winning by 5 or 10. he probably has a small lead right now, but that's nationall- maria: yeah, all right. >> and hedge funds don't have enough leverage after getting blown out, so so we're going higher as they relever up. maria: kaylee. >> looking forward to kamala's presser this afternoon when she's supposed to lay out her economic agenda, and i'm going to be looking to see whether the media a starts asking her tough questions about it or whether they let her roll this out no questions asked. maria: thank you so much, michael lee and kaylee mcghee white. love having you, as always. we will see you on monday. "varney & company" picks it up now, and, stu, i'm really excited for you, you're going to the democratic national convention, and i know you'll be joining us next week. stuart: yeah, every day next week, i hope. maria: awesome. stuart: all right, good morning, everyone. today kamala harris takes a gallop down the populist road. she's about to reveal her

economic plan. she will tack that tackle -- tackle inflation with price controls. price gouging will be investigated. excessive profits outlawed. harris will offer taxpayer help to struggling voters, $25,000 for first first-time home buyer ors up to a million people could qualify. the proposal will be outlined in a speech in north carolina. this is the day harris tries to break free of the unpopular bidenomics. trump, meanwhile, held a press conference. he stayed on message. he wants tax cuts, more energy production, rolling back regulations and canceling electric vehicle mandates. he took numerous questions. harris has not sat down for an interview in 26 days. let's get to the markets. stocks this morning, this is shaping up to be the best week this year. big gains thursday. a little pullback today. the dow off 100, nasdaq also off 100. interest rates at relatively low levels. the 0-year yields well under 4%, 3.888 this morn, and the 22-year

just above 4%, 4.0 to4. bitcoin still around a $58,000, 57,8 to be precise. oil's in limbo waiting for the expected fight between israel and iran. $76 a share -- a barrel. gas down one crept, $3.43, diesel down one cent, $3.. 5 -- 3.75. you will not believe the choice of pronouns offered to job applicants of the harris campaign. you can stay mainstream with he, him, she, her, they, them, i got that. but what about who, who? there's more where that came from. i guess kamala is going to stay very woke. friday, august 16th, 2024. "varney & company" is about to given. ♪ ♪ one way or another, i'm gonna find ya. ♪ i'm gonna get ya, get ya, get

ya -- stuart: upbeat music from blondie. look at that. >>s everyone? stuart: where is everybody? they're not at work in the office today, by the looks of it. it's going to be a beautiful day, it is. let's get straight to it. kamala harris will unveil her economic plan this afternoon. she's going to introduce federal price controls, going after what she calls excessive profits. just take a look at this real fast, profit margins in the grocery industry were just 1.6% last year, that is hardly excessive. jason chaffetz joins me. all right, jason, you know a thing or two about this. do price controls work? >> no. they're an absolute disaster, stuart. i mean, she is going after this in a category where margins are traditionally very small. she knows absolutely nothing about the economy. she wouldn't even be on your top 1,000 people to call if you needed economic advice and what to do and how to grow an economy.

and so she's going to lay out -- and think about this, her reaction to how you're going to deal with inflation which i don't even know that she can define is to have government take over. you think we're going to the -- to make the economy better by having the government control what the prices are going to be? this has been a disaster. it's called socialism. it's called communism. and this is where she wants to take us. stuart: she's taking the party much further to the left. this is a new form of populism. >> yes. stuart: it's all politics. i mean, she hopes that she can garner enough votes by going socialist that she can beat trump. i don't think she can. >> i never -- i've been to thousands of political meetings, i've never had anybody stand up and say, you know, i really wish the government would take over the pricing of products in this country. that'll make us a lot better. that, this is -- where did this come from? this is her reaction? she just told us for three and a half years that bidenomics works

and now she wants more control. stuart: okay, next one. listen to what trump had to say about the biden-harris economy. >> of course, the typical household a total of $28,000, these are numbers coming from government, they're not coming from me. kamala's inflation nightmare continues to cost the average american family $1,100 every sickle month. -- single month. again, government numbers. you're paying $148 more a month on food. the cost of a typical monthly mortgage has doubled since i left office, and that number was about three months old from government. and now it's tripled. stuart: jason, his press conference, i watchedded it all the a way through. i'm sure you did too. it was tight, it was disciplined. he answered any and all questions. is his messaging on the economy a winning strategy? >> it is. he has to continue to pound the do difference between his vision

of safety and security, inflation, the economy, what's going on overseas. this is truly a choice election. as long as he continues to draw the contrast and educate the public on where kamala harris' has been, where she wants to take this nation, i think it will scare most people. he doesn't need all the adjectives and name-calling. just show the record, and i think that'll put him on a trajectory to victory. stuart: jason, thanks for being with us, we'll see you again next week, i'm sure. all right, this is what biden had to say about harris trying to distance herself from bidenomics. >> reporter: will bidenomics -- [inaudible] continue under vice president harris? >> [inaudible] the economy's going to continue -- [inaudible] it's working. in case you haven't noticed ors it's working. >> how much does it bother you that vice president harris might soon, for political reasons, start to distance herself from

your economic -- >> she's not going to. stuart tower okay. taylor riggs joins me this morning. all right, taylor, how is harris going to pivot away from the unpopular bidenomics? >> well, she's trying to. i wasn't around a this last three and a half years, i have nothing to do with bidenomics. biden is very much say, no, she's exactly what bidenomics is, and she's going to stick to that message. the white house, kjp she and biden are one team, it is bidenomics. you mentioned price gouging and the construction of new homes, but there is that fundamental difference, right, between a capitalist society, bottom-up, left of free market with some minor regulations work itself out versus the government coming in and dictating why you should be spending, what housing -- giving away more money for homes instead of just creating the root cause of inflation which is all of this spending to bring down the cost of homes that normal americans can afford on their own. there's a stark the difference there between the socialists and capitalists.

stuart: she's always been like this, always on the left from the word go in the white house. she was persuading biden to go further to the left, and now she's surrounded by very left-wing advisers, senator elizabeth warren from massachusetts, bernie sanders from vermont. they're far left. they've influenced this decision. >> it is a new democratic party. stuart: it is. >> it is not the democratic party of the '90s. this is someone who really wants to go left, and they think more government -- you heard what biden said, all the a legislation we passed. a lot of people would say all the legislation we passed is the problem. we need less legislation, lower regulations to let the economy flourish and get government out of the way, but she firmly disagrees with that stance. stuart: it was a republican president, richard nixon, who introduced price controls in 1971. after two years they realized it didn't work. >> caller: doesn't work. stuart: -- he quit. these price controls will not happen unless the democrats run the floor, the house, the senate and the white house.

>> right. stuart: if they don't do that, they can't get this in. >> exactly. you mention mentioned grocery margins at a 1.6% last week, that have the lowist since 20919 when they were 1%. kroger's at 2%. you can't tell them they're price gouging because your spending created all this inflation. stuart: thanks for getting up early this morning, stay with me for the hour, please. we have a programming note, the democrat national convention kicks off on monday in chicago. our show will be there live monday through thursday. "the bottom line" will also be there live, 6 p.m. eastern. and fox business will begin airing full speeches starting at 7 p.m. eastern each night. to the markets, we've got some red ink this morning, but we had a lot of green yesterday. dow's down 90, s&p down 20, nasdaq down 90 points. kenny polcari joins me. kenny, we had a nice rally this week. down so far this morning. are you buying anything today? >> i'm not sure i'm buying

anything today after we had that big rally. this big snapback rally since last week. i actually think that the trend is going to be lower over the next couple of weeks so, look, i'm going to let it pass. i'm going to wait and see how this shuffles out. i think the move-up over the past couple days is great, but i think the fact is that once again we're stretched a little bit. so i'm expect expecting it to come back, and i'll probably be a buyer next week. i expect it to soften a little bit, so i'll wait. stuart: i hope you don't miss out there, kenny. you know, you can do that. >> i'm in anyway. i'm invested. so i'm not going to miss out. it's not like i'm sitting in cash with nothing to do -- [laughter] you know, so i'm not going to be out either way. stuart: okay. you brought a couple of stock picks with you. first of all, bank of america. what's so great about it? >> listen, it's just one of the core banking companies in this country. i think it's underperforming its peers. it's a name that both the firm and i own. i've owned it for a while.

it's a great dividend payer, and i think it's undervalued. stuart: having invested in big tech for a long time, i just can't get excited about a banks which barely movement however, you like next era energy. >> it's a utility company, right? and so if rates start to come down, utility companies will do better. if you look at it on the chart, it has started to do that in anticipation of rates coming down. and, look, it is still 12 below where it was -- 12% -- when they started to raise rates in 2022. the stock took a hit as a did a lot of utility names, but as rates come down, this is coming back up. and this is going to the take it right back up another $7-8 to get it back to that level from where it is. but it's had a nice rally off the bottom. stuart: all right, kenny. you have a wonderful weekend, see you next week. kenny kenny polcari, everyone. trump says he'd lo to have nikki haley out campaigning with him. >> would you consider having

nikki haley on the campaign trail with you? >> sure. i appreciate her advice. i'd love to have her go around and campaign. stuart: all right. will that the help him court women voters? tammy bruce on that in the 10:00 hour. kamala harris unveiling her economic plan today. she wants to give first-tame homeowners $25,000 for a down payment. sounds like vote-buying to me. kevin o'leary takes that on. he's next. ♪ wherever, whenever,. ♪ ♪ at t. rowe price we let curiosity light the way. asking smart questions about opportunities like clean water. and what promising new treatment advances can make a new tomorrow possible. better questions. better outcomes.

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stuart: all right. 15 minutes to the opening bell, just a little bit of red on your screen. dow down 70, nasdaq down 88, but there was a big gain yesterday.

now today, changing tactics here, kamala harris will unveil her economic plan at a rally in north carolina. grady trimble's with us. grady, what do we know about the the plan so far? >> reporter: stu, vice president harris says she's going to go after a companies for price gouging, which you've talked about a, so that's one piece of this. she also says she's got a plan to take on the housing affordability crisis. here's some of what she'll propose if today, a tax incentive for building starter homes. that's for construction companies. a $40 billion fund to spur if housing construction, cutting red tape. stopping wall street investors from bulk buying homes and $25,000 down payment support for first-time homeowners. the overall a goal, her campaign says, is to build 3 million new homes in the next 4 years to bring down the cost to buy or rent one of those homes. of course, a lot of these proposals would require, number one, congressional approval and, number two, more government

spending. as harris' policy platform comes out in drips and drabs, here is what former president trump says he'll do to address the housing crisis. >> we're going to open up tracts of federal land for housing construction, and when we open it up and we take off some of the restrictions and regulations, you know, in california 50%, the cost of a house, is regulations. they have to adhere to regulations that bring the cost of the house up by 50%. we're going to bring back our supply chains to stop costly supply chain disruptions. >> reporter: and one of the major criticisms former president trump has lobbedded at harris at that press conference and in other venues is that she's been in office for three and a half years, so he and other republicans, stu, are asking why hasn't she done more in that time to lower prices? [laughter] stuart: kind of an obvious question, isn't it? grady, thanks very much, indeed. look who's here now on a friday morning, kevin o'leary, the man himself.

great having you on the show. i want to focus on the plan to give first-time hope -- homeowners a $25,000 check. i call that vote buying, what say you? >> yeah, that's probably not going to fly. that's just more free money, and we've gone through a big period of free money associated with bidenomics that caused inflation. so it's very inflationary. i don't -- listen, i think when you're running for president, you've got to throw everything at the wall. you've got to offer everything for free. you've got to tell everybody everything you can. but whether or not these policies get implemented is really what we should be looking at, and the chance of $25,000 for free to a house owner, that's a zero probability of happening. stuart: well -- yeah, okay. does it sell politically? i mean, it doesn't really matter whether it happens or not. it's important that it is proposed and you one votes with it -- win votes with it. that's the objective here, isn't it? >> yes, it is. but i'm a little surprised because this'll be the first taste of policy coming out of harris, and everybody's

expecting her, stuart, to move to the middle because the country's moved to the middle. everybody's expecting her to disavow bidenomics which has become radioactive as a brand because it's associated with inflation. she's got to distance herself from that and come up with her own plan, but this idea of price controls, that's soviet union stuff. it's not showing me that she's moving towards the middle, and i'm a little bit surprised. price controls, bashing corporations, that's a bit of a surprise for a lot of us that are investors. we're waiting for the real policy. we're thinking this isn't it. stuart: the okay. trump and biden delivered very different pictures of the economy during their remarks yesterday. watch this. >> we can't give up. they told me every major piece of legislation we passed would give us the strongest economy in the history and the strong thest economy in the world. we've got more to do for working people. by the way, everybody does better when there's more moon on-- unions. [applause] we're finally getting it done. >> the typical american has seen

a4% pay cut under kamala and biden. since march of 2022, the average middle class household has lost $33,000 in wealth. how about that? $33,000. stuart: all right, kevin, we need some judgment here. in your judgment, who's best for the economy, who's best for the market? >> well, i think the market has spoken. i think a more deregulated environment that trump is proposing and has implemented once in his last mandate is more popular for investors like me. there's no question about it. and in addition, biden is associated with inflation. that's why households have actually lost their met worth in buying power. that's not a debate anymore. bidenomics, you can't sell that so harris won't. so again, we're looking for the middle of the road here. but if you're asking me what i would put my money behind would be a more deregulated environment where i could invest in housing and have it cost less

and opening up tracts of land is not a bad idea. that includes opening up the anwr for oil production which we could use to reduce the national debt. i'm more pro-business. obviously, i support american entrepreneurs, the 5 to 500 employee companies that represent 62 of jobs created in america -- 62%, those are my people. we don't like regulation, high taxes or price controls. stuart: i was surprised by this, jamie dimon has backed the buffett rule, a 30 my 34u78 tax the on -- minimum tax on anyone making more than a million bucks a year. i was surprised at that from dimon. what do you say? [laughter] >> zero probability of having. the fact is that wealthy people in america pay all the a taxes anyways. they're paying about 26% taxes versus people that have less income pay a lot less. when it comes to taxation, this idea of pay your fair share has been always bandied around politically. never gets implemented as

policy. we got issues around tax, and we don't want to raise them right now because we have a very delicate economic situation. and so i would think this will become part of the rhetoric but not if part of the policy. remember, i'm a policy guy. but it's very populist of jamie to say, hey, listen, everybody, let's pay a little bit more when he knows damn well it's nebraska going to happen. [laughter] stuart: well done. kevin, hope to see you soon. kevin o'leary, have a great weekend. check futures, please, it's friday morning. we're heading towards the opening bell. red ink on the screen. we'll be back with the opening bell after this. ♪ ♪ (♪) car, this isn't the way home.

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stuart: all right, three and a half minutes to go before we open the market. just a little bit of red ink, left-hand side of the screen. mark mahaney is with us this morning. you moved some stocks into your top picks list. amazon, for example, you see them going to 225? >> yeah. we bumped up amazon to our top pick. this stock sold off on the last quarter, expectations have, therefore, come down a little bit. some concerns over margins and revenue growth strength and

advertising revenue growth strength, and we think those fears are probably a little bit overstated, misplaced. so, yeah, amazon, one of the highest quality names we cover, and when we get those dislocation understoods, they generally rise in our hit list. stuart: i always think of amazon as a retailer. are they getting a bit of a bump-up because the classic retailers, walmart, a target, they're doing so well? >> well, i think walmart gave us a pretty good data point yesterday. it's not like the u.s. consumer is swimming, but the u.s. consumer is trending pretty well. i'm not sure i get that analogy right, stu, but the read-through from one of the largest retailers, and look at amazon's results as well. they've talked about a softness with the american consumer, but they've been talking about that for a year. the key thing for investors is it's not gotten worse and, in fact, in some markets like europe it's gotten incrementally a little bit better. amazon, a secular benefit to it. and they've got this wonderful accelerated delivery mechanism

which is just unlocking more spend. it's causing more people to shop on amazon for household essentials that they wouldn't have thought about about before because now they can get product ifs in 5-hour window, next day, overnight, etc. so, yeah, we continue to like amazon as one of the leaders, probably the leader in retail. stuart: you've got another delivery company, doordash. you say them going to $1505 -- 15 a 5. make your -- 155. make your case. >> yeah. we upgraded this too. there's been concerns over whether the consumer would hold up with doordash too, but we're not seeing signs of softness. this may be a behavioral change, stu. over the last five years, people have become accustomed to getting things delivered. it's not just an extra expense. i mean, it's a trade-off a for a lot of people. busy families, they get something delivered rather than having to cook or drive out to eat or drive out to pick up. there's kind of a macro trend of

convenience, if you will, and door carb is a great play off of that -- doordash. a really high execution company. i've been thoroughly impressed by their ability to do this from the beginning, and nicely positive free cash flow. we think there's an ability for the stock to go hire just putting a 25 the multiple on their free cash flow. we like doordash. stuart: 30 seconds to tell me why you like mag night and why you think it's going to 15. >> advertising revenue seems to be holding up well, and we've just had one event in this quarter, the olympics, which actually went extraordinarily well in terms of viewership. and we think ad revenue, and then you have not a political cycle. and, you know, i'm no forecaster on that, but i am a forecaster that there's going to be a lot of competitive intensity when it comes to ad spend. stuart: i think you've got that absolutely right. big spenders, sides. mark, thanks for joining us. see you later. the market has just opened, the gentleman in uniform just pressed the button.

the dow is down 47 points in the very early going, .12%, virtually no change. the dow 30, more winners than losers, more green than red. the s&p 500 also a opening slightly lower. the percentage though is virtually zero. you're down -- no, quarter percent, down .28 on the s&p. how about the nasdaq? that's down as well, .44, 76 points. let's have a look at big tech. from top to bottom, alphabet is a winner, microsoft, apple, amazon, meta, all of hose four opening lower -- those four opening lore this friday morning. staying on big tech, taylor's with me still. is big tech at the very, very center of the recent rally? >> you know, i think long term dan ives in his note this morning would say, yes, it is. he thinks this big pullback really positioned be big tech and a.i. plays in particular to rally into the end of the year. nvidia, obvious, coming up on august 28th, saying that is

going to be a big moment, and he feels big tech right now is in the 91985 era, not 1999. so he thinks long term this is a good move. stuart: nvidia is august the 28th? >> yep. it's a wednesday. stuart: crypto plays, their all a up. why is that? >> we did get a disclosure from the if former president, donald trump, that he owns a million dollars in etherium, not bitcoin. you get this overall risk-on rally when someone comes out who originally wasn't for it and now they are. that disclosure, i think, helping boost sentiment. stuart: i have a little etherium myself. >> ditto. stuart: the retailers were up big yesterday. they're mostly down today the. >> healthyback. kenny poll carry said this is totally normal -- kenny if poll carry. 24 hours after we got earnings from walmart, all the analysts can really digest. one analyst this morning said walmart just continues to crush it not only with value, but with

convenience with all the e-commerce that we're doing on walmart. that is a winning combination. target earnings are out next wednesday. he thinks within general merchandise it's a zero sum game. if walmart wins, target loses, so we really need to hear from target to see how they do. stuart: who else have we got? texas instruments. are they getting money from the chips act? do we know how much in. >> 4.6 billion. it's a lot of money, 1.6 in direct investment,3.6 billion in loans, up to that. overall tax credits, three new plants that they want to build in texas and utah. let's hope the money goes to good use. stuart: intel got a ton of government money, didn't do much good. >> exactly. is it wasteful? is it real? that's what we need to see. stuart: kroger, i'm told they're going to lower prices just as the biden-harris people want them to. >> imagine that, right? by about a billion dollars and that's more than the $5000 million they promised nod in

order to get the deal done with albertson's that has been put on the, back burner because of the antitrust concerns in this convenient. so they're coming out and saying, look, we'll lower prices by a billion dollars to try to make sure to really appeal to the antitrust regulators they are, indeed, not going to use this merger to raise prices. stuart: retirees like a good dividend, so i wonder if they'll buy into winnebago? i believe they've just raised their dividend. [laughter] >> they have, by 10%. so now up to 34 cents up from 31 cents. like you said, it's the an ev -- rv, i'm sorry, not the ev, the rv -- [laughter] camper. people love to just go out and travel, and this is good because back in june they had some weakness in earn, so it's always nice to raise your dividend. stuart: can you show me estee lauder, please? they're down, not that much. they've the got a problem many china? >> they do. bank of america downgrading them because of big weakness in china.

we've been hearing these rumblings about a china consumer that's starting to pull back. bank of america also highlighting a u.s. consumer a little bit under pressure as well, so overall just the demand environment that's concerning. stuart: okay. we've heard a lot about the covid-flu combination if vaccine. i believe pfizer and bone tech have such a thing -- biontech have such a thing. is that true? >> they do. all in one shot. get excited, i know. they said they passed one of two objectives in a phase three trial, one was making sure there was a robust immune response to covid. they got that. but they failed the other one because they also wanted to show a robust immune response to flu a and flu b. they only got it with a, they missed it on b, so they're going back to the drawing board. stuart wait million we get an outbreak of monkeypox. >> it's now called america-pox.

-- m-pox. stuart: the dow winners, topping the list we have on board right now cisco systems, up again. boeing, nike, home depot, jpmorgan. here are the s&p 500 winners' list. epam systems, illumina, moderna, bath and body works, fox corporation. move on to the nasdaq composite. the winners, pinduoduo, cisco and warner brothers-discovery. here's a very important number. the yield on the 10-year treasury moving further below 4 p, that's kind of a positive, you're at 3.89 on the 10-year. the price of gold retreating -- no, it's t not. it's back well over $2, 500 an ounce. bitcoin still 57, 58 -- thousan. the price of oil, i call it in limbo. it kind of is, $76 a barrel. nat gas around $22, 2.17. the average price for a gallon of regular, $3.43, it's down one

cent. in california it is $4.60 a gallon. coming up, donald trump describing america's dim future if kamala harris wins the presidency. >> she wants to end detention of illegal alien migrants. she enforced defunding -- evens doered defund -- endorsed defunding the police, and the do only thing she can deliver is the death of the american dream. stuart: all right. is trump the candidate who can keep the american dream alive? more on that coming up. gen-z voters are starting to enter the real world, and heir not impressed with the -- they're not impressed with the state of the economy. we were trying to get someone to speak there, and we couldn't get them. harris appears to be trying to buy the vote of the younger generalling ration. tomi lahren will sound off on that. and trump was found guilty in his new york city hush money case. she's looking to delay his september 19th sentencing until after the election. is there any possibility trump will go to prison in matthew

whitaker on that next. ♪ ♪ ♪ oh in a harbor, there was a port ♪ ♪ the busiest port, that you ever did see ♪ ♪ now the boats move the goods ♪ ♪ good jobs for the people ♪ ♪ the people build the city ♪ ♪ and the city comes to life ♪ ♪ and the life has a rhythm ♪ ♪ and rhythm has a home... ♪ jpmorganchase invests in infrastructure to help create more jobs here at home. ♪ make the green grass grow all around all around ♪ ♪ make the green grass grow all around ♪ ♪

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stuart: eleven minutes into the trading session, not much red ink after yesterday's green surgery. the dow is down 50, the nasdaq's down 23. donald trump wants to clay his sentencing -- delay his sentencing in the new york criminal case until after the election. it's currently set for september 18th. former acting attorney general matthew whitaker with me now. i simply can't believe that a leading presidential candidate will be sentenced to prison six weeks before the election. say it's not going to happen. >> well, stuart, it's good to be with you, and i think one of the things that's sort of thrown a wrench into all of these cases which, you know, the correct supreme court opinion that we recently saw on presidential immunity. i know that judge merchan up in new york has struggled with

that, suggesting that somehow he should proceed now with sentencing after, you know, that really landmark case came down from the supreme court. i don't know if he'll grant that, but i would be, boy, i continue to be very surprised if the sentencing goes forward that he would sentence, you know, leading candidate, most likely next president of the united states to prison in that case. stuart: but you never know new york, do you? >> no. stuart: new york seems like it's got it in for donald trump. that seems to be the way it is. you also say some of the other legal cases against trump, the election interference, the documents case, you say they're falling apart? how so? >> yeah. i think, first of all, you look at, for example, fulton county. that's that's going to go to the court of appeals in georgia in october, and i think, ultimately, based on what the judge did in the trial court level that the appeals court is going to have no problem, you know, not only kicking the entire office of frank ifny

willis including herself and nathan wade who already got kicked off the case and reassigning that,s ultimately. so i think that case is probably going nowhere, you know? as you know or judge cannon dismissed the florida case because of the appointments clause to the constitution. that's going to wind its way through the 1 1 11 -- 11th circuit and ultimately land in the supreme court but certainly not until after the election and, you know, jack myth's case in washington, d.c. is, i think, the most interesting case. but based on the fisher case on the interference with official acts which defined that statute to most likely kick two of the four charges against donald trump plus the presidential immunity case from the supreme court that i just mentioned, i think that makes that case very difficult to move forward anytime soon. stuart: going forward with other administrations in the future, do you think any of them will try this kind of lawfare tactic against a political opponent? because it seems to me that lawfare has a failed. and it's actually brought the

whole legal process into some disrepute. >> yeah, i think it has done tremendous damage not only to our courts, but especially the department of justice and prosecutors in major cities, you know? we have to get back to a system of the equal application of the law and our constitutional a principles that make this country so great. and i think anytime that there is a bias expressed by a prosecutor or someone trying to put their thumb on the scale or use the instruments of justice to accomplish their political means, that's where, you know, it's exceptionally dangerous. our founding fathers warned about this and, you know, this is where we find ourself. but, you know, donald trump has fought through all of these charges. he's got very able lawyers that have also guided this strategy and, obviously, it's all about november now, and the american people where it should be instead of courts of law and juries. stuart: let us vote, please. matthew whitaker, thanks for

joining us. the secret service has a new security plan for trump's outdoor rallies. what is it? >> bulletproof glass around the podium for outdoor rallies. no changes for indoor rallies, but i have to say this is a big ultimate improvement -- improvement. originally, the secret service said, well, stop holding outdoor rallies. they're going to start the bullet bulletproof glass, see if that helps after a, obvious, the horrible assassination attempt. stuart: got it. thank you, taylor. now this, coming up, today kamala harris lurches to the left. she's bringing in a new wave of pop if limb, price controls, punishment for businesses that don't tow the line. it doesn't matter that it doesn't work economically. that's my take, top of the hour. radio host charlemagne the gold calling out democrats' hypocrisy over the migrant crisis. >> you told the 'em to come in. we not gonna let none of the democrats off the hook who were saying they had sanctuary

cities, and they were saying come on in, come on in, come on in. stuart: chris oliveras is going to be here to react. we'll be back. ♪ ♪ won't you come on, come on down, sweet virginia. ♪ choose advil liqui-gels for faster, stronger and longer-lasting relief than tylenol rapid release gels. because advil targets pain at the source of inflammation. so for faster pain relief, advil the pain away.

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stuart: oh, look at nvidia this morning, $123 a share. let's bring in angelo zien know who follows nvidia. you've got a price target of $139 for nvidia. but, angelo, doesn't all that depend on a good performance from the if company when it releases its finances august 28th. >> yeah. i mean, i'd say to an extent, yes. i think right now if all eyes, if you're a tech investor, is definitely on august 28th not only if you're an nvidia with investors or but also if you're across the supply chain or looking at a some of these cloud players out there. nvidia's really kind of been the heart of this rally over the last year and a half, you know, across the tech space. we do expect. results on august 28th to be good despite the fact that they're kind of next generation chip in terms of blackwell,s looks like it is going to be delayed by a couple of months.

it's still going to launch by the the end of this calendar year, and the amount of demand for their existing chippings right now are so strong the we don't think it necessarily matters. but that said, it could potentially limit the upside potential in terms of consensus estimates as we get into those numbers on the 28th. stuart: but you think it'll hit 139 within 12 months, right? 139. >> that is our 122-month target price, and -- 12-month target price, and we do see upside to those numbers in the first half of 2025 as that blackwell chip launches because we think it's going to allow them to take share within that data center space. stuart: tell me about microsoft. i have a thin sliver. it's at $418, and you think it's going to $490. make your case for that. >> yeah. so real quick on microsoft, it did get hit this past earnings season, and a big reason was because of some of the disappointment on the cloud numbers. that said, there is going to be some deceleration or range-bound motion in the second half of

this year but, again, as some of those new blackwell chips kind of launch into microsoft's ecosystem in the first half of calendar 2025 and they, you know, we do think they're going to see an acceleration on that side of things, and we do think, you know, across their entire platform whether it be not only on the cloud side of things, but, you know, across office 365 and even on the gaming side of things we do see, you know, them allowing, you know, double-digit growth here over the next the 2-3 years, so we like the name a lot not to mention the margin profile of this company, allowing that free cash flow growth to continue to allow them to aggressively invest. stuart: the last one is a amd, advanced micro devices. it's now at 1488. you think it's going to 180 towithin the next 12 months. it's now at 148. make your case on that. >> yeah. it's a little bit more of a speculative play, but we do believe there is a second alternative that is needed in the gpu landscape and, again, that is going to be a a md we

think. you know, they're not going to be able to kind of see some of those numbers that a we're seeing out of nvidia, actually nowhere close, but that said, you know, their cpu business is starting to improve. you've got intel which is now really struggling, we think partly at the expense and to the gain of a a md here. -- amd here. and overall we do like the momentum the that we think you're going to see in terms of their gpu business going into 2025. we think it's going to be a big growth year compared to 2024, and that's going to allow their growth from a total revenue perspective to start to accelerate over the next 2-3 quarters. stuart: just remember, angelo, you're on videotape telling me that microsoft is going to $490 when currently it's the at $418. i'm going to hold you to it, okay? you'll be back frequently to justify it. >> sounds good. stuart: you're all right. see you later. have a good weekend. taylor's still with us, hanging on here. that's pretty good. >> i'm still here. [laughter] stuart: i want to know what's

this about electricity price -- costs, i should say, summering? >> yeah. so remember, we just got the cpi numbers this week, up 4.9% year-over-year in july, more than the 2.9% overall a, right? so really increasing at an increasing rate. since 2018 electricity costs that you and i are all paying are up 22% in just the last 6 years. it gets interesting here. ferc is saying really it's all about transmission costs, and they've been building out lines and doing more on monopoly rather than doing competitive bidding, so that's creating a lot of increased costs. i will say quickly, my favorite proposal from california is to charge your electricity prices based on income, not consumption. can you imagine? so i'll hold that -- aisle leave that for you. stuart: still con valley is higy paid. taylor, thanks for joining us. let's have a look at the dow winners, cisco at the top. verizon, jpmorgan chase, boeing,

nike all on the winners' list. s&p 500 winners, bath and body works, ulta beauty, fox corporation, tapestry and tesla's on the list at 218. nasdaq winners topped by tesla, 218, that's up 1.8%. warner brothers-discovery, pinduoduo, illumina, walgreens boots alliance. got that. florida congressman byron donalds is going to be here to discuss kamala harris' economic plan including those price controls. a peruvian gang leader wanted for 23 murders in his country arrested in new york. we'll have details on that. former army combat pilot amber smith here with details on the deepening relationship between russia and iran. that can't be good. tomi lahren is here. again gen-z folks are not happy with the biden-harris economy. the 10:00 hour is next. ♪ ♪ one last time -- the one who takes you home ♪

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