talks about your policies, it is the fault of congress and companies trying to get out of the mess, gaining the system. investors selling stocks big time, the dow stock is leading the way down. amazon investors that up with its strategy. at stock is tanking and then there is google. the everything company mapping the whole body to show how long you could live if you lived right. "varney and company" is about to begin. ♪ stuart: right from the get go a new fox news poll, you are not happy. 60% say not satisfied with how things are going in our country today. 55% say they don't see any sign the economy is turning around. no improvement at all.

58% say they see no sign the job situation has turned the corner. mary kissel is with the wall street journal editorial board. that is a pessimistic outlook. is it cost justified? >> you have to look at two measures. wages, wage growth has been stagnant. even though we have been in a recovery for a couple years you don't feel the recovery of your wages aren't improving and on top of that inflation, food and energy, you really don't feel better because it is not more money in your pocket, doesn't feel like it. the second thing is the job growth we're seeing is part-time job growth. when folks say they're dissatisfied may be they're seeking full-time work but because of obamacare and other problems coming had in the economy, red tape and all the rest, they can't find full-time work. stuart: next week we have a first look at the economy's performance in the second quarter of the year which follows the first quarter when we're down 3%. >> that will be fascinating but

the federal reserve ratcheted down growth projections for this year, 2.2%, the fed has been wrong for five years in a row, too optimistic about this economy so even if they are right, 2.2% is miserable. stuart: bearing that in mind look we have now on the stock market. this is friday morning 11:00 eastern time and we are down big time way below the 17,000 level, we're down 154 points, the low of the day. we are going into a weekend. if you are trader you want to hold stocks where you have all this uncertainty overseas and you have that big -- you don't follow closely but the gdp report comes out next week. the dow is looking at its biggest weekly drop as of right now, since april. a big reason for the dow's drop, one of the big reasons, visa credit card company not a good forecast for the rest of the

year and investors really don't like to hear that. stock down. how bad? nicole: is really shaping up the dow jones industrial average. let's start with a number for visa, 21165 in trading, is down nearly 5%. it cut its growth forecast and is shaving off nearly 70 dow points, 70 negative dow points. almost half of the dow's losses are because of visa alone. let me tell you why these are to the downside. is the world's largest credit-card debit card company but they talk about a few things. so much revenue or volume comes from 60% of that. part of the issue is a strong u.s. dollar sitting around eight month highs versus the euro and that impart has taken a toll on them so they say they are cutting their full year revenue growth forecast to 9% to 10%, down from 10% to 11%. with that growth forecasts being trended, mastercard is down with

it. stuart: if you look at the overall big picture, visa fits into the picture of pessimism about the long-term growth track record we are going to see in the second half of the year. it is only a slightly bad negative forecasts. 10% to 11% growth, that is not a huge downside forecast. nicole: you were paying attention. you passed the quiz. >> sarcasm has no place when the dow is down 150 points. look at the s&p please. that has taken a big step back from the march towards the 2000 level. i got to show you amazon. will you look at that? is a post a loss, bigger loss than expected. in my opinion this is my opinion. i say wall street is losing patience with the company's reinvestment strategy.

amazon plows all the money it makes back into the company and then some. that hurts the bottom line. we will discuss if that sell-off down 40 points has been overdone. we will bring that to you throughout the show. pandora, a streaming music service, profit disappointing and fewer people are listening. stock is down 13%. this is a day of a very big moves. the price of gold up $6, right there, almost $1,300 an ounce. let's see if there is any big movement in oil. the ten year treasury what is the yield, we are just down fraction below 2.5%. we have been around this level for some time. that is the market action down, stocks virtually across the board. elsewhere, intense urban fighting in gaza. some distressing video to show you is really rockets reich if i un run school. was being used as a shelter by

palestinian citizens. 15 dead, hundreds injured. two days ago hamas rockets were found in another un school. at a fund-raiser yesterday president obama said the fighting overseas is not the biggest concern. the conflict that makes it discouraging is a conflict they see in washington. colonel ralph peters is here, a critic of the president's. welcome back, good to see you. what do you make of that quote i just delivered from the president, the fighting overseas, no. the fighting in congress, that is the concern of the american people. using maybe he is right on this? >> try to rein in harry reid of little bit. it is discouraging to me because i am not a republican. i am not a dyed in will

party-line conservative. i support some of the domestic agenda of this administration such as raising the minimum wage. the number one job of the president of the united states is to be commander-in-chief, his number one responsibility is the safety of our citizens, our land and our alliances and he is just absent from this and fund-raising, fund-raising, playing golf, more fund-raising, do you think it is an accident that vladimir putin instead of backing off in the wake of this tragic downing of the malaysian airline erica payne said up the ante, shot more ukrainian aircraft, and the pentagon. has been reluctant to say anything that might annoy the white house, just came out and said we have hard evidence that the russian military is shelling ukrainian soil attacking ukrainians across the border from russia. the president is not around. stuart: that is the reason the

stock market is down so sharply. i know you are not a financial analyst but you just pointed something out to our viewers, we are going into the weekend we have the pentagon saying it is the russians, the russian military itself which is primed to attract ukrainian forces. that is a significant expansion of the tension arena and one of the reasons the dow is down. anything the president could do to change that situation? >> it would help if he would stay around washington and the oval office little bit. i realize, the one form of prostitution legal in all 50 states, nonetheless, our president, our president, that is not fair. prostitution is a value-added transaction. and politicians, he is the beggar in chief.

the system is corrupt. stuart: that is very tough language. >> quality people who looked at going into politics out of patriotism realize they spend two thirds of their time begging people for money. that is not very good. the fact that vladimir putin is not just vladimir putin spitting in the face of president obama and the rest of the free world, you also have john kerry's mission in the middle east to rescue hamas, media attacks on israel which are unsettling, the rise of crisis in the middle east, it is stunning to me that with the world's ablaze, that is not an exaggeration. it is in fire in many parts of the world and with our southwest border -- our president's priority is to raise more money.

that is morally, ethically and dutifully wrong. stuart: entirely possible what the president is doing by not addressing these crises overseas and raising money instead is entirely possible that that is one of the factors in today's stock market decline. colonel ralph peters, good to see. i have got to ask you to check the share price of time warner. it is holding and the gains it made last week after 20th century fox tried to buy time warner for a total of $80 billion but now look at 21st century fox, is making deals in europe possibly freeing up cash to sweeten the time-warner bid. sky news operations in germany and italy raising $9 billion. mary kissel is here. looks to me, looks to me like another bid is coming.

>> the astoria page does not make predictions on this. this was a well telegraphed deal. it makes sense to simplify the corporate structure of these companies, facing room togrow, and we serve almost 20 million customers, we see 66 million customers out there we could be serving and it gives cash to 20th century fox. stuart: the bottom line since this was announced was it is all about content. time warner is one of the kings of content and the value of content rises and rises. >> content in a world where content is proliferating and you have to be stronger, faster, sharper, give customers what they want. if you don't give them what they want they will go somewhere else. stuart: when you are with me for the hour. >> if you will have me. stuart: time is money.

thirty-second. all the headlines are for dr. mark siegel who joins us later this hour. google is the everything company announcing a project to collect genetic and much of the material of 175 people. what are they doing that for? to develop a model of what healthy human should be. attention back pain sufferers, new study says tylenol, acetaminophen is no more effected in treating back pain than a sugar pill. number 3, shares of humana biotechnology surge this week after promising results with breast cancer drug. we will ask dr. siegel how does that work? as a drug actually work? dow is down 145. president obama says big corporations are gaining the system, moving overseas to avoid higher taxes. we heard the line before, pay your fair share, class warfare all over again, that is my opinion. we ask a question, who will defend the 1% others and jean simmons, that is? >> i worked for every penny of

it. i support 1400 kids in africa, close them, send them to school, feed them, educate them, our band contributes millions of dollars to one the warriors. i am being criticized by the bill in a tick fringe who think that being aspirational and working for it is a bad thing. 3rd and 3. 58 seconds on the clock, what am i thinking about? foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500, its yield is doing a lot better... if you've had to become your own investment expert, maybe it's time for llon, a differ

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stuart: we dropped a little bit more, down 156, below 17 k, the dow on track for the biggest weekly drop since april if it stays right there. the price of gold is going up, not much but it has reached back to 1300. trouble in ukraine, israel, hoping that bill up. the price of oil, narrow it down a penny. i will call that dead flat but airline stocks moving higher, some upgrades, united alaska's jetblue southwest, all of them to the upside, 1%, some fresh obamacare outrage, the irs announcing its individual fails to sign up by the end of the year they face fines of $2,448 for an individual and for a

family of 5, that goes well beyond $12,000 in fines the year. what is your first gasping reaction? >> this is great. because the americans need to know what obamacare is. taking your money and forcing you to buy a substandard product that the government puts together, tells insurance companies to put together and if you don't buy it government will find you and the american people need to feel that pain, understand what this program is and if you have to shell out $2,500, you are going to understand what obamacare is. even if it is $100 for some individuals that is a lot of money. stuart: it will really an oil lot of people. it comes from the irs. >> that is great. this is fantastic. particularly fantastic coming out before november because voters have a choice.

do they want to reelect a senate that will refuse change on these programs or do they want to elect a republican senate that has a chance of forcing the president to try to make some -- stuart: if we went out on that street and ask 1,000 people where do you stand with obamacare? are you in or out? we have final not? get a subsidy or not? what is the quality of your health care policy? not one of them could tell you. >> this is why it has never been popular, never had majority support. stuart: a poll says we love it, 50%. more outrage, thank you. i am going to bring you up-to-date on the dow because we are falling, we are 154 points lower, holding on to 69 as of right now. we will keep you up-to-date. if you move your company overseas to avoid the highest corporate tax rate in the developed world president obama says you are gaining the system.

joining us now from washington is media strategist nancy, at issue here, so-called rich corporations and rich individuals, the 1%. i you satisfied that republicans are adequately defending corporations and adequately defending the 1%? >> i am not sure that i am. democrats aren't but if people were serious about improving competitiveness internationally they would be talking about lowering the corporate tax rate to less punitive level in the developed world so we are competing against folks in europe at a rate of on average 20%. i would like to see more action, particularly house republicans tried to push for tax reform and there's a strong bipartisan coalition that knows the corporate tax rate right now is harming american

competitiveness. instead politicians of both sides advocating for something as crazy as the export/import bank. stuart: i hold the firm opinion we need lower corporate tax rates and we need lower individual tax rates. that would really get the country moving but if a republican, any politician stands up and says i want lower tax rates you are going to be demagogues to death. a winning political position for the president and the democrats to go after. just pandering to the rich. they have enough already. that is the mood of the country, isn't it? >> i'm not sure. the argument if you allow the argument to be made, 1% vs. 99%, you are just plain into the other side's argument. this has always been a country that succeeded by understanding is that together we triumphed because individuals will work hard, have talent, may have a little luck and bad value can succeed. it is not who you are, is what

you do so you should be arguing about moving the entire country forward. stuart: why don't we argue in favor of prosperity, raising everybody, bigger dynamism, come on, you are a powerful woman in republican circles. can't you get somebody out there to go along with a reagan line, we are all in this together, we will go up together, get america back where it ought to be? where are you? >> i don't know. strong irish-american woman making this case as vehemently as i can wherever i am allowed so i thank you for the opportunity to make the case here. stuart: is an irish name? >> i married, connors was an irish name. stuart: i am wearing a green tie and was in ireland two weeks ago. i am in sympathy. you can come back any time.

facebook now worth more than toyota but it employs 6300 people, doesn't put out a physical product. your reaction to all that incredible stuff next. we have a discussion. next another free add to go pro. the action camera showing the moment a cop pulls over at tailgater. watches this. >> i saw him in my mirror. want to do something about it? >> give him a ticket. >> put your name on it. ♪

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stuart: what you see from facebook is an increase in productivity, massive increase in income per worker and that productivity gain has really pushed america forward. this type of company is exactly what america needs to push us to the next order. stuart: that was interesting and that was art laughter's take on facebook's will in the new economy. not many of you shared his optimism is a public comments from you. bob says america used to produce steel, automobiles, clothing, consumer goods. we will replace that with facebook which produces nothing. obviously bob disapproves. jeff says facebook adds little

or no net increase to the real wealth of the nation. thanks for your comments. short to the deck at and hit the. i am not sure you appreciate it. >> that comment is dead wrong. facebook once you market yourself, consumers around world, expand your network, think of all the people producing applications and other things you use on social networks. it is a huge boon to the economy. stuart: would you agree with me that it encourages wealth concentration? facebook only has 6300 people. >> absolutely not. 185 million -- >> think of all the people cleaning the offices of the facebook staff. facebook creates a lot of jobs. it is hard to measure like measuring productivity created by an iphone. stuart: the company is worth $185 billion, has 6300 employees. that is a concentration of wealth. the cleaners in the office, what are they going to make? >> maybe they wouldn't have a

job. stuart: i am talking about concentration of wealth and income inequality. that kind of company increases that's inequality. just does. >> no it doesn't. stuart: i don't see how that works. >> i don't been known people making money for a product. stuart: i don't be known it. the result of this it is income inequality. with the new tax creating that kind of wealth concentrating in a limited number of hands that is well -- >> income inequalities of leftist decking point. what matters is income mobility. can you get from the bottom to the top? can you move up in america? that is what we should be concerned about, not in being success of somebody else. stuart: okay. we will discuss this another time. the next five minutes with a couple stocks moving today, mexican restaurant chain began

trading last hour, ideal last hour up 27%. starbucks post higher profit and higher sales, stock is down 2%. maybe investors think that is not good enough. what did go for 0. the chart is up 70% since it went public, a couple months ago. the action camera is very popular. the latest go pro video that has gone viral is a bicyclist in illinois being tailgated by a car. a cop pulls up behind the bicyclist and this happens. >> you want me to hold on? >> i saw him in my mirror. you want to do something about it? >> given a ticket. >> i will. stuart: that is pretty good. crew is a point. cameras are everywhere these days especially the go pro.

go pro has become a verb. >> cameras are everywhere. you can't be rude to a customer of u.s.. in this case the top's customer is the bicyclist lose someone is going to see it. stuart: to become a verb adds value to the name of the company. >> even if the owners of go pro make a lot of money. stuart: good one. number liquidator tom sullivan, you know he held a fund-raiser for president obama last year in his own home. question for mr. sullivan who is coming up on the show, would he do it again. that is up next.

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stuart: listen to this. a target for facebook to $85. it is of more today. mark zuckerberg, he would overtake bill gates. xerox earlier today hit a new high. up there goes another 2%.

fast food workers around the country. talking about escalating their campaign. mary kissel has three points. companies have to punch. that is the price of labor. the folks there protesting. i hope somebody tells them that they are protesting something that can eventually heard them. stuart: give us the money. it is a political slogan. >> well, look. it was as politicized as it is now. you have a president that never

worked in business. you never know how wealth is created in the economy. it is the 1% versus you. they do not have a record to run on. stuart: we invented class warfare. usa today reported that in the past three weeks, he attended nine fundraisers. tom sullivan hosted president obama. would you do it again now? >> yes. i would do it again. that is republican and democrat.

it is not obama. you guys always go crazy on obama. stuart: it is a president of the united states at a time of international crisis. a crisis on the border. the president is raising money. would you do it now? the president of the united states. are you making the judgment? should it be in your house raising money at a time when the border is doing this?

i am asking a very simple question. you would feel comfortable with the president of the united states in your own home raising money? >> yes, i would. i am 100% against that. the income inequality, everyone in this country, if they have the ambition to work hard, they can be a millionaire. they can do very well. stuart: the president of the united states is out there pushing for a much higher minimum wage. he is pushing for much higher taxes on successful people. you are raising money to help him do it. i just do not get it.

>> i am not for everything that the president does. stuart: i will ask you this one. i make good money. i pay more than half my income. every paycheck. more than half of it goes to the federal and state income taxes. president obama wants me to pay even more. >> i am personally for a flat tax. i do not think that he wants to tax more. >> the president asks republicans and democrats to come together. they went to the president and the president told them, i do

not want to talk to you without a trillion dollar tax increase. both sides need compromises. all i want is a trillion dollar tax increase. it has been too good. you have known that for years. >> republicans and democrats have raised taxes over the years. >> you are not addressing my argument. >> i do not know if that is true or not. the spending has come from the republicans. stuart: are we going back all of those years? come on, tom. i am sorry, we are out of time.

next time you are in new york, come and sit next to me. we will go at it for about a half an hour. google really is into everything a mission to map out and decide what is a perfectly healthy body. doctor marc siegel explains it in a moment. ♪

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♪ nicole: i am nicole petallides live on the new york stock exchange. the dow jones industrial average is down about 40 points. take a look at some of the names in the airline industry flying high. helping to bring the transportation index. alaska air leading the way in that group. food dining. a name that is known for fire grilled chicken. the restaurant is also a stellar performer. of 14%. starbucks did well. particularly in the food area.

coming up next, google working to create the perfect picture of human health. doctor marc siegel weighs in on that. ♪ so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side.

weit's not justt we'd be fabuilding jobs here,. it's helping our community. siemens location here has just received a major order of wind turbines. it puts a huge smile on my face. cause i'm like, 'this is what we do.' the fact that iowa is leading the way in wind energy, i'm so proud, like, it's just amazing. ♪ stuart: look at google's stock. just a tad away from $600. i will complete a picture of what a healthy body should look

like. they call it the baseline study. what is this all about? >> a new version. google x. we know the differences between you and me and mary without even talking to us. we have not quite got there yet. this is another step in the right direction. they can compare it to what normal genetic makeup is. stuart: could they do a genome picture of me and then compare it to what it should be in a really healthy person? >> you are going down the same road i was thinking.

there is the other issue. when google starts publishing data on the web. who will have access to this? stuart: that is the good stuff in tylenol. people with bad back pain. >> a really interesting study. they all did the same. you know why, suited than a friend or tylenol does not cure

a back problem. it will not really get better. it can be liver toxic. stuart: what works for back pain? morphine? muscle relaxers tend to work. stuart: okay. take a look at the stock products. it just went straight up. great news about it breast-cancer drug.

do you believe the claims made to this new, drug? >> i like it. a good part of people that have breast-cancer, based on the technical view. there is a lot of resistance. both from overusing it or using it properly. this new drug, was given to patients that had already had the receptive appropriately. it was 83%. a heck of a lot if you have bad breast-cancer. i do not know how many people,

but those people that have this kind of breast-cancer, this is a home run. stuart: pushing the leftist agenda on the job. the full story is next. ♪ [ male announcer ] the mercedes-benz summer event is here. now get the unmistakable thrill... and the incredible rush...

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stuart: another issue for obama care. caught politicking on the job. navigator. that is the person that is supposed to get people to sign up for obamacare. >> repeatedly warned not to engage in political activities. she wanted it to be totally abolished. she was very avid on how it hurt the environment. >> i did not see anything that was overly pro- obama.

she is a very political person. either way, it is inappropriate to be doing it on the job. stuart: what did she say? >> basically that she did not view it as political. she thinks the political ideas are quite simply justice. there is a lot of room for people to disagree with that. stuart: she was taking political sides. she is supposed to be neutral. >> exactly. she even had to sign something when she got this position. they warned her again and again and again. they will not tell me how many times which i think is interesting.

stuart: there is only one case. there are tens of thousands of these around. >> definitely a good reason to be concerned. you have labor groups doing it. you have planned parenthood. >> i think it is a bit of a stretch that they will be impersonal. >> it is a good story. it really is. all right, jillian. thank you very much. fed up with amazon spending all of the profit. this is a buying opportunity. we have amazon's new fire phone right here in the studio. and lots of people say that it is all hype.

not too good. talking ray rice. two-game suspension. only a two-game suspension. another guy gets caught with pot and he is out for a year. both the president and hillary clinton are responsible for the dire state of our economy. the second power will be back in a moment. ♪ in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ so the magic shell went back to being a...shell. get live squawks right in your trading platform with thinkorswim from td ameritrade. get live squawks right in your trading platform when folks think about wthey think salmon and energy.

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tanks. a suspension from that nfl. i have a quote from president obama. "they do not care if the poor get poorer so long as the rich get forward to. ♪ stuart: i will start with amazon. it does allow its money back into the company. that hurts the bottom line. nicole, it is down $39 a share. what are they saying on the floor? nicole: everyone looks to the clock. at one point is profitability or too much on profitability fed

up? a net loss of $0.27 a share. far greater than what was expected by the analysts. they build six new fulfillment centers. a new top box for the home. document sharing services. of course, that amazon smart phone. just to name a few of their businesses. >> this broad agreement that investors are tired, you keep on plowing everything you make it back into the company. that is all well and good. i think investors want to see

that that bottom line profit. nicole: it is down over 10% today. you are right on target. research development. expansion. at some point, you have to make sure you are keeping it straight as well. stuart: thank you very much, indeed. amazons fire phone. that goes on sale today. some people call it and amazon cash register. it lets you instantly by everything from the marketplace. the earlier reviews of the phone, i will call it tested. the fire is the grown-up equivalent of a nine year old riding his bike in the air. look, mom, no hands.

it will not get you very far. have you been playing around with this for quite some time? >> yes. it looks good. it looks a lot like an iphone. i will show you here on the screen. you can see the 3d effect. it is not real 3d. they use for cameras. stuart: wait a second. it is a gimmick. you are a techie kind of guy. >> kind of a gimmick. stuart: i presume you were given one of these.

>> it is a little expensive. right now, it only has about one 10th of the apps. it is missing all of the google services. it has some issues. [laughter] stuart: nicely put. if i got one of those things, it would make it very, very easy for me to purchase all kinds of things from amazon.com. >> yes. i can show it on the menu here. there is the app store. it is just hand designed. if you are an amazon hard-core fan, you will love this thing. if you don't, it will be a little bit rough. it is the same as an iphone.

it is not as powerful as an iphone. a little bit of a hard sale. stuart: nice try for a first time around. it has to be a whole lot better. >> i agree. i think they need to develop a cheaper fire phone. stuart: how do you feel about this as a way into the hardware of phones? >> a good long-term strategy for amazon. stuart: they are not showing any profit now. that is why the stock is down 10%. thank you very much, indeed. i will not call you the guinea

pig. appreciate it. thank you very much. look at the dow. it has come back a little bit. we were down 160. i have a question, if you were a traitor, why would you want to hold stocks? next week, you have the gdp numbers. we are down 100 dirty points. the s&p 500 has now turned negative for the week. starbucks. if posted higher profits. better sales. raised its current quarter outlook. i guess it is not good enough. pandora profit. it disappointed. fewer people are listening. that is not good. the self. it is a dow stock.

it is down 4.5%. a very big drop for a company of that size. the 10 year treasury, moving even further below 2.5%. talking about what will happen to that economy with the gdp numbers next week. the flight to equality. president obama says american companies which move overseas for tax reasons are "gaining the system." if i own stock in your company and you move offshore for tax reasons, i am selling your stock. there are enough investment choices here. what do you say about patriotism? go ahead.

>> why is it unpatriotic to invest in a company that is getting a low tax rate? >> what if it is unpatriotic to have taxes too high? the reason that corporations are doing what they are doing is because they can get a lower tax break. why is it unpatriotic to all of those stocks? i will take it one step further. is governor rick perry unpatriotic for coming to ellen deutsch? where do we stop with this? stuart: i think it is also about political posturing. the president will be able to say, look at those wicked corporations. encourage them to be

unpatriotic. look at what they are doing. >> our forefathers are turning in the grave because we are moving companies back there. stuart: your forefathers may be. i am sure that mine are doing something rather different. [laughter] stuart: have a good weekend. the obama administration is considering giving refugees status to people coming from honduras. they would not have to make the dangerous trip to mexico. the president of honduras spoke last night. >> a lack of clarity in the

policy. the language is ambiguous. they take advantage of this situation. >> it sounds a bit like it is our fault, don't you think? first of all, does this plan that they are considering it the kids into the consulate? screen them there and then bring them here. >> willing to climb the statue of liberty. anyone under the age of 18. stuart: i am sorry. do we have a mic problem? i will digress. i will talk about the stock market. coming back just a little. good to take a little break

there. the dow is now down 124. forty points better than it was about a half an hour ago. i suspect that a lot of people are unwilling to hold onto stocks over the weekend. you do not know what will happen in israel. you do not know what will happen in ukraine. it will give real problems to the stock rocket monday morning. we are down 120. scotty hughes now has a microphone. i repeat. [laughter] >> that is dangerous. almost as dangerous as stuart varney not having a microphone. we need to secure the border. let's go back in time. ronald reagan took video footage of him taking illegals and

shipping them back to their country. we need to do that same thing right now. >> what ever it takes to secure the border. the president is having more conversations with fox news and he is our own administration. this is america's fault. it is our own policy here in america that has caused it. he has said it is our own drugs. stuart: what does the tea party think about the youngsters that are already here? >> let's find their parents and send them back right now.

>> that will take years. you know that. >> i understand that. the only thing to do for these children is to send them back to their countries. stuart: back to the country of origin. >> i care more about my own children. stuart: all right, scotty. you know what happens. we are out of time. thank you very much, indeed. nfl running back ray rice suspended for two games after he assaulted his wife.

we will discuss that next. the latest round of polls for president obama and the economy. brian is always here on a friday. there he is. have no fear. ♪

stuart: breaking news for you. trent eight. a ride sharing app. it will be launching in new york tonight. having to work out a special deal before conduct thing business here. it starts at 7:00 p.m. eastern. all five boroughs in action today. let's get back to the fox news polls. 60% say i am not satisfied. 55% say if there is any sign our

economy is turning around. fox and friends host brian is here. welcome to the program. what do you think of those numbers? >> the first indication that i had, when hillary clinton came out and started doing interviews saying that you economy does not feel like it is better, it goes to show me that her bar graphs and pie charts were showing the same thing. she knows she will not be successful. stuart: those polls suggest how people feel. it really is not very good. you know that it is what the basis is actually feeling here.

we are looking at how much better it is when we came in. stuart: this is my field. let's move on to your field. we have some video to show you. it is tough to watch. ray rice and his then fiancée. it is all captured on surveillance cameras. he will be suspended the first two games of the season. another player that was called with weed, he was out for a year. suspended for a full year. that kind of assault, two games, marijuana, out for a year. >> this is a 154 ray rice.

so far he is a graduate of rutgers. he has a lot of success. he went to counseling for it. they have since been married. it does look a little light. the assault charges were filed and dropped. he will now go on to have a similar hit on the owner of that indianapolis colts. people waiting said wait a second, one road for players, one road for owners. you have to treat everyone fairly. >> especially in the nfl. they hammer you pretty severely. there seems to be a lot of

players in a lot of trouble. last year, aaron hernandez seemed to be the story. >> the king of sports in the united states of america. >> i do not think that john harbaugh had the best story. he is a quality guy. stuart: what do you make of the biter? >> sure as? stuart: yes. it was his third offense. is there a difference in the way the soccer affiliation handles it? >> i cannot believe he even got four months. his team was never the same once

he was eliminated. stuart: what would you get for boxing somebody in the nfl? >> a few bites somebody with that kind of flesh going back and forth, it would be very hard to prove. stuart: tax the rich. tax big corporations. do not expect any change. my take on taxes next. ♪

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♪ stuart: the restaurant chain -- with public today. 33% higher. l pollo loco. visa has cut its forecast for the future. it is a big drag on the dow industrials.

ed klein joins us in a couple of minutes. plus, did you see this on fox and friends this morning? more on that later this hour taxing the rich. taxing the corporations. i think that is president obama's bottom line. if you have money, he wants more of it. redistribution through taxation. that is the hallmark of the obama era. failure. high taxes have suppressed america. for a generation this was a vigorous and dynamic economy. now it is not. taxing the rich has actually hurt middle america.

it's buying power has declined. the poor, they are trapped in a welfare web. even with record tax revenue, it is still close to a half trillion dollars a year. the middle-class and poor take the hit. that is failure. a moral component, two. i think it is flat out wrong for a government to take more than half of anyone's income. i think it is flat out wrong that people tell people if we just tax people a little bit more. how about taxing corporations. that does not help either. you cannot call that a successful policy.

do not expect any change. this president will lead his party into the election. if we do not take anymore of you, you are just not being fair. they do not care if the poor get poorer so long as the rich. for her to. ♪

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stuart: breaking news. former bear stearns ceo a screenburg has died after a bout with cancer. greenberg was a legendary wall street trader before heading up bear stearns. he was 86. we briefly take you to the stock market. we have a sell-off, not as bad as it was. we are down 130 points. that is 0.7%, hardly a massive sell-off, a downside move. now this. on fox and friends, steve deucey criticizing, president handled or didn't handle foreign policy. >> maybe if they build a really nice golf course in ukraine or had a big fund-raiser maybe then

he would go over there and talk about it. stuart: all right, you are a co-host of fox and friends. what do you make of that? >> now we have understanding the state department comes out yesterday and says we have proved not only are the russians involved, one week, eight days after the take down of the passenger jet, not only that but there's proof and video of them shooting at the ukrainians themselves with their own armory which only logic would tell you what affect the market and economy. it is in-your-face. not going to back down to the prospect of sanctions from europe and the u.s. but doubling down. if you are an investor weiner react. stuart: steve was commenting about where the president is at a time like this just as the russians are escalating on the border with ukraine. that is why people -- i am saying it again lot of people don't want to hold stock over the weekend because who knows what will happen in ukraine,

russia and israel? >> one step further for the state department to make a statement they said yesterday, not have it rumored or a source, they are saying we know for sure and the video is out there. it makes me think there is a move we are putting ourselves in to play here come the harsher sanctions and the arming of the ukrainian government. some things that will show a response to vladimir putin and send him a message to back down which i imagine makes people uncomfortable. stuart: when it makes investors uncomfortable for sure. here is ed klein. has an odd that in town hall about the current global crisis. he says it is at least in part to blame on president obama and hillary clinton's foreign policy mismanagement. welcome back. you are the author of blood feud about the fight between the clintons and the obamas. why do you think this mess and i am going to call it a mess is the result of hillary clinton's tenure at the state department? >> she was there at the creation

of this foreign policy, she can point to not a single accomplishment, her reset with russia has resulted in what we are talking about right now which is the shelling by russia of the ukraine. this was the first time since world war ii -- stuart: was she duped? she did press the reset button. >> hillary has positive qualities perhaps but big thinking is not one of them. she is a detail person. i don't think she was suited for the job of secretary of state. see sternly screwed up in benghazi, the russian reset, talks about love pivot to asia which never really occurred. it is not a record she can run on. bernard: when she saw eye to eye with president obama. she was the secretary of state, they saw eye to eye on foreign policy. >> on many things but not all things. she was more hawkish on serious and he was and wanted to arm the

rebels, but they took foreign policy, the obamas and centralized it in the white house under david axelrod, valerie jarrett and john brennan who is deputy national security adviser to such an extent that while hillary was secretary of state she was frustrated about getting things done as she saw fit so there was a real dysfunction which i write about in blood feud between the hillary people in the state department and the white house. stuart: >> she is befuddle as john kerry does whatever he wants so he gets a lot of latitude. friends have a job in the cia and he calls his own game as the president is able as far as we can tell to gulf allied and fund-raiser lot and stay out of the international trade. today hillary clinton came out and said the reset with russia worked. what is your take on that? >> the same as john kerry saying he has been doing a good job

getting the palestinians and israelis to sit down and talk which is of course absurd. the current team in the white house, valerie jarrett again, susan rice to has zero credibility in the foreign-policy establishment and john kerry, the energizer bunny who goes around world accomplishing so far as i can tell zero -- stuart: it is going to be a hillary candidacy. >> i don't think sayre is any question about that but i just turned -- i just learned yesterday that joe biden is definitely in against hillary in the primaries down at -- >> us sitting president would endorse a former secretary of state over a vice president if he goes through with it. >> will keep his hands off this. stuart: he hasn't endorsed hillary clinton. >> insinuation and implication was he would. the sit down after a meeting after four years. >> that is what they agreed to but he has reneged on that many

times already. i think he is going to sit it out. let joe biden and hillary fight it out during the primaries. stuart: we have not talked elizabeth warren. she may be running from the left. >> i think she will. in some respects the figure in this primary. whether she will run for president or deal with joe biden or hillary. stuart: suppose hillary clinton is the candidate and she win the presidency in 2016 as walks into the white house. do you think bill clinton will be happy in the role of first man? >> i think he will be beyond happy. he is going to be sitting in the room right above the oval office where hillary once occupied, karl rove once occupied, and we have seen in this current administration valerie jarrett in that room and bill will be on the phone daily to hillary saying you got to do this, you got to do that and she will have to cope with that day today --

>> will she listened? >> not all the time. they have this kind of strange relationship in which they cooperate sometimes and fight like heck. >> my wife always listens to me. she can't hear me. stuart: when you look like a man having fun. number one best-selling book. thank you very much, president obama says big corporations are gaining the system. class warfare, the big business version thereof. we will deal with that next.

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siemens location here has just received a major order of wind turbines. it puts a huge smile on my face. cause i'm like, 'this is what we do.' the fact that iowa is leading the way in wind energy, i'm so proud, like, it's just amazing. with your fox business brief. thousand industrial average up off of the lows of the day but still to the downside to the tune of 0.3% of the nasdaq index in people in back of the dollar by names such as the sow which is under pressure after it cut its revenue forecast, united health and chevron among the laggers. we are watching the earnings including xerox given out walk where they listed the lower end of earnings of 3% hitting a new high, black and decker the tool co. looking good. they cut costs and lehr, a new

tall all-time high as the winner of 3.6% after numbers. the managed-care company, welfare in particular coming under pressure, second quarter loss, behind medical costs for medicaid plans hitting welfare down 23% and big corporations overseas gaining the system. president obama think so. real halftime coming up. ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. but hurry, offers end july 31st. share your summer moments in your mercedes-benz with us.

stuart: the real halftime report. nicole petallides, brian kelly always here. to you first, visa cuts its forecasts -- >> it is not a good sign. kind of lukewarm, how the economy has been. long-term forecast is bullish but short-term forecast is cautious. that is why we're seeing in this economy. stuart: the gdp numbers, part of the reason, the dow is down 130. president obama says companies that move overseas to avoid taxes are, quote, gaming the system. what do you say to that? >> don't you have a fiduciary responsibility to maximize profits for your investors? to do that you go to the place that has less taxes to keep more money to give a more dividends

to your stockholders so if you go ahead and a foreign company in order to move your company to ireland for example where the tax rate is 15%. why are you doing anything but being a capitalist? that is a signal to america drop your rate and i will come back. stuart: we love having you on the show. >> will nicole petallides a that? stuart: she will say the same thing. amazon is down really big. do you think wall street is losing patience with the company's constant reinvestment strategy? >> i don't know why this is a surprise. nicole petallides ran off all the things amazon has invested in, putting all those profits plus some back in the business, last week to quarters weber down 10% around earnings. why is this a surprise to anybody? they are trying to be the global leader in everything. i like this. i don't like companies that are so imaginative the only thing they can do with cash flow is give it back in dividends.

jeff bezos is a great ceo. stuart: would you buy $323? >> i have not done it yet but i was tempted on a debt like this. the company is doing $80 billion a year in revenue. business up 23%. the only thing down was cloud computing. the price war going on. i actually like it. stuart: next up big-name you know, pandora. it disappoints and down it goes. nicole: it was slower than expected. they saw that slowing the stock is down dramatically, 13%. they gave an outlook that is not so great. they have been putting money back in the business but overall we are seeing pandora under significant pressure. stuart: how about a new high, record sales for decker's? >> absolutely and when we say that, we are talking about those cheap sandals you know so well.

they gave an outlook, raised sales to earnings outlook and that is great as well. stock is up 5.3%. sales and earnings growth forecasts were improved. that is great news. stuart: we call google the everything company. they're trying to create a picture of the healthy human body. you are buying that stock around $600 a share. >> i am not sure about but valuation. i love when they are doing with google x land health, this is $10.8 trillion market they are going after. this will complete revolutionize the insurance market's completely. if you are a scientist where do you go? do you go to google x to creates an into the here at nasa do you go to elon musk? we are creating a brain drain. we used to having government, government is so in and to their going into private enterprise. it is great what google is doing. stuart: you are not a financial

analyst but you know what google is up to. just about everything. do you like that kind of company? >> if you gave me money i like to invest and you prove me wrong. i go back to what john said. something exciting going on. where is the innovation besides trying to stop hackers from bringing the pentagon to its knees where is the shot to the moon, to mars, to something else? when google steps up not only are they getting the best people but the ones who lead us to the next generation and the next things we can imagine. stuart: we covered a lot of turf but cover it well. that is it for the real halftime report. rock group twisted sister on fox and friends of this morning, something you don't know about brian kilmeade and the band's lead singer. find out in a moment. unlimited cash back.

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stuart: that was 80s rock band twisted sister performing the summer concert series. brian, i am told you have a special connection to the guy with a blond hair. >> he comes from my background. here is the deal. parents with two blacks, my brother growing up, i knew about this band before anyone else did because his brother used to walk to my house and say i know the brother has a band, doesn't dress like me at all. i used to know everything about it. by the time my brother graduated high school they were cute and i met him and was the first celebrity i ever met and the second one was you. he is a great guy, self-made guy, best in business, never

does drugs or anything rock-and-roll lawyers do. he is a family man who does this for a living. stuart: i bet he has not made as much money as you as author and star of fox news. >> i don't have his hair so it is a wash but i will say this, five guys still together, they are not breaking up white van halen, they have been together since 83, 76, back together. stuart: he hasn't lost his voice. as you get older your singing voice is tough to maintain that he has still got it. >> that happens when you don't drink or smoke and he is a really good guy, an entrepreneur. stuart: i got to ask about golf, millennials not playing golf as much as they used to. courses are closing, the tv ratings are in the tank, looks like the whole sport is on the ropes. >> is that a british word? stuart: it is american.

>> tiger woods made it cool to bring minorities in is a huge focus for the pga to say the next generation and tiger made it cool, burst on the seen as a 12-year-old, i was asked to do a feature with him. he is 36 years old, is a on some level liked to see the master get knocked down. but now that he is down they are saying to themselves in my humble opinion what did we do? if he starts nominating again it will have the ripple effect. i know it is just one man but he means so much. stuart: when you got to have a leading attractive personality to run golf that that could be rory mcilroy. >> do what the nba does, get him with gatorade, give him adidas or something to get him out there. stuart: click alert about the mexican restaurant chain el p l pollo loco. it's like to. $22 a share, it is up $7, a huge

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and apply online. creditcards.com. >> political fund-raising is the one form of prostitution legal in all 50 states but nonetheless our president, our president -- actually that is not fair because prostitution is a value-added transaction whereas what we -- our politicians, we have made them beggars. he is the bigger in chief. stuart: really strong language, strong indeed. in the closing comment on that? >> of the president didn't like it he has every reason to get out of it. he could have sent a vice president joe biden into these events. 50% of the reason he is there, 50% get the money and 50% because he likes the adulation, being around people who love and worship him. when he gets out when he gets

out, he has israels staring him in the face and russia staring him in the face and unemployment staring him in the face. stuart: thanks for being with us. >> always enjoy it. stuart: adam shapiro, it is yours. adam: the dow down 123 points and i am adam shapiro in for dierdre bolton. one big step for google, a giant step for mankind. the company announced what may be its most ambitious and difficult science project ever. fantastic voyage has not on google's plan. watch out, fox has a pocketful of cash. the media giants of its european tv set for $9 billion. paving the way for a potential takeover of you know who. curious to the bessie eo is to work for in silicon valley? a new report may cede surprise you. we will went to the results later this hour. the latest from google, a promisto