge on this president trump says he plans to announce his nominee to replace supreme court justice anthony kennedy next monday.

as a matter of fact let's take a look at what he told maria bartiromo on this interview. roll tape. >> as president, i mean, obviously, outside of war and peace, the biggest decision you can make is the selection of a supreme court justice and putting conservative people on. and i'm very proud of neil gorsuch. >> okay so president trump guns with this list that's already been vetted to 25 names but there's a lot of speculation in the feel like it is down to about five names. >> so when the president says to maria i'm not so sure to ask about roe versus wade they're telling me not -- he doesn't need to. because everyone on that list of 25 and 24 judges and one sitting u.s.es senator, mike lee of utah. everyone on that, by the way, the senator lee brother season the list as well with the justice in the utah supreme court. every single person on that list is pro-life. so do you say to the candidate or the nominee, the potential

nominee will you vote to overturn roe versus wade no because no judge would give you that commitment you might say was it rightfully decided is it a federal issue? you know, the democrats great fear is that whoever this nominee is will vote to overturn roe versus wade i don't know that's so and i don't know if that will be overturned because i don't think the chief justice even though he's a practicing catholic and self-professed pro-life -- attitude would want to undermine the supreme court's legacy which in his view season undermined if -- law changes because of an election. i mean qowld it change back after the next election if whoever -- >> that's the quote -- trump has a durchght view on that. how often does this happen because didn't we with see this happen last week with the union ruling wasn't there older supreme court ruling -- in unions? >> yes, there was that established this. justice a stinging, stinging decent saying you can't change

the law like this because 40 years ago, the supreme court went the other way and 40 years of reliance on that old rule has now been changed news i happen to personally agree with change they made but i understand the pushback, the resistance to making 180 degree change and ronald reagan thought sandra day o'connor would be pro-life and anthony kennedy would be pro-life. he wasn't. jorntle george h.w. bush so you can't predict the way justices will go so something happen when is you put that black robe on and you have it for life fop you don't care what people think of you anymore you do wear your brain and law and the constitution, and the fact -- >> rely on as americans. yes. called judicial independence. >> thank you very much appreciate it. all right folkses let's check on futures here purpd pressure all morning long about with the dow off 165 points. all of the major indices looking a little bit lower.

also i want you it take a look at tesla one of the winners today. elon musk says that he has exceeded that 5,000 car week production target rolling out 7,000 model s off assembly line last week. stocks up 20 points as you can see. big sports now seattle, sea hawks face cam chancellor saying he's retiring from the game at age 30. chancellor saying he's too concerned about his health to keep playing he's one of the hard test hitters out there and president trump telling our very own maria bartiromo a second round of tax cuts are coming that has to be big news and great news to the ears to join us later in this hour. and a far left anti-trump candidate winning in mexico and elections is backed by a landslide so how is this going to impact trump immigration policy and efforts to renegotiate, next.

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presidency joining us now white former advisor of trump and 43 administration just how bad is this going to be for the trump administration? christian? >> i think it is not entirely certain that it will be horrible. after, you know, on the one hand you have this -- new president who won't be sworn in until much later in the year. who comes from a very left wing background who instincts are left wing on economics but oarngd he is an iconic does not come from the establishment in mexico willing to look at thing he is anew and he has ability to go in different directions also he's talk about negotiate with trade on immigration and other things. so on the one hand a leftist on the other hand mix things up to be a deal maker with trump. >> interesting president trump did tweet him a congratulatory just nine or ten hours ago and to your point consideringst what's happening south of all of us in venezuela, you've got to wonder this guy anyone, any

socialist right now who has a chance to run a government has to be extraordinary careful particularly talking about oil industry there trying to privatize and trade because if he blows this, you know i think this is last chance for this sort of ideology on at least the hemisphere for a long time. >> it is -- and south america has you point out finally is turning away from leftism and leftist government failing and about to fail in venezuela and nicaragua and, of course, we have the left wing government up in canada too and might not last forever either. but yes, you know potential here mexico has got to attract private capital especially to its energy industry if it wants money and jobs so hopefully he realizes that. >> i want to talk to you about john bolton defended president trump's decision to hold a summit with russian president vladimir putin and later on this month let's take a listen first

and then get your opinion. >> he wants to understand the russian position and perhaps more importantly he wants vladimir putin to understand our position. >> all right christian what are your thoughts? >> i think that's a good idea for first summit not to raise the bar too high. this is a relationship building sort of exercise so as bolton said putin opportunity have to be in crisis situation but a little bit more laid back but john focused in on the one key area one of two key areas where we can agree with russia are and we're not going to agree on crimea but idea of pushing iran out of syria of not focusing on displacing assad which had really isn't in our interest, finding some common ground with russia and syria and agreeing that wpt to push her in out of there and bolden alluded that might be on the agenda. i hope another thing that is on agenda which is oil exports and exports from russia. >> what about asking about russia role in our elections and

what their intentions may be for this year's midterms because i think -- that's what a lot of folks in america are going to be focused on. >> i thinking, you know, boldin said that will come up i think trump will raise that but a bit of checking boxes because russians will lie about it and continue to try to influence our elections just as chinese did and just as allies do including the canadians. the question, though, is whether it is significant interference and the amount of money russia spent trying to influence our election isn't muff to influence a dog catch election in cleveland much less the presidential race. dges it has been a lot of money that's for sure if you can get those result for that investment i'm calling facebook later on today. [laughter] all right christian thanks a lot. appreciate it. >> thanks. let's take another look at the futures and about ten minutes away from the open, obviously, we're going to open down on a lot of pressure -- a lot of anxiety in this -- holiday interrupted week to begin with. bit sports news of the day lebron james signing $154 million contract in play for lakers up next lavar ball just

joking talk to magic johnson after -- magic johnson and his role in getting this all done. more varney right after this. man: i got scar tissue there. same thing with any dent or dings on this truck. they all got a story about what happened to 'em. man 2: it was raining,

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angeles lakers, ashley. apparently magic played a big role. >> l.a. times report aring ma magic went to visit with lebron and kind of played up the whole midwest tie because, you know, magic from lansing, gn and midwest magic working, and he did the job and was interesting was the free agency window that opened less than 24 hour when is lebron made this move. 154 million over four year, a second time he's left cleveland and wondering if he's burning jersey there but he switches conferences and can he stop the golden state warriors. two homes in l.a. people should know he's big into production, and white which is in production of gabriel union, makes perfect sense. game show call world of nbc working on second phase of his life. star nfl player, the seattle sea hawks returning at age 30. >> he starts and chancellor afraid of paralysis suffered a severe neck injury last season.

he is a four-time probowler here's his quote stiffness in the neck and images that i saw had me the a lowest point as a man because football is all i knew outside of serving the lord to walk away from the game by choice is one thing to walk away from the game because of the risk of paralysis is another. he said that injury just did heal so the safety is -- sea hawks and -- >> so hard that super bowl when they have against him he was a player so hard. i really, he crushed them and crushed physically and you could feel it -- >> like jaw shaking. and toll on him as well. really tough. all right foxes we're going to ep huer own a holiday interrupted weekend, a lot of anxiety you can see it on the screen there near lows of the session market under fair amount of pressure in part to the canadian tariffs in part to mexico. we've got socialism on southern border and unanswered questions.

"varney & company" will be right back.

all right folks open bell ringing in half an hour heading into the second half the year interesting market the dow unchanged only major i understood in the red and s&p

higher, of course, surprise, has been the russell 2,000. a more domestically oriented stock index that reflects our economy, more so than the globalist impact that have hurt the do dow so far and here you n hear the the opening bell ringing you see our dow 30 board to start popular populate johnson & johnson wal-mart slightly higher boeing you main proxy on the dow boeing and caterpillar for china u.s. trade war proxy. let's take a look at the s&p 500 again that is positive for the year, though, down here slightly this morning. off 16 point to check nasdaq -- let off, of course, by technology names for a long time although it has been more volatile than usual in the last two weeks and, of course, down a lot here this morning. down even more than the s&p 500. oil, however, near four-year high and just a little bit back

and made a huge move since opec promised to actually increase production. hey now let's take a look at facebook because it reportedly gave special access to use this information to some companies and that's not going to fair amount of high pressure by same token tesla report its own deadline with 5,000 cars in a week joining us now christina and trade the big concern i want it start with you. the trade war. what do you make of it? >> well i think we're on the razors edge when it comes to escalation that trump administration is putting forward. two weeks ago we were at 50 billion now we're up wards of 400 billion. i think there is no clear easy answer to this. but i think if the escalation continues, we are already in the trade war. it may not be the full manifestation of the trade war but enough to spoof the markets. >> market is being spoofed is

one thing christina other thing americans are saying they're finally glad someone is fighting back. and -- and you know, the markets particularly the dow represent the globalist and their concerns that everything the status quo is fine. a lot of folks out there saying let's fight this thing once and for all. >> right but nations across the globe that are joining forces and not backing down that's when it could hurt companies in the united states eventually americans because companies are not in state of flux and should hold off what will happen in the near future reuters reporting that mexico is looking at adding additional tariff and then you have just this friday china going ahead. so there's a lot of volatility and it is quite weak this week, right so there's volume down and that's boipg to swing markets. >> thing is charles there's no -- need for these countries to want to change status quo right they've had the advantage so because america and size of its economy and president trump wants to fight back and says

wait a minute, five too manies and you're charging us that's not fair i think he has a point. in certain industries. >> all in flux ashley. right it is still not -- not just yet. >> but also this is a tax on the consumer, the hidden tax. that is the main concern. the fact that consumers will be -- they will face the consequences if it continues. >> a lot of economists putting out notes saying this isn't going to have a major damper talking about prices. >> i agree with that especially when it comes to autothe industry and steel and aluminum impact the consumer a lot more than some economists are predicting. >> you know when you hear like for instance luxury car makers saying, you know, you got to be careful with the math because -- i don't think that the the lower income, you know, person out there will be hurt because bmw is charging more for their cars. a new car every year and a lot of cars are made here but it's my opinion that -- if tariffs are awful thing such

a bad idea, why do so many countries have significantly higher tariffs than america? and what should we do about it? and, you know, i believe, i believe the mainstream the establishment in the media are understilling how much people will back trump on this even though it could mean near term pain. >> address aring the problem this china that stealing -- americans intellectual property i think that really needs to be addressed i don't know it it will change. >> this is why, you know, when they keep coming out with trump getting out of the wto i don't think this is a bad idea. this is where i e put out to disputes so you have a nonbinding resolution to fight issues over and over again including intellectual property rights, the consultation for this, april 10th, 2007 the complaingt in the u.s. respond in china. fast forward, measures concerning protection of intellectual property rights to complaint in u.s., responded in china. march 23rd, 2018. 11 years later still trying to

litigate this to wto. this shows that it is ineffective. worse than what when china joined wto one of the things they did did was on the promise of opening its market tots rest the world 17 years later we're still waiting. >> if it goes tit for tat you know people talking winners and losers you have to wonder -- china stock market is getting hammered right -- shanghai -- if change is down the where xi is from this is where he was so -- that's why zte matters so much from him this is his home base and this is a miracle. shin zin is epicenter for main china 2025 and if it is going to happen it is going to happen down there 43% in the last three years they're in trouble and i think certain people we don't talk about that enough. when we articulate this it is how much the dow is down. >> and you're absolute right. they have, but is that a leading indicator of what is ahead for

us? i think there were clear, there's clear problems with the the chinese market overall. that we don't have in the u.s. but i think overall, they may not be as concerned about their market as we are. and they may not be as willing to compromise as we are. because they're willing to let their market decline. >> i think we have be careful when we say we because there are large portions of america who want to win this thing more than wall street wants to win -- >> do you think china will retaliate and deevaluate the currency do you think that's a threat? >> china wants reserve currency they have long-term goals and if they play funny games right now with their currency by the way it is not rearalluation china the last week when they did the 100 billion dollars -- it wasn't to lower currency. they have a debt for -- problem that's ballooning to have 350 % of debt to gdp this new program by china is a debt swap saying give money in return

for debt to try to alleviate it so we'll see what happens. trying to go around to ask the question what is the biggest, biggest problem right now? what's going to hurt their market and what's your greatest fear, tariffs, yield curve in other words near recession or federal reserve. jeff seeger? >> biggest threat in this market without question are tariffs and i think as i said before, the consumer is crucial to the future of this market. if the consumer is in any way effected meaning the benefit that the consumer got because of the tax cuts, we will see a decline in the market so clearly it is the tariffs. the fed normally would be. but this fed has been very cooperate iive with wall street this fed is keeping interest rates relatively low and seem to be doing so in near future. >> you think it is fed. >> if oil prices go up and inflation gets out of hand you know it is fed will raise rates more rapidly. >> i would say voting

disappointing i know that wasn't on the list but -- a great point. >> earning season, and earnings expectationings are extraordinarily high. although i don't know that they're built into this market anymore. we're cheaper now than we were in january at least from a pricing -- administration, a peak maybe starting to see that even going into the next quarter. >> no way to maven the first quarter. i think wall street knowing that much but question to -- to ask these point is how well can we do and what will be -- >> that could disappoint hopefully not. tesla by the way reported that it met itself imposed deadline on this model three, 4,000 cars week. christina you've been looking into this. this might deliver -- a game here -- >> he announced that five hours before the deadline there was a midnight the deadline. he let everybody know five hours before hand, he also put out a mote to all of the employees and because he writes letters he said that finally i think we just became a real car company. because they hit their goal. overall production up more than 53 cars up 55% year over year.

this means elon musk can go into a better bargaining position when he needs another capital raise because it is sell really out of control at tesla. >> but keep in mind, keep in mind that he really -- he there was a 24-hour 7 day a week bing for production. they have to build tents to fulfill production goals. he does this. he's continually done this got ton the deadline, do these binges because what he said was he was not going to go out to wall street. for more money, now he's going to go out to wall street and say, i think it's -- i think it's absurd that he's saying that we're a real car company. this is a 40, 50 billion company here. >> 4 or 5 billion last year. he's going to have to get more money if he wants to build that. that is battery build out his infrastructure. build out that and give him the money. why does wall street keep finding ways to give them money? >> he's a visionary.

a battery it is a battery play. >> he's a visionary but think of all of the other car companies. are you sure it is the stock? >> it is not the stock i don't do that but here's the bottom line with this and where i think it is going is elon musk he's the cult of personality and brought a lot of people into his vision and i think his vision is great. but the reality is, he's having a very hard time manufacturing cars and now he's doing a 24 hour seven day a week binge to manufacture cars it is not sustainable. mnchts teen time stock is one the bigger winners. thank you very much really appreciate it. quick check on the big board because we're off the low of the session here. i think jeff seeger talking this up. jeff, don't go anywhere. by the way, check this out on a infamous french crime awards this was stuff you see in the movie. used a helicopter to break out of prison and -- get this. it is not the first time that he busted out of jail in spectacular fashion. we have all of the details for you also, the the irs is losing

its new postcard tax return and president trump promised and he's happy about this. we're going to talk to him about it, right after this. they appear out of nowhere. my secret visitors. appearing next to me in plain sight. hallucinations and delusions. these are the unknown parts of living with parkinson's disease. what stories they tell. but for my ears only.

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at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. [inaudible conversations] all right folks look at the big board here pulling back yet again and we're not panicky but that we're open under a fair amount of pressure meanwhile google may be rolling out a smart watch this year. what's going on nicole? >> finally watch with this own watch not one they're collaborating with nevada or lg. but you can see the stock is to downside today but this is google's watch that has a name in the pixel watch and there will be three models reportedly according to gage et tipster there will be theling, sardine

and gps battery life et cetera all of the good things and heart rate tracker and this will go along with new google products including, pixel phone so bud and all of this from google and watch for the watch in october again these are rumored reports back to you. >> nicole thank you very much. hey it is something out of a really like -- summer blockbuster movie. a helicopter prison break in france. >> this is "jason bourne" meets who knows what else movie. three armed men hijacked a helicopter. took the pilot at gun point and then took made him fly to a prison south of paris where a notorious criminal was housed his name is 46 years old, he's well known and somewhat of a celebrity. they land the helicopter in one of the few areas you can in this prison. two of those armed men get out run to the prison where the guards by the way are unarmed i don't understand that. but the prisoner they were after

was in visiting room with his brother they get a grinding machine gets through the door pull him out out to the helicopter. fly away abandon helicopter in northern paris. and they get into a get away car. both the helicopter was burned and then the get away car found later burned in this side of the road. he's notorious second time he's escape inside five year. he managed to get away first time when explosives were smuggled into the prez and blew walls -- inspired by a movie scar face. wow. all right. incredibly -- >> a helicopter on top. a helicopter used a lot apparently with helicopter nets over prisons -- in france. but a landing pad thanks a lot. president trump saying that won't be a second land of tax cuts in the fall. roll tape. >> we're ding a phase two probably in october maybe a little sooner than that, and it will be more of a middle class we did a lot for the middle class but more aimed one of the thing we're thinking about is

bring 21% down to 20 and rest would go right to the middle class. >> joining us nor quest with americans from tax reform the president says this is about the milings class. how should it be structured in your opinion? >> what they're looking to do is making permanent all of the individual income tax cuts that last for ten years done through reconciliation make those permanent perhaps increasing the per child tax credit something ivanka trump is working on. he does want to take the cooperate from 21 down to 20 we're promised 20 but it jiggled up at the last moment. and -- also the president always wants to go to 15 on cooperate been so good for the economy going to 21. there is a strong argument not in this tax bill. but to get to -- 15 eventually so go to 20 sells you we're continue on the road down to lower -- rate. we ought to do something. i know they're looking at doing

something for the five million millions overseas who are double taxed. they're taxed in france and taxed by the united states. we and the only two countries enough stupid enough to do that to citizen who is work abroad. >> what about the middle class part of this, though -- you know, could there was an argument to be made that you could have gone to 23% on the corporate side and served the industries in our area like retailers for instance they would have been happy about with that and given a boost to the middle class out there so do you have to connect to connect dots ho how corporate rates are benefits middle-class or a way of doing some things that directly impact the middle class? >> we're talking about doing additional things we're talking about taking the very significant cuts in rates. 90% of american taxpayers -- they have more take-home pay today than they did last year.

they're taking home more money. they have more -- more take-home pay because of the tax rates 90% those not higher income people hilt by the the amt. the alternative minimum tax so we're talking about -- on focusing on all of those individual rates and making sure they're permanent protecting those, and democrats said they run happy they were temporary. okay, but i have a shoutout. they have a chance to prove it right -- only because they have a time and i want to ask you about new tax return on a postcard. people are saying well it doesn't necessarily seem what is simpler and not a postcard but i guess on our way to where we want to be, right? >> well think of how we have simplified. 65% of americans used to use the standard form not itemize that's 93% now. an awful lot of people who don't have to that's a lot of simplification.

4.5 million used to do the complicated 4.5 million that's down to 200,000. so we're looking -- 6.6 million americans under obama were hit with the obamacare penalty because they wouldn't buy the obamacare insurance that he wanted them to buy. 6.6 million just punished because they didn't buy the insurance that -- tax is gone. for 6.6 million americans that simplification. >> that is. thank you as usual. thank you. >> thank you. all right folk let's get a check of the dow 30. you can see or more green there, led by apple goldman sachs again on the downside you have chevron, which had a big move with crude oil. cisco dupont also bringing up the rear. it is pretty interesting board we're down 156 points overall. and there was a big anti-trump protest over the week, and protesters and portland, attacking a right wing prayer group throwing fire crackers and

eggs at them and big question is what, whatever happened to civility? more varney right after this.

>> lots of immigration protest over the weekend and well some of them got ugly. joining us now zachary wood

assistant editor at atlantic and author of uncensored my life and uncomfortable conversations at the intersection of black and white america. all right when you were a student, william college you sort of fostered this constructive by law on campus through the, you know, uncomfortable learning thing. talk to us about your experiences in college campus setting, and how you see it as a reflection in our society because they marry each other don't they? >> work with uncomfortable earning evident so the fact that we face polarization and i would invite conservative speakers this would be considerable backlash from the student body so one was thingses that i had to think about is what could be done to foster do i log that our country needs right now. >> what was this solution? >> it was very difficult. right, i mean one thing was i fond that i was able to connect with people more effectively individually. also a lot of it had to do with how i framed event saying you

know free speech is not something that just benefits the speakerrer it can benefit you too because you can disagree. >> now, i saw a poll recently on the misconceptions people have of each other in thes think 44% think they make number was 2% and 40% of democrats are atiest number was 9%. how do we cut through all of that because it feels like ultimately we all want the same thing i would imagine and then we have this instability crisis at the same time. >> i think we have to start talking to each other again. i think if we lock at some of the better examples in history of this country ronald reagan and "tip" o'neill bill clinton and bill clinton and ruth and antonin scalia people who deeply disagreed with each other but traveled and friends and politics is a contact sport but that does not mean at the end of the day you can't convey interest in somebody else in store. >> because you're talking about key relationships -- that, you know, every ten or 15 years they sort of emerge.

what about two examples for us today? >> i think it is difficult. i think that our leaders have to do a better job. right now i don't see, you know, especially -- in politics right now, there are not many examples. you know, bill clinton and george bush are still on the scene but former presidents. but -- [inaudible conversations] right. doesn't resonate with people out there, you know, protesting it and that's protest is fine but physical part of it the violence part of that is getting unnerving. we want to talk to you zachary uncensored in the name of the name. maxine waters by the way turning on her own party blasting contract leadership for not supporting her and her call to harass white house employees and trump are supporters. wait until you hear what she has to say, next. ast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i.

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coast. 7:00 a.m. out west. i'm charles payne in for stuart varney. may be a holiday week but we got you covered on everything. here is what we have in particular hour. president trump versus the world. as mexico elect as new president and he is far, farthest are. could have big implications on our trade negotiations and border negotiations. we're all over that. speaking of immigration germany's chancellor angela merkel future in question. her coalition alliances they rejected her migration deal. the interior minister said he would be willing to resign over it. nigel farage will give us his take on that later in the hour. >> >> videogames in the olympics it could actually happen. the international olympic committee is talking about it. we could see it as soon as 2024. we talk about the gaming phenomenon later in the hour. we brought you history last week. two calfornians suing halo top eye cream, that they dramatically underfilled their pints. we'll talk to their lawyer.

you're watching the second hour of "varney & company." ♪ charles: breaking news on the economy. ism manufacturing data. ashley. ashley: great number, charles, coming in at 60.2. the expectation was 58.1. in may it finished up with 58 . this is for june. that is a very strong number. new orders, 63 1/2. which is very strong. economic activity continues to expand, demand for new orders expands. charles: manufacturing renaissance is most underreported story. 322,000 new jobs. every manufacturing number has come out -- liz: are you getting fired up? when you get fired up you take your glasses up. i will do it. charles: i am fired up. i love the manufacturing renaissance.

dow is down 115 points. facebook reportedly gave -- liz: liz: got you laughing. you can't even get to the script. apple one of only stocks in the green. join us with microsoft. tesla met self-imposed deadline for model 3. would roll out 5000 cars in a week. they did it. it was tough but got it done. nike one of the biggest drags on the dow after hitting a record high on friday. this stock has had a remarkable run. i told you to buy it. roger federer ended his deal with nike at start of wimbledon. he is a new ambassador to niklo, a japanese company trying to enter into the industry. shocks shaking on trade concerns. "barron's" we could be beginning of the end, their cover story, why the bull market could end in 2020. joining us "barron's" senior

editor jack hough. say it ain't so. one of the bull markets is over? >> one of the biggest drivers is lo interest rates for so long. that is starting to reverse. rates are rising. we got a big boost from the tax cuts. i think we get a little bit of an echo effect from companies putting extra money to work. you know, that the combination of that dying out next couple years, higher rates, it is time to anticipate the end of this long bull run. charles: we have to point out, interest rates at least in this country will be going up because the economy is doing great. there is nothing wrong with that unless the fed overreacts. >> no. this is not a doomsday scenario. economic expansions come to an end. bull markets come to an end. this has been a long one. ashley, there is good

opportunity, defensive names look better than usual. people are out of love with these stocks. they are worried about higher rates having bad effect on dividend-paying stocks. it is -- charles: they can't pass on cost, right? so their costs may be going up, they're like, we'll pay extra for a house and we'll pay extra for rv but we'll not pay extra for soup. >> you know, you were paying 20 to 22 times earnings for these shares back when everyone craved safety. now you can get them, 13, 14 times earnings. i think price is about the biggest predictor of future stock performance. good opportunity to buy. charles: a lot of takeover activity in consumer staples. to your point someone thinks they're cheap. we're seeing takeover action. stay there, jack. mex owe elects an address

manuel lopez obrador. we know this has a lot of implications on things including trade. should we panic yet? maybe the hype could precede the, be too much in terms of fear? >> they're calling the trump of mexico, or the mirror image of trump, what have you. i think what it creates unpredictability. you will have a lot of talk. you might have some inflammatory rhetoric. the actions might not be as bad as the words. biggest thing it probably creates difficulty for business planners. there is a lot of that going on. you talked about earlier, hey, the manufacturing numbers are pretty good right now but all the talk is about trade war, tariffs, this sort of thing. it is a difficult environment for business planner and people trying to put investment dollars to work. liz: president is saying nafta after the midterms. he will talk about nafta. this president has the ability to name something like four or five central banks judges, so that would swing it really far

left. he is very soft on corruption. charles: i think he also wants to give amnesty to marijuana growers. tough for any socialist, looking what happened in venezuela to completely down that path. we'll see what happens, particularly with the oil and gas energy. jack, we'll be back with you. want to get back to the tariff suggest. listen to what president trump had to say, went after harley-davidson, with the idea of moving some production overseas. roll tape. >> everybody that ever bought a harley-davidson voted for trump. i don't know if you know that bikers for trump. >> their pride in america, i know that. >> they're very unhappy about it. they are very unhappy. we just proposed this a few days ago. they made this deal at the beginning of the year, long before they ever heard of the word tariff. they made this deal the beginning of the year and i don't think they should do it. charles: joining us congressman jim renacci from ohio. congressman, we should point out

you are a harley guy yourself. >> absolutely, charles. good morning. i not only ride a harley, but i also have dealerships with harley. i am a big harley dealer. i am disappointed as is the president. i realize harley has to do this, they're competing with tariffs overseas, not united states tariffs. these countries will not let harley-davidson bring bikes in. don't blame the tariffs in america. i don't believe they should be blaming president or tariffs this president is imposing. they should look at their model, explaining it better because right now this was planned long before the president was ever talking about tariffs. charles: to your point, motorcycle registration in america peaked in 2,006,540,000. last year, at 288,000. their prime market cut 50%. everyone understands the need to find growing markets.

they went to the white house in february. used it as a photo-op, all the while knew they would make major changes, do production outside of this country. i think it is unfortunate blaming tariffs. "wall street journal" had an article blaming tpp, america getting out of that. that is disingenuous. they have a 500,000 square foot plant in australia. australia is part of tpp i wish these corporations wouldn't politicize this stuff. >> let's have free and fair trade across boundaries. i like the idea the president says let's eliminate all tariffs across the world. look how well the american companies can compete. right now that is not the case. china is the worst. i like what this president is doing. i keep saying give him his opportunity to negotiate. he is in negotiations right now. he is doing things other presidents wouldn't do. some people say they don't like it. in the end see where we end up,

because he is a little bit different negotiator than past presidents. charles: i agree. give him time, see if it works. if it doesn't, all the naysayers will have a long time to crow about it. congressman, listen to congresswoman maxine waters, response to criticism from nancy pelosi and chuck schumer. roll tape. >> i was surprised that chuck schumer, reached into the house to do that i have not quite seen that done before but, you know, one of the things i recognized being an elected official, in the final analysis, you know, leadership like chuck schumer's will do anything they think is necessary to protect their leadership and so what i have to do is not focus on them. charles: democrat leaders blasted waters of course, for advocating public confrontation with trump officials. congressman renacci, couple thoughts here. strategy of intimidating people

like sarah sanders at dinner, what she said about the leadership in the democratic party looking out mostly for their leadership, ignoring a lot of signs within their own party they're missing, certainly the country? >> what she is doing is unproductive, no doubt about it. i love for her to come to my district to talk that way. she gins up her district and her base. what hurts us, we realize our problems are not republican or democrat problems. our problems are american problems. we need to come up with american solutions. we can criticize, that is the first amendment right. let's work together. maxine waters is not working together. she is trying to gin up a far left base. she wouldn't be able to do it in my district even though i have many far left people as well, but people want to see change. as i travel the state of ohio, they want to see us working together. they don't want to see this. i talk to democrats, republicans, they want us to move forward in the best interests of our country. this is not happening with maxine waters. charles: what about the

leadership in democratic party? sort of having a deaf ear what is come happening in the country, they had that a long time, protecting power, they're trying to stop change within their own party. i think it's a mistake for them to be quite frank with you. >> one thing i learned about washington, leadership on both sides wants to protect leadership. that is part of the american way. i hate to say it that way. in the end we have to protect the american way of doing business and we've got to represent the american people. leadership will worry. democrat leadership wants to continue to be in their leadership. they will to what's necessary. republican leadership will do the same. i will not throw stones at one side or other. being in business three decades and seeing this last seven years. that is one of the problems. when you're in the ma minority, you want to be in the majority. when you're in the majority you want to stay in the majority. why i supported trump. i want to see things change. charles: thank you very much, sir. appreciate it.

>> thank you. charles: lebron james moving to "hollywood" signing with the l.a. lakers for 150 million, four-year contract. will it be long enough to create a team that will compete with golden state and houston. president trump responding to the vitriol of the left towards members of his cabinet. he says the words are dangerous for the country. we'll follow that story. germany chancellor angela merkel border policy has put her political career in jeopardy. many think her time is almost up. nigel farage later with us this hour. more "varney" on the way. ♪ so lionel, what does being able to trade 24/5 mean to you? well, it means i can trade after the market closes. it's true. so all...

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charles: checking on the big

board, we made a couple attempts to get to minus double-digit territory. both have failed so far. we're holding pretty good. this is where we were all morning long. dow off 154 points. crude oil near four-year lows pulling back a little bit. but it has been a remarkable run in a very short period of time. meanwhile getting a check from gold, it has not benefited from bitcoin falling out of favor. people thought that could happen. fedex isn't helping either. our next guest writes in the "wall street journal" that the federal government helped kill saturday morning cartoons. that is blasphemy. michael riley, make the case. you have a plan to fix it. >> we do. today under fcc rules we require broadcaster to air programing on average three hours per week that is regularly scheduled, be blocks in 30 minutes and air between the hours of 7:00 a.m. and 10 p.m. that is put a straitjacket on broadcasters, changed what they have done over the last 20 some odd years.

you add on top of that, all kind of paperwork burdens that they have to file. what they have done in the past, what they're doing in the future. you make them change what they would have done. things like "schoolhouse rock" are killed off. we have a plan that we'll hopefully adopt in the next 11 days at the fcc, provide more flexibility for broadcasters, give them more choice and option without harming those children that watch programing today. charles: we could be back to conjunction junction, what's your function? >> we'll see what the market takes. charles: i'm ready. is anybody ready for this? jack, are you ready? >> i'm ready. >> i flip on saturday mornings, see infomercials. >> yes. charles: what happened to children's programming in general? >> you're seeing explosion of children's television. not on broadcast channels. pbs does a wonderful job. cable attacked market seeing how vital it can be.

broadcasters are constrained. charles: this is new development then? >> it is start of the process. we'll take comments starting in july over new opportunity for broadcasters to change up what they offer today, hopefully-off new programming to children going forward. charles: so they will have the option but do you think they will step up to the plate? are these sort of info -- info mesh challenges for the latest vacuum cleaners? >> we'll take ideas. if we allow them to take the current programing put it on a second channel, what do they put in the space in the meantime? maybe we require it local or live? we'll take a lot of comment and questions on. charles: what do you make of the criticism of the current fcc? just you know, a lot of pushback? doesn't seem like you guys can make any decisions that a lot in the mainstream media agree with? >> par for the course in washington these days, that's okay. we take a lot of criticism for different decisions we make.

i taken criticism on children's programing those that worked on previous rules, had a little bit of ownership, don't want things changed. that is our job to reflect what is happening in the marketplace today. what is the best interest of american viewers. charles: if you bring back bugs bunny and "schoolhouse rock," i'm with you. appreciate it. >> >> coming up tesla's elon musk calling out ford, saying the company is a morgue. wait until you see how ford responded. we've got it next. ♪ and now for the rings... i'm a four-year-old ring bearer with a bad habit of swallowing stuff. and if you don't have the right coverage, you could be paying for that pricey love band yourself. so get an allstate agent,

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america just cut it to a neutral rating. don't forget about former dow component, general electric, hanging in there, down 32 cents. made a pretty good debut the first day after off the exchange sales concerns about the rack discount change. stock almost 4%. tesla's elon musk calling for a morgue. ford responded, ashley. ashley: they certainly did. this is in an interview with the "wall street journal" the morale at tesla remains strong despite struggles they are facing. i'm feeling good about things. there is a good vibe. i think the energy is good. go to ford, looks like a morgue. ford responded through the vice president of communications, he says, no doubt the vibe is funky in that makeshift tent, but not that bad across the street at ford, high quality, high-tech, f-150 rolls off the line every 53 seconds

like clockwork. charles: been that way for about 100 years. ashley: i love that response. that was great. charles: i will say this, if you have some stock, if you're a shareholder in tesla employee, versus shareholder of ford as employee, you might fell better as a tesla employee. >> shocking the difference. not that tesla's stock has done well. charles: done pretty good in the last five or six years. >> it has but the u.s. carmaker, what i'm surprised by, their shares have not done better. these companies have never been stronger. they are not financially the same companies people recall 10 years ago. there are concerns about peak auto levels in the u.s., they seem to be plateauing than falling off a cliff. cash rolls into the companies. liz: musk is full of himself now to go after the company that invented assembly line. >> if trash-talking were cars he wouldn't have a production problem right now. charles: this is one of most

heavily-shorted stocks out there. ashley: yes. charles: gets negative publicity every single day. it managed to hang this there. we'll see what happens eventually. that is what they keep saying. thanks a lot. one more for you, jack. president trump saying a car tariff would be his biggest weapon in this trade war. what are your thoughts on that? >> we don't need fresh giant car tariffs. cars are an important business in this country. if we hit other countries on car tariffs, they will hit us on light trucks, our pickup trucks, like the f-150 you're just talking about. that is not something we want. we're doing quite well with car manufacturing in america right now. charles: is it his biggest weapon do you think in the trade skirmish? >> it's a powerful weapon but it is one we don't really want to use. we've had pretty good job growth in the car sector. charles: jack, thank you very much. folks, coming up, lebron james moving to hollywood, signing with the l.a. lakers with 150 million for four years. will that be enough to take on

the golden state warriors or the houston rockets? video games in the olympics. the intermax committee is talking about it maybe even see it in 2024. the phenomenon is next. ♪

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♪ liz: more beatles. yay. charles: stuart may not be here but always in spirit when the beatles play. we're creeping higher f we get a double-digit loss we might trigger a buy program.

we'll keep a close eye on that. big tech names. big news. vmware, its parent, dell technologies, says will buy all the shares that track its performance. you can see the stock, both shares by the way are higher. the idea ultimately the company will be taken public again. meanwhile lebron james, he makes a four-year deal with the los angeles lakers, 154 million big ones. jared mack is here with more. that was kind of quick, jared. he made the decision pretty quick. >> love it. remember nine years ago we waited with the television spectacular. taking his talents to los angeles. charles: right. >> honestly i can't see a better city for lebron to make this large of a splash for both sides. for the lakers, for los angeles whacker it does and for lebron james, 33. signing a four-year contract. still playing out playing

career, more injuries. set for next step of his life in basketball. that is tinseltown. he is involved in hollywood a big way. this is huge. could this lead to sports becoming biggest attraction in hollywood more so than movies. there are jobs that get created by this you might regularly entertainment reporter, you got assigned to the lebron james beat. follow everything about his kids. his kids are enrolled in school. charles: two homes. >> two homes. $23 million mansion he brought in brentwood, just a couple years after he bought a 20 million-dollar one. charles: he has a show on starz, survivors remorse. good show. white dove in development with gabrielle union. he knows what he wants to do after all this is over. tinseltown makes one or two movies. they don't make movies anymore

in hollywood. >> what about winning. charles: lebron wants to win. >> this may be a winning city. remember when he forced the super team in miami, it took a little bit of time before they got going. you have other issues. how far until levar ball might shot off his mouth about something. that is no good. coo way kauai leonard may make a super team. it will be a exciting time. sports fans should be excited. folks in l.a. should be excited. i haven't seen a match like in long time. charles: no doubt the nba champs come from the western conference? >> how about this? the odds on the lakers to win the title opened up at 20 to 1. now they're down to 6-2. cavaliers went from 30-1 to 500-1. sort northeast. charles: they're done. what do you make, you are excited about it. is there something for older

fans who feel like these teams were sort of organically developed? now they're cobbling together all-star teams in the off-season. if you have deep pockets, you get players, is there something, is this right? is this where we want sports to go? >> no. i don't want this in this direction because it only leads to three three or four teams thn compete. much like basketball game, get me to the final two minutes. the season, we're saying get me to the finals. maybe now the western finals. charles: exactly. jared, big news. appreciate it, buddy. if stuart were here he would ask but the tax implications but i won't. >> the world cup. charles: of course. hey, by the way, speaking of competition, how about competitive videogaming becoming an olympic sport? don't believe it? the international olympic committee actually discussing it this week. joining us now gamer world news entertainment ceo gail dickey.

gail, is this going, how probable is this happening? >> hi, charles, thanks for having me. i would say we're looking at a 2024 esports inclusion for the olympic games. charles: so you feel pretty confident about it. talk about the size. i don't know a lot of people see how rapidly it gross and sort of impact making around the world right now? >> you have 2.2 billion gamers around the world and i think, if you look at the olympics and competition that has gone on in the past, even most recent, last since february, the viewership down 24% in the 18 to 49 demos. including esports, by 2024 would be fantastic idea not only for the country of france but for the world in terms of increased revenues and advertising and, i think viewership will really be

substantial, especially with the live events. charles: we're talking about the international olympic committee. it's a global organization. you have the world health organization, another global organization saying this gaming, internet gaming disorder is an addiction, a significant public health concern. could that gum up the works? >> i don't buy it. i think it is like anything else. everything in moderation. you know esports -- charles: there is no moderation. you have people who are sleep deprived and in south korea they say it is epidemic. so -- >> true. charles: is this something we overlook or is it, is this significant enough to stop this, ultimate goal of part of the olympics? >> no, i don't think it is something that will ultimately stop it included this olympics. something to keep an eye on like any other addiction. for the most part you're looking at significant increase in

viewership. revenues and sponsor monies over the course of the next, well they have six years now to decide. but i'm sure, this month, when they talk about it in the forum, they will see them talk about all the pros and cons. i think the pros will significantly outweigh the cons. charles: real quick before i let you go, gail. google getting ready to release its own videogame console that would compete against playstation and xbox. any thoughts how successful they might be? >> i think they will be very successful. we have to look at console gaming versus cloud services and cloud gaming to be significant in the future and i think google does their job very well. so i think we can see some substantial increases for google as we move forward. charles: certainly exciting time for the industry. gail, thank you very much. appreciate it. >> thank you. thanks for having me. charles: switching gears here, listen to president trump on

sarah huckabee sanders being denied service at the red hen restaurant. roll tape. >> hen restaurant was i thought was terrible with sarah. i hope the other side realizes they better just take it easy, they better just take it easy, because some of the language used, even some of the radical ideas i think they're very bad for the country. i think they're very dangerous for the country. charles: joining us media madness author, howard kurtz. your reaction on this, notion we could be looking at dangerous backlash? >> i think it is already happening and i have been stunned by all of the vitriol that i have gotten and many others have gotten because i said, you shouldn't harass people, kick them out of restaurants. it is not just sarah huckabee sanders as you know. kirstjen nielsen, homeland security sector, a bunch of protesters came into restaurant shouting shame at her. that is all indicative of

polarization in this country. those that don't like administration, president trump he uses rough language, he uses hard ball tactics, when you get down to harassing people that is the word maxine waters used, harassing people in daily lives. it cross as line. i think there is backlash. charles: maxine waters standing by her comments, in fact pushing back against democrat leadership, said listen, on this one waters crossed a line. the folks who believe this is legitimate tactic don't seem to be backing down at all. >> it is interesting, that nancy pelosi and chuck assume every tried to distance themselves from what maxine waters has had to say. also the media started covering this, this is interesting debate. should sarah sanders get served in a restaurant or not? if this happened to obama aides there would be absolute uproar about it. i'm for vigorous debate. people can protest and march and wave sounds, when you start harassing trump people in daily

lives, media coverage and political culture, a double standard, it is trump and anything goes. charles: we saw something similar in response to the shooting last week. listen, i personally, i wait 12 hours, 24 hours, before i talk about any of this stuff. connor berry, reporter in massachusetts had to reshine. he said the gunman who fired in the maryland newsroom was wearing a make america great hat. we know that he wasn't. what are your thoughts, howard? >> completely false. mistake by rookie reporter. more important many, seasoned pundits say this is somehow president trump's fault. he created the climate we know now the gunman at a a nap police gazette, had a story. we have to stop on the blood on his hands rhetoric.

nothing other than a crazed gunman in annapolis. if tone matter, words matter, i don't agree the president is enemy of the american people but let's not take it many steps too far. charles: howard kurtz. appreciate it. >> good to see you. charles: millenials are abandoning the democratic party, particularly white men. what do we make of it? we'll be right back. diet, and exercise. slide 'em up or slide 'em down. so let's see. for most of you, it's lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease, significantly reducing the risk of dying from a cardiovascular event

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♪ ashley: in the last hour tax guy grover norquist told us what he thinks president trump's next round of tax cuts will include. take a listen. >> what they're looking to do is certainly make permanent all of the individual income tax cuts that last for 10 years because it was done through reconciliation, make those permanent. perhaps increasing per-child tax credit, something ivanka trump has been working on. he does want to take the corporate rate from 21 down to 20. we were promised 20 but it jiggled up at the last moment. also the president always wants to go to 15 on corporate rate. it has been so good for the economy going to 21. ♪ it's time for the 'lowest prices of the season' with savings on the new sleep number 360 smart bed.

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charles: well, bears repeating, tesla reported, reportedly meet as self-imposed deadline for model 3 cars, rolling out 5000 a week. meanwhile the government approved injectible schizophrenia treatment. that stock up not as much as folks might have thought. there is germany chancellor angela merkel, her job may be on the line after her coalition rejects a tough migration deal. i want to bring in european parliament member nigel farage. merkel's interior minister,

nigel, even offering to resign. what are your thoughts on this? >> well, my thoughts are, there was a big european meeting at the end of last week. the heads of 28 countries coming together. there is a big battle here because the european union wants a common policy for the whole of europe but the individual member-states, they want the ability to decide themselves who can come into their countries. it is a rau brewing for nearly two years t led to massive electoral change, of course a new government in italy. in germany, the afd, the alternative for deutschland, at record highs for them in the polls, ahead of socialists in germany, putting huge pressure on traditional conservative party. mrs. merkel came back with a deal that was nice words on a piece of paper but meaningless. the intear i don't remember minister has threatened to resign. they will be meeting with him in the next couple hours. i can't tell you whether

mrs. merkel will be gone in the next couple weeks but i can tell you mrs. merkel is history before too long. charles: to your point, angela merkel saying hey, there was a humanitarian crisis a couple years ago with respect to syria but now, seems like, maybe she is trying to move to the middle on this? maybe she sees the political winds. it is not hard to miss after what happened in italy. to your point, what is happening around the world, rejection of the establishment particularly on immigration policies. >> yeah. but for police merkel now trying to shift policy is ridiculous. they let in 1.6 million people. in fact they actually encourage people to cross the mediterranean because mrs. merkel said we can cope. that is leading to huge social problems in germany. communities feeling really unhappy about the change that has been brought over them. i don't think, even if mrs. merkel went down on her

knees said i'm sorry to the german people that frankly that is good enough. she has to pay the price for one of the biggest political mistakes we've seen in modern times. she is finished. it is just a question of when. charles: earlier in the year when italy surprised the world with the sort of bifurcated government, northern league and five star, germany's, top member of germany, when their markets were hammered. this is what they deserve. maybe this will scare people straight, get them off anti-establishment, anti-euro bandwagon. i think it backfired miserably. you still have efforts in the uk to sort of get rid of "brexit" and to keep england as part of the eu despite the fact that the people there have already made displeasure known. >> yeah, i mean what is going on within the uk at the moment, from the establishment is frankly disgusting.

we have the big multinational companies, their friends amongst the investment banks, many members of the career political class doing their best to stop "brexit" from happening. one or two of them, tony blair and others think they can get away with this believe me, believe me, if they scuttle "brexit," they will reap a political whirlwind the likes of which they can't even imagine. the electorates across the west, we've had enough being threatened, enough being told by big companies unless we do it their way we'll all be worse off. we frankly don't believe them anymore. all of this on the day when we learn when president obama said we would be at the back of the line if we voted for "brexit," it was confirmed today that david cameron put him up to it. is it any wonder we're so contemptuous of our leaders. charles: it goes on. nigel, great talking to you, even with the delay. appreciate it. >> thank you.

charles. we brought you this story last week, two calfornians suing halo top ice cream saying they quote, dramatically under filled their pints. we'll have their lawyer next. ♪

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david: now this, diet ice cream halo top is being sued for underfilling its pints. we have andrew brown, an attorney representing the plaintiffs. andrew, how does a lawsuit like this comes about? >> it comes about a company like halo top, ends up cheating consumers all over the country about their money. people get angry about it, start to call lawyers, we get involved. liz: i'm liz macdonald, on "varney & company," we're part of the entertainment hub. did your clients eat the evidence or still have the ice cream with them? >> sometimes they eat it. sometimes -- liz: basing a lawsuit off halo ice cream that they bought. do they still have that halo ice cream or did they eat it? >> i can tell you one of them

ate it. one of them continues to eat it. liz: how will you prove the case? talking about the basis of your suit? how will you prove your case? >> well, there is a thing called a camera. most people have them on their phones. i've been getting emailed pictures from all over the country, from dozens of consumers, once they learn about the lawsuit have been sending me pictures of half filled pints of ice cream. send me correspondence from the company. send me receipts of purchase. all sorts of ways to prove this case. charles: talk about this for a moment because it's, this is a company that is sort of now becoming a business, a business phenom. 2 billion-dollar net worth. started in someone's kitchen a few years ago. launched in 2012. 2500% growth. could this sort of just be mistakes, honest mistakes made by manufacturer, i can't keep up with growing demand and is the sort of things that we really need to get the courts involved with? >> well, to the first part of

your question, they sell more ice cream than haagen-dazs. they sell more pints of ice cream than ben & jerry's. charles: that's my point. a company that enjoyed remarkable success, that they weren't prepared for, do we really penalize them for not necessarily having the manufacturing capabilities or know how to keep up with demand if we think ultimately it was an honest mistake? >> charles. it is not on honest mistake that is not something the company has said. they don't say we're a small company and we don't know how to manufacture ice cream. what they say is that sometimes it melts in shipping. and then it refreezes, so it is less than a pint. at the end of the day it doesn't matter what the cause is. it could be global warming. if someone buy as pint of ice cream, you don't get a pint of ice cream, what do you do? they paid more than what they should have for ice cream. it has been going on over the years and happening to hundred

us of thousands of people. charles: what is the remedy? >> they need to stop advertising the ice cream as a pint if it is not a pint. charles: what do your clients want, what do the plaintiffs want financially to resolve this >> what the lawsuit says own the last page, in section entitled prayer for relief is they want the money returned according to the evidence that is proven at trial. so i think we can all agree jury trial is best way to figure out how much halo top needs to return to consumers based on evidence at trial. that is all they're asking for. so if the jury decides it's a buck, then, you know we're satisfied with a dollar. but if i can prove it is more than that, i expect everybody else as well as myself to be satisfied that it is much more than that. charles: we'll definitely watch it. thanks for contacting us.

>> thanks. charles: we have country music star ricky skaggs. he is entering the country music hall of fame. the next hour of "varney & company" starts right now. ♪ ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. anoro is not for asthma. it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. these may worsen with anoro. call your doctor if you have worsened breathing,

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it's a good time to get your ducks in a row. duck: quack! call to request your free decision guide now. because the time to think about tomorrow is today. charles: 11:00 a.m.) new york and we are starting off with your money. went to check on the big board book at this folks we are creeping in their some people have said down 400 points at the open. we are still down, more losers than winners, but this of the course or trade were and are next guess says global stocks are in the bear market join us now dennis garman. dennis, thank you for joining us. this market, the trade concerns, the worries and anxieties we are watching with the late selloff and even the

good days, what do you make of it all, charles, i think we began a bear market in global terms in january. i keep a simple index of 10 of the largest ahca markets around the world and it team in january 29, of this year lower lows and lower highs. of the tao-- dow peaked in the last week of january so that's typical of what's going on. i honestly think it's been a bear market that started probably six months into it already. the action friday i thought was terribly disturbing that you opened up to it at 50 higher got to 300 higher on the dow and barely higher on the day. today we opened with a lot of people talking 400 lower and i think we opened 150 lower and we are rallying back. this is a holiday weekend you could get volatility, but i think the bear market has begun and i take its people become less involved in the market, and be less involved in

the market at this point >> late january, of course, january 26, president trump in my opinion declared war in the global establishment that was the peak of our markets and for many others around the country at least the blue chip market here, but a minute in america we saw a buying shift. the nasdaq is holding up pretty good and the russell 2000 has had an extraordinary run here does that mean something, does it say the global economies have weakened, but our economy judging from manufacturing today 17 out of 18 components higher in expansion. >> first of all we have been around this market for a long time and understand two things. one, the stock market goes up long before the economy bottoms and number two the stock market goes down long before the economy tops. the economy is in extra narrowly good condition now, no bones about that and in southern desert--

virginia where we have been relatively weak because of declines in defense spending, you can't walk around without seeing help-wanted signs, but i don't think that's a typical at this point in this time in a global economic upturn took stocks turned it down before that and we have seen monetary authorities begin the process of excluding, taking away reserves from the system adjusting monetary base is down almost a trillion dollars from its peak and i think that's telling you something important so again, stocks bottom before the economy's bottoms and peaked long before the economy peaks charles: i know you are not a big fan of technology, but technology companies turning to community colleges even setting up new degrees and certificate programs, so this is at the wave of the future and could it have direct connection to main street or what the ceo of ibm calls new

colleges onboard? >> first of all i been an advocate of owning-- people of hurley said before, i'm too old to understand high-tech. i went to own the things if i drop them on my front will hurt, but technology has led the way higher and it will continue to lead the way higher. on my charming of the endowment in ohio and i have some understanding of what's going on and there is no question universities have become extraordinarily expensive and two-year technical schools have become more and more competitive and that is the wave of the future and it will continue for a long time going forward. technology demands lesser education more specific education. it's happening now and it will happen-- it's been happening for the past several years and will happen in the future. charles: we have been pushing more on education side knowing your resume. should we be pushing harder than for more vocation oriented

elements come high school sort of like the german model? >> i actually like the model we have let the market decide what it needs, charles. i think the market is deciding perhaps lesser expenditures and smaller numbers of people in four-year universities and greater expenditures and larger number of people in texas schools took the market can figure it out to the public figures that out. let's leave it at that. i don't think we need government making any more decisions. charles: dennis, thank you. always a pleasure. >> charles, always good to see you. charles: unrest continues in iran with protesters hitting the streets in toronto over the weekend as president trump tries to cut the company's oil sells commenting on the unrest during an interview he had with maria. >> they are no longer thinking about the mediterranean. they are thinking about themselves. >> are they enriching

their uranium? >> if they do they will have a very big problem. charles: let's check the price of oil, close to 74. our next guest thinks $80 could be around the corner and joining us former shell oil president of john, welcome to the show. >> thank you, charles. we are in key resistance area we got to the 73 area early in the year and came down quick, i mean, very very hard. you see where the rigs come online and opec starts about increased production and it seems like the marketplace quickly which makes $80 seems like it could be a bridge too far. how do we get there? >> well, the real underlying problem is the fact that from 2014 to may 2018 the industry globally deferred about $500 billion of capital investment meanwhile, demand continues to increase, so with the lack of capital investment over such a

sustained period of time we are-- we are multiple years away of meeting increased demand, which will drive price. this is not something that will be fixed with a phone call between our president and the king of saudi arabia. this is an underlying problem that will continue for some time to come. charles: what was the reason for that? was it when saudi arabia opened as pickets and it was my estimation they declared war on the us fracking miracle and i think they lost, but how do you explain that big gap in capital expenditure? >> well, there wasn't enough money to both produce and spend for new exploration, so the money that was coming in from the lower oil prices basically pay the cost of production, but it didn't pay for the cost of capital expansion for new supplies and so we are about four years away from really cracking open reservoirs that could been cracked open the last three, four

years and so it's going to take time to catch up work we will catch up, but i think the oil price will grow as a consequence of continuing global growth in demand for oil. the alternative is natural gas and natural gas is not a quick fix, but it's a fix over time where we really have to get off the oil volatility for the sake of sustained economic growth. i think president trump has a marvelous opportunity in front of him to begin shifting to a natural gas supply for transportation fuel, which can change the game entirely forever, frankly. forever meaning the next century of having low price natural gas, clean natural gas as more of a primary transportation-- charles: we have heard that for a long time. we don't have much time left, but would not even be more expensive than some of the other lapses we have seen in spending? >> no.

i think there is such abundance of natural gas and there will be an abundance of natural gas that we actually will see a shift that will just be market-driven, but what we need are a few market enablers which can be provided by executive order or epa reregulation and it doesn't take an act of congress to do that. charles: john, thank you. always appreciate it. >> thank you, charles 32 let's check the price with a natural average for a gallon 2.85. essentially now it's flat from where we were yesterday. check on bitcoin. it's been under a serious amount of pressure, but coming on strong. it's a pretty big move, more than 10%, maybe under 5000. gold, however, moves sideways as you see on the screen down $6 70 cents-- $6.70. the man on your screen is skip fleischman, a former f-15 pilot,

combat veteran now he's a top and-- venture catalyst in the biotech industry investing in companies that are trying to find cures for cancer and he is with us this hour. i say we see a big shift in the gop. in fact, millennial's are leading the democrats are next joined in studio live. this endangered species is getting help from some unexpected friends. these zebra and antelope. they're wearing iot sensors, connected to the ibm cloud. when poachers enter the area, the animals run for it. which alerts rangers, who can track their motions and help stop them before any harm is done. it's a smart way to help increase the rhino population. and turn the poachers into the endangered species.

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charles: mexico has elected a new president. he won in a landslide yesterday and he said he will go after corruption and government for the poor with president trump tweeting:

stuart: to. charles: a new grassroots movement urging democrats that are tied up with their party to #walkway. it's called the walk away the movement and its gaining serious momentum. candace l lens joins us. we talk about this at that friday. i can't believe over the weekend that's all i seen on twitter and people are grateful and i know turning points working on a similar campaign, but explain what's going on here. >> i think it's the most natural thing in the world trick unfortunately the left and democrats, the party is unrecognizable to many people especially millennial's who have become violent-- they have become violent and extreme and beyond that they have radical ideas. we are talking about socialism as a platform, which as we both know

has over 100 pit-- 100 million people over the last 100 years. how can people stand the left anymore. charles: the notion also met people are now brave enough to walkway remained missing you take aiken's considerable amount of backlash if you are part of any special interest group that's expected to be democrat and people are shocked when you're not a democrat. if you are not a black-- if you are black person and not a democrat people are shocked. if you are hispanic and not a democrat then people are shocked and it takes a certain amount of courage to walkway. >> a dozen i think what we can contribute this to his social media. social media has provided that courage because you look around and you see so many like-minded individuals pop up. me as a black person who says i have conservative values and many people that trail blaze before me like condoleezza rice and doctor ben carson didn't have social media in the way we had today which allows us to springboard off their ideas and make it okay to come out. the walkway #was started

by a gay hairdresser in new york city so we see so may people pop up and as i said it's just the beginning. i really do believe we are seeing the end of the democratic party as we know i. charles: i have another one on that same note. there is a poll actually millennial's supported democrats were congress something by nine percentage points in the last couple years. listen, it seems like there's a massive shift to the gop, but particularly away from democrats among millennial's. what you make of that? >> well, look at some of the facts or click at the priorities on the left. they have been highly focused on illegal immigrants, 2000 illegal-- illegal immigrants separated from their families and yet we see there are millions of kids in foster care and millions of kids that have been separated by their parents that are in prison so it's about their priorities. people are starting to wake up and understand their interest has not been for us in a long time and they have been insisting on using our

identities whether we are black or sexual orientation, gay, lesbian to sort of strapless gown into this democratic party platform and we see a movement away from that, a movement towards ultimately individualism charles: in this the tickler paul white men 18 to make 34, for democrats in congress that numbers down to make 37%. identity politics and the selling of guilt seems to be backfiring in the notion everyone should be guilty or angry or have some sort of animosity against someone that's not like them whether it's income related to race related or sexually orientation. i'm just shocked to be frank of how much devastation that's happening to the democrats. >> i'm not shocked whatsoever. that's why i created my youtube page initially i saw this this movement happening. look at what they are selling and adjectives you just use, guilt. that type-- idea being

oppressed and angry as a victim and what we offers freedom, happiness, individualism in a way to progress forward. what will it when and in or negativity? that's what we see happening in all communities with an american movement towards freedom. charles: candace owens, thank you cnet thank you. charles: let's check facebook because while it gave one time access to user data to companies , but the stock hanging in. look at tesla, it's exceeded its 5000 car model three production target last week and has come down but still in the green. then there is space x. it's dragon spacecraft at the international space station this morning at 9:00 a.m. eastern. this is a lie that view from the earth and the space station and remember that ai robot featured on this program , simon, is also a board.

also, infamous french crime lord using a helicopter to break out of prison and then get this, it is not the first time he's busted out of jail. we have those details, next

charles: in france, a massive manhunt is underway with the country's most infamous criminal who used a helicopter to break out of prison. >> is 46 years old, redoine faid, notorious and frantically longtime notorious criminal who was serving time in jail for a jewel heist that ended up with the death of a police officer, but the big story is he is out because a helicopter yesterday landed in the prison grounds. armed men got him out in full away they believe this daring escape has been planned for number of months and the used drones to look at the prism ahead because using a helicopter in france is the preferred method as busting people out. they have anti- helicopter nets over prisons, but they knew-- by the way, this guy escaped five years ago

when someone smuggled in explosives and he literally blew himself out of the prison grounds. charles: amazing. now there is this and it's really the end of an era at best buy the electronic chain has stopped selling cds. >> streaming music is killing cds. i feel ancient jerk streaming music has two thirds of the market. cd sales are down nearly 20% at best buy and target is also winding down cds. wheezed and land lines in public payphones now, cds going the way of all that. charles: i used to go every tuesday to get my cds or cannot any more. >> we feel old? charles: i do. pfizer raising prices on dozens of best-selling drugs. president trump has been calling for lower drug prices so this will make him happy. >> i expect a tweet any

seconds. over a hundred products with pfizer announcing price increases, the second this year. some of these drugs include viagra that's gone up nearly 20% since the beginning of the year and then chant text, a drug that helps people quit smoking and that's up 17% this year. eyedrops for glaucoma has gone up. so, bottom line, this won't sit well with the president. charles: there is a call to abolish ice. there is never-- democrats that say it's time for it to go and also the markets right now off 89 points and trying to crawl its way back. we will be right back.

test stocks here in the green then they were just moments ago. all of this revolving around the

trade fears. just an odd week. a lot of folks will be out. now there is this. our next guest a former f-16 pilot. a combat veteran. a top venture capitalist joining us. asset manager investor partners. first of all, thank you for your service. now, thank you for your service and helping to find cures for cancers. tell us how it is going. >> well, it is a pretty interesting time for us. so much innovation. technologies applied at the healthcare market. tremendous opportunities in this area. our firm started reinvesting after 1965. we have a long track record in applying technology in the healthcare market. >> you just underscored the frustration of a lot. even a lot more than that.

you add it all up, hundreds hundreds of billions of dollars particularly towards care for several decades. are we any closer? >> we are seeing some interesting technology breakthroughs in the sector. as many of us know 1.7 million diagnosis of cancer each year. both on a diagnostic cited treatment side, really making a difference. a company named -- which is making a lot of games as far as early cancer. utilizing a lot of interesting datasets. >> the private sector, the one that finds a lot of discussion here or recently about the of government, government funding, government responsibilities or maybe lack thereof. is there enough money out there, an emphasis, if if you will, to come up with the cures you are looking for?

>> yes. they have a really inexpensive blood draw that can be utilized. they look at certain markers in the blood. they have the hope of being able to detect cancer at stage one level. saving the system begins of dollars. it will be a complete game changer. >> we've seen a lot of success on ms. it feels like maybe we could have paused here. a lot of success in that area over the years. where are we there in some of the companies that you are working with with respect to addressing ms. >> ms is a very difficult area. a lot of, we are making gains in other areas, too. just taking cancer and setting it aside for a moment. looking at chronic illness. looking at new datasets that they have. tracking via phone. tracking people's food intake, their activity and combine it with medical record data.

then we can take the piece, the behavioral piece and actually influence outcomes in a very dramatic way. this could be respiratory illness, for heart disease, or even other areas. >> thank you very much. we appreciate it. in the military. this is something we have been hoping for for a long time. we appreciate your time. >> thank you, charles. >> growing calls along the left for i.c.e. to be abolished. listen to what president trump told maria about this. roll tape. >> you get you have a country you will be afraid to walk out of your house. i love that issue that they will actually do that. they are seriously talking about that. you will have a country that is crime-ridden. border patrol, border patrol patrol agents, i.c.e., these people are incredible.

>> all eyes, the judges here. judge andrew napolitano. judge has an important role. we should not be getting rid of i.c.e. we should be helping them. augment them. e-verify. do things that curb this problem in the first place. it is understaffed, they are under a tremendous amount of burden. a tremendous amount of publicity with people threatening to expose their identities. it is a tough job. >> can congress abolish i.c.e.? it can. i would think it would be hard to imagine a president would launch legislation to make that happen. i do not think that this is a winner for the democrats to run on. most people recognize most independent voters who will decide to all control the house of representatives this fall. recognize a do perform a legitimate function.

do i like the government knocking on the door saying where are your papers? i understand you overstayed your visa 25 years ago. they are charged with enforcing the law. the people that decide, who they go after, could show a little bit of tolerance rather than a zero-tolerance policy. charles: 10% tolerance. 15% tolerance. where do you job the line? >> it would have to be a case-by-case basis. the numbers are staggering. >> if someone does overstay a visa, we don't want that to continue. who gets to stand who does not get to stay. >> well, we do. the visa has been overstated and they have married and have children, they are not a threat to anybody. the presidents idea is if we

don't do this, we will encourage more of it. democrats are saying leave these people alone. >> they are voters. >> you have to get it to the polls. >> if are voters. i don't know how they could be voting without being an american citizen. there are some that you can vote on state and local elections. >> they do see this as a political winner. >> listen, i am here to talk about the law and the constitution. i don't see this as a winner for the democrats. this is a face at the democrats want to put on this fall, i don't blame the president for welcoming it. they will win. >> i do want to ask you another one. president trump said he will review reveal his nominee just one week from today. let's roll tape and take a

listen. >> obviously outside of war and peace, the biggest decision you can make is a selection of a supreme court justice. i am putting conservative people on. i am very proud of neal. >> your reaction. >> he did not interview anyone over the weekend, even though he said he might. we have a holiday in the middle of the week. he said he wants to interview about five or six people. i will imagine they will sneak these sitting judges and perhaps a sitting senator into the white house. the president is meeting these people just to see what kind of chemistry there is. what kind of intellect they have the. he of their views has already been passed on or they would not be on that list of 25. when i say. the. i mean from the presidents perspective. he already knows that this person is in the category. he outsourced that.

i do not know exactly what he is looking for, except a conservative oriented individual not unlike the justice. i think he wants to be sitting 20-25. he would be hard-pressed to find a sitting judge that would serve for 40 years. that person would have to be awfully young when they become a judge. >> we have a couple in there now >> she is 85 years old. she has already said only the good lord will cross her seat to be vacant. >> thank you very much. las vegas fans. stocks getting hammered after bank of america cut it to neutral. don't forget about a former dow component general electric. nordstrom's this this morning got a downgrade. they say there are concerns.

and then there is this. the growing split. leadership at the democratic party. talking to chuck schumer and nancy pelosi. also, lebron james signed a $154 million contract with the lakers. our leading voice in california. a big deal for the city. this is a money story and we are all over it. we have it all next. ♪ (phone ping) gentlemen, i have just received word! the louisiana purchase, is complete! instant purchase notifications from capital one . technology this helpful... could make history. what's in your wallet?

♪ >> i have your foxbusiness brief. dell will return to the public market. dell technologies has confirmed that it is agreeing to buy the tracking stock. you see them up 8% right now. all of this will occur and then there will be class sees shares for sale here at the new york stock exchange. this is after the deal is completed. dell owns 80%. the tracking stock from 2016. they went private back in 2013 when silverlake, the private equity firm, helped take it private. likely to come back and they're getting one step closer to becoming public once again. we are seeing that up about 12

bucks. you can see dell technologies up $7. ♪

in est price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com charles: all the way back to being down 48 points points. the dow has picked up steam to the downside. a very tight trading range. one of the characteristics lastly that raised a yellow flag is not right for many people is

the inability to sustain rallies. we have been under pressure all morning. we'll keep a very close eye on that. california cities and counties are fans from taxes on sugary drinks for the next 12 years. this is a provision as part of a bill signed into law by governor jerry brown. california managed part of a last-minute maneuver to block a ballot measure that would make it much harder for cities and counties to raise taxes of any kind. okay. now there is this. [laughter] taking a look at what we are seeing here. a growing split. a leader of the democratic party. roll the tape. >> i was surprised that chuck schumer reached into the house to do that. i have not quite seen that done before. you know, one of the things i recognize recognize being an elected official is in the final analysis, leadership like chuck schumer's will do anything that

they think it's necessary to protect their leaderships. what i have to do is not focus on them. >> joining us now is radio nationally cynically rated talkshow coast host. maxine waters is in the news every day now. [laughter] >> the call for people to harass trump people -- a letter she wrote to fidel castro in which she urged him not to extradite a woman back to the united states that had murdered a new jersey state trooper who had fled from prison and went to cuba. urging him to send her back. she wrote pastoral letter called the former black panther freedom fighter and urged him to keep her. outraged for a very long time. i am surprised at the democratic leadership is just trying to put a little bit of daylight between her and them.

>> what do you make of her suggesting that racism played a role in it. it seems to me that democrat and o frederick may be coming back to haunt them and sink them themselves. >> you never want to get caught between maxine waters in a race card. [laughter] that is what she does. the idea is to scare blacks into voting for the democratic party is after all republicans are racist. republican party wears a black hat. our policies are black people. never mind the welfare. never mind the family. never mind things like minimum wage hurts unskilled black workers. not giving them a choice in education. nevermind any of that stuff. racism remains a major problem in america. >> there is a major disconnect. democrat leadership. nancy pelosi, chuck schumer.

28-year-old challenger. maxine waters says leadership wants to hold onto power. i think they want to hold on so desperately they are willing to let their whole party just fall apart. >> they will fall apart if they pursue this abolish i stopped, free tuition, government government guaranteed jobs. the woman that just be joe crowley. the majority, especially young people support socialism. increasingly out of touch with the rest of the country. i think it will help the republicans in the midterm. it will help donald trump get reelected in 2020. >> we have to switch gears and talk ask a ball. lebron james signing a huge deal with the lakers. what does this mean for l.a., the city itself.

>> as an angeleno, as a lebron james fan, i am ecstatic. i feel bad for cleveland. probably put hundreds of millions of dollars into the economy. he will do the same thing for l.a. cleveland needs the money more than we do. >> he is looking at himself and his own legacy. he will not win any championships in cleveland. do you think you will win one in l.a.? he has for years to do it. >> he better get one or it will hurt his legacy. he will get one, maybe two. >> i've got to or ball. can it coexist? >> the ball's father is is a wildcard. he has made a bunch of statements about how his son is looking forward to working with lebron cheered i turn. let's hope it works. >> is always great talking to you.

>> legendary country music star richie jackson has been announced for the country music hall of fame. he will be here with me in studio next. we will talk nashville. hollywood never has been conservative for conservatives. more varney next. ♪

charles: >> his fitting introduction. i cannot tell you how big of an honor it is an pleasure to introduce the newest inductee into the modern air artist category of country music hall of fame. [cheering and applause] >> that was garth brooks. country superstar joins us now. ricky, first and foremost, congratulations. this is the ultimate accolade tiered. >> on this earth, it really is. it truly is. i don't think any of us ever come to nashville with that in mind. we will be members of the hall of fame.

there are so many artists out there and so feel that are actually in the hall. charles: is it about your tenacity, how long you been around? standing out above the crowd. >> i think so. there are a lot of things they take into consideration without voting -- nobody knows who they are. they kinda vote on the hall of fame inductees. you know, there are artists that i have grown up with, even played with. the stanley brothers. one of my big influences. they are not in the hall of fame. it breaks my heart because i still through those records and learn things. i got to thinking about it. they are not there, but they are

there in me. >> their influence was there. >> garth brooks breaking up like that. nothing better than to have a superstar. what he thinks about you as a person, as well as a musician. >> the most gracious guy. people don't understand what is going on in garth's heart. he is so kind, he is so generous i have no idea what he all gives away. he is a good man. and he married up. like we all did. [laughter] >> tell me about it. talking about the differences. culturally. more acceptable to be a conservative. do you ever, it even feels like

nashville is changing a little r politics or political reasons? >> we all get pushback for politics. that doesn't keep us from standing up and speaking on it. i never really talk about it, you know, you know, i certainly give my views on who i vote for and how i vote. i am conservative, i am pro-life, i am profamily, pro-marriage, pro-biblical marriage between a man and a man and woman. i have, you know, i have been that way forever and i will not change. i think, you know, there are liberals in nashville. a whole lot of conservatives in country music. john rich is a buddy.

he supported president trump. you know, a lot of folks. i went out with the bushes, both both 41 and george w in their campaigns. >> i could just say, i am a fan. thanks a lot. congratulations. it is an amazing honor. >> thank you so much. charles: more varney right after this. ♪ a1c, heart, diet, and exercise. slide 'em up or slide 'em down. so let's see. for most of you, it's lower a1c. . . . ses your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit

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charles: folks, we're sort of holding in there. you can see though big board under pressure all day long. what do you think, emac? liz: trade fears, shorter week. lower volume means volatility. we have a holiday week, right? s&p is down, the dow flat to the downside for the year. starting off third quarter, not on a great note. >> lack of direction. we're drifting a little bit. i thought we would come all the way back at one point.

apparently not. charles: we made it back to being down 48 points. we were down as much as 180. very tight trading range. neil cavuto. it is yours. take it away. neil: thank you, my friend. we have a lot going on. follow up what you started, charles, the beginning with steel and aluminum. at latest count now it has grown to include pork, cheese, apples, maple syrup, chocolate, ketchup. if they hit scooter pies, ring dings, game over! very happy to have you, thank you, everybody. we're trying to follow where all of this is going. the thing about trade tiffs and disagreements, they become trade wars and potentially worse. canada the latest to get the salvos going yesterday. i would not have known yesterday was canada day, if not for my canadian colleague and friend, kristina partsinevelos. what are they doing here? >> they are going after specific items. they have a