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stuart: it is a man's world, the warthog music for trump yesterday at the rnc. interesting choice. it is 10:00 eastern. straight to the money, split decision on the market, dow is up hundred, the nasdaq is up 60, the 10 year treasury yield still around 4% or just below that level, now at 4. 17%. price of oil $82 a barrel, bitcoin 64,000, sixty four-eight at this moment. this. things are moving fast. 24 hours ago it seemed the move to take the president off the ticket had stalled. wrong. the way things are going biden might be gone in a week. a few days ago biden said he might step aside if told he have a medical condition.

he does have a medical condition. he's got covid. maybe that is why he has so much trouble climbing the stairs to air force one so he will be in isolation out of action for several days. he's 81 and we don't know how well he can recover. the democrats top leadership is moving quickly to get him out. nancy pelosi told biden he can't beat trump and he will ruin the democrats chances of winning back the house. congressman hakeem jeffries told him the same thing. california democrat adam schiff said the democrats will lose in a landslide with biden on the ticket. perhaps worse, the mega-donors, jeffrey katzenberg said the money is dried up. in short, the party, the donors and the media have all turned against him and now he is in isolation with covid. that's a good reason for him to call it quits but even if he does leave, democrats still have a political mess on their hands. what to do with vice president

harris was only she could take the hundreds of millions of dollars from the treasure trove, move her aside and the money disappears. a large chunk of the democrat party would be an open revolt if a black woman were dropped. if she does go to the top of the ticket it is hard to see her beating trump. what a situation. a resurgent trump survived an assassin's bullet, an ailing president isolated with covid while his desperate party maneuvers to get him out as soon as possible. he may be gone in a week. second hour of varney just getting started. listen to this. msnbc's joe scarborough slammed biden's inner circle for keeping him in the race. >> it's really incumbent on people that are around president biden to step up at this point and help the

president, help the man they love, and do the right thing. this is not going to end well if it continues to drag out. look at the events of yesterday, the events of the last three weeks. at some point i can tell you what i hear is not at president biden. the anger i hear are at the people that are keeping him in a bubble. or may have their own interests, some financial, in keeping him in the race. stuart: interesting stuff. the top of the hour, in my opinion biden is gone in a week. what say you?

>> you may be right. i don't think that solves their problem. mccright have a structural problem bigger than president biden. it's never good when the president of the united states is mentally unfit for the job but if the economy was booming, if inflation was low, if the border was secure in the world at peace it wouldn't be the crisis it is today. it is not the person, it's the policies and the impact so if you get rid of president biden tomorrow, say a week from now president biden is gone americans are still paying $125 for a one hundred dollar basket of groceries. every time they pool up to the gas pump they are paying $20 or $30 more than they were before he became president, the border is still in crisis, they've still got all throughout europe the hotels are filled with illegal migrants coming and taxpayers are paying for that. the world on fire with wars raging. getting rid of biden doesn't solve that.

get rid of the arsonists but the fire is still raging. stuart: j.d. vance made a direct appeal to the working man in his speech last night. watch this. >> let me tell you about the future. donald trump's vision is so simple and yet so powerful. we are done catering to wall street. we will commit to the working man. our leaders have to remember that america is a nation and its citizens deserve leaders who put its interests first. to the people of middletown ohio and all the can forgotten communities, michigan, wisconsin, pennsylvania and ohio and every corner of our nation i promise you this, i will be a vice president who never forgets where he came from. stuart: you were a speechwriter for bush 43, what did you make of j.d. vance's speech? >> the best parts were, sharing his story.

i think it was not so much j.d. vance as me mall which was terrific, 19 guns hidden around the house was quite remarkable. donald trump is remade the republican party into the party of the working class. stuart: are we going to see a new trump emerge tonight, big speech tonight, is that the new trump? >> i think it is and what donald trump understands after saturday's event is his base is so energized it is hyper energized. these people, people in this room will walk over broken glass at hot coals to get to the voting booth to vote for him. he doesn't need to energized them anymore, he doesn't need to pour gasoline on that fire, he needs to reach beyond the room to the swing voters out there who are disappointed with

president biden and may have voted for him and hoped he would deliver unity and end the chaos and we have more disunity and more chaos and they are not sold on trump, they are not sure they want to put him back in the oval office. he needs to reassure them, uplift to them. given a reason to vote for him, give them permission to vote for him and they need to see somebody they can see in the oval office otherwise they are not going to vote for him. stuart: a split screen, the president in isolation with covid, donald trump resurgent making the big speech of his life. thanks for being with us. enjoy your self at that convention. programming note. special coverage for day 4, the final day of the republican convention starts tonight at 7:00 pm eastern on fox business. check the markets please, look where we are. up 130 on the dow, 41,300.

that was a fast rise. gary, you were watching small and mid-cap stocks, you like a couple of etfs, we can start with iw m, the russell 2000. >> small and mid-cap work, toast until last thursday, they came out of a, and are on their way right now and i suspect it's the start of a move. whatever is in them is getting going. things that were dead money like economically sensitive stocks, housing and housing related stocks, transports on the move and regional banks that were completely that are being brought up in droves and that's where these stocks live so i'm in the mid-caps. i don't own the small caps yet and also bought the dow which i don't think i've done in ages because i'm usually looking for a higher data stuff but there are some stocks in the dow that are strong, like unitedhealth.

i think the dow has some more to go to the upside and we will keep watching day today. stuart: tell me about goal. we've seen a couple all-time highs, keeps going up you think? >> it broke out a few months ago, broke out again and for 3 months sat down perfectly, settled down and is now breaking out again, looks like it is just going to go higher, how much i don't know but it is in. mode and until it stops you have to own a little piece of it. it's not going to make like nvidia going up one hundred% in a few months but going up is good by me. stuart: now this. mark cuban says there's a motive behind silicon valley's support for trump. >> they like trump because it is a bitcoin quiet, not because he's a stronger proponent of crypto. that's nice but doesn't impact

the price of it. makes it easier to operate a crypto business because of the inevitable changes at the sec. what will drive the price of bitcoin is lower tax rate and tariffs. he says those are inflationary, the trump presidency would be inflationary and that hurts the dollar and makes bitcoin a safe haven. bitcoin's become very mainstream because we have donald trump talking about it, we have silicon valley putting money and support into donald trump because of it. the last shoe to drop in my opinion would be the potential treasury secretary jamie dimon saying i have reversed course, i like bitcoin too. that has not happened, he's not going to be the treasury secretary as of right now but that would be another turning point. stuart: he hasn't said that yet. i want to talk about palantir.

wedbush jan i've says the company that's driving ai, is that right? lauren: shares are up 4%, dan ivers season going to 50 a share in 2025 because this is in his words the messy of ai. businesses are properly investing in ai as they increase spending, putting it in the right ai places and palantir and data analytics is giving them opportunities for their money. b1 dan ives saying that gives you a 4% boost on the stock price. >> his price target is 35, his full case target is 50. stuart: he has clout. lauren: it is going to 50,000. nvidia is coming back today. it is up about 3%.

one of the issues that hit the chipsmakers yesterday would be the white house, the biden administration and the threat of tighter restrictions on technology going to china. it is overblown, they don't expect that to happen and they called yesterday's dip a buying opportunity. nvidia is up 2.8%. stuart: the first two years jan to meet now what? >> wall street journal is reporting this company is engaged with the bondholders to initiate discussions about balance sheet restructuring, there's a liquidity crunch, market shares down 71% since 2019. stuart: got politicians in europe are worried about j.d. vance's stance on ukraine aid, they worried if trump wins the administration will curb or cut off support for care of. former british prime nester lose trust deals with that. donald trump will make his first major speech since the

assassination attempt. milania and yvonne car expected to be there for the final light of the rnc where the theme is make america great once again. bill melugin has the details next. like advances in health. and how these innovations will create a healthier world tomorrow. better questions. better outcomes. so, what are you thinking? i'm thinking... (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.

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stuart: let's look at big tech, only one winner among that group and that's up $8 nearly 2%, the rest of them, alphabet, apple, amazon, microsoft all down. donald trump is going to speak at the republican convention tonight, his first speech since the assassination attempt. bill melugin is with us, he gives us a preview.

>> reporter: the entire week has been building up to this moment. the climax of this are in see -- rnc, he will give a speech to millions of americans that he says is going to be drastically different as a result of the attempted assassination against him. trump has shown up to the rnc every night and when he does the crowd goes crazy giving him a standing ovation. this week he watched his political rivals come under the tent and unify. >> we saw governor desantis or governor haley, senator rubio, everyone on our ticket unify, democrats can't unify their own white house. >> reporter: the big headliner was trump's vp pick, j.d. vance, the crowd seemed to like his speech go he talked about growing markup in the small town ohio with them on battling addiction issues. everybody got to see their personal connections. >> our movement is about single

moms like mine who struggled with money and addiction but never gave up. i'm proud to say tonight my mom is here, ten years clean and sober. i love you, mom. >> there were some emotional moments that included some goldstar families who lost their loved ones during the disastrous afghanistan withdrawal in 2,020 one. there were a few dry few dry eyes in the arena. >> president biden's withdrawal from afghanistan was an extra ordinary success. an extraordinary success. look at our faces. look at our pain and our heartbreak and look at our rage. that was not an extraordinary success.

>> reporter: during the speech we were on the floor watching his teleprompter. he seemed to go off script, add living chunks including parts where he got to show his personality, the crowd seemed to like that. that ability to wing it is something he shares in common with his running mate. back to you. stuart: he says biden policies destroyed america, watch this. >> i was in the fourth grade, a career politician by the name of joe biden supported nafta. a bad trade deal that sent countless good jobs to mexico. when i was a sophomore in high school that same career politician named joe biden gave china a sweetheart trade deal the destroyed even more good american middle-class manufacturing jobs. when i was a senior in high school that same joe biden supported the disastrous invasion of iraq and at each step of the way in the small towns like mine and ohio, next

door, pennsylvania or michigan, states all across the country, jobs were sent overseas and our children were sent to war and somehow a real estate developer from new york city by the name of donald trump was right on all of these issues while biden was wrong. stuart: lose trust joins us now at the convention. how do the brits see trump and vance? >> you got a lot of flak in the british media for donald trump but it is generally leftist liberal media. if you speak to the bridge people there are a lot of trump supporters and a lot of secret trump supporters because they understand one thing which is the world and europe were safer when donald trump was president and what they see from biden is

weakness, capitulation to iran, the appalling war in ukraine, the disastrous withdrawal from afghanistan and there's a real hungering for american leadership again because the reality is america is the leadership of our free world but what has happened recently as it has been absent, there's no one there. what people are desperate for is that leadership. stuart: back in may of this year, j.d. vance says it isn't in america's best interest to continue to fund a never-ending war, he's talking about ukraine. i don't think that's going to be popular in europe, is it? >> i think there's a point which is europe does need to step up and provide more of the funding. there's been too much free riding on nato by european countries. we do have to defend our own backyard but out what i would say, it's not in the interests

of the united states for russia to win this more and i haven't met a single person at the rnc who want russia to win because russia is supporting hamas and their appalling activities in israel, russia is in league with china. one of the big things j.d. vance said in his speech last night is the disaster that up using china and allowing china economic access to our markets with no conditions, the disaster that has been for america so i am confident that j.d. vance and donald trump will take a strong stance against china and against our aggressors and appeasing russia does not fit with that strategy. stuart: thank you for joining us of this morning. and coming back on the show. you been with us before, come back again soon. what are voters saying about that? >> they like his youth, his

story rags to riches and here are some of their first impressions if you will? >> is a perfect pick, he understands the average american. >> is young, energetic, he's been under attack. i think he's been battle hardened. a good pick. >> i have no interest in j.d. vance or anyone donald trump would pick to be his vice president. >> i like his youth, i like his energy. could use a little more experience but he's going to pick that up as the vp. >> he can understand middle america as well as the whole country. >> he's younger, i hope the younger generation can see they can be young and republican. >> it could be the president in 2028. i like the group of j.d. vance, bringing back old school american values of hard work

and merit. get your hands dirty, put on your boots, go to work and earn something rather than be given it. that his message. stuart: thank you. still had. minnesota congressman tom emery thinks he can flip his state read for the first time in 50 years. the republicans are fed up, two senators confront secret service director kimberly cheadle saying she owes trump answers. chad program -- chad pergram has that from capitol hill next.

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stuart: the dow hit an all-time high earlier. that's where it is now. all time high. 41,000. i think we did 1000 points in a matter of days. lauren has the movers and we start with dr horton. >> the largest by sales volume, record high for the shares up 12%, stronger profits and buyer demand through spring which is their christmas season was good despite affordability challenges. stuart: darden restaurants. >> they own olive garden and

capital grille and add chewy's tex-mex, they are buying the chain for $30.50 a share. stock is at $37.50. they are getting squeezed by inflation but the consumer that's coming back. putting to the fast food restaurants because they have those temporary promotions. stuart: is domino's pizza getting squeezed? lauren: same-store sales in the past quarter increased by 4.8%. that's less than expected and they will open fewer stores internationally because worldwide consumers are cutting back. stuart: kimberly cheadle will testify publicly in the house about the trump assassination attempt. chad, it seems a lot of opposition to kimberly cheadle among republicans. >> they are mad as fire. four gop senators invited

cheadle when they learned she was at the gop convention in milwaukee. cheadle was having none of it. she told the gang of 4 that the convention was not the appropriate forum. [shouting] >> reporter: cheadle agreed to appear at hearing monday before the house oversight committee was oversight committee chairman james kober issued a subpoena for cheadle to testify with lawmakers were frustrated how little information they received on a conference call after the shooting on wednesday. cheadle, fbi director christopher wray. >> there's a major breakdown between local and the inner core close in detail but i keep

pointing out that because the detail was denied additional secret service agents they were reliant on local law enforcement they hadn't trained with before, maybe didn't have the same communications systems. >> reporter: there's a push for cheadle to quit or be fired. senate minority leader mitch mcconnell set a resignation by cheadle would go along today toward accountability and then there's house speaker mike johnson. >> i am prepared to call on president biden to fire director cheadle. yesterday i said she should resign. it is clear she has no intention to do so but the oversight here, the mistakes, the ineptitude, whatever it is was inexcusable. >> reporter: no democrats asked cheadle to quit. house homeland security chairman mark green wants cheadle to appear at hearing tuesday and green invited local police from butler, pennsylvania, to testify as well. stuart: got it.

chad pergram on capitol hill. the economy remains the top issue for voters. a new fox poll shows 73% of voters have a negative view of the economy. republican from the state of minnesota joins us now. you think minnesota could go for trump? you think trump could flip it read? >> i actually do. minnesota i don't think people recognize minnesota hasn't voted for republican presidential candidate in 50 years. we were the only state in 1984 not to vote for ronald reagan. donald trump is come closer than any republican candidate if you go back to 2016, he came within a point and 1/2. the difference between then and now, bidenomics has crushed the american middle class 20% inflation, spending one thousand dollars more every month to do what they were doing 3.5 years ago.

wide open southern border and fires all across the world because of a week administration in president biden. stuart: tonight, trump will give his first speech since the assassination attempt. he has appeared emotional at times during the convention and sometimes seems rather different from his old self. are we going to see a new trump tonight? >> i think it will be the same trump we've always seen. is he more contemplative? yes. i'm sure when you come within a hair of losing your life, because of what you believe in and what you are fighting for and you walk out into that stadium and you see your family there and people who love you and are counting on you, that's got to have a serious impact on donald trump but i expect him to be consistent. my state, minnesota can't

afford four more years of president biden and kamala harris. donald trump is the guy. he didn't have to do this but i love the line from j.d. vance, he didn't need this, we need him. that's why he's going to get elected in november. stuart: i can't find anybody who believes president biden can be president another four years. do you think he can be the president another four years? >> i can't even get into that because apparently he's now in isolation. we have to wait and see what more comes from the biden camp. all they have on their side is to run against maga. does he understand he wants to stop making america great again. that's not what donald trump is coming from, donald trump is here to make america great again and he's talking to those forgotten men and women that built this country and have not been listened to for decades. stuart: thanks for joining us.

appreciate it. quick programming note, special coverage of day 4, final day of the republican convention tonight at 7 p.m. pm eastern right here on fox business. cnn's van jones issued a stark warning for democrats after biden's covid diagnosis. watch this. >> a bullet couldn't stop trump. a virus just stopped biden. the democrats are coming apart, the republicans are coming together. stuart: biden can't handle the rigors of the campaign how can he handle another four years? grieving families who lost loved ones to the fentanyl crisis shared their powerful stories at the convention. a mother who lost her son.

>> february 27, 2022, our lives were shattered and our baby was gone. this was not an overdose. it was a poisoning 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. this fight is not for me. my son is gone. this fight is for your children. we owe it to our children to elect a president who will win the war against fentanyl once and for all. we need donald trump to save the lives of our kids. stuart: republican convention on tuesday night. she lost her 50-year-old center fentanyl in 2022 and she joins me now. you were very clear on this.

it was not an overdose, it was a poisoning. forgive me for asking but what is the difference and what happened to your son? >> thank you for having me on your show. my husband watches you every morning. my son, exactly what i said, a good kid, he was 15 coming into his own, he had a great group of friends, was making some new ones and in that new friend group was one in particular that was kind of a hotshot. i think he just in a moment of pressure he made that decision. we all make mistakes when we are young but unfortunately, you can't make mistakes anymore because you die. stuart: how does america win the war on fentanyl? close the border? is that it?

>> close the border is number one. we can criminalize people which i'm from california where they don't do that. there are plenty of states that could be criminalizing much harsher. these are murderers. they know fentanyl is killing people but they put it in things and are selling them so to me that is murder. if you were being sold a capsule of cyanide and told it was an aspirin that killed you, i think look what they did with tylenol, took it all off the shelves but for some reason they are not criminalizing people doing the same thing with fentanyl and fentanyl is by volume more potent than cyanide. 7/10 pills are lethal. you could also go after the cartels. their terrorist organization. fentanyl is a weapon of mass destruction. we lost more people on american

soil, it is unimaginable why nothing is being done. it is the number one killer of people between age 18 to 45, quickly becoming the number one killer, 14 and under being the fastest growing demographic and we have to go to china. stuart: your speech was powerful and had significant impact. move the solution along for this dreadful problem. appreciate it. still ahead. top democrats joined the course of pressing concerns about the president's ability to win. meanwhile msnbc's joy read says biden recovering from covid should be the same as trump surviving an assassination attempt.

john levine will deal with read's tone deaf remarks next. ♪

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stuart: we've got a turnaround here. the market was green, now everything is read. pressure on big tech stocks affecting the whole market across the board. nasdaq down 74. interesting stuff in the. actio's reporting top democrats believe biden will drop out of the race as soon as this weekend. that's quite a development. >> reporter: because these are the same people privately pressuring him to leave for the good of the party, for the good of the country, but now they go public with their concerns. president biden has a lot of problems right now because they told us he had covid, went to the beach has to isolate but we got this video, looks like it is in slow motion as the president struggled to find the short stairs of air force one

despite telling reporters he was feeling good and then this other video, air force one got him across the country 3 hours and 48 minutes, the reporter said the plane was shaking get but he needed a lot of help getting into his suv from the secret service when he was in there. nancy pelosi told him there's payroll to the party. campaign officials say the president will be the nominee but pelosi, schumer and hakeem jeffries, democrats from the to the president suggesting he's going to depart. >> he has been such a solid leader. he will make the right decision because he knows he has a solid legacy in american history as the most productive president of my lifetime. >> reporter: president biden has been asking if kamala harris can beat trump as down

ballot democrats are concerned about statements like this one. >> it is about -- because i named the secretary of defense, a black man. ketanji brown, because of the people i named. it's about making it clear that black history is american history. that is why we are strong. >> reporter: the circle of people telling president biden to stay in the race is shrinking get. he is not just in isolation but in exile. stuart: cnn's van jones says democrats are divided. >> a bullet couldn't stop trump. a virus just stopped biden.

the nominees of this party, kicked by his own party. the democrats are coming apart. the republicans are coming together. stuart: john levine joins me now. what a contrast. the united republican party cover unified republican party and chronically divided democrat party is kind of extreme. >> it is extraordinary. biden is in isolation. it's a metaphor for so much more. all of his allies are abandoning him. i would have thought he would have been able to hang on especially with the assassination attempt, with the move off of him but it does appear the dam is starting to break and i don't know how it ends would kamala is not a silver bullet, she comes with other complications of her own. she's not going to develop dementia but i remember her

2020 campaign, she was on her way to lose california, her home state and has major staffing problems. her staff is a nightmare, she can't keep staff, president biden, very loyal staff, people around him have been around 10 or 20 or 30 years. kamala is going through three chiefs stephanie year. that will hit hard if she takes the reins of a major national race. stuart: joy read compared trump's assassination attempt to biden testing positive for covid. watch this. >> donald trump is an elderly man who for whatever reason was given nine seconds to take an iconic photooptical an active shooter situation. is survival event, going back to his convention is being conveyed in the media world as a sign of strength. this current president of the united states is 80 one years old and has covid. should he be fine in a couple

of days, doesn't that convey the same thing? stuart: that frankly is just ridiculous but what did you have on it? >> it is just a lot of coping. they are all just coping. one man who literally cheated death by a millimeter and comes back stronger than ever to this convention, almost mystical. on the other hand we are not sure biden can get to his convention, what that will look like. they are struggling to find ways to explain it away or create false comparisons but it is going down in flames on their side. stuart: biden is gone in a week, by next weekend. actio's is saying he's gone by this weekend. what do you think? >> i don't think he is going to pool out during the republican convention. he doesn't want trump to gloat or take that victory lap on

stage but next week it is going to start to look, they created daylight. used to be god almighty will drive me, you can say anything, now there is daylight, they created that wiggle room. once you give a mouse a cookie there is no going back from that. stuart: thanks for being with us. florida congressman cory mills says the trump assassination attempt was a failure for the secret service. you wants answers. joe concha on the new trump we may seen tonight. a sports guy, california guy, what made him a republican? the 11:00 hour of "varney and company" is next. ♪ ♪

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