tv Varney Company FOX Business August 21, 2017 9:00am-12:00pm EDT
could probably get to the totality belt. [laughter] we've got like five hours. >> i just am all about the deals. doughnuts are great, 21% off at pottery barn. >> don't forget friday, janet yellen speaking at jackson hole. be there. cheryl: that's it for us. ashley webster is in for stuart varney. it's all about the doughnuts. ashley: good morning, everyone. stuart is back tomorrow, i promise, but here is today's big story for you. twelve hours from right now, president trump will be addressing the nation about the war in afghanistan. two questions. will he send more troops, and why is he doing this now? we're going to be asking our military experts those questions. today will be the first day of the trump administration without steve bannon as chief strategist, we'll see what his role back at breitbart will mean for the president members of congress. all of that weighing on the markets as investors look for
stability in washington and any hint -- i mean, any hint -- that the growth agenda could get done. and perhaps overshadowing, pun intended, all those headlines today, the solar eclipse. many are wait what many -- millions are waiting what many are calling a once in a lifetime event. "varney & company" begins right now. ♪ ♪ ashley: we begin with sad news this morning, the search continuing for ten u.s. sailors missing after an early morning collision between a navy destroyer and a tanker or near singapore. what on earth is going on. what's the latest? >> yeah, search and rescue underway. it happened east of singapore. it hit an oil and chemical tanker three times its size. so basically this is the second serious collision in about a month. the uss fitzgerald collided with a freighter off the coast of
japan, seven sailors dead there. sailors are being evacuatedded, and so the search is on right now for the ten missing, five injured as well. ashley: all right, thank you very much. let's bring in colonel ralph peters, he's here. great to have you as always. my question is we have this amazing technology on our military, you know, on our navy ships. here we have a destroyer that's pretty nimble. why does this keep happening? >> well, the obvious conclusion is the officers on the bridge and the seamen don't have basic navigation skills. they don't, no longer are drilled in basic seamanship. they don't have the discipline they should. i mean, i love the u.s. navy. it's vital to our national defense. but it's in a bad way right now. of it's coming off the corruption scandals, you had the horrific behavior of the sailors who were grabbed by iran without a fight.
ashley: yes. >> but i think they're -- one of parts of this problem, part of it is fundamental. those soldiers, sorry, those sailors did not have the basic seamanship skills. but by god, they got their sensitivity training, their race relations training, sexual harassment training. and we have for a long time but particularly under obama turned the military into a social engineering experiment. and, no, the purpose of a military is to fight. and for the navy of, boy, you can't fight if you don't have basic navigation skills. and the nonchalance, the neglect, the lack of focus that goes into an accident like this is just appalling. ashley: yeah. >> twice is too much. ashley: twices in two months. next one for you, colonel, president trump we know now is going to address the nation tonight on u.s. involvement in afghanistan and south asia. question i have for you is are
we going to hear about more troops going and what's your thought about that? >> well, the rumor intelligence has it that we'll have about 3,000 more troops sent to afghanistan. and, you know, it sounds like a relatively small number, but there are three problems here. the first is that will bring up our troop level up to about 13,000. how on earth can we expect 13,000 troops to do what 140,000 u.s. and allied troops couldn't do at the peak of our commitment when the taliban was much weaker? the second problem is, you know, i understand it, but we have military leaders who have served in afghanistan, and they've got in the emotional attachment because they saw their soldiers and marines die there, and they don't want to let go. it's the principle of some costs. ashley are, you got to know when to stop invest anything a losing stock. ashley: so, colonel, let me stop you right there. i feel like you're saying it's time to pull out.
>> i would leave a residual force a little smaller than we have now, about 5,000, to do some fundamental training, but primarily to kill terrorists. the only reason for us to be in afghanistan today is to keep killing terrorists. but if -- here's the bottom line, ashley. if the people of afghanistan will not fight for their own government, why should u.s. troops fight for it? if the afghans won't save that government, we can't save it. and by the way, we're so emotionally involved in this that we can't see what's obvious. the pashtun majority in afghanistan views the taliban as the home team. knows after 16 years we've hammered them with everything we've got, and they're still there. people are still volunteering to fight for the taliban, and they're not willing to die for the kabul government. if we can't -- i mean, it's so obvious that this is an impossible situation. but at the end of the day, look, this is ugly. i have no sympathy with the taliban.
they're a bunch of brutal, women-hating -- [inaudible] ing but by god, we're the minutemen and they're the red coats. ashley: it doesn't help when pakistan keeps offering safe havens. >> that's true. we've tolerated, and that was wrong. we spent well over a trillion dollars total in afghanistan. we've had the jets, we've had the sophisticated weapons, the sophisticated intelligence. we've given the afghan military equipment, we've given them training, we've poured money into the afghan government, and the taliban are still there. and i had a very high ranking general, one who i respect very much, i'll leave his name out of it. over the years, we've talked about this. he kept telling me the taliban are lousy fighters. you know what? the minutemen at concord and lexington were lousy fighters. they lost tactically in the early years of our revolution. kept losing tactically, but we won strategically. and what the taliban are doing
is losing tactically. they're lousy fighters compared to our troops, but they're winning strategically, and we can't, we just can't face up to it. ashley: all right. colonel ralph peters, stay right there. more for you in a minute on killer robots. stay right there. meanwhile, dow futures off the lows from earlier this morning, lots of red arrows but modestly so. the dow, s&p and nasdaq all just slightly lower before we head into the trading day in about 23 minutes from now. other news, the big shipping company agreeing to sell to totale in a $7 billion deal. texas power distributer encore electric delivery company for $9.45 billion. some big deals. by the way, that last bid tops a bid by berkshire hathaway that came just last month. okay, well, white house economic adviser gary cohn
looking visibly uncomfortable. we've shown this to you many times. this was at a news conference with the president last week when the topic shifted from infrastructure to charlottesville and pretty much stayed there. mr. cohn standing there wishing, looking like he'd rather be anywhere else but there. the markets were rattled because they thought gary cohn may be out, and that would hurt the president's pro-growth agenda. so where do we stand now between washington and the markets? come in market watcher keith fitzgerald. keith, look, the markets recovered after we learned that mr. cohn, quote, isn't going anywhere. is he really key to this stock rally right now? >> well, here's the thing, i don't know whether he's truly key or just the perception is that he's key. either way, traders have to make a decision right now, they have to decide which side they're going to bet on literally and figuratively. i think he is more critical to the emotion of the market than to the substance of the market, and i think if he departs, that
does, in fact, pose a significant problem for traders, and we could see the correction that we would normally to otherwise have this time of year. >> yeah. earnings season is over, we're in a vacuum right now. august, september notoriously rocky on markets. ashley: doldrums. >> yep. >> here's the thing, if he pushes on tax cuts, gary cohn is so key for that, that's the way for the president to reconnect with with the gop and business leaders who have abandoned him, right? it'd be an easy win on that front. the russell 2000 is on a shinnery ride right now. ashley: let's hope. senate majority leader mitch ever mitch mcconnell and rl steve mnuchin were at loggerheads, they appeared together in kentucky. is this the kind of olive branch markets are looking for? >> oh, that's tough to say. give a politician a microphone,
they're always going to be there. if these guys are going to be like this, it doesn't matter, they're still like a bunch of 5-year-olds in the sand box. americans are getting burned because these guys won't do their job. ashley: exactly right. middle class tax cuts, we need them. keith, stay right there. we're coming back in a little while. this is the story that everyone is talking about today, the first full solar eclipse in the united states since four decades, it's been 99 years since it went coast to coast. i'm sure you've heard of all the warnings, don't look at the eclipse without special glasses, but here's the question: how much damage will you do to your eyes if you do sneak a sneak please don't, but we'll tell you. treasury secretary steve mnuchin's classmates calling on him to resign, he says he's standing by the president. and check this out, university of texas removing confederate monuments on the campus.
the university called them symbols of modern white supremacy and neo-naziism. what will congressman louie gohmert say about all of that? well, we're going to ask him after this. here he comes. ♪ ♪ don't let dust and allergens get between you and life's beautiful moments. flonase outperforms the #1 non-drowsy allergy pill. it helps block 6 key inflammatory substances that cause symptoms. pills block one and 6 is greater than 1. flonase changes everything.
ashley: let's take a look at the price of gold, still moving up, up $3.40 to 1295, a bit of a safe haven play. let's take a look at oil as well. oil down half a percent at 48.24. we've been in this same range for a while now. all right, back to politics and to steve ban non. now that he is out of the west wing of the white house, there are reports he may start leaning on the gop establishment from his perch at breitbart. come in congressman louie gohmert, republican from texas. we are delighted to have him in studio, not via satellite. >> by the way, it's great to be
ed had. ashley: your reaction toll steve bannon. he's out. what happens now? >> well, steve is a real strategist, and despite all the knocks -- ashley: did you meet with him at allsome. >> oh, yeah. numerous times. in fact, andrew breitbart introduced us years ago, and i've known him since then. ashley: right. >> he's a strategist, he's a thinker. and, certainly, there were problems, but they're going to miss his strategic thinking. too much -- ashley: why are they going to miss him when the administration up to this point has been very muddled? >> yes, it has. ashley: what did he provide when he was there? >> unfortunately, it's been an administration that's been totally at odds. there's been so much in-fighting within the administration, and i don't know that you're going to see breitbart that's going to become any more strident than they had h. i think now that steve is back at breitbart, they'll be much more focused on
where he was seeing the biggest problems -- ashley: do you think he'll continue to be, quote-unquote, a loyal soldier to president trump? >> to trump but not necessarily to people that are there. i mean, one of the first headline ares you saw was talking about the problems with mcmaster. so you see a little of that flare -- ashley: also going after paul ryan and mitch mcconnell, saying it's time for the gop leadership to kick it into high gear, lean on them. >> well, they absolutely should. but if you look back before the election, paul ryan and mitch mcconnell were totally opposed to the things that got donald trump elected. and i told the president back in june, you are being slow-walked. we are being slow-walked. this is exactly what happened in 2005. dennis hastert and bill frist, you know, they were kind of okay with reforming social security, but they really didn't want the heavy lift. they slow-walked everything. oh, yeah, we'll get into it by
may. and then may it's, yeah, probably july or september. and, well, surely by the end of the year. we're working, we're working -- ashley: nothing's happening. >> and then we got to january of '06, and at the annual meeting it was, okay, here's the new strategy. all you veterans know we're in an even-numbered year, that means you can't do any of those big things. this year we'll do nothing, just eke by, save the majority which will be in jeopardy. i got up and said if you really think there's any chance of losing the majority, this has to be the year we reform social security, we reform the tax code, we streamline government. people will love that even in an even-numbered year. but i was in the minority, and i'm telling you that's the way some of our leadership is thinking again. we're going to eke by. the freedom caucus was begging in july, bring all 12 appropriations bills to the floor, we'll vote for them the
way they are right now. the appropriations committee did some really tough, heavy lifting. they did a good job overall -- ashley: but nothing happened. >> we're going to vote for them, and they brought four, and they said, well, we think this is a problem, and they kept back the ones that we're going to be able to use as leverage to force others to vote for bad bills. ashley: let me talk about this one for you, confederate monuments being taken down nationwide in the wake of charlottesville, and i understand at the university of texas. what is your feeling on that? >> well, this has been stirred up, and i think the democrats, i mean, this needs an investigation, ashley. and the president or through him, the attorney general can appoint an independent counsel. this is so political, this is being driven by forces of evil that are beyond what normal people can think about. how do you have instances of
people with kkk shirts and black lives matter, you know, getting off the same bus? i mean, what -- ashley: that's your claim, that these people -- >> no, no, it's not my claim. i'm telling you there are witnesses out there, at charlottesville there are witnesses that were saying, look, the barricades were with funneled so we had to face each err and become at odds. it's like the governor and the mayor, this is a strategy to make race the number one issue in 2018 and 2020. they think it's their ticket back. but this is going to blow up in their face. we need an investigation as to what happened at charlottesville, who paid for the different groups to come in, who ordered the funnels of those groups together, who ordered the standby while the violence goes on, you know? ashley: all right. >> for heaven sake, heather heyer should never have been killed, this should never have been allowed to happen. and either jeff sessions or the president himself has got to
appoint an independent counsel. let's get to the bottom of this before these people are allowed to explode this country. ashley: all right. >> this is deadly serious, ashley. ashley: it is. louie, thank you so much for being here, appreciate it. >> thank you. ashley: all right. this sounds like the plot of a sci-fi movie. elon musk and other leaders in the tech industry calling on the u.n. to impose a worldwide ban on autonomous military robots. musk says killer robots are, quote, the greatest threat we face to civilization. more "varney" after this. parodontax, the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try parodontax toothpaste. ♪ if only the signs were as obvious when you trade.
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ashley: tesla chief elon musk among a group of 116 founders of robotics and artificial intelligence companies who are calling on the united nations to ban killer robots. colonel ralph peters sticking around with us. as a military man, what do you say about that, colonel? >> the first thing i say, i admire elon musk. he's really the spirit of american entrepreneurship. you've got to be clear, he's not talking about right now and robots that go into a building and explode a hidden bomb. he's thinking about the outyears and truly autonomous, killer robots in large numbers that will be launched and then be on their own. and you can paint no end of potentially disastrous scenarios. so i think, you know, beyond the
science fiction aspects, and we live of in a science fiction age -- ashley: yeah. >> there are real concerns here. and yet as a historian, elle tell you -- i'll tell you no matter what the u.n. does, they're probably inevitable. and that's a lousy argument, i know that. but i'd say musk is right to worry, but you can't stop that train. ashley: yeah. and it's a lousy argument, but it's reality, ralph. even if we don't, if we show restraint, we know already others in this world who will do the complete opposite. >> there should always be a human in the loop, but we're moving beyond it. ashley: that's very true. colonel ralph peters, thank you so much. >> thank you. ashley: appreciate it. quick look at the markets before we head to the break. we're under five minute aways from the opening. down but not by much, the i dow off by 26 points, nasdaq slightly lore. we'll see what the week holds for the u.s. markets. we'll be right back with the opening bell after this.
certainly with president trump's growth agenda, so has the markets. we'll have to wait and see. we've seen a bit of a selloff at times. where do they go from here? is this the pause before the next leg up, or is there concern and the markets go down? those are the questions for our financial experts in just a few seconds. here we go. the bells are starting to ring, and we're off. here we go, down again with just about six points on the dow, nine, ten points. therethere at the top of the scn are the stocks on the upside, mcdonald's, dupont, goldman sachs, intel also moving hire, but now we're seeing a lot more on the red side, nike at the bottom with caterpillar, but the dow just down 13 points. a soft start, as we say. the s&p also essentially flat at 2424, how about that? 2424. and the nasdaq also flat, at least it's showing a green arrow at 2117. who joins us to make sense of all of this?
the stars themself, liz macdonald, keith fitzgerald and todd horowitz. thanks all for being here. okay. bannon is out, mnuchin and mcconnell are working together. todd, do the markets like this, or is it show me what you can do rather than the hope of it getting done? >> good morning, ashley. i think that the markets may like are it, but i think the markets are tired of the same old rhetoric every day. it's a new guy in, new guy out, but the biggest problem is nobody wants to cooperate p with trump the begin with, so that's the bigger problem here. and that, i city, is going to be the pause that's going to have these markets go lower here. >> todd makes a great point. and we were talking earlier the way to get the gop and the business community on track is to get that easy victory of a tax cut. steve bannon was focusing on economic war with china -- ashley: creating money to build the wall. >> yeah, that's right. and rising maybe a government shutdown if you don't get that border wall funding.
now you can focus it on tax cuts. ashley: so much talk, so little action. >> i know. ashley: hopefully, something will happen. let's take a look at these headlines, seven signs the stock market is ready to run smack into a wall with. not talking about the border wall. stock markets, record-setting rally at risk with doubts over the trump agenda, small cap worries, the volatility index. i'm going to get buzzed in a minute. [laughter] all of these things, bad breath. i said not bad breath, bad breadth, too many stocks hitting 52-week lows and 52-week highs. this article basically say it is omen is not that strong. keith, is there something to that or something just the talk about? >> it's like throwing spa getty against the wall -- spa spagheti against the wall to see where it sticks. here's the thing, you know, pessimists, august is notoriously choppy market anyway. the biggest single challenge,
belief it or not, for most investors is the emotions because they see the politics not working right, they see the agenda at risk, tax cuts, obamacare, all kinds of things that cause fear. and that's where you really get this trouble. if you want to look at where the money's moving, look at the consolidation particularly in the energy industry. savvy ceos are still on the move and still thinking about the future. that's what you want to be doing as an investor, albeit very intelligently. ashley: as always, keith, thank you very much. tesla bonds, we talked about this, already trading underwater. e6789 mac, what's going on? >> yeah, we reported on the junk bond offering last week, this is a company that's not cash flow positive. they came out with a 5.25% pricing, and they had to raise it after 5.3. even after doing that, the bonds went underwater, so they broke below a dollar, you know, 97 cents on the dollar. so it's a $1.8 billion bond offering -- ashley: what are we saying, a bad investment?
>> this is a company that's going to continue to have to come back into the bond markets the borrow because it needs to build out. half a million cars a year, that's up from 80k, very ambitious plans going forward with. they need the infrastructure to plug in the vehicles, it's not in place. to is this is a balance sheet that is under you are the rest at tesla -- duress right now at tesla. ashley: keith, what's your thoughts? >> i think e. mac's absolutely spot on. i don't think that point's going to be right around the corner. however, there's a good argument to be made that musk has made the big investments. he's going to have to come back for sustenance now, and those are different parents of the equation. what -- parts of the equation. he's putting the money first, and he's just going to the markets instead of private silicon valley. ashley: keith, you're in seattle. do you own a tesla or would you think of buying one?
>> well, i tell you what, i've thought seriously about buying one, but i want one at a lot lower price point like i could get in japan, for example. 45 electric vehicles i can choose from over there, and i've got two or three in america, it's amazing. >> and hyundai has now stepped in. ashley: todd, a little birdie told me you love tesla, don't you? >> you know what? i love the car. i think it's a financial car -- [laughter] -- phenomenal car. the company itself has no chance. the bond offering's not taking off. listen, musk is a genius, he figured out how to get millionaires more out of their cars who can afford these cars, but they can't make money, and until they do, they're not going to make up their losses. i'm a big seller of tesla, i think it's a great short. ashley: all right, you have spoken. let's take a quick look at the big board just about five minutes into the trading d as you can see, ho-mum, we're down 20 -- ho-hum, we're down 20
point, about a telephoneth of a percent. -- tenth of a percent. maersk agrees to sell to totale, unchanged as you can see there. meanwhile, utility owner sempra energy agreeing to buy encore electric delivery company, and that, by the way, tops a bid by warren buffett's berkshire hathaway, up just about half a percent. lululemon rising today. why? it got an upgrade from bank of america. that always helps. that's up, lululemon, that is, about 1% to 58.80. but finish line, you see those in the malls, don't you? another retailer facing a downgrade. that's falling and that hurts, down almost 8% at just over $10 a share for finish line. is it going to make it to the finish line? barron's, by the way, likes what starbucks is doing with digital
payments. okay, i'm not quite sure why that's such a big deal. keith, do you agree that this is very positive? >> well, i do. and, again, you know, to go back to my experience in japan, you walk into the grocery store and pay for everything i want with, i can go to the train station, everything with a stored value device like my cell phone, and i think starbucks is pushing that agenda despite the fact they've got all kinds of third parties trying to force their version of e-pay, so it's a good thing in my book. ashley: todd, does that mean the lines go down? we understand that starbucks is always overwhelmed with people trying the pick up their coffee, which is a good thing. >> it's a good thing for starbucks. again, pay is a good thick, because a lot of people forget the money they have. the guy who invented give certificates, half the people don't use them. to me, we're giving out too much information. i'm not a big fan, but certainly it's a big, hot thing in today's market and certainly a big thing
for starbucks. ashley: todd doesn't like this internet thing. [laughter] >> no, i don't. i'm old! ashley: i understand. legitimate security concerns. let's move on to apple. apple has made a point of never releasing apple watch sales figure, but now sources in the supply chain reporting that apple watch sales are poised to spike 33%. todd, do you buy that? >> i think they've got a chance. they've been working on some deals with insurance companies trying to the get this -- which is great for the watches, great for apple. and apple is still one of the great inch know satives, and -- innovate is. they don't want to become the next ibm, they want to get past that and continue to innovate. i think they've got a shot, yes. ashley: keith, do you have an apple watch? >> i do not. i've not gone dick tracy yet. i think that's going to come. i still want to watch the tucks. ashley: there's a concept.
do you have one, e. mac? >> no. waiting for christmas. am i on your list? ashley: let me make a note. [laughter] all right. let's move on, former ge ceo jeff immelting reportedly close to becoming uber's new chief. is that a good fit, keith fitzgerald? >> not in my book. youyou know, you've got a guy ws used to running big east coast conglomerate, and i don't think he's got the right mindset. to me, this is all about silicon valley trying to apply some window dressing so they can pawn their ipo. and, to me, it's comeuppance. it's time that this happens, and investors witness it. >> i think keith is right. this is going to be like when cultural worlds collide. you know, jeff immelt is known for having a coterie, a phalanx of corporate bureaucrats around him. that's how he operates. ashley: yeah. >> that's totally different from an uber-type start-up where they
don't operate that way. ashley: last word to you, todd. uber needs a grown line-up in te room, is jeff immelt the man? >> i think the investors would love to get out with their shirts right now. i think there's too much competition and too many issues to deal with, and they've spent way too much money trying to get this thing set up. that's what i think. ashley: very good. todd and keith, we appreciate it. thanks for joining us. and you, e. mac, of course. pope francis says the rights of migrants are more important than our national security. you're giving me a furrowed look. [laughter] not making it up, we're on that story. and the man who won millions by hacking the lottery, that's one way of winning it, now looking at 25 years in the slammer. we'll have his story after this. ♪ ♪
ashley: all right, let's check the big board as we get a new trading week underway. well, investors just kind of waiting to see what happens next, just down seven points at 21,667 on the dow. china auto giant great wall motors expresses interest in buying fiat chrysler's jeep. that's a true american icon, is it not? what's going on, nicole? >> it's recognized all around the worked jeep. the interesting news on this is sergio marchionne has been saying he would like to have a partner or buyer for part of the company because all the costs that they've had that have been rising also working on emissions regulations, developing technology for self-driving cars. now, fiat chrysler said they have not been approached by great wall for jeep, but in the
meantime, when you speak to a person over at great wall, they say they are either working on a bid or a bid was being prepared. so we'll see how it develops. but we've seen now chrysler moving higher to an all-time highed today. so we'll see whether or not a deal gets done. apparently, great wall says they could be working on a bid. ashley: desperately want a u.s. automaker, that's for sure. nicole, great stuff. to iowa now, the mastermind of massive lottery fraud faces up to 25 years in prison. what did he do? >> yeah. the guy's name is eddie tipton, he was head of security for multistate lottery. in or around thanksgiving and christmas time, he along with his brother would rig the random generator, basically software, to make him or his brother win three different lottery winnings every year for six years starting last, middle of last decade.
ashley: wasn't that kind of a clue? >> yeah. he would basically rig the numbers so he personally would win. he they made millions of dollars. he rigged lotteries in colorado, iowa, oklahoma and kansas for a six-year period. and he has to, as part of his guilty plea, he's basically going to have to show exactly how he did it. [laughter] ashley: so someone else doesn't do the same thing. >> that's right. ashley: all right. thank you. pope francis saying migrants' dignity and right to protection are more important than national security concerns. joining us now, nick adams, founder of flag usa and author of green card warrior. i love that. nick, great to see you. ever time i hear from the pope say things like this, my first thought is he should thousand open the vatican and put in -- throw open the vatican and give them food and shelter. somehow, i don't think that's going to happen. >> ashley, i wouldn't be holding your breath --
[laughter] or my breath. look, i think the pope has forgotten about the fortifications that are all around the vatican. ashley: yes. >> admittedly, he didn't build them himself, but they are there. and i've got to tell you that i, this is a really hard one for me and i want to be delicate because i know that the pope is a reverential figure and i have great respect for him even though i'm not a catholic. but it's really, really difficult to understand where he's coming from. when he comes out and says something like the personal safety of potential migrants and more important the national security concerns, surely there's a television in the vatican. surely he saw what happened many barcelona just a few days ago. and it's very difficult to wrap my head around all of this. ashley: nick, talking of barcelona, we now are getting a sense that this terror cell was probably a dozen, if not more involved. and they managed to operate and plan this each though they blew
themselves -- even though they blew themselves up and ended up having to change their terror plans. but my concern and i'm sure from yours as well all across europe, how many more cells are like this right now making their plans? >> well, i fear the answer is something that we really don't want to each contemplate -- even contemplate for a fleeting moment, ashley. i think that these cells are all over europe. i think that years of political correctness and relativism, multiculturalism have really made europe an ideal seed bed for these kinds of people. and i fear that we're in only for much more of this, and it's really time for all of western civilization to realize and acknowledge the threat and take the action necessary to make sure that this doesn't keep happening. ashley: it seems to me that the horse has already bolted. what's the answer? you can't mass deport all of those who have flooded into
europe wanting some sort of asylum, political asylum. a lot of them are just economic migrants. you can't move them in a huge block back to where they came from, so what's the answer? >> look, it's a vexed question, ashley, and i don't purport to have all of the answers, but i think there are some creative ways that we can go about in this. i think one of the things that we should explore, i think that all of these people, these actual terrorists that are in these cells that are planning on causing mass destruction and harm to to all of us, i think that they have families, and he was families that have taken advantage of -- and they have families that are taken advantage of our country and are enjoying a nice life here. if we can make sure that their families get deported the moment we find out about them or, unfortunately, it's too late and we find out about them, i think that might have an effect. if we look at the terrorists, the home grown terror us that have been here -- terrorists that have been here from the boston bombing to other
incidents here in the united states, their families remain living here in america. ashley: yeah, very good point. it's not an easy problem to solve but, certainly, something has to be done. nick adams, great stuff. appreciate you joining us on this monday morning. >> always a pleasure. ashley: nick from dallas, of all places. let's check the dow 30 stocks. okay. seems to me they're a little more green than red, if you like. we have intel, visa on the topside. on the bottom side, nike, travelers. but overall the market rather muted as we kick off the new week. this is, of course, the story that everyone's talking about today, the first solar eclipse in decades. and now it's just hours away. so here's the question: will i go blind if i stare at the sun without those special glasses? not going to do it. dr. marc siegel has the answer for you though after this. ♪ ♪
we're going to put our glasses on. >> you can't see a thing, that's the whole idea. if you can see your hand, you don't have the right kind of glasses. they've got to say iso-12312-2 to be compliant. american astronomical society has a list on its web site which glasses are good -- ashley: i only have these on because of your tie. it's very bright yellow, which i think is no mistake. >> solar. ashley: what damage can be done to your eye if you do look up and hold that stare? >> ashley, here's the problem, and people need to know. when you look normally at the sun, the sun has a warning system. it makes you tear. it makes you feel, you know, pain. guess what you do? you look away. but during the eclipse, and it's about two hours and forty minutes of time that the eclipse lasts, you're not going to get that warning sign. you don't feel the pain, you don't get the tearing, you don't look away.
and yet you get the same amount of ultraviolet radiation that you would normally get. you won't feel it right away -- ashley: so you have no clue. >> yeah, i'm fine, i'm fine. two or three days later, a couple of days later you might start seeing wavy lines, blind spots, you might have lack of focus and acuity, and then you might see a yellow spot in the center of your vision which turn toss a red spot. solar retinopathy meaning you've damaged the most important part of your retina. ashley: and that's permanent, correct? >> not always. there's a famous story of isaac newton going blind by looking directly at an eclipse with a mirror, he got it back. ashley: so you think you've taken all the precautions and start getting some of these symptoms, get to the eye doctor right away? >> right away. and if you don't have these glasses, don't go staring into the sun. even if you have them, please, make sure they're not corrupted.
don't spend hours. make sure you're wearing them properly x the best way is the old fashionedded way, put a pinhole in a piece of paper, turn away from the sun, exact opposite -- ashley: see it reflected. >> and let it project on another plate. ashley: is that what you're going stood? i mean, you have your glasses. are you going to watch it? >> briefly. i wouldn't look at it for more than a couple minutes. here's another thing. nasa says if you're in an area of total eclipse that you could literally look at the total eclipse and be safe because during that period of time -- ashley: it's completely out. >> here's the problem with that. out of the two hours and 40 minutes, it's only one minute. imagine trying to hit the needle on that. i would not do that. protective eye wear. ashley: docker thank you -- docker thank you. appreciate it. i'm over here. treasury secretary steve mnuchin teeming up with senate majority leading mitch mcconnell to sell tax reform plan. with just 12 working days for
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ashley: 7:00 a.m. on the west coast, almost. 10:00 a.m. in the east here in new york. i'm ashley webster. stuart is back tomorrow but here is the big story. president trump back in washington, working vacation over and he's about to announce his new strategy in afghanistan. that is the nation's longest ever war. meanwhile steve bannon out as the president's chief strategist. he is back to running "breitbart" but will mr. bannon be a friend or a foe of the administration? i will ask howie kurtz at the bottom of the hour. the manhunt continues for radical imam responsible for dual attacks in spain. just couple hours, history a total solar eclipse casts a shadow over much of the united states. we carve it all on
"varney & company," don't we? hour two starts right now. ♪ ♪ ashley: called move my feet, anybody's feet. the markets starting to move lower. big board, stocks off 45 points. maybe down about .2 of a percent. we like to look at big tech names every day. check on those. so much money goes into them. pointing slightly lower. alphabet/google off a quarter of a percent. let's stop here. general mattis talking to reporters about the latest on the uss mccain collision. >> i worked with the department of defense and worked with in support of our department of state and its foreign policy want to begin by saying that my
thoughts and prayers are with sailors and families of the uss john mccain. we obviously have an investigation underway and that will determine what happened. also fully support the chief of naval operations, admiral john richardson's efforts right now. he has put together a broader inquiry to look into these incidents and to determine any of the causal factors, to determine what's going on immediate contributors to this incident but also any, any related factors. once we have those facts we'll share them with you. >> sir, together with this, is that why you're -- >> chief of naval operations broader inquiry will look at all related accidents, incidents, at sea, that sort of thing is.
he will look at all factors, not just immediate ones which fall under the fleet commander's what happened to his ship. this is broader look at what is happening? [inaudible] >> yes it is. as we discussed saturday on the airplane coming out, this trip is part of the by, with, and through effort with our allies. it is what we're going to do here is find how we can better support one another. it is constant -- ashley: the end of the tape there. we heard from secretary of defense james mattis talking about the latest and certainly a review is needed of the seventh fleet. this is second time in as many months that a u.s. naval vessel collided with a commercial vessel. the first time off the coast of japan.
this latest one off the coast of singapore. 10 u.s. sailors missing. obviously, general mattis saying we have to get to the bottom of this. liz: you can see the damage right there. it collided with a oil and chemical tanker that was about 30,000 tons in weight. it was about three times the size of the uss mccain. this, you're right, happened 5:24 p.m. eastern time on sunday, east of singapore. on route to a route tone port call. you're right, this is the second time. the fourth time a ship has been in accidents over the past year. ashley: thank you, emac. we have congresswoman claudia tenney from new york. things for being here. we were talking about the legislative agenda. let me get a comment, as i said in this day and age, how are these collisions asking, what is your thought? >> my son a graduate of the u.s. naval a academy. he commissioned as a marine. i was in afghanistan, i've been in iraq and all over the middle east and recently
returned from a trip to israel. so we've toured the region. i will say this, we recently passed in appropriations an increase in spending on our military, rebuilding our military. the equipment that we're using, that training on forces are really important. i can't comment on this i'm definitely not a military expert. definitely something we need to look to make sure our soldiers, sailors and marines are safe. this is tragedy. my thoughts and prayers out to the missing sailors. this is terrible thing it happened again with the feet. ashley: move on to afghanistan. you mentioned you were there. we will hear from the president tonight i believe a strategy he selected out of several options. is there a option at all when it comes to afghanistan that can be effective? >> afghanistan, my impressions of afghanistan, i've only been there once earlier this year on a congressional delegation trip, we have a lot of problems in
afghanistan. obviously enormous drug trade originated there. there something like 14 terrorist groups based out of afghanistan. in bagram we have very large prison hosting some very dangerous terrorists. and our military is asked for support there. i think general mattis and the rest, the president, certainly the team is coming up with a solution there. it is a very tricky situation. we've been there a long time but it is also critically important in terms of the nexus to so many terrorist groups. the leaving could be -- in last eight years prior administration, go back maybe before, maybe we've miss handled what we've done in afghanistan and maybe we need to come up with a plan. there is still activity in afghanistan. it is still a struggle. the afghanis, we're trying as we're doing in iraq, we're not directly involved, but assisting
them helping themselves. that is possibly a strategy they will c let's wait to see what the president says tonight. ashley: one last question, we'll completely changing gears. steve bannon out of the west wing. some reports are saying that mr. bannon will work against the trump administration. others saying he is loyal soldier, put more heat on mr. ryan and mr. mcconnell to get things done. what are your thoughts on all of this? >> my district elected trump in large majority. 16 points. hillary clinton upstate new york, got 39%. contrast mitt romney got 1% more than obama in 2012. most people don't know who steve bannon is. this maelstrom around the white house, drama in the white house. we care about getting things done. my district has some of the highest job losses, population losses in the country and new york state. we need tax reform. we need health care bill
repealed and replaced. we have done good jobs on the veterans administration. we have 270 bills sitting in the senate. you can't say congress hasn't gotten anything done. ashley: are you hearing from constituents? >> we passed choice act of the frustration is the senate, rightly so, 270 bills sitting at their doorstep waiting for them to pass. i'm a populist republican but also conservative, i come from upstate new york. the president is still popular. people don't want to hear about the noise from the white house. they want to hear what we will do to grow jobs, grow the economy, bring us back, bring our jobs back. trade was a big issue in my district too. as far as what is going on the white house, most people don't really know or care. ashley: sure. >> they're tired of resist movement. they're tired of all the frustration. let ate's get on with it. let's get on with it. ashley: thank you, congresswoman claudia tenney. appreciate it. >> thank you. ashley: joining me now fox news contributor tammy bruce.
the mainstream media you could argue wanted steve bannon out. this headline from the "huffington post." good-bye. your thoughts on that. >> i tell the left, careful what i wish for, you might get it. this is conceit of masters of the universe, all the power that matters is only in the white house or is in their beltway. they're still dismissing the dynamic what happens outside, grassroots and organizing that can happen. there are certainly some benefits to being in the white house and influence directly on the president but mr. bannon was winning and losing kind of equal amount and there was fighting and it was somewhat chaotic. outside he will be able to do more that interests him, which by the way is about the agenda as the congresswoman noted. he that is worried about the agenda. we all are. if the agenda is stopped by individuals in the white house,
if the president is stopped, i think you will see steve bannon deal with that as well. i think right now it is about marginalizing people who are trying to -- ashley: steve bannon hurt the base support for donald trump? he has a lot of support, steve bannon, those that say now he is gone, last person left in the trump administration who truly had conservative values? >> i wouldn't say just because he is out of the white house doesn't mean they're not still engaged. there are things called phones. action that steve bannon can take. i think the base will get to know steve bannon a little bit more. they will see the power of outside influence at this point frankly i think it is missing. that will not harm the base. the base cares about the agenda. that is what elected him. the jobs, economy, immigration, national security, tax reform. all of those things, five issues, that is what the president concentrates on. there is new warrior on the field. so the left got what it wanted. so will we as a matter of fact.
ashley: we'll see. tammy, stay right there. check this out british parliament's big ben, the name of the bell, will ring for last time in four years today. what? it is undergoing renovations. hammers struck this bell, such iconic bell many every day for 150 years. liz: must miss it. ashley: you can't be up there while fixing on the bell. you will hear it rest of your life. the terror cell had terrifying 120 gas canisters. we have the latest on the manhunt. we're hours away from once in a lifetime event, solar eclipse. don't look straight at the sun. one report says it will cost us $700 million in lost productivity. that's next. ♪ parodontax, the toothpaste that helps
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ashley: check the big board for you, take a look at the dow 30. we're up about a quarter of a percent, down 53 points on the dow. more red than green. more people selling than buying, that's what that means. look at gold, people perhaps looking for a bit of safety, up six bucks, previousing 1300 per troy ounce at 1297. lululemon rising after an upgrade from bank of america. it is up at 58.88. lululemon. liz: lululemon. ashley: alta beauty salon after still cut the price target. hefty price of 234.84. now this story. tesla's elon musk has a warning for the united nations. watch out for killer robots,
emac. liz: he signed an open letter from 116 experts from 20 counties joining a guy from alphabet as well. should add them to list of banned chemical weapons and banned armament. it can happen on scale, faster than humans comprehend, killer robots. not just drones, machine guns and tanks as well. they could be hacked and terrorists used on innocent populations. >> sure. liz: it is a pandora's box, they're calling killer robots. ashley: what can the u.n. do? liz: put them on the banned list of chemical weapons and certain form of lasers. i hear what you're saying. >> my sent schism is palpable. i hear what you're saying. not being crazy or nutty bit. talking about a reasonable threat. >> reasonable concerns. ashley: yes. moving on, i'm being told. now the first total solar eclipse in 38 years happening over north america today. joining us now, michael gillen,
author of the book, the null prophecy. when i see the word prophecy, should we be worried? >> shouldn't worry about the solar eclipse, it will be speck tackla. one of the reasons why this total solar eclipse is so significant, normally the round yellow face of the sun which we call photo sphere is what steals the show. when the moon's shadow is just right sigh to block out the round part, reveals the ring, the fainter corona. that is the bad boy of the sunny call it. every now and again given to fits and starts like a 3-year-old. when it erupts it is like a 3-year-old flinging food across the kitchen table. it flings out huge radioactively charged particles. most of the time they are not directed at us. last time that happened in 1859. it created a situation, they
called it the carrington event. you can google it. all the radiation struck the earth with force of 100 million h-bombs. that is right. we only had telegraphs. we had horse and buggies. so it messed with the telegraph. when it happens again, now that we're, we have electrified, we have internet, the national academy of sciences warns that it will create trillions of dollars worth of damage. it will really wreak havoc on cities all over the planet. i worked that into the float of my novels, the null prophecy, because people are not aware of it. it is a very real danger. ashley: to be clear the solar eclipse today doesn't have anything to do with the massive flare from the corona? it is not cause and effect? >> correct, correct. what it does it reveals the corona, outer ring of the sun which is normally invisible because it is overpowered by the disk. when you see the solar corona, when you see the solar eclipse today, think of the corona, when that disaster may happen. no, have fun.
it will not cause that to happen. ashley: next one, michael, we'll move on from the solar eclipse. international scientists confirm last year was the hottest on record as we look at a giant iceberg. the amount of carbon dioxide in the atmosphere, the most, according to the scientists in nearly a million years. how do they measure a million years ago? michael, are you skeptical? >> i'm a scientist. so naturally i'm a trained a theoretical physicist. i've been covering the climate for many, many years. you have to be a little bit careful for a couple reasons of the climate is the most complicated system on earth to study. there are just hundreds, if not thousands of feedback cycles that are either negative or positive feedback cycles. even with supercomputers it is very difficult to figure out how they all work for and against each other. this report, for example, makes it clear that it is not just greenhouse gases that are to blame for increased warming but an el nino, unusually strong
el nino. we've been having unusually strong el ninos last couple years. the question is why. that may or may not have anything to do what we're doing. el ninos have been around forever. one needs to be careful. there are so many moving parts to this and also it is all become so politicized. as a scientist i really hate to see that. so there is a whole lot more to the story than just simply say that the year 2016 was warmest on record. you have to ask why is it the warmest year on record, and what are all the moving parts. even the question of how we measure temperature, whether it is on the ground, in the sea, in the air, through satellites, there is just a lot of complications. so i would really just be very careful about it. ashley: michael, you are just a fascinating guy to talk to whether about the sun, climate, whatever. thanks so much for joining us. i saw the bad man building behind you. i love nashville. >> it is the place to be we're
ground zero for the eclipse. ashley: the sun is shining right? go out and enjoy it. >> i have got my glasses. ashley: there you go. looking cool in nashville. michael, thank you so much. appreciate it. he is having fun, isn't he? liz: funny. ashley: one missouri lawmaker finally apologizing hoping that the president gets assassinated. you can't make this stuff. unfortunately it is true. we're all over it. ♪ hello, this is adt,
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up to it. and i am not ever going to make a mistake like that again, and i have learned my lesson. my judge and my jury is my lord, jesus christ. ashley: that was state senator maria schappell nadal guising for saying president trump should be assassinated. tammy bruce is here. should she resign? she is under pressure. >> this apology came with a lot of resistance, her being very bold, she certainly won't resign. after the lieutenant governor who is head of the senate there, if she does not resign we'll remove her, expel her from the senate. the governor supports that action. this will be a very important decision by the senate and i think, perhaps she believes this apology may mitigate that action. but many people think that it won't.
we'll see what happens with the missouri senate. ashley: we always ask this question, but i think it is pertinent and fair. what if it were a republican lawmaker back in the day saying i believe president obama should be assassinated? would the outcry be bigger? >> we've seen outcries be bigger about a whole bunch of things. ashley: sure. >> people are suggesting that we know, suggesting that the president be murdered is certainly a crime there. is presumption the secret service is acting on this and investigating. so, i think that there is arguments whether or not someone else if it was obama would already be in lockdown, but we'll find out. i think that we have these open discussions. there is universal condemnation of this. republicans and democrats. ashley: sure. >> i think she will be out of the senate whether she resigns. ashley: thank you, tammy. steve bannon, president trump's former recall former top political strategist will lean on congress to get the president's agenda passed heading back to "breitbart."
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♪ ashley: tell me why, tell me why indeed. take a look at the big board for you. the market off about 57 points. in fact it is 57 points. the dow at 21,616, just down a quarter of a percent. look at the big tech names, we like to keep tabs on them. facebook, amazon, microsoft, alphabet, apple, all those major big tech stocks moving lower in a lower market right now. now this. the author of president trump's best-selling book, "the art of the deal," says that trump will resign by the end of the year. katrina pierson, member of donald trump's 2020 advisory
board is here now. by the way, side note, the author of the book isn't a supporter of president trump in case you didn't get that. katrina, to me this is someone not a fan of president trump saying he will be out of there by the end of the year. your response? >> i think it is definitely safe to say he is not a fan but i will also say that the rumors of the president's demise have been greatly exaggerated. i will remind everyone since this man announced he was running for office back in june 2015 everyone, i mean everyone counted him out from day one. sad to say, this president bounces back from adversity, like you wouldn't even believe. i got to tell you, even today this president has been committed to putting americans first, and i think it is going to be extremely successful. i'm really excited we have president trump in the white house. we have a lot of great things to look forward to. ashley: katrina, someone we don't have in the white house
anymore, he's out. there are reports saying that he will work against members of president trump's cabinet. what do you say to that? >> well, i would say, it has been an interesting eight months. the president is building a team. we also have to remember that draining the swamp is not going to happen overnight, particularly when you have someone who is outside of the political class. that is going to be cutting off the gravy train. everyone will have to decide for themselves where they will be most effective. some people chose to go inside. some people are on the outside. this is great. if this is something steve bannon can do to help the president be successful, i'm all for it. ashley: do you think he will be a loyal soldier now that he is at "breitbart" and not inside the beltway? >> i think so. at the end of the day we're talking about again today. steve bannon himself said the again today is important. that is also important to know that the again today does not come from staff in the white house.
the agenda comes from congress. so it es extremely important that we focus on the republican leadership in order to send bills to the president's desk for him to sign. ashley: would you like mr. bannon to put pressure on paul ryan and mitch mcconnell? >> well i think everyone should. everyone that voted for president trump in this election really should be pressuring their members of congress, because they made promises. this was a swift election. no mistake what won in november t was very much pro-america agenda, putting taxes, the economy and obamacare at the top of the list. these are things important to voters out there in blue states and red. so everyone should be putting pressure on their members of congress to get the job done. ashley: katrina, finally we have been kind of bogged down in many other issues, not the pro-growth agenda. who or what is to blame for at that? >> well i think that is by design. i mean you have manufactured
outrage among the opposition. trying to suppress the other side. it is really getting extremely scary and dangerous when we have political leaders like nancy pelosi and others who are actually encouraging this type of suppression. but i think it is all by design to continue to resist this president. we do have a situation where president trump has some really great policies on the horizon that will actually benefit americans. he wants to cut off that gravy train to those members that have been in d.c. for a very long time. they don't want that. i suspect that fight to continue. at the end of the day americans can get the job done pressuring members to do what they said they were going to do. ashley: amen to that, katrina pierson, thanks for joining us today. >> great to be here. ashley: joining me now talking about all goes on in the white house, "mediabuzz" host howard kurtz is here. >> good morning. ashley: talk about steve bannon. do you think, according to some rumors he will work against donald trump? >> no.
i think that is media misconception. i know steve bannon. i know what motivates him. he may make life difficult for the trump white house now he is at "breitbart." he will continue the war he had when he was on the white house payroll against some of the people who he thinks are taking this presidency in the wrong direction. no secret they include jared kushner, they include gary cohn and others. i think we will sebright bart under bannon taking shots at those who both inside the white house, gop leadership on capitol hill, the media establishment, but not going after trump personally. they have a good relationship even though bannon was kind of forced out. he never thought he would last more than a year in the white house actually. ashley: okay, his ouster upset those in the alt-right, want to call them the alt-right, or more conservative who are upset. they say he was the one true conservative in the white house. now that he is out they're disappointed. >> this is what i find fascinating bit.
there is view bannon is very smart guy. maybe pushed or influenced president trump. the fact he was most successful on issues like aggressive trade policy, economic nationalism, and immigration where trump already agreed with him, had been talking about some of these issues for decades. i had on the london editor of "breitbart" on media buss yesterday. he said the website unbannon now back as executive chairman will be used as a weapon against the president's detractors, those that don't support this populist agenda. i said is that really journalism? >> a lot of media outlets are weaponnized. they don't admit it. "breitbart" is out front on it. ashley: it can be used to put a lot of uncomfortable heat on paul ryan and mitch mcconnell. >> absolutely. "breitbart" went after paul ryan before steve bannon joined the white house. we'll see a return to that. it will, bannon will make his presence felt now one of the most famous people on the planet. won't always be helpful to
trump. but certainly not going after donald trump personally. ashley: was "snl"'s depiction of the grim reaper, was that harsh? >> that was a tad harsh. the media never liked the guy. they depicted him as dark conspiratorial figure. had a good relationship with trump. echoed many themes that trump rap on. he wanted to raise taxes on rich and do other thing that the gop establishedment didn't agree with. on those points steve bannon didn't make much progress. ashley: final one, howie, treshre secretary steve mooch mooch that he resign over donald trump's charlottesville comments. i find it hard to believe i should defend this myself or the president. the president in no way, shape or form believes that neo-nazis and other hate groups that are for violence endorse violence
and equivalent to groups that demonstrate in peaceful and lawful ways. >> white house people distancing themselves from the president, privately appalled, shocked or numb, no names attached, people like gary cohn, steve mnuchin, people jewish work for this administration, some have come out publicly and said that they are not going to resign. they support the president. rather than sort of playing the washington game of privately dissing the boss without having your name attached. ashley: fascinating stuff. never a dull moment. never a dull day. howard kurtz, thanks very much. thanks for joining us, howie. >> thanks, ashley. ashley: former ceo jeff immelt reportedly close to becoming uber's new chief. is that right, emac? liz: he is in the front running according to rico kara swisher. well-respected in silicon valley. ashley: yeah. liz: the thing he could settle things down. they have morale problems. top executives have left the company.
travis kalanick has been a big fight with benchmark capital, a big investor there who was suing uber, conflict of interest allegations against kalanick in the lawsuit. he denies it. this paper valuation of nearly 70 billion, some on wall street are saying this could drop to 50 billion given severe problems at uber? is jeff immelt the guy? big guy, ge, industrialist, silicon valley start up maybe he could bring balance to the situation. ashley: a lot of people are expressing doubt, that he is wrong guy, bad fit but he does have executive experience at the very highest level? liz: right he can fix deepening morale problem and management crisis. ashley: emac, thank you very much. liz: sure. ashley: coming up, pope francis say migrants rights are more important than security concerns as spain reals from multiple attacks this weekend. we're all over that story.
♪ liz: doubts over the trump agenda has some investors worried that the record-setting market rally is at risk. last hour we spoke with keith fitz-gerald and asked him what he thinks. roll tape. >> like throwing spaghetti against the wall, see what sticks. even a broken clock is right twice a day. pessimists you have to be very, very dangerous in here. august notoriously choppy market anyway. biggest single challenge for most investors is not the market themselves. it is emotions. they see politics not working right. see the agenda at risk, tax cuts and all other things causes fear. that is where you get in trouble. look at where the money is moving, mergers and consolidation particular any in the energy business right now. what that tells me, saviest ceos in most beaten down sectors are still on the move, thinking about the future. that is what you want to be doing as an investor. you? hi, i'm calling about kohler's walk-in bath.
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ashley: wealth finish line, the apparel store, sports apparel, analyst cutting stock to neutral from buy. that is having a impact. 10.22 for finish line. we have breaking news for you. police in catalan spain shooting a man with a explosive vest. we'll monitor the situation. we'll have latest developments as they come in. continues to go on stories out of spain. one suspected terrorist
still on the run after the attacks in spain. ryan mauro, clarion project, who keeps track on all of this is here is talk to us. based on what we saw last week, ryan, a cell it was of a dozen maybe more. we don't know. spanish police are conducting raids. it is very, very disturbing this cell was able to operate and actually carry out an attack before they were discovered. >> what is even more disturbing how many years have gone by when we knew the extremist networks were building. the extremist networks may be non-violent but the violent actors come from them, because the inevitable result from raise call islamic think something radical behavior. we need a strategy where is the foreign money coming into the mosques? where are ideas coming in. these are not western ideas. they're coming from abroad. more often or not it cams back to a little country named qatar. i've been disappointing how the secretary of state handled the issue of qatar.
we had unprecedented opportunity where arab countries ganged up on this country. we had enough of this. ashley: no more funding of terrorism. >> secretary of state contradicted president, sided with qatar. they're working on it. they're making progress. no, we shouldn't be bullied by a little country. ashley: does it take a whole lot of money for a guy to rent a van and mow down pedestrians? >> takes a lot of money to and mind set to build that individual. more than a factory to get guns and explosives for attack. you have to manufacture the people that carry that out. ashley: that aches a while, you're essentially brainwashing these people. they may have anti-american feelings or anti-european or anti-any country that joins the coalition against isis. but a lot involved for someone to have the feelings and actually take action. >> it is much more complicated than simply a religious figure saying i think you should do a, b and c and someone does it.
when you look at what people say when they're wiretapped, look at the things they're studying, these are deeply theological, intellectual documents that are used. we hear this, how can you believe this or that, they have the same questions. the problem they're getting answered. we're not fighting that argument. the bad guys with the ones with all the money so their arguments are heard more and more. almost like rival political campaigns going on but inside is getting funded. ashley: we're seeing this continuing in europe. it has been all over the place, london, paris, berlin, barcelona and elsewhere in spain. so far i'm always, stuart and i, emac and i talk about this a lot, what is stopping someone driving down fifth avenue here in manhattan? we live in open society. there are big crowds. the tourist season. worries me if i stop to think about it too long. is it because our law enforcement is doing a good job or is it just a matter of time.
>> our law enforcement is skillful and when you talk to them, look at the size of the threat. people that understand the intelligence how is it it we're not getting attacked every other day. majority spiritually inclined say it is a miracle. the rest say it is luck. not often comes across, entire letter we're so good and we have this figured out. ashley: wow, that is bit disappointing to be honest with you. because they listen to chatter all the time. there was word the spanish authorities were given a warning ahead of this particular attack. even if you're given a warning, not told exactly where who, how can you stop isn't. >> right. ashley: that is the question, how do you stop isn't. >> there are basic tactical things you can do. has to be strategic level beating them overseas before the ideas and personnel come over here. that is why afghanistan is really important. you scared how bad things are, watch what happens if we lose afghanistan. this will look like the good ol' days. you have 20 plus terrorist groups operate there.
take a piece of that country. appears like we lost. when it appears like we lost, that vindicates radical islamic ideas. those people are in the middle, is this right way to look into the world? whoever beat the united states was blessed by god, blessed by allah, i am supposed to follow them. only takes a little bit of success on the enemy's side to breed a whole new generation of radicals. ashley: more depressed than i was going in. we know the keep of the problem. it will not be easy to combat this type of stuff. ryan, appreciate night thanks for having me. ashley: as we tell you the terror manhunt goes on in spain of the market down 30 points at 21,644. we'll be right back. most on these balloons. travel with my daughter. roller derby. ♪ now give up half of 'em. do i have to? this is a tough financial choice we could face when we retire.
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where you don't need an iphone to connect cellular network. they may offer 23 million customers free or discounted apple watch as a perk. we'll follow this story for you. congressman louie gohmert joined us last hour. he sounded off about the removal of confederate statues and monuments. watch. >> reaction to steve bannon. he is is out. >> despite all the knocks -- ashley: did you meet with him at all. numerous times. andrew breitbart introduced us years ago. ashley: okay. >> i known him since then. he is a strategist. he is a thinker. and certainly there were problems but they're going to miss his strategic thinking. too much of -- ashley: the administration up to this point has been very muddled. what did he provide when he was there? >> well, unfortunately been an administration that has been
totally at odds. there have been so much infighting within the administration, and, so, i don't know that you're going to sebright bart anymore strident than they had. now that steve is back at "breitbart" they will be much more folk cutsed where he was seeing the biggest problems. ashley: do you think he will continue to be, quote, unquote, a loyal solder to president trump? >> to president trump. not necessarily to people that are there. one of the first headlines you saw was talking about the problems with mcmaster. so, you see ail are of that flair up. ashley: going after paul ryan and mitch mcconnell, saying time for the gop leadership to kick it into high gear, lean on them. >> absolutely should but if you look back before the election, paul ryan and mitch mcconnell were totally opposed to the things that got donald trump elected. i told the president back in
june, you are being slow-walked. we are being slow-walked this is exactly what happened in 2005. dennis hastert and bill frist, you know, they were kind of okay with reforming social security, but they really didn't want the heavy lift. they slow-walked everything. we'll get into it by may. may, it is probably july, september. surely by the end of the year. we're working. we're working. ♪ ♪ the great beauty of owning a property is that you can create wealth through capital appreciation, and this has been denied to many south africans for generations. this is an opportunity to right that wrong.
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the growth agenda? we'll talk about that. steve bannon is out, and we have someone who says he could be a thorn in the side of the trump administration. we asked about the growth agenda, and this hour treasury secretary steve mnuchin and the senate majority leader, mitch mcconnell, talking tax reform and any positive news on that front could revive the trump rally. we're on it, and we're keeping our fingers crossed. i'm ashley webster. stuart is back tomorrow. the third hour of "varney & company" starts right now. ♪ ♪ ashley: freedom, indeed. let's check the big board more you. cutting back a little bit. i mean, it's all relative, isn't it? we were down 50 points, now off 20 points, a tenth of a percent on the dow. stocks coming off two straight
down weeks and starting off of this week lower. august so far is the worst month for the markets since january of 2016. that's not that long ago, is it? two years. let's bring in mike murphy, i notice you're wearing no socks with your shoes. [laughter] >> it's a monday in august. ashley: we know it's august, yes, indeed. very cool looking. what's happening in d.c.? are we finally seeing that impact on the markets? >> well, you have this slight pullback, right, but if you told me back in january, ash, that this is where we would be, that all drama would have come out of d.c., i would have told you for certain the markets would be off 10%, 15% from their highs. ashley: wow. >> instead we're sitting right at or near record all-time highs. my sense on that is that corporate earnings have been strong enough to support the market up here at these levels. it won't go up forever, but i think if we get some sort of a tax cut, that's the next push for the markets. ashley: what's interesting is we
saw recently that speculation, rumors that gary cohn was leaving, the market took a turn lower. >> did not like that. ashley: we hear steve bannon's out, markets go higher. is that the markets saying gary cohn's the guy to get at least tax reform and all of those pet projects, he has a better chance of getting it through? >> well, i think if you look at their resumés, gary cohn is very well respected by anybody in the investment community, and then you have steve bannon who is not, say. you know, different background. polarizing, maybe, could be a word. so i think bannon being out is a good thing to maybe quiet washington down a little bit, and losing gary cohn would be a bad, bad knock for the trump administration. i'm glad he's there. ashley: very quickly, michael, is every downturn a buying opportunity? what are you doing? are you just waiting it out? >> absolutely. although the market's up near all-time highs, you're seeing certain companies and certain sectors getting hit hard. i'm looking for pullbacks.
we talk about amazon a lot on this show. i don't own it currently, but amazon's about 10% off its recent highs. ashley: sound good to you? >> i wish i had an opportunity to buy amazon, maybe here's your opportunity. ashley: mike, stay right there, if you would. more for you coming up. our next guest has an op-ed on foxnews.com about steve bannon's departure. it's called bannon exits the white house, will former adviser wage war on trump's team from the outside? john fund, national review columnist, joins us now to talk about that article. so what's the answer to that question? does steve -- you believe that steve bannon is going to be a thorn in the side of the administration? >> well, you remember anthony scaramucci said she was a front stabber? [laughter] well, steve bannon is a howitzer-wielder against his enemies in the white house. he is not going to go gently into this good night, and we'll hear a lot from him. and i think donald trump, once again, will be very ambivalent about that. on the one hand, he won't like
people firing shots across the white house lawn. on the other hand, he loves, seems to relish chaos, and he seems the relish staff fighting and intrigue. i do think that there's been too much of it. we've had a very entertaining eight months, but tax reform, restructuring the state department, resolving immigration one way or the other, a lot of big ticket items not resolved. trade wars, you know, declared, not declared. i think regardless of what the outcome will be, i may like some of it, i may not like some of it -- ashley: right. >> we've got to get some of these issues resolved, otherwise the administration lookings completely becalmed. ashley: bannon is going to put a lot of heat on paul ryan and mitch mcconnell, and does that help get this thing going, or does that complicate it more? >> i think the fundamental mistake here is when you have a president who controls both houses of congress with his own party, ultimately the leadership has to come from the white house. the tax reform, for example,
ryan had his plan for months. mcconnell has a similar sketch out. trump has a few pages, an outline. but ultimately, he's going to have to push tax reform and, of course, ryan and mcconnell have to martial the troops, and they didn't do that with health care. ashley: no. >> but ultimately, any administration the leadership comes from the president. you can't wait for congress. ashley: which begs the question, can the white house work with congress to get this done? because there's been -- the relationship, not great right now. >> well, you know, they either hang together or separately. because if the republicans enter the next year, which is an election year, with no major piece of legislation passed -- ashley: right. >> -- it will be a devastating indictment of them. now, there's still good things happening on the regulatory front and other areas. ashley: sure, sure. >> but you have to get something done that you promised the american people. and in this case, the economy is going to start puttering if tax reform -- sputtering.
ashley: what does your gut tell you? are we going to get something through? we've got a deadline for insurers to submit their rates for the exchanges next year. that whole thing could collapse -- >> no, no, the insurance companies are going to get bailed out -- ashley: of course they are, but that's not great. >> no, no, of course, but that's the status quo. tax reform is about moving the ball guard. ashley: right. >> on tax reform here's the problem, the republicans have their own problems getting together, but the democratic left-wing groups like moveon.org have told every single democrat we don't care what's in the tax reform bill, if it cuts taxes on the rich or for other people, you must oppose it, or we will primary you. we are seeing a polarization we've never seen before. just like every single democrat voted against changing obamacare, every single democrat is going to be pressured to vote against any tax reform bill no matter what's in it. ashley: where does that leave us? >> that means the republicans have to literally craft a bill
that takes 95% plus of republicans along with it because they're not going to be able to count on any democratic votes, and that's bad for the country. ashley: it seems to me the only thing, to your point, it's going to be watered down. tax reform is not going to be tax reform. watered-down tax cuts, maybe, can get through? >> corporate tax cuts, expensing, a few things like that, but dramatically rewriting the tax code which is what it really needs, i'm afraid reagan was able to pull that off 30 years ago, the political climate today is not favorable. ashley: i'm not encouraged, john, but i think you're right unfortunately. it's very disheartening. anyway, we'll keep the faith. thank you so much for being here, appreciate it. mike murphy still wuss, still not -- still with us, still not wearing any stocks. seven signs the stock market is ready to run smack into a wall. here's another one, stock market's record-setting rally at risk as doubts grow over trump agenda.
all sorts of woe. and they point to small caps, transports, you know, the transportation stocks which is always a sign of the health of the economy, they're stalled. anywhere you look the signs, the omens are bad. i'm not so sure. what do you think? >> well, we will have some sort of a pullback at some point in the markets, but these headlines read really well, but the time you're going to get a major crash is what people want to avoid, those major crashes. it's not when everyone's talking about them. when everyone's talking about a pullback, generally the market will climb that wall of worry. ashley: right. >> it's an old, overused thing, but that's what happens. when those headlines come in and say buy everything, just buy the market, mortgage your house, borrow money, you need to buy the market, it's never gipg to stop going higher, that's when i believe you have the real negatives about to come at us. ashley: we just heard from john saying it would be very difficult to get the kind of tax reform we saw under ronald reagan through, pretty unlikely.
what does that do to the market when investors realize this isn't the agenda we thought was going to happen? >> reagan won 48 states in his second term, and it took him two and a half years of his second term to get tax reform done. ashley: right. >> so i think we're in a different president at this point in time when you compare trump to a reagan. i don't think we're really looking at tax reform as much as tax cuts. you can't really -- tax reform would be better, but tax cuts are going to be a major help or something about the cash coming back into this country, some sort of repatriation type vehicle would be helpful. ashley: right. >> any sort of tax cut helps the markets, helps small businesses. ashley: amen to that. mike, thank you. let's take a quick check of oil more you. it's been in the same range for a while. just down 1.5% at 47.82. of course, we always get the inventories every wednesday. we love reporting those. >> yes, we do. [laughter] ashley: here is a look at gas,
$2.33 per gallon of regular, down slightly. not bad, you know, the busy driving season. 2.33, the average. still close to $2 in some parts of the country. we have got a jam-packed hour ahead. steve mnuchin and mitch mcconnell, well, they're in louisville, kentucky, talking tax reform. question is, can they actually get it done despite all of the distractions? we'll see. and president trump back to work at the white house. he'll be making a big announcement on afghanistan tonight, but what about that growth agenda? we'll handicap it all more you. but now a quick check of the big board. the markets right now meandering is the word i'm going with, down about 23 points. no big deal, just kind of slowly stepping into the new trading week. the dow at 21,651. we'll be right back. more "varney" after this. ♪ ♪ don't let dust and allergens get between you and life's beautiful moments. flonase outperforms the #1 non-drowsy allergy pill.
ashley: now this, senate majority leader mitch mcconnell and treasury secretary steve mnuchin in louisville, kentucky, today talking tax reform. joining us now, herb london, center of the london center -- president of the london center for policy research. should we get excited about this? i dare say is this the agenda getting back on track just because these two individuals are hanging out together in kentucky? >> i certainly hope so. ashley: yes, i do too. >> one of the problems are all of the distractions that have afflicted the white house. the consequence, of course, is that the president isn't focused on what he should be. he should be focused on this tax reform agenda, and if he provides the leadership, then the house and the senate will act accordingly. it's largely the kind of initiative that comes from the white house. ashley: steve bannon heading out the door, is that positive for the growth agenda? i mean, what impact does that have -- >> well, one of the things that's true about steve, steve is a big thinker, and he's a kind of nationalist, and there's no question in my mind that what
he will do is he will try to enhance the original trump agenda as he envisions it. and, therefore, i think he will put pressure on the white house. how trump responds is not at all clear. i think trump will be somewhat equivocal, on the one hand probably not so happy about these shots across the bow. but on the other hand, i think he probably will say, you know, something that's consistent with the old trump agenda. ashley: another one for you, herb, there are only 12 days in september where both the house and the senate are in session. going to have you handicap it for us. are they going to be able to get it all done? what's your thought she is. >> i've been on this program before and i've said they have to do it, and i'm not convinced they will do it. my view has changed largely because what you have here is a senate and a house that seemingly are incapable of producing the kind of results that you would like to see. i am very disappointed. disappointed in the republican party, disappointed in the
leadership that they're getting from the white house. so if i had to in some way put a percentage on this, i'd say maybe a 10-15% -- ashley: yikes. >> -- chance that this gets passed. ashley: last one for you, herb, president trump as we know will give a nationally-televised address tonight on his strategy for war in afghanistan. does that distract from the growth agenda at a all? >> well, i think it will force the white house into a position where it starts thinking through national security on a whole variety of issues. it should not have any effect on domestic policy, but it may. it's very difficult to say. the one thing, of course, is that the president will say, one, we're going to deploy more troops. two, we're going to pull out and maybe maintain some sort of air cover in afghanistan. or, three, the maintenance of the status quo, a little bit but not too much. i think that is very difficult to say where the president is going, but if he is going to talk about a major commitment of american forces, that will shake up the congress a good deal. ashley: it will.
do you think president trump is learning from his experiences? some people say he has his own thoughts and regardless will move forward. you know, to get congress on the same page and to get this agenda through, as much as i hate to say it, it does take a little political savvy, correct? does he have any at point, or is he not relying on the people around him who do? >> it's difficult to say. on the basis of the events that took place in charlottesville, i would say the president a acted in a rather mal adroit way. it led to an awful lot of anti-trump sentiment among his own republican colleagues. by and large, it was not handled very effectively. ashley: herb london, thank you very much for being here. appreciate your time. by the way, fox business network will carry the president's afghanistan address live. special coverage starts tonight at 8 p.m. eastern, so tune in for that. all right, now check this out.
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>> hour? ashley: per hour, i say. [laughter] in lost productivity. that's march madness, indeed. speaking of the eclipse, nasa has big plans for today. nasa-tv will carry it live from coast to coast, the agency says it will offer unique vantage points from the ground and aircraft and spacecraft including the international space station. if you forgot to get your powerball ticket this weekend, there was no grand prize winner in saturday night's drawing. right now it's at $650 million, the third largest in u.s. history. but before you get too excited, remember the odds of winning the giant prize are 1 in 292 million. a former lottery computer programmer improved those odds, and now he's facing up to 25 years in prison. he ran a scheme that allowed him to collect $2 million in lottery winnings in four states. his name is eddie tipton. he admitted writing code that allowed him to the to predict winners, and he manipulated
lottery computers to win lottery games. someone surely would have been suspicious. he's scheduled to be sentenced tomorrow. the game is up. and if you have nearly $200 million to spend if you win the lottery, for example, i have the house for you. a massive 20,000-square-foot home in the hamptons has hit the market for a mere $175 million. it's the most expensive in new york state. the current owner reportedly portfolio manager brenda earl, but it was originally built for the ford family. yes, we're talking about the car company. the house has 12 bedrooms, basketball and tennis courts with a 60-foot swimming pool and a garage that can fit more than six cars. it sits on more than 40 acres of land. it's huge, i'm telling you. it also has a quarter mile of beachfront property, oh, by the way, with unobstructed views of the atlantic ocean. enjoy playing the lottery. and by the way, the iconic big ben bell in london going silent. i can't believe it. renovations are being done at
the famous clock tower, and while big ben will no longer regularly ring at noon, the bell will still ring for important events such as new year's eve celebrations. those renovations, by the way, expected to last a huge four years. >> wow. ashley: all the tea breaks the workers take. big tech names we check every day, nike downgraded by jeffrey's -- let's take a look at the big tech first, perhaps off the lows of the session. still, nevertheless, all moving lower. as i mentioned, nike also moving a little lower on a downgrade by jeffrey's on increased competition. tata's down 2.5%. alibaba hitting a record high after barclays raised its price tart on the stock, that always helps. foot locker touching a three-plus year low after multiple downgrades, that stock down more than 4% at 32 .86. that said, let's take a look at the big board for you. the market right now back to
almost flat from where we began almost two hours ago. we'll be right back with more "varney." copd makes it hard to breathe. so to breathe better, i go with anoro. ♪go your own way copd tries to say, "go this way." i say, "i'll go my own way" with anoro. ♪go your own way once-daily anoro contains two medicines called bronchodilators, that work together to significantly improve lung function all day and all night. anoro is not for asthma . it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. these may worsen with anoro. call your doctor if you have
reporting that he was shot and killed. he's 22. he was the one who drove that van that killed 13 and wounded more than 120. there has been an international manhunt for him. he was apparently wearing an explosive vest. but, again, the police are not confirming it is him. this -- police operation is underway 28 miles west of barcelona. ashley: all right. we'll stick with it, as they say. e. mac, thank you very much. >> sure. ashley: let's check the big board for you. we were down more than 50 points after the market opened, but now we've clawed our way back, just slightly lower, down about five points at 21,670 on the dow. shows that perhaps about average amount, about the same amount of stocks that are up and down, perhaps a little more on the upside. just wanted to tell you also about china auto giant great wall motors expressing interest in buying fiat chrysler's jeep, a true american icon, of course. we've talked about this story.
fiat chrysler shares up 7% at 1351, so we'll keep an eyen that story as well. back to politics. treasury secretary steve mnuchin and senate majority leader mitch mcconnell are in kentucky talking tax reform. our fox news producer for capitol hill, if chad doesn't know about it, it's not happening, that's all i can say. thanks always for the wealth of information you provide all of us on a daily basis. my question to you is, is the white house still confident they can get tax reform and everything else done this fall? >> well, the white house is expressing confidence, but there's a couple of operational problems. first of all, there's an issue of distraction. the consensus among republicans on capitol hill both in the house and the senate is that charlottesville is a big distraction. they are trying to get focused back on tax reform. house speaker paul ryan has two events later this week, one in everett, washington, with
boeing, another with intel in oregon to talk about tax reform. he just put out a statement just a little bit ago, even though charlottesville is more than a week ago which were some of the speaker's strongest words about what happened in charlottesville, saying that there was no moral equivalency. he called things repugnant, said we have to get away from this bigotry and condemn that what the speaker is trying to do is calm those waters down so they can focus back on the agenda. there's going to be a conference call between house republicans and the leadership at 2:00 eastern today. this is the first time that everyone has talked since the august recess began. and some people might say, well, wait a minute, this comes in the middle of the eclipse. some of that might be by design, frankly, maybe limiting who might participate in this call to talk about the fall agenda. but they're not going to be able to get tax reform done if they can't move a budget. now, you might ask what does that have to do with tax reform. in order to sidestep a filibuster in the senate, you need 60 votes in the senate, you
have to use budget reconciliation which is this special process which limits debate, limits amendments, turns off filibusters. the house of representatives -- and, for that matter, the senate -- have not adopted a budget. you don't have that parliamentary option available budget reconciliation which is essential to move tax reform, and that's a problem. ashley: this is day one without steve bannon as a part of the administration. there are beliefs that he's going to put a lot of heat on paul ryan, mitch mcconnell to get things going. can he be effective as an outside agitator on the president's agendasome. >> well, absolutely. i mean, if he's going back to breitbart, you know, they were a thorn in paul ryan's side when he became the speaker. they were aligned closely with the freedom caucus which deposed john barren, the former house speaker -- john boehner, the former house speaker, a couple of years ago. and there's another big issue, they have to fund the government and they also have to raise the debt ceiling. steve mnuchin has said they have
to do that by the 29th of september, the government funding deadline is september 30th. conservatives are going to be watching very carefully here to see what they do. do they just do an interim spending bill? what do they do here to move this. and the problem is that that was the type of modus operandi that was employed by john boehner, the former house speaker. they need democratic votes to move both of those pieces of legislation. why? because republicans together -- even though they have the majorities in both the house and the senate -- they're not coalescing around the idea to just raise the debt ceiling or fund the government. they need democratic votes, and there's a very new dynamic that is emerging here an cop toll hill -- capitol hill, and it goes back to charlottesville. house minority leader nancy pelosi, she has indicated that she supports this idea of censuring the president, a form oaf discipline, a form to of rebuke. this was a resolution that was sponsored by jerry nadler are, democrat of new york, and bonnie watson coleman, democrat of new jersey.
if you need democratic votes just to keep the government open and you need democratic votes to raise the debt ceiling, they're going to try to extract at the very least some sort of a fig leaf out of republicans, and there's probably going to be some republicans who think the president needs to be rebuked too. and right behind me here in statuary hall in the capitol is one of the statues that they've talked about as well which might play into this, it's of jefferson davis who, of course, was the president of the confederacy. you can see that right over my right shoulder here. alexander hamilton stevens, he was the vice president of the confederacy, his statue is over that direction. some democrats in congress are going to try to tie that to remove some of these statues. so you see how charlottesville here is very easily disrupting the republican agenda in september. ashley: exactly right, chad. great information, as always. thank you so much. appreciate it. >> anytime. ashley: want to get now to general jack keane, if we can. and i want to begin with afghanistan purely because
that's what we're going to hear about with president trump tonight, general. what are you hoping to hear from president trump with regard to the ongoing, long-lasting war in afghanistan? >> well, one of the reasons why we're 16 years at war with no definable outcome is the fact that two presidents have never made the political and moral commitment to an enduring victory by providing the required resources. so, number one, i think if the president is going to commit to this, he has to put his political capital on the line. he has to convince the american people that this is in our national interests. that's clearly job one. number two, what's the strategy going forward? this is much more than just more troops. how are we really going to deal with realities taking place in afghanistan, the fact that pakistan is supporting the afghan taliban -- ashley: right. >> -- has always been a problem for us. and then finally, what are the resources that he believes are necessary to turn this around.
ashley: is there an end to this, general? at what point do we say, okay, you know, i know we train and work with the local afghan forces. i mean, at some point do you just say, okay, we've come as far as we can, and as soon as we leave the taliban moves in and takes over again? >> well, be that's what we want -- if that's what we want, then let's throw the towel in and walk away -- ashley: what i'm saying is do we need a permanent presence there? >> i think he's going to -- he clearly will not put an end state on it, because i don't think we have one. ashley: right. >> we have to make that commitment. we've never been willing to truly make that kind of commitment. insurgencies are are overwhelmingly defeated by host country governments. that is the nature of this kind of war, because the insurgents usually run out of ours resources faster -- out of resources faster than the government does. there's always legitimate grievances against the government or else there wouldn't be an insurgency. in this case we have a national interest because international
terrorists fall in on afghanistan, threaten europe and threaten ourselves. i think that really is the issue the president's facing. ashley: next one for you, general, and this is an ongoing issue. the navy's top officer is ordering an investigation into the performance of america's pacific-based seventh fleet. this comes, of course, after the uss john k. -- s. mccain was involved in a collision. why do these kinds of incidents keep happening? what's going on? >> first of all, they should not happen given the technology that's onboard these ships. there is absolutely no excuse for two ships coming together regardless of what may be reckless behavior on the part of another ship. we have the technology to avoid collision. so what is happening here? likely some kind of human dimension is at play here, and the chief of naval operations -- translation, head of the navy -- he's doing an overall study to try the get at it. i do know this, and i have my
suspicions, we have an increase in aviation accidents, and most of us believe because we're not giving our pilots the required number of flying hours to stay proficient. there may be something that's going on inside the navy in terms of deployments are longer than they normally are, and they may not be as prepared as they have been in the past. i'm only speculating, but there's something that's happening here that that clearly is not right. ashley: colonel ralph peters earlier said exactly the same thing, he believes the training from the naval side may not be adequate. >> yeah. and, see, we've cut so much back on our resources, ashley -- ashley: yes. >> that really is the issue. all training days cost money. flying hours cost money. and the services have had to cut back on it not just a little bit, but quite dramatically. so, and every one of them has complained to the congress about the lack of readiness in all four services. ashley: yeah. very disturbing. general jack keane, as always, great information. thank you for joining us. >> yeah. good talking to you, ashley. ashley: coming up, the
university of texas removing confederate monuments on campus, calling them symbols of modern white supremacy and neo-naziism. plus, missouri state senator maria chapelle nadal finally afollow eyeing for -- apologizing for saying she hopes the president gets assassinated. our next guest says it's too little, too late. stay right there, more "varney & company" after this. ♪ so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed
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♪ >> i'm nicole petallides with your fox business brief. taking a look at starbucks today. in fact, we're looking at starbucks because the mobile orders have been on the rise. in fact, the mobile order and pay feature has now risen about 9%, 9% of the customers are using the mobile orders. also nearly a third of starbucks' orders were paid via the phone app, and that even outpaces what people with apple ipay use for the iphone. the lukewarm response for starbucks' stock, it's been down about 18% over the last couple of months, the analysts are concerned that growth has slowed some. those same-store sales have outpaced most of the restaurant category. one analyst over at bernstein,
this is so pretty chasm this is being driven by forces of evil that are beyond what normal people can think about. how do you have instances of people with kkk shirts and black lives matter, you know, getting off the same bus? ashley: that was texas congressman louie gohmert talking about the university of texas removing confederate monuments overnight. it is just the latest institution to remove monuments in the wake of the charlottesville rally and violence. joining us now to talk about this, fox news contributor kevin jackson. kevin, what's your thought on this? i was struck by what charles barkley said the other day. it was kind of a flip, throwaway -- he says i haven't given a second thought to monuments. are we making too much of this, or is a valid, you know, we live in a time now where those thoughts and those ideals have long gone? >> well, barkley nailed it again, and it cracks me up what louie gohmert said which i was
thinking it was a kinder, gentler kkk and black lives matter, by -- apparently. as far as barkley's concerned, he nails it. i've been saying the same thing, you know? i drove to the studio. i don't know how many confederate monuments i passed, but i was really aa grade to get here because i might actually pass an old confederate or civil rights, civil war monument that has no impact on me whatsoever. it's ridiculous that they are painting black people as too weak to where we can't handle the history of this nation. and i find it, quite frankly, laughable that the democrats think they're going to get away with this. sure, whitewash history for a while, and what's eventually going to happen is it's going to spin in on them. i say next why don't they get rid of the lbj library at the university of texas, because he was a vile racist who said he would have black people voting democrat in the next hundred years, and he essentially derided our race, the black race, for decades.
so where does it endsome. ashley: i know. i just was looking at one of signs as that monument was being pulled down where it says cops and klan go hand in hand. i mean, really? >> yeah, it's, again, another false narrative where the police are meant to be the bad guys -- ashley: right. >> and it completely deflects, ashley, from what's really going on in society which is -- and i hate to make in this overly political, but the democrats have created an ecosystem where blacks have self-segregated back into neighborhoods, listening only to black music, watching black tv, listening to black radio. we've become ethnocentric racists in this country, and our crime rate is through the roof. our teenage pregnancy, the dropout rates, you name it. if there's a problem in america, as i used to say when america gets a cold, black america catches pneumonia. and so you got this situation in america where blacks, we're hurting ourselves, and is we want to blame cops, or we want
to blame confederate statues or the tea party or republicans or conservatives when, in fact, we should be looking internal. ashley: very interesting. another one for you, kevin. a missouri state senator, i know you've been following this story, maria chapelle nadal apologizing for a facebook post in which she says she hopes president trump is assassinated. is this apolly enough in your mind? >> yeah, ma call the is my -- nadal is my former state senator, and the short answer is no. she's a race pimp, is what she is. the funny thing about this, ashley, is nadal was living on the muscle memory of barack obama in the time frame where you could say things like this and probably get away with it. but ask yourself and the audience this question: could we have said something like this about obama? the answer is no, nor should we be able to. is she's effectively a person in power who might very well spend time with president who's asking for him to be assassinated. and she thinks that's okay. and her original apology was not
even an apology. she was asked point-blank do you take it back. she says, no, i don't. now that the i lieutenant governor, the highest ranking democrat in missouri, has gotten on her case and claire mccaskill and others have effectively abandoned her, she's found out that's not going to fly. so now she issues her real, heartfelt apology. she needs to resign, end of story. ashley: you said just as it is, straight and to the point. kevin jackson, thank for joining us. we appreciate it. >> my pleasure, ashley. ashley: check the big board more you. we've been down, but look at this. we've turned it around. we've worked hard, 'em mac and i -- [laughter] 21,684, so we've with actually turned what was a loss down more than 50 points at one point, now we're trending positive. how about that? how about the cost of gold? up $4. closing in on $1300 per troy ounce, not quite. again, that is a bit of a safe play, is it not? lululemon rising today after
getting an upgrade from bank of america. that always helps, up 2.5%. ulta beauty salons down after its price target was cut, down 3.5%. well, counting down, of course, to the first full solar eclipse in the u.s. in nearly four decades. one of the best places to watch is carbondale, illinois. 50,000 people flocking there to watch it happen including our very own jeff flock. he joins us next. stay with us. ♪ pleasure. ♪ ♪ potsch: you each drive a ford pickup, right? (in unison) russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless.
including depreciation. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™. liberty mutual insurance. ashley: we're getting closer to the start of the full solar eclipse, and the excitement really building in towns right along the full eclipse's path. jeff flock joins us live from one of those towns, carbondale, illinois. jeff? >> reporter: oh, it's a hot one today, ashley. that's perfect, because the sun's beating right down on us. we're going to have 14,000 people or more inside this stadium. as you can see, we're also going to have all sorts of people outside as well. i'm sweating like crazy out here. there are people with telescopes, maybe you see. i don't know, can you see?
there are people setting up their wonderful telescopes. this fellow here knows about tv too, don't you? yeah, there you go. [laughter] i've got to show you something else. this is just an amazing carnival-like experience. this guy over here, this is chris olson. look at this. this is the first in the u.s., i believe, the first solar camera that was designed so they could photograph an eclipse, and that took place, chris, when? back in the 1800s? >> yeah, about 1860. this camera itself was built in england -- not this one, it was a replica of something built in 1857. >> reporter: people have been fascinated with the eclipse for -- >> centuries. they found them dating back well past the beginning of the common era. so -- jr. wow, interesting. thank you so much for sharing that with us. everybody exciting here. people have their eclipse, i think one is the sun and one is the moon? >> we made these. >> reporter: you made these? today i'm just the sun.
>> and he is just the moon. >> i'm the moon, and i rotate around -- [laughter] >> reporter: yeah, i know how that works. good luck to you, buddy. i hope you don't go out of orbit. there you go, ashley, it is quite a situation here. ashley: it is, indeed, jeff. just don't look at the sun. i love the whole thing. jeff flock, great stuff, as always. and while a lot of people are excited about the eclipse, some in california are concern concerned about the impact it may have on all that solar power. >> 40% of california's power comes from solar energy, now they're going to have to go to regular old coal-fired electricity -- [laughter] you know, the greenies out there may have a fit. the loss of power in 12 states according to "forbes" magazine from the solar eclipse will equal 15 power plants, so parts of 12 states will be temporarily darkened. ashley: is that right. even though the darkness lasts for just a couple of minutes? >> that is correct.
70 mile wide swath through these states -- ashley: it starts in oregon, goes all the way through nashville, all the way off to south carolina. >> that's correct. and "forbes" says 15 power plants equal to that. ashley: there it is. >> and in california enough to power six million homes. that's how much energy was lost in that temporary span of time. ashley: there you go. part of the problem with going solar. [laughter] e. mac, thank you very much. more "varney" after this. especially for my precious new grandchild. it's whooping cough. every family member, including those around new babies, should talk to their doctor or pharmacist about getting vaccinated.
...nausea, heartburn, indigestion, upset stomach, diarrhea! nausea, heartburn, indigestion, upset stomach, diarrhea! here's pepto bismol! ah. nausea, heartburn, indigestion, upset stomach, diarrhea. ashley: appears even the financial markets are waiting for the solar eclipse as we're waiting for moon to come over the sun, emac this is what i call the sell lease teal woodstock. liz: celestial woodstock. i love it. ashley: that just popped into my head. >> are you going to look at it? ashley: the doc bought in a couple glasses and took them away. they are a hot commodity.
liz: neil cavuto will probably wear those. ashley: you know who is somewhere on cape cod wearing his 3-d glasses, stuart varney. total eclipse of start varney. we're getting silly. to our good friend, haven't seen for ages, great to see him, neil cavuto. neil: just catching images of stuart varney, by the way. he is at a clothing-optional beach. which i understand. oh, man. thank you very, very much. ashley: thank you. neil: we are keeping an eye on all of this. i do want to thank my buddies connell mcshane, david asman, maria bartiromo, gerri willis, filling in when i was out. nothing says love spending a couple hours subbing on a show you don't even do like that. so i want to thank them. we're also getting ready to hear from the president of the united states later on tonight addressing the nation on beefing up, we're told our troop commitment in afghanistan. remember the president already mm