"varney and company". sandra: britain's prime minister has a plan to deal with ice is terribly stuart: president obama says he doesn't have a strategy. the president says the economy is doing just fine but we the people do not see it that way. it is friday morning. here comes the holiday weekend and we have a lot to tell you about. we will deal first with money. plenty of jobs. the economy is recovering. that is what president obama said before he heads to a barbecue fundraiser with his hedge fund house. are you basking in prosperity? you are not. pew research says there has been a huge drop in the number of people who see themselves as middle class and the census department shows one third of us get some kind of government handout. there is a refuge disconnect. the spin from the president and the reality on the ground. we are on it. "varney and company" is about to begin.

>> grew at a stronger clip than we originally thought. companies are investing, consumers are spending. over the past four years our businesses have created 10 million new jobs so there are reasons to feel good about the direction we are headed. stuart: let's start with the money angle. mary kissel with the wall street journal editorial board. what a disconnected between what the president spins on the economy and how we the people feel about the economy. here is my question. do you think the president really believes his spin? >> no i don't. our wages are not going up. food prices are rising, health care costs are rising, we are getting taxed to death. the average american is experiencing none of this supposed growth a president is trying to promote.

cbo report that came out yesterday that he was talking about didn't help his case either. cbs a 1.5%. stuart: that was the growth rate. >> 1.5%. stuart: i want to have this number out there. this is a pew research poll. in 2008 they setup you middle-class or upper class? do you consider yourself what? 71%, middle-class. today 57%. you have gone from 72 to 57 on the perception of where you are in this society. >> americans are making more money than they were the year before, marginally more money. they don't feel wealthier. it is harder for them to find a new job if they lose it because the economy is not generating the job growth, less of a risk, to find something better. and on top of that, rising

health-care costs. stuart: the growing threat from isis, the latest video, we will show part of it from syria showing isis terrorists lining up 215 near naked syrian soldiers. they are being marched through the desert and are executed on masse. we won't show you that obviously. president obama says he has no strategy to deal with this. listen to what he said. >> i don't want to put the cart before the horse. we don't have a strategy yet. stuart: congressman jim jordan, republican from ohio joins us now. deal with what the president just said the first time want to play you a clip from britain's prime minister, david cameron. he was speaking about this just moments ago. >> this is not some foreign conflicts thousands of miles from home the week and hope to ignore. the ambition to create an

extremist terror state in the heart of iraq and syria is a threat to our own security here in the u.k.. it is a poisonous ideology of islamist extremism condemned by all faiths and all faith leaders. we have to confront it at home and abroad. stuart: britain's prime minister is prepared to use the word is monetarists. president obama won't go near it. >> quite a contrast. i think like most americans i am concerned about the president's statement where he talked about we don't have a strategy yet but frankly when you think about this administration, this reactionary lead from behind approach, probably shouldn't surprise us that in fact they don't have a strategy yet. the president needs to follow the constitution, bring it to

congress, debate and confront this evil terrorist organization isis and take the approach we heard from the british prime minister, this is as serious as it gets. stuart: if you go in front of the american people right before the long holiday weekend, right before you go to barbecue, before you do that you say i have got no strategy you are exposing the president and our country to huge political risk because of one of these guys comes back and commit a terrorist act and we don't have a strategy we look really bad and the president really loses big time. >> all the more reason the administration needs to bring it to congress and debate and get after this and recognize how serious and how evil disorganization is and what they are trying to accomplish. as the british prime minister made out a few minutes ago. stuart: tell our viewers why the

president is taking this particular attack at this particular time. >> other than what i said, this administration has taken this position, what i would call reactionary lead from behind approach. the washington post had a piece on this talking about this lead from behind the approach that they have taken. it is not what we need when we are confronting something as evil as isis. stuart: what is your judgment of america's mood? not many people want to put. in the ground and sent in the marine corps but i suspect that there is some encouragement for a consistent bombing campaign, take it militarily. there is enthusiasm for that. >> i think strong, not -- in the united states congress i think we understand let's use all the air power we can to go after. this organization murdered an

american journalist. it want to start this terror state. let's use every bit of air power we can to go after is these guys. stuart: is that the consensus in congress? if the president brought to you a suggestion, maximum use of airpower, arm the kurds, you would say yes? >> i believe so. i have not talked with a lot of my colleagues about this but the ones i have, that has made a lot of sense and as i talked to constituents around our district that is the impression they have as well. stuart: congressman jim jordan, thanks for joining us. was short notice to bring in prime minister cameron but appreciated being with us. mary, you listening to the exchange with congressman jordan and heard what britain's prime minister had to say. your thoughts? >> there is no diplomatic solution to isis, there's only a military solution. whether it is an american military solution or a coalition of forces the president seems to suggest you wants a coalition,

that is fine but ultimately we will have to act like prime minister cameron said and the only reason in my mind president obama is not acting is because he can't admit he was wrong. the strategy he has laid out for six years hoping this threat would go away is coming back to bite him made a big way and for once the guy has to put national security above his own political ideology and political interests. stuart: what shocked me from primus the cameron is he was explicit that it is an islamic threat. no question. >> david cameron is not the world's strongest most conservative tory. it gave -- david cameron -- that is a big deal. stuart: he is the prime minister of a country which has a very large muslim minority. it is increasingly segregated within britain and poses a threat in britain but he is standing up and saying we have an islamic threat. >> they have a soldier be headed on a london street year-ago and

we didn't hear this rhetoric out of cameron. stuart: on camera. >> he should have been saying this a year ago if not two or three years ago. remembers this thread is not new. it has been in the works since 2011. stuart: where are we going with this? the president has changed his plan, he is going to the fund raisers in westchester and newport but is coming back to d.c. tonight, not going to stay overnight away from the white house. >> reporter: this plan marginally but doing a fund-raiser. stuart: no one would care if he was doing fundraisers if they had confidence he has a vision for foreign policy that would protect america and our interests around world. we are covering the fund-raiser is because that strategy is not in place as he admitted yesterday. stuart: i am not going to try to link this to the stock market's performance. this is a story about america, where it is going and what it is going to do when we are confronted by true evil.

>> end of feckless leader. stuart: check the big board, there is no connection. i don't see a connection between what is going on on wall street and what is going on in international diplomacy or military movement. we are down 13 points. the s&p 500 ever so slightly lower. this is the friday before the labor day weekend, the slowest trading session of the year. on track for that, don't expect a lot of trading. a big name you know and a new high, tesla moving today up 6 bucks. >> they get so much government support i can't get excited about tesla. they are handout. stuart: when you are not buying elon musk's pr? >> he is a great businessman but as would not exist without government help. stuart: okay, you are on the ball today. where is the price of gold today? i will tell you right now,

$12.88, we are up and flat on these markets. how about the price of oil? going anywhere? up $0.59, $95 a barrel because you have got this right now in the middle east, a threat to the oil supply vaguely. here is the market i am interested in. the yield on the ten year treasury. 2.3%. i set every day that is historically a very low level. check this out. something really different. google testing its own drone delivery system in australia. the google drone can take off virtually, fly straight, hovers over the delivery spot, let's down the package on something like a fishing line, drops it off. that is the prototype. it can carry candy, dog treats, water, radios, the test of the 3 went to a couple farmers in the australian outback earlier this month, great place for this

thing, it is wide open. is going to take years before this google system is operational. amazon is working on its own drone delivery service. later this hour we will try to explain the difference between amazon, google, drone delivery. how about teen sensation captured the imagination of tennis fans in the first week of the u.s. open. heard dream run unfortunately came to an end, she lost last night, she is 15 years old, still a pretty good story. here is what we have got up next. doctor who has found a way around obamacare. doesn't take insurance but is charging less for his medical procedures than the cost of most obamacare deductibles. we'll know what you are getting and what you're going to pay. posters up front on his web site. is that what nancy pelosi had in mind? >> we need to pass the bill so you can find out what is in and away from the fog of the

controversy.

stuart: apple hitting a new posts with high. give me the good news. >> it is of 10%.

and 52 week highs. and xp to put the pay in the new iphone that is expected to be announced september 9th so we will see and if apple is competing more with google and google walleyed and paypal. stuart: i like the look of that chart. how about 10%? time is money. we don't have much. in thirty-second as president obama attending two fund-raisers today one in utah, rhode island and in westchester hosted by big-time wall street guy, the president barbequeing with the people he once called fat cats, raising money. two hurricanes creating dangerous living conditions on

both coasts. 20 foot waves in newport beach, calif.. swimmers on the east coast warned of dangerous rip currents but i got to say, i know you don't approve of me saying a lot of people don't like big waves on the beach. >> that is insane. stay off the beaches. stuart: when you don't say off the beaches. >> taking a line from chris christie, get off the beach. stuart: real advice from janice dean, the weather machine who will show us later. iceland's -- doesn't sound like an icelandic volcano. badabon badabonga. it erupted. scientists same minimum levels of cash have been detected, no flights have been grounded. i am tempted to say yet. try this one. is the government says bean counters reveal the downside of

obamacare. you dig into the cbo report and you find this. obamacare subsidies discourage work. why get a better job if you lose the subsidy? this is not the way it was sold to less. >> no it wasn't. fault wall street journal showed three federal reserve studies that anecdotally back up what the cbo found. the cbo report was interesting for number of reasons, the cbo downgraded gdp growth, said taxes are way up, as a percentage of a economy and $0.85 of every additional dolla

tell me how much kids and how much to have my legs this tour my shoulder adjusted. i know the price before i get

there and i am going to save money if i come to you because the obamacare deductible is much higher. have i got it right? >> we put our prices online a little over five years ago and people have been streaming in, people find they can buy health care cheaper than they can buy the coverage. it is not just the obamacare plan, is the affected this legislation has had on premiums on everybody's insurance policy. people have more deductibles and exposure to levels they pay $3,740 for a knee arthroscopy, and any church plan, a $7,500 deductible and a 20% co-pay at facility not making a profit.

stuart: i like to see a man smile. what about liability insurance? you are so cheap can you cover the liability? >> the focus is how low our prices are. stuart: when i asked question. had very low prices. don't avoid the question. how do you take care of liability insurance? >> we all have liability insurance with huge limits, he had 60 surgeons and my facility and we all have liability insurance. stuart: how do you get the price down so low? >> our facility is completely unknown and controlled by the doctors who work there. and in the equation, that is the

hospital. we don't have buy out positions, we don't buy out competitors and we are not building buildings all over the place. and represent what it costs to do it with care. stuart: i am sorry we are out of time but you are a welcome guest on the friday before labor day talking about a decent price for a need procedure. dr. keith smith. excellent. thanks for being with us. appreciate it. watch out, amazon. google as a package delivery drone of its very own. all the details on google's top-secret project after the break.

stuart: the king of screening, netflix, just purchased exclusive rights to nbc's the blacklist pay $2 million an episode, the most lucrative streaming deliver.

before we move on we found something that mary kissel likes. get rid of this for a second. she hates beaches. >> i hate beaches during a hurricane. stuart: she does like a series called covert affairs which is about sex and spying. >> who doesn't like those things. stuart: no comment. >> home to james bond. don't you love spy shows, movies. stuart: take a look at splunk. up she goes. there we go, 20%, a good forecast. not bad. watch out, amazon. google is getting into the droned delivery business. as you can see they are testing a drone system in australia. that is the current test in australia.

you like australia? >> absolutely. stuart: it is called project wing, the testing going on here. this -- we have been looking at the videotape google has provided. it is not like a regular drone. it is not a fixed wing thing that drives around. is more like a jump jet. it goes vertical, takes off, flies straight, the trees, let's down a fishing line, delivers the package and goes back up and goes home. that is different, isn't it? >> the engineering is a feat for google landed is a mixture of the helicopter and a plane and has great speed and great accuracy. this is a great win for google and the google x team. stuart: you can test it in australia. >> it is run by conservative, tony abbott. love this guy. that is what you were going to say. stuart: i was going to say totally wide open spaces.

that is a normal view of australia, there is nothing there. any comment upon that? >> australia is sparse and they have a government that allows testing on drones in a way the states have not yet approved so you are seeing a lot of companies doing their testing in australia which is a win for australia and technologically savvy. rose are flying everywhere in australia. stuart: i want your judgment. is that kind of system we are looking at, that is viable. you have a lot of regulatory hurdles to jump over but that is a viable system, isn't it? >> it is a viable system but amazon has a viable system too, a different kind of delivery mechanisms. amazon looks more standard like the typical drone and google is a little more advanced but self flying vehicles as they are calling them hideaway of of the future for a lot of major companies. stuart: the amazon drone can't cover, can it?

>> it is not hovering. google released the wire because they realize people want to grab the package from the drone and there was a chance they would get hurt because of the propellers so they figured out of a fishing wire. google has said they are years from having this be a product that is in use. this is a prototype. amazon said next year if they approve it we are ready to go. stuart: i found out the amazon drone can cover up to a point. not quite the same as google does. we are fascinated by this and you are too. stuart: i agree with you. thank you very much. we were all excited for the long weekend, here it comes but should we really have a national holiday that celebrates big labor, the unions for example? we have a debate on that kind of tongue-in-cheek but we're going to debate it but we have wrote

to, they make video streaming boxes, they have a tv of their own, plug it in the way they go. the wall street journal says this is a device that will help you cut the cable cord. and more than 50% of teenagers cannot change a tire. lucy 0 of honest 1 auto care says she is trying to change all that and she will be with us in the next hour but coming up next, isis, funding their terror campaign with oil money. all the more reason in my opinion why we need to drill for oil and gas right here. so why isn't president obama gung-ho to go get what is ours? i ask everybody is this question. i am waiting for a good answer.

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speak to you the latest from ukraine. russia has no right side about its actions gave you great.

mary kissel, you have some news. >> finland is saying it scrambled fighter jets. stuart, a lot of countries on alert. not just drifted this morning. >> this is a geopolitical development. no impact on the stock market. the dow is down. we are moving up 17. i have to caution you. this is an extremely slow trading session. energy independence. 2 billion a day selling on the black market. robert covers this crisis. he joins us from austin, texas. i asked the same question about energy. why is it president obama going

gung ho to drill our own oil and gas? >> he is a democrat. >> you can do better than that. >> democrats for decades have been bashing the oil and gas industry. the obama industries understand the importance of the shell oil. they have said very positive things about natural gas. what is remarkable, the production is rising and rising remarkably. stuart: that is natural gas and to some degree oil. fracking takes place on private land. if you open up public lands to drilling in fracking and say get out there and do it, our own

energy production would go up exponentially. do you think she believes that the world is warm enough and we just have to cut back on fossil fuels? is he a global warmer believer? >> there is no question about that. the administration is now trying to push through global warming that would supposedly name and shame developing countries. i think all of that, really, for the average consumer in america does not really matter. the increase oil production in the u.s. is effectively at his estimate saving u.s. voters $100 billion a day. that is remarkable. stuart: it certainly is

remarkable. it could be that the president is, i hate to be saying this, bought off by very rich greenies that campaign for climate change and give money to fossil fuel. that could be one of the reasons, i guess. >> that is the center for american progress. one of the leading ones. the reality is, the administration, at this point, is really kind of leading what happened in the oil and gas industry happen. we have seen an increase of $1.2 million a day. stuart: i have mary kissel with

me. they say they are from the poor. they are keeping energy prices artificially high. >> you raise a great point. passing renewable energy mandates that are clearly having an aggressive impact on people with lower incomes. they are forcing higher-priced electricity into the marketplace. stuart: all right. we've got it. thank you very much for joining us. roger goodell. tough new policies. too little too late. we will deal with that next. ♪ time and sales data. split-second stats. ♪

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♪ nicole: we are on the floor of the new york stock exchange. this is your fox business. the dow industrial is up about 17 points. the nasdaq is higher. august is a pretty good month for stocks. here are some of the winners on the dow jones industrial average. home depot, caterpillar and united. some movers today include tesla. apple also hitting a new high on

reports of cosco paid technology. one of the biggest losers on the s&p 500. wells fargo is not sure about the plans. we will have more coming up. ♪ my mother made the best toffee in the world. it's delicious. 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.

stuart: the video you are seeing

is ray rice. he is set to miss just two games this season for knocking out his fiancée and an elevator. roger goodell made some surprising rule changes yesterday. joining us with insight is "wall street journal" sports reporter, kevin. first time you do this, six-game suspension. second time, and accident suspension. >> i think he was so surprised at the backlash. obviously, there are some issues there. they did not have the infrastructure. i think you said, you know what, i will just go ahead and put these steps in place. i think you is a big stand by

him. it will change how people view the nfl. stuart: is it possible that ray rice is team will take a new look at what he did in light of the new regulations. maybe retroactively change the number of games he was suspended for. >> they have supported ray and he is sorry for what he did. he is sorry for the whole thing. i think the intriguing thing we will be whether written ray rice will be a second or not. it will be very interesting to see what happens. stuart: briefly, kevin, would you say that the new rules that mr. good dell just announced will be well received in the football community.

>> yes, absolutely. the president was not even told about this until an hour before hand. they are all board for this. everybody is on board. stuart: kevin clark, thank you so much for joining us on short day notice. appreciate it. to political events for president obama and then to rhode island. >> the press conference yesterday, stuart, very very frightening. stuart: in a moment, josh earnest will take to the podium in the white house press room. >> the white house already tried to explain. it is not much of a clarification.

stuart: earlier today, britain's prime minister went out very strongly. he said, i have a plan. >> it is not just britain, canada, australia, even france. stuart: the president has modified his travel plans for today. he is staying overnight outside. he is going back to the white house to spend the night there tonight. a modest change of plan. dangerous pete conditions on both coasts. rip currents could put a damper on the holiday plants. we have the forecast next. ♪

stuart: josh earnest is now delivering his daily white house briefing. he is answering a question right now about whether or not we will raise our terror threat alert as the british has already done. >> they are fighting along i sil in syria. this is a threat that the united states has been focused on. we have been correlating closely with our allies. we have been doing that by cooperating through law enforcement channels. >> i do not anticipate at this point that there is a plan to change that level.

stuart: just answering the first question of the day. we will not do that immediately. we will not raise the terror threat alert here. we are monitoring what he has to say. i am sure there will be questions about what the president said yesterday. next case. do you have beach plans this weekend? a third of america does. it looks like there will be some big waves. look who is here. janice dean joins us now. welcome aboard. >> i am not a surfer. >> you are not going to recommend going in to see.

>> no. you are putting the lifeguards in risk. stuart: janice you are talking about in the sea. there is nothing wrong with the beach and the sand. >> this is a hurricane that did not make landfall. it was 100 miles off shore. very strong, life threatening rip currents. it is moving away from land. this weekend should be much better. if you are not an experienced swimmer and you are not an experienced surfer, you should not be out there. stuart: well said. do not put the fear of god on people that sit on the beach. >> during a hurricane, you stay at home. you get your batteries.

[laughter] >> it will be a beautiful week in for a lot of beaches. stuart: i am going to naples. >> you are a bodybuilder order on -- you are a body border. >> a nasty message on facebook complaining she was not getting enough time to prepare her son for the school picture. why is it every single day there is something new that i dislike. are my standards really that high? janice dean is a mom and she has written a book. >> this is me playing the violin. listen, you did not give me enough time to get my kids wardrobe in mind. this is an easy way out.

you do not want to make any combination so we do it online. i think there is a history here. i think this woman has done this before. stuart: thank you very much, janice. have a great holiday. stuart: watch out. we have a union supporter with us. an executive order on immigration. that is a texas border district. they are calling it the tv that could help you cut the cord from cable. a company which makes it. the second hour is two minutes from now.

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stuart: the labor day weekend is about to begin. i think it needs a new name. i will have new suggestions in a moment. other days we get off work. thanksgiving, best family feast day of the year. martin luther king junior. memorial and veterans day. god bless them. then again, god bless them all. if this is a celebration of the union movement, sorry. you lost me. why not free market. or capitalism day. it does not have that much of a ring to it. what has made the biggest

contribution to our prosperity? come on. no contest. we are trying to keep the mood fairly light. let's hope the union guy who joined us next season it that way. ♪ stuart: joining us now is author of the state of the unions. don't you think that is much better than celebrating millions. >> stuart, you never cease to amaze me. one day of celebration.

you celebrate capitalism. and free market. as we should. i cannot believe -- stuart: sharp edge there. wait a minute. unions and industrial america contributed to tens of millions of dollars to asia. there are demands for irrational and unpayable pensions. i do not think we should be celebrating that. >> contributing to the bankruptcy of the public sector was your friend on wall street and the banks that caused the crash. steelworkers in pittsburgh or

their colleagues around the country. rather the export deals in the tax policies that you support that encouraging the exporting of jobs. stuart: enough of that opening gambit. that was not the banks. who can argue about that? the deindustrialization of america, that is ridiculous. especially in the automobile industry. are you going to give me a hard time on that one? they are way more regulated. last i checked, they are blooming. stuart: they did not have bloody-minded unions. >> they did not have to be

bloody-minded unions. if the employers here would be a little more light, they would not have to be so aggressive here either. >> what i would encourage you to do is rethink this. unions have been patriotic. they have helped build this union. every time labor has been strong. stuart: it really is shrinking. that is no joke. you truly are out of the private sector there. i will go back to a question which i have asked you several times. do you really think that apple or google or microsoft or

facebook, the innovators of the world, if they have been 100% unionized from day one? >> i will answer that in a second. labor group from 14.4 million from last year to 14.5 million this year. they can go from there if they decide not to. last year, boeing, anheuser-busch, the nfl, they are doing just fine. the last i checked, boeing is very skeptical. if it does not work in some sort there's, that is up to the workers and management.

stuart: i want to thank you very much for coming on today. happy capitalism day to you. [laughter] the dow is coming back just a little bit. s&p 500. it is back above 2000. there is some trouble overseas in the middle east. that is why it is going up. google testing drone delivery.

nicole: google and google x team. strong delivery in australia. two and a half feet high. they put the goods in the wings of the plane and drop them off just like that. we have some major tech companies. the faa not saying whether it is okay to fly commercial drones here in the u.s. special approval. >> we see google and amazon. stuart: two thirds of this country, there is nobody there. >> we will see where they go

next. >> thank you very much, lauren. stuart: president obama friends to sidestep congress. it will directly effect the constituents of congressmen from laredo, texas. you are a democrat. you are in a have the district. are you in favor of it or no? >> first of all, we would have had a bipartisan reform. i think the home and security secretaries have given some advice to where you can go. i do know he has a very limited contour that you have to work with. he does have to repeat what he can do.

stuart: congressmen, you know where i am coming from here. if the president did have to react without congress, what would you say to that? i know your district is heavily hispanic. you are right there on the border. what would you say? are you for it or against it? >> again, it depends on what he does. if he goes outside and tries to do a full comprehensive immigration reform, i disagree. >> okay. i just want to break into a different subject for a moment. josh ernst said there is a plan to raise the terror threat level here. the british are raising their terrorist threat level. they did that an hour ago. david cameron went in front of

the public in britain. what do you say about this? we are now prepared to raise the terrorist threat here. what do you say about this? we have no strategy on isis. >> again, i do not know if that is what he meant. this is the threat that we are facing. we will be looking at that time frame. we have to be ready and we have to get advice every single time. the bad guys have to one time. that is why it will be so important that we are ready. we need to go into syria. we need to go after this. stuart: do you have any feeling of worry about the president's attitude? he does not use dramatic terms.

he does not say that kind of thing. he said it is more likely have to contain it. he does not stand up for the questions that are being slaughtered. then he leaves from a couple of fundraisers today to go to a barbecue with a couple of wall street hotshots. come on, mr. president, get to grips with this. >> yes. i wish we would deal with a little bit more passion from the president. he just, a very different approach. when you see that effort, i, personally, would use words. stuart: congressmen, henry, i am

sorry, the wind is line is breaking up a bit there. we thank you for joining us on this friday. have a good labor day. stuart: let's get back to the disconnect. here is something to back that up. according to gallup, fewer americans identify themselves as middle-class now than ever before. it was 72% middle-class in 2008. from the senses department, more than a third receiving some welfare of some kind. july personal income growth. the numbers came in this morning at about four hours ago. here is what mary kissel with the wall street editorial board said about our economy last hour. >> food prices are rising. healthcare costs are rising.

we are getting taxed to death. none of this gross. stuart: president obama did trumpet what he called the economic recovery yesterday. we will talk to someone from last owned smithkline about their new trials. we will also talk with the executive that is trying to teach young people how to change a tire. next, the television that will help you cut the cord from cable. ♪ [ bell rings ]

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stuart: a question which we will answer. same company that is about to get one of the highest asking price is for a skyscraper ever.

jeff flock joins us from illinois. >> steve swarts been was there. that is your hint. the largest single-family landlord in the country. last year fox don't thought almost 20% of all of the new homes purchased in oak forest illinois. they obviously have a lot of them. private equity spending about $20 billion over the last couple of years to buy these single-family homes which they now rent out. now, they have a nice investment. even president obama, believe it or not, has accredited private companies. pretty good story.

stuart: when they came in and bought such large numbers, they put a floor under the market and health prices go up. now, they are not buying as many as they did and prices are leveling off. they are not in this market yet. >> well, they are not. there is some speculation about what companies like blackstone will do about these properties. i just talked to the guy that runs this one. he says they are great landlords. [laughter] stuart: when it have been nice. the makers of those streaming boxes that you hook into your tv. the service is baked right into the unit. they are getting some pretty good reviews, two. this may be the tv that helps

you cut that pesky cable cord. welcome back. good to see you. i want to make sure i have this right. i buy a tv. i just plug in one time and bingo i have everything. is that accurate? >> yes. smart tvs are riddled with complicated menus. they do not have a lot of streaming options. we have created a bowe bergdahl the reference. it really is a much simpler experience with a lot more streaming options. for example, a lot of people have trouble changing on tvs. we have combined all of this into one simple home screen. >> you are right. you are so right. i have real problems figuring

out how to get what i want on the screen i am paying for. i have to ask my teenage kids if they can do this for me. it seems to me that maybe you have beaten apple to the punch on this one. >> we do not know what apple is working on. we have been working on our tv for the last 18 months. it has been a big project inside the company. it will be a big contributor to our growth. streaming is a huge business. this year it will stream over 3 billion. that is just the little boxes. with tv, i think it is just another segment. another way to stream. everyone will be streaming tv. stuart: yeah, you got it. can i stream with nfl games on

roku? >> we have espn watch. stuart: live nfl games? >> to be honest, i am not sure which has the rights. there is an nfl channel on roku as well. stuart: i think we've got that. how much? i have to ask. how much is the tv? i am sure there are different prices for different sizes. >> there are a whole bunch of different ranges of sizes. we have teamed up. they have huge scales. they are growing rapidly in the u.s. with their accommodation, they can really bring it down and make them affordable. a 55-inch tv cost $650.

that is probably one of the least expensive tvs on the market. stuart: that is huge. 55-inch $4655. okay. anthony wood. ceo of roku. thank you for joining us. we appreciate it. up next, is this a medical breakthrough? human trials on an ebola vaccine. ♪ you're driving along,

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see car insurance in a whole new light. liberty mutual insurance. ames and both of them are touching a new high. that apple. earlier it was one 100 and the dollars and $0.90. tesla hit 272, that is an intraday high. glaxosmithkline starting production of an ebola vaccine, human trials could start in the next few weeks. joining us is the vice president of public policy who joins us in new york. welcome to the program. you are going to do tests on humans. you have of vaccine and have to test it. test in america, britain, molly,

how does it work? how do you test a vaccine? >> vaccine prevents the disease, it is not -- stuart: people already got it? >> not that. the purpose -- to make sure the vaccine is safe and also to make sure it emits the immune response of people do not contract the ebola disease. stuart: you get a load of people perfectly healthy, you give them the vaccine, then what do you do? expose them to ebola? >> fortunately with this human trial it will not be contracted with the ebola virus. it is not part of the vaccine. it is a simulated proteins that will go into these humans and they will ecit a protein that emit the immune response that they will not be -- absolutely not. >> what

response in their bodies to what you just put inside. what reason do you have to think this will be a success? >> very promising in non human trials and primates and the most promising thing we have to dates so that is why they advance this to the human trials testing. that is why they expedite regulatory approvals to start that trial which is helpful. stuart: can you scale up? >> absolutely. part of the announcement was the u. k government and wellcome trust is donating $4 million to actually produce 10,000 doses of this vaccine. it does prove it has effectiveness against the disease and that can scale up and get high-risk populations, that will be determined by the health organization. stuart: when you are not in this for profit? >> not for this situation. we were asked by the who. they won't be able to pay for a

vaccine. this is part of a broader by a security strategy, they have been in this space for many years and this is a commercial opportunity for stockpiling. stuart: i just have one question, that is liability. there is very few left and claims made about the results of the vaccine. how do you covered the your liability? >> we were covered by this liability, we had the exact same safety protocols. it is expedited and following all the protocols to ensure safety. stuart: we would like to thank you for bringing it to the audience's attention. a possible ebola vaccine. most teenagers have no idea how to change a flat tire.

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stuart: the dow has turned po

we have the u.s. >> walking down the aisle and i don't sit next to them. that is where i coming from. stuart: you don't have much to do on the trading floor. >> it would be an extra, extra drinks or meals. next to the seat in front of me, it doesn't matter. i brought my own. never an issue. stuart: you get one little dispute about reclining seat and they stop the whole flight, bring it down in boston. everybody has to get off, everybody is delayed. ville holding is next up. they can't fix this in the air? they can solve a minor league

dispute? you settlement, a guy like you, trader on the floor in chicago, you said let. >> wouldn't have gotten started. they need to go to the offender. the offender is a need to take care of, how much money does that do? that will be astronomical. stuart: back -- you go to g 6, don't you? >> gm sells 6. stuart: you have a great weekend, could weekend. the latest knock on the so-called millennial generation a new study that says teenagers down know how to change a tire blew so what is what i think. 52% of 15 to 17-year-olds don't know basic auto skills. so what? the owner of honest one auto care has been around cars all her life, makes her living, you

make a living teaching kids how to change the base you don't, do you? >> you have to be part of the community. also making sure they are prepared for it, in powering the new generation. stuart: they don't drive until you show me you can change a tire. they could say that in mind they but not in this day. >> the unfortunate thing is they are not thinking about, they'd take care of all of this for the kids even if the kids have a car. when we were growing up the was am powering, if you got stuck out side the road you better know what to do. that is not happening today. they are relying on their cellphones and the cellphone is not always there so what happens when it is pouring down rain in the middle of the night and you can't get cellphone reception? you are stuck. stuart: what is this about in my

day? come john. >> i am able past that generation. stuart: do you make money teaching kids auto care? do you? >> our entire concept is more about being part of the community. it is about your neighbors, it is about being in that community, growing and sharing automotive information so you can build trust and relationships. my customer is not a car. my customer is those parents, people who live in the community making sure their kids are safe and know what to do when the situation arises. stuart: talking about changing a tire, in this day and age cars are not made away they were made before. >> a computer will. >> do you have a car? do they? >> you literally are talking about having a computer on wheels. it used to be a part broke you

found the part and fixed it. today you have pretty much the computer driving fearful not only for parents but i think that is what is making them more resistant to even teach their children what do you do in those emergency situations, one of the reasons we not only provide them with these two tutorials and we actually provide tutorials that we bring in an kids and teach them to do this. we provide roadside assistance for any services. stuart: on this one auto care. we'll have five seconds to answer it. you have an accent. where is it from? >> charleston, south carolina. stuart: south carolina. jenna get it right? >> just a little accent. stuart: it was a pleasure. thank you very much. good luck. >> thank you so much. stuart: we are going to ask the question one more time.

why isn't president obama gung-ho to drill for our own oil and gas? john hofmeister, former shell oil president and he has an answer to the question. i bought a car, over and tells you, and you're like. a good deal or not.

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exchange lauren simonetti with your fox business brief. let's look good big board, the dow falling one point, the s&p and 2,000 up nearly 4 points and the nasdaq composite up by 15 points. let's look at a big winner, a chipmaker pouring 8.5% leading the s&p 500, a big demand for using smart phones including the i phone so acute when it today. the airline stocks are moving lower. united american all down and pretty softly. this following the u.k. terror under threat and oil prices up 85 sacks at the moment. united american giving up the most at the moment. there's also concern about a record low supply of jet fuel in new york area. that is the latest from fox business giving you the power to prosper. if you ware a denture, take the simple test.

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not "everything, until you hit your cash back limit." quicksilver can earn you unlimited 1.5% cash back on everything you could possibly imagine. say it with me -- everything. one more time, everything! and with that in mind... what's in your wallet? stuart: britain's prime minister david cameron raising his country's terror threat levelland promising, faction on isis. listen to what he said earlier today. >> this is not some foreign conflicts thousands of miles from home that we can hope to ignore. the ambition to create an extremist state in the heart of iraq and syria is a threat to our own security here in the u.k.. it is a poisonous ideology of islamists extremism that is condemned by all faiths and all faith leaders.

we can't appease this ideology. we have to confront it at home and abroad. stuart: rich edson is with us. sounds like prime minister cameron has a strategy. what about the white house. i think joshed ernest is addressing that right now, isn't he? >> he is. the british within their borders are seizing passports of those suspected of perhaps going overseas, the british have an issue with cameron saying 500 of those holding british passports are over in iraq and syria in dealing with this and perhaps fighting against iraqi forces there. the brits have also raised their terrorist threat. the u.s. has not. >> as it relates to the united states national carolers system i don't anticipate at this point that there is a plan to change that level. >> we heard from the department of homeland security, secretary jay johnson says in a statement the fbi department of homeland security are unaware of any

specific credible threat to the u.s. homeland, though he says they are contemplating additional security measures concerning foreign fighters. some of the security measures will be visible. others will not. got it, rich e thanks very much. former shell oil president john hofmeister joins us from london. we wanted to talk to you about oil and we will but before we get to that i want to ask what the atmosphere is like in britain where they just raise the tariff threat level to highly likely, a terror incident highly likely. what is the atmosphere? >> pretty much business as usual but if you watch the bbc there is a constant reminder of the threat increase on the screen across the u.k.. i think they're going to get people's attention but there is a whole lot more headline in the u.k. papers and on the various programs about what this represents. i have only been here a few days but i noticed a remarkable

difference between here and the united states. stuart: we hear it. i want to move on to boil. as you know isis is making $2 million a day selling pirated oil financing terror with that. it occurs to me and i will ask the same question i asked everybody on this program, why isn't president obama gung-ho to get out and drill for our own oil and gas. why doesn't he jump on board and go for aggressively. why not? >> in 2007, i talked to senator obama about this very issue when he was running for president. he said to me very clearly in front of other people we are going to do biofuels if he becomes president and i told him if you don't drill for more oil in the domestic u.s. you are only going to see prices rise and scarcity threat increase and he said you are not listening to me. we are going to do biofuels. i told him at the time we are not ever going to do enough

biofuels to displace oil so here we are, we had 6-1/2 years of very high-priced oil under his administration, we have some biofuels the weekend get much past that 10% on biofuels the way we have approached it so we are nowhere over this period of time, we have only been benefited by the risks taken by the industry in states working with landowners to produce oil and natural gas in the u.s. at ever higher levels knows thanks to the administration, no thanks to the federal government and its agencies. this has all been done on a state basis with the cooperation of landowners and of course the creativity of the industry using new technologies that gets us the oil shale that has in there forever. stuart: i just have a few seconds left, i need a quick comment. from your conversation with the then senator obama they get the impression he is a true believer of global warming? that is where he is coming from?

>> yes. he does not support fossil fuels anymore than we must have some, we can use the existing system but we need to focus on what is new and different, not what is historic and relied upon. stuart: thanks very much for reporting to us from london. we appreciate your presence. we are calling it the obama economy. nearly half of all of us no longer identify ourselves as middle-class. where is the recovery our president is always talking about? john late field. moment with more on this one. you're driving along,

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stuart: president obama's spin and the economy versus economic realities. look at this. this is a gallup poll. 57% of americans right now think of themselves as upper-class for middle-class, 57%. in 2008 it was 72%. we have come way down in our estimation of where we stand in

society. john wayfield joining us from bermuda. does the president believe we are all getting better off, the we are recovering? does he believe his own spin? >> don't know if he does or not. interesting to find out what he truly things work ishistling past the graveyard? the projected 4% economic growth, we had approximately 1% in the first six months. they consistently double their estimation of what actual growth is. i don't think there are 5 foot guys in ten feet of water in d.c. and i really think they don't know what they are doing. that is unfortunate but we have seen that over the last six years of this administration and probably allow longer in administrations in the past. stuart: as far as the eye can see are we in for a period of 4% growth? when can we get there? >> that was a white house projection, 4% growth. i think we will do around 3% in

six months of this year. we had 4% in the last quarter, a lot of that was pushed from the first quarter because of the bad weather spending into the second quarter sellout of that gdp, you average the entire six months of this year we are only 1% growth. i think we're looking at 2% to 3% growth for the next several years, much better than negative but not great. stuart: john wayfield, back to the beach in bermuda. we had quite a summer on "varney and company". a very special highlight reel is next. when the world moves, futures move first. 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

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stuart: quite a summer, a lot of big news and the lot of laughs. take a look. can i be in your next video? >> come on. stuart: the best world cup fever. >> how many points do you get for putting it in the ball?

>> this will be a steep learning curve for you. stuart: you are 7 feet tall. you would be a fantastic striker. you could be a star. >> you are going to play now. we are going to play one on one sock. there is anything called that. >> they run them like a family, not a team. in a family, i protect you when you are weak. stewart is giving it his best. on the team if you strike out they hear about it. >> i can see a thing. stuart: good lord. oh my -- >> got a lot better. >> a lot better. >> every day and my house is macy here with you. i wish we were face-to-face. stuart: when you didn't tell me that. i got 33 minutes left in this show and you got them all. >> when you say you sound

smarter than the other guys on the show. the dow jones industrials down 100% and we have to get our life in order and we have got to get the prices up. it just sounds different. i got to tell you. stuart: one of the better fake accent's, those are just some of the highlights. you can catch the entire show, we call it one varney summer. it is a special and you will be labor day monday. i will call it a capitalist monday, a free market monday, noon eastern. that is when you can catch it. very the cable guy, weird al yankovic, shark week guy is on the show, deadliest catch people, father/daughter couple and they are on the show, lots more from john tapper, all of that on our special, noon eastern on capitalist day monday. that is it from me. have a great weekend. here is dierdre bolton.

dierdre: i will watch that if no other reason than the range of accents. here are the alternative investing stories we are following. when you think about commercial drones, amazon no longer alone. google launching project swing to deliver candy, dog treats and water to two farmers. we will tell you more about it. california dealing with a record drought, private equity investor will tell you how he is investing in so water related infrastructure. the kick starting confounding record of the year going to the coolest cooler, the creator will be here with his story of the $12 million raise. candy bars, dog treats, water radio, part of what the google project delivered to two farmers in australia. a new way for google to compete with amazon, business professor,