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tv   Varney Company  FOX Business  August 1, 2024 10:00am-11:00am EDT

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♪ oh, freedom, freedom, oh, freedom ♪ yeah, freedom ♪ stuart: all right, freedom. iowa aretha franklin as we look at the statue of liberty on a sunny day. it's going to be hot.
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it is august the 1st, after all. good morning, everyone. it is 10:00 eastern. straight to to the money, please. we're looking now at a loss for the dow, down 16 points, but the nasdaq coming back nicely again, up 1455 points. meta-- 145. meta's towering much of the advance. the 10-year treasury yield, this is interesting, look at that, it's right at 4%. down to 4, almost dead on the button. that's very encouraging. not too long ago it was 4.75% almost are. the price of oil going up with the new tension in the mideast, $78 a barrel. bitcoin, you're still looking at $66 -- no, you're down, $64,600. and i want to reiterate this breaking news p. as fox business has been reporting, "wall street journal" reporter evan gersch coswitch -- gersch cowitch and paul whelan are part of a prisoner exchange with the russians. more details throughout the
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show. lauren: for july, contracting more so than we thought, down four straight months. the level is 46.8. so much worse than expected. that is, for the manufacturing sector in july, let me quickly give you -- and this is a problem -- prices paid actually went up. we were concern this is inflationary. what does jay powell do ab manager like this? they went up to 52.9. stuart: housing's slowing, consumer spending slowing and now manufacturing sector slowing. it's a slowing economy. no doubt the fed will like that. we'll see. lauren, thanks very much, indeed. now this. what a contrast. donald trump appears voluntarily before a clearly hostile audience and answers any and all questions. kamala harris runs away. trump is not a standard issue politician. kamala harris is precisely that. trump walked onto the teenage at the black journalists' convention in chicago and was
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immediately met with what he called nasty questions. abc's rachel scott set the tone right from the start, immediate ifly concentrating on race. trump waded right into it. it was contentious. trump stood his ground. most of the audience didn't like what he had to say, but trump had shown up. he took the slings and arrows and gave back as a good as he got. and here's the contrast. kamala harris was invited to be part of that convention, but she did the not show up. she pleaded scheduling difficultieses. she can't fit if an appearance in until maybe sometime in september. she's running away from if any serious media questioning. she's not held a news conference since she became the democrats' nominee. after her disastrous discussion with lester holt, she has shied away from probing interviews. that's when she was asked if steady been to the border and replied, i haven't been to europe either. he's is slip -- -- she is the flip-flop queen. any serious interview would expose that. you're going to see this
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contrast all the way through to the election. trump will engage directly, harris will not. second hour of "varney" just getting started. ♪ ♪ stuart: ben domenech with me now. ben, do you think trump was fairly treated at that convention yesterday? >> no, i don't think he was fairly treated. [laughter] i think that he was asked an aggressive, race-focused question right off the bat, you know? and i think that one of the things that people simply don't seem to want to understand when it comes to the democratic-supporting media is that they want to play these racial games and act as if voters, you know, regardless of their race actually vote based on issues like the economy. they care about housing prices, they care about inflation, they care about the cost of food and goods. they care about the sate of the is city and the state of the world. they care about crime and the border. these are all issues that
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anybody can care about as americans regardless of your race or backgrounds but it's democrats and their supporters in the media who want to make this race about race. they want to make it about a race and about abortion and about guns, about project 2025 and democracy and all that sort of thing as opposed to the issues that people typically vote on. and that's why i think it was so irresponsible in terms of a line of questioning to go after the former president that way. and he did give back. what i do think, stuart, is that the difference between these two candidates could not be starker in terms of what they're willing to do in terms of sitting down and being frank with people who are not friendly to them. stuart: ben, the podcast host, joe rogan, issued a warning about the november election. watch this. >> she's gonna win. i feel like we are in this very bizarre time where people are giving into the [bleep] in a way that i never suspected people would before. and this is -- they just want no trump no matter what, and they're willing to gaslight
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themselves. the thought that trump getting shot would like, that's it, election's over. but they memory holed that so quick. stuart: ben, i'm reading between the lines here. rogan thinks that voters are buying harris' flip-flops. do you? >> well, i think that the republicans are going to have to look and work a lot harder alongside donald trump and their other candidates to push back against kamala harris. i would encourage, by the way, everybody to watch that full interview. it's with my if friend michael malice, and i think that joe rogan sort of gives it a little bit more context. but the truth is that the media and hollywood are going to do everything they possibly can to pull the wool over the eyes of the american voter about how far left kamala harris really is. they're going to pretend that she can spin on a dime and flip-flop her way out of every negative position that she's held in the pennsylvania. s something like being completely opposed to fracking is something she can just wish
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away into the ether it's not something they'd do for any conservative candidate, for donald trump, and it's the incumbent upon republicans and their supporters to push back vociferously. kamala harris is a far-left candidate, and she can't fool the people for the next four month os to convince them otherwise. stuart: but she'll try. ben domenech -- >> she'll try. stuart: that was pejorative on my part if -- part, i guess. ben domenech, see you soon. lauren's back looking at new polling numbers on trump and harris. how do democrats feel about harris' chances? lauren: they like her more so than they did biden, but they're skeptical about a her chances of beating trump. so this is an ap if poll. pull it up. 56% of overall voters say trump wins in november versus 42% who say harris wins. but it does break down according to party lines, right? so -- but overall, 56 say trump's going to win $56%. contrary to what joe rogan said. if. stuart: thank, lauren.
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look who's here today, gary kaltbaum joins us. gary, is this a solid rebound for big tech? if. >> yesterday was a great move, but i just want you to remember the semiconductors dropped about 19% since july is -- july 11th, so we'll call it a rebound. i don't know if it sticks. the good news is i think i've been out of tech since july 1 11th and a few days after that. there's some things i'm definitely interested now. we had bought meta if at 350, sold it down at 530. we're looking at that again off of today's gap, an improvement in earnings. microsoft, even though it reacted poorly, i like how it's being defended as a stock here, and the numbers were pretty decent. i'm watching that also. so there are things i have interest in. of course, the big apple and amazon which are a huge influence on the nasdaq 100 and the s&p after the close, that'll give me a little more indication of where things are going. stuart: you're expecting solid reports from both apple and
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amazon? >> amazon numbers should be strong, apple, you know, they're just not growing like they used to, but i do believe there's been some improvement. my channel checks in china better and a little bit going forward they're going to have a new iphone. hopefully, that works. the valuations are in the trees, but we bought it early, around 2020, and sold it at 28 and we're out right now -- 228. if it's a decent reaction and they accelerate their numbers, we'll probably get back in. stuart: i think i've asked you this before, but jay powell says an interest rate cut in september is, quote, on the table. okay. i don't think you care, do you? >> no, because the most important thing you showed earlier, stuart, we're at 4% on the 10-year yield. that's the driving force behind markets, not jay powell poll. just so you know, he's at 25.25s down to 5%, whoopdidoo. it will not affect my job, your
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job or anybody else's jobs or the economy. 4% 10-year yield down from almost 5% a bunch of months ago, that is very good news. that's a tailwind versus the big headwind we had when interest rates kept rising on a daily basis. let's hope it even goes lore. stuart: 3.98 as of right now, gary, look what you -- >> terrific. [laughter] stuart: see you soon is, i trust. we've got to look at nvidia, and lauren's going to do it for us. up 50 cents. lauren: okay, service the up more. senator elizabeth warren and other progressive groups wrote a letter to the department of justice, and they want the antitrust regulators to open an investigation into nvidia's market share and if their dominance in artificial intelligence. this is one of our gems. the gain yesterday, theback after a some days of selling, added $329 billion in market value to this one stock in one day. we've never seen something of that size in the history of the market. so, yes, it's still up despite
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that threat from senator warren and the progressives. tawrt tawrt socialists can't stand big profits many big company. they're ca capitalists, and they hate it -- ab inbev. got a problem -- they're the bud light people, but that's a tiny fraction -- lauren: they have canned cocktails that sell very well. they have no-alcohol brews that they're 3eu69ing towards. so overall, profits stronger thanks to some cost cutting, and they're getting past this bud light problem. they come in all different flavors. lots of pink and purples. they're good. stuart: or all right. teledoc. [laughter] lauren: they withdrew their annual and long-term forecast. the stock is down 6%. expenses going way up, sales are declining particularly in their mental health unit. everybody remember during covid they made a virtual appointment with a psychologist of sorts to talk about what was going on? we're going back to the doctor's office now, the physical
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doctor's office. the stock's at $8.85. two years ago a, $25 the 3 to 8.86 in four years. stuart: that's a comedown. coming up, meta has responded after the company was accused of doctoring the photo of trump's fist in the air after the assassination attempt. a figure moving on the roof moments before the gunman opens fire, this as a trump meets with the fbi today to give his perspective on the assassination attempt. we're going to the speak to house oversight committee chair james comer 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.
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stuart: on the markets this morning the dow is down 130, but the nasdaq is up. look at that, meta is up 9. microsoft all of a sudden is $8 higher. amazon's rallying, alphabet's up, big tech rallying this morning. "wall street journal" reporter evan gershkovich and ma marine veteran paul whelan are part of a major prisoner exchange with the russians. edward lawrence at the white house. what more do we know about this, edward? let's have big smiles here. this is good stuff. >> reporter: this is good for especially those families of paul whelan and evan gershkovich. the white house not releasing or confirming details because this is ins process as we speak, so they don't want to talk about or jeopardize anything that's going on. we're getting a clearer
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picture,s this is a larger swap involving cousins of people in multiple -- dozens of people in multiple countries including those two men on the screen there, coming back here to the united states. we'll have to see what russia gets in exchange for this. a u.s. official saying turkish intelligence played a key role, in fact, turkish media saying the swap could be happening in ankara a. we're getting the first reaction from capitol hill, senator john cornyn talking about the two americans saying the baseless charge, sham trials and unjust imprisonment of these men is a stark reminder of russia's blatant disregard for human rights and its continues to -- continued to parisian presentation of innocent americans. we do anticipate later on today that president biden will talk about this, we do know he's going to speak with benjamin netanyahu and talk about this prisoner swap. this has been something that he has focused on and worked on for several months. stu? stuart: thank, edward with. today trump will meet with the fbi for the investigation into his attempted assassination or the assassination attempt, i
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should say. lauren, what can we expect? lauren: this interview is considered standard. it's trump's chance to explain how the shooting affected him personally. no if details about, obviously, when and where it will take place because if they don't want the media a to show up. but you have to remember trump is, of course, still a victim. also investigators are still searching for the motive. why did the shooter do this. they have two phones and one laptop. they're both concern do all three are being combed through, but much of it is encrypted, so now the fbi has hired an israeli firm to help them break in. also the video right here is from one of the two men that was seriously injured july 13 ifth. it was captured at a 6:08 p.m. by james copenhaver, you can see a person right there in the red circle on the roof. it's an eerie timeline that falls three minutes before investigators say the would-be assassin, thomas matthew crooks, began firing. stuart: all right. house oversight committee chair
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james comer joining me now. congressman, you've been involved in the shooting investigation. do you get to see trump's interview with the fbi? >> no, we don't get to see that. but we'll hopefully learning some information from the fbi very soon. as you know, stuart, i don't have a lot of luck9 with the fbi, but hopefully the former president will do better than what we've done on the oversight committee. stuart: are you concerned about the staffing level for the secret service at that rally? >> i'm concerned about how the secret service manages their money. stuart, the secret service has an annual budget of $3.1 billion, and they have 8,100 employees. but yet -- [no audio] heavily on state and local law enforcement. and, by the way, the state and local law enforcement weren't communicating with each other, and and the state and local law enforcement weren't communicating effectively with the secret service. so the secret service is going to have to completely redo and
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rethink how they protect these large events. stuart: i asked the question because i'm going to reroll that video. we're rolling it now. i want to go right back to the beginning where you can see the alleged shooter on the roof moving around three minutes before he started. when i look at that video, i'm astonished at how close he was to former president trump. i find that shocking, congressman. >> it's shocking. and every american should be outraged. again, the secret service has a no-fail mission. they're supposed to have snipers. they've got the best communications equipment. they're paid well. but yet this was allowed to happen, and the sad part for the secret service is that so many people in the crowd noticed the shooter, and they were communicating with law enforcement that there's someone suspicious climbing on the roof with a gun. the security breakdown of this is a joke, and the fact that when we had kimberly cheatle in
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front of our committee, she didn't say exactly what steps she had taken to prevent this from happening in the future makes every american concerned. i'm concerned for joe biden, i'm concerned for donald trump, i'm concerned for the foreign dignitaries that this come in here because i don't have confidence that the secret service is competent enough to protect our world leaders. stuart: google is once again being accused of censoring its search engine. just look at this tweet from elon musk. when he typed trump rally on google, kamala harris atlanta rally was the top result. senator roger marshall's demanding ans from google's chief executive. why did they censor results from trump's assassination attempt? google appears to be biased. what say you? [laughter] >> absolutely. i mean, we know that the social media a companies are like the major media company, they're almost entirely populated with extreme left-wing liberals that have an agenda. and google is no different the than "the new york times" or
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"the washington post." they have liberals in there that want to do everything they can this their writings and in their efforts to the steer people to hate donald trump and support whomever the democrat nominee is. this biasness is on full display with google when you hit the search engine. this is a direct result of a biased liberal work force at google and facebook and the other social media companies. stuart: congressman james comer, always a pleasure. thanks for coming on the show. appreciate it very much. >> thanks for having me. stuart: all right, ashley, good morning to you. what is meta's response after they were accused of censoring trump's photo? ashley: well, interesting, meta if acknowledged its internal system incorrectly applied a fact check label to that picture of trump after the attempted assassination. it also says there were errors involving meta a.i. responses about the shooting which in some cases claimed that the incident doesn't happen at all.
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joe kaplan, meta's vp of global policy says in either case it was not the result of bias, but he says he understands why it could leave hemowith that impression. following the shooting, meta's a. i. chat bot was programmed to not respond to queries about the assassination attempt at all. that led people like elon musk and trump the himself to the accuse meta of election interference. meta says it has updated its a.i. response, but kaplan admits it should have been done a whole lot sooner. stuart: all right. thanks, ash. still ahead, harris has been trying to to run from her progressive past. she's now trying to distance herself from her 2020 the medicare for all push. another flip-flop. hillary vaughn has the story coming up. trump slammed harris for previous remarks she made about a proposal that suggested increasing the tax rate to 80%. watch this. >> she said that 70-80 tax rate
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is a, quote, very bold idea with. they want to give you a tax increase of five times what a you're paying now. how the hell do you get elected? stuart: so if he wins, what would a trump economy look like in economist ej antoni sorts it out for us after this. ♪
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stuart: on the crypto market this morning, bitcoin is down at $64,000 a coin. etherium also down, 3,165. our very own kelly o'grady will be anchoring a half hour special called the crypto campaign airing tomorrow at 8 p.m. eastern here on fox business. lauren's looking at the movers. we'd better start with applied materials, down 4%. lauren: they're not getting the chip act funding they were promised. they were promised $4 billion to build out a big research and development center in the heart of sill von -- silicon valley, and the commerce county pulled it. the stock is down 4. stuart: wonder why they pulled it? lauren: not sure. stuart: wayfair? lauren: reporting weaker sales.
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stock's down 3.25%. what the ceo said is very concerning. of course the customer remains cautious, but when they looked at their credit card data, it suggests the same caution that we saw at the great -- during the great financial crisis. so that's a severe slowdown. that's recessionary. stuart: yes,es. that's interesting. very much in the news agreement -- recently, carvana. lauren: yep with. used car retailer. they're forecasting an annual core profit well above wall street estimates. more car buyers turning the online. and guess what in prices are coming down for used cars. industry-wide, the average is just over $25,000. that's down 7% in the past year. stuart: caravan ma's had a whopping gain very recently. lauren: yeah -- the. stuart: i don't know what it is -- lauren: well, give me a second, give me a second. they are up this year by 150%. stuart: that's a gain and a half. another one we didn't see, right in. [laughter] thank you, lauren. now this, kamala harris cons to flip-flop on the -- continues
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to flip if flop on her extreme far-left policies. she's trying to distance herself from wanting medicare for all. hillary vaughn on capitol hill, what has she said in the past and what is she saying now? >> reporter: well, back in 2020 the during vice president kamala harris' first presidential campaign, voters heard her make the case for medicare for all a, a single-payer health care system. but if voters think that that is what harris still believes today, they would be wrong. >> do you support the medicare for all bill -- >> right. >> initially cosponsored by senator bernie sanders. >> yes. >> i believe it will totally eliminate private insurance. >> the idea is that everyone gets access to medical care, and you don't have to go through the process of going through an insurance company, having them give you approval, going through i the paperwork, all of the delay that may require. let's eliminate all of that. let's move on. >> reporter: but that the old hearst, and the new kamala harris is moving on. she does not if support a single-pa payer system.
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her campaign has hold reporters, that's a 180 on an issue as a freshman senator she signed on the to -- on to right away. she also a signed on to senator sanders' free college plan and green new deal. but while you might think that a harris and sanders would be in lockstep on the issues ors, even bernie sanders today seems thrown off by harris' recent moderate makeover, seeming confused about what exactly she sands for. senator, do you think that vice president harris could be the most progressive president of your lifetime? she's agreed with all your ideas, free college -- >> [inaudible] >> reporter: i'm with fox. >> -- about her, but i think most americans understand that health care is a human right. i think that's how most americans feel right now. >> reporter: we have yet the hear from harris herself about a why she has had this change of heart or even that she has had that change of heart.
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all of this walkback on policy has come from her staff and her campaign. stuart? stuart: thanks very much, stuart. check out -- look at bottom right-hand corner there, the dow now down 250 points. i better point out that boeing is down or sharply, and that's to taking 61 points off the dow. caterpillar takes 44 points off the dow, and unh takes 41 is points off. here's the good news in terms of interest rates. look at the yield on the 10-year treasury. it is 4%. not seen that in a long time. you're looking at 33.983% -- 3.973%. all right, maybe check the 2-years as well. why not? well below 4.25%, it's at 4.19. now this, trump went after harris for calling aoc's proposal of a 70 or 80% tax rate a bold idea. >> she said that 70-80% tax rate is, quote, a very bold idea,
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something that we have to discuss very seriously. she likes it. and you know, all my life i watched politicians, and they've always said we will reduce your taxes, we will reduce your taxes, we will cut your taxes. they want the give you a tax increase of five times what you paying now. how the hell do you get elected in this country is so screwed up. everything's backwards. stuart: e.j. antoni joins me. all right, e.j., if trump wins, what would the economy look like? i'm thinking of we've got tariffs ors we've got a bitcoin reserve, we've got tax cuts. would he get us back to the same economy that we had last time around? >> welsh stuart, i think we should show regulatory reform in there as well, right? this is manager that the trump administration -- this is something that the trump administration i don't think gets enough credit for, frankly. they were able to reduce costs to households by over $2,000 per year. conversely, the biden-harris
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administration has done the opposite. they have added almost $5,000 in costs per year, per household. but beyond that, stuart, i think we're fortunate right now in that it doesn't take a lot of speculation here. we have two candidates who both have records as executives. and under trump the record was, frankly, quite positive. for example, real or inflation-adjusted personal disposable income rose 26% during his tenure. thus far under the biden-harris administration it's down 6%. so the contrast is pretty stark. stuart: let's talk debt. elon musk retweeted your post on the massive interest that we're paying on the $35 trillion national debt. e.j., will this be the treasury's biggest expense, payments of interest? >> stuart, on a yearly basis we are fast approaching that, and that is why i'm so glad elon is helping bring attention to this really, really serious concern right now for the country that,
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frankly, a lot of the politicians are just ignoring. in fact, in the month of june it was the biggest expense. it was the biggest line million in the treasury's monthly statement -- in the treasury's monthly statement. it was so large that it consumed the equivalent of 76% of all personal income taxes paid that month. now, we're talking about the treasury's largest source of revenue here, and three-quarters of it are going just to to finance our debt. it's over a trillion dollars a year right now, and by the end of the decade we're going to hit $2 trillion. this is insane. stuart: is there going to be a debt bomb explosion at some point? and if so, when's it going to happen? that's what everybody wants to know. >> well, stuart, the problem with predicting it -- first, you're absolutely right, there will be some explosion at a some point if we don't fix the problem. the difficulty in predicting when it's going to happen is that it has less to do with math and more to do with psychology. when coinvestors finally pick pup on the fact that the treasury's not going to the pay hem back? or if they do, they will be
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receiving dollars that are so devalued it's equivalent to the a back door default? and once people wake up and realize that's what's happening, that's when the shoe drops. gnu. stuart: none of this is good. 'em j. j. antony, see you again soon. >> thank you. stuart: number of houses on the market just hit a post-pandemic high. didn't know that. ashley, details, please. ashley: signs of hope. realtor.com says the number of homes actively for sale nationwide grew 36.6% last year-over-year last month. economists say it's the an encouraging sign that the housing market could be turning a corner. but before you start throwing confetti, for comparison, the numbers last month were still 28.6% lower than in july 202019 -- 2019. in other words, before covid hit. there is another trend in housing. buyers are seeing homes price cut on a much larger share. it's another positive sign for
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people who are struggling to get into the market at all. and, by the way, the cities that have seen the biggest inventory boosts are seattle at a number one followed by san jose, california, and and columbus, ohio, in third place. stuart: thanks, ash. kamala harris just got a major union endorsement. we'll tell you which union in just a moment. boeing taps an aerospace veteran as its new ceo. he's going to the face a tough future. lydia hu has the story next. ♪ i want to get away, i wanna if fly away. ♪ yeah, yeah, yeah ♪ you ever try cashbacking? it's earning 3% at drugstores with chase freedom unlimited. so i can save on something special for a first date?
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stuart: on the markets right now, the dow is down 300 points. that's interesting. there's a lot of industrial company on the dow. the economy is clearly slowing, and that maybe is hurting their stocks. they've got -- the other side of the coin is a slowing economy is
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giving us a very low yield on the 10-year treasury. it's dropped below 4. that's good news all around. individual stocks, look at a ferrari, please. up again today. they lifted their full-year forecast. ferrari sold more expensive models in its product range and saw increased demand for personalizations. up $55 at a $418 -- $5. kamala harris just got a major union endorsement. ashley, which union? >> reporter: the united auto workers endorsing kamala harris. sean feign, the union's president -- shawn fein, says harris has a proven track record of delivering prosecute from the working class. the union endorsed joe biden back in january after holding out for months over concerns about the administration's policies on electric vehicles. f if ein has preetedly blasted donald trump -- repeatedly blasted donald trump's policies towards unions. that said, the uaw has
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acknowledged that about a third of its members voted for donald trump in 2016 and in 20 to 20. stuart: ash, thank you. now this, boeing justed ad -- [inaudible] as its new ceo. lydia hu has been following this story. why did boeing hughes him? >> reporter: he's an outsider from boeing, but he's well known within the aerospace industry. and that's probably why. wartburg is former ceo of rockwell collins, a major supplier for boeing. he's also a mechanical engineer by training, and he developed a reputation for walking the production floor while at rockwell, building that workplace culture and cementing relationships with airlines. so it's his background that gives some confidence that he is the right person to lead boeing now as a it's the nation a major labor negotiation and questions about its workplace culture and safety. listen. >> if you look at kelly's history, he was a longtime
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executive at rockwell collins. rockwell collins was a company that is -- their customers if are very happy with their products, their employees very happy at the company. the company had a well balanced view of investing mt. future but also -- in the future but also running the business and taking care of shareholders. >> reporter: yeah, taking care of shareholders for boeing now, that's going to be critical and top of mind, for sure. the company if disclosed dismal quarterly resulted just yesterday, lost more than $1.4 billion in the second quarter, missed revenue expectations. the stock down about, i just checked a moment ago, about 5% today. almost 30% on the year, stuart. but some say getting the financials back in order means that production for boeing is paramount. production last quarter down more than 30% from a year earlier. safe a city also being scrutinized by federal regulators -- safety -- since that mid-air blow outback in january, and boeing is still trying to recover from who two deadly crashes from 2018 and another from 2019.
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hundreds of people were killed. just earlier this month boeing agreed to plead guilty to criminal fraud relating to those crashes, but the families of the victims, they're pushing back. they're asking the judge, reject that deal. some want boeing to the stand trial. so ortberg is going to have to take on all of those issues, and i think he put it best yesterday, quote, there is much work to be done. stuart, he takes over one week from today. stuart: i think that's an understatement. lydia, thank you very much, indeed. coming up, young, black voters may be the new swing voters, young black voters between 25-34 gave equal support to biden and trump when biden was still in the race. trump got into a heated exchange with an abc reporter at the black journalist convention. harris' campaign pounced on trump's remarks city -- saying this was what voters could expect from a second trump administration. griff jenkins will have that story. griff is next. ♪ ♪
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stuart: all right. look at this market, down 370 points for the dow, down 123 for the nasdaq. however, if you look at the treasury market, you'll see a
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sharp decline in interest rates. look at that. the yield on the 10-year treasury is now below 4%, 3.97. donald trump, well, he just held a contentious discussion with black journalists. the questioning was hostile. griff jenkins joins me. all right, griff, what is kamala harris saying about this? >> reporter: well, she's blasting trump over the comments, and good morning, stu. before we get to the what she said, it's important to roll the tape back because right out of the gate this event was a buzz saw of hostility. no hello, no thanks for coming, glad you're okay. instead, it was this: >> you have used words like animal and rabid to describe black district attorneys. you've attacked black journalists calling them a loser. why should black voters trust you after you have used language like that? >> first of all, i don't think i've ever been asked the question so, in such a horrible manner, first question -- bronze >> reporter: now trump's under fire for questioning harris'
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racial identity saying he doesn't know if she's, quote, indian or black. trump's campaign labeled it liberal mainstream media mall practice. harris, who said she could not appear because of scheduling, had this to say. >> donald trump spoke at the annual meeting of the national association of black journalists. and this was the same old show. the divisiveness and the disrespect. >> reporter: as for harris' no-show, stu, our d.c. team notes the only thing on her schedule yesterday prior to a 3 p.m. campaign event was lunch with president biden. stu? stowfort stuart griff, thanks very much, indeed. gianno caldwell joins me now. do you think trump was treated fairly at that convention? >> well, let me answer it this way, stu: i've never seen an interview with joe biden where they start off the questioning
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saying, well, joe bide joe biden, you said if you don't vote for me, you ain't black, to the african-american community or you didn't want your kids growing up in an nearby racial jungle or the fact that you did use the n-word on the floor of the house of to representatives. i've never seen that. but that's what happened and those are the facts. and the fact that they opened up a discussion that way, what else did you expect to get out of donald trump when you open up -- i would call it a nasty way. it wasn't professional. stuart: but the big deal is trump showed up, voluntarily showed up -- >> he did, absolutely. stuart: he knew he was facing a hostile audience, and he answered any and all questions. i think that's in direct contrast to to kamala harris. >> 100%. and it tells me this is a person that's serious about the black vote. we know he's been a cultural figure in the black community for many years. black folks have idolized him, they wanted to be like donald trump, and now he's going after their vote many direct ways on serious issues. i'm here in the city of chicago.
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the migrant crisis has been a serious issue. migrant crime has also been a serious issue, and it's been a drain on the resources here in the city of chicago which african-americans have been asking the city for resources for decades and they've been told there's no money, yet they're spending hundreds of millions of dollars on the migrant crisis. we're seeing donald trump has been changing the numbers when it comes to black support for his candidacy and with joe biden, and it's still the case under kamala harris. stuart: could it be that young, black voters may be the swing voters in the election? black voters between 25-34 gave nearly quality support to widen and trump -- biden and trump. that was when biden was running. now that harris is running, will young, black voters swing back to her in. >> see that's the thing, stuart, i'm not sure that that is going to be the case. kamala harris has an atrocious record. she has locked up a lot of black women who didn't send -- whose
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kids skipped school. it was a truancy issue in the state of california. she's kept black folks in prison longer than their actual term, and that's an issue we saw tulsi gabbard mention that in the democratic debate in 2020 the which was what really took her out of the democratic presidential race at that a particular point, that particular debate. so there's a lot of issues to expose. i think many americans don't really know her or record, they've not seen her do much as vice president. ribbon-cutting ceremonies and, you know, light talks and and that kind of thing, they didn't see her take on serious issues like the border which we know before the media tried to lie about it and can and say she wasn't the border czar. she was, she was responsible for the border according to joe biden. and if no one even refuted that until she ran. just like no one refuted she was the most liberal senator in the u.s. senate until she decided to run for president. so we understand9 what the facts are. heistly -- history cannot be deleted here.
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stuart: she needs to hold a press conference. gianno caldwell, thanks for joining us. >> absolutely. stuart: still ahead, our enemies are gearing up, coming together to challenge american power: are we prepared? i'll ask retired four-star general jack keane. trump says he's ready to debate harris. marc thiessen will deal with that. oklahoma senator markwayne mullin on former democrat senator doug jones saying the border will not be a defining issue for the race. the 11 1:00 hour is next. ♪ ♪ i'm unstoppable, i'm a force of will with no brakes. ♪ i'm invincible and i win every single day. ♪ i'm so powerful, i don't need batteries today. ♪ i'm so confident, yeah, i'm unstoppable today ♪
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