that doesn't exist and what we've got to do is remind them this is the same vehicle of the biden-harris administration. the harris is still riding in the same broken down truck that we've got to remind them. >> and they haven't delivered. maria: they keep saying they want a fresh face and turning the page and yet it's the same people. i mean, kamala was vice president. >> she's still vice president. >> it's like day 1,000 and something of kamala. maria: by the way whose running the country? that's scary right now. mark tepper, doug collins, lee carter great to talk with you this morning, great show we appreciate it and we'll see you again tomorrow. have a great thursday. "varney" & company picks it up right now. stu take it away. stuart: you're right, maria, who is running the country and good morning to you. good morning, everyone. tonight, the main event. kamala harris makes the political speech of her life. we're told she will discuss her middle class upbringing, the evil past versus the hopeful future, and patriotism.

wednesday night, governor walz staked his claim as harris' runningmate. he made false claims about trump and gop policy. but you know? it was oprah winfrey, i think, stole the show. it was a well-delivered speech about a principle but not about policy. the crowd loved it. this morning on fox, trump replied. he denounced harris as a radical left lunatic and linked her to the ruin of san francisco. all right that's dealing with politics now let's get to the money. it is widely assumed that the federal reserve will soon lower interest. that's baked into the market. yup the rally continues. dow up maybe another 50. nasdaq up about 70 points and the early going this morning. bitcoin has moved above $60,000 a coin, 60, 80. interest rates holding at lower levels the 10-year treasury is 3.83 and the two-year, 3.97.

gold remains close to record levels 2,536. oil moving up very slightly just a couple of cents in response to israeli action against hezbollah overnight. gas continues to retreat a gallon of regular down a penny at 3.38 and diesel same story down a penny at 3.72. on the show today, hamas wanted to turn chicago 2024 into chicago 1968. so far, they have failed. the turnout has been low, demonstrators had little impact on the convention. listen to this. the fbi is investigating the alleged contamination of a democrat breakfast buffet with maggots. childish and juvenile. thursday, august 22, 2024. "varney" & company is about to begin.

we'll ride until it's over, so we put our hands up like the sealing can't hold us ♪ stuart: what's this song, put it on the screen, please? can't hold us, okay, we'll take it. we're going to kickoff this morning from the latest here in chicago. governor tim walz spoke last night and he formally accepted the democrat vice presidential nomination. good morning, lauren. what did he have to say? lauren: he delivered the shortest acceptance speech since 1984 a little bit over 15 minutes and people were happy than but you know what i noticed? he struck a different tone than the obamas, the previous night. he was more uplifting. he gave a pep talk. >> i coached high school football long enough to know and trust me on this. when somebody takes the time to draw up a playbook, they're going to use it. >> [applause] >> and we know, if these guys get back in the white house, they'll start jacking up the costs on the middle class. they'll repeal the affordable

care act. >> booo. >> they will gut social security and medicare. >> booo. >> and they will ban abortion across this country with or without congress. it's an agenda that serves nobody except the richest and the most extreme amongst us and it's an agenda that does nothing for our neighbors in need. is it weird? absolutely. lauren: is any of that true? trump has not said he would do any of those things. he's dismissed project 2025. but it seems like walz is reaching out to the undecided voters by tweaking the message of the democratic party. they are the party of freedom. they won't tell you what to do in the doctor's office or the bedroom. that's not something you typically hear from democrats. as for kamala harris, where was she last night? she stayed in her hotel room, watched tv, watched the convention obviously, and she prepared for the biggest speech of her political career tonight, stuart.

stuart: tonight's the night. thanks be, lauren. roll this. >> leaders don't spend all day insulting people and blaming others. leaders do the work. >> [applause] >> we've got something better to offer the american people. it starts with our candidate, kamala harris. kamala harris is going to cut your taxes. >> [applause] >> if you're getting squeezed by prescription drug prices, kamala harris is going to take on big pharma. if you're hoping to buy a home, kamala harris will help make it more affordable. >> [applause] >> no matter who you are, kamala harris is going to stand up and fight for your freedom to live the life that you want to lead. stuart: a lot of stuff in there. guy benson joins me to sort it out. wait a second. she's going to cut our taxes? really? >> maybe. maybe not. i don't know what to believe about this woman, because we're

learning little bits and pieces about her new agenda seemingly everyday through people other than her. we're getting wispers to the new york times from her aids. we have a policy announcement from her vp runningmate i guess on the stage last night, and what's so fascinating about it is, none of what he said in terms of the indictment of the trump agenda is reflective of how people actually fared under president donald trump. it's not some nebulous scary prospect of what donald trump might do if one-day he became president. he was president for four years. people saw what he d & d not do and at least on a policy level on a lot of the pop issues they liked it especially compared to what biden and harris have done and one of the themes, stuart, of this convention and i've been watching a lot of it obviously here in chicago. this democratic party is running as if they are the party that's out of power. they are running like they are the challengers against a scary status quo and just hoping

everyone ignores the fact they are in charge of the country right now and have been last four years. it's wild. stuart: okay, listen to what donald trump had to say this morning about harris' proposed policies. roll it. >> price controls have been used many many times over the years, usually by dictators but they've been used many times. they'vevery never ever worked. she's allowed crime to flourish wherever she went. she had policies $950 you can steal anything you want up to $950 in a store. she's going to ban fracking. she's going to ban all energy production coming out of the ground. if these two people take it over, this country is finished. she's a marxist, and she's open borders, no drilling, our country will die. stuart: all right guy benson, our country will die. it's a little -- >> a bit much. there's a lot of over-the-top rhetoric and

heated hyperbole leading into an election. that's typical. donald trump is sometimes guilty that's fair to say but one thing that strikes me listening to that clip and the points he made about things she's done or things she has said and you can expand this out to walz as well whereas lauren made the point that the list of terribles, the parade of horribles that we heard from tim walz on this stage last night about what trump and vance would do, it's actually not reflective of what they are actually proposing. stuart: precisely. >> whereas what trump was just saying part of that indictment of her, she has said all of those things outloud so they are kind of inventing scary things that trump would do, even though he has said in many cases he would not, whereas what trump is talking about is her own words and her own record. stuart: gotcha. guy benson, thank you very much. >> good to see you, stu. stuart: check futures, please. i see green on the screen again. its been like this much of the week. dow up maybe 40. nasdaq up over 70. adam johnson is joining me

this morning to check out this market. adam? the number of jobs added revised down 818,000. big number and we've got very little reaction from the market. is that because rate cuts are really baked into this market? >> i think that's part of it, stuart but the other part is that those job revisions go back 12 months. i mean, that is old news. in other words what happened 12 months ago, 11 months ago? that has no bearing from the markets perspective on what stocks are going to do over the next couple of months. i mean, you could argue that it undermines people's ability or people's trust in the government's ability to actually get the numbers right. that's a fair point but the good news is, stuart, that america is not run necessarily by politicians, but instead, by entrepreneurs, by can-do people who get things done, no matter what the government says about jobs numbers or anything else that might be said in chicago. stuart: adam, we've got gold

well-above 2,500 bucks an ounce. you're suggesting that that is not sustainable? why. >> yeah, i'll tell you why. i'm taking my queue from the market, stuart. that price we're showing of gold right there, $2,500 or thereabouts, all-time highs, right? gold keeps moving higher. i think reflecting some of the uncertainty in the world. certainly around elections, the economy, weres abroad, et cetera, but what's interesting, stuart is the gold mining stocks made their high back in 2020. over four and a half years ago so isn't it interesting that gold is making new highs, and yet gold mining stocks are still 15 to 20% below their all-time highs again from four years ago, which tells me that the market, at least stock traders anyway, are not seeing price of gold as sustainable. if they did they be buying the gold miners and taking the gold miners to new highs, because high priced gold would imply higher earnings for the gold miners but again, stock traders are not taking that bet, so if i were long gold

and i'm not, i'm a growth investor and gold doesn't excite me, it doesn't grow or generate added value in any way. it just sits there. if i were long gold, i be selling it. stuart: got it. thank you very much adam. stay there, please. you're with me for the hour. good stuff. trump received a boost in the betting market during the course of this three days so far at the dnc. lauren, tell me where the odds are now. lauren: so i thought this was surprising trump has a 53% chance of winning and kamala harris has 46%. so in the middle of the democrats convention he gets this boost. what do the experts in the prediction markets say? it could be because of those job revisions lower, by 818,000 in the past year. it could be that kamala released her economic plans and the traders don't like it, or perhaps the buzz that hadsrfk jr. could be dropping out of the race and endorsing trump. stuart: anyway, he's ahead in the betting market and that's interesting. lauren: it was a turnaround.

stuart: lauren, thank you. coming up democrats using the convention to define trump as selfish. >> trump is a chaos agent, who is focused on himself. >> he's about me, myself, and i. >> donald only cares about himself. stuart: will this approach resonate with voters? bret baier will join us shortly. democrats, well, they are propping up kamala harris as the candidate for freedom. >> kamala harris' vision for protecting and expanding our personal freedom, internet freedom, and economic freedom. stuart: well, is that a winning message? we'll ask former speechwriter marc thiessen. marc is next. always going to be another mountain, i'm always going to want to make it move ♪

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stuart: the crypto industry is spending an unprecedented amount of money on this election. marc thiessen. and madison alworth both here with me this morning. hold on a second, marc, but madison, where is all this crypto money going? reporter: most of it is going to a super pack that is helping propel pro-crypto candidates in federal elections and i think we're going to look back at this election and say it's the first federal election where crypto really played a role in both policy and financing, and that's because the cryptocurrency industry has contributed a whopping $119 million on 2024 federal elections to boost

those crypto-friendly candidates. all according to a new report from public citizen. the progressive consumer writes watchdog group found that the amount of money represents nearly half of all corporate money contributed in this year's election. the majority of that money came from crypto sector corporations primarily coinbase and ripple, and its been fed into fair shake pack. now, both sides are trying to make a play at the crypto-friendly as the crypto-friendly party. here the dnc congressman nichol of north carolina has been pushing the harris camp to take a favorable stance towards crypto and a harris aid has reportedly suggested that the vp will support policies for crypto industry growth, but harris hasn't really said anything about crypto since launching her campaign. meanwhile, former president trump who was once a critic and has now become a believer in crypto, traveled to nashville to speak at the bitcoin conference, but what we're hearing from crypto analysts is that no matter what happens they are expecting a crypto boom after the election because that uncertainty clears up around

candidates and their positions. stuart: that could be talking up the product couldn't it? reporter: it definitely could be considering they are crypto analysts yes. stuart: makes a headline. good stuff, thanks very much indeed. marc, come on in please. harris speaks tonight. is this make or break for her? >> it is because she's the crypto candidate which i mean no one knows who she is or what she says. stuart: good one. >> there are very few moments for a president or presidential candidate where you get to, where millions of people tune in and you get to speak to them unfiltered by the media, right? there's a state of the union address, an inaugural address, presidential debate and a convention speech, so these are rare moments and for her particularly because she is the most unvetted, most unexamined candidate in the history of our country. she didn't go through a primary. she didn't have to do town halls with voters. she didn't have to debate her democratic, you know, challengers. she has another single town hall with voters with voters, interview. she gave one speech and got

economic speech for 15 minutes, spent $2 trillion and got trashed by the washington post editorial page that didn't go very well so it's a big high stakes moment for her. stuart: but no policy tonight. image and here i am, vote for me, i lead this party now. >> i mean, not been a lot of policy at the convention because they are going to win on vibes. stuart: well you don't want to have policy because they might be picked over by the analysts. >> exactly right because the great vibes coming, we're campaigning on a platform of joy. i don't know quite how you legislate joy, but we're going to do it. stuart: well much of them have been focusing on defending freedom. watch this. >> i'm excited by kamala harris' vision for protecting and expanding our personal freedom, internet freedom, and economic freedom. >> kamala harris is fighting for our freedom. >> donald trump, a man with no guardrails, wants to takeaway our rights and our freedoms. >> let us choose freedom.

why? because that's the best of america. we're all americans and together, let's all choose kamala harris. >> [applause] >> [laughter] stuart: that was a very well-delivered message. does it work with voters? >> so here is the question. look everybody loves freedom and everyone loves joy, right? we love freedom and joy. do you feel more freedom when you're paying $125 for $100 basket of groceries and when you have to borrow money to pay for it? 60% of americans are using credit card debt and pay day loans to pay for their groceries, so it's hard to sell a message of freedom when people, when you've gone, americans have gone from the highest level of personal savings at the start of the biden-harris administration to the highest level of personal debt and credit card debt in history. i don't think people feel more freedom as a result of their policies so how is she going to differ? stuart: good question. you're writing about this.

what's your problem with the security, of the democrat national convention. what's your problem here? >> well i have no problem with the security. i think it's funny because the democrats, there was a time when democrats supported fencing, i think all of a sudden democrats in 2013 voted for 700 miles of border fence until donald trump came over. there's three layers of fencing here at the convention. democrats used to believe in the police until kamala harris joined the defund the police movement so whose securing the convention center? the police. they used to believe in voter id and joe biden said that we're all racist and did you know you need an id to get into the convention and vote for the nominee? all the delegates had to show a secret service id, so this is the party offenses, police and voter id. stuart: nice touch, marc thiessen. , always a pleasure. >> great being on with you, thank you. stuart: now this, missing signs featuring ohio senator sherrod brown popped up around

the convention. lauren? lauren: yeah, okay, so that ohio senate race is a toss-up, so the states republicans put signs up, sherrod brown, missing, in chicago. last seen cutting your retirement benefits and hiding from harris' radical record. they point out that the senator skipped the dnc, which he's attended since 1994 because he's trying to distance himself from kamala harris, despite the fact that he has voted with her 99% of the time. other vulnerable democratic senators skipping chicago, john tester of montana, jackie rosen of nevada so with brown, those three are the three senate races that fox news labels as toss-ups. stuart? he should have just went. he would have been painted as more moderate, because if you're at the convention, i mean, kamala harris is now a moderate candidate, right? stuart: and sherrod brown is not. there's nothing moderate about

sherrod brown. he's out on the left. thanks lauren. check those futures please here is how we open up this market. dow up 50, nasdaq up another 92 points. how about that? the opening bell is next. i knew you were trouble when you walked in, so shame on me ♪ everywhere but the seat. the seat is leather. alan, we get it. you love your bike. we do, too. that's why we're america's number-one motorcycle insurer. but do you have to wedge it into everything? what? i don't do that. this reminds me of my bike. the wolf was about the size of my new motorcycle. have you seen it, by the way? happy birthday, grandma! really? look how the brushstrokes follow the line of the gas tank. -hey! -hey! brought my plus-one.

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let our expertise round out yours. stuart: futures indicate a move to the upside when the opening bell rings this morning. dow up 50 but look at the nasdaq up 83 points. that's in a very early going. brian bellski, formerly known as bullish brian, joins us this morning. you know, i read your stuff, brian, and you talk about the september curse. what's that? >> hey, good morning, stuart. hang in there in chicago by the way. you know, september tends to be the most volatile month of the year. we are still remaining very bullish. we think the us stocks are in a big giant secular bull market and higher prices will be at year-end but september is usually quite volatile and given the fact that the market remains

excessively focused on macro data and everybody's convinced powell is going to be super-doveish, what if he isn't and i think you have to setup for a potential surprise that the market could become a little bit more volatile to the downside, which would create i think a better buying opportunity longer term but the bull market is very much alive and we think we be buying on that dip. stuart: the mag7 stocks, they have underperformed the market. this is the first time we've seen that in two years. what does that mean for the future of those mag7 stocks? >> it means that you don't have to own every one of the mag7 by the way which we don't in the portfolios that we run for bmo wealth management both in the us and canada. number two, it shows the broadening out of the market means the market strength has a where with all to it and people are investing and number three, it speaks to kind of the consumer staples of tech which are apple, amazon, google,

netflix, microsoft. those really are the consumer staples names and we want investors to kind of trade down in tech and focus more on qualcomm, amd, broadcom, those types of names that we believe and oracle by the way too, i'm sorry, which we believe those are going to be the strength going forward and all names that the we own in our portfolios and we don't own them personally. stuart: but we're looking solid. this rally, this market looks solid at this time. last word to you, 10 seconds. >> i think we're going to probably pullback and test the september lows in a surprising fashion. >> [opening bell ringing] stuart: okay, we'll take that at heart. brian, thank you very much for joining us this morning. they've just pressed the button. the opening bell has been rung and the market is open. the dow is off and running with a 50 point gain in the early going plenty of winners amongst

the dow 30, in fact a majority are in the green. the s&p 500 that too has opened higher better than a quarter percent up 15 points, 5,637 is the level. the nasdaq composite up nearly half a percentage point 18,000 on that index, 82 points higher. let's have a look at big tech. presumably most of them are higher that is accurate. alphabet, apple, we have meta and microsoft, all of them moving up all in the green this morning. i want to pull out microsoft and just look at them specifically. they're changing the way they report their quarterly results. now, what's going to be different, lauren? lauren: they want to highlight hera i successes and justify their a.i. investments so they are shifting how they report certain units of their business. just to be more clear to wall street, one example, their intelligent cloud unit had included azure. now that goes to productivity

and businesses, so it'll see bigger growth. just a shifting. stuart: adam, what do you think to this? any difference in the stock price because of this or not? >> no it doesn't change the way i think about the company, but i always appreciate when a company breaks out separate line items. gives me the extra detail, so instead of lumping the a.i. business, you know, chatgpt revenues, which are still small, instead of lumping that into azure, now they say here it is separately and we can identify and watch that grow and it becomes a separate story and separate growth driver so i'm good with the decision. stuart: okay, meta just shy of an all-time high. i guess this is all about a.i., lauren. do you have more on this? lauren: it's mark zuckerberg. look he's a great ceo. he is articulating his vision on a.i. to wall street so he's selling it and traders are buying it. if you look at meta it's up 13% this month. not including any gain today. well-ahead of their big tech peers, so what zuckerberg is showing wall street, these are

the near-term benefits or investments in artificial intelligence. we can connect a brand to an interested user or buyer, so you can connect better to your audience. if you look at the big four, meta, amazon, apple, and alphabet and how much they've spent on artificial intelligence in three months? $55 billion and that number just continues to grow. stuart: that is astonishing. adam? any input on meta going higher still? >> oh, you bet. well mark zuckerberg certainly got the message. remember a couple years ago, he was spending 10, $12 billion a year on the metaverse, whatever that was. people took the stock down to 82. i bought it for my subscribers at 150 and took heat because it went to 82 and i said hang on he's going to stop spending on the metaverse and figure out how to generate revenue. he's done that with a.i. the stocks up fivefold. keep going, mark. you're doing great. stuart: yes, he is. all right earnings reports

out earlier this morning including bj's wholesale. i guess they didn't do well because they are down 7%. lauren: yeah, but they are like costco. membership club, offer value, everybody wants value these days. their sales missed estimates. online sales rose by 22%. membership income rose by 9%, but in the end, they couldn't get enough customers in the door. stocks down 7%. stuart: very big drop. how about william sonoma? lauren: they sell really expensive home goods and home furniture and it's a tough sell in this environment. their sales missed the estimate. they cut their sales guidance for the year. stocks down 8% today. i do want to point out in the past one year, it is up 102%. stuart: got it. peloton. i've not yet seen these things in garage sales but i expect any day but the stock is up 16%. lauren: is it the turnaround? it was actually their first sales increase in nine quarters and it actually came during the summer, which is kind of

surprising. more people might be inclined to go outside and run or bike than, you know, go on a stationary machine or take a class and they are finding new streams of revenue for some of their equipment so not at a garage sale but they are renting the equipment and putting it in hotels and selling it in dick's sporting goods, on amazon so there are more places to try to buy it so right now stocks $3 but the turnaround is certainly intact. stuart: 18% higher i'm sure we'll take that. walmart. i know they're looking to take on amazon prime and they are teaming up with burger king to do this. now can you explain this? lauren: this is so random. it's about services. walmart wants to beat amazon on the services and the revenue that they get from that that they provide. you know, the walmart plus account, so, if you subscribe to that, you pay $13 a month to become a walmart plus member. next month you can get 25% off any digital order that you place

on burger king and every three months, you can get a free whopper. stuart: adam? that doesn't seem to be hugely enthrawling idea frankly. >> what's a digital burger? is that like farmville where you spend money on things that don't exist? lauren: go to the app. >> no, you know? i'm a growth guy. i'm not a sort of kitchy guy. this sounds like gamesmanship to me. lauren: you have to remember its been three months i get my free whopper. stuart: it don't work like that. speaking of growth, adam's got his stock picks and we'll start with uber. is that all about growth? >> oh, yeah and what really excites me about uber, stuart. i think the stock can double from here and that's because i think that earnings will double from here and it has nothing to do with taking people or taking stuff. it has everything to do with the ad platform. think about it. when you're waiting for an uber you're looking at your phone and a captive audience staring at

it. they will start putting ads on that phone. well, 150 million users are probably good for $90 per user of new revenue per year. i think that translates into $2 worth of earnings so i think earnings by next year are going to be four bucks, not two bucks. that means that uber right now is trading below 20 times earnings. that's cheaper than the s&p 500 with 100% growth so yeah, i'm very excited about uber. i own it, for my clients, money management clients and i think it's a double from here. stuart: a double from here. >> i do. stuart: magic words there adam johnson. how about nvidia? that's another of your stock picks. >> oh, yeah and we talk about this a lot but earnings are going to be next wednesday, stuart, and nvidia's cheap and i'll tell you why. i think that the $4 of earnings that people are modeling this year, i think that's too low. i think it's really going to be more like $5 because nvidia has a history of beating by anywhere from 30 to 40%, so $5 of

earnings, you put a 35 multiple on that. it gets you to 175 bucks. the stocks 130 right now so i know its come a long way. i've owned it for a long time and i have sold a little bit on the way up just because that's prudent when a stock gets so big in your portfolio but i do have a new target now of 175 bucks and earnings for next week. stuart: 175 okay. we shall see. adam, stay there i've got more for you later. coming up, oprah winfrey made a surprise appearance at the dnc and she took a swipe at j.d. vance's childless lady statement. >> when a house is on fire we don't ask about the homeowner's race or religion. if the place happens to belong to a childless cat lady, well -- >> [applause] >> we try to get that cat out too. stuart: her surprise appearance was all about image, not policy. mary katharine ham reacts to that.

and van jones pointing out a real problem for harris. >> she's got work to do, clawing back some of these young black men. they can't all be government programs. stuart: trump gaining support among black voters. that is not good for harris. giano coldwell will weigh in on that . listen to what kamala's secretary said about those big downward revision in jobs. >> i don't believe it, because i've never heard donald trump say anything truthful. >> it is though from the bureau of labor. >> i'm not familiar with that. stuart: really? you never heard about the jobs thing? oh, dear. wisconsin senator ron johnson takes it on. the senator is next. ♪ ♪

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stuart: vice president harris will formally accept the presidential nomination tonight. jacqui heinrich is with me this morning. what can we expect from her speech this evening? reporter: good morning to you. it's hard to tell what time it is, we've been here for so long. you know, there's still no policy section on the harris campaign's website. the trump campaign is trolling them, putting out a link to kamala 2024 website themselves. it has some policies that she likely does not embrace anymore, but it's significant that that is up there the night that she accepts the democratic nomination. the focus for the first three nights has been navigating this goodbye to a sitting president who would have been accepting his nomination tonight and consolidating energy to push their democratic leader through november but the candidates are

aware they have to give people a little bit more than a promise of joy. >> this is the part, clip and save it and send it to your undecided relatives so they know. if you're a middle class family or family trying to get into the middle class, kamala harris is going to cut your taxes. >> [applause] >> if you're getting squeezed by prescription drug prices, kamala harris is going to take on big pharma. reporter: how are they going to do that? well it's unlikely we get many specifics from harris. the administration she serves in right now rolls out big policy announcements with fact sheets and background calls with reporters to shape what they ultimately put out. it's more likely tonight we'll get an outline of goals, probably a comparison with trump but what we're watching for is if harris tries to appeal to the swing voters, the independents or moderates who are not in this room. >> if we want to win over those who aren't yet ready to support our candidates, we need to listen to their concerns and

maybe learn something in the process. >> treat them with respect. just the way you'd like them to treat you. >> i'm pete buttigieg and you might recognize me from fox news. >> [applause] >> i believe in going anywhere. stuart: what? reporter: well this hall is filled with the most devoted democrats in the party. there are no undecided voters filling these seats, and there were more than a few who were hostile to people, who don't fully embrace all of their ideas. i spoke to several of them last night and they are going to have to find a way when they leave here to pull more people to their side than the 10,000 who gave them arizona or the 12,000 who gave them georgia in 2020 stuart. stuart: it was that bit about kamala harris cutting my taxes or our taxes. that really got to me. how are you going to do that? i never heard that before. reporter: love to know. maybe wait and see. stuart: great stuff.

thank you very much indeed. listen to what democrats said about harris on the border. roll it. >> folks? we don't have to choose between a secure border and building an america for all. under president harris, we can and will do both. for 20 years kamala harris has been tough as nails when it comes to securing our border. >> all republicans have to offer is demonizing and bluster. democrats have solutions with kamala harris as president. stuart: [laughter] just cut her off. senator ron johnson, republican from wisconsin joins me now. mr. senator? harris has been tough as nails on border security? have at it, sir. >> well, obviously not. i was interviewed earlier when somebody said talk about kamala harris' failures as border czar.

she didn't fail. she succeeded. she got exactly what she wanted. they wanted an open border and they caused this problem and any democrat strategy you'll see in this election is quite clear. it's pull the wool over the eyes of the american public. lie to them. gaslight them and rely on the fact that the legacy corporate media will cover it up for you and provide no scrutiny, no accountability. that's what democrats can always rely on. they have the media in their back pocket. stuart: yeah, deny and ignore. listen to this. this is kamala's secretary, when asked about the downward revision in jobs. hard to believe but watch this , please. >> when you hear that, do you potentially think the new numbers could be a liability for this campaign? >> no, when i hear that first of all i don't believe it bass i've never heard donald trump say anything truthful. >> it is from the bureau of labor. >> i'm not familiar with that. stuart: that's extraordinary. how could the commerce secretary

not be aware of those numbers mr. senator? >> because extraordinary incompetence. stuart, i was hearing a week before those numbers were released that the downward revision be somewhere around a million. she's the secretary of the department that publishes the number. you know full well, on a network like yours, financially-based that people anticipate these reports. the fact that she didn't know anything about this report, about the downward revision, is literally just jaw-dropping incompetent. stuart: deny and ignore. mr. senator thanks very much for taking time out to be with us. always appreciated senator johnson, thank you, sir. all right, more "varney" after this.

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stuart: just a few blocks from the convention sits the 90-year-old moons sandwich shop. kelly saberi is there speaking with diners. what are they saying about inflation and the economy, ke kelly? reporter: hi, stuart. well, a lot of folks here realize that the convention has largely been about uniting the party, and they say that they would like to see more about policy, including better housing policies, helping the homeless, and also working to combat inflation. moon sandwich shop has been here through many of the nation's

peaks and its pits, all the way from the coronavirus to the great depression. owner jim raddick took over about 40 years ago and tells me the area was considered a food desert until recently. now the lack of food drives him want to give the people of this neighborhood an option not just cheap but great to eat for their families but it's difficult to do that when prices keep changing on him. he tells me the last time he changed prices was a little over a year ago. >> it used to be 4 to 1 and what it costs you, you mark it up four times, so if it costs me just for the sake of argument $10 a pound for corned beef and i sell half a pound per sandwich that's $5 so the sandwich should actually be $20, but it's not. reporter: rising wages are also putting a strain on raddick's business. chicago's minimum wage is

currently just a little over $16. raddick invites the politicians at the united center just blocks away to come join him, have conversations with his customers and enjoy a sandwich. they are known for corned beef, stu. stuart: i'll remember that kelly saberi thank you very much indeed. i want to bring back adam. which candidate is better for the economy and which for the market? >> that's easy it's donald trump, stuart. donald trump is far more better for the markets than kamala harris and it's real simple. lower taxes, lower regulation, and more oil getting pumped which lowers the cost of gasoline for everybody. i think, stuart, that the reason the market was up so strong in july is that the market thought it had a sure thing in a donald trump victory. he was going to beat biden, and then biden withdraws, kamala comes in. everything gets flip-flopped and i think that's why the markets sold off. interesting we're coming back and as you were reporting earlier. he's apparently now even leading

kamala in some of the betting polls so we'll see how this plays out, stuart but yeah. no question that trump is the markets choice, preference for a winner. stuart: all right, adam. thanks for joining us for the hour always appreciate it. >> thanks for having me. stuart: on the markets this morning, we've got now some green, not a lot of it. dow is up 20, nasdaq though doing well, up another 70 points. still ahead, vice pre vice prest hopeful tim walz, charlie heard will make remarks. mary katharine ham will react to oprah winfrey making a surprise appearance and calling out vance's cat lady comment and holding the dnc in chicago ignoring the city's crime crisis. the 10:00 hour of "varney" & company is next. ♪

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