The president has arrived in japan for the g20 summit, just as he stepped off air force one the news broke that china has established its negotiating position in the trade talks. Remove restrictions on huawei, remove all tariffs. Thats a hard line. Trump meets xi on saturday. Im going to call it a flat to slightly higher market. Any loss for the dow is accounted for by boeing, which is down sharply because of new problems with the max jet and look at that nasdaq go, up half a percentage point. Big tech doing well this morning. Theres a story on bitcoin. It hit 14,000 overnight but the Coin Base Exchange crashed. When that happened, bitcoin fell sharply, currently is down to 11,700. Just look at how amazon has changed the world. Their prime days dominate the summer selling season. Now we are seeing target, ebay, walmart and others join the club, jumping on amazons band wagon with a ton of special deals of their own. Thursday, june 27th. Varney company is about to begin. Who here would abolish their private Health Insurance in favor of a governmentrun plan . Just a show of hands, to start out with. Theres plenty of money in this world. Theres plenty of money in this country. Its just in the wrong hands. They dont own me. Im with bernie on medicare for all and let me tell you why. Health care is a basic human right and i will fight for basic human rights. When somebody comes across the border not to criminalize desperation, to treat that as a civil violation. Stuart thats open borders right there. Big round of applause. Lot of promises from the democrat candidates last night, lots of giveaways. They moved way to the left, thats my opinion. No details, though, on how to pay for it all. By the way, not a single moderator asked a single question about how you going to pay for all this. Not one. Not one. Joining us is kayleigh mcinany. Of the ten on the stage, who do you really want to run against . Dont say bill de blasio because he doesnt count. We dont have a favorite, we really dont. Stuart yes, you do. You do. You do. Stuart, this is why. Look, you had Amy Klobuchar, we are told shes the moderate, right. You had Amy Klobuchar saying i agree with Julian Castro on decriminalizing border crossings. They are all the same. They are puppets of the left. That is what they are. Stuart did you find it boring . Theme president was on air forc one flying to japan, he takes out his twitter account and types one word, boring. You agree with that . Oh, yeah. The most exciting part was when the mics went out at nbc and they had to take the commercial break and everyone was confused. When thats the high point of the democratic debate, safe to say it was boring. Stuart what are you expecting tonight . Im expecting it to be far more contentious. You have bernie and biden. You will remember biden bernie, rather, kind of somewhat attacked hillary. It was tepid but he did. Tonight the gloves are off. Last time around the dnc rigged the election against him. This time i think hes gloves off. I think hes going to attack biden. We are going to see a food fight tonight as well as socialist policies that we heard last night. Stuart you enjoyed watching last night, but is there anything that you can point to that got you just a little worried . Nothing that got me worried. But i guess i would say this. The lies from the Democrat Party which i know the American People can see through, but when you have liz warren up there saying that the middle class is suffering and meanwhile, paychecks are growing twice as fast for low and middle income americans and when you had cory booker up there saying Small Businesses are hurting, when Small Business confidence is at a record high, i get concerned of course when i hear democrats lying, distorting the facts. But the good news is the American People see through it. They can feel the economy working in their everyday lives. Stuart we will be watching tonight, im sure. We will probably see you again soon. Thanks very much. Thank you, stuart. Stuart im making a big fuss of amazon simply because prime days only a couple of weeks to go but a whole bunch of competitors are jumping on that band wagon. We have walmart, target and i think ebay and others, all offering a slew of special deals of their own. Am i right . Susan no one cares about ebay anymore. Stuart oh, okay. Thank you very much. I didnt realize that. I dont know these things. I want to bring in gary kaltbaum, because look, i want you to make im making a cultural comment here. It seems to me that amazon youre laughing at me, i know you are, gary no, im not. Stuart amazon has really shifted the retailing world in a dramatic fashion. Midsummer is now bigger, i think, i think its bigger than black friday. What do you say . Stuart, last year amazon sold 100 million products totalling 3. 5 billion on prime day. You are going to get competitors following suit. Its a fact of life. Target is doing the smart thing. Ebay is doing the smart thing. I expect others. They are going after them. Targets advertising is based on the fact dont worry, you dont have to sign up and be a member, you can just do our sales for free, and ebays calling it a crash sale because they crashed the website last year on amazon. So the competitions good and i must tell you, its going to lower prices for the consumers and it will continue Going Forward. Stuart that was my question. Is this phenomenon a good thing for america . My answer is yes, unequivocally. This is a good thing. You . Competition lowers cost. Simple as that, for the consumer. I have to tell you, i expect probably amazon to go amazon prime quarterly day. You will see a lot more of this Going Forward. Stuart the stock right now, 1900 a share. Let me talk about bitcoin. Overnight it touched 14,000. They had technical problems, on a big exchange. Bitcoin way, way down. Now its 11,700. Gary, you have never been a big fan of bitcoin, have you . No. Look, the first time i ever talked to you about it was in december of 17. I told you all these coins would drop 80 to 100 and all the Scam Companies that were changing their names would turn to dust. We basically got a lot of that. Bitcoin is standing tall versus the rest of them and it really turned when facebook, when the rumors came out facebook with their 2. 4 billion people may try to come out with some crypto currency and the stocks been en fuego as they say. Theres nothing behind it, no backing, no earnings, no sales growth. Theyre just buying into something, i call it air, and god bless them if they make money off it. Look, this move has been real strong. I missed it but i also missed the 80 down. Stuart im too old for it anyway. Last one. President trump, president xi, they meet on saturday in japan. Now, what does the market do on monday morning if we just if all we get is a handshake and a smile . What does the market do . It wont be happy but i dont think the market will get killed because there is some movement but i will tell you, if the tariffs start heading north again, i think thats big trouble. I see it every day in the markets. Thats something President Trump needs to be very, very careful about, because our economy is decelerating a little bit here and any more deceleration will take you down to flat line. That would not be good news. Its an important meeting. Stuart we hear talk of a trade truce, whatever that means, if there was a trade truce, does the market go up monday morning . Im sure it will go up a little bit, yeah. Listen, i will take a truce at this point in time because the rhetoric on both sides, not that good. China came out pretty strong today saying this is what we want or else. Its things that trump said he wont give. Again, hopefully Better Things happen but right now, i think ill take a truce. Stuart okay. So would i. Gary, thanks for joining us. Appreciate it, always. Boeing and the regulators have discovered a new technical flaw in the 737 max jet and thats taking the stock way down. Youve got a 3 loss, about 11 a share. Its a dow stock, remember, so it hurts the overall dow average. Better profit at walgreens. That profit helped by strong pharmacy sales. Look at that go, 3. 7 up for walgreens. Look at home builders. By the way, we get the latest read on Mortgage Rates at the top of the hour coming up. Thats going to be a big deal. Last week it was 3. 8 something. We are expecting it to come down a bit this week. Lets see what happens when we get those mortgage numbers. Overall, we are going to be down ever so slightly for the dow at the opening bell but again, thats all about boeing. Look at that nasdaq. Watch out, big tech. Looks like they are going up this morning. Big day at the Supreme Court. In our next hour, the Supreme Courts probably going to hand down that decision on whether the administration can include a Citizenship Question in the 2020census. When the ruling comes in, you will get it right here. Facebooks zuckerberg backing privacy legislation but says his company should not be broken up. Good story. Were on it. Dont expect fake meat on the menu at arbys any time soon. Its taking a shot at meatless burgers by creating fake vegetables. What . Varney company is just getting started. Cant see what it is yet. Re . What is that . Thats a blazer . Thats a chevy blazer . Aww, this is dope. This thing is beautiful. I love the lights. Oh man, its got a mean face on it. It looks like a piece of candy. Look at the interior. This is nice. This is my sexy mom car. I would feel like a cool dad. Its just really chic. I love this thing. Its gorgeous. I would pull up in this in a heartbeat. I want one of these. That is sharp. The allnew chevy blazer. Speaks for itself. I dont know who they got to design this but give them a cookie and a star. But dad, youve got allstate. With accident forgiveness they guarantee your rates wont go up just because of an accident. Smart kid. Indeed. Are you in good hands . Who is this economy really working for, when you have an economy that does great for those with money and isnt doing great for everyone else, that is corruption pure and simple. We need to call it out. We need to attack it headon and we need to make structural change. Donald trump just sits in the white house and gloats. This is supposed to be the party of working people. Yes, were supposed to be for 70 tax rate on the wealthy. Yes, were supposed to be for free college, free public college. This economy has got to work for everyone, and right now, we know that it isnt. This is actually an economy thats hurting Small Businesses and not allowing them to compete. Stuart what . What . Its hurting Small Businesses . What utter bloody nonsense. Excuse my language, herman cain. Excuse my language. The democrats are saying oh, this economy, this prosperity, its not fair. Your response to that one, please, sir. Make it sharpedged. Come on. Have a go at them. Your bloody criticism is a lot softer than mine would be. They are deceiving the viewers, period. They never talked about wages being up, over 3 . They never talked about historically low unemployment rates. They never talk about that. All of the Business People and the workers that i run into tell me that things have not been better. They are deceiving the American People. Now, the good news is that some voters are not stupid. They are not buying this malarkey thats coming from the lunatic democrats that some people saw last night. You see, i fell asleep after my popcorn and beverages ran out, okay. So i cant say that i watched the whole thing. It was putting me to sleep. Stuart as the president said, it was boring. Wait, theres a serious point to be made here. You are a ragstoriches guy. Thats who you are. You made it from nowhere, born poor, you made it. Now, do you think theres room for someone like you in the trump economy, or in the Bernie Sanders economy . Which is it . It would be the trump economy. As you know, on july 1st here in atlanta, we are having a World Premiere documentary of my life. My life is an american Success Story when you dont look for excuses. I didnt make any excuses. My parents didnt make any excuses. Thats probably where i got my work ethic from. So if you dont look for excuses, you can succeed in this country, and thats the purpose of that documentary thats going to premiere here in atlanta on monday, and people can go to hermancain. Com if you are in the area in order to get tickets. Stuart i dont want to take too much of a left turn but listen to this. President ial candidate governor jay inslee not happy with mcdonalds chief executive salary. Watch this. It is not right that the ceo of mcdonalds makes 2,100 times more than the people slinging hash at mcdonalds. Stuart you used to run a pizza company. What do you make of that . Governor inslee does not know what a ceo does. If he did, he wouldnt be using this phony narrative in order to try and attract votes. When a ceo makes a strategic critical decision, it impacts thousands of workers. It could impact whether or not a plant gets built. So he doesnt know the importance of what a ceo does because he doesnt understand the longterm implications of decisions that they make. So here again, he is deceiving the public with this rhetoric. But the good news is most people are not buying it. Stuart i have made special time just for you to deal with this. Arbys. They are answering the fake meat trend with vegetables made from meat. Now, the companys releasing kind of a tongue in cheek video showing you how to make carrots out of turkey breast. You ran godfathers pizza. Again, i want sharpedged reaction from herman cain. Give it to me. This dog wont hunt. Thats my response. I commend them for trying something different. It reminded me of when i was working at burger king as a regional Vice President and we put in salad bars, and we thought that the salad bars were going to be the cats meow. Customers came in and looked at the salad bar and said thats nice, ill have a double meat cheese whopper. This dog is not going to hunt. Okay . They may get a little initial kick but im telling you, the American People love meat and they are not about to change. Stuart youre all right, herman. Anybody who can put a smile on my face after last nights debate, you did it well, young man. See you again soon. Thanks. Look at futures on this thursday morning. We have now turned higher. 17 points up, maybe, for the dow. Look at that nasdaq. Thats where the action is, in technology. Up a half percentage point. Question, would you pay six figures for a pickup truck . Chevys getting ready to release a version of the silverado that costs more than 100,000. That story is next. Is where people first gathered to form the Stock Exchangeee, which brought people together to invest in all the things that move us forward. Every day, invesco combines ideas with technology, data with inspiration, investors with solutions. Because the possibilities of life and investing are greater when we come together. Look limu. A civilian buying a new car. Ug lets go. Limus right. Liberty mutual can save you money by customizing your Car Insurance, so you only pay for what you need. Oh. Yeah, ive been a customer for years. Huh. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Hey i live on my own now ive got xfinity, because i like to live life in the fast lane. Unlike my parents. You rambling about xfinity again . Youre so cute when you get excited. Anyways. Ive got their app right here, i can troubleshoot. I can schedule a time for them to call me back, its great you have our number programmed in . Ya i dont even know your phone anymore. Excuse me . what . I dont know your phone number. Aw well. He doesnt know our phone number you have our fax number, obviously. Todays xfinity service. Simple. Easy. Awesome. Ill pass. Stuart Delta Airlines will allow passengers flying to the Dominican Republic to change or cancel their flights without penalty. The news came out yesterday. This morning, the stock is up premarket, not much, but its up. Look at general motors. The Chevy Division working on a pickup truck that could be the first to top 100,000 price tag. Ga gary, what do you get for 100,000 bucks . Its amazing Car Companies are racing to make the most expensive truck. Ford already makes one you can spend 95,000 on and it has been heading in this direction. We are talking about the big super duty, heavy duty trucks, not the sort of thing everybody drives around as a normal vehicle. You talk about leather interiors, Adaptive Cruise control, big booming sound system. This is the big crew cab, the most powerful engine stuart its big. Its not for everyone. The price is going up, up, up. These trucks start at 40,000 so they add these features and get a lot of cash. Stuart pure profit. I understand. I got it. What about the camaro . Are they doing away with it . Theres a story in muscle cars and trucks. Com. Sources tell them they stopped development on the next generation camaro which would have come out in 2023 and they will put it on hiatus after that. They have done this before. They didnt make one from 2003 to 2010, sold really well when it came back. This latest update they came out with a couple years ago has not been a big hit. Sales have been going down the past couple years. Chevy only sold 50,000 camaros. When you are spending a lot of money developing a new lineup of electric cars, Something Like this might have to get pushed to the side. Thats not to say they wont replace it with another type of sports car and maybe bring it back some day. Stuart the attraction of the muscle car was always the acceleration, the pickup. Interestingly, they actually made an electric version of the camaro, drag racing version, they have been bandying about saying maybe we will do Something Like this. General motors has confirmed this but havent denied they are walking away from the camaro. Stuart doesnt have the throaty roar. Got to go. Got to go. Gary gastelu, thank you very much indeed. We will open the market in about five minutes. We will be up 20 points on the dow but watch the nasdaq. Watch your tech stocks. Looks like they are going up today. Back in a moment. Your daily dashboard from fidelity. A visual snapshot of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. You need decision tech. Back then, we checked our zero times a day. Times change. Eyes havent. Thats why theres ocuvite. Screen light. Sunlight. Longer hours. Eyes today are stressed but ocuvite has vital nutrients to help protect them. Ocuvite. Eye nutrition for today. Stuart we have some youngsters in the studio this morning and i was saying sit back and watch history being made, lads. Youre going to love it. Isnt that right . Yes, it is. All right. The price of gas nationwide averages 2. 69. It started to go up. However, look at california. I think, ash, they are pretty close, look at that, 3. 73, moving towards 4 . Ashley some places in california, the eastcentral part of california, well above 4 a gallon. Now, july 1st which by the way is just around the corner, another 5. 6 cents per gallon tax will be imposed. I was just reading some of the drivers responses in california. They are saying we hate taxes, we have literally become numb to them in this state. Okay, another five cents per gallon, another 3, 4 a month. They will just keep paying it. The average, close to 4 a gallon in california. Stuart keep electing socialists. Come on. The opening bell is actually ringing. When it stops ringing, they will start trading. It is thursday, june 27th. Here we go, sports fans. Im looking for a gain on the dow, a fractional gain on the dow. Didnt get it. We are down 12 points but not all the dow stocks have opened yet. Okay. Now we are down six. Call it flat to slightly lower. The reason now were moving up. By the way, theres one dow stock thats down sharply, boeing. Get to that in a moment. That is hurting the overall average. The s p 500, wheres that . Up oh, not bad, a quarter percentage point higher. Heres what i want, the nasdaq. Home of the technology companies. Where is that . About a third of 1 . Well take it. 7,939. The yield on the tenyear treasury, 2. 03 . Yesterday it went fractionally below 2 . Where is the price of gold . Is it still at 1400 . Yes, but only just. 1406 is your price per ounce. And oil, not at 60 a barrel this morning. No. Its 59. 27. Michelle mckinnon is here, eddie ghabor, susan li and Ashley Webster all together now. Okay. President trump meets xi jinping on saturday. Michelle, what does the market do on monday morning if all weve got from this summit, if all weve got is a smile, and a handshake. What does the market do monday . Higher. Stuart really . Yes. I think the market needs something to say they are speaking, the lines of communication are open and markets will move higher. Stuart eddie, president xi laid down some pretty strong terms this morning. Stop restrictions on huawei, get rid of all the tariffs. Thats what we want. Thats pretty hard line. What does that tell you . If he takes that hard line stance on saturday during the meeting, i believe President Trump walks away from the table. Its not going to be good for the market but i think thats the right move. We have all the leverage in this negotiation right now. Our economy is strong. They are suffering. Manufacturers are leaving china right now. They are having to put stimulus in their economy. Its not going to be good for the market shortterm but eventually they will have to come to the table. Best case, they do not come with that hard line stance. They will say put a temporary halt on the 300 billion in tariffs and we will continue the negotiations. Stuart that market would go up on that. Susan the media is calling this a generational trade deal. They are putting a lot of pressure on xi jinping in terms of what hes going to negotiate but we have been here before. We have been at these asks, you know, to not have these punitive tariffs, to not go to 25 on 300 billion worth of goods and not to, by the way, crimp huawei. This is similar to zte. I feel like we have been here before. I dont think these are tough asks in that we have negotiated these rules and regulations. Stuart we are right up to the brink. Thats where we are. Ashley sounds like china is coming in strong with the huawei request and take away the tariffs. I think President Trump goes in hard. I think he does. We had a deal and you walked away, im not so optimistic. Stuart we absolutely do not know whats going to happen in that room. Ashley right. Stuart what we are hoping for, what we think might happen is a smile and a handshake. Susan ill take it. Thats the best case scenario. Susan a china deal looks like what the u. S. President says it looks like. Well know saturday how the market will open monday. Stuart all right. Facebooks chief succezuckerber okay with the regulation of the company for privacy purposes but does not want the company to be broken up. Seems like hes charting a middle ground course here. Which probably is quite promising for the company. It is. I think thats reasonable. Look, they will have regulation and i dont think its necessary to break up the company but certainly regulation in regard to privacy needs to be put into place. Stuart but dont break them up. You wouldnt want that. What do you say . Susan of course he doesnt want instagram and whatsapp to be broken up. They are two extremely valuable parts of the company. Dare i say if they are broken up, i think about ebay spinning off paypal. Who knows. It could be positive if they are forced to do that. Susan i was watching the aspen ideas 101. He made a good point. He said when i bought instagram, people were mocking me saying why are you paying billions for a picture app. Now look what hes grown it into, right. So also, you are putting the onus on the government. You define hate speech. You define what terrorism is. He doesnt see that these mergers should be broken up because at the time they were criticized. Stuart facebooks stock is 189. 64 as we speak. Boeing and regulators discover a new technical flaw in the 737 max jet. The headaches just keep on coming, dont they . Thats a headache right now. You are down nine bucks at 365. That stock has not really recovered. Its had its ups but loads of downs. Would you buy it . I always like a comeback story. I always like to buy the dip. I encourage my investors when you are dealing with individual stocks its just so hard to tell. If you want to buy boeing, buy boeing in an index so you get Companies Like apple and amazon for some protection if it continues to go down. Stuart the high on boeing was 446. Its now 364. You wouldnt buy it . The amazing thing with boeing, it hasnt taken the hit you would really think with something so big. They put all their eggs in the 737 max. Thats a Business Risk the company takes. When all your eggs are in that basket and it fails, there could potentially be a lot more downside if this delay continues. Stuart the expectation is it will come to market, it will be a successful product and they can get a dollar number on their liability. When you get the dollar number and you get ashley clarity. Yeah. Stuart i would imagine the stock goes back up again because they have orders. Ashley massive back order for boeing. This plane seems fated right now. They just cant work out the bugs. Stuart boeing is taking quite a few points off the dow industrials which is still up a little. We are up six points. Flat to slightly higher. Lets leave it at that. Better profit at walgreens. Selling a lot of pharmacy products. Walgreens is up 4. 5 . Conagra sales and profit fell short. When that happened, the stock goes down. Its off 7. 8 . They make birds eye stuff among many other things. Mccormick, the spice people, their sales were flat. The stock is down 2 . Nike, they report after the bell today. Right now, you can see what its doing. 83 a share, up 70 cents. Bitcoin. It touched 14,000 a coin overnight, then one of the exchanges crashed. Susan one of the largest ones. Stuart fill in my sentences for me. At my age, you need that. Coin base crashed, down it went. I dont know whether you touch it with a tenfoot pole or not. I cant remember. Its something people ask us about all the time. When it comes to investing, i prfr to prefer to be able to look at the balance sheet. What is behind bitcoin, how many people are able to manipulate the price. There could be highly concentrated people that own this and theres a lot of exchanges trading it that probably arent even properly regulated at this time. When something moves like this, in my opinion, im conservative as you know when it comes to investing. I think its way too speculative for our client base. Stuart okay. I will go with the libra. Susan i was going to say, we havent talked about libra. Interesting. Stuart i will do that. If i knew how to do it. Susan some say this is not real crypto because its backed by right. Its not necessarily blockchain, pure blockchain that bitcoin is. Or the crypto based on supply and demand. Stuart crypto, youre killing me. Youre killing me. Do take a look at google. It will now let you delete your location history automatically. Susan google, before they were collecting your location data, whether or not you turn it off in the settings. They say it was to improve their services, kind of like what amazon says when they record you on alexa. Now users can opt in to have their location data automatically deleted from google every three or 18 months depending on your preference. Stuart if i was in a place two weeks ago that i wasnt supposed to be, i could go and say wipe that out, please . Can i do that . Susan i guess so. Ashley where was that . Susan raise a lot of questions. Stuart why dont we take a look at amazon, the other major retailers. Prime day, two weeks away. Amazons rival jumping on the band wagon with deals of their own. Seems to me, i want to get back to this because amazon is a trendsetter. Its a cultural phenomenon. They are, absolutely. Look, this competition they are bringing is good. Its strong. Prices will come down but at the end of the day, they may penetrate the market but amazon is going to continue to be the leader in this space for the foreseeable future. Stuart its a wonderful thing. Its a wonderful thing. Im really curious to see, i never downloaded the target app. I believe they have a target app. The reason why i love amazon is i can literally go on amazon, in two seconds i can look at flipflops, buy flipflops, have them the next day with such ease and im curious if targets experience is similar. Thats what its all about. The consumer experience. Susan i like the fact you called it a trendsetter. Black friday moved up. Forget about november. Now its going to shift to july or sometime in the summer. Im wondering if necessithey wi alibaba single sales days. They sold 30 billion in one single day. Stuart that would be hard to beat. Last prime day was 3. 6 billion. Gary kaltbaum told us that. Susan in gross merchandise value, sold in one single day on singles day by alibaba. Stuart i want to see the total number in two days. July 15 and 16, i think it is, two days, what will they get. The aggregate numbers, too, for retail, how strong that is. Stuart it was a huge bump up because of the amazon phenomenon in the middle of summer. Ashley yes. Stuart fascinating. It really is. 9 40. Sorry. Im sorry. You have come all the way here, you get ten minutes of glory. Your kids are in the studio. Next time youre here, you are going to tell me what is the capital of egypt. Okay . Susan they know. Stuart do you know . Cairo. Excellent. Excellent. Excellent. Thank you very much indeed. Check that big board, why dont we. We are down 15, 13 points. Slight reversal there. Bernie sanders calling President Trump the worst kind of socialist, he said that in a new oped. Its in the wall street journal, by the way. Cant make this stuff up. My take on that in the 11 00 hour. One young woman battling cancer credits the right to try law for saving her life and she thanked President Trump for it during a meeting at the white house. Shes going to join us in our next hour. Democrat president ial candidate Elizabeth Warren, Amy Klobuchar visited a migrant detention facility in florida before last nights debate. Their colleague senator rick scott calls it disgusting. Senator scott is on the show. In fact, hes next on varney. Carvana is six years old this year and is the Fastest Growing place to buy a car in the nation. Its because we have thousands of people working hard to make our customers experiences the best. Its because we have tens of thousands of cars ready to be delivered to your doorstep. And its why hundreds of thousands of happy customers have ditched the dealership and bought their car online, earning us an average 4. 7 stars in the process. So if you didnt know about us before, you do now. Were carvana, and we want to give you the car buying experience you deserve. Stuart its a modest loss for the dow, down 12 points. I think almost all of that loss is accounted for by one stock, boeing, which is sharply lower today. Amazon teaming up with riteaid for package pickup. Okay, pickup. Ashley this is terrific. 1500 riteaid stores nationwide. It gives amazon that distribution to pick up packages and its great for riteaid. These assigned stores where you can go pick up your online orders. Stuart anything, right . Any kind of online order from amazon ashley but add the foot traffic and sales riteaid could get out of this. Interesting because amazon, even though its the biggest foe of brick and mortar, is now using brick and mortar for that very important last mile of delivery. This is another way to be able to give the customer the ease of picking up their packages. Stuart the stock is up 5 . Susan amazon, the whole foods, the locker model. Ashley good for riteaid. Stuart president ial candidates Elizabeth Warren and Amy Klobuchar, they went to a Migrant Detention Center in florida right before last nights big debate. Senator rick scott, republican from florida, is with us now. Mr. Senator, why are you not happy with their visit to the migrant camp . First off, we dont have to work anymore. Everythings free. By the way, if you do work, the taxes are going to be so high you cant keep it. Ill take it. Hard to believe anybody takes these people seriously. Think about this. This Detention Center has been open since 2014. Oh, yeah, who was the president then . Barack obama. Did they go down there when barack obama was president , say oh, this is all wrong . No. What theyre doing is they are causing the problem, the democrats who will not vote to secure our border, will not change our asylum laws, then they want to go out and attack the wonderful people theyre trying to take care of our borders, make sure drugs are not coming across the border, make sure terrorists are not coming across the border and somehow theyre the bad guys. Its crazy. Stuart they went overboard last night on open borders. Julian castro flat out opened that border, let them all come in. I was surprised, because this is not the Democrat Party of three or four years ago. Its completely different. Its not my dads Democrat Party. That party said i care about you and you having a job. The Democrat Party today says look, you know, we want open borders, bring all the drugs in, bring all the terrorists in, we dont care. We are going to tax the living daylights out of you, tell you how to lead your life and by the way, that private Health Care Insurance you got, its gone. You arent going to have any more of that. The government is going to do everything. Wasnt it soviet russia that was doing this when we were growing up, now thats exactly what they want to bring here. Stuart what was that expression, you think health cares expensive, just wait until its free. I forget who said that but somebody did say that. While were on the subject of the border, the house and senate have to reconcile their border bills. I think theyve got to do it before they leave for recess. Are you going to stay in d. C. Until they get this done . Im going to be here to make sure that we do this humanitarian relief. Im still frustrated that the democrats dont want to secure our border. We wont spend the few billion dollars it is to secure the border, more agents, technology, various things like that, but we will spend 4 billion plus for humanitarian relief and we should be spending that money to take care of these individuals, but think about it. We wouldnt be spending this money if the democrats would help us do what we should be doing, secure our border, prevent the drugs from coming across, create a program that we all want. We believe in immigration. Im from an immigration state. But fix it so we have legal immigration, not illegal immigration. Stuart will you stay in d. C. , you yourself, until you get this done . Absolutely. Im going to stay here to get this done. Im absolutely committed to getting this done. Im hoping its going to be today but look, im going to be here. We will get this done. Stuart okay. Mr. Senator, its always a pleasure. Thank you very much for being on the show again. We appreciate it. Nice seeing you. Stuart yes, sir. Back to money, back to the markets. The dow 30, look at that, about 25 are green. That means theyre up. Just a few on the downside. Boeings the big loser. Thats hurting the dow a little bit. Nonetheless, we are up 14 points for the dow industrials. Im told boeing takes 70 off the dow. New company shaking up the wellness business. Go online, take a threeminute quiz about your health, the company then recommends the vitamins you should have and sends them to you. I want to know what they have for me. We did ask. Thats next. Under this buttonwood tree, is where people first gathered to form the Stock Exchange which brought people together to invest in all the things that move us forward. Every day, invesco combines ideas with technology, data with inspiration, investors with solutions. Because the possibilities of life and investing are greater when we come together. Stuart there is a Nutrition Company thats trying, trying hard, actually, to disrupt the wellness business. This company is called hum nutrition, hum, hum nutrition. Heres how it works. You go online, you take a quiz about your health, the company recommends the vitamins that you need and then sends them to you. Thats how it works. Joining us is walter folstrow, the ceo of hum nutrition. We will get to what you sent me in a moment. Have i got it right, you fill out a form, send it in, you tell me what vitamins i need and you send them to me. Is that it . That is correct. In addition to that, you also get assigned your own nutritionist through our website who you can work with and she will tell you whats right or wrong for you nutrition wise. Its a very interesting concept, very holistic concept. Stuart is that a british accent youve got there . I used to live in the uk but im originally from austria. Stuart okay. Well let you off. All right. Now, say one fills in the form for hum nutrition on my behalf and said, i said i wanted energy and memory. You know what you sent me . Okay. Stuart you sent me skin heroes, preprobiotic that nurtures your skin and gut protection, you sent me here comes the sun, and you sent me turn back time, agedefying skin cell protection. Whats that got to do with my memory and energy level . The energy level is an interesting one because you are probably b3 deprived. You ever heard the expression having the winter blues . That happens because you dont have enough d3. Thats a huge nutrient thats very important to boost energy levels. As it comes to your other concerns, i wasnt there when the form was filled out so maybe your colleague mentioned that you have also some skin concerns which we are trying to address. Maybe this is what happened. And they played a bit of a joke on you. Stuart look, you are price competitive, i take it, because if i wanted vitamins, i would normally go to a gnc. Are you telling me you can get them to me cheaper . I dont think its about cheaper. Its really about something that really works for you and thats important. So in our case, what we do is we really offer a very comprehensive service. You go to the website, take a quiz, you get your results, but you can also work with a nutritionist for free who will help you identify whats right or wrong for you, then we will ship to to you in the post. Its very convenient. Its not a question about providing something cheaper. Its a question providing whats right for you. Stuart you give me Health Advice built into that, isnt there . I would say yes, wellbeing advice that we are providing in addition and i think its a very comprehensive solution. But the quality you are receiving is also greater. Its not just about like the advice. Its also about giving you exactly the right nutrients at the very high quality but the price point is also attractive for the quality that were delivering. Stuart you got any testosterone . I mean, really. Let us know of your concerns. That is not really our business. Were not offering testosterone. If theres something you require, im sure that other services out there can help you. Stuart oh, im sure there are. Yes, im sure. Youre all right, you really are. Thank you very much. Im very interested in your company. I know you are expanding rapidly. Thanks for coming on the show. Good stuff, sir. Appreciate it. Thank you so much. Thanks for having me. Stuart bank of america will no longer do business with companies that run Detention Centers. Susan white collar protests. Remember wayfair, the first retailer yesterday, their workers in boston walking off the job because of protesting that 200,000 contract to provide beds to a Detention Center near the border. Well, bank of america now says they will stop providing loans to caliper, a newspaper, the miami herald said they had been offering these companies 383 million and 75 million in credit lines as well. This is private prisons, also Detention Centers. They will stop any credit being doled out to these type of companies. Stuart that thet i cpathetic. Thats another story. Thank you, susan. Republican law makers in oregon have gone into hiding, trying to prevent a vote on a climate bill they claim would devastate the states economy. Good story. Were on it. Just moments from now, we expect to get the Supreme Court ruling on the Citizenship Question on the census. When we get it, you will, too. The Doctors Office might mejust for a shot. O but why go back there when you can stay home with neulasta® onpro . Strong chemo can put you at risk of serious infection. In a key study neulasta® reduced the risk of infection from 17 to 1 a 94 decrease. Neulasta® onpro is designed to deliver neulasta® the day after chemo and is used by most patients today. Neulasta® is for certain Cancer Patients receiving strong chemotherapy. Do not take neulasta® if youre allergic to it or Neupogen Filgrastim . An incomplete dose could increase infection risk. Ruptured spleen, sometimes fatal as well as serious lung problems allergic reactions, kidney injuries and capillary leak syndrome have occurred. Report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. In patients with sickle cell disorders, serious, sometimes fatal crises can occur. The most common side effect is bone and muscle ache. If youd rather be home ask your doctor about neulasta® onpro. Pay no more than 5 per dose with copay card. Has been excellent. They really appreciate the military family and it really shows. With all that usaa offers why go with anybody else . We know their rates are good, we know that theyre always going to take care of us. It was an instant savings and i should have changed a long time ago. It was funny because when we would call another insurance company, hey would say oh we cant beat usaa were the webber family. Were the tenneys were the hayles, and were usaa members for life. Get your usaa Auto Insurance quote today. Stuart very soon well get a ruling from the Supreme Court whether or not a Citizenship Question can be added to the 2020 census. 17 states challenged the Administration Plan to ask the question, are you a citizen. The ruling is coming down very shortly. When we get it, you will get it. That is a promise. It is thursday. 10 00 eastern time. You know what that means. Mortgage rate today. Ashley 3. 73 . 3. 84 last week. No big surprise we see the Interest Rates come down, down seven of the last. Lowest level in two years. Stuart 3. 73. Ashley on 30year fixed mortgage. 15 year mortgage, 3. 16. Stuart as we always say you paid 16 . I paid 12 . There you to. Ashley just saying. Stuart there is no reaction on the stock market. The Dow Jones Industrial average is modestly higher, a 10point gain, 26,546. All right, everyone. Now this. Just picture this. The president is on air force one. He is heading to the g20 meeting in japan. He is watching the democrat debate. He tweets out one word. Boring. When, that is his opinion. It was certainly not as entertaining as the original trump debates. No serious insults barbed comments or putdowns. The gloves stayed on. Of course they did. The 10 candidates all moved almost in lockstep to the left. They all agree on taxing and spending. It is just a question of degree. Almost without exception, they would all tax more and spend more. Their biggest problem, is the successful trump economy. How do you campaign against prosperity . Well they all played the fairness card. Amy klobuchar said not everyone shares this prosperity. Cory booker says it is hurting Small Business. I dont know where he got that one from. Beto orourke said the economy is rigged to the corporations and very wealthiest. Bill de blasio demands a tax rate of 70 . They seem intent on killing prosperity, perhaps because President Trump created it, nothing trump does can be seen as good. Where they really turned sharp left is on health care. The moderator asked, who would abolish private Health Insurance. Elizabeth warrens hand shot up immediately. Followed shortly afterwards by bill de blasio. Grantedded senator warren wants to get out in the front of socialist stakes, lock in the base. But still surprising that the democrats should have moved so far away from the center. Did you ever think we would see the day when a leading president ial candidate tells 150 million americans, no, you cant keep your private insurance. You have got to give it up and get expensive, bureaucratic government care to replace it. That, sr. We are. Free stuff for all of the, given by the government. Economic nonsense, a very weak answer to trumps prosperity. One last point, none of the moderators asked a single question about how all the free stuff would be paid for. That is fortunate. Because it cant be paid for. And the left is most unwilling to do the math. Lets get straight at it, shall we. News alert. Look at that man, present in the 20s and 40s. Straight down pennsylvania avenue, here he comes. Turning point usa founder charlie kirk. You heard my editorial last night. I agree with the president s statement. It was boring, didnt really get anywhere, did it . It was very boring. Stuart, you made such an inciteful point in that editorial where i have never seen a group of people try so hard to convince the American People things are bad. Things are actually really good right now. Wages are finally going up. Manufacturing jobs coming back to this country. This is the best june on the stock market in 80 plus years. You see an entire group of politicians committed to selling misery in times of prosperity. That is a tough sell to make. You even saw the moderator beginning parts of the debate, well, senator warren, 70 of americans believe the economy is pretty good. Then Elizabeth Warren dismissed it, no really not working that well for most people. Almost as if they believe that they can sell misery better than the reality of prosperity. Stuart i was really shocked, not a single moderator, several of them over the two hours, not one asked how do you pay for all of this stuff . Im sure that will be a very, a question they will be unwilling to answer because you cant answer it. I was struck by the fact they never went there. Yeah. They would say three words, tax the rich. What does that even mean anymore, when you look top income earners are paying 60 in taxes, if you count, state, local, federal taxes all put together. What is interesting, stu, you made another great point in your editorial, no matter what donald trump does they must be opposed to it. That is the new commandment of the left, what really drives them, no matter what he couple accomplishes, what he states, they must find opposition to it. It is quite interesting, i would love a single question to be asked, as donald trump done anything good . Can they name one thing he has done right . Wouldnt that be a interesting question to see them answer. They would scurry out of it. They refuse the answer basic questions of math or economics. Stuart if that is suggestion for the moderators tonight, i think that is good. I dont think theyre watching this program, nonetheless that would be a good suggestion. You never know. Stuart last one, joe biden is going to have a very hard time tonight because the party has gone way out to the left. I dont think he can afford to go with them. He has a very hard time. What say you . I totally agree. I will say i was surprised that considering last night was mostly lower tier candidates except for warren, they were not punching up against biden. That was fascinating to me. If i was one of them which i wouldnt have had, i would have gone way after biden gotten headlines. The biggest existential threat to our country. Governor inslee from washington said donald trump which is one of the most detestable statements imagine, saying the United States president is biggest threat to our own country. About the rest, most of them said china, which is a direct hit towards joe biden. Joe biden said china is not a threat to us, his family has done direct business with china. I see china might be a very big issue that might divide the democratic primary. That was a veiled shot against joe biden. Stuart 20 to 30 years before youre in a president ial debate, keep your powder dry. Not a democrat one. Stuart i know that, lad. Charlie, see you soon. Thanks, stu. Stuart look at bitcoin. It touched 14,000 per coin overnight. Then there were problems at a Major Exchange t came crashing down. It is down 1100 per coin, 11,350 is where we are now. Bradley tongue is with us, tusk you have invested in bitcoin . I invest in the places where you trade bitcoin. Stuart is it safe . You crash the exchange, it is not safe. Look, i think what youre looking for if youre a bitcoin investor or any cryptocurrency, what youre saying i dont trust central banks, central government, the fed here, argentina, venezuela, places like that. It is not unreasonable for people to say i dont have confidence in my government. Would i prefer a sovereignless crypto can you currency people like me are trading instead. That is not a crazy idea given the lack of faith in institutions these days but you still have some way to operate. You still have to some kind of a mechanism. Coin base is the preeminent way to trade bitcoin and other cryptocurrency. If coin base goes down, there is literally no way to do it unless you go to another exchange. Fundamentally even sovereignless crip cocurrency needs some level of infrastructure, centralization to work. Stuart you would thought investing in coin base you would provide the infrastructure, and it crashed. Can i conclude therefore, something wrong with coin base youre invested. Even if i wasnt, look, i think that different types of technology crash, twitter goes down sometimes, facebook. Stuart true. Im not sure calling any technology any fallibility thing is not safe. What youre really saying is, fundamentally if youre going to invest in something by definition the opposite of a sovereign currency run by a central bank is the infrastructure there to support that kind of system . The network, by and large coin bank has done a good job. It is young, new, ipo company it hasnt had ipo. Stuart did you get a call in the middle of night. Im down there. Stuart amazon, prime days, july 15th, 16th, walmart, ebay, target up whying on the bandwagon. Yeah. Stuart this to me is extraordinary, retailing revolution created by amazon. You have this massive selling days, two of them in the middle of the summer. This is a revolution. I really approve of it. This is great thing. Look, lots of holidays we see as normal american traditions were created to sell things. Valentines day, mothers day, lesser extent fathers day. So, thats fine. Thats good. What it means a lot of these things are somewhat arbitrary. If amazon or walmart or someone else thinks they can create more sales and spur more revenue by doing a couple special things in the middle of the summer there is nothing wrong with that. Back to school at one point wasnt a big event and now it is. Clever and everyone looking for an edge. Stuart all these deals, prices are coming down. Consumer wins on this. Consumer wins with one exception. I live here in manhattan. On the way to the studio, walked by so many empty storefronts, that is concerning. If you live especially in a big city, a small town, a lot of local businesses physical retailers cant compete, that is a concern. But putting that aside, overall, if youre consumer looking at best price on walmart. Com or store or anything else, it is good for you. Stuart got it. Bradley tusk. Thanks for having me. Stuart breaking away. The Supreme Court has a rule on the gerrymandering case. Hillary vaughn at the Supreme Court. Details please. Reporter stuart, they struck it down essentially saying they dope have jurisdiction over this. They dont want to deal with this. Two cases, North Carolina plaintiffs and maryland plaintiffs complained they said the way the districts were drawn were too partisan. They had issue what is essentially called gerrymandering the party has control of the state redefines their district to their advantage but the court didnt want to deal with it. Justice kagan delivered dissenting opinion, said for First Time Ever this Court Refuses to remedy a constitutional, constitutional violation because it thinks the task is beyond its judicial capabilities. Really the argument here is, one side saying, they dont think they have have to deal with this or make a decision on this. The other says they should. Stuart. Stuart okay. Sounds like a put to me but reporter exactly. Stuart that is a nonlegal expression. I will use it. Hillary, thank you very much indeed. Moments from now we expect to get the decision whether the census can include a question on citizenship that is very big case, very important. Well get it for you as soon as there is a ruling. We have this too, republican lawmakers in oregon are in hiding. They are trying to avoid a vote on a Climate Change bill which they say would destroy the states economy. One of those senators is showing up for us today, coming out of hiding so to speak. Yesterday, President Trump addressed the faith and freedom coalition. With him was a cancer survivor who praised him for passing the right to try experimental drug law. She said it saved her life. She is on our show later this hour. What do you look for when you trade . I want free access to research. Yep, td ameritrades got that. Free access to every platform. Yeah, that too. I dont want any trade minimums. Yeah, i totally agree, they dont have any of those. I want to know what im paying upfront. Yes, absolutely. Do you just say yes to everything . Hm. Well i say no to kale. Mm. Yeah, they say if you blanch it its better, but that seems like a lot of work. No hidden fees. No platform fees. No trade minimums. And yes, its all at one low price. Td ameritrade. On a scale of one to five . One to five . Its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry clive actually, really angry. Thank you. But what if your business could understand what your customers are feeling. And then do something about it. Turn problems into opportunities. Thanks drone. Customers into fanatics change the whole experience. Alright who wants to go again . I do i do i have a really good feeling about this. Monthly incomeonwide annuity, for the rest of your life. Thats what im talking about. How about those song lyrics . What song lyrics . Tell him again. Tell him again. Repeat it. Yeah, same thing. advisor so with a nationwide annuity, you can get protected. Stuart were down 30 points on the dow industrials, fraction of 1 , 26,500 is the level. Deutsche bank says still, facebook is a buy. That is probably helping the stock a little bit. It is up a buck 70, 189 is the quote. The wall street journal has a report that china is sending President Trump new terms, series of terms for a trade deal. Sounds like a hardline. What is in it. Susan Chinese Media says generational trade deal. Looks like president xi xinping is setting a hardline. Three asks here. They want huawei restrictions lifted. They want to buy less u. S. Goods. Remember they agreed to 200 billion a year. They dont want that to go up to 300 billion a year. Number three, list of punitive tariffs, meaning the u. S. Leaves tariffs on until china follows through on their promises. That is something china does not want to agree to. Stuart how much compromise on getting rid of watt way restrictions. Well not do 200 billion more of imports. Number three, we dont want punitive tariffs, get rid of them. That is hardline, hard to find middle ground there. Susan no 25 raise on rest of goods that china imports or exports here to the u. S. One big headline crossed, i want to mention this, looks like on a preliminary basis, chinas president xi xinping agreed to a state visit to japan. Why is this important . They have been adversaries since the second world war. When youre having trough trade negotiations with the u. S. , youre pushing china longtime nemesis and adversary. That is a shift in dynamics around global politics. Stuart fascinating. Dow still down 30 points. Got it. At least 11 tourists have died in the Dominican Republic and that is hurting tourism. Jeff flock joins us from chicago. Jeff, can the airlines do anything about this . Reporter ill tell you one airline is. Were at United Airline terminal because the the flight to punta cana. Delta doing that, united is not. Book bookings for june, down 74 . That is big win for other areas you can go to in the caribbean, bahamas, jamaica. Bookings there are way up. We talked to the folks getting on the united flight this morning to punta, and he found a lot of people that were on the flights would not have been on the flight if they could have canceled it. Take a listen. Some people are having second thoughts. Did you have any second thoughts. Yeah. But our trip is nonrefundable. That is how that goes. I am concerned. What im doing is taking measures to make sure im safe. We brought our own alcohol. Why not say the heck with the money . No, i cant. [laughter] 1800, boss. [laughter]. No, heck with this money. Reporter you got that, boo . Should point out, we should point out that the reason they bought their own alcohol is that some people have speculated that perhaps it was alcohol down there that caused a problem. We dont know what is causing these deaths to be clear, stuart. Stuart got it. Thank you very much indeed. See you soon. Jeff flock right there. Second time in a week a florida city paid a ransom to sigher hackers to regain control of their own Computer Systems. Well tell you how much they paid in just a moment. Hmm. Exactly. Liberty mutual customizes your Car Insurance, so you only pay for what you need. Nice. But, uh. Whats up with your. Partner . Not again. Limu thats your reflection. Only pay for what you need. Liberty, liberty, liberty, liberty the latest inisnt just a store. Ty its a save more with a new kind of Wireless Network store. Its a look what your wifi can do now store. A get your questions answered by awesome experts store. Its a now theres one store that connects your life like never before store. The xfinity store is here. And its simple, easy, awesome. Stuart sure looks like the market is waiting for something to happen with the xi xinping, donald trump meeting because were going nowhere. The dow is down 13 points. Thats it. More than 100 bills are in jeopardy in oregon because republican lawmakers remain in hiding. They have been in hiding since last week trying to avoid a vote on Climate Change. Joining us now is bill knopp he is an oregon state senator. He is on the phone with us right now. Senator, youve been out a couple weeks, youve been out for what . How long are you going to stay out . Well, were going to stay out until were convinced that this carbon tax bill is truly dead and there are not the votes to pass it. I know our Leadership Team is in negotiations right now with the governor and democratic leaders. So were prepared to stay out until june 30th, that is necessary in order to make sure the voices of our constituents are heard and respected. Stuart so you object to a carbon tax in your state right, tim . What kind of a carbon tax . Like how much would it cost . How much would it bring in. Well this bill is the most complicated, inefficient expensive way to do it. What it does raises the gas tax by about 22 cents a gallon to start out with. Over a period of years it could go up as high as 3 a gallon additional gas tax. Raises Natural Gas Prices 50 for our constituents who heat their homes with natural gas. And it endangers manufacturing jobs by the thousands. There is a paper mill that makes paper towels up near the astoria area, 2,000, bluecollar union jobs that plant is put that in jeopardy. This is costly for the people of or gone. Stuart i cant imagine the people of oregon want this kind of thing. Im sure they are big into Climate Change but do they want the draconian solution . Not when you are told what it actually does. When you stick with talking points, Clean Energy Jobs bill, people are in favor of it. When you tell them what it does and cost them they have become very opposed to it. If youre so convinced the public wants it, put it to a vote. We have the process in oregon, direct democracy right to the ballot. Stuart tim, today is june the 27th. Are you telling me if you stay out until june the 30th, you kill this thing . Well, for sure we kill it if we do that. There is obviously negotiations going on. We were hoping for a bipartisan, bicameral agreement and, im hopeful that will still happen but, i mean we are getting to the point of no return here. So hopefully that will happen. If not today tomorrow. Well see what happens. Stuart yes, you will. Tim, i know youre hiding in plain sight. Thanks for joining us this morning. We appreciate it. Keep us up to speed. All right. Thank you. Stuart last night democratic president ial candidate Elizabeth Warren again confirmed she wants to kill our private Health Insurance. What are we getting from tonights Democratic Candidates on night two of the debates . Were asking questions of course. Here we go. Is where people first gathered to form the Stock Exchangeee, which brought people together to invest in all the things that move us forward. Every day, invesco combines ideas with technology, data with inspiration, investors with solutions. Because the possibilities of life and investing are greater when we come together. Termites, were on the move. 24 7. Roger. Hey rick, all good . Oh yeah, were good. Were good. Termites never stop trying to get in, we never stop working to keep them out. Terminix. Defenders of home. Stuart im trying to think of the title. Ashley i cant think of it. Stuart dr. Robert. Took me a while. Im usually pretty sharp. I know what it is. But i missed this one. Have you ever heard this one before . Susan no, it is upbeat and that is why i like it. That is all that matters. Stuart dr. Robert can cure everything. Check the big board. Tiny fractional loss. 26,500. Get back to last nights debate. New york city mayor de blasio, senator Elizabeth Warren. Both focused on Health Insurance. Both kill private insurance. Dont want it. We have a joshua, a heavyduty critic of socialism. Welcome back. Good to see you. Thank you very much. Glad to be here, stuart. Stuart describe for me what fullon government care looks like. Tell me. Well it looks, two things to think of. One is very long waits for treatments and some treatments that people cant, if you wait long enough, you dont need the treatment because youre dead. And, and also, terrible problem of how you get innovation. We have seen diseases conquered by tremendous innovations in drugs and treatments. We have diseases that have not been conquered that were hoping that new medical innovations will some day free us from the fear of. And, and that innovation comes largely from the United States and it is largely driven by profits, by research that people undertake for profit. These other systems that are, that are all governmentrun, they try to take the profit out of medicine, they piggyback on the american system to get their innovation. And if we go the way they go, i dont know where it is going to come from. Stuart now in other societies which have tried some form of socialized medicine, whether it is fullon are partial, can you describe what happens to the price of health care, the cost of health care . I would imagine if the government is providing it the cost goes up, to the taxpayers, am i right . Well, yeah, it has to be paid for by taxes. We hear people here like last night talking about medicare for all but two things. Medicare right now is not really solvent going out some years. It is already in trouble about how it is going to be funded. Medicare for all is going involve enormous taxes. The other thing is, that im a senior citizen. Im on medicare. Like almost all other Senior Citizens on medicare i have a private insurance policy to help me pay for the things that medicare doesnt cover. Stuart i think you have answered the question right there. I just get the overall impression, that on all areas the candidates last night and i expect the candidates tonight, will try to make america look more like europe. What do you think . Well, they do or at least, what they imagine europe is but you know they talk about these european models. The favorite ones usually are scandinavia but in scandinavian countries they have a different system than ours but they pay for it. Everybody pays for it. They have taxes across the board, and they are running, all three scandinavian countries last year ran budget surpluses. We have a one trillion dollar deficit now, without adding all the things that the democrats are proposing to add, we can add those things but why dont we be honest with the public, say, all we need to do is raise taxes by a couple trillion dollars and we can give you all these goodies . Stuart nobody wants to say, just a couple trillion, a trillion there, josh, you know what happens, youre talking real money. Joshua, thank you for your commentary. See you soon. Thank you. Stuart there will be a second democrat debate is tonight and our own Kristina Partsinevelos is there waiting for it. Any idea what were going to see tonight . Reporter definitely talk about similar topics, economy, immigration. Where im standing the candidates come to here speak in the past hour or so. Why . There is Massive Media tent right behind me. Much give you a glimpse behind the scenes. No one is live, this is perfect timing. We had Julian Castro come here. He said offcamara to fox next to us, that he didnt sleep at all last night. Beto orourke talked about immigration and breaking up i. C. E. But the building right behind me is where the second debate will be this evening. We have some heavy hitters, even though randomly picked, joe biden, Bernie Sanders, mayor pete, kamala harris, just to name a few. Joe biden this is not the first rodeo. Is 76 years old, done the debating scene. Expect sparring to go on between him and Bernie Sanders. For them to focus on medicare for all, immigration, economy. So the big question, stu, i know a lot of our viewers want to know, how are they boeing to pay for it all . Well see 9 00 p. M. Eastern time. Here in downtown miami. Back to you guys. Stuart i do not expect an answer to that question but i will listen for it carefully. Reporter maybe. Stuart kristina, thank you very much indeed. The boeing Company Facing more problems, yeah more questions with the max jets. United says it is pulling those jets until at least september the 3rd. Anything more on this, susan . Susan southwest has delay until october. Think of cancellations, and thousands of Flights Canceled over the busy Summer Holiday travel period a new Software Problem they found in the 737 max. It didnt go back to the mcas, the system that was involved in the fatal crashes of Ethiopian Airline and the lyon air crash. This goes back to a problem in the software that was original to the aircraft. They may have to change out the chip in 500 of the 737 max jets that have already been delivered. So again, this is just mounting problems that were seeing in this jet. There are questions about whether or not it will ever fly again. We saw that lawsuit by 400 global 737 max pilots, claiming, first of all lost wages. They dont know if they ever get back into the skies. For inherent danger they say boeing put them in, knowing there was problems with the software system. Stuart that company could never allow the max jet not to fly again. They could not do that. From economical perspective and ashley all their eggs are in that wasket. Stuart theyre all in that that was. They could not withdraw it completely. They have to find a fix at some cost. I would imagine that. Susan jets have safety concerns continue to fly in the skies decades afterwards. For instance the Mcdonnell Douglas dc10. That was the same case for them as well. Stuart stock taking a hit, down to 367, 366 now. 8 lower. That is a dow stock. That is hurting the dow industrials. That is taken 70 point off the dow industrials. We have yet another florida town that shelled out half Million Dollars to attacks after ransomware attack. Ashley half million just now, added to money already paid out, up to 1. 1 million. This bugs gets into the system. Shuts it all down. Locked out of emails. Shuts down the Payment System to the city services. The council there voted to just pay the ransom and get their system back. So it is a 1. 1 million now. Most of that by the way covered by insurance. 10,000 though will be billed to taxpayers. Just the other week, another community, riviera beach, a coastal suburb, paid 600,000 to hackers to get their Computer System back. Just, look at cities been affected. Baltimore, atlanta, california, North Carolina, ohio, among other places. The bottom line is, they cant get their computers back. So they are dolling up the money. In recent years hospitals have been hacked and, im not quite sure what the solution is here, because it is almost impossible to track down who is behind it. Stuart the ransom is paid in bitcoin. Ashley yes. 42 bitcoin was for lake city, florida. Susan goes back to why people buy bitcoin. It is not traceable. Independent of any government or policy. Stuart right. Susan if you want something libertarian or free this is it. Ashley a town in alaska got hit, they reverted to using typewriters. Without computers. Paper and pencil. Stuart big deal. Get hit like that . Lord. Another story for you on facebook. Mark zuckerberg says the company is evaluating how it should handle deep fake videos. Susan he was asked about this at the asidea videos, about nancy pelosi, viral doctored video basically went around the world. Wasnt taken down quick enough. Even nancy pelosi house speaker, criticized facebook, saying you should have taken it down earlier. Mark zuckerberg said it was execution mistake, they should have taken it down earlier. He put the onus back on government. He doesnt think deep fakes, this is different from traditional misinformation. They are not the same. How do you define what is censorship, what content to you leave on social media site itself. The onus back on the government. You define what hate speech, this misinformation is. Stuart what have we got here . Okay. I want to give you the breaking news on the Supreme Court and the census question. Hold on a second. I got this. There has been a decision by the Supreme Court on census question. It is complicated, bottom line is this, they sent it back to a lower court, they asked for more information, a greater explanation, from the department of justice. Ashley yeah. Stuart i dont know how to describe that in any other way but it is not a cleancut decision as to whether that question is in or out of the census. Going back to a lower court, they want more information. That is a complicated situation. Is Hillary Vaughn with us . Reporter yes. Stuart i didnt realize you were waiting for me. It seems to be complicated. But the bottom line which dont know at this point whether the question is in or out of the census, is that accurate . Reporter that is exactly right. I do want to point out in the closing part of the opinion from Justice Thomas he did say the secretarys decision to reinstate a Citizenship Question on the 2020 census was legally sound and reasoned exercise of its broad discretion, but that does not mean they are saying go ahead and put it, include it in the 2020 census. What this means now, theyre tossing is back down. They want more information. Part of the issue here is a lot of arguments made from the opposition that did not want this Citizenship Question included was they said that there are political motives behind including this. According to what it says in this opinion, it says they need to get more information to ultimately decide whether or not that is the case. Im reading a portion of this. It says, that there is a mismatch between the secretarys decision and the rationale he provided to include the Citizenship Question. Of course opponents of this have argued that by restricting the number of people that are essentially counted up in the census, you are alienating a lot of immigrant communities, a lot of latino populations. The reason why that is important because the census decides, how much 600 billion in federal fund are allocated across the country. So the argument here, the fewer people counted in these Community Means they get less federal fund but they also get less representation with congressional districts. So there is no clearcut answer here but i do think it is interesting that they did say that commerce secretary wilbur ross does have the legal right to include the Citizenship Question but they are refraining from doing that, but they need to essentially answer the open questions of what are the political motives behind this . Because they said it could be a slippery slope if you do allow executives to make these actions that do have political motives behind it. It is important for the court to figure out what that is. No clearcut answer here today. The future of the Citizenship Question is still up in the air. Stuart. Stuart wellexplained, hillary. Thank you very much indeed. We have Alan Dershowitz on the phone . Alan, i am sorry. I didnt realize you were on the phone. Is this a win or loss for the trump administration, sir . First of all the gerrymandering decision is 100 times more important than the census decision. The gerrymandering decision is a big loss for democrats and a big gain for republicans. The Supreme Court said 54 they will not interfere with partisan political gerrymandering. That is the headline of the day. The second decision may very well mean that the census question doesnt appear in the 2020 census. There may not be enough time. The Department Says they needed the answer by july 1st. They will not have the answer by july 1st, because the case has been remanded back to the trial court. And i suspect the trial court will have to take considerable evidence. Since the case was argued, evidence has emerged that suggests that the reason that was given for putting the census information on in order to help voting right was not the real reason. Was that the real reason was to discourage people of latina background from answering the census question. That is speculative to be sure. I would not say this was a victory for the trump administration. I think the gerrymandering decision was a major victory for republicans over democrats. I think a loss for the nonpartisan image of the Supreme Court. When you get a five4 decision by five republican appointed justices helping the Republican Party and four dissent by democrats, that doesnt help to show nonpartisan Supreme Court. Stuart professor, we value your opinion on the constitution and the Supreme Court. So let me ask you, do you think that a question on citizenship should be on the 2020 census . I do not. I think that. 24 there is a risk that it could deter people. It is important question in terms of voting rights. I think that the District Court hearings will show a very partisan, political motive behind this. I think whats happening is theyre splitting the decision a little bit. The big decision goes to republicans today. Big decision, nonpartisanship, booted back Supreme Court is probably too late for including this question, on the 2020 census. Stuart professor dershowitz, thanks for coming on the show at the very last second there. We really do appreciate your expertise. Thank you. Stuart come on in, please, jamil jeffer, former law clerk for neil gorsuch, assistant professor at Georgia State university. We heard from professor dershowitz, terrible, look, gerrymandering decision is a win for republicans and a loss for democrats and the decision on the census question means that the question will not be on the 2020 census because there isnt time to get it on the thing. Would you agree with both those opinions from professor dershowitz . I would completely disagree with professor dershowitz on the first question and i agree on the second. On the first question, this is not about republicans and democrats who gets the win here. It is about the law. The question here in this case was, can the Supreme Court have judiciary manageable standards whether partisan gerrymander something gone too far or appropriate . What the court decided we dont have good methods for judges to make the decisions. Politicians and voters make the decision whether partisan gerrymandering go too far. In various states they changed law, redistricting commissions. This idea professor dershowitz this is win for republicans and democrats, this is goes at heart of the what is wrong with the Supreme Court. This is about the law and lawlessness. That was a law appropriately scope decision, folks on the constitution, focus on constitutional role of judges. Stuart as a practical matter, the question on the census, the question about citizenship will not be on the census because there isnt time to get it on, because the Supreme Court pushed it back to a lower court. So that question is not going to appear on the census, is isnt. I think that is likely right, stuart. That is a real problem, because what is odd about the decision by Supreme Court they said the secretary has a right to include a Citizenship Question. His rationale he gave was a valid rationale. When however they looked at it maybe the secretary was not telling the truth. They looked behind his stated decision. So there might be some pretext here. This is the First Time Ever Justice Thomas points out in dissent with Justice Gorsuch and kavanaugh, this is the First Time Ever the Supreme Court said pretext is basis for sending Something Back we wont accept otherwise valid decision. That is shocking grab of judicial power by majority. It will likely result in the question not being on the census. A question has been on in some form or another in 200 years. Stuart am i right in saying Justice Thomas did say there is legal base to put that question in the census . He did say that correct . He did. Majority agrees. That is shocking about the decision. Is that the Court Unanimously agrees that it is okay to put Citizenship Question on. The secretary had a valid rationale. The only question should you look behind the valid rationale, maybe something in his heart of hearts is different. What the court said they need to do, sent it back for evidence on that question. Stuart one real fast question. Are we expecting any other major decisions to come down today or have we exhausted all of them . These are the big ones people focused on. This is done for the term. Supreme court goes off for summer recess. Stuart i believe two smaller level decisions still to come. Okay. Thank you very much for joining us this morning. Short notice. Always appreciated. Thank you very much. Thank you, stuart. Stuart now this, yesterday President Trump addressed the faith and freedom coalition. With him was a cancer survivor who praised him for passing the right to try experimental drug law. She said it saved her life. That lady on our show next. Truecar is great for finding new cars. Youre smart, you already knew that. But its also great for finding the perfect used car. Youll see what a fair price is and you can connect with a truecar certified dealer. Now youre even smarter. This is truecar. Stuart a young woman who has been battling stage two cancer for most of her life said the right to try law has been helping her in her battle and she praised President Trump. Watch this. Because of right right to tra medicine that wouldnt have been approved for years but it was very, very, it is looking good. It was looking very good. Now it is looking a lot better, natalie, i have to tell you. I dont know what that was, but that sucker worked. My good samaritan, president donald j. Trump he saw me there and he didnt walk by. He stopped and for every single one of us, he gave up his own quality of life, so we could live and work and fight with dignity. Stuart all right. Put her on the screen now. Natalie harp is with us. Natalie, that was powerful stuff. We thank you very much for being on the show today. Thank you, stuart. Stuart can you just go through how the right to try law helped you specifically. Yes. Absolutely. Well i was a victim of medical error several years ago and its a miracle that i didnt join the 250,000 americans that die he have year under the Obama Administration from that medical errors. Instead of joined the 40 times that number that actually are survivors of medical error. But i developed stage 2 cancer. When i started going through treatments i failed two different chemotherapies on the market. And i was told by my doctors, you know what, you will have to wait. They sent me a pain clinic, informed me of my rights how to die. Gave me access to opioids, medical irmarijuana barbiturates. I dont want to wait. I want to get better now. President trump signed the right to try. That gave fighters like me to fight for our lives on experimental treatments and actually get back the quality of life. Stuart you got an experimental treatment because of right to try, you got it . Yes. I mean President Trump is empowering pairs like no other president has ever done before. It was so great to be there, yesterday. Stuart i can tell. People of faith know, President Trump especially were not defined by disabilities but rather godgiven abilities. Stuart i have a short time left. What is the status now. You took the drug, what is your status now. Im still fighting cancer but not dying from it anymore. Stuart, that is really a miracle. The odds were definitely against me but President Trump showed me, you know what . You dont have to listen to the odds. You can fight them and beat them. Thanks to him im here and living healthy life, back how i was before cancer, pretty much. Stuart natalie, you are just great, with energy like that, im glad youre on the show. Great to see you yesterday with the president. Thank you so much, stuart. I appreciate it. Stuart come see us again soon. Thank you very much. Thank you, stuart. Stuart more varney after this, promise. That move us forward. Every day, invesco combines ideas with technology, data with inspiration, investors with solutions. Because the possibilities of life and investing are greater when we come together. Who used expedia to book the Vacation Rental that led to the ride which took them to the place where they discovered that sometimes a little down time can lift you right up. Flights, hotels, cars, activities, Vacation Rentals. Expedia. Everything you need to go. Stuart my apologies. Senator sanders, you have really got this wrong. He has written an editorial in todays wall street journal. I guess he wants to appeal directly to capitalists. He says President Trump is the worst kind of socialist, that hes a corporate socialist who uses the power of government and the money of taxpayers to enrich himself and the rest of the billionaire class, as he puts it. Even in print, his venom and plain nastiness comes through, doesnt it . Lets take a look at some of the claims that he makes. Okay. He says wall street was bailed out in the crash with 700 billion from the treasury and trillions from the federal reserve. Hes angry about that. But what he fails to point out is that the banks repaid all the money with interest. Nor does he admit that the 800 billion Stimulus Program was a waste and weve got very little to show for all that money. He claims the fossil fuel industry is destroying the planet, helped by billions in government subsidies and thats wrong. Exxon doesnt get checks from the government. It pays billions in tax. He rails against high electric bills but fails to point out that its green energy mandates that hurt consumers the most. Drug companies, he says, make huge profits on medicines that were developed with taxpayer funded research. Thats a little off. The companies themselves shell out bigtime and you need profit for future development. He hates amazon which he calls a monopoly. He hates walmart which he says pays starvation wages. He wants to end it all, bring in socialism, the right to health care, the right to a living wage, a decent job, a quality education, a secure retirement, Affordable Housing and a clean environment. Cancel student debt, bring on the green new deal. Unfortunately, nowhere in his oped is there a single word about paying for it all. I cant resist it. At the wonderful Margaret Thatcher said, the trouble with socialism, sooner or later you run out of other peoples money. The third hour of Varney Company is about to begin. Stuart 11 02 in new york city. I will get reaction to my editorial in a moment. First, check the big board. Its got kind of a gonowhere thursday. I think everybody is waiting for the trade deal, actually, if there is one. We are down 20 points on the dow industrials and thats where we have been for awhile. Look at boeing. That is a dow stock. Thats a real drag on the dow. Takes about 70 or 80 points off it. They found another issue with the max jet. This is separate from the faulty sensor that caused a global grounding. Boeing says they are working on a fix. The stock down another 2. 5 , 9 lower. Back to my editorial. Bernie sanders calling President Trump the worst kind of socialist in a new oped in the wall street journal. Look whos here. The man himself, i think president ial medal of freedom, i think, you got just a couple weeks ago. Congratulations, young man. Thank you very much, stuart. Stuart why dont you poke a few holes in this President Trump is a corporate socialist or whatever bernie says. Go ahead. Have at it. I thought your monologue was great. I thought it was right on the point. In fact, much better than i could have produced. Im not going to poke any holes in what you say. The one thing i would like to say, though, is that not only did the bailouts and all that stuff that was done during 2008 great recession, they caused the great recession. They made it longer and worse than it ever would have been, just like the great depression. Whenever we have had financial conflicts before, crises before, and the government didnt get involved, they were over quickly because things cleared out and changed ownership and everything went but as i wrote in the wall street journal back then, the big mistake was Government Intervention and the bailout stuff and all of the stimulus spending. That really caused it. Government spending is taxation, stuart. That is the real cause. Stuart i remember you telling us not too long ago that back in the 90s you voted for bill clinton. I put it to you that the party today is radically different from the party that you voted for in the 90s. Right . Totally true. Bill clinton was a great president , honestly. I voted for him twice. The only reason i didnt vote for him more is im not a democrat. He did a great job. He got rid of the retirement test on social security. He cut Government Spending as a share of gdp by almost four percentage points. He got rid of all these other regulations, restrictions and requirements that were just wonderful. He cut the Capital Gains tax rate to zero on Owner Occupied homes. He was great. Now, you have to also say for sure that it was his partnership with Newt Gingrich that really did that, so its the two of them together as a team, but what a team it was and it led to a beautiful, wonderful economy. I just wish any democrat were half as good as clinton was. Theres not one of them up there thats worth anything. Stuart ah, the good old clinton days. Okay. Next case. The president they were great, werent they . Stuart okay. Okay. The president has arrived in japan. Hes going to meet with xi jinping, a summit on saturday. Of course they are going to be talking trade. Thats the big deal. You think this is going to end, i just want to know what happens on the stock market on monday morning if, on saturday after the meeting, we get just a handshake and a smile . Is that enough to put the market up monday morning . What do you think . Well, we have been going through these bobbles and wiggles throughout this whole process of negotiation between the u. S. And china but let me just say, i believe theres going to be a chinese deal. I made a dollar bet with bob woodward it would be within six months. I made another dollar bet with him it would be within 12 months. Both of us thought it through very carefully. When that deal happens, i believe you are going to get a 4,000 to 6,000 point on the dow. It will be the biggest thing Going Forward because theres nothing that will create prosperity in the u. S. And china for a great deal that benefits both countries. We need china desperately and boy, they need us desperately. A good trade deal will cause enormous expansion in the u. S. Economy and in the stock market. Stuart why cant you be a guest every day. Art laffer, thank you very much indeed. Good stuff. You know, the house and the senate both passed different border aid packages. They havent got an agreement yet. Congress is going to leave washington tomorrow for the july 4th recess. Senator Shelley Moore capito joins us now. Madam senator, are you going to stay and get this done no matter what . I think we should stay and get this done. We have a huge humanitarian crisis. The Senate Passed a broadly accepted bipartisan bill, over 80 votes, last night and the house continues to keep pushing more partisan bills that just are nonstarters in the senate. We could wrap this up by today if we could just have common sense. Stuart i know we should. I know we need to. We made that case many times on the show. But weve had senator scott on the show this morning and senator barrasso yesterday. Both of them said they aint leaving until theyve got this done on the border. Will you make that commitment . Oh, absolutely i will make that commitment. Im not going to leave until we meet the demands of this humanitarian crisis. The president has asked us to move forward with the senate bill. Hopefully we can work that out today. We wont leave before we do this. Stuart it was pretty crazy at the debate last night when we had some of the candidates say open the borders, get rid of any border control. I found that incredible with whats going on right now. Incredible. What kind of signal does that send to countries and to people south of the border particularly or anywhere in the world, where were just going to open our borders and you know, not have any detention, not have legal ramifications of entering as illegal. Its just mindboggling. Open borders is a nonstarter with the American Public and obviously they are not listening. Stuart im sure you were hoping they stick with that open borders line all the way through until november 2020. I think its a winner for you. Its a winner. I think people respect the law. People respect fairness. People also understand from a humanitarian aspect if youre having political issues or are in danger, seeking asylum, but the way theyre approaching it, it is way over the top and youre right, its a good political issue because the American Public believe in following the law. Stuart i think so. Senator Shelley Moore capito, West Virginia republican, thanks very much for being with us this morning. Appreciate it. Thank you. Stuart Mortgage Rates, down again. The 30year fixed, 3. 73 . 3. 73. Thats historically pretty low. More and more people rent lot of people who rent say they will never buy. Ashley yeah. Stuart why . I dont get that. We are on the story. We will probe, shall we say. Disneys star wars theme park just open to the public but they are having problems with theft. Ouch. We will tell you whats going on. Few interesting moments from the debate last night. Three of the democrats started to speak spanish to the crowd. Does that play well with latino voters . We will find out. Stuart the market is dead flat, ever so slightly lower. The dow is off nine points. Modest gain for the nasdaq, but the dow is down a fraction. Price of oil, 59 per barrel. Price of gasoline, average at the pump nationwide, 2. 69. For four straight days, we have gone up and we could go up some more because if they close down that philly refinery for good, you watch gas prices go up more. We shall see. Next, should have seen this coming. Tourism to the Dominican Republic taking a big hit after 11 deaths in just a few months. Tell us how big the hit is. Ashley bookings let me just give you the numbers. 74. 3 drop for bookings in july and august. The number of cancellations between june 1st and june 19th was terrible p. R. For the country indeed. Cancellations up 51 . On the other side of it, where are people going if they cancel their trip, if they are able to cancel their trip. They are going to jamaica, to aruba and the bahamas, all of which have seen a nice increase in tourism. People just deciding not to go to the Dominican Republic. Although we saw some earlier today who were at the airport talking to jeff flock saying look, i have paid it, its nonrefundable, im going to take my own booze, im going. Stuart whats wrong with Fort Lauderdale or miami or miami beach or jupiter . Ashley its up to where people want to go. Stuart okay. Okay. Stay in the United States. Wonderful place. Travel websites, pull them up, why not. Trip adviser up, they take a piece out of my hotel business. Lets not get nasty. Back to last nights debate. The 2020 democrats taking a hard line, far left stance certainly on the border issue. Some want it completely open. Sounds to me like theyre trying to court the hispanic vote, maybe. Some of them spoke spanish on the stage last night. Watch this. [ speaking in spanish ] Stuart Daniel garza is with us, the man on the righthand side of the screen. Frequent and great guest on the show. Daniel, do you think that speaking spanish in a debate will win over spanish voters . Hispanic voters . Only it depends on what you say in spanish. Both candidates actually dodged the question they were asked to speak platitudes in spanish. Look, you are able to throw out a couple words in spanish but its a little bit of style over substance. Stuart you think its now a requirement of a democrat president ial candidate that they speak a little spanish . I dont think so. Jeb bush, marco rubio, even ted cruz spoke spanish in their primaries and didnt do too well. Stuart let me be blunt about it. Is it pandering to the hispanic vote to speak in spanish . Im losing you. Stuart im going to ask the question again. Im going to be blunt again. Is it pandering to the hispanic vote to speak in spanish . So you know, i think it connects. I think its a way, its a strategy, its a tactic that someone can use to make that connection and in a very real way, i think it also people appreciate that youre trying. But at the same time, it is more about substance. What are the policies that are going to unleash opportunity, create jobs. What are you doing actually to strengthen our Health Care System in the private sector. And what are you doing to preserve free speech and individual liberty. Thats what matters to latinos, not so much that stuart well, does open borders, if you have an open border policy, does that appeal to hispanics . Thats exactly right. It is exactly about the policies. That was my concern. Even like on immigration, the whole time they were talking about these promises they were going to make on executive actions on immigration, but nobody ever talked about what they were going to do to reach out to the other side, to the other party, to reach a consensus. Thats what it takes. Its not so much the promises youre making. Remember, a president can only execute law. He doesnt make law. Congress does. You have to work with congress to make sure thats whats happening. Thats what latinos want to know. What are you doing to actually show a bipartisan spirit on immigration. Stuart in the 2016 election, President Trump got 28 of the hispanic vote. Thats according to the figures we have seen. Do you think he will get more or less than that percentage in 2020 . Its interesting, i really think he is better positioned now with the Latino Community for a lot of reasons. He has an amazing amount of resources this time. I think hes better prepared. He has more time to launch his campaign. At the same time he now has a governing record and its been, of course, the booming economy has really enthused latinos. Theres a lot of energy in the trump campaign. So hes a Formidable Force that democrats have to consider and you know, from what i have seen last night, i dont think we are seeing the kind of candidate that can take on what the president s campaign has to offer at this point. Hes far and away ahead of everybody. I think latinos are going to respond. Now, things change, of course, in the course of a campaign and latinos change with it. It remains to be seen how well he does. Stuart daniel garza, thanks for joining us. See you again soon. Its not over yet, folks. Ten more democrat candidates face off tonight, round two. Bernie, biden, harris, mayor pete, all on stage. We will get a preview from bret baier, the great moderator, live from miami shortly. Nasa says yeah, they discovered an asteroid with a massive amount of gold and other precious metals. Get this. If they can figure out how to mine this thing, it could be worth hundreds of quadrillions of dollars. Thats a thousand trillion. If they can get it. Well be back. Is where people first gathered to form the Stock Exchangeee, which brought people together to invest in all the things that move us forward. Every day, invesco combines ideas with technology, data with inspiration, investors with solutions. Because the possibilities of life and investing are greater when we come together. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. Beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. Take your business beyond. Mmm, exactly ug Liberty Mutual customizes your Car Insurance, so you only pay for what you need. Nice but uh, whats up with your partner . Oh we just spend all day telling everyone how we customize Car Insurance because no two people are alike, so. Limu gets a little confused when he sees another bird that looks exactly like him. Ya. Hell figure it out. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. Beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. Take your business beyond. Stuart we have been talking about disneys new star wars theme park. It is so popular, but guests are stealing stuff from it and selling them on ebay. Things like restaurant menus, drink coasters, sporks going for as much as 40 each. Stealing the stuff. If actual space is more your thing, look at this. Buzz aldrins flight manual may sell for 9 million at auction. It will be shown in museums across the country until july 18th. Thats the 50th anniversary of the mission, where it will be sold. Its sold to the highest bidder. Maybe 9 million worth. Nasas discovered an asteroid, well, okay, who cares . Well, listen to this, this thing is practically made of gold. Right from the getgo, how much is it worth. Liz its worth about 12,000quadrillion. So this has iron, gold, platinum. You can imagine many countries around the world want their hands on it. Its out by mars and jupiter. Your producer was saying it could help pay for Bernie Sanders medicare for all. Ashley green new deal. Liz this is the holy grail of space exploration. Gold mining. Theres a uk Company Called asteroid mining company, they want to get their hands on it. Lot of people want to get their hands on this thing. Stuart if you did get your hands on all that gold, it would crash the price of gold. Who would want it . Liz it would mean 1 trillion per person for everybody on this planet if you got your hands on this. Ashley have to get this thing. Stuart i assume were not going to get this to earth any time soon. Okay. First politicians on the left said there was no crisis at the border. They are changing their tune a little. They say it is a crisis. Of course, they blame it on President Trump. More on that in a moment. Facebooks libra digital currency, very cool idea but if you use it, could give facebook a lot more access to your very private personal Financial Information, who your friends are, what you spend your money on. Can we trust big tech with that data . We will get into that, too, after this. indistinguishable muttering that was awful. Why are you so good at this . Had a coach in high school. Really helped me up my game. I had a coach. Math. Ooh. So, why dont traders have coaches . Who says they dont . Coach mcadoo you know, at td ameritrade, we offer free access to coaches and a full education curriculum just to help you improve your skills. Boom mad skills. Education to take your trading to the next level. Only with td ameritrade. Stuart a little slippage for stock prices. 26,485. To the border. Remember when the democrats and Mainstream Media claimed there was no crisis down there . Maybe this will jog their memory. Your memory. Roll tape. You cant see through these slats to the other side of the u. S. mexico border but as were walking along here, were not seeing any kind of imminent danger. This border emergency is nothing more than a manufactured crisis. President trump must stop holding the American People hostage, must stop manufacturing a crisis. The big scam of the whole address is that theres a crisis. Theres not a crisis. Stuart okay. It was a fake manufactured crisis but then a switch was flipped and all of a sudden, the crisis was real and, wait for it, its trumps fault. Roll tape. This president just used the backdrop of the oval office to manufacture a crisis, stoke fear and divert attention from the turmoil in his administration. Stuart im trying to get our guest not to laugh. Tommi laren is with us, author of never play dead that comes out july 2nd. Thats pretty soon. Okay, speculate for me. What made the democrats change their mind . Again, they dont seem to care about americans and they dont seem to care about American Cities being overrun but as soon as it starts to impact Illegal Immigrants, thats when they consider it a crisis. But its a crisis that is not manufactured but it is created in large part by the democrats who continue to issue incentives for people to come to this country illegally to make that journey which is very dangerous and now they care. Its their fault. Stuart last night, Julian Castro went right out there and said decriminalize border crossing. In other words, theres no sanction of any kind, no inspection, not even a ticket fortre trespassing. I cant believe they will go to the country with that as their policy. They would say we are for open borders, it wouldnt be palatable to most americans but they couch it in this decriminalize, pathway to citizenship, they use all the buzz words but wont say we want open borders. What i wish they would have asked them last night is we have 11 to 22 million Illegal Immigrants in this country now and surveys show there are about 160 million adults that want to come to this country. How many more can we take. With all these fancy entitlement programs they talked about last night, how are we going to fund those for 11 to 22 million and then the other 160 Million People they want to let in. Stuart do you know that last night, none of the moderators asked a single question to any of the candidates, how you going to pay for all of this, whether its free college or Free Health Care or free money or green new deal, whatever. There was not a single question how do you pay for it. Because they always pass it off on to somebody else. Its the government is going to pay for it. The companies are going to pay for it. Corporate america is going to pay for it. Tax on the rich, they are going to pay for it. They like to transfer all the burden on to these faceless, nameless things and what people dont realize is that first of all, the government is the taxpayer and these corporations and companies they are demonizing, they are hiring people. They are hiring americans. So do you want them to go broke . Do you want them to not have a dollar . It seems to be what especially Elizabeth Warren wanted last night. Stuart what was your reaction when you watched last night, when you were looking at the policy proposals and all that they were saying, what was your first reaction . A lot of free things like you said and not a way to pay for them. But again stuart im thinking you might have said wait a minute, theyre not viable candidates. None of these people can beat President Trump. Thats what i thought. Before last night i already knew that to be true. Last night just confirmed it. I think the pandering olympics is also pretty fun. One of them broke out in spanish, then the rest had to break out in spanish. The ones that didnt speak spanish, you could see them getting very nervous and tense because they now have to learn spanish very quickly for the next debate. Whoever is coming up tonight, they better learn spanish. Stuart they will all attack joe biden tonight. They will have to. Heres the thing about joe biden. Hes running on the economy. Hes always been a man for the working man, the unions. How do you run on that when President Donald Trump is doing so great for the working man, the forgotten americans and the economy. How do you run on that. You run on your record by being Barack Obamas sidekick. Thats it. Stuart its a problem. How do you campaign against prosperity. How do you say im going to kill this prosperity no matter what. How do you do that . He already says he wants to get rid of the tax cuts but everything i think we will see from joe biden tonight, he will try to appear to be the moderate and they will eat him up for it. Stuart you know, i think you are just having too much fun. I really do. You are just enjoying yourself and everybody else at my expense. I didnt think anything would be more fun than the 2016 election. I think the 2020 election will be even more fun, especially for us trump supporters. Stuart this lady right here on the fox nation, two shows, first thoughts and no interruption. I got a show, too. Called my take. Did you know that . I did. Fox nation friend over here. Love it. Stuart thanks very much. Great stuff. Appreciate it. I want to get back to the president s interview yesterday on mornings with maria. He pulled no punches when asked about big techs bias against republicans. Roll tape. These people are all democrats. Its totally biased toward democrats. If i announce tomorrow that im going to become a nice liberal democrat, i would pick up five times more i was picking up 100,000 followers every few days. And all of a sudden, and im much hotter now than i was a number of months ago, okay. A number of months ago. Then all of a sudden it stopped. Stuart all of a sudden it stopped. Matthew taylor is with us, director of the creepy line. Thats a movie about the power of big tech and their intrusion into our everyday lives. Matthew, obvious question, do you agree with the president on bias against republicans . Look, for the longest time, i wanted to say hey, like maybe these companies are going to be fair with some facts but it seems that as they execute these people online, they knock out peoples accounts, youtube takes people down, even reddit just banned the entire trump group, they are biased towards republicans. Stuart reddit said yeah, there was a large group of 700 i believe 750,000 people and they basically stopped them from being able to communicate. So we are seeing this whether its the james okeefe video taken down from youtube for some, you know, obscure reason. Look, if its about privacy or i. P. , you have to take all of youtube down because its all material thats been put on youtube that they dont own. Stuart like you, ive got a real problem with a small group of multi billionaires deciding what i can see and read and say on these platforms. Liz they always blame it on the algorithms when they can rejigger the algorithm, right . Stuart get real. I want to ask you about the facebook. They are going to introduce the libra currency, a crypto, and they are going to put it on their platform, 2. 5 billion people. Why does that worry you . Look, i think that Monetary Policy and money is about trust. Facebook is currently the most untrustworthy company probably ever. The thing is that the decentralization of crypto currency and all these things is whats supposed to make it trustworthy. Of course its volatile because its not pinned to anything. They have rejiggered the system to the point where some people debate it may not even be a crypto currency. It is pinned to some assets controlled by facebook. Its on a ledger that is built by facebook. Its shared among right now their 27 partners. So if a company can see your Bank Transactions and get your data and credit score, they can sit there and offer you a different price than me. Right now, thats firewalled. Right now they have to guess like any other business. I think it gives facebook an incredible amount of power. There are 350 million users of the dollar versus 2. 7 billion users of libra. In concept, its neat. Stuart are you worried about the Financial Information which you would have in the libra . Do you trust you obviously dont trust facebook. No. I dont trust facebook to do anything at all. I dont trust them to send a message. Look at whatsapp. They want to put ads in what whatsapp. Thats not encrypted. Thats the whole reason to use that platform. Its a security issue and the fact of the matter is that again, if they unify the money, of course everybody, google, amazon, apple will want to do their own crypto currencies and then you will have a complete monopoly among all these tiny, Tiny Companies over all the money in the world. Think of africa. Everybody uses cell phones to do banking. If you take your money, convert it into libra, libra goes into the system, facebook has control over all those users and what can a central bank do . What can the government do . Stuart we really should talk to more movie directors like you. You spelled it out. I understand it. The creepy line. A movie directed by matthew taylor. Thank you. Lets take a look at amazon. Generally down day but i think the stock is probably up. Its usually up. 1901. Their prime day becoming prime days, plural, this year, july 15th and 16th. They are offering a million deals and thats pushing other companies to follow suit. Liz cultural sensation now. Target, ebay, walmart. This is like black friday in july. Where you spend a lot of money buying things you dont need basically like a shoehorn. Did you know amazon has for sale five 2 for 12. 99 at one point . Anyway, so target is doing it. Target is at the same time, july 15th and 16th. Walmart is really trying to beat amazon. Theirs starts a day earlier and lasts a day longer. Then he got ebay. Stuart black friday in the middle of summer, thats what it is. Bigger, too. Got it. Thanks. More on the big debate that comes up tonight. I want to know how actually referring to last night, how did the moderators do . Did they do enough to challenge the candidates . We have the perfect guest to answer those questions. The supreme moderator, bret baier. Hes next. Hey, who are you . Oh, hey jeff, im a car thief. What . im here to steal your car because, well, thats my job. What . What . . What . laughing what . . What . what . [crash] what . haha, it happens. And if youve got cutrate Car Insurance, paying for this could feel like getting robbed twice. So get allstate. And be better protected from mayhem. Like me. Pleasson. Your hearts notthing strong enough. My heart is as strong as any. Uncover your family history, from over 10 billion historical records. Get started for free at ancestry. Com stuart we have the first round of the democrat debates last night. Nbc was rather plagued by some technical issues. I thought the moderators were frankly lackluster. Thats quite a comment for me to make. Why dont we bring in probably the best moderator on the planet at this moment, his name is bret baier. Hes the host of special report. Hes doing his best not to respond to my comment about him being the best moderator on the planet. But look, i know you are a diplomat. I know this. I would have asked at least one question about whos going to pay for all this free stuff. I would have challenged a little bit more. Would you . Yeah, i think i would have done the same. I think there were a couple of efforts along those lines. Savannah guthrie tried a couple times. She redirected, so i give her credit. Other moderators attempted to get answers. The biggest thing about asking debate questions is trying to get it to where the candidate doesnt have an offramp, that he or she actually has to answer the question you actually asked. It takes a lot of honing down and kind of whittling down to a pointed question, then following up if you dont get an answer. So i agree, there could have been more pointed questions, maybe there will be tonight. Well see. Stuart my impression watching the whole thing was that the partys moving almost in lockstep leftward which sets up tonight because i dont think joe biden wants to move that far left. So he may be on the defense tonight and under sharp attack. What do you think . I think so. I will say that he won the night last night. We received a preemail from the biden folks saying all of these rebuttals to attacks they thought were coming, literally listed all of these attacks that they thought were coming on the stage last night. Not one of them did. He wasnt mentioned once last night. Now, i think he may come under fire tonight. I do think that john delaney had a big moment in pushing back against bill de blasio on Free Health Care, medicare for all. But its a narrow lane in the democratic party, that centrist side. Biden, delaney, klobuchar, maybe, and Michael Bennet from colorado. Stuart tonight you have some of the principal challengers to joe biden. Biden himself, Bernie Sanders, kamala harris, mayor pete. Theyre in the mix tonight. Theyre the frontrunners. Arent they going to try to Say Something that makes them stand out, something very controversial so that they are noticed . Thats what theyre looking for, right . Yes, 100 . The viral moment is what theyre looking for so that they can play it again and again and again. I think you are going to hear more about President Trump tonight. They kind of laid off him last night, only about 19 minutes of the two hours dealt specifically with President Trump. I would venture a guess that he gets mentioned a lot more. As for nbc, the place is beautiful, the set is beautiful, the sound that was tough. I felt for them. Tough, live tv happens. I would point out it hasnt happened in the late eight primary debates that weve done but it does happen. Stuart you know, you should try doing a single anchor, live, threehour show like Varney Company because things go wrong all the time. Roll with the punches. Stuart my feeling is just smile, no matter what. You smile your way through. I try not to lose my temper. I try to smile. I emulate you, bret baier. I do. There you go. Thats good. Thats all you got to do. Stuart the interview is over. I know you will be watching tonight. So will i. We hope to see you again soon. Bret baier. Thank you. Where is the big board taking us . Stock prices down but not much. The dow is down 30 odd points. I think the nasdaq, the nasdaq is up 31. Nice gain for tech stocks this morning. Oil is at 59 a barrel and gold is up, too. Okay. New survey from freddie mac. Only one quarter of renters say they are extremely likely ever to buy a home. Only a quarter say. Thats a big drop from last year. Why . With Mortgage Rates at historic lows, why arent more people getting to home buying . We will deal with that question after this. Is where people first gathered to form the Stock Exchangeee, which brought people together to invest in all the things that move us forward. Every day, invesco combines ideas with technology, data with inspiration, investors with solutions. Because the possibilities of life and investing are greater when we come together. 4 out of 5 people who have a stroke, their first symptom. Is a stroke. 80 percent of all strokes and Heart Disease . Preventable. And 149 dollars is all it takes to get screened and help take control of your health. Were life line screening. And if youre over 50. Call this number, to schedule an appointment. For five painless screenings that go beyond regular checkups. We use Ultrasound Technology to literally look inside your arteries. For plaque which builds up as you age and increases your risk for stroke and cardiovascular disease. And by getting them through this package, youre saving over 50 . So call today and consider these numbers for just 149 youll receive five screenings that could reveal what your body isnt telling you. Im gonna tell you that was the best 150 i ever spent in my life. Life line screening. The power of prevention. Call now to learn more. Stuart let me see the home builders. Most of them are higher there. Maybe thats because weve got Mortgage Rates taking a bit of a tumble this week. We are down to, what, 3. 73 i think it is. Thats a historically low level, ive got to say. Lets bring in our real estate guy, one of our real estate guys. Noble black from douglas elliman. Welcome back to the program. You are aware of this survey that says only a quarter of renters have a Firm Intention to really buy a home at some point in their life. Its a very low number. Why . It is. Look, a quarter of them said they would like to sometime soon. The issue is affordability and its a matter of getting the down payment together. Stuart they say they are not likely ever to buy a house. 25 of renters. Not likely ever. Yeah. The problem with that is if you look at some of the cities, i think san francisco, it would take basically 15 years to get the down payment together. If you look at the Median Income and if they are contributing 5 of their income towards a down payment. The moral of that story is if you dont have help its hard to get the down payment together with the Closing Costs and all that. Stuart you are allowed to get help, arent you . You can get a loan from mom and dad. You can do that. If you have a mom and dad that have the money. Stuart 30 years ago, you couldnt. The bank wanted to know where did you get that down payment from. They wouldnt let you just take it from mom and dad. I unfortunately wasnt in the business 30 years ago. Now you can. Look, its a matter of people need help or need like some great job and unfortunately, theres a lot of people that would love to be buying. I would love to be selling a lot more than what we sell but a lot of people dont have the resources to take that first step. Stuart do you think theres a cultural shift . I mean, not that look, you are a very high end real estate guy. Most of the people you deal with pay 10 million in cash. I know thats true. Dont even address that. Do you think there is a cultural shift going on here with younger people not wanting to own . Theres some of that, i think. I think the idea of the American Dream that everyone has to have a home is probably a little less the case than it was 20 years ago. But i really dont think its that so much as student debt has played a bigger role, right. Affordability in terms of the places where the jobs are, if you look at the coastal cities, theres a lot more jobs created, theres not been as much housing created there so affordability has become harder for those people. And if you look at some of the responses that government has in place, they are actually exacerbating some of the problems, i think. I think there are legitimate problems, but we have got to be very careful about how to address it and thats leaving a lot of those kids, you know, people in their 20s and 30s feeling like its never going to be an option for them. Stuart i was kind of making fun of your business and i shouldnt do that. I wish i had the business you think i do. Stuart you do have some of the business. I mean, you do deal with a lot of people at the very high end stuff. You dont buy a 10 million home on a mortgage, do you . You pay cash. You dont take the mortgage because you have to. A lot of people right now, rates being so low are taking mortgages just because they have Better Options for the money. But to your point, no one is worried about getting financing if they are paying 10 million or 30 million. Stuart do you deal with people like that . I fortunately do, yeah. Its very fun. Stuart do they come to you and say ive got 10 million, i would like a nice place in new york city, show me . Sometimes, yeah. Then sometimes its i want a nice place in new york city and talk about the budget and the budgets not so much of a concern. Certainly not the way i was brought up or live but its fun to be around. Stuart is it tech money . Some of it is, yeah. Most of it is not. Stuart foreign money . Some of it is. Look, theres a lot of, the thing thats interesting about new york especially which is what i do, a lot of friends in l. A. Are the same, but there is so much money here, so many people that have so much money that you would never know about. Thats just kind of old family money or some business that was family owned in minnesota and they are under the radar and they just got a lot of money. If you have a lot of money, it tends to be that you want a place in new york. Stuart i like the way you say it. A lot of money. I think it was aspiration. No, new york is the place people want to be and theres a lot of people that feel new york is always going to be a great investment. Stuart its a great city, just badly run, but thats my opinion. Noble, thanks very much. Thanks for having me. Stuart more varney, where are you . Which one you want to okay. More varney after this. Termites, feasting on homes 24 7. Were on the move. Roger. Hey rick, all good . Oh yeah, were good. Were good. Termites never stop trying to get in, we never stop working to keep them out. Terminix. Defenders of home. Liberty mutual customizes your Car Insurance, hmm. Exactly. So you only pay for what you need. Nice. But, uh. Whats up with your. Partner . Not again. Limu thats your reflection. Only pay for what you need. Liberty, liberty, liberty, liberty neil dow industrials down a mere 18 points. Elizabeth macdonald joined us for the last hour. She insists she has Something Interesting and funny to say. Make me laugh. I dont insist. Im watching the moderators not asking will you pay for all the Big Government plans. Then i saw, the reason why all the politicians try so hard to get reelected . They dont want to make a living under the laws that they pass. That is why theyre always saying well run again and run again. Nancy pelosi has been around since the reagan era. Chuck schumer has been around since i think george hw. Biden has been around since the nixon era. I want moderators to say, how are you going to pay for it . I know how they will pay for it. Asteroid made of gold. That is the story we were doing. That is how it will be paid for. Stuart by the way i was around for the truman administration. Lincoln administration . Stuart im a truman baby. And youre not. Im not going to ask you a thing. [laughter]. Jfk . Yes. Stuart you are i think eisenhower. Jfk. Stuart bygone era. In 10 seconds neil cavuto will appear on this screen, magically project away, tell us about the stock market and Everything Else is going on, wont you neil . Neil i didnt want to talk about that today. All right, stuart, thank you very, very much. We have larry kudlow making some news here. I was talking about fox news, he put have put a damper on the chinese talks that the Administration Still could consider additional tariffs on additional chinese goods. That kind of spoiledded. Neil hey we may get a deal party. I might not want to overinterpret the developments. That is the latest excuse de jure after market coming off earlier highs. Edward lawrence from osaka, japan where the g20 summit is already going on. Edward . Reporter there is a lot going on. The official events dont start
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