In attack mode, desperate to throw cold water on the trump show. In fact, i think it was the most innovative and entertaining Opening Night of any time at the convention. You will see it all. But we have to tell you about the latest terror outrage in germany. A young migrant from afghanistan attacks train riders with an ax. Four injured, three seriously, and isis flag is found in his room. Terror, things spinning out of control, but no selloff. Varney company is about to begin. Now, thats how you produce a convention. Theres a man who knows television. A show like that every day. Spielberg could not have done it better. There you have it, donald trump makes his entrance. Thats a break in tradition because he appeared himself on the first night, youve never seen that before. He came out of the mist and fired up the crowd and introduced his wife melania, youll see a lot more of all of this throughout todays program. Youve got it. First, your money. This is where the dow closed yesterday. Read it and be surprised. 18,533. Here are dow futures, were going to be opening almost dead flat, ever so slightly lower. No selloff amid all of this turmoil. No big selloff. Netflix may be the stock of the day. Weak subscriber growth, that will be down big, the opening bell. One of our market watchers will explain why he is buying netflix on this dip. Thats later. Joining us now is the author of cocktail investing, market watcher lenore hawkins. Look it, several days in a row weve had chaos, confusion, anxiety, terror overseas and at home, but the market keeps going up. Can you explain this for us . Three things, the first one, were kind of getting used to it, which is sad. Were getting used to this and getting out and seeing another horrible event and were going to continue on with our life which is what we should be. The second thing, the Economic News not as bad. Its not great, but early in the year, it was looking like a recession was much more likely than now. The third and most important thing is post brexit, every Major Central Bank around the world, a heads up theyre putting the foot on the accelerator. They said were not going to do it, the bank of japan doing it, people think of china doing it, the ecb, and the fed while no longer accelerating, that seems to be pretty much off the table, which is in effect, thats another loose monetary policy. Stuart youve managed money for wealthy people in europe and wealthy people in the United States. You live in san diego and live in italy so you live on both sides of the pond here. Could you in good conscious put your clients more money into the stock market at these levels . I think these levels are insane. What we have answer the question. Oh, no, were very, very defensive right now. Stuart you wouldnt put fresh money in . You dont think its going higher . I think it has a good possibility of going maybe 10 higher based solely on monetary policy. Stuart 10 . July 29th we have the stress test coming out of the italian banks and that could rock the world and no one is paying attention to that. Stuart so youve got us all intrigued. Sorry. Stuart now its a Trading Market and not a and an attack with an ax on a train. 14 or more now treated for shock. Ashley there were about 30 people on this train. A 17yearold afghan refugee, hed been in the country about a year. He came in with about 150,000 other afghans into germany when you had the large surge of my grab grabts migrants were coming into germany, Angela Merkel encouraged. He picked on four people, tourists from hong kong, three injured, one slightly injured. Why . No rhyme or reason to it. Witnesses say that he shouted allah akbar, and he was shot dead by police liz just a month ago, there was a terror cell that German Police disrupted, a paris style attack on dusseldorf they were planning, where 10 men thought would be with suicide bombs, they wanted a paris style attack. Stuart and they interrupted it. And Angela Merkel admitted, yes, isis is mfugees. Stuart youve lived near nice and i take it europeans are anxious . The fear is really growing. After paris, the paris attacks, there was kind of a sense of were going to stay strong, but this last one in nice seems to be pushing people over the edge, but its a horrible situation in italy, we see the refugees coming across the sea there and you see the horrific condition that these people are in. Stuart its a humanitarian problem on one hand and youre inviting in a terror problem on the other. No easy answer. Nobody wants to turn the people escaping terror, trying to escape it, you dont want to harm them, but at the same time you dont want to die either. Stuart im going to stay on the theme of terror. That was the theme of the Republican Convention last night was make america safe again. Listen to former new york city mayor rudy guiliani, roll that tape. For the purposes of the media, i did not say all of isl islam. I did not say most of islam. I said islamic extremist terrorism. You know who you are. And were coming to get you . Stuart he meant what he said, i do declare. Byron york is with us. Have you ever seen him like this before . Rudy was fired up and this was his sort of night. The theme was make america safe again, kind after two part make america safe. One. Protect against International Islamic terrorism and two, protect police and restore order in the United States itself. Guiliani has a record of both, obviously, he campaigned a lot on 9 11 when he ran for president , but i think hell be most remembered in the end for cleaning up new york from a period of terrible crime and disorder. So this was exactly his night last night. Stuart it seemed like throughout the evening republicans were saying, youd better support us, were on the right side of history because if you dont support us, you get hillary. It was a constant barrage of watch out, if you dont like us, you get hillary. That was what it was all about last night, wasnt it . It absolutely was. Remember, theres a couple of sides to try to unite the Republican Party. Theres still, obviously, some republicans, theres some ted cruz dead ending in cleveland, and john kasich is essentially boycotting the convention so theyre trying to bring some republicans together, the way to do that is to say Hillary Clinton would be a disaster and theyre hoping that that message plays with the larger Television Audience and independents out there across the United States. You know, no matter what you think about donald trump, Hillary Clinton would be terrible. Stuart we heard that loud and clear. Byron, stay there. Ive got some more for you coming up. Melania trump, she gave a strong speech at the Convention Last night. The left already attacking her vigorously. They say she stole passages from a speech by Michelle Obama eight years ago. Well get into that one for you. The Mainstream Media describing chaos at the convention. It was just a floor fight about rules, they call it chaos. Its a commonplace occurrence at a political convention, a rules fight. They call it chaos. Were on it. And a new poll from monmouth university, the gap was 7 points just in june. And hillary mentions multiple times last night, here is one of the heroes in benghazi, he joins us next. Roll that tape. Had she done her job that night, we wouldnt have had to compromise the annex. Ty, glenn, sean and ambassador stevens would be alive today. Some big name dow stocks well be watching at the opening bell. Start with united health. Better sales, its Pharmacy Services business. Its going to be pretty much unchanged. Higher profits at Goldman Sachs, where is that going to open . A bit lower, actually. Higher profit and sales at johnson johnson, the Company Raised its outlook. The market does like that. The stock is higher. These are all dow stocks. And investigators like what they saw, opening a couple of bucks higher this morning, all of those are dow stocks, not all will be higher. We are probably going to have a pretty much un an even, a break even, what is the word im looking for. Unchanged. Clarity. Stuart to the convention, please. [laughter] and one of the survives of the benghazi attack, a member of the Security Team at the annex. Listen to this from last night. When hillary failed to protect her people on the grou ground, had she done her job that night, had she done her job that night, we wouldnt have had to compromise the annex. Ty, glenn, sean and ambassador stevens to be alive today. Stuart hes the coauthor of 13 hours, the inside account of what happened in benghazi and it was made into a movie. Mark joins us this morning. Good to see you. Hey, good to see you. Stuart what did Hillary Clinton not do that she should have done that would have helped you in benghazi . Well, she should have provided an emails to end the request for security there at the consulate, you know, the consulate was about eight acres and guarded by five Diplomatic Security officers and anybody that has ever been around anything to do with security knows that is incompletely or completely inadequate. A lot of that boiled down to the ideology how they addressed her Foreign Policy to libya in the beginning. Stuart do you directly blame Hillary Clinton for what happened in benghazi . Yeah, i do. I mean, you know, if youre in charge, you can delegate your authority, but you cant delegate responsibility. If youre the person in charge and choose to take that position as if she choses to be elected president , is she going to take responsibility for the things that go wrong . She has no problem taking responsibility for the things that go right. As a good leader you have to take responsibility for the errors, as well as as the home runs. Stuart what the republicans are trying to do is unite the party behind donald trump in the runup to the election in november. Thats what theyre trying to do. You are a part of that. Do you think youve succeeded . You know, i think so. I think were bringing more people every day because you know, the more they really look and scrutinize Hillary Clintons not only her Foreign Policy, her ideology and her ethics and honor, its just not there. She doesnt meet the mark. She doesnt rise up to that bar that our country has set for so long for the position of presidency and she doesnt even i mean, theres no way she can meet that mark. Stuart i want to change that subject for a second, mark. You were in the Convention Hall last night and im sure you saw the speech by mrs. Trump, if i can call her that. Yes. Stuart what did you think of it . Theres some criticism this morning, im sure you know about it. What did you think about it last night . I thought she did a wonderful job, she spoke from the heart and she spoke the truth of how she felt. And you know, they come back and criticize or compare because youre similar. I think its nitpicking at something that doesnt matter. Stuart i think we agree with you on that one. Ma mark, thank you for joining us. Thank you very much. Stuart i want to take another look where the market is opening this morning. Just 12 and a half minutes from now. Were down a tiny fraction and well be well above 18,500 when that market opens. Down maybe six at the opening bell. No big deal. Thats what i say. Im going to update everything from turkey where president erdogan wants to bring back the Death Penalty for failed coup plotters, the Death Penalty. Next, the left attacking Melania Trumps speech because of a similarity to a speech Michelle Obama gave eight years ago. We will play you the tape. To folks out there whose diabetic nerve pain. Shoots and burns its way into your day, i hear you. 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That could be the stock of the day. Its going to be way, way down, 13, 14 . A big drop for a stock of that size. Were on it and bring you that. The Mainstream Media feigning outrage for melanias speech at rnc and they say she plagueized some of it. My parents impressed on me the value that you work hard for what you want in life, that your word is your bond and do what you say. And barack and i were raised with so many of the same values like you work hard for what you want in life, that your board is your bond, you say you do what you say youre to go. The only limits to your achievement is the strength of your dreams. We want our children and all the children is the only limits is the reach of your judgment. Stuart time to make a judgment call. Liz, was that plagiarism liz no, these are nitpicking. The these are ideals. What are they going to plagiarize next . Your word is your bond, how many times has it been said in a daily basis. If thats the best they can come up with, its a pathetic attack on mrs. Trump, she did a good job. Stuart ing this, thats the word i used earlier with maria, pathetic. Byron new york, i know youre there. That was a speech. Youre still there. English is not her first language, there she is in front of tens of millions of people, poised glamorous and i think powerful. I think its nitpicking in extreme by the left to go after her on this issue, what do you say . Well, it was a touching and a personal speech and i think in many ways it got across what the Trump Campaign wanted to get across. Eres no doubt lis the words and reading them that that section seemed to be lifted from an earlier speech by mrs. Obama. It seems to me that the campaign could say, made a mistake, these are common sentiments, everybody feels this way. Stuart hold on a second. It was a mistake, sorry about it. Stuart paul manafort, he runs the campaign and he said she used her own words, thats what he said. Can you really say she i know thats what he said. I dont think well, were guessing here, but i think a reasonable idea would be that someone who helped work on the speech did that and no, i dont think that Melania Trump sat down there with a pen and paper and did that, you know, this Trump Campaign would say somebody on the staff messed up and it was a mistake and sorry and move on. And i think that would probably be the best way to do it because, as you are saying, this is not the biggest story in the world. Stuart im inclined to disagree with you, byron. I do at my own personal peril, but, come on, they are out to get her and get anything on her. Thats high personal opinion. Obviously, a lot of liberal journalists are out to portray everything the Trump Campaign does in a negative light. No doubt about that. I was watching television this morning and fox news was reporting this and the other networks were obsessing over it for an hour, too much. Stuart were not going to do that so were going to move on the byron york, youre all right and come back anytime you like. Thank you, stuart. Stuart quickly to the market. How are we going to open up, in four minutes time open up flat. Hillary clinton under fire at the convention, the message was this, vote trump or you end up with hillary. Kirsten powers on the left will react to that. The council of slammic relations known as care protesting in cleveland, handing out this, a fake cure for islamophoba, she gave that to Katie Hopkins and more varney after this. Stuart we always ask this question as we run up to 9 30 what will the market do today baring in mind chaos around the world. 9 30 heres whats going on. We are down more than we expect ed actually. We thought it was going to be looking at the futures. We thought it was going to be a five or six point loss. Were down 30 in the very early. Reducing Global Outlook a Global Growth could be playing into this a little bit. Recession. Stuart silence on the left please. [laughter] what youre log at on the lefthand side of the screen is dow stocks are down. This is the stock to watch today. This is netflix. Im not sure i understand that from this screen. I think thats the wrong screen. Can we put up the right one . It is down 13 as we spook get rid of that please. Netflix is down 13. 10 an ounce at 8564 four big problems. They didnt get as many as they subscribed a lot of competition. High cost of buying new content, and theyre having great difficulty get into china. Down it goes. Whos here to discuss all of this . Ill tell you Ashley Webster liz mcdonald and start with Netflix Mike Murphy you say buy that thin