Concerns over future progress, the stock down about 12. Big tech, also but is called google and sharply higher. They are looking to the future and it looks rosy, huge company of 6 . Minor reports tonight assume are to the numbers, meda is doing very well, is it 300 a share. Lets get to the big picture, dow up 12 sessions straight that gained 5 in that time. If it goes up again, the longest streak ever. The dow looks to a loss of 100 words, s p done ten, nasdaq done maybe 50 points. Mark is scheduled for 2 00 p. M. Eastern today when jay powell tells us theres another rate hike on top. Gas prices are starting to rise and rise sharply. Regular 3. 68, nationwide and that is a 5 cents overnight. Diesel is moving up. Up to cents to an average of 392 a gallon. A big day in politics, even before todays court hearing, drama swirling on hunter biden. Jason smith wants evidence of political interference included in the hearing. The judge in the case accused one of hunters lawyers, misrepresenting herself to remove damaging material. Lawyers say its unfortunate and unintentional this commun communication. Hunter appears in court an hour from now on misdemeanor tax and in churches. Wall street journal says you go to prison for what hunter biden did. Then impeachment, Speaker Mccarthy has returned to the subject and says the actions im seeing on impeachment. I wonder if weve reached the place of impeachment fatigue. We will follow this throughout the show. Crane on fire in new york city, part of the crane collapse into the street. A neighboring hotel has been evacuated, the west side of manhattan seizing up. The fire has been put out. Wednesday july 26, 2023, varney co. Is about to begin. A little west of sixth av avenue. Nasty fire on tenth avenue west side of this freezing up, maybe thats why six avenue is. Move for me cascade. Microsoft and of a but, first of Big Tech Companies to report. As you know, im a microsoft stockholder so coverage has to go to you. You can be objective. Microsoft wrongs, their cloud slowing origins flat. Wifi . Theres going up. Ai but what else is coming in . The world factor. Theyve told us about the copilot ai plan but no plans to scale that for broader use until next year so i think investors were left uninspired with microsoft alphabet. We are still googling. Ai did not kill search. Search revenue increasing, as revenue rises 5 . Youtube revenue rises 12 . One more piece of news, cfo ruth is transitioning to a newly created position, president and chief investment officer. David is with us and will be with us for the hour and throughout the report, he was gritting his teeth. Whats wrong . The idea they did something wrong and stock is down 3 after being up 70 . This is the problem of public markets, people are trading, is often done in evaluation, the you get Dividend Growth over time. Right now microsoft had a great quarter and down 3 because its so overpriced. They could have the best quarter of their life and be done 20 when you trade that, evaluations district reality. Stuart thats what you are gritting your teeth over . Weight until we get to the fed. [laughter] stick around, we need you. After rebranding twitter, elon musk could be facing legal trouble. This is a trademark dispute . There are 900 active registrations including microsoft and meta so elon musk will be sued by somebody at some time. Hes already been, maybe now Trademark Infringement but the legal troubles could be costly. My opinion, probably gets to keep the x in the end. Im not sure if i should call twitter export, should we go with twitter . What are you supposed to call them . I want the letter a. And the font of the letter, a complicated thing. 900 different trademarks. Stuart he wants to create and everything not. Legal disputes and trademark, im not interested. He needs revenue and thats why he has an added revenue as its ceo. Wall street journal is reporting x, drastically cutting the price like in half and hes threatening the gold checkmark that verifies a real brand if you dont pay a certain amount. The past 30 days have you given us 1000 . If so, you get your checkmark. I think hes doing what doesnt make sense and i dont want to bet against elon musk in. So the craziness. Most of us are but its really bizarre. Would submit seven minutes on markets, we almost never do t that. As we get more on President Bidens involvement with his sons business dealings, publicans are calling for impeachment inquiry. What in impeachment inquiry does, it gives power of commerce for publicans and democrats to gather information needed. The only way congress can do that is to go from impeachment inquiry. Stuart governor huckabee with us this morning. I hear the arguments but i know you will disagree, i think america has impeachment and scandal fatigue. I think youre probably right and Kevin Mccarthy is playing this, hes not saying lets do an impeachment, hes saying lets enter into impeachment inquiry which gives the tools to get a different level and deeper level of records and force the information forward. Then and only then would he push forward impeachment. I think the democrats are to blame for this impeachment fe fever. I think when they twice impeached donald trump over things that were not impeachable offenses but they were headstrong from the day he was sworn in in 2017, democrats immediately call for his impeachment before his aunt was off the bible and the swearing in so its now the neutral, we ought to let these things be decided by elections unless there is significant corruption and coverup which there well may be that would call for impeachment. Stuart hunter biden goes to court, 10 00 eastern time. Hes going to plead guilty on minor tax charge. Has wall street journal says he go to prison for hunter biden did. He wont. What say you . The wall street journal is right. Most every american and there are thousands of americans sitting in prison cells right now and probably asking whats the deal . How come im in prison and hes not . Your last name isnt biden, simple answer. Hes been protected and people are disgusted with this standard of justice and ought to be angry but the more we learn about extraordinary web of deceit within Government Agencies and key players and now this attorney who misrepresented herself and pretended she was on the staff of jason smith, thats serious business, the kind of stuff that ought to get her barred but also because the judge to draw the plea deal out and say we will do a reset. Stuart thats not out of the question that could happen. Governor, thanks very much indeed. 2024 race, governor to santos cutting staff from the campaign team. Our people taking it as a sign hes losing steam . An identity crisis and i cant say i can say looking at the numbers hes spending a lot of the trades in Second Quarter to narrow the gap with trump. The average of polls has trump ahead by 34 points so the campaign is frustrated. Thirtyeight staffers let go, a third of the staff so the changes they will make will be town hospital smaller gatherings, trump is responding and he says team to santos has tens of millions of dollars on fire in return, a collapse in polling. The people left to suffer are a few dozen staffers. If ron cared about spending wisely, hed refund every dollar hes left and go back to governing florida. Stuart gritting his teeth sitting next to you. This thing is early, a tough month. The media says everything is going poorly so is going poorly. Most campaigns would kill for his numbers and it ignores the pack. The super back. There is a great divide between the desantis team. I say this with good information. Stuart what an opening a block we have today. Check features real fast, wednesday. Don 100 on the dow in the nasa down about 40. Listen to President Bidens latest claim. If you do anything at all, what would you do . I said id cure cancer and they said why cancer . Because no one thinks we can. We can. Stuart and were to leave it there but we will discuss it later. The other big political story of the day, impeachment, republicans going after President Biden and secretary mayorkas. Do we have impeachment fatigue . Ill ask that tom tiffany, hes next. In from big cities, to small bank. In in in s american infrastructure, a prime target for cyberattacks. But the same aipowered security that protects all of google also defends these services for everyone who lives here. Ah, these bills are crazy. She has no idea shes sitting on a goldmine. Well she doesnt know that if she owns a Life Insurance policy of 100,000 or more she can sell all or part of it to coventry for cash. Even a term policy. Even a term policy . Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. I did have hearing aids from another company. I was just frustrated. I almost gave up. With miracle ear its all about service. Theyre personable. Theyre friendly. Im very happy with them. We provide you with a free lifetime of aftercare. Meaning free checkups, cleanings, and adjustments. I see someone new. Someone happy. Its really made a difference. Call miracle ear at 1800miracle and schedule your free, no obligation hearing evaluation today. Thats washington d. C. And its back. Republicans considering impeachment inquiry. Mark my the fittest mark narrative, will biden be impeached . Good morning, that is the big question the top House Republicans make it clear they are ready to move forward with impeachment investigations if not official proceedings even though the white house is brushing to stop saying the president is simply focused at the job at hand. The president was asked about this yesterday when leaving the white house of it in. The white house simply says the president is focus on the duties and responsibilities given by the American People. Are not going to get into hypotheticals or with the House Republicans may or may not do, im not going to get into hypotheticals im not going to get into the head of House Republicans. Republicans maintain slim majority in the house they do not have majority in the Senate Meeting even if the house in beaches, the senate with marlin likely equipped. Officials say its about using tools afforded by impeachment investigation to learn more how the president Justice Department an entire government has been operating. What i said is if they withhold information, impeachment inquiry allows congress to have power to get the information they need. All of this information people are finding out now is only because republicans have investigated. The timing doesnt get complicated because you also have Congress Getting ready for summer break and thinking impeachment process will take time. Its not something they just do overnight. This will take a while and we may see a visit from House Republicans from impeaching President Biden to focus on cabinet member, home and security secretary, its clear theres a lot of talk your whether or not we see a path toward impeachment still yet to be seen. Stuart tom tiffany republican from the state of wisconsin, the great state of wisconsin rent. Are you on board with the impeachment of President Biden . I keep saying i think weve got impeachment fatigue. Ive supported inquiry. Think about how President Bidens story has changed 2019 when he had no his dealings with hunter biden and associates to now its proven he does. The story continues to change in the runup when did the clip on green giant here, she said i dont want to answer these, im not going to answer. Theres a reason, the story continues to change and oftentimes the coverup is worse than the crime. Stuart secretary mayorkas will testify be the house judiciary committee, an hour from now. Do you want to impeach him, too . Its a political move. I dont think america politically wants another impeachment. I think you bring up really good points, how many people can you impeach . I know many people will say you get one shot and thats it. Secretary mayorkas i believe has clearly shown hes lied to the American People. Think about the former head of Border Patrol when he said the board is not secure, you will say all day long the border is secure while his chief present at the border a few months ago under oath said the border is not secure so hes been lying, obfuscating and people expect accountability. Stuart the temperature is rising, isnt it . It is and rightly so. Walls are closing in around the Biden Administration, two weeks ago we had fbi director right and and he was grilled to show hes not telling the American People the truth. Now you have the whole biden family problem. I think walls are closing in and you see the evidence every day in, especially having whistleblowers come forward, good people who work in government say thats enough, we got to tell the American People the truth so we have to get accountability and Speaker Mccarthy said we have to get accountability for the American People and we are exposing that to them. Stuart republican, wisconsin, thank you, sir. A good debate, you got it. A federal judge blocked a key part of bidens board policies. Which have been blocked . The policy that made migrants in eligible for asylum if they entered the u. S. Illegally and did not claim asylum first in the country from which they passed. The white house likes this, it discourages irregular migration. Aclu said it was inhumane and led the Court Challenge in the federal george decided with them so the Biden Administration and security has 14 days to appeal. Stuart likely more people will be coming in. Got it. Check features, wednesday morning now with don 100 at the opening bell. No idea how close. Don 100 at the open, nasa done 50 in the opening bell is next. Like in im also mr. Leg day. 1989 anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq100 innovations. I go through a lot of pants. 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Take charge of your health care. Call unitedhealthcare for your free decision guide and learn more about lowering your outofpocket medicare costs and seeing any doctor who accepts medicare patients. Oh, and happy birthday. Or retirement. In advance. Well, look whos back. The dow is down 100, nasa done 50. Look whos back. Put him on the show. Eddie, there he is. Same question i always ask you, are you lacking socks one 100 . We are not one 100 in stock, we are buying dips in areas we like. Yesterday we had a big dip in aerospace and defense open up 4 yesterday. We did add to that position but we are still taking a cautious approach buying areas like because this seems to broaden out to be healthy but we are not out of the woods yet. Stuart i take it youre not buying the tech stocks. Big tech has had an amazing run here today. Probably a breather in the coming weeks if this broadens out and then youll get a viable dip, i dont think youll see major drop in the next few months or the Broader Market because of where we are. Stuart jay powell announces Interest Rate move that the coming, do you think he could deliver a soft landing . I dont. We can debate whether they raise rates one or two more times. The biggest problem we have right now is a are not going to cut rates anytime soon so the cost of capital will stay really high for the foreseeable future. If you are seeing strain on commercial real estate, consumer getting weaker. Small businesses are having issues, the only thing that has not broken down is the labor market and thats the thing to pay the most attention to. Acceleration in jobless cl