Transcripts For FBC Varney Company 20160711

Towards one side in the racial divide. All of this comes after a tumultuous statement from the fbi chief that Hillary Clinton had been extremely careless with the nations secrets. The president appears tired and worn down by the challenges of his office. The two leading candidates to succeed him are both disliked by record numbers of voters. No wonder our country is on edge. Were hungry for leadership. Monday, july 11th, 2016 our program is about to begin. All right, everyone, well get to dallas and president ial leadership and hillarys emails in a moment. First a look at your money. Look at dow futures, were way back above 18,000, maybe on track for another record high. By the way, the losses from the british exit vote totally gone, way over 18,000 is where we are today. And the s p 500, it is set to open above its previous record closing high. Up again. And how about the price of oil, down again . Were looking im sorry, up slightly today, but at 45 per barrel. And here is the number thats troubled so many people. The yield on the 10year treasury, were now at 1. 41 . Close to those historic lows we reached last week. What you make of that number and what does it mean for our economy, and our society Going Forward . How about the stock of the day today could be amazon. Its closing in on 750 per share as of this morning. Liz macdonald amazons prime day. Thats tomorrow. Prime day is tomorrow. They say it could be bigger than black friday liz yes, it could be bigger than the event last year. So amazon could possibly double its sales, estimated 400 Million Dollars in revenues in one day. So, wall street analysts are ballparking maybe 800 million. Maybe a billion dollars, we dont know yet. 400 deals a second. So, prime day coming now, there are discounts on amazon right now. Amazon is in a sweet spot. Stuart youve been nodding vigorously tammy. Its success and an incredible amount of money and you provide something the American People want, its going to go through the roof. Its fabulous. Stuart let me sum this up. Stocks up to near record highs, Interest Rates down to near record lows and amazon may be the stock of the day, may be hitting 750 per share. A perfect time to bring in art laffer, former reagan economist. My only explanation for the surge in the stock market, art, is that we are the worlds safe haven. What do you say . Well, i really i dont know that thats it, but let me just say that stock markets tell us what will be and what is. And thats the collective forecast of the future of the u. S. And i think of the politics, thats going well. I think the change from obama to the next administration will be spectacular, and i really see the outlook for the u. S. Very, very positively. Stuart now, thats interesting. I mean, i thought that all this money thats pouring into treasury bonds, for example, and pushing yields way down, that was a sign of flight to safety. We are the safe haven. And to some degree, thats true about currency and true about stock markets, no . Well, there has been truth in it in the stock market as well as the bond market. You look at the u. S. Dollar, its appreciating dramatically. If youre foreigner and you held the u. S. Bonds, thats all very true, but the u. S. Is also looking forward to better outlook for output, employment and production and in my view, i think were at the beginning of one very, very long bull market that will be spectacular. Stuart you are the perfect guest for 9 04 a. M. Eastern time. The world is in turmoil, but art laffer says were in for a prolonged rally. You had to be there with jimmy carter. This is exactly what happened. The race riot under jimmy carter, the polarization, he was beyond belief. When reagan came in, race riots disappeared and the problem is not police versus black lives matter. The problem is jobs, unemployment, and if it cakes tax cuts, free money, free trade. Stuart im glad you got that in. I have to get back to the dallas story, the attack on police there. We have new details emerging about the suspects, the suspects larger plan. Devastating impact, what the police of chief said. What the shooter was planning. Bomb making materials, ballistic vests, rifles, am no, a journal combat tactics, and keep the enemy confused. And he drove his black heavy tahoe, he was rambling, singing at the scene and write two letters in blood in the parking garage where he was hiding. R period b period we dont know what that means yet. Well give you the details as they come in. Stuart president obama is scheduled to attend the Memorial Day Service in dallas tomorrow, but he says we do not know what the motive was for the attack. Roll that tape. I think its very hard to untangle the motives of this shooter. As weve seen in a whole range of incidents with mass shooters, they are by definition troubled. What sets it off, ill leave that to psychologists. Stuart now, remember, that was the president speaking in poland on saturday. Dallas police chief david brown was very clear when he described the motive on friday morning. Roll that tape. All i know is that this, is must stop. This divisiveness between our police and our citizens. The suspect said he was upset about black lives matter. He said he was upset about the recent Police Shootings. The suspect said he was upset at white people. The suspect stated he wanted to kill white people, especially white officers. Stuart all right, you heard it from two sides there. Now, tammy bruce, the president goes to dallas tomorrow. Can he pull the country tother . Wel he hasn yet. Hes had seven and a half years so the answer is no. This is whats fascinating here. You have a suspect who says i hate white people, i want to kill white cops. A man who says im killing people for isis and al baghdady. In both cases they dont understand the motive yet, mr. Obama and others found it clear to assign motive to every american who is not a person of color of racism. So were racist, but those who state their points of view, they cant figure it out. This is ridiculous, its an insult to every american regardless of complexion. Stuart do you believe that the president has tilted. Theres a racial divide in america, got that, has the president tilt today one side . Mr. Laffers point, it was carter and now. And notice, this is convention month. Weve had some Police Brutality before this yet, its amazing how this occurs in political expedient months. Same with carter, left to distract from their policies to destroy lives. Contrast the president said to bill clinton, i dont know how you would characterize the gang leaders who got 13yearold kids hopped up on crack and send them out in the street to kill and murder other africanamerican children. You are defending a people who kill the lives you say matter. Tell the truth. Stuart we hear it all. Now, i want to move on to donald trump. He, this week, in fact, right now, looking very closely at vicepresident ial candidates. Now, he is going to announce who his pick is at the Republican Convention which starts next week and trump appeared to have narrowed it down to four potential picks. New jersey governor Chris Christie, indiana governor mike pence. Former speaker of the house, Newt Gingrich. And former intelligence director Lieutenant General michael flynn. Well have more on that later on this program. Meanwhile, on the democrat side, Bernie Sanders scheduled to campaign with Hillary Clinton tomorrow. First time weve seen that. Art laffer, i say that Bernie Sanders has very successfully shifted hillary way over to the left. Am i right . I think youre completely correct on that, stuart. She was easy to let go over to the left, too, shes wanted to be there for a long, long time, the only reason she hasnt been because it was politically expedient in the primary to go too far, with bernie shes gone over shes always been a left leaning person. You have to answer the question. You said a moment ago were going to get a new president in november. If its hillary how can i say that she opens up a period of growth for americas economy if youve got way far to the left policies . I dont think its going to be hillary, stuart. Sorry. And i dont think theres a chance that she wins. If you look at the voter turnout and look at the state and local elections, look at the u. S. House and senate, theres been a revolution going on in the lower elections and also in the voter turnout. Republicans in the states before trump was a presumptive nominee, the republican turnout exceeded the democratic turnout by 3 1 2 million, prior to that in 2008 the democrats exceeded in those same primaries, republicans turned out by 11 1 2 million. This is a massive shift towards republican and pro growth agenda and youll see it happen on election day. Stuart all right, art, weve got you for the next half hour and sit tight and well get back to you. I want to bring in sports, its soccer. Youre about to see reynoldo get badly injured. Virtually in tears. And if you look at that, theres a moth that settled on his face. That caught the attention of the crowd. Apparently the groundskeepers left the lights on and they were infested by bugs. And that leaves the portugese, wow, see that, he scores and thats the second part of extra overtime played in the game. Portugal beats france 1nil the first time the Portugal Team i know one thing about soccer, he was named off ronald reagan. Stuart no, he was not. Yes, he was, his father did that. Stuart what a guy, what a great guy. My heart is broken more that hes injured. Yes, he was ronald reagan. Stuart theyre telling me i have to move on from soccer, even though theres a reagan connection. Wherever they are, i find them. Stuart look at this, its a monday morning. A weekend of turmoil and stocks are going to open up higher, up 80odd points, pretty soon well be talking about an alltime high for the dow industrials. Well hold that theme for you. Back in a moment. Really, it has been a tumultuous past week. Look what youre seeing for most of last week. I want to analyze the current state of the nation from several political perspectives. To help me do that, lt. Colonel ralph peters is with me. And hes the author of a new book that ive read and its good. Lets get to the topic at hand. The president is going to dallas for the Memorial Service tomorrow. From his perspective, can he unite the nation . No. You know, the chattering classes and certainly the Washington Press corps cares what the president said. I truly feel that americans have written him off. Not intentionally. Its not a conscious decision, they just see him not as a lame duck, but lame and squandered opportunities and tragically failed presidency and expectations for his visit to dallas are very low. Stuart take it from the perspective of Hillary Clinton. Shes been relatively quiet, i think, over the past weekend since dallas. Can she unite the nation . No, and it wouldnt pay her to do so anyway. This is a loselose situation for her. Stuart what do you mean by that . Well, Hillary Clinton, the left wing of the Democratic Party has betrayed one of the fundamental traits of marxism, but by aligning itself so heavily and relying on a base of people who rely heavily on government handouts and marginal members of society, the democrats have really trapped themselves on this particular issue. Hillary clinton cant come out strong in defense of law and order of the police because shed lose too many votes among an essential parts of her base so shes stuck and you know, to jump a little ahead here, every rock a demonstrators throws at a cop is at least a thousand for votes for donald trump and she didnt know what to do about it. Stuart can donald trump unite the nation . No, were in a bad way, stuart. Now, i think though what donald trump is doing very successfully and to the c consternation of the chattering classes and underestimated the anger out there, hes given voice to traditionally democratic voter, the light blue collar voters, the lower class into the middle class. People are incredibly frustrated and feel utterly ignored. Where i come from coal town, pennsylvania. And my wifes family from upstate new york. Theyre not angry about the 1 . Theyre angry about a sense of powerlessness, a sense that their tax dollars are squandered. Youre better off not working. Last week someone was complaining to me in Northern Virginia theyve got to pay 2,000 a month for their health care under obamacare while people that dont work are essentially getting it free. So, whether or not you think any of this is right or wrong, what matters is the feeling of anger in the land and the anger is by no means confined to black lives matter. The anger is far broader and trump is the winner. Stuart if youve got it right. Ralph, thank you for joining us and putting it in perspective. We appreciate it, ralph, thank you. Let me take you to one particular some thats always very much in the news and thats apple is in the news again. Its been downgraded again. And this was from raymond james. It looks like its going to open fractionally higher. Its 97 a share on that worlds greatest Technology Company apple computers. Hillary clinton will not be prosecuted in that email scandal. Now the focus changes to this. The conflict of interest within the clinton foundation. Were going to discuss that. Huge weekend at the box office for Universal Pictures new movie. The secret life of pets. Its the sixth biggest opening for an animated film ever. You do all this research on a perfect car, then smash it into a tree. Your Insurance Company raises your rates. Maybe you shouldve done more research on them. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Just one of the many features that comes standard with our base policy. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Secretary clinton said there was nothing classified on her emails either sent or received; is that true thats not true secretary clinton said i did not email any classified material, there is no classified material, is that true. There was classified material emailed. Secretary clinton said she used just one device, was that true . She used multiple devices. Secretary clinton said all work related emails were returned to the state department. Was that true . No, we found work related emails, thousands that were not returned. Stuart okay, you heard it. That was an exchange between craig gowdy and james comey on secretary clintons use of the private server. The issues not going awayment tammy, House Republicans want the fbi to look into hillarys lying under oath to congress. Yes, and one. Reasons why were at this point is because the fbi has police sized this entire situation in the first place. Of course theyre not going to do that, were close to the election. Theres a Washington Post poll, abc Washington Post, 56 of americans are dont like the fact that the fbi decided to not indict and 57 of americans worry about what shed do as president if she was elected. This is for how divided americans are this is a huge number. 56 wanted her indicted. They disagree with the nonindictment. She should have been indicted and that poll is out this morning. This means that democrats, republicans and independents, americans across the board. Stuart wow, thick and fast this morning. Is it not . Tammy, thank you very much indeed. And weve got a smartphone game, pokemon. You play the game Walking Around in the real world, you try and find virtual monsters, apparently. Nintendos stock way, way up on this new development. One last check of futures. Looks like another up day for the dow, the nasdaq, the s p, theyre all going up. When that opening bell sounds four minutes from now. Well, lots of anticipation ahead of the opening bell today because we were up big last week and theres turmoil all around the world. Where are we going to open . Bang 9 30 i will tell you that were opening up. 35 points higher, were going up maybe 80 points othe w right from the opening bell. Lets see. Watch it happen on this program. The s p 500, thats already opened, of course. And its opened at an alltime high. That index, 500 stocks in it, never been higher. The nasdaq, home of all the technology companies, where is that this morning . Up 20 points, closing in on maybe the 5,000 level. Its been there before. Many years ago, getting close again. All three major averages have totally wiped out their losses from the british exit vote. The price of gold firmly above 1,350 per ounce, down only a tiny fraction today. Look at silver. Also, its trading higher. Its reached 20 an ounce, barrons has said silver is a better bet than gold this year. How about oil . Around 45 a barrel this morning, up 25 cents. Here is a number, youve got to look at this. This is the yield on the 10year treasury. We are at 1. 1 1. 41 . For those of you listening on the radio i repeat 1. 41 . Smith wesson, sturm ruger, up following calling for stricter gun laws after the dallas shooting. Those stocks have gone up. And how about taser, make the police body cameras, they were up 5 on friday and up 1 1 2 today. This may be the stock of the day, amazon, very close to 750 a share and tomorrow is amazons annual prime day. Thats a new high. It did hit 750, very, very briefly and thats the alltime high for the stock, then we have tesla. The founder is elon musk. He says on twitter, he has a quote, top secret master plan hes going to share later this week. Maybe thats enough to push the stock up about 1 1 2 . It is up today. Netflix, right now, that stock is down 1. 3 , and theres a warning in barrons. They say the stock could call up to 40 . 95 on barrons right now. And look at facebook, theyre facing scrutiny over ethics of the Live Streaming options after they live streamed the dallas shooting last week. 117 on facebook this morning. Who is with us this monday morning to tell us what on earth is going on, make sense of it all. Liz macdonald. Scott shellady, art laffer, Keith Fitzgerald and tammy bruce right there all of you on this fine program. Interest rates record lows and i say that america is the worlds safe haven. Keith, are you going to disagree with me . You know no, im not going to disagree with you. Theres a refinement, its the best looking horse in the glue factory. If a thousand buyers are trying to buy one egg, its going to be expensive and thats why theyre getting bid up. Stuart art laffer, 20 minutes ago you said the market is getting ready for a new president and that president is donald trump and thats why its going up . Are you havent changed your mind in 20 minutes. No, im not. Stuart what about the safe haven argument . When you look at countries like europe. I do not see how europe does well without britain. I think that britain is going to do better without europe and britain doesnt look good at all. If you look at japan. Japan is a basket case. Over the weekend. They reelected the government that has been doing that for japan and reelected them in a landslide. When i look at the rest of the world, pretty bad except for the u. K. And u. S. And what can i tell you, i think were both safe havens and the u. K. Will show that in the next year or so. Stuart scott shellady, i have to ask you about historic low Interest Rates. Especially in america. That is the result of of us being the safe haven, isnt it . Money flowing into the dollar or flowing into our treasury bonds. Is that right . Yeah, its partly safe haven, but youre forgetting another thing, stuart. All the other yields around the world are so low, folks are coming to us to get that on the yield to say that the swift 50year bond went negative last week. Weve got more and more folks flowing our way, not just for the safe haven, but theyll take that because thats not a negative. Stuart yeah, i got it. Virtually no bonds sold at negative yield. More than 13 trillion dollar worth of government bonds, youre paying governments to save. Morality has nothing to do with this, the world seems to be falling to pieces and cant understand the negative rates. Violence all over the place, terrorism breaking out, but the world of money is amoral, is that true . I disagree, i disagree. The reason youve got the negative rates and economic problems in europe and around the world is because of socialism. Its the craven dynamic. When youre moving forward to lift people up youve got a free market and free dynamic, thats moral in and of itself and thats why were the safe haven. Stuart ive got to say that this is the former leftist. Who did i hear in my ear. Make your point, keith. Well said, tammy. Good point. And socialism is a driving thing. Stuart all right, scott. Now, its your moment, say it. We could sum it up in one sentence, where else are you going to put your money . Thats the problem. As long as youve got things happening around the world and not going to get better soon. Well have i think that with the rhetoric weve got going on say from our fed about maybe still raising Interest Rates. Whats that going to do to the multinationals and what they can earn overseas that doing getting stronger is not good news for us at home. Why not . Its dow jones art laffer, whats this . Why is the dollar getting stronger a problem . I think the strong currency means a strong country. Hes right. Stuart but it does reflect on american multinationals overseas. Only in the accounting sense. It doesnt reflect on the well, thats what wall street is i think they care about the economics coming out, not currency translation problems. Stuart got it. I want to move on to individual stocks because some are really moving, for example, amazon. Its that prime day, the big day tomorrow. Major sales across all areas for prime users. Liz, though, i think that some look at that, 751 on amazon, you called it liz i tell you, this stock is up nearly triple. Its one and a half times from 2014. So we would have nearly tripled right now. So, what is happening right now . Target, sears, Banana Republic and walmart coming out with discounts in advance of prime day and walmart doing away with the price its charging for shipping. Its Free Shipping with no minimum. Before, you had to have a 50 minimum. Stuart amazon is driving the price. Keith, im astonished by amazons price, when is it going to stop . I dont think it will. Theyre clearly deck dictating the rules. And creating a holiday, we talked about it valentines day, and halloween. Ten years from now, a major retail trend setter. Stuart i want to look at the board, eight minutes into the trading session, tumultuous week last week, but look, dow 18,200 not that far from its alltime record high. The s p 500, that opened at a record level. And now, look at google. It has updated its maps and maps and its earth app, i should say, get that right. And maps and earth apps upgraded. Theyve got to use super sharp images from satellite and some people think its too intrusive. Its up. And twitter facing more problems. Its founder, jack dorsey had his own twitter account hacked. Graham holdings, former of the Washington Post, they sold to jeff bezos, amazon, up big because barrons said that stock could go up 35 . Alcoa, they kick off this quarters earnings season, theyre up and they get the earnings out. Excuse me, after the bell later on today. Look at netflix again, please. Barrons warns it could fall up to 40 . Nicole of the exchange, why are they warning of such a big drop . Whats the story. Nicole analysts look at netflix, it used to be a hot new streaming company, breaking barriers, gaining new subscribers and the stock was soaring and it was a new eyed and fresh. Now theyre saying that everyone is starting to stream. Its no longer, a scrappy upstart. Its saturated in the u. S. , theyre going to have higher costs abroad. Theyre paying licensing to disney and the like and so the analysts, some of which had a lot of liking for netflix in years past and brought the buys to hold, one analyst, who is a brand new analyst who looked with fresh eyes and put a sell rating on a 80 target, so, jeffries, so, not hot. Not hot. Thats an outcue, i think, not hot. How about this . This fascinates me, a new game from nintendo, called pokemon go. It lets them play in the real world. You use your gps on your phone and literally walk around outside, outdoors as you play this virtual game. The reports have had all types of issue to people finding dead bodies or getting mugged. And the nintendo stock is up 40 . Wow. Stuart have you ever seen anything like that before . No, it gained 7 1 2 million in market valley most since 1983. Stuart this is very, very good news for nintendo, isnt it . Well, i think so. Its great for think company that can create reality with this. People are getting mugged and finding dead bodies. And as a shareholder, wow, great revenue, but very, very concerned how people are engrossed in these things. Look, when you talk about amazon, companies suddenly doing well are the ones that create something new, building, innovating, what else can they do, nintendo, they can do this. Somebody has new ideas. Stuart its innovative. Its flatout innovative. 18, 241, what a stellar opening to the market this monday morning and i want to thank scott, art, keith, and tammy for their participation. Because youre back. Look at those numbers liz thats right. Stuart its great to be back, what a day. Thanks, everybody. Were one week away from the Republican National convention. Donald trump narrowing down his vicepresident ial picks. The newest name on the list, a retired general whos also a registered democrat. Meanwhile, al sharpton says that the n. R. A. Is racist, that the Second Amendment only applies to white people. Well play you the sound bite. You can judge. More varney after this. [bassist] two late nights in tucson. Blew an amp. But good nights. Sure,musics why we do this,but its still our business. We spend days booking gigs, then weve gotta put in the miles to get there. But its not without its perks. Like seeing our album sales go through the roof enough to finally start paying megs little brother i mean,our new tour managerwith real,actual money. We run on quickbooks. Thats how we own it. Well, were up almost 100 points this monday morning. The dow is at 18,242, not that far away from its historic alltime high. The share price of tesla moving upoday nearly 8 higher. And elon musk says he has a master plan for the company, he will unveil it this week, the stock is up. And a British Authority party member, almost a leader, andrea l leetham, dropped out of the race to be Prime Minister. What happened with the spat between the two women liz she attacked because shes not a mother. Shes a mother of three. Stuart thats theresa. Talking about andrea attacked theresa for not being a mother. I generally feel being a mom means a stake in the future i have children who will have children and directly happens next. Shes apologized for that, but the blowback here rangered from disappointing to disgusting and the people of england say we want someone who will unify us. We have 43 years of legislation and trade deals that have to be sorted in. Stuart so theresa may the next Prime Minister, the second female Prime Minister and second conservative. It means it will be a woman who will succeed in the office because shes a conservative. Stuart right and she didnt play the gender game. She didnt. This is where its important, that shes a conservative who happens to be a woman, but people tend to turn to women when they want reform, but at the same time want women who know what theyre doing and i think that shell be very good. Stuart a look at donald trump and his vicepresident ial pick, we could hear an announcement sometime this week, but the question, where has donald been over the weekend since he did put out a statement on friday after the dallas incident, but ive not heard much from him over the weekend. Steve cortez is with uses, ands Trump Campaign surrogate. What has he done over the weekend . I think what hes been doing is carefully planning, as you mentioned, all in likelihood this week. And well get his announcement, i hope i hope its mike pence. Hes travelling to indiana, mr. Trump is and thats a perfect opportunity to name mike pence, one of the great governors in america, a conservative, a dynamic candidate, i think, for the vicepresident sy. I hope hell name him. Whoever he names it will be significant and i think we are going to see, mr. Trump was quiet over the weekend, i think was respectful. On friday, we had the worst day for Law Enforcement in in country since 9 11 and the contrast, i think, of his dignified quiet stance and Hillary Clinton answering endless lingering questions about her email scandal and the majority of americans in this poll, believe she should have been indicted. And shes a wounded candidate and talked about that all weekend and donald trump was respectful of Law Enforcement and angst and pain on our society. Stuart do you think that donald trump he had a bad phase, a bad month. Do you think hes coming out of it. I really do, yeah listen, ill be the first to admit, im a trump surrogate and we didnt have a great june, theres growing pains as he pivoted from the general to the primary election. Hes not an experienced politician. Hes raised a ton of money in june and i think well see a far more disciplined and organized campaign and reclaim the narrative with his vicepresident ial selection and with the Republican Convention and ill look forward to be there and i think well be there together, stuart. And i think that donald trump will have a Wonderful Convention and catapult out of that into the rest of the summer. Stuart steve, thanks for joining us, a big day and we appreciate you being here. Steve cortez. Thank you. Stuart check the market, were up, all, but 30 dow stocks ands you can see 23 are up and the dow average is up. Is that a flight to safety or is that, as art laffer suggested, a look forward to a new president as in donald trump. Thats a long story, long way away. Were following politics, of course, john kasich says hes not going to be at the Republican Convention, hes not going to be there. Whats with that . Ohio is a mustwin state and hes the states republican governor and he wont be at the convention . Were onto that one. Your Insurance Company wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. And if you have more than one Liberty Mutual policy, you qualify for a multipolicy discount, saving you money on your car and home coverage. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. This could be the stock of the day. Were talking amazon, 754 a share as of right now and thats up over 8. And that stock has never ever been higher. Well, we are one week away from the start of the Republican National convention. The never trump people will have their last chance to try and stop donald trump. Randy evans is with us. Hes rnc rules committee member. Very important guy. Recommend, randy. Thank you for having me. Do you think that donald trump can be stopped by the never trump people . Not at thisoint. The combination of the rnc delegates and of the donald Trump Delegates are well over twothirds and theyll control to your knowledge will there be attempts to change the rules in any way to make the never trump people more powerful . No, there will be a lot of noise and rules made and theyll try to pass a rule, i think, who the vp is, but really . They dont have the votes. Theyll try to change the rules so they will have input who Donald Trumps vicepresident will be. Exactly or take people away from them. Stuart how would that work . Its a lot of noise. The never trump people are just out there and they have some delegates on floor, but dont have enough to make a difference and whats the delegate count, stuart, over twothirds under the house rules. You can call to question or shut down the debate. Stuart you can do that and how its done. Thats how its done and how it will be doen in the rules committee when it meets on thursday and friday, but i expect some surprises. Here is my question, john kasich, republican, governor of ohio, he says hes not going to attend the convention and its in his home state. Right. Stuart and the republicans must win ohio. Right. Stuart what chance, im throwing this at you, what chance that john kasich walks into the convention and accepts the nomination as vicepresident . Zero. [laughter] are you sure . I have no doubt about that. I think that i think mr. Trump spent the weekend kind of working and met with them and getting down to the final few. Stuart kasich is not on it. Absolutely not. Youre shaking your head. Thats a blow to the republicans. Ohio is a mustwin state. Yeah, i think there are other candidates, mike pence or Newt Gingrich would fill that void as well. If you just look at somebody like newt who would immediately, you know, trump is poll in the 70s, and he needs to poll in 90s. And you need to win your party. Newt gingrich, has been the speaker, in line to be president , rebuilt, someone like that or mike pence who brings in the conservative base and indiana is like ohio, very important states and theyre like sister states. Stuart bottom line from this interview, the never trump people are finished. Finished. Stuart finished. Bravo. Stuart that was clear, very clear. All right, Hillary Clinton, oh, not out of the woods entirely in the series of scandals that have hit her. Now, the focus turns to the conflict of interest within the clinton foundation. Were on that story. The state of our nation, our country divided, racial tension high. The issue at hand, president obama, where is the leadership . More Varney Company in a moment. Stuart eight at 10 00 on the east coast through 7 00 in the morning in california. You are waking up to more green arrows. That is the Financial News this morning. Applause from tammy bruce beard talking about the dow, which is very close to an alltime record high. Same story the s p 500 is at a record high. Youve got to look at netflix. There is a stock very much in the news for the past couple years. Burns has the stock could drop 40 . Another 40 . Basically streaming has gone mainstream. Newparagraph the emergence that was down 1. 5 . Look at amazon. They primed it tomorrow. The socket a lifetime high. 754 a share. Retailers to regular people it from amazon and special deals of their own. More on that later. Amazon 753. Thats the market backdrop. Here are the headlines. More from the protest in response to Police Dozens of officers injured over the weekend. Looking for leadership of president obama. Donald trump will make his first appearance of the first appearance at the dallas human spirit will ask one of his strongest supporters how he can unite our country. Plus, the fbi chief says Hillary Clinton was extremely careless. Half of voters say 56 say she should have been indicted. Hillary remains defiant. Lets get to dallas and president obama arrived there tomorrow. We are looking for unity. Rudy giuliani says the black lives Matter Movement is anything but unifying. Because the group inherently racist. Watch this. Is inherently racist because number one that divides us. Always matter. From the president ial candidate made a statement that always matter, they intimidated them into black lives matter. True into serious xm radio show host david webb is the best. I want to talk the issue of leadership. The president goes to dallas tomorrow. His job is to unite the party to leaders together. Can he do it . He wasnt elected as a uniter for seven years. Many white people voted. Theres a key difference. They carved of people into segments, special interest groups. If your wife julie at the of blackness is granted as an amalgamated about. Obama was never a uniter. Money goes to dallas and its not just dallas. The First Responders around the country. Wheres the credibility when i started out by saying we dont have all the facts but the police acted stupidly or he supports along with the dm to you and Hillary Clinton and Bernie Sanders black lives matter. Hes the leader of his party. He can go to his party and they can tell, dont shoot is a lie instead. He perpetuates the lie. Stuart has a tilted . There is a racial divide. As he tilted towards one side of it . The is always someone died washing room harbored videos and watch themrom its early days thursday sunny days realized that barack obama is an ideologue as we said in january 2009 because i observed him. I was invested in its color. I dont care whether his black, white, half black or halfway. E d president. Hes lost the families because he either minimize this comment diminishes or backs off when officers are attacked, but it does have a one is in the black lives matter side. Parody is not there. Treats are all sharp goodness calling up the nra. What he calls a white only approach. Watch this. I miss the nra coming out defending their gun ran that they legally had. Where is the nra now . Maybe you mean the Second Amendment are for whites only. Stuart i call that flatout devices. I reach for her father listened to al sharpton. This is nra card. When i signed up, they didnt check my ethnicity. It doesnt exist. Al sharpton who is to race bait during chief of this country goes out and throws out a false argument and nra for whites only is his way of doing that. It is the old dog whistle approach that he uses. The fact is altering sterling had an illegal gun to adjudicate a new due process, whether it was a good shoot our bachelor. It was an illegal gun. Questions in minneapolis told the process. He was a legal concealed carry permit city. There are issues to be just us. Al sharpton is irrelevant. His tv show failed. His radio show failure to hes been a failure for the black community and the american community. Stuart david webb, thank you are joining us get moving on belfast. I didnt check my ethnicity when i joined. Stuart thank you, david. Back to the market. All the major averages are up this monday morning at the s p 500 at a record high. As you can see the dow industrials 18,200. Is this the place to put your money . Dream or a safe harbor. Now weve got insurgency in the u. K. With theresa may, home secretary is home secretary likely defeating David Cameron. Across the world you see turmoil in asia and emerging markets. Here is the caveat. The market is slightly overvalued meaning on an earnings basis. Youve got to watch what you are buying to be slightly risky. Stuart early on the show, art laffer says we are a safe haven. Thats why were good for marketers looking for the next president. You were nodding your head vigorously. Liz with this news out of england, you see a trend happening. Everyone recognizes that its not going to stop here and theres a recognition especially with whats going on right now, we tend to have higher rates in the voting booth. Americans are seen things they dont like. They know that they cant have Hillary Clinton in the white house that they want to get better. Stuart do you actually see politics at work in the marketplace. To some degree propelling our market higher . Is really about the future if youve got the money for the future, where you have optimism and who is going to lead the world to a better place in the market as part of that. Stuart i want to move on to Hillary Clinton. A new Washington Post abc poll out this morning shows 56 of people say hillary should have been indicted in the enough handle by the fbi, should have been indicted. Half would still vote for her even though they want her to be indicted, half of those people will still vote for her. Henry was defined when asked about the fbi dirt saying she was careless. Watch this. As i have said many times, i certainly did not believe that i received or sent any material that was classified and indeed any of the documents that have been referred to, i think were not marked or were marked and accurately as now been clarified. Stuart former Bush White House adviser Fox News Contributor carl rove is with us now. It appears that Hillary Clinton wanted to be out of the woods. A sheet . I dont think so when i dont think so in part because of the kind of comment that you do show it from her. She was found guilty of by fbi director called me of lying continually to the American People. Every excuse she gave us, she systematically and 14 minute News Conference demolished. She said she was allowed and permitted to do this pitch he never received classified information. She did this for convenice. All these things turned out not to be true. Hermas wants us to repeat the lies that i never sent or received anything classified after he clearly said there are 110 topsecret messages that pass through the email chain. That was classified at the time it was sent through the system. There are several thousand pieces of email that contained Sensitive Information that were tied, later classified and you shouldve been sensitive about and not been using a private email server to share those items. Stuart this would surely be chryslers material for donald trump to go on the attack against hillary. Then came the dallas shootings thursday into friday. Over the weekend, account has been largely silent perhaps out of respect or what happened in dallas. Was that the right track stick . It was a tactic to be respectful and limit his campaign appearances. But i disagree with if he had an appearance in cincinnati in front of a huge crowd on the night or he could have litigated this. It was his first public appearance after the comey conference. He couldve gone chapter and verse to all of the things that she said and why they were lies. Why is that important . You and i may know a lot about this come about the swing voters to decide the election want to hear more information. 56 of the American People should have been indicted. The cases prosecuted by tromping shouldve been prosecuted wednesday night. The number would go higher over the campaign and become more important in determining people sufficient. Instead of doing that, he spent when they make defending the use of a start david in a treaty that the previous weekend. Stay focused on the big important thing in a big important thing last week was why james comey said about her handling of emails and private email server. Stuart karl rove, thank you for joining us. Breaking news around the world of professional basketball. San Antonio Spurs star announcing his retirement. I am told this is a big deal. David webb, you know about this. Having been a fan of san antonio to have the admiral david robinson. This is a wake forest alumni, so tim duncan, two decades almost clean record on the didnt get in trouble, played the game. He is the last great class of basketball players and to see david robinson, those guys on the corner. The san Antonio Spurs were a great team to watch. End of an era. Walking off at the top. Stuart ive got to show you something. A fastmoving rush either brushfire north of los angeles at around 2000 people forced to leave their homes as the fire spread spirit already burned about 800 acres going on right now. Southern california. Terrified footage from spain, and a matador, definite bullfights. The Animal Rights act to this or cheeriness. Jesse jackson blaming donald trump for the massacre of Police Officers in dallas. We will ask why not one as well. We will explain not one as well you can fly across welcome town in minutes16, or across the globe in under an hour. Whole communities are living on mars and solar satellites provide earth with unlimited clean power. In less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. And if you thought that was amazing, you just wait. Stuart solid game. Not quite as tight as we were really asleep. We up 77 points. Dow 30 stocks with an impression of an overall market. 25 of the dow stocks on the bed this morning. Modest rally in progress. Lots of stocks hitting lifetime high include the big guy, amazon, 782 at the moment. Those dollar general, lockheed martin, all of them today hitting lifetime highs. Twitter is down again, founder jack dorsey at twitter account was hacked over the weekend. Traders deal dealing with hackers and still dealing with those trolls down 2. 5 right now. Texas governor great asset address to state and the nation last week in the act and after the shooting in dallas. But he did not tell you in those conferences was that the governor was in severe pain. His legs from the knees down and all across the state wrapped in dressings. The governor had been vacationing in wyoming when he was at that place called it with hot water on both his legs are the governor was driving back from the hospital when the news of the shooting road. It is not clear whether he is seriously injured in a not to go to the Republican National Convention Next week. We certainly wish it is beauty recovery. Meanwhile, not shooting a few bucks for my next guest church. First baptist dallas pastor and Fox News Contributor. Past her, youre a trump supporter. Bearing in mind with donald trump has already said, how does he become a unifier . The president is going to dallas tomorrow feared he wants to be the unifier finish association. I want to ask you as a trump supporter how can donald trump u. Unifier . The nike can by doing exactly what hes doing right now and refusing to use the tragedy for gain. When i think about president obama, he is really exacerbating the racial tension in our country right now. Last week for that job is tragedy in warsaw talking about shootings in the week and not in minnesota, he gave statistics that made it look like like police when they were against minorities. Nothing could be further from the truth. The fact is that we shoot twice as many white people a spot people. Obama onto the influence right for the police are reminding people the majority of Police Officers are good and faithful servant and a few who are and will be investigated and prosecuted. Its tragic what the president has been doing so far is. Jesse jackson says donald trump shouldnt take some of the blame for creating the racially charged climate and an antiblackbird. But you say to that . Jesse jackson is nothing but a fraud as is al sharpton is dallas who organized the protest. What church or the socalled ministers Even Associated with . I sat in our church that the bible teaches Police Officers are ministers of god sent by god to punish evildoers and a true minister of d to dilbert like for Police Officers rather than sowing seeds of distrust and gestures like the bogus ministers are doing. Hold on a second. Tammy bruce want to get into this. Is exactly what the left has always done. Their tactic to you. Weve got five to pops. The fact africanamerican suffering as well. All they can be their own political agenda or narrative. This is why continues. They are invested in continuing because they dont want to get crisis to go to the race. Do you father paid to do it. Your churches in dallas a few blocks away. As dallas at this moment the racially divided city . Theres a lot of tension. Yesterday, churches across the area came together. Saturday was especially good month ago we have honored the dallas police. We had hundreds of officers present. We had a great guy we honored him as well. I think that is what church is not to be doing it eight liters a night of celebrating rather than condemning their beliefs. Stuart thank you for joining us. A very brief point that i dont take this nation is divided. This is the narrative of the media. We see none of dallas in the country. Dont mistake what you see the media covering with what the rest of america is feeling. Stuart i heard robert say yes indeed. Thank you one and all. Today marks the start of earnings season with big corporations. Tell us how much as did or did not make you alcoa is the first out of the block to bail out this afternoon in advance of those numbers are covers that is shared the big word has got a new life in a period now up 86. 18000 to 33. I cant do the math, but i think we are within 100 points at an alltime high for the dodgers this elaborates. On this monday morning with a divided nation or an anxious nation certainly up again. S p 500 with 40 stocks hitting record highs. 500 stocks have never been higher. The market is showing right there in the market. And extraordinary juxtaposition from whats going on politically and racially. One contracts and the other is moving. Stuart how about this. Black lives matter some would say they are causing chaos across america. Dr. Martin luther teamed that violence begets violence. Hate begets hate. [vet] two yearly physicals down. Martha and mildred are good to go. Heres your invoice, ladies. A few stops later, and it looks like big ollie is on the mend. It might not seem that glamorous having an old pickup truck for an office. Or filling your days looking down the south end of a heifer, but. I wouldnt have it any other way. Look at that, i had my best month ever. And earned a shiny new office upgrade. I run on quickbooks. Thats how i own it. Wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. And if you have more than one Liberty Mutual policy, you qualify for a multipolicy discount, saving you money on your car and home coverage. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Stuart what is with apples not have done nothing but calmed down a couple months. A little bit higher today. To downgrade than a week by wall street firms. Analysts say apple will not recover until next year after the holiday season. To spain, a famous matador mall on my tv. 29yearold barrio, first recessional bullfighter to die in the ring and 30 years. Elizabeth, according to tradition, do they kill the whole bloodline of the bull . Is that true . Liz they killed the mother of the bull that killed the bullfighter. Tradition says he wants up the bloodline. And mob rights activists and the Political Parties that dont do that. Stop the gore. This is not helping spain at all. The Public Opinion show the country is divided. A lot of people dont like old fighting. They abuse the. They abused that will. They abuse the. They abuse the ball before they could read by cutting its tendons that mac to disable them. You are seeing the movement on social media thing dont have the mother of the bull. They are saying, they went a little out there think of the animal, the people which buried the bulls. Spanish bull fighting is for blood. It began in the 14th century and a baby should stay in the 14th century. This is the 21st century. We are adults and civilized. Its time to move on from this horrible abuse and the danger to the individual to well. Its a 14th century of searcher d. Liz catalonia has already been there. Stuart i did not know that. Got it, right. The stock price that nintendo way, way up today. Just release the biggest cell phone and angry birds. Cant, trying to locate things by using the gps on the smartphone to get out and search for things. Some of the kids are getting into some trouble because of this search. The stock is up 32 . How about that. Overall, the market is going straight up today with 25 of the 30 dow stocks in the green going higher. The dow was within sight of its alltime high. Hillary clinton is not out of the woods. More investigations on the horizon. Did she lie under oath . Good question. I opted for convenient to use my purse email account, which was allowed by the state department. Wh drence at this point does it make . Both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis and a 200 savings card. Stuart holding onto a solid gain of 73point. So is the s p 500, which is by the way an alltime record high territory. The 10 year treasury yield cause of concern to some people all the way down to 1. 4 is era . If you lend money to the german government, they have a negative Interest Rate. They will keep. 17 of your money. Same story in japan. Mind them the money. They dont give it all back. They key point to 7 of your money. What in the world is with that . Steve lord is with us and we hope you can explain what on earth is going on. I was on vacation last week. Im constantly asked by people what is with this. How come 11 trillion worth of bonds you dont get all your money back. You dont get any interest at all. Its a great question. I will confess that ive been wrong on this the last two or three years. I keep telling people Interest Rates can possibly go lower and they keep falling. This was an indication that the risk aversion in the market right now. Who buys a 10 year treasury at one point or percent Interest Rate. Stuart what is the risk . Global chaos. Youve got government completely out of control. Where is the leadership right now . We dont have leadership in america. You dont have it in britain or germany or any other countries. We are the Winston Churchill and Margaret Thatcher in the jfk. They are just not out there right now. You see governments doing really things, raising taxes, big increases. Stuart are you in fear of absolute global chaos . Economic chaos. I believe so. Look, let me ask you a question. What do you think the chance over the next 10 years that the inflation rate will be over 1. 4 . Stuart the chances of 1. 4 inflation would be quite strong, with that . I would too. That leads to the question why would anyone buy a 1. 4 . Think of what that means. You are given the government your money and a promise in and they promised in 10 years they will give you that less money than you lend to them. The severe risk aversion all over the world is one of the recent thought this money is rushing to the United States. As bad as we are, we are still the least rotten apple on the car. Early on the show, laughers suggested devising a stark market was the expert patient that a new president as of november will introduce it wrote oriented economic policy. Are you going with that . I am hoping right after mr. Trump. You cant deny that. Art laffer has been involved in that as well. I think if you get president trump, you will see a big move in the economy. The stock market is doing fine. Im talking about right now 1. 5 to 2 , up to 4 for a long period of time. We will come out with tax reform proposal and that is three or four days. You above that, by the way. It is an art laffer of the deed more, trump that. All of those things will generate a lot of growth good if you get that come you want to invest in stocks right now. Dont buy a 10 year treasury at 1. 4 Interest Rate. They are crazy. You will lose money on that. Stuart okay, we hear you. Im not buying them. Are you buying them . Stuart im not. I could buy a bigname american corporate stock and get two or three or 4 dividend yield. Why would i give one point or percent or negative overseas. The only thing i disagree with is a little bit of rest. If hillary wins we will get good for markets. Stuart tell us what the transplant has been rehashed it all out. Hillary clinton accused of lying to congress, flatout lying to congress. She is testifying about her emails in front of congress. Watch this. I provided the department, which has her biting you with all of our work related emails all that i had approximately 55,000 pages and they are being publicly released. There is nothing marked classified on my emails, either sent or received. I asked my attorneys to oversee the process. They also went through every single email. Stuart we need a lawyer and an attorney who speaks plain english. Emily from tonya was with us. Was that a lie what we just heard . Yes, that was perjury. There is nothing classified on my email sent or received. We now know 113 emails were sent and received by her. Her attorneys comb through every email. They respond promptly and turnover of her work related email. Several dozen emails were not turned over to the state department. Ironically, all at the evidence and the sysmatic refuting came out of the mouth of the fbi director himself all testified why he failed to recommended prosecution. Stuart what are the consequences legally for lying to congress . The consequences if you leave country might to the police, fbi or judge. She can face up to five years in prison for a count of perjury. Arthur stuart went to federal prison for making false statements during an fbi investigation. We then hear what shes facing. I also like to point out when Hillary Clinton was talking about the secure server, another untruth that was proven by the fbi were saying this is a secure server started by my hasbeen. This is her sidedness inherited rapture with weeks of a lack of accountability. Ironically even though the public is 56 say you are against the lack of excitement. Now wouldnt even impact their vote. Stuart a member of congress has to ask the fbi, go look into this and see if she lied according to the legal jurisdiction of the fbi. If that happens, she could face perjury charges. That is the chain of events that need to take place. Correct. Stuart amalie, you speak plain english. Thanks for joining us. Stuart amazon stock of the day. Pride day is tomorrow. It is due to be huge. That has other retailers rolling out their own promotions. Nicole petallides with the full story at the new york exchange. They are going to do this black friday in july. For them it is prime day number two. Black friday in july or the other retailers want to get on board for the whole idea that they dont want to mention prime day. Walmart is going bad discounts on tv some electronics. Banana republic offering 60 starting now. Basically going into prime day and in the meantime, amazon has a bigger and better prime day in the very first last year where they cite 80 more volumes failed with 398 fails per second. They broke all kinds of records and theyre hoping to do it take for a better this year. Some people were upset the deals were not long enough. The new record high again for the fourth decade day. Stuart it is amazing. 755 a share on amazon. Who wouldve thought. Nicole, thank you indeed. Germany facing the microcredit is good to want us in akron and were involved in a over new years those doubts were hidden. Lieutenant colonel oliver north weighing in on donald trump. Could a military man the hot chocolate in the white house . The colonel joins us next. Liz remember Varney Company starts at 9 00 a. M. Eastern time. Heres what you missed last hour. Ralph Peters Family hour. Stuart can he unite the nation . No. What the chattering classes in the Washington Press corps cares what the president had. I truly feel americans have written them off. Its not a conscious decision. They have squandered opportunities and tragically failed president dave. The expectations for his visit to dallas are very low. Stuart the rally hold the dow industrial now up 87point and rising to 18,234. That is where we are within shouting distance of the alltime high for the dow. The alltime closing high was 18,212. We are less than 100 points away from the record closing high for the dow industrials. It is monday morning after a tumultuous week. The dow is way up and rising still. Donald trump has been looking at various candidates with his Vice President ial pick. Newt gingrich, Chris Christie, mike pence. We hear he is also seriously considering retired Lieutenant General michael t. Flynn. Lieutenant colonel oliver north is with us. Do you think do you favor a military man as a Vice President ial pick for donald trump at this time and do you think it would help him win the white house . Lets start with full disclosure. Mike flynn is a friend. I want to make sure everybody understands that. I think it is going to be very good for his credibility with the military veterans, families. Talking somewhere and the numbers of 40 some odd Million People if you count the military activeduty veterans and families. Mike flynn is smart. He is brave. He backed obama on the isis jayvee comment. He backed him on the idea it was contained. Hes bn an aocate for bringing allies instead of putting more americans on the ground in great risk and who would like to fix some of the problems in the pentagon that have assisted for seven plus years. Stuart ive got to raise this question. What would the country feel about a military man . A man who wears a uniform is a Vice President of the United States at this point. As the country in a mood to accept that . Going back to general grant and andie jackson and dwight eisenhower. Weve had military man at the top of the ticket. I dont know what it does. If i knew so much about politics, you and i would be having this conversation in the u. S. Senate off as. Theres some downsides. He says he is prochoice. I point out that George Herbert walker bush was prochoice before he became Ronald Reagans Vice President. Certainly a prolife president. In the long run he is a plus for the ticket. Stuart ive got this news coming in. Defense secretary ash carter was sent ive hundred 60 troops to iraq. They will offer from the recaptured air base. They are going to support the battle to retake mosul. This is just developing the story. What do you make of this . I heard the discussion this past weekend that books are going to embed u. S. Advisors with depeche mode got in the north and the Iraqi Security forces down south, right down to the battalion level, which needed to be done now for two years. More accurate airstrikes. The Iraqi Government is not completely cleared falluja. The attack on most though it is likely going to lead to at least a halfmillion refugees, most of which will end up in curtis and. Not only has to be those additional eyes on the ground, not just boots on the ground to engage the enemy forces. The sunnis in anbar, too. Stuart at that particular direction. Thanks for joining us. We appreciate it. Always, stuart. Stuart two issues we will be covering. Torstar brit hume on our country divided. There is precedent obamas leadership . Brit hume coming up top of this hour. In the next hour, albeit a king, niece of Martin Luther king junior. What would her uncle do in response to black lives matter . Why are you so approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive, but now is a good time to get the ball rolling. Keep in mind, medicare only covers about eighty percent of part b medical costs. The rest is up to you. 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Only four arrests effectively because of course the world is different when it comes to proving assault you have to be verbally assaulted and physically assaulted. That is one of the differences. Clearly, what we need here is a lack of trained parent date by withholding information that is lined by omission. Making sure the german people were unaware of what was happening. Liz that is right. Angela merkel, chancellor of germany speaking to a rally of her Political Party say in the refugee flow was used to smuggle in terror. This was her idea. She unlocked the door for europe yet that is what is so ironic. She unlocked the door and called for them to come. It was an event passes. It was an invitation. The argument was about lowwage workers. They are still dealing with what america is dealing with. Workers they need it for the socialist era meant him to pay for everyone else. Liz this is a tough story. They are criticized for not reporting social media that push the story forward. A quick check of the board at the highest for the day. Now here is Stuart Varney with art laffer. Stuart stocks up to near record highs tiered Interest Rates down to near record lows. Amazon may be the stock of the day, and maybe hitting 750 a share. A perfect time to bring in art laffer, former reagan economist. I only explanation for the surge in the stock market is that we are the world safe haven. What do you say . I dont know that that is it. Stock market tell us what will be, not what has been or what is. That is the market collected forecast of the future of the u. S. Politics is going very well. The change from obama to the next admin tuition will be spectacular. I see the outlook very positively. Thats interesting. All of this money pouring into treasury bonds, for example, pushing yields way down. That was a sign of flight to safety. We are the safe haven. To some degree thats true of our currency and true of our stock market. To have some truth in it and the stock market as well as the bond market. The unit dollar is appreciated dramatically. Stuart the world is in turmoil but we are in for a bond rally in things will look good. You had to be there as jimmy carter. The race riot under jimmy carter, the polarization was just the bows so beyond belief. When race rights disappear, the problem is not police versus black lives matter. The problem is jobs, output, employment. If we had a good growing economy, none of this others that would be happening. That takes spending rates to free trade. Stuart im glad you got it in there. Liz wow, powerful stuff. Coming up, the third hour of Varney Company. You will hear stuart on rising racial tension and president of him readership. Dont look now. The dow within striking distance of a record high. Already, the s p Interest Rate hike. This is a global flight to safety. We are back in threeminute. Dont go away. Stuart there is an anxiety in america this monday morning. It is a moment that requires leadership. Were not getting it. America needs a clear voice. Whats the problem and what are we going to do about it . The president is not supplying that clear voice. Issue number one. The murder of five Law Enforcement officers in dallas. The shooter was black, the officers white. The shooter deliberately singled out his targets by race. His rants echoed the inflammatory language of black extremist groups. But the president actually likened one of those groups, black lives matter, to the Abolitionist Movement and the civil rights movement. Thats the kind of moral confusion that surely has no place at this time. Issue number two. Terrorism. President obama will not link terror to islam. Even though the orlando shooter had claimed to be with isis during his rampage, the president refuses to use the words islamic terror. And when killed american soldiers at fort hood, he called it workplace violence. You cannot unite against the enemy if you do not define the enemy. Every president is challenged and every president has to respond. Thats what president s are elected to do. In the last two elections, we were voted for a president who would bring peace and racial reconciliation. After eight years, we have neither. We have not seen the leadership our country needs. While that is very much my opinion, joining us now before it hugh fox news senior analyst. Am i right . Wheres leadership . I want to see leadership of my new adopted country. Where is it . Well, i would certainly say, stuart, that this moment cries out for some truth telling. And im afraid that the president has really not provided it. In the sense that if you look closely at the data, the claim that theres an epidemic of Police Killings, white Police Killings of black suspects is simply not there. Theres some superficial statistics that could be society appear to say that when we drill down into the numbers and take into account the percentage of blacks who were arrested for crimes or convicted of crimes. You find that theres nothing theres nothing dispro important about it compared to the killings of police and white hispanic. Further theres a stayed by harvard today that finds, yes, theres a disparity in treatment, that is the general treatment of black suspects rather than whites but not the study makes clear in Police Shootings of blacks. That proposition has not been suggested by president obama who suggests racism has to do with every incident, although there was no shooting involved in the henry about gates summit remember when he had to back off what he said . He suggested in the aftermath of ferguson, ferguson turned out to be not what everybody claimed at the time. And the lets just of black lives matter has been supported by the president although appears to be based on a falsehood. Stuart i want to play a sound byte from president obama speaking over the weekend saying the country is not as divided as some might suggest. As painful as this week has been, i firmly believe that america is not as divided as some have suggested. Americans of all races and all backgrounds are rightly outraged by the inexcusable attack. Stuart what do you make of that, brit . Are we as divided as we suggest we are . Well, he said some are suggested. Look that in purely political terms, ive been covering this stuff going on 50 years, and i dont think ive seen the Political Parties as divided or the country as divided on the issues that the Political Parties are running on than they are than we have today. And i think that the is manifestly clear, stuart, that the rac Race Relations in the United States have deteriorated for years, and we can determine where that plays out. But president obama has not led any kind of reconciliation of the races and did indeed has deepened. Stuart and at the same time the two candidates to succeed president obama are both significantly unpopular with a majority of voters. In other words, it looks like a mess Going Forward to whic there is no resolution immediately in sight. Yeah. Its a very unusual election cycle, stuart, when we get to the fall general election and each candidate is the others best hope of a election. That is i think anyone would agree kind of a sad state of affairs. Stuart it is a mess and thats a fact. And, brit, i have to tell you, the Dow Jones Industrial average is up 100 points and close to its alltime high, how big that for a juxtaposition for a mess in the world on politician and a huge rally in the stock market. Look, if youre innocent equity, stuart, where are you going to go to get a return . Stuart thats exactly what weve been saying. Brit hugh, you should be a financial analyst as well. Thank you for joining us. My pleasure, stuart, thank you for having me. Stuart well, why dont we check the big board. Would you look at this . 105 points higher for the Dow Jones Industrial average, 18,252, we are within 100 points of the record all time closing high for the dow industrials. Same story with the s s p 500. We are, in fact, in record territory as of now. 40 of the 500 stocks that make that up indicator are at alltime highs as of right now. How big the price of silver . We dont quite follow that closely but maybe we should. Barrons magazine says its going to go up more than the price of gold this year. And its at 20 an ounce as of this morning. Heres the stock of the day surely. Amazon. Theres prime day, amazons prime day is tomorrow. Very big deal. The stock is at 754 a share. It has never been higher. And look at nintendo. Pokemon go. A new game played by youngsters largely on their cell phones. Smartphones. And the stock is up 29 . The average player is 25. Stuart the average player is 25 . Sandra smith, ladies and gentlemen, chiming in with vital information. Living in their parents basement. Joking. Stuart look at that stock. That that name they came out 30 years ago. You remember that one . Liz you knew the diddy. Save the singing for church, stuart. Liz thank you. Stuart this new game, you just walk around with their smartphones like this, theyre looking at their gps. Liz yeah,. Stuart and theyre searching for morns out there in the real world. Liz you go to real world locations. Stuart yeah, you actually get out and walk. Exercise. Heres another number. The tenyear treasury, the yield theyre on, 1. 41 . You are the cohost of outnumbered on the fox news channel. Yes, sir. Stuart you know all about finance, whats going on in a world where Interest Rates are at historic lows. Well, the answer is its broken. I know you wanted to talk about whether or not this was indicating a safe haven environment that is america, you cant look at it like this, and i know you watch the bond market very closely as well. But i just got off the phone with a long trusted former trading colleague of mine over at rjo on the chicago floor and said you cant look the bond market is broken. You cant look at it like you once did. The price of money, everything is broken because of this historic low Interest Rate environment. What is the value of the u. S. Market . What is that . Are those true are those real deigns . And then look at the bond market and price of money. What does anything mean any r anymore . Stuart if you look at the bond market, youve got alltime low yields all over the world. Right. Stuart and you say how do you therefore put a real value on the stock market . Because that worries me. But you cant. Stuart maybe the dow should not be at 18,000. Talk about this unprecedented involvement of the Federal Reserve for years, stuart. Liz thats a good point and also seeing Corporate Bonds go negative. More than 275 million going to Jp Morgan Chase of Corporate Bonds having negative yields around the world. So heres the thing. The play is s s p s s p s p 500 dividend yield is still above 2 , to sandras point, yeah, its the stock market. Our currency, you look at the value of the u. S. Dollar up against global currencies, the value of our currency has been manipulated. So the talk about what the value of our stock market and our bond market is, its a difficult thing. Weve never faced this moment in history. Stuart its chaotic when 11 trillion worth of bonds do not pay any interest. Liz 13 trillion. Stuart its 13 trillion now . Iraq and zero in 2013. Stuart ive got breaking news and this may have something to do with why the dow industrials are now up 110. Listen to this. I know you know it already. Britains Prime Minister David Cameron says hell resign by wednesday, day after tomorrow, teresa may will be the next british Prime Minister. I thought he was going to stay until september. Liz october is what he originally said. Stuart and then september. Liz and heres british tradition. David cameron must formally tend his own resignation to the queen and then advise the queen that teresa may is the best person for the job, she will be the new Prime Minister, effective wednesday night. So what were seeing is the labor party here call a election, teresa may, though, home secretary responsible for the security of the country including immigration and policing policy, a strong leader. Stuart yeah, a strong leader, and she has said we are leaving the european union. Maybe thats why the dow industrials are now up. Liz they have certainty. Stuart some certainty into the argument. 112 points up for the dow industrials now. All the losses that occurred after the british vote to leave the european union, all of them totally wiped out. Losses, no more. Liz remember armageddon . Were all going to heck and hand out. Stuart not so. The market scam thats where you can see the dow stocks at the same time. 27 of them are on the upside. What have we got . Jordan spieth says he will not compete in the rio olympics. Add him to the list. Stuart jason day is not going. Top golfer in the world. Stuart top in the world. And were not sure whether liz no reason yet given for jordan spieth. But ill tell you why the others said theyre not going to participate, they have young families, some have a baby or dont have any yet and theyre afraid of going over there and contracting the virus. Why . Because we know that it can be sexually transmitted so theyre fearful contracting it, pro creating, and then passing it on. Stuart i hate to see the trouble with the olympics on a mass skill because thats a trouble the world does not want to see at this point. Ive got to move on. A very significant emission from germanys chancellor, she says terrorists have smuggled into europe, have been smuggled into europe through the waves of migrants who fled syria. Okay . And she essentially invited them in. Where does that leave her politically . Were also going to get back to the antipolice protest that weve seen over the weekend. The niece of Martin Luther king joins us in a moment. Her uncle famously said violence is not the answer. Because number one it divides us. All lives matter. And when the president ial candidate governor of maryland made the statement that all lives matter, they intimidated him into changing it to black lives matter. All lives matter. White lives, black lives, all lives. Stuart tumbled right there former new york city mayor rudy not backing off his claim that the black lives matter is racist. And joining us now is niece of Martin Luther king jr. I know you dwell in the spiritual realm but this is politics and black lives matter is very much at the forefront of whats going on in the black Society Today in america. Do you think that black lives matter is a racist organization . Well, hello, stuart, i love your last name. So hello, varney, and all of your viewers. I just love your last name. Stuart okay. However, i believe that gods love matters. And so that means theres no discrimination in that realm. Act 17 26 god made all people to dwell on the face of the earth. So absolutely every human being from conception to natural death. Uncle ml said, and i know you have another question, but he says Martin Luther king, excuse me, to viewers, he says that we must learn to love the sacredness of the human personality. And then we wont oppress people. We wont trample people, and we wont kill anybody. So, you know, black lives matter and that means something to different people. But the black lives Matter Movement tends to captivate violence. If you notice that any time shut it down, black lives matter, that movement often causes violence. Stuart i want to play a brief clip from what your uncle said way back in 1957. Because i think what he said then very much applies to us now. Roll tape, please. Individuals you owe press. One of them is to rise up against pressures with physical violence and kurr road in hatred. Lord, this isnt the way. For the danger and the weakness of this utility violence creates minimal social problems. Stuart corroding hatred, violence is not the answer. How did we get from there which was a brilliant christian statement, to where we are now . How did it happen . Well, my uncle ml, my dad ad king, his brother, they worked together to promote love. And my uncle did say he says i decided to stick with love because hate is too difficult a burden to bear. And the thing about hatred, the oppressor and the oppressed are bound together through that hate and fear. So weve got to go back to understand gods word faith working by love. And what we did, we decided that we america didnt want to know Martin Luther king the preacher, we wanted to know the civil rights speaker, the preacher. Hes gone now. He served a mighty god. So weve got to come back to faith, weve got to come back to love, weve got to come back to nonviolent conflict resolution and for those who are in the business world, you know, if all of this anarchy affects businesses because of people are angry, fearful, fighting, theyre not going to be able to come to your shop or your store. So we want to be nonviolent and to get rid of fear and replace that with reason and with love. Stuart we hear you. I hope many people hear you. Pleasure to have you on the program. My name is varney. You can call me that any day you like. Okay. Thanks, stuart,. Stuart even now she calls me, stuart, lovato. I like varney. I like varney. I really do. Stuart okay. Al vitae, thank you very much indeed. Im going to move on to this. Germanys chancellor Angela Merkel says terrorists have definitely been smuggled into europe along with all those migrants whom Angela Merkel invited into the country. I want details on what she just said. Liz what happened was this was at a rally of her Political Party, christian democrats. Heres the direct quote. The refugees flow was even used to smuggle terrorists. Now, we know from german intelligence, stuart, that there are at least 500 500 isis terrorists who possibly are in the area of germany or in the border there for germany. We had the terrorist to detonate the belt in the crow c. Stuart she said it. Liz now shes admitting it. This comes after National Parliaments in europe said wait a second you just changed the laws for all of us. Stuart she did. When she said when she welcomed a million migrants actually more than that came. When she did that, she acted on behalf of all the other governments in europe because they had to accept her decision to bring these migrants in. Liz when isis basically the police werent ready for this. The border checks were not in place. The border checks are sa over there and isis is taking advantage of that. Stuart thank you very much indeed. New this hour is a new report and it says when the big one hits california, the state is illprepared. The report identified key areas that need to be addressed to prevent the inevitable disaster. Thats in quotes from turning into a catastrophe. Of course we will have more on that coming up. Look at this. A new Washington Post abc poll says 56 of responders think that Hillary Clinton should have been indicted in the email scandal. Half of those people, however, say they will still vote for her for president. Hillary stildefiant when asked about the fbi director saying she was careless in her handling of emails. More on this coming up for you music for your retirement, you wanted to celebrate the little things, before they get too big. And that is why you invest. The best returns arent just measured in dollars. Td ameritrade. You. Stuart i think just about everybody has heard of the San Andreas Fault line, it runs the length of california. However, a small area northeast of los angeles the cajun pass says this is the most vulnerable area in southern california. Most serious for a earthquake. Liz this is for oil lines whereby railway, and freeway lines. A highly combustible situation and also if the big one occurs, it could cut off 20 Million People as well. So theyre talking about, testing for an earthquake that could be 30 times the power of the 1906 earthquake that killed 2,400 peel. Stuart so if you take precautions, you can stop a disaster turning into a catastrophe at that particular pass. Liz correct and let me tell you whos saying this. Officials at wells fargo, walt disney saying wait a second. Look at the cage us pass. You guys in california have to step up and do does things about it. Stuart the cage us pass, remember that expression. Liz yeah,. Stuart we have the dows coming off the highs of the day. 27 of the dow 30 stocks are in the upside in the green and the dow still up over 100 points. An update on donald trump Vice President ial sweepstakes leading toward a political pick rather than a military guy. More on that coming up. And the question next for howard kurtz. Mainstream media cognitive the fallout from the dallas shooting and the protest that followed. Im billy, and i quit smoking with chantix. I decided to take chantix to shut everybody else up about me quitting smoking. I was going to give it a try, but i didnt really think it was going to really happen. After one week of chantix, i knew i could quit. Along with support, Chantix Varenicline is proven to help people quit smoking. Chantix definitely helped reduce my urge to smoke. Some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. Some had seizures while taking chantix. If you have any of these, stop chantix and call your doctor right away. Tell your doctor about any history of Mental Health problems, which could get worse or of seizures. Dont take chantix if youve had a serious allergic or skin reaction to it. If you have these, stop chantix and call your doctor right away as some can be lifethreatening. Tell your doctor if you have heart or blood vessel problems, or develop new or worse symptoms. Get medical help right away if you have symptoms of a heart attack or stroke. Decrease alcohol use while taking chantix. Use caution when driving or operating machinery. Most common sideaffect is nausea. Being a nonsmoker feels great. Ask your doctor if chantix is right for you. I miss the nra coming out defending their gun rights that they legally have. Where is the nra now . Maybe you mean the Second Amendment are for whites only. Stuart okay. Measure dock is with us, Fox News Contributor. What you heard al sharpton say there as if the Second Amendment is for whites only and the nra is for whites only. The nra equals the kkk. What an amazing statement forral sharpton, a black man also happens to be a member of the board of directors for the nra, also as well as roy, whos black in the civil rights ledged who was actually literally getting beaten up down in the south during jim crow days. So if the nra hates black people, i wonder why they have three people on the board of directors. Stuart so why is al sharpton doing this . Distracting people from having the discussion some of them are trigger happy, some of them are racist, and we need to do everything we can to stop that and punish those people, but we have a much bigger problem for black lives matter that are killed, 5,000 or so people are killed by blacks. Nobody once said black on black crime and what we do about it. Stuart whats the relationship between al sharpton and what hes saying now and president obama. Whats the relationship there that we should know about . I think theres a relationship in the sense that al sharpton is happy to bring into the white house. You remember the Trayvon Martin case, the freddie gray, the professor at harvard that was going back into his house and one of the cops wondered what was going on and confronted him. And each one of these obama jumped in before he knew the facts and then created a situation of divisiveness and then he had a lot of egg on his face and a lot of people got gemmed up unnecessarily and thats leading to a lot of the reaction in this country. Stuart well, al sharpton is arsonist throwing gasoline onto a racial fire wherever he can. How can the president , president obama who goes to dallas essentially to unite the country with this going on, how can we unite america . He needs to have a frank discussion. We saw the cops in louisiana who seem to be trigger happy, and we need to take steps to prevent that, better training, this is important, but somebody and obamas just the right man to do it. Saying we values problem in this country which is not roughly 100 blacks killed, but roughly 5,000 black People Killed by other black people. 50 times worse the problem. I dont expect he will. He should. And as americas first black president , hes why do you thinkly quantified to have a discussion. Look, lets have a National Conversation on whatever it is. National conversation on race. Stuart ive heard it. Lets have a discussion on black on black crime, its a problem that kills about 5,000 people a year, and you could debate what the repercussions are, what the streps to fight it, but at least have that conversation which the left refuses to engage in. Stuart you just dont hear it. In chicago there were some 44 i think it was shootings . Not all were killings but shootings. Black on black. And these are probably not white people to come down shoot black people. Stuart why dont we hear of this . Why dont black leadership address this . I think the black leadership would rather crete a tension and get black folks to go vote democrat. Its about is politics and voter turn out and more thand ts disgusting, incal, and unamerican. Stuart thank you very much. Thank you, stuart,. Stuart thank you now, the mainstream media, they have been covering the fallout after the dallas shootout along with black lives matter protesters across the country. Lets take a look at that coverage. Now circulating on social media of a black man dying after being shot by a white Police Officer. The Justice Department is investigating the death of alton sterling, a black man shot to death by a white Police Officer outside a convenience store. The past 48 hours two more American Cities have been africanamerican shootings by white Police Officers. Stuart a few short outtakes from a lot of coverage over the weekend obviously. Howard kurtz is with us, the host of media buzz. Without looking at those three specific examples across the board, how would you rate the Media Coverage of the events in dallas and on through the weekend . Stuart, i think that americas hurting right now, and i saw a real change in the coverage to be sure there are angry voices on both sides. You just played those inflammatory comments by al sharpton, but i think many journalists and commentators were being human beings, which may be news to some of the audience. Were saddened and shaken by both Police Shootings in the 24 hours and then the five Police Officers and others wounded in dallas, so im seeing a little bit more of a constructive tone. Is there Common Ground here rather than just trying to throw kerosene on the fire . Stuart okay. Live streaming. They dallas shooter, shooting i should say was followed live with Live Streaming. This seems to me to make a huge difference to the whole idea of covering an event. Not as a journalist with journalististic standards, but coverage. And i think this makes a huge difference to our perception of that event. Its a whole New Territory of coverage of an event. And theres nothing anybody can do about it because its going to be streamed from here out; right . Right. The first technological revolution here was everybody walks around with cell phones and cameras and a lot of these disputed confrontations particularly between Police Officers and members of a community, now we have video that changes our perception. Now Facebook Live becoming a huge thing. Facebook is really perhaps the biggest News Organization in the country right now although Mark Zuckerberg doesnt like to see it that way. And, yes, if it means that everybody can be a broadcaster, they can do that responsibly. They can do that irresponsibly. And i dont think we fully figured out the implications, but it can absolutely change. Stuart what did she i can see the point where somebody would stage an event deliberately to stream it live and affect Public Opinion if we havent seen that already. I think its coming. Yeah. Or youre getting one camera angle which they may not be accurate. You dont have journalists because facebook doesnt employ journalists saying lets not allow that on the air, meaning on the web, because it is hate speech or irresponsible. So really People Like Us at television stations and newspapers and magazines used to mostly be gatekeepers in control of what people saw. Now anybody can do this, same thing on twitter. A lot of good stuff on twitter, a lot of inflammatory, hateful stuff on twitter. This is a message democracy, but it raises some very troubling questions. Stuart media buzz, the host howard kurtz perhaps the most important job in america. Howard, thank you indeed. We will see you again soon, sir. Thank you, stuart,. Stuart how about this one . Former Dallas Cowboys quarterback troy aikman finding himself in controversy for just supporting the police. He tweeted a picture and blush saying sadly most Police Departments around the country dont feel much support these days. Backtheblue. Getting attacked . Liz yeah, former dallas quarterback says its not a black versus white, its a good versus bad but is being attacked for his tweet. Basically one tweet attacked troy aikman saying are you deaf and blind . Another is youre in denial about police abuse and violence. And another tweet back attacking troy aikman said this. Then they need to start arresting charge the racist thugs that cops hire instead of covering for them. And also called troy aikman tone deaf. Stuart tone deaf . Liz the Huffington Post ran a piece saying troy aikman was tone deaf. Stuart im not sure what to make about this except that if you tweet something about black lives matter, theres hate toward you. Liz and hes supporting Police Officers. Stuart yeah. Now, we still have a very solid rally on wall street despite all thats going on in the world of politics and situation in dallas, et cetera, et cetera, et cetera, were up 115 points. And the dow is in less than 100 points away from its all time closing high. The stock of the day, undeniably amazon. 754 a share as of right now. Tomorrow its this big prime day. Kind of christmas in midjuly. Who would have thought amazon goes to 754 . I remember two or three years ago that thing was about 120. Liz yeah,. Stuart it was. Three years ago i believe it was 120. Liz and then it shoveled and then wow its really stuart look at it now. How big facebook . That stock is up 118 a share. There are some ethical issues over that Live Streaming feature we were telling you about moments ago. Facebook, again, closing in on 120 a share. Despite it all. Gopro, that stock rallying. Nearly a dozen analysts say they see the stock going up over the next 12 months. Perhaps its being beaten down enough, maybe. It used to be at 80. Now its almost at 12. You could say it has been beaten down. I have a sports update for you. Live pictures from portugal where theyre truly celebrating the countrys first ever major soccer tournament victory. I want to take you through the victory, first of all. Lets ill start with the superstar getting injured. On the floor. The guy in red, there we go. Theres the tackle. Liz look at that. Stuart now, hes the worlds greatest superstar soccer player. Injured badly, settles on his face, theres the distraction. The groundskeeper left the lights on the whole night. They carried the guy off the field, absolute tragedy, hes the major star for polar gull. But they guys in red, they went on look at that shot. Thats how you do it. They beat the french 10 with that goal coming in the second overtime period. Thats the news on soccer. Thats the last soccer news of the day i believe on this network. Now, pro basketball, ive got news on that too. San ontonio spurs star tim dunkin will retire. 19 seasons, five championships, next up obviously even i know this, the hall of fame. That guys retiring. Back to politics. One week from the Republican National convention, and we have an update on the donald trump Vice President ial sweepsts. Im Nicole Petallides with your fox business brief. Stocks are not too far off session highs at the moment. Right near up about 111 points right now on the dow. Worth noting weve got new highs here for the dow, the s p, in fact, the s p on friday closed one point off its record alltime high and breaks new highs today. So the dow breaks to 165 points, it would be a new high there. This would be your dow winners and loosers, gold man sacks, and verizon and mostly winners on the s p 500 and 40 names hitting lifetime highs. Treasury bond yields 1. 42 after six weeks yields dropping back up of 1. 4 earnings begin alcoa kicks it off today after the bell, also hear from a lot of the banks including jp morgan and citigroup this week, delta just to name a few. Watching earnings. Stuart all right. We have an update on the Sumner Redstone competence lawsuit. Is he competent to run this giant company or not . Liz yeah, california judge is effectively saying, yes, hes competent. Had he rejected a new trial that was an attempt by Sumner Redstones exgirlfriend to bring a new trial. The judge saying no new trial, lost the case saying Sumner Redstone is competent. Stuart so he is competent to run the company. Moving along. Liz moving along. Stuart weve been inundated with complaints of a pass in california. The correct pronunciation is the cajon pass, i got it totally wrong. But dont blame me, blame liz, youre the one who said it. Liz no, i didnt say it. You said it. But ill take responsibility because im an american whos accountable. Stuart its the cajon pass, lets not forget that. I did. Sorry. How big this . Its a new game from anyone tinned owe called pokemon go, and it lets users play the actual pokemon game in the real world Walking Around with your phone. Youre out there in the virtual are world but youre in the real world at the same time. It brings the two of them together. There are some reports that those youngsters who have gone outlooking for stuff have run into trouble like being mugged, for example. Liz have to feel for the paints here; right . Stuart but the fact is youve mixed the real world with the visual world and the stock is up 30 . Thats a rally and a half if you ask me. News on the trump Vice President ial sweep stainings. Mr. Trump is leaning towards a political pick not a military man. The candidates include governors Chris Christie and mike pence, former how do you say speaker Newt Gingrich. Mercedes is here. Now, my question, mercedes, youre a republican watcher so to speak, an analyst thereof. Would any of these picks, any of those four would any of them bring the never trump crowd onboard with donald trump . No. The never trump crowd will remain the negative trump crowd. Its going to be very difficult to bring them onboard because their fight is with donald trump personally regardless of who he picks as a vp. But, stuart, the maybe trump crowd is the crowd that we are looking at very closely. Because those are the ones that are theyre on the fine lines, theyre waiting to see who donald trump picks aas the vp, and depending on who he picks, it will influence them whether they will go onboard, support donald trump, and help him come november. Stuart okay. And youve got to tell me about governor kasich of ohio. He says he is not going to go to the convention, even though it is in his state. And ohio as we all know, is a must win state in any president ial election. So first question. Why is governor kasich not going to the convention . Well, thats a great question. I think part of it is because of the fact that he has basically said he would not support donald trump. Hes not going to be campaigning for him. I think hes very focused on the house and the senate races helping down ballot you could say. And i think its very unfortunate because i think it is time for the party to come together. I think its time, especially during this Convention Time were seeing ted cruz will be speaking at the convention, although he hasnt publicly endorsed donald trump. Speaker ryan will be there. I think there is an opportunity for the party to come tether and kasich is a very positive message about america but, unfortunately, they have to there has to be a what can i say . Mending the friendship or relationship which at this point it hasnt happened yet. Stuart what chance that all of a sudden john kasich appears at the convention walks on the stage and is accepted as Donald Trumps Vice President ial pick . I mean is this crazy stuff or what . You know, its interesting you said that because there are those in the antitrump movement who are part of the convention that are trying to make waves by saying, look, let us pick the Vice President ial pick for donald trump so we can balance the ticket because theyre worried about donald trump being the nominee. So thats an interesting idea. I think a kasich vice presidency would be a nice balance to help bring things together and unite the party. Although you have to have both of those leaders sit down in a room and hash out the differences because their differences are many, and i think at this point its unfortunate that we havent gotten to that point yet. Stuart in other words, no, stuart, it aint ever going to happen. Is that basically what dont ever say you know, its been so unpredictable, stuart, this year. Anything, anything could happen. Stuart its so true. Mercedes, thanks very much for joining us today. We appreciate it. Thank you. Stuart more on the Hillary Clinton email scandal. Our next guest is formally with the fbi, he says she should have been prosecuted. Back in a moment you do all this research on a perfect car, then smash it into a tree. Your Insurance Company raises your rates. Maybe you shouldve done more research on them. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Just one of the many features that comes standard with our base policy. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Stuart all right. The Hillary Clinton email scandal, joining us now is bill gavin, former assistant director of the new york fbi. Now, bill, you say that the evidence gathered hillary should have been indicted. Im saying so what . Shes not going to be indicted. We heard it from the fbi chief himself. Its not going to happen. Youre barking up the wrong tree, arent you . Absolutely true, stuart. And my comment i think was i would love to have seen her be prosecuted or some negative action taken place because of what she did. Its obvious what she did. But with that said, i was not part of the internal deliberations, not part of the investigation, and i have to put my up most confidence in a director that has impeccable integrity is a very smart guy and ethical. He did what he did. But, stuart, he presented the whole case, all the facts in front of the committee. Asked him, listen, did you take those facts and compare them against hillarys testimony . Therein lies another problem for hillary. He said no. And asked him why not and he says because i need a referral. You are in the legislative branch of the government. I am in the executive branch of the government. You need to refer this to me. So he knew what he was doing. Stuart could she now be im not sure the right word. Prosecuted because she lied to congress . Is that a possibility in the future . I dont know, stuart. But, you know, in this particular case, i always say the opera isnt over until the fat lady sings and she hasnt even put on the dress yet. Whats going to happen now if the fbi gets the reveal to look at everything she said versus what they found . I dont know what the outcome can be. But it can be proven that she lied to the congressional committees. Now, what they can do, what options they have everybody talks about a double standard. What if this was an fbi personal who did something who would either be fired or reprimand or anything in between. But that can happen because theyre still employed. Stuart bottom line is, bill, its not over. More varney after this you may think you can put off checking out your Medicare Options until youre sixtyfive, but now is a good time to get the ball rolling. Keep in mind, medicare only covers about eighty percent of part b medical costs. The rest is up to you. 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Plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. Remember, medicare doesnt cover everything. The rest is up to you. Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. Because i would like to close out the show. The Dow Jones Industrial average is closed to an alltime record high. That is our show. Connell mcshane, it is yours now. That the way we like to be handed off. Major stock averages. We begin with hundreds of protesters being arrested across the country. A number of different cities. Police officers are on high alert. When again this morning and this afternoon around our nation. This is cavuto coasttocoast. I am connell mcshane. The antipolice protest not following up over the weekend. The threats are common in many cases through social media. Adam shapiro on top of things. These are some disturbing threats. Some are unsubstantiated, but others are quite evident. One in louisiana where a man has