With xi jinping at the g20 summit in japan. The leaders agreed that there will be no more new tariffs at least for now and the talks will continue. President trump also making history during his asia trip over the weekend, becoming the first sitting president ever to set foot in north korea. He met with kim jongun at the dmz. The two sides agreed to restart nuclear talks. Weve got a lot to go at this morning, including new developments out of hong kong and iran. Varney company starts right now. David more protests in hong kong. Lets take a live look at whats going on there right now. They broke into government headquarters. Susan, whats this all about . Susan its interesting that the chinese president xi jinping, as he was meeting President Trump at the g20 on the sidelines, he probably had some other issues in mind including the ongoing protests in hong kong. These protesters have been ramming and making shall we say they have been looking at headquarters, trying to get in, a makeshift battering ram for the glass walls at Hong Kong Government headquarters here, and they chose july 1st as significant and symbolic because 22 years ago whis when the brith flag was lowered and the chinese flag was raised. During that time they were promised 50 years of one country, two systems. They feel their freedom has been taken away for the last two years. They are calling for the chief executive to step down after invoking that very controversial extradition law which would have seen not only hong kong residents but expats sent to china on trial. David this story is still developing as we speak. Lets stay on hong kong and bring in gordon chang, who watches asia for us. Is it going to be a long summer for the chinese and the people in the streets of hong kong . It certainly will be, because carrie lam, the chief executive of hong kong, essentially said only violence works. David she is supposed to be independent but most see her as a puppet of china, right . Stooge. Stooge. What happened, i think its important to go a little chronology here. They had that million person protest on june 9th. Government wouldnt give way. On june 12th you had the violent protests at this same place, government headquarters. It worked. Government backed down. You had the two million person protest on the 16th. Government doesnt back down. So really, what the protesters are saying is this is the last stand for hong kong and apparently, only forceful action will move this government. So thats the lesson people have taken away. David this is david versus goliath. Of course, in the bible, david won. In reality its unlikely hong kong can stand up to china, is it . You never know, david. Thats a very long question because essentially what youve got, people in hong kong have made a decision that they want to protect themselves, and china looks a little iffy right now. You just never, never know. David well, this brings up the china talks because this seems to make the chinese even more desperate, whats happening in hong kong, for a deal with the United States. Yes. First numbers for june are really bad in the manufacturing sector. David they are in contraction, are they not . I think they could very well be in contraction, especially because may was a really bad month. You had, for instance, imports down 8. 5 , showing very soft demand. The consumer numbers really showed contraction. Right now, china as a whole, maybe 0 growth, if theyre lucky, its 1 . David they are desperate. Thats why theyre anxious for some kind of deal with the United States. We saw some concessions from trump and the president. The market loves it. Were happy when the markets happy. I know you dont think a deal is worth its salt but what do you make of it . First of all, they decided they would continue talking but i think there are political pressures inside of china that make a deal unlikely. The thing that is really really very concerning is in the weeks leading up to the g20 when trump sat down with xi jinping, the chinese ruler, you had xi jinping issue a public demand to the u. S. To relieve huawei technologies, the chinese company, and in explicably, trump gave that to china, capitulating to the leader in public. David we will get back to china trade in a moment. Stay with us. President trump making an historic visit to north korea, meeting kim jongun and stepping on to north korean soil, the first United States president to do that. But the democrats were not so happy about it. Roll tape. I dont want it simply to be a photo opportunity. This is a ruthless dictator. The president will meet with him but then we have no clear path and nothing comes out of it. We have added legitimacy to kim jongun. It seems like its all for show. Hes raising the profile, growing the strength of a dictator. David joining us is liz harrington, rnc spokesperson. I had to laugh just because this is an historic moment, the first time a u. S. President has ever stepped on north korean soil, and all they can do is whine about it . Well, the president could secure world peace and suddenly you would have the democrats calling for war. They oppose everything this president does even if its positions they themselves have advocated for not too long ago. I guess the democrats also oppose getting our hostages back from north korea, getting the remains of our Fallen Soldiers back from north korea, no Nuclear Tests because a direct result of this president s diplomacy. So the president is winning, hes leading on the world stage and the democrats dont have any answer for it except resistance and obstruction. David i try to imagine what would happen if president obama did that. Of course, conservatives would be screaming but liberals would probably be wanting to give hm a second nobel peace prize. Right. Thats exactly right. The democrats just look at how they treat russia now. After years of flexibility with obama and the kremlin and choking on russia, suddenly they are russia hawks even though this president has been tough on russia and hes been tough on north korea. The sanctions arent going anywhere. Hes been tough on china. Hes been a very strong world leader. And the democrats, they dont have any answer for that. David stay with us, liz. I want to get back to gordon chang now, talk about north korea. So what do you think of the optics of this . Meeting with kim jongun in the midst of the china talk that was kind of a spontaneous thing for the president to do. What do you think . This shows something which people havent been talking about and that is President Trump, through an act of will, forcing kim jongun to do something which was historic. I think this shows china and it shows other countries around the world that trump can change the narrative on very short notice. This i think is a good thing if it leads to actually denuclearization, disarmament of north korea. That remains to be seen, david. But at least right now, i think we should all rejoice in this historic reconciliation between north korea and the United States. David i agree with you. Its kind of the nixon and china thing. It took a conservative republican to do something that a democrat liberal couldnt bring himself to do. Right. Well, you know, this is interesting because power in north asia is shifting. Its shifting in ways which the United States can influence really in our direction and for the international community. So we should be cheering right now. Theres a lot of things that could go wrong but yesterday, something went right. David thank you very much. Good to see you. Kamala harris coming on strong after the democrat debate where she confronted joe biden over the race, over the issue of race. Heres what President Trump said about it. Roll tape. I think she was given too much credit for what she did. Wasnt that outstanding and i think probably he was hit harder than he should have been hit. I thought he was hit actually harder. David back to liz harrington. I was on vacation last week. I had a chance to listen to rush limbaugh. Rush said the best thing about Kamala Harris, she knows how to tell a story better than anyone hes seen in politics and that is a big political plus. Yeah, but she also knows how to raise her hand to eliminate private Health Insurance in this country which 217 million americans have and she knows how to raise her hand to give Free Health Care to illegal aliens paid for by the taxpayers so shes embracing far left policies, so she may be winning fans on the far left but shes not going to be winning fans in the middle of the country. David but liz, they are all embracing far left politics. You look at any of them from liz warren who wants a confiscation tax, de blasio in fact made sanders look like a moderate coming out with marxist lenin rhetoric. It is a race to the left. It is very terrifying to see this mainstream Bernie Sanders has revolutionized the Democratic Party. They are all calling for 70 tax rates, calling to outlaw private health, calling for a 70 trillion green new deal, basically a government takeover of every aspect of your life. Kamala harris is leading the way on that. She raises her hand to get rid of private insurance, then claims she was only calling to eliminate her own health care. This is after shes already come out and said lets eliminate all that. This is after she cosponsored Bernie Sanders bill which makes it illegal to sell private insurance. She cant claim that shes a moderate on this issue. David they are calling for the end of capitalism. Lets be clear about what theyre calling for. Liz, thank you very much. Lets check the futures. It continues to go up. We get 263 now on the dow. Thats almost a full percentage point. But look whats happening on the nasdaq. Go to the bottom there. You see the nasdaq is up close to 2 in futures. Extraordinary morning. Well see if it continues to stay there for another 20 minutes when the markets open. The hits keep on coming for boeing, meanwhile. Its accused of outsourcing development of the max jet software to engineers who are making just 9 an hour. Big news coming out of iran. Its admitting that it breached the 2015 nuclear deal limits on enriched uranium. We have that story. And several states raising the gas tax as of today. It comes as prices are already rising across the country. How high will those prices go . Weve got the answers after the break. Varney company just getting started. Hey, who are you . Oh, hey jeff, im a car thief. What . im here to steal your car because, well, thats my job. What . What . . What . laughing what . . What . what . [crash] what . haha, it happens. And if youve got cutrate car insurance, paying for this could feel like getting robbed twice. So get allstate. And be better protected from mayhem. Like me. Youre smart,eat you already knew that. But its also great for finding the perfect used car. Youll see what a fair price is and you can connect with a truecar certified dealer. Now youre even smarter. This is truecar. David iran has actually come out and said it, that they breached the nuclear pact. Details from ashley webster. Ashley apparently they say guess what, guys, weve broken this 300 kilogram of enriched uranium level that was set back in the 2015 agreement with the u. S. And europe and well, the rest of the world. Now they say we got more than that, we got more than 300 kilograms of enriched uranium. What this says is, and we know the u. S. Under President Trump pulled out of this deal saying it does nothing to stop iran doing what it wants to do anyway. This puts enormous pressure on the European Countries who have been saying softly, softly, lets see if we can keep this deal alive, also puts pressure on russia and china because the u. S. Sanctions are killing irans economy. Iran says well back off if you continue to have economic ties with us. Like europe, russia, china. We are coming down to crunch time. David looks like we do have the world growing in support with us against iran. Ashley lets hope. Europe is as always flipflopping on this issue. Well see. David surprise, surprise. All right. Lets bring it closer to home. Look at the price of regular gas, National Average is 2. 71, up overnight. Gas taxes are rising this month in five states, california, ohio, illinois, South Carolina and tennessee. Joining us, patrick dehaan, hes with gas buddy. How will the tax hikes affect these prices . Obviously in South Carolina and tennessee, some of the states where lower increases were seen, three cents and two cents, but illinois is about to see gas prices soar, ohio, 10. 5 cents, california, 5. 6 cents. Watch out for tax increases that are going to hit gas prices mainly in those three states just as, of course, millions of americans are taking to the road for july 4. We are already getting it bad with rising prices because of iran. Now kind of a double whammy. David sometimes even if youre not in one of those states where they have the taxes going up, it does spill over into other states, doesnt it . Yeah, absolutely. You tend to see Border Regions that can see prices start to go up a little bit, if one side of the state goes up, that may incentivize stations on the other side of the border to lift their prices as well. Keep in mind, july 4 is a major road trip holiday. It could affect people just simply driving through. Ohio is a major corridor, so is illinois. California, of course, is a little more of an island but this will affect anyone driving the country this july 4. David so far, they dont have regulators to go into your gas tank to see if you have california gas as opposed to a neighboring state where the taxes havent gone up, maybe they dont have the same mix as california. I imagine you have a lot of cars going over state lines in order to get cheaper gas. Absolutely. Including the one i drive. I would absolutely chicago is a huge area. Motorists can dodge the tax if they come from wisconsin or drive to wisconsin or indiana is now going to be far lower and you see that as well as california, Southern California waiting until you get to arizona. David ten seconds, patrick. Any reverberation from that horrible refinery fire last week . Thankfully, not yet. It will bring more pricing volatility, however, to the east coast, especially in the spring. Not now, but buckle up next spring. Could get ugly. David that was two weeks ago. Last week i was on vacation. I forgot. Two weeks ago. Patrick, great to see you. Thank you very much. Have a wonderful holiday. Heres a look at futures. Again, they are still booming. Dow jones up a little bit from when we last spoke, up to 272, and the nasdaq still booming, very close to that 2 mark on the upside. Facebook stepping up the fight against misinformation. How its trying to make sure lies about the census are kept off its site. The latest outrage of facebook, thats next. Cant see what it is yet. Re . What is that . Thats a blazer . Thats a chevy blazer . Aww, this is dope. This thing is beautiful. I love the lights. Oh man, its got a mean face on it. It looks like a piece of candy. Look at the interior. This is nice. This is my sexy mom car. I would feel like a cool dad. Its just really chic. I love this thing. Its gorgeous. I would pull up in this in a heartbeat. I want one of these. That is sharp. The allnew chevy blazer. Speaks for itself. I dont know who they got to design this but give them a cookie and a star. David lets take a look at facebook. Its actually up a little bit today. The Company Announcing it will work to prevent misinformation about the census next year. Lauren simonetti with us now. Lot of people are suspicious but what do you feel about this . Lauren facebook is actually down as a stock on the year, in a year when we have had such nice gains. 2020 is the year for facebook to prove themselves. They have two things coming up. The census and the election. They are treating them as one and the same. How are they going to make sure that people who go on facebook get the right information for the census. Well, what they are going to do thats different from the way they Police Things now is if they see something that is inaccurate, they will actually ban it, take it down. Now they keep it up there, they say you know what, its not our job to Say Something is true or false, we are just going to down rank that misinformation so you cant see it as railroadeadily. Now they will take it off completely when its related to the census and the election. They have to prove themselves because they have come under fire several times before. David Jared Kushner was very open about it, bragged about the fact he used facebook very successfully to target various groups to find out who he should focus his advertising on. Th th theyre advertising through facebook. He announced what they have done, other groups do it, too. Not just republicans. Susan total spending for the election on facebook will exceed 3 billion in this 2020 race. David just social media. Susan just social media. Lauren can i point out one other thing about the census . 2020, and the forms were supposed to be printed today, they can be pushed back and they will make it but its the First Digital option for the census. The cost of all this is tremendous, 12 billion. David unbelievable. Lauren they got to get this one right. The clock is ticking. We will see where the census question goes. Obviously the president is trying to delay that. David good to see you. Our clock is ticking as well. Futures are way up. Well be right back with the opening bell. My body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Trulicity is for people with type 2 diabetes. Its not insulin. I take it once a week. 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