Transcripts For FBC Varney Company 20240622

Night . Tesla, elon musk says building an suv is very hard. Both of those Companies Join the parade of bigname brand losers we have seen this week. I have a winner for you, it will be you and i believe gas down again and another forecast under 2 gasoline next month by next month. Varney and company is about to begin. Just because iranian hardliners chance death to america does not mean that is what all iranians believe. If it those hardliners were most comfortable with the status quo, if those hardliners joy and didnt death to america had been as opposed to the deal, theyre making common cause with the republican caucus. Stuart you heard it. The president of the United States in my opinion reaching in new low campaigning iranians who cant get to america to republicans. John bolton joins us to talk about that later this hour. You are looking at the quick and loans arena deserted at the moment, wont be for long, the site of the Republican Debate tonight, the first begins eight hours from now. You can see it on fox. More on the debate for the next three hours. Bill clinton to donald trump, the Washington Post reports the conversation happened in late spring and according to that report, four from our eyes and one clinton associate familiar with the exchange said the former president and courage trumps efforts to play a larger role in the Republican Party. Joining us, the author of clinton inc. Why would bill clinton called donald trump . Your theory please . Simple reason. Donald trump is the clinton donor and clinton donors get special access. Donald trump has given a lot of money to the clintons and the clinton foundation. We should not be surprised bill clinton whenever a donor calls up the grant them access. That is why people might be donating to the clintons. Even donald trump said i am business man. I made Business Decisions and help explain his investments in that way. Of course stuart just as tame as that . There are a lot of layers to this. That is the most simple layer that is worth saying because i havent heard anybody say that and it seems obvious. Bill clinton, not clear if he wants Hillary Clinton to be elected president of the United States. Stuart hold on. You are telling our viewers is not clear whether bill clinton wants his wife to be elected president of the United States . Really . Really. This is what i reported in my book, talking to aides to looked at the 2008 campaign, they saw how unhelpful bill clinton was at various moments in the campaign and they said they said to me i dont know. The guy is conflicted. I am not sure he wants to return to the white house and it would not make his legacy necessarily look good. He would be the president clinton who was impeached by comparison to his wife Hillary Clinton who would be the historical president clinton, first woman president. Stuart d. Grant deeper into the weeds here. Let me give you my interpretation. Bill clinton picks up the phone, called donald trump, donald takes the call, bill clinton, they talk politics because they are both interested in politics and bill sadly implies you could do well in the Republican Party. He is urging him to run, he is saying you could make a real mess of the Republican Party. That is what they are doing sure the. It could be that. He could be saying donald trump would screw things up for the republicans, such a loud mouth, uncontrollable, lets get him out there and make republicans look foolish little lot of players we dont know but the New York Times reported last night on twitter that there is a recording of this call. If this recording to be released i think we would do a lot more about the contents of this call, where bill clinton is coming from. Where donald trump is coming from. Would be useful in analyzing this little lot of options, a lot of Different Things at play here as it could possibly be the case. We dont know what they are. Release a recording of the call and lets hear for ourselves what went on, what these two masterminds, negotiators were up to on this private phone call. Stuart i want to hear the tone of voice, the way ideas were battered around. I would love to hear it all but dont expect to. Thank you very much for joining us as always, it is a pleasure. Lets get to the markets, check out the futures, indication of where we open in 25 minutes time. Slightly higher open. Remembers theres a big jobs report tomorrow that may influence trading today. The gain will take us to 175. The price of oil 44 a barrel, down 0. 50. Because of that we have gas down another penny, 2. 62 is your quote now. For 22 Straight Days the price of gasoline has gone down. That is a big deal. In a few minutes gas betty as in gasbuddy. Com. He says this is a headline, several states will see gasoline below 2 a gallon next month. That will be september. Month from now. He will tell us which states five minutes from now. Individual companies, look at tesla, disappointing outlook, they expect fewer cars, Dierdre Bolton is here. I know you are a fan of elon musk. Generally speaking. Stuart i think he has a problem with hype and a bigger problem with cheap gasoline. You say he is p. T. Barnum. I had this conversation with you before as an investor, down 8 . If you are looking for assuring all i can say is every engineer i speak with in Silicon Valley wants to work with elon musk because he does have big ideas leave your point, the model as he is saying, i said i could deliver 55,000 cars by the end of the year it wont happen. If there is a delay hard to make cars. The facade, gm does it all the time. Tons of automakers do it all the time so the Investment Community is beginning to be in patients with elon musk saying you can build a rocket, how come you can figure out this car production . Stuart didnt the same moment ago the suv, his suv, didnt he say it was hardest car in the world to build . He did say that and i think he is trying to manage expectations. He made a statement about quality saying i had to do this thing. I prefer to focus on quality. Stuart he does this all the time. You have to talk your book. Stuart if you are talking up, giving justin ideas saying we will do this, this and this, get the stock up. 55,000 cars delivered, not that much, less than 50. Stuart i am surprised there is no loss to. A stock like that goes down. Will be down today. Stuart another one will come down today, Green Mountain, they are the single serve coffeepot people. I am looking at that scream. They will open 52. Ashley down 27 . They cant sell their coffee machine anymore, dropping off dramatically. Sales of coffee brewers, the actual machines down 26 and guidance Going Forward is not great either, having to cut cars, guidance is off all around. No big surprise this is 9. Don in november and december last year. It was 60 bucks. A traders favorite. Everyday would cross the tape going this way or that way. Ashley so many coffee machines people got it and that is what we see. Don back to gas. Where is the cheapest gasoline in the United States . 1. 89 in tennessee and the kangaroos station in athens, tenn. Gas buddy. Com, you are there. You may have that line of the day. That line of the day in my opinion is you say in seven or eight states gas will be under 2 a gallon by next month. Is that your headline . You got it. That king larue will be bouncing around state to state. You have to be in the south to enjoy it. It will spread by christmas as many as 20 states could see 2 a gallon and it is getting better. You point out oil is already at 44 and we are talking about refinery maintenance turnaround season looking a bit heavier still Less Crude Oil running into those refineries could mean another bottleneck of crude oil, west texas under 40 could bring an abundance of cheap prices across the u. S. This fall. Don when you say the states in the south and the southeast or southwest that they will be the states under 2, that will be the average price within those states under 2. Average price. That is right. By the end of september give me some room not by september 1st. Once we rollover september 15th, the u. S. Which is back to the cheaper winter blend everyone loves to talk about and by later in september you will see or tennessee alabama and mississippi oklahoma areas of texas could see 2 a gallon prices and will bounce around and spread. Stuart this reminds me late last year or in the fall of last year when we had that long long slide, gas went down every day for 60 days or something, very similar to that but this time we could be even lower than the lows last year. Is that accurate . Absolutely. Looking at west texas intermediary, strongest case is looking at the price of oil, the commodity selloff and crude oil under tremendous pressure, talk about adding more crude oil to the global market, slowdown in china and refinery turnarounds season going to see Less Crude Oil being in putting to refineries. It is very bearish. Don we think it is just great. Thank you as always for joining us, see you again soon. Kellogg getting rid of artificial colors and flavors, kelloggs. Laurent is here. Snap crackle pop rice christies, corn flakes will soon be all natural, kelloggs removing all artificial ingredients from its cereals by the end of 2018. Kellogg is the biggest cereals of the maker in the world joining a long list of Food Companies that say they will stop using artificial flavors and colors including general mills, her she and craft. Sales are suffering. Frontier airlines will stop nickelanddiming you. It is about time. Is offering a bundled package they are calling the works sold for one state you get all of these and ons you use to pay for individual the, that feat for a direct flight is between 49, and 69 each way but perks include one carryon bag, when checked bag, best available seats, priority boarding and a couple of the things so you are still paying but you get it all. Jordan spieth goes for the worlds number one ranking at bridgestone this week, the tournament tees off in 20 minutes. Current number one, rory mcilroy is out with an injury but under our responders, under armour shares at a lifetime high topping a one hundred 1 each. Don that was a really good bet on the part of that. To promote Jordan Spieth as egos on this cruise. I am cheering him on. I like the guy. 5 00 tomorrow morning you better tune in. It might be early but it is worth it. Loren, sandra and nicole, you get up at 1 30 in the morning. 1 00. Not 1 30. Have an hour makes a big difference. Stuart more trouble for Hillary Clinton, fbi investigation into her private email server being called a criminal probe. Judge Andrew Napolitano called and on this program and he is back. I built my business with passion. But i keep it growing by making every dollar count. Thats why i have the spark cash card from capital one. I earn unlimited 2 cash back on everything i buy for my studio. And that unlimited 2 cash back from spark means thousands of dollars each year going back into my business. Thats huge for my bottom line. Whats in your wallet . When a moment spontaneously turns romantic, why pause to take a pill . And why stop what youre doing to find a bathroom . 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Com stuart the New York Post reporting the fbis investigation into hillarys private email server is in our criminal investigation. Keyword criminal. Judge Andrew Napolitano is here. Bringing you back to say what you said yesterday because you filled out with clarity and impact please do it again. Judge napolitano the fbi ordinarily does not investigate for civil wrongdoing. There are some circumstances into which civil Rights Violations turn out to the civil lawsuits rather than criminal and does not investigate for ethical lapses or technical violations of federal government rules. Its goal is to investigate violations of federal crimes or to find exposures for National Security. It is clear they are looking at one of the two year but to my surprise this morning the New York Post reports quoting an fbi official in the Justice Department in washington saying this is clearly a criminal investigation. Here is why we should be surprised. General David Petraeus was the subject of a criminal investigation for the failure to secure classified documents. Those documents consisted of his diary, calendar, backup material. The study and a home, it couldnt make it into a computer server hacked by Vladimir Putin or chinese prosecuted for that and pleaded guilty. Passed through the server in the barn in chapel choir, new york, far more sensitive information. The emails i saw. I didnt see the ones the inspectors general sense so the fbi wants the location of french fighter jets during the libyan bombing, extent of the nofly zone in various parts of libya where nato would prevent libyan planes from flying, the location of ambassador stephen this moving from one part of libya to the other, the same ambassador stevens was assassinated with american weaponry vichy cause to get into the hands of known al qaeda operatives. The fbi is on top of all these. Dont be surprised if they raid her office or her home to see where that server is or what is there because theyre under pressure from the Intelligence Community to find out what is out there and still exposed she doesnt have security clearance anymore. Earlier who has this information doesnt have security clearance, her ig people dont have security clearances, potentially possess national secrets. Don you played out the situation for the president ial candidate and is Serious Business indeed. Starbucks chief howard schultz, some calling on him to run for the presidency. Today responded to those calls and we will tell you what he said. Judge Andrew Napolitano one Hillary Clinton baxley this email message. Will mrs. Clinton be in serious legal trouble dq we break it down a 00 eastern, 5 00 pacific right here. Do you want to know how hard it can be to breathe with copd . It can feel like this. Copd includes chronic bronchitis and emphysema. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. Spiriva helps me breathe easier. Spiriva respimat does not replace rescue inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with Spiriva Respimat. Discuss all medicines you take, even eye drops. If your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain or problems passing urine, stop taking Spiriva Respimat and call your doctor right away. Side effects include sore throat, cough, dry mouth and sinus infection. Nothing can reverse copd. Spiriva helps me breathe better. To learn about Spiriva Respimat slowmoving mist, ask your doctor or visit spirivarespimat. Com 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. Fresher dentures with polident. For the best first impression. Love loud. Live loud. Polident. Number 1 dentist recommended. Fresher dentures with polident. For those breathless moments. Hug loud. Live loud. Polident. Number 1 dentist recommended. 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. Stuart Howard Schulz answering calls to run for the presidency in an oped in the New York Times. The challenges facing us today are too dire for another status quo election. For too Many Americans the believe that propelled me that i had the opportunity to climb the ladder of prosperity has greatly diminished. Anxiety, not optimism rules the day. Despite the encouragement of others i have no intention of entering the president ial fray. I am not done serving at starbucks. He is not running. He wants to pass judgment on american policy. He is saying americans want and need a servant president but he has no political experience. He runs in extremely big company, reminding you of donald trump. Ashley the anti donald trump in voting images of the pope washing the feet of prisoners, give me a break. He took a 0. 50 cup of coffee and made it 5 bucks. He is not kidding in this top bid saying i came from Public Housing in brooklyn, the first in my family to go to college. I know how to succeed. That is what success and passing it down try to say. Stuart if you are going to say that, that is your judgment on america show me how you are going to give me Economic Growth, how youre going to reform the Education System so we have a ladder to the top. We dont have that. Stuart come on. Bigname stocks will be moving today, talking tesla and Green Mountain may be apple is not that boring after all. We tell you about and three minutes from now. 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. Bill clinton, its not clear whether he wants Hillary Clinton to be elected president of the United States. Stuart wait, wait, wait, hold on. Yes. Stuart youre telling our viewers it is not clear whether bill clinton wants his wife to be elected president of the United States . Really . This is yes, really. [laughter] stuart went on from there. Top of the hour on hillary and bill clinton. Youve got to remember, we start at 9 00 sharp, so youve got to get there real early, okay . The opening bell is ring aring, trading has now begun. Were expecting a modest gain for the dow, and thats we got. Two points, eleven points, were on a roll, boys and girls. Okay. Look at tesla, they gave out a disappointing outlook, they expect to produce fewer cars, down at 250 right now, thats a 7 loss. Ashley websters here, deirdre bolton. First of all, d. R. , would you buy tesla down at 250 . Deponent like it here, stuart dont like it here, stuart. Their production problems are coming to roost. I said weve got to keep an eye on that. They only made 21,5 cars in the first half, theyve got it down to 5055 for the year, ill take the under on that one, and i dont think this is done going down. Stuart cheap gas doesnt help either. No, not a bit. Its just the people that like the toys. Stuart on the subject of cars and maybe the tesla, ive got an alert for you, another car hack has been exposed. Theres a homemade device, unlocks car doors using a wireless signal. Fox has the exclusive story at 10 15, but, d. R. , you say tesla, because its so electronic, could be not a victim, but could be accessible by this device . Yeah, the most wired car. Jeep from by yacht chrysler Fiat Chrysler had a hack, and tesla is one of those names people are going to keep watching because they are the most electronicallywired car. Stuart moving on to apple, apple music has 11 million trial members, and the app store this is the big one brought in 1. 7 billion in one month . In one month. You know, its yes, theyre struggling in a lot of areas, but my god, if all of those trial members, im one of them, if i decide to sign up for the service and everyone does, it will already meet half of spotifys paid membership, and theyve been around for ten years. Stuart 10 a month, is that what it is . Unless you have a family membership stuart you get the fist three months for free . Yes, you do. Stuart it sounded like a good deal. They do have your credit card. Its free, theyre not charging you, but you would have to signed up, automatically there you go, you won. Two million of those clients are up on the more expensive 14. 99. Stuart apple, the app store brings in 1. 7 billion in one month, and the stocks only up a buck from yesterdays big drop. So App Developers made a ton of money and including in china. Thats right. I was just going to say the same thing. Stuart dont miss this, were going to talk apple music, okay, with Harry Wayne Casey from k. C. And the sunshine band in the studio. Heres the question for harry, has streaming brought his music to a whole new generation . I think the answer is, yes. I want to hear get down tonight. [laughter] do a little dance lets get to Green Mountain. Uhoh, hope you dont own this stock. Sales disappoint. Down 28 as we speak, d. R. , it was 160, now its 53. You buying it . I am not a buyer here. Their pod sales were only down 1 , but importantly, their Equipment Sales were down 26 . People are rejecting the new version of the machine that will only take care of pods, it wont take replacement pods, and thats really going to hurt them in the long run. Stuart i dont understand this, the new model only takes what . Theyre trying to make it so you can only use their pods, not replacement stuart only theirs. Locking it in. Also cutting the work force by 5 , is so their Sales Outlook is very soft. Stuart it was a day traders darling. Yes. For a long time, very true. Stuart if you watch the tape over the last couple of years, it was always going across because it was trading backwards and forwards and now 50 a share. All right. More big names, we watch em every day, hope you to do too. First of all, netflix, where are we on netflix this morning . A series of alltime highs, were up 126 on netflix today. You dont want to say anything about netflix, do you . Only that its great, and their expansion model is working. It wasnt working at the end of last year, theyre rolling in new countries month after month, more and more international subscribers. They launch in japan, i think, in the next 30 days. Stuart yes, thats right. Now let me alert you to this, a new low for twitter. I believe were down to 28, 28. 18 is the lower hitting as of now. Go on, say it. [laughter] 300 million sets of eyeballs on this app, stuart, and they cant make it work. Did you see googles ceo . We dont give a hoot about twitter because a lot of people are saying google should buy twitter and, apparently, theyre not even interested. Thats what they say. Stuart i dont like ending with a stream of negatives. Youve got to plow through all of that to get to the tweet. Thats just me. Disney, coming off its biggest drop in four years after investors were kind of worried about the growth rate there at espn. Its down another 1. 45 today, under 110 a share. Then we have billionaire activist bill ackman. Hes made a huge bet on [inaudible] they make oreos, a whole bunch of other stuff. The stocks up about 3. 5 right now, hitting a new record alltime high. Your point is, and i hear deirdre talking about junk food, and thats right. We talk about oreos, cadbury chocolate, people are moving to healthier choices. Bill ackman saying cut costs or and grow the revenue or consider selling yourself off maybe to the likes of kraft heinz or pepsi . Those are some of the names thrown around. Nelson peltz, another big, huge investor, has his money there. Stuart i think ackman wants mondelez to be taken other, or he wants to split the company up and make it worth more in part than it is in whole. Right. And if he puts it together with kraft, it has been with kraft prior. Stuart right. Well see if it goes back. Stuart that would make one giant corporation if they did get together. That would be about 160 billion worth of conglomerate in food if they did that. Dont forget, tune in every friday not every friday, every weekday, for heavens sake, 5 00 in the morning. Lauren, sandra, nicole, five a. M. , bright and early. Aaa says gas under 2 by this winter. Gas buddy on this program says under 2 gasp lean in eight states by the next month. Dan, weve been leaving you out of the discussion of stocks, bring you into the discussion of gas prices. What do you say . Is under 2 a gallon in eight states by the end of next month, and you say what . I think its a real possibility. In my area youre finally seeing things go down, were 35 cents away. One thing to keep in mind in major areas like new york and chicago, we have the ten cent premium built in, the special formulated blend for summer. But as i spoke last time, when oil was at these levels, we were below 2, so in all reality, this should be coming. Stuart dan can, saudi arabia is borrowing 27 billion because the low oil price is straining its finances. That sounds to me like theyre pretty much fed up in saudi arabia with low oil prices, and they might want to do something about it. Will that put a floor under the oil market . Well, you know, its itll be a funny thing to see what happens. Everybodys worried aboutbe the frackers because oil went below a certain price. Lets assume that saudi arabia does cut back in production and Oil Bounces Back a little, i think we have a ceiling around 60 70 because all indications are that the fracking fields in north dakota in the u. S. Are profitable at those levels. These things werent shut permanently, they will be turned on again. Stuart okay, in a permanent situation of 40 60 per barrel of oil, is that right, dan . Yeah, i think were good for now. Stuart take a look at fitbit, disappointing profits. D. R. , i think theyre a victim of the analysts expectation thes. Miss an expectation by a tiny amount, the stock gets killed. And for the first Earnings Report after the ipo, they just blew the numbers out. They were awesome. And they guided lower. I think the real issue, stuart, if we dig a little deeper is the wearables market is not panning out. Apples having real troubles there. They had some tremendous international sales, but the margins are getting lower and the revenues slowing down. Stuart fitbit doing well overseas. Doing very well, but the guidance to your point, you had that 48 pop on that first trading day, a huge start out of the gate, hard to keep that going. Yeah. But theyre hitting their numbers, theyre just saying theyre not going to keep going there for the rest of the years which is what one of apples suppliers has said about the background. I think thats one of the reasons apple had this big tumble. That was a story that wasnt headline news, but all the traders were looking at that going, whoa, lets pull back. Stuart got it. Look at under armour, sitting near an alltime high. They sponsor pro golfer Jordan Spieth. If he wins the tournament, the bridgestone i think it is this weekend, that young 21yearold, he goes to number one in the world. Youll see the under armour low to go everywhere again. Thats a big deal, ash. It is a big deal. [laughter] i mean, this kids on fire. It doesnt hurt that rory mcilroy did a stupid thing playing soccer and injuring himself, took himself out of the british open as well as this because people love a good headtohead competition, but Jordan Spieth is the real deal, and whoever came up with the idea to sponsor him is crowing every second of every day. Stuart they do it so well because that logo is everywhere it is. Stuart side of his head, lapel, i think. Theres no confusion. Zero confusion. Stuart yeah, and hes only one sponsor, thats it. Under armour. Sort of like a i was just going to say, nascar. If you put them on cricket players, ashley will go bananas. Now wait a minute, thats stepping over the line. Stuart theres a second story going on about cricket, and we are not going to discuss. Check the big board, and we are down. Were 62 points lower, dropping below 17,5. Donald trump right at the center of tonights gop debate in cleveland. The gop says theyre going to concentrate on hillary. Really . Well deal with it next. 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 all right, now were down, whats it, 60 69 points, almost 70 point toes were down in the early part of this going thursday morning. Let me make Something Real clear here [laughter] sounds like nixon, doesnt it . It does. Stuart Jordan Spieths big sponsor is, indeed, under armour, but theres a lot of other sponsors, titleist, rolex, at t, im sorry i didnt want mention them i didnt mention them, but the most prominent logo is under armour. You cant miss it. Stuart but theyre not the only sponsor. Got it. To facebook, please. Not too far from are its alltime high, 97. 50 right now. Theyre going to let businesses send you instant messages just like you can with your friends. I think there are commercial possibilities there. Businesses sending me at least they hope so. Stuart thats commercial. Molson coors getting hit by a strong dollar, Profit Holding up, however, and investors like it, the stock is up 2 . Cheers. Stuart well done. Were less than eight hours away from the first big gop debate on fox news. Bring in fred barnes, please. Fred, donald trump obviously in the spotlight, but the Top Republican says, oh, no, were going to shift the attention away, were going to attack hillary, all of us. Do you think thats possible with donald trump sitting right in the middle of the debate . I think thats ridiculous. I think voters and the press and even me and probably you too, stuart, will find that, debate socalled will be a waste of time. I dont think thats what anybody wants to hear now. They want to hear about the republican candidates, what theyre for, what are their differences and why donald trump is leading. My own view is they wont attack trump, and that will be what makes the questioners from fox news even more important. Theyll be the ones who will have to hold trump to the fire on what he believes and whether he has a real agenda stuart but therell be strict rules in these debates. Hemming in candidates according to the time that theyve got available. And the sequence with which they speak. Its not like donald trump can just raise his voice and dominate everybody. I mean, hes got to play by the rules, so that will cramp his style a little bit, i suspect. It probably will. But, remember, who is in charge here . The moderators from fox are in charge, you know, Chris Wallace and megyn kelly and bret baier. They can break the rules. I mean, look, if theres a good and useful argument going on, a difference of opinion, say, between jeb bush and donald trump or something, they can let that go, and they should. But if they have these rigid rules where, oh, no, we have to go hear from john kasich now, i think that would be a mistake and really i dont think theyre going to stop some interesting debate thats going on. Stuart indeed, thats right. I think you and i agree, fred, i dont think we always like what donald trump has said, but i think we both believe that hes brought an enormous level of interest to the Republican Party and especially to this particular debate. Without him, i dont think there would be this interest in this debate at this time. No. I agree, and thats why i think the questions need to focus on him in particular at least in the beginning. More than, say, john kasich. Trump is the campaign right now, and that shouldnt be forgotten. Stuart im sorry, fred, i was just interrupted briefly there. What weve got on the screen right now is the first, the prime time debate. Those are the candidates who will be in the prime time debate let me see now, have you ever seen a debate in american politics which has gathered this level of interest . Ever before . I mean, you and i, we have a certain vintage. I think weve gone back all the way to the nixonkennedy debates. I dont think theres ever been as much enter as this one. Well, there never has been. I didnt see the nixonkennedy debates, but i wish i had. [laughter] this exceeds by a huge factor any other debates ive seen. There have been big ones before, there were some ones with eight and nine candidates back in 2011. But nothing where the candidates are this strong, and Donald Trumps there. And that makes all the difference. Stuart ive got to raise this question with you, fred, a lot of people say sooner or later trump implodes. He says something so outrageous, hes like the emperor with no clothes, he just implodes. What say you . Well, look, this is sort of the talking point of republican officials, and they really believe that. I think if trumps going to hit a demise, itll be because he becomes too cautious and up interesting, and that can happen. Can uninteresting, and that can happen. Well learn a lot tonight about him. Stuart ill be glued, fred, and i think you will be too. I will be. Stuart thanks very much, indeed. Well see you soon. All right, we are awaiting, i should say, the opening trade of Planet Fitness. Youre looking at the crowd gathered around the trading post at the new york stock exchange. Planet fitness is a chain of gyms. Theyre going public today. Were going to show you the stock when it opens. Great anticipation. You can see the crowd with baited breath. [laughter] president obama comparing the ayatollah chanting death to america to the republicans. Ambassador john bolton deals with that in a moment. Just listen to this. Theres those hard liners chanting death to america who have been most opposed to the deal. Theyre making common cause with the republican caucus. You focus on making great burgers, or building the best houses in town. Or becoming the next highlyunlikely dotcom superstar. And us, well be right there with you, helping with the questions you need answered to get your brand new business started. Were legalzoom and weve already partnered with over a million new Business Owners to do just that. Check us out today to see how you can become one of them. Legalzoom. Legal help is here. Everyone loves the picture i posted of you. At t reminds you it can wait. You premium like clockwork. Month after month. Year after year. Then one night, you hydroplane into a ditch. Yeah. Surprise. Your Insurance Company tells you to pay up again. Why pay for insurance if you have to pay even more for using it . If you have Liberty Mutual deductible fund™, you could pay no deductible at all. Sign up to immediately lower your deductible by 100. And keep lowering it 100 annually, until its gone. Then continue to earn that 100 every year. Theres no limit to how much you can earn and this savings applies to every vehicle on your policy. Call to learn more. Switch to Liberty Mutual and you could save up to 509. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Stuart president obama trying to drum up support for the nuclear deal with iran and taking what i think was a cheap shot in the process. Roll tape. Just because iranian hardt liners chant death to america does not mean thats what all iranians believe. In fact, its those hard liners who are most comfortable with the status quo. Its those hard liners p chanting death to america who have been most opposed to the deal. Theyre making common cause with the republican caw cause. Stuart okay, we heard it. Joining us from washington, ambassador john bolton. Ambassador, i think that was a cheap shot. I think it was a low blow, and i think its unbecoming of the office. Am i going too far . No. I think thats all true, but its very typical of the way the president argues, and it is exactly what he did in that speech. You cannot be against this agreement, or youre a warmonger. He doesnt really argue the merits of his position. He attacks his opponents, and he counts on the Mainstream Media to give him cover because they dont look beneath the superficial political shot to really examine whether hes defending his position, which hes not doing very well. Stuart in 2009 america had basically won in iraq. And at that time there were these protests in iran over an election. The president failed to support the Freedom People in iran. He retreated from iraq, and we lost iraq, and now hes having to deal with and do the kowtow to iran. And hes blaming the people when supported the iraq war in the first place. Hes turning history on its head, and but, stuart, but its so typical of what he does. This is all george w. Bushs fault. Thats a what he said for six and a half years. You know, the logic is that if you oppose this deal with iran, you were one of the people who probably supported the disastrous iraq war. And by the way, here i am at American University giving a peach at the same place john a speech at the same place john kennedy gave a speech talking about the agreement with the first arms control agreement with russia, failing to point out, for example, that John Kennedys also the author of our involvement this vietnam. But he counts on the Mainstream Media not looking into it because they have the Attention Span of a flute fly. Stuart a fruit fly. Stuart International Inspectors are not allowed into a Nuclear Facility in iran, just not allowed in. So we cant find out what theyve been up to for the past few years, just cant find out. Thats one of the reasons why these socalled side deals between the International Atomic Energy Agency and iran are so important to see. The Critical Link to get sanctions removed for iran is the iaea being able to say there was no military activity. But what theyre allowed to do, what will be the basis of their conclusion so central to this deal, the administration isnt pressing for, Congress Momentum know whats in it, the American People dont know whats in it, the president wont address that deficiency. Hed rather call names. Stuart indeed. Thank you very much for joining us. Thank you, stuart. Stuart in our next hour, another car hack. Little homemade gadget. Look at it, there it is. Lets you break into cars. You just press a button, and in you go. We have the exclusive report, about 10 15 this morning. And were counting down to the president ial debate tonight in cleveland. A deep bench for the republicans on display. The second hour of Varney Company two minutes away. Stuart here are the brig stories at this hour, the big gop debate on fox news, both of them, they start well, one of them, in seven hours, the second one after that. Now we hear president bill clinton had made a phone call to donald trump just before trump announced his president ial campaign. The rumor mill running wild on what they talked about. Gasparino on that on this program shortly. Meanwhile, president obama insults the gop by comparing them to iranian hard liners, the very same people who chant death to america. Extraordinary. And an exclusive story this hour, hackers have figured out a way to hack into any car. Hijack it, in fact. Well tell you how theyre doing it. And look at the share price of tesla. It is down big. Of course, elon musk is still saying big things are coming, but the stock is down 11 . The second hour of Varney Company starts right now. Stuart i have breaking news for you right now concerning mortgage rates. This is interesting. Freddie mac, 0year fix 30year fixed rate loan, 3. 91 . 3. 91 . Thats down from last week, and thats down from the week before, so were on a down trend at the moment, 3. 91 on your 30year fixed. Come on in, katrina, who knows a thing or two about the real estate industry. What should we do . If im refiing, should i jump in and get myself a 0year fix 30year fixed rate loan . I know exactly what the payments are to come, i sleep well at night, or do i go with an i just bl adjustability and take some risk . Well, with these rates being so low, especially if youre on a fiveyear a. R. M. , nows the time to refinance stuart with a what . Im sorry . Stuart with a what . If youre whatever youve got now, refi with what, fixed or adjustable . Oh, fixed. Definitely fixed because, you know, the rates just went down to, like you said, 3. 9 . And so now would be the time to refinance to a fixed rate. You know, the overall Housing Market is doing extremely well. The pending home sales are up consistently year after year. Even if you have slight changes month to month, yearoveryear theyre up. The biggest obstacle in the market continues to be low inventory. You have buyers out there that want to buy, the demand is there, but the inventories in many markets are very low. And then you have sellers that have equity in their property and are ready to east downsize or upgrade but yet cant find the Perfect Property to actually switch to. So, and, you know, one other thing thats important to know is that the prices continue to rise because of this low inventory. Stuart yeah, thats the problem. So what yes. While income is only rising 2 , lets say, the prices are rising between 67 . So i would say thats one of the obstacles we have to keep an eye out, and thats not going to change until inventory changes. Stuart i want to alert our viewers to whats happening on the other side of the screen there. Were looking at Planet Fitness, it went public for the first time, and it has drop asked, what, 10 right there at the opening not the opening bell, but certainly the opening trade. The offering price was 16, were down 1. 40 at 14. 70 and change, and that is a down 8 on an ipo. Thats a little bit unusual, i would say. Yeah, it is. Stuart you dont often get an ipo that sinks right from the get go. Yeah, thats true, but its a fitness gym, so they often struggle with a buildout of spending stuart liz claman is here, knows a thing or two about the markets. [laughter] thank you so much. You can say, well, its a fitness gym. Yesterday a Solar Company went public and had a very difficult time too. So maybe this is not the best day. Timings everything. Stuart yeah. Maybe they overpriced it, is that possible . Likely, i would guess. That is exactly what happens. And then you look at the competitive landscape, peoples discretionary income, what do they have available to spend right now, on maybe its not Planet Fitness. Stuart so if theyre down, like theyre down 1. 50, does that mean the underwriters, the big investment banks who brought this to the public at 16, theyre holding the bag . They paid 16 for this thing, and theyre only going to get 14. 50 . I think if you go in the hallways of the stock exchange, theyre committing harakiri right now. Not what they want. [laughter] the total opposite stuart great to have you on the show, liz. [laughter] i really want to get to something positive, and ive got something very, very positive. Im looking at the price of gasoline, 2. 62 is your national average. A mere 2. 62, down another penny overnight. Earlier we asked gas buddys Patrick Dehaan how cheap gas will get. Now listen to this. And were talking about refinery maintenance turn around season this fall, its looking maybe a bit heavier, so Less Crude Oil running into those refineries could mean another bottleneck at crude oil. We could see west texas under 40, and that could bring an abundance of cheaper prices across the u. S. This fall. Stuart lets get some details, shall we . The price of crude is now 44 a barrel. Patrick dehaan was talking about eight states where by the end of next month september youd be looking at under 2 a gallon for gasoline. Liz claman is on the show. Were [laughter] ta da. [laughter] stuart you have to admit, thats unadulterated, in my opinion, good news. A positive all the way around except for, of course, companies that are involved in the oil and gas industry. Stuart thats true. Teslas not thrilled about it either. Its not helping tesla at all. Stuart ive got to draw your attention to the big board. The dow jones average is down close on 100 points. In part thats because of disney which is down another 4. 5 as we speak. Now, disneys a dow stock. That takes points off the dow industrials, and it shows up in the overall average, down 96 as we speak. Check some other big name stocks, Everybody Knows these things. Apple, 31 million trial members 11 million trial members for apple music and, even better, 1. 7 billion coming into the app store in july alone. Wow. Stuart that stock only recovering by five centings. You let out a big wow, liz. Ill tell you, thats the market cap of jcpenney and bigger than the gdp of some small countries. Stuart that means in one month just the app store brought in 1. 7 billion, bigger than the gdp of probably 20 or 30 companies. And bigger than jcpenneys market value. Stuart and its only up 15 cents. Thats a classic what have you done for me lately . Stuart time to move on to something that just hit a new low, and that would be twitter. I believe they were at 28 earlier, theyre 28 now, 28. 24. Thats very close to the alltime low on that stock. They dont have a ceo. Stuart thats true. Thats a good point. Thats the problem. Wheres the leadership . Stuart whos working right, thats for sure. You use twitter . All the time. I just tweeted varneyco, you should be happy. Stuart i am. [laughter] ive got to get back to tesla. Theyre not selling as many cars as expected, yet elon musk says the future looks good. Come on in, liz claman. The aforementioned. [laughter] you and i have locked horns on tesla, i think, a few times. Just a couple of times, but i can tell you right now, youre going to kill this guy for being an Eternal Optimist . Meaning proverbially, for not being up front about what he was going to be able to do for the year. They have down scaled their numbers for the year, but everything in perspective, stuart. This is a company that five years ago was delivering 600 cars annually. They just delivered this the quarter more than 11,500. Stuart fair point. I just dont think elon musk has factored in the impact of very cheap gasoline on to the electric car business. These are 100,000 electric cars. Wonderful cars, no question about it. Gorgeous. Stuart they are, indeed. Great performance too. But who needs to spend 100,000 on an electric car when i can buy a gallon of gas for 2. 30 in new jersey . Look at ford and their sales for big trucks have done extremely well because americans have a short memory. It was just a couple years ago that oil was pretty high. Stuart thanks very much for your input today. [laughter] the New York Post reports the fbi is investigating hillarys private email server, and it is a criminal probe. Theres also this, bill clinton called donald trump in the spring, told him he should get more involved in the Republican Party. Last hour we talked to clinton inc. Author daniel hard per. Listen to what he had to say. Donald trump is a clinton donor, and clinton donors get special access. He has given a lot of money to the clintons as well as to the clinton foundation, so maybe we shouldnt be so surprised that bill clinton whenever a donor calls up, he grants them access. No, no, no. Youve got it wrong. Why he wants trump involved, thats the bigger issue here. Stuart i think bill clinton called donald trump to see if he could goat him in the race to mess up the am i craziesome. No. A lot of people think that. A lot of people stuart lets see what Charlie Gasparino has to say later this hour, hell be on the show. And we just showed you the republican candidates wholl be in the debates tonight. They start seven hours from now, that will be the first of the debates. The second one comes up at 9 00 tonight. Look at that lineup again, please. Blake burman, you in cleveland, what have you got for me . Hi there, stuart. The head of the rnc, reince priebus, said this morning i think youll find this interesting they feel there could be as many as 1215 Million People watching the debate tonight. If that were to happen or anywhere close, that would shatter the records for a debate, a primary debate as early as this. The reason i bring that up is opportunity. Its eyeballs. Republican voters tuning in, checking out these candidates. Heres why. Gallup released a poll this morning, how familiar these candidates are, how familiar Republican Voters are with these candidates. I want to show you the top and bottom. Lets start with the top. Donald trump has a 92 familiarity rating, not a shock there. Jeb bush at 79 , Mike Huckabee at 73 . But heres the bottom three for those who will be at this 9 00 debate tonight. Youll see a huge difference. John kasich, just 35 of Republican Voters are familiar a with him. Ben carson, 49 . Scott walker, 52 . So if those three can make an impression considering only about half or a third of Republican Voters know them, are familiar with them, that could be big for those three. And to put this in even further context, rick perry and Rick Santorum who are in that 5 00 debate, 70 and 61 of voters are familiar with them, so they know them more than some in that 9 00 debate. Stuart . Stuart those are astonishing numbers. All right, blake, thanks for joining us. All right, i want to get to starbucks ceo, howard schultz. He has an oped in todays New York Times. It says its titled, america deserves a servant leader. Very critical of both parties. A couple quotes for you. The challenges facing us today are too dire for another status quo election. Heres another, for too Many Americans the belief that propelled me that i had opportunity to climb the ladder of prosperity has greatly diminished. Anxiety, not optimism, rules the day. Liz claman, still hanging in there, glutton for punishment. [laughter] okay. I think a rot of people were a lot of people were calling on mr. Schultz to run for the presidency. Hes not going to run, but he puts that oped out there. He sure did. Hes always been involved in big issues whether they be social or political. This is a guy who says im not just running a Company Looking for the almighty dollar, i actual want to improve the country. I encourage everybody to read it, i think its great you brought it up. He said stop freegz out people freezing out people who hold different views. Hes taking a page out of president lincolns book, he turned around and gave three rivals cabinet positions. Thats leadership. Stuart okay, okay, okay. Look, i read the article. The guy is not going to run for the presidency. He says he wants more social mobility. Im with him all the way. But i want to hear how hes going to do that. I want growth in this economy. I want educational reform in this economy. I want voucher systems. I want charter schools. Hes offering Free Education to his employees. I dont believe see what the candidates are doing i dont see what the candidates are doing. They need to articulate tonight on the fox news debate exactly how not just throwing out the sound bites. The next question, how are you going to do what you say stuart im sure our moderators will ask precisely. Its going to be fun. Tour stuart liz, will you ever come back . What was so bad . [laughter] stuart thanks so much, liz, appreciate it. Listen to this. Uber lets you hail a private car. Its supposed to be worth 51 billion, but it is losing hundreds of millions of dollars. Well have details in a moment. Plus, hackers have figured out a way to hijack any car on the road. Exclusive details are next. And its coming, the big debate tonight. More very think in one moment. Varney in one moment. Stuart the missing Malaysia Airlines plane, one of its windows is thought to have washed up on the island of reunion where a piece of the wing has been found. Theres other debris as well that includes foil commonly used on boeing jets that was collected nearby. The debris are is from the missing plane. And this, uber, the app that helps you hail a private car s losing more money than anyone thought. Leaked financial documents show it lost 160 million in the First Six Months of last year, nearly triple the loss of a year early. Now this, another car hack exposed. A hacker can get into any car using some kind of remotecontrolled device. But gary fast lows got the details on this. Welcome. How you doing . Stuart its a little box, weve been showing it on the screen. This is created by one individual guy that lets him hack into any car of any kind, so he can get into the car and start it up. Is that accurate . Pretty much. Hes the guy that hacked onstar last week. Basically, it sends a code to the or car. The car has the same code generator as this, so it reads the car, locks the car, then burns that code, cant ever use it again because its easy to intercept, copy and try to use it. Hes created a device that jams the system, copies the code, and then when youre like, oh, that didnt lock, you press it again, now he sends the original code to the car and steals the second code. Now hes got a hot code wow. Stuart it would be awfully difficult to stop happening in the future, wouldnt it . It sounds like it. Garage door openers have this system, its a pretty standard idea. You know, it needs to be tubed or programmed for each tuned or programs for each particular type of car or garage door opener but, again, millions of cars use this system. Stuart the original hacking story was when somebody got inside that jeep and deliberately ran it into a ditch. That could be kind of a terrorist tool in the tushfuture. But the the future. The hack youre talking about is a thieves tool, isnt it . Exactly. Stuart get in, start it and drive off. Or you can get in and physically hack with the car and get into your garage. This is two different types of security youre dealing with here. And also he didnt say he could start the car, but a lot of these remote keys now have a reemote start function as well. You usually need the key in the car to drive off with it but, again, this is another level of security that could be possibly breached by this concept. Stuart this raises the cost to every car company for security. Because theyre all going electronic, heavily electronic these days. Theyve got to have some kind of way of stopping these hacks. Theyve got to find a way to do that. Its going to cost them a fortune. Absolutely. And this is Old School Technology were talking about here which you cant easily update. Theyre basically going to have to redesign the whole system. Effort has to go to into this, but once these are out there, criminals are going to be having a pretty easy time getting into stuart did you just say theyve got to redesign the whole Remote Control system . Its not the sort of thing you can update with a pleasure drive because with a flash drive. Again, some of the newer ones may have come up with solutions to this problem, but he hasnt had trouble yet, and hes hacked into some newer cars. Stuart now, you know the car industry, are the Car Companies nervous about this . It just came out, so well find out. Again, its not just the Car Companies, its the garage door openers, any remote key thats out there, and theres a lot of those on the market right now. Well find out later today or tomorrow when he explains more details about the system how scared they really are. Stuart theres a press Conference Tomorrow . Hell be at the hacker conference in vegas. Hes going to be talking about this, the onstar hack, every other way people can get into your car stuart wait, wait, wait, a carhacking village . Yep. Stuart what exactly is a place where the hackers are telling you all the ways theyve managed to hack into car systems. Stuart these guys are proud of it. They are. This is their job. They go out, find holes in systems do they get hired by the a lot of them do, thats it. [inaudible conversations] basically, you know, its advertising for their services. Stuart well, i can understand it. Somebodys going to do it. Theyre figuring out before the Car Companies and the original equipment manufacture ors stuart i suppose we should thank them. Thats what theyd like. Stuart coming up, disturbing video from a fast food restaurant. A sandwich bun wiped on the floor and then serve today a customer. I believe that young man has been fired. And this, president obama comparing republicans to hardline iranians. Yes, he did. More varney next. Its those hard liners chanting death to america who have been is most opposed to the deal. Theyre making common cause with the republican caucus. I built my business with passion. But i keep it growing by making every dollar count. Thats why i have the spark cash card from capital one. I earn unlimited 2 cash back on everything i buy for my studio. And that unlimited 2 cash back from spark means thousands of dollars each year going back into my business. Thats huge for my bottom line. Whats in your wallet . Technology empowers us it pushes us to go further. Special olympics has almost five million athletes in 170 countries. The microsoft cloud allows us to immediately be able to access information, wherever we are. Information for an athletes medical care, or information to track their personal best. With microsoft cloud, we save millions of man hours, and thats time that we can invest in our athletes and changing the world. Tand thats what were doings to chat xfinity. Rself, we are challenging ourselves to improve every aspect of your experience. And this includes our commitment to being on time. Every time. Thats why if were ever late for an appointment, well credit your account 20. Its our promise to you. Were doing everything we can to give you the best experience possible. Because we should fit into your life. Not the other way around. This is a great place to work. Not because they have yoga meetings and a juice bar. Because theyre getting comcast business internet. Comcast business offers convenient installation appointments that work around your schedule. And it takes done. About an hour. Get reliable internet thats up to five times faster than dsl from the phone company. Call 8005016000 to switch today. Perks are nice. But the best thing you can give your business is comcast business. Comcast business. Built for business. Stuart heres whats on tap. Bill clinton making a phone call to donald trump. That was right before trump announced his run for the presidency. The rumors are now running wild. Gasparino on that, shortly. It was a cheap shot. It was insulting. No president should say such things. Heres quote, this is what he did say those hard liners chanting death to america, theyre making common cause with the republican caucus. President obama was drumming up support for the nuclear deal with iran. That comment was a low point for the presidency. He compared republicans with americas mortal enemies. Such a partisan, insulting statement is, at the very least, out of place. Especially when dealing with the Security Threat from the mullahs of iran. What hes doing is desperately trying to line up 34 democrats in the senate and 146 in the house. That would make the iran deal vetoproof. But instead of arguing the merits of the deal, he lowers the presidency with distortion and crude innuendo. Hes just done a deal with irans leaders who have themselves led the death to america chorus. And have been killing americans for a generation. And the president of the United States says theyre just like the republicans. The bottom line is this president obama has poisoned american politics. Itll be a very long recovery. 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 . Joy and, this time sick leave pay. The order will force any contractor the higher federal workers to issue paid sick leave. This could potentially affect hundreds of thousands of workers because of what apply to federal contractors and subcontractors. Patches that sick leave by quarter. The big board is down 104 points, disney is dragging the market lower, about 30 points down because dow stock at this moment, disney is down 4 . That hurts the overall dow. The maker of oreos and a bunch more, billionaire investor bill hackman betting big on it, putting 5 billion, wanting a takeover or a splinter, putting the money in and it is of 0. 28. Herbal life raised its profit forecast. Herbal life, betting against it, stock is up 14 as we speak. Facebook not too far from its alltime high close to 100 a share. Theyre going to let businesses and you instant messages, surely a commercial angle in that. Not to that reported phone call between bill clinton and donald trump, happened in early spring according to the Washington Post clinton encouraging donald trump to play a larger role in the gop, Charlie Gasparino is here. I think president clinton called up donald trump urging him to get involved in republican politics and mess up the republican no. I will tell you this aside from this story which was an interesting story. I have been saying this on your show for a while. Gop many guys in new york believe donald trump is a Hillary Clinton plant, that he wants Hillary Clinton to win, there will be some quid pro quo going down at some point. I liked all the lot but i know his positions. If you go back five years, even three years, theyre different than they are now. Look what he said on immigration after the republicans lost in 2012, look what he said about taxes. He has done flipflops on immigration, taxes and a lot more. All you have to do is look at that record and to promote his brand. That is part of it too. There isnt a money guy in new york city that i talk to and this is where a lot of the gop people money guys are, theyre split between marco rubio, walker to some extent and jeb, that doesnt believe he is doing this to help hillary. To help him and held hillary in the end. They think he is a plant. If bill clinton calls the donald trump band says get involved in republican politics that will help hillary. Messing up the republican one by one he goes out and i liked donald but he goes out and beat the hell out of the front runners. He is not directing his ire at ben carson. Use erecting his venom that jab, walker, rick perry. Rick perry talked about wall in texas between mexico and the u. S. Like it is a big stimulus projects. People forget texas doesnt need the stimulus because rick perry has been a pretty good governor. Tea or point you expect him at some point to drop off the gop ticket, go independent and hand the victory to hillary . My view is it is not that easy to resident independent, ross perot had infrastructure in all 50 states. I dont thing donald will spend his money to do that. Just a mess up the republican bench, help hillary and dropout . He will become bigger and bigger. Does it help his brand by dropping out . Legally drop out if hes losing. When you are stuck at 20 , 25 and the other guy gets the rest, you have to drop out. We shall see. Remember what he did is fascinating, billion, get 20 people running, he figures out what other three issues i need to hit on and dont need to explain myself that much that get me 20 of the vote including a lot of crazies, walls between mexico and thus, you name it, china, isis, a secret plan to destroy isis and gets 20 , he doesnt mince words and then stays in a race for a while. When you are totally riderless trumpet wins. If he wins, it is full employment for people like me. I am good at reading financial documents. I want to get to the debate, they start tonight. I am interested in a candidate who will focus on growing the economy. That is my interest, this is a financial program. I want the economy to grow. Liz macdonald, which candidate will give me Economic Growth . Ted cruz, marco rubio and rand paul is the club for growth. To get that march is jeb bush, chris christie, donald trump. There is such a thing as growth and their priorities grow this economy. Three people were marco rubio, ted cruz. Host rand paul, ted cruz has been against obamacare, against regulation, marco rubio and paul want to repeal the tax code, over all the entitlement state, George Jeb Bush grew faster than the rate of inflation and population growth. Chris christie backed obamacares medicaid expansion, donald trump, 1999, tax hikes on the rich, for Single Payer Universal Health Care system and said in 2004 the economy does better and democrats so that is the word on donald trump. You dont think he is up plant. Come on. Which candidate gives me Economic Growth, not growth. In 1999 he says tax the rich, single payer, donald trump. He said he was for single payer. That one come of tonight in the debate. 5 as another republican candidate or one of the moderators i would say you said this in 1999, you said this in 2004. What is with this . Host trying to catch him in a flipflop. I wonder what he will say. Host Hillary Clinton flipflops on Capital Gains tax cuts. Use for them in 2008, for them before she was against the. She did say in 2008 she wanted to cut Capital Gains. How dramatic is this . Has been cut it and that is not as dramatic, these are core Republican Issues donald trump has been a lefty on. Not even a moderate. We will launch tonight to see what donald trump says about tax the rich and single payer. You are fired. You ask me. May i move on . Is this, american victims of terror finding a lawsuit to stop the release of frozen iranian bank accounts. They want that money frozen, stay frozen please the president obama admitted some of this money will go to terror. Heres the quote. Lets stipulate that some of that money will flow to activities that we object to, groups that threaten our interests and interests of our allies. Attorney katie saying joins us now. You are a legal person. They filed this suit, the victims of terror have filed suit saying stop it, dont release that money. Is that a successful suit . A pretty Impressive Group of plaintiffs attorneys, 20 plaintiffs bringing this lawsuit, trying to stop between one hundred to 150 billion from being released from blocked and restricted accounts overseas. Less state Department Release a statement saying we dont have any control levers these funds, these are from irans oil sands, we have no control of these funds so sorry but remember they are going up against the biggest law firm in the world, the federal government so the best of luck of them to stop the federal government from releasing these funds. Plaintiffs are saying because this money, because the iranians have said the president has said that some of this money will go to activities the we dont like, that would be terror, the plaintiffs are saying you cant release this money because it is going to these activities. We will be even further victimize if you do this. That is their case i take it . Yes indeed is a compelling argument because they have very sympathetic background stories as to why they were able to recover these multimilliondollar judgments but the reality is the president has to certify is that iran will no longer be at terror state and you know he cannot do that because he just said some of the money is going to go to support terrorism so he is stuck between a rock and a hard place but ultimately this reminds me of the 2008 libyan normalization process where as a part of that process libya had to pay terror victims from lockerbie and the other incidents in order to achieve normalization so if we are on our road that we with iran but remember libya is Junior Varsity compared to iran in terms of recalcitrance and difficulties so maybe that will happen. Come back and see as again because i want to know how this lawsuit is progressing. I want to know if this money will be released and go to terror. I am interested in that. Thank you for joining us, we appreciate that. Time for the sector report, Energy Stocks leading this market lower, they are the worst performance as a group within the s p 500 right now, were talking will, gas, pipeline companies, all of them in the red. That is a reaction to the sharply lower price of oil, we are down to 44 a barrel. That would be roughly 4. 5 month low, 44. 55 as we speak, all the way down from the 60 of their range about a month and a half ago, way down. Now look at fitch bit down big, victims of the expectations game would be my opinion, we will talk to the ceo who is losing a lot of money today and in our next hour, harry casey from casey and the sunshine band on the streaming music revolution bringing his songs from a generation ago to a new generation liaison the show at 11 50. Behold, these are two wind turbines. Can you spot the difference . The wind farm on the right was created using digital models and real world locationbased specs that taught it how to follow the wind. So while the ones on the left are waiting, the ones on the right are pulling power out of thin air. Pretty impressive, huh . Now, two things that are exactly the same have have never been more different. Ge software. Get connected. Get insights. Get optimized. Nicolmac i am nicole petallides, Dow Jones Industrial average down 57 points looking at a fixed down down wall street down 110 points yesterday, another 70 to the downside. Of the lows today we should note, i look at the dow laggers mostly red on the screen when you look at the dow 30, disney, walmart, justin name a few under pressure, other names that are under pressure include Green Mountain Coffee Roasters down 28 today and that is under pressure as guidance is like chris apps, 52 week low, twitter new alltime low, we have seen the problems that have been ongoing, 52 week lows, herbal life, the winners, your bright spots of the day, herbal life with better guidance than expected, new Marketing Strategy that helps slowing sales and Customer Growth has been dwindling, take a look here, 5 00 a. M. Picking up here. Quarters looking good, michael course, solid demand for its products, stock is up 11 . Twitter going of the other way, and new love for you right now, 27. 88, twitter closed with idea of race, 26, then we have Planet Fitness which started trading today and is down 4. 5 , 16 was offering price, 15. 20 is where it is now and fit bid is down despite a terrific showing in quarterly profits which were the best in its history. Come on in james park joining us this morning. Welcome back to the program. Good to see you again. You gilded with those earnings. It was terrific. I think you are the victim of these expectations from the analysts. The analysts say we expect you to make this but if you only make a little tiny bit lower they kill your stock. I think you are a victim to that. As you said we have the best quarter in a eight year history of the companies are really proud of that accomplishment. But it is strange. Our guidance and wall street consensus as well. By my calculation you lost, you personally have lost 100 million today. That does make you a victim i think. I dont think about it that way. That is pretty short term for me. I am focused on execution of longterm prospects for business. You dont look terribly disappointed. I am surprised. You turn in record earnings that are terrific and stock goes down big. All we can do is execute and perform really well. We cant really control what the Public Markets do but i am pretty sure if we continue to perform shareholders will be happy. Jo lin kent is with me, she knows more about this tonight is on will turn it over to you. I wanted to ask about sales, you had 4 million devices sold in the second quarter, you are expected to do even better in the fourth quarter. As you look at the apple watch not necessarily doing as well how does that change how you are approaching the market and selling orals to consumers at home . I cant comment too much on apple but in general we dont feel we are targeting the same type of consumer. We have a wide range of products with the aron price points, form, factors, etc. And emissions of the companies are very different. To use technology to help people get healthier and more active by giving them the inspiration and guidance and consumers love our products and we are always excited to help people lead healthier lives. Interesting answer. As people continue to want to lead healthier lives as you mentioned do you think you are going to be able to perform at the expectation level we see that Stuart Varney was talking about especially in the Holiday Season when we see updates on other types of devices. Can fit bid delivery . Will you have new products . What will they look like . We are not setting guidance on any new products but on our Earnings Call yesterday we raised our guidance for the full year and all we can do is continue to execute on the business as we have in the past. James park, thanks for joining us. 100 million, still smiling. Check the share price of yelp, they are expanding. Now instead of just looking up reviews for restaurants you can look up which hospital has the shortest wait time at the emergency room. What is this all about . This makes up 6 of their review businesses and they believe this is the information people really want to know so they started with a Nonprofit Group and they get the average wait time many ares, they studied 4600 hospitals, 15,000 Nursing Homes to see which nursing home 7 find recently, 6,300 dialysis clinics, people on dialysis, how many received infections and had to be hospitalized. They believe this is information people want because this is Public Information you can get and hard to sift through and they will do it in one go. Host the Free Market Health reform we want, doctors and hospitals to publish online their prices for all their procedures. They dont do that right now. If we had that going to you would see a boom and prices dropping. We see that what i surgery. That is good. Field is opening the door on information dispersal what we really want. Yell could use the help on this. We can too. Look at this for a second. You are about to look at the dark side of the moon. We are not talking a photo obama as i and this and it. More on that in a moment. Extraordinary. Next hour on this program, harry casey from casey and the sunshine band. Super poligrip seals out more food particles. So your food wont get stuck. And you can enjoy every single bite. Eat loud. Live loud. Super poligrip. Seals out more food. Super poligrip holds your dentures tightly in place. So you never have to hold back. Laugh loud. Live loud. Super poligrip. Get strong all day hold. You premium like clockwork. Month after month. Year after year. Then one night, you hydroplane into a ditch. Yeah. Surprise. Your Insurance Company tells you to pay up again. Why pay for insurance if you have to pay even more for using it . If you have Liberty Mutual deductible fund™, you could pay no deductible at all. Sign up to immediately lower your deductible by 100. And keep lowering it 100 annually, until its gone. Then continue to earn that 100 every year. Theres no limit to how much you can earn and this savings applies to every vehicle on your policy. Call to learn more. Switch to Liberty Mutual and you could save up to 509. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Check this out. Amazing video of the dark side of the moon as it crosses the sunlit side of perth. We rarely get to see Something Like this. The images were captured by nasas deep space climate observatory which is 1 million miles from home. There is this, not so great, disturbing video consumers fears about fast food the joy fast food worker dropping a sandwich bun on the floor, white set on the floor and finishes making a sandwich before serving it to an unsuspecting customer. Moving on. To is going to wipe the floor at the big debate . The gop president ial candidates take to the stage for the first time tonight, jeff flock out on the street asking people what they think. Kaimac we are in the studios of wind radiobroadcasting the debate live in chicago tonight. But host ran for governor of illinois at one point. I have a group of folks eagerly watching this debate. Would you want to see . I want to see them distinguish themselves on their economic philosophies which candidates believe government should pick the winners in which candidates will the government needs to get out of the way of the private sector and violate the premise that the left put forward, explain why conservatism is the true way to care for people, provide good social services. State representative, what do you want to see . I want to see and hear from people who will push back against the government in illinois, we have Big Government unions and i am happy to hear from scott walker, what hes going to do. Steve decker, health care big tree. Yes. Mostly ted cruzs proposals, one of the only candidates talking about extending the protections for preexisting conditions from Group Policies to individual policies, a simple fix easy to understand the Foreign Policy guy, were out of time unfortunately. Last word to you. I want statements of principle, what they think of americas role in the world. They will be watching tonight and we will be listening at wind radio in chicago. Cannon House Office Building dont miss the debate, we will be right back. Stuart the words criminal, investigation, fbi, and Hillary Clinton are now used in the same sentence. Thats how serious this email scandal has become. As secretar secretary of state, she used a private server to conduct Foreign Policy and destroyed 30,000 emails on this system. Did you hear about this . If you watched the established media, you did not. Think about that. The front run running democrat is involved in a criminal investigation and the media ignores it. If theres ever a time when the media has shown its true leftist colors, this is it. It reminds me in 2008 when the media ignored obamas own pastor. Now, just for a moment, think what the reaction would be if it were a republican contender who were involved in a criminal investigation. The republican would be pounded daily, hourlily until they were driven out of the race. The left spent months talking about traffic on a bridge to go after governor chris christie. Yet again the elites are letting us down. The media is not doing its job and that is deliberate, in my opinion, they want to republican in the white house and they will do anything to make sure even a bad democrat gets in. Stuart all right. Lets get right at it. You heard what i had to say on my take, come in, please, wall street journal editor dan. If it was a republican candidate anywhere near a criminal investigation, they would be out of the race. They would be resigning emailed but not hillary. What is going on here, dan . Well, hillary is the terminator of democratic politics. Shes just going to keep going and also the democrats have no plan b unless you think Bernie Sanders could be elected president of the United States. So theyre locked in. And, you know, they do have a problem now. I have been saying for weeks, stuart, that all of this negative information about the emails and the foundation has had expressive would have a expressive effect on hillary bets extended by social media. More people find out about it. And, man, these headtohead polls came out last week of her against bush, walker, and rubio in ohio, colorado, and virginia. Shes losing to all of them on the basis of trust and integrity. Shes down below 40 in these three important battleground states. So the democrats have thought to be really nervous and now this fbi investigation her candidacy is getting no altitude at all. Stuart got it now, you write in your comment today in the wall street journal, the republicans, this is the big race to lose. Yeah. Stuart your message basically dont mess it up. Yeah. Stuart i think you actually say dont screw it up if im not minimum of. Dont blow it. Stuart thank you. In what way could they screw it up . By picking, nominating a candidate who cannot win the presidency in 2016. Stuart you talking trump . I think conceivably trump because he does not have the professional political skills to put it across the goal line. I think hes a force now but i dont think he can win. And the stakes for winning are so crucial in this election. Look, people forget that in 2010 after barack obama passed the Affordable Care act and done frank swept into the office in 2010, the democrats were sent into minority status in the house. A republican tsunami has built across the country at every level of government. The number of state legislative seats, the democrats have lost since obama became president is over 900. The guy has been a looser for them and now the election of 2014, the republicans put nine new members into the senate, they control the senate, they control the house and now the final prize is the presidency in 2016 so that they can control all branches of government, at least the legislative and the presidency and get something done. But you have to win. Stuart and its exceptionally important because if you really want to reverse course and change the direction of the country, away from Barack Obamas direction, youve got to win the white house. You have to control the presidency, the senate, and the house. Then you have about 24 months to reverse much of what obama has done. If you fail to do that, its going to be gridlocked for another four years. Stuart youve studied economics very, very closely. Do you think it is reversible in the first couple of years out of the box . Can you just reverse obamacare . Can you reverse the iran nuke deal . Can you reverse this mediocre performance of the economy . I do, stuart, think a lot of this can be fixed because people are in place in the house in housewares mean tact, paul ryan, the head of the finance economy and to do, in georgia, three strong people who are ready to go to take on the process of reserving the Affordable Care act and redoing the tax code. Theres a reason for optimism, but people have to focus whats important in these candidates and try to pick someone who they think can beat Hillary Clinton. Stuart i love him for saying donald trump can beat Hillary Clinton. That is a long shot. Stuart okay. Dan, wall street journal. Thank you very much, sir. Check that big board, please. Were coming back a little bit. Disney is a drag, is coming off its biggest drop in four years, that was yesterdays session and its down again today. Another 4 lower for disney. That takes about 30, 35 points off the dow industrial average. And then we have Green Mountain. Sales down, forecast down, these are the people who make the single serving coffee machine. Far cry from december. 53 now. Far cry for december. It was at 160. Ouch. Fitbit. They did not meet analyst expectations. Oh, dont do that. They had a wonderful quarter, great profits but the stock is down 12 . Dont miss those expectations. And tesla, theyre not making as many cars as they were expected to make. Yet elon musk says the future looks good. Who wants to take off on that one . Just look at the stock. Down 26 dollars. 10 . What i thought was so interesting with tesla theyre saying the cost, operating up. Things that are costing more business theyre trying to make the jobs good for him. But the projections for the sales number for the year, down. Were not going to sell as many teslas and at the end of the day you can make a great car but gas is cheap and. Stuart im paying 2. 30 a gallon in new jersey. Yeah. Stuart for regular. Why should i go out and buy an electronic car. An expensive one . Stuart for 100,000 . Why should i do that . Ill never get my money back. Uhhuh. Stuart on the subject as we look at the price of oil, i believe its just below 45 . Yeah, 44, 48 on oil right now. Its down again. And because of this decline this oil, youve got the decline in gas. 2. 62 is the national average. And get this. Gas buddy. Com, the guy there is patrick. He says eight states will see their average price drop below 2 a gallon by the end of next month. That will be by the end have september. Below 2 in eight states. Now, theres a headline. Come on in. Shark report, steven shark joins us. Dont be such a stranger in the future and dont get technical with me because weve got a buzzer ready to go. Now, i think you got it. Stuart okay. That was my preamble here. Wheres the price of oil going . Below 40 . Yes. I think at this point were right now about 2 away from testing the lows that we saw back in february. But were at a point of season, stuart, where demand is about to peek. Were going into the weakest now demand section of the year, that will be the fall. So certainly i do like oil prices low. I do think we will break the 40 a barrel and test maybe down into the low 30s by the end of this year. Stuart now, our feeling here is that you get the price of oil down and then ultimately you get the price of gasoline down and weve got all these headlines here about eight states going below 2 by the end of september. If youre saying that oils got a further down to go, i presume youre agreeing with some of our analysts on this program who say, yeah, gasoline is going below 2. Do you agree with that . Well, absolutely. And regardless of the fact even if crude oil does not even move any further at this point, gasoline prices will certainly head lower because in four weeks well be at labor day. So well be at the peek of the holiday driving season and demand will fall off at the first week of september. And then the second week of september, we start to blend for a different type of glass, a winter grade of gasoline, and that will occur until november. So the gasoline we are going to be putting into our tanks will be cheaper for the industry to manufacturer. So you always get a 15 to 20cent gallon discount when you get into the ladder half of september. So right now, yes, those eight states will certainly see gasoline prices lower, even if crude Oil Prices Stay where they are. Now, if im correct and crude oil prices do head down into the 30s, then prices are going to be significantly lower, and youre going to see more than eight states with below 2 glass in this fall. Stuart steven, i dont want to rain on the parade, but im going to show you this headline, it says saudi arabia is borrowing 27 billion because theyre short on money because of low oil prices. That would imply that theyll try to get prices up a little bit. What do you think of that . I disagree with that. And i maintain the standpoint that saudi arabia wants low oil prices because they need to have low oil prices. Now, where i disagree with a lot of people, people will say that saudi is trying to fight producers in north america to knock out the shell industry. I say no they cannot do that because they cannot compete with shell. But the saudis are in a very difficult position right now because the white house has now given iran a free pass to develop a nuclear weapon. And irans wmb abusing satellite will have access to that weapon. So were talking about the entire power structure of the middle east shifting away from sunni arab to iran. So the saudis cannot afford to allow, they will not allow, they will not fund k rans ambitions to build a nuclear weapon. So two things company. Even this is a nuclear war and they have to keep pressure on the iranians, and they can go to the debt market and do this and they will be well received in those markets because the iranians cant do this. They want to keep the pressure up because its clear now that the saudis do not have a friend and the valley ease do not have a friend with regard to iran in this white house. Stuart steven, with a forecast like that, you can come back any time you like. Thank you very much indeed, steven, and interesting stuff. We appreciate it. Cheers. Stuart look at apple. It has signed up 11 Million People to apple music. Another statistic for you. They brought in 1. 7 billion to the appstore in one month alone. 1. 7billion in july. Those are big numbers. The stock is flat though. And harry has streaming music help bring his songs to a whole new generation of fans . Well bring you that at 1 50 this morning. And we have some new video from the show of deadliest catch. They were out at sea during this past februarys super bowl, and they had this reaction at the end of the game. No. What . This guy interaccepted the ball. Why did they throw it . Why had they throw it . Oh, my god. Oh, my god. That reminds me, out at sea, theyre in the bearing straights looking for crab. What happened . You know what . That reaction was as well the same across america and across the world. Exactly the same moment. Even if you were watching it on tv you couldnt believe it. It was down at the end zone there, we all expected it was going to go to lynch, if i was going to run the ball in, they through it instead, the patriots won the super bowl, theyre out in the middle of the bearing sea. I was at that game. I was at the super bowl, and i was sitting next to two seattle fans. I mean talk about pain and disgust. Still in therapy. The whole stadium looking at each other, like, did that happen . Stuart and yesterday we asked the question is apple boring . Well, theres nothing boring about selling 1. 7 billion worth of stuff from apps in just one month. Full details in a moment. One of our producers, im not going to name him yesterday yeth. Yet. He said apple is becoming boring. Yeah. It kind of has. I mean they havent oh, wow another iphone, oh, yay its thinner. 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 fitbit share price down again this morning, despite reporting strong earnings. So whats all the fitbit hype about . Cheryl got a chance to look at it, watch this. Well, im going to do some running here in central park in new york city, but i brought in an expert to tell me if the fitbit actually works. How do you feel . Good. What does it say your heart rate is 158. Let me see what i get. Its 1a, yeah, about the same. How do you feel about it . You know, i really like it because it measures a lot of things we really need to know about. Does it motivate you . Uhhuh. Yeah. It kind of does. All right, cheryl, youre now a live inperson with us,. With my fitbit. So thats the fitbit we borrowed from the company, and this is my personal one i wear every day. And, yes, the numbers were good. But the question mark that both of you have raised to me, and we databased this a bit is is it a fad and are you only going to set cell to a certain part of the population with the rest of the population wont even care . And i think thats where the Wearable Technology advice in the industry stuart and your answer is . Im still a fitbit fan, i dont have five different bracelets in different colors, but am i the one person out of 20 . Are there going to be more consumers after me. Stuart and for how long will you use it . You obviously have not put it away in a couple of months. Well, im going to live to be 100. Did Internal Revenue tell you that . Stuart news flash. Breaking news. Im going to be 100. Stuart heres a news flash for you. Apple. The stocks have had a rough time lately. One of my producers called the company boring. Whoa that set off a firestorm. I dont know if theres anything boring about those. Apple hit a record . 7 billion in july. Do you think apple is boring at all by any chance . I cant agree that apple is entirely boring. Listen there. Yes, they havent had made a breakout hit like an iphone recently, but this year alone, they announced the apple watch, theyre working on this autonomous cars, and apple music is taking a lot of people away from the Spotify Streaming Service that so many people had fled apple for and bringing them back around. So i wouldnt call apple boring quite yet. Stuart 1. 7 billion in appstore transactions. Is that mostly games . It certainly seems to me normal. 1. 7billion is greater than the gdp of half a Dozen Companies if not more. I think thats an enormous amount of money. Its an enormous amount of money and a lot of it is coming from those who are purchasing music. Yes, App Purchases will continue to increase as more and more people create apps senate bill, have the inApp Purchases and they will have to pay apple for those inApp Purchases. And the big thing is music and apple clearly with apple music is going to continue to increase those subscriber numbers. They want to get to 100 million subscribers in the years ahead. Stuart but they cant make as much money out of apple music as they could with a break through new product and the watch does not appear to be at this point the breakthrough new product. I would agree with that. Though, i will say one of the things that i think makes people think that apple is boring is the fact that their m and dad is now using apple. But thats a good thing for apple. The more they can get into corporate organizations where theyre switching it out for blackberries, thats something that makes them a little bit more boring, but a little bit more mainstream and a lot more money in the years ahead. Stuart i just wonder if the whole idea of wearables is that big of a deal . Im beginning to suspect its not. And last word to you. I dont know if i agree with that, stuart, well have to see. But, though, they didnt release the apple watch numbers, theyll have a lot of momentum. And, again, im one of the fitbit wearers and have worn it for over a year and a half, so i believe. Well see what happens. Stuart okay. Ill back right off. Its the women that are wearing their fit bits. Thats why were going to live longer than you. Stuart well, you do anyway. We do thats true. But, again, well see. What douse about stuart and i . Stuart all right. All right. Now report from the senate on the irs scandal. Did lois intentionally target conservative groups . Gerri willis has an answer for us in a moment. And later this hour, is streaming music hurting the Music Industry . 1 50 hes on the show. Stuart they make ritz crackers, theres a whole raft of stuff that they make. And billionaire is making a big bet on it. Hes put in 5. 5 billion into that company. He either wants it taken over or broken up for sale. Stocks not moving. Dead flat added 46. 23. A report released capitol hill. Assessing the irs lowest learner. Gerri willis is here. What is the verdict . Gross mismanagement. Dysfunctional bureaucracy. They were deliberating, some of which were held for five years. Some employees worked from home four out of five days of the week. Other managers managed people who were 2,000 miles away. Some managers werent trained in the area where they were supposed to be experts in and managed. So big problems not culture of the place allows someone like lois to see that through. Stuart but we knew this. We knew they were incompetent, and we knew they were pressuring conserve groups. But we what did we really wanted from that report was who told them to do it. So in the republican comments to that report, do you remember from the decision from the Supreme Court, the president had that decision in 2010 said it could have free speech with their decision in america. Thats what the Supreme Court said. Weeks after they cascaded that decision, they started holding back and made new rules for the tea party. The department of justice discusses bringing criminal charges against this group. The federal Election Commission investigators these tea party organizations. So maybe the president didnt pick up the phone. Maybe, maybe he didnt have to. Stuart because the pressure that hed exerted made the irs do what it does did. Very interesting. Gerri thank you very much indeed. Youre welcome. Stuart a live look at cleveland ohio, please, everyone is watching as donald trump could be getting some support from an unlikely ally. Will comments like this help trump score the union vote . They cant get jobs because there are no jobs because china has our jobs and mexico has our jobs. They all have also jobs when a moment spontaneously turns romantic, why pause to take a pill . And why stop what youre doing to find a bathroom . With cialis for daily use, you dont have to plan around either. 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Com stuart this is the low of the day, the dow industrial is down 115, and disney is down again. 4 . Look at oil. Lowest since march the 29th. Look at the price of gas. Only 2 only 2. 62 a gallon. Down another penny overnight. In fact, it has gone down 22 Straight Days. Now this. Rand paul is taking on the nsa, the irs, and the federal reverse. He was once a top contender. Heading into tonights debate, hes polling near the middle of the pack. Only got 5 of the vote. Former rand paul staffer joining me now. Brian, what went wrong . What happened . Rand paul high flier now hes not. What happened . Well, i think one of the problems hes had is he led in with high expectations. He was declared the most interesting man in politics by time magazine, and he was doing really well early on by the race even started. Now hes come back to a place where its not that bad of a place to be, hes on the debate stage, pulling between 5 and 6 , could be doing better, but i think its a marathon, not a spring. And were just getting started. This is the first real interaction that the candidates are going to have. So the Campaign Starts today. Stuart could it be that the public did not like his stand on the nsa . He doesnt want surveillance . And he wants all the records in which weve collected so far to be destroyed, even though weve got terror actions in the United States, which were linked to overseas and phone calls and messages from overseas . I dont think the public liked his nsa stance. I think the opposite. I think they did. I think the American People treasure the Fourth Amendment right. The fact that the American People have a privacy right and the government cant suck up all of your phone call data. I do think hes going to have a challenge because hes going to be fighting with a lot of these other candidates and National Security issues on the privacy issue and on some other general issues too. But i think on that issue, hes with the American People because the American People we want to go after the bad guys. Lets dedicate resources to getting on the alleged terrorist, not all americans. Dont sweep up everybodys phone records because privacy is very important. Its a core valley. Stuart i dont think youre right. I think the public reacted against his nsa imaginary. Were going to disagree on that one. Who are you with now if you were a former rand paul, who are you with now . Im 100 in the tank with rand paul. I think second would be jeb bush. I think its fascinating who its all going to play out today, and im just excited to be here. Stuart yeah, what do you think of trump . I think hes doing great. I think you hear a lot of im worried about the protectionist talk. I understand him beating up on chairman of the board and our competitors in mexico, but i worry its going to turn off people that treasure the free market and the fact that, you know, hes pulling 26 . Hes doing really great. So you have donald trump on the rise and Hillary Clinton not doing well at all. Stuart well, said. Brian, thanks for joining us. We appreciate you being here. Thank you. I want to stay on tonights Main Attraction. The debate, but the Main Attraction i see is donald trump. As president , he says hell bring jobs back to the United States from china. Joining me now democratic strategist and former union worker chuck. Youve got to like trump for what hes saying about bringing jobs back to america. Youve got to like the guy. Well, theres a lot of things about him i dont like. But that one piece that i think a lot of people are feeling a lot of frustration and thats why you see a lot of rise with him, with Bernie Sanders, theyre all talking about the same thing. And when youre talking about bringing jobs back to america, theres a lot of lunch pail middle of the road voters who thats music to their ears. Stuart yeah, sure. I just heard you mention Bernie Sanders. Are you with Bernie Sanders . You want him to win . Or are you a clintonian . Well, i havent decided who im with right now. I love the debate. Stuart are you kidding me . You havent decided just yet . Are you kidding me . Well, it is early. Its a marathon like your other guy just said. Stuart do you have a preference . I have a preference thats going to return the job that i lost and thats goodnight i want to be with. Stuart is it Hillary Clinton . It may be Bernie Sanders. Stuart i said is it Hillary Clinton . Youre not going to get it out of me today, but i love the good faith effort. Stuart well, were mentioning very closely to you and you have not mentioned hillary in any positive sense. Address this for me. She has a real problem here with the fbi criminal investigation into her use of emails and what she did with them, where she kept them. Thats a very serious thing. Youve got to be worried about the front runner for the democratic nomination. Youve got to be worried. I think there are a lot of people that are concerned. I think this is a white noise that if you see this constant flow of all of this information thats coming out over and over, and i think youre seeing it in the numbers overall. And what i found interesting is a political consultant this week is theres a 2 million buy going up about a really great story about a woman who is her mother, and that tells me me theyre trying to prop her back up and make sure people know her entire story so were not talking about emails, more did you say trust now that they say her favorables are upside down. Stuart would you prefer joe biden . I think that theres a lot of good room out there for democrats. I love joe biden, im never going to bet against him. Stuart so youre inviting others to join in the race because you perceive Hillary Clinton to be in trouble. Im reading between the lines, chuck. You can read all you want to believe. The more people in, its good for my business and your open market. What youre doing is opening up the market, societies good for me. Right now weve only talked about one thing. So lets have everyone in and have a great debate about it. Stuart okay. , chuck, we do hear you. And thank you very much for being with us. Thank you, varney. Stuart sure. Well be wrapping up all the debate action tomorrow morning on Varney Company. But thats not the only good news coming up. The big jobs report for july. 8 30 eastern, thats when they come out. Special coverage jobs in america starts tomorrow morning 8 00 a. M. Eastern right here on the fox business network. And now this. Tom the billionaire environmentalist. He wants to fire californias high gas prices and believe me, theyre high. And he is it is not believing the green ease. No. Hes wanting the California Legislature to explain what their profits are it is refiners. On these high gas prices. Let us not forget the state regulations are the biggest reason why these gas prices are so high and why are they there . Because the environmentalists, the green ease. Stuart you have to have a serb certain blend in california. Yeah. Stuart so you have to have a special refinery in california. They also have had a refinery fire and a strike and the tax of california. The thing is a slippery slope because you cant tell me that those in california isnt being spent happily by legislatures. Stuart its just no. Way. Stuart trying to get around the problem that he and his green powers have created. Yes. Stuart the high price of gasoline has nothing to do with refining oil prices, greeny regulations. Uhhuh. Stuart which tom is all about. You look skeptical. Why. Well, i think the blend is a big issue, that of course is, yes, an environmental issue for the state of california. Nice clean air in california, im not going to a couple, i enjoyed it, i used to live there. But at the same time tax environment. Yeah. Again, the tax environment in california is my big issue with all of this stuart suffice to say tom is wrong. Up next a 92yearold woman registers to vote for the first time. She wants to cast a ballot for donald trump. She called into the fox business show intelligent report yesterday. Shedding a surprise. Trish is coming up to tell us about the big surprise this allergy season, will you be a sound sleeper, or a mouth breather. Well, put on a breathe right strip and instantly open your nose up to 38 more than allergy medicines alone. So you can breathe and sleep. Shut your mouth and sleep right. Breathe right. 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. The Dow Jones Industrial down for the 6th day in the row, right now down 120 points and lost nearly threequarters of one . The nasdaq down 1. 6 and the s p off 17 points. Take a look at some of these names, all these names started in red this morning. They are squeezing out some green here. Gold corp. Up 3. It . Exxon up 1 . And chevron hitting a 52week low now up this morning. And look at plant fitness, by the crowd who is down to 13. 75. Down over 10 but right now virtually plat the flat 11 cents. And in the midst of earning season, godaddy, marathon, all down arrows after the quarterly reports, and you can see brinkers down 5. 6 . We want you to start your day every day right here on fox business. Sandra smith more in stuart will you look at tesla . Plummeting this morning. Theres some concern that the electronic car maker might not turn a profit when its supposed to. Financial Group Founder ron is here. Now, we were talking during the commercial break. I hate to exclude the audience, but we were talking privately there. Youre a great believer in elon musk, arent you . And you bought the stock for yourself. Just for myself. This is not a client investment for us. Most of our clients are retired, soon to retired, the emotion is just too high. But if you have a long term view and you can believe in people like steve jobs, thomas edison, i believe this man has the ability. Stuart youre putting him in the same putting elon musk in the same category as edison and jobs . I think if you look at what hes done with the space company, with this, they have just introduced a tesla option that is 0 to 60 in 2. 8 seconds and goes 300 miles. Stuart thats a fast car. Its whip lash. All im saying is there is a future. If youre willing to ride then, then fine. But as a company, its not exactly a riskless bet. Stuart i think the bet on tesla is that battery factory will really be revolutionary because thats the answer to everything. If you could store electronic power that you created from the sun or the wind, youve got yourself a winner. Do you think that battery thing, plant is a winner . Well, this is the thing about elon musk. Of course its a huge bet. Stuart yeah. An enormous bet. But if it works, it changes a good part of the world. But you understand that its not just tesla but toyota and gm. Its possible that everybody will go into his manufacturing plant. Stuart if that happens. Then you took your bet, and you made some you made a lot of money. Stuart tell me about Green Mountain. Single serve now youre now hes saying. Down 29 or 22. You do not like it . You know when management disappoints, then analysts go running for the hills. So theres thats number one. Theyve been promising this cold soda stream competitor, and it just havent delivered on it. Stuart thats the problem. Yeah. Thats a big problem. Cup sales are down, lots of competition, unit sales are down. There are good parts to this. Number one theyre down so fa. Stuart yeah. So now gross stock became a value stock relatively speaking. So 14 times earnings before this so maybe its i dont know 11 times earnings now. Stuart would you advice clients who are retiring. No. But cocacola has a 16 stake in it now. So they just bought the best Distribution System of any product on the plant. So theres reasons to look out there and say, you know, they may be they may come out of this. And they bought back a billion dollars worth of stock. Stuart well, we hear what youre saying on tesla, thank you for about being with us. My pleasure. Stuart now, yesterday we told you about the 92yearold lady who registered to vote so she could cast her ballot for donald trump. Trish got both the woman and donald trump to get on the show yesterday. I want to thank you so much. Well, i appreciate. I tell you what, i appreciate the man for this country. And i hope and pray youll do what you said and they are to get rid obama a long time ago because he hasnt done nothing. You have no complaints. You have many people out there that are agreeing. Stuart i think she talked over donald trump. Shes the one that could get away with that. Stuart trish, that was great television. Well done. She was lovely. Wonderful woman. In the beginning she had a little bit of a hard time hearing and someone else there with her who would repeat the questions, but she got with it. And by the time donald trump called into that show, she was pretty darn excited. Stuart so you had to carry the interview with the lady and wait for donald trump to call in. Yes. He joined probably about three minutes in. And she was very excited, and he said, look, i want to thank you fox business support, vitae, and it was a nice moment. And we talked about the debate and how hes preparing. But this is what hes tapping into, stuart. Women like that, people like that who are saying ive never been enthusiastic about politics before but all of a sudden along comes this guy donald trump and im excited. Stuart i wonder how many votes she encouraged for donald trump last night. By the way, trish has much more on tonights debate. Shes going to be taking a look at the texas id law thats discriminatory, and are all government workers required to show a id before they vote . 2 00 p. M. , that will be on the fox business network. Thank you, stuart,. Stuart and waiting for all morning, ledged european musician howard casey, i remember him. Live on the second just a moment 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. Ive got a nice long life ahead. Big plans. So when i found out medicare doesnt pay all my medical expenses, i looked at my options. Then i got a Medicare Supplement insurance plan. 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So we found a plan that can travel with us. Anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only Medicare Supplement insurance plans endorsed by aarp, an Organization Serving the needs of people 50 and over for generations. Remember, all Medicare Supplement insurance plans help cover what medicare doesnt pay. And could save you in outofpocket medical costs. Call now to request your free decision guide. And learn more about the kinds of plans that will be here for you now and down the road. I have a lifetime of experience. So i know how important that is. Stuart stuart when my next guest first got started in the music business, we were buying his albums on vinyl. These days its streamed through apple music and spotify, which is helping him bring his sound to a whole new generation. Hell be playing live tomorrow morning, welcome icon ben casey. Better known as kc; right . Yes. Thank you for having me. Stuart so is my premise accurate that streaming music is bringing your music from the 70s to a whole new generation. It is. I had the opportunity to go to pandora and found out that 18 to 24yearolds are 70 of the streamers of my music right now. Stuart wow youve got a young audience . Absolutely. Stuart seven out of ten of your audience is tuning into your music dare i say it, 30 years old. Or older. Stuart or older. So streaming opens it up to a big broad audience. Yes. Stuart what does it do for you . Do you make any money . Its a limited amount as compared to what we get. Its definitely a big difference and theres been a lot of up are you aware about it. Stuart a lot of the money has been taken out of music. Yes. Stuart since you no longer have to buy vinyl and all the rest of it. Streaming is cheap and its just taken the bucks out of it. Right. Yes. Stuart what are you going to do about it . Well, i dont know. I know some of the other artists have been soliciting congress and everyone else to try to get this changed. I think bmi just won a suit against pandora to increase the streaming rights. Im not sure whats going to happen. It is our living and a lot of people think maybe we get too much as it is, but its pitie. Stuart you get too much . The streaming is less than pennies. Stuart you dont get much from streaming. Youve got to pay an agent or two. Yes. Stuart and a lawyer or two. Yes. Stuart and youve got to pay the government 50 . I end up with 10 of what i make. Stuart . Stuart how do you like it . I dont like it all at all. I wish i would have became a basketball player. Stuart youre am i size. Wouldnt work. Or football or something. Stuart tomorrow 7 00 youre going to be performing on 8th street. Yes. Stuart come on down and listen to casey and the sunshine band. Thank you for joining us. Thank you for having me. Stuart more varney in just one moment hard . Working 24 7 on mobile trader, rated 1 trading app in the app store. It lets you trade stocks, options, futures. Even advanced orders. And it offers more charts than a lot of the other competitors do in desktop. You work so late. I guess you dont see your family very much . I see them all the time. Did you finish your derivative pricing model, honey . For all the confidence you need. Td ameritrade. You got this. Pubut to get from theand yoold way to the new,d. Youll need the right it infrastructure. From a partner who knows how to make your enterprise more agile, borderless and secure. Hp helps business move on all the possibilities of today. And stay ready for everything that is still to come. Valley wants to work with elon musk because they have big ideas. I said i could deliver 55,000 cars by the end of this year but wont happen. Stuart the dow at the 6 month low. Neil these worries, still the middle of the day but 6 month low on the dow, lot of premier names and companies, beating revenues and earnings for the period the justin ended, theyre giving some concerns Going Forward. Imagining donald trump in the middle of this preparing for tonights big debate, you are the sold business man who might have a business solution, how does he avoid the herman cain phenomenon or the ross perot phenomenon, and a business star the fadeout from the political scene, most experts say theres a big di