stuart varney, "varney and company," it is all yours. stuart: i am going to take it. good morning. ebola is ugly, there are reports of an effective treatment from california. to obamacare two developments, hospitals taking in more money because of a newly insured, doctors can't afford to treat patients with obamacare and in five years president obama has added $7 trillion and now we are paying $7 billion a week in interest. of the gulf, rory mcilroy the guy to turn the sport around? to use a know? "varney and company" is about to begin.

let's get right at it. the ebola story. we bring in from the top doctor kevin campbell from raleigh, north carolina. thanks for joining us. i understand there is a promising treatment being used on the ebola patient in atlanta, what else can you tell us? >> this is a very promising treatment and the interesting thing is it is never been used in humans before on the street to individuals we have read about. this is a treatment that is an antibody produced in animal models and grown in plants through genetic engineering, then produced into this year and that it is been delivered to these patients and it has really been responsible for what is a remarkable recovery for the disease. stuart: if those reports are reliable we also had those reports the word miracle was actually used but that is reliable word to use, reliable report? >> i believe it is because this

disease has nearly 90% fatality rate, no effective treatment and no cure for this at this time. this new serum that has been developed, this company out of san diego has been working on it since 2007, really make be the same we used to treat this in the future. the question is who gets it, how do we get it to him and how we produce another of this year and quickly when there are outbreaks like this. stuart: the company is in san diego, calif. they produce a this. you say it is the searing, an antibody, genetically engineered. take me through the process, what exactly is it? >> when our bodies, animal bodies are exposed to a virus we produce antibodies, our indian system produces a defense. in the research protocol what they did is infected and animal models such as mice with ebola virus, gathered antibodies from the animal model and then

injected these antibodies into a tobacco plant in kentucky to mass produce the protein. en you produce this year and you harvest from the genetically engineered plant and you can inject that year and into the patient so they have met defense mechanism against this virus very quickly. stuart: knowing what you know do you think this is really as hopeful for the mass treatment of ebola as it sounds like it is? >> i think it is early yet, we don't know what the long-term or short-term side effects of the drug are, it certainly helped, we like large datasets, and i do think it is promising but more research needs to be done. stuart: dr. kevin campbell, thanks for joining us on an important story that is breaking as we speak.

to the markets, moving sharply lower, in the last few minutes, the dow from minus 30, now-76, if there is the reason for this, it looks like a southern slide. it is 9%, down quickly and suddenly. 1285 we have been at this level, down $3, $4 as of now. a more important barometer, that is the yield in the ten year treasury. where we have been the last couple weeks, 2.51% on a ten year treasury, the yield is a little this morning. i want to bring in tres knippa, have we been reading your stuff? i'm going to give the viewer is the news which we are about to

deliver, we see the japanese economy shrank to the tune of 6%. and would surely hurt us here if you are right. >> there is the prevailing economic theory in the united states. we should increase government spending at the exact same time the central bank should print more money and buy our own debt to artificially keep interest rates low. you said the yield on the tenure is 2.5%. guess who else is doing that, japan. the yield on the ten year bond in japan is 4.50. their central bank is gobbling up everything they managed to produce so is the general idea to increase government spending, have the central bank increase money-supply and keep interest rates artificially low, japan should be striving, no. you will see japanese japanese economy in the latter half of this year shrank 6% year over year. that seems like a repudiation of

the exact same plan we are doing. why ignore that? stuart: that is your forecast, tres knippa says it is going to shrink at an annual rate of 6%. >> i am not the only one. many analysts are putting forward guidance on the japanese gdp numbers and they are absolutely horrible. industrial production is down. you can go on and on. the account deficit keeps getting worse. i thought the idea was to devalue their currencies to increase exports. if you increase exports to save your economy than in fear your current account balance should get better. it is getting worse. japan is a threat. what should listeners do? there are many ways you can be short of the yen. for me that seems like one of the most obvious trades in the history of finance. their bond market to me might be the most oversvalued asset in the entire world and traders and investors need to be aware.

stuart: we are aware of it, you are shorting various aspects of japan's financial market, you have gone short on the menu got our attention. that was quite a headline. let's see what happens. tres knippa, thanks very much. let's get to individual stocks moving tuesday morning, target cut its profit forecast, it says what a cost involved in the data breach, $140 million to clean up the mess, stock is down 2.5%, different story, avis looking at the future, brighter future, more people renting cars, huge increase in business at the jersey shore, that stock is up 4% right there. $60. and coach, democratic luxury, i always call the democratic luxury, affordable luxury is a winner today. nicole: there is hot and not hot. i will go with coach and talk about this. in some areas coach is really hot abroad in china, that is

where they saw sales on a rise up 7% and that helps to d for what we saw, the losses and sales in north america. in north america sales dropped 16% so you have to push toward the big picture, coach is trying to reinvent itself, particularly in north america, stiff competition over the last 52 weeks, coach is down 36%. take a look at a name like michael course which recently reported growth in north america, 30%. don't forget, up 30% sales in north america versus stinky coach, 60% lower. here's the chart, you want to see a better one? how about you thought michael course was good? the best of the bunch, outpaces them all, the best performer up 52% in the last year. coach really has been weak in the united states and north

america, particularly still doing well. stuart: thanks very much, interesting stuff. president obama has gone from choice words for america and ceos saying quit complaining, precisely what he said in that now famous interview with the economist magazine, quote, if you look at what has happened in the last four five use the folks who don't have a right to complain of folks at the top. let's go to the top for a response. here is c k e restaurant ceo and president. you run carl's jr. and hardee's, you are right at the top. the president says you have no right to complain. your response? >> my first problem with the interview the president gave in the economist was his statement the we manage the economy pretty well over the past few years. this is the united states. the government doesn't manage the economy. this is something the president needs to get over. if you look at the metrics he

says there are no metrics that show anything to the contrary that is not true. the metrics show unemployment is high, labour participation rate is low as it has been since 1978. youth unemployment, 17 record lows over the past two years and 11 of those labor participation lows were set this year. 6.2 million people and labour force want the job now, five years gdp growth 2% last week quarter's average the little under 2% and the president when we pass the stimulus, by 2011 gdp average 3.8%. by 2012-14 average in 4 prison, we are 2%, the metrics are not good. in fact people at the top should say something because who is going to say something? peter: when you run a big corporation and i can see you guys are under attack from this

administration. how does it directly affect you? you run hardee's, jr. restaurants, how does the president's policy directly hurt you if indeed his policies have hurt you? >> look at what the government is trying to do. the labor department is trying to turn our managers from salaried managers with incentive based compensation into hourly employees. the nlrb is trying to turn franchise owners into joint employers with franchisees' employees, we don't employ those people, to make it easier to unionized companies like mcdonald's they are trying to make us join employers. the epa is trying affect to enact cap and trade through regulation with their clean energy proposal, clean energy regulations to limit coal production. coproduces 40% of the energy in this company, driving up for

business, energy prices up for consumers, they have less money to spend. you can go on and on with the regulatory anti business policies of this administration. why the president doesn't see that i'm not sure but he doesn't. stuart: he wants to make the democrats look as good as they can for november. i think he has an uphill struggle. thanks for joining us, we do appreciate it. i want to move on, the dow down 70 points, the slide is stops but look at this number please. we have the actual number but we couldn't fit it all into one graphic. what we are looking at is the amount of money by which the federal debt has climbed in the five obama years. from the moment he walked into the white house to now he has added $7 trillion to the nation's debt. look who is here. cayley mcandairy, you got to pay this off.

we are paying $7 billion a week in interest and it is use that has to pay but it is not a big issue to you millennials is it? >> millennials when asked what the number one national secure a crisis was the name the national debt. i think when more young people than you realize recognize this as a threat i don't think it translates to their voting pattern obviously, they voted on the president but they recognize the threat, the most underreported crisis but is administration. stuart: the trouble is it goes on and on. we have been reporting on his five years, nothing ever happens. i can't think of a single direct consequence of an extra $7 trillion in debt. it goes over the head of most voters. >> no one is reporting it. very few shows do. we should say what do we show $47 million in debt, more than we spent in the first 227 years of this country so what do we show for it? broken immigration, broken

health care, broken presidency. stuart: if we build the national highway system as eisenhower did in 1915s, something to show for you can say okay, thank you, that was investment. we don't have investment. it is $17 trillion a week in interest ten years from now. attorney general eric holder says he is proud to be labeled an activist. judge andrew napolitano fired up against that. and activist attorney general. he is here in a moment.

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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. when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.

not much, down 46, 16-5. new poll out this morning. how do you feel about your congressman? not good. liz macdonald has details. stuart: liz: 50% disapprove of their on congressman. washington post saying this is the highest level they have seen in the 25 years they have done a poll, congress in general ranks around a level of car dealers or

journalists but this -- talking about their own -- here it is the thing. here it is what is interesting. democrats pull more favorably than the gop but when we have seen the rating of their own congressman rise the incumbent stand to lose in the midterm elections of the democrats have to watch out in the coming midterm. stuart: that was very good. cereus stuff, listen to this from attorney general eric holder. he says he sees no problem with being called an activist while nation--acting as the highest-ranking law enforcement officials. this is what he told juan williams, quote, if you want to call me and activist attorney general i will probably accept that label. any attorney general who is not an activist is not doing his or her job. guess who is here for that one, judge andrew napolitano. this team is coming out your

ears. judge napolitano: kudos to our colleague juan williams for pressing that question and inducing that answer. two ways to look at this. when is the key is an activist for law enforcement, preserving freedom, following the constitution my hat is off to him. but if he is an activist, and ideological activists if his political views will inform his judgment as to what crimes should be prosecuted and what crimes should not be prosecuted than he is not doing his job and not doing what the constitution calls for. stuart: but -- judge napolitano: whenever he wants to the attorney general, jfk appointed his brother and nixon appointed his former law partner. most appoint people who agree with them because that is the ideologies they want to. stuart: they all say they were activists. they push the envelope of the law in terms of interpreting. judge napolitano: we are either making a big deal out of a word that has many different meanings and means different things

depending on the speaker and that here or this is a code phrase i will do the bidding of a community organizer and if the black panthers won't let white people vote in philadelphia, i am not going to get involved. one of the original charges against him, that crime was committed on tape and we all viewed it. stuart: it wasn't prosecuted. judge napolitano: we saw people with baseball bats keeping white people from going to the polling place. stuart: he said no investigation or prosecution. judge napolitano: i don't remember what he said but he didn't prosecute people whose crimes we saw on tape. he has limited resources. the government in his judgment that's the ability to disperse those resources and decide what crimes should be punished. if he disperses them with fidelity to the rule of law and the constitution bravo. it he disperses them with

fidelity to an ideology, a political ideology that is not what the constitution calls for. stuart: before we went on the air i was going to ask about the $7 trillion in extra debt the president has racked up in the last five years, $7 trillion. i wanted to know your take on this. wouldn't even give me a -- judge napolitano: your statement earlier to bill hemmer but to me a little bit because he made it sound -- and i love you as you know. stuart: the fox news channel earlier today. judge napolitano: saying i am blank, don't want to say the word out loud, i want to raise this on the show. making it sound like it is barack obama's fault. this could not have happened without those phony big government republicans voted in favor of it. that is what i wanted to say. if i said that tee during the break you might have censored me. that is why i am laughing.

stuart: head fault here -- the great recession -- i am not implying blame on either side of the aisle for the great recession. the extraordinary increase in government spending as it came after the great recession. the huge run-up in government spending that occurred after the 2008 crash and that was a democrat controlled senate and house. stuart: judge napolitano: at least $3 trillion came out of republican control of the house and gave every single time. they went to the house and blasted deficit spending and voted in favor of it. stuart: moving on. judge napolitano: i love every minute with you. stuart: libertarian. thank you. i have been away for three days and i miss the guy. next, islamic militants ousting kurdish forces from three northern iraqi kurdish towns, taking control of the country's largest hydroelectric dam. will our kurdish allies get the

help they need from president obama? shingles affected me tremendously as a pilot. the pain in my scalp area and down the back of my neck was intense. it would have been virtually impossible in that confined space to move to change radio frequencies. i mean it hurt. i couldn't even get up and drive let alone teach somebody and be responsible in an airplane.

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specifically attacking iraq's largest dam, the emotional damage. weighing in on this is fox news contributor judy miller. you have an update on what is going on in that region. >> the kurds are now on the offensive end they're trying to retake some towns that they lost and one of them which they are closing in on is the town closest to the dam. to control the damn you control the town. stuart: the crisis may be of the lead to some degree. >> for the moment this is a contest that has gone back and forth, a really scary thing, that this has been going on for two months. last month i met with the kurds who had come to the united states to bake the obama administration for help, to beg them for tanks, ammunition, artillery, better rifles and the united states said no. stuart: i find that incredible. this is a complex situation but i do remember after the war in

iraq in the early part of the last decade i remember seeing the kurds advertising on american television, i saw those ads, thank you america. here they are our friends, are declared allies and friends begging for help and not getting it. that is appalling. >> the from is the administration suspects deep down the kurds want independence, they don't want to be part of iraq and the same concern is why until the last 24 hours they were unwilling to supply their own people with military assistance. they are still afraid of what the kurds might do politically. stuart: isn't iraq broken up already? >> not really. under the constitution there is a great deal of local autonomy for the three different regions. the problem is the prime minister who may or may not be reinstated is the one who hasn't been implementing the terms of the constitution so the kurds

have not been getting the 17% of the oil revenues that they are do. they haven't been getting arms and weapons, they haven't been getting the local autonomy they feel they're entitled to. stuart: why doesn't the president just ditch maliki, you lost iraq, it is broken up anyway. go with the kurds. you know they can win and they are our friends. >> their hope is they can still get someone who is more acceptable than maliki, somehow iraq will hold together. iraq is a country that has been through a lot and has held together and the kurds also are a little nervous about their northern neighbors, the turks who have been eyeing their own oil since turkey doesn't have any. the kurds and the baghdad government, the turks, everyone trying to maximize their advantage. the problem is the entire ball game can be lost if we are arguing about these things when

ices moves across the battlefield. stuart: complexities no excuse for inaction. no excuse for yet again america not helping its declared friends. that is my opinion for what it is worth. >> with you on that one. stuart: we agree on this one? you can come back. very serious question, your expertise. is really intelligence agency, the victim of a cyberattack by a hacking group anonymous? really? and at pickle hacker explains what happened next.

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learn futures from experienced pros with dedicated chats and daily live webinars. and trade with paper money to test-drive the market. all on thinkorswim from td ameritrade. stuart: one of the big losers of this day would be target. they expect that data breach is going to cost a lot of money. they spent $140 million so far cleaning up taking a bite out of future profits, lowered second quarter outlook, got promotional markdowns in america, softer sales in canada. doesn't good, they are down 3%. the hacker group anonymous is taking responsibility for bringing down several israeli government websites including that of the intelligence agency, we are joined by night lion security chief executive officer

vinnie foyer who joins us on this kind of software security material. i didn't think it was possible to take down the website, i thought they were the most secure in the world. how did this happen? >> i actually think the web site is one of the least secure systems, you don't store lot of user information on a public web site. 9 times out of 10 websites will be the most vulnerable. stuart: when you are right, didn't realize, it is the web site, the operating system underneath that. how did they take down the website? >> i am not sure. the details are a little sketchy but one of the things i am skeptical about, the hackers did say they released information that was stolen, private user information like user names, passwords and things like that

and and father research it is found those names are turning out to be bogus. you wonder how far did they get. stuart: did they know as they were being hacked, fed false information so they could take away and run with it and be discouraged later. all right. what is this about satellite hacking? tapping into a commercial airliner and the wi-fi being used? you have to tell me about this one. >> this is pretty cool, some hacker researchers announcing this week they have been able to find some vulnerabilities in the satellite communications software. one of the interesting things about this, i suspect this will come out later during the presentation, they were able to look at the software on the devices to see user names and

passwords and a big red flag but i am interested to see how they got into the devices themselves. stuart: explain this to someone who doesn't always understand technology. i am flying along in my jumbo jetliner, and there is wi-fi service on board and i am sitting there with my tablet or smart phone and doing whatever i am doing and you are telling me someone outside the plane on the ground and somewhere else in the world can hack into the system being used in that plane, and read what i am posting and read my personal information, is that right? >> i think it is a little different. i don't think they can read what you are doing. the fulmer abilities are being shown they can redirect the flights or be something much more malicious than personal information. >> somebody could take control of the plane and make it go on a different course.

is that when you are saying? >> potentially, exactly. one of the interesting things is a lot of satellite communications software being used is relatively this same. i am looking forward to this presentation to see exactly what they found and how they found it. >> on thursday the person who did this, who says he or she could do it they will tell the world's what they did and how they did it, that is thursday of this week? >> correct. stuart: i missed your response. >> that is correct. this is an eye opening presentation for manufacturers. one thing you don't want to do is hard wire your passwords into anything. they were very difficult to find but that doesn't mean someone couldn't find with the right motivation. that is a dangerous thing to do. stuart: really is. good stuff.

thanks for joining us. see you again soon. more trouble for the pga, two of golf's biggest stars out of the game, one with an injury and another with the drug problem, the wall street journal sports reporter has details next.

nicole: i am nicole petallides. the dow jones industrial average

down 61 points, loss of 1/3% much like the s&p one hundred, down 0.1%. we are looking at a ten year chart of knett which plans are moving into silicon and publishing. the stock right now is up 1/4%. movers in this cvs, a target, retail and -- retail down 21%. it has some big moves to the downside on some weak numbers for the latest earnings season and we have two of golf's biggest stars out of the game. you know who they are? stay tuned, "varney and company," wall street journal sports reporter coming up. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things,

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first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go togo to the post office ag. stuart: let me bring this to your attention. recently, she co-hosted thome view. pretty good ratings. during her conversation bonds of view, you supported israel and now you have hate mail? >> hundred of pleats about how i am wrong about is real, i simply point out the hamas charter calls for the jewish genocide. the administration is tacitly supporting if you ask me. stuart: a touch of

anti-semitism. that is the stupid thing to say. the root cause of the hostility to you? >> at point out where israel is sending out leaflets telling palestinians to leave hamas is telling them -- >> whoopi goldberg criticize your position that even though they don't have a charter of whiting palestinians off the face of the earth the question is even residents of the gaza strip don't want hamas, they want the palestinian authority back in. stuart: i am astonished at the level of hostility of someone who voices any support for israel. i was walking and 42 -- it was a crowded street, thousands of people on the street. man on the side of the road was holding up a very large sign for all to read. was plainly anti-semitic, flat out it was. and won't see what it was but it was blamed, it was awful. in new york city. i was astonished that this.

>> israel does everything right and are always demonize. stuart: glad to see you on the view. you got your start here. golf is in trouble however. this morning we bring you some good news for the sport. two years from today golf will once again be a sport in the olympics when the games kick off in rio, brazil. golf last played in the 1904 olympic games and the place in st. louis, missouri. more on golf, the pga tour tees off in louisville, ky. two stars, probably not. tiger woods recovering from recent back surgery probably not going to make this tournament. heard it again, and dustin johnson reportedly a leave of absence for two reasons, drug abuse and infidelity with other gulf wise. that casts a pall over golf, does it not? can the golf game come back.

here is wall street journal sports insider matt sullivan. it is all downhill for golf. >> it has been a rough few years, you go back to tiger woods who at this point five years ago the news came out with him and he hasn't won a major since. stuart: is there a direct correlation between the ratings for a golf tournament and tiger woods's performance or appearance. >> tiger woods in contention in any tournament doubles the ratings. the sunday ratings, you can pretty much track and especially in the majors. if tiger woods is on a leaderboard in contention you will have twice as many people tune in. stuart: financially important story because there's a lot of money involved in this. golf is a universal sport. the stars make $100 million a year. do you think golf can come back

without tiger woods? >> the people in golf like to have this progression. nicolas to watson, watson to norman, norman to woods, would still probably rory mcilroy. those are big shoes to fill land golf fans of guns oil and watching tiger woods the last 20 or 30 years they have seen things they have never seen before so the bar is pretty high. for someone like rory mcilroy to coming, doesn't just have to be a good champion but has to be not only a great champion that just an all-time champion to fill that appetite people want to see. they want to see things they have never seen before. they want to see someone come along and break technical less's record. that is what they want to see. even with more rory mcilroy winning the championship last month, already, this -- not even a full handed championship and already -- will get to 18. stuart: that is the great hope.

>> i would like to see it. it drove tiger woods from the time he was a little kid. it is what drove those audiences, he stuck on 14 and has been there for awhile. stuart: i would like to see some research on the value of those developments, housing developments around golf courses. you can buy your condo or a nice little house sitting on the eighteenth green, golf was booming, you paid a big price for that. i wonder if those real-estate values are beginning to come down. >> forget the real estate values coming down. a lot of those golf courses got the guts. the tiger woods boom essentially never really happened. there was a lot of interest, television ratings and the golf industry built golf courses in the 90s in nearly 2,000s expecting a flood of golfers but you know what happened?

when they didn't come they dug up those golf courses and put houses on a lot of them. >> muni bond sales went towards that development in desert and places like california to looking municipalities that got stuck with the bill. stuart: is it a collective agreement that golf won't come vaccine? >> i don't think it will bloom any time simply doesn't fit with this generation. takes too long, too expensive. >> it is about your football. stuart: that is true. that is another story. thank you very much indeed. two big obamacare headlines, hospitals cashing in on the newly insured patients but doctors turning away patients with obamacare plans. details on that next.

we never thought we'd be farming wind out here. it's not just building 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.

here is your tuesday morning obamacare wrap up. hospitals cashing in on those newly insured people, how much? liz: buy a lot.

i would like to bring leading edge of trends not been reported elsewhere in the media on varney. that is what we do here. giving you a little shout out. this is a big deal. new york times and other media saying health reform will bend the cost curve down. is going up. cost curve is going in the wrong direction. when you see insurers saying costs are going up because we have more patients getting back treatment for maternity services, when you see humana, well point, they say their profit is going up, premium costs will go up. the sedna ceo said the state's change health reform exchange model is not sustainable. what does this mean when you see insurance complaining about this? only when one direction, premiums go up. stuart: the stocks, helping insurers are down a little bit today, next obamacare story,

doctors, some of them starting to refuse obamacare patients, people with obamacare coverage. what are they were using for? >> they're getting reimbursed at lower rates oil private insurer, doctors remembers that at $100, medicare and obamacare doctors reimburse $80, doctors can't afford this, they're refusing obamacare patients and this will affect the million people who signed up for obamacare. stuart: let's summarize this, the stories implied that if you have gotten and obamacare plan you may have a smaller narrower choice of doctors to treat you because they're not getting paid to treat you the way they used to be treated. the cost of obamacare, the amount of money spent is going, the cost curve is bent up, not down. >> new technology and drugs, not sure these patients in the health reform exchanges will get those.

this is less than what doctors get in medicaid already. the that the trends we are watching for. stuart: it is august 5th today and we haven't heard a lot about obamacare for a couple months. we have been overwhelmed by other stories, the immigration crisis, russia, iraq, israel, hamas, and this story's overwhelmed us but it is simmering away and did the surface and comes to the 4 before the elections. >> you could goalie's puzzle pieces, government is incompetent when it comes to 18% of the economy and will fall to pieces in a matter of time. stuart: if you said that on the view you would get some hate mail. new for the next hour tens of thousands of illegal immigrant children still with -- within our borders, one says he has a solution, do it the australian way. that author will be with us and republican candidate for california governor no cashcarey

living on the road homeless for a week will be here on set. our 2 two minutes away, look at this. >> this has been one of the hardest weeks of my life. i came to fresno expecting to be able to find a job and take care of myself but it has been a weekend i have found nothing. i have run out of money and had to turn to the homeless shelter for food but i leave optimistic because the people i met haven't given up on themselves or on california. in new york state, we're changing the way we do business, with startup ny. we've created tax free zones throughout the state.

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stuart: climate change worrier tom's diner will spend $10 million in florida alone. he wants the republican governor out. meet neel kashkari. he wants to be governor of california. he went homeless for a week looking for jobs in the formerly golden state. he is here with us now and so as australian nick adams. reports on the successful immigration policy down and robert: update on ebola. how about that reportedly successful treatment made in

california? and in the spotlight for all but wrong reasons? welcome to our second hour. ♪ "imus in the morning" when you don't see this very often. the video you are watching is republican candidate for governor of california neel kashkari spending his time on the streets of fresno living homeless. he couldn't get a job, he ate in soup kitchens and slept on bingees. neel kashkari is up this weekend is in our studio with us in new york right now. welcome to the program. good to see you. most of our viewers are not familiar with what you did. take us through it. $40 in your pocket and the best of fresno. >> governor jerry brown called the california comeback. according to him we are back, all the problems behind us but the data says 24% of californians live in party.

i wanted to see who was right, the date or governor brown. i went to fresno with $40, backpack, changing clothes and hidden camera and try to get a job. i said i will wash dishes, montfort's, anything, 7 days, no one was tiring, not a single help wanted sign in the 7 days i walked around the city. my money ran out, i had to turn to a shelter for food, that is it. i lived seven days that there is no way california is back. stuart: when you shot a video during this and had a camera guy with you. >> we didn't have a camera out because that would have revealed everything. i went in with a hidden camera, we talked and got an on-camera and interviewed them but 7 days no one was tiring, closest to got to a job as a woman who owned the mexican restaurants that i'm hiring a cook. i said sign me up, i will your cooks, you need one year of mexican food cooking experience. i said i don't have that so it was really tough and the notion

that california is back rings hollow for millions of californians. stuart: you could say you picked a soft target. fresno has double digit unemployment rate. you are not likely to have found a job. you could be -- this was -- had you gone to san francisco or silicon valley you could have gotten a job. >> here is the thing. fresno matters. too often politicians focus on san francisco or setting california. what about the millions of people working on farms and there's no water? stuart: is that governor brown's fault? no water? >> we have not been investing in water storage. once this than the one hundred million dollars on the crazy train, high-speed rail. instead of investing in water infrastructure so we capture what rimini years and can feed our farms in the dry years these problems are man made. stuart: if you have 24% of the formerly golden state living in poverty, one of every four

voters, why is it democrat still get huge majorities in every single state wide e election in the state of california, why? >> as republicans we have done a lousy job. in california and nationally explaining how our economic policies, pro jobs policies help working families get ahead. stuart: okay. would you cut taxes in california? >> evocative course. stuart: they will say that is just for the rich. >> that is why my jobs plan doesn't start with tax cuts. it starts with reining in regulation, tapping oil and gas, investing in water, bringing manufacturing back. liz: you are not saying tax cuts for the rich, democrats will attack you. >> they will say tax cuts are for the rich. i have a detailed jobs plan focused on other things we can do to jump-start the economy, put people back to work and lower taxes over time. stuart: one of the mainstays of

your platform is getting fracking under northern california. environmentalist's never let you. >> what i say to them is you come up with a plan. you can't just say no. come up with a plan how to put california back to work otherwise they have to answer to the families in the food bank line and explain to them white is okay they are on welfare and don't have food on their table. stuart: regulation. you think you could get the regulation of industry sectors? you think you can get that in sacramento? >> i think so. the governor of california has powered the has the courage to use it. the governor has a line-item veto. the president doesn't have that power. the governor can go to the voters on a ballot measure by passing legislature. the president of the united states does not have that power so if you have the courage to do it and use this tool you can get big things done. stuart: when you really upset a lot of people with that video. >> i am happy about it. you know who is mad? democratic leaders who owned the poverty mantle yet their solutions don't reduce poverty. liz: what are they saying about

the video? >> just a political stunt. you go talk to the 24% of californians living in poverty and explain to them why they are living in poverty and you have been in charge for a long time. they're still in poverty. stuart: more details what it was like living on the streets of fresno. use that on park benches. >> and parking lots. five of six night i was awake and the middle of the night by the police security saying you can't sleep here, move along. they were very nice but it was hard to get a night's we. stuart: many would be no you? >> a few times, i said i am still in a documentary on the lack of jobs and homelessness, please don't tell anyone who i am. i will move along and they respected that. it is 100 degrees. i showered once in seven days, he too had met it but it is true, no place to shower. it was brittle and i only got -- i had the benefit of knowing in seven days i got to go home. liz: what did you meet? >> bananas or mcdonald's or whatever i could and then i

turned to this homeless shelter which provides food during the day for meals during the day. home was presidents that you can go there for your meals if you are out of money. stuart: that was a stroke of political genius. >> me and my team, i have been pushing on a week to be creative. stuart: would you again? >> not as in english jerry brown does not want to debate me, doesn't want to talk about poverty. we will put the dishes on the floor. liz: why not try los angeles? >> a lot of places we could do it. stuart: when you upset the apple cart, neel kashkari. very interesting to see you do it, come again. thanks very much. check the big board. where are we? the dow hasn't made that much of a move in the last half hour, we are down 70 points, just below 16-5 on the dow. s&p 500 also down about 1/2%. 1929 to be precise. the ten year treasury where we have been a couple weeks, the

yield hovering right around 2.5%. to nicole petallides, big news for the discount retailer's. what is going on? nicole: big news in the dollar store arena. the family dollar seems to be a very hot commodity. you know we have reported the dollar tree was moving forward $8.5 billion takeover of family dollar. it is reported by bloomberg dollar general is laying the bid for family dollar and that would then trump or at least challenge that of dollars free, you're talking $8.5 billion bid might be challenged. family dollar is the one that is the hot commodity in story and family dollar has moved to an all-time high. that is what they wanted to bring to you, heavy trading in that arena. stuart: tell me about chamber juice. is premature winner on down days. >> not sure if it is the aloha pineapple orca libyan fashion but these at the flavors, and

sales on the right, great news, getting by ratings and increasing their fresh juice platform as well and the stock is up 10.7%. you to date it is up 8.5% but what is great is over the last 52 weeks is a loser but you can see the recent trend has not winning one really turning the tide around here for john -- stuart: the dow was down 80 points hovering around that level and we have been a very thinly traded market, this is august 5th, the dog days of august. we will say on these markets. scott, up on the downside for the year as a whole, i can't remember, just took a three day vacation. i can't remember what you say we will keep going up toward the decline continues. where are we going? >> by the end of the year we will still have 8% 10% gain year on year and the s&p 500 will be a bumpy ride especially now.

the biggest reason, i still say the ukraine/russia tension really will have an effect on europe, europe can't get themselves together to get some serious sanctions what did they are with them, russia versus europe, europe lost the battle and they are a big trading partner of ours and they could affect us and hanging on to decent earnings but the market is schizophrenic. do you think we have a 4% gdp growth? do you feel the economy is growing 4% or 6% from the first quarter? i don't think so. as long as the market is giving mixed signals there will be folks who want to pull money back and at the same time the clouds on the horizon, the biggest one russia but whether or not you feel like this economy is doing what it is supposed to be doing. stuart: thanks very much, see you later. more on president obama's interview with the economist. a couple quote exactly what he said about wall street, quote, i did not run for office to be

helping out a bunch of fat cat bankers on wall street. fat cats. the independent's camille foster is with us. the president continues i will call that class warfare. >> that is an accurate description, these calls for economic patriotism recently, very upset about folks taking their profits abroad to avoid the corporate tax regime. stuart: i don't think the president of the united states should be using the expression fat cats, and in that dismissive fashion. that is no help to us at all at this point. >> i agree. that is not how you get to building productive policies. you attended the word big to any industry and suddenly it is something we need to take apart and regulate and bring under foot. stuart: you are in libertarian, flat out libertarian, not a moderate wing of the republican party. you are out there, believe in individual liberty and freedom. you would be diametrically

opposed to the president and the position he has taken as president of the united states. totally opposite. would you agree my characterization is he is all government all the time. you are not. >> one of the things in and economists interviewed talked about the import export bank, another ec has unfortunately flip-flop on from my point of view and for whatever reason he seems to believe giving taxpayers subsidies to corporations is somehow consistent with for the same as globalization and the two things could not be more far removed from one another. stuart: if there was another election tomorrow and president obama was standing against any republican candidate would he still get 92% or 93% of the black vote. >> i can't speak to that. we have seen the the black vote to paint with the same broad brush, go to democrats very heavily for a number of reasons. i suspect the next democratic

candidate will continue that trend. there are republicans doing the right things, to reach out to different and diverse communities, rand paul is a libertarian, but at the black journalist association over the weekend, and positive things to say if you want to do outreach to diverse communities. stuart: great place to have you on the show. thank you. next story brought to was by liz macdonald, turns out the major government pension plans benefit from companies running overseas, going over cease to save on taxes. liz: the story line out of washington is fat cat hedge funds, wall street banks and investment houses pushing companies to go overseas so they can cut their corporate tax bills, corporate tax rate is high, it is not just that gained. it is also pension-funds run for teachers and places like california, ohio and new york,

government workers funds in places like kentucky, virginia, texas and new jersey, investing in the likes of applied materials, merging with overseas companies and moving their headquarters overseas. stuart: it is good for those funds they are running. liz: to the bottom line and the pension fund returns for the firemen, cops and teachers, $2 billion of are we are calculating, drop in the bucket in the ocean of pension-fund assets. this is an uncomfortable storylines that runs counter to the narrative out of the white house. stuart: good story. the immigration crisis not going away. up next we have a guest who says we could learn a few things from australia when it comes to dealing with our problems here.

stuart: executives at netflix planning a, quote, massive step up in original content in the next two years. lauren simonetti is here.

what do have planned? >> that you will be bingeing. they have so many new regional for shows, orange is the new black, house of cards, come not in the next few years. later this month, an adult comedy. the voice of aaron paul on that and the code reader of frans has a series coming malware two women are friends and their husbands fall in love and all of this original programming coming down the pipeline, and look at the stock price which is up right now, it reached in early july, this stock is giving us what we want. stuart: the stock goes away. 424 is close to the high. >> 475 would be the high. remember the disastrous move where they separated increases by 60%? stock was doing well before that, $300, down to 60 and we

are at it now. 53 was the low. >> i was buying microsoft then. switching gears, let's switch gears here, move to illegal immigration. we wrestle with what to do here, australia has a unique way of dealing with the problem successfully i believe. nick adams is the author of american boomerang. wants to emigrate to the united states, waiting for the green card. >> you are right. we could -- stuart: what are they doing right? and across the border problem? >> in the last 7 months there has not been one illegal immigrant who made it to australia, not one has reached the australian coastline and we have done it by being tough. we have done it by dispensing leadership, done it by showing

some backbone. essentials the, we had this government that got elected in 2007. part of the international socialist un movement, they believed in open borders and they said the existing policies that was effective was inhumane, immoral, wrong, watch stuart varney and nick adams would support it. what happened? 50,000 people ended up coming to australia illegally on 800 bones. we had a budget blowout of $10.3 billion, more than one thousand perished at sea making the journey. it was devastating, an absolute mess. coming and getting everything under the sun. plasma tvs, welcome hampers, furniture, you name it they got it. these people that were coming, the overwhelming majority, they were turning up in designer

clothes and mobile phones. stuart: you said stop. did you make it clear australia made it clear that even if you did make it to the shoreline you could not say under any circumstances? >> exactly what happened. stuart: you are defining success as keeping everybody out and stopping newcomers trying to get in. you are defining success is that way, not the way success is defined in america certainly not by the center-left. >> borders are imperative to a nation that security. stuart: when you have the advantage of being surrounded by ocean. >> back bone goes a long way and president obama has shown the backbone of a jellyfish and he really needs to come and say this is america, we got to determine who comes to this country and the circumstances under which they come. if you come to america illegally denied get to stay, you'll never live here, never become an american. we don't want you.

if that message gets out and demands from the mexican government they police their own borders then i think the u.s. military does its job, the border problem can be solved. stuart: last time we had won a program you were living in the united states and trying to -- you were in australia and trying to be an immigrant to the united states. you want the green card, the visa. >> i am doing it the right way. stuart: why do you think the weight is so long? >> government bureaucracy, a lot of paperwork. took me a long time to get everything together. stuart: if you went to mexico city, trudged north across the yellow grand -- >> the bubonic plague is welcome to. stuart: that is being facetious. >> little bit. stuart: i not tempted to do it illegally? >> absolutely not. absolutely not. why would the country on law, my

first act be -- stuart: why do you want to come to america when in australia a pretty good country -- >> it is but not america. this is the center of energy and creativity. it is exceptional. no place on earth like. is full of opportunity and optimism. i love it and anybody that doesn't they need to eat hamburger and drink some coca-cola. stuart: good to have you on the show, nick adams. stuart: after the break more developments on the u.s. two american aid workers infected with ebola and more to the point, experimental drug that really does show some promise. first time use on cumins appears to be a genuine working drug. more details on that in a moment.

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. stuart: i don't play golf but i watch it on television. fewer and fewer people are playing golf, fewer and fewer people are watching it on tv. here's my take on that. it's getting worse. golf is in decline, and there is nothing on the horizon that suggests a rebound. tiger woods limped off the course this past weekend. it's going to be very hard for him to challenge jack nicklaus' record when tiger was in the

running to catch up with jack, interest in the game exploded! that's over, and then there's the drug and sex scandal that's making headlines. dustin johnson has taken a much publiciz publicized leave of absence to sort out drug problem. there are stories of players sleeping with other players' wives. not what we think of golf? football is coming to sunday afternoon. who's going to watch a no name play golf when a quick channel flip gives you the barely controlled violence of the nfl? i'm saddened by golf's troubles, it's a sport of restraint. no trash talking, at least not on the course. no violence. players call a penalty on themselves, and as a tradition of good sportsmanship. and as a viewer, you can have the game on for five hours. look up occasionally to check the drama, cook dinner, play with the kids and read the paper. here's what i'm going to do.

i shall be glued to the pga championship this coming weekend, i'm supporting rory mcilroy, he may be the next superstar who can take the game back. i may actually take up the game and play only nine holes to save time and money. and encourage seven grandchildren to take up the game. that is an investment in the family. if the next tiger has a last name of varney, the clan will be secure for generations to come.

. stuart: what you're looking at now is the ambulance traveling from the airport in atlanta to the hospital in atlanta, which contains the nancy writebol, that is a protective convoy making its way to the hospital, obviously, protective, she is a carrier, a sufferer of ebola. however, she's been treated with this, and i'm going to daal a revolutionary drug treatment, made by the san diego company which has only nine company. it's a genetically engineered drug supposedly very effective. nancy writebol is in that

ambulance on the way to the hospital right now. you're looking at it. and laura is back. she's got a report on the wealth gap. what's new on this one? >> standard & poor's is saying something that caught my eye. the reason we can't get out of what feels like a recession. there's a lack of education in this country. the reason the top 1% of earners are successful and making money is because they're educated for the most part. the answer is not raising taxes on them and their companies. it's expanding education for all. they actually put a price tag on it. s&p says the u.s. economy would grow 105 billion dollars over five years if the average worker had one more year of school. interesting take. and i agree with it. stuart: interesting take, if they're saying don't raise taxes because that won't help the economy, i'm all for it. but it's going to take an awfully long time before you

get educational standards up that much. immediate problem here. >> and making education more affordable as well. especially at higher levels. stuart: news on the billionaire investor tom steyer, gearing up to take out florida's governor rick scott. willing to spend $10 million to help charlie crist win the election. this is the president of the trip-scott law firm and co-chair for jeb bush for governor campaign. welcome back, good to see you. >> always good to see you, stuart. stuart: $10 million injected into the campaign in one state, that's a lot of money, isn't it? >> you know $10 million is a lot of money, but doesn't go as far as it used to. talk about the size and scope of florida and this being a preamble for the presidential race in 2016 because florida becomes, as always, a key state. this is likely to be, this governor's race is likely to be

close to a $200 million race. so i think $10 million, put it in perspective. stuart: okay, now tom steyer is a global warming crusader. he wants to spend this money and give it to candidates who want climate change legislation. he's a green kind of guy. >> right. stuart: do you think that will be effective in florida, at this point in time? >> no. here's why. every floridian, anybody who enjoys the sun, surf, the florida keys, the florida everglades, the springs in central florida, appreciate and to a certain extent are environmentalists. the key here is what can the florida governor do to impact and protect our environment that's so intertwined with our economy? if you compare charlie crist's record against rick scott's record, charlie crist invested

some $8 million in everglades and springs, florida springs cleanup. rick scott, on the other hand, put in $100 million investment in the continuation of the restoration of the everglades which is all important from a variety of reasons. the florida springs in the central part of the state improved the florida keys. so he has, in fact, a far better environmental record than the previous governor did. stuart: how does he do it legally? if i went down to florida and put $10 million into a campaign, i know perfectly well, that is flat-out illegal, how does tom steyer do it? >> through a variety of -- they're not called pacs or 527's now. same with the swift boat scenario. but the bottom line is they can charlie crist around the issue. whether the issue is meaningful to most floridians or not, it is -- they can find a way to

put the money in. now, i will also say, those -- that $10 million hasn't arrived in florida, and i would say to you that speaking out of turn and saying i'll put $10 million is far different than putting it in the race. stuart: do you think it could be a negative? as you say, speaking out of turn. i'm going to put in $10 million. that could be a problem? >> you're talking about somebody who does not live in the state of florida. he's from california, who actually made his money on the backs of fossil fuel coal, primarily. there's a little hypocritic nature around that. that's important. floridians understand real progress in the economy, and in their environment, and what's happened is, what you're going to have is comparative race between a rick scott, who has run the state in a certain way, certain efficiencies have been brought. jobs, over 600,000 new jobs

created. last month in june, florida was the largest job growth state in the country. and the environment, a true dedication to key elements of the environment that support not just our beaches but our water supply and the everglades, a spring system in the central florida. stuart: ed, thanks for bringing this to our attention. thank you very much. >> stuart, thank you. stuart: an explosion in a chinese factory could mean a big delay maybe for the release of the next iphone. details coming up in the real halftime report. shingles affected me tremendously as a pilot. the pain in my scalp area and down the back of my neck was intense. it would have been virtually impossible in that confined space to move to change radio frequencies. i mean it hurt. i couldn't even get up and drive let alone teach somebody and be responsible in an airplane.

as a pilot that meant i was grounded.

. >> reporter: we're looking at stocks not too far off session lows. the dow off 10 point off the day. down 86 points. a loss of half a 1%. all three of the major averages down about a half of 1%. take a look at monster worldwide, the online job site, look at that. disappointing results, guidance down almost 12%. a huge move. mgm did very well in las vegas, i know mcal is the hot spot, vegas is back. revenue rose 6% on the strip. we have seen good news originally. down 1.3% for mgm resorts.

and pennant health care posting narrow loss. keep a key eye on groupon, activision and solo after the bell. real halftime report is next on "varney & co."

. stuart: tuesday lunchtime, here is the real halftime report. nicole petallides at the exchange. tom essay in florida. cheryl casone right here. tom, you first, you predicted the dow would drop below 17,000

last week, and look at us now, 16,4. the sell-off continues, does it? >> not at the same pace it did last week. the market is feeling tired for well over a month. we're seeing consolidation of the games from may through july. i'll tell you what, i'm going to press my luck and make another prediction. i think we see a 17,000 print in the dow before we see a 15,000 print in the dow. this will stop around here. stuart: welcome back to the halftime report there, young tom, thank you. i call coach, democratic luxury, and it is a winner today. what's going on, nicole? >> we saw the strength abroad. internationally coach did very well. the stock up 4.5%. a huge move for coach. coach has been a real loser over the last year, down 36%. did well in china in particular where they saw growth up about 7%. right here in north america, they saw weakness, sales drop

16%. they did promise to do a couple of promotions, they're trying to compete against kate spade and michael kors, two of the huge competitors. stuart: i'm looking at target, and it is definitely a loser today. taken a hit. cheryl explain it. >> second quarter numbers take a big hit because of target's data breach, because of the data breach and the massive amount of repayment of debt for target, the numbers are going to be dismal. also you got people that are pulling back, consumers aren't spending as much and have a new ceo, brian cornelle, he's coming from pepsico. i think he's the right guy for the job. hopefully going to be a turnaround story. analysts are saying take a look at the stock, the stock is down because of the cost of the data breach. stuart: tom, federal debt increased 7 trillion dollars in the five obama years thus far. i say it doesn't affect me at

all. what do you say? >> i would say not yet. you know, if we look at the pace of the debt, the fact that it doubled in less than six years, that's scary. if you want be mad about it, if you want to get angry about this, think we have gotten very little for all this incurred debt. let's think about it like a business. i want to incur all this extra debt. that is okay by itself as long as it produces positive benefit. for double our debt, five years of 2% gdp growth. depleted military, social programs at risk and no wage or personal income gains. that to me is a problem waiting to happen and going to manifest itself in inflation down the line. stuart: interesting, you spend a ton of money, you ought to have something to show for it and we don't. >> exactly. stuart: nicole, what's this about video games? kids playing video games is good for them? >> this makes me want to cheer. i love it! of course i have two boys, they love playing video games.

the finding was 5,000 children in the u.k. ages 10-15 and turned out that the ones who played a moderate amount of video games were great. socially they did well, they were satisfied with their lives, versus those who didn't play at all or those who played extensive amount, three hours. my children are not surprised totally, nor do they play three hours. this is right in my wheel house. for parents worried about video games, this finding by the oxford university, it's good news, it's okay, other things matter more. how are their school relationships? are you a functional home? are they materially depriveed? do they have a food and bed. those are things that affect them, not the video games. >> my grandson turned three over the weekend. i went up to see him. i gave him a tablet, and instantly he knows exactly how to use it before i do, which is really quite something.

>> cool. stuart: the kid's good at it. to tom, the president says ceos are whining. you say they've got good reason to whine, don't you? >> absolutely. to borrow a line from the president, seems that 2012 has called and wants campaign slogans back. you can't bash business leaders every time you want an uptick in poll results. it doesn't work anymore. they are sick and tired of the economy not being a tailwind on the businesses. they've improved profitability over the last five years by cutting costs by time for the economy to help businesses instead of just being stagnant. they may be whining but workers are whining too because they want pay raises and can't give it to them without a general broad recovery. stuart: i think cheryl has one of the more interesting stories of the stay, the iphone factory in china that could be shut down, give me the news. >> huge explosion. 75 people were killed.

that factory did metal polishing. fox con, does metal polishes of the iphone. inspectors are going out. the chinese government sent inspectors to check out factory. if they shut down the plant that could delay the iphone 6 expected to come in mid-october. major problem for apple. nothing they can do at this point. zeal to wait and see what the chinese government does or does not do. you have to polish the iphone, you can't sell it unpolished. this will hurt apple. stuart: that's an indirect effect. an explosion here in the same kind of factory that foxcon uses or has to polish it up. there is no direct connection between the factory and the government? >> it's up to the government whether they shut down the factories or delay what's happening at the factories. either way, apple could be in trouble. stuart: that's it for the real

halftime report. thank you, one and all. leave a bad review on a hotel website, get fined $500, really? more on that next. your 16-year-old daughter

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. stuart: at the u.s. aid worker nancy writebol arriving at the hospital in atlanta. you're about to see her ambulance coming into view. underneath that tree canopy there. she's received already that experimental drug zmapp, she got two doses, she is showing improvement. that treatment will continue at emory university hospital where she has just arrived. we'll update you on the story as it comes in. the story not just nancy writebol, it's the use of the zmapp that look like it's effective. here's something you don't hear every day, a new york hotel charging couples who book weddings $500 is the charge for every bad review posted online. lauren simonetti tell us what it's about. >> we talk about reviews and how a bad review could kill a business. this upstate new york hotel union street guest house tried to prevent that from happening.

come have your wedding at the hotel. just know bride and groom, any guest who doesn't like it and posts a review on any website that's negative, we're charging you 500 bucks. stuart: can't do that. >> if they take the review down, we'll give you your $500 back. listen to what's happened since the policy began. stuart: it's been in place two years? >> no one noticed it. we have a statement, the hotel putting on facebook earlier today it was tongue-in-cheek, they never really enforce it, and went onto change their policy. listen to what they changed their policy to. please know that despite the fact that wedding couples love our inn, friends and family may not. guests may not understand what we offer. therefore we expect to you communicate that to them. that's pretty grouchy, if you ask me! you can't control it. they are absolutely serious. i tried to call and e-mail them all day.

nothing. no response. stuart: hold on a second, back to emory university in that is nancy writebol, the ebola patient being transferred inside the emory university hospital, and she has been infected with the ebola virus and has received the zmapp treatment, that's becoming a very important part of the story. zmapp is the treatment, it's made by mapp, m-a-p-p pharmaceuticals in san diego, california, a genetically produced serum, which we're told has had very good results treating ebola patients. keep you up to date on this one. big story. switch gears totally to real estate. miami is not the only bright spot in florida. cheryl casone tells us naples is fabulous. >> luxury home sales are driving that market. 156 homes sold for $2 million

and up between april and june. jump of 42% for luxury homes in naples. what's interesting right now, beautiful place and having a lot of flooding right now. the boom in real estate is coming to naples. stuart: we showed you the ritz-carlton. >> you were saying it's a luxurious, wealthy area of florida. stuart: it is. >> a lot of the miami money. a lot of american investors are priced out of miami because of foreign money flooding into miami, they're pick places like naples because they can get the better dollar and conventional loans are picking up in collier county. we got the data from the board of realtors and told us loans are coming in, people are buying and staying in naples. stuart: i have a home in naples, that's good news. more varney next. ♪

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much. here are the alternative investment stories we are following. sources say goldman sachs pulling cash from one of its largest internal hedge funds. julian bare from "wall street journal" has more. ed connor is here, he's going to tell us where he sees growth in the business behind all the brands you know. and speaking of growth, six of the world's ten fastest growing economies are in africa. peter barnes is there, he's in d.c. 40 african leaders are meeting with u.s. business leaders. we'll bring you there and give you statistics as well. speaking of which, $7 billion. this is the amount of money that goldman sachs investment partners launched with in 2008. it still stands as one of the hedge fund industry's biggest launches ever. it's a drastic change, it includes dropping poor performing clients, as for