Transcripts For FBC Varney Company 20170822

We have a new approach in afghanistan. Neighboring pakistanis on notice, donald trump not happy about terrorist sanctuaries in pakistan. He said we are not leaving, we are going to win. He stayed on script, his tone was measured, he was president ial. After a difficult summer his supporters hope this is a new start. He heads to arizona for an oldstyle rally. The markets, your money, we will open higher with 400 points from the dow record, we had a dip, Morgan Stanley says buy it and evidently some people are. Politics a come back for trump, money, cut back to stocks, maybe, varney and company is about to begin. We are a partner and a friend but we will not dictate to the Afghan People how to live or how to govern their own complex society. We are not nationbuilding again. We are killing terrorists. Stuart you heard it and saw it, the president laid out his new strategy for afghanistan. As a candidate he said he wanted out. As president after sitting in the oval office he concluded we have to stay. More on that in a moment. An update on the uss john mccain, divers found the remains of the 10 missing sailors and new concerns the collision could have been caused or had some relationship to a cyberattack. Look at this from navy chief admiral richardson. To clarify, possibility of cyberintrusion or sabotage, no indications right now but review will consider all possibilities. Mary kissel, of the wall street journal editorial board, quite a development or is it . I dont know what is more deserving, the idea there could have been a cyberattack on the john mccain or the ideas that you had the complete systems breakdown all the way down the chain because a collision like this should never happen. Stuart talking about a technical system . I am talking about that but also human error. There are physical human beings standing on about of these ships as lookouts to prevent a collision like this from ever occurring. A cyberattack would be very concerning but theres a reason admiral richardson put a pause on naval operations. That is a very serious and significant step meaning there might be deeper problems in the navy. Stuart coming at a time when we are in that area of the world with significant naval power opposing more missiles, the timing couldnt have been worse. Terrible timing. The u. S. Navy is the deterrent in the asiapacific region not just against north korea but china. A lot of ships patrolling up and down the coast watching what the chinese do whether it is submarines or destroyers or other kind of ships. It was right of admiral richardson to order a pause but congress could get involved here, we cut funding for the navy for years. There is a high tempo of deployment, we have to step back and say are we giving our sailors the training and equipment they need . Stuart to close this out, if there was any suggestion or proof that this was the result of a cyberattack that is an act of war. Before we jump to war admiral richardson said no indication of that. Lets see what the facts tell us. Stuart it would be considered. We lost lives here. Stuart this is a senior admiral who used the word cyberattack, he put it in a tweet in relation to this fullscale review. That is an Interesting Development any way you slice it. Thank you very much indeed. Lets get to the president s address to the nation on afghanistan. He is sending more soldiers and we are therefore staying. How is that going down with people who served . Dave sears was there. Let me ask you this. What is winning . The president says we can win. What is winning to you in afghanistan . Great question. What is winning to me in afghanistan is us getting out of afghanistan with our troops in tact and afghanistan no longer a complete safe haven for terrorists. Stuart it seems like afghanistan is developing into like a correia where american troops are there filling the vacuum for decade after decade. You are okay with that if the same happened in afghanistan . No. I dont like this decade after decade. I dont want my kids fighting in afghanistan and their kids and their next generation going, people compare this to correia. We have been there since 1950. There are two different places that need to be treated differently. Stuart would you like to get out of afghanistan . I would. Absolutely i think we should. The whole question but i reject the notion, the idea that if we leave a vacuum as we did in syria or iraq, there are different places, the taliban has different goals so you need to look at this from a different angle, there were good elements of the president s speech but there was also pieces that concerned me. Pieces of more of the same. Show me how it is different. Stuart you know other people who served in afghanistan, you were a navy seal, served a couple years i believe, how do other people feel about this, did they share your sentiment that we should get out . Theres quite a few that do. Obviously it will be a little divided and the closer you are to the problem, when you are a steel, your job is to go to war, to train, those are things you are embracing. It doesnt matter to some extent where your country calls you to serve, you want to serve. As you get more distance from the problem and get more objective, why are we here . Why is this in the National Interest . Why are we expending this blood and treasure, for what reason . I didnt hear that last night, i heard the same old rhetoric rehashed a little bit. Stuart to finish this out you would like to see us leave period, immediately . It can be a staged withdrawal. I agree with donald trump you dont advertise what your strategy is going to be or tell how many troops you have coming in or how many you have coming out, that is a smart move. But i think we need to have a plan internally to get out of there. This is a financial program. A traitor who is good has an exit strategy, right . You have to have an in and out. You make a lot of sense and we appreciate you being with us. Come back next time as a financial analyst, you are all right. Speaking of money lets look at what we are doing with the markets. We will be up 60 points, dow industrials will be not close, 22,000 again but we will be up with the opening bell. Look at blue apron stock. It is going to be down. It is down premarket and will be done when the market opens, not that much but 5 a share. Multiple lawsuits alleging blue apron misrepresented customer retention rate, how many customers stayed on as customers. Also questions about delayed orders and how much it spent on advertising before went public a few months ago, 5 a share blue apron, Johnson Johnson have been ordered to pay 417 million to a woman who has Cervical Cancer from using talcum powder. Is there a causal relationship established here . Some studies suggest that but the American Cancer Society characterizes no clear link, possible link. That is how the council has a too, the weight of evidence does not support a link but Johnson Johnson, 4800 pending claims over talcum powder causing Ovarian Cancer. Juries delivered verdicts against this company, more than 306 million in those verdicts, now 417 million, Johnson Johnson is going to appeal it, they are saying there is no link here so this has been a battle royal between scientists on the one side is a theres a link another scientist to say there is no link. Stuart there is a giant Chinese Car Company called Great Wall Motors and is interested in buying jeep, the crown jewels of Fiat Chrysler. Tell me more. Ashley that is the word on the street, Fiat Chrysler says we havent met anyone from china but there is definite belief this Chinese Company very interested in buying the jeep brand and other interests in this company, could see the sailor breakup of Fiat Chrysler. The jeep brand is one of the first us autos to make it into china in the 70s, quite reviewed but because of chinese terrorists it was costing twice as much as it was for domestic we produced vehicles but this Chinese Company would love to get its hands on a big iconic automaker, no doubt about it even though the Chinese Government is trying to cut down on overseas acquisition, this is seen as a big one. Stuart back in the days of the bailout of the auto industry, the Obama Administration dusted up chrysler and then sold it to italys flagship hour. Now the crown jewel, great story. Check this out. It is not about amazon, walmart applying for a patent for a blimp that would fly maybe 1000 feet carrying a fleet of drones which would fly out of the blimp and deliver packages. Im going to call that a flying walmart warehouse. Coming to a neighborhood near you. Donald trump will hold a rally in arizona, lots of speculation he might advance a pardon for sheriff joe arpaio. How would that go over politically if he did it . Depends on who you ask, doesnt it . More division in the Republican Party, senator Susan Collins, republican from maine says she is not even sure donald trump will be her partys nominee in 2020. You will hear her say it after this. Nondrowsy allergy pill. It helps block 6 key inflammatory substances that cause symptoms. Pills block one and 6 is greater than 1. Flonase changes everything. Dfw is a shoe retailer, that stock is a winner today certainly premarket up 19 . It just recorded its first sales gain since 2015. The homebuilder Toll Brothers cut its forecast, . 50, 37. 75. This one, Dozens Injured in a train crash in suburban philadelphia. Ashley this came into the 69th street terminal in philadelphia. If that sounds familiar it should, something similar happened in february but there were three out of service commuter trains. This train hit an unoccupied train in the terminal. All of them injured to varying degrees, four seriously injured including the conductor and driver so trying to figure out what happened. Stuart donald trump visits arizona and a lot of speculation he will pardon sheriff joe a pio who was convicted of committing contempt by federal judge. Kelly ward is with us from arizona, challenging jeff flake for his Republican Senate seat. Welcome to the program, good to have you with us. Led to be here. Stuart lets suppose the president does pardon the sheriff, what are the politics of that on the ground in arizona . Theres going to be a lot of celebration in the streets and protest in the streets because as you know, he is a polarizing figure. For people on my side who believe in Border Security and stopping illegal immigration he is almost a hero because he was willing to do the job the federal government simply wasnt willing to do. Stuart do you want to see him pardoned . I do. There is a lot of political motivation behind what went into prosecuting sheriff joe. I agree with congressman franks and congressman biggs, three solid conservative congress men that this has to be considered. Stuart i want to discuss this with you. Republican senator from maine, Susan Collins says it is too the soon to say if donald trump will be the nominee in 2020. I didnt support the president when he was our partys nominee. That was a difficult decision for me to take which i have never taken it before. I wrote in the name of paul ryan. Will he be the Party Nominee in 2020 . Too difficult to say. Stuart clearly this is a split Republican Party you are trying to get into. What is your response . Just like all the never trumpers including my opponent jeff flake they are definitely on the wrong track. Donald trump has been very strong facing huge opposition from the Mainstream Media, from the left and establishment characters within the Republican Party and i think we should be looking at the things he has accomplished and the things he has planned. Look at the economy. It is projected we will have 3. 7 growth this quarter. That is unprecedented over the last eight years. Under barack obama we were growing at 1. 2, 1. 8, we never broke 3. For republican senators to be coming out and attacking the president is not good for unifying the party and not good for moving the country in the right direction. Stuart it seems donald trump is trying to reform the Republican Party. Are you on board with that, you consider yourself one of the new republicans. I agree he is trying to reform the Republican Party, to try to save the Republican Party from itself and i do believe im a member of the new gop, people who listen to the people who elected them, people who have a backbone and people who do the right thing. Stuart not sure i have the word right but you are primarying jeff flake. I am because if we and our party dont hold the people in elected office accountable, we are no better than the other side. Whenever people dont deliver we have to hold them accountable. Stuart thanks for being on the show this morning, you are up bright and early and we appreciate. Thanks very much indeed. More on sheriff joe next hour when andy biggs says yes, the president should pardon the sheriff. That will be at 10 30 this morning. The nfl getting political, a dozen players on the Cleveland Browns taking a knee during the national and preseason game last night, we are back after this. Stuart it is 9 23, the price of gold down 3, 12. 93. 11 Cleveland Browns players took a knee during the National Anthem before monday nights preseason game against the new york giants, they didnt stand up. That is what happened. Market watcher has something to say about this. Why would a man who follows the stock market know anything about this . I know about things besides the stock market. I want to inform everybody that is the Cleveland Browns are by far the worst team in the nfl, one in 15 last year so if anything they should be focusing on football and not making a political statement and one thing i noticed and fans should notice is if you look at teams like the steelers, the cowboys and the giants, three great teams, wellwritten teams, they are not having these issues so something to consider. Stuart you have something to say that is valid. I just want to watch a football game. Will this intrude on a sunday afternoon. Stuart i want the game. I dont want politics. Of cameras didnt show you what was going on and just showed the game with that be a bad thing . Stuart the sponsors, the tv Networks Want it to be an issue. It is rating this. Advertisers dont you cannot talk about football. Time is up. We are going to be up 50 points in the opening bell, cant wait for it, rearing to go on the market. We will be back. Parodontax, the toothpaste that helps prevent bleeding gums. If you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. Help stop the journey of gum disease. Try parodontax toothpaste. Whether its connecting one of or bringing wifi to 65,000 fans. Campuses. Businesses count on communication, and communication counts on centurylink. Times up, insufficient were on prenatal care. Es. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Stuart we have got 20 seconds to go before we open trading this Tuesday Morning, the dow closed around 20,700 so we are 400 points from the alltime record high, within striking distance given a couple good rallies. We will open a little higher this morning, 40 or 50 points, 5, 4, 3, 2, we are going. Here we go, Tuesday Morning, we are off and running. I see some green, a lot of green on the left, we are up 36 points from the getgo, 34 points, 41 points, bottom line, ladies and gentlemens we are up 50, we have opened hire pretty much across the board. Lets check the s p 500. Where is that this Tuesday Morning, it is a 12 45 somewhat similar to the dow. As for the nasdaq which is lost some ground in the month of august but it is up this morning nearly 1 2 and bottom line, righthand corner of the screen dow up 64. Fiat chrysler is down . 12 even though there is great deal of speculation that a big chinese automaker wants to buy the crown jewels, that will be cheap. Quietly goes down on that news. Johnson johnson slapped with a 400 million fine over talcum powder cancer risk, more on that coming up, down . 17. Blue apron facing multiple classaction lawsuits over not disclosure, nondisclosure of crucial information. That is the issue and stocks at barely 5 a share. Tuesday morning ashley is here and thank you for yesterdays hard work and elizabeth, terribly sorry, thanks for yesterday and the football experts got shellady know jeff zika is with us and Scott Shellady is still in london and with us. This one is for you. Morgan stanley here in the states says we have a dip for the dow industrials and stock prices, time to buy it. What say you . I am happy to see stockmarkets do well, how could you not be but they are doing well for the wrong reasons. We had 5 of those big stocks account for too much of these indices, almost a third of the s p moved this year, we are going up for the wrong reasons. If you are a market technician you want to see a healthy rise in stock prices, not just scattered. To some degree that is mirroring how the economy is doing so i want to see a broader base rally rather than the secular rallies. Stuart what do you say . I agree with that and investors should be careful of the research coming out of investment banks, they tend to be overly bullish but this is a narrow market with livestock up 30 . My issue is the market has traded based on rhetoric from the Trump Administration on taxcut and the regulation. Buying on the dip, this is not much of a dip. Stuart lets look at the dip in the 5 Big Technology companies. We follow them all the time, look at how they performed in percentage terms, amazon down 3 , apple up 6 , alphabet down 2 , those three stocks, facebook, microsoft, netflix, all of them down in the month of august, there is a dip, not a huge dip except netflix, would you buy any of them . No. I would not buy apple. I would be selling apple, i wouldnt buy them. This is not much of a dip. 30 up, 30 , stocks up on average, that is a big appreciation in a short time. What you are seeing is a lot of this liquidity that has been created and piling into these stocks is going to pull out at the same time. Dagen when will we see that . I think we will see the dip if we dont get any progress on tax cuts and deregulation. Dagen it is a week dollar and strong Global Growth. The Global Growth overseas translate to higher profits because the week dollar. Stuart that refutes the football experts point. Think about this. Market decline dramatically when there is rumor of gary cohen leaving the Trump Administration. That was not confirmed but stocks declined dramatically. Think about had. A dramatic decline based on one person i believe is the linchpin for the economic reform trump is preaching, that shows me we have a vulnerable market. Stuart pulling back from the enthusiasm of the past. Would you buy any of the big five with his minuscule dip we have seen in august . You are going to have to buy into these new highs and that is difficult. We all like to see them go higher and that doesnt mean they cant but we will have to have a reckoning and that will be on the other side, stocks catching up or down and beating 30 of the market cant go on forever. Stuart that is true. I have been away for a few days, went out of town, talked to a few people in the question is always the same. Should i buy more facebook . Should i buy more apple . Should i buy more google or whatever it is but those five stocks are the focus of all attention and i dont know what to say. What can i say . Call your broker. Stuart look at this. We are up 87 points, getting close to 218 again, 89 points coming up to roughly 1 2 higher. Dfw is a shoe retailer, a winner this morning, 21 higher. It just reported its first sales gain since 2015. Homebuilder Toll Brothers cut its forecast, it is down 1. 4 at this point. Weaker revenue, medical devicemaker medtronic down 2 and a new chip coming from intel, 40 faster, your laptop will have better battery life if this thing is in it, the chip debuts in the fall but intel is only up . 18. Here to me is one of the more interesting stories. China auto giant Great Wall Motors has some interest in buying Fiat Chryslers jeep, the crown jewel, american icon, what do you say . Ashley jeep has been expanding in china with two manufacturing plants. There is a definite connection here. Does this mean a sale of the company as a whole or will they break up . Also speculation volkswagen will look at buying alpha romeo, this would be a big split up. Stuart they will break apart. Liz we havent heard from the United Auto Workers union so we dont see a lot of roadblocks to this deal. We got a red one. Stuart say that again. I agree, we got rid of a roadblock, steve bannon. He wanted the fight with china and now that he is gone that will be a lot easier and it was two years ago we were talking about smithfield, largest core producer bought by china, a big kerfuffle and then havent heard anything so this looks like it could be easier done today and two weeks ago. Stuart i want to move on to Johnson Johnson, another big story, they have been ordered to pay 417 million in the trial of the talcum powder cancer risk. Give me the story. National Cancer Institute says the weight of the evidence does not support a link from the use of talcum powder causing Ovarian Cancer, American Cancer Society, all the studies suggest there is no link. Most they can come up with in terms of a consensus, possible link, possible. Those four juries, more than 306 million given out already, in this case 415 million given out in one case so we have Johnson Johnson revealing 4800 pending claims going to appeal these verdicts. The question for Johnson Johnson and the other Consumer Companies when you have this much litigation centered around the product, how do you handle it . In the case of Johnson Johnson they have thousands of these cases piling up against them so investors how to look at how this affects the stock price and should Johnson Johnson offer a global settlement in order to hedge any diamonds that might be done. Stuart why is stock down . 14 . I dont get that. I believe there is appeal, there is going to be an appeal. A lot of comments. Stuart if it goes against them in the long run, a huge problem. Blue apron stock is down again, actually dead flat, unchanged completely, hit with multiple classaction lawsuits about the information it disclosed before it went public, would you touch blue apron at 5 a share . This is a train wreck from day one. Amazon is going to annihilate them but i want to Say Something. What you see with his litigation after companies go public you have the lawyers crawl out of their holes and file litigation against these companies for not disclosing things i am not saying blue apron disclosed everything they should have but every ipo even facebook when facebook declined every ipo you have a team of lawyers coming in filing lawsuits to try to generate fast cash, a very bad precedent because if you are smart you will look at a company like blue apron and say i am not going to buy that after it goes public and you wont have buyers remorse and hire a lawyer because you lost money. Stuart imagine if huber went public, what would the lawyers do . Taken to the cleaners. That is a good argument for not going public. I want to get to walmart. Taking a cue from amazon again, they have applied for their own drone, more than that, that is a blimp. A blimp. Apply for a patent for that blimp which would send a fleet of drones from the blimp to delivered directly to you. Stock is at 80 a share. You see this coming in our lifetime . We are being this technology is being forced upon us whether we like it or not, driverless cars, drones delivering pizza. It is all a real nice idea right now but when it comes to it happening, we are a ways off. Technology makes things happening faster than we think but at the end of the day we have to see a big consumer demand to one these things to happen tomorrow. I dont think we are there yet. I like the idea to think outofthebox, at some point they will get there but i dont think it will happen. Stuart if one of those were in the uk you would deploy from a blimp and it would end up in norway. 15 miles an hour. Good luck with that. Stuart great to be back and thank you very much, good stuff today, thanks very much. We are almost up 100 points. We are back above 218, a rally. This could be bad news for facebook. According to a study it is user based among young people, 12 to 17yearolds, that user base is shrinking after an alarming rate. We will tell you which social Network Teens by using instead. Strong criticism of donald trump from two of the biggest names in money, we will tell you what lloyd blank fine saying about the commander in chief, we will be back. Stuart it is Tuesday Morning rally up 160 points the 218. Teenagers, we are told, are leaving facebook in droves. Tell us where they are going. Reporter say hello to snapchat. Facebook is slightly higher and the big picture is facebook, facebook and instagram, under the facebook umbrella, what we are seeing is the 1217yearolds shrink by 31 2 , the first time ever. They are seeing growth in instagram but snapchat is the winner here overall, that has been on the move to the upside. Snap had a stellar week up 18 on a relief rally, so many worries about expiration and weak earnings, 18 gains last week, it is gaining 2. 7 again. Stuart thanks very much. From politics lets get back, we stay on money, two big money guys critical of donald trump. Goldman sachs chief lloyd blank fine and Billionaire Hedge Fund manager ray doughty. Which the moon wasnt the only thing casting a shadow across the country, we got through one, we will get through the other, mixing politics and the eclipse. Politics will probably play a greater role in affecting markets then we experienced anytime before in our lifetimes but in a manner that is broadly similar to 1937. I continue to closely watch how conflict is handled while tactically reducing our risk to it not being handled well. Steve cortez, money guy and Trump Supporters. I am reading below the water. They are critical of donald trump. Is trump losing the world of money . I dont believe he is. He may have lost the world of billionaire elites and ceos to have a wonderful time during this economic expansion but not losing the American Worker who had a dreadful time during the slow economic expansion that has been no expansion for them. What we are seeing from a lot of ceos is a real elitist condescension. When they say things like a shadow dissenting over the country i beg to differ, it is not dusk in america, it is morning in america, the economy is accelerating, that is not my opinion, that is the data, the earnings, optimism is exploding in the land, the border is under control for the first time in decades, neil gorsuch is on the court, it is morning in america under the leadership of donald trump even if some of the elites dont recognize that. Stuart something that might be a negative, Mitch Mcconnell reportedly talking about tax reform being revenue neutral. I dont like the sound of that because revenue neutral deal wouldnt stimulate the economy. I dont need to be pulling my hair out because of statements like this from Mitch Mcconnell. Mitch mcconnell has 18 Approval Rating in kentucky where donald trump has a 60 Approval Rating so Mitch Mcconnell needs to get on board with the American People and realize being penny wise but pound foolish when it comes to taxes is a major mistake and a mistake which this country cannot afford. When i hear revenue neutrality i want to scream back to them it is our money, not your money, doesnt have to be revenue neutral. What we need is stimulative policy, reduce regulations and reduce taxes so the economy can grow the way it is capable of. Stuart that is going to be the fight, thanks for joining us as usual. Tuesday morning, 28 minutes into the session, the dow is up 100 points. Morgan stanley says by the dip, evidently people are, a sea of green on the lefthand side of the screen. Looks like trouble for Johnson Johnson, 400 million to a woman who says j js talking powder gave her Ovarian Cancer. Is there a proven link between talcum powder and cancer. Doctor mark siegel has the answer after this. Hello, this is adt, is everything ok . I could hear crackling in the walls, and my mind went totally blank. All i remember saying was, my boyfriends beating me and she took it from there. When a fire is going on, youre running around, youre not thinking clearly, so they called the Fire Department for us. And all of this occurred in four minutes or less. Within five minutes. I am absolutely grateful we all made it out safely. Its kind of one of those things you cant even. You cant even thank somebody. People you dont know actually care about you. To protect what you love, call 1800adtcares 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. 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These are the only Medicare Supplement insurance plans endorsed by aarp, an Organization Serving the needs of people 50 and over for generations. Plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. Remember, medicare doesnt cover everything. The rest is up to you. Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. Stuart here we have it going up some more, 116, that is a rally this Tuesday Morning. Johnson johnson paying 400 million in the talcum powder cancer risk case. Doctor mark siegel, is there an established causal link between this kind of talcum powder and cancer . There is no proof. In harvard looking at many studies over the years a 30 increase in Ovarian Cancer if you use talcum powder causing inflammation. None of those studies of the Gold Standard where a bunch of women, given talcum powder and a bunch and dont given talcum powder and see who gets Ovarian Cancer they are not willing to do that until they do that they cannot prove this. Stuart it is a statistical link as opposed to a genuine causal link between the two. Exactly right. There is an association and not all studies have shown it, some have and some havent, the thing about as best us, they have taken that out. That is out. It is an issue of talcum powder without is best us. It is different so there is no causal link and i predict they have grounds for appeal because they have not shown proof. Stuart i am sure they will appeal. Four juries when you look at studies you find an association, not proof. Stuart that is what they are looking at. And association when they need actual causal proof. It is not there yet. I am not recommending people use these products. Im saying no proof. Stuart i sold this headline in the Washington Post, trump briefly glanced at sky without protective glasses, the horror. Can you imagine such a dreadful faux pas, is he in danger of going blind because of this . No. I was on tv yesterday talking about those glasses and i feel strongly about that, the reason i was talking about that is people are going to stand there ogling and if you just looked in retrospect, the day after if you look and glanced at the commanderinchief you are fine. Always attacking him for everything. It shows he is human. He put the glasses on afterwards. Stuart dont you get sick and tired of the good advice industry. How about a weather forecaster who always ends with dont forget the umbrella and wrap up warm, it is going to be chilly, good advice. What is a few drops of rain on your head . Stuart what do you say . Janice dean is on the show later to talk about the special glasses you need to look at the eclipse and the umbrella when you go out. She is a great weather person but if you accidentally glimpsed, no problem. If you glared you could have a problem. Stuart i looked right at. We stuart i dont live in fear. I dont live as a prisoner of my fear. We got to go. Liz things like free lasik surgery. Stuart can you still read the prompter . Here is what it says. It has been a good summer for the democrats. They have been feasting on Donald Trumps problems, bashing the republican left, right and center so if the republican ideas are so bad what do democrats have to offer . You will get my opinion, right at you, top of the hour. When you brush or floss you may have gum problems and could be on the journey to much worse. Help stop the journey of gum disease. Try parodontax toothpaste. Stuart the left has had a wonderful summer. They largely avoided negative pub list tivity they feasted on the president s president s trouble. Shifted away attention from their own failures. This is unfortunate because the left should be under close scrutiny. What do democrats have to offer if republican ideas are so bad . Answer . Not much. How about a democrat growth plan . Theyre offering a better deal but it is vague and frankly same old, same old, beat up billionaires and big companies. Just a focus groupapproved slogan. How about a wage growth . Their idea is legislated 15 an hour. It is not working. Entry level jobs are drying up as technology and automation take over that is a failed policy. Medicare for all is to create the obamacare mess they created. That doesnt lower medical costs. How do you pay for it . That brings us to tax the rich. Bear in mind they will not tax wealth of wealthy supporters, just income of the striver class. That doesnt grow the economy. Democrats cling to contempt for oil and gas, they hate fracking which cut the cost of heats homes and made america the dominant energy power. Health care, taxes energy, these are issues that affect most of us most of the time. Those are not issues media puts in front of us. These are not issues democrats dont want to talk about. If you dont have any new ideas, your old policies are failures you change the subject. Try this is the summer is coming to an end. Time to bring democrats out of their policy hibernation. Lets discuss how to grow the economy. Talk about Getting Health Care costs down and wages up. I doubt it will happen. Look at Washington Post. Trump is irresponsible for glancing at the sun without protective glasses. A oped questions sanity of our president. Another article is scornful towards the treasury secretarys wife because she posts a fashion brands she wears on social media. Much easier to do than bring up the absolute polity of serious thinking within the Democrat Party. The second hour of Varney Company is about to begin. Stuart producer, kc, youre a genius. You are a genius. To come up with that particular song at this particular time, the media says the president needs some help. Hysterical reaction after he reviewed the eclipse for glancing moment without sunglasses. The world is coming an end. This is rally, ladies and gentlemen. Were up 118 points. I think that is the high of the day just about, up 118. Tech stocks, apple is up, 1. 2 . That boost for apples stock is helping the overall dow industrials, because apple is a dow stock. So is microsoft. Facebook up, amazon, alphabet, theyre all up, the big five all on the upside. Quickly a big gain for dsw, a shoe retailer, recording its first sales gain since 2015. It is up 22 . Elf beauty, do makeup and beauty products. That stock hitting alltime low today, down another 7 . A chinese carmaker, Great Wall Motors, is reportedly interested in buying jeep. The crown jewel of the Fiat Chrysler combo. Joining us jack howe, barrons senior editor. That is the crown jewel of Fiat Chrysler if china buys them or anybody else, the story is the breakup of Fiat Chrysler . I think so. A lot of jeeps are made in china already. I dont know if it is such a drastic change for america. We have two strong companies. I dont know what opposition will look like for this deal. I dont know how well jeep would perform under chinese ownership. Stuart why . Well, under american truck buyers, when they, i mean i guess there already have been ownership changes for jeep. American truck buyers, will they want to buy, untested so far. A chinese truck, will that sell well in america . Stuart how about bud wisers . Right. Stuart the Parent Company is a belgian company. Has bud sales gone down because of that . That is an excellent point. They have market shares of issues in the u. S. I dont know when you saw a bottle of budweiser. I saw one on the golf course. They replaced the budweiser with america and looked like a flag wrapped around bud wisers. I think theyre struggling with market share. Stuart that is a fair point. Talk about walmart. They seem to be emerging as a principle competitor of amazon. Walmart is expanding the Online Grocery Delivery Service to two more cities, okay, it is an expansion, and that thing on the screen is a blimp. They have a patent for it. Its a blimp. It would house drones that fly out from the blimp and deliver directly to you. Ignore the blimp for a second. Can you drop the food in my mouth . Stuart it is coming. Give a few years. Ignore the blimp for a second and talk about walmart really is the big competitor of amazon, the only serious competitor. It is the only company with a scale to compete with amazon. I know amazon is killing everyone and everything, but be fair to walmart, they turned consistently turn ad decent profit there, and yet to be proven amazon can do the same in retail at walmarts profit levels. People look at walmart as an alternative Going Forward. I would like to see the crazy experiment if they want to go through, cycle through a lot of experiments. That is what amazon does. They do something six months, if it works great, but if it doesnt, kill it. Look at stock price on walmart. It has been pretty strong lately. Stuart it has. What have you, liz . Liz best sales in five years. Half the sales for groceries. That is the play for amazon, will amazon, looks like it will, take on walmart with immediate grocery delivers . Stuart that is interesting. I think walmart is a great competitor to amazon. Well see how that turns out. Jack hough thanks for that. Joining us kristin tate from the hill. Im saying quite harshly, democrats are not running on issues that affect us. They dont have ideas that affect us. Theyre running on race, identity politics, statues. Im harshly critical of the democrats on that. How about you . Youre right on the money, stuart. The left has no unifying message, no uplifting, really no platform. They continue to run on identity politics. It is all about racism, sexism and homophobia. The state of the Democratic Party today is so sad. I dont know what happened to the party of jfk you know what happened to think from the what your country can do for but you can do for your country. Today that would probably be considered rightwing racism. The Democrat Party of today, Democrat Party of today just seems to be run by special interests and people who want to push victimhood. Very sad. Stuart am i going too far . Am i going too far because im saying i dont think the democrats have a growth plan. I dont think they have a real plan that would lower the cost of health care. And various other areas in which they dont seem to have any plan, any policy. 15 an hour minimum wage, that is a failure. Theyre clinging to it. Am i just being too harsh here . No. Youre right. The party has absolutely no solutions. The Democratic Party has become one of victimhood and seething hatred that despises free speech. It is absolutely despicable. I also think it is not effective. So i say let donald trump and republicans keep talking about jobs and economy and growth of. Let democrats talk about transgender bathrooms and tearing down historical statues. Well see who wins next year. Stuart look on other side of the coin. Look at republicans. Listen to what senator Susan Collinss of maine, what she says about the 2020 president ial race. Roll tape. I didnt support the president s when he was our partys nominee. That was difficult position for me to take. I have never taken it before. I wrote in the name of paul ryan. Do you think he will end up the partys nominee in 2020 . It is too difficult to say. Stuart the Republican Party is as divided as democrats lack ideas. Six of one, half dozen of the other, isnt it . This is just pathetic. I dont know why Susan Collins calls herself a republican. Consistently fighting against conservative values and against donald trump, and quite frankly when Susan Collins says something it means as much to me when Chuck Schumer says something. I give them the same credence. Youre right, establishment gop is as much as threat to the trump agenda as far leftwing progressives are. This is the kind of stuff we come to expect from the swamp. With regards to what Susan Collins actually said though about 2020, she might be right, stuart. Think about what donald trump is up against. He has 50 of the country and entire Mainstream Media consistently trying to take him down and make him seem like a modernday hitler. It is absolutely despicable. Meanwhile congress is getting absolutely nothing done when it comes to his agenda. Mitch mcconnell and paul ryan, these people ultimately going to have biggest impact on trumps future in the white house, whether or not they remain in the majority. They have got to get something done to further trumps agenda and what millions of americans voted for. Stuart while youre all fired up, kristin, let me ask you this, are you fired up about the Washington Posts headline that says trump briefly glanced at sky without protective glasses . Are you utterly outraged about this . You know, soon as i saw that photo, stuart, i knew that the left, and media would have a field day over this. Of course they did. Theyre using it to call trump an idiot. This is the kind of stuff make makes media lose all credibility. They grab every chance toe can to make trump look bad to tear him down. Gets to the point where it becomes noise. Theyre only playing to the far leftwing at this point. No one else is listening to these attacks. Stuart sure looks like it is comeback time for trump for the kirstin tate brigade. Thanks for joining us. Thanks, stupider. Stuart look at this. The tennessee titans, that is ashleys favorite football team, taking a break from practice yesterday, to check out the solar eclipse. The coach stopped practice five minutes before the eclipse reached totality so the players could take a break. Theyre wearing glasses. Sensible people. Coming up, President Trump sending we hear, 4,000 more troops to afghanistan and getting tough on pakistan. He says well win. What is a win in afghanistan. Were asking that question. The revolving door at the white house, steve bannon the latest staffer to leave. Well ask trump insider Corey Lewandoski is the Administration United . This is the second hour of Varney Company. Dont let dust and allergens get between you and lifes beautiful moments. Flonase outperforms the 1 nondrowsy allergy pill. It helps block 6 key inflammatory substances that cause symptoms. Pills block one and 6 is greater than 1. Flonase changes everything. Ltry align probiotic. N your digestive system . For a nonstop, sweet treat goodness, hold on to your tiara kind of day. Get 24 7 digestive support, with align. The 1 doctor recommended probiotic brand. Now in kids chewables. My business was going nowhere. So i built this kickin new website with godaddy. Building a website in under an hour is easy 68 of people. Who have built their website using gocentral, did it in. Under an hour, and you can too. Type in your business or idea. Pick your favourite design. Personalize it with beautiful images. And. Youre done and now business is booming. Harriet, its a double stitch not a cross stitch build a better website in under an hour. Free to try. No credit card required. Gocentral from godaddy. A hasti where drawl would create a hasty withdrawal would create a vacuum that al qaeda and isis would instantly fill just as happened before september 11th. We are not nationbuilding again. We are killing terrorists. Stuart all right. President trump last night vowing to obliterate isis and al qaeda, and send more troops to afghanistan. Joining us general anthony taylor, author after novel, besieged is its name. Well get to that in a second. General, the president says were going to win. What does winning in afghanistan look like to a retired general . Stuart, the president is very clear were transitioning from nationbuilding to defeating enemies of our nation. That is why we were there to begin with, deny sanctuary, defeat the enemy. That means technically, doctrinally to break the will of the enemy and to fight. He listed 20 groups, primarily the al qaeda, isis and the taliban. Breaking their will to fight, so far has stuart we havent done it. Economy of force. Stuart after 16 years we havent done it. Thats right. It was economy of force under w bush. Lets get out of there under obama with a timeline. The same time he announced a surge he announced when they were leaving. And what i know from boots on the ground over there, stuart, is that those governors and afghan commanders the taliban are sharpening their knives waiting for you to leave when that announcement is made. Stuart so we stay. Obviously we stay for years and years and years. It will be a bit like korea, isnt it . Korea, germany. Stuart literally for decades. Are you okay with that . Youre retired general. Do we want to take on a new commitment decadeslong in country like afghanistan . What i want to do, stuart is make sure the nation is safe. That is what the president is focused on denying sank wear. Stuart you have been in this business. Youve been a general. You commanded hundreds of thousands of people. Are you comfortable staying in that location for many, many years . Im very comfortable with it. Stuart why . Because we have two power projection platforms in bagram and kandahar, we look at pakistan, india, china. That is a regional presence for us we didnt have before. Stuart then afghanistan is a forward base . That is what it is. It is power projection platform and it allow us to have eyes on look what happened, stuart, iraq in face of arab spring and syrian civil war. We ripped out all intel and communications. Isis was born then. Two yearser this the quote, unquote junior varsity. If we rip out everything from afghanistan, the very same thing will happen. I can tell you boots on the ground in afghanistan, in 06, 07 as the Deputy Commander there, we stopped three planned terrorist events against the United States by killing and capturing people that intel told us were planning domestic terrorist attacks against the United States. So that is happening. That is happening every day. Stuart bring me up to speed on, well the navy has found some of the remains of the sailors lost in the uss mccain. And an admiral, a senior admiral put out this tweet, i think we have it on the screen possibility of cyber intrusion or sabotage, no indications. Review will indicate all possibilities. Im surprise ad senior admiral would raise the issue publicly like this. Shocking to me, what the navy this is the fourth accident in the seventh fleet in the western pacific. Issues beyond, could be a cyber issue. Stuart that is act of war. It would be an act of war to steer a merchant ship into a u. S. Naval vessel. And, you know, that would be, you know, who hacked it. Who steered it, et cetera. So, very careless in my opinion for that admiral to put that out. They should be conducting a review, looking at their processes training and Holding People accountable. Stuart congratulations on the book, besieged. Thank you, stuart is i was surprised to find a retired general is writing novels about military history. Thank you, stuart. Stuart besieged the name of the book. Ajtata. Two are critical of President Trump. One comparing the president to the eclipse. No he didnt. Yes he did. He did compare yeah, okay. That was a terrific tease. I didnt get it right. We will get it right in just a second. What a show this. So we need tablets installed. With the menu app ready to roll. In 12 weeks. Yeah. The world of fast food is being changed by faster networks. Data, applications, customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Fast connections everywhere. Thats how you outmaneuver. Stuart well, well, snap chat up again, 2 . Could be on a report from emark teter, that teens are fleeing facebook. Some headed to snapchat. The stock up. Beauty products coty. Higher cost. You know the brands, cover girl, clairol, within the brand of coty. Now this two big players in the financial world criticizing President Trump. Goldman chief lloyd blank feign, and hedge fund ray dalo. Wish the moon wasnt only thing casting a shadow across the country. We got one, well get through the other. Nasty sarcasm about the president. Ray dalio, politics will play a greater role affecting markets than any role in our lifetimes but in a manner broadly similar to 1937. I watch closely how conflict is handled while tactically reducing our work to it not being handled well. Jack hough, barrons guy. Has he lost the world of money. Let me tackle the second one. I wonder if the review evolved since election day. A lot of people thought there would be tremendous effect, dive for stocks. In fact the trajectory of the market and economy looks remarkably similar than it did leading up to election day. The broad story is resilience of American Economy and markets. Im not sure what kind of political effect talking about, something coming down the road. I dont see it. Stuart says he is pulling back from risk. That implies he is fetting out of some stocks. I hope that means today not six months ago. Stuart going into gold . Liz five or 10 . Stuart out of stocks into gold. Linking the president and performance of the economy. I dont know, i dont see the peg to the president. Maybe he thinks the market is price sir, i didnt think much of Lloyd Blankfeins oblique sarcasm and eclipse and President Trump. It is twitter. You have so much space to Say Something clever. This guy has different priorities, right . He run as big company, a big diverse company. Lets be honest, whatever you think about the president , there were inflammatory marks with regard to the White Nationalist demonstration. You cant run a big company, a lot of new york employees and not speak out about that. Stuart jack hough thank you very much indeed. President trump in arizona, a big rally to his base. He march according to speculation sheriff joe arpaio. Andy biggs is with us. He says that would be a great idea. Parodontax, the toothpaste that helps prevent bleeding gums. If you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. Help stop the journey of gum disease. Try parodontax toothpaste. Stuart breaking news on the coalition involving the uss mccain. Navy officials say, a cyberattack played quote, no role in the accident. Theyre clarifying the situation. Defense companies, their stocks at least on the rise after President Trumps speech on afghanistan. All of them are up about 1 . Except general dynamics. All of them, boeing, general dynamics, boeing, lockheed, raytheon, all on the up side. President trump holds a rally in arizona. There is speculation he could pardon that gentleman, sheriff joe arpaio. Our next guest says, yeah, he should do that, congressman andy biggs, republican from arizona. If the president pardoned sheriff joe, would that be taken as slap in the face to hispanic voters because sheriff joe challenged their immigration status, how would they feel about this. I dont think its a slap in the face to latino voters. You have to realize sb 1070 still remains popular with significant plurality of latino voters in arizona and that is reflex shun on the fact of rule of law. That is what sheriff joe was trying to implement, rule of low. Latino voters, or callingcation or any background, they tell you they want rule of law enforced. That is why sheriff joe was successful in arizona for so long. Stuart do you have any inside information that he will pardon the sheriff or closelyguarded secret until the last minute. I dont know if it will be closely guarded but kept secret from me until the last minute. Stuart is there a big crowd expected . This is a rally. Not a presentation. This is rally to get the troops back in order, rahrah stuff, isnt it . Absolutely. It should be a big crowd there in the building supporting President Trump and i anticipate a very large crowd outside opposing President Trump as well. Very dynamic. Stuart are you going to be there. I am going to be there. Stuart you will be associated with president as jeff flake, senator from arizona, republican senator walks away from him . Well, i didnt know he wasnt going to be there, but that doesnt matter to me. Im going there, President Trump is our president. I support the republican agenda. He supports the republican agenda, the things weve been trying to do, less taxes, repeal, obamacare, get a new tax reform package put together. Repeal doddfrank. Veterans administration reform. All these things were working on. I support those things. This president supports those. I will be there. Stuart speaking of nancy pelosi, former speaker pelosi, senator cory booker, they want to remove confederate statues from capitol hill, all of them. What is your feeling on that sir . Well the way i look at it is, that is trying to sanitize american history. Trying to impose 21st century values on 19th century. It belittles and negates conflicts where we come from. We have come a long way. Were not perfect. We never have been perfect as a nation. Weve been better than most i think. We respect freedom. Weve had this tussle. Looks like modern day book burning. We shouldnt do that we should recognize these individuals in the past were complex figures. We dont agree with everything they say. That doesnt mean, the fact in the i 19th century puts up a statue, does not mean we support slavery or raisism or bigotry. Would i take kids to the statues this is complex figure. He held slaves but supported the declaration of independence for instance. These are things that are in our history. We must confront our history. Not try to you are aboutry it. Stuart sir, we appreciate it you being with us. Congressman andy biggs. Well see you at the rally thursday night. Thanks, stuart. Stuart blue apron, uhoh, getting hit with multiple class action lawsuits. The stock is down barely above five bucks. What is happening . Basically worries about disclosure in their filings. Theyre worrying that they shut down a facility that made dinners. This stock is cut in half since the ipo. Within days going public, there was questions about the ability to function and continue as whole foods and amazon hooked up. The fact that there are class action lawsuits underway, against the stock, just act like a further boat anchor on it. Stuart the lawyers are claiming that blue apron didnt come out cleanly and fully in describing the nature of the company and the customer retention. Ashley retention rates. Liz what is called Customer Acquisition costs, costs to keep and hold customers within house. There is a lot of turnover. There is question about turnover of customers. Stuart why should uber go public . Because it would be picked over by the lawyers immediately. Ashley public scrutiny would be huge. Stuart public scrutiny would be devastating i would have thought. Liz thats true. Stuart that is me, reason why you have a Successful Company going. Why on earth would you want to go public . The money you can borrow against the established value of the company. Ashley why many dont go public. Stuart i think so. Blue apron liz ipos shriveled this year. Stuart now you know why. By the way, dow industrials were up 130 points moments ago. Now were up 116 points. We got that. Joining us now, shortly, within a few seconds, brian kilmeade. I have two headlines on football. The naacp calling for a boycott of the league, the whole league, until colin cap nick get as job. The other story a dozen players on Cleveland Browns, took a knee during monday nights preseason game during the National Anthem. Brian, come on in please, all i want to do. I like football. I want to see the game. I think im a fairly typical football fan, arent i . Say something bothered you at fox. Up to you to protest at work . No. If you protest on the air that is a problem because that is not what youre paid to do. If you have a program go outside of the building, give an interview. A lot of people are unhappy with america, whether Race Relations or who the president is. They want to support a backup quarterback to cant get a job yet, a little bit because of distraction in the locker room. This is totally inappropriate, out of control, it is going potentially could be dynamite in a bad way for this league. Stuart now the tv cameras, i noticed this, were all over the players taking the knee. Do you think that the tv cameras should ignore this no . Stuart not ignore it . Absolutely not. If youre a network you have to cover the news. If youre the nfl network you may choose not to, you own that, fine. If im cbs, fox, nbc, abc, you have to cover what the news is. The news is 12 Cleveland Browns in a preseason game on a knee instead of standing for the National Anthem. You are patriotic as come, most patriotic fans in sports, you have to tell your kid theyre kneeling down because they dont like the social injustice in the country, they dont like our military events in afghanistan, they dont like who won the election, i want to find out if my quarterback will be good, if my team will be successful, if my fancy league will produce dollars for me. Im outraged this got this big. Stuart do you think it will hurt tv ratings Going Forward . Bless you. Liz sorry. No question. Absolutely no question. Now look, there are behemoth, theyre mammoth, theyre huge, i get it. You talk about, they were down last year, ratings down, attendance down last year, still tops. They went up after the election a little bit. What john mayer a said of owner of giants, in all my years being in this league, i never received more emotional mail about that issue, kaepernick taking a knee. If any of your players, giants, ever do that we will never come to a game again. Youre hurting their business. You want to play sports and not make money, do it for the joy of the game, major league lacrosse. A great sport. Not a great spectator sport. You have to have another job. This is your job. Minimum pay is 500,000. Stand up during the National Anthem. Complain after the game. Stuart how do you feel about the eclipse yesterday . I picked out this from the Washington Post. They have got a headline that says, trump briefly glanced at sky without protective glasses. There is something similar from the New York Times. Brian, that is pathetic. That is absolutely pathetic. Theyre trying to tell us going after trump at all costs for any reason whatsoever. It is unbelievable. I thought he came out, did a nice cameo. Trying to avoid controversy, not going to the kennedy center. Glances up at eclipse. I missed it. I forgot it. I was doing one thing led to another i missed eclipse. We survived, right . Everyone survived . Stuart i looked at it, i was out on the street with thousands of other people. We awe looked up. The sun and eclipse went behind a cloud. You could see it very, very clearly. The sun emerges from a cloud. You equipment away, no harm done. The New York Times, the Washington Post think the president commit ad great sin. I found that ridiculous. I had a chance to flip around, i have this great thing called a remote. After the breaks i flip around. After the speech last night, fine tweets over weekend, lack of controversy during the day and tonights rally, wednesdays event in vegas, very little controversial capping for donald trump. Reaching back to charlottesville if it ended a second ago. Anytime things good or typical they will reach for something. Comments after the uss john mccain. We had no word on casualties. Heard about a collision. That is a shame, something to that effect. That was 8 30. 9 5 we found 10 were missing. They ripped him for inappropriate response with chopper in the background. Trying to be less controversial like last five days. Make enemies work for it. Let people laugh at trivial things like that. Let Stuart Varney point it out on his behemoth of a show i call a real franchise. Stuart right. You are so right, kilmeade. Let me tell you something. Brian, thanks for joining us. Always appreciate it. See you at the next eclipse. Stuart you got it. President trump making a big policy move adding troops in afghanistan, something his former advisor steve bannon was very much opposed to. So as bannon moves back to breitbart, will he work for or against the president . Corey lewandoski joins us next on that. Senator tim kaine says forget monuments of con federal generals. We should instead honor poke happens that. It is true. That is what he said. Well be back. Ashley there are new concerns that the uss john mccain collision may have been caused by a cyberattack. Now they say no. But last hour we spoke with Fox News Contributor mary kissell. She says Congress Needs to get involved and heres why. Roll tape. This is really terrible timing. The u. S. Navy is the deterrent in the asiapacific region, not just against north korea, but of course against china. You have a lot of ships patrolling up and down the coast watching what the chinese do, whether submarines or destroyers or other kind of ships. So i think it was right of admiral richardson to order a pause but i also think Congress Needs to get involved here. We cut funding for the navy for years now. There is very high tempo of deappointments. We have to step back, and say, are we giving our sailors the kind of training and kind of equipment they need. My business was going nowhere. So i built this kickin new website with godaddy. With gocentral from godaddy, you can create a professional. Website in just a few clicks. In fact, 68 of people who have built their website using. Gocentral, did it in under an hour, and you can too. Its so easy. Type in your business or idea. Pick your favourite design. Personalize it with beautiful images from our huge photo. Library or upload your own. And. Youre done zero Technical Skills required. But dont worry, if you do need help, were here for you 24 7. Now business is booming. Harriet, dear, its a double stitch not a cross stitch well even help you improve your rank on Search Engines like. Google, so more people can find you you can even build and manage your site from your mobile. Plus, link your site to social media, including facebook. And twitter, with just a few clicks. Build a better website in under an hour with. Gocentral from godaddy. Free to try. No credit card required. Gocentral from godaddy. Stuart look at this video. This is coming from kansas city. Huge floods overnight. People being rescued off their rooftops. Listen to this. Nine inches of rain have fallen in the area since monday. By the way i was on cape cod over the weekend. On friday night, the town of or ever orleans got. 3inches. That is cape cod. 7. 3 inches. That is a monsoon. In three hours. Liz goodness gracious. Stuart check the big board. We have a nice rally, way up more than 100 points. 127 to be precise. Morgan stanley says buy. Apparently some are. Oil is also slightly on the downside this morning that is the state of play on the markets. Republican senator Susan Collins from maine, she says it is too soon to tell if President Trump will be the nominee in 2020. Hmmm. Split Republican Party . Come on in please, Corey Lewandoski, former Trump Campaign manager. You know this really is a split Republican Party, isnt it . When you have got senator collins saying that kind of thing. How do you get anything done when you have a split Republican Party, and you have got to get tax cuts, obamacare reform, debt ceiling, and a budget and infrastructure . I dont see how you can get it done . It is very hard to get things done in this highlypoliticized environment. But you have to remember when donald trump ran for office, many of the people, many of the pundits, many of the socalled experts said he would never run, he would never be successful, he would never be a real candidate and he defeated 16 republican challengers in the primary. He won 38 primaries and caucuses. He went on to defeat Hillary Clinton with her expertise and her geniuses around her. I dont take any weight in the fact what senator collins said being the nominee in to 20. If donald trump runs, he will be the republican nominee, there is no question about that. Stuart okay. But bigger issue how do you get things done in washington. Stuart how do you get things done in washington . You admit we have a divided Republican Party. We have a divided white house to some degree because steve bannon is gone. He will be lobbying congress and other members of the administration from the outside. You have a Democrat Party that has absolutely no ideas whatsoever on the important issues. It is just not an environment where you can be really confident we will get stuff done, that the growth agenda will happen . I have to agree with you. I look back at first eight months of this administration. Weve missed opportunity now to repeal and replace obama care. With 52seat republican majority in the senate, they couldnt get that done, after voting seven years in a row. I look at tax reform. We need to have tax reform. We need to repatriate money overseas. We need to lower Corporate Tax rate. Need to double deductionses for middle class working families. That needs to be done. I hope it does. I need a infrastructure bill to be put in place. The president pledged a trillion dollars four years to get that done. We havent seen anything done. There should be accountability at the ballot box. If that means the republicans dont follow on president s agenda which American People voted for, they should be voted out of office. Handicap it for me. What are the changes well get one thing done this year apart from the budget and debt ceiling we have to get done . I understand. I dont think they will get the budget done. They havent passed a budget in 10 years. What they will do, raise the debt ceiling again. It is preposterous. The American People have voted for change. Raising the debt ceiling, i understand we need the full faith credit of United States government. How many teams can we add more money on the credit card . We have 20 trillion in debt. The American People are tired of it. We have 4 trilliondollar a year economy. We have 20 trillion debt. We cant sustain growth of spending like this. We bring in more money than we ever have in the past, we are spending more money. The American People deserve better. Stuart Corey Lewandoski, wellsaid. Well see you again. Thank you. Stuart coming up, here is what we have for you, new concerns after the tanker collision with uss john mccain. The navy says it was nothing to do with a cyberattack, period. Nothing. They have care clarified the situation. Ollie north joins us shortly. Inflammatory substances that cause symptoms. Pills block one and 6 is greater than 1. Flonase changes everything. Track your pack. Set a curfew, or two. Make dinnertime device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. Introducing xfinity xfi. Amazing speed, coverage and control. Change the way you wifi. Xfinity. The future of awesome. Stuart thats why the stock market looks shaky. The president s standing throws his entire Growth Program into doubt. Now Trump Supporters have long claimed that the president negotiating skills would carry him through. Hard ball negotiation would get things done. Hasnt worked out that way. Now that was last week and some viewers not happy what i had to say about the president. Look at this from etta. Why dont you stop talking about trump . Youre making things worse. Every time you talk the stock market goes down. When youre not there, the stock market goes up. Take another vacation. Stay home. Ouch. Well i was away yesterday. Took a vacation, one day, the market went up. What do you say . Liz varney effect. Youre really powerful. I can feel the gforces sitting near you. Stuart i am in favor of president s growth plan. Ashley we all are, come on. Stuart all in favor of growing the economy, returning to pass parity, please. Im sometimes critical of the president because he sometimes shoots himself in the foot and hurts his own program with it. That is my criticism. Ashley were all on board with mr. Trumps plan, but when he shoots himself in the foot, it creates a smokesscreen and distractions that gets in the way. The problem with mr. Trumps base, if you even utter what is perceived as a state they will jump all over you, youre establishment, youre Mainstream Media, you dont like the president. Not true. Comes out of frustration because we know he can do it but he hasnt even started yet. Stuart when you call me, moi, the establishment. Liz you are not the swamp. You are not the swamp. Stuart im not the swamp. Liz no. I agree with ashley. And you know, i hear what the trump support remembers saying. Theyre really frustrated with the swamp but there needs to be common sense to deal with the swamp. Reality check has bounced on the trump voter side. I hear what theyre saying. Were covering 30 years, what goes on with d. C. Swamp. There is d. C. Cycle of gotcha politics that the media thrives that on. The president has not learned how to play that yet. Stuart were all absolutely right, are we not. Ashley every time. Stuart i dont have any vacation planned for the immediate future. 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Unitedhealthcare Insurance Company has over thirty Years Experience and the commitment to roll along with you, keeping you on course. So call now and discover how an aarp Medicare Supplement plan could go long™ for you. These are the only Medicare Supplement insurance plans endorsed by aarp, an Organization Serving the needs of people 50 and over for generations. Plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. Remember, medicare doesnt cover everything. The rest is up to you. Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. Stuart i worry about the Washington Post. It was, rightly, considered one of americas great newspapers. Now i think its descending into farce. Look at this. Trump briefly glanced at the sky without protective glasses. Oh, the horror. He ignored the good advice that has bombarded us constantly. He glimpsed at the sun during the eclipse. To the post, thats apparently shocking and worthy of a public rebuke. On the editorial page of the Washington Post, Eugene Robertson says its time to talk about trumps mental health. Really . Hes just called him crazy and be done with it. Wait, theres more. Also in todays edition there is a breathless denunciation of the treasury secretarys wife and her reports of the fashion brands. She wore while flying with her husband on a government plane. The couple paid for the flight out of their own pockets, but the post reporter still finds the story bizarre. I think its the post that is bizarre. This is not the reporting of a great newspaper. Apparently, it is of a newspaper now owned by a leading trump critic, jeff bezos. He is the founder of amazon, hes worth close to 90 billion. What were looking at here is a journalistic disaster. The Washington Post leads the media jihad against President Trump. If readers and advertisers peel away, bezos doesnt care. Hes wealthy beyond measure. But when the media descends into shallow, almost childish criticism, we all lose. The fall legislative session approaches. We need a media that dissects infrastructure, health care and growth. We dont need silly little pieces about a glancing at the sun or the clothes of a treasury secretarys wife, and we certainly dont need dangerous and unfounded speculation about the sanity of our president. The third hour of Varney Companys about to begin. I cant no, hey, hey, hey [laughter] stuart well, i cant get no satisfaction out of the Washington Post this morning, and thats a fact. Satisfaction . Look at this. The Dow Jones Industrial average up 131 points, 21,835. A lot of green on the lefthand side. Staying on your money, Morgan Stanley says buy the dip. However, Goldman Sachs says this recent dip is not the correction weve been waiting for. Youve got to wait some more. Look whos here, New York Times best selling author of the american mojo lost and found, his name is peter kiernan. Hes with us this morning. So have we not gotten to the dip yet and should watch out for it, or should we buy the dip weve already got . The guns of august, right . Everybodys looking for when you buy the bottom, and you will not find it. I think theres plenty of room for the downside here, but i wouldnt worry too much, because the two or three things that drive a market are good. Global growth, great. Japan, italy, many places growing base metals, coppers up 20 this year. Stuart yep, yep. These indicate continued growth. How are the earnings in the United States . Not too bad. A little mixed this quarter but still very strong. These are the things that drive a growing market. Stuart so a lot of our viewers invest in indexes, you know, theyll buy the dow, the s p 500, the index. Yes. Stuart its a safe way of buying a broad crosssection of stocks. And your advice would be dont sell, dont get too worried, were still on track to go up some more. I dont want to put words many your mouth, but is that what youre coming from . Let me amend it slightly, im not so hot for the indexes right now. I think if people have the capacity to pick and choose, to find things they like, they might do a little better. And suddenly were seeing people doing better by buying great stocks like a boeing, which weve talked about. Stuart mentioned a lot. There are some marvelous pullbacks that are occurring in the tech space, for example, and i would look for any type of washington wave that rolls over the market like it did when cohn, gary cohn might be leaving. That is a buying opportunity, because the stock market does not respond to staffing changes at the white house for very long. So any dip on that, that is a buy. Stuart youve got a strong stomach, peter kiernan, and thats a pact. I think its an opportunity. You should be looking to buy when everyones selling. Thats when smart i viewers are looking where are the places to buy. Stuart our own blake burman is saying President Trump is going to make a more public push for tax reform, and he may start at tonights rally in arizona. Weve been saying that, you know, he needs to barnstorm the country, get out there and sell tax cuts, and he might do it tonight. You thoroughly approve of that, i think. I do. And i think if you take a page from reagans book, he did basically nothing else when he was trying to get tax reform. It was in the sixth year of his presidency, and he went out and was a barn burner for that kind of tax reform. I think President Trump has to do it now. One of the things thats got to happen here is that the market having some hope about things like debt ceiling and budgets and tax reform more based on the president s policies. And what i mean by that is what is the Republican Party going to stand for in the next four months. Are they going to get something done. Modest, but something. Is that what the stuart do you think we take off if there is a solid sign that, yes, we will get tax cuts, infrastructure, well get something . Does the market take you have off . Itic it is a it takes off. Right now the things that are driving the market i dont think theres a lot of washington change baked into the market right now. The expectations are very low. So if they are beginning to think things like this trillion dollar infrastructure spend that trump has been talking about, the president , or tax reform or some new, fresh regulatory relief, i think that combination would have a stunning effect on the market. Stuart okay. Welcome to the show, everybody. See, weve got it for you. All right, you wrote the book about doing business in china, chinese business. Yes. Stuart not going to name the book you wrote, because theres a nasty word in the title, if i recall. We can move on [laughter] stuart there are reports that a Chinese Company, car company is thinking about buying the jeep brand. And taking it off Fiat Chrysler. What do you say about well, lets look, its an exciting concept. They have not made the offer. Im not sure i approve of the way theyre doing it, but what is the Fastest Growing market in china right now . Suvs. From none a few years ago to nine million sold. That market alone is up almost 50 in one year. So the fact that somebody who sells a million suvs, which great wall does by the way, their sales outside of china last year were a whopping 17,500 cars. Stuart thats it . Thats it. So would there be in this number seventh ranked car company in china a huge, quantum leap if they were to buy the crown jewel like jeep . Yes. Would there be competition . There might be competition for jeep. Its a marvelous global name, and i dont think that Fiat Chryslers just going to part with it like that. But i can see very much why great wall would like to do it. Stuart id like to see a bidding war. Stay there, youre with us for the hour. Thank you, peter. Lets get to my editorial, top of the hour. Katie pavlich is with us, town hall editor and Fox News Contributor. Katie, i say the Washington Post is descending into farce. Now, that may be a little strong, but i said it descending or are they already there . [laughter] thats the question. Stuart after todays performance those three articles i highlighted, i think theyre there already. I think i want to hone in on the article you mentioned about them questioning President Trumps mental health. Now, do we remember when it was completely out of, out of the question to even, you know, think about Hillary Clintons health even after she had passed out at the september 11th memorial and hidden her records and didnt want to talk about her health . She was running for president. That was completely taboo, but here we are now and because its President Trump, were allowed to question his mental stability without being a doctor, a psychologist or what have you. Lets not also forget that theyve gotten a lot of stories wrong, especially when it comes to the russia issue this year. Theyve put out a lot of stories that theyve had to then retract that got more attention in the beginning stuart but, you know, very few of our viewers know that some russia stories in the Washington Post have been retracted. Virtually nobody knows that. I think there havent been full retractions, but there have been retractions of pieces in the stories. So, of course, the initial story goes out, it gets retweeted, and then the rex, of course, doesnt get the correction, of course, doesnt get nearly as much attention. Its been fueling a lot of this russia nonsense, and its because they have this agenda. Once again, weve talked about this on the show before, this goes back to journalists who claim to be objective really being liberal and not honest about where theyre coming from. Stuart right. Thats why i say the Washington Post has descended into farce. Its not a journalistic enterprise, it is a Propaganda Machine for the never trump and antitrump people. That would with be my opinion. Ive got to get to the border for a second, because the president goes to the border tonight. Hes going to arizona. And hes going to make a speech, i dont know whats going to be in that speech, but it occurs to me that one of the great successes of President Trump is immigration, illegal flows across the border, and he hasnt done anything. Its all with words right. Stuart and advance policies thats done it. Well, its been with allowing i. C. E. And Border Patrol agents to do their jobs and not to be hamstrung by bureaucrats in washington bees with an open washington, d. C. With an open borders agenda. I think its important to point out where specifically he is going, hes going to the yuma sector of the border, and ten years ago there wasnt a pence there. They had a serious problem with drug trafficking, crime, human trafficking. They put in a fence, and now 92 of people who try to cross there get apprehended, arrested and deported. So this has been a successful model where hes going to, today. Its patrolled by Border Patrol at all hours of the day and night, and hes going to be able to look at that model and say it has worked in yuma, it will work on the rest of the border, and we are going to get the wall done. Stuart well be watching tonight. Katie, as always, thanks very much. Thanks, stuart. Stuart look at this. The dow is on a nice little not a little rally, thats a solid rally. 128 points higher, 21,831 is where we are. Thats about 300 points away from the alltime record close. Heres whats coming up for you, we found a democrat who was actually commending some of President Trumps comments last night. He joins us shortly. But first, President Trump sending maybe 4,000 more troops to afghanistan. He says well win. Heres my question what is a win in afghanistan . Were asking ollie north. Hes next. Parodontax, the toothpaste that helps prevent bleeding gums. If you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. Help stop the journey of gum disease. Try parodontax toothpaste. Stuart President Trump talking about afghanistan last night. Bottom line, we stay, were not leaving. The president s not happy about the terrorist safe havens in pakistan, and the president said we are going to win. Joining us now, Lieutenant Colonel ollie north, host of war stories. What does a win look like to ollie north . To Stuart Varney, it looks like white flags and prisoners being rounded up. What does it look like to you . First of all, stuart, he paid tribute to the soldiers, sailors, airmen and marines who have served and the families of those 20,000 who have been killed and wounded. Look, the objectives are very clear; an honorable outcome, a hasty withdrawal is not acceptable. He made, identified very clearly the security threats in afghanistan are regional, not just local. He put, as you pointed out, pakistan on notice. And he said hes going to get more help from our allies, particularly inviting india which is going to be pressure, leverage against pakistan into the fight. I thought that speech was just perfect. Im hoping that the one he gives in yuma has the same tenor, because testifies president ial, and it he was president ial, and it set forward the idea that were just not going to put people in and pull people out. Best of all what he didnt say, he didnt say a timeline, he didnt say im going to tell you how many troops im putting in, he didnt give a Strategic Perspective on the tactics the commanders are going to be allowed to pursue. And hopefully, theres some room in all of that for what might be done with perhaps some so covert operations that should never be part of a speech by the president. I give him an a . Stuart weve had troops in korea, japan, germany for literally decades. Are you comfortable with that kind of time frame for us being in afghanistan . Because it could go on for decades. No, its already gone on for over a decade and a half. And the idea that we can simply pull out which was advanced as an idea right from the get go by the last administration is one of the reasons why there was a resurgence. I mean, people forget they are listening, and they were listening last night. They were listening down there in islamabad, theyre listening at all the gatherings that are taking place out there. Shortly after the speech, and i was on with sean last night, shortly after the speech the afghan ambassador called in to his show and said this is what weve needed for years. That wasnt a setup. That all happened because they know that this is a big fight for them and, quite frankly, taliban is coming back. Thats why i say i hope theres some kind of, if you will, hyperversion of what he talked about last night that allows some covert operations the likes of which several people proposed over the last several months. Stuart switching gears, are you comfortable whats going on with the seventh fleet in the pacific, this collision and the navys now said its got nothing to do with a cyber attack. Theyve cleared that one up. No role played at all. But our operations are hamperedded, surely. Well, look, theres no doubt that that ship completed all of its sensitivity training, its equal opportunity [laughter] look, im telling you whats happened in the United States military today. Commanders on the ground and at sea are told daily of all the things that the pentagon has demanded over the last eight years, and a lot of it is the sensitivity training. You and i have had to take some here in this business. And all of that takes time. Obviously, its taken too much time from seamanship and navigation, and they need to get back to that. Thats basics of going to sea. Stuart ollie, ive got to run, but that was a very interesting and original thought with whats going on with the navy in our pacific. Ollie north, everyone. Catch war stories on the Fox Business Network on weekends. A lot more ahead this hour. Johnson andJohnson Johnson oro pay, what, 417 million to a woman who says talcum powder gave her cancer, very big story. Blue apron getting hit with lawsuits accused of misleading investors before the company went public. First, though, beyonce releasing a new book. Its a sneak peek at the making of her album, lemonade. You wont believe how much it will cost. Well tell you price in a moment. You get everything on Varney Company. [laughter] got you outnumbered. The dinosaurs extinction. Dont listen to them. Not appropriate. Now im mashing these potatoes with my stick of butter. Why dont you sit over here. Find your awesome with the Xfinity Stream app. Included with xfinity tv. More to stream to every screen. Wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Nothing i can say, a total eclipse of the heart. A total eclipse of the heart stuart their cueing me to speak. [laughter] that was Bonnie Tylers classic, i remember it from 1983, total eclipse of the heart. Why are we showing you the video . Because its the number one selling single in the country. The song topped the itunes chart yesterday because of the excitement surrounding the solar eclipse. Billboard reports downloads increased more than 500 over the previous week. Beyonce, now lets move on, giving fans a sneak peek into the making of her hit visual album, lemonade. If you want to the take a look, its going to cost you. The singer releases a 300 coffee table book. Its called how to make lemonade. It features never before seen family photos and behind the scene shots, poems, essays from beyonce, audio and visual downloads, 300, please. The nfl, the league is making a big investment in china. The nfl and ten cent sports signed a threeyear deal to stream games to china. Actually, its china investing in football. Ten cent will will air live and ondemand streams of select preseason, thursday, sunday and monday night games all heading for china. Look at that, big tech names. Check them all the time. Today all higher, every single one of big five, on upside by about 1 apiece. Boeing, peter kiernans story. Peter kiernans stock actually. You were recommending this thing all the way up. Up again, 3 higher, 1. 4 . How about ruby tuesday . Remember them . They reported encouraging numbers, and theyre up 15 . Struggling back to 2 a share. Foot locker, that stocks up nearly 1 , encouraging news on the sales there from foot locker. Wheres the price of oil this morning . I go away for three days, it was at 46, 47, this morning it is at 47. There you go. And the price of gas lean is still, im going to call it cheap. National average, 2. 33 a gallon. Not bad for the end of august, if you ask me. All right. Check the big board again, please. This is close to the high of the day, up 130 points, 21,8 35. Still to come, senator tim kaine says forget monuments to confederate generals, how about a monument to pocahontas instead . Larry elder joins us, salem radio nationallysyndicated talk show host. Well get his reaction to that. But first, President Trump headed to the arizona. Some reports suggest hell pardon sheriff joe arpaio, former attorney Gregg Jarrett all over that. Should he pardon him, yes or no . Well be back. Dont let dust and allergens get between you and lifes beautiful moments. Flonase outperforms the 1 nondrowsy allergy pill. It helps block 6 key inflammatory substances that cause symptoms. Pills block one and 6 is greater than 1. Flonase changes everything. Stuart did we put sort of a purple i think we did. Stuart over new yorks skyline, because that was purple haze by jimi hendrix. Of well get somebody, im sure. [laughter] check the big board, please. Yes, it is a rally, and we like it. Were up 134, 21,837. Thats money, now politics. President trump goes to make a more public push for tax reform, we hear. He may be pushing tax reform heavily tonight at his rally in arizona. Blake burman, come on in from the white house, please. I want the news that youre going to give us on the Corporate Tax rate. A theyre pushing for 15 , is that correct . Reporter president s been pushing for a 15 in his plan, stuart, over on capitol hill House Republicans have a Different Number at 20 . Both much lower than the current rate. A white house official telling me, stuart, a little while ago that, you know, while they do want 15 rate, the president does, at this point everything is in the hands of the committees, and whatever votes the committees can get, that is kind of how they see things Going Forward. Got a little bit of news for you here as well, stuart, on the push that you can expect from the white house. From the president s point of view, im told from a white house official very possible that we could see him out on the road in the form of rallies, giving speeches, doing events, etc. And then merchandise the building here at inside the building here at the white house, a man i know you know very well, tony sague who has been working at treasury department, im told hes going to be coming here to the white house. This is being described to me in this tax reform push as an allhandsondeck kind of scenario. Bottom line, stuart, im tall with people both here at the im talking with people both here at the white house and on capitol hill, they like the way things are moving, Going Forward. They feel good but, of course, once capitol hill gets back into session, that is when the ball is really up in the air. Stuart yes, sir, it is. Blake burr match, thanks very much, indeed. Peter kiernan with us this morning. That sounded to me like some positive stuff. A, the president pushes tax reform aggressively. B, hes probably going to get out there and barnstorm for it. And c, maybe down to 15, maybe 20 on the Corporate Tax rate. Thats all good stuff. That would the last would be the most extraordinary. If you think about the people that are touched by a corporation, its shareholders, its customers and its employees all would benefit mightily by having a 15 or a 20 tax rate. Can you imagine having a business youre trying to run so hard and suddenly youre gifted with 20 improvement in margin. That tide lifts all boats. Thats huge for the markets. And i think the barnstorming part of this is long overdue. He needs to get out there, sell it again like hes on the campaign trail and whip up that excitement and get congress to get in gear. Stuart were hearing all kinds of noises that thats what he will do tonight, that tax reform, tax cuts will be not necessarily front and center, but itll be part of his rally, and the crowds will lap it up. Lets see if he comes up with that one. Were staying on politics for a moment. Doug schoen is with us. I say the democrats are running on identity politics and that theyre out of ideas on the issues that concern us. Thats the economy, health care, taxes, you name it. Right. Stuart youre still democrat. I am still a democrat, and my attitude is that youre mostly, if not totally correct. The other thing id say is theyre running on resistance, basically saying anything Donald Trumps for were against. And, peter, to your point. All good on tax reform, but most tax reform that i can remember was done on a bipartisan basis. I think in 63, in 86 certainly, and the real problem is the majority in the senate is small enough that i think theyre going to need to do a broader tent which trumps tried to begin to do last night. Stuart well, what would democrats in the senate bring to the whole idea of tax cuts and tax reform . What would they put on the tablesome. Oh, you know what theyd put on the table. Stuart what . Tax increases on the rich. Stuart well, thats not going to fly. Well, thats exactly why youre not going to have bipartisanship. Because we are so polarized and there is so little agreement between the two parties that it is going to be very, very difficult not impossible, but difficult for the president to succeed. Stuart do you think that the president , did he make an effort to unify the country in his speech last night . Do you think youre nod manying. Was it successful . I think it was a very good first step. Look, there are a lot of wounds that need to to get healed after charlottesville. I think he took the first step. It was the right thing. He now needs to continue on that vein. Stuart can we just roll that tape of the president from last night . Because i dont think weve heard enough about it. Roll it, please. A wound inflicted upon a Single Member of our community is a wound inflicted upon us all. When one part of america hurts, we all hurt. And when one citizen suffers an injustice, we all suffer together. When we open our hearts to patriotism, there is no room for prejudice, no place for bigotry and no tolerance for hate. Stuart again, you think that workedsome. I think its a good first step. Its going to take more than one part of one speech to heal, but im very pleased the president did it, and i think we spoke on this show last week about the president doing exactly that. So im very pleased that were able to influence the government. Stuart dont take credit for what President Trump said last night. Im not taking credit. Im saying you and i discussed it. Im pleased he did it. Stuart i can take the credit. You should. I said you and i discussed it. [laughter] all your idea, stuart. Stuart all right, doug, thanks very much, indeed. Appreciate it. Next case, Johnson Johnson. Cant believe this, theyve got to pay out 400 million to a woman who says she developed to varon cancer after using Johnson Johnsons talcum powder. Gregg jarretts with us, fox news anture and former anchor and former defense attorney. Johnson johnson surely is going to appeal itll get knocked down. Stuart knocked down because why . It is excessive. Stuart the financial amount, wasnt there a cause established . Look, there have been a couple of dozen of these nearly identical lawsuits, Ovarian Cancer, and plaintiffs have both won and lost. Why . Because the science is mixed and hasnt caught up with the lawsuits. Some scientists take the witness stand, for example, from the national Cancer Institute and say there is absolutely no direct cause or correlation with the talcum powder. Stuart right. But other scientists disagree, and in those cases the plaintiffs have actually won. But this 400,000 for one individual is excessive stuart 400 million. Excuse me. Stuart 300 million in a previous case. Those generally get knocked down. Doug knows this, hes a lawyer. That amount of money for one individual would be too much. Stuart okay. Hold on a sec. Were not looking at a tobacco case, for example. Talcum powder is not the new tobacco. I mean, is that pretty clear . Its pretty clear. Heres the problem, its a clay thats mined in proximity to asbestos which is a known carcinogenic. Stuart the minute particles in the talcum powder are somewhat similar to asbestos . Because theyre mined so close to asbestos out of the ground, the worry is among scientists that theres a mixing of the two. So some elements of carcinogenic asbestos get mixed in with the talcum powder x this is the thread that scientists have tried to pursue in a court of law. Stuart as a recovering lawyer [laughter] i want your opinion on what might happen tonight if President Trump pardons sheriff joe arpaio. There is speculation that he will do that, because hes going to arizona, the home of sheriff joe. What would be the legal repercussions of a pardon, and what would be the political repercussionsesome. Well, look, the legal repercussions and, actually, political together its a fairly minor pardon. Why . Because its only a misdemeanor. This is not the commuting of the sentence of Chelsea Manning d. Stuart i thought it was a conviction of criminal contempt. It is, but its only a misdemeanor. Six months stuart criminal contempt is a misdemeanor . Yes. The other problem is that his Constitutional Rights were completely violated. He demanded a trial by jury which the sixth amendment guarantees. The judge refused, and it wasnt a fullypublic trial. Arpaio found out about the conviction, the verdict from the media. He wasnt even in a court of law. So his Constitutional Rights have been egregiously violated. Thisll get overturned on appeal. Stuart suiter mittically, however, a pardon for sheriff joe would be taken as a hit on hispanics, wouldnt it . Or am i mistaken . Especially after a healing speech, this will be seen incorrectly, i would say, but would be seen as a return of the rhetoric to last tuesday. Stuart democrats will paint it that way. Thats politics absolutely. When i spoke to the president a week ago and he told me about this and i broke the story on foxnews. Com, he was very serious and sincere. And he said he would do it in the next several days, very soon which would coincide with tonights rally. But charlottesville events of last weekend before last may have changed the equation now where he might have been predisposed to issue the pardon tonight, maybe not now. Stuart got it. Gregg, thanks very much, indeed. I think youre staying with us briefly, i believe thats the case. The dow is now up high of the day, 153 points higher. Lets bring that to everybodys attention including our radio listeners. Up 152 as we speak. Next, the nfl getting political again. A dozen players on the Cleveland Browns team taking a knee during the National Anthem. More division in the Republican Party. Senator Susan Collins, republican maine, says shes not even sure the president will be her partys nominee in 2020. Weve got a lot to go at, and go at it we will. Potsch you each drive a ford pickup, right . in unison russ, leland, gary yes. Gary i have a ford f150. Michael ive always been a ford guy. Potsch then i have a real treat for you today. Michael awesome. Potsch im going to show you a next generation pickup. Michael lets do this. Potsch this new truck now has a cornerstep built right into the bumper. Gary super cool. Potsch the bed is made of highstrength steel, which is less susceptible to punctures than aluminum. Jim aluminum is great for a lot of things, but maybe not the bed of a truck. Potsch and best of all, this new truck is actually gary all laughing oh my. Potsch the current chevy silverado. Gary im speechless. Gary this puts my ford truck to shame. James ill tell you, i might be a chevy guy now. laughing im Nicole Petallides with your fox business brief. Something else happened yesterday besides the eclipse. Alphabets google announced their new android smartphone software, and it is android oreo. Its their next sweet name. Theyve had nougat, lollipop and kitkat, so there is their latest version, 8. 0. Smarter, faster, securer. They have a redesigned lock screen, better battery life and new i emojis, picture in picture, so you could run two apps at once. You could be on a video call and check your schedule at the same time. So an exciting update for android n. The meantime, apples latest ios 11 thats expected in the fall, youll have more on sir sirri and a way to block notifications. Parodontax, the toothpaste that helps prevent bleeding gums. If you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. Help stop the journey of gum disease. Try parodontax toothpaste. Stuart oh, listen to this. That huge Powerball Jackpot . It just increased. It is now 700 million what . All right. Stuart are we in . I never bought a lottery ticket. Dont do it. Its the second largest in history, by the way. The cash value, okay . Cash value, 443 million. The drawing is tomorrow night, right . I wont be in thursday. [laughter] stuart confident of victory. Funny. Stuart controversy, more of it, at the nfl. Last night a dozen players with the Cleveland Browns knelt during the National Anthem, and the naacp is calling for a boycott until Colin Kaepernick is signed. Larry elder joins us now. [laughter] youve got a nationally radio talk show, thats what you do. Do people call in about this, and what are they saying about it . People do call in about this, and theyre not happy. Theyre not happy that you go to a football game, and out comes a civics and History Lesson. People turn on the television to get away from this kind of stuff, and theres evidence that suggests last year it hurt the brand, and you have a lot more players doing it. I think, ultimately, the nfls going to have to have the same rule that the nba has otherwise i believe its going to hurt the brand. Stuart is it legit for an athlete to use their athletic achievement as a way of promoting a cause . I mean, i go all the way back to the 1968 to olympics when i believe a couple of american sprinters raised the clenched fist in the black power salute and put their movement on the mark, for example. Do you think its legit to do this . Of course its legit. But you have to recognize the consequences of your action. In 1968 a strong case could be made about how racist america was. You cant make that case today. For crying out loud, Police Shootings against blacks are down 75 over the last 45 years according to the cdc, theres a new study by a harvard economist that says cops are more reluctant to use deadly force against a black perp than a white person. Person than a white person. 5,000 blacks killing other blacks last year, the number one cause of preventable deaths for young black men is homicide versus Car Accidents for young white men. Lets talk about something that really matters. Stuart okay. I want you to define being a republican for us, please. I dont know whether you define yourself as a republican i do. Stuart okay. What is a republican . And i ask this question because President Trump seems to be redefining what is a republican, and we have Susan Collins republican senator from maine whos saying, look, im not even sure that President Trump will be the nominee in 2020. So why dont you define what you think is the definition of a republican. Well, a republican is somebody that believes in limited government, believes in article i, section eight of the constitution, believes that Everything Else should be left to the individuals and to the states and believes in a Strong National defense, believes in peace through strength as opposed to strength through peace which is what obama believed. Thats my belief as a republican. Ive always maintained while donald trump is a registered republican, he really is a populist. Hes got a collection of views that make him closer to a seven frist than centrist than any republican president in my lifetime. Why the left hates him so much is beyond me. Stuart and you support him because of his growth plan and you think he is rearranging the Republican Party, right . And hes not hillary. For crying out loud, if donald trump were a movie, i say he would have been the good, the bad and the ugly. If hillary were a movie, she would have been armageddon. Stuart steady on, steady on, okay. The debate over monuments still going on. The Jefferson Memorial in d. C. Will be updated to reflect jeffersons record as a slave owner. Virginia senator tim kaine says his state should be represented in congress by a statue of pocahontas instead of robert e. Lee. [laughter] what are you saying about all of this . My goodness. This is all being driven by the left and by democrats. Lets go all the way. Lets take down every one of these monuments, stuart. Lets put up a plaque recognizing that democrats founded the klan, democrats opposed the 13th amendment that freed the slaves, the 14th amendment that made slaves citizens, the 15th amendment that at least gave slaves the right to the vote on paper. As a percentage of the party, more republicans 80 versus 60 of democrats voted for the passage of the civil rights ax. If they really want to make sure people have a good History Lesson and know whats going on through the prism of modern day sense blghts sensibilities, lets see how many people will go along with that. Stuart as peggy noonan pointed out when you walk around the house of commons, the house of parliament in broun, you will see a very prominent statue for oliver cromwell, the man who executed a king and installed the dismal government who failed, the statue still stands there because he is part of history. Case closed. Larry, im out of time go ahead, last word. Go ahead, last word. Another inconvenient fact, a new poll,npr poll, more blacks than not want the monuments to stay, 44 versus 41 respectively. A little awkward, isnt it . Stuart yes, it is. Im glad you brought that up, good stuff. Larry elder, thank you very much, sir. Appreciate it. Thank you. Stuart did you catch the eclipse yesterday . People flooded the streets coast to coast to watch. Fox news meteorologist janice dean was there in the thick of it. Shell be with us next. Im shaking, and this is amazing. I mean, unit expect it to be this awesome. I accept i dont bike as far as i used to. I even accept i have a higher risk of stroke due to afib, a type of irregular heartbeat not caused by a heart valve problem. But no matter where i ride, i go for my best. So if theres Something Better than warfarin, ill go for that too. Eliquis. Eliquis reduced the risk of stroke better than warfarin, plus had less major bleeding than warfarin. Eliquis had both. Dont stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. While taking eliquis, you may bruise more easily. And it may take longer than usual for any bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Im still going for my best. And for eliquis. Ask your doctor about eliquis. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Stuart dont you get sicced and tired of the good advice industry . You know, how about a weather forecaster who always ends the forecast by saying dont forget the umbrella and wrap up warm, its going to be chilly out there. Good advice i personally love going out without a poncho. Whats a new drops of rain on your head . Stuart what did you say, producer . Janice dean is on the show later to talk about the special glasses you need to look at the eclipse and an umbrella when you go outside. As promised, janice dean is with us. I mean, shes the epitome of the good advice industry which i sometimes resent. That was a total set up. You told me i was going to talk about the eclipse and my brand new book, but instead you come in and tell me you dont like this good news thing or prepare yourself. Stuart weve renamed the show, its now called ambush. [laughter] seriously, seriously, dont you get fed up with the good advice . Oh, you mustnt look at the sun, youve got to have those special glasses you do. You have ophthalmologists who come in here and say youre going to damage your retina stuart nobody stares at the sun. Youre right. No one stares at the sun, but when you have eclipse, an eclipse, a total solar eclipse, people are more apt to look up because its not sunny out there, and you not going to feel the pain in your retina because there are no pain sensors in the back of your eye. And, stuart, you told me that you went out there . Well, you dont know the damage until sometimes weeks we wont know if youve damaged your eyes until weeks or months from today. Stuart therefore, you approve of this headline in the Washington Post which reads trump briefly glanced at sky without protective glasses. The horror, janice, i am shocked were going to have to check in with him in a couple of weeks or months stuart im 69 years old, i dont need glasses, i dont wear, whats their name, contacts. Perfect eyesight. A glance at the sun so it was just a glance. Listen, its my responsibility to go out there and give you good advice, and the advice is you dont look up at an eclipse because you will potentially damage your eyes. Finish im not going to go out there and go, oh, kids, just see what happens. [laughter] stuart and dont forget the umbrella. You know, it might rain this i dont say dont forget the umbrella. Stuart no, you dont. Youve got to take care of yourself. Stuart now, heres some good advice, freddy the frog caster and the flash flood. Is this good advice . This is good advice because, you know what . It happens everywhere on this planet. If you have rain in your forecast, if you potentially have rain, flash flooding can affect you, all right . So this is a good book for every Single Person what are you laughing about . Stuart its not funny. Listen, you just told me where you have a nice beach home, it rained 7 inches on friday, correct . Stuart that is correct. And there was flash flooding . Stuart yes. Did you know what to do . Stuart i got out the door. This is good, sound advice. Dont look at the sun if theres an eclipse [laughter] stuart we will return. Ambush. Stuart eye sight intact, i promise. [laughter] copd makes it hard to breathe. So to breathe better, i go with anoro. Go your own way copd tries to say, go this way. I say, ill go my own way with anoro. Go your own way oncedaily anoro contains two medicines called bronchodilators, that Work Together to significantly improve lung function all day and all night. Anoro is not for asthma. It contains a type of medicine that increases risk of death in people with asthma. The risk is unknown in copd. Anoro wont replace rescue inhalers adder,. Urinating, vision changes, or eye pain while taking anoro. Ask your doctor about anoro. Go your own way get your first prescription free at anoro. Com. Stuart this news were bringing you as of now. There was a spike in google searches for eclipse headache immediately after the eclipse itself. On that note i will give you neil cavuto. Neil stuart, thank you very, very much. Were keeping an eye on the fallout from the president s speech last night. As you have already been hearing it is good for defense stocks. Anything having to do with u. S. Defense interests most notably bit likes of boeing, with a Intercontinental Ballistic Missile contract with the United States government that could be paying handsome dividend for that company. Anything boosting our defenses in light of the president s speech yesterday has been taking off. Not so anything having to do, lets say with the government of pakistan. An Exchange Traded fund focusing on pakistani investments down 1. 4