>> don't stop me now. is that a reference to biden having a good time? maybe it refers to trump? you always correct my mistakes. you are very good at that. 10:00 eastern. the dow hit 41,000 for the first time earlier today. it is up one hundred points, up 700 points yesterday. it crossed across that 1000 point barrier. the 10 year treasury yield below 4.4%, the price of oil $82 a barrel. that's the markets. the momentum was building. 2,000 congressional democrats called on the president to step aside. donors were beginning to pull back and polls were moving

against him. it looked like biden would soon be leaving office. then came the assassination attempt and no longer a good idea to remove a sitting president. the movement to get them out has stalled, the president repeatedly said he's not leaving, he staying put. the polls that moved against him, does he get confused? no. he told mr. hold his mental acuity is pretty good. he's in denial, he's buying time and that strategy is working. there been no further defections since the assassination attempt. now the biden team is moving to lock in his nomination early. they have a rollcall of delegates. once they make that commitment to biden public and official it becomes much more difficult to commit to somebody else. there's another reason for democrats to keep him. kamala harris. if biden steps aside, the vice president will be the strongest contender to replace him and

democrats know she's unlikely to beat trump. biden's nomination looks more likely. he's out and about shoring up support, the naacp yesterday outreach to hispanics today. if he can stay in the game he will be at the top of the ticket in november. what he has to avoid is a catastrophic mental or physical collapse. his handlers are scheduling plenty of downtime so he can rest. it is wednesday, and his beach house. the second hour of varney just getting started. come on in, guy benson. do you think biden will be at the top of the ticket in november? >> reporter: i had a bet with my father for the past year on this question. my position as he will be the nominee. my dad's is that he won't. we will find out in a couple

weeks. bottom line riding on it. i hope i'm right. a lot of people on the trump campaign hope i am right but i will say this. i was in milwaukee since friday and the other night i was invited to a party. democrats and organizers and people trying to help whoever is at the top of the ticket win this election especially in this crucial state. a young woman whose very experienced in this space is from milwaukee told me that the milwaukee area, she told me everyone is feeling morose about biden, worried about the election, don't think it's going well and i said, i won't quote you by name, i'm just genuinely curious, how do you feel about kamala harris, if they swap it out, how do you feel about that? she said, pause, and said you're right, it would have to be harris almost certainly. based on what we are hearing on the ground in this state at least, we are more nervous about how she would perform at the top of the ticket van by.

we are not feeling great about biden but that is what we know so that is one person's view. she would love to change the whole ticket but it's not realistic at this stage. stuart: i think he's going to be the top of the ticket in november. according to ask io's multiple photographers were worried the photo of trump with his fist up moment after the shoot would be a, propaganda machine that would make trump a martyr. another photographer from a major news outlet suggested the media should bury the photo because it is free pr for trump and dangerous for media organizations to keep sharing the photo. that is outrageous to bury that photo. that is outrageous. >> it's patently ridiculous. it's not going to happen. we've all seen it. it is on t-shirts here. that photo isn't going anywhere. that photo will be in the annals of history, that photo

belongs to history immediately and this idea, it's been a running joke is that when leftists don't like something they decide it is dangerous, can't just be we are uncomfortable with that or hope it doesn't happen but it's dangerous for democracy. this is the most cartoonish version of that. it will look good for trump. the man was almost murdered on live television and had the presence of mind to get up and pump his fist and encourage and reassure his supporters, i think it turned that moment when you survive in assassination attempt and respond the way you do, they will be whiny people worried might look good for him. i don't know what to say to that which it gives a glimpse of the mindset, thank god that tiny handful of people.

vivek ramaswamy gave a speech last night where he spoke to the younger generation. lauren: he said you need to be vote and daring and make your selection. >> the message is of this. he will be the generation that saves this country. you want to be a rebel, you want to be a hippie, you want to stick it to the man, show up on your college campus and call yourself a conservative. say you want to get married, have kids, teach them to believe in god and pledge allegiance to the country because we are infectious in this country, courage can be contagious too. that's what it means to be an american. lauren: he said success is unifying, he's right. stuart: president biden repeated his pledge to tax the

wealthy. >> end trump's tax cuts and make the tax code fair, i can't find a commitment, no one making less than $400,000 since the pandemic. 1000, billionaires. the federal tax they paid, 8.2%. that's the federal tax, 8. 2%. we will make billionaires pay a minimum of 25% and when we do that, that alone will generate $500 billion in revenue over the next ten years. stuart: we have charles payne with us on the set, 8.2%, $500 billion.

charles: just throwing numbers out of. let's get this straight. president biden has been the greatest president for wealthy americans ever. he just admitted it. he didn't say me. since the pandemic. it was you. you poured one. $4 trillion into the economy you didn't need, you've given the richest corporations in the history of humankind billions of dollars to build factories. doosan tax incentives. give the biggest corporations billions of american taxpayer dollars. giving billions in taxpayer dollars. stuart: tax the rich pleased well in leftist circles. president biden made the democratic party the party of the 1% and educated elite. the study acknowledged that. more democrats feel more upper-class than middle-class.

tens of billions to college grads, people with phds don't need to give taxi drivers money. the money he has given them is nuts, the money afford to the economy, they know will go to the top 1%. also known as biden donors. stuart: is this a trump rally or biden rally? charles: those parts are baked in. a real interesting stat being led by some you've never seen before. there's only been of all times small caps have rallied more than 10%. almost any time extremely oversold, only once did it happen above the 50 day, november 5, 2016, running on the eve of the election. a lot of people since then, trump is going to win, why wait

until november, there's urgency to be in small caps because trump will be a domestic us economy focused president and small caps represent the domestic economy. stuart: the nasdaq composite is down 400 points. there's a big selloff in chip stocks, that's a huge downside move. charles: those will be buying opportunities. the biden administration is talking about a special pushback on companies selling high end chips but the big companies hurt the most by, one is the company based in japan. for it to be down to sympathy, watch nvidia. nvidia under 118 is a problem. short-term problem for these. is at 118? watch nvidia.

charles: you don't want to see it move below 118. charles: that the support point with urgency to sell. stuart: watching you at 2:00 p.m. eastern, "making money with charles payne". let's have a look at the movers. i want to start with amazon. the first day was yesterday. charles: sales were up 12% from last year, best day of the year and we have an ad portal that crashed yesterday. brands, on the apps on prime day, put a bid on keywords at the top of the search. separately amazon is down 3%. talk about antitrust, might be in the regulatory crosshairs for trying to stay out of them.

what amazon has been doing is coaching their top talent licensing their technology. regulators are not concerned but they noticed this and are looking into amazon even though they didn't by the company. stuart: netflix report tomorrow. lauren: subscriber additions, think about 4. 8 million new subscribers. what do we do? take summer vacations. they will focus on and revenue. stuart: 5 below a discount retailer. lauren: down 20%. the ceo stepped down and sales disappointed. the consumer is under pressure. jeffries is citing strength, stealing from 5 below. they have the top price target here. charles: i will talk about this.

they use the word disproportionately. in other words the lower income that hammered so bad, upper income households going to 5 below, disproportionate, the economy we live in. listen to these retail operators. stuart: former cia station chief dan hoffman says russia and china are weapon icing the assassination attempt on trump with disinformation campaigns and election interference. eldridge colby deals with that. federal authorities discover potential irani an assassination plot against trump just weeks before the weekend shooting. sources say iran is not connected to the attempted assassination. david spunt has the latest from the justice department.

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stuart: the outstanding feature is the nasdaq composite down 400 points. the nasdaq is down so much. there is real pressure on the chipmakers that are down significantly in terms of percentages. there is all kinds of reasons for this but chipmakers are pushing the nasdaq down 400 points. sources say homeland security received intelligence about an uranian plot to assassinate donald trump. there's no evidence iran is interested. what more do we know about the uranian assassination plot?

>> federal sources plugged into this, it came from a confidential human source. department of homeland security got wind of it in the last several weeks. when i heard about a threat, attempted plot to assassinate donald trump. this is something that caused the department of homeland security and secret service to beef up the security of the former president, beef up his security detail but that is at odds with what we saw saturday when donald trump did not have enough security, as you mentioned there is no indication these are related at all. thomas brooks, not related to the sources but one source does tell us donald trump has had a continuous threat stream against his life since he ordered the killing of general

soleimani in january of 2,020 come originally that source came to the community and there's something about this plot that made officials concerned. this is a picture we have obtained from a local pittsburgh station that shows a transcript of the pennsylvania investigation found next to his body after he was shot by a secret service sniper. officials have yet to announce a motive. he was hoisted by another officer. that officer dropped off floor roof, the shooting began. fox told the butler county sheriff's department who was not in charge of the officer, receiving threats from the public and today on capitol hill, a briefing before the senate and the house, includes the department of justice, secret service and department of homeland security but most of these go to the secret service director who insists she's not resigning. he will be testifying on monday

and you can expect intense questions there. stuart: former assistant defense secretary eldridge colby joins me now. are the irradiance exploiting the turmoil in our own politics? >> i am sure they are. we don't know the stories developing in terms of precise outlines of the uranian plot but the fact there was an assassination attempt to that he survived, it shows it is inexcusable how little protection he had. stuart: should the director of the secret service be fired or resigned? >> i think she should have the dignity to redesign and then fire her, no question. stuart: the secret service is responsible for the safety of the president and if someone is shot everything has to change. is that the rationale?

>> as donald trump puts it, got to look at foreign policy and security policy from the standpoint of results. ultimately going to the political authorities to make sure presidential candidates are not getting shot at and having them plot assassinations that have been going on for some time. mike pompeo, pastor robert o'brien, it inexcusable and she should resign. stuart: how will china and russia exploit the trump assassination attempt? they are trying to divide us and will use the assassination attempt. >> they will try, one thing that was inspiring about his response when he was almost killed. he had an instinctive reaction that galvanized people around

the country that we are not going to take this kind of thing lying down. as he said in the bloomberg interview, our foreign policy has pushed china and russia into a marriage, a truism that we don't want china and russia on the same side. if you look at the results, we are on the verge of world war iii, we need a change of foreign policy as the platform says, common sense putting american interests first, peace through strength, re-industrialization and using military sparingly because it has been overused but we've got a lot of talk about commitments but not backing up with real strength. stuart: always appreciate it. derek van alden says he was assaulted by a pro-hamas protester at the are in c. >> protester shouted when he

tried to enter the convention. he's had enough from their disruptions and ideology. >> next four years is about them making the country wealthy, safe and strong, peace through strength. i'm not going to let a glory seeking pro-hamas interfere with that. that's not what this is about, freedom of speech is freedom of speech but when you touch somebody you've broken the law and hit harder by air coming out of low dryer but the point is we will no longer allow these people to intimidate us. >> they say the congressman pushed one of their protesters, that protester was arrested. stuart: special coverage of day 3 of the republican convention continues tonight at 7 p.m. pm eastern on fox business. still ahead. conservative women flock to milwaukee to support trump.

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stuart: check the markets, the standout features the sharp decline in the nasdaq, chip stocks way down. one of the movers is asm l. lauren: it is down 10%. they were considering the most severe trade restrictions the give china access to the most advanced chips. they make the fancy chip machinery for chipmakers, samsung. 49% of their sales from china. the threat of more export restrictions. stuart: how about intel. lauren: intel is up, a

chipmaker, they would watch intel, you see texas instruments is up, intel is up 4% or 5%. they are calling them domestic winners of the us furthers their restrictions on china. stuart: spirit airlines. >> after the deal with jetblue, forecasting a bigger quarterly loss because they are bringing in fewer fees, a rock-bottom price is not what you pay. checking your bags. if they are buying a seat and spirit is not making as much money. stuart: "varney and company" 0 will take the stage tonight. the theme is make america strong once again. give us a preview.

>> ron desantis and nikki haley give support for donald trump and it's a brutal republican primary season. look like the hatchet is buried. take a listen. >> you don't have to agree with trump to vote for him. we agree more often than we disagree. >> our enemies do not confine their designs between 10 am and 4:00 pm. america cannot afford four more years of a weekend at bernie's presidency. >> reporter: last night focused on the border and crime including having everyday americans speaks an emotional speeches including moms who lost their sons to crime and fentanyl. take a listen. >> it is too late for my son,

weston. but we can change this for your children. we need donald trump back to save the lives of our kids. >> my son, and afghanistan war, retired veteran, received enemy fire from the taliban only to be murdered with a knife on the streets of new york city. >> reporter: tonight's theme is make america strong again. there's a heavy emphasis on foreign policy. trump's vp choice, j.d. vance will deliver his speech tonight. he confirmed he spoke to kamala harris with a source telling fox news digital the court was short and respectful. he expects to talk about his upbringing and out here live,

others include texas governor greg abbott and a jewish alumni of harvard university who is suing harvard for discrimination as a result of anti-israel campus protests that swept across the country following the october 7th attacks. stuart: we've seen a sarah huckabee and powerful speeches. you've been writing about this. what do women like about trump? >> in the past, democrats tried to to sell themselves as the party of women because of their stance on abortion, but trump supporting women need a stronger economy, safer cities and a secure border. what i'm hearing from women at the convention. stuart: nothing to do with

gender or a strong economy, nothing to do with it. >> that points to how desperate they are on better leadership. they are bearing out in polls, polling women shows president biden is better with suburban women and minorities but trump voting women are more loyal and are more enthusiastic to go to the polls, their dissatisfaction with politics is lower so they vote for the former president because things are so bad especially on the economy, that's their number one issue and the number one issue in polling. stuart: biden will try to appeal to hispanic groups, speaking to particular groups. are the democrats losing the hispanic vote at this point? >> numbers have been flipping

but for hispanic women in particular this will be an issue going forward for the same reason, it is simple for the economy. it is immigration, crime rising in their cities. everyday americans speaking seriously. we hear from so many mothers, one who lost his son to fentanyl overdoses. women don't care about the token women issues at this point. number one is getting the country back on track on the economy. stuart: ethnicity and gender don't count when looking at the economy and its performance. thanks for joining us, appreciate it. see you soon. rachel lauren is the mother of 5 who was killed allegedly by an illegal migrant in maryland. what did he say?

lauren: he says biden never says the names of the victims and when he does is not correct and he lets the murderer in the killed the mother of his nieces and nephews and never calls to give condolences to the family. >> the monster arrested for killing rachel entered the us unlawfully after killing a woman in el salvador. president biden and his designated borders are, kamala harris, opened our borders to him and others like him. empowering them to victimize the innocent. to this day, we have not heard from president biden or kamala harris. they never apologized. lauren: he ended his speech saying i pray that our killer

will find jesus christ and i thought that was a big thing to say. i don't know if i could say something like that. stuart: christianity played a strong role at the republican convention. coming up, j.d. vance spent five years in silicon valley, the connections he made became crucial to his political career. we will tell you how tech billionaires gave him a boost. elon musk moving the headquarters of x and space x to texas after governor newsom signed a law banning schools from acquiring staff to notify parents about their child gender identity. kelly o'grady has the full story. ♪ ♪ all my exes live in texas ♪ and texas is a place i dearly love to be ♪ but all my exes live in texas ♪

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stuart: the dow is up 103 points. 41,054. the nasdaq is up 400 points. the price of gold, record high yesterday, $274 a month. elon musk is leaving california. kelly o'grady joins me now. this is about transgender students. >> the first in the nation law. he moved because i headquarters for economic and political reasons in 2021 but newsom signed this new legislation and preventing schools notifying parents of their child changes there general uses different pronouns. musk said this could

permanently damage children, i did make it clear to governor newsom laws of this nature would force families and companies to leave california to protect their children. the billionaire also affirmed he would move x to austin, excellent he was tired of dodging violent drug addicts simply to get in the building. newsom fired back on social media, shared this screenshot of a post from 2022, has donald trump criticizing musk with the caption you banked the knee. texas governor abbott says x marks the talk, texas is the headquarters for business. this is brilliant news in the area. >> companies coming to texas, keep everybody, his knowledge realistic.

that is an amazing tally that is well-trained. >> reporter: think what this means for california. funded by taxes from the wealthiest people and wealthiest companies. stuart: thanks very much. trump is about to get money from a couple silicon valley investors. lauren: the billionaires, been horowitz ponying up for trump major crypto supporters, president biden is not. >> a brutal assault, intensely frustrating. >> subverted the rule of law to attack crypto.

lauren: spoke about this to test unrealized capital gains and increase taxes on capital gains. the startups, they provide funding too. namely j.d. vance's company. they were backers. vance comes in. elon musk starts talking, they come together in silicon valley. these rich people who had innovative ideas, less regulation and less taxation. stuart: surprise surprise. money moves things. the teachers union, randy weingarten says she's glad the teamsters president spoke at the are in the sea -- rnc. he likes the way he savaged biz. that -- big business. biden slam trump for deploying

the national guard against peaceful george lloyd protesters. the city of minneapolis was on fire. leo terrell deals with it next. ♪ ♪ (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. ♪ in any business, you ride the line between numbers and people.

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stuart: nothing changes. the nasdaq composite down 424 points. it is creamed across the board. big tech not doing well jeffrey one of the big tech stocks is down sharply. apple, amazon, meta-is down 20 points, microsoft nine. biden spoke to the convention in las vegas yesterday and slammed trump for deploying the national guard against what biden called peaceful george lloyd protesters. >> president biden: the pandemic was devastating to black communities. in other communities of color. that academic crisis drove a block on employment, decimated

small black businesses and you peacefully protested george lloyd's murder, donald trump called for the national guard to go after the. what the hell is the matter with this man? i am serious. go figure, and guy who said barack obama wasn't born in american wasn't a us citizen. stuart: what is the matter with this guy? because he wanted to deploy the national guard? leo terrell joins us, the streets were bernie, minneapolis was on fire, what's wrong with deploying the national guard? >> reporter: this is president biden's rhetoric, the race card, he goes to the naacp, plays the race card to. . there were no peaceful protests. there were riots, arson, murderers, attacking police officers, civilians, calling get the national guard was an attempt to get law and order and some of these cities

refused the national guard. this is president biden running scared because donald trump has a big tent, blacks, hispanics, so what does biden do? try to play the fear game and the race card, does not work. stuart: didn't seem to get a great reception from the crowd. i didn't hear a standing ovation when he was criticizing trump. doesn't seem like he has got it. >> they are tired of it. they heard this for 50 years, systemic racism. lowest unemployment for blacks under trump, check the facts, he just lied, he has no problem lying about the trump record, blacks, hispanic, all-american there's had money in their pockets under the trump administration and that is why again, not to tease you, not to

harass you, a little side bet, 18% or more blacks will vote for trump in 2024. stuart: you reminded me, pay up if i lose. another one for you. teachers union boss randy weingarten was glad to see fellow union president sean o'brien go after big business in his speech to the convention. she also blamed republicans for defunding schools. let's get some truth here. it was her pandemic policies that cause a huge learning loss. >> randy weingarten is lying. democrats had nightmares for the teamsters president to speak at the republican convention. that means big tech trump policy where union members and union leadership is looking towards the republican party. he praised josh harley and other republicans.

randy weingarten is nothing but a democrat agent, the teachers union destroyed public education, the quality of education, suffering 0 proficiency, math and reading in baltimore, randy weingarten is the perfect reason union members are leaving, she's an agent for the democrat party and what you saw is an open door policy for all union members. stuart: the president of the teamsters union bashed big business but did not endorse biden or trump. that the blow to biden i presume. >> a massive endorsement. trump wins with endorsement for trump were no endorsement. no endorsement signals to the democrats their grip on unions

cracking, and that's the beginning of the end of this coalition of unions and minorities -- stuart: i promised to do that. california congressman darrell isa on the irani an assassination plot against trump. liz peek on whether we will see a new trump at the convention. biden reportedly considering term limits for supreme court justices. the 11:00 hour is next. ♪ ♪ ♪ ...

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what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like clean water. and what promising new treatment advances can make a new tomorrow possible. better questions. better outcomes. >> what really did send this message of overwhelming unity and showing you can be from a different faction but the party is united around this candidate. >> the way to solve this whole thing with biden is to put someone in there that people actually want to vote for for president, if you're worried about his longevity. everybody knows if they don't do their job they lose their job. well the federal government doesn't do that and that's one thing that frustrates americans. >> stuart your importance, first of all they go