Transcripts For FBC Varney Company 20160728

Including himself. Today, more of the same. Trump campaigns in iowa, hillary makes a big speech, the first woman to be nominated to be president by a major party. Thats politics, thats the election. Hard to beat that for entertainment, but look at this, the ultimate blowout Financial Report from facebook. Talk about a global leader. About one or almost one third of the worlds population uses facebook, at least once a month. Watch that stock go. He here, Varney Company is about to begin. I know why were strong. I know why we have held together. I know why we are united, shes ready because she knows that in america we are stronger when we are together. And most of all, i see americans of every party, every background, every faith who believe that we are stronger together. Stuart well, that was the theme inside the arena, when they werent bashing trump, they were talking love and unity, got it. Outside the arena, very different story, look at this, protesters try and break through a fence, they burned a flag, in fact, one guy set himself on fire while he trying to burn the flag. No love, precious little unity outside, look at that. By the way, you did not see that in cleveland with the republicans last week, all right. Thats then. I promise well bring you more on that. But weve got to talk facebook. Unbelievable numbers. 1. 7 billion people, thats almost a third of the worlds population uses facebook once a month or more. Profits almost doubled. We got more huge newspapers, ashley. Ashley revenue 15. 9 . Profits trippling to near 2 billion. Market cap poised to hit right around, well, lets say Oil Giant Exxon at 376 billion. This is actually remarkable. And another interesting thing, we found out they have 23 billion in cash on hand and they can go out and buy anything without having to use stock and dilute value to their shareholders, everything about this, advertising is the key. Revenue for the video advertising has been tremendous. Its a remarkable blowout Earnings Report. Im going to call it the glue that binds the world together to some degree. And with the video around, even the Messenger Service that walks out now boasts 1 is billion monthly active users on this and those each, so remarkable. Zuckerberg is worth 67 billion. Stuart the close yesterday, its going to go up to around 128, 129 at the opening bell 27 minutes from now. Ashley zuckerberg worth more than the Koch Brothers now. And just at warren buffett. Stuart all right. Look at oil, the price much oil is a key number. This will make a difference to how the stock market performs. Its at 41 a barrel this morning. If it comes down significantly watch for pressure on stocks. Price of gasoline, 2. 14. Gas by the way has fallen 45 of the last 46 days. Ford Motor Company is going to take a hit and the opening bell will be down about 6 . Whats the problem there . Weak sales in the u. S. And china. And its interesting, dragging down the profit picture is the Light Vehicle sales, meaning smaller cars are not going like gang busters, the bigger f150s and bigger you have suvs are selling strong. So, in fact, you know, ford is regearing to have a super duty pickup truck, so those expenses to weigh on bottom line and theyre lowered their vehicle sales 6 of,000 thats a lot. The number, 600,000 viewer vehicles to be sold . 600,000 viewer, thats whats got them. We never stay away from politics now and wont now. Trump stole the spotlight all day long yesterday again and dominated the headlines until the prime time speeches and then those speeches were all about him. Come on in eric bolling, author of wake up, america, coanchor the the five, good to have you on the program. Stuart, money and politics, they meet at a crossroads every single day and here we are here as well. Stuart okay. I say trump stole the show all day long, and then he was the focus of attention at the Democratic Convention last night. Do you agree with that . Yeah, in fact, trumps name was mentioned i think through the three nights, more than 300 times already the entire rnc of four nights i think Hillary Clintons name was mentioned somewhere around 200. So they could clearly doubled. Theyre worried, stuart. If you watched the speeches, i thought there were very compelling speeches, but i think the theme was, you know, whereas they took trump as a joke and werent worried about him until now, i think theyre getting very serious and say this could be a trump win, real clear politics average has trump up by one point. Hillary hasnt gotten her bounce yet, i think she will, but i think they were expecting a much wider gap coming out of the dnc. And trump is in really good position. Stuart i think youre right. Listen to what president obama said about hillary last night, roll that tape. I can say with confidence there has never been a man or a woman, not me, not bill, nobody more qualified than Hillary Clinton to serve as president of the United States of america. Stuart most qualified ever, eric bolling. Have at it. And i can say with great confidence that was one of the most ridiculous things president obama has ever said and he said some pretty ridiculous things in the past. She may be the most experienced thats ever run for president , she is certainly not the most qualified unless you call corruption, quid pro quo, pay to play, ill go over there and do something and make a deal with you, as long as you have my husband get paid 500,000 or a Million Dollars into the Clinton Foundation. If those of those things qualify you as president , then maybe president obama is right, but i dont think they do and i think that was just pandering. And then he leaned and the pointed to to bill clinton and that was an insane comment. Im not suggesting that the president is in and i dont think they like each other politically right there in that moment. Eric, have a safe trip back to new york, and expected to see you on the five. And well do them here tonight on the five and tomorrow night and the book. Stuart, number five best seller. Stuart ill read it when you send me a free copy. All right, eric. Thanks, eric, good to speak to you. Arran arrange Angela Merkel, despite four terror attacks in her country, louise is here, she didnt just defend the open door policy, she said im not going back, im not going to stop this. Im not changing course. Yeah, i think this is absolutely astonishing when the people that are going to be angriest with her are maybe president hollande. We saw a priest get slaughtered. Theres going to be Upcoming Elections in france and i look to see those thrown out. Its possible that mary la penn, a nationalist, put it that way, that she could win in france. The left in europe will not get with this merkel did this, open door, she changed europe and germany forever. Its her problem, but she has made it europes problem and now these terrorists are basically everywhere through europe, theyre attacking in nice, attacking in france, narm normandy, so merkel, going to maybe liberals across europe take a bath in the election. A parallel between british exit vote in june and donald trump in november . Theres a problem with patrol with brexit. People dont usually come to the polls came out and voted. If that happens with trump, the democrats are in trouble. Stuart three british accents. Thank you, louise. The dow on track to open a little lower. 20 points maybe. By the way, the dow is up almost 8 in july. Now, thats a rally. Plus, this, big day for golf. The cga championship rolls out. And jason day is 81, hes defending his title. Spieth 101, michelson 251. They moved up the pga earlier in the season to make way for the olympics next month. Got it. Back to the politics and politics, please. Victims of the orlando terror attack speaking at dnc. They werent talking terror, they were talking gun control. And get this, former defense secretary cia chief leon panetta booed and chanting no more war. Youll hear it next. If youre taking multiple medications, does your mouth often feel dry . A dry mouth can be a side effect of many medications. But it can also lead to tooth decay and bad breath. Thats why theres biotene, available as an oral rinse, toothpaste, spray or gel. Biotene can provide soothing relief and it helps keep your mouth healthy too. Remember, while your medication is doing you good, a dry mouth isnt. Biotene, for people who suffer from a dry mouth. Is the world truly ready for a vehicle that can drive itself . An autonomousthinking automobile that protects those inside and outside. Ready or not, the future is here. The allnew eclass. Selfbraking, selfcorrecting, selfparking. A mercedesbenz concept car thats already a reality. Mercedesbenz. The best or nothing. Were going to have to talk about facebook a lot today. Theres very good reason for it, it will blow away the stock price. The alltime high right from the opening bell today and a spectacular Earnings Report. Where will apple open today. It closed yesterday around 102 a share, we have news that they have just sold their one billionth iphone. Lower sales for whole foods, feeling the heat from competition. The stock has been down 17 since last july. It will open down a little bit this morning. Netsuite will be up way big. Oracles buying them, ash, for 9 billion. Ashley 9. 3 billion, 109 in cash. All about Larry Ellison of oracle, the biggest investor in netsuite. Oracle tried to catch up with competitors and this will help them do this. And theyll find out on google how much Larry Ellison is work liz more after the break, a developing story. Stuart lets get back to politics, why not. Former defense secretary leon panetta, the cia chief under president obama. He took to the stage and listen to what happened, roll tape. He praised his dictators from Saddam Hussein to vladimir putin. Today well, it happened several times, he was booed by the crowd and they chanted no more war, with us is pete, and good to see you. That was astonishing, that was a Democrat Convention and the guy really the only guy talking terror and they booed him off the stage. I found it incredible. The clinton loyalists, it reveals the true core of the Democrat Party which is antiwar, antimilitary, and in many ways antiamerican involvement or leadership in the world. And they dont care what Hillary Clintons Foreign Policy is and doesnt care that isis is on the march and why they havent heard it from the stage. Nobody wants war, stuart, but when its waged against you and theyre chopping off the heads of priests and burning people in cages, you have to do something about it and nothing from the stage on that. Stuart from a similar note, i watched the speech last night and he said semper fi and the audience was deathly quiet. I dont think they knew what it was, what it meant. They didnt know what semper fid fid fidelis means. His son deployed, and how they treated them in the white house, and no reason to believe it will be different under hillary. Before you go, you were speaking to a clergy member about the priest slaughtered in france. Call it what it is, radical, isis, radical islam, its something that exists, and its more of a philosophy rather than a state or a country, and how do you confront it is something that i think were grasping with peter, i dont think that our political leaders, our military leaders know how to confront it. Stuart i think that the murder of the priest in his church in france a couple of days ago, that changed the ball game. It seems to me this is now obviously a religious war, am i wrong . Of course it is for them and you heard it from father tom, a deeply religious man himself, he is he not seeing our political leaders taking it seriously and the Christian Faith which says turn the other cheek, we had a long conversation about that, ultimately if youre being slaughtered as christians are across the middle east and europe and potentially could be in the United States, youve seen it in attacks here, youve got to fight back. Thats not the churchs job, its our political and military leaders. We wont call the enemy what it is and guys like him, unfortunately we saw with that priest in france, are the target many times. At what point do our political leaders turn the other cheek . Pete, come back to new york soon. We could use you here. Thanks a lot. Stuart a couple of stocks in the news and moving. Ford Motor Company is going to be down big off 6 off lower profit. Donald trump taking heat from all sides from off the cuff comments on Russian Hackers and missing emails. Trump says he was being sarcastic, youll hear it directly from him next. You pay your Car Insurance premium like clockwork. Month after month. Year after year. Then one night, you hydroplane into a ditch. Yeah. Surprise. Your Insurance Company tells you to pay up again. Why pay for insurance if you have to pay even more for using it . If you have Liberty Mutual deductible fund™, you could pay no deductible at all. Sign up to immediately lower your deductible by 100. And keep lowering it 100 annually, until its gone. Then continue to earn that 100 every year. Theres no limit to how much you can earn and this saving applies to every vehicle on your policy. Call to learn more. Switch to Liberty Mutual and you could save up to 509. Call Liberty Mutual for a free quote today at liberty stands with you™. Liberty mutual insurance. I will tell you this. Russia, if youre listening, i hope youre obviously to find the 30,000 emails that are missing. I think you will probably be rewarded mightily by our press. Lets see if that happens, that will be next. Stuart okay. That was donald trump making an off the cuff remark about russia hacking hillarys emails, but the Mainstream Media jumped all over it. This morning, trump told Brian Kilmeade what we on the program thought from the start, he was joking and being sarcastic, roll tape. His client deleted 30,000 emails he will illegally and of course, im being sarcastic and the role people is what was on the emails. What was on the emails was completely disgraceful and that was passed over. And he said, hey, russia, if youre listening, i hope youll be able to find the 30,000 missing emails. Theres going to be rebukes in there and our press find out. Stuart and that was extrapolated out to be treason liz he said to be sarcastic, to find some lerner emails as well. And this has been whipped out of proportion. Stuart he did not ask russians to hack the emails. It was the left mike pences own vp, had to issue a statement saying this is wrong, so did speaker ryan, so you cant just call it the left, im afraid. Stuart im saying that that comment, hey, russia, if youre listening, i wouldnt mind seeing 30,000 emails liz but you cant china may have done it, it doesnt matter who did it. Listen, we have deployed so many thousands of people to gives bells and whistles from russia and china, you cant invite a kremlin hack, to look anywhere near that, it looks bad. Ashley it was a joke. Stuart thank you. Higher profits at the Cheesecake Factory, theres a segue. That was brilliant. [laughter] great to the cheesecake facto factory, how do you do that . Liz what a show. Stuart Cheesecake Factory will be up 50 cents. Groupon an improved outlook we hear and thats going up significantly. If they go up a dollar, thats a 30 gain liz good man. Stuart facebook stock. Day. When we say that, and its going to be straight up big time on the opening bell. Youll see it here. One last look, s p, nasdaq, moments away. This guy can segue. Ashley oh, yeah, Cheesecake Factory. Stuart get out of here. [laughter] now, weve got some time before the market opens. When i say weve got time, 35 seconds. Not going to stand here and talk for 35 seconds which i can do by the way. Ashley five gone already. Stuart 25 seconds. [laughter] okay. Were going to open ever so slightly lower. What is important on the market is oil. Were down to 41 a barrel. As oil goes down, stocks tend to come down, in the old relationship well get back to that. Hark, i hear the bell ringing and look at the clock, three, two, one, there we go. This can segue. Ashley cheesecake. Stuart 18, 453, there we go, a lot of dow stocks are in the red and were off 24 points in the first ten, 15 seconds. The opening direction is down 30. The stock of the day, no question about it, its facebook. Blowout numbers and that stock is just opened with a gain of very close to 4. 3 , 127 on facebook right now. Who is with us . Ashley webster, liz mcdonald, larry levin, shah galani and i want to talk about facebook, start with you, shah. The stock at 127, where from here . Nowhere, but higher. The company is incredible. The mobile ad space is getting larger, 1. 7 billion monthly users. This is a quarter of the population of the planet and half the people on the internet are on facebook. So theres nowhere to go for this company, but up. I think well probably see this. Stuart larry, youre a commodity guy. Your opinion on facebook at 127. 89. Youve got to buy it on the high. And to be honest they havent gotten deep into Virtual Reality and thats is with oculus and just Getting Started with that. Stuart theyve got the oculus wrap around. Ashley Virtual Reality. Stuart right now the top most valuable companies in america are all technology companies. Theres a switch for you. Weve got apple, google, microsoft and facebook, those are the Great American innovators and theyre all american. Look at them. All of them up a bit more today. Those are the most valuable companies in the United States of america, amost valuable in the world. Thats American Innovation and thats america right there. Yeah, it is, theyre fantastic companies and nowhere to go for the market, but higher here. Unless theres something from overseas, something can happen, but these stocks are indicative of what is the strength in the marketplace. Apple had a great bounce and hopefully sustain that liz its amazing. Stuart one second, liz. One second. Youre in touch with investors. Yes. Stuart in my opinion, investors are putting money into American Technology and thats where all not all, but most of it is. Its leaving the markets higher. Stuart sorry, go liz facebook is one giant app, right . Five of the Top Seven Companies in the world are tech. The two are exxonmobil and berkshire hathaway. And facebook is positioned behind those two in market value. Tonight, weve got amazon reporting its earnings liz thats right. Stuart im thinking that amazon is number six, number seven . Amazon is number seven. Number seven. If they come in with a spectacular Earnings Report and amazon could be in the five five. You know, bezos is now richer than warren buffett, i thought youd like that one. And here is the deal for amazon is crowd services, netflix, verizon, expedia, they use the Cloud Services and jeff bezos wants that you had onset to recognize human emotions. Thats what hes pushing for, recognize your emotion and it would explode. Ashley take a deep breath. Stuart thats fascinating. How on earth can it tell the emotion of someone . His dream was tar star techs command control bridge. Stuart jeff bezos owns the Washington Post, the Washington Post is the most rabid antitrump vehicle in the whole planet. I guess youd approve of that . No, not necessarily. In fact, im quite worried about facebooks success, weve seen them censoring conservatives. You could argue that Mark Zuckerberg is one of the most powerful. And facebook is rising and i think that politics and business meet in the network. I gave you an opportunity and you didnt grab it, very good, louise, thats a segue. Check the big board, not a lot in the early going. Were down 22 points. S p 500 a similar story, down just a fraction in terms of percentages. Ford Motor Company is moving down, off 5, 6 , i believe, their profit is down and so that stock is also going lower. And we have ford 8 . Theres a drop. Go pro, profit and revenue fall, the stock is up 6 , can you explain that . Theyre going to do coming out for the Holiday Season, the hero five and the company says its going to be profitable so that gave people some, perhaps, thought that this can turn around. Lets bring larry back into the discussion. Liz. Oracle and netsuite, oracles buying netsuite for 9 billion. Larry elliss is cofounder of oracle. I guess he gained value, does he not . More after the break. And those are the stories, and the pga championship tees off today. And moments from now, i believe. Do we want to take a look at a pure play in golf . That would be callaway golf. I think the stock is actually down today. Yes, it is down 7 . Nicole, come in, please. Explain why callaway is down when the pga starts. Well, the company basically has been seeing a tough time of it. It was break even and pretty much inline. Going forward, they see a cautious tone, the stock is down 7 and a half . Theyre giving the good spin to it. Weve seen the categories in every region. They have the big guys under their umbrella. I mean, nike and under amour they compete with, but they have the winner of the british open. And how about phil michelson, a close second and now kick it off at spring, new jersey. Well see if they can steal the show. Stuart if you want to take a fleer on any of them. Gasoline, 2. 14. What it means, gas has come down in 45 of the last 46 days. And larry, what is going on with gas. And everyone knows the oil situation, not really a gas situation, they run together, but Everybody Knows that oil is not as valuable as before. Theres a lot more here in the u. S. And prevented oil from getting over 50. Once it got to 50, now were almost 40. I think its going to keep going down. 46 out of 47 days and gas is going to continue to move in the same direction. We could cheer that on. If it werent for the price of crude oil itself. Lower sales at whole foods, feeling the heat from the competition. Bad pr. They were accused of price gouging and the battle with food and drug administration. And then the food prep company that they get that out of. Thats not good. Profits down 22 . Samestore sales missing expectations and theyre trying to reinvent themselves and its a hard go. Stuart that thing has come down sharply recently. Okay. Look at the dow over the past month. Up as we said almost 8 and thats the dow in the month of july. And shah galani is with us. He is a perma bear know not a perma bearish. Climbing the wall of worry. [laughter] i have been wrong, but im not wrong yet because. [laughter] well put. And its spinning off 86 in earnings and based on historic norms, almost 26 times those earnings, thats at the high end. Thats in nose bleed territory. If anything, if any extraneous jut comes from the brexit or something elsewhere in the world. And the market could fall quickly. Its Going Forward because theres no where else to go, but the american tech stocks, american stocks, theres no yield anywhere else and the market is the beneficiary. The u. S. Market is the beneficiary whats going on globally. It doesnt mean that thats not proper. Thats the trend and you stick with it. Where else do you go for some yields. I want to get back with facebook and compare it with twitter. Look at the oneyear chart and obviously weve got facebook on top of the blue line and twitter on the bottom, the yellow line. Liz. The growth rate in revenue is slowing down. Thats really bad. Twitter is. Whats happening, twitter has to keep those eyeballs, those people on their website for longer. Then other words, 15 minutes, versus facebooks 20 to 30 minutes and thats a big deal because advertising, you sell ads, too. Yes, theyre going to life stream Major League Sports themes and guess what, facebook is doing that and so is google. Theyve got a lot of competition there, too. Stuart doesnt anybody want to buy twitter . Liz you mean the company . You mean a company to buy it, right . And i think its the only hope for the stock. And ive been short the stock and at some point. Im getting worried that the valuation is falling, too. Someone becomes a candidate for a takeover. How bad is jack dorsey, a terrible, liberal, biased ceo. Now were beginning to be right back. No, were did you notice last night there was very, very little talk of the economy at the Convention Last night, very little talk at all. Barely mentioned. Why not . Shah galani . Because i dont think democrats have anything to say about the economy. The Obama Administration is lackluster, tepid growth. We move forward, take two steps back and i dont think that democrats have a position on the economy thats worth listening to and probably why they had nothing to say. Larry in chicago, what do you say . I mean, you know, if you asked me how my life is going im only going to tell you the good things and keep the bad things from you. I guess thats the smart way. Stuart i hear you all the way from chicago. Louise . If the democrats are going to boo National Security theyre going to boo business. American tech stocks are great right now and the democrats dont want to talk about it. Stuart doesnt it sound good with a british accent liz the words Economic Growth awol, were slower than canada and europe right now. Stuart and larry levin, good to have you and louise. Now were moving down a bit more, just testing 18,400, down 70 points. Now this, all charges dropped for the Police Officers charged in the death of freddie gray. The attorney standing by her decision to prosecute and donald trump had choice words. Youll hear next hour. And it was a love fest, president obama talking about Hillary Clinton saying she is the most qualified person for the job ever. We will deal with that, believe me. You know i love you ill always be true, so please love me do oh, please love me do i know what i can expect from usaa because i have my checking with them, my savings with them, my credit card with them. And then i learned i have this usaa car buying service. The usaa car buying app was really helpful. All the information was laid out right there. I was able to see the savings that i qualified for. It makes your life so much easier when you have to purchase a car, so ive been telling everybody. Usaa car buying service, powered by truecar. Exclusively for usaa members. 50 points lower after 15 minutes. And the stock of the day bottom right of the screen, facebook huge numbers in terms of subscribers, people using it daily, monthly, enormous numbers and up it goes. 126. 50 at the moment. Grub hub, order food online and have it delivered. 52week high, look at it go, 22 on grub hub. Gnc, they replaced the ceo and suspended on profits, the stock is down 18 and gnc. Ive got news on sesame street, theyre getting rid of the human actors on the show for decades. Time warner, by the way, owns h. B. O. Why are they doing this . La liz youre privatizing an educational show supported by public funding, are you moving toward animated characters and muppets or puppets, than actors who have been with the show for 45 years. Stuart why . Liz maybe animation and make more money that way. Ashley vacations and Health Defendants liz labor costs and kidding, kidding. Stuart we should have a graphic for sarcasm watch. Here is liz liz and ashley. Stuart and president obama looking at the track record, saying she is the most qualified for the job. Roll tape. I can say with confidence there has never been a man or a woman, not me, not bill, nobody, more qualified than Hillary Clinton to serve as president of the United States of america. Stuart theres a difference, surely, between experience for the job and qualifications for the job. Rich lawrie from the National Review is here. I draw that distinction strongly. First of all, recording sesame street, can i make sure assurance youll never go to cartoon animated. Stuart you got it. [laughter] most qualified is ridiculous, just look at last few decades, Richard Nixon, member of the house, senator, vicepresident for eight years, go back to the 19th century shall James Buchanan, house member, senator, secretary of state. Ambassador to the u. K. , ambassador to russia. So this is ridiculous. And an exaggeration, but they do look at the polling and they see this is an advantage of hers compared to trump and they want to accent it. Stuart isnt it time to change . How can you get change from someone the first lady of arkansas, first lady of the United States, senator, secretary of state. How do you get change . This was a major weakness of bill clintons speech, an effort to put her a changemaker, an awkward phrase, according to bill clinton it was to the 1970s. Shes been at this game forever and the question in this election, weve talked about it before, a change election, trump is a candidate of change, the question is whether people consider that change acceptable or not. Stuart very good point. I think you know that president obama has cleared his schedule for the month of october, he has gotten rid of everything, out there campaigning for hillary, is that a plus . This goes to the doubleedge sword nature of it. President obama did his best he could promote her last night and hugged her at the end of the remarks so shes running as the obama third term. And hes at about, you know, high 40s, sometimes in the low 50s approval. So hes right on the cusp there of it being a benefit or a drawback. If i were her, id be hesitant wanting to run as the obama third term in this environment and hes never proven, although hes an effective campaigning, hes never shown his popularity is transferrable to any other politician. Stuart she has a speech tonight, will she embrace him as he did last night. Were down 58 points now, 58, look at market scan, a lot of red arrows for the dow 30 so its largely a modestly down day. Three victims of the orlando terror attacks spoke at dnc last night they were not talking terror. It was all about gun control. Well get the grips with that in a moment. You pay your Car Insurance premium like clockwork. Month after month. Year after year. Then one night, you hydroplane into a ditch. Yeah. Surprise. Your Insurance Company tells you to pay up again. Why pay for insurance if you have to pay even more for using it . If you have Liberty Mutual deductible fund™, you could pay no deductible at all. Sign up to immediately lower your deductible by 100. And keep lowering it 100 annually, until its gone. Then continue to earn that 100 every year. Theres no limit to how much you can earn and this saving applies to every vehicle on your policy. Call to learn more. Switch to Liberty Mutual and you could save up to 509. Call Liberty Mutual for a free quote today at liberty stands with you™. Liberty mutual insurance. Two big names, you know them and they are the biggest losers of of all the 500 stocks on the s p. Weak outlook, lower sales at whole foods, down 7 . Weak profit from ford, weakness in china, down it goes, 8 . How about this . Russia will hold their own games, the russian athletes their own games for their own athletes banned from the rio olympics. Whats this . They call it stars 2016 and give all the athletes banned a chance to compete against themselves and those that didnt quite make the olympic team are going to be involved in this, about 135 athletes, how unique is this . Its so russian. And also, the track and field athletes are banned indefinitely by the International Association of athletics federation, but the Olympic International committee, god knows how many committees they are, balked on this and refused to endorse that blanket ban and upset so many people and threw into the individual sports to decide whether theyll let the russians in. The ioc is getting lots of pushback on this. Stuart my comment is, its a tragedy for the rio olympics and for the concept of the olympics. And for the country, brazil. All right, victims of the orlando attack, they were on the dnc stage last night and they called for stricter gun control laws. They did not mention terror. Rich lawrie is here. Why dont the democrats ever make a point of terror when its clearly the issue thats front and center for so Many Americans . Theyre obsessed with gun control and feel as if the tide is running in their direction on gun control and theres been a tick up in the polls for support for gun controls. Not a huge one. This is an issue where intensity matters a lot. The people who vote on this issue is n. R. A. Members, gun owners and afraid of losing their guns. Even if they show support, that can be misleading. Stuart were showing the gun stocks, theyve gone straight up. President obama has been the best thing for gun manufacturers ever. Stuart you cant change the terror story and make it a gun story. You cant really do that, the public wont buy that. Terror is terror. Its a threat to all of us and its getting worse and worse. I think theyre running away su dominate the election. Correct. The problem with gun control, also, is that, look at San Bernardino and orlando, those perpetrators when they bought their guns they werent on the terror watch list and didnt buy them from gun shows and passed background checks. And so everything they support would have nothing to do with stopping these acts. Stuart rich lowry. Thank you. A and donald trump leads Hillary Clinton in the real clear politics poll. One point up. Climate change scare tactics at the dnc. Well show you the terrifying video from last night. You wont believe this. One astonishing development after another this election year, it has been a cascade of politics. But please, dont overis look the equally astonishing performance of Americas Technology jog naughts in particular facebook. Last night they blew the world away with that latest Financial Report. We usedded to apple or amazon winning big. But facebook was something else. Ive got two very very important numbers for you. 1. 1 billion thats the number people who use it every day. 1. 7 billion. Thats the number of people who use it at least once a month. Nearly a third of all of the people on the planet are are on facebook. Just as important, the way we use it. How many people woke up this morning and watch this . On facebook instead of watching live last night they watched it this morning on facebook weve reached the point where we share each others lives on live video. Now this is a communications revolution, and facebook leads it. Its a financial revolution too. The four most valuable xans in america are technology companies. Google, apple, facebook microsoft. Move over big oil. Back to get become there general electric, an retailers oh, forget it. Technology rules. American technology rules. Second hour of Varney Company about is to to begin. Of course well cover politics, of course well cover facebook. But look at this ive got breaking news for you latest read on the housing market. Mortgage rates . 30 years freddie mac 3. 84 thats up a tick from 3. 4. 5 the week before. By the way, Mortgage Applications to buy and refinance a fallen 11 in the last week. Did you notice that . Going to refinance have done it and sometimes done it twice. You cant go much lower on these rates. Theres a lack of homes for sale right now and prices have been is rising so combination of that has lagged the market. I have this dead wrong couple of weeks ago when the yield on tenure treasury dropped 132 i thought 30 fix rate mortgages here we come. Well three and a halfs percent ive got it right. Very, very sorry. [laughter] any response on home builder stocks we have 348 of the 30 year fix rate loan. No, i dont expect any reaction, there you go. Big names were watching them lower profit in the outlook from ford its down, groupon outlook with down four 8 . Grow on now turned up, 27 . [laughter] thats a big turnaround. [laughter] how about whole foods lower sales feeding competition down it goes. Big movers with big names here. Grub hub you know you order food online you have it delivered strong results 52 week high up 23 but stock of the day is facebook. Emac youve got something to add to the facebook . Oir you know what Mark Zuckerberg said moving it a world where video is at the heart of our services that is a big deal. In other words, theyve got that 360 video where youre inside games looking around 360. So this is bairvegly turning facebook into possibly like a Live Streaming real time tv station. All sorts of ethical issues as well for facebook here. Can you imagine Walking Around with a oculus receiving live video from inside your head almost from around the world Walking Around . Can you imagine that . Can you imagine the accident . Bad enough looking at a phone now walking into walls. Because i told everybody many times i was texting in old days with my blackberry walked into a lamp post. You said that on national tv. Now to politics. Stuart National Polls before start of the dnc show donald trump taking a slight lead 45. 7 to 44. 6. First time hes actually been in the lead. From the Weekly Standard fred barnes is with us now. So trump are is in the lead. Why is that, do you think . Because people like him. [laughter] and you know, you know what people remember, you know what had my wife remembered here that introduction by ivanka, his daughter when trump spoke last week at the Republican Convention, and she said when she was a little girl his advice to her was think big. And he does think big and thats one of the reasons people like him. They think he can do things that politicians in washington cannot, of course, trump says hes only one who can do this. But a lot of people believe him. Classic case yesterday where donald trump gave a press conference that actually on this you can agree to watch it on this Prime Minister off the cuff. No prompghter no notes rapid fire answers to questions. But direct answers, i think every day people like that. Elites picked up on implications, you know, the ordinary people loved it. The media just picked on anything does that constant dichotomy between elite and how people feel. How or or pa am i going wrong here . Not wrong at all. And the media likes Hillary Clinton. Who sterns them. I mean, she did you want have press conferences not the one to answer questions and trump is available practically 24 hours a day and has been for the last year since hes been a candidate. You would say think they would warm up to him some just because of his availability but that hasnt happened. I want to roll a clip by joe biden talking about middleclass and donald trump. Roll that tape. His cynicism is unbounded. His lack of empathy and compassion can be summed in a phrase i suspect hes most proud of having made famous youre fired. Hes trying to tell us he cares about the middleclass, give me a break. Thats a bunch of malarkey. [laughter] stuart ive got to say fred we follow this very closely, male class is shrinking during term of president obama two terms middleclass has shrunk and buying and spending power is less. Whats with that comment last night from joe biden . I think it was a mistake joe biden didnt give a very good speech or Department Help at all. Only one that helped i thought in particular wases tim kaine. The Vice President ial running mate for Hillary Clinton, and thats because he sort of mocked the way trump speaks you know when trump says you know something and believe me. But other than that, you know, i think people like it when trump on television would say youre fired. I think biden missed the missed the vote and so did president obama. President obama was trying to tell people how great things are. Oh, the economy is wivel, wonderful when twothirds poll after poll after poll that you and i have seen stew, and show that the hern people think that the country is not in good shape. And is getting worse. Youre right. All right fred thank you very much indeed and see you again real are soon. I hope thank you, sir. Good. Stuart day three of the dnc im going to call it chaotic again. Outside protesters were breaking through fences and yes there was some flag burning. Actually one guy tried to light the flag and set himself on fire. And love to bring you that video. [laughter] inside the arena, the lights were dimmed over the aragon and waddell gats an attempt to silent you can see it on the right there. They took lights out. They were trying to silence bernie supporters who were chanting, no more wars during lee on panetta speech and turned lights down to keep him out of the picture. Right. Stuart and antitranspacific deal sign, no tpp all over the room last night especially during senator tim kaines speech. Cam are a holder is with us. Not going well for you guys but make your case. You know, i know i cant win. But im still going to at least try. Look, there are definitely tensions here and for any democrat or anybody here to deny that is a liar. But that being said, you know, every family has dysfunction. Some families have more than others i know stuart you have a perfect family but theres dysfunction in my family, and you know thats what were seeing here. Were seeing dysfunction and people who are upset Bernie Sanders supporters. There are people who have somebody who lit on fire because they burned a flag and caught on fire. Which is atrocious. Stuart this is not the smooth flow towards the coronation of Hillary Clinton that everybody was expecting most democrats were hoping for. I just dont think its worked out the way they wanted it to. I think that youre wrong. Ting that every single day for people who have been in that arena and have seen every single speak or Hillary Clinton is planked by her friends and not just her kids or kid, but people who have worked with her for 34 yearses who have supported her. Who are experienced with her and not just one thing about isis or benghazi. It is every single solitary it shall that you could imagine Hillary Clinton has touched her fingers on and has worked through thats what people are seeing of course you have a dysfunction and of course you have protesters but that makes America Great is that its not all perfect all the time in your family. In america. Okay lets suppose that Hillary Clinton did a press conference. And lets suppose that donald trump does a press conference. Which press conference would you rather watch, tamara . Well im glad that you asked me that because i think i got bumped for Trumps Press Conference a couple of days ago by you. But everybody [laughter] everybody likes and i ill forgive you. We know perfectly well when donald trump takes to the microphone and answers rapid fire questions everybody likes it and everybody watches. Because he speaks directly. Of course, donald trump definitely has that entertainment appeal. He has the apprentice, he has as joe biden brought up youre fired as his trade mark phrase. Thats not what america is about. And its not about that or following and seeing what tweet is buts its about a relationship. Ive been thinking about this trump wanted a university in his name. If you think about who really given to society, they give to museums, they give to hospitals they give to art, and that is not what trump is about. Trump is about himself. Trump is about adding something to his resume. Sounding defensive there but we wish you well on fourth and final day of the dnc get together. Tamara youre all right. Thank you for not bumping me. Tamara holder everybody thank you very much. The democrats call Republican Convention dark, and grim yet a chilling video was shown last night about Climate Change. It brings warnings of death, destruction, famine how your Children Play for part of it. Trump supporters lining up to shake the hands of Police Officers outside a trump event in ohio. A very different scene to the one in philadelphia. Weve got the video. Trump are also coming out against Marilyn Mosby state attorney charged in arrest and transportation of freddie gray trump had this message for mosby. I think she ought to prosecute herself. Okay thats my reaction. I think it was disgraceful what she did. If you suffer from a dry mouth, then youll know how uncomfortable it can be. But did you know that the lack of saliva can also lead to tooth decay and bad breath . Well, there is biotene, specially formulated with moisturizers and lubricants. Biotene can provide soothing relief and it helps keep your mouth healthy too. Biotene, for people who suffer from a dry mouth. Youve wished upon it all year, and now its finally here. The mercedesbenz summer event is back, with incredible offers on the mercedesbenz youve always longed for. But hurry, these shooting stars fly by fast. Lease the cla250 for 299 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. The Dow Jones Industrial average is now down exactly 63 points at 18,400. Apple is back over 100. Very close to 104 now. Whats this new milestone . Finally one billion iphones sold. Theyve hit that hallmark that position for it. Despite two straight quarters of falling sales so this is a key for tim cook he wants to sell more services you do more things on your phone. Ill fell you something that next version of iphone will annoy everybody. Theyve sold a billion iphones. Correct. Stuart dont they cost maybe 500 a pop . Coming down a bit. Stuart thats 500 billion worth of revenue that is half trillion over long time in nine years. But watch this next iphone is annoying people you have the same port for your headphones as you charge it that means you have to buy new headphones thats irritating. Stuart for the course you have to buy new everything when you get a new iphone charger everything else. Now this donald trump asked about Marilyn Mosby shes the maryland state attorney after all charges were dropped against the offices in the freddie gray case and in trump fashion. He did not hold back. Watch this. I thought she ought to prosecute herself. Thats any reaction. I thought it disgraceful what hd she did and the way she did it and News Conference where she had that they were guilty before anybody even newt facts and i give a lot of respect and a lot of credit to those Police Officers who probably could have made a deal. I give a lot of respect. A lot of credit that they stuck it out. She should prosecute herself and be held accountable. Just about the same time that donald trump was saying that, mosby herself was holding her own News Conference. Now she was defiant. Roll that tape. But donald said believe that im antipolice. Its simply not the case. Im antipolice brutality. We do not believe that freddie gray killed himself. [inaudible] we we stand by the medical examiners dernlings that freddie grays death was a homicide. Were bringing now Fox News Contributor Kevin Jackson kevin welcome to the program. Good to see you sir. Thanks, stuart. On one case for a moment and asked you a broader general question. Why have Race Relations actually worsened that would been my opinion worsened over past seven and a half years with the first black president in the white house . Not just opinion stuart but of america, and main reason when when barack obama got elected the left believed to solve the race problem but it essentially exasperated it because left is blacks believe that gave them a license to become more militant. You heard Marilyn Mosby give the speech where shes exonerating the Police Officers and it didnt sound like a districttorian or somebody who was from the legal field. It sounded like a militant it sounded like a member of the new black Panther Party talking about how i think this is and justice was still not served. This is a person who made the call after four common rations of police to say you know what were done with this. And instead of easing tensions, she stoking the fire. Is there such a thing as the race business in america where activists have no interest in getting together and every interest in division, the race business is alive and well . I so wish that i had a copy of any book race pimping to put in front of everybody. Eyeah i wrote a book about it. What youre witnessing right now in america is exactly what i justingly wrote by telling white poem they need to get involved in a race pimping business thats that is multitrillion dollar business of liberalism. And look stuart when you look tat race in america, look at colleges and universities and billions of dollars every year teaching people how to be racist they have these ethnic studies classes all of these things that divide people, theyre not teaching people how great this country is. They teach division. Look at corporations in america how much money they spend on the idea that weve got to have a black Police Situation and mexican Police Situation and latino bid and its not about Building Business any longer its about playing through the losing my words here but the environment that they want to create and everybody has to be represented in the company. Companies want to be in business to make money but not in business for social engineering that was the term im looking for for social engineering but theres so much money in it. I want our videos to see supporters in an event in ohio. Lining up to hands with the cops. The dnc, however, is seems to me to be the exact opposite another opinion from me i read your notes kevin err youre saying dnc slapped cops in the face bit strong id say. Well its not strong thats what they did they have Police Officers at the convention but they department have the wives of the fallen or husbands of the fallen Police Officers as i said before they didnt have anity of the victims of black time but they showcase these mothers who by the way many of whom raise thugs. They were showcasing the mothers of women who raise thugs who try to kill cops and try to make this the new their tiff that police are bad. Look, theres 600,000 Police Officers in this country. Their families are impacted. The democrats have shot themselves in the foot but its not just a slap in the face to the Police Officers. Its a . Rapt face to this country. Because we are a country of law and order. Jackson thank you very much for being with us. I think this is for yirs time on the show i think it is youre welcome back any time. Kevin thank you very much. All right stuart. Stuart yes, sir. All right we have scare mongering ath dnc. [laughter] wait for it. A famous hollywood director making this Climate Change video for hillary. Death and destruction if President Trump emergence but hillary according to this video will save the world. We have more of it and glossing over the economy join their speeches last night where they did mention it. They said america has the strongest economy in the world. Well fact check that in a moment. Flesh bend me shape me, any way you want me as long as you love me, its alright bend me shape me, any way you want me. Shape the best sleep of your life. Sleep number beds with Sleepiq Technology adjust any way you want it. The bed that moves you. Only at a sleep number store. Stuart that, i get it thats staying alive. That continues. Okay. Well speaking of that, youre looking at video from a dnc on Climate Change. Listening to more on what is absolutely fear mongering. Roll tape. Miami will be underwater its just a matter of when. Crops are failing. Food prices are rising. Communities are threatened. Our children are at risk. Im not going to let anyone take us backward. Tonight our Clean Energy Future or hand our children a dangerous world, destabilized by Climate Change. Im worried. By the way, director of that little movie there was sam guy who did the titan pick James Cameron. Little extreme wouldnt you say . What will hit the world iceburg but it cant because its melted. World is coming to an end. Predicted world was coming to an end last year. Ill tell you something lindsey graham. John mccain said yes Climate Change is happening. But whats a fix, you know, about is it by the way what causes it thats the issue. Theyre assuming that end point of Climate Change is planetary disaster. That were all going to die. Theyre taking this extreme position extrapolating from some very small increases in temperatures in the last ten, 15 year ares. In order to regulate it to get more money to get around the world. I mean, theyre talking about regulating the co2 exhaled by your mouth come on. So yeah i think this glacier is melting ive seen them melting i think its bad but due to solar activity . What is causing it manmade . Whats consensus there thats the question. Climatic cycles happen. Another direction. Stuart individual stocks a lot of them are moving this one in particular marriott not moving that much. They cut their forecast and its down 62 cents. Holly davidson has trimmed its sales outlook. No big deal. Its up 5 cents i promised you stocks that move sorry about that. Harley davidson flat. Touting the economy he said its strong. Now the jobs recovery is complete. We will fact check that in just a moment for you. If legalzoom has your back. S, over the last 10 years weve helped one million Business Owners get started. Visit legalzoom today for the legal help you need to start and run your business. Legalzoom. Legal help is here. [announcer] is it a force of nature . Or a sales event . The summer of audi sales event is here. Get up to a 5,000 bonus on select audi models. Stuart dow goes down 16 points at 18,400. Price of oil at 41let go to mastercard higher profits at mastercard, as consumers are indeed spending more on their cards. So its up a buck 77, 95 on mastercard. Go pro profit and revenue down but a good Holiday Quarter with a new camera coming out called hero 5, look at it go 18 on goh e pro. Gasoline National Average is 2. 14 down 45 in the last 46 days. Ive got some titans Technology Titans for you these are all american they are among the four most there among most valuable companieses in america as we speak. Apple alphabet microsoft Facebook Watch them go, they are american companieses. J five of the top seven are tech tien tays thats astonishing considering that brook shire hathaway and common mobile around for decades some of these companies have been around for a couple of decades. So fact they have it so rapsdly and a some of them could be considered app into the websites, i mean thats astonishing. Facebook in particular from nowhere. Fast. It was harvard dorm room of zuckerberg. Coining that new apple iphone theyre impact on us as individuals around the world is just like the impact of the iphone what nine years ago. Yeah. Transformed everything. Stuart 1. 7 billion use it once a month. Or more. By the way Larry Ellison worth 50 billion. You got there. Allowed [laughter] stuart all right even president obama and joe biden tout very, very briefly they talked economy yesterday are. They say were back. Watch this. After the worst reare session in 80 years we our way back. We have seen deficittings come down and autoindustry set new records. Unemployment reach 8 year lows. And our businesses create 15 million new jobs. Not only do we have the large pest economy in the world. We have the strongest economy in the world. Most productive workers in the world. Peter from the university of maryland, you heard that president what do you make of the president and Vice President s on the economy . Theyre smoking dope thats absolutely absurd. [laughter] first of all ronldz reagan had a deeper recession but lets put that aside. The middleclass is shrinking wages are stagnant, and look at the social indicators. Suicides are up. A drug abuse is up. A Home Ownership is 48year low and middleclass is absolutely dissolving, this is the basically the party of this College Professors who sit around all day and dream up ways to raise taxes. Where are we going with this economy . Ive got your analysis. Where are we going with it . After the election lets suppose that hillary comeses in and is the president. Where does the economy go . Well well continue to have mediocre growth Ronald Reagan growth registered 4. 6 growth after peaking at 10. 8 unemployment. Barack obama 10 unemployment peak with 2. 1 growth. Thats barely enough to keep things going thats why so many young people with College Educations are working at starbucks. Coined side from the fact that universities dont educate them anymore. I want to talk about donald trump, now weve not received full plan for the economy coming down the pipe but includes tax cut for individuals and corporations. What happens if hes the president what happens to growth in the economy . Let look at the renaissance in Great Britain hardly a blockbuster economy but compared to 30 years agos its in great shape. Why . Theyve cut corporate taxes to about 18 . Ours are almost double that and hillary wants to raise them some more to pay for more giveaways. She will do something about trade. We have an 800 billion dollar trade are deficit on manufactures. It was right when he said that in his speech i was getting calls from Fact Checkers my phone was lighting up with fact check hadder calls no surprise they couldnt believe he was telling the truth i said yeah thats right by the way they lost interest when i told them how to find the data. I think hell do something about trade. I think hell do something about regulation, you wrap these things together and have a vibrant economy. Hillary clinton is going to save us from a global apocalypse from a game show with that video she showed us last night. Hillary is the messiah. I got it. I got to move on. Tenured professor of economics you need that let me tell ya. I want to bring in another money man economic avers to president obama or he was, hes a former chair and ceo of ubs americas. Hes a friends and surrogate robert wolfe is with us again. Robert. Thank you. Im glad when i went to wharton he wasnt my economics professor because i would have challenged him on everything he just said. Stuart i know youve got a pedigree in this business you know what youre talking about. But how do you answer this . The middleclass is shrinking. It is. Buying and spending power for the middleclass is down from where it was before president obama took office. Weve got a 19. 5 trillion dollar debt but forget deficit. Debt, 19. 5 a trillion only 2 growth in each of the last 7 years. You cant say that that is the strongest economy in the world. You cant say we want more of this. Can you . Well, one we are the strongest economy in the world. I mean thats a fact. And Everyone Wants to be in our economy. Thats why are were number one in the world in Foreign Direct Investment and thats why were number one in the world and people wanting to invest in the u. S. Dollar. In the u. S. Markets. So factually speaking what is said last night is accurate. Autosales went up. The recovery has been 75 straight months. Its over 15 million jobs no one is saying its great. But to say that the fact sent last night is wrong is inaccurate which was wrong what had fact was wrong about last night when they talked about where we are . It is not strongest economy in the world. Britain has britain has a better growth rate. Oh, come on. Britain chance of britain going into recession versus chance of the u. S. Going into recession is exponentially stronger growth rate than the u. S. Yeah, i would challenge that post brexit. Britain has a stronger growth rate than the United States. Okay, all right you say it. Not going to challenge. Fact check all day long. Okay. All right 19. 5 trillion dollars too much debt. Out there with you. Stuart the president tried to say he got the deficit down. A deficit and debt. Its higher than any other year by any other president in history. You know that. First of all, and you know being a business guy, most people when you think about debt should look at debt to gdp because if gdp was 100 trillion, and debt was 50 trillion, you actually wouldnt be that concerned that debt to gdp was at 50 . You would be best in the world. So you have to look at also debt to Social Security medicare, medicaid. No youre wrong. Totally wrong pushing towards 100 with factor in entitlement. Not to gdp its about yes, you are if you look at gdp and factor in entitlement, medicare, Social Security, all in, were pushing toward that. Numbers you cite dont include that. Okay. Lauri justing your number thats all 19. 5 trillion. Stuart i want to say where with we going . I agree with you stuart were in agreement theres too much debt. No one challenge hadding that. Im not at all, and best way to make sure we do better is to get growth up and thats the middleclass so only in agreement on that for the fact that last night were inaccurate thats all. Were in disagreement about how we get 4 growth which we need. No, im with you how we get there i think its most shift we have to do is infrastructure. And ive been touting that. Pfnlgt no youve got to cut taxes. Come on man youve got to cut corporate taxes and cut big taxes. Youve got to get private enterprise going this is not america is not all about government. Government enterprise. Its private enterprise. Two i think this things 100 f business tax reform, and yous you as you know it wants tax reform to be at 25 , and taxes at 28 thats going down by the way. Thats not going up. And secondly, on infrastructure im talking Public Private partnerships. Not government. Okay. Big difference. Happy to have that any time you want. We disagree but look robert youre a good man and we accept that. And youre a good man too. I dont know about that. Robert wolfe everyone it is a pleasure having you on the show and youll come again. Look forward to it. Quickly to the markets amazon now theyve been on a roll recently they report profits after the bell today. Hows the stock looking this morning nicole . Well lets take a look right now were seeing amazon trading at 743 thats up almost 1 reporting after the bell youre likely to hear about a lot about amazon prime day where the estimates are they brought in 400 million in sales so they dont break it down. And they have reported sales growth so well watch for their services, net profit and bush bank says buy on bank so still high on amazon. Watch amazon from after the bell right here on the fox business network. That will be 4 00 this afternoon. You will find out all if amazon how did they do . Chaos outside the convention, thats an image of a coffin with world dnc painted on it. How about that . Protesters say that democracy is dead. Didnt see that in cleveland, did you in meanwhile trump stealing the headlines on he goes rallying campaigning. Taking a tension away from the democrats. More on that in a moment. He dominated. Just incase you forget varnny and Company Begins at 9 a. M. Eastern every day. Heres what you missed last hour. Qualified ridiculous just look at last few decades Richard Nixon member of the house, senator, Vice President for eight years. Go back to the 19th century James Buchanan house member, secretary of state, ambassador to the u. K. Ambassador to russia. So this is ridiculous, and exaggeration, but they do look at the polling they see this is an advantage compared to trump and they want to accent it. Well, elton john can say about philadelphia freedom. Watch this. This is chaos outside the philadelphia convention. They climb those fences, they breach the fences some flag burning. I wish we have the video of the guy setting himself on fire trying to light the fire. By the way, trumps name was mentioned over 150 times just last night. Heres a sample. The donald is not really a plans guy. Donald trump has a passion too. Its himself hes not really a facts guy either. Trump says he wants to run the nation like hes running his business. God help us. I know plenty of businessmen and women who have achieved reare mark public success would have leaving trailful lawsuits and unpaid workers donald trump with all of his rhetoric are would literally make us less safe. Folks, you cannot believe one word that comes out of Donald Trumps mouth. That was just a sample. Byron nork is yours and donald trump stole the show and at night trump bashing stole the show. He was everywhere yesterday what do you say . He was everywhere tim kaine does a poor donald trump presentation needs to work on that. But its interesting there used to be kind of an unspoken agreement that a candidate and campaign would go dark for a week that opponents was having his convention. Hillary clinton didnt quite do that but mostly did it last week and donald trump has just blown that tradition completely up. And by the way yesterday he came out. Hold on a second what our viewers can see on lefthand side of the careen is six different stations cable channels i believe mostly. Channels which all ran donald Trumps Press Conference yesterday morning that ran for an hour talk about domination im sorry i interrupted you. But keep going. Absolutely hijacked the news day, and i actually talked to some Republican People some veterans of the Romney Campaign who thought this was actually a pretty good idea because one, trump relies on free media for a lot of exposure you know Hillary Clinton not only with a convention is running millions and millions of dollars in ads. Trump is not. This is one way he gets exes pow sure. Another big reason he did it is because he can. Mitt romney and john mccain went quiet during convention in part because when they came out to talk they gave a standard boilerplate speech and they could do until they were blue in the face during Hillary Clintons convention and never get much notice. Donald trump on the other hand throws off sparks hes just controversial and virtually everything he says, and he gets an enormous amount of attention. Now youre at the convention, youre there in philadelphia. How is the party coming together . The first two days theres a lot of chaos, and screaming Bernie Sanders supporters not happy. Is that been put to rest . Well this picture that you show outside of the Convention Center theyre real that stuff is happening. But its not that big. There have been a number of Bernie Sanders delegates who just left the scene altogether. What you saw last night was a absolutely packed house and by the way Republican Convention was usually not a packed house but you saw a packed house with a detective heros the president , Vice President former president this is this is a group of people highly regarded regards inside the Democratic Party. There wasnt a performance in cleveland because a lot of Republican Former officials didnt show up. So i think that the part is fairly unified behind Hillary Clinton. The bigger problem, though, is the way you introduced this segment which is that yeah theyve all bashed trump they beat on trump all the time but can Hillary Clinton define a vision is for the future that pays respect to what barack obama has done but shows poem how shes going to make things better. Havent seen that yeast. Scared of trump is one they think but going with hillary to the future thats another. Byron thanks as usual seeing you again real soon. Thank you. Not much change on the big board but u we are down 74 points that was below 184. Donald trump yep back to him. Makes a joke about putin finding hillarys lost emails Mainstream Media pounces on truch accusing him of wait for it. One person accused him of treason. We will be back. Lf . An autonomousthinking automobile that protects those inside and outside. Ready or not, the future is here. The allnew eclass. Selfbraking, selfcorrecting, selfparking. A mercedesbenz concept car thats already a reality. Mercedesbenz. The best or nothing. Trump stole the spotlight all day along yesterday, again, he dominated the headlines until the prime time speeches and then those speeches were all about him. Come on in, america author of wake up america coanchor of the five and had to navigate world of money and politics too. Eric welcome to the program. Good to have you on the show. And money and politics they be at a cross roads dont they every single day, and stuart right here. Okay. I say trumple stole the show. All day long, and focus of the Convention Last night. Trumps name mentioned through three nights 300 times and entire rnc of four nights i think Hillary Clinton name mentioned somewhere around 200 so they could clearly double. Theyre worried stuart if yiewch the speeches last night i think there was some very compelling speeches but i think that theme was you know where as they took trumple as a joke and werent worried about him up until now i think theyre get very serious that this could be a trump win real clear politic average has up by one point. Hillary clinton hasnt got an bounce yeast but expecting much wider gap coming out of the dnc. Shes not the most qualified unless you call corruption, qitd pro quo paid to pay ill do something and make a deal with you as long as you have my husband get paid 500,000 or million in to Clinton Foundation if all of those things qualify you as president then maybe president obama is right. But i dont think they do and pandering and then he leaned and pointed to bill clinton im sorry bill but shes more qualified than both you and i. Thats ridiculous insane comments. Not suggesting presence in saying but saying it was a politically insane comment. Well said i dont think they really like each other prnlly. But married together politically right there in that moment. Eric have a safe trip back to new york. Tree into exactly 24 hours ago come a donald trump said russia, if you are listening, i hope youre able to find the 30,000 emails missing feared is referring to hillarys deleted emails. Opera from the media hes encouraging a foreign power to spy on the United States. I saw one commentator call it treason did this as an example of the media passing every word. They really dont like trumpet will use any excuse to trash his candidacy. They seized on one sentence and by implication turned donald trump into a traitor. That is the way the elite to go after do not like. Do you think ordinary people, everyday viewers took trumps comment that way . Of course not. A lot of people told us they thought it was funny. Lets not forget it was trump who pointed out the vile nature of the dncs emails. Democrats have pushed journalists to question Bernie Sanders religion. They use mockery on hispanics and they plan dirty tricks reminiscent. Covered up, divert attention, do anything to distract attention from what democrats are saying to each other in private. Wikileaks promised more revelations soon. Lets see how the media covers that. The third hour of Varney Company is about to begin. This nonbret baier will join us in a moment if the dow is now down 90 points, going down. This is one of the reasons why the price of oil sinking to 4131. Oil down, stocks down. That is the relationship come back into force. Oil down, stocks down 41 on oil. Look at face but. The stock of the day is now up nearly 2 , 2. 5 . The number to remember their is theyve got 1. 7 billion monthly users and that is a very big number. Look at this chart here facebook and twitter, two stocks headed in the opposite direction. Facebook making a ton of money. Twitter hasnt been able to figure out how to do it. Amazon report their profits after the bell today. The stock is up 40 in the last year. It is going up 1 now. Lets see how it performs after the numbers are out of 4 00. Gas, to 14 the National Average. The news is gas keeps going down. It has dropped 45. The last 46 days. Back to politics. 24 hours ago, you saw it on this program. Donald trump made what i thought was a tongueincheek comment about russias attacking hillarys emails. The last pound spirit rolled out one day and. I will tell you this. Russia, if you are listening, i hope youre able to find the 30,000 emails that are missing. I think you will probably be rewarded mightily by our press. Lets see if that happens. Stuart bret baier is here. I got this morning that was sarcasm. That is how i read it. I think you read it the same way. What is this big deal in the media . Not well, stuart, i thought it was tongueincheek at the time, but its also a serious issue. Remember this isnt the Republican Party got the last nominee, matt romney in a debate said that russia is the number one geopolitical threat. President obama said the 50s is calling. It turns out that russia has been with the chairman of the joint chiefs. It is the number one threat facing the u. S. So put all of that into this context. Democrats to jump on it. Someone over the top and called it treason. That can come donna, saying you cant joke about Something Like hacking into the umass and possibly interfering in u. S. Elections. That is where it came down. The term people say eventually this is going to play out for than because it is focusing on the emails that are missing and the fact that shes the threat to National Security with the classified information. The clinton people and some republicans are saying it brings up temperament and you cant joke about those things even if he was joking. Stuart that is a fair point. The dangers of an off the cuff rapidfire answering of questions in a freeflowing environment. The danger there. Not so much for ordinary people the way they see it, but the media. Im sure you know this already, but for the first time i believe, donald trump is now in front of Hillary Clinton in the real clear politics polling averages. It seems like his policy ahead of the news cycle is a winner for him not disappoint. Well, it is. Clearly he took the news cycle and he essentially all of the day. Not all of that was positive as we have seen all over the place. Here is the deal. Democrats are threatened. They do see a possibility that he shoots the gap in wins this race. They see it especially in states like pennsylvania. Ed rendell said yes, he thinks trump could win pennsylvania. He has made and runs already in voter registration, especially with the group of noncollegeeducated white workers, middle class who are angry, frustrated, that both parties are not working. Ive talked to union guys here that have endorsed Hillary Clinton, that almost all of them are voting for donald trump. They wont tell you that on camera, that they are telling you that privately. I think that is a worry for this Democratic Party and that is why you are seeing this outreach and they focus on reaching out to republicans and possibly democrat who theyve lost. Stuart donald trump would try to upstage hillary speech tonight. He is speaking this afternoon in iowa and he may make some more headlines there. We will be seeing you later. Thank you for joining us. Back to the markets. Take a look at amazon. We hear from them that profits after the closing bell this afternoon right up 1 . Revenues go up 30 to nearly 30 billion, 29. 9 billion. Thats a big deal. Stuart coming in a 13 work. Period liz that is what theyre looking for. How are they going to get there . Watch just been so is talking about and rose into india, 3 billion investing their common more prime numbers, the people that pay 99 a year. That has been growing at 50 a year and nearly for the last two years. Those are dedicated customers. Also, watch what im talking about their computer server in the sky, their Cloud Services really driving revenues. Netflix, expedia gives it back. This has been a momentum play richly valued. We watch the numbers closely for you. Stuart thank you, lives. Today, earnings from facebook flat out a blowout. Ashley revenue up 59 . That is 6. 4 billion. Profits nearly tripling to 2 billion. Thirteenth quarterly beat in a row doing very, very well with advertiser revenue, especially for the mobile video ads. Going from strength to strength. Lets mention the messenger app has a billion monthly act of users. A billion monthly active users. This is really just getting going. There is a sense that this can build and build and the numbers are already remarkable. The own personal wealth, 56. 4 billion. Stuart i would bet a lot of people woke up this morning and checked facebook to get clips from president obama. Watch the event. He watched the clips the next day on facebook. Ashley its all about video in essentially facebook is saying it will become a tv channel. Stuart is to not send pain. The market is off its lows, but still down. Thursday lunchtime. I guess you can call it that. Most of the dow 30 stocks are i. Off 88 or the dow. Inside the orlando terror attacks spoke at the dnc, but they were not talking about islamic terror. It was all about gun control. We are all over that. A former defense secretary, leon panetta booed at the convention. The crowd shouted him down chanting no more war. Any praises dictators from Saddam Hussein to vladimir putin. [chanting] [booing] today if youre taking multiple medications, does your mouth often feel dry . A dry mouth can be a side effect of many medications. But it can also lead to tooth decay and bad breath. Thats why theres biotene, available as an oral rinse, toothpaste, spray or gel. Biotene can provide soothing relief and it helps keep your mouth healthy too. Remember, while your medication is doing you good, a dry mouth isnt. Biotene, for people who suffer from a dry mouth. Stuart this is a terror story. Im ready, i sister paris. Two muslims in combat here struck a party. A European Capital city shut down by terror. Brussels, coordinated attacks. An islamic terrorist killed 49 at a nightclub in orlando. The turkish officials blamed isis. 10 children among the 84. More than 100 injured. Bodies strewn on the promenade cleared three terror attacks in germany in one week. The afghan teenager armed, injured four people on the train, eventually shot dead by police. The searing refugee kills a woman with a machete, injures two others. An Asylum Seeker killed himself and injured 12 others. He blew himself up. Two attackers slit the throat of an 8yearold priest inside his church. Unthinkable just a short time ago. Those are all the major terror attack since november. Some of them, including the most recent attack in germany. Today, Angela Merkel said shes not reversing her policy on migrant despite for attacks in germany within the past week or so. Sebastian gorka is the air of defeating jihads. I would sit just that Angela Merkel who started this whole thing rolling while opening the doors, i think she is finished politically. Frankly, i am surprised she is not hacking down a little. Stuart, can i start by saying that idea that i just heard of the summary of the attack you gave, that is remarkable and i think should be sent to the white house and secretary kerry. What a tally of disaster of horrific terrorist attacks, while at the same time we are being told everything is okay. It is really quite stunning a dichotomy between truth and spin. Stuart let me just interrupt you for you answer the question about merkel. No answer of terror at the convention. The word isis was mentioned twice. No further on terror whatsoever. This is what is happening. This is our world at the moment. Yeah, think about it. The first 61 speakers in philadelphia, not one mention of terrorism. And they finally start to talk about threats, what are the three greatest threats to america . Climate change,a r. 15 rivals rifles and donald trump. He would take it as absurd. Lets leave that aside. I agree with you, stuart. I think she just committed suicide. After a pregnant woman is murdered, a man with an ied goes to a rock concert and is only stopped at the last moment exploding himself. And then we have attack upon attack upon attack at a shopping mall. What is she thinking . What does she think we are rich germans are thinking . Stuart europe may be perilously close where native werent people attack are attacked by armed masks. The migrant community. A totally divided society on the brink of fighting each other. The multicultural glaze has been onto europe by the last 20, 25 years. I think youre absolutely right. At some point when the violence becomes too much to stomach, the irish german, the average french and the average brit is going to say thats it. Ive had enough. My children are my nation and they will be violent. If that occurs, that will be the responsibility of people like Angela Merkel. Stuart guessing date if sebastian gorka, always appreciated. Meanwhile, the turkish government is shutting down news and media outlets, lots of them. This is response to the failed coup. That free speech is gone. Ashley it is gone. 131 media organizations have been closed since july 15th. Three news agencies. Fixing television channels, 22 radio stations. 45 newspapers. One of turkeys biggest newspaper was shut down and the arrest warrant issued for all of the employees who work the. All of this comes back to the cleric that they believe is organizing this coup for them here in the United States. We are refusing. Stuart it really seems like its nonislamic dictatorship. Ashley excuse to get all of his opposition now. Stuart they will never become members. Two big names. You know them. Still the biggest losers of all the 500 stocks in the s p. Whole foods, lower profit pair. Ford, rather weak sales in china as i understand it. Down. Liz we are going to have a secondquarter lead uneconomic gdp growth tomorrow. The consensus is 2. 6. The Federal Reserve has cut back to 1. 7. Talking about 1. 7 growth for the second quarter. Stuart thank you. That is part of the reason the dow is down 76 points. Low oil in the forecast of our Economic Growth rate from 26217. Stuart they were averaging 1. 6 . Stuart thank you indeed for that. Thats two or understanding. Markets cant almost all of the dow stocks now in the red. 23 down. Outside protesters burned the flags to look at that. A virtual riot. Inside, the lights were dead over the oregon and washington delegations. It was an attempt to silence burner supporters chanting no more wars training leon panettas speech. A man dancing on the American Flag as a burns ended up catching fire. Our very own jeff flock was in the thick of it. He will join us. We will be back. People dressed in black with masks appeared on the cnn broke through the fence that you see behind me, broke through that. Not part of the Bernie Sanders peeful protest, but what many of them described as anarchists. eeeeohmumohweh hush my darling. dont fear my darling. the lion sleeps tonight. hush my darling. man snoring dont fear my darling. the lion sleeps tonight. woman snoring take the roar out of snore. Yet another innovation only at a sleep number store. Stuart chaos last night in philadelphia. Our own jeff flock was right in the middle of it. Ive got a question. I understand the protesters were thinking you. Why were they doing now . It is the most bizarre thing. It is because no one else is covering their protest. Theres other media out here, but largely no other Mainstream Media is covering the protests. These are people who are no fans of stuart varney. They like to hang barney up by his thumbs. They are the ones given a voice. The only ones letting us be heard. Its a bizarre thing. Who is doing the rioting. Several disturbances. Who was doing that . Reporter that is important to point out. It was not the Bernie Sanders weve seen all a blog. Theyve gone out of their way to say we are nonviolent. We are here to make our voice heard. It was in our case, guys in black. The faces covered and they are warned. The crowd was warned by the Bernie Sanders organizers. We are hearing provocateurs coming in. Last night lasted through the fence in the police did a great job of standing their ground and not attacking people in chicago were they waded in with billy clubs. It went as well as it could. Stuart you will be there tonight and tell us what happened tonight. Thanks, jeff. Check the market. You can see the dow 30s, most of them in the rate going down. A couple quick stocks. Group on a sub bigtime at 20 gain. How about go pro, promising a new camera by christmas for the holidays, up 10 . Thats what it takes. We are about to show you the fear mongering minister extreme. The video produced by James Cameron, the titanic guy about the effects of Climate Change. Watch this now. Our children are at risk. Im not going to let anyone take us backward, deny our Clean Energy Future or hand our children. Eventually miami will be underwater. It is a matter of when. Crops are failing, food prices are rising, communities are threatened, our children are at risk. I am not going to let anyone take us backward, deny our Clean Energy Future or hand our children a dangerous world destabilized by Climate Change. Stuart that was a brief clip from a rather long video that was shown at the dnc last night about the dangers of Climate Change. There were words like distraction and suicide, real cataclysmic stuff. Of any williams is here, you saw it last night, that is ridiculous, so way extreme i cant believe they put it out there. I can believe it. This is political marketing, certainly this issue is not the only place we see it but this was super glossy, super produced, James Cameron was the director for it. We saw high profile actors when you watch the whole thing. It is a message around fear, absolutely right and the fear motivates political action. That is for both sides. You want to do and say almost anything you can without baldfaced lying. Stuart i would like to see it put to the voters. Do you want us to do all this to get away from fossil fuels, etc. Put it to the voters who do you want us to do this . At the moment they are glossing over it and fear mongering. We have seen the Obama Administration and other high profile democrats, al gore, the grandfather of this being such a closely tied part of the Democratic Partys platform and they are doubling down on it. Especially with the old guard, certainly there is momentum and Energy Around it and they are chasing energy with hillary at the top of the ticket. Stuart we have been working on you for some time. I thought you were a leftist but you are an independent down the middle. Do you see this dress . It is red, white and blue. Stuart you are american, your mom watches this program all the time. She is a trump fan. She is not in philadelphia, on the trump train, a business owner. She decided donald trump is the visionary around Economic Prosperity and believed in that wholeheartedly. Stuart i want her on this program. I dont know if varney and company is ready for that. Stuart we are ready for anything. We will see you again soon. Have fun at the convention. President obama speaking to the dnc, Hillary Clinton has the track record of any candidate. Told that tape. I can say with confidence there has never been a man or woman, nobody more qualified than Hillary Clinton to serve as president of the United States of america. Stuart charles hurt is having a pretty good time in philadelphia. It occurs to me the president said Hillary Clinton is the best qualified, i draw a distinction between qualified and experienced. Hillary has plenty of experience as first lady of arkansas, but qualified, not sure about that. That is the problem the establishment has these days. People are tired of qualifications being in office, being a senator for eight years and racking up millions of miles around the world. It doesnt amount much to voters. Is the economy better . There is no way you can make an argument other than the world is in a worse situation today, when you look at Hillary Clintons portfolio in the Obama Administration, there is less justice in the world, less stability and greater danger and that danger is visiting us on our shores. Stuart hold on a second because donald trump just put out a tweet literally minutes ago. Here is what he said. President obama spoke last night about a world that doesnt exist. 70 of people think our country is going in the wrong direction. That is a reference to when the president said this is the strongest economy in the world, we are doing fine. Trump immediately comes back on that. The reason donald trump is where he is today because he is so much more in touch with what people genuinely feel around the country and the establishment on the democratic side, they are completely out of touch. It was interesting that when president obama said Hillary Clinton was more qualified than himself that is accurate. He was even less qualified than Hillary Clinton to be president. It is interesting if you talk to democrats even democrats are not making the argument she is the most qualified person or has this great record, they walk around with shirts that say lets make history again. The reason democrats are enthralled with Hillary Clinton is she will make history as the first female president just as president obama was the first black president and that motivates them. When you get down to what they accomplished they start losing enthusiasm very quickly. Stuart we will hear from her tonight. Thanks for joining us, see you later. One topic, they are doing their best to avoid is the Ongoing Investigation into the clinton charity, the foundation. Hillary clinton wiped out 30,000 emails. And those emails, any indication about donors giving to the Clinton Foundation, were those considered her private email and more information we can learn about the Clinton Foundation and the nexus between the foundation and her time as secretary of state. You dont hear about algeria or kuwait or saudi arabia giving to the girl scouts. Those countries have given a lot of money to the Clinton Foundation and watch this case, a repeating repeated story out there, ubs gave a lot of money to the Clinton Foundation. In 2009, ubs being sued by the irs, give a 62,000 secret accounts held by americans or we will criminally charge you. Hillary clinton stepped in, knocked 4200 accounts, gave money to the Clinton Foundation, gave clinton 1. 5 million in speaking fees. You are not going to find connect the dots because the Clinton Foundation is not releasing the foundation, journalists are playing catchup because there is no transparency. The one foreign governments gave money to the foundation and got something, paid to play. That is the allegation. Liz this is a big story that has been hanging out for some time. Of the one donald trump says lets see the russians have those emails. The dow industrial average is down 87 points. The problem is the price of oil down to 41 a barrel as we speak, oil is now in a bear market, technically a bear market. And that hurts the stock market. We are down 87. Look at facebook, huge numbers reported yesterday. Profits and penetration 125 on facebook. You want food delivered online, strong results, 52week high earlier, 26 up. Gnc, you buy vitamins or supplements, replace its ceo, suspended guidance on profits, you are down 19 . Dow industrials down 86, speaking of money, no winners in the powerball lottery, the jackpot, 478 million, the fifth highest in game history, the next drawing is saturday. It will likely go well over half 1 billion. The powerball. Next, donald trump took center stage at the dnc, his name was mentioned 150 times. More on varney in a moment. The donald is not a planned guy. Trump says he wants to run the nation like he is running his business, god help us. Folks, you cannot believe one word that comes out of Donald Trumps mouth. Its a supercomputer. With this grade of protection. Its a fortress. And with this standard of luxury. Its an oasis. Introducing the completely redesigned eclass. Its everything you need it to be. And more. See your authorized dealer for exceptional offers through mercedesbenz financial services. Mercedesbenz. The best or nothing. Nicole Dow Jones Industrial average down 90 points. Four days of losses for the dow, the s p to the downside, the nasdaq losing ground down 8, oil down the sixth day in a row off of earlier highs. Tracking the dow, caterpillar, boeing, nike and exxon dragging, materials, telecom and consumer cyclicals to the downside. Earnings, one third of the s p 500 companies are reporting this week, here are the names surging including groupon hitting an annual high, surging betterthanexpected results so that is beat, ford under pressure and the cfo saying the recovery is maturing forecasting weaker sales in 2017. My savings with them, my credit card with them. And then i learned i have this usaa car buying service. The usaa car buying app was really helpful. All the information was laid out right there. I was able to see the savings that i qualified for. It makes your life so much easier when you have to purchase a car, so ive been telling everybody. Usaa car buying service, powered by truecar. Exclusively for usaa members. The donald is not a planned guy. Donald trump has a passion too, it is himself. Trump says he wants to run the nation like he is running his business. God help us. I know plenty of business men and women who achieved remarkable success without leaving a trail of lawsuits and unpaid workers. Donald trump with all his rhetoric would literally make us less safe. Folks, you cannot believe one word that comes out of Donald Trumps mouth. Stuart that was just a small sample from last night, trump was the target of many speakers as his record has been consistently attacked. Katrina pearson is with us, Trumps National spokesperson. I have a feeling you are not unhappy with the trump bashing because it puts his name out front. He dominates the news, doesnt he . Absolutely does, but more importantly, this is the only line of defense the democrats have, to tear mister trump down, assassinate his character. Hillary clinton is losing white women, shes losing young women and now she is down double digits with independents who are supporting donald trump. We are a little over three months from the election and they are losing so this is what you see as their strategy. Stuart you did see the media jump all over donalds comment yesterday about russians and hacking and emails. Without getting into that argument what it demonstrated was the danger of allowing donald trump to go with no prompter, no notes, no script, answering questions rapidfire, there is danger in that. Not necessarily. What i think is americans are keenly aware the media and the dnc are working to destroy the candidacy of donald trump and mister trump will go down in history as the most underestimated political candidate of all time because the public knows now specifically after the dnc email he sent voicemail leaks that this is contrived, Hillary Clinton will say anything and change nothing and most americans are starting to see the truth. Stuart tell us about mister trumps speech this afternoon in iowa. Is he going to take questions . Is he going to have a teleprompter . Is he going to have a script . Are you going to unleash him . It will be donald trump and he will give a speech, he may take questions but this is what he does best, he wants to engage with the people, he wants to be real, he wants to talk to the individual, not preach to the men that is important, that is why he is climbing in the polls. He will see him defend himself from the ridiculous charge of working with russia, it was Hillary Clinton and bill clinton who garnered deals with russia sold them uranium, she signed off on it and bill clinton received half 1 million so i dont think they want to continue this russia line very longer. Stuart i see a conflict between you guys who are organizing his campaign and we the people. We the people of to see donald trump unleashed, go straight at it but i think you prefer a campaign, the campaign would prefer if is reid in litt bitlimi hisommes, mitsow ft henswe a queson, t on telrompr soe cat ma miakes the is a contrast. There is sometimes. This is not a traditional campaign. We understand the people like donald trump the way he is and if there is any restraint it is so the media doesnt take what they want and run. People know now this is what will happen, the media is working with the democrats to help Hillary Clinton, she has not had a press conference, she will not answer to anything she has done and we will see more of that in her speech, she will talk about things she doesnt believe in and paint a picture of herself that at this time no one will believe because t ctarouthe d people are feeling the pain. Stuart you will see to it that donald trump says something this afternoon that will upstage Hillary Clinton tonight, that is what you are going to do. I will sit back and watch and be prepared to go on the defense because the American Public is tired of politicians saying what they want you to hear and do nothing. Hillary clinton is going to complain about things she says she has been fighting for for 30 years and have not completed any of them. She was a senator and did nothing about the things she says she wants to fix. Thank you for joining us and we will see you again soon. Thank you. Where are we with your money . We are down 70 points. Most of the dow 30 are in the red meaning they are down. S p same story, down a fraction, 0. 15 . But forward on the downside, lower profit, the dow 10 , you dont see a move like that in ford very often, go pro profited revenue down but it will be producing a new camera for the Holiday Season called the hero 5, it is up 10 on go pro, check oracle and net sweep, buying 9 billion, larry ellis is the cofounder of oracle, largest holder of netsuite, this guys money is going up some more, we got 17 . More varney in a moment for you. 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. 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These are the only Medicare Supplement insurance plans endorsed by aarp, an Organization Serving the needs of people 50 and over for generations. 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™. After the first recession in 80 years we find our way back, we have seen deficits come down, 401 k recover, Auto Industry set new records, unemployment reached eight year lows and our businesses create 50 million new jobs. We have the largest economy in the world and the strongest economy in the world, we have the most productive workers in the world. Stuart claims on the economy from the president and the Vice President. However we have some new numbers on Home Ownership, that is the key indicator. Ashley after hearing the speeches we had the lowest rate level in 51 years. It is down to 62. 9 in the second quarter. Peoples wages have been stagnant while prices have gone up. People are having a hard time finding enough money for the down payment and cant afford the homes. Stuart a huge indicator. We are at 1965 levels after the fannie and freddie bailout, lets roll the dice, fixed income any quality with the house. We are 1965 levels . That is so bad. The American Dream is a home. That shows you the middleclass. I am astonished. Stuart you have pride of ownership, you own the home in which you live, you do it up, coat of paint and look good and now it is gone. The president in his speech last night, how many times did he refer to himself . 100 times . Liz including the words i, we, our, a counter in your hand you might get a blip. It is either that or divisive rhetoric, he talked about his debut at the National Convention in 2004, his time in office and how it physically aged him, the Clinton Foundation, i wonder when the teleprompter will demand over time. A low form of wit. And i will get skewered for it. We are down 71 points, 18,400, show me facebook one more time, facebook is still up, not as high as it was, we were at 128, now we are at 125, that is 1. 5 . I am surprised because late yesterday after the bill it was hitting 130. We are up 125 and there will be more varney after this. Stuart the impact of terror in the financial world, Airline Stocks down. Ashley air france saying the spate of terrorist attacks hitting their business, revenue down 5. 2 , similar numbers in a restaurant last week, i was eavesdropping, the people behind me said they were going to europe but decided to cancel because of the fear of terrorism. Liz people from china and japan also not going. Air ce gave the same indication. Stuart Airline Stocks down. Our time is almost up but thanks very much, charles payne, it is yours. Charles this is cavuto coasttocoast, fox on top of a battle of the vision of this country. Donald trump getting slammed for saying he could make the economy great again. Take a listen. How can there be pleasure in saying you are fired . He is trying to tell us he cares about the middleclass . Give me a break, that is a bunch of malarkey. Trump says he wants to run the nation like he is running his business . God help