so that every day together, it all starts again. ♪ maria: have a great weekend, everybody. thanks for joining us. right to varney we go. stuart: good morning, maria. good morning, everyone. the debate aftermath. here's my take. number one, every candidate both nights would raise your taxes and bernie sanders admitted that taxes on the middle class would have to go up to pay for his spending plans. point two, joe biden the lone front-running moderate came under fierce attack. kamala harris in the most emotional moment of the night went after him on race. the "new york times" this morning suggests that biden was not prepared. three, watch this. the candidates were asked if they support free health care for all illegals. every hand went up. that's extraordinary.

walk across the border and you get health care. if you're born here, maybe not. my conclusion this friday morning is that the democrats are badly divided and are now led by unelectable socialists. why don't we get to the market. it's going up again this morning, triple digit gain maybe for the dow, pretty close to it. modest gain for the s&p and the nasdaq as well. the dow, pretty close to all-time highs. the president meets china's leader tomorrow. huge stakes for both sides. the market seems to be saying because it's going up that there will at least be a smile and a handshake. we'll see. wait until you see the mayor of new york city praise che guevarra. what will apple do without the designer of the iphone? "varney & company" is about to begin.

it will be a very exciting day, i'm sure, for a lot of people, including the world. it will be an exciting day. a lot of people are talking about it. it's very interesting. it's going to come out hopefully well for both countries and ultimately it will work out. reporter: [ inaudible ]. >> no. good question. no. stuart: hopefully it's going well. hopefully it will turn out okay. that was president trump on the china trade talks. he holds the meeting with xi jinping tomorrow. now, that's the american side of it. susan, tell me what the chinese side said. susan: xi jinping needs to look strong as well in this g20 meeting. he's signaling he will offer and look for a bigger way to negotiate with north korea and help with north korea as well, also work to keep u.s./china trade talks alive, maybe offering more market access but you need punitive tariffs off at this point. he says there are no preconditions going into these discussions. stuart: that's important. susan: that is important.

stuart: sounds like -- susan: productive talks is how president trump characterized the meeting which i would say is probably the main event, not the g20. stuart: forget it. that's the main event by a long stretch. because of that relatively positive series of statements, that's one reason why the dow is up this morning. let's get to the debate. second night was last night. another ten candidates on the stage. socialism, this is my opinion, socialism was on parade. that's the way i see it. here's bernie sanders on health care. roll tape. >> will you raise taxes for the middle class in a sanders administration? >> people who have health care under medicare for all will have no premiums, no deductibles, no copayments, no out of pocket expenses. yes, they will pay more in taxes but less in health care for what they get. stuart: that was a yes. little buried but that was a yes. fox news contributor tammy bruce with us today. socialists run the party.

what do you say? >> absolutely. here's the damage here. while we have learned about these individual candidates, the first night they also talked about making -- eliminating illegal immigration, decriminalizing it. that was the message that night. then of course, last night, was free health care for everyone. it is an invitation for more mass immigration into this country, certainly also by people who are not well, and considering, look, we've got potential pandemics emerging, diseases, infectious diseases that we thought we had quelled, we did not. ebola is reemerging. there's general health issues, of course, overall, and of course, these are the messages that will not be delivered so the people who are targeted with these messages are going to be abandoned. this is the chaos and the recklessness of the messages of today's democratic party, not just for american citizens but for people around the world who do dream to come to this

country, who we want here, but not in a framework of chaos, where everyone will be abandoned and the system itself will collapse. stuart: you are referring to the moment where they put their hands up, we will pay all the health care bills of illegal immigrants. they all said yes. >> it's an extraordinary -- remember, of course, this is for the democratic primary. they are pandering to, they believe, their base but their base is not on twitter, right. those are extremes on twitter. the base is also caring about their family, about the future, about the economy, about crime, about not wanting the health care infrastructure to collapse and so this is what's extraordinary. they are literally not communicating with their own base. i think as some have said that donald trump has been the winner of both nights because americans are saying wait a minute, now -- stuart: trump won both nights. >> correct. stuart: because of the performance and the policies of the democrats on both nights. >> kamala harris is better at navigating this chaos whereas

joe biden did not -- is not able to move as quickly as she is but i don't think someone who wants to have conversations about everything is going to have the answers the american people want. stuart: you didn't comment on taxes. every single candidate is for raising taxes one way or another. i didn't see a single candidate refer to economic growth as something that's worthwhile. >> they're presuming the remarkable reformation president trump delivered is natural. it's not. it takes leadership. it's not going to automatically exist and you just tap into it. once again, what the left has done around the world is, we see this in venezuela, extraordinarily healthy economy, incredible country drained and destroyed by people who just simply didn't understand how that's achieved. stuart: i think you are being very mild. thank you. stay there. i have more for you in a moment. i want to just talk for a moment about bitcoin. wild ride this week. this morning, it's up $873.

took a hit yesterday, the night before, all over the place. i want to bring in jonathan hoenig, fox news contribute or. i can't remember, how do you feel about bitcoin? would you buy it today? >> this is not on my list. i got to tell you, i like it now more at $11,000 a coin than i did at $8,000 or $9,000 a coin. look, there is no fundamental economic reason for bitcoin. this is a momentum play. oftentime momentum tends to persist. bitcoin now which has had ann believable year, i think it's benefiting in part from a look for some dollar alternatives. we have talked about gold has had quite a run, copper is doing well, commodities are doing well as the dollar starts to falter. bitcoin is one of those alternatives. i think you buy it now for the move up to $20,000 a coin, not from $11,000 to $15,000. play it for those big moves. now more than any time in the last couple years, it looks like that big move is set to continue. stuart: okay.

would you buy stocks today, any stocks today? an index, for example, today? i stress today, because we've got this big china trade meeting tomorrow and i don't know how the market opens up on monday morning but would you buy today? >> i think this is what is frustrating. i think the market wants to go higher, but there is existential uncertainty based particularly on trade. we heard from some of the president's trade advisers saying he's happy with the tariffs now, even considering new tariffs on countries like vietnam, for example, which ironically is where a lot of american manufacturers are moving their supply chains to. so there is tremendous uncertainty when it comes to trade. any certainty would benefit the market. it comes down to you as an individual. it's a long way of saying i think the momentum for stocks remains higher, as you said, we're not far from that all-time high. enjoy the show but know where the exits are and watch those leaders, especially tech, as they falter so does the rest of the market. stuart: got it. jonathan hoenig, good stuff.

thanks very much for joining us. see you soon. thank you. apple's design chief, jony ive, is leaving the company. this man designed the iphone. ashley: and many other things. stuart: many other things. thank you. quite right. he's been there for 20 years. back to the steve jobs days. susan: he's pretty much designed everything that's come out of apple for the last 15 years. stuart: what are they going to do without him? susan: that's the question. stuart: is apple walking away from the iphone or will it be a big new redesign for the iphone? we don't know that, but that's the speculation. susan: i think it indicates a shift to services, not hardware, for the future of apple. stuart: interesting. the stock is down a buck but that's not that much on a $200 stock. thank you, susan. nike's profit, nike is a dow stock, profit missed the mark as they say. sales were strong in the u.s. and in china and nike played down china trade risks in its report. down half a percent, 45 cents, $83 a share, nike.

how about boeing. the 737 max jet grounding has been extended. they say they might have a software fix by september. the stock is up a buck after having a very bumpy ride recently. all right. overall, we are going up this friday morning. up maybe 80, 90 points for the dow, 10 points for the nasdaq. the market opens in 20 minutes. there's one particular group that's going after walmart, says the company has monopolized the grocery business and should be forced to sell some of its stores. no impact on the stock. i don't know what this group is. $120 a share, walmart. jeff bezos, bill gates, richest people in the world but the town where they both live, running out of money. how about that. we've got the story for you. president trump meeting vladimir putin today in japan and of course, the mainstream media trying to make a big deal about his comments on election interference. you will hear exactly what the president said in a moment. "varney & company" just getting started.

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stuart: where is the price of oil this morning? i just lost my soundpiece. i will try and again it back. producers, if you're trying to talk to me, i can't hear a word. $59.52 this morning. opec, reports that opec will continue production cuts for the second half of the year. some countries according to this report are pushing for even deeper cuts. well, the price is up just, what, a cent on that news. not exactly a spike, is it. president trump causing a stir in the media with the remark he made to russia's president putin at g20. roll that tape. reporter: mr. president, will you tell [ inaudible ]? >> don't meddle in the election. stuart: joining us now is general jack keane, fox news senior strategic analyst. i've got my ears back in, mr. producer. you may talk to me. i hear you, justin.

sorry about that, general. we can hear what you've got to say. tell us, what is our overall policy towards russia? >> i think it's kind of a work in progress. first of all, russia itself, you know, they're not the soviet union in terms of their military power. they have half the population of the united states, their economy is about the size of canada, so they're not the soviet union, but they are formidable because of putin's ambitions. what are those? he wants to end the united states global hegemony, he wants to change the international order as it currently is, and to achieve some of this, he wants to weaken nato, break the trans-atlantic alliance if he can, and also he's undermining western democracies. there's a lot of political polarization particularly in europe, as you know, and there's a lack of trust in those governments. he's taking clear advantage of all of that. he's invaded two countries, georgia and ukraine. his neighbors. he also now has strategic

influence because of his intervention in syria and the middle east. all that said, what can we do? one, keep the sanctions on him because we don't want him to have the resources to build more potential significant military than what they do have. two, hybrid warfare, what he introduced in ukraine, is something we are still struggling with and how to deal with it because they disguise it as conventional warfare, massive information campaigns, huge cyberoffensive operations. we don't have a very good approach to deal with that. third thing is, stop treating him as a partner. he's really an adversary. it's not that we don't talk to this guy. of course talk to him. but he's not a partner. he's never going to help us. he's never going to help solve problems we have with nato. can he help -- do we have mutual interests in nuclear weapons, the numbers and size of that? of course we do. do we have mutual interest in terrorism? yes. but that's about it. stuart: surely president trump realizes and knows that he's not a friend of ours, he's not a

partner of ours, he's an adversary and a rival. the president knows that. in public he doesn't want to say vlad, get out of here. >> the president puts a lot of emphasis on personal diplomacy, probably more than most presidents in the past, and he has a lot of confidence in that and certainly, if he can make some progress with putin on some of these thorny tough issues, be it but you have to understand clearly where putin is coming from. does he know putin is a thug, he's a killer, and every single day he gets up thinking about what he can do to weaken the united states? yeah, he understands all of that. the other thing we've got to make sure is we are shoring up nato. the president is right about those countries putting more in defense and we are going to have to put more troops on the eastern part of nato as a deterrent. stuart: we will have to do that? >> yeah, we will have to do that. we don't have much there. we're not going back to 400,000 troops like we had during the cold war. but we've got about a brigade

size of troops there. we need to have a division headquarters and another brigade there. that's something putin clearly understands. nato has to belly up as well and make more commitments and the president is leading the charge on that. stuart: it's fascinating, because the media thinks that trump likes putin and shakes his hand and gets along well with him. i think the president realizes that he is an adversary and a rival. >> oh, that's true. you know one thing i wish he would talk about, is i know this for a fact because i have been briefed on it, the success we had in pushing back on russia's intervention in the 2018 elections. it is really quite remarkable what we did. not only did we stop it, but we imposed cost on them in their trying to do it. stuart: really. >> yes. they know when they're coming after us in 2020, which they will do, we are going to impose even more cost on them. stuart: we didn't know that. >> we should talk about it more. stuart: yes, we should. i'm sorry we left it until the end of the interview because

that was a good nugget right there. you have been briefed on this. >> yes, i have. stuart: we like that. general, thanks for joining us. >> good talking to you. stuart: yes, sir. take a look at futures. we open the market in about 11 minutes. we will be up on the dow, up 80 odd points. getting close to all-time highs. then we have new york city mayor bill de blasio. now he's apologizing for quoting che guevarra at an event in miami. oh, man. we've got the sound for you. you will hear it all. don't forget, team usa play france in the quarter finals of the women's world cup as of this afternoon. it's 3:00 p.m. eastern. of course, it is on fox. the latest innovation from xfinity

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stuart: the mayor of new york city, bill de blasio, quoting che guevara right after the first debate. watch this. >> there's plenty of money in this country. it's just in the wrong hands. it should be in your hands. the people who created the wealth. [ speaking spanish ] ashley: that means until victory, always. that was the phrase coined by che guevara who has a very

bloody history and immediately afterwards, mr. de blasio said i did not know that the phrase i used in miami today was associated with che guevara and i did not mean to offend anyone who heard it that way. well, of course, the number of people that have weighed in on this, especially officials in miami, just saying look, how can you quote a murderer, especially in miami, where so many people have suffered because of his brutality. stuart: what do you make of it? >> it highlights the shallowness of the pandering of all the democrats. stuart: speaking spanish? >> in this case speaking spanish, he's probably thinking there's cubans, guevara is from cuba. he hasn't used that phrase anywhere else. it was targeted at those individuals. all they're interested in is the shallowness, the surface of what they think is all right. it's bad if he knew and is lying and apologizing and it's worse if he was ignorant. ashley: very true. stuart: you did well today.

thanks for being with us. >> thank you for having me. stuart: always. the market opens in 4:10. it will be up, 80 points up for the dow, maybe 11 for the nasdaq. we take you to wall street after this. brad, i've got an idea for a song. nationwide has this app. you can pay your bills, even start an auto claim. so what i was thinking... let me guess. ♪ start a claim right from your app. ♪ have you been looking in my notes? ♪

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the real question is in cutting rates, we would become accommodative again and is it really appropriate in this economy to become accommodative, and for me, i would need to see evidence of a more material deterioration in the outlook. i'm looking for it, i'm going to be vigilant to it, but i don't want to be cutting rates to do fine-tuning. stuart: don't you love it? i want clean speech. i want -- i want to know exactly what they say. maybe i can interpret. that was dallas fed president robert kaplan with maria earlier this morning. he needs to see more proof that the economy is slowing before he recommends a rate cut. no influence on the market whatsoever. he is a non-voting member of the federal reserve. let's get serious. we have 30 seconds to go until this market opens. i'm looking at an interest rate or yield on the ten-year treasury, down to 2.02%. i'm looking at futures which suggest we are going to go

straight up at the opening bell. not a huge rally but maybe 50, 60, 70, maybe 80 points up for the dow. small gain for the nasdaq as well. you hear that bell? when the bell rings, you've got about five seconds to go before they start trading. here we go, sports fans. friday morning. the day before the big meeting in japan. where are we going? look at that, right from the start we are up 74, 77 points. 78 points. that's one third of one percent. pretty soon we will be up 100 if we keep buying like this. how about the s&p 500? where is that this friday morning? it is up a third of 1%. where is that nasdaq on a friday morning? it is up just a quarter of 1%. okay. the ten-year treasury, we saw that, the yield is 2.02% as of now. the price of gold, where's that today? i think it's up a little bit. up $1.70, $1413 the price. the price of oil, interesting that some opec members want to

extend the production cuts into the second half of the year. no impact on the market. that's because we are producing a lot of oil. price of gasoline, i'm afraid to say, up for four or five days in a row. $2.70 right now. some of that is the influence of that philly refinery which may be out of action permanently or at least for a long time to come. friday morning. that means it's david dietze. here he is. rebecca walser joins us. susan li, ashley webster all on board. let's see. the market expects -- this is my opinion now -- the market is up nearly 100 points on a friday. i think the market is expecting at least a handshake and a smile from china's leader and president trump when they meet tomorrow. that's why the market's up. david, where am i going wrong? >> no, i agree with that. we have already had fist bumps with the leaders of japan and the leaders of india so i would actually be expected a fist bump. i think mr. trump's in a good mood and both sides have every

economic incentive and every political incentive to reach a deal here. stuart: some kind of deal, even if it's just a handshake. what do you think? i think, i'm interpreting the market as expecting a smile and a handshake at least. what say you? >> i think with china making it so clear the preconditions they expect, huawei off the table and all trade sanctions off and lifted and a good faith six-month reprieve once the deal is done in case they don't actually live up to the deal, that's a little scary to me so i don't know that trump can go in with that kind of pretext, that kind of precondition, and really get anything done on saturday. i hope. stuart: would you be a buyer of stocks today because you are skeptical about tomorrow's meeting and that worries you about monday morning's market action? >> i am not expecting a deal. stuart: you're not buying today? >> i'm not buying. no, stu. i'm neutral. we have been here, you know. susan: i don't think the markets

are expecting a deal. they are expecting a truce. what does a truce look like? whatever the u.s. president says it looks like. people are saying look, is china going to slow-walk these negotiations, offer a little now, wait until the elections to see who's in the white house. some are saying also they are offering an olive branch when it comes to north korea as well. a truce is expected, not a deal. stuart: i will move on because we can speculate about that meeting all day long, can we not. look at apple. i think the stock is down a buck, maybe. not sure. design chief, that gentleman there, left-hand side of the screen, jony ive, is leaving the company, going out on his own. he designed the iphone and just about everything else for 27 years. susan: ipad, everything. stuart: hold on a second. rebecca, first of all, is apple now embarking on a new direction without mr. ive? >> i think so. i think we are seeing their move to services. obviously that's their revenue model. i want to say i would love to be

in on this deal because they are saying he's still going to be involv involved, one of the company's biggest clients. what are the restrictions he's going to be able to do in a non-competitive space with a competitor? stuart: no clue. stock is only down a fraction. what have you got? susan: apple announced they will move their mac book pro manufacturing production to china. that headline just crossed. but ive has been at the company for 27 years. probably the most important employee since tim cook. stuart: repeat that? susan: they are moving their mac book production to china. stuart: from? susan: i presume from elsewhere around the world. stuart: going to china? susan: going to china. that's interesting, right? stuart: the headline just crossed. david? >> if there's any material pullback on apple because of this departure i would be a buyer. people are making a great deal about him leaving but one of the

problems for apple has been design challenge. the deal, new innovation has not been appearing. maybe it's time for a changing of the guard. stuart: i have just been told the mac book you mentioned is the only apple product that is made in america. susan: right. stuart: it shifted now -- susan: that's interesting. with china/u.s. trade talks in 12 hours. stuart: extraordinary stuff. no impact -- well, actually, it's $198, down 83 cents. >> with a $1 trillion company that's close to $10 billion. susan: don't you think that's a check mark for china, with apple saying we're not leaving china regardless of how the trade talks pan out. stuart: you mean that's a plus for china? if they can get apple -- susan: production of the mac book pro. stuart: stock staying where it is, down 80 cents. check the big board. we are five minutes in. we are up 70 points now, $26,500

is the level. boeing, the 737 max jet grounding has been extended. not a huge drop for the stock. down $1.20, $362 is the price there. it's a dow stock so it has some influence on the overall market. twitter says it will label, label tweets from world leaders that violate its rules. i've got to say that sounds like censorship to me. i've just got to say. >> without a doubt. i'm just getting more and more concerned every single day. you might want to call this the trump rule. there is going to be a screen that comes up that says if you are following somebody and you know, there's a special team that will follow, oh, this is not following our rules but they are a public interest so we will let you go ahead and see this if you click this button. there will be a block screen to block the tweet from you seeing it even if you follow the person. stuart: that would go on president trump's -- >> yes. stuart: that's censorship.

>> i've got another take. i think this is marketing genius. you will still be able to see the tweet but you have to acknowledge, it's like calling a movie r or x-rated. now everybody wants to see it. ashley: that's one way of looking at it. susan: put an ad in there and charge advertisers for it. stuart: what else have we got? are we talking now about bitcoin? i think we are. yes. don't forget bitcoin. it's on a wild ride this week, all over the place. actually touched $14,000 earlier. rebecca, would you put any client into bitcoin at any time? >> you know, right now, it's speculative. i look at bitcoin a little bit different. i look at cryptocurrency as the destabilization of the value of the dollar in the world. to me, bitcoin, i understand it's got long-term investment prerogative but i still worry about the sovereignty of the dollar. stuart: but you would put money into bitcoin as a long-term deal? >> definitely long-term. long-term.

short-term, i think -- stuart: i'm pulling teeth. is that a yes? >> it's too volatile. i get concerned. susan: it is a reminder for retail investors of what goes up, can crash in two days $4,000 on this investment. it did crash 80% from $20,000 highs. stuart: david? >> one phrase courtesy of warren buffett. rat poison squared. there's nothing behind bitcoin. >> i'm not sure i'm going to agree with that. >> there's nothing behind bitcoin. ultimately if it does get any traction the governments are going to regulate the heck out of it. be wary. susan: that's the reason why you buy bitcoin. because it's not in a governmental policy. stuart: nike. shall we move along to nike? sales were strong, they sold well in north america and in china. they downplayed the risk from china trade and tariffs. the stock is a dow stock. the stock is up 48 cents at $84 a share. ashley: 25% of their shoes and apparel is made in china but they have factories elsewhere

they can move production to. so far they have been nimble when it comes to tariffs. stuart: vietnam, right? ashley: yep. they don't own any factories. they contract out. stuart: okay. that works. all right. let's see. the dow is up 60 points as we speak. that puts us at 26,588. how about the big banks. they are all up today after passing their stress test from the federal reserve. they all have enough money on hand and they are now allowed to raise their dividends to get some of it back to shareholders. all the banks, up very very nicely, thank you very much indeed. you buy them now? >> i do think so. in fact, the big banks, the top four have already announced $105 billion of stock buy-backs. you want to be on the same side as the banks. they know their companies, they know their shares. they are buying them back. why wouldn't investors? stuart: fair enough. we are coming up on 9:40, the moment on a friday morning where i have to say have a great weekend. >> thank you, stu. stuart: thank you for joining us. thank you, david. see you next week. all right. check that big board.

we've got a gain of just 53 points. one stage right after the opening bell, we were up over 100. now we have come to a gain of just 52 points. nasdaq still up a bit. so with the s&p. i bet you didn't know west virginia has the highest rate of wage growth in the country as of now. the state's governor joins us in our 11:00 hour. is this because of the coal industry making a comeback? we'll ask the governor. trump 2020 senior adviser lara trump joins us in the studio. i want to know if she's worried about anything she heard from the democrats last night. we will also ask her about her husband, eric trump, the president's son, being spat on by a restaurant worker in chicago. we will get that story for you. nancy pelosi suffering what i think is a major defeat after being forced to pass the senate's border funding bill. liberals absolutely outraged. the democrats are split. that story's next.

stuart: the dow shows a 55-point gain. not as good as five minutes ago where it was up over 100 but we'll take it. about a quarter percent up for the dow this friday morning. i'm going to call this ironic. the town where bill gates and jeff bezos lived apparently running out of money. first of all, what is the town? susan: medina, washington. it is ironic because jeff bezos, bill gates, part of the $100 billion club, probably the three richest in the world. it's interesting, this population, this town has a population of 3,000 people. seventh richest zip code in the

country. a median home value of close to $3 million. the problem is because you have a $100 million home from bezos and bill gates, they are not charging the right property taxes that go along with the increase in value. so they charge at a rate, not at a percentage, and when you have a $100 million home, you only charge them a certain amount each year, not percentage of the value of that home. right now they are in danger of falling half a million dollars in debt. that could of course increase throughout the year. stuart: just the way you structure the property tax. that's what does it. susan: but the average salary even with those billionaires is only $186,000 compared to the average salary in america of $50,000. stuart: huge difference between salary and wealth. susan: that's true. good point. stuart: house speaker, speaker pelosi, caved, i use that word advisedly, caved on border spending. come in, congressman lance

gooden, republican from texas. i think she caved. i think it was a disastrous defeat. am i going too far? >> no. you are exactly right. unfortunately, with the democratic debates last night, few know it as many should but what happened was the senate passed this bill, democrats were pretty much all on board. only six democrats voted no. chuck schumer was on board. the bill comes over to the house and nancy pelosi said we want more, this isn't going to work. aoc and the far left wing of their caucuses said no, let's turn this down. then they realized they weren't going to get a border funding bill passed. so then this ended up passing. what this says is that chuck schumer is really not interested in what the house democrats have to say because he knows they are too extreme. stuart: he wants to fight back against the extremists in the party. totally split house democrats. i think nancy pelosi lost control of her caucus. >> i don't know that they had it from the get-go. the most impressed i have been

with nancy is when she got those votes together back in december to be elected speaker but they have been disorganized ever since. we have seen something in the house kind of progress to where the far left dictates the agenda. this weekend in financial services, maxine waters' committee, the bank negotiations fell apart because right at the last minute the far left wing of her party there in the financial services committee said no. it fell apart. stuart: what a mess. you are from a border state, the great state of texas. i want you to listen to what the democrats said in the second debate last night about immigration. roll it. >> we do ourselves no favors by having 11 million undocumented people in our country be unable to access health care. >> cannot let people who are sick, no matter where they come from, no matter what their status, go uncovered. you can't do that. >> i will release children from cages. i will get rid of the private detention centers and i will ensure that the microphone that

the president of the united states holds in her hand is used in a way that is about respecting the values of our country and not about locking children up, separating them from their parents. stuart: what do you make of that? >> where was all this outrage six months ago when republicans were saying we have a crisis at the border. nancy pelosi was saying it's all about the children, it's all about the children. she said that on swearing-in day. we couldn't get democrats to even acknowledge there was a crisis at the border. when president trump said we need to build a wall, we need to secure our borders, democrats wouldn't even acknowledge there's a crisis. stuart: look at that. on the screen now, that's another from the debate last night. they were asked would you pay for health care for illegal immigrants. i see every single hand go up. they would all pay for illegals. extraordinary stuff. >> it's unreal. the country we have become, where the democratic party is now becoming the party of socialists in our country. it's terrifying and i believe

that in 2020, we will take back the house because of it, because americans don't want to go in that direction. stuart: that is a bold prediction. >> watch and see. stuart: welcome to new york. lance gooden, republican, texas, thank you for joining us. we appreciate it. thank you very much. check the dow 30. we are 18 minutes in, 45 points up for the dow and there's a majority of winners among the dow 30 as we speak. nintendo, sony, microsoft. they are asking the trump administration to exempt them from tariffs. they say they could face serious harm and would be forced to pass on the cost to consumers. we will deal with that in a moment. abercrombie is the latest retailer to jump on the cbd band wagon. we have that story. abercrombie, cbd. what a connection. i will try to work that out for you. more after this. what's up with your... partner? not again. limu that's your reflection.

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stuart: on the screens, i repeat, on your screens, the video console makers, video game console makers, they are worried about the impact of tariffs. they have written a letter to the administration saying please, let's get an exemption, please. we don't want these tariffs on us. joining us, the host of gamer world news entertainment. tian, why do you think google is the winner in all of this? tell me.

>> okay. so this is very interesting. first of all, google is -- google doesn't manufacture consoles so they are very much interested in cloud gaming technology. if you think about the effects of these tariffs, what they are going to end up doing is increase the barrier to entry for people to go into console gaming, so if somebody is not going to be able to afford a new console this year, then it makes them more likely to experiment with new technologies like google's cloud streaming service. stuart: i guess this just pushes everybody who wants just video games, pushes them into the streaming side of the business and away from buying a console to play these games. is that accurate? >> i suppose that would be the case. it does really depend on whether or not these tariffs go into effect after g20. if it does, then i do suspect that it would end up hastening the demise of console gaming, because 96% of consoles are actually manufactured in china, so those costs are going to get passed on to the consumers if

those tariffs go into effect. stuart: some of our viewers may be wondering why on earth is varney droning on about video game consoles and streaming and all the rest of it, but -- you laugh, but i do this because very few people understand just how valuable the video game industry is. you are right in the middle of it. how much is it valued at? are we talking $100 billion here? >> right. so the value that i saw last year, the revenue from the gaming industry was actually about $134.5 billion. when it comes to this trade war stuff, in the letter that the video game console developers sent to the u.s. trade representatives, they said that the revenue in the united states back in 2018 was around $43 billion. a lot of money we're talking about here. stuart: okay. i'm sorry, i didn't quite catch that, tian. look, i'm afraid i'm out of time. i have to get into something else. tian wang, thank you for joining

us. much obliged. thank you very much. >> my pleasure. stuart: i'm going to show you a group of 2020 democrats, they are now touring a migrant children's detention facility in homestead, florida. mayor pete, kamala harris, kristin gillibrand, john hickenlooper, julian castro, they are all there. they were down in florida anyway for the debates so they just jump over to homestead and have a look at the detention facility and rale against the detention of children. ashley: their policy is that it attracts so many people to make that desperate journey and then complain about the conditions. stuart: they did not want to give money for those children who walk across the border. they didn't want to give the money. they don't want anybody to stop anybody from coming across the border and once you're here, those people, they don't want to get them out. ashley: free health care. stuart: free health care, to boot. susan: that's right. they are welcoming illegal immigrants. no deportation. stuart: i just can't believe

that americans will accept this. i just can't believe that. now this. okay. kamala harris and joe biden faced off on race during last night's debate. you had better watch this. roll it. >> i do not believe you are a racist. and i agree with you when you commit yourself to the importance of finding common ground. but i also believe and it's personal, and i was -- it was hurtful to hear you talk about the reputations of two united states senators who built their reputations and career on the segregation of race in this country. stuart: that was just one example of how the democrats really are going after joe biden. now, he is the lone moderate frontrunner. seems to be increasingly isolated by the rest of the pack which is going socialist. my take on that coming up next.

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stuart: consumer sentiment is a very important indicator for the state of the economy as we go into the foot your and i believe we just got the consumer sentiment indicator, a number. do we have that? ashley: 98.2 which means nothing to anybody, but say this, it was 100 in may. so it is coming down a little bit, but i would still say pretty strong. they're having when they dot surveys, talks what tariffs can do, that can hurt sentiment, but better than the estimate. the may number was a eight-month high. hard to match that. 98.2, the final reading for june. pretty good. susan: it has been pretty positive in terms of the u.s. consumer. helpful spending up in the month of may. consumer strong.

great for the u.s. economy. powers 2/3 of it. stuart: no immediate reaction on the stock market. the dow industrials as we speak up 28 points. >> now this, there is not much joy among democrats this morning. point one, speaker pelosi has just suffered a defeat on border funding and point two, the democrats, the debates showed a party that has been hijacked by unelectable socialists, division, schism as we used to say. angry recriminations, party leaders have a loot to deal with, don't they? first, speaker pelosi wanted big changes to the migrant aid package. couldn't get it done. she was forced to accept the republican version of the bill. liberals outraged, house democrats totally split, split on the signature issue, the crisis on border. damage from the debates. the democrats emerged as a party

largely run, directed now by socialists. almost all the candidates have latched on to extreme policies. look at this, a show of hands, who would give full health care to all illegals? these candidates, all of them, would. now that is incredible. what about us? we have to pay for it when we can't pay for native-born americans? that is extraordinary. every single candidate on the stage, both nights would raise taxes. not one talked about growing the economy. bernie sanders admitted the middle class would have to pay more. mayor pete want as carbon tax. andrew yang wants a big national sales tax. elizabeth warren wants a health tax. kamala harris would raise taxes on the rich. so would bernie this party has stampeded to the left. how else to describe the mad rush to the fantasyland for "green new deal," "medicare for all," abolition of private health insurance. the socialists have got this

party by the throat. where does that leave joe biden, the supposed moderate? well he is under intense attack on a variety of issues. he has been criticized for his energy level and debate performance. reporters for "the new york times" said that he didn't look prepared? so the one candidate who could save the party from the socialists is fighting a rear guard action to stay in the game through the primaries. now president trump is in japan, holding a series of meetings with world leaders but he watched some of the debate last night. when he saw all the hands go up supporting health care for illegals, he said, that is the end of that race. i think he's rice. a divided party, led by socialists, running against prosperity, will not win in 2020. second hour of "varney" about to begin. ♪

>> people who have health care under "medicare for all" will have no premiums, no deductibles, no co-payments, no out-of-pocket expenses, yes. they will pay more in taxes but less in health care for what they get. >> donald trump put news a horrible situation. we do have enormous income inequality and one thing i agree on, we can make massive cuts in the $1.6 trillion in tax loopholes out there. i would be going about eliminates donald trump's tax cuts for the wealthy. >> i am proposing we change the tax code so for every family that is making less than $100,000 a year, they will receive a tax credit they collect of $500 a month. which makes all the difference between the families getting through the end of the month with dignity and support or not. on day one i will repeal the tax bill that benefits the top 1% and biggest corporations of america. stuart: i'm sorry, folks, my

head is exploding that was a clip from the democrats last night. talking about repealing tax cuts. adding more taxes, et cetera, et cetera. come on in please, spare me this, lara trump, trump 2020 senior advisor. i'm kind of running out of steam here but you can pick up the slack. when they all put their hands up, that was the high point, yeah, we'll pay for illegals health care. >> the president said it best. if that is what they are offering to the american people, that's game over for them. i have always said i think this president is going to easily win re-election but when you saw this happening first of all be the democrats are the first ones to criticize everybody for people coming across our southern border and dying. they are the ones enticing people to come over. sanctuary cities, sanctuary states, health care for all illegals. why wouldn't everybody want to come to this country? it is totally insane. i think the problem is they know that they can't beat donald trump, what did they do

last night, stuart, what did they do the first night, they lied. i saw some lies. stuart: give me example of one. >> small business confidence is down. small business confidence has not been this high in 40 years. stuart: cory booker says president trump's policies are hurting small business. >> that is completely false. i remember first night prescription drug pricing gone through the roof. it is lowest in 50 years under this president. so many things i heard them lie about. tax cuts didn't benefit. benefited 82% of the people in country, got $2,000 more in their pocket this year. thanks to the president's tax cuts. it is lies and nonsense. saying we will give health care benefits to illegal aliens. we can't take care of people in our own country. stuart: they seemed angry. >> everybody was angry. screaming at each other. stuart: no sense of humor amongst them but they were really angry. that was the emotion that came out here. >> you know what? instead of showing what they want to offer the american

people, they were yelling at each other, criticizing the president, saying how bad things are, instead of giving people hope like they got with this president in 2016 people saw hope with donald trump. maybe this guy will actually fight for us. he had a very positive view. make america great again. these people instead were just screaming at one another, barely angry, barely any smiles cracked at all. stuart: foregive me for bringing this, i want to raise issue of your husband eric in a restaurant in chicago that was spat upon. i don't think you were there. >> i wasn't there unfortunately. i don't think i would have contained myself. totally unprovoked a waitress at restaurant, said nasty things to him, spit in his face. stuart: i hate to be detailed like this? >> did the spit land on him? stuart: in his face. >> yes. he is a nice guy. he did not press charges on this

woman. and -- stuart: by the way the waitress has only been suspended, not fired. >> yeah, i mean -- stuart: even the mayor of chicago, the new mayor of chicago says that is wrong. >> she should be fired. here is the problem, is that when you run out of arguments i think people just defer to things like this. you can't argue against the fact that this country has been headed in the right direction now, thanks to donald trump for about two years. we finally have turned things around. i think everyone knows on the left they are not going to win this election in 2020. donald trump will be in there for four more years. what do you do? you go spit in the son of the president's face. it is despicable, disgusting, never any level that is acceptable. this is where we are right now. stuart: you are now a known person. people know who you are. you walk down the street, you ride around the city. >> yeah. stuart: do you get comments, nasty comments frequently? i mean you believe you got some nasty comments the other day if you don't mind -- >> it is occasional.

not that often. i'm sure people have their own opinions, recognize me or my husband, whisper things. sometimes you hear them. in a store or restaurant, you hear them. listen, we're all doing this, not because it feels good to hear that sort of thing. we're doing it because we know it is right for the country and for the american people, we stand behind this president, my father-in-law. it is not easy at all times. there are good people out there. right after i heard women saying nasty things. woman came up, love the president, love your family. it does balance out. stuart: have you a thick skin yet? you have been in this 2 1/2 years? >> i sure better have one, absolutely. stuart: lara pleasure to have you with us on the program. >> thank you. stuart: thanks for being open about the incident. we appreciate it. >> of course. stuart: we'll tell you what voters really think of socialism now that the democrat debates are done, first round. campus reform cabot phillips hit the streets, what do you think

about socialism. wait until you hear the answers. we will get to him in a moment. president trump meets china's xi xinping tonight in our time frame. that is at the g20 summit. will they come to some sort of a trade truce? now that is an important word, a trade truce. i think that is what the market is expecting, handshake, smile, truce? we'll ask a former trade visor to the president what he expects. how much damage is technology doing to our bodies? new information, what it does to your neck, back, eyes and more. the truth we talk to marc siegel. ♪ -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity

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stuart: all right. there is not that much movement on the market this morning. that is to be understood because

you got this big trade meeting tomorrow. would you buy stocks in advance of a critical trade meeting? that is a good question. not many people are. we got a small gain for the dow industrials. nearly all the democrat presidential candidates pushed socialist policies at the debates. our next guest asked people who attended what they thought of socialism. so watch this? >> if all you can do response, hey that is socialism, you're not addressing the fact that is could actually make people lives better? >> tell me where it worked? i can tell you i'm son of immigrants in cuba. socialism didn't work for cuba. look what is going on in venezuela. >> right now democrats are brainwashed. they don't even know what socialism is. i do know what socialism is, i lived socialism before. i'm here in this country to make sure we never get socialism in this country. >> i'm a member of the miami democratic socialists of america. so i think it's a great thing. stuart: man on right-hand side

of your screen, man conducting interviews, cabot phillips, campus reform media director. you walk thed up to democrats, they're all for socialism. you walked up to the people opposed to democrats, they all hate socialism. is that the kind of even split? >> it absolutely was. i'm on going campuses every week with leadership institute reform. people discredit them, you're just at liberal safe havens, where those ideas are more satable. not like that in general but i think we've seen how the democrat party really shifted more towards embracing socialist ideas that a few years ago would be considered extreme. i think it is very telling the people most vehemently opposed to ideas people actually lived under socialism, people fled cuba. they were insulted that anyone would want to embrace those ideas here. really i think further to the left this race goes the more president trump is licking his chops, you can go all the way to the win the primary, but in the general election that will hurt

you. most americans know the truth that socialism does not work. stuart: what intrigued me the degree the party has been shifted to the socialist left. the supporters of the democrats who you interviewed, uniformly in favor of socialism. the party's come a long, long way to the left, hasn't it? >> i think there is a fundamental misunderstanding not only what socialism is what it has done throughout history, what it continues to do through this day. so many people think of socialism we'll get free stuff. i want my health care taken care of. i want my college taken care of. everything for free. that is what they associate socialism with not who people played for it. democrats misplayed their hands. we'll paint the economy in disarray, need of us swooping in to save the day with free socialist policies for everyone. the fact is 71% of americans are thrilled where the economy is going. they're optimistic. that is 16-year high. that message we'll flip the economy around with totally new

system might work in years past. the economy is doing well under republican policies an leadership. i don't think that the message will work with average americans. stuart: are you confident the people on the left who you interviewed really did know what socialism is, what it has done in the past? >> they're absolutely not confident. we see this first on college campuses where people are not teaching history f they are teaching history, it is revisionist form of history. people in the video said not anything like marxism or leninism. not anything like venezuela. that is not real socialism. that is something we hear constantly throughout history. people, idea there will always be enough money to pay for anything. i'm not math that tish shun. look at debate stage, free college, tuition, $3.7 trillion. "medicare for all" $30 trillion. cutting reliance from fossil fuels, that is $4.7 trillion. you add that up that is higher than annual gdp as a country. all these policies, even half of them pass in 2020, our economy will completely tank.

stuart: are you going back to another campus next week, july 4th week or leave it until later in the month? >> we absolutely filming a video asking if they're proud to be american. see what people think on independence day. a lot of people have no idea how good we have it here. stuart: i want to see that. thanks very much. we appreciate you being with us, cabot. we'll take your product, when you go around on july the 4th we want to see that. >> look forward to it. stuart: thanks. medtronic, make the insulin pump, they issued a recall. the fda warning about cybersecurity problems. in other words, they can mess with your insulin pump. what a story. we're on it. ♪

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stuart: all right. we are what, we're just into the trading session. we don't have that much movement in stocks. i think most people are waiting to see what happens with that meeting on trade with xi xinping. nike is a dow stock. their profits missed the mark. sales were strong in north america and china. they say china trade tariffs don't affect them that much. no change for the stock. it is up 10 cents. that's your lot. now this, our next guest has an op-ed out that says smartphones and other devices have a effect on our psychological health. marc siegel is here. it is not physical, your back, eyes, psychological health that hurts? >> it is both actually. the physical part has not been entirely proven yet.

things like playing videogames can cause problems with the wrist, carpal tunnel. text neck, staring at screens all day long, can affect your neck. vision can be affected you can get headaches. all that is being studied but what you're talking about is also true, more of a prominent problem, constant smartphone use can lead to alien nation, anxiety, depression, problems with relationships, interfere with sleep. stuart: smorgasbord of problems. >> study out of lancaster, uk, where some of you people were born, does say a lot of studies are based on self-reporting. stuart: i knew it. >> so that is not proof, but it is pretty good evidence. stuart: bloody nonsense, isn't it? >> no. stuart: have you had any problems with your cell phone? yeah, my neck, it is awful. >> interacting, we obviously like each other. stuart: come on. >> that is better than if you were texting me. i could sit here with a phone

and you can text me. stuart: it is bogus, you know it. a made up little report from some brits who want it in for smartphones. what are you looking at me like that for? >> i think the whole world knows we're leading, we're heading in a direction of too much alienation -- here is great study. turns the out, here is a great study, with facebook, if you don't have a lot of friend, in a period of stress, your chances of getting addicted to facebook goes way up. out of a journal called psychiatric research. stuart: maybe that is a good thing, if you haven't bottom any friends, maybe you have got friends on facebook. >> they're not real friends. stuart: what do you mean? >> could turn on you in moments notice, electronic friends. >> limited. two dimensional. stuart: you're a ludite. susan: where is this conversation going? >> raise your hands, if you agree with me. stuart: race your hands if you think there is psychological problems with cell phones.

susan: absolutely not. ashley: no. stuart: see, you lost. [laughter] susan: majority here, yes. stuart: i do have a serious story here, which i will relate with you, the medtronic insulin pumps, they can be hacked, so some nasty guy can interrupt the insulin flow. that's a serious story. are you going to say anything. >> that is a huge story. stuart: thank you. >> very serious. now those insulin pumps called minimed. they're a little out of date. we have newer insulin pumps for pregnant women insulin pumps are important, when you need tight control of brittle diabetics you need control. in the old days everything is right there. now we use wi-fi to tell your insulin pumps what to do. we connect our pumps with actual glucose reads. anything wi-fi can be hacked. you have to be a monster to hack

into someone's inis line pump. 4,000 pumps were recalled as a result. medtronic is right to do this. it reminds us there are cyber wars going out there. people could go after the needy and vulnerable. stuart: that is a serious subject. you covered it well. >> the other is serious too! stuart: get out of here. thank you very much indeed. earlier this morning some of the 2020 democrat candidates toured a migrant detention facility in florida. last night they all said, oh, they wanted to give health care to all illegals. surely middle america is not happy with that, are they? we'll get into it with jeanine pirro in our 11:00 hour. she is on the show this morning. next we'll tell you why the red sox and the yankees are in london. there is a good reason. ashley: sightseeing. ♪

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♪ ashley: eight days a week. stuart: eight days a week. oh, yes. good one, sports fans. almost inclined to sing along. i don't think the audience could stand it. susan: sing along. stuart: do you like this song? susan: i do. ashley: we need ratings. stuart: staying on the british invasion, i guess we'll stay on it, america's big sports rivalry go to the uk this weekend. the yankees play red sox in london. ashley: think do. at olympic stadium. trying to sell baseball to the brits. they had a lot of success to the nfl and nba.

they sapped done is premier sports venue in. this is london palladium, home to west ham football team. converted it into american baseball field. looks pretty good. imported dirt from america. stuart: no. ashley: yes. has to make it natural as possible. they will put in artificial turf as well in certain areas. the grass is different. there you go, brits have been very brisk. 70% of tickets sold to brits. others are flying from the u.s. stuart: you're kidding. ashley: very interesting. you won't have keepers and bowlers, catchers and pitchers which should be interesting. stuart: we in america will take english premier soccer, they if they want it can have major league baseball. susan: break it to you. both sports has been around 100 years. hasn't happened yet. [buzzer] stuart: why we got the buzzer,

no idea. ashley: want to export america's pastime. stuart: i said they can have baseball. they can. fractional gain before the big china trade meeting. we're up 18 points. that's it. now look at apple, they're moving production of the macbook pro to china, okay, from where? susan: from the u.s. in fact was only device still manufactured here in the u.s. i got a statement from apple, look, this macbook pro, still designed, still engineered in california, but does include components from all around the world including u.s. they wanted to remind us they still support 30 -- they have manufacturing facilities in 30 u.s. states. they spend $60 billion in the u.s. last year, but, let's be honest here, they are moving this over to china where it is cheaper compile, build, put together. they will use some of the taiwan, some component-makers,

et cetera, this is big story especially with the u.s. china trade talk starting off, one-on-one in 24 hours, right? stuart: right before that huge meeting -- ashley: about 10 hours from now. then 30 eastern time. stuart: -- 10:30 eastern. stuart: macbook goes to china. what about johnny ives? susan: he is leaving the company after 27 years to start his own design firm. still counting apple as one of his largest client, but this obviously is a shift away from hardware, phones in the future since we know iphone sales have been slowing this is a shift in the direction of services, meaning that johnny ive doesn't have much more to design at apple going forward. stuart: that is fascinating. everything from apple. susan: everything. stuart: he stretches back to steve jobs. susan: that's right, 27 years.

stuart: got it. president trump and china's xi xinping will meet tonight, our time tonight on the sidelines of the g20 summit. listen to what president trump scede made of that meeting. roll tape, please. >> we'll see what happens. you're going to know maybe before most. we'll see what happens tomorrow. it will be a very exciting day i'm sure. a lot of people including the world. it will be an exciting day. a lot of people are talking about it and very interesting and, it is going to come out hopefully well for both countries and ultimately it will work out. stuart: well he is right, the whole world is indeed watching. let's see if it works out. curtis ellis with us, former trump campaign trade visor. i want you to give me a prediction, what do you think comes out of this meeting tomorrow? >> president trump made it very clear, he said time and again, it will be a great deal or they there will be no deal. he understands what's at stake here. what's at stake is the future of american private enterprise.

china has been systematically stealing, cheating, never living up to any of its agreement and we must have an enforceable agreement. stuart: so you're saying, it has got to be a dig deal? >> that's right. stuart: a solid deal that covers everything, either that or nothing? >> that's correct. stuart: do you think we'll get that big deal? >> we're certainly not going to get it this weekend. will china actually agree to sit down to talk again? i don't know if we'll get that. they're making noises we have to get rid of tariffs in place before they will even talk. take huawei -- stuart: sure, i don't mean to interrupt you, but isn't that posturing, take the hard-line in public before you get into the meeting, then all bets are off, who knows what happens in the meeting? >> exactly that could very well be posturing. these things are thinly sourced, these stories thinly-sourced this will happen, that will happen. how many times we see the stories never turn out to be

true. the deal was ready to be made. we heard in in may, deal is ready to be made, xi will come over before the signing. then what happens? the whole thing blows up. stuart: a lot of people on wall street think, use this expression, a trade truce which would be, i guess sort of agreement to keep on talking. you might get a handshake and a smile, but the trade truce, where they keep talking. that would be kind of middle ground, wouldn't it? >> wall street has to understand what president trump understands. this is not about the price of t-shirts, price of cheap manufacturing in china. this is about the price of freedom. because if china gets what it is going for, which is world domination, there will be no american companies in 50 years. they will be subsidiaries of china knows companies. i mean that is really, i'm not being overly dramatic here. this is what the chinese communist party wants. they want to turn the united states into a resource colony.

our biggest export will be soybeans. it will be raw materials for a chinese economic engine that has the high ground and the high technology. they have a long-term plan to get there and we have to think beyond quarterly earnings reports and protect our crown jewels of technology and industrial base. stuart: but the president also has to look to an election less than 18 months away. he knows that if the economy goes into a tailspin because of a china trade war, he won't get reelected. >> the economy has been in a tailspin for 40 years because of china's trade war. look what has been going on the last two years, stuart. 3.1% growth. inflation is flat. investment is up. wages are rising. all of these econometric models a lot of wall street people depend on are based on wrong

premises. we have a great economy. we are in a position now. we have the higher hand, we have the upper hand and we're in a good position to be pressing china. stuart: you're a hard-liner. i will leave it at this i asked you to make a prediction, a good deal, comprehensive good deal or no deal. that is where you leave it? >> there will be a handshake an a smile. stuart: that is important by the way. curtis, thank you very much, sir, i appreciate it. now this democrat senator and presidential candidate kamala harris, well she came out swinging against joe biden in the second debate last night. our kristina partsinevelos will join us now, kristina how will it all play out? reporter: it could be a defining moment in biden's candidacy, harris called out biden for previous comments he worked with two segregationists in his career, listened to the two debates between the two candidates. >> i do not believe you are a racist but i also believe, it is personal, i was actually -- it

was hurtful. to hear you talk about the reputations of two united states senators who built their reputations and career on the segregation of race in this country. you also worked with them to oppose busing. >> look, everything i have done in my career, i ran because of civil rights. i continue to think we have to make fundamental changes in civil rights. reporter: that interaction highlights biden's biggest political instability. it also highlights harris's willingness to attack another candidate, something she didn't show previously in the campaign. since we're talking about the two candidates, google trend show that people are taking to online to google these candidates. harris as number one searched. this is just as of this morning. biden in the number three spot, previously used to be bernie sanders as well as biden top two spots. stu, we'll be talking about health care, immigration, the

economy for a while to come. the next democratic debate will be starting july 30th in detroit, michigan. back to you. stuart: bernie sanders down there at number five. kristina, thank you very much. appreciate it. speaker pelosi says she wants to reopen, change parts of the pending usmca agreement, the new nafta. agriculture secretary sonny perdue thinks some tweaks are doable. we'll ask him what changes could be made? he is on the show. we'll ask him why on earth he talk to impossible foods, they are the guys who make fake meat. what do the beef farmers think about that? we'll ask secretary perdue all about that, believe me. ♪ ♪ limu emu & doug

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stuart: we're up a little, not much, up 40 points. "medicare for all," that was the big topic in the debates in miami. senator sanders and warren said, yeah, they would get rid of private health insurance, just get rid of it, ban it. bob hugin, ran for senate out of new jersey he is former chair of celgene, i did not know that you have your foot in pharma like this. >> great that we're talking about health care. the sad thing they're talking about ways that will hurt people, not help them. we need to transform delivery of health care, but "medicare for all" will hurt health care in the short run and long run. stuart: are they serious banning private health insurance, currently 150, 160 million americans are satisfied with? what would happen if you did

that? >> you will regress what we have in europe, retrenchment and rationing. seniors will not get quality care we get today. we won't have competition in choice, what we need for solutions. we're a country of innovators. we need every component of the health care system to work together to solve these problems. there are tough problems of health care inequality, high costs, not food outcomes. we have to fix these delivery systems. talk about access, yes, but fix the system. stuart: let me play devil's advocate. if the government provided all health care, you know, like the british national health service back in the day, if it was like that, wouldn't that be more fair? >> it may be more fair. in the long run it will bring down quality of care for everybody. i remember when i went to work in the uk when i was on wall street in '87. where do you go for health care in europe in london, they heathrow. if you want good health care. the uk long waiting lines, low

quality. we're the, we have the innovation capital of the world. you think about the whole economy is driven by biomedical innovation. we don't want to lose that. that is what makes our country great, proviso solutions for all americans. stuart: let me talk to you about new jersey. >> oh, my goodness. stuart: i live there. i think live there. >> yes. i live there. i live there. stuart: above, phil murphy, democrat, he says now, he says that his proposed tax on millionaires will not be part of this 2020 budget. but nonetheless he still want as tax on millionaires. come on, you got to something about this, we're dying. >> we need fairness in taxes. people more successful should pay more taxes but they're driving all the successful people out of new jersey. it will hurt in the long run. median term, short term already. property values are declining dramatically. we'll not have resources to help most vulnerable people in the

society. these policies drive successful business people out of our state. stuart: he knows that. he is a multimillionaire. made his pile as a goldman sachs guy. he gets into democrat politics and takes it out -- >> we're fortunate in the new jersey, democrats control the assembly and leader in the senate, they're trying to reform the fiscal policies. we have great people in the assembly. john and nancy munoz trying to do rational things. we need to hit them hard. >> murphy is the governor. where does he come from? why does he do this? >> stuart, these people get this sense, they have made it, want to stop everybody else from making it. we want to pay back. i don't think he will be with us after 2020. if democrats win the white house, he will be in washington. if they don't he will get primaried. i can't believe he will be reelected? stuart: primaried by who?

far left. >> both sides. conservatives don't like him. the far left is disappointed he hasn't delivered on cannabis. hasn't delivered on taxing the rich completely out of this state. he is a endangered species. stuart: thanks. come again soon. >> thank you. stuart: mortgage rates, not quite at his horrific lows, but they're way, way down there. renters, however, are still hesitant about actually buying. what gives? i will ask the chief executive of the national association of homebuilders. why are not these renters jumping into the market? i think he has an answer. secretary of agriculture, sonny perdue is in a strawberry field in california and he is talking usmca with us next. he is talking fake meat as well. ♪

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stuart: news from the g20. blake burman reports china's top representative was seen walking into hotel where the u.s. delegation was saying. a u.s. official confirms the top

trade reps from both sides were scheduled to meet today. this tees up the big meeting which is tonight. getting tense, down to the wire. look at this, the company called the real real just went public. they sell secondhand luxury clothing, shoes, handbags, that kind of thing, up 44% from the initial offering price. the secretary of agriculture toured the headquarters of impossible foods. the maker of plant-based meat substitute, fake meat. sonny perdue, the agriculture secretary is with is now. sir, what were you doing touring a fake meat place when surely you represent some beef farm too, don't you? >> we absolutely represent a lot of of beef farmers, but motto is usda, do right, feed everyone, we're looking in here in southern california and looking at innovations and techniques and impossible foods is one of those. stuart: what was your takeaway?

>> it is not for me. the job at usda is to make sure food is safe, not choose what consumer want. they will make an effort in the market and we'll let consumers make that determination. stuart: i want to draw you into the debate on this i don't want you to say something you don't want to say but are you a little surprised at this sudden deluge of news about fake meat and the huge acceptance in the marketplace? is that surprising to you? >> i am. i think it is surprising, a little bit faddish. we'll see. obviously people who have ethical reasons for choosing plant-based meat. i don't think that is the majority of people. everyone like as good steak and meat hamburger. we'll say to let the market choose. not my responsibility to choose but make sure people are safe. stuart: got you. talk about something more serious. speaker pelosi wants changes to the u.s., canada, mexico trade deal. are you okay at some changes at

this very late-stage in the game? >> well, stuart, you probably know that really falls under ustr. ambassador lighthizer stayed in very close touch. i think some of the things they're asking requires a little bit of tweaking what they're asking for. he has been very patient and amenable to some of those. i think we can get there. on the main issues there, it is really too late. mexico has ratified that, canada is before ratifying it. so they're can be major structural changes. there are efforts over enforceability. we want to make sure that the democrats an republicans are both happy about this. stuart: you expect that usmca will be accepted by speaker pelosi and congress very soon, if a couple of minor league tweaks are made, correct? >> i'm very optimistic that will happen. if put on the floor today, just like we saw yesterday, i think it will be passed by majority of both caucuses. this is a great trade deal. if you take politics out of the equation, giving president trump

a win on this. this is getter, chapter by chapter, verse by verse, line by line. it is much improved agreement on labor and safety, health, and all those kind of things, particularly in agriculture as well. stuart: okay. sonny perdue, secretary of agriculture, sonny, thanks for joining us. we appreciate it. thank you very much. >> have a good strawberry. stuart: send it over. thanks very much. stakes for america and china on trade are absolutely huge. no deal means real economic trouble for both sides. there are a lot of pressure there. my take next. did you know that nationwide has customized small business insurance? huh-uh. maybe that's a song. yeah, maybe. (peyton) did you know nationwide is america's #1 provider of pet insurance, farms, and ranches? now that's a song. yeah, maybe. oh, that's gold right there.

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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. ♪ stuart: it's probably the most important meeting of the year. president trump and china's xi jinping tomorrow in japan. our time is tonight. trade deal or no trade deal? what are we going to get? smile and a handshake or

something for substantive? then the reaction to it. monday morning stock market performance, very important. it's a pointer maybe for the whole summit. not going to try to make a forecast here. i have no inside knowledge. but i can read the tea leaves and here's what i am seeing. as we walk up to the big meeting, i see the market close to record highs. that means investors expect something positive. they have read all the confusing headlines going back and forth and the market's conclusion seems to be that there will be no slap-down, drag-out fight with both sides walking away with nothing. no, that's clearly not what the market expects. at least a smile and a handshake seems to be the consensus. look, the market's up. the reasoning for this, here it is, while the stakes for america and china are absolutely huge, no deal means real economic trouble for both sides. that's a lot of pressure. get something done. by sunday morning, our time,

we'll know and on monday morning, wall street will react. again, i'm just reading the tea leaves here. a positive outcome to the meeting will likely give stocks another boost. it would be a sigh of relief, thank heaven it wasn't a blowup. but if there is no deal, you could probably expect a sell-off. i say this because when the tentative deal blew up a few weeks ago, the market sold off and when the president threatened mexico with tariffs, the market went down. couple of things to bear in mind. we are talking here about a short-term reaction. look to the longer term and remember that the economy and profits remain strong, and that the federal reserve will act to help out if things turn south. president trump's been in the oval office for two and a half years, and throughout that time, his meetings, tweets, tax cuts, political fights, they have set the news world on fire. never has that been more true of tomorrow's meeting with xi jinping.

the world is watching because there's so much riding on it. and just wait til monday morning. you will be checking your 401(k). that is guaranteed. the third hour of "varney & company" about to begin. we'll see what happens. you'll know before most. we'll see what happens tomorrow. it will be a very exciting day for a lot of people, including the world. it will be an exciting day. a lot of people are talking about it and it's very interesting and it's going to come out hopefully well for both countries and ultimately, it will work out. stuart: ultimately it will work out. we got that as a fairly positive, optimistic comment from the president just ahead of his meeting tonight actually with xi jinping. both are at the g20 summit. first things first, though. look at the market. as we said, that's a very modest

gain. it seems to me that investors are expecting at least a handshake and a smile, relatively positive going into the meeting. moments away. come in, donald lufkin. you are a favorite guest because you speak right at what you think. so i believe you believe that there will be a deal, right? >> there will be a deal. i think your preamble was right on. the photo op we will all get saturday morning will just be a smile and a handshake. in the #metoo era probably a hug isn't involved but they will be friendly and they will signal they will send their negotiators off to solve this problem and that's exactly what you said. this problem just has to be solved. xi comes into this in a weakened position. he just got taught a terrible lesson by a million people who flooded into the streets of hong kong. he learned that you just can't

resist the forces of the future, and that he's going to have to open up his economy a little bit. that's all that trump is asking him to do. can i cite a statistic for you? in the previous segment, you showed that tweet where trump is bragging about the stock market performance during his presidency. while i was waiting i went and calculated it, and the stock market on a per annum basis since he was elected has returned 13%. that's a 13% a year in the two and a half years since trump was elected. you know what the chinese stock market has done in the six and a half years since xi was elected? 4%. right? so who's got the strong economy, who's got the leadership, who's going in there in a strong negotiating position, our president. stuart: so you think then that come monday morning, come next week, there will be a nice rally for the market? you think that? >> depends on exactly what the words are, right, because i think the way you queued up this

segment is probably about what the markets are expecting, that they are going to be friendly to each other, they are going to say there will be further negotiations so the markets are going to i guess breathe a sigh of relief that they didn't punch each other and walk away. but the devil will be in the detail. it will be in what do their written communications say in their respective languages and what we want to look for is we want them to contradict each other, right? we want trump to talk about all the good stuff he got in english and we want xi to talk about all the different good stuff he got in mandarin and those won't overlap but that's a feature, not a bug, because that means they both got something. so look for that. that will be the cue for the market to rally. stuart: good. by the way, as an investor yourself, would you go out on a limb and buy stock aggressively today? >> you know, i kind of think i would, but it's too late for the stocks i would buy because that

market's closed. you've got to buy chinese stocks, because those -- that's the stock market that's just been smashed during this trade war. our market's at all-time highs. if you want to appreciate like a relief rally that will just put some money in your pocket quickly, it's chinese stocks. i hate to say it but that's the right answer. stuart: fascinating. donald luskin, you are all right. original stuff. >> you are all right. stuart: pretty good. thank you, donald. we appreciate it. >> at least i'm not alt-right. stuart: whatever you say, son. thank you, donald. see you soon. >> thank you. stuart: all right. now we have been watching bitcoin all week. of course we have. it's been on a wild ride. wait a minute. we've got a guest who says, he's a true bitcoin believer, not just a passing fad, he says. in fact, our guest says it is his preferred way to make a transaction. that man there is saying it. his name is john meyer, managing partner at starship capital. do you actually buy and sell things using bitcoin?

do you do that? >> great to be back, stuart. the reason i think bitcoin is my favorite method of transacting is because it's 24/7 and it's also very very very vp pmuch protected. if i'm ever paying a graphic designer for some product we are developing at my company, it's easiest, quickest and cheapest to actually pay them in bitcoin versus something like paypal or a wire transfer or any of the other ways we are currently transacting -- stuart: wait a second. wait, wait. how do you establish a price? just the other day, just yesterday, we had bitcoin drop about $1100 per coin very quickly. if the value is changing so rapidly, how do you establish the price of anything in bitcoins? >> you bring up a great point. that's why the majority of bitcoins used these days is still as a long-term store of

value, considering how finite the supply is. we will only ever have 21 million bitcoins in supply, no matter what, unlike gold, where we can always turn up more gold. so the secondary reason for bitcoin is what we described initially, and that is transacting. in that case where we are paying someone for services via bitcoin, it's their responsibility to say transfer that into u.s. dollars when they receive it to avoid say a huge downturn in the price, or even potentially an uptick but i say in an uptick, you would want to participate in that. stuart: do you think it's going back to $20,000 a coin and maybe up from there at some point in the future? >> yes, i definitely think so. the reason is because, you know, now that we're in 2019, we are ten years after bitcoin was first developed, and in that decade, there's been a fair share of issues, fair share of bad apples, but there's been an extreme amount of evolution and building up of this technology

and more importantly, the core technology of bitcoin which is actually blockchain which we are now seeing big companies like facebook begin to actually adopt with their payment system, and other startups such as gojoy, a competitor of alibaba, use bitcoin to almost take on alibaba in a big way where they are serving as a huge threat to them. for the first time, we are seeing these real world applications that are not based in just hype. stuart: i find that is absolutely fascinating. john meyer, thank you very much indeed for being with us. we appreciate it. thank you. >> thank you. stuart: you won't believe this, folks. germany is imposing new speed limits on its famous autobahns. it all has to do with europe's historic heat wave. we will try to explain it for you. can you guess which state has the fastest pace of income growth in the country? i'm going to tell you now. it's west virginia.

who knew? later this hour, i will ask the governor of west virginia, jim justice, how do you do that. ashley: country road. stuart: mayor pete takes a shot at the president over his foreign policy. says the president's alienating our allies. you will hear it. and captain america, pete hegseth, will respond after this. ♪ hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice.

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stuart: there's a heat wave, huge heat wave, really plaguing western europe and now we've got the aftermath. germany is starting to impose speed limits on the autobahn. yeah. officials say the heat could cause the road to crack or

blister. they set a 75 mile an hour limit. in some places it's 62. used to be there were no limits at all. you could drive your porsche straight down there at 200 miles an hour if you wanted. let's talk about mayor pete. he was onstage last night for the debate and he's drawing some criticism for his jab at the president's relationship with our allies. roll tape. >> you got to ask, you're likely going to have to reset a relationship between america and another country or entity if you become president because of perhaps because of some relationship that you just mentioned about president trump. what is the first relationship you would like to reset as president? >> we have no idea which of our most important allies he will have ticked off worse between now and then. stuart: huh. i didn't get much from that, pete hegseth, but it seems to me that mayor pete doesn't like the president's foreign policy. >> you think? stuart, i woke up not feeling very well this morning. it turns out two hours of

breathing in the noxious fumes of sewage, not good for you. stuart: you practiced that line and it didn't work. >> i just practiced it. it didn't come out as well as it did last night. you got to go with live television and answer the actual question. in this case, this is the only guy with military service on the stage. he tried to prop that up a few times. ultimately, listen, what this president has done has confronted allies who have been freeloading off of us, have acknowledged the world today is different than the world after world war ii, and if you want to have alliances they better be meaningful. just because you have an enemy doesn't mean you can't engage them in service of trying to maybe get rid of their nuclear weapons and bad deals like the iran deal should be scrapped so that we bring them to the table on our own terms. so when he's talking about ticking off allies, go to our real allies. go to states like israel. go to folks like the uk, who -- australia, japan, who ultimately share our values and have been standing strong, he has stood strong with them. it's wavering allies, it's

western europe, places where they have opened their borders, gut their militaries to pay for their welfare states. they don't demand allegiance, then wonder why they are under siege. why would you want to bow to that and pretend like that is our interest? he challenges that and they don't like that. stuart: we must not go back to the era of apology constantly to our enemies, and insulting our friends. >> correct. stuart: that was what we have been doing. >> pete buttigieg and others on the stage would appease the worst trends of our allies, meaning they allow them to continue to drift the way they have, which is how we lose the west, then they wouldn't challenge our enemies the way this president has been willing to. can you imagine pete buttigieg really staring down china? think xi jinping will take this guy seriously? no. they take donald trump seriously because they know what deals look like, he's articulate about the challenges we face, he's willing to be blunt, he talks in the terms of strength. that's what a president does. stuart: see, now you're warming up.

now, the media is going bananas over what president trump said about his -- after his meeting with putin. just roll this for a minute. reporter: will you tell russia not to interfere in our election? >> don't meddle in the election. stuart: don't meddle in our election. oh, that's a terrible thing to say. >> oh, my goodness. flippant is what it was. it was totally dismissive. the more the so-called mainstream press, they are all left wing press and they all hate the president, the more they tell him he should do something means actually he will. in a meaningful way, that they would think validates their criticism of him, if he were to take seriously for two minutes and preach at putin, all the media would say see, we were right. there really has been a problem here. you know our government behind the scenes is doing everything it should to ensure we have ballot integrity. that's what it's about. ballot integrity. but it's the democrats and those

folks on that stage who stand up and say russia is the greatest threat to us, they are the ones who are doing the misinformation for vladimir putin. donald trump is like enough with your nonsense, i'm going to focus on the things that really matter and secure our elections at the same thing and no collusion, no obstruction. stuart: you were fired up by that debate. >> i was interested in how poorly they will lose with the way that they are talking up there. stuart: exactly. exactly. a socialist party cannot win against -- >> joe biden -- joe biden should have run 25 years ago, which he did twice. he had no business being on that stage. he's not where the democrat party is. they are going to keep coming after him on every issue, including kamala harris' effective attack on him. i don't think he's got a leg to stand on. stuart: i hate to cut it off when you are on such a roll but i'm going to do it. >> you are? stuart: yeah. that's life, son. >> bitcoin still surging. stuart: you got it in. okay.

check the big board. not much of -- there's not much movement today, frankly, in advance of the big meeting which is taking place in a few hours. would you jump in with two feet? we are up 30 points on the dow, 26,500. hegseth would, of course. boeing, grounding of the 737 max jet has been extended. the "journal" says they may not be back in the air until late this year. the stock still depressed at $365. jackie onassis' martha's vineyard estate on the market again. how much is the asking price today? i promise you will find out after the break. twitter making some changes that could affect president trump. we will tell you what's going on after this. ♪

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stuart: jackie o's estate on martha's vineyard up for sale. caroline kennedy, the only surviving child of jackie o, listed the estate for $65

million. jackie bought it in the 1970s for about $1 million. now, it sits on 340 acres. it's beautiful. tennis court, outdoor pool, art studios, you name it, even a quaint vegetable garden. on the market for $65 million. we've got a picture for you. it's a picture of an erupting volcano taken from the space station. ashley: look at that. stuart: an astronaut snapped the picture in the north pacific. that is its first eruption since 1924. do the math, that's 95 years ago. ashley: that's a great picture. stuart: this is an important story. they are going to be flagging tweets made by world leaders. when are they going to do to president trump? liz: they are setting up a team, they are going -- that team will decide whether or not a tweet will have a warning label on it. if it has bullying, harassment or hateful content as decided by

that team, when the tweet goes up, the warning label will read the twitter rules about abusive behavior may apply to this tweet. we are keeping the tweet up for public interest. you can still click on that warning label. the problem is, how does the team decide what is abusive and hateful. they are also going to push the tweet down lower via the algorithm in the search on twitter so in other words, less people could see the tweet. this will affect those with more than 100,000 followers. clearly the president and other global leaders. again, silicon valley decides what you see. stuart: exactly. it's a form of censorship. that's what it is. they don't like us. they just love them. okay. jim justice is the governor of west virginia. he was elected first as a democrat but he switched parties, went to become a republican to support president trump. how's that working out for him? that gentleman, the governor, is on the show next. plus, i've got a quiz for you this friday.

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call now to purchase your american eagle coins at cost for the amazing price on screen now. stuart: we are up 50 points on the dow industrials, literally hours away from the big meeting with xi jinping. that's weighing on the market, as they say. the real real online seller of second-hand luxury stuff, shoes, handbags, just went public. it's up 46% at $29 a share. that's $9 higher. mortgage rates, i'm going to call them close to historic lows. the 30-year fixed rate loan is down to 3.73%. i think that's very good. jerry howard is with us, national association of home builders. welcome back. let me start with this. freddie mac says that in a survey of renters, only a quarter, only a quarter of

renters were very likely to buy a home at some point in the future. i don't get that, with rates down to 3.73%. can you explain it? >> well, what's even more scary about that is when we poll renters, two-thirds of them want to be homeowners. so what's the problem? the problem is the cost of producing multi-family rental housing is so high that their rents are so high, it's difficult to save for a down payment. the cost of producing single family housing is so high that the price of entry level single family homes are so high that they are caught right in the middle. it's public policy for both rental housing and single family housing that's causing the housing affordability crisis that you are referring to right here. stuart: we had ben carson, housing secretary, he was on the show just a couple days ago and i was asking him about the president's push using an executive order, get rid of some red tape, get rid of red tape in the housing industry which pushes up the cost of producing a new home. do you expect to see any results from that in the near future?

>> oh, yes, we do. we are really excited. in fact, we have talked to people over at hud and in the administration since they signed that executive order. the whole housing industry, whether it's producers, financers or those representing housing consumers is really excited about the president's initiative here, and i do expect to see m some results, yes. stuart: you have been on the show and told us the cost of building a new home in california is elevated by, what, 40% because of california rules, regulations on housing. can the feds affect rules put out by the state of california? >> absolutely they can, and the way they do that is the same way they do with speed limits. you say this is what it's going to be or you are not going to get transportation money. i think, i hope we will encourage the administration to tie housing financing and housing funding to states and localities which encourage the production of affordable housing. stuart: are you guys gung-ho to start building fresh?

>> oh, absolutely we are. our builders have never fully recovered from the recession. we are at about 66% of total capacity. we could build a lot more housing and we can build housing that those very renters you referenced at the outset can afford. if the state and local governments would get out of our way. stuart: just a few years ago as i recall, i hope i'm right on this, just a few years ago we were building and selling 600,000, 650,000 brand new homes each and every year. that was a few years ago. can we get back to that level soon? >> we are at that level now. the problem is that there is an endemic demand for about 1.2 million new homes a year. we are still only producing just under a million. we need to get even more than the 650 we were producing a few years ago. stuart: you think the administration's going the right way? >> oh, yes, they are. we are really excited and really, really grateful for president trump taking this initiative. stuart: jerry howard, home builders guy, thanks for joining

us. always appreciate it. thank you, sir. >> see you soon. stuart: next, our guest is the governor of the state with the highest rate of income growth in the country. who would that be? come on in, jim justice, republican governor of west virginia. well, mr. governor, how did you do that? the fastest rate of wage growth of any state in the nation? i've got to believe that is the return of coal. is it? >> well, to some degree, stuart, it is, but we are doing several things. we are doing things all over our state in so many different ways, it's unbelievable. but i go back to one thing. i mean, to just think west virginia, we have been last in everything for decades and decades, for the last 500 years. but things have really changed and we are really on the move. for west virginia to be first in the nation is just unthinkable. stuart: how did it happen? did president trump's tax cuts

have something to do with this? did his push for coal coming back have something to do with it? is it natural resources that's doing this? put your finger on it. why are you the fastest growing wage state? >> well, the first thing i would like to say is just this. had a great friend, tom floyd, lost him way too soon. had a beautiful wife and daughter. he was my son's best friend and i was probably second dad. he used to say all the time any frog that's not proud of its own pond isn't much of a frog. we absolutely had to start promoting west virginia in every way, shape, form or fashion and we've done that. tourism is booming. our coal industry's back to work. manufacturing is going. there are so many things from the trump tax cuts to the relationship with trump to everything under the sun. everything is moving in a positive way in west virginia. we are really proud of it. i'd say to anybody and everybody, we are looking for thousands of people, we have

really high-paying jobs here and you could have a fabulous job and live in paradise. there's no place any more beautiful than west virginia. you got to come to west virginia. stuart: that's a pretty good commercial for your state, i've got to say. you were elected as a democrat but you switched parties and became a republican because you've got a relationship with president trump. how is the party switch going? >> well, it's going good. to be perfectly honest, everybody's entitled to one mistake in their life. i just screwed up. that's all there is to it. my family has been republicans all of our lives and everything. i'm really proud of where i am right now. it's going good. stuart: is west virginia essentially a natural resource state? >> well, surely it is. we abound in natural gas and oil and coal and timber and water and everything, but we're located in a sweet spot, too. four incredible seasons, we're located within a rock's throw of two-thirds of the population of the country. absolutely we've got the

greatest people, they're loving, they're good people and so many things. honestly, today tourism is booming in every way, high tech, manufacturing, there's all kinds of things. we've still got a lot of work to do. we still got a lot of people out there hurting and we're still going to continue to help them. stuart: we're told, the democrats will tell us that the rich are getting richer and it's the poor that's just not shared in all the goodies that come from president trump's economy. is that true of west virginia? >> well, we've still got a lot of people that are hurting. there's no question about that. but i am telling you, if you look at what president trump is doing, and i don't want to be critical, but you look at that cast of characters that was onstage last night and you think of where they want to take this country back to, this country was founded upon principles that made it the most successful country in the world of all time. why do we want to go try to

mimic some other country that's so far down in the dumps, why in the world do we continue to beat on president trump. i get a lot of the same criticism. imagine, imagine west virginia, the fastest growing state, the highest growth income and our state paper, the "charleston gazette" doesn't even mention tonight the paper because they want to drag everybody down and beat everybody up. just the same thing they have done forever. exact same thing that's happening to trump with the "new york times" and on and on. stuart: if i came to west virginia, can i learn to speak with your accent? >> you got it. stuart: if you're not careful. >> i don't know that you want anything to do with my accent. stuart: i love it. i love it. it's authentic american. jim justice, governor of the great state of west virginia, thanks for joining us. appreciate it. >> thank you, stuart. stuart: next, we teased this

earlier. who said do not send your children to the borders. if they do make it, they will get sent back. it was not president trump. roll tape. >> our message absolutely is don't send your children unaccompanied on trains or through a bunch of smugglers. we don't even know how many of these kids don't make it and may have been waylaid into sex trafficking or killed because they fell off a train. we have no way of tracking that. so that is our direct message to the families in central america. do not send your children to the borders. if they do make it, they will get sent back. more importantly, they may not make it. stuart: my, how times change. ashley: he's absolutely right in what he was saying. it's so annoying, you go back to 1995, bill clinton's state of the union address, railing against the problems of illegal immigration. 2006 they passed the secure fence act. who was behind that?

hillary clinton, chuck schumer, then senator barack obama saying -- authorizing 700 miles of fencing along the southern border because it's such a big problem. why the flip-flop? votes. liz: even that same year, obama held a rose garden national address saying we've got to move forward on immigration reform. he also said you've got to stop the flow of illegals, got to increase deportations, they broke the law, you have to hold them accountable. by the way, with everybody raising their hand saying give health care to illegals, obamacare doesn't allow that. the 2013 immigration reform bernie sanders, elizabeth warren and gillibrand are for, doesn't allow that. i don't know what happened the last five years. stuart: if these migrants were to vote republican, the democrats would build a wall. guaranteed. guaranteed. all right. let's move on. president trump not happy with the supreme court's decision on the citizenship question in the census. he says he wants to delay the census until the issue's resolved. can he do that?

judge jeanine pirro up next on that. soccer fans, listen up. team usa playing france today in the women's world cup quarter finals. this is a very big game. 3:00 p.m. eastern, watch it on fox. ♪

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stuart: early this morning, some of the 2020 democrat candidates toured a migrant detention facility in homestead, florida. last night, every single candidate on the stage raised their hand when asked if they would provide health care to all illegals. judge jeanine pirro is with us. put the book on the screen, please or she will kill me. upcoming book, "radicals, resistance and revenge, the left's plot to remake america."

that's a title i can get behind. >> well, you are seeing it right there. the plot to remake america. give illegals health care. stuart: can you believe that? >> i couldn't -- i was watching it last night and you know, i really at that point, i said i need a glass of wine, i need a beer, i need something. but you know what, the truth of it is they are already getting health care. they go to emergency rooms, they go to hospitals. remember when barack obama said no, illegals aren't getting it, joe wilson said you lie, you lie. joe was right. you know, the bottom line is that is the one question, stuart, that americans are going to say that's enough, i've had it. this is where i put the stake in the ground and baby, you ain't crossing it. stuart: i was born here, i don't get it, but you give it to people who walk in the door illegally. that's an absolute non-starter. i'm sure of it. we are a compassionate human place, that's who we are, but we

can't do that. >> we can't. look, how many americans can barely afford to pay for their own health care, and now we are bringing in, i'm telling you, stuart, we had a million come in between october '18 and the end of june. that's a million people. they didn't come in with money in their pockets, stuart. they are overburdening our social welfare system, our schools, our, you know, our everything, housing, food, social services, everything, and we want to give them health care and we are going to pay for it, and americans, you know, the same bunch of them, i call them the clown car of the democrats in a clown car, they are all saying we shouldn't have to work two or three jobs. are you kidding? you have to work two or three jobs if you're going to pay for their health insurance and your own. stuart: that's what we need, a little fire on the show as we head out on a friday afternoon for the weekend. serious question here. look, the president says he can

get that citizenship question on the 2020 census in time. the president wants to delay the census. can he do that? >> sure he can. he can do whatever he wants. stuart: can you really? >> when the court ordered it to go back to the lower courts, there is no way the lower courts are going to be able to resolve the issue before the census is due. he can do whatever he wants in the end because you know what, the supreme court and i got to tell you, this john roberts, i had a lot of question with him way back, and in the end for him to analyze what the white house was actually doing, what are you doing? you are now saying to every judge in every court, you can now go beyond the facts, lift up the papers and try to figure out and psychoanalyze what the motivations are, what were they thinking, why are they doing this. no, you are a judge. you decide the facts and you apply the law. it's that simple. stuart: judge roberts is now the swing vote. >> yes. stuart: you don't know which side he's going to come down on.

he swings all over the place. he legitimized obamacare. now he's saying no citizenship question. that isn't right somehow or another. it makes the supreme court less predictable, doesn't it? >> it makes it less predictable and it's okay to have a swing vote. it's okay for them to differ. it's okay for someone that we categorize as being in this box to go in that box. but when you decide that it's time to psychoanalyze what the intent and the motive is of the parties, then you are eliminating the law and precedent and instead, interpreting your own view of what their motivations are. stuart: when does the book come out? >> the book comes out in august. stuart: i've got to wait for august until this? >> i'm doing an audiotape now. you can come into midtown, next door. but this is it. they are remaking america. they are telling the illegals

come on in. we ain't got no borders. you want a house, you want education, you want child care, you want food stamps, well, our parents decide gee, should i take this meat or pay for my medicines. shame on them. stuart: we will leave it at that. judge jeanine pirro, thank you for joining us. we appreciate it. comedian ben gleib has a network show and has filed a paper to be a presidential candidate. he's a democrat. didn't meet the qualifications of the first debate. he says he is a compassionate capitalist. what's that? would a compassionate capitalist allow a 70% tax rate on the wealthy? i will ask him after this. ♪ this is not a bed.

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how are you doing, sir? >> i'm very well. i was able to rest. i did not have to argue with a bunch of other very eager people. how are you? stuart: okay. i'm in great shape. we are going to take some of the questions from the debates, roll the tape on those questions, and see how you would answer the questions. you are a compassionate capitalist. so the first question is on taxes. roll the question, please. >> democrats want a marginal individual tax rate of 70% on the very highest earners, those making more than $10 million a year. would you support that, and if not, what would your top individual rate be? stuart: you heard the question. answer, please. >> i think i'm a compassionate capitalist because we cannot leave the incentives for earning more money so i do not at all agree with a 70% top rate. i think that's far too high. i don't believe in a top rate above 50%. i think it should cap out at 49%

so you always have the ability to be making more than you're paying in taxes. i do however think you can pay for a lot of other programs by -- when you expand medicare, you can then reimburse people with their tax rates and the amounts that they're paying into their current health care system and you can do a wealth tax on people that are making extreme amounts of wealth. over $25 million. stuart: you are a democrat. just let me get this in. i think it's flat out immoral and utterly wrong for any government anywhere to take more than half of any person's income, regardless of what they make. but that's just me. we've got another question about paying for all these giveaways. >> we pretty much agree on that. stuart: no, we don't. roll the tape on that question about giveaways, please. >> a lot of talk in this primary about new government benefits such as student loan cancellations, free college, health care and more. do you think that democrats have a responsibility to explain how they will pay for every proposal

they make along those lines? stuart: do you have a responsibility to tell us how you'll pay for everything? >> i think you do indeed. that's part of the reason why i am not in favor of medicare for all. i'm in favor of a much more market-based and reasonable yet compassionate plan where you expand medicare to those who do not have it but you also allow people to keep their private insurance because in america, you should not be told you cannot buy better insurance if you so desire. that's part of the principles that make this country so wonderful and you always have the freedom of the market to be able to choose but there will also be an expansion so we finally cover millions of us that do not have health care. it seems like a perfect common sense middle ground. that's why i'm the common sense candidate. but they only want these extreme policies to be on the air. they don't want voices that are going to come in and actually try to come up with solutions. that's why we're trying with my campaign, trying to find middle ground so we can actually pass. stuart: all right. we will have you back and i will take you up on that thing about

taking more than half of any person's income because we do not agree. ben gleib -- >> you want to chip in extra, i would love it. we would love that very much. go to gleib2020 and chip in there. stuart: you got it in. see you soon. thank you, sir. more "varney" after this.

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but i can tell you liberty mutual customized my car insurance so i only pay for what i need. oh no, no, no, no, no, no, no... only pay for what you need. liberty. liberty. liberty. liberty. ♪ stuart: memorable moment from the debate last night. candidate were asked would you pay for health care for illegals. every single one of them put up their hands. liz, my how times changed. liz: not too long ago, many same democrats said obamacare should not, will not give health care coverage to illegals. 2013, many of those same democrats said no health care coverage for immigration reform bill. obama, biden, bernie sanders, elizabeth warren, kirsten gillibrand. stuart: what a turnaround.

>> judge jeanine said many americans struggling by medication or by food. here we are giving all the money away. that is ridiculous. stuart: socialists taken over the democrat party. that is my opinion. that is all it is. time is up for me, neil. it is yours. neil: stuart, thank you very much. we're 11 hours away from the first one-on-one meeting, first long time couple years, president trump and xi xinping from china on g20 gathering. all sorts of expectations. they have been tempered what if anything comes out of the meeting. the hope seems to be, that they can set the stage for future talks, kind of leave it at that. there are no preconditions going into it. so it is going into very close scrutiny the world over. edward lawrence in osaka, japan, where it all will take place. edward? reporter: neil all eyes on the meeting between president trump and president xi xinping. that meeting will determine if this could be a long, drawn out trade war with china or something worked out