Transcripts For FBC Varney Company 20160725

We dont know what hes going to say. Were interested. His supporters absolutely not happy. Theyve already taken to the streets. So, its a divided party and a Chaotic Campaign that kicks off a Philadelphia Convention hours from now. Theres just so much to go at this morning. Theres trumps reaction, come on over, Bernie Sanders supporters. The media reaction is not really that bad. All of that and there has been a suicide bombing in germany. There is a heat dome thats made for a sweltering weekend. But get this, monday morning and stocks remain at record levels. We will pack it all in for you. Varney company is about to begin. Count them, three terror attacks in germany in one week. First, it was an afghan teenager, armed with an ax and a knife, injured four people on a train and eventually shot dead by police, and then a syrian refugee kills a woman with a machete, injuries two others. And now, a syrian Asylum Seeker has killed himself and injured 12 others, blew himself up. He was trying to get to a Music Festival, ashley. Ashley he was, this was in southern germany and refused entry and this 27yearold who was facing deportation, by the way to bulgaria, he had been refused asylum privileges and blew himself up. There were 12 people injured, of course, he killed himself. Whats interesting about the outcome from this, stuart, is that the mayor of munich is now calling for a ban of backpacks for oktoberfest, theres a huge concern now about oktoberfest, which will kick off later, obviously, in the fall. And an mp in Angela Merkels party to call, lets regain control of our own borders, our own party. Angela merkel coming under pressure. Stuart look at that the bottom of the screen, migrant crisis europe lost. They got it right. The markets coming off the fourth straight week of gains. Its monday morning with a chaotic news selloff. A rollback of the recent highs and slightly higher opening for the dow and ever so slightly lower for the nasdaq. I call it flat. How about the price of oil, 43 a barrel, thats a story. Oil directing further and further away from that 50 mark that it hit last month. Thats why gas keeps falling. Gas prices dropping to a 12year low for the month of july. Thats driving season, of course. I paid a buck 80 in huge this weekend. Big deal got to tell you about it, verizon buying yahoo for about 5 billion. Theres a back story here, liz, Marissa Mayer is going to walk away with how much liz more than 55 million according to a sec filing. This is whats happening about 4. 5 billion in cash, all cash. What a comedown when the company was valued at 125 billion in january of 2000. I remember, remember, microsoft wanted to buy it for more than 44 billion eight years ago. Stuart she said no . She didnt say know, she came out in 2012 and watch what happened on her watch. More than a quarter of that vaporized and went south on yahoo . Stuart she gets 55 million and we dont know what shes going to do in the new company. 55 million, thats the number. I want to get back to politics, Debbie Wasserman schultz is out as the top party boss. Wikileaks revealed dnc emails and the top brass undermined Bernie Sanders, not supposed to do that. And here is Wasserman Schultz responding to the complaints that the party hasnt been fair to him. She wrote this to a staffer. Spoke n spoken like someones never been a part of the Democratic Party. And stories about sanders being an atheist. Tammy bruce is here and introduce you properly. Please. Stuart he speaks tonight, Bernie Sanders speaks tonight. Yeah. Stuart theres a lot riding on what hes got to say. If he says, were altogether in this, kumbayah, unity, hes betrayed his own people. If he says, you cant get away with this hes divided the party. I think they all deserve each other. S already endorsed hillary, this is what theyre getting. He endorsed hillary before knowing this, but the fact of the matter is, all of us involved in politics, Wasserman Schultz is right, this is what they do. But if youre followers, and like the Republican Party who want change, we want things to be different. So Bernie Sanders will not condemn hillary. He wants to be a part of the new administration, and he will abandon his followers, and it will remain unified internally, but externally his followers will have abandon his followers. Yes, he will. Ashley Debbie Wasserman schultz is she convening the convention . Terrible mistake, because she getting going to get booed. Tammy is right, the real issue bernie has so far yanked the party to the left its unrecognizable and some have defected to republican parties and on obama as watch lost 80 house and senate seats because of the disaffected working class voter who says we dont know who the Democratic Party is and we dont agree with socialism. Bernie sanders has been a fatal mistake. And this convention is going to reinforce that program and i say bring it on. Stuart youre having more fun. I know these people and they deserve whats happening. Stuart and thats bernie, Debbie Wasserman schultz, et cetera, et cetera. And donald trump jumped all over this. Here is one of the tweets. Im sorry, choking. Its that funny. Stuart im going to read this. The highly in your neurotic Debbie Wasserman schultz is angry and shes out. And theres a smile on the face. I got it. This is a Golden Moment for donald trump and hes seizing it. Absolutely. And as he often does he hits the nail on the head. You know, its amazing, Debbie Wasserman schultz was in that position for one reason and one reason only, shes completed that her mission and what do the clintons do . They sack her. And as soon as they can. And its that sort of bloodlessness thats just weve kind of gotten used to with the clintons, but its amazing to watch it unfold here as the democrats are trying to come together and show party unity. Stuart you know, charles, our judgment on the republicans last week was that they emerged and its not the Republican Party of your father or your brand father. Now, we go into the Democrats Convention and i think it is the party of your dad and your granddad. Not in terms of policy, theyre socialists, but in terms of the leadership. Its the same oldsame old, its your dads party. I think thats a very shrewd observation and the other thing, obviously, the media went bananas, over the doom and gloom of Donald Trumps speech and there was a lot of doom and gloom there, but the truth of the matter is apparently that doom and gloom raised a lot of doubts in americans. And what were seeing in the polls, donald trump has a healthy bump out of there and it will be interesting to see whether Hillary Clinton the democrat can somehow sort of try to take back the momentum that theyve that the republicans have gotten. And theyre going to have a hard time if bernie, what, Bernie Sanders will speak tonight, i dont know what hes going to say, but hes going to make a big difference to that party. No, i think youre exactly right. And interesting thing about all of this, what were seeing with these wikileaks emails and Debbie Wasserman schultz is that donald trump is right. The system is rigged. This system is totally rilgd and you have a lot of Bernie Sanders supporters out there who are looking at this and remembering, wait a minute, who has been running on the idea at that system is rigged all the time. And do they go to donald trump . I dont know, thats a tough sell, but do they stay home . I think without a doubt they stay home. Stuart fascinating stuff. And youre loving every second of it, charles. I know you are. Oh, its i mean, its a carnival, the greatest show on earth. Stuart im jealous of all the conventions i would have liked to have been at and part of, these are the two because they turned out in extraordinary fashion and youre there for me. In 20 years, i dont ever remember any political scene where theres more unexpected stuff going on, totally unscripted, and you know, whoever is up one minute is down the next. Stuart tell you what, charles, you go back 20 years and i go back 40 and ive never seen anything like this, either. Charles will be with us for the week. Thank you, charles. What is the market doing, monday morning, here we go, were down a fraction, the dow closed friday at 15, 18,570 and it will open right around that level this morning. How about this really dangerous heat across much of the country, its a weather phenom known as a heat dome. Oh, please. Stuart i agree with you. Its summer. Its called summer. Stuart let me explain. Its a High Pressure ridge that drops hot air and the 100s can i have the five day next . And more than 10 Million People are affected by this summer weather. Ive got more, president obama out with a new plan to bring electric cars to the masses, 4 1 2 billion to build a network of charging stations around the country whether you want an electric car or not. And a deadly shootings at a nightclub in florida, two People Killed more than a dozen wounded. Running mind and shooting and you see a whole bunch much kids running and see somebody laying on the floor. Just laying on the floor like bleep shot five or ten times. Stuart that was the scene last night at a shooting in florida, a nightclub, fort myers, two dead as many as 17 wounded. The latest. Ashley yeah, all very confused at this point, but we know two dead and 14 injured. The ages of the injured ranged from 12 to 27. This was billed as a swimsuit glow party for middle school and high school kids. But there was no i. D. Required. It was kind of an open kind of a celebration, if you like, a school celebration. The shooting broke out as the nightclub was closing down and parents were showing up to pick up their kids. Stuart oh. Ashley so we dont know motives, we know that three people are being detained by police. Stuart real fast, tammy. After this, are we going to hear more about gun control at the convention, the democrats . Yes, even before this. Bloom berg says hes going to be speaking same night as joe biden. And bloomberg endorsed in 2012. And its important people will understand the difference between the two parties again. Stuart thank you very much. Lets get back to the market. Its monday morning, weve got 15 minutes before we start the trading session and were going to be slightly lower on the s p 500, im going to call that dead flat frankly. How about individual stocks which will move, Kimberly Clark, the kleenex people and huggies diapers, theyll be down slightly, theirs has been hurt by the strong dollar. Its not your fathers party. And in terms of policy its not your fathers Democrat Party either. Theyve gone socialist is my opinion. And art laffer is here. And Bernie Sanders has done the heavy lifting here, theyre a socialist party and i dont think they can come back in the next three and a half months to become a centrist party in terms of policy . Just so you know im a democrat from the 60s. Im a kennedy democrat, pro growth, all the stuff that jack kennedy stood for and bill clinton, i supported and voted for bill clinton twice. I thought he was very aggressive on tax rate reduction, bringing prosperity back to the country and cutting Government Spending as a share of gdp and this is not either of those party. This is the antithesis, the party of stagnation and its sad and i think that trump has finally brought the republicans into being pro growth, i hope, i hope, i hope. Stuart do you think this has got a lot of to do with income inequality. Lets be honest, there is income inequality here weve known it for a long, long time. Maybe the gap is getting wider. Is that whats pushing the democrats left . I dont think its pushing. I think its opportunistic. What youre always going to have, stuart, one side and then the other side having to have differences otherwise you dont have a political contest and you know, one of the ones is Income Distribution and those two views have been battling from time immemorial and this time it happens the republicans are pro growth and democrats are redistribution. Stuart we keep coming back to this. Every time you and i get together on television, we talk about growth. I dont think the democrats have a program of growth. If their policies are put into effect, i dont think you have serious growth. But the trump and you get negative growth and the thing is, this is the time and place where growth is needed. Yes, Income Redistribution is important and should be considered in all of these things, but now is the time to make sure that people have good, high paying jobs other than checks, and thats what is needed. Stuart will you stay there . In about 15 minutes the market opens and i want your commentary, are we going to get to 19,000 on the dow this week . Save your answer, please. Art laffer, see you soon. [laughter] a cnn poll trump 48 and clinton 45. That represents a six point post convention surge for donald trump. Hold on a minute. Wait until you see how big a lead trump now has with independents. We will show you. And president obamas brother malik says hes not voting democrat. He is flying home to america to vote for trump. A full explanation is on its way. Ive got a new development on the german suicide bomber. Whats is this . He had multiple Facebook Accounts. Ashley six Facebook Accounts including one under a false identity. A search of his phone discovered violent videos and also, bomb making materials. However, police say in bavaria theyve not found a direct connection between him and terrorist groups, but they are continuing to look through his phone and other communications to see if theres a link. Stuart all of this in the news background along with the disarray of the democrat convention, no influence on the stock market at all. Were going to open up pretty much flat this monday morning with all of this chaos going on, well still be flat and weve got strong gains for the last four weeks. Theyre not going to be touched this morning. Apple, well have that stock for you, 98 at the open today and they report their profits late tomorrow so not much, obviously, impacted today. We do have more subscribers, better sales at sprint and they will be opening higher. About 20 cents higher and in percentage terms, thats not bad. A member of the president s family says hes voting for trump. Malik obama, the half brother of the president is coming back here to vote for donald trump. Tammy, why is he coming here to vote for trump . And there are several reasons, one of the reasons hes upset that obama and Hillary Clinton killed his friend gadhafi. And he has a different point of view about the difference of marriage. He seems to be a confused person, but says he likes the positivity of mr. Trump and how hes looking forward, but this is a fellow who is, i think, rather odd from the start. Stuart that would be true. Thank you very much, indeed, tammy. Interesting information. Check the futures again. Its monday morning with a chaotic news background, theyll open a fraction lower, pretty much flat. A question ill ask everybody, do we get to 19,000 on the dow fairly soon . Yes. Stuart yes says liz. And theres the pokemon craze sweeping the world, yes, it is. Turns out nintendo doesnt own all of pokemon go. They only owe a fraction and nintendo stocks will be way, way down at the bell which is moments away. Back soon. Youve wished upon it all year, and now its finally here. The mercedesbenz summer event is back, with incredible offers on the mercedesbenz youve always longed for. But hurry, these shooting stars fly by fast. Lease the gle350 for 579 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. Does your mouth often feel dry . Multiple medications, a dry mouth can be a side effect of many medications. But it can also lead to tooth decay and bad breath. Thats why theres biotene, available as an oral rinse, toothpaste, spray or gel. Stuart you know, for weeks in a row when the Dow Jones Industrial average went straight up. Four weeks in a row. Closeout friday at 18,507. Only starting to become in the question is ever going to hold those gains with the chaotic news background of politics and terror overseas. If we go higher, why . The answer to the question is in about 25 seconds will see the market over pretty much flat. In other words, no great selloff and no big rally to continue to rise with birdies seen. Kind of a holding phase, a pause if you like. That might last two or three minutes or two or three hours. I do know this. It is now 9 30 cicely and we are opening up in where we going . We are down. Not that much. Thats not the end of the world. So far here is the dow 30. Most of them however in the red and now we are down 24, 25 points. The s p 500 down about the same amount in percentage terms a tiny fraction. The nasdaq in 2016 highs last week when a busted the 100. Down just. 06 this morning. The number we think is important. 1. 57 as the baseline interest rate. The yield on the tenyear treasury. The price of oil is important to have a defense that 4332. We are drifting down from the 50 mark we had last month. Drifting further today 43 and oil. That is like asselin keeps falling. The National Average for the month of july driving season, 216 is a 12 year low. Stuart in your neck of the woods. There is a deal. Verizon is by yahoo 5 billion mom most big payday for Marissa Mayer. More on that later. Apple reported profits after the bell tomorrow. Amazon after the bell thursday. Backtoback 747. Another deal to tell you about tesla and solar city are close to a merger agreement. Doesnt make any difference really in either of those two companies at this moment. Ashley webster, listening donald comment keith, all with us this morning. Less than 500 points away from dowd 19,000. When do we get there . That is happening this is a probability of being elected president. Exactly the same as the market wasnt to fascinate or the collapse of the market corresponded with the increasing probability of barack obama becoming president. My view is that trump wins and if trump continues to the polls in the prospects, you will see the number broken very quickly. Stuart we have seen a postconvention balance with donald trump did thats especially amongst independent. Key states, when you think will get to 19,000 . Respectfully disagree. I get about until bankers if theyve got their hands in the cookie jar. Dominion has got to be we are healed to stimulate the economy. 19 k. Next week for different reasons. Scott chalabi, you are the dividing vote here, the decisive vote. I will stay with art laffer with art laffer. Maybe catch up the charm him ill take 20 to 30 days if we go there because we are setting an alltime record high only have 25 or 30 points. You must. 5 . If we could rally is because it got investors around the world. Number two miller out for the money to go. Buying stocks. Sure into same old, same old. The Central Banks are printing money with the safe game in town. What are you laughing at . Sure into just a wretched debbie downer. The s p 500. The s p 500 could break five straight quarterly decline in revenues. That is a big deal. Its big to embed push behind a lot of stock prices. You are such downer spin it sales. Those are the facts. Stuart 5 billion. We have the details on that. Liz search on the email. Not the patent, not the stake in alibaba japan. Stuart Marissa Mayer walks of how much . Trained for more than 55 million ducks. Stuart i heard somebody say disgrace. You said that . That is everything wrong with these markets today. The woman has destroyed the business. Shes gone south. The shareholder value has an eviscerated. They are paying 5 billion for this. This is everything wrong with federal stimulus. Not worth 5 plussign billion. They could have sold themselves for 10 times that in 2008. Stuart 55 million. Lets look at twitter. They are going to report their profits after the bell tomorrow holding at 18 a share right now. Several companies with earnings up this week. Facebook came out on wednesday afternoon. Virtually no change there. Google thursday afternoon pretty much the same story. Very Little Movement this morning. And the sun came out thursday as well at 745. Keith said, if you had to buy a big tag, which of these would you choose . Apple, google, facebook and which would you buy any right now . I would do it in order. Google, facebook, apple. Stuart enthusiastically . Enthusiastically for the further still, reluctant for the last one to this confusing moral imperative and until i see tim could get his head screwed on date, that concerns me. You are talking about tim cook governmental politics. Thats exactly what im talking about. Thats how investors think about it. Moving brilliant. Where he screwed up in my opinion if he started the politics in this business. That affects shareholder value. Liz of underwear they will come out with the billion loan guarantee. True to their ego. Well get to that in a moment. Dont forget about what i call the old god of technology. Microsoft tried to embed themselves as the new guy. 5660. How about ibm. They bounce from 140 committee in 162 in the past couple weeks. Texmex instrument. 35, 40 years ago. The first handheld calculator from texas instruments. I was in india. In an american at press office. But they handheld calculator. High tech 34 bucks a share. Lets get to another deal. Tesla was solar city very close to solidify in your agreement hasnt made any difference, nicole . Its not the actual agreement. The up arrow for tesla. Up about 3 . They are close to an agreement. However, it doesnt have to happen according to the analyst. It could be a could be a gauche of provision was solar city puts itself up for other faiths. This is elon musk to have a onestop shop for batteries, solar power, roof, and even solar powered battery proof. As well. Thats what its hoping for. Stuart i want to stay on tesla. The white house has proposed 4. 5 billion Fund Guarantees to go out for charges stations where the church cars. This is a 4. 5 alien, another green set to be. I cant leave you agree with this. I do on tesla. So what can i tell you. My stock today is a courtesy manual producing company that is truly great. One that makes those wooden pencils. You guys have to get lowtech stuff and start understanding chop boards, chat or companies. This is where the action is. True to how old are you . And 76. Stuart i take it back. Everybody is now in silence for this. Scott, tell me about this. 4. 5 billion attacked payer subsidy recharging stations. What do you think . I dont know if theresl youi think. We leave to greet here. At the end of the day come when john kerry says their commissioners are a bigger threat to the country than i says, when is this nonsense going to stop in waste taxpayer dollars. Ultimately, we need to focus our shift elsewhere because this is just keeping our eye off the ball. True to god again. Liz they will be fueled by natural gas because its bringing electricity costs across the country. The industry should it be a different team. We dont want it. True to 10 minutes into the trading session. Thank everybody for being with us on this part monday morning. Look at the big board 10 minutes into the session monday morning and now we are down 56 points. We are still less than 500 points away from night 2000, which most of our professionals think we would have at some point except for ms. Mcdonald who is not sure about this. It is a suicide on an attack in germany. The bomber blew himself up outside a concert. He was a syrian migrant. Raking new details now emerging on the story. Burnitz supporters are areas that the Democrat Party. In the show dnc chair Debbie Wasserman schultz conspired against bernie. Probernie protest at the convention and speaks tonight did what on earth is he going to say . Stuart we are learning more about the german music fest to vote. Ashley more details. Turns out the Bavarian Police have been going through the suspects from that found him pledging allegiance to isis on his phone. Goes on to say that he is announced in on the phone revenge against germany. We said before no link to terrorism. There it is. A video of him and not in his allegiance to isis saying he wants revenge on germany. Stuart Angela Merkel opened the door to 2 million migrants and one of them says revenge on germany. Ashley train for three attacks in germany. Migrants involved. Check of the board. Still down about 50 points about 18,500. Stuart already a major divide. Email survey showing that the party structure, the apparatus has delivered thing undermined Bernie Sanders campaign. Britains seminar that was a Bernie Sanders supporter. I want to know what you think Bernie Sanders should say tonight. That may back up a little. Bernie sanders speaks tonight. If he says hes got to unify, to some degree he is unifying behind hillary and betraying you, his supporter. If he comes out and says im not going to take this anymore, he split the party. Which way do you think this could go . I think that he should definitely move towards what he has been saying all along, which is we need to avoid a donald trump presidency. Hillary clinton right now has the most amount of superdelegates and delicate so its real this week we got to supporter. We do not want donald trump and a lot of people on the left dont. I am bernie or buster bernier jill. I believe in a message of includes this rather than devices on this. Compassion, not corruption. Stuart you do accept that the democrats structure, the party itself a stalker guy. They try to raise his religion, tried to plant stories about him being an atheist. These are the dirty tricks jesus be a bit 30, 40, the years ago in politics. Youve got to be annoyed about this, dont you . Absolutely. Im outspoken progressive act this year than a college student, can turn citizen. The wealth inequality that we have with the disastrous Climate Crisis for every year has been hotter than the Previous Year with the lack of health care, perpetualarfare. You wont vote for trump and you wont vote for hillary. You will vote for the green party chills i nor anybody else, but you absolutely will not vote for hillary. That is correct. Stuart are you angry . I matter if i cant august teams. And you angry against the Democratic Party . Announced that the angry. You see what happened with the 20,000 emails. The basic and confirmed with burnitz supporters have been saying all along, which is theyve been bringing this primary from the start against Bernie Sanders in favor of their candidate who represents the establishment and the corruption taken over our government. Stuart are you inside the arena tonight because Debbie Wasserman schultz who act as though obviously against your guy is going to cap of the convention to order . I want to know what kindnd of reaction shes going to ge how will you react to it . The mac i will be a Northern Virginia with my family watching it on television. When i see youre up on the podium, that to me is just outrageous how shes still has power. She said back in march that the Democratic National convention at impartial towards any particular candidate. At the same, thats an absolute falsehood. That is not true. Stuart i disagree with your politics entirely, but nonetheless we respect your opinion and we are glad you came on the show tell us how you will react to the scandal. Thanks very much. We appreciate you being here. Clearly come in europe weve been talking about for years now. I migrant crisis obviously. Three attacks by migrants in one week in germany alone. Weve got to remember this. Its a humanitarian crisis as well. Please remember 3000 migrants have drowned trying to get to europe just this year. Robert jeffers will be with us. He is a trump supporter and a christian. What does he think about this . What does he think about the humanitarian side of that . So scientists went to work. They examined 87 different protein structures and worked for 12 long years. There were thousands of patient volunteers and the hope of millions. And so after it became a medicine, someone who couldnt be cured, could be. Me. Stuart three attacks involving migrant in germany alone. Four injured. The machete attack after a dispute that left one woman dead hat with a machete. Last night there was a suicide, and in germany athletic conference. Come on in. Dallas pastor. We always think of this migrant crisis in political terms. Keep them out. Thats politics. There is a huge humanitarian crisis here. 3000 migrants have drowned trying to get from north africa into europe. How do we as christians address the humanitarian side of this when we are threatened in our security. Well, i understand the humanitarian side of the kid was in germany not long ago speaking to 500 refugees. I felt compassion for them. We have to admit that these three attacks in germany are proof that the open border bulk of the refugees policy has been a disaster for that country. We have a candidate running for president and Hillary Clinton who wants to duplicate the policy and our own country, increasing the refugees by 550 even though the cia tells us we cant properly. Stuart youve got to address the humanitarian side of it. Let me address it this way. Stuart go. First of all, we can create safe shows for refugees out of here. Secondly, the most compassionate thing is to eliminate the source of persecution of these refugees and that means eliminating isis. Thirdly, i would say to all of our viewers to feel compassion for refugees, pick up the sound, go online, give a donation to some of to some of their belief organization. That is something we can all do right now. We dont have to imperil our insecurity is a country. Stuart what about a religious test in the one week after the early under shooting, and america admitted 441 migrant from north africa. Largely serious. Only five are christians. It should not be like that. Christians are the minority. They are the ones being killed. Why cant we open the doors to them if thats what we want to do and not other people who persecuted christians. Why cant we do that . One of the problems and people tell me many syrians are afraid to register as christians even though they are christians for fear of reprisal in refugee camps. You see that underscores the bigger problems. We dont have any idea who these people are. Stuart we should do something about that i do declare. Sorry to keep you so sure. We appreciate you being here. Thank you very much indeed. Thanks, stuart. Stuart Bernie Sanders take the stage tonight. Debbie Wasserman Schultz is out. Democrats divided is a big question for you. What will Bernie Sanders say tonight in his speech . We have also won your money. Stockstill near record levels despite the turmoil and conflict down 60, but still watching 19,000 on the dow. Second hour Varney Company next. 10 00 on east coast it is 7 in the morning and in california, good morning everyone. Have you heard, the latest spin russians hacked democratic email to support trump. Thats a desperate attempt to explain away another email scandal. Heres the story. Its consuming the left. Leaked emails show the democrat machine conspired to undermine Bernie Sanders. They were supposed to be neutral, they were not. They tilted. Results, the day before the convention starts, the party chair Debbie Wasserman schultz is forced out, but amazingly she immediately joins the Clinton Campaign. Bernie is furious, he said all along that party rigged the election, he speaks at the convention tonight. Will he lead an open rebellion . His people are already out on the streets. Chaos and division among democrats and trump looks on with glee. Thats not all thats happening. A suicide bombing in germany on top of machete an ax attack. Billions of taxpayer dollars going to subsidize electric car charging stations and more close to record highs for those big name tech stocks despites it all. The Market Holding on to its alley. The second hour of Varney Company is about to begin. Sorry. Let me bring you up to date breaking news i have got it just coming in learning more about that bomber. Suicide bomber the german musical festival he pledged ace lee gens to isis. He did, in fact, they found it on his phone video though that he was pledging allegiance to isis also that he wanted to have revenge on germany. So that question now is did he have help . Theyre looking, they found bomb making materials that could have been enough to make oughts bomb so clearly intentions. You know i dont have numbers but 2016 is surely shaiching up to be the most violent year. Its almost a daily thing you know, 84 dead in the nice attack. Three attacks in germany. Back to orlando nightclub killed 49. The Suicide Attack in jordan that killed seven. More than 40 People Killed at the f40 and storm one in bangladesh. 192 in the end. Another one in kabul over the weekend i believe. Car bomb. Around the world terror campaign. And number of terror arrestses in e. U. Have doublinged since between 2014 and 2015 this will set a record for 2016. By the way, that suicide bomber that you were just talking about it appears that he had war wounds and from syria so more detail coming out about him. Okay despite all of that thats the news background, the market is down but not this is not a big selloff. Dow stands at 18,511. The price of oil is moving. Were at 43 dollars a barrel that is down about 10 from july of last year. It was at 50 a barrel back just last month so coming down on oil again thats why gas prices continue to fall 2. 16 your National Average. Verizon buying yeah what or parts of yahoo i should say 5 billion is the price tag. Yahoo and verizon both down their stocks. More subscribers higher sales at sprint and nice pop there. Its up 13 thats sprint. Back to those leaked emails indicating clearly top brass inside the dnc. Held a bias, a big strong bias against bense. Bernie sanders. Chair Debbie Wasserman schultz out. Republican National Committee chairriness Reince Priebus had this to say. Tipping the scale for hints it was a dramatic illustration of what we knew the truth was the whole time that i. We take every precaution you can imagine in order to secure our email servers and our data at rnc. ,obviously not only tipping the scales but dumb enough to actually do things like that which is not smart. Stuart kind of spelled it out drump a little while ago tweeting quote crooked Hillary Clinton knew everything that he was doing at the dnc they just got caught. Thats all. They laughed at bernie well thats donald trump jumped right on it. Holland is here. Bernie supporter or he was. I know now supporting trump. Well known for that now. Bernie speaks tonight. Hes this is a real difficult thing for the democrats because if he says yeah, i forgive you hillary were altogether now. Hes betrayed and campaign and supporters if he says ill never forgive this. He split the democrats. Whats he going to do . He didnt split democrats but rest of the dnc did. If he says that tonight it look like democrats are split any way you slice it. My biggest problem is that it is not just the dnc. This trickles down to media too. You saw correspondents in the dump they showed that members of the media feeding stories for basically approval. Before they would publish it. Is that true that is true. I did not see that. Ill email that. U youve read, seen those emails from some members of the media going to the dnc. They were giving them access to the article. Yeah. Run it by the Democrat Party. If it flies with the democrats . What . They also had checked debbie reaching out directly to him to put pressure on him because she was not happy with the coverage of Debbie Wasserman schultz bias so media is complicit here and you can go on wikileaks. Org and im mag a contribution because im happy about what theyve done a service to the Democratic National party. Im a Bernie Sanders supporter because im tired of this rigged system. This rigged system in washington that trickles down to the media and he was responding to that and same way that donald trump has. And so that thats why i supported Bernie Sanders. One of the themes on show today ors last week i should say wases its not your dads Republican Party any longer. The insurgent won. But it is your dads Democrat Party. Because it still run bit same old names. I mean, same old same old. Theres no change there. So you take the chair out and somebody else down in brazil will take her place temporarily. Stuart wasnt she mentioned in emails . Look, this is more of the same were doubling down on establishment and Democratic Party is trying pay us lip service right now. Stuart you think that tonight Bernie Sanders will come out just attack donald trump thats all theyll do. If thats all he does hes not mentioned the betrayal of his supporters. Stuart the guy cannot fold. Hes a fighter. I dont know whats hes always been so grim. He has. Stuart always been. Now, hes going to turn around and smile lets all get it together for hillary for donald trump or Democratic Party person who comes out happy. Different in this case because i believe Bernie Sanders has caused i dont think ted cruz did. Now Hillary Clinton has released a statement only the resignation of Debbie Wasserman shuttle shuttle that says i want to thank my long time friend debbie for her leadership of the Democratic National committee she added that simply no one better at taking the fight to the republicans than debbie. How about that . You know what . Can you imagine so medias coverage of this has been very light. And this perfectly illustrates it in my minds. Can you imagine before the rnc, you had it announced [laughter] you had it announced that Russian Hackers have been monitoring the private communication of the National Committee over a year that the rnc had conspired against ted cruz to advance donald trump, that the media had been corresponding directly with members of the dnc to get approval on outrage. Other outrage. Melania trashed wall to qawl coverage over a day because apparently plagiarized a paragraph of a speech. You know what for a Bernie Sanders supporter you are popular on this program. [laughter] stuart byron is with us. I have to get to you straight on this point right after she redesigned dib bee wasserman shulings honorary chair what on earth is with that . She was with hillary all along, and the thing that makes Bernie Sanders supporters so angry is that they suspected this. They knew this was happening all the time. Remember when the debates were scheduled, you know, on saturday night. Debbie doing all sorts of things that the Clinton Campaign wanted to, wanted her to in the case of debate scheduling them at a time when fewer people would be watching. And the bernie people knew all along that this was happening. This was just proof of it. And happening on the eve of the convention. That just brought forth this outburst of anger and as far as the bernie delegates that ive talked to here in philadelphia, they did not come here to unite behind Hillary Clinton. They came here to support Bernie Sanders. And i think thats what were going to see when he steps up on that stage tonight. What do you think it bernie will say in i mean, look he could make he could make peace with hillary a and support her in the cause of defeating donald trump. Or he can be mad as hell im not going to take it. Look what you did to me. I dont think with hell do that. What do you say . Insiders say hes a good soldier that he will im sure hell talk about a lot of his causes breaking up big banks. Free clng, universal health care, all of that stuff. But in the end i think hes going to get to the point where he says thats why its so important that Hillary Clinton be elected president of the united states. The bigger question in my mind is what are his supporters going to do . Theyll be with him through the bernie agenda and i think they may part with him on that is why we should elect Hillary Clinton. Meanwhile Hillary Clinton appearing with her running mate tim kaine on 60 minutes suggested to 60 minutes theres a double standard against hillary. Watch this for a moment. I often feel like theres a hillary standard and then one or for everybody else. Whats the hillary standard . A lot of what you saw at the Republican Convention unfounded, inac rat, mean spirited attacks with no basis in truths, reality. Which take on a life of their own. All right byron you heard that. Stuart what had do you make of it . That is straight out of bill clinton and some say he wined about being subjected to a different standard from other people. And the fact is, you know, weve just seen this new poll this morning from cnn which has Hillary Clintons honest and trustworthy number at 30, harn not honest and trust are worthy number at 68. You know, voters have an impression of her. And its not because of unfair media coverage. Byron thats a shocking result in that poll. Stuart i got a bit more on that. Byron nork going to see a lot more of you this week. We appreciate it. That new poll is bringing some good news actually to donald trump. You surprised at how good this news is for trump among independents well bring that to you in just a minute. Plus this among the leaked dnc emails a shock about bernies religion it suggests that dnc officials may have wanted to use bernies face against him. Or question whether he was an atheist. Donald trump hes already got a nickname for hillary vp pick kaine gifts while he was in office in virginia. More in a moment. Youve got this see this poll out from cnn shows trump on top 4849 hold with that for a second that represents 6 point move up for donald trump. Now look at this. Look what happened among okay going back to that one. [laughter] now hold it back. Keep that up. Because this is the really interesting stuff. This is trump with an independence hes got 46 of the independence. Hillary clinton has got 28 thats huge. That is huge also a new cvs poll shows trump leans 1 to swing voters in that poll too. So leads by 1 percentage point. Republican from new york is with us, congressman were holding that on the screen. Trumps lead among independentses in a poll taken after the end of the cleveland convention. Ive never seen a bounce like that. Thats really quite extraordinary. I think for independent voters theyre prioritizing National Security, Economic Growth. Theyre connecting more with with mr. Trumps message over secretary complin ton. It makes a lot of sense to me because you know as the democrats focus on these fringe issues, wedge issues trying to change the topic because they dont want to talk about National Security and myc growth, theyre starting to appear more and more and more out of touch with independent prioritizing other two issues. Have you ever come out straightforward and said im with trump . I dont know what your position is. Are you backing him fully . Yeah, i endorsed mr. Trump about two and a half months ago. And i sure hope that he wins and wins big in november. Not just for the next four years of our country. But for next 40 years of our Supreme Court and those waiting for, you know, another republican to magically emerge as an option, even if you dont agree with trump on everything, hes a lot better than Hillary Clinton so we need to unify the whole party behind him. Now i just want to bring this up with you one of those leaked emails sent to Debbie Wasserman shuttle related to Bernie Sanders religious beliefs in part email leak this. My Southern Baptist peeps would draw a big difference between a jew and an atheist. They were trying to plant stories as Bernie Sanders as an atheist. Now, congressman im aware that you are the only jewish republican member of the house of representatives. Bernie sanders was born into a jewish family. What do you make of this kind of this bringing up peoples religion like this . It seems to me like a a rotten dirty. A couple of things is looking from this email and many other emails how bias and tilted dnc was right up to the very top. I also think that this is further evidence of just how nervous and desperate the Democratic Party was that Bernie Sanders was despite the system being as rigged as it was with all of those superdelegates that the Bernie Sanders might still and the nodges might capture it from hillary. An email like that pointses to nerves trying to tilt the scale really running out of good ideas of anything more substantive. Stuart i have to ask you this one congressman in previous leches for last 20, 30, 40 years jewish vote has gone 70 plus to the democrats what do you think will be the proportional voting in this election . Its a really good question. I think that next three of that months will certainly help give me a little more clarity on it. Right now i think were in the 30, 37 range. Now 2012 mitt romney got about a third of the vote. 30 plus years ago when Ronald Reagan running for reelection he got 30 of the vote that dropped to 12 and slowly has been rising since 92. I dont know whats beginning to happen come november. But i will say is that this president s Foreign Policy which in many respects Hillary Clinton look to continue as a third term is one that has growing daylight between the u. S. An israel and one that resulted in iran nuclear deal, i think for the American Public for Jewish Voters seeing rising bdf movement, College Campuses around this country theres a real are opportunity for mr. Trump if he goes after it to get up as close to 40 as we saw with reagan in the 80s. Stuart congressman thank you for addressing the question head on. We appreciate that congressman. Thank you, sir. Check that big board down a bit further. I said no selloff for the beginning of the program well this is a modest selloff down about 90 points at this point. Now, this, an out of control fire out of los angeles spread to 33,000 acres. This is in the Santa Clarita valley. But man is burned in his car pounds. Mandatory evacuations are underway right now for thousands of people. And this, another mass shooting in florida. At a nightclub, two people dead, new details emerging. Pope francis is going to poland to support the migrants. The polls want to keep them out. The pope wants them in. This after a syrian migrant killed a polish woman in germany with a machete that woman was pregnant. Jonathon morris moments from now. [hip hop beat] olympics 2016, let me get you on my level. So you never miss a moment, miss a minute, miss a medal. Why settle when you can have it all . Soccer to wrestling. Track and field to basketball. Fencing to cycling. Diving to balance beam. All you have to sa is, show me, and boom its on the screen from the bottom of the mat, to the couch where you at . Show me the latest medal count xfinitys where its at. Welcome to it all. Comcast nbcuniversal is proud to bring you coverage of the rio olympic games. If you look at a broader base indicator of the stock market that would be s p 500 down about a half percent. The selloff snot a huge selloff but beginning toth gather a little steam here Kimberly Clark famous for hugies diapers down over 1 . Now look at the price of oil this is falling and may account for drop in stock prices down a buck. 2 on oil. Ashley i think that relationship between lower oil and lower stocks might be reestablished. I think thats true seen a disconnect but coming back a bit and oil is helping to put downward pressuron the dow. Gliewrt down to 43 a barrel right now. Looking for 2 gas. [laughter] all right the Democratic National committee will have a massive look at it. Chain length barrier im going to call it a wall. To protect their convention from protesters how big is the wall . Its about eight feet high and its acres and acres of fencing. Its going to be about four mile ardz the site known as Wells Fargo Center so as theyre talking inside of mending fences and unity, theyre building a gigantic fence aired around the site criticized dnc border wall protest mount from Bernie Sanders supporters in philadelphia. Stuart really, wall the new meaning. The wall. I want to bring up more on president s dnc email scandal. Yess another huge email scandal supposedly a russian connection. Youve got to explain this. They say latest breach which exposed the campaign against bernie was perhaps the work of two russian intelligence agencies. They say that those russian fingerprints were all over it and for computers and taking it a step further that donald trump has been somewhat you know, complimentary of Vladimir Putin saying a stronger leader than president obama. Hes also made comments about nato. So the implication is that russia is behind it because they want donald trump to win because they think they will get more advantage if trump was president. Smell like spin, looks like spin. Timing weird that breach happened last month and all of a sudden theres an email interesting timing. Going to mess up the Democratic Convention and released it. [laughter] stuart germany still reeling from one of the bloodiest weeks in memory, three attacks in the last week involving migrants. Now pope francis says that west needs to take them in. By the million. More on that in a moment. If you suffer from a dry mouth, then youll know how uncomfortable it can be. But did you know that the lack of saliva can also lead to tooth decay and bad breath . Well, there is biotene, specially formulated with moisturizers and lubricants. Biotene can provide soothing relief and it helps keep your mouth healthy too. Biotene,. Tree into a pokemon go, very popular. It turns out nintendo doesnt own all the pokemon go. They own about a third of it. We didnt know about. Now we know. The price of oil is beginning to affect the stock market back to 43 barrel. Down 1 dollar right now. 2 is hurting stocks. Steve morris with us. I believe hes the chief economist. Are you the chief economist bear . And a senior fellow. I want to rescue the question all inquiring minds want to know, which is are you playing pokemon go . Youre one of the few people on the planet that is not playing. You see people doing it all over. Not millennial theater. Stuart lets get to it. Are you prepared to offer a comment on the stock market because my question is are we going to get to you. I told you last week there was a little bit of a bounce in the stock market as his numbers have gotten better. Theres been a pretty interesting correlation between those two things. Theres no question that trump is better for the stock market. When you see your tax plan you will see how we reduce the best in. I do think we can get 219,000. There is a political element to this. Investors are looking closely at what they predict will happen with this election. Stuart i dont expect to hear much about Economic Growth this week. I dont know what they will say. Its going to be a full tackle the donald trump as opposed to a full throated support of their policies. I dont think theyre the party of growth at this point. I just wrote my column in the Washington Times this morning, which is if you look at the democratic platform, you can hardly find the words Economic Growth anywhere in there. Its as if Economic Growth isnt even a goal. But the lot of the radical green groups, they want less growth, not more growth because its bad for the planet. Because the democratic dirty has become so obsessed with income inequality, but they think of growth is rich people will get richer. A lot of democrats dont want growth. You look at the platform when its finally finalized. Growth was nowhere to be found. Drain to all previous elections have essentially been run on pocketbook issues. The economy or lack thereof. This election does seem a little different. Other factors which may push your tax plan into the background and push the socialism of the democrats into the background. What do you think . Theres no question if you listen to donald speech thursday night. He spoke at online order and reducing crime, which is a new emerging issue. I look at the polls over the last two or three years. Jobs, economy, jobs, economy. The only fault i would have slightly with this niche that donald trump in thursday night, i wanted a little bit more on what is going to do to fix the economy. Sometimes, not this week, early next week in nature address will put the meat on the bones they are and explain exactly how we get back to 4 growth. Tree into an rode a peer i did not write it. Im working with you on it. Theres a lot of a lot of good sense to cut taxes, be proamerican energy policy. Reverse a lot of executive orders with respect to the epa. You start doing those things. It is not that difficult in my opinion to get from a 2 growth rate than 4 . Stuart every week we say 4 growth, not a habit. Thank you for joining us. Well see you again soon. Amid the recent terror attacks in europe, and increase security concern. The pope is making a trip to poland. Father Jonathan Morris is here. The pope is going to urge them to take the humanitarian approach to this grave humanitarian crisis of migrants. The polls take the political approach. We dont want them here. May i say i think the pope is doing the right thing. That is what christians should be talking about. I know there is but they are. True into the job and duty of christians to look after a mans soul in the humanitarian crisis which is evolving in europe. X went. We can end this segment. Excellent. Go ahead. Trying to produce an ominous . I would agree. You dont want the pope saying dont let the immigrants flee from the faster. Are the polls wrong for saying hold on, we cant take this anymore. What you are saying is one thing is humanitarian. Another is reality. We cant let immigrant men who were a danger to our country, a danger to her citizens. So this is the way i would look at it. There is a natural right to immigrate from ones country, to leave ones country in pursuit of a better life, especially running from danger. Theres also the responsibility of government to control, to regulate coming into a country as safe levels. Theres got to be a balance there. Hope frances when we were talking at the break, 3000 refugees who have died in the mediterranean issue. 3000. There is a humanitarian and cuban, which includes politicians. There is a responsibility to say we are going to do some name for these people in desperate situations. Stuart the politicians will turn around and say we cant. We cannot handle million 10 Million People arriving on our shores. And theyve got a point. Hasnt hope frances is going to not just talk about this, hes going to meet up to 2 million young people with hope frances. Imagine 2 million young people meeting with hope frances. While hes there, he will be singing, take care of refugees. Take care of immigrants. And then theres this attitude not the pope, the politicians to balance the human responsibility to take care of them, but also do it in a safe way. Im glad the pope is not paying just to bunker down. Dont worry about this immigration issue this refugee situation. True to what annoys me frankly is in the week after orlando, america admitted 441 refugee migrants. Only five of them are christian. I think thats outrageous. The christians are being persecuted and literally kill them run out of town on a mass scale. That is being done in the name of islam. I am with you on not. On that. In orlando, with a refugee . And nice, france. It was a french national. Stuart why cant we bring in the people who are the victims. Christians are also muslim victims no doubt. We should bring an abreu one who lives in danger of being killed by an unjust aggressor. We have to leave it there because were out of time. After the show, i show, i love lunch today. Thank you, father jonathan. A lot of it names that tech companies, very big names report their profits later this week. What is with their stocks right now . Lets check out the tech favorites of our viewers. 190 Companies Reporting this week. Apple with 97 to the downside as this twitter. Aalpha bank losing google and basically the only gainer they are. Tuesday will be apple in twitter. Wednesday will be facebook in wednesday will be focusing on iphone sales. A Second Straight Quarter of iphone decline. Twittering is their growth with the new deal with major league is thought to have the out of market games. Facebook has been hovering near the highs and google is in continuing to compete in Cloud Computing against amazon and microsoft. Grade last week, by the way. Stuart very well indeed. Thank you, nicole. They are calling it the heat down. It is explained as a highpressure ridge that traps hot air and suffocates all of us. It is spreading very high temperatures across the country. I believe that is 110. Liz it is called summer. Ashley july in phoenix. Stuart you are so skeptical. Now they are naming winter storm. Aliens, montana. Billings, montana. Trade for what the capital . Stuart helena. The white house has promised 4. 5 billion of your money to help build more charging stations. Yes, another green subsidy. Debbie Wasserman Schultz out at the dnc. There were thanks her for her service and gives her a top job in the hillary campaign. It is more evident the system is rigged. More varney in a moment. Ashley remember Varney Company starts at 9 00 a. M. Eastern. Heres what you missed last hour. Robert jeffers, tribe supporter. Stuart christians are the minority. They are the ones being killed at why cant we open the door to them if thats what we want to do and not other people who are persecuting christians. Why cant we do that . People dont tell me that many serious and are afraid to register as christians, even though they are truly christians for fear of reprisal from fellow serious who are muslims. That underscores the bigger problem. We dont have any idea who these people are. Uses running behind in shooting. You just see a whole bunch of kids playing on the floor. Got shot. Five or 10 times. Stuart a shooting at a florida nightclub. To that as many as 17 wounded. The latest. Ashley police saying this was not an act of terror. Among the dead of 14yearold and an 18yearold. A 12yearold was shot with multiple injuries. They are saying this is not an act of terror, but we have yet to get a motive for what happened. Stuart we just thought i would thought facebook who was putting it out live as it was happening. That feature is being used more and more. This is a real ethical dilemma for facebook could resolve this with the sniper in dallas to Kill Five Police officers and police basically shooting individuals as well. Facebook doesnt have the team that could stop or protect its ban on horrifying violence. Its got 1. 65 billion users around the world. People uploading graphic footage and afterthefact can face the ticket down. Its also a police investigation. Whats the chain of custody if theyre going to be used. Ashley police in munich were begging people to get off of facebook. Stuart that is a problem which has no solution at this point. Back to the democrats. Debbie Wasserman Schultz does he know by now i was resigned after wikileaks revealed internal emails showing the partys top rice clearly undermined Bernie Sanders chance of winning. They tilted towards hillary and away from bernie. David webb is with us right now. Bernie sanders speaks tonight. I want to know what is going to say. If he says yes, lets unify the party, hes betrayed his own campaign and supporters. If he says im not going to take this any longer, he split the party. The party is already split. They are already split. There is something to consider. Unity serves his purposes more. All the protesters go to philadelphia. Theres a larger metropolitan area they can coalesce around tens of thousands. We dont know. You can fight the Republican Party but you can change the Democratic Party. Democrats will not become the not become the socialist party as much as they sometimes have their issues. The Democratic Party can be altered and changed in your social decision. Stuart they did change the platform. Or to sanders dragged away to the left. Now Hillary Clinton has appointed senator kaine as her running mate and is anything but a leftist. Not really. His progressive policies, which even in the emails are sending out president obamas team, theyll say progressive. President obama says hes archived to paraphrase the valet guy. The fact is he is a progressive. He is seen as a centrist. The party is already split. The main thing to remember is the left wing, the democrat socialist can change the Democrat Party for their vision and thats where traditional democrats see themselves losing. Treated to a blackboard gun control talk after the shooting in florida. The mac you will hear false reminisce. Theyll have the mothers of people like trey von martin, Michael Brown and others to speak. They will not address florida, the tragedy that played out last night where it was mostly getting what they did. They will not address chicago. Ive been looking at their speaking platforms. They will sell a narrative because narrative is how we divide and another made into a voting bloc. Stuart david webb, going to philadelphia . I may watch it play out. You know what, im a broadcaster. Lets hear what they have to say. Stuart we will be waiting to hear from you. Now this comic is. My grade was himself up in germany. He pledges allegiance to isis on his phone. A new report says 6700 refugees have already been admitted to america so far this year. Only 23 are christian. More varney next. Approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive, 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. Thats where aarp Medicare Supplement Insurance Plans insured by Unitedhealthcare Insurance Company come in. Like all standardized Medicare Supplement Insurance Plans, they could help pay some of what medicare doesnt, saving you in outofpocket medical costs. Youve learned that taking informed steps along the way really makes a difference later. Thats what it means to go long™. Call now and request this free decision guide. 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In terms of policy, it is not your fathers Democrat Party either. Theyve gone socialist. Art laffer is here. They really have been dragged to the last. Bernie sanders has done a lot of the heavy lifting. They are a socialist party and i dont think they could come back in the next three and a half months to be a centrist party in terms of economic policy, can they . No, they can. Im a democrat from the 60s. I believe in tax cuts, progrowth, defense spending. All of the status they stood for, also bill clinton. I supported and voted for bill clinton twice. I thought he was very aggressive on tax reproductions and bring them prosperity back to this country and cutting government bending as a share of gdp. This is the antithesis. This is the party of stagnation. It is very sad and i think trump has brought the republicans into being progrowth. Stuart do you think this has a lot to do with income inequality . Lets be honest, there is income inequality here. The gap is getting wider. Is that what is pushing the democrats . I think its opportunistic. But youre always going to have his one side and the other side having to have differences, otherwise you dont have a political contest. One of the ones is Income Redistribution and the other is progrowth. Those two views have been battling for the memorial and the senate happens to be the republicans are progrowth and democrats are redistribution. Stuart bk coming back to this. Every time you and i get together, we talk about growth. Democrats have a policy into effect. I dont think its serious growth. Negative growth. That is where we need right now. This is the time and place growth is needed. Income redistribution is than it should be considered in all of these things. Now is the time to make sure people are good high paying jobs rather than big welfare. That is what is needed. Stuart we will see you soon. Ashley coming up, the third our varney. Donald trump among independents by double digits. We will bring you the poll. Bernie sanders supporters protested outside. The question of the day, what will he say tonight . Stuart good morning, everyone. A postconvention bounce for donald trump, especially among independents. A preconvention bombshell for the democrats. Another email scandal. Wikileaks democrat insiders as the party of the conspired to undermine her to sanders then they got caught. Debbie Wasserman Schultz is out leaving the top party hours before the convention begins. And it is a split party. Senator sanders is serious. Supporters already taken to the streets. The philadelphia gettogether has the chaotic opening day. As of now, the disgraced Debbie Wasserman schultz amazingly has formally joined hillarys campaign and she will gavel the convention tonight. Well bernie supporters boo her . Later, bernie speaks. How will he address the party split . The democrats are still there by the old elites. The policies are different. They track left, but the leadership is filled with names from the past. The republicans are not led by the old elite. It is Donald Trumps party now and he is gaining ground. He has ended up hes created an enormous lead among independent. What an election. Lets not forget we are watching your money. A little on the stock market. We are still looking out for the dow 19,000. Brit hume is next. I bet even he has been nothing like this before. The third hour of Varney Company is about to begin. Stuart 11 00 in new york city. 8 00 in california. Monday morning and the dallas pulling back. About 100 points. Thats not a whole lot and 18,400 index. I want to focus on the price of oil because that may be a stock market mover this morning. Coept 43 a barrel. Ashley theres an article in the journal does suggest there is oil being stored somewhere, but not everyone knows where it is and how much they resent it. In other words, is there a lot more oil out there we dont know about creating instability and uncertainty within the oil market. Stuart you cant measure the supply. They know its big. Down goes the price of oil 2 . Fortythree dollars a share. That hurt the market. Thats your money this monday morning. Brit hume is with us live in philadelphia. I am dying to ask the question, have you ever seen anything like this before . And what do you think Bernie Sanders is going to tell the convention when he speaks tonight . I havent seen a chairman give the tivo on the eve of the convention. I dont know what Bernie Sanders is going to say tonight, but there is no indication he will withdraw his intention to endorse Hillary Clinton and i doubt he will say much of anything about the Debbie Wasserman schultz email controversy. He will do his best to unify the party, that his supporters are another question. Stuart we are kicking off the Democrats Convention. Nobody was expected anything like this. We just wrapped up the convention in cleveland. We are starting up the Convention Today and suddenly the party chair is gone. The party chair has gone to the full scale to the hillary campaign. The plot against Bernie Sanders has been fully revealed. Am i going too far . Lets just look at it from a somewhat broader perspective. What is the purpose of a Political Party in the president ial election cycle . The Political Party is to nominate a member of that party that can be elected. Its reasonable to say Bernie Sanders is not a member of the party and also reasonable to believe it can be a black day. The party elders and Party Leaders were working against him. Why not. His campaign is based on a Conspiracy Theory about the economy, which if you stop to think about it is pretty farfetched. Im not sure i blame the party for doing what it did. The problem is it was claiming to be mutual. The only reason that claim to be neutral if so bernie supporters to the Democratic Party needs would be angry with him. Stuart do you have any comment on the cnn poll i saw early this morning, especially among independent for donald trump now leads 46 among independent, 28 for Hillary Clinton amongst independents. That is a whopping lead that has been widened after the convention. Is certainly is. Mitt romney won the independent by five Percentage Points and a pleasant enough, even though he had 93 of republicans. Donald trump were able to sustain a lead like that. That would be a pretty good indication. However, these Convention Week polls have a tendency at times to overstate bounces, the list you get in the polls. But it does show clearly donald trump got something out of this convention and he has at least tied with her in several National Polls are close to it. That is good news for him. We will see how long it lasts. Stuart never seen anything like this before. Great stuff. Its interesting. No doubt about it. Stuart brit hume, everyone. Thanks for joining us. Back to the markets. The big were down 98 points. Joining us now, live speed. We are pulling back about half a percent down. That is not a huge callback. Do you think 19,000 do you think its possible fairly certain . Of course it is. We talked about this for the past year. As long as rates are where they are and theres very little indication there will be a change, there is no other place to put your money. Theres a lot of reasons people are skeptical about the stock market, then the Earnings Growth which has called. The truth is people need yield to meet obligations and pension funds. You get maybe 2 or 3 dividend yield. If i go to a bank and get a cd, i get one third of 1 . You dont even get a toaster anymore. Stuart let me get back to the poll from cnn. Heres the numbers. Trump on top, this poll was taken right after the hand of the Republican Convention. 48 trump, 45 clinton. The point is that donald trump has surged by six points by last month. Now look at the independents. I know weve seen this before, but this is an important number. 46 for trump, 20 for clinton. That is independents. Liz that is a 15point percentage claim. Just after the convention. One thing that should be remembered if it isnt just Bernie Sanders camp was disadvantaged by the dnc. It was solid democrat contestants. The debate schedule and other things do you put into place place for all in for hillary. They werent even against Bernie Sanders specifically at the beginning because he came out of nowhere. This convention for hillary is incredibly important because the Bernie Sanders 12 Million People voted for Bernie Sanders in the democrat primaries are over 2 Million People gave him money. Those people have got to be infuriated because they were always going to be blocked by the dnc. Again, Martin Omalley and the lincoln chafee. This is a sordid affair that will take a lot of very interesting endorsement and powerful endorsements by michel and everybody else to make this right. I think theyve got a real problem here. True to 12 Million People voted for bernie in the primaries. Theyve got a choice of three things. They could vote for hillary. They could vote for donald trump. They could stay home. I know there are third party candidates, but those are the primary choices. This is all about getting a not too though. Its an uphill battle. Stuart lookout markets. Now we are down 107 points. As you can see, only two of the dow 30 stocks are actually up as of right now. Probably more than a half a percent. Look at this. Dangerous heat across the country. Much of the country. Weather phenomenon known as the heat go. Hot air trapped over much of the country. The heat index near 100 degrees. 110 Million People affected by all of this. It is summertime. Lets not forget that. Especially in phoenix it does get to 110 in phoenix. Liz i like how new york city is hotter than ever. Stuart serious stuff. A Massive Wildfire in Southern California growing rapidly. A thousand residents evacuated. Firefighters trying to battle the blaze. A thousand people evacuated already. The head of the dnc resigns as does the convention gets underway. The democrats in disarray. Out of the Mainstream Media cover that . Inquiring minds want to know. Stuart down 100 points in the first 45 minutes on the new york stock exchange. Down 107. 18 for is where we are. The floor of the Convention Last week by republicans. Just a small 30 minutes. You wouldnt know that from the headlines, but the media generated. From the washington post, first of all, the Republican Party just had a nightmare moment on the convention floor. Abc news Republican Convention erupts in chaos as never trump forces thwarted. Media bias host is with us this morning. That was pretty extreme staff from the media last week about the republicans. What are we going to see with the democrats . Media have the narrative going into cleveland, which was a divided convention and somewhat disarray. It is the Convention Fair enough. The media narrative coming into philadelphia where i am talking to you right now was this was going to be a coronation of Hillary Clinton bringing the parties together. That has over the weekend as these embarrassing emails came out, the day was tilting towards hillary and Bernie Sanders. The media missed the magnitude until yesterday morning at Debbie Wasserman schultz stepped down as the party chairman. Stuart are they portray him as a somewhat, using those words that they use for the republicans last week . Since it hasnt got underway, i dont think weve reached that chaos theory. Certainly, a lot of divided disarray ,com,com ma shattering of party unity. The question now is will this story have woken up to it the last 24, 36 hours and overtaken when we hear this tories and then all of that. Or will this be a theme that we will pursue throughout the four days in philly. Stuart let me ask you about the wikileaks leaks. Ive not read these emails, but i am told that some reporters, some journalists and media people were submitting stories to the need for approval to see if they are in the right track. Has that happened . This one instance with the reporter named ken vogel submitting a story through the dnc official ricer agreement to get his dots on the complicated Campaign Finance story. I talked to a political executive denis says it was a chance to allow the dnc to comment and that this is not the normal this for this bullet to kill a reporter. Some of these emails show a cozy relationship with anyone criticizing or the party. Its almost like they expect a positive coverage. Stuart fascinating stuff. All good stuff. Thanks for joining us. We appreciate it. Good to see you. Stuart president obama has 4. 5 billion worth of taxpayer for recharging stations across the country. This peak still with us. That is a great subsidy and its a big one. Obama has made many pledges about how many electric cars about public cars on the road by certain dates 2015 with the latest million cars. All they have to million now out there functioning. That is insight of the 7500 credit that people get if they buy one and ill kinds of other newsmen. He is about to leave office. He pushes forward on the things he hasnt gotten done and this is one of them. At some point, someone will roll back and say what are all the advantages we are giving renewables and costing american taxpayers. That is because you and everyone else has range. You cant go anywhere. We are not by an electric cars because the price of gasoline liz the chevy volt was truly cash were conquerors but the tax credit. At the same time, there is this real problem they have yet to come to grips with. The electricity in this country is now powered by natural gas but they are antifranking. If they want all those green electric cars on the road, youve got to be supporting franking. Ashley that is true. Stuart enough already. How about the markets. On the lefthand side of the screen, only four of them are a good most of them are down in the dallas up 100 points as we speak. A rocky start, probably for the Democrats National convention. Protesters on the streets. Bernie supporters say they wont vote for her. At least the ones in the picture. They are not voting for hillary. Junior senator and democratic pick for Vice President , tim kaine under scrutiny for expensive gifts he accepted while he was in office. Trump calling him corrupt kaine. We have the details on those gifts for him. Hey hows it going, hotcakes . Hotcakes. This place has hotcakes. So why arent they selling like hotcakes . With comcast Business Internet and wifi pro, they could be. Just add a customized message to your wifi pro splash page and youll reach your customers where their eyes are already on their devices. Order up. Its more than just wifi, it can help grow your business. You dont see that every day. Introducing wifi pro, wifi that helps grow your business. Comcast business. Built for business. Stuart happening now, Hillary Clinton about to take the stage in charlotte, north carolina. She will be addressing the vfw national convention. Well see if she mentions anything about Debbie Wasserman schultz and Bernie Sanders. Odds are she will not. Also happening right now, Bernie Sanders supporters protesting in philly. What are they chanting . Hell no, dnc, we will vote for hillary. Bernie sanders will speak tonight at the convention. Dont know what is going to say. Three attacks in germany involving migrant ball in the course of one week. An afghan teenager armed with an ax injured four people on a train. He was eventually shot dead by police. A serious refugee kills a woman with a machete, injures two others. Now a serious suicide bomber killed himself, blew himself up out side a Music Festival. 12 others injured. Isis claimed responsibility. Transit isis has claimed responsibility for the latest attack. They found a video on the suspects home is pledging his allegiance to isis. This couldve been so much worse. He was trying to get into a Music Festival where thousands are there. He had a bomb in his backpack and was refused entry. Killing himself, injuring 12 others who were nearby. The reports that the bomb was pretty sophisticated, perhaps indicating he may have had help putting this thing together. They found other bomb making material where he lived. Stuart didnt he say unopposed he went for a space. He also said this is revenge against germany. Ashley he said this is revenge against germans because germany has stood in the way of islam. Stuart what is he talking about . Angela merkel that 2 million into the country. I think shes finished. Ashley shes coming under increased pressure. Stuart what is the news you brought to us earlier, the back packs a day and. They are banning backpacks because of the risk that they pose. If i was in europe at this moment in going anywhere in the crowd, id be very suspicious of people wearing bulky clothing. Which means everyone under 40. Australia is now detaining and definitely people could make it of terrorism. They will detain them indefinitely. Within very aggressively right now. Stuart new developments. Good stuff. The price of oil down sharply. Down about 2 , almost 1 dollar down 10 bucks a barrel since last july. The downside move in oil and oil stocks is helping the overall market to move low. That is a negative with all this oil stocks losing so much ground. The big were down 90 points. Below 18,500. It is time for us to take days because fox that is very good. I like that. Ending the quarter with record breaking rates. Thanks to you the viewers. Keep those ratings up. Back in a moment. Is the world truly ready for a vehicle that can drive itself . An autonomousthinking automobile that protects those inside and outside. Ready or not, the future is here. The allnew eclass. Selfbraking, selfcorrecting, selfparking. A mercedesbenz concept car thats already a reality. Mercedesbenz. The best or nothing. The dnc was tipping the scale the entire time for Hillary Clinton, it just was a dramatic illustration of what we knew the truth was the whole time anyway. We take every precaution you can imagine in order to secure our email servers and our data at the rnc. Obviously, not only were these guys tipping the scales, but they were dumb enough to actually do things like that which is not smart. Stuart well, he told it the way he sees it. That was Reince Priebus on the email scandal that has forced Debbie Wasserman schultz to step down as dnc chair. Joining us now is Joseph Andrew, welcome to the program. Its good to see you, sir. Well, its great to be with you. Stuart are you sure about that . [laughter] yeah. I always like to show up with the ratings winner. [laughter] stuart flattery gets you everywhere in television. I just got some news in, and it is not good news. The fbi is investigating the dnc email problem, so to speak. I put it to you, joseph, that the democrats as we speak, right now, are more divided than the republicans were at the end of their convention. Youd agree with that, wouldnt you . No. Look, i think the whole question here is whether or not perceptions of disunity tter when it comes to the ballot box. Republicans challenge was they had ted cruz, they had governor kasich taking advantage of it where tonight democrats are going to have Bernie Sanders wholeheartedly endorsing Hillary Clinton stuart hold on a minute, joseph. Do you think hes going to stand up and say i wholeheartedly get behind Hillary Clinton . It doesnt matter that the democrats really screwed my campaign, tried to bury me completely and then told lies about my religion and my faith. Oh, no, oh, no, he wont mention that. No, no. Hes going to come right out and say hillarys wonderful. Are you kidding . Well, i think, actually, youre right, that is what hes going to say because, again, its about the dnc, its about the Democratic Party who clearly has messed up here. Thats not the question. Stuart hed betray himself, hes betraying his campaign and his supporters. No, i dont think hes going to be betraying anybody. Hes going to talk about the issues that he cares about and why theyre important when it comes to the ballot box in the fall. I think thats almost exactly what youre going to hear, and youll know you heard it from me that thats exactly what hes going to do. Stuart all right, we believe that. Twelve Million People voted for Bernie Sanders in the primaries, twelve million. At this moment theyve got three choices pretty much; vote for hillary, vote for trump or stay home. How many do you think will vote for hillary out of those 12 million . Do you think all of them will vote for hillary . Well, i dont think all of them will vote for i any one of the individual candidates stuart okay. You know where im coming from. Well, what the polling data shows you is, obviously, both parties have still challenges to unifyeven up to and through their conventions as well. Institute thats not answering the question. How many of the 12 million your question is all of them. Stuart how many of the 12 million will vote for hillary. . Today what the polls tell you is youre somewhere around 90 . You see this after each one of the conventions just like republicans will continue to unify, democrats will in turn. When people talk about how Donald Trumps not going to be able to unify the party despite the challenges, you see it in the polling data that he already is because people obviously come back together. Same thing is going to happen on the democratic side. Thats almost always what happens. Stuart as they say . Journalism say in journalism, only time will tell. [laughter] how would you like to go back and be the dnc chair now as of this morning, would you like that . I think that the viewers of your show in particular will understand i know get to be the chairman of the Worlds Largest law firm. I spend my life in business, and thats a lot better than politics. Not only would i not want to do it right now stuart you would just not want to be chair. I would not want to be chairman of either one of the Political Parties right now. I think, again, what youre going to see here is democrats are going to unify, republicans will unify, itsal going to come down to independent voters in about a dozen swing states, and the challenge the candidates have is they have to be the candidate of change and optimism. Stuart one last one. Is it true that lawyers are the single most unified group of supporters behind democrats . [laughter] well, i dont know stuart yes, it is. Certainly a lot of lawyers who support democrats. Stuart thats very true, excellent. Joseph, we wish you the best of luck as head of the Worlds Largest law firm. Come and see us again anytime. Thank you, sir. I look forward to it. Stuart now then, serious stuff. Three attacks in the past week in germany, all involving migrants. First, the axe attack on the train that injured four, a machete attack after a fight or a dispute with one woman hacked to death. And just last night an isis suicide bombing outside a music concert. Robert spencer is with us. He is the director of jihad watch. Robert, welcome to the program. Thank you. Stuart i get the distinct impression, and so do our viewers, that the pace of these incidents is really speeding up. It is, and its going to get worse. This is just the beginning. Stuart why . We have to remember that the Islamic State or isis has repeatedly declared its intentions of sowing just this kind of mayhem in the west, repeatedly called on lone wolf attacks. They threaten inside february 2015, they actually warned that they were soon going to flood europe with 500,000 refugees. That doesnt mean theyre all jihadis, but theres a significant number of jihadis among the refugees, that cannot be denied. Its been wildly successful. Stuart then Angela Merkel who invited them in september of last year, i think it was two million, come on in. Opened the borders. That was a disastrous mistake for europe and certainly for her. That would have been tantamount to saying on december 8th, 1941, we invite any citizen of the japanese empirecome and settle in the united states. There is a state of war between isis and the west. And the west is pretending that the war doesnt exist and enabling it to, enabling the enemy to advance. Stuart what about us here . We want to take in i dont know the exact number, but im told its around 80,000 muslim migrants from north africa. They want to bring them in here. What do you say to that . That is guaranteeing that there will be more jihad massacres like we saw in orlando and San Bernardino here. Remember the tashfeen malik, the San Bernardino shooter, who had passed five separate background checks. They all saw nothing in her background, and she was an isis operative. Shes not alone. There are going to be plenty more like her. Stuart pope francis is visiting poland, or wednesday of this week, i believe. The poles want to keep out these my grants, the pope wants more of them in on humanitarian grounds. What do you make of this . The pope is actively enabling the suicide of europe. Stuart but hes acting as a humanitarian. Yes. Stuart lets remember 3,000 migrants have drowned in the med mediterranean just this year. Saudi arabia has thousands of tents that lie unused all but tenties of the ten days of the year. They could take in all those people. Stuart why dont they take them in . They will not because they freely acknowledge that there are terrorists among them which if we say, were charged with racism and bigotry. Stuart give me the end game here. If, as you say, these events get up, they get more common constantly almost, whats the end game for europe . Is it civil strife . What is it . I dont see how it can be avoided. This is going to be happening on a regular basis now in germany, and its going to spread to the other countries, and at a certain point people are going to fight back. Stuart you have just written the complete infidels guide to iran, is that correct . That is correct. Stuart is it published yet . It is available from Regnery Publishing at any selfrespecting bookstore. [laughter] stuart you got it in nicely, robert. Thank you, sir. Thank you. Stuart much obliged. Lets take a look at that market, its no dong longer no longer down 100 points, a mere 97, and we have most of the dow stocks in the red. The democrats National Committee will have a massive chain link barrier to protect their convention from protester ors. We have details on kind of a wall. And race front and center at the dnc this week. The mother of Michael Brown, the man killed in ferguson, missouri, last year after allegedly attacking a cop, she will be speaking at the dnc tomorrow night. Well deal with that issue in a moment. Multiple medications, does your mouth often feel dry . A dry mouth can be a side effect of many medications. But it can also lead to tooth decay and bad breath. Thats why theres biotene, available as an oral rinse, toothpaste, spray or gel. Biotene can provide soothing relief and it helps keep your mouth healthy too. Remember, while your medication is doing you good, a dry mouth isnt. Biotene, for people who suffer from a dry mouth. Im Nicole Petallides with you fox business brief. Down a hundred right now on the dow after four weeks of gains and records last week for the dow and s p, we do see a pullback here today, 18,471, just about ten points off our earlier lows. S p down 11, nasdaq down 11 as well. Were waiting for the ped this week, bank of japan and lots of earnings. Energy was the worst performing group last week, it is the worst performing group again today. Were watching for exxons earnings later this week. General electric and also unitedhealth. Take a a look at the retailers here, we have Urban Outfitters as well as gap and elle brands all gaining, urban you fitters, Deutsche Bank raising the price target there. And some good 23450uz from wells fargo on the gap. Watching sprint, revenue beat. Movings, basically to a 17month high. If you have medicare parts a and b and want more coverage, guess what . You could apply for a Medicare Supplement Insurance Plan whenever you want. No enrollment window. No waiting to apply. That means now may be a great time to shop for an aarp Medicare Supplement Insurance Plan, insured by Unitedhealthcare Insurance Company. Medicare doesnt cover everything. And like all standardized Medicare Supplement Insurance Plans, these help cover some of what medicare doesnt pay. So dont wait. Call now to request your free decision guide. It could help you find the aarp Medicare Supplement plan that works for you. These types of plans have no networks, so you get to choose any doctor who accepts medicare patients. Rates are competitive, and theyre the only plans of their kind endorsed by aarp. Remember these plans let you apply all year round. So call today. Because nows the perfect time to learn more. Go long. Stuart now, one of the reasons that the stock market is selling off a little is the price of oil is selling off a lot. Its at 43 a barrel, its down over 2 . It was at 50 just last month, so the down trend there is beginning to hurt stocks a bit. Look at this, this is big oil companies. Their stock prices down, what, two Percentage Points, Something Like that, and thats hurting the overall market as well. Now, the Democratic National committee will have a massive chain link barrier to protect their convention from protesters. Im going to call it a wall. How big is it . Huge wall. Yes, the beautiful dnc border wall. Its a fourmile, 8foothyphens, acres and acres surrounding the Wells Fargo Center, thats the philly Convention Site for the dnc. This as thousands of prosanders supporters hitting the streets, they are fired up after the wikileaks disclosure basically indicating Bernie Sanders was iced out. So that fence has been put up. Stuart you know, youre right, liz, i should have asked Joseph Andrew whos a former dnc chair, i should have asked him, what about these protesters who are saying im not going to vote for hillary . Be theyre out on the streets saying it, hes saying 95 of sanders voters will vote for hillary. There have been all kinds of calls to arms way before the wikileaks thing came out. They knew that there were going to be tens of thousands yeah, thats true. The its been in the works. Protesters coming out, and the jolting of the narrative that the gop was dealing with all this disruption because of violent donald trump, etc. , its all been fabricated. There was nothing in cleveland. Philadelphia could be really a very difficult four days. Stuart i hope its not, but youre right, it could be in direct contrast to the republicans. Hence, the wall. I love the wall. [laughter] as the heat wave, and the heat wave is descending on the city right now. Yeah. Its not going to make people happy. Stuart summertime, right . Summer in the city. Stuart youll never get over this, lizzie. I will not. Stuart serious stuff. The mother of Michael Brown, the young man killed in ferguson, missouri, last year. Allegedly hed been attacking a cop, but he was shot. The mother, that lady right there, will be speaking at the dnc tomorrow night. Jonna caldwell, republican strategist, joins us now. Why did the democrats invite the mother of a victim of police activity, so to speak, but nobody was invited to represent those dead Police Officers at the convention . Why not . First off, thank you for having me. I know this is an attempt by the democrats to do what they do best, paneledder to africanamericans. They wanted to appeal, and they did not want to invite any Police Officers because in a lot of ways when we hear the rhetoric either from president obama, Hillary Clinton or anyone else, it is anticop, its antipolice. Further, and since this is a black issue and they want to appeal to africanamericans, i found it to be very interesting with this wikileaks scandal that we saw that Debbie Wassermanschultz and the Democratic Party were actively, actively looking to tear down a man in Bernie Sanders who has had a career of being supportive of africanamericans and africanamerican causes. We saw him at the university of chicago being chained to a black lady protesting for civil rights, and the Democratic Party, they want to pander and get the support because black lives dont matter, its black votes that matter to them. They want to continue to get that support but not advance the agenda of somebody like Bernie Sanders who actually cared about africanamericans. Stuart you know, youve used the word pander four times in the last 45 seconds. Thats a very, very strong word. Very strong. Stuart its almost racial in its nature. Youre pandering to the africanamerican vote, youre kidding them along. Thats strong stuff. It is strong stuff, but we need to call this what it is, and it really disappoints me, its really discouraging, the fact that theres a whole community of people who are not seeing this for what this is. I mean, even the Bernie Sanders folks, like some of the really hard core folks 15 minutes ago on fox news channel, they interviewed a lady who said im disappointed about the wikileaks situation, and im going to vote for whatever hurts Hillary Clinton the most. The thing shes represented, the policies shes advocated for time and time again has been draconian to the africanamerican community, and we have to wake up and smell the coffee. Because theyve got plenty of cream and sugar, but its the really not [laughter] stuart thats good. Okay. Look, 90 of the africanamerican vote goes to democrats, and thats been true certainly the last two president ial elections. Yeah. Stuart why are you bucking the trend . Your a young youre a young black man. Why are you a republican . Well, for a number of reasons, one of which i grew up in a very religious family, and the Republican Partys all about protecting the rights and religious liberties and freedoms of those individuals. And thats something thats very, very big, being a christian. Even being on your air right now, i know i couldnt be here if it wasnt for gods favor that placed me here. I acknowledge that. Additionally, even if you dont like the Republican Party, you dont like the policies, you think it hasnt been for you, the reason im here is to get my voice having grown up on the south side of chicago and tell them my view. I can influence the dialogue and the policies moving forward, but youve got to be in the game in order to do that. Thats the reason im a republican. Stuart got it. I know were going to see a lot of you this week. Thanks very much, sir. Appreciate it. Thank you. Stuart this is Debbie Wasserman schultz getting booed and heckled at the dnc delegate breakfast this morning. Watch this, please. We have so much to do, and we have to make sure that we move Forward Together in a unified way. We know that the voices in this room, that standing up and [inaudible] we know that thats not the party that we know. The party that we know is United Stuart the bernie people gave her a very hard time there, and lets not forget, liz, tonight to begin the convention Debbie Wasserman schultz gavels it to order. She will be appearing in front of all those delegates. Yeah. I really dont know why theyre allowing her to do that. Thats inviting trouble. Look, the whole narrative has been about how chaotic the Gop Convention was going to be. It looks like now thats whats happening in philadelphia instead. Look, this thing isnt over. There are a lot of other emails that are going to come out. No one yet has tied clinton herself to this whole effort to block Bernie Sanders campaign. That could still happen. I think this is a huge mistake. It just keeps the story going. Stuart you know, this is not just limited to the dnc undermining Bernie Sanders not at all. Stuart there are stories of a journalist putting his stories to the dnc for, you know, is this okay . For approval. Exactly. Stuart for approval, essentially. There are stories of dirty tricks like creating a false trump ad, making him look bad with women. I believe that so theres dirty tricks, theres journalists involved here. Miss brazil, the lady who has taken over as chairman of the dnc, shes mentioned in these emails as well. Its not over. No. And Debbie Wasserman schultz has not had a problemfree career. I mean, they have wanted her various factions, including hillary at one point, wanted her out several years ago. She was cochair of hillarys campaign, and in the final stretches went behind her back secretly to obama and said im in if you want me. So, you know, shes a very shes viewed as being very selfpromotional, very tied up in her own career. Stuart shes now become the honorary chair of hillarys campaign. And i would say that is she has always credentials that she likes. [laughter] stuart terrible, you people. Exactly. Stuart virginia senator and next, ive got details for you on the expensive gifts that tim kaine received. Remember, he is the democrats pick for the Vice President ial candidate. Stuart virginia senator, democrat pick for Vice President , tim kaine, under scrutiny for expensive gifts he accepted as a senator. Give me the list, e. Mac. A trip to the final four ncaa game to watch George Mason University and an 18,000 trip to the caribbean islands in the west indies valued at about 18k for a weeks stay, and 5500 worth of clothes that he got. This came from political supporters, also a facility in virginia and dominion stuart im im sorry, im goino dismiss that as nitpicking because its not against the law. Thats correct. To your point, this is hen he was Lieutenant Governor and governor of virginia, and at the time there were very lax rules. He didnt break any laws. The optics are not great. The law said you just had to disclose it. Stuart desperate to do something nasty to tim kaine. [laughter] i know. It isnt illegal. It doesnt look great though, right . And unfortunately, what is Hillary Clintons biggest problem . People dont trust her. People think that she has accumulated an enormous amount of money it plays into the narrative. And it works to have this guy as her running mate. Stuart show me the price of oil, can we do that real fast . Its getting close to 42 a barrel. Thats why the stock market is down. And i think its all because of this article in the wall street journal, it says millions of barrels of oil are being stored in locations outside the scope of industry trackers. In other words, theres a whole lot more oil that we dont even know about it. Stuart theres a glut and weve got a tripledigit selloff. Stuart thats right. Its the webster relationship. Ive still got a few seconds. [laughter] 20 seconds left. Its the webster ratio. Lets repeat that. Yes. For every dollar drop in oil, its 100 points in dow. Stuart stop smiling. [inaudible conversations] at the end of the day, theres simply too much stuart quiet on the set. Im sorry. Stuart more varney after this. [laughter] stuart 4 p. M. Eastern time, that will be this afternoon, on the fox news channel. Ill be sitting in for neil cavuto on the your world program, thats 4 00 eastern time. And by the way, our guest will be Reince Priebus, the chair of the r, this c. Whats he got to say with the troubles for the chair at the dnc . Charles payne, its your time now. Charles she had a lot to say about him a week ago, so that should be great. [laughter] thanks a lot, institute. Well, the Democratic National convention kicking off, and already its off to a rocky start. Welcome to cavuto coast to coast, im Charles Payne in for neil. The democrats pushing away from this controversial email dump, but republicans just arent letting them. Donald trump tweeting here we go with another clinton scandal. Crooked hillary knew the fix was in, Bernie Sanders never had a chance. And its not just republicans who are riled up. Listen to former congressman Dennis Kucinich on fbn this morning. Do you think Bernie Sanders should do more here . I actually think its time for him to consider withdrawing the endorsement, because its