maria: what a great panel. thanks, everybody. "varney & company" begins right now. stuart, take it away. stuart: good morning, maria. good morning, everyone. this is going to be a jam-packed week. let me take you through it. it will be one headline after another. for those who love politics and money, it's going to be a bonanza. stay there, please. let's start with today. we will hear what new sanctions we will place on iran. mike pompeo, john bolton, they are in the mideast lining up our allies. we trying to isolate and contain the mullahs. new sanctions today. also today, bernie sanders outlines his plan to forgive all, i repeat all student debt. that's $1.6 trillion worth of

debt wiped out if he becomes the president. wednesday, the first democrat debate. ten candidates on the stage in miami. thursday, the second debate, another ten democrats face off. i think it's going to be a bidding war. which candidate can give away the most. bernie's $1.6 trillion student debt wipe-out sets a very high bar. at the end of the week, president trump meets china's leader at the g20. this is probably the most important event of the week. if there's a handshake and a smile, the market reacts. if there's not even a smile, the market reacts. so that's the setup. the president goes into the meetings with a strong economy at his back, that gives him leverage. the democrats tell us how they will spend your money. in a moment, you will be seeing how the market is taking all of this. hint, new highs are a'coming. "varney & company" is about to begin.

stuart: all right. here's how the market's going to open this morning. up is the word of the day. 60 points up for the dow industrials, maybe a quarter percent. same on the nasdaq, about a quarter percent higher. we are going up first thing this monday morning. i have mumble mouth on monday, haven't i. his name, man on the right-hand side of the screen, brian westbury, first trust adviser chief economist. have i got that right? >> you got that right, stuart. good to be with you. stuart: the end of the week, if we get just a handshake and a smile from the two leaders, does the market go straight up? i ask that because maybe that kind of meeting, that kind of handshake, is baked in. >> right. well, they are going to have a handshake, they are going to have a smile. the question is what goes behind closed doors, right? what goes on behind closed doors. here's the deal. china cannot afford to allow this to drag on.

they may think they can wait out the president, but the fact of the matter is supply chains are moving from china each and every day. in fact, last week, apple decided and they announced that they were going to move 15% to 30% of their production out of china. we have already seen soft goods move out of china. so every day they wait, they are losing more and more business, more and more exports to the united states. they have no choice but to come to the table and agree to a deal. stuart: okay. now, what most people -- when i say most people, i'm going to speculate here. i think there's a lot of analysts on the sidelines saying look, we're going to get a smile and a handshake, we will not impose the second round of tariffs on china, they will import a couple hundred billion dollars worth of our stuff. that's the extent of the deal. you think it's going to be like that? >> i do, because they have to capitulate to this. you know, when i step back and i look at the economy overall,

there are five threats to prosperity, all right. number one is the fed too tight. no, they're not. number two, tax hikes. we have just cut taxes. number three, regulatory increases. we have just cut regulation. spending, that's a problem in the u.s. i wish we would address spending, because it's too high. then the fourth one is a trade war. we're not at risk of having a trade war. this is one country versus another, it's not a global trade war, and when i analyze what's really going on with china today, they can't afford to lose the supply chains that they have built up over the last decades because if they do, it will hurt them for decades to come. that's why they are going to sit down and come to a deal. stuart: okay. >> this market will keep going up. stuart: that's what we like to hear. stay there. more from you in a moment. i want to turn to immigration. speaker pelosi called president

trump on friday asking for a delay in those threatened deportations. president trump said okay, you got two weeks to come up with some kind of a deal. brad blakeman is with us. do you think anything at all will come of this? will there be any kind of settlement on immigration? >> i don't think so. the reason why i say that is maybe pelosi is buying time for her caucus. i don't think she has control of her caucus. if you just look at the calendar, we've got the presidential debates coming up. it's not going to trump that. stuart: you mean wednesday and thursday, the democratic debates. >> exactly. then what do you do? you only have 30 days at most in july because what are the democrats going to do in august? they're not going to impeach the president in august. they are going home for the summer. stuart: all weekend, jared kushner has been meeting with congressional leaders. they are trying to get something together. isn't there a glimmer of hope? >> i don't see it because i don't think the democrats can afford to give this president anything. i think what the president needs to do is he has to again look to his pen. what executive action can he

take unilaterally to ease this crisis because the democrats, let's face it, pelosi's going to not only have to make a deal with the president, she's going to have to make a deal with her caucus. she needs to get to that 218 votes in the house in order to send a bill that's acceptable to the senate. stuart: meanwhile, those dreamers sit there dreaming, out of luck, if nancy pelosi cannot control her own caucus. now, who gets the blame? >> well, if the president does it right which i think he will, he will expose it for what it is and i would send every cabinet officer who even touches immigration to the border. i would constantly be making news to show the polilight of te folks who are coming here and the fact the democrats are complicit in not helping not only to stem the flow but care for the people who are here, process them and return them to where they came from. stuart: we will see how it works out and what happens.

thank you very much. appreciate it. i want to get back to brian westbury. joe biden says look, i'm going to eliminate trump's tax cuts on day one of a biden administration. roll that tape. >> it's time we start to reward work over wealth. we need big and bold ideas and folks, on day one, on day one, i will move to eliminate trump's tax cuts as well for the super wealthy and literally cut by close to $400 billion to $500 billion the tax loopholes built in that have no social redeeming value. stuart: so roll back all of the tax cuts and stick more tax increases in there. let's suppose this happens. what happens to the economy? >> well, first of all, we have to go back. let's go back to 2017. the u.s. had a 40% corporate tax rate when you add up federal, state and local taxes.

canada had a 26.5% rate. germany had a 30% rate. we have now cut our rates to 27%. in other words, we are competitive with those countries. guess what will happen? if we roll back the trump tax cuts, germany, canada, japan, every other country in the world will stand up and applaud because all of a sudden, they become more competitive than us. so what he will do is make the u.s. less competitive, there will be fewer jobs and less growth as a result of that. this is a crazy idea. in fact, we shouldn't tax corporations at all. the corporate tax rate should be zero because employees, shareholders and customers are the ones that pay it, so if he pushes up corporate tax rates, he's raising tax rates on every citizen in the united states. stuart: okay. i think that spells it out. thank you, sir. see you again real soon. president trump tweeting about the fed. he says this.

i think of what it could have been if the fed had gotten it right. thousands of points higher on the dow, the gdp in the 4% or even 5%, i guess that means growth. now they stick like a stubborn child when we need rate cuts and easing to make up for what other countries are doing against us. blew it. okay. he says that. more coming up later this hour. he doesn't hold back. ashley: wonder what he thinks. stuart: stephen moore is with us later about what the president's saying about the fed. then there's this. el dorado resorts will merge with caesar's, a $17 billion deal. look at the stock price of both companies. el dorado down 9%. caesar's up 15%. lawmakers want you to know how much your data is worth. the likes of facebook and google, they could be forced to tell you. what's this all about? ashley: you are going to get a report every 90 days if a bipartisan bill is introduced and passed.

this bill being put forward by senators mark warner, democrat from virginia, and josh hawley, a republican from missouri, essentially what they want is transparency. they want these big tech companies, those who have a million monthly users or more, to tell you every 90 days what information is being used, your information, where it's going and how much are they getting paid for it. stuart: that's interesting. ashley: i think it is interesting. there's a lot of pushback on this, as you can imagine, from big tech but they say this is what they are doing. they are bundling your information and you know, mine and everybody else's and getting paid for it. we have a right as the person involved in that transaction to be seen -- to actually see what the amount of money is. stuart: fascinating. ashley: i thought we were going to get a refund, you know, give me $50 a month, okay. that's not the story here. it's making them accountable. stuart: just a proposal, but i notice the facebook stock is up this morning. ashley: yeah. stuart: so let's -- okay.

overall, the market is going higher this monday morning. we are going to hit new highs on several of the indicators. that's a pretty good way to start out a monday. we have this for you, too. restaurants going after food delivery companies like uber eats, grub hub, for example. they want those companies to lower the fees they charge to restaurants. they want the restaurant to take -- lose less money, i guess. ashley: yes, they don't want to give up the money. stuart: keep the profit margin. later today, the president signs an executive order. this is all about making health care costs, including drug prices, more transparent. he wants you to know what you're going to pay on the way in as opposed to the multiple bills on the way out. the president says iran can never have a nuke. the white house is going to unveil more sanctions on iran today. we are trying to put them in a corner. i think they're there already. we're just getting started. hey,? oh, hey jeff, i'm a car thief...

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stuart: president trump is talking tough on the prospect of a nuclear iran. watch this. >> well, first of all, as you know, we've done very massive sanctions. we're increasing the sanctions now. but the response is always going to be very strong. i built up a lot of capital, i've had a lot of people that aren't trump fans saying i can't believe, you know, a lot of them said we're going to be in world war iii the first week. didn't work out that way. stuart: james carafano is with us now. we are going to get new sanctions today. do you think those new sanctions will stop the iranians from this new enrichment, uranium enrichment program of theirs? >> i don't think so. but i think the enrichment is an activity of a kind. it isn't a signal that the iranians are going to do a breakout move towards a nuclear weapon. that's the real great danger. look, i don't think the iranians, if they are going to come to the table, are going to come to the table until after

they believe trump will get re-elected. then they might do that but not now. stuart: we are trying to keep them in a corner, contain them, isolate them, and that's what we're going to do. this is our policy, right, not make war on them, just contain them and isolate. that's it. that's what we're doing. >> for all the people that are crazy and jumping off the roof, i would point out that donald trump's policy on iran is exactly the same as bush and obama. it's the same policy. we don't want them to -- we aren't going to invade them and we don't want them to get a nuke. it's actually the strongest policy we have had in some time, it's putting real pressure. we have had analysts come back from the region and reports are the iranians are really feeling the crunch of sanctions. no doubt about that. stuart: the "financial times" just weeks ago had a headline on the front page which said the iranian economy is collapsing, and they used that word. that's serious stuff, james. >> yeah, they've got no place to go. what are they going to do, start

a war with the united states? look, that makes no sense. the only thing that will guarantee the regime will change. are they really going to rachet up their nuclear program? then they will literally cut every tie they have with the europeans. so they are in a box. they have no place to go. they have to look tough. they are in a part of the world where if you don't look tough, you are on the menu so they have to push back some. but i think there's real limits to what they can do. stuart: one more. you've got this $50 billion economic plan for the mideast. apparently it's a peace plan. the israelis are okay with it but i think the palestinians hate it. have the palestinians ever liked and agreed to single peace plan recently in the last couple generations? >> yeah, i always wanted to say this. you are so wrong. it's the palestinian leadership that hates all the peace plans and they hate economic development for their people. what this administration is trying to do which is think is really smart is look at the long

term and go to the palestinian people and say look, your regime that's running you is the problem and if you ever want to live a normal life and prosper, you have to get rid of these yahoos. what he's doing is what he did with everybody, say i will be there. this administration will deliver if you come to the table. stuart: fascinating. yahoos. you sure you want to use that word? you did. okay. you are an army guy, aren't you? >> even before they were a company. stuart: james carafano, great guest on a monday morning. thanks for joining us. always appreciate it. >> thanks for having me. stuart: now, the white house is considering a plan to cut chinese products right out of our 5g infrastructure. how would that work, susan? susan: so look, we need 5g for the fourth industrial revolution, for our robotic and connected future but the u.s. and the white house has already banned huawei on concerns over spying. now they want the western telecom network equipment

providers like nokia to stop manufacturing in china on precautionary concerns that some of these engineers might be inserting security loopholes that might be used for spying and hacking in the future. right now, taking a look at some of the analysts, i guess the surveys, nokia has 10% of their production in china. erikson has 45% of their production still. they could theoretically and should, according to the white house, move that out of china, go elsewhere, if you want to sell to the u.s. for the next 5g telecom networks. stuart: fascinating. we want a pristine 5g. check futures, please. it's monday morning. how are we going to open? word is up. a gain of 60 points for the dow, 20 for the nasdaq. up we go again. you could call this a retail revival. i certainly would. toys "r" us planning to open several stores just in time for the holiday shopping season. big story? we've got it for you coming up next.

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stuart: some big restaurant chains not happy about the fees that are paid to door dash, grub hub, uber eats. this is about the delivery fee. all right. ash, quick question. if there's a $100 bill, you have that food delivered, how much does the restaurant lose out of

that? ashley: about 25%. stuart: whoa! 25%? ashley: $25 of that $100 goes to the delivery. now, this is what's happening. restaurants are saying my god, this is really cutting into our margins. but there are a growing number of delivery services out there, so the restaurants now and especially the big chains are negotiating with all these different services to try and bring that number down. uber eats down to 15%. mcdonald's just did a deal with them recently, went from nearly 20% down to 15%. because it's expensive. these restaurants, that's a lot of money, right? i spoke to someone the other day who has a pizza chain and he said he gets calls daily from delivery services saying how much are you paying right now for your delivery service and they are undercutting each other. this is what the restaurants want. stuart: i love that. ashley: competition. stuart: competition. ashley: to bring down the cost of delivery. stuart: i like that story. it's a good one. futures this morning, monday morning, we will open on the upside. a gain of maybe 60 points for the dow, maybe 20 odd points for

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stuart: the national average for gasoline is $2.66. now, it was actually down 23

straight days, then stopped going down just yesterday. ash, that big explosion in philadelphia, the refinery, is that why -- ashley: yes. that's part of it. of course, continuing tensions with iran doesn't help, either. that's what stopped the streak. that refinery fire in philadelphia could certainly have an impact in the midatlantic where we could see a short-term jump of five cents more per gallon, big issue here is how extensive is the damage to the refinery. at this point it may not be as bad. you can see from the video, big explosion and a fire. this is one -- the largest and oldest refinery on the east coast and is responsible for about 27% of the supply in this part of the country. we'll see as they go through the debris and figure out what it will do to operations, you could see a short hike. stuart: okay. ashley: sorry about that. stuart: there you go. we were all hoping -- ashley: we were on a good run. stuart: $2.50 national average by july 4th. i don't think that's going to happen now. but i still got away with $2.60. that's what i paid in jersey

over the weekend. now, the opening bell is now being rung. by the way, we have ken langone and bernie marcus, co-founders of home depot, they ring the bell at the new york stock exchange today. the 40th anniversary of the founding of their company. they will be sitting down with neil for an exclusive interview, 12:00 noon today. all right. here we go. we're off and we are running. not much of a gain in the very early going. expecting a bit better than this. right now we are up six points, five points, 11 points. flat to slightly higher. the s&p, flat to slightly higher. the nasdaq composite, i'm pretty sure that is flat, nicely higher. we will give them that. ten points higher. .13%. look at this. dwreeld yield on the ten-year treasury, 2.03%. historically a very low number. the price of gold up some more. we are back up above $1400 an ounce, a gain of ten bucks an ounce as of right now.

jeff sica is back with us. scott martin is here in new york with us. susan li, ashley webster here, of course. markets real close to record r territory. scott martin, do you think that's because the market's expecting at least a handshake smile deal with china and america at the end of the week? >> something. maybe a cocktail with china, just to smooth things over at this g20. here's what it is. i believe it's the markets looking at a couple things. the trade wars are not going to escalate, maybe they will level off and i believe the markets as you talked with brian wesbury earlier are starting to realize companies are making other plans. they are moving supply chains. that does take a long time. it's turning a battleship but as we go to vietnam and thailand, there are other solutions in place that i believe the market is saying companies will be okay if things don't work out with china. stuart: that's pushing china toward making a deal. >> it does. they have a lot to lose. stuart: if we do get what a lot

of people are expecting, a smile, a handshake, photo op, would that be enough to put the market up some more? no? yes? >> yes, if we get a deal. but i think the flipside of the coin is if we don't get a deal, if we don't get a deal, i anticipate the market is going to plunge because the -- this is the curse of high expectations. the expectation is we get a deal, we get the photo op, everybody's happy, the market goes up. i don't think it's going to happen like that. i think it's going to be a very, very difficult time from now. the best that the market could get is a delay. stuart: whoa! all right. susan? susan: we point out the phenomenon about how all asset classes are just moving up when it comes to bonds, stocks and currencies. it's very unusual because money has to come from somewhere. the "wall street journal" did an analysis this weekend talking about risk on, risk off, moving in tandem for the longest stretch, 100 days in a row now, its longest stretch since 2016. they are saying basically

money's coming from somewhere, maybe the emerging space but this is a trend that's distorted by trade wars and also central bank liquidity. stuart: you're right. all asset classes are up again. stocks up, gold up, treasury bonds up, currencies up. the dollar is up. one after another, they're all up. that's the same this monday morning. bitcoin. that's up, too. is it $10,000 a coin? $10,800. >> unbelievable, right? stuart: the facebook -- >> could be the libra effect. legitimizing the space a little bit. also, here's the funny thing. bitcoin was all the rage a couple years ago, going to, what, $100,000? those were some of the ridiculous predictions and it crashed. it probably got overdone on the upside a couple years ago and probably overdone on the down side a year ago or so, and it bounced back. facebook coming into the market here does legitimize some of the space and some of the use. stuart: i'm waiting for the day when i can buy something with a bitcoin. i'm not aware of being able to

buy anything right now. susan: also, the supply of bitcoin affecting the price as well. there are only 21 million bitcoins in the world. there is already constrained supply. when you add 210,000 blocks to the chain, i know this is complicated, that's when they half the supply. when there's less supply, demand goes up, prices go up. they say 20,000 may not be the end point this time around. stuart: i'm suspending discussing bitcoin. i've had enough. walmart. look at that stock. $111 a share. they have added ai-powered cameras to 1,000 stores looking at the cash registers to reduce theft. >> bad news for sica. can't steal the milk anymore. >> it's very tempting with self checkout to not scan one of your items. i understand why they're doing it.

i saw "minority report" where artificial intelligence wants to convict people before they actually commit the crime. they want to look at you as you come to the register and see if you're the type of person that's going to -- susan: no, they are trying to protect loss. >> that is what they are trying to do is prevent the crime before it happens. [ speaking simultaneously ] >> -- you stole that milk a week ago and we think you're going to do it again? stuart: the camera's going to be looking at you, fired up with artificial intelligence. isn't that profiling? they will create an algorithm, what type of person is going to steal. isn't that profiling? >> if they want to know everybody who is coming in the store and when you come in the store, they do a profile of you, and when you come to the register, they know who you are, that is what artificial intelligence is all about. if that doesn't scare people, i don't know what will.

stuart: things have gone a bit further than that. they already know who you are, what kind of person you are. artificial intelligence will say whether or not you are likely to steal. >> everybody wants facial recognition. facial recognition is what's going to open the door to that. people who are concerned with privacy -- susan: that's what cashless stores are about. amazon go. that's kind of what it is. you don't need your credit card or wallet anymore. you walk in, cameras pick you up, scanners are everywhere. this is the future, everybody. you want convenience, you have to pay for it with privacy. ashley: walmart's cameras aren't saying here comes jeff sica, we know he will try to slip in an extra quart of milk. i don't think that's true. yes, they can do that but i think they are trying to reduce the amount of loss they have. >> they want to know who comes in the store. that is the foundation of artificial intelligence. when you know who comes in the store, you can -- stuart: we have a big market to

deal with, sports fans. let's do it. the dow industrials did finally achieve a gain at the open of about 50 or 60 points. that's where we are now. we are up at 26,770. el dorado resorts going to merge with caesars. this is a $17 billion deal. el dorado down 7%. caesars up 15%. it had to happen. we will take a look at beyond meat. here it is. it's been down for the past few sessions. it's down again this morning, 3.6%. $148. this time last week it was above $200. susan: ipo'ed at $25. stuart: slack went public last week. they make messaging software for the workplace. down a fraction right now at $36. hasn't moved much from the first trade last week. don't forget uber. they are down a bit today. $43 a share. i think they went out at $45. their rival lyft, where are they this morning? they're at $63.

that is also below their ipo price. more than 400 737 max jet pilots suing boeing over quote, an unprecedented coverup, they say. susan: this is an unprecedented lawsuit, as well. these are pilots, 400 pilots from around the world, in australia, in canada, and they are alleging, they are basically suing boeing, that the 737 max's design gave it inherently dangerous defects when pilots tried to fly them and also, they are suffering from wage losses because the plane has been grounded since the end of march. they don't even see a future for being a pilot of a 737 max. they are suing boeing in terms of what they knew beforehand and how they put them in dangerous situations. ashley: not identifying the pilots or the airlines. stuart: it adds up to the dollar cost of the fix, whatever fix it is. susan: new litigation -- >> that's the thing. this just keeps on giving. stuart: fed ex, they are taking

a shot at ups and offering two-day air for the same price as ground. did fed ex get blindsided by e-commerce and amazon? this is all a reaction to amazon, isn't it? that's what it is. susan: they kept saying no on the earnings calls but the contract is ending at the end of this month. amazon has their own air mrilin fly their own packages. stuart: i hear hustling on someone's mic and it isn't mine. a winning streak at the box office for disney, "toy story 4" pulled in $118 million over the weekend. ashley: not as much as they wanted. stuart: that's right. ashley: at least 140. >> on the top end they were looking for 200. they did an interesting thing. they did not open it on father's day weekend which obviously didn't hurt my feelings any because i actually got to do something on father's day on my own. but typically what disney has done is opened a big movie like this on father's day weekend to get more families out there. this weekend obviously was

later, a week later, therefore they didn't see the same turnout. stuart: would you buy disney at $140? >> yeah, the fact -- stuart: yes? >> yes, i would buy it. i really like what they're doing even though they didn't meet expectation. they own content. they are the kings of content. they are going into streaming full force. they are going to make it big in streaming. netflix is going to give them a run for their money. but they are going to prevail. susan: even with "toy story forfor4" being a disappointment, they own the box office this year. >> "lion king" coming out in a couple weeks. anybody? live action. going to be great. stuart: another "lion king"? susan: beyonce. stuart: my producer just pointed something out that's extremely important. new high for microsoft. >> there you go. stuart: trumpets, there you go.

we are at $138. look, 9:40. time's up. >> good to see you. stuart: thank you very much indeed. now if you look at the big board, we are up 77 points. got it. 26,797. how about that. we will have details on the new iran sanctions. they come out later on today. looks to me like the president doesn't want war with iran. he just wants to contain iran. the white house's mercedes schlapp joins us on that in our 11:00 hour. ford celebrating the release of its new explorer suv. next hour we talk to one of the top ford guys. he will tell us what makes this suv different from all the others on the market. president trump says he's not going to demote chair jerome powell at the fed, but he's still not happy with him. economist stephen moore is next. i want to know what he thinks about the president applying this kind of pressure to the fed. right or wrong to do that?

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stuart: monday morning, it is a modest rally. we are up a quarter of 1%, 67 points higher, 26,780 is where we are. here is microsoft. enough with the trumpets. $137.73 is the price right now. just keeps on going up. nicely done. president trump, sounding off again on fed chair powell. better roll that tape. here we go. >> you threat to demote him, you think that's had an impact? >> i didn't threaten to demote him. >> there's talk you might demote him to the number two spot. fsht >> i would be able to do that if i wanted. >> that's not a threat -- >> i have the right to do that but i haven't said that.

what he's done is $50 billion a month in quantitative tightening? that's ridiculous. what he's done is, he raised interest rates too fast but i'm not happy with his actions. no. i don't think he's done a good job. stuart: now, the president tweeting about this this morning. here is the tweet. think of what it could have been if the fed had gotten it right. thousands of points higher on the dow and gdp in the 4 or even 5s. now they stick like a stubborn child when we need rate cuts and easing to make up for what other countries are doing against us. blew it, exclamation point. stephen moore, economist with the heritage foundation, joins us now. you comfortable with that kind of extreme pressure from the president on the fed? you're laughing. so you're okay with it? >> well, no, look, i do believe the fed should be independent of politics and the president and congress. that's why we set it up this way. but it also should be accountable as well. i think donald trump has a point that that fed has made some bad decisions that hurt the economy, hurt the stock market, hurt jobs and i don't think it's inappropriate for the president

to speak out about that. stuart: i'm sorry to interrupt you but look, would we have growth of 4% and a stock market thousands of points higher on the dow if the fed had not raised rates late last year? >> i think the fed knocked -- maybe not 4, but i do think the fed knocked half a percentage point off growth late last year. remember what happened when we had that december rate increase, which was really one of the worst decisions the fed has made in a long, long time. the stock market crashed, the growth rate -- we had been growing at 4%. you go back to the summer of 2018, prior to the september and december rate increases, and the economy had been growing at very close to 4%. now, do i think we would get back to 4% if we had cut rates, no, but i think it would have provided a nice boost to the economy without inflation. i'm in favor of a quarter percentage point cut in rates. that would erase the rate increase they had in december. but look, i don't know, stuart, do you think it's inappropriate for the president to speak out

about it? he's the ceo of the economy, right? i mean, i know a lot of people in the media do. oh, how dare donald trump say anything negative about the fed and he's challenging their independence. i was happy to see what he said over the weekend, where he said look, i'm not going to demote jerome powell but you know, he's made it very clear to the fed chairman that he's unhappy with their performance, as i am. stuart: hold on for a second. i've got news on the executive order on health care. i know you approve of this. ashley: it says he's targeting hospital prices, basically health and human services will issue rules requesting or requiring, that is, disclosure on negotiating rates. patients will get their payment costs before they receive their care and help quality care be consolidated. that's the aim of this, to know exactly up front what the cost is for hospitals. stuart: that would be nice because at the moment, you can go to the hospital for whatever,

you get your treatment and then you get the bill, then you find out -- ashley: multiple bills from multiple different people. stuart: you do. stephen moore, you approve of this, don't you? >> i sure do. you know, i've got these statistics in my column this morning. i hope you post it. i will just give you some of these numbers. over the last 15 years, inflation rates, for computers, inflation rate is down 70%. for software, down 60%. for apparel, clothing, down 4 prs. what industry do you think has had the fastest growth of inflation over the last 15 years? stuart: health care. >> health care. why is that? there are a lot of reasons but one is consumers don't know what they're buying. they don't know what it costs. i tell this story in my column about a few years ago, i had a shoulder injury. i go to the doctor and he says you have a rotator cuff, you may need surgery. i asked how much is that going to cost. he says you're the first person who ever asked me how much it's going to cost. he said i don't know how much it's going to cost. when you have doctors, neither doctor nor patient who have any

idea what this stuff costs, how can you have a free market in health care? how can you have consumers making cost-conscious decisions? i love this idea. every time you go to a doctor's office they should post the prices. every time you go to the hospital, they should tell you what things cost. if you get an mri, i had to get an mri recently, i called four or five different places because you can get it in any area, and i said well, i was paying out of pocket. one was charging $500, one was charging $300, one was charging $800. why not let people shop around? that will reduce health care costs, won't it? stuart: absolutely. well said. come on back and see how this thing works. stephen moore. thanks for joining us. check the dow 30. we've got a lot of green there. the dow itself it up 67 points as we speak. that's one quarter of 1% on the upside again. an israeli company unveiling the world's first commercial electric plane. it will soon be flying here in this country. we will have the ceo of that compa

company.

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. ♪ ♪

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stuart: i've got some gee whiz science stuff for you. the world's first electric plane. it has a 650-mile battery range. it's already got an order from a regional carrier, cape air. they service cape cod in new england.

joining us now is the company's c ceo. he's with us this morning. thanks for joining us. >> thank you so much for having me. stuart: let me get this straight now. when is this plane actually going to go into service? and i can jump on board? >> going into service is really a question of certification and the process of kind of bringing the plane to market which we are going to do here in the u.s. we expect late 2021, early 2022. stuart: so we are a couple of years away from the first commercial flight of an all-electric plane. >> that's right. stuart: 650-mile range. does it have any jet fuel backup engine? >> no. it's all battery. it's a very big battery, roughly ten times the tesla. stuart: and it's fast, this plane. >> performance in the area of what we see today from turbo props. we are flying around 280 miles per hour. it's a fast aircraft. service is at the price ranges of roughly half what you get from a piston engine aircraft. that's really the promise of electric.

stuart: much cheaper. >> it's not just green, it makes economic sense today. it's dramatically cheaper than you would in any other aircraft. stuart: did you say half the actual running cost? >> we are at roughly half the cost of a piston and roughly 30% of the cost of turbo prop. stuart: you've got to wait for certification. so there's a lot of testing to be done, lots of test flights, whathave you. >> the aircraft was presented last week at the paris air show, but internally, we say this was a great effort to get to the starting line. we are actually starting a process that actually is going to move the center of gravity of the company to the u.s., bring it here, test fly, certify, then go to market. stuart: so it has already flown. >> it flew in paris? >> the plane did not fly in paris. it's kind of a question of where you start and what kind of permits you get. so you want to focus your effort with one regulator and we are doing this with the faa. stuart: it's not yet actually gone in the air. >> that's correct. stuart: you have sold it forward to cape air.

which i would like to use for my trips to cape cod. >> next time you're planning a trip to martha's vineyard. stuart: am i a guinea pig here? >> with the news of the time, i would put it this way, we have been working hand in hand with faa since mid-2018. we believe the process of bringing this plane to market is set in place today. we don't need any regulatory changes. we do believe that this plane could and should be safer than anything else out there today because of the inherent redundancies in electric systems. more motors, more battery option. safe and faster out there. stuart: and it's actually coming. it's going to arrive and we are going to fly this. >> sooner than you think. stuart: omar, thank you, sir. now then, jack hughes, you know the name? he's an 18-year-old from florida, became the first pick of the nfl draft. he's going to play for the devils, the new jersey devils. he's going to join us in our

studio next hour. i want to know what it's like when you get your name called, you become an instant millionaire and yes, you are a mere 18 years old. he's on the show. bernie sanders, outlining his plan to forgive all, i repeat, all student debt. $1.6 trillion worth of it. wiped out. if he gets his way. we'll be back. 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.

. . there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond.

stuart: calling this the great election giveaway contest. which candidate offers the most? at this point i give the edge to bernie sanders. he is giving more right now. bernie outlining student loan giveaway. the entire $1.6 trillion worth of student debt would be forgiven. if you have a student loan and president sanders is sitting in the oval office, your debt will be wiped out. that is his promise. now we can talk all day long about who gets the benefit and how much it would cost and who's

going to pay. step back for a moment, look what leftist politics created here. basically a vast vote-buying scheme. vote for me and look what you get. bernie is targeting millenials, the largest voting block in 2020. fresh out of college, saddled with debt, it would surely be tempting to just vote and get that debt off your back. that's bernie's calculation. he is buying or trying to buy the millenial vote. he is giving $1.6 trillion. senator warren's student plan only gives, only gives 600 billion. student debt is not the only giveaway by the way. "medicare for all" is right up there in the vote-buying business. sanders and warren are offering free health care at a mere trillion 1/2 a year. the "green new deal" includes plenty of giveaways too, a house for all, job, given to you. don't forget reparations for

slavery. a new gift from senator warren, reparations for days, previously denied tax advantages of marriage. right now the democrats are in a bidding war. who can offer the most. wait for debates on wednesday and thursday when 20 candidates will line up. who can come up with the biggest new offer. bernie will be very hard to beat. have we ever seen a presidential election where one party focuses entirely on spending your money to buy power for them. never seen this before. second hour of "varney & company" is about to begin. ♪ stuart: the gain on the big bored narrow ad little, we're still on the upside. 40 points higher. as i said a moment ago, the democrat seems to me are competing to give away the most,

who can spend the most of your money to buy votes. mike huckabee, former arkansas governor, 2016 presidential an date joins us now. do you agree with my basic premise, governor, this is vote buying. >> blatant form of pandering. p.t. barnum for president, there is a sucker born every minute. there has to be a lot of suckers to believe this nonsense. here is my question, if you give away all the student loans, why not home loans? a lot of people got an home loan on adjustable rate. now it has gone up. let's forgive those loans and forgive the car loans. everybody ought to have a right to a car. buy a maserati or bentley. make a big loan for it. uncle bernie will take care of it. good josh, stuart, where will this end? how stupid do they think american voters are?

this they are elected that is darn stupid, that is what it is, money for everybody, for free, gone so far it is patently ridiculous? are we going to buy it? >> well, if we have enough voters whose i.q. is in the single digits we have a problem, houston. but if there are people who just used noodle between their ears something other than to keep their skull from collapsing nobody will believe that a politician will go in and give them organic dinners and lunches for free and provide for them a free home, not just any home, make it a nice home. by gosh, if you will give it away, let's give good stuff away. stuart: do you think it is an opportunity for joe biden to step apart from the rest of the soesist pack and say, i have got some credibility here is it. >> it is an opportunity but so far joe seems to be wanting to pander right along. this is a group of sheep. there is no real leader in the

group. there is no sheepdog. only sheep. every single one of them seemed to be looking at what other sheep are doing, following right along, taking the country right off the cliff when they jump. stuart: if the economy stays strong all the way through to the election, do you think president trump wins easily? >> nothing is easy and in presidential politics but i do think he wins and the reason he wins is because he just needs to continue to point out the progress that we have made under his presidency in employment, jobs, trade. there is so many different things that he has to point to as a positive record. and he can say, would you like to go back to when the economy was failing? if you would like to, anyone of these guys can take you there. they will do it at warp speed. i just don't want to believe americans, no matter how much they may dislike donald trump's personality want to go to the policies that are the most

radically left that have ever been on the american ballot in our history. stuart: i agree with you. i will see how the bidding war goes on wednesday and thursday when all 20 democrat candidates will be bidding for the voters and offering them money. governor, thanks for joining us, as always, see you again soon. thank you, sir. >> something for free. stuart: something for free, right. you remember the big fire at the refinery in philadelphia. that refinery services much of the east coast. now that was on thursday into friday. that is when that big fire occurred. ashley: right. stuart: the price of gas actually stopped falling. we are down to 2.66 as a national average but the price is no longer plunging t went up little overnight. i'm wondering was that fire at refinery, did that have something to do with the reversal in gas prices. ashley: didn't help. stuart: john hofmeister, former president of shell oil, is that

the case here, gas prices stopped falling because of that refinery fire? >> i think that is part of the problem, stuart. the uncertainty about the price of crude owl is adding to it. let's go back to the refinery. the east coast is dependent on the colonial, plantation pipelines that come from the gulf of mexico. it is also dependent of imports that come through new york, baltimore and other harbors. when you have a big refinery like the former sunoco refinery in philadelphia, with a long and distinguished history, have explosion like this, until we know the extent of the dan really too soon to tell. it upsets the balanced of finished product on the east coast. stuart: talk at that the price of oil. we'll get new sanctions announced on iran today. i don't know what the new sanctions are going to be, but the sanctions will arrive. i want to know if this moves the

price of oil further up. what do you say? >> well i think it is really going to be the g20 meeting that will determine the price of crude oil on a longer term basis. if the g20 coombs away with a depressed view of global growth, because china and the u.s. don't seem to get along or don't seem to be making progress, i think that is going to dampen the expectations of the economy for stronger growth in the second half of the year. that could be a real damper on oil prices. if on the other hand the president, and president xi look like they're both intending to reach an agreement, that is supportive of global growth, i think we'll see a rise in crude prices, not only because of global growth, but because tensions you're talking about, iranian tensions will play into that. make the risk that much higher. stuart: do you think we'll produce, i'm told, america is

going to produce what? 13.4 million barrels of oil per day by the end of this year. is that a likely target? >> i think it is quite realistic but a lot of that product is not suitable for american refineries. so it doesn't end up as american gasoline. a lot of that product which counts as barrels per day is going to be exported. it is fine from an economic standpoint for the country but in terms of the price of gasoline it may not make that much difference on the price of gasoline since it is a much lighter product that is coming out of the ground than the american refineries are set up to manage. stuart: we'll take 2.66 national average we have now, see where that goes. john, thanks for joining us. see you real soon. thank you, sir. >> thank you, stuart. stuart: president trump delayed the i.c.e. raids to give congress two weeks to make an immigration deal? can they get it done? brandon judd is our eyes and

ears on the border and he is coming up on the show shortly. national security advisor john bolton, he is in israel. i want to know will holed israel back from attacking iran over the uranium enrichment program they have? david ruben is with us. the i rail expert. number one pick in the national hockey league draft, 18-year-old jack hughes. he is with me in the studio. i wonder what he plans to do with the money he is going to earn, millions of dollars. big hour coming up for you. ♪

stuart: we'll take it. it's a gain, nice one. quarter of a percent higher for the dow. right at 26,800. monday morning rally, take it. beyond meat, however is down

again for the fifth day in a row. it is off $13 today, $140 a share. it is still way above where it went out at the offering price. president trump called off i.c.e. raids on sunday that gave congress two weeks to just come up with an immigration deal, please. on friday night speaker pelosi called the president, asking him to stop those raids. and he did, you got two weeks for a deal. brandon judd, border patrol council president with us now. at the end of the day, brandon, do you think there will be a deal? will anything get done? >> no. there is not going to be a deal that is going to give president trump a win. the democrats are not just going to do that. going into 2020 they are doing everything they can to take this president apart. so they're not going to give him a win. they're trying to push off everything he is trying to do as long as they possibly can. stuart: okay. you're adamant about that? no progress whatsoever at the end of two weeks, nothing is going to happen, adamant on that?

>> oh, i think that they might get a supplemental spending package but i don't think they will get anything that will be done on the asylum end of it. i seriously doubt that i just don't see democrat giving anything up on that. if they were to do that, illegal immigration would drop. president trump would be able to declare victory. i just don't see the democrats giving him any victories going into 2020. stuart: brandon, right now, i believe you're in tucson, arizona. describe for me please the situation there. >> i am. stuart: are we still seeing 1000 asylum-seekers per day coming across the border? >> we're actually seeing a huge drop. ever since president trump was able to get that deal, again, he did this without congress. this is another reason why i just don't think a deal will get done with congress. he was able to strike a deal with the mexican government that any president prior to him would have loved to have had. since the deal had, since he was able to strike the deal we've seen a drop in nearly a third of

the number of people that were crossing the border prior to the month of june. we're already seeing huge dividends of that experience that president trump brought to the oval office. frankly it is paying really, really well for border patrol agents. we're ex-at that time stick to see the -- ecstatic to see the drop. stuart: there is a big drop i don't in central americans? >> yes. stuart: that is the where the big decline is taking place, i take it? >> it is. it is. we're, in the month of may we saw some things that we just hadn't seen before. we were seeing people from african nations. people coming across the mexican border from cuba. all these countries we're seeing huge decline in all of them. major decline will be from the northern triangle countries of the el salvador, guatemala and honduras. we're seeing a drop in everything. and that is very, very welcome because the numbers, completely and totally overwhelmed cpb,

completely overwhelmed border patrol and overwhelmed the resources. we had to see the drop and we're seeing it. stuart: this is the first time on this program, you've been with us a long, long time. first time we had real progpress to report for in terms of number of people coming across the border? >> you know, every time that i have spoken with you, stuart, you and i have been optimistic that something was going to happen. we've been hoping that something was going to happen. now we're actually seeing it happening. and again, i'm glad to be able to come on and report to you, let you know that things are looking up on the border. i think president trump will get done what he needs to get done. these i.c.e. raids will happen. that will help border security. stuart: brandon judd, joining us today from tucson, arizona. thank you, brandon. let me go straight to this. breaking news. the pentagon has confirmed that the military carried outside per attacks against iran. what do we know? ashley: identifying which ones

were involved in the attack on the drones. they were targeting the cyberattack iranian intelligence radar installations we used in the process of broking down that u.s. drone. what is interesting, fox news reported that radar sites were turned off in anticipation, unclear whether they were turned off because of the cyberattack or the iranians shut down the installations knowing there would be a counterreaction from the u.s. either way they are confirming that the u.s. military, used cyberattacks in retaliation to the drone downing. stuart: now we know. ash, shah. thank you. hundreds of 737 max jet pilots, pilots, hundreds of them are suing boeing over what they call an unprecedented coverup of the flaws in the plane. do they have have a case? judge napolitano coming up on that in a moment. china tariffs, how bad are they hurting ford motor company? i will ask ford's automotive

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stuart: for benefit of our radio listeners, we're up 64 points. one quarter of 1%. the dow is in a rally. subpoena 500, very modest rally there. how about the tech-heavy nasdaq what is that up to right now? it is up just a fractional gain. virtually unchanged. keeps getting worse for boeing. how about this? 400, 737 max jet pilots are suing over what they call an

unprecedented cover up of flaws in the plane. judge napolitano, fox news senior judicial analyst with us now. all right, broad question, do they have a case? >> this is interesting. it is filed in australia and in the united states district court in chicago. i can't give you an opinion on australia law but i can tell you a case like this will certainly survive a motion to dismiss, meaning there will be some litigation on it. look, these are people who stand to lose the most. they're losing income because they're not flying as frequently, because the planes have been grounded. moreover, they were given software which was deficient and manufacturer of the software knew of the deficiency, didn't tell them. what jury will find that sympathetic? stuart: so they do have a case? >> they do. i don't know where it is going to go. just from my general knowledge of boeing, they will never let this get to a jury. they will pay whatever they can to keep it from getting to a

jury. stuart: what often happens is, essentially, it is a question of, was i harmed? >> yes. stuart: how was i harmed? >> yes. stuart: was i harmed because you didn't tell me the full story. that is what it is? >> was i in harm's way without knowing it because you didn't tell me the full story? that is what they really want to say to a jury. stuart: so you think they will settle? >> i think they will settle. their claim is loss of income. they can demonstrate the loss of income. i'm smiling, because i know you hate this phrase this, is a class action. i don't think it is quite properly a class action. there is a finite number of max 737s out there, a finite and known number with identities known of pilots who have been flying thee things. i don't think it is a class action. that doesn't diminish its value. that may make it more valuable. instead after coupon coming to

the plaintiff and big money going to the lawyer, the big money will go to the plaintiff and lawyers fees. that is way it is supposed to be. stuart: chance of punitive damages? >> could be. we know that boeing knew about this, held it back. stuart: thank you, judge. good stuff. the trump administration is considering requiring all 5g cellular equipment to be made outside of china this comes as president trump, and china's xi xinping, they're set to meet later this week at the g20. what else we got? susan: they will be talking about huawei on many different fronts. after banning huawei, putting it on a trade blacklist, the white house, the trump administration want to go one step further. the other suppliers for telecom network equipment for 5g network, they include erickson, nokia, they want the companies stop manufacturing in china. nokia still has 10% of production in china last year. erickson has 45% of production. what the white house, trump

administration is concerned about, whether the chinese engineers insert security loopholes into the equipment which could be a spying conduit, hacking in the future. those are the concerns over huawei as well. stuart: that is a reasonable concern. susan, thank you. coming up our israel expert, david rubin is joining us from jerusalem. what he thinks about the administration's 50 billion-dollar peace plan for the middle east. more "varney" after this. ♪ what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything?

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♪ stuart: we really going back. october of 1962.

ashley: black and white film. stuart: yes. it is a good song. get more modern stuff. susan: now you're talking. stuart: national security advisor john bolton is in israel. he had a clear message for anybody who called the u.s. weak, after president trump called off a retaliatory strike on iran better roll the tape, please. >> neither iran or any others hostile actor should mistake u.s. prudence and discretion for weakness. no one granted them a hunting license in the middle east. stuart: tell it, mr. bolton. we have israel watcher, david ruben. why is john bolton in israel? is he there to say you attack iran, we got you back, or is he there to say hold off, don't

attack israel, which is it? >> none of the above. stuart: okay. >> he is in israel for a trilateral meeting. it is bolton an national security advisors of israel and russia. he is there about the economic peace plan. it is quite an event, i bet it is. this 50 billion-dollar peace plan we're hearing about, israel likes it but palestinians do not, am i right there? >> yeah. except who is being offered the a billion dollars? stuart, if somebody offered you $50 billion, would you accept it or would you reject it? well the palestinians, the

palestinian authority, to be specific, are rejecting it out of hand. and it is primary for two reasons. the first reasons is abbas has a very corrupt government. the safe guards in the deal of the century, in order to prevent the money getting into the pockets of abbas and all of his cronies. they don't like that. they want to have control over the funds. they want to use the funds, to hand over to the terrorists that they reward with salaries. stuart, i don't know if you realize this. you know i was wounded in a terrorist attack years ago, along with my 3-year-old son who was shot in the head. do this day, that was 17 years

ago, to this day they're still receiving salaries from the palestinian authority. they want to continue to do that. abbas want to continue. stuart: doesn't look like this 50 billion-dollar peace deal will really go anywhere, does it? >> well, it won't go anywhere with the palestinian authority. won't go anywhere with fattah, hamas, islamic jihad terrorist organizations that comprise the palestinian authority. where it will go someplace is cooperation between israel and the other arab countries because the other arab countries are starting to see that the palestinian authority really isn't very serious about any sort of peace plan. all they want is to have jerusalem as their capital. all they want is to have israel basically. and so, they're playing a very two-hand -- they're speaking out

of both sides of their mouth and they're not going to come to any sort of peace agreement with israel because, that's not really what they want. stuart: okay. look, david, you're our middle east, you're our israel expert. we thank you for bringing us your view of this. we appreciate it. you're an informed person. that is what we like. david ruben, everyone. i'm sure we will see a lot of you soon. thank you very much. there is this. virginia democrat senator mark warner, missouri republican, senator josh hawley, they have got a bill that would require social media companies, google, facebook, the, to disclose how much your personal data is worth. they are putting a dollar number on it? ashley: they are. you will get a report every 90 days. stuart varney, this is what we know about you, this is what we shared with companies, this is how much it is worth, your case millions i'm sure. the lawmakers said this, i think this quote kind of sums it up,

if you're an avid facebook user, chances are facebook knows more about you than the u.s. government knows about it. people don't realize, how much data is being collected. two, they don't realize how much the data is worth. this bill would put a dollar number to it. it requires the big data companies to report to the fcc once a year total value of the user's data they have on their books. applies to companies with over 100 million monthly users. the bottom line here is transparency. they want people to know that your data is being used, is being sold and for how much. that is interesting. stuart: i would love to see the dollar number. ashley: yeah. stuart: if the dollar number would vary from person-to-person. ashley: if you got your name, your location, and maybe your relationship status that could be five bucks t could be 20 bucks, who knows. depends on the person. stuart: i guess so. can't really -- ashley: i know. stuart: where are they going with that? so i get the dollar number.

i find my dollar number. then what? susan: shows people your data is worth something. when you sign up or services for free. they are profiting off you. a reminder to the individuals this is not a free world we live in. these companies are worth billions and billions dollars. why? because have your data. 2.7 billion on facebook, instagram, and whatsapp. stuart: i want a check. you can do what you like with the information. give me the check. thank you, susan for telling us how it really works. thank you very much. susan: just letting you know. stuart: marquette university, this is for you, marquette university will not require applicants to take the s.a.t. or act any longer. they are joining 1000 other schools. why are they turning away from this? susan: college admissions scandal? what did that prove to you, if you have money and influence your kids can get into the best college and have the best

education on the planet. marquette is joining 1000 other schools, university of chicago, bowden college, 40 other schools are considering not accepting standardized testing like the a.c.t. or the s.a.t. recently georgetown university came out based on standardized testing the college makeup, would be white, wealthy, male. in order to change that, help those that are disadvantaged, like blacks and latinos, it increases the diversity on campuses, it gives those that can't afford $10,000 for school prep and princeton review charges 2100 for one-on-one tutoring sessions. stuart: if you don't use the s.a.t. or the a.c.t. what does market use? >> they go based on your extracurricular activities and scores at schools. didn't colleges say they would have a new, what is it?

adversity score they were introducing as well in the future. maybe you don't need the s.a.t. or the a.c.t. stuart: totally at sea with all of this. ashley: what is the measure? what is the standard everyone has to try to meet? that's the question. stuart: yeah. are you allowed to practice to, meet that standard? are you allowed to employ experts to help you get -- ashley: no, because others are not, who are disadvantaged, wouldn't get access to those things. susan: in affluent neighborhoods, 3/4 of the kids got extra tutoring. that is not the case in disadvantaged neighborhoods obviously. ashley: that is the issue. stuart: you're not allowed to spend to give your child a leg up? susan: well -- stuart: not allowed to do it. ashley: you can, it can't always help, because too slanted in that direction. stuart: do you see where you're going with this, if you successful, made money, not allowed to use that money to help your kids or your own progress.

susan: how do you help the families that can't afford to get extra help? >> i don't know. why do you punish me, why do you punish me for my success? why do they punish asians in harvard and what have you? because they work hard. they get good scores. oh, no, not allowed to do that. what is going on? why are successful people punished when they want to get ahead just because they're successful. susan: counterpart, how do you help the disadvantaged? stuart: you go help them, fine with me. i will pay for it. don't punish me. don't do that. susan: there you go. there is the rub. it is a hard balance. stuart: it is very hard balance. no question about it. how about this one. he is 18 years old. his name is jack hughes. he was drafted first overall by, the new jersey devils. this is the hockey draft here. he is with us. he is on the show. he is bringing with him hockey

legend martin brodeur. that is a big deal. boston bruins, they're under fire. why? because they partnered with barstool sports to sponsor rally towels. you can't do that. media says that is shameful. bar stool's founder, david portnoy will respond. big show today, i promise you. ♪ - did you know that americans that bought gold in 2005

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gold is now on sale at prices unseen in years. and this year could be one of the greatest gold buying opportunities of all time. call now while vault inventory remains. as one of the largest u.s. gold coin distributors in the country, the u.s. money reserve has proudly served hundreds of thousands of clients worldwide. don't wait another minute. call now to purchase your american eagle coins at cost for the amazing price on screen now. stuart: a rally. very modest. we'll take it. let's get to this, special guests, i mean special. we have with us the number one pick in the nhl draft. his name is jack hughes. he is 18 years old. we have also with us the

greatest goaltender in the sport, martin brodeur. i will start with the 18-year-old. forgive me for picking on your age, heard your name called. and you were an instant millionaire? >> i wouldn't say instant millionaire. stuart: yes you are. >> still on a real high. i haven't inguessed it yet. stuart: yes you have. >> it's a roller coaster ride. stuart: are you 18, you bought your first car? >> not yet, no. stuart: what are you going to buy? >> i don't know. car was not be the first purchase. stuart: what is the first purchase? >> a watch and shoes. stuart: a watch and shoes. >> i don't know if i can afford a car right away. stuart: you can afford 10 ferraris. are you a attacker. >> i play forward. stuart: this young man is a forward. how many fights have you been involved in. >> zero fights. you see i have all my teeth

left. no fights so far. stuart: new to the game. martin wrote during you brought the young man into your operation, i think? >> this is something really special on friday. having the chance to select number one overall. obviously jack was sitting there. i think it will change our organization. he is tremendous talent. stuart: what will he do for you? >> he is a young american. obviously we're trying to grow the sport. for us having our fans and be able to cheer on somebody from their own, with all the young players coming up in youth hockey. we're obviously trying to get better, trying to get to stanley cup championship caliber team. he will be a big part of the puzzle coming forward. stuart: you just finished first year as head of business development. >> yes. stuart: we had you on as you started out. >> yeah. stuart: tv ratings have gone up for hockey. how do you explain that? >> it is exciting game. playoffs, certain teams were not expected to be there, to be able to win the stanley cup.

there is a lot of good buzz, good talent, good personality. we made a huge trade over the weekend to bring pksuben to come in new jersey. that will be a good boost for our hockey club. stuart: now he is defensemen, right? >> yes. stuart: did i get the terminology right? >> that's right. stuart: not a goalkeeper, goal defender. you're a forward, with all your teeth. >> yeah i do. stuart: do you oppose fights? >> trying to stay away from that more after skill guy not a fighter. stuart: a what? >> skill guy. stuart: skill guy. i thought you said skull guy. are you going to brit young man into the mine more leagues, then with the big guys? >> that is not my decision. i think he will have a good shot making the big club. i think he is proven good enough to make the jump. we'll see. it's a different league. he will play against men.

guys are a little tougher. we'll surround him with good players. stuart: worried about this, mr. hughes? >> i think i'm pretty confident about it. i'm really excited about the chance to play in the nhl. stuart: have you known all your adult life, from the age of 10, 11, 12, 13, have you always known -- >> you consider that the adult life? stuart: okay. i'm trying to be nice, son. i'm trying to be quite reasonable here. i don't want to get into a fight with you. have you always known, right from the get-go that you would be one of the greats? >> uh -- stuart: yes. you did, didn't you? >> i think that i just loved playing hockey. stuart: you knew it, didn't you? everybody always told you are fantastic, they have done that, haven't they. >> i wouldn't say everyone but it has been awesome. stuart: do you have any idea how many million you make in the first year? >> no. i don't. i haven't even thought about that. stuart: yes you have. of course you have, son. it was a great pleasure.

martin, welcome back, good to see you again. jack, congratulations. you will really be something. >> thank you. stuart: i hope you can come back real soon, tell us how you're doing. thanks, everybody, appreciate it. next our exclusive with ford's automotive president joe heinrich. we'll ask him how badly are these china tariffs hurting ford? we'll ask the question because he is on the show. look at this, this is minute paying go's mini-wini. outside the studio. don't have a camera on it. we'll tour the thing with winnebago's corporate relations director. we'll get back out there soon. ♪

stuart: we have this for you, ford unveiling the new 2020 explorers, and lincoln aviator. we have ford's joe heinrich. welcome to the show. good to see you. seems to me ford exists entirely

on suvs and light instruction, that has taken the market. that is the ford motor company today, isn't it? >> well certainly you know how important f-150 is to us. you love your f-150. we're investing heavily into the suv lineup. we have great explorer and aviator at the chicago assembly plant. they want bigger vehicles with good fuel economy. stuart: they want bigger cars. new aviator, new suvs are they bigger than the old ones? >> actually about the same size as previous generation explorer which is america's best-selling suv of all time. now rear wheel drive platform. we offer a hybrid. you can get 500-mile range on explorer hybrid. many offerings, different package, rear wheel drive and good economy. stuart: is the f-150, still

best-selling brand or mark or vehicle in the united states? >> yes it is. f-150 has been the best-selling truck for 42 straight years. been best-selling vehicle overall for 37 years. we're working hard to make that another year this year. stuart: i have seen some layoffs at ford recently. is that because of the tariffs on chinese products. >> no, stuart, we're focused on reducing management and bureaucracy layers in our company. took out management layers. nothing to do with the china trade situation. we're getting more fit, more competitive inside of ford motor company. stuart: if these tariffs were taken off, would you benefit significantly? >> we certainly bring supplier parts in from china. we don't import vehicles, we export from china. we have net export situation with china. so actually what we're more interested in actually, how the two companies work together.

if they work well together, good for the economy, good for both companies. stuart: can you give me a rough estimate, how much it would cost to buy one of your new lincoln aviators, 2020 models. just roughly how much? >> there are some different variations between the plug-in hybrid to black label and platinum. anywhere from 40 to $60,000, really that change. stuart: that is pretty good. i have to call it quits at that one. joe, thank you very much for joining us. congratulations on the new line. maybe i will drive one one of these days. you never know. you never know. >> great being with you. stuart: thank you, joe. appreciate it. president trump, i think he has got leverage with our adversaries around the world because we got a booming economy. iran, europe, and china. we have leverage with them all, because of the economy. that is my take, top of the hour coming up. boston bruins being called shameful for partnering with

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stuart: president trump is re-aligning our relationships with the rest of the world. he is negotiating. he wants change, to make progress and to get foreign powers to the table, he needs leverage and he's got it. it is the trump economy. we have the best growth, we have prosperity, that gives us power and our president is using it. on wednesday, mr. trump heads to the g20 meeting in japan. he will sit down at some point with china's leader xi jinping. this is the most important face-off in the recent history of summitry. our president wants more trade, not less. he wants an end to forced technology transfers and intellectual property theft. if our economy were not so

strong, we wouldn't get much, would we. today, we are going to see what new sanctions we will apply to iran. we are trying to isolate them, contain them. we couldn't apply this kind of pressure without our own energy independence. we couldn't cut off iran's oil exports if we weren't producing a record amount of oil ourselves. 13 million barrels a day of american production gives america leverage. economic power. it's already paid off in relations with mexico. mr. trump threatened tariffs and mexico quickly made changes to its immigration policy, and it's paid off in relations with europe. they are heading for recession and breakup. they are in no position to mess with the american juggernaut. they will jump at a trade deal with us when britain leaves the european union. it's monday, june 24th. the start of a big week. a week in which we will see america's economic power used to advantage on the world stage. the third hour of "varney &

company" is about to begin. stuart: 90 minutes into this trading session, it's been like this all morning, a very modest gain for the dow. 40 points higher at this stage. but look at this. the yield on the ten-year treasury, that is not historic low but it's pretty close. 2.02%. that is a very low yield on a ten-year treasury. anthony chan is with us, former chase chief economist. welcome back to the program. >> glad to be here. stuart: i say that our booming economy gives us power and leverage. will our economy continue to boom until the election? >> right now, we have a good economy. we certainly have the lowest unemployment rate in close to half a century. we certainly have good momentum. already for the second quarter, we are probably going to look at economic growth at least 2%, consumer spending knocking on the door of 4% growth in the

second quarter. this is very robust growth. certainly that gives us leverage. there's no question. stuart: does it continue? >> well, i think that in the second half, if we continue along this path of making deals and not having too many bumps in the road, if we at least reach some sort of truce with china, we already did that with mexico and canada, i think that we can continue the economic growth moving forward. there's no doubt. stuart: failure to reach any kind of deal with xi jinping, that is the only dark cloud on the horizon for our economy. is that accurate? >> it is the major dark cloud but we do have an out, and that is the federal reserve, has the possibility of actually cushioning the blow by lowering interest rates. right now, we have the best labor market in 50 years. there may not be an immediate need but certainly they made it very clear if some bumps along the road come, they will rescue the economy. stuart: let me sum it up like this. i said that our strong economy gives us leverage. are you also agreeing with me in saying yes, you've got leverage now and the economy will

continue to do well and we will keep that leverage? >> there is no question. because if you had a weak economy, then obviously you don't have as much leverage. china, for example, they grew last year at 6.6%. they are going to grow this year somewhere around 6.3%. the economy is slowing down. we know that they have a huge labor force that they have to create jobs. they want to minimize social unrest. so hopefully all that leverage that we have will lead to some sort of a deal. stuart: we are one really solid rally away from record highs for the dow jones industrial average. you think a handshake deal with xi jinping will give us that upside move on the market? >> i think it will, and if we get an insurance rate cut from the federal reserve, we are off to the races. stuart: so a deal with xi jinping is not baked in at this point. >> no, it is not. stuart: so it's an added extra if we get that kind of thing? >> it is an added extra. stuart: doesn't matter what kind of deal it is, as long as they smile, shake hands -- >> that's all wall street wants. they just don't want a

deterioration. even if it's just a stabilization. even if it's an agreement to agree later. that will be good news for wall street. stuart: you have been around a long time on wall street. you have studied the economy over various periods of time. back in the late 1990s we used to call it a goldilocks economy. do we have a goldilocks economy now? >> no question we do. we will find out what the core consumption deflation is going, probably somewhere around 1.5%, remember the target is 2%. even though we have a red-hot labor market we don't have a red-hot inflation picture. stuart: i don't want to push politics on you. will you call this the trump economy? >> i will call it a very favorable economy that is being guided by president trump. stuart: all right. that's a good compromise. that's very good. anthony chan, pleasure to have you back. thank you, sir. couple of different markets to look at. first of all, oil, we are down a

little this morning at $57 a barrel. bearing in mind we are going to get new sanctions announced on iran. taking the price of oil actually down. there's a surprise for you. the price of gasoline is pegged at $2.66. that's the national average for regular gas at this moment. look at gold. six-year high, up 11 bucks, $1,412 per ounce. each bitcoin now worth, what, $10,941. that's the state of play at the moment. a little later on the program, we are talking to naem aslam, who said bitcoin would hit $10,000 in the last two weeks and it did. he's back on with another prediction today. some individual stocks. el dorado resorts merging with caesars entertainment. it's a $17 billion deal. el dorado is down four bucks. caesars up $1.60. beyond meat.

we have to quote this. it was down five days in a row and is down again today. we are off 12 bucks at $141. how about slack. it went public last week. they make messaging software for the workplace. they are actually a tad below the first price that they traded at, $35 on slack right now. let's update the ride hailing services. uber right now is at $42 a share. below its offering price. its rival lyft currently is at around $63 per share. that is also just a tad below its offering price. there's your catch-up on all the ipos. we are calling this the great election giveaway. which democrat can give away the most stuff. joe biden, he wants to eliminate the president's tax cuts on his first day in office and use the money to pay for all kinds of free stuff. elizabeth warren wants reparations for same sex couples.

oh, and don't forget bernie sanders. he's going to wipe away all student debt. $1.6 trillion worth. they are trying to buy your vote. the problem with every single item, who's paying for it all. we will try to deal with it. the president signing an executive order today to make health care costs transparent. charles payne on all this, next. ♪ is where people first gathered to form the stock exchangeee, which brought people together to invest in all the things that move us forward. every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of life and investing are greater when we come together.

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stuart: there he is, literally as we speak. bernie sanders is unveiling his plan to forgive all student debt, $1.6 trillion worth of it. by the way, he wants to tax wall street transactions to pay for it. you know, you better bring in charles payne for a subject like this. he's the host of "making money" on fox business.

he joins me now. okay. bernie wants to forgive all student debt. i got that. but he wants to pay for it by a tax, i think a half percent, on all transactions. what do you think that would do? charles: i don't think it will add up to the $2 trillion he said it would over ten years. what it does is open the door, because we have seen taxes before, stuart. it's sort of a reminder of value-added taxes around the world or the alternative minimum tax in this country. they always start small and it's always going to be a small fraction of the population, so .5% won't be enough. then it will be 1%. i see where this is going. meantime, he's actually going to the degree president obama did, making the situation worse by lower end kids, suggesting with a wink and a nod at some point we will take care of this for you. the big problem, the biggest problem out of all of this is half of these students who enroll for four-year college degrees don't get a degree. they are saddled with debt

without the diploma and they are the ones who are suffering. why would we bring more, why would we lower more kids into that sort of a system under the premise or the suggestion that hey, someone else is going to pay this off. stuart: you know what i'm saying, he's buying votes. you offer free stuff, you vote for me, you will get this for free, it's a charade, but that's the idea. charles: it does appeal to millenial voters. you have the largest voting bloc out there. here's the thing. the average person now when they graduate from school is about $37,000, that's a 10% down payment on a $300,000 house. that's a car. that's a wedding. people borrow money for weddings. that amount of money covers a lot of things. it's certainly enticing that someone will essentially give that to you. it's wonderful. stuart: in the background on the left-hand side of your screen, that's randy weingarten,

president of the teachers union. i also want to talk to you about joe biden. he says, he says on a day one of a biden administration, he would roll back all the trump tax cuts -- hold on -- listen to joe right now. roll tape. >> and it's time we start to reward work over wealth. we need big and bold ideas and folks, on day one, on day one, i will move to eliminate trump's tax cuts as well for the super wealthy and literally cut by close to $400 billion to $500 billion the tax loopholes built in that have no social redeeming value. charles: those aren't necessarily new big or slash bold ideas. every president on both sides of the aisle promises, they go through the tax code and get rid of the loopholes. it would be great if he did do that. what he's not saying is the day i'm elected, if you don't have any job skills and i take everything from all rich people

in the world, you still won't have job skills. what am i going to do for them to improve their own lives rather than pun eishing someone else for their success. it's an old playbook. it's worked sometimes. biden is not getting off the old playbook. what he's talked about so far are old democratic ideas, themes and myths that he's just not going to move away from. stuart: heaven help the economy if you roll back the tax cuts. charles: look at what's happening in eight of the last ten months, blue collar worker wages have grown faster than overall wages and have grown at the fastest rate in more than a decade. they are being rewarded. i hope someone out there who is finally getting an authentic pay raise for the work they're doing isn't misled or saying my ultimate goal is to bring a rich person down just as i'm starting to get a bite of the apple. that's going to be a huge mistake for voters. stuart: we heard a lot recently about reparations for slavery. now senator warren wants $57 million given to gay couples as

reparations, because they did not get the tax advantages of marriage before gay marriage was legalized. what do you make of that form of reparations? charles: listen, first of all, i'm not even sure how she got the number. it baffles me that she got the number at all. but this reparations path is going to really start getting packed. it's going to become a super highway, not just a path, pretty soon. listen, there have been some unfortunate atrocities in our country and one of the beautiful things about it is that we have worked really hard toward addressing them over a couple hundred years, and it's something we should all be proud of. it doesn't mean that it's done. doesn't mean that we don't have work to do. but occasionally i think we should pause as a nation to reflect on where we have come in such a short period of time as a relatively young country and say let's just stay on this path. the things they are talking about, listen, a couple years ago there was a payment, the pickford decision which paid black farmers. stuart: that one. yes. charles: my grandfather was a

black farmer who was discriminated against severely. they never had any indoor plumbing his entire life. they didn't have electricity. and they grew a family and they were discriminated against but some people who got money, even in my family, they weren't farmers. they weren't part of that. some people did well with it, some people squandered it. but it didn't change the circumstances. we got to be very careful. do we want to help people going forward door we want to keep fighting the fights of yesteryear. stuart: good question. before we let you go, the dow is up 50 points. you have consistently said this market is going up. still going up some more? charles: i was doing a lot of work over the weekend. my wife got angry so i couldn't finish it. but i went back to 1954. these kind of breakouts we are in the midst of now, not when we hit the top and pull back but the double tops and triple tops, more often than not when we break through these, we are going up for another two or three years.

stuart: whoa! charles: more often than not, that's been the case. reason i bring this up, a lot of people when you hit a new high, the first thing people say is sell. that works the first new high. generally, maybe you hit a double top, pull back the second, but when you start breaking out the third time, these kind of breakouts usually have legs and we have rallied through, you know, the great depression, through vietnam war, through the cold war. stuart: democrat president. charles: good one. in other words, every major hurdle out there. stuart: you're right. i don't know, if this keeps on going, this will be the longest and biggest bull run in my memory, maybe ever. because we are ten years into the bull run already. charles: although if you think about that quick slight move down in '87 it was just a three-month blip. take that out, that was a 25-year bull market. stuart: oh, wow. charles: 12 and a half years before, 12 and a half years

after. just with that three-month slip or so. don't get too hung up on how old this rally is. stuart: i won't. charles: age is just a number. you know that. stuart: charles, thanks very much. see you at 2:00 today. check this out. this is from the plaza right outside our studios right now. that's winnebago's minie winnie recreational vehicle. they are going to try to sell me an rv. charles: you are a van man. stuart: i'm an f-150 truck guy. thank you. all right. here's the tease. imagine waking up on an empty plane alone, locked inside, pitch black, freezing cold. you are inside a locked airliner. that's what happened to a woman who says she fell asleep on a 90-minute air canada flight. we will tell you what happened next. ♪

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problems with the 737 max. ashley: the anti-stall program. they say it basically had inherently dangerous defects when pilots tried to fly it. it was very difficult to try and counteract the effects of that software. they also claim in this lawsuit, there's over 400, there's a class action, be interesting to see who [ inaudible ] with this. the planes have been grounded ever since the two planes crashed. they also, they say, have experienced career uncertainty as a result of all this. this is separate from other legal actions being taken from the victims' families of these two crashes. this is a problem for boeing. back when it started, they said no, this plane should not be grounded, there's nothing wrong with the software. now we are finding out maybe the pilots weren't fully informed about the new changes to the software. stuart: got that. another airline story, a different kind of airline story. a passenger on board an air

canada flight woke up totally alone in a pitch-black dark plane. deirdre: tiffany o'brien woke up to freezing cold, complete darkness, realized everybody had gotten off the plane. relatively short flight, as i understand it. quebec city-toronto. she was seated in the middle of the plane. she realized the doors were shut, power was off. she tried to get into if cockpit. she found she calls them walkie talkie things. she tried to signal somebody. that didn't work. she tried a flashlight, she was thinking pretty clearly, tried to use the flashlight to reflect off of the plane's metal and eventually got the attention of one of the luggage cart drivers that was kind of powering through and eventually they helped her out. but she said it's been an absolute nightmare. she said she doesn't sleep very easily, she keeps thinking that she's waking up in cold, dark places. air ckacanada has responded to saying please send us a private message because she has been

posting on facebook, we would like to understand highwow this happened. ashley: it's not as if she was in the back. deirdre: 32a. you would think a cleaning crew would have noticed. she was very happy because she had scored this entire row. maybe she was under blankets. ashley: who knows. deirdre: air canada will have to pay, i'm sure. she has a lawyer. stuart: case closed. the market right now is showing a modest gain. modest all morning long, a modest gain, not varying very much. we are up 40 points. show me bitcoin, please. next, we have the market watcher who said bitcoin would indeed hit $10,000 over the next two weeks. it did. he will give us his next prediction where bitcoin goes from here. so with a nationwide annuity, you can get protected

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stuart: the dow is hardly moving at all. you've still got a gain of about 40 points, 26,700 is where we are. now this. our next guest said last month that bitcoin would blast past

$10,000 per coin and it did. so let's bring bam ck naeem asl. we are nearly at $11,000. where to from here? >> thanks for having me. i think the only way for the bitcoin price is to move higher from here. as long as we stay above the 242-day moving average which i have been preaching for awhile, i don't see this thing coming down any time soon. i think it is highly likely that in the long run, the next bull run is going to be about the range of $60,000 u.s. to $100,000 u.s. in order to achieve that, first of all we need to break two major hurdles. the first is all-time high, $20,000, because once we have broken that it will be no longer about $30,000 or $35,000. the market will just start pricing in the next important level is $50,000. once we break $50,000 the next

level everyone will talk about will be 100,000. stuart: i think you got our attention with that. 20, on to 50 and on to 100,000. okay. you got the 10,000 forecast right. let's see what happens with your much higher forecast. now, do you think that this rise in bitcoin has anything to do with facebook's introducing or saying they are going to introduce their own crypto currency, the libra? because that might make the cryptos reasonable, legitimate, so to speak. has that got something to do with this? >> i would concur with you that yes, it has provided enough tailwind and it will continue to provide tailwind and headwinds, depending how the project would perform, but what i'm also watching within this space is two major important things. other major enterprises like facebook and what i mean by that is companies like amazon, apple, any of these major enterprises coming in announcing anything

within that space, and the maturity of the tokenization of the digital asset, where you can actually create liquidity out of non-fungible and fungible ass s assets. i think that space is really going to provide that sort of momentum that we need in the market for the bitcoin price and for other digital coins to move forward. stuart: look, one of the problems that i would have with bitcoin is what can i buy with it? i understand that it's kind of an investment vehicle, a trading vehicle. i'm looking for a capital gain. it might be a flight to safety. but what can i actually buy with it? >> bitcoin is a commodity. it's a store of value for you to diversify your risk. if you look at bitcoin's price action and compare that to gold's price action, what can you really buy with gold? pretty much whatever you can buy with gold, you can also buy with

bitcoin as well. if you compare the price for these two so-called derivatives over the last two months or so or especially the last few weeks, you can see the huge spike. the huge spike is happening because of the qualms around the market, economic growth and secondly, the ongoing trade war between u.s. and china, and the fed, the most important thing is the possibility of another major war or the unrest which is taking place already in the middle east. stuart: would you say that bitcoin is a whole new asset class? >> yes, it has, certainly it has acquired that reputation as a safe haven, as a different asset class than gold and we do have clear evidence of investors parking their capital. stuart: naeem aslam, you see bitcoin blasting, you are

smiling, we are blasting toward $20,000, then it's on to $50,000, then maybe $100,000. you are on videotape saying that. it's going to be looped around forever and forever. come on back and see us again because that's an intriguing forecast. >> thank you. stuart: thank you, sir. appreciate you being here. senators mark warner, democrat, josh hawley, republican, they are introducing a bill that would make social media companies tell us users what data they're collecting and how much it's worth. are they going the try and put a dollar number on my name, address and age? deirdre: yes, they certainly are. they are also going to let you delete data or what they are asking for in this dashboard act, that's the name of the bill they are proposing. you would receive a report every 90 days and you would know the types of data that were collected about you and you would know how much your data is worth to these social media companies. what i want to say is the companies have to have more than

100 million users so if you go down the list, that means facebook, google, twitter, amazon. we have reached out to every single one of these companies. facebook is the only one that got back to us saying we look forward to continuing our ongoing conversation with the bill's sponsors. the others, google, no comment. twitter, no comment. amazon has not gotten back. stuart: i'm not so much interested in the dollar value of my information as knowing what they know about me. deirdre: that's going to be part of it. how the data is collected, what data about you is collected, and disclose how your particular data is being used for their profits. stuart: i would like to know that. deirdre: every 90 days. stuart: i would really like to know that. i support that for sure. thanks, deirdre. let's move on to toys "r" us. you thought they were done? they're not. they closed all their u.s. stores i think last year. they are going to make a comeback. they are going to open about a half dozen u.s. stores. they are launching a website as well. each of these new stores will be about 10,000 square feet. that's not big.

it's about a third of the size of the originals. it will have more experiences like play areas. toys "r" us, coming back. on a similar theme, "toy story 4" brought in $118 million over the weekend for disney. "toy story 3" came out in 2010. that got 110 million first weekend. but it went on to over $400 million by the time it was done. "toy story 4" debuts, just another win for disney this year. had a blowout opening weekend for captain marvel, avengers end game, aladdin and the stock is close to an all-time high. one of the biggest restaurant chains, some of them, not happy about delivery fees charged by door dash, grub hub, uber eats, for example. what are they doing about it? ashley: mcdonald's, applebee's. they are losing a significant profit to the delivery services. you said earlier how much out of

a $100 order, they get $25. that's 25%. now, there's a growing number of delivery services so the restaurants are saying all right, we want some competition among you guys, and there is competition going on. trying to undercut each other we will only take 15%, we will take 18% while these guys will charge you 20%. mcdonald's just went from 20% down to 15% with uber eats because that's a significant amount of money you are losing to get your meal from there to the consumer. stuart: profit margin. your profit margin really shrinks when you are paying that kind of fee to the delivery service. ashley: food scienervice delive hit $24 billion last year. that's a lot of food deliveries. deirdre: lot of burgers. stuart: i'm going to try to -- let me try to figure this out, how to tell this story. this is about carolina panthers quarterback cam newton. he's a very big guy, okay.

he was on a southwest airlines plane where you don't have assigned seats. he's a big guy, he needs more leg room. he goes up to the front of the plane and offers money to a guy who is sitting in a seat which does have more leg room. the guy turned him down. flat out. offers him big bucks. says come on, guy, move. he wouldn't do it. in a moment, we will tell you exactly how much he turned down. good story. on a roll with these sports interviews. it began with pete rose a few weeks ago. then we had keith hernandez. we had the u.s. open champ, gary woodland, all of them on this show. just talking sports with these guys. that's what i want to do with david portnoy. he's going to let me talk sports soon, on this program, today.

stuart: all right. let's get to this. on a flight from paris, carolina panthers quarterback cam newton offered a fellow passenger $1500 to switch seats because cam newton needs more leg room. the passenger turned him down, flat out. how about that. on the video, you can see he just returned to his seat, all smiles. the guy turned down $1500. i would have taken that. ashley: in a heartbeat. stuart: i would take money to change seats. hold on a second. the man speaking with the great voice is dave portnoy. i will bring him into this little controversy before we get to the main stuff. welcome back. >> thank you. stuart: you are the barstool sports guy. >> that's right. stuart: you think that guy should have turned down 1500 bucks? >> how much is cam newton worth? a hundred mil? that's an insulting offer on a cross country flight. five grand is the starting point. stuart: you would have said that? >> absolutely, with him.

that's insulting. that's one penny to him. have some pride. stuart: you don't know where you would have to move back to. if it's a center seat in row 39d or something. you wouldn't want that. >> i heard you say it was southwest. that was the flight? stuart: i think it was southwest. >> cam newton is flying southwest, he has to fire his booking agent. he has to fire his booking agent no matter what. stuart: guess it wasn't southwest. sorry. sorry, southwest. >> no, that was a compliment to southwest. you made them look good. sorry, cam newton. stuart: what's this about you are being sued, some kind of controversy about rally towels? take me through it. why are you being sued snfrj? >> people hate me. the mayor of summerville, one of the great idiots who ever lived, basically it all started, we sponsored towels at a bruins game. some people got mad about it because they don't like us, they don't like fun, i call them the no-fun club. they don't like to laugh or joke

or smile. he jumped into the fray. he basically said barstool sports, the only reason sports is in our name is to cover the fact that we are an excuse for right wing lunacy. he tweeted that out. i have never spoken with this guy. he has no idea what we do. so i responded on twitter and i said hey, joe, you are an idiot. any time you want to sit down and talk to me, i want to have this debate with you, tell me what you think you know bit. he called us sexist, racist. he refuses to engage us, refuses to respond to interview requests. he does nothing. a guy that we recently hired called up and did an interview with him posing as a boston globe reporter, because he tried to get a legitimate interview. this guy doesn't want to talk to us. he will only talk to people who like him. it was an interview just like anything else. he said hey, what makes you think they're racist, sexist, give me an example. this guy had none. he bumbled his way through a 20-minute interview and made an

idiot out of himself. he's an idiot. he's now suing the reporter who got the interview and barstool sports for basically making him look like the biggest fool who ever lived. this is a guy, by the way, his kids both are fans of barstool sports, follow us on instagram. i cannot confirm or deny, have you bought merchandise from our store in the last six months. please confirm that. if you hate us so much, why is your family consuming it nonstop. he knows nothing about us. stuart: okay. i've got to change the subject. >> you are making me mad. stuart: that's good. >> this guy is one of the great idiots of all time. i think i just like seeing his name in the news. what better way to do it, attach yourself to us. stuart: i don't think you would approve of the kind of sports interviews that i do. recently i have had pete rose. i wanted to know what kind of guy he was, what kind of competitor he was. that's the kind of interview we have. i don't think you would approve of it. i'm going to roll some tape. i was talking to him about his

dad and his dad's influence. roll that tape, please. >> can i give you a quick story? stuart: please do. >> okay. i come out one time, i'm a batting champion, '68-69. i'm pretty much a star in the league. in 1970, i come out and my dad's standing by the car so right away i think my mom's sick. this is the way i was raised, okay. i said is mom sick? he said i got a question for you. he said tonight that third time up when you were batting and you hit a ground ball to second, there was a man on third, he said did you run hard to first? i had to think about it and i didn't because i was mad because i didn't hit the ball harder, and i said no, i guess i didn't. he said don't embarrass me in this town like that. when you hit the ball, you run until the umpire says out or safe. he said i'll see you tomorrow. i said okay. i have never not run a ball out since then. i even run down the corridor here to get to here. don't stop running. stuart: you would not really

have approved of that kind of sports interview, would you? >> no. you did nothing wrong. it was good. i was entertained. stuart: i would have thought you would be jumping all over me, why didn't you get into the hall of fame, what about gambling. >> to be honest, that subject, he's had that a hundred million times. stuart: if you were doing an interview with pete rose, would you have the same kind of interview? >> that was good. i would certainly ask about the gambling but that's old news. stuart: you think you could have done it better? >> that was a good interview. pete rose has been asked everything. i call it as i see it. i was impressed there. pretty good stuff. stuart: what do you think about keith hernandez? he was on last week, actually. again, wasn't so much a friendly interview. i wanted to get to know the guy. what's he doing, what kind of guy is he. i thought it was a success on that basis. you would have done it differently? >> no, not necessarily. i mean, i didn't see it. keith hernandez, no offense, i just saw the pete rose, i thought that was good.

hernandez, he said pete shouldn't get in the hall of fame, right? isn't that what he said to you? stuart: yes, he did say that. that is correct. ashley: after his death. >> yeah, i mean, he should be in the hall of fame. there's no question about that. i totally think he should. gambling, he bet on the reds. he didn't bet against them. he should be in the hall of fame. stuart: you watching the women's world cup? >> no. we do this every time. stuart: wait, wait. team usa -- >> beat teams 100-0. stuart: they ran up the score, exhibited a bit of bad sportsmanship. >> so you are complaining. stuart: yeah, i was. you aren't even watching, are you? >> i pay attention a little bit. it will become a big thing. when they make it to the finals, they probably will, it will take over the country because america likes winning. they are the best at it. but no, i'm not paying a ton of attention right now. stuart: that's pathetic. portnoy, thank you for being with us. >> always a pleasure. stuart: no, it's not. >> i thought you would ask about royal ascot. stuart: you were there? >> yeah, i was.

i had the tails, the top hat. stuart: where's the picture? >> everywhere. i may wear it in new york. stuart: we will have you back. that's good. good stuff. thank you. good stuff. on our plaza right outside, we have the winnebago mini winnie recreational vehicle. i will go out there momentarily, i will leave the confines of the studio. they will try to sell me that thing. deirdre: good luck to them. stuart: we will be back. in the great outdoors. ♪ we're the slowskys.

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stuart: okay. so they got me outside. why? because right behind me here, we've got the mini winnie winnebago recreational vehicle. this man is chad reese. he's their corporate directions director -- relations director. >> there we go. it's a pleasure to be here. stuart: how much? >> we can give you this product in the low 90s. msrp is about 94. stuart: low 90s. >> we have projects that range from $100,000 up to $1 million. stuart: this could be mine for

$100,000 out the door. how much gas mileage do i get? >> i would estimate between the 8 to 12 range on this. stuart: all right. you're going to say first. tell me what we've got. >> let's take a quick look. stuart: take me through this. go. >> as we come in, it's a nice easy entrance. one of the cool things about this type of motor home is the ability to accommodate your whole family. this actually sleeps seven. start here with this overhead bunk. stuart: i missed that. >> this nice overhead bunk and the ladder detaches and goes here so the kids can climb up there. when you drive, this opens up, gives you more space. now, we have, if you see here, the slide-out rooms are out. the slide-out is out but look at the space that provides. it provides seating with a couch that turns into a bed. also, this wonderful u-shaped din dinette gives you shape also. stuart: refrigerator. >> pantry storage, this unit loaded with storage. you can bring everything you

want with you. that's great news. of course, fridge. just like at home. load it up with nice cold drinks. stuart: under $100,000. >> under $100,000. stuart: hold on a second. are these doing very well? >> yes. yes. recession was tough on all of us. coming out of that, we have seen -- stuart: tariffs, china tariffs, hurting you? >> well, i would say there has been an impact, of course there's been a cost. we are working hard with our vendors and suppliers to minimize that, of course. you know, we have seen good news the last couple weeks on some tariffs. that helps a little. yeah. in fairness, there's been a little bit of pressure, but we are hoping to work through that. stuart: okay. i will do you a deal. i would consider buying one of these if the price of gasoline stays well below $3 a gallon. because at eight miles to the gallon, i've got a big bill on my hands. >> here's a little secret not everybody knows. actually, because the way the vehicles are used, it's less of an impact than you might imagine. these are adventure vehicles.

you go out in the environment where you want to be and are based out of that. instead of driving it like you do your car. whole different story there. in fairness, yes, the fluctuation in gas, everybody points to that but in reality, it's not a huge problem in the end. stuart: shake that hand. this is a possible sale in the future if and when i ever retire. >> you know who to come talk to. stuart: i do. his name is chad reese, the winnebago man. good stuff. more "voernarney" after this. promise you. ♪

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stuart: more breaking news for you. president trump signing an executive order which puts additional sanctions on iran. these sanctions target iran's supreme leader. the president says america will not allow iran to have nuclear weapons. he made the remarks in the oval

office. we'll get the tape of those remarks shortly. show me the price of oil, please. when you have extra sanctions on a country that used to export oil, you would think maybe oil goes up. ashley: no. look at that. stuart: no. 57.15 is the price. that is down 28 cents. ashley: u.s. production has been remarkable. we went past the inflection point where we are -- >> energy exporter. stuart: that's trump's energy independence policy. that is why you can take a hard-line on iran without having the price of oil skyrocket to the moon. show me also the big board. any impact there? the answer is no. these new sanctions will be applied to iran's supreme leader. you might think with that kind of thing going on it would cut into the gains of the stock market. no. all morning long we've been up about 40, 45 points. ashley: same thing. stuart: we haven't come down

with the news of the sanctions which were expected that is the situation as we speak. home depot cofounders, ken langone, bernie marcus rang the opening bell. they will sit down with neil for exclusive interview at 12 noon. it is 12 noon. it is yours, neil. neil: 40 years ago we were in middle of long lines because of the gas crisis. ken langone showing me the economic difficulties they faced when opening back then. take a look. >> home depot is probably the poster-child for capitalism. when i heard here bernie sanders talking about socialize, this could never happen in a socialized, never happen. neil: but it happened in a pretty difficult economic period. >> interest rates