Cycle, after news that the owner will be hosting a Election Party for President Trump in the hamptons tomorrow. This is bulls and bears, joining me on the panel gary kaltbaum. Steven ross responds to the backlash today over his plannedded fundraiser, i have always been an active part tant participant in democratic process, i have known donald trump for 40 years, we agree on some issues and disagree on others, i have never iic equinox and soul cycle sending a message. What message is this boycott sending . You know, i think im going to start my own app called boycotter, this way everyone can keep on top of what is woke, what is broke. There a new boycott every day to keep track of. I have been studying online behavior for specific companies and social media for over a decade. There is something called vocal minority, they speak loudly but it does not necessarily represent what everyone is doing, this is out of news cycle in a couple of days. If i am the company, i hole hold tight. Fasci
To turn it around. But you will be seeing. It goes on september 1. If they dont do that, i will increase it substantially. David china vowing retaliation if the u. S. Places tariffs on their goods. They say china will not be blackmailed, will take counter measures. It depends on what you are going to go for. In theory you want the right number, the perfect tariff level hurts china but doesnt cause a recession. We are not anywhere near a level of tariff that would cause that. Even a country that has been a company that has been basically exempt. You could bring the iphone production to america. I dont see it causing a recession. If we have a recession for another reason, someone thinks the economy is slowing. That could be the straw that breaks the camels back. But for now china is falling the hardest. When things heat up their stock market seems to fall a little more. Im not clear how much china is losing. Their economy is larger, has been growing incrementally for the past years. Mean
Wednesday, forgive me, before the july 4th break. And the dow, nasdaq and s p 500 all in uncharted territory, still close to record highs despite looking down in the futures. President trumps salute to america speech from last night praising unity and american ideals, freedom and democracy. Thats what this country is all about but dont tell that to the left. They say trump got too political, shouldnt have taken the stage at all on Independence Day. Also, the largest earthquake in 20 years hitting california on july 4th. Buildings shaken, houses burning, highways cracking. But according to reports, no fatalities. We will have a live report for you later in the show. Varney company starting right now. Today we come together as one nation with this very special salute to america. We celebrate our history, our people and the heroes who proudly defend our flag, the brave men and women of the United States military. God bless all those people in the military. That was President Trump at the
Cabinet key members and Republican Leaders meeting at camp david right now, kicking off a weekend on discussions of big ticket agenda items, among them, immigration, National Security and winning the midterm election. Steve forbes tells us how they accomplish all of this. Department of the justice opening investigation into alleged payforplay politics at the Clinton Foundation when Hillary Clinton was secretary of state. The latest details from washington. The United Nations Security Council holding a meeting right now at the request of u. N. Ambassador nick nikki haley. Where hundreds have been arrested in iran protesting against the iranian regime. David led by shares of boeing, visa, unitedhealth, there are new are record highs for all the major averages. Nicole petallides, looks like were close to the days highs where were ending. What brought on the last minute enthusiasm . Amazing how the market continues to the upside. Eight of 30 dow stocks hitting records. Momentum continues.
Its hard to keep connecting with people for a long time. People stop listening after a while. Is there a duration . That people are willing to give you these days . To me the most interesting speech obama gave was when he accepted the nobel peace prize. He has that picture in his office of king and gandhi and im not sure who else was in the picture, but its some obviously something thats very close to him. He writes about this in his books, about how influenced he was by king and gandhi. When he gets the prize what does he have to say . Well, im president now. And i remember for myself being very critical of him because he said well, they didnt have to deal with terrorism. Which i thought was laughable. King died because of terrorism and gandhi what is colonialism other than terrorism . So what he was basically saying is that if king had been elected president in some miracle, he would have had to make the same kinds of compromises. And that may be true. It may well be that one of the