Skip to main content

tv   Varney Company  FOX Business  July 23, 2018 9:00am-12:00pm EDT

9:00 am
>> lee carter, lindsey bell. final thoughts. five seconds. >> glad to be here to kick off the briefing. >> stuart varney, take it away. stuart: surprised at sean spicer. he had at least five seconds to spare. >> i yield to you, stuart. stuart: good man. good morning, sean, dagen, good morning, everyone. the president started the week in all caps. never, ever, threaten the united states again. that was a direct response to iran, who's president, hassan rouhani threatened america with the mother of all wars. do that again, said our president, you will face severe consequences. quote, we are no longer a country that will stand for your demented words of violent and death. be cautious. so begins the president's twitter week. it will be a very big week for your money.
9:01 am
pivotal week i will call it. the government tells us how the economy is doing. 4% growth is expected that will be huge. it will be the best growth rate in years. big tech will tell us how much money they're making, amazon, google, facebook, twitter. big numbers expected from them. the europeans come calling wednesday. watch for trade headlines that will have impact on your money. then we have the socialists they're having a big i am act on politics. alexandria ocasio-cortez and bernie sanders campaigned together over the weekend calling for free college, medicare for all, free money for all, with a guaranteed income plan. don't know how we will pay for it other than taxing the rich, but it's a message playing well among activists but splitting the democrat party into two wings, left and far left. less than four months to the election. just wait until you see the president's approval rating. "varney & company" is about to begin. ♪
9:02 am
stuart: we promised to show it to you, president trump's approval rating rose to 45%. that is a new "wall street journal"/nbc news poll. the highest mark of his presidency. up one percentage point from june. remember, please, this poll was taken during and right after the putin summit, which received such negative reaction in the media. underpinning mr. trump's job approval, support from republicans. 88% of republican voters like him, support him. he unified republicans around him and his policies. look who is with me now on monday morning, fox news contributor, "wall street journal," editor for "the wall street journal." james freeman. back for more punishment. >> good to be here. stuart: thanks. stuart: the democrat party is totally split, am i right?
9:03 am
>> this is not winning strategy. obviously not appealing to moderate voters. you mentioned medicare for all. that is what they're calling it. it is not medicare for all. it is a change to everyone's health care in the united states that is the bernie sanders plan increasingly democrats are embracing. this is not going to go over well with people once they realize every single person's health care is going to change if that legislation is enacted. stuart: maybe that lurch to the left has something to do with increasing approval rating for the president, even though that poll, your poll, was taken during and right after the putin summit? how do you explain that? his approval rating rising? >> i think it is not a coincidence. this might be similar to 2016, mr. trump really never has been popular by the standards of past presidents. he is popular compared to the alternatives. 2016 it was hillary clinton. now as you look at congressional races this year and potentially 2020, re-election, the extreme
9:04 am
position the left is staking out may allow him, despite the low approval rating to thrive. stuart: underlying it although is is the economy. >> it is absolutely. stuart: if, you got prosperity, that is the issue for most people in this country. where am i going wrong? liz: makes big social i-t spending ideas irrelevant, right? >> high-water mark in the poll, 50% to 34% the americans give president high mark on economy. if you look through the data, they don't like the immigration plan, they are worried about trade. they didn't like the russia events over the last week, but he is getting an enormous amount of credit, as you said. as you said we'll probably get a great gdp report at the end of the week. this is terrific job market. this is the power of tax cuts and deregulation delivering this strong economy that really makes people overlook a lot of other things they may not like on the president's agenda. stuart: hold on a second, james.
9:05 am
talk about money for a moment. here is the futures. we likely open down ever so slightly. 25,000 level for the dow. might be down 10 points. we get profits from big tech names, amazon, alphabet, facebook, twitter, among them. those stocks at the moment show mixed picture. no big moves right away. on thursday, european president, june -- jean-claude juncker. any trade deal would be huge plus for the markets. what say you? >> it would be great to have a big trade deal. juncker was not elected by anyone, yet the head of the eu he has very little to lose. he is sometimes a pretty angry man. so i hope he is coming here with an open heart and open spirit to do a deal but i don't expect one from europe but i would love to
9:06 am
see it. stuart: what about the 4% growth rate any think we're on track for pretty much 4%? >> it is too early to spike the ball. too early to take victory lap. we shouldn't gloat but i'm very happy. i think we are coming in there. you know i compare this with the reagan first two years with reagan, economy tanked, reagan's popularity fell through the floor, we phased in the tax cuts. this president made it very clear we would have the tax cuts immediately. there would be no phase-in. that is why the economy occurred so well. if tax cut came in next year, i think are is chance we keep republicans in the house and senate. if that happens, nothing but the sky ahead of us. stuart: if you agree with me, president trump's first priority, job number one, cutting taxes not dealing with palm care, we would be much better off, wouldn't we? >> we would be. i was very shock after all the
9:07 am
republicans talk and conversations it was clear that every single one of them was going to repeal obamacare but they didn't. they then held on, wanted something replacement or different. it collapsed before our eyes. we should have had the tax bill first. that is true only in retrospect i would say that i thought obamacare repeal would be straight up done but it wasn't. stuart: real fast, art, worry you, so much money, so much investment money going to five or six big -- >> look at company nvidia. see what the has done. stuart: yes. >> incredible what companies do, you get a great idea, one of them has phenomenal idea, it runs to take all the others with
9:08 am
them. i'm not worried about the structure of this bull market or bull market itself is. if trump keeps going with pro-growth policies i think we're in for long haul, a great bull market. stuart: what a great way to start a monday morning. art laffer, thank you very much indeed, sir. >> thank you, panel. say hello to them for me. stuart: i will. got a couple corporate stories for you. i will start with tesla. it is asking suppliers to give back some cash, cash back from your suppliers why they are doing that? gary gastelu, automotive editor is here. >> tesla is tight on money. musk essentially confirmed it, puts suppliers in a tough spot. they don't help tesla out, it goes bankrupt. test has been more than happy to
9:09 am
cut out suppliers. stuart: doesn't it speak to desperation? when you're at this stage in tesla's live, asking for cash back from their own suppliers, that doesn't look good, does it? >> it doesn't. we know that musk is not going to ask for money. this is where he asks for the money rather than the market. stuart: i want to talk about saturday's news, fiat chrysler, announced sudden resignation of long time ceo sergio marchionne. he is stepping down. complications from surgery. he is not going back to the company. he is out of the company. he is gone but in comes a brit. what do you make of the guy? >> excellent choice. mike manly head of jeep since 2009. they sold 350,000 cars then. last year, 1.4 million. pushing a million in the united states. this is why this guy is great. he knows customers really well. he knows what they want in their vehicles. he has a background in
9:10 am
engineering, even though his professional background is in marketing and sales. every vehicle that he launched as head of jeep has been unqualified success is. it will be interesting to see moving forward what happens. jeep has a five-year plan, not jeep, or chrysler. they have a five-year plan working on. two brands out of it we don't know. chrysler has only two cars left, dodge has only four cars left in the lineup. no solid plans what to expect from them. there is talk, couple weeks ago they might eliminate the brands. marchionne said he wouldn't. we'll see what manly does. move them over to jeep in favor of these other brands. stuart: i wanted a replacement for chrysler town and country van. i'm told they don't make it. >> they don't make the town and country. it is pacifica. they make the town and country, call it the old dodge caravan. they sell a lot of them. it is very out of date. no plan to replace that.
9:11 am
pacifica and chrysler 200 are only ones they sell. stuart: you talked chrysler out of a sale. geir i are, thank you very much for joining us. appreciate it. let's get back to your money. again, flat to ever so slightly lower, opening for the market this monday morning. down 10 points, got it. teenager in seattle harassed for wearing a maga hat in public. it was ripped off the head and thrown on the ground. man told him to get the f out of the city. when he picked the hat up, he realized he was spat upon. big product recall. mondelez recalling 16 varieties of ritz cracker products. they could be contaminated with salmonella. how did that happen? we wake up to a forceful presidential tweet. he called out iran in all caps. he said, never, ever, threaten the united states again. you will suffer consequences the likes throughout history have ever suffered before. we'll tell you what iran's
9:12 am
president did to fire him up, after this. looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade. 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.
9:13 am
add-on advantage. only when you book with expedia. add-on advantage. with tough food, your dentures may slip and fall. new fixodent ultra-max hold gives you the strongest hold ever to lock your dentures. so now you can eat tough food without worry. fixodent and forget it. that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath.
9:14 am
excellent! happy to help. 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.
9:15 am
stuart: higher revenue. that means more money coming into the oil field services company haliburton. oil prices are up. that encourages gas and oil producers to put more rigs to work. the stock is up only 24 cents. better profit with hasbro, we don't expect that. looks effects of last year's toys "r" us bankruptcy. we have ritz cracker products recalled. possible salmonella. susan, how does salmonella gets into a ritz cracker? >> goes to the whey powder supplier. the powder ritz mondelez is using talking about salmonella in the product. this is voluntary.
9:16 am
this is precautionary. ritz bits, cheese cracker sandwiches, cheese cracker sandwiches and bacon, everything i quite enjoy. stuart: a big list. if got it you get rid of it. >> i wouldn't be touching it, no. stuart: got it. get back to the tweet. president trump tweeted this. never ever, threaten the united states again or you will be suffer consequences the likes of which few throughout history suffered before. we are no longer a country that will stand for your demented words of violence and death. be cautious. president is responding to the iranian statement which reads like that. america should know the peace with iran is the mother of all paves and war with iran is the mother of all wars. chris -- christian whiton is here. iranians are vulnerable, their economy is in freefall, pressure
9:17 am
like this from our president is a real problem for them, isn't it? >> this is exact right thing to do. not just trump doing it. yesterday at reagan library, secretary of state pompeo giving a tough, speech about iran, dispensing with fiction in washington, that there are moderates in the regime, calling them as rare as unicorns. the administration rolling out a plan with 12 points that iran would have to adhere to, coming in from the cold, getting away from sanctions and denuclearization. a big shift in policy. stuart: am i right in saying the iran economy, i can't use the word collapse. it is functioning but barely. their currency has gone through the floor, and if new sanctions are imposed, they can't explore that much oil, there is a serious possibility here of the mullahs, the regime being overthrown by their own people. am i going too far? >> you're not. it is impossible to time dissent
9:18 am
movements but dissent used to be much more subdued is much more frequent. across the streets in much more cities. we saw this earlier in 2009 and 10 in the obama administration. this secretary of state and vice president and president are clear that the united states is on the side of these people. we have our diplomats around the world working hard to get friends, those who are not our friends stop buying iranian oil. they will sell oil on the black market but doing it lower to china. they will be not making as much. stuart: that president's statement, all caps tweet, that to me looked like a turning point for a couple of generations now the iranians have been chanting "death to america," we'll make war on you, et cetera, et cetera, et cetera. suddenly our president turns around ad says, knock it off. we'll not take it. don't ever do that again. that is a sea change how we respond to their provocation. >> that is exactly right.
9:19 am
since 1979 we frankly let iranians get away with murder. they inaugurated their regime by taking americans as hostage. they have not paid the price for that. using language rouhani did, reminiscent of saddam hussein said before we kicked his butt in 1991 for the first time. trump women not put up with that that is dangerous, provocative language. we turned the page on iran i think. stuart: do we come out on top in this battle? >> we have the leverage. iran being awash in oil, has little refinement capability. that which it has is vulnerable. we could turn off the gas pumps in iran in short order. with sanctions we need can blockade his exports. no problem there. ie, i don't favor using kinetic means unless absolutely necessary but diplomacy will work and is working putting pressure on islamic government. stuart: christian whiton, thanks for joining us. see you soon.
9:20 am
>> thanks, stu. stuart: back to your money. not much change in the last couple minutes. we'll be flat to ever so slightly lower. here is a story for you. a driver for uber and for lyft is in hot water live streaming video of his passengers without their consent. we'll tell you all about it. more "varney" after this. my father passed this truck down to me,
9:21 am
that's the same thing i want to do with you. it's an emotional thing to watch your child grow up and especially get behind the wheel. i want to keep you know, stacking up the memories and the miles and the years. 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. i saw my leg did not look right. i landed. i was just finishing a ride. i felt this awful pain in my chest. i had a pe blood clot in my lung. i was scared. i had a dvt blood clot. having one really puts you in danger of having another. my doctor and i chose xarelto®. xarelto®. to help keep me protected. xarelto® is a latest-generation blood thinner that's... proven to treat and reduce the risk of dvt or pe blood clots from happening again. in clinical studies, almost 98% of patients on
9:22 am
xarelto® did not experience another dvt or pe. xarelto® works differently. warfarin interferes with at least 6 of your body's natural blood-clotting factors. xarelto® is selective, targeting just one critical factor. don't stop taking xarelto® without talking to your doctor, as this may increase risk of blood clots. while taking, you may bruise more easily, or take longer for bleeding to stop. xarelto® can cause serious, and in rare cases, fatal bleeding. it may increase your risk of bleeding if you take certain medicines. get help right away for unexpected bleeding or unusual bruising. do not take xarelto® if you have an artificial heart valve or abnormal bleeding. before starting, tell your doctor about all planned medical or dental procedures and any kidney or liver problems. learn all you can... to help protect yourself from another dvt or pe. talk to your doctor about xarelto®. ♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest.
9:23 am
9:24 am
stuart: sorry, folks before the break we showed you wrong close on hasbro. we showed you friday's close. look at this. premarket is the quote to look at. they made better profit and they made more sales. hasbro is up 11%. here is a tricky one. a st. louis uber and lyft driver reportedly live streamed passengers in secret. liz, he had the camera pointed toward his passengers and live streamed them to anybody who wanted to watch. liz: that's right. hundreds of passengers were live streamed without their knowing it. he earned money doing this. uber and lyft deactivated his accounts. he is no longer a driver. he said this is nothing wrong. he called it virtual pepeople watching. he made $3500 doing this, people paid to watch. 4500 followers on twitch account were watching passengers he
9:25 am
picked up. he had children in the back seat. he had drunken college students, a local tv news reporter. unbeknownst to them. people were commenting on their conversation in the back seat. so, you know, on -- stuart: what is the legal position here? liz: the legal position state law you can record others in that state. the question, can they prove the uber taxi is private? that is the legal bar. >> he claims permission was given, sticker outside the vehicle, consent is given once you enter the vehicle. that will be looked at. stuart: make money out of invading people's privacy. he was okay with the law. i don't get it. liz: you don't want shared car drivers following what he is doing, right? stuart: you do not. liz: that is the scary part of it. stuart: please no. dow industrials will open down ever so slightly. maybe five point lower. nasdaq down about 17. we'll take to you wall street for the opening of the week's
9:26 am
trading after this. ...
9:27 am
9:28 am
9:29 am
whoooo. you rely on tripadvisor so you don't miss out on the perfect hotel... but did you know you can also use tripadvisor so you don't miss out on the best price? tripadvisor searches over 200 booking sites to find the hotel you want for the lowest price. saving you up to 30%! so you can spend less time missing out... and more time paddling out! tripadvisor. visit tripadvisor.com or download the app! stuart: back to start a brand-new week of trading. it is monday morning and without expecting any sharp moves up or down, at least not in the very
9:30 am
early going today but were looking for a dead, flat open to the market. there will be individual issues which will move today and they will be move right along this week when the big tech names start delivering their latest early reports. that's when you see serious price movement. 932 mac and don't expect much movement right now. we are down ten points in the very early going just a tiny fraction of 1% will see what is going on at the s&p 500 but it's down but a tiny action point. how about the nasdaq? down .17%. down all the way across the board but not by much. here is individual stocks which will be moving, yes, they are. tesla, asking for their suppliers to be given cash back. they want the money back that they've given to the suppliers. stock down 3%, $11 a share. robert reports from amazon,
9:31 am
alphabet, facebook and twitter in advance of their numbers. there is no serious movement in either direction for any of those stocks. monday morning, look who is here but elizabeth mcdonald, susan, jeff - i will start with the big number that is coming out this friday. 832 mac gdp for the second quarter but just figure i think it will be 4% or more. >> for the first time i will go above that number where i think - i know it is shocking but i think we will approach 4.5% in the bottom line consumer spending has been incredible. the consumer has driven gdp, tax cuts have worked in an astounding manner and they will drive it up. of course, the question is it sustainable? stuart: we will get to that later. maybe 40%.
9:32 am
jane. >> i can't give you a precise number but all i can say is the arrows are pointing to a good quarter. look at the consensus of private economists in the regional banks so it will be a shock if it is not a blowout. whether it's five like present wants to do but it should be a great quarter. stuart: susan. >> five is a bit of a stretch. i will go with consensus because we do have strong earnings on the corporate side and don't look at me - i think it's 4%. stuart: 4%, you're on. lizzie. >> i agree. watch this. wait, wait. if we get for an average of 3% growth for the year, then we've not seen that since 2005. this will be . stuart: used to call me by my first name. [laughter] other women call me by my first name.
9:33 am
let's suppose we get 4% growth, jeff, does the market go up? >> no, i don't think it will have any effect whatsoever. the market will have no impact. stuart: james. stuart: james. >> i think you're saying the trade terror for debate is not yet hitting us growth and that is a bit of a relief for many investors. stuart: it goes up a bit. >> i would expect so. stuart: what the consensus? probably the biggest numbers of the week will be in the form of profit reports. one third of the s&p 500 and that includes big tech like amazon and paste but and google and twitter they all report this week but the numbers, jeff, if i'm not mistaken it's the not just the numbers that are
9:34 am
important but what the ceo says about the future. if the outflow that's important. >> exactly. we expect double-digit earnings growth and double-digit revenue growth for what people are expecting is how concerned are the ceos about the effect of tariffs on the profit margins in the future. that will determine where the stock market is going to go. keep in mind, we have had great earnings but we had in snp only about 5% year-to-date so they really need to deliver on the productions. if we don't, that's a reason to sell. stuart: on wednesday the european union jean-claude junker came to me with trade on the agenda and this is another one of those extremely important meetings which could result and let me put it this. if there's any kind of agreement any kind of deal on european and american trade i say the market
9:35 am
goes up, what you say? >> especially with autos. that's the most sensitive to any agreement. stuart: if you look on the bright side and there's auto tariff agreement, market overall goes up? >> i think so. >> i think the market pops. >> especially for the reason that this is europe's bureaucrat and she. if he comes on board for better trade deal that's shocking enough. stuart: that's the worst put out in - [inaudible conversations] stuart: quick check. thirty-six points, 34-point now but still holding just above 25000. the markets which we like to cover, price of oil $68 a barrel, price of gasoline continues to fall ever so slowly, $2.84 international average. more money coming over with the oilfield services company and they're putting more rigs to work and on the west they are
9:36 am
down 5%, not quite sure i understand that but it is down. how about hasbro. hasbro better sales and they got past the toys "r" us bankruptcy and the stock is up 8%, nice pop there. it's good let's look at tesla. it's below $300 a share, down 5% why? because they're asking their suppliers for cash back. they want money coming back to them from the suppliers. lizzie, that sounds like desperation. >> it's a rare move on contracted spending. the back story we know tesla is in on the model three ramp up and they been burning $1 billion a quarter in cash and watching their balance sheet and the long-term debt swamps their cash position. companies turned upside down when they're in that position on the balance sheet. this is a rare move by him.
9:37 am
he only has under 3 billion in cash on hand. he did say he will be cash positive in the dash. >> and profitable and that's a heck of a? to tell wall street he will do that. and the way he said he will do that is to preserve cash by asking for refunds. >> in line with what liz is saying, here is, first of all, i called tesla a dumpster fire for years now. the fact that he is now going to hit his suppliers in order to reach his own goals shows just where tesla is at because when you hit your suppliers without consideration for their future earnings and what it will make your earnings, i think, it shows where you are as company. this game is about to be exposed and i think elon musk has to get honest and say that he is going to need wall street to bail them out once again and he asked to stop playing these tracks. for you have a company that is supposed to be in a sustainable energy business and is not
9:38 am
sustainable themselves. >> consensus says he needs to raise cash even though he keeps refuting it on the earnings call. people think they will raise money - >> another way out. he's offered stakes in dimer or toyota. if he says buy a piece of us that could be a way to raise money. stuart: he's not down and out completely. >> but when they hit their production last month if they can sustain our pace, who knows? >> but if they had their reduction targets by operating 24 hour shifts, building tents and potentially not meeting all the safety standards - >> google could completely partner with [inaudible]. stuart: i got to report this. saturday the at kaiser announced the resignation of [inaudible] stepping out with competitions from surgery.
9:39 am
he's not going back, is he? >> he's out and he's been with the company with fiat since 2004 as the leader taking over chrysler during the depressive years of 2008-2009. the stock price has been tripled since 2014. he's done a good job. reduction in debt targets and performance of the shares but he went in for shoulder surgery and look like he stepping down. months in advance of his retirement which was already scheduled for 2019. stuart: must have been a serio serious. papa john's they will adopt a poison pill to limit john schneider steak. >> look at the price of that. this is about solution. he is not going away quietly and looks like he will put up a fight over a string of controversy involving him so what do they do? there seem to end the existing shareholders you can buy a stock at a discount called the shareholder right program and
9:40 am
that will dilute the power of his ownership and he owns about 29% of papa john's. he is not going away quietly and staying on the board and he is saying i'm still the right guy to lead this ship. >> poison pill as they call it. stuart: and the stock is way down on that one. 9:40 on a monday morning have to say goodbye to james. thank you for being with us. jeff, thank you for being with us. check that the board now. ten minutes into the session and were down 27 points holding above 25000. republican congressman carlos cabello going to introduce a carbon tax in the house. not something you'd expect to see from my republican but congressman joined us in our 11:00 o'clock hour today. what is with that? apple is out with the new macbooks but some customers are complaining that it's not running as fast as advertised. we'll have one on the set of
9:41 am
genes that next to me. will be back after this. you're headed down the highway when the guy in front slams on his brakes out of nowhere. you do, too, but not in time. hey, no big deal. you've got a good record and liberty mutual won't hold a grudge by raising your rates over one mistake. you hear that, karen? liberty mutual doesn't hold grudges... how mature of them. for drivers with accident forgiveness liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty ♪ so let's promote our summer travel deal on choicehotels.com like this. surfs up. earn a $50 gift card when you stay just twice this summer. or, badda book. badda boom. book now at choicehotels.com
9:42 am
9:43 am
when you combine ancestry's with its historical records... you could learn you're from ireland donegal, ireland and your ancestor was a fisherman. with blue eyes. just like you. begin your journey at ancestry.com stuart: we are down 34 points in the early going. here we go. president trump tweeting about the washington post moments ago. here it is. the president is referring to jeff bezos who owns the post and
9:44 am
founder of amazon and look at the stock after that week. down below $1800 a share and the president mentioned antitrust and down it goes $26. $70.87. were down 20 points as we speak. google and samsung phones are reportedly faster than iphones. tell me more about that. >> you want to say what? i paid a thousand dollars for my iphone x and it's not the absolute fastest? according to the data it turns out that they are slower. in fact, the iphones are slower than samsung in google phones and with that they did it looking at users. it wasn't in a corporate ladder. that is how they tried to get real-world findings. apple has a rebuttal saying they have the most powerful chip ever in a smart phone and currently fast in the best experience can handle the demands. truth of the matter is samsung
9:45 am
has sold more phones than apple last year, samsung is using this data in their new commercial highlighting the faster internet speeds for your websites, high-quality videos, songs, e-mails, they are saying they are faster than apple. stuart: okay. and we hear it. apple stocks are down. last week we told you that the new apple laptops may not be as fast as advertised. we got one onset with us and were bringing in mark, editor-in-chief of tom's guide to tell us what the problem is. you got this thing phasing out and i'm not sure whether you can show us that it's lower than advertise. go. >> the controversy is the 15-inch model with a 13-inch year is lower than advertise. it means that there is flattering going on because there might be heat issues with the 15-inch model. the clock speed is going down under heavy workloads in order to protect the system and that is causing people to say the cooling and macbook pros should be better.
9:46 am
the outside systems are identical with the exception of new features and some of them are cool. there's a feature called a theory and then i can go to open foxnews .com and will come up on safari. let me try again. open box business .com on safari. >> with your wow escalation point. >> there it is. the idea is you can do more with hands-free so that is neat but the controversy is on the keyboard because it's quieter than before but there's a new membrane under each key people are saying the other ones are not doing so well and apple was facing class-action lawsuits over the keyboard because any bit of debris that was getting in there resulted in stuckey's. i had that issue. you should not get typos when
9:47 am
you're paying a thousand dollars for a new machine. they may be reliable but they're not as fast but hold off until they are able to get to the bottom of this. stuart: are you being picky? [laughter] fiber to buy one of these computers are really what bothers them much if there was dust under the thing. >> but it prevents you from making keystrokes and that causes more errors, there's nothing more the use the keyboard every day to type memos, e-mails et cetera. you have to retype a letter twice like multiple times per day it as a. >> that would bother me specially if in pain thousand or $2000 for these laptops. >> cleaning the keyboard doesn't help in these cases but they have to replace the entire mechanism. [laughter] that may be picky but as far as the speeds go, the starting price for the 13-inch model is 1599. the one that is 15-inch is 2399.
9:48 am
regarding professionals they should get pro level performan performance. stuart: what about the sleeve, the lever sleeve which you can buy separately for these things at the cost of $180 per sleeve? with you on this one. it's ridiculous. >> it looks nice. i did a google search and you can get another leather sleeve $400. stuart: is that on the screen there? >> $180 for a sleeve bothers you but $2000 for laptop doesn't? stuart: the target audience. someone like myself who barely knows how to turn it around i doubt i'd buy one. >> bottom line is, there's lots of macbook pro loyalists out there and they will stick the system but it's a matter of when they will buy. personally, i will wait until they're able to work out these issues and they do not update the 12-inch macbook which is lightest in the line and i'll see but they do's for students. you don't want to make it all
9:49 am
about pros. stuart: you're not big on apple computers are you. >> no, i use everyday. i like it but there are reason why the upgrade is not the best. i have the 2060 models will wait to see what they do. stuart: if i do buy a microsoft surface what would you say? >> the service pro is good but the one causing the most celebration right now is the surface go because it's less than $400 and targeting students with a 10-inch display. stuart: there you go. microsoft profits. need i say more. like you, mark. check the dow, 30, not much movement this monday morning. we are down 20 points, that is it. how about this? a teenager in seattle harassed on the street because he was wearing a hat. we'll tell you all about it and pass judgment, too. ♪
9:50 am
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.
9:51 am
add-on advantage. only when you book with expedia. add-on advantage. our phones are more than two, just phones.k up. they are pocket sized personal trainers... last minute gift finders... siri: destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet. which could save you hunreds of dollars a year. plus get $150 when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today.
9:52 am
9:53 am
it's a high-tech revolution in sleep. the new sleep number 360 smart bed. it intelligently senses your movement and automatically adjusts on each side to keep you both comfortable. and snoring? how smart is that? smarter sleep. to help you lose your dad bod, train for that marathon, and wake up with the patience of a saint. the new sleep number 360 smart bed, from $999. smarter sleep will change your life. stuart: neighborhood in washington dc is trying to revoke a trump hotel liquor license. >> there saying the president and the complaint is listed long history of telling lies in moral character and abiding by the l law. here is the point, the advisory neighborhood commission where the hotel sets doesn't have a
9:54 am
problem with the trump international hotel. it's another advisory neighborhood commission that is finding this complaint. this is the first time you see someone losing their liquor license based on moral character. stuart: got to get to seattle and tell you the story. someone took a teenagers make america great again hat. let me explain what kid is walking down the street, high school kid, he's got the hat on and someone comes up to him and the representative had off and took it into the traffic and took it on the ground and they spit on him. that is what happened to the young man in seattle. come on in, kyle, high school director for turning point usa. you represent the conservative high school student and you are a high school student yourself and is this the kind of treatment that you regularly feel as a conservative? >> these attacks are growing and escalating in intensity and occurrence. it had to say i think that the left is shifting to a point
9:55 am
where someone holds a different opinion than they do it's not okay. they're okay with diversity as long as it's not diversity of thought. stuart: you can't go around knocking peoples caps off and spitting on the. it's a fence and a crime. >> absolutely. stuart: so attack it on that basis. >> yes, it's saddening that we see the shift that if someone is a conservative in these attacks are occurring especially from millennial's in college and what are these professors teaching their students? stuart: in the conference coming up in dc and at the conference for conservative high school students, correct? >> yes, sir. stuart: will you do? >> huge event at george washington university with speakers such as nikki haley, jeff sessions, anthony security and were teaching these conservatives to go out and have grassroots activism and to energize their community and vote read. stuart: your encouraging them to
9:56 am
have the courage to come out, aren't you? >> yes. stuart: is getting worse? >> it's progressively getting worse. stuart: look, i'm sorry we have such little time here but kyle, thank you for joining us. we'll get you more pleasant for city for that conference you got coming up in the near future but thank you for being here. comedian and i use that word lightly, comedian michelle out with a new video that mocks ice and compares its agents to terrorists. you will see it and we will explain it.
9:57 am
. . .
9:58 am
9:59 am
stuart: do you think i.c.e. is a terrorist organization. i.c.e. is the immigration and customs enforcement department. they go after the people in the country illegally. they enforce the immigration laws. on the left they are very unpopular. listen to comedienne michelle
10:00 am
wolfe conflating deliberately i.c.e. and isis. >> join us today, you too can tell your isis story. >> isis waging war for everything that is holy in this country. i guess you could call it a holy war. >> isis, guaranteeing my ticket to heaven. >> take it from me, no organization is better than isis. stuart: did you get that? ice is isis. do you get it? michelle wolf is out there on the fringe. i think she really is. she has company in the mainstream. united states senator, no less, democrat kirsten gillibrand has called for abolition of i.c.e. don't enforce immigration laws. over the weekend the socialists, alexandria ocasio-cortez and senator bernie sanders were campaigning together and repeating their off the charts enthusiasm for economic nonsense. free college, medicare for all,
10:01 am
guaranteed income, free money for all, et cetera, et cetera. what i'm getting at here, the unrestrained gallop to the left by the democrat party. the socialists wing is making all the running. they have totally split the party. do the democrats have a united position on immigration? on froing the economy. on trade, on the paris climate accord, on iran? no, i don't think they do. they only unify on contempt and hatred for the president. that is not much of an election strategy. we want to know what you're for, not just what you are against. and frankly, if the democrat party becomes the socialist party and close to being just that, it is doomed to the fringe for what, a generation? it is ironic that none other than than james comey is offering advice. he is warning democrats against socialism. please, please, he says, don't lose your minds. james comey. the second hour of "varney & company" is about to
10:02 am
begin. ♪ stuart: if you are a realtor i have extremely important numbers for you. if you're in the home market, very important numbers. existing home sales. liz? liz: 5.38 million on annualized basis. this is the third straight monthly drop. we have a new and unfortunately higher median household price, 276,900. stuart: whoa. >> that is up 5% year-over-year. we were talking about 264-k for the median household price. now it is 276,900. as rates go up, mortgage rates at seven-year high. it is putting pressure on housing sale market. stuart: look what it has done to the market. that is a turn around for the dow industrials. we were down 30. get the numbers on fairly weak existing home sales and the market goes up to a break even
10:03 am
point. not a huge rebound but modest input on the dow industrials. now we're at 25,054. later this week we get profits reports from some of the biggest big tech names, alphabet, facebook, and twitter, but concentrate on amazon, look at that. president trump just tweeted about the company saying, "the washington post," which ceo jeff bezos owns, he is the amazon guy is nothing more than an expensive lobbiest for amazon, calling for antitrust against amazon. look at it go down. amazon down seven -- $17. it dropped below $1800 a share on the tweet. check out tesla, asking suppliers for cash back. that is a sign of desper operation much the stock is down 16 bucks. that is nearly 5%. price of oil this morning, deal with that quickly, $69 per
10:04 am
barrel. back to my take on michelle wolf, dressing up as homeland security secretary kirstjen nielsen, deliberately conflating i.c.e. and isis. making i.c.e. the counterpart of isis. that is extraordinary stuff. look who is here, howard kurtz, author of, "media madness and the age of trump. i love that title. i think michelle wolf, others like her, are so over the top, it really hurts the media and the democrats. what say you? >> michelle wolf is desperate for attention. nobody cares what she thinks, ever since she slimed sarah huckabee sanders at the white house dinner. what is concerning about the democrat party, some of the 2020 candidates let's blow up i.c.e., get rid of it, burn it to the ground, rebuild it, whatever. that is fairly extreme position. the problem for the party, all of its energy at grassroots level is increasingly liberal left. that is not how you win midterm
10:05 am
elections. stuart: what do you make of the media's role is this? they don't seem to control or rein in the socialists. seems like they got their back. >> you mentioned socialist wing. i don't think they have a whole wing but a few rooms in the bidding but incredible media spotlight on this 28-year-old alexandria ocasio-cortez, came out of nowhere to knock off a house democrat. but the problem is, first of all, if this was republican come out of nowhere, made mistakes talking about israel occupying palestine, didn't know -- there has would have been a lot of stories. there have not been. she has gotten a pass. the right would love her to be the face of the democratic party because she is a self-proclaimed democratic socialist. that is not where most of the party is. they know they don't win in contested districts with free college, free health care. stuart: the media is giving her a pass? >> media giving her a pass on her stumbles. she looked into the camera, i don't really know that much
10:06 am
about foreign policy maybe you should learn before you become a congresswoman? stuart: if there is any discussion of guaranteed minimum income for all, free money, real discussion of free college, if you had a real discussion for medicare for all, who will pay for it all, it makes no sense. it is economic nonsense. it is not being called out. >> i don't think there is serious debate about those things. there is serious debate about i.c.e. tactics, but comparing it to a terrorist organization is way over the top. democrats in the swing states will have so distance themselves from this sort of thing. every time you pick up the "new york times," she is on the front page. she won a primary in queens and the bronx. that is it so far. stuart: i don't think the media will ever get proal reputation back. not ever. it will be a long time before they get their objective professional reputation. what do you say? >> i think a lot is lost on
10:07 am
overattacks on president trump who in turn attacks media. it is full-scale warfare. i worry about my profession and its creditability. stuart: don't we all. howard, much obliged to you. get to your money cover that if we can. several big tech companies report profit this is week. joining us market watcher keith fitz-gerald joins us. i read your stuff so i know what you want to say. you want to buy google and amazon but not facebook, and you would buy them before they come out with earnings report, is that right? start with google, you would buy it before we know what their earnings are? >> well sure because i think the guidance given the trend at hand will be good, it will be powerful. if that is true, and it holds looking at movement five to 10% on the upside over next two weeks. i want to get ahead of that. risk management. stuart: did you just say five to 10% on the upside in the next couple of weeks for google, really? >> correct.
10:08 am
these companies lead the markets, stuart. where else are you going to obtain growth like that? there is no place else. to me it attracts capital. that is move i want to get ahead of. stuart: tell me about amazon, you would buy that in advance of official earnings. >> that's correct. i think the president's tweets are distraction. i think ceos are where we want to concentrate, not the politics as we always talk about. i think bezos will come out with strong numbers. big day to play. ii am really interested with amazon. stuart: you have a strong stomach to buy a stock before they come out with what their earnings are. >> i study ceos carefully, stuart, i've done my homework. stuart: but you would not buy facebook. why not. >> correct. i would not find facebook, i think litigiousness is not attractive. i think sentiment is building against them. i don't like data leakage personally. a lot of people do.
10:09 am
i will sit on the sidelines. i'm perfectly content to wait that out. they will get caught short somewhere down the line here. i don't want to repeat someone. stuart: i will repeat something you just said for posterity, five to 10% up for google next couple weeks. you said it. you're on tape saying it. i will play it back to you endlessly. talking about fiat chrysler. sergio marchionne he is gone from the company. he built fiat chrysler last 10 years. enormous impact. >> oh, yeah. stuart: he is replaced by the guy who runs jeep currently, mike manly. he is a brit. what do you make of that move? >> i think it's a strong move. i think manley is the guy to head it up. he has built jeep. every vehicle he touches is raging success. suvs are one in three weeks sold worldwide. i this they produce five million units. to me the stock could double by 2022.
10:10 am
stuart: i will repeat that. the fiat price could double by 2022. four years to double the price after car company's stock. you're a tough guy. >> well you know, again it's a matter of calculated risks and doing your homework and in this case i think numbers are there. manley is a strong player. he has the same work ethic. more importantly every vehicle he touched has worked. stuart: you're on tape. you're on record. it will be played back endlessly to you. thanks for being with us, keith. good stuff indeed. >> thank you, stuart. stuart: see you soon. a big hour coming up for you this monday. president trump threatening iran's president hassan rouhani, warning consequences few ever suffered before if he has war talk with america again. walid phares advised president on foreign policy. would he have advised president trump to tweet in the extreme manner that he did tweet? he is with us in a moment. alexandria ocasio-cortez on the road with bernie sanders
10:11 am
this weekend. socialists are splitting the democrat party. later this hour we'll speak with doug schoen, a reasonable democrat. let's see what he says about the socialists. the nfl delaying enforcement of the new anthem policy president trump calling out commissioner goodell. later this hour we'll talk with former super bowl champ burgess owens. you're watching second hour of "varney & company". ♪
10:12 am
10:13 am
10:14 am
stuart: stock markets this morning, we're down 14 on the dow, 25,043. let's look at hasbro, better profit, better sales. over the toys "r" us bankruptcy obviously. the stock is going up. 13% gain for hasbro.
10:15 am
$12 a share, straight up. pet meds, online pet pharmacy, not making as much money as expected. whoa, taking it on the chin. down 14%, five bucks down at 34. president trump tweeting to iran's president today, never, ever, threaten the united states again or you will suffer consequences the likes few throughout history ever suffered before. we are no longer a company stand for demented words of violence and debt. be cautious. something iranians put out, here is their quote. peace with iran is the mother of all peace and war with iran is the mother of all war. wars. joining us now, walid phares, fox news national security analyst. walid, those are fighting words but they put enormous pressure on iranians because don't they have a collapsing economy? >> they do have a collapsing economy. they do have demonstrations,
10:16 am
protests. they have resistance movements against them inside iran, in iraq, in syria, in yemen as well but the tweet itself, regardless of the shape, we can talk about many, many things regarding the wording but substance of the tweet is actually tell the iranians we don't take anymore these threats. remember, iranian leadership from the past, 20, 30 years, been saying same thing we'll destroy america. america will be destroyed if we engage with them. president trump decided to stop the process, tell them we will work on a solution or you can not threaten us anymore. stuart: do you think there is remote possibility in the near future mullahs will be overthen by their own people bag the economy is so bad? >> i have been written about it, published about it 25 years. ultimately this regime will not survive uprising. we saw the first one in 1999
10:17 am
across iran by the students t was smashed. second one in 2009, 1.5, 1.8 million streets took to the streets of iran and other cities. unfortunately our previous president did not support them by political statements and it was smashed now. since the end of last year, throughout this year, there are a lot of demonstrations. so with time, with social media, with the failure of the economy as you said, stuart, i don't think the regime will survive it on the long run. the time frame for that change, we have to do, we as financial community could help make it faster. stuart: president is pushing them. that is for sure. want to talk to you about presidential tweet, helsinki summit, gone back to that, when you hear fake news talking negatively about my meeting with president putin all i gave up, i gave up nothing. we talked about future benefits for both countries. we got along very well which is a good thing except for the corrupt media.
10:18 am
your response, walid? >> the helsinki summit had two components and we need to start looking at those two components in a separate way. the actual meeting, subject discussessed what was said about first part of the press conference, at least six points, not just syria, ukraine, nuclear terrorism, all that which was a normal summit with some new elements to it, which is, which the president is talking about, and second part, which was exchange between the american press basically and the president. it was basically washington debates going to helsinki. what the president is trying to say is, despite that debate that we're having here, will continue, we have achieved few things in helsinki. i would like to see the public understanding these things are positive. that is what he is trying to say. stuart: i think the public may be looking beyond the media's hostility because the president's approval rating has gone up in latest poll. the poll was taken during and just after the summit with putin. his approval rating has gone up. >> look the opposition here is
10:19 am
very vivid, very strong, relentless. any event happens, any announcement by the president will be attacked. we're very much divided. on other hand president is delivering economy, you're expert on that, that is getting better and better. on the other hand internationally speaking he is delivering more steps, north korea, meeting with russia, is issue on syria and israel. the public through social media is table to get some of these points though the opposition is very strong. stuart: extraordinary stuff. it is turn around, 180 from the last eight years. walid phares, thanks for joining us. we appreciate it. >> thank you. stuart: another week, another food story from mondelez. they're warning ritz crackers may be contaminated with salmonella. doc siegel joins us with what is going on. that is later this hour. ♪
10:20 am
how do you win at business? stay at laquinta. where we're changing with contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com.
10:21 am
10:22 am
10:23 am
stuart: where is the price of gold this morning on a monday? $1224 per ounce. where is bitcoin this morning? i'll tell you that too, two-month high, $7700. now look at papa john's, that stock is 2 1/2-year low. the company is trying to limit founder, john schnatter, limit his stake in the company. what are they doing, why are they doing it? liz: basically giving existing shareholders the right to buy even more shares at a discount. it is called shareholder rights program, poison pill. papa john's founder is not going
10:24 am
away quietly. he owns 29% of papa john's. he is wanting to steer the company. they're trying to limit or reduce his stake in his company. it is dilutive, dilutive to existing shares and shareholders buying it at discount. this is way they think they can get the guy out of there. stuart: the shares are three-year low. $48. liz: pushing it down. stuart: that's true. chik-fil-a are taking a shot at blue apron's business. what are they doing. susan: my first reaction i don't have a deep fryer at home. chik-fil-a is selling meal kits, 150 locations in atlanta, starting in august. they will start testing this. maybe it will go nationwide. they're offering 15.89 for a meal that takes 30 minutes or less for two people to cook. it is not just deep-fried chicken.
10:25 am
offering, chicken parmesan. enchiladas. ban roasted chicken and chicken -- stuart: we got the message. everyone is doing meal kits. susan: yes, not all are succeeding. chefs went bankrupt, right? stuart: well-said. liz: i want mcdonald's meal kit. susan: you never know. they might jump into it if chick-fil-a is successful. they will look at examples. stuart: that i would not believe, i would not believe that. susan: if they give me recipe for the fries i might. liz: there you go. stuart: europeans slapping google with that record $5 billion fine. our next guest says he is warning, the europeans are just getting started going after american tech companies. he will make his case in just a moment. democrat senator kirsten gillibrand, calling for the abolition of i.c.e. don't enforce immigration laws. that is what she is basically
10:26 am
saying. it is democrats rallying call. what does doug schoen think about that? he is modest, moderate democrat. what do you think? we'll be back. ♪ hawaii is in the middle of the pacific ocean. we're the most isolated population on the planet. ♪ hawaii is the first state in the u.s. to have 100% renewable energy goal. we're a very small electric utility. but, if we don't make this move we're going to have changes in our environment, and have a negative impact to hawaii's economy. ♪
10:27 am
verizon provided us a solution using smart sensors on their network that lets us collect near real time data on our power grid. (colton) this technology is helping us integrate rooftop solar, which is a very important element of getting us to our renewable energy goals. ♪ (shelee) if we can create our own energy, we can take care of this beautiful place that i grew up in. ♪ 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.
10:28 am
10:29 am
♪ stuart: ah, you remember this one? you remember this? >> i remember -- [laughter] stuart: that is a beautiful song. don't mess it up, lad. okay. there is the beatles for you, 10:30 eastern time. do it every day. check the big board. we're down 60. dropped below the 25,000 mark.
10:30 am
look at microsoft among the big tech stocks there. look at it go. trumpets are valid in this case. $107 a share. it is the leader of the dow stocks. and i do own a thin sliver of it. i have big smile this morning again. focus on google for a moment. it is fined what, $5 billion by the europeans? joining us is the ceo of a tech company, akronis, he believes more fines are coming america's way from the europeans. good morning sergei. >> thank you. stuart: google has 5 billion-dollar fine. who else gets fined by the europeans? >> there is facebook. there is amazon. there is cisco. there are other companies which are dominant companies. there is not a single dominant company which is internet company based in europe. stuart: right. >> so the u.s. companies have to watch it. in europe, laws are like the
10:31 am
same laws traffic laws in switzerland, you can drive fast, the there are cameras everywhere and that is the way the government makes money. stuart: google was fine because of dominant position with their phones, forcing phone makers, forcing somebody to use their service, basically. that is illegal in europe. is facebook's operation illegal in europe because they have dominance of the market? >> facebook's operation by itself is not illegal. google was not fined necessarily because it was dominant. but because of practices putting chrome and search application on an void phones and requiring manufacturers to buy certain locked down version of the android phone and operating system. stuart: what is facebook and or amazon guilty of would merit a big fine? >> just reality. those companies have to watch it when they coordinate between the salespeople and between their legal people on how they go
10:32 am
about certain practice, because there are laws in the european union allow european union to charge companies, to fine companies, make money this way and if they don't follow certain practices which is difficult because it's a balance between satisfying your customers because it is about satisfying your customers, putting applications on android phones is good for the customers and the android operating system is also good for the customers but it is about following the rules. if you don't follow the rules you give the european union a way to fine awe and they are in a trade war with the u.s. to a certain extent. stuart: seems like as america we have the power, we have the brilliant innovative companies, they don't and all they want is our money? >> it's a little bit like that. the other thing there are still regulations which can be followed in more careful way. sometimes the regulations are not necessarily very -- stuart: wait a minute. can we, can the facebooks and
10:33 am
amazons of this world avoid these fines if they behave in a more conformist, sort of way? >> i think so, yes. i think so. you have two types of fines. fines related to antitrust, which happened just now and tax fines. more difficult with tax fines. stuart: which was fine on apple recently, where apple was forced to pay tax on whatever they did in ireland. didn't look very reasonable to me. looked like -- stuart: one year from now if you and i are sitting down in this spot in july of 2019 how much of a fine, how big a fine will the amazons and nays -- facebooks of this world be taken by the europeans? how much will they extract. >> some billions. stuart: 10 billion, 20? >> good thing about amazon it has, doesn't have competition. stuart: 10 billion? >> why not. stuart: quite possible?
10:34 am
>> quite possible. stuart: 15? >> i don't know. i'm not european union to that extent. sounds like they're raising it up carefully the first fines by the european union on microsoft was several hundred million dollar range. then it went to 500 million-dollar range. now we're talking about $5 billion. previous fine on google was 2.1 billion. seems the stakes are raising. stuart: they're jealous, ain't that true, they're jealous? they're jealous. sergey, thank for joining us. got it out of you have. the socialist alexandria ocasio-cortez touting progressive policies while campaigning with bernie sanders in kansas. roll that tape. >> we are a nation that will not stop until every child is born with the opportunity to go to college or trade school free of cost. we will not rest until every person in this country is paid a living wage to lead a dignified
10:35 am
life. stuart: ah, got to have it. every person in this country is paid a living wage. got to have that. doug schoen is here. author of that book, "america in the age of trump." the socialist wing of the democrat party has split that, you're a democrat, split you wide open. >> their as sendance to it that is so scary. take facts of what we saw. bernie sanders., alexandria ocasio-cortez, in kansas of all places one marginal house seat. this is self-destructive behavior. most americans vote in midterm elections are not socialist, don't want soesist policies and would like to know how we will pay for programs as attractive they may seem, we have got to be able to pay. stuart: what proportion of american voters, do you think, just off the top of your head really wants free college for all, a guaranteed income paid by
10:36 am
taxpayers to -- what proportion wants that really? >> i think a large proportion in ideal world would like it but in the world of reality where we have to pay for things, it's a small sliver of the democratic party that is ascend ant in primary elections, wants this with a degree of fervor. the problem there are few of us militant moderates. stuart: militant moderates. the tail is wagging the big dog. that is what is going on here. >> that is exactly right. it makes people like me have to reassess where we stand and what we do. >> you have to reassess where you live? >> i do. i'm not process of doing that. i've been there a couple weeks this month already. stuart: one more for you. kirsten gillibrand, new york democrat senator, in united states senate doubling down on her calls to abolish i.c.e. roll tape. >> when we flip the house and flip the senate i think first thing we should do is deal with the children who are being
10:37 am
separated from their families at the border. [applause] i think we should get rid of i.c.e. immigration is our strength. diversity makes our country and economy so strong. stuart: what? what proportion of democrats want no immigration control whatsoever? how many? >> stuart, i hope it's a very small percentage. certainly it is just a small sliver of again primary voters. stuart, this is madness of the one thing to aspirationally say you would like free college education or free health care and then say, we'll pay for later but to say that you want open borders because we need immigrants like she said, that is just reckless and madness. stuart: when is democrat leadership, the leadership of the party, going to turn around and say, we're not supporting this? that is not part of our platform? >> some of them have said it tentatively but, stuart, you're right. this is a divided party. the left is in the assend dan
10:38 am
sy, seem like me shake their head and say goodness gracious sure and a lot more. stuart: who you say, not trump republican or old-fashioned republican, could you see yourself voting that? >> i could. stuart: on tape, ladies and gentlemen. >> the party is so far to the right in the republican party, the old rockefeller wing is a minority of a minority. so it is not really a practical solution for somebody like me to join them because, the hard right, which is conservative on social issues, and frankly doesn't support balance budgets, they're in the ascendancy on the right. i'm a man without a party. i do have a country but not a party. stuart: handicap the elections in november. do you think the house will go to the democrats? i don't at this point? >> here is what i would say. the most recent poll, i guess out today from the "wall street journal" says that it is down to six points from 10
10:39 am
points last month. that suggests the trend is moving against the democrats. there are about 40 republican retirements. there are a bunch of seats on the coast that are in play. it will be very close either way, i would have to tell you sadly, yes, still a democrat, that things are moving against my party as the left and socialists wing improbably asserts itself. stuart: we'll wrap it up with that, a fine statement. >> oh, boy, depressing, for me. stuart: doug schoen, you're all right. >> thank you. stuart: president trump's approval rating is indeed inching higher, reached 45%. i say the president has done a 180 on just about everything since taking office. brit hume with us next in the next hour i should say. first the nfl, not enforcing the new anthem policy this season. president trump says roger goodell has to take a stand. we'll talk to former super bowl champ burgess owens. he is next.
10:40 am
♪ is is not a bed. it's a high-tech revolution in sleep. the new sleep number 360 smart bed. it intelligently senses your movement and automatically adjusts on each side to keep you both comfortable. and snoring? how smart is that? smarter sleep. to help you lose your dad bod, train for that marathon, and wake up with the patience of a saint. the new sleep number 360 smart bed, from $999. smarter sleep will change your life. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay!
10:41 am
tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com ♪ liz: last hour former reagan economist art laffer said republicans would be in a much better position if they didn't
10:42 am
mess up the obamacare repeal. listen to this. >> although i was very shocked, stuart, after all the republicans talk and conversations, it was clear that every single one of them was going to vote to repeal obamacare but they didn't. they then held on. they wanted a replacement or something different. it collapsed right before our very eyes. we should have had the tax bill first, that is true, that is only retrospect i can say that because i thought the obamacare repeal would be straight up done but it wasn't. ♪
10:43 am
10:44 am
stuart: talk about a falling giant. look at general electric. what a champion it was for couple generations. look at it now, it dropped 4% on friday. down another 1% now. dropped below $1 a share. -- $13 a share. president trump, watch this. blasting nfl they're not enforcing the new anthem policy here it is. the nfl national anthem debate is alive and well again. can't believe it. isn't it in contract that the players must stand at attention, hand on heart? the 40 million-dollar commissioner must take a stand. first time filing out for a
10:45 am
game. second time kneeling out for the season/no pay. joining us burgess owens, author of that book, "why i stand." former super bowl champ himself. burgess, seems this anthem policy problem is not going away, it will infect another season. the way it looks to me? >> hey, stuart. good morning. i'm not surprised. i talked about this in my book. this league is not about compassion for the black community. not about empathy for the black player or freedom of speech. i asked jerry jones about free speech. fined him $2 million because he stood up against the commissioner last year. this is about global reach, my friend. about a corporation that understands that they need to get past the american market, just run some numbers by you. nfl capped out at $13 billion couple years ago. last two years they have lost 20% of the viewership.
10:46 am
down $30 million in ad revenue, yet projecting $25 billion in next nine years with their global reach and they're just paid again commissioner $40 million. 36 million of that is based on growth incentives. how did they get there in they have to demean the nfl brand. they have to show divisiveness, so attractive to countries like germany and china and mexico and wherever they want to go. stuart: really? >> does not get excited about the american brand. so look at global reach out of this. stuart: that is fascinating, burgess. you mean to tell me football authorities, they want to appeal on global basis, so they don't mind showing american teams, american athletes being divisive? it is almost on purpose to get a global audience? i can't believe that. >> they are not clueless. they know what they're doing. they don't mind collateral damage, sim sim sim isly betraye
10:47 am
nfl fan. message of black community this is place of no hope. it becomes attractive to international fans and international players they are trying to develop. this is the worst of the leftists. they care less about patriotism. they care less about our country. care less about profits. i hope americans understand what they're doing. this is what we're up against. elitists, marxists, socialists we're up against. we need to realize they are trying to run our country at this point. stuart: getting back to the original point, looks like anthem protests will continue. dispute over the protests will continue. i will use the expression, football will be tainted for yet another season? do you agree with that? >> i agree with it. keep in mind the nba stopped this in the bud. if owners would have courage to stand like dolphins talk about doing. this would end immediately. once players are made accountable for their actions, believe me, this would end. but they don't want it to end.
10:48 am
they want to expand the global reach. the americans are up against it at this point. stuart: new anthem policy was supposed to be, you can kneel if you want to, but you don't do that, don't do that on the field of play, don't do that in public. that will no longer be enforced. what is the policy now if they're not enforcing the old one? >> they put that on pause recently. by the way, for players to go into the locker room still demonstration. still showing entire world that our country is divided, is racist, not the place to be. they need to end this. they need to end this demonstration. let americans watch the game. these elitists leftists go back what you do some other place or time. not on our game we enjoyed all these decades. stuart: burgess, pleasure to have you on the show. pittty you're not still playing. you would stand. >> i would stand big time. thank you, my friend. stuart: coming up, mcdonald's salads making people sick in 10
10:49 am
different states. mondelez warning that its ritz crackers may contain salmonella. how does a cracker get contaminated with salmonella? dr. siegel explains next. ♪ this isn't just any moving day.
10:50 am
10:51 am
this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today.
10:52 am
10:53 am
stuart: the fda says tainted mcdonald's salads have made more than 160 people sick across 10 states. joining us now fox news medical correspondent dr. mark siegel. doctor, why does this happen and why does it seem to be happening so frequently? just address the mcdonald's salads for a minute. >> stuart, this happens largely because of food handlers. salmonella is in the intestines of cows and chickens. it starts to propagate itself. but if it gets on hands of food handlers making salads, then get added, and there's a place called fresh express in illinois that is putting these salads together. they're mixing all these ingredients and the fda and cdc worked together, like detectives solving problem. they have traced it back to
10:54 am
fresh express although they are denying it is them. 3,000 restaurants removed salads from the shelves until the problem is solved. problem, stuart, takes two to three days before you know you're sick. hats off to agencies figuring out exactly where it came from. it is in the hands of food handlers. lives in stool and feces. food handlers get it on their hands, spread it to the salad. stuart: explain why ritz cracker products being called because of a possible salmonella link. how does salmonella get into a cracker? >> i want to correct my seven is. the mcdonald's is something called sigh close spora, got from a food handler. that is also in the stool and can lead to diarrhea. salmonella, that leads to fever and diarrhea. that is in the ritz crackers, because the product in ritz crackers called whey, w-h--e-y,
10:55 am
comes from milk. when you get whey out of milk you can get bacteria. no one has gotten sick from salmonella. gotten sick from the cylespora in the mcdonald's salads. they are in advance pulling ritz crackers off the shelves before it gets anybody six. stuart: i'm told if you nuke food with radiation, if you do that, then you can get rid of all parasites and salmonella. is that true? >> well, there is a lot of controversy over that, stuart because nobody knows the long-term health effects of that. though most people feel it is safe to do that i think issue here is, that the cyclospora in mcdonald's salads is not something people think about. we're not looking for them at physicians. shedding a spotlight to people, if you ate at mcdonald's, get sick is and diarrhea, get
10:56 am
dehydrated, maybe this is something you have, if we test it for you in the stool we can treat it with a antibiotic called bactrum, you get better quickly. i'm not sure radiating food is the answer. shedding a spotlight is the answer being aware in advance. radiating food is increasing process but it is not clear to the long-term risks of it are so i'm not advertising it. stuart: you're not. dr. siegel, thank you. >> i like the spotlight being shed by fda and cdc. stuart: good stuff, doctor. thanks. republican congressman proposing carbon emissions, carbon tax. what on earth is a republican doing that for? we'll be back with the story. ♪ how can we say when you book direct at choicehotels.com
10:57 am
you always get the lowest price on our rooms, guaranteed? let's say it in a really low voice. carl? lowest price, guaranteed. just stick with badda book. badda boom. book now at choicehotels.com .. ..
10:58 am
10:59 am
11:00 am
trained to you would think the over-the-top armageddon style opposition to the president's summit with putin would seriously hurt his political standing. after all, it's not everyday the presidential statement is put on the same level as pearl harbor or 9/11 or think again. mr. trump is starting to is starting this week with his approval rating going up and republicans are unified behind that. the poll was taken during just after the summit appeared in other words, look at that approval rating, rising to 45% and 88% of republicans like his whole spirit mr. chung had the backing of an overwhelming majority of his party. what's the most important issue for voters? the economy. that too came out of the poll. the economy is booming.
11:01 am
not just the economy that's helping the president. they are split through the socialist dominate the party would cause and a guaranteed income. most voters understand the pie-in-the-sky dreaming that is where the democrats are headed. the hysterical criticism of the president also helps him. they call him a traitor, a liar. michelle will to seek consent immigration enforcement is like i says. i don't think most americans approve of political hysteria. setback against the president successes. cutting red tape, cutting taxes for me getting out of the one-sided climate deal, making america the world's dominant energy power, confronting north korea, iran and most important of all, restoring prosperity. no wonder he's going up in the political world. just wait until friday when we get official confirmation of an economic rake out.
11:02 am
4% growth. we haven't seen that in years. if the economy is issue number one for voters and it is, and this will be a good week for the president no matter what the media says. the third hour of "varney & company" is about to begin. ♪ >> a star coming up in 15 minutes. brit hume will have his reaction to my taken the latest ultimate democrats shifting toward socialism. what if you think about that? let's get to your money. stocks are down. but for those of the day. down 42 points as we speak. big week ahead includes big-time tech names releasing their profit report and second-quarter growth numbers on friday. i will start right there because this could be really something else. economists, most of them
11:03 am
predicted 4% growth which we have not seen in years. joining us now, fox news contributor john layfield in making money host charles payne. to you first. what do you think the market does if we do get 4% growth reported on friday morning. >> i don't think there will be huge reaction to the market. this has been forecast for sometime that we will have a big number this quarter. not to take away from the fact that this is great. the economy is on fire. we'll have a gdp over 4% which is going to a big, big number. part of this number is going to be goods ahead of the terrorists. slightly inflated because of the beard >> charles, what do you think? 4% growth on target? don't bury the lead, son.
11:04 am
>> is possible. some very smart folks out there at 5%. stuart: what he think the market would do? spin extraordinarily well. it hit the double all-time high and now it's going back in an all-time high. overall it is more of a main street and wall street story and it should be celebrated across the country. won't be obviously to the degree it should be but it's an enormous story. it reminds us of the greatness. reese to celebrate mediocrity. this reminds us of what we can be. big tech companies reporting earnings this week. amazon, alphabet, facebook, twitter. my opinion, they must produce at the very least 20% profit growth. it's a big selloff. would you say, john? >> i agree with you.
11:05 am
we are in an insane world. more tough italian dollars to $900 billion figure expected to grow 20%. it's an unreal world we are in. so far s&p earnings 87% of companies had been earning expert patients. the last earning season you have a record for 25 years as far as more of the same. earnings overall up 20%. it is a huge bar to accept fear they need to be around 20% to 30%. i think they will be. stuart: 25%, 30%. >> these stocks are but i think they'll play these hurdles. the highest operating margins in history and that is something baked into the market. so far the earnings season has been remarkable. i'd like to see some action
11:06 am
spread beyond tech names also. i'm hoping the group i'm watching this transportation. i want to see them get the overall rally. >> i've never seen a time when the market is so dominated by five companies. never seen anything like it before. the european union is john claude juncker. the topic is trade. if there's any agreement, even a minimal agreement on tariffs, the market goes straight up because of that agreement. >> i agree. downplaying expectations. remember mr. juncker is a nonelected bureaucrat. the ruling over people outside of their own country. i think there's a chance or that something gets done. the e.u. should drop to 10% tariff on cars and say okay we're going to do that.
11:07 am
i think that's a distant possibility. something needs to come out of this. something positive that needs to happen. i think something probably will. >> something on russia. >> may be resolved there. remember we put sanctions on the larger shareholder along with the russians because the russian metal thing. the company saying we can get rid of this guy as a shareholder and do whatever else you want us to do. the reason why this is critical if it's not president trump vowing under vowing to vladimir putin. this is the world's largest aluminum company. it's not number four. we know why. forget about it. number one for decades is now number eight. i think we will have this fight with china.
11:08 am
we wouldn't be a bright idea come a smart to put the top competitor, non-chinese competitor out of business. stuart: just a couple of individual companies now. tesla stuff is way down today. holding around $300 a share. it is asking its suppliers to cash back to help it turn a profit, to help it keep going. that sounds like desperation to me. >> i think it is desperation. they do want to lose shareholder equity even more. i don't think this is cannot work. i don't think you'll don't think you'll get cash back from her supply chain. elon musk has been great with rockets and batteries. he's not good at manufacturing automobiles. >> it's not that he hasn't been good. he just hasn't lived up to its own hype. they both suffered from the same thing. sometimes it obscures the things they do. in this case he will have a tough time.
11:09 am
it's amazing the stock is above $300 a share right now. liz: they want to shareholder equity. >> sell the stock. a giant position on it. i'm an elon musk fan but i think is his overpromise for a long time is catching up to him. >> may be used to import and and too big to fail. someone will give him the money from somewhere may be. >> it might mean a haircut on the share price. stuart: charles and john, thank you for joining this morning. we appreciate it. a driver for uber uber reportedly lives during his passengers without their knowledge. >> he live streamed the footage into his twitch account, which is a live streaming site. they garnered him and made him $3500 more each month because of the videos he uploaded. it is a one-party consent state
11:10 am
that mean only one party and its consent for recording and this involves 700 rides. think of all the writers involved. he basically prayed on those that were out late at night, may have already had a few drinks. this goes back to privacy. stuart: it's outrageous. the camera was pointing at the backseat. >> two cameras. stuart: the video from the two cameras with live streamed in anyone could watch it just tapped into it. >> exactly. i wouldn't want that. i would be furious. stuart: that's outrageous. good story. later this hour we will bring you the story of a mother of nine. she was homeless. she was on welfare and how she started her own construction business and she's doing well. what a turnaround. we love success on this program and she's going to join us. also on this hour, take on
11:11 am
comedian michelle wolf and her comparison of ice and isis. president trump's approval rating is going up a little and the democrats start to embrace socialism right before the midterm elections. brit hume on that is next. ♪ greatness of an suv? is it to carry cargo... or to carry on a legacy? its show of strength... or its sign of intelligence? in crossing harsh terrain... or breaking new ground? this is the time to get an exceptional offer on the mercedes of your midsummer dreams at the mercedes-benz summer event, going on now. receive up to a $1,250 summer event bonus on select suvs. mercedes-benz. the best or nothing.
11:12 am
about medicare and supplemental insurance. medicare is great, but it doesn't cover everything - only about 80% of your part b medicare costs, which means you may have to pay for the rest. that's where medicare supplement insurance comes in: to help pay for some of what medicare doesn't. learn how an aarp medicare supplement insurance plan, insured by united healthcare insurance company might be the right choice for you. a free decision guide is a great place to start. call today to request yours. so what makes an aarp medicare supplement plan unique? well, these are the only medicare supplement plans endorsed by aarp and that's because they meet aarp's high standards of quality and service.
11:13 am
you're also getting the great features that any medicare supplement plan provides. for example, with any medicare supplement plan you may choose any doctor or hospital that accepts medicare patients. you can even visit a specialist. with this type of plan, there are no networks or referrals needed. also, a medicare supplement plan goes with you when you travel anywhere in the u.s. a free decision guide will provide a breakdown of aarp medicare supplement plans, and help you determine the plan that works best for your needs and budget. call today to request yours. let's recap. there are 3 key things you should keep in mind. one: if you're turning 65, you may be eligible for medicare - but it only covers about 80% of your medicare part b costs. a medicare supplement plan may help pay for some of the rest. two: this type of plan allows you to keep your doctor - as long as he or she accepts medicare patients.
11:14 am
and three: these are the only medicare supplement plans endorsed by aarp. learn more about why you should choose an aarp medicare supplement plan. call today for a free guide. stuart: the president's approval rating is moving higher. it moved up to 45%. joining us now, britt hume, fox news senior political analyst. how did this happen? "wall street journal," nbc news was taken during and right after the press event with president putin, which is very badly received by the approval rating went up.
11:15 am
>> it went up for one reason and that is the president continues to enjoy extraordinary high levels of popularity in favor among republicans. the republican level support for him is up to 80%. that is almost a record. but the support president bush had after the first phase of the second gulf war. i mean, this is a level of popularity that must frustrate the dickens out of the conservative never trump ours whose constituency is mostly republican to see as much as they dislike and be so widely unpopular. >> the republican party is now the party of president trump. he leads and controls. >> that's true of almost any president. you hear this a lot but this is now trumps party.
11:16 am
any president has to take over the political party to get a nomination and you get his people in the party committee, in office since no one. almost all parties or their president parties and then who knows. >> the economy is clearly helping him. just for one moment to what senator bob menendez said about the economy. roll that tape. >> or agenda to the the democrats is about ultimately making sure we have an economy that works with everyone, not just the wealthiest, big corporations. >> that doesn't seem terribly new. >> what was being said by democrats as far back as 1984 when ronald reagan was up for reelection and democrats are making the case the recovery has not extended to all which is almost always true of any recovery. nonetheless it didn't work.
11:17 am
i don't think the argument is going to carry the democrats to pick during in 2020 uber president trump and the economy remains in good shape as it is. the business cycle is not been repealed so we'll see. at this point the state of the economy is a huge boost to mr. trump. >> i've often said on this program but i'm a refugee from british socialism of the 1970s. i'm amazed and appalled making within the democrats today. that's another reason why president trump is getting some more support. >> i think that's right. the heart of the democratic party is not anywhere near the center. it's on the left and at a point further left in recent memory. the success of bernie sanders and challenging hillary clinton against all odds and 2016 and
11:18 am
excitement you see over the woman who just got nominated to run in the district in new york city within new york is a big celebrity now. she's a democratic socialist. a sign of that is for the parties hard as and where the party wants to go. i go. i don't know about lasalle in modern america. however, it is worth noting what used to attach to socialism as an idea may have died out over time and among young people, socialism doesn't seem like such a bad idea. stuart: if you're not a socialist by the age of 25 you have no heart. if you're still a socialist, you've got no head. he never said that i'm sure. >> i think churchill said that. stuart: correct. i suspect you just love become my full-time, wouldn't you?
11:19 am
>> know, the thank you for asking. >> in the middle of the term presidency. >> covering news in the trump era is like trying to drink water out of a firehose. it's overwhelming and it changes twice a day. your im sitting last night at home and i had my ipad opened my mouth and suddenly this all caps treat hits my screen and a snake game. i said it's 11:00 at night. there's never been anything like it. stuart: a wonderfully to the show right off the bat. come on back anytime you like. love to see you again. check blue apron for a moment. down 2% because chick-fil-a is launching it o'neal kit operation. look at hasbro. better profit, better sales, up
11:20 am
it goes. 105. how about this. a carbon tax proposed by a republican. he will join us in just a few minutes. i want to know what on earth the republican is doing going for a carbon tax. going to make america great again. check it in the street and then they spit on the young man. the full story for you coming up. a live look on the center of the country. that is st. louis. ♪
11:21 am
11:22 am
11:23 am
if you're approaching 65, now's the time to get your ducks in a row. to learn about medicare, and the options you have. you see, medicare doesn't cover everything - only about 80% of your part b medical expenses. the rest is up to you. so if 65 is around the corner, think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. so don't wait. call to request your free decision guide.
11:24 am
and gather the information now to help you choose a plan later. these types of plans let you pick any doctor or hospital that takes medicare patients. and there's a range of plans to choose from, depending on you needs and your budget. so if you're turning 65 soon, call now and get started. because the time to think about tomorrow...is today. go long. stuart: big event that the white house is underway. president trump pushing made in america. hillary vaughn as they are. tell me who's going to this event. >> 51 companies already here with their made in america product or they just got a visit from vice president mike tense moments ago. they will see the president sitting by in senior white house officials. here's how companies qualified to be here today.
11:25 am
they have to make their products here in the u.s.a. companies have to be owned and operated here in the u.s.a. here's a rundown of some of those here today. snowboards on colorado's number summer industry. massachusetts gingerbread cookies. businesses like wipeout and puzzles from new hampshire and cowboy boots from texas. lockheed martin is here representing there at 35 and ford motor company or michigan representing her at 150. this is a big opportunity because they are getting face time with the president. this is their opportunity to speak their mind and get face time with the president. stuart: does the president ever take a couple hours off or even a day off? the half a dozen tweets every evening and every morning. he doesn't take time off, does
11:26 am
he? hillary vaughn of the white house. thank you. next, the story about one woman who says working construction got her out of poverty while being a single mother of nine. as we say on this program, we love success so that lady is on the show today. a republican spearheading an effort for a carbon tax. we allow him to make his case. we are fair and balanced on this program. i promise you, we will be back. ♪ with two times more geographic detail...
11:27 am
...ancestrydna can pinpoint where your ancestors are from... ...and the paths they took, to a new home. could their journey inspire yours? order your kit at ancestrydna.com.
11:28 am
11:29 am
11:30 am
stuart: would've been open for two hours in the market has gone nowhere. 25,032. that's where we are. our next guest is introducing legislation that would halt federal regulations on i'm a changed in exchange for a carbon tax. how does that work? carlos curbelo. you are a favorite guest on this program. a frequent guest and i admire your point of view.
11:31 am
where on earth is a republican coming from proposing a carbon tax? see my good morning. good to be with you. we are trying to achieve a number of things in one bill. infrastructure investment extremely popular and sorely needed in our country. this bill dedicates $700 billion of infrastructure funding over the next 10 years. the gas tax discriminatory in nature, regressive in nature and replace out by recognizing a cost of carbon emissions only put a price on carbon. then we also suspend epa regulatory authority to produce a bill that will leave most americans better off and start mitigating for the effects. we see sea level rise in phenomenon. >> the bottom line for me is not
11:32 am
rising sea levels. not climate change. you're imposing a tax and i'm going to pay more for energy. there's no getting around that. >> this is tax reform in the fact that the gas tax and were also repealing and recognizing that there is a cost of carbon dioxide. somewhere along the line you're taxing the. >> no question. that's right. the modeling we've seen is the effect on gdp will be minimal and something else to do with the legislation as we reserve 10% of the revenues to offset higher energy cost and utility rates for lower income americans. train to how much support you have? >> it's very early. a new and pioneering con that.
11:33 am
we are looking for the solution that can bridge the partisan gap that can help us invest in infrastructure. the administration has made a promise those and we know that our economy needs a thinly made properly. also address the serious environmental concerns many of us have come especially those of us in coastal areas. the cost of doing nothing, ignoring long-term challenges and environmental challenges. >> at the don president trump is a skeptic on climate change. you do know that don't you. >> is also a huge fan of them for structure investment. i really think this is the only way the administration will deliver on the infrastructure promise for 2016 campaign. >> i'll try to figure it out.
11:34 am
president trump trading a big warning this morning. all caps. two iran president rouhani. never threaten united states again or you will suffer the consequence of the likes of which view few throughout history have ever suffered before. no longer a country that will stand for your demented work of violence and death. he cautious. that's pretty strong stuff. are you behind the president on this? >> i'm not a big fan of twitter diplomacy, but i am a big fan of holding the iranian regime accountable. but the longtime united states tried to appease iran, tried to negotiate with them. we don't think i got very far. iranians need to know the united states is prepared to act if iran threatens israel and other allies in the middle east. iran is the most dangerous
11:35 am
government in the world today. they are led by the mullahs whose goal is to destroy our way of life from israel's on the record. i do support holding him accountable. i'm not a huge fan of the twitter diplomacy are conducting foreign policy on twitter. >> iranians get the message. thanks for joining us, sir. we'll see you again soon. here's the restart celebrating success. our next guest went from being homeless and sleeping in her car to the ceo of a construction first-class pretty woman-owned contractor. come on in, april malloy. she is with us this morning. you are homeless.
11:36 am
the ceo of a suit traction company. how do you do it. i will answer ads and i was working and pounding the hammer and just pounding the pavement in making it happen. i started reading plans all night, kept getting jobs and i started getting jobs. stuart: getting jobs? construction jobs? you put in a bid from the backseat of your car? >> literally. >> yes. i had a contract with the lady. her bathroom floors were falling in and i reassured her floor system and rebuilt her bathroom. from there i kept one job leading to another and just kept building up to my gc life and
11:37 am
period of us just how i did it. i overcame. turn to my nebraska to my nebraskan employees you've got now? >> well, it is often on. i don't suffer poor mismatches i used to except for training women. so that is my mission now. i train more women. i have a nonprofit women in power and i used that opportunity to train more women and help them financially get on their feet with the nonprofit nni on multiple companies now. i have shoes that cost production, she's the boss developers. stuart: the same of the companies? >> construction first-class. i also do real estate do real estate enabling platforms to help women overcome. stuart: do you own your own home? >> i have a nice house at every child has their own bedroom. i have two grown kids and i have a seven bedroom home in houston, texas. like i said, i keep hoping more
11:38 am
women. stuart: uri success. how long did it take you to go from homelessness can a single mother, mother of nine to where you are now. with the time frame? >> i was in my car for about a month. i look at my kids do not love you have is a mother. i knew i had to be strong for them. i was lucky when i was a foster kid to have learned the trade in construction. i know that teaching women in training women is the ultimate solution to empower our country. if i can do it, they can do it. stuart: forgive me for asking. i do want to pry here. you have nine children. are they your children? >> i gave birth to all nine. stuart: you gave birth to all nine. any twins? >> no. well, there were a few twins a few twins but they ended up being a single at the end of the
11:39 am
day. stuart: where to from here? >> you know, i'm hoping the administration will come aboard and help me train more women. more jobs in the more jobs the more women i can train. it's all about changing the world. stuart: are you based in texas? >> iem. stuart: that explains everything. >> thank you so much. stuart: i've got to repeat this. without success. we bring success under the program because we love it in your primary example. thank you so much. >> thank you. stuart: moral people come a strange segue. more people have gotten sick from salads that make donald's. >> 153 people have been sick across 10 states and this goes back to the salads sold at mcdonald's. the suspect area found in the
11:40 am
salads. the cdc says 153 of the salads have been pulled from across the rebels in locations across the country. they've been talking a lot about these stories. mono is, possibly salmonella, in the ritz crackers. it impacted the share price by the way. they will report their numbers later on this week. >> who goes to mcdonald's to eat a salad anyways. stuart: i do. a black coffee and a solid works wonders for me. throughout the program we checked different markets. we check stocks, oil and now gold. dunnigan $1225 per ounce than five bucks this morning. comedian on the defenses of telling a joke about indigenous australian women. we'll tell you what he had to
11:41 am
say. conservative millennialist respond. she is a next. first, i wish you chicago, the windy city. it looks like a nice day. that is chicago. ♪
11:42 am
11:43 am
>> i'm nicole petallides victor fox business brief. there have been reports, one particular report that says the apple iphone and google devices and internet fees. this according to the report. apple sold 216 million phones last year. seems on more than 317 million. kim sun and google speeds are faster and even though you spend $1000 on your iphone can for example come it doesn't load website or music or even have high-quality definition pulling up songs. apple has her battle and they use the most powerful ever. it's incredibly fast to handle today's demands. the report though says it's a real-life scenario.
11:44 am
11:45 am
stuart: 18 in seattle harassed for wearing a red monika hat. a man and a women started to harass him. the man reportedly knocked the team down, spat on his hands. pretty ugly situation for young man. joining us now, turning point u.s.a. communications director. i think that is really a dreadful story. do you know, it seems to be happening more and more.
11:46 am
if you go out as an obvious trump supporter come you can be harassed in a very nasty way and i don't like it. i don't think you do either. >> i don't like it whatsoever, stuart. the problem is the left is actually becoming fascists. they are shutting down free speech. they believe they understand what can be said and not beside and people can go out and support their president from our current sitting president. it represents support for america, support for the country and they don't want to see any of that. as i said yesterday, they do not want america to do well. >> you could harass yourself? you become a public person. people know who you are and what you stand for. you could harass? >> i've not yet been harass publicly. i am unsure if they will comment me and do anything because i will not take it sitting down. i will not take that sort of behavior. i commend people who do take it
11:47 am
and allow people to do those things and i will not be one of those individuals. stuart: what if you are an you are in a restaurant manager said we don't like trump supporters in here. your row. what would you do? >> although that situation. it would be ironic to see a manager come over to a black woman. it would be very reminiscent of thing could happen in the 60s and the civil rights eras. i would peacefully sit in. stuart: i want to bring this to you. comedienne and i use that word offensively. michelle wolfram. immigration and customs enforcement ice to isis. roll that tape a minute. >> join us today. and you too tell your isis story. >> isis waging war for everything holy in this country. i guess you could call it a holy war. >> ice, guaranteeing my ticket to heaven. >> no organization is better than i says.
11:48 am
stuart: do you get it? ice, ice is isis. everybody gets it. what do you make of that? >> i think it's pretty remarkable she has a career after the horrific things she said about ivanka trump. but on the love there is a double standard in these women are able to continue to have a career like roseanne. this is an interesting turn their advocating. they want borders, advocating against police officers, disrespecting our troops. the left is advocating for anarchy. despicable behavior shouldn't be allowed but be allowed but emily takeshi will still have a career even after this. stuart: one more for you. the comedian is playing defense because he told a joke. this is back in 2013. i will quote it for you.
11:49 am
all women of every race can be beautiful and i know some of you are sitting there now going trevor coming out, but i've never seen a beautiful aborigine. noah is from south africa. aborigines are from australia. double standard? >> here is what i'll say. he made his bed. he could lie in it. the last two years we watch trevor go around and say everybody is a bit done. he used to show as a political platform to say everybody should be offended all the time. he's truly leftist is what it comes down to analogous to see a society where people cannot take a joke. perhaps they deal to move on from it. trevor noah will have to stand by his word. god has a sense of humor. stuart: would you do with the left does, organize a boycott. would you be in support of a
11:50 am
boycott? >> absolutely i would not be in support of a boycott. i'm against this behavior altogether. they become a society which boycotts everything and it takes away from a boycotting was supposed to be about in this country and has become a joke. women walking around with pussycats because they're upset donald trump is in office. i don't think that's good. it is quite funny and ironic. stuart: should do apologize for that language there, candice? >> is going to to apologize. i certainly wouldn't. stuart: thanks for joining us. always good. come back soon. allow for you. we checked various markets. the dow was down 18. gold is down a little. big coin $7700 per coin. a two or three month high. then we've got this. bike lanes in seattle getting more expensive to build.
11:51 am
if you go to los angeles, i don't understand this. we will tell you a story about bike lanes in seattle costing an arm and a leg. we will tell you the story after this. ♪ is complete! instant purchase notifications from capital one . technology this helpful... could make history. what's in your wallet? with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay!
11:52 am
tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com
11:53 am
11:54 am
11:55 am
stuart: president trump took on amazon today in a tweet. really kind of a rant. in the same sentence he mentioned amazon and antitrust. that did not go down well. i promptly dropped below $1800 a share. deutsche bank says go out and buy the stock. so it has recovered. >> they are seen amazon is going to hit $2200 apiece. up 20% from current levels and they are talking about sales. looking at higher sales growth year-over-year because of their whole foods grocery business. the crowd is doing very well with amazon web services. their best pick in the large cap tech space, trillion dollars valuation. stuart: 2200 they say. here is something else that's
11:56 am
astonishing. how much would it cost to go one mile of a bike lane in seattle. you won't believe this. dan springer as they are and he's got the precise number. tell me how much. >> it is shocking, stuart. everywhere you look nowadays in seattle if you see these green dedicated a claims and it's an appropriate color because they are causing plenty of green. the average is $120 million per mile. 12 times higher than the national rate. on some of these projects. take for example second ave. cost $11 million to build nine tenths of a mile. the priciest stretch of bike lane in the country or world. seventh avenue where i am where cost $3.8 million. just for .5 blocks.
11:57 am
storm, sidewalks. the transportation a few years ago promised to send $94 million for 110 miles of new bike lane. on course to deliver 25 miles. also to build the bike lanes the city is taken away lanes used by cars. increasing gridlock in street parking. >> the bike lanes are out of control spending. they don't accomplish anything and they stop footing the bill. >> in the meantime in los angeles, taxpayers have a different problem. the city is adding bike lanes, but fatalities continue to rise. last year they paid out a record night $2 million to bicycle accident victims and their families. cyclists say this is a good thing because they get people out of cars.
11:58 am
$12 million a mile. >> good stuff, indeed. more "varney" after this. it was the last song of the night. it felt like my heart was skipping beats. they said i had afib. what's afib? i knew that meant i was at a greater risk of stroke. i needed answers. my doctor and i chose xarelto® to help keep me protected from a stroke. once-daily xarelto®, a latest-generation blood thinner significantly lowers the risk of stroke in people with afib not caused by a heart valve problem. warfarin interferes with at least 6 of your body's natural blood-clotting factors. xarelto® is selective, targeting just one critical factor. for afib patients well managed on warfarin, there is limited information on how xarelto® compares in reducing the risk of stroke. don't stop taking xarelto® without talking to your doctor, as this may increase your risk of stroke. while taking, you may bruise more easily,
11:59 am
or take longer for bleeding to stop. xarelto® can cause serious, and in rare cases, fatal bleeding. it may increase your risk of bleeding if you take certain medicines. get help right away for unexpected bleeding or unusual bruising. do not take xarelto® if you have an artificial heart valve or abnormal bleeding. before starting, tell your doctor about all planned medical or dental procedures and any kidney or liver problems. learn all you can to help protect yourself from a stroke. talk to your doctor about xarelto®. to help protect yourself from a stroke. ♪ ♪ . .
12:00 pm
stuart: my time is up. charles payne. it is yours now. >> thank you, i'm charles payne in for neil cavuto. to hear critics and media tell it putin summit was disaster, trade issues are devastating and trump presidency is imploding. new "wall street journal/nbc" poll shows president trump's approving rating has never been hire of the his remarks handling the economy are highest they have ever been. where is the disconnect? "real clear politics" tom bevin. where is the disconnect to this

149 Views

info Stream Only

Uploaded by TV Archive on