Skip to main content

tv   Varney Company  FOX Business  August 23, 2024 9:00am-10:00am EDT

9:00 am
dnc is over and we've had the fourth week now of the kamala a harris love pest, i think it's now going to get to the the real race. the next thing we have to look forward to is the debate on september 10th, and thomas sowell writes this morning in the journal, republicans better get on the ball. they haven't made the case against harris, and the clock is ticking. maria: it sure is, you're right about that. and we'll see if the a halo comes off after the can dnc ends now and if, in fact, voters focus on policy and compare the two sides in terms of policy and what that means for the polls. chris, caroline, cheryl, always a pleasure and honor to be with you all. thank you. is have a great weekend, everybody. i'll see you tonight on "wall street." "varney & company" picks it up. stuart sure good morning, everyone. let the campaign begin. kamala harris has launched her bid for the white house. she's offering a path away forward but failed to say how we get there. it was light on substance, light on policy, and she attacked trump with a series of what are
9:01 am
politely called falsehoods. her speech was well received, however. democrats are leaving the chicago convention in a giddy mood. they believe their candidate can win. trump pushed back quickly. he's not going to cut social security or medicare, and he's in the going to enact a national abortion ban. he asked, what is she complaining about? she had three and a half years and didn't do anything. he says harris should immediately close the border. well, he's going to to glendale, arizona, today. he will be at the border. president biden, he's in california on a 32-week -- 2-week vacation. to the markets, it looks like a friday morning summer rally. remember, this afternoon jay powell hints in veiled language where interest rates are going. it is assumed they're going down, but by how much and when, we don't know yet. the dow industrials up close to 2090-- 200 points, the nasdaq up 180 points. this is how we're starting out, i do not know how we'll close out this afternoon. interest rates, the the 10-years at 3.83%, the 2-year is above
9:02 am
4%, actually right at 4% even. bitcoin, $60,000 -- no, 61,000. and small change. oil, $74 per barrel. gas, that was a gallon of regular down a cent, creeping lower, $3.37 for regular, $3.71 for diesel. all right. on the show today we'll go through the harris speech for clues to the future. there aren't many because the speech was light on policy. if it comes to this: harris is likely -- not likely to give any in-depth interviews. we'll have to wait for the september 10th debate for that. it is friday, august 23 -- ed finish can -- the debit's 18 days away -- debate's 18 days away. "varney & company" is about the begin. ♪ ♪ freedom, freedom, i can't move. ♪ freedom, cut me loose. ♪ freedom, freedom --
9:03 am
stuart:, that i believe, is freedom, beyonce. is and that is kamala harris' song from last night, if i remember -- lauren: yes, played frequently, although we did not see beyonce. stuart: no, we did not. the democrat convention has a wrapped up. kamala harris delivered her speech after formally accepting the party's nomination. i stayed up late to watch, now i'm paying for it. take our viewers through it. [laughter] lauren she accepted the nomination on behalf of the american people, and the theme of her 37-minute speech is she is for the people. >> on behalf of every american regardless of party, race, gender or the language your grandmother speaks, on behalf of my if mother -- my mother and everyone who has ever set out on their own unlikely journey, on
9:04 am
behalf of americans, i accept your nomination to be president of the united states of america. [cheers and applause] lauren: president biden watched from his california vacation posting, jill and i just spoke -- there they are on the speaker phone -- to kamala harris. we can't wait to watch her accept this historic nomination. kamala and tim will inspire a generation and lead us into the future. and, yes, harris did thank biden last night. >> when i think about the path that that we have traveled together, joe, i am filled with gratitude. your record is extraordinary, as history will show, and your character is inspiring, and doug and i love you and jill and are forever thankful to you both. lauren: and that was it for biden. the rest of the speech was focused on trump, on her record as a prosecutor -- not as a vice
9:05 am
president. she distanted herself -- distanced herself from biden and was completely out of touch of the past three and a half years she was very much a part of. stuart: forgot about it. thanks, lauren. now, listen to a bit more. roll it. >> our nation with this election has a precious, fleeting opportunity to move past the bitterness, cynicism and divisive battles of the past. i promise to be a president for all americans. [applause] i will be a president who unites us around our highest aspirations, a president who leads and listens, who is realistic, practical and has common sense and always a fights for the american people. [applause] from the courthouse to the white
9:06 am
house. stuart: bill mcgurn is a "wall street journal" guy and is with us this morning. all right. did kamala harris pivot away from biden last night? >> i think it was more than a pivot. you know, once think got joe biden out of the way -- once they got joe biden out of the way monday, the pretense is we've gone from obama to kamala. the three and a half years just didn't exist. and, you know, kamala wants to thank biden. of course she should thank biden. he's the only -- she's the only one that's probably benefited from joe biden as president in the country because now she has a nomination she would never have otherwise. stuart: you've got to forget the past. forget the last three and a half years. >> right. you have to forget joe biden's record and that the she was part of it. stuart: listen to what donald trump had to say about harris' speech. roll that, please. >> well, the biggest reaction is why didn't she do the things
9:07 am
that she's complaining about? a lot of complaining. she didn't talk about china if, she didn't talk about fracking, she didn't talk about crime, she didn't talk about 70% of our people are living in poverty. she didn't talk about the housing really. the trade deficit, she didn't talk about. child trafficking that she's allowed to happen because she was the border czar and she presided over the weakest border in the history of our country. stuart: what do you think, bill? did trump get it right? >> yeah, i think he's absolutely right, but that a doesn't mean that her strategy isn't smart. why should she talk about it? all those things are very unpopular. if she can avoid it, and i don't think the press will hold her to any of it, she should go with what she's doing now. stuart: yeah. why acknowledge the failure of the past when you're trying the chart a pathway to the future? why do that? >> right. why would she embrace the unpopular when she doesn't have to? stuart: right. [laughter] unless the media makeses her. >> yes, which --
9:08 am
stuart: but she will never let them. sorry, lauren. lauren: no, just all the past democratic presidents were there. it was very much the past at the convention. not pivoting to change where the party is going, whereas at the rnc there was really no one from the past there because the party has changed for the future. >> the past was all, it was get joe biden out of the way, then the cool kids, the obama and clintons, they can have the party with everyone else. it's amazing to me how unmentioned joe biden has been since his appearance the first night. trump was mentioned far more. stuart: he's gone. bill, thanks for being with us. >> you're welcome. stuart: check that market. nice chunk of green this friday morning. up nearly 200 for the dow and nearly 200 for the nasdaq composite. kenny polcari is with me. who does the market precious trump or harris? -- prefer, trump or harrissome. >> i think the market's going to
9:09 am
prefer a trump win if it happens, although i'm not sure anymore that -- i think it's too close to call. i think the market's going to have a definite negative reaction, i think, if we get a hearst win considering we -- a harris win considering we aren't really sure where she stands on anything considering there's been no policy statements other than all these increased taxes, the unrealized tax, the capital gains ax that. you know, where's she going to get this opportunity economy she's talking about. so i think the market will react negatively to that. stuart: okay. we'll hear from jay powell in jackson hole today. in your opinion, when will we get rate cuts, and how big will the rate cuts be? >> so i think we're going to get three 25 basis point cuts, september, move and december. i think he's been very clear, very methodical in terms of his thinking. he hasn't overreacted, he didn't have a breakdown, you know, in early august when jeremy siegel and everyone else was. he held his ground, and i think he's going to remain exactly that a way.
9:10 am
i think he's going to open the door a little bit to sound to everybody to allow -- dovish to allow the markets to recognize cuts are coming, and the market always recognizes that. i think it's right. i think anything bigger than 25 sends the message that they screwed up and they're behind the 8-ball and oh, my god and right my hair on fire and all that which is what i absolutely do not think they should do. stuart: i want to get back to politics and economics for a moment. here's what harris said about her goals for the economy. >> this is personal for me. the middle class is where i come from. my mother kept a strict budget. we lived within our means, yet we wanted for little. and she expected us to make the most of the opportunities that were available to to us. we will create what i call an opportunity economy, an opportunity economy where everyone has the chance to
9:11 am
compete and a chance to succeed. [cheers and applause] stuart: hold on a second, kenny. i think -- i thought we already have an opportunity economy. don't we? >> i certainly thought we had an opportunity economy. the first part of her conversation was correct, that the parents sit down, they create the budget, the family lives within the budget, and then the family expects of their children what they expect. take advantage of all the opportunities, take advantage of education, take advantage of, you know, outside opportunities to grow and the become successful. yes, i think that's true. i think over the last three and a half years, you know, actually more than that, over last 15 years when the fed kept rates at zero and everything got out of balance, that's now created a much more difficult environment which i would agree with, but i still think that a there's plenty of opportunity if you go and chase it. stuart: opportunity, right. inflation doesn't help opportunity either. kenny -- >> no. stuart: we're right here. we're out of time, kenny. sorry about that.
9:12 am
we'll watch the market with you later. now, left-wing media giving kamala harris rave reviews. >> it was a remarkable address, one that i've never seen her give quite like this before, a very, very powerful speech. >> this magical, charismatic quality in person. stuart: all right. will the media get past the hype to fact check harris on the issues? tammy bruce will be here. apparently, leading men at the dnc portray males in a more favorable -- in a way that's more favorable to democrats. >> -- the men of the democratic party model a kind of masculinity that is simply 21st century masculinity. stuart: oh, tell me, please, what is 21st century masculinity? [laughter] we're going to ask that question to will kane who's coming on the show next. muck american women -- ♪ american woman, stay away from me. ♪ american woman, mama, let me
9:13 am
be ♪
9:14 am
9:15 am
9:16 am
9:17 am
stuart: well, you know, this looks like a friday morning rally, doesn't it? we rather like it. dow up 195, nasdaq up 193. this is how we open, i don't know how we close. i say that all the time, but that's a rally. >> last night kamala harris promised to build up the middle class. she called it the defining goal of her presidency. madison alworth with us this morning. all right, madison, wouldn't her plan raise taxes on the middle class? not good. >> reporter: stuart, it would. and that's in part because harris has promised to reverse the trump tax cuts. now, those tax cuts, hay cut the corporation -- they cut the corporate rate from 35% down
9:18 am
to21%, but it also cut individual tax rates as well. harris tried to pin this all on trump saying that he would be the one who would raise taxes on the middle class. take a listen. >> instead of a trump tax hike, we will pass a middle class tax cut that will benefit more than 100 million americans. [cheers and applause] >> reporter: now, that trump tax hike that she's referring to is not really genuine. shesomeingly was referring to -- seemingly was referring to trump's promise to add a tariffs on imports. if implemented, the center for american action fund, a liberal think tank, says it would cost families $4,000. but others have put the estimate much lower than that. trump hit back saying harris' promise to the raise the corporate tax rate would be a greater tax on the american consumer. >> poem know where i stand -- people know where i stand. i lower taxes, she's raising taxes.
9:19 am
she's going to give a tax increase of $4-5 -- 4-55 times what people and companies are paying right now. the country will go into a depression if they do it. >> reporter: critics have also been skeptical of harris' promise to build up the middle class because that group has suffered under biden-harris. since march of 20 to 22, the inflation-adjusted real wealth for middle class households fell by $34,000. but, stuart, harris knew she had to hit on the economy last night because something i hear from voters on the ground all the time is that the economy is their main concern going into november. so her challenge is going to be separating herself from the biden-harris economy because a lot of americans are feeling the pain of inflation. she's going to try to make the argument that it would be different if she was in the president's spot. stuart? stuart: madison, thank you very much, indeed. harris, on several occasions, warned about a trump presidency. listen. >> the consequences of putting bob trump -- donald trump back
9:20 am
in the white house are extremely serious. he was found guilty of fraud by a jury of everyday americans -- [applause] and separately, and separately found liable for committing sexual abuse. and consider, consider what he intends to do if we give him power. stuart: will cain is with us this morning here in new york city. >> morning. stuart: good to see you. does -- will the american people buy that? i call that fear-mongering about trump. is america going to buy it? >> i don't know if america's going to buy that particular line of attack, but my takeaway from last night is i am concerned as someone who is very concerned about what a presidency of kamala harris would do america, i am concerned that what occurred night, there are a good percentage of americans who will buy what she is selling. i think that her bar for success is low.
9:21 am
it is to exceed joe biden. the increased enthusiasm,s to give people an alternative who will not vote for trump someplace they could turn when they could not turn to joe biden. and in that highly manufactured environment of the staged dnc, she's please san, she told nice personal story, she told a lot of lies, and lies take a lot of effort to push back. and i think in turn she created a lot of enthusiasm, and i am a concerned about the effect if right now that she presented last night and how it changes the election for prime minister. stuart: fair enough. here's a good question for you. listen to the media compare masculinity and the dnc to the rnc. >> i mean, what's really been fascinating is to watch the men of the democratic party model a kind of masculinity that is simply 21st century masculinity. >> tim walz being one of them. doug emhoff last night who can speak to men out there who might
9:22 am
not be the sort of testosterone-laden, you know, gun-toting kind of guy who wants to listen to hulk to hogan and the kind -- hulk hogan and the kind of players that a came out at the rnc. [laughter] stuart: that seems to be her version of masculinity, isn't it? what is 21st century masculinity, will? >> it's a loss for the democrats. now, this plays right back into republicans because i don't know many men and i don't think many women, you know what i want? to be less masculine. [laughter] when tim walz comes out on the stage, you're going to have to zoom out this camera. when tim walz comes out out with the double hand wave and the fake prayer and the clutching the heart and the leg kick, that's good. that's real good for donald trump. if. [laughter] if that is not any type of masculinity that i'm familiar with that anybody is aspiring toward. stuart: thanks for your input -- >> doug 'em doug emhoff and tim walz is the new version of
9:23 am
masculinity. you're welcome, republicans. stuart: you've woken the whole show up. >> you can do it. do you know any men who do the double hand a wave above their head? this is not, this is not -- how about this? i never had that coach. [laughter] stuart: thanks very much for being with us, will. you've been working all night, and you come on the show for us. thank you very much, indeed. that's a rally, sports fans. dow's up 190, nasdaq up 197 with just a few minutes to go i'll the opening bell. we'll take you to wall street for that opening bell right after this. ♪ your mind's in disturbia, like the darkness is the light. ♪ am i scaring you tonight? ♪ disturbia ♪
9:24 am
is it possible to be more capable? and more practical? be able to perform here. and here. make a statement while barely making a sound. and command the road, as well as what lies ahead. how we get there matters. get exceptional offers at your local audi dealer. what will you do when the power goes out? power outages can be unpredictable
9:25 am
and inconvenient, but with a generac home standby generator, your life goes on uninterrupted. because when your generac detects a power outage, it automatically powers up, giving your family the security and peace of mind they deserve. we don't have to worry about whether we lose power or not. if the utility company does not come through, our generac does. after the hurricane happened, we just want to be prepared for anything. 8 out of 10 home generators are generac, with thousands of satisfied customers. number one thing to prepare for is extended power outages. don't make it so hard on yourself, have a generac home standby generator. and owning a generator is easier than ever. special financing and low monthly payment options are available, and if you call now, you will also receive a free 5 year warranty valued at over $500. call or go online now to request your free quote.
9:26 am
glp-1 drugs used in weight loss treatments are a global blockbuster, even with unliked and inconvenient injections. more human study results for lexarias patented oral delivery technology are coming soon. lexaria bioscience. meet the jennifers. jen x. jen y.
9:27 am
and jen z. each planning their future through the chase mobile app. jen x is planning a summer in portugal with some help from j.p. morgan wealth plan. let's go whiskers. jen y is working with a banker to budget for her birthday. you only turn 30 once. and jen z? her credit's golden. hello new apartment. three jens getting ahead with chase. solutions that grow with you. one bank for now. for later. for life. chase. make more of what's yours. stuart: on the market this morning with three minutes to go til the opening bell, i see green. dow up 181 points, the nasdaq up 182. that's a rally. mark mahaney join us us. i know you like uber, you've raised your price target to $90 toa share. what's so good about 'em? >> well, let me tell you what's bad about uber or what the biggest investor concern is, which is what's the fate of uber
9:28 am
when you have robotaxis out there. i work in san francisco, and i see these wonderful waymos roaming around the street, is why would anybody want to buy uber? because it's the swig -- biggest investor pushback out there, i think uber is the ultimate demand aggregator. they signed a deal with cruz last might, and i think -- cruise, and i think they have the strength to sign pneumonia numerous of these -- numerous of these deals. i think you're going to want to do a deal with uber, because they're going to give you the best demand for your vehicles. that's why, that that's the number one issue i face. other than that, i think if financials, the fundamentals are extremely strong. there's no slowdown in the consumer at least when it comes to mobility and delivery, and i think valuation is very attractive. it's one of the cheapest stocks if you look at it as on a precash flow basis. stuart: on a long-term basis, you think robotaxis are going to take over? an increasingly large market
9:29 am
share? >> you know, i think this is going to take -- i wrote a report, stu, on robotaxis and autonomous vehicles i think about a eight a years ago, and i predicted it'd be mass marketed in five years. so like a lot of people, i was way too early on this edge. it's here, it's coming. it's going to take a long time to really get adopted. it's only in four cities in the u.s. and only in part of those cities. t going to take a long time. but i think we'll have hybrid networks for quite only time, and i think most -- quite some time. and i think most people are not going to care. they're going to look for price and convenience, and whether there's a driver in the car or not, they're feel going to focus on how much is it going to cost me to get to the airport and how soon can they pick me up. and i think one of the solutions is going to be robotaxis, but plenty of people may choose other options. i think it'll be one of the solutions, and we'll have a high hybrid network. stuart: quickly to duolingo, i don't understand why this is so
9:30 am
popular, and you see it going to, what is it, $270, i think? >> yeah, i'm going to go out on a limb here. it's rare you see a small cap company, less than 10 billion in market cap, really go into large cap territory, 20, 50 billion. i think this is the best positioned of the small cap companies i look at to do so. so i think it's a very large tam, i think the total addressable market, has a single-digit percent share of that. it's a very good product, good management team and the business model, i think, is very attractive. i like duolingo. stuart: okay, we'll take it. mark mahaney, thanks very much, indeed. s it is precisely 9:9 30 eastern time. he presses the button k and away we go. trading has a begun. we're expecting a move to the upside for the dow industrials, we're up 178 in the very early going, and the vast majority of all the dow 30 stocks, they are in the green. it's a rally for the dow in the very early going. the s&p 500 also on the upside
9:31 am
to the tune of .6%. not a bad gain, 34 points higher. as for the nasdaq, i'm looking for a strong gain there as well, up .88%, 17,773 on the nasdaq composite. you've got to show me big tech. i presume they're all higher this morning. yes, they are. alphabet, amazon, meta, apple, microsoft all on the upside. let's go to nvidia. the ceo has been selling $14 million worth of stock every day for the last few months. why east he doing that? lauren: not sure. stuart: he's got it, he can do it. lauren: it add as up to more than a quarter billion dollars. it's all perfectly legal, it is the all december closed. jensen huang is worth $11 1 1111 being, so what's -- 111 billion, so what do you know about nvidia that you're not telling us? how delayed is blackwell, the newest a.i. chip, is there a fundamental problem with it?
9:32 am
maybe not. we'll find out on wednesday when they report earnings, but it leads to that speculation, that negativity on wall street. if it could also be very simple. he doesn't want all of his eggs in one basket in his company, nvidia. [laughter] i think in the end this is a nothing burger. she he still has more than a 3.55% stake in his -- stuart further his net worth must have gone up by about $1000 billion in about a $100 tobillion in 18 months. lauren: probably. when you're that rich, do you think you count? stuart: i don't know. i'd like to see how it is. lauren: must be nice. >> can you get that rich without counting? lauren: true. he always a wears that a black leather jacket. i mean, i feel like i'd want closets of black lert jackets -- [laughter] stuart: we have got to move on. have a look at google. heavy got a big a.i. project. any developments? lauren: yeah. so they're rehiring a former, one of their top engineers and
9:33 am
researchers when used to head -- who used to head those projects at google who went to another company called character a.i. because he was frustrated with the bureaucracy at google. so they hired him back to bring his talents and all these -- that he created to do so at google. stuart: that's what's making the stock go up just a little this morning. all right. another executive has a left tesla. there have been a series of executive out the doors. lauren: yeah. stuart: who is it and how important is this person? lauren: this is what it's like to work for elon musk. i mean, things are always a changing. this person is -- [inaudible] did my best there, an 11-year veteran of the company, she was the head of the finance operation. she played a major role in building up the factories, ramping up their energy business. look, she doesn't say why, she says she's spending more time with family. however, last year the cfo left. recently, the head of public policy left, then the head of
9:34 am
superchargers left is and went to work for uber. is so sometimes this is keyal lent, and they're going can -- talent, and they're going to work for competitors. musk is demanding as an executive. he is erratic, which we've seen, and he keeps shifting what tesla is. it's a robotaxi company now, a robot ecs company, an a.i. company. it's many things. it's hard to keep up. maybe there's some sense of frustration work for him, and he also cuts cost. stuart: i'm a great admirer of elon musk, but i wouldn't want the work for him. >> i've realize walter isaacson's book, and he paints a picture, it's very, very difficult to work for elon musk. lauren: he's a genius. stuart: general motors and uber have announced a new partnership. this is about driverless cars. lauren: would you get in one, and would you pay for your ride? uber's ceo thinks people trust uber to try autonomy.
9:35 am
uber has been offering autonomous rides actually thruway mow which is a google company -- through waymo. its fleet in three cities books 100,000 the trips per week, 100,000 paid trips per week. that's pretty good. so can general motors' cruise unit do the same thing if it is on the uber platform? cruise is still banned on california roads because of that the issue with the pedestrian last year, so we'll see. it's available next we're where -- next year. stuart: i just can't see it anytime soon as a mainstream idea. i'm not going to jump into a robotaxi on sixth avenue in new york city. lauren: i think the answer is you're wrong -- [laughter] i think it's far away, i think this'll happen in the distant future. >> i've never been a first if tonight doer for technology, but i imagine it's going to take one trip, stuart. you and i are going to get in there and go, not bad, and then it's the new business model. lauren: mark mahaney said if
9:36 am
it's cheaper, you might do it. stuart: all right, or then i can do it. next case is workday. i know something about that one. big gain this morning. whoa, 12%. that's a big gainful. lauren: yes. double beat, they announced a $1 billion buyback. they raised their margin outlook through 2027, and the read for investors is this is a company, they sell software for human resources or, for payroll. they're focused on profitability, and part of that focus means they are willing another the things that are not popular like job cuts. moving to technology to drive efficiencies. stuart: now it's up 13%. see what you did to the market? that's pretty good, i'd say. all right, let's have a look at this rally. it is continuing. dow's up 23232 -- 222 points. dow winners, we've got a list for you. topping that list we have -- [laughter] show me, please, then i'll tell ya. oh, there you go. intel, just above $20 the a share. how about that? sales forest, dow, goldman,
9:37 am
cisco. s&p 500 winners, who are they? headed by ross stores. december counter, i think. lauren: yeah. solid report card. stuart: moderna. they've got new vaccines, i think, but what -- who's going to take them? caesars, enphase energy. nasdaq composite, workday, ross stores, moderna, the tesla, marvell technology. here's what we have on the show this friday, kamala harris touting her expertise on the border. >> after decades in law enforcement, i know the importance of safety and security especially at our border. stuart: okay. we'll have florida congressman carlos gimenez. he's going to have something to say about that, for sure. gavin newsom blaming trump for putting america on the wrong track. >> last three and a half years have been difficult. >> that's a biden-harris administration finish. >> the trump administering, covid, i mean, the challenges -- stuart: is he forgetting that biden and harris have been in
9:38 am
charge for three and a half years? steve hilton's going to be here. michigan governor gretchen whitmer pitting trump's social class against him. >> she's lived a life like ours. she knows us. his first word was probably chauffer. [laughter] stuart: good line. is that something voters care about a, social class? karine that a jar will cuts it, she's next. ♪ ♪ daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing?
9:39 am
dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪) wow... are you kidding me? you can do this. at truist, we believe the same is true for banking. at the tunnel to towers we made a commitment that commitment is to make sure, that the word homeless and the word veteran are never in the same sentence again. we're in bradenton right now because tunnel to towers has decided help homeless veterans who want to get out of homelessness, get into a better part of their life, it's a great partnership between the tunnel to towers and manatee county, to be able to provide housing for the veterans that need it most, not shelters, homes. it's not just a place to sleep
9:40 am
it's actually wrap around services and that's what is so impressive. as someone who fought on the forward edge of freedom these are my people. these are my brothers, my sisters, the people we fought beside one of the hallmarks of military service is the only people behind it that sticks with me. i know that every veteran who raised their right hand and swore to support and defend our constitution against all enemies, foreign and domestic. we have things that we carry inside of us, what tunnel to towers is doing with this village is helping veterans that have mental health issues needs. we have veterans that suffer every day. and so to have this facility to service our veterans that are in so need it just the pride is just exploding. we want to make sure that when our veterans are coming home, that they're coming home to something that actually feels personalized and homey for them. that's a home. that's a home with dignity and walls and air conditioning. it's beautiful. i was able to walk through one of the comfort homes today. that moved my heart. i'm just telling you it did when i walked in. and it'll help the heart of that veteran. that's what's important.
9:41 am
the care and the give and the love that tunnel to towers has for our veterans is amazing. the people that donate to tunnel to towers, they are amazing. that eleven dollars is changing your life because your giving and it's changing somebody else's to do it. it just an honor to be involved with it. this is all that is good in america. and i am incredibly proud to stand with them. they matter. they save lives. you should support them. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or
9:42 am
keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. stuart: the rally continues. we're, what, 12 minutes into the trading session on a friday morning. dow's up 217 points, nasdaq up 155. excuse me. today at an event in phoenix rf
9:43 am
if k jr. is expected to drop his bid for the white house. he will reportedly endorse trump. give jenkins with me now. what do we know so far, griff? >> reporter: hey, stu, good morning. we could be in for quite the newsworthy afternoon. kennedy's addressing the nation from arizona not par from where trump will be, and kennedy has waged a strong independent campaign. remember, he polled at 10% at one point, stu, nearly made the debate stage, but his campaign is now mired in lawsuits and running short on, cash, and there are signs it's drawing to the close. arizona's secretary of state tweeting paperwork late yesterday of rfk jr.'s campaign withdrawing from the ballot there. now, this comes as rumors run wild he's dropping out entirely and could join forces with trump who welcomed the prospect. >> identify had a great -- i've a had a great relationship with him over the years. i respect him, he respects me. i have no idea if he's going to
9:44 am
endorse me. i know he's got a news conference, we happen to be in the same state. >> reporter: the two have been talking privately, he could find potentially a role in a future trump administration. meanwhile, kennedy's running mate, nicole shanahan, who's been blasting the democrat party, ghei us quite the teaser of what may come today speaking with dr. drew this week. >> i think that the friday is going to be one of the biggest events in american election history. >> reporter: that's quite the tease, stu. but it also comes as the trump campaign teased in a saw statement today that trump will be joined at his rally by, quote, a special guest. unclear who that person is. [laughter] stu? stuart: keep 'em guessing. griff jenkins, thank you very much. carine hajjar is with us the morning, boston globe editorial board. >> that's right. good to the see you. stuart: who gets rfk jr.'s votes?
9:45 am
do they go to trump? >> my guess is that most of them eau would go to trump, and that's because polling at least before kamala became the democratic nomineing, show showed -- nominee, polling showed voters were closer to trump than biden. they both fashion themselves as alternatives to political ea elites on the left. stuart: could make a difference especially in battleground swing states where the it's a very marrow election at this point. just a couple of thousand votes go to trump, and he wins. >> absolutely, yeah. it could make a huge difference. and i think in the latest washington post poll you have harris at 47, trump at 44 and rfk at 5%, so that 5% could make a really big difference. but certainly in swing states as they are getting narrower and narrower as a harris' candidacy continues. stuart: i wonder who that special guest is going to be. >> i want to be surprised. stuart: i want you to listen to michigan governor gretchen
9:46 am
whitmer going after trump the on his wealth. roll it. >> she's lived a life like ours. if she knows -- she knows us. donald trump doesn't know you at all. you think he understands that when your car breaks down, you can't get to work? no. his first word was probably chauffer. stuart: all right. i'm from england where social class makes an enormous difference in every election. can does social class make any difference in america today? >> well, it's certainly a punching bag that the left is using now, but that clip is funny because think about the people who were on that stage. you had pink, kerry washington, you had famous rappers and actresses all throughout the week showing up at the dnc. so if we want to talk social class, it's got to go both ways. but funny enough, i've been focusing a lot of my reporting on young men as a voter bloc, and a lot of them report to be aligned with trump economically,
9:47 am
but one of the reasons they're gravitating toward him is that they identify with his sense of success. so it really just depends on how you looking at social class. -- you're looking at social class. stuart: do they relate to his masculinity? we've been discussing that. >> yeah. masculinity's a big issue. young, male voters report feeling alienated by woke culture specifically, and i say that because their polling answers on social issues like transgender policy are closer to the trump than they are to the left. and republicans are picking up young male voters too. stuart: carine hajjar, thanks for joining us morning. >> thanks for having me. stuart: lauren, there were reports of a, quote, special guest attending the convention. it didn't happen. lauren: i really thought it was, i really did. cnn says kamala harris wanted to be the star of her own show. >> for all of the talk and anticipation here and else where that there may be a special guest, i am told by democrats
9:48 am
that kamala harris was their guest. they did not want a celebrity at the end of this convention to essentially compete with her. lauren: oprah winfrey, the obamas, there were many people competing with kamala harris. anyway, we'll see if any of those rumored performers, specifically taylor swift and beyonce, now formally endorse -- stuart: i don't think they should get involved do -- lauren: but she has several times. stuart: will cain. if beyonce or taylor swift had appeared, would it have made any difference to the convention, and are they disappointed that they didn't appear? >> celebrity pop culture has a diminishing influence on politics. 20 years ago a, the answer would have been an obvious yes. i don't think it's the same answer for beyonce and taylor swift. taylor swift, yes, still very powerful. she is the epitome of pop culture. i'm going to tie into something you were just talking about, donald trump's wealth and social class. i think americans care about
9:49 am
authenticity versus phoniness. donald trump has awe authentically owned his success talking about his wealth. st a virtue in donald trump's life. it's not so much a virtue when michelle obama gets on the stage saying i group up hearing people shouldn't take more than hay make and then she has home in martha's vineyard. that's phony. how do i sigh -- tie that in? if selling all day that beyonce's going to show up and then not delivering is phony. that's a bait and switch. you're a business channel, that's fraud. stuart: bait and switch, very good. will cain, you're all right. next, pro-hamas protesters confronting dnc attendees as they left the convention, getting in their faces asking, hey, do you like killing children? a protest organizer says they feel like the chem the can accurates have taken them for granted, and they'll continue to disrupt. a full report coming up on that next.
9:50 am
why do couples choose a sleep number smart bed? i need it a little cool and i need it a lot of cool. we're both cool like that. sleep number does that. actively cools and warms on each side. the queen sleep number c2 smart bed is only $999. plus get free delivery when you add any base. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting.
9:51 am
but, if you're looking for the potential for consistent income that's federally tax-free. now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least $10,000 to invest, call and talk with one of our bond specialists at 1-800-763-2763. we'll send you our exclusive bond guide, free with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763.
9:52 am
9:53 am
stuart: the protests at the democrat convention were more tepid than expected. garrett tenney is in chicago, but i want you to tell us, garrett, when it was like on the final night. >> reporter: yeah. well, stu, the largest crowd we saw a last unite was around 15000 people, and there weren't any issues with the initial group, but when they broke up is
9:54 am
when we started to see problems, and that started as soon as the balloons were dropping. as delegates were leaving the united or certain, a small crowd of pro-palestinian demonstrators were waiting for them and berated them, even getting in some of their faces to shout things like do you like killing children, because that's what you're voting for. while others chanted, shame on you. >> the whole world is watching, the whole world will continue to watch today. they're going to continue to watch for three more months. and if the democrats and kamala harris don't do something or say something different, they're going to lose. >> reporter: yeah. later on a small crowd of anti-israeli activists zeroeded many on delegates at an after-party where they were met with a heavy police presence and got into a few minor scuffles with police. least one person was arrested. monday the crowd broke through that a security fence along the
9:55 am
perimeter outside the united center. last might on the final night of the dnc, police were in the taking any chances, heavy police presence there. officers wearing riot gear to prevent a repeat of that happening. now, later this morning we're going to be getting an update from chicago police on last night's protests as well as for the rest of the week and arrest numbers. and police are receiving a lot of praise for how well they have handled this entire week really. no mass cases of violence or disruption across the city, and that was a real concern given some of the history we've had of protests here in chicago. stu? stuart: garrett tenney, thanks very much, indeed. quick check of the markets, still in rally mode. dow up 1800 points as we speak and the -- 180 points. plenty of green. will cain, thank you very much for joining us for the hour. >> glad to be here. stuart: all the work you do. >> inspired a rally and everything. stuart: what a guy. hanks very much, will. still ahead, the media continues to gush over kamala
9:56 am
harris, but will they ever do some fact checking? tammy bruce will be here. florida congressman carlos gimenez is here to react to harris touting her border policy expertise. steve hilton says the amount of shameless lying and gaslighting in harris' speech is shocking. those are his words, by the way. he's here in the 11:00 hour. hunter biden still facing a criminal trial on tack evasion and fraud charges but do voters care with president biden on the way out? miranda devine on that. the 10:00 hour is next. ♪ i'm just a cheeseburger in paradise ♪ .. you turn.
9:57 am
do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. moving forward with node-positive breast cancer. my fear of recurrence could've held me back. but i'm staying focused. and doing more to prevent recurrence. verzenio is specifically for hr-positive, her2-negative, node-positive early breast cancer with a high chance of returning, as determined by your doctor when added to hormone therapy. verzenio reduces the risk of recurrence versus hormone therapy alone. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an antidiarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death.
9:58 am
life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are nursing, pregnant, or plan to be. i'm focusing on what counts. talk to your doctor about reducing your risk. ♪
9:59 am
10:00 am
♪ i'm so tired i don't know what to do ♪ stuart: not getting much sleep recently. a lovely song. there is 6th ave. in manhattan on a lovely summer day. it is 10:00 eastern. before we get the news from th

30 Views

info Stream Only

Uploaded by TV Archive on