numbers were weaker than expected, up 47 points. i don't know, your guess on what the next couple of months looks like? >> they are betting on the federal reserve magic pixie dust. now you have some traders betting three rate cuts this year, july, september, december. maria: that is crazy. have a great weekend. thanks, everybody. great all-star panel. ashley webster in for stuart this morning. ashley: good morning, maria. we could all use some pixie dust. i'm ashley webster. stuart is off today but never fear, he will be back on monday. here is the big story. as you know, the may jobs report just out. it shows employers adding 75,000 jobs last month. that is well below expectations. average hourly earnings up 3.1% year over year. how is this all playing out on the market? it's all a bit up and down, isn't it? so far we are still on the upside on the premarket numbers, the dow, s&p and nasdaq, as you can see, modestly higher, up about a quarter of a percent or thereabouts. we also have news on the

border. first, president trump reportedly planning to declare a national emergency in order to implement his tariffs on mexico. also, mexico now offering to deploy 6,000 troops to its southern border to try and stem the flow of migrants coming into this country. and a potential deal with mexico could give the u.s. more leeway to deport central americans seeking asylum. as of now, though, the tariffs are still scheduled to go in effect on monday starting with 5%. meanwhile, take a look at the stock of the day. beyond meat. seems like we talk about this every day. it's going to be up big after its first earnings report since going public. sales up 215% and by the way, they expect business to double in the next year. remarkable. we've got a lot to get to this morning including the president ripping into speaker nancy pelosi. you will hear that in just a bit. "varney & company" begins right now.

ashley: happening this hour, president trump will be leaving ireland and heading back to the white house, wrapping up a week-long visit to europe. if the president speaks to reporters, sometimes he does, as you know, before getting aboard air force one, you will see it here. we are monitoring that, of course. meanwhile, let's get back to that may jobs report. let's bring in james freeman with the "wall street journal" editorial board. welcome. a big miss. we were hoping for about 185,000. we got 75. is this a case of the markets, it's kind of hard to gauge market reaction right now, but is this a case of bad news is good news because it gives more impetus to the fed? >> i think that is the way to look at this reaction. people expecting they may get a rate cut as soon as this month and getting stronger in that conviction. this was obviously a downer, a big miss, as you said, and with the revisions to previous months

but this is not a sick economy. so you look at the numbers, it's still wages rising, wages rising faster than inflation and some of this is the kind of dilemma we have had looking at these numbers, or the challenge all along in this era is that companies don't want to hire or can they just not find the workers. i think if you drill down into some of the categories, i look at construction in particular, according to many measures, this has been a very, very tight labor market. so that low hiring number may be partially just companies wanted to bring people in but couldn't find -- ashley: couldn't find qualified workers. there was a stat i saw the other day, 60,000 electricians, there's a shortfall. they just can't find the people to fill them which brings the argument to trade schools, so on and so on. how does this all play in? now, let's get to the mexico tariffs issue. pressure being put on mexico. maybe a sign of help now, the troops going to mexico's southern border with guatemala.

also perhaps the u.s. being able to push back asylum seekers and keeping them south of the border. as the economy seems to be slowing down, it would appear to me that it's in the interest of this administration to get this thing sorted and quickly. >> i think these are two big messages urging the president not to go forward with the mexico tariffs. one is this jobs number. much weaker than expected. the second is the mexican government has responded. i would say the mexican government is the most reasonable of its negotiating parties right now, much more reasonable than china or chuck schumer and nancy pelosi and congress. ashley: they reacted pretty quickly. >> they said we are putting troops to the border, they ramped up apprehensions. they have said okay, we will talk about keeping more asylum seekers in mexico while their cases are being adjudicated. you know, they did the usmca deal which is basically largely what he wanted from mexico, they

gave him so i think they have earned -- also, this is a good neighbor compared to china with its intellectual property theft. i think the mexicans have really tried to meet the president here and he should take yes for an answer from them. ashley: do we not impose tariffs come monday? are you confident something could be sorted out? >> i hope not. you see even vice president mike pence has said the mexicans are being serious, they are trying to work this out, they have put some interesting proposals on the table. who knows what the president's going to do but i think he has every reason to hold off here with an economy not quite as good as we thought, and a partner in negotiating who seems to want to help. ashley: we will follow it. thanks so much. appreciate it. by the way, the hill reporting that president trump planned to declare a national emergency to impose tariffs on mexico and from fox news, this. isis reportedly plotting to send westerners to the united states through the mexican border. joining us now, brad blakeman,

former deputy assistant to george w. bush. brad, good friday morning to you. should the president be declaring a national emergency to impose these tariffs? is that a correct move in your mind? >> i think it is. the president has to use maximum pressure and the number one obligation of this president is to protect our country. the number one job of government is to prevent harm, not merely respond to it. we have an invasion at our border, up to now 130,000 undocumented aliens are teeming across our border. the border patrol is being overwhelmed, social services. we cannot handle this. mexicans are complicit and it's about time that they stepped up to the plate and were a good neighbor to us. forget trading partners. but for the president's tough talk and rhetoric and policy, mexico would not have put 6,000 additional troops on their border. so he's doing the right thing. ashley: we need to get your comments on this issue. congresswoman ilhan omar

slamming i.c.e. in a tweet, saying quote, i.c.e. is requesting 500 beds from sherman county to detain immigrants. it is un-american to criminalize immigrants for wanting to come to this country for a better life. this is why i.c.e. needs to be defunded. your reaction to that? >> outrageous. these are the same type of democrats, progressive democrats who pick and choose the laws they seek to obey. they are destroying our society. and remember in america, we don't pick and choose the laws we want to obey. we are obligated to defend all our laws and obey our laws. they also say another thing. nobody is above the law. that's their latest mantra. apparently there are people who are above the law. those people who are not even part of our country. ashley: yeah, and let's not forget the word in front of immigrant, illegal. it suggests they are breaking the law, right? >> exactly. and we have to set an example

that a sovereign country is only as sovereign as we are to control our borders. ashley: couldn't agree more. brad blakeman, thank you so much for joining us this morning. appreciate it. thank you. now this story. interesting, global auto makers warning president trump on emissions. what they said was interesting. susan: it's also their own making. they lobbied trump, president trump and the white house, to roll back some of these tougher obama era emissions cuts. 17 car makers, including general motors, ford, toyota and the like, sending a letter to president trump saying you know, let's try to negotiate with california and those that do want to still enact the obama era emissions standards, and they say we encourage both the federal government and california to resume discussions to remain open to regulatory adjustment and to also provide the flexibility needed to meet future environmental goals in response to consumer needs. now, basically, trump wants to roll back what obama wanted to enact which is to basically, you

know, i guess increase the mileage per gallon. so obama wanted to get that by the year 2025 to 54 1/2 miles per gallon, whereas president trump wanted to keep it at just 37 miles per gallon but california has their own rules, they can enact their own standards for car makers. bifurcated market would make it really instable, unprofitable for big car makers. ashley: would end up costing them more money. susan: and also jobs. auto jobs. ashley: very true. interesting. thanks, susan. let's take a look at the price of oil, if we can. oil up just a fraction, up about 20 odd cents at $52.81, good for about half a percent. oil as you know dropped below $52 yesterday. we have got a lot of it in supply and of course, the global economy is slowing down, also takes down the demand on oil. up slightly today. take a look at gas prices. national average now at $2.77. the good news is we are down seven days straight. just maybe we will get some relief at the pumps.

let's take a look at the futures before we open up wall street in about 20 minutes from now. we have had the jobs report, wasn't great, but the dow still showing a gain of 63 points. the s&p and nasdaq also showing gains of a third to half a percent. we shall see. a new study shows some of the most popular mobile apps in the country are actually putting your data at risk. coming up, we've got the company that did the study. you will not believe the numbers. very disturbing. stephen moore told us art laffer, he would be the perfect person to replace white house economic adviser kevin hassett. coming up in the next hour, we've got mr. laffer. does he want the job? guess what? we are going to ask him. also, president trump not holding back when it comes to his feelings for speaker pelosi. he absolutely ripped into her. we've got the sound next. "varney & company" just getting going. we'll be right back. patients that i see that complain about dry mouth,

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ashley: interesting video for you. close call between a navy warship and a russian destroyer. what happened here? deirdre: it happened in the philippines sea, spanning taiwan, the philippines. it came within 50 feet. look at that astonishing video. what happened is the u.s. says they were trying to land and positioning for one of its helicopters when the russian ship maneuvered from behind and then moved to the right and then accelerated and closed in. ashley: came up right alongside. deirdre: came within 50 feet. they could practically talk to each other. the u.s. cruiser had to put in action to execute all engines in reverse so they nearly collided. the u.s. is saying it acted dangerously and russia is putting out propaganda blaming the u.s. for this so there is

now another fight. this is the second time, according to lucas thomas, second time in three days russian craft has come dangerously close -- ashley: it's not just in the sea, it's in the air as well, right? liz: russian vehicles, if you like, have been shadowing, have been shadowing u.s. craft for some time. ashley: harassing, it seems. interesting. thank you. speaker of the house nancy pelosi telling fellow democrats that guess what, she wants to see president trump in prison. and president trump firing back, as you can imagine. roll tape. >> i think she's a disgrace. i actually don't think she's a talented person. i've tried to be nice to her because i would have liked to have gotten some deals done. she's incapable of doing deals. she's a nasty, vindictive, horrible person. ashley: there you have it. that's the president's response. joining us now, our good friend herman cain. good to see you this morning, herman. the president had strong words for the speaker there, as you

could see. was he out of line? >> no. he was not out of line. they haven't gotten anything done since democrats took control of the house of representatives. secondly, she has done everything to try and obstruct this president and she is totally in denial. let me give you the biggest example. look, i wouldn't -- i don't agree with name calling. i try to stay away from it because i have been called a lot of names. but in this case, how else is he going to be able to get his words replayed if he doesn't say something even more outrageous than she? a crisis is a crisis and she and the democrats are totally in denial. so that is the disgrace. because they don't want to do anything to fix the problem because it might make it look like president trump is showing leadership which he is. ashley: i hate to say this but i think -- not hate, that's a

strong word, but bill de blasio, the new york mayor, said listen, the democrats have to get away from this stuff and start focusing on the issues that matter to people. health care, education, so on. i have to agree with him but as long as the democrats stay on this path, surely that plays into the president's hand in 2020. >> i believe so. here's why. i travel a lot as you know. all of the trump supporters, none of them are defecting. you have a lot of people that were in the middle who are moving to the trump side for 2020. so if the democrats stay on this path in terms of all of this nasty, negative stuff that they're talking about, impeachment, the president going to jail, neither of which is going to happen, yes, i think they are going to drive a lot of independents to the trump side and worse, and even worse for democrats, a lot of democrats are going to simply stay home. ashley: very quickly, we are out

of time. about the jobs report, a big issue for employers these days, there's just not enough qualified people out there so these jobs go unfilled. how would you address that? >> i would address that by having internally, if i was still running a big company, internally you need to have some job training courses. you need to have some job training activities going on inside your company. that's not going to go away. a lot of people are reluctant to go find a new job because they don't know how to find a new job, and they don't know how to improve their skills. i would focus on retraining massively. that's what employers need to do. ashley: very good. have to leave it there. herman cain, thank you so much for joining us on this friday. >> thank you. ashley: thank you. all right. let's take a look at the futures. we are about 11 minutes or so away from the opening. little more upward momentum. the dow up 71 points in the premarket, s&p and nasdaq also up a third to half a percent. as we know, unemployment remains very low but one job

apparently doesn't cut it anymore. wait until you hear how many people are working a side job in addition to their regular gig. also, protesters storming the stage during a speech by amazon's jeff bezos. we will tell you how mr. bezos responded. so with a nationwide annuity, you can get protected monthly income for the rest of your life. that's what i'm talking about. how about those song lyrics? what song lyrics? tell him again. tell him again. repeat it. yeah, same thing. (advisor) so with a nationwide annuity, you can get protected... ifor another 150 years. the fire going ♪ to inspire confidence through style. ♪ i'm working to make connections of a different kind. ♪ i'm working for beauty that begins with nature.

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ashley: guess what? plenty of millenials say they are actually working a side job in addition to their day job. the question is, how many of those folks are doing that? lauren: it's been a crazy story. you have a full-time job and then you're working an additional job. 49% of millenials are doing that. ashley: 49%? lauren: according to bankrate, 49%. the question is why and how much are they making. on average, $13,000 a year extra. here's the why for you. they were scarred by the great recession. they saw their parents struggle and they worry they don't have enough money for retirement so that's a good sign. we always say they're lazy. how lazy are they? they are doing this double gig thing to save for their golden years. another reason, as we look at wages and yes, they grew 3.1% year over year but there's this worry they are not growing fast enough and that expenses ov overtake income. that's a worry. finally, it's easy to do a side

gig because of smartphones. you can drive for uber, you can somehow morph a hobby into some sort of side job. the nine to five is done for this generation. it's more like nine to nine. ashley: also maybe having a lot of student debt and they are just trying to knock it down as quickly as they can. lauren: we are quick to criticize millenials for being lazy. ashley: not me, but others. lauren: look how long their days are. ashley: 49%. amazing. lauren: the number is high for most americans, but not that high. ashley: very interesting. all right. let's look at the futures for you before we get under way on wall street. we are pointing slightly higher. we have been -- we are up 68 points right now on the dow after, let's face it an underwhelming jobs report. we were looking at 185, so a big miss. the s&p and nasdaq also pointing slightly higher. is this because bad news is good news? does this help the fed go ahead and make a rate cut in june maybe? maybe at some point in the near

future? we will ask our market analyst that question. meanwhile, we will open up higher on the markets. we'll be right back. let me ask you something. can the past help you write the future? can you feel calm in the eye of a storm? can you do more with less?

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liz: happened yesterday. this was at amazon's, you know, artificial intelligence and robotics conference. jeff bezos was giving -- about to give a keynote address and here's what happened. watch this footage. >> you're the richest man on the planet. [ inaudible ]. >> do you have a response to that? ashley: so they're laughing it off. liz: that was bezos laughing it off. this is direct action everywhere. they are an animal welfare group, trying to raise awareness about whole foods and amazon's chicken suppliers. they say there are animal abuses happening at places like the state of california where they have footage, this group says, of sick and starving birds and also, it's a brand reputation issue not only for that, for animal cruelty which is an issue

in this country, but it also has to do with this. they say amazon, whole foods are buying chickens from companies that claim to have free range chickens but the chickens are never seen outside the animal plants or factories. this is an issue for amazon. ashley: it is indeed. thank you. there you have it, the market is off and running on this friday. been a great week for the markets. in fact, i think you will look at the dow and s&p looking to have their best week since november 30th of last year. the dow up 905 points this week after what has been a pretty tough time prior to that. there you have it. lot of green on the screen among the dow 30, just a few in the red, one unchanged. certainly pointing higher, up 83 points on the dow. just looking, let's take a look at the s&p if we can. up as we said in premarket. that holds true, up about 11 points at 2854 on the s&p. good for about .4% gain. meanwhile, take a look at the

nasdaq. nasdaq hasn't seen the same gains this week as the dow and s&p, up about 2% this week, but it's up higher again today, up 35 points, up about half a percent on the nasdaq at 7,650. take a look at the ten-year yield, if we can. remarkable. 2.06%. i believe that's a 21-month low. so the ten-year treasury yield again sinking. take a look at gold. we have seen a little more movement in gold recently, up another five bucks again at $1347 for gold. take a look at oil. oil also has been on the downward trek but just up slightly this morning, 13 cents on oil at $52.72 a barrel, about a quarter of a percent gain. all right. who's here on a lovely friday to talk about it? john layfield, who is already on the beach out in bermuda or ba ham hbah

bah bahamas or bermuda or wherever, susan li, jonathan hoenig. we begin with the jobs report. is there anything in there we could at least grab on to, a bright light, perhaps? >> one trend -- one number does not a trend make. we are seeing what we think looks like a global slowdown. we are seeing, take a half percent off gdp growth if this trade war continues to go on, you are looking at gdp projections which were wrong in the first quarter at 1.5% for our country. i think we are seeing -- to me, there wasn't anything that was good in this number but there wasn't anything that was that bad, either. retail jobs numbers were down about 76,000. if someone gets a job as a delivery person, that goes into transportation. we have full employment, still have some wage growth and still have 7.5 million job openings. ashley: that's true. to that point, we have a lot of

job openings. there's just a lack of skilled workers to fill them. how much does that play into this? >> from an investment perspective, if you cut right down to it, i think it requires caution. look, we as investors can't solve the job issues. we have to talk about what we are doing with our portfolios and what worries me is not as john alluded to, one bad jobs number, but the whole idea, the breadth of stocks has been extremely negative. we have seen the yields now plunging to a 20-month low, that indicates very often a recession is imminent. you have seen the dollar start to drop and gold start to pop. the average investor, what happens next with this or that sector, that's difficult. i just think now is the time for caution despite what has been a great week for stocks. ashley: it has. susan: we are still above 3%, right, above the 2018 average so workers are still getting paid. i think this also boosts up the probability of an interest rate cut by the fed. 25% for the month of june later

on this month, the probability has now shot up. it was 69% for july and of course, 90% for the whole year that we will get at least one cut. i think the thinking is probably more than one. ashley: we know the fed chair has the market's back. so that -- susan: the market jumped 900 points. ashley: exactly. bad news is good news. we are in that kind of scenario. liz: to susan's point, it's a good one that richard clarida just said, we are coming into the current economic expansion about to be the longest in u.s. history since records started being kept since 1850, that's next month. i'm not sure this will jeopardize that. that's way out into -- in other words, the market is still looking like it's pricing this in. we are up triple digits. ashley: again up 113 on the dow. remarkable. after a jobs report that missed, then the previous months revised down and we lost another 75,000 jobs on revisions. let's move on. beyond meat surging after a rosy

forecast. jonathan, did you buy this after the ipo? >> i didn't buy it. look, you've got meat. why would you want to go beyond meat? meat is perfect as it is. you're not having good enough meat if you want to go beyond. you have a really good steak or anything. this is a momentum stock here. what it reminds me of is very much the early days of the internet stocks in the mid 1990s. if you wanted internet exposure back then, it was just a few ideas to invest. this is the same thing. great idea, very restricted flow and only one publicly traded idea in this beyond meat sector. that's why the stock is so high. susan: we are up 300% and this is a company that ipo'ed when they weren't making money. they will actually be profitable in the next few years even at least for 2019, doubling their revenue. this is a huge growth story. i think it's worth buying into. liz: it's not just a momentum story. is that what you are saying? the trend is here? that's what you mean, right? susan: i think so. look, beyond meat has 2.1% of

the meatless market, as we will call it, which is expected to double, actually grow ten times over the next ten years. i think that's a big opportunity. ashley: quickly, john layfield, you strike me as kind of a steak and potatoes kind of guy. do you like meatless products? >> i am way to carnivorous. i agree with jonathan in most part because this is a 5.1 billion valuation. they're not making money yet. this is a great company, a great product but right now the valuation is out of hand. >> there are no barriers to entry. ultimately that was the thing with internet stocks, we found out that every company is an internet company. the vauluations ultimately came down. ashley: let's take a look at walmart. starting to deliver groceries right into your fridge. susan: creepy. ashley: who is going to let someone into your house to drop off your groceries?

susan: they are starting in kansas city, pittsburgh, vero beach will be the first to offer this. these delivery personnel, they will have strapped-on body cameras when they go into your home to put your eggs, milk and whatnot into your fridge. don't forget, walmart is the largest grocery retailer, believe it or not, and yes, online purchases only make up right now 5% for the $1 billion grocery market. >> do you really need that? are we that lazy? liz: it's service. walmart is going to give the shopper biographies of the delivery guy to alleviate their fear. >> you are completely missing the idea here. this is a play on the aging population here. you guys are all young and virile. a lot of older people can't schlep groceries, it's difficult for them to reach up. this is a great value-added service. of course walmart will take precautions to make sure

everyone is vetted. companies aren't successful -- walmart is not, you know, woolworth's. they have succeeded by being good managers. this is upping the ante. ashley: john layfield, would you allow a delivery person into your mansion? susan: in bermuda? >> absolutely not. i said before we just got rocky 2 at the local movie theater. we are behind the times. we don't have delivery anywhere here. i love walmart. i bought walmart stock a few years ago because of same day delivery. they pioneered one-hour delivery in a lot of asian cities. they already have distribution centers in every major midlevel city and up in north america compared to amazon who has to build those. i think their delivery is going to be a huge part of their dot-com strategy. liz: this isn't going to work. ashley: probably not. we'll see. maybe jonathan's right. maybe the aging population will think about it. >> you could have said the same thing about uber and lyft. who's going to get into a car

with a stranger. liz: that is an issue, too. people are having problems with that, too. letting somebody in your home -- ashley: i just want to point out since we have been talking about meatless food and people coming into your house and stocking up the fridge, the big board is up 162 points. how about that. i think we are over the 1,000 point gain on the dow this week. we are at 25,887 for everyone listening on radio on the dow. we are good for over half a percent gain on the dow already and we are nine minutes in. after such a down period, all the wringing of hands prior to this week. a look at the big tech names we like to check every day. green arrows, apple up about 1%. same story for amazon, facebook up a percentage and a half, up to $170. alphabet gaining some ground back, up six bucks. microsoft, stuart, you're smiling now, up 1.5% at $129.

by the way, watch out, netflix. the "journal" reporting that at & t is looking at a $16 to $17 a month streaming service. could this prompt more people to cut the cord? susan: they already are cutting the cord. ashley: that price point. susan: the price point is expensive. look at disney, at $6.99, $7.99. i would rather go to disney and watch more "star wars" than pay $17 for the warner brothers franchise. having said that, i'm more of a "star wars" fan. ashley: now the secret is out. susan: personal taste. >> whenat a golden age of media content this is. unbelievable. i remember the rabbit ears. you watched test patterns because there was nothing else on. now there's infinite -- ashley: susan li, what the heck is that. >> the consumer is the one who is benefiting from this free and

open market once again. ashley: i remember in the early days in the uk we had three channels, bbc1, bbc2, i-tv. rabbit ears, tinfoil, if you stood on one ear and pointed north, you might be able to get it. >> you liked it. you loved it. ashley: i look back fondly, kind of. the dow is up 175. well played, everybody. john, jonathan, thank you so much for joining us. team, great stuff. now this. coming up next hour, we've got a really cool guest. it's the company that builds suits that help paralyzed people walk. now they have a new suit for stroke survivors. we are going to see exactly how it works right here in the studio. also next hour, white house economic adviser kevin hassett. we will ask him about that jobs report, of course, tariffs and whether art laffer really should be the guy who replaces him. and the u.s. chamber of commerce threatening now to sue the white house if tariffs on mexico go into effect. a top official from the chamber will join us.

i want to know what their solution is. we'll be right back. can't see what it is yet.re? what is that? that's a blazer? that's a chevy blazer? aww, this is dope. this thing is beautiful. i love the lights. oh man, it's got a mean face on it. it looks like a piece of candy. look at the interior. this is nice. this is my sexy mom car. i would feel like a cool dad. it's just really chic. i love this thing. it's gorgeous. i would pull up in this in a heartbeat. i want one of these.

that is sharp. the all-new chevy blazer. speaks for itself. i don't know who they got to design this but give them a cookie and a star.

ashley: well, let's check the big board as we continue to take a look, it continues to go up. maybe we should just continue to do it. it's up 182 points now, 25,903 on the dow. just less than 100 points now from 26,000. it's been a heck of a week for the dow that's gained more than 1,000 points. s&p also up more than 3%. nasdaq up more than 2%. question is, will it continue through the rest of the trading day. we shall see. now this. negotiations between mexico and the u.s. have resumed this morning. edward lawrence live at the

white house. edward, what is the latest? reporter: yeah. i can tell you a little bit of breaking news just within the last few minutes or so. the chief of staff for the vice president told us that the president could delay those tariffs going into effect on monday if he sees enough progress in these talks that are happening. mark short went on to say that there were two suggestions offered by the vice president and secretary of state to mexico yesterday, which they have accepted those two suggestions going forward. today, as these talks have continued. that is a positive sign in these talks but again, he's saying the notice to impose these tariffs will be put in officially today. however, over the weekend, he does reiterate the president could decide that there's enough in a conversation between the two countries to delay that monday imposition of tariffs. we'll have to wait and see what happens. back to you. ashley: perhaps a glimmer of hope. edward, thank you very much. staying on trade, the united states chamber of commerce threatening to sue the trump administration over the mexico tariffs. guess what? joining us, neil bradley with

the u.s. chamber of commerce. neil, thanks for joining us. you have said that you are exploring all options, including legal action. why would you do that? >> well, for the very reason the impact these tariffs would have on the economy and businesses across america and consumers across america. listen, we just got the jobs report this morning, disappointing but it confirms what a lost us hat of us have s, we have a deceleration in growth. when you have softness in the economy, policy mistakes and tariffs are a huge policy mistake, end up hurting and pushing us into a direction in the economy that we don't want to go. we are urging the administration not to proceed with these tariffs. your reporter just gave us a bit of good news there. i hope they are delayed. but honestly, i hope they are taken off the table. ashley: do you feel the same way about the tariffs being imposed on chinese products or is this just an issue with mexico? >> i think the difference with mexico is we have a migration

problem. it's a crisis on the southern border, but imposing tariffs on consumers and businesses won't do anything to affect that migration problem. we have legitimate trade differences with china. the administration, president trump deserves credit for going after what are long-standing imbalances in the chinese relationship, but here, with mexico, tariffs are not a solution. ashley: that begs the obvious question, what is the solution, because everything up to now has not worked and to your point, it's a crisis, a national emergency with a surge of migrants unseen before heading to the border, getting across the border. what's your solution? >> it's a complicated problem but it involves doing things with mexico. mexico is also suffering over this crisis at the border. these are individuals who are crossing into their country and moving up through it. so we need to work in partnership with them both to secure our southern border and their southern border with guatemala, and ultimately we

have to take steps to address the problems in the northern triangle. the root cause of this is the violence and the economic despair in those countries. we should be working with mexico and other allies to help address that problem, not weakening our economy and the mexican economy. ashley: nothing has worked so far. maybe this threat of tariffs, maybe, will enable mexico to take some further steps because they haven't been able to stop the flow of migrants. neil, thank you so much for joining us. really appreciate it. >> thanks for having me. ashley: let's check the dow 30 stocks, if we can. it's a big morning. we are up nicely. look at that, a lot of green. 27, 26, almost 27, 26 stocks in the green, just four in the red. jpmorgan, the laggard. some of the most popular mobile apps in the country could be putting your personal data at risk. coming up next, we've got the company who studied the issue and the results are really not good. we'll explain. truecar is great for finding new cars.

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ashley: take a look at the big board. okay, we're up 170 points right now. dow at 25,894. it's been a great week for the dow and the major markets. take a look at bookseller ba barnes & noble. it's being markbought by elliot

management. the stock up 64 cents. green bay packers quarterback aaron rodgers expanding into high finance. what the heck? susan: he's the highest paid nfl player, right, so he signed a four-year extension last year which could be worth $180 million over the next four years. last year he was paid $76 million. basically what he's doing is starting up a $50 million venture capital fund with two other vest investors and the thg is let's make some money off the salary and he's being presented with a lot of investment opportunities. also invested in this fund will be his girlfriend, the former nascar driver danica patrick. they are looking to support influencers in the sports and entertainment world and become stake holders in the long term brand development, they say. athletes do get into venture funds. for instance, a lot of the golden state warriors are being presented with a lot of silicon valley opportunities and if you are an athlete that has very small number of years of making

big bucks, might as well take advantage of it. ashley: dairy products, lot of cheese for mr. packer. interesting stuff. thank you, susan. attention, smartphone users. according to a new study, the chance of data leaks in popular mobile apps is very high. that's great news, isn't it. joining us is alan snyder with now secure, he's the ceo. they conducted this study. welcome. let me throw out some numbers that you found, which i found very disturbing. 80% of retail, online retail mobile apps, are leaking sensitive data. of the 26 most popular online retail apps tested, 92% were leaking data. this is another one. 50% of financial insurance are leaking sensitive data. the obvious question is, which is the most egregious, can you give me company names? facebook, amazon, spotify, you name it. >> yes. first off, i would say what we did, because privacy has become a big issue, we wanted to go look at this so we actually

looked at the top 250 apps in the android app store. this is what we are talking, specifically android. i can give you a specific example. we looked at kohl's department store and they were leaking some personal information. to kohl's credit, when we did the disclosure, they quickly went and remediated, fixed it, probably took them a matter of several days to a week to go do it. that's very important to us, to a, raise the awareness of this issue so that it can get fixed. ashley: so the question is, what does the consumer do? these are very high percentages of these apps we all use every day are leaking data that we didn't realize, so what's the answer? how can you combat it? >> so in our view -- ashley: other than not using the apps. >> we know that's not going to happen. everybody is dependent on mobile apps. first thing is awareness. what data are you putting into those apps. the fact that we found that 70% are leaking, okay, there's a high probability you have an app that is indeed leaking your information. so first you need to understand that. then for those that really matter to you, the apps that

matter, you should contact the developer and ask what they're doing to make sure it's secure. on the flipside -- we want to raise this awareness -- these are easy problems to solve. ashley: so why aren't they doing it? do they not just realize? >> that's exactly it, the awareness piece. they are not difficult problems to solve. what we see is many of these developers are still putting their security efforts in kind of let's just say the systems of yesterday as opposed to the mobile apps of today. liz: forgive me, what kind of data are they leaking and who are they leaking to? >> excellent question. personal information, it could be as innocuous as your location, where are you, everything to your user i.d. and password or device identifier. in essence, something that would identify you personally that i can tell. then where are they leaking it? sometimes again, it's leaked on the device so it's left on the device. that's a little bit harder,

because you have the device to compromise it but sometimes it's over the air. when it's leaked over the air, now if i'm around you on the same network i can get your info. ashley: expectation of privacy is gone, in my opinion. thank you so much for being here. interesting stuff. more "varney," hour two next.

. .

ashley: stuart is off today. here is the may jobs report. 75,000 jobs added last month. it missed estimates by a mile. we'll have president trump's top economist kevin hassett coming up to tell us what this means for the economy. we'll ask mr. hassett about the his potential replacement. steve moore, said, guess what, art laffer would be a great fit for the job. is he up for that challenge? we'll ask him. laffer will be with us also later in the hour. we'll see if he wants the gig. president trump reportedly planning to declare a national

emergency in order to implement his mexico tariffs. at the same time mexico offering to deploy 6,000 troops to its southern border to stop flow of migrants making their way into our country. 17 automakers sending a letter to president trump urging him not to go through with his plan to lower emissions standards in the u.s. let's take a big check of the board here. up 212 on the dow. it is a strong week for the markets. the dow at 25,930, just 70 points from getting back to 26,000. let's get straight to it, why don't we? the economy adding 75,000 jobs in may, missed the estimates. let's bring in kevin hassett, white house council of economic advisors chairman. >> great to be here, ashley. ashley: bottom line, disappointing jobs report, right? >> it was a little bit below expectation. half the story i haven't seen discussed much on the news channels.

there are all ports that are closed, i 29 was closed. to construction and transportation and warehousing employment was down 40,000 well riff to what would happen if the weather was normal. it is still a little blip of down. we think we got 3% year. the rest of the data are looking pretty strong. ashley: kevin, "the hill" is reporting that the president is planning to call a national emergency to impose tariffs on mexico. if this thing drags on, what impact does that have on the economy? >> let's talk about where we are with that, before we move onto that, just the president's flying back from europe. the secretary pompeo has been meeting with the mexican foreign minister. they have been negotiating the solution to the border crisis in mexico, mexico's contribution to it. they have, i have been reported to be, they made a lot of progress. when the president lands basically the with state of affairs that the president will make a decision about the judgment about next steps.

there has been a lot of positive movement. the president will be presented with a lot of facts when he lands today. this will be relatively quickly moving. hopefully the border security issue which is the president's top priority is resolved threw these measures. that the president agrees that they have accepted some terms that will work. but if he doesn't, then the tariffs will go into effect. then at that point, i can discuss it now, at that point, tariffs would have to be discussed. 5% tariffs, that is something that is, something that the markets could i think react to relatively quickly. we've already seen currency movements in response to the risk of that. ashley: right. you're a devout free trader, kevin. did you get a chance to whisper in the president's ear, i don't know, mr. president, terrorists not really the way to go? did you get a chance to say that? >> i can't talk about my frank advice to the president but we remain very good friends. we don't agree about everything but i always support the team's decisions. i do my job on the inside as

well. ashley: i'm sure you do, that said you're leaving at the end of the month. your two-year stint, a person in your position, two years is just about right. >> that's right. ashley: you're leaving a post at the white house. listen to what stephen moore said about your possible replacement if you can? roll tape. >> i will throw out another name for you if i may. are you ready for this one, stuart? ashley: i am. >> a regular on your show and he is going to win the presidential medal of freedom, but how about arthur laffer as the president's chairman of the council of economic advisors? ashley: what do you say, kevin? art laffer, the laffer curve. he is, if anyone knows about the economy and free trade is mr. laffer. what do you say? >> art is a very close friend of the president, a very close friend of mine, and i can't comment on my replacement. the president did tweet he will announce it pretty much as soon as he gets back. i can say art's national hero.

that is why he is getting the presidential medal of freedom. ashley: let me ask you this question, what is the best piece of advice you give to the person that replaces you? >> for every cea chair, i talk to pretty much everybody, austan goolsbee, at the beginning when you get in, hard part creating demand for your product. a lot of time political guys want to make decisions without input of economists. you have to weed dell your way in there. i always talk about making sure cea is represented at table. austan said, the other thing to know when to be out of town. ashley: always good advice. by the way kevin, on left-hand side of the screen, we're seeing air force one on the tarmac in shannon, ireland. the president gotten on board, to your point. when he gets to the other end, mid-flight, he will know where we stand with mexico. maybe we have more words later in the day before the tariffs are scheduled to go into effect

on monday. one last one for you, kevin, 17 automakers, i find it fascinating sent a letter to mr. trump asking him to stand down on his plans to lower emissions standards. i find that interesting. >> yeah. that is not, that is not in my lane. i apologize, i have not studied up on emission standards. ashley: that's right. i thought that was interesting. let's get back to where we began on the jobs report. wages up 3.3 over a year. the biggest time, kevin, there are a lot of problem is that a lot of jobs remain unfilled, seven million. for small businesses there is not enough qualified workers out there to fill these jobs. how do you address that. >> right. that is something that everybody expected would happen. in fact, if you go back and look, the cbo, when the president took office expected job growth this year would be 43,000 a month because they said it wouldn't be possible to really match people once you got

to full employment to jobs. i think perhaps like a nice place to end the jobs conversation which is think about how strong the trump economy is that we've got a number today that is about double what the cbo thought would happen this year when he was taking office. people are disappointed. ashley: right. >> that is a pretty good metric of a strong economy. ashley: aren't tariffs hurting, kevin, that the chinese trade, talks that drag on and on? >> well i mean if you think about it, the mexican thing began really in june. so the may number would not be affected. but may chinese talks hit a roadblock but seems implowsable that people were so optimistic about a chinese deal before the roadblock hit that there would be a massive economic effect. i don't i think there will be economic literature that the may number was influenced about one event. ashley: no matter what i throw at you do it with smile and

grace. >> thank you. ashley: good luck where life takes you next. back to your family. kevin, thank you so much. now this, uber will start promoting uber eats service in the ride-sharing app. i don't know if you try uber eats, it's a separate app from uber. ashley: have you used it? susan: for my mcdonald's french fries. uber eats will be in the ride-hailing app. you don't have to shift apps. we'll speak to the president of uber eats on this program. this is big part of uber's growth. $10 billion in food delivery, and $20 billion as a stand-alone company on its own. ashley: someone said we're that

lazy? susan: yes, we are. ashley: walmart bringing food, put it in our fridge so why not. liz: i want my uber eats in my fridge. ashley: that is the next service coming. susan: above the ipo price. we had a bit of a comeback. ashley: as you know we heard from kevin hassett on economist art laffer replacing him. coming up the man himself, art laffer we'll hear what mr. laffer says about all of this. new poll shows president trump losing popularity in texas. the plan with the plan, mark lottery, trump 2020 strategic director. what does he have to say? he is coming up. remember this, the miracle suit that helps stroke survivors walk. ceo of rewalk is back here in the studio to tell us what they have come up with now. don't miss it. we'll be right back.

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ashley: as we come back, we look at big board, a nice rally on the dow. 25,955 on the dow, just closing in on 26,000, up more than 1000 points on the dow this week, up 3% on the s&p, 2% on the nasdaq. it has been a strong week for the markets after suffering for a while. now this, our next guest is the ceo of rewalk. we had them on the show before to show us their exoskeleton suit. they have gotten fda clearance to sell their soft eco exoskeleton suit. it allows stroke survivors with mobility challenges to walk again. this is remarkable story. let's bring in larry. you got fda approval on tuesday. congratulations on that. explain to me what this does. in particular relation to stroke

victims who sometimes become paralyzed on one side of their body. >> this was built specifically for stroke patients with intent of using the healthy leg to tell the affect the paralyzed leg what to do. it works almost like a marionette, lifting toe and heel, to give them a symmetrical, predictable walking motion. our end goal for patients to relearn how to walk again. it is assistive robot device. ashley: teaching the brain that is broken down the connections are not being made in the brain that we take for granted when we walk, put one foot in the front of the other, what this device can do, is help people, we got example there, that is on the right leg, right there. >> yeah. ashley: you call it the soft suit, compared to the exoskeleton suit, this is obviously different but, that is sending a signal to the brain, is that right? >> no, what it is doing it is making the legwork and the brain is registering it.

ashley: it is telling leg to move each time on it the other leg. >> if you look inside after shoe, he has a little thing goes normal, tennis shoes, whatever you want to wear, there is cable drive like a bicycle. pull the cable, pulls the brake. one lifts the toes. one will lift the heel. on the opposite leg there is a sensor. those two will coordinate to give you predictable motion, you have good symmetry, walking speed and distance. ashley: that is amazing. ultimately the goal to retrain the body so this is no longer needed, that can happen, right? how quickly? >> rehab centers will vary greatly by patient but what we're trying to do is improve the motion at the very beginning, we're showing increased walking speeds, better symmetry, better distances. long term, this is for clinics the united states. for a business model it is very

different and favorable but we also see eventually we have will have a version. it will tell the lab future data. that is future product. ashley: how much are we looking at? >> it has a list price of 28,900. ashley: okay. >> model will sell it out right, we'll have a lease $1130 or so a month. the key is, you can use this on many patients a day. 40 patients or so a week. a measurement here, they get paid on hourly or 45 minute basis for reimbursement. there is enough, the gate training quotes are well established in the united states. for economic model for a center, use one pt, instead of two or three people handling a patient. ashley: benefit there. >> can use it on treadmill. can use it over ground. can use it on large mechanical device holding a patient up. very versatile what it can do. ashley: does insurance cover

this. >> insurance pays for the gate training codes. for centers it will work with them, work right at the beginning. we'll see a lot different up take than we did -- ashley: not wearing this full time? wearing during physical training. >> this device is for physical therapy, sold to the clinics here in new york. ashley: 45 minute sessions? >> correct. ashley: and they take it off. then they come back again, put it back on. so it doesn't matter that effect that you're promoting in walking is not on full time? when you are trying to relearn to walk, what i'm trying to say, it doesn't matter that you're not wearing this full time? >> it doesn't matter. repetition helps. this has unique software features, what enables it. it has the ability to give support, the leg up to 30% assistance. but can also set it on active mode, which is walking, put it on slack mode, walk with it it on, walk with it off. we have a brace mode. you going up the stairs, need

the foot to be stable, you can go up the stair. ashley: wow. >> it is versatile device for the lab to learn all the steps needed for walking. ashley: how much is needed? how many stroke victims, and when they have a stroke affected they can't walk? >> two market we have approval. united states, europe. we got that only the week before. ashley: right. >> good two weeks for us. about 17 million people. ashley: 17 million people? >> correct. ashley: have strokes. >> that could use therapy. ashley: could use therapies like this. what are you working on? you're always working on something? >> we want one you can take home. a stroke device you can use in everyday life. this soft suit technology are long term, using it through the patients with our partnership through the licensed through harvard university is one for multiple sclerosis and parkinson's patients. ashley: thanks for showing us your latest device.

larry, we appreciate it. still to come this hour, he will respond to suggestions that he should be kevin hassett's replacement as president trump's top economist. we'll have a good laugh at that i think. he wants to stay in tennessee for low taxes, that is my guess. former new york city mayor mike bloomberg a lot of money to shut down all coal plants. wait until you hear how much. we'll be right back. ♪ heading into retirement you want to follow your passions rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and

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at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward.

♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. ashley: still hanging on to the triple-digit gain. 200 points. 21 on the upside.

25,931. we're teasing towards the 26,000 level. not bad, a strong week for the markets. zoom extended premarket gains after beating the street. they liked what they saw. that stock is up 20%. $96. zoom is indeed zooming. now this, fifa women's world cup begins today in france. the reining champions, team usa. they will play thailand beginning next week. joining us to set it all up, jared max, fox news radio sports reporter. what are the chances of u.s. ladies repeating their victory at this world cup? >> odds on favorite to win this championship. they are really hot coming in. won last six matches, five by shutout. team usa has the most experienced team entering the women's world cup. average age is 29 which is oldest. they have the most experience playing soccer.

the last world cup they won. 2015, 12 of the 23 players from the roster are back with this squad, big names like carley lloyd, alex morgan. it's a big party for fox. fox and fs1 will broadcast the entire tournament. begins today june 7th, goes to july 7th. goes across nine different venues. ashley: all across france. who are the biggest threats to the usa? >> from what everything i'm read something germany and france as well. ashley: go figure. >> usa is favorite at 5-2. comes france at 7-2, germany behind them at 11-2. i think we'll see germany during the championship and france as well. you never know how this goes. i love the way we get pull in by the tournament. watches matches from a country -- ashley: yes. but they're there. >> they're there. also what women's soccer has become is fantastic.

the growth of soccer, the talent pool is getting better and better, the fight equality in pay. women are fighting strongly for it. they are heroes and celebrated what they are trying to get done, it is not an easy fight. ashley: no, it is not. stuart and i, others soccer and crazy, the english premier league come to the end of the season. it doesn't start until august. we're desperate for august. thank goodness women's world cup, we can fill in the blank for a while. should be entertaining. >> great to see you. ashley: great stuff. see continuing coverage of the 2019 fifa world cup in france on fox and fox sports one. go usa. now this, former new york city mayor michael bloomberg is pledging a ton of money to shut down coal plants to shift to clean energy. liz: half a billion dollars in the beyond carbon initiative

this is michael bloomberg's goal, wipe out all coal plant by 2030. replace with wind and solar. no talk about natural gas. ashley: i was going to say. >> it is biggest philanthropy pick donation. ashley: only india and china would do it. anyway, booed for him. sick of seeing scooters dumped on sidewalks? we have the ceo of swift mile coming up. they say they have a solution for this, docking stations for micro mobility transit. that is what they call it. i call them scooters. he will be here to explain how it all works. heavy rains impacting grain markets on the u.s. jeff flock on the ground in illinois. it is one big mud ball. he will give us the scope of flood damage. you see it there. we'll be right back. ♪ let me ask you something.

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♪ ♪ it's been a hard day's night, and i've been working like a dog ♪ ashley: that is a classic. i thought it was going to be helped. susan -- liz: ticket to ride. ashley: all wrong. another classic. look at big board. it will make you feel all right as well. the dow up 239 points, 25,960, right on the money spectacular jobs report, but so what. with the fed saying we're ready to cut rates, feels like the market taking optimism. take a quick look at s&p, also up as you can see, right around

1%, at 2871. nasdaq also moving higher this morning. nasdaq has not made as many gains as the s&p and dow, doing fine up more than 1% at 7717 on the nasdaq. now this. "qunnipiac poll" found in texas president trump is losing support. joe biden leading trump with 48% of the vote to 44% from for mr. trump. joining us mark lottery, trump 2020 advisory board member. marc, let's begin there, shall we. why, that is very surprising to me, 1500 voters, questioned in texas. you would think they would be red leaning. how is mr. biden leading mr. trump 48-44? >> i don't believe the poll in the least. if we believe the polls hillary clinton would be in the white house right now. they have got this thing so wrong. i can guarranty you, when president trump is reelected he will be winning texas.

we got to remember here too, these polls are meaningless on both sides of the aisle right now. ashley: true. >> neither of the candidates of the other side even started to attack each other. whomever comes out of their crowded primary field will be broke and broken. they will have president donald trump who won't be afraid to mix it up, talk about why we need to keep good things going in this country. ashley: let's get to the trade talks both with mexico and china. look, if we don't get a deal in either case how much damage can this do to the economy which is clearly slowing down? and then, looking forward beyond that how much can that hurt donald trump's chances in 2020? >> what we've seen is the damage has been done to our economy over the course of many decades. there was a great piece in "the wall street journal" this morning where president george w. bush, one of his economic advisors talked about presidents of both parties asking china to stop playing dirty tricks, smile, say yes, keep doing what they were doing.

this is a president doesn't believe in taking words for granted. he wants to see some action. even if we don't get a deal, i know the president is still working toward it, still hopeful for one, the damage is being done. if we get a deal it is better for everyone, american workers, american companies. that is what the president is focused on. ashley: senate republicans not too happy it appears with the tariff threat on mexico, you know, ted cruz, and others are saying look, you will absolutely kill my constituents. how can you get the senate republicans on his side on this issue? >> i think senate republicans, i have a lot of respect for many of them, they need to look at a bigger picture here and they need to do their jobs. congress needs to act to deal with the border crisis. close the loopholes in the immigration and asylum laws, they need to work with this president to actually appropriate the money that he has asked for to deal with caring for the people who have come across here, seeking

asylum. right now congress is just nothing but talk. the president is wanting to see action. if they're not willing to help him, he is willing to go it alone. ashley: mention another poll, on other side of this issue, mark, might make you smile, cnn put out a poll said 54% of the people they surveyed believed donald trump will win re-election in 2020. 41% said no. by the way that number for donald trump is higher than people said about barack obama when they were asked whether he would be reelected as president. so whatever you say, i think that is an interesting stat as well? >> it is very interesting stat. i think what it shows is that the american people are starting to feel the economic benefits of the president's leadership. they're seeing the jobs coming back, they're seeing their paychecks going up. again this morning, you talked quite a bit, 3.1% of wage growth. we've had 10 straight months of 3% wage growth. that means more money in people's pockets, when you do

that with the tax cut, they're seeing it, feeling it, when it comes to 2020 will vote to continue it rather than democrat socialists talking about raising taxes, undoing all great things costing this economy to soar. ashley: if we continue in this tariff war, what you said a plus for economy will be offset about the price of goods going off as we continue to price the tariff war. i would guess you would rather see this end sooner rather than later. i understand the president is using tariffs to get people to do what he is doing but does this start to erode the base, not the core base but those on the fringe? >> i don't think so. going back to the data we've seen this morning, wages are increasing faster than prices. inflation is in check. peter navarro and many others talked about this, what we're seeing in china, what we will see in mexico, if the president imposes the tariffs on monday is

that manufacturers in china, in mexico, will lower their prices. manufacturers and companies here will relocate their supply "chips," and the prices are not being passed on to the american consumer. we're seeing that in low inflation numbers. ashley: right, not yet. >> companies overseas are bearing the burden of these issues. one way out of it for mexico to get tough on the border. for china, come to the table, deal in good fate. deal with issues plaguing our trade relationship for many decades. ashley: marc as always, thanks for joining us. look at this, the dow crossed 26,000. we're up 281 points. up above 1% on the day. this is just rounding out -- what has been a terrific week. we're now well above 1000 point gain on the dow. the suggestion perhaps fed chair powell has the back of the markets, don't you think? liz: maybe three rate cuts this

year. we're not sure. susan: barclays said before the job reports 50 basis points would be cut in september. 25 in december. i think those expectations ratcheted up given dismal jobs report in june, by the way, probably, 25% probability we get a rate cut this month. ashley: right. susan: gone up closer to 50. liz: makes people crazy. makes people say, hey, what are you here to make the market going higher? exactly. susan: don't forget also they don't have that much dry powder. liz: no. ashley: that is the other issue. don't have a lot of room -- liz: 1995-96 they were doing this too. it was 6% on the rate. ashley: no room to move. there you go, the dow up 280 points, right around 26,000, remarkable. now this, stephen moore on this show suggested former reagan economist, our good friend art laffer as our

replacement for kevin hassett. roll tape. >> i throw out another name for you if i may. are you ready for this one, stuart? ashley: i am. >> a regular on your show. he will win the presidential medal of freedom but how about arthur laffer as president's chairman of council of economic advisors? ashley: how about that? guess what, joining us now, on the phone, the man himself, art laffer. art, i don't know whether you heard stephen moore say that, but what is your response? >> i have just got to tell you, if i can use a little kentucky phrase, i'm in kentucky in my farm, it just ain't going to happen. the president has way too much moxie of making a mistake someone like me to be chairman after kevin hassett who is just phenomenal. he has done the greatest job ever. i don't have any chance doing a good of a job as kevin hassett. ashley: you're being modest. would you love to do it? would you like to get back in the fray? >> i took a job in government in

1970. i was george schultz's economist with nixon presidency. i found out what i don't do well, i don't do those types of jobs well. my job is to give you unvarnished views of the world from my perspective. when you're an employee of a person you have to carry the water for the person you work for. you know, it is just not in my nature to do that, ashley, really it isn't. i watched all these other economists in there, kevin hassett is a major exception, i watched them under obama and w. they would rebut arguments they know to be true in order to curry favor with their political benefactors. i don't want to ever do that. i make enough mistakes on my own of the without following other people's rules. it is not a job for me. i didn't take a job with reagan by the way. i never took a job with reagan. once you're on the payroll you lose your independence.

ashley: well, that is very true. we heard it straight from the mouth of art laffer, thank you but no thank you. we shall see. art, enjoy your time on the farm in kentucky. great stuff as always. >> ashley, i don't want to leave a zero income tax state. ashley: who can blame you? art laffer back on his tractor in kentucky. >> say hello to emac and susan. ashley: i have and will. breaking news regarding china. susan, what have you got. susan: obviously china trade tensions hurt investor sentiment. ashley: yes. susan: sounds like xi xinping, chinese president, he is in st. petersburg right now at the investment conference, meeting with vladmir putin. ashley: yeah. susan: but he says, guess what? trump, president trump is my friend. ashley: oh. susan: that the u.s. is not interested in disconnecting with china. he goes on to say that there are big investors connecting china and the u.s. don't forget, they will meet on the sidelines at

g-20 summit later on. ashley: in japan. susan: president trump says that is important. he will decide whether to levy tariffs on $300 billion imports. ashley: chinese premier is very good mood. he called mr. putin his best friend. he is friends with donald trump. this doesn't mean anything in, you know, anything of substance with regard to the trade negotiations but it's a positive sign, right? susan: it is optimistic. that is what diplomacy is about, right? ashley: yes. susan: burgeoning ties between the two countries. however don't forget trade is important, we're expecting something on mexico. ashley: right. susan: tariffs go into effect on monday and u.s.-china trade. ashley: kind words from chinese premier. good stuff. mortgage rates at the lowest level since 2017 is it time to refinance or buy a home? either way find out what could

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ashley: we'll take a look at the big board for you. strong morning. the dow above 26,000, 26,007. good for more than 1% gain. heading towards 300 point gain. we'll look at microsoft if we can. why are we doing that -- ♪ with the fanfare. hitting all-time high. 131.90 on microsoft. up more than 3%.

susan: topping a trillion. ashley: where is stu? somewhere he is laughing loudly, spending money. thank you, justin, executive producer. let's move on. not such a funny story. farmers in the u.s. facing a rough planting season. here what white house economic council kevin hassett had to say. >> with flooding in the mississippi, all the ports are closed. i-29 was closed. so construction and transportation and warehousing employment was down we think about 40,000 relative to what would have happened if the weather was normal. so a little bit of a blip down but you know we're still sticking to our guns, we think we got a 3% year. the rest of the data are still looking pretty strong. ashley: those flooding issues are not going away. jeff flock from a farm in dwight, illinois. jeff? reporter: ashley the farmers cannot catch a break between the

tariffs and the weather. i have good news today. we have two cameras here. we're inside of a planter. the planter is on the back. we're inside after tractor. you can see it is sunny today. one of the first days you can get out and plant. >> we had only two days to plant. normally competed and moved on to other things. this is been tough. >> corn crop should be 100%. you're about half? >> 46, 47% planted, no beans in the ground. normally we're done. reporter: look at pictures our farmers have been posting, our producer has been compiling these, pouring rain in so many places, between that and tariffs, like what next. pestilence maybe? >> exactly. every time we turn around, things start looking good, something goes wrong. whether a couple of dry days.

then the weather forecast is looking good. we get excited to go out and plant. then we get rain coming. it counteracts for us. reporter: message you want to send. president trump doesn't control the weather. we have to blame somebody else for that one. >> no. reporter: is there a message you want to send to folks in washington? we have farmers that have been very supportive of the president. >> sure. reporter: what is the message you want to send now? >> biggest thing, i know you have to do what you got to do to get good trade agreements out there. that is hard thing to do. i don't pretend to know anything about that. that is all we want. all anybody wants is go out and do what they love, what we do. and get paid well for it. we have to have good trade agreements. reporter: lastly this corn you will grow here, hopefully you grow here goes to mexico. you have tariffs looming. >> we were doing pretty good there. we had an agreement with canada and mexico there for a little bit. the market went up a little bit

which helps us out. then the terrorists came up, the mexican border deal, markets went back down. so we don't have any control but sure would be nice to get things worked out so we can have some stability in the market, hopefully some stability in our income. reporter: matt, appreciate the time. we'll be with him all day, ashley. hopefully the weather will hold, get seed in the ground, corn in the bin, money in your pocket. >> that would be good. ashley: jeff flock, thank you so much. who would want to deal with the farmer? you have to deal with politicians and weather in best of types. good report. >> scooter and real estate. we'll be right back. is doing ths that i want to do, not the things i have to do. unlike seattle, less than half of americans participate in their employer retirement plans. so what keeps people more engaged in their retirement?

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ashley: we have breaking news as you look at the market above 300 point on the dow. i want to get to emac some sanctions. liz: u.s. treasury issuing sanctions against iran's petrochemical sector, 39 companies, subsidiaries and sales agents. these are the iran's lifeline. now going after petrochemicals is a new, entirely new ballgame. this was iran's last lifeline. this is what is supporting its quote resistance.

why is the treasury department doing it, administration? because petrochemical companies in iran support the revolutionary guard. this is a direct hit at -- ashley: we have sanctions on the oil exports. now this is tightening, strangling -- liz: petrochemicals now. ashley: interesting stuff, emac. thank you very much. let's talk real estate. now this, 30-year mortgage rate dipped to 3.82%, despite the low rates, we're having a hard time getting home sales going. maybe the refi market, refinancing at such low rates may be a way to go. let's bring in noble black, douglas elliman real estate. thanks for joining us. >> thank you. ashley: we'll go to the refi story, does it make sentence to refinance at these rates? >> for a lot of people it does. rates at lowest rate in two years, getting lower to the lowest rates they have ever been, right? depending when you last

purchased or refid it can make a lot of sense. ashley: why is it so hard for the market to gain traction? rates are low, but what is the problem? >> it is market specific, for a lot of people, different reasons, but one overarching reason, uncertainty. if you're going in, making a substantial purchases, even though rates are low, you're not sure what else is going on. there is issue of politics going on. a lot of markets at the all-time highs, even if they're off the highs, they're expensive for a lot of people. people are sitting back and waiting, the uncertainty. ashley: is it true millenials are hesitant based on exposure what happened in the financial crisis? hesitant to make the big purchase? >> that is definitely true. a lot of money to outlaw. for many first time making a purchase. ashley: what do you tell them? you sell real estate. how do you persuade them? >> if you look buying something you will live in, being there long term, it's a great investment, whether or not there

is a blip over next few years, history shows us real estate is great investment. ashley: noble, very good. sorry so short. busy day. thank you very much. mortgage rates 3.82%. not bad. thank you very much. it is president trump versus house speaker nancy pelosi. things are heating up. we'll play a sound bite for you that everyone is talking about. and you always know that the president merv holds back. we'll have that when we come back. ♪ experience the style, craftsmanship and technology that have made the rx the leading luxury suv

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the border security issue which is really the president's top priority is resolved through these measures and that the president agrees they have

accepted some terms that will work, but if he doesn't, then the tariffs will go into effect and the jobs conversation which think about how strong the trump economy is that we've got a number today that's about double what the cbo thought would happen this year when he was taking office, and people are disappointed. so that's a pretty good metric of a strong economy. ashley: that was white house chief economist kevin hassett trying to put a little bit of a shine on what was a disappointing jobs report. he was on the program in the last hour reacting also to mexico tariffs and the possibility of those going into effect on monday. let's check the big board. none of this having any impact on the markets, as you can see. the dow up 345 points at 26,065. it has been a remarkable week for these markets, after what has been six weeks of real struggle. what's going on? let's bring in another big market watcher, bob doll, chief equity strategist at nuveen. great to see you. let's begin with the jobs number today.

your reaction? it was a real miss, was it not? >> yeah, it was a bit disappointing. i think all of us knew the manufacturing part of the economy was weakening, the pmis and the isms. now we have to ask is the consumer slowing as well. it's still good but not what it was. ashley: right. of course, we have been watching interest rates all week. take a look at the ten-year yield. it's been hovering right around 2.06%, 2.07%, somewhere in there. there you go. 2.07%. do you think the fed's going to cave and cut rates and when will that happen, because certainly the treasury yield at this level, what's it telling us? >> i think the treasury market and perhaps the equity market as

well today on its rise is saying fed's going to cut rates. i'm not sure it's that simple. if things keep weakening, the fed will give us the so-called insurance cut, but i think they're still watching carefully. is the data weak enough. it's certainly weakening. they will be monitoring. look, they would like not to have done december with 2020 hindsight so maybe if they can reverse the december rate rise by cutting one, they will feel a bit better. ashley: it's interesting, i guess the markets themselves, the psychology, we had six weeks that were pretty rough, all sorts of concerns. the china trade spat, as you mentioned, the economy slowing down. there were all these signs, profits hurting, businesses not spending because of all the uncertainty. then all of a sudden, this week we have been on a massive rebound. to get back to the fed, is it just because now we know that fed chair jerome powell has the market's back? is that what's fueling this

sense of relief that money is coming back into equities? >> i think that's certainly part of it. i would add to it, remember when the president did the mexico announcement which no one, but no one anticipated even 24 hours before the downturn accelerated, then the republicans over the weekend were saying maybe we're going to try to convince the president or stop him somehow from doing this. i think that's part of the market saying maybe tariffs are about trade and not about politics. i think that's been positive for the markets. we've got to look forward. we are going to be on earnings soon and what's that going to tell us about how things are in the economy and what looks forward related to trade and everything else, will there be some wet blankets on earnings. my fear is there might be. ashley: what are you telling your clients, who as i said before, had six weeks of, you know, market drop, there was a lot of uncertainty, we saw a lot

of money coming out of the markets. now we know a lot of money going into the bond market. if you are going to play this market, where do you put your money? >> i start by saying i'm boringly neutral so i love buying the dips and trimming the rallies. into the dip, you got to buy them. i think we are now at a point where you can say we made some money in the short term, let's let a little bit go. we know value and cyclicals are cheap but they are out of favor because the economy is slowing. how far will the growth trade take us and how expensive will those stocks get. that's the tug-of-war i think we're setting up for in the second half of the year. ashley: any particular sectors you like more than others? >> still like technology. it's broader than it would have been a year ago. last year it was all about growth. now some value tech in the mix. i think the financials will continue, albeit weak today, will continue to be okay.

consumer, while slowing, is still in pretty good shape. be careful of some of the retailers. those are some of the areas we are trying to make some money in. ashley: are you worried when we talk about big tech, the threat we are going to have all sorts of investigations on antitrust and that could lead ultimately to new rules, it could ultimately hurt their business model? is that a concern for you? >> it definitely is. it's an overhang. i think it's ill-defined. i think at the end of the day we aren't going to get anything horribly punishing but the fact uncle sam is kind of looking over their shoulder which wasn't the case awhile ago just puts a little bit of damper on valuation. meanwhile, business prospects for those companies are still pretty good. ashley: this is always a what if question, we ask this a lot, what if we get the spat with mexico sorted, mexico does what this administration wants it to do, then we heard somewhat encouraging words from the chinese premier today. if we can get these things sorted and done, within the next, say, two or three months,

where does the market go? is that the cause for the next leg up? >> well, i think the market is assuming we are going to fix mexico. if mexico doesn't get dealt with positively, i think the market goes down. positively, it's a non-event. china is more of a wild card. if we actually get a good deal with china, market could have more upside. i think most people are saying the two countries are going to agree on just a few things to get something done, leaving most of the important stuff to another day. ashley: i have heard that more and more. we are out of time. bob doll, thank you so much for your insight. really appreciate it. >> thank you. ashley: thank you. now let's take a look at oil, if we can. oil has been dropping, was below $52 yesterday, coming back a bit, up 75 cents at $53.34. up about 1.5% today. what's that doing to gas prices? take a look. the national average is now $2.77. i know it was stuck at $2.87 it

would seem forever so it is coming down. we are, by the way, down for seven straight days. listen to this. former new york city mayor michael bloomberg setting his sights on big coal, sinking half a billion dollars into the beyond carbon initiative. they are set on shuttering the country's remaining coal plants, all of them, by the year 2030. take a look at the coal stocks on that news. clearly it's not great news but how about that. in an up market, three of the four are up. another big hit to big tech this morning. individual states are now looking to start their own investigation noose ts into the names like facebook and google, in addition to the justice department and ftc announcing their own probes. they are starting to circle just a little bit. president obama and first lady michelle obama getting into an explosive multi-year podcast

deal with spotify. they also had netflix deals and book deals. they are kind of capitalizing as you would on the presidency. remember when mr. obama said this. >> there's only so much you can eat. there's only so big a house you can have. there's only so many nice trips you can take. ashley: where are they? president trump not holding back when it comes to how he feels about nancy pelosi. we have the sound for you next along with pete hegseth. the third hour of "varney & company" just getting started. -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95.

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before he left, he could not help but take a shot at house speaker nancy pelosi. roll tape. >> i think she's a disgrace. i actually don't think she's a talented person. i've tried to be nice to her because i would have liked to have gotten some deals done. she's incapable of doing deals. she's a nasty, vindictive, horrible person. ashley: how do you really feel. who better to respond to the president than pete hegseth, co-host of "fox & friends" on the weekend. pete, look, when someone says i don't want to impeach him, i just want to put him in prison, it's not a surprise and especially donald trump would respond in this way. >> and she tends to do it right before she's walking into meetings with him. it's as if she pretends like she wants to work with him but of course, it's untenable for her to give him a win within the base of her party and her own caucus. baseline democrats want nothing to do with this president. they want, many of them want to impeach him, wanted to resist, investigate and obstruct him so she's in a tough spot there. but this surprises nobody.

he's a deal maker who says you are a democrat but we are both americans, let's make -- let's get some things done, let's address the process at the border which is clearly dysfunctional, let's do infrastructure. but i can't work with someone who is also saying they should lock me up and investigate every part of my life and my family's life. at some point, it's done. the charade is over. you don't want to make a deal, i don't want to make a deal, i'm going to win big in 2020, then i'm going to set the agenda. i think that's part of the calculation. ashley: he did get some criticism because in the background of that shot you had the crosses of those who fell on d-day. was that inappropriate or just, you know, unintended consequence? >> guy gets asked a question, he answers the question. i think he did an amazing job memorializing d-day. you watched that speech -- ashley: had a good week. >> had a fantastic week with the queen and maneuvering the policy of great britain right now and memorializing fittingly what an american president should do on that solemn day. he was asked a question about someone he doesn't like very much right now, he answered it

honestly. anything else is white noise. they are trying to use right now to obfuscate and frankly, this is what they do. make it about some scandal that somehow he's not -- ashley: having said that, jim acosta and joe scarborough both praised his speech at yesterday's commemoration in normandy. >> if we can't agree on normandy 75 years ago, we really don't agree on anything. nice to see one small thing, a kernel of truth from those folks. ashley: senate majority leader mitch mcconnell using nancy pelosi for fund-raising fodder, saying the re-election campaign site that pelosi is wasting millions of dollars investigating the president to play to her base. this is a no-brainer, right? the more they beat that drum of impeachment, prison, whatever you want to say, the more money and the more votes i think the gop can pick up. >> i don't think she knows how to play this yet. her base, you've got presidential candidates on the democrat side demanding

impeachment. you've got now almost 60 members of her own caucus that want it. she doesn't want it because she understands the political ramifications of it but she needs to keep the rhetoric up. she needs to keep the heat so she's upped the ante to literally lock him up, that's going to be their mantra, we heard that before on the other side. is that really going to be the mantra for no underlying crime. then republicans are totally right to use it. of course they should use it. trump is going to use it. they want to lock me up, they want to impeach me, they want to block you forever. is this what you want your politics to look like. then you have joe biden running around changing his positions every other day. positions he's held because of his deep catholic faith, it's hidin' joe biden because he didn't want to talk. now that he's out, it's flip flopping joe. you know why they're hiding him. he's out of step with his party's base. nancy pelosi is crazy to think she's a voice of moderation when it comes to impeachment so far.

i don't know how long she can hang on to this. ashley: there's a lot of pressure. liz: she can't do it in 2020. the clock is ticking. ashley: we just kind of alluded to this. get your thoughts on president obama, first lady michelle obama getting into this exclusive multi-year podcast deal with spotify. you going to tune in? >> i'm sure they got a great deal. i'm sure they got a ton of cash, good for them. and netflix. they're not going anywhere. if you think the chapter of barack obama and michelle obama is over, you're wrong. i have said if there's one candidate that could jump into the democrat field right now and be formidable it would be michelle obama. she would be difficult for anyone to beat. i don't know if she has political aspirations or not. she says no, but if you are continuing to lay the groundwork for something, spotify, netflix, stay in pop culture, they don't need to raise their profile, just stay on the scene, make a bunch of cash, that's the clinton playbook, right?

ashley: nothing wrong with that. >> i got no problem with making money. it raises her profile alongside his in popular culture. it's smart for them. as a conservative, i don't love to see it. i don't want obama 2.0 but it makes a lot of sense to me. ashley: complete change of subject here. we have done a lot of stories on meatless burgers, meatless sausage patties. i always wondered, pete hegseth, 101st airborne, army guy, would you fill yourself up on meatless burgers before going into battle? >> i'm pretty sure the stuff they put in our mres, meals ready to eat, i may have eaten more meatless burgers than i thought. there isn't a lot of meat in those. ashley: have you tried them? >> no. maybe i tried one on "fox & friends" because we try eating everything. i did a blind taste test with a fake lab created burger versus a real burger and they say it tastes -- i spotted it. they thought the fake meat was

real meat. come on. anybody who has had a burger a day, keeps the doctor away, that's my phrase, you know what a real burger tastes like. susan: it's healthy for you. ashley: fair enough. no meatless burgers for mr. hegseth. thank you so much. he likes bitcoin. by the way, it's fallen below $8,000 per coin this week but slowly climbing back. you are a big -- did you get in on the high end? >> i got in on the high end but i also got back in at three and four. i bought on the dip, that's what the financial folks tell me i should do, right? ashley: look at you. >> i do feel like it's got staying power. blockchain technology, all the things that go and bitcoin is the first player but it's proven to be resilient against all these other smaller players that haven't yet -- susan: it's the most liquid. most traded. >> it's becoming more

ubiquitous, more used. thank you very much. you are soon going to see institutional investors coming into bitcoin. there is some work with s.e.c., i'm telling you. there's a runway for bitcoin. ashley: billionaire to be, pete hegseth. thank you so much. no meat but loves the bitcoin. that's the message. thank you so much. green bay packers quarterback aaron rodgers, he's expanding into high finance. we will tell you what he's up to and for how much, next. by the way, can you guess who is the wealthiest woman in music? taylor swift? we've got the answer for you. do you know? susan: i do, i do. ashley: after this. see that's funny, i thought you traded options.

i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade i'm workin♪ to make each day a little sweeter. to give every idea the perfect soundtrack. ♪ to make each journey more elegant. at adp we're designing a better way to work, so you can achieve what you're working for. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves all your worst symptoms, including nasal congestion, which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist. you can barely feel.

can't see what it is yet.re? what is that? that's a blazer? that's a chevy blazer? aww, this is dope. this thing is beautiful. i love the lights. oh man, it's got a mean face on it. it looks like a piece of candy. look at the interior. this is nice. this is my sexy mom car. i would feel like a cool dad. it's just really chic. i love this thing. it's gorgeous. i would pull up in this in a heartbeat. i want one of these. that is sharp. the all-new chevy blazer. speaks for itself. i don't know who they got to design this but give them a cookie and a star.

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ashley: all right. so if you're afraid of heights or afraid of drowning or afraid of the unknown, probably best to look away from this one. it's a new 360 degree infinity pool set to be built in london smack on the top of a 55-story hotel. you are going to get three days of sun a year to enjoy it. how do you get in or out? that's the question. according to designers, a spiral staircase will rise from the

floor. set to start construction as early as next year. because if it takes up a whole roof, that's a very good question. liz: how do you get into the spiral staircase? ashley: they say it's very james bond-like. i don't know if they fully worked it out. very confusing. maybe parachute in. that would be very james bond. it's kind of cool looking. a few big ticket stories to end the week. forbes just rolled out its list of the wealthiest self-made women and the wealthiest female musician on that list is none other than susan li. no, rihanna. susan: ri-ri. ashley: worth $600 million, out-earning madonna, taylor swift and queen bey herself. beyonce. susan: only 30 years old. ashley: megastar quarterback for the green bay packers, aaron rodgers, he's wading into the world of venture capital, co-founding a $50 million fund called rx3 ventures. they will be focus orded on

influencer aspect of sports and entertainment. other investors include danica patrick and a skateboarder. good luck with that. check uber. they will start cross-promoting the uber eats service in the ride sharing app. not a separate app. next, we have our market watcher, david nicholas, bullish on uber. i want to know why. maybe it's the eats part of it all. also, check cannabis stocks. up next, candescent ceo with us. they are expanding but it's an uphill battle. they seem to be doing something right. check out that market. it is a rally. the dow up 282 points. more "varney" next.

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ashley: let's check the big board. the dow 30, all sorts of green. just a couple of stocks not making it. goldman sachs and jpmorgan. my eyesight may be improving. the dow up 265, 266. we were up 300 about 15 minutes ago. just now under 26,000 but still good for a 1% gain on the dow.

some big news on streaming. check at & t. they are detailing their new streaming service, set to include hbo, cinemax and warner brothers titles. the price point, though, turning a few heads including susan li's. reportedly $16 to $17 a month. susan: too expensive. ashley: too expensive according to susan. they hope to get it up and running by next march. take a look at disney. their new disney plus streaming service polling very well in a new survey. the people that can't wait apparently to get their hands on it, 22% of those surveyed said they are ready to shell out for it. that number jumped to 34% when you talk about 18 to 34. $6.99. that's better than $16 or $17. let's get a check on uber as well, if we can. the stock is down, i will call that flat, down four cents at $44.88. i want to bring in david nicholas for this, president of nicholas wealth management. you are a fan of uber, are you not? you are bullish. i want to know why.

>> i am bullish. i did buy uber on the day of its ipo. i was kind of by myself on that in a lot of ways but i was encouraged to see the coverage that came out this week. morgan, goldman, barclays, they all had buy ratings on the stock. if you look at what the average price target was, little over $54 a share, that's a 20% implied upside from here and i thought this was interesting. there was not one coverage that gave a sell rating. i think there's upside for uber. one of the areas that i really see upside is in uber eats. i think it's an area that we have seen continued growth, over 100% growth for the last year. i think investors should have some patience. i think there's some real upside here. ashley: imagine if they can make a profit on the ride hailing side, they would be doing very well indeed. i also want to ask you about disney. you like disney. we just did a story on that survey. apparently younger people can't wait to get this service up and running. they are happy to pay for it. you like disney?

>> i do like disney. if you look at the last 12 months, they have had really a lot of m & a activity. they are taking over hulu. i think they have their eyes set on netflix. the stat you just said, with their streaming service, disney plus, espn plus, they are really trying to be a player in this space. seems like anything disney touches turns to gold. i do think there's upside for the stock. you got to be careful, the stock is up over 20% year to date. we could see some pullback short term but any type of pullback for the stock makes for an absolute great buying opportunity. i think the future is still pretty bright. we are going to disney in the wintertime and i know what we pay for those tickets. i can tell you they are still making money. ashley: need a small mortgage for that. i looked at your notes. you are fired up about something congresswoman alexandria ocasio-cortez said. quote, our human right to a home comes before someone else's right to earn a profit.

basically, she wants everyone to get a free house, no strings attached. you think that's a great idea. i'm being sarcastic. >> my response to the congresswoman would be why. why should the federal government provide a free house. why should the federal government provide a public education, free cars. i just get so frustrated because it seems like most elected officials don't understand the concept of inalienable rights. inalienable rights are given to us by god and governments were instituted to secure those rights. the role of government is not to provide us things. but i will make a distinction. state governments, they have the luxury and the ability to provide as much as they want. if a state government wants to provide free housing, more power to them. if they want to provide cars and puppies and wonderful things, guess what, they have the ability to do that. but that's not the role of the federal government. i'll tell you, we don't have a right to a house. we also don't have a right to

profit. you have to work for both of those things. if you're not willing to work hard for those, you deserve neither. ashley: well said, sir. david nicholas, thank you so much for joining us on this friday. really appreciate it. thank you. let's get a quick check if we can on canopy growth stocks, the canadian pot guys, biggest legal pot growers in the entire world. analysts giving it a small boost saying it's the best investable opportunity when it comes to legal marijuana. based on future expansion to the u.s. and their acquisitions of smaller pot companies. up 1.5% to $42. right there, $42. want to stay on the business of pot. let's bring in adrian sedlin, ceo of candescent. good to see you. we said earlier as we were telling people you were going to be on the show, you are actually expanding, you are on the west coast, you live in beautiful santa barbara. i don't know how you afford it. we will get into that later.

>> they gave me a free house. ashley: there you go. that's how it works. you, your company, you are expanding east. nevada, new mexico, massachusetts. how hard has that been given that there's not uniform rules when it comes to marijuana? >> well, first of all, it's very hard. you have to understand, state regulations, there's a lot of friction in expansion. if you think about cannabis, it's the only consumer product, consumer packaged good in the world that you can't ship across state lines in the united states right now. so what that means is instead of having centralized production where you have economies of scales and maybe one huge factory, you have to duplicate your production footprint in each and every state and jurisdiction that you want to transact in. so that is somewhat inefficient but the great news about the inefficiency is it also introduces an opportunity to

create, because those who can actually stitch together a framework to roll out a brand on a more national basis because it's so hard, you can create significant returns. ashley: so you produce marijuana itself and you sell it. you also are into cbd in whatever form that is, but you are big into cbd. that seems to get all the headlines these days. >> we are the number one selling cannabis flower brand on the top shelf so we are super premium luxury end. ashley: high end. >> we play the high end. we're not that interested in the value segments. long term if you look at things like the liquor industry used to be 30% in the value segment, now only 16% plays in the value segment. 50% is in the super premium and luxury segments. over time as the market gets bigger, consumers will always gravitate upwards. that's our lane and thc driven products is sort of our claim to fame, what drove us to the top. ashley: if people go to your website, they can order products but that's fine say in colorado

or california but what if someone places an order from a state that's not on board with this? you cannot deliver that product? >> right now, there really is no e-commerce. however, we do -- ashley: you do deliver in california. >> we do defer to delivery partners. however, if you are out of state right now, i can't really service you as a customer. if you just think about it, the inability to just ship your product across state lines, that ends up dictating your actual corporate strategy and how you think about it so for example, if i can ship my product across state lines, i would only have flour. but we entered other brands to monetize our investment in the california market. in each and every market we have to optimize. ashley: the key that opens the door to this is at the federal level. if the federal level of all this says you know what, it's all open, it's fine, it will be legalized, it will be taxed, no restrictions, it opens up the

banking system and everything else. that's the magic bullet, if you like. how close do you think the feds are to doing that? >> well, my own personal thought process says you're not going to see any kind of rescheduling until at least 2021, 2022. so it's still a ways out. that's the earliest. but it's not necessarily the magic bullet for our industry, because one of the things is you think about states like colorado, oregon, washington, they have all created a tax base and job base with localized production so even as it gets rescheduled, i think it's going to be where you still can't take products across state lines without a local license. i think it's going to be more like health care where you can't sell across state lines. ashley: interesting. >> i look forward to legalization. at the federal level. it will lower our cost of capital and open up capital market opportunities, but i think the framework we are living in is going to be here for awhile. ashley: whatever you are doing, you seem to be doing a good job

of it. business is good. adrian sedlin. >> thank you, ashley. ashley: let's take a look at walmart. starting in the fall the company will deliver groceries right to your fridge, in the house. liz: what? ashley: would you like that? susan: no. ashley: right now, up just 29 cents at $105. yes, it is jobs day and yes, we are talking trade jobs with our next guest, the ceo of ideal industries. he says america is facing a talent gap across all the trades. right now, there is a shortfall of 60,000 electricians. the question is how do we fill that gap? we'll be right back. don't tell your mother. dad, it's fine. we have allstate. and with claimrateguard they won't raise your rates just because of a claim. that's why you're my favorite...

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ashley: amazon chief jeff bezos confronted by a protester while he was giving an interview at

yesterday's conference in las vegas. roll tape. >> you are the richest man on this planet. you can help the animals. [ inaudible ]. >> do you have a response to that? ashley: that protester was reportedly an animal rights activist upset at the living conditions of chickens at farms affiliated with amazon. bezos was chatting with amazon's director of forecasting all about bezos' lunar endeavors with his blue origin spinoff venture. at the same amazon conference in vegas, boston dynamics robot dog spot collapsed onstage. you can see spot malfunctioning during the presentation. that's not good. looks like he's on his back. meanwhile, the company is reportedly planning to sell those robot dogs. hopefully they work. boston dynamics says spot should be available for purchase within

months. not clear exactly how much it would cost. a little embarrassing, one could say. we have a little different something for you now. in line with a lackluster jobs report, our next guest is on the program to highlight the skilled trades gap. people just are not getting into trades like electricians, even with a surplus of openings. he is trying to get that number up. come in, jim james, chairman and ceo of ideal industries. thanks for joining us. you have actually started a competition to try to appeal to students to fill this gap. is that right? >> that's correct. we started this competition about four years ago and what started out as more of a marketing tool for ideal industries has actually transformed into an industry-wide marketing tool. the first year we started this competition, it started with about 25,000 participants. we are up to over 100,000 this year. we are expecting next year to be over 150,000 competitors.

the thing has been so successful the last couple years, the industry has really come together. when you take a look at all the training programs out there and training alliance, abc, iec as well as skills usa are doing a lot of different things to try to fill this gap. this gap like you said is about 60,000, expected to be about 60,000 shortage of electricians by 2026. ashley: so you are trying to convince young men and women that a career as an electrician or plumber or whatever it be, is a very good way to go. how hard is it to persuade these young people who have been told you have to go to college, you have to get the four-year degree so you are going to be loaded with student debt but you need that to compete in this day and age. you are trying to change that thinking. how do you try to persuade them? >> that's a great question. it does start with actually the whole family. you've really got to get to the parents as well. when we are doing this program,

what's been great about this national competition is that we are making it about the families so all the families are coming down to the competition and through this process, we have actually had a lot of the children of a lot of these electricians have now decided to go down that career path. what we are trying to do now next year is actually expand into the high schools, the competition. what we want to do is try to get to the high schools as well as maybe the two-year trade schools, try to convince them. what we are trying to do is also get to the parents. we are trying to help them, convince them and show them that becoming a professional trade is a really good career move, as you said. you have 44 million families that have over $1.5 trillion of college debt right now. there are options out there. ashley: what kind of, i mean this as kind of a basic question but what kind of money can these trades produce, you know,

electrician, what kind of yearly wage do they make? >> well, it depends if you have your own business. that's the beauty about the electrical trades. you can start as an independent, you can start off as an individual, but they can range when they are first starting out, $40,000, $50,000 a year, and who knows how much you can make if you own your own business. i have heard of individuals having their own single person business making over $150,000 a year to $200,000 a year. ashley: amazinamazing. you call an electrician out on thanksgiving, you know how much money you are paying up. you're right, you look at all the jobs going unfilled in our jobs report that we saw, the latest one today, there are seven million jobs that just cannot be filled. that gap, that skills gap, is huge. is this message starting to get out there, jim? we talked about it, the president has talked about it, increasing funding for vocational schools. do you think the message is getting out there? >> i do think it's getting out there. we are seeing the pipeline being filled especially in the electrical side of things.

we are starting to see the pipeline getting more filled. we are seeing more high school kids asking questions about those type of trades. so i don't have the data but i know for a fact from what we're hearing and seeing, it is happening. ashley: that's good, because it most certainly as we know, those jobs need to be filled. it's a great living. it's a great career. jim james, ideal industries, thanks for sharing it with us. we will have you back soon. thank you so much for joining us. >> thank you for having me. ashley: all right. let's take a quick stock check for you. take a look at barnes & noble. the stock up 11%, up 70 cents at $6.66. did you see this video from the nba finals? part owner of the warriors shoving kyle lowery of the toronto raptors. that part owner has received his punishment and made a statement about the whole thing. we will tell you what he said next and what his punishment

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ashley: have you seen this

video? now there's a big punishment for the minority owner of the golden state warriors who shoved kyle lowery of the toronto raptors during game three of the nba finals. fox news senior correspondent joining us from oracle arena. was it a slap on the wrist or more? reporter: it may have started off as a slap on the wrist, but it quickly got a lot more severe. let's take you to a statement that was issued by the warriors almost immediately after this inexcusable behavior became so widely seen by so many people. the warriors condemned the actions and revoked his vip pass, in a statement saying his behavior quote, did not reflect the high standards that we hope to exemplify as an organization. we are extremely disappointed in his actions. then the punishment got a lot more severe as the warriors and the league slapped him with a half million dollar fine and banned him from all nba activities for a year. an embarrassed stevens went

online and issued a statement apologizing as well, saying what i did was wrong and there's no excuse for it, i made a mistake and am truly sorry. he says he has reached out to lowry to apologize, personally apologize to him as well. ashley, that may not be the end of it. multiple sources are now reporting that the warriors owners group may force him to sell his shares of the team and of course, in the meantime, the players are trying to put this distraction behind them, as they prepare for game four here at oracle arena in oakland tonight. the raptors up in this series two games to one. the warriors hoping to tie things up and leave all the drama on the court. back to you. ashley: half million fine, a year ban, that's pretty severe. thank you very much. appreciate that. i know susan li is like yes, the raptors are up 2-1. what did you make of that? you were probably watching the game. susan: yeah. i thought it was very unsportsmanlike.

this gentleman is a billionaire. ashley: the fine means nothing. susan: he's worth over $2 billion. he invested in google, nvidia, some of his most successful ventures. i was watching this thinking this is a plafan, this is a -- ashley: he used to come on "varney" back in the day. susan: no matter how you feel about the opposing team, let's be sportsmanlike about it. ashley: fine of half a million and a ban of a year. susan: think of the players who stepped in. lebron stepped in right away saying this is inappropriate. other players saying you should not be putting your hands on the opposing team. ashley: rush of blood to the head or something. susan: bad behavior. ashley: bad behavior indeed. all right. we are almost done. we will take a look at this market that continues to surge when we come back. more "varney" after this. hmm. exactly. liberty mutual customizes your car insurance, so you only pay for what you need. nice. but, uh...

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ashley: all right, let's look at the big board. it has been amazing. we started up modestly. at one point we were up 300 points. the dow up 277 points at 25,997, just under 26,000. we did cross that point a short time ago, this has been a heck of a week for the dow, certainly. up more than 1000 points now, if it can hang on the rest of this session. s&p has been up more than 3% this week. the nasdaq too up more than 2% after a run of weeks where the markets, suffering in a six-week run but this week very, very different as you can see. a big part of this has been the fed a very dovish fed, the chances of a rate cut going up based on what we heard. liz: possibly three rate cuts. we have nancy pelosi now weighing in. ashley: on what? liz: jobs report, this is disturbing sign that the administration's disasterous special interest is hollowing

out u.s. economy. ashley: hollowing out? liz: blaming tax cuts. don't mention in the there are more job openings and workers. susan: unemployment rate at 50-year low. economy growing 3% in the first quarter this year. the imf says we're growing 2.6% this year, 2% next year. not exactly recessionary. it was a bad jobs report for a month. ashley: how on earth could they use this as issue, they are. liz: democrats want to claw back the tax cut, use it for their spending priorities like "green new deal" or joe biden's climate change agenda. ashley: to your point, seven million open jobs. we need people to fill them. liz: qualified. ashley: qualified workers. very interesting. look at dow all-time highs we're talking. stu is laughing somewhere. microsoft, 131.64, up another 3% p and g, proctor & gamble, coca-cola, mcdonald's.

record high. visa 170, up more than 2%. it has been that kind of morning. can we hold it into the weekend? not bad at all, the dow up 267 points. our time is up. we've done everything we can. neil cavuto, take it away. neil: i'm sure i will screw it up. thank you. ashley told you we are looking at pretty hefty gains across the board for 28 of the 30 dow components, virtually one of the s&p 50011 sectors we look out. right now the dow and s&p 500 are on the best week of the year, nasdaq the best week in three weeks. the dow has not risen five straight days which is on the verge of right now, since january. we're keeping a close eye on all of that. the prospect of lower interest rates may be sooner rather than later, looks more likely until we get a fairy weak employment report. di