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tv   Varney Company  FOX Business  July 20, 2018 9:00am-12:00pm EDT

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no? whew. dagen: thanks, all. christina's on gutfeld this weekend, i promised to mention it. varney, take it away. stuart: microsoft clearly the stock of the day, it's going straight up. we'll get to the football numbers later -- financial numbs later, but microsoft is a remarkable turn-around story. in a couple of years it's gone from a declining giant to a sharp-edged growth stock. it is worth $800 billion and still growing. take a look at ge, a giant for generations but now in abject decline. its financial report just released, the new chief has a turn-around man but weakness in power, renewable energy, that
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offset gains in aviation, gas and health care. the stock is down premarket. not much turn around yet. overall this friday morning the dow will be down triple digits. that's because largely of a tweet just sent out by president trump. china, the european union and others have been manipulating their currencies and interest rates lower wheel the u.s. is raising -- while the u.s. is raising rates. as usual, not a level playing field. that's not going down well with investors. the dow will open down 100. politics, today alexandria ocasio-cortez will team up with bernie sanders in kansas. she's a socialist. she is a new star of the democrat party, but now some democrats are beginning dog question whether a socialist should play such a big role in the party. four months to the election. mainstream caves to extremism.
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i'll call abc's the view a mainstream program, but fox news' jeanine pirro was told to get the f out of the building. you'll see it. friday, july 20th. "varney & company" is about to begin. ♪ >> you know what's horrible? when the president of the united states whips up people to beat the hell out of people. say good-bye. i'm done. [cheers and applause] >> i felt like i was less than dirt. i couldn't believe that i went there to have a conversation, i got thrown off the set, thrown out of the building, and as i walked away, she's yelling at me get the f out of this building. stuart: okay. i'm sure you saw that, judge jeanine pirro tangling with whoopi goldberg on the view. the two continued arguing, and she was told get the f out of
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the building. joining us now, mike huckabee, former republican governor of arkansas. governor, i say this is extremism invading main street, if you can call the view mainstream. what say you? >> well, i say it's a lot like you treated me last time i was on your show when you said the exact same thing to me, stuart. stuart: what? [laughter] >> why you would never do that? in all seriousness, because you are something that apparently was not exhibited on that show yesterday, it's called manners. if you invite someone to your home whether it's a television set or it is your physical home, you treat your guest with some sense of dignity and respect, or if you can't, don't invite them. show them some hospitality. that was not done yesterday. some people will say that was good tv. , no it wasn't.
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it does not add to the kind of discourse that we need in this country today. stuart: governor, you and i i have talked about this before and i'm going to talk about it again, that is trump or derangement syndrome writ large, and i don't think america likes it. i don't think it works in face-to-face of the left -- in favor of the left electorally. >> can you think of to one trump supporter in the entire country who having watched some tirade like that says, you know, maybe i shouldn't support donald trump? be i mean, nobody thinks like that. it kind of gives people a new sense of resolve, i'm not going to be intimidated, solve shoved to the side because of my political views. when with i watch this stuff, i realize what you just said, trump derangement syndrome, it's like these people haven't slept since the election. they're irrational, they're hysterical, they no longer have the capacity to have a
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thoughtful, calm discussion with vigorous disagreement, but it's just yelling, screaming, cursing and saying the most really outrageous things that have of no basis in fact. stuart: governor, you're a classy guy, so stay there, please. i want a little bit more of you later in the block. i've got to turn to your money. [laughter] look at this, we're down. that that's how the market's going to open today in large part because of a tweet from president trump complaining about interest rates and the strong dollar. look at microsoft again, please. its cloud business doing extremely well. the stock is going to be up about, what, 3.5% at the opening bell. susan lee is with us, i call this a turn-around story -- >> absolutely. yeah, the stock has tripled since the ceo took over in 2014 -- >> don't you love it? is. >> you like it. you're still not going to retire, but we are up 40% in the
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past year for microsoft, and the earnings kind of proved it, beating on earnings, on revenue and then on the call that guide far above what analyst ares expected. it's all the clouds right now, and when you see revenue go to 89%, that's actually a disappointment, believe it or not, because they were trailing and going at a 90% -- pc sales were up in the quarter, and they've been promoting a lot of the tablet sales and surfaces, you're happy. stuart: see this smile? >> i see it. >> we going to do an hour special now on microsoft? stuart: no, we're not. i'm a very happy guy. happy birthday, ashley. >> happy birthday! >> thank you very much. thank you. stuart: no more. we've got to get back to that presidential tweet. that really did upset the market this morning. china, the european union and others have been manipulating
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their currencies and interest rates lower while the u.s. raising rates while the dollar gets stronger and stronger with each passing day, taking away our big competitive advantage. as usual, not a leveling playing field. that -- not a level playing field. that did send the market down moments ago, down 132 points. market watcher dan morgan is here. what -- you heard the between, you saw the tweet, what's your action to it, and -- reaction to it, and why is the market selling off? >> good morning, stuart. i think what it kind of brings back is the pendulum kind of got away in terms of focusing on earnings. everybody was worried about the tariffs and what china may do to retaliate against what president trump has done with some of these tariff ares he's put on different products, so i think this twitter or comment kind of brings back those fierce again that now -- fears again that now we have to focus back on concerns on what's going on with china, and now he's made this
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comment about devaluing the currency and how's it going to impact sales growth here -- stuart: isn't there some concern that he's going to pressure the fed and jawbone the dollar and interest rates which may or may not be the historical role to have president, but that's what he's doing and that's what he does, and maybe that's what concerns investors. >> stuart, if you look at the bond market, it's telling you that future rate increases by the federal reserve is going to lead to slower economic growth. look at the shape between the two-year and the ten year. the spread is as narrow as it's ever been. the smart money is saying, well, this is what the fed is doing can, and we don't agree with it. whatever your opinions on president trump, i think he's kind of voicing that discrepancy that's going on right now between what the bond market is saying and what the fed is doing. stuart: is that enough to hold the market back?
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you know, hold on a second. just hold on a second. i've got a second part of the tweet which just came out. i'm just seeing this for the first time. here it is. the united states should not be penalized because we are doing so well. tightening now hurts all that we have done. the u.s. should be allow to recapture what was lost due to illegal currency manipulation and bad trade deals. debt coming due and we are raising rates. really? question mark. that upsets the market, doesn't it? >> right. that's a big statement, stuart. of there's a lot of moving parts to that picture. obviously, he's voicing this kind of emotional component in regards to the federal reserve. we know that powell was in front of the senate, he gave his testimony, they shrugged off the tariff news, we're moving forward. we've got about an 80% chance we're going to see a rate increase in the fall. you've got the ten-year at a
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2.8, there's just not a lot of spread there. again, just voicing those concerns, obviously, he wants to keep this economic cycle going that began in march of 2009 -- stuart: sure. i'm actually surprised that the market didn't react more favorably. dan morgan, i'm moving on. thanks for joining us. >> thank you, stuart. stuart: moving back to poll politics, governor huckabee still with us. i think some democrats are getting tired of this. they don't want her and bernie to be the stars of the party. >> well, i do. i want them to continue to be the stars of the party. their new slogan is going to be if you're tired of winning, vote democrat. [laughter] this is just an amazing thing that these two people are the voices of the democratic message right now. if you thought america could be great again, look at venezuela. let us be elected, and we'll
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turn her or into venezuela. my gosh, socialism has never failed so vividly as it has in the modern times, and yet these guys come out this and say that's what america needs. stuart: we needed you on a friday morning to inject a little humor and class there, governor. we so deeply appreciate it. thank you, sir. >> thank you. stuart: take another look at the futures now that we've got all of the presidential tweet out there. we're down about 130 points. couple of things to check out, air bus showing off a new cargo plane, they're going to use it to carry extra large cargo, maybe jet wings or a fuselage. goes into regular service sometime next year. you'll love this one, butchers in france are under attack by militant the vegans or who are vandalizing their stores and harassing them. it's gotten so bad, they're asking the government for
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protection. president trump says he's planning another meeting with putin, this time at the white house. that's not sitting well with some people, including a few members of my production team. wehi will discuss and we will be back. i want to keep you know, stacking up the memories and the miles and the years. he's gonna get mine -but i'm gonna get a new one. -oh yeah when it's time for your old chevy truck to become their new chevy truck, there's truck month. get 18% of msrp cash back on all silverado 1500 crew cab lt pickups when you finance with gm financial. that's $9,000 on this silverado. plus, during truck month make no monthly payments for 90 days.
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stuart: what is this, tweet friday? here's another one from the president. here it is. farm possessor have been on an -- farmers have been on a downward trend. a big reason is bad, quote terrible, trade deals with other countries. they put on massive tariffs and barriers, canada charges 275% on dairy. farmers will win. we'll analyze that shortly. next case, facebook. their chief, mark zuckerberg, he got into a mess trying the to define his position on the holocaust. joining us, rabbi abraham cooper, associate dean on the simon wiesenthal center. sir, you've worked with
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facebook, but you feel strongly facebook isn't going far enough to ban this kind of content. make your case, rabbi. >> thank you, stuart. well, we've been talking to facebook about this issue for nearly a decade now. we meet regularly with them. and, in fact, we actually got facebook to remove holocaust denial material if it's posted by state actors hike are iran and -- like iran and other groups that are clearly anti-semitic and sometimes terroristic in nature. but, you know, with all this talk about fake news, this is the original big lie in fake news. the holocaust is the most documented mass atrocity in the history of our planet. and when we talk about facebook, it's not just a dating society. most of social media is really a marketing toolful we don't need to debate flat earth society or that slavery is bad or to give space for individuals to posit a big lie that's the mother's milk
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of every antisemimight, every neo-nazi and islam arist around the globe. stuart: rabbi, a couple questions here. number one, is it possible to police a network with two billion users who are making numerous posts? literally is it physically possible to police a network of that size? >> it's a really good question. you can tell from my age that i'm not a technology wizard. but to their credit, facebook has done two things. it's put some technological trip wires in place for all sorts of content that they don't want on their platform. and more importantly, they do have teams on three continents reviewing materials they deem to be offensive to facebook. and here's the bottom line, they're a mega company, a powerhouse in every society around the world, and they recognize they have an obligation. what we can't understand is the original fake e! news, the
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denial of the -- fake news, the denial of the holocaust that the ayatollah khamenei and others push, why would there be any space for that? stuart: i just want to make the point that zuckerberg, facebook is in an almost impossible position. i mean, is that what facebook really wants to be, because that's what it is. >> yes. i saw the front page story in today's new york times, and this is an issue we've discussed with them. we don't want to be the thought police, we don't want to be the world's censors. but to their credit from the beginning of their business model, facebook has set standards. they're there to make money, they're also part of the community at large. they're generally the group that we point to as a model for the other social media companies to look at. so the issue of setting
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standards is not a new issue. the question here is, and i think that mr. zuckerberg himself has had difficulty sort of explaining, well, if you make sure it's not there when the state player is using it for propaganda purpose, why would you allow individual anti-semites to be up there? so we fully expect and still hope that through dialogue and discussion we'll get to the right place on this one. store stuart rabbi, thank you very much for being with us this morning. we appreciate your input. thank you, sir. >> pleasure. stuart yes, sir. back to your money. now we're going to be down almost, about 100 points. we have had several tweets from the president this morning, one of them notably trying to jawbone the dollar and interest rates down. that's my interpretation. the market doesn't particularly care for it, down about 100 for the dow, but the nasdaq's going to be up. netflix, that's what's coming next for you. we're talking to someone who says it's going all the a way up to $503 a share.
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every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that combines america's largest, most reliable 4g lte with the most wi-fi hotspots. and it can be included with your internet. which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today. stuart: to missouri where a duck boat cap sizes, there are fatalities, susan? >> yes, 13 dead, 4 people still missing, and children are among those presumed dead. this was a capsizing that took
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place early evening around 7p. as you can see, the winds were exceeding 60 miles per hour and, obviously, it looked like rough waters out there. duck boats, you know, they float in the water, drive on land, and you see it capsizing. stuart: thank you, susan. let's get back to the markets. netflix, that stock is down about 10 percent in the past week, a disappointing financial report. however, there are some on wall street or that are really still very bullish on the stock. joining us by phone is david miller, netflix analyst with imperial capital. david has a 12 month target price of $503 on the stock, up 40% from where it is now. sir, you are very bullish. make your case as to why it goes to 503. >> well, thanks for having me on. the target is based on a discounted cash flow analysis using the pricing model, we think there's going to be a free
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cash flow explosion in this company by fiscal '20 and we get 503. i just also want to remind everyone that, you know, because netflix reports so early in any one reporting cycle -- remember when they reported, we were only 16 days into the brand new quarter, now, of course, we're 20 days into the brand new quarter -- there are times the company will end up overforecasting and times the company will end up underforecasting. stuart: we try not to get technical on the show, david, so explain that in plain english. am i right in you think there's a tremendous amount of cash that's going to come over the transom -- >> sure, that's absolutely correct. right now they are burning cash, and that seems to be capturing a lot of headlines. but once you get up to critical mass relative to the addressable market of let's call it 2.7 billion high-speed internet households around the world, you
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don't need to spend $500 million a quarter on marketing. that all kind of gets -- stuart: i've got to go, david. david miller right there, $503 within the year. thanks for joining us, sir. we'll be back with the opening bell from the market for you. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today.
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stuart: it's friday morning, and president trump has opened up his twitter account all over again. we've had three tweets thus far this morning, and they are financial in nature. i'll get to them in a moment. bang, it's 9:30 eastern time. it is friday, july the 20th, we are off and running. which way are we going? we're down ever so slightly, down 23, down 37, down can 38, down 37. we're still above 25,000, and we've got a majority of the dow 30 in the red. now we're down 40 -- >> except for microsoft. [laughter] stuart: yes, please wait, we'll get to that, birthday boy, we'll get there. now we're down 50, okay. the s&p down a fraction, .07. that's not much of a loss. how about the nasdaq? it's actually up. of course, microsoft is, it's quoted, it's part of the nasdaq index, so up she goes. 16 points up for the nasdaq.
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ge, profit down 28%. ah, the turn around has a long way to go. still at $13 a share. more on that coming up. better profits, strong outlook at microsoft. to me, this is -- [laughter] ♪ stuart: thank you, ladies and gentlemen. i own a little bit of it, and i'm a happy guy. that's an all-time high. who's with me on this momentous friday morning? susan lee, ashley webster, dave dietz and christina park. i'm going to start with ge because david is with us, longtime supporter. that turn around's got a hong way to go. [laughter] >> i think it has, but we look at key divisions, aviation, health care, power continues to be the anchor, but i think flannery's got a plan. guess what, stuart? if given the $120 billion in sales which is more than microsofthad, they'd be up
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eightfold. stuart: are you sorry you recommended it? are you sorry you bought it? yes. [laughter] >> absolutely not. you've got to stay diversified. if everything's going up on the same day, there'll be a day when everything's going down. >> it's a fire sale. they have been trying to separate health care, sell ising off baker hughes, and they are going to curt their dividend -- cut their dividend once again. what's the point? >> they're keeping expectations low, but they reaffirmed their full year earnings estimates. stuart: all right, enough. >> i don't know if that's encouraging. stuart: turn around's got a long way to go. here's a turn around that has gone a long way. $107.89 for microsoft. this is all about the ceo who has turned an old tech company, a dinosaur, into a growth stock. is anybody going to take me on in. >>, no because you're absolutely right. it surged some 300%, and it's
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all working right now whether it's cloud, hardware, gaming, you name it. stuart: and since he took over, it's up 185 -- >> tripled. stuart: i bought this thing 20-odd years ago -- >> how much did you buy? i shouldn't ask you. stuart: you can ask, but i'm not going to tell you. i thought i could milk the yield, i'd just milk it like a cash cow, and suddenly it became a growth stock and turned around. >> but you know what? they have big acquisitions like linkedin. i know, you're gloating, but a $26 billion acquisition. record revenue since they bought it. stuart: wait, wait, wait, would you short it? >> i wouldn't short it because steve ballmer, some of his acquisitions did not pay off. >> you're so proud of yourself. >> the fundamentals are great, the question is how much are you going to pay for that. do you see any dip today?
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stuart: no, i don't. >> there you go. >> so far behind when it comes to services, amazon web services, distant second behind amazon -- stuart: they're catching up. >> it is a catch-up story. stuart: president trump tweeting this morning several times, actually, here's number one: china, the european union and others have been manipulating their currencies and interest rates lore while the u.s. is raising rates while the dollar gets stronger and stronger with each passing day taking away our big competitive edge, as usual, not a level playing field. he's also threatened to put tariffs on every import from china. >> china's been manipulating its currency forever, we know that, but he's got to understand that raising interest rates is a sign that the economy is booming, and that's the problem. you can't have this hot economy continuing to boom but keeping rates low. it's not a normal situation. raising rates means we are doing very well. stuart: do you think he's trying to jawbone interest rates down?
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do you think what east trying to do? >> i think he's jabbing the fed indirectly because we know that yesterday he made a comment saying maybe they shouldn't be raising interest rates because it's not helping the economy. but as you stated, we're doing well, we're expecting to have possibly two more this year for now is what jay powell has said, and he shouldn't be weighing in on this. >> i don't think he can talk down interest rates. he can talk down the dollar, it crimps profits, as you know. stuart: this thing on trade, david, putting tariffs on everything that comes from china, that doesn't seem to worry the market that much these days. >> well, look, it's $500 billion, but that's just a blip in terms of the global trillion dollar economy, and he may achieve his longer term objectives concern. stuart: he hasn't put the tariffs on. >> well, that's right. he's jawboning that. stuart: maybe we'll do that. >> we don't know what the end
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result is, is he going after made in china for 2025, going after trade balance? stuart: it's not that big a problem if the market takes a one-day dip p and comes straight back with up -- >> all these countries are forming deals without the united states. stuart: july the 25th the europeans come over here, and they're going to look for a trade deal. and theresa may, british prime minister, she wants a trade deal with us, you know? >> so stronger negotiating position. stuart: yes. we're in a tough position, we're in a strong position, strong economy. look at it now. the big board shows a gain -- sorry, a loss, 60 odd points for the dow industrials, we're just right at 25,000. a lousy forecast from the shoe company skecherss, look at that, down 26%. better profit at stanley black and derek, look at that, up 3.5 percent. -- 2.5 percent. lower profit at honeywell, up 2 president. schlumberger, yeah, they're
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making money. recovery in oil prices, more demand for oil field services, and that stock is up 2%. here's a number for you. amazon, that one-hour glitch, one hour of down time on prime day, it cost amazon between $72-$99 million. >> drop in the bucket. [laughter] stuart: that's a hot of money. >> the fact that the media is now talking about it for the next week is actually going to recoup those sales because we're giving them free advertising. >> it was a 36-hour sale. just because you couldn't yet in in the first hour? >> three hours. >> i still find that interesting. >> people waited, they wanted those dealings. stuart: the president of viacom's television unit was fires for reportedly remarks. it's not reported the lady used the n-word. what do you say about this? you can't say anything. >> right. companies are moving very, very
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quickly. in the past it was media, you'd with fire and let go of media talent. you have a relation with somebody in the company, we discussed that last week, i'm forgetting the name of the company -- stuart: it means that any executive who says anything within the company has to be -- his or her free speech is really held hostage by the utmost sensitivity of anybody who hears anything that he said. this lady is gone. she didn't use the n-word, i don't know exactly what she said, but she's gone. it's like the texas instruments guy just the other day. >> intel's ceo as well. stuart: but the only thing that the texas instruments guy did was not report to hr that he got a consensual relationship -- >> yeah. stuart: that's it. >> at intel, those are company rules. stuart: but this guy is ruined. does the punishment fit the crime, does it really? >> here's another spin. viacom is struggling in a world where we're moving from cable to
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streaming, i won't be surprised if some people were looking for an excuse to can her quickly, so that could also be part of the story. stuart: well, a hell of an excuse. >> you've got to take some personal responsibility. i don't -- we don't know what -- stuart: i'd like to know what she said, and i'd like to know if the crime is fitted by the punishment. she's ruined, right is? her character assassinated. is that right? >> yes. i don't know what she said. stuart: this is america, isn't it? >> it depends on what she says. >> let's see how their stocking responds. stuart: and i'll come back. amazon's alexa and google home -- >> sorry, didn't understand that. [laughter] stuart: wait a second. you know the alexa? can understand fully some actions namely chinese -- accents. >> they understand canadian though. stuart: susan lee is a native of canada but a happy immigrant to
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the united states. >> so am i -- >> i'm from quebec. [speaking french] >> sorry, i didn't understand. [laughter] what was that? >> alexa? stuart: i find that fascinating. i mean, should those who have accepts like myself, for example, should we sue amazon? >> oh, come on. >> on discrimination grounds? >> my wife's australian, and often she disbelieve gives it to me because i can do more of an accent than she can is. it certainly does not ping her accent -- pick pup her accent. stuart: wells fargo reportedly in the middle of refunding customers for products including pet insurance and legal services they didn't ask for and didn't understand how to use. they're going to -- over a longer term, does wells fargo lose customers? >> the answer, i would say, is yes. your producer is a wells fargo
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customer. it's not the first time they've done this, added on products. they've created 3.5 million fake accounts to hit sales targets in 2016, they repossess incorrectly servicemen's cars, they've added on these products that you don't necessarily need with auto insurance, mortgage fees, the list continues. and -- >> and dismal, dismal quarter. [inaudible] [inaudible conversations] >> in fairness, the add-on story is not new, the only thing new is the number of customers -- >> i reached out to wells fargo yesterday and the response, she wouldn't tell me how much they're paying, how many customers were affected but that they're working with regulators on this ongoing review, and then she said can we talk on the phone, and we missed each other. stuart: should i buy the stock on the grounds that it'll bounce back? >> i would. this is a high quality franchise. they're in every single niche of the business. >> high quality?
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[inaudible conversations] >> yeah, but at the end of the day, they are there. they've got the money to lend -- in they're losing money on assets as well that they own, loan growth is not growing as -- >> i'm with warren buffett on wells fargo. >> the fed came in saying they cannot grow their assets past a certain amount. stuart: i'm coming up on a hard break, so we have to respect that, our ability to make money here. all right, thanks, everybody, for joining us, christina and david, good stuff. we're down 31 points on the big board, above the 25,000 level. get ready for round two. president trump says he's meeting with putin again in the fall. this time they're going to be at the white house. and the nfl putting its new anthem policy on hold. pete hegseth coming up next on that. ♪
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stuart: an immigration rights group sens back a $250,000 donation from sales force: why did they do that? >> because sales force does business with u.s. customs and border protection group, the group that even employees say you can't be doing business with the customs folks, they're separating families at the border. it's inhumane. sales force ceo has said, look, we don't actually provide services to the that branch of immigration. and so, no, we're going to continue to do business which has created this big fallout. and now this group which is refugee and immigrant center for education and legal services turned down $250,000 donation put forward by sales force saying unless you stop doing can business entirely, we're not going to take any donation, and
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now other companies are jumping in like greenpeace and democrat party saying no, sales force, you've got to distance yourself from the border protection folks otherwise we're ending our business with you. stuart: ridiculous. >> but to this point, sales force is hanging tough and saying, no, we're going to continue to honor those contracts. stuart: good. good. stand up, please. >> yep. stuart: president trump extending a white house invitation to vladimir putin this fall. now, this morning in our production meeting most of the producers of the show say putin should not be at the white house. i don't agree with that. let's see what pete hegseth says, "fox & friends" be weekend co-host, great guy actually. >> appreciate that. [laughter] stuart: but i think you're with me on this one. >> i am with you. this is a president totally undeterred by the overwhelming avalanche of haters. and by the way, the republicans who have come out were probably never trumpers to begin with. middle america knows where the heart of this president is, and
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the hysteria from the so-called media only fuels their support for him more. if they hate him this much, he's on to something. we elected someone to be a disrupter. they know he's strong. i love it when his opponent says he looks weak. no, if you're weak and they talk about flexibility after the election, they take crimea and ukraine and they do those things. if you say you're willing to talk, you're probably coming from a position of strength. stuart: suppose president putin comes here and announces a deal. yeah, plump, we're going -- president trump, we're going tad this. right before the midterm election. do you think that he's in the back of president trump's mind? >> yeah, it could be. here we are september, october, we know whether you are or aren't, that could be an interesting moment to say are you following up or not. so a lot of opportunities here. stuart: i want to get this in. the nfl has put the enforcement of the new anthem policy on
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hold. now, i'm not sure -- i think they just want to talk some more about this with the union and with the players as well. but this seems to me to be another black eye for the sport of football. >> yeah. i mean, they must not like ratings. ultimately, this is roger goodell caving. he knows that his fan base hates the fact that players use a sport to advance a political agenda, use their workplace. and so they modify the policy. teams will get fined if the players kneel. well, the players rose up and said we don't think that should be, so now they're hitting pause. it's the tiptoe dance. they've been wrong at every turn. they didn't do anything about it, didn't correct it. just have the players stand for the anthem and move on with it. they've already donated to social justice funds or whatever that is, they're already doing that too. at some point you run a league -- stuart: i thought after the disastrous last season where tv ratings were down 9%, i would have thought that after that
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they'd get things in order, and we'd start the new season with a new, fresh sense of let's get on with playing some football, but apparently not. >> just stick to your guns one time and this goes away. the more you go in and out and tap dance, it just builds, yeah. it'll hurt ratings if this continues. stuart: soccer's looking better, isn't it? >> i didn't say that. you're never going to get me. you're not going to get me, but football is not helping itself, american football. stuart: where did you get that suntan? >> the beach. but i played a lot of whiffle ball to get this ton san. stuart: breaking news just coming at us here, this is happening now. the federal reserve's james bullard making headlines, what's he saying? >> he's responding the to what the president was tweeting, talking about currency manipulation and in particular about raising interest rates. this is what mr. bullard says. he says the president can comment on monetary policy, but it's up to the fed to take the best actions to achieve its dual mandates.
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he says he's not surprised by mr. trump's comments, and he expects him to weigh in again, but it doesn't change the fed's pursuit of stable inflation and maximum employment. stuart: zero impact on the market. >> okay, you can comment, that's fine, but it's not going to change what we do. stuart: the dow is down 33 points, still above the 25,000 level. look at the dow 30, still mostly in the red but not that badly down. 35 points off, 25,029. more "varney" after this. into b. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia.
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stuart: we love success stories, and we've got one for you. our next guest is a veteran who started patriotic clothing business. more than 100 vets and military spouses work for this company. tyler her her visit here. congratulations, welcome to the show. >> thanks for having ming back. stuart you started this on active duty. >> i did. they thought it was interesting, they were very proud, and they asked me when was i retiring. [laughter] stuart: now, owe got 100 or 150 vets working -- >> we have 160. it keeps on growing. we're about 30 short, so we're trying to hire more by the day.
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stuart: am i right in saying you're in the top 100 of fastest growing companies for the last two years, each of the last two years? >> yeah, absolutely. it's been an incredible pace the sustain. you're talking about 5,000% return year-over-year. tour sort where do you make this closing? >> savannah, georgia, and we're moving a lot of the cut-sew operation there as well. a lot of these tax cut initiatives really helped know accelerate the growth of american made -- stuart: in what way? >> if you talk about the pass-through entity, i'm an s corp., it doesn't go to my personal bank account, it goes back to investing in my employees. i get consultants that come in and give certificates for education, i have a car in nascar which has done incredible, daytona be a couple of weeks ago -- >> wow. >> and we can invest in these different opportunities. i don't have investors, and the banks don't want to membered to
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people without money, so it's that catch 22 where i just have to keep on growing. stuart: so tax cuts, tax reform really helped you. >> absolutely. stuart: when i first came to america, it was frownedded upon to put the american flag on an item of clothing. now, apparently, it's not. >> i think patriotism is finally cool again, and it should have never been uncool. at this point, you know, we have to all know that we live in the greatest country on earth. and the it's not just one of these platitudes, not just a generic statement. i've been to some of the worst countries in the world, and i'll tell you that we enjoy incredible freedoms. tyler merritt, a success story, thanks for joining us. >> thanks so much for having me, and fox 20, i'll pass on some of my savings to your customers. >> very night. stuart: next case, friday morning, judge jeanine pirro are kicked off "the view." i think leftist extremism is going mainstream, can you believe?
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is my take on that, top of the hour. the highway when the guy in front slams on his brakes out of nowhere. you do, too, but not in time. hey, no big deal. you've got a good record and liberty mutual won't hold a grudge by raising your rates over one mistake. you hear that, karen? liberty mutual doesn't hold grudges... how mature of them. for drivers with accident forgiveness liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty ♪
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stuart: extremism goes mainstream. maybe you saw what happened on the view. i am going to call the view and in stream program. it is on abc and yesterday, fox news's jenin pyro was on, will be goldberg couldn't handle the conversation. the judge could hardly get a word in edge wise and as she was leaving, miss goldberg screamed get the after out of this building. the left can't stand anyone supporting our president. on bob burned an american flag,
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they were supporting maxine waters, a member of congress, she urged supporters to confront trump supporters in the streets or restaurants or wherever they appear, a thinly veiled encouraged of violence, extremism appearing in mainstream politics. another example the socialist alexandria cortez reported she has extremist views on the border, occupy it, ice, abolish it, israel, occupiers of palestine. today she will campaign with bernie sanders against republicans in kansas and against moderate democrats. extremism right in the middle of mainstream politics. some democrats have had enough, new jersey's bill says she doesn't know what she is talking about the but the extremists are clearly winning, hate trump is the constant message of the hate -- mainstream media, hatred of america alive and well in maxine waters's constituency and on display on the view. i don't think that will shame because when extremism is in your face at every turn mainstream america loses.
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the second our of "varney and company" is about to begin. ♪ >> how long has the deep state been there and who is running it? >> i want to answer your question. your opening statement, how horrible it is that donald trump is talking about -- you said -- >> murdering the children of americans -- >> horrible is when the president of the united states whips up people to beat the hell out of people. >> i felt i was whistling dirt. i couldn't believe i went there to have a conversation. i got thrown off the set, thrown out of the building and as i walked away she is yelling at me get the's out of this
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building. it is sad. what these people have turned into is sad. what is happening? stuart: a taste of what i am calling extremism going mainstream, more on this in a moment. check the big board, we are almost at breakeven point down just for as we speak. look at big tech names dominated by microsoft. let me deal with general electric, profit down 28%, that turn around has a long way to go and stock is at $13 a share. look at sketchers, the shoe company putting out allow the forecast. when you do that stock goes down and sketchers is down 23%. microsoft, brand-new all-time high earlier today reached $108 per share, that is a turnaround story.
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david barneson is here, you say the ceo's tenure has been miraculous. i agree with you, make your case. >> it is self-explanatory, not only the stock price, but the execution. what they have done is remarkable. my frustration as an investor is microsoft is one of those companies that was cool tech that became old tech and we loved it for all those years, the dividend growth, incredible utility almost around their operating system and free cash flows. they still have it all except the dividend yield is 1.6%, trading at 30 times earnings, it went from value stock to growth stock. stuart: should i sell it? everybody knows i bought some 20 years ago and held it.
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>> 20 years ago means you didn't make money for 16 years and now you made a lot of money for four years. i would not necessarily be selling it but we are not active buyers, we are value oriented and doesn't meet the embedded capital gain. i wouldn't be buying it but selling it in your particular situation. stuart: don't know why you are laughing but laugh away. >> i'm afraid of a will be goldberg situation. >> i would never do that. i want to talk about trade, donald trump is talking about it. tariffs on $500 billion of chinese imports. that doesn't have impact on the market.
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and then we recover. >> in the futures market from 3:30 to 6:30 pacific we did not go down 120 points so if anyone believes the market is actually believing it they are not seeing that validated in price. we have a 25% tariff on $500 billion product, $125 tax on american economy would wipe away virtually all the benefit of tax reform. let's say it was more 10% tariff which is what the last round threatened to do, that is a $50 impact. i don't believe the market is responding for the simple reason i don't believe the market thinks it will happen. they are seeing it as part of the negotiating process. people can like or dislike it but i don't think people believe it. stuart: you are right because
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that explains why the market doesn't tank when this kind of proposal comes out. despite what you had to say about microsoft you are a welcome guest on this program. >> can't wait to be back with you. back to my editorial, top of the hour, tammy bruce is here, fox news contributor and independent women's president. i say the extremists have invaded main street. where my going wrong? >> i think you are correct that they have always been here, now they just don't care to hide themselves and their attitude. i also suggest we have seen on the view some of those hosts in the past walkoff when other fox news hosts have been on the set. a lot of shows rely on us talking about them for their own ratings. look at the attention this has garnered. i was on the show once and found it very heavily scripted, everybody has their job and know what they are going to be saying and i think judge janine held her own but there is this
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kind of visceral rage, almost an addiction to outrage people have become used to. that is what we are seeing. i am involved with a project called champion women where we are looking at so many personal attacks on women in the political scene. this was not that, just very aggressive. but it informs the american people who is operating on emotion and who is dealing with something that two years ago happens, what are the policies that are implemented that are helping people's lives. when you think about that, will be goldberg's rage makes no sense. if you don't like the president personally, he is governing and governing well. he is an active president, there are unexpected things that occur but he came through when it comes to what his intentions have been. stuart: he totally dominates the national scene. you cannot read a newspaper, or watch a tv show, complete
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dominance, no other president has -- strides across the national scene and dominates it every single day. have you lost friendships because of this? >> absolutely. >> have you? >> not that i know of right now. stuart: ash? ashley: we just don't talk about it. stuart: you retreat from real conversation. >> that is part of the point, if people know each other there is some kind of visceral thing, some cases of the democrat party, certain liberals encourage because they can't admit that they have been wrong. i wasted a lot of time second guessing this president early on and there is a benefit to being able to say wait a minute, maybe we were wrong, clearly this man is doing things and it has been beneficial.
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because there is such an investment, liberal leadership with maxine waters an example of not wanting to admit that there serial plan did not work, that is part of why trump -- he is proving by example that the conservative ideal works, conservative policies work and as a result liberal policies and approaches don't. stuart: tammy, you are all right, have a good week. >> making new ones. stuart: i regret to say we have a dreadful story to follow from missouri. a duck boat capsized. what happened? ashley: in branson, missouri, country music mecca resort area, out on the lake yesterday and recorded a severe thunderstorm, the whipped up winds 60 miles an hour, the duck boat that rides very low in the water capsized, 13 dead,
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four still missing, having a news conference on this now so we may have more details but 13 dead, four still missing, 14 survived, 7 of those were injured. a horrible situation. there was another duck boat on the lake that managed to get to shore safely, this will didn't. 31 people and build. on board. stuart: check your money for a second, we are at break even, the dow is down one point. if we hold on for 30 seconds or twee 10 seconds it will go positive. up 0.75, 0.05. next case, the first moon landing happening 49 years ago today. how do you know that? >> because it is ashley's
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birthday. stuart: if nasa gets its way we are going back to the moon and staying there. we are talking with that to a man who actually walked on the moon next. ♪ i'm a four-year-old ring bearer with a bad habit of swallowing stuff. still won't eat my broccoli, though. and if you don't have the right overage, you could be paying for that pricey love band yourself. so get an allstate agent, and be better protected from mayhem. like me. can a ring bearer get a snack around here?
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stuart: 45 minutes into the trading session dead flat down to points. the dow 30, two thirds in the red down one third up in the green. lower profit at honeywell. and it was up 2%.
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the first moon landing happened 49 years ago today, neil armstrong. role that tape. >> that's one small step for a man, one giant leap for mankind. stuart: there is, by the way, a new movie coming out about that moon landing. >> i 20 of 1969 is when they set foot on the moon, neil armstrong. the movie will star ryan gosling as the famous astronaut, directed by the oscar-winning director of lala land. they are going to open up the 75th edition of the venice film festival and starring claire for a. hopefully if they win best picture they will get the right envelope this time. stuart: do you know where i was 49 years ago today? ashley: i know exactly where you are. you were in tehran. stuart: i was in the bazaar in
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tehran and they were shouting. apollo. ashley: my eighth birthday, i don't care who lands on the moon, where are my presence? stuart: nasa says it wants to go back to the moon and this time they want the astronauts to stay. harrison schmitt is with us, the second to last person to set foot on the moon. welcome to the program, great to see you. >> good to see you again. you are looking well. stuart: astronauts are going to get there and stay there, are we trying to colonize the moon? >> it certainly could be done. i like to think of it as settling the moon. there are resources there that can support settlements and very large settlements. just about everything you need, you can make water, you can
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make oxygen, you can have power of various kinds including fusion power, there is fusion fuel on the moon, helium-3. settlements are feasible on the moon and i suspect that is going to happen. isis think it will be more and effort by the private sector and should be. nasa needs to get the infrastructure put together but the private sector could be there as well. stuart: do you think this is a space race, get to the moon and stay there before china gets to the moon and colonizes? >> i don't think there's any question we are in a geopolitical race much like apollo but there is a strong commitment to be dominant in space and the free world led by the united states is going to compete that much more. that is the primary issue.
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stuart: do you think about it? do you often think about when you set foot on the moon? one of the few human beings who have done it. >> i think about it all the time. i am writing and speaking in related matters, i stay very active on the scientific side of things. is the last person to step on the moon i get requests for interviews not unlike this one. stuart: do you think we will actually go back to the moon and stay there? >> the president and vice president have proposed we do that. the directives are out there. the big question in my mind is whether nasa has fully committed to do that, to implement the president's directive. we have to wait and see how that works out. stuart: great to have you on the show today especially this particular day. come and see us soon. >> it was a great day, i was in mission control when this happened 49 years ago, neil was
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a great friend of mine, just wonderful you are acknowledging the day and celebrating it. stuart: we are indeed, we appreciate it, see you again soon. the iconic brady bunch house, they want to bulldoze it unless you pay up. we will deal with that in a moment. china, the biggest hacking threat to the us, not russia. a full report on that after this. ♪ greatness of an suv? is it to carry cargo... or to carry on a legacy? its show of strength... or its sign of intelligence? in crossing harsh terrain...
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i got a little over-confident on a moped. even with insurance, we had to dip into our 401(k) so it set us back a little bit. sometimes you don't have a choice. but it doesn't mean you can't get back on track. great. yeah, great. i'd like to go back to bermuda. i hear it's nice. yeah, i'd like to see it. no judgment. just guidance. td ameritrade.
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stuart: multiple tornadoes swept through iowa. ashley: this wasn't really expected. they knew there would be some big storms but the number of tornadoes, reports of 27 in central iowa. no fatalities but 17 people injured, flattened buildings, three cities were hit especially hard, east and northeast of des moines, forced evacuation of the hospital and 17 injured but no reports of fatalities but it was a very rough, rough late afternoon in that part of the world. stuart: and terrifying. ashley: sirens going. schlumberger is making money. higher oil prices lead to increased demand for oilfield services. it is up but not much, $.50. the brady bunch house. i made a mistake. it could be demolished. i implied they were looking for money so it is not demolished, that is not true.
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>> it is up -- a name called brady. the iconic house featured in the popular sitcom the brady bunch drawing a lot of interest, $1.9 million possible is the price tag, they are getting 500 calls and emails a day about it. the mcallisters who bought it in 1970 freely paid $61,000 for it. that his home appreciation value, 12,500 ft. , just iconic, feel like home. stuart: i can't remember what the house looked like in the tv series. >> two bedrooms, three bathrooms, split level home. stuart: i wonder if there is the same staircase. there we go, there we go. let's get to google, why not? $5 billion by the european
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union. is this the start of europeans using our tech companies like a personal piggy bank? we have that story. the gerber on the defense after his holocaust comments but he has a problem. if he could control the hate speech on faith -- facebook, can anybody control the users? that is a pretty picture of new york city. (phone ping) gentlemen, i have just received word! the louisiana purchase, is complete! instant purchase notifications from capital one . technology this helpful... could make history. what's in your wallet?
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♪ lucy in the sky with diamonds ♪ lucy in the sky with
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diamonds ♪ stuart: happy birthday. ashley: 57 today. stuart: you are a child. i could be your dad. we are going to go there. moving up 20 points at 25,086. look at the big tech names, all of them higher, facebook, amazon, apple, and microsoft hit an all-time high at $108 a share. i am not going to retire. the european union with a $5 billion fine. sarah fisher, do you think europeans will go after more
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american tech companies, they have the money. >> they are going to go after more american tech companies. they might have slapped google with the $5 million fine but don't forget about the $140 million fine they put on facebook for antitrust violations. this is just the beginning of what is to come. stuart: are they on solid ground? how did google america largest antitrust in history and the removal of 40% of their profits from last year? what did they do and are other companies guilty of the same thing? >> google did according to the eu secretary, they asked the device makers that were making androids to install, preinstall google apps, things like google play or google maps. this is anti-competitive and has other people done things like this not nearly to the same extent. stuart: my problem is that kind of anti-competitive behavior is wiped away by technological
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advance. old-fashioned antitrust rules should not be applied to new age technology companies. i am expressing an opinion and i know you don't normally express opinions but what do you say about this one? >> a lot of people agree with you. if the eu is going to continue, some anti-competitive outdated rules, you're going to inhibit innovation and that is a fear for folks in the eu. will this about innovation in their country? stuart: there is not much innovation in europe anyway. a large museum. another one requires no opinion, facebook is going to start removing misinformation that leads to violence. i am not sure anybody could censure and go through the posts of 2 billion users. it is an impossible task. >> dozens of millions of posts
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a week. nearly impossible for them to do. facebook says they are using artificial intelligence to wipe out stuff before it gets on the platform but as you said there rules are so broad it will be hard to manage all that content. stuart: never affect the content, i know you don't comment on financial issues but there's nothing wrong with that stock, it has $209 a share even though they have an impossible task. stuart: i'm happy to comment on this one. we saw facebook stocks at all-time lows, worried they wouldn't recover. regardless of the hype around regulating facebook, stock is still healthy and the company doing really well. stuart: i don't see anything on the books which would radically change facebook's business model, no one is going that far, or are they? >> people talk about it in the us, congress up in arms about
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facebook but we have no bills that are close to being passed. i see nothing facebook has to worry about at least in the us. stuart: i am not sure many facebook users are up in arms about what facebook is doing. >> definitely not. if you look at the polling, facebook users don't feel any big impact from some of these scandals and are spending a good amount of time with the platform though i will say there have been reports the facebook apps is seeing some declines but instagram owned by facebook is still doing really well. stuart: coming back at you with an opinion question. i think europeans are going after our big tech companies because we have got the money and they wanted, using us as a piggy bank. where my going wrong? >> you are not so far off from that. the eu is trying to impose more heavy taxes on us tech companies. that could be because they
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thought it was inhibiting competition, not far off from thinking that. stuart: i know you don't like giving an opinion but occasionally you do. thanks for joining us. here is a story. mgm resorts, owner of the mandalay bay motel in las vegas, filed a lawsuit against more than 1000 victims of last year's mass shooting. joining us is bob massey, why is the hotel doing this? it is wildly unpopular. >> in las vegas, some think it is posturing, the dynamics of it, and mgm's position was passed and complicated law, somebody contracts sort of
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promotes and puts together antiterrorist mechanisms that they could be immune from liability. the mgm is not the one that was certified the security company was certified. it is a huge battleground. stuart: a technical issue, isn't it? >> yes. it is fact driven. a federal judge looking at this, a declaratory action, and equitable action that said we believe based on these facts, indian from liability, we want you to declare the position legally of the mgm, the victims and any other party that becomes a party of this lawsuit, so the federal judge will be fact driven. stuart: i can understand trying to get away from liability because the liability would add up to an enormous amount of
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money given how many people die and what the situation was. i do understand but doing this, suing the victims, that is going to be a dreadful piece of pr. i am wondering what has happened to mandalay bay since the shooting? has its business come back in any way? >> i frequent mandalay bay all the time because i love the casino. it is not what it used to be. i think at some point i think there will be a makeover. you may see some time in the future there will be a name change, maybe a color scheme change. i don't think they have a choice. ultimately yes. it has been effective. stuart: let's move away from the shooting and mandalay bay, the rest of las vegas i hear is boomtown again. that is a strong word to use. is it? >> it is out of control. i think i said a few weeks ago,
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10 or 12 years ago we said the state bird was the crane. it is back. there are cranes everywhere. between the oakland raiders stadium, the oakland raiders training camp, they are building a baseball stadium in the summerland area in the northwest part of town, the building is out of control. as you and i have talked in other shows you have labor issues because the people that are working once to work for big projects, they are making more money than on working on building homes so we have a labor issue and the costs are going up but as it relates, 74, i can tell you i have never seen it to this level of building in this town. stuart: how about people in the tables, the casinos, is that a boom situation too? >> it is epidemic. it is crazy. if you ever want to do a story, do the cars believe 3:00 from
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california every friday afternoon and drive here, takes a without 10 hours and sunday they leave about noon, takes 10 hours to get back like they are giving something away. they love california, a lot of people are moving here and before i go, ashley, happy birthday. stuart: thank you so much. just a child. bob massey, you are all right, thanks for joining us. amazon's alexa and google's home understanding some accents, not yours and mine but -- ashley: they did a study and what they found was people who developed this technology, their voice is the one that is most recognized by alexa, white, educated or middle to
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upper class, so-called what they call broadcast accent in america, very generic. west coast middle-of-the-road. start throwing in, they have problems a little bit with the midwest and the south, 3% less understood with a southern accent and the midwest accent, things get harder when you talk about a spanish accent, indian, chinese accent. that is when alexa has problems say i'm sorry, don't understand, or give you the wrong information. stuart: what about british accent? ashley: didn't say anything. stuart: if we got one on the set, hello, alexa. cup of tea please. chinese folks, indian folks, spanish folks. ashley: they are trying to develop the ai to incorporate more accents. >> they need to work on the
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nuance. stuart: do you want proof on how much money amazon makes? we have numbers on how much one little glitch cost them during prime day, a number in a moment. three top cyber security experts at the fbi are retiring just as china and russia ramp up their attacks, we will deal with that too. ♪ as the one who is always trapped beneath the duvet i'm begging you... take gas-x. your tossing and turning isn't restlessness, it's gas! gas-x relieves pressure, bloating and discomfort... fast! so we can all sleep easier tonight.
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ashley: judge janine pirro faced a barrage, mike huckabee says it emboldens trump supporters. >> can you think of one conservative, one trump supporter who having watched some tirade like that says maybe i shouldn't support donald trump. nobody thinks like that. it just gives people a new sense of resolve. i'm not going to be intimidated, not going to be shoved to the side because of my political views. i don't understand what the goal is but when i watch this i realize what you said, trump derangement syndrome, it is like these people haven't slept
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since the election, they are irrational, they are hysterical, they no longer have the capacity to have a thoughtful, calm discussion with vigorous disagreement. and tiny. and this is laura's mobile dog grooming palace. laura can clean up a retriever that rolled in foxtails, but she's not much on "articles of organization." articles of what? so, she turned to legalzoom. they helped me out. she means we helped with her llc, trademark, and a lot of other legal stuff that's a part of running a business. so laura can get back to the dogs. would you sit still? this is laura's mobile dog grooming palace and this is where life meets legal.
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stuart: the fbi director says china is the most significant threat to the united states, not russia, china. teresa, why is china the biggest threat? not russia? we are told it is russia.
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>> an fbi agent years ago said to me china turned on a big vacuum cleaner and they were basically vacuuming up american businesses as if it were grains of sand on the beach looking for gems and diamond and they haven't stopped. there is intellectual property theft, a ground game, cyber game, they also could flex their cyber muscles, don't like the way trade negotiations and tariffs are going, they could send us a message by stealing information or disrupting critical infrastructure or an american business. stuart: it is worse than what russia has been doing in the past. >> there are independent islands of badness, russia meddling, disinformation campaign, we are on to them, onto their techniques and tactics that shame on us if we don't develop countermeasures for that. as it relates to china, china is constantly modifying and
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changing their tactics and american citizens date and american businesses are at great risk of intellectual property theft, merger, all kinds of information theft. it is almost like carbon monoxide poisoning, silent and deadly. stuart: 3 top officials retired recently just as cyber attacks come on strong. is that a coincidence or cause and effect here? >> it may be a combination of things. a lot of agents i worked with coming up on retirement age, talking about the things they could be doing in the private sector. there is a level of frustration or aspiration to do more for the greater good knowing what they knew from the inside and helping the private sector by being on the other side of the
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fbi. stuart: last question, 20 seconds, can we mount an adequate defense against these cyber attacks coming at us? >> we can and we will but it will require the white house, the hill, and intelligence agencies and the private sector working together, we have to launch arms on this or we will not succeed. stuart: thank you for joining us. san francisco, that is where i got my start in television, way back in the 1970s, times of changed. and top of the hour. closing in on 25,100. more varney after this.
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the rest is up to you. so if 65 is around the corner, think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. so don't wait. call to request your free decision guide. and gather the information now to help you choose a plan later. these types of plans let you pick any doctor or hospital that takes medicare patients. and there's a range of plans to choose from, depending on you needs and your budget. so if you're turning 65 soon, call now and get started. because the time to think about today. go long. stuart: family members who care for their sick loved ones using medicaid are being charged do
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for unions they are members of. that affirmative human services wants to change that and so does vincent with the state policy institute. the state policy network, welcome back. straighten me out. if i am caring for a loved one at home i am getting paid to do that. medicaid is giving me a fee of some kind, i am being charged union dues even though i'm not a member of that union, the union takes some of my pay. >> 11 states are allowing these providers mostly taken care of, 6 friends, 6 family members, trapped these providers into paying them even though there is a supreme court case that says they didn't have to pay. stuart: this is going on in 11 states.
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>> 11 states and the freedom foundation estimated $150 million every single year, total of 1.4 billion since this started. stuart: what are you going to do about it? >> that the promise of health and human services just issued a notice of proposed rulemaking that says 11 states cannot trap these providers into paying union dues. if you want to pay the union just write a check. the state could take it directly out of those medicaid checks. stuart: is there a case to be made that you are receiving some payment for helping take care of a loved one and therefore, maybe it is not so bad to contribute some to the union which negotiates on behalf of all home healthcare workers? could you make that case legitimately? you won't but you could. >> you have to talk to mothers like miranda for in washington taking care of her daughter who has a severe disability, never
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signed up for the union, but still taking money out of her medicaid checks or tricia johansson in minnesota who says the union forged her signature to get those dues and trapped her into paying them. stuart: are these people getting paid by medicare, not for the drugs they may be providing to their people but just for being home healthcare workers, medicare is paying that? >> medicaid is giving money to the people that are sick, the most vulnerable of our society and they designate a provider, a family member or friend and the union that you are getting money from the state so let's call you a public employee because you are a public employee, we can unionize and siphon off some of that money. stuart: that is legit because otherwise that loved one might have to be institutionalized or put in a hospital, they stay at
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home because of the loved one taking care, that payment is legit. what you object to and a lot of people do is siphoning off a little bit of that for union dues. >> there is a lot you can pay back and forth but taking care of sick loved ones, that is just wrong. stuart: health and human services says knock it off. that is going to happen. >> look like it is going to happen. stuart: someone is going to court. >> there have been a ton of court cases, the supreme court said you can't force providers to pay but we are still in the scheme where they can trap into paying at health and human services said you can't take this money for medicaid. stuart: the state policy network, thank you very much, thanks for joining us. they are being called the new opioids, prescription, anti-anxiety drugs being handed out by doctors. the third hour of "varney and company" is next.
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stuart: morning, everyone w 11:00 on the east coast. it is 8:00 out west. let's bring you up to date on the stock market. first of all the dow 30, about 2/3 of them, are in the red. they're down. stocks are now positive. earlier this morning they were down entree -- on trade concerns. president trump complained about the interest rates and strong dollar. market shrugged it off. looks like the market and economy can withstand all this tariff talk. we'll have more on that in a moment. we got one of those surveys, shows millenials want to retire by the time they are 61, however, about 2/3 of them have saved nothing for retirement. this needs comment. jonathan hoenig of the capitalist pig hedge fund is with us, so is paul conway,
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former labor department chief of staff. jonathan, you first. to me that is ridiculous. retire at 61 when we're all living much, much longer? that is sheer nonsense. go. >> maybe they're smoking the good stuff, i can't really explain it, stuart, i almost feel bad for them. people who retire, who stop working are unhappy. inevitably people who retire are starting to look for other things to do, something to fill their life, give it some meaning. i don't envoy those who want to retire at 61. considering, 61, actually your birthday today, how does 61 feel? tell us. stuart: not there yet, by the way. ashley: not there yet, jonathan, thank you. i feel great. stuart: i'm, jonathan past my sell-by date, i have no intention retiring whatsoever. i love what i do. ashley: i'm the same way. what are you going to do? go fishing? stuart: calm on in, paul conway.
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i think it is ridiculous, 61 as retirement age in this day and age? i think that is nonsense. what say you? >> every generation has dreams and aspirations, to retire at 61 maybe that looks a little different 15 years from now. the practical reality is they will not be able to do it. part of the reason they won't be able to do it, this generation bore the costs of policies past eight or 10 years under president obama. stuart: their means of accumulating wealth, through series of part-time jobs disconnected from their training and education played out. while they may want to do it, the practical reality, they don't have the savings, don't have the resources. just now they're starting to get traction to plan. you can have a dream, but let's see how reality mugs them. stuart: truth is, paul you need rapidly expanding economy, you need a growing economy to get early retirement date. that is written in stone for everybody just about. hold on a second.
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susan li is with us. i think she is a millenial. >> doesn't matter. 21% of americans don't have any retirement funds, whatsoever. 21%, doesn't matter if you're a millenial. ashley: thought it was more than that. stuart: that wasn't my question. do you want to retire at 61? >> i would love to retire at 61. what does retirement mean though? would i do something else? yes, probably. maybe starting my own business. stuart: sitting in a rocking chair or playing golf. ashley: why golf? stuart: jonathan, go. >> i think frankly, stuart i think that carries back to a lot what we're dealing with in today's economy. a lot of retires today are trying to live on fixed income. that is what retirement is. you're essentially live off the savings, plan for the future. with prospect of rising inflation, i hate, i know people don't want to hear about it, trade war, tariff war with prices going up, that means those retirement dreams, to
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paul's point, more difficult to attain. stuart: as for you as well. another millenial story, jonathan. a third of millenials dipped into their 401(k)s, iras, if they have got them. a third dipped in to finance a purchase of a home. what do you think about that as a financial strategy, jonathan? >> debt is deadly, especially for people trying to think and plan long-term. it is tremendously difficult to save, stuart. i think even more now. so especially since housing prices, for example, have gone up. they have fon up more rapidly because of tariffs on lumber, other issues. this is why it is so difficult to think long term. i don't envy millenials, coming out of college with $100,000 in debt, not great job options, too optimistic plans about the future unfortunately in america. stuart: on top of that, paul, if you pull money out of a 401(k) or ira, before you're 59 1/2, you pay 10% penalty and income tax on it.
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ashley: you get dunned twice. >> you get hit twice. this goes back to same survey talking about aspiration of owning a home. good news, this generation got set back through liberal policies implemented very hardcore under obama, when you take a look where they want to go, this is massive change of polling data of aspiration to own a home past five years, especially last two years. that's a good thing. the other thing in the same survey of data shows 51% of millenials preferred to have zero debt. that is good. the means to buy a home, taking it out of your retirement savings is not good policy but their bearing lessons learned of previous generations specially experience of past 10 years. hopefully they steer away from that. they accumulate more wealth. that is why the economic policies are so very important to institutionalize so people keep more of their own money. stuart: i said this before on this program last couple days, i
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have a daughter, in her 20s, she works for a big corporation, she worked there for three years now, she has not joined the 401(k) program. i think that is a disaster. but you know -- >> shoemakers children never have any shoes. [laughter]. stuart: good one. all right, jonathan, i know you're not a big fan, let me change that. paul, i want to get into this. the president's jobs program, the training program, voluntary pledge by corporations to hire people and train them, i think that is a very, very big deal. the president says it leads to millions of jobs opportunities. that sounds like a big number to me. what do you say, paul? >> i think it has potential. it is tethered to two things, need continued growth in the economy, get it up to 4% growth rate. you are seeing a thing in the market, there is miss match of available workers, available jobs and skills.
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where this is fundamentally important and difference tweens conservatives and liberals is this. under liberals they want to use the department of labor to certify what is considered a high quality training program, where conservatives, president's policy, where you see impact of job, let labor unions, associations trades, come to the tub and they determine the quality and input and education programs needed for their relevance. that is the difference. you don't want be like europe, people bifurcate into college and only trades. i think you can impact millions of jobs this way, absolutely. stuart: jonathan, this is a great idea to keep congress out of this, have it a pledge by private organizations. that seems to me to be the way to go, jonathan? >> why would these private organizations making a pledge to the president? you know, i'm for the separation of the economy and the government, stuart. so if they're making a pledge for new jobs, they should be
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making it to the shareholders -- stuart: you are a purist. you're letting perfect stand in the way of the good? >> well you know, what i see is, you know government increasingly involved, we talked about tariffs. even this morning, the stock market is up and bonn market taken a big hit on president's promises perhaps influencing interest rate decisions here. so i'm all for hiring, for training, but pledges should be made to shareholders, not to the commander-in-chief. >> if i could take a slightly different take, stuart. take a look closely to the comments made by ceos there, they're pledging to the workforce. the venue it was done is the white house. every administration does that the oath taken yesterday, if you want to look at it like that, to workforce an continuing investment in american workers. that i think it is a victory. if it did god to the president it would be entirely different. i think he hosted a meeting,
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hosted a venue but i think the winner here is the american workforce and american companies. stuart: we have to leave it there, we have camera operator can't keep track of jonathan because he moves around so much. very difficult stuff. ashley: very good, jonathan. stuart: jonathan, paul, great stuff. ashley: good-bye, jonathan. stuart: thanks everybody. here is what is coming up to you on this friday morning. my take on san francisco's policy of allowing illegal immigrants to vote in school bored elections. i used to live there in the 1970s. i have a real problem with what san francisco is doing today. it was just a few days ago when democrat socialist alexandria ocasio-cortez tried to explain the low unemployment rate by saying it is because everybody is working two jobs. senator elizabeth warren heard that number and doubled it. she said people are working up to four jobs. that is why unemployment is low. i promise you we'll deal with this. president trump, he wants
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russia's president putin to come to the white house this fall. can you man the media reaction to that? stay with us. this is the heard hour of "varney & company" rolling on. take a look at philadelphia, again on a beautiful, sunny, hot day. ♪
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stuart: president trump wants vladmir putin to come to the white house this fall. how about that? joining us fred barnes, executive editor of "the weekly standard." fred, why do you think the president reached out to putin to bring him back? >> you know, the president likes to double down when he is challenged on something and what he said in helsinki in his meeting with putin, he certainly has been challenged on that. well what does he do? take this, we'll have putin over
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here, just before the midterm election. i suspect it is not going to happen. stuart: you're laughing. >> yeah. stuart: you're enjoying this. seems to me that the president keeps his opponents on their back foot, you know, take this? >> he does, sometimes it doesn't help him. to have putin here before the election, what's next? the supreme leader of iran, are you going to bring hi here too, other enemies? i think it is just crazy. stuart: wait a minute, fred, if there was some kind of deal, some kind of give on putin's part, maybe some give on america's part, i don't know, if there is some kind of a deal, i think voters would kind of like that, wouldn't they? >> they wouldn't trust him. i don't trust him. and you shouldn't either. i mean he's, come on, you know, say look, mr. putin, you're a grand gentleman why don't you stop violating arms control
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deals? when you stop doing that, make up for all the violations you've had, in the last few years, then maybe we'll have you over here. otherwise, forget it. stuart: our producers this morning had kind of a visceral reaction to putin in the white house. >> i had that too. stuart: in the white house, that is your approach too? >> i don't want to see him in the white house. back in the '50s, when president eisenhower brought nikita khrushchev here, there were a couple people, a few more, went down, protested, picketed crew -- khrushchev, a couple of them were my parents. if putin comes here i may think about, or reviving that tradition. stuart: okay, all right, fred. i will move on, okay, before we have a real argument here, i will move on. senator elizabeth warren repeating alexandria ocasio-cortez's comments about the low employment rate. >> yeah. stuart: hold on, fred. roll tape, please. >> when people are working at
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minimum wage jobs that won't support them, or they're working two, three, or four jobs, to try to pay the rent and keep food on the table, then simply saying the unemployment figures have gone down just doesn't get you there. stuart: all right. you heard it, fred. your reaction? >> i don't believe it. look the fact is, the same baseline is there of the number of people who moonlight and have another job too and what it was, 20 years ago, basically, that baseline, it is the same now. to pretend all these new jobs built up because they don't count because somebody has four jobs, i mean that is nonsense. the truth is, we do have very low unemployment. i'm sorry to tell the senator that president trump is in a big way responsible for this, but it's true. stuart: but the presence of, the
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influence of ms. cortez and senator warren within the democrat party, i call them hard left, their influence is really growing strongly. >> well it is, you know. i mean the media of course, jumped all over this 28-year-old woman who won the democratic nomination for the house seat in new york and she, you know, you see interviews with her? stuart: i have run them, i put them on the show, yes, i have. >> she is not exactly the brightest star in the sky, that's for sure. stuart: but she is out campaigning today with bernie sanders out there in kansas. i mean, i'm going to see the reaction to her. it might be quite favorable in some areas, you never know. last word? >> yeah. she seems like a very appealing person but when you see what she is for, she is economic i will let rat. that is all you need to know. stuart: i'm a refugee from
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socialism, so i'm not too keen. fred barnes, see you soon. >> i enjoyed it. stuart: glad to hear it, fred. look at couple of markets here, price of oil back to $69 a barrel. the price of gas is down to a national average of $2.85. that's down from yesterday, down a little. 2.85 there. now this, i will put on your screen something you might not recognize. that is a scene from the moment of the shot heard around the world, when the new york giants beat brooklyn dodgers back in 1951. today we have the home plate from the game. it is on the set. i will bring it in. because it is up for auction. ashley: you own it? stuart: no. i'm not bidding either. it is up for auction, maybe guess how much people might pay for it? we'll have that at the end of the show. today, marks very first
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with the right conversation, you might find you're doing okay. so, no hot dog suit? not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. stuart: whale of a plane taking flight in france. ashley: come on that was terrible. stuart: baluga, looks like a whale. that is the plane that took off for the first time. weighs 135 tons. has two rolls-royce turbo engines. this goes into service. ashley: but not whales. stuart: look how big it is. in london you can feel what it is like to be a superhero. the "iron man" jet suit. runs on jet fuel or diesel. can go 12,000 feet up in the area. ashley: 12,000? could get hit by a plane. >> you have to pay for it.
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stuart: the cost, that is important. $443,000. >> tony stark money. ashley: put it on the credit card. stuart: in san francisco, a gas station installing a robot to provide security at the pumps. some security. >> i feel very secure. stuart: the robot has got four cameras, scans and records what's going on. won't chase anybody down. ashley: it is like a dalik from dr. who. exterminate. it looks like a dalik. stuart: producer is trying to tell me it is cute. i don't think so. ashley: i don't know about that. stuart: my personal take on san francisco's policy allowing illegal immigrants to vote in school board elections. they will do it and i will comment. live shot from the san francisco bay area, oakland to be precise. i call that hazy. ashley: downright foggy.
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stuart: i started work in television in the mid '70s, in san francisco. i was a legal immigrant, green card, not yet a citizen. i knew i couldn't vote, not allowed.
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i never even thought about it. my, how times change. today in san francisco foreign nationals, even if they're here illegally, can vote in school board elections. they don't have to say how long they have been there. actually, they don't have to say anything, just front up and vote. how is that for foreign influence? is it a form of election meddling? think of it, a russian could influence education policy in san francisco just by being there. if that is not accurate, i invite viewer comment. the left defends this saying if you are subject to the law, you should be allowed to vote. of course if you disagree, you are suppressing the vote, of course. the left also wants to abolish immigration enforcement, i.c.e. anyone can come in. couple that with this anyone can vote rule, and you've got a perversion of the political system if not outright take over by the way illegals have voting
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rights in maryland too. you could dismiss this as isolated stuff, of no relevance. i disagree. this is the opening of an attack on our democracy as we know it. hey, if illegals can vote for the school board, why can't they vote for a senator, or a president? that's where the left wants to take this. suppose illegals in san francisco were republicans, and voted for more charter schools, or an end to bilingual education, do you really think they would be allowed to vote? it would never happen. if illegals were republicans, it would be the democrats demanding a wall. russian election meddling is front page news. why not put illegals voting in san francisco on the front page too? good question. joining us jason clark, chair of the san francisco republican party. we found a republican in san francisco, sir, you're it. welcome to the show. >> thank you.
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stuart: are you considering legal action to stop this? >> that is one of the many things we're looking at. you know the san francisco republican party strongly believes is that the right to vote is a sacred act of citizenship. what we've seen throughout the last couple years, especially here in san francisco the city government slowly eroded away the rights of normal citizens here. and so, we're looking into legal action is warranted because we have an obligation to our voters and tokers in general to protect the say credit right to vote -- voters. stuart: what proportion of the vote in san francisco votes republican? it is miniscule. >> 15 to 20% depending on the election and the district. stuart: the homeless problem in san francisco, seems to be out of the control. latest budget for the city
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$280 million to fight homelessness? i believe that is $37,000 per homeless person in san francisco. what's the root cause of this problem and how do you explain to voters that you are spending 37,000 bucks on people in the street? >> well, i think actually number might be lower, because i think number of homeless is probably a lot higher than they actually report but the problem that we have here in san francisco is we basically have a homeless industrial complex. think about it. if your job is to solve homelessness, you will be out of a job if you actually solve the problem. year after year, we shovel piles and piles of money at the issue, and we have seen it get worse and worse and worse. this year it is among the worst that we've ever seen. stuart: seems like you got the problem because you make it easy and pleasant for homeless people to go to san francisco. the climate is not bad, the police don't move you along and
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let you set up a camp. you have got the problem because you welcome homeless people. seems like that way to me at least? >> well the government certainly does welcome them with open arms. the latest proposal by our new mayor to open up safe injection sites so people get high on taxpayer time and dime. we are opposed because we don't think it solves underlying issue. we think it encourages more drug activity. of the sad reality a lot of people on the street addicted to drugs, they are mentally ill, they need more counseling to get off the street. it is not normal to want to live on the street and live in filthy conditions like that. stuart: i put it to you, jason, this is not going to change. san francisco will always be that kind of city and will always have these kind of problems. you're just not strong enough politically to make a change. i'm putting it right to you. >> if you vote republican we can change it. stuart: yeah, come on, how many people in san francisco will vote republican?
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you said your he is, 15, 20% tops. >> well get the right candidate, right issue. with the non-citizen voting we had democrats, we had libertarians, people all across the spectrum have been reaching out saying you have to do something. even my uncle in guam who i don't talk to all that often, he emailed me, what is going on over there? you need to do something. definitely an issue attracted national attention. stuart: foreign nationals can be in san francisco, they don't have to actually live there, they don't have to prove they're there any length of time, simply saying i'm a resident and they vote. that is accurate, isn't it? >> yes. but they also have to quantify that they have a child. doesn't have to be child in school system, but dependent child. the way they prove that, they sign i have a child, and they check a box. there is no real accountability in that. stuart: just astonishing, jason. takes your breath away.
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i do think it is an attack on our democracy. i would go that far. would you go that far? >> i would say again, it's another step in the erosion of our rights as citizens. they have, they have made san francisco a sanctuary city. if you are convicted of a crime, you're here illegally they let you roam the streets. if i was arrested for the same crime i would be in jail until my trial. and now if you're here illegally, they give you a free lawyer to help you defend your interests, at our expense. so really, it is a city government that has sort of lost sense of who the citizens are, who actually are paying taxes here. stuart: i know it well. i used to live there by the way. jason, thanks for joining us. we do appreciate it. i didn't mean to give republican as hard time. >> thanks for having me. stuart: even though there are so few of you. we glad we found you. thank you for joining us. >> found one. ashley: it is frustrating.
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stuart: goes on and on and never changes. check the big board, we're up 41 points right now. we have reversed course. opened lower. now we're up 40 much. look at ge, it is down, it reported a 28% drop in profits. there is no turn around success yet. >> no, trading at $13. barely above $13. bottom line, revenue beat. guidance is, guiding at low end when it comes to cash flow, when it comes to earnings. they have been trying to sell off their assets such as baker hughes, the oil services company. they have been shedding health care. still the turn arnn may not be in sight. they're also said to be cutting the dividend yet again. they cut the dividend for a second time since the great depression last year. stuart: you're too young to remember ge as the great industrial company of all time. >> the peak was in 2000.
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stuart: we bring good things to life. >> is that the jingle. >> i'm not too young. stuart: remember that? >> no. stuart: ge we bring good things to life. >> being serenaded. ashley: yes you are. stuart: let's get serious. look at microsoft, please. record high for the stock early today. actually reached $108 a share. i own a tiny thin sliver and i'm smiling. cloud business doing real well. this is many pa pell of really successful turnaround. >> the stock is up 200% since he took over in february of 2014. moving away, stayed pc, windows, sales business to something more dynamic and more profitable. cloud of course. and 89% rise in revenue for azure. so that is pretty good. they will talk $100 billion in revenue for the very first time. and on the earnings call last night, i listened into it, that
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is where they give you guidance. they came out well ahead of street forecasts. they are firing on all cylinders. up 40% for the past year. should do well for your retirement. stuart: see the smile? ashley: got the canary. stuart: i got to admit it i bought it years and years and years ago, on the grounds it was a cash cow. it paid a nice dividend. >> free cash flow. stuart: dead safe. significant amount of money. i never thought about capital gain. 107 a share? >> much higher here. stuart: how about about bitcoin? where it that today? it made it to $7,000 a share or a coin. it is at 7461 this morning. gold, where is it today? up four bucks, 1228. first it was the opioid crisis. well there is another one on the horizon, from anti-anxiety pills, xanax, valium, remember
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those drugs are considered safe and non-addictive. there is black market developing for them. we're on it. pfizer, novartis, merck, promising to cut prices for seven drugs. that story is in 90 seconds. check out phoenix, i will guarranty phoenix is hot right now. ashley: forecast for tomorrow? hot. next week? hot! ♪
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>> i'm nicole petallides with your fox business brief. another day, another drugmaker changing the prices this is merck. merck saying they are cutting their prices amid pressure. it is interesting though, take a look, it is on seven drugs including 60% off zepiter, 10% off many others and pro-spar and. i spoke to pharmacist that is over 200-dollar drug. you get the generic for 30 bucks. some of the drugs not as popular. these are not the top sellers. this comes amid pressure from president trump and his administration. look at this tweet. thank you, novartis, trump wrote, not increasing prices on prescription drugs. likewise pfizer. making substantially move on prescription drugs, saving
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stuart: there are some doctors who are worried about the increasing use of antianxiety pills. they're concerned this could be the next drug epidemic. doc siegel joins us now. we're talking about anti-anxiety drugs like xanax, for example? >> valium. klonopin. stuart: can you get high on that stuff. >> absolutely. i'm glad you're doing this
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story. this is the untold epidemic. if you combine the things with opioids which is on a big increase, you increase your risk of overdose death by 10 times. you know why? both medications suppress breathing. amount of overdose deaths past 15 years, according to national institute of drug abuse, from benzos, has quadrupled. 14 million prescriptions written for this stuff. stuart: 14 million. >> 14 million. this is highly used substance to control anxiety. i'm not saying it doesn't have uses, by the way. but i'm saying it leads to increased risks of overdose, especially combined with alcohol and opioids. it is something not taken lightly. stuart: is it fairly easy to come by? you go to doctor, i'm anxious, not always in a good mood, give me something? >> you're always in a good mood. stuart: i'm being hypothetical. this is serious subject. >> yeah. stuart: it is easy to come
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across, it is easy to get a subscription, isn't it? >> it shouldn't be. stuart: but it is. >> it is dea restricted drug. doctors should be serious about it. with all the attention paid to opioids, prescribing percocet, oxycontin, all of that, i think we've taken spotlight off these drugs which are highly addictive. it shouldn't be easy to come by. you're right, too easy to come by. too many doctors flicking the pen, giving it out too quickly. it has uses. people that are anxious. people can't sleep at night for anxiety and insomnia. it is a good choice. we have to monitor it for addiction. stuart: xanax, isn't that taken daily, whatever dose it is, but you take it daily over a long, long period of time? is that correct? >> no. stuart: no? >> not how i like to use it. stuart: how do normal people use it? >> normal people use it if they have a bought of anxiety, occasionally, use it for that. now i do have patients that are on it every day.
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psychiatrists do use it every day. what you said it is not the only way to do it. more for episode of panic or anxiety or sleeplessness. when you start using every day and dose requirement the go up, you're talking about addiction. it suppresses breathing. if you combine it with things like alcohol or opioids you increase your risk of death. i don't want patients taking it every day if they don't need it for that. stuart: i'm glad we got it on the air. this is obviously developing and serious story. >> problem with addiction in this country is combined problem. it is not just opioids. it is alcohol and also this, benzos. stuart: i have to get this one in as well. another study finds teens frequently use smartphones on them all the time, more likely to develop adhd, attention deficit disorder. >> you can't focus, impulsive, behaviorial problems. flitting around all the time, that is adhd. stuart: this helps create that situation? >> of course.
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centers for disease control point out 50% of our youth an teens are busy using smartphones and social media, more than three or four hours a day. if you're interacting with that, instead of with friends, or family or loved ones. you actually that problem, twice as more likely develop a problem where you can't sustain normal interaction. you can't focus and develop impulsivity. stuart: is that younger people? i use this all the time. i'm glued to this thing. i like it. i use it, very frequently. hours a day. i do. so -- >> this study out of usc was looking at teens. they're the most susceptible. they're middle of developing. by the time you get a little older, presumably your patterns change. you will not develop adhd now but your point is fair. i think it is a risk for older people, adults. we're in adhd society, stuart. stuart: to be serious for a second, my attention span is very limited. i always thought was result of doing tv and fast-paced tv all
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the time, doing news. >> we have adhd. stuart: you think i should quit the thing a couple hours a day. >> go to the farm, use it less often. do more interaction with great people on the set, less on the smart phone. stuart: doctor, thank you very much. good stories. i want to deal with facebook first of all, in case you didn't know it, not following it, hit new all-time high today, $210 a share. up two bucks as we speak. you know the company, skechers, the shoe company? they offered a very weak forecast. looked to the future, didn't like it at all. the stock is down 23%. i have a number for you, amazon's one hour of down time of that prime day, may have cost amazon between 70 and $90 million in lost sales with that glitch. that is how much it cost them. the stock is up 12 bucks.
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1825. on your screen, this is moment from the shot heard around the world game, when the new york giants beat the brooklyn dodgers back in 1951. now today we have the plate. you can see it right there, we have the plate, the home plate. we have it on the set. it is going up for action. we'll tell you how much it will cost. >> that was a great moment in history. stuart: you remember it? >> no. ♪
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stuart: it's friday. we have cool sports memorabilia for you. they're all going up for auction. ken golden with us, golden auctions. we have a lot to go through. >> glad to be here. stuart: first of all right in front of me, home plate from the 1951 heard 'round the world shot. how much? >> giants win the pennant, giants win the pennant. this is the home plate. we expect it to go from 25 to $50,000, from 1951 at the polo ground. stuart: 25,000 to 50,000, i take it. i see a babe ruth bat there. >> this is from the 1932 season, his final world championship
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season, sign and enscribed by babe ruth himself. on scale of one to 10 it is graded 9.5. we expect this to go around quarter of a million dollars at golden stuart: wait a second. you had it on the show before. >> probably a different bat. bats break. they used different bats during different years. stuart: did you sell the other one? >> we did. the other went for 190. this is better bat. stuart: i see a baseball card, babe ruth baseball card. what is special about it. >> this is 1933 gowdy. it is scale of nine in mint condition. only six these. it is incredibly rare, not one card in this condition come up for sale past 15 years. this could potentially come close to $500,000. stuart: better talk. $500,000. >> $500,000. stuart: because it is in mint condition.
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>> in mint condition. people want the best of the best. this is the valuable stuff. stuart: you have valuable stuff. michael jordan's award in 1990s? >> final '97, '98, a tiffany award, "sporting news" player of the year award. knowledge only jordan award ever come up for auction. we expect this to hit six figures. where this we don't know. stuart: only michael jordan award? >> exactly. overly one come up for public sale. stuart: six figures you hope? >> we expect. stuart: you take a piece of the action. >> of course we do. this is fox business. i'm not doing this for charity. although we do hold charity auctions. >> i do know that is football helmet. whose helmet was it. >> this is super bowl xlii. this is eli manning, the famous pass in the super bowl to david tyree. they beat the patriots. they were 18-0. the giants were huge underdog.
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this is photo matched game-used eli manning helmet. there are two predictions. we expect this to go 200,000apparently the football hall of fame stated this helmet could be worth 500,000 and a million dollars. stuart: what is a photo match? >> photo match means they used photographic evidence and video to put this helmet on eli manning's head. best type of authentication you can get, photographic evidence shows it is helmet. stuart: last one, a jersey. looks like wayne gretsky's jersey. >> this is game-used wayne gretsky season from rookie season. photo matched to his rookie season from 1979. this extremely wear. only photo matched one in existence. we expect this to go 300,000 plus. stuart: when does the auction start? >> auction is on line at goldin concludes at national sports collectors convention two weeks
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from now. stuart: >> is. i love being here, stuart. stuart: we'll have you back. ken. more "varney" after this. we'll show you atlanta, georgia. ♪ only about 80% of your part b medicare costs, which means you may have to pay for the rest. that's where medicare supplement insurance comes in: ...
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endorsed by aarp and that's because they meet aarp's high standards of quality and service. you're also getting the great features that any medicare supplement plan provides. for example, with any medicare supplement plan you may choose any doctor or hospital that accepts medicare patients. you can even visit a specialist. with this type of plan, there are no networks or referrals needed. also, a medicare supplement plan goes with you when you travel anywhere in the u.s. a free decision guide will provide a breakdown of aarp medicare supplement plans, and help you determine the plan that works best for your needs and budget. call today to request yours. let's recap. there are 3 key things you should keep in mind. one: if you're turning 65, you may be eligible for medicare - but it only covers about 80% of your medicare part b costs. a medicare supplement plan may help pay for some of the rest.
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two: this type of plan allows you to keep your doctor - as long as he or she accepts medicare patients. and three: these are the only medicare supplement plans endorsed by aarp. learn more about why you should choose an aarp medicare supplement plan. call today for a free guide. >> my birthday is in october. neil:. stuart: we are home lovers. >> what else do we do? >> hide under rocks. [laughter] stuart: i wanted to play the beatles but they were not do it.
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>> happy birthday. stuart: ashley, happy birthday. friday birthday. get out of here and enjoy yourself. >> is still young. stuart: times up and ashley happy birthday, neil, - >> i love the store i love that you had to remember it was her birthday. [laughter] what do we do again? stuart: wait to get to my age. [laughter] >> you are more with us than anybody. have a happy birthday. neil: it's your birthday. all right. have a fun one. celebrations to all. a little bit to celebrate were up 32 points but we picked up on it thi


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