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tv   Varney Company  FOX Business  July 17, 2024 11:00am-12:00pm EDT

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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 got deep
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doubts about him and then they aren't going to trust what they hear from the white house. >> biden is trying to short circuit the process in order to guarantee his side wins. that's not what the court systems all about. >> i think you kind of earn that moment when you survive an assassination attempt and you respond the way that you do and there could be people worried it might look good for him. i don't even know what to say to that. ♪ stuart: change his minds, is that significant to any of the stories we're reading today? maybe can biden change his mind? lauren: can people change? stuart: can trump deserves become a new man. that's what they are getting at is trump the newman. let's get on with it, 11:00 eastern time it is wednesday, july 17. look at those markets. we're totally mixed picture there. the nasdaq is now down 438 points, at 2.3%. the dow jones industrial average is up .18%, 72 points adding to
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yesterday's 700 point gain. that's a mixed market. show me big tech. they are all down. the chip stocks are really taking it on the cheek. alphabet, microsoft, apple, amazon, meta all of them down significantly. the yield on the 10 year treasury, that's not got much to do with the nasdaq's decline today. we have the yield at 4.18%. got it. now this. did the assassination attempt mellow donald trump? he looked like a different person when he walked into the convention monday. he seemed thankful to have survived. he'd come very close to death. perhaps it changed his outlook on life and a more positive outlook, less angry, more forward-looking. a close brush with death can change the way you see your life going forward. in march, 1981, two months after taking office, ronald reagan was shot outside the washington hilton hotel. one bullet punctured his lung, inches from his heart.
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he was sworn by secret service agents and rushed to the hospital. he chose to walk into the emergency room. it was a display of courage. in the operating theater he complained jokingly that the doctors had ruined his thousand dollar custom made suit, and when first lady nancy reagan arrived he said honey, i forgot to duck. his humor went down well with a worried nation. the polls showed his approval rating went straight up. reagan believed that god had spared his life so that he could go on to fulfill a greater purpose. could that be the same for trump four decades later? he has said he was surprised at his survival. he was clearly grateful for the heart-felt reception he received at the convention and he is rewriting his acceptance speech, to stress national unity. he's looking forward. he survived, he's positive. the assassination attempt changed ronald reagan and it changed the way the country felt about him. something similar seemed to be happening now, with donald j. trump. third hour of "varney" starts
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right now. stuart: liz peek with me this morning. you heard my commentary today. do you think we're seeing a few trump emerge at the convention? >> i think people are seeing trump as a human being for the first time. not as a political cartoon which is what the left has created for donald trump in the last four or five years, stuart. i was listening this morning to an interview on bloomberg radio and they were interviewing a guy who had gone down to mar-a-lago, did a big piece for the magazine and they said what was the thing that surprised you? that he was a nice guy. that he tried to be a host. that he was, you know, he wanted them to like him. this is the part of donald trump no one has seen, because you have never seen mass media portray him as funny. he is funny, or
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self-depricating, or humble or pleasant. intelligent voters on the left should ask themselves why was all those years when wall street would get maybe bowi bogus numb, they still did business with donald trump. guess what. they had other choices but he's likable. people wanted to be in the room and by the way that also should apply to why i have so many people stuck with him for so many decades? because he's actually, he's not this actually, this is what i was really angry about four years ago with the first debate that he came across as his angry man. i don't think that is donald trump and that is what he was told to be by chris cristi and rudy giuliani in that first debate and it killed him. now, people are seeing a human who is overwhelmed with emotion, which he really was on monday night. it was a very moving thing to show him walking in like that. i thought it was very
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impressive, and yeah, i think if people watch that, they will get a different view of who this man is. stuart: now, president biden, now he says he will reevaluate staying in the race if he had to deal with a medical issue. watch this. >> if some medical condition emerged, if doctors came and said you've got this problem and that problem, but i made a serious mistake in the whole debate, and look, when i originally ran, you may remember, i said i was going to be a transitional candidate and i had thoughts i'd be able to move from this to passing it on to someone else, but i didn't anticipate things getting so, so, so divided, but there's more to do and i'm reluctant to walk away from that. stuart: reluctant to walk away from that. >> so, so, so divided in his own party because half the party wants him in. adam schiff and nancy pelosi are now on md.com trying to figure out what kind of symptoms his
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doctor should be looking for and saying joe you have to get out of the race because you have a disease we haven't been able to pin down. stuart: we just had this come at us, liz and this is germaine to biden staying in the office. the dnc revealed that virtual roll call to nominate biden. it's not going to occur before august 1. that tells me that biden wanted to have this roll call early as possible, to lock him into the nomination, but the democrats are revolting saying no, no, no, we're pushing that nomination off until august. >> yeah, the group surrounding joe biden wants this done. they want him to be the nominee and to quell all this conversation and discord about whether he is or isn't, not since hamlet have be seen such indecision, right? but the reality is, stuart there's still a big block of the party that doesn't want that to happen so look, is it incredible split screen? it's remarkably united republican party, celebrating their unity, their ideas
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for the future, democrats absolutely in panic mode, even adam schiff is raising his opponent in california. they are in panic mode and, you know, i mean look. let's just fingers crossed the republicans don't mess this up because we know they can always do that, right? stuart: i like that news though, adam schiff is -- >> he raised less money than garvey. no wonder he came out yesterday like oh, my god we're doing so badly. stuart: thank you, liz. appreciate that. >> sure. stuart: i want to get to the markets, because there's action today. look where we are, dow is up 60, nasdaq is down 447 points. kevin joins us in new york city today. now, you've been writing that it's time to take some money out of big tech. okay fair enough but where does it go? >> i believe it be wise for investors to not necessarily abandon those magnificent technology stocks that have accounted for over 70% of the returns of the s&p 500
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during the first half of the year or 83% of the earnings growth of the s&p 500 over the last 12 months but now is the time to diversify beyond large caps. stuart: so sell a little of it, right? >> sell a little bit and look to diversifying into the unloved areas of the market. stuart: but wait a second. you don't think the big tech can go much further? >> i think it can go much further and i don't think you should abandon it completely but investors wouldn't be wise if they are coming off the sidelines now out of those short-term brokered cd's or treasury bills trying to play catch up for the returns they missed already going to a more diversified portfolio, include large cap growth technology, but also look to areas such as international. small cap stocks, municipal bonds and how about those unloved sectors such as healthcare, utilities, consumer staples, industrials. stuart: i was going to jump in and say how about those dividend-paying stocks? some paying 5% to 6% your dividend is safe and the capital is safe, the stock won't go down that much if at all. i like that as an alternative to
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big tech. >> i love dividend-paying stocks especially those companies raising their derived denneds, have positive free cash flow on their balance sheet that could support those dividends, and potentially increase those dividends in the future. some of the names we like that pay dividends, stewart in those sectors i spoke about before, utilities has a dividend yield of 3.2% not too bad. walmart and consumer staples 1.1% but who would bet against walmart? industrials, aerospace and defense, how about lockheed martin? and finally united health, one of the largest private headwind insurers with over 53 members globally, they have a yield of nearly 2%. those are attractive areas in the market trading at reasonable valuations and they pay dividends. stuart: kevin that is good stuff especially that you nighted health because we are going to deal with that right now. united health is a big mover today. lauren: dow stock. stuart: is the dividend yield still 2% when you got the price of the stock rising like this. its got to be more like -- >> it's going to be a little
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below 2% right now probably the 1.8% range but they have positive free cash flow, they continue to grow their client base, and hey, their stocks doing pretty well. stuart: with a capital gain as well. lauren: and three are up 11% this week at a new high, with an upgrade today jefferies giving them a price target at 563 now, jefferies says 647 to be exact. they see strong medicare advantage growth and better margins next year. stuart: okay. >> i'm good with all of that. stuart: another one that i missed. apple, where are they? lauren: this is separate news apple is down big as is technology in general but they are backing a $50 million fund to support affordable housing in san francisco. the latest investment starts with four projects and 400 homes. stuart: okay, vf corporation. lauren: way up, four-month high so the maker of raybans is buying a company that hadsvf owns, it's called supreme, for $1.5 billion. well why is the stock up 10%? because they have a big debt burden and that sale lowers that
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debt burden. stuart: works for me, 10% gain not bad at all. thank you, lauren. coming up president biden reportedly planning to support major changes to the supreme court like term limits and enforceable ethics code. we're going to dig into that for you. a mother whose son died from fentanyl poisoning tore into the democrats for the border crisis. listen to this. >> i hold joe biden, kamala harris, the border czar, what a joke, and gavin newsom and every democrat who supports open borders responsible for the death of my son. stuart: we will have more of her emotional speech from the convention a little later in the show. fox sources say homeland security received intelligence on an iranian plot to assassinate trump. congressman darrel issa is on the house foreign affairs committee and will fill us in more on this plot, next.
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the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house!
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there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title.
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stuart: lawmakers are livid about the lack of information from the secret service regarding the assassination attempt. chad pergram on capitol hill. chad, what is speaker johnson doing to get answers? reporter: well, good morning, stuart. lawmakers simply want to understand how the gunman could station himself on a nearby roof and have a clean shot at former president trump. house speaker mike johnson says congress must move swiftly. >> i'll be setting up on monday a task force, a special task force within the house and the reason we're going to do it that way is because that is a more precision strike. it goes quicker.
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there's not a lot of procedural hurdles and we'll have subpoena authority for that task force as well. reporter: johnson says he is not getting satisfactory answers from the department of homeland security. there are also doubts secret service director kimberly ch cheatle will testify at a hearing monday, that's why house oversight committee chairman james comer will officially issue a subpoena for cheatle today to compel her appearance monday. she contends the secret service did not cut corners when protecting former president trump. >> what we felt was appropriate for the former president and for that particular event on that day. we have been increasing the assets and the resources and the staffing that we have been providing to the former president since he was a presidential candidate and then the presumptive nominee, that's what i can tell you. reporter: but some lawmakers believe the failure was so catastrophic that cheatle needs to go.
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johnson says she must step down, calls for her resignation could intensify in the coming days. >> taking responsibility sometimes means you have to say look, i failed and i have to leave my job. that's what happens unfortunately so if it was her responsibility to make sure this was done right i don't know how she can continue to keep her job. reporter: there are separate house and senate briefings today for members. the virtual briefings are not classified. lawmakers hear from the deputy director of the secret service and the number two at the fbi. stuart? stuart: chad, thanks very much indeed. now this. fox sources say the homeland security department discovered a potential iranian assassination plot against trump and this was weeks before the shooting. iran is not connected to the pennsylvania attack of course. california congressman darrel issa joins me now. congressman, you're on the foreign affairs committee. i want to know more about this iranian plot. what do you know? >> well, what we know is that this is not the first plot.
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they are constantly looking at ways to do terrorist attacks and particularly, they don't want trump back. stuart, there's no question at all. they've gone from a couple hundred thousand barrels a day under trump to over 2 million barrels a day. that's the kind of money that would make you send people out to kill the former president, just to keep the status quo where they're doing just fine. they can attack in israel, they can attack in the red sea. they're winning right now under this president, and they want to keep on winning. stuart: but there's a suspicion that the iranians are exploiting our domestic political turmoil. seems like that's what they're trying to do, right? >> oh, the whole world is exploiting it. china is actively paying for protesters to talk about the philippines. obviously russia is deeply ingrained in holding on to this status quo that has let them actually be winning to a certain extent in ukraine, and
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there's no question at all. iran has done very well under this president both economically and with the military advances they've made. this is very high stakes but what you covered a minute ago, stuart, was so important. we have to hold the secret service accountable. they clearly failed and they failed in a way that was only not the death of our nominee by pure fortune of turning his head. stuart: indeed. congressman, elon musk says he's going to move x and spacex headquarters from california and go to texas with him. it comes after california passed a law prohibiting schools from notifying parents of their child's gender identity. musk called that the final straw. so what do you say to moving your corporate headquarters and all those thousands of people for purely personal reasons? >> these aren't personal reasons. the business environment in california has been abusive
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for a long time. there's a reason that elon, whose one of the smartest men i've ever met in my life, made a decision not to put his battery factory there. he started in california. he built both spacex and tesla in california, but all of his investments for the last several years have by definition had to be where he could do business and be competitive and moving his corporate headquarters allows them to concentrate on the vast majority of the world, not on a california, that doesn't want him or anybody else really whose making real things. that just isn't what california is about right now and he's not the first or the second. intel, headquartered still in california, doesn't have any fabs. they've moved their production of chips around the world and into arizona and other states for a darn good reason. we're abusive and particularly, when you need energy. stuart: the least attractive state to do business, california. darrel issa, thanks for joining us, sir, we appreciate it
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always. thank you. now this. >> thank you. stuart: lauren, i want to know about governor newsom. how did he respond to musk taking his x and spacex off to texas? lauren: he put on social media, you bet the knee, caption above a 2002 post by elon musk that was very critical of donald trump. i would just say okay that's what he said then. people do change and they do evolve. also wanted to tell you the chino valley unified school district in california, suing california. they say that this first in the nation law violates their rights as parents. it also puts teachers in a box. if you have a kid in your class that wants to be called a different pronoun or changing their gender identity they obviously have something going on. why are you boxing out the parent? shouldn't the parent help you get to a solution? stuart: yeah, that was the reason that musk got out of cool call. lauren: he said enough is enough. that was like the straw that broke the camel's back. he was sick of the regulation. sick of the taxes, and you put the cultural stuff on top of it.
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he's done. stuart: let's get back to the market we've got plenty of action in the market today. look at this the dow industrials are up 122 points. they crossed the 41,000 mark for the first time earlier today, so the dow up 124. now look at the chip make ins. they are weighing very heavily on the s&p 500 and especially the nasdaq. nasdaq is down 400 points because of that. nvidia is down six bucks, 5%, 7% down on amd, 6% down on qualcomm, and taiwan semi down 5%, monolithic power down nearly 4%. check out the cryptos. that's another group that's moving today, on the upside. bitcoin at 65 grand. ethererum 34.63. fox business has full coverage of the republican convention. it continues tonight at 7:00 p.m. eastern. the chair of the house judiciary committee jim jordan he doubts that donald trump would ever go after biden and his family if elected to a second term.
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stuart: not much change on the market except the dow is up 119, the nasdaq is down, way down, 440 points. let's take a look at djt, a
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proxy for trump' performance in the election. it's up today. lauren: it's a 37, up 20% this week. the assassination attempt on donald trump, majority stockholder of this company, turns into a home run for his presidency, potentially and his message at the rnc this week. stuart: okay by the way it's the worst day of the year for the nasdaq, thus far in the year, down 400 points. move on to prologix, that is up 5%. lauren: so this is a warehouse-focused reit. they say demand for data centers because of a.i. is boosting their outlook. yeah, the industrial real estate market is slowing down tremendously, but a.i. is giving it a lifeline, so if you're in the warehousing space and you can have a data center to power a.i. or house it, that's a home run. stuart: let's move away from the financial markets to this new fox poll. you've got this one. it shows the supreme court's approval rating has dropped to a record low, spell it out. lauren: 38% tell fox they approve of the supreme court. that is a record low and look at
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this , 45% say the high courts decisions are too conservative. that's a record high. this poll is registered voters taken after the supreme court's presidential immunity ruling. voters polled viewed positively, changes to the court including an 18-year term for instance and retirement ages. so they seem to have an issue with the lifetime tenure. stuart: got it. now this , biden reportedly supports supreme court reforms including an ethics code and term limits. former acting attorney general matthew whitaker joins me now. matthew, i suspect biden wants to change the supreme court because he doesn't like its recent rulings. what do you say to that? >> yeah, well good morning, stuart. greetings from milwaukee. obviously, i think joe biden is not excited about the recent decisions by the supreme court but you know, sometimes the rule of law doesn't favor republicans or democrats. it just is what it is and if you want to change the constitution or change the laws, then you'll have to do the hard work through
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congress and convince the american people but i think some of these, this is never going to pass. they might be lucky to get it out of the senate if chuck schumer is able to really put his shoulder into it but the house will never pass this. i think what's most important in this situation, stuart, is that joe biden is not supporting the idea of court packing, or adding members to the supreme court, and so that's obviously i think most americans believe nine is the right number, and you know, they may disagree with its makeup and how many appointees are on there but this is the way our founding fathered designed it and i'm comfort all with it. stuart: biden knows these aren't going through in the near future and not before the election. it's absolutely out of the question so it's a purely political program, isn't it? he's throwing this out to attract votes from interested parties, but it's not going to happen, is it? you can't change the constitution just like that. >> no, you can't, and they aren't going to be able to change it the way he wants to because they just don't have the votes. at the end of the day it's all
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about the votes but most importantly i think you're seeing joe biden try to solidify his base right now, and we're in july and this is not the time to solidify your base, but you know, obviously he's been taking on some water, based on his age and his performance in the debate and really, his performance for the last three and a half years so he's doing anything to keep people on his side and i think it's becoming harder and hander so this is kind of next attempt and i'm sure he has more up his sleeve. stuart: the house judiciary chair jim jordan doubts a trump justice department would investigate biden and his family. jordan told axios, i don't think that's the plan. i think president trump's going to be focused on securing the border, making sure the tax cuts stay in place and putting back in place common sense energy policy. end quote. you wouldn't can't trump to go after biden for revenge, would you? >> no, and i think president trump says it best. he says that success will be his revenge. i think you laid out some of the policies that we're hearing about this week in milwaukee
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that a next trump term would stand for. having been at the department of justice what needs to happen is we need to restore the rule of law. we need to put regular order back in place and do cases, you know, investigate crimes and not people and i think merrick garland and joe biden and the entire current administration has miss directed the resources of the department of justice away from keeping americans safe and trying to accomplish their ideology and it's failing the american people. stuart: matthew, you're at the convention. there's a lot of talk that after the assassination attempt, donald trump is a new man. that he's got a different demeanor. a new outlook on life. well you're there. you've seen him. is that accurate? >> well first of all, i'm a proud delegate from the great state of iowa so i was down on the floor when he came out on monday and i could see , knowing him well, i could see the emotion on his face. the gratitude really for being alive and so many people in that
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room are so thankful that the assassin was not able to take him out and that he kind of walked away with missing part of his ear, but otherwise intact, and so, stuart, i just think donald trump is appreciative of the american people. i think he has resolved to work even harder on their behalf to finally put our country on the right path to sort of our unlimited potential. stuart: got it matthew whitaker thanks for joining us. we'll see you again soon, from the convention too. >> thank you, stuart. stuart: indiana congressman jim banks reportedly thinks one branch of the military is violating the federal dei ban. which branch? lauren: the air force. banks is the chair of the house subcommittee on military personnel. he says the air force is contracting out its dei agenda. it hired a consultant team, team triad, to push the message and i'm quoting from the materials, equity is about giving people what they need to make things fair.
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and that's the air force's according to jim banks, way around the new ban on new dei hires and salary caps on dei roles in the military. stuart: move heaven and earth to get around it. coming up nikki haley used her rnc speech to warn voters about what a harris presidency would look like. watch this. >> and let me remind you. kamala had one job. one job. >> [laughter] >> and that was to fix the boarder. now, imagine her in charge of the entire country. stuart: that's a strong accusation and we will take it on. president biden continuing his campaign swing in nevada today. yesterday, was all about trying to win over black voters. today he's focusing on the hispanic vote. we've got a full report from vegas, next. ♪ ♪
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stuart: its been pretty consistent all morning the dow showing a modest gain again on top of yesterday's big gain and the nasdaq sinking by 438 points. watch the chip stocks because they are way, way down this morning. that's hurting the nasdaq. the price of gold, well that's hit a record high. look at it go, 2,469 bucks per ounce. the price of oil, not doing that much. 8,242 is your price right now actually up 2%. president biden is in the battleground state of nevada. he spoke to the naacp convention yesterday trying to appeal to black voters. today it's all about the hispanic vote. alicia acuna is in vegas. what is biden's plan? reporter: hi, stuart. well today, president biden is going to continue that outreach to latino voters.
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he has an interview with univision radio and then address the us annual conference, and after that he's going to be meeting with campaign volunteers. he has a packed schedule. this is his second day of events in las vegas. yesterday, he addressed the naacp's national convention attempting remind another core constituency that he really needs them to win in november. the president also reiterated sunday's oval office call to turn down the political rhetoric but also said this. >> just because you must lower the temperature in our policy, it doesn't mean we should stop telling the truth. where you are, what you've done, what you'll do. that's fair game. reporter: biden did yet another interview yesterday this time with black entertainment television. ed gordon asked the president if there's anything that would make him re-evaluate staying in
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the race. >> if there's some medical condition that emerged, if doctors came and said you've got this problem, that problem, but i made a serious mistake in the whole debate. reporter: now, these campaign appearances are biden's first since saturday's attempted assassination of former president trump. earlier, there were questions whether this trip be canceled or postponed. the biden-harris team moving forward in a state that a poll of likely nevada voters by aarp shows trump leading biden by three points. that poll, stuart, was done before the debate, but also what is notable here is that the incumbent democratic senator jackie rosen running for re-election in that poll beats her gop opponent so we may be looking at a split ticket situation in nevada. stuart: thanks very much now this. a new poll shows trump leading biden by three points in a blue state. that's important here. a blue state, which state? lauren: virginia, so trump is up three.
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39 to 36 for biden. this is according to this poll virginia commonwealth university school poll. biden won virginia by 10 points four years ago. one of the reasons trump is doing better is because biden is bleeding support among black voters in virginia. his share of the black vote just 46%. stuart: that's it? lauren: that's it in virginia according to this poll. stuart: that poll was taken after -- lauren: right before and including the debate, after the debate. stuart: okay. i thought -- lauren: it might be if you pull it back up i'll see the dates. stuart: jd vance is going to deliver a speech at the rnc tonight. first time we've heard from him since he was named by vice president by trump. lauren: even though he has a memoire, made into a movie, many americans don't really know who j.d. vance is so he will tell his life story tonight. he had a mom who was an addict, an absent father. it's a rags-to-riches story. he graduated yale law school,
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went to silicon valley and launched his own vc fund. this is big impressive stuff and then fox is reporting he will connect his experience to the trump policies. he'll also talk about his military experience. he enlisted right after 9/11. the message is, as we have wars upon us, have the courage to fight and the wisdom to avoid wars. that's realism and that's restraint. he grew up in rural kentucky and ohio. he right now opposes us steel being bought by a japanese company. he wants tax credits for gas cars, so he's going to talk about trade and economic policy as it affected him and the people, in the midwest. in rural america growing up. stuart: well he's got a terrific resume. lauren: he does. he's a story. stuart: he's got a story. lauren: and youth. stuart: thank you very much. msnbc host accuses trump of using his shooting injury as a prop. what? tell me more. lauren: he calls the ear bandage
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that president trump is wearing a spectacle. >> here is how the new york times put it. on the first night of this convention, trump was his own biggest prop. he entered the vip box, a large wide bandage, an image for political mobilization, a spectacle for this candidate who we know is by his own admission, obsessed with a sorted spectacles. lauren: i know. the laughter is the best reaction. so, what you're seeing, some of the delegates now at the convention are putting bandages on their right hears in solidarity so i know a lot of people are saying why doesn't he just have a band ate for instance over his ear where he was shot? the former white house doctor says the part of the ear, the tip, it bleeds so much that it needs something absorbant, so that's why he's wearing a big bandage but why would anybody care and make that political? he was shot. he avoided death by like less than an inch, and that's what
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you say? stuart: ridiculous in my opinion. lauren: it's laughable. stuart: it is. it's that time, show me the dow 30. let's get a sense of the market. my sense of the market is theres still a lot more buying just like yesterday. dow is up another 173 points. you're at 41, 100 already. that was a gigantic move. it was real fast. vivek ramaswamy, now he took a hard stance on illegal migrants during his rnc speech last night. watch this. >> our message to illegal immigrants is also this. we will return you to your country of origin. >> [applause] >> not because you're all bad people. >> [applause] >> but because you broke the law. stuart: carlos jimenez is originally from cuba. what would he do about the illegal migrants. the congressman will tell us because he's on the show, next.
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stuart: presidential candidate vivek ramaswamy spoke directly to illegal migrants in his speech last night. watch this. >> our message to every legal
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immigrant in this country is this. you're like my parents. you deserve the opportunity to secure a better life for your children in america, but our message to illegal immigrants is also this. we will return you to your country of origin. [applause] >> not because you're all bad people, but because you broke the law. >> [applause] >> and the united states of america was founded on the rule of law. >> [applause] stuart: it's time to bring in congressman carlos gimenez, republican from florida. congressman, what would you do with the illegal migrants who are already here? many of them seem to be working certainly in florida. >> well, what i would do is take the money that we were going to spend on 87,000 irs agents and convert that, a lot of that into hearing officers for immigration services and i'd start with the last migrants that got here are going to be the first ones to get their hearing and if they don't have a asylum claim when they will be
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returned to their country of origin and that does something pretty important, stuart. it actually gives a signal to the rest of the people that want to come to the united states that hey, there's a new sheriff in town. your likelihood of actually staying in the united states is very small so don't even make the trip. that will have the effect of stopping really slowing down this illegal immigration in the united states and then you start working back through the biden administration all the millions of people that were brought in during his administration and again, there is a due process and that due process is you have a hearing, your asylum claim is looked at and if you don't have a valid asylum claim, you are deported and prior to biden, the asylum claims, the success rate was about 10% so you would think that about 90% of those that came in during the biden administration at least be sent back to their country of origin and then you just keep working on back. stuart: okay we shall see.
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nikki haley used kamala harris' record on the border as a warning for what a harris presidency would look like. listen to this. >> i said a vote for joe biden is a vote for president kamala harris. after seeing debate, everyone knows it's true. look at the border. migrants are coming into our country by the thousands everyday. we have no idea who they are, where they end up or what they plan to do, and let me remind you. kamala harris had one job, one job. >> [applause] >> that was to fix the border. now imagine her in charge of the entire country. stuart: okay, congressman, do you ever think we'll see harris at the top of the ticket? >> oh, i don't know. look, i don't think they will see harris at the top of
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the ticket. what i'm hearing is that if it's not joe biden at the top of the ticket, if it's somehow the democrats actually get rid of joe biden, it'll be, they are looking for somebody else and not looking for kamala harris, who is kind of hypocritical. aren't they supposed to be defending democracy? they are saying we're the threat to democracy and yet here they are trying to topple their democrat nominated candidate joe biden in any way, shape that they can, and then they will bypass the vice president also, so that's what i'm hearing is happening right now with the democratic party. the top donors, et cetera. how to get rid of joe biden but also how not to turn to kamala harris. so i think it'll be very difficult for them to turn to kamala harris. stuart: congressman we just received this and i want to throw it your way. at least 11 illegal migrants are among the 27 arrested during the copa america chaos as fans rushed that hard rock stadium so 11 illegals. i just wanted to put that out there on the record.
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congressman carlos gimenez, thanks for joining us. >> thank you, i asked for that information and i'm glad i got it and now i have something to work for. stuart: and we give it to you. good stuff. congressman thanks for joining us always appreciate it. thank you. a mother who lost her teenage son to fentanyl gave an emotional speech at the rnc. she called out the president. lauren: and she brought some of the delegates to tears. her name is ann funner, she's the mother of four and spoke about what happened when her eldest son west on took a fentanyl-laced pill unknowingly two years ago. >> this was not an overdose. it was a poisoning. his whole future, everything we ever wanted for him was ripped away in an instant, and joe biden does nothing. i hold joe biden, kamala harris, the border czar, what a joke, and gavin newsom and every democrat who supports open borders responsible for the death of my son.
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we owe it to our children to elect a president who will win the war against fentanyl once and for all. lauren: and the crowd chanted her son's name weston after that. this wasn't an overdose. this was a poisoning. she'll be on the show tomorrow. stuart: a powerful thing. there will be more "varney" after this. were you worried the wedding would be too much? nahhhh... (inner monologue) another destination wedding?? why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. .. ♪ i have type 2 diabetes, but i manage it well ♪ ♪ it's a little pill with a big story to tell ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's staaart ♪ ♪ as time went on, it was easy to seeee ♪
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stuart: the trivia question. the sunflower is which state's official flower? colorado, indiana, missouri, kansas. lauren: kansas which i am guessing get. my gut feeling is kansas. stuart: i will take my time and say indiana. lauren: why? stuart: i might have known. stuart: that is it for "varney and company" and in ten seconds we will join coast to coast with neil but i have 10 seconds left. 5, four, three, two. it is yours. neil: all this breaking news, the trivia question, who cheats? who is looking it up? nobody

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