starts with howard schultz, lot of troubles he had in his childhood, understanding what made this man make starbucks and real presidential run. maria: got to watch it. chris hogan's show, you got to watch and listen to it. thank you so much for joining us, everybody. have a great day. "varney & company" begins right now. stuart? stuart: good morning, maria. good morning, everyone. i am still mad as hell about two political stories that still have everyone talking. number one, adam schiff rejects the mueller no collusion report and says undoubtedly, there is collusion. he won't reveal what evidence he says he has. the democrats won't let russia, russia, russia go. bad for america and ultimately, i think, bad for democrats. number two, jussie smollett. how come he got off? because the trump-hating elites rode to his rescue. smollett said trump supporters are tack

attacked him. he tried to link the president with racist violence. now his hoax is exposed but the records are sealed. coverup. we'll have more on both stories throughout the program. and we'll have more on this one, too. the crisis at the border. let there be no doubt it is a crisis. 4,000 illegals apprehended at the border monday, 4,100 tuesday. the border patrol says they have reached the breaking point. the democrats will do nothing. they say it is a manufactured crisis. to the market. flat to slightly higher at the open today. our trade guys are in beijing. they say china is prepared to go further than ever before to resolve the issue of forced technology transfers. sounds promising. it has not moved the market at this point. politics and money. that's what we do. we have a show for you. "varney & company" is about to begin.

well, schiff is a bad guy because he knew he was lying. i mean, he's not a dummy. >> i have plans to declassify and release. i have plans to absolutely release. nobody has been tougher, nobody, on russia than me. and everybody said, my enemies say that, when they're reasonable enemies, when they're fair. stuart: we can reasonably say president trump went on the offense -- the offensive last night with hannity, all about russia, russia, russia. a lot more on that coming up in just a moment. jason chaffetz on this morning. first, this. mnuchin and lighthizer in china now for talks. progress reportedly being made on a number of fronts including the difficult issue of forced technology transfer. joining us, gordon chang, a man who frequently comments on china. gordon, welcome to the program. >> thanks, stuart. stuart: can you bring us up to speed on this reported progress in forced technology transfers? >> well, the chinese say and reuters is reporting okay, we'll

give you unforced technology transfers. unprecedented progress, the news service says. but you know, this is unprecedented progress and the chinese making cynical promises. the chinese say look, we have a new foreign investment law, the premier just a few hours ago said we're going to punish people who force technology transfers but the point is, law is not important in china. what's important is what the communist party is willing to do. they still have their made in china 2025 program, though they don't talk about it anymore. they still want to dominate those 11 sectors in technology. until they give up that ambition which requires stealing from the u.s., whatever the chinese say to lighthizer and mnuchin, not important. stuart: that's why the market is not taking what is on the surface good news as a way to go higher for stocks. >> yes. stuart: it's not really progress, is that what you're saying? >> it's not progress. what's really going to be important is the enforcement mechanisms that are in a trade agreement.

those mechanisms have got to be extremely tough because if not, the chinese will do what they have done for four decades. they will promise, they will lie to our face and then do what they want to do anyway which is trade violations, stealing u.s. i.p. stuart: stay there. i have a very big story for you in just three minutes' time. stay there, please. okay. let's get -- switch gears. new fox poll, got to tell you about this one, 34% say the rich are not paying enough in taxes. 34% not paying enough, the that's interesting. john lonski, i thought that number would be a lot higher, actually. >> but it still shows us i think that over time, the country has been drifting to the left on income taxation. that percentage was lower when this survey was previously conducted. for some reason, people feel that the rich are not paying their fair share when in fact, they pay a huge percentage of federal income taxes. stuart: now, what would be the

effect of, say, elizabeth warren's wealth tax, 2% -- >> what a mess. how are you going to tax wealth? how do you tax real estate wealth? you are going to have people going around trying to figure out the valuation of real estate? stuart: poll after poll shows people want the very, very rich, at the tippy-top, as aoc says, to pay a lot more. what would be the effect of the very, very rich paying a whole lot more? >> i don't think it's going to do a heck of a lot of good at helping to narrow the u.s.'s federal budget deficit. the deficit is so wide, it's not even going to inherently put a dent in the deficit and may have the unwanted effect of reducing the incentive of people that are very talented and very rich to go ahead, expand their businesses and make jobs and drive the economy higher. stuart: by the way, i should tell our viewers that in our next hour, the 10:00 hour, the man who helped write the tax law, kevin brady, says it is not a sugar high, he says there's

more growth still to come from those tax cuts. mr. brady on the show in our next hour. back to you, john. also from the fox poll, 50% approve of president trump's handling of the economy. approve of his handling, 50%. i was expecting a higher number. >> markets are higher, 401(k) plans are doing a lot better and so on. i can't figure it out. one of the problems here may be that trump maybe hurts himself, his own image with all of these tweets and they confuse some questions about his personality with the performance of the economy. stuart: i have susan li sitting right here. when i said i thought that number would be higher, the approval rating -- susan: i agree. stuart: the president's performance, you screwed your face up as if i was wrong. susan: cnn poll. cnn poll says over 70% of respondents were happy with the economy and what the white house and president trump was doing. i was surprised the fox poll is at 50% but cnn says 70%.

stuart: okay. susan: what a world we live in. stuart: extremely low numbers for initial jobless claims. i call that the firing rate. >> that's incredible. only 211,000 layoffs, that has to be a record low relative to the overall job market and this has been going on despite the fact that profits have been weakening and despite the fact the economy's been slowing. stuart: healthy number. >> yes, it is. it reminds us right now we have one million more job openings than we do people officially unemployed. stuart: not bad. john, thank you very much indeed. now, i want to get to what i think is a very big story coming out of china. listen to this. according to the "wall street journal" 588 million chinese citizens are invested in one huge mutual fund. 588 million people. gordon, i never heard anything like that before. >> yeah, that's more than a third of the population of china. stuart: a money fund, right? >> this is a money fund, where

you basically, you know, it's a cash management account. you write checks against it, in effect. that's what's going on. the important story here is this is affiliated with alibaba group. this is important because there are rumors on your show, actually, you had michael pillsburry on your show to talk about how the chinese want concessions from the u.s. the big concession is to be allowed into the electronic payments backbone of the u.s. if they get that, they are going to want to do in the united states what they are doing in china which is money market funds. in other words, this fund is going to end up in the u.s. if the chinese get their way on trade negotiations. stuart: they want it so that we, american citizens, can buy into this money fund? >> yeah, they want to offer it in the u.s. so clearly, there is a real issue here about do you allow china which is stealing all sorts of our stuff, into the u.s. financial backbone. the answer to that of course should be never.

stuart: okay. what's the money invested in? 588 million folks invested in what? >> they are invested in a lot of high yield products in china which are dodgy at best. so you've got a real problem here, and that is as you have a slowing chinese economy which is probably not growing at all right now, a lot of these high yield products can't pay back, which means ant financial will have a little bit of a difficult time honoring some of these obligations. stuart: fascinating. 588 million people in one giant fund. >> that's what happens -- stuart: what have you got? >> at moody's, we have been rating a lot of high yield bonds issued by chinese real estate development companies. i wonder what the future holds for these companies. >> well, with real estate, it's sort of kept afloat by the chinese government. there, they will keep it going. but the point is, they are even dodgier products that ant financial has been investing in. stuart: don't let them here. thank you very much indeed. appreciate it. next case, the feds are suing facebook on what grounds?

susan: discrimination and their ad targeting. we have the housing and urban development, hud secretary ben carson, they say facebook violated fair housing laws by limiting who views these ads and you know, there is discrimination against color, race, religion and even your earning capability and paycheck. they basically have launched this and it's a civil suit, not criminal, which is important to note, and it will be heard by a federal district judge but facebook also issued a statement to us as well saying they are surprised by this because last year, facebook said it had taken steps to eliminate thousands of targeting options subject to misuse and they even pointed a finger at the housing and urban development saying they want access to sensitive information like user data. we didn't give it to them and we are building out tools to limit this in the future. stuart: interesting. everybody is having a go at them and they are still around the mid-160s for the stock price. a degree of teflon surrounding

facebook still. susan: more than just facebook. it's instagram, whatsapp. stuart: we will open the market in 20 minutes and we will be fractionally higher, maybe ten points up for the dow industrials, three down for the nasd nasdaq. somebody is waking up this morning a lot richer. the winning powerball ticket sold in wisconsin. it is the third largest jackpot in history, $768 million. if you take the cash option, you get $477 million. then you pay tax on that so you probably come down to around $250 million. susan: i'll take it. stuart: what a rotten deal. from 768 to 250? ashley: if i win -- stuart: great deal for the government. rotten deal for everybody else. ashley: i get that. stuart: president trump heads to michigan today for a big rally tonight. odds are, he will go on the attack. we will talk to the trump 2020 campaign manager. i want to know, would he try to calm the president down?

good luck. lot of developments on russia, russia, russia, including a bombshell allegation that john brennan stuck that phony dossier into a classified intelligence report. what a story. "varney & company" just getting started. 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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the whole russia, russia, russia thing going. second, senator rand paul cited a high level source and he says former cia chief john brennan put a phony dossier into a classified intel report. joining us now, jason chaffetz. jason, the president wants to get to the bottom of this. how did it start, i think he'll make it. i think he'll get there. what say you? >> no, i do think he'll get there, and he should. you had the american government spying on elements of a presidential campaign. we better figure that out. and the inspector general will have a report in the next 60 to 90 days on this. the president is going to release this background information, so congressional investigators can do this, and senator rand paul, who comes with an awful lot of credibility, is out there now saying that brennan is highly suspicious and should be investigated. stuart: it seems like to me the tables have been turned since the mueller report came out. the president is now on the

attack. he's going on offense, isn't he? >> well, he's had to sit back for the last two years and think about it. all the democrats tried to do is say oh, he was going to take out mueller, he was going to do this, he was going to do that. he didn't do anything. he waived privilege, he gave them tons of documents, access to all the e-mails. donald trump jr. was in there for hours and hours testifying. i don't know that the president could have done any more for openness and transparency through this investigation and it turned out exactly the way he said. he's in the clear. but now there has to be a review of how this whole fiasco started. stuart: what should we do with adam schiff, congressman schiff, who chairs the house intel committee, who keeps on saying undoubtedly, there is collusion and he said it this week in the week that the mueller report said no collusion. what should we do with adam schiff? >> i think the one that has been the most discredited through this entire process is adam

schiff. i think he should lose his security clearance and i don't think he should be on the house intelligence committee. i wish the republicans would gather in force and demand that change. nancy pelosi knows better. it is a privilege to sit on this committee but he's used the guise of say, i see classified information and nobody else does and i have seen it first-hand. he's the only person on the planet because he's making it up and he shouldn't have a security clearance if you're going to act like that. stuart: what should we do with john brennan? >> the investigators need to dig deep. it's highly suspicious -- normally, with the people that are involved in the intelligence type of committees, they are usually very silent when they leave. this guy has been on his own jihad on every television camera he can get in front of trying to disparage the president and i got to tell you, when you have senator paul and others saying hey, this material and his actions need to be questioned, i can only hope and pray that michael horowitz and his group

and the congressional investigators can actually see what he really did when he was in a position of power. stuart: jason chaffetz, thanks very much for being with us on an important day. thank you, sir. president trump thinking about the border. here's the quote. mexico is doing nothing to help stop the flow of illegal immigrants to our country. they are all talk, no action. likewise, honduras, guatemala, el salvador have taken our money for years and do nothing. the dems don't care. such bad laws. may close the southern border. what's this about the border being at the breaking point? ashley: yeah, that's the term used by the acting border patrol commissioner. he says look, this is unprecedented. he says in a quote, we are facing unprecedented humanitarian and border security crisis all along the southwest border. he was in el paso yesterday and he said nowhere has that crisis manifested itself more acutely than el paso. you mentioned stunning numbers from this week. 4,000 apprehensions monday, 4,100 on tuesday. in the month of february alone,

76,000 migrants were detained. that's the highest number in 12 years, including 7,000 unaccompanied children. stuart: our guys can't cope. ashley: they can't. they don't have detention facilities so they have to be released. some are coming with ailments such as flu, chickenpox. it's a real humanitarian crisis, no doubt about it. stuart: how's this market going to open? it's thursday morning, ten minutes before the opening bell. we are going to be up maybe 30 points on the dow, up maybe five on the nasdaq. the feds ordering a chinese company to sell a dating app that's popular in america. why they are worried the site could be used for blackmail.

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stuart: our government has ordered a chinese company to sell a dating app that's popular here. i think it's grinder, isn't it? susan: yes. this is according to reports in the "wall street journal." it's the largest social networking app for gays, bis, trans and queer, according to a description by grindr itself. it has millions of daily active users and according to the "wall street journal" they have a chinese parent company. cfius, which oversees foreign

ownership of u.s.-based companies, is basically telling them to sell off your stake in grindr because it could give access to the chinese government of sensitive data which could then be used to also blackmail some of the users into performing some duties they probably don't want to do and also, the location services as well. it's kind of like tindr where they know where users are, and they can determine how sensitive your job is and maybe get access. stuart: interesting. next case. president trump met with ceo of google, sandar pichai. ashley: earlier this month he was very critical of google saying you are helping china and their military but after the meeting yesterday, he was very happy, said it appears he was obviously doing quite well. pichai, ceo of google. and google had this statement talking about the meeting saying quote, we were pleased to have productive conversations with the president about investing in the future of the american work force, the growth of emerging

technologies and our ongoing commitment to working with the u.s. government. after a bit of feistiness earlier in the month from the president, they hugged and made up and seem a lot happier. stuart: good. next case, the government -- not the government. wall street, the stock market, is going to open in four minutes and we will be up 25 on the dow, up 6 on the nasdaq. we are going flat to slightly higher a couple minutes from now. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase relieves your worst symptoms including nasal congestion, which most pills don't. flonase helps block 6 key inflammatory substances. most pills only block one. flonase.

stuart: all right. we've got literally five seconds to go and we'll open the market this thursday morning. we're expecting a gain on the dow, 20, 30 points, maybe. let's see. here we go. we're off, we're running. we are in the very early -- look at that. hey, we're up 79 points. susan: yes, we are. stuart: the futures did not tell us that. them futures, i tell you, they lie. the dow is now up. ashley: outrageous. stuart: but we'll take it. the s&p 500, where is that? dow's up a third of one percent. the s&p is up almost a quarter percent. we'll take it. the nasdaq composite, where are we there? we are up a quarter percentage point. okay. nice gain across the board this thursday morning. joining us this morning, who's here? michelle mckinnon is back with us. joel schumer, the entrepreneurial guy, is with us. susan li, ashley webster all

together now. the s&p on track for its best quarter, this current quarter, best quarter in a decade. joel, are you going to throw cold water on this? >> not too much, but it's up 13%, our entrepreneurial stocks are up 20%. we are going into now the second quarter. we have to look at how first quarter earnings are doing. people are very nervous now about the inverted yield curve. we are going to hear a lot about this over the next few weeks and months. i say -- stuart: michelle takes the opposite view, i think. >> always. always. i'm not worried about the inverted yield curve. that could signal recession in the next two years. i'm not worried about that. and i think the fact that the fed is pausing, we have extremely low interest rates, it's all positive for stocks. i'll tell you why stocks are up right now. the vice-chair of the federal reserve speaking in paris, basically saying the fed is going to be patient because of the global growth risk. that includes brexit as well as china and foreign shocks. stuart: thank you very much.

i was looking for a reason why on earth is the dow now up 110 points, and the s&p is up eight points. i was wondering why that is. the fed guy speaking in paris -- ashley: it can go up and down with the headline. stuart: we are listening to paris. ashley: the one we like. stuart: couple legal situations to tell you about. both i think are damaging. number one, a jury awards $80 million in that roundup, the weed killer cancer case. bayer is the defendant there. the stock is down a bit more. but we've got a jury in new jersey clearing johnson & johnson of liability in one cancer talcum powder case. michelle, my problem here is that you've got juries capable of taking down major global corporations. >> absolutely. stuart: i don't like that. >> i don't like it, either, but that's the world we live in. stuart, this is really why i encourage investors to never

invest in individual companies, because you never know what you are going to get. stuart: what's wrong with microsoft? >> well, microsoft, we do love microsoft. stuart: thank you. >> you can always invest individually in microsoft. caveat. that's really why you want to invest in funds that own multiple different stocks because headlines can really wreck companies. stuart: i don't like juries being able to take down major corporations. >> no, that's absolutely right. when we think about bayer, they had a $93 billion market cap three years ago. today it's about $63 billion. this is despite the fact they bought monsanto for $6 billion. here's a company buying a company for $66 billion, yet today are worth $63 billion. it's not all related to the lawsuit, obviously, but there's a lot of stuff that goes on. jurors can move companies billions of dollars in an afternoon. stuart: i'm surprised bayer, when they bought monsanto, didn't see the legal risk that they were buying into. >> got a lot of debt. they do have cash, too, which jurors like but a lot of debt.

ashley: think they would like to take it back right now? stuart: i think they probably would. that's true. i think this is the big story of the week. the ride hailing app lyft are going to go public tomorrow. you can buy shares in a ride sharing company for the first time tomorrow. now, it's an entrepreneurial company. you are the entrepreneurial guy. what do you say? >> so i like the space, obviously. lyft is an entrepreneurial company, it's coming out with a $20 billion market cap presumably, a 10x on revenue. when you think about the value of this company, $20 billion, gm, gm has a market cap of $56 billion and revenues of $133 billion. so when i think about this stock, it's something i will consider a year from now. facebook has done very well in the last few years but when they came out at 42 or something like this, it dropped to 20 something within a year. susan: because being a public company is very different. you can't lose $900 million a year as lyft is doing right now

and expect your share price to go up without more penetration, more revenue growth. one caveat i would say is that when facebook and google came to market they were already making money. that's not the case when it comes to lyft. stuart: let me say this. lyft tomorrow opens up a very exciting prospect of some really entrepreneurial technology companies coming to the market and we can get a slice of the action for the first time. susan: i think it's definitely a good thing because since 1996 we have seen almost half of public companies have dropped in half. we only have the option of investing in x amount of companies versus in the 1990s, we had a lot more options to invest in. you want people to come into the market. stuart: we have cut the number -- susan: in half. investors, in half. you know why, because of the depths of venture capital money. you don't have to go public anymore. take it on the sidelines. >> we have $4.5 trillion in m &

a. stuart: good point. if i was uber, i wouldn't go public. don't want the scrutiny. i don't want all those lawyers on my back, for heaven's sake. >> you go public, you wait six months, maybe sell a few shares. susan: i think they made their money back after ten years. stuart: i stand corrected, ladies and gentlemen. i stand corrected. dow industrials now up 60 points as opposed to 110, where we were earlier. bottom line here, we are up all across the board. check boeing, please. i don't think there's any fresh developments on boeing, but the stock is at $372 this morning. jpmorgan cutting hundreds of jobs in its wealth management division. not sure i understand that. the stock is $100 a share. some items on facebook. number one, they are being sued by the feds, real fast, susan, why? susan: housing and urban development saying that basically facebook is discriminating against their users with their targeted ads.

not everyone gets to see the housing ads on the site because they are discriminating against demographics, race, religion, even citizenship status. in some cases with hispanic culture, they say, gender and many more categories as a result. they are suing them. stuart: stock is teflon, $163 per share. facebook is issuing a ban on all white nationalist content. any comment? >> i feel like they had to do something. it was so tragic what happened in new zealand a couple weeks ago, they had to respond. i think this is the response. stuart: i just don't see how you can surveil two billion people. >> it's hard. stuart: constantly, all round the world. i don't see how you can do it. sorry. unless you've got artificial intelligence, can't be dealing with it. you're not there yet. susan: costs have gone up. stuart: here we go. lululemon sales strong online doing well for them as well. look at the stock, up 13%.

>> a big deal. susan: i buy those hundred dollar yoga pants. they're great. stuart: okay. ashley: we'll be right back. stuart: wait a minute. they're not just yoga pants. they are bricks and mortar, mostly. >> sales went up 16% whereas revenue for nike disappointed in the quarter. this is a turnaround story because for awhile, lululemon after the comment saying not every woman can actually wear tight pants, that is a big turnaround story with better design, more men actually buying athleisure. it's about the experiences. it's really about the experiences. i think the stores that know how to capture the market, particularly the millenial market, and provide an experience that we want, you are seeing those companies do really well. stuart: got it. more retail news for you. i find this -- tommy hilfiger

closing its flagship store in new york city. they are not the only ones. other retailers have left the famous fifth avenue. they are all -- what's going on? any reason why? >> we are going to see a continuing trend when you look at kohl's and sears and jc penney. ashley: outrageous rents on fifth avenue, is that part of the problem? it becomes almost unprofitable. stuart: look at that. these are the companies that have left fifth avenue. for viewers who might want to come to new york city on a shopping spree, go down fifth avenue, you won't see these folks. who is going to take their place? susan: amazon? stuart: that was good. susan: i know. stuart: amazon, i don't think so. president trump tweeting about oil prices and he did it this morning. here we go. very important that opec increase the flow of oil, world markets are fragile, price of

oil getting too high, thank you. by the way, the president doesn't like high gas prices and high gas prices is what we've got. ashley: right. stuart: the national average is now $2.68 a gallon. just a few weeks ago it was $2.25 or something like that. susan: better than $2.80 we saw in the summer. >> you can go to norway and pay $7. ashley: the uk, yeah. >> it's all relative. when we look back over the last 20, 30 years, on inflation adjusted basis, we are still very lucky. stuart: but the president is usually held responsible for high gas prices. i don't think he likes it. he would prefer $1.99. susan: that would be great. stuart: 9:40 eastern time. you know what that means. joel, thank you very much indeed. michelle, thank you very much indeed. ladies and gentlemen, all good. check the big board. we have moderated the gain. we were up 100, now we are up 52. the gaming company electronic arts laying off, laying off 350 people. they say most of the cuts will be in japan and russia. it's the latest round of layoffs

for the video game business. activision blizzard laid off 800 workers just recently. the feds have fined robocallers more than $200 million since 2015. but years later, little money has actually been collected. wait until you hear how low the number actually is. we'll deal with it in our next hour, by the way. president trump says the republicans will be the party of health care. a new poll shows a majority don't approve of how the president is handling that. up next, we'll ask the trump 2020 campaign adviser how he's going to turn those numbers around. -driverless cars... -all ground personnel...

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stuart: all right. we are 13 minutes into the session. for the benefit of our radio listeners, we are up 60 points. the dow's at 25,600. now this. breaking news coming from capitol hill. drama, the house intelligence committee. the republicans have gone after adam schiff. ashley: they want him to resign. the official letter that's just gone out is very strongly written, basically saying that ever since the inauguration of president trump, you have been at the center of a well-orchestrated media campaign. it says you often went in front of the television interviews, telling everyone you had more than circumstantial evidence of collusion but that quote, you could not go into particulars. as such, we have no faith in your ability to discharge your duties in a manner consistent with your constitutional responsibility, excuse me. we urge your immediate

resignation as chairman of this committee. bottom line is, you kept talking about significant evidence of collusion. there was none. you lied, you have been doing this for a number of years, even before the president went through his inauguration. you have to quit. stuart: i think the president would agree with that. ashley: i think he would. yes. stuart: so would i, actually. president trump tweeting this. here we go. we'll be heading to grand rapids, michigan tonight for a big rally. we'll be talking about the many exciting things that are happening to our country but also the car companies and others that are pouring back into michigan, ohio and pennsylvania, north and south carolina and all over. look who's here. first time on fox business, trump 2020 campaign manager. you are a big star. >> oh, no, not a star. the president's a big star. stuart: right. right. now the rally tonight, will you try to rein him in at all to stay away from nasty stuff and sort of rein him in? >> as soon as i get out of here i'm going to fly to grand rapids and meet him there. i will tell you, i actually kind

of want him tonight to get out there. i think -- stuart: you want him to be unleashed? >> for two years we have been connected with this web of lies and deceit and from every network in america, people have been on acting like they had all this evidence of collusion. as we saw, there was none. we did this, the president ran a great race, he won it based on policies and what he's going to do for this country which he's proven now. i want him to get out there and do it. stuart: you want him on the attack tonight? >> i think he needs to be on the offense. he's the best when he's the shark of the swamp. he's been slowly draining the swamp. and i think this will help him speed it up because i think this entire fight was to try to keep him from draining the swamp. i think unfortunately, there are rinos on the other side. stuart: you will be with him tonight? >> oh, yeah. stuart: may i ask what you will tell him? this is pushy of me. >> go out there and keep winning. some nights i'm like hey, but this will be one of those nights i say you deserve a victory lap.

go out there and tell the american people what you are going to do for them for two more years. stuart: unrestrained, unleashed donald trump tonight. >> it will be must see tv. stuart: oh, it will be. >> i hope many of the networks pick it up. stuart: we have got a new fox poll that says 37% approve of the president's handling of health care. 37%. that's a very low number. >> i think it's how you look at not seen the underlying data but in our polling, we continue to show people across america want to keep their own doctor/patient relationship. they don't want socialized medicine. i think alex azar, what the administration has done to keep prices down has been great. i think they have done it. i think obamacare was in a one-way down slide to crashing into nothingness. the prices skyrocketing. hhs has done an unbelievable job of righting that ship. i think the president was smart in the things he did. but he's right, we need to continue to fix it. if you look at the polling, you ask people, approval is such a

big question, do you approve of it, no, it's too expensive for most house holds across america. i came from a middle class family. it's too expensive. companies, 20% increases this year, 25% increases. it comes right out of the bottom line, it hurts -- stuart: you think he will address it tonight? >> i mean, i can't guarantee he will come out tonight but i will tell you, highly likely he's going to say the republican party needs to be the party of health care and solve this issue. stuart: the democrats -- >> with an open market. stuart: the democrats reacting with glee. they think they've got him. they think 37% only approve of him on health care, they think they've got him. they think they've got something to run with. >> i think they need to be very careful what they think. i think americans just want more affordable, when you start saying moms across america want their children to have bureaucrats choose what the health care of the future is, i don't think it's going to happen. i think when they start actually talking about their solutions, i think people will find out very quickly the president, what he's done with common sense reform over health care over the last

couple years has been smart. i think he's going to keep it going. stuart: are you enjoying yourself so far? >> i love it. stuart: you are campaign manager for 2020. >> i grew up watching shuttle launches and watching ronald reagan from kansas and middle america. there's nothing better than to serve your country and serve the president of the united states. it's greatest honor of my life. stuart: enjoy yourself tonight. >> thank you very much. stuart: i'm sure you will. so will the president. >> it will be a fun night. stuart: thanks, brad. see you soon. thank you, sir. check the dow 30 and the dow industrials. lot of green. we are up 68 points for the dow jones average. next case. new marijuana products hitting the market all the time. we have a guest who says a lot of the pot for sale in california is actually bad pot. he'll tell you why. some analysis of pot, next. each day our planet awakens with signs of opportunity. but with opportunity comes risk.

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willy davis, who has alzheimer's. i decided to make shirts for the walk with custom ink. the shirts were so easy to design on the site. the custom ink team was super helpful and they just came out perfect. seeing my family wearing my shirts was such an amazing reminder of all the love and support that everyone has for my dad. - [narrator] check out our huge selection of custom t-shirts and more, for teams, businesses, and every occasion. you'll even get free shipping. get started today at customink.com. stuart: marijuana news. new jersey will not legalize it. new york may be backing away from legalizing. our next guest runs a company that tests the safety of cannabis products. aaron riley is here, ceo of cannasafe. i know what you're saying here, 25% of the pot in california is

improperly labeled. tell me in what way. >> yes. so the biggest misconception with labeling for pot is the potency. for instance, we have all these edible products, all these other type products, and they are often not within the 10% label claim so for instance, if something says it's ten milligrams it could actually be eight or 12. that's outside of the 10% variant allotted by the state. stuart: okay. what about the cbd, the oil? is that really the stuff that i'm getting if i buy one of >> yeah, so that's actually an interesting point that you have there. the cbd product safety and screening is nowhere near the cannabis. so if you're buying a cannabis product in california, you are a lot more likely to know what you're getting. if you're getting a cbd product, many of them are untested, they don't meet label claims. we recently had a finding where we found 20cbd products, only

three of the 20 would have passed the california cannabis testing regulations. stuart: isn't this typical of an emerging market, where you are trying to set standards and trying to get proper analysis? fairly typical of a brand new product on the market, though, isn't it? >> it's typical to have production issues and stuff like that. the problem is, cannabis has very tight regulations and controls in the states where it's legal. cbd has none so it's like the wild, wild west. you have an emerging market with an expensive product and there's an opportunity for somebody to not put cbd in their product and make an even higher margin. stuart: one last one for you. is it true that american marijuana is the most potent, the strongest and the best in the world? >> i would say that that's probably true, especially if you look at california. people have really started to figure out the science behind the ag with lighting and stuff like that.

i would say yes, it's definitely true. america, specifically california, colorado. stuart: i just wanted to end on a high note. i'll never do that again. aaron, i think you've got a future in the testing business. thanks for joining us, sir. we appreciate it. good stuff indeed. all right. let's get a little bit more serious here. to the latest on jussie smollett. i think, i say the whole thing is just being conveniently ignored. the key to it is just being ignored. he was trying to link racial violence to president trump. that's what's going on here. he's not going to get away with it. my take's next. passions rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead.

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stuart: the key to jussie smollett's vicious hoax is being conveniently ignored. he was trying to link racial violence to president trump. he deliberately presented himself as a trump victim. that is why the media reacted with such glee when he made his first report, a black man attacked by trump supporters, guaranteed to make headlines in the trump-hating media. he knew what he was doing. he knew by blaming the president he would gain maximum support. hey, if anybody challenged hip, they could be dismissed as racists. for a couple of days it worked. he had given trump-hatters a field day. never forget this started as a slime trump exercise. fast forward to the present.

jussie smollett got away with it. charges dismissed, the record sealed. why did he get away with it? because the anti-trump elites rode to his rescue. they couldn't let their man go down. this is being reported in the media, legal battle. in public it is all legalisms. this is really a coverup. smollett got caught in vicious trump-hate being hoax. and trump-hating elites got him off and sealed the records so we don't know how far these people are prepared to go to insult our president. what on earth was kim foxx doing when she jumped back into the case to let smollett totally off the hook? my opinion she was doing bidding of trump hating people. coverup, based on politics. coverup, based on getting a trump-hating hoaxer off and record sealed so nobody would know what he did.

at the bottom of it all is trump derangement syndrome, very destructive, especially to jussie smollett. the second hour of "varney & company" is about to begin. ♪ by the way, president trump is tweeting about smollett this morning. here it is. fbi and doj to review the outrageous jussie smollett case in chicago. it is an embarassment to our nation. susan, we've been talking about internal emails from cook county's kim foxx. what was she saying? susan: primarily blamed for the preferential treatment jussie smollett has gotten. fox obtained internal emails from the cook county state's attorneys office, kim foxx. it is interesting how they're fishing for precedent. we don't know who wrote the email. it is from the department.

we're looking for examples of cases where we tokers exercise our discretion entered into verbal agreements with defense attorneys to dismiss charges against an offender if certain conditions were met. jussie smollett had no prior convictions, non-violent offenses looking for ways to validate they did something that was unbelievable to dismiss all 16 charges, seal the case and basically walks off. stuart: this is how far things have got on. tammy bruce, independent women's voice president. fox news contributor. you heard what had to say. i think it's a coverup. >> even the national distribute attorney's association is blasting this. this is indication where the rich are treated differently and politically-connected receive favorable treatment. i agree of course with your opening statement but i would also suggest that this is a framework where you're looking at, jussie smollett, you know is an actor.

he was definitely high up in the democratic supporters, et cetera, but it is fascinating the degree they have gone and out of the blue, remember this is a grand jury indictment. this was not something that someone in the police department or in the d.a.'s office decided. for them not just dismiss but seal and with the connections and with the emails going back and forth with michelle obama's former chief of staff, with miss foxx, the district attorney there, people are wondering what else is it that might have been discussed or that they were afraid of perhaps in a trial or within other things that might have been discussed about the manifestation of this hoax? stuart: he was blaming trump. this hoax attack on trump and linking trump with racial violence and homophobia. that is what it is all about. >> it was that and what does it tell you also the expectations that attitude is what will in fact elevate you within this entire framework. stuart: precisely. >> that was sort of understood

environment but i would say that at this point in time, that now with the fbi looking at it, fbi had its own problems we learned in the last week this, is opportunity, i say, a "me too" movement for everyone in chicago who has not received justice in that city. people waiting for justice, waiting for the right people to be arrested, waiting for people within this court system, to receive justice. i think the president has made it possible for people to say, the status quo is no longer acceptable because people say, oh, it is chicago. maybe that is not good enough anymore. when hollywood and washington and now in the justice system, maybe the "me too" movement is more of a statement of enough is enough for the status quo. all of us deserve better. i think we can actually when it comes to what president trump represents, he is the for makes of that, that we had enough of what we had before. stuart: all right, tammy bruce. i'm glad we're in agreement

because i never want to cross you, that is a fact. >> thank you, sir. stuart: let's get to your money. look at this, the dow industrials now up 91 points. larry kudlow, the president's chief economic advisor, just said that the u.s. could lift some tariffs on china while leaving others in place as part of the enforcement mechanism of a trade deal. that is a plus i guess for the market. it is responding with a modest rally. we're up 1/3 of 1%. up 95 points right now. how about lululemon, strong sales and strong sales online as well. that stock is up 22 bucks. up 15%. that is a rally. look at bayer, a jury involved $80 million in a case involving roundup weed killer and cancer. that there are other lawsuits. one jury cleared j&j of liability in a talcum powder case that is it one jury only.

more lawsuits to come as well. you will like this, i do, the latest reed on mortgage rates. they are down. ashley: they are down by quite a lot. 22 basis points, from the week before. 4.06% on a fixed 30 year mortgage. stuart: whoa. ashley: 4.06%. stuart: huge drop. ashley: 4.28% last week. the fannie and freddie buys say this will help spring season bounceback in the housing market. that is at least the hope with the rates coming down so much. the economy doing reasonably well, certainly in the job market, that gives people confidence to put the house on sale, go and move somewhere else. but that is a remarkably low number. stuart: susan as a newcomer to this company we should tell you ash and i often talk about the mortgage rates that we paid way back when. i paid 12 1/2% on my mortgage in the san francisco house in '70s and you paid? ashley: 16%. stuart: there you go. susan: long time ago. stuart: it was a long time ago,

that's right. now this, president trump met with chief ceo at google, sundar pichai, about google doing business with the chinese military. the president said the meeting went well. look at the statement from google, pretty much on the same lines. we were pleased to have productive conversations with the president about investing in the future of the american workforce. the growth of emerging technologies and our ongoing commitment to working with the u.s. government. general jack keane with us, now, fox senior strategic analyst. i didn't see any mention from google oh, we're not going to do business with the chinese? >> well, let's see what happens here. i think that the concern we all have is, this is advanced network technology. this is not an automobile that they're making. obviously when you're supporting the chinese communist party and, that is who runs china, that effectively will help their military capability. and they are, we are in an adversarial relationship with china to be sure. they are the fastest-growing

military in the world. and they have some advanced technology that is going right past us. they don't need any assistance from one of the great american companies like google. stuart: they have technology gone past us in the military sense? >> very much so. hypersonic missiles they're developing which we don't have yet. we don't have defense for it. that is one example. that is very significant. stuart: hypersonic missiles that means superfast i take it? >> they go up in space, take down, can take out entire carrier battle group of 19 ships in few minutes. stuart: we don't have. >> not only that we don't have defense for it. stuart: why? >> because the united states military budget was kneecapped because of sequestration, budget control act. preoccupation with 9/11 wars. we are trying to catch up. they have closed the technology advantage we have. in some cases russia, klein have gone past it. stuart: that is extraordinary

stuff. >> that is why the trump defense budget is so important. stuart: point taken. take the subject completely different for a second. the president awarded a congressional medal of honor to a really fallen hero. i want to play a brief clip from the ceremony. roll tape. >> in his final moments on earth travis did not run. he didn't know what it was to run. he did not hesitate. he rose to the highest calling. he laid down his life to save the lives of his fellow warriors. in so doing, he embodied the deepest meaning of the motto of the 10th mountain division, he climbed to glory. stuart: general, i watched you covering that ceremony. you were moved by it, weren't you? >> oh, yeah, very much so. you know, our soldiers they certainly don't want to die but what makes them different is they're willing to. this is a perfect example of it.

here we have a 31-year-old man, in combat, leading his troops and he is at the point of danger, he he instinctivelily wraps his body around a man who is about to set off suicide vest to protect his three teammates. when he does that he knows he will die. he gave up his life so they could live. stuart: you fought with men like that. >> absolutely. what we're talking about here is more about the heart than anything else. it is about the character of that person. it is really true honor. he put eight risk everything that he cares about in life. wants to have a long life. he wants to be a parent. he wants to have friends in his life. he wants to have love in his life. he wants to be loved, be loved, he want the all of those things, at a moment, in time and place he was willing to give up his

life. i've been around this all my life. why is that? two reasons. simple, yet profound sense of duty. the second thing, they absolutely do it for one another and you saw that. that is what this is about. it is true honor. it is absolutely true honor. stuart: thank you, general. i think you've been moved again. >> you got it. stuart: the lawmaker behind the trump tax cuts, kevin brady is going on all-out blitz how well tax cuts are working. we have a poll, shows taxpayers want the rich to pay more. kevin brady is the man. he comes up shortly. one winner in last night's 76million dollar powerball jackpot. i want to know, what advice do you give somebody who won a huge chunk of money like that. ashley: are you related to me is my first question. stuart: quite a moment at the white house which you saw live on the program. president sitting on the oval

office, sitting in the oval office with the wife of the venezuelan opposition leader what does that picture tell the venezuelan people? we're on it. second hour of "varney" just getting started. i'm working to keep the fire going

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stuart: new fox poll,4% of people feel the rich are not paying enough taxes.

we have kevin bid day. congressman, you wrote the tax reform bill. you have people saying hey, you didn't tax the rich enough. what is your response? >> yeah. so, they're just wrong. we have one of the most progressive tax codes unfortunately in the world. look the top 1% shoulder almost 40% of the burden. i think of it this way. walk down the street in america. one out of five people you see are shouldering almost all of the tax burden in america. the truth of the matter i think the biggest concern ought to be, how is the government using those tax dollars that i send up to washington and d.c.? the other concern should be, why can't i keep more of what i earn to invest in my family into the economy. stuart: do you think you got a problem with the public's perception that the rich are not paying your fair share? even though as you rightly point out, that the top 1% pays 40% of all income taxes. you have a perception problem,

don't you? >> i don't know that we do. it has always been there. i know, certainly not to be critical of president obama but that was the mantra for eight years. it continued since then. so i think it is just a standard talking point. it does sell with some americans but i will tell you most of the people, i, that i have visit with, look, they just want the government out of the way. they keep more of what they earn. by the way, they want their dollars spent wisely. stuart: i hear a lot of economists are saying, we got a nice boost for the economy right after the tax cuts went into place. they call it a sugar high, which they think will die off. you have an op-ed in the "wall street journal," you say this is not a suggest bar high. make your case, please. >> larry lindsey, who coauthored this is a brilliant economist. together, we make the point that as long as sound tax and regulation policy are in place, the american economy is going to

grow very strongly in 2019 and beyond. here's why. income, personal income, not only grew well last year, it accelerated the last half of the year with more than a million job openings than there are unemployed. it will likely grow even faster but, because productivity among workers is going four times faster than it did during president obama's last term, we could have growth without the inflation that grows with it. i will finish with this, business and consumer confidence, expectations are extremely strong. and even with new investment occurring, investment coming back from overseas. demand for new workers, even if there is a global slowdown, exports are 12% of the u.s. economy. that will shave just a bit off our overall growth. so the fundamentals, despite the fed tapping, hitting the brakes too fast, too hard was year,

boy, our outlook is fundamentally strong. stuart: 3% growth this calendar year, kevin? >> well, most economists believe it will be less than that. stuart: 2 1/2? >> yes or above. stuart: okay. >> i think well above where the federal reserve is estimating. i say here, not always critical of the federal reserve, too often i think their comments look at the demand side, how much stimulus, how much government spending. we're looking at the supply side. it is just very strong. stuart: congressman kevin brady, thanks for joining us. >> thanks, stuart. stuart: yes, sir. we have an update on that, this is real change of subject here, look at that. that is the cruise from hell. now we know what caused the engine failure that led to that mayday call, those pretty dramatic scenes. we'll tell you all about it. and take a look at this, a new non-lethal device for law enforcement to nab a suspect. it comes to us from the cofounder of taser.

we have a man behind one of these things. he is on the set later this hour

stuart: this is happening. the new york attorney general filed allegations against the maker of oxycontin, purdue pharma. tell me more, susan. susan: the ag in new york state filed suit against purdue pharma and the for blame of sparking opioid crisis across the u.s. the new york suit adds charges against opioid drugmakers and distributors as well. two weeks ago, the oklahoma ag settling a multimillion dollar case with purdue pharma. one of 1600 cases being tried

against the oxycontin maker, across counties, states, cities. they're on the brink of bankruptcy. the family also, as is being charged is interesting. stuart: they're involved too, going after them too? >> yes, the family itself. stuart: totally different story, member of cruise ship from hell, off the coast of norway had engine problems. scenes like that. ashley: 30-foot waves. stuart: it was engine failure but what caused the engine failure? susan: it was engine failure, they didn't have enough lubricating oil in the engine. that sparked mayday rescue you saw on the high seas just off north way, with 8-meter high waves. 400 people had to be airlifted off the boat itself, this cruise ship. this is what you call cruise from hell. because they didn't have enough oil. doesn't they check before they sail? stuart: sold out of dramamine i

bet you. not funny. that situation like that is frightening. awful. susan: this is one reason i do not get on cruise ships. stuart: as far as the others. ashley: need the oil. stuart: is that the other reason? susan: awful. stuart: developments on russia, russia, including a bombshell allegation, that john brennan, former cia guy, stuck classified, he stuck the dossier, that famous dossier, stuck that to classified intelligence report. what is he up to? president trump is going on the attack about this what a story. powerball winner will need some advice after hitting the big jackpot and we have the guy with the advice. say there please. you wouldn't accept an incomplete job

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♪ ♪ money can't buy me love stuart: don't care too much for money. [inaudible conversations] stuart: i like the song. check out that big board. look at it go. 10:30 eastern time. we're up 84 points on the dow, 25,700. come on in to the college admissions scandal. lori loughlin and felicity huffman supposed to appear in court today. it has been pushed off until next wednesday. we have a guest now who says he has a market-based solution to fixing admissions based process. peter morici is the man. what do you do? how do you fix this? >> two things. i think a lot of kids were sold a bill of goods with bad programs. they should bring tortoise the universities. the universities should pay up for the education they didn't

get. universities have lots of unmortgaged buildings around to pay this off. how can they finance the mortgages? how can they pay off the bonds? simple. cut back and club med, excessive spending on athletics. get back to education. they spend too much on that stuff. going forward, colleges should underwrite, 50% of the college loans through the same process. so if kids don't get a decent job, can't pay the loans they end up at star bush, the colleges take half the loss. finally i think it is time for reform of college admissions completely. everybody should meet the same standards. do it strictly on basis of the s.a.t. test and perhaps the international baccalaureate competency exams and individual disciplines. but this notion of looking at the whole package, just a way to give people like, adam schiff, who have no sense of truth the opportunity to create kind of college class they want is perfect in the minds of aoc. stuart: that was brilliant, peter. how you managed to slip in adam

schiff was pretty good. >> so impressed by him today. stuart: peter, say there for a second in a moment. want to talk about the powerball of all things. winning ticket, that was jackpot. it was sold in wisconsin. one winner. now, i want to bring in troy murphy. the former nba player. he runs a company called health owners. we'll get to that in a second. troy, you advise people what to do with money they suddenly come into. what advice would you give to this huge lottery win? >> i think initially, what they should do is they should find a way to protect their assets. go with umbrella liability policy. and then from there, just take a step back. emotionally your life changed. it won't ever be the same. stuart: hold on a second. i have to interrupt you. a liability umbrella policy.

what, you take insurance against anybody coming after your money? is that what you do? >> you have to protect the assets. you have to protect them from lawsuits. there are certain things you have to do to protect this amount of money before you go about spending it. people put the cart in front of the horse. they go and they want to spend, rather than protect. stuart: you say, after you have got the umbrella policy, you take a step back, you don't spend anything yet. you figure out what you really want to do with the money. is that it? wait? >> i, yes, you wait, you wait until all the emotions start to pass. you figure out a purpose for the money. then you start to implement a plan, something that you can separate the emotional aspect. i think doing that would minimize the bad decisions that will frequently occur during the initial part of the process. stuart: what do you do with the relatives and long-lost friends who come out of the woodwork to claim a piece of your action? >> that is all part of the first initial aspect where you have to start to manage those

relationships. you have to manage the expectations, the entitlement that people might have. stuart: do you say no, do you say no to people? >> you have to. you have to say no. absolutely. you have to be ready to have difficult conversations, absolutely. stuart: this is what you do for a living. i want to know how you got into this? because i think you got into this because you have a basketball background and you probably, i think knew a lot of young players who squandered the big bucks that suddenly came on to you. that is your line of business, isn't it? >> it is. so my experience, i left school at 20 and pursued a professional basketball career. i found myself in a situation financially i just wasn't at that time prepared to handle. i got, had people coming at me from different angles. i got a lot of advice. some of it good. some of it it bad. i was ultimately able to figure it out. a lot of my contemporaries were

not that successful. i want people to take a more direct route than i circuitous route i ended up taking. stuart: ncaa sweet 16 starts tonight. we have a senator from connecticut, he says pay student athletes. do you have an opinion on that? >> i couldn't agree more. i think student athletes should definitely be paid. i think it is an antiquated system currently in place. you have coaches being paid millions of dollars, if not in the tens of millions. schools making tens of millions. even assistant coaches are making seven figures. the a h players are not receiving any of that. they're the product out on the court. it creates an underground market where you see a lot of scandals popping up. it is next step. inevitability and something that has to happen. stuart: that is interesting. thank you, troy. hold on a second. professor morici, still with us. what do you say paying college

athletes? >> i agree with that. written several columns about it, not recently but several years ago. my view is, other than top 30 schools, no one is making money on this stuff. what they take in gets spent. a lot of programs, football programs are losing money. the football and basketball programs are where the problem is. at the top, 32, 36 schools that match in number, the number of teams in the nba and nfl, they should essentially establish separate franchises for them. they play under the school flag. the students can attend school if they want. they don't have to attend school. the athletes are paid for five years. they essentially represent, quote the university of maryland in the big 10 or university of michigan in the big 10. the rest of the schools, no more scholarships kind of regime we said before. the kids are terribly exploited. kids not quite big enough for nfl with lifetime injuries, no benefits, no health care, no

nothing. especially linemen. it is absolute atrocity. a student was killed at my university last year and the president got to send two more years in office and doville dictatorial lap and mr. bloomberg give commencement. i have been involved enough to know, university presidents even more than the coaches are ultimately culpable for atrocities. they're drunk on fame and affiliation with being with rich people on gameday. you have to see these pompous people on gameday. stuart: okay. heated debate. i'm sure it will continue at some point. calm down, gentlemen. troy, and peter, both of you, thanks very much indeed. very interesting stuff. ashley: yes. stuart: now this, get to the market. boeing, $373 a share. down just a buck today. they have got a software fix for the -- ashley: they do. basically because of the issues

we had with the max, this software, the 737 max allows pilots to get control of the plane faster. maybe not as sensitive as it was. it is all about misinterpreting data from the front of the plane, angle of attack. the system as it was pushing the nose down repeatedly. you would have a situation where the pilots fighting with the plane. this fix takes care of that. the pilot can very quickly get back in control of the plane. they believe that's it. they reviewed all other aspects of this plane, boeing said, they found no additional problems. stuart: that is it, they have a software fix? ashley: they tested it in simulators. pilots are put into various conditions. they say it is fine. but it could be a number of weeks still before the all-clear is given in this country, maybe longer rest of the world. stuart: authorities have to buy it, rest of the world have to buy it, traveling passengers and customers have to buy on to the process. the stock is at 373. ashley: exactly. stuart: you got the story how

much the fcc has fined these robocallers but how much they have collected. on your screen. look at that. ashley: that is embarrassing, is it not? fined 208 million since 2016. they collected $6790. you are mad at calls, punishing individuals or companies, very difficult to track them down. they're small operations that have no means of paying any fine, some huge fine. or, they shut up shop quickly, take off or they're based overseas, almost impossible to fine them. fcc passes on unpaid penalties to the department of justice. it is very difficult to stop the robocalls. 23.6 billion robocalls. some say closer to 48 billion. the wireless carriers will try to take steps to put in software and other steps that will prevent robocallers but they always seem to find a way around it. spoofing where they disguise who they are, so you think it is

legitimate call. stuart: i never want to answer a robocall. ashley: you're like everybody else. stuart: but i don't know which is robocall and which is not a robocall. susan: i don't pick up phone numbers i don't recognize. go to voice mail. stuart: if i don't know who is calling forget it. if it is important they leave a message. susan: at&t's chief ran dal stephenson was called by a robocaller during a presentation. there you go. ashley: embarrassing. stuart: adam schiff made false claims about collusion for two years. he still insists he has information on collusion. question, when will the democrats say, time to go, adam. at the top of the hour. president trump is not only going after adam schiff, he wants to know how the russia, russia thing started in the first place. who is behind it and when? he is on the attack.

we'll deal with it in a moment.

♪ ashley: in the wake of the mueller report trump 2020 campaign manager brad pascal, he wants the president to go on the attack at tonight's rally in

michigan. here's why. >> i want him tonight to get out there. stuart: you want him to be unleashed. >> for two years we have been fed this web of lies and deceit from every network in america, people have been on acting like they had all the evidence of collusion. as they saw, there was none. president ran a great race, ran on based of policies what he will do for the country. i want him to get out there do it. stuart: go on the attack? >> i think he needs to be on offense. i said he is best when he is the shark of the swamp. ♪ . our grandparents checked their smartphones zero times a day.

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stuart: basically a modest gain. it has been there all day, up a third of 1%, 80 points higher, 25,700 for the dow. look at facebook. the department of housing charging facebook with discriminatory practices over housing ads. the stock's at 166. look at ralph lauren. wells fargo called the company a rare standout. they upgraded the stock. raised its price target to 150 bucks. it is at 130 right now. full disclosure, my daughter works for that company. rand paul says a high level source that john brennan slipped

that fake steele dossier into the classified intelligence report. president trump wants full release of all the documents. roll tape. >> i have a plans to declassify and release. i have planneds to absolutely release but i have some very talented people working for me, lawyers. they really didn't want me to do it early on. stuart: come on in please, a former associate counsel to president bush. jamil, seems like the president wants to get back to how this thing got started and he is on the attack, right? >> it's a sensible thing. as far as we can tell from what the attorney general released thus far the report is going to say there was no collusion. so the president is doing the sensible thing which is, let me put all the documents out there. everyone can see what was done, what was investigated. they can make their own judgments. the democrats interestingly in the house and senate are calling for those documents to be released too. here is place for president and

congress, democrats and congress are aligned. you will see that coming out shortly. stuart: if you get back to the fisa document the, in other words how did this thing get started, that will be very telling, won't it? a lot of people believe it was just drummed up by the deep state on some wild theory about this crazy dossier thing, it was bogus beginning to the whole thing in the first place? >> that is very much open debate, stuart, as you know. the whole debate going on, what was the material underlining these fisas? it is unprecedented we've seen disclosure of fisa application, like carter page application. that has never been done before. that is very unusual. unclear whether it was dossier and other information. in carter page there was at more feesic stuff that could suggest stuff was going on. when we saw the application it revealed there was an argument that, made to a court. so the debate now is, how much of the steele material was in there and was that the reason

why the judge made those decisions. ultimately though, there is a federal judge who made the call. that is what we expect judges to do in the system. stuart: okay. we've got calls for impeachment of the president, from representative al green and representative rashida tlaib. do you think they will go anywhere? >> i don't think so, stuart. at this point had mueller point come out differently, even then to would be uphill battle. i don't see the votes in the house, much hess the senate. reality republicans seen the show before when we tried to impeach bill clinton. it was unsuccessful effort and hurt republican party. democrats have to look what happened there and see if it is the right call for them. stuart: thank you very much for joining us. >> thanks, stuart. stuart: yes, sir. now this, yesterday on this program we incorrectly cite ad report that nbc paid wikipedia to diminish negative information about nbc news and its

personalities on certain wikipedia pages. in fact nbc paid ed sussman, known as a paid wikipedia editor to influence wikipedia to make those changes. there you have it. this is the stock story of the week. lyft, it goes public tomorrow. you can own a piece of new technology. should you buy it? we'll certainly consider that one. it's a big deal. here it comes. not quite sure -- this isn't just any moving day.

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stuart: i've been waiting for this. our guest created a non-lethal restraining tool by use, for the use of police officers i guess. it is called the bowler wrap. there you have it on your screen. wraps around your legs, brings you down. tom smith is the creator. he is also the man behind wrap technologies which has the product. >> thanks for having me. stuart: you were a cofounder of taser? >> 25 plus years ago. stuart: tell me how this thing works? >> this works, this is handled device. you snap a cartridge in the front of the device. once you cocked it, you would point it at suspect. it has laser lasersight on top.

it launches out eight foot kevlar wire, works 10 to 25 feet away, wrap up legs and arms of suspect. restrain him non-lethally. stuart: 10 to 25 feet away, what do you call that? >> the bol wrap. stuart: they wraps around and they come down? >> great for the mental health community. you doesn't have to go to higher level of force. use it very early on. would reduce the risk to both the officers and the suspects by early use. stuart: now, it would seem like, that would be kind of easy to evade, wouldn't it? >> you would think but coming out 600 feet per second. you are not really running from it. it will get you pretty quick. stuart: you're the cofounder of taser way back when i said. you faced a lot of liability problems then. >> we did. stuart: that is a powerful shock to the system. you had liability problems. you don't have problems with this.

>> not so much. we're restraining. people catch themselves if they fall. with taser they were completely immobilized. this is lower use of force, lower risk. help law enforcement create better relations with the community. stuart: how many police forces have bought it? >> we are getting started. very few bought it. 700 contacted us for demos. stuart: wait a second, you're publicly traded companies. wrap technologies, wtc. >> that's correct. stuart: you have 200 million-dollar market cap. >> that's correct. stuart: how did you manage that, because you haven't sold many of them. >> people are seeing growth. we're going domestically but internationally. i took it over 100 countries when i was with taser. we have the same plans here. stuart: good luck with you. fascinating idea. >> we'll come back and talk when we're really successful doing a lot more. stuart: try it on me when i run down the hall. ashley: that would be great. >> i'm sure they would love to

do it. stuart: we're done. >> thank you very much. stuart: fireworks on capitol hill. yes indeed. republicans on the house intelligence committee demanding adam schiff resign as chair of that committee. i want to know when will a democrat demand schiff get out of here? my take at top of the hour. dan henninger of "wall street journal." comparing democrats to the terminator. he is referencing this picture on your screen. president trump hosting the wife of venezuela's opposition leader. this is about to be the start of the third power packed hour. here it comes. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. no ifor another 150 years. the fire going

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unfortunately, it can't do anything about that. now that you know the truth... are you in good hands? stuart: in the same week that robert mueller definitively that no pollution, the chair of the house intelligence committee said undoubtedly there is collusion. so after two years, 500 witnesses, nearly 2800 subpoenas and $25 million, congressman adam schiff says he knows more than robert mueller. and by the way, he's been saying this for two years. he's been saying there was, quote, ample evidence of collusion in plain sight. so where is it? if it was in plain sight, why didn't mueller see it? and why hasn't congressman schiff told us exactly what he has. and why hasn't the media pressed

him for the evidence? we feasted on its comments for years. the truth is a hitter was let his emotions get right out of hand. this is not good in a man who runs the house intelligence committee. what a world leader supposed to think when you suggest our president is a russian agent. what are foreign intelligence agencies to post a? it hardly does confidence in america, does it? congressman schiff is damaging america's interest and the media are playing along. the president says this. you could say it's a crime what he did because he was making horrible statements he knew were false. he should be forced out of office. now look, there are many who say mr. tom should forget the last two years and move on. wrong. if the adam schiff said the world keep damaging our country as long as they keep the trump arrangement syndrome going on than they should be told very clearly to show us what they've got. and if they've got nothing, apologize and resign.

the third hour of "varney & company" is about to begin. ♪ >> your willingness to continue to promote a false -- they are a combined with your duty as chairman of this committee. we have no faith in your ability to discharge duties with your constitutional responsibility and urge her immediate resignation as chairman of the committee. this letter signed by all nine members of the republican side of the house of the committee. sure into as i said, the congressman there i think he's correct. adam schiff has to put up or shut up. that is my opinion. i think bill mcgurn, editorial for the -- and fox news contributor, does he agree with me? >> in a better world he wouldn't be there. this is an important part of the intelligence community and trade

committee. having the credibility of o.j. simpson leahy searching for the real killer coming in now, it's a joke. he's not the worst. he was invited by john brennan. all these other people do because of their positions in the intelligence community, they have access to information that you and i didn't. we now know it's a crock. stuart: which democrat is going to stand in the way mr. schiff, mr. brennan, shut up. >> i don't think we are. i would like to see adam shipley that committee. however, would settle for the media not putting him on tv and treating them as though he's a serious person. or demand it. you told us this for two years. why should we not treat you like a clown? >> that goes for john brennan and all the others, too. i say put them on and ask them the question and push the question. you say you've got evidence. where is it now?

>> that's why it's very important. i'm for disclosure as much of this mueller report as we can. but also full disclosure of the other material that president trump has alluded to, the fisa warrant application, because it appears the fbi just a dossier and then to back up its claims, eight years the michael kickoff story by christopher steel. we have to wonder, is this all they had? this unsubstantiated folder, nothing else. stuart: if i were to say my opinion it was a can. see to get the president, how far wrong am i.? >> i don't think you're wrong. certainly a lot of cooperative effort if you look at how the intelligence agencies act, a look at james comey briefing the president on some parts of the dossier. not all of it appeared and james clapper probably leaking onto cnn. there is a lot of stuff going

on. there are a lot of entrances to the fbi through bruce or his wife and so forth to get this out there. the big question in my mind, did hillary clinton's opposition research team basically commissioned an fbi investigation of the president is collusion? if not an important question to get answers to? stuart: what did president obama know? when did he know it and if he knew that they were surveilling, spying on the charm campaign, if they knew that we were surveilling a presidential election campaign, i want to know. >> i want to know i haven't seen the evidence for that. these guys were pretty imperious spirit enter mccabe, again james clapper, john brennan, call me. i just want to know what happened. i especially want to know about two things. the fisa warrants. that's a serious thing. the judge in the case agreed to

the warrant should be asking serious questions. i personally don't think there should be judges involved for precisely this reason that it waters down the accountability of these guys have to be accountable for everything they put down it would be a lot more accountability than a fair judge signed off. trey enjoyed just got a brightness to your attention. a fox news poll shows 50% of those who responded approve of the president's handling of the economy. i'm sorry but that's rather a low number to me. where are people going wrong? >> two things. there's been a lot less attacks and so forth. and a lot of distractions. even the president himself sometimes distracts from his own achievements. i would be out there every day with all my people counting us. stuart: 50%. thank you very much. president trump up in 3-d and

earlier today. the border crisis starting without one. mexico is doing nothing to help stop the flow of illegal immigrants to our country. they're all talk, no action. likewise honduras, guatemala, they've taken their money for years and they do nothing. the dems don't care. such bad laws may close the southern border. the border patrol chief says we are at a breaking point with more migrants coming in than agents can handle. 4000 monday, 4100 tuesday. record numbers. the president met with the google chief yesterday. partnerships with the government were on the table but it was recently revealed that google has been quietly continuing work on their search engine for china. he met with the president. facebook, and the administration suing them saying facebook is in violation of the housing act. their advertising practices allegedly allowing landlords to discriminate against renters,

non-christians, non-american-born and those who had hispanic related entries. not good. facebook stock 165. we've had a lot of politics today coming out swinging. we've got to check the big board. 17 points is always god as we speak. we're going to check china stocks. treasury secretary stephen mnuchiin and robert lighthizer are in beijing today. they're going to dine with the chinese vice premier later on today. a full day of talks coming up tomorrow. sounds like they're getting closer to hammering out some kind of framework. the markets not responding. i would call that positive move but the market is only up 17 points in china stocks are mostly lower. he is just joined a coalition of republicans working to counteract the green new deal. dan hemminger has gone in with "the wall street journal" by comparing the democrat party to the killer android at the end of

the terminator crawling on the floor, desperately trying to avoid defeat. that's a strong case to make and he'll do it. president trump headed to battleground states: michigan today. remember that the mosquitoes that are in 16. stay with us. you never know what is going to happen in the third hour of "varney & company." your typical bank. capital one is anything but typical. that's why we designed capital one cafes. you can get savings and checking accounts with no fees or minimums. and one of america's best savings rates. to top it off, you can open one from anywhere in 5 minutes. this isn't a typical bank. this is banking reimagined. what's in your wallet?

stuart: welcome to welcome another tax going to the state of california. you wouldn't know that -- wouldn't you know what i should say, the wealthy are in the process. a state senate democrat proposing new estate tax. 40% on individuals for a 3.5 million or more. couples were doubly 7 million. if it passes the senate, it will go for a statewide general vote in 2020. they can afford it. the president's going to california. he'll be in los angeles next week. only his third visit to the state in his presidency so far. of course details of the trip not been made public yet. i will ship to the green new deal. the plan does earlier this week in the senate was a resounding failure. so what is next for climate

change? congressman markwayne mullen is that that's. what is your plan? what is the republican plan for climate change? >> listen, sir. we've been doing a tremendous amount of work already playing up the environment. unfortunately what you see is the green new deal is nothing of cortez who is an unapologetic socialist trying to put it -- has nothing to do with fossil fuels. if you want to talk about climate change, why are we talking about china? china has more carbon emissions than america and the e.u. combined. stuart: they've got the green new deal on the table. they went down, but that is their plan. you don't have a plan. >> we do have a plan and we've been working on it. we continue to work with industry. we continue to push industry to be innovators. we have seen our emissions cut by over 20% just in the last 10 years. that is why we are producing

more clean coal energy today than we have ever in the history of the united date. we are able to do that with all refineries. we are seeing china build critical refineries and they produced a tremendous amount of carbon pollution. unfortunately, this is nothing to do good to great new deal as you know has nothing to do with climate change. it has to do with pushing a socialist agenda. when you start breaking down the green new deal and i really breaking it down and you start saying what is it about, and tearing down for remodeling, is that even possible? it's not about it being possible because they want to claim climate change is a national emergency so they can take all her buildings under eminent domain and that where the government controls all the buildings. stuart: look, i agree with you 100%. the green new deal is a socialist on top of it.

they're going to say look, climate change is a real threat. aoc thing you've only got 12 years to live. but though, not you and all well, how are you going to fix this thing and if you say were working with industry and we've got emissions down, you need a plan. you need to sketch out a full-scale plan as an answer to the green new deal. >> out that the heating much on the cochair of his doing. we are bringing innovation together. we are all the above group of individuals. from wind to solar, when you start talking about fossil fuels and nuclear for hydro, we want to include everything because we can't just rely on one thing. here's the most important thing. the united states government should never pick winners and losers when it goes to industry. industry as job creator. when we start talking about industry, and the american people choose what they want and we allow that to have

competitiveness among all spectrums let's start talking about energy. when complete with cool. but solar compete with natural gas. when you start talking about hydro, but it compete with all the above. we can do that. that's good for consumers to energy prices are going to be lower than they are anyplace in the world and that's what we're seeing today and were able to do that off the back of innovators. stuart: got it. thank you for joining us. i'm fascinated by this and a lot more later. check that first of all the markets of 21 points on the dow. how about the price of oil to hit 60 bucks a barrel yesterday. back to 5888 this morning. president trump has been treating about it. i'll show it to you. very important that opec increase the flow of oil from world markets are fragile. price of oil getting too high. thank you. certainly right about the price

of oil driving gas. overnight the national average went to $2.68 per gallon. i believe that is up about 40 cents in a few weeks. straight up just like that. you better check this one out. ups making history testing drone deliveries of medical supplies to a north carolina hospital. like mark the first commercial drone deliveries approved by the faa. drizzle transport lab samples from hospitals and doctor offices getting into destinations quicker than ground deliveries up and running. one in the united states is adding more tech jobs than any other. which one is it? not necessarily the one on your screen. we'll tell you. honestly we will. can you take a guess at which city is now the top destination for travelers? we've got a clue for you. that is not hawaii.

♪

stuart: i know you've missed the good old lists. we used to have them on the program, but were back. here we go. the top negation destinations in america for all you spring slingers. number one on your screen right now. new york city. trip advisor took into account hotel experience camera, restaurant ratings, nyc number one. number two and number three, hawaii would be now in the wahoo. las vegas and number five orlando, florida. still don't know how new york city beat out maui. you thought we were finished? no were not. trip advisor released their destinations around the world. same metrics as the top cities. number one, london. based on affordability or whether. check the rest of them. paris number two. november 3. treat number four. bali indonesia rounding out the

top five. we're not done. were on fire with lives. if you're looking for a new job, we have the best companies to work for based on employee ratings performance et cetera, et cetera. number one, hub spot. that is a marketing software developer near harvard university. it is the top five. you've never heard of them. tax in new york number two work running utah number three. for this insight global. end quote and is number five. that's a san francisco company. here's the next five and you'll be more familiar with some of these names as salesforce, costco, data traces another massachusetts startup. t-mobile and google round out the top 10. the big names are in the five right there. san francisco making a number of appearances on the top 10 list. the city in the bay area in general out of the most tech jobs last year that the 51,000

tech jobs in california, the bay area made up more than half of that number. "wall street journal" guy dan hemminger conferring with democrats to the killer android at the end of the terminator. desperately attempting to avoid defeat before finally being crashed. the last line of last line of his editorial is beating president trump in 2020 just got harder. dan is on the show. ♪ okay, paint a picture for me. uh, well, this will be the kitchen.

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stuart: is not little ground to the dow is now down 30 points. larry kudlow says the u.s. is ready to extend china talks by weeks or even months. it's possibly that which has taken a small bite out of the market. and now this. the lever next gas in his latest does not disappoint. it is called the terminator democrats. he likens the democrats efforts

to impeach the president to the enter it at the end of the terminator movies probably not glass, ultimately defeated is still determined to reach his final object is. there is an analogy. the man who wrote it is here. dan hemminger with "the wall street journal." so you think democrats are crawling towards the finish line only to be crushed at the very end? we like that, though. >> what's the difference between the democrats in the terminator at the end of the movie is literally just crawling forward despite everything. the difference is he was a robot. they're actually intelligent beings. so how do you land their insistence on keeping going on the collusion story. there was a point in the last year for all of us have the sense that the russian collusion started to lose elevation of probably their market appeal to prove it talking about george papadopoulos and roger stone, but no they just kept going in the belief that robert mueller

was somehow going to deliver donald trump on a platter to them and it simply didn't work out for them. i think they're going to pay a huge price. stuart: the left won't let them pivot away from impeachment and away from investigation because their emotions are running real high. >> remember the famous praise that emerged over the last year and have first though, trump arrangements in durham. how else can you explain this other than in psychological terms because the substance simply isn't fair. that's what the mueller report has just done. taken the substance of this away from them so it's entirely a psychological phenomenon at this point. most politicians don't allow themselves to be carried away like that. stuart: the last line of your peace today is this makes donald trump much harder to be. i think i've got it right. so in other words, this assisted in going back to russia, russia,

russia, you think that's a feeling of missing strategic and political proposition ? >> historically issued a. we are going now towards presidential election in 2020. the reality just as it was before the mueller report, donald trump is the incumbent 45th president of the united states. historically incumbent presidents have an enormous advantage going into reelection, especially if the economy is good. if that goes into recession the president has a problem. but incumbent president has a tremendous advantage because he is the president negotiating with foreign powers. his conduct in presidential business. if they expect to run on nothing but antipathy towards donald jay trump against the incumbency of the presidency, they are just going to be climbing way uphill. stuart: speaker pelosi is trying to pivot towards health care. they're trying to pivot towards climate change with the green deal. not sure about that one.

they are trying to pivot. i just don't think the left will let them. >> they won't let them because the presidential candidates are living in a different world than nancy pelosi does in congress. pelosi wants to talk about substantive issues like health care and their agenda. democratic candidates are going into primaries where they assume perhaps not correctly but they assume progressives are going to dominate those primaries and so they have to appeal to the progressives and you have joe biden is to be giving a speech in which he says the white man's culture has to change. i mean, that is hated and grovel towards the progressives are demanding. stuart: dan hemminger, thank you indeed, sir. back to the headline from larry kudlow. he says we could be waiting weeks or months for a trade deal with china. the market not taking exactly on

the chin. bust a little ground down 20 points now. tom mightn't come as ceo of etf trends and he knows all about china. so look, i think there's going to be some to be censored or trade deal at the end of the day and i would like to invest in china before we get that deal so i can have a nice run-up but i don't know how to do it. how do i invest in china? >> is very easy. et has become more and more creative. tree into an etf is traded fund from a basket of stocks geared towards china in this case. >> that's right. i give you a couple examples. the largest group of china traded stocks buy the shares about the company is, that many of them are state owned. you can always trust china. we know that in the marketplace. however, a lot of companies just recently because chinese laws have loosened up that allowed investors outside the u.s. to

actually invest in chinese stocks. one etf, which is the asher harvest 300 etf, and this is the best way to actually get into china come invest in companies that are not stay down. >> are not particularly keen on not one? >> if you're going to make a position in china. they have a lot of different coverage. if you feel there's going to be a trade deal that's coming. the 300 is the best indigo. i could go to my broker, and dial-up and it behaves like any other stock and put my money in.

>> it's as simple as that. do you have a financial connection? >> neither of them. plenty of choices in the china area and valuations are very favorable. it is a 4355. it's gained some ground recently. they might visit up almost 28% year-to-date. >> larry kudlow just said that u.s. could be lifting tariffs on china to help foster a deal. that sounds like -- does that sound like good news? >> it's been good news they been working on it for a while. the negotiation will be an in intellectual property, cybersecurity cloud computing. amazon can't go into china right now. they have to share some of their intellectual property. they're not going to do that.

stuart: thank you very much indeed. big changes could be coming to fannie and freddie. the administration saying you know what, let get them off of the government conservatorship airbus would have been during a financial collapse. he's going to say push them to privatize. they are not going to stop the government being sent to mortgages. that's why stocks are going up or the president's not going to disrupt 2020 chances. this is fannie and freddie. they took the basket of luntz, securitized and resold them. i'm moving on because you clearly don't like this story. stuart: what you think of you or does a nicely into the camera now we're going to talk about fannie and freddie. click. >> come back, come back, come back. that's a fine report.

>> it was riveting. the producer as saying get on with it. next case. new york governor andrew cuomo getting backlash from his own party for a fundraiser he held. it's all over the price of the ticket. we will tell you how much a plate at cuomo's fundraiser costs. some would say it's outrageous. you can judge. we'll tell you what it is. brescia in venezuela says they can just get out. meanwhile, the kremlin says the u.s. should respect our right to build bilateral ties with. we'll get into that next. ♪

♪ stuart: china trade ministers have a minor impact on the stock market today. larry kudlow has said the u.s. may extend the china trade talks by weeks or even months. i took that as a negative here it is also said may lower tariffs on some chinese products and you may keep other tariffs in place. ashley: i feel like it could rain and again it could not reign. there's really nothing that's going to the market at all. stuart: you know, you're right.

you don't particularly care to cover china trade because it never goes anywhere. >> it's frustrating. we were waiting for the deal to come in. neither here nor there. stuart: a definitive statement by somebody in the talks and then will react. there you have it. dow was down 18. back in a moment.

50 grand to play. train for state politics. stuart: there's a difference? okay i'm moving on.

venezuela crisis clearly. president reagan met with the first lady of that country in the white house yesterday and took a stern stand on russia's president there. i want to bring in our old friend, fox news state department reporter come a big. good to have you with us. some of the latest in venezuela and russia. >> this is a rare public offensive by the administration trying to get change in official government there. the united case recognizes that day. the u.s. recognizes the first lady of venezuela. meeting with the president yesterday in the first lady and the president saying russia needs to get out of venezuela. russians have responded and they are singing with the united states is trying to do is to create a coup. they continued their backing of the maduro regime there. it is not ruling out more sanctions and try to continue to pressure their ticket aid in the country. the diplomatic push continues

from this administration but maduro simply will not leave. stuart: it is a diplomatic push at this point, correct? >> exactly. all options on the table so yes, all options are on the table. however right now they will say we are pursuing a diplomatic action and there is no road opened to a military option is the way they phrase it. stuart: good to see you again. don't you be a stranger now. >> great to be here, stuart. stuart: venezuela watcher, ceo and cofounder of cn plus one of our experts on south american affairs. i thought yesterday when president trump held a meeting of vice president pence in the white house with the first lady of venezuela, the wife of juan guaido, i thought that must have had tremendous impact in venezuela. did it? >> it definitely has a great impact in front of the world stage. when you are saying get out

straight from the oval office with mrs. rosales next year, is telling the world where we stand and what we are sending us a very strong message to russia. it's very concerning what is happening because russia is now getting actively involved, operationalizing. the job of a tater in having a big, you know, presidents that the world is watching as someone writing with people that are dying of hunger that needs to be removed. stuart: that message get out was seen around the world and at the same time the message i am with this lady. i'm with her husband has real meaning i think. >> i think we need to evaluate the roles of russia. a lot of people don't realize the oil company of venezuela has moved its headquarters from portugal to russia as of last month. that means they are safeguarding their assets in russia now. a lot of the funding happening

is not just for russia but also china. this is a dangerous geopolitical situation that everyone needs to pay attention to. it's not about the oil, stuart. the u.s. is there because of oil. we only get 10% of our oil imports from venezuela. venezuela sells its exports to the u.s. they need us more than we need them. the fact that russia is playing such an active role is scary and dangerous and happening right in our hemisphere. stuart: we did not know that you will company's assets moved to russia. best to safeguard the assets obviously. would you stay there for a moment. you worked in big pharma for 10 years. so we are going to want your take on these next stories. number one, a federal judge has blocked medicaid work requirements and to stave. it's another roadblock for the trump administration. will they come you say obamacare

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stuart: a judge made the trump administration's attempt at medicaid reform of the more difficult. liz: by mccarrick stated medicaid, added 15 million more people on it. kentucky and arkansas another's dates are saying hey, we need to save medicaid. we need to basically put work requirements in it. a d.c. federal judge said no, you can do work requirements in kentucky and arkansas. this judge is pushing back on the trump white house, which wants worker time as her medicaid. >> it was seen for low income and medicaid people. you can't do work requirements in that situation. it's a violation of the original intent. stuart: people who can worker and medicaid. that's at the trump white house is saying. it's an ideological battle right now.

stuart: obama can't expand medicaid and i were singing you can't impose work requirements. that's not going to happen. come back in who's been in the health care industry for a long time. you say that obamacare didn't work. my question is what you want in its place? what are we going to get? >> let's take a step back. a lot of people don't realize when you look at the u.s. versus 10 of the most industrialized nations, we rank last in health care. it's the most expensive. we pay three times more than her fellow friends in the u.k. and outcomes are actually worse. this is a systemic issue. when the president is saying we need to fix that, you can put a label and colored obamacare, but the u.s. health care is the worst among industrialized nations. stuart: how do you fix that? >> so many aspects of it. on the con side if you ask and then make it available for all

that she do it at the expense of more paperwork and regulations for providers that is going to make it more expensive to run and therefore it won't make sense. stuart: medicare perl doesn't work. >> unless there are incentives for employers or providers to innovate. you know how innovation happens, with competition. when you have open options, people are forced to have a better price and better offering than others and that is how you fix it. the other final thing a lot of people don't realize is 40% of patients happened to be minorities in the country. shifting the demographic. to get 40% worse outcomes. we don't handle an inclusive approach to health care worker and to continue to grow into a man healthy nation. there is inclusion, complexity and the provider area and also how you incentivize, evaluate medicine were you or p. &-ampersand good outcomes because right now i gets more expensive. we throw more money at it that

people are not getting healthier. stuart: if it's as bad as your statistics suggest the knife no reason to argue with you. >> american medicine and other powers that be. stuart: i don't see how in a couple years you can turn the whole thing around. i just don't see how you can do it. >> right now we are arguing and the president in the oval office that republicans will be the party of health care. you know, a republican or democratic issue is broken. obama tried to do something with obamacare, but the systemic issue of us giving people access to tell having a bad outcome will continue to make it a compounding effect that will be bad for rall. stuart: i understand. thank you very much. appreciate it. there will be more "varney" after this.

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stuart: president trump heads to grand rapids, michigan today. big came pan rally tonight. he it is supposed to kick off around 7:00 eastern time. i guarranty it will be full of fireworks. it will be rowdy. it will be boisterous and we're going to bring you headlines on it, little bites on it first thing tomorrow morning that ace

promise. there is something else happening tomorrow i think is really big. lyft, ride-hailing, ride-sharing group. they're going public tomorrow. you pet the first chance to buy into lyft. liz: they're beating uber to the punch. ashley: 72 to 78 bucks price target. stuart: interesting to see what the action is. i think this will open the door to very exciting investment opportunities this year. ashley: people ice a lot. liz: 20 billion valuation for lyft. 1/6 of uber you about pretty sweet. stuart: airbnb, pinterest, uber of course. hundreds of billions of dollars will be invested in these companies this year. that is really quite, i find it very exciting. first chance to invest, why not? check the big board, pretty much

dead flat. we've been up and down a little bit today. bottom line we're at 25,600. we're down just two points. with any luck we'll go absolutely dead flat by the time i head to my colleague neil cavuto. almost there, neil. it is yours. neil: the pricing around lyft, if you think $72 share range, even at that you would valuation higher than unite the continental and host of others coming out of the gate. we'll keep a close out on that as they sort of dot the independents, cross the ts, can you do that with numbers any just said they did. that is something everyone wants to focus on because that goes well, or at least debuts without any glitches, all this backlog of other ideas delayed because of the government shutdown can continue. whether theriault