tv Varney Company FOX Business July 20, 2015 9:00am-12:01pm EDT
9:00 am
rally rolls on. good morning, everyone. not a bad way to start the week, i'd say. let's start with donald trump. he demeans the war record of john mccain refuses to apologize and today he doubles down on his insult to a man who was tortured as a p.o.w., how much support does donald trump have this monday morning? hillary clinton will call for higher capital gains taxes. that is tax the rich by any other name. one of her to appointments martin o'malley, is booed and shouted down because he said all lives matter. and just look at tech stocks this monday morning. the huge rally will continue when the bell rings today. amazon is going to get very close to $500 a share. and please look at this, the world's surfing champ fights off a shark attack with a punch to the nose. he's not injured, but he might not surf again. aren't you glad you tuned in? "varney & company" is about to begin.
9:01 am
♪ ♪ >> he's a war hero because he was captured. i like people who weren't captured, okay? i hate to tell you. do you agree with that? he's a war hero because he was captured, okay? and i believe perhaps he's a war hero, but right now he said some very bad things about a a lot of people. stuart: that comment, as you might imagine, did not go down very well. he is answering his critics in an op to you would in the "usa today." here's one of the quotes. john mccain has could his own constituents who want a secure border crazies no one including the republican national committee criticize the senator for those comments. he's not back down on what he said about john mccain. with us this morning ashly webster. i'll start with you, katherine. let's get right at it, shall we? do you think trump's finished? >> i don't think he's going to admit he's finished or be it should as long as people are
9:02 am
still listening to him which is really what this is about. he was doing very well in the polls, but i think as we get a little closer to 2016 people are going to take a closer look at the things he was saying. i think people are still going to want to keep listening to him because they think it's interesting -- stuart: support him? >> no. if you're going to run a gop nomination, you probably don't want to say those kinds of things about war veterans. stuart: katherine, do you think that -- would you be happy to see donald trump in the white house? >> oh no. [laughter] stuart: really? >> it'd be a disaster. it would be an absolute disaster. stuart: okay. do you have any comment please? >> it's interesting he's getting what he wants. it's the world according to the donald. i think what i hear from most people is he's saying what everyone else doesn't have the guts to say. stuart: yes. not many people want to say that john mccain was not a war hero. i mean, the man was tortured for five years, for heaven sakes. >> that's dreadful. stuart: people don't want to
9:03 am
hear that. >> a president needs to have a filter. [laughter] i say whatever i think of to, why would anybody say that's a good quality for the leader of the free world? >> it makes for great sound bites, great television -- stuart: i think the guy peaked on friday, and he's on the way down. but we'll get back to that later. stay with us katherine. same old same old in greece. it's true, the the banks did reopen today, there is a weekly cash limit on withdrawals and long lines, and greece has received some bridge loan money but is using it to repay loans from the imf and the european central bank. ashley webster is back from three weeks in greece. and, ashley, what we want from you, i want you to tell us what it's like in athens on the ground floor level. >> remarkably calm. all the priest visits it was -- previous visits it was tear gas and molotov cocktails. not this time. people resigned numb perhaps, to all of this.
9:04 am
stuart: are they spending money? >> they are. the cafés were full, the restaurants were full. from the outside you'd never know that anything was going on until you saw crowds gathering outside the parliament building every day. it's like its own mini economy. all the street vendors come out, they're ready for the next protest, they've got the hot dogs going and the corn on the cob, and it's like, who is it today, the socialists, the communists? they're making money hand over fist. but there are a lot of tourists right now. stuart: so can tourists use their credit cards? >> yes. stuart: that's not a problem? you could use your credit cards? >> absolutely. no limit at all. stuart: could you go to the hotel atm and get as much cash -- >> only -- i had to prove that i was staying there and then you were escorted to the atm. stuart: you told me earlier greeks were lining up to buy high-end items -- >> there was a time where it looked like the banks were going to get under. what money they could get, they were trying to buy high-end yams, chanel handbags,
9:05 am
electronics, trying to get something of value for their money. stuart: that's the lines at banks today. >> remarkably orderly, and they have these bank managers who stand outside, and they kept people calm. they were very respect. they dealt with people who were getting angry, and it was handled very well. i was impressed. stuart: fascinating. when are you going back? >> well, the way the greeks spend money, maybe next week. [laughter] stuart: you stay here. >> all right. stuart: another big headline today and it's about technology. lauren simonetti -- what's your name? [laughter] lauren simonetti -- >> there you go. stuart: -- has the story in case you missed it. >> good monday morning. if you're look agent the tech sector's record run and scratching your head take a look at this company jet.com k. it launches tomorrow, it has no revenue and likely won't for years to come, yet its potential valuation at launch? $3 billion, making it one of the most valued start-ups ever. its model is amazon, but it charges members $50 a year and
9:06 am
promises them cheaper prices. that means sometimes taking losses to fulfill that process. if an item a customer wants is not on jet.com's inventory or a partner's inventory, it will then go to another retailer's web site and buy and send that item and send it directly to the customer at no additional cost. jet says this business model will work when it sells $20 billion worth of products a year, and they say they'll do that by 2020. but that's important because it's about a quarter of what amazon sells annually and amazon's been in business for 20 years. stuart: they have indeed. but that's a real wildcard, isn't snit to challenge amazon? >> yeah. stuart: they're worth three billion already -- >> potentially. it's because you have investors with all of this money sitting there saying what can we do with our cash? everybody's doing everything on their phones, so they see promise in this model. and for customers i mean, i'd spend $50 a year to get cheaper prices than amazon.
9:07 am
stuart: if you could, that's a good pull in, isn't it? okay. lauren simonetti -- >> yes. [laughter] stuart: okay. don't forget, you better tune in every morning at 5:00 eastern. lauren simonetti sandra smith and nicole petallides, they bring you the news of the day fresh -- >> you should bring me coffee at this time stuart. stuart: i could. >> but you weenlt. stuart: i'm in the office at four. if you ask, you shall receive. check the dow futures, where are we going to open this morning in about 24 and a half minutes? up about 34 points, holding above the 18,000 level. but, look, here's what we're really looking at when the market opens those four big tech names. all of them closed out last week with at record highs. we're obviously going to be asking is this bubble territory. in my opinion no, it's not. this is not dot.com -- >> room to run. stuart: yes. and if you look at premarket, some of those stocks -- especially amazon, it's going to be up again today at the opening
9:08 am
bell. the price of oil at $50 a barrel as of this morning. price of gas leap, same old story, holding steady we're at $2.75 your national average. here's a really big story about gas. california. the most expensive gasoline in america. the national -- sorry the state average is $3.87 a gallon, more than a dollar above everywhere else. we've got a lot more on that one coming up. it's the greenest -- >> of course it is. stuart: it's the greenies fault. you'll agree with that, katherine? >> sure. [laughter] stuart: president obama has not ordered the u.s. flag to half staff after the five servicemen were killed in chattanooga's terror attack. tennessee republican congressman scott deyo lay joins us. it was lowered for fort hood but not chattanooga. what's your reaction to that sir? >> it needs to happen and it needs to happen soon. stuart: do you think it will? >> i don't know why it wouldn't. we've lost five servicemen, and
9:09 am
the flag goes to half-mast for all types of other incidents. we have five servicemen who lost their lives, i can't imagine why it hasn't been low arerred. stuart: the president won't use the word domestic terrorism and i don't think he's going to lower that flag. >> he has a hard time with that concept for some reason. we saw an example of it in chattanooga this past thursday. stuart: but there's one lasting thing which may -- a good thing which may come out of this. i believe you're sponsoring a bill to allow the rearming with guns, real guns, our soldiers in uniform on their bases in america. you started that, i believe. >> right. i think a lot of people are shocked to learn they couldn't, but a department of defense directive in '92 disallowed the use of our military men and women arming themselves at recruiting stations and other installations. and so what we're going to do the this legislation today will help reverse that decision and hopefully codify it so it's there to stay. and it's gotten a lot of momentum.
9:10 am
you're covering it on the show friday was a great help and we've had calls from all around the country and other members to move on this and let these people protect themselves and have a fighting chance. stuart: i have to ask you, congressman if you've got much democrat support for this. >> actually, we have. we've had people reach out and say this is just something that just makes sense. and we have support coming from across the aisle too, so i hope this moves quickly. >> host: congressman, we appreciate you being with us again this morning. we'll be following this later on today. thank you, sir. >> thank you. stuart: hillary clinton taking direct aim at high income earners with a platform, she's going to lay it out, higher taxes. she wants to take more from high income earners' capital goings. here's how it works. if you make a good living, you make a profit on a house, stock, gold or even bonds, you will pay a higher capital gains rate. she would take more of your profit. cat lin, you're -- katherine, you're still with us, holding on for dear life. [laughter] thank you very much. hillary clinton is still very
9:11 am
likely to get the democrat nomination. in fact, as she turns left she's going to get even more, a better chance of getting the nomination. >> absolutely. i would think that a lot of people would say maybe on the left, of course, that this doesn't really go far enough. they've been talking about these kinds of plans for a really long time, so they'll say, hey, look you have someone like bernie sanders, he's really going to go for it, he's a rebel against the establishment. and she's the definition of the establishment. not just because she's a clinton, but because her policies are very much the same -- bad, of course, you know, diminishing incentives for people who work hard is never a good thing. stuart: have you any doubt she will be the democrat nominee? >> i don't -- i think she has to be. the clinton machine is too powerful. stuart: last question. regardless of who her opponent is, do you think she wins? >> i think it's going to be really hard to beat her, especially because i don't think there's a clear gop alternative. stuart: that's true at this point. katherine, thank you very much, indeed. the unapologetic donald trump, he says veteran and p.o.w.
9:12 am
9:13 am
9:14 am
in adults with type 2 diabetes. with one pill a day, farxiga helps lower your a1c. and, although it's not a weight-loss or blood-pressure drug farxiga may help you lose weight and may even lower blood pressure when used with certain diabetes medicines. do not take if allergic to farxiga or its ingredients. symptoms of a serious allergic reaction include rash, swelling, or difficulty breathing or swallowing. if you have any of these symptoms stop taking farxiga and seek medical help right away. do not take farxiga if you have severe kidney problems, are on dialysis, or have bladder cancer. tell your doctor right away if you have blood or red color in your urine or pain while you urinate. farxiga can cause serious side effects including dehydration, genital yeast infections in women and men, low blood sugar, kidney problems, and increased bad cholesterol. common side effects include urinary tract infections changes in urination and runny nose. ♪do the walk of life♪ ♪yeah, you do the walk of life♪ need to lower your blood sugar?
9:15 am
ask your doctor about farxiga. and visit our website to learn how you may be able to get every month free. stuart: an explosion in turkey near the syrian border has left at least 28 people dead about 100 others injured. no immediate claim of responsibility. a turkish official however, said authorities have evidence that the attack was a suicide bombing and suspect isis was behind it. lieutenant colonel ralph peters is here. this is an explosion, maybe a suicide bombing, maybe isis. very tricky part of the world. what do you make of this, sir? >> business as usual. islamic state will continue to do such attacks everywhere and turkey, turkey's in a difficult position. the president of turkey erdogan, actually he doesn't like islamic state, but he has preferred them to the assad regime, so he kind of has looked
9:16 am
away he's impeded our efforts to fight islamic state from turkish territory. and now, you know, he's reaping the whirl wind. so turkey is going to see more of this, not less. islamic state's growing, not shrinking. stuart: a destabilization of turkey would be an absolute disaster. but i do want to move on to donald trump. you're a military man, and here we have trump making really, i think dreadful comments about john mccain who is, indeed, a war hero who was tortured in a seat that please prison. do you think that -- do you want to see donald trump as the president of the united states? >> stuart donald trump is the p aperture in the derriere. he's a clown. he hurts our country, he hurts our image in the world. he's certainly going to hurt the chances of defeating hillary clinton. but beyond all that, calling out
9:17 am
john mccain and saying he's not a hero, exactly how much military service has donald trump done? stuart: yeah. >> he's got an excuse. how about his kids? go to ranger school. the army's opening it up for gals now. these people have no record of service to our country, no interest in service to our country. it's all about self-service. i mean donald trump's idea of a battle is a lawsuit. he's made a career by hiring third rate architects and first rate lawyers. and not only don't i want him to be president, i personally for many years have avoided trump properties just because they're so damn tacky. stuart: do you have anyone in the race that you favor at this point on the republican side? >> well, the trouble is there are several people that a i think are good, and i really -- it's like john kasich, i would like him to get into this. scott walker has many, many good
9:18 am
qualities. i'm not bothered that he didn't finish college because look at what college graduates have done to this country. i am bothered that he waffled about evolution. when a republican's asked about evolution, you know, how do you square it with your religious beliefs, the answer is simple, god made darwin too. move on, get over it. don't get bogged down by a sniper, that's a military rule. marco rubio's got tremendous appeal. i think he'd be a great vp. he's not quite ready for the main job yet. so there are a lot of people -- mike huckabee is affable very very likable guy. he and i would disagree on domestic politics. so the bottom line on the question you're asking me is i want -- i don't expect perfection. it's okay for a candidate to take positions with which i personally disagree as long as we agree on the majority of things. and i think people when they get locked up in one single litmus test issue do themselves and the country a disservice.
9:19 am
let's look at the total person. okay, we don't agree on the environment. all right, i can move, i can move past that if we're strong on the other issues. so, again, let's keep an open mind, see what the american people want. but donald trump, please. do us a favor, shut up. stuart: we did -- >> i had to edit that. stuart: we heard that and i thought there was an extra word you were going to insert there, but you didn't. >> no. i'm much too military disciplined. [laughter] stuart: yes, you do, that's true. thanks for joining us. >> thank you stuart. stuart: hobbit this? -- how about this? a shark attack caught on live tv and the world champion surfer who survived it says he may never surf again. we're going to talk with someone who swims with sharks next.
9:20 am
when a moment spontaneously turns romantic why pause to take a pill? and why stop what you're doing to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess.
9:21 am
side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. ask your doctor about cialis for daily use. insurance coverage has expanded nationally and you may now be covered. contact your health plan for the latest information.
9:23 am
stuart: three-time world champion mick fanning fights off a shark attack at a competition in south africa. you can see in the video the fin emerge right behind him x then fanning punches the shark. he punched him in the back apparently, he was aiming for his nose. come on in expert joe romero who joins us now. i am told that if you want to fight off one of these sharks, you punch them in the nose. look i've never done it, have you? laugh. >> well, i don't really think
9:24 am
that any kind of aggression towards anything is going to get a positive response. but i'm sure that if you hit the shark in the back when it came up to investigate him he probably scared it off. it seemed like the shark kind of came up, investigated the surfboard. it looks like its normal prey item, and then it got caught up in the rear which looked very exciting for a moment -- stuart: joe, you sound a little blase about this. >> oh, no -- stuart: the surfer says he was unnerved. >> no, i think it's definitely, like, a superexciting amazing encounter. i just think it's a very good example of showing an animal coming up and and mistaking something for its natural prey item. >> you're kind of pro-shark aren't you? >> i'm pro everybody. honestly, i want sharks and the people to live together similar by yachtically, and i think surfers in general are one of
9:25 am
the most enlightened groups of people. these situations happen to surfers, and they still go back out because of their love for the ocean. they know the situation is so rare. stuart: well, i'm not sure how i would react if i had been bumped by a large shark, but i think i too would be unnerved. back to the ocean. get out there and swim with 'em. [laughter] a brave man, i might add. thank you joe, good to see you. >> thanks. stuart: all right. what have we got next? the opening bell for you. the big name tech stocks are hitting lifetime highs. netflix, amazon, facebook, will they go up some more when the bell rings in just a couple of minutes? we'll take you there. you'll watch money being made. [laughter]
9:29 am
9:30 am
done? stuart: ralph peters clear-cut opinion. he certainly let us know how he feels about donald trump. we started 9:00 a.m. eastern. be here at the open to catch all we have for you. expect in a gain of about 40 points with all the dow are up and running and we have indeed opened 14.5. we are up 18. we are modestly up this monday morning. more big names. they have record highs last week. google, netflix amazon, face the good are they going to go up somewhere? joining us, ashley webster schilling can't ann scott shall it be in chicago. do you think before tech stocks stocks are looking a little bubbly? >> for netflix and google i don't. they have a lot of underlying
9:31 am
growth. amazon which is marginally profitable, yes. face the definitely yes. >> i'm drawing a distinction between these publicly traded stocks in the private companies or private shares have been traded like uber and bmv. you're nodding your head. i draw a distinction between amazon and google and you too i think. >> we get confused here. a lifetime ago the new york stock exchange was time to get more financing and the weather bigger better things and help them expand. now we are throwing ideas at the wall in hopes we can bring a tear to. everything is a little bit out of control because of funding around the world but especially the ones that haven't hit the market by yep. i think that is dangerous. stuart: by the way amazon is that a lifetime high.
9:32 am
490 is the lifetime high. the nasdaq composite at a lifetime high. i may go back to you for a second. nasdaq is where the technology stocks go home. do you think the huge run-up in technology has run its course? not questioning whether it's a bubble or not. as they run its course? >> again, to scott's point that is the problematic area. the big company with real growth in product has a lot of room to go. it may not be smooth but they've got room to go to the upside. stuart: ashley i want to draw a distinction between these names and the crisis of the 1990s. >> there's a huge distinction. these are proven as benchmarks back in the 90s and the.com bubble money was ridiculously pouring men with absolutely no basis for it. i don't think we will see that. it is a bubble for major
9:33 am
companies. >> i remember when it was worth more than general motors. that didn't work out. let's move on to an amazon rival in the making. jet.com will launch a full-scale operation. it won't be profitable for years and years but it's worth $3000 already. jo ling kent no slips going on. >> i do. they are saying they can provide you product comparable and i will undercut prices. the issue is it's made no money. had a trial run back in march because of the way the model works. if they know not the product and inventory they will go and purchase from another retailer for you but still on our low price. stuart: let's be clear. this is not an ipo. they are very far away from an
9:34 am
ipo. if you look at this they don't make any sort of money right now. they raise millions of dollars. they only have 4.5 million products available with so much more. the selection is very low. do you have the biggest names back in the company. google ventures alibaba goldman sachs. so they do see quite a bit of growth potential here. i want to sit down with the ceo and talked to him because it seems a little bubbly. stuart: i've got a look at the price of gold. earlier today in your $1098 bounced back a little but it's still down 22 bucks. scott you are the commodity guy. explain this to us. >> apparently a large order hit the market today are overnight. the same time the rhetoric about aba september rate hike which is
9:35 am
made the dollar was stronger. the overarching theme is the only real reason i want to go dies in as we have some sort of in elation worry. by the way the government looks at things i don't have an inflation problem. no inflation, no armageddon. stuart: don't touch it with a 10-foot pole. may i translate. i've got a defense deal. lockheed is by united technologies sikorsky helicopter unit. they will pay $9 billion in cash. both companies stop blocking up a fraction. look at mining stocks. they are taking a hit after the price of gold and other precious metals fell because the u.s. dollar and all of those stocks are down in percentage terms. we saw them quoting percentages that are all down. ebay spins off paypal.
9:36 am
the stock prices please. >> really great so far. analysts running ratings today. a moment ago over 8%. ebay is down 2.3%, but paypal with a new ticker symbol is higher and reintroduced into the nasdaq. remember that guy elon musk from tesla. they put this together. it was publicly traded and taken over back in 2002. now off the highs of the day but still a winner. the best way for online and mobile. they will still market share from some of the other things such as striping square. stuart: is keith still there? i want to ask you about paypal. i then up-and-coming technology? even i know that. are they in double territory?
9:37 am
>> no this is an interesting spinoff and it's very attractive to me because they do offer viable competitive mechanism. they move billions of dollars. the fact they have a second run at this is fantastic for investors. stuart: do you own it? >> full disclosure, do not recommend it don't own it. stuart: i know where it's coming from. tune in every morning 5:00 a.m. lawrence sandra, nicole petallides, they get up early to bring in the earliest news of the day and that is one great show. monday morning for a friday morning. never mind spending observation. a college student flows through $90,000 spends it on clothing and travel. i want the story, please.
9:38 am
>> 22-year-old amy. apparently grand parents set up a fund for her for college. $90,000. a very sweet deal if she put it. she spent almost all of it and doesn't have enough money for the senior year when asked what happened she took an educational trip to europe and clothing. so she blew it and she blames her parents for not teaching her how to budget properly. she blames her parents. she is young. what do you think about this? >> this is a huge bummer. think about the grand parents who worked so hard and it was blown. i think every young person at some point in their life has to learn a lesson. it seems like this -- stuart: blame your parents for not teaching you how to budget. unbelievable. >> i hear commenting this
9:39 am
morning. kate your comment please. >> i worked my way through school. this is preposterous to see $90,000 get spent to not realize they work for you for you. >> the reason she's got no last name is because her parents have disowned her. >> i think we better wrap this one up before we go overboard this monday morning. thank you one and all. the dow industrial may 13 points higher. a fairly flat open with a lot of great stories. coming up, 20 minutes from now charlie gasparino said trump for president a pure fantasy. gasparino 10:00 a.m. this morning. let's give it the full details. up 16 points. 18,100 is where we are this monday morning.
9:40 am
the troublesome gaps in our immigration policy. how an isis terrorist could enter illegally using a student visa guestworker or refugee. explaining that on next. are you moving forward fast enough? everywhere you look, it strategy is now business strategy. and a partnership with hp can help you accelerate down a path created by people, technology and ideas. to move your company from what it is now... to what it needs to become.
9:43 am
stuart: i'm calling it pretty much dead flat this monday morning. 181 almost. we do have a new high for the nasdaq. a name tech stocks are really matter bradley. 5200. amazon hating a lifetime high is actually closing in pretty close to $500 a share. the higher profit at morgan stanley touched a new high earlier of 4104. now days. it has begun in jordan spieth's contention to make history. look at the leaderboard. spieth just teed off.
9:44 am
which means he must of her birdied the first hole. >> i didn't think he looked as strong, the let me tell you he sunk that part. >> how can you say -- i am just telling you what i saw my friend. they love to play together. they had similar games. he looked superstrong striking out there. but now that he is dropped for birdie he is on the road to win this thing. this sets the pace this very strong sunday. watch out. stuart: the story thus far has been the weather. >> it's raining right now. cats and dogs. treated to have a suspended
9:45 am
play? can they suspend play? >> is amateur. so impressive. i thought he was going to cry. he was standing off to the side with his eyes closed looking nervous. it was impressive. this is exciting. stuart: ashley and i were talking earlier. do you know what the odds were? 1500 to one. he's an amateur. he won the irish amateur opening. >> he played his college in the u.s. stuart: he is now 12 under tied with spieth for the lead in >> he would break an 85-year-old record if he won the last time an amateur one event. stuart: who was your heart rate? >> spieth. i want him to take this and win the pga champ and ship. that would be the most exciting thing.
9:46 am
>> kristin lewis. he just birdied. 13 under? >> he is super experience. he's won this before in 2010. you want to spieth to win. stuart: i want to see new phenom and golf. are you going to be with us for the next couple of hours? i have to say right at the start is our next guest has helped me with integration issues. get that out there. now there is a report that says the u.s. welcomes about 100,000 muslim immigrants legally each year. that is the fastest growing in a good group coming to america. michael wilde joins us here in new york city. i know you're a democrat. you told me you're a democrat. do you think -- do you think we
9:47 am
should now stop or vastly reduce muslim immigration to america? >> the next greatest invention or solution may come from a muslim position. we must stop the hijacking and the proliferation of homegrown terrorists. but the fbi law enforcement. immigration has six-story play at the porous borders and it's time to fix it. students, clerics, diplomats in the country without proper visas. we cannot throw out the muslims like in the 1800s and they tried to get rid of chinese. they competed with jobs and they don't want them anymore. stuart: but can we operate a more effective filter on those muslims coming to america? >> absolutely we need to. a lot of rules on the books stop people from getting in the
9:48 am
country. there needs to be redundancy is the most miss. they have to be available for analysis and forensic sciences and who are they with. the lone wolf that takes travels. we want to make sure we treat this as a war on terrorism, do we separate those people in jail and yet we don't have the procedures of intelligence and law enforcement. that means we've got to get the foot soldiers and we have to stop the nation. we are not going to take people of faith. this is the greatest experiment in democracy and we will not set a policy on fear. stuart: how far would you go? for example something called the diversity piece. >> 55,000 green cards to people at the end of the year because we want to have a representation of those countries that don't
9:49 am
come. stuart: don't most of the search 5000 visas go to muslims? >> no, no. most of those visas go to people that haven't applied historically from certain countries because they want to have diversity. frankly speaking and i will embarrass my father who started our firm back in the day. it doesn't make sense of the world looking at content and carrot dirt and a war on terrorism to a 55000 green cards randomly sent down when consulate are now backed up for a decade and the american employers. we need to have a quality in quantitative and seamless redundancies between law-enforcement and intelligence services. >> we don't have that now. >> we have it more than a decade ago but we are still miles away from brothers and sisters in his state of israel who would sell
9:50 am
with multiplicity of systems. stuart: i'm almost out of town. what do you think about the president bringing in 5 million undocumented illegals and giving them green cards social security cards. >> president reagan has 11 million people here unlawfully. we don't have enough handcuffs airplanes to remove them. what are we going to do with them? >> when we give them social security cards or people are waiting three four years? >> every mayor in the town i'm a former mayor new jersey is trying to deal with position of comfort. we should at least have insurance. you a laborer's, master's sons commissions and housing because we have a deafening silence from washington. stuart: we are out of time and not the last word. thank you very much.
9:51 am
it is an historic day. cuba's usmc opening in washington. what that means for lung cancer patients here. there is that aside. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? hi my name is tom. i'm raph. my name is anne. i'm one of the real live attorneys
9:52 am
9:53 am
mom has always been one of those people who needs to keep busy. if she's not working in her garden, she's probably on one of her long walks with bailey. she was recently diagnosed with a heart condition. i know she's okay, but it concerned me she's alone so often. so i encouraged her to get a medical alert button. philips lifeline offers the best options to keep her doing the things she loves in the home she loves. if she ever falls, or needs help, i know we can get to her quickly and with her condition that can be critical. and even though she doesn't typically go far from home, the button always goes with her.
9:54 am
9:55 am
the stuart: this is a fascinating story. cuba's usmc opening today in washington. cuba has a long cancer vaccine and because of the diplomatic relations, the vaccine could come here. the doctor is saying. dr. mark steel. first of all, does this work? >> i think it does. i was dubious at first. i interviewed dr. calvin layup roswell park was the top immunologist aaron showed me statistics. they looked at 5000 people who had widespread lung cancer. over a five-year period to 20% were still alive compared to a group that didn't get the vaccine nobody was alive. stuart: socialist medicine is wonderful. look at this. do you believe this? >> yes. in cuba they focus on vaccines infectious diseases. berryville science.
9:56 am
the fda will take a while to approve this because it's very unusual. stuart: this may come to america. but she can't sell it on the open market until the fda says that fda says we've tested it tried it, prove defendants out there. >> will probably go six months from now it will be on the market. the next question is what company is going to represent it. a dollar a dose in cuba. >> one dollar a dose in cuba. it comes over here. if the fda says go for it you don't think it will cost a dollar a dose here? >> no, i don't. it is not a very complicated vaccine. it shouldn't be even in the united states within 50 or $100 a dose. i can't believe it's more than not. >> wait until the lawyers get a hold of that vaccine.
9:57 am
they will sue you up it was due. tracked >> i hope it stays cheap. very little side effects. it works. few side effects and right now it's cheap. an exciting addition to the arsenal. we will take you. thank you very much. first hour of "varney & company" on the books this morning. here's so we have for next hour. gasparino says donald trumps presidential candidacy. it might take that as the greatest five. the second hour of "varney & company" is a mere two minutes away.
9:58 am
so you're a small business expert from at&t? yeah, give me a problem and i've got the solution. well, we have 30 years of customer records. our cloud can keep them safe and accessible anywhere. my drivers don't have time to fill out forms. tablets. keep them all digital. we're looking to double our deliveries. our fleet apps will find the fastest route. oh, and your boysenberyy apple scones smell about done.
9:59 am
10:00 am
can thank the green ease, that would be my opinion. and what do you do if a shark sneaks up? do they sneak up? i don't think they believe. this they come up right behind you. this guy's reflexes may have saved his life. and this time it is ashley madison. a website that helps married people cheat. threatening to expose all 37 million of them. the second hour of "varney & company" starts right now ♪ ♪ >> this our the cuban embassy in dc expected to open. the flag will be raised, their flag. historic day for the u.s. and could you be pap officially restoring diplomatic ties and reopening their embassy for the first time and a half century. more on this later this hour. to greece. banks reopen today. they've been closed for three
10:01 am
weeks. cash remains limited. there are restrictions on place on how much you can get out. there are weekly cash limits on withdrawals. greece has received some loan money but using it to repay loans of the imf and central union bank. round and round that money goes. and turkey at least 28 dead and 100 injured. no immediate claim of responsibility. however a turkish if i believe says there's evidence of a suicide bombing and suspects isis was behind it. check that big board. i'm going to call it pretty much flat. we are down only a fraction. 13 points lower. but amazon hitting another lifetime high. yes, it is indeed closing in on $500 a share. ebay spins off paypal, and we have paypal a clear-cut winner of 5% gain there. new highs for big names that you know all over again. seems like last week. nike and disney new highs
10:02 am
there as well. the other side of the of the coin is gold. right now it is down 27.60 at 1,104 and the movements in the dollar account for that loss of gold today. let's get to it. donald trump. he says he's not sorry and will not withdrawal from the race over remarks he made about john mccain. listen to what he said. >> he's ain't war hero. >> he's not. >> five years. >> he was a war hero because he was captured. i like people who weren't captured okay? >> a war hero request because he was captured. he responded to his critics by the way in usa today. here's the quote. well, one of them. john mccain has called his own constituents who wants to secure border crazies. no one in the news media including the national committee criticized for those
10:03 am
comments. you said all long that trump in the white house is a fantasy i think you'll see that again >> this is all about not for him to become president but full disclosure i like donald. great businessman. this is for him to improve his brand, make his brand bigger than ever. and if you look at what he's doing >> that's not happening. >> i think it is >> wait a second. >> you have these nasty words about mexican people. >> i think -- >> you have this outrageous comment about john mccain >> yeah. >> i don't think that enhances his brand whether he's in the race or not >> i think that if you know anything about donald trump this is a guy who is sort of a creature of of the new york tabloid media environment where it's very very sharp elbows. he goes after his critics. he doesn't shy back. he never apologies. that's been his mo for the last 30 years when he switched from becoming mainly a real estate tycoon to someone who basically makes money off his
10:04 am
brand, the trump brand. and i'm telling you he has enhanced his brand in so many ways. >> wait a minute. how on earth can you say that he has enhanced his brand when he hassanwhen he has insulted mexican people >> when he made that comment about mexicans, it was disgusting. but when he did that at the time his poll numbers went up. that's what he based it off. now, it's unclear whether his poll numbers will go up on this mccain thing. but look how's he's trying to change this. he's trying to change it of john mccain is not good for veterans. what was the line he had? he cares more about the border in iraq than arizona. and i'm telling you he will get fans from those. and a year ago we will not remember >> he does not care. there are a lot of questions about what his true intentions here. whether it's actually to be
10:05 am
president. i truly believe he wants to be president. i really believe that. and that's the question that we asked him last week >> let's get serious for a second. ly i think donald trump was on a roll all last week. he made these comments about mccain saturday, refused to apology sunday, i say that his decline in the poll starts today. am i wrong? >> i don't think he was ever a serious candidate to begin with. >> i say he's not now. there are 15% of the democrat and the black panther party and there's a fringe element of the republican party who i guarantee stays with him >> i don't understand we just ignore the fact that he has become number one in the polls? >> among 30 people. >> among 30 people >> but whatever essaying has resonated >> amongst 30 people >> people don't want -- truly.
10:06 am
>> i'm not a -- cheryl i'm not an expert at stats. but -- >> neither am i. >> but what do you think the margin of error is that he's resonating. >> i'm looking at the poll numbers. >> among -- you've got 20 people dividing up the lecture on the and yes he attracts 15%%. and be careful when donald trump is resonating. where he's resonating i think is going to be -- >> you measure it in the polls >> i'm not saying he's resonating now. i think his comment over the weekend is outrages and his decline starts now. >> i think he's going to maintain 10 to 15% of the looney toon vote that will be it. >> there's a difference between 10 and 15% of a looney toon vote and 18% of the overall republican vote. >> no, listen 10 and 15% 18% in the margin of error 15%.
10:07 am
that's my knowledge of stats. this is where he's always going to be right here. >> i'm going to move on to to hillary clinton. clearly the front runner for the democrat. she wants to raise capital gain taxes. that's what she's going to announce later this week. and steve moore is here. i know what you're going to say that if you tax something more, you get less of it. so there will be less capital gain if you fax tacks it more. less capital investment if you tax it more. but i put it to you what she's saying is tax the rich is maybe politically very popular in this country at the moment. what say you? >> well, you know, you guys were just talking about the looney toon candidate of the republican side of the aisle. there's a looney toon on the democrat side and that is senator from vermont, bernie sanders who was pushing hillary day after day to the left. and she's now making these statements that i don't think
10:08 am
she -- i wonder if she actually believes them but now she is talking about higher capital gain taxes and if you listen to her speech, which is last monday, talking about this on the show. she was talking about how do we get businesses? remember stuart? how do we get businesses to reinvest in this condition kidnap? this has to be a top priority. she's right about that. how do we get them to reinvest? i'll tell you how you don't do it. you don't put higher capital gains taxes. >> yeah. this is what fred president james said about the economy earlier this morning on fox business. roll tape. >> you can complain about this or that being sluggish, but it's not in an emergency mode. >> okay. i think we broke it off right there. he said okay. it's sluggish, but we're not in crisis mode. kind of the new normal. >> i guess that's true, isn't it? we are sluggish, it is the new
10:09 am
normal not a crisis that's about to happen. but what he's saying is it's not that great. that's what he's saying >> yeah. well, look, i mean this -- we could have played that tape a year ago, two years ago, three years ago four years ago, this has been the whole story of the obama expansion that it's timid and what i call pint sized recovery. there were 1.9 #% growth when we should 4%. and, you know, we go back, you've seen these charts. if you look that the recovery versus the last seven or eight out of recession, this has not been the weakest but by far the weakest. so yeah, how could anybody argue against that? we're growing but much too slowly. and here's the problem with 2% growth stuart. you can't solve any of these major problems that we face as a nation. the number of people who dropped out of a labor force. the no of people in poverty. all of those problems don't go away with 2% growth, but you get to 3.5 4% growth, you see
10:10 am
big declines in those problems >> you know, you advise many of the leading republican candidates. you speak to to them one-on-one, talk about the economic policy >> yeah. >> can't you get any of them to pound the table for growth? >> i mean can't you? well look, some of them are doing that. i think jeb bush when he talks about 4% growth as a kind of goal for the united states is saying exactly the right thing. and, by the way the democrats have said, you know, you can't get the 4% growth from here, but you can. you can get the 4% growth. you put in place a flat tax you let our energy industry go full guns ahead and get these regulatory agencies to come to heal you're going to get 4% growth in this country. i really believe it's possible. now, by the way stuart, we have also invited some of these democratic candidates to talk to us about growth, and they don't want to talk to us about it. they don't want to talk about how do you get the 4% growth because they don't think we
10:11 am
can get there. >> that's this election. prosperity means growth, prosperity is the glue that binds us together. come on. we've got to have this. >> and the flat tax is the best keys to get us out there. now, i'm bias because i help write it. but i think rand paul when he's talking about a 15% flat tax, can you imagine how many jobs we would bring to this can you be? by the way, with a 15% capital gains tax not a 30% capital gains tax like she really talking about >> you make awful lot of sense there, steve moore. you better come on the program more often. >> take care >> we have the headlines that we're watching for you. lauren simonetti has them in case you missed it >> hi, stuart, on the e-commerce website it launches tomorrow and a potential evaluation of # billion dollars, which makes it one of the most valued startups ever. its model is amazon but it charges $50 a year for members
10:12 am
and promises cheaper prices and that means taking lawsuits to fulfill that promise. and the city is opening a new 38-acre test track today. developed by the university of michigan. it's for driverless car technology and will present all possible scenarios to potential drivers when they're on the roads including sidewalks and construction barriers and the like. and if you live in a city that's raised the minimum wage pay attention to how much you're paying on coffee. some coffee shops from oakland to chicago dramatically increase in prices. so it's turning out to be 50 cents in some increases. >> all right. you have it. thanks so much, lauren. don't forget to tune in every morning at 5:00 with my lauren sandra, and nicole.
10:13 am
fbn a.m. just get out of show and watch. >> you don't even have to get out of bed. >> exactly. there you go. two more big name stocks hitting new highs again this morning. this time it's piano facebook at 95.86 starbucks at 56. how about that? coming up it's a thrilling monday at the british open. gerri willis has details in a moment. plus cheating website ashley madison has been hacked and now 37 million users could now be exposed online. ouch. more varney after this
10:16 am
10:17 am
netflix. and all eyes on jordan spieth. he's trying to win all four major championships in one year. gerri willis is here. all right. what's going on now? >> well, he's on four right back right now. one of the hardest holes on the course. but let me tell you there's no competition here. now 13 others under jack johnson at 13 under. interestingly zack johnson is 39 years old. the same age as tiger. so when we talk about this young group of cowboys out there trying to do well, he's an older person. louie is 32 i believe. so it's interesting the kind of changes we're seeing right here. ourblew up on 2 and supposed to be on the old course, and he's, you know, he looks very nervous. >> well, of course he is. he's an ammeter and was leading the british open there for a while. but did he double bogey or triple bogey or what?
10:18 am
>> he's 2 over after two holes so only dropped a couple >> yeah. this is anybody's championship at this point. so many people could make a charge here. jack johnson has the kind of experience that he could do it if he wanted to. certainly lewis has done it before. he won in 2010. so lots of competitors >> and and have he very low scores >> yeah. >> especially yesterday. they were really on form these gays >> great weather yesterday. terrible weather today. >> so can we rely on you for updating the next hour >> absolutely >> you won't leave us and go glued in front of the tv >> like the rest of the building. >> right. thank you very much indeed. now this. ashley madison. that's the website that helps married people cheat. it's been hacked. 37million cheaters could be exposed. kurt the cyber guy is here. >> i'm not nervous. >> i mean no laughing matter >> i don't know a lot of people. you know, they claim to have 37 million customers.
10:19 am
we don't know for sure. but if that's true and even a portion of that, you've got a lot of nervous people out there >> wait a second. what did they threatening to reveal about these 37 million people? >> so you have a hacker group out here that is saying quote customer records including profiles with all the customers secret, sexual fantasies, their credit card numbers, their birthdays their real names addresses and employee documents and e-mails >> now do we know for a fact that they've got all this information or are they just putting the fear into 37 million people? >> you, you know, at this point you would think ashley madison saying they do not have this information but they have not. in fact, they've long been quite boastful about their security. yet here they are just like the rest of the world. >> vulnerable >> and hackers said they did it >> right. >> there's a statement from the hackers saying we're doing this because for $19 you canner race all of your sexual issues or whatever it is.
10:20 am
>> they're very open about it. they say you live once, life is it short have an affair. it's a dating website for people who want to cheat. that's what it is >> yeah. >> so the cheaters are about to get cheated by -- >> but we don't know this for a fact, and we don't know -- the impact team. they're the ones who were the hack. >> that's who they're claiming to be. but ashley madison has come and outta and indeed they have been hacked. and i promise you it was a very limited hack, they would have come out and said it was minor, but they haven't. so this is ugly for a lot of people. and if the demands are not met and the demands we don't know what they are. but you thought what? they could be some group on moral ground looking for outcome. but it's likely to be plane old cash. they're going to release all this information.
10:21 am
>> who in their right mind wish to cheat in secret would go on a website which had just been hacked? who would do that? [laughter] >> i'm single today for this story. >> all right. you got to the bottom of it >> i will dig deeper into it if you would like. >> this is one of those stories we can go on for hours. >> thank you very much. >> coming up. a possible open door for terrorists. could an isis operative sneak into america as a tourist maybe refugee. is our immigration policy allowing that stuff to happen? some say it is. kristen will be commenting on that in the 11:00 hour. and california's big dream for gash. it requires special gas for its residents, and they are paying through the nose for it. more varney in a moment
10:24 am
10:25 am
xfinity is the destination for all things taylor swift. >> california is showing us the future. and we don't like it. in fact, to be precise california is showing us the future of gasoline prices, and we really hate it. the average price is more than a dollar gallon more than the national average. it's close to $4 in california. los angeles more like 4.50. you want to pay that? this is what happens when you let the green ease run policy. in california you must buy special gas that has been specially refined for the state. there are only 14 refineries left in business can do that, so when one of them goes out supplies plummet and the prices go straight up. that's what's happening now. maintenance at the carson refinery boost prices all over the los angeles area.
10:26 am
remember this is exactly what the greens actually want. much higher gas prices. so less gas is consumed and less carbon admitted. but they're not honest about it. instead of saying, look, expensive gas is the price we pay for green regulation and saving the plant, they don't say that. they blame the oil companies. and you know the billion hijack fund guy, he says inculpates charging up to a billion dollars a month for gasoline. he's blaming oil companies for the antioil policies put in place by his fellow green he's. his his fault. step back and look at the shortages today. skyrocketing electricity prices. again, because of green rules. and now gas crisis. by the way california also has the highest poverty rate in the entire nation. perhaps one day all those
10:27 am
everyday californians who have been voting left for a generation will wake up and smell the rot in their state. until then, america can only hope that california's presently is our our future. oh i'm supposed to tell you [laughter] having worked up ahead of steam in that little thing. i now have to tell you that 11:45 this morning wall street journal alicia finally will join us gas prices, california, and the green ease. she wrote the book on this, by the way, and she's our guest today. all right. calm down and look at this. the astonishing moment of a surfer attacked by a shark. he made it out alive, by the way, with quick thinking. and marco mali. he's a presidential candidate. he got bo (o) at a campaign event for saying all lives matter. more on this in a moment
10:28 am
10:31 am
>> okay. you want to know what's going on in the stock market these days, look at the nasdaq composite. that's the home of technology and that what you're looking at is close to an all-time record high. it hit 5223 earlier today. that's the high. that's technology. we have yahoo going to spin off its stake in alibaba coming out to a separate company, no impact on the stock. it's at 39. look at the price of oil. it's down to around $50 a barrel this among. that means it has lost 12th in the past month. no impact yet on the price of gas. and we have this from greece. they have paid off a small debt to the international monetary fund. what does that mean? >> it means they paid off the
10:32 am
amount they default. the 1.6 million euros, and they got the money as a bridging loan if you want to get technical, they got like a $7 billion loan just to take care of these bills right now. then like that process begins to get the $93 billion over three years the official bailout. so it's just old money. it's going on and on and on. by the way the greek people suffering. they can still only get 60 euros a day out of the banks the banks reopen today. and sales tax from 13 to 23% on everything. so all your basics have suddenly gone up so life already is getting very, very difficult for the greek people who have already suffered through five or six years of recession. >> 13% -- so it was like a sales tax >> yeah. >> 13% to 23% >> yeah. that was one of the requirements from the eu being this money >> tougher being an ordinary person on the street >> used to be great. you retire at 48, hang out
10:33 am
with your pals. those days are long gone. >> are theare they? >> i don't know we'll see. >> and i've got this. presidential candidate marco mali booed for saying all lives matter >> every life matters and that is why this issue is so important. black lives matter, white lives matter, all lives matter. >> i'm not sure what's going on with that. you're booed off the stage when you say all lives matter. however, he was thern forced to apologize. >> towards the end you said all lives matter, you said the phrase white lives matter. but i want to know if you understand the difference. >> what i first said was black lives matter. i meant no disrespect, and i
10:34 am
did not mean to be incentive in any way >> all right. fox news radio allen combs is here on that one. all right. you might want to explain this to me. what is wrong with saying black lives matter, white lives matter. >> talking to a black audience like that he should have stopped at black lives matter >> why? >> because that's what the audience wants to hear >> are you kidding me? >> i don't remember, alan. come on. >> i'm not done >> that's pure racism >> however, he should not have apologized for what he said see, say, because the true liberal thing to say is that all lives matter and he should never have called it a mistake. once he said it, he should have owned it and understand apologized for it >> what do you make of a presidential candidate who grovels before his audience. >> that never happens >> and he didn't say all black lives matter and left it at that. that's pathetic. will you admit that?
10:35 am
>> what's pathetic is calling it a mistake. >> it's pathetic that we have the reached the point in this country on a on it issue of race that a man stand stabbed up and say all lives matter and he can't just say it. >> the fact he first booed for that is crazy. >> hold on a second and watch this everyone, please, they are era raising like that cuban flag in washington d.c. diplomatic ties have now been restored. we tried to break away from combs just for a second toecap watch his fellow travelers on the political left -- i'm sorry i couldn't resist. it. >> great day for america and cuba. >> okay. they're raising the cuban flag in dc. it's not quite all the way up yet. >> getting there >> i think we get the point. do you get the point alan? >> yeah. it's called
10:36 am
diplomacy >> okay. your guy's flag is going up in dc >> yes. diplomacy. >> my guy? am i cuban? >> no. your political fellow travelers >> my fellow travelers railroad people of the world who want to work together to make a better world and this is called diplomacy something the president has done very very well >> you might want to tell that to martin. >> i just said that he should be able to say that without being booed, and he should never have said it, it was a mistake >> well, what does it say about the race relations in this country where a black audience is not prepared to hear from a candidate black lives matter, white lives matter all lives matter. >> i agree with you. you're not taking "yes" for an answer. but i think it would have been smarter if he had not said what he said in front of that audience. we all know when they speak to audiences, when right are
10:37 am
wingers are speaking to a audience they tailor the message >> i don't think that america is a racist society. i think middle america is the nonracist group of people i've seen in my life. and i've lived in various countries all around the world. i know what i'm talking about. nobody is less racially cognizent if you want to put it like that than the great american middle class. >> we have differences for crack and powered cocaine. it's not fair to african-americans. we have poverty in america >> that's all you've got? the difference between powered cocaine and crack cocaine? >> i'm giving you one example of how the criminal justice system is not fair to african-americans. and penalty. and poor people orphan not very responsible attorneys who often fall asleep at their trials and have to take state attorneys. there's a systemic problem in this country to race >> and after six seven eight years, president obama the
10:38 am
first black president still in the same boat? no improvement whatsoever? >> it's not up to one person to make an improvement. there are problems that transcend the branch. >> thank you very much. seriously, you know, we welcome you on this program >> i'm so pleased to hear that. >> you'll be back. >> thank you >> blake berman, you're at the embassy, the flag has been raised. tell me about it >> been watching a little bit of this, stuart, for the first time in 54 years. the cuban flag is on the embassy here in dc. you know, this could be really any one of 1,000 buildings here in our nation's capital. but for the first time in five decades, we've seen this flag go up. it is a day of ceremonies here. both what we've seen and nondeposition transcript over at the state department. the cuban flag was put back up at the state department, secretary of state john kerry
10:39 am
will be meeting with his counterpart there later today as well. seeing people chanting on both sides for a free cuba, also folks chanting asking for the blockade the embargo to be lift travel restrictions to be lifted. but as you know that is the next step and the political step going forward with all of this as travel restrictions are still in place the embargo is still in place. republicans have said that will be a tough lift, and they're not for lifting the embargo, at least at this point and potentially might even block the ambassador. as i talk to you there's protesters on both sides going at it, stuart, i'm not sure if you can hear it over my shoulder. certainly an emotional day outside the now cuban embassy in washington d.c. >> i would like to know when those cubans who had their property and money confin skated you get there back. i don't think president obama is capable of negotiating
10:40 am
that. >> the nasdaq pulled back i like that a little bit. but i want to look at the technology names. we're in the middle of earning seasons. are these companies making money? are they profitable? well amazon at least today apple, linkedin, google down 683, willing still significantly on a multibillion dollar capital that's the together watch today, stuart >> thanks so much, cheryl. and reports that president obama planning to collect data on everyday individuals. and it's for a secret race database. and it was a giant step for mankind. did you believe it's been nearly five decades since this moon landing? yeah, it is. more "varney & company" next
10:41 am
why should over two hundred years of citi history matter to you? well, because it tells us something powerful about progress: that whether times are good or bad, people and their ideas will continue to move the world forward. as long as they have someone to believe in them. citi financed the transatlantic cable that connected continents. and the panama canal, that made our world a smaller place. we backed the marshall plan that helped europe regain its strength. and pioneered the atm, for cash, anytime. for over two centuries we've supported dreams like these, and the people and companies behind them. so why should that matter to you?
10:42 am
because, today, we are still helping progress makers turn their ideas into reality. and the next great idea could be yours. >> i'm nicole with your fox business brief. and we see the s&p and the dow pulling back just a little bit. the nasdaq has hit a record all-time high once again. the down just fractionally at the moment. dow down 8. s&p down is. we've watched goll on the move as well. gold down $26.56 right now and gold stocks moving down along with it. really dragging the gold stocks and down almost 10%. gold cops also to the downside and one of these actually hitting a 52 week low. and morgan stanley with its profit numbers revenue but we are seeing it right now down a
10:43 am
quarter of 1%. and names on the move. essie and gopro after gaining big on positive comments on friday. gopro higher. and 5:00 a.m. along with lauren simonetti and sandragigs,se gi smith start it off here me get ready for tax time. to separate expenses,i just swipe. it's one hat i don't mind wearing. [passenger] i work for me. and so does quickbooks. it estimates my taxes,so i know how much stays in my pocket. and that's how i own it. [announcer]stay in the flow with quickbooks self-employed. start your free,thirty-day trial today at join-self-employed-dot-com. usaa makes me feel like i'm a car buying expert in no time at all. there was no stress. it was in and out. if i buy a car through usaa, i know i'm getting a fair price. we realized, okay, this not only could be convenient we could save a lot of money. i was like, wow, if i could save this
10:44 am
10:45 am
>> they've got the flag up now and you can see the stars and stripes on the lunar mission. beautiful. just beautiful. >> that's one small step for man. one giant leap for mankind. >> that's extraordinarily, isn't it? 46 years ago first man landed on the moon. 1969. i was in iran -- >> it was my 8th birthday. it's my birthday today and no one was wanting to pay attention to my presence. they wanted to watch the men on the moon. >> 65? wow. >> may look it, but i'm not. and you heard my take on california as in gas prices and what the green ease are doing to gas. up 65 cents this week in los angeles.
10:46 am
>> i was looking at this earlier, and if you look back in the '80s and 90 doesn't california used to be on par with the rest of the nation. that's not the story now. par and the rules very different be of course you and i used to live there. they have a different type of blend of gasoline. so that's so that does increase the cost >> what, yeah, about something was demanded by the greens >> the green proponents in the state. but now what we're seeing and your point of the reservoirs and the water shortage that you made earlier is another example of the green initiatives and the greenies taking over the state. but i will tell you there's a big movement particular in southern california where you do have more conservatives that are tired seeing what happened to the state and you will see a little bit of a change. i'm more concerned -- people forget that san diego is very conservative, by the way >> used to be. i don't know about now.
10:47 am
never elected a republican. >> dealing with the whole l.a. crowd, which is a lot more liberal than you were dealing with >> uh-huh. >> and the san francisco crowd as well >> i don't think there's any hope for california. i don't see them seeing the political light. i don't see it. they don't believe in markets they don't believe in capitalism, they believe in green >> they believe in water and help celebrities get busted with their water shortage issue all this water shaming you're seeing. and not upon intended -- >> really? do you really think california is going to -- >> at the end of the day money talks. and i don't care how green i am as a person, and i'm not saying i am. if all of a sudden my water bills are skyrocketing and my gas is $6 a gallon, i'm changing my tune. there's only so far that state can go before they will hit the wall when it comes to green initiatives and i think it's coming soon >> okay. that's a good last line, and i'll take it and be quiet. okay. now this. wait for it. president obama is collecting the personal data of americans for a secret race database.
10:48 am
ashley what's going on? >> an unprecedented collection of personal data. that was put out by a fellow at the hoover institute. this isn't just some act, you know allegation. this is what's been going on. amassing information on everybody to be used as a permanent network of discrimination databases. so they're looking at the disparity between between black neighborhoods caucasian neighborhoods, health systems where there are disparities. and then these are going to be loaded into a database and used for future cause use the for civil rights lawsuit to help in cases what they call disparate impact. that's the name of cases where people are not getting treated fairly whether it comes to your scoring banks, for instance they're going to collect data on banks. who gets loans, who doesn't >> so they're collecting all of this data >> yeah. >> going to get it on every american >> every american out there. grades -- >> everything about you. education level and everything
10:49 am
>> and then turn all of that detailed information >> yeah. >> over to lawyers >> yeah. >> who will be able to access it based on the information collected on those databases >> this bank did not give enough loans for mortgages to -- >> this group of people >> exactly >> this school disciplined too many people of color >> right. >> this university didn't promote the right people into the right courses >> exactly >> or right grades >> so it's used to bolster those potential lawsuits >> that's an obsession with race >> well, it's his legacy. this will be done before he leaves office >> and then the results will become parent after he leaves office >> that's exactly right? >> there will be hundreds of thousands of lawsuits if this goes through >> yeah. and it is going to go through >> it is. it's being done right now. >> welcome back, ashley, fine information. coming up this near-miss with a shark caught on camera. it involves one of the world's best surfers. would you know what to do if a shark goes aafter you like
10:50 am
that? i certainly wouldn't. i don't know how to swim. >> i think it's deferential a super, exciting, amazing encounter. i think it's a good example of an animal coming up and taking something for its natural pray item but to get from the old way to the new you'll need the right it infrastructure. from a partner who knows how to make your enterprise more agile, borderless and secure. hp helps business move on all the possibilities of today. and stay ready for everything that is still to come.
10:52 am
medicare options until you're sixty-five but now is a good time to get the ball rolling. keep in mind medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that's what it means to go long™. call now and request this free [decision guide]. it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget. all plans like these let you choose any doctor or hospital that accepts medicare patients and there are no network restrictions.
10:53 am
unitedhealthcare insurance company has over thirty years experience and the commitment to roll along with you, keeping you on course. so call now and discover how an aarp medicare supplement plan could go long™ for you. these are the only medicare supplement insurance plans endorsed by aarp an organization serving the needs of people 50 and over for generations. plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. remember, medicare doesn't cover everything. the rest is up to you. call now, request your free [decision guide] and start gathering the information you need to help you keep rolling with confidence. go long™. ♪
10:54 am
>> all right. take a look at this. caught on camera remarkable three time world surfing champion fighting off a shark attack. so how did he do it and should you do the same if you encounter a shark? joining us now robert gray, robert, i'm assuming you're a good swimmer. what's the answer? do you swim fast or stay still or whack it in the nose? >> well, it depends whether or not the shark is feeding. they said that this was most likely curious about nick as he sat on his surfboard since he got only the fins and not the teeth. which he said after the event. he turned around and kicked the shark and hit the shark. and the only injuries he got were just some bruises and cuts on the hand from punching the shark. what's also interesting to note is his competitor jillian wilson was also in the water waiting no his turn to surf
10:55 am
and saying that he was paddling toward his friend saying he had a weapon in his surfboard and there's actually a photographer in the world. he actually waved off the jet ski and swam to shore. now, i talked to the ceo of the world surf league earlier and he was with me moments ago and they said they're looking for new ways to detect sharks before they get on the scene >> we're constantly looking at technologies that will allow us to make sure that we can offer safe environment for athletes. drones are relatively new. the opportunity for us to take live feeds from drones, drones is new as well. so we're certainly will be implementing as soon as possible a system where we can use drones to spot any risk in the water. inclusive of animals. >> and the surf tour of course
10:56 am
lucky to have gopro and they work put them on the drones and under water cameras as well. and the u.s. open coming up next for them. july 27th will be just down the coast at huntington beach. back to you in the studio. >> robert, great stuff. next time i expect you to be in a wet suit out in the ocean seeing if you can find any sharks. that's a great assignment. >> surfs up >> surfs up, dude. hang ten. thank you. >> if robert doesn't, i will. >> a full two hours of "varney & company" in the books. here are the highlights on the way. >> i think it's a good example of showing an animal taking up and something for its natural prey item >> you're pro shark aren't you? >> i'm pro everybody. honestly i want the sharks and the people to live together really and i think surfers in generally are one of the most enlightened group of people
11:00 am
donald trump has declared for the presidency, but he doesn't sound like the person most americans want to see in the white house. he had already made divisive comments about people from mexico, followed that up by demeaning the intelligence of a republican competitor and then on saturday he said former p.o.w. john mccain was not a war hero. he quickly qualified that saying he is a war hero because he was captured. loose lips like that can sink a candidacy. john mccain spent five years as a prisoner of the north vietnamese. he was tortured brutally. he was offered early release because his dad was an admiral, but he refused. to question his status as an honored american is morally wrong, and it is in my opinion, political suicide. tonight donald trump will appear on the factor with bill o'reilly. we are told he will explain his comments. i don't know what mr. trump will say, but an explanation misses the point. he opened his mouth and what
11:01 am
came out was decidedly unpresidential. here's my bottom line. donald trump has brought direct sharp-edged language to the election race, and many people like it. but heaven forbid mr. trump should ever be called mr. prime minister. ♪ -- mr. prime minister. mr. president. ♪ ♪ >> trump is the aperture in the derriere. i mean, this guy, he's a clown. he hurts our country he hurts our image in the world, he's certainly going to hurt the chances of defeating hillary clinton. but beyond all that, calling, you know, calling out john mccain and saying he's not a hero, exactly how much military service has donald trump done? stuart: very much direct and to the point. that was colonel ralph peters earlier on this program this morning on donald trump. joining us now is fox news senior political analyst brit
11:02 am
hume. brit, welcome back to the program. >> thank you, stuart. glad to be here. stuart: i've said on this program today that donald trump was going up in the political a world until friday. as of this monday morning, he's coming down in the political world. what say you? >> well, i think that's, that will prove, ultimately, to be true if it isn't true already. i don't think that this kind of talk about somebody who whether you like mccain's record on various issues or not is undoubtedly a war hero are going to be helpful to him for very long and they make him sound like a bully and, you know, kind of a sixth grader hurling personal insults and so on. so it does not suggest that kind of, you know maturity and gentlemanliness that i think most people expect from candidates even in the rough and tumble of a campaign. stuart: now two presidential candidates, marco rubio and governor of texas, they have come out and said, look, this man does not belong in the race. withdraw. do you think that'll have any
11:03 am
impact or will he just take off against rubio and the governor of texas? >> well i think yeah, i think perry called for him to get out you're right and i don't think it's going to make him get out. he will be watching the polls and he will also be feeling the atmosphere with the crowds as he goes from event to event. he's quite a curiosity now. he's made a lot of news, and he's got a lot of money. he can finance himself for as long as he wants to go. you know, most campaigns, stuart, end when they run out of money because the support has dried up, and people don't think they can win, they won't contribute, and so you have to quit. he can wage a campaign indefinitely. now, that doesn't mean he'll be winning. i think he can't win. i don't think he could win the nomination, and i certainly don't think there's the slightest chance he could ever be elected president. so the question becomes for the republican party, okay, let's say we drive him out of the race or he collapses on his own does he go third party? and if he does, how much does he
11:04 am
hurt us? that's an interesting question. stuart: now, we heard that later this week hillary clinton will outline her plan to raise capital gains taxes. and take some more money off the rich. granted, she's moving to the left. but is this now the static position of the democrat party tax the rich, throw out more goodies? is that the establishment democrat party as they go into the 2016 election? >> well, one way or another stuart, democrats stand for higher taxes on the rich in particular, more government spending, more government control of the economy. this is what the party's about it's what it's been about for as long as anybody can remember. and, you know, there are really no new ideas here. it's always a fight over whether they have a lightly-regulated, lightly-taxed economy or a heavily-regulated, heavily-taxed economy. we've had that throughout this recovery, and look what it's
11:05 am
brought us the weakest recovery anybody can remember. so why she would want to at least be seen as advocating more of the same, i don't know, but i guess she figures if she can get enough democratic supporters to sport her, she can win. stuart: if donald trump declines and hillary clinton is same old same sold with policies that haven't worked, maybe that opens the door for a republican to pound the table so that we get some form of tax cuts and a big jolt to growth in america. maybe this is all a good thing. >> that's -- well certainly a big jolt of growth is what america and the world need right now. stuart: yeah. >> and, you know the democrats' policies seem unlikely to produce that for all they may say about growth which is, when you think about it, not all that much, and i think this is worth keeping in mind be, stuart. it's very hard for a party to elect its nominee three times in a row. we tend not to think about that because it's happened within relatively recent history when george h.w. bush was elected after two terms of ronald reagan. before that it hadn't happened
11:06 am
since roosevelt and it has not happened since. so that's always a hill to climb, and the republicans are advantaged by that that is correct. stuart: brit hume, thanks for joining us. >> pleasure. stuart: check the nasdaq. we usually say check the dow jones industrials well, now we're saying check the nasdaq. earlier today hit an all-time record high of 5223 look at it now, 5225. that is the result of the huge rally that we've seen in some of those biggest of big name tech stocks like amazon. it hit a lifetime high earlier now it's 489.58. it is indeed, closing in on $500 a share. gold going the other way a big drop because of a strong dollar and the threat of a rate hike later year. gold actually dropped below 1100 earlier this morning. price of gas, pretty steady. we're down a little over the weekend, but $2.75 is your average price. the most expensive gasoline in all of america is in california. that is at least a dollar above
11:07 am
the national average. you pay $3.87 on average in california from regular. it's more than that in l.a. as well. and then we have got a jet.com. they start operating tomorrow. be this is the latest online retailer. they say they're going to take on amazon. now, jet.com's not going to be profitable for at least three years. however, they've already -- they're already valued at $3 billion. [laughter] cheryl, you want to explain this? >> yeah. well, this is begging the question instantly is there a dot.com bubble again? are we right back where we were in 1999? and this is one of those stories. they don't make any money, they have $600 million in funding, already spent 40 million just to hire 300 people. they're taking a loss for some of their products. yeah, they're going to launch tomorrow. they've opened up warehouses in kansas, nevada, new jersey, but they're taking on losses. i mean, it's the same story over again. great idea, great web site. is it going to make any money?
11:08 am
stuart: but the people who are backing them have some significant money. goldman sachs is putting some money into them. there's a couple -- >> alibaba. >> yeah but when it goes public, it's because the investment bankers make all the money. how many times have we seen this play out over and over? stuart: yes. how much, go back to the 1990s and all of those dot.coms fizzled into absolute nothing. >> pets.com. stuart: they were nothing. >> right. stuart: i'm not so sure i can say the same thing about jet.com. they've got a solid business idea with solid backing. i mean, maybe the private guys will take all the money off the table and the ipo where the little guys get holding the bag but none nonetheless, i don't think this is going to go to nothing. >> i don't know, i don't like the business model. $49.99, you can get these unlimited discounts. to change consumer behavior to get people away from amazon that is a tall -- >> it is. >> -- order to. i don't see it.
11:09 am
that's just me. you know, i hope i'm wrong. i do. because all those goldman sachs bankers can make more money. yea, good for them. i know, i'm a little border. i was a reporter in san francisco covering the dot.com bubble with all these 26-year-old brats running around -- [laughter] stuart: do remember please there are four big name tech stocks that hit all-time highs last week, google, amazon, netflix, facebook. now, i don't think that's a bubble. there's nothing bubble about google, netflix, amazon -- >> no. stuart: those are terrific companies. >> i watch netflix, and i enjoy the product and i pay for it. so what's the question? stuart: now this, ladies and gentlemen. last hour we showed you the raising of the cuban flag at the cuban embassy in washington d.c. first time we've seen that in 50 years. come on in, christian whiten, former state department official. christian, to me, this is not about diplomacy. this is all about those cubans who were forced out of cuba 50
11:10 am
years ago had their property, their businesses and their money confiscated, and they want it back. but i don't think they're going to get it back. i don't think president obama's going to negotiate that. tell me. >> i think that's right. i think that's probably the farthest thing from the minds of the state department diplomats and white house diplomats who arranged this. i think they want a nice photo op. they've had a couple now. they want a feel-good moment. they go around saying things like this is going to be a great business opportunity for american business neglecting the fact that cuba has been free to trade with 194 other countries that don't have an embargo, and there has been no economic renaissance there. they also say things like this is going to liberalize cuba politically neglecting this fact that china has not liberalized politically despite free trade. stuart: is this another legacy move by the president? >> it is. of course, you know, he already has a legacy, but he's trying to put the veneer he wants on it. the iran deal is the major part. going back to his enall rag
11:11 am
address -- inaugural address right at the beginning, he meant that with regard to iran russia but also smaller dictatorships like cuba. the problem is we're not getting anything in return. stuart: yeah. i look at the iran nuke deal and i question what did we get out of this. i look at the cuba/american diplomatic exchange. what did we get out of it? i can't think of anything that we got out of it from cuba other than the president's legacy for solving -- or settling long-term problems. >> and it goes back to his world view that, frankly america is the problem in all of these equations, that it was the united states who somehow tweaked vladimir putin and that that's what was causing the acrimony not the fact that putin calculates his interests in a very different way than we would like him to do. similar with iran. not that they have this islamist government that they've had since 1979 which has been at war with us since 1979, that it's
11:12 am
just, oh, about some coup in 1953, we needed to apologize for that. we just need to change our disposition and somehow people abroad will change theirs. stuart: wishful thinking. christian whiten, former state department guy. thanks so much for joining us. >> thank you. stuart: check out this video just in. fifa president at a news conference, protester approaches, tosses a wad of money at him. the full story and the rest of the video -- [laughter] not a cream puff pie, i guess. what are you laughing at? >> that's awesome. stuart: after the break, democrat presidential candidate martin o'malley, he was booed at an event over the weekend. why? because he said black lives matter, white lives matter, all lives matter. and then he apologized. full story in a moment. what is wrong with saying black lives matter, white lives matter -- >> talking to a black audience, he probably should have just stopped at black lives matter.
11:13 am
stuart: why? >> because that's what the audience wants to hear -- [laughter] stuart: are you kidding me? >> only on al -- come on, alan. this will not wash. >> i'm not done. i'm not done. stuart: that is purée schism. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive?
11:16 am
stuart: it popped on friday after getting a shoutout from google. it is a different story today. no shoutout, down 7%. ebay spins off paypal, paypal hits a high 42.55. that was earlier. it's still up $2 at 40. look at this a protester throws a pile of money -- actually sort of slapped it down in front of him, he didn't really throw it -- during a news conference today, put it down in front of the fifa guy. [laughter] ashley, what exactly happened? >> this guy, his name is sam book, and he's a comedian. there goes the money. there it is.
11:17 am
of course, in the middle of this controversy about taking kickbacks to award world cup games and so on. in fact, that press conference was about when the election will be to have blather replaced. february 26th of next year. but this guy has a habit, he crashed kanye west's concert last month in the u.k. at the glass on the bury festival and also dressed as an english soccer player. what's his name again? simon broadkin. [laughter] stuart: i suppose that's good kind of, it's funny -- >> there are comedians who do this. stuart: was he throwing away dollars euros or zimm babb wan -- >> we don't know. we're looking into it. [laughter] stuart: now a serious subject. the outrage from the left, i'm going to call it that, and democrat presidential candidate -- the left is outraged that the democrat presidential candidate martin o'malley. he was booed this weekend after
11:18 am
saying all lives matter. listen. >> all lives matter, and that's why this issue is so important. black lives matter, white lives matter, all lives matter. stuart: okay. black lives matter white lives matter, all lives matter. that's what he said. he's booed off the stage and then he had to apologize. look at this. >> towards the end in your explanation you said the phrase "all lives matter." you said the phrase "white lives matter." but i want to ask you, do you understand the difference -- >> i believe what i first said was that black lives matter. i meant no disrespect. that was a mistake on my part and i meant no disrespect and i didn't not mean to be insensitive in any way. stuart: now, that was a grovel, was it not? teaparty.net chair niger ennis joins us now. welcome back to the program. so if a white democrat politician says black lives
11:19 am
matter, white lives matter all lives matter, that's not good. he is booed off the stage. we are told he should have said black lives matter and leave it at that. what the devil's going on? >> this is absurd. and it is yet another manifestation and reflection of race relations and how they have deteriorated in the obama age. you know, another reflection of that, of course, is that the first black president, historic figure of the united states, has to have as his race go-to guy reverend al sharpton. this is a reflection of how far left wing the democratic party has come and how bad race relations are. this group, by the way, one of the leaders of this group and the name of the group is black alliance for immigration justice they don't give a darn about black lives. they care -- they are concerned about rallying progressive elements all across this country. i guarantee you that they are
11:20 am
soros funded and they have an agenda that has very little to do with black lives. stuart: why did he apologize? was this group dominating the audience? i still don't understand. i have to ask you, why on earth did a presidential candidate apologize for saying what he'd said. >> >> because he lacks courage, and i'm very, very disappointed in governor o'malley. he should have stepped up to the plate and had his sister soldier moment, if you will, and really chastise these radicals and say that if it is controversial for me to say that all lives matter white lives, black lives, all lives matter, then where -- we're not on planet earth anymore, we're in the twilight zone. and you radicals out there that want to engage in racial partisanship, i will not kowtow to you. he should have shown a little bit more courage. he might have gotten a blip in the polls and be up at 5% instead of less than 1%. stuart: what about hillary clinton? surely at some point she's said
11:21 am
either black lives matter, white lives matter or all lives matter. is she going to be similarly chat thesed by -- chastised by the left? [laughter] >> i somehow don't think that's going to be the case. as i said to you, stuart this has very little to do with black lives. as you know, thousands more black lives are lost to criminals than to white cops or to cops period. but these folk out there don't protest that. this agenda has less to do with black lives and the quality of black life than it does with their radical, left-wing, progressive agenda that emanates from those, that grass roots element out there all the way up to the white house. stuart: i've got very limited time left, but i want to say this. i've lived in four or five, five different countries this the world. i have never seen any group like middle america which, in my opinion, is the least racial group, racist group that i've ever seen anywhere in the world. what say you? >> my father, roy ennis, the
11:22 am
chairman of the congress for racial equality, said that the united states has gone to the greatest relatively peace beful social revolution -- peaceful social revolution in the history of mankind. nowhere on this planet has a country changed so dramatically, so radically when it comes to race relations as has the united states. i'm so proud when i hear you, a new citizen of the -- relatively new citizen of the united states, sing our praises stewart because it is -- you're quite right. you are spot on. we are the greatest nation on the face of the earth in terms of race relations, and that's the fact. stuart: well said. niger ennis welcome on this program any day anytime. you come on back, son. [laughter] >> i'll be there. [laughter] stuart: thanks. >> take care. stuart: bidding wars, back in the real estate game? yeah, they are. what you need to know and if there are any deals out there. that's coming up next. and it's the story everybody's talking about. world champion surfer attacked by a shark. he fights it off, escapes
11:23 am
injury. listen to this. >> it seemed like the shark just kind of came up, investigated the surfboard, you know, it looks like its normal prey item which is a seal and then it got caught up in his leash which looked really exciting for a minute there where he got pulled back off the board. these two oil rigs look the same. can you tell what makes them so different? did you hear that sound? of course you didn't. you're not using ge software like the rig on the right. it's listening and learning how to prevent equipment failures, predict maintenance needs, and avoid problems before they happen. you don't even need a cerebral cortex to understand which is better. now, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized.
11:27 am
stuart: the british open wraps up today. could be jordan spieth's shot at making history. to the leaderboard please. zach johnson adam scott they lead 15-under. spieth now trailing 12-under. ouch. what did spieth do? >> double bogey on 8. it's been a disaster for him. he's got to make a hard charge as we go into this back nine, and that's a difficult place to do it. typically, you make your birdies on that front nine, and that's certainly what we've seen out of the leaders. zach johnson the man's a birdie machine. just a huge charge here. stuart: didn't they have one of those deep, deep bunkers, like a well, and he got into it, but -- >> he got out of it, which is a challenge, you know? typically what you have to do is you have to get out of it forward or backwards which no golfer likes to do. stuart: but he did it. >> he got out. stuart: there's so some really big
11:28 am
names so spieth's got his work cut out for him. >> you don't know what's going to happen with the we've, it's always a -- with the weather, it's always a possibility. are we going to see a playoff? >> oh, my gosh, this is the never ending open. [laughter] >> yeah, right. stuart: you know, gerri willis is almost in tears because she really, really wants jordan spieth -- [laughter] >> i do. twient make history. stuart: stay on it gerri. talk to you later. donald trump stealing headlines with his brash comments, we've got it. has anybody noticed hillary going ever deeper into tax the rich territory? more on that in a moment.
11:31 am
usaa makes me feel like i'm a car buying expert in no time at all. there was no stress. it was in and out. if i buy a car through usaa, i know i'm getting a fair price. we realized, okay, this not only could be convenient we could save a lot of money. i was like, wow, if i could save this much, then i could actually maybe upgrade a little bit. and it was just easy. usaa, they just really make sure that you're well taken care of. usaa car buying service. powered by truecar. online and on the usaa app.
11:32 am
stuart: to turkey, dozens are dead after an explosion near the syrian board. at least 28 dead 100 injured. a turkish official says it was in retaliation to the turkish government's fight against terrorism. ashley, what do you make of this? >> this is interesting, al-baghdadi, he's the head of isis, and apparently he's bang all beheading videos now. have you heard this? stuart: i just did. >> you know why?
11:33 am
because he thinks they're bad for the group's public image. stuart: wait a minute beheading is bad, don't put it on video -- >> because it's bad for their image. he reportedly sent a letter to isis media offices saying immediately stop putting out these beheading videos. the fact that a they have media offices is frightening in itself -- stuart: they just won't put it on camera. >> yes. why? because they don't want to offend other muslims whose children may be frightened by them. stuart: it was a turkish official who said maybe isis is responsible for this bombing on the border. >> yes. stuart: so isis will continue with their terror campaign -- >> of course. you know, it's almost a joke to say it's bad for our image to put out these beheading videos. are you kidding me? >> burning somebody in a cage that's good pr? >> well, i don't know what to say about this. i don't know how -- >> it's so ludicrous by its very nature. but listen, they are very well organized. the fact that they're putting
11:34 am
out notices to all their media offices just tells you the organization -- stuart: and now they're doing their best to destabilize turkey -- >> which is a critical part of the world let's face it. it's where east meets west -- stuart: and you were there. 100 miles from the border, that's all it was. >> that's right. stuart: check the nasdaq because that's where the big action is in stocks these days. nasdaq is the home to all these high flying tech companies and it's at another record high. 5225 earlier now it's 5218. close to the dot.com bubble days. actually, above that. gas holding steady $2.75 is your national average, and the most expensive gas in america is in california. they average in that state $3.87. more on that in a moment. back to the big theme that we've been following today, donald trump not apologizing for his comments about senator john mccain not being a war hero. his fox news senior political
11:35 am
analyst -- here's brit hume from earlier this hour. >> he will be watching the polls, and he will also be feeling the atmosphere with the crowds as he goes from event to event. he's quite a curiosity now. he's made a lot of news, and he's got a lot of money. he can finance himself for as long as he wants to go. stuart: donald trump just tweeting this out. here's the quote: we will soon be at a point with our incompetent politicians where we will be treating illegal immigrants better than our veterans. guy benson from town hall, he is senior political editor at town hall. guy, i want to go back to his comments about john mccain. i don't think that most americans want to see donald trump with a mouth like that in the white house. what say you? >> oh, the polls bear that out, stuart. i mean, everybody's talking about a few polls here or there where trump is leading or in second place among the republican electorate, and he's at 17% 18% but his negatives -- even among
11:36 am
republicans overall -- are through the roof. and in the broader electorate, it's not even close. he has some of the worst positive/negative ratings that these pollsters have ever measured in the history of american politics. so he will not be president. the question is how long will conservatives allow this man to in some way represent them on the public stage even though he was until very recently a liberal democrat and a hillary clinton donor? i'd be curious to know if hillary clinton has been asked to condemn her donor for what he said about john mccain. i think she did rip him, actually like everyone else has. stuart: but, you know as brit hume said a few moments ago politicians who don't get much support have to withdraw because they run out of money. donald trump is probably not going to run out of money, so he could be making mischief for a long time to come. >> he sure could and he's got the money to do it, and he also may have an incentive to do it which is this man is addicted to attention. he's very good at getting it, i'll give him that.
11:37 am
when it comes to self-promotion it's tough to beat donald trump. and given that a lot of his other avenues seem to have dried up because of other incendiary remarks that he made on the campaign trail maybe he's looking around and saying, well, maybe i should just go through with this thing for as long as i possibly can because hey, when people are talking about donald trump, donald trump is winning. and so, i would argue, is hillary clinton. stuart: i don't want to push this too far, but look some of the things that trump said, the way he says them is appealing, because it's direct, and he goes right at the issues of the day. but i don't think that donald trump is fit to be the president of the united states. will you join me in that? >> oh, absolutely. i have been totally unambiguous in my views about donald trump. he should not be the republican nominee. he is not a conservative. he's sort of a cheap insult comic running for president and getting a lot of attention for it. stuart: okay. >> but look, you're right though, he is tapping into something, a contempt for the
11:38 am
political class and highlighting certain issuings. i can understand why he's getting some traction. it is still unfortunate in my view. stuart: hillary clinton still leading in the polls among the democrats. now she's running on a platform of raising taxes. get out there and raise taxes tax the rich. i want to refer again to what brit hume responded to that once again. roll that tape again, please. >> it's always a fight over whether to have a lightly-regulated, lightly-taxed economy. we've had a kind of heavily-regulated heavily-taxed economy throughout this recovery, and look what it's brought us, the weakest recovery anybody can remember. so why she would want to at least be seen as advocating more of the same, i don't know. but i guess she figures if she can get enough democrats to support her, she can win. stuart: maybe people are too focused on what trump's been saying rather than what hillary's been saying. maybe trump is distracting people from what hillary's actually saying. >> well, no.
11:39 am
again, this comes back to my point. i think that hillary clinton while she is denouncing in public what her donor is saying, donald trump, he is giving a massive in-kind contribution every single day to the hillary clinton campaign by taking up so much of the media attention people aren't paying attention to her. now she's not answering questions from the press anyway and she's sort of running this joyless slog of a campaign, and she gave the speech last week about economics. nothing new. doctrinaire tax and spend liberalism. she's moving further to the left than she was in 2008 on capital companies taxes, for example. -- capital gains taxings. and you know what, stuart? that's a reflection of where her party is. this is the party of bernie sanders and elizabeth warren and hillary clinton is deathly afraid of a challenge from the left because of what happened to her in 2008, so she's going all the way over in that direction, repudiating her own husband's legacy one of the most popular presidents in modern american history because she thinks this
11:40 am
is what she has to do to win. stuart: ain't politics just absolutely fascinating? >> they are. stuart: our viewers too. guy benson thanks so much for joining us. >> thank you stu. stuart: do you realize that housing bidding wars are back? metro areas are seeing a return to the bidding wars from the housing boom, that era. this time it's a lack of homes that's making the market competitive. is that right, cheryl? >> absolutely. it's a lack of supply. we have been seeing this, this has been coming for a couple of years now. what happened during the recession is that we built all these you know, multifamily housing units. translation, apartments. they weren't building new homes, and then you also had certain cities where we have already or seen this bubble start to rise up. i want to show you some of the cities, santa rosa, san jose, san francisco, ceasing, washington -- seattle, washington -- stuart stewart what's going on there? >> these are the tightest housing markets --
11:41 am
>> not enough homes for sale. stuart: california? >> these are the top five. they gave a great example. denver $40,000 over asking. this is now happening in cities we never expected to see this which, of course, has got us worried now about a price bubble. >> it's a seller's market. stuart: seller's market. you would agree with that, cheryl? >> oh, absolutely. stuart: are you selling? >> no, not at all, but i wish i was. stuart: i thought you were going to live in greece permanently. >> that'd be nice. >> am i the only one that's concerned about what we're seeing here? stuart: about what? >> people overpaying for homes. >> in your judgment they're overpaying. >> are we going to bo back to this again -- to go back to this again? stuart: overpaying that's your judgment. not necessarily theirs. >> well, but emotion of buying a home and getting into the bidding process -- >> the banks are okaying these mortgages? stuart: look what i don't understand is paying over the asking price in california. four of those five cities were in california. i blame the greenies for high
11:42 am
gas prices in california, oh, yes, i do. once again the formerly golden state shows its true red colors. and a huge hack attack on the cheating web site ashley madison. thousands of people -- actually it's got millions of people. >> millions. stuart: wait until you hear this one. ouch to. [laughter] people with type 2 diabetes come from all walks of life. if you have high blood sugar ask your doctor about farxiga. it's a different kind of medicine that works by removing some sugar from your body. along with diet and exercise farxiga helps lower blood sugar in adults with type 2 diabetes. with one pill a day, farxiga helps lower your a1c. and, although it's not a weight-loss or blood-pressure drug farxiga may help you lose weight and may even lower blood pressure when used with certain diabetes medicines. do not take if allergic to farxiga or its ingredients. symptoms of a serious allergic reaction include
11:43 am
rash, swelling, or difficulty breathing or swallowing. if you have any of these symptoms stop taking farxiga and seek medical help right away. do not take farxiga if you have severe kidney problems, are on dialysis, or have bladder cancer. tell your doctor right away if you have blood or red color in your urine or pain while you urinate. farxiga can cause serious side effects including dehydration, genital yeast infections in women and men, low blood sugar, kidney problems, and increased bad cholesterol. common side effects include urinary tract infections changes in urination and runny nose. ♪do the walk of life♪ ♪yeah, you do the walk of life♪ need to lower your blood sugar? ask your doctor about farxiga. and visit our website to learn how you may be able to get every month free. ♪ ♪ >> i'm nicole petallides. right now the dow jones industrial average up to 18,108,
11:44 am
the dow the nasdaq and s&p all with up arrows, and it's worth noting the nasdaq at a record high again today while oil and gold pulling back, the russell 2000 transports pulling back, so we have somewhat of a mixed market. hasbro hitting a new high after better sales, "star wars" related toys really helped them with sales, up 6.5%. some of your down movers apple also a winner on the downside, though unitedhealth and home depot coming under a little bit of pressure. keep an eye on ibm and zion bank these are names reporting after the bank. ibm up one-third of 1% at 173.02. and make sure you start your day here on fox business at five a.m. we kick it off with all the breaking news, overnight news get you started for your busy day. lauren simonetti sandra smith and i host.
11:46 am
stuart: well, this is quite the video, isn't it? three-time world surfing champ mick fanning fighting off a shark attack in south africa yesterday. here's what he had to say. >> punched it a couple of times, and then it was dragging me, i felt like it was just dragging me underwater. stuart: felt like a punch a couple of times. cheryl, it was a great white, wasn't it? have we got confirmation of that? >> this water is known for great white sharks. 2013 a surfer was killed by a great white shark right near jeffrey's bay.
11:47 am
>> like a buffet for sharks. >> known for these -- what did you say? >> it's like a buffet for sharks. i mean, they know there's going to be surfers there. the surfers know the risks. it's amazing that was captured live on television. >> maybe the shark wanted his autograph. he's a very famous -- >> beneath that greek suntan of yours, you're blushing. >> i'm really not. stuart: whoa. there'll be e-mails. [laughter] the price of gas as of today, the national average, ladies and gentlemen is $2.75 per gallon. however, on the right-hand side of your screen is, that's what california has to pay, about $1, $1.10, $1.12 more. why is that? alicia fellowshiply is with us from -- finley is with us from "the wall street journal." she wrote all about this and, in fact i stole your article for my take on this program earlier. high gas price in california is the greenies' fault isn't it? >> well, yes. it's because of environmental regulations that have been layered on top of each other
11:48 am
which has resulted in gas prices. typically around 40 or 50 cents higher than the national average. shot up to over $1 more expensive. stuart: the uber greenie hedge fund millionaire, etc. etc. he says if -- it's the oil companies, they're charging californians more than a billion dollars a month extra. >> yeah, that's right. liberals are making this out to be some kind of conspiracy collusion, a little bit like the enron days. stuart: well, you were out there. you wrote the story from california. what are californians saying? >> no, actually, i wasn't out there in california when i wrote the story. stuart: what does california say? >> i've heard back from a lot of readers was that, well, are you sure there isn't some kind of speculation here? it just seems a little suspicious that all of a sudden gas prices have gone up. maybe they are colluding. stuart: they have gone up suddenly. >> suddenly. stuart: but that's because there's a shortage of refineries
11:49 am
that can put out the special gas that california mandates. >> that's right. only 14 refineries in california can do that. and two of them right now are doing maintenance and are down which has drastically reduced output. and therefore, when you have such stretched supply, the price goes up. stuart: why is electricity, the cost of electricity in california going to the moon now? >> mainly because all of a sudden the renewable fuels mandates, all these renewables that are mandated under the state law are coming online. meantime, cheap hydropower, probably the cheapest form of electricity in california, has drastically been cut back because of the drought. and then decommissioned some nuclear plants have been decommissioned too. stuart: look, i say the electricity runup in california is because of the greenies. am i going too far? >> i think it's -- yes, that is the main reason why california -- stuart: all right. i'm also saying that there's a shortage of water in california, there's a water -- there's a
11:50 am
drought because the greenies wouldn't allow reservoirs to be built over the last 30-odd years. >> well, the drought is a weather event but yes, i mean, that has definitely contributed and magnified the problems, the lack of storage the lack of pumping from the north just the water that's been sent out to the delta. stuart: that's because of the fish, right? a trillion gallons of water go to the ocean because we've got to save this tiny little fish, is that correct? >> over the years yes. [laughter] stuart: you know i'm not going to say anything more than other than alicia finley wrote the article and i stole it from her. [laughter] come on back. ashley madison now, that is a web site that helps you cheat on your spouse. uh-oh, it's been hacked. millions of people's data may be exposed. after the break. ♪ if you can't stand the heat,
11:51 am
get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. share your summer moments in your mercedes-benz with us. new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business
11:53 am
you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™ you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year.
11:54 am
there's no limit to how much you can earn and this savings applies to every vehicle on your policy. call 1-888-438-9061 to learn more. switch to liberty mutual and you could save up to $423. call liberty mutual for a free quote today at 1-888-438-9061 see car insurance in a whole new light. liberty mutual insurance. ♪ ♪ stuart: all right. got to update the british open. i think we might show you the leaderboard. leishman is now 16-under, but jordan spieth has birdied the 9th and is the 10th, and he's now just two strokes back. so he's 14-under. the leader martin leishman, is 16-under. in between them is zach johnson and adam scott.
11:55 am
now that is a contest and a half. how's this for irony though? totally different subject. ashley madison, that is a web site that helps married people cheat discreetly -- [laughter] well, it's been hacked. and 27 million cheaters are not so discreet any longer. any comments cheryl? >> i mean, look, nothing is private nothing is sacred. if this data is, indeed released to the public, watch out. i mean, we're talking sexual preferences, we're talking who they're looking for, who they found. i mean, this is pretty -- i mean, like ashley made a good point earlier, the divorce lawyers should get ready because it's going to be good times out there if this goes public. stuart: that's true, isn't it? ashley madison hasn't said we were hacked. >> they haven't denied it. >> well, they haven't denied it. stuart: they haven't said how much information is out there. >> they claim to have 37 million members. stuart: so if anybody went on to this web site where they say you only live once, life is short
11:56 am
have an affair, so if you put your information on there, sexual preference -- >> that's the thing obviously i guess these profiles are very specific about what people are looking for. and so that's -- but the whole point see, ashley madison sold itself as being you're protected, no one's going to know, your spouse isn't going to know. oops, well, not know. >> who on earth puts that information out there? stuart: who on earth now would go on this web site is and reveal this kind of information after this kind of hack? >> this web site's been around a lot longer than cyber hacking's been a lead story, so people at the time felt like oh, it's okay. not okay anymore. stuart: obviously. well, apparently obviously not. >> and also the hackers are angry at ashley madison for saying they can protect their users. they're proving them wrong. stuart: it was the impact team that did the hack, they say. >> are they in china? stuart: wait for it more varney after this. [laughter]
11:59 am
>> i have been totally unambiguous in my views about donald trump. he should not be the republican nominee. he is not a conservative. he's sort of a cheap insult comic running for president. and getting a lot of attention for it. >> that was guy benson with his opinion on donald trump. you were chiming in too. first of all let's go to michael. this is becoming a patent with donald trump. smear someone you disagree with and fail to apologize. and on a different subject the white house will he nevada reflecting to put the flag at half staff after the chattanooga shooting. quote it is a disgrace and where is the honoring for those to protect our country only to be killing on our own ground? and quickly look at the nasdaq, earlier it hit an all-time record high. it's still way up there.
12:00 pm
that's what happens when the big name technology stocks goes straight to the moon. and amazon closing in on $500 a share. what a stock. neil cavuto, welcome back. >> thank you very much, mr. varney. first of all, my thanks to charles payne for doing great work in my absence. but charles payne really? well, thank you for both of them. and thank you to homebuilders. this could be the start of something big today. by any chance were you looking around homes this weekend? were you sizing up the market, looking to refinance? something is going on, folks. it's been reported that we're seeing record crowds showing up for home openings, that sort of hearing. something we have not seen now for the better part of a decade but it's beginning to bubble in a couple of key markets. we thought we would open up with this today
230 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on