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tv   Varney Company  FOX Business  July 24, 2024 10:00am-11:00am EDT

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stuart: don't start now. good morning.
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fbi director christopher wray will testify in congress on the assassination attempt on donald trump. we will give you headlines. dow is down 340, nasdaq is down 357. the 10 year treasury yield is down. it is below the 4.4 level. it might be upsetting the markets. the price of oil $77.52 today, bitcoin 66,000 and change. yesterday we have negative reading on homes sales, new home sales, watch the number.
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lauren: 617,000 new homes sold on seasonally adjusted month of june. the price median 417,000 and down 100 from me. stuart: it is up 4%. now this. it was her first outing as newly minted democratic president, the first pointer on where kamala harris will take the country. it is all government all the time. she's going left. and kamala harris's america, every person has affordable health care, affordable childcare and paid family leave and every senior will retire with dignity. government is supposed to provide this. it is tax increases, subsidies and debt. when things go wrong blame capitalism. the rich, blame trump too.
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no wonder she's getting maximum support from the socialist wing of the democratic party, senators warren and sanders are on board, she wants a federal ban on assault weapons, ban on fracking, federal are removing restrictions on abortion and lower student loan giveaway. she was introduced by an educator with a phd who told the crowd i had almost all my student loan debt forgiven. talk about buying votes. she made her first policy move. he will snub benjamin netanyahu's address to congress, this is designed to win the muslim vote in the senate -- minnesota and michigan. harris also throughout a challenge, she said she would put her record against donald trump's any day of the week. what record would that be? the border? crime? inflation? the demise of our once great cities including san francisco.
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second hour of varney just getting started. liz peek, voters are being asked to ignore harris's record. what say you? liz: the record where she entered the democrat primary in 2019 and flamed out before the iowa caucuses or being appointed border czar and never showing up except one highly scripted sanitized encounter she left almost immediately. this woman has no record whatsoever but we do know about kamala harris as you pointed out she is a california progressive, bernie sanders with lipstick who has embraced
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all of bernie sanders's agenda. in 2020, democrat officials and party leaders decided bernie sanders was too far left to appeal to most voters and i think kamala harris is in the same vein. the other thing we know about kamala harris is she has had a ringside seat, deterioration of president biden, she has covered for him, she has lied to the american people telling them in 2023 that he was fit as a fiddle and bold and all those accolades. i think we are going to have a bump here. the country is going to be told by the left-wing media that she is the best candidate they could possibly have come up with. it isn't true. everyone knows it is not true. give her a little time for people to get to know her and her polling get will reseed. stuart: what she's receiving in the early going of her
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candidacy, senate majority leader chuck schumer, minority leader have team jeffries endorsed kamala harris for president. >> now that the process has played out from grassroots bottom up, we are here today to throw our support between vice president kamala harris. i am clapping, you don't have to. vice president here's will be donald trump and become the next president of the united states of america. vice president harris has earned the nomination from grassroots up and not the top down. stuart: they are trying to put on a show of unity and enthusiasm. it doesn't look real, does it? >> no. what was the grassroots process?
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didn't they have a primary they skewed to favor president biden basically not allowing rfk junior to run, dissing dean phillips. and they will lose the house and the senate, all the down ballot trauma because of president biden's week leadership and that he could not campaign for president. they rallied around the most convenient person, there should have been a process. that would have been incredibly chaotic so just like in 1968 when they ended up with hubert humphrey, not the most popular democrat at the time, that was jean mccarthy, the convention, and ask you they wanted, same
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thing they had here, this is protecting house and senate seats, they don't even believe kamala harris can win. stuart: bret stephens's column in the times, you are all right, see you soon. programming note, president biden addresses the nation tonight from the oval office at 8:00 p.m. eastern, his first public remarks since dropping out of the race. you can watch on fox business. a reporter on cnn warned about kamala harris's ability to beat trump. >> it will be very tough, he trump is more popular than ever. >> all the excitement democrats have over kamala harris, it will be difficult to beat donald trump. we know donald trump has
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historically been unpopular. after the republican national convention he recorded his highest ever favorable rating at 40%. look at the quinnipiac university poll. the fact is donald trump is more popular now than he ever has been before. democrats can make this switch but still have to beat a donald trump who is stronger than he has ever been before. lauren: let the games begin. that was on cnn, we will have several debates. stuart: they don't like the process by which she came in. lauren: that is what you have. they say the process is not democratic. we don't live in a dictatorship. delegates are not oligarchs. installing kamala harris as the nominee and an unknown vice president without any public
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voting process would make the modern democratic party a party of hypocrites and they demand that the dnc host an informal virtual primary across the country prior to august 19th. that's the problem. that would be a mess and that is why they are lining to avoid they want to be united. the republican party is more united than it has ever been around trump. cnn's data guy says trump is more popular than ever. stuart: we better get to the markets. you like google after the earnings report. wears google? down 175. >> i love google at this price.
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stuart: that is emphatic. if you are looking for an opportunity you got an opportunity. no more buyers after the earnings, blow it out of the water. search in advertising is decelerating, using ai to increase engagement, the crowd didn't decelerate. this is easy for google which doesn't have to invest a lot to grow their margins. double-digit eps growth at a market multiple. stuart: that was an emphatic suggestion. 175. how about tesla. to steer clear of chesler, that is your position. >> i wrote steer clear of chesler. i'm concerned about tesla.
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they disclosed a graph that is losing market share in the revenue beat came on energy storage, they are exploding that business but actually otto missed prices down year-over-year, margins hit, eps missed by double digits. this is a company that the growth driver is no longer going get to be best in class for evs. energy storage, one of the new project, tesla, so much competitiveness in evs. you will be back because you have an ability to express a clear-cut opinion in unarticulated fashion. flattery is the mother's milk of television. looking at the movers, looking at pulte group. >> new-home sales, a report on
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mortgage demand applications down. the reason, homebuyers are waiting for lower rates that will bring down 6.8% mortgage rate. stuart: what is with general motors? lauren: gm is down 2%, down grade at morgan stanley, industry pricing pressures and big risk of evs. stuart: where is left this morning? >> 3.3%, with the company since 2012. stuart: thanks, democrats are defending kamala harris's handling of the border. >> kamala harris's role, to engage in multilateral
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discussions with our latin american countries. the numbers speak for themselves. where we are with border crossings. we are in better position than we have in the past. stuart: pat fallon will take that on. the president is skipping benjamin netanyahu's speech and so are a dozen fellow democrats. chad pergram has more on the division between democrats, next. daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪) wow... are you kidding me? you can do this.
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stuart: on the markets, the dow is down 470 points.
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benjamin netanyahu addressed congress later today but it doesn't democrats including kamala harris are skipping the event. are republicans turning this into a campaign issue. lauren: the gop hope so slick those fissures at the election especially harris not showing up. liberal say netanyahu should not appear. >> people in gaza are starving to death. to stand up and applaud innocent people in gaza are now starving to death. >> reporter: some on the left call benjamin netanyahu a war criminal. some pro israel democrats, to
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hear from a foreign dignitary. >> we should all be there. whoever it is. >> reporter: it will be a turnout. >> reporter: they customarily cope preside over joint meetings alongside speaker of the house, vice president harris is campaigning in indiana. patty murray will ditch the speech. been cardin standing in. the gop is blasting harris for not attending saying this was a chance to demonstrate she's ready to lead on the world stage. lauren: republicans seem to me are solidly behind israel unlike a divided democrat party. is that an accurate statement?
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republicans are united behind israel? >> there is not one gop member of congress that's not a staunch supporter of the only democracy in the middle east and our greatest ally in the region. on the democratic side they are divided. the vice president is not going to attend. the prime minister of israel gives a speech. stuart: her first foreign policy move of her candidacy. that is it. look at what she has done. >> she could have shown statesmanship. don't want to get them angry. it is ridiculous. stuart: democrat congressman pete aguilar is distancing claims that kamala harris is the border czar. >> let's be very clear that there is no border czar.
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kamala harris's role was to engage in multilateral discussions with latin american countries. the numbers speak for themselves on where we are with border crossings. we are in a much better position than we have in the past. efforts by house republicans to carry the water of donald trump are laughable and unserious. stuart: i think the democrats are embarrassed by kamala harris's performance on the border. i might ask what has harris done to address the migrant crisis? >> he hasn't done anything and i would agree with my colleague what is laughable and not serious is kamala harris's efforts at the border which were negligible. the numbers do speak for themselves. we had 5 million border crossings for folks from central america and the northern triangle since she was named the border czar. not the best numbers we've seen
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in a while. the worst numbers we've seen historically even under obama and donald trump, they had 2 million illegal border crossings. this administration has seen 10 million. numbers do speak for themselves. kamala harris doesn't have any leadership ability to lead this country. i wouldn't hire her to be a dogcatcher or run a burger king. stuart: that is pretty thorough. trying to conceal her record. can you think of anything she has done really well? >> she cackles well. in all seriousness, when i was about to come on, i went the democrats to name one accomplishment she has achieved as united states senator or vice president. what's in her portfolio she can
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champion? now they are trying to shame any critic or, any criticism of her at all you are either misogynist or racist. we are not playing that game. we care who a person is, not what they are. stuart: thanks for joining us. donald trump tore into kamala harris for handling of the border. what did trump say? ashley: trump attacked harris on her failure to address the border crisis saying she didn't take the time to speak with the border chief. >> in her time as vice president, kamala has never spoken to the chief of the border patrol. you can ask the two gentlemen, she visited the border only a single time, far from the epicenter of the invasion, she went to a place that has no
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problem. ashley: trump went on to attack harris as a radical left person saying the person will be permanently destroyed if she becomes president. stuart: the gloves are off. president biden will address the nation after days of silence. there are concerns over his health. doctor marc siegel deals with it next. newly released video shows the moments after trump's assassination. watch this. >> beaver county picked it up. a sniper that sent to the original pictures, and lost sight. stuart: chilling video raises more questions. cb cotton has the latest on the investigation next.
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you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire stuart: a markets stumbling after negative earnings report from tesla, there's money coming out of check.
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there's a couple dow stocks, and what about trump media. >> down 2.4%. energetic reaction to kamala harris, she's leading in that poll, now that she has secured the democratic nomination. trump is up 30 points. we've got a new person and the party is energizing around her. stuart: motel profits are up. lauren: look at the stock up 9%. gross margins topped 49% but sales fell producing these reports of pe firm wants to take them over. stuart: general dynamics.
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lauren: they delivered fewer of them in the quarter. general dynamics down 5%. stuart: take a look at this newly released body cam video shows the moment immediately after the assassination attempt on donald trump. in butler, pennsylvania, take us through this new video. >> reporter: i want to mention fbi director christopher wray is before the house judiciary committee about the fbi's investigation into the investigation of donald trump. there's lots of moving parts. this body camera video shows that one secret service agent got photos of the gunmen before the shooting. thomas matthew crookes was identified by local law enforcement as a suspicious
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person. the question now is why did the secret service allow donald trump to step on the rally stage. >> this is the guy, beaver county sniper team, that's the sniper scene from the bike. lost sight of him. i don't know if you got the same ones i did. got that. the sniper has seen him walking away. inside the window, they called it out. >> reporter: the eyewitness john malice capture these moments and was stunned how close he got to donald trump without having to go through security. people are screaming, ducking for cover as they try to alert police the crookes is on the
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roof with a gun. he fired multiple shots. now, this chilling photo of the moment before crookes is killed. he says the gunmen turned and pointed the assault rifle towards him and others who were hiding. those who watch the terrifying moments unfold said the lack of security was appalling. >> wasn't secure. i'm x military and the first thing i noticed, none of us had been vetted. we all have a view of the stage. we could see trump. >> reporter: there are multiple overlapping federal investigations into what happened here in butler, pennsylvania during the homeland security meeting, pennsylvania law enforcement testified two snipers were posted out a window overlooking the roof the crookes hired from
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but this officer said those snipers left to look for the gunmen. we continue to get more details on the ground. stuart: thanks very much. president biden making his first appearance in a week, giving thumbs up on a salute before boarding air force one on his way back to dc. from what you see what do you make of president biden's health? >> obvious something is going on but we are making a mistake micro analyzing because we are missing the big picture because we've been told nothing get. going up the stairs of air force one, looks like he was being careful not to fall. didn't say hello to anybody. he was focused on that walk. the big picture is what is going on with him and why aren't we being told anything? if you stepping down and
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deciding not to run, why? we've been talking about it for months, related to his cognition and his lapse. where is the white house physician telling us that. is he still fit. what's happening now? those questions matter because if this is the kind of white house that suppresses all information and there is no transparency that will keep going on if they were to continue. stuart: i know you've been evaluated, he is not your patient but from what you have seen and what you know about his mental abilities do you think he is strong enough to finish his term. and we need to know these answers. i don't see memory lapses and
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disorientation and spatial disorientation, forgetting where he is. when he left the stage months ago, forgot to shake the president of brazil's hand and stumbled off the stage and banked into the flag, not a good look for us. i have wondered whether he is fit to serve four months but to your point if he's not fit to run we need to know if he is fit to serve. that's got to be addressed. that the smokescreen. stuart: democrats have a new line of attack. they are attacking trump on his age. >> you know who is not fit? donald trump, the oldest person running for president ever. he makes incoherent statements which he forgets people's names, he mixes people up. 's cognitive decline is apparent, donald trump should pass the torch and withdraw from the race. stuart: did you hear that? trump has cognitive decline,
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too old to run. did you hear that? why don't you refute that? >> it is a bait and switch. now we are going to get your guy. it's never been about age. it is about acuity, cognitive ability, never found that to be an issue with donald trump. he doesn't use a teleprompter. he speaks off-the-cuff, puts words together, they flow beautifully. when i interviewed him, he didn't want the questions in advance. is totally speaking off-the-cuff in a way that shows cognitive, we don't want agesm here. at 78, that wasn't the issue with president biden. it is not age. it is acuity. stuart: always on target, hope to see you again. the justice department claims to have the transcripts of
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president biden's discussions with his biographer. had they denied having those transcripts? ashley: they have. it's a remarkable coincidence, isn't it? president biden says he's not going to run again and they find the transcript. those transcripts played a role in the couple investigation into biden's handling of classified material. the doj telling a federal judge this week the transcripts being located in the wake of a report, special counsel robert hur described biden as a well-meaning elderly man with a poor memory. it is unclear whether biden's exit from the race will affect the handling of the materials, the biden justice department argued up to now the release of biden's interviews would violate his privacy and lead to potential abuse. miraculous coincidence.
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stuart: kamala harris is planning on cleaning house if she wins. delta air lines, a full investigation after secret service disruptions from the crowd strike outage. 5000 also flights have been canceled since friday. grady trimble has the story after this. ♪
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call or go online to request your free quote today. stuart: the results from tesla and google are not going down well on the market. nasdaq is down 400 points. not going to color bubble,
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coming out of the rally. kamala harris reportedly planning to clean house in biden's cabinet if elected in november. do we know who is most likely to get the ax? ashley: a shakeup of the national security team is in the works. national security adviser jack sullivan, antony blinken, defense secretary lloyd austin all could face being cut from the cabinet. blinken supported harris calling her a leading voice for american foreign policy in the biden administration. someone still wants to keep their job. harris's national security adviser philip gordon plays a central role in the new administration. gordon served as the top state to permit official for europe under former president obama and senior white house official on these issues. national security to be shaken up.
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stuart: that is a big shakeup if it happens. the transportation the barber launched an investigation to delta canceling more flights, 6,000 since the crowd strike outage on friday. grady trimble at reagan national. pete buttigieg, what is he saying about delta? >> the department of transportation is trying to answer two main questions. the first is why did things go so wrong with delta when other airlines recovered pretty quickly from the crowd strike outage and the second did delta drop the job from a customer service protected? the transportation secretary says his department received 3000 complaints from passengers related to delta, on hold for hours sleeping on floors at airports and even children stranded at airports by themselves.
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delta is cooperating with the dot investigation. you mentioned the numbers. airline, delta and its regional carrier, 6000 flights were canceled since friday. that is the number of cancellations at delta for the entire year in 2019. >> any given day, major weather event. question, is your airline prepared to absorb something like that and take care of customers in the meantime. that's what we are seeing get. delta is different for how the other airlines responded. >> the operational meltdown in 2,022 during the holiday season, that resulted in $140 million fine, i will end with the good news, the delta ceo
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expects things to be back to normal by tomorrow. stuart: that's the good news. the winter olympics coming back to salt lake city of the international of the committee named the host of 2034 winter games. salt lake posted the winter games in 2002. the venues for the sports are still there. the committee, the 2030 winter games will take place in the french alps. 3000 arrests were made on college campuses. many of these charges have been dropped. teachers union boss randi weingarten turner union convention to a political rally. she says trump will win don't you bring fascism and violence to america. cory deangelis was singled out, cory is here to respond next.
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stuart: the dow, the nasdaq is down 430, the dow is down 278 primarily in technology. people arrested by the pro-hamas contest on college campuses. any of these charges being dropped? ashley: yes. most were charged with trespassing or disturbing the peace. some with a resisting arrest but in many cases, charges had been dropped, the prosecutor in travis county texas dropped charges against more than 100 people arrested, such charges were rarely a priority, nonviolent offenses. she believes jurors in the
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community would determine to students protesting on their own campuses exercising first amendment rights. critics say it sends the wrong message and there should be consequences for people's actions, some of the students are facing additional repercussions being barred from campuses are having their diplomas withheld but not charged with an actual crime. stuart: teachers union boss randi weingarten warmed of fascism and violence if donald trump is elected. >> the november elections will determine which path we take as a nation, it is seldom a dramatic event or attack that let's fascism in the door. the violence comes later, after
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they are voted in. who voting is still our best defense against tyranny and fascism. stuart: weingarten singled you out as one of the primary enemies, you're one of the union's primary enemies. >> they are coming after you, i am standing in their way with other education freedom fighters. randi weingarten is an unhinged lunatic and this is a dedicated my book to her, the parent revolution, she's inadvertently done more to advance school choice and homeschooling the last few years than anyone could have imagined.
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stuart: where is kamala harris on school choice? i presume she is in lockstep with randi weingarten? >> exactly. is a fully owned subsidiary backed by the nea, the aft and refers to school choice as privatization, she doesn't like school choice for anybody else but her stepson went to private school. they will seek out the best educational options but you shouldn't pull the ladder from behind yourself. she is the same as biden on school choice, bad move for her. a popular topic, among republicans, democrats and independents. unions are freaking out at the conventions. we have so much on this issue,
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school choice is marching ahead, freeing them from the clutches of the biden administration and teacher unions. stuart: there's vigorous political commentary at the teacher's convention, so left-wing. the entire profession, the left, nobody can, last word to you. >> they are not represented the teachers, randi weingarten's union, 90% went to democrats than anyone else. it's a money laundering operation. stuart: thanks for being with us. see you again soon. marsha blackburn on democrats claiming kamala harris is not the borders are. lisa booth is how the media could pump up kamala harris. climate depot mark moore ranoh on the hottest day ever recorded on earth.
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