Transcripts For FBC Varney Company 20240622

Hes a war hero because he was captured. I like people who werent captured, okay . I hate to tell you. Do you agree with that . Hes a war hero because he was captured, okay . And i believe perhaps hes a war hero, but right now he said some very bad things about a a lot of people. Stuart that comment, as you might imagine, did not go down very well. He is answering his critics in an op to you would in the usa today. Heres one of the quotes. John mccain has could his own constituents who want a secure border crazies no one including the Republican National committee criticize the senator for those comments. Hes not back down on what he said about john mccain. With us this morning ashly webster. Ill start with you, katherine. Lets get right at it, shall we . Do you think trumps finished . I dont think hes going to admit hes finished or be it should as long as people are still listening to him which is really what this is about. He was doing very well in the polls, but i think as we get a little closer to 2016 people are going to take a closer look at the things he was saying. I think people are still going to want to keep listening to him because they think its interesting stuart support him . No. If youre going to run a gop nomination, you probably dont want to say those kinds of things about war veterans. Stuart katherine, do you think that would you be happy to see donald trump in the white house . Oh no. [laughter] stuart really . Itd be a disaster. It would be an absolute disaster. Stuart okay. Do you have any comment please . Its interesting hes getting what he wants. Its the world according to the donald. I think what i hear from most people is hes saying what everyone else doesnt have the guts to say. Stuart yes. Not many people want to say that john mccain was not a war hero. I mean, the man was tortured for five years, for heaven sakes. Thats dreadful. Stuart people dont want to hear that. A president needs to have a filter. [laughter] i say whatever i think of to, why would anybody say thats a good quality for the leader of the free world . It makes for great sound bites, Great Television stuart i think the guy peaked on friday, and hes on the way down. But well get back to that later. Stay with us katherine. Same old same old in greece. Its true, the the banks did reopen today, there is a weekly cash limit on withdrawals and long lines, and greece has received some bridge loan money but is using it to repay loans from the imf and the European Central bank. Ashley webster is back from three weeks in greece. And, ashley, what we want from you, i want you to tell us what its like in athens on the ground floor level. Remarkably calm. All the priest visits it was previous visits it was tear gas and molotov cocktails. Not this time. People resigned numb perhaps, to all of this. Stuart are they spending money . They are. The cafes were full, the restaurants were full. From the outside youd never know that anything was going on until you saw crowds gathering outside the Parliament Building every day. Its like its own mini economy. All the Street Vendors come out, theyre ready for the next protest, theyve got the hot dogs going and the corn on the cob, and its like, who is it today, the socialists, the communists . Theyre making money hand over fist. But there are a lot of tourists right now. Stuart so can tourists use their credit cards . Yes. Stuart thats not a problem . You could use your credit cards . Absolutely. No limit at all. Stuart could you go to the hotel atm and get as much cash only i had to prove that i was staying there and then you were escorted to the atm. Stuart you told me earlier greeks were lining up to buy highend items there was a time where it looked like the banks were going to get under. What money they could get, they were trying to buy highend yams, chanel handbags, electronics, trying to get something of value for their money. Stuart thats the lines at banks today. Remarkably orderly, and they have these Bank Managers who stand outside, and they kept people calm. They were very respect. They dealt with people who were getting angry, and it was handled very well. I was impressed. Stuart fascinating. When are you going back . Well, the way the greeks spend money, maybe next week. [laughter] stuart you stay here. All right. Stuart another big headline today and its about technology. Lauren simonetti whats your name . [laughter] Lauren Simonetti there you go. Stuart has the story in case you missed it. Good monday morning. If youre look agent the tech sectors record run and scratching your head take a look at this company jet. Com k. It launches tomorrow, it has no revenue and likely wont for years to come, yet its potential valuation at launch . 3 billion, making it one of the most valued startups ever. Its model is amazon, but it charges members 50 a year and promises them cheaper prices. That means sometimes taking losses to fulfill that process. If an item a customer wants is not on jet. Coms inventory or a partners inventory, it will then go to another retailers web site and buy and send that item and send it directly to the customer at no additional cost. Jet says this Business Model will work when it sells 20 billion worth of products a year, and they say theyll do that by 2020. But thats important because its about a quarter of what amazon sells annually and amazons been in business for 20 years. Stuart they have indeed. But thats a real wildcard, isnt snit to challenge amazon . Yeah. Stuart theyre worth three billion already potentially. Its because you have investors with all of this money sitting there saying what can we do with our cash . Everybodys doing everything on their phones, so they see promise in this model. And for customers i mean, id spend 50 a year to get cheaper prices than amazon. Stuart if you could, thats a good pull in, isnt it . Okay. Lauren simonetti yes. [laughter] stuart okay. Dont forget, you better tune in every morning at 5 00 eastern. Lauren simonetti sandra smith and nicole petallides, they bring you the news of the day fresh you should bring me coffee at this time stuart. Stuart i could. But you weenlt. Stuart im in the office at four. If you ask, you shall receive. Check the dow futures, where are we going to open this morning in about 24 and a half minutes . Up about 34 points, holding above the 18,000 level. But, look, heres what were really looking at when the market opens those four big tech names. All of them closed out last week with at record highs. Were obviously going to be asking is this bubble territory. In my opinion no, its not. This is not dot. Com room to run. Stuart yes. And if you look at premarket, some of those stocks especially amazon, its going to be up again today at the opening bell. The price of oil at 50 a barrel as of this morning. Price of gas leap, same old story, Holding Steady were at 2. 75 your national average. Heres a really big story about gas. California. The most expensive gasoline in america. The National Sorry the state average is 3. 87 a gallon, more than a dollar above everywhere else. Weve got a lot more on that one coming up. Its the greenest of course it is. Stuart its the greenies fault. Youll agree with that, katherine . Sure. [laughter] stuart president obama has not ordered the u. S. Flag to half staff after the five servicemen were killed in chattanoogas terror attack. Tennessee republican congressman scott deyo lay joins us. It was lowered for fort hood but not chattanooga. Whats your reaction to that sir . It needs to happen and it needs to happen soon. Stuart do you think it will . I dont know why it wouldnt. Weve lost five servicemen, and the flag goes to halfmast for all types of other incidents. We have five servicemen who lost their lives, i cant imagine why it hasnt been low arerred. Stuart the president wont use the word domestic terrorism and i dont think hes going to lower that flag. He has a hard time with that concept for some reason. We saw an example of it in chattanooga this past thursday. Stuart but theres one lasting thing which may a good thing which may come out of this. I believe youre sponsoring a bill to allow the rearming with guns, real guns, our soldiers in uniform on their bases in america. You started that, i believe. Right. I think a lot of people are shocked to learn they couldnt, but a department of defense directive in 92 disallowed the use of our military men and women arming themselves at recruiting stations and other installations. And so what were going to do the this legislation today will help reverse that decision and hopefully codify it so its there to stay. And its gotten a lot of momentum. Youre covering it on the show friday was a great help and weve had calls from all around the country and other members to move on this and let these people protect themselves and have a fighting chance. Stuart i have to ask you, congressman if youve got much democrat support for this. Actually, we have. Weve had people reach out and say this is just something that just makes sense. And we have support coming from across the aisle too, so i hope this moves quickly. Host congressman, we appreciate you being with us again this morning. Well be following this later on today. Thank you, sir. Thank you. Stuart Hillary Clinton taking direct aim at high income earners with a platform, shes going to lay it out, higher taxes. She wants to take more from high income earners capital goings. Heres how it works. If you make a good living, you make a profit on a house, stock, gold or even bonds, you will pay a higher Capital Gains rate. She would take more of your profit. Cat lin, youre katherine, youre still with us, holding on for dear life. [laughter] thank you very much. Hillary clinton is still very likely to get the democrat nomination. In fact, as she turns left shes going to get even more, a better chance of getting the nomination. Absolutely. I would think that a lot of people would say maybe on the left, of course, that this doesnt really go far enough. Theyve been talking about these kinds of plans for a really long time, so theyll say, hey, look you have someone like Bernie Sanders, hes really going to go for it, hes a rebel against the establishment. And shes the definition of the establishment. Not just because shes a clinton, but because her policies are very much the same bad, of course, you know, diminishing incentives for people who work hard is never a good thing. Stuart have you any doubt she will be the democrat nominee . I dont i think she has to be. The clinton machine is too powerful. Stuart last question. Regardless of who her opponent is, do you think she wins . I think its going to be really hard to beat her, especially because i dont think theres a clear gop alternative. Stuart thats true at this point. Katherine, thank you very much, indeed. The unapologetic donald trump, he says veteran and p. O. W. Senator john mccain is not a hero. Okay, he qualified that within seconds. What do you think Lieutenant Colonel ralph peters has to say about that . Hes next. People with type 2 diabetes come from all walks of life. If you have high blood sugar ask your doctor about farxiga. Its a different kind of medicine that works by removing some sugar from your body. Along with diet and exercise farxiga helps lower blood sugar in adults with type 2 diabetes. With one pill a day, farxiga helps lower your a1c. And, although its not a weightloss or bloodpressure drug farxiga may help you lose weight and may even lower Blood Pressure when used with certain diabetes medicines. Do not take if allergic to farxiga or its ingredients. Symptoms of a serious allergic reaction include rash, swelling, or difficulty breathing or swallowing. If you have any of these symptoms stop taking farxiga and seek medical help right away. Do not take farxiga if you have severe kidney problems, are on dialysis, or have bladder cancer. Tell your doctor right away if you have blood or red color in your urine or pain while you urinate. Farxiga can cause serious side effects including dehydration, genital yeast infections in women and men, low blood sugar, kidney problems, and increased bad cholesterol. Common side effects include urinary Tract Infections changes in urination and runny nose. Do the walk of life yeah, you do the walk of life need to lower your blood sugar . Ask your doctor about farxiga. And visit our website to learn how you may be able to get every month free. Stuart an explosion in turkey near the Syrian Border has left at least 28 people dead about 100 others injured. No immediate claim of responsibility. A turkish official however, said authorities have evidence that the attack was a suicide bombing and suspect isis was behind it. Lieutenant colonel ralph peters is here. This is an explosion, maybe a suicide bombing, maybe isis. Very tricky part of the world. What do you make of this, sir . Business as usual. Islamic state will continue to do such attacks everywhere and turkey, turkeys in a difficult position. The president of turkey erdogan, actually he doesnt like Islamic State, but he has preferred them to the assad regime, so he kind of has looked away hes impeded our efforts to fight Islamic State from turkish territory. And now, you know, hes reaping the whirl wind. So turkey is going to see more of this, not less. Islamic states growing, not shrinking. Stuart a destabilization of turkey would be an absolute disaster. But i do want to move on to donald trump. Youre a military man, and here we have trump making really, i think dreadful comments about john mccain who is, indeed, a war hero who was tortured in a seat that please prison. Do you think that do you want to see donald trump as the president of the United States . Stuart donald trump is the p aperture in the derriere. Hes a clown. He hurts our country, he hurts our image in the world. Hes certainly going to hurt the chances of defeating Hillary Clinton. But beyond all that, calling out john mccain and saying hes not a hero, exactly how much military service has donald trump done . Stuart yeah. Hes got an excuse. How about his kids . Go to ranger school. The armys opening it up for gals now. These people have no record of service to our country, no interest in service to our country. Its all about selfservice. I mean Donald Trumps idea of a battle is a lawsuit. Hes made a career by hiring third rate architects and first rate lawyers. And not only dont i want him to be president , i personally for many years have avoided Trump Properties just because theyre so damn tacky. Stuart do you have anyone in the race that you favor at this point on the republican side . Well, the trouble is there are several people that a i think are good, and i really its like john kasich, i would like him to get into this. Scott walker has many, many good qualities. Im not bothered that he didnt finish college because look at what College Graduates have done to this country. I am bothered that he waffled about evolution. When a republicans asked about evolution, you know, how do you square it with your religious beliefs, the answer is simple, god made darwin too. Move on, get over it. Dont get bogged down by a sniper, thats a military rule. Marco rubios got tremendous appeal. I think hed be a great vp. Hes not quite ready for the main job yet. So there are a lot of people Mike Huckabee is affable very very likable guy. He and i would disagree on domestic politics. So the bottom line on the question youre asking me is i want i dont expect perfection. Its okay for a candidate to take positions with which i personally disagree as long as we agree on the majority of things. And i think people when they get locked up in one single litmus test issue do themselves and the country a disservice. Lets look at the total person. Okay, we dont agree on the environment. All right, i can move, i can move past that if were strong on the other issues. So, again, lets keep an open mind, see what the American People want. But donald trump, please. Do us a favor, shut up. Stuart we did i had to edit that. Stuart we heard that and i thought there was an extra word you were going to insert there, but you didnt. No. Im much too military disciplined. [laughter] stuart yes, you do, thats true. Thanks for joining us. Thank you stuart. Stuart hobbit this . How about this . A shark attack caught on live tv and the World Champion surfer who survived it says he may never surf again. Were going to talk with someone who swims with sharks next. When a moment spontaneously turns romantic why pause to take a pill . And why stop what youre doing to find a bathroom . Cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be Ready Anytime the moment is right. Plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in Blood Pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use. Insurance coverage has expanded nationally and you may now be covered. Contact your health plan for the latest information. Stuart threetime World Champion mick fanning fights off a shark attack at a competition in south africa. You can see in the video the fin emerge right behind him x then fanning punches the shark. He punched him in the back apparently, he was aiming for his nose. Come on in expert joe romero who joins us now. I am told that if you want to fight off one of these sharks, you punch them in the nose. Look ive never done it, have you . Laugh. Well, i dont really think that any kind of aggression towards anything is going to get a positive response. But im sure that if you hit the shark in the back when it came up to investigate him he probably scared it off. It seemed like the shark kind of came up, investigated the surfboard. It looks like its normal prey item, and then it got caught up in the rear which looked very exciting for a moment stuart joe, you sound a little blase about this. Oh, no stuart the surfer says he was unnerved. No, i think its definitely, like, a superexciting amazing encounter. I just think its a very good example of showing an animal coming up and and mistaking something for its natural prey item. Youre kind of proshark arent you . Im pro everybody. Honestly, i want sharks and the people to live together similar by yachtically, and i think surfers in general are one of the most enlightened groups of people. These situations happen to surfers, and they still go back out because of their love for the ocean. They know the situation is so rare. Stuart well, im not sure how i would react if i had been bumped by a large shark, but i think i too would be unnerved. Back to the ocean. Get out there and swim with em. [laughter] a brave man, i might add. Thank you joe, good to see you. Thanks. Stuart all right. What have we got next . The opening bell for you. The big name tech stocks are hitting lifetime highs. Netflix, amazon, facebook, will they go up some more when the bell rings in just a couple of minutes . Well take you there. Youll watch money being made. [laughter] tree and this guy is a clown. He hurts our country and our image in the world. He will certainly hurt the chances of defeating Hillary Clinton. Beyond all that, calling out john mccain and saying he is not a hero exactly how much military service is donald trump done . Stuart ralph peters clearcut opinion. He certainly let us know how he feels about donald trump. We started 9 00 a. M. Eastern. Be here at the open to catch all we have for you. Expect in a gain of about 40 points with all the dow are up and running and we have indeed opened 14. 5. We are up 18. We are modestly up this monday morning. More big names. They have record highs last week. Google, netflix amazon, face the good are they going to go up somewhere . Joining us, Ashley Webster schilling cant ann scott shall it be in chicago. Do you think before tech stocks stocks are looking a little bubbly . For netflix and google i dont. They have a lot of underlying growth. Amazon which is marginally profitable, yes. Face the definitely yes. Im drawing a distinction between these publicly traded stocks in the private companies or private shares have been traded like uber and bmv. Youre nodding your head. I draw a distinction between amazon and google and you too i think. We get confused here. A lifetime ago the New York Stock Exchange was time to get more financing and the weather bigger Better Things and help them expand. Now we are throwing ideas at the wall in hopes we can bring a tear to. Everything is a little bit out of control because of funding around the world but especially the ones that havent hit the market by yep. I think that is dangerous. Stuart by the way amazon is that a lifetime high. 490 is the lifetime high. The nasdaq composite at a lifetime high. I may go back to you for a second. Nasdaq is where the Technology Stocks go home. Do you think the huge runup in technology has run its course . Not questioning whether its a bubble or not. As they run its course . Again, to scotts point that is the problematic area. The big company with real growth in product has a lot of room to go. It may not be smooth but theyve got room to go to the upside. Stuart ashley i want to draw a distinction between these names and the crisis of the 1990s. Theres a huge distinction. These are proven as benchmarks back in the 90s and the. Com bubble money was ridiculously pouring men with absolutely no basis for it. I dont think we will see that. It is a bubble for major companies. I remember when it was worth more than general motors. That didnt work out. Lets move on to an amazon rival in the making. Jet. Com will launch a fullscale operation. It wont be profitable for years and years but its worth 3000 already. Jo ling kent no slips going on. I do. They are saying they can provide you product comparable and i will undercut prices. The issue is its made no money. Had a trial run back in march because of the way the model works. If they know not the product and inventory they will go and purchase from another retailer for you but still on our low price. Stuart lets be clear. This is not an ipo. They are very far away from an ipo. If you look at this they dont make any sort of money right now. They raise millions of dollars. They only have 4. 5 million products available with so much more. The selection is very low. Do you have the biggest names back in the company. Google ventures Alibaba Goldman sachs. So they do see quite a bit of Growth Potential here. I want to sit down with the ceo and talked to him because it seems a little bubbly. Stuart ive got a look at the price of gold. Earlier today in your 1098 bounced back a little but its still down 22 bucks. Scott you are the commodity guy. Explain this to us. Apparently a large order hit the market today are overnight. The same time the rhetoric about aba september rate hike which is made the dollar was stronger. The overarching theme is the only real reason i want to go dies in as we have some sort of in elation worry. By the way the government looks at things i dont have an inflation problem. No inflation, no armageddon. Stuart dont touch it with a 10foot pole. May i translate. Ive got a defense deal. Lockheed is by United Technologies sikorsky helicopter unit. They will pay 9 billion in cash. Both Companies Stop blocking up a fraction. Look at mining stocks. They are taking a hit after the price of gold and other Precious Metals fell because the u. S. Dollar and all of those stocks are down in percentage terms. We saw them quoting percentages that are all down. Ebay spins off paypal. The stock prices please. Really great so far. Analysts running ratings today. A moment ago over 8 . Ebay is down 2. 3 , but paypal with a new Ticker Symbol is higher and reintroduced into the nasdaq. Remember that guy elon musk from tesla. They put this together. It was publicly traded and taken over back in 2002. Now off the highs of the day but still a winner. The best way for online and mobile. They will still market share from some of the other things such as striping square. Stuart is keith still there . I want to ask you about paypal. I then upandcoming technology . Even i know that. Are they in double territory . No this is an interesting spinoff and its very attractive to me because they do offer viable competitive mechanism. They move billions of dollars. The fact they have a second run at this is fantastic for investors. Stuart do you own it . Full disclosure, do not recommend it dont own it. Stuart i know where its coming from. Tune in every morning 5 00 a. M. Lawrence sandra, nicole petallides, they get up early to bring in the earliest news of the day and that is one great show. Monday morning for a friday morning. Never mind spending observation. A College Student flows through 90,000 spends it on clothing and travel. I want the story, please. 22yearold amy. Apparently grand parents set up a fund for her for college. 90,000. A very sweet deal if she put it. She spent almost all of it and doesnt have enough money for the senior year when asked what happened she took an educational trip to europe and clothing. So she blew it and she blames her parents for not teaching her how to budget properly. She blames her parents. She is young. What do you think about this . This is a huge bummer. Think about the grand parents who worked so hard and it was blown. I think every young person at some point in their life has to learn a lesson. It seems like this stuart blame your parents for not teaching you how to budget. Unbelievable. I hear commenting this morning. Kate your comment please. I worked my way through school. This is preposterous to see 90,000 get spent to not realize they work for you for you. The reason shes got no last name is because her parents have disowned her. I think we better wrap this one up before we go overboard this monday morning. Thank you one and all. The dow industrial may 13 points higher. A fairly flat open with a lot of great stories. Coming up, 20 minutes from now Charlie Gasparino said trump for president a pure fantasy. Gasparino 10 00 a. M. This morning. Lets give it the full details. Up 16 points. 18,100 is where we are this monday morning. The troublesome gaps in our immigration policy. How an isis terrorist could enter illegally using a student visa guestworker or refugee. Explaining that on next. Are you moving forward fast enough . Everywhere you look, it strategy is now business strategy. And a partnership with hp can help you accelerate down a path created by people, technology and ideas. To move your company from what it is now. To what it needs to become. Stuart im calling it pretty much dead flat this monday morning. 181 almost. We do have a new high for the nasdaq. A name tech stocks are really matter bradley. 5200. Amazon hating a lifetime high is actually closing in pretty close to 500 a share. The higher profit at Morgan Stanley touched a new high earlier of 4104. Now days. It has begun in Jordan Spieths contention to make history. Look at the leaderboard. Spieth just teed off. Which means he must of her birdied the first hole. I didnt think he looked as strong, the let me tell you he sunk that part. How can you say i am just telling you what i saw my friend. They love to play together. They had similar games. He looked superstrong striking out there. But now that he is dropped for birdie he is on the road to win this thing. This sets the pace this very strong sunday. Watch out. Stuart the story thus far has been the weather. Its raining right now. Cats and dogs. Treated to have a suspended play . Can they suspend play . Is amateur. So impressive. I thought he was going to cry. He was standing off to the side with his eyes closed looking nervous. It was impressive. This is exciting. Stuart ashley and i were talking earlier. Do you know what the odds were . 1500 to one. Hes an amateur. He won the irish amateur opening. He played his college in the u. S. Stuart he is now 12 under tied with spieth for the lead in he would break an 85yearold record if he won the last time an amateur one event. Stuart who was your heart rate . Spieth. I want him to take this and win the pga champ and ship. That would be the most exciting thing. Kristin lewis. He just birdied. 13 under . He is super experience. Hes won this before in 2010. You want to spieth to win. Stuart i want to see new phenom and golf. Are you going to be with us for the next couple of hours . I have to say right at the start is our next guest has helped me with integration issues. Get that out there. Now there is a report that says the u. S. Welcomes about 100,000 muslim immigrants legally each year. That is the Fastest Growing in a good group coming to america. Michael wilde joins us here in new york city. I know youre a democrat. You told me youre a democrat. Do you think do you think we should now stop or vastly reduce muslim immigration to america . The next greatest invention or solution may come from a muslim position. We must stop the hijacking and the proliferation of homegrown terrorists. But the fbi law enforcement. Immigration has sixstory play at the porous borders and its time to fix it. Students, clerics, diplomats in the country without proper visas. We cannot throw out the muslims like in the 1800s and they tried to get rid of chinese. They competed with jobs and they dont want them anymore. Stuart but can we operate a more effective filter on those muslims coming to america . Absolutely we need to. A lot of rules on the books stop people from getting in the country. There needs to be redundancy is the most miss. They have to be available for analysis and Forensic Sciences and who are they with. The lone wolf that takes travels. We want to make sure we treat this as a war on terrorism, do we separate those people in jail and yet we dont have the procedures of intelligence and law enforcement. That means weve got to get the foot soldiers and we have to stop the nation. We are not going to take people of faith. This is the greatest experiment in democracy and we will not set a policy on fear. Stuart how far would you go . For example something called the diversity piece. 55,000 green cards to people at the end of the year because we want to have a representation of those countries that dont come. Stuart dont most of the search 5000 visas go to muslims . No, no. Most of those visas go to people that havent applied historically from certain countries because they want to have diversity. Frankly speaking and i will embarrass my father who started our firm back in the day. It doesnt make sense of the world looking at content and carrot dirt and a war on terrorism to a 55000 green cards randomly sent down when consulate are now backed up for a decade and the american employers. We need to have a quality in quantitative and seamless redundancies between lawenforcement and intelligence services. We dont have that now. We have it more than a decade ago but we are still miles away from brothers and sisters in his state of israel who would sell with multiplicity of systems. Stuart im almost out of town. What do you think about the president bringing in 5 million undocumented illegals and giving them green cards Social Security cards. President reagan has 11 Million People here unlawfully. We dont have enough handcuffs airplanes to remove them. What are we going to do with them . When we give them Social Security cards or people are waiting three four years . Every mayor in the town im a former mayor new jersey is trying to deal with position of comfort. We should at least have insurance. You a laborers, masters sons commissions and housing because we have a deafening silence from washington. Stuart we are out of time and not the last word. Thank you very much. It is an historic day. Cubas usmc opening in washington. What that means for lung Cancer Patients here. There is that aside. A knack for predicting the future. Reflexes faster than the speed of thought. Can a business have a spirit . Can a business have a soul . Can a business be. Alive . Hi my name is tom. Im raph. My name is anne. Im one of the real live attorneys you can talk to through legalzoom. Dont let unanswered legal questions hold you up, because were here were here and weve got your back. Legalzoom. Legal help is here. Mom has always been one of those people who needs to keep busy. If shes not working in her garden, shes probably on one of her long walks with bailey. She was recently diagnosed with a heart condition. I know shes okay, but it concerned me shes alone so often. So i encouraged her to get a medical alert button. Philips lifeline offers the best options to keep her doing the things she loves in the home she loves. If she ever falls, or needs help, i know we can get to her quickly and with her condition that can be critical. And even though she doesnt typically go far from home, the button always goes with her. These days, shes still as busy as ever. Just the way she likes it. Innovation and you. Philips lifeline. Lifeline is americas 1 medical alert service. Visit philipslifeline. Com caregiver today or call this number for your free brochure and ask about free activation. The stuart this is a fascinating story. Cubas usmc opening today in washington. Cuba has a long cancer vaccine and because of the diplomatic relations, the vaccine could come here. The doctor is saying. Dr. Mark steel. First of all, does this work . I think it does. I was dubious at first. I interviewed dr. Calvin layup roswell park was the top immunologist aaron showed me statistics. They looked at 5000 people who had widespread lung cancer. Over a fiveyear period to 20 were still alive compared to a group that didnt get the vaccine nobody was alive. Stuart socialist medicine is wonderful. Look at this. Do you believe this . Yes. In cuba they focus on vaccines infectious diseases. Berryville science. The fda will take a while to approve this because its very unusual. Stuart this may come to america. But she cant sell it on the open market until the fda says that fda says weve tested it tried it, prove defendants out there. Will probably go six months from now it will be on the market. The next question is what company is going to represent it. A dollar a dose in cuba. One dollar a dose in cuba. It comes over here. If the fda says go for it you dont think it will cost a dollar a dose here . No, i dont. It is not a very complicated vaccine. It shouldnt be even in the United States within 50 or 100 a dose. I cant believe its more than not. Wait until the lawyers get a hold of that vaccine. They will sue you up it was due. Tracked i hope it stays cheap. Very little side effects. It works. Few side effects and right now its cheap. An exciting addition to the arsenal. We will take you. Thank you very much. First hour of Varney Company on the books this morning. Heres so we have for next hour. Gasparino says Donald Trumps president ial candidacy. It might take that as the greatest five. The second hour of Varney Company is a mere two minutes away. So youre a Small Business expert from at t . Yeah, give me a problem and ive got the solution. Well, we have 30 years of customer records. Our cloud can keep them safe and accessible anywhere. My drivers dont have time to fill out forms. Tablets. Keep them all digital. Were looking to double our deliveries. Our fleet apps will find the fastest route. Oh, and your boysenberyy apple scones smell about done. Ahh, youre good. I like to bake. With at t get up to 400 dollars in total savings on tools to manage your business. The big stories this hour. Donald trump reducing to apologies for his comments about john mccain. Plus california waking up to sky high gas prices and they can thank the green ease, that would be my opinion. And what do you do if a shark sneaks up . Do they sneak up . I dont think they believe. This they come up right behind you. This guys reflexes may have saved his life. And this time it is Ashley Madison. A website that helps married people cheat. Threatening to expose all 37 million of them. The second hour of Varney Company starts right now this our the Cuban Embassy in dc expected to open. The flag will be raised, their flag. Historic day for the u. S. And could you be pap officially restoring diplomatic ties and reopening their embassy for the first time and a half century. More on this later this hour. To greece. Banks reopen today. Theyve been closed for three weeks. Cash remains limited. There are restrictions on place on how much you can get out. There are weekly cash limits on withdrawals. Greece has received some loan money but using it to repay loans of the imf and Central Union bank. Round and round that money goes. And turkey at least 28 dead and 100 injured. No immediate claim of responsibility. However a turkish if i believe says theres evidence of a suicide bombing and suspects isis was behind it. Check that big board. Im going to call it pretty much flat. We are down only a fraction. 13 points lower. But amazon hitting another lifetime high. Yes, it is indeed closing in on 500 a share. Ebay spins off paypal, and we have paypal a clearcut winner of 5 gain there. New highs for big names that you know all over again. Seems like last week. Nike and disney new highs there as well. The other side of the of the coin is gold. Right now it is down 27. 60 at 1,104 and the movements in the dollar account for that loss of gold today. Lets get to it. Donald trump. He says hes not sorry and will not withdrawal from the race over remarks he made about john mccain. Listen to what he said. Hes aint war hero. Hes not. Five years. He was a war hero because he was captured. I like people who werent captured okay . A war hero request because he was captured. He responded to his critics by the way in usa today. Heres the quote. Well, one of them. John mccain has called his own constituents who wants to secure border crazies. No one in the news media including the National Committee criticized for those comments. You said all long that trump in the white house is a fantasy i think youll see that again this is all about not for him to become president but full disclosure i like donald. Great businessman. This is for him to improve his brand, make his brand bigger than ever. And if you look at what hes doing thats not happening. I think it is wait a second. You have these nasty words about mexican people. I think you have this outrageous comment about john mccain yeah. I dont think that enhances his brand whether hes in the race or not i think that if you know anything about donald trump this is a guy who is sort of a creature of of the new york tabloid media environment where its very very sharp elbows. He goes after his critics. He doesnt shy back. He never apologies. Thats been his mo for the last 30 years when he switched from becoming mainly a real estate tycoon to someone who basically makes money off his brand, the trump brand. And im telling you he has enhanced his brand in so many ways. Wait a minute. How on earth can you say that he has enhanced his brand when he hassanwhen he has insulted mexican people when he made that comment about mexicans, it was disgusting. But when he did that at the time his poll numbers went up. Thats what he based it off. Now, its unclear whether his poll numbers will go up on this mccain thing. But look hows hes trying to change this. Hes trying to change it of john mccain is not good for veterans. What was the line he had . He cares more about the border in iraq than arizona. And im telling you he will get fans from those. And a year ago we will not remember he does not care. There are a lot of questions about what his true intentions here. Whether its actually to be president. I truly believe he wants to be president. I really believe that. And thats the question that we asked him last week lets get serious for a second. Ly i think donald trump was on a roll all last week. He made these comments about mccain saturday, refused to apology sunday, i say that his decline in the poll starts today. Am i wrong . I dont think he was ever a serious candidate to begin with. I say hes not now. There are 15 of the democrat and the black Panther Party and theres a fringe element of the Republican Party who i guarantee stays with him i dont understand we just ignore the fact that he has become number one in the polls . Among 30 people. Among 30 people but whatever essaying has resonated amongst 30 people people dont want truly. Im not a cheryl im not an expert at stats. But neither am i. But what do you think the margin of error is that hes resonating. Im looking at the poll numbers. Among youve got 20 people dividing up the lecture on the and yes he attracts 15 . And be careful when donald trump is resonating. Where hes resonating i think is going to be you measure it in the polls im not saying hes resonating now. I think his comment over the weekend is outrages and his decline starts now. I think hes going to maintain 10 to 15 of the looney toon vote that will be it. Theres a difference between 10 and 15 of a looney toon vote and 18 of the overall republican vote. No, listen 10 and 15 18 in the margin of error 15 . Thats my knowledge of stats. This is where hes always going to be right here. Im going to move on to to Hillary Clinton. Clearly the front runner for the democrat. She wants to raise capital gain taxes. Thats what shes going to announce later this week. And steve moore is here. I know what youre going to say that if you tax something more, you get less of it. So there will be less capital gain if you fax tacks it more. Less Capital Investment if you tax it more. But i put it to you what shes saying is tax the rich is maybe politically very popular in this country at the moment. What say you . Well, you know, you guys were just talking about the looney toon candidate of the republican side of the aisle. Theres a looney toon on the democrat side and that is senator from vermont, Bernie Sanders who was pushing hillary day after day to the left. And shes now making these statements that i dont think she i wonder if she actually believes them but now she is talking about higher capital gain taxes and if you listen to her speech, which is last monday, talking about this on the show. She was talking about how do we get businesses . Remember stuart . How do we get businesses to reinvest in this condition kidnap . This has to be a top priority. Shes right about that. How do we get them to reinvest . Ill tell you how you dont do it. You dont put higher Capital Gains taxes. Yeah. This is what fred president james said about the economy earlier this morning on fox business. Roll tape. You can complain about this or that being sluggish, but its not in an emergency mode. Okay. I think we broke it off right there. He said okay. Its sluggish, but were not in crisis mode. Kind of the new normal. I guess thats true, isnt it . We are sluggish, it is the new normal not a crisis thats about to happen. But what hes saying is its not that great. Thats what hes saying yeah. Well, look, i mean this we could have played that tape a year ago, two years ago, three years ago four years ago, this has been the whole story of the obama expansion that its timid and what i call pint sized recovery. There were 1. 9 growth when we should 4 . And, you know, we go back, youve seen these charts. If you look that the recovery versus the last seven or eight out of recession, this has not been the weakest but by far the weakest. So yeah, how could anybody argue against that . Were growing but much too slowly. And heres the problem with 2 growth stuart. You cant solve any of these major problems that we face as a nation. The number of people who dropped out of a labor force. The no of people in poverty. All of those problems dont go away with 2 growth, but you get to 3. 5 4 growth, you see big declines in those problems you know, you advise many of the leading republican candidates. You speak to to them oneonone, talk about the Economic Policy yeah. Cant you get any of them to pound the table for growth . I mean cant you . Well look, some of them are doing that. I think jeb bush when he talks about 4 growth as a kind of goal for the United States is saying exactly the right thing. And, by the way the democrats have said, you know, you cant get the 4 growth from here, but you can. You can get the 4 growth. You put in place a flat tax you let our Energy Industry go full guns ahead and get these regulatory agencies to come to heal youre going to get 4 growth in this country. I really believe its possible. Now, by the way stuart, we have also invited some of these Democratic Candidates to talk to us about growth, and they dont want to talk to us about it. They dont want to talk about how do you get the 4 growth because they dont think we can get there. Thats this election. Prosperity means growth, prosperity is the glue that binds us together. Come on. Weve got to have this. And the flat tax is the best keys to get us out there. Now, im bias because i help write it. But i think rand paul when hes talking about a 15 flat tax, can you imagine how many jobs we would bring to this can you be . By the way, with a 15 Capital Gains tax not a 30 Capital Gains tax like she really talking about you make awful lot of sense there, steve moore. You better come on the program more often. Take care we have the headlines that were watching for you. Lauren simonetti has them in case you missed it hi, stuart, on the ecommerce website it launches tomorrow and a potential evaluation of billion dollars, which makes it one of the most valued startups ever. Its model is amazon but it charges 50 a year for members and promises cheaper prices and that means taking lawsuits to fulfill that promise. And the city is opening a new 38acre test track today. Developed by the university of michigan. Its for Driverless Car Technology and will present all possible scenarios to potential drivers when theyre on the roads including sidewalks and construction barriers and the like. And if you live in a city thats raised the minimum wage Pay Attention to how much youre paying on coffee. Some coffee shops from oakland to chicago dramatically increase in prices. So its turning out to be 50 cents in some increases. All right. You have it. Thanks so much, lauren. Dont forget to tune in every morning at 5 00 with my lauren sandra, and nicole. Fbn a. M. Just get out of show and watch. You dont even have to get out of bed. Exactly. There you go. Two more big name stocks hitting new highs again this morning. This time its piano facebook at 95. 86 starbucks at 56. How about that . Coming up its a thrilling monday at the british open. Gerri willis has details in a moment. Plus Cheating Website Ashley Madison has been hacked and now 37 million users could now be exposed online. Ouch. More varney after this ill do this very quickly. The market has opened this monday morning and it is dead flat. However going straight up. And netflix still down, theyre not if a far away from the alltime high they hit last week, which is 117 for netflix. And all eyes on Jordan Spieth. Hes trying to win all four major championships in one year. Gerri willis is here. All right. Whats going on now . Well, hes on four right back right now. One of the hardest holes on the course. But let me tell you theres no competition here. Now 13 others under jack johnson at 13 under. Interestingly zack johnson is 39 years old. The same age as tiger. So when we talk about this young group of cowboys out there trying to do well, hes an older person. Louie is 32 i believe. So its interesting the kind of changes were seeing right here. Ourblew up on 2 and supposed to be on the old course, and hes, you know, he looks very nervous. Well, of course he is. Hes an ammeter and was leading the british open there for a while. But did he double bogey or triple bogey or what . Hes 2 over after two holes so only dropped a couple yeah. This is anybodys championship at this point. So many people could make a charge here. Jack johnson has the kind of experience that he could do it if he wanted to. Certainly lewis has done it before. He won in 2010. So lots of competitors and and have he very low scores yeah. Especially yesterday. They were really on form these gays great weather yesterday. Terrible weather today. So can we rely on you for updating the next hour absolutely you wont leave us and go glued in front of the tv like the rest of the building. Right. Thank you very much indeed. Now this. Ashley madison. Thats the website that helps married people cheat. Its been hacked. 37million cheaters could be exposed. Kurt the cyber guy is here. Im not nervous. I mean no laughing matter i dont know a lot of people. You know, they claim to have 37 million customers. We dont know for sure. But if thats true and even a portion of that, youve got a lot of nervous people out there wait a second. What did they threatening to reveal about these 37 Million People . So you have a hacker group out here that is saying quote customer records including profiles with all the customers secret, sexual fantasies, their credit card numbers, their birthdays their real names addresses and employee documents and emails now do we know for a fact that theyve got all this information or are they just putting the fear into 37 Million People . You, you know, at this point you would think Ashley Madison saying they do not have this information but they have not. In fact, theyve long been quite boastful about their security. Yet here they are just like the rest of the world. Vulnerable and hackers said they did it right. Theres a statement from the hackers saying were doing this because for 19 you canner race all of your sexual issues or whatever it is. Theyre very open about it. They say you live once, life is it short have an affair. Its a dating website for people who want to cheat. Thats what it is yeah. So the cheaters are about to get cheated by but we dont know this for a fact, and we dont know the impact team. Theyre the ones who were the hack. Thats who theyre claiming to be. But Ashley Madison has come and outta and indeed they have been hacked. And i promise you it was a very limited hack, they would have come out and said it was minor, but they havent. So this is ugly for a lot of people. And if the demands are not met and the demands we dont know what they are. But you thought what . They could be some group on moral ground looking for outcome. But its likely to be plane old cash. Theyre going to release all this information. Who in their right mind wish to cheat in secret would go on a website which had just been hacked . Who would do that . [laughter] im single today for this story. All right. You got to the bottom of it i will dig deeper into it if you would like. This is one of those stories we can go on for hours. Thank you very much. Coming up. A possible open door for terrorists. Could an isis operative sneak into america as a tourist maybe refugee. Is our immigration policy allowing that stuff to happen . Some say it is. Kristen will be commenting on that in the 11 00 hour. And californias big dream for gash. It requires special gas for its residents, and they are paying through the nose for it. More varney in a moment get excited for the 1989 world tour with exclusive behind the scenes footage all of taylor swifts music videos interviews, and more. Xfinity is the destination for all things taylor swift. California is showing us the future. And we dont like it. In fact, to be precise california is showing us the future of gasoline prices, and we really hate it. The average price is more than a dollar gallon more than the national average. Its close to 4 in california. Los angeles more like 4. 50. You want to pay that . This is what happens when you let the green ease run policy. In california you must buy special gas that has been specially refined for the state. There are only 14 refineries left in business can do that, so when one of them goes out supplies plummet and the prices go straight up. Thats whats happening now. Maintenance at the carson refinery boost prices all over the los angeles area. Remember this is exactly what the greens actually want. Much higher gas prices. So less gas is consumed and less carbon admitted. But theyre not honest about it. Instead of saying, look, expensive gas is the price we pay for green regulation and saving the plant, they dont say that. They blame the Oil Companies. And you know the billion hijack fund guy, he says inculpates charging up to a billion dollars a month for gasoline. Hes blaming Oil Companies for the antioil policies put in place by his fellow green hes. His his fault. Step back and look at the shortages today. Skyrocketing electricity prices. Again, because of green rules. And now gas crisis. By the way california also has the highest poverty rate in the entire nation. Perhaps one day all those everyday californians who have been voting left for a generation will wake up and smell the rot in their state. Until then, america can only hope that californias presently is our our future. Oh im supposed to tell you [laughter] having worked up ahead of steam in that little thing. I now have to tell you that 11 45 this morning wall street journal alicia finally will join us gas prices, california, and the green ease. She wrote the book on this, by the way, and shes our guest today. All right. Calm down and look at this. The astonishing moment of a surfer attacked by a shark. He made it out alive, by the way, with quick thinking. And marco mali. Hes a president ial candidate. He got bo o at a Campaign Event for saying all lives matter. More on this in a moment can a business have a mind . A subconscious. A knack for predicting the future. Reflexes faster than the speed of thought. Can a business have a spirit . Can a business have a soul . Can a business be. Alive . Okay. You want to know whats going on in the stock market these days, look at the nasdaq composite. Thats the home of technology and that what youre looking at is close to an alltime record high. It hit 5223 earlier today. Thats the high. Thats technology. We have yahoo going to spin off its stake in alibaba coming out to a separate company, no impact on the stock. Its at 39. Look at the price of oil. Its down to around 50 a barrel this among. That means it has lost 12th in the past month. No impact yet on the price of gas. And we have this from greece. They have paid off a small debt to the International Monetary fund. What does that mean . It means they paid off the amount they default. The 1. 6 million euros, and they got the money as a bridging loan if you want to get technical, they got like a 7 billion loan just to take care of these bills right now. Then like that process begins to get the 93 billion over three years the official bailout. So its just old money. Its going on and on and on. By the way the greek people suffering. They can still only get 60 euros a day out of the banks the banks reopen today. And sales tax from 13 to 23 on everything. So all your basics have suddenly gone up so life already is getting very, very difficult for the greek people who have already suffered through five or six years of recession. 13 so it was like a sales tax yeah. 13 to 23 yeah. That was one of the requirements from the eu being this money tougher being an ordinary person on the street used to be great. You retire at 48, hang out with your pals. Those days are long gone. Are theare they . I dont know well see. And ive got this. President ial candidate marco mali booed for saying all lives matter every life matters and that is why this issue is so important. Black lives matter, white lives matter, all lives matter. Im not sure whats going on with that. Youre booed off the stage when you say all lives matter. However, he was thern forced to apologize. Towards the end you said all lives matter, you said the phrase white lives matter. But i want to know if you understand the difference. What i first said was black lives matter. I meant no disrespect, and i did not mean to be incentive in any way all right. Fox news radio allen combs is here on that one. All right. You might want to explain this to me. What is wrong with saying black lives matter, white lives matter. Talking to a black audience like that he should have stopped at black lives matter why . Because thats what the audience wants to hear are you kidding me . I dont remember, alan. Come on. Im not done thats pure racism however, he should not have apologized for what he said see, say, because the true liberal thing to say is that all lives matter and he should never have called it a mistake. Once he said it, he should have owned it and understand apologized for it what do you make of a president ial candidate who grovels before his audience. That never happens and he didnt say all black lives matter and left it at that. Thats pathetic. Will you admit that . Whats pathetic is calling it a mistake. Its pathetic that we have the reached the point in this country on a on it issue of race that a man stand stabbed up and say all lives matter and he cant just say it. The fact he first booed for that is crazy. Hold on a second and watch this everyone, please, they are era raising like that cuban flag in washington d. C. Diplomatic ties have now been restored. We tried to break away from combs just for a second toecap watch his fellow travelers on the political left im sorry i couldnt resist. It. Great day for america and cuba. Okay. Theyre raising the cuban flag in dc. Its not quite all the way up yet. Getting there i think we get the point. Do you get the point alan . Yeah. Its called diplomacy okay. Your guys flag is going up in dc yes. Diplomacy. My guy . Am i cuban . No. Your political fellow travelers my fellow travelers Railroad People of the world who want to Work Together to make a better world and this is called diplomacy something the president has done very very well you might want to tell that to martin. I just said that he should be able to say that without being booed, and he should never have said it, it was a mistake well, what does it say about the Race Relations in this country where a black audience is not prepared to hear from a candidate black lives matter, white lives matter all lives matter. I agree with you. Youre not taking yes for an answer. But i think it would have been smarter if he had not said what he said in front of that audience. We all know when they speak to audiences, when right are wingers are speaking to a audience they tailor the message i dont think that america is a racist society. I think Middle America is the nonracist group of people ive seen in my life. And ive lived in various countries all around the world. I know what im talking about. Nobody is less racially cognizent if you want to put it like that than the Great American middle class. We have differences for crack and powered cocaine. Its not fair to africanamericans. We have poverty in america thats all youve got . The difference between powered cocaine and crack cocaine . Im giving you one example of how the criminal Justice System is not fair to africanamericans. And penalty. And poor people orphan not very responsible attorneys who often fall asleep at their trials and have to take state attorneys. Theres a systemic problem in this country to race and after six seven eight years, president obama the first black president still in the same boat . No improvement whatsoever . Its not up to one person to make an improvement. There are problems that transcend the branch. Thank you very much. Seriously, you know, we welcome you on this program im so pleased to hear that. Youll be back. Thank you blake berman, youre at the embassy, the flag has been raised. Tell me about it been watching a little bit of this, stuart, for the first time in 54 years. The cuban flag is on the embassy here in dc. You know, this could be really any one of 1,000 buildings here in our nations capital. But for the first time in five decades, weve seen this flag go up. It is a day of ceremonies here. Both what weve seen and nondeposition transcript over at the state department. The cuban flag was put back up at the state department, secretary of state john kerry will be meeting with his counterpart there later today as well. Seeing people chanting on both sides for a free cuba, also folks chanting asking for the blockade the embargo to be lift travel restrictions to be lifted. But as you know that is the next step and the political step Going Forward with all of this as travel restrictions are still in place the embargo is still in place. Republicans have said that will be a tough lift, and theyre not for lifting the embargo, at least at this point and potentially might even block the ambassador. As i talk to you theres protesters on both sides going at it, stuart, im not sure if you can hear it over my shoulder. Certainly an emotional day outside the now Cuban Embassy in washington d. C. I would like to know when those cubans who had their property and money confin skated you get there back. I dont think president obama is capable of negotiating that. The nasdaq pulled back i like that a little bit. But i want to look at the technology names. Were in the middle of earning seasons. Are these Companies Making money . Are they profitable . Well amazon at least today apple, linkedin, google down 683, willing still significantly on a multibillion dollar capital thats the together watch today, stuart thanks so much, cheryl. And reports that president obama planning to collect data on everyday individuals. And its for a secret race database. And it was a giant step for mankind. Did you believe its been nearly five decades since this moon landing . Yeah, it is. More Varney Company next why should over two hundred years of citi history matter to you . Well, because it tells us something powerful about progress that whether times are good or bad, people and their ideas will continue to move the world forward. As long as they have someone to believe in them. Citi financed the transatlantic cable that connected continents. And the panama canal, that made our world a smaller place. We backed the Marshall Plan that helped europe regain its strength. And pioneered the atm, for cash, anytime. For over two centuries weve supported dreams like these, and the people and companies behind them. So why should that matter to you . Because, today, we are still helping progress makers turn their ideas into reality. And the next great idea could be yours. Im nicole with your fox business brief. And we see the s p and the dow pulling back just a little bit. The nasdaq has hit a record alltime high once again. The down just fractionally at the moment. Dow down 8. S p down is. Weve watched goll on the move as well. Gold down 26. 56 right now and gold stocks moving down along with it. Really dragging the gold stocks and down almost 10 . Gold cops also to the downside and one of these actually hitting a 52 week low. And Morgan Stanley with its profit numbers revenue but we are seeing it right now down a quarter of 1 . And names on the move. Essie and gopro after gaining big on positive comments on friday. Gopro higher. And 5 00 a. M. Along with Lauren Simonetti and sandragigs,se gi smith start it off here me get ready for tax time. To separate expenses,i just swipe. Its one hat i dont mind wearing. [passenger] i work for me. And so does quickbooks. It estimates my taxes,so i know how much stays in my pocket. And thats how i own it. [announcer]stay in the flow with quickbooks selfemployed. Start your free,thirtyday trial today at joinselfemployeddotcom. Usaa makes me feel like im a car buying expert in no time at all. There was no stress. It was in and out. If i buy a car through usaa, i know im getting a fair price. We realized, okay, this not only could be convenient we could save a lot of money. I was like, wow, if i could save this much, then i could actually maybe upgrade a little bit. And it was just easy. Usaa, they just really make sure that youre well taken care of. Usaa car buying service. Powered by truecar. Online and on the usaa app. Theyve got the flag up now and you can see the stars and stripes on the lunar mission. Beautiful. Just beautiful. Thats one small step for man. One giant leap for mankind. Thats extraordinarily, isnt it . 46 years ago first man landed on the moon. 1969. I was in iran it was my 8th birthday. Its my birthday today and no one was wanting to Pay Attention to my presence. They wanted to watch the men on the moon. 65 . Wow. May look it, but im not. And you heard my take on california as in gas prices and what the green ease are doing to gas. Up 65 cents this week in los angeles. I was looking at this earlier, and if you look back in the 80s and 90 doesnt california used to be on par with the rest of the nation. Thats not the story now. Par and the rules very different be of course you and i used to live there. They have a different type of blend of gasoline. So thats so that does increase the cost what, yeah, about something was demanded by the greens the green proponents in the state. But now what were seeing and your point of the reservoirs and the water shortage that you made earlier is another example of the green initiatives and the greenies taking over the state. But i will tell you theres a big movement particular in Southern California where you do have more conservatives that are tired seeing what happened to the state and you will see a little bit of a change. Im more concerned people forget that san diego is very conservative, by the way used to be. I dont know about now. Never elected a republican. Dealing with the whole l. A. Crowd, which is a lot more liberal than you were dealing with uhhuh. And the San Francisco crowd as well i dont think theres any hope for california. I dont see them seeing the political light. I dont see it. They dont believe in markets they dont believe in capitalism, they believe in green they believe in water and help celebrities get busted with their water shortage issue all this water shaming youre seeing. And not upon intended really . Do you really think california is going to at the end of the day money talks. And i dont care how green i am as a person, and im not saying i am. If all of a sudden my water bills are skyrocketing and my gas is 6 a gallon, im changing my tune. Theres only so far that state can go before they will hit the wall when it comes to green initiatives and i think its coming soon okay. Thats a good last line, and ill take it and be quiet. Okay. Now this. Wait for it. President obama is collecting the personal data of americans for a secret race database. Ashley whats going on . An unprecedented collection of personal data. That was put out by a fellow at the hoover institute. This isnt just some act, you know allegation. This is whats been going on. Amassing information on everybody to be used as a Permanent Network of discrimination databases. So theyre looking at the disparity between between black neighborhoods caucasian neighborhoods, Health Systems where there are disparities. And then these are going to be loaded into a database and used for future cause use the for civil rights lawsuit to help in cases what they call disparate impact. Thats the name of cases where people are not getting treated fairly whether it comes to your scoring banks, for instance theyre going to collect data on banks. Who gets loans, who doesnt so theyre collecting all of this data yeah. Going to get it on every american every american out there. Grades everything about you. Education level and everything and then turn all of that detailed information yeah. Over to lawyers yeah. Who will be able to access it based on the information collected on those databases this bank did not give enough loans for mortgages to this group of people exactly this school disciplined too many people of color right. This university didnt promote the right people into the right courses exactly or right grades so its used to bolster those potential lawsuits thats an obsession with race well, its his legacy. This will be done before he leaves office and then the results will become parent after he leaves office thats exactly right . There will be hundreds of thousands of lawsuits if this goes through yeah. And it is going to go through it is. Its being done right now. Welcome back, ashley, fine information. Coming up this nearmiss with a shark caught on camera. It involves one of the worlds best surfers. Would you know what to do if a shark goes aafter you like that . I certainly wouldnt. I dont know how to swim. I think its deferential a super, exciting, amazing encounter. 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Go long™. All right. Take a look at this. Caught on camera remarkable three time world surfing champion fighting off a shark attack. So how did he do it and should you do the same if you encounter a shark . Joining us now robert gray, robert, im assuming youre a good swimmer. Whats the answer . Do you swim fast or stay still or whack it in the nose . Well, it depends whether or not the shark is feeding. They said that this was most likely curious about nick as he sat on his surfboard since he got only the fins and not the teeth. Which he said after the event. He turned around and kicked the shark and hit the shark. And the only injuries he got were just some bruises and cuts on the hand from punching the shark. Whats also interesting to note is his competitor Jillian Wilson was also in the water waiting no his turn to surf and saying that he was paddling toward his friend saying he had a weapon in his surfboard and theres actually a photographer in the world. He actually waved off the jet ski and swam to shore. Now, i talked to the ceo of the World Surf League earlier and he was with me moments ago and they said theyre looking for new ways to detect sharks before they get on the scene were constantly looking at technologies that will allow us to make sure that we can offer safe environment for athletes. Drones are relatively new. The opportunity for us to take live feeds from drones, drones is new as well. So were certainly will be implementing as soon as possible a system where we can use drones to spot any risk in the water. Inclusive of animals. And the surf tour of course lucky to have gopro and they work put them on the drones and under water cameras as well. And the u. S. Open coming up next for them. July 27th will be just down the coast at huntington beach. Back to you in the studio. Robert, great stuff. Next time i expect you to be in a wet suit out in the ocean seeing if you can find any sharks. Thats a great assignment. Surfs up surfs up, dude. Hang ten. Thank you. If robert doesnt, i will. A full two hours of Varney Company in the books. Here are the highlights on the way. I think its a good example of showing an animal taking up and something for its natural prey item youre pro shark arent you . Im pro everybody. Honestly i want the sharks and the people to live together really and i think surfers in generally are one of the most enlightened group of people stuart if you want to be the president of the United States act like a president. Donald trump has declared for the presidency, but he doesnt sound like the person most americans want to see in the white house. He had already made divisive comments about people from mexico, followed that up by demeaning the intelligence of a republican competitor and then on saturday he said former p. O. W. John mccain was not a war hero. He quickly qualified that saying he is a war hero because he was captured. Loose lips like that can sink a candidacy. John mccain spent five years as a prisoner of the north vietnamese. He was tortured brutally. He was offered Early Release because his dad was an admiral, but he refused. To question his status as an honored american is morally wrong, and it is in my opinion, political suicide. Tonight donald trump will appear on the factor with bill oreilly. We are told he will explain his comments. I dont know what mr. Trump will say, but an explanation misses the point. He opened his mouth and what came out was decidedly unpresident ial. Heres my bottom line. Donald trump has brought direct sharpedged language to the election race, and many people like it. But heaven forbid mr. Trump should ever be called mr. Prime minister. Mr. Prime minister. Mr. President. Trump is the aperture in the derriere. I mean, this guy, hes a clown. He hurts our country he hurts our image in the world, hes certainly going to hurt the chances of defeating Hillary Clinton. But beyond all that, calling, you know, calling out john mccain and saying hes not a hero, exactly how much military service has donald trump done . Stuart very much direct and to the point. That was colonel ralph peters earlier on this program this morning on donald trump. Joining us now is fox news senior political analyst brit hume. Brit, welcome back to the program. Thank you, stuart. Glad to be here. Stuart ive said on this program today that donald trump was going up in the political a world until friday. As of this monday morning, hes coming down in the political world. What say you . Well, i think thats, that will prove, ultimately, to be true if it isnt true already. I dont think that this kind of talk about somebody who whether you like mccains record on various issues or not is undoubtedly a war hero are going to be helpful to him for very long and they make him sound like a bully and, you know, kind of a sixth grader hurling personal insults and so on. So it does not suggest that kind of, you know maturity and gentlemanliness that i think most people expect from candidates even in the rough and tumble of a campaign. Stuart now two president ial candidates, marco rubio and governor of texas, they have come out and said, look, this man does not belong in the race. Withdraw. Do you think thatll have any impact or will he just take off against rubio and the governor of texas . Well i think yeah, i think perry called for him to get out youre right and i dont think its going to make him get out. He will be watching the polls and he will also be feeling the atmosphere with the crowds as he goes from event to event. Hes quite a curiosity now. Hes made a lot of news, and hes got a lot of money. He can finance himself for as long as he wants to go. You know, most campaigns, stuart, end when they run out of money because the support has dried up, and people dont think they can win, they wont contribute, and so you have to quit. He can wage a campaign indefinitely. Now, that doesnt mean hell be winning. I think he cant win. I dont think he could win the nomination, and i certainly dont think theres the slightest chance he could ever be elected president. So the question becomes for the Republican Party, okay, lets say we drive him out of the race or he collapses on his own does he go third party . And if he does, how much does he hurt us . Thats an interesting question. Stuart now, we heard that later this week Hillary Clinton will outline her plan to raise Capital Gains taxes. And take some more money off the rich. Granted, shes moving to the left. But is this now the static position of the Democrat Party tax the rich, throw out more goodies . Is that the establishment Democrat Party as they go into the 2016 election . Well, one way or another stuart, democrats stand for higher taxes on the rich in particular, more government spending, more government control of the economy. This is what the partys about its what its been about for as long as anybody can remember. And, you know, there are really no new ideas here. Its always a fight over whether they have a lightlyregulated, lightlytaxed economy or a heavilyregulated, heavilytaxed economy. Weve had that throughout this recovery, and look what its brought us the weakest recovery anybody can remember. So why she would want to at least be seen as advocating more of the same, i dont know, but i guess she figures if she can get enough democratic supporters to sport her, she can win. Stuart if donald trump declines and Hillary Clinton is same old same sold with policies that havent worked, maybe that opens the door for a republican to pound the table so that we get some form of tax cuts and a big jolt to growth in america. Maybe this is all a good thing. Thats well certainly a big jolt of growth is what america and the world need right now. Stuart yeah. And, you know the democrats policies seem unlikely to produce that for all they may say about growth which is, when you think about it, not all that much, and i think this is worth keeping in mind be, stuart. Its very hard for a party to elect its nominee three times in a row. We tend not to think about that because its happened within relatively recent history when george h. W. Bush was elected after two terms of ronald reagan. Before that it hadnt happened since roosevelt and it has not happened since. So thats always a hill to climb, and the republicans are advantaged by that that is correct. Stuart brit hume, thanks for joining us. Pleasure. Stuart check the nasdaq. We usually say check the Dow Jones Industrials well, now were saying check the nasdaq. Earlier today hit an alltime record high of 5223 look at it now, 5225. That is the result of the huge rally that weve seen in some of those biggest of big name tech stocks like amazon. It hit a lifetime high earlier now its 489. 58. It is indeed, closing in on 500 a share. Gold going the other way a big drop because of a strong dollar and the threat of a rate hike later year. Gold actually dropped below 1100 earlier this morning. Price of gas, pretty steady. Were down a little over the weekend, but 2. 75 is your average price. The most expensive gasoline in all of america is in california. That is at least a dollar above the national average. You pay 3. 87 on average in california from regular. Its more than that in l. A. As well. And then we have got a jet. Com. They start operating tomorrow. Be this is the latest online retailer. They say theyre going to take on amazon. Now, jet. Coms not going to be profitable for at least three years. However, theyve already theyre already valued at 3 billion. [laughter] cheryl, you want to explain this . Yeah. Well, this is begging the question instantly is there a dot. Com bubble again . Are we right back where we were in 1999 . And this is one of those stories. They dont make any money, they have 600 million in funding, already spent 40 million just to hire 300 people. Theyre taking a loss for some of their products. Yeah, theyre going to launch tomorrow. Theyve opened up warehouses in kansas, nevada, new jersey, but theyre taking on losses. I mean, its the same story over again. Great idea, great web site. Is it going to make any money . Stuart but the people who are backing them have some significant money. Goldman sachs is putting some money into them. Theres a couple alibaba. Yeah but when it goes public, its because the Investment Bankers make all the money. How many times have we seen this play out over and over . Stuart yes. How much, go back to the 1990s and all of those dot. Coms fizzled into absolute nothing. Pets. Com. Stuart they were nothing. Right. Stuart im not so sure i can say the same thing about jet. Com. Theyve got a solid business idea with solid backing. I mean, maybe the private guys will take all the money off the table and the ipo where the little guys get holding the bag but none nonetheless, i dont think this is going to go to nothing. I dont know, i dont like the Business Model. 49. 99, you can get these unlimited discounts. To change Consumer Behavior to get people away from amazon that is a tall it is. Order to. I dont see it. Thats just me. You know, i hope im wrong. I do. Because all those Goldman Sachs bankers can make more money. Yea, good for them. I know, im a little border. I was a reporter in San Francisco covering the dot. Com bubble with all these 26yearold brats running around [laughter] stuart do remember please there are four big name tech stocks that hit alltime highs last week, google, amazon, netflix, facebook. Now, i dont think thats a bubble. Theres nothing bubble about google, netflix, amazon no. Stuart those are terrific companies. I watch netflix, and i enjoy the product and i pay for it. So whats the question . Stuart now this, ladies and gentlemen. Last hour we showed you the raising of the cuban flag at the Cuban Embassy in washington d. C. First time weve seen that in 50 years. Come on in, christian whiten, former state department official. Christian, to me, this is not about diplomacy. This is all about those cubans who were forced out of cuba 50 years ago had their property, their businesses and their money confiscated, and they want it back. But i dont think theyre going to get it back. I dont think president obamas going to negotiate that. Tell me. I think thats right. I think thats probably the farthest thing from the minds of the state Department Diplomats and white house diplomats who arranged this. I think they want a nice photo op. Theyve had a couple now. They want a feelgood moment. They go around saying things like this is going to be a great Business Opportunity for American Business neglecting the fact that cuba has been free to trade with 194 other countries that dont have an embargo, and there has been no economic renaissance there. They also say things like this is going to liberalize cuba politically neglecting this fact that china has not liberalized politically despite free trade. Stuart is this another legacy move by the president . It is. Of course, you know, he already has a legacy, but hes trying to put the veneer he wants on it. The iran deal is the major part. Going back to his enall rag address inaugural address right at the beginning, he meant that with regard to iran russia but also smaller dictatorships like cuba. The problem is were not getting anything in return. Stuart yeah. I look at the iran nuke deal and i question what did we get out of this. I look at the cuba american diplomatic exchange. What did we get out of it . I cant think of anything that we got out of it from cuba other than the president s legacy for solving or settling longterm problems. And it goes back to his world view that, frankly america is the problem in all of these equations, that it was the United States who somehow tweaked Vladimir Putin and that thats what was causing the acrimony not the fact that putin calculates his interests in a very different way than we would like him to do. Similar with iran. Not that they have this islamist government that theyve had since 1979 which has been at war with us since 1979, that its just, oh, about some coup in 1953, we needed to apologize for that. We just need to change our disposition and somehow people abroad will change theirs. Stuart wishful thinking. Christian whiten, former state department guy. Thanks so much for joining us. Thank you. Stuart check out this video just in. Fifa president at a News Conference, protester approaches, tosses a wad of money at him. The full story and the rest of the video [laughter] not a cream puff pie, i guess. What are you laughing at . Thats awesome. Stuart after the break, democrat president ial candidate martin omalley, he was booed at an event over the weekend. Why . Because he said black lives matter, white lives matter, all lives matter. And then he apologized. Full story in a moment. What is wrong with saying black lives matter, white lives matter talking to a black audience, he probably should have just stopped at black lives matter. Stuart why . Because thats what the audience wants to hear [laughter] stuart are you kidding me . Only on al come on, alan. This will not wash. Im not done. Im not done. Stuart that is puree schism. Can a business have a mind . A subconscious. A knack for predicting the future. Reflexes faster than the speed of thought. Can a business have a spirit . Can a business have a soul . Can a business be. Alive . Stuart it popped on friday after getting a shoutout from google. It is a different story today. No shoutout, down 7 . Ebay spins off paypal, paypal hits a high 42. 55. That was earlier. Its still up 2 at 40. Look at this a protester throws a pile of money actually sort of slapped it down in front of him, he didnt really throw it during a News Conference today, put it down in front of the fifa guy. [laughter] ashley, what exactly happened . This guy, his name is sam book, and hes a comedian. There goes the money. There it is. Of course, in the middle of this controversy about taking kickbacks to award world cup games and so on. In fact, that press conference was about when the election will be to have blather replaced. February 26th of next year. But this guy has a habit, he crashed kanye wests concert last month in the u. K. At the glass on the bury festival and also dressed as an english soccer player. Whats his name again . Simon broadkin. [laughter] stuart i suppose thats good kind of, its funny there are comedians who do this. Stuart was he throwing away dollars euros or zimm babb wan we dont know. Were looking into it. [laughter] stuart now a serious subject. The outrage from the left, im going to call it that, and democrat president ial candidate the left is outraged that the democrat president ial candidate martin omalley. He was booed this weekend after saying all lives matter. Listen. All lives matter, and thats why this issue is so important. Black lives matter, white lives matter, all lives matter. Stuart okay. Black lives matter white lives matter, all lives matter. Thats what he said. Hes booed off the stage and then he had to apologize. Look at this. Towards the end in your explanation you said the phrase all lives matter. You said the phrase white lives matter. But i want to ask you, do you understand the difference i believe what i first said was that black lives matter. I meant no disrespect. That was a mistake on my part and i meant no disrespect and i didnt not mean to be insensitive in any way. Stuart now, that was a grovel, was it not . Teaparty. Net chair niger ennis joins us now. Welcome back to the program. So if a white democrat politician says black lives matter, white lives matter all lives matter, thats not good. He is booed off the stage. We are told he should have said black lives matter and leave it at that. What the devils going on . This is absurd. And it is yet another manifestation and reflection of Race Relations and how they have deteriorated in the obama age. You know, another reflection of that, of course, is that the first black president , historic figure of the United States, has to have as his race goto guy reverend al sharpton. This is a reflection of how far left wing the Democratic Party has come and how bad Race Relations are. This group, by the way, one of the leaders of this group and the name of the group is black alliance for immigration justice they dont give a darn about black lives. They care they are concerned about rallying progressive elements all across this country. I guarantee you that they are soros funded and they have an agenda that has very little to do with black lives. Stuart why did he apologize . Was this Group Dominating the audience . I still dont understand. I have to ask you, why on earth did a president ial candidate apologize for saying what hed said. Because he lacks courage, and im very, very disappointed in governor omalley. He should have stepped up to the plate and had his Sister Soldier moment, if you will, and really chastise these radicals and say that if it is controversial for me to say that all lives matter white lives, black lives, all lives matter, then where were not on planet earth anymore, were in the twilight zone. And you radicals out there that want to engage in racial partisanship, i will not kowtow to you. He should have shown a little bit more courage. He might have gotten a blip in the polls and be up at 5 instead of less than 1 . Stuart what about Hillary Clinton . Surely at some point shes said either black lives matter, white lives matter or all lives matter. Is she going to be similarly chat thesed by chastised by the left . [laughter] i somehow dont think thats going to be the case. As i said to you, stuart this has very little to do with black lives. As you know, thousands more black lives are lost to criminals than to white cops or to cops period. But these folk out there dont protest that. This agenda has less to do with black lives and the quality of black life than it does with their radical, leftwing, Progressive Agenda that emanates from those, that grass roots element out there all the way up to the white house. Stuart ive got very limited time left, but i want to say this. Ive lived in four or five, five Different Countries this the world. I have never seen any group like Middle America which, in my opinion, is the least racial group, racist group that ive ever seen anywhere in the world. What say you . My father, roy ennis, the chairman of the congress for racial equality, said that the United States has gone to the greatest relatively peace beful social revolution peaceful social revolution in the history of mankind. Nowhere on this planet has a country changed so dramatically, so radically when it comes to Race Relations as has the United States. Im so proud when i hear you, a new citizen of the relatively new citizen of the United States, sing our praises stewart because it is youre quite right. You are spot on. We are the greatest nation on the face of the earth in terms of Race Relations, and thats the fact. Stuart well said. Niger ennis welcome on this program any day anytime. You come on back, son. [laughter] ill be there. [laughter] stuart thanks. Take care. Stuart bidding wars, back in the real estate game . Yeah, they are. What you need to know and if there are any deals out there. Thats coming up next. And its the story everybodys talking about. World champion surfer attacked by a shark. He fights it off, escapes injury. Listen to this. It seemed like the shark just kind of came up, investigated the surfboard, you know, it looks like its normal prey item which is a seal and then it got caught up in his leash which looked really exciting for a minute there where he got pulled back off the board. These two oil rigs look the same. Can you tell what makes them so different . Did you hear that sound . Of course you didnt. Youre not using ge Software Like the rig on the right. Its listening and learning how to prevent equipment failures, predict maintenance needs, and avoid problems before they happen. You dont even need a cerebral cortex to understand which is better. Now, two things that are exactly the same have never been more different. Ge software. Get connected. Get insights. Get optimized. Stuart the british open wraps up today. Could be Jordan Spieths shot at making history. To the leaderboard please. Zach Johnson Adam Scott they lead 15under. Spieth now trailing 12under. Ouch. What did spieth do . Double bogey on 8. Its been a disaster for him. Hes got to make a hard charge as we go into this back nine, and thats a difficult place to do it. Typically, you make your birdies on that front nine, and thats certainly what weve seen out of the leaders. Zach johnson the mans a birdie machine. Just a huge charge here. Stuart didnt they have one of those deep, deep bunkers, like a well, and he got into it, but he got out of it, which is a challenge, you know . Typically what you have to do is you have to get out of it forward or backwards which no golfer likes to do. Stuart but he did it. He got out. Stuart theres so some really big names so spieths got his work cut out for him. You dont know whats going to happen with the weve, its always a with the weather, its always a possibility. Are we going to see a playoff . Oh, my gosh, this is the never ending open. [laughter] yeah, right. Stuart you know, gerri willis is almost in tears because she really, really wants Jordan Spieth [laughter] i do. Twient make history. Stuart stay on it gerri. Talk to you later. Donald trump stealing headlines with his brash comments, weve got it. Has anybody noticed hillary going ever deeper into tax the rich territory . More on that in a moment. Usaa makes me feel like im a car buying expert in no time at all. There was no stress. It was in and out. If i buy a car through usaa, i know im getting a fair price. We realized, okay, this not only could be convenient we could save a lot of money. I was like, wow, if i could save this much, then i could actually maybe upgrade a little bit. And it was just easy. Usaa, they just really make sure that youre well taken care of. Usaa car buying service. Powered by truecar. Online and on the usaa app. Stuart to turkey, dozens are dead after an explosion near the syrian board. At least 28 dead 100 injured. A turkish official says it was in retaliation to the turkish governments fight against terrorism. Ashley, what do you make of this . This is interesting, albaghdadi, hes the head of isis, and apparently hes bang all beheading videos now. Have you heard this . Stuart i just did. You know why . Because he thinks theyre bad for the groups public image. Stuart wait a minute beheading is bad, dont put it on video because its bad for their image. He reportedly sent a letter to isis media offices saying immediately stop putting out these beheading videos. The fact that a they have media offices is frightening in itself stuart they just wont put it on camera. Yes. Why . Because they dont want to offend other muslims whose children may be frightened by them. Stuart it was a turkish official who said maybe isis is responsible for this bombing on the border. Yes. Stuart so isis will continue with their Terror Campaign of course. You know, its almost a joke to say its bad for our image to put out these beheading videos. Are you kidding me . Burning somebody in a cage thats good pr . Well, i dont know what to say about this. I dont know how its so ludicrous by its very nature. But listen, they are very well organized. The fact that theyre putting out notices to all their media offices just tells you the organization stuart and now theyre doing their best to destabilize turkey which is a critical part of the world lets face it. Its where east meets west stuart and you were there. 100 miles from the border, thats all it was. Thats right. Stuart check the nasdaq because thats where the big action is in stocks these days. Nasdaq is the home to all these high flying Tech Companies and its at another record high. 5225 earlier now its 5218. Close to the dot. Com bubble days. Actually, above that. Gas Holding Steady 2. 75 is your national average, and the most expensive gas in america is in california. They average in that state 3. 87. More on that in a moment. Back to the big theme that weve been following today, donald trump not apologizing for his comments about senator john mccain not being a war hero. His fox news senior political analyst heres brit hume from earlier this hour. He will be watching the polls, and he will also be feeling the atmosphere with the crowds as he goes from event to event. Hes quite a curiosity now. Hes made a lot of news, and hes got a lot of money. He can finance himself for as long as he wants to go. Stuart donald trump just tweeting this out. Heres the quote we will soon be at a point with our incompetent politicians where we will be treating Illegal Immigrants better than our veterans. Guy benson from town hall, he is senior Political Editor at town hall. Guy, i want to go back to his comments about john mccain. I dont think that most americans want to see donald trump with a mouth like that in the white house. What say you . Oh, the polls bear that out, stuart. I mean, everybodys talking about a few polls here or there where trump is leading or in second place among the republican electorate, and hes at 17 18 but his negatives even among republicans overall are through the roof. And in the broader electorate, its not even close. He has some of the worst positive negative ratings that these pollsters have ever measured in the history of american politics. So he will not be president. The question is how long will conservatives allow this man to in some way represent them on the public stage even though he was until very recently a liberal democrat and a Hillary Clinton donor . Id be curious to know if Hillary Clinton has been asked to condemn her donor for what he said about john mccain. I think she did rip him, actually like everyone else has. Stuart but, you know as brit hume said a few moments ago politicians who dont get much support have to withdraw because they run out of money. Donald trump is probably not going to run out of money, so he could be making mischief for a long time to come. He sure could and hes got the money to do it, and he also may have an incentive to do it which is this man is addicted to attention. Hes very good at getting it, ill give him that. When it comes to selfpromotion its tough to beat donald trump. And given that a lot of his other avenues seem to have dried up because of other incendiary remarks that he made on the campaign trail maybe hes looking around and saying, well, maybe i should just go through with this thing for as long as i possibly can because hey, when people are talking about donald trump, donald trump is winning. And so, i would argue, is Hillary Clinton. Stuart i dont want to push this too far, but look some of the things that trump said, the way he says them is appealing, because its direct, and he goes right at the issues of the day. But i dont think that donald trump is fit to be the president of the United States. Will you join me in that . Oh, absolutely. I have been totally unambiguous in my views about donald trump. He should not be the republican nominee. He is not a conservative. Hes sort of a cheap insult comic running for president and getting a lot of attention for it. Stuart okay. But look, youre right though, he is tapping into something, a contempt for the Political Class and highlighting certain issuings. I can understand why hes getting some traction. It is still unfortunate in my view. Stuart Hillary Clinton still leading in the polls among the democrats. Now shes running on a platform of raising taxes. Get out there and raise taxes tax the rich. I want to refer again to what brit hume responded to that once again. Roll that tape again, please. Its always a fight over whether to have a lightlyregulated, lightlytaxed economy. Weve had a kind of heavilyregulated heavilytaxed economy throughout this recovery, and look what its brought us, the weakest recovery anybody can remember. So why she would want to at least be seen as advocating more of the same, i dont know. But i guess she figures if she can get enough democrats to support her, she can win. Stuart maybe people are too focused on what trumps been saying rather than what hillarys been saying. Maybe trump is distracting people from what hillarys actually saying. Well, no. Again, this comes back to my point. I think that Hillary Clinton while she is denouncing in public what her donor is saying, donald trump, he is giving a massive inkind contribution every single day to the Hillary Clinton campaign by taking up so much of the Media Attention people arent paying attention to her. Now shes not answering questions from the press anyway and shes sort of running this joyless slog of a campaign, and she gave the speech last week about economics. Nothing new. Doctrinaire tax and spend liberalism. Shes moving further to the left than she was in 2008 on Capital Companies taxes, for example. Capital gains taxings. And you know what, stuart . Thats a reflection of where her party is. This is the party of Bernie Sanders and Elizabeth Warren and Hillary Clinton is deathly afraid of a challenge from the left because of what happened to her in 2008, so shes going all the way over in that direction, repudiating her own husbands legacy one of the most popular president s in modern American History because she thinks this is what she has to do to win. Stuart aint politics just absolutely fascinating . They are. Stuart our viewers too. Guy benson thanks so much for joining us. Thank you stu. Stuart do you realize that housing bidding wars are back . Metro areas are seeing a return to the bidding wars from the housing boom, that era. This time its a lack of homes thats making the market competitive. Is that right, cheryl . Absolutely. Its a lack of supply. We have been seeing this, this has been coming for a couple of years now. What happened during the recession is that we built all these you know, multifamily housing units. Translation, apartments. They werent building new homes, and then you also had certain cities where we have already or seen this bubble start to rise up. I want to show you some of the cities, santa rosa, san jose, San Francisco, ceasing, washington seattle, washington Stuart Stewart whats going on there . These are the tightest housing markets not enough homes for sale. Stuart california . These are the top five. They gave a great example. Denver 40,000 over asking. This is now happening in cities we never expected to see this which, of course, has got us worried now about a price bubble. Its a sellers market. Stuart sellers market. You would agree with that, cheryl . Oh, absolutely. Stuart are you selling . No, not at all, but i wish i was. Stuart i thought you were going to live in greece permanently. Thatd be nice. Am i the only one thats concerned about what were seeing here . Stuart about what . People overpaying for homes. In your judgment theyre overpaying. Are we going to bo back to this again to go back to this again . Stuart overpaying thats your judgment. Not necessarily theirs. Well, but emotion of buying a home and getting into the bidding process the banks are okaying these mortgages . Stuart look what i dont understand is paying over the asking price in california. Four of those five cities were in california. I blame the greenies for high gas prices in california, oh, yes, i do. Once again the formerly golden state shows its true red colors. And a huge hack attack on the cheating web site Ashley Madison. Thousands of people actually its got millions of people. Millions. Stuart wait until you hear this one. Ouch to. [laughter] people with type 2 diabetes come from all walks of life. If you have high blood sugar ask your doctor about farxiga. Its a different kind of medicine that works by removing some sugar from your body. Along with diet and exercise farxiga helps lower blood sugar in adults with type 2 diabetes. 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Do the walk of life yeah, you do the walk of life need to lower your blood sugar . Ask your doctor about farxiga. And visit our website to learn how you may be able to get every month free. Im nicole petallides. Right now the Dow Jones Industrial average up to 18,108, the dow the nasdaq and s p all with up arrows, and its worth noting the nasdaq at a record high again today while oil and gold pulling back, the russell 2000 transports pulling back, so we have somewhat of a mixed market. Hasbro hitting a new high after better sales, star wars related toys really helped them with sales, up 6. 5 . Some of your down movers apple also a winner on the downside, though unitedhealth and home depot coming under a little bit of pressure. Keep an eye on ibm and zion bank these are names reporting after the bank. Ibm up onethird of 1 at 173. 02. And make sure you start your day here on fox business at five a. M. We kick it off with all the breaking news, overnight news get you started for your busy day. Lauren simonetti sandra smith and i host. Stuart well, this is quite the video, isnt it . Threetime world surfing champ mick fanning fighting off a shark attack in south africa yesterday. Heres what he had to say. Punched it a couple of times, and then it was dragging me, i felt like it was just dragging me underwater. Stuart felt like a punch a couple of times. Cheryl, it was a great white, wasnt it . Have we got confirmation of that . This water is known for great white sharks. 2013 a surfer was killed by a great white shark right near jeffreys bay. Like a buffet for sharks. Known for these what did you say . Its like a buffet for sharks. I mean, they know theres going to be surfers there. The surfers know the risks. Its amazing that was captured live on television. Maybe the shark wanted his autograph. Hes a very famous beneath that greek suntan of yours, youre blushing. Im really not. Stuart whoa. Therell be emails. [laughter] the price of gas as of today, the national average, ladies and gentlemen is 2. 75 per gallon. However, on the righthand side of your screen is, thats what california has to pay, about 1, 1. 10, 1. 12 more. Why is that . Alicia fellowshiply is with us from finley is with us from the wall street journal. She wrote all about this and, in fact i stole your article for my take on this program earlier. High gas price in california is the greenies fault isnt it . Well, yes. Its because of environmental regulations that have been layered on top of each other which has resulted in gas prices. Typically around 40 or 50 cents higher than the national average. Shot up to over 1 more expensive. Stuart the uber greenie hedge fund millionaire, etc. Etc. He says if its the Oil Companies, theyre charging californians more than a billion dollars a month extra. Yeah, thats right. Liberals are making this out to be some kind of conspiracy collusion, a little bit like the enron days. Stuart well, you were out there. You wrote the story from california. What are californians saying . No, actually, i wasnt out there in california when i wrote the story. Stuart what does california say . Ive heard back from a lot of readers was that, well, are you sure there isnt some kind of speculation here . It just seems a little suspicious that all of a sudden gas prices have gone up. Maybe they are colluding. Stuart they have gone up suddenly. Suddenly. Stuart but thats because theres a shortage of refineries that can put out the special gas that california mandates. Thats right. Only 14 refineries in california can do that. And two of them right now are doing maintenance and are down which has drastically reduced output. And therefore, when you have such stretched supply, the price goes up. Stuart why is electricity, the cost of electricity in california going to the moon now . Mainly because all of a sudden the Renewable Fuels mandates, all these renewables that are mandated under the state law are coming online. Meantime, cheap hydropower, probably the cheapest form of electricity in california, has drastically been cut back because of the drought. And then decommissioned some Nuclear Plants have been decommissioned too. Stuart look, i say the electricity runup in california is because of the greenies. Am i going too far . I think its yes, that is the main reason why california stuart all right. Im also saying that theres a shortage of water in california, theres a water theres a drought because the greenies wouldnt allow reservoirs to be built over the last 30odd years. Well, the drought is a weather event but yes, i mean, that has definitely contributed and magnified the problems, the lack of storage the lack of pumping from the north just the water thats been sent out to the delta. Stuart thats because of the fish, right . A trillion gallons of water go to the ocean because weve got to save this tiny little fish, is that correct . Over the years yes. [laughter] stuart you know im not going to say anything more than other than Alicia Finley wrote the article and i stole it from her. [laughter] come on back. Ashley madison now, that is a web site that helps you cheat on your spouse. Uhoh, its been hacked. Millions of peoples data may be exposed. After the break. If you cant stand the heat, get off the test track. Get the mercedesbenz youve been burning for at the summer event, going on now at your authorized mercedesbenz dealer. Hurry, before this opportunity cools off. Share your summer moments in your mercedesbenz with us. 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Theres no limit to how much you can earn and this savings applies to every vehicle on your policy. Call 18884389061 to learn more. Switch to Liberty Mutual and you could save up to 423. Call Liberty Mutual for a free quote today at 18884389061 see Car Insurance in a whole new light. Liberty mutual insurance. Stuart all right. Got to update the british open. I think we might show you the leaderboard. Leishman is now 16under, but Jordan Spieth has birdied the 9th and is the 10th, and hes now just two strokes back. So hes 14under. The leader martin leishman, is 16under. In between them is zach johnson and adam scott. Now that is a contest and a half. Hows this for irony though . Totally different subject. Ashley madison, that is a web site that helps married people cheat discreetly [laughter] well, its been hacked. And 27 million cheaters are not so discreet any longer. Any comments cheryl . I mean, look, nothing is private nothing is sacred. If this data is, indeed released to the public, watch out. I mean, were talking sexual preferences, were talking who theyre looking for, who they found. I mean, this is pretty i mean, like ashley made a good point earlier, the divorce lawyers should get ready because its going to be good times out there if this goes public. Stuart thats true, isnt it . Ashley madison hasnt said we were hacked. They havent denied it. Well, they havent denied it. Stuart they havent said how much information is out there. They claim to have 37 million members. Stuart so if anybody went on to this web site where they say you only live once, life is short have an affair, so if you put your information on there, sexual preference thats the thing obviously i guess these profiles are very specific about what people are looking for. And so thats but the whole point see, Ashley Madison sold itself as being youre protected, no ones going to know, your spouse isnt going to know. Oops, well, not know. Who on earth puts that information out there . Stuart who on earth now would go on this web site is and reveal this kind of information after this kind of hack . This web sites been around a lot longer than cyber hackings been a lead story, so people at the time felt like oh, its okay. Not okay anymore. Stuart obviously. Well, apparently obviously not. And also the hackers are angry at Ashley Madison for saying they can protect their users. Theyre proving them wrong. Stuart it was the impact team that did the hack, they say. Are they in china . Stuart wait for it more varney after this. [laughter] i have been totally unambiguous in my views about donald trump. He should not be the republican nominee. He is not a conservative. Hes sort of a cheap insult comic running for president. And getting a lot of attention for it. That was guy benson with his opinion on donald trump. You were chiming in too. First of all lets go to michael. This is becoming a patent with donald trump. Smear someone you disagree with and fail to apologize. And on a different subject the white house will he nevada reflecting to put the flag at half staff after the chattanooga shooting. Quote it is a disgrace and where is the honoring for those to protect our country only to be killing on our own ground . And quickly look at the nasdaq, earlier it hit an alltime record high. Its still way up there. Thats what happens when the big name Technology Stocks goes straight to the moon. And amazon closing in on 500 a share. What a stock. Neil cavuto, welcome back. Thank you very much, mr. Varney. First of all, my thanks to Charles Payne for doing great work in my absence. But Charles Payne really . Well, thank you for both of them. And thank you to homebuilders. This could be the start of Something Big today. By any chance were you looking around homes this weekend . Were you sizing up the market, looking to refinance . Something is going on, folks. Its been reported that were seeing record crowds showing up for home openings, that sort of hearing. Something we have not seen now for the better part of a decade but its beginning to bubble in a couple of key markets. We thought we would open up with this today