tv Varney Company FOX Business June 1, 2017 9:00am-12:01pm EDT
do every day. >> you're passionate about every single thing and-- >> you're the best. >> congratulations. maria: and thanks to our phenomenal team. stay with fox business network, stuart, this is the two year anniversary testify the lineup, followed by "varney & company." stuart: that's correct, we've been on the air two years from 9:00 to noon, three whole hours. maria: congratulations! . stuart: it was nothing. [laughter] >> thanks very much, maria. stuart: the judge is with me. let's talk hysteria, shall we on two fronts? no, wait a minute, democratic hysteria and two fronts. good morning, everyone. it's almost funny, the democrats are still obsessed with their election loss and terrified about the future of the planet. this is hillary clinton explaining her defeat. s trois the russians. the e-mail scandal, that was
the biggest nothing-burger ever, she says. the speeches from goldman sachs, unfairly used against me. and bankrupt, i had to put money in. nowhere did she talk about her failure to connect with voters or campaign theme. nor did she acknowledge the damage she did when she called millions of americans d deplorables. president trump tweets this. and she blames everybody, but herself. and joe biden with a political action committee. he has not ruled out a run. and just the hint that america may withdraw from the paris climate accord, nancy pelosi, it's a grave look at our future. and the sierra club, our
grandchildren will look back with stunned dismay. stuart: we get the announcement at 3 p.m., from the rose garden, in or out. 3 p.m. eastern. what we're seeing is old guard democrats rehashing their election loss and trying to stop the reversal of president obama's legacy. stay right there, we have developments on the use of intelligence information by the obama team to undermine candidate donald trump. "varney & company" is about to begin. ♪ >> my e-mail account was turned into the biggest scandal since lord knows when. this is the biggest nothing-burger ever. if i didn't break any rule, nobody said don't do this and i was very responsible and not at all careless. and at some point it sort of
bleeds over in misogyny. the russians based on intel and counter intel and people i have talked to could not have known how to best weaponize that information unless they're goyeded. >> guided my americans? >> guided by americans. stuart: that was hillary clinton blaming everybody, but herself for her november loss. lisa booth with us. >> i'm too busy face-palming her. [laughter] >> i didn't finish my introduction. >> i would be pounding my head against the table if there was one in front of me. stuart: do you think she's running again. >> actually i hope she does-- look, hillary clinton needs to google personal responsibility and then google dilutional because she has madelusional. she's made up every excuse under the sun why she lost and the reason is in front of her. it's you, hillary clinton. she failed to connect with democrat voters and democratic primary in 2008 and again
failed to connect with voters in the general election and mind you, there are also campaign missteps, not going to wisconsin. spending more money pursuing one electoral college vote in omaha than in wisconsin and michigan combined which would have brought her 26 electoral college vets and she wants to say the dnc did not help her. they rigged the primary in her favor, what more did she need or more they could have done to help her? it's absurd. stuart: we've got a limit to this. and-- it seems to me, the old guard democrats are not going away. joe biden is going to create a super pac for 2020. that leads me to ask you, is he considering a run four years, what, three years from now? >> who knows? i think they will have a crowded democratic primary field here for 2020. so, potentially, i mean, look, i think he missed his chance in
the previous election in 2016. but i think he's more on the money and more on message than the rest of his party. he's the one that said that hillary clinton and the democratic party failed to connect with voters and the issues that they cared about. failed to connect on the economic issues. missing the men and women across the country that are struggling to make ends meet. so, he at least was in tune with their failure, so, i think he's a little more on the money than the rest of them. stuart: one thing that i did not see this morning was democrats supporting hillary clinton and her blame game. they have not come out and said, yes, she's right. i've not seen that. have i missed something? >> no, she's not going to make any friends that way. it's not them, it's you. rejected by the democratic primary field and general election voters. she had everything, her allies
and her outspent president trump, then candidate donald trump three to one. so she had everything at her arsenal and at her disposal and still loss. stuart: you can't stop, can you? >> it's absurd and i don't like absurdity, clearly. stuart: enjoying the interview. >> i'm sorry, i've had a lot of coffee this morning. [laughter] >> lisa booth, thank you very much indeed. >> thanks, stuart. stuart: all right, that's politics, a backward look at politics. >> we're going to open higher 23 minutes from now. we are on the upside. only just, but look at the upside. the big tech names, here we go again. all of the fabulous five took a dip yesterday. this morning, they're back up again. microsoft is back at-- and facebook, et cetera, et cetera, et cetera, the fabulous
five are going up again this thursday morning. i want to focus moment for a moment on apple. they're going to make an siri speaker. they're trying to give amazon's alexa and google's home a running. ashley: a long time coming, finally because alexa has gone from strength to strength being a part of the household. well, apple maybe as early as later this month will unveil something. it won't be available for shipping, we understand until the end of the year, but it's going to be an iphone-controlled smart speaker in the house and the difference is, we are told, top-notch sound quality, far greater than the competition. now, the question is, do people care if they're using it just as a utility? it's going to be totally integrated with all of our other apple applications and if are' into the apple house system, you can do everything with it through this speaker. stuart: i find it interesting
that apple in this instance is playing catchup. alexa the leader in the field. ashley: you have to do something because iphone sales we know are declining. apple watches next. stuart: and i mispronounced, it's alexa. alexa. all right. now, the house intelligence committee has sent subpoenas to three intelligence agencies, explicitly naming obama officials, susan rice, samantha power and john brennan. here is the issue, the use of secret information by the obama team to undermine donald trump's candidacy. president trump has tweeted about this. look at this, the big story is the unmasking and surveillance of people that took place during the obama administration. there you go. all rise, napitano is here. the implication is, let's see if i'm right on this, the obama team did spy on donald trump. >> and used the raw intelligence material its spies
gathered for political purposes. a very, very, very serious threat to personal liberty and to the stability of the republic, that the american government would use the authority we have given it to spy on us for its own petty purposes. do you remember a couple of months ago when devon nunez ran from the office to the white house with secret material. i believe he had received from three nsa agents, information about this unmasking and when he saw who was doing the unmasking, and when he saw who was unmasked, he felt he had a moral and legal obligation to tell the president of the united states and he did so. and as a result, there was a big kerfuffle and he recused himself from the investigation and he's back on top of the investigation and he's personally signed the subpoenas. stuart: take me through the mechanics. >> go ahead. stuart: the nsa collects all kind of information on all of us, you don't like it, but they do it. >> yes. stuart: before the trump
administration came to power, after the election, president obama made available nsa information to several other intelligence agencies. >> 15 other. there are a total of 16, nsa is one, he says you can share with the other 15 e so that's the outpouring of secret information and then, the allegation is, that susan rice, national security advisor, asked for the names of people revealed by nsa spying and used those names against donald trump, is that accurate. >> yes, the allegation, now apparently there's enough evidence in the possession of the house intelligence committee, which i suggest to you came from nsa agents themselves to the chair devon nunez to indicate that susan rice was not the only unmasking and that general flynn and donald trump were not the only persons who were unmasked and the house intelligence committee wants to know about that. look, some unmasking is lawful.
if susan rice, the president's chief advisor on national security, needs to know with whom an american is speaking to a russian agent. she has the right to know who the american is. but if she uses her power to unmask for petty political purposes, that's a felony. stuart: it stinks, doesn't it. >> every time it's a felony. stuart: dirty tricks. >> to my dear friends, some of my dearest of friends, spy away, it keeps us safe, this is the brick wall. this is the example of the use of raw intelligence to destroy personal freedom. stuart: all right, judge, you've made your point and i've made mine. dirty tricks by the obama team to undermine donald trump. we're in agreement. >> and when donald trump said they're spying on me some of us took hits for that, he was right. stuart: some of us did take hits for that. judge, you're all right. [laughter]. stuart: how about this, netflix making a big investment in original programming, chief
reece hastings says they'll use 6 billion dollars this year to develop new shows and movies. $6 billion. the dash cam video of tiger woods' arrest, he did admit he took vicodin a prescription opioid. we're on it. >> recite the entire english alphabet, not singing it. do you understand the instructions? with okay, what were the instruction. >> not to sing the national anthem backwards. winning shot. that was it for me. that's why i'm quitting with nicorette. only nicorette mini has a patented fast dissolving formula. it starts to relieve sudden cravings fast. every great why needs a great how.
3 1/2%. con fliflicting stories on the retail ice age. the video is in on tiger woods' arrest. he told police he took several prescriptions including vicodin, an opioid pain medication. dr. marc siegel is with us. we didn't show the full tape there, he's wobbly, he can't answer questions straight forwardly. he's caught in the middle of the road asleep. is that an indication of someone who took too many. >> i never examined him. of the four pills he reportedly had, he's back surgeries and too often a patient like that ends up addicted to opioidsment they can wobble across the road and problems breathing and we would not want them driving a car. >> now, what makes it addictive. it's not just pain suppression, they work for heaven's sake.
is there some kind of psychological effect, make you feel good and make you feel high? >> there's a physical addiction. there's an addiction center in the brain this plays to. yes it makes you feel good and you need more and more. 20% of the time according to c.d.c., if you take an opioid pain reliever for noncancer use, you're going to end up addicted. the more you take it and longer time the more likely you'll get addicted. more than 30 days the chances go up over 30 or 40% you'll need it in a year. stuart: the state of ohio is trying to cope with this problem and they're doing that by suing five drug firms, purdue, endo, janzen, allergen . they're trying to get over it and suing the makers. is that a good approach? >> you just had the judge on here, i'm a doctor.
if you take it back to 1980, there was a letr publishein new eland journal of medicine. we looked at patients and it's not addictive. to say to doctors, you're undertreating pain. you need to give more of this stuff out and they made more and more and more of it. you know, oxycontin was made in the 1990's. j&j is implicated in this, purdue, allergan, and my blame falls on the physician. i'm a primary care doctor. 47% of the opioid prescriptions are written by primary care doctors. i'm not one of them. i don't tend to do that. i tend to be the varney of medicine, meaning, stuart, i look at the cause. is it muscular, the bone? what's the problem. i don't throw opioids at patient. stuart: we've been through this before. i come to you, i'm a patient that comes to your office, look, i've got chronic back pain.
you don't relieve back pain with anything except opioids. they work. what are you going to do to those people. >> couple of points, there are new drugs on the pipeline right now that are going to take care of this without addiction. stuart: they're on the pipeline. >> in the meantime, heat, muscle relack-- relaxants. stuart: do they work as well as opioids. >> yes, chiropractic, and other approaches work as well opioid. opioid is a primary care doctor throwing a pill at the problem rather than the cause. the un-varney approach. i believe strongly in this. we got into this problem by not enough education, not enough education in medical school, we need more. the new head of the fda is saying let's have mandatory education for physicians, he's right. stuart: all right, doctor, we
appreciate you shining the light on this. >> doctors are part of the problem. stuart: bad news for retailers, a lot of it, credit suisse says up to 25%, a quarter of all the malls in this country could close their doors in the next five years. that is the retail ice age, ain't it? more varney after this. think again. this is the new new york. we are building new airports all across the state. new roads and bridges. new mass transit.
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>> we're watching lots of things for you today. i'm going to start with jetblue. they will soon let some customers use selfies instead of boarding passes to board a flight. facial recognition technology, works wonders until the computers go down. uber has posted a $708 million loss and its head of finance has left the company or about to. the retail ice age, credit suisse says, incredible, up to 25% of shopping malls in america will close in the next five years. bebe, the fashion retailer, closed its last store yesterday and payless is going to close 800 stores. ash, you can see the retail ice age in new york city, right. ashley: you can. we talk about this up and down on lexington avenue.
manhattan should be the shopping center of the world. you go down lexington avenue, main thoroughfare, two-thirds are closed now because landlords are asking exorbitant rents and they're rock bottom. stuart: they've plunged. ashley: e-commerce has eaten their lunch as they say. stuart: what are you going to do with all of that real estate of the shopping malls if there's nobody there. ashley: that's a lot of property. stuart: i could use the parking lot. where are we going to open? look at this, we're going up at the opening bell. the dow industrials, 20, 25 points, right there and that will be four and a half minutes from now. we'll take you to wall street.
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at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. >> all right. now we've got about 50 seconds to go before we open up this market on this thursday morning. and i'll tell you now, we're going to forget politics a little bit in our coverage of the opening of the market and we're going to concentrate on technology stocks. why are we doing that? two reasons, number one, nasdaq, which is home to technology companies, has gone up for seven straight months. i don't remember that happening before. maybe in the dot-com bubble of the 1990's, but certainly not recently.
seven straight months up and that's technology companies. how about the fabulous five. when they open this morning, they're all going to be up, all of them will be at or making new record highs. that's the backdrop for the market action, your money today. three, two, one, bang! we're off! it's thursday morning and we have opened to the upside. 2125, 27, do i hear a bid? no i don't. 25, 28, thank you very much indeed, ladies and gentlemen. 26 points ahead, 23. ashley: stop, stop, 19. stuart: 21,000 is where we are. okay. now, look at the nasdaq, please. as i said earlier, seven straight months of gains and we're up again this june the 1st. 17 points, that's better than a quarter percent. not a bad move for the first 30 seconds. same with the big tech stocks that we check every day. we call them the fabulous 5, facebook, microsofabet, apple, all of them going up
today. amazon real close to a thousand bucks. alphabet close. facebook and apple also doing well. i've got news on apple, here is the rough outline, apple is making an siri speaker to rival amazon's alexa and google home. that's big news. apple is up. how about netflix? they're spending $6 billion on original content this year, calendar year 2017. chl. 153 on netflix. and sales compared to last year, old line industrial company doesn't move much. ashley webster is here, jeff sica is here, scott martin is here and i'm going to start with the paris climate deal. businesses, some, putting pressure on president trump to stay in the paris accord. so let me ask you, first of all to you, scott martin.
is it good america's economy if we leave? >> largely it will be. what happens the next accord or agreement is really what he think you're seeing. coal miners or coal mining companies are concerned about. they still want a seat at the table. by and large, if you look at the war on coal the last eight years, the obama administration, the war on metals and miners, the pull out of the accord is good for them. stuart: jeff sica, is it good for america's economy if we pull out of paris. >> yes, we need to pull out of this accord, and pull out of what supposedly is the america first agenda is solving the climate problems of europe. we need to be focused on generating revenue and solving our own problems, not dealing with regulation. this is just an excuse out of europe to create a massive amount of regulation, that generates revenue, that's not a good thing for businesses.
we need to be out of this. stuart: we hear you, jeff sica. got it. tech stocks are still going up, still really right at or going into further record territory. all right, scott martin, now, we've asked you this, many, many times before. looking at the fabulous five, big tech we call them, would you buy any of them on the grounds they're going to go up some more? >> gee, all of them? you know, and you're right, stuart. stuart: would you buy all of them? >> i'd buy them all, man. anybody that's been watching this show this year, i hope, has followed our advice and followed our commentary about these fab five, stuart, are the leaders of today's market and they are the future of your life, as far as how much you touch and interact with each of these companies there on the screen. so, to me, if you're looking at this market that day-to-day is losing its breath to some degree, you're seeing the financials fall out and health care companies and so forth, the reality is, some of these big tech names are left standing at the end of the day,
those are the ones you want to own. stuart: jeff sica, what say you? >> i think at this point the horse has left the barn with these stocks. when you have five stocks that count for almost 50% of the appreciation and index, this is a very narrow market. and then you have 25 stocks that account for almost 75% of the index. it's become a very narrow focused market. and, yes, these stocks are good. i've been a fan of every one of them, but apple and i will tell you that at this point, it's too late. you missed it. we haven't had-- think about this, we haven't had a 10% correction in nine years. so, you know what? if you want to buy these, maybe wait for a little bit of a pull back, but a 10% correction. there's something called gravity. >> everybody has been waiting for that. stuart: and scott says we've
been waiting for this. news on apple, i think this is important. siri, they're going to make an siri speaker. we've had on the show alexa from amazon and home from google. now they've got the siri speaker coming out. i think they're playing catchup. ashley: they've been playing catchup for some time. many people are loyal to apple and it will be integrated if you have systems in your house, go through your apps on your phone and alexa has a big head start and people love alexa. it will be interesting to see if people take to siri. the sound quality is supposed to be greater. >> apple had an innovation program, their model rolling out new versions of old products. what took them so long for this product? this is the first innovation they've had in quite a while. this is a positive step, this is a fully integrated, deeply integrated product from apple
that does do things that amazon and google product cannot do and i think it's a good step, but tim cook is a reactionary ceo, he's not trailing blazing in any area and he's turned the apple product into a gigantic pez dispenser. stuart: i've not heard tim cook described as a reactionary ceo. >> he is a reactionary ceo. stuart: okay. i'll take your word for it. not in a political sense. no, just-- check the big board to the down side. opened 25, now down, 20,999, just short of 21,000. a security network is making a lot of money, palo alto. the cloud storage coverage box b-o-x. however, hewlett-packard reports a drop in revenue in
biggest businesses, networking, data storage, hut by tepid demand. that stock is down 4%. better sales at dollar general and they're going to open a ton of new stores, in the hundreds of new stores they're going to open. the stock is up 4%. that's dollar general. kellogg closing distribution centers, cutting jobs and they're going to try to reorganize. the market reacting to that not at all. dead flat, 71, up 4 cents. express clothing company, annual guidance bad. sliding sales, bad. down 21%. netflix has released season five of the popular series "house of cards" and they're spending $6 billion on original content just this calendar year. the stock has been at an all-time high. up a little bit more today. scott martin, would you buy it at $163? >> i would. and i know that jeff sica is
going to love that. you know, stuart, netflix is one of our new additions to the portfolio. you mentioned the creation of content, the spend in there as well as the reach. the leadership at netflix has talked about international growth more so europe and far east china. with netflix growing in the u.s. and overseas, the prospect for the company is looking good. i know they're getting big and valuable. i think that netflix is a takeov target later this year and we own it. stuart: and he likes it and ow it and you wouldn'touch it with a 10-foot pole? >> i was on the show when nobody wanted it and i said apple should buy it. netflix is a great company, the king of content and i think that reed hastings is an excellent, excellent ceo, they're doing a lot of things right, brilliant things, but you know what the valuations are up there, you've got to
wait. stuart: we had general motors stock on the left-hand side of your screen moments ago. the stock is down because general motors sales dropped 1.3%. i believe that's year over year, ford was up 2%. general motors down 1.3%. the stock, gm, it's back to 33. all right, the retail ice age. that's hour story. listen to this, credit suisse says, 20 to 25% of shopping malls will close in america in the next five years. that's extraordinary, jeff. >> it's extraordinary and you're going to see a lot of the shopping malls are going to look like big skate board parks because the reality is, this is going to continue. what we're looking at is what are they going to do with it all of this real estate. amazon is annihilating retailers and shopping malls are in trouble and will continue to be ine. i think the 25% projection is low. i think it's going to be worse. stuart: i've got to move on. priceline, look at it.
scott, you like priceline, the stock i believe. hotels don't because they take up-- priceline takes a piece of their action. >> yeah, priceline, a tremendous amount of web traffic, they own kayak and open table. they've got a lot bigger reach than people think. it's tough looking at priceline, $1800 range, you almost wish it would split to get a few more shares. the stock is getting up there and getting expensive for a reason, because of the reach and user growth. we like the stock and we own it. stuart: i remember when priceline was in the 50's. ashley: get in that time machine. stuart: and my kids were saying, come on, dad, buy it, buy it. no, it's had its run. [laughter] >> i could have been retired by now. i have to say thank you, scott martin, jeff sica, thank you for being with us, yes. appreciate it. the big board pretty much dead flat right at 21,000 for the dow. these three tech stocks, tesla,
>> a modest loss for the dow industrials. look at that, holding right at 21,000. all right, now, take a look at the share price of mylan labs. they make the epipen. the company may have overcharged to the tune of a billion dollars. nicole, the story please. nicole: the story just develops one day after another. yesterday we were focusing on
four major pension funds opposing reelection of some of those, including the chairman. today it's all about medicaid, 1.27 billion dollars more that medicaid paid for the epipen than they should have from the years 2006 through 2016. you have senator grassley moving forward on this one. the epipen two-pack around $609, an increase of 550%. that was whopping, it was mind-boggling and that's when mylan acquired this product in 2007. so now, grassley says he wants to get to the bottom of this. he says that taxpayers should know what happened. they deserve to know what happened. they should be repaid whatever it is they're owed and ultimately that mylan is not particularly participating either. back to you. stuart: we hear you, nicole. thank you very much indeed. look at these, three big names,
tesla, amazon, netflix. they will each drop 10% in one single stock market trading session. he's chuckling away on the side here. the man who is saying this, predicting this is none other than marc farber, the editor and public sure of the doom, gloom report. >> nice to see you. stuart: make your case. there are three tech stocks and you say each will go down 10% why? >> you said that we make 25 years ago. i experience and started to work in 1970, i experienced the '87 crash where not one or two stocks dropped 10% in a day, but the whole market dropped 21% in one day and other markets overseas didn't even open. they opened 50% lower. stock markets go up and up and up and when they go down they go down more rapidly than they
went up and when i started to work, we just take the '73, '74 market. the polaroids, kod achkodac ko had-- >> you're saying in the 1970's, the nifty fifty, they're the ones that utterly plunged. >> by the way-- >> why these stocks? >> last year which was one of the worst performing stocks? the darling, valeant went down more than 90% and-- >> it was special circumstances. >> oh, yes, there's always special circumstances. stuart: let's get it right. what were the three stocks, we had tesla and-- >> many more.
ashley: amazon and netflix. stuart: deal with amazon, why would amazon drop 10% in a single session? that he's about $100 a share drop. >> simply because the valuations are very high. it's very-- he cannot tell should amazon tell like 100 times earnings, 200 times or 20 times? that we don't know. that will depend on many factors in the world that are outside the influence of amazon's direct business. stuart: so marc farber says that these companies are overvalued. >> correct, correct. stuart: you also say that president trump is good for the markets. >> yes. stuart: and i'm not used to hearing that from you. make that case. >> well, before his election, i was interviewed by fox and actually i said trump would be better for the markets than hillary clinton because he's
more pro-business. as it turns out, i'm a little bit disappointed thats' an interventionist, and into many things and he tweets all day with his directive. he has great entertainment value. we love him overseas for the entertainment he provides foreign countries, but i wrote that he would be particularly great for american economies and for europe. stuart: okay. where do you live, by the way? >> i live in the north of thailand, in the golden triangle. stuart: you do? >> yes. ashley: you do. stuart: i was there in about 1970, whatever it was, i can't remember. >> i have an office in hong kong and i lived three years in hong kong. stuart: are you an american citizen? >> no, i'm a swiss citizen. stuart: so you're a swiss citizen, a european, live in northern thailand and you come over to new york city and you sit on my set and you undermine the amazons of the world, the
teslas of this world? >> i write about this all the time. stuart: i know you do. >> the point is between october '99 and march 2000, the nasdaq more than doubled. stuart: yes, it did. >> and i remember this very well because i was short. and i was taken to the cleaners. and the bubble, you just don't know where, is tesla fully valued today or twice the price? i think it will be a zero personally, but-- >> the nasdaq just hit another all-time high. >> yes, it continues to meet new highs and-- >> we do things fast in new york. farber, you're all right. thank you for joining us, good luck, sir. >> bye-bye. stuart: check the dow 30, a lot of green, plenty of green and the dow is up 14 points. next we're talking to a leader in the hispanic community.
and he says the issue that his community cares about is not immigration, no, it's economic prosperity and president trump is the man who can get us there, so he says. we'll be back. think again. this is the new new york. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships
to senior administration officials, that the embassy will stay in tel aviv and not move to jerusalem as was discussed. we understand that the president does not view this as a permanent thing. it's not a matter of when or-- it's a matter of when, not if this embassy moves to jerusalem. apparently not now. stuart: the president makes dramatic statements and pulls back. he's done it with nafta, pulls back. and maybe with the paris accord. ashley: maybe. stuart: and joining us is the president and ceo of the u.s. hispanic chamber of commerce. great to see you, sir, welcome to the program. >> how are you, stuart? thanks for having me. stuart: i know you used to be a hillary clinton supporter, but now you think that hispanics should get on board with trump because he's good for the economy. have i got that right? >> well, listen, i speak for hispanic small business in this country. we remain by what we're seeing.
as you've illustrated all morning, the markets are up, jobs are looking good. we continue to believe that we will see job growth through the remainder of 2017. there is a seeming inability to get anything done in washington, but we're encouraged by the economic agenda, the economic stewardship that's coming out of this administration. as we stand today, hispanic-owned businesses number some 4.2 million in this country, collectively contributing over668 billion dollars to the american economy. we are creating new businesses a rate of 3-1 when paired to the general mark. the market looks encouraging with what we're seeing. stuart: what is it that you most want from president trump's economic policy? is it a tax cut? >> you know, the two things that we're very encouraged about, one, open willingness to take on tax reform.
we haven't seen any meaningful tax reform since 1986. it's hard for us to compete against other countries, when their corporate tax rates are half what ours are. we are also very enthused by the administration's willingness to take on an overly burdensome regulatory commitment that has stymied business growth. it's important to remember that in america, it's small business that creates two-thirds out of all jobs and so we need an administration that believes in american small business. stuart: yes. >> that's helping us at every turn and we're very encouraged and we're encouraged by the team, with proven business leaders. stuart: i'm sorry i have to interrupt you, but i've got to leave you. you're talking like a republican. you come back and see us soon, thank you, sir. >> appreciate it very much. thank you. stuart: outrageous case of regulation gone wild. a california farmer hit with a $3 million fine. why was that?
stuart: 3:00 p.m. eastern time today, we will take you to the rose guarden at the white house where president trump will announce his decision on the paris climate accord, in or out. odds are we're leaving. now any hint of withdrawal creates uproar. environmental system like a religion. any retreat it like blasphemy my. the greens lined up with denunciations. they predicting catastrophe. nancy pelosi says it's a grave threat to our planet's future. whoopi goldberg says the president is endangering the world. the sierra club chief says our grandchildren will look back with stunned disney. some business leaders making their opposition to withdrawal very well-known.
elon musk, we i will have to leave the president's scientific advisory council. apple's tim cook reportedly urged the president to don't leave. withdrawal is being presented as environmental disaster and a missed business opportunity. step back a little. president obama was not a strong negotiator. the iran nuke deal showed he would cave to anything. the paris accord is somewhat similar. the obama team virtually gave everything away, our money and jobs and received vague promises of good behavior. in my opinion is was a lousy deal. maybe our president will do the same as he did with nafta, threaten to withdraw, then negotiate a better deal. he can do that with climate. the agreement is voluntary. he can walk away from any part of it with the stroke of his pen. that would show our president has learned a lot about politics. he did after all write the book,
"the art of the deal." the second hour of "varney & company" is about to begin. ♪ ♪ stuart: i think you heard it clearly. the name of the song is hysteria. the ban is def leppard. a:town insider will explain hillary clinton's hysterical comments. she is blaming her loss on anything anyone but herself. about your money, check it out, please. the dow jones average is up 13 points. nasdaq, technology companies
arep, 6214. some auto companies reporting sales this morning. ford sales up 2%. a nice gain. general motors sales were down 1.3% compared to last year. the stock at 34. fiat chrysler just out, sales down compared to may last year. the stock is flat at 10 bucks a share. tesla hit another record high earlier today. they are at 344 as of now. mcdonald's just hit another record high, 151 as of now. look at big-name technology companies. all of them sitting at or near record highs. facebook and microsoft in retreat but amazon, alphabet, apple, powering a little higher. nothing to do with the stock market. we have the latest read on mortgage rates, ash. ashley: we do. freddie mac 30-year fixed-rate coming in at 3.94%. down just ahead, a tick from last week.
under that magic 4% number. so low. stuart: low, historically low. both you and i paid double digits on a mortgage interest. ashley: 18%. 1982. stuart: i paid 12 1/2% in -- ashley: 21% in 1982. twenty 1%. we're at 3.94. it is insane. stuart: it is low. i want to get back to the editorial at the top of the hour. we call it my take. president trump's upcoming announcement on the paris climate agreement. come in art laffer, former reagan economist. would it be good for the american economy if we move out of paris climate accord? >> i'm not sure whether it could be gd or not. the pariacrd shod have gone through the senate around pass the senate by a vote. it didn't do that he chose to use executive order which is
incorrect way to do it. if i were donald trump have my experts pull out or decide to stay based upon their analysis. there is no reason why we should be there. stuart: art, you are hedging. that is not like you. >> let me not hedge. i think we should do just what you said in the opening statement there. use this as bully pulpit to get them to negotiate things away we think are really bad for the economy which i do agree with. if not, just pull out. stuart: now, a lot of people in business are saying we should stay in because if we stay in we'll do something about carbon emissions. that means a lot more green energy. that means a lot more green energy jobs. what do you say to that? >> that is probably true, but it will still cost the economy jobs. we don't want to have green energy jobs at expense of all other jobs. green energy is not as efficient, not as good, not as accomplished with fossil fuels. so we should continue using fossil fuels.
anything that not using market forces gets us off fossil fuels will hurt the economy. unless of course we use a tax on carbon. if we did that and then we used those proceeds, static proceeds to get rid of corporate tax or get rid of highest income tax rates, then i think we could be off to the races spectacularly but that is not in the paris accord. that is not the way being done. if i were a trump, yes or no, i would pull out. stuart: hold on a second. i have only got 20 seconds left. you could favor some sort of consumption tax. >> carbon. stuart: could be a gasoline tax, carbon tax, consumption tax that would fund tax cuts on income and corporate income? you would do that? >> yes. totally, when you look at the biggest damage done by taxes, marginal tax rates and corporate tax. i would support a shift one for one a carbon tax offset by a personal income tax corporate tax cut and every day on the
week and twice on sunday. that is pro-growth policies. they could bring the other guys in on board. they think they got something. i don't think they do. if they think they have something, love to have them vote for corporate tax cuts. stuart: you are having far too much fun. >> i am having fun and we're going to win on it stuart. stuart: i want to win big this year, art. >> i think we will. i'm working as hard, i want them to keep focus narrowly on the corporate tax rate. i don't want other tax, border tax adjustment which is huey. can cut the corporate tax from 35 to 15%. nothing else. just that's it. let's to to the races. stuart: trimming your sails there, art laffer. we're out of time. you can't reply to that. thank you from ten see. hillary clinton continues to make excuses for her election loss. listen to what she's now saying. >> my email account was turned into, you know the biggest
scandal since lord knows when. this is the biggest nothing burger ever. i didn't break any rule. nobody said don't do this i was very responsible and not at all careless. at some point, it sort of bleeds over into misogyny. the russians in my opinion, based on intel and counterintel people i've talked to, could not have known how best to withize that information unless they had been guided. here is -- >> guided by americans? >> guided by americans. stuart: let's bring in fox news contributor and "washington times" columnist charles hurt. now, we had a lot of reaction to what hillary clinton had to say. mr. trump is blaming everybody but herself. stop laughing. my question to you, charles is, on basis of that interview and her approach to that loss, do you think she is running again? >> i don't know if she is running again but trying to rewrite history, to explain away
a disasterous loss she and everybody in her party still -- they have no concept of how they possibly could have lost the election and, lord forbid it had anything to do with issues or character or anything like that. you know, she is so hopelessly dishonest. she talks about nobody told me not to do this, nobody told me not to put a server, email server containing classified information in her bathtub. that is probably true. that is clintonian lie. that is probably true but she should have still known. nobody ever told bill clinton not to molest an intern in the oval office but he still should have known that is illegal, and what she did was illegal. for her to sit back now and say it is a nothing burger, shows how delusional she is and unwilling she, i think anyone else in her party really is willing to actually look at themselves and look what they're doing to correct it. stuart: all right. answer me this one, former
vice president joe biden is creating -- see if you can answer this is creating a new political action committee, a pac, super-pac. i say it is democrat old guard still hanging on but i ask you, charles, why do you think he is doing this? >> i think same thing that as with hillary and what she is talking about. they're delusional. they have no concept what is going on. you know, as much ainge are as there is on the left right now and among democrats about up donald trump and how they're unified in hatred for him, but if the best they have to offer is joe biden or hillary clinton, then they are in deep trouble, and if that is the best they have i can predict to you donald trump will definitely win re-election, no problem. stuart: i got 20 seconds left, can you name another democrat, up-and-comer, younger person who may lead the party in the future, can you name one? >> i can not think of a single
person. there are young people out there but they have proved to have absolutely no traction. they still have nancy pelosi as the house leader. it is insane! stuart: up and comers are on the left, way out on the left. they're not in the middle of the party. >> peddling very policies given to them by barack obama that has cost them 1000 seats across the country. stuart: charles hurt, we have to cut the fun short i know you're enjoying this. >> always. stuart: see you again very soon. thanks, charles. all right, here's what's next, the farmer, the man himself who was fined $2.8 million by the federal government because he plowed his own field. he will tell you why he was fined. that is coming up. the dash-cam from tiger woods' dui arrest is released. he appears clearly impaired and wobbling as police question. more from this. >> recite the entire english
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stuart: all right. we're on the upside, not that much but we'll take it, 31 points higher, 21,039. by the way the nasdaq composite index, home of lots of technology companies, just hit another all-time high. remember it has been up seven months in a row. that's the nasdaq. police in florida have released dash-cam video from tiger woods' dui arrest. once we look at it -- ashley: look at video. speaks for itself. it is kind of sad. officers come across the car. he has been taken out of the car. he has been told to walk along a street white line putting heel to toe. he obviously struggles with. he basically struggles with you will at things officers were asked to him to do.
follow a red light with his eyes not moving his head. he couldn't do that. before we went to the break, he was asked to recite the alphabet. he really couldn't do that at all. bottom line he struggled to follow all the instructions. 24 minutes into his video he bottom his hands behin and put him in handcuffs. they take him off and take him off to jail. they say have you been drinking? he said no. have you taken any medications? yes i have. he was unclear where he was. he thought he was in california. stuart: that man was greatest golfer in the world for a generation, bar none. now reduces to wobbling by opioids. it is very sad thing. ashley: yeah. stuart: now next guest, something special for you, from california. he is a california farmer. he was fined i think $2.8 million by state and federal regulators. why? he farmed his own land. there has to be more to it than
that. john duarte joins us now. john, $2.8 million fine for farming your own land. come on, what happened? what's the reason? >> well the reason, it was in retaliation because i got sent a cease and desist notice by the army corps of engineers in 2012 because they falsely believed i was tilling land 36 inches deep. at this point their own experts reported back to them that it was 4 to 7-inches deep as we contend the at very beginning. because we worked with the pacific legal foundation in california, filed a due process, civil rights suit against the government for sending me a cease and desist notice without any form of hearing, without getting facts right to begin with, they retaliated with $2.8 million lawsuit against me. but that sus jet beginning stuart. in addition to the $2.8 million in fines, they want me to transfer 20 to 30 million more
dollars i don't have to private wetland mitigation banks. they want -- stuart: did you fall -- look, i'm a landowner and i'm very well aware of wetlands restrictions on land use, if you have water standing on your land. did you run afoul originally, way back when of the wetland rules? did you? >> no, i did not. stuart: okay. what is this about you tilled land to depth of 36 inches. you say you didn't. only four or five inches. is there a regulation, that you can't plow to a depth of three feet, can't do that? >> no. they're prosecuting under me of authority of clean water act. the clean water act, subsequent policy since then has been very clear that plowing is an exempt activity under the clean water act. there is no jurisdiction of the clean water act of over normal farming practices or plowing. what they're contending at this point is that my four to seven
inch plowing, same type of plowing we growers use all over america every day, either required a permit that has never been issued for a wheat grower before, or, that i should have conducted practices farming around the pools, mine or little low spots and dark spots in the grass. stuart: but you believe that they're trying to get you? you think they're out to get you because you have a relationship with the pacific legal foundation, that's it? >> we filed a lawsuit to assert that we have a fifth amendment due process right to be heard and to be able to show our facts before we're given a cease and desist notice from the army corps of engineers. subsequent to that not being dismissed in several courts several time on their petition, they filed a retaliatory destruction of wetland lawsuit against me. the federal attorney literally told my tractor operator that we hired to do the tillage, he asked the federal attorney why are you guys suing authorities anyway.
the federal attorney told the operator, well they're suing us, so we're suing them back. stuart: john -- >> that is on the record. that is in deposition. stuart: thank you very much indeed coming on the show. we want to follow up in the future. how is this case going to transpire. what is going to happen. we want to you come back and tell us all about it. john? we appreciate you being with us today. john duarte, thank you, sir. >> thank you, stuart. good to be here. ashley: makes you mad. stuart: just does. something else to make you mad? comedienne kathy griffin fired from her cnn job, that outrage just photo, here is the question. why did it take cnn so long, 24 hours to act on it. why? another bright spot for the economy. boat sales up since the election and up big. we'll take to you lake michigan to show you what you are buying. think again.
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stuart: countless stocks hit record highs today, the month before, another one mcdonald's hit a record high. actually it reached 151. look at this. this is industrial company. this is not a technology company. no, this is goodyear tire and rubber, leading s&p 500. it got an upgrade from morgan stanley. it is an industrial company and it is up 5%. we do have a positive economic signal. it is from the boating industry. sales are at the best levels in a decade. jeff flock is out there on lake michigan. jeff, we're dropping big money on boats? want to tell me all about it? reporter: well this positive economic environment that we are
in, stuart, is a rising tide literally lifting all boats including the one i'm standing on right now. this is a sea ray. this is one of their top of the line yachts. it is a 350 slx. this goes, i know your first question how much does this doggone thing cost. this is $354,000 worth out here. i'll tell you, it is big news for the brunswick company and all the other boat stocks. if you look at since the trump election, the stocks of boating companies have just been going crazy. if you look at companies like malibu boats, for example, marine products, as well as brunswick, which is the maker of the boat that i'm on right now, sea ray, the stocks have all done really well. you know this is just not the folks with like you with a whole lot of money. this is people also that, if you look at the demographics of boating right now, these are people that are not like
100,000-dollar a year income folks. it is about 72% of the folks that buy boats these days, less than $100,000 a year. so truly, a rising tide that lifts all boats and boy, i wish you were here, mr. van i n you would be having a great day. stuart: i would, you're right, flock. but i get seasick. he will be out there all day. once you get him out there you won't get him back. check the big board, we're up 20 odd points. that's where we are. now, hillary clinton blaming everything from trump, the russians, facebook, fake news, blaming everything for her election loss except of course herself. we have a former clinton insider coming up on that story. also president trump makes his climate announcement today, 3:00 p.m. eastern, watch it live here fox business. more "varney" after this.
>> there was no law against it, no rule, nothing of that sort. so i didn't break any rule. nobody said don't do this i was very responsible and not at all careless. >> we did not find clear evidence that secretary clinton or her colleagues intended to violate laws governor earning classified information. there is evidence that they were extremely careless of their handling of very sensitive, highly classified information. stuart: okay, you didn't hear it there, but hillary clinton did say yesterday in that interview that the email scandal was a big nothing burger. she went on to blame virtually everybody except herself for her election loss. former clinton pollster doug schoen is here. doug you know, you knew, certainly past tense, you knew hillary clinton very well.
>> i did and i didn't. stuart: you did and you do. is she running again. >> oh, yeah. stuart: you think she is. >> even only in her own mind, stuart, she is running. i was at and he event with her and bill clinton last week and she made it very clear she is back in the game and this speech at wellesley where she said she is joining up with the resistance, you're exactly right. she is blaming everybody. start tells me she doesn't blame herself. she is not introspective at all. stuart: but you are running again you wouldn't blame yourself, would you? you wouldn't say i was really at fault, i didn't have a message. i didn't have a campaign theme. i didn't reach out to voters properly. i didn't go to wisconsin and lay out negatives and run again. >> you can say you made mistakes. that is one of the cost to being a successful leader, understand, communicate what your failings have been. she blames everybody else. stuart: can you name a younger
democrat, a up an comer who may -- >> under 70? stuart: yeah, come on. >> elizabeth warren. she is 69. stuart: under 60 who could lead the party to an election win. name one? >> i am as struck for names as your prior guests are. stuart: do you really think that elizabeth warren could lead democrats to election victory. >> she could be nominate, whether she could be elected would turn on circumstances well beyond our comprehension now. stuart: you know her personally. you know hillary clinton. >> i know elizabeth warren, i know hillary clinton. stuart: let's talk about hillary clinton. >> sure. stuart: is she distraught at her election loss? i would be. if i had spent my life chasing that one goal and at the last minute i lost, i would be distraught. >> she was in the beginning. what i saw last week, when i was up close and personal with her was a woman who has come to blame everybody else, the russians, comey, everybody else,
except herself. so that allows her to go forward. it's a narrative that works for her. stuart: may i ask, what was her reaction when you met her, you have not been a hillary support are on this program. >> chilly, chilly. i will say bill clinton gave me a warm greeting and a hug. read into that what you will. stuart: next topic. >> sure. stuart: came across the wires just a short time ago. >> i saw. stuart: president trump will keep america's embassy in israel, in tel aviv for now. it was not an immediate shift to jerusalem. what do you make of that? >> well, i assume, based on his conversations with egyptian president el-sisi and the crown prince in saudi arabia, they said look, if you move the embassy, it will be another intifada, we won't get peace, for geopolitical reasons, don't move embassy now. that is the logic. sadly for me as somebody who took donald trump seriously at
his promise he would move the embassy, i think if we moved it would say to the arabs, just stop thinking that jerusalem is anything other than the eternal indivisible capital of israel. stuart: it shows president trump of making a very strong statement up front, then rethinking it, renegotiating. >> that's true. stuart: that is what he did with nafta after all. >> right. stuart: i think that is what he might do with the paris climate accord. >> i bet he pulls out though. stuart: you do. stuart: 3:00 eastern we'll find out this afternoon. >> we will. stuart: doug, thank you very much for joining us. >> good having me. stuart: check out the big board, up 21 points. that is still at 21,000 for the dow industrials. now this, president trump wants health care and tax reform done, do it quick but the gop is divided. joining us now gop congressman chris collins has been with us from the beginning of the trump
campaign. in fact you were the first to go out there and support donald trump way back when, were you then? >> like a lifetime ago, stuart. stuart: doesn't it just. now i got a problem here with the republican party. they are divided. they're not acting like a party that governs. i want you to, i'm telling you, if they don't get done tax reform, at the very least, tax reform this year, i think the gop is toast next year. you agree with that? >> well, if we go into our midterms and we don't get health care done, i think we're about 50/50. i'm not giving up on health care. but it will be a heavy lift to get compromise out of the senate to get freedom caucus on board. if we don't get, no tax reform, it will be difficult midterm, we'll keep the house and senate. my bet, stuart, is, we have a better chance of doing bipartisan tax reform. forget about judge jet
reconciliation. i don't kn we get a 2018 budgeto it anyway. if we can democrats agree, corporate taxes at 35 are way too high, subchapter-s at 39.6 are way too high, i think there is an opening but, senator schumer doesn't want to give us a single win. will he, will democrats cooperate for what is good for america, getting a bipartisan tax bill through? but that gives us a win. i'm not so sure that senator schumer wants to have any wins on trump's board. stuart: i get your point. you have come a long way. way back when, just, right before the election and right after the election. you were gung-ho. we were going to get a great big whopping tax cut that would get america moving. >> it will get america moving. stuart: but you come a long way, now you admit you have to have democrat help to get through the senate? >> i saw what happened on health care, stuart. it was not a pretty picture,
stuart. the freedom caucus locked arms, forced us into difficult situation with potential waivers of essential health benefits that will never come back from the senate. heaven knows comes from there but when i saw -- stuart: i will ininterrupt for a second here. >> yeah. stuart: does the bulk of republican party, do they understand that if you don't get stuff done this year, you are toast? the party is toast next year? is there an understanding of that? >> well i don't think we're toast but it will be a difficult year. stuart, the irony here is, the answer is yes but we have factions like the freedom caucus say, here is our definition of perfect. we don't compromise. it is our way for the highway. there is 36 of them. they lock arms. that was the problem on health care. let's face it, new york, new jersey, pennsylvania republican, with a high property taxes and high income taxes is not louisiana, mississippi,
florida and texas. so you have got just some fundamental state issues, all politics is local. that is why i think being a pragmatist, still an optimist we'll need democrat health on tax reform. actually that would be good for the nation. stuart: yes, it would. >> if we get bipartisan tax bill through. that is really what is best for the nation. having seen what i did on health care, i think it is going to be difficult, maybe not impossible but difficult to do tax reform on our own. stuart: chris collins, seems indeed like a lifetime ago that you went for trump. you have come a long way since then. congressman chris collins, republican new york. thanks for joining us. >> good to be with you. stuart: now this. wisconsin moving ahead with a law to fight student demonstrators. ash. ashley: they say if you try to shout down someone trying to have their voice heard you could be suspended or even, felled from university. they say it is an effort to designed to safeguard democracy.
back in november, uw-madison shouting down "breitbart" editor, conservative columnist ben shapiro. republicans say that is not right. we have to defend democracy, to take these steps. however you can imagine democrats crying foul. this will chill free speech on campus and infringe on regents authority to give their rulings. okay, who is infringing on free speech here? hypocrisy is ludicrous, let's be honest. stuart: about time we fought back. thanks, ash. ashley: yep. stuart: look a the couple stocks for you. netflix is spending $6 billion on original content this year. that is a lot of money. earlier they were at record lies. we have one of the stars of "house of cards," robin wright, she is not getting equal pay.
you don't cross claire underwood and you certainly don't cross robin wright. she said she should get as much as kevin spacey. she found out he is earning a lot more. she complained. spacey was getting 500,000 an episode. she was getting 420,000 an episode. however the company that is behind house of cards, say it is not possible for them to get the same amount of money because spacey is one of the founding producers of the show. i'm not getting same money. i'm getting duped. it is a male-dominant workforce. that is the story. stuart: we hear it. looking at next flicks. thank you, ash. kathy griffin was cut by cnn because of that disturbing, i would say horrific photo where she is holding a severed head of the president. why did it take cnn so long to fire her? we're going to discuss that.
♪ ashley: mark talk per, author of the boom gloom and doom report, says president trump is good for the markets. roll tape. >> i said trump would be better for the markets than hillary clinton, because he is more pro-business. as it turns out i'm a little bit disappointed that he is a an interventionist. he into many things, he tweets all day with his directives. he has great entertainment value. we love him overseas for the entertainment he provides foreign countries but i wrote that he would be particularly
♪ ♪ welcome to holiday inn! ♪ ♪ thank you! ♪ ♪ wait, i have something for you! ♪ ♪ making every stay a special stay. holiday inn, smiles ahead. whether for big meetings or little getaways, member always save more at holidayinn.com stuart: we're bringing you stocks all day long which earlier or now hit all-time highs. tesla is one of them. earlier hit a record high but look at it, $339 a share, that's tesla, record high.
more fallout from kathy griffin following that president trump photo shoot. cnn fired here. at least one sponsor cut ties with her. fox news contributor mercedes schlapp joins us now. first of all i think what she did had to have been premeditated. this wasn't spur of the moment, let's do, she thought of that? >> definitely there was not put into this. she works closely with tyler shields, he is the photographer known as the bad boy of photography. shields is standing by the photo. basically saying if you make art, you have got to stand by it just absolutely appalling. think about those victims, those families who have had, family members be beheaded by isis or terrorist groups. the fact that that is even part of our popular culture in this discussion, in this particular isis photo that kathy griffin took, that is something disgraceful.
stuart: i think it exposed the contempt which so many people on the left feel for president trump. frankly, the hatred. i think hatred underlies that. >> right. i think what i'm sensing there is sense of, donald trump is politically incorrect. we've moved along, you know, talking about variety of different topics. he would call hillary "crooked hillary" but there is a line. i think it was very clear that kathy griffin obviously crossed that line. when you you have donald trump, jr., and chelsea clinton on the same page basically saying it is vial, it is disgusting. we should never do this to our commander-in-chief, anyone else for that matter, there is very bipartisan consensus fact that what kathy griffin has done is wrong. stuart: i don't want to prolong this, but i can't understand why cnn would take 24 hours to make the move. >> cnn i think was waiting to the reaction to be, such a shock for all of us -- stuart: she does new year's eve
thing with anderson cooper in times square. >> i think they give comedians a little bit of leeway. whoopi goldberg at woman's march, wore a t-shirt of image of donald trump, gunshot to his head and his brains were being blown out. this is very clear this is going on for a long time. the problem becomes are we a society lack civility around respect for president of the united states. yes there is freedom of speech. stuart: good point. >> but, varney, at the same time do you get to a point we can't get past that and really have a civil discussion on issues that really matter? stuart: the tone of public discourse has gone down and down and down. look, president trump -- >> there are republicans -- stuart: democrats are responsible. president trump is partly responsible for this, some of the insults he was chucking around during the campaign were outrageous. >> you're right, they were not helpful. they were part of the entertainment value, little marco, "crooked hillary," lying ted, it changed what we knew
traditional politics. did he take it to far? yes. there is a line. did kathy griffin take it too far? absolutely. talking about beheading of the president of the united states and something our enemies of the state to muslims and christians across the glob, that is where it goes too far. stuart: schlapp, you called me varney. >> webster is here too. ashley: thank you, schlapp. stuart: thank you, mercedes. now this, new numbers show how much federal taxes have risen in america since president john f. kennedy was in office. webster. ashley: thank you, varney. 1961, very first year that mr. kennedy was elected, federal government taxes per person worked out right around, what do we have here? stuart: 4,000. ashley: $514. in today's money, 4121. what are we at today?
10,000 per person. stuart: that is all adjusted for inflation? ashley: actually, 500 was average back in 1961. today's dollars -- stuart: apples to apples. ashley: correct. that is more than double the amount of taxes collects in 1961. stuart: by the way, schlapp, your husband is on the fox news channel. >> i'm so distracted. i can see my sweet husband on fox news. i don't know if he will get rid of the goatee. stuart: you want him to get rid of it? >> there is twitter handle called schlapp's goatee. stuart: i don't want discussion of goatees. 5500, not residents illegal immigrants, not entitled to vote, reg to vote in one part of virginia. a third of them did vote. you get my take on that at top of the hour. what a story. ♪ think again.
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this includes deals like the one-sided paris climate accord. [booing] where the united states pays billions of dollars while china, russia, and india have contributed and will contribute nothing. stuart: you heard it. that was president trump. that was in april of this year on the paris climate deal. he clearly doesn't like it. he doesn't, he, 3:00 p.m. eastern today we'll find out whether or not we're pulling out of the paris accord. well a lot of you wrote in about that subject. first of all, this came in from karen. the taxpayers can't afford it. if europe wants it, they can pay for it the okay. john says, it is horrible agreement for the u.s. if every country had the same schedule to comply it would be fair and balanced but it is not. there is a lot of responses, precisely like that one came into our program. ash, that reflects the common view.
ashley: it does. president trump on the campaign trail put it very clearly. look, this is bad deal. it will cost us a ton of money. i find it rich the chinese are jumping on board saying we should all of this together when they smoke-spewing factories rate of one a week or something ridiculous. hypocrisy is ridiculous. if the europeans want money, use money they're not paying us for nato. stuart: i will see if we withdraw away completely or do partial withdrawal? say we'll not provide any part of this 100 billion. ashley: or lower the expectations or perhaps find some common ground. but i don't know, i feel like donald trump is the kind of guy that is either in or out. i think he could indeed say, see ya later. stuart: there will be degree of retreat. we'll find out for thursday 3:00 p.m. eastern time this afternoon. you will see it on the fox business network. we'll be back.
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she had a huge advantage but would not, and will not admit it. john fund of the "national review" revealed this. in the small part of virginia, 5500 noncitizen immigrants were registered to vote. one-third of them did vote. that is illegal. green card holders cannot vote, but some of them did. you think they voted for trump? that's a stretch. hillary got help, illegal help, but wait, there's more. the obama administration had a list of all the green card
holders in the country, that list could have been compared to voter registration lists. so potential illegal voters could be purged. the obama team would not allow it. in virginia. democrat governor and hillary friend terry mcauliffe vetoed a bill but would have knocked green card holders off the list of voters. as we now know, some of them took advantage of that and voted illegally. it is not a stretch to believe it happened elsewhere. meanwhile, throughout the campaign, we were constantly told there is no evidence of illegal voting, demands for voter i.d. rules were racist and republicans were engaged in voter suppression. nonsense! the voters knowingly engaged in voter fraud. the third hour of "varney &
co." is about to begin. >> if i put myself in the position of running a platform like facebook, first of all, they've got to get back to trying to curate it more effectively. i never said i was a perfect candidate and never said i ran perfect campaigns. i don't know who is or did. and at some point it sort of bleeds over into misogyny, who were they coordinating with or colluding with? there's all these stories about guys in macedonia who are running these fake news sites. stuart: it was a long list of all the reasons hillary clinton lost the election. all right, the other side of the coin is this, listen to what john fund at the "national review" told us yesterday, roll tape. >> the last five years, 5500 people who had registered to vote and were noncitizens had to be removed from the rolls. now, of course, the government officials kept this quiet.
how much of an outreach has there been about hillary clinton's statement she lost because of voter suppression, crickets, crickets. stuart: more on the voter suppression, that's what hillary clinton said. judge napolitano is he. let's deal with that first all, hillary clinton says the republicans engaged in voter suppression, okay. deal with it. >> i would stop you after you said hillary clinton says, is that which follows supposed to be rational or that which follows supposed to blame defeat on everybody except herself. arguably she is saying voters' names were removed from the rolls and not permitted to vote. she uses wisconsin as an example and that those voters were more likely not to vote for her, even if what she says is demonstrable, some of the most clinton friendly federal judges in the nation who likely would have stopped the vote counting until an emergency investigation of this could be had.
she might answer that by saying we didn't know about the suppression until well after donald trump proclaimed the victor. it was her duty to know about it while it was happening. stuart: on the other side of the coin, hard evidence from virginia, a small part of them. >> the virginia case is reprehensible that terry mcauliffe would veto a bill to strike the names of those unqualified to vote from the voter lists, and that nobody did anything about it. the republicans in the virginia legislature should have gone a federal judge, and again, i sound like a crazy activist, the judges going to judges going to judges, the federal courts exist to correct errors in the state government that violate the constitution. suld have gotten an order, removing those names in the rolls, there is no exception to the following, green card holders are not lawfully permitted to vote in america. there is no exception to that. stuart: precisely right. the president's got a
commission to look into voter fraud, i think it will uncover a significant degree of voter fraud because of the voting of illegal voting by green card holders, that's what i think. >> very interesting if they uncover the three million votes cheating that occurred in california that the president has alleged. look, big picture. there is fraud, they do have to uncover it, it's not the reason she lost and she knows it. she lost because who she sees in the mirror. stuart: okay, a subject you dealt with in our 9:00 hour is this. the nsa as we know and as you said, they collect information on our texts, our private phone calls, e-mails. they lot the loss on all of us. the allegation is that that information was disseminated to a broader audience and that -- >> made available. stuart: made available to a broader audience that included susan rice, national security adviser, and she asked for the names of those people in that
intelligence, and then used those names of that information against the trump campaign. is that accurate? >> yes, that is accurate, and that's what the house intelligence committee seeks to demonstrate beuse i believe that chairman nunez has seen evidence of this whichame to him in a secret way, he couldn't reveal it himself. he revealed it to the president who is victimized by this and now wants to expose it in a lawful way where it can be exposed before the house intelligence committee. they have subpoenaed the people who they believe did the masking. susan rice. john brennan, samantha powers, somebody we didn't expect was going to be in there. she was the u.n. ambassador. they've also subpoenaed the people who were the custodians of the records that were unmasked. fbi, nsa, cia. stuart: can we say the obama team spied on the trump campaign? >> we can say it with absolute certainty. stuart: good lord. so the president was right in that tweet saturday morning? >> yes, yes. stuart: judge, thank you very much indeed, sir, appreciate it.
>> you have a great man to your left there. i know ashley's a great man. stuart: can i introduce him myself? [laughter] >> okay. thanks, judge! [laughter]. stuart: the market shows a 22-point gain for the dow industrials. now this. lot of debate recently about tax cuts and whether they produce economic growth. so let's look at the reagan tax cuts and their effect. in january, 1983, tax rates dropped. that was the moment the economy got a shot in the arm. fast-forward to january 1989 when ronald reag left the white house. in those six years, the economy grew at an annual rate of 4.8%. that is fact and that is stunning. joining me now is the aforementioned great man, david stockman, former reagan director and author of the book "trumped." there is disagreement about growth rates about tax cuts, you're not going to disagree
with that, are you? 4.8% between january of 83 and january of 89. every year? >> that selective data, we had deep recession in 81 and 82. the fed had to slam on the brakes because the double digit inflation from jimmy carter. the economy then did bound back when volcker got the inflation job done, took his foot off the brake. allowed the financial system to start expanding and the tax cuts helped. beyond that, they were funded with massive deficits. we added 1.8 trillion. between the monetary ease, the massive deficits, you got that growth, but you can't ignore the reason for it. stuart: all right, all right, are you still going to tell us that if we get massive tax cuts from donald trump, president donald trump, we still won't get 4, 4.5% growth? >> absolutely not.
not a snowball's chance because it didn't happen then! i'm telling you guys over and over, if you take 1981 to 89 as a whole, growth was 3.4%, pretty good. that's the same growth rate we had from 1953 to 1980. no change. what we have now is an economy that is so impaired with debt. 64 trillion, not one or two. a government that is so buried in deficits and debt, that it couldn't do the kind of massive deficit finance tax cuts that accidentally happen under ronald reagan. he wanted a balanced budget. he was an anti-casian. stuart: he cut spending. >> he tripled the debt by accident. stuart: the democrats in congress who would not balance the budget. >> i would say as budget director, i have more credibility on that than anyone else, and i can tell you the
republicans wouldn't cut it either. we needed to reform social security, wouldn't touch. needed to reform medicare, wouldn't touch. needed to reform farm subsidies, they wanted to keep it going. we needed to get community development and national endowment for the arts, all the things that donald trump wants to cut today, i left in the vault at omb as failed cuts from 1981 because republicans wouldn't cut them. stuart: we hear your case, i stated mine, you stated yours. i still want a tax cut, stockman, you're out of here. [ laughter ] >> david, thank you for joining us. we appreciate it. we want expertise on this and you got it and we appreciate it. thank you, david. what do we got coming up? comedian dennis miller, first appearance on "varney & co.". do not miss this, he's a star. and president trump is going to announce whether he'll stay or leave the paris climate deal. that will occur at 3:00 p.m. eastern today. we'll take you there. and who's next?
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. stuart: take a hit in next week's general election. there's a study in the britain and it shows the conservatives could lose maybe 20 of their seats that would wipe out the majority. another poll shows theresa may only three points ahead and the most popular song in britain right now is called liar, liar, it's about theresa may. joining us is nigel farage, the former independence party leader, he's laughing. but i'm not laughing, nigel. that's my old country. am i to believe that voters in britain are going away from
theresa may and toward that socialist jeremy corbyn? >> look, when theresa may took on my agenda, lock, stock and barrel, talked about brexit and talked about delivering it, she was over 20 points in the lead, and then she got tied into domestic politics and what the public saw was somebody who is shall i say somewhat cold, somebody who u-turns on domestic policies recently, and she began to look very weak. look, of course you're right, i personally think the idea of jeremy corbyn g backed out by the scottish national party and brexit not happening would be a disaster, but what may has shown is that she actually doesn't connect with ordinary voters very well. stuart: call it right now. there's only a week away from the general election. >> she'll win. stuart: she will win? >> she'll win, probably will not be a huge majority, but
she'll win and i would say she'll get a reasonably comfortable working majority. her weakness as a leader, lack of sincerity when it comes to policy and maintaining positions does suggest to me that must though may she win, there could be a battle for the leadership of the party that starts quickly after this election. stuart: fascinating, i have to ask you about the paris climate accord. the green movement is extremely strong in europe. we'll have an announcement at 3:00 p.m. eastern time should we stay or leave. you're a european, you are all over the green movement. >> no, i'm not european, i'm english. don't make that mistake. please. [laughter] >> look, here's the fundamental point. donald trump was elected saying he would not go along with the paris accord. whether it is right to go along
with it or wrong to go along with it is seconry to a ch more important point, and it's called democracy. the reason we fight elections and vote for new leaders is so they can put policy platforms into place. idea that just because obama signs america up to paris that no subsequent elected president could change their mind on that would mean we may as well counsel having elections completely. i don't know, but i'd be very surprised if donald trump, 3:00 p.m. this afternoon, eastern time, did not stay i'm sticking to my commitments, we'll not be a part of it. stuart: we shall see at 3:00 p.m. eastern. i've got one more for you, nigel. you are, quote, a person of interest in the fbi's investigation into president trump and russia. i know you're laughing. what's your response to this? >> well, i am laughing. look, let's just face up to one simple fact, the liberal elite
could not cope with brexit, beside themselves with the election of donald trump. they can't blame themselves. we've seen that with hillary, haven't we overnight, lashing out at everybody, and because they can't accept the revolution that happened in politics in 2016, they have to find a conspiracy theory that fits and it must be for the russians have set the whole thing up, so suddenly i am at the center of an international ired web, as if i'm somehow between putin, trump and julian asnge, and i can telyou, the whole thing, if ever i've seen an example of fake news, it's this. it is total hysterical rubbish. i've never even been to russia. i've had no business dealings in russia. i have nothing to do with russia. whatsoever. this is the liberal elite who are bad losers trying to find a way out. >> i think that's the last word, nigel, we got that. >> was that clear enough for you. stuart: absolutely clear, yes.
no doubt whatsoever farage. thank you, we'll see you soon. don't miss this, dennis miller, he's coming up shortly. plus kathy griffin taking heat for the outrageous photo, losing her cnn new year's gig and her sponsor. by the way that sponsor is squaty potty. the ceo is on the show shortly. and look, the dashcam footage of tiger woods arrest has been released, struggling to pass a sobriety test, we'll show you the footage regrettably. the infamous mr. met fired for giving a finger to a fan but he's in costume. the costume only has four fingers. how do you get the middle finger in four? we cover it all in this program, baby, let me tell you. think again.
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meaning you're not going to sing it. okay? do you understand the instructions? what were the instructions? >> not to sing the national anthem backwards. stuart: police in florida, jupir, released the dashcam video, he said he wasn't drinking, he blames odd behavior to bad reaction to prescription drugs, that includes vicodin, that is an opioid pain pill. hilton bringing the hotel gym into hotel room. guests can pay an extra 45 bucks a night to five feet to fitness room, it includes stationary bike, yoga mat, weights and a touch screen that plays workout videos. the offer is only open to hilton hotel in tyson's corner california, san francisco, they'll expand it. nutella lovers, listen up, the first nutella cafe opened.
this is the only cafe that will open year around. nutella. look at this, that's mr. met, the new york mets mascot. he gave a fan the finger. the team wasn't doing well against the brewers, fans taking it out on the mascot. he lost his cool, when the game ended 7-1. the employee wearing the costume has been fired. microsoft co-founder paul allen unveiled the largest aircraft. the giant six-engine plane has a wingspan of 385 feet, called the stratolaunch. it's designed to carry rockets between two fuselages, the rockets ll be dropped from the plane, launched in space from the air, reminds me of the spruce goose. it is gigantic. wow. individual stocks making news and moving. computer security software maker palo alto networks adding
more customers, no surprise, making more money, no surprise, the stock is up 15%. the cloud storage company box posted encouraging numbers. it's up 6%. look at this. hewlett-packard enterprise reports steep fall in biggest business area that sells service, networking, data storage equipment. hurt by tepid demand and strong dollar. hewlett-packard down 5%. kathy griffin losing her cnn new year's eve gig, and a sponsor over this outrageous photo. the sponsor who dropped her squaty potty. the ceo of that joins us next. and dennis miller fired up for first appearance on "varney & co.". stay tuned. miller coming up. ♪ vo: some in congress are jeopardizing a once in a
generation opportunity to fix america's broken tax code by pushing their harmful bat tax. the senate has said no way. president trump says it's too complicated and his top economic advisor says it will force consumers to pay more for everyday things they rely on. mnuchin: it has the potential to pass on significant costs to the consumer. vo: tell congress to drop the bat tax so real tax reform can get done that helps all americans. . stuart: kathy griffin in a firestorm after posing with the dreadful photograph. she has been cut by cnn, and she's been dropped by a sponsor, the sponsor was squatty potty. now that company's ceo joins us now, bobby edwards. bobby, okay, squatty potty,
presidency, and that's the agenda policy track. the others are heading towards a train wreck. the problem with the tweets is initially they were entertaining and initially they enraged the media. the fake news tweets and so forth. i think it has reached the point where the media and the targets of these contentious tweets are revelling in them, enjoying them. they find an entertainment for their viewers, and their readers and they're treating the president as a dancing bear. bring him out, do another tweet, we'll have fun with this. i think that is self-defeat. we've gotten to the point where it is diminishing returns and they should turn towards the one thing that's going to bring them victory. that's taxes, energy policy like the announcement he's going to make in the rose garden today, education and foreign policy like the successful overseas trip. concentrate on that. stuart: i should be honest and tell our viewers that dan and i were talking during the commercial break, and dan came up with a very, very good idea about what president trump
should do with the paris climate accord. ta da! turn it over to the senate. i like that. >> and let them vote on it. >> barack obama did another unilateral actions, it was a big international agreement, it should have been submitted to the senate for a vote, and i think what donald trump would say is all you people out there think this is a highly political subject, climate change, let's put it where politics belongs in the senate of the united states and let the moderate democrats from energy states like heidi heitkamp in north dakota or joe manchin in west virginia, sharon brown in ohio. let's see if they vote for the paris climate agreement. stuart: a really good idea. that's original. >> that would be entertaining. stuart: welcome to "varney & co.". we like that stuff. really cool. mr. heninger, see you next week. look who's here, dennis
miller. comedian, dennis, look, thank you very much for being on the show today, dennis. you are a genuine star, it's great to have you with us. >> stuart. who was the guy on before me. i haven't seen that color orange in a golf shirt since don johnson was on miami vice. who was that guy? stuart: the ceo of squatty potty, and you well know. >> the squatty potty ceo. [laughter] i don't know what the little logo was on the shirt, and by the way, i think i heard the squatty potty say his product resonates? is that what he said? stuart: he did say that. [ laughter ] yes. >> good to know. stuart: he's trying help people poop. is that clear? >> i understand! but i don't know if i want to use the product and feel resonance down there in my elementary san andreas canal.
stuart: glad you're on the show, dennis. is there any humor that you can see or find in d.c. today, dysfunctional republicans, a very different presidency and rather hysterical democrats. any humor there? >> well, you know, stuart, i'll be honest, i don't know if you are of the objectivist vent or fan of atlas shrug, i shrug to a large degree, i don't think it's funny anymore, it's grim. i checked out to a large degree, i haven't been on tv for a long while, i enjoy you and ash and emac in the morning so much. stuart: do you really? >> it's aconvivial salon, like you're in a men's club, this is the first time i've been on in a while. stuart: as far as squatty potty? >> i enjoy the nature of it, and reading pg road house and
enjoying that, and i thought i'd try the british guys for a while. stuart: we're both americans, dennis, i'm a newly minted citizen and ash has been one forever. give us a break, we're not foreigners. >> sorry for me accent shaming. i guess that's the new thing. [ laughter ] >> accent shaming. that was pretty good. do you make this up? >> i can't hear them. stuart: you can't hear us? >> no. stuart: now do you make it up as you go along or do you come in with a script and you know what you're going to say? >> well, this morning they gave me topics they wanted to talk about russia, you know, so yes, certainly sit down and scribble a few ideas, but i find out years ago i did "monday night football" for a couple years, i was such a stranger in a strange land i remember thinking my god i can't believe i'm doing "monday night football," i better write things down so i'm covered.
it gets into the flow of it. it looks staged. i put a few ideas down now, as you get older, you get wiser, and no, i don't have the whole thing in front of me, the entire schematic. stuart: we're going to take a short commercial break, give you time to arrange your thoughts. we have more stuff for you to go at. >> aren't you in the end of the show here? i'll stay with you until the end if you want to. stuart: if you're not careful, dennis, we'll have you on for the next 20 minutes. >> i'd love to talk. i know you guys are off to a power lunch at michaels over at banger and mash, i'll stay with you until the end. stuart: okay, can i just do this first? get a word in edgewise? apple is making a siri speaker, i don't know how we got onto this from dennis. this is a rival for amazon's alexa and google home. it is an interesting story. we will bring it to you along
learn more first week of june when they have the conference. you probably already have apple products in your pocket, on your desk, by your television. how about a siri speaker. this will take on amazon and google. this new speaker reportedly supposed to be loud and crisp and have a virtual surround sound. in addition to moving everything in your home, turning on appliances, lights, and really integrated with all the apple products. right now we are seeing apple down slightly but we are watching apple for developments on this one. th siri speaker, which is supposed to be announced in june and to ship later this year. i'm sure we'll learn more. keep it right here on fox business.
. >> the country's gone crazy, in movie term us when started school, the country was an inspiring, uplifting drama. you're graduating into a tragic, dumb ass comedy. stuart: that was actor robert de niro, the commencement speech at brown university. he said the country is turning into a comedy. is that why you tune things out, dennis? >> sure is. ironically, i never thought it would come around to full circle. when i hear robert de niro speak, i look back and turn my
shoulder and say are you talking to me? you talking to me? i don't find it to be a tragic comedy, i find it more tragic. i think that's what he means, too. they try to leven the accusation saying it's a tragic comedy, i think it's a tragedy. when i watch people like him i hear you get angry when yo play these things and you say i don't care, i don't care what you say robert de niro and it makes me angry. but i'm to the point now, stuart, where i don't care, simply i don't care, i've trained myself out of caring about this sort of sterm and drag, it's hard but doable. you should start with the nfl. the nfl has gotten weird over the last five years, anything but a sport now. you tune out there. it took me a couple years but now i don't order it anymore. i use robert de niro's
bleetings as a reverse mantra. i don't listen, i don't listen, i begin to stray, as the maharishi said i bring myself back to not listening to him. i practice my mindfulness through people like his mindlessness. i don't want to hear it every day. if you participate in it by being the receptor on thatnstan rage, you are culpable. i'm not culpable anymore, hard to drum yourself touft completely. i don't listen every day. barack obama was not my cup of tea, i didn't spend every day of eight years wishing him ill. you live your life. stuart: one more for you dennis, comedian adam carolla is working on no safe spaces, bashes the p.c. movement in colleges. i want to play the audience a quick teaser, roll tape, please. >> a commitment to diversity
means that nobody graduates until they think just the right way. >> at utopia university, there are no violent words to hurt me. >> i will punch you if you're a fascist. >> i'm going to be the next che guevara. >> we checked our privilege. >> welcome to utopia u. >> a wonderful place to learn everything your parents taught you is wrong. >> it's not based in reality. >> it's based on your realities. >> wait, hold on a second. that campus doesn't really exist, does it? >> that doesn't look like parody to me. you can run that after don lemon's show on cnn and it would play like a commercial. stuart: i think mr. corolla is onto some, going after the p.c. movement on colleges which does drive me insane. do you remember mario savio in california? the free speech movement at berkeley? he started it, when students were for free speech, and look at it now? >> it's incredible. first off, i'd like to say i
like the pedigree on the project because i think adam carolla is the will rogers of his generation, and i think dennis prayinger is in there too, as far as astute observers like dennis. colleges are on such lock on. jesus christ could appear in a college campus and change water into wine and he would be frog walked off by the campus cops because he killed some microorganisms in the wine. we have gone from the greatest generation to the gradingest generation, i got the job as a safe space life guard, i'm expected to dive in and save the kids when they're drowning in their own b.s.! and it's funny to me that kids always said never trust anybody over 30, and now it's never trust anybody over 30 grand. the kids in an odd way have
become the man and how can you fault them when you look at people in charge of them, zuckerberg showing up last week, one of the richest guys in the world, and all it turns out he's like bernie sanders with a worse hair cut! then teachers like bill aires on there, bill aires in his late 70s remains a man in ponytail in search of a man, is there anything more ironic that a revolutionary on a pension? you never saw zapata arguing about a lipitor copay. and you've got the administrators definitely afraid of the kids. i agree with you, stuart, i think it is absolutely insane and one of the reasons i checked out, when the place that should be the most open-minded launch pad of a census salon turns into a lockdown place where you can get cornered like a lord of the flies type situation, it's time to check out. stuart: dennis miller, everyone. he'll be back if he accepts the
invitation, thanks, dennis, great stuff. >> by the way on the paul allen plane, it's so big they can lose your luggage and it's still on the plane. stuart: that was good, you took a while to think that one out. it was good. good stuff. we tried to ask him about the gop divide. he went off on squatty potty. so we're going to ask the head of the republican national committee about the republican divide, and he -- she actually, is next. think again. this is t. we a building new airports all across the state.s is t.
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. stuart: president trump wants congress to move quickly on tax reform. the gop, however, is divided. here now, ronna romney mcdaniel, the republican national committee's chair. welcome to the program. >> thanks for having me, a beautiful day in new york city. stuart: yeah, right? >> it is. i'm trying to lengthen the segment so we can't get to what you want to talk about. stuart: good luck, you surely know and people are telling you this all the time, if we don't get some accomplishment from the trump team and from congress this year, the republican party is in real trouble next year. you know, that don't you?
>> stuart, i'm across the country all the time, i'm going to be in toledo, ohio tonight. i'm hearing from voters. they want to see us fulfill the campaign promises we ran on. repealing and replacing obamacare, tax reform, president trump's agenda, we need to see that pushed forward. that's going to come from congress. stuart: what you're telling people as you travel around the country is that you're hopeful that, yes we will get it done, that's what you're telling us. >> take a breath, these are big issues, we're working together, r leaders know it, i'm taking message back to washington as the rnc chair, they're hearing the grassroots of the country. there is a recognition if we do not fulfill the things we campaigned ovoters will not be on the 2018 -- they absolutely understand that, and that message is delivered. stuart: has it made any difference to the two wings of the party, the freedom caucus and maybe moderate republicans. you cannot have my way or the highway. you can't do that. >> you can't be all or nothing,
right? you can't be all my way or nothing, you shouldn't be married if you're all or nothing, right? that doesn't work, certainly doesn't work in governance, it's a team sport. the democrats are sitting on their hands, they're not going to help with anything, they'd market make political wins so it's up to the republican party to help the american people who want to see jobs, wages, fair trade, tax reform and the repeal and replace of obamacare. stuart: we want something this year. i'm out of time. i'm sorry i'm out of time, could talk to you all morning, ronna romney mcdaniels, thank you for being here. >> thanks for having me. stuart: we will have more varney after this.