Transcripts For FBC Varney Company 20160711 : comparemela.c

towards one side in the racial divide. all of this comes after a tumultuous statement from the fbi chief that hillary clinton had been extremely careless with the nation's secrets. the president appears tired and worn down by the challenges of his office. the two leading candidates to succeed him are both disliked by record numbers of voters. no wonder our country is on edge. we're hungry for leadership. monday, july 11th, 2016 our program is about to begin. ♪ all right, everyone, we'll get to dallas and presidential leadership and hillary's e-mails in a moment. first a look at your money. look at dow futures, we're way back above 18,000, maybe on track for another record high. by the way, the losses from the british exit vote totally gone, way over 18,000 is where we are today. and the s&p 500, it is set to open above its previous record closing high. up again. and how about the price of oil, down again? we're looking-- i'm sorry, up slightly today, but at $45 per barrel. and here is the number that's troubled so many people. the yield on the 10-year treasury, we're now at 1.41%. close to those historic lows we reached last week. what you make of that number and what does it mean for our economy, and our society going forward? how about the stock of the day today could be amazon. it's closing in on $750 per share as of this morning. liz macdonald amazon's prime day. that's tomorrow. prime day is tomorrow. they say it could be bigger than black friday liz: yes, it could be bigger than the event last year. so amazon could possibly double its sales, estimated 400 million dollars in revenues in one day. so, wall street analysts are ballparking maybe 800 million. maybe a billion dollars, we don't know yet. 400 deals a second. so, prime day coming now, there are discounts on amazon right now. amazon is in a sweet spot. stuart: you've been nodding vigorously tammy. >> it's success and an incredible amount of money and you provide something the american people want, it's going to go through the roof. it's fabulous. stuart: let me sum this up. stocks up to near record highs, interest rates down to near record lows and amazon may be the stock of the day, may be hitting $750 per share. a perfect time to bring in art laffer, former reagan economist. my only explanation for the surge in the stock market, art, is that "we are the world's" safe haven. what do you say? >> well, i really-- i don't know that that's it, but let me just say that stock markets tell us what will be and what is. and that's the collective forecast of the future of the u.s. and i think of the politics, that's going well. i think the change from obama to the next administration will be spectacular, and i really see the outlook for the u.s. very, very positively. stuart: now, that's interesting. i mean, i thought that all this money that's pouring into treasury bonds, for example, and pushing yields way down, that was a sign of flight to safety. we are the safe haven. and to some degree, that's true about currency and true about stock markets, no? >> well, there has been truth in it in the stock market as well as the bond market. you look at the u.s. dollar, it's appreciating dramatically. if you're foreigner and you held the u.s. bonds, that's all very true, but the u.s. is also looking forward to better outlook for output, employment and production and in my view, i think we're at the beginning of one very, very long bull market that will be spectacular. stuart: you are the perfect guest for 9:04 a.m. eastern time. the world is in turmoil, but art laffer says we're in for a prolonged rally. >> you had to be there with jimmy carter. this is exactly what happened. the race riot under jimmy carter, the polarization, he was beyond belief. when reagan came in, race riots disappeared and the problem is not police versus black lives matter. the problem is jobs, unemployment, and if it cakes tax cuts, free money, free trade. stuart: i'm glad you got that in. i have to get back to the dallas story, the attack on police there. we have new details emerging about the suspects, the suspect's larger plan. >> devastating impact, what the police of chief said. what the shooter was planning. bomb making materials, ballistic vests, rifles, am no, a journal combat tactics, and keep the enemy confused. and he drove his black heavy tahoe, he was rambling, singing at the scene and write two letters in blood in the parking garage where he was hiding. r period b period we don't know what that means yet. we'll give you the details as they come in. stuart: president obama is scheduled to attend the memorial day service in dallas tomorrow, but he says we do not know what the motive was for the attack. roll that tape. >> i think it's very hard to untangle the motives of this shooter. as we've seen in a whole range of incidents with mass shooters, they are by definition troubled. what sets it off, i'll leave that to psychologists. stuart: now, remember, that was the president speaking in poland on saturday. dallas police chief david brown was very clear when he described the motive on friday morning. roll that tape. >> all i know is that this, is must stop. this divisiveness between our police and our citizens. the suspect said he was upset about black lives matter. he said he was upset about the recent police shootings. the suspect said he was upset at white people. the suspect stated he wanted to kill white people, especially white officers. stuart: all right, you heard it from two sides there. now, tammy bruce, the president goes to dallas tomorrow. can he pull the country tother? >> wel he hasn yet. he's had seven and a half years so the answer is no. this is what's fascinating here. you have a suspect who says i hate white people, i want to kill white cops. a man who says i'm killing people for isis and al baghdady. in both cases they don't understand the motive yet, mr. obama and others found it clear to assign motive to every american who is not a person of color of racism. so we're racist, but those who state their points of view, they can't figure it out. this is ridiculous, it's an insult to every american regardless of complexion. stuart: do you believe that the president has tilted. there's a racial divide in america, got that, has the president tilt today one side? >> mr. laffer's point, it was carter and now. and notice, this is convention month. we've had some police brutality before this yet, it's amazing how this occurs in political expedient months. same with carter, left to distract from their policies to destroy lives. >> contrast the president said to bill clinton, i don't know how you would characterize the gang leaders who got 13-year-old kids hopped up on crack and send them out in the street to kill and murder other african-american children. you are defending a people who kill the lives you say matter. tell the truth. stuart: we hear it all. now, i want to move on to donald trump. he, this week, in fact, right now, looking very closely at vice-presidential candidates. now, he is going to announce who his pick is at the republican convention which starts next week and trump appeared to have narrowed it down to four potential picks. new jersey governor chris christie, indiana governor mike pence. former speaker of the house, newt gingrich. and former intelligence director lieutenant general michael flynn. we'll have more on that later on this program. meanwhile, on the democrat side, bernie sanders scheduled to campaign with hillary clinton tomorrow. first time we've seen that. art laffer, i say that bernie sanders has very successfully shifted hillary way over to the left. am i right? >> i think you're completely correct on that, stuart. she was easy to let go over to the left, too, she's wanted to be there for a long, long time, the only reason she hasn't been because it was politically expedient in the primary to go too far, with bernie she's gone over she's always been a left leaning person. >> you have to answer the question. you said a moment ago we're going to get a new president in november. if it's hillary how can i say that she opens up a period of growth for america's economy if you've got way far to the left policies? >> i don't think it's going to be hillary, stuart. sorry. and i don't think there's a chance that she wins. if you look at the voter turnout and look at the state and local elections, look at the u.s. house and senate, there's been a revolution going on in the lower elections and also in the voter turnout. republicans in the states before trump was a presumptive nominee, the republican turnout exceeded the democratic turnout by 3 1/2 million, prior to that in 2008 the democrats exceeded in those same primaries, republicans turned out by 11 1/2 million. this is a massive shift towards republican and pro growth agenda and you'll see it happen on election day. stuart: all right, art, we've got you for the next half hour and sit tight and we'll get back to you. i want to bring in sports, it's soccer. you're about to see reynoldo get badly injured. virtually in tears. and if you look at that, there's a moth that settled on his face. that caught the attention of the crowd. apparently the groundskeepers left the lights on and they were infested by bugs. and that leaves the portugese, wow, see that, he scores and that's the second part of extra overtime played in the game. portugal beats france 1-nil the first time the portugal team-- >> i know one thing about soccer, he was named off ronald reagan. stuart: no, he was not. >> yes, he was, his father did that. stuart: what a guy, what a great guy. >> my heart is broken more that he's injured. yes, he was ronald reagan. stuart: they're telling me i have to move on from soccer, even though there's a reagan connection. >> wherever they are, i find them. stuart: look at this, it's a monday morning. a weekend of turmoil and stocks are going to open up higher, up 80-odd points, pretty soon we'll be talking about an all-time high for the dow industrials. we'll hold that theme for you. back in a moment. >> really, it has been a tumultuous past week. look what you're seeing for most of last week. i want to analyze the current state of the nation from several political perspectives. to help me do that, lt. colonel ralph peters is with me. and he's the author of a new book that i've read and it's good. let's get to the topic at hand. the president is going to dallas for the memorial service tomorrow. from his perspective, can he unite the nation? >> no. you know, the chattering classes and certainly the washington press corps cares what the president said. i truly feel that americans have written him off. not intentionally. it's not a conscious decision, they just see him not as a lame duck, but lame and squandered opportunities and tragically failed presidency and expectations for his visit to dallas are very low. stuart: take it from the perspective of hillary clinton. she's been relatively quiet, i think, over the past weekend since dallas. can she unite the nation? >> no, and it wouldn't pay her to do so anyway. this is a lose-lose situation for her. stuart: what do you mean by that? >> well, hillary clinton, the left wing of the democratic party has betrayed one of the fundamental traits of marxism, but by aligning itself so heavily and relying on a base of people who rely heavily on government handouts and marginal members of society, the democrats have really trapped themselves on this particular issue. hillary clinton can't come out strong in defense of law and order of the police because she'd lose too many votes among an essential parts of her base so she's stuck and you know, to jump a little ahead here, every rock a demonstrators throws at a cop is at least a thousand for votes for donald trump and she didn't know what to do about it. stuart: can donald trump unite the nation? >> no, we're in a bad way, stuart. now, i think though what donald trump is doing very successfully and to the c consternation of the chattering classes and underestimated the anger out there, he's given voice to traditionally democratic voter, the light blue collar voters, the lower class into the middle class. people are incredibly frustrated and feel utterly ignored. where i come from coal town, pennsylvania. and my wife's family from upstate new york. they're not angry about the 1%. they're angry about a sense of powerlessness, a sense that their tax dollars are squandered. you're better off not working. last week someone was complaining to me in northern virginia they've got to pay $2,000 a month for their health care under obamacare while people that don't work are essentially getting it free. so, whether or not you think any of this is right or wrong, what matters is the feeling of anger in the land and the anger is by no means confined to black lives matter. the anger is far broader and trump is the winner. stuart: if you've got it right. ralph, thank you for joining us and putting it in perspective. we appreciate it, ralph, thank you. let me take you to one particular some that's always very much in the news and that's apple is in the news again. it's been downgraded again. and this was from raymond james. it looks like it's going to open fractionally higher. it's $97 a share on that world's greatest technology company apple computers. >> hillary clinton will not be prosecuted in that e-mail scandal. now the focus changes to this. the conflict of interest within the clinton foundation. we're going to discuss that. huge weekend at the box office for universal pictures new movie. the secret life of pets. it's the sixth biggest opening for an animated film ever. you do all this research on a perfect car, then smash it into a tree. your insurance company raises your rates. maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. just one of the many features that comes standard with our base policy. call for a free quote today. liberty stands with you™. liberty mutual insurance. >> secretary clinton said there was nothing classified on her e-mails either sent or received; is that true >> that's not true-- >> secretary clinton said i did not e-mail any classified material, there is no classified material, is that true. >> there was classified material e-mailed. >> secretary clinton said she used just one device, was that true? >> she used multiple devices. >> secretary clinton said all work related e-mails were returned to the state department. was that true? >> no, we found work related e-mails, thousands that were not returned. stuart: okay, you heard it. that was an exchange between craig gowdy and james comey on secretary clinton's use of the private server. the issues not going awayment tammy, house republicans want the fbi to look into hillary's lying under oath to congress. >> yes, and one. reasons why we're at this point is because the fbi has police sized this entire situation in the first place. of course they're not going to do that, we're close to the election. there's a washington post poll, abc washington post, 56% of americans are-- don't like the fact that the fbi decided to not indict and 57% of americans worry about what she'd do as president if she was elected. this is for how divided americans are this is a huge number. >> 56% wanted her indicted. >> they disagree with the nonindictment. >> she should have been indicted and that poll is out this morning. >> this means that democrats, republicans and independents, americans across the board. stuart: wow, thick and fast this morning. is it not? tammy, thank you very much indeed. and we've got a smartphone game, pokemon. >> you play the game walking around in the real world, you try and find virtual monsters, apparently. nintendo's stock way, way up on this new development. one last check of futures. looks like another up day for the dow, the nasdaq, the s&p, they're all going up. when that opening bell sounds four minutes from now. >> well, lots of anticipation ahead of the opening bell today because we were up big last week and there's turmoil all around the world. where are we going to open? bang! 9:30 i will tell you that we're opening up. 35 points higher, we're going up maybe 80 points othe w right from the opening bell. let's see. watch it happen on this program. the s&p 500, that's already opened, of course. and it's opened at an all-time high. that index, 500 stocks in it, never been higher. the nasdaq, home of all the technology companies, where is that this morning? up 20 points, closing in on maybe the 5,000 level. it's been there before. many years ago, getting close again. all three major averages have totally wiped out their losses from the british exit vote. the price of gold firmly above $1,350 per ounce, down only a tiny fraction today. look at silver. also, it's trading higher. it's reached $20 an ounce, barron's has said silver is a better bet than gold this year. how about oil? around $45 a barrel this morning, up 25 cents. here is a number, you've got to look at this. this is the yield on the 10-year treasury. we are at 1.1-- 1.41%. for those of you listening on the radio i repeat 1.41%. smith & wesson, sturm ruger, up following calling for stricter gun laws after the dallas shooting. those stocks have gone up. and how about taser, make the police body cameras, they were up 5% on friday and up 1 1/2% today. this may be the stock of the day, amazon, very close to $750 a share and tomorrow is amazon's annual prime day. that's a new high. it did hit 750, very, very briefly and that's the all-time high for the stock, then we have tesla. the founder is elon musk. he says on twitter, he has a quote, top secret master plan he's going to share later this week. maybe that's enough to push the stock up about 1 1/2%. it is up today. netflix, right now, that stock is down 1.3%, and there's a warning in barron's. they say the stock could call up to 40%. 95 on barron's right now. and look at facebook, they're facing scrutiny over ethics of the live streaming options after they live streamed the dallas shooting last week. 117 on facebook this morning. who is with us this monday morning to tell us what on earth is going on, make sense of it all. liz macdonald. scott shellady, art laffer, keith fitz-gerald and tammy bruce right there all of you on this fine program. interest rates record lows and i say that america is the world's safe haven. keith, are you going to disagree with me? >> you know -- no, i'm not going to disagree with you. there's a refinement, it's the best looking horse in the glue factory. if a thousand buyers are trying to buy one egg, it's going to be expensive and that's why they're getting bid up. stuart: art laffer, 20 minutes ago you said the market is getting ready for a new president and that president is donald trump and that's why it's going up? are you haven't changed your mind in 20 minutes. >> no, i'm not. stuart: what about the safe haven argument? >> when you look at countries like europe. i do not see how europe does well without britain. i think that britain is going to do better without europe and britain doesn't look good at all. if you look at japan. japan is a basket case. over the weekend. they reelected the government that has been doing that for japan and reelected them in a landslide. when i look at the rest of the world, pretty bad except for the u.k. and u.s. and what can i tell you, i think we're both safe havens and the u.k. will show that in the next year or so. stuart: scott shellady, i have to ask you about historic low interest rates. especially in america. that is the result of of us being the safe haven, isn't it? money flowing into the dollar or flowing into our treasury bonds. is that right? >> yeah, it's partly safe haven, but you're forgetting another thing, stuart. all the other yields around the world are so low, folks are coming to us to get that on the yield to say that the swift 50-year bond went negative last week. we've got more and more folks flowing our way, not just for the safe haven, but they'll take that because that's not a negative. stuart: yeah, i got it. >> virtually no bonds sold at negative yield. more than 13 trillion dollar worth of government bonds, you're paying governments to save. >> morality has nothing to do with this, the world seems to be falling to pieces and can't understand the negative rates. violence all over the place, terrorism breaking out, but the world of money is amoral, is that true? >> i disagree, i disagree. the reason you've got the negative rates and economic problems in europe and around the world is because of socialism. it's the craven dynamic. when you're moving forward to lift people up you've got a free market and free dynamic, that's moral in and of itself and that's why we're the safe haven. stuart: i've got to say that this is the former leftist. who did i hear in my ear. make your point, keith. >> well said, tammy. >> good point. >> and socialism is a driving thing. stuart: all right, scott. now, it's your moment, say it. >> we could sum it up in one sentence, where else are you going to put your money? that's the problem. as long as you've got things happening around the world and not going to get better soon. we'll have-- i think that with the rhetoric we've got going on say from our fed about maybe still raising interest rates. what's that going to do to the multinationals and what they can earn overseas: that doing getting stronger is not good news for us at home. >> why not? >> it's dow jones-- art laffer, what's this? >> why is the dollar getting stronger a problem? i think the strong currency means a strong country. >> he's right. stuart: but it does reflect on american multinationals overseas. >> only in the accounting sense. it doesn't reflect on the-- >> well, that's what wall street is-- >> i think they care about the economics coming out, not currency translation problems. stuart: got it. i want to move on to individual stocks because some are really moving, for example, amazon. it's that prime day, the big day tomorrow. major sales across all areas for prime users. liz, though, i think that some-- look at that, 751 on amazon, you called it liz: i tell you, this stock is up nearly triple. it's one and a half times from 2014. so we would have nearly tripled right now. so, what is happening right now? target, sears, banana republic and wal-mart coming out with discounts in advance of prime day and wal-mart doing away with the price it's charging for shipping. it's free shipping with no minimum. before, you had to have a $50 minimum. stuart: amazon is driving the price. keith, i'm astonished by amazon's price, when is it going to stop? >> i don't think it will. they're clearly deck dictating the rules. and creating a holiday, we talked about it valentine's day, and halloween. ten years from now, a major retail trend setter. stuart: i want to look at the board, eight minutes into the trading session, tumultuous week last week, but look, dow 18,200 not that far from its all-time record high. the s&p 500, that opened at a record level. and now, look at google. it has updated its maps and maps and its earth app, i should say, get that right. and maps and earth apps upgraded. they've got to use super sharp images from satellite and some people think it's too intrusive. it's up. and twitter facing more problems. its founder, jack dorsey had his own twitter account hacked. graham holdings, former of "the washington post," they sold to jeff bezos, amazon, up big because barron's said that stock could go up 35%. alcoa, they kick off this quarter's earnings season, they're up and they get the earnings out. excuse me, after the bell later on today. look at netflix again, please. barron's warns it could fall up to 40%. nicole of the exchange, why are they warning of such a big drop? what's the story. nicole: analysts look at netflix, it used to be a hot new streaming company, breaking barriers, gaining new subscribers and the stock was soaring and it was a new eyed and fresh. now they're saying that everyone is starting to stream. it's no longer, a scrappy upstart. it's saturated in the u.s., they're going to have higher costs abroad. they're paying licensing to disney and the like and so the analysts, some of which had a lot of liking for netflix in years past and brought the buys to hold, one analyst, who is a brand new analyst who looked with fresh eyes and put a sell rating on a $80 target, so, jeffries, so, not hot. >> not hot. that's an outcue, i think, not hot. how about this? this fascinates me, a new game from nintendo, called pokemon go. it lets them play in the real world. you use your gps on your phone and literally walk around outside, outdoors as you play this virtual game. the reports have had all types of issue to people finding dead bodies or getting mugged. and the nintendo stock is up 40%. >> wow. stuart: have you ever seen anything like that before? >> no, it gained 7 1/2 million in market valley most since 1983. stuart: this is very, very good news for nintendo, isn't it? >> well, i think so. it's great for think company that can create reality with this. people are getting mugged and finding dead bodies. and as a shareholder, wow, great revenue, but very, very concerned how people are engrossed in these things. >> look, when you talk about amazon, companies suddenly doing well are the ones that create something new, building, innovating, what else can they do, nintendo, they can do this. somebody has new ideas. stuart: it's innovative. it's flat-out innovative. 18, 241, what a stellar opening to the market this monday morning and i want to thank scott, art, keith, and tammy for their participation. >> because you're back. look at those numbers liz: that's right. stuart: it's great to be back, what a day. thanks, everybody. we're one week away from the republican national convention. donald trump narrowing down his vice-presidential picks. the newest name on the list, a retired general who's also a registered democrat. meanwhile, al sharpton says that the n.r.a. is racist, that the second amendment only applies to white people. we'll play you the sound bite. you can judge. more varney after this. ♪ [bassist] two late nights in tucson. blew an amp.but good nights. sure,music's why we do this,but it's still our business. we spend days booking gigs, then we've gotta put in the miles to get there. but it's not without its perks. like seeing our album sales go through the roof enough to finally start paying meg's little brother- i mean,our new tour manager-with real,actual money. we run on quickbooks.that's how we own it. >> well, we're up almost 100 points this monday morning. the dow is at 18,242, not that far away from its historic all-time high. the share price of tesla moving upoday nearly $8 higher. and elon musk says he has a master plan for the company, he will unveil it this week, the stock is up. and a british authority party member, almost a leader, andrea l leetham, dropped out of the race to be prime minister. what happened with the spat between the two women liz: she attacked because she's not a mother. she's a mother of three. stuart: that's theresa. >> talking about andrea attacked theresa for not being a mother. i generally feel being a mom means a stake in the future i have children who will have children and directly happens next. she's apologized for that, but the blowback here rangered from disappointing to disgusting and the people of england say we want someone who will unify us. we have 43 years of legislation and trade deals that have to be sorted in. stuart: so theresa may the next prime minister, the second female prime minister and second conservative. >> it means it will be a woman who will succeed in the office because she's a conservative. stuart: right and she didn't play the gender game. >> she didn't. this is where it's important, that she's a conservative who happens to be a woman, but people tend to turn to women when they want reform, but at the same time want women who know what they're doing and i think that she'll be very good. stuart: a look at donald trump and his vice-presidential pick, we could hear an announcement sometime this week, but the question, where has donald been over the weekend since he did put out a statement on friday after the dallas incident, but i've not heard much from him over the weekend. steve cortez is with uses, and's' trump campaign surrogate. what has he done over the weekend? >> i think what he's been doing is carefully planning, as you mentioned, all in likelihood this week. and we'll get his announcement, i hope-- i hope it's mike pence. he's travelling to indiana, mr. trump is and that's a perfect opportunity to name mike pence, one of the great governors in america, a conservative, a dynamic candidate, i think, for the vice-presidentsy. i hope he'll name him. whoever he names it will be significant and i think we are going to see, mr. trump was quiet over the weekend, i think was respectful. on friday, we had the worst day for law enforcement in in country since 9/11 and the contrast, i think, of his dignified quiet stance and hillary clinton answering endless lingering questions about her e-mail scandal and the majority of americans in this poll, believe she should have been indicted. and she's a wounded candidate and talked about that all weekend and donald trump was respectful of law enforcement and angst and pain on our society. stuart: do you think that donald trump-- he had a bad phase, a bad month. do you think he's coming out of it. >> i really do, yeah: listen, i'll be the first to admit, i'm a trump surrogate and we didn't have a great june, there's growing pains as he pivoted from the general to the primary election. he's not an experienced politician. he's raised a ton of money in june and i think we'll see a far more disciplined and organized campaign and reclaim the narrative with his vice-presidential selection and with the republican convention and i'll look forward to be there and i think we'll be there together, stuart. and i think that donald trump will have a wonderful convention and catapult out of that into the rest of the summer. stuart: steve, thanks for joining us, a big day and we appreciate you being here. steve cortez. >> thank you. stuart: check the market, we're up, all, but 30 dow stocks ands you can see 23 are up and the dow average is up. is that a flight to safety or is that, as art laffer suggested, a look forward to a new president as in donald trump. that's a long story, long way away. we're following politics, of course, john kasich says he's not going to be at the republican convention, he's not going to be there. what's with that? ohio is a must-win state and he's the state's republican governor and he won't be at the convention? we're onto that one. ♪ your insurance company won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan. no, i picked the wrong insurance company. with liberty mutual new car replacement™, you won't have to worry about replacing your car because you'll get the full value back including depreciation. and if you have more than one liberty mutual policy, you qualify for a multi-policy discount, saving you money on your car and home coverage. call for a free quote today. liberty stands with you™. liberty mutual insurance. >> this could be the stock of the day. we're talking amazon, $754 a share as of right now and that's up over $8. and that stock has never ever been higher. well, we are one week away from the start of the republican national convention. the never trump people will have their last chance to try and stop donald trump. randy evans is with us. he's rnc rules committee member. very important guy. recommend, randy. >> thank you for having me. do you think that donald trump can be stopped by the never trump people? >> not at thisoint. the combination of the rnc delegates and of the donald trump delegates are well over two-thirds and they'll control-- >> to your knowledge will there be attempts to change the rules in any way to make the never trump people more powerful? >> no, there will be a lot of noise and rules made and they'll try to pass a rule, i think, who the vp is, but-- >> really? >> they don't have the votes. >> they'll try to change the rules so they will have input who donald trump's vice-president will be. >> exactly or take people away from them. stuart: how would that work? >> it's a lot of noise. the never trump people are just out there and they have some delegates on floor, but don't have enough to make a difference and what's the delegate count, stuart, over two-thirds under the house rules. you can call to question or shut down the debate. stuart: you can do that and how it's done. >> that's how it's done and how it will be doen in the rules committee when it meets on thursday and friday, but i expect some surprises. >> here is my question, john kasich, republican, governor of ohio, he says he's not going to attend the convention and it's in his home state. >> right. stuart: and the republicans must win ohio. >> right. stuart: what chance, i'm throwing this at you, what chance that john kasich walks into the convention and accepts the nomination as vice-president? >> zero. [laughter] >> are you sure? >> i have no doubt about that. i think that -- i think mr. trump spent the weekend kind of working and met with them and getting down to the final few. stuart: kasich is not on it. absolutely not. you're shaking your head. that's a blow to the republicans. ohio is a must-win state. >> yeah, i think there are other candidates, mike pence or newt gingrich would fill that void as well. if you just look at somebody like newt who would immediately, you know, trump is poll in the 70's, and he needs to poll in 90's. and you need to win your party. newt gingrich, has been the speaker, in line to be president, rebuilt, someone like that or mike pence who brings in the conservative base and indiana is like ohio, very important states and they're like sister states. stuart: bottom line from this interview, the never trump people are finished. >> finished. stuart: finished. >> bravo. stuart: that was clear, very clear. all right, hillary clinton, oh, not out of the woods entirely in the series of scandals that have hit her. now, the focus turns to the conflict of interest within the clinton foundation. we're on that story. the state of our nation, our country divided, racial tension high. the issue at hand, president obama, where is the leadership? more "varney & company" in a moment. .. stuart: eight at 10:00 on the east coast through 7:00 in the morning in california. you are waking up to more green arrows. that is the financial news this morning. applause from tammy bruce beard talking about the dow, which is very close to an all-time record high. same story the s&p 500 is at a record high. you've got to look at netflix. there is a stock very much in the news for the past couple years. burns has the stock could drop 40%. another 40%. basically streaming has gone mainstream. new-paragraph the emergence that was down 1.5%. look at amazon. they primed it tomorrow. the socket a lifetime high. $754 a share. retailers to regular people it from amazon and special deals of their own. more on that later. amazon 753. that's the market backdrop. here are the headlines. more from the protest in response to police dozens of officers injured over the weekend. looking for leadership of president obama. donald trump will make his first appearance of the first appearance at the dallas human spirit will ask one of his strongest supporters how he can unite our country. plus, the fbi chief says hillary clinton was extremely careless. half of voters say 56% say she should have been indicted. hillary remains defiant. let's get to dallas and president obama arrived there tomorrow. we are looking for unity. rudy giuliani says the black lives matter movement is anything but unifying. because the group inherently racist. watch this. >> is inherently racist because number one that divides us. always matter. from the presidential candidate made a statement that always matter, they intimidated them into black lives matter. true into serious xm radio show host david webb is the best. i want to talk the issue of leadership. the president goes to dallas tomorrow. his job is to unite the party to leaders together. can he do it? >> he wasn't elected as a uniter for seven years. >> many white people voted. >> there's a key difference. they carved of people into segments, special interest groups. if your wife julie at the of blackness is granted as an amalgamated about. obama was never a uniter. money goes to dallas and it's not just dallas. the first responders around the country. where's the credibility when i started out by saying we don't have all the facts but the police acted stupidly or he supports along with the dm to you and hillary clinton and bernie sanders black lives matter. he's the leader of his party. he can go to his party and they can tell, don't shoot is a lie instead. he perpetuates the lie. stuart: has a tilted? there is a racial divide. as he tilted towards one side of it? the >> is always someone died washing room harbored videos and watch themrom its early days thursday sunny days realized that barack obama is an ideologue as we said in january 2009 because i observed him. i was invested in its color. i don't care whether his black, white, half black or halfway.e d president. he's lost the families because he either minimize this comment diminishes or backs off when officers are attacked, but it does have a one is in the black lives matter side. parody is not there. treats are all sharp goodness calling up the nra. what he calls a white only approach. watch this. >> i miss the nra coming out defending their gun ran that they legally had. where is the nra now? maybe you mean the second amendment are for whites only. stuart: i call that flat-out devices. >> i reach for her father listened to al sharpton. this is nra card. when i signed up, they didn't check my ethnicity. it doesn't exist. al sharpton who is to race bait during chief of this country goes out and throws out a false argument and nra for whites only is his way of doing that. it is the old dog whistle approach that he uses. the fact is altering sterling had an illegal gun to adjudicate a new due process, whether it was a good shoot our bachelor. it was an illegal gun. questions in minneapolis told the process. he was a legal concealed carry permit city. there are issues to be just us. al sharpton is irrelevant. his tv show failed. his radio show failure to he's been a failure for the black community and the american community. stuart: david webb, thank you are joining us get moving on belfast. >> i didn't check my ethnicity when i joined. stuart: thank you, david. back to the market. all the major averages are up this monday morning at the s&p 500 at a record high. as you can see the dow industrials 18,200. is this the place to put your money? dream or a safe harbor. now we've got insurgency in the u.k. with theresa may, home secretary is home secretary likely defeating david cameron. across the world you see turmoil in asia and emerging markets. here is the caveat. the market is slightly overvalued meaning on an earnings basis. you've got to watch what you are buying to be slightly risky. stuart: early on the show, art laffer says we are a safe haven. that's why were good for marketers looking for the next president. you were nodding your head vigorously. liz: with this news out of england, you see a trend happening. everyone recognizes that it's not going to stop here and there's a recognition especially with what's going on right now, we tend to have higher rates in the voting booth. americans are seen things they don't like. they know that they can't have hillary clinton in the white house that they want to get better. stuart: do you actually see politics at work in the marketplace. to some degree propelling our market higher? >> is really about the future if you've got the money for the future, where you have optimism and who is going to lead the world to a better place in the market as part of that. stuart: i want to move on to hillary clinton. a new "washington post" abc poll out this morning shows 56% of people say hillary should have been indicted in the enough handle by the fbi, should have been indicted. half would still vote for her even though they want her to be indicted, half of those people will still vote for her. henry was defined when asked about the fbi dirt saying she was careless. watch this. >> as i have said many times, i certainly did not believe that i received or sent any material that was classified and indeed any of the documents that have been referred to, i think were not marked or were marked and accurately as now been clarified. stuart: former bush white house adviser fox news contributor carl rove is with us now. it appears that hillary clinton wanted to be out of the woods. a sheet? >> i don't think so when i don't think so in part because of the kind of comment that you do show it from her. she was found guilty of by fbi director called me of lying continually to the american people. every excuse she gave us, she systematically and 14 minute news conference demolished. she said she was allowed and permitted to do this pitch he never received classified information. she did this for convenice. all these things turned out not to be true. hermas wants us to repeat the lies that i never sent or received anything classified after he clearly said there are 110 top-secret messages that pass through the e-mail chain. that was classified at the time it was sent through the system. there are several thousand pieces of e-mail that contained sensitive information that were tied, later classified and you should've been sensitive about and not been using a private e-mail server to share those items. stuart: this would surely be chrysler's material for donald trump to go on the attack against hillary. then came the dallas shootings thursday into friday. over the weekend, account has been largely silent perhaps out of respect or what happened in dallas. was that the right track stick? >> it was a tactic to be respectful and limit his campaign appearances. but i disagree with if he had an appearance in cincinnati in front of a huge crowd on the night or he could have litigated this. it was his first public appearance after the comey conference. he could've gone chapter and verse to all of the things that she said and why they were lies. why is that important? you and i may know a lot about this come about the swing voters to decide the election want to hear more information. 56% of the american people should have been indicted. the cases prosecuted by tromping should've been prosecuted wednesday night. the number would go higher over the campaign and become more important in determining people sufficient. instead of doing that, he spent when they make defending the use of a start david in a treaty that the previous weekend. stay focused on the big important thing in a big important thing last week was why james comey said about her handling of e-mails and private e-mail server. stuart: karl rove, thank you for joining us. breaking news around the world of professional basketball. san antonio spurs star announcing his retirement. i am told this is a big deal. david webb, you know about this. >> having been a fan of san antonio to have the admiral david robinson. this is a wake forest alumni, so tim duncan, two decades almost clean record on the didn't get in trouble, played the game. he is the last great class of basketball players and to see david robinson, those guys on the corner. the san antonio spurs were a great team to watch. >> end of an era. walking off at the top. stuart: i've got to show you something. a fast-moving rush either -- brushfire north of los angeles at around 2000 people forced to leave their homes as the fire spread spirit already burned about 800 acres going on right now. southern california. terrified footage from spain, and a matador, definite bullfights. the animal rights act to this or cheeriness. jesse jackson blaming donald trump for the massacre of police officers in dallas. we will ask why not one as well. -- we will explain not one as well you can fly across welcome town in minutes16, or across the globe in under an hour. whole communities are living on mars and solar satellites provide earth with unlimited clean power. in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ stuart: solid game. not quite as tight as we were really asleep. we up 77 points. dow 30 stocks with an impression of an overall market. 25 of the dow stocks on the bed this morning. modest rally in progress. lots of stocks hitting lifetime high include the big guy, amazon, 782 at the moment. those dollar general, lockheed martin, all of them today hitting lifetime highs. twitter is down again, founder jack dorsey at twitter account was hacked over the weekend. traders deal dealing with hackers and still dealing with those trolls down 2.5% right now. texas governor great asset address to state and the nation last week in the act and after the shooting in dallas. but he did not tell you in those conferences was that the governor was in severe pain. his legs from the knees down and all across the state wrapped in dressings. the governor had been vacationing in wyoming when he was at that place called it with hot water on both his legs are the governor was driving back from the hospital when the news of the shooting road. it is not clear whether he is seriously injured in a not to go to the republican national convention next week. we certainly wish it is beauty recovery. meanwhile, not shooting a few bucks for my next guest church. first baptist dallas pastor and fox news contributor. past her, you're a trump supporter. bearing in mind with donald trump has already said, how does he become a unifier? the president is going to dallas tomorrow feared he wants to be the unifier finish association. i want to ask you as a trump supporter how can donald trump u. unifier? the nike can by doing exactly what he's doing right now and refusing to use the tragedy for gain. when i think about president obama, he is really exacerbating the racial tension in our country right now. last week for that job is tragedy in warsaw talking about shootings in the week and not in minnesota, he gave statistics that made it look like like police when they were against minorities. nothing could be further from the truth. the fact is that we shoot twice as many white people a spot people. obama onto the influence right for the police are reminding people the majority of police officers are good and faithful servant and a few who are and will be investigated and prosecuted. it's tragic what the president has been doing so far is. >> jesse jackson says donald trump shouldn't take some of the blame for creating the racially charged climate and an anti-blackbird. but you say to that? >> jesse jackson is nothing but a fraud as is al sharpton is dallas who organized the protest. what church or the so-called ministers even associated with? i sat in our church that the bible teaches police officers are ministers of god sent by god to punish evildoers and a true minister of d to dilbert like for police officers rather than sowing seeds of distrust and gestures like the bogus ministers are doing. >> hold on a second. tammy bruce want to get into this. >> is exactly what the left has always done. their tactic to you. we've got five to pops. the fact african-american suffering as well. all they can be their own political agenda or narrative. this is why continues. they are invested in continuing because they don't want to get crisis to go to the race. do you father paid to do it. >> your churches in dallas a few blocks away. as dallas at this moment the racially divided city? >> there's a lot of tension. yesterday, churches across the area came together. saturday was especially good month ago we have honored the dallas police. we had hundreds of officers present. we had a great guy we honored him as well. i think that is what church is not to be doing it eight liters a night of celebrating rather than condemning their beliefs. stuart: thank you for joining us. >> a very brief point that i don't take this nation is divided. this is the narrative of the media. we see none of dallas in the country. don't mistake what you see the media covering with what the rest of america is feeling. stuart: i heard robert say yes indeed. thank you one and all. today marks the start of earnings season with big corporations. tell us how much as did or did not make you alcoa is the first out of the block to bail out this afternoon in advance of those numbers are covers that is shared the big word has got a new life in a period now up 86.18000 to 33. i can't do the math, but i think we are within 100 points at an all-time high for the dodgers this elaborates. on this monday morning with a divided nation or an anxious nation certainly up again. >> s&p 500 with 40 stocks hitting record highs. >> 500 stocks have never been higher. the market is showing right there in the market. >> and extraordinary juxtaposition from what's going on politically and racially. >> one contracts and the other is moving. stuart: how about this. black lives matter some would say they are causing chaos across america. dr. martin luther teamed that violence begets violence. hate begets hate. 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with apple's not have done nothing but calmed down a couple months. a little bit higher today. to downgrade than a week by wall street firms. analysts say apple will not recover until next year after the holiday season. to spain, a famous matador mall on my tv. 29-year-old barrio, first recessional bullfighter to die in the ring and 30 years. elizabeth, according to tradition, do they kill the whole bloodline of the bull? is that true? liz: they killed the mother of the bull that killed the bullfighter. tradition says he wants up the bloodline. and mob rights activists and the political parties that don't do that. stop the gore. this is not helping spain at all. the public opinion show the country is divided. a lot of people don't like old fighting. they abuse the. they abused that will. they abuse the. they abuse the ball before they could read by cutting its tendons that mac to disable them. you are seeing the movement on social media thing don't have the mother of the bull. they are saying, they went a little out there think of the animal, the people which buried the bulls. spanish bull fighting is for blood. >> it began in the 14th century and a baby should stay in the 14th century. this is the 21st century. we are adults and civilized. it's time to move on from this horrible abuse and the danger to the individual to well. it's a 14th century of searcher d. liz: catalonia has already been there. stuart: i did not know that. got it, right. the stock price that nintendo way, way up today. just release the biggest cell phone and angry birds. can't, trying to locate things by using the gps on the smartphone to get out and search for things. some of the kids are getting into some trouble because of this search. the stock is up 32%. how about that. overall, the market is going straight up today with 25 of the 30 dow stocks in the green going higher. the dow was within sight of its all-time high. hillary clinton is not out of the woods. more investigations on the horizon. did she lie under oath? good question. >> i opted for convenient to use my purse e-mail account, which was allowed by the state department. wh drence at this point does it make? both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis and a $200 savings card. stuart: holding onto a solid gain of 73-point. so is the s&p 500, which is by the way an all-time record high territory. the 10 year treasury yield cause of concern to some people all the way down to 1.4 is era%. if you lend money to the german government, they have a negative interest rate. they will keep .17% of your money. same story in japan. mind them the money. they don't give it all back. they key point to 7% of your money. what in the world is with that? steve lord is with us and we hope you can explain what on earth is going on. i was on vacation last week. i'm constantly asked by people what is with this. how come $11 trillion worth of bonds you don't get all your money back. you don't get any interest at all. >> it's a great question. i will confess that i've been wrong on this the last two or three years. i keep telling people interest rates can possibly go lower and they keep falling. this was an indication that the risk aversion in the market right now. who buys a 10 year treasury at one point or percent interest rate. stuart: what is the risk? >> global chaos. you've got government completely out of control. where is the leadership right now? we don't have leadership in america. you don't have it in britain or germany or any other countries. we are the winston churchill and margaret thatcher in the jfk. they are just not out there right now. you see governments doing really things, raising taxes, big increases. stuart: are you in fear of absolute global chaos? economic chaos. i believe so. look, let me ask you a question. what do you think the chance over the next 10 years that the inflation rate will be over 1.4%? stuart: the chances of 1.4% inflation would be quite strong, with that? i would too. that leads to the question why would anyone buy a 1.4%. think of what that means. you are given the government your money and a promise in and they promised in 10 years they will give you that less money than you lend to them. the severe risk aversion all over the world is one of the recent thought this money is rushing to the united states. as bad as we are, we are still the least rotten apple on the car. >> early on the show, laughers suggested devising a stark market was the expert patient that a new president as of november will introduce it wrote oriented economic policy. are you going with that? >> i am hoping right after mr. trump. you can't deny that. art laffer has been involved in that as well. i think if you get president trump, you will see a big move in the economy. the stock market is doing fine. i'm talking about right now 1.5% to 2%, up to 4% for a long period of time. we will come out with tax reform proposal and that is three or four days. you above that, by the way. it is an art laffer of the deed more, trump that. all of those things will generate a lot of growth good if you get that come you want to invest in stocks right now. don't buy a 10 year treasury at 1.4% interest rate. they are crazy. you will lose money on that. stuart: okay, we hear you. >> i'm not buying them. are you buying them? stuart: i'm not. i could buy a big-name american corporate stock and get two or three or 4% dividend yield. why would i give one point or percent or negative overseas. >> the only thing i disagree with is a little bit of rest. if hillary wins we will get good for markets. stuart: tell us what the transplant has been rehashed it all out. hillary clinton accused of lying to congress, flat-out lying to congress. she is testifying about her e-mails in front of congress. watch this. >> i provided the department, which has her biting you with all of our work related e-mails all that i had approximately 55,000 pages and they are being publicly released. there is nothing marked classified on my e-mails, either sent or received. i asked my attorneys to oversee the process. they also went through every single e-mail. stuart: we need a lawyer and an attorney who speaks plain english. emily from tonya was with us. was that a lie what we just heard? >> yes, that was perjury. >> there is nothing classified on my e-mail sent or received. we now know 113 e-mails were sent and received by her. her attorneys comb through every e-mail. they respond promptly and turnover of her work related e-mail. several dozen e-mails were not turned over to the state department. ironically, all at the evidence and the sysmatic refuting came out of the mouth of the fbi director himself all testified why he failed to recommended prosecution. stuart: what are the consequences legally for lying to congress? the consequences if you leave country might to the police, fbi or judge. >> she can face up to five years in prison for a count of perjury. arthur stuart went to federal prison for making false statements during an fbi investigation. we then hear what she's facing. i also like to point out when hillary clinton was talking about the secure server, another untruth that was proven by the fbi were saying this is a secure server started by my has-been. this is her sidedness inherited rapture with weeks of a lack of accountability. ironically even though the public is 56% say you are against the lack of excitement. now wouldn't even impact their vote. stuart: a member of congress has to ask the fbi, go look into this and see if she lied according to the legal jurisdiction of the fbi. if that happens, she could face perjury charges. that is the chain of events that need to take place. >> correct. stuart: amalie, you speak plain english. thanks for joining us. stuart: amazon stock of the day. pride day is tomorrow. it is due to be huge. that has other retailers rolling out their own promotions. nicole petallides with the full story at the new york exchange. >> they are going to do this black friday in july. for them it is prime day number two. black friday in july or the other retailers want to get on board for the whole idea that they don't want to mention prime day. wal-mart is going bad discounts on tv some electronics. banana republic offering 60% starting now. basically going into prime day and in the meantime, amazon has a bigger and better prime day in the very first last year where they cite 80% more volumes failed with 398 fails per second. they broke all kinds of records and they're hoping to do it take for a better this year. some people were upset the deals were not long enough. the new record high again for the fourth decade day. stuart: it is amazing. $755 a share on amazon. who would've thought. nicole, thank you indeed. germany facing the microcredit is good to want us in akron and were involved in a over new year's those doubts were hidden. lieutenant colonel oliver north weighing in on donald trump. could a military man the hot chocolate in the white house? the colonel joins us next. liz: remember "varney & company" starts at 9:00 a.m. eastern time. here's what you missed last hour. ralph peters family hour. stuart: can he unite the nation? >> no. what the chattering classes in the washington press corps cares what the president had. i truly feel americans have written them off. it's not a conscious decision. they have squandered opportunities and tragically failed president dave. the expectations for his visit to dallas are very low. stuart: the rally hold the dow industrial now up 87-point and rising to 18,234. that is where we are within shouting distance of the all-time high for the dow. the all-time closing high was 18,212. we are less than 100 points away from the record closing high for the dow industrials. it is monday morning after a tumultuous week. the dow is way up and rising still. donald trump has been looking at various candidates with his vice presidential pick. newt gingrich, chris christie, mike pence. we hear he is also seriously considering retired lieutenant general michael t. flynn. lieutenant colonel oliver north is with us. do you think -- do you favor a military man as a vice presidential pick for donald trump at this time and do you think it would help him win the white house? >> let's start with full disclosure. mike flynn is a friend. i want to make sure everybody understands that. i think it is going to be very good for his credibility with the military veterans, families. talking somewhere and the numbers of 40 some odd million people if you count the military active-duty veterans and families. mike flynn is smart. he is brave. he backed obama on the isis jayvee comment. he backed him on the idea it was contained. he's bn an aocate for bringing allies instead of putting more americans on the ground in great risk and who would like to fix some of the problems in the pentagon that have assisted for seven plus years. stuart: i've got to raise this question. what would the country feel about a military man? a man who wears a uniform is a vice president of the united states at this point. as the country in a mood to accept that? >> going back to general grant and andie jackson and dwight eisenhower. we've had military man at the top of the ticket. i don't know what it does. if i knew so much about politics, you and i would be having this conversation in the u.s. senate off as. there's some downsides. he says he is pro-choice. i point out that george herbert walker bush was pro-choice before he became ronald reagan's vice president. certainly a pro-life president. in the long run he is a plus for the ticket. stuart: i've got this news coming in. defense secretary ash carter was sent i've hundred 60 troops to iraq. they will offer from the recaptured air base. they are going to support the battle to retake mosul. this is just developing the story. what do you make of this? >> i heard the discussion this past weekend that books are going to embed u.s. advisors with depeche mode got in the north and the iraqi security forces down south, right down to the battalion level, which needed to be done now for two years. more accurate airstrikes. the iraqi government is not completely cleared falluja. the attack on most though it is likely going to lead to at least a half-million refugees, most of which will end up in curtis and. not only has to be those additional eyes on the ground, not just boots on the ground to engage the enemy forces. the sunnis in anbar, too. stuart: at that particular direction. thanks for joining us. we appreciate it. >> always, stuart. stuart: two issues we will be covering. torstar brit hume on our country divided. there is precedent obama's leadership? brit hume coming up top of this hour. in the next hour, albeit a king, niece of martin luther king junior. what would her uncle do in response to black lives matter? >> why are you so ♪ approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance 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trained parent date by withholding information that is lined by omission. making sure the german people were unaware of what was happening. liz: that is right. angela merkel, chancellor of germany speaking to a rally of her political party say in the refugee flow was used to smuggle in terror. >> this was her idea. she unlocked the door for europe yet that is what is so ironic. she unlocked the door and called for them to come. it was an event passes. it was an invitation. the argument was about low-wage workers. they are still dealing with what america is dealing with. workers they need it for the socialist era meant him to pay for everyone else. liz: this is a tough story. they are criticized for not reporting social media that push the story forward. a quick check of the board at the highest for the day. now here is stuart varney with art laffer. stuart: stocks up to near record highs tiered interest rates down to near record lows. amazon may be the stock of the day, and maybe hitting $750 a share. a perfect time to bring in art laffer, former reagan economist. i only explanation for the surge in the stock market is that we are the world safe haven. what do you say? >> i don't know that that is it. stock market tell us what will be, not what has been or what is. that is the market collected forecast of the future of the u.s. politics is going very well. the change from obama to the next admin tuition will be spectacular. i see the outlook very positively. >> that's interesting. all of this money pouring into treasury bonds, for example, pushing yields way down. that was a sign of flight to safety. we are the safe haven. to some degree that's true of our currency and true of our stock market. >> to have some truth in it and the stock market as well as the bond market. the unit dollar is appreciated dramatically. stuart: the world is in turmoil but we are in for a bond rally in things will look good. >> you had to be there as jimmy carter. the race riot under jimmy carter, the polarization was just the bows so beyond belief. when race rights disappear, the problem is not police versus black lives matter. the problem is jobs, output, employment. if we had a good growing economy, none of this others that would be happening. that takes spending rates to free trade. stuart: i'm glad you got it in there. liz: wow, powerful stuff. coming up, the third hour of "varney & company." you will hear stuart on rising racial tension and president of him readership. don't look now. the dow within striking distance of a record high. already, the s&p interest rate hike. this is a global flight to safety. we are back in three-minute. don't go away. ♪ . stuart: there is an anxiety in america this monday morning. it is a moment that requires leadership. we're not getting it. america needs a clear voice. what's the problem and what are we going to do about it? the president is not supplying that clear voice. issue number one. the murder of five law enforcement officers in dallas. the shooter was black, the officers white. the shooter deliberately singled out his targets by race. his rants echoed the inflammatory language of black extremist groups. but the president actually likened one of those groups, black lives matter, to the abolitionist movement and the civil rights movement. that's the kind of moral confusion that surely has no place at this time. issue number two. terrorism. president obama will not link terror to islam. even though the orlando shooter had claimed to be with isis during his rampage, the president refuses to use the words islamic terror. and when killed american soldiers at fort hood, he called it workplace violence. you cannot unite against the enemy if you do not define the enemy. every president is challenged and every president has to respond. that's what presidents are elected to do. in the last two elections, we were voted for a president who would bring peace and racial reconciliation. after eight years, we have neither. we have not seen the leadership our country needs. while that is very much my opinion, joining us now before it hugh fox news senior analyst. am i right? where's leadership? i want to see leadership of my new adopted country. where is it? >> well, i would certainly say, stuart, that this moment cries out for some truth telling. and i'm afraid that the president has really not provided it. in the sense that if you look closely at the data, the claim that there's an epidemic of police killings, white police killings of black suspects is simply not there. there's some superficial statistics that could be society appear to say that when we drill down into the numbers and take into account the percentage of blacks who were arrested for crimes or convicted of crimes. you find that there's nothing -- there's nothing dispro important about it compared to the killings of police and white hispanic. further there's a stayed by harvard today that finds, yes, there's a disparity in treatment, that is the general treatment of black suspects rather than whites but not the study makes clear in police shootings of blacks. that proposition has not been suggested by president obama who suggests racism has to do with every incident, although there was no shooting involved in the henry about gates summit remember when he had to back off what he said? he suggested in the aftermath of ferguson, ferguson turned out to be not what everybody claimed at the time. and the let's just of black lives matter has been supported by the president although appears to be based on a falsehood. stuart: i want to play a sound byte from president obama speaking over the weekend saying the country is not as divided as some might suggest. >> as painful as this week has been, i firmly believe that america is not as divided as some have suggested. americans of all races and all backgrounds are rightly outraged by the inexcusable attack. stuart: what do you make of that, brit? are we as divided as we suggest we are? >> well, he said some are suggested. look that in purely political terms, i've been covering this stuff going on 50 years, and i don't think i've seen the political parties as divided or the country as divided on the issues that the political parties are running on than they are -- than we have today. and i think that the is manifestly clear, stuart, that the rac race relations in the united states have deteriorated for years, and we can determine where that plays out. but president obama has not led any kind of reconciliation of the races and did indeed has deepened. stuart: and at the same time the two candidates to succeed president obama are both significantly unpopular with a majority of voters. in other words, it looks like a mess going forward to whic there is no resolution immediately in sight. >> yeah. it's a very unusual election cycle, stuart, when we get to the fall general election and each candidate is the others best hope of a election. that is i think anyone would agree kind of a sad state of affairs. stuart: it is a mess and that's a fact. and, brit, i have to tell you, the dow jones industrial average is up 100 points and close to its all-time high, how big that for a juxtaposition for a mess in the world on politician and a huge rally in the stock market. >> look, if you're innocent equity, stuart, where are you going to go to get a return? . stuart: that's exactly what we've been saying. brit hugh, you should be a financial analyst as well. thank you for joining us. >> my pleasure, stuart, thank you for having me. stuart: well, why don't we check the big board. would you look at this? 105 points higher for the dow jones industrial average, 18,252, we are within 100 points of the record all time closing high for the dow industrials. same story with the s& s&p 500. we are, in fact, in record territory as of now. 40 of the 500 stocks that make that up indicator are at all-time highs as of right now. how big the price of silver? we don't quite follow that closely but maybe we should. barron's magazine says it's going to go up more than the price of gold this year. and it's at $20 an ounce as of this morning. here's the stock of the day surely. amazon. there's prime day, amazon's prime day is tomorrow. very big deal. the stock is at $754 a share. it has never been higher. and look at nintendo. pokémon go. a new game played by youngsters largely on their cell phones. smartphones. and the stock is up 29%. >> the average player is 25. stuart: the average player is 25? sandra smith, ladies and gentlemen, chiming in with vital information. >> living in their parents basement. joking. stuart: look at that stock. that that name they came out 30 years ago. you remember that one? liz: you knew the diddy. >> save the singing for church, stuart. liz: thank you. stuart: this new game, you just walk around with their smartphones like this, they're looking at their gps. liz: yeah,. stuart: and they're searching for morns out there in the real world. liz: you go to real world locations. stuart: yeah, you actually get out and walk. exercise. here's another number. the ten-year treasury, the yield they're on, 1.41%. you are the cohost of outnumbered on the fox news channel. >> yes, sir. stuart: you know all about finance, what's going on in a world where interest rates are at historic lows. >> well, the answer is it's broken. i know you wanted to talk about whether or not this was indicating a safe haven environment that is america, you can't look at it like this, and i know you watch the bond market very closely as well. but i just got off the phone with a long trusted former trading colleague of mine over at rjo on the chicago floor and said you can't look -- the bond market is broken. you can't look at it like you once did. the price of money, everything is broken because of this historic low interest rate environment. what is the value of the u.s. market? what is that? are those true -- are those real deigns? and then look at the bond market and price of money. what does anything mean any r anymore? . stuart: if you look at the bond market, you've got all-time low yields all over the world. >> right. stuart: and you say how do you therefore put a real value on the stock market? because that worries me. >> but you can't. stuart: maybe the dow should not be at 18,000. >> talk about this unprecedented involvement of the federal reserve for years, stuart. liz: that's a good point and also seeing corporate bonds go negative. more than $275 million going to jp morgan chase of corporate bonds having negative yields around the world. so here's the thing. the play is s& s&p s& s&p s&p 500 dividend yield is still above 2%, to sandra's point, yeah, it's the stock market. >> our currency, you look at the value of the u.s. dollar up against global currencies, the value of our currency has been manipulated. so the talk about what the value of our stock market and our bond market is, it's a difficult thing. we've never faced this moment in history. stuart: it's chaotic when $11 trillion worth of bonds do not pay any interest. liz: 13 trillion. stuart: it's 13 trillion now? iraq and zero in 2013. stuart: i've got breaking news and this may have something to do with why the dow industrials are now up 110. listen to this. i know you know it already. britain's prime minister david cameron says he'll resign by wednesday, day after tomorrow, teresa may will be the next british prime minister. i thought he was going to stay until september. liz: october is what he originally said. stuart: and then september. liz: and here's british tradition. david cameron must formally tend his own resignation to the queen and then advise the queen that teresa may is the best person for the job, she will be the new prime minister, effective wednesday night. so what we're seeing is the labor party here call a election, teresa may, though, home secretary responsible for the security of the country including immigration and policing policy, a strong leader. stuart: yeah, a strong leader, and she has said we are leaving the european union. maybe that's why the dow industrials are now up. liz: they have certainty. stuart: some certainty into the argument. 112 points up for the dow industrials now. all the losses that occurred after the british vote to leave the european union, all of them totally wiped out. losses, no more. liz: remember armageddon? we're all going to heck and hand out. stuart: not so. the market scam that's where you can see the dow stocks at the same time. 27 of them are on the upside. what have we got? jordan spieth says he will not compete in the rio olympics. >> add him to the list. stuart: jason day is not going. >> top golfer in the world. stuart: top in the world. and we're not sure whether -- liz: no reason yet given for jordan spieth. but i'll tell you why the others said they're not going to participate, they have young families, some have a baby or don't have any yet and they're afraid of going over there and contracting the virus. why? because we know that it can be sexually transmitted so they're fearful contracting it, pro creating, and then passing it on. stuart: i hate to see the trouble with the olympics on a mass skill because that's a trouble the world does not want to see at this point. i've got to move on. a very significant emission from germany's chancellor, she says terrorists have smuggled into europe, have been smuggled into europe through the waves of migrants who fled syria. okay? and she essentially invited them in. where does that leave her politically? we're also going to get back to the antipolice protest that we've seen over the weekend. the niece of martin luther king joins us in a moment. her uncle famously said violence is not the answer . >> because number one it divides us. all lives matter. and when the presidential candidate governor of maryland made the statement that all lives matter, they intimidated him into changing it to black lives matter. all lives matter. white lives, black lives, all lives. stuart: tumbled right there former new york city mayor rudy not backing off his claim that the black lives matter is racist. and joining us now is niece of martin luther king jr. i know you dwell in the spiritual realm but this is politics and black lives matter is very much at the forefront of what's going on in the black society today in america. do you think that black lives matter is a racist organization? >> well, hello, stuart, i love your last name. so hello, varney, and all of your viewers. i just love your last name. stuart: okay. >> however, i believe that god's love matters. and so that means there's no discrimination in that realm. act 17:26 god made all people to dwell on the face of the earth. so absolutely every human being from conception to natural death. uncle ml said, and i know you have another question, but he says martin luther king, excuse me, to viewers, he says that we must learn to love the sacredness of the human personality. and then we won't oppress people. we won't trample people, and we won't kill anybody. so, you know, black lives matter and that means something to different people. but the black lives matter movement tends to captivate violence. if you notice that any time shut it down, black lives matter, that movement often causes violence. stuart: i want to play a brief clip from what your uncle said way back in 1957. because i think what he said then very much applies to us now. roll tape, please. >> individuals you owe press. one of them is to rise up against pressures with physical violence and kurr road in hatred. lord, this isn't the way. for the danger and the weakness of this utility violence creates minimal social problems. stuart: corroding hatred, violence is not the answer. how did we get from there which was a brilliant christian statement, to where we are now? how did it happen? >> well, my uncle ml, my dad ad king, his brother, they worked together to promote love. and my uncle did say -- he says i decided to stick with love because hate is too difficult a burden to bear. and the thing about hatred, the oppressor and the oppressed are bound together through that hate and fear. so we've got to go back to understand god's word faith working by love. and what we did, we decided that we -- america didn't want to know martin luther king the preacher, we wanted to know the civil rights speaker, the preacher. he's gone now. he served a mighty god. so we've got to come back to faith, we've got to come back to love, we've got to come back to nonviolent conflict resolution and for those who are in the business world, you know, if all of this anarchy affects businesses because of people are angry, fearful, fighting, they're not going to be able to come to your shop or your store. so we want to be nonviolent and to get rid of fear and replace that with reason and with love. stuart: we hear you. i hope many people hear you. pleasure to have you on the program. my name is varney. you can call me that any day you like. >> okay. thanks, stuart,. stuart: even now she calls me, stuart, lovato. >> i like varney. i like varney. i really do. . stuart: okay.al vitae, thank you very much indeed. i'm going to move on to this. germany's chancellor angela merkel says terrorists have definitely been smuggled into europe along with all those migrants whom angela merkel invited into the country. i want details on what she just said. liz: what happened was this was at a rally of her political party, christian democrats. here's the direct quote. the refugees flow was even used to smuggle terrorists. now, we know from german intelligence, stuart, that there are at least 500 -- 500 isis terrorists who possibly are in the area of germany or in -- the border there for germany. we had the terrorist to detonate the belt in the crow c. stuart: she said it. liz: now she's admitting it. this comes after national parliaments in europe said wait a second you just changed the laws for all of us. stuart: she did. when she said -- when she welcomed a million migrants -- actually more than that came. when she did that, she acted on behalf of all the other governments in europe because they had to accept her decision to bring these migrants in. liz: when isis -- basically the police weren't ready for this. the border checks were not in place. the border checks are sa over there and isis is taking advantage of that. stuart: thank you very much indeed. new this hour is a new report and it says when the big one hits california, the state is ill-prepared. the report identified key areas that need to be addressed to prevent the inevitable disaster. that's in quotes from turning into a catastrophe. of course we will have more on that coming up. look at this. a new washington post abc poll says 56% of responders think that hillary clinton should have been indicted in the e-mail scandal. half of those people, however, say they will still vote for her for president. hillary stildefiant when asked about the fbi director saying she was careless in her handling of e-mails. more on this coming up for you ♪ music for your retirement, you wanted to celebrate the little things, before they get too big. and that is why you invest. the best returns aren't just measured in dollars. td ameritrade. you. stuart: i think just about everybody has heard of the san andreas fault line, it runs the length of california. however, a small area northeast of los angeles the cajun pass says this is the most vulnerable area in southern california. most serious for a earthquake. liz: this is for oil lines whereby railway, and freeway lines. a highly combustible situation and also if the big one occurs, it could cut off 20 million people as well. so they're talking about, testing for an earthquake that could be 30 times the power of the 1906 earthquake that killed 2,400 peel. . stuart: so if you take precautions, you can stop a disaster turning into a catastrophe at that particular pass. liz: correct and let me tell you who's saying this. officials at wells fargo, walt disney saying wait a second. look at the cage us pass. you guys in california have to step up and do does things about it. stuart: the cage us pass, remember that expression. liz: yeah,. stuart: we have the dows coming off the highs of the day. 27 of the dow 30 stocks are in the upside in the green and the dow still up over 100 points. an update on donald trump vice presidential sweepstakes leading toward a political pick rather than a military guy. more on that coming up. and the question next for howard kurtz. mainstream media cognitive the fallout from the dallas shooting and the protest that followed. i'm billy, and i quit smoking with chantix. i decided to take chantix to shut everybody else up about me quitting smoking. i was going to give it a try, but i didn't really think it was going to really happen. after 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side-affect is nausea. being a non-smoker feels great. ask your doctor if chantix is right for you. >> i miss the nra coming out defending their gun rights that they legally have. where is the nra now? maybe you mean the second amendment are for whites only. stuart: okay. measure dock is with us, fox news contributor. what you heard al sharpton say there as if the second amendment is for whites only and the nra is for whites only. >> the nra equals the kkk. what an amazing statement forral sharpton, a black man also happens to be a member of the board of directors for the nra, also as well as roy, who's black in the civil rights ledged who was actually literally getting beaten up down in the south during jim crow days. so if the nra hates black people, i wonder why they have three people on the board of directors. stuart: so why is al sharpton doing this? >> distracting people from having the discussion some of them are trigger happy, some of them are racist, and we need to do everything we can to stop that and punish those people, but we have a much bigger problem for black lives matter that are killed, 5,000 or so people are killed by blacks. nobody once said black on black crime and what we do about it. stuart: what's the relationship between al sharpton and what he's saying now and president obama. what's the relationship there that we should know about? >> i think there's a relationship in the sense that al sharpton is happy to bring into the white house. you remember the trayvon martin case, the freddie gray, the professor at harvard that was going back into his house and one of the cops wondered what was going on and confronted him. and each one of these obama jumped in before he knew the facts and then created a situation of divisiveness and then he had a lot of egg on his face and a lot of people got gemmed up unnecessarily and that's leading to a lot of the reaction in this country. stuart: well, al sharpton is arsonist throwing gasoline onto a racial fire wherever he can. how can the president, president obama who goes to dallas essentially to unite the country with this going on, how can we unite america? >> he needs to have a frank discussion. we saw the cops in louisiana who seem to be trigger happy, and we need to take steps to prevent that, better training, this is important, but somebody -- and obama's just the right man to do it. saying we values problem in this country which is not roughly 100 blacks killed, but roughly 5,000 black people killed by other black people. 50 times worse the problem. i don't expect he will. he should. and as america's first black president, he's why do you thinkly quantified to have a discussion. look, let's have a national conversation on whatever it is. national conversation on race. stuart: i've heard it. >> let's have a discussion on black on black crime, it's a problem that kills about 5,000 people a year, and you could debate what the repercussions are, what the streps to fight it, but at least have that conversation which the left refuses to engage in. stuart: you just don't hear it. in chicago there were some 44 i think it was shootings? not all were killings but shootings. black on black. >> and these are probably not white people to come down shoot black people. stuart: why don't we hear of this? why don't black leadership address this? >> i think the black leadership would rather crete a tension and get black folks to go vote democrat. it's about is politics and voter turn out and more thand ts disgusting, incal, and un-american. stuart: thank you very much. >> thank you, stuart,. stuart: thank you now, the mainstream media, they have been covering the fallout after the dallas shoot-out along with black lives matter protesters across the country. let's take a look at that coverage. >> now circulating on social media of a black man dying after being shot by a white police officer. >> the justice department is investigating the death of alton sterling, a black man shot to death by a white police officer outside a convenience store. >> the past 48 hours two more american cities have been african-american shootings by white police officers. stuart: a few short outtakes from a lot of coverage over the weekend obviously. howard kurtz is with us, the host of media buzz. without looking at those three specific examples across the board, how would you rate the media coverage of the events in dallas and on through the weekend? >> stuart, i think that america's hurting right now, and i saw a real change in the coverage to be sure there are angry voices on both sides. you just played those inflammatory comments by al sharpton, but i think many journalists and commentators were being human beings, which may be news to some of the audience. we're saddened and shaken by both police shootings in the 24 hours and then the five police officers and others wounded in dallas, so i'm seeing a little bit more of a constructive tone. is there common ground here rather than just trying to throw kerosene on the fire? . stuart: okay. live streaming. they -- dallas shooter, shooting i should say was followed live -- with live streaming. this seems to me to make a huge difference to the whole idea of covering an event. not as a journalist with journalististic standards, but coverage. and i think this makes a huge difference to our perception of that event. it's a whole new territory of coverage of an event. and there's nothing anybody can do about it because it's going to be streamed from here out; right? >> right. the first technological revolution here was everybody walks around with cell phones and cameras and a lot of these disputed confrontations particularly between police officers and members of a community, now we have video that changes our perception. now facebook live becoming a huge thing. facebook is really perhaps the biggest news organization in the country right now although mark zuckerberg doesn't like to see it that way. and, yes, if it means that everybody can be a broadcaster, they can do that responsibly. they can do that irresponsibly. and i don't think we fully figured out the implications, but it can absolutely change. stuart: what did she i can see the point where somebody would stage an event deliberately to stream it live and affect public opinion if we haven't seen that already. i think it's coming. >> yeah. or you're getting one camera angle which they may not be accurate. you don't have journalists because facebook doesn't employ journalists saying let's not allow that on the air, meaning on the web, because it is hate speech or irresponsible. so really people like us at television stations and newspapers and magazines used to mostly be gatekeepers in control of what people saw. now anybody can do this, same thing on twitter. a lot of good stuff on twitter, a lot of inflammatory, hateful stuff on twitter. this is a message democracy, but it raises some very troubling questions. stuart: media buzz, the host howard kurtz perhaps the most important job in america. howard, thank you indeed. we will see you again soon, sir. >> thank you, stuart,. stuart: how about this one? former dallas cowboys quarterback troy aikman finding himself in controversy for just supporting the police. he tweeted a picture and blush saying sadly most police departments around the country don't feel much support these days. #backtheblue. getting attacked? liz: yeah, former dallas quarterback says it's not a black versus white, it's a good versus bad but is being attacked for his tweet. basically one tweet attacked troy aikman saying are you deaf and blind? another is you're in denial about police abuse and violence. and another tweet back attacking troy aikman said this. then they need to start arresting/charge the racist thugs that cops hire instead of covering for them. and also called troy aikman tone deaf. stuart: tone deaf? liz: the huffington post ran a piece saying troy aikman was tone deaf. stuart: i'm not sure what to make about this except that if you tweet something about black lives matter, there's hate toward you. liz: and he's supporting police officers. stuart: yeah. now, we still have a very solid rally on wall street despite all that's going on in the world of politics and situation in dallas, et cetera, et cetera, et cetera, we're up 115 points. and the dow is in less than 100 points away from its all time closing high. the stock of the day, undeniably amazon. $754 a share as of right now. tomorrow it's this big prime day. kind of christmas in mid-july. who would have thought amazon goes to 754? i remember two or three years ago that thing was about 120. liz: yeah,. stuart: it was. three years ago i believe it was 120. liz: and then it shoveled and then wow it's really -- stuart: look at it now. how big facebook? that stock is up $118 a share. there are some ethical issues over that live streaming feature we were telling you about moments ago. facebook, again, closing in on $120 a share. despite it all. gopro, that stock rallying. nearly a dozen analysts say they see the stock going up over the next 12 months. perhaps it's being beaten down enough, maybe. it used to be at 80. now it's almost at 12. you could say it has been beaten down. i have a sports update for you. live pictures from portugal where they're truly celebrating the country's first ever major soccer tournament victory. i want to take you through the victory, first of all. let's -- i'll start with the superstar getting injured. on the floor. the guy in red, there we go. there's the tackle. liz: look at that. stuart: now, he's the worlds greatest superstar soccer player. injured badly, settles on his face, there's the distraction. the groundskeeper left the lights on the whole night. they carried the guy off the field, absolute tragedy, he's the major star for polar gull. but they -- guys in red, they went on -- look at that shot. that's how you do it. they beat the french 1-0 with that goal coming in the second overtime period. that's the news on soccer. that's the last soccer news of the day i believe on this network. now, pro basketball, i've got news on that too. san ontonio spurs star tim dunkin will retire. 19 seasons, five championships, next up obviously even i know this, the hall of fame. that guy's retiring. back to politics. one week from the republican national convention, and we have an update on the donald trump vice presidential sweepsts . >> i'm nicole petallides with your fox business brief. stocks are not too far off session highs at the moment. right near up about 111 points right now on the dow. worth noting we've got new highs here for the dow, the s&p, in fact, the s&p on friday closed one point off its record all-time high and breaks new highs today. so the dow breaks to 165 points, it would be a new high there. this would be your dow winners and loosers, gold man sacks, and verizon and mostly winners on the s&p 500 and 40 names hitting lifetime highs. treasury bond yields 1.42% after six weeks yields dropping back up of 1.4% earnings begin alcoa kicks it off today after the bell, also hear from a lot of the banks including jp morgan and citigroup this week, delta just to name a few. watching earnings. . stuart: all right. we have an update on the sumner redstone competence lawsuit. is he competent to run this giant company or not? liz: yeah, california judge is effectively saying, yes, he's competent. had he rejected a new trial that was an attempt by sumner redstone's ex-girlfriend to bring a new trial. the judge saying no new trial, lost the case saying sumner redstone is competent. stuart: so he is competent to run the company. moving along. liz: moving along. stuart: we've been inundated with complaints of a pass in california. the correct pronunciation is the cajon pass, i got it totally wrong. but don't blame me, blame liz, you're the one who said it. liz: no, i didn't say it. you said it. but i'll take responsibility because i'm an american who's accountable. stuart: it's the cajon pass, let's not forget that. i did. sorry. how big this? it's a new game from anyone tinned owe called pokémon go, and it let's users play the actual pokémon game in the real world walking around with your phone. you're out there in the virtual are world but you're in the real world at the same time. it brings the two of them together. there are some reports that those youngsters who have gone outlooking for stuff have run into trouble like being mugged, for example. liz: have to feel for the paints here; right? stuart: but the fact is you've mixed the real world with the visual world and the stock is up 30%. that's a rally and a half if you ask me. news on the trump vice presidential sweep stainings. mr. trump is leaning towards a political pick not a military man. the candidates include governors chris christie and mike pence, former how do you say speaker newt gingrich. mercedes is here. now, my question, mercedes, you're a republican watcher so to speak, an analyst thereof. would any of these picks, any of those four would any of them bring the never trump crowd onboard with donald trump? >> no. the never trump crowd will remain the negative trump crowd. it's going to be very difficult to bring them onboard because their fight is with donald trump personally regardless of who he picks as a vp. but, stuart, the maybe trump crowd is the crowd that we are looking at very closely. because those are the ones that are -- they're on the fine lines, they're waiting to see who donald trump picks aas the vp, and depending on who he picks, it will influence them whether they will go onboard, support donald trump, and help him come november. stuart: okay. and you've got to tell me about governor kasich of ohio. he says he is not going to go to the convention, even though it is in his state. and ohio as we all know, is a must win state in any presidential election. so first question. why is governor kasich not going to the convention? >> well, that's a great question. i think part of it is because of the fact that he has basically said he would not support donald trump. he's not going to be campaigning for him. i think he's very focused on the house and the senate races helping down ballot you could say. and i think it's very unfortunate because i think it is time for the party to come together. i think it's time, especially during this convention time we're seeing ted cruz will be speaking at the convention, although he hasn't publicly endorsed donald trump. speaker ryan will be there. i think there is an opportunity for the party to come tether and kasich is a very positive message about america but, unfortunately, they have to -- there has to be a -- what can i say? mending the friendship or relationship which at this point it hasn't happened yet. stuart: what chance that all of a sudden john kasich appears at the convention walks on the stage and is accepted as donald trump's vice presidential pick? i mean -- is this crazy stuff or what? >> you know, it's interesting you said that because there are those in the antitrump movement who are part of the convention that are trying to make waves by saying, look, let us pick the vice presidential pick for donald trump so we can balance the ticket because they're worried about donald trump being the nominee. so that's an interesting idea. i think a kasich vice presidency would be a nice balance to help bring things together and unite the party. although you have to have both of those leaders sit down in a room and hash out the differences because their differences are many, and i think at this point it's unfortunate that we haven't gotten to that point yet. stuart: in other words, no, stuart, it ain't ever going to happen. is that basically what -- >> don't ever say -- you know, it's been so unpredictable, stuart, this year. anything, anything could happen. stuart: it's so true. mercedes, thanks very much for joining us today. we appreciate it. >> thank you. stuart: more on the hillary clinton e-mail scandal. our next guest is formally with the fbi, he says she should have been prosecuted. back in a moment you do all this research on a perfect car, then smash it into a tree. your insurance company raises your rates. maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. just one of the many features that comes standard with our base policy. call for a free quote today. liberty stands with you™. liberty mutual insurance. . stuart: all right. the hillary clinton e-mail scandal, joining us now is bill gavin, former assistant director of the new york fbi. now, bill, you say that the evidence gathered hillary should have been indicted. i'm saying so what? she's not going to be indicted. we heard it from the fbi chief himself. it's not going to happen. you're barking up the wrong tree, aren't you? >> absolutely true, stuart. and my comment i think was i would love to have seen her be prosecuted or some negative action taken place because of what she did. it's obvious what she did. but with that said, i was not part of the internal deliberations, not part of the investigation, and i have to put my up most confidence in a director that has impeccable integrity is a very smart guy and ethical. he did what he did. but, stuart, he presented the whole case, all the facts in front of the committee. asked him, listen, did you take those facts and compare them against hillary's testimony? therein lies another problem for hillary. he said "no." and asked him why not and he says because i need a referral. you are in the legislative branch of the government. i am in the executive branch of the government. you need to refer this to me. so he knew what he was doing. stuart: could she now be -- i'm not sure the right word. prosecuted because she lied to congress? is that a possibility in the future? >> i don't know, stuart. but, you know, in this particular case, i always say the opera isn't over until the fat lady sings and she hasn't even put on the dress yet. what's going to happen now if the fbi gets the reveal to look at everything she said versus what they found? i don't know what the outcome can be. but it can be proven that she lied to the congressional committees. now, what they can do, what options they have everybody talks about a double standard. what if this was an fbi personal who did something who would either be fired or reprimand or anything in between. but that can happen because they're still employed. stuart: bottom line is, bill, it's not over. more varney after this you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare 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one in louisiana where a man has

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