maria: all right, 30 minutes before the opening bell, a market that is in rally mode here. final thought, mark tepper. >> well, the economy grew better than expected, and obviously, investors are expecting that. maria: todd piro. >> pay attention to the debates, tonight's interview can be edited. manufacture more "varney & company" takes it up now, stu, take it away. stuart: it's the day after. nvidia's report late wednesday. the reaction thursday morning, maybe their earnings failed to live up to the extreme hype. the stock is down. revenue was up 120%, and the ceo says demand for chips is, quote,

incredible. apparently, that's not good enough. the stock is down $4, that would be 3. 3. we're going to to follow it all day long. expect volatility. big gain for the dow, looking at new record highs odd. the economic growth revised higher from 2.8 to 3 percent. the market like it. the dow up well over 250 points, s&p up 15, and the nasdaq, despite nvidia, is up 55 points. if let's get to politics. this is kamala harris' big day. she and her running mate are taping an interview with cnn which will be broadcast tonight. heavy criticism. the "wall street journal" calls tim walz her interview crutch. how will she explain if her flip-flops on countless issues? her campaign is playing defense. she is not appealer alone, and the -- appearing alone. trump takes to the road today. he will be in michigan and wisconsin. the trump-vance team is dealing

with vance telling harris to go to hell. and new fox polls show harris with a very slight lead in arizona, georgia and nevada, trump leads in north carolina by just 1 point. on the show today, the houthis set a tanker on fire in the if red sea. it carries 1 million barrels of oil, and it's leaking, risking a spill four times larger than the exxon valdez. where are the environmentalists? not a word. vital shipping lanes disrupted. where is the president? answer, he's on the beach on vacation for the second week. thursday, august 292th, 2024, "varney & company" is about to to begin. ♪ if ♪ ♪ ♪ ♪ all the riches, baby, won't mean anything. ♪ all the riches, baby ♪ stuart: all the riches, baby,

don't mean anything. is that a reference to nvidia? making tons and tons of money and the stock is down? kind of a stretch, i'd say. anyway, let's get started with the big market news of the day which is, of course, nvidia. their report came in really strong. massive profit, big stock buyback, but the stock is lower this morning. look who's here in new york city, we enticed him to the big apple, ray wang is with us. why is the stock down? >> because the expectations didn't overshoot their performance. so investors were actually looking for a bigger beat on the numbers, and at this point it's a little ridiculous in terms of that beat. but also to dispel the rumors on blackwell, what nvidia did was say this chip is actually going to be on time, but that wasn't enough because people are waiting to see is it a tsmc issue or an nvidia issue. as you can see, the stock is back up from where it was the in the evening. stuart: i wouldn't be surprise, and this is me talking now, to

see nvidia hit new highs relatively soon. how about you? >> oh, i completely agree finish the stuart. stuart: you own to it, right? >> everyone took the news as a shock, and i think other people are going to jump in. the big challenge is there the other chip manufacturers feel the benefit from this, and the short answer is no because nvidia has a 24-month lead. stuart: but you would not be surprised at nvidia bouncing off this dip and going higher. >> yes, i would not be surprise surprised at all. stuart: openai is in talks to raise billions of dollars. here's what i want to know about, investors are looking at search gpt being integrated into chatgpt. i do not understand this, but i believest it's a big deal. >> the way you look at search today is antiquated and your seeing with openai they're able to make search more conversational. and we're going to see that integrated in new search results, and that's what people

are doing to go after google, a way to displace google in terms of domination in the search business and ad revenues behind that. the reason openai is valued at $100 million, it's going to be one of the only ones that survives, loms -- stuart: lom? >> large language mold. the challenge is this, there's -- large language model. we're going to get to the a point where all you'll have is capital one offers, taylor swift and maybe nvidia, and there'll be nothing left for information, and they're going to have to start building deals to find information sources. stuart: is it a big challenge to google? >>s. stuart: is microsoft if involved in the $so 100 billion valuation of openai? >> they are. stuart: okay. so they're still in the game. very much so. ray, please stay there. i need help on this, okay? thanks for being with us. let's get to politics. new fox polls on the matchup

between trump and harris in four key battleground states. what do we have, lauren? if. lauren: the sun belt. harris has mostly raced trump's lead. she's up 1 point in arizona, up 2 points in georgia and nevada. trump is up 1 point in north carolina as you can see there. this was taken after the dnc and after a kennedy dropped out and endorsed trump. bottom line, sun belt in play. harris has opened up pathway to victory beyond the blue wall. she's gaining support with blacks, hispanics, younger voters. there are two points in this fox polling that completely fascinated me. longtime residents in these four states still back trump by 1 point. but harris is up 8 with new residents, folks fleeing these high tax states bring their politics with them. i think you can say that here. stuart: that's fascinating. lauren: and the second point is sun belt voters view her as the change candidate. the obama, if you will. she's part of the past four

years. i don't -- that parallel makes no sense to me. she's the vice president of the country. stuart: we'll see how it turn thes how. is she a change from biden at this point? that's fascinating about the newcomers of those states bringing their pom -- politics with them. ben domenech is with me now. trump's a little behind now. how does he catch up? >> well, stuart, i think that one of the big issues here has been ever since the shift away from joe biden the kamala harris, i think that the trump-vance ticket has struggled a little bit to deal with that curveball, and the fact is that they need to be very focused and disciplined in terms of messaging on the issues that matter the most to voters; namely, the economy, immigration, security at home and abroad. and i think the more that they're distracted by the kind of issues that, frankly, the democrats spent most of their convention talking about -- culture war issues that they would like to be the running on -- the more that i think they're going to lose that ground with some of these key

constituencies. i will though say, stuart, i have expressed skepticism in the past about some of the fox polling choices. if you look down at the way that they frame the different states that are involved here in terms of statewide candidates, they have kari lake, for instance, losing by almost 15 points in arizona. i do believe that that a kari lake is losing in a arizona right now, but i don't believe she's losing by 15. so i think that the simple fact is this is one poll, it's a snapshot, it's coming at the end of august, and it still is a significant amount of time for the trump-vance ticket to turn things around. stuart: all right. let's get on to the interview situation tonight. i want you to listen to the what one cnn pundit had to say about, harris and walz. auce to show up with your running mate. the fact that they don't have enough confidence in her tsit hp of the ticket, and do a single

interview -- stuart: whoa. that guy's on cnn. is he still -- does he still have a job, that's my question. [laughter] that's not a good look for harris though, is it? >> no, it's not. scott jennings wages a lonely battle over at cnn, and i wish more power to them. but i do agree that this is a crutch. this is not a seen of strength. look, this wouldn't be happening if harris was mistaking herself regularly -- making herself regularly available to the media. if she'd done half a dozen interviews, no one would care. but the fact is she has completely would herself off from the media, and we all know why. she has a history of gaffes, having embarrassing moments, and we'll see if that is a repeat tonight or if she uses walz, essentially, to run interference for her. stuart: it's a unique situation in american politics. less than 10 weeks to go to the presidential election of enormous importance, and only now is harris sitting down for a

joint interview with the press. >> we still don't even know what she thinks about a dozen hugely important issueses and whether -- why she changed her mind in so many of these, stuart. it's ridiculous. stuart: i guarantee, i will watch cnn tonight at 9 p.m. eastern. ben, i'm sure you will too. >> i have to. [laughter] stuart: yeah, you have to. all right. the supreme court says it will not reinstate biden's student loan plan. interesting. so what happens next? lauren: i have no idea, and i don't think the 8 million americans that signed up for this plan know what's going to happen, so they remain in limbo. this is the save plan. it lifted the income levels for lower repayments every month, and it quickened the path to loan forgiveness. it's part of the biden-harris administration's piece meal approach to forgiving student debt. the court keeps striking it down. now the court rebuffed the latest white house plea for this. so i'm just going to give you

the legal language so i get this correct. they denied an emergency request filed by the administration seeking to lift a nationwide injunction imposed by an appeals court. so this is going in and out of the courts. republican state attorneys general keep suing to block it. who knows. stuart: and nothing happens, because the biden administration keeps on doing it. the supreme court says no, they keep doing it. lauren: a little here, a little there because it's popular. and if you're saddled with student debt, yeah, i want it. stuart: that's how you defend democracy, you defy the supreme court. it's as simple at that -- as that. take a look at this. kamala harris' campaign. this is the how she's dealing or she mile deal with questions about her fracking about face. >> do you know why she's changed her positioning? >> she's proud of the work that she's done. >> but on fracking, was there something that changed -- >> no, listen, again, the vice president is very proud. stuart: no answer to that that question with. they're dodging the conversation entirely. lisa boothe is going to be with us shortly to take that on. spotted working on his tan,

president biden, meanwhile, a potential environmental disaster is brewing in the red sea following an attack on an oil tanker by iranian proxies. shouldn't biden be doing something? florida congressman michael waltz next. muck all my loving, i will send to to you. ♪ all my loving, darling, i'll be true ♪

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stuart: all right. about 14 minutes til the opening bell, and i see some green on the screen. dow's up 2800 points, about two-thirds of 1. 208 -- 280 points. the nasdaq 77 points higher. quickly, check nvidia. stock of the day, the month, the

year, call it what you like. it's down but not as much as earlier, you're off 2.9% right now. 121 on nvidia. the white house is planning a call between president biden and china's xi jinping. peter doocy at the white house. when is this phone call, and what will they discuss, peter? >> reporter: at some point in the next couple months. these things always have a huge lead time. and, stu, it might not look like it based on the video of the president over the last couple days, but there is still a biden administration in place, and there are people that work here trying to work with international partners including jake sullivan, the national security adviser, who is in china right now. >> our aim in every engagement with china so to deliver for the american people. under president biden's leadership, the united states has and will continue to advance its interests and values, look out for its friends. and as we do, we believe that competition with china does not have to lead to conflict or confrontation.

the key is responsible management through diplomacy. >> reporter: sullivan made some news early saying that both biden and xi will be at the big international summits at the end of this year, apec in peru. it's been unclear president biden was still going to do stuff like that now that he's on the way out, but some lawmakers hope he used this opportunity to make some more progress on china's most deadly export, fentanyl components. >> whatever jake sullivan's doing over there, i hope it works because fentanyl is the leading killer of our young people in this country age 18 to 45. and as you point out, it is directly a result of the open border policies this administration has had. and, yeah, we're going to get more of the same from harris. so we ought to be very concerned about this. if. >> reporter: president biden has talked so much for so long about how he knows china's xi better than any other world leader, all the thousands of miles heavy traveled together. vice president -- they've traveled together.

vice president harris does not have the same relationship, so we don't know much about her china policy. then again, we don't know much about any of her policies right now. stu? stuart: very true. peter doocy, thank you. a tank ther the carrying one million barrels of oil is on fire in the red sea. it was attacked by houthis, iranian proxies. it's leaking threatening an oil spill four times bigger than the exxon valdez spill. congressman mike waltz, republican from florida, joins me now. the the president's on the beach. why is he not taking on iran? >> well, he's checked out, stu. and, you know, we're all here asking who's in charge. our adversaries are clearly seeing nobody's in charge. harris is, you know, running around donnelling the media. -- dodging the media. and i get, you know, i guess it would be blinken and sullivan, but, you know, let me translate sullivan's words in beijing for you. we are desperate to find whatever concession we can to

keep china, taiwan and that area quiet while we deal with the fiasco in the middle east. i mean, that's essentially what he's doing over in asia. and, look, in the middle east we've had to the move all of our ships out of the red sea to sit them off the coast of iran in the hopes that iran doesn't attack israel again. stu, i mean, just some numbers, some facts here. 30% of global shipping nows through the red sea. 80% has been diverted. freight costs have doubled if not tripled, and meanwhile, egypt is completely reliant on fees flowing through the suez canal. this could destabilize egypt as well. and this all goes back to a feckless, conciliatory iran policy. and yet iran's trying to pull us back into negotiations again which i think this administration absolutely would

do. it has just been bad decision after bad decision, and the middle east is an absolute mess because of it. stuart: got it. next case. there is a dispute about trump's visit to arlington cemetery. his staff took pictures, heir not supposed to do that. the media making a very big deal about it. meanwhile, vance had this to say about harris. >> to have those 13 american lose their lives and not fire a single person is disgraceful. kamala harris is disgraceful. we're going to the talk about a story out of those 13 brave, innocent americans who lost their lives, it's that kamala harris is so asleep at the wheel that she won't even do an investigation into what happened. and she wants to yell at a donald trump because he showed up? she can, she can go to hell. stuart: there's a big deal made over trump taking pictures at arlington cemetery, vance says harris can go to the hell. what do you make of all of this? >> stu, let me push back a little bit on the they weren't

supposed to the take pictures. i've been going to arlington two section of 0 -- 60 where i have green berets buried to visit those tombstones, we take photos every time. we take a group photo with all of my green berets there. this was, apparently, some rule buried somewhere that was selectively brought up. and because president trump had such a special moment with these families, it is galling to me, it truly is. i agree with j.d. vance is. to have the harris campaign even say a word when they couldn't bother to say a word the entire democrat national convention, they haven't bothered for four years to say these families' names, to even place a phone call to them, much less have a meeting with them and actually answer their questions or have accountability. and the thing the president promised again on monday was not only accountability, full transparency. when he's back in the office, he'll released all the videos,

all the tapes. those families invited him there, it was they were thrilled, and it was a very moving, special moment, and shame on them for trying the ruin it for political purposes. stuart: congressman, thank you very much for straightening that out. congressman waltz, thank you. >> thank you. stuart the fbi confirmed that the trump shooter researched events for both political parties, but he saw the trump rally as a, quote, a target of opportunity. but there's still no motive. lauren: no, no motive. but the fbi did review five years of the shooter's, thomas matthew crooks', online history and they found a sustained, detailed effort to plan an attack on some event meaning he looked at number of -- the any number of events or targets, and when this event was announced, he became hyperfocused on that specific event and looked at it as a target of opportunity, end quote. beginning late last year, crooks began researching trump's campaign schedule and then president biden's. and the month before the

shooting, in june, he had more than 60 searches related to both trump and biden. then the july 13th trump rally in butler, pennsylvania, popped up, and that presented an opportunity for him. but, yeah, weird. no motive. stuart: thanks, lauren. check futures, please. the market opens in seven and a half minutes' time. we've got green on the screen. the opening bell is next. ♪ ♪ choose advil liqui-gels for faster, stronger and longer-lasting relief than tylenol rapid release gels. because advil targets pain at the source of inflammation. so for faster pain relief, advil the pain away.

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we always had dogs, they're like my best buddies. yep, had them my whole life. c'mon bo! so we got him and he is a, an absolute joy. daddy's puppy. once we got on the farmer's dog

he just attacks it, it's incredible. they're so tuned into you and they have such, such personality. being without a dog, i don't know, can't imagine it. [laughter] stuart: all right, the dow's up maybe 270 points at the opening bell. don't know how it closes. the nasdaq up maybe 59 points despite what's happening with nvidia. d.r. barton joins us now. that's what i want to talk about, nvidia. when the numbers came out, 4:00 eastern yesterday, the stock came down as much as 8, 8.5%. now it's down 3.449%. it's still in dip mode. are you buying the dip? >> i'm liking the dip, stuart. i think we'll get a little bit more dip at some time in the next month. i already is have some. we've been recommending it as you well mow since february of 20 the -- know sense february of 2023.

so i'm not real quick to buy a lot more. but i think we'll get a little bit more dip just due to volatility. stuart: okay. >> yesterday was crazy after market, stuart. we talked about the options traders. they were poising in a 10% -- pricing in a 10 president move, plus or minus, after hours and, indeed, we got almost that. and this thing is going to give us lots of opportunity, lots more upside through the next year -- stuart: but not buying today. >> 22 percent went on sale, come on, that's great. stuart: talk to me about microsoft. they're back to $414 a share from a high of 470, something like that that. that's a dip. you buying it? >> that dip i am buying, stuart, and i like it a lot. we've talked about, you and ray are is have already talked about this morning that $100 tobillion valuation for openai. microsoft's got a big chunk in that, and they're invested

heavily in that. that technology the as a well as all the other execution things they continue to do well are going to propel them forward. i like microsoft on every dip. stuart: okay. go for this one, micron. also in dip mode, or they have been. they're up today. did you buy any or are you going to buy any? >> am buying micron today, stuart. they are, they are the really in bigtime dip mode. and i think from a technical, on the chart perspective, we're right down near where they are going to bounce again. i like their cycles, i like where they are, i'm buying. stuart: he's buying microsoft and micron but not nvidia today. all right, d.r., we'll talk to you later. he presses the button, the market is open and we are off and running. look at that dow go. right from the get go the dow up 277 points. every single 1 of the dow 30 stocks is in the if green. every single one of them going up. well, i tell a lie.

walmart is down 19 cents, right down at the bottom right-hand corner, and the dow at this moment is up 284 points. the s&p 500 also opening higher, about a quarter percent higher, 15 points. show me the nasdaq. despite nvidia, that is up a quarter percent, 49 points higher, 17,6 is your level. now show me big tech. i presume that that all of them, except nvidia, are on the upside it's not on that particular list, but apple, amazon, microsoft, alphabet, meta all in the green. now let's check nvidia. right from the get go you're down 4.5%. i expect some volatility today. we're going to get more on nvidia in just a moment, but it's opened 4% lower. then we have apple, ordering an extra 10% supply of iphone 16 ahead of their big event in september. lauren: yep. stuart: why are they doing that? lauren: they're psyched about a.i., and they think we are going to be too. this is a report in asia with,

apple ordered 10% more iphones than last year, they told suppliers prepare if 90 million phones. they think the iphone 16, they point ins on the 9th of september, they think it's going to be a hit. and, yes, that device handle a.i. when they launch apple intelligence. stuart: ray wang's still with me. what's your target price on apple? >> 180 -- 10, sorry. actually, more than that, 205. we have a super cycle of 2400 million iphones on 5g but now another one for a.i., and that's what people are excited about. stuart: that's fascinating. more tech earnings. salesforce. i'm pretty sure they had a good report because they're up $10. lauren: it's a dow stock. business relations software. a beat and a raise. good quarter with good commentary. they're getting more revenue per user thanks to higher priced artificial products. and i wanted to bring this up, and i'm sorry to do this to you, stuart -- stuart: what have i done? lauren: the ceo of salesforce,

marc benioff, has slammed microsoft. he says co-pilot is largely inaccurate and misleads customers. stuart: ooh. lauren: he used this opportunity to tease their own a.i. sales agent that goes beyond chat bots to resolve customer inquiries. i'm sorry, i'm just not at the point yet where i can resolve a problem with a computer. i'm always representative, human being, 0, 0, 0 -- [laughter] stuart: you know marc benioff, don't you? if. >> i do. stuart: almost permly? -- personally? >> i do. stuart: why is he picking a fight with my precious microsoft here? [laughter] >> well, they've been rivals for quite some time, and what's been going on in this a. a.i. battle, they've got agent force that they're rolling out, basically their answer to all the chatgpts and all the openai competition and co-pilots. and what they've got is a bigger ecosystem around what they're going to do for a.i. and a.i. advisers. stuart: you're buying

salesforce? i think you own it already. >> i do. stuart: it's going higher? >> i think so. they've had a good forecast, good earn, and on the back end, transition of their cfo. stuart: moving on. cybersecurity company crowdstrike. they reported. any impact from the big outage? lauren: can we call it muted? we don't know the true cost of that out outage because there's a lag. threats say their customers, and network really mad at crowdstrike, they need time to find another security provider. so crowdstrike is setting aside $60 million for that a power outage. 60 million. delta claims its losses were $500 million. they're planning to sue. so is travelers and so have the customers, so 60 million is very low. in the end, call the quarter better than feared. stock's up 4%. sue stouter yeah, you can just cycle that out for a long time to come in court. keep them off your back, and when you finally get a number, the stock goes up. am i right or am i right? >> oh, no, you're right.

[laughter] stuart: there you go. affirm, the buy now, pay later people -- lauren: whoa! stuart: 25%? lauren: they're still losing men. they dramatically narrowed their quarterly loss. i'll give you the numbers, they lost $45 million, that was down from $200 million. revenue way up, 48%, and they're targeting profitability at the end of next year. i think the bottom line here might be consumption is falling. we're buying less. maybe we're using bay now, pay -- buy now, pay later less, maybe more, but rates are coming down, so they're kind of in a sweet spot. stuart: what would ray wang care about a buy now, pay later company? >> consumers are basically capped, so it's you take an amazon or e-commerce players, their starting to this bnpl model -- stuart: bn -- >> buy now, pay later. stuart tawrt moving on. start with dollar general because i think they're falling out of bed.

yes, or they are. what happened? lauren: cratering. their core customer is pinched. traffic up, people are going into the dollar stores because they want to save a buck, but their receipts are down. we're spending less. you go in and you buy the soap. you don't buy the knickknacks. the ceo said, and i'm quoting, their custer -- customer's financially constrained. they're cutting their outlook for the year. stuart: best buy. lauren: the opposite, beat and a rah raise. up 14%, $100 a share here. here's the keel, customers -- the deal, customers want sales and discounts and promotions but we're willing to upgrade our devices and spend money to do that when we think the technology is worth it. is the technology worth it? yes, artificial intelligence. so this was a beat and a raise on the quarter. stuart: it's worth it, you say? lauren: well, that's what best buy's telling us, and that's what their customers are telling them. stuart: what else have we got here? i want to get back to nvidia. pit on the screen, please.

we had it down 4%, now it's down a mere 1.3%. you were talking about this, you expect a lot of up and down. do you think it'll end higher today? >> i think it's going to end higher, but people are buying the dip, realizing there are no other choices in the marketplace, and they realize that nvidia's got a 24-month lead and the issue around the blackwell production is not as a bad, it looks like tsmc and nvidia figured out out -- it out, so investors will be happy. lauer a lauren can does nvidia's ceo, jensen huang, want a new generation every single year? >> yeah, think do. brand new product road map every year, swap out every two years, and each chip is going to get more efficient in terms of power consumption and -- lauren: that's what he said. they made changes to blackwell to to improve its power, to improve its efficiency. and everything's fine. >> yeah. lauren: it's shipping in the fourth quarter, and he said they'll have billions in revenue from it in the fourth quarter. stuart: so the blackwell chip is

a plus, not the negative that we thought it was going into the earnings report. lauren: yeah. stuart: okay. we got that settled. we're down a mere 11.7% on -- 11.7 -- 1.7%. this video, shocking. a group of heavily-armed men storming through a colorado apartment complex. that a building overrun by dangerous venezuelan gang. this is happening in merge border expert chad wolf reacts. did kamala harris make a huge mistake avoiding the press until now? nbc's chuck todd thinks so. >> they're now just playing into her perceived weakness, and, you know, any fumble now is going to get overly, overly scrutinized in this interview. stuart: all a eyes will be on harris and walz's joint interview tonight, brian kilmeade commenting in a moment. j.d. vance had hard or, words for harris. >> she won't even do an investigation into what happened and she wants to yell at a

donald trump because he showed up? she can -- she can go to hell. stuart: tennessee senator marsha blackburn reacts in the 11:00 hour. ♪ ♪ chase really knows how to put the hart in your local community. see what i did there? hey, jackie! (♪) evan, my guy! you're helping them with savings, right? (♪) i wish i had someone like evan when i started. somebody just got their first debit card! ice cream on you? ooo, tacos! i got you.

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rsv? make it arexvy. stuart: the dow the opened with gain of over 2000 points, it's now up 100. the nasdaq opened with a gain of 50 points, now it's up 107. check on nvidia, please. gotta check this throughout the day, it's all over the place. now it's down nearly 3%. this is real volatility here. i've -- nvidia's earnings were spectacular, so why, in your opinion, is the stock down, and will will it stay down? >> i think any weakness in nvidia is a buying opportunity.

it's down because there were huge expect anticipations, and you get kind of the buy on the rumor, sell on the news reaction. we've seen selloffs like this in stocks that continue to report great results, and i think we're still in the early stages of this powerful a.i. investing theme. and nvidia is in the center of and the driver of. so i view the weakness as i have in the past on, as a buying opportunity. stuart: we are told, we've got analysts on this program who say, look, nvidia's rotation of chips, one new chip a year or whatever it is on a frequent rotation basis, that's the secret of success for nvidia. do you agree with that? >> absolutely. they went from one every two years to one every year. they've had the hopper, which has been hugely successful. they announced the blackwell which is coming out, and if then next year they already have the rubin which combines both a cpu

and a gpu, so they continue to be way ahead of the competition. and what they produce if is driving the -- produce is driving the ability to create and process these a.i. large learning models faster and faster,s which is how it will adapt. it's going to be able to the handle, you know, the eventual future of conversational a.i. stuart: i've got nvidia at 122, i believe your target price is 170. is that a accurate? >> yes. stuart: by when? >> 12 months from now, about. stuart: we've got to leave it at that because this is a volatile situation. just fascinating to me. 1700 on nvidia sees eve -- ivan. thank you so much. >> thank you. stuart: change the subject for a second. ford motor company says they are ditching their dei policies. is the company saying why? lauren: they're refocusing on merit. they're quitting the controversial social corporate credit system that's called hrc.

they will not donate to, quote, divisive events or mandate that their suppliers meet certain diversity goals. in order is the latest company to backtrack on dei and, consider this, ford's ceo, jim farley, is on the harley davidson board. deere ceo john may is on the ford board. those companies, harley, deere, lowe's, tractor supply, brown forminnesota, is -- forman, have recently abandoned their dei policies. stuart: ray's with us. that's a cultural move, dropping dei. doesn't have any impact on the stock, because it? it actually might have. actually having diverse views come into place as opposed to the external factor toss, ford's margins is in the 2 2-3 range which is pretty hoe, and if you compare those two, you can see the difference in terms of hiring practices. stuart stay there, ray, i want

your comment on this. yelp has announced they are suing google. on what grounds, lauren? lauren: using google's dominance in search to to gain an unfair advantage. yelp is a longtime archrival, they don't like google. but this lawsuit is the first since the principal judge ruled google -- principal judge ruled google violated -- yelp's general counsel called that ruling a watershed moment and it's the foundation for this lawsuit. i think it all changes with a. a.i. in the game. search is changing. generative a.i. is changing search so, i mean, who has the dominant position. stuart but do you expect google to be broken up? that's out of the question, isn't it? >> there's a big fight there. google's going to definitely appeal, and we're going to see the merits of the case hopefully fall i part. look, we have an exclusive deal for you to choose the best search engine. they could modify the deal in terms of having people getting

paid if you're using duck duck go, but right now that a exclusive interview is what's at stake. you can modify that agreement. stuart: but lauren is right in that a.i. is brand new. you can't have a monopoly in something when a.i. comes along and breaks it, am i right there? >> that's the flaw in the model, google will not have that monopoly going forward. it's going to be a very different market in place, so you can't attack that. it's kind of like going after someone for something they haven't done yet. stuart: got it. ray, thank you very much. coming up, the houthis attacked an oil tanker setting it on fire. it's in the red sea. threatening an oil spill four times bigger than exxon valdez. where is the outa rage from environmentalists about this, and why is biden doing nothing in the face of extreme provocation from iran? that's my take, top of the hour. problems for elon musk's spacex. the faa has grounded a fleet of their falcon 9 rockets.

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stuart: the faa has grounded a fleet of elon musk's spacex rockets. jonathan serrie joins me now of jonathan, what happened? >> reporter: yeah, good morning, stuart. the faa is investigating an accident that occurred during an uncrewed mission early wednesday morning. a spacex falcon 9 rocket's second stage successfully deployed 21 starlink satellites during the predawn flight, but when the first stage returned to earth and attempted a vertical landing on an autonomous drone ship, the rocket tipped over. the faa must determine the anomaly does not affect public safety before the fall champion -- falcon 9 fleet can return to flight. this could affect the the launch of to lay race dawn, a mission funded by an entrepreneur to send himself and three other private citizens into orbit to the conduct the first commercial space walk. and on september 24 a fall falcon 9 is scheduled to send

two nasa astronauts to the international space station in a spacexing dragon spacecraft that will eventually return with boeing starliner astronauts butch wilmore and sunny williams next year. nasa will be participating in the investigation explaining in a statement although the starlink launch was a fully commercial mission, nasa receives insight from spacex on all items of interest about the fall if con 9 rocket. crew safety and mission assurance are top priorities for nasa. falcon 9 was also grounded after a july 11 incident involving the rocket's second stage which deployed 20 the starlink satellites into an orbit that was way too low to maintain. spacex quickly identified and e flamed the problem, and falcon 9 was back flying after only 15 days so, stuart, it is entirely possible that this new investigation will be resolved with equal speed. back to you. stuart: jonathan, thanks very

much, indeed. ray wang with me still. the falcon 9 rocket is taking a big hit here. is that a hit to mix's entire space operation? -- musk's entire space operation? >> no, not really. because of safety checks related to boeing, they wanted to be fair. and if there's an issue with rockets coming back, they want to the make sure that's consistent. you make mistakes, you learn, you fail fast and continue to go forward, that's kind of the silicon valley ethos. stuart: the falcon 9 makes up the starlink system, right? >> yes. stuart: i'd like to get it. >> yeah, it's great. it's been useful. most companies are able to use it in remote locations. people that aren't able to get access to the internet are being able to to get access, and it's being used in ukraine as well. stuart: does spacex contribute to tesla's sock price? >> no, they're separate. stuart: then spacex is not a publicly-traded company. i can't buy into it, can i? >> there are ways but not directly, yes. in the secondary mark, those are

available. stuart: okay. ray, thanks for being here. pieceless, today, priceless. talk to us about a elon musk at some point. ray, come back soon. thanks very much. check that market, please. 25 minutes' worth of business. the dow is up but only 50 points. it had been up 200 at the opening bell, and the nasdaq was up 50 at the opening bell, now it's up 14904. -- 144. apple, intel, amazon, visa, all of them on the upside. the s&p 500, best buy, cooper companies, west pharmaceutical, service now, palo alto networks. nasdaq, crowdstrike, pinduoduo, palo alto, mar a vel technology -- marvell technologies. heavily armed men storming an apartment if complex that houses migrant. chad wolf on the let from migrant gangs. harris and walz sit for their highly anticipated interview tonight. brian kilmeade on that.

marsha blackburn discusses harris' campaign dodging questions on her frack flip-flop. betsy devos will join us. satisfaction with k-12 education is picking up. is that justified? the 10:00 hour is next. ..

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