that will do it for us today. have a great day. "varney and company" begins now. >> could good morning everyone. hard-line trump. he arrived at the nato summit and comes out swinging. we are protecting you from the russians, he said. he put it really bluntly, germany is captive to russia. the europeans were not expecting that. hard-line trump on trade with china. the administration proposes a 10% tariff on $200 billion worth of chinese exports to america. that is escalation. beijing is not pleased but so far they've not announced retaliation. hard-line trump on drug prices. the president was not happy

when fisa announce price hikes. he tweeted about it from air force one as he flew to europe. good -- this morning they put it on hold. the dow will open with a triple digit loss. we don't know how the market will close today. we have seen this kind of trade before and the market has bounced back but your money is heading south of the opening bell. one more item for air force one tweets. turns out the president was right when he said the fbi's trump heating lisa page was getting cold feet about testifying. it was about to be today. she's not going to show up. she is defying a subpoena. the committee chairs that she has got something to hide. there's another jampacked newsday and another jampacked show. we even have a story about air-conditioning, a math killer. "varney and company" is about to begin.

♪ ♪ ♪ >> the country is getting energy from the country. [inaudible] >> when we stand together, and also when dealing with russia, we are stronger. >> you're just making russia richer. >> even through the cold war there has been discussions about what kind of trade arrangements we should have. >> i think trade is great but i think energy is a much different story than normal trade. you have a country like poland that one except.

you look at some of the countries and they won't accept it because they don't want to be captive to russia but germany, as far as i'm concerned, is captive to russia because it's getting so much of its energy from russia. >> that was a testy exchange. the present pulling no punches at the nato summit calling out germany and russia. we pay for your defense but you give billions to russia. is he going wrong somewhere? >> a little bit, yes. i'd rather the president be tough on our adversaries like the russians then attacking our allies like germany. i agree that the oil pipeline he's criticizing is a mistake. there's lots of other europeans who think it's a mistake as well pad most european countries think it's a mistake and there's ways of putting pressure on germany to

get rid of this project and the. >> it will come up, did net. the sang look, you've gotta massive surplus and your tying your gas from russia. he's got a point and he's just taking it right to them. they're just not used to this type of american president. >> they're not. i do think when russia is causing so much trouble and they're waging hybrid warfare against the west, now is not the time for the u.s. to be fighting with the nato allies. we should be working together against the russians but i think these critiques he's making are best made behind closed doors. >> that's the old way. that's how it used to be done. >> i guess i'm old-fashioned. >> commencing-year-old fashion, i'm just saying isn't it time for something new? an american president puts it to him. here's my case, what's wrong

with that? >> because the nato alliance is the most successful military alliance in human history. the united states built that after world war ii. >> were tired of paying for it. >> let me just say, our embassy, american embassy in london issued an alert warning. it's telling americans who happen to be in london, it didn't say shelter in place, they just said keep a low profile. what kind of insult is that? >> look, you're from the uk. i think that's a little unfair to the british people but i don't think the go around attacking americans. i think that's an overreaction frankly. >> i would not like to go to england today and be an overt supporter of president trump. they know i'm a supporter of president trump and i know i would not be welcome. >> but, i can't speak to that but i don't know that's true. >> i am. >> the british people are well tempered, reasonable. >> oh, just you wait.

they are will be mass demonstrations in london over the next couple of days and i think someone could get killed. >> i wouldn't go that far. i want to speculate. >> wait a minute. what about that balloon that the mayor of london is going to float over london while our president is in england. there it is pretty shows our president in a diaper. what you think about that. >> it gets childish and inappropriate but it is free speech and that the value we believe in in america and they believe in in great britain. it's not, i don't like the fights we seem to be having between our president and our european allies but let's be honest, he starts a lot of these fights himself. he attacked the mayor of london and there was a horrible terrorist attack. you say he's hard-line, he should be able to take it if he's going to give it.

>> okay, we hear you from the brookings institution, things for joining us but we will see you again. that's a promise. >> turned your money, look at stock futures heading south this morning. the administration proposes tariffs on another $200 billion worth of chinese imports. tao will be down about 200 points. the usual suspects with china exposure are getting hit on this news. caterpillar, boeing, apple, all of them down again because of the trade issue. joining us now is foxnews.com columnist. liz, here we go again. do you think it's time to buy? in the past we've bounced back. >> i don't think this is something that will cause the markets go down. it's all about earnings and growth and those things are totally in place. i think we have to look, step back and look at where we are now. $200billion which by the way was sort of anticipated, it won't take effect until september and it's really uncertain how this will play out. i think the major negotiating play on the drums part, but

they don't have $200 billion to retaliate against us. we only import $100 billion from the u.s. when trump imposed a 34 billion-dollar amount of goods, putting a tariff on that, so did china. now they're out of options because the numbers are just inconsistent. that is the thing we need to remember. as of january 24, the shanghai market peaked. it's down 23%. our market peaked three days later and it down 4%. that's the difference. investors are saying hey, china has much more to lose than the u.s. and they are right. >> hard-line trump here's another example. pfizer has reversed course, they raised prices, president trump criticized them and now they've rolled those pricing traces back. hard-line trump won't. >> and by the way, there's some validity to trump's

point. i think there was a medicare study out in march that said prescription drug prices have risen ten times the rate of inflation for over the past five years. that is a huge number. i think americans are really fed up with these pharmaceutical prices going up and up and up. do not sure the cause but the ready for it to stop. trump campaigned on this, as did hillary clinton. pfizer has been a company that has worked with trump, there in his camp but i think they recognize this is just not a politically sound thing for them to do. let's figure out why the system isn't working. i think that is really the issue. there are so many things wrong with our healthcare system in terms of how it gets paid for, how it gets charge, how the american consumer is not better off, et cetera, but this is certainly a starting point and a win for donald trump. >> another one. >> he's doing what he said he would do in a variety of areas and he's winning. >> that's exactly right. i think americans are behind

him on most of these things and i think that's causing the democrats to lose their mind. they're so frustrated. they don't know where to attack him because these positions he's taking on trade , on pharmaceuticals, on so many of these things are basically very popular. >> i just hope you never asked to leave the restaurant. [laughter] that's not what happened. thanks for joining us. again, look at futures and now were down 218 points. that's the loss of the opening bell. foxbusiness, they raise their offer for sky amid talks arrival offer from comcast. those docs are down just a fraction. alphabet facing another multibillion euro antitrust fine. i've got a trivia question for you. which serial brand saw a 20%

increase in sales over the past year? >> cap'n crunch. >> no, don't guess now. you can't tell the audience. it's not cheerios which is what were showing. [laughter] the video is givin making our producer nauseous so we are moving on. a new study finds that the energy used to run your air conditioner could kill thousands of people by midcentury. i'm not buying that. i will ♪ ♪ whole and not and have some fun. chuck schumer says all democrat democrats. [inaudible] that could set the stage for a red wave in the senate. i will explain. newbold, majority of hispanic say they're better off economically today than they were two years ago. here's a question. could hispanics be the next when vote for republicans? the woman who runs the republican party will

respond. you could be paying for that pricey love band yourself. so get an allstate agent, and be better protected from mayhem. like me. ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia.

trade sensitive issue, the biggest leaders include amd, brought come, boeing and caterpillar also on the downside because of the trade news about china. now this. senate minority leader chuck schumer laid out a path to block the confirmation of supreme court nominee bret cavanaugh. he wants to convince voters that his confirmation would undo abortion rights and obamacare. joining us now rnc chair ronna mcdonald. >> it's wonderful to be here. >> i think, i'm going to say publicly that i think there is a red wave coming to the senate because, if you have a vote before the november elections, you will force five

threaten senate democrats because they've got to vote for him. there on the screen right now. >> all these democrats who are hugging president trump and telling their voters we will support the president, they are going to be put to the test because if they will not support a mainstream conservative jurist, they will show their voters they are lying. they're saying one thing and doing another. john tester took out a full-page ad when president trump came thing i support him on all these issues, all work with him so heitkamp, donnelly, mansion, tester, nelson, they're all going to be put to the test. this will be a dividing line for them with their voters. >> it's the timing of the vote that's important. >> yes. >> mcconnell wants to do it by october the first. that means those democrats, they've got to vote before november. >> and remember heitkamp voted for gorsuch but how do they go to their voters and say he was fine but now are going to vote against this great justice in

cavanaugh. i just don't think it's going to work for them. and then, they will make democrats angry if they vote for him. they are in a total no-win situation. they will have to be true to who they are and really actually represent their voters and let's see what they do. are they more loyal to their partisan politics where they more loyal to the voters who elected them? >> you didn't expect to see this, did you, you're having fun. >> i love it. what a great supreme court justice,. >> yes indeed. >> i got a raise this with you. and emerson college poll found that 62% of hispanics believe they are better off now than they were just two years ago. that's a shock to me. how about you. >> it's not just believed, they are better off than they were two years ago. >> but will they swing?

>> yes. first of all, a lot of people don't recognize that president trump got more hispanic votes than mitt romney. then you've seen, of the nine months of total his panic unemployment under 5%, eight have happened under president trump. it's the lowest hispanic unemployment in history for the hispanic community producing it and feeling it and feeling the jobs and the wage increases, and they know because no democrat voted for the tax cuts, they know it's because of president trump and republicans that they are seeing this economic boom. president trump in europe, sticking it right to them. >> i love it. >> he said it when he campaign. he said why are we paying for everything and no one's holding up their fair share of the deal. the nato agreement is 2% of gdp. only four countries did that last year. why do we continue to pay our fair share and nobody else is coming to the table? he's calling them out and everybody started about how we need to have unity, part of unity as being a team player and paying your fair share. >> you been on this program

about a half-dozen times in the past year. >> i love it. >> have never seen you so happy. >> i know, i'm happy. >> just because i'm with you. >> and england is playing today. >> if they are. were going to for england. >> you are? >> i am. i stand in the queue. >> stop it, make it stop. stop it right now. >> i think england will win. i'm a politician. i can't get a spread. >> thanks for joining us. let's get back your money. we are still down. we have about ten minutes to go before the opening bell. how will we close? no clue. all 12 boys plus the coach rescued from the cave. a story captivating the world. hollywood is scrambling to make a movie about it. more varney and some detail on that in just a moment.

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northern thailand. p reflects entertainment is already eking to writers about getting this off the ground. don't forget the miners in chile. a movie came out called the 33 based on that. you have tv shows and books, discovery channel is already ordered a one-hour documentary that will air this friday. this is an incredible story and you will be seeing it everywhere. >> who gets the money. >> that's a good question. we'll figure that one out later when they sign the contract. let's get to the nfl. the players union has filed a grievance over the new anthem policy. the policy is that if you're on the field the infamous played and you then. >> they don't like it. they feel like it violates their free-speech rights. remain see another season of protest. here's what undercuts it. it's voluntary. they can protest by staying in the locker room.

this private property, this is not government owned property. it could be on that taxpayer subsidized some the building but it is private property. when you step on the field your free-speech rights could and at the door. the players union never stood up and said wait a second, what about free-speech for our players who want to change the look of their uniform. they never step up that when players are doing that to basically protest the slaughter of those cops in dallas. the union is on a week putting right now. >> well fed. i think you're right. where are we going when the market opens? were still down about 200-point the nasdaq is down around 60. it's a down day in large part because america proposes new tariffs on china imports to america. big deal. we will be back with the opening bell.

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♪ stuart: all right. we're going to open the market in approximately 40 seconds. we expect a downside move at open of trading. we had a pretty good four days as run-up to this and we may be down this morning a couple hundred points because we're threatening impose on tariffs with trade with china,

specifically 10% tariff on $200 billion of chinese products coming into america. however those tariffs will not be imposed until september. bear that in mind when you're trading today. [opening bell rings] we're off and running. it's a wednesday morning. we'll open down. it is 9:30 eastern time. we're off and running. look at that, we're down 129 points. didn't see that immediately, but got there now. left-hand side of the screen, for benefit of radio listeners, a sea of red. only have got four stocks unchanged. one is now up, the rest on the downside. the dow is off 166 points at this point. just over half a percent. a little perspective. sounds a like a huge drop, a half percentage, 2/3 of 1%age point on the downside, i will be precise. how about the s&p 500? where is that this morning? exactly lower same as dow.

show me nasdaq. see how tech stocks are doing. down 3/4 of 1%. they're doing worse than the general market. trade war back in the news. here are the biggest names with exposure to china trade. caterpillar, boeing, apple, 3m, all of them down, actually 3m unchanged at the moment, the rest are down. how about the chip stocks, they're sensitive too? amd, mike broadcom. amd, advanced micro devices down 3%. micron is down 2%. who is with me on difficult day to analyze? on the left, elizabeth macdonald, back by popular demand. ashley webster is still here. by popular man, the shah ghailani, who has been getting it right you have. stocks are down at opening bell because of trade. would you buy this dip?

if you bought the dip previously you would have done well. >> i've been buying dips. the dow has to stay around 24,000 five hundred. if it gets down to 24,000, i get a little nervous f it breaks that that i'm more nervous. i buy this dip. stuart: just another dip? >> up four days in a row. this is tremendous gains. this is part of the tariff talk. ashley: a self-fulfilling headline loop. we have suddenly a new round of tariffs being threatened, markets drop like they are today. things settle down. more positive comment made, boom, we go pack up again. stuart: guest of honor. what are we doing? >> if it wait a minute for trade war fears, and we're not going into trade war, market was have gotten all-time high. wait until bank earnings come out on friday. fundamentals are strongest as they ever been. we'll see a seesaw back and forth because of headline risk. we're not in my opinion going

into a trade war. liz: earnings, second best in seven years for the s&p 500, this upcoming earnings season. stuart: you agree with everybody else, liz? liz: i'm hearing from market analysts i talk to, buy the dip. stuart: holding the market back, but not pushing it down significantly? liz: yeah. stuart: s&p and nasdaq are positive even after the, into the, after the first quarter when the tariffs were first suggested. okay, so we're up, despite the suggestion of tariffs back, i think it was february. the government says our country, america, set to become the world's top oil producer. this will happen next year, producing more oil than anybody else. russia and saudi arabia included. eddie gabor, should i buy oil stocks? >> i am bullish on oil. i think that with i will be a great space for investors f we're largest producer of oil, that is fantastic-paying jobs in the u.s. helps consumer driven

economy. it is a good thing. part of that opec reduced, we have global demand that is a sign of a strong global economy. liz: trump taking on, right, the eu? they are responsible for more than half, russia responsible for more than half of european oil supply. if our liquid natural gas revolution takes on russia, wow, russia is in big trouble. poland and lithuania don't like what is going on with russia oil supplies. >> international energy agency march forecast the united states next three years will be able to supply 80% of new oil demand globally. by 2023, increase in production of u.s., will be about 17 million barrels per day. ashley: amazing. >> that will stablize prices because we're not dependent on foreign oil. that is position of strength. stuart: i want to buy a pipeline company that pay as high dividend. ashley: texas oil guy said infrastructure is already taking care of those bottlenecks we're

seeing. it will be pump, pump. stuart: dow down 160 we're pumped up. now, listen to this one. americans quitting their jobs at the fastest rate since 2001. i call that flat-out economic positive feedback. liz: makes democrats pie-in-the-sky cockamamie guaranteed jobs schemes, basic income schemes totally irrelevant. when you see numbers like that, people voluntarily quitting their jobs because they can, find another job. stuart: great to see you got. what have you got. >> optimism and confidence. concerned with the labor market is finding more people. who would have thought we would have the problem a few years ago. stuart: one company pinching them from other company, offering them higher wage, everybody wins. >> that will cause wage growth across the board, good thing for the economy. stuart: five 1/2 minutes on trading session wednesday morning. we're down 150 points. we opened down 200. coming back a little, down 150.

fox business parent, 21st century fox, raised its offer for sky, the brittish outfit. the bid tops rival offer from comcast. both stocks down a little. wd 40 gave a not so rosy outlook. the stock is down 2%. anybody know what wd stands for, ash? ashley: water dispersement? stuart: no. [laughter]. >> displacement. stuart: there you go. the other guy with the british accent. water displacement. stock down. who knew it was independent company. you would think they were sucked up by some conglomerate somehow. get to pfizer. it will defer some recent drug price increases the it reversed course because president trump criticized them. president put pressure on them. liz: he did put pressure on

them. pfizer says it is temporary until end of the year, when president blueprint dealing with price gouging middle men i they between medicare and market. the president is stepping in where the democrats doing big government fixes. one attack he get as company to do 180. that is big deal. stuart: remarkable. hard-line trump pays off again at least temporarily. i got it. okay. now this one, alphabet and facebook are facing fines from european regulators. the europeans are at it again. nonetheless, alphabet, that's google, up just a fraction. facebook at 203. they're teflon stocks. nothing hurts them. >> they generate so much cash, so much profitability, nothing really is going to hurt them. as far as eu, fines, facebook is facing relative fine tip money for them. i don't think it will affect google alphabet either. stuart: eddie, i don't think i

asked you before, do do you like big tech stocks? >> i love google ahead in the a.i. space. that is the future of technology. whoever wins in the a.i. space will be the leader. i think google will be a winner there. stuart: what is google doing with artificial intelligence that turns you on? >> i think the entire space shapes how all companies won. people talking about looking for skilled labor. eventually artificial intelligence will have people, robots in there working 24 hours a day helping with production. anything that we see and touch right now, artificial intelligence is going to play a big, big role in it. the future is very bright in that space. stuart: google is your company for it? >> yes. a lot of investing. 50% increase in investing in the a.i. space over next 12 months, got it. now this, apple reportedly going to discontinue the iphone se and the iphone x. not going to do it again.

rolling them out of the business this, this next year i think it is. what is this? to make up for pent-up demand for upcoming iphones, getting rid of the 10. liz: people don't upgrade. they are sitting on phones like never before because the high price point. stuart: that is huge retreat. ashley: supposed to be their signature whiz bang phone. >> that is part of the problem with 999-dollar phone. if you look at numbers, in terms of apple, it hasn't impacted sales. iphone 9 and 11, and 11 i think plus, increasing product line. a positive for them. stuart: did we answer the question that we posed before the break which is -- ashley: which one? stuart: which cereal has gone up 20% in sales? liz: captain crunch. ashley: count chocula. stuart: lucky charms. hon your screen right now. ashley: marshmallows. stuart: 20% increase in sales in the past year. i thought everybody was supposed to be eating healthy.

liz: deliciousness in a box. stuart: lucky charms. liz: somebody said like eating paint. ashley: that's fruit loops. stuart: doesn't that surprise you? liz: marshmellows for breakfast. can't beat it. stuart: eddie gabor arrived in the studio with his family. we have two young sons right over there. i'm not going to ask them if they ever have lucky charms. i'm going to ask you, if you ever bought them? >> yes. as a matter of fact i had lucky charms as a dessert couple nights ago before i went to bed. stuart: you're honest. time's up, ladies and gentlemen. 9:40 eastern time. thank you, eddie. did we get camera shot on young lads? i think we did. the gabors, ladies and gentlemen. there you have them. welcome to the program. welcome to fox. if you're not careful, you could have this job [laughter]. check that big board. we're down, but not that much. not as much as we were when which started the show.

down 13points. half a percent. a minor dip. stuart: our guys say buy it. facebook testing new augmented reality ads. instead of showing you a picture of sunglassed they can show you, what you would look like wearing them. we'll explain it for you. fbi lawyer lisa page defying a subpoena. she says she will not testify before congress. supposed to be today. she is not going to show up. that pop -- judge napolitano on that next. your mornings were made for better things than psoriatic arthritis. as you and your rheumatologist consider treatments, ask if xeljanz xr is right for you. xeljanz xr is a once-daily pill for psoriatic arthritis. taken with methotrexate or similar medicines, it can reduce joint pain, swelling,

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stuart: 13 minutes in. we're down 139 points. that is 1 1/2 of 1%. next case, nvidia, this is interesting. it is going to test a fleet of

robo taxis. tell me all about it, nicole? >> how do you like that, right? robot taxi shuttle services with augmented service, and also level 5, which would be fully autonomous. nvidia on a conference call today, so this is breaking today, saying this is all happening very soon. it is a deal between n have you had yaw and also daimler and auto parts giant bosch. they're testing robot taxi projects happening in california. tests happen within a year, less than a year. they will use a.i. chips to power the fleet level 4, aand level 5, that would be fully autonomous. you may see the shuttle services in san francisco, in silicon valley area. watch for those. back to you. stuart: nicole, i will call that gee whiz. i call this gee whiz stuff as well. facebook, they're testing what's called augmented reality ads in

their news feed. ash? ashley: look, there is the example on the screen for you. you can try on sunglasses, your virtual sunglasses, see what shapes look good on you, so on. means you don't have to do it in the store. figure out what you like, what looks good for you, order online. you don't have to leave the house. >> can i see what varney would look like? ashley: stu, try your makeup online like that. that would be good. a diet company say by using augmented reality, moving as opposed to static commercials, their sales go up by 77%. there is a lot of, there is a lot of belief these types of ads are very effective. stuart: all right. next case, that would be the president tweeting about the fbi scandal. this is from yesterday, okay? i'm on air force one flying to nato. i hear reports that the fbi lovers strzok and page are getting cold feet about testifying, about the rigged witch-hunt, headed by 13 angry

democrats and people that worked for obama for eight years, total disgrace! napolitano is here. he was right. she is not going to show up. >> it is quite surprising a lawyer would refuse to recognize a subpoena because the consequences for a lawyer could far exceed what a congress could do. she could jeopardize her right to practice law. congress rarely enforces things. they will probably give her another day. she hasn't seen the documents congress will interrogate her b you or i wouldn't want to be intear gated about documents we haven't seen. who has the documents? her former employer, the fbi. there is adversity between her former employ other, the fbi. stuart: i want to know how the whole investigation russia, russia, how it started in?

>> you will probably find out tomorrow. stuart: do you think? >> strzok is testifying in public tomorrow about this. stuart: do you think he will answer and any all questions? >> they instair gated him 11 hours in secret. they have a road map what he will say. the interrogation she rejected would have been in secret. you heard me until you're blue in the face, i condemn secret interrogation, you get republican spin, democratic spin. let the interrogations be in public. let us all watch and form our own judgment about believability of the witness. we will be able to do that with peter strzok tomorrow. eventually with her. stuart: there is suspicion on part of many people in america, that russia, russia, investigation was a put-up job. >> yes. stuart: it was a political job. >> when i say yes i'm agreeing with you, there is suspicion on part of a lot of people who are represented by members of congress who want to get to the bottom of it. one of the ways they get to the bottom of it by intear gating people that were present at creation, two of whom are these

two folks. stuart: are we going to get the truth? >> strzok is still an fbi agent, limitations on what he can say. page no longer works for fbi. no limits what she can say. stuart: wait a minute, strzok is employ eve of the fbi, there are limits what he can say. >> this will rankle you, a top security clearance. stuart: he has access to the computer system? >> yes. stuart: he can go all the way through do what he likes. >> he can't change things, that would be a crime. he can look. stuart: that is outrageous. >> complaint should be brought to chris wray, who runs the fbi. stuart: who works for president trump. >> yes, yes. stuart: oh. >> the president could change this with a phone call if he wants. he knows that. stuart: really? >> he could say to chris wray i don't think peter strzok needs security clearance anymore, do you, mr. director? stuart: i don't get it? >> they just haven't gone there. i don't get it either. he is working in hr, but still has security clearance. stuart: okay. i'm going to leave it. >> this is an, only in america,

i think so. >> yeah. stuart: only you lawyers could -- >> i don't think agent strzok is a lawyer. stuart: he is represented by several i'm sure. >> as you or i would be if congress were after us. stuart: i then yes, might like lawyers a little more. >> not much. stuart: all i want is the english rule, loser pays. >> who would be the loser here? this is congressional investigation. no the adversarial proceeding. stuart: if i sue you for something i pay your fees and mine. >> would love you to pay my fees. stuart: check the dow 30, why don't you bless. still preponderance of red, quite a lot actually. 25 of the dow 30 in the red. they're down. new study, it says your air-conditioning may be a mass killer. great headline. i think some explanation required andnd you'll get it.

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crowne plaza. i'm 85 years old in a job where. i have to wear a giant hot dog suit. what? where's that coming from? i don't know. i started my 401k early, i diversified... i'm not a big spender. sounds like you're doing a lot. but i still feel like i'm not gonna have enough for retirement. like there's something else i should be doing. with the right conversation, you might find you're doing okay. so, no hot dog suit? not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. stuart: president trump speaking moments ago at nato. he says he believes trade will increase with germany. he said it. much president trump and angela merkel discuss military spending, trade, and immigration or migration issues i should say. trump says he also raised the

subject of the russia gas pipeline with angela merkel. the market, the dow, still down 150. a study finds, wait for it, increased air conditioner use will lead to nearly 1000 extra deaths and cost the economy $9 billion every year by mid-century. joining us now, climate depot.com founder, mark merano. let me see if i got this right, mark. it is not the air coming out of the air conditioners. it is energy required to cool the air, so much that it increases global warming and kills people. that is the way this is supposed to work out, correct? >> yes, it is. even been calls, because of this alleged crisis to ration air-conditioning. the problem, even if you buy this study, which actually says quote, uncertain computer model estimates, unquote, which is going by the year 2050, if you look at actual data, in 2003, in the month of august, in europe, 35,000 people died, 14,000 in

france alone, from a heat wave. widely blamed on the fact they didn't have enough air-conditioning and air-conditioning wasn't widely available. so as we go forward, you look back to the 1930s, thousands died in heat waves. heat waves kill. air-conditioning saves lives. what is interesting in europe as well, they are actually now trying to ration heaters in the winter, by increasing electric bills. huge number of senior citizens in england that die every year. this is classic dilemma of humans allegedly causing global warming. humans, by dealing with it, they have air-conditioning. now we have the whole thing where the air-conditioning, instead of being available will be restricted to prevent global warming which will cause more lives. stuart: the public will not buy this. if this is ever put to a vote, we're not going to vote for it. i just can't see that how about you? >> no. that is the problem. these are never put to a vote. these are usually done in the back corners of bureaucracy,

little things called the clean power act that obama, oddly named clean power act that obama administration passed trump is now trying to undo. they all happen behind the scenes in bureaucracy, as you slowly get strangled, slowly people ask why is air-conditioning so much, heating so much, i would not discount their ability to achieve these controls. our ability to control indoor air is phenomenal. we can heat and cool. ability to control the outside air, climate, weather, temperature, are poorly understood, not even possible. harkens to medieval witch scratch to think your air conditioner -- stuart: mark, you got to right again. see you, sir. forget the blue wave. anything more like a blue trickle. here comes the red wave. i'll tell you whoo that's all about with my take next. relentl.

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. stuart: is it possible a red wave coming to the senate? the republicans pick up seats? increase their majority? is that possible? yes, it's possible, and because of judge kavanaugh, it is probable. time for an explanation. there are five democrat senators who are up for re-election in november. each comes from a state that went for trump. their party leader, senator schumer, demands unity. a no vote on judge kavanaugh across the board. but that vote will likely take place before the november elections. oh, dear, that is a problem. how will those senate democrats vote against a supreme court nominee who is popular with their voters? that's political suicide. so democrat senate leader schumer is asking members of his own party to give the republicans a bigger senate majority. senator schumer's boxed in. if he gets a no vote from all those democrats he loses seats.

if he let's them break ranks, base will never forgive him and the far left will make bigger gains within his own party. senator schumer is the consummate politician and a very intelligent guy. did you know he got a perfect s.a.t. score? but he's been outmaneuvered. archenemy trump is going to get kavanaugh. forget the blue wave in the house, the red wave in the senate is going to make headlines come november. the second hour of "varney & co." is about to begin. . stuart: all right, we're coming back a little. we were down hundred at the opening bell, now down 146. the market hit by tariffs on chinese products coming to america. that's the threat that's hurt the markets. caterpillar, boeing, apple, 3m,

that's the kind of company which will be hit if those tariffs are eventually imposed. how about the big tech names? what's happening with them this morning? a mixed bag. we've got facebook and amazon up, apple down, alphabet up, microsoft down. no big movements for any of them. the price of oil at the moment around 74 -- 73, i'm sorry, $73.43. around 30 minutes the latest news how much oil we've got in storage in america. we should tell you that as of next year, america will become the world's top oil producer. that's going to affect the market and the price. back to my editorial, top of the hour. these are five red state democrat senators up for re-election in november. facing strong challenge because of judge kavanaugh. joining me is former deputy assistant to george w. bush, brad blakeman. flat-out, i see a red wave

coming in the senate. you are nodding your head. with are you with us on on this? >> as we approach the hearings before the election. the american people are going to be looking for fairness. the five states you mentioned that went for trump, they're also looking for people who have their views to get a fair hearing and get a fair shake from their u.s. senators. so i think you're right. schumer is stuck between a rock and a hard place. if he demands total unity and no shake in the armor in the senate. he believes in process, they believe in process, they believe in a system of justice that is equal to all who go before them. and the unity is going to be the thing that is the achilles' heel that will bring them down. stuart: brad, i think we should give kudos to senate leader mitch mcconnell. i think he's outmaneuvered chuck schumer, if he gets the vote by october 1st, he's forcing senate democrats to

take a side. he's outmaneuvered schumer. >> there is truth to that, 100%, the other thing he's done is he is required now that the hearings take place, required that a vote take place before the supreme court sits again in october. so there is no getting around it. democrats have no option, and their only option right now is to resist. american people have had enough of resistance of the president and congress. stuart: what about the other side of the coin which is the blue wave, which is supposed to hit the house, the democrats retaking control of the house? i think it's become, if anything, a blue ripple. what say you? >> i agree with that. look, since the civil war on average, the party that controls the white house loses 33 house seats and 2 senate seats. we can't afford either. but i will say this, democrats are overplaying their hand in resistance to the and the what we're seeing with brett kavanaugh.

the american people like what they see. they like the tax cuts. they believe america is moving in the right direction. right track-wrong track is where it should be. president had resounding success on the economy, sticking it to our adversaries. if i were advising the rnc and those up for election and re-election, i would tell them this, the slogan should be, you can't argue with success. we are much better off today than we were under democratic leadership. stuart: i got about 30 seconds, brad, i want to bring you into the discussion taking place in europe. our president has gone over there and surprised them. he stuck it to them at that meeting this morning. really giving it right at them. do you approve? >> oh, my god. i was cheering. the fact the cameras, the banter between the nato secretary and the president telling the grievances, putting them on the table. we're protecting you against russia yet you are tying yourself to russia economically? this is crazy. by the way, you're not paying your fair share.

the president is finally sticking it to people who have stuck it to us on trade and defense. stuart: i like your use of english there. brad blakeman, thank you very much, sir? >> thank you. stuart: get to the markets. we're down 145 points, about a half percentage point. that's not a huge drop, and it's because of the possibility of extra tariffs being imposed on chinese goods coming to market. let's bring in christian. christian, we've seen this before, trade jitters, market goes down, bounces back. same thing now? >> i think so, stuart. the market is trying to digest the latest volley. a game of tennis between president trump and china. president trump served, china volleyed back, now president trump got his cannon out and hitting a very stiff one back to the chinese. markets initially pulled back and said wow, 200 billion? but i think this is a process.

this is negotiations that are happening, and ultimately i think this will be resolved and the market will rebound. stuart: okay, on our screens, i don't know if you can see it. boeing down, caterpillar down. they are traditionally the stocks that sell off in trade jitters but also bounce back. so would you go out and buy caterpillar and/or boeing today? >> i think i'd wait a few days, stuart. i'd like to see what comes out in terms of the list specifically on the $200 billion tariffs from the u.s., and i'd like to see what china does in retaliation. at that point, i think there could be more fear in the markets, and you may be able to scoop some of the stocks that are most impacted at better prices. stuart: by the way, the tariffs would not be imposed until september. we've not yet heard from china about any kind of retaliation at this point. another one for you, christian. morgan stanley just downgraded big tech because they think

there may be a sell-off coming in those big tech stocks. would you make the comment? would you say that the rally in big tech is now over? >> i would not, stuart. i think the rally in big tech is going to continue here. we're going into an earnings season that will be very strong, technology likely, many of the companies up 30% year-over-year in terms of earnings. i think that's where the growth is. certainly a lot of the momentum. morgan stanley pulling the hand brake and saying better get defensive and go into stocks like utilities, consumer staples, but too early of a call at this point. stuart: hold on a second, you just said something very interesting there. you could see 30% increases in profits in the current quarter over the same quarter last year. that is huge! >> that's massive. and ultimately there is sentiment on a daily basis in the markets because of headlines, but over the long period of time, this is a market of stocks. their earnings numbers really

matter, and the u.s., companies in the u.s. are doing quite well, a great earnings season coming up. that's going to counteract some of the trade talk and that's going to be the last thing we remember years from now, what did earnings look like and we think they're going to be quite strong for the companies here in the u.s. >> quite strong, sir, that is an understatement. if you get a 30% jump in profits for the big techs, you have a good thing. christian, thank you very much, sir. i have a feeling the market is what i would call on hold. down 150. what we've got now on the screens from brussels, that is earlier today. that's president trump meeting at the nato headquarters. the leaders of the 29 nato states. they're conducting a little tour of the new nato building. >> a family photo. stuart: as you might say, yes. i'm not sure that's scrambling to be close to be the president. they are around there. >> the president is supposed to have a side meeting with angela

merkel and france's macron. he came out of the box saying if you want to get off of russian dependens and fear of russia, buy more u.s. oil. right out of the box. he went right tat. stuart: now, i've got some headlines coming out. you can put that on prompter, i don't have it right now. show me what the headlines are coming from president trump. i don't have it. okay. he's meeting with angela merkel right now. president trump has said we have a great relationship with angela merkel, with germany, i should say, even though earlier this morning he said, and i'm going to quote directly here, the president said germany is captive to russia. he's been making some strong statements this morning. president trump taking a very hard line with our allies in nato and with our allies in europe. moments from now, i'm going to get the actual tape for you. it's coming in as we speak, i'm going to sort it out

technically. we're going to show you what the president was saying, how he was saying it and what the response was. i think we've got tape from the meeting with angela merkel. that's what we've got. counting down the seconds to when i can actually show you this tape. believe me, folks. roll it. here we go. >> we're having a great meeting and we're discussing military expenditure. we're talking about trade. we have a very, very good relationship with the chancellor. we have a tremendous relationship with germany. they've been tremendous. they've been a tremendous success, i congratulate you. tremendous success, and i believe that our trade will increase and lots of other things will increase, but we'll see what happens over the next period of a few months.

[ speaking foreign language ] >> let me say that i'm very pleased to have the opportunity to have the exchange with you and have an exchange about economic developments on especially migration and the future of our trade relations. we also touched upon the interests of the president, and i'm very much looking forward to further extending in the future and it's very important to have the exchanges together because we are partners, we are good partners and wish to cooperate in the future. >> okay, thank you very much,

everybody. thank you. stuart: okay, that was a little scrambled there. but president trump clearly taking the hard line. that's the meeting right there. >> angela merkel is pushing back on the president saying germany is not captive to russia, we are independent, not totally controlled by russia as the president alleged. he was talking about the oil supply coming out of russia and germany does get a -- europe's entire oil coming in, 75% of energy does come from russia. listen, she went personal. i grew up in east germany, i know what it's like to deal with authoritarian regimes and the influence. stuart: is that a dig? >> dig at trump. stuart: i was looking at the facial expressions. >> he looked like a little kid at the christmas table, didn't want to be there, but is, because they walk a tightrope in europe. they don't like donald trump, but have to be seen standing next to him, smiling, shaking hands at events like this.

they're going to have conversations about the economics about migration, and we know what mr. trump thinks about migration issues and we know angela merkel has done regarding migration issues, not to be a fly on the wall for that one. stuart: that picture looks frosty-eyed. >> a little. stuart: blake burman is live in brussels for us. blake, what do you think? reporter: we were anticipating the president and what he might say on defense spending, trying get more defense spending out of the nato nations is the main headline coming into this day. all of a sudden this morning when the president had breakfast with the head of nato jan stoltenberg, different than germany, energy deal with the russians, and the president questioned, well, what does that have anything to do with the best interests nato? and all of this meeting that you heard with angela merkel became the center point. a lot of the focus how it would go between the two. listen to the comments that

president trump made earlier today to the head of nato about this german-russian energy deal. watch.. >> how can you put together what a country is getting energy from, is the person you want protection against. >> because we understand when we stand together also and dealing with russia, we are stronger. i think what we have seen -- >> no, you're just making russia richer. reporter: and those were two allies speaking tat with each other, stuart at nato. liz went over the reaction which angela merkel said that i've experienced myself a part of germany controlled by the soviet union and can therefore say we determine our own policies and make our own decisions. merkel kind of pushed back on it a little bit. when these two go behind closed doors, see if this becomes a major talk point or if the

president decides to go to the 2% defense spending or potentially one of the other handful of world issues the two can talk about as well. stuart: oh, to be a fly on the wall, blake burman. gotcha. thank you, blake. we'll be back later i'm sure. >> joining me white house senior communications adviser mercedes schlapp. you've seen the proceedings, what's going on. i've got one criticism. not from me but from one of our guests on the show. criticism is that president trump has been nice to our rivals and nasty to our allies. he has indeed taken a strong line with the europeans, a strong line with nato. what do you make of this? >> i respectfully disagree with the guests. i feel when you look at the fact that president trump, look, he's going to be an honest broker here. he has seen for decades after decades that those countries who are part of nato have not paid their fair share. so he has basically come and said, look, the u.s. is paying

4.2% in terms of our gdp for defense and helping to strengthen nato. we see only 8 countries out of about 28 countries that meet the criteria, meeting commitment and paying for nato. he's basically saying to the other nations it's time for you all to pay as well. germany gets to about 1% or so in terms of gdp payment of what they do for the defense. so this is something they think the president is just making sure. he's just making sure he is sending his message very clearly when he goes to nato and shows very strong leadership on the part of the president in delivering a very clear message he has been saying not only this year but last year when he went. stuart: yeah, sticking to hard line, vis-a-vis europe and nato and hard line with china trade. we had the announcement this morning, mercedes, that we may impose 10% tariffs on $200

billion of chinese products coming to america, that that might not be imposed until september. the hard line continues in almost every respect, doesn't it? >> again, we have to think about our history. it's decades and decades of a trade system that's been broken. decades and decades of china taking advantage of us, having abusive trade practices when it comes to the issue of intellectual property and our technology. the fact that we have seen under our investigation the one that ambassador lighthizer initiated with section 301, basically saying what we have found is the fact that they have been stealing and transferring intellectual property, which, of course, as we know is such a cornerstone of our economy and what we need to ensure that we continue to have a very strong economy. this is about a fair playing field, level playing field in terms of trade and what president trump is ensuring is that again, we move towards fair trade, freer markets and

prosperity, and china needs to come on board and do that with us. we haven't seen that happen so far. stuart: i just don't think that the europeans or any other foreign leaders are used to this president and his style. i mean, that dialogue between president trump and stoltenberg, the nato secretary-general, that was just classic. trump went right on the attack, and the nato guy was just not expecting this. he was kind of blustering there. i don't think they're used to it. i don't think they'll ever get used to it. >> well, i mean, you come from europe, stuart varney, you can speak on behalf of the europeans as well. but i think when you look at the nato secretary-general, one of the things he mentioned is that these countries do need to invest more. so he did agree with the president on this, that the fact that the other nations have a responsibility. if we're going to continue to fight against the transnational terrorist organization, the

jihadist terrorist, if we keep russia and china in its place and ensure we stay focused on controlling these rogue states of iran and north korea, we need our nato allies to invest, and invest in nato, because that's how we come together. that's how we ensure that there is that separation between those who favor repressive societies and those that support freer societies. we stand with the freer societies and expect our allies to do the same. that means they have to put their part and have to invest. stuart: i've got to wrap it up, i would not be surprised if president trump did not come away from britain with a trade deal. we'll see. mercedes schlapp, thank you for joining us on a busy day. president trump called it, former fbi official lisa page, she is not going to testify today. she's defying a congressional subpoena. wonder what jason chaffetz thinks about that? he's with us later this hour.

and the producers are letting a world cup segment on this program? why? england goes for the final at 2:00 p.m. eastern today. a semifinal match. if they win, they go to the final. i just said we, okay. okay. okay. it's temporary identification with the brits. it won't last. jason whitlock, let's see what he's got to say in a moment. ♪

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this. reporter: former governor palin thought she was participating, in her words, in a legitimate historical documentary, and the comedian sarah baron cohen said he was a vet, apparently in uniform, fake wheelchair included and sarah palin upset about it. she posted this on cohen. you got me, sasha, i have fallen victim to the evil exploitative sick humor, which she put in quotes and basically saying look, mock politicians if you like, mock public figures but do not mock those who have served for the u.s., in the u.s. military. she has a very strong opinion about this, as far as the series, it is called who is america? and it's going to be carried on cbs viacom and then in the uk

on channel 4. but obviously in this larger context, stuart, where i am here in sun valley, content media, next step forward, les moonves is here, ceo of cbs fighting for control with shari redstone of viacom. stuart: love to see cbs guy asked questions about sasha baron cohen on his air mocking disabled american vets. love to see that question. thank you very much, deirdre. see you later. coming up, trucker shortage. something we've been discussing on this program. a congressman is trying to fix it introducing a bill that would allow 18-year-olds to become professional truck drivers. 18-year-olds? president trump is meeting with russian president putin, isn't that what reagan did with gorbachev? we will have a reagan author with us soon.

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♪. stuart: yes, we like this one. we can work it out. thank you, actually. >> we can work it out, stuart. stuart: we can work it out, liz, do you approve of this one? >> yes, i do. stuart: check the big board, we're coming back. market open one hour exactly. down 200+, now down 121. how much oil do we have in storage? >> whoa, down 12.63 million. 12.63 million less barrels in storage. it was triple the estimate of going down. look at that oil going down. look at that. here's the thing, this is the fourth drop in the past five weeks. you know you wonder opec is saying are we hitting the cap in oil prices because demand is

going to slow and productivity is going up. look at that drawdown. 12.63 million barrels less in storage. stuart: we did use 12 million barrels. that's the other side of the coin. >> things were humming along. stuart: that means we're doing well in the economy. oil goes up in price and the market comes back a little from low of 200 down. okay. >> interesting. stuart: it is. it really is. good stuff. you got to watch this program for lot of action news. big tech names, where are they when the dow is down 100 points? we've got, facebook is up, apple up $1.38 there, alphabet is up, microsoft is up. all across the board, big tech is higher. the president meets in helsinki with russia's vladimir putin next week, and it's drawing comparisons to president reagan's meetings with gorbachev in the 80s. joining us now the author of

the book, the brink. president reagan and the nuclear war scare of 1983. mark embinder is with us. all right, mark, the president's critics say he's being nasty to our allies and nice to putin. isn't that what reagan did with gorbachev? >> to a point, stuart, to a point. and there are absolute similarities between president reagan and president trump. certainly president reagan was not afraid to upset the applecart when it came to nato. the u.s. imposed unilateral sanctions against companies doing business with the then soviet union over an oil pipeline, if you remember after the polish martial law crisis. and certainly both came to power after a revolution in their party, and certainly both have ways of believing that if they can go into a room and sit down with someone, they'll be very persuasive and they can

talk people into doing whatever they want. the primary difference here is one of purpose, which is that under nato, under president reagan, there was a unity of purpose, and here i would venture to say and seen this earlier with some of the footage this morning, nato allies have no idea what president trump wants out of putin. they are looking for that, they're looking for that degree of certainty. stuart: what do you think president trump wants from putin and this particular meeting? >> it's a very good question because he has kept his cards close to the chest. i think he wants to develop the type of relationship with putin that will allow him in the future to make grand deals, to renew, for example, the start of courts, to formally end world war ii and settle some of the disputes japan has with russia and other places, and i

think to establish the basis for a bilateral trade deal. i think president trump thinks if he develops a friendship beyond what's happened before. . stuart: strong position? >> i'm not one who necessarily believes that history repeats itself, and certainly that similarity is there. i will say that one big difference, and i think it's important to point out, which is that reagan had read and studied a lot about the soviet union. had spent years writing about it and studying it and had a

significant -- by the time he met with the soviet leader, they kept dying on him. by the time he was ready to meet with a soviet leader, he understood intuitively what russia wanted. i don't know if president trump understands intuitively what president putin wants. stuart: in less than two years he's been in the oval office. marc ambinder, thank you for joining us on an important day. >> of course. stuart: new images to check out of the boys who were rescued from that cave. they're in the hospital, obviously. looks like they're in good spirits, waving to the cameras on occasion. >> they are wearing the green surgical masks. in isolation unit for seven days. doctors say when they came out of the cave they were weak, malnourished and possibly susceptible to germs once they come out of the cave. they also had to put on glasses. they've been in the dark environment for so long but

they are recovering well. three of the boys have a slight lung infection, keeping a close eye on that, again, they have to stay in isolation for seven days before they can be reunited with their families. stuart: everybody wants to make a movie. >> absolutely, a hollywood production company in northern thailand talking to actors and writers, there's going to be films, tv specials, documentaries, books, you name it, a remarkable story with a terrific, happy ending. >> that's good, ain't it? >> yes. stuart: the top of this hour, i said maybe there's a red wave coming to the senate. in other words, republicans would pick up seats, a red wave into the senate. as for the house, our next guest predicting a blue ripple. not a wave, a ripple. nick johnson is with us, axios editor in chief. are you sticking with the valued judgment. a blue ripple, not a wave.

>> absolutely, i promised i'd come back when we have the next senate poll, our assumption hasn't changed. good news for democrats, particularly jon tester and joe manchin. we're looking at democrats having two high hills to climb to take control of the senate and republicans can gain a seat. stuart: hold on a second, let me backtrack for a second. the blue wave they was referring to, i think refers to democrats taking control of the house. >> that's right. stuart: the red wave that i'm talking about is republicans holding onto their control of the senate and increasing margin of win by a couple of seats. just refer to the red wave in the senate. is that going to happen? >> that could. what we did on the poll which is interesting, interactive graph can you play on axios.com right now, where we look at different assumptions on voter turnout. people picking one way, voters come out and we guessed wrong. on this one we gave viewers and

readers the five ways to look at it. the most optimistic scenario for republicans, they could gain four or five seats. there's a gap here depending how the voters turn out in november, that could lead to a gain of 1 or 5 republican seats in the senate. >> you are looking at all of the scenarios, possibilities, look to increasing the republican presence and the number of seats in the senate, correct? all of them. >> the most optimistic democratic scenario we had, had republicans gaining one seat. democrats have too many seats they are defending right now. stuart: is this largely because of the kavanaugh vote which is probably going to take place before the november elections which really squeezes red state democrats up for re-election like manchin in west virginia, like heidi heitkamp and so on and so forth. >> it's true that the kavanaugh vote is going to play a big role in this. democrats are caught between a

rock and a hard place. democratic progressives hammering them to vote no. if they vote no, they have taken in a state that backed trump. stuart: boxed in, i should say. nick johnston, thank you for joining us. >> thank you. stuart: what's coming up? the candidate challenging maxine waters. she's been in office for almost 30 years. now she's facing a republican opponent. he's going to tell us how he plans to take her on in november. in the next hour. first, a moment i've been waiting for, the producer is finally letting me talk about soccer. at 2:00 p.m. eastern time, england plays croatia in the world cup semifinals. jason whitlock, next. when my hot water heater failed it rocked our world. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they took care of everything a to z.

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and advice to help find the best senior living communities across the country and it won't cost you a cent. this is a free service. call today. a place for mom. you know your family. we know senior living. together we'll make the right choice. . stuart: the supreme court can claim the confirmation process, that's a moment of truth for red state democrats. rnc chair says they're caught between a rock and a hard place. take a listen. >> heitkamp, manchin and donnelly voted for gorsuch. how do they say gorsuch is fine but we're going to vote against this great justice in kavanaugh? i just don't think it's going to work for them, and then they'll make democrats angry,

the democrat base angry if they vote for him. they are in a total no win situation. they're going to have to be true to who they are and represent their voters. let's see what they do. are they more loyal to partisan politics? bosses of schumer and pelosi or more loyal to the voters who elected them? late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices.

. stuart: president trump is meeting with the president of france, emmanuel macron. france and the u.s. have a tremendous relationship. now they talked about trade, they talked about nato. messier macron spoke in french. president trump jumped in and joked. he didn't know what he said, but it was beautiful. ashley? [laughter] >> ashley is laughing at that one. president macron says he will continue to work together with president trump. we're getting some tape on this. we'll bring it to you shortly. >> beautiful, beautiful. stuart: the national retail federation not happy about tariffs which have been proposed for chinese goods coming to america. on your screens now, the apparel makers, lot of merchandise is made overseas, all of them on the downside. lauren, abercrombie, l brands, down today. all right, the nfl, the

players union filing a grievance over the league's new anthem policy. joining me is speak for yourself host jason whitlock. welcome back. always good to see you, sir? >> great to see you, stuart. stuart: now i don't think that the nfl, the players union is acting in the best financial interests of the players. they're saying they disagree with the new anthem policy. where are you coming from on this, jason? >> totally agree with you. i don't think the head of the nfl players union is acting in the best interest of his players. look, i keep saying there are 1700 nfl players. i would love for them to release a poll of the players, how many of them care about this national anthem issue? i guarantee you it's less than 100. he's not doing the bidding of the overwhelming majority of his union base. the guys in the union want to make as much money as possible for playing a high-risk, exciting game.

they don't want to use the nfl as a platform to address police issues. they can do that at city hall. so i think demore smith is out here on a boondoggle. i don't understand why he's dragging the issue back up and fighting the nfl. it's not in the best interest financially. not in the players' best interest in terms of their brand. this is the wrong place. to have this dispute over the national anthem irritates your customer base is just bad business. stuart: jason, i've been following you, i've seen some of your opinion pieces on fox sports and i know that you disagree with what's going on with football and the anthem. my question to you right now is, what proportion of people in the football world agree with you? >> oh, i think in the football world, the overwhelming majority. i think over twitter and social media, that's rigged to create dissent and chaos and divide

people, that percentage, i can't speak to, i can say there's a handful of players trapped by twitter and social media and want to appeal to that base, but that base isn't their customer base. that base isn't the people filling up the stations. that base is the people that tune in sundays and treat football damn near like a religion, they are irritating the hands that feeds them. stuart: precisely. let me switch to soccer, world cup soccer. have you been watch anything of it? tell me the truth, whitlock. >> what do you mean have i been watching it? we tweeted about it on the show. we shoutout to you. a few times. your squad plays today. look, man, sterling is the star today. i know you brits are hard on him. you want him to show up. stuart: it's about time, jason,

about time. mr. sterling has not distinguished himself thus far, we live in hope he will do it today. who do you want to see in the final, england-france? >> england and france, of course. stuart: who do you want to win? >> i want england win to, i guess. stuart: what do you mean, you guess? >> i like both squads but if i had to choose, i guess i would choose england. i want to be on the same team as you occasionally. stuart: that was the truth, whitlock, again, have you been turned on by this world cup? the standard of play has been very, very strong. >> the greatest world cup ever, the only thing that could be better is if america was in the world cup. we would have kicked your butt had we been there. this is the only thing that made it better, exciting, harry kane has been tremendous. ronaldo when he was there and they were playing well, he was tremendous. there's been upsets. russia run with a great story line. the world cup has been awesome.

stuart: but i bet there's one thing that you and i agree on that we don't like about the world cup, that is the play acting. the diving. >> neymar made a fool of himself. stuart: he did. >> made a fool of himself and hurt himself with brazilian fans. we have the issue here with lebron james and the nba and all the fake acting and taking a dive and don't like it in the nba, but it does not compare to what goes on in soccer and what neymar did to reputation was embarrassing. stuart: it was indeed. always a pleasure to have you on the show, jason, i'm serious about that. come on next week after the world cup is over and we'll discuss it more for one last shining moment. >> varney, you agree with me, america would have kicked england's butt if we played? stuart: actually i do because i am an american citizen. take that. >> see you next week. stuart: thank you, jason. good stuff. president trump called it former fbi official lisa page is not going to testify today.

she's defying a congressional subpoena. what will jason chaffetz say about that? we'll find out because he's next. he's gonna get mine -but i'm gonna get a new one. -oh yeah when it's time for your old chevy truck to become their new chevy truck, there's truck month. get 18% of msrp cash back on all silverado 1500 crew cab lt pickups when you finance with gm financial. that's $9,000 on this silverado. plus, during truck month make no monthly payments for 90 days.

. stuart: it's on its way, i promise, literally seconds from now, we'll show you tape of president trump meeting with the president of france emmanuel macron.

we know that president trump made a joke about president macron speaking in french and how beautiful it is even though our president doesn't understand a word. we hoped to bring you that tape any second now. there's a backdrop to this and much more serious, and that is that our president is taking a very hard line with the europeans. all across the board. he's already said, look, germany is captive to russia. he's saying that about angela merkel. he's saying you've got to stop paying up for your defense and cut the surplus you have with us on trade, and now the tape -- . >> the president of france is doing a terrific job being the president of france. changing a lot of things around and i think it's going to be very successful. we have a tremendous

relationship. we're discussing trade, and we're discussing nato. we're discussing a lot of different things and hopefully in the end, it will all work out. so it's great to be with you. [ speaking french ] >> it sounded beautifully, i have no idea what he said. sounded great. [laughter] >> i think the same.

[laughter] >> one year ago, [indiscernible] . >> the 4th of july and we worked together for 12 months now. >> sure. >> and did some decision snoz we made some world decisions. >> and work together. >> that's right. thank you very much. reporter: [indiscernible] . [laughter] >> thank you. thank you very much. >> i think the tape is about to run out. let me jump in quickly here. you have seen an american president like that relate to any european leader? >> classic, classic donald trump. stuart: i have no idea what he said but that was beautiful. jason chaffetz former utah congressman with me.

you are all-american, okay, i'm a refugee from europe turned american. what do you make of our president going over there, sticking it to him, giving a hard line and handling this kind of event like it's a town hall meeting? what do you make of this? >> i mean, this is why america is just more and more supporting donald trump. that's exactly what we wanted when we elected donald trump, the president of the united states. maybe should have brought melania along, she speaks nine languages or something like that. it's good to see him getting along but needs to convey the truth. you can do what barack obama and the other previous presidents have done and just go over there for the photo-op and shake hands. donald trump is telling the truth, don't like they're not paying their fair share and the deals out of germany which are causing a lot of problems for the world. >> i think americans like this. look, i may be wrong. this is my personal opinion.

i think americans like to see our president go over there and speak the truth, as you said, jason, and just mix the it up a little bit. make it different. make it more robust, the meeting. i think americans like it. can i give you that? >> yes, and you had some people, for instance, countries in the baltic region that do pay their 2% into nato, and they're looking around at some big country like a germany not paying their 2%. donald trump has been talking about this issue for more than 30 years. there's videotape of donald trump going on oprah winfrey's show 30 years ago talking about this and now gets to do it face-to-face. i love it and the country does too. stuart: got it. coming up against one of the hard break kind of things. >> no worries. stuart: it is critical today. >> england, 3-0 today! >> you got it! soccer maven extraordinaire, to use a french expression.

a warning from the american embassy in london. americans over there should keep a low profile while trump is in britain? translation, the brits don't like you. they may turn violent. i think it's disgraceful. my take next. ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. . . . . nah. not gonna happen.

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a kohler walk-in bath provides independence with peace of mind. call for a free kohler nightlight toilet seat with consultation, or visit kohlerwalkinbath.com for more info. stuart: president trump arrives in britain tomorrow. the american embassy in london has put out a warning. americans over there should quote, keep a low profile, be aware of your surroundings. let's translate that. the brits don't likes you. they may turn violent. oh. this makes me angry, not at the embassy. they're just doing their job. they should warn of danger. i'm angry at the brits, in particular the mayor of london sadiq khan, he is one of the leaders of britain's hate trump movement. after our president proposed a travel ban from five muslim countries the mayor declared trump is not welcome here.

now, he is okay'd an insulting balloon showing our president in diapers. it will fly over london. there will be a series of mass demonstrations in britain's capital. violence is expected. hence the embassy warning. there is irony here. britain desperately needs america as a trading partner, especiallily now that they're about to lead the european union. why this out pouring of hate for our country and our president? i think their elites are the same as elites over here. on both sides of the atlantic, trump trait head is rampant. over there, the elites are all for open borders, just like here. over there, they're all horrified at trump's withdrawal from the paris climate accord and horrified from trump's withdrawal from the iran nuke deal. just like over here. they rely on for defense, done so for generations. they rely on us for taking their

exports. they can't admit their dependency, and very annoying. as an american citizen who happens to have a british accent, i vigorously support our president going over there sticking it to them. trump is right, europe is weak, divided and fast becoming a vast museum. ironic the president they hate is the man who can help them save them from themselves. the third hour of "varney & company" is about to begin. ♪ stuart: as you can tell i'm a little fired up about that warning for americans in london. come on in, senator rob portman, republican from ohio. i don't know whether you heard that, senator, but i am steamed that they would, our embassy has to tell americans, oh, keep a low profile because they, the brits don't like americans. i'm furious about this. how about you?

>> well, stuart, you are the expert being a former brit yourself, and i appreciate the fact that you're now a proud american citizen. i don't think it is true. i think the brits like us. you're right, there are some, some who will demonstrate today who have different point of view but broadly speaking the uk is our strongest ally in my view, and i see, as i travel there, i'm sure you do, a lot of shared values, a lot of friendship, and as you say extremely important economic relationship, of course a military relationship second to none. by the way, intelligence-sharing second to none. i think our relationship with the uk is a whole lot better than the mayor thinks it is. stuart: okay. you're a diplomat, senator. you're calming me down. i've got a smile back on my face but i am actually being back in england in 14 years, i haven't been in london 25 years. that is another story. i want to ask you about supreme

court nominee, brett kavanaugh, judge kavanaugh. you worked together with him in the bush administration. do you think he is going to be confirmed by that date, the date is very important, october the 1st? >> yes i do. i think i think he will be a terrific nominee. in other words, i think he will do very well at his hearing. face it the guy has all qualifications. he is is very smart. he has the right judicial philosophy, you don't legislate from the bench. the point i made in other discussions about him, he is just a very good person. i know him. i know his wife. i did work with him. you notice that during his speech that he referenced not just coaching his daughters basketball team, i think a lot of us relate to, but also the fact he works through his church to feed the homeless. he tutors kids at elementary school, underprivileged kids. this is person with a big heart. that will come out as well. stuart: you have 50 republicans in the senate. you need every single one to say yes to judge kavanaugh.

do you get them on board? >> i don't know. democrats likely to support him, once they see him, see what an incredible jurist he would be, i think very likely he will get the votes. stuart: if the vote takes place before october the 1st, that means the vote takes place before the november elections. >> right. stuart: that puts some red state democrats, that would be democrats in the senate, representing states that voted for trump in a difficult position. i have five on the screen. joe manchin, heidi heitkamp, claire mccaskill, jon tester, they're in danger if they vote against judge kavanaugh. >> look what happened after neil gorsuch. there were a lot of attacks from the left. when he went through the process, most americans said this is the kind of person i want. he is fair and independent and smart. i think that is what they see about judge kavanaugh. voters in the red states, hey,

what is wrong with this guy? he looks like the kind of person i want representing me on the united states supreme court. stuart: yes, sir. maybe a red wave coming to the senate. maybe. we'll see. rob portman. thanks for joining us. >> thanks, stuart. stuart: check the big board. get back to your money. stocks down, not that much after the trump administration proposed new tariffs on chinese goods. so we're now down 100 points. look at oil. there was a huge drawdown of our inventories. in other words, we used a great deal of oil in america over the past week. by the way, the government says, we, america, we're ton track to many about the world's top oil prower next year. ron carson is with us this morning. he is with the carson group. welcome back to the program. >> great to be here, sir. stuart: now you got it right consistently on this program. you said oil is going to move up in price and you're going to buy oil stocks to keep, to be in line with the price of oil. >> yes. stuart: are you still buying oil

stocks? >> we are. as a matter of fact, we're still transitioning from the world thinking we had oversupply to undersupply. this is largely driven by the fact that opec reduced output over the last 18 months and we've had cap-ex spending cut by $500 billion since 2014. now we've got, we literally have drawdown, 12.6 million, the largest since september of 2016. and you know, we think that, you know, if the trade war really does break out it could dampen demand but absent that, and the fact that opec said hey, we'll go into our emergency supply to alleviate upward price pressures puts us in a pretty precarious position if we have something, because robust oil demand for and could of higher. stuart: 72, $73 a barrel the where is it going, 80 or 90.

>> 90, $100 a barrel over next several months. stuart: you're investing along those lines? >> we have a pure play in our. stuart: energy strategy but across the board there is, we feel there is good value. stuart: where is it best to put my money? big-name oil companies or pipelines? >> no, no, i would not. we would look at more the pipelines, drillers, some of the companies that are still well, well, well off their highs because if we're right about the fact that we'll need more energy, a lot of this, this marginal drilling is going to come back into play. it will be very profitable again. and we think that, you know, whether it is a pipeline, the drillers, the suppliers to that, but not the big integrated oil companies. stuart: right. >> they will do okay but that is not where you get the big pop. stuart: come down a bit downstream in the pipelines? >> absolutely. stuart: i see the point. now today, we've got a dip for the overall market.

we're down 120 at this point on the dow industrials. that is being attributed to the threat of tariffs being imposed on chinese goods coming here. >> yeah. stuart: we've seen this kind of dip before. goes down for a day, bounces back. is it going to bounce book tomorrow? >> last week the futures were down 180 points at one point. stuart: yes he. >> this market has been amazingly resilient. there is still a ton of crash sitting on the sidelines. we talk to clients all the time. they got out during the last financial crisis. they still, believe it or not -- stuart: you're kidding. >> we literally brought on recent client had $60 million that they sold out. it has been sitting in cash, earning nothing the entire time. the only reason i pause about this, all of sudden people are now starting to say i have to jump in. there is a lot of complacency out there, but it feels like, man, we're getting back to normal. getting interest rates moving up. we're getting, that is a reflection of the fact that the economy is getting stronger.

corporations are doing well. the one thing i caution on the short term, everybody is complacent. everybody buys the dips, i'm getting excited because we're getting back to being normal which feels great. yeah. stuart: i'm in the news business. i don't want normality, ron. come on. >> for a little while. give us return on cash so that people are savers out there, our economy can start to operate more in normal -- stuart: tell that to the guy who has 60 million in cash, he had it there for 10 years. >> exactly right. stuart: ron carson, you're all right. >> thank you. stuart: appreciate it. maxine waters, yes, she has been in congress for close to three decades. her republican opponent in the forthcoming election says, he's the one who can finally defeat her. he is on this program shortly. president trump taking a hard-line on nato, drug companies, and china. fred barnes is next. i want to know, is the president's strategy, the

hard-line strategy? does he think it is working? that by the way is times square on another beautiful july summer's day. ♪ this is frank. sup! this is frank's favorite record. this is frank's dog. and this is frank's record shop. frank knowns northern soul, but how to set up a limited liability company... what's that mean? not so much. so he turned to his friends at legalzoom. yup! they hooked me up. we helped with his llc, contracts, and some other stuff that's part of running a business. so frank can focus on the beat. you hear that? this is frank's record shop. and this is where life meets legal.

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>> we're protecting germany. we're protecting france. we're protecting everybody and yet we're paying a lot of money to protect. this has been going on for decades. i think it is very unfair to our country, i think it is very unfair to our taxpayers. i think these countries have to step it up not over 10-year period, but step it up immediately. i don't think it is fair to the united states. we'll have to do something because we're not going to put up with it, we can't put up with it and it is pin rope rat. stuart: can put up with it, inappropriate. when have you seen american president say that to our european allies that was president trump earlier today, hard-line on nato.

he has taken a hard-line on pfizer, the drug company. he convinced them to put drug price hikes on hold. stock is down a fraction. the president took a hard-line on china trade. he is proposing more tariffs. fred barnes is with us. he is the "weekly standard" executive editor. fred, obviously question, hard-line on all these fronts is it working? >> let me start with nato. every president would like to have the nato countries pay what they committed to pay to keep nato going. it is an important defense agreement. and trump, as he has on some other issues is the one who steps forward and really leans on the europeans here. and you know, donald tusk, what is he, president of the european council or something, well, money is important, but solidarity is even more important. but they're not mutually exclusive. stuart: but the criticism is, that president trump is nasty to

our allies in nato. >> yeah. stuart: but he is kind of nice to the putins of this world. is that a fair criticism? >> no, i don't think so. the, look, i don't agree with his putin policy, but it's a policy that, look, we're not going to start handing over nuclear weapons to him or something. it is really at the margins and, you know, the people that complain, oh, they wanted the american presidents to be even nicer to the russians when they were communists. now that they're not, they're complaining. stuart: you have a smile on your face, fred? >> i do. stuart: i think you represent a lot of americans who like to see our president take this kind of approach with the europeans. i think america likes this. >> absolutely. i mean this, is something that all these other presidents should have done but they, they fell for the argument, solidarity, solidarity, don't mess with that, you know, so you can't make us do what we have

promised to do for decades! stuart: have you noticed how he completely dominates our national political life? almost every day he is either tweeting something, or having a meeting with somebody, or making a policy announcement, he is making headline news right from the get-go every single morning this president dominates like no other president. >> no other president was even close. i don't know whether there will be a president who is close later. trump, gets up early. has something to say. so much he wants to change particularly along the lines of europeans fleecing americans. as, what they have been doing for so long on nato not paying their fair share. one of the worst are the germans, angela merkel, chancellor there. they are one of the richest countries in the history of the world and they don't and they don't stick to their commitment on defense funding in nato. stuart: earlier this morning

literally just an hour ago, president trump was doing a brief meeting with president macron of france. the president of france was speaking in french. and president trump comes along and says, that sounded, i haven't a clue what you're saying but that sounded beautiful. the whole room erupted into laughter. another one of those occasions you never ever see this kind of thing before. never seen this. >> i have never seen it either. look, that is one of the things that makes trump so interesting and so dominant. you don't know what he is going to say. why do you think that fox and others ran live complete speeches of, during his campaign all summer? that never happened before but here they were, on television nationally everywhere in the country, and people tuned in. i tuned in. they works you never knew what he was going to say. often it was funny, what about november this year? i don't think there will be a

blue wave, democrats taking over the house. i do think there is a red wave with increased number of seats to the republicans in the senate. now, you're not quite sure i'm right about that one. go ahead. >> i think there is bert chance of that. it could, i just, sort of balk at this word wave. a wave would be something where, what happens in an election is that candidates of one party who were, you know, lousy candidates, who were thrown in to have somebody on the ballot, people have never heard of, and they win because it's a wave. people are voting for one party. i don't think there is going to be a wave period. is trump doing better, are republicans doing better? of course they are. i think this nomination of brett kavanaugh is going to help. democrats were already embarrassing themselves with their rick ridiculous charges if he becomes supreme court

justice, millions will die. former governor of virginia, terry mcauliffe, millions will die. stuart: was it millions or thousands? >> no, they're saying millions. stuart: i will look that up. casey stengle. fred barnes, we'll see you again real soon. >> liz: were you quoting a yankee? stuart: casey stengle, look it up. did i get that right? i think i did. ashley: we'll go with it. stuart: casey stengle, manager of yankees. i knew i got it right. producer said he never names me. his name is justin milado. justin milado. feds are i have a accusing new york city mayor bill de blasio crossing the border illegally when he visited a detention center. de blasio fighting back against the accusation. we'll tell you the full story after this.

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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. so, howell...going? we had a vacation early in our marriage that kinda put us in a hole. go someplace exotic? yeah, bermuda. a hospital in bermuda. a hospital in bermuda. what? what happened? i got a little over-confident on a moped. even with insurance, we had to dip into our 401(k) so it set us back a little bit. sometimes you don't have a choice. but it doesn't mean you can't get back on track. great. yeah, great.

i'd like to go back to bermuda. i hear it's nice. yeah, i'd like to see it. no judgment. just guidance. td ameritrade. stuart: the feds say new york city's mayor bill de blasio illegally cross the border from mexico back into the united states. the mayor is responding. what is he saying? ashley: this is back on june 21st. he went down there with 20 other mayors to try to visit one of those detention facilities

holding migrant children. was denied access. took off across the border into mexico and crossed back in. the border patrol said, wait a minute, what are you doing? there are rules that need to be followed. we had this response from his office. this is eric phillips with the mayor's office. he says any suggestion otherwise is a flat-out lie, obvious attempt by someone to attack the mayor because of his advocacy for families being ripped apart at border by the trump administration. they claim they were given permission by the border patrol supervisor. the border patrol, customs folks, said, no you have to follow protocol. you have to go through proper port of entry. you can't walk across and back and forth willy-nilly. it is war of word, he was down there, came back in illegally or legally. ashley: whatever. stuart: done quite deliberately to grandstand so he could be the victim. ashley: only reason he was down there. stuart: mayor of new york. okay. story we've been covering for

months. the trucker shortage. congressman duncan hunter has a solution. he has a bill that would allow 18-year-olds to become truck drivers. professionals. he is on the show next. talk about a reversal. a poll shows 62% of hispanics feel better about the economy now, they feel better off than they did two years ago in the obama years. will that be enough to keep republicans in power this november? are hispanics the new swing voters? we're on it. right now we give you a nice look at capitol hill. that is the white house. there you have it. ♪ ♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts

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stuart: here is the state of play on the market. we're down 170 points. that is about 3/4 of 1%. stocks down largely because the trump administration has proposed new tariffs on $200 billion worth of chinese exports to america. they don't take effect though until september. the market is falling a bit more now. we're off 184. remember that emerson college poll? it found that 62% of hispanics say they're better off financially now than they were two years ago. came as a shock to us. the president's approval rating among hispanics has risen 10

percentage points as well, 10 points. joining us, lily gill. welcome to the show. >> thank you. stuart: this really surprised us, 62% of hispanics say they are better off than they were two years ago. does that translate into political support for republicans in november? >> well i want to take a step back before answering that. the top two issues for this community are jobs and the economy. if the agenda continues to be one focused on improving the economic landscape of america, whether it is jobs act or tax reform of course, that community is going to respond very well because those are the two top issues. immigration is issue number five. stuart: that is where i was coming from. immigration is number five among hispanic. >> correct. stuart: that includes the wall and immigration and family separation? all of that is number five in their issues? >> yeah. what i love about the sigment, we can make it data drift. a lot of people have an opinion.

immigration seems to be very important and very emotional, it needs a lot of fixing. however, whether it is pew hispanic or harvard "harris poll," big data analytics, continues to show immigration issue number five. people worry about their own personal economy, what is driving their decisions when it comes to political choice. stuart: what proportion of hispanics will vote republican in the election this is november? >> so i think if i had a crystal ball, it would be amazing. stuart: speculate. >> here is the numbers that we can speculate with, right? i'm coming from it as a businesswoman, political strategist. stuart: i understand. >> more than 50% of the hispanics are actually independent. people think that we lean one way or another, but there is a bloc up for grabs if you have the right issues prioritized. that is what we saw with president trump. there is upwards of 30, 34% of hispanic vote, if you look back,

what the results were for this last presidential race, we saw, them responding strongly. there is an opportunity to capture that. stuart: in 2016 presidential election, was it 30, 34% of hispanics voted for trump? >> exactly. not giving you exact number, depending on source, you see 30, 32, 34 but in that range. stuart: can it increase, if a third in 2016, more than that november of this year? >> here is what is interesting. we're looking at leading demographics -- stuart: answer the question. is more than 30. >> it could be. it could be. stuart: anybody can say it could be. i want to know what you think. is it more than a third? >> i tell you the data suggest definitely could be more than a third. stuart: could definitely. definitely going to be more than a third. >> let's see. let's see what it is. this is jobs and economy. here is the thing i'm not campaigning for right or left. data is clear. we keep rattling immigration

issue as one that is loud and emotional but at the end of the day, it is kitchen table issues, families economy what is moving them to make a decision when it comes to a candidate. it is what is happening to their jobs, to their personal economy, to the cost of health care and education. in our community, is the fastest growing segment ever small business owners in america, doubling the growth rate of every other small business community. a lot of people are not covering that in the news. i'm glad we are here. that is why they are moved towards an economic agenda. stuart: okay. >> if you stick to that, it may be a really good outcome. stuart: we appreciate you being with us, lili. >> thank you so much. stuart: i have got more headlines coming out the meetings in brussels. reuters reports that president trump told nato allies to raise defense spending to 4% of gdp. that is a couple of points higher than the current demand, okay? he wanted 2%. now he wants 4% of gdp. that is a very big deal.

according to the official summit declaration of all the countries, the leaders pledged unwavering commitment to defense spending targets at 2%. reuters says the president wants 4%. how about that? story we've been following. truck driver shortage. our next guest is interested in a bill that would allow 18-year-old truck drivers to cross state lines. right now you have to be 21. california congressman duncan hunter is with us. so there is a truck driver shortage and you're going to solve it by letting 18-year-olds drive is 8 wheelers, right? >> i will help. pretty simple actually, stuart. right now 18-year-olds, 19-year-olds, 20-year-olds can drive big rigs, drive commercial trucks, but can't cross state lines. let me give you example, by federal statute you can drive from san diego to sacramento, california, 500 miles. you can do that as 18,

19-year-old, who got commercial driver's license. but you can't drive 50 miles from san diego to arizona. that is what this does. pretty simple thing. we had a truck driver shortage 50,000 truck drivers. this affects everything from petroleum, building supplies, food, clothing, everything is delivered by truck. that is what this affects. stuart: i think part of the shortage, part of the problem is, it is very hard to find older people, in their 30s, 40s with a clean license. >> people want to drive all the time too. stuart: but an 18-year-old, you will get a lot of very clean licenses. that opens up a big supply, doesn't it? >> it absolutely does. you also fine people in 30s, whose, have families, kids. they want to settle down. don't want to drive as much. when i joined marine corps young, my brother joined army young, people do things young with their body they can't do at 40. one of the things is getting around the country side driving

a truck. stuart: wait until you get 60, or 70. who is opposing this? >> only people oppose something independent truck drivers. they say it is not safe. we have five years of data 16 to 20-year-olds were less likely to be in accidents than 20 to 24-year-olds counterparts. it teaches young people how to drive better from very beginning. they have to go through 400 more hours of trial and tribulation even after they get the commercial driver's license. they can drive in california for instance. they have to go through 400 more hours before they cross over to arizona. think is safeway to do it. it will make our prices for everything either drop or stay consistent, not go up because of a driver shortage. stuart: is this a stand-alone bill voted up or down? >> this is a stand-alone bill, yes. stuart: if it is passed, it goes to the senate? >> it would go to the senate. stuart: so you have have a

pretty good chance betting it done? >> we have pretty good chance getting it done. depends what the senate does. lately they have not been doing much. we cross our fingers. stuart: you house and senate guys, you were always at each other's throats. duncan hunter, great idea. appreciate it. look at gas prices, the national average right now, $2.87 per average, up a penny from yesterday. we have a report, rising gas prices hurt the economy. not sure how it hurts that much, be honest with you. jeff flock who will address the subject. gas prices have gone down. i know they go up in the future, what is the damage to the economy, jeff, come on? >> the journal piece today, suggests that because of rising gas prices, eventually there is less disposable income. that trucker shortage drives cost of moving freight up. that could have chilling effect on the economy. i would point out, as you point out right now, we're at 2.87 for

average gallon, a month ago we were 2.92. they have come down in the last month. a year ago we were 2.26. yeah, 60 cents more. we're pretty historically at low levels. the only hitch is the price of oil. today it is down. you know why it is down today? because of the president, had said, iranian sanctions will go back into effect that could, you know, make a squeeze in the oil market? well, they said also they might be able to issue some waivers to some countries that they could still buy iranian oil. i don't know. phil flynn keep saying oil prices will go up, so gas prices are too. we'll see where that really goes, stuart. if you have a job, you have money in your pocket, can afford to buy gas. that is a good thing. that is where a lot of people are. stuart: $3 gas compared to a few years ago is still cheap gas any way you slice it. that is a fact. jeff, thanks for joining us.

thanks. the trump administration missing a judge's deadline to reunite young migrant children with their parents. what happens now? judge napolitano coming up on that one. the man on your screen is, there he is, shortly, there he is, he is running against congresswoman maxine waters this november. he joins us next. i will ask him, how do you unsight someone who has been in congress for nearly 30 years? and that, we did it again, we like to show you scenes from around the country, and again, we've gone to los angeles to show you some traffic. we'll be back. ♪ y. we've got aging roadways, aging power grids, ...aging everything. we also have the age-old problem of bias in the workplace. really... never heard of it. the question is... who's going to fix all of this? an actor? probably not. but you know who can solve it? business. because solving big problems is what business does best.

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>> i'm nicole petallides with your fox business brief. four days of gains, optimism about the economy. we're hearing about more possible tariffs. really is apparel, clothing accessories, luggage. a whole new round of tariffs which many traders don't would come into fruition. tariffs on $200 billion worth of goods. furniture, how does that affect retailers. companies are clamoring they don't want tariffs. concerned about u.s. consumers pertaining to the markets, traders telling me they are buying the dips. they think a negative headline

hits the markets to the downside. once you hear about further negotiations between the u.s. and china, that the market will pop back. in the meantime we've seen retailers coming under pressure. michael kors,h. tiffany, just to name a few. coming up. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind.

call for a free kohler nightlight toilet seat with consultation, or visit kohlerwalkinbath.com for more info. my secret visitors. hallucinations and delusions. the unknown parts of living with parkinson's. what plots they unfold, but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. if your loved one is experiencing these symptoms, talk to your parkinson's specialist. there are treatment options that can help. my visitors should be the ones i want to see. stuart: our guest is running against democratic congresswoman maxine waters. omar navarro, is with us. california congressional candidate. how are you going to do this?

how do you unseat someone in secure position. she has been in congress 28 years. what is your line of attack? >> first of all the district demographically changed in 2012. the redistricting happened. district, 54% is hispanic latino. of that 54% hispanic latino district, 41% is of mexican descent. my family came from mexico from the the american dream. came from cuba for the american dream. they didn't break the law. i've been talking to a lot of people, a lot of voters. hispanics don't vote democrat or republican. they register democrat but vote for the person, not the party. stuart: forgive me for interrupting, omar, i thought hispanics in california were in lockstep with the democrats, defending the sanctuary state, really being very, very strong on a pro-immigrant standpoint? you can overcome that?

>> not at all. actually, if you look at all the aspects of everything, if you go around and talk to people, there are a lot of people, legal immigrants, who are for people going through a line, going through a process. not everybody breaks the law. not everybody goes through the legal process. everybody goes through a process. there are a the lot of people that don't like people break the law, coming through through illegal means. if people come through illegally, they can come through have diseases, you don't know if they're transporting drugs. we have to vet people coming through a process. i support the wall. we have to make sure that we're enforcing our immigration laws in our country. we have to make sure that we're bettering our society as a whole. stuart: hold on, omar. i will run a sound bite from maxine waters where she is suggesting there should be more confrontations with public officials in their private life. roll tape, please. >> if you see anybody from that

cabinet in a restaurant, in a department store, at a gasoline station, you get out and you create a crowd. [cheering] you on them, and you tell them they're not welcome. stuart: omar, what do you say about harassing pro-trump people in public? >> i believe maxine waters is a criminal who is advocating for violence. i don't think that anybody especially elected official should be advocating for violence. i think we need to be peacemakers. we need to make sure we're in the middle, working with people. we can't seek division. people in my district are looking at division going on with maxine waters. they want better. they want economic opportunity. they're looking at business climate. they're looking businesses are leaving. looking at homelessness rate. looking at unemployment rates. people are concerned about those issues. they're concerned about their families having a better life. i believe that the hispanic and latino community are waking up,

realizing things, they want things for the better. want their kids to have a future. we have to fight as americans. i'm sending a message to the local republican party, state republican party and national republican party, they have to get behind my campaign. that is only way we get rid of maxine waters from congress. i see a lot of complaints but only way to get rid of her, beat her on election day, november 6th. stuart: omar navarro, thanks very much for joining us this morning. we'll follow your progress. thank you. >> thank you. stuart: we reached out to maxine waters camp for an interview. we not yet heard back, got it. people in the uk may think twice about using a phone while in the car. new road signs there can detect whether a driver is using a cell phone. the judge is up next on that one. i want to know what he thinks about this new and maybe invasive technology? ashley: yeah. liz: amazing. ♪ thing says summer like a beach trip,

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stuart: administration was able to reunite fewer than half the eligible separated migrant families. well the court ordered the deadline to reunite them all, the deadline was tuesday. the government didn't meet it. judge andrew napolitano is here to tell us what comes next.

>> judges have a couple tools available to them. the mess radical thing she could do would free everybody. that would send the government scrambling, the perhaps the threat of that would be a sword of damocles over the government's head. she has been rather patient. the court can not order the impossible. it might be impossible for the government to bring everybody back together within the time she has given them. remember some of those children are here in new york. some of the parent are still in texas. and they have had this phenomenon occur, i don't know how this happened, started reunification process, some of the children didn't recognize their parents? were they offspring of people they claimed to be the offspring of? she is confronting, federal judge, is confronting all these issues. she can't let up but she has to be understanding of human frailties, of government limitations. you have to be reasonable.

stuart: can't order the impossible. >> correct. stuart: you can't do that. >> if you do, you're not going to get compliance. stuart: here is the story i really want to you comment on. >> i know what is coming. i see that look on your face. [laughter]. stuart: we're referring to england at the moment. >> referring to big brother. stuart: they're testing a high-tech road sign. high-tech road sign, when a driver goes by, using the cell phone, it would flash a signal like on the screen now. cell phone, don't use it. now it is only a warning. they're not issuing tickets. >> not all cell phone use is unlawful. if you do it through bluetooth it is lawful here. i assume that is lawful in england. hands on the wheel, using bluetooth, speaking with a speaker phone in the cac bin of your car. what business is that of government. stuart: the interest of safety.

>> interest of safety. government always issues safety as an excuse. stuart: come on, come on. always go to the extremes. >> how long will it be a warning before the commuter actually send is awe ticket, a summons? no human observed you doing anything wrong. a camera has. stuart: that is a pejorative question an you know it. >> it will come to that. i don't want the government monitoring anybody. we're back to the stazi in east germany. they wish they had this technological capability. stuart: not that i am arguing in favor of this technology road sign -- >> you seem to be in favor of big brother day, i'm just winding up. a couple minutes to go. this is always a good conversation but you ranted on about big brother in england. >> i monitor these things because i fear the slippery slope. i give you example. i'm in favor of a wearing a seatbelt. i'm not in favor of government forcing me to. in new jersey, the see belt

became mandatory, they couldn't fine you unless you committed another crime. a year later is it is primary crime. they got rid of the other crime requirement. this is now a warning. next it will be -- i condemn it. first of all freedom of speech. secondly who wants to live in a society where the government watches you. would we be safer if the government watches every moment, probably but who would want to live in environment. stuart: i take your point. how do you feel about the facebook, amazons -- >> i can avoid them, evade them. i can't avoid or evade the government. stuart: you can't avoid the internet. you're on it. >> look, but i don't have to. i can buy shares of stocks in these corporations, get involved in the selection of management like you do. stuart: good luck with that. >> with your millions of shares [laughter] stuart: i knew i shouldn't have started this. but thank you, judge. you may or may not be on the

show tomorrow. >> as for that balloon in the sky you've been ranting about like a madman all morning, the freedom of speech. stuart: right. there will be more "varney," restrained varney, after this. [laughter] .

. >> look at this. the stock price of papa john's hitting a more than two-year low, down 4.5%. 48 bucks a share. what happened? >> apparently, the founder and public face of papa john's was on a conference call with a marketing agency, designed as a role playing exercise to prevent him from making snafus. he weighed into the anthem protest issue and papa john's used apparently the n-word

saying colonel sanders called blacks n's. he never got a public backlash, obviously not good at all and you can see the reaction. >> there you have it. that's actual from us, a delightful three hours with news happening all the time. i see charles payne in for neil, can carry it through. go ahead, charles. >> i'll try my best. welcome to "cavuto: coast-to-coast," i'm charles pain filling in for neil today. an actual timeline, if you will to the $200 billion in promised tariffs on chinese goods. the news, of course, now china, everyone waiting to see how they will retaliate since they don't import that much us from. president trump is taking on nato leaders face-to-face and so far no one is backing down on trade. want to go to our first guest market watcher brian wesbury. i say we've crossed the rubicon, president trumpha