tv Varney Company FOX Business April 30, 2019 9:00am-12:00pm EDT
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thrilled i am to have my little baby dusty. you were definitely instrumental in this, telling me i should not shop, but adopt. adopt. don't shop. >> there are thousands of animals euthanized every day that are capable of making great pets, and your best friend, so adopt a pet. maria: yeah. amazing. i know you have two of them. dagen, great to see you this morning. thanks to ashley webster. right to stuart varney we go with "varney & company." stuart: thank you very much, maria. good morning to you. good morning, everyone. happening now, juan guaido, the man america roiecognizes as the president of venezuela, is calling for a military revolt. the a.p. reports he's accompanied by a group of heavily armed soldiers. in an early morning video, guaido appeared near an air force base andent is now. venezuela's information minister said it was a coup attempt. obviously a fluid situation. we will keep you up to speed on it. 90 minutes from now, the
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president sits down with speaker pelosi, senator schumer and other top democrats. they asked for this meeting. it's about infrastructure. a similar meeting on december 11th did not go well. the news backdrop for today's meeting, not promising for any kind of compromise. house democrats are demanding mr. trump's tax records and all his bank accounts from way back when, and speaker pelosi says he obstructs justice quote, on a daily basis. we will keep you up to speed on what comes out, if anything, of that meeting. google, its growth in ad revenue is slowing. bad news. that's its cash cow. investors are taking it badly. the stock is down $107 in premarket trading. that's a drop and a half. 8% down. overall, the market will go up this tuesday morning. google will take a bite out of the nasdaq, as you can see. it will be down a third of one percent. but the earnings reports we are seeing this morning are generally supportive of the
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stock market. whoa, do we have a big show for you. wait until you hear what joe biden says about the market and the middle class. wait until you hear the criticism of james holtower, the big "jeopardy" winner. "varney & company" is about to begin. the stock market is roaring, but you don't feel it. there is $2 trillion in tax collected last year. did you feel it? did you get anything from it? of course not. of course not. all of it went to folks at the top, and corporations that pay no taxes. stuart: i am eager to have a go at that and i will, in a moment. but first, we have eric trump with us, right here in the studio. what a pleasure it is to have him with us. welcome back to the show. >> you and i will be fighting about who gets to respond to that first. stuart: you will respond after this.
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you are filing lawsuits against the banks because you don't want your financial records and your sister's financial records revealed. why don't you want them revealed? >> congress is subpoenaing everybody. let me just kind of start there. they are subpoenaing everybody. they started by subpoenaing 81 young kids, a lot of them in the white house, former white house aides, they are subpoenaing our lawyers, they are subpoenaing our accountants, they are subpoenaing our banks. they are subpoenaing everybody. the only person they haven't subpoenaed is my father's doctor. i guess -- stuart: medical records. >> it's insane at this point. all it is is presidential harassment. they know my father is doing ann believable job. they have no candidate out there. let's ask for tiffany's bank account, my half-sister. let's ask for barron's college fund. let's ask for any record of any person ever related to trump and the trump organization. they are subpoenaing records going back from when my father was looking at acquiring the buffalo bills in 2009 or 2010. congress, you know this, stuart, congress is bound by legislative
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purpose. in order to issue a subpoena, they have to have legislative purpose. they are subpoenaing banks we have never even done business with. stuart: on what grounds? >> none. none. that's exactly the point of the lawsuit. i'm glad we just nailed the lawsuit. all it is is presidential harassment. my father is doing an awesome job. i really think he's going to win again in 2020. the economy is on fire, as you guys talk about every single day. so how do we get to him? let's subpoena his children, let's subpoena his lawyers, let's subpoena his accountants. let's just throw a net out on the river and hope that something swims into it. again, they are subpoenaing banks we have never even done business with. stuart: it is your sister's debit card from when she was 22 years old or whatever? >> if you read how vague the subpoenas are, it's any family member, any child, any business, any entity going back, any period of time, having nothing to do with government at all. people in this country are damn sick of this, right? they want infrastructure fixed in this country. they want health care fixed in this country. they want to see an economy like
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we have now that continues to roar. they don't want to get ripped off by the rest of the world. my father has done an unbelievable job stopping the abuse of china and everyone else. they want the real -- education, right. instead, what are they doing? they are parading lawyers up onstage, they are harassing bill barr. people are sick and tired. believe me, americans read through this stuff. stuart: that's probably a bad political strategy. i think you're right, americans don't want this. let me get to joe biden. in his opening remarks yesterday, first big remarks of his campaign, he said look, the middle class is hurting, the stock market is roaring but you're getting no benefit. answer that. >> it's amazing, under obama for the eight years under obama, wages didn't increase at all. 0% wage growth under obama. stuart: household income went down. >> you had inflation. wages aren't growing, you had inflation so median household income was obviously going down. my father, it's been going up 3.1%, 3.2% a year, the first time wages have grown in the last 16 years in this nation,
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right. he's saying that people, you have record low unemployment. you have 3.8% unemployment in this country. you have the lowest unemployment for african-americans, the lowest unemployment for women, the loeft west unemployment for hispanics in the history of the nation. more people are working than ever before and he's trying to talk about jobs. it's interesting, he's talking about how he's going to fix health care yesterday, one of the things he keyed on. it's obamacare. he and his predecessor were the ones that broke the system to begin with. that is unbelievable. by saying you are going to fix the system that you created, aren't you admitting that that system was inherently broken? stuart: you have been on this program many times. i have never seen you quite so fired up. we are pleased to see you fired up first thing in the morning. i don't think it bodes well for the infrastructure meeting in the white house today. that's another story. i've got to go. you know how it is. good to be with you. thanks for being here. we always appreciate it. thank you very much indeed. let's get back to venezuela, where juan guaido is leading
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what he hopes will be a military uprising. joining us, walid farris, fox news analyst. we must have known about this in advance. are we behind on this? reporter: i think the intelligence community knows about it. actually, we, the public, thanks to social media, know about it as it's happening but of course, not before that. the whole matter now hinges on this. if interim president juan guaido made the call, it's one thing, or he's just betting that by making that statement from a military base, they will come. we have an example, if you remember, where he actually rose against the soviet union, he made phone calls, he got all these generals with him, then moved forward. that is information that we don't have so far. stuart: could it be end game, do you think? >> it could flip in one or other
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direction. i don't think it's a matter of one or two days. it's actually going to be longer. the concern i have is that the regime is ready to strike back. i'm not sure about the number of military units who will protect guaido. there will be some who will protect guaido but at the end of the day, it's also up to us to tell the regimes if you use military force against guaido, we will then act against you with our allies in the region. stuart: interesting. thanks very much for joining us on such short notice. we appreciate you being here. of course, we will keep everyone up to speed on venezuela as we go through the program. take a look at stock futures right now. in about 30 minutes, the market opens, 22 minutes. dow up 40. look at the nasdaq, though, way down. that's because of google. joining us now, economist peter morici. peter, we have a growth rate in america in the first quarter annualized at 3.2%. just got the numbers from europe. they are growing at 0.4%. i put it to you, we are the only game in town. what do you say? >> absolutely. rip van winkle woke up last week
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and thinks he's still in the carter administration. he said taxes are up, when 80% of americans have lower taxes thanks to donald trump, and the economy is growing now as it not has in this century. this is a very good economy. i mean, uncle joe was out there basically using goebbels' techniques, the big lie. stuart: that's a little strong. >> if you say the same thing over and over again, they've got people convinced. stuart: comparisons to nazis are a stretch by a long, long way. >> that's true. i just meant the propaganda technique. stuart: okay. you believe that this is the best economy that we've had in america in, what, decades or 100 years? which is it? >> since the reagan/clinton expansion. stuart: okay. if we've got 3.2% in the first quarter, what's it going to be like the rest of the year? >> that's a good question. if capital investment kicks in, we will have 3% going forward.
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what we really want to look at this week are the productivity numbers and of course, the employment statistics. because the thing that changed most in the last several months, the last couple of quarters, is productivity growth is kicking in and people are getting off the bench and rejoining the labor force so we can continue to add 170,000, 180,000, 200,000 jobs a month. if we have that, then the economy will grow robustly and there will be room for more wage increases. the real problem here is that 3% as opposed to 4% but better than 2% is the wage increases are incremental. they are gradual. so it's easier to sell this notion that we're stagnating. stuart: we're not. okay. peter, thanks very much for nailing that one. we do appreciate it. >> i didn't mean to imply anybody was -- i just meant that -- that technique. stuart: we got it. thanks very much. let's get to the earnings parade. i will deal first of all with general electric, as in ge. they came in real strong and the stock is up 6%. back above $10 a share.
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general motors, now their revenue, the amount of money coming at them, that fell short of what was hoped for, and the stock is down 2.5%. but mcdonald's, look at that, they reported same4.5% in ameri. that's a big deal. the stock is up another 1%, two bucks higher, just shy of $200 a share. the home builders. we have the latest numbers on home prices. i don't have it. what have you got? ashley: i do. i do. from january to february, they actually grew .2% which is a little anemic. it's the slowest growth in six and a half years. this kind of follows on from january which was the slowest in four years. the price gains are shrinking because fewer buyers are able to afford the homes that are available. that's the dynamic going on right now. of course, we had very low, let's be honest, just about 4% on a 30-year fixed mortgage. those are great affordable mortgages. the problem is that people trying to get into the market, the home prices are just not
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there. stuart: 4% on a 30-year fixed is certainly low to you and i. ashley: yes, it is. as we know. stuart: okay. let's go on. moving on quickly, please. more than a dozen democrat-led states trying to keep president trump off the ballot in 2020. unless he releases his tax returns. if that's not obstruction, i don't know what is. i want my voters' rights, thank you very much indeed. jetblue expanding overseas. they will fly from new york and boston to london, and get this, they are adding facial recognition at airports. you don't need a boarding pass. they just take a picture of you. the ceo of jetblue joins us in our 11:00 hour. do you remember when we told but the defense department spending $4.6 million on lobster tails and crab? how about another agency spending $300,000 on beer? one senator trying to crack down on government waste. she joins us next. "varney & company" just getting started.
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stuart: venezuela, juan guaido leading what he hopes will be a military uprising, is in the veets surrou streets surrounded by armed soldiers. what is our state department saying? susan: we just heard from secretary pompeo on twitter. he says today, interim president juan guaido announced start of operatione libertate. the united states fully supports the venezuelan people in their quest for freedom and democracy. democracy cannot be defeated. we know juan guaido has been, shall we say, the recognized leader in venezuela by the u.s. and 50 other countries since january of this year. it looks like he does have that support since they have overtaken a strip near the eastern airstrip -- stuart: support of who? susan: part of the military at this point which is what you need. now, we haven't heard from maduro at this point, but people
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think this is the final showdown. stuart: it could well be. interesting. we have developments as they occur. you will get them first right here. now, do you remember when we brought you the story of the defense department spending $2.3 million on lobster tails, they had extra money left over in their annual budget. then we heard they spent $2.3 million on crab in the same month. come in, senator joni ernst, republican from iowa, who is trying to put a stop to it. senator, you are really upending the whole way of government spending, because it is traditional, you wait until the end of the year, you have some money left over, you've got to spend it. how are you going to stop that? >> it is billion dollar binge buying at its worst in the federal government so we do have an act that i have authored that would control the amount of spending in the last two months of the fiscal year. it would be monthly average spending of what was spent the previous ten months on average.
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stuart: that's a nice try at fixing an obvious problem. i have had some contact with government spending. they do it all the time. come to the end of the period, if you don't spend it, you lose it. therefore, you've got to spend it. you've got to hope they pack the spending in over a longer period of time and they don't just pack it all in at the end, right? >> right. well, it's reasonable spending. we know there are items they need to purchase, but $4.6 million on lobster and crab, $24,000 on candy and candy bars at the end of the year? our federal government spent $53 billion in the last week of our federal fiscal year. this has got to stop. stuart: well said, madam senator. the usmca, new nafta, could be facing some trouble in congress. that's not good news for iowa. you are a farm state and usmca helps the farmers, doesn't it? >> it does. usmca is very good for our farmers and we saw, of course,
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an increase in dairy. we think that that is a wonderful agreement so we do need to get usmca done. yesterday the mexican government passed their labor regulations. that's good news, and nancy pelosi, speaker pelosi, was looking for that. so now the pressure is on the house to actually get the usmca passed and sent over to the senate. stuart: got it. senator joni ernst, thank you so much for joining us. we always appreciate it. thank you. >> thank you. stuart: check futures. where are we going this tuesday morning? we are going up for the dow, down for the nasdaq. that nasdaq is all about google which has a loss of about $100 per share. that shows up in the nasdaq, not in the dow. okay. the winning streak continues for that man, james holtower. he's won 18 games in a row but not everybody's happy. he's even being labeled a menace in one newspaper. ashley: what? stuart: how do you reason that? come on. more in a moment. nah. not gonna happen.
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name. correct response takes him up to $54,070. big sigh of relief. adam made you earn it today. stuart: there you have it. "jeopardy" champ james holzhauer's winning streak obviously continued. not everybody is happy about this. look at this. give you a headline from an op-ed in "the washington post." "jeopardy's" james holzhauer is a menace. i think that's going a little far. ashley: of course it is. look, he wins. he wins. he's got tremendous knowledge. maybe they don't like his style. he's a professional gambler from vegas. he's all about the data but he has the knowledge and gets the questions right. what's wrong with that? susan: i will just read from part of this op-ed. it says he substitutes cold, calculating odds maximiization for play. he searches for the hidings of the daily doubles, he gets the hard dollar, big dollar clues and that's how you win. what's wrong with that? stuart: of course. what's wrong with winning? ashley: if you don't get the answers right you don't win. stuart: exactly.
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what's wrong with winning? you don't win if you don't have the right answer. susan: you are demoralizing the other players. i think that's part of the game, isn't it? you are supposed to win. stuart: what's wrong with that? susan: nothing's wrong with winning. ashley: the guy is fascinating. susan: he boosted ratings by a lot over the 18-game winning streak. stuart: keep winning. we like winners. susan: win, win, win, win, win. stuart: let's check the big board again. we will be up at the opening bell, 40 points for the dow, small loss for the s&p, big drop for the nasdaq. that's because of google. we will take you to wall street after this.
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stuart: juan guaido in venezuela wants to lead a military revolt. the white house has a statement. what did they say? susan: sarah sanders says the president has been briefed and they are monitoring the ongoing situation. we just heard from secretary pompeo as well talking about the start of the operation. as you see, democracy cannot be defeated. stuart: wonder if our cia knows what's going on and has warned the venezuelan general don't you dare go after these guys or we will come after you. i just wonder.
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pure speculation on my part, okay? but i'm pretty sure we knew about this in advance. let's see. the opening bell will ring, it's ringing now. trading begins in five or six seconds. we are expecting a gain for the dow industrials, quite a lot for the nasdaq, because of google. we are off and running. 's the tuesday morning. we have opened to the upside. off 55 points, 56 points, a fractional gain of about a quarter of 1% for the dow industrials right from the get-go. how about the s&p? we were expecting a fractional loss. that's what we got. down .16%. now, the nasdaq, we are expecting a big loss. that's what we got. we are down almost three-quarters of 1%. we will get to google in a moment. joining us, d.r. barton, scott martin, susan li and ashley webster. i have to start with google, the parent of course, alphabet. what happened with google is this. their advertising revenue was not -- is not growing as fast as it was in the past. advertising revenue is their
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cash cow. that's why the stock is down $108, 8%. d.r., is the run for google over? >> it is not over, stuart. here's a couple of things. they went from above 20% revenue growth, year over year, to 18.6% so they crossed a magical barrier, but they had a lost kre -- lot of currency headwinds and that will probably mitigate into the summer. i'm buying it down here. this is a good chance to pick this stock up. stuart: what have you got, susan? susan: they were roughly $1 billion short of forecasts in revenue because of short-term changes in their advertising model. they are trying different things at this point which is kind of what facebook did as well. they are trying to find their footing. but i would say when you still have 40% of the advertising market in the u.s. and you write up the value of your assets around the world, it's not a bad thing. ashley: the "wall street
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journal" describes google as an old-fashioned billboard company with high tech gloss. the thing that really bugged analysts on the earnings call is they wouldn't directly answer when they were asked about the decelerating growth. never answered it. this they kept deflecting. that annoyed analysts. stuart: one thing to keep in my back pocket if i was going to invest in google, they haven't fully monetized youtube or google maps. >> you have constant concerns. stuart: there you go. that's right. this one's for you, scott. just hold on. apple report their earnings after the bell today. now, that stock is up 30% this calendar year. scott, in your judgment, do they have any more room to run? >> i believe they do. we have seen upgrades on apple recently. that's obviously been pushing the stock up. it's not so much more about ipads or iphones anymore. it's about service revenue. apple music, as we just saw, passed spotify in paid subscribers. that's a big deal. to me it's more about service
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revenue growth that's the future of the company, not the hardware. susan: i will speak to the cfo later on this afternoon before the earnings, and you can bet that given they are selling ten million less iphones in the quarter, they will be talking about services going forward. they will be touting that deal they made with qualcomm so we know there will be 5g chips in future iphones which is kind of a reason for people to upgrade. it's a selling point, the new technology, something faster for you to use, but also note that in this april quarter, is when they tend to talk about capital return to investors. i'm sure they will talk about dividend boost and maybe buy-backs. stuart: that will get you going. g.e., they are making money. they are shrinking their operations, they are making some money. the can sstock is up 4.8%. finally, i don't know whether it's finally or not, would you buy at ten? >> i'm not a buyer. i think g.e. has something i never thought i would see in my
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lifetime. it's turned from a stock to invest in for the long haul to a stock to trade ups and downs. i might do that. but the debt load on this stock is still far too great for this to be a long-term investment. ashley: their so-called reset year, according to the ceo. he's trying to turn it around. they burned through a billion in cash in the first quarter. that's an issue. they are trying to get a handle on the debtload. stuart: they are at $10.19 as we speak. check the big board. very modest gain for the dow industrials. 25 points higher. the dow is at 26,580. profit reports came out this morning from three dow components. first, mcdonald's. their north american sales up a whopping 4.5%. nonetheless, the stock is down just a fraction this morning. merck and pfizer both reported higher profits. pfizer is down a fraction. merck -- sorry, pfizer is up a fraction, merck is down a fraction. how about the drug maker eli
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lily? they came out with a rather weak forecast. that hurts the stock, down 3.5%. general motors, their revenue, the amount of money coming in, fell short of what was hoped for. it's down 2.5%, $39 a share. higher profit at con acophillips, the stock up a mere 68 cents, 1%. show me mastercard. they are processing a lot more payments, that's up seven bucks. that's 3%. healthy gain, mastercard. another software problem at boeing. by the way, their rival airbus will pass the company in jet production. boeing's at $361. scott, can boeing bounce back completely from all of this? >> if they finally tell the truth, maybe. my goodness, doesn't this story just continue to take random turns here, kind of like an aircraft in the air here. i will tell you what's going on. we saw the shareholder meeting
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yesterday in chicago. there were more questions really than answers, in my opinion. the a-320 competitor, that airbus is producing more of because of the fact boeing is having trouble, the thing i'm worried about is what do airlines do with respect to their relationship with boeing. do they sue, do they come after them for money because obviously, boeing has not been truthful through this whole incident. stuart: they've got a 20-year order book. 20 years. >> the big deal about airbus passing them is really a small deal. they are passing them making the toyota corolla of airlines. they are the small car. when you look at the big dual aisle planes, boeing makes 80% of those worldwide. they still make the high profit margin planes. they are going to continue to dominate that market. they are still a buy. stuart: you would buy? >> i would buy here. i think it will be a little bouncy but i don't think we will get a ton more downside on this news. stuart: okay. not sure where i stand on this. i like bargains.
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i don't know. susan: making small cars and corollas is still profitable. stuart: true. carnival cruise lines, on the screen now, their chief says it's getting harder to get people to take a cruise. he says the cruise industry is small compared to the hotel industry. ashley: let me tell you how small it is. the total number of cabins on all the world's cruise ships amounts to less than 2% of the world's hotel rooms. tiny. susan: only 20% of the american population has actually been on a cruise. stuart: really. susan: i covered cruise lines before. but there's a high return rate of 70%. look, in this world where oil prices are backed up and you are paying higher costs, margins are going down, you need more passengers on board, right? ashley: i do not see stuart varney taking a cruise. stuart: don't do that. ashley: have you ever done a cruise? stuart: i have done a cruise. susan: you have? stuart: i did one many years ago when my children were young. yes, indeed. >> big margin issue. stuart: scott, you want to get
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me out of this? >> stuart, you are one of the few, to susan's point, you are not the repeat offender. you didn't go back on the cruise. kudos to you. cruises feel like a big commitment, you get on the ship, you travel, you stop, versus the experiences with respect to airbnb, hotels, where you can go around, little more freedom, not as big of a commitment. that's why you are seeing that arena shrink so much. stuart: moving on. enough said. i'm getting out of this. they call it the impossible whopper. it's going to go nationwide. the point here is this thing is meatless. wait a second. d.r., you entertained us in the past because you tried these things. >> i have. i have tried both the impossible burger and the new ipo that's going to become an ipo, beyond burger. they will be ipo'ing in just a few months. both of them taste very good. i think the impossible burger has a little better flavor, in my opinion. the big thing, the texture, the
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eating of the burger, the experience, is no different than eating a beef burger. stuart: wait a second. can you order it rare so there's fake blood coming out of it? >> they use -- impossible foods uses beef juice -- beet juice so you can get that same experience. like that grows in the ground. stuart: why are you laughing at me? it's a great question. >> they wanted to produce that experience and you get that. ashley: it's quite a clever question. never even gave that a thought. >> the biochemists tackled it and did it. stuart: beet juice. yum. susan: getting back to health trends of the u.s. and mcdonald's, which is trading close to those record highs, their shares are down because they have promotions that drive sales and even though that's a great same store sales number, 4% growth, it's actually down from previous years. maybe it's the beyond meat in the vegetarian burgers driving
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people away from mcdonald's. stuart: sales are 4.5% in north america, an economic indicator. i want to get to you, scott, on this one. seems to me that america is the only game in town. okay. we've got 3% growth in the first quarter. europe just came in with 0.4% growth. 20 seconds to you. we're the best game in town. >> for sure, stuart. don't forget, too, this was predictive economic data at the beginning of the year, looked like it was maybe half a percent or so, and a fed that was tightening. now a fed that's on the sidelines, reducing their balance sheet. that's somewhat tightening. this is a great economy and i guess to president trump's point, imagine if the fed does get on board with reducing the balance sheet, stopping that at least and maybe even cutting rates. my goodness, this economy will grow over 5%. stuart: it's that time, everyone. tuesday morning, 9:40 eastern time. got to say good-bye to d.r. and scott martin. both of you gentlemen, thank you very much indeed. now, we have just come back to the upside on the dow. a very modest gain, two points
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higher. nasdaq still way down because of google. china wants to put a military base on the moon within ten years. we will tackle that one for you in the next hour. chase, the bank, under fire for a tweet that tried to motivate people with low balances. the bank's accused of poor shaming. they are just giving advice. don't buy $5 coffee, for heaven's sake. chase has withdrawn the tweet. that is ridiculous. my take on that, top of the hour, 11:00. next, democrats in blue states trying to keep president trump off the 2020 ballot unless he releases his tax returns. looks like a major obstruction to my voting rights, to me. it's coming from the left. of course we are on it. fact is, every insurance company hopes you drive safely.
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stuart: modest gain, leave it at that, six points up for the dow, 26,562. apple teaming up with goldman sachs and mastercard to launch a credit card this summer. now, that news came out of mastercard's conference call which they hold right after they release their earnings this morning. by the way, apple releases its earnings after the bell this afternoon. mastercard's up 3%. big deal. more than a dozen blue states are pushing to remove president trump from the 2020 ballot if he doesn't release his tax return. what? joining us, fox news contributor jason chaffetz. that's outrageous. you are denying me my voter rights, you have no right to do this. where am i going wrong? >> no, i think you're absolutely right. he's the sitting president of the united states of america. there is no requirement for him to release these financial documents. he's complied with every financial release that he needs
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with the federal elections commission. there has been no suggestion from any credible source that there's anything improper there. if there is an investigation, it should be done by the irs, but it's the democrats fishing and trying to embarrass the president. they have presupposed that he's done something wrong. they just haven't been able to find any evidence of it and they want to see his tax returns. stuart: to say that if he doesn't reveal his tax returns, he's not on the ballot in, for example, california, that's outrageous. that is interfering with the voting rights of half the population who would like to vote for president trump. >> it's a pretty simple equation. that's what they're trying to do. it's no mistake. these are all democratic controlled states. they are trying to embarrass the president. they are trying to make sure the republicans and supporters of the president do not have the opportunity to vote for him. if you look at what they're doing in the house in hr-1, nancy pelosi and crew have been trying to fundamentally change the way we vote, and with
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taxpayer funded campaigns, that is, they want you to have to reach into your wallet and give money to politicians so they can run even more expensive ads on television, it's a concerted effort across the board and they are trying to sue and get the president's tax returns and go after his banks to try to extract financial information as well. stuart: jason, we had eric trump on the show this morning. literally just 20 minutes ago. he told us that the democrats in congress want the debit card records of tiffany trump from way back when she was 22 years old. by what right does congress have -- does congress have any right to those financial records? >> they have no right to those records. there's plenty of supreme court precedent, the watkins case, for instance, that says no, you can't just go on fishing expeditions to exploit people and to expose them, in particular when they have done nothing wrong. they are also going after the
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trump hotels. they want the know what everybody spent, they want to know -- see how much money you maybe spent in the mini bar, if you watched a movie in that hotel. people have got to look at the democrats and say really, you got to figure out who's staying at the trump hotels and how much they spent, what were their credit card transactions. that is such an abuse of power. but it's what the democrats are doing right now. stuart: there should be a political response to it. jason, as always, thanks for joining us. we will see you again soon. thank you, sir. check the dow industrials and check the 30 dow stocks. it's a mixed picture there. we are virtually flat for the dow and we have got an equal spread here, about the same number of stocks in the dow 30 are up as are down. how about this one. los angeles following in the footsteps of new york mayor de blasio. l.a. unveiling its own green new deal. we will deal with it next. i can't tell you who i am or what i witnessed,
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stuart: all right. 21 minutes worth of business. we're going down five points on the dow. that's it. then we have uber and lyft, going to stop hiring new drivers in new york city. how about that. what's going on, gerri? tell me, please. gerri: it's all about new regulations from the taxi and limo commission. they are requiring the drivers make at least $7.22 an hour after expenses.
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the more cars you have on the road, the lower the fares are for these drivers. so both uber and lyft have stopped taking applications. uber stopped taking them april 1st. lyft stopped taking them april 19th. this hiring freeze will probably not be permanent, because there's a big turnover. uber has an 11% turnover in these drivers each month. the ipo for uber, remember, coming next week. dara khosrowshahi will be down here going public. for now, these two companies, uber and lyft, stopped hiring new drivers in new york city. back to you. stuart: thank you very much. got that. los angeles has unveiled its own green new deal. okay. what's this? susan: they imagine that by the mid-2030s they want 80% of the cars to run on electricity or zero emission fuels. they want 80% of the electricity to come from renewable sources. they also want los angeles individuals that drive 2,000 miles less than they do each
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ye year, something we have had proposals in the past very similar to this. city hall and the mayor himself have very little power, as you know. stuart: so by 2030 they want 80% of vehicles in los angeles to be electric? susan: correct. zero emissions. 80% of all electricity used in cities to be from renewable sources. that's all. you know. we'll get there. stuart: wave that magic wand, why don't you. let's get serious. the latest from venezuela. reports of gunfire outside a pro-juan guaido rally at an air base near caracas. the white house says the president has been briefed and is monitoring the situation. joining us, mary anastasia o'grady from the "wall street journal." it seems to me juan guaido has now started an open and armed challenge to maduro. >> that's pretty much right. we have known for a long time that there's a division inside the military, a number of commanding officers and the rank and file prefer juan guaido because he is the democratically
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elected head of the national assembly versus the dictator, but they have been afraid to move. this looks like it could be -- stuart: they're moving. >> yeah, they're moving. i think there's a lot of bad things that can happen. i think we should contain our enthusiasm. number one, we are not too sure who's leading this. my sources are telling me that they are going to target guaido. stuart: maduro will target guaido? >> they will target guaido and there is also the possibility that some of these military people aren't really supporters of his, but would like to see him targeted. they don't like maduro, but they don't want guaido. they are basically old-time chavistas. we have to be aware of that. stuart: haven't you also reported that we have told them, we have told their generals, we have told maduro, our cia probably did it but we told him you mess with this, you shoot him, or you shoot demonstrators, and we will do something about it militarily. we laid it on the line, haven't
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we? >> that may be one of those famous red lines because i'm not sure that the u.s. is willing to go in there. but i do think that if they take guaido or they take other important political figures who are supporting guaido, that that could really create an international incident. let me just add one other thing, which is that i think, i mean, my own view is it's very likely there's going to be a lot of bloodshed, because the other side, don't forget, they are paramilitary, there are a lot of armed informal groups who are very loyal to cuba, iran, russia, and those people are not going to suddenly put down their weapons and walk away, even if some part of the military sides with guaido and says we are going to take over. by the way, what is expected is they are going to take over certain military installations inside caracas today. we'll see if it happens. stuart: 20 seconds. looks like we are on the verge of civil war. i hate to say that, but it does look like it. >> i have said that all along,
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that we are going to have a civil war, because the only other option to a civil war is that this place becomes cuba for the extended period. don't forget, cubans, castros were in there for 60 years. the only way out of it is probably shooting your way out. that's unfortunate because there will be a loss of life. stuart: it is indeed. thank you very much for being here. >> thank you. stuart: okay. we are about a half hour away from the top democrats meeting president trump at the white house. the last time they met, it led to a government sht do you knut. it was really awkward. the political background to today's meeting doesn't bode well for a deal on anything. my take on that, top of the hour coming up. the simpsons mock upstate new york in its latest episode. congressman tom reed represents upstate new york and will be with us to respond. beto o'rourke says if we don't do anything about climate change, we will all be gone in ten years. yes, we will deal with that as well. in hour two, coming up.
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stuart: almost 10:00 here on the east coast in new york city. as we tell you it is 7:00 in the morning in west coast. there, exactly 10 eastern time. the number just released. this is the latest reed on consumer confidence. this is an important number because how we feel about the economy and its future has a lot to do with the state of the economy, how we feel about it. have we got the number? ashley: looking forward to getting it to you. we don't individual right now. we've seen a decline. february was at 131 if you want to use numbers. march at 124. we're hoping a little bit of a rebound for 126. has not come out yet. stuart: not the official number. still don't have it. right now the dow industrials are down 12 points. now. the first time they tried it it did not work out very well at
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all, did it. speaker pelosi, minority leader schumer, president trump, they all sat down together on december the 11th in the oval office. they were talking policy. the meeting ended awkwardly to say the least. the government shutdown followed. all right. half hour from now the president, pelosi, schumer and other top democrats they will meet to discuss an infrastructure plan in the white house. i have no idea how this will turn out. but i have to say that the news backdrop is not promising. in short, the democrats have unleashed a furious attack on all aspects of the trump presidency. they remain committed to resistance, that is, stop everything, give nothing. for example, speaker pelosi says mr. trump obstructs justice on a daily basis. the investigation machine goes into overdrive. democrats want the president's tax returns, and bank records of his business dealings from way back when. at least two presidential
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candidates want him impeached that is the political background for today's talks, to say the least it's not promising. well the democrats want is a political win. we're told they will go in with an aggressive infrastructure plan, with some kind of tax increase to pay for it. they want the president to reject it, say no. so they can say he is standing in the way of the will of the people. if the president wheels and deals, they get some kind of plan, they will say we did it, we forced him to back down. thanks us. it is all about the slime trump effort part of the 20 to campaign. the floor in that strategy is obvious f there is no infrastructure plan, no new nafta, no border security, it will be the democrats who should take the blame. they obstructed, they resisted, the countries pays the price. we'll be following today's meeting. it will say a lot about what gets done and what does not get
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done in the next 20 months. the second hour of "varney & company" about to begin. ♪ stuart: the dow down 26 points. we did receive the consumer confidence number. ashley: it was a little slow but we got it. 129.2. the estimate was 126. what that tells us is a nice rebound in consumer confidence. stuart: that's what we want to hear. ashley: which should be. pending home sales had a blowout number as well. we saw two pieces of economic data holding the losses if you like on the dow right now. stuart: you got that right. we're down 35 points on the dow. not that much of an impact from the consumer confidence home building thing. ashley: no. stuart: we're down 36 as we speak. oh, but look at google. the parent company is alpha bet. they're facing stiff competition in advertising. their advertising revenue growth
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slowed. that is their cash cow. that is taken as very bad news. the stock is down a whopping 99.82. that is a drop 1/2, 7.7%. let's get back to the action coming up at the white house. speaker pelosi, senator schumer, they will meet with the president at the white house over infrastructure. tom rogan, "washington examiner" commentary writer joins us now. do you think anything gets done? i'm not just talking about infrastructure, i'm talking about usmca, immigration, anything at all gets done in the next 20 months, what do you think? >> there may be some tinkering around the edges but i think it is unlikely. as you suggested in your opening monologue, stuart, the democrat party for reasons playing to increasingly leftist populist base has little interest in making what would be necessary to to make a deal with president trump, i say compromises. when we look at next
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year-and-a-half, coming up to the next election, there will be an effort to really galvanize the base, playing off that base's disgust for president trump. stuart: will it work? if nothing is done, all they have done is slime the president, that a winning electoral strategy for 2020? >> i don't think it is clearly democrats to win back the white house need to win vote that's president trump won in 2016. if you think about the marginal state has make a difference, the states that trump turned red in terms of michigan, pennsylvania, the difficulty, people in those states are seeing sustaining economic growth, a sense of optimism and frankly the peripheral stuff in terms of the identity politics which the democrats try to focus on more, down hold firm. i think that will, finally you see president trump's evolving
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strategy in next couple days, hitting democrats on power of big unions, for example. trying to take on democrats in the class warfare sense. they're saying all of this, but look at fundamentals, look at the economy. i think president trump is well-placed to make that argument. it kind of pulls the rug out from under the democrats in an area of income, you can do better where perhaps they might have an advantage with another candidate. stuart: a couple of guys with british accents know all about class warfare. we invented it. that is the truth. tom, hold on a second. i have to digress to something for a moment. i want to bring in scott shellady. scott, i will ask a different kind of question. you are the cow guy. you have a cow jacket on. how do you react to burger king rolling out vegan burger, impossible whopper, no meat, no beef. i'm theying this at you to be entertaining. what do you make of it.
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>> if i was aoc i got rid of my tenets of the green new deal. we don't have anymore college, methane gas ruining the ozone, meatless burger, great example of technology what the liberal left thinks could be a problem in 10 years from now. also, nobody is really going to want to give up the good taste of meat. there will always be a place for it. having a choice is not a bad thing. i think this is as bigger story taking out one of the green new deal tenets which cows are hurting the atmosphere. stuart: at top of the hour, we got a good reading on consumer confidence. this doesn't have much of a market impact, what is the significance of this? >> it is significant. because that is such a large part of our economy, having the consumer be happy. how could the consumer not be happy? jobless rates at all-time lows. unemployment rate at all-time lows. wages are slowly starting to pick up again. that is all going in the right direction for the president.
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all he has to do is stick to the numbers and the economy he has a winning thing for the next election, 4% growth in europe. we're a standout. scott, thanks very much indeed. sorry about the question about meatless burgers. i know you have a interest. i have to ask that. thank you, scott. want to bring back tom rogan. beto o'rourke released a plan to combat climate change. listen what he said about it. >> i want to make sure those who work in the oil and gas industry, those who work in the fossil fuel industry, are brought along as partners to make sure we make this transition in the 10 years that we have left to us as science, scientists tell us to make the kind of bold change that we need. stuart: whoa, we have only 10 years left, tom what do you make of that? >> well it is interesting, it is interesting in the sense that it is vaccuos.
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if you read into the plan, you read it overtly statist takeover of some of the most efficient productive areas of the economy. energy revolution, fracking, oil, gas, extraction, energy independence, all these things that manifestly you would say statistics are good in terms of sustainable private sector, well--paying job, reducing energy bills, not relying on other countries. exporting energy to allies against states that use energy blackmail like russia. instead beto o'rourke seems to think by having this massive government expenditure to pay into these things he can somehow produce a better, a better outcome. i just, the detail of what he is suggesting doesn't replicate that. more than that i think if you actually look what it means in terms of what the clean power plant, for example, under president obama did, it drives up energy bills. one very quick example he, says
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in the piece, outline of the green new deal, whatever he calls it, one of the best things we'll do to reduce consumer costs is improve efficiency, energy efficiency in buildings an automobiles, et cetera, et cetera. the marginal effect of that of course is to push that price level down to consumers in terms of the compliance costs there for businesses. but also, people having to get people into their homes to do all of this stuff. it is not nearly as democrats, with many of their policies, morality in terms of economics is not nearly as clear, nor as positive as they like to pretend. stuart: i think you said it much better than i could. >> i'm not sure i did. stuart: that was really good, tom. you'll be back. mr. rogan, thank you very much indeed. >> thanks, stuart. stuart: here is the white house. president trump talking infrastructure with top democrats shortly. if this one goes anything like the last time pelosi and schumer
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visited the oval office it could be contentious. any headlines from this meeting today you will get them. several law makers from massachusetts to block i.c.e. agents from courthouse property. days after a massachusetts judge pleaded not guilty to charges that she helped an illegal immigrant escape from the courtroom. china wants to be the first country with a military base on the moon. one of our top china watchers says they're beating us when it comes to space warfare. he will make this case this hour. "the simpsons" going after upstate new york. a up state coulding man is not happy about it. you will hear about it after this. ♪
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i would call that a marginal loss. mcdonald's sales in north america up 4 1/2%. round the world up 5%. that's thanks in part to their big bacon promotion last month. the stock is up 3/4 of 1%. google's youtube has announced it is partnering with major league baseball to stream live games this season. 13 games distributed globally, with exclusive distribution in the u.s., canada, and puerto rico. google's stock affected by not that. it is down sharply. "the simpsons" mocked upstate new york in it's latest episode. here is a clip. >> ♪ there is no fancy part of it, upstate new york ♪ ♪ they're fond of their booze, think this is great, i'm going to clock -- clog my heart in it
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upstate new york ♪ stuart: to the tune of new york, new york. tom reed, is a congressman upstate new york. they're calling out big problems in your part of the state. are you offended or what? >> i'm proud of western w ou have seen we've become a punch line across the policies because of policies coming out of governor cuomo and one party control out of albany. stuart: the president is take issue with new york state. this is about new york, here is the tweet. people are fleeing new york state because of high taxes, yes, even oppression of sorts. they didn't even put up a fight against salt. could have won. i will leave it with that one. congressman, do you think there is any chance that salt, you know the state and local taxes, very small deduction there, is that going to be repealed you think. >> obviously we stand for repeal but i think the focus in albany
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should be getting our spending under control so the taxes driving people out that the president rightfully points out get fixed because with ever increasing spending you will have ever-increasing tax. people are showing what they think of that they're leaving with their feet. stuart: you know they will never reduce taxes. that is simply not going to happen. you know that. are they leaving your district, your constituency? >> we are. you look at last census and this census we're projected to lose one, maybe two congressional seats. there is no doubt people are leaving new york because they cannot take a high-taxed burden and regulations driving people out of it. that has to change in albany. one party extreme democratic control will destroy the state even more. stuart: it is not going to happen, is it? you will not get it to change. >> we'll fight it. i'm a proud republican. i bring our philosophy and pragmatism to the table to working together to so these problems. stuart: am i right in saying virtually all of upstate
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new york goes republican but westchester county on south, new york city, long island, solidly democrat? it's a total split, isn't it? >> it is, stuart. you look at a map where the votes are. i will tell you, see deep, deep blue down in the city. everywhere else is red. that is where we have to bring the practical republican new brand of getting things done for people to the table f we do that, we have a chance to save new york and people will start moving back in as opposed to leaving left and right. stuart: you have to wait it out, tom. >> wait it out and fight. stuart: could be decades, you know that? tom reed, always a pleasure. thanks for being with us. >> great to be with you, stuart. stuart: okay. the nfl and twitter agreed on an extension to the current deal. what does that mean. susan: multiyear extension. new live shows for the 100th season of the nfl. this is about live programing but no games i need to point that out to you. stuart: oh. susan: they will have new
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coverage of nfl kick-and-a-half, thanksgiving conference championships, super bowl you can't stream the games on twitter. they used to do that. they made $10 million for "thursday night football." that partnership ended. amazon paid up $50 million to stream an nfl game. stuart: no games. susan: billions of dollars in broadcast rights if you want to do that they have a partnership that is working. hence they're extending this deal. stuart: the stock up to $40 a share on twitter. there is a headline. lots of news on venezuela. opposition leader juan guaido says the final phase of his plan to get maduro it, the final phase has begun. he is asking for the venezuelan military to revolt. he is on the streets making that call. jetblue, airline leading the way on facial recognition. no need for a boarding pass. smile to the camera, get on the plane. it has to work 100% of the time,
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stuart: not much movement on the markets. certainly not for the dow. we're down 24 points. look at ge, they loss less money than expected. that is progress. the stock is up really 5%, 21 cents a share. got to bring you the latest on venezuela, where it is actually happening now. an uprising, orchestrated by venezuela's leader juan guaido, it is now underway. they're trying to out of disputed president nicholas
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maduro. now juan guaido appeared in a video this morning surrounded by armed soldiers, calling on the military to revolt. he is on the streets now, calling for that revolt. the white house has said we're monitoring the situation and so too has the state department, monitoring the situation. what is the latest from senator rubio on this? susan: virtually every major news outlet is calling it a coup by juan guaido. some of the most shameful reporting by cnn is taking place, calling that what is happening in venezuela is an armed coup. it is growth desk he says. he is right. guaido is recognized as legitimate interim president of venezuela by over 50 nations. stuart: that is not a coup. ashley: russia and china would call it a coup because they don't recognize guaido. the key to this whole thing is whether guaido can get the military on his side, to turn
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maduro's troops on maduro. that is the critical thinking. colombia's president put out an appeal to the venezuelan military to reject maduro's leadership. brazil has an emergency meeting coming up in an hour, they will discuss what they are going to do. these are the countries that border venezuela. the key to this whole thing is the military, who do they back. stuart: it is the response of maduro's military to movement by guaido. what are they going to do? shooting them in the streets, you have a problem. susan: who do they side with? it has been five months since guaido was recognized as interim president. it has taken this long. some thought it would take place when the aid was trying to get through the bridges across the to venezuela. at that point the military sided with maduro. looks like there is turning of tide. ashley: why this timing? those defected in colombia, are
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turning around to support guaido. stuart: chase bank, the bank, sending out what was supposed to be a lighthearted treat about being frugal, being thrifty. chase was accused of poor shaming. my take on that top of the hour. 11:00. new op-ed in "washington post," "jeopardy"'s new champion is that guy, is a menace says "the washington post" writer. brian kilmeade will deal with that for us. brian is next. ♪
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♪ stuart: this is your favorite? ashley: not stu's. susan: one of my favorites. stuart: bubble gum pop? ashley: not a fan. stuart: the producer is in my ear complaining that i'm complaining, et cetera, et cetera. like twist and shout occasionally. check the big board slightly larger loss. down 31 points for the dow. check the big tech names. you will see that google is having a very rough ride. it is down 8%. that is $106. by the way, apple reports after the bell this afternoon, walking up to that. that is down three bucks, quite a loss for apple in advance of its earnings. national security advisor john bolton has been tweeting about venezuela. it is just coming to us. quote, venezuelans have made
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clear that the current path towards democracy is irreversible. venezuela's military has a choice. embrace democracy, protect civilians and members of the democratically elected national assembly, or face more man-made suffering and isolation. not exactly a threat but, i think john bolton is holding the maduro regime with its feet to the fire. he knows what's going on right there. ashley: there is another part to this and forgive me if i'm jumping in i am, you said the russians rand cubans who are in caracas to save maduro must step back. that is the strong language. stuart: russians and cubans must step back. that is a warning. flat-out. then we have this, china's manufacturing slowed for the second month in a row. raid talks are progressing what are supposed to be the final stages here. gordon chang is with us, author of the new book, "losing south
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korea." welcome back to the program. welcome back again. final stages, you're smiling, not the final stages? >> everyone has been saying that. you have to remember the optimism machine. go back to april 3, by noon, "new york times," "wall street journal," all reporting that president trump a few hours later was going to announce that xi xinping was coming to the white house. it didn't happen. during that oval office meeting that they referred to actually president trump threatened to cut off trade with china. so you know there is a lot of disagreements. there is a lot of people leaking stuff. steve mnuchin, treasury secretary says look, we're on the final laps, all the enforcement mechanisms except fine-tuning that was the sticking point. you look at all that, say yes, there will be an agreement soon but on the other hand there are a lot of reasons i think have not been taken into account that would push against a trade agreement. stuart: give me the big one. >> i think the big one inside of china right now you do have that
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crumbling economy. they realize if they accept a trade deal with the united states, it is not going to be what they want. xi xinping is going to be i think politically attacked for it. he is totally accountable for this crumbling economy. stuart: okay, but we, america, we would have to give up something, we would have to make concessions t cannot be entirely one-sided. what do you think we would give up? >> i think one of the most important interviews ever been conducted on these trade talks was the one you had with michael pillsbury about a month ago. pillsbury said two things the chinese are going to get, in danger of getting, access to the u.s. market on electronic payment the and access to infrastructure spending. i don't know where mike got his sources but the point we need to be thinking about what the chinese are asking for because when we focus in on this, we focus what we want from beijing, not what beijing wants from us and very well may get if pillsbury is right. stuart: sounds like the makings
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of a deal are in place. let me move on a second. this is right up your street. china says it plans to have a permanent base on the moon in 10 years. do you think that has a military application? is that what it is? >> yeah, china's space program is entirely military. so yes, they will think about how to use this to create problems for us. they might go after our geostationary satellites, the ones 22,200 miles in space. they're now unvulnerable to china's anti-satellite weapons. who knows what the chinese are thinking about that. that puts them in the position where they're unchallenged because although you know, vice president pence at the end of march said we're going to be on the moon in 2024, he didn't have any financial details to that. he didn't have any other commitments. it is nice aspirational statement. i hope it is true. but i don't see it happening. stuart: seems like a new cold war with me. not with russia, the soviet union, but with china. you feel it is? >> the chinese have been
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conducting a coal war against us for decades and we've been oblivious. stuart: you don't like it, i can tell. >> i like it we're starting to defend ourselves, stuart. stuart: gordon chang, thank you very much indeed sir. this story about a chinese ride-sharing company, look at billboard, it is unhappy with its fleet of tesla cars. they complained about cars on a billboards. susan: a ride-hailing company in china posting those billboards up in times square complaining to tesla because they bought 208 of them. 20% have mechanical failures. when they try to get them fixed they have been running into a lot of problems. they say that basically the service waits are 45 days which has cost the company $965,000. stuart: whoa. >> they want compensation. they want refunds. they want tesla to know they are unhappy and to do something about it. don't forget tesla has an image problem with the tesla model s
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that caught on fire in shanghai. they have a quality image to repair, especially trying to build a second gigafactory for $2 billion in shanghai. stuart: more bad pr for tesla. the stock is at 240. that is interesting. it is 10:40 eastern time. that means we can bring in if this man, not the guy on the left-hand side of the screen. james holzhauer. he won again. a tear from "the washington post." james holzhauer is a menace. i think that is a little strong. brian, seems to me criticizing the man because he has a system. because he wins and because he knows the answers. what is wrong with all of this? >> charles lane. charles lane you see him all, on the channel often, especially on "special report" he writes story. he is using analytic and odds
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like billy bean with "moneyball," playing percentages analysis how to win the game. i have no problem with that you have to be incredibly bright to get. there i don't think you have a system or not. to perform under pressure takes a lot of poise. number three, if you have a strategy is there a way to win a war technically correct with every columnist? it there a way to win a game politically correct, make world series less after champion if they play the odds? he is looking at america's most popular game outside of "wheel of fortune" saying this is how you win. i don't understand the resentment. stuart: neither do i. i think the resentment comes in you're not allowed to win. you're not allowed to win categorically, convincingly, you can't do that, you can't intimidate opponents. you must win slightly and nicely. i object. i don't see anything wrong with holzhauer creaming the rest of the team. i want him to walk away with
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$10 million. what is wrong with that? >> nothing wrong with that, stuart, especially because you are not a giants fan. and you are you understand what it is like to be in a situation are we're drafting the opposite of what makes you successful. that is for another time. giants are making it too easy for the rest of the league. stuart: that is the worst pivot i have ever seen in my life, kilmeade. good lord. tough get serious for a second. show you a tweet from bernie sanders. here it is. what would be truly heroic is if disney used the profits from "the avengers" to pay all the workers middle class wage instead of paying ceo bob iger 65 million bucks, 1400 times as much as the average worker at disney makes. we have wage inequality raising its ugly head. what say you. >> number one when you enter into a deal, production assistant or key grip, i like to see myself the key grip when i'm not on television, the key grip
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for everybody's lives, lever the job is, that stepping stone. i need will smith, i will pay him $20 million. because will smith brings in 100 million. it is not his fault that he is more talented. adam sandler get as thing called ratings and box office. something he is able to produce, therefore work toward the investment this is not charity. so the avengers come out. they bay the big salaries. if you don't want to work for that show, don't sign up for the crew. some of this stuff is unionized in particular. i will say this, this might bother you and your prestigious panel, i don't know why bob iger needs $65 million. i don't know what he possibly could do to warrant that type of bonus. stuart: what? >> i'm being serious. what kind of bonus is that that you need $65 million? stuart: who cares whether he needs it or not? >> does he rely deserve that much money. stuart: do you deserve a radio
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show? do you deserve to be host of "fox & friends" in the morning? >> they don't give me $65 million to do it. >> what is acceptable salary then? you're getting my goat. i know you are. >> i don't know but i do think these bonuses are way out of control. for example, i'm watching cbs lay off hundreds of people, thousands of people. at same time giving huge bonuses to the executives. listen, keep the 40,000-dollar a year job people working hard. make the product great. maybe i can try to live on 62 million. stuart: i have got a hard break coming up. so i will cut you right off before you really put your foot in it. kilmeade you may or may not be back next week. >> i don't need 65 million to be happy. i don't need 65 million. stuart: don't take it then. if i offered it to you wouldn't take it. get out of here, kilmeade. serious stuff. venezuela, disputed president maduro is tweeting this translated by google translate. here it is. nerves of steel. i have talked with the commanders of all the ready,
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red-eye and zodi of the country who have shown me their total loyalty to the people, to the constitution and the to the homeland. i call the maximum popular mobilization to ensure the victory of la paz, overcome. fighting words if you ask me. that just in mama during roy. that big caravan another one, heading north, not just people escaping central and south america. fox news found people that traveled all the way from africa and asia for a chance to come into our country. you will hear one of their stories in just a moment. ♪ patients that i see that complain about dry mouth,
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they feel like they have to drink a lot of water. medications seem to be the number one cause for dry mouth. dry mouth can cause increased cavities, bad breath, oral irritation. i like to recommend biotene. biotene has a full array of products that replenishes the moisture in your mouth. biotene definitely works. it makes patients so much happier.
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today's senior living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. and there's never been an easier way to get great advice. a place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a perfect place. a place for mom. you know your family we know senior living. together we'll make the right choice. stuart: that migrant caravan moving towards our border. fox news griff jenkins, he is with the caravan. griff, you met a man from cameroon i think it is?
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tell me the story, please. reporter: hey, stuart. i sure did. let me show you around here. this is the biggest shelter in the area, 25 miles north of the guatemala-mexico border. you can see the migrants that are outside. it is overcapacity inside. these people can't get in. we counted people you're looking at from more than 10 countries, cuba, haiti, angola, congo, guinea, togo, cameroon, bangladesh and northern triangle countries of honduras, el salvador, guatemala. the man you mentioned, he took a very long journey to get here. it is unbelievable. take a listen, stu. >> i'm from cameroon and i sailed from cameroon to nigeria. from takesh to colombia. from colombia to panama. panama to ecuador.
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coming by boat or bus. i reached back to colombia. i take my boat from colombia. i arrived to guyana. i from there i walk in the jungle from capogana to panama in the jungle. when i arrive in panama. i left panama to costa rica. from costa rica to nicaragua. from nicaragua to honduras. from honduras to guatemala. from guatemala to mexico now. reporter: stu, what's different is of course the fact word has gone global you can get in the u.s. with catch and release. this by the way last week is a shelter where 1300 migrants, mostly cubans escaped. they're detained, ones inside. these folks want a 20-day visa. they want to get inside to have a place to stay. one thing is for sure, the caravans have not slowed down at all, stu. stuart: and they won't. griff jenkins, thank you very
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much, sir. what a story. good stuff. what a story. stay on immigration for a moment. prosecutors in massachusetts suing, prosecutors, suing to keep i.c.e. agents out of courtrooms. this follows the massachusetts judge who was indicted for letting an illegal immigrant go from her courtroom. tom homan back with us, former i.c.e. acting director. can they do this? can a prosecutor say, hey, you're a government agent. you're with i.c.e. out of my courtroom? >> no, i don't think they can. i don't think they can supersede federal law. so we'll see what happens. it is going to end up in a court battle. it is ridiculous. this is personal. this is my policy, that i passed when i was i.c.e. director. we worked very closely with the chief judges of the state, the chief judges association to make sure we did the right thing. the policy clearly states we only enter into criminal courts. we're not going to family courts or traffic courts, we're going to criminal courts who.
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exact place we should arrest criminal aliens. for a state or local jurisdiction to say we'll not allow to you enforce your federal law is ridiculous. i've been in courthouses many times. i've seen fathers get arrested on sight not paying child support. you tell me a federal agent can't walk into criminal courthouse to arrest somebody violation of federal law committed another crime? put our officers at risk. these criminals are behind wire, been through metal detectors. safer for the officers. safer for the community. they won't let us in the scale or criminal courthouse. which will mean we'll have more agents in the neighborhoods. exactly what they cry about every day. stuart: tell me how this happened, tom. i first came to america, we're talking 40 odd years ago, everybody knew, you overstay your visa or you're here illegally, you got a problem. you will be hauled into court before a judge and you will be out. everybody knew the rules. why have things changed so dramatically, tell me? >> it changed under the trump
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administration. we arrested people in courthouse for decades. we've enforced immigration law for decades. there were no sanctuary cities for last 30 years i've been doing this job. this is about resisting this president. this is about taking this president out when it comes time my graduation enforcement. this is about open borders. these immigration advocates and aclu, democratic leadership, this is about open borders. you just interviewed, griffin interviewed a man from cameroon, sees weakness in the border, sees the parade, season open border, he knows an issue it is and taken advantage from cameroon. yet our democratic leadership in washington, d.c., they still do not agree. they think it is manufactured crisis. they do not want to address it. haven't offered one fix to the issue. it is not happening they act. we have people from all over the world. stuart: i admire the man from cameroon what a journey he has made. we just got to go. tom, thanks for joining us here.
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we'll see you real soon. what a story. what a mess. gee whiz tech, here we go, retailers using drones to track their inventory in those big warehouse, safer, easier, quicker than having a human doing it. we're talking to the company which makes it possible, drone inventory business. we're back in a moment. ♪
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stuart: your next guest is ceo of the pensa systems. this is a startup company. they use drones to take enjoiner to in those great big warehouses richard with us with pensa systems. you're a start-up. i take it you have sold your service to a big warehouse people, have you? >> hi, stuart. yeah we're working with a set of retailers and brand manufacturers now with our service, just beginning in market now, that's right. stuart: let me get this straight. you've got drones. they fly down the aisles of big warehouses. they're looking side to side, they can read what is in inventory? that's basically it? >> that is essentially right.
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we're using computer vision and artificial intelligence to power a small autonomous drone which actually stares at the inventory in retail, in retail stores, looks for stock-outs. stuart: it kills some jobs, doesn't it, but maybe creates other jobs in drone maintenance? >> it actually doesn't kill jobs. it turns out that it allows the people working in the retail locations to spend more time working with customers and less time staring at the products on the shelf. it is almost a trillion dollar problem for stock-outs at retail. stuart: tell me how much time you can save, in any given big warehouse, how much time do you save when you use drones? >> yeah. so it is a little bit less, about saving time and more about insuring that the products are
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actually on the shelf and available for sale. typically, one out of 8, one out of every 10 products are literally not there and available for purchase. so it is about maintaining the revenue rather than so much saving time. stuart: look, i'm terriblably sorry we're out of time, but richard, that is very interesting concept. i can see how it would be very useful for gigantic warehouses. richard schwartz, pensa systems, thanks for joining us soon. >> all right. take care. stuart: chase bank, they probably didn't think they were being controversial with a tongue-in-cheek tweet about being frugal. didn't take the left long to accuse chase of poor shaming. how about that? my take next. ♪
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stuart: you are not allowed to suggest that being thrifty is a virtue. you can't make suggestions on how to save money. who do you think you are? look at this tweet that chase bank sent out monday morning, an imaginary conversation between you and your bank account. how come my balance is low? suggestion, make coffee at home. eat the food that's already in your fridge. walk a few blocks, don't take a cab. just a few hints, tips, on saving money and growing your bank balance. what is wrong with that? incredibly, chase withdrew that monday morning motivation tweet as it's called. they were criticized for poor shaming. you shouldn't lecture people about their budgeting says the left wing mother jones. that is ridiculous. when your finances are tight, what's wrong with saving money
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on little things? chase wasn't criticizing anybody. they were just suggesting harmless, easy ways to keep some more money in your bank account. do you need to spend $5 at starbucks every day? do you need a bagel toasted for you? then presidential hopeful senator elizabeth warren, she jumped right into it, always ready to bash the banks. i will put her tweet on the screen. why aren't customers saving money? because the banks wiped out their jobs and homes in the crash, because employers don't pay living wages and wages are stagnant. pure political opportunism and factually wrong. she's way behind in the polls and seems to be grasping at any available straw to move to the left of even bernie sanders. there is a bottom line here, and it's worth repeating. there's nothing wrong with being thrifty. if you are stretched, rein in the spending. that's not poor shaming. it's just good advice, isn't it? the third hour of "varney & company" is about to begin.
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stuart: we were going to play you for the love of money by the o'jays. didn't come out right. it would have tied in nicely with this segment. we will bring in the man who produced the documentary on working hard for success. he's got a new movie out and it's called "the pursuit" and we have a clip of it. roll tape. >> anybody who tells you that is lying to you or doesn't understand capitalism. people bring selfishness and greed. you can't fix the human heart by getting rid of capitalism. but capitalism alone can't fix society either. morals have to come first. morals are based on a sense of social solidarity and that comes from a sense that we are, in fact, our brother's keeper. stuart: yeah.
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it's hard work. the man on the screen is with me now in person, arthur brooks, president of the american enterprise institute. okay. first of all, what is wrong with giving solid advice to people on how to save just a little bit of money? >> nothing's wrong with that. in truth, you don't even have to be thrifty because you are lacking money. you should be thrifty even if you are not lacking money. know what else? making your own coffee and walking to work makes you a happier person. i would recommend doing that, too. stuart: it greats advice, absolutely. what was poor shaming? >> it's just political opportuni opportunism. stuart: they withdrew the tweet. why? >> everybody is trying not to be controversial all the time. in american industry today we are so worried about accidentally getting on the wrong side of politicians or becoming a political football, they say we are just trying to give solid advice, trying to give people good advice in their lives and it became a big controversy. fine, fine, fine, they got out of it. i understand why they did that. in point of fact, that should not be controversial in america. stuart: right. in america today, i get the
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impression you are not allowed to give solid middle class virtues as advice. >> absolutely. you know what else? your life is better when you do a lot of things for yourself. why don't you make breakfast with your family, make coffee with your family, then walk to work, get some fresh air. what's wrong with that? that would you actually be a better way to live your life. stuart: am i going wrong here? it drives me up a wall. ashley: that's ridiculous, taking it to the extreme. there are some tips, think about it. i love making a cup of coffee at home, i walk to work. i do it every morning. >> the best life. stuart: hold on a second. deirdre, every day for the last 43 years, my life in television in america, every day, i bring in my own breakfast and i make my own coffee. i have saved at least $50,000 over 43 years. deirdre: smart. this is my best boston accent. even though senator warren is talking about chase and the
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bailout, chase had to buy at gunpoint their starts. to your point i think it's very difficult for these big brands. they want to reach millenials and look informal but then they get absolutely killed by sometimes what is the gutter. >> the political crisis was no fun for corporations. they want to stay away from politics. it's like cancer today. deirdre: it's a distraction from them running their business. >> also, once the politicians get -- deirdre: they put in thanks for the feedback. i think that was chase's last comment. stuart: while we have the principled conservative intellectual in the united states here, i want you to respond to bernie sanders, because this is back in 1986, he had this to say about castro's revolution in cuba. you can probably tell where we are going with this. roll it, anyway. >> i remember for some reason, being very excited when fidel castro made the revolution in cuba. i was a kid and i remember reading that. it just seemed right and
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appropriate that poor people were rising up against rich people. i remember again, very distinctly, a very distinct feeling -- stuart: comments? >> well, let's give, i will give bernie sanders the benefit of the doubt here. it may surprise you here. he was inspired by what castro was saying. why, because he wanted more opportunity for the people at the margins of society, wanted to alleviate poverty. great. i do, too. know what really inspired me because i'm a different enjaye generation than bernie sanders. the american enterprise system spreading around the world has been the greatest engine for the alleviation of poverty and destruction of dictatorship ever in the history of humanity. we have pulled two billion of my brothers and sisters out of poverty since i was a child. how. democratic capitalism. so just the same thing that inspired bernie sanders that day about cuba inspired me to actually get into the free enterprise movement and that's what brings me here to the stuart varney show.
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stuart: why is socialism making its ugly reappearance in the 2020 election? >> because we are not making the case for capitalism. the case for capitalism is not about taxes, not about money, not about commerce, not about business at all. it's about the alleviation of misery and the increases in opportunity around the world. that's the case for capitalism. stuart: it's about freedom. >> right. stuart: individual liberty and freedom. it's in our constitution, for heaven's sakes. >> the key thing, we have all been hearing that capitalism, free enterprise, makes rich people richer and poor people poorer. the truth is there's nothing that has been better for people at the periphery of society, for pulling people out of misery, in history, than capitalism, especially democratic capitalism. that is the argument. until we make that argument, we are going to keep losing that argument and you know who's going to pay? not the rich. not the middle class. it's going to be poor people in america and around the world and we cannot permit that, because we are our brother's keeper. stuart: right again, arthur. i will give you that one. right again, arthur brooks. >> that's why we made the movie. it's about how to make that case for people.
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stuart: "the pursuit" and i am going to watch it. great guy. thanks for joining us. much obliged. big news day today. i want to update what's happening in venezuela. opposition leader juan guaido has launched an effort to overthrow president maduro. he's the disputed president. clashes between forces on both sides have already taken place this morning. vice president pence, secretary of state pompeo, security adviser bolton, all of them tweeting support for guaido. maduro has responded with his own tweet. he says the military commanders have shown him total loyalty. let's see how this pans out. that's a live shot right now. that's what's going on in caracas, venezuela. action in the streets. we will keep you up to speed on it. let's get to capitol hill today. the democrats' medicare for all plan goes before a house panel. mostly seen as symbolic because the republican senate will stop it. even somehow democrats are turning a blind eye to it because of the sky-high price tag. we are watching it all for you.
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that's a promise. back to the big board. we have taken a trip to the southland. we are now at the low of the day, down 125 points. we are searching for the reason as to what's going on. we will sort it out for you. it's another big earnings day. we heard from alphabet, parent of google. ad revenue growth slowing because of increased competition. that's a real problem for the company. down 8.5%, $110 lower. by the way, google's youtube has announced it's partnering with major league baseball to stream live games exclusively, 13 games this season, distributed globally. exclusive distribution in america, canada and puerto rico. how about apple. they report after the closing bell of trading today, as they march up towards it they dropped back below $200 a share. keep it on fox business, 4:00, live updates on that one. two other dow components reporting as well. on your screen, mcdonald's and pfizer.
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mcdonald's hitting an all-time high earlier. it's backed off a little bit now. strong revenue gains from the last quarter and they say their big bacon promotion really helped them. pfizer profits up 9%. they say could have been higher. the winter was much milder than expected, lot of people didn't get the cold or flu. nonetheless, the stock is up 2.3%. how about this one for you. jetblue expanding overseas. they will fly from new york and boston to london. they are also adding facial recognition at more airports. that means you won't need a boarding pass. in a moment, we are joined by the jetblue ceo. he's live on set with me here in new york. now, president trump meeting with pelosi, schumer, other top democrats, discussing infrastructure. we are expecting headlines from that meeting. could be interesting. stay with us, please. you get it all on "varney & company." and here are the o'jays. ♪
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stuart: computer troubles for some big airlines yesterday. a glitch involving booking and check-in systems at american, alaska and jetblue. some travel delays. passengers couldn't get their boarding passes. that's a problem. the ticketing company behind the glitch apologized on twitter, fixed the problem by yesterday afternoon. okay. it's over. speaking of jetblue, look who we have with us. this man is robin hayes, jetblue's chief. he's with me here in new york today. welcome to the program. >> thank you very much for having me. great to be here. stuart: another british accent. >> a po i apologize for that. stuart: you are going to start flying new york and boston to london. i don't know why you're doing that. there's all kinds of competition on that route. >> there's not really that much competition. you think there's a lot of competition because you see a
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lot of different airlines flying. but most of the market's in the hands of three mega-alliances all of which have permission to collude on schedules and pricing which means fares are very high. an airline like jetblue, that's a great opportunity. stuart: you can come in and price compete? >> we are going to come in and you know, we don't believe you have to choose between great fares or great service. we want to provide both. that's what we're going to do. stuart: you are going to be competitive -- >> on business flights from new york or boston, it's ridiculous. it's price gouging. we will cut them significantly. stuart: you don't have business class or first class. weefrjts >> we do. we started in 2014. stuart: it's not like the real thing. >> it's better than the real thing. we have private suites with doors. we fly them between new york and boston, fort lauderdale to the west coast. people love it. fares, business class fares, first class fares to the east and west coast are about half now than they were before we
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came on. stuart: okay. i give in. you got me. you are rolling out a new fleet, the airbus, the a-320neo, what's special about it? >> the 321 neo has a new engine option. it's an engine that's going to be 20% more fuel efficient and is going to allow to fly people further. stuart: why do you only have airbus planes? what's wrong with boeing? >> nothing, boeing's a great company but -- stuart: is this your european heritage? >> way before my time. when jetblue was founded in 2000, there was a big bake-off between airbus and boeing. the leaders at the time went with airbus. they have been a great partner since. stuart: how come an englishman is ceo of an american airline, jetblue? >> the airline industry is an international airline and i think you find people with different nationalities everywhere. ashley: look at this program. >> we bring all sorts of people
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together and that's what makes us so happy. stuart: you are going to use facial recognition. i think you started it already. >> we have, yeah. stuart: so i front up at the gate, i don't have a boarding pass piece of paper. you just take a picture of me. that's got to be 100% accurate every single time. >> yes. we have been trying this several months now. the results are really promising. we obviously have a backup for matches that don't work or a customer prefers us to check the passport manually. success rates are great. it's allowing us to speed up flights and board them more quickly and it's more secure. stuart: i fly jetblue occasionally. >> we need to get you flying more, stuart. stuart: you saw that. a picture of me. >> the way it works today, on our international flights, we are -- when you come up, and we are taking your picture, that's going off to customs border and protection and their data base. if it's a match it comes back and tells us it's a match.
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we don't keep any records. it's all in -- stuart: okay. okay. i've got a picture of you. you are on a jetblue flight. there you are. you are picking up trash, cleaning the cabin, giving away free flights to passengers. you flew economy for heaven's sake, not up there in the front with the extra leg room. that was just pure p.r., wasn't it? the british accent, there you are, loud speaker. >> i think if we tried to do that as a p.r. stunt it would have gone horribly wrong. we all do that. that flight was going from washington to boston. we will often give away some tickets for fun. i don't know if you noticed, if you do fly jetblue hopefully more than occasionally, you will see people in the end hang on the airplane, put on blue gloves and help clean the airplane on the turn. all of our crew members do that. it's how we get the airplane turned quickly and on its way. stuart: do you realize what a commercial i just gave you?
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>> i want to come back. stuart: sir, it was a real pleasure. >> thank you. stuart: thank you very much. >> you will save a lot of money. stuart: i'm up for it. that was cool. ontario, canada, open for business and open for jobs. got a new budget and it cuts red tape 25%, includes tax relief for corporations. doesn't that sound like donald trump's playbook? yes, it is. coming up, the premier of ontario is with us today. how about that? first, the sexiest accent in the world. >> thank you very much. stuart: has been decided. no, no, it's not british. i do imitate this accent occasionally. the one that made top of the list, the sexiest accent. i will tell you what it is. you'll hear it in just a moment. the latest innovation from xfinity
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like never before store. the xfinity store is here. and it's simple, easy, awesome. stuart: i'm not entirely sure if we have viewers in new zealand. if we do, we would like to hear from you by phone with that sexy new zealand accent. deirdre, explain why i just said that. deirdre: travel site the big
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seven travel went around the world, polled people from 60 countries and apparently they win. apparently i feel like they may have let the sheep vote. there are seven sheep for every one person. the sheep put their little hooves in. stuart: new zealand is the sexiest accent? deirdre: know what it might be? it's friendly, "lord of the rings" was filmed there. ashley: the singers don't have accents. stuart: i've got grandchildren in new zealand. you can't understand a word they say. they don't open their mouth. that's new zealand. is that sexy? deirdre: this was very anglo-heavy. new zealand, south africa, irish, then italian and french mixed in the top ten. what i find very funny is new yorkers and people from wales tied for almost last place.
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stuart: good one. we've got your daily update on space. on your screens now, or shortly, a martian landslide. nasa released a photo from the planet taken by reconnaissance orbiter. the steep cliffs flank an active volcano. they are prone to landslides. nasa says this particular one shows blue bedrock. so it does. nasa is trying to head back to neptune soon. they have gone relatively untouched since the '80s when the voyager 2 took their first photos. thanks to advances in technology, nasa's going back. they are going to revisit and study their atmospheres this time. to the moon. china's planning on building a lunar research station on the south side. they want to do it within ten years. if you remember, china landed an unmanned craft on the far side of the moon. they have two of their own temporary stations up there already. they are going to the moon.
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in fact, they are already there. big meeting in new york yesterday. democrat presidential candidate mayor pete buttigieg having lunch with al sharpton. why do all the democrats have to consult with al sharpton? we will deal with that next. right now, president trump's meeting with speaker pelosi, senator schumer, other top democrats, to discuss an infrastructure plan. we are waiting for headlines. anything comes out of it, you will get it real fast. we'll be back. you wouldn't accept an incomplete job
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stuart: few minutes ago, the dow was down 130 points. why? well, mick mulvaney said the china trade deal will be resolved one way or the other in a couple of weeks. the market took that as a negative, went down 130. now we're back down 60, exactly half the dow is up, half the dow 30 are down. look at apple, please. their earnings come out at 4:00 eastern this afternoon. they are down about over 2% now. that is responsible for part of the slide in the dow, because apple is a dow stock.
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more proof that president trump's jobs, jobs, jobs mentality is making real waves. our friends to the north, ontario, canada, taking it seems like a page out of the trump playbook. the premier doug ford is with us. sir, welcome to the show. >> thanks for having me on. stuart: what's the correct form of address? mr. premier? >> call me doug. stuart: okay. so you say you are open for business, you are cutting red tape, you are cutting taxes on business. that's trumpian. >> well, i don't know, we were in politics well before the president was. stuart: he's taking a leaf out of your book. >> i don't know about that. i will tell you, we are really focusing on telling the world that ontario is open for business, open for jobs. we are cutting regulations, cutting all the red tape, lowering taxes, putting money back into the people's pocket. because stuart, i always say when companies thrive, when you put pro-job legislation, pro-business legislation, when companies thrive, people thrive, communities thrive. stuart: now, in america, look,
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my judgment is that it worked. >> it does work. stuart: tax cutting for businesses, cutting red tape gave us an extraordinary growth rate here. >> yes. stuart: have you got any evidence that it's beginning to work in ontario? >> well, we have been in office for a little over nine months, and i always say government doesn't create jobs. if government creates jobs, we are all in trouble. we create the environment for companies to thrive and prosper and grow. that's what we have done in ontario since we have taken office. we have created the environment for 123,000 new private sector jobs. actually, we have so many jobs right now in ontario we don't have enough people to fill the jobs. so if you know of any good people on fox, come on up to toronto, ontario. we will put you to work. stuart: what are you going to do about mr. trudeau? he doesn't see politics your way at all. >> no. he doesn't. he believes in high taxes, he's put this burden on the backs of every single individual in canada along with businesses by
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this carbon tax. it's just a tax with the word carbon in front of it. it absolutely taxes everything and does nothing for the environment, absolutely nothing for the environment. stuart: am i right in saying that the government in neighboring alberta changed hands because of that carbon tax and people in alberta didn't like it? >> you know, every election provincially which is similar to the state, right across this country, prince edward island just went conservative. new brunswick went conservative. quebec, ontario, manitoba, sasquatchewan. so people are fed up. people are fed up with the government is constantly gouging people. every time you stick your hand in your pocket, you have the government's hand in your pocket. what we are doing, we are pulling the government's hand out of the pocket, unleashing businesses to thrive and prosper. we are going to put more money into those pockets. stuart: when we did that in america, the reaction was intense. you can't do that, you are
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cutting taxes, you are just giving it away to the rich, giving it away to the corporations. you are making things unsafe by cutting red tape. what was the reaction in ontario? >> well, people are happy. we have to find efficiencies. we were left, we inherited a $15 billion deficit. we have the largest -- stuart: in one state? >> one state, a deficit. not mentioning the debt. we inherited the largest subsovereign debt in the entire world, $347 billion. the previous government, they were spending like a bunch of drunken sailors. i apologize to any drunken sailors. at least they spend their own money. they would constantly spend, spend, tax, tax, tax. we're done with that. stuart: your answer to a huge deficit was grow the economy with tax cuts, as opposed to tax more to close the deficits. >> absolutely. but also, find efficiencies within the government. there is so much waste in government here, in canada, no matter where you look. government just loves wasting
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money. well, we found efficiencies. during the election i said i would find 4% on every dollar. we ended up finding 8% on every single dollar. that's just the beginning. stuart: you are off and running. doug ford, premier of ontario, great state, thanks for joining us. >> thank you. let's get fox up to canada. stuart: oh, yeah. thank you, sir. >> thank you. stuart: varney in canada. might work. thank you very much, sir. on your screens now, democrat presidential candidate pete buttigieg in harlem yesterday meeting with the reverend al sharpton. they had lunch at the soul food spot there. lawrence jones is with me now, fox news contributor. why do democrats always seem to go to al sharpton for either recognition or support? why do they always do this? >> i think there's historical information there for what he did in early part of his career in the civil rights movement but i think in modern times, a lot of black folks don't want to be associated with al sharpton. a lot of black folks with him and reverend jackson don't want
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him in the city because they have been portrayed as people that have a financial interest in it. al sharpton has a show on msnbc. you know, he has a national action network. a lot of these candidates are doing it because the historical moment there. i don't think that's going to be a way for them to garner black votes. you have to actually go to the communities -- stuart: that's the point, isn't it. do you actually win the votes of african americans because you had lunch with al sharpton? >> no, you don't. stuart: doesn't work that way. >> as you saw, all the cameras there, it's a photo op. that's all you're doing. look, i think that both parties have done a poor job in actually attracting black voters, because they don't go into the community. you have the democrats that go and pander but don't deliver, then you have the republicans with all the policy ideas but they don't go into the communities to sell their idea. stuart: if they did, if the republican, a trump supporter went into the minority community, they would be shouted down.
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they would be thrown out. >> no, they wouldn't. i think the republican party has a messaging issue. right? the ideas are great. they work well. but when you go into the community and say things that are sometimes insulting to the community, of course they are not going to listen to you. i think what republicans could do well, go into the community and listen for a second. right? there was something brilliant donald trump did in the oval office with kanye. he invited him in and just listened. there is nobody ever that has ran on the republican ticket that has been as culturally aware as donald trump. but for some reason, the president, once he got elected to the white house, i don't know if it's his advisers or what, but he did his typical rallies. he knows the black community. he knows the issues that matter to them. all he has to do is go to the community and talk to them and i think he could get the vote. but if you don't go and ask a person for the vote, how do you expect them to vote for you? stuart: fair point. fair point. what's that nike swoosh on your head there? >> that would be a part, my
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friend. a nice crisp edge up. stuart: lawrence, i do believe you're all right. come back soon. >> always entertaining. stuart: always. thanks very much. bro. let's get back to your money. first off, spotify, solid earnings. they cracked 100 million paid subscribers, a milestone. they cracked it before apple did it. deirdre, you dug deeper. not everything is golden for spotify. deirdre: not everything is golden. even with 100 million users they are not making money even though that is double what apple has. so apple has about 50 million paying subscribers through apple music. as we can note, of course, more competition coming online for spotify so google and amazon are now actually offering free versions of their music. so it just seems as if spotify is going to have even tougher sledding ahead, not that it
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wasn't tough enough. but the founder says we can keep growing at 30% per year. there are many people in the investment community who say the stock may be worth owning because at some point it could be purchased. the company could be purchased. the stock is down two points. stuart: i have interesting news from jaguar land rover. they are testing some new software that will let their drivers earn crypto currency coins. ashley: oh, boy. stuart: how does that work? you have to share your car's information first, including how long you sit in traffic for and the condition of the roads you're driving on. the company says it's an initiative to cut down on accidents and emissions. no word yet on a rollout date. ashley: they want your information. of course they do. stuart: another hit to ride sharers, uber and lyft. thanks to new york city's new oversaturation laws, which penalize the companies if drivers make less than 17 bucks an hour in rides, they are freezing all hiring in the city. no more new drivers. the number of drivers is just too high for the normal demand.
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uber and lyft don't want to pay up. so no new drivers, lyft or uber, new york city. joe biden weighing in on the stock market. he says the middle class hasn't benefited from trump's tax cuts yet. not at all, he says. a trump 2020 advisory board member takes on biden in just a moment. l.a. is jumping on the band wagon, now following in the footsteps of new york's bill de blasio. that city unveiling its own green new deal. we'll have details for you, if you really want them, after this. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done.
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stuart: you're looking at an extremely tense situation and a violent situation on the streets of caracas, venezuela. earlier this morning, the person that we support, juan guaido, as the new leader of venezuela, he was surrounded by armed soldiers on his side calling for a military revolt in venezuela. what you're looking at now is the result of that statement. that's an armored car in the streets being pelted with gasoline bombs and the crowd is having a go at it. look at that. they are throwing stuff at -- those are the forces of maduro in the armored car. those are the people who
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presumably support juan guaido opposing them in the streets. it's violent. venezuela watcher james carafano is with us, national security guy. james, neither side can back down here. this is end game, isn't it? >> i think so. i think this is the scenario that we were not hoping for. we were hoping there would be pressure, the maduro regime would leave. they showed no willingness to do that. we were at least hoping the pressure would have them not crack down on guaido. apparently as i understand it, they were going to arrest him tomorrow, so essentially his hand was forced. so it was either push to bring the maduro regime down now, or having the legitimate government and the opposition crushed. i don't think this is the plan -- stuart: i would have to believe that we, america, certainly our cia, knew about this in advance.
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i guess we probably gave the okay to juan guaido and we probably reiterated our warning don't shoot him in the street or else you will have trouble. i'm speculating wildly here but there's got to be something going on in the background. >> i think if we thought -- if we knew that the government was going to arrest guaido we would have actually come out and made a big deal about that. i suspect this all happened very, very quickly. i actually think that we were surprised by this and -- but here's where i give the administration a lot of credit. they did not blink. the second guaido said i am standing up for freedom, the american government was crystal clear in their support for his actions. we should be really clear on this. this is not a coup, because according to the constitution, guaido is the legitimate leader of the country. essentially, what he is doing is trying to liberate the country from an illegitimate regime. stuart: it seems like neither
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side can back down. if maduro backs down, he's out. if guaido backs down, he's out. he hasn't got much chance of recovery. this is a clash where we don't know the ending but there will be an ending and one of these two sides is going to win. >> i think that's right. i think this is end game. you see the government move aggressively to shut down social media. some reports are the chinese are actually in there helping them showing how to shut down social media. i think this is the final struggle. i think it's an internal struggle between the venezuelans and i think we will have a clear-cut -- i mean, people could go into the jungle and fight but i think we will have a clear-cut victory, either the regime will crack down and throw everybody in prison, or the regime will be heading for the border tomorrow. i think it will all transpire fairly quickly. stuart: what do you think our people, our intelligence agencies, are saying? way under the radar, very quietly, what do you think they're saying to maduro?
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>> well, i don't think we have to go into the radar. we have been very clear to maduro from the beginning that he needed to leave the country. the united states was very willing to facilitate that. they were willing to let him and his supporters leave. they were willing to let him leave with part of their assets. the administration has been pretty clear on offering an off-ramp to maduro. the problem now is that it may be more difficult for them to do that, because if they attack their own people, they could all wind up in jail and on trial for this. i do think this is, you know, not to do a "game of thrones" thing here but this is the battle for the iron throne here. stuart: hold on for one second. something late -- ashley: we are having countries weighing in, making statements. turkey saying they are concerned of attempts against constitutional order in venezuela. clearly on maduro's side. guess what the russians are saying? as you can probably imagine, they are accusing the opposition
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in venezuela of trying to whip up conflict, provoke public disorder and trying to draw armed forces into clashes. that's the other side of the equation. as we have been saying all morning, the u.s. has been supportive of the effort to win democracy and to have the legitimate person in charge of venezuela take his rightful place. so the divide among all the countries is clear. stuart: james, as ashley just reported there, the divide between countries is clear. china, russia, turkey, iran, cuba all lining up with the maduro forces. do you think this thing could escalate? >> well, no surprise there. the sides were pretty clearly divided and also, no surprise that every kind of -- everybody kind of jumped in cheering for the guy in their corner. i think all along, we have believed that if this became a struggle, it would be an internal struggle and there wouldn't be a major effort from outside forces to intervene.
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i still think that's true. stuart: let me tell our viewers what's on the screen at the moment. what we're looking at is the view of caracas, the capital of venezuela. thousands of people are in the streets. they appear to be marching, i don't know in which direction, where the center of town is, but they are marching by the thousands. they are being opposed by maduro, the sitting president, his forces. we have seen armored cars confronting the demonstrators, firing water cannon at them, and they have responded, demonstrators have responded with gasoline bombs. what have you got, ash? ashley: mr. guaido's ambassador to the united states just held a press conference in washington, d.c. where he said this is only the beginning, he said. he says this is an operation that is developing right now. you will see more events in the hours and days to come. stuart: okay. so that means that -- ashley: this is not a military coup, he says. it is a constitutional crisis led by the venezuelan people. stuart: nobody is backing down. any comment, james?
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>> i think it's really interesting that they call it an operation. it does lead me to suggest that even though the timing on this may have been precipitated by the regime's impending arrest of guaido, that maybe there was a plan in place and there's a plan being executed. i don't know if we have enough evidence -- stuart: i'm interrupting you for a second because on the screen, we see the demonstrators really running down the street and it looks like the armored cars are backing away a little. the armored cars, that's maduro's armored cars, have not stopped this enormous street demonstration. the demonstrators keep on coming. i do believe that the armored cars have backed off a little bit. that would be on the extreme left-hand side of your screen. the camera is now moving towards another part of caracas where the demonstrators just keep on coming. i see clouds of smoke. that may be real smoke, it may also be -- ashley: tear gas.
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stuart: probably tear gas. water cannon and tear gas have not stopped the flow of demonstrators. james, this is really heating up right there in the middle of caracas. >> i think you were right when you said this is kind of end game. really, it does depend on which way the military flips. the military has the preponderance of power in the country and whether they choose to side with the people or the regime, i think is the difference. we could see i think within 24 hours, we could see two very, very different outcomes. we could see something like we saw in eastern europe where you literally saw governments fall overnight and people start to flee, or you could see something like we saw in '56 or '68 with the prague spring and see the military really crack down. stuart: dramatic indeed. james, i will segue to otto reich. he's on the phone right now. which way will the military go?
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if they oppose maduro, he's finished. if they go with maduro, they can hang on a bit longer. what's your judgment? >> well, that is correct. unfortunately, when dealing with a military regime, which venezuela has had now for many years, the armed forces hold the key. there's a lot of disenchantment within the armed forces, particularly in the lower ranks, including a lot of officers, and we will see whether that disenchantment turns into actions against the maduro government itself. maduro regime. it's no longer a government. stuart: do you think we are in the process of reaching an end game here? it doesn't look like the demonstrators are going away. that's the way it looks to me at this moment. they are still out in force, thousands of them in the streets. it looks like some of the armored cars from the maduro force are backing off. is this imminent end game?
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>> it is very possible. unfortunately, the situation doesn't mean that it's going to turn out to be the same way but it reminds me a lot of the events of april 2002, when a million and a half people went out in the streets of caracas day after day, until they finally moved on the presidential palace and they forced chavez to resign. chavez gave an illegal order, ordering the military to fire on the people, and the military refused to do it and told chavez that he had to resign because he had issued such an illegal order. now, the military has changed a lot since then. they have come under pro-cuban political commissars who told them the venezuelans, they cannot surrender or they will be killed. so the situation is different. stuart: if the maduro forces were to fire on their own people
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in the streets, and there was death and bloodshed, if that were to happen, what would america do, do you think? >> unfortunately, there is also an historical precedent for that. in 2014, the maduro forces fired on demonstrators, there were demonstrations that lasted two months, there were about 150 demonstrators killed including mostly young people, students, in the streets and at that time, it was the obama administration. the obama administration frankly did nothing, said a lot of very nice things in support of freedom and democracy, but the united states did not intervene on behalf of people fighting for their freedom. i think the situation is different today in the united states. stuart: i have to press the point, does it look to you, mr. ambassador, that an end game is very, very close? >> i have to say that an end game has looked close for a long time in venezuela, because of
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the constant deterioration of the body politic, the economy, the society. when you have -- when you have 10% of the population literally walking out of the country, as what happened in venezuela in the last three or four years, 10%, about three and a half million people have walked out of venezuela, turning their back on this socialist disaster that has been created by -- first by hugo chavez, now by nicholas maduro, we should have had an end game by now.he difference he by the intervention of the totalitarian allies of maduro. cuba, russia, china, they have been providing military and economic assistance. i think it's time for the west to just say enough is enough. we want freedom for the people of venezuela. we will not stand for the
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occupation of venezuela by ex-continental powers such as russia and the chinese or cubans. stuart: mr. ambassador, thank you very much for joining us on very short notice. we do appreciate it, mr. ambassador. thank you very much indeed. to bring our viewers up to speed on what's going on here, rapid developments in venezuela. early this morning, the leader juan guaido surrounded by armed soldiers, put out a video and said it's time for the venezuelan military to revolt, and change the government there. eric farnsworth is with us, vice president of the council of the americas. mr. farnsworth, we have had judgments this morning from people who know the situation there suggesting that end game is pretty close, and that america maybe will be forcing the action here. what say you? >> well, the end game could be close. we don't know. it's certainly trending in that direction. i think the key continues to be venezuela's security forces.
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some have clearly gone to the side of guaido, but i think the broader majority are keeping their powder dry. my anticipation is that they will want to see whether this effort will succeed before they fully throw their support behind guaido. so it's kind of a wait and see approach, but this is the most serious challenge to maduro we have seen yet. stuart: do you think we have put the word out within venezuela that hey, you generals, if you want to come over to us, come over to us but if you don't, you're in deep trouble? have we put that word out? >> that word has been put out for months, very clearly, and at the most senior levels not just of the united states government but others as well. so that message has been sent. whether it's been received is another question. i think hopefully it has been. stuart: james carafano, i want to come back to you for a second. i take it that the generals in venezuela are listening to this and they must be in a very difficult position at this point. >> i think that is absolutely right. you heard all the contacts there, on the one hand, you have
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cuban advisors in the country looking over their shoulder, reporting on them, watching them. talking to the regime. you have russian influence in there. the chinese influence in there. that is a thin veneer on top. they have to decide, their women, their children, their families, their houses is at stake. that is always the way it is when you have these incidents, you rip the ban aid off. is there a scab or does the blood start to flow? guaido essentially crossed the line. the maduro regime felt confident enough to arrest him, take him down, end this once and for all. i think that overstep forced guaido to ability. i do think the point of both side now have committed. we'll see which side the generals will fall with. stuart: eric, back to you for a last word here. we're told the regime, the
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maduro regime was going to arrest guaido tomorrow. he preemptively step up and called for a military revolt s that what happened as you see it. >> that is one possibility. guaido was calling for massive nationwide protests on may 1st. there was no way the maduro regime would allow that to occur unchallenged. whether or not they will arrest guaido at this point but certainly the effort is an effort to preempt what guaido might have done. stuart: i want to thank james and eric for coming on the program on very short notice to comment what is going on in venezuela. thank you very much indeed. to reiterate. you have real developments in venezuela. there is live action on the streets. there is tear gas. there is burning tires. there are huge demonstrations. moments ago we saw ma duro's
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armored cargoing at demonstrates. pulling back when they were hit with petrol bombs, stones and rocks. there is real violence on the streets of caracas venezuela, as we speak. neil, it is yours. neil: stuart, thank you very, very much we have violent uprising, some are calling it a coup although certainly constitutional appropriated one. the fellow we recognize as the newly legitimate elected president of that country, juan guaido has called on the venezuelan people to rise up, give substantial support for a rally against nicolas maduro. here is the situation. maduro isn't going anywhere. the people, namely the top military generals who support him are not going anywhere. herein lies the rub. if they stick with him,
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