we are back now with eric cantor. in your that new job you are talking to the clients, pulling up a chart #7075, the bloomberg, looking at the s&p 500 here we saw the s&p down earlier. it was announced the meeting would be postponed. this is a market paying close attention to what is happening on bloomberg -- capitol hill. continuedio with gridlock, to complicate the timing of tax reform and regulation. what is going on, will they be able to stick to the timetable? eric: i think from clients i'm speaking with around the world, all eyes are on what is happening in washington with the trump administration, the trump bump we have seen in the equities market, whether that will stick. from what i hear, people are more optimistic. i think it is well-founded when you look at that regulatory push and the fact that the trump administration and president trump himself had said there is a huge burden, over some -- over burdensome regulation. we have got to get people back to work. you have equities markets counting on tax reform

in studio for the hour, eric cantor, former house majority leader.alk to him about with what's going on in politics. ever before we do all that, a quick check on the markets. looks like the dow would open about 46 points higher. s&p 500 up close to six points. also, some headlines for you. we have a slew of economic data coming up ahead of this fed policy decision later today at 2:00 p.m. we'll get february retail sales and consumer price index at 8:30 eastern time. later this morning, business inventories and the home builder sentiment. also, crude oil higher for the first time in eight sessions. this coming after the american petroleum institute reported a surprise drawdown in inventories. the energy department releasing official inventory numbers later this morning. you're looking at wti crude trading at 48.75. finally, get ready for qe-4. jpmorgan chase ceo jamie dimon thinks that's possible, but not from the federal reserve. this time he says it's a round of stimulus that he believes could come from bringing cash back from overseas, if laws chan

to midterm elections, you win them when your people are more enthused than the other party. >> eric cantorok at what is at an place so far, do you think that at some point, the conservatives were pushing back so much say too much at stake can't lose window of opportunity we have before midtemperatures i am just going to get in line. >> larry knows i don't although those agree with him i will tell you i agree with him this time. this will happen the skest opposition here is certainly vocal right now but the end what matters is this is president trump's bill now. and when the president owns the bill, this will happen. and it is just a matter of time, obviously, it is approaching now, tomorrow will be the vote. but listen i can go back and look at things that we did under bush administration, very important to have president bush there, behind the bill, actually about accessible to members, when they were in the cloak room equivocateing whether they were going to support the bill or not that is important at this point trump engagements will make the difference. >> any disloyalty among some of

bloomberg's david gura spoke to former house majority leader eric cantor.s asked if this version of the bill is in keeping with the promises the gop made. day, thisend of the is repealing obama care. it is shifting the direction. to prioritize bringing down the cost. more people can have access to it. you do that through free market mechanisms and consumer participated -- participation and getting the government out care systemhealth is. >> they have their say. why go about it this way? >> when you're in a situation thisthis and producing complex piece of legislation, having to take everybody's views and the consideration, there is a tendency for people to say, i want perfect. and this is how we should be doing it. a lot of people would say, fine. but in reality, you deal with what is before you. before you is this monstrosity of obama care that has created a huge presence of government in the health care situation. peel that back and take the first step is what this bill is about. andhave heard paul ryan others say and marsha blackburn indicate this is the

and of course eric cantor and i worked closely together. gland that kevin is keeping that tradition up and that we're working together on behalf of issues that clearly we have an agreement on, clearly we believe are critical to the national security of the united states of america, as well as to israel. the partnership that has maintained now since 1948 is one that's going to continue. i know if kevin and i have anything to say about it, as long as we're in the congress and working together. >> there's a good point too. and i kind of miss not being in the round. iran has tested 14 times ballistic missiles. no other country has spent that much money without trying to pursue a nuclear weapon. that's why this bill is so critical at this juncture. and, you know, i missed that i didn't come in, but how refreshing is it to have nikki haley? [ cheers and applause ] i love it when she tells the u.n. human rights council they need to change. they need to focus on human rights and stop punishing israel for being a democracy. this is so refreshing to

eric cantor joins us now.e you here. >> good to be with you. >> is there any hope we won't see the same thing when it comes to infrastructure spending? is there enough by part anship? can we get some of the members of the freedom caucus or freedom from reality caucus as some like to call them, to get involved here? >> i think infrastructure by definition is going to be a bipartisan issue. as we know the majority in congress republicans were trying to get health care done and will attempt to get tax reform done most likely in a partisan way in similar doubt, president obama pushed through obamacare just on partisan votes. when you take infrastructure spending, that's not something subject to the procedure known as reconciliation that afords a lower voting threshold. it will need 60 votes in the senate. you're going to have to have bipartisan support. my point in that piece that you referred to is yes, i think it is a less partisan issue. i think it is a national concern. i actually sit on the bipartisan policy

if john boehner or eric cantor had made this, or paul ryan had made this kind of criticism, we wouldeedom caucus calling them rhinos. we would have seen outside groups sending out fund-raising e-mails, because there's a lot of profit in that. but the donald trump dynamic being so new, i think a lot of members are worried about how popular he is in their republican districts. >> they might actually be really worried about that threat. jen, i want your take on a different slice of this from the sweep this morning. the white house's response, when asked to clarify what the president's meaning is, the white house's response is the president's tweet speaks for itself. this has become -- this has become the singular response from the white house when asked to clarify or give any background to any of the president's tweets. what does that actually mean, the president's tweet speaks for itself? >> well, i think president trump has been using twitter as a means of sending messages and indicating his views on things. sometimes it's completely inaccurate, and sometimes it's an indication of whe

. >> is eric cantor speaking today? >> he got voted out. they say you can't primary them out. they are the only people that can run [inaudible] it happens, live radio. i like the fact ted cruz is walking through the crowd right now shaking hands. that's why you love him. whenever there is a primary challenge, the establishment always laughs. it will never happen. who are these nobodies that think they are going to come here and challenge ask lex i have two words for you, i don't think i need more of an introduction than that. the representative. >> how are we doing. i have to follow senator ted cruz. thanks for doing all that you do. grabbing hot cocoa before he came out here. i went to minnesota so this is like a spring day. we have it made. it is an honor to be here. we are getting ready to clean up and so i am here with all the heroes of the freedom movement. he said everything i was going to say so i'm going to go back to basics a little bit. who is here from virginia who's here from the seventh district in virginia thanks for coming out. three things made this country gre

. >> is eric cantor speaking today? you cannot primary these guys out. they're the only ones who can run government a love the fact that ted cruises walking through the crowd right now shaking hands. that is where you love him. whenever there is a primary challenge the establishment laughs will are the nobodies' to will think they challenge us? i have to words. and dave brat. no more introduction. how are we doing? figures i have to follow senator ted crews to is out there brown nosing. i went to buy school in minnesota so this is like a spring day. it is sent anything. so i am here with the heroes of the freedom movement. he said everything was going to say the bill is here from virginia? who is here from the seventh district? in mind you three things made this country great first and foremost, judeo-christian that comes the rule of law. and then you get the free markets and the freedom that come from virginia thomas jefferson who is in charge of the health care? this is the issue. but does that mean the federal government is in charge of your health ca

eric cantor was part of that new guard, the young guns, they are going to revolutionize washington, d.c. but they became part of the establishment. i'm not sure -- he's in a position where he's going to vote his conscience versus falling on his sword for president trump. how do you see it? >> i think they are clothes on getting this vote. the word is they are 9 votes short. a day and a half out usually that's gettable for a house leadership. paul ryan is making a bet this will be more like the close votes speaker pelosi had when she was speaker. pelosi's got through. why? because she had a president of her own party behind her. and they are depending on trump being the closer as ryan has repeatedly said. there will be a carrot and a stick. some of the provisions you talked about. the stick is jock lahr. but maybe at the end of the day not a funny threat made toward some of these members. you don't want to end up in his twitter feed. charles: one thing we all noticed is some of those democrats are committing political suicide. you look in the aftermath of the obama years, and democrats l

are more representative of that grassroot tea party movement, i remember the book, young guns, eric cantor, and paul ryan, and kevin mccarty, can you work together? the ideology seems to be establishment government as usual versus freedom caucus? >> is the narrative that, american -- emerges up here. president trump ran on what i run oan outsider to clean the swamp, and helping the forgotten man. how can you clean the swamp when you have a 6th of the economy healthcare managed by federal government. we're trying to get real results in line with trump's major themes, and so, what we're doing is consistent with what he ran okay he said repeal. th bill of the not in existence when he was winning and campaigning be he said repeal, and crowd went wow, we want to repeal obamacare, he voted 50 times for an appeal, we want to improve this bill, the price has to go down, anyone we get there, i know we're a yes. charles: it is possible to get price down over next 6 years is that already baked in to the cake. >> we're not a stickler on that. the point is, insurance regulations are main cost driver, t

eric cantor, yeah, we can deal with it. we like it.galvanizing opposition to obama, opposition to democrats. we won back the house, we won back the senates. but then they overriding the parties general. >> greg: they are beating people up, they are destroying property. they are threatening people's lives. i remember everything about the tea party. >> juan: the charges were -- -- -- >> greg: they didn't touch anybody. >> juan: that's what the charge was against the tea part party. >> greg: they misreported it. remember msnbc. i am being honest. bring the evidence tomorrow. >> juan: i am just saying people say this. you want to say occupy wall street? >> greg: those who assaulted people. defecated in public. radicals. >> juan: people who were upset about trump and who i think are creating a tea party-like mechanism on the left and the question is, can they help democrats win seats? whether you like the tea party of the right or not, in the tea party of the right helped publicans to win. >> dana: president obama lost big time. >> greg: no

eric cantor and i -- >> neil: you should have heard what they said about you. >> they're pretty good to me. >> neil: i guess what i'm trying to get a hand on, congressman, i don't know the parliamentary rules, but if they're so divided on this, can they legally or whatever the term is move on to tax cuts if their their next big thing and shelf this? >> legally the answer is yes. the tax bill is an independent bill a discrete bill from the healthcare bill. the healthcare bill is a very substantial tax cut for the wealthiest in this country. that aside, certainly they can move on to a tax bill. i'm not sure they have consensus on a tax bill, neil. the problem you see -- i don't have to say it. you've watched it for six years -- a deeply divided party. that's why john boehner is not the speaker of the house. that's why paul ryan is having so much difficulty, not withstanding -- >> neil: you guys are not the waltons. you're not all together. >> we're pretty united party, neil. i've been at this business a long time. the democratic party when we were in the majority and minority, we passe

remember he perhaps won one of the biggest upsets in political history before donald trump by removing eric cantor who is certainly the establishment. take a listen to what he had to say. senator freedom caucus voted with the rest of her conscious conscious -- congress to repeal obamacare so how it gets to be that we are the sticking point i don't get it. the bill has shifted, the bill has 17% approval in the polls probably because prices will go down. prices go up 15 to 20% until 2020 within the confines of an obamacare structure. we are trying to get to yes that's true but our criteria has never shifted. charles: they are trying to get, i know you were a tea party guy and you feel like their freedom caucus is getting a raw deal but what should they compromise on and what should they give up? >> will look here's what i think the bottom line is. i disagree with police on this. they didn't get elected to do something. they got elected to live up to their promises. pointblank including donald trump and including paul ryan repeatedly on numerous occasions promised repeal. what they delivered was not

hey, is eric cantor speaking today? you know, they say that you can't primary these guys out. they are the only people that can run governments. it happens. it's live radio. i love the fact that ted cruz is literally walking through the crowd right now shaking hands. that's why you love him. the establishment always laughs. it will never happen. you will never vote him out. who are these nobodies that think they are going to come in here and challenge us? i have two words for you, dave brat. i don't this can i need more introduction than that. representative dave. >> all right! how are we doing? it figures i got to follow senator ted cruz. he is brown nosing. thanks for doing all you do. i thought he was in the hockey warming hut grab s hot cocoa. i went to high school in minnesota. this is like a spring day. this is nothing. we are tough. we got it made. it's an honor to be here. senator mike lee is getting ready to clean up. so i'm here with all the heroes of the freedom movement. i want to -- he just said everything i was going to say. so i'm going to go back to basics a li

should mention later today that bloomberg tv has an interview with warmer house majority leader eric cantorthe prospects for this health care bill and his new role in investment banking. next hour, live with former treasury secretary larry summers at 12:15 eastern and 4:15 the london time. you have more breaking news out of london. mark: more details on the man behind the terror attack yesterday in westminster in london. he is a 52-year-old according to the associated press. the police have said the metropolitan police, he was born in southeastern england, most recently living in the western midlands, in the central part of england. , who had a number of aliases, was not currently under investigation and no prior intelligence about his intent to carry out a terror -- terror attack. he had been arrested previously for assault, possession of offensive weapons, and public order offenses. his first envision in november of 1983 -- details coming out on 52-year-old,ld -- khalid masood. the perforator -- the perpetrator ♪ of the terror attack in london. ♪ ♪ mark: live from london, i am mark barton

. >> ed: the final question is will viewers remember you took down eric cantor a house leader some constituentsweren't promises and if it doesn't move forward will other republicans fall or face primary challenges? >> i have a ph.d. in economics and james madison up on my wall. i taught college for 20 years, you're right, when i go back home they'll say dave did you lose your marbles. we put you in to represent us not the d.c. bubble. that's why i'm being careful. i represent 800,000 people. that's my job. i'm a representative and i better bet my job right. they know the principles i ran on. i didn't run on a macro federally run mandate policy. we're trying to get rid of as much as we can. >> ed: dave brat trying to be careful and keep his marbles. seems like a wise strategy. >> shannon: a reminder you can go to foxnews.com and check out our live blog. we're live blogging this all day on the battle on capitol hill. it's the only way to keep up because minute by minute every twist and turn. >> ed: you have a lawmaker in the thick of it and he has to hedge because you don't know where it's going

. >> shannon: you mentioned the committee markup session and congressman dave brat who upended eric cantorne conservative and he and others say it's the first chance they've had a chance at a bite of this apple because they weren't members of two committees who already tackled it. do you think they'll have a chance to make changes? the white house keeps saying we're up to negotiation and we hear from the speaker it's binary choice you vote this or you're voting for obamacare. >> you're right the freedom caucus is more represented on this budget committee than the other two, ways and means and energy and commerce. frankly, it may not get through the committee if they don't make the changes these people want to see. i think this markup in particular is one to watch when it comes to the health care bill. >> shannon: you're plugged in more than anybody in washington. do you think there's daylight between them and he said we're together, we're in this, we're fully supportive is what the speaker keeps saying but i keep the waiting for the president and we watched the remarks in nashville last ni

when ipective changed ran for congress in 2014 in eric cantor's old seat. it opened my mind to many of the things in the democratic process as well as government. we are in and charted territory. -- uncharted territory. we have never been a nation that has had an economy that has moved for manufacturing into the services and the technical side of the economic equation. we have never had a democracy that had to function with this much diversity and this many complications in the worldwide economy. so we need a democracy that is able to adapt to this new world that we live in. it seems like we are stuck in our old ways. for example, we have not made a meaningful constitutional .mendment in the last 50 years on average, we have amended it every 20 years or so. to keeplost the ability changing, and that seems to be one of the key problems right now. social media has impacted our democracy and the way our election works, campaigning. before 2014 when i ran for office, i viewed social media as distraction.ny , it transformed from kissing babies and meeting people

. >> the question becomes are the people who are against this legislation, you know, eric cantor, the former majority leader in the house was on "power lunch" last hour, he was saying as rick was eluding to, this is gateway bill right now. once you get past this you've got to have the momentum. will the members of the freedom caucus who would like to see these tax cuts and some of the other pieces of legislation that have been promised, if they can hold their nose on the health care bill, can they get passed through the other legislation. >> the man makes a lot of sense but he was voted out from the freedom caucus. >> i'm aware. >> it's interesting to see the tension take place this is the path towards getting all of our objectives done and others are saying, no, it's not. you're dragging us into a losing bid. dow hanging on to a gain of 25 points. we'll see if congressman dave brat can join us. >> wasn't it interesting the comments that mark meadows made. he said, it comes down to the president. he will be the decider. we all know donald trump is the ultimate deal maker so this is go

david gura sits down with the conversation with eric cantor at 1:00 p.m. new york.orning before and analyst meeting. they announced their fourth-quarter adjusted etf will, $.30 to $.35 a share versus their estimate of $.47. joining us from the phone is tigers financial in these -- investment officer. were these a surprise? >> yes, especially in light of what has been strongest are confident, expectations for a very strong auto market, and overall good momentum in auto sales from last year. alix: what is interesting with some of the headlines they wound up talking about, lower volume, unfavorable exchange, higher them, what has changed for since november? not understand why they are pointing to those items when they were known in november so that is catching everybody by surprise. alix: what does that mean for the broader auto industry, is this for the specific or the industry? ivan: everybody else seems to be doing well and recording record earnings. gm sales are strong. this is a little surprising for ford, especially with the popularity of the f-150 and the feelin

congressman eric cantor, and kristin, thank you for joining us. we'll see you tomorrow. "varney & company" begins right now and stuart, over to you. stuart: i'll take it. do they have the votes to reform obamacare? and at stake, the rally. and at this moment we're told there are not enough yes votes to pass it. that's a problem. if the first test of the president's legislative agenda is a failure, the markets shall we say wobble. and closed back to 20,600, about 500 points below the high. today, we will be down a little more at the opening bell. watch this market move according to the likely vote count. there is one positive from politics. judge gorsuch had a solid performance for the supreme court and likely to be approval and it's approval that investors want. one more headline, please, sears is definitely in the retail ice age. it says there is substantial doubt it can stay in business. how about that? "varney & company" is about to begin. ♪ > >> you are a no on this. do you know how many other nos are out there? there are more conservatives. >> there are 30 or more n

to the united states capitol police dignitary division working with dick armiey, roy blunt and eric cantor and the leader of my detail team. i thank his wife susan and his two kids for selflessly allowing angel to serve our nation in these roles. angel, on behalf of my family and the entire capitol family, thanks for your service. we'll miss you, young man. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentlewoman from illinois seek recognition? >> permission to address the house for one minute. the speaker pro tempore: without objection. >> thank you, mr. speaker. the american people are demanding a real investigation into president trump's ties to russia and vladimir putin. i was a journalist for two decades and an investigative reporter, where there is smoke, there is usually fire. and right now smoke it billowing out of the white house. no matter how many times president trump tries to distract us with a tweet, no matter how many times president trump's advisers have held secret meetings with the russians, no matter how many times

eric kantor, cantor said now it bullets they're shooting with.right. sean spicer said exactly that from the white house briefing room yesterday. look, they voted again and again to repeal obamacare when president obama was still in office. they knew it would never become law because of that. now he said it's a live ball. here's what white house omb director nick mulvaney told republicans yesterday behind closed doors, saying ultimately they're simply going to have to vote for this. he said trump is done negotiating over the republican health care bill. the vote must happen today, friday, and if the bill fails, he said, the president simply is going to move on and leave obamacare in place. the president putting all the pressure he can on these reka recalcitrant republicans, tweeting yesterday that it will only continue to get worse, we must repeal and replace. but do they have the votes for this bill? that's the big question going into today. it does not appear that they do, at least as of last night, unless some people changed their mind this mor

what about this, liz, i was thinking last night, the guy who beat eric cantor. paul ryan, mccarthy. they were part of that young guns movement that's see as part of the establishment. maybe they are willing to roll the dice and say i think my constituents there stand behind me versus washington, d.c.'s elite. >> it's a question of whether we want the gop to govern tore make a lot of lines in the sand that they can't hold. you go to the senate and say