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ashley: thank you for a little david bowie. it is 10:00 eastern. i am ashley webster in the first stuart varney. the dow up 0.1%. the nasdaq down half of 1%. nothing to concern the markets about the fed holding back on a rate cut. look at the 10 year treasury moving slightly higher but it turned negative down two basis points on the ten year. look at the price of oil, ever so slightly lower down $0.17,

just above $78 a barrel and bitcoin down 59,476. that a look at the markets. now this. nikki haley making an urgent plea to donald trump and republicans last night, stop whining about kamala harris and focus on the issues that matter. >> the campaign is not going to win talking about crowd sizes or what race kamala harris is or talking about whether she's dumb. you can't win on those things. the american people are smart. this is a winnable election. you need to focus, who is your target market? your target market is suburban women, college educated, independents and conservative democrats. that your target. the target issues are the economy. we are in a knife fight. right now we need to be focused on who we need to be.

ashley: former arkansas governor mike huckabee with us this morning, great to see you. what do you think of what nikki haley says. is she right? >> she's right. trump supporters are not going anywhere. we are going to vote for donald trump because it is about policy. we could care less about his tweets, something he says at a rally to rally up the crowd. we love him for who he is. he will say some things that will be cringe worthy to a lot of people. in order to win the race what nikki haley says is correct. just focus on the issues people care about. they don't care how many showed up at a rally or anybody's race or gender. they care whether they can afford gasoline and groceries whether to control the border, whether we are going to support the second amendment, people accept the sanctity of life.

we care about what is happening in the world, the invasion of ukraine, israel is over run by idiots and monsters who slaughtered civilians and we can't figure out what side we are on. that matters to a lot of americans and that is where the focus needs to be. let the surrogates do the nasty stuff. the long knives are best in the hands of people on the ballot. ashley: is donald trump capable of listening to people around him and saying stop the ranting, stop the insults, stop painting such a dire picture, stick with the issues. is that likely? >> he can do it, he did it with you on musk. it was a great opportunity. he took it. a billion people saw that he can have an interesting conversation with someone who isn't out to get him. when donald trump sits down with someone from cnn and he's willing to do that unlike

kamala harris, sometimes they approach him immediately with an attack. it's not an interview. of the confrontation, and interrogation. he is good and answering it back, so is j.d. vance. it's a matter of balance and focus, if he's going to say some things, let him say it. it can't be the main emphasis of his message because people do understand they were better off with donald trump. he's got to keep reminding them of that. ashley: you alluded to this, even kamala harris's campaign is struggling to defend why she's yet to sit down for an interview. watch this. i will get your comment. >> i don't think she has any campaign events on the schedule today, does she? >> she had after 10 have been traveling across the country hitting every battleground state on the campaign trail. >> it seems like she has time

if she wanted to do an interview with a member of the media or a news conference. there does appear to be that time issue. >> she said on the campaign trail she would be doing an interview at some point. she said that last week. ashley: can they get away with reverting to the basement strategy? >> no one else in the world can get away with it but the only reason she might is because the press let her. i was thrilled to see the cnn anchor held adrian to a real confrontation. how can you say you don't have time for a debate, you don't have anything on the schedule, today would be a great day for an interview and there is no answer except remember when robert they niro totally fumbled and was like an actor without a script and it was a

disaster, that is kamala harris. without a script, she's a disaster. it is word salad, chopped and delivered on several different plates. they are scared to death that she will go out there and she would speak without a script. they are hiding her. it is good politics on her part. she's not good at doing an interview so they will keep her from it until they are forced to have to let her go on script and then we will see the real kamala harris. ashley: she's wanting to represent the country as president, she has to come out at some point. governor mike huckabee, great stuff as always. thank you so much. okay. now this. radio host praising donald trump's sitdown interview with elon musk. >> reporter: he also likes it. two really rich guys talking about the only two issues that

truly matter to voters, the economy and safety. watch here. >> i heard them talk about the border extensively and the economy extensively and that is why trump resonates with people, he speaking to the issues and those are the major issues, folks don't care about other stuff as long as what they care about is being addressed. people want more money in their pocket and how are you going to feel safe, that is what his base cares about, that's what everybody cares about. when you are talking about light bill being low and water control and groceries being lower everybody cares about. lauren: have a plan to fix those issues. harris and tim walz slammed the to our conversation is two billionaires who are so out of touch with ordinary middle-class americans but charlemagne is saying the opposite. they are rich because they are successful.

they know what working-class americans need and want to hear. ashley: rich coming from liberal democrats who do it any day but let's move on. voter registration data showing rising enthusiasm for democrats in two sting states. which states? lauren: north carolina and pennsylvania. this is in the week that harris entered the race. they xi and large uptick in people who registered to vote as democrats. it was the best registration in those states this year. however, republicans saw a huge jump a week of the rnc after the attempted assassination on donald trump. you have both sides that are engaged and enthusiastic, both candidates are popular. who shows up to vote and what do the independents decide to do? that will determine the election. ashley: thank you. back to the cpi report.

prices up 2.9%, hasn't dropped below 3% since march 2021. more than three years ago. ray wong joins us this morning. inflation seems to be cooling, opening the door for fed rate cut. >> this is data dependent and we are waiting for every data point with baited breath and people are hoping to get 0.50 cut in terms of the september meeting but we are waiting for what's happening in jackson hole. this in terms of where the fed decides to go but everyone agrees they've been late, the dual mandate of inflation and full employment. ashley: there's a lot of cracks in the labor market. it is fascinating to get your

open unit, us officials are considering a breakup of google after the judge found they monopolized online search and ads. how does this play out? >> a lot of things. the government believes they broke antitrust laws with exclusive arrangement for search on mobile devices. no one really searches on be iangie. the golden rule, do you harm the consumer, if the answer is no, there is an appeal process. a couple years before this is settled but we see what the remedies were and what the government wants to do. could be a breakup of chrome, could be a breakup of the business, questions they are throwing out. depending on the outcome this

could take years. ashley: fascinating to follow. we are out of time but thank you for joining us. let's look at the markets. lahren, you are looking at the movers. pellets on --peloton. lauren: if you have a fitbit you can get workout classes starting this fall but let's not turn around the stock. let's look at travel companies like expedia, booking.com as this trio is spending more to lobby lawmakers for fuel restrictions on short-term rentals. growth in the short term rental supply is down in 17 of the 30 cities they track.

starbucks up 25% giving 4% of that back today despite three brokerages recommending it to a by. they go to one hundred $20 price target at 91. they see a brand turnaround now that chipotle's brian nichol will be . ashley: thank you very much. the state department is warning there would be a severe and swift response if iran were to send ballistic missiles to russia. what exactly would the response be? jack keane deals with that question and more. russia withdrawing its troops from ukraine to respond to a ukrainian offensive inside russia. benjamin hall has the latest on the incursion that is rattling vladimir putin next.

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ashley: look at these markets, 45 minutes into the session at essentially flat. nasdaq downward movement 111 points, the dow in the s&p essentially flat. wanted to mention biotech company illumina up 3% after an upgrade, recently laid out a plan to boost growth by helping scientists interpret data. the stock up 3%. russia is withdrawing some of the military forces from ukraine to respond to the ukrainian incursion inside

russia's kursk region. bring us up to speed on the latest. >> a counteroffensive into russia in its second week, the russians are still unable to hold the ukrainian forces back, the boldest move they've made since the beginning of this war, ukrainian troops have taken 74 villages, captured hundreds of russian troops. perhaps of a safer hostage swaps in the future and hold an important natural gas station to europe. 75,000 russian civilians have been evacuated as a result of added pressure. they now control 400 mi. of russia, 19 miles into the country and arctions. president zelenskyy said this proves ukraine was able to take the initiative and said war was coming home to russia and he

vowed to kill the russian terrorists where they from. many air defenses were hit in the last two hours. there are a few reasons ukraine has done this. it lifts more out for the ukrainians and shows western allies that ukraine is a capable fighting force and russia is now moving thousands of troops to heavily contested front lines and may put ukraine in a more favorable position in the event of a cease-fire. the ukrainian ministry commentating on that saying the sooner russia restored a just peace the sooner ukrainian raids on russian territory will stop. the question is how does valerie boudin respond? it would be dealt with harshly. the question is whether he will target ukrainian cities. ashley: fascinating move. benjamin hall, thank you for that.

let's bring in jack keane to talk about it. is this a turning point? an incredibly bold move. could this profiled leverage for cease-fire? how do you see this playing out? >> it's a step in that direction. there three things going on here. at the strategic level, ukrainian leadership, they are frustrated by the general perception of the war is stalemated. what happened to the ukrainians is they have been defending given the delay in equal attend munitions as a result of america's political process. they have been defending against a major russian counteroffensive and are doing it quite well despite the marginal gains but russia has. they been defending against massive air attacks against their cities and their energy

infrastructure with considerably less interceptors than they had in the past. that doesn't spell stalemate. it spells advantage russia. without having a navy, ukraine has defeated the russian navy in the black see. it is a remarkable result and export grain is flowing. strategically, what he has gained is an initiative demonstrating to the world this war is not stalemated and he wants the united states, europe, and asia, to understand they are very much in this fight and i need your support. that's the strategic objective. the military objective is destroy the russian forces that are attacking kharkiv. there airbases in this area. there's a military objective.

as been mentioned russia has repositioned forces from their counteroffensive to deal with this. the third thing is what a shot in the arm for the ukrainian forces. there moralities boosted as a result of punching russia in the nose. it underscores the boldness, the imagination including the bravery and determination of the ukrainian leaders and their troops on the ground fighting and the support they get from their people. ashley: to this one too. the state department just warned iran there will be a swift response if they send ballistic missiles to russia. what will response look like? >> i am pausing.

to confront iran. they operationalized their proxies conducted 200 attacks using proxies the list three years shutting down the suez canal. believe the rhetoric the united states uses in threatening them. they've not gone after iran's navy capability insisting the houthis shut down the suez canal. we've not gone after their rockets and missiles which is there strong suit and taken it away from them as a matter of deterrence. not talking about going to war with iran and going after the capital of tehran and their infrastructure. i'm talking measured, limited military operations the military command and central command recommended to the administration. iran hears this threat and they

don't take it seriously and evidence suggests they shouldn't. ashley: we will have to leave it there. thanks for joining us, there is so much. thank you. turning to the war in israel, hamas said they would not take part in the latest round of cease-fire talks. why not? lauren: they don't think israel will budge on their demands. hamas wants israel out of gaza, than they will release hostages. israel will only agree to a pause in the fighting and they want to eradicate hamas. cease-fire talk are tomorrow in qatar. negotiators want a truce to hold back iran from retaliating against israel for killing that hezbollah and hamas leaders. it's two weeks since air and edits proxies threatened israel with a major retaliatory attack. we are waiting, cease-fire talks tomorrow.

ashley: not holding my breath but thank you very much. trump's lawyers have tried to get judge murchon to recuse himself but he has a conflict of interest but nothing has changed, the full story coming up. new data showing new york city spent $5 billion caring for illegal migrants in new york city. mayor eric adams says the number could double by next year. minority leader joe borelli will be here to talk about it next. ♪

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ashley: let's look at these markets. the hours up 75 points, the s&p has remained essentially flat. the nasdaq slightly lower in the markets after the inflation data which was pretty muted. come in here looking at the other movers. let's look at ubs.

lauren: reported net profit of one. one billion dollars, double the consensus. they see stronger client influence and the first full results after they got a large with credit suisse in may. home depot, we talked about this yesterday after earnings report but news this morning the mortgage bankers association that mortgage applications surged 6. 8% last% last week and refi up 35% in one week. more people refinancing because mortgage rates are moving down and have been for two straight weeks. victoria's secret, hillary came from rhianna's company and before that urban outfitters. the company said sales fall this quarter but not as much as

first thought. the runway show coming back after a 5-year hiatus. stock is up 18. ashley: i don't think victoria has any secrets left. stock is up 17%. lauren: i dig a runway show. it's a goal. ashley: i am not going to get into that. ice has arrested a haitian migrant accused of raping a 15-year-old girl after was originally set free on $500 bail. bill, the big question is how was he allowed to be released in the first place? >> it is a wild story. forces were furious when local authorities in massachusetts ignored how they released this child rapist on $500 bail.

ice deportation officers arrested haitian national cory alvarez 30 minutes south of boston, in federal custody. as fox reported alvarez was charged with aggravated child rape after prosecutors say he raped a 15-year-old girl in massachusetts in march. alvarez first came to the us last year, he flew into new york city as part of the biden administration's controversial mass parole program that allowed half-million migrants to fly directly into the us. dhs put a pause on the program after an internal audit found a significant amount of fraud in it. in our jerez's case he was supposed to be in newark, new jersey where he said his parole sponsor was but instead he somehow ended up at a hotel for

migrant families outside boston where he had access to a 15-year-old girl. the da's office prosecuting him for alleged rape is calling out dhs saying in part as part of the alvarez case for months now our office repeatedly asked questions of state and federal officials about specifics of the process. we received little to no answer. there's a reason the department of homeland security has positive the issue for travel authorizations for new beneficiaries while it undertakes a massive review of the process. a statement about alvarez's arrest, we cannot allow any significant threat to the children of our communities to potentially reoffend. we will prioritize public safety by arresting and removing noncitizen offenders. alvarez's attorney says he's innocent of charges against

him. they will cooperate with the local case but won't give alvarez back to the locals unless they agree to a core door that would mandate they return him to federal custody after every single court appearance. ashley: shocking, thank you for bringing us that story. new data showing new york city likely spent $5 billion of services for migrants flooding into the city. that number could double by next year. joe borelli joins me, how will the city afford this? >> we are offsetting other budgetary needs elsewhere. the $5 billion this current fiscal year double the amount

of our iconic fdny. 10,000 firefighters, all of that half the cost of the migrant crisis that doesn't seem to abate no matter flailing of the arms the mayor wants to do. ashley: sanctuary city, a big part of that so to this one. the migrant accused of raping a woman at knife point had a federal immigration detainer placed on him for a prior sexual assault but was never deported. mayor eric adams blaming sanctuary city laws. >> really despicable act in coney island. that to the law. not happy about that. he is the poster child for what is wrong with that coordination.

it is clear he does not deserve to be in our city. that number of migrants, they should be held accountable. ashley: who is to blame here do you think? >> a series in the bill deblasio era that precludes the nypd from cooperating when there is clear evidence someone committed a crime and adjudicated by having come here illegally. prior to that, we could have ended their prey on the city but now we can't. if we passed a law saying the nypd couldn't cooperate on mafia cases, the only beneficiary -- basically

preventing them, migrants raping and murdering, the only beneficiary, the backward system, one hundred 80 degree direction. ashley: it certainly does. we have to leave it. thank you so much for taking time out to talk to us. judge juan murchon refused to recuse himself in donald trump's trial. is he saying why? lauren: he says there's no conflict of interest even though his daughter works for kamala harris who is now running for president. the judge says he's not biased and rejected the defense claims that they are heard in court as a result of his bias. this ruling paves the way. trump will be sentenced in september, he was convicted in may of all 34 counts against him for falsifying business

records in a new york case. that was the first of four criminal cases, the first and only one to go to trial. ashley: a judge isn't going anywhere. thank you very much. in a rare move the justice department is considering breaking up google. grady trimble has that report in the next hour. the biden administration often touts the reflect -- inflation reduction act for successes but investigation by the financial times showed 40% manufacturing investments have been delayed or paused indefinitely. hillary vaughan will have that story. ♪

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ashley: new data shows biden's biggest manufacturing investments were delay or paused indefinitely. hillary vaughan on capitol hill will. hill. the question is what happened? >> reporter: over a hundred of these projects costing one hundred million dollars funded by taxpayer cash from the biden/harris administration, 40% of these projects have hit a hick up and are delayed for months. some years, others paused indefinitely. financial times review found $84 billion worth of taxpayer-funded projects are in limbo putting the biden harris economic agenda in a lurch, something harris hopes to capitalize on on the campaign trail but while harris is flaunting her successes in the white house, she's trying to distance herself from it. >> she's proud of her economic agenda with president biden,

putting 500 million jobs, four major economic bills passed, vice president harris is part of that strategy. you will hear us talk about her policies and her plans for the next 85 days of this campaign. >> reporter: people are waiting for specifics on what harris would do differently as publicans criticize her for keeping her policies a mystery. >> what she said in the past now that she's a candidate everything seems to be flipping. if she has no policy she has no position and no internal gyroscope how will she negotiate leaders like xi, vladimir putin, who is going to respect her? >> reporter: we are told vice president harris will roll out her economic vision in a speech on friday in north carolina and the only new policy we've heard from her is no taxes on tips. that's an idea trump had first.

ashley: thank you very much. back to the cpi report, 2.9% in the last 12 months. under 3% for the first time in three years. the former chief economist for the office of management and budget joins us now. with the latest data what do you think it means for rate cuts? people on the show said it's 50 basis points, what say you? >> inflation is still hot in my view, up 0.9%, 50% higher than the fed's target rate, 3.2% in the last year. we have an inflationary problem. inflation beast hasn't been slayed yet and there's more

work to do, why would we be cutting now i'm putting more inflationary pressure out there in the economy? ashley: we have a struggling labor market with the crack starting to show. how do we address that issue? >> the fed has no control over the labor market, their controllers inflation and that's where they have to keep their eye on. what we should be doing is unleashing the economy, cutting spending, cutting taxes and regulations and allowing people to have more opportunities for jobs which we are seeing weakness in the labor market but i don't think that's where the fed needs to turn its direction. ashley: isn't full employment one of the dual mandate along with 2% inflation? >> it is. going to just price stability, we don't need a dual mandate, that's outside the fed's job

and entrepreneurs in the private sector, to get outcomes in the economy. that doesn't end well. ashley: do you think there is still talk about recession, is that a major slowdown. >> the r word has been used a lot lately. certainly many americans feel we are in a recession. a survey showed 52% feeling we are in a recession no matter what the biden administration likes to use in their rhetoric people don't feel it's doing them well in this economy. the latest numbers show average weekly earnings adjusted for inflation are down 3.9% since biden took office in january 2021. this is why people feel it's not a good economy and i heard your segment where harris is trying to come up with new

policies, she wants more government spending and more debt. ashley: on that happy note we believe it but great stuff. we do appreciate it. coming up. a biden administration program meant to remove illegal migrant families has allowed 90% of them to stay here. details on that. video from 2019 shows kamala harris trying to shut down migrant deportation centers if elected president. former acting ice director on the reality of a biden/harris border. that's next. he looks down at his queen, and says... (in atrocious french) au revoir mon amour. a bientot

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ashley: resurfaced video from 2019 shows kamala harris promising to shut down migrant deportation centers if elected president. >> i want to know when you become president, would you be committing to close the immigration detention centers? >> absolutely, on day one. on day one.

ashley: the former acting ice director joins me now. are we going to get more people in the open border under a harris administration? >> thanks for inviting me. this administration with vice president harris in the lead as border czar have seen the worst traffic of illegal migration we've seen in the history of the border. hundreds of years. when the admin station took over we had 50 year lows, record fentanyl deaths, record human trafficking, record encounters of people, record criminal arrests and millions of got aways. more to come with i harris administration and claiming to shut down immigration detention centers, she was a senator, she had the power to put forth legislation for how immigration

laws operate in this country. where is that bill? they put a bill out on day one in the biden/harris administration which effectively would give amnesty to everyone in the country illegally. they wanted in that bill to reopen the deportation cases where we had 50 year lows in activity, they tried to put a moratorium on detention and removal. that means anyone arrested by cvp would not have been removed under their regime. ashley: the program to remove illegal migrant families is allowed, 90% to stay in the country. migrants are becoming citizens at the fastest rate in a decade. this begs the question i

democrats doing this on purpose? is all about votes? >> they are trying to change the electorate. we have millions of people who have come to the united states in the last three years. that's not by coincidence. this is happening based on policy choices this administration has made on the southwest border as relates to new citizens. the trust in government is ash an all-time low, with the border security and immigration rules overall, no trust, no confidence, no credibility in the biden/harris administration. ashley: that is a big place if you want to call it that to leave it. thank you for chipping in today with your comments. still ahead, texas congressman chip roy will be here, doctor marty makary and brian brenberg. the 11:00 hour of "varney and company" is next.

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