>> i really loved the "golden girls." one of the best shows on television ever. >> yes. i will sit at home as i did in college and eat nachos and drink beer and watch "golden girls" and be 50 pounds heavier than i am now. have great day. "varney & company" begins now. stuart: good morning, everyone. walmart, very strong numbers. top line, bottom line, revenue aba and profit all good. investors love the 4.2% gain in same store sales. that tells you the consumer's in good shape and a 40% jump in e-commerce business shows walmart's online operation is in good shape, too. walmart is a dow stock so it's helping the overall average, after a three-day weekend for the market we reopen this tuesday morning with the dow, what, about 1,000 points away from its all-time closing high. down a bit this morning, though. politics. okay, here we go. bernie sanders is running.

he declared formally for the presidency this morning. he wants an economy that works for the many, not just the few. tax the rich is his campaign mantra. senator elizabeth warren running on an ultra-millionaire tax which would fund a $70 billion child care scheme. but another presidential hopeful, senator klobuchar, appears to be moving to the center, leaving the rest of the field to go hard left. she says no to free college. perhaps she's a biden until there's a biden in the race. smart comment. senator kamala harris made her first-ever visit to new hampshire and played to a packed house. however, she flubbed her response when asked about her jussie smollett tweet. she rushed to judgment and called it a modern day lynching. smollett's story is now widely questioned. one more. remember the story we told you about new york's housing authority spending $1,973 per apartment to change the light bulbs?

presidential candidate cory booker says that's a lie. we will discuss. then we have the president on the campaign trail, in a rousing speech in miami, he declared the twilight hour of socialism has arrived in our hemisphere. we live in hope, mr. president. "varney & company" is about to begin. the days of socialism and communism are numbered not only in venezuela, but in nicaragua and in cuba as well. the twilight hour of socialism has arrived in our hemisphere and frankly, in many, many places around the world. stuart: yep. that was president trump slamming socialism. he was speaking in florida yesterday. we'll have more on that a little

later. quickly to your money. we will be down a bit at the opening bell. the dow off about 60 odd points. the nasdaq down about 24. but still, within 1,000 points of the all-time high. the dow component walmart, that reported before the bell today. i think it was a pretty good report, and the stock is up 3%. >> great report card. sales and earnings topping forecasts and also, sales were up 4.2%, a full percentage point higher than analyst estimates. that's a great sign, especially for a dismal holiday period, according to u.s. retail sales, the worst growth we have seen in ten years. walmart actually benefiting from the fact that toys "r" us went bankrupt so they are selling more toys. also, the pre-release of food stamps helped their grocery sales in the back half of that quarter so they were anticipating a government shutdown and walmart says they are giving money back to shareholders, raising their dividend to $2.12.

that's fantastic in a world where there's no yield at this point. e-commerce, of course, they are trying to battle the e-commerce king of amazon, 43% increase in sales in the fourth quarter. yes, online is working for them. stuart: very strong report. it wasn't just pretty good. it was very strong. we will take it. thanks, susan. let's get to politics. listen to senator cory booker slamming a "wall street journal" editorial about the costly ambition of going green. roll tape. >> this is the lie that's going on right now. the guy's a former mayor that shows you you can actually revive your economy and create a bold green future. we environmentally retrofitted our buildings, saved tax payers money, created jobs for our community and lowered our carbon footprint. this lie that's being put out that somehow being green and responsible to the environment means you have to hurt the economy, a lie. stuart: okay. joining us, james freeman with the journal editorial board. you didn't write that article about $1,973 per apartment

perliper light bulb change, did you? >> i'm proud to be associated with it. that shows you the hideous cost of these green ambitions. almost $2,000, as you said, to retrofit an apartment, change the fixtures and the bulbs to l.e.d. this is the new york city housing authority. a lot of people would say why don't first you worry about getting rid of the rats before you go to a better, more efficient bulb. at any rate, why he wants this to be an example. the other point he's making, look at newark, where he was mayor, and look how you can have a green agenda and wonderful economic development. i'm amazed he wants to highlight newark as an economic success story. you drive through that city, and it is vacant lots, it is the story of failed governance, making places that are too expensive for businesses to operate. it's not a success story. stuart: apart from which, he's

claiming that this retrofitting of every building in the country will save money and doesn't cost very much. i'm sorry, but that's nonsense. >> yeah. you have to wonder why, given the democrats seem to understand after 2016 they weren't speaking to people in the industrial midwest, why the next move for many of them is to endorse the end of the carbon economy, basically. you can argue that the planet is going to face a catastrophe and therefore, we must act. you can't argue this isn't going to be massively expensive. stuart: no, you cannot argue that way. you simply can't do that. james, hold on a second. i have more for you. from the "wall street journal" editorial board. senator elizabeth warren reportedly pushing for free child care, which will be paid by taxing the wealthiest people amongst us. wealthiest americans. mark is the newly named strategic communications

director for the trump 2020 campaign. you, sir, are a hot shot. >> i wouldn't say that. stuart: i would. i just did. all right. is this going to fly? $70 billion for free preschool? >> it's just another example of everything is free in this new socialist agenda that's being pushed by the democrats. they just keep running further and further to the left. we haven't even gotten to when they start actually competing in california yet. seeing the amount of free things they are going to promise then. stuart: what about senator amy klobuchar? it seems like she is actually abandoning the leftward tack, going to the center with i'm not going to endorse free college. is she the biden before biden is in the race? >> she is still on board with medicare for all, basically taking over the private health care system. here's one of the interesting things. she said she's going to campaign in areas that weren't campaigned in by democrats in 2016. and to james' point earlier, i want to see her go to wisconsin and talk about the green new

deal's war on cows. i want to see her go to michigan and pennsylvania and talk about the war on cars and motorcycles and boats. these are the things that they are actually campaigning on. in the meantime, president trump's going to be going to those places and saying i added more manufacturing jobs during my first year than at any point since 1997, and your wages are going up as well. stuart: you just signed on, you are the communications director for the 2020 campaign. >> strategic communications director. there's also another communications director. he's got a great team. stuart: last night the president took aim at socialism, went straight at it, and you just echoed that this morning. >> that's really what this choice is going to be about. you are going to talk about the president talking about 5.3 million jobs, paychecks going up at the fastest rate in ten years, or you are going to have let's go to socialism, let's abandon and lose your private health care insurance, let the government take it all over. those are going to be the choices the americans face. stuart: you have to battle millenials who are now 83 million strong and reportedly in

favor to a degree of socialism. >> well, i also think, too, i'm counting on it, that as more of them get out and get into the economy, get those jobs, those paychecks, they will see the value of freedom, capitalism and the private sector's involvement and we can show them that they are better off than they were four years ago. stuart: congratulations on the appointment. good to see you. now, let's have a look at apple. they are looking at life after the iphone. what's this reorganization? ashley: it really began last year but iphone sales are still two-thirds of what apple produces, but that's going to change. they have already promoted their ai chief to the executive team. the retail chief is out, the person heading siri is out. they cut 200 jobs from the autonomous vehicle division and are putting more resources towards hollywood programming. they spent $14 billion last year on research and development and according to morgan stanley, services, the service part of their revenue stream will

account for $50 billion in sales by fiscal 2020 which is just next year. they have to do this because the iphone sales we know have been struggling and all the gadgets, the apple watch air pods, home pod, all of those have been sketchy, a little disappointing, to say the least. they are definitely having to pivot and move away from the reliance on iphones and into other areas. they have a lot of competition, though. look at the streaming. you have netflix and spotify on the music side, you have all sorts of challenges out there. amazon echo, in so many homes now. they have struggled in those areas. they have to reorganize. stuart: a real shift. thanks, ash. check futures. it is tuesday morning, first day open after a three-day long weekend. the dow is going to be down 70 to 80 points. president trump tweeting about the stock market first thing this morning. here it is. had the opposition party, no, not the media, won the election,

the stock market will be down at least 10,000 points by now. we are heading up, up, up. okay. ashley: and away! stuart: mr. trump making his case against socialism. he says it always gives rise to tyranny. sure sounds like the opening salvo of his 2020 campaign against the far left democrats. we're on that one, too. a startling headline about one of our country's most popular tourist destinations. people visiting the grand canyon may have been exposed to high doses of radiation. buckets filled with uranium are left unguarded inside a museum. we have the story for you. more after this. maya. hey! you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. edward jones grew to a trillion dollars in assets under care, by thinking about your goals as much as you do.

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stuart: first day back after a three-day weekend. the market opens again this morning and we will be down, not that much, down about 70 points. the dow industrials down about 24 for the nasdaq. president trump slams socialism in a big speech last night. roll that tape. >> socialism is a sad and discredited ideology rooted in the total ignorance of history and human nature, which is why socialism eventually must always give rise to tyranny which it does. stuart: joining us, mary anastasia o'grady who often covers venezuela for us. he says he will banish socialism in the hemisphere. what do you make of that? >> excellente. i'm totally in favor of that.

i think what i really liked about the president's comment there was that he didn't just talk about the poverty that you get with socialism, but also the repressi repression. that's really important. you can't maintain the socialist policies as we are seeing in venezuela without collapsing all the institutions, making it one-man rule and really repressing free speech and thought and ideas and so forth. stuart: it just doesn't seem like we're close to an end game. a couple weeks ago i thought here it comes, maduro doesn't have long to go now, but he's still there and supplies are on the border. i don't know whether they have been distributed or not. it ain't end game yet, is it? >> as one venezuelan remarked to me over the weekend, this is kind of like a hostage crisis. he's inside the house, he's holed up in there, we have cut off the electricity, we have cut off the water, we have cut off the financing, but i'll tell you, i think he's still there because the cubans have told him if you step down, we kill you.

stuart: really? >> yes. the cubans want him to hold on. cuba wants to maintain that. stuart: wait a second. that's a very serious thing. you are saying hey, if he leaves, the cubans will kill him? >> yeah. i think so. i mean, they are basically saying you have to hold on. the key here is not him. the key is obviously the military. we have talked about that a lot. and i think it is perplexing as to why the military hasn't changed sides yet. we know the rank and file and most of the midlevel officers oppose him. but it's very hard for them to communicate and you can't organize something without being able to communicate with the other people who you want to overthrow the president. so this is the main problem they're facing. i think the key is this idea that the president had which is to reroute all of the payments for venezuelan oil to an escrow account for juan guaido. that means eventually, the government will not be able to pay the military and i think

that will raise the odds of the good outcome that we want. the problem is you have eln, which are drug trafficking terrorists from colombia living in venezuela, and you have hezbollah in venezuela, and you have, you know, a lot of armed militia that belong to, you know, the cubans. so this is i think what we should be worried about. once the president, even if he decides to step down, you have this other problem which is that he may very well have some kind of informal war, not with the uniformed people but with -- stuart: wait a minute. you just said hezbollah is in venezuela. >> oh, sure. oh, sure. stuart: what are they doing there? >> chavez was importing iranians for many years. they had direct flights from caracas to tehran and they weren't to go on vacation. they were bringing iranians to venezuela, giving them

venezuelan passports so they could travel throughout south america because they had, you know, legal passports, and you know, there's lots of ugly things that have been put in place by this regime just for this day. they were preparing for this all along. stuart: mary, that was -- that interview was a revelation. the cubans will shoot him? dramatic stuff. >> it's a theory but i'm pretty sure it's right. stuart: thank you for airing it on this program. we appreciate that. see you soon. let's get back to your money. it's tuesday morning. we will be down about 60 points when that market opens today. senator kamala harris called the alleged attack on actor jussie smollett a modern day lynching. now the story's changed. looks like smollett may have planned the attack but harris is not backing down. you will hear exactly what she had to say about it. the latest innovation from xfinity

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stuart: democrat presidential candidate kamala harris appeared to be caught off-guard when she was asked about the latest developments in the alleged attack on "empire" actor jussie smolle smollett. roll tape. >> which tweet? what tweet? >> about saying that it is a modern day lynching, that --

jussie smollett. >> i think the facts are still unfolding and i'm very concerned about obviously the initial allegation that he made about what might have happened. stuart: that was her response. james freeman with us, "wall street journal" guy. what do you make of that response? >> i think that's how she should have started this whole thing, being circumspect, being careful, saying let's wait for the facts to come in. but we talked about this lunge to the left by 2020 democratic presidential candidates. i think you saw it with a bunch of them. egged on by many people in the media to immediately assume this was true, then not only take off the alleged to basically assume it was true, but then assume that it said something terrible about america in general and then proceed to legislative ideas to fix this horrible thing that's happening in america. stuart: and proceed to blame president trump and link him directly to racist violence.

that's the outrage here. >> again, a lot of people in the media as well, it's not just the politicians who are going hard left to benefit themselves. maybe this is a wake-up call to think twice before -- stuart: exactly right. what makes me so mad is now they want to be cautious. i'm not going to comment until we know all the facts. should have said that in the first place. susan: he said he did such a disservice when he lied about these things in his "good morning america" interview. such an elaborate scheme to perpetrate this. stuart: i can't get over "the washington post" reporter who said i want with every fiber of my body to believe it was true. ashley: that says it all. stuart: she hoped with every fiber of her body that was true. i think that's the precise quote. dear me. i think we better move along. shall we move along? why not. the dow industrials will be

down 50, 60 points at the opening bell. maybe down 20 for the nasdaq composite. we are getting back to the market action today. first time in three days. follow us, please. we will take you to wall street after this. ♪ the first-of-its-kind lexus ux and ux f sport, with the latest safety system standard, best-in-class turn radius and best-in-class mpg. experience amazing at your lexus dealer.

stuart: in 15 seconds we will find out how this market goes. that's susan li ripping up her script. the script wasn't that bad. all right. three, two, one. it is 9:30 eastern time on a tuesday morning. we are off and running. see that 443 points? that was last friday. see that down 41? that's now, today. we are up 45 points. that ain't much. i see a lot of red on the left-hand side of the screen. what we've got here is minor movement down for about two-thirds of the dow 30. ashley: walmart leading the way. stuart: that's right. on the upside, i should say. dow is now down 40 points. that's minus .17%. how about the s&p? that is down a quarter percentage point. a bigger loss there. the nasdaq composite, show me, please, that is down a quarter percent right there. how about walmart? let's have a look at that stock.

it has opened, it's up 3%. solid gain. more on that in a moment. look at apple. big reorganization there, the management team holding at $170 per share. joining us now, we have mike murphy, we have d.r. barton, susan li is with us and ashley, if he looks up, you're on camera. thank you very much. ashley: hello. stuart: checking the news. all right. okay. walmart, terrific report. is that an indicator of the economy and the consumer? >> i think it is. we have strong consumer, we have people spending money but the important number here is the e-commerce. walmart, yes, their same store sales were up over 4% but they are figuring out how to sell to people over their phone. that's really the key. they are going into amazon's territory and actually doing a great job of it. stuart: what say? >> yes. they got those e-commerce numbers juiced because their online grocery business is doing so well. one of the things we have often

questioned. but here's why -- what walmart says about the economy. their foot traffic was up just a little bit but how much each person is spending was up 3.3% year over year. that means everybody that goes into the store is buying more than they were a year ago. that's the sign of a healthy economy. susan: e-commerce growth at 40%, they reaffirmed that for this year as well but it will slow down in 2020 to 35% which might be a little bit concerning but still a lot of growth. ashley: we had the horrible retail sales number for december but if you look at their holiday sales, they were up strong. susan: the prerelease of food stamps as well, because they were expecting the government shutdown. they prereleased food stamps and people went to pick up groceries, and all the toy sales from the toys "r" us bankruptcy over the holiday period. stuart: look at apple. big executive shakeup, right at the top of the company. looks like they are getting ready for life after the iphone. is this a new direction for

apple? >> it is a -- they are changing, they are moving a big shift. it takes some time to move the big ship. i think life after iphone, excruciatingly great sales is more like it. i think that iphone cash cow is going to put a floor under the business to let them do whatever they would like with movies, with ai, and that's going to be positive. stuart: would you tell our viewers to buy it? >> i would tell your viewers to buy it at $170. it's a legacy stock. it's undervalued at 11 times price to earnings. stuart: 11 times? >> it's priced less per earnings than procter & gamble. it's really like a consumer stock. stuart: really. >> yes, it is. stuart: that's a revelation to me. how about you? would you buy it? >> i would buy it at 170. we talk about innovation a lot and how apple doesn't get the multiple of say amazon or the other big techs but they are spending close to $20 billion in innovation. although we have the services

business that's a higher margin business, and the subscription business, the movie business, the music business, but you are going to get innovation out of apple. stuart: sold. all right. check out the big board. the market's coming back nicely, thank you very much. we are down, what, 25 points. that's it. 25,856. almost exactly 1,000 points below the all-time high. when do we get above the all-time high? >> we get there soon. i have been saying it may not -- tough to pick an exact time frame, but i think the important thing for people watching at home is that we will get to new highs. we have -- unless we have some crazy geopolitical event, the u.s. economy is doing well enough to support the market at higher levels than where we are. susan: even in an earnings recession because that's kind of what we are expecting, analysts are expecting negative, negative earnings growth in the first quarter, possibly into the second quarter as well because it was just so strong in 2018. is that really encouraging people to buy into this market,

if companies aren't -- stuart: the earnings season looks backwards. you are looking forwards at where earnings and profits are going to go. >> the market is a forward-looking mechanism. we are looking at future earnings. but i would disagree. i think the market is doing enough. we are not going to get the 20% plus growth. i think the market priced in a major slowdown in the end of last year. that's why we had a 20% draw-down. now look at the earnings that are coming out right now. i think analysts will have to rachet up expectations as we get later in the year because earnings that are coming out are good enough to support higher numbers. susan: for full year. >> for the full year. things like apple trading in the mid-teens, there is great opportunity. ashley: there's more cash on the sideline now since 2009. where did the money go? they say with interest rates low, if you are looking for yield, you get the big dividend stocks. that will get you the yield you want. in other words, with what's going on in china and europe and elsewhere around the world, the

u.s. stock market is the game in town to be in. stuart: well, if you hold on for just a few more minutes, we might see the market turn positive. we opened with a loss of 45 points. now we are down 17. hold that shot for awhile. it's gone the other way. now it's down 15 points. individual stocks, here we go. smaller profit at advanced auto parts but the stock is up nearly 5%. how about that. check the price of oil this morning. is it $55 or $56? it's $55.49. that's the price. pretty close to the high of this calendar year. but the price of gas keeps on going up, inching up, albeit, but up $2.33 is your national average for regular. look at facebook. the united kingdom say they violated privacy laws and the brits call facebook digital gangsters. strong language for them. you sold your position in facebook? >> i did.

stuart: because of stories like this? >> yeah. i think this is just the beginning. facebook will be regulated in some capacity. how it hits them or how the fines hit them, remains to be seen. but i think one thing, kind of one of the main reasons i wanted to sell the position in the stock was if you saw from the brits, they were offended that mark zuckerberg didn't go over and speak in person. they felt that that showed contempt toward them. i think that's part of the issue with the management there. i think it's going to come back to haunt them a bit. stuart: i have a story about google, the parent alphabet, of course. more than 18,000 android apps have reportedly been caught violating the company's privacy policies. 18,000 apps. they follow you around. it's big brother. >> it is big brother with the apps and it's a lot of little brothers, 18,000 of them. and the thing that will be very telling for social media in general and for the digital advertisers, will google do something and police it on their own. if they take strong action on

this, they could shortcut the government thinking they have to do it. we'll see. i don't anticipate that. stuart: big brother has not hurt the stock. >> we have these stories every day. stuart: every day. you're right. >> there's no expectation of privacy at all these days. susan: in this case it's google versus apple story as well because apparently ios doesn't allow for these tracking capabilities. i guess it's probably a better advertisement to use your apple phone than say an android google-made one instead. stuart: fair point. it's been a tough time at the box office. actually, going to the movies. you are not going to the movies. streaming services like netflix, hulu, amazon prime, they may be to blame. who goes to -- who actually -- susan, do you actually go to the movies? susan: no, thank you. ashley: people treat it like their living room. it annoys me. i don't go. >> i went, four seats, $120. that's new york city pricing.

one thing they have to do, i was there with my three youngest kids at lego 2. they have to make the experience worth your time because they are competing with netflix and your couch. you go in, you can recline your seat, they give you a blanket, a pillow, and deliver food right to your seat. that's the selling point. stuart: you paid $120 for four tickets? >> i did. stuart: four seats? >> not including the food. free popcorn, all you can eat. susan: reclining couches. also, don't forget, we talk about the death of the movie theater. it was a record-setting hollywood box office year. $11 billion bought in ticket sales. i think people are just going out, going to movies, they feel wealthier, why not. stuart: we have contradictions about how many people are actually going to the theater as opposed to theater receipts. there's a contradiction there. let's not forget china. china trade, i should say. any progress to report of any

kind? >> i don't think there's any progress but i will answer your dow question. three and a half weeks after we get a real deal on china, that's when we will hit the all-time high. because that will be the catalyst, if we get a real deal. if we get a well, we'll shake hands and kind of agree to do some more down the road, then maybe not. stuart: i disagree. i don't think the market cares. all the market cares, tell me i'm right, is a deal, handshake, smile. they don't care what the deal is. >> you are right. look, to the point, the market is up for six straight days. we are flat on the day today so the market is seeing a better chance of a deal getting done. stuart: well done. gentlemen, you got to go. it was good while you were here. check that big board. just hold this shot, please. now we are down three. now two. now one. buy something. buy something. sorry. just got to go. i jinxed it. i did. southwest airlines under investigation by the faa for improperly weighing bags.

the faa says they are putting passengers at risk. we will explain that one for you. bill gates, the latest billionaire to jump on the tax the rich band wagon. he says it's time to raise the capital gains tax. you will hear what he's got to say after this. ♪ (tranquil music) - but yeah, i've hedged a little. i enjoy buying gold, gold has protected me. i always think and i laugh about it, 'cause when i'm sleeping, my gold is working for me. it's still making money. i feel comfortable. when i got involved with gold and it's something i could physically touch. that i could hold. and it was, no one could take it away from me. i have it, and i have it secured. - [narrator] us money reserve

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apparently the crew had been reporting the wrong baggage weight. this is important for safety because it's significant according to the faa and according to their investigation, some of these cases on average, it's been 1,000 pounds less than what they had marked, earmarked in. this is important for safety because you know, the weight of the plane needs for higher takeoff speeds for one, i guess the landing gear stress as well and then the decreased maneuverability of the plane. it's important, especially if you want to get from point a to point b safely. stuart: it's about safety, not about southwest trying to get more money. susan: or gouging. stuart: or cheating in any way. susan: who checks baggage anyway? i do. stuart: never. i will not make the obvious comment. bill gates' famous higher capital gains tax is so the wealthy pay more. listen to this. >> but the big fortunes, if your

goal is to go after those, you have to take the capital gains tax which is far lower at like 20%, and increase that. stuart: wow. thanks. joining us, congressman tom reed, republican from new york. sir, you are on the house writing tax -- the ways and means committee. what do you make of raising the capital gains taxes to tax the rich? >> well, you know, as they continue down this practice or policy of taxing the rich, i'm glad to be a republican. we are the party of work and it seems like the democratic socialist party now is the party of taxation. i don't support increasing taxes because that dampens entrepreneurship, that dampens innovation, that dampens economic growth. we are all about jobs on our side of the aisle. when you hear this kind of tax the rich class warfare type of politics and substantive

arguments, it's just very dangerous. stuart: could you address specifically raising the capital gains tax rate? what do you think that would -- i don't know what bill gates wants it to go to from i think it's 20% now. i don't know what he wants it to go to, but what impact would it have on our economy, our society, if you raised it? >> you know, capital gains is in the heart of investment return, in the heart of innovation as your viewers all well know. if you don't have that investment incentive, if you don't have that entrepreneurial risk incentive that you have that reduced rate on your return, that is what the capital gains rate is all about. that's what it's protecting. you talk about it, they will try to narrow it to the top 1%. i have never seen a democratic proposal that just narrows it to 1%. it goes after hard-working americans. it creeps into the lower brackets and those are people when they sell their homes, sell their businesses, that's the heart of where the real money is. they are going after money, that's where they will end up. stuart: you are a congressman from upstate new york. i need your comment on amazon

pulling out of the deal to build its hq2 in new york city. i think you, your constituents, will pay a price for this. it seems to me that the far left just does not understand economics. what say you? >> i totally agree with you. the amazon deal first, i criticized the $3 billion deal. that's a huge deal, that's a sweetheart deal for one company, but i recognize that that economic development, that growth for the state would have been positive. but what this should teach us is that we need economic policies, we need policies out of our state capital where people wake up and say we cannot have a vibrant state with taxes that are so high, regulatory burdens are as high as they are in new york. it's driving our people out. at the end of the day, i think maybe we take this $3 billion proposal, spread it to existing businesses in new york and give them a tax holiday and say look, you have invested here, you have thrived here in new york, you have been able to demonstrate you can succeed in this harsh environment, let's invest in those and recover those jobs that have now been lost with the

amazon -- stuart: i don't think the left would have any truck with lowering taxes for business in new york state. absolutely none at all. you know that's true. >> and that's where the people of new york need to wake up to these policies coming out of albany. they are dangerous, they are not good for the long-term vibrancy of our state. we are seeing hundreds of thousands of people leave the state on a regular basis. we need to make sure democrats understand hopefully that join us in an environment of business friendliness so we can have investment, so kids can stay here, families can stay here rather than leave new york state that you are seeing as a result of these policies. stuart: i just can't see another big company moving to new york city or frankly, much to new york state. tom reed, republican, new york, thanks for joining us. see you again soon. >> great to be with you. stuart: the market reopening after a three-day weekend. down 21 points, 25,860. that's where we are. the chinese tech giant huawei reportedly cloning apple

parts and paying its employees to steal trade secrets from other tech companies. what's that mean for the trade talks with china? we'll ask that kwaquestion and answer it, too. you may not know his name but have probably seen his picture. george mendonsa, a navy sailor photographed kissing a nurse in times square the day world war ii ended, has died. he was 95. i don't know what's going on. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪

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stuart: all right. we are only down 11 points now, down 11 at 25,872. how about that. intriguing story. here it is. grand canyon tourists have reportedly been exposed for years to radiation in a museum building. ashley: you believe this? stuart: three five-gallon containers, paint buckets, actually, were moved from the basement up to the museum collections building at the grand canyon. thousands of tourists go through there every year. according to the safety manager, who sent out a rogue e-mail claiming a coverup, says that look, from june 2000 to june 2018, 18 years, people were exposed to uranium, 400 times the health limit for adults, 4,000 times the health limit for children. look, the buckets in question

have been removed. the park itself says everything is safe and it's not responding to these claims by this safety manager, but it is a huge issue because they say it would take a matter of seconds before you were exposed to this radiation. it was next to a taxidermy exhibit within the museum. the buckets were originally in the basement and for some reason were moved into the museum. there you have it. stuart: what a story. very disturbing. a rogue e-mail from somebody in that museum. ashley: the park itself is trying to dampen down these concerns but he's come out and said no, people were exposed for 18 years. stuart: scandal in the canyon. susan: uranium. stuart: the founder of the chinese firm, technology firm huawei, is talking tough. now, what's he saying? susan: he is saying in an interview there's no way the u.s. can crush us and we can scale things down a little bit if -- you know, the founder

denies founding which a u.s. congressional report has accused huawei of being a conduit for chinese spying. they are the second largest smartphone seller in the world, the largest network telecom seller globally, and basically, we have had reports that actually, the governments of the uk and germany are now pushing back against the pressure the u.s. has levied at their ally to stop using equipment from huawei, which will be a boost for the chinese company. however, do you really want to crush huawei? you just cut off their access to u.s. supplies of chips, et cetera, et cetera. that's how you squeeze them. stuart: because they can't live without our chips. susan: correct. stuart: cut off the chips -- susan: they are the largest buyer. stuart: include that in the trade talks. wonder if that comes up. susan: do you think it's a point at this juncture, huawei? stuart: i don't know. probably not, actually. such an advanced stage of the talks, so close to the deadline, probably huawei is not part of

it. i simply don't know. that's true. all right. we have a big shakeup in britain's labour party. seven nps quit over the way it handles anti-semitism. there's a lesson here for america's democrats. my take on that, top of the hour, coming up.

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health care coverage without having to wait for it. stuart: it went unnoticed. britain's labour party split by anti-semitism. democrats here should take

notice because anti-semitism is now clearly visible in the democrat party. representative ihan omar put out anti-semitic tweets. okay, she apologized but later repeated those same feelings. this week she will address an islamic group linked by some governments and banks to terror. acknowledged anti-semite louis farrakhan encourages her. he says jews are satanic. she still sits on the house foreign affairs community. how long can the party contain these two diametrically opposed groups. back to the british labour party for a moment. it is leader jeremy corbin supports boycotting israel and refers to hamas as friends and refuses to condemn a anti-semitic mural in london's east end.

that is why seven people left the party. what is at stake, continuing support of the jewish voters for the democrat party. for decades, democrats have 70% support from jewish voters. if nancy pelosi and schumer don't rein in anti-semitism for their own party that level of support is surely in doubt. the second hour of "varney & company" is about to begin. ♪ you heard what i had to say right there. we'll tackle that subject, anti-semitism within the democrat party very shortly. meanwhile i have breaking news. it is from the housing sector. ashley: homebuilder sentiment, coming in at 62 better than expected, a positive sign for the housing market. we hit a three-year low at end of last year but things are

starting to move up. sentiment move up, current sales conditions, six-month expectations buyer traffic all proving to be more positive, part of that is the mortgage rates are coming down. strong job market, all of this helping to build builder sentiment. which is a good sign. very high expectations for the spring season. stuart: market watcher scott shellady with more on this. is this beginning after modest turn around on housing on the part of the consumer? >> yeah it does. i'm not very surprised about it. i went back and look ad numbers, stuart, last time we had the dow around these levels, s&p at these levels, 3.2% 10-year. we're mid 2.65ish. we've seen the market come back. that is very healthy. your 401(k) is now rebounding but have massive discounted interest rates is flowing through. i'm not surprised to see this at all. stuart: how about walmart? a very strong, actually very strong holiday quarter.

same-store sales way up. e-commerce way up. that is another indicator, i think that the consumer is in good shape? >> the consumer is such a large part of our economy, another great sign. we have consumer coming back. housing is bouncing back. interest rates way off the highs. last time you saw the market at this level. what is not to like about this? looks as though only thing that could derail walmart, try to put the headquarters in new york. who knows. stuart: i just noticed after that housing building indicator sentiment, whatever it is called, the market turned around. now the dow is just on modestly on the up side. we're close to 1000 points away from all-time high for the dow industrials. are we crossing that line? >> stuart, if the economy keeps doing what it is doing and numbers come across the tape like we're seeing what will get in the way of that? trump administration is pro-business and pro-middle

class and small business. a lot of things to like about the economy. when you get an interest rate deduction like we've just seen, since the last six weeks of last year, those things are all good things to bolster this economy. you know me, i like slow growth, nice steady green shoots. we're seeing that now. a lot healthier than we were say three months ago. stuart: scott, thank you very much indeed, sir. we appreciate your input. always. thanks, man. now this, democrat presidential candidate amy klobuchar parting company with her more progressive rivals. listen to this. >> would you support free college for all? >> i'm not for free four-year college for all. [applause] thank you. >> let me ask you this -- >> i wish i if i was a magic genie and could give that to everyone we could afford it i would. i'm just trying to find a mix of incentives. stuart: sounds like she is trying to find middle ground.

katie pavlich, "town hall" editor, fox news contributor. do you agree with that, amy klobuchar moving to the center? >> i'm not going with the approach everybody deserves to go to college and at higher level is a right. the problem with college at higher level because students are in debt because of free money. student loan program incent vice them to sign up for loans they can't pay off. go to college to get a degree they can't really use in the work place. end up, getting out, how will i pay all the loans not employed in the field where i can afford it? amy klobuchar is being realistic about this we'll see how that fares in a primary. going to general election with that comment in primary you're entitled to everything free, howsing health care, education, we'll see if we can make it through. she is thinking about those middle of the country states in the electoral college. not just thinking about far left, thinking about what

happens in michigan and wisconsin, ohio. that is place she can really gain some ground. one thing she didn't discuss, technical schools. she wants community college to be free. it won't be free. someone will have to pay for it. the trump administration through ivanka trump is promoting idea not everyone has to go to college. if you don't go to college you're not worth less than somebody that does, you need to fit into a field that suits you best. not everybody should be in colleges. not that they are not smart enough for colleges, they have skill sets better placed in technical arena, almost heresy. i've been in america 40 years, everybody has to go to college that is what everybody has to do. that is the way you do it. >> we're not saying, going to college is a bad thing, however it has been this attitude over the past couple decade if you don't go to college, you're somehow lesser in the economy. we have six million jobs skills gap, all the technical jobs, pay a lot of money, much more than a

women's study degree, sociology degree from a four year university that costs $150,000. plumbing, welding, all amazing fields that pay a lot of money, that give people and individuals very young age opportunity as entrepreneurs to have own freedom and schedules. we haven't talked about that as equals when it comes to employment. people think college is recreational thing to go do, that is fun. college is supposed to be to train you for the rest of your life in a career. that is what it is supposed to be. we've gotten so far away from that. that is why we have the trillion dollar student loan crisis we're in. stuart: going other way, presidential declared candidate, elizabeth warren, she want as ultimate millionaires tax to fund free child care. she and other candidates heading out there to the socialist

realm, globe -- klobuchar is trying to stay in the middle. >> she is not engaging in the democrats war on mass. guy benson wrote this, war on mass, alexandria ocasio-cortez or elizabeth warren making bogus claim, somehow the tippy-top are going to pay for free stuff for everybody when we know, and math knows if you confiscate all of the wealth from the billionaires and millionaires in this country it doesn't put a didn't in any of the things they want to pay for. national debt is not driven by defense spending or border wall or border security, driven by entitlement programs that need to be reformed. we talk about all free programs, medicare for all, socialism for all. our medicare system will be insolvent in the next 10 to 20 years if we don't do something about it. this will cost everybody. tippy-top, socialism eventually works takes money from

everybody. as margaret thatcher said the problem with socialism you run out of money. other people's money. not your own money. stuart: close to being right. that was good stuff. we appreciate as always. >> thank you. stuart: check that big board. there is very little change this morning, what we're down 7 points for the dow on a 25,800 index. how about that? look at mcdonald's, please. it is a dow stock, one of the biggest gainers of all the dow stocks. it has gone up this morning. that's mcdonald's. walmart also sharply on the upside after they reported very strong earnings and sales this morning. how about those big tech companies, can we check those please? have we got them? not sure we got them this morning. having trouble, there they are. apple is down a little but it is at 169. alphabet up. microsoft down a tiny fraction at 108 per share.

now this, president trump says the twilight hour of socialism has arrived. the days of communism and socialism are numbered in her hemisphere. is that the president's attack line on the democrats in 2020? we'll bring up the subject. if you didn't hear my rant i like to say at top of the hour, ihan omar apologizing for the past comments. this weekend she addresses an islamic group with links to terror. support of democrats by jewish voters could be in doubt. we're on that story. presidential candidate kamala harris caught off-guard when asked about the latest developments in the jussie smollett case. you will see her response. we cover it all on "varney & company." just getting it going. ♪

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and 4% on entertainment. now when you go out, you cash in. what's in your wallet? stuart: we turned positive, only just. we're up nine, eight points on the dow but we're at 25,893, real close to 26-k. look at this, papa john's, analyst at stifel-nicolaus says sell it. they're warning that the pizza company's recovery will take longer than expected. that is enough to take the stock down 2 1/2%. similar story from weight watchers a downgrade. jpmorgan, says sell it. fewer people using the service. the stock is down whopping 7%,

down on weight watchers. back to my take, top of the hour, seven members of britain's parliament quit the main opposition labour party, accusing leader jeremy corbin of letting anti-semitism flourish. meanwhile over here, nation of farrakhan leader louis farrakhan tells congresswoman omar not to apologize for comments on israel. we have the rabbi moscowitz with us. i was glad to see labour party, some of them renounce anti-semitism. i'm waiting for same thing from america's democrat party. do you think we'll see it? >> probably not actually. when ihan omar entered as freshman, immediately the democratic party appointed her to foreign affairs committee. that is something democratic party leadership had direct hand, we've been warning for a while about the anti-semitism

she was professing before the election. nonetheless the democratic party decided she should be appointed to foreign affairs committee and give her a bully pulpit to propagate her message. stuart: is there room in the democrat party for someone who i would call an anti-semite and jewish voters? is there room, can they stay in the same party? >> you would think not but unfortunately we see that is happening. the democratic party leadership clearly is enabling her. the apology she had was just words, nothing more. in fact, the fact she will be attending this fund raiser is clear indicative nothing has changed and the fact that louis farrakhan is coming out and defending her, she is not actually distancing herself from louis farrakhan which she should have done on social media is clear indication she does not feel any different, in fact when she said that israel has hypnotized world, she believes it is all about the benjamins

that is nothing more than the truth for her. stuart: what would your advice be to jewish voters? >> she should switch over to the party that welcomes, them, the republican party. under leadership of mccarthy we seen there is no room for hate and bigotry for republican party. steve king was stripped of all his assignments. we would hope that the democratic party would do the same as well. stuart: do you expect that to happen? >> no. stuart: for the past several decades, as i understand it, more than 70% of jewish voters have gone with the democrat party. do you have any reason to believe that will not continue? >> no, i believe we're seeing carbonization of democratic party, for many jewish party. stuart: that is strong stuff, corbinization of the democrat party. jeremy corbin, the man is anti-semitic. he is anti-semtech. >> i think that many of the democrats want to attract

younger progressive democratic voters but many jews will leave the democratic party because of that. stuart: rabbi, sorry to cut it short on timewise, wee very tight on time. that is the way it is. rabbi, come visit us again. >> thank you. stuart: hold on on, you have tot still while i read something else. television is mean creature, sir. citgo removes executives with ties to president maduro. explain this one. ashley: citgo is the u.s. refining arm of venezuela's big state-run oil company. so what we are trying to do is shut down the revenues from oil to give money to maduro. right now as it stands under u.s. sanctions if citgo takes in venezuelan oil, all the money goes into the bank account of juan guide do i. that is it. they're changing board members. three appointees from the maduro

era, from the maduro cabinet will be removed. they were already taken out yesterday. they're trying to make the board of citgo more favorable to juan guaido and his administration. in other words, trying to control of sit go board away from maduro. stuart: you're seeing headlines about social media companies. the brits are saying facebook violated privacy laws. some in britain call facebook digital gangsters. they want regulation big time. will we see that here? judge napolitano on that one. he is with me next. ♪

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stuart: here comes the judge, yes indeed. but first, have a look at facebook, not doing much this morning. it is down, it is up 50 cents at $163 a share. the story behind this is, is the brits. they say facebook intentionally violated privacy laws. the brits are calling facebook, digital gangsters. strong words. the judge is here to fix everything up. >> fix everything up? [laughter]. stuart: not that you're a fixer, but you know what i mean. >> i know what you mean. stuart: is facebook in legal trouble in britain? >> yes. i mean, you know the privacy laws here are rarely enforced because the government is the biggest violator of them. in great britain, even though the government violates the privacy laws they are enforced and they are stricter than here. this is a fining by parliament. this is not a finding by a

court. members of parliament said you're gangsters, you're guilty, we're coming after you. parliament can't prosecute. parliament just like the congress here can refer whatever evidence it is accumulated to the crown prosecutor and the crown prosecutor can start a case against facebook. will that happen? i don't know. if it does don't look for anybody to go to jail. look for the public purse to be increased of course. stuart: it's the money. >> what will happen over here? i don't know what's going to happen over here. stuart: no. >> if you read these allegations in great britain, the allegations are that facebook so interfered with the brexit vote, it is as if theyfacebook was another campaigner and it violated the campaign laws but not registering as an active campaigner in brexit. stuart: they were, i don't know this but i presume they were campaigning for the brits to stay in europe, not leave? >> did not say which side

brexit, which side of brexit they were allegedly on. where did parliament get the documents from? from a litigant in california who sued facebook and in the process of discovery, got millions and millions of documents, shipped them to a friend who works for a member of parliament. parliament conducts an inquiry. over the weekend all of it was exposed to public. stuart: that is fascinating. >> it is fascinating. i don't know if there is any impropriety publishing produced in discovery in the california case but when something like this happens on a massive scale, if the british people are victimized by a massive violation of privacy, then parliament is doing its job by exposing that. stuart: could it be that the brits who do not have a written constitution are working more in favor of individual liberty and freedom than we are in america? >> in a word. yes. [laughter]. stuart: glad to have you back, thanks, judge. >> pleasure. stuart: now this cbs news

correspondent lara logan really attacking the mainstream media of its propaganda-like coverage of president trump. claiming liberal bias. brian kilmeade tackles that one for us shortly. it was the worst press president's day weekend for the box office. is that the netflix effect? we're on it. ♪ the fact is, americans move more than anyone else in the world. on average, we'll live in eleven homes.

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♪ lucy in the sky with diamonds ♪ stuart: it's a an old favorite. it is not about lsd, stuart. ashley: whatever you say, stuart. whatever you say. stuart: you people.

it's a great song though. pools of sorrow. that is the wrong one. that is all across the universe. i can't remember the words. ashley: i do. stuart: susan sing it for me. boat on a river. marmelade skies and marshmallow something or other. something hike that. ashley: that wasn't bad. stuart: great song. great song. nothing to do with lsd. down nine points on dow jones industrial average. how about that? walmart, great earnings report this morning up she goes. nearly 4% higher. that is walmart. big tech, that is a mixed bag, in overall go nowhere market. we do have apple down, amazon, facebook, alphabet are all up. microsoft virtually unchanged, down two cents at $108 a share. let's talk apple. they are in the midst of a company-wide restructuring. they will focus more on the service side, itunes, the app store, et cetera, et cetera.

moving away from dependence entirely on the iphone. mark lehman with us, jnp securities president. mark, welcome to the program. good to see you. >> good morning. stuart: is this the start of a brand new direction for apple? >> well it's a start. i would not say it's a brand knew direction. i would say they have been moving towards the services side of their business for sometime now. i think the wow factor of the iphone which is 10-year-old product has diminished when each new generation comes on. they have a few good things with each phone, better camera, but it is now a wow device now. they have a billion embedded devices globally. they will play off the billion embedded devices globally and play off the services margin and that will be better for the company. stuart: that is almost a utility, milking the installed base, what we want of apple, what we think of apple as, innovator, somebody with a brand

new, super-duper product. they're not going in that direction anymore, are they? >> see what they have done since they started started with the ia decade ago. the watch has become a powerhouse for that side of the brand. headphones are a powerhouse for that brand. a lot of way they will use the embedded devices to win. we probably won't see a blockbuster device like we just described but we'll see offshoots of that going forward. we haven't talked to some things we're looking forward. autonomous, vehicles, the home, entertainment, lots of ways i think the apple brand. obviously we haven't begun to mention computers and ipads. we keep saying there is nothing new, we mentioned three or four products in the last decade that have become 100 million, billion dollar products. stuart: mark, i'm reading between the lines. i know you don't recommend individual stocks but you sound like it's a pretty solid stock at $170 a share, would you agree

with that? >> i would. let's look at couple things. the free cash flow which you know is extraordinary. their share buybacks which have been remarkable. you look at the dividend. a gentleman by the name of warren buffett who bought a quarter billion shares over last couple years who believes in the products and a cash flow master. i am recommending it, because we set the table a lot lower at the end of the year when they missed earnings, when the stock went from the magical trillion dollar market cap down 25%. it recovered a lot since then but valuation is not extreme. stuart: i want to talk to you about streaming and the box office. as i'm sure you know, mark, the worst numbers from the box office, cinemas, over the presidents' day weekend, the worst box office in 15 years. are they feeling heat from movies streaming like netflix? >> absolutely. that is a theme obviously playing out for the last decade, will continue to play out.

you look at the amount of content by the streaming services whether netflix, amazon, apple. netflix will get into the business. look at quality of content. let's watch oscars in a few weeks to see where the oscars are going to. they're getting afflicted by that the quality of content on home devices is extraordinary. look at the weather we've had in the united states over the last six weeks since the beginning of year. look at the streams services look where netflix's stock is. netflix stock sup 50% since the bottom in december, 50%. look where content is being created, look where market cap is being created, it is in some of those companies. stuart: i'm reading between the lines. you think netflix is solid. does it go to $400 a share? >> i will not predict where the stock will go to but investors on various programs talking about how expensive the stock was, they were right, had a chance to buy it, stuart about a third lower six weeks ago and

i'm not saying to buy it in the mid 3 hundreds but if you get a chance, a fraying of the nerves like we had in the fourth quarter, you have an extraordinary chance to buy franchises you didn't see in a long time, right? amazon was down 30%. facebook was down almost 50%. look where they recovered to. i have been saying for a long time, internet economics lead towards monopolies. you mentioned three or four basic monopolies. apple being one of them and amazon and netflix as well. you get a chance to buy them with the discounts they say i would have investors pay attention. stuart: mark lehman, your first appearance on the show. sir, it will not be your last. we like you. you'll be back. >> thank you, stuart. stuart: whether you like it or not. appreciate it. what have we got now? check that big board real briefly. we were break even point. ashley: we tried to go positive. we tried. stuart: we went up 10 points at one stage. ashley: yes. stuart: walmart is a dow stock. walmart is way up and that helps

the dow to the tune of 22 points but even sew -- ashley: if it wasn't for walmart we would be down 60 something. stuart: better way putting it. well-done, son. walmart is up 3 1/2% as we speak. it is that time, joining us on the radio, brian kilmeade, the host of the "brian kilmeade show." let me see where you are. okay. are we listen to something, 2020 candidate kamala harris answering a question on the jussie smollett case. roll tape. >> which tweet? what tweet? >> about saying this is modern-day lynching. sorry. >> jussie smollett, i think the facts are still unfolding and i'm very, concerned about obviously the initial mitigation that he made about what might happened. stuart: back up for a second. kamala harris originally tweeted the smollett attack or alleged

attack was a modern-day lynching. his story is under suspicion. what do you make of her response, brian? >> she is responding to the fact that he had a noose around his neck. he bought it. gave the. >> i gearian brothers -- nigerian brothers. the two brothers show up, the story is so credible, they are let go, no longer suspects. he lawyered up. he doesn't want to talk to them. kamala harris decides she wants to weigh in this right away, knee-jerk reaction. modern-day lynching at a time people are concerned about racial tensions in our country, this story comes out. as a leader, she has a big f. it's a fail. you don't want to overreact to situations like this. stuart: wait a minute. not a question of overreaction. this is a question of jumping on board the bandwagon which says president trump is a racist and

connected to racist violence. that is what these people did. that is what they jumped on board with. that is outrageous in of itself. >> i mean kamala harris didn't come out and say donald trump is responsible for the lynching. you put two and two together, as cory booker said that is the sense in this country, he used statistics that are sensible, more hate crimes by white supremacists than al qaeda or isis in america. she is using an example about an incident totally concocted i get that. president obama credit, he never overreacted to racist situations outside of cambridge professor. when he was a candidate he was reluctant to talk about race at all. she was not. she jumped right in. by the way evidently there is picture of her online i saw this guy jussie was at one of her events. he despises president trump.

stuart: i want to get your comment on journalist lara logan calling out the establishment media of negative bias and coverage of president trump. roll that tape. >> they simplify it all. there is no gray, there is no gray. it is all one way. well life isn't like that. if it doesn't match real life, it is probably not, something's wrong, right? that is not our job. that is a political position. that means we've become political activists in a sense and some could argue propogandists. stuart: wow, that comes right out with it, brian. >> lara logan doesn't do politics, but she is known as a no-nonsense war reporter that is tough as any guy, male or female out in the fight. for her to come out, tell it like it is doesn't surprise my. she does it to a green beret, excuse me, special operator, navy seal, that has three best-sellers, they have a podcast there, they speak for two hours. she is 100% right. anytime someone says, everybody

is all wrong or all right, you're not doing journalism. she says sometimes in the stories, single sources, screaming headlines. that is the not way she does thing. that is not how she learned journalism believe it or not, in south africa. she comes here wonder what is going on in the political system. i don't think she is working at cbs right now. i'm curious with someone her reputation, what she has been through personally, "60 minutes" and beyond, will she have trouble getting another job if she chooses to work? stuart: very good speculation? >> are you looking for full time correspondent? could she join "varney & company." stuart: i have no comment. you did okay. >> offer dental. if you were "varney & company," full dental. no deductible am i right, stuart. ashley: [laughter] stuart: are you saying i have bad british teeth? >> i'm not saying that at all. benefits of the a-plus staff i didn't hear this about british

teeth? what is that? stuart: time's up. you're all right despite it all. >> thanks, stuart. stuart: let's get serious. illinois is thinking about taxing, taxing your private retirement fund to pay for government worker pensions. take it off the private sector, give it the public sector. next hour i will talk to grover norquist about that. americans for tax reform guy. i imagine he is not a fan of that illinois idea. first though, president trump says the days of socialism and communism are numbered in our hemisphere. sounds like opening salvo in the 2020 campaign. yeah, we're on that. ♪ it's absolute confidence in 30,000 precision parts. or it isn't. it's inspected by mercedes-benz factory-trained technicians.

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♪ ashley: new york congressman tom reed says bill gates desire to tax the rich more will only scare off economic innovation. take a listen. >> well you know, as they continue down this practice or policy taxing the rich, i'm glad to be a republican. we're the party of work. seems like the democratic socialist party is the party of taxation and i don't support increasing taxes because that dampens entrepreneurship. that dampens innovation. that dampens economic growth. we're all about jobs on our side

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stuart: it is a very narrow loss on the market at this point.

down 30 points for the dow. the level is 25,850. that means we're 1000 points away from the all-time record closing high. let's get to politics. president trump says he wants to get rid of socialism in the western hemisphere. watch him say it. >> the days of socialism and communism are numbered not only in venezuela but in nicaragua and in cuba as well. [cheering] the twilight hour of socialism has arrived in our hemisphere and frankly, in many, many places around the world. stuart: all right. come on in fred fleitz, former national security council chief of staff. fred, welcome back to the program. good to see you again. >> stu, say you. stuart: is this trump doctrine for the americas, rather than like the monroe doctrine a couple hundred years ago? what do you think? >> it is very interesting, venezuela is really a classic case of the failure of socialism in this country, that is so rich

with oil, there is almost no electricity because they nationalized electric grid. it discouraged investment in something this country should easily have. i think the president believes the failure of socialism in venezuela will rub off on cuba, it will rub off of nicaragua. let's be clear, this is direct criticism of socialism in the democratic party. make it clear with all the democratic candidates toying with socialism, you're pursuing a wrong road, pursuing a road of failure. stuart: sounded to me like it was opening salvo of the president's 2020 campaign. on the surface it was going after venezuelan socialism, nicaraguan socialism, cuban socialism. believe that it was going after the socialists running for the president sy in america. opening salvo. what do you think? >> i think that's right. a lot of americans don't understand why socialism doesn't work. why it takes away your choice.

it represents the elites trying to make decisions for you, destroying the capitalism system. we look at nicaragua, cuba, venezuela. this is where this leads. i think the president has a golden opportunity to do this right now. focusing on failure of venezuela. stuart: if the 2020 election is a straightforward fight, capitalism, versus socialism, who wins? >> i think trump wins hands down. first of all, look how the economy is surging because of the president's policies, the president's efforts to get rid of government regulation, the president's promotion of capitalism. he can compare it to the failure of venezuela, big plus. stuart: i don't understand why the democrats are going so far out there to the left? i don't understand it. can you explain why they're doing this? >> you know, i think that it is, it is a fact that young people don't understand history. they don't understand the capitalist system, how successful it is. they don't understand the costs

of a guaranteed government income which some of the candidates are talking about, free health care, free college. who is going to pay for that? stuart, you know very well, your former country man margaret thatcher had a famous quote on this. stuart: you want me to give that? why don't you do it. go ahead, fred. sound okay with an american accent. >> the problem with socialism, eventually you run out of other people's money. stuart: precisely. >> that is the point the president will make when he looks at nicaragua, cuba, venezuela. all these things presidential candidates are promising we don't have the money to pay for these things, well-put, fred. come again soon. >> thank you. neil: stay with fox business. trish regan will speak with juan guaido this evening. he is venezuela's opposition leader. we recognize him as president. he is on trish's show tonight 8:00 eastern on the fox business network. i will speak to mercedes schlapp shortly, white house

director of strategic communications. president trump taking a firm stand against socialism sounds like the opening shot of his campaign. she will respond to it. more "varney" in a moment. ♪ my experience with usaa has been excellent. they really appreciate the military family and it really shows. with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. it was funny because when we would call another insurance company, hey would say "oh we can't beat usaa" we're the webber family. we're the tenney's we're the hayles, and we're usaa members for life. ♪ get your usaa auto insurance quote today.

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.. stuart: down 47 points. not a huge drop, but that is 1.1 of% or 25 pointed as the level. possibly the most riveting and yet jarring story of the day, here it is. the kardashian and gender sisters have a plan to make even more money for themselves. i admire and respect them. tell me all about it. >> we do have reports appeared first of all, let's get into the net worth of these individuals. kylie jenner is worth $900 million according to "forbes." kardashian last around $300 million. they have a lot of children now so they thought let's brand our kids. trademark her children's names. kim kardashian have filed trademarks. state north, chicago west.

same for quality kardashian spirit her child's name is true thompson. of course a big moneymaker, her new baby is called stormie webster. stuart: that's a great name. i want that. they use the names on clothing lines, toys, skin care. stuart: if you can make money for being famous like that, have talked to you. then we have the daytona 500. killed it in the ratings. ashley: the nba all-star game had a five-point over fox and the daytona 500 had a five-point eyes up 8% from last year's race of the last years was a record low. however, the closing stage of the daytona we showed yesterday was marred by multiple crashes as you can see. that's the aftermath but a lot of crashes that may have given it a ratings boost. stuart: i think so.

we are going to do something we don't normally talk about on this program. that is the deep state seems clear. top officials of the fbi talked openly about removing president trump from office. sounds to me like a deep state coup attempts state coup attempt state coup attempts. more on that top of the hour. here we go. ♪ lease the 2019 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. our grandparents checked zero times a day. times change. eyes haven't. that's why there's ocuvite. screen light... sunlight... longer hours... eyes today are stressed. but ocuvite has vital nutrients... ...to help protect them. ocuvite. eye nutrition for today.

stuart: may 2017 come in just a few months into the term presidency, top people at the yet ei and justice department got together and discussed removing the president from office. that's pretty strong stuff, right? they talked about whether the vice president and a majority of the cabinet could be brought together to get rid of mr. trump. they would use the 25th amendment to the constitution. all of this because mr. trump had just fired the director of the fbi. president trump calls this the biggest abuse of power and corruption scandal in our history. senator lindsey graham called it one of the most significant moments in our history. harvard law professor says it was clearly an attempt at a coup d'état. strong stuff indeed. this program has not offered daily coverage of all of this maybe because it's had no direct

financial impact and because we don't want to get bogged down in legalisms in endless detail of who met who, when and where. but now, the fog of detail has cleared and we can report with clarity top officials at the fbi and justice did talk about removing president trump from office. they did talk about wearing a wire to trap the president of the united states. they were panicked by his election and they did try to ruin his presidency. yes, dad is a deep state coup attempt. case closed. that's exactly what it is. the third hour of "varney & company" is about to begin. ♪ stuart: by the way, later this hour of mercedes slap, want to know she thinks about what i am calling a deep state coup d'état.

check the big board. we are down 37 points. not that much movement. majority of the dow 30 are in the red. that means they are down. look, we got eight straight weeks of gains as we start this new year. it is looking good. our next guest agrees with me is looking good for the future. ryan pan with paying capital management with us again at 1.. here. you say the market hasn't yet priced and fully a trade deal with china for the federal reserve. not going strong on interest rate hikes. >> we talked about this last time you're coming off such extreme lows in december. so if you think about it like last year we had earnings of 24% across the board in the stock market goes down six. a huge dislocation of how companies have done and basically were stocks are priced right now even with this come out in the market. stuart: you still think we've got a ways to go on the upside to catch up. >> that's right.

exactly right. also there so much cash that lets the market last year. $260 billion leaf equity funds. most people missed the boat on this rally sitting on the sidelines wondering do it wondering do i get man, do i wait. good news like china lets say we do strike a deal. see a capitulation to the upside where people are like i have to get out of cash now. i've got to get into the market. stuart: a couple of items here in the consumer, first of all retail. wal-mart stock is way up today after their reported stronger profits in very good sales during the holiday quarter. so that is a plus for consumers. and then the new york fed just out with a new report says consumers will spend more this year than they did last year. that puts the consumer and the driving seat for this economy. >> that's good because economy 70% by the consumer. if the consumer is doing well the economy should do well also.

stuart: all the doom and gloom stories. the consumer can't afford this, can't afford that. nobody's got enough money to meet an emergency. on a $400 in the bank. all these tales of woe wiki. and then you get this from wal-mart. >> you with and it's like 70s in england, but it's not. >> why did you bring that up? >> you brought that up two episodes ago so i was thinking about it in my mind. >> music was great but the economy was sent. stuart: the opposite in america now. it seems like this really is a booming economy and the consumers leading the way here. >> nobody believes it. the thing that we forget is the consumers a lot more conservative now than they were pre-2007 recession. at that point people were much more leveraged out. people were making more money right now.

but there's just a lot more cautious than they were, which is a good sign. it's healthy. stuart: are you millennial? >> i'm just outside of it. age 40. i just missed it. stuart: millennial star now the largest age group in the country. 83 million millennial and they all are of voting age. so what are they investing in? >> we find now because we have a lot coming into our office come a lot of financial advisors as they have a lot of money sitting in cash. they're actually very, very conservative because they were at home when the recession hit. ironically baby boomers are much more aggressive than the millennial generation just because they're way more cautious with their money. they've been in cash for a very long time. stuart: get out there and buy some stock. >> of course. you could tell them to buy some bonds. that doesn't seem like the right approach for millennial through

530, 40 years ago for retirement. >> you need to tell millennial seeming to start to take some risk. stuart: that such are telling them? >> absolutely. absolutely bullish. stuart: a brand-new high for the dow industrials. >> talking about it on the show. stuart: i look forward to it. too much for us. we appreciate it. switch gears and let talk about the great new deal. this was senator corey booker's response to a bombshell editorial in the journal does that cost $1973 per apartment in new york city to change the light bulbs. roll tape. >> papillae is going on right now. but i was a former mayor of the shows who you can revive your economy and create a green future. we've environmentally retrofitted or buildings, created jobs for a community and lowered her carbon footprint.

somehow been green and responsible to the environment means you hurt the economy alive. stuart: okay, lie. advisory board member for the president's reelection campaign and i believe they millennial. welcome to the show. what do you make of senator booker statement there? >> your retail and other economically illiterate democrat coming out and talking nonsense. look at "the wall street journal" reports attack about 23 housing developments with led lightbulbs that cost over $33 million. on top of that the upgraded heat which cost over $68 million. think about doing us across the entire country is entire country as a result of something as ridiculous as the great new deal been implemented. with the type of money they spend on a great new deal, we build 8000 border walls. it doesn't work as i've talked about before and corey booker needs to sit down and look at these numbers. i can imagine if he actually looked at these that it really believe this is going to work.

stuart: 16 states are suing to block the president's national emergency on the border wall. however, i think you are saying that mr. trump wednesday us. make your case, please. >> yeah, think he does. he expected these cases that pop up after the national merchants he was declared. very similar to the travel ban and ultimately rose to the highest court in the country. we'll see something similar happening here and it's going to most likely be overruled for a ruling against him. when you look at the argument against the national merchants easier, they're relying on 1950s case out of youngstown actually and i don't think it's going to ultimately set the precedent for this case because a note of the national emergency act was actually put into effect over 20 years later in 1976. they will look at that enough broad power the president has been given and it's well within that power. stuart: as the millennial age or one of 83 million millennial's who are voting age. i put it to you that if you vote

today come in those millennial swing vote heavily for the democrat candidate. we take me on that? >> we don't know who the democrat candidate is going to be yet. when i look at millennial says about them but they are voting further to the left in the right, but that's also a lack of voter legislation and is actually an interesting video on campus reform put out talking to millennial set the university of miami campus asking them about the great new deal. usm probably do support it they say yes. when you tell them what's in it they say absolutely not. we don't support that. blah males are more conservative than we give them credit for. they don't know what's in a lot of these plans and we continue to educate them. stuart: thank you so much for joining us. i'm sure you're part of the education process. >> i certainly try. stuart: on the snow more liberal lunacy on the college campus. this time in syracuse. they are going up to the constitution. why the school thinks the cons edition alienate some students.

we are on it. homebuilder sentiment of enough last month improving as the housing market are new to turn the corner. we will ask the question and get an answer, too. the economy up on all cylinders for small business optimism dropped to his lowest level since the 2016 election. we will talk to the head of the largest small business group in the country. i want to know what's really going on here. president trump taking aim at socialism during a speech in miami telling venezuela nicolas maduro that it's time to step aside. watch this. >> so today i ask every member of the maduro regime, end this nightmare of poverty, hunger and death for your people. let your people go. set your country free.

stuart: let's get back to those housing numbers. homebuilder sentiment up in the month of february. and look who we have with us via jerry howard, president of the national association of home builders. welcome back are good to see you again. >> good to see you, stuart, thanks. stuart: is the housing market finally starting to pick up and

come back a bit? >> i think the fact is that a slowing down on interest rates, consumer confidence is high. that's where the builders confidence is a little bit up right now. so we are hopeful. however, there's some gray clouds on the horizon in that the opportunity index, housing affordability is still at it lowest in 10 years. we are getting kind of a mixed message right now. stuart: is that why sentiment till is relatively low because of the affordability problem? >> yes, sir it is geared absolutely. stuart: i don't get it. with mortgage rates for .5% on a 30 year fixed-rate loan, if you take an adjustable, the initial rate is much lower than that. i understand the price of homes has gone up, but is it ill that unaffordable at a time when incomes are indeed rising nicely? >> well, you have to look at the local land-use regulations add to the cost of the house. california builders the other day told me to build a new home

in california, for example, 40% of the costas and regulations. that's one of the most unaffordable states in the union. that's one of the best examples i can give. stuart: 40% of the cost of building a new home in california comes from rules and regulations. >> that's what i was told by some builders just yesterday. stuart: what do you make of this great new deal where every single building in the entire country would have to go through an energy audit? what would you make of that? >> when you look at the age of the fisting housing stock in new york for example, you're going to raise the cost of homeownership and raise rent just outrageously and beyond the scope of most americans. stuart: the big show right there, is that correct? >> yes, sir. stuart: what was the sentiment about the great new deal on about rules and regulations? >> we applaud what the president

has done in terms of reducing regulatory burden that the regulatory at federal level. they're still great concern about state and local regulations. adding to the cost of housing in the great new deal is something our members and i think most small business people in america just don't even find plausible to discuss. stuart: i'm going to ask your question and i don't know whether you've got the answer yet, but for many years when i was a bit younger i watched new homes being built to make up a very bigger and bigger. but as i understand it, new homes are now starting to get mueller and smaller. is that accurate? >> yes it is. the size of an average new home has decreased from 2500 square feet down the 2300. the reason for that is simply first-time home buyers are willing to sacrifice size in order to how technologically that houses. they make the trade-off. stuart: what is the big new thing in new homes? >> right now the biggest new thing is the technology that's

going in. the houses are getting smarter and smarter, more energy-efficient. stuart: i've got a new apartment and in that there is this thing called and asked, that little thing on the wall. what is that? ashley: three thermostat. stuart: not a thermostat. a nesting. i hate it. i take it that i'm totally allowed. most people buying a new home with a nest on the wall love it. >> people do enjoy the technology. there is technology out here where you can control your thermostat. i can control your thermostat in new york from here in las vegas that that's what we want to do. stuart: that's just great. if you can do a wonderful. thank you for being a good sport on the show this morning and i'm sorry about the nest question. there you go. see you again soon. ashley: i told you as a

thermostat. that's why it's not working. you didn't know was a thermostat. stuart: moving on. close to $4000 a coin. hope springs eternal. how about the price of gold. the price of gold is $1340 per ounce. it's gone consistently out. it is up 18 bucks today. what are you squinting eye? ashley: at the safe haven play, but there you go. stuart: $13.40 an ounce. how about oil, 55.63 is the price they are. the price of gas keeps on inching higher. now the national average of $2.33 per gallon. by the way, looking up the list of states. there is in a single state in america where the average prices below two bucks. a couple weeks ago 10 feet under $2. now there are none. by the way, gas in california is

now more expensive than in hawaii. ashley: no. stuart: guesser. have to be rescued at sea world in san diego they were trapped on a sky ride for hours last night. the gondolas manufactured after a malfunction, after a gust of wind tripped or circuit breaker. no one was hurt, but it was scary. 2019th biggest superman might enough the skies overnight. up for 14% bigger, 30% brighter as it moves closest to the earth. if you didn't say last night, don't worry it will still be visible in the sky tonight. a new study looks at the most congested cities. the ones with the worst traffic. and here's a hint. neither new york nor los angeles is the worst. we'll tell you which is the worst in a moment. ♪

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found in working condition. the computer was discontinued back in 1993. by the way, didn't even include a monitor. you had to shell out extra for that. $5000 in today's money for the whole thing. still works. another list for you. the 13 most traffic congested in america. you think it's new york, los angeles, both from. boston takes the top spot. people in boston lost an average of 164 hours waiting in traffic in 2018. number two, d.c. third chicago, fourth new york, says los angeles, california. to show you this video from the tampa bay hockey match. a rope talk flew into the announcers booth almost and a commentator ride on the noggin before it hit the plexiglass class screen. fraction of an inch. and then there's this.

illinois considering the plan to attack the private retirement plans of people in the state so that they can pay retired government workers and the state. grover norquist coming out. he said that plan would drive more people out of that state. check the dow. we are down 29 points. not much of a big change in stock race so far today. we do have china trade talks getting in the way again today. the deadline is march the first. no impact on the market this morning. ♪ - hi folks, i'm matt mccoy.

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- i would recommend the hartford to friends, relatives, anybody. - and certainly when we needed them, they were right there for us. it was pretty impressive. - [announcer] call the hartford at. to request your free quote. that's. or go to. stuart: down 30 points in the dow industrial. about one third of the dow 30 are in the green. two thirds of the red. not much change in stock prices today so far. the s&p 500, broader-based indicator down a tiny fraction. points or 3%. the nasdaq be much the same story that the nasdaq is down .02%. a .0%. this is the go nowhere day thus far for the stock market. we reported on this. illinois is thinking about

taxing private retirement funds to pay government worker pensions. let's bring in grover norquist, president of americans for tax reform. how on earth will the slide. our private enterprise people they paid into their own pension funds. it's going to be taxed when they take the money out anyway and now they've got a pay for government workers? that's not going to fly. >> a step above what argentina did when they confiscated that. but not much better than argentina. this is illinois scraping the bottom of the barrel. there are two times and people are likely to leave the state when they graduate from college in the two times when it's easiest to say let's move somewhere else. as soon as you're done working here, take your retirement pay and leave town.

they are encouraging people to leave. stuart: i understand they've got a chronic problem with government worker pensions. they really count pay. but they must pay them according to the terms of the state constitution. i think that's how it works. do you think what they should do is grow the economy and try to get some revenue that way? >> they need to reduce spending. one of the things these overblown pensions are in this are goldplated. nobody in the private sector gets pensions at illinois, new york, california or the federal government pension system and benefit systems. you are taxing lower income people relatively to pay high benefit when you go for the private sector on average to the public sector. reverse robin hood.

they have to downsize government in order to cover the cost of retirees. they have been doing that in the steel industry in the coal industry and not no industry for a long time. you just have to work your way through it until you've paid off all of the previous workers and then get yourself out of these contracts. other states, illinois not, but other states have moved to defined contribution. 401(k) style benefit. for all state and local employees. soon enough though have no problem at all. stuart: yeah,.a. your opinion on bill gates idea of raising the capital gains tax. i can't believe you'd be in favor of that. tulsa would happen if we do indeed raise the capital gains tax. stuart: let me speak directly to bill gates. this is not about you. taxing capital gains does not tax rich people. attack as people tried to get rich. people trying to get ahead. this is not going to affect you.

if you want to pay higher taxes, and there's a section on everybody's tax return where you can simply add at the bottom the tape you would like to add. if you want to pay more in taxes, you can. you don't have to >> anybody else on the side of the head. the reason we have low capital gains taxes is to attract capital into the united states and fun people with capital into the market come into investments of other people at jobs. you have a job. this is not about you. i would like a better job with the lowest possible capital gains tax brings more revenue, more capital, more investment in about helping the rest of america. you're fine. stop mouthing off how other people should be taxed. it's not about you and if it does bother you, write a check to the federal government could solve your problems tomorrow. stuart: grover norquist, think you're right. dead right. now this. small business optimism

amazingly at its lowest point since 2016. if i'd been president, we'd have a booming economy here. small business i'm told is doing real well. why sit down at the lowest level. >> thank you for having me. it has been representing the cost of small business for 75 years near the optimism index coming out every month for 45 years could retract this very closely. the optimism index has been in the stratospheric highs &-ampersand the election of 2016. this is the first month with capture sentiment about the government shut down and predictably the index dropped. stuart: i guess you could say it's not down not much. still an optimistic territory. you could still say that. >> yes it is. operating under very high band.

this is one of the lowest ratings in the last two years, but it's still historically high. the government shut down really does not the confidence of the small business owners. one of the things we also track is the uncertainty index. were able to see that when respondents to our questionnaire say i don't know. normally they will say argue raising prices. they will say yes or no. are you prepared to expand? they will say yes or no. when they start saying i don't know, we see increases in uncertainty and the uncertainty index went up with long with the drop of the optimism index during the government shutdown. stuart: i think you were in the white house's new workforce policy advisory board. i think you're pointed to it. what you want to see this advisory board do? would you see out of these meetings? >> i'm very honored or was chosen to represent small business on this advisory board. you know, small businesses have the workers, half of gdp.

if you want to do things for the american workforce, you need to listen to the needs of small business. right now the single most important business problem for america's small business owners is finding qualified applicants were no applicants for a job. ask yourself, what is unqualified about the people presenting themselves for these jobs. sometimes we see it as a skills gap, but many times it is apparent showing up on time, inability of two-page drug tests or background check. and they don't necessarily require massive retraining. there's a lot of research to feed into this workforce and certainly lots of data and we just know a lot about the small business economy. stuart: i just find that fascinating that in the time of a booming economy you've got people showing up for job interviews who are not prepared. they don't look great. they can pass a drug test.

they arrived late. that's really a bad mark against america's workforce. >> we have historic unemployment , low unemployment in this country. many people dropped out of the work force during the previous administration. in order to get these jobs don't come that people have to come back in from the sidelines. come back in for retirement. people who gave up looking for a job would have to start looking for a job. we're not going to fill these jobs a month to get more people into the workforce participation rate. stuart: very true. thank you for joining us be appreciated. >> thanks for having me. stuart: we have breaking news. ashley: apparently "the new york post" says a number -- a large number of scenes that he appears on the fox tv show empire have

been edited out, which is interesting. apparently in the second to last episode of season five he has nine big scenes including a musical performance that's been cut down to five scenes in now out of the four remaining teams he is no longer the focus. this is of course a month the whirlwind over his alleged attack in chicago. he's already having been -- a considerable number of scenes cut out of empire. stuart: demand is in deep trouble. ashley: still hasn't reported chicago police for reinterviewing. stuart: the oscars will incorporate marijuana at this year's ceremony. this swag bags reportedly have a number of pot-based products in them that include cannabis and clues facial cream and chocolate of thc that gets you high. in a vip membership to a social

club. the oscars are this sunday. we are learning more about what i'm calling a deep state to attempt. top officials at the fbi, the justice department working to get president trump out of office. mercedes schlapp from the white house on not maxed. ♪ the new capital one savor card. earn 4% cash back on dining and 4% on entertainment. now when you go out, you cash in. what's in your wallet?

ashley: democratic presidential candidate amy called presidential candidate in equal which are distancing herself from the far left saying she does not support free college tuition. roll tape. >> a problem with modern education today at the highest level is the reason students are in so much debt is because of free money. the student loan program with ones they can afford to pay off. they go to college and get a degree they can't use of the work ways and end up getting out of going home i going to pay off all these lands not been employed in a field where i can afford it. amy klobuchar is certainly being realistic about this, but we will see how that fares in a primary. in a primary and where everything is alright, you're entitled to everything for free whether it's housing, health care, education, we'll see if she can make it through.

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i felt completely helpless. my entire career and business were in jeopardy. i called reputation defender. they were able to restore my good name. if you're under attack, i recommend calling reputation defender. and consider joining their groundbreaking campaign to give every american the right to remove old, inaccurate search results by going to righttobeforgotten.org. vo: if you have search results that are wrong or unfair, call reputation defender at 1-877-492-6705. stuart: at the top of the hour i issued an editorial which said the fbi and the justice department tried a coup on our president to get him out of office. mercedes schlapp is with us. but how stricter strategic communication. tell me i'm wrong. i know you're going to tell me i'm right, but you're with me on this, aren't you? this is a deep state conspiracy to get the president out of office five months after he walked into the oval office.

>> there's no question that anger may cave had a very strong directive and focus in trying to present them that this president would be guilty, try to get the president out of office and quite frankly it's such a dangerous precedent for a former fbi official, who by the way, was fired because he lied to investigators and he was so having that important job at the fbi. >> we have not been covering the story. i found it very complicated. i couldn't keep track of it. when you try to organize the vice president because he fired properly the head of the fbi. now it's very clear.

>> to stories have come out with james comey obviously very much linked to andrew mccabe. it is almost like they became these immune to what their responsibilities were. they were so focused on figuring out how they can take down this president that i think it really is such a betrayal to the great work the fbi does. those men and women in the fbi everyday upholding the law, doing the right thing and that you have the political leadership that has pretty much tried to undermine the great work of these men and women. stuart: where on earth is the mueller report to your sin? >> obviously now we have the attorney general. they are the ones taking the lead from the white house. incredibly cooperative, transparent throughout this whole process. we are to stop the senate intel committee coming out and basically saying there was

nothing there so that there was no evidence. you know, we will wait and see when this report comes out. the one thing is he's very respected in the legal circles and he'll be focused on moving along this process with the mueller special counsel. stuart: just get it out there. we been waiting two years. i want to talk about the president's speech in miami taken a stand against socialism in venezuela. let me show our audience a part of that speech. roll tape, please. >> socialism promises press rarity but it delivers property. socialism promises unity, but it delivers hatred and division. socialism promises a better future, but it always returns to the darkest chop errors of the past. that never fails. it always happens. stuart: granted he was taking aim at socialism and democrats who are socialist.

but with the also trying to shore up support among hispanics in florida where he spoke in a battleground state? >> i think it was important for the president to speak radically to the venezuelan people. obviously over 250,000 venezuelans exiled to live in south florida. to row, an area where the president has property there. he's familiar with the venezuelan community. obviously a great relationship and for him it was important to be a let us say we with the venezuelan people, that we recognize the legitimacy of the interim president juan guiado and that it is time for maduro to leave the venezuelan people alone. does a very strong message he wanted to send directly to the community. not only in miami, but also venezuela because those people are taking a risk. they are standing up for freedom. they are standing against the government and this president

has taken a leadership role in bringing together over 50 nations who now recognize guiado as the legitimate president of venezuela. stuart: mercedes schlapp at the white house, thank you. stuart: a prominent university will not let a conservative group organize on-campus because it supports the constitution. it says the constitution may alienate some students. i find that incredible. incredible. but we are going to cover it. ♪ that have made the rx the, crleading luxury suvhnology of all time. lease the 2019 rx 350 for $449 a month for 36 months. experience amazing at your lexus dealer.

stuart: syracuse university under fire for denying young americans ability to organize on-campus. why? why would they not be allowed to organize on-campus? we do have an answer for you. a campus reform.com correspondent. and, a conservative group they want to come to syracuse in c. or q. says. you tell us why. >> sera q.'s reason is because

the constitution is too exclusionary. and here's where that is bunk. we have a current situation in the united states where we have so many people who want to come to our country and live here that we don't know how to properly process all of them coming here. call in the constitution exclusionary as not just false, but it's actually an insult to all of the people whose rights have been protected by the constitution since it was written. one of the most influential documents in history and the most influential when it comes to protecting individual freedoms and civil rights. stuart: what is really behind this? it's ridiculous to say you can't come in here because you support the constitution. that's ridiculous. but what's behind the challenge? >> in anti-american sentiment on college campuses which unfortunately is seen as highbrow. we've been reporting that this is happening across the country. michigan state university student government association recently shot down a proposal to

put more united states flags on campus and the reasoning was because they said the flag is not inclusive enough hanna-barbera city college reported that there was a professor who wanted to use date the pledge of allegiance during a board of trustees meeting and she was booed out of the meeting. it's important that we cover these issues because really what is at hand here is an anti-american epidemic on our college campuses. stuart: i agree with you. i know that there is an epidemic of this nonsense. but i thought it was beginning to receive. the voice of reason was he getting to be heard in this nonsense will be laughed out of court. obviously i'm wrong. >> occasionally you are correct because in that case that's the last barber who was the professor booed out, she went on "fox and friends" and went to cover the issue, the board went back on their decision immediately. but we have to constantly be working to expose these instances. that's why we do what we'd do a

campus reform. when we tell the truth about these instances, the truth will set us free. it's important we are constantly talking about these issues so they don't go unnoticed. stuart: well done, emma. an articulate pavement on what on earth is going on a sera q.'s and i really hope because you're on fox we can get some kind of reversal of this nonsense from the authorities a sera q.'s university. emma meshell, thank you for being on the show today. we appreciate it. >> thank you for having me. stuart: sure thing. there will be more "varney" after this. ♪ . .

stuart: that is a hockey puck. that just missed the announcement. this is columbus, tampa bay. oh. fraction of an inch. >> ever held a hockey puck, had it that commentator would have clocked him. stuart: perhaps not show it. near miss shot of the day. we're playing this because my colleague ashley webster is all around sports guy. there isn't a single sport he

hasn't played. >> you name it i love it. stuart: almost a prosoccer player. almost a procricket player. am i right. >> emphasis on almost. connell: ashley might kick a puck in your direction with a quick dodge. thank you, stuart. welcome, everybody to "cavuto: coast to coast." i'm connell mcshane filling in once again for neil. a lot to do we start with stocks. things look better. market looking to extend and eight-week winning streak. walmart earnings were quite strong. if you had any concern about the american consumer, any jitters about the retail sector that may have been solved or at least eased up by walmart this morning. we'll talk a lot about that. we'll talk money and politics. the democratic field for 2020, is it moving even further to the left on economic matters? today senator bernie