one of the accomplishments listed, my parents don't pay my rent. the calendar is available for about $16 on amazon. yes. i totally lived with my parents and paid off my student loans. maria: i love stickers. thank you, cheryl. thank you, dagen. great to see you. have a great day. let's get straight to stuart varney and "varney & company." staurt, ta stuart, take it away. stuart: good morning, maria. good morning, everyone. watch venezuela today. end game for the maduro regime could be very close. the secret police has parted ways with maduro. he says it's time to rebuild the country. the man we recognize as president, juan guaido, has called for mass demonstrations and they will start hours from now. mike pompeo told fox that maduro was about to leave for havana but the russians got to him and told him to stay. president trump has threatened to impose drastic sanctions on cuba if they don't remove their

military. their armed agents are propping up the regime. there is a real chance here that if there's regime change in venezuela, the leftists of cuba and nicaragua will see real change, too. watch it today. we're on it for you. money, all about apple. even though iphone sales dropped 17%, the stock is still surging this morning. look at it go, nearly 5% higher. $210 is the price. when it opens this morning, it's on track to regain its trillion dollar valuation. that of course is helping the dow industrials. apple is a dow stock. we are going up at the opening bell. the dow is up maybe 70 points. look at that nasdaq, up 47 points. that's a full half of one percent. nice gain. stay there, please. moments from now, john bolton, national security adviser, will be with us. is this end game in venezuela? good question. he will answer it. "varney & company" is about to

begin. stuart: venezuela is the news of the day. let's get at it. eric farnsworth is with us. he's with the council of the americas. are we on the verge of major foreign policy success in venezuela? end game. is it real close, eric? >> hey, stuart. thanks for having me on. you know, it could be very close. it could be as close as today. you saw the protests yesterday, many military folks rising up against the maduro regime yesterday. now out to the streets, the interim government of juan guaido has called the population of venezuela to further protest, further put the regime back on its heels. will that be enough to get the maduro regime out of office? we'll have to see. that will still depend on the military and if they decide to change their loyalties to guaido. stuart: it sure sounded like it was close. mike pompeo told fox late yesterday that maduro had agreed

to leave, go to havana, flee the capital, caracas. if he was that close to leaving and the russians stepped in, it's really close for him getting out of town, isn't it? >> well, i think that's exactly right. it's really ironic, too, because all these people who are screaming about u.s. intervention which hasn't even taken place but now the russians are telling maduro what to do or what not to do, that seems like intervention to me. there's a lot of talking out of both sides of their mouths here. look, if he was truly ready to get on an airplane and leave for havana, that is close to end game but now that that's been revealed he's probably thinking he has to ride this out. it's still a very delicate situation on the ground in venezuela. stuart: maybe i'm going too far but i'm suggesting if there is regime change in venezuela, the leftists in nicaragua and especially the leftists in cuba look real bad. we got a shot here at running the table in latin america, our

relationship with that country. am i going too far? >> the administration has clearly linked the three together, calling it the troika. they have been strong patrons of nicaragua for at least that period of time, during the rule of ortega in the 1980s and now the current period, but you know, they are also three individual countries so they all have individual circumstances. it will be nonetheless a huge black eye for the cuban-inspired movement across the region if indeed venezuela returns to the democrat democratic path. stuart: i don't want to stray too far from venezuela because that is the news of the day but i'm intrigued by this headline in the "financial times." i will read it to you. iranian economy collapses under the weight of white house sanction. collapse is a strong word and

the "ft" is using it. is this another example of america being on the cusp of a serious foreign policy win? >> it could be. economic collapse does tend to have real humanitarian consequences, so we have to be aware of that. clearly venezuela's a case in that and iran is as well. these are complicated situations. the economy is only one dimension but clearly, it's headed in the right direction. stuart: we are rolling here. eric farnsworth, thanks for joining us. always appreciated. thank you very much. i've just received the latest read on the jobs market. 275,000 new jobs. that's huge. ashley: much better than the anticipated 171. biggest growth since going back to last july. service added 223,000 led by a gain of 59,000 jobs in the professional business services. we know the job market is very tight. we know there are more openings than there are people looking. this is a reflection of that very, very impressive number.

susan: on average, we are on pace of 108,000 job adds -- stuart: 180. susan: 180,000 so far this year. this is a better indication of the jobs market, since it's private companies, not just government, hiring. stuart: that's a strong number. 275,000. barron's senior editor jack hough is with me. i'm saying 275,000 new private sector jobs is a very strong number. you say? >> on its own, it would be strong. when you combine it with all the other evidence, it looks really good. gdp was decent and -- stuart: 3.2% first quarter. i would say that's pretty good. >> and this corporate earnings recession, we thought we might get the start of an earnings recession this quarter. we weren't sure how big the upside surprises would be. they are pretty big. it looks like we might avert that recession. more growth to come for this economy. stuart: now show me apple, bearing in mind that's apple stock premarket today, bear in

mind iphone sales were down 17%, profits down, revenue down. they gave a rosy forecast. look, the stock is up ten bucks this morning. what do you say about that? >> we got bullish on apple several years ago on barron's at about $70 split adjusted. no one liked it, everyone thought their growth was done. we said here come bigger handsets at the time, later we said here come the services. it was at a deep discount. now it's at a market multiple. to still like apple here, you have to believe not only that it can trade in line with the stock market relative to earnings but that it deserves a premium price. i think the case is getting a little harder to make on apple stock from here, but the world has come around to this view that services are so important. stuart: now, susan, you spoke to apple's chief financial officer yesterday. after the results came out. what did he tell you? susan: basically, it's a cash stock at this point because they are returning $75 billion in stock buy-backs to shareholders, and also increasing the dividend by 5%. that's why the stock grows and they still have $113 billion on

the books, which he says they will continue to reduce to zero. can you imagine the giveaway, the cash giveaway back to investors? that should boost the stock price. that's why you're seeing 30% gains so far this year. stuart: a stock buy-back of significant proportions. you're right, i think that's why the stock is up ten bucks this morning. let's turn to facebook. i want to hear about their redesign. it's on the screen now. this is what it's going to look like in the future. not now, but in the future. they are going to make it easier for users to find groups of people. big changes, jack. is that a significant change, or is it just cosmetic? >> i mean, every analyst on the street says privacy is critical to facebook regaining trust. i'm not sure that's accurate based on what's going on in the user numbers. i look at the earnings report, people are going nowhere. people are complaining about privacy, saying i'm outraged at facebook, i hate facebook. they are still going to facebook to talk to all their friends, the business is booming. they should do some things to

get a better reputation, to improve how they handle data, to do things so people's messages don't stay around forever. they are doing things on those fronts, they are changing the business but i think this stock has a lot more upside. this is growing like a young company. stuart: you think this stock has a lot more upside? >> i do, because this is not growing like the gigantic company it is. when you look at the top line growth, this is growing like a youngster and it's only a slight premium to the broad market. i think facebook is still a good deal here. stuart: can you show me again on the screen, where is facebook premarket today? not the close yesterday. where is it premarket today? can you show me? $194. >> i call this the new tobacco stock, by the way. we are all going to talk about how disgusting they are and how much we hate them and their stock is going to continue to go up. stuart: that's true. >> it won't give you cancer as far as i know. stuart: thank you, jack. let's talk about cvs right now.

strong sales of brand name drugs give their profits a very nice boost and they gave a rosy forecast as well. cvs is up nearly 5% this morning, $56 a share. better sales, higher sales at the parent company, yum brands, parents of kfc, taco bell, pizza hut. the stock down 2.25%. we will get into that for you. how about futures. this is the overall market. we are going up 60 odd points for the dow but most of that is because of apple. s&p up about seven, nasdaq up 48. very nice gain there across the board. we are up. now this. florida senator rick scott calling for military intervention in venezuela. he says we're not being aggressive enough. he joins us later this hour. attorney general william barr will testify before a senate committee in less than an hour. this is all about the mueller report. any fireworks, you'll see them right here. congressional democrats relying on emotion as they hold their first hearing on medicare

for all. i want know what the republicans' health care plan is. also coming up, john bolton. "varney & company" just getting started. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills?

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stuart: okay. the money, more money -- there you go. hilton worldwide, more money coming over the transom. that translates to a higher stock price, up 3% for hilton this morning. how about humana, health care company. they've got a nice rosy outlook. they are up 1%, $258 right there. now this. the border patrol caught a large group, very large group of illegals overnight, caught them in new mexico crossing the border. how many? susan: 424 illegal aliens in part of new mexico. in another part, antelope wells, 230 illegal aliens. yes, as you see there, the largest group apprehended by border patrol agents and as i

mentioned to you, those numbers you see on the screen, 53,000 families, that's a record that were apprehended in the month of march. people say including president trump, there is a crisis at the border and what do you do about it. they have been trying to i guess lobby to change the asylum laws and the immigration laws, build that wall, but there is reportedly a super caravan on its way as well. stuart: the border crisis continues and these two large groups walked across and immediately claimed asylum, bingo, you're in. ashley: that's the way the system works. stuart: if you've got children with you, you have to release them in 20 days. they're out. susan: most of these crossings, these illegal aliens were juveniles and also part of a family group. stuart: thank you. good stuff. democrats and republicans faced off in the first medicare for all hearing on capitol hill. roll that tape, please. >> not to advance forward to adopt a medicare for all system

is to deny i think the common humanity of our fellow citizens. >> this bill is a socialist proposal that threatens freedom of choice and would allow washington to impose one size fits all plans on the american people. stuart: i think you could say there's a difference of opinion right there. come on in, congressman rob woodall, republican from georgia. i was watching some of this and the democrats relied heavily on emotion to sell medicare for all. okay. put that aside for a second. what's the gop plan for health care? >> well, to be fair, stuart, we don't have a plan to take insurance away from 140 million americans. we do have a plan to shore up the existing social security and medicare system which the democrats don't have. that was the real disappointment yesterday. stuart: so what's your plan? what's your plan? you want to shore up the social security and medicare system. what's the plan? how do you do it? >> you have seen the premium

support system that we rolled out the year i got to congress, and we have been pushing forward on every single year. we have stood by our proposal that said if you paid into medicare your entire life, you should be able to count on it. the democrats have proposed no solutions to the current medicare problems and now they're proposing to dump millions and millions of people into the system who have never paid for it. all of those caravan participants you just talked about, those folks would all be entitled to free health care for life under the democratic proposal. that's not what america's asking for. stuart: so medicare is running out of money as we speak. they will soon be -- i think pretty soon, they are actually in a deficit situation. your republican party, you have a plan to fix that, right? >> that's absolutely true. paul ryan led us on that. that was a hard thing to do. you remember the commercials, paul pushing granny off the cliff. solutions are hard, stuart.

that's what was so disappointing about yesterday. we could have been working together on solutions, but instead, folks were putting together campaign talking points for 2020. stuart: now, the congressional budget office, i believe today, will come out with how much medicare for all is going to cost. it's going to be trillions, isn't it? >> in fairness, when the budget committee chairman asked for that score, he specifically did not ask how much it would cost because he knew that number would be frightening to the american people. he asked a number of other financing questions, we will get those back this afternoon, but we had a medicare actuary in yesterday in testimony. his low end estimate was $10,000 per man, woman and child in this country. highering that estimate closer to $15,000. stuart: the democrats want to force a vote on the paris climate accord. they want to get back in. are they going to get that vote? >> you know, on the house side,

nancy pelosi can do whatever she wants. i suspect they will get that vote here. but if you want to ratify a treaty you don't need to be in the u.s. house. you need to be in the u.s. senate. they are not even trying to get the vote there. yet again, this is a 2020 talking point, not an effort at real change. candidly, we have a lot to be proud of in terms of carbon emission reduction here in america over the last 15 years. we should be celebrating that and improving upon that. stuart: congressman bob woodall, thank you very much for joining us. we appreciate it. see you soon. check out futures. where are we going? we are opening that market up in about 11 minutes' time. we will be up 70 points, about that for the futures for the dow. and 47 points, nice gain on the nasdaq. then we have uber. expected to go public next week. some early investors will be very big winners. we will tell you how much those early investors are going to be worth now. and we will be joined by national security adviser john bolton. i want to know what we're going

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stuart: well, it's mayday. it's may the 1st.

it's a socialist holiday worldwide. what you are looking at is paris midafternoon. the protest there is under way. looks peaceful so far, although i did see some violence earlier on this morning. the big deal is venezuela. it's mayday in venezuela as well. we are monitoring the mass demonstrations which will be taking place in caracas later on today. yes, it is mayday today. the video streaming service hulu says it has 28 million subscribers. disney is the majority owner of hulu. hulu is launching two new tv series based on disney's marvel characters, ghost rider hellstorm. disney stock, $137 a share this morning. not sure if that's a new high but it's way up there. now this. some early investors in uber, they are in for a big payday when it goes public next week. susan li, the numbers. susan: how would you like to make 300,000% back on your return? stuart: i would like it. susan: let's show you some of the early investors, what their

potential payday might be when they get to unload those shares. we have benchmark investing $30 million in what we call series a, series b. those early rounds of funding. now 7.9 billion, second largest shareholder behind masa son and softbank. look at that, menlo ventures, $67 million now worth $3 billion. can you believe this? first round capital, 173,000% back. that's nice. stuart: i would increase my investment in microsoft today. astronomical numbers. good story. thank you. check the futures market. we are opening the market in four and a half minutes. we will be up 50 on the dow, 40 on the nasdaq. we will take you to wall street after this. the ai i need? it's gotta scale across my business.

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stuart: all right. julian assange sentenced in a british court for jumping bail. what's he get? ashley: he got 50 weeks. that's just two weeks shy of a year. this is a guy as we know, jumped into the ecuadorian embassy to avoid extradition to sweden and stayed there for seven years, until eventually the ecuadorians said enough's enough, kicked him out. the brits arrested him and

that's where we are today. i mean, who's going to play him in the movie. that's the only question. stuart: they won't give him time served in the ecuadorian embassy. ashley: exactly. stuart: all right. you got five seconds to go. we open this market this wednesday morning. we are going to go up. i don't know how much, but we are going to go up. here we go. we're off, we're running at 9:30 eastern time. we are up 46, we are up 42. a lot of the dow 30 have not yet opened. when they do, we will get a better reading. right now we are up about 50 points for the dow jones industrial average. marginal gain. up 50. there you go. the s&p 500 is up about six points. that's a nice gain. .19%. the nasdaq of course, this will be affected by apple, which is sharply higher. that's up 38 points. that is nearly a half percentage point. big day. joining us now, mike murphy, shah gilani, susan li and ashley webster. i'm starting with apple. iphone sales took a hit, down

17%, but look at it go. the stock is up, what, 4.5%, nearly 5%. murphy, i know why. that's because of stock buy-backs and dividends, as susan li told us earlier. what have you got to add? >> that's a big part of it. definitely apple has been buying back stock for a number of years. really, a lot of it has to do with tim cook and the way he spoke on the call. he spoke about china and how things look like they had bottomed out there. if you look at the analyst notes this morning, a lot of them are raising their price targets. a lot of them are talking about bottoming in the iphone sales process. they are talking about bottoming in china, and they are talking about the services business improving. so it's a good story. we own the stock. i will keep owning the stock. if you are watching at home and you don't own it, don't jump in. stuart: don't jump in. susan: it will become a trillion dollar company once again. the ceo does talk about a recovery in china, better than 2018, march was the best month

out of the quarter. they have been right-sizing the price they are charging in china. for an emerging developing country, four figure sums for an iphone might be too much. they are trying to change it for currency and also trade-ins and financing. stuart: apple is worth a trillion at 212. susan: correct. stuart: facebook are redesigning the website. they will make it easier for users to find new groups. shah gilani is almost in tears about facebook. you don't like it, you think this is just cosmetic and it's no big deal. >> more than cosmetic, but what i don't like is behind the scene whats they are really doing is merging whatsapp, instagram and messenger to create a larger, better, more capable technical infrastructure to actually understand where the groups, what groups are talking about, what users are talking about within the groups. stuart: what's wrong with that? >> well, this is supposed to be about privacy. now it's about groups. you talk amongst your groups, you have more privacy, messenger will be encrypted except what

they are doing is behind the scenes, they are monitoring those conversations and being able to target ads even better. stuart: nobody cares about -- >> that's -- stuart: they are still gaining users. >> zuckerberg is trying to change the conversation. we are becoming more cognizant of the need for greater privacy. behind the scenes that's not what they're doing. stuart: okay. all right. let's get back to the uprising in venezuela and bring in national security adviser john bolton. sir, what are we going to do, what does america do if things turn really ugly and they start shooting people in the streets? we have already seen armored cars running over people. what do we do next if it gets real ugly? >> we have made it clear for some time now that the maduro government, the cubans, the russians, should not do anything that puts innocent civilians in harm's way. we expect them not to go after juan guaido and the opposition.

we have made this as clear as we can. the president has said repeatedly all options are on the table. we're not going to get into specifics, but it's one reason why we have tried to apply as much economic pressure on the regime and on cuba as we have. we want to bring this to a peaceful resolution. that's our objective. that's the objective of the people of venezuela. it's the regime that stands in the way. stuart: maduro says there are 3,000 americans in the american embassy in venezuela. a, is that true, b, is it partially true that we have troops in the embassy? >> it's about as likely there are 3,000 americans in the embassy as there are 3,000 martians in the embassy. this man really lives on a different planet. he's out of touch. you know, all day yesterday, juan guaido was out on the streets of caracas talking to people supporting him. maduro was in a place which is a

military facility, a military prison, among other things. it's also the place where the cubans have their venezuelan headquarters, because he was worried that his own army was not likely to be supportive. so he relied on the cubans. that's about how much in touch he is with events inside the country. stuart: mass demonstrations coming on the streets of caracas today. is this the day of regime change? >> you know, these demonstrations were planned long before the events of yesterday. they are going to be not just in caracas, they will be all around the country. we did see yesterday in the second largest city, and other cities, the police, the national guard, didn't interfere with the demonstrators. so had there not been this intimidation and violence yesterday, we would have expected that you have very large demonstrations today. we still expect that but we are going to watch the situation very closely. stuart: the president says if the cubans don't get their armed

people out of venezuela, he will impose very strong sanctions on cuba. will he go through with that and what would it mean for our relationship with cuba and nicaragua and venezuela? >> you know, the president has a habit of saying what he means and then carrying through on it so if i were sitting in havana i would pay very close attention to that. we have called cuba, nicaragua and venezuela the troika of tyranny in the western hemisphere. we are very concerned about it because of the implications for the free countries in the hemisphere. it's one important reason, i think, people should understand this is not just the united states concerned with what's happening in venezuela. all over the hemisphere, democratic governments support juan guaido and the opposition. stuart: can you give us any hint, sir, about what we might be saying inside venezuela to the generals and to maduro? >> well, most of the conversation that's going on is by members of the opposition, and they are saying quite

clearly you need to come away from the maduro regime. it's not sustainable in power. just yesterday, we saw a number of top venezuelan government officials renege on commitments they made to support the opposition. one day the written documents they were about to sign will come out for the history books, but what that means inside maduro's government is that you've got a bunch of scorpions in a bottle. they can't trust each other. maduro looks at his generals, he doesn't know if they're planning to go over to the opposition or not. he just is not going to continue in power very long. that's why i think it's important to stay on this, to keep the pressure up. we are going to be meeting later today at the white house in a national security council principals meeting to consider other steps to take. i think that's important to do. we will see what happens next. stuart: i'm sure you saw it, sir, but there's a head line in yesterday's "financial times" that says iranian economy collapses under the weight of

white house sanction. collapse is a very strong word. are we on the verge of a real success with iran? >> look, the iranian government has never demonstrated a strategic decision to give up its pursuit of nuclear weapons, its support for terrorism has increased since it signed the iran nuclear deal, its malign activities all over the middle east have increased. their terrorist activities in europe, as an example, have been exposed. this is a regime that hasn't learned yet. that's why we have eliminated the waivers for the purchase of iranian oil. that's why we have put other sanctions on. that's what maximum pressure means. i think the people of iran would love to find a way to get another government. it's the revolutionary guard that's prevented it from happening. that's why we have designated them a foreign terrorist organization. yeah, we will keep the pressure up on the government of iran until as the british say, until the fifth squeaks.

stuart: i remember that expression. real fast, is there such a thing as the situation room and you are going to be in it watching developments in venezuela moment to moment? >> well, that's where we will be this afternoon at 2:00. stuart: thank you very much for joining us, sir. we appreciate it. >> thank you, stuart. stuart: check the big board. now we are nine minutes into the session and up 74 points, 26,667 is where we are at. it's fed decision day on interest rates. we will get the news later on this afternoon. remember, please, president trump wants to cut rates now. he says if we do that, the economy would take off like a rocket. first of all, shah gilani, what do you say to a rate cut now and the economy taking off like a rocket? >> chances of that happening are slim to none. the leaning is toward cut rather than hike but there's no reason to cut. the economy is doing great. the markets are at all-time highs. there's no reason to cut. >> no reason to cut rates. the president made this statement i think to kind of put a marker in the sand that he was

telling the fed not to act. i think there was more to this than what the surface of the message was from the president. ashley: we had larry kudlow on earlier. he said inflation if anything is going in the opposite direction. there's no reason why they couldn't cut rates. normally a booming economy is associated with, you know, heating up inflation. not always true. susan: i think you will see it eventually. wages are going up. stuart: eventually, but not now. could you say we've got a goldilocks economy? >> absolutely. stuart: rapid growth, minimal unemployment, no inflation or very little inflation. very low interest rates. >> it would be tough to argue for a rate cut with everything you just said. susan: certainly no quantitative easing. stuart: we should have a buzzer for that. >> sorry, buzz. stuart: 9:40 eastern time. you know what that means. murphy and shah, you're out of here. that was a fine performance

sandwiched around john bolton. good stuff. thank you. back to venezuela. senator rick scott says we need to be more aggressive in venezuela. he wants our military to act. senator scott joins us next. actor isaiah washington, best known for his role in the hit show "gray's anatomy" is making headlines for his politics. he will tell us why he's walking away from the democrats and the democrat party. that's in our 11:00 hour. check that big board again, please. we are up 65 points and we will be back.

stuart: solid gain for the dow. i admit that some of it is taken up by the gain in apple which is a dow stock, but we'll take it.

we are up 72 points for the dow, 26,660. that's where we are on the big board. the uprising in venezuela. joining us now, senator rick scott, republican, florida. mr. senator, welcome back to the show. always good to see you. now, you want military action in venezuela. what exactly, what kind of military action are you talking about? >> stuart, i was on the venezuelan border last week. the humanitarian crisis is unbelievable. thank god for usaid, they are providing food to so many people. the poor moms with kids are sleeping on street corners because they have no place to go and there's no food. we are providing education for kids. there is genocide going on in venezuela. we have to consider sending in not just american troops but troops from every democracy around the world that want to stop genocide to go in and take humanitarian aid in to these citizens to help them. this is horrible, what's going on. i hope that maduro steps aside today. the military comes to their

senses. but right now, we've got to understand people are dying every day down there. they are starving to death because of one person, maduro. stuart: you are talking about american troops firing guns in anger inside venezuela, not on the borders to open up the border for aid coming in, but american troops inside venezuela operating there. is that what you're saying? >> stuart, what i want to do right now is, look, i think we need to do the sanctions. i like what the president said about the embargo with cuba. we have to do everything we can to get other democracies around the world that support juan guaido to focus on the sanctions, but we also have to all get together and take humanitarian aid in there and if the only way to get that in there is with our military, we have to take humanitarian aid in there so people stop dying. stuart: senator, national security adviser john bolton was with us just five minutes ago. he described nicaragua, venezuela and cuba as the troika of terror.

he was taking a very strong line. went on to say that maybe today is the day of regime change. you'll back that up? >> i hope. i talked to ambassador bolton this mornings i talked to him yesterday, i talked to the president about it today, i spoke to the president of colombia yesterday about what's going on down there. i hope that's what happens but we have to understand, if we let this go on, we will have a syria in our backyard. we will have a syria because we have all the bad players, russia, china, iran, hezbollah, elm, they are all there and it starts with the support of the castro regime which right now, they are really supporting maduro. the military is on the sideline. it's only the castro regime which is supporting maduro in venezuela. they are providing his security. so we have got to do everything we can to push maduro out now and get free and fair elections in venezuela as quickly as possible. stuart: senator rick scott, republican, florida, thank you very much for joining us, sir.

>> thanks, stuart. stuart: thank you. let's move on to the corporate front for a second. look at this. former google chief eric schmidt is leaving google's board. alphabet's board, i should say. he's been there for 18 years. do we know why? susan: he ran the company from 2001 to 2011. here is what eric schmidt is saying. he said for 18 years of board meetings, i'm following coach bill campbell's legacy in helping the next generation of talent to serve. thanks to larry, sergei and all my b.o.d. colleagues, onward for me as a technical adviser to coach alphabet and google's businesses/tech. he might be leaving, stepping down from the board, when google is going through a tough period. we saw the results this week, disappointing. in fact, they had the worst single day for the stock in ten years. this follows some controversy over military contracts, potential search engine being built for china, and reported coverups of sexual misconduct when thousands of employees

walked off campuses in protest of these big payouts to those that have been supposedly an alleged sexual harassers. stuart: the stock was down $100 yesterday. susan: worst single day in a decade. stuart: down again this morning $7. you are back to $1190, roughly speaking. hold on a second. i have breaking news. let me get into that. back to google in a second. smoke bombs going off in paris as part of the mayday protest there. that's all we know right now. that is an ugly scene. ashley: tear gas. stuart: right in the middle of paris. if you have ever been tear gassed, that's not what you want. obviously the demonstrations, mayday demonstrations, this is paris turning ugly as we speak. let me get back to eric schmidt leaving the board at google. he's not run out of money, has he? >> certainly hasn't run out of money. according to forbes he's worth about $14 billion. stuart: repeat that. >> $14 billion. stuart: thank you. >> let's not forget he was brought in in 2001 as quote

unquote, adult supervision, and he shepherded the company through its hypergrowth through the ipo, he deserves every penny he's made there. he's stepping down. he deserves a little bit of peace. stuart: before we leave this, i have to ask mike murphy, has the bubble which i think is google is a bit of a bubble, is it bursting? >> i don't think so. it's resetting. down 100 points, you pointed out yesterday. i own google. i will still own google. haven't sold google. it's going to have its ups and downs. i think long term, there's a lot that they can do. there are a lot of other areas where they can generate revenue. stuart: all right. i will give you that. i will let you off with that. okay. got to take a break. we'll be right back. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that.

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stuart: i'm sure you've seen this, a huge push into self-driving cars. all the big name technology companies are trying to get into this. look at elon musk. he says tesla will build a robotaxi fleet by end of next year, thousands of them on the road, he says. come on in, executive sean stuart with waymo. you are a startup king. you run a new lab, right? >> it's a home and platform for about 130 companies in the brooklyn navy yard. stuart: you are australian, aren't you? >> i am, from melbourne, australia. stuart: what are you doing here? >> helping entrepreneurs in frontier technology build their vision and products right here in new york city. stuart: what a guy.

now i'm going to tell you, i'm not buying this self-driving car stuff. i'm not going to buy one. i can see one as a taxi, maybe, to take you somewhere. but as for the general population, going out and buying a self-driver, i don't see it. >> yeah, i think you are hitting on key thoughts around the capabilities of the technology and where you will see the first commercial deployment. i think the first one is weather conditions. they don't operate well in snow and ice or urban dense environments like fifth avenue here in new york. the second is they operate off of high density maps, either waymo maps that they create themselves or maps like we develop at one of our companies. stuart: why is all this money going into it? >> there's two reasons. if you look at waymo, the drive there is safety. 40,000 people died last year on the roads due to self-driving car collisions and 94% of those are human kind of errors that drive the fatality. globally, it's about a million people. so that's 130 people dying just this hour on the roads. stuart: really, you really think this big push into self-driving

cars is all about safety? >> well, i think safety and some clear economic benefits to corporations. stuart: like what? >> everything from kind of management of fleets all the way through the cost savings of drivers and the human resources needed. stuart: what about the individual? i'm not going to buy one of these things. i might, as i said, i might take the taxi. i'm not buying one. >> i think in these urban environments you are seeing exactly that type of shift. people are moving away from car ownership and into kind of ride hailing like the ubers and lyfts of the world. so some of the technologies we are developing at new lab are going to help those cars kind of operate better. better sensors, better technology, better ai. a lot of the community has been focused on that. stuart: you used to work for waymo. >> correct. stuart: an executive at waymo. >> correct. stuart: that's where you made your money? >> a little bit. stuart: we were sent back here, the new york tech scene is pumping on all cylinders. you've got everything from academic institutions pumping out great talent, great city and government support, all the way through to homes like new lab

providing platforms for these entrepreneurs to build their companies. stuart: who's got the best self-driving car technology? i know you are going to say waymo, aren't you? >> even if i hadn't worked there, i think with the ten-year advantage study, they surpassed ten million miles of real world testing and have 25,000 cars that drive in simulation every day, that's a difficult advantage to catch up on. stuart: knowing what you know, do you think elon musk will have thousands of these taxis, self-driving, by the end of next year? >> i think i'm still waiting for elon to drive coast to coast which was a problem a few years ago. i think i will wait to see that evolve. i think the evolution of these cars is going to be gradual. when you see claims around hockey sticks, i think that's something to be concerned about. stuart: good one. shaun stewart, welcome to the new york area. we appreciate you being with us. >> thank you. stuart: thank you. the hit tv show "empire" coming back to fox for a sixth season.

actor jussie smollett will not be part of it. we've got the story. $2 trillion to fix the nation's infrastructure. i call that a democrat grab bag of social policy spending. you will get my opinion, my take, my editorial on that, next. ♪♪ ♪♪ . .

stuart: it is exactly 10:00 here on the east coast. 7:00 in california. left hand side of the screen, attorney general william barr is about to testify before the senate judiciary committee. democrats are going to grill him on the mueller report. it could get contentious. we'll see. any fireworks, you will see them right here on this program. check the big board. we're half hour into the trading session. that is a modest gain, up 30 points. that gain is accounted for by apple which is a dow stock and sharply higher. economic data coming at us right now. the latest on manufacturing? ashley: coming in 52.8 which i always say means nothing to

anyone but that is down from 55.3 in march. a little shy of the estimate which was 55. construction spending down almost 1% in april. a bit of a down overall report on. stuart: tell me again on construction spending. susan: construction spending down .9%. looking for gains of 1%. worse than expected. construction spending like you mentioned, public spending was lower. concerns about the housing market which represents 1/5 of u.s. gdp. stuart: no impact on the market whatsoever. we're up 39, 40 points on the dow industrials. now this. fixing the nation's infrastructure, we can all get line that, can't we? it is roads and bridges, right? when you say infrastructure that is what you mean, roads and bridges, right? i didn't think there would be much agreement in the infrastructure summit, but lo

and behold speaker pelosi and senator schumer said they did reach agreement. they have agreed to spend two trillion dollars. we all know, what we all want to know where that money is going to come from. no answer on that one yet. i also want to know exactly what we're going to get, what we're going to spend $2 trillion on. you think it is just roads and bridges? that is how infrastructure spending has always been sold? dream on, folks. after the white house meeting, democrats declared infrastructure was much, much more than roads and bridges. quote, it is about advancing public health with clean air and clean water and quote, addressing climate change. and get this, it is also about expanding broadband to rural, urban and other underserved areas. really? that is not roads and bridges f we do tackle infrastructure, the spending must quote, wolf, women, veteran and minority

owned businesses in construction and the work must pay the prevailing wage, end quote. this is a democrat grab bag of social policy goals attached to infrastructure. remind me of obama's stimulus plan. he turned over $865 billion to congress and let them spend it. didn't end well. now it is two trillion dollars. this is what gives government spending a bad name. it is not focused on specific problems like roads and bridges, no. it is same old, same old. politicians bringing home the bacon, buying votes, satisfying favored groups. as for the president? he is a business guy. he understands cost and efficiency and getting things done. hopefully he won't go for new taxes to pay for it all. hopefully he won't load climate change, health care and broadband on top of fixing roads and bridges. my opinion? if a infrastructure deal means giving a two trillion doll check

to congress, i would rather have no deal, no agreement. there is something to be said for gridlock. the second hour of "varney & company" is about to begin. ♪ >> we just had a very productive meeting with the president of the united states. we're very excited about the conversation that we had with the president to advance an agenda of that kind. we did come to one agreement, that the agreement would be big and bold. >> obviously the roads and the bridges and the highways, obviously water, but also a big emphasis on broadband that every american home we believe needs broadband. the emphasis on the power grid, so we can bring clean energy from one end of the country to the other. stuart: you heard it all, right there. look who is with us now. newt gingrich, former speaker of

the house. newt gingrich is with us. he is in the house, ladies and gentlemen. how are you? >> great to be here. stuart: you like that little rant? >> all i have to say the congresswoman san francisco city, one of the most heavily unionized cities in the country, the senator from new york, one of the heavily unionized in. country, would like the country to give their unions absurd amount of money to do no work. you know the cost of building a tunnel here in new york city. the whole system is screwed up. stuart: at the end of the day we won't get a infrastructure deal. >> they might but it won't be their deal. stuart: will they agree, it is not their deal? look what he has done with this deal. >> take it apart. the reagan model is, you create a deal so good back home that people don't let you come home notice you vote yes, okay? second, you don't need to spend a penny of tax money on

broadband. we can go to total 5g system nationwide with private capital. look what mitch daniel, mike pence as governors of indiana. half the money can come out of the private capital. you can reform labor laws and get 70% more infrastructure per dollar. stuart: you need democrats to agree to that but they won't. >> you need the country to browbeat the democrats. stuart: that won't happen. they run the media. >> reagan managed to push it past them. all the folks back home, all marginal democrats don't live in new york and san francisco. there are a lot of democrats back there, you give them to the folks at town hall what do you mean you're not going to do this? all of sudden, you know, re-election means maybe i'm for it. i mean that is what reagan did. reagan's rule would turn up the

light on the american people and they would turn up the heat on congress. stuart: okay. do you think that president trump will agree to any kind of tax increase to fund this. >> none. stuart: you know him better than i do. >> i would be shocked. all we have to look at george h.w. bush's record of raising taxes having one term. trump's base will go crazy because the only reason you raise taxes to pay off corrupt unions. stuart: so you think we're on to a winner here? >> i think the president, if he puts it together right, you can do all of broadband with zero tax dollars. stuart: i got to talk to you about something else. you know what it is. you have -- >> i have hopes. [laughter] stuart: you have written a novel. since when is newt gingrich written a novel called, the collusion tell me what it is about. >> collusion is about a russian effort to poison the u.s. senate. stuart: poison in with what sense? >> kill. stuart: that is new ground. >> russians have a long history, we have seven badges at the back

of the novel of case-by-case where they used poison. remember last year they were in britain trying to poison somebody. there is some weird russian fixation on poison and putin is a very hard-line kgb operator. our opening quote in the book is putin saying the cold war never ended. then we dropped putin. we have a made up dictator who looks a lot like putin. but it is a novel. you don't want to get sued. stuart: you tell me what the ending is? >> no. you are supposed to buy the book and read it. stuart: when is my free copy. >> you get a free copy. everyone out there buying the book. stuart: it called the collusion? >> just "collusion." stuart: great to see you again. thank you very much, sir. check the big board. we're 38 minutes into the trading session. we're up 45 points. much of that gain for the dow accounted for the gain in apple stock. look at it now. apple is a big stock to watch

today. up nearly 6%. that is an 11-dollar gain. $212 a share, that is a trillion dollar company right there. so it has joined microsoft as a trillion dollar company. susan: they got there first. stuart: don't forget iphone sales were down 17%. their services business is on the upside and they are going to do a stock buyback. susan: correct. 75 billion. come on in george with annandale capital. you say that apple is the kind of stock for our viewers? that is buy this thing and hold it. make your case, sir. >> apple is a strange stock, stuart. good morning to you. it has a bifurcated set of constituencies. first of all it is the trading community that like to sow fear about apple's iphones falling off a cliff and stock should be cut in happen, with a single-digit p-e capital. there are long term investors

look at greatest free cash flow generating company in the history of the world that has incredibly song services business, growing like crazy, they have all the cash they can do what they want. they bought back $300 billion worth of stock the last several years. they can do whatever they want. an investor should buy it, put it away. it's a consumer products and services companies that ought to get a higher market multiple. stuart: you're describing what is mounting to a utility. you milk it. that is what it is about. >> it has growth in the services business. that will be incredibly dynamic. the amount of free cash flow and stock buyback makes it very different with at&t with $180 billion in debt or verizon, a power company. it is completely different animal than that. stuart: when i think of buy and hold long term, i'm thinking you buy it now, you hold it for at least a couple years. okay, two years from now, where will apple's stock be do you

think? >> i have no idea where it will be in two years. in 10 years it will be higher than it is now. apple is seasonal stock. they have usually the investor event in september. the stock gets sold off hard after that. i would tell an investor be patient. if you don't own the stock. wait for the fall, weakness in the stock, then add to position then. stuart: george, err we're listening to you. apple at $212 a share. that means it's a trillion dollar company as we speak. >> thank you, stuart. stuart: venezuela is on the brink of collapse. i would go so far to say it is collapsing. regime change looks imminent. if maduro is forced out that could have serious implications negative implications for other socialist countries in latin america. we will have that one for you. >> latest on the college admissions scandal, actress lori

loughlin who paid half a million dollars to get her daughters in school. reportedly telling her friend she want at trial. she thinks it will prove her innocence. the second hour of "varney & company" is coming at you ♪

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stuart: very modest gain. 41 points up for the dow. look at clorox. revenue fell short. it gave a not so rosy forecast. you know what happens when you do that? your stock goes down. 4% lower on clorox as we speak. let's get to venezuela. listen to what national security advisor john bolton told us earlier on the program today. roll tape please. >> the president has a habit saying what he means, carrying through on it. if i were sitting in havana i

would pay close attention. we've called cuba,. one important reason i think, people should understand this is not the united states concerned with what is happening in venezuela. all over the hemisphere democratic governments support juan guaido and the opposition. stuart: joining us now, mary anastasia o'grady. "wall street journal" columnist. all right, mary, am i going too far if i suggest there's a domino effect here, venezuela goes, nicaragua, cuba after them? >> keep in mind venezuela provided subsidies allowed cuba to survive after the soviet union fell. they were getting subsidies from the soviet union. they went through a very tough period in the late '90s with chavez. that allowed them to cubans to hang on.

i think something similar. danny ortega also benefit ad lot from oil subsidies coming from venezuela. so that's over. that's a very good thing whether, you know maduro falls or not, these countries are very poor now. i think that the real key component here is russia. i mean russia has been really the weapons supplier and the, sort of the big guy in the game saying to venezuela, listen, hang in there, we're backing you up. stuart: mike pompeo said that maduro was ready to leave and the russians stepped in said, no you're not, you're staying. >> russians deny that. it would make sense because they have a lot of assets in venezuela. they don't want the u.s. to have a strong sphere of influence in south america which we feel differently about that. i think the russians, the key component here for the administration is to get russia so understand it is not in their interests to stay in venezuela,

not in their interests to keep backing up maduro. whether that comes in the form, letting them know, listen if there is regime change, rosneft investments in venezuela oil will be somehow protected i don't know how that negotiation goes but it is very important to get russia out of the support of maduro. stuart: earlier this morning on this program, half an hour ago, rick scott, senator rick scott, republican florida said, we got to end this and we have to use america's military if it comes to that, we got to use the military to do it. you don't want any part of that, do you? >> not really. rick scott has a constituency in south florida made up of cuban expats, venezuela expats. a lot of people who don't like what they see going on in venezuela. people that want to go back to their country. stuart: he may be right. if you get an entrenched maduro backed up by cubans god knows how many thousands of them with guns, russians, heaven knows how

many of them with guns how do you get them out? >> i repeat, you bring the u.s. military in there, you get rid of maduro, you still have a big mess on your hands. you have really disorganized chaotic situation with a lot of militia they armed. you might end up having a very messy civil war. if we want to go in there and fight a civil war in venezuela, fine, let's decide we'll do that but let's go in where you our eyes open this is not clean, go in, take care of maduro the whole thing goes back to being democracy. the institutions are destroyed. you have this very nasty group of informal fighters who will fight to the death. the cubans will fight to the death. they have no human rights laws that will bar them from doing anything really nasty. stuart: mass demonstrations scheduled for today. if shots are fired, those

demonstrators fall in the streets -- >> it happened before, stuart. stuart: all bets off. >> i would remind you the key component remains whether the venezuelan can be convinced it is in their interests to go with guaido. so far they haven't done that. that is what we have to be watching. stuart: got it. you're our lead person on venezuela. lucky you. mary, appreciate it. i want to check with apple. yes it is. still a trillion dollar company. $212 a share. that makes it capitalized as they say. the market value of apple, 6% higher. susan: no warrants from microsoft? stuart: if there were microsoft they would be playing trumpets. latest on jussie smollett scandal, "empire" will be back for a sixth season. smollett's character will not be back. details coming up next. ♪

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stuart: progress report for the dow, up 40 points, all of it due to the gain in apple which is up nearly 6%. it's a trillion dollar company. okay, we got that. the show "empire" back for a sixth season. jussie smollett one of the actors in it, will not be in this regrouping of the sixth season. why? susan: not for now. by mutual agreement the studio negotiated an extension for jussie smollett, option for season six but at this time there are no plans they say for the character of jammal to

return to "empire." jussie smollett accused on 16 felony counts of misleading authorities in chicago, faking an assault. those charges were dropped of course, despite the fact the city and officials thought they had a pretty strong case. stuart: they did. >> jussie smollett was last seen in hawaii on vacation. he made $125,000 an episode on "empire." stuart: he made -- susan: per episode. in total he has made $7 million in salary off this franchise. so there is an option to return. right now they're not executing that option. i would say, wouldn't you say the audience isn't necessarily need to see him back? although the cast members, apparently they do want him back. ashley: they asked for him to come back. stuart: jussie smollett faked an attack by trump supporters said it was maga people. ashley: yep. stuart: that is what he said. he was trying to trash donald trump. hollywood will have him back.

susan: he also refused to reimburse the city for $130,000 in terms of hours worked. the city basically filed a civil complaint to get that reimbursement, possibly more. stuart: i didn't know he made 125 grand per episode. 7 million total. ashley: he has blown it. all i'm saying. stuart: he sure has. shall we change the subject? let's change the subject. big development in trade talks with china. financial types says president trump may be ready to bend on his demand that china stop the state-sponsored cyber threat. that is at least the report. we'll get into it in our next hour. how for this of a change in subject. burger king bringing the meatless whopper nationwide. andy puzder, he used to run carl's junior. he loves it. wait for it. he is next.

♪

♪ "can't buy me love." stuart: i like this. we need later material. ashley: you want more expressive, creative day? stuart: yes. no not the yoko stuff. thank you very much. absolutely not. susan: no? stuart: all right. they're laughing. moving swiftly along. we have 30-point gain for the dow industrials. that's it. i keep saying it. we got to say it. that entire gain of 30 points is

accounted for by the rise in apple which is a dow stock. yes, apple hit a trillion dollar valuation mark. get to oil, how much do we have in storage. how much did we use? ashley: a huge amount, i read it once, twice, three times. i thought it was a misprint. expecting a build of 1.4 million. 9.934 million bears up. that is a huge build which would, you think put downward pressure. more in storage. it was down. heading down even more. stuart: couple days ago it was 66. ashley: correct. but it went down after the president said he called opec to say, hey, we do not want 3-dollar gas here in the united states. stuart: we got nine million extra in storage. ashley: we do. stuart: let's see what happens to the price of gas in the future. headlines, yes they have agreed on a two trillion dollar infrastructure plan. all they have agreed on is the $2 trillion.

let's get that clear. doug schoen with us. fox news contributor. he is a democrat. i guess you're real happy that they have grade on a 2 trillion-dollar spending spree? >> well i like the idea but there is only one thing missing. stuart: what? >> the administration hasn't agreed to the specifics or to the outline of the plan. so i think the headline you read, while optimistic is a bit ahead of where we are. stuart: okay, but, speaker pelosi and senator schumer came outside. >> right. stuart: after the meeting. made a statement. >> they did. stuart: the plan they have got in mind is a grab bag of everything, from climate change to clean air, clean water, health care. what is it? what is the, internet connection. what is that. susan: broadband. stuart: broadband, thank you. all over for everybody. >> i'm not against all that -- stuart: you're not? >> no, i'm for it. stuart: you're for it? >> if you have a infrastructure plan you have got to rebuild first and foremost the crumbling infrastructure. from what the chief of staff

mick mulvaney said yesterday there is no agreement on the framework or structure of a plan to rebuild our roads and highways. stuart: america could get behind roads and bridge. >> yes it could. stuart: we could get behind that. all of us could. both sides of the aisle. >> we should. stuart: do you think we'll get behind an infrastructure plan that is all about broadband and climate change, health care, heaven knows what else? >> if there is enough roads and bridges yes. if there isn't, absolutely not. stuart: just buying votes, doug. can't you get out of that habit. >> that is my business trying to help people get votes. i've done it for a lot of years. stuart: we have a whopping great big deficit here and you think we can just spend $2 trillion? >> i'm the only democrat you know who did a balanced budget, cut the debt and deficit in the '90s. remember bill clinton left a surplus? stuart: i do. >> i had a lot to do with that. i'm proud of it. stuart: thank you.

what are you doing about the deficit now? adding $2 trillion to it. oh please. i want to get to joe biden. >> yeah. stuart: he seems to be leaning more and more on his relationship and vice presidency with president obama. he is now leading in the polls, you know, leaning towards obama, do you think that gets him anywhere with the general population? >> no, i don't but right now his only audience or his singular audience is the primary electorate. there is one issue, stuart, i think word worth caughting attention to your viewers, they played on number of networks of obama's speech, choosing between hope and fear, biden using similar language. given he had problems in 88 imitating or plagarizing one of our party leaders, neil kinnick, i, i think he ought to change his rhetoric if not his substance. i will say this, he also has to

pivot to the issues away from just rhetoric. that will take some time. i would say sooner rather than later. stuart: i want to know where he stands on the green new deal. i want to know where he stands on taxing the rich and taxes wealth. i want to know where he stands on health care for all. that will define him as a candidate. >> he will stay as far away from clarity, stuart, to try to get progressives with him or at least tolerate him and hold middle of a 19 candidate field. i wouldn't hold your breath waiting for specificity. stuart: you're an expert how a speech comes across, a political speech, how it is accepted or otherwise by the audience. >> sure. stuart: i didn't think joe biden nailed it with his opening speech. it is monday. he mispronounced some words. slow on the up take to finish some of his sentences. he looked rather stumbling?

>> my judgment while that is fair he was able to get the moral high ground from trump part of the way. he avoided extreme issues and he sounded much more reasonable than any democrat. my response would be, compared to what? compared to green new deals, 70% taxes on the rich, estate taxes that are largely confiscatory? i think he will try to stay in the middle but your question is the right one. can he stay there and he at his age at his point in life maintain a level of consistency in light of attacks will come both from the president and 18 other democrats. big questions. stuart: unanswerable questions. >> unanswerable but i think he, there is still a big question mark. i believe he did very well in the polls with less than ideal launch. will he be able to hold it? time will tell. stuart: your guys last best hope. >> saidly think you're right. the question i won't answer

today, if it isn't joe biden, elizabeth warren, who am i voting for. stuart: i know exactly who you will vote for. donald trump. you would. >> next time invite me back. stuart: you would do it, wouldn't you. >> i wouldn't vote for elizabeth warren. stuart: you would vote for donald trump. say it. >> i won't say it. i say i'm going back to florida. stuart: doug, thank you. two huge groups of migrants made their way across the border into new mexico last night. they promptly claimed asylum. basically they're in. we can't keep them behind fences. andy puzder is with us. come on in, andy, i think, i think the tide is turning the political tide is turning on subject of immigration, subject of the border turning against the democrats. what say you? >> i agree 100%. i had an opinion piece in the "washington post" this morning on this issue. "the washington post" came out with a poll showed 80% of

americans were either believed there was a crisis at the border or serious problem at the border. the big move was among democrats. the people that thought there was a crisis increased 17 percentage points. one quarter of the democratic party believes there is a crisis at the border. now the public, voters blame president trump and congressional democrats about the same but that is a big switch because they used to just blame republicans for problems at the border. they blame both parties. they know there is serious problem or crisis. the democrats should act with president trump to resolve this before the election or they could get hurt. stuart: wow, there is sea change for you. i have to ask you this, andy. you used to run carl's junior. which is a hamburger operation, very good one, but that is what they did. >> thank you. stuart: how about this fake meat? burger king rolling out the vegan impossible whopper going nationwide. didn't carl's junior have a meatless burger introduced not

too long ago? >> carl's came out, they were the first major chain to come out with a meatless burger. it came out last january and, i think it met with some success. now it didn't get, burger king is a national chain. carl's junior is regional change in the west. it got more coverage in midwest and southeast when burger king did it. carl's junior did very well. the way business succeeds in this country, meeting needs of others they're consumers f that is what people want, those kinds of products restaurants will tell. stuart: i think it will be a smash hit. >> me too. stuart: i've not tried it. i want to try it. we're trying to arrange a taste test on camera. we will get to that have you tried isn't. >> i have not tried it. i'm going to be in st. louis next week. i will try the burger king version. i may be in l.a. i will go to carl's try it. no farting burger.

trying to appeal to millenials that like alexandria ocasio-cortez. stuart: you could sell it on the ground it is the answer to climate change. bovine flatulence will be taken off the board. >> millenials eat burger less than young americans used to in prior generations. this might be a way to bring them back into the fold so to speak. stuart: do you miss the burger business? >> i miss running the company. i do miss the burger business. restaurant business is a lot of fun. i tell you i enjoy being retired a lot. i get to do tv shows. i get to write. give talks on college campuses. not like i'm not busy there was a lot of fun running a successful company. stuart: if you think i'm going to retire, think again, because i'm not. andy, you're all right. thanks for joining us, see you soon. >> see you, stuart. stuart: how about this, colleges, oh, yes, they're having a rough go in the admissions scandal, got that. censorship of conservative

speakers. massive student debt. terrible. up next, we're talking to someone says big government creating a lot of issues facing today. we'll hear from him after this. ♪ i switched to liberty mutual, because they let me customize my insurance. and as a fitness junkie, i customize everything, like my bike, and my calves. liberty mutual customizes your car insurance, so you only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

we're on the move. hey rick, all good? oh yeah, we're good. we're good. terminix. defenders of home.

stuart: apple is now a trillion dollar company. $11 higher. at $212 a share. that means it is worth a trillion bucks. google, huge drop yesterday. how about this morning, down again. 11-dollar loss. this is snowballing here on google. down, about 1% today. all the way back to 1187. eric schmidt by the way, who ran

google for a long time. he is now leaving the board. i don't think why alphabet is down. but that is news item. he is leaving the board. college admissions, scandal therein. lori loughlin reportedly devastated her public image is tarnished. she wants a trial to help clear her name. that is the administrations scandal. richard voter, author of this book, restoring a promise of higher education in america. you point out to a whole bunch of problems for the colleges. i take it you believe government is a big part of the problem? make your case, sir. >> i think it is. just take the student loan crisis that we have now, for example. trillion 1/2 dollars in student loan debt outstanding. what has this done for our country? well, i think the evidence is pretty clear, that the student loan programs have pushed tuition fees up dramatically over what they would have been

in the absence of those programs. my estimate is that fees are about twice as high today as they would have been, had we not had these programs. which means that people are paying 30, 40, $50,000 instead of 10, 15, $20,000 to go to school. in some cases even more at schools like university of southern california. so, who is the big gainers in this? stuart: wait a second. does the government have any role in these admissions scandals? does the government have any role in the censorship of conservative speakers who try to speak at colleges? is there a government role there? >> i think it -- i agree with you, it is much less there. i don't see the government getting involved directly in that. however, even there the u.s. department of education has,

increasingly gotten involved in local university decision-making, which is something that is, that has never happened historically in american history. one reason that we, i think have a sort of a unique system of higher education wherever university operate as little bit differently than everyone else. that has been breaking down in the last 30, 40 years. i don't think the government is dictating rules on who can speak and who cannot though. i would agree with this. stuart: one of the front-runners among presidential candidates, elizabeth warren, senator warren. she has come out straight with forgiving student debt up to $50,000. 42 million americans would be affected by this. what do you say to the idea of forgiving student debt? >> i think it is arguably the worst idea on higher education i have ever heard.

it certainly right up there. you would be rewarding people in some cases who have not been making payments all along. you would be punishing people who diligently paid off their loans. you would be rewarding many people who are comparably well off financially, not the poor. almost half of student loan debt by the way, more than half, 63% of student loan debt is held by people in the upper half of the income distribution. so this is not really, you know, a move to help the poor and the oppressed so much. as sort of a pop you history move that will give something to everyone. stuart: richard, we'll read the book, restoring the promise, higher education in america. thanks for joining us, sir. we appreciate it. i'm going to get into this, we have news coming to us from

the barr hearing on capitol hill. it is about obstruction of justice. we're going to bring you that in just a moment. we have the story on pro golfer lexi thompson. harshly criticized online playing golf with the president. it got so bad she is taking a break from social media. we have her story after this. ♪ alright boys, time for bed.

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stuart: we bring you news from the barr hearing. hillary vaughn joins us from capitol hill. all right, hillary, what just happened? reporter: stuart, attorney general barr said in a may fifth meeting he had the opportunity to talk to special counsel mueller and in that meeting three separate times mueller told him and his staff that they were not reaching a decision on obstruction and it had nothing to do with the olc opinion that you cannot indict a sitting president, which basically spells out mueller decided there was no reason to indict separate from that olc opinion. he said, quote, special counsel

mueller stated three times to us in that meeting in response to our questioning, that he emphatically was not saying that but for the olc opinion he would have found obstruction. he said that in the future the facts of the case against the president might be such that a special counsel would recommend abandoning the olc opinion but this is not the case in this situation. as we get more we'll bring it to you, stuart. stuart: hillary vaughn, thank you very much indeed. complete change of -- hold on a second. we have the sound of this. so roll that type tape, please. >> we did not understand exactly why the special counsel was not reaching a decision and when we pressed him on it, he said that his team was still formulating the explanation. once we heard that the special counsel was not reaching a conclusion on obstruction, the deputy and i discussed and

agreed the department had to reach a decision. stuart: that is attorney general william barr, defending his handling of the mueller report. it is going to go on all throughout today, i think it returns tomorrow in the house. complete change of subject. professional golfer lexi thompson, she is taking a break from social media. why? because she played a round of golf with the president and then got a slew of hurtful comments on social media. susan? susan: the 24-year-old lpga star, sharing a selfie on instagram. i will take a break from instagram, stepping away from all the social media platforms. i'm too involved with it, need some time after reading some of the hurtful things being said. it isn't fair. i'm not dealing with it. so i'm stepping away. apparently she received harsh criticism, being on line in social media is minefield. there interest trolls out there. people saw awful things.

that might have spiked increase. ashley: complete bully, is what it is, absolutely it is. trump derangement syndrome. ashley: how dare you. stuart: creates a totally toxic environment for anybody involved in politics. susan: i'm wondering, tiger woods also played a round of golf with the president as well. have other professional golfers. wonder if they receive the same treatment. stuart: wonder. i have no idea how to find out that is a very good question to raise. we have big hour coming up for you, actor isaiah washington, probably know him from hit show grey's anatomy. he is leaving the democratic party. he is getting on board with the walk away movement. joe biden's opening gambit, in the race, says americans are not feeling the economy. my take on that next. ♪

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stuart: joe biden has entered the presidential race. his first pitch, his opening gambit, wildly inaccurate. full of spin. it came just days after the report that or economy, the trump economy, is doing very well. in fact, we are doing better than any other industrial democracy and that, i'd say, is pretty good. but joe blew right past it, and he got it all wrong. he said quote, the middle class is hurting, it's hurting now. i'm going to contest that. the middle class was truly hurt during the obama years, when joe biden was vice president. middle class income went down, the technical word for this is median household income. it's a fact that it went down. and it's a fact that it's gone

back up again under president trump. mr. biden's false assertion went unchallenged in the media. he got away with the spin. he went on to say quote, the stock market is roaring but you don't feel it. wrong again. 55 million americans have a 401(k), 35 million have an i.r.a. they are private pension plans heavily invested in stocks. tens of millions of americans did benefit directly from the stock market rally. then mr. biden said quote, there's a $2 trillion tax cut last year, did you feel it, did you get anything from it? of course not, end quote. wrong again. every federal income taxpayer got a lower rate and the whole country felt the tax cuts for business because they clearly stimulated the economy to spectacular growth. more jobs, better wages. we're still getting the benefits of cutting taxes. we don't know what joe biden's economic plan is.

heaven forbid it's a return to obama's policies which gave us very little growth, a gigantic national debt, and a declining middle class. the rest of the democratic pack has veered off into socialism. all we've got from the moderate joe biden was woefully inaccurate spin. that is a very weak response to the news that america under trump has returned to prosperity. the third hour of "varney & company" is about to begin. i think the moral obligation of our time is to rebuild the middle class. that's my north star. the reason for that is when the middle class does well, everybody does well. stuart: okay. there's the man himself. i would contest a lot of what he's got to say, rebuilding the middle class, et cetera, et cetera. i want a reaction now from jenna ellis, trump 2020 advisory board

member. jenna, welcome back to the show. good to see you again. i have to tell you this. people, a lot of people believe what joe biden is saying, and he has moved up very strongly in the polls. how can the trump campaign get the message out that the middle class is better off under trump and not under obama and biden? >> well, i think that the economy being so great and the unemployment being so low is very self-evident so biden is simply casting himself as the doom and gloom candidate because he can't acknowledge that the economy is stronger and he can't acknowledge that the unemployment rate is below 4% for the last 12 months which has been the lowest for over 50 years. i mean, this is an incredible economy. stuart: i know it. jenna, we know it. i know it. people around me know it. we know this. but the country, it doesn't know it. they've not gotten the message. i don't want to be harsh, but if

they don't get this message, if they believe that somehow or other the middle class was ruined by trump and was doing great guns under obama, you're not doing your job. we are losing because you're not getting the message out. >> well, i think that the message is definitely getting out. i think that's why president trump is going to so many rallies, he's speaking to everyday americans, not just staying in washington, d.c., and having people speak for him. he's actually going out and reaching america. but one of the things that, i mean, being a trial lawyer in practice, was that for the juries, you can't just tell people, you have to show them. i think for people who are wanting to honestly look at the economy and not just taking the talking points and the doom and gloom from the democrats, they are going to honestly look at their income tax return, they are honestly going to look at their increased paycheck, they are going to look at the fact that they have either a better job or they actually have a job, and that is showing them the economy rather than just telling them. i think that that will prove to

be effective for people who aren't just haters of president trump and looking for any reason to vote against him. so we are showing them the economy, not just telling them. stuart: i would recommend a line like ronald reagan used. he stood up in the debate with president carter and said are you better off now than you were four years ago. the answer from everybody was no. if donald trump stood up and said the same thing, the answer from everybody would be yes. you need a slogan. >> yeah, absolutely. i think that that's a great talking point, i will certainly recommend that to the campaign. but that's asking people, again, it's not just informing them and saying believe us, it's asking them to look at what is self-evident in their own lives and saying rhetorically, look at what is actually going on and in the economy and how it's affecting you personally and talk to your friends and again, showing them versus just telling them. because we can inform people of

facts, but people who have this cognitive dissonance and for some reason are believing the talking points of the left that are absolute spin, they're not going to be convinced because if people aren't searching for truth, then they're not going to simply believe it because someone is telling them that. so i think that with the economy, when we can create a better way of removing that cognitive dissonance and people will honestly take a look at it, they will see what is self-evident. stuart: before you go, i've got to ask about brad pascal. he runs the 2020 campaign, i believe. he was paid for a speech in romania a day before the mueller report was released. there are ethical concerns there. what's your response to this? >> he went there as a private citizen. it's absolutely not illegal. so this is a non-sequitur for the mainstream media and cnn to be claiming that somehow this is something that is not a good idea. he went as a private citizen. he went all the way through vetting this through the appropriate channels with the trump campaign so it's

completely fine that he did that and really, it's not a story. stuart: are you a trial lawyer or you were? >> i was. i was a prosecutor, then a defense attorney. stuart: generthen i'm going to right off and be careful with you. we appreciate you being here as always. jenna ellis. >> thank you. stuart: check that big board. gone up a little bit. 60 points higher. but again, all of that gain is accounted for by apple. look at the stock. it's up $212 a share, i believe. there you have it. there we go. yes. $212 a share. $213 a share. iphone sales down 17%, profits down for the second quarter in a row. but they are going to buy back a lot of their stock and the dividend's up. that's why the stock is up 12 bucks at $213. that's why it's a trillion dollar company as of now. look at this. facebook. their f8 developer conference started yesterday. mark zuckerberg says they will roll out a massive site

redesign, focusing more on groups and events rather than updates on your friends. the revamped site available already on your phone. desktop version coming soon. the stock is up nearly two bucks at $195. how about google. eric schmidt, google's former chief, stepping down from the board, effective next month. he announced that via twitter that he will stay with the company as a technical adviser. google was down about 100 bucks a share yesterday. it's down 13 today. that is a slide for google. the latest on venezuela. disputed president maduro still in power. protests erupted yesterday, mass demonstrations coming up today. the head of venezuela's secret police breaking with maduro. secretary of state pompeo said last night on fox that maduro was ready to leave, but the russians stepped in and made him stay. all of that going on right now. later this hour, we talk to american defense international chair. i want to know how long maduro

has left. stay on "varney." we'll be back. no, hold on. we didn't get to this story yesterday because of the breaking news out of venezuela. los angeles jumping on the band wagon unveiling its own green new deal. we have our voice of california reason with us, larry elder. i'm sure he's not a fan of this. staying in california. hollywood, former "gray's anatomy" star isaiah washington joining the walk away campaign. those are people walking away from the democrat party. isaiah washington is on the show today. don't miss that. first, to capitol hill. senator mike braun from indiana will join us. we are talking about the $2 trillion infrastructure plan. the third hour of "varney" just getting rolling.

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stuart: the border crisis, it's still with us. we have word overnight that the border patrol caught the largest group of migrants yet. 424 arrested as they stepped across the border into new mexico. they claimed asylum. that was just after midnight. a few hours later, another group, 230 strong, caught in another part of new mexico. they're still coming, they're coming in groups. they ask for asylum, they're released into the population. there you go. i want to get that meeting on infrastructure at the white house yesterday. top democrats including senator schumer and speaker pelosi agreed with the president on one thing. the package will be valued at $2 trillion. after that, there was no agreement that we could come up with. come in, senator mike braun, indiana republican. mr. senator, i understand the democrats want to latch on to roads and bridges. they want to bring in climate

change. they want clean water. they want health care. they want broadband for everybody. chuck it all into continue fthe infrastructure package. you are a business guy. the president is a business guy. you're not going to let them do that, are you? >> you put all that stuff together and it probably doubles or triples the size of the federal government, a place where we don't pay for 20% of what we spend anyway. i was happy to hear infrastructure is being discussed. $2 trillion is probably close to what the need is. but if you raised federal fuel taxes by 20 cents a gallon, that only generates $400 billion, maybe $500 billion. it's like most things here. i was a little disappointed when you say $2 trillion, how are you going to pay for it. that's the disconnect between me and most of the folks here, is you can say that kind of stuff but there's no real way to do

it, especially running $850 billion deficits like we do. stuart: if you raise taxes, you are cutting away some of the benefits of the president's tax reform package. it's as simple as that. you won't have 3%, 4% growth. >> that is true, especially if you take taxes up on income and other areas. there is an argument when it comes to infrastructure, we used it back in indiana, that users pay for it. i kind of like that concept. back in the hoosier state, we were balancing our budget and had a cash balance and as a fiscal conservative like me, i was okay and got on the floor and argued for, you know, a ten cent gasoline tax increase and 20 cents on diesel and we are rebuilding our infrastructure in indiana. things have got to change here in terms of lowering spending. stuart: you would be okay, i hate to interrupt you, i don't want to do that, but you would be okay with a gas tax? >> not here with the feds,

because in indiana, we were living responsibly to where you could justify doing it. here, i would have great trouble doing that because we need to fix our budget crisis first which is built upon spending too much money and we can't take on something as capital-intensive as infrastructure with our current conditions. stuart: tell me about medicare for all, please. i know you want to. it's very much in the news here. where do you stand on medicare for all? >> so medicare for all is simply the accumulated frustration with a broken health care system. when i campaigned and since i've been here, i blame most of our problems with health care on the industry, which got increasingly concentrated, huge corporations own hospital chains, make our drugs, and are not doing it in a cost-effective manner. they don't embrace competition.

they don't embrace transparency. i tell them get with it, fix yourselves before you have one partner, the federal government. medicare for all is the accumulated frustration of individuals and businesses about a broken health care system. of course, we can't afford that either, doing it through the federal government. stuart: the republicans do have an alternate to medicare for all. can you give me 20 seconds on what it is? >> we do not have. i was one that wanted to flesh it out now closer than 2020. i will be out there talking about it. but it's got to be built upon the industry being transparent and competitive, making it consumer-driven, emphasize wellness, not remediation. the industry doesn't do that currently. that should be the republican plan. covering pre-existing conditions and no caps on coverage. stuart: senator mike braun, you know business. so does the president. what a pleasure to have you on

this show. come again soon. check the stock price of amazon. this news item won't affect the stock price but it's interesting. they just put up their first job listings for the hq2 in northern virginia. they put up five positions. that's just five. but that's their opening gambit. the company plans to bring in 25,000 new jobs to that state in the next ten years. forget about it, new york city. celebrity salaries revealed. can you guess who's making the most? i bet you won't guess. none of the people on your screen. i like that sound effect. we will bring you the list in a moment. first, sports alert. yankees pitcher cc sabathia joined the 3,000 strikeout club. happened in the bottom of the second inning of last night's game. he's the 17th pitcher in history to reach that milestone. there he goes. some things are out of

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but this report might raise a little bit of a sore spot for millenials. we've got the latest on the states with the highest amount of student debt, and ash, you are going to tell us. ashley: the average balance is $10,000 to $25,000. keep that in mind. of outstanding debt. that's the average. but the number one position in this dubious list goes to pennsylvania. the average student debt in pennsylvania, $35,988. liz: average? ashley: average student debt. rhode island, second, $35,371. delaware, $34,000. new hampshire, $32,000. minnesota, $32,000. then the rest, alabama, connecticut, south dakota, michigan, new york, interestingly, california not on that list. but that is a $1.46 trillion in outstanding student debt at the end of 2018, second only to mortgages. it is a huge, huge problem. stuart: that really is. those numbers are astonishing, really. now, really rubbing salt in the student debt wound, on the

millenials, here's this one. we got a report revealing the highest paid celebrities. not talking about across the board, just the highest paid celebrities for one movie role. what's the movie role? liz: ryan reynolds. it's a netflix production, "six underground." studios are paying up big to the stars who will ensure a solid blockbuster opening weekend. the next on the list is duane "the rock" johnson. he's getting $27 million. johnson, $27 million for one role. $20 million to the rock for "fast & furious." $20 million, tied with robert downey jr. fand will smith comig in at $17 million. jason statham at $13 million. stuart: wonder if any of them object, if they live in california, object to paying 65% of their income in taxes. wonder if they object. liz: you'd think they would.

ashley: you would. liz: know what's driving in is netflix. netflix is paying out big. they don't pay a percentage of the growth. so they pay a big chunk ahead of time. that's driving studios to pay more. stuart: very interesting idea. okay. by the way, if you want celebrities, we have one soon. actor isaiah washington's going to join us. you may know him from "gray's anato anatomy." he's on the show because he's blasting the democrats. he's walking away from them. he's on this show shortly. first, though, listen to this. president trump going ev reportedly on china, on cybersecurity. that's to try to security a trade deal, so the report goes. we have the white house response to that. we will deal with it and we will, next. termites.

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easy on china when it comes to cybersecurity. if that meant getting a trade deal done. an administration source pushing back on that, telling fox business no final decision on cybersecurity has been made. van hipp is with us, american defense international chair, a man who knows a lot about cybersecurity. what do you make of this? do you think that for the sake of getting a deal done, the president would go easy on cyberhacking by the chinese of us? >> well, i hope your source is right and he is pushing back on it, because let me tell you, i also hope the administration is doing some things on the cyber front that we don't know about. two good things this president has done, he hasn't got much credit for. we have probably only one-tenth of the cyber work force we need in america right now to prevent the worst type of cyberhack on our systems here in america. this president put together an executive order all about cyber

work force training. the first president to ever do that. the second thing he's done, he did it in march, he established a national quantum coordination office in the white house. it had never been done before. we have talked about this before. quantum computing is computing that is millions of times faster than the computing that we're used to and we're using right now. china is outspending us 30 to 1. whoever wins the quantum race will win the cyberwar. we've got to buckle up and do whatever it takes to win that race because it's a race that america has to win. stuart: van, did you once tell us that north korea was a leader in quantum computing? if you did tell us that, how come north korea has the edge? >> they have -- what they do have, they have a quantum encryption device and guess where they got it from? they got it from china. what the united states has got to do and that's the great equalizer on the battlefield. i could have far superior technology but if my adversary has that quantum capability and is faster than i am and can

basically disable my systems, guess who wins. it's the equalizer on the battlefield. stuart: okay. i want to talk venezuela. i know you know the country well. you have spent some time there. in your opinion, how long does maduro have left? you've got these mass demonstrations coming up today. could he be gone today or shortly thereafter? >> this thing is teetering. i think what the trump administration is watching right now, what's the one thing that's going to tip it, who's the one general, one set of generals, because i think the majority of the military probably is with guaido, with the people. there's a cbs poll that showed 82% of the people there want maduro out. here's what i would like to see happen. i came on this show two years ago, stuart, and said it was time for a berlin air lift type of initiative in venezuela. we need that now more than ever. but i would have colombia and brazil lead that berlin airlift type of initiative, after the

united states they have the two largest militaries in the western hemisphere. that could be the thing that tips this. stuart: so you do feel that military action of some sort, by some country, will be necessary to get him out? >> i would do it incrementally and begin with a humanitarian phase. where's the united nations? has anybody seen the secretary general of the u.n. lately? if ever there was a place where the united nations is needed, it is in venezuela. i would like to see brazil and colombia say un., you have been unable, we are going to lead. these people are starving to death. the average venezuelan has lost 24 pounds in the last year. kids are dying at un-godly rates they are dying down there. there's not even a hospital i believe even operable. i would like to see a berlin airlift type of operation led by colombia and brazil. let's give them everything they need to make it successful. stuart: you just raised the issue of the u.n. secretary-general. i should know who that is and i don't.

can you tell me? >> he's in hiding right now. stuart: who is he? what's his name? >> i don't know. that's the whole point. he's a.w.o.l. we need a u.n. secretary-general. stuart: that is extraordinary. i can list the ones in the past but i don't know the one in place now. that's extraordinary. >> i think you make the case. stuart: i have antonio gutierrez. i just found out. that's the virtue of wearing these things in your ears. they can tell you what you don't know. good stuff. van, thank you very much indeed. i'm staying on venezuela and bringing in bob cusack, editor in chief of "the hill." bob, you sat down with secretary of state mike pompeo earlier this week. i think he told you that maduro's inner circle is looking for an out. can you embellish on that? >> yes. pompeo has been very tough on maduro and he wouldn't say as far as timeline, he's not a big fan of timelines.

as you know, it's very hard to predict when he will be toppled but being tough on venezuela and amassing 50 some odd other countries who say he's got to go and guaido has got to be recognized, it does seem like just a matter of time. i mean, just yesterday pompeo said that russia told him to stay because he's thinking about leaving so it does seem like the end is near or is coming soon for maduro. stuart: if that were the case, when and -- if and when he leaves, i'm assuming he's going to be out at some point, that is a huge blow to other socialist dictatorships in the neighborhood. that would be cuba and nicaragua. is there a chance here that regime change in venezuela sweeps the table? we go -- we run the table of these dictatorships? you're smiling. i know i'm probably going too far here. but hope springs eternal. >> you never know. maduro, the deal seems to be that he would be flown to cuba and certainly this administration has been tough on

cuba, really nixing a deal between major league baseball and cuba, allowing players to go, we talked about that as well, but i do think it would be a major blow to socialism and i do think that it would be a major victory for pompeo and the president. stuart: in your opinion, bob, i value your opinion, do you think we are on the verge of regime change in venezuela? on the verge, i mean a few days? >> i think so. it does seem that way. it has that feel where what guaido did this week in saying now it's time, it's time, no more waiting, let's do it, and certainly has the support of a lot of candidates. now, maduro obviously has some support of other countries including russia, but pompeo has been very tough on russia, as well as north korea and china, and he continued that talk in our interview. he's a tough cookie and certainly he just celebrated his first year since taking over for tillerson and it's been a pretty impressive year for him. stuart: he's done a lot.

it's a real change there. bob cusack, always valuable as a guest. appreciate you being here today. thank you, bob. >> thanks, stuart. stuart: yes, sir. we have been following the developments in paris, where it's mayday, of course. traditional day for a socialist holiday to get out on the streets and protests have been under way for a couple of hours. this is a live look at paris. looks like the cops there are retreating. some smoke bombs have been set off. at least one car vandalized. we will follow this for you throughout the rest of the show. getting ugly again in paris. i've got news on tesla. if you're looking to power your home with their solar panels, you're in luck. they slashed the price. depending on where you live, the price could be as low as $1.75 per watt. that is much cheaper than the national average of $2.85. but look at tesla's stock, down again. $2.3 $234, you're looking at now. foot locker have announced a

partnership with champion athletic wear for e-sports products. you need special clothing for e-sports? team jerseys, sweatshirts, tee shirts. no sneakers, apparently. you can wear whatever you like. the stock, though, down nearly 2% there on foot locker. google, no bounceback after their big drop yesterday. in fact, it's getting worse. now they are down $17 a share, $1181 your google price. down $100 yesterday. coming up, we keep promising. we are going to deliver. isaiah washington, the latest member -- latest hollywood guy to do the walk away campaign. these are people walking away from the democratic party. he is on the show very shortly. that's a promise. first, let's deal with this. los angeles revealing its very own green new deal. larry elder, our voice of reason from california, is going to sound off on it. he's next. this is the couple

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stuart: let's get to california. there's no surprise here. the budget for the los angeles 2028 olympics has skyrocketed. now the estimate is $6.9 billion in cost, way up from the original $5.3 billion. why the hike? now, they are now including investments in the city's youth south initiative and have tacked on a couple hundred million just in case the games go over budget when 2028 rolls around. $6.9 billion the new estimate. another story from l.a. the mayor, eric garcetti, just released his own green new deal plan. let's break it down with our voice of reason from the sunshine -- no, it's the golden state, sorry. okay. florida is the sunshine state. hey, that man there is larry

elder. let's break this down. seems to me that this is going to really hurt, this green new deal, l.a. style, is really going to hurt drivers. spell it out. >> absolutely. the goal is basically to get cars off the roads. the economist thomas sole said whenever the government proposes some tax spending scheme ask yourself three questions. who's going to pay, how much is it going to cost and will it achieve its objective. who is going to pay? rich people, the same people already subbed jected to over 1 top tax rate in california and can no longer deduct state and local taxes. how much will it cost? nobody knows. multiply whatever it is by a factor of two to five and we can get a rough idea. and will it work. the idea is to combat climate change. there's a devastating study about the national green new deal by the american enterprise institute that says not only will it devastate the economy,

but it will have a zero net effect on climate change because of the greenhouse gas emissions by countries like india and china. so imagine if the national green deal won't do anything, what will the l.a. green deal do other than disrupt traffic, disrupt economics, make it more expensive to live here in los angeles. it's an absolute absurdity. stuart: i don't know the specific measures but as i understand it, they are going to restrict or try to restrict the number of miles that a motorist can drive in his or her car. >> that's right. stuart: is that right? >> that's right. stuart: how does that work? >> the goal is to restrict the number of miles by six miles and then by another projection later on, another projection later on. all of this top down government intervention because they know how you want to manage your life far better than you do. my favorite story about eric garcetti, l.a. was considering a minimum wage hike and he invited, to his credit, a bunch of small business people in to talk about this. everybody brought in their profit and loss statement and

told him how thinly profitable they are, that if you impose this tax hike, this minimum wage hike, we are going to have to lay off people, cut hours, defer hiring decisions or even fire people. garcetti listened very politely, got up, buttoned his jacket and then said i think you can absorb the cost and signed the bill. this man has never run a hot dog stand, telling people who spend 60, 70, 80 hours a week running their own business how to do it. this is the kind of arrogance that you find often from people on the left, people like eric garcetti. stuart: i'm going to move on to something else. nick bosa, the football player, will be playing for the san francisco 49ers. he's a trump fan. he's been tweeting about he's a trump fan. what kind of reception's he going to get in the bay area? >> well, he's not only a trump fan, he's also a larry elder fan. turns out i'm the most retweeted political personality on his twitter line. he's been deleting a lot of tweets, probably also my retweets, because the bay area

as you know is so far left, and if you are a trump supporter, even if you are a good football player, he's going to have some backlash. so if he plays well and keeps his mouth shut, doesn't talk too much about politics, he'll be fine. if you play well and you weigh in and say that you are a pro-trump person, he's going to have some severe backlash if not booing at his home court, home stadium. stuart: you are the voice of reason. that's a fact. larry elder, thanks for being with us on two important stories. thank you, sir. i have breaking news coming to us now from "the washington post." they report that the white house is asking congress for an additional $4.5 billion for the border crisis. ashley: that includes, i'm sorry, go ahead. liz: 75% of that is humanitarian. excuse me, humanitarian assistance, right? ashley: absolutely. liz: what's really striking about this is that the democrats' stubbornness have drained them of all common sense. they are asking for $93 trillion for the green new deal, they are asking for $32 trillion for medicare for all. i mean, the president is just

asking for a minor league, you know, chump change, you could find in the couch cushion, for the border wall. stuart: are they now going -- i don't know what they are going to do, but can they turn down a request for $4.5 billion, if they turn it down -- ashley: the ball is in their court. stuart: the ball is in their court. they are going to say if they turn it down, they will say there is no crisis on the border when obviously, there is. ashley: a humanitarian crisis, this new request, $3 billion of the $4.5 billion is for humanitarian aid. it's not for a wall. it's to help with what is an ongoing crisis. liz: right. it's striking that "new york times" columnist thomas freedman visited the border and said yes, i support the wall. what do you need? do you need everybody in the media to go to the border to see that yes, it's a crisis? stuart: it's going to be very instructive what the democrats do with this $4.5 billion request. let's see what they do. interesting. hollywood, known for its liberal stars. lot of them said they would

leave the country if mr. trump was elected. of course, they didn't. next, though, one star who is walking away from the democrats. isaiah washington, seated with the founder of the walk away campaign. those two gentlemen on your screen. they will join us after this.

stuart: you know, we like to end our show on an interesting note so here we have the walk away campaign, which encourages people to leave the quote, divisive democrat party. they have a new documentary out, by the way, called "the great awakening." come on in, from los angeles, brandon straka on the left-hand side of the screen, co-founder of the movement, and on the right, actor isaiah washington. i'm going to start with you, isaiah. i just can't resist it. what's your problem with the democrats? >> my problem with the democrats is pretty, pretty simple. a bit over the top and mean-spirited, a bit toxic. not really sure exactly where it's coming from, especially when someone like myself and

brandon are only trying to help people. i'm a former military, so i'm a liberator. i'm all about liberating. stuart: since you came out, if i can use that expression, coming out, walking away from the democrats, is that professional suicide in hollywood? will you ever work again? >> you know, that's a good question. you know, when the liberal media tried to kill me off 12 years ago, they may have killed off the actor but they created a producer. they have created a liberator. i don't like bullies, i don't like oppression. brandon and i had that conversation. we are only interested in the truth, only interested in galvanizing those who want to come out. ironically, or i guess in a very scary way, i have had many prominent democrats from washington, d.c. to new york to l.a. that are -- that means my direct messages on twitter saying i want to help you, i

want to help liberate other supporters of what is right, not necessarily being a republican, but i really want to help you and they can't, they are literally afraid because they are afraid of letting family and friends know they are democrats. stuart: do you come across this a lot? people will support your movement, walk away movement, but they do it very quietly, under cover, anonymously, in the background? is that kind of common? >> it is common. but we are encouraging people to be more outspoken and to make that less common. one of the things i did with this campaign was make it a testimonial campaign. i encouraged people to use video to tell their testimonials. we encourage people on the right as well as people on the left to make their testimonials, telling the truth about what it really means to be a conservative, that this is not a bunch of racists, bigots and homophobes, there are many reasons people could be patriotic, that they support the administration or don't support the administration, but that there are reasons people have for being a conservative that are not stemmed in hatred,

bigotry or whatever the current narrative is of the left. stuart: would you say that your movement, brandon, this is for you, and later to isaiah, is your movement all about free markets, individual freedom, liberty? is that what it's about? is that at the heart of it? brandon first. >> well, okay, so in the walk away campaign, we don't really tell people what they need to think or what they believe. i walked away from the group think of liberalism. i walked away from the tribal mentality of the democratic party. what we tell people is do your own research, read, you know, search for facts, search for truth. where your journey leads you, that's up to each and every individual. we don't endorse specific candidates. we don't endorse a specific policy or you know, it's really about finding and seeking truth for each individual. stuart: isaiah, what do you make of socialism? what do you think? >> i don't have a comment on that. i will piggyback on what brandon is saying. the reason why i walked away over three years ago and joined the green party as an independent, i knew jill stein

wasn't going to win. i actually learned more about the electoral college and populism through that experience. i was put on blast with susan sarandon and rosario dawson at the time. now rosario dawson is supporting cory booker in personal ways. in terms of socialism, martin luther king was a democrat socialist. he pushed that. i think, really going back to his really foundation is looking for justice. that's all everybody really, really wants. they want to be able to have liberty, justice and pursuit of happiness. that's something that's in our constitution, that's something as a veteran, former veteran, that i stand by. like i said, i'm a liberator. i don't like oppression. i don't like bullies. what i have been seeing from anyone, socialism or anyone who has overruling power has an opportunity to abuse their power, that's a problem. that's not part of the republic we are all supporting. now that we are here, we all came here on different boats but now we are in the same boat and have to figure out how to stay afloat. stuart: well said. isaiah, brandon, thank you very

much for joining us this morning. all good stuff. if you're not careful, you'll be back. see you soon. thank you, gentlemen. i always make this promise at this stage of the show. there will be more "varney" after this. 2,000 fence posts. 900 acres. 48 bales. all before lunch, . . . .

stuart: ladies and gentlemen, left-hand side of your screen and what you can hear, that's paris. it is may day, a traditional day of socialist protests if not a socialist day off. as you can see it's turned violent in paris. we've seen smoke bombs. we've seen tear gas. we see those, the riot police going towards now the demonstrators. liz: six straight months of

this. stuart: right-hand side of your screen. that is caracas venezuela, mass demonstrations planned for today. they're assembling as we speak. could this be the endgame for the maduro regime. we'll see, following this on fox business throughout the day. my time's up. neil it's yours. neil: thank you, stuart. bill barr testimony is continuing, we've been showing this in the lower right-hand portion of the screen what is going on with apple stock the big issue it is buying back $100 billion worth of its stock. no company bought that amount of stock in one fell swoop. it will not happen in a day, between that, hiking its dividend, it is propelling interest in the entire sector. now a lot of this should be and is properly focused and runup is properly focused on apple but this dividend play, apple is