♪ ♪ maria: welcome back. with our panel, final thoughts. trisha mclaughlin. >> i think we're seeing a cultural shift is, we saw a shy trump voter in 202016 is, 2024, not so shy anymore. >> i think j.d. vance is a game-changer for the republican party, and i think everybody needs to do their research. maria: if good point. cheryl casone. >> watching some of the sectors and these stocks move has been fascinating. wall street is on this train. maria: all right. we appreciate everybody joining us here live from the republican national convention in milwaukee. dow industrials up 141. stay with fox business. "varney & company" pix it up now. stu, take it away.

stuart: good morning, everyone. another night of contrast between the two campaigns. donald trump enters the convention hall to resounding cheesier. the republicans joyful that he survived an assassin's bullet. trump seemed overwhelmed by the emotion in the crowd. he choked up. is this the new trump? then his pick for vice president appeared, j.d. vance. youthful, 39 years old. if trump wins, vance may well become the the 48th president, and the future of the republican party for many years to to come. meanwhile, the 81-year-old president struggled through an interview with nbc's lester holt. he got angry, frequently railed at what he called trump's lies and insisted his mental acuity has been, quote, pretty damn good, end quote. what a contrast. the republicans look to the future, the democrat president defends the past. to the markets, retail sales unchanged in june, limited impact on stocks. we had new highs for stocks at monday's close, small gains

premarket this morning being. dow up maybe 100 to, s&p 10, nasdaq 53. interest rates at lower levels, the 10-year well below 4.25%, 4.21, to be precise. the 2-year, 4.47. bitcoin holding around $63,000. that's 63,32, i believe. gas, let's see, we've not that down one cent, $3.51. and diesel at $3.85. all right, politics. "the washington post" reports that the president will today announce a plan to cap rent increases. he will also a make another play for the black vote when he addresses a meeting of the naacp. new developments in the attempted assassination. video shows passers-by spotted the shooter on a rooftop several minutes before shots were fired. someone dropped the ball. if on the show today, the "wall street journal" says elon musk has told sources he will give $45 million a month to a super pac that supports donald trump.

the money goes to america pac which is concentrating on getting voters in swing states to request mail-in ballots. musk calls that fake nudes. -- fake news. tuesday, july 16th, 2024, "varney & company" is about to begin. ♪ ♪ ♪ if tomorrow all the things that were gone i'd worked for all my life -- ♪ and i had to start again with just my children and my wife -- [cheers and applause] ♪ i'd thank mylucky stars to be living here today. ♪ 'cuz the flag still stands for freedom, and they can't take that away. ♪ and i'm proud to be an american -- stuart: donald trump entering the convention hall to

thunderous applause. he's making his first real public appearance since the assassination attempt. trump also a named ohio senator j.d. vance his running mate. good morning, lauren. [laughter] what did vance say about getting that call? lauren: the the call. j.d. vance told sean hannity he got it about 20 the minutes before the official announcement went with out. >> he just said, look, i think we've got to go save this country. i think you're the guy who can help me in the best way, you can help me govern, you can help me win, you can help me in some of these midwestern states like pennsylvania, michigan and so forth. and he said, rightfully, that we have been very, very close for a long time but especially since i endorsed you in 20222, and i would not have won that race without donald trump's endorsement. and the president's trust then and his partnership has been something i value a great deal. lauren: he also brings a populist message. as you noted, vance is nearly half of trump's age. he represents trump's vision for

the country, the american dream, and he comes from working class america. that can seal the deal for the party in the crucial rust belt states, those midwestern battlefields. he's also helping trump to bring in silicon valley money because he had a vc company. stuart: that's right, he did. todd piro with us this morning, joining he for the hour. this is my opinion, trump seemed emotionally subdued, almost pensive, like a different trump. i thought he was almost in tears. is this the new trump? >> i think anytime you live through a 72-hour period like donald trump just lived through, i don't care how hardened, how tough, how much of a bad a dot, dot your kids say you are and the entire nation if says you are. when you go the out to an audience like that that is cheering you when there's a really good possibility a millimeter here or there they would be mourning you, i think that is enough to make anyone get that emotional. now, i also understand that he's

going to to rewrite his speech for thursday night to be more of a unity speech. but at the end of the day, i don't think if and when he's elected president he's just going to give up on all of his policies which are considered hard or, and need to be because we're in a time that demands toughness. stuart: this is like -- >> yes, please, please. stuart: it's his language that i'm thinking about. is he going to go back to the harsh, harsh, insulting language of the past, or is it going to be the new trump, softer, 1kwre7b9ler, kinder, getting more inif dependents on his side? >> i think when he needs to, he has this new ability to go more vulnerable. but when he's dealing with china and russia, no way in you know what that he's going to be the softer and kinder. he's going to be the donald trump that america needs and america's going to vote for right now. stuart: okay. lauren: i just want to add a one word you guys aren't saying, grateful. >> yes. lauren: i think he's grateful for his life, for the unity of

the party that's coming around him is and maybe the unity of the country. stuart: i think you make a fair point. listen to what president biden said about trump choosing j.d. vance as a his running mate. roll that tape, please. >> he's a clone of trump on the issues. a clone of trump on the issues. so i don't see any difference. stuart: todd? [laughter] biden's campaign is reportedly going to paint vance as extreme. does vance help the trump ticket? >> and a clone on the issues. well, right now it seems like trump is doing really, or really well compared to you, joe, beating you in all the polls. you know, why not pick somebody who's your carbon copy if that's what you're accusing him of, because that person will beat your understudy in kamala harris. does he add anything? here's what i think he adds, i think he adds a reassurance to maga world, to the base, that the guy who's number two if somehow the it's no longer donald trump in that seat, that

person's going to carry on the maga legacy and the maga approach. so they don't have to fear a rino in cheep's concern sheep's clothing. stuart: all right. stay with me for the hour, please, todd piro. special coverage of the convention continues tonight at 7 p.m. eastern right here on fox business. president biden defended his comments that donald trump should be, quote, put in a bull's eye. watch this. >> on a call a week ago you said it's time to put if trump in the bull's eye. there's some dispute about the context, but i think you -- >> i didn't say crosshairs. that that's not what i'm focused on. the truth of the matter was, what i guess i was talking about at the time was there was very little focus on trump's -- >> yeah. the term is bull's eye. >> it was a mistake to use the word. i didn't say crosshair, i meant focus on him, focus on what he's doing, focus on his policies, focus on the number of lies he's

told. stuart: okay. let's bring in jason chaffetz, my friend and colleague, joining us this morning. jason, biden seemed very defensive there. if. >> he has, he's looking backwards. he's trying to defend his record and justify his comments. and i don't think it was very effective. it wasn't reassuring. it wasn't reflective. and i don't think it moved the needle whatsoever. he said what he said, and instead of taking a deep breath and saying, gosh, you know, maybe we should all look in the mirror including myself, i think that would have gone a long way, but he didn't do that. stuart: let's turn to the assassination attempt itself. new video shows how trump rally goers warned police about the shooter before shots were fired. watch this. >> someone's up on the roof. look. there he is right there. [background sounds] right there, you see him? he's laying down, to do you see him? >> yeah, he's laying down. >> officer --

[inaudible conversations] >> he's on the roof! stuart: that was a clear warning minutes before shots were fired. but my question, jason, s the secret service responsible for securing that rooftop? >> absolutely. look, i did a deep dive investigation over multiple years when i was chairman of the house oversight committee. we issued a 450-page report about all the lapses in training, in security. i know a lot about how this works. secret service has the responsibility, they have the perimeter. somebody's able to get a gun within a proximity of a protectee, it is their responsibility. one of the problems that secret service has always had is what we call cross-chatter; that is, somebody sees something and then the starts talking about it. but the communication doesn't work. and if you don't train properly, you don't know that, and they should have had that protect i

have detail jumping up and protecting the president before he was able to get a shot. if and the other thing is the rules of engagement. it does appear as a if if the sharpshooter does have that would-be shooter in his sights. why wasn't that protective detail up there, why didn't he take the shot first? these are questions that james comer will be going over on monday. if. stuart: james comer is on the show later on today. we'll is ask him the same thing. jason chaffetz, see you again real soon. let's get back to money for a moment. we received the latest read on retail sales earlier today. you have some numbers for us. lauren: the bottom line is the consumer still has some degree of spending power. if you look at the headline june month if over month number, it was unchanged. it was expected to fall, it came in flat. if you x out autos as well as gasoline, the number rose by .if 8%, and that was the month -- .8% and that was the most since

january of 2023. stuart: i might add a interest rates went down on that news, and that's part of the reason why stocks are up again this morning. thank, lauren. scott shellady with me. the trump rally on the stock market, why do you think it's going to get more volatile, scott? >> well, i mean, it's still a long way until november. i do think there are some great reasons why donald trump would be a good, a great next president, you know, fiscally speaking. but, you know, this has been one day yesterday, today will be another, so you can't go too crazy. but i do think it'd be good for things, and i think that his choice of vance, i think that's why you've got oil off $1.50 or whatever it is because if they're going to bring oil home, drill more, and more supply means you might see oil prices come down a little bit. i think that's definitely been one of the big factors here early today. oil's up, there you go, it's $1.20 the lower. i think that's absolutely from his choice of j.d. vance.

there are a lot of things to think about, going back to the way things used to be before the pandemic, everybody knows that that. look, this number we got today, retail sales, yeah, it's proving somehow if the consumer still has checkeds and they still have is credit cards -- checks. i don't think they have any cash, but they're still spending, number one. number two, stuart, you said right after that as well that the 101- year yield went lower because we're still banging on about rate cuts $10-year. i'm trying to look for this person to come on my show to show me how rate cuts, and heir now talking 1-3 before the tend of this year, i want them to explain to me how rate cuts help bring inflation down. stuart: i'll try to get that person9 on the show. but in the meantime, i've got to tell you rate cut speculation is helping the stock market right now, and and that's a fact. , gotta go. see you next week. >> all right. stuart: the this is now trump's united republican if party. is it his party?

i'll put the question to senator john thune. secret service director kimberly cheadle says the buck stops with her -- kimberly cheatle. roll it. >> the secret service is responsible for the protection if of the former president. >> so the buck stops with you? >> the buck stops with me. stuart: she's refusing to resign. later today, she'll brief the house oversight committee. the chief's chair, come -- committee's chair, james comer, he's on next. ♪ ♪ ngs that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel confident in your financial choices voya, well planned, well invested, well protected. it's pods biggest sale of the summer. save up to 25% on moving and storage for a limited time. and see why pods has been trusted with over 6 million moves. but don't wait, use promo code big25 to save. visit pods.com today.

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stuart: check futures, i see green. dow's up 170 points, and the nasdaq is up 56. the rally continues. and now look at gold. that just hit a 2-month high because of hopes for a rate cut. your now look at $2,440 per

ounce -- can you're now looking. today secret service director kimberly cheatle will brief house lawmakers on the assassination attempt. chad pergram on capitol hill. what can we expect? >> reporter: stuart, good morning. lawmakers are fuming. they demand answers, but questions outweigh the answers right now. two house committees want briefings today, the homeland security committee and the oversight committee. cheating will testify before the oversight committee on monday. >> the buck stops with me. i am the director of the secret service. it was unacceptable, and it's something that shouldn't happen again. we will be transparent both internally with my own folks and searchesly with members of congress and with the american public. that's what the public deserves. >> reporter: the senate homeland security committee mans to hold a hearing before august 1st. the house oversight committee demands a list of all a personnel and their roles at the pennsylvania rally. that includes local police. >> how did this happen?

how was this even possible with the amount of law enforcement on the ground regardless of their jurisdiction, federal, state or local? but how was this even possible? >> reporter: there's now a push to tone down the white-hot rhetoric, but some lawmakers doubt that will happen. >> both sides need to to turn the rhetoric down. i'm going to try to turn the rhetoric down, but it is really hard when the president of the united states says that is his chief opponent is a threat to democracy and when they're weaponizing the justice department against him. that being said, let's go after the policy, not the person. >> reporter: bipartisan lawmakers plan to work together on the investigation probing the shooting, but the real test comes next week. that's when congress returns to session. lawmakers fear the dark specter of politics could remerge then. stuart? stuart: thank you, chad. congressman james comer, chair of the house oversight committee, joins me now. congressman, i just want you to clear this up for a moment.

was the secret service responsible for securing that rooftop? >> absolutely. the secret service is responsible for securing the entire perimeter. i think the secret service director would admit to that. so we've got a lot of questions that every american has that we hope to be able to ask the director on monday can and then hopefully if she'll give us some transparency. and by then she'll be able to answer all the questions as to what went wrong, but i don't think there's any question anyone who's in the security business, anyone who's been in the military, anyone who's been in law enforcement, they're all appalled that someone could climb that roof and be noticed and stay on that roof for so long without anyone doing anything about it with the president of the united states speaking just 150 yards from there. stuart: congressman, special counsel jack smith, he's going to appeal the judge's dismissal of rump's classified documents -- of trump's

classifieded documents case. am i right, does that mean the whole trial is going to be delayed and biden's lawfare strategy has failed? >> biden's lawfare strategy has failed. their effort to try to keep donald trump tide up in court, to try -- tied up in court, to try to deep -- keep donald trump's campaign funds from being used to to defend him, all of that has a failed. the strategy of trying to create a false narrative that donald trump is somehow a crook, that has all failed. that that has a backfiredded miserably in the face of the biden campaign and the democratic national committee. now they're faced with a really tough decision. they're going to have to decide whether or not they can campaign on the issues, and i think the american people have seen what america looked like on the international scale and domestically in a trump the administration versus what we look like now domestically and on an international scale with a

biden presidency. stuart: just seems like trump's on a roll at the moment in all different areas. last word to you. >> yeah, no. trump's had a great week. i mean -- [laughter] the terrible thing what happened, but i think the american people saw the strength, saw his personality, the resilience, the type of leader he is. they saw leadership, strong leadership, and they have not seen that from joe biden. not just in the recent few weeks where his health is continuing to decline, but throughout the entire vice presidency. donald trump's a strong leader, and i think that's what america wants. stuart: congressman james comer, very good to see you again, thank you, sir. >> thank you. stuart: check futures, please. i still see plenty of green out there. 172 points up for the dow, 55 for the nasdaq. the opening bell is next. ♪ ♪

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stuart: another day and another rally by the looks of it. dow's up 170, s&p, nasdaq coming off all-time highs from the close yesterday. ray wang joining us today. okay, ray, big question. why is google spending so much money on cybersecurity? >> it's a great question and and

here is why. they are actually going after this market because it's $180 billion last year, it's going to be $425 the market by 2030 -- $425 billion. google's been going after cloud x cybersecurity is the counterpunch back at microsoft because microsoft went after hem on a.i. microsoft is starting to see -- customers are seeing weakness in the microsoft security product, and google wants to take advantage of that. and so whiz provides this interesting area called cloud security, and here's the beauty of it: they can go after aws, amazon, they can go after microsoft if as your and any other vendor by providing that layer of cloud security on top of that. as you know, cybersecurity is one of the top priorities in every company. stuart: but do they have a problem9 with the regulators for spending $23 billion, expanding even more and exercising their clout? the regulators might not like that. >> the regulators might not like that, you're absolutely right. when we saw the adobe-figma

deal, and they were accelerate9ically different, they were not like an integrated area, two different types of companies going after different types of market, the regulators shut them down. but with the potential likelihood of a trump presidency, it looks like antitrust could actually be a little bit more lax than it is today. stuart: okay. netflix reports earnings on thursday. what's so good about this company? it's $661 a share right now, and you've got a price target of $74 40. what's so good about -- 740? what's so good about netflix? >> they won the streaming war over the last three years, and they survived post-pandemic. secondly, they cracked down on pass word sharing and actually found more users as we saw in q1. there's an expectations they're going to gain 55.5 million -- 5.55 million subs this quarter, and they are driving almost a billion dollars in revenue last year. what we're going to see is the next level when they start take

merchandise to the next level at the netflix.shop store because that's where the market is really in the licensing. that's why people are fore ca casting $740, 7800, i've seen $80000. but 740 concern 80 to 90-- 800. stuart: i'll add a one more reason. i talk to a lot of people about streaming, and netflix always wince on content. what say you? -- wins on content. >> definitely. you saw supercell, eric, new shows are actually picking up steam, and, of course, they've done a great job with licensing deals, and we're going to start to see more if live programming coming into these net netflix deals over the future. stuart: you said it first, netflix goes to $740 a share. thanks for joining us, ceo gun real -- see you again real soon. five seconds until the open on wall street. the market is open, tuesday morning. we're opening on the upside,

clearly. that's an all-time high. $ -- 40,399 5. that -- 40,395. the vast majority of stocks are on the upside. i see 8 losers and 232 winners and the dow is now up a half a percent. the nasdaq composite, another new high, up 55 points there. 18,528, almost one-third of 11%. big -- 1%. big tech, the only loser is microsoft. they're down just 83 cents. amazon, meta, alphabet and apple are are on the upside. better check on djt, extreme volatility. today it's down 11%. a huge gain yesterday, so a lot of volatility there. lauren's with us. take us through the earnings,back stocks reporting

this morning. -- bank stocks. bank of america reported this morning. lauren: they're forecasting q4 met interest higher. the bad news is they reported lower profits in the past quarter, and they're setting aside more money to cover potential credit losses. stuart: we've got another bank reporting, morgan stanley. lauren: way down in the premarket, down, well, 1.if 75%. the issue is despite the market-sensitive investment banking remember knew rising by 51 percent, there's weakness in its key wealth business business. revenue grew, but the growth rate slowed to just 2%. stuart: okay. and they need that income p. lauren: yeah, that's why the stock is down. stuart: pnc financial is up just a little. lauren: yeah. higher profit, higher revenue. their deposits and net interest income did fall, is and they are setting aside more money for credit losses. stuart: that's the banks early this morning.

unitedhealth. they're a dow stock. what's happening? lauren: look at this gain, $19 or almost 4 it was a double beat. not all positive news. they're taking a loss when it comes to health care hacks, but the double beat is reassuring investors. dow stocker up nicely today. stuart: that's helping the dow industrials. okay. tesla. gotta get to them. i think they're way up again. yes, they are. 1.6%. what's going on now? lauren: the wall street -- stuart: this is trump. lauren: well, musk is backing him. and if not only is musk endorsing donald trump, the "wall street journal"'s reporting he is investing $45 million per month on the new america super pac that sports donald trump -- supports donald trump. that investment reportedly starts this month. that pac says it's raised more than $8 million so far from prominent if donors including the winklevoss twins. but musk went on x and say says, well, this is pa fake news. we'll see when we get the

december closure for july -- stuart: that would give you quite a lot of influence, i would expect. [laughter] apple. okay, they've got a preview version of their big, new iphone. they've got an update. think new features that i would understand? lauren: yeah. yeah. [laughter] i just want to point out, this isn't like the a.i. phone, this is some a.i. features. it's a preview of the way you can organize your photos, summarize if news, cap phone to phone and transfer funds, more shortcuts on the lock screen. you could rearrange your apps, i see how you don't care about any of this. but the reason why -- go ahead. stuart: well, i don't use any of those features -- lauren: i know. stuart: -- anything like those features on my phone. i'm very limited in my phone use. lauren: that's just you. look, yesterday morgan stanley, and we covered this, apple's a

top ping, and here's why. they say just 8 percent of the current devices on the market can handle apple intelligence, all the a.i. features. so when the real stuff comes out, everybody's going to upgrade their phone to get it. stuart: oh, that's the reason. simple as that. >> want to see me get stu mad? think of all the features you're not using that you're paying fo- [laughter] stuart: i better learn this thing. oh, it's prime day. lauren: it is. stuart: have you bought anything yet? lauren: no p but i need to buy a couple of things. keurigs are 40% off a, and the peloton is 30% off should anybody be breasted. so this is christmas in july -- be interested. i know todd's wife is shopping -- >> literally got a text while we were talking about this. lauren: adobe is forecasting amazon will bring in a record $14 billion today is and tomorrow. wolf is initiating amazon at outperform with a $250price target. if you look at prime day, the researchers all say that the two

days of sales is like 1-32 of net sale -- 1-322% -- 1-2 of sales globally, amazon never gives us exact numbers, but they did say last year day one was the biggest sale ever. stuart: it's middle of july. do you propose to do any christmas shopping on amazon today? lauren: no, i'm not that organized. [laughter] stuart: you're going to tell us what you're going to buy. lauren: i thought about it though. that sounds like a good idea. stuart: i don't get this one, walmart looking to get more into fashion for young adults. what's that mean? lauren: when you think about walmart, what do you think about? >> cheap things that i need for my house -- lauren: yeah. and affordable food also. they want to woo gen-z, so think clothing with recycled fab are ricks. inclusive. everything from size, and xs to 5xl. the pieces cost about $15 or less, so this is everything that gen-z looks at.

their fashion brand is 30 years old, so they're relaunching it, if you will, to appeal to gen-z. stuart: do young people actually go shopping and look for clothing that's made out of recycled -- lauren: i think so, some do. stuart: they actually look for that? lauren yeah. and they could explain the new apple phone to you too and and why you should care about it. stuart: i'm getting a lot of shtick this morning. starboard -- oh, this is for yo- >> why is this for me? lauren: gen-z can -- >> she's married with three kids, how is this for her? [laughter] stuart: what big changes are they going to make at a match? lauren: so timid ther is responsible for more than half of match's revenue, but it hasn't grown. it was a pandemic darling. everybody was stuck at home, everybody wanted to the date. now they need to turn things around. starboard is saying fixed your problems -- fix your problems or sell yourself. if you look, match is down this

year by 12%, but it's actually down 770 since it -- 70% since it separated from iac four years ago. >> you want to flummox yourself? look into the dating habits of this new generation. that's an entire segment in and of itself. your head will explode. it's completely different from what you and i are used to to. stuart: that's very true. but i think youngsters are getting tired of scrolling through potential matches -- >> there's also a lack of interest in dating. i'm being serious about this. stuart: the birthrate's down. coming up, president biden is downplaying concerns about his age. roll it. >> my mental acuity's been pretty damn good. i don't need notes, i don't need teleprompter -- i can go out and answer any questions with. stuart: gerry baker is coming on the show to sort it all out. what happens to j.d. vance's senate seat if he becomes vp? vivek ramaswamy expressed interest. we have that story. congressman byron donalds

was right next to trump at the convention. donalds uses hid speech to hit bind on -- his speech to hit biden on the economy. >> all americans deserve a shot at the american dream, but under joe biden's debilitating economic policies, far many, far too many americans, for far too many of them that dream has slipped away. stuart: there is a rising star of the republican party. donalds says the assassination attempt gave the former president a new sense of purpose. congressman donalds is next. ♪ ♪ so, what are you thinking?

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energy fuels, a leading american uranium producer, is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. energy fuels. stuart: the markets are all showing solid -- well, especially the dow, it's up 230 points. unitedhealth is a big winner, that's helping with 2000-point

gain. the rally continues. ands it is the second day of the republican cob vex. today's theme, make america safe once again. grady trimble is with us. grady, i guess tonight's going to be all about the border and crime then, right? >> reporter: exactly, stu. so you can expect to hear from everyday americans on those topics including relatives of victims of migrant crime, people who are advocating for criminal justice reform and families who have lost loved ones to fentanyl overdoses. poem here in milwaukee have -- people here in milwaukee have experienced crime themselves and in some cases very high profile crimes. here is the father who lost an 8-year-old son in walk shah parade crime where a repeat offender drove his car through that parade three year ago -- three years ago. >> our system is broken in some sense, you know? we need bail reform. we need to be harder on crime, you know? we can't let, you know, criminals who have such a past

have such avail, and we should have a system in place in order to identify these things and make sure they can't hurt -- >> reporter: on the topic of the border, in his first interview since former president trump chose him as his running mate, senator j.d. vance called for deporting illegal migrants starting with the most violent people. he also spoke about making it more difficult for people who are here illegally to work. if. >> it undercuts the wages of american workers, it invites more people to come in illegally. if you make it harder for people to works i think you can go a long way to solving the problem. but you've got to stop the flow. >> reporter: and probably the most high profile speech of the day will be delivered by former south carolina governor nikki haley. she, of course, was in a competitive primary profits former president trump said she stayed in the race for too long but once the assassination

attempt happened over the weekend, stu, we found out not only was she invited to the convention, but she would have is a speaking role. so that's tonight, and that shows you that the the republican party is really uniting behind their candidate and also just more broadly calling for unity across the country. stu? stuart: grady trimble, thanks very much, indeed. still on the subject of crime, the mayor of milwaukee, cavalier johnson, claims president biden is the, quote, clear winner when it comes to reducing violence. watch this. >> we've seen crime trend down year-over-year in milwaukee. so i don't think there's really much to touch in terms of public safety when you compare the policies, when you compare the records of donald trump and joe biden. joe biden is the clear winner in terms of reducing violent crime in the united states in his presidency. stuart: congressman byron donalds joins us now, republican from the great state of florida. your reaction to that statement from the mayor of milwaukee. >> my reaction is, is that if you look all across our country,

violent crimes, yes, they are slowly trending down, but it's still a major problem because they were at such a massive high when joe biden came into office because of the weak stance that democrats had and joe biden had with wanting to defund the police. it was terrible policy, made no sense. so, yeah, when crime ratchets up massively and then starts to come down, you can't just celebrate that. it's still massively up from where it was under donald trump. then you bring in migrant crime. we all know the stories of young women who have been brutally raped, murdered in our country simply because joe biden has refused to secure our southern border. so i don't know what the mayor of milwaukee's talking about. my eyes see different and so do the eyes of the american people. if. stuart: you were standing right next to the former president night when trump appeared. it seemed to he that he was less emotional a than normal, almost subdued. i think he choked up, i think he

was almost in tears. is this the the new, softer trump? >> well, first, i would say that watching him in the tunnel, i could tell he was a little bit more emotional. i think everybody could. and for good reason. listen, what happened, the assassination attempt in pennsylvania, stu, i'm telling you, sent meters away -- centimeters away, he could have died in pennsylvania. and so knowing to survive that,s i will tell you his resolve is strengthened, his fight for the american people has not abated. it's actually only gotten bigger and stronger. but i think he had an opportunity in his first public appearance since pennsylvania to kind of take in that moment. definitely was an emotional a one for him. it was really an honor to sit with him last night because, like i'm telling you right now, this man is a fighter, he is a leader. softer, i wouldn't say that because he is laser focused on what matters not american

people. but did he truly feel and understand that moment? 100%, he did. and for everybody listening, he is focused on all americans. that's his focus, that's what he's going to do when he becomes the next president of the united states. stuart: congressman byron donalds, always good to have you on the show. come back soon, please. we'll see you tonight at the convention. >> thank you. stuart: todd, let's go back to the mayor of mill withdraw coe saying biden is the clear winner when it comes to reducing crime. what's your comment on that? >> that's a lie. it's like me sitting here saying i'm lionel messi. and the reason they rely on that, you talk to people this law enforcement, we talk to a number of finish former fbi agents on our show, and they all say they're not counting a number of crimes in their stats. that's like me saying i'm the best goalie in the land but not continuing when they score goals against me. it makes no sense. look at the real number's, crim.

stuart: internal coverage of the re -- special coverage of the republican national convention continues tonight here on fox business. president biden interviewed with nbc. vance, 39. biden, 81. quite the contrast. the future9 and the past. that's my take, top of the hour. biden's latest move to win over voters, putting a 5 cap on -- 5% cap on annual rent increases. not everybody's onboard with that. the full story is next. daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing?

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♪ ♪ if. stuart: president biden is set to unveil a new plan to put a 5% cap on annual rent increases. edward lawrence at the white house. first of all, tell me more about this, edward. i gotta tell you, i didn't think there was any such thing as a national rent control. >> reporter: yeah. the president's trying to the roll this out, you know? this is policies that we haven't heard a lot about. there was a lot of talk about the it in local cities back when jimmy carter was in office here. the president trying to roll out national rent control. the catch is congress has to pass it. >> i'm not anti-corporate, but corporate profits have doubled since the pandemic, doubled. it's time to get things back in order a little bit.

it's time, for example, if i'm reelected, we're going to make sure that a rents are kept at 5% increase, corporate rents for apartments expect like and homes are limited to 5 percent. >> reporter: so he's calling on congress to pass a law giving corporate landlords a choice, cap rent increases at 5% or lose all available federal tax breaks. the president also calling on federal agencies to assess surplus if land that could be repurposed for affordable housing. now, the president in nevada today where the bureau of land management identified 20 the acres to be sold below market value. the land would fit 150 homes, and 80 would have to be sold making less than the median item. this is more election handout toes to buy vote, say republicans. >> the democratic party is going to try to continue to hoodwink the american people as to what's causing the pain for so many families to not be able to afford what they need. but the american people are going to remember this

administration if unleashed a wave of spending at the beginning of the biden administration, and we are still dealing with the consequences of that. >> reporter: so in a divided congress, it's unlikely, slim chance, that rent controls would be passed. stu? [laughter] stuart: i'm dying to see it. edward lawrence, thank you very much, indeed. and, todd, thank you very much for being with us. >> pleasure, as always. stuart: deroy murdock on the teamsters considering no endorsement for president this year. how big a blow would that be to biden? house ways and means chair jason smith on the dismessal of trump's classified documents case. has biden's lawfare failed? senator john thune, has trump reunited the republican party? and jerry baker on the d -- gerry baker on the dnc pushing to nominate joe biden next week. the 10:00 hour is next. ♪ if. ♪ ♪

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