Transcripts For FBC Varney Company 20240714

On capitol hill. This morning, Maxine Waters goes right at Facebooks Libra. Finally, bitcoin comes back down to earth. So there you have bitcoin at 9,400. So question, hows the market doing . As in the stock market . Look at this. No selloff. Still holding right at record highs. The dow well above 27,300 and the s p stays right there at 3,000. You want some action . Wait until you see the latest tweets from mr. Trump and wait until you see joe bidens polling numbers. The latest. Varney company is about to begin. Stuart hes not letting up. The president piling on with this tweet. Hammering away, here we go, the democrats in congress are getting nothing done, not on drug pricing, not on immigration, not on infrastructure, not on nothing. So much opportunity yet all they want to do is go fishing. The American People are tired of the neverending witch hunt. They want results now. Okay. Got that. Senator john kennedy echoing the president s remarks. Roll that tape. I hesitate to contribute to this freak show, but i will offer you my thoughts. I dont think President Trump is a racist. I dont think his original tweet was racist. I think it was a poor choice of words. What he has said now and clarification is that this is not china, this is america, and in america, if you hate our country, youre free to leave. The four congresswomen think that america was wicked in its origins. Theyre entitled to their opinion. Theyre americans. But im entitled to my opinion and i just think theyre left wing cranks and theyre the reason that there are directions on a shampoo bottle. I think we should ignore them. Stuart left wing crank . Joining us is brad blakeman, former Deputy Assistant to george w. Bush. Hold on a second. I just got the latest tweet from the president. Heres what hes going to talk about tonight at the rally in North Carolina. Big rally tonight in greenville, North Carolina. Lots of things to tell you about, including the fact that our economy is the best it has ever been, best employment and stock market numbers ever. Ill talk also about people who love and hate our country, mostly love. 7 00 p. M. So hes going to come right out on the attack tonight, isnt he . Absolutely. You would expect nothing less. Stuart whats the news there. The president is attacking. You hit the president once, you get it ten times back. The president has a lot to tell the American People. Good news about the economy. But he also has to go after his critics. You know, congress can get together to condemn the president but they cant get together for infrastructure, for health care, for immigration. Stuart hes not going to walk away from this fight. Hes going to wade right back into it tonight by the sound of it. Why should he . Hes showing the American People what the intent of the congress is. They have disliked this president from the time hes elected to the time he was sworn in until today. Their mission is to remove him. Yet theyre going on vacation. They claim theres a crisis on the border. The president is unfit for office. But we cant get to that until september. Nobody buys this. Stuart would you like to tone him down at all . Yes. I would. Stuart you would . Sure. Selectively i think the president could be more selective in his tweets. But thats not going to happen because donald trump is donald trump. Heres the difference. Im a republican. I love what he stands for. I love what the president does. Its a balance between rhetoric and results. Ill take the rhetoric because i got the results. If it was tipped the other way i think people would lose patience but its not. Hes delivering for the American People. Hes making good on his promises. So you got to take the rhetoric. Stuart his approval numbers are actually going up. They are going up. Stuart stay there for a second, brad. Got to deal with a few other issues as we get the show rolling here. Big tech clearly under attack, getting hit from all sides. Listen to law makers going after them during a hearing yesterday. Roll the tape, please. The American People are instead subject to both overt censorship and covert manipulation. I believe its time to rethink that deal. If big tech cannot provide us with evidence, clear compelling data and evidence that its not playing big brother with its vast immense powers, theres no reason on earth why congress should give them a special subsidy. Trust is something you earn and facebook certainly hasnt earned it, so its not enough to say that you will keep the libra data separate. Stuart it is not over yet. The House Financial Services committee holds a hearing on facebooks digital currency, the libra, in the next hour. The european union, theyre opening an antitrust investigation into amazon. France just passed a digital tax on american big tech. We need an experts advice. Weve got it. Zoha steinberg, ceo of token Digital Payment company. I want to talk about libra right from the getgo. Cryptocurrency by any other name, should it be banned . It all depends on how consumers can use that and what are the regulations around that and what are the controls around that. Stuart do you think there should be some severe tight controls . Should facebook, for example, go out and get a banking charter if they want to run what amounts to a bank . This could be a good example of what they can do. I think consumers privacy should be back on the table for discussion and i welcome all the discussion you see right now in congress. I think its important to put it back into the conversation. Stuart look, all this criticism, all these hearings, theres taxes and fines and regulation coming, so we hear, and nothing happens to the stock. On the screen right now, facebook is at 203 a share. Its on a roll. Yeah. I think stuart the market is saying nothings going to happen to them. I agree. Thats what theyre saying. I think its got to do with education, also. A lot of us, the consumers, werent really aware for years of what happened. We signed up for google, we said yeah, we agree to the conditions and never really thought what was going to happen. Same with facebook. We use it and we dont really think what will happen with our information. From one hand, its good that public figures, the government or any other public figure, put it out there and theres education and consumers start to think wait, im getting a free service, how do they make so much money. This is the interesting conversation. We are becoming the product. We are the consumer, we are the customer. Were not the customers. We are becoming actually the product they are selling. This is the discussion we need to continue having. Stuart i have to ask you, at the end of the day, will that fundamentally change . What im saying is, will facebooks Business Model have to change somewhere down the road . I think it has to change. Stuart you think it has to. It has to change. They are making a lot of money and its good for the stock. On the other hand, they need to find a better way to protect our privacy, protect our information, and make sure that we are protected. Stuart especially with our money. Thats for sure. Thank you very much for joining us this morning. We appreciate you being here. Thanks a lot. There are some individual stocks in the news and moving. How about bank of america, Pretty Healthy profit. Revenue, though, not as great as it might have been. The stock is down a tiny fraction, 11 cents lower. The big one today is netflix. They report after the bell. They are expected to surpass 150 million subscribers worldwide. Lets see if they make that number. The stock this morning premarket, up 1. 27. Ibm out with their profits after the market closes. Walking up to that, they are up 30 cents, 143 on ibm. Watch fox business 4 00 this afternoon. Melissa francis and Connell Mcshane will have the allimportant Netflix Subscriber number on after the bell. Next case. New hampshire, the state that holds the first president ial primary. Joe biden has all but lost his lead there. New cnn poll has biden at 24, warren and sanders tied at 19. Brad blakemans eager to get into this. Tell me why is Bernie Sanders slipping . Thats his backyard, New Hampshire. Exactly. And warren and bernie, it should be a fight between those guys, because warrens from massachusetts. How is it possible that bernie doesnt own New Hampshire . Its the people who know you best who know you best. I think bernie has worn out his welcome. Stuart really. In his neck of the woods. Thats going to be foretelling because New Hampshire could be the death knell for bernie. Stuart this morning no, this afternoon, im sorry, five or six hours from now, bernie comes out with how hes going to the cost of medicare for all. Hes putting it at between 30 trillion and 40 trillion over ten years. Why doesnt that count somebody out of the box . When you talk of numbers like that there arent enough rich people for bernies plan. Stuart no. Number two, he doesnt even take on the unfunded liabilities that we have for medicare that exist today. Or social security. Hes going to add another 40 trillion over ten years . We cant even pay for what were obligated to pay today. Stuart or the trillion dollar deficit we have this fiscal year. So add another 22. Here a trillion, there a trillion. To bernie it doesnt really matter. Stuart who said a billion here, a billion there, pretty soon youre talking real money. That was in the 1970s. Now its a trillion here, trillion there. What comes after trillion . Thousand, million, billion quadrillion. Stuart quadrillion, correct. Well be there soon enough. I have been reading bernies platform. Stuart i didnt realize we could liven up the ablock. Youre all right. Thanks very much indeed. Check the futures again, please. Its a go nowhere early wednesday morning, down maybe eight points for the dow, up a fraction on the nasdaq. Mcdonalds teaming up with door dash, getting into the delivery thing, making it easy for you to get your big mac to the front door. The stock premarket unchanged but look at the level, 213. Bernie sanders, here we go, major speech today about medicare for all. Again, he says its going to cost 30 trillion to 40 trillion over ten years. I will guarantee we are on that one. Ms13 gang members behind bars in l. A. , accused of, what, 200 crimes like Drug Trafficking and seven brutal murders. President trumps new asylum policy is supposed to stop this kind of thing from happening. We will deal with that in a moment. How do you gauge the greatness of an suv . Is it to carry cargo or to carry on a legacy . Its show of strength or its sign of intelligence . In crossing harsh terrain or breaking new ground . This is the time to get an exceptional offer on the mercedes of your midsummer dreams at the mercedesbenz summer event, going on now. Lease the gla 250 suv for just 329 a month at the mercedesbenz summer event. Mercedesbenz. The best or nothing. Or trips to mars. 4. 95. Delivery drones or the latest phones. 4. 95. No matter what you trade, at fidelity its just 4. 95 per online u. S. Equity trade. Stuart nearly two dozen los angeles ms13 gang members have been charged with the quote, medieval style slayings of people including one rival gang member who had his heart cut out. Joining us, ken cuccinelli, acting director of citizenship and immigration services. Sir, President Trumps new asylum policy is supposed to stop this kind of thing from happening. Will it . It certainly will in some cases. Theres no question that ms13, with the help of drug cartels south of the border, who they cooperate with, has gamed our system all across the border and repeatedly, stuart, you have heard many times of ms13 folks arrested for Violent Crimes and then you read was deported, reentered multiple times frequently, so they are abusing the legal system, they are gaming it and of course, this week, we have instituted a new asylum rule at the southern border to really stop fraudulent claims and to make asylum about safety and not Forum Shopping country by country, make it not a ticket. Stuart whats extraordinary to me is youve got this kind of brutal killing by gang members, countless stories of drugs, heavy duty drugs coming across the border, yet you dont see much publicity for that. Instead, you have alexandria ocasiocortez and her far left colleagues going on and on about immigration and concentration camps. I have to put it to you, sir, are you losing the p. R. Battle . No, i think that gradually were gaining ground and of course, we have been on offense in making the case for President Trumps aggressive stand on illegal immigration, and an even worse case right here, stuart, is im 10 or 15 miles from where ms13 killed a 14yearold girl in prince georges county, maryland, right over the washington, d. C. Line here, and they proudly proclaim themselves a sanctuary county in a sanctuary state of maryland and the three people who did that killing had all records of Violent Crimes that should have been handed over to i. C. E. How can they possibly be proud of that track record and yet they are. We are now holding them to public account for that and i think the only people who appreciate their position are the people who already agree with them in the sense that ordinary americans who see news like that out of los angeles today, who saw news out of maryland right here on the doorstep of the Nations Capital a month ago, they are appalled with these policies, and with the house of representatives in particular that will not act to curb these loopholes that are making it easier for the worst of the worst, the ms13s of the world, to escape into our country and to be a real plague in our communities. Stuart last one. Am i a racist if i want something done about 12 million illegals living in this country . No, youre a supporter of the rule of law. For people to try to turn it into a race issue really overlooks first of all the fact that there are people from all over the world that fall in that category. Second of all, over a million of them have gone through a massive due process arrangement and gotten a removal order and they are violating that order. Over a Million People violating that federal order. Its i. C. E. s job on a daily basis and their good officers do it professionally every day, to remove those folks who have had their due process protections, more from america than anywhere else in the world, and still they resist our laws. So youre right on the money on that. Of course, its fox business so you are supposed to be right on the money. Stuart thats good. Im going to use that. Thank you very much indeed. Ken cuccinelli, everyone. Hope youre doing well in your new job. See you again soon. Thank you, sir. Appreciate it. Futures still show a minor loss for the dow industrials at the opening bell. A minor gain for the nasdaq at the opening bell. Forget about candy and toys. Kids are spending real money on virtual goods within video games. Not talking just a couple dollars here and there. Wait until you hear how much money they are actually spending. ben if youre a grandparent, you know what im talking about when your little grandchild starts talking to you. Something i couldnt hear for a long time. wiley its funny how Something Like just a hearing loss can have an effect on a relationship. melissa somebody would ask her something and she would just walk right past them. deborah i just could not hear. avo these are real people who are now living life to the fullest. Thanks to miracleear. Call out toll free number to start your 30 day riskfree trial at your locally owned miracleear. And schedule your free hearing evaluation. john when someone new comes in, i take the time to listen to whats important to them. Then i run a comprehensive hearing test to find out if they even have hearing loss. If they do, ill custom fit a hearing aid that fits their lifestyle and their budget. aurelia with miracleear, its all about service. Theyre personable. Theyre friendly. Im very happy with them. deborah when i finally had miracleear and i could hear for the first time, i started crying. I could hear everything. ben i went to miracleear. bobby i went to miracleear. ben but i told you to go to miracleear. bobby thats notoh avo call our toll free number today to start your 30 day riskfree trial at your locally owned miracleear. deborah i was hesitant to get the hearing aids because of my short hair, but nobody even sees them. avo featuring our latest technology, our hearing aids are nearly invisible, so no one will notice and theyre so comfortable, you might forget youre wearing them. grandchild can you hear me . ben yeah now i can hear my grandson again. avo call our toll free number today to start your 30 day riskfree trial at your locally owned miracleear. Your 30 day riskfree trial is only the beginning. We also provide you with unlimited checkups, cleanings, and adjustments free. Its why weve been trusted for over 70 years. And we have over 1,500 locations nationwide. wiley i see someone new, someone happy. bobby vo its really made a difference. [laughter] avo call our toll free number to start 30 day riskfree trial and book your free hearing evaluation at your locally owned miracleear today. We like drip coffee, layovers and waiting on hold. What we dont like is relying on fancy technology for help. Snail mail we were invited to a y2k party. Uh, didnt that happen, like, 20 years ago . Oh, look, karolyn, weve got a mathematician on our hands check it out now you can schedule a callback or reschedule an appointment, even on nights and weekends. Todays xfinity service. Simple. Easy. Awesome. Id rather not. Stuart at t and microsoft have teamed up in the cloud, Artificial Intelligence, 5g, they are getting together. This deal is worth about 2 billion. Its a Strategic Alliance just announced. Both stocks up a fraction on the news. Fortnite is under fire because kids are laying down some serious money for weapons and other stuff that they buy within the game. Lauren simonetti is with us. Give us the number of inside the game purchases. Lauren in game and inapp purchases last year, 93 billion. Stuart worldwide. Lauren the games are often free so how do these Companies Make money . You have your kids and its hooked up to your wallet so they dont see the money. Just buy Little Things whether its an outfit change or a weapon to get them to the next level in the game. So theyre not seeing the money. They are actually not seeing the item they are purchasing. Its all intangible. Whats the big deal . Parents are saying this is hundreds if not thousands of dollars and were not teaching our kids the value of money. Used to be heres five bucks, go to the candy store, get a comic book. Now its get ahead in that virtual game. There are safeguards, whether its microsoft or sony or fortnite, apple, amazon, but theyre different. All the Parental Controls are different. The onus is on the parents to teach the kids and set up those controls and limits on spending. Stuart its a generational thing because i was shocked at the 93 billion number. Susan li susan was not. Stuart young enough to be my granddaughter is not. Susan so many games out there sell for billions and billions of dollars. This is just the world we live in, right . Stuart okay. Got to move on quickly, please. Disney is responding do we do the disney story now . We do the tease next. Okay. That is the markets. We will open the market in five and a half minutes time. Thank you very much for doing the math. Well be down on the dow but up for the nasdaq. Six points. Not much change coming at the opening bell. Well take you there anyway. We call it the mother standard of care. Its something we take personally, and believe in passionately. Its the idea that if our mothers were diagnosed with cancer, how would we want them to be treated . Thats exactly how we care for you. With answers and actions. To hear your concerns, quiet your fears, lift your spirits. With teams of cancer experts and specialists, delivering advanced Treatment Options and compassionate support every step of the way. All here in one place, with one purpose. To fight your cancer, together. Thats the mother standard of care. This is how we inspire hope. This is how we heal. Cancer Treatment Centers of america. Appointments available now. Stuart gee whiz for you from teslas chief, elon musk. He wants to hook up your brain to a computer. Now, this is important, because the interface between a computer and your body, nobody has done that very well. Susan very ambitious. They say 2020 might be possible, although most experts say thats a little too ambitious at this point, since were just a year off. Elon musk, you know, of spacex, tesla fame, he also has neurolink which he founded in 2016. He says it was founded to basically help human brains interface with technology. So he says hes been warning us about the incoming a. I. Threat so he says why not implant chips into your brain to help you cognitively function better and this is to battle the Artificial Intelligence thats coming your way. Also, its to help treat neural problems, right . Neural disease as well. This is a win win for both. Some people say 2020 is just not realistic. Probably way longer than that. Stuart whos going to make the chip thats going to be implanted in my brain . Ashley huawei. Stuart my mandarin will improve. But its a very big story. Its very interesting story. Its got that kind of thing going, it is a breakthrough. Susan its a distraction from the real story, which is tesla. Stuart here we go, wednesday morning. This is wednesday all day. We are off and running, its 9 30 eastern. We are down a fraction. Still holding at 27,300. The dow is now down 29 points, 30 points. There you have it. A fractional loss, actually, down about. 1 . We are expecting a modest gain, didnt get it. Down a bit. S p, same story. Down just a fraction of one point. Still above 3,000. How about the nasdaq . That is up three points. That is actually a tiny fraction. Its dead flat across the board today. The tenyear treasury, the yield moving up to 2. 13 . The price of gold this morning, it is moving down 20 cents, 1411 per ounce. Shah combshgilani, john lon susan li, Ashley Webster with us. Netflix reports their profits after the bell today. Netflix could move the whole market. Certainly the tech sector. Premarket, they are down 60 cents. Shah, would you buy it now and take a flyer on the offchance you will make some money . To me, thats what it is, a flyer. The stock has done very well. If you own it, you are obviously very happy. But to me, they are going to be losing contents to the likes of at t who is taking content back, comcast is taking content back. They will have to pay more to produce their own content. Im not a fan. I think its got higher to go on momentum but im looking for a place to short it. Stuart you are looking to sell it short. Yes. If it can get up to 400 on some momentum, i would be a big short at 400. Stuart im intrigued, john, they are looking for 150 Million Worldwide subscribers. Big number. Thats a big number but i think whats going to start happening, shah is talking about increased competition. Not only are your costs going to go higher, but also your ability to set prices may be diminished. I see a squeezing of margins in this case. You have to be careful about how you interpret an increase in the number of subscriptions. Are you getting more subscribers because you are paying more for those subscribers. Stuart in the space of 30 seconds, you two guys say you dont particularly care for netflix, the thing has gone down a couple of bucks. See what you did . The power. Stuart try ibm. They report after the bell. Now, that stock is up 26 this year. You wouldnt touch it, would you . No. This stock has been in ugly downtrend since 2013. They spent close to 85 billion in buybacks in the last decade. They dont have a lot to show for it. Their acquisition of red hat at 34 billion was overpriced. Management to me is has underperformed. I wouldnt touch this stock. Stuart okay. Susan why has management gone such a path . Because they see revenue falling for 22 straight quarters. They barely had quarters of Revenue Growth over the past decade. This 34 billion acquisition of red hat is meant to save the business . I agree. It has no reasoning for the stock to go up other than the buybacks. The reason its had a little pop this year is because of more buybacks and i think sooner or later that will catch up with them. Stuart got to turn to amazon. Prime days are over. Now, there was some people were reportedly signing up for prime on the day of the prime days, getting some bargains, then canceling their prime subscription. Is this a big deal, susan . Susan i dont think its a big deal. How many of them actually signed up for prime day, probably a lot. How many will actually keep their prime subscriptions afterwards . Stuart a lot. Susan even if its 20 , thats pretty good already for amazon. Which counts 103 million prime subscribers. They are paying 119 a year. You are getting a great revenue stream off of making a lot of sales as well in the process. I see it as a win win. Dont forget, prime members actually spend more on prime days. 1600, yes. Ashley they have an amazing retention rate. 90 of prime members stay prime members. They have a good record of keeping their members. Stuart 2,000 a share. 2,006 on amazon. Looks like its staying above 2,000 for the near term. Another amazon story. The europeans, they have just opened an antitrust investigation into the company. This going to hurt them . Susan its basically they are contending amazon has a dual role as a marketplace provider and also a seller as well. Do they use data to basically enhance their own product . How do they set up the default option . Why were they using this data . Its a money grab in the eu. They fined google 9 billion over the years. Back taxes have to be paid by apple, amazon also. Dont forget, taxes on revenue in retro active years by facebook as well. Stuart im just tired of this story, quite frankly. Nothing ever happens. Ashley once a week. Stuart facebook is under pressure, google is under pressure, amazons under pressure. The stocks hold up at very high levels. What do you say . In the case of europe, the european governments are always looking for revenue. They need tax revenue to fund these social programs and if you are a company with a lot of money, a lot of cash, perhaps they will find a way of getting some of that. Stuart i just dont see europe surviving. I think they are a vast museum. Im not digressing too far here. Susan they have been around for thousands of years. Stuart the population is shrinking. They have a demographic problem. 13 trillion worth of bonds with negative yield, the lender pay the borrower. Ridiculous. Wouldnt be around if it wasnt for the ecb. They would be in dire straits. Stuart you think miss lagarde will make any difference . They will open the spigots all over again. Do what it takes. Stuart she will say you aint seen nothing yet. That negative yield is going to keep on going. Until it doesnt keep on going. Right. Stuart i digress. Check the big board. We are down 16 points on the dow industrials. Look at apple. Goldman sachs raises its price target to 187 from 171. I dont get that. I dont get that. Its at 204. Healthy profit at bank of america, as we said before, revenue fell short. The stock is virtually unchanged. Bitcoin fell out of bed again. Now its below 9,500. Down 73 bucks. 9,004. Price of oil going nowhere, still around its 58 a barrel this morning. Price of gas, regular, national average, still 2. 79. Heres a good story. I like this. Mcdonalds teaming up with door dash to expand food delivery. What do you think of that . I think its going to hurt uber. Everything mcdonalds is doing, they are doing right. Thats an example of Quality Management doing the right thing, being innovative. I think the change to door dash will be a positive. Stuart what im getting at is the delivery of food is now the number one story on this program, this network, and i cant believe it. We are just sitting home eating, getting fatter and fatter. Thats the bottom line. Stuart thats true of me, yes. Who would have thought that food delivery was such a big deal . Who would have thought that . Susan a lot of people. Because why would you want to walk, get your food, when somebody can deliver it hot and fresh . Stuart because i dont like waiting for it. I dont like paying a fee to have some guy bring it to me. Susan but convenience. This is the world of convenience. Do something with your time while its coming. I would agree this hurts uber because uber eats did have that exclusive launch and delivery of mcdonalds but with door dash, they get it to 80 of customers across 50 states. Stuart they can get mcdonalds stuff to your door, 80 . Susan combination of door dash and uber. If they can cover 50 states, 80 of the customers. Stuart good for mcdonalds if you ask me, i guess. Chipotle, heres another one, the stock price is near an alltime high. Its up 75 . This calendar year . What . Theyve got over their e. Coli problem. I shorted a little bit during those problem days, made some money, got out when i started to look good. There are only about 24 million shares outstanding. Theres not a lot of shares that trade on this thing. Its easy to move the stock forward. It has been a lot of shorts who have covered and taken the stock a lot higher. Those shorts are pretty much, most of them out of the picture right now. Now we see where the stock goes from here on. I think it has something to do with the fact we had restaurant sales grow by 11 annualized from the first to the second quarter. So they are riding that particular wave. Theres people spending more at restaurants, theres an increase in Discretionary Spending which is a good sign for the economy. Stuart wait, wait, wait. Ive got to repeat this. Spending in restaurants, 11 annualized rate. Stuart annualized rate, 11 . Yes. Thats much faster than overall retail sales, 7. 5 annualized. Stuart thats all this delivery of food, is that it . Susan but also, job security as well. We know foot traffic usually goes up, especially at Quick Service restaurants, middle tier, especially when you have more wealth in your wallet. People are working longer hours, they go out to eat. Chipotle year over year up 40 . Stuart i dont feel part of modern society anymore. I dont know beans about video games. I never have food delivered. You never had pizza delivered . Stuart never. No, i cannot lie. I did. Susan what . Stuart 40 years ago in San Francisco, i ordered a pizza to my house. You never had a pizza delivered to your house in all this . My goodness. Stuart i dont do that. Susan wow. Youre weird. Stuart certainly not weird. Maybe i should retire, however. Oh, look, its 9 40. Youre out of luck, guys. Get out of here. Thank you very much. Check that big board. Where are we . We are down 24 points. There we go. I got a stat for you. Heres another reason why i should retire. One in five millenials expects to be financially reliant on their parents into their 30s. Susan forever. Stuart that came as a shock to me. Im going to pronounce on it, rant about it, my take at the top of the 11 00 hour. You cant wait. Ashley cant wait. Stuart uber and lyft facing new headwinds in new york with rising prices causing some people to ditch these Ride Sharing Services all together. Thats another good story. Again, totally out of touch. I will deal with that, promise. Women for trump launching a new campaign to get the president reelected. How can they significantly boost the number of female voters for trump in 2020 . Well ask rnc chair ronna romney mcdaniel. She is next. All right brad, once again i have revolutionized the songwriting process. Oh, here we go. I know i cant play an instrument, but this. This is my forte. Obviously, for auto insurance, weve got the wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Yeah, actually. But how do i know if im im getting a good deal . I tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if im getting a great price. This is how car buying was always meant to be. This is truecar. Or trips to mars. 4. 95. Delivery drones or the latest phones. 4. 95. No matter what you trade, at fidelity its just 4. 95 per online u. S. Equity trade. Stuart im going to call this the summer doldrums because we dont have much Stock Price Movement today. We are down just 20 points on the dow after 13 minutes worth of business. The yield on the tenyear treasury right now is 2. 09 . Now this one. Interesting, important stuff. Numbers from amazon on prime days. All right. Give me the numbers. How did they do . Susan so they said that prime day this year has surpassed black friday and cyber monday combined. Stuart whoa. Susan they said they sold 175 million items from devices to groceries and more throughout the two days of prime day. In fact, it was the biggest day for amazon devices, you know, the ecodots, fire sticks and alexa voice remote, et cetera, et cetera. Its interesting that also, people are going into whole foods, you know they had that deal of 10 at whole foods, you get 10 off on prime online or any of the prime deals. Apparently the bestselling prime day deals were organic strawberries, red cherries and blueberries as well. Stuart ill take that. Susan i was looking at this number, just comparing it to some of the notes i made from black friday and cyber monday last year. 175 million items were sold on amazon itself. I read that there was 180 million items that were moved during black friday. However, if you want to compare it to a Single Company event compared to a National Global retail event of black friday, thats pretty good. Stuart the one thing they have not told us is the dollar number. The gross revenue, how much in terms of dollars, how much did they sell. Theyve not said that. Susan they never give us dollar amounts. Stuart 175 million items aint bad. Susan thats closer to six billion. Stuart stock has not moved. Its actually down a buck. Women for trump launches, they got their work cut out for them judging by what happened in 2016. Among women nationally, this is nationwide, 2016, clinton got 54 of the vote, trump got 41 . In florida, key battleground state, this is 2016, clinton, 50 , trump 46 . Joining us, rnc chair ronna romney mcdaniel. If you want to win conclusively in 2020, youve got to get more women to vote for mr. Trump. Whats the main thrust of women for Trumps Campaign . By launching women for trump yesterday in pennsylvania, we are launching a grassroots effort to talk to women directly about what the president has done for women and we were able to tout that of the six million new jobs that have been created under President Trump, 3. 1 million have gone to women. 600,000 women have come out of poverty under President Trump. With the tax cuts and jobs act, we doubled the child tax credit. We are taking substantive policy, things that have come out of this white house that have made the lives of women better across this country and we are going to unleash that to battleground states to directly talk to women and share with them the results of this administration. Stuart do you raise the issue of abortion . If its women for trump and its a campaign, is abortion mentioned . Well, we do. We say you know, the Democrat Party puts women in a corner as single issue voters. If you dont agree with us on this issue youre not welcome in our party. What we talk about is we view women because we are over half the electorate, as the whole voter. Women care about health care, we care about education, we care about National Security, we care about the economy. Im sick of being put in a corner and saying we only care about one issue. While we are the party that does celebrate life and care for the unborn, we are going to treat women as the whole voter, which we are, and we vote on every single issue. Stuart look go ahead. Stuart sorry to interrupt but look, your opponents are going to come right at you and say mr. Trump is a known abuser of women. Thats what theyre going to say. Well, i can go to them and say guess what, im only the second woman in history to chair the rnc and thats because President Trump chose a mom from michigan to come run the Republican National committee. Look at the women he has in his administration. Beyond that, lets look at the results. When over half the jobs in this country, half the new jobs have gone to women and wages are up and hes invested in s. T. E. M. Education, these are things that he can point to that absolutely contradict what democrats are going to say over and over again because we know what democrats do. They talk but then they dont talk about policy and they dont deliver because they are passing nothing legislatively in this congress. So the president actually has a record to run on. Stuart you are going to have some red meat to go at this afternoon when Bernie Sanders announces his medicare for all plan. 30 trillion to 40 trillion cost over ten years. You will be able to go at that, i suspect. Absolutely. I mean, what Bernie Sanders and the democrats are proposing with medicare for all will destroy our health care, it will destroy the quality of health care, and you know whos going to suffer and where they are speaking . Seniors. Seniors have paid in who are going to be at the hands of the government who is going to decide their doctor and what procedures they can get and they are going to get less Quality Health care. It is frightening. It is way too expensive. We cant afford it and it will absolutely devastate the health care in this country. We have to educate people and by the way, in knobbinorth caroline the president is going tonight, five Million People would be cut off their private plans if the democrats have their way by eliminating private health care plans. Stuart im sure we will hear more about that tonight from the president. Ronna romney mcdaniel, thank you for being with us this morning. We appreciate it. Again, ive got to say its pretty much a go nowhere market thus far. You never know how its going to close. We are down 40 points on the dow. 27,293. We are commemorating 50 years since the apollo moon landing. Next, we have a company which designed the headset that Neil Armstrong wore when he made those historic steps. Weve got the guy who made that. Fact is, every Insurance Company hopes you drive safely. But allstate actually helps you drive safely. With drivewise. It lets you know when you go too fast. And brake too hard. With feedback to help you drive safer. Giving you the power to actually lower your cost. Unfortunately, it cant do anything about that. Now that you know the truth. Are you in good hands . I had no idea why my mouth was constantly dry. It gave me bad breath. It was so embarrassing. Now i take new biotene dry mouth lozenges whenever im on the go, which is all the time. New biotene dry mouth lozenges. Freshen breath anytime, anywhere. Stuart disney is responding to Abigail Disneys claims of very poor working conditions at disneyland. Whats the company saying . Ashley abigail says she was livid. We had this response from disney to you, mr. Varney, saying quote, disney is at the forefront of providing Work Force Education, which is widely recognized as the best way to create Economic Opportunity for employees and empower upward mobility. Disney also provides flexible schedules and subsidized child care. In other words, its not the hellhole Abigail Disney said it was. 15 an hour, they said they have all sorts of benefits. Stuart yes. Abigail is an activist. Very wealthy young lady. Shes going right after bob iger. And they are responding. Ashley and his insane salary. Stuart they are responding to everything. All right. Lets face it. Now it is the 50th anniversary of the apollo landing. They stepped on the moon on july 21st. Got that. Now, we have on the show now the company which designed the headset for Neil Armstrong. Its on the screen. That man right there, joe burton, ceo of poly, poly. Am i right in saying your company, not you specifically, but your company, you designed that headset all those years ago . Absolutely. We certainly did. So poly already had Aviation Headsets called the ms50. When nasa went looking for a lightweight, reliable, comfortable headset for the astronauts, they contacted poly, and we turned that headset around for nasa in just 11 days. Stuart now, i take it that headsets today that you make are very, very different. Tell me how different. You know, two things id say. Number one, they are obviously extremely different. The voyager 6200 i have around my neck actually has an incredible amount of processing power, tens of thousands of lines of code, just an amazingly different headset. However, the ms50 that we adapted to work for the astronauts is actually still in production today for airline pilots, the very same headset. Talk about durability in a product. Stuart i would imagine that 50 years ago, the headset you made then was very much made in america. But i would suspect that the headset on the market now is not entirely made in america. Am i right . Partially. We actually have a flexible manufacturing strategy where we make some of our products in asia, some of our products in a factory that we actually own in tijuana, mexico, but many of the headsets that we make for special missions for nasa, for Government Agencies and other cantmiss opportunities, are literally still assembled in santa cruz, california. Stuart excellent. I believe you are ringing the closing bell this afternoon on the stock market, is that right . We are. We are actually ringing the closing bell this afternoon to celebrate 50 years of the moon landing with our amazing headsets delivering every word thats been said from the moon. Stuart i have to ask this. Were you in the control room in houston or in wherever it was 50 years ago . So obviously, not me personally. I was allowed to stay up and watch it with my father. However, poly was in mission control, we were on the Space Shuttle or on the spacecraft, and indeed, even today, when you see many of the Mars Missions and so forth, you will see poly headsets in the control room helping with all those cantmiss communications. Stuart excellent. We will be watching. Joe burton, thanks for joining us. Congratulations, sir. Good stuff indeed. Thank you very much. Thank you. Stuart well be back after this. See thats funny, i thought you traded options. Im not really a wall street guy. Whats the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at td ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from td ameritrade. Stuart its happening this hour. House Financial Services committee hold as hearing on facebook east digital currency, yes, the libra. The he witness will be david marcus. He heads facebooks cryptocurrency projects. Yesterday he faced a rather hostile senate. Today it is Maxine Waters and her committee. Get any news from the committee, you will get it real fast, i promise. Also happening this hour, a subcommittee hearing on aviation safety after two deadly accidents from the boeing 737, family members the ethiopian Crash Victims will be testifying that could get emotional. That is all happening now. Now this. Seemed for a couple of days that the president s tweets over the weekend had brought feuding democrats together. They managed to unite to condemn him as a racist, but the pelosi versus the squad fight is back on again. In a sitdown interview on cbs, Rashida Tlaib that pelosi say they are a woman of color and when you single us out be aware what youre doing. This is a racial feud. Al greenfied articles of impeachment. This gives Speaker Pelosi a very tough choice. She could kill it, which would anger the squad, or allow a vote which would expose the deep democrat divide. Hard to lead a party that is split. Very hard to get anything done. But it is easy to turn voters off. Speaker pelosi wields power but has very little to show for it. Time is running out. Here comes the august recess. No debt ceiling deal. No spending deal. Not even the u. S. Mexico canada trade deal that benefit just about everybody. Oh, investigations, probes, resolutions, got plenty of that. This divided party has not delivered much else. Just wait until this impeachment getting rolling. Just wait until Robert Mueller testifies next week. The pelosi versus the squad fight is going to drag on. You have to feel for all those president ial candidates, desperately trying to get a word in edgewise. The democrats feud gets all the headlines. Nobody is happy. Speaker pelosi, the squad, impeachment crowd, those poor moderate democrats who face being primaried by the far left. No wonder the New York Times star columnist, tom friedman writes today, quote, trumps going to get reelected, isnt he . Voters have reason to worry. Democrat voters that is. The second hour of Varney Company, just getting started. Stuart democrats, you just heard me drone on there, democrats are split. They havent accomplished much since taking over the house but ashley will tell us what they have done . Ashley not a lot. Anything else . Debt, spending, borrowing limits, spending plans, nothing. Prescription drug pricing, these are the big ones, election security, there a whole host of bills lying around, no action at all. Of the house resolutions gone through to become law, 15 up until just a couple weeks ago, thats all. They include northern marianna islands long term resident relief act, bulletproof vest grants, Colorado River river draft contingency plan, those have come through. Bottom line, major issues are stuck going no where. Have they done a lot . No. Stuart hard to get something done with a divided party. That is the way it is. Yep. Stuart tammy bruce independent womens voice president thereof. Look, my position is, see what you think, this pelosi versus the squad feud, this dramatic split in the party is not over, not papered over. It is not going away. The speaker would argue it is not even a party split. She says it is four people. Shes correct. Donald trump is uniting the party. She doesnt want them united. What was happening prior to President Trumps tweets. She had been isolating them, marginalizing them after they refused, voted no on border aid bill. These are four people. No one supports then. They might have their twitter and social media but that is nothing. That is when miss ocasiocortez effectively accused pelosi of being a racist. Then representative clay came out, africanamerican man, missouri, wellrespected, calling them effectively, he used words ignorant, immature. They need to have time to mature to become effective legislators that was a message to them to stand aside. That is what President Trump saw. That is when he entered. They need them out of the public view, internal democratic poll, released by axios, leaked to them, ilhan omar has 9 approval rate. Alexandria ocasiocortez, 22 approval among trump swing voters that in fact theyre toxic for the people that the democrats need to win back. Thats what allowed nancy pelosi to suddenly becoming a agressive. This is why the president wants them to be the face of the party because they are toxic. Socialism was toxic among those voters this is why 2020 is now risk for them. Stuart nancy pelosi, Speaker Pelosi, has to keep going against the gang of four . What she did not want to do, President Trump forced this, for the democrats to reembrace them. This now, some whisper is, it is not just 2020 and President Trump being reelected he will be, the house could be at risk, that control of the house could be at risk. So this now is what she is having to try to manage. President trump, while of course he has done something which David Axelrod called, hard and cold. Well the future of the country is at stake. The president knows what he is doing. Is it, is it dramatic and maybe to some degree risky . Yes. We know that in fact that it is about the issues. It is about the nature of the attitude that is being promoted. The American People certainly trump swing voters dont like it one bit. Stuart that is a fascinating poll. 9 support, that is it . 9 amongst these people who should be retrievable by the democrats, this situation, those particular women, socialism, is toxic. And nancy pelosi thought she had it in hand until the president tweets. Stuart president stepped in, united them again. Thats correct. Stuart that is the last thing Speaker Pelosi wanted. That is right. Stuart tammy bruce on the button. Thank you, sir. Stuart good stuff. Look at the big board. We turned positive. It is not a Huge Positive move but a move to the upside. Were up three points, one point on the dow industrials, 27,337. Then there is facebook. Their libra chief back on for day two on capitol hill. Today it is Maxine Waters and the House Financial Services committee, that they will be speaking to. Marc chandler, bannockburn chief market strategist. Marc, you heard outrage over libra, big tech, nothing happens to the stock. Facebook still at 200 a share. Amazon is still 2,000 per share. Google is still 1200 a share. Nothing happens to them. Shareholders dont think the companies will be broken up. What is underlying this antitrust. What is happening the g7 meeting. At the g7 meeting the french proposed taxing these tech giants which are primarily u. S. Companies. This is beginning of trade tension. Facebook is not just about cryptocurrency. This is about tension between the u. S. And europe. Stuart i would thought the stocks would come down with threats of massive regulation and breakup but the stocks have not come down. People expect the dominant positions to be maintained. Stuart do you . Im not sure they will survive this i grew up when at t was being broken up. Hard to imagine the internet if at t hadnt been broken up. I wonder if the explosion of the benefit of Small Businesses over big businesses, trade, innovation. Stuart okay. Netflix is outside of this. Nobody is trying to break up netflix to my knowledge. Susan there is enough competition. Stuart there is enough competition. They report after the bell. What do you make of this . Are you buying netflix . This is an interesting space. Growing up we would be dominated by the tv screen, tv schedule. This is freeing us up. This is part of a revolution, call mass production of uniquelymade products. You can control our schedules in a way. This is what netflix and whole Technology Revolution means. More power to the individual, decentralized control. Stuart if i see netflix reporting over 150 million subscribers worldwide, i think the stock goes up. If it is well under 150 million subscribers worldwide, i think it is going down. Youre turning your nose. Susan were expecting five million new subscribers in the quarter. Five million is actually slowest subscriber adds since october of 2015. Stuart rate of growth. Susan people that need netflix already have it. 4. 7 million of those five million will come from outside of the u. S. I think the u. S. Is already pretty much supported the amount of Netflix Subscribers that maxed out the service with a lot more competition coming online. Stuart so im looking for 150 worldwide subscribers. Will i see that . Usually they will hit that market, big guidance forward. That always impacted stocks. A lot of volatility on stocks earnings day as well. 4 00 watch fox business. Well cover netflix and independent bm. I think they come out the same time. Marc, appreciate it. Short and sweet. Midsummer. There you go. According to some democrats the Border Detention Centers are concentration cams, migrants are drinking out of toilet. You heard that our next guest was at the same delivery delivering supplies when the democrat were there and they didnt want to help. They were there for a photoop. Joe biden lead among democrat candidates is fading. The his lead in New Hampshire all but vanished. Well get into that with martha maccallum. I. C. E. Agents successfully arrested two members of the ms13 gang in new york on island. With them was assemblyman mike lapitry. He will tell us the story later this hour. The second hour of Varney Company just getting started. This is the couple who wanted to get away who used expedia to book the Vacation Rental which led to the discovery that sometimes a little down time can lift you right up. Expedia. Everything you need to go. past them because she didnt sknow they were talking to her. G and she would just walk right deborah i just could not hear. I was hesitant to get the hearing aids because of my short hair, but nobody even sees them. avo our nearly invisible hearing aids are just one reason weve been the brand leader for over 70 years. deborah when i finally could hear for the first time, i started crying. I could hear everything. avo call 1800miracle to start your 30 day riskfree trial and schedule your free hearing evaluation today. Todays Senior Living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. And theres never been an easier way to get great advice. A place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a perfect place. A place for mom. You know your family we know Senior Living. Together well make the right choice. Stuart now were down 20 point on the dow. We havent seen that much Stock Price Movement thus far this wednesday morning. The price of oil down to 57 a barrel. Well get the number of Oil Inventories at 10 30 this morning. That could move the markets. Well see. All right. We have the el chapo sentencing. Ashley we do. Got exactly what prosecutors were asking for, life sentence plus 30 years. He gave a statement prior to that sentencing, sentence being handed down. He just complained of the torture he has been in with no proper sunlight or decent water to drink, blah, blah. He was charged, found guilty on a slew of Drug Trafficking charges as we know. But there it is, the end of the story, assuming he doesnt escape he will spend life in prison plus 30 years. Stuart never comes out. Ashley for the huge, as we know, cocaine drug ring king. Stuart just happened . Ashley just happened. Stuart thank you, ashley. Ashley youre welcome. Stuart our next guest went to the border to see the crisis herself and supply food for migrants. When she arrived, several democrats were there looking at the detention facilities. I want to bring in abby johnson. This lady went to the border with a truck full of supplies and saw democrats who were visiting. What did the democrats say you walked up to them, offered the help, the supplies for the people in the centers . Well i broke up their press conference and basically went to them, you know, if you really want to help these immigrants who you say youre here to help, we have an 18wheeler full of supplies. We would love to have your hands to help us unload all of these items. And they looked at me, smirked, rolled their eyes and said, well, we dont have the time. We have another press opportunity that we must get to. Stuart they left it at that . They didnt help with the supplies at all . They did not. Now they said they didnt have time but they spent another 30 minutes talking to the press while we were unloading the trucks. So they did have 30 minutes for press but didnt have any additional time to help unload the items. Stuart you saw these same detention facilities the democrats saw. Some democrats have talked about about being forced to drink water from a toilet. One member of the squad said it was like a cons tracks camp. How would you describe the facilities that you were delivering supplies to . Look the facilities are overcrowded. There is absolutely no getting around that. Border patrol is doing the best they can with the staff that they have and very limited amount of facilities that they have but nobody is drinking from toilets. No one is being experimented on or dying in gas chambers as they did in concentration camps, the real concentration camps. Theyre working hard and we definitely have a problem. I mean we have a problem at the border. Nobody denies that. We have a huge influx of people coming in. Weve got to find a solution, but it was very clear that day this the democrats were not interested in finding a solution right then, right there, for those children who were in desperate need of supplies. Stuart would you say you were politically motivated . No. Not at all. We were there, i have a, my calling is to help mothers and children. No matter what we believe about the border issue there are children who are dragged into this situation. They are completely innocent. They need their basic needs met. That is who we were there to help. Stuart what supplies did you give them . We gave them over 120,000 diapers. We gave them tens of thousands of cans of formula. Blankets and bottles and so many different items. Pacifiers, so many Different Things that children would need. Even toys. You know, these, these chirp, they, everything that they have is generally taken in detainment. As they are processed through. We wanted to put a little joy back into your life. Stuart who provides the money or who provides the diapers and the formula . Well you know, it was interesting is, we really felt a call as prolife people to take care, to try to bring a solution to this crisis and to help these children, so we set up a registry. We were able to raise over 120,000 in supplies that we took down there in an 18wheeler. The 18wheeler donated by a proleifman. I own a trucking company. I will drive it down for you if you can pack it up. So we had two registries going. We filled the truck. We were able to unload it in four hours. It was hot down there in mcallen, texas. We did it. We just, we just feel really honored we were able to help so many children that day. Stuart abby johnson, we think youre all right. What a great effort. Appreciate it very much. Fewer people are using uber and lyft cars in new york city . Can you guess why . Well tell you of course. Facebooks libra chief is back on the hill. Were watching it so you dont have to. If there is any fireworks, well bring them to you pronto. Stay right there, please. Hey im bill slowsky jr. , 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 call it the dog days of summer if you like. It is getting hot out there. Were down 20 points on the dow, 27,300. A tweet from President Trump. Here it is. After a 10year search, the socalled mastermind of the mumbai terror attacks has been arrested in pakistan. Great pressure has been exerted over the last two years to find him. The president is referring to saiid, the mastermind of that attack in 2018. That attack, series of attacks, left 174 people dead 11 years ago. Now this, uber and lyft having big trouble in new york city. I wonder if the trouble could spread to other cities. What is the problem, susan . Susan so many. Higher minimum wage. Surcharges. Limit of new licenses doled out to ridesharing drivers. You combine all of that last three months, uber recorded 8 less rides, during a pretty strong period from march, april, to may. Lyft is facing same thing as well. Theyre down 17,000 rides from what they saw in march of this year. So those are the combined problems. When you have higher prices people dont want to pay higher prices. It is pretty price sensitive city like new york. You can find alternatives. Take the subway or maybe a yellow cab. This is definitely concerning. Stuart i wonder if those restrictions spread to other cities where uber wants a free rein. Susan regulation. Stuart the stocks have not moved up. Susan still below their ipo prices. Stuart both of indeed, thanks. President trump said the administration will look into google as peter thiel called googles alleged activity in china treasonous. Well bring more. El chapo, the mexican drug lord, sent to life in prison, 30 years, no parole. That is the maximum the prosecutors asked for. News coming thick and fast today. Back after this. 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 youre smart,eat 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. I comparison shop for everything to get the best deal. Gas is 6 cents cheaper here. Sale rack no and, for loans, i go to lendingtree. Com. I wanted to consolidate my credit cards in to a personal loan to pay them off faster. Lending tree made lenders compete for my business and i ended up with a loan that saved me over 9000 and no more credit card debt. I mean 9000 its a lot of money. Lending tree, may the best loan win. Ashley i picked this one . Stuart i picked this one. Ashley oh, boy. Stuart this is my pick. Susan this is your pick . Stuart dont say anything, susan li. Susan im not. I dont know the song, sorry. Stuart im picking these beatles songs from here on out, because i know the beatles cannon, our juvenile producers, i dont mean that, youngsters, the youngsters dont know beans about the beatles, moving swiftly along. How much oil have we got in storage . How much did we draw down, how much did we use . Ashley 3. 12 Million Barrels. Half a Million Barrels more than expected. So were using more oil. Stuart so the price goes up a little . Ashley not huge reaction. One cent. Stuart now it is dead flat. You cant win in this business. Ashley you really cant. Stuart shall i say this no movement in oil prices. We drew down 3 Million Barrels. Now weve gone back up again. Oh. Stuart secretary of state mike pompeo says iran might be willing to negotiate. Now that did move the price of oil yesterday. Susan it did, thats right. By about 3 . Oil fell around two dollars or so i should point out that iran came out and say rejected pompeos optimistic statements. Having said that, i think President Trump made a very important statement about these negotiations yesterday, he said a lot of progress has been made. He is not looking for regime change in iran. I think placates top tier of the iranian government. Another mover, another factor for oil prices. 74 of production come online in the gulf of mexico after barry. Stuart were on track, okay. 57 a barrel this morning. Got it. Now this. President trump backed peter thiel and his calls for google to be investigated over its ties to china. Gordon chang is with us. He is the the guy we turn to for information on china. Is peter thiel on to china about something should be veried . Peter thiel is right overall, google knows or doesnt want to know its research in china is directly pipelined into the Chinese Military. It has the Google Ai Center in beijing t has two cooperative partnerships, one with peking university and another university and trying to get with a university of science and technology of china which is a partner in a quantum lab in a province where the Chinese Military is involved. Because of this Civil Military fusion, there is no distinction anymore between civilian and military research in china. So google knows what it is doing. At same time, stuart, it refuses to the cooperate with the pentagon and a. I. And cloud computing. What google doing is not illegal. It is certainly near treasonous. What has to happen with President Trump to criminalize it with an emergency order. Stuart that is quite a step that would be a big deal. Chinese military, Senior Officers twice talked about unprovoked attack on u. S. Navy and global commons, one talked gleefully about killing 10,000 americans. While it woo hurt u. S. Research. We have to understand our cooperation in china is directly leading to increasing the capability of the Chinese Military to harm our people. Stuart that is a strong statement there, gordon. Wellsaid, got it. President trump says we have a long way to go for a trade deal with china. We havent heard much about these trade talks recently. Can you give us a status report. Where are we . Trump is absolutely right about that. Xi xinping the chinese ruler, appointed the commerce minister a hardliner to the trade delegation. He has been making some pretty belligerent comments in public recently. So clearly what xi xinping is saying, i dont want a trade deal. There is a lot of reasons why xi xinping probably thinks that. One of the reasons are internal reasons, politically. Also i think because the chinese economy right now is so fragile it couldnt handle a trade deal at least in the short term. Stuart okay. Can i just go back to peter thiel and google . You said that the President Trump should stop this with an executive order . What dud say you should stop it with . An executive order. Congress should enact legislation. Legislation takes a long time. What would it say . Google, get out of china . Google and everybody else on tech cooperation which has military cooperation which is most of their cooperation. That is no longer permitted. Stuart that is a major step. That would completely disrupt the trade talks. Yes. We have to remember china is already harming our military personnel. They tried to bring down a c130 last year in djibouti, in the horn of africa. They are trying to kill the crew. We have to understand it would be nice to be able to cooperate with china on tech but we have to understand the implications of our cooperation, how it is directly affecting our military personnel. By the way the chinese are going after our diplomats with the sonic attacks. Brain injuries. This country wants to harm americans. We have to understand the nature of our cooperation and the implications. I know people dont want to do this but we cant turn our eyes anymore. Stuart hardline gordon chang. Thanks for being with us, gordon. We listen to what you got to say. Thanks, stuart. Stuart now this amazons prime day event is all wrapped up now. I want to know how successful it was. So susan, give me some numbers. Susan huge, surpassed black friday and cyber monday combined. 175 million items moved. Get this, they sold 200,000 televisions, 300,000 headphones, one million toys and 350,000 Luxury Beauty products. Bestselling item in the u. S. According to amazon was a life straw personal water filter. Did you know that . Yeah. The instant pot of course was half off. I bought one as well. All transparency. Health kits, 23andme ancestry kits were top selling items. Stuart they do not release the number . Susan 175 million, definitely the 6 billiondollar range. Stuart that is up there where they wanted to be. Susan, thanks very much. A number of states filed a new lawsuit against the Trump Administration salt policy. Ashley the cap on the salt deductions. Stuart state and local taxes. New york, new jersey, connecticut, filing a lawsuit. They done this before, but theyre adding to it, basically saying it is unconstitutional. They say, accuse the Trump Administration waging economic civil war on these, on these states, saying it is favoring republican states over democratcontrolled states. Basically it is using the irs as a political weapon and this is absolutely unconstitutional. Stuart wonder how far it will go . Ashley it is interesting, very interesting. Stuart look there is awful lot of people love to get rid of salt. Ashley we live in new jersey, connecticut, weve been hit hard by it. Stuart murdered by it. Ashley absolutely murdered. Stuart our producer is saying why dont they lower property taxes. Ashley thats true too. Stuart why dont they lower income taxes in the state. They never do that. They raise taxes on everything. It is just hopeless. Ashley we cant move. Interesting to see how far this goes, youre right. Stuart im calming down. Ashley relax. Stuart relax, stu. Come on, it is midsummer. I. C. E. Agents successfully arrested two members of the ms13 gang in new york last week. Along for the ride was long island assemblyman. He is on the show. He will tell us about his experience. Family members of the Ethiopian Airlines Crash Victims testifying before a committee on capitol hill today about aviation safety. He says it is all about the max jets. We have an update for you on that next. All right brad, once again i have revolutionized the songwriting process. Oh, here we go. I know i cant play an instrument, but this. This is my forte. Obviously, for auto insurance, weve got the wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Yeah, actually. past them because she didnt sknow they were talking to her. G and she would just walk right deborah i just could not hear. I was hesitant to get the hearing aids because of my short hair, but nobody even sees them. avo our nearly invisible hearing aids are just one reason weve been the brand leader for over 70 years. deborah when i finally could hear for the first time, i started crying. I could hear everything. avo call 1800miracle to start your 30 day riskfree trial and schedule your free hearing evaluation today. Stuart new york state assemblyman from long island, he road along with i. C. E. Agents as they went after ms13 bank members. How about that . The assemblyman is with me now. Mike, you were on two raids, think. Thats correct. Stuart tell me what did you see, what did they do . We had dozen officers geared up, ready to go where we surveyed different individuals. This is targeted enforcement. I want to be clear, this is targeted enforcement people here illegally who committed crimes. Stuart they were ms13 gang members . Did you know it beforehand . Absolutely. Those who are affiliated with ms13, committed murders in native countries, wanted by interpol for murder acts in their native country. That is what we went after. That is what i. C. E. Does, targeted individuals. Stuart how many gang members did you get . Two raids, went after two specifically individuals. The first one we suited up about a dozen officers. We surveiled the target. At that point in time we identified the target. We swooped in there, arrested the person. Surrounded him with approximately dozen agents geared with bulletproof vetses ready to go. These are men and women in our Community Just like you and i. Stuart but this one person, the first guy he was here illegally . He was here illegally, he commit ad murder back in his native country of el salvador. Stuart the second raid for another individual. This second raid was a sex predator, who fondled two children back in 2005 in virginia. He was arrested, then sentenced, then deported. He came back thereafter, reentered illegally. Then commit ad dwi in our communities that who we went after. This is not in wealthy neighborhood. This is in affluent neighborhoods as well. These people are next door. Stuart in the new york area we hear this is awful, it is sanctuary city, you cant go after these people, but how much coverage was in the local media for the raids that you went on, and people you took in . Get any coverage . I havent seen anything . You know why . Doesnt fit with the narrative. That is the problem, why i did this was to see the truth. To see actually what is happening with boots on the ground. You have a lot of radical democrats pandering votes instead of focusing on facts that is occurring what i. C. E. Is doing for our communities. Stuart did you meet any opposition on these raids . Anybody trying to protect the people youre going after . Actually in these circumstances because i. C. E. Is present, because they realize they have the area surrounded we didnt have any sort of rebuttals, nevertheless these men and women day in, day out, put their lives on the line protect our communities, they are prepared for that for anything. Stuart mike, thanks for joining us. That was dramatic stuff. Appreciate it. Thank you, stuart. Appreciate being on. Stuart thank you. Dramatic testimony to bring to you from the house transportation subcommittee looking into the max jet crashes. Kristina partsinevelos has more from our newsroom. Whats going on there . What do you see . Boeing is the center of the focus as well as members of families, victims in these crashes. One person, paul, 35 years old, an investment professional, he spoke about losing his entire family, his mother, his wife, three children. Listen what he had to say about the pain he is enduring at this moment. I think about the last six minutes a lot. My wife and mominlaw knew they were going to die. They had to somehow comfort the children during those final moments knowing they were all their last. I wish i was there with them. He went on to say that a 6yearold. His nine orlando always sings. His motherinlaw was 40 year retired teacher. His wife was a fulltime accountant. He is left alone. He called on going to change their practices. He believes there should have been more responsibility on behalf of boeing. He also believes there should be more responsibility on behalf of the faa the federal aviation association. This is in the last 15 minutes or so before i came to set, he said boeing invested, repurchased stocks, instead of focusing on the safety of their planes actually. So what we do know is there is some preliminary testing showing both the plane crash in ethiopia, which happened march 10th, 2019, and plane crash in indonesia which happened in october 2018 show signs there was an issue with the Automated System inside that pointed the plane, the nose of the plane downwards. Pilots tried to override it unsuccessfully. 346 people have died on both plane crashes. That testimony you just heard, along with other victims, they are filing a lawsuit accusing boeing of negligence. Well bring you more. It is still ongoing as of this moment. Stuart kristina partsinevelos. Thank you very much indeed. New polls show joe bidens lead among democrat candidates narrowing. The latest sure say shows Kamala Harris seized the top spot. That is in california, her home state. Martha maccallum will take us through all of this. She is on the show next. Prevagen is the number one pharmacist recommended memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. 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. Stuart sudden drop for the market, what, 10, 15 minutes ago we were down 20. Now were down 85. Were back below 27,300. 27,250 to be precise. Joe bidens lead over senator Bernie Sanders and senators Elizabeth Warren, that lead is fading. The new poll shows biden leads by just five points. It was a lot bigger lead than that previously. In another poll, this from quinnepiac, in california, Kamala Harris leads, followed by biden, then Bernie Sanders, and Elizabeth Warren. Okay. Kamala harris leads in california. That is her home state. Susan better, right . Stuart i get the impression joe biden is fading. If Kamala Harris shouldnt do well in california should hang it up. Obviously she has been very successful there. New hampshire is very interesting, right . It will be the first state out of the gate and you see biden losing steam. He is only five points ahead in New Hampshire as you said, according to one of the latest polls. Then you have got harris, 17. 5 , in that, warren at 16 . Youve got sanders at 9. 9 in New Hampshire. Stuart thats crazy. Bernie sanders is losing some steam here. I think youre seeing residual fact of the democratic debate. It was not a impressive moment with a couple of exceptions. A strong nice moment of Kamala Harris when she went up against joe biden. You had several strong moments the next night when Elizabeth Warren is there. Elizabeth warren is a candidate New Hampshire will be very interested in going forward. She is from a neighboring state, massachusetts. Biden continues to trip up. He continues to look backwards towards obamacare. He waffled his position whether or not he is in favor of medicare for all. He said i will not raise my hand at anymore of these debates. Cnn obliged, we wont ask you any questions. Also, we have to remember that the old rule, which is that nobody pays attention until after labor day. You have to, what happens after labor day i think those polls will be the ones that well start saying were starting to see movement here. Stuart of course President Trump has described joe biden, i mean sleepy joe, those insults, he said he is feeble. What do you say to that . Is there a perception that older man . He is. But i really dont think, im not just saying this with you, stuart, age is just a number. [laughter]. Ashley oh, boy. Age is a number, right . Look at people in the 80s who are super sharp. Joe biden shows his age a bit. He has been through a lot. I think President Trump is an expert at sizing up peoples weaknesses, labeling them with a name, it sticks to them. Look what he did to jeb bush. Look what he did to marco rubio. He is basically pushed everyone off the stage giving them a nickname that perhaps some people at home in the audience were thinking to themselves, then he nails it. It sticks to them. It doesnt go away. Its a powerful stuart he is good at it. The way he being characterized. Stuart this feud between Speaker Pelosi and they call themselves the squad. Yeah. Stuart i dont think that is over. I think it continues. I dont think it is over. I think americans are disgusted with it to be perfectly honest, on both sides of the fence. They dont necessarily like what the president said, what the four women are saying. Most americans lie somewhere in the middle. It is interesting when representative cleaver gave up the gavel and walked out and it never happened in chad pergrams memory. Stuart he has been our producer for decades. He said if this is our government come to, we are in serious trouble as nation. My frustration reflects that of my constituents and the American People as a whole. I thought it was embarrassing what happened between nancy pelosi and all these members squabbling over these terms on all sides. I think people are disgusted with that. Stuart you cant get anything done. If the house is run by the democrats, the democrats are totally split, literally at each others throats, i see what you possibly get done . Throwing a bone to the four women yesterday, saying we want to condemn the president s racist tweets. I think you will see them sort of do the dance but it was very interesting in the interview that cbs did, when they went, alexandria ocasiocortez was asked have you talked to speaker . Our people are talking. Stuart [laughter]. I mean, come on. Congress used to all fit into the building in the capitol. They had tiny little offices. Now they have enormous staffs, takes up buildings up and down the streets of washington. Our staffs are talking. I will have my staff talk to your staff. Stuart youre fired up. No more references to my age. Is that quite clear, mccallum. Thank you, sir. Good to see you. Stuart one, wait for it. One in five millenials expects to be financially reliant on their parents into their 30s. You heard that right, 30yearolds expect to be financially dependent on mom and dad. My take on that coming up. Ashley cant wait. Stuart nearly 1 1 2 Million People have joined a group on facebook that plans to storm the air force base known as area 51. They want to know if there are any aliens there. We are going to cover this story. It will be interesting. Ashley oh, yeah. Stuart why disneyland abandoned, the california theme park is a ghost town . What is up with that . We will tell you after this. Hopes you drive safely. But allstate actually helps you drive safely. With drivewise. It lets you know when you go too fast. And brake too hard. With feedback to help you drive safer. Giving you the power to actually lower your cost. Unfortunately, it cant do anything about that. Now that you know the truth. Are you in good hands . 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 hows this for a headline to get us citizens really riled up in one in five millennials expects to be financially reliant on their parents into their 30s. Repeat, a fifth of people aged 2237 thats millennials expect to rely on mom and dad for money. Now, hold on, im not going to go on a rant about the younger generation. This is not a get off my lawn moment. Oh, no, its not. But i will say it wasnt like this in my day. We baby boomers and generation xers anyone born up until 1980 wanted Financial Independence rather than financial reliance. Back in the day, you saved and sacrificed to get ahead, or at least thats the way we like to talk about the past. Older folks put on rosecolored glasses to look in the rearview mirror. However, i didnt think id see the day when so many youngsters lived at home for so long and went to their parents for money for so long. 1. 6 trillion of student debt, we didnt have to deal with that, and if youve tried to get a mortgage these days, youll know how difficult it can be, especially for youngsters. I understand todays financial problems. But i also understand how millennial attitudes towards parental help have shaped their politics. No wonder bernie pulls in the youth vote with free this and free that. If when youre give when youre giving, there will always be takers, especially when you have parents ready to give. That sense of youthful entitlement is not attractive. But really, whos to blame here . Surely parents have to take a lot of the responsibility. After all, its our money thats being shelled out. We dont have to give. So heres Something Else that the survey found. Most parents said it is embarrassing for their children to stay on the parental payroll the age of 27. Now get off my lawn. [laughter] the third hour of Varney Company is about to begin. Stuart all right. After that little rant i want to bring in trend macros cio. I think he was listening. Hey, free this, free that, that is the name of the game these days. I dont think the country can handle all this free stuff with a trillion dollar deficit. What do you say . Well, theres no such thing as free stuff. Anything thats free to joe has to be produced by jim. And these are given by jim to joe or stolen from jim by joe. [laughter] i think you put your finger right on it. I just want to check and make sure, am i on your lawn . No, okay. [laughter] yeah, you put your finger on it. One of the problems with young adults today is we live in a knowledge economy where you have to stay in school longer. You dont have the resources to put yourself through school. Youre not just born with those resources yourself. You have to either borrow them, get them from your parents or something, so it is a good thing that so many people are getting more of an education right now. Thats going to set us up to thrive in the knowledge economy of the 21st century. The problem is, you put your finger on it, it creates a sense of entitlement. Now, what is so galling to me about it is, you know, im a father, i have a daughter whos 29 years old, shes in law school right now, shes one of these people. But she isnt like the rest of them. Shes not resentful, shes not ungrateful, she doesnt think im a racist or imperialist or a representative of the patriarchal hierarchy. She loves the fact she has this opportunity to learn and become the most that she can be. So theres a dark side and a light side to this. Stuart thats very good, donald. I did not realize, understand there is another side to this. If you have children who are not entitled, but who are gratified by what they get, i think thats another story entirely. Nicely done, donald. Now lets talk about the market. You still bullish . I am very bullish, and ill tell you one of the reasons why, and it ties into your theme here for this segment. When you get to 11th year of a Business Cycle, one of the things that keeps growth from accelerating further is that everybody that could possibly want a job has a job. One of the nice things about so many young people being out of the work force there is a nice thing about it, which is they can come into the work force. And if you look across the entire working age population from 20 to a to 54, there are about 2 the. 53 Million People 2. 53 Million People who arent even looking for a job. How they do that, i dont know. Thats another story. But as the economy keeps growing and maturing, its not like were running out of workers. Weve got 2. 53 million more people that we could seduce out of their parents base withment or whatever it is theyre doing and into the Productive Work force. So, yes, im bullish. This Business Cycle expansion has years to run. Were not running out of the most precious thing in the economy, which is people. Stuart good stuff. Donald luskin, thank you very much sir. I promise well see you soon. Thanks, donald. Great. Stuart disney heiress, Abigail Disney, said she is livid after going undercover to see what the working conditions are at disneyland. Disney saw the report and sent us a response. Ashley they did, indeed. Let me tell you what they said, this is the response disney is at the forefront of providing Work Force Education which is widely recognized as the best to create Economic Opportunity for employees and empower upward mobility. Disney also provides flexible schedules and subsidized childcare. In other words, we do try to look after our workers. 15 an hour as well as other benefits, thats their response to Abigail Disney who said she went undercover to expose these conditions. Stuart take that, abigail. Ashley yes, indeed. Stuart thats the one in california, of course. Looks a bit like a ghost town, doesnt it . Little time for little to no wait time for rides. It does look kind of deserted. Can you explain this, deirdre . Deirdre well, they did have reservations that you had to make for galaxys edge, disney spent a billion dollars to develop this 14acre property, biggest expansion ever. And so the reservations that you would have had to have made have now just expeered expired, but if you have yearround passes, june, july and august, youre blocked occupant. So if your one of these families, you cannot use it in the summer. Thats part of why it almost seems like their reservation system has worked too well. Disney, for its part, you know, says with increased technology weve actually been working to make visits here less aggravating, so we want people to come here and have, you know, fewer the lines, shorter queues, that sort of thing. And they say part of it is our technology and part of it is the strategy that they had in advance of this big star wars opening. Stuart i dont know where people get the moneying for these things money for these things. To take a family of four to disney, youre looking at thousands. Deirdre thats if you stay in disney hotels. Stuart its wonderful stuff, they do a great job, but it aint cheap. Ashley you pay for it. Stuart back to your money. Check that market ashley i figured it out. The big train company, traveling company, says that they cut their profit forecasts, revenue outlook, also they missed, had less quarterly profit than they expected. That brought down all the other train stocks, also hurt the transportation index as a whole. And industrial stocks as well. And they say it was traderelated. That kind of sent out some warning bells, so thats where the weakness came from. Stuart on the ball there. Very good, ashley. Congratulations. Were watching bitcoin too especially after Facebooks Libra hearing yesterday on the hill. It was really panned. So bitcoin actually shed about 1,000 just since yesterday. Its back up 100 now but 9. 6 is the price on bitcoin currently. Coming up, im going to talk to a bitcoin bull, says its on its way back to 20,000 a coin. I want to say what hes saying now. And nearly 1. 5 Million People have joined a group on facebook that plans to storm area 51. Georgia congressman, i want to know what would happen if people really did storm the air force base. Mr. Loudermilk is leading the air force. Bernie sanders wanted to give a major speech about his medicare for all plan later today. He says itll cost 3040 trillion over ten years. Is that a better alternative to bidens obamacare 2. 0 . Well tell you all about it. All right brad, once again i have revolutionized the songwriting process. Oh, here we go. I know i cant play an instrument, but this. This is my forte. Obviously, for auto insurance, weve got the wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Yeah, actually. past them because she didnt sknow they were talking to her. G and she would just walk right deborah i just could not hear. I was hesitant to get the hearing aids because of my short hair, but nobody even sees them. avo our nearly invisible hearing aids are just one reason weve been the brand leader for over 70 years. deborah when i finally could hear for the first time, i started crying. I could hear everything. avo call 1800miracle to start your 30 day riskfree trial and schedule your free hearing evaluation today. Stuart weve got science stuff from eln musking, the tesla guy. He wants to hook your brain up to a computer. Thats a very big deal. If you could establish an interface between your computer and your brain deirdre it is a big deal, and its already happened with a monkey. They have been doing experiments, and a monoto key was able monkey was able to control a computer with his brain. The idea was to try to alleviate chronic medical conditions for people. Hes taking it a step further with this idea of working computers. He says he wants to see a chip implanted into a human brain as early as next year to kind of link up the human brain with these Artificial Intelligence protocols. Stuart so its a chip in your brain. Deirdre thats exactly that. We talked about it yesterday in sweden, so its like that just in your brain instead of your hand and not to pay for things but, rather, to communicate with computers. Stuart that is fascinating. Deirdre and the fact that a monkeys already done it, i feel like i have chills here. Stuart who makes the chip . Who controls it . Ashley huawei. [laughter] stuart speaking mandarin in no time. Deirdre i was just going to say [laughter] stuart im going to Talk Health Care for a moment. Joe biden, we heard it, joe bidens plan, obamacare 2. 0, costs can 750 billion over ten years. Now were going to get bernies plan this afternoon. The cost there is 3040 trillion over ten years. Matt schlapp, American Conservative Union chair, usually a frequent guest on the show, but hes been a stranger for a long time. I dont know why but welcome back. Good to see you again. I cannot believe that the United States of america will accept a 3040 trillion plan. I just cant see it, can you . Yeah, i agree with you, stuart. Especially if you consider the fact that for most americans, the obamacare experience has been a real failure. The only thing obamacare really did in the end is drive up costs and drive millions of americans onto the medicaid rolls, which is the worst with way to get your health care and to get your health insurance. And for people like me and millions of others who were in the individual insurance market, the problem was never solved. The only thing that happened was those premiums went up and up and up, and all these democrats are running on is is more centralized planning for your Health Care Choices out of d. C. Stoort i think its a terrible political strategy, the way its fully explained you cant have this and you cant have that, but youve gotta pay this. I just dont see it as a winner. Im just going to put a poll up on the screen. This is from New Hampshire, and this shows biden only five points ahead of bernie and warren. Theyre together on that one. Only five points ahead. So point number one, why is biden slipping . If point number two, how come bernie didnt do better in his own backyard . And Elizabeth Warren too . Whats happened . Yeah, no, its a great question. And the real thing about joe biden thats interesting is he gets really strong support from the africanamerican community, but over time you have to wonder if he can hold that support, or does that support switch to Kamala Harris and cory booker and other of the younger progressives . And for bernie and for for Bernie Sanders and for Elizabeth Warren, you can really see that they cant really both be in the race. You need one of these avowed socialists to really take on biden who was once a frontrunner but really isnt a frontrunner anymore. The other thing thats interesting in these polls, stuart, is the old white guy effect, people like me. It seems like there are a lot of democratic voters who are willing to consider biden first and bernie second. So as biden continues to come down, one of the main beneficiaries of that could be Bernie Sanders. Stuart it could be. What do you make of President Trump with pelosi, Speaker Pelosi going after the squad and the squad going after nancy pelosi . Thats a nasty fight that continues. Seems to me that President Trump emerges as the winner, certainly to his own base. Yeah, completely right. The democrats believe everything is about racism and racism is everything. And the American People actually have done a fantastic job of healing a lot of our racial wounds. We passed three constitutional amendments, we got through the civil war a century ago s and were in a place where we want to get beyond these questions. The democrats want to pull us back. And as far as President Trump is concerned, he is worried that the squad doesnt seem to be proud of america. Theyre not proud taking a knee on the pledge, we had this whole controversy about nike pulling the betsy ross flag down. I think American Voters have had enough of this idea of running down america. Its the greatest country on the globe. Stuart did you see Jesse Watters on the five, he issues a challenge to aoc, just say one thing the nice about america. I dont think shes responded yet. Quit comparing our cops and our Border Control to nazis and the purveyors of concentration camps, quit making the jewish people feel unsafe, that theyre not going to have a homeland in israel and be respected. Stop all of this hateful rhetoric, and maybe just maybe we can find a way to help america solve the problems of the American People. Stuart that was a fine performance, matt schlapp. Please do not be a stranger on this program ever again. Never, never. Stuart see you soon. Thanks, matt. Check amazon, they are seeing an uptick in internet surges to cancel their prime subscription. Shoppers who signed up over the weekend got the free deals, and then they canceled their subscription. Some people did that. Okay . Dont think thats had much of an effect, although amazons stock has dropped below 2,000 a share. We are watching netflix, reporting their earnings after the belled today. All eyes are on subscriber growth, thats the make or break number for netflix going up to that report. Theyre down 3. Keep it on fox business, after the bell will give those numbers for ibm, bay, etc. , etc. , 4 00 this afternoon on this network. Its, didnt know this, its world emoji day today. Ashley oh, great. Stuart apple has unveiled 20 of the 59 new emojis which come out later this year. New designs include a walking cane, a wheelchair and a hearing aid. Other emojis say samesex and interracial couples and a yawn emoji. [laughter] okay. Its gotta be news. How would you like free beer for life . Busch offering customers the ultimate prize, but youll have to work for it. Ashley forget it. Stuart we tease it going into the commercial break and give you the answer after the break, and thats exactly a exactly what were going to do. Were the slowskys. We like drip coffee, layovers and waiting on hold. What we dont like is relying on fancy technology for help. Snail mail we were invited to a y2k party. Uh, didnt that happen, like, 20 years ago . Oh, look, karolyn, weve got a mathematician on our hands check it out now you can schedule a callback or reschedule an appointment, even on nights and weekends. Todays xfinity service. Simple. Easy. Awesome. Id rather not. Stuart to honor the 50th anniversary of the apollo 11 mission, the Washington Monument in d. C. Turned into a lifesized saturn 5 rocket. Not actually, of course, it is a projection. Tonight and tomorrow night it starts at 9 30 p. M. , thats friday and saturday night. That looks real. Id love to see that. I think they projected taking off over the weekend. Deirdre that looks cool. Stuart busch beer, part of anheuserbusch, of course, has launched a popup bar in the middle of a u. S. National forest. Theyre doling out free beer. Whats the catch . Deirdre the catch you actually have to find the popup shop. So on july 16th youre going to begin to get clues. Its a huge scavenger hunt, basically, and the prize is you can win a lifetime supply of beer. And on july 19th, thats your cutoff date. You have from the 16th19th to participate, but from a marketing standpoint, this is all about the company wanting to project itself as the beer of the great outdoors. Stuart wait, does anybody who finds this beer deirdre from what i understand, if you find it, you get the lifetime supply ashley is it the first person . Deirdre from what i understand, if you find it, you get it. Stuart and it doesnt matter how many people find it . Deirdre it doesnt have a limit. Other prizes will be awarded to visitors, so i guess if youre a little behind ashley id send up a drone to look for it. Stuart thats a good idea. Smart guy. Probably cheating. These National Forests are pretty big. Ashley they are. Theyre pretty thick. Stuart have you ever seen the adirondacks . Its the size of europe. [laughter] okay. Heres something im going to repeat. One in five millennials expects to be financially reliant on their parents into their 30s. Yes, you heard that right. What do you think Charles Payne thinks about that . Were going to find out in a moment. Dto experiencer gthrilling performance. Now, at the lexus golden opportunity sales event. Get 0. 9 apr for 60 months on all 2019 models. Experience amazing at your lexus dealer. Stuart weve got a 6046 point loss fore dow industrials right now. 60point loss. Csx, transportation company, weighing rather heavily on the dow jones average, and its now down 60 points, as we said. I said i was done beating up on millennials, but ive got Charles Payne with me [laughter] i want to know what he thinks about what i was saying earlier. Okay. Let me fill you in. You know what im saying here. Onefifth of all millennials say that theyre going to be reliant on their parents for money into their 30s. I said im not real keen on that right. Stuart but i do understand it. Where are you coming from. I was watching, and i heard what you said. I dont buy this whole woe is me thing with those folks who have a college degree. They are going to do extraordinarily well unless they have a degree in poetry or Something Like that. [laughter] i do feel bad though for people who are going to college for two years and dropped out. They dont have the degree, but they have the debt. Just last friday when the jobs report came out, the most astonishing figure of the whole thing, some college, 400,000 out of the labor force that month. 500,000 less employed that month. It was all made up by people who had less than high school, high school or college degrees. That is the fault line. Stuart i dont see what you mean. More people without college some college. They went a year or two and dropped out. Stuart yeah. Theyre the ones who are getting crushed in this economy. But if you get a degree, for the most part, and theres a ton of surveys including one that came out from the fed last week that suggest youre going to make at least a Million Dollars more than the high school graduate. Maybe getting off the ground is a little tougher, maybe if you live in new york city its going to be tougher, maybe if you insist on watching the big concert my son is at the lower end of the millennials, very lower end. I mean, you know, listen, him and his buddies flew to miami earlier this year for a threeday rap concert stuart did you pay for that . I paid for that. But he is working a summer job right now in california. Hes working with venture capitalists out there, hes stuart youre squirming a little. I am, because i have been an enabler to a degree. Stuart yes, you have. But he is grateful, and im hoping that he comes out [laughter] im hoping that he rocks and rolls. I tell him, listen, my man, notting hill stuart london. He goes to college in london. Stuart thats expensive. Did you send him over there . Yeah. Stuart you paid for the rap concert in miami . Yeah. Im one of those dads. Im an enabler. But he is studying international business, he has friends in a lot of countries, hes going to spend christmas in angola with one of the richest families in angola, so hes making connections, and i think its going to pay off. Well see. Stuart okay. Im going to let this one go. [laughter] again, im not going to feel sorry for my son. Stuart i did think you were going to say, get off my lawn [laughter] you have Peter Navarro this afternoon, 2 00 2 00. Stuart hes the president s chief trade guy, one of them, i should say, director of the white house trade policy. But youve unearthed Something Interesting about u. S. , china and the postal service. Its called the universal postal union. Anybody ever heard of it . Stuart no. Goes back to 1874. Stuart yes . 1874 stuart and . Essentially, americans are subsidizing mail that comes from china. How much does it cost, you want to know. Between 20132014, it cost 300,000. 170 million, we subsidize mail coming from china. The administrations going to do something about it, peters going to tell us about it on the show. How mindboggling is that . Because they were a poorer country in 1874. We dont need to subsidize their mail anymore stuart did you dig that up yourself . This is what Peter Navarros working on. Stuart when you said hundreds of millions of dollars in subsidies for chinese mail coming to america, thats astonishing. And this is the u. S. Postal service that has to pick this up. Our struggling u. S. Postal ashley which is doing so well right, losing so much money. These are the small things that would never be talked about in the mainstream media, but it plays a big role, obviously, and its trying to renegotiate our relationship with china. We want free trade, but we also want fair trade stuart yeah, we certainly do. That aint fair it aint fair at all. [laughter] stuart thats 2 00 right at the top of the show. Stuart making money with you and Peter Navarro. Great stuff, charles, thank you, sir. You know, lets go to bitcoin. Took quite a dive overnight. Theres been pressure if on the libra, and so bitcoin came down. Youre looking at 9,700 per coin as well speak. Come on in cryptowatcher nam. Youve been on the show before, you said it would go past 10,000. Youre right, it did. Then you said it would go to 20,000 and maybe 50 or 100,000 after that. Give me your prediction now. Thanks for having me. What away said the last time was if the consolidation continues and theres a break to upside then, yes, there is strong chances that the price moves to 15,000 or 20,000. But what we have is a lot of headwind as we discussed previously when i was with you. At the time we had a tailwind coming from libra, facebooks clip to currency project. But now libra is basically a project which has a combination of tail and headwinds. Now we have donald trump, president of the United States, talking about libra, and of course, the currency. We have seen enormous amount of selling pressure coming into it, and that has pushed the towards the 50day moving average for the bitcoin price on a daily time frame. And i think if we break below that, chances are prices could move to 7,000 mark. Stuart okay, so you would not recommend me buying a couple of bitcoins no. No, quite the contrary. I think if you were ready to buy it at 13,000, you should definitely be looking to buy it because it is selling at nearly 40 discount. Stuart but youre in a very dangerous job, arent you . [laughter] an extraordinarily volatile bitcoin price range. And it must be very, very difficult to try to predict whats going on down the ruled. It is stuart hold on a second. Whilst weve got you, look, weve got facebook on capitol hill again today. Theyre being looked at for this cryptocurrency, the libra. What do you say to that . Is the libra going to actually happen . What do you think . Sure. Let me address the first part. Yes, i am in a difficult job in terms of predicting, but bitcoin isnt in a difficult place because, remember, it started at the basement, some guys basement, and now it is on the floor of the federal reserve, and its in the European Central bank. Today the g7 meeting is all about cryptocurrencies which takes me to my second point of libra. The whole conversation is about, okay, how these g7 finance ministers or regulators are going to address this issue. Libra or the facebook has already made it very clear that they wanted to work with the Monetary Policy rather than what bitcoin has done, because bitcoin is unstoppabling. No one can stop it. And now, federal serve, European Central bank and other major Central Banks know we dont want to have a platform which has over two billion plus users which, by the way, pretty much equivalent to having its own country, the population of a country. And to access, to give that access to that platform where they can use the currency to serve the population. So i think that is where the concern is. Now, if you listen to conversations in the capitol hill, they are talking about that, okay, the Current System is working well. Can you tell me how that Current System is working well . Because if i wanted to transfer payment, i am paying a large number of fees to these banks for no specific reasons, just because a lot of middlemen are there. Stuart yeah. No, very fair point. Thats all good stuff. Naeem, ive got to run, but thanks for joining us. You make a lot of sense. For a guy in your position, you make a lot of sense. [laughter] thank you, sir. Well see you again soon. Good stuff. Thank you. Stuart nice pop for gold after fed chair powell says the Economic Outlook hasnt improved since the last fed meeting in june, and maybe thats spurring hopes for a rate cut. Remember that lower rates can make gold look more attractive. Gold doesnt have a yield like a treasury bond. Its up, 1424 is your price right now. Congressman loudermilk is fired up about the squad calling the president racist. He wants to defend the president. Youre going to hear from him in just a moment. And, by the way, congressman loudermilk served in the air force. Well ask him how will the air force respond if people actually do storm area 51 . 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. Stuart President Trump took flak for ws considered a racist tweet which targeted the squad over the weekend. Yesterday the house voted to condemn the tweet as, yes, racist. Congressman Barry Loudermilk joins us now, georgia republican. Lets get right at it, congressman, is the president a racist . I dont believe so. Stuart, i have never heard him say or do anything that you could imply him to being a racist. Look at what he does, look at who he appoints to positions in his own administration. Its solely on the capability to do a job. He doesnt care about your race or gender or any of those factors. You can do a good job, youre going to have a position. You dont do a good job, you get fired. I dont see anything that you could attribute racism to this president. Stuart when i think of racists, i mean, thats a really ugly, nasty human being. Its somebody who wouldnt give this person a job, wouldnt allow this person to marry into the family, wouldnt live next door to him, say nasty things, call names. That, to me, is a racist, and thats a deplorable thing. I think we need to redefine what is a racist. Well, the thing is they have redefined the term racist. There has been racism in this nation, no doubt about it. When i was in the state legislature, i presented a resolution to condemn the act of slavery that happened in the state of georgia. I could never get that thing through. Georgias the only southern state, former confederacy, that is that has never condemned slavery. There are racists in this nation. You can see it among the democrats today, if there is anything on the far left that you disagree with their ideas or you dont agree with their policies, all they do is turn around and call you a racist. Look, nancy pelosi was identified as a racist just a couple of weeks ago. The problem is what does it mean these days . Stuart its a way to shut you up. As soon as you say a racist, oh, thats the end of it, i mean and you cant defend yourself. You cant say, no, im not because of x, y, z. Oh, no, the label sticks and the conversation is over. What a rotten situation. It is. And theres nothing you can say or do to discredit that. I mean, theyre just going to continue to call you that. In fact, the resolution, all the time we wasted yesterday on a resolution to call the president a name, you cant even read the title of the resolution on the house floor. In fact, when you read the text of it, there was nothing in his namecalling in his tweet other than calling some people progressives that was even close to being racist. And so they actually had to put different language in there. They couldnt put what he put in the tweet because it didnt give credibility to their claim. Stuart lets move on. You, sir, are an air force guy, and you know theres a lot of buzz about this storming of area 51 in nevada. Im not going to ask you if theres any aliens in area 51 [laughter] but i am going to ask you what would the air force do if people did, indeed, storm the base . Look, i would highly advise that not even be attempted. Theres a lot of people looking for intelligence life in outer space. Im looking for intelligent life in the halls of congress, to be honest with you with. [laughter] look, this is a weapons testing area. Thats why its out in the remote area of a desert. Theres unexploded ordinance in these ordnance in these areas. The air force is going to do everything they can to keep people out of that area for their own safety as well as for National Security interests. Look, when i was serving in the air force, we had a lot of restricted areas. Theres a big sign that says deadly force authorized. That means that if you cross over that line, the air force Security Police or anyone else, if they they are authorized e deadly force. Now, i dont think they will do that, but i think the air force will keep every precautionary measure to keep them from even getting close. Stuart i really dont think theyll shoot anybody. What they will do is do everything to stop those people from hurting themselves. Stuart so, by the way, as an air force guy, are there any alien remains in area 51 . [laughter] you know the truth, youre air force. Stuart, i can neither confirm, nor deny that there is aliens. Ive never seen one. I have a feeling theres several in Detention Centers right now, i. C. E. Detention centers, but its a different type of aliens. Let me tell you, if there are aliens at area 51, again, some of our colleagues would want to be going over there to give them the right to vote. So stuart did we really land on the moon, or was it elvis . [laughter] i fully believe we landed on the moon. [laughter] look, and also, stuart, the earth is round, okay . It is a atmosphere. Stuart a sphere. Stuart yes, it is. Congressman, thank you very much for being with us. [laughter] thanks, stuart, always a pleasure. Stuart all right. Look at mcdonalds stock, 213 a share. Theyre cashing in on the delivery craze that partnered with door dash and, heres an important point, theyre ending their deal with uber eats. Ashley yep. Stuart the deal with door dash starts in houston at the end of this month. The market likes it, thats pretty close to an alltime high. 214, i think, is the high. Chipotle, a bounce of e. Coli Food Poisoning didnt take them high. Theyre at record highs thanks to new menu items and a loyalty program. Chipotles at 760. I want an update on beyond meat and but apron, announced yesterday theyll be partnering up. Beyond meat is down 3, but blue apron is doing well by associating with fake meat. Happening later today, President Trump goes to greenville, North Carolina, for a big rally. Of we have some numbers that show North Carolina is no longer a deep red state. The president has some work to do there. Hell be doing it tonight. Hey im bill slowsky jr. , 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 it happens tonight, President Trump goes to greenville, North Carolina, for a rally. Hes going to bring some fire after a tough week lee had. Earlier hes had. He tweeted big rally tonight, greenville, North Carolina, lots of things to tell you about including the fact our economy is the best its ever been, bit employment and stock market numbers ever. Ill talk also about people who love and hate our country mostly love. 7 p. M. The president , though, hes got work to do. In 2016 he beat hillary by about three points, but since the election of 2016 his Approval Rating has dropped 21 points in that state. Greg murphy is with us, North Carolina republican state representative. Sir, hes got some work to do. What hes got a lot of ground to make up, hasnt he . Well, i think he has a challenge in front of him, but with, you know, i live in east North Carolina in trump country, and were fully supportive of our president. Weve had a great influx of individuals into the state of North Carolina serving in the state legislature. Weve put lower tax regimens, and weve been really probusiness, so its pulled a lot of people into North Carolina, and some of those folks come from democratic states. So there is an influx of a leftleaning influence. But with the president , what hes doing with our economy and what hes doing for our nation as a whole, i really see him winning North Carolina. Stuart now, the africanamerican population in North Carolina goes 89 to 8 for mr. Trump. That was, that was the election in 2016. Hillary got 89 , trump got 8 . And as i understand it, africanamericans and hispanics combined make up onequarter of North Carolinas population. I think thats what weve got here. So youve got a problem with the Minority Community. How do you get around that . How do you get over that . Well, i dont really look at it as that way, and i dont think the president does also. I think the president looks at the think economy and look at the economy and looks at people being employed, having money in their pockets. Real wages are higher than theyve been in many, many decades. Really what matters to individuals, and its not a race thing, its not a cultural thing, its do i have a job, am i able to provide for my family stuart greg, hold on a second. Look, yesterday the president was condemned in congress by a large vote, and they branded him a racist. That is going to count with the Minority Community of North Carolina. Well, i think thats something thats being pulled and a narrative thats being pushed by the left. I dont believe President Trump is a racist. I think he cares deeply about the people, but i think hes and rightly so infuriated by certain members of congress that want to do nothing but put out a false narrative and tear down our country. And hes done nothing but try to build up our country. Stuart will you be with him tonight . I will. Im speaking this evening. Stuart okay. I dont know whether you know this or not, but can you tell me, are the crowds lining up already . The crowds were lining up yesterday. They slept there overnight. You know, the heat in North Carolina here is pretty hot today, heat index is going to be about 106. But these are this is trump country, and people are literally knocking down the doors to come out and see him. Stuart if you can fill a place with a a heat index of 106, youre doing pretty well. [laughter] greg murphy, North Carolina guy. Thanks for joining us, appreciate it. Thank you so much. Have a great day. Stuart more varney coming for you after this. Dear tech, lets talk. We have a pretty good relationship. Youve done a lot of good for the world. But i feel like you have the potential to do so much more. Can we build ai without bias . How do we bake security into everything we do . We need tech that helps people understand each other. That understands my business. Weve got some work to do. And we need your help. We need your support. Lets expect more from technology. Lets put smart to work. While managing your type 2 diabetes why think about your heart . Lower a1c helps, but type 2 diabetes still increases my risk of a fatal cardiovascular event. And thats why theres jardiance the first type 2 diabetes pill that offers a lifesaving cardiovascular benefit for adults who also have known heart disease. It can significantly reduce my risk of dying from a cardiovascular event. And it lowers my a1c, with diet and exercise. Jardiance can cause serious side effects including dehydration, genital yeast or urinary tract infections, and sudden kidney problems. Ketoacidosis is a serious side effect that may be fatal. A rare, but lifethreatening bacterial infection in the skin of the perineum could occur. Stop taking jardiance and call your doctor right away if you have symptoms of this bacterial infection, ketoacidosis, or an allergic reaction. Do not take jardiance if you are on dialysis or have severe kidney problems. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. So, now what do you think . While my a1c is important, theres so much more to think about. Ask your doctor about jardiance today. Stuart the smoking age in new york state has been raised to the age of, 21. Tell me more. Ashley goes into effect in 120 days. By the way, not just tobacco. Were talking about ecigarettes and vaporizers as well. Stuart youre kidding . Ashley no, im not. Stuart 18, you can vote but you cant vape . Ashley thats correct. Stuart that is accurate in new york state . Ashley vote, but not vape. 95 of all smokers they say began before theyre 21. They are trying to delay it that kids dont start, become addicted. Stuart you can vote at the age of 18 but cant drink at the age of 18. Ashley thats correct. Stuart you can vote at 18 and cant vape. You can be drafted at 18. Stuart you can certainly serve your country and get shot. But you cant have a drink. Ashley 16 states raised age to 21. This is baining momentum. This is a groundswell, 21. Stuart San Francisco outright banned ecigarette sales within the city limits. Remember a month ago it was fleet week in new york city . Ashley. Yes, yes. Stuart a loyal of sailors are walking around. They are well under age of 21. Ashley they cant drink. Stuart you walk into a bar in new york city, dressed like a marine, you can have a lemonade but cant have a beer. Ashley can fight for your country, be shot at but cant drink. Stuart i cant believe in new york city, a bartender somewhere says here you are, son, on me. I would encourage them to do that. Ashley yes. Stuart if you are out there, getting shot at. Ashley putting your life on the line. Have a drink and cigarette. If you want a drink and a cigarette, i give it to you for heavens sakes. Get out of here. Ashley youre my kind of bartender. Stuart has the world turned upside down . Isnt that right, neil cavuto, the world is upside down. Neil it would be if the guy treating. Stuart very good. Neil i dont know. Thank you very, very much, stuart. Were following up on that. Stocks retreating from their highs on some trade tensions. Interesting development on the real estate front. Evidence that the chinese are fleeing the American House market, causing activity to plunge there by 36 , largely because the chinese are really not into it anymore. Were following that. Were following temperatures shooting up. That is sparking fears that power could go down not only in the big apple, but maybe across the country. Big concerns about our nations grid. Were into that. Also amazon is europes latest big