>> welcome back, we're expecting an open on the broader averages. there are weaker than expected earnings. keith mccollough sandra smith, thank you so much. sandra: great show. maria: "varney & company" is next, stuart have a good show. stuart: thank you, maria. iran stopped spending lining up the deals. do you think we can snap back the sanks if the nuke agreement falls apart? good afternoon, an iranian minister says they have $2 billion worth of projects lined up with european companies, the nuke deal has not been signed, but the money is beginning to move already. something usual, thousands protested against the deal in times square rarely do you see the right takes to the streets, especially in new york city. i've got a big winner today from the tech stock rally, that would be mark zuckerberg the

facebook guy, worth 42 billion, 9th richest in the world. a victory for technology and the sharing economy, new york backs away from restrictions on uber. and he's back anthony weiner he's got a job, consults on pr nightmares. he's qualified. "varney & company" is about to begin. ♪ here is something you don't see that often, right of center people i'm going to call them conservative on this issue, taking to the streets by the thousands in times square to protest the iran nuke deal. ashley webster is here. i don't think he was there last night. >> i was not, but we normally talk about the silent majority not the case this time. 8 to 12,000 people flooding into times square. i can't imagine the nightmare. it was organized by a group

called stop iran now. and they loudly booed any mention of president obama or hillary clinton, basically they were saying look this is a bad deal for israel terrible for the country, and we cannot let this go through. as you mentioned already, this thing has been passed by the council, and eu companies are moving in and by the way, this is happening. stuart: you're right. i think it's a done deal. >> it is a done deal. these people last night. when was the last time you saw thousands of people and i'm going to say they're conservative and right of center. ashley: they are, you never see this. never see this so it's great impressive. stuart: new york city is looking up. more on irans a the flood gates-- we're saying the flood gates are open and the money and contracts are flowing. $2 billion in projects lined up with european companies. joining us from washington no going back on that you can't snap this stuff back again once the flood gate doors are open.

>> you really can't and that's why they're beginning to immediately talk about the relief of sanctions and their economic deals because they want to put this in place and get businesses invested right away and that's just $2 billion in the last week or two. the and the american-syrian community is looking at this and saying wait a minute we have so much sanctions against syria because of the genside against the sunnis and relieving the sanctions against iran and using for hezbollah and others and this is not just about a nuclear deal. you heard secretary kerry saying it's $150 billion we're releasing it's not that much. it's their money that they froze. we're talking as if it's nothing there will be more moan to be used for spread of influence around the world. stuart: what do you make of this story about two secret side deals between the iranians

and the international atomic authorities. if they exist, we're not part of them. our congress doesn't get to look into them and say yes or no. that's between two separate parties. what do you make of it? >> it sort of proves what many of us were so afraid of. countries like this don't come to the table unless they have to. the reason they came here is pause of appeasement and we're beginning to find out the only reason they came here is because we sold them the farm and we don't know how much of the farm we gave away. the billions are coming out. military side deals, ballistic missiles, the threats of the region is increasing arms sales money to private companies. it goes on and on and we allow war criminals to no longer be under sanctions, what's happening here? every day we're finding out how much of appeasement we gave away in the past few months. stuart: okay. i believe that secretary of

state john kerry will be testifying in washington later on today. you'll be watching won't you? by the way. >> absolutely. stuart: have you ever been called on to testify before congress, ever? >> not on this issue, not on islamic reform. congressman king had me testify on muslim radicalization, but certainly not by this administration. stuart: let's see if you ever get in there. we'll see you soon. to the market where are we going to open this morning? futures indicate a slightly down market 17-7 is where we are on the dow. down about 20 when the bell rings in 25 minutes. look at the price of oil, that's interesting. we're at 49.44. i repeat. $49 a barrel we've broken below 50 and stayed there. and 2.74 today. let's see if we get a slide in gas prices as oil drops below 50. check out the price of gold $1,095 an ounce, morgan stanley

says it's going to go down to $800 an ounce. it's got a long way to go down. it's not there yet. but it's $1095 right now. look at apple coming off the big drop yesterday. the indication on wall street is for not much change in the opening bell right now. right about $125 per share. let's talk about facebook's founder mark zuckerberg shall we, now the 9th richest person in the world with a fortune of over $42 billion. we've been promoting the big name text stocks and look at facebook, 42.9. ashley: some estimates more than 43 billion. he's gone up since-- yeah, just went past the founder of ikea. left him in the dust and close to surpassing the ceo of amazon, jeff bezos and oracle's chairman mary ellison. he has a 22% stake in facebook as the stock continues to go

up this young man, still a very young man. stuart: 31. ashley: he's 31 years old, 43 billion. stuart: the point i would make is that facebook employs only 10,000 people that's it. and that's for a company worth $275 billion. modern technology concentrates wealth. it doesn't create a whole bunch of jobs it concentrates it and worth $43 billion, a good story. ashley: great story. stuart: he's 31. we keep trying to figure out the winners and losers from the iran nuke deal the guy who figures it out, ian bremer with the eurasia group. you sent out a tweet, you said russia is the beg lose-- big loser in the iran nuke deal. >> you showed it the oil, russia is taking on the chin.

their economy is contracting because of sanctions. stuart: hold on, it's contracting, it's not just flatlining, it's contracting. >> 3 1/2% this year imf expects one of the worst production expectations of any major economy in the world and secondly, the iranians are a major gas supporter and europeans will buy from iran as opposed to russia where there's problems with disruptions. there's no way to reverse that. once europeans are getting iranian gas, they're not going to turn off the spigots. >> the fact that you open up the iranian economy over the long-terms and that the iranian people and regime will be more interested in globalization and long-term that's going to make it harder for the russians to maintain a strong strategic alliance. and that's tweet number one. >> it was. stuart: we saw it. you told me this morning, there

was tweet number two, which shows in some ways that russia is a winner. make that case. >> it's unmitigated. the reason that russians pushed so hard for removal the arms embargo they want to sell weaponry to the iranian government. that will bring cash in. they also want to be invested generally in the oil and energy sector and they'll move fast as opposed to the americans and europeans. and the russians will be doing deals with the government directly. also on the nuclear side. over time there will be mitigating pluses for them and of course iranians provide a lot of money and support to some of the region i'm talking syria. and how bad the deal is for us on the nuclear side. the geopolitics are favorable. stuart: your company,

well-known company, you give advice to corporations and governments. >> yes. stuart: are you advising on sanctions in iran? >> not only companies, but the hedge funds, the outcome and indications of the iran deal is one of the most significant issue that the client space has been focused on. >> from your point of view the iran nuclear deal is good for your clients? >> on balance it's good for the global economy and our clients. >> welcome back good to see you we appreciate you being with us. >> my pleasure. >> we have other headlines for you and lauren simoniety. >> you must need a new tie, because macy's has had a same day delivery doing it in eight markets now. stuart: same day delivery?

>> they eventually plan to be more than 14 which is amazon. amazon has 50 fulfillment centers. this is what you've got to look for amazon's earnings what the shipping expenses. they meat that amazon loses billions on popular two-day stipulating. ikea is warning about 27 million dressers and chests they look normal, but they can actually fall over and they can crush children under their weight. two kids died as a result of this and over the years, dozens more have been injured by furniture. one of them is the maom chest. be careful, ikea recommends that you anchor it to the wall and offering free kits to do so. and lebron james wants to make movies. the basketball star is performing a production partnership with warner

brothers that expands tv and content. will lebron be acting in some of the movies? some are rumoring a space jam two. lebron says if it's authentic to who i am. stuart: i want to know if he's going to become a billion dollar sporting guy? >> absolutely. ashley: without a doubt. >> he formed a tv production studio two years ago and now he's got this deal and his partnerships with nike absolutely. stuart: a billion dollars do you think he'll make at some point, amass. >> ill'll bet you that new tie. stuart: don't forget 5 a.m. eastern lauren sandra nicole, they're on your screens can you believe 5 a.m. early with a smile on their faces? that's incredible. >> it's genuine. stuart: a big smile. look at this video, whoa watch out a fire broke out on a royal caribbean cruise ship yesterday. it was approaching jamaica. within crew member burned.

the passengers were sent to evacuation stations with their life jackets, you wouldn't want that picture. ashley: no that's not the post card. stuart: backing down a big win for uber. today is the day for trump making a big campaign stop at the border. more "varney & company" in a moment.

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?

>> we've got a bombshell report from the independent agency that investigates the government. it says that americans are vulnerable to irs audits because of their personal beliefs. and that political targeting is indeed possible in the audit process. remember, please president obama just went on the daily show where he dismissed claims that the irs targets conservatives. we have more on this later in the program. it's a bombshell. now this uber has won at least

a temporary battle against new york city and mayor deblasio limiting the uber cars on the streets. kathy i want you to defend you're a suspect. >> yes. don't look so-- admitting it. [laughter] the chair is back what's going on. >> you're a democrat and why do you democrats stand in the way of innovation? uberis an innovation in the car shares, ride sharing business and you're trying to restrict them. why are you doing that? >> it should be regulated, it's a $50 billion company. the little guys trying to make it in their garage it's not, this is a big corporation. we don't know who is picking up whom in a car. i would like to know. stuart: the government wants to know, right? >> that's what deblasio was

trying to understand. >> he was looking at it a monopoly taxi industry. this is a way to defend the monopoly. >> uber is becoming a monopoly. stuart: no they're not. there are companies like lyft and others. why are you supporting a monopoly. >> they pay the medallions to drive the cars. it could be anyone. stuart: it's between the passenger and driver and the company. why do they have to have a-- >> i trust the yellow cab because they have the medallion. >> we want to use uber. we think it's a terrific service please, please, can we use it? >> give our wonderful mayor, bill deblasio time to investigate uberand find out what's going on. and they're like the taxicab.

>> there are thousands and thousands of independent operators. >> who are the independent operators? >> are you so worried? >> yes, i have not used uberfor that reason i don't know who they are. i would like them to be regulated and-- >> and i still use the yellow cab. stuart: you use uber tell me that you get a picture of the driver and his name when you book a car. ashley: you do. stuart: isn't that true? control room i've not used it, but tell me if i'm right? yes you're right. you get a picture of the driver. >> this person didn't pay anything for uber he says he's a uber driver. >> you're right. stuart: investigate who these people are. i'm with you, we've got to crush these-- >> it's a billion dollar company and they're not little

innovators. stuart: they're not innovators? i hope you come back next week. [laughter]. stuart: next up lindsey graham taking to youtube to share what he is thinks of donald trump sharing his phone number. and doctors are researching people with genetic mutations, people, for example, who don't feel pain. science is kind of like science fiction and we'll have it for you later.

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. 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. >> lindsey graham responded to donald trump giving out his private cell phone number and made a youtube video of him destroying the phone. quite funny. watch this. ♪ . >> if all else fails, give your number to the donald. this is for all the veterans.

[laughter] i've got to say i laughed. ashley is with us. >> i like it it's great. >> i thought that was effective. ashley: he used a blender, set it on fire threw it off the roof and shows him in a different light and that's effective. it was funny. >> with all due respect to senator lindsay graham he sat down with us #oneluckyguy. i thought it was awkward and trying to respond what he was trying to do. he was trying to do something cool and funny and it wasn't him. stuart: i tell you what i'd rather have. rather have that than rick perry and donald trump going at it. ashley: all else fails. stuart: that's what i prefer. sandra: you liked it, i think that humor is a good tool. sandra: fine i'm outnumbered. stuart: presidential candidate rick santorum on planned parenthood. he says don't give them any tax

dollars, put them out of business, but wait a second what does rick santorum growth, what does he think about that at the center of the campaign? next the opening bell back in a few. 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 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.

>> you see that on the left-hand side of your screen they started to applaud. you've gotten seconds before trading begins. they ring the bell and you've got five seconds before trading actually begins. here we go three, two, one, we're trading and we're expecting what, a modest loss on the big board? we're up 2, 3, 4, 5 oh it's a horse race ladies and gentlemen. here we go, but we've stalled. ashley: now we're down 12. stuart: will you please take a look at netflix? i think we've got a quote for you off the get-go. netflix is down 36 cents at 111 still pretty close to the all-time high 117. come in ashley sandra smith, scott shellady in chicago, todd, we start with you. you think that netflix is overpriced, you say sell it?

>> netflix is the jds uniphase of the '90s. i think that netflix is great, i use it. no way at 200 p.e. ratio, don't make enough money. other people can go after the con at the point in time other vendors are going for the money. eventually i think that netflix has a good company, but 25 or $30 a share. stuart: coming all the way down to 25 $30 a share? >> where is jds uniphase? >> that's a different story. that's a dot-com bubble of 1990-- >> this is a dot-com bubble. >> you've got to look at google. its youtube unit hired a mtv executive to make a push into original programming.

i'm not sure that that move affects the stock price because it's a big company. but sandra this is interesting. because they are moving into streaming original content maybe, look what they've done with mtv. sandra: original programming is key. this shows that they're taking it seriously. her name is suzanne daniels, programming for mtv. so she's going over to help out youtube with this original programming. good move for google google is a master at always showing that they're involved in every aspect of business. that they've got-- they're on it. whether or not that's going to develop into a huge thing for them we'll see, but a strategic hire. stuart: youtube original programs, made by them for them. sandra: think about the demographic. it's a youthful demographic and hiring an executive from mtv, she's got her finger on the pulse. stuart: talking and looking at this that's a competition for netflix, don't say it.

and checking this now, look at the price of oil. it's now $49 a barrel. that's down 12 maybe $13 since june. scott shellady come on in. you know what we talk about. i think that oil is going to go down some more and i think that we're going to see a real break in the price of gasoline. are you going to give me a fight on this? >> not at all. i think that the rhetoric they've used has sort of plunged. we're not going to have a plunge, but we'll grind down and make new recent lows between 40 and 45 a barrel because of a few things number one. china we've gone from 12% to 6%, i think the more like 3% in china and that's the growth rate. we have good production here and the saudies are going to keep pumping and iran is back on-line. where is the good news in that story ultimately we slowly grind lower. stuart: i'm pleased to hear that, todd i would think of

you as a chicago guy, do you agree with the price of oil and gas. >> i don't think that oil is going down i think it's going to stabilize, we're not seeing the lower prices at the pump which indicates to me there's been a little manipulation of holding here. i don't see an oversupply here. sandra: manipulation by whom? >> by the oil companies and gas companies. sandra: really, really? oh man, really? you went there? >> that big oil is in the markets. >> why is gas-- why is crude oil down 150% and my gas is down 20%? >> a refinery problem. >> i can buy that. sandra: yeah the stuff has to be refined into gasoline. oil doesn't come down gasoline doesn't go down with it. it's a lot more at work. >> and into the pump out of the ground? connell: the connell:. >> supply and demand is at work here, nothing else. stuart: i've got to summarize,

i think that gas will be down to $2.50 by labor day. can we agree on that? look at the price of gold morgan stanley thinks it's going to go down to $800 an unce. sandra didn't you used to trade gold? >> yeah looking at gold prices here, todd is ready to disagree with me here. five and a half year low for gold. here is what i'm watching once gold falls to $1,000 an ounce, you and i know that traders like the psychological numbers. you see gold drop below there, all sorts of stuff will happen as far as technology and trading and-- >> who is supporting it? >> if you think that everything, you look at extra strong dollar which is part of the reason keeping the markets down. i'm not saying we're not going down, but i think we'll see a bigger bounce.

if sandra is right, we break a thousand, i think we'll go to 900. i don't think that it will be there and they're the same ones that said oil is $20-- >> an and a lot of people bought the gold coins for the kids and grandkids forest state planning. they want to know up or down. >> it looks like it's going done now. stuart: a big name you know it, mcdonald's. nicole, what's going on with the stock? >> i know it and love going there. and the stock is up 1%. the profit and revenue which split fell less than expected and in fact the best slowness that we've seen in four quarters. that being said going forward they continue to expect growth and they're going to continue to work on the menu and customer service and the like. so it's a positive rhetoric to the going forward part. when i talked to some of the traders, they've noticed some

of the rotation out of the health care stocks in the last couple of weeks, food dining casual dining. stuart: i haven't invested in a restaurant stock since i lost my thirtshirt on boston market. >> you did not. stuart: people's express, airline, lost on that one, too. sandra: and now microsoft. you know stuart do you give stock advice? what's the next one you're going to jump out of? >> i gave up. okay. let's move on. health care i've got to tell you about it anthem close to buying the big rival cigna. it's a huge deal. $48 about that level. if this deal goes through, there will be only three big health care players left in the game. ashley, that's consolidation. ashley: because they're in

consolidation with doctors and hospitals and this is a result of obamacare. what does it mean for the consumer? not good news. the less choice you have the less deal on insurance. stuart: three health insurers is an oligopoly. >> it's taking down competition and it's screwing the customer. stuart: we need the competition to keep the prices down. what's the news in that? >> next the minimum wage fight, the fight for $15 per hour gaining traction and now a special panel recommended that new york state, not new york city the state, the whole state, give fast food workers $15 an hour. sandra in seattle, that's fewer

jobs and less hours? >> yes, on mornings with maria, we had the owner of four burger king chains in westchester county on and he says it's going to kill him. as a result i'm going to have to automate everything and put machines in my restaurant and nobody any longer saying you want fries with that. you'll swipe your card in the machine. >> think about it the average mcdonald's and burger king $250,000 a year they have to make more to stay in business and tell me who can make that kind of extra money to get it right. it doesn't make sense. stuart: one interesting fallout employees certainly in seattle or other areas, $15, they're begging for less hours because it affects their benefits.

>> i don't know how they've defined it. >> 50 or more stores across the country. stuart: 50 or more stores choose the country. so it's the chains. >> yes. stuart: they're levelling their guns right at mcdonald's and wendy's and burger king just as the unions of demanding, satisfies what they're doing, they're kowtowing to the unions. >> where are we going? we're going to automate and already got lousy jobs to begin with. they're take them away with machine automated checkouts and people taking your orders. >> think my position is this they don't care how many jobs are lost they care about the number of votes that they're going to buy for people who think they'll get a wage increase because of what they're doing. >> because we've got a large voting populous out there, that's not educated on the topics, a lot of the topics you're right. i have a firsthand experience, i went to fargo north dakota and when i checked into the nicest hotel, there was nobody

to check us in. there was a kiosk for me to put my credit card in. nobody there. so those people have been taken out of jobs and not coming back. there you go that's going to happen everywhere. sandra: a good correction that applies to restaurant chains with 30 or more. stuart: anthony weiner remember the former congress involving in a sexting scandal, four years ago, he landed a job he'll fix pr messes. ashley: i love this story. stuart: he qualifies. ashley: and if somebody knows how to torpedo his political career with with sexting and one of the companies ballpark franks can't make it up. sandra: working stiff. stuart: okay now i really have to move. check out the big board, we're

11 1/2 minutes into the trading session and 18 sorry, 17-8 is where we are. all-time high under amour, look at jordan spieth 95 on under amour. starbucks got a deal tied in with a competitor. a trolley car is out of control and planned parenthood officials discussing selling body parts. many are calling to defund it flat-out, defund it. a fks news radio opinion guy talks with me on that next. >> as long as we've got the fight to protect for a woman to make her own choices about her own health. you've got a president right there with you fighting every step of the way. thank you, planned parenthood, god bless you.

everyone loves the picture i posted of you. at&t reminds you it can wait.

>> fbi director says that isis is a bigger threat than al qaeda. isis has been on social media and urging them to kill in their own communities, that's here. and a trolley in charlotte, north carolina slammed into an suv rolling down the hill. keep watching. officials say the cause of the crash was operator error. the man forgot to flip the switch ap they froze it there as it's about to bang into the suv. that's all you can see. a fox news poll released this morning shows 47% think the obama administration has made the economy worse. more on this. ashley: indeed that's up from 44% two years ago and those who say it's getting better has slipped down to 42%ment and how

satisfied are you with the way things are going in the country? 58% say they're not happy at all. that's almost one in six, yeah nearly six in ten remain dissatisfied with the direction of this country. that's up from 56% so these numbers are hitting in the opposite direction. >> they're going the opposite way from what president obama would like. >> that's exactly right. stuart: that's a passing judgment on seven years of his term. that's a negative judgment. ashley: that's a negative judgment, yeah dissatisfaction going higher. stuart: we heard it this morning. planned parenthood under attack for selling fetal tissue. a secret video exposed the story and fox news radio's top stars join us now. you're saying flat-out defund? >> that's right, if they want to run a human chop shop with human body parts need to do it on their dime not mine.

500 billion-- >> million. >> 500 million, half a billion, they're spending and we don't know what the money is going for, but we know that they're doing horrific horrific things harvesting body parts from their killing fields. stuart: we saw it however, the left comes back and says that planned parenthood does it lot of good things for women's health. cancer tests, how do you-- >> why give a flying rip what they're saying they're not doing a good job taking care of female babies aborted what about those females? this is simply simply outrageous, this is a moral issue and the country has to stand up and address it. >> i don't think it's part of the abortion debate. i think it's a flat-out moral issue where have we come to in this society that allows people to do that kind of thing? >> stuart we are a country adrift without a moral compass. and what is encouraging to me is the outrage we are seeing

here from all parts of the country. republicans and democrats, and especially millennials who are becoming pro-life because they have seen what abortion has done to their generation. stuart: now, you also say that this is a golden opportunity for the general-- for the g.o.p. the republicans to come in and just defund this thing. what are you going to say if they can't or don't do it? >> well i do happen to be a registered republican and i can tell you this i will not be a registered republican if they drop the ball on this. congresswoman diane black introduced legislation, the defund planned parenthood act. and i called for them yesterday and speaker boehner and mitch mcconnell to step up to the plate and do the right thing here. stuart: i see your point, todd but you're dragging the republicans into the whole social issue and dragging them away from what i think is as important, and that is economic growth, prosperity.

i think you're taking the party in a different-- a single issue direction. >> i disagree because if they have been murdered have a back bohn and defund. >> i'm with you, an issue, it's a statement of how we are in america today, but i want -- i really want to win this forth coming election and i'm not so sure i can win on a single issue. >> at what price do we want to win? because if the republicans can't stand up for a baby whose body parts are being sold off at auction, then how in god's name can they govern the country. stuart: i see your point, but i do want to win. are you convinced that you can win with a single issue as your front-running issue? >> i think this issue they can win. again, they've got to stand up and do the right thing here.

a lot of people are very concerned because again, the republicans are in control and pro-life is part of their party platform, they've got to do the right thing. stuart: todd we hear you and expressed a direct opinion. good luck. rick santorum is going to join me on the set. you're going to bet you'll want to hear what they say about planned parenthood. on the set in new york he's a candidate. and a hundred senior cancer doctors are outraged over drug costs. they say the big drug companies are putting lives on the line. more varney in a moment.

when kevin jorgeson needs light, he trusts only duracell quantum because it lasts longer in 99% of devices.

i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs.

to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see. so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket

medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. >> oh, please here we go again. the europeans punishing the success of others. the european union has filed anti-trust charges against the big hollywood studios. they're accusing them of unfairly reinstructing customers' access to content within the european union. hold on a sec. i consider myself a recovering european. they don't have anywhere near the innovation that we have here in the states they go out and punish success instead. am i right? >> you are right. what this is to do is like sky tv in the u.k. like comcast here. i go to spain, i'm a subscriber

of sky, i can't because i'm out of the u.k. they call it geoblocking and regulators love to jump many over it. stuart: and they go after innovation of somebody else. >> this is' money in it you can tax it. stuart: one of these days i want to know what innovation they came up with in the last generation. ashley: long search. stuart: doctors at the top cancer hospitals have challenged the soaring price of cancer drugs. they are he a calling for regulation to control the prices. bristol-myers have drugs for melanoma, skin cancer, it's effective and one year of treatment $295,000? is that a valid number? 295? >> listen these companies spend billions r & d developing the drugs and takes years it's a huge effort, but the numbers are going up fast.

111 11.6%, the ongoing rate of cancer drugs. and their public sector ramifications medicare costs going up 9% per year over the next ten years largely because of the cost of drugs and i asked you, i thought obamacare was bending the cost curve in health care. stuart: well one thing you've missed out here is the cost of litigation. every new drug that comes on the market from any drug manufacturer, they go to court, they'll sue them for whatever. >> absolutely. bernie sanders saying we should break the patents. that's what he wants to do. he wants the break the patents. stuart: billions, try to create a patent in the first place. >> you get nothing out of the private sector. stuart: thank you very much as usual. next hour the disturbing videos from planned parenthood and officials are discussing the sale of body parts, you've seen it. rick santorum wants it defunded. hour two of "varney & company," two minutes away.

she spoke to the crowd and joins us later this hour. here is the $42 billion man, mark zuckerberg the 9th richest person in the world. i say that's a problem from the left. more on that in my take shortly. and a real estate law firm a hiring, but if you're an ivy league grad look elsewhere. hour two starts now. ♪ breaking right now, mortgage rate news. freddie mac, the 30-year average rate is 404, that's the 30 year fixed rate average.

more in just a moment. to iran. john kerry defending the nuke deal. he'll face some tough questions. and we're keeping a close eye on it and we'll bring you the fireworks if and when they happen. i want to get to planned parenthood. undercover videos revealing top executive discussing the harvesting and selling of fetal body parts. joining us now, republican presidential candidate rick santorum. welcome to the program, good to have you with us. >> good to be back. stuart: you're pounding the table on this. you want to defund it flat-out. >> they're breaking the law, selling fetal body parts and doing partial birth abortions which is a bill i sponsored and got through. they're breaking the law and someone who is breaking the law should not receive federal funds to do so. stuart: if you're building your campaign around this social issues i'll put it like that. if you're building around that you're pulling the campaign away from the other issue, which is the economy and

growth. can you win-- >> i'm not pulling my campaign around it, but we've got a video out there that's getting huge attention and we can't ignore it. i mean the reality is that this shows the extremism of what's happening. the dehumanization that is occurring, that people on both sides of the abortion issue, frankly are very disturbed about and we can't just sit on the sidelines and say, well because the politics are a little dicey, we need to walk away from this. that's what my colleagues are doing and i'm just saying that that is cowardice and we need to stand up for the law and stop funding people who break the low. stuart: i've known you for years. this is the central part of rick santorum. >> a good friend would be a good part of rick santorum is standing up against iran and rick santorum is about

restoring manufacturing jobs to the country and when i announced for president i did so from a factory floor in western pennsylvania. i'm not a one-trick pony. the media wants to put hee in a one-trick pony, but i'm not. i've served in the congress for 16 years and a long list of accomplishments from welfare reform, iran sanctions, to syrian sanctions, health savings account and if you have a health savings account card you're welcome. and one-trick pony because you have a video showing people selling body parts and call it to my party's attention, doesn't make me a social issue candidate. stuart: i don't think you care about winning and losing. >> i care about doing the right thing. stuart: this is a-- >> i care about doing the right thing. you want to talk about a moral issue, iran getting a nuclear weapon is maybe the greatest moral issue of our time it could be the end of western civilization, the end of the state of israel. you want a real moral issue, the fact that the president of

the united states gave iran the ability to go out and spread terrorism by releasing sanctions, put them on a path to a nuclear weapon removed sanctions on conventional weapons. we have put this country, the world in the greatest jeopardy that we've seen since prior to world war ii. stuart: that's people want in a candidate i want to see people pounding the table and speaking with passion and fire. >> on all issues. all issues. stuart: that's you. >> all right. [laughter] >> what about donald trump? >> well, he speaks directly to the issues doesn't he? >> well don does speak directly to the issues. i think you'll wait and see on the details of how he's speaking on some of these issues. immigration is a good example. he's highlighted one particular aspect of immigration and i think if you look at the overall picture, i think we have a much stronger position on that that's going to connect with the american people than what donald trump's position is, but they will be fleshed

out as we get some of the heat into some light as to what the actual positions of candidates are. stuart: would you remember he not be in the race? >> i like donald trump, known him for a few years, and i said this four years ago, everybody should run for president. -- >> except me. >> i'm not sure you're allowed to run for president. stuart: i'm not. >> it's a ez making experience to get to know this country in a way you just don't get any other way and so i'm-- we have 16 people in and that's probably enough. but you know if anybody else wants to get in the water is warm. stuart: rick santorum a pleasure to have you back on the program. don't be such a stranger. >> i'm looking forward to being back. stuart: thank you. check the dow jones industrial average. it's lower and i'm saying again it's in a narrow trading range. it's in the calendar year right now. break even 48 points lower,

17.8 is where we are. here is where the news is in my humble opinion. up to 49 a barrel for the price of oil. that means we're below 50. we should get a break at the gas pump. it's coming believe me. the price of gold we're around $1,098 an ounce. morgan stanley says it's going down to $800 an ounce, not today. it's going up $5. morgan stanley says wait for it, $800. and under amour, of course they sponsor jordan spieth the great golfer. they're 96 on underrm aer. and starbucks, that too, all time high moments ago. now this conservatives, whoa i couldn't believe this they took to the streets by the thousands in times square yesterday to protest the iran nuke deal. i'm going to say that's

unprecedented. how many times have you ever seen the right take to the street by the thousands in new york city? come on in the democratic donor and fundraiser member of the american israel public affairs committee, harley welcome to the program. >> thank you for having me. stuart: you're a democrat a democrat and you support what was going on last night. >> absolutely. stuart: you don't like this nuke deal? >> absolutely not. stuart: are you going to give to democrats who say, yeah let's have the deal? >> we want to give to democrats who recognize that this is a very bad deal for the world. i've never been more frightened in my entire life than i am right now, actually. it's a very very scary-- >> that's a strong thing to say. >> it really is. stuart: you think that iran gets the bomb no matter what? >> well the road map is that in ten years they could have it legally. even if they don't cheat they could have the bomb and the problem is why do they have enriched uranium?

they don't need enriched uranium. they want to have nuclear energy like mexico and canada have nuclear energy they don't have enriched uranium or centrifuges. stuart: how are you going to defend the democrat's position in congress? we have a headline i think in the wall street journal more democrats are rallying behind this deal. you're a democrat you provide money to the democrats, what are you going to do about this? >> well we're going to try to make sure that all the democratic senators and congressman understand this is terrible for the united states. stuart: come on have you been on the phone? >> i have-- >> there's no money for you, saying something like that. >> something like that. a little more diplomatic. stuart: so there's a litmus test among democrats. >> this is. stuart: they get no money if they vote for this deal. >> what democrats oppose the deal that you found so far? >> well i think that people are very worried about this deal. >> do you know any democrats

opposed to the deal? >> there are democrats against the deal. menendez is against the deal as i think you know. stuart: how about senator schumer? >> that's the big question. >> he hasn't said. stuart: have you had a conversation? >> i've had many conversations with him. stuart: recently? >> yes. stuart: about the nuke deal? >> yes. stuart: may i ask what he says? >> he says it's troubling. he's looking at it very carefully and he's going to decide soon. stuart: and you said? >> and i told him, i said this is terrible. i said just think of winners, who are the winners, the iranian government that's going to be infused with billions of dollars and they're going to fund the assad regime shia insurgents in iraq the houthi in yemen and cause all of this tremendous havoc in the world and they're going to appear to be supreme and i think the problem is that when you look the a the world, there are 1.3 billion muslims. of that 85% are sunni. and iranians are shia.

so, i'm a big believer in unintended consequences and so i have a somewhat optimistic view here, this may forge an alliance between israel and some of the sunni world. i wouldn't be surprised israel and saudi arabia with diplomatic relations-- >> in the last one 2012 over proportion of the vote went with the democrat. >> and hillary clinton, will she get 70 mers o70%? >> i think a-- >> come on will she get the same proportion of the jewish vote that went to the democrats in 2012? >> if hillary clinton could assure the jewish community to per commitment to israel and opposition of this deal i think she'll get a larger percentage

of the jewish vote. stuart: if she doesn't? >> i think it will be a problem. stuart: 50%? 40%? >> no one knows, but it will be less. maybe 60%. ashley: there you go. [laughter] . stuart: an install smaller proportion of the jewish vote will go to the democrat candidate if they don't divorce from this deal. you're with me on this? >> i'm with you on this. stuart: it's a vital point. >> it's a critical critical test. stuart: thank you for joining us us. stuart: i'm sorry for being so hard, but-- >> you have license. stuart: and now the headlines, we're watching them all for you. lauren simonetti, you have them all? >> hi, the approval rating for pope francis, guess what fell to 59% down sharply from 76% last year according to gallup. it might have to do with the pope's views on capitalism

climate change and income inequality. caught on camera, a fire breaks out on one of the world's largest cruise ships. you can see that smoke billowing out of the top of the ship there. the freedom of the seas while it was pulling into a part in jamaica. a fire broke out in a mechanical place, and a crew member suffered some burns. no passengers were injured and cause is under investigation. guess what? a lion is on the loose in milwaukee. check out that big cat right there. it's a little blurry, but you can kind of see it. police are clearly on the lookout. residents are on edge. and this is where it gets interesting. zoo officials in the area say all of their lions are accounted for. yet, the reports are coming in that lions are on the loose. stuart: it's a clear picture of the thing. all right. thank you very much. that was interesting. thank you very much. >> sure. stuart: tune in every morning 5:00 eastern time. lauren, sandra nicole we'll be there for you at 5 a.m.

got to watch that. the irs scandal deepens. the government accountability office says the irs did certain groups with quote, examination in an unfair manner. they did it said the gao. didn't president obama say that did not happen? and a lawyer looking for bright young candidates for ivy league grads need not apply. now there's a story. you are looking at two airplane fuel gauges. can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right just used 1% less fuel than the one on the left. now, to an airline a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same

have never been more different. ge software. get connected. get insights. get optimized. hi. hi. hi. hello. hi. hi. hi. hi my name's josh. kelly. my name is raph. steve. my name is anne. tom.

brian. krystal. and i am definitely not a robot. i'm one of the real live attorneys you can talk to through legalzoom. whether it's for your business or your personal life, don't let unanswered legal questions hold you up. because we're here. we're here we're here and we've got your back. legalzoom. legal help is here. the mercedes-benz summer event is here. now get the unmistakable thrill... and the incredible rush of the mercedes-benz you've always wanted. but you better get here fast... yay, daddy's here! here you go, honey. thank you. ...because a good thing like this won't last forever. see your authorized dealer for an incredible offer on the exhilarating c300 sport sedan. but hurry, offers end soon. share your summer moments in your mercedes-benz with us.

>> all right. news alert. donald trump's trip to the u.s.-mexico border -- that stock is a four-year low, why it's on the screen. trump's trip to the border the union representing the border police, they will not attend donald trump's appearance at the border. ashley: they were supposed to host this event down in laredo texas we're not going to do it. after careful consideration of the factors involved in this

event and communicating with members of the national counsel we're pulling out of all events and emphasize we do not endorse candidates for political office. they didn't want to touch it e i wonder if people would put pressure on them. they do work for the government. ashley: they do, indeed. stuart: there you go. i want to bring in a complex story and want to get to the gist of it here. that's lois lerner here. there's a story here about the general accounting office they apparently say that, yes, indeed, the irs did pick on people because of their personal beliefs. that will be a direct contradiction to what barack obama said. so we've got the gao saying yeah, they did it they went after people for personal beliefs. liz, you follow this much more closely is that accurate? liz: it's the government accountability office saying that the irs is prone to basically they are prone to picking on people for their

personal, political, religious beliefs. so this is unusual for the gao and they usually are right down the middle and found in the audits that they looked at this is nonprofit audits that they found no documentation why they were started in the first place and that the irs auditors were not following criteria in the manual and found that one out of five of the audits stuart, which came from referrals which mean from people like members of congress, congressmen had pressured, this is what launched the targeted scandal and they had pressured the irs to crackdown on nonprofits that had differing political views and they're worried about the citizen's united decision with a flood of money coming into the political system. stuart: there's more evidence from the gao saying that the government machinery, machinery of government was used to-- >> can be used. can be used.

>> okay they say the gao says it can be used -- i'm going to say it was used. ashley: semantics. stuart: to influence the presidential election of 2012 that's the story liz: that's the story and watch this, the individual who put in place secret monitoring of nonprofit websites social media accounts and blogs was lois lerner. so, that's another revelation out of the new gao report. the hearing is underway in congress right now. the commissioner taking questions and we have a big story on the fox business network that lays it out. stuart: well done liz. it's a big story liz: sure. stuart: in the next hour becky garrettson, the president of the watonka tea party, we'll see what she has to say about the latest developments. now this an attorney and founding partner of a real estate law firm has made it clear, you want to become the best real estate law firm in

new york do not hire an ivy league grad. joining us now, the guy saying if you went to an ivy league school, you can't work for me is that what you're saying? >> yes and no. stuart: oh come on. >> the ivy league school and classes aren't interested in coming to me to be blunt. if you go to an ivy lead school, you've never heard of us and not applying to us. but what we won't hire. let's say it's yale. it doesn't have a grading system. how can i say that somebody had a score that was high or a family connection based on an interview, i hope they learned a lot and are smart? i need competition, i need a school that makes them compete, that has a curve in their grading. stuart: wait a second do you think that ivy league grads, largely, maybe not the top of the class person, but generally speaking you think that the ooh

ivy league grad has an entitlement mentality or noncompetitive mentality? >> i don't know, why would you fight to learn a lot if you have a job in a big firm anyway? you don't need to work hard. for me the no name firm being in new york city which many think we are, we need the best and we need killer and-- >> that's the point. you're right, you need killers, people who want to climb up the food chain no matter what. >> right. stuart: you don't want anybody at the top of the food chain and relax, you want the up and comers. >> i guess to test that. in law school the second and third tiered schools are hoping at the top of the class and maybe they'll get a job and they come to my firm we have five to seven interns in the summer and fighting to be the best of that group and the bestof that gets a job. so i know i'm hiring by the

time they get a job in our firm i know they've been tested twice. stuart: i went to the london school of economics. that's not ivy league. >> converted here that would be ivy league. if you were in the top of your class and they had a grading system and actually graded you and we could see your steps, again, we still probably wouldn't hire you because you don't have an american law background. stuart: that's very true. [laughter]. you hire somebody an up and comer err striver. >> we want middle class-- i think you're stronger middle class support, you're going to have a work ethic, nothing is getting in your way. stuart: you're a real measured american. >> that's what we have in new york, meritocracy. we have to we're taking 50% of all the money we make for taxes anyway. >> don't you love this guy you want to come back anytime? thank you very much indeed

sir. we like that. facebook's mark zuckerberg talk about a striver, 9th richest man in the world. i'm calling him the less inconvenient billionaire. my take is next. 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. ahh, you're good. i like to bake. with at&t get up to $400 dollars in total savings on tools to manage your business.

♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the scenes footage all of taylor swift's music videos interviews, and more. xfinity is the destination for all things taylor swift.

>> 31-year-old mark zuckerberg is now the 9th richest man in the world. he's worth almost $43 billion. he's the founder of facebook the big run-up in that stock has increased wealth by about 20 billion in the last year. what would bernie sanders make of this? he's based his campaign on the white house by bashing billionaires and rails against the billionaire's club that he says controls elections and cheats american workers. actually, it is the left which

has a billionaire problem. the newest members of the billionaire's club made their money mostly in technology and it absolutely loves technology and love it. hard to hate the people who wired your life greg is the left's inconvenient billionaire. they want to go after him but he know he is a prime example of american ingenuity innovation

and drive. tough to whip up a campaign of hatred against at. . 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?

stuart: japanese financial newspaper nikkei buying the financial times. look at that price $1.2 billion for the newspaper. look at the dow jones industrial average still lower, about break-even point for the entire calendar year down 16. that is all we have got, price of oil staying low $50 a barrel, price of gasoline is beginning to move down $2 anthony $0.04 per gallon national average. look at california. lived there in the average price for regular is $3.85 more than a dollar above the national average. donald trump is going to head to the border today. monica crowley is with us long

time no see. where have you been? what do you think of donald trump? sucking all the oxygen out of the republican campaign. >> i find him interesting and i think overall he is a good force for is this race because he is energizing the conservative base he is tapping into something very important out there and the other candidates i don't know if donald trump will be the nominee or not but i think successful candidates will identify what he is tapping into and why he is succeeding. number one, a heat is the subject of everything he is doing its thing we the american people are not the enemy. for the last decade or so if you oppose a leftist agenda you were a racist sexist, homophobic, islamophobia bigot the american people should stop making as the enemy. that is what donald trump is talking about and why he has a huge resonance. he doesn't apologize. stuart: the audience is with

few. i think the audience is against me. i have gone out and said i don't think that the language donald trump uses as any place in the presidential election campaign. i don't want to see a man who uses language like that in the white house. >> i will say at this early point the brash tactics the outspokenness, would you call inappropriate language is resonating because many americans see the window of opportunity to save this country is closing really fast. we don't have time for diplomatic niceties or to talk in politically correct language. we want someone who will tell the like it is. stuart: he has 2-1 negatives, very difficult to win a presidential campaign -- >> the other candidates if they're smart will pay attention to what he is talking about in terms of immigration, trade, taking on the mainstream media taking on the establishment but in a less brash way.

stuart: got to bring up the times square demonstration last night in times square new york city thousands of conservatives. certainly right of center beagle look at this time to the streets last night this is in new york city protecting the iran nuclear deal. you were if there, you were one of the speakers. go through it with me tell me what happened. matt >> i was surprised. the rally started at 5:30. i expect a couple hundred people. i was incredibly impressed seeing thousands of joy people in times square and they were not all conservatives. one of my fellow speakers was alan dershowitz a registered democrat and a liberal but on this issue he was very strong against iran. every time i mentioned stopping the deal, stopping iran every time i called out senator chuck schumer who is the linchpin in the senate on this deal i got huge shears, also called out the president obviously but i spoke

about the future, who might be implementing this deal hillary rodham clinton and asked whose shy is she on, she expressed support for this deal. all these politicians need to hear from us. i was heartened to see the belly of the liberal beast n.y. city, thousands of people coming out saying stop the deal. stuart: we are very much in that area. i can't remember the last time in new york city when thousands of people came out. >> the original tea party movement on april 15th, 2009 before the tea party was the tea party, had the original tea party movement start in new york city. i spoke at that as well, thousands of people. >> regular new york respond to the iran protest last night? >> i thought people moving in and out of time square the nypd was fantastic, great security for this but they were cheering us on. couple were annoyed we were

clogging up their commutes but there were a lot of supportive people who may have stumbled on the rally and gave us a thumbs up. i was a speaker. >> bill deblasio stopped you from letting the word get out all over this city? >> the original a regionally wanted different location where they could block the whole street so the message could carry over the sound system for blocks and bill deblasio said you can do it in times webinar won't stop the traffic. i had to really yelling to the microphone of the cabs and buses. >> total was all the way to tehran. stuart: do not be such a stranger. >> thank you so much. stuart: another rally going and tell us what happened. thank you very much indeed. let me turn to the dow jones industrial average. this is a flat day, we are down 17 points that is all we have

got. now is is. major u.s. movie studios have been hit by european antitrust charges for unfairly restricting content. six u.s. city is named in the investigation at disney and nbc universal paramount, sony, warner brothers, and fox. 20th centuries a subsidiary of 21st century fox. what is going on? >> all about being regulated. the fact that if i am in spain and subscribe to sky tv in the u.k. i cannot access online movies and face a that is illegal under e.u. rules because there shouldn't be crossed border competition. >> they want one digital landscape one tv viewing environment over there. stuart: to you think they could come up with their own innovative streaming? >> his angry about this is hollywood actors musicians, all of them have copyrights,

royalties, they have contracts with this. they are not going to get the content deals. these -- each country -- company within those borders associating those deals so it is another pushback on people who make the content and they will get angry about what is going on in the e.u.. >> this operate so well. it regulates, the rest of the world which does innovate find itself regulated and him and in by europe which doesn't in of a. it is ridiculous. >> i don't see apple are microsoft coming out. >> socialism failed. am i right? >> absolutely wright. stuart: well said. i am going to get back to mortgage rates. freddie mac's 30 year average, 4.04% down just a tiny fraction from last week. joining as now, what do you make

of this. we had a gentleman on our program last week when the mortgage rate was at 4 prison saying get out and reach 5 no matter what because rates are going to go up a lot in the future and use a what? >> home prices will continue to rise, three reasons. first there's pent-up demand for seven years people are staying on the sidelines we didn't have access or were unemployed. everyone of us knows somebody with an 18 to 34-year-old living with them looking to get back in the housing market. the second reason is the man is not going to be met by supply today the master plan developers and home builders are not focused on volume. they looking to reinvest their projects with great amenities that will revolutionize the lifestyle. if you ask me it is a great time to be buying homebuilder stocks like lennar, joel brothers horton and i have great expectations for strong household disposable income

growth combined with the fact the we will have strong household formation and interest rates are not going to go up any time soon. a perfect combination for strong economic and property market funds. stuart: you talking your own book because you were heavily involved in the real-estate industry you are selling houses, are you? >> we are in the process of providing world-class amenity. bernard: one 9 interested in your whole point that housing pricess will continue to rise because supply coming along is relatively limited. of fair point to make, but what do you make about this only 1-third of mortgages are going to first-time home buyers 32%, used to be 40%, now it is 32%. a key category is not in the market they were in the market. >> absolutely right. the thing to focus on for the next few months is to see how successful the new program by

fannie mae and freddie mac is that a relaunch allowing people to put down only 3% and get a mortgage but the housing -- federal housing administration is allowing people to insure loans with only 3.5% down if they have specific credit scores or something like 580 or above. hopefully we'll see more people getting access to mortgages and i think the picture is for the home building community. stuart: thanks for joining us. interesting point of view and appreciate you being here. thanks a lot. time pretty sector report, i have big names and you know them dow stocks are the biggest drags on the dow right now. that would be american express caterpillar, four year low on caterpillar, walt disney, they are down today, dragging the dow little bit lower. two big medical stories coming up for you. more than one hundred of top doctors calling for new regulation to make cancer drugs more affordable.

this might sound like something out of a comic book almost. scientists studying people with genetic mutations to find cures for rare diseases. dr. siegel has rare details, fascinating stuff after this. 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 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. nicole: i am nicole petallides, dow jones industrial average down and king points going over the unchanged line for 2015

positive, negative territory, positive, isn't he 500 up one point, nasdaq up 90 points to the lowest level since 1973 could be the fed will raise rates to december american express, the downside on the dow waning, strong dollar and their armor new all-time high doing great with apparel and footwear as a possible deal keeping an eye on that list wall street journal reporting a possible deal and on fox business at 5:00 a.m. great show, happy to be on it. lauren simonetti, thank you.

stuart: more than 100 cancer doctors around the country are outraged at the soaring prices of cancer drugs. they want regulation to bring the prices down, good the $150,000 per patient per year for some drug treatments for cancer. dr. siegel is with us. joel ghana seconded. >> 50 or more. of the one we brought the case of the melanoma treatment which was $275000 per year. did the doctors have a point?

is it right that we should regulate these drug prices? >> regulate is a nasty word but doctors are right. drug companies develop a new drug, $1 billion or more. they say if you want immune therapy, a state of the arts of genetic therapy you have to pay for it but the problem is european nations paid to the drug companies you want us to take your drug we are only paying a lower price. canada lower price the united states develops these drugs and other countries album jeepers the doctors have a point. we can't do that. that is not fair. where is the full disclosure? drug companies exactly say what the cost is of making a drug the we can see it. i believe this is a legitimate point, john mccain's point medicare should be allowed to negotiate prices. why can't medicare negotiate and to bring a big block of patients? medicare should say i will bring you 50,000 people with cancer but you got to give me this

price. stuart: you did all of that and drug companies charge a lower price to people for cancer in the united states, they did that would you still have the innovation? you still got to pay r&d which is -- what happens when the lawyers are done? >> drug companies say no but i stay there is another solution. extend the patent law. a new drug to be expensive. bernie sanders wants to do is at the won't have innovation of the drug company cannot patent something and keep the seven years or whenever the time frame is then you don't get innovation. stuart: we have to compromise somewhere. we are getting great drugs people can't afford, you have to be rich to avoid this treatment you got to get a compromise. i like medicare being able to negotiate. dagen: medicaid negotiate lower prices. >> that jack up the price.

stuart: is the lawyers, you won't listen to me i keep telling you. great story here about doctors and scientists studying people with genetic mutations. for example someone who feels no pain at all. there is a man who feels no pain whatsoever and they are studying him to see if they can come up with a pills so the rest of us can feel no pain. dagen: he is sitting right here ashley webster. stuart: this is serious. >> it is called congenital in sensitivity to pain, has joy with the human genome. this is lacking a certain gene that gives the rest of us payne. guess what we can do? we can work on therapies they are working on therapies that allow us to recapitulate that process so that the rest of us not all of us someone in terrible pain could take a pill,

the pain decreases. also there is another gene out there as it gives one guy thicker bones. i call him bone man, the new superhero from marvel. for someone with osteoporosis who has thin bones easy bone fractures, this would be terrific. it is about to come out the lowest cholesterol using genetic manipulations. this is state of the art, this is the future of medicine looking at what problems what treatments, very expensive. stuart: how far away is the pills so that stuart varney feels no pain on any occasion? >> a long way off. that is you in particular. give no pain to liz but you have to -- stuart: agree with you about the cancer drugs. jeff flock is at all boarded up

mcdonald's. what went wrong? jeff flock next. we live in a world of mobile technology, but it is not the device that is mobile it is you.

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. 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.

ashley: looking at shares of mcdonald's up 1/2% at $97.90. the new ceo has big plans to

turn around the company but are they doing the trick? jeff flock in chicago. jeff: earnings better is than they thought that this is more emblematic of what is going on with mcdonald's. this is known as the sky way mcdonald's. maybe dave shows you the chicago skyway bridge where people would come and oftentimes use the bathroom and apparently using the bathroom more than buying at mcdonald's, their sales $1.3 million on the year the average mcdonald's does $2.5 million so it just wasn't working out with them and they closed up. look at what some franchisees' are saying because they're setting did to get restless. look at what some said in a recent survey. corporate has no answers. they are throwing ideas at the wall hoping something will stick. there's nothing on the menu that excites customers. ask someone else to was a big mistake when mcdonald's said they would be improving quality.

a perception is confirmed that mcdonald's has poor quality which is not true. earnings calling five minutes. ashley: waiting for them to go to breakfast all day. that may help. appreciate it. a full two hours of "varney and company" now and the books, here are the highlights, more varney two minutes away. stuart: uber is an innovation in the car sharing, ridesharing this is it you're trying to restrict the. wire you doing that? >> it is a $50 billion company. these are not little guys that are just trying to make it in a garage. a big corporation they are not regulated, we don't know who is picking up whom. stuart: you hire somebody -- >> i don't like hiring rich people. strut her middle-class support, you have the work ethic where nothing will get in your way. stuart: a real american you

really are. >> meritocracy. outliving the real thing. everyone loves the picture i posted of you. at&t reminds you it can wait.

stuart: if you are watching "varney and company" you know we are firmly on the side of growth. first-time viewers i will say it again rapid economic growth. 4 or 5% expansion creates jobs income, gold and commodity prosperity. a prosperous society a ladder, the american dream but look where we are right now after six years of a very weak expansion. the fox news poll out today shows 47% say president obama has made the official economy worse. 50% are not satisfied with the way things are going. that is that huge rejection and that huge failure of redistribution. for all these years the president has chosen to take it from this group and give it to

that instead of growing revolt cake for every one. the message from those polls is direct and clear, to win in 2016, go for growth. hillary clinton has laid out her case for obama-like redistribution so here's the opportunity for republicans. go with a positive message of growth and a positive message it is growth gives us a shot at prosperity and it is prosperity that is the glue that binds us all together. ♪ stuart: we will have more on my take a moment. john kerry facing tough questions on capitol hill. i hearing is underway right now over alleged secret side deals with iran and the nuclear program. watch this. >> from my perspective mr.

secretary, i am sorry not unlike that hotel guest the leaves only with a hotel bathrobe on his back i believe you have been fleeced. stuart: the conversation was about secret side deals we are monitoring the situation in capital hill to keep you up to date. now this. thousands of people rallied in times square in the rare for new york city right leaning protest against the iranian nuclear deal and now one more point iran claims it has agreed to cover $2 billion worth of projects with european companies. that was agreed to. bret baier is in washington. $2 billion worth of deals in progress with europeans. hard to turn that back. hard to snapped back the sanctions. i don't think that is going to happen. >> we are getting a good picture

what is going to happen. this train has left the station. the un security council voted unanimously to move forward with the iran deal has negotiated. the e.u. is starting to make its own deals financially and sanctions are being lifted. this is no matter what congress does on its vote a lot of this has already gone out the door. that is the biggest concern on capitol hill. stuart: i don't know if secret side deals exist but there's a report of a side deal between iran and the international atomic energy authority. that would raise out us we the people, our congressional representatives. >> they do exist. the administration conceded they existed yesterday, susan rice saying they have been briefed on those deals waiting on documents. congress hasn't been. frankly deals with some of these

facilities that our military/nuclear facilities, a place where they had multiple explosions detected and this is believed to be a covert place until 2006 in which they were trying to put their nuclear program with their weapons as patient effort. serious stuff. the fact that congress is going to get briefed on it apparently at some point but we will not is interesting. stuart: what about the politics of this? carries an editorial in the washington post john kerry defending the deal, editorial by mitt romney in a competing newspaper saying this deal is a calamity. how are politics shaping out between republicans and probably almost unanimously opposed this? and some democrats who are very much in favor of it? >> the numbers on the democratic side are a little wishy-washy because people have not committed, they want the deal, to get briefed on all the details so a lot of democrats have not committed that there

are democrats who have come out against it, bob menendez, a big leader in that as well as some concerns from chuck schumer from new york and others who have spoken out about questions about this. remember there are a lot of different moving parts here this is like three dimensional chess. you could have a jewish-american community that really feels it is tied to israel feeling is release threatened more under this iran deal than less. and changes the dynamics. stuart: if this deal goes through and it looks to me from my position like a done deal it is going to happen, then the problems occur after president obama has left office. that is when we might find out they are cheating or not cheating that has to deal with this. >> exactly right. we will not know whether this deal works or doesn't work until well after president obama has

left office and by that time a lot of this will be cemented and arguably if iran is cheating it will have been cheating for some time and will have likely enough material to make a bomb. let's not forget also in ten years time they will have no limit on a break out. could get there immediately. under this deal even if it is adhered to. stuart: the big debate, the first republican debate the first week of august, not far away, the iran nuclear deal is going to be a big deal in that debate? >> i think so. i don't want to give too many questions away. they all watched fox business i don't want to tell them too much but i think that iran -- i think this -- there are some gop candidate who have staked out territory that says rip up this deal day one. this statement see what it looks

like when we get there. stuart: flattery is the lifeblood of television. a nice bit of flattery. and may i return the compliment, a special report by bret baier is the best program on television. >> that is good have a good day. stuart: thank you very much. secret deals made with tehran over the nuclear program? john bolton will be here shortly, 11:35. we will question him about those secret deals. check the dow jones average, it is lower but not by much, barely lower down 14 points. the price of oil is intriguing to me because we are now at $48, that could be a big deal for the price of gas eventually. price of gold $1,093 per else. watch out, morgan stanley says it is going down to $800 an ounce. we will see. all-time high set by two companies in particular today under armor sponsors of jordan spieth, the golfer, and

starbucks. which by the way has a deal with lift, a competitor to uber. let's get back to my take. i say we need to get back to prosperity here at home. however according to the latest fox news poll 47% of us think we are worse off now, the president obama made the economy worse in his six years of office so far. ashley is here, cheryl is here. what do you say about that poll, fox news poll? 47%. >> it has been the last couple years, it says here is how viewers feel. what they're saying is we don't feel good about the economy. investments are not doing as well as we want them to do and they blame the president and we are seeing that more month-to-month. this is different polls not just ours, is losing the american public, that is bad for hillary bad for anybody that is

going to -- ashley: people are not satisfied with the direction the country is going that number has gone up from several years now also certainly in the wrong direction. stuart: this is not fox viewers a poll taken across the country randomly called. 6 out of 10 think they're going in the wrong direction. a high number. >> you talked-about if the republicans were smart they would seize on this opportunity to grow the economy calling for 5% growth in the economy. they could seize on the position we are having with cuba. if you look at what is happening in florida so many people are angry that the president has opened up cuba for trade relations companies going down there, wait a minute. marco rubio is smart, he will see that the other republican candidates, so many issues out there is that basically obama has handed to the republicans and they need to grab it.

on a silver platter. stuart: a few hours away now donald trump's trip to the u.s./mexico border. fox business will take you there when it happens. one thing you won't see, local branch of the border patrol, the union there, donald trump's campaign releasing a statement in response that the union will not be there at the border crossing the union, trump's campaign -- just released. it is unfortunate that the local union of border patrol agents received pressure at a national level not to participate and ultimately pulled out of today's events and being silenced and are very unhappy about it as told directly to mr. trump. >> they are on the plane as we speak on their way to texas and they will proceed as planned because in their mind, he is going down there to see for himself and bring the national spotlight which has followed him down to laredo, texas today. ashley: he is invited by this

union. that is the story. >> he is on his way. stuart: the border patrol people are unhappy about what is happening at the border they call on mr. trump, come down and see for yourself and the powers could be we won't have that, can sell it. don't go to the meeting. >> i interviewed rick perry last night. i asked him what do you make of the fact that he's going to your state, to texas to a border that you had such a fight with washington over and he said mr. trump owes them an apology. perry told me he says i want trump to apologize to the border agents. stuart: good luck with a that. should we use saddam hussein's old friends to take out isis? should we do that? iraqi businessman thinks we should be doing that. and he has the help of a former senator on this. we will talk with former covert

cia guy after this. 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?

stuart: spending shortfalls at the veterans administration leaving veterans without care. adam shapiro has details. this is just about money? >> there's a $3.4 billion -- the agency has a need $3.4 billion or they will shut down but the chairman of the house veterans' affairs committee congressman jeff miller saying wait a second. you come to us with another crisis that you testified for this would be secretary mcdonald, four times this year and never once indicated this shortfall was coming and at the last minute blamed congress for this and what the chairman mr. miller is saying, the va has of the a problem. not a lack of money. he cites crossed overruns at the

construction project in denver which is a nightmare and they have been using money to finish that project which should be going perhaps to health-care. stuart: the president got into this. ashley: with john stuart the other night saying it is a money problem. give some more money and the fitz will be taken care of. i don't agree with that. is a government problem. since when has the government in an efficient prompt and well priced delivery system for health care? since when? >> efficient is the key word. people tell you it is not efficient and the va is an example. we talk about the waiting list scandal 110 va hospitals with a waiting list scandal, only to employees of the veterans administration have been fired because of that just two. >> you don't think stings have gone better? someone who goes to the same hospital where the scandal first

arrived, has gotten very -- very happy with them in the last several years. you have to wonder if this has brought a better situation for our veterans now than a year ago. a lot of good doctors out there do care. >> the administration is holding veterans hostage because there mismanaging the funds at the veterans administration say we will shut down hospitals? what good is the hospital if they shut it down because they need more money? ashley: give them all vouchers. stuart: spend this voucher in any hospital. we don't want -- go to get the care you think is best for you. adam: they have a limited program if you don't live within 40 miles of of the a you can go to a doctor outside the system and that is what they say is creating the shortfall. stuart: thank you very much. here is a plan to fight isis use saddam hussein's old

friends, a big iraqi businessmen wants to do that and is getting a former u.s. senator on his side. who now runs a big lobbying firm to help him do this, to get them going to saddam hussein's friends. the former senator is steve symms of idaho. former ceo of covert operations mike baker joins us. what do you think of that? give saddam hussein's friends money and guns and let them go fight isis? >> it is 2002 all over again. we have various groups of iraqis some travel leaders hiring lobbyists in washington d.c. marching around capitol hill trying to convince our politicians that they are the ones to bring order to the chaos

in iraq. history repeats itself. i sought this prior to the 2003 move into iraq. stuart: we have a problem all over the middle east, trying to figure out who on earth we are going to back? who is on our side? who is our side? who is their side? everybody seems to be our enemy. i am not sure we have a friend. >> our friends are backing off and we have less influence and leverage with them because they rightly so see us as abdicating our place on the world stage and being a leader on that regions of their concern, they're doing what any nation would do which is start to think i got to take care of myself this morning so they are pursuing their own personal interests. stuart: what would you do? you know how these things work? you have seen a situation in the middle east? what would you do?

>> to defeat isis if you look at that problem the only way this is going to happen and this is why it is not happening is for the u. s to beat get at the.the edge of the sphere put troops on the ground and be engage. who wants to do that? we are all tired of this and the current administration has no interest in doing it is easy for all of us who don't have to put our boots on and march through this and to talk about it. i understand that completely but if we wait we wait for the iraqis to train up their military or we try to cobble together some of these various interests who are making their way around washington. it is going to be a long time coming and our allies are not going to take the lead because they have been waiting and are waiting for us to do it. without that we are going to be as the white house says because it is their strategy we are going to be inches for a very

long time. stuart: it means president obama's successor, the person who takes the white house after president obama has to deal with this because not much will be done in the next year-and-a-half. >> that successor whoever that may be the 417 candidates running for office that is right. they have to pick up this mess in a variety of other messes that have been created over the past few years around the world primarily because there's a vacuum left the u.s. steps off the stage as much as we would like everyone to join hands and take a role in leadership around the world that is not the way the world works. when we step off that role it creates that vacuum and that is the chaos we are seeing in the middle east. stuart: bad guys exist and are walking in and out. mike baker, thanks for being with us, appreciate it. uber getting a big break in new york city, a temporary break but a break nevertheless. you want to peak inside and a list celebrity's penthouse. we will give you one. that lady's can house leaders

this hour. two streetlights. the only difference: that little blue thingy. you see it? that's a sensor. using ge software, the light can react to its environment- getting brighter only when it's needed. in a night it saves a little energy. but, in a year it saves a lot. and the other street? it's been burning energy all night. for frank. frank's a cat. now, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized.

this is a great place to work. not because they have yoga meetings and a juice bar. because they're getting comcast business internet. comcast business offers convenient installation appointments that work around your schedule.

and it takes- done. - about an hour. get reliable internet that's up to five times faster than dsl from the phone company. call 800-501-6000 to switch today. perks are nice. but the best thing you can give your business is comcast business. comcast business. built for business.

stuart: uber catching reprieve they struck a last-minute deal to reverse a cap on the number of vehicles uber can operate in new york it will be a breakthrough. jo lin kent is here. >> it is temporary. there is a possibility ack-ack could exist for uber in the fall but now this city will be able to look at the city as it exists without a cap on uber and determine how the traffic will athlete flow. and novel concept. stuart: the city lost. >> no doubt about that. uber probably got more of a global victory out of this compared to the city wide victory, it is one of the most difficult places to do business for a fast-growing company. this is what bill deblasio had to say this morning on cbs. >> i think there is a resolute feeling among mayors all over the country is that no private company gets to dictate the rules to government. we have the public interest in mind and we will strike that

balance. what is the about this understanding is it allows the situation with some real limits in place and we don't take any option off the table. we believe there needs to be a cap for additional regulation, we will do that. "cavuto coast to coast" when he backed off, he lost. >> you lost but uber does now have to hand over more data to the city as part of this deal. uber doesn't win scot-free. they do have to handover data they will protect your privacy but overall uber netting -- stuart: they are doing a dance all over the world doing a dance with authorities uber is innovative breaking up everything. >> that is what is driving it consumer demand. >> governor cuomo actually is the one that put bill deblasio in his place. >> kate upton also coming out and reacting quicker. a lot of big celebrities new

york times editorial team pushing in favor of uber. stuart: new york times? >> there was a piece in the times limiting uber. stuart: i never thought i would seek right wing people demonstrating in new york as they did last night or the day the new york times was in favor of real innovation. >> it is about consumer demand getting things when you wanted and uber drivers are able to deliver a fat product. >> very convenient. bernard: when you got to show me how to use the uber apps on this phone. >> i will gladly do that. >> can we do with live? stuart: we cannot do it live. more issues, thank you. more each is plaguing the iran nuclear deal. now complaints of secret side

deals related to inspections of course. 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 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.

[dad]i wear a dozen different hats doing small gigs,side gigs...gig gigs. quickbooks self-employed helps 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.

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. stuart: breaking the law. >> selling body parts common doing partial birth abortion which is a delight sponsored and

got through breaking the law and someone who's breaking the law should not be receiving federal funds. stuart: presidential candidate rick santorum earlier on this program. i was asking about those videos where you concede planned parenthood executives talking about body parts from aborted fetuses. really an extraordinary story. cheryl: i understand there's a big question to pull federal funding from planned parenthood and you and i disagree because you said you don't think this is a, quote, abortion debate. i am worried where this is going to go. with the you are pro-life or pro-choice with these people did is horrific and it would make sense to pull federal funding but if we see a full-blown attack of planned parenthood by worries that will take over not only the political discourse but will lead to frankly more violence and we don't need that in this heated hot topic.

stuart: entire levee right because if the presidential campaign is diverted to a moral issue you are diverting attention from our desperate need for economy. joy and make it is disgusting you and i agree but i worry we're going to go somewhere we don't want to go with this debate. stuart: thank you very much, we appreciate that. john kerry and other top officials taking tough questions on the hill today getting grilled about the alleged secret spy deal struck with iran over the nuclear program. you were telling me earlier this is not secret. they are in the agreement, we just don't know what is in them. >> they are referenced because there are in trouble parts the

deal with critical issues that the administration never extracted information from iran on for example possible military dimension as it is called love iran's nuclear program and specifically what happens if the armor and artillery base where it has been suspended for a long time that iran was doing the critical weatherization work. how these fit into the deal is iran doesn't get sanctions lifted until let international atomic energy agency is satisfied by december 15th of this year's that there are no military dimension that report to the security council and that is when sanctions are lifted so the notion that these side deals is a mistake, i would say if this had been well drafted agreement which it is not, i would have said these agreements are incorporated by reference into the broader deal and congress has to insist on getting the text of those agreements. stuart: the problem is this -- i will call from side deals.

this is between the iaea international atomic energy authority and the iranians. we are not in that. >> life is hard for iran these days. these are material commitments on iran's performance, they are central to the triggering mechanism in the agreement that lift sanctions. we are members of the international atomic energy agency, we are on the board of governors, we are critical in terms of funding that organization. there's nothing secret from the united states. stuart: it is a good thing. if the iranians have to measure up you're shaking head. >> the iranian government has been stonewalling the iaea on questions about weatherization activities for six or seven years. the most the iaea can say now is we have no proof one way or the other of military activity. that is why these side agreements could be important. of that is all they are required to say to get sanctions lifted i think the iaea will not find any

evidence because it has been moved away from parts when the site is cleaned up for years now suppose they will say we find no evidence of military activity and i will remind everybody one of donald rumsfeld's favorite aphorism is the absence of evidence is not evidence of absence. stuart: that is very good. we appreciate you being with us and shedding light on this. we one to know the details of these agreements. >> edison being a language. stuart: thank you very much check the dow jones industrial average. we are in the red for the calendar year, not by much. 17,800. look at the price of oil, $49 a barrel, slipping to 48 a few minutes ago. an important indicator for the future price of gas. that is my opinion. the current price of gas is national average of $2.74 i think it comes down from there.

most expenses in america the regular gas in california, $3.85. how about that? we are keeping a close eye. a $15 per hour minimum wage is spreading, at a special panel in new york state recommending that the state go to a $15 minimum wage per hour for fast-food workers. i want to know more about this because this is new york state. ashley: phase in intermediate years in new york city and 16 years and was to the state but we need to look at seattle, san francisco and l.a. who have agreed to phase this in. in seattle, what we are seeing is prices have been passed on to the consumer. we knew this was going to happen prices of 20% in many restaurants. we are seeing a number of restaurants, small businesses being forced to close, mcdonald's closing down restaurants in that area. also really interesting is that now we are getting reports of

workers begging employers to cut back on their hours they are earning too much money it takes about of eligibility for medicaid and other entitlements. that is an interesting development i think. stuart: that is indeed. if that example were followed across new york state is a disaster for fast-food workers quite frankly and certainly for those who want to come into the marketplace as fast-food workers because of many fewer jobs. has to be the way it is. why are they doing this? i think they're doing it because they want to buy votes. if you say vote for me i will get you $15 an hour you will vote for that person. cheryl: minimum wage is $8.75 $15 an hour for these workers is a cue jump and will be absorbed by many business owners in fox business julius telling us they can't handle it. they will close their restaurants. understood that new york is that

different -- when it comes to cost of living is more expensive to live in new york and maybe parts of seattle or los angeles that make a fair case for that. they will lose these businesses. stuart: why should be the in the government of legislating wage is in the private sector? cheryl: they should not. $15 if they keep saying this indifference studies and every city is a different story, different number. stuart: thank you. president obama says the irs did not target people because of their private political beliefs. government's own watchdog says otherwise, theposite. irs did target certain groups and we have a member of one of those targeted groups up next. expect it to get emotional. >> a born free american woman wife, mother and citizen and i am telling my government that you have forgotten your place

everyone loves the picture i posted of you. at&t reminds you it can wait. technology empowers us to achieve more. it pushes us to go further. special olympics has almost five million

athletes in 170 countries. the microsoft cloud allows us to immediately be able to access information, wherever we are. information for an athlete's medical care, or information to track their personal best. with microsoft cloud we save millions of man hours, and that's time that we can invest in our athletes and changing the world. nicole: the dow jones industrial average moved to the down side, more than earlier. it is up 6 points and put dow back in negative territory for 2015, the s&p down 6, nasdaq:of games up 2-1/4 points, caterpillar, american express, all under pressure after their quarterly reports, microsoft and apple have the up arrows top

three, apple up this morning at 12650. we are looking at some names hitting a lifetime highs on the dow jones industrial average jpmorgan pulling back from hitting a lifetime high earlier today along with nike, 11428 union pacific, and also whether under pressure. you can see that down 4.5%.

stuart: remembers this? president obama's appearance on jon stewart this week? roll tape. >> they're going after the tea party. it turned out congress passed a crummy law that didn't give people facts in terms of what they were trying to do. they did poorly and stupidly. the truth of the matter is there was not a big conspiracy. they were trying to sort out these conflicting demands. stuart: that might not have been entirely accurate. of new report from the government accountable the office says, quote unfortunately the irs has not taken sufficient steps to prevent targeting of americans based on their personal beliefs. the president, alabama's tea party group, a frequent guest on this program becky welcome

back. we showed our viewers you in tears, brought to tears before congress almost exactly two years ago june of 2013. has anything changed at all? >> more evidence has come out that in fact they did target conservatives. the judicial watch just received yesterday documents from their request that showed the irs was using donor lists to perform audits, one out of ten donors were audited and that is an astronomical amount when you compare that to the regular population of people that are audited. stuart: when you have been in touch with members of congress today and you are pushing for some kind of action. what are you pushing for and do you think you will get it? >> i don't know. i am getting tired there are so many hearings and we see the evidence and the e-mails and we know targeting has happened. i don't think anything will

change until we get a special prosecutor and i think it is just the american people are going to have to stand up like they never stopped before because this abuse is getting so bad not only with the irs but government is just taking over if the people and we have to stand up to them. stuart: i see your point but i have a horrible feeling they will get away with this, nothing is happening no real movement is taking place, they will run out the clock and leave you up the creek. >> that is definitely the plan and right now they are getting ready to have a hearing this morning and that new panel of witnesses of victims who have been hurt by these audits that were definitely targeted maybe you will see more of what is going on and people can't stand by and let this happen. we need a special prosecutor or i would go as far to say let's just abolish the irs and start over. they are so inefficient they can do anything right.

it is being used as a political weapon now. stuart: i want you to go back to the days when you were harassed and targeted tell our audience what happened to you? >> we applied for a 501 c 4 status and what happened was it was supposed to take 60 days they have all the information they needed, we were falling all the rules we qualified for that status but it took them almost two years. they sent me a threatening letter wanting copies of every speech ever given they wanted every handout ever given, they wanted to see our web site pages, they wanted to know every detail of our organization before they would grant us status even though we were always in our rights to do it. stuart: they picked on you because you are from the tea party, at looking for that word tea party and is essentially didn't they keep you out of action politically for the 2012 election to put you out of

business. >> they put us out of action but it is amazing that the powers they have gained even members of our group were so afraid to come to meetings because they didn't want to get audited. they were afraid if they were somehow associated that it would be a problem for the. stuart: you have people who would come your meetings because they feared an audit from the irs because they were going of the with a fine tooth comb. >> yes. and people don't want to give money. if they gave it was cash they didn't want records coming back to them and as we know those donor lists were used to audit people so is a good thing i never gave any of our donors's names a way to the irs or any of our members's names. stuart: welcome back to "varney and company," you are welcome here and we want to see some progress and keep in touch with us. thanks very much. ashley: i was wondering whether this is still going on since

this came to light since she gave an emotional testimony is still happening? is she having reports of that? stuart: i think she is back in business. i don't think there's any more harassment. it was bad enough for years. up next, could end up being a big problem for a lot of people if congress cannot get its act together so to speak. social security disability. that fund will be out of money and benefits will become. we will tell you how much and why in a minute.

>> as promised and i 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. these days, she's still as busy as ever. just the way she likes it. innovation and you. philips lifeline. lifeline is america's #1 medical alert service. visit philipslifeline.com/caregiver today or call this number for your

free brochure and ask about free activation. 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. 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: people getting social security disability checks facing that 19% cuts next year. what is going on with this? cheryl: disabled workers that take payments from this fund, social security fund is indeed going to run out of money we don't replenish it by the end of 2016 in the middle of a presidential campaign, disabled workers getting a little over a thousand dollars a month, reduced by $193 a month a lot of money. a very sensitive issue. stuart: right before the election. where do they get the money from? cheryl: that is the debate they're having. where will they get the money? ashley: out of the retirement fund republicans say we need

wholesale changes to the entire program. that is where they will clash. stuart: social security disability fund runs out of money next year. that is a fact. no way around that. cheryl: 11 million americans in this program that way. stuart: then we have ferrari prepping for stock market debut. this is news too, the parent company's fiat chrysler ferrari was owned by them. what are they doing? ashley: looking for an ipo early next year. just for rory. one of the most treasured names in automobiles and we make $7000 a year because they know demand is there. supply and demand dynamic going people we years to get their ferrari lucky people. they are looking for of market value somewhere around $11 billion. a $11 billion. stuart: for company that makes

7,000 cars the year. that proven success high valuation not that they can double their output as this year will make 20,000 for oures. $11 billion valuation. cheryl: this is about the italian company. i don't think it will be a great idea. stuart: they can bring in more money and -- cheryl: the companies go on on that. lis remember it reported earnings at 4:00 this afternoon. we will be covering that. highflying stock down at the moment. more varney after this.

>> if we wait, if we wait for the iraqis to train up their military or we try to cobble together some of these various sunni interests who are now making their way around washington it's going to be a very very long time in coming. and our allies aren't going to do it. they're not going to take the lead on this because they've been waiting and are waiting for us to do it >> he's talking about -- that's mike, covert cia guy in the past. he's saying this is why you can't beat on the iraqi army to beat out isis. a couple more comments coming from our viewers today. first off james. he says this about the fbi. say that isis is now stronger than al-qaeda, james says. we could have annihilated them when they were the so-called jv team because this fail administration, it will be a lot harder now. one more viewer comment. this about raising the minimum wage. why phase in the minimum wage increase? just raise it. that would demonstrate how raising the wage rate is not the fix. i think we can agree on that one >> yeah. it's a good point

>> if you think it's so great -- >> just do it right now. >> i think neil cavuto agrees with me on this one, but not covering it at the top of his show which begins right now >> we are looking at that wage issue. thank you very much, stuart, and it wasn't long ago where a lot of the employers were worried about a minimum wage. boy, they might be steeling at that now. because across the country it appears to be $15. new york state is the latest state to say you know what? we want it to be $15 for all fast food workers and soon. when i say latest, i say right now only because up to now we see the host of cities try this l.a., seattle san francisco, oakland, we've seen the university of california system. but if this goes through, and it looks like it will in new york state, it will affect upwards of 200,000 fast food workers who overnight are going to see a doubling in their pay. now, it will take over the course of a few years, but it now makes us look back at tha