car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com the one vaccine easy one. goodbye to you, goodbye to the president, goodbye, joe biden. the president is in california on vacation. it is 10:00 eastern. this is the day after the rally yesterday, dow is down 40, the s&p is up one 12:45%. 10 year treasury yields on the downside, 3.84%. oil, not much action despite middle east tension, $75 a

barrel. bitcoin almost at 61,000. that a look at the markets and now this. he spoke for 52 minutes. his speech went way past midnight. he teared up. he said i gave my best. the crowd chanted thank you, joe, and then he was gone. the wall street journal commented today he was poor unwanted joe biden. the party doesn't -- he's on a 2-week vacation in california, out of sight and out of mind. they don't want to know. this is politics. in politics you got to win. now it is all harris and tim walz, all about image. spare the policy answer don't to do serious interviews because of that could destroy the image they are trying to build. democrats have to wonder if it will be enough. will hating trump carry kamala harris over the finish line, she's not a great campaigner,

she has a highly skilled team of handlers have a compliant media. heaven forbid the real kamala harris and her policies are revealed in full. barring catastrophe at the end of this week, harris will be riding a sea of emotion a cv motion. she will probably get a pump in the polls but next week the ball will be an trump's court. he has to stay on message. that message is harris is all government all the time and that is not what america is all about. second hour of varney just getting started. mark t is with me. biden pushed out of prime time. i think it was deliberate. what say you? >> the final indignity. if he was the nominee they would have had a cast of second rate speakers push them out of

prime time. the reason he is unwanted is the voters didn't want him. last thing they want is for him to stand up in prime time and say kamala harris is the continuation of the biden/harris administration's policies for four more years. stuart: you've got a new op-ed out and you say there are two data points to explain why voters dislike the biden/harris economy. >> reporter: biden and harris's watch americans have gone from the highest rate of personal savings in recorded history to the highest level of debt. when biden and harris in their first year came in americans were sitting on 2. one trillion in excess savings above the normal savings rate they would have expected and biden and harris unleash the worst in with elation in four decades with the american rescue plan which he cast the deciding vote on and american started spending at a clip of $70 billion a month until march

of this year when they depleted the excess savings and started going below normal savings rate. at the same time they became the highest debt in american history, $17.8 trillion, 3.15 more debt under biden/harris, highest level of credit card debt ever, 1.4, trillion dollars, average american 6,022 million in credit card debt which is $1500 more than when biden harris came in, 60% of americans using payday loans, credit card debt, to pay for groceries. stuart: how does they are esteemed get out of this? >> they don't. this is why the bidenomics line didn't work. one thing i learned as a presidential speechwriter, when you were saying things that don't comport with the lived reality of americans not only do they tune you out but they will be hostile to you.

when they say president biden talked about we turn to the economy around, things are getting better and people are saying have you seen my credit card bill and because of high interest rates they are paying the highest interest in 23 years. the debt is compounding, they can't pay off their credit cards and president biden is saying you are doing great, don't believe your lying pocketbooks. stuart: the media is giddy about harris, they don't care they are not talking about policy, they aren't covering that. is this a new basement strategy? >> it is and she wants, president biden had to do it for two years. stuart: can she really avoid media interviews or press briefing of some sort? >> of course she can. she is the least examined presidential candidate on the verge of winning the presidency in our lifetime, didn't go for primary, didn't have democrats

call her on her record, hasn't done a single town hall with voters, hasn't given a single major interview, hasn't done a press conference. all of this is a sugar high, these polls. it's because she's a young vigorous person who's not joe biden. as soon as the rubber starts hitting the road the polls are going to go down. she's trying to avoid the rubber hitting the road. get elected on the sugar high, ride it out for a few more weeks. stuart: someone in the establishment media say he can't do this. >> they are starting to. even on one of our rival networks, the most compliant in the world started questioning her on that but she doesn't care. you won't do it. stuart: that's good moves. somebody is beginning to think you've got to do something. the founder of the harris superpackage warning democrats about the harris honeymoon. what are they saying?

lauren: the founder of future forward, the packet raised hundreds of millions of dollars for harris says be careful about those national polls that show harris is either up or closing the gap with trump saying, quote, our numbers are much less rosy than what you are seeing in the public. he says voters still want more information from harris especially in swing states. he isolates pennsylvania, north carolina and georgia, she has got to win one of those three to become the next president. stuart: thanks very much. listen to what kamala's secretary said about kamala harris's economic agenda. >> i inherited one of the worst economies in the country. we turned around. with a pro-business, pro-worker agenda.

kamala harris has that same agenda. she knows we need an economy where the cost alone, and opportunities abound. stuart: we need charles payne. we've got charles payne. have added. charles: the harris team using all the words that resonate, historically have resonated for republicans and conservatives, trying to use freedom and liberty, pro-business, we know kamala harris doesn't see business and workers on the same page. if you believe in capitalism you believe both coexist and can prosper. that's not what she believes in. she believes it is either or and you have to break down the corporation and distribute whatever might have been profits to everyone else. here is the reality.

they inherited an economy that saw the shortest recession in history. they inherited an economy where the household debt servicing payments to household income was the lowest in history. they created this situation where everyone is mired in, everyone is suffering from except the top 20% because they own assets the do well on higher interest rates but everyone is suffering big time and i've got to tell you if you listen closely to the last few days to all the folks, the labor data we start seeing is absolutely horrific, i'm going to give you one item that is not going to be reported anywhere else. the philadelphia fed hosted their nonmanufacturing survey this morning. the overall decline of full-time employment fell ten points-14.9, the second consecutive negative reading, the lowest reading since may 2020.

and and people are hurting in the labor market. stuart: stuart: harris goes to price control, is that a deflection? stuart: we were growing organically. we came out of the recession quickly. we had a vaccine. america was ready to take on and that's what we are doing. this is a gimmick, this notion of printing money, creating winners and losers. we've seen it before. how do we get college tuition to where it is now? president obama did the same thing, push out the free market, push out the middleman. it is awful. one thing you give democrats credit for, they are amazing when it comes to messaging. i can tell you people are

really feeling pain and it will be a lot more acute between now and november. stuart: the markets, stock market does not seem to care about the problems of a harris presidency. charles: goldman said it would be a 4-week rally. they are looking for a big move, a big pool down, big draw down on the markets on the bank of japan and the people, there's a 24% chance according to most of the betting markets of a sweep. wall street knows if harris doesn't get a sweep the more onerous part of her agenda won't go through. we are at $25 trillion economy which means a lot of companies will win no matter who is president. wall street has its own agenda. main street should be paying attention to what is happening to their wallets and pocketbooks. stuart: you are a good man, charles payne, thanks for the words of this morning, see you later.

putting a end to the dei policies after back lash from their customers. what were customers saying? lauren: harley-davidson is a milwaukee company, their ceo is german, came in during covid. this critic says that ceo is pushing european elitist values, and harley's backtracking comes too little too late. >> we put a statement weeks ago, it would be enough to make customers go you understand you fell out of alignment with us and get back on track but it is not enough now. i might be happy with them dropping awoke policies and you might be happy with it but a lot of their bikers are not going to be satisfied with this. this man is responsible. they should not have been silent for weeks. they should have nipped this in the bud in the beginning.

charles: they ended their policies in april, there are no longer any hiring quotas, no supplier mandates certain parts come from certain companies headed by certain types of people. they say that is all over but the damage might have been done. many bikers say wish you just made bikes and stop with the other stuff for instance in pennsylvania, they put on a gay pride event but had games for children there. stuart: they've made the turn around and that is important for american business. coming up, nancy pelosi was asked if there was any bad blood between her and biden since he dropped out of the race. former speaker admitted she was not concerned about the president. she was concerned about his campaign. democrats push president biden out of prime time. he gave a tearful farewell. biden didn't take the stage until after 11:00 eastern. newt gingrich on the democrats sidelining biden next.

♪ ♪ did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com

stuart: opening-night of the democrat convention in the books, president biden didn't take the stage until 11:30 eastern time at night. jackie, take us through it. jackie: democrats push them out of prime time after pushing them out of the race entirely. reportedly did not go over well with his allies. according to actio say longtime

biden aide texted a reporter this is awful. he literally set up the campaign and handed it over to the. do they have to cut him out of prime time. this is the only night of the convention that was all about joe biden. everything he took to that stage would have been his. he didn't get a reception like this in 2,020 because of the pandemic. he accepted the nomination in a parking lot. his inauguration was empty. he took to the podium after wiping a tear from his eye with his back half turned to the crowd and made a considerable effort to credit his vp for his successes as he handed the baton to her and took off before obama shows up tonight. harris is staying away from that too. we are following her where she will rally with tim walz, where the rnc was held last month but democrats who pushed biden to end his campaign had to face up to what they did. nancy pelosi claim clean about

her reading in an interview afterwards, she was in the front row last night. he hasn't spoken to her since he dropped out and still believes he could have won. >> president biden: they moved senate seats or house seats, that would have been the topic to cover. it wasn't worth it. go back and look at the numbers, we were not that far behind. >> reporter: the democrats are undeniably more energized with a new nominee. there were some tears in the crowd but not many. a few who were protesting the war in gaza turned their backs to the president while he was speaking but overall democrats feel assured of their path in november. stuart: i want to push why kamala harris will not be in this place tonight when barack obama speaks. >> based on where she's going to be in the timing we have seen it would be near impossible for her to make it here tonight.

if biden has something to do with the beef between obama and biden we don't know. stuart: they don't want harris to be the candidate. >> biden didn't want to be here to greet the man i think has been well reported to be responsible for his exit. stuart: thanks for staying all night. kamala harris kicked off the dnc by thinking president biden briefly but watch this. >> they want to kick us off by celebrating our incredible president, joe biden. [cheers and applause] >> who will be speaking later tonight. thank you for your historic leadership, for your lifetime of service to our nation, and for all you will continue to do, we are forever grateful to you. [cheers and applause] >> thank you, joe.

stuart: look who is here. newt gingrich. the democrats essentially pushed biden out of prime time. he is out of sight and out of mind and they don't want to hear from him again. do i have that right? >> of course. almost like shakespeare, first you put a knife in his back, steal the baton from him and allow him to come out and after 11:00 at night eastern time and you wave goodbye as he goes directly from the convention to the airport to california to be out of sight. he didn't pass the baton, the baton was stolen from him and the party bigwigs gave it to harris, never a single primary, never gotten a single vote from the people but the bosses made her the nominee so see how the

rest of the week goes. it is a little odd. i have to think she will show up tonight at some point for obama. obama is the most successful democratic president in public opinion in recent times and would be pretty dumb for her not to in some way be affiliated with him particularly, the two people most responsible for getting biden out of the way so she ought to owe him something. stuart: she has admitted it. is what nancy pelosi said about the push to oust biden. >> nobody wants to have a fight with nancy pelosi at this time. it does seem like there is residual bladder -- bad blood, what your response is to that? >> what i have to do. he made the decision for the country.

my concern was not about the president. it was about his campaign. he has seen the exuberance, the excitement that has come forward in our country. >> reporter: no one is questioning the democratic party seems much better positioned now. >> why have we been talking about it? >> reporter: they are holding my -- they are holding my hostage. stuart: that was extra ordinary. said the quiet part out loud. it was a coup. >> she is just honest, biden finally realized they were going to destroy him. the current story is there were 20 senators about to send them a letter as a group demanding he get off the ticket. he was in a no-win situation. pelosi is very tough. so is obama. the difference is pelosi is

tough out in the open, obama smiles when he is ruthless behind the scenes. the two of them basically defeated the person who got one hundred% or 98% of all the delegates. just knocked him out. then appointed the person they wanted without ever having any kind of public consultation. now you have the harris tim walz ticket which i believe is the most big government socialist ticket in american history far to the left of bernie sanders and as that becomes obvious, there's going to melt away and lose by a surprising margin. stuart: we shall see. always original. thank you for joining us. thank you. i would like to remind everyone our show is live throughout the democrat convention. the bottom line is also here live beginning each night at 6 p.m. eastern. fox business will air full speeches starting at 7:00 pm eastern each night.

still ahead, a dozen power outages on one of the busiest ports in the country raising concerns how the democrats groom push could make matters worse. max gordon has that story coming up. kamala harris touted herself as a climate crusader who wanted to ban fracking. what happens? energy supplies if you kill fracking. we will ask the ceo of the american petroleum institute next. ♪ ♪

before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. let's create ai that begins with trust, with watsonx governance. ibm. let's create. ♪

in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there.

stuart: an hour of business a little bit of red ink, the dow is off 20 him nasdaq off 46. take a look at the movers. please start with boeing. lauren: it is down 3. 5%. another headache. the faa now requiring inspection of their dream line is, 787 planes after five reports of issues with the

captains chairs. there was an issue with the captain's seat, disconnected the autopilot and caused a midair drive on a recent flight where 50 people were injured. here you have it. another inspection. netflix -- stuart: i'm interrupting you. go ahead to netflix. lauren: stock hit $711, all-time high, moments ago, up 2%. call it advertisers, they pitched the fall lineup and they have deals with all the independent advertising agencies for hit shows like love in blind, squid games and the highly anticipated life events coming up like the christmas day nfl games. stuart: estée lauder cosmetic people. lauren: down big yesterday, down 5% right now. they are getting a new ceo, stocks lost a third of the value this year, chinese

customer particularly under pressure and i counted nine cutting their price targets this morning. stuart: that down sharply. thanks. the port of los angeles has a power problem. the of seen a dozen outages in 2024. max gordon is there. how will they fix the problem? >> reporter: the reasons varied from birds flying into powerlines, fluctuations and voltage, brief outage can bring one of these planes to a screeching halt and the fix will likely take a big investment in infrastructure. likely these outages have been isolated, affecting one or 2 pieces of equipped at a time but a brief power surge has the ability to knock areas off-line for hours. the region los angeles and long beach attempting to get a 0 emissions by 2030, they are right next to each other and

using equipment that relies on electricity, cranes, and electric tractors. the port of los angeles, and from california edison. experts say they outages haven't led the major disruptions yet, it's a warning better infrastructure is needed before relying solely on electric power. >> a canary in the coal mine type of situation, we are getting a glimpse at the future if you underresource our ability to have access to the quality of power we need. >> reporter: the ports of los angeles and long beach recorded one of the busiest import months ever back in july. the port of los angeles working

with the department of water and power to improve infrastructure, it will likely come at a cost. stuart: they might improve the supply of electricity. max gordon. mike summers is with us, ceo of the american petroleum institute. i want to talk about fracking. i don't know if you believe her or not. >> banning fracking is banning oil and gas in the united states. we frak 98% of the wells in the united states. this would be a complete and utter ban, and when she gives her speech thursday night, is clear about where she is on energy development and make sure we continue to have the energy supply america needs.

she's not going to say i'm going to ban fracking. >> she needs to present a conference of energy plan. we have some suggestions which at api we developed a 5 point energy plan to secure energy leadership and energy security in the future. stuart: is it time to reverse the green push? doesn't seem to be working real well. parts of it are already in reverse. is a time to end it? you know the democrats won't do this but trump would. >> we are going to need all energy sources to power our future. in the next ten years energy demand is going to increase by 50%. we are real that energy come from? it will require a lot of oil, a lot of natural gas and we will need wind and solar on the grid as well. one thing we can't do is do this fast transition that vice president harris and president biden have been pushing. we need to make sure we have lots of secure power on the grid as well.

stuart: you said america has 400 years worth of supply of natural gas under our territory. we could supply the world with natural gas. >> 400 years of supply. to produce natural gas and bringing it forward in the united states and other countries as well. and natural gas facilities, that's incredibly damaging. >> we just commissioned a poll in pennsylvania and one thing pennsylvania voters say is they support american oil and gas development, and they need to say how important pennsylvania is.

stuart: mike summers, thank you. >> i want the supreme court to stop biden rule on emissions. what's going on here? ashley: under the new biden rules, emissions from power plants will be subject to strict controls to limit toxic substances such as lead and arsenic by 60% but some call plants losing mercury controls by 70. as you say, 23 republican-led states and two call companies asking the supreme court stop these pollution rules immediately. the states argue that could lead to power grid failures if call plants decide to shut down in response. if that doesn't happen, energy prices are going to go through the roof. the epa claims the rules are needed to protect public health.

stuart: donald trump says he would at elon musk to a role in his cabinet, trump considering ending the tax credit for evs. is that a contradiction? delegates will pass a symbolic vote to nominate kamala harris again today. there could be a protest on the convention floor. they are representing voters who may be pro-hamas after this. ♪ ♪ ♪

rsv can severely affect the lungs and lower airways. but i'm protected with arexvy. arexvy is a vaccine used to prevent lower respiratory disease from rsv in people 60 years and older. rsv can be serious for those over 60, including those with asthma, diabetes, copd and certain other conditions. but i'm protected. arexvy is proven to be over 82% effective in preventing lower

respiratory disease from rsv and over 94% effective in those with these health conditions. (♪) arexvy does not protect everyone and is not for those with severe allergic reactions to its ingredients. those with weakened immune systems may have a lower response to the vaccine. the most common side effects are injection site pain, fatigue, muscle pain, headache, and joint pain. arexvy is number one in rsv vaccine shots. rsv? make it arexvy.

new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. stuart: at this moment

following yesterday's big gain, dollars off 30 but the nasdaq is down 100 points. big tech a mixed picture mostly lower. alphabet, microsoft, apple up, amazon, nvidia slightly lower. nvidia is down 2. 9%. delegates gather on the convention floor casting there symbolic vote to nominate kamala harris for president again. richardson is with me. will there be any protests on the convention floor? >> we will have delegates who are uncommitted and those are protests against president biden's policy when it comes to israel. vice president harris, they are on the official democratic ticket. out of the 4000 or so democratic delegates, 30 are uncommitted, the resulting protest votes against the support of israel, they want concessions from harris, a call

for an immediate cease-fire, arms embargo against israel and they say their influence reaches beyond these delegates. >> uncommitted votes represent 800,000 people nationally in kiesling states that are the difference between winning and losing for democrats in november. the movement is big. >> reporter: there are thousands of pro-palestinian demonstrators who march last evening ahead of president biden's speech, there are plans for protests for vice president harris's address thursday in his very late evening speech to the convention. biden says his administration is working around the clock on a cease-fire in gaza but acknowledged protesters outside. >> president biden: protesters out in the street have a point. a lot of innocent people are being killed. on both sides. >> reporter: harris's team opposes an arms embargo and ensures israel can defend

itself against iran and its proxies. money protest votes against the biden administration, states with large arab-american populations like michigan, minnesota, part of the blue wall harris has to win if she's taking this election. stuart: we will see what happens. donald trump said he would offer elon musk a role in his administration if he wins in november. any idea the position that might be offered? commerce secretary perhaps? ashley: there has been no specified cabinet position mentioned, trump could put musk in an advisory role in his administration maybe on technology, trump told reuters he would tap musk for such a position if he would do this but he would also consider getting rid of the $7500 tax credit for certain electric vehicles which could put a big dent in tesla's business. musk endorsed trump in july

after the former president survived the assassination attempt. musk's pro trump super pac is hiring canvases in north carolina, a sign there are concerns of trump's flipping support in a traditionally republican from the state. the pack is hiring for positions in detroit and east lansing, michigan which as we know has been the most competitive states in recent presidential cycles. stuart: that it has. still had, first lady jill biden insisted it was president biden's decision to drop out of the race despite report saying powerful democrats staged a coup against the president. new york governor kathy hochul bragged about her state convicting donald trump calling him a fraud and a felon. what happened to lowering the political temperature. brian kilmeade next. ♪

♪ ♪ y 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.

stuart: there's some red ink, dollars off 30, nasdaq down 73 points. let me show you the dow stock winners, walmart tops the list, it is up one%, mcdonald's back in there again up $2.42. unitedhealth, procter & gamble, now i want to show you some big winners. eli lilly for example. there is a new study showing their weight loss drug cuts the risk of diabetes. eli lilly up $33, 3.5%. huge again. look at palo alto network, strong demand for cybersecurity up 6. 7%, up %, up $23, $3.66. coming up on 10:51. that means time for brian kilmeade to miraculously appear on the right-hand side of the screen and there he is. listen to what jill biden said about biden's decision to drop out of the race. role it.

>> when i saw him dig deep into his soul and decide to no longer seek reelection and endorse kamala harris with faith and conviction, joe knows that the nation's strength doesn't come from intimidation or cruelty. it comes from small acts of kindness that healed deep wounds from service to the communities that make us who we are, from love of our country that shines with promise and renewal. stuart: the first lady insists it was joe's decision. what do you think? >> no one is telling the truth, nancy pelosi is not standing the -- barack obama is not telling the truth when he put out that tweet that saluted joe and his life of service, he was behind it, nobody is telling

the truth, hillary clinton, the bidens are resentful of her for getting the not in 2016 from obama and losing it. michelle obama is upset because of the way the bidens treated bo biden's widow. she was pushed out of the entire family because of the affair she had with hundred. no one is telling the truth. president biden, if he was so happy, why wasn't he had bill clinton's party. they had a birthday party for him, why is he not doing some fundraising or appearances, doing smaller venues and background states? he is going on vacation because if you don't use your vacation days up you will lose them. he's going to go ahead and do that and leave the state rather than go. nancy pelosi acted like we have a big tribute to joe, that he belongs in mount rushmore. i had to do what i had to do for the children. nancy pelosi done anything for

the children, she does everything for her and her party. when he talks about how high and mighty and moral president biden is he attacked pretty good last night this guy named donald trump, called him a liar, made up the story that he is calling for bloodbath if he loses the election when it was an economic term used on your channel all day and night which what about the fact that he said dictator, he will be a dictator if he wins, that was a throwaway line to make a town hall laugh, don't tell me he's above name-calling. stuart: a lot of bad blood in this party, they don't want it to surface and the nomination of kamala harris. you are a new yorker. new york governor kathy hochul bragged about her state convicting donald trump. watch this. >> you think you are tired of donald trump? talk to a new yorker. no wonder he had to flee to

mar-a-lago. sorry about that, florida. trump hasn't spent much time in new york lately. except to get convicted of 34 felonies and that is just fine with us. because new york's motto is excelsior, ever upward. trump takes us ever downward. stuart: i weep for new york, i really do. that kind of statement from the governor of new york about donald trump is outrageous. it boils down to constant trump hatred, seems like that is all they have got. brian: he reminds me of the civil trials, took aim at him and his business when there was nothing to go after, fine him when there was no victim, he had to put up $200 million in order to avoid liquidation. all about targeting the.

he was a target when he became a political enemy. if you are rich and successful, you want to stay away. wall street, donald trump wants to be president for his wall street friends. he is not in the market. he's a realtor. he builds. he decided not to building your state because taxes are too high. she is acting like she is really tough and she's got to go to speaking classes, change your tone instead of trying to sound like a schoolyard bully. stuart: a response wasn't great. i am sorry. we are out of time. see you again soon. we will be back. still ahead. house oversight chair james comber on house republicans finding president biden and his family received $27 million

from foreign individuals and entities since 2014. mike lawler on aoc slamming trump as a 2 bit union buster and ben domenech on james carville warning democrats, we will be back. did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com

tamra, izzy and emma... no one puts more love into logistics than these three. you need them. they need a retirement plan. work with principal so we can help you with a plan that's right for your team. let our expertise round out yours. olukai shoes bring the comfort of walking barefoot on wet sand to any journey. any moment can feel like you're stepping into the spirit of hawaii. say aloha to olukai. anywhere comfort. anywhere aloha.

>> i don't say it's pro-palestinian, it's pro-hamas. they know exactly what they're a