tone for china, chinese stocks as well as asian stocks in general. "varney & company" is next and stuart over to you, have a good show. >> thank you so much. it almost takes your breath away. amazon stock, whoa what a week it's been for america's world leading tech stocks. good friday morning, everyone. here is the amazon story, big profits firing on all cylinders there you have it. the stock is going to be up about $100 a share. on-line amazon is now worth more than bricks and mortar wal-mart. today, you are going to watch the latest chapter in the astonishing story of ameritech -- american technology. and hillary clinton, she may be subject to a criminal investigation about the e-mails and announced plans to tax the rich even more. and then there's donald trump and his trip to the border. the visit lasted three hours and changed his mind about the border wall and claimed the

backing of the hispanic voters. and this is kevlar 452-b. it's a planet that looks like ice. they're excited. the jam packed edition of "varney & company" is about to begin. ♪ john russell houser killed two others pat a lafayette movie theater and then killed himself. here is lafayette's police chief last hour. >> the vehicle had a switched license tag on it. it was parked right outside an exit door of the theater. it is apparent that he was intent on shooting and then escaping. stuart: john russell houser had a previous criminal record, but had not been in trouble recently. no motive known as of yet. let's get to the market.

look, oh look at amazon opening at a new record. oh. ashley: that's $100. stuart: that's $100. amazon is making money, revenue is up the amount of money coming in. over 20% over the last year. come in ashley give us the numbers. ashley: a blowout of the estimates stuart. second quarter profit 23.18,.18, that's billion. sales of cloud computing. it's picked up 81% year every year. stuart: they organize your data storage up on the cloud. ashley: revenue up 26% in north america alone. this was a blowout earnings quarter and you're seeing what it's doing to the stock price. stuart: up over $100. isn't that fantastic? you look up on a friday morning and got a big name stock going up to $100 a share and by the way this huge gain that we're going to see moments from now. that makes the founder of the

company jeff bezos, the world's fifth individual i should say, his net worth went up when it went to $100 a share his net worth went up by 8 billion. he's got 83-- >> evaluated well over 50 billion not bad. stuart: i'm going to bring you in with us. >> this is the giddy stuart varney. stuart: yes. >> i'm impressed. stuart: you're not a stock watcher, but i'll telling you-- >> no i'm scottish so i'm frugal. yes, i'm frugal. stuart: not cheap, frugal. >> that's true, exactly right. stuart: you have never seen before a company the size of amazon go up 20% up in a matter of hours, i don't think you've seen this before. >> i think this is obviously the new tech world, the things that move so quickly around the world and yet, i also think that something that moves that quickly is also volatile would

you agree that this is something that can move as quickly in another direction or is this the nature of the new world and what-- >> the criticism of amazon has been spending too heavily, hasn't seen the results for it. finally, from the beginning, they're starting to pay off. >> so this is suddenly like the rush of like finally having made it a star is born finally. stuart: do not confuse in with dot-com bubble. we've got facebook google amazon, netflix, none of those companies are just startups. they rule the world. >> and ultimately in america. stuart: thank you. >> accents, you guys even get it. ashley: we get it that's why we're here. stuart: so let's get serious, shall we? far more serious with money, we're talking politics. hillary clinton may be subject to a criminal investigation for use of a private server to send

sensitive and maybe classified government information. tammy bruce is here when i saw that word criminal that's the important point here that's a huge problem. >> well, look this is finally-- the inspector general from the state department and the doj saying hey, we need to look more carefully at this. first they said it was hillary looked at and now they said in general, people at state department because of the e-mails which means somebody's phone rang. and this is worrisome because hillary said it was republicans going after here and in-fighting. and now the inspector general says something is up and needs to be looked at. stuart: a separate story on hillary she's going to outline a plan that wealthy people are taxed on capital gain. without getting too complicated it's a sliding scale. the bottom line the more wealthy you are and the shorter you keep the big profits, the

more tax you'll be paying. again tammy, the politics of this, that's a shift to the left. >> well, it is. and look anything that the government gets involved in in micromanaging business is a disaster for the country. we've seen it also with her husband and the community redevelopment act, the same thing allowing people telling banks people who couldn't afford mortgages, mortgages so it could make things look better. the notion that the government should determine what companies should do or what they shouldn't do, punish them if they don't do what the government wants, is a recipe for disaster. it also suggests she does that it's better if we don't have quarterly reports because that's a short-term investing strategy. the fact is i think that americans like to know and like to have some kind of view in what's going on with companies and on wall street on each quarterly basis so there's more transparency, it's interesting that she wants government to control them and then to have less transparency it's a disaster, what the left says

it fails and it will fail now. stuart: what kind of mood is the country in? is the country in the mood for fairness and retribution and tax the rich or optimistic and let's go. what's the mood of the country? >> it's both. americans want everyone to have fairness and success, but with the government that keeps their hands off. >> which side do we tilt to? >> with bernie sanders and donald trump, what they're saying, we don't want what you've given us now, we want a frame work that allows us to do our thing and businesses to be free and we want to make our own decisions. the micromanagement destroyed things and nearly that the private sector opened up and is doing well. it's the free market it's capitalism which saves people's lives and makes people's lives worth living. >> you're right. >> thank you so much. stuart: let's talk trump. he was at the border he was there for three hours yesterday. he backed off about building the wall for the entire length

of the border, but he did something that certain sections do need a wall. roll tape. >> with certain sections you have to have a wall absolutely. by the way the wall the wall will save a tremendous amount of money and you absolutely there are areas that you have to have the wall. stuart: that's very different, ashley. ashley: called back. stuart: the whole border let the mexican government pay for it. ashley: with a moat probably. he's absolutely besieged by reporters we'll get to that in a while and shouted back in true donald style. stuart: we have other headlines, believe it or not. we've got amazon hillary, trump there's more. lauren simonetti is here in case you missed it all. >> and including starbucks, hi everybody. 14.9 billion in the u.s. stronger than expected 8% look there. starbucks will open at a lifetime high today, over $59 a

share. starbucks also benefitting from more of us buying our coffee with our phones. one in five orders are made on mobile phones that's 9 million transactions. stuart: interesting. >> it's one in 10 million signed up and you don't have to wait in line. stuart: you're not one of them. >> and you don't think about the money as much so you could spend money. ashley: it's not real money. >> and the smart watch is another story, but here is a warning on the smart watch that you're wearing, it could be hacked. hewlett-packard warning that of the best selling smart watches out there, all of them have security problems because they're wearables and only ten had a lock function that would prevent strangers from getting data and unencrypted. this is fun. a new michael jackson album could be on the way. an engineer found 20 songs on

his computer. they belong to sony if they decide to release them they'll need tracks and michael jackson had not sung them. >> it's not the same as an album. >> i think people will buy it. stuart: don't forget to tune in every morning weak days 5:00 in the morning, lauren sandra and nicole will greet you with a smile as early as the-- >> with starbucks. >> they're not open yet. >> she knows. [laughter]. stuart: for thousands of years people wondered if there was another planet out there that could sustain life? is there another earth? nasa may have found one, earth 2.0 they're calling it the closest match to earth so far. tammy, does this really excite you? >> it does, because it could be a prison planet. [laughter] >> when i heard this i thought this is great. open up the prisons here use it as a prison planet.

stuart: are you being nasty to australia. >> australia turned out to be pretty darn nice and maybe that planet needs this. the prisoners, i don't know. look, i think it's good. i saw a headline that god is disappointed. like god created everything including other planet that may be like us. i think that there's a sense of humanity that this is only where humanity is it's everywhere. i mean the divine nature of who we are and possibilities is infinite, really. ashley: and how do we get the starbucks and walgreen's by the way it's slightly bigger than earth and 385 days to go around the star the star which would be the sun, their version of the sun so the year would last 385 days. stuart: it's a bigger planet and. ashley: double the gravity

pool. the atmosphere is similar. stuart: instead of weighing what i weigh on that particular planet, i would weigh twice as much? >> fall through the surface. >> you wouldn't have to deal with joggers bicycles on the sidewalks and they couldn't go as fast. there's too much gravity. stuart: and coming up at 9:45 he's going to tell us why the space geeks are so excited about this new discovery. here he comes. hillary clinton's got big plans to raise capital gains taxes, yes she has. senator john morraso joins me on it in a moment. i'll ask him. jeb bush oh stepped on the third rail of politics and was heckled for it. details next.

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? 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.

>> hillary clinton will announce her economic plan today, more about it calling for a rise in some capital

gains taxes. senator john barrasso joins me now. always good to have you on the program. i'm going to ask you the following question what's wrong with raising the capital gains tax on wealthy people? >> it seems that hillary clinton wants to punish success. we know what works to grow the economy. we need to get people back to work to get more money coming into the federal treasury and the way to do is to to have more workers. the problem isn't that we as workers are taxed too little, but that the government spends too much. the recipe for success, your tax is low, reasonable regulations and you don't spend all that comes in. hillary wants to raise taxes so she can spend more and that's the problem with a bigger and bigger government. stuart: we hear you, senator. topic number two, jeb bush is now going to backpedal and talking about phasing out netty

care. >> i paid into it all these years and now you want to take it away. >> no, no no no. >> that's what you said. >> i didn't say that. >> you did say that. >> no ma'am. >> my medicare right now is wonderful and i paid into it for all of these years. why are you always attacking the seniors? >> well he took some flak for that, senator. he did back peddle he said he wanted to reform entitlements, but he stepped on the third rail of american politics didn't he? >> we do need to reform entitlements, people made in to medicare and people for every $1 they pay in they take out about $3 and that's why we have the tidal waves of social security and medicare. my nom is 92. the year she was born life expectancy was 56 and now it's over 80. and when they put it into place in the first time they didn't

realize there'd be the successes in medicine and i'm a doctor and grateful for the successes, but we need to reform entitlements. when you talk about entitlements, you don't talk about cutting. you don't talk about phasing out you talk about reforming and saving. and that's really what you have to do in washington isn't it? it's not a question cut this cut that. no, it's you're going to save this thing, right? >> i think we need to save medicare and social security for our seniors and for all americans and there are ways to do it and it does involve reform. stuart: a quick question on the iran nuke deal i take it you're not persuaded to vote in favor of it? >> i was in and there was bipartisan skepticism and there are supposed to be inspections 24/7 and now it's 24 days. you can hide a lot in 24 days.

the president and secretary of state gave up a lot they didn't have to give up. and iran with a nuclear weapon in my opinion this is a path for them to get a nuclear weapon. stuart: you're a senator, you don't like-- reform, and no nuclear deal does that sum up the past three minutes? let's get to the market. >> thanks for having me. stuart: very much in the news oil $48 per barrel how we're opening up this friday morning. as oil goes down we're beginning to see a crack in the price of gasoline. the average now is 2.73. we made a big deal over amazon going to $500 a share. that's going to happen this morning, in a couple of minutes. look at facebook we'll make a big deal about that, going to

$1 $100 a share. and i think we're on this watch right? >> we're on this watch and facebook and morgan stanley raised it to 110. facebook is the biggest player in mobile and ads are growing. stuart: we're waiting for starbucks to go to 60 and getting close this morning, it's going to be up today. okay, big changes for sanctuary cities, a bill now passed punishing the cities that shield illegal immigrants from deportation. congressman will be here to discuss it this morning. donald trump getting aggressive with one reporter and what he said next.

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.

>> donald trump made a three-hour stop at the border and used that time there to blast a member of the media, roll that tape. >> telemundo should be ashamed, what's really going to be fun, i'm right now suing univision for 500 million, and so i want to just again, i want to thank you-- no no you're finished. you've you've obviously dn adds. stuart: you're fired.

what's the latest tweet, from rick perry about trump? >> former governor rick perry said as tweeted out about donald trump, as an employer of illegal immigrants donald trump's border security record is nonexistent, so he basically says that donald trump hired illegal immigrants on donald trump's own hotel construction site. stuart: i do feel that the spat between rick perry and donald trump is getting silly and demeaning to both. ashley: no one wins the democrats are laughing. stuart: i think they are. they want trump. ashley: of course they do this is perfect for them. stuart: thank you very much. losing faith. a new poll shows most americans, majority thereof feel that race relations are getting worse in america. ann coulter joins me on that subject in the 11:00 hour. wait for it look at this amazon, it's going to open about $100 per share higher in

just a couple of minutes. you know this is american technology. we lead the world. that's where the money is flowing and this is exciting. "opening bell" is a couple minutes away. try to make some money!

♪ if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. share your summer moments in your mercedes-benz with us. behold, these are two wind turbines. can you spot the difference?

the wind farm on the right was created using digital models and real world location-based specs that taught it how to follow the wind. so while the ones on the left are waiting the ones on the right are pulling power out of thin air. pretty impressive, huh? now, two things that are exactly the same have have never been more different. ge software. get connected. get insights. get optimized. when a moment spontaneously turns romantic why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure.

do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. why pause the moment? ask your doctor about cialis for daily use. for a free 30-tablet trial go to cialis.com

>> they're cheering the bell is about to sound and we're going to be off to the races for one stock, i repeat one stock. amazon. in one second starting right now amazon is going to the moon. we'll give you that as soon as we possibly can. we'd like to show you the dow jones industrial average, an electrical problem on the big board so we are showing you on a different board. and we've opened flat. i want to get to amazon. anybody in the audience with a single share of amazon you're in the money. and all of us are joining together, and celebrating amazon. would you buy it at 560, 570.

>> i'd like to, but they've got two huge aces in the hole they haven't played yet. they haven't disclosed how many prime members they have between 40 and 50 million and their apparel business is on line to take on the quarterly earnings and break out apparel or prime, we're going to see another jump like this. stuart: you raise the excitement level quite well there. look, i want to buy it right now. these stocks we have covered this year google facebook netflix amazon and now look at amazon. and you've not covered the market as long as i have. >> almost as long. stuart: have you ever seen anything like this? >> no this stock is up about 50%. the cash flow for this company quadrupled over the last year and i wish keith fitz-gerald was on with us now, he was bird dogging me that amazon would

do better and-- >> ashley amazon's big gain means that jeff bezos, the founder is the-- >> he went up 7 billion in an hour. the stock went up more than 100 bucks in after hours trading and he founded the company back in 1994. stuart: he was only 20 years old. ashley: it's quite remarkable. stuart: he displaced larry ellison at number four. ashley: he's on his way to the top. stuart: scott shellady commodity guy, he wears the cow jacket in chicago, do you have any opinion on jeff bezos or amazon, stock stuff? >> yeah i do. here is the shocker, the reason why the stock is up the street is shocked that they made money that's a story. and 7 billion overnight is also a big story, but you know what? they do it faster cheaper, better, anywhere you want to

be. who is going to be in the way of these guys? i would buy on a pullback there isn't anybody that could stop them right now liz: look at that move. stuart: that's right. and we should look very closely at american technology because it flat-out dominates, doesn't it? you've got to have a piece of one of these power companies in your portfolio, just an opinion. big profits and a big name starbucks how well is the stock performing nicole? >> i had my mocha frappaccino today. and the sales up 7%. stock is up 4%. hitting a new lifetime high 20, 30 million more customers, trance, as on the rise and they raised their outlook. and amazon starbucks, visa, it's earnings season and they're taking off. >> watch this about starbucks, coffee prices are down over

last year and starbucks is up 43%. it's almost like in tandem. >> the big surprise starbucks is also a technology company. they're not just a coffee company. 20% of sales coming from on-line apps. >> that's the price this morning. here is another one for you, southwest airlines set its ninth straight quarterly stock price record. i like it i think that oil being depressed where it is it's a lot. they're doing a lot of good things and i think they're being more competitive and giving upside guidance to the revenue. >> hold it a second. is that the stocks you would buy for all that is available? >> that's the one. 500 million because of the cheaper gas. and 500 million in a quarter. that's pretty good. >> and jeff bezos had 8 million. >> look at, let's look at oil, please, i think we're about $48 per barrel right now. 48.65.

scott shellady we were right. oil has come down and gas is beginning to come down. take a victory lap. >> well i tell you what i don't want to take a victory lap on oil being lower because it does kind of portend some negative things on the horizon. gold, oil, a lot of the older traders will tell you when the commodities start coming together. they could be the canary in the coal mine for inflation in their system and that's troublesome. a lot of times they give a six month view. look at copper it's not just gold and oil. we could have a bumpy ride here. >> let's look at the price of gold. we have not seen a slump like this the longest protracted decline. this wraps into your theory here, maybe some deflationary signals on the horizon. you're right again, gold is indeed coming down.

>> right, and i've said it before. it's a place to hide your money in inflationary times. clearly that's not the case and gold is telling you that. number two, when we've got some sort of armageddon. we don't have armageddon and we've skirted past issues. i don't think that gold is a currency-- >> sorry. the u.s. dollar strength in inflation it's a deflationary story and china is cutting back on gold purchases. >> you've managed money, would you put anything into gold? >> not yet. i've got two downward price targets and 1040 is where we launched in 2010 and 1,000 is going to be a key psychological level that's going to draw this price down like a magnet. stuart: let's go to the side let's talk about facebook. we've seen milestones and what we'll look at is facebook see

if they'll go to $100 a share. 97 now and are you buying this one facebook 97? >> i'm buying this is a long-terms story, one ott of five minutes that people spend on one of facebook properties. they have more eyeballs and they're growing them around the world and they're going to keep popping. stuart: wow, that's so. and monetize it. >> for the longest time everyone is using it not monetizing it and now they are. stuart: this is the one, facebook with the most potential upside because of the four big stocks we followed closely netflix, facebook amazon and google you think that facebook has the most upside potential? it's not yet had its huge run? >> couldn't have said it better myself. it does have that extra pop that it can go and they're going to monetize quarter over quarter. better and better mobile numbers yes, they are the biggest potential. stuart: let's get to the liquor

market. 9:37. >> on friday. stuart: you're looking at diageo, a big name liquor like johnnie walker and other of these things. now they're being investigated. have you heard the stock. ashley: looking whether they're shipping excess inventory to-- and why would they do that the extra shipments to the sellers, kind of cooking the books and-- >> kind of like-- >> why did the stock go down? the stock goes up. they're being investigated by the fcc. why is the stock going up? >> it's probably not impacting now. >> a billionaire investor in brazil may want to buy it and get it on the cheap in it goes

down. >> and the bristol-myers squibb paid for channel stuffing. >> channel stuffing barbecue grills to make them better i covered it at the wall street journal. stuart: we're laughing because it's a story. >> it was two decades ago. stuart: get serious, ladies and gentlemen. hillary clinton wants to raise capital gains taxes on wealthy people. let's get a straight at it. what is wrong with that? >> stuart it's very simple economics 101. whatever you tax you get less of. so when you tax investment dollars you get fewer investment dollars. stuart: what about the mall question. why is it that people that live on investment income pay less tax and people who go out and

work. >> are you talking retirees? >> the moral one, if you're living on investments then-- >> hillary clinton flip flopped she said she would not raise in a debate with barack obama and-- >> scott, i want to know what you think about rich people paying more when they make a profit in capital gains taxes? >> stuart that's money that's been taxed they put to work simple, end of story, they've paid tax on the money and put it back in the market and they shouldn't pay tax on that. number two, you can't keep killing the golden goose. the upper% pays more than half of the federal taxes and upper 1% pays 23% of the taxes. you keep beating these people up, there's not going to be anything left to tax.

that's the bottom line period. >> it's so unfair all of these rich people scott, stop shaking your head. it's unfair. >> what's unfair is that 10% pay 53% of the taxes. >> thank you, there you go. >> and i know that you don't say it, but you've made a fortunate in the oil market and you're doing in the gold market and i want to see some fire here. [laughter]. >> you got me going. stuart: and after all we're down 20 points whoop-de-doo and amazon is up $82 a share. that's the big winner today. there will be one market watcher who says not so fast. he thinks you should short it. that means he thinks it's going way way down. we'll give him air time and deflate our balloon. they're calling it earth 2.0. scientists think they found our distant cousin. it's bigger than us it's older

than us do we have a chance of going? absolutely not. are we excited about it? some are, space.com is and they're next.

>> investigators on the scene in a movie theater in lafayette louisiana, he killed two people before killing himself. the gunman has been identified as 59-year-old john russell houser who has been described an as a drifter. it it does not appear that houser was working with anyone else. a wildfire across america close to an all-time high. 5.5 million acres have been burned so far. give you a context on that. that's about the size of new jersey. the second highest total. and we're down 15 points on the dow industrials, look at this

the big deal consolidation as expected anthem buying cigna. the actual total is 54 billion dollars. here is a stock that everybody is watching. amazon, watch it go. it's made a lot of money, signing up a lot of people for the prize service and it does open up $80 per share. $5.62 on amazon. now this. all the science geeks, whoa are they excited about this one? earth 2.0 they call it. nasa has discovered earth's bigger and older cousin it's a bit like earth, we're told. can you get excited about this? i don't know. this guy is he had corps of -- editor of space.com. >> finding another earth to what we see around us now has

been the mission, and they say they've found the best one yet and almost exactly like the setup around our star. 16% larger bigger a brighter star, further away, but its year is only with two weeks longer than ours and the gravity twice as heavy and could be volcanos. >> what we're looking at is the odds of finding some form of life on another planet. >> exactly. stuart: this particular planet 452-b. that has similarities which suggest alternate forms of life are possible. >> exactly. there's a goldilocks zone where you have water. on earth where you have water you have life and that's a guiding light.

the planet is smack in that middle zone of that goldilocks zone, it looks like it could have water, looks like rocky. stuart: can we detect life? how could we? it's so far away. >> right now we don't know what it would be like. stuart: it's conjecture. >> exactly, you would need a super mega powerful telescope. stuart: that's interesting, that turns me on. you're saying there could be a telephone scope that to be space-based and fly near the planets and see if anybody is waving from the surface, that what you're talking about? >> there are kind of follow-up missions to this one that would be a very large multiples working together to be able to take the first snapshot of an actual planet and nasa has their own and they're still-- the technology is-- >> how long would it take to get there?

? >> to get here 1400 light years away, and if you left now you could get there 3415. stuart: i've got to get this right. if you could travel faster than the speed of light, and that's not possible if you could, again you could get there in a very short time and real exploreation is possible. but you can't travel faster than the speed of light. >> not now and working on that in houston, looking at ways to bridge that gap, that interstellar gap because we're finding this planet they're finding you know there's at least a dozen that we know of. this is one slice of our galaxy, and they're finding all of these planets, there could be a lot more that we don't know about, but finding a way to get there and having a target now and a destination is usually.

stuart: i'm fascinated, but not quite sure i'm as excited as you are. thank you very much indeed. space.com. amazon not just a retail company oh no they make physical gadgets. e-readers kindles, smart phones. stuart: remember i had one of these gadgets onset, remember this? >> and that's-- please, no this is not mine ♪ ♪ ♪

♪ today, on 7/24 we'd like to shine the spotlight on the ones who work 24/7. the promise of the cloud is that every organization has unlimited access to information no matter where they are. the microsoft cloud gives our team the power to instantly deliver critical information to people, whenever they need it. here at accuweather, we get up to 10 billion data requests every day. the cloud allows us to scale up so we can handle that volume. we can help keep people safe; and to us that feels really good.

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. >> angelina jolie will direct a new movie for netflix, "first they killed my father", a daughter of cambodia remembers. and it's original content from netflix. then we have facebook we're on kind of a share watch. it's at $97 a share and it's up a buck 63.

we'll see if facebook hits 100, you'll watch it live if it does. to amazon and let's focus on the gadgets, not the on-line stuff or cloud, the gadgets. there's a bunch of them and i want to know how they're doing. bring in mashable senior tech editor, christina, welcome back. i want to focus on the hardware. and how are they doing? first of all, the fire tablets. >> it's doing really well probably the most successful tablet that's not the ipad. stuart: more successful than the microsoft tablet? >> that's more of a computer than a tablet. stuart: wait a minute the fire tablet does what? >> read amazon books and videos and listen to amazon music. it's basically a portal to the onhine eco system. >> that tablet is doing well? >> yes, the kindle the

e-reader. >> absolutely, let's design the e-readers, it's the kindle and everybody else has exhibited the market. >> but it's doing well? >> very well. >> okay how about the echo. i had one on the set and i asked the same question. >> it's fun. stuart: i know it's fun, but is it selling? >> it's always been available to the general public for about a month, but so far looks like it's good. am sont doesn't release sales of individual items, but the reviews are super good. stuart: the fire tv stick. >> yes. stuart: what does it do? >> for the amazon content or watch h.b.o. now or h.b.o. go or espn. and it's like a chrome cast roku, it goes for $35. does very well. stuart: last one, i know this is an abject failure. >> huge.

oh, my gosh. disastrous, is another-- how much money did they have to write off with that thing. talk about failures. stuart: the initial cost was $700 a pop. >> something like that. and they blew it up to $150. stuart: that's a huge failure. >> huge failure that most other hardware from amazon has done well. stuart: it's part of the eco system. they're building a family. >> exactly. very-- apple has tv shows, and trance parent, nominated for 12 emmys watch movies. we here you and the stock is up 76. in a word thank you very much indeed. possible criminal investigation for hillary clinton, all about using her personal e-mail for official business. we're on that story. forget about amazon, jeff

bezos. you made a good chunk of money today. second hour of "varney & company" is two minutes away.

en stuart: hillary clinton making another turn left, planning to tax wealthy people's investment income more just as we learned of possible criminal investigation into her e. neals. of big blow, maybe, if to sanctuary cities, the house-passed bill that would punish those cities which gives a harbor to illegal immigrants. congressman darrell issa on that shortly. amazon is making a ton of money fight all cylinders and they are not alone. american technology across the board is alive and well. our two starts now.

first i want to update you on the shooting which occurred in a movie theater in lafayette louisiana. a gunman killed two people, injured nine others. started shooting 20 minutes into a 7:00 p.m. movie. even turned the weapon on himself. listen to what the police chief had to say. >> the vehicle has which license tag on it. it was parked right outside an exit door of the fear. it is apparent that he was intent on shooting and then escaping. >> the gunman has been identified as john russell hauser has been described as a drifter. police say no other threats they know of, and that man was working alone. and building up big war, and once on part of the border. heritage foundation, stealing

all the thunder. you make like him or dislike him and out of the republican campaign. is in not? >> i do policy and when i got excited it was not donald trump on the border. saying things that are reasonable, a long border a lot of the geography is very remote. it was a $20 fence and border crossings, and the problem with that, a bumper stickers saying, i want amnesty, a border, neither one of those are the solution or problem and any time we get past the bumper sticker right get excited. stuart: do you think donald trump is positive when it comes to discussion of immigration and the border, is in coming on and

taking the argument to the debate further in a positive way? >> looking at the debate, look at the sanctuary city, sanctuary cities are a symptom of a larger problem. dealing with them is like dealing, not touching, don't in force immigration laws, don't have a handle on cross border transaction 0 criminal activity and don't have an economy where employers get the employees they need to grow the economy and grow jobs. the big key issues are what is important but as long as we are debating the length of the border fence and sanctuary city policy we are never getting there. stuart: the policy? >> i don't see the debate getting better. "cavuto coast to coast" when you are a policy guide. can you see at some point in the future may be after the

presidential elections the we have some form of reforming our current immigration laws for enforcing those laws and getting a solution to this huge immigration problem? can you see it coming any day? >> yes i can. the reason is if you get to the point where you had congress and a president working together to address the issue rather than trying to push a particular political agenda i could see we are not only going to get, where you could spot the problem or get a good degree of national consensus that yes we are going to let you do this and move forward. stuart: republican in the white house, republican senator, republican house of representatives, that would do the trick. i suppose the other way around, democrats in the white house, democrats in congress. you think that would do the trick but you need unanimity, white house and congress. >> there is this misnomers that somehow border and immigration

policy are clearly divided by a partisan issue, republicans want one thing and democrats want another and that is not really true. the reality is people are all over the map on this but what you do need is indeed an administration and congress that move forward and trust and confidence and look for solutions and say what you want about president obama, from the beginning he made this a political campaign and he has destroyed the trust and confidence between congress and the presidency so nothing happens. stuart: we are going to take this argument forward somehow or other and appreciate you being with us today. check the big board. i call that pretty much dead flat. we are down, dead flat, we are up 0.93. as for the price of oil, that is moving around a lot but coming down over all. that is the trend. we may be up $0.12 a barrel but $40 a barrel is the price. the price of gasoline is beginning to come down.

it is not a plunge by any means but now we're down $2.73. a week ago, 10 days ago we were $2.77. a huge gain after hours made founder jeff bezos the world's fifth richest person overnight. that happened to him net worth went up about $8 billion as of right now. has 83 million amazon shares. not bad. >> he jumped ahead of larry ellison, the ceo of oracle, founded amazon in 1994, continues on a day like today to crank money by the second. stuart: amazon is bigger than walmart. >> can you believe that? the brick and mortar walmart. stuart: the world's largest retailer, brick and mortar, stores all over the world and now they are smaller in terms of the way the market is able to put a dollar number, smaller than amazon. >> sprawling warehouses to joy faster deliveries, jeff bezos

could buy 27 more washington posts, shelled out $250 million, who knows what he will do with this money, larry ellison and saw hawaiian islands, what is he going to do with that money? >> he is worth $49 billion. >> with the stock talk of $7 billion as reported, that stockpot he could buy more newspapers. >> you could buy a lot of things with that money and to what he does. we have new york state taking steps towards a $15 an hour minimum wage, seattle, san francisco, los angeles passed a $15 minimum wage law. joining me the seattle city council member who spearheaded the city's $15 minimum wage movement. thank you very much for joining us, we appreciate you being on the show. >> thank you for having me. >> what you have just done, you have legislated a higher wage, you have passed a bill saying give these workers, these

workers will have a higher wage. what that means is the voters have in fact voted themselves a pay raise and u-turn on its head the way we normally established wage levels. people voted for you because you are going to give them $15 an hour, you introduced politics into the middle of the market place. >> when you live in a world full of inequality and there is acute power differential between multi-billion as and the rest of us everything is politics, everything is political. inga just talking about jeff bezos making a billion dollars between last night and this morning. can anybody claim he'd $8 billion worth of work between last night and this morning? stuart: in america at -- we are not going to shout over top of each other so listen to me. we established wage levels in america by supply and demand of that labour, supply and demand

for and the skills and talents to the table. that is how we do it. that created the problem. >> supply and demand explains only a very small part of how prices and wages are decided. the primary determinant of wages, you said we won't talk over each other so let me finish. the primary determinant of wages is the fact that workers have so little power in society which is why wages have stagnated, productivity has skyrocketed. with the using fertility comes from a does not a date from jeff bezos and billionaires' like him, it comes from ordinary working people to go to work every day. microsoft world is not made by bill gates that the engineers and programmers who go to work everyday and the workers we are talking about are not lazy people as fox news would say. stuart: i don't do that. if you read the new york times

today you will read that several studies, dozens of studies, this is in the new york times, very left-wing newspaper, they say there are dozens of studies including one from the federal reserve and one from david newmarket the university of california that shows that when you raise the minimum wage there are fewer jobs. >> there is no such evidence. if you actually look at -- stuart: william walker of the federal reserve, david newmarket calif.. >> you can find out -- every study you can check out i can point out a hundred more studies that show raising the minimum wage does not, yes i can. there are lots of studies from the university of california berkeley that show actually raising the minimum wage is a good thing for the local economy, does not cause disaster. look at seattle. seattle raise the wage. is the sky falling? you will always hear chicken little stories that the reality is raising wages is good for the

economy, good for the people who work in the economy. at the end of the day this is about your vision for society. if you want a society where vast majority of people who go to work every day remain in poverty than you should not listen to me but if you want society where people go to work every day have a decent standard of living than raising the wages a really good thing. stuart: are you going to argue that in seattle or anyplace else that raises the minimum wage for fast-food workers to $15 an hour are you going to argue there will be more fast food workers? >> no. what i am arguing is all credible economic studies, i speak as an economist myself, credible studies have shown for decades, for decades of changes they have shown raising the minimum wage in metropolitan areas, in cities and counties does not have any statistical impact one way or another on jobs. in reality jobs growth and economic growth are macro economic variables that are determined by a larger economic phenomena.

if there was to be a double dip recession then yes, we would have massive loss of jobs but other than that raising the minimum wage in seattle or new york or chicago or kansas or anywhere does not have a detrimental impact on the economy. stuart: we are out of time but i want to tell you is that william walker at the federal reserve, well known economist says raising the minimum wage creates fewer jobs, same with david -- >> he should go back to the desk and look at economics again. stuart: this is in the new york times, it is not some right wing rapid newspaper, this is the new york times which today quotes those studies. they are credible economists. i am sorry we are out of time this >> they should be quoting studies that shows it has no negative impact. stuart: maybe they should quote something else. i don't know what. it was a good debate and we will have it some more.

we have some other headlines and we are watching them. lauren simonetti in case you missed them. >> you can order your groceries online and pick them up and amazons for, that is the new plan silicon valley business journals as amazon is working on in california kind of like a drive through concept, physical pickup spot would help amazon avoid the cost and complexity of delivering straight to your home and look at shares of 16%. as kids head back-to-school apple markets its new music service giving away free head phones if you buy a new ♪ but here's the catch. it must be 1/2, must be a teacher or school administrator engage in grades k-12 for an employee or student at a higher education institution. head phones are valued at $200 and commerce getting their new look. look at these pictures, the red, white, blue sneaker. and it original in the picture

and the inside of the new issues has a special kitchen at last lead these are more comfortable. they have a great materials. stuart: if you want to see more of loren tune in at 5:00 eastern time and you will see loren, sandra and nicole, bright and early, big smile, 5:00 a.m.. i don't know how they'd do it. three big corporate donors say they are not giving the dimes to planned parenthood after the undercover video executives discussing the sale of fetal parts. after that service three of them say no more money.

stuart: planned parenthood, the selling of fetal tissue, corporate not the. this week a list published of the 41 companies that directly fund planned parenthood. three companies have asked planned parenthood take us off

the list with coca-cola, ford, xerox, all of them said they were erroneously listed on the planned parenthood donor list. 38 other large corporations directly fund planned parenthood. what do we have on this? ashley: that list was published by another group who put it out and said these of the list of corporate donors to planned parenthood who took the list down but while it was at xerox, ford and coca-cola said we are not on that list but there are many others that were put out, bank of america, american express, this is going to result in a huge hit for planned parenthood's contributions. >> 25% of planned parenthood's budget comes from corporate donations. you watch companies running from scandals it is about their brand reputation and also acorn, the nonprofit that was advising prostitutes how to avoid taxes.

acorn went they corrupt after that scandal which involved an undercover video as well. stuart: they are in trouble. you want to add to that? >> another interesting story. the woman caught in that video says she was paid an extra $200,000 as an outside contractor in addition to the regular salary. stuart: she is employed by pant parenthood, gets a salary from them but made another $200,000 outside, from planned parenthood. we got it. thank you. let's get back to donald trump who is running as a republican but making a threat if he doesn't get the republican nomination he is hinting he could run up a third-party candidate. undersecretary of state james glassman, this is shades of ross perot, isn't it? in 1992 he got 19% of the vote

and that is the threat from donald trump that he will open the door to hillary clinton's election. what say you? >> i think the donald trump phenomenon is in large part reflection of how unhappy americans are with the two party system as it stands. bernie sanders is also a reflection of that. the problem is independents in america have zero chance of getting elected right now because there is a group called the commission on presidential debates that controls who goes into the fall final debate and they are excluding independents. the group i am part of is trying to open those debates to independent candidate. ross perot participated in 1992 but since then they have changed the rules, virtually impossible. stuart: if you are a conservative, republican or conservative, call yourself what you will, who in their right mind would vote for donald trump as a third-party candidate

knowing full well that if you vote for a third-party candidate you split the republican vote and hillary clinton walks into the white house? >> we are getting away far down the road. the election is not for another 15 months. we don't know who the democratic candidate is a republican candidate. stuart: a hammer to be of the republicans with. if you don't nominate me i will run as a third-party candidate. is that a credible threat? >> i don't think it is a credible threat currently because he is running as a republican. if he decided to change to independent he couldn't get into the final debate in the fall. that would be a tremendous problem for him. let me tell you what we are advocating and it might be something donald trump wants to participate in. i am not sure he could actually win it. that is a primary, national primary to select the one independent who would participate in those debate so there will be three candidates in the final debate.

donald trump can participate in that but i think that will draw a tremendous number of respectable, important, serious americans and it will create a lot of excitement. donald trump is a fringe candidate i doubt he could win in a larger group. stuart: i am sorry i am so short on time. we will be back soon, thanks very much. big technology, big money, noticed something? they are all american. the innovators. my take on that is next.

stuart: oh oh, see that decline? biogen has cut its profit and revenue outlook, reporting

disappointing sales growth, but the biggest loser in the s and p 500, down 16% but look at visa. profit up 25% and that stock is at an all-time high, the biggest gainer in the dow. oh what a glorious time for technology. american technology. throughout this year we have concentrated on four companies, google, netflix, facebook and amazon, throwing apples for good measure and you have the most important companies in the world. day shaped the way we live and let's not forget the up and comers, uber and air bnb. they are all-american. founded here, developed here, the innovation started here. this is a wonderful thing. our government doesn't work but our technology companies are world leaders. to the left, however, all of this innovation is a problem. it disrupts the established

patterns of life. look at hillary clinton and new york mayor bill deblasio desperately trying to rein in uber. senator bernie sanders doesn't know what to do with technology billionaires' except taxed until they beat and president obama is still trying to get his pals in silicon valley to bring their money back to high tax america. don't get me started on the europeans. they want to protect their own museum for heaven's sake. for a moment forget the left. why don't we celebrate and encourage our homegrown success? our society has plenty to moan about, racial division, massive debt and a socialist mentality from the top down but when it comes to the things that take up a big part of our lives america is a world beater. europe and asia, read these names, google con apple, netflix, amazon, face book, read command week.

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.

stuart: it is friday morning, dow industrials are down 41 points but look at that, 17,600 level. look at the price of oil, $48 a barrel as we speak and going down and that is beginning to bring down the price of gasoline. 0 weep for two ago we were up $2.77, national averages them to dollars and $0.73 and beginning to fall about $0.01 a day. let's get to hillary clinton, the front runner for the democrat nomination, she wants to raise capital gains taxes on wealthy people. joining us now is pete schneider. this is another move to the left, i think. what do you make of it? >> continues to have problems with her trustworthiness in the polls. there's not a lot of enthusiasm in democratic circles for bernie sanders, actually gaining steam

out there. she is looking over her shoulder and elizabeth warren. that is what it is. stuart: the serious issue when we talk about hillary clinton is the fact that she could, repeat could face criminal charges related to her personal e-mails and the using of a private server during her term as secretary of state. the word criminal jumps out at you. because that changes the whole ballgame if there was indeed a criminal investigation. is that correct? >> it absolutely does. of all sources this is from the new york times and the new york times change their headline, tried to soften the story a little bit but they are standing by it. hillary clinton, really airbase, the new york times and college readers. stuart: i can't remember a series presidential contender involved in a criminal investigation during the campaign. this is kind of unique territory.

>> the clintons of always been pioneers. they have always laid new ground on what they are going to burn the american people and voters through. the problem for hillary clinton is less the criminal charges and all that stuff, they end up coming got the really the malaise in the democratic party. the folks who fell in love with barack obama in 2008 couldn't stand hillary clinton. they wanted to change the channel, turner new chapter and these of the folks she can rely on to get her over the finish line. i don't think they will be there for read the end of the day. stuart: i am pretty sure she is going to be the democrat nominee. >> absolutely but the enthusiasm just isn't there. this is an arranged marriage between the clinton family and the obamas and i got to tell you the people who need to do the hard work which are the voters and volunteers won't be as fired up as they were in 2008 and that is a problem.

stuart: when you have a look of lee on your face. >> not at all. this is a sad day and a sad chapter for america. stuart: let's concentrate on american technology instead. welcome to the program, we do appreciate it, see you again. let's look at amazon. you want to see something positive? opened at a record high, 20% over last year and the stock is up $77, $5.59. look who is here, michael pen0, stock watcher and i think he is a big negative on amazon. are you a communist or something? you are going to short the stock? >> not a libertarian ed thank you for letting america so much. we love you for it. don't you think this market is -- look at amazon for a second. they earned 19 lousy penneys and

the stock shot up $100 so on $92 million profit sent the value of the company up $40,000,000,000. does that make sense to you? of great company, very innovative but we are in bubble territory and these stocks will crash, we are headed for crash very soon. >> i you extending that to the other big 4 technology companies which follow that? >> i like google. i like apple much better than i do netflix and amazon and i tell you one thing, the 2000, 2008, high-flying stocks got crushed and they will get crushed again. i love you again, you are off track, you are ignoring what is going on with china, that economy is collapsing. look what is going on with commodity prices across the globe, transportation stocks, the dow firmly down, the isn't

you will be down probably in a week or two and the nasdaq next to follow. you have to be cautious because there's no growth anywhere on the planet. we are debt disabled world. stuart: i do this and suddenly i mr. varney. a lot of our viewers, we held our viewers this year, looking very closely at those four wonderful technology stocks. are you telling them if you own any of those four stock seldom? >> if i own amazon i would hit it right now aggressively, get out of amazon but like i said $40,000,000,000 increase in value plus $90 million profit? does that make sense to you or anybody else on the panel? stuart: the stock market looks to the future. it looks worse industries and companies which dominate an entire sector of life. >> amazon is trading, mr.

pardee, amazon is trading at 25 times book value. it is an online realtor. walmart has an online presence. jet is a competitor of amazon. why do we think this stock is worth 25 times book value? do you think you should take some profit given the global growth is slowing dramatically? stuart: you make a very good point and i think a lot of our viewers are listening to you very seriously but you have absolutely spoiled the party. >> i am one of the few people on the program, i was on the show, i have been in the media since 2007, i was short stocks then, went along in 2009. i have been out of the market, 50% cash since october of 2014. i said watch out below and i think i am going to be right. others in goals, commodities got crushed along with gold but if you own gold and cash and you should be very happy view of the asset classes because those the only two that will be a

long-term winner. stuart: we you and that serious analysis and we appreciate it. thank you very much indeed. what do you think? >> bummer. >> of bubble, slated for good earnings. >> is an enormous temptation. if you own one of these stocks and they have gone to the moon shrewdly an enormous temptation today to sell it, walk away, sleep, take the money, you don't have to pay tax until april of next year. >> how much was lost being out of the market? >> we can juggle things around. >> understand what he is saying that there's a bubble in individual stocks. stuart: i got to get this in. just crossing the news wire now the department of transportation is looking into airline price gouging after may's amtrak derailment. the amtrak train was derailed on may 12th and the department of

transportation says those airlines doubt passengers. ashley: they got complaints from consumers who said the northeast corridor was shut down as a result of the train derailment and they believe the airline started to doubt them by charging high prices to get last-minute tickets to get places within the northeast, looking at delta, american, united, southwest, jetblue. they're looking into it, if this is the case that is very seriously stuart: they should look into the old idea of airlines acting as a semi monopoly, five major carriers. ashley: prices are incredibly high. despite lowering costs across-the-board. lack of capacity. dagen: locale amtrak dominates the west coast in certain markets. stuart: capitalism is not supposed to work like that. it incurred higher profits so other people come in to the business and compete and prices come down. dagen: western states.

stuart: is not true. airlines are different business. they cut back capacity to shrink the number of see generally five of them. they get to control routes which means they control, monopolizes their roots in the system. i am not sure you can do anything about it. let's get to the sector report. we do this every day at this time. american tech is king. here are the big names that you know. amazon, facebook, netflix, apple, google, not so much movement apart from amazon leech is the lofty values they have achieved over the past one calendar year. it is extraordinary. that is our sector report for today, a good one. donald trump makes his big trip to the border, has a run in with a reporter and we will tell you what got him so fired up after this. >> i want to thank you, you are finished. you have obviously been -- 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?

nicole: i am nicole petallides, lower across the board but certain stocks surging on ratings season and take a look at amazon, that is the stock of the day everybody on wall street is talking about. it is at $74, $5.56 and you contain, the starbucks, pandora, juniper all doing great today. so a great day for amazon and so many of his many of which are

hitting lifetime highs. the great indication of home builders dropped on weaker than expected new home sales, airlines, american and spirit reported better than expected profit and talking so much about airlines today, price gouging possibilities, we are looking down 2% each and right here, fox business, posted by sandra smith, lauren simonetti. running my own shop has been brutal. but then i got a domain and built my website all at godaddy. now i look so professional i just got my first customer who isn't related to me. get a domain website and email starting at $1/month all at godaddy.

stuart: nasa announcing one of their biggest discoveries yet, the kepler telescope find another earth like planet. nasa says it is about twice the size of the earth, close enough to a star like our son to have liquid water, it likely has an atmosphere. space.com says it could have the right conditions to support life. >> there's a goldilocks zone if you will around the star where liquid water like our ocean, on earth where you have what you have a life. it is a guiding light for nasa. this planet is in the middle zone of that goal the locks at zone. looks like it could have water, looks like it is rocky. stuart: we should be clear however, you are not going to go there.

is a very long trip. the planet is 1400 light years away from earth. liz: gravity is twice what we have here. stuart: unless you can travel faster than the speed of light. you can do that and einstein says you can't do that if you can you can be there in no time. liz: would you go? stuart: i think i would. i-man adventures kind of guy in many ways. the house passed a bill that would punish sanctuary cities the shielding illegal immigrants from deportation. if those cities don't cooperate they could be blocked from receiving federal money. no surprise here, president obama threatening to veto it. congressman darrell issa, forgive me for introducing a different subject at the top but this is a breaking story. hillary clinton is facing possibly criminal investigation. the word criminal just jumps right out at you. what do you make of this? >> it is appropriate.

what isn't appropriate for this to be referred to under secretary kennedy at the center of the benghazi cover-up, the person responsible for not having the protection going to the ambassador needed to keep him alive. more importantly a few send this to the justice department unless it is too a special prosecutor who really can get outside this obama machine, the fact is it will be nothing and it will go away and that will be a problem so can we get a special prosecutor? out of the state department undersecretary who is part of the cover-up and get an opportunity to see classified documents in the wrong doing in the state department head, i hope so. stuart: if we did have a special prosecutor that prosecutor would not report for a year or something so you might postpone this until after the election, any which way doesn't look like

is going to go forward with any real meaning. >> two inspectors general who were concerned with the wrongdoing of hillary clinton and reached a decision that there is enough for a criminal referral these are executive branch points appointed by the president, confirmed by the senate, people who already reached that point that should concern but american people. will hillary clinton come clean? can we get of forensic dive, will she had herself held accountable for saying she knows about classified material and didn't send them when in fact they were found on her computer and being withheld in the benghazi committee by the state department has classified information, nothing could be more smoking gun than that. stuart: back to sanctuary cities, house passed the bill that said if they don't enforce

detaining laws, they don't enforce that, they lose federal money. the president says he will veto it if it passes through congress. this is something that looks like a lot of fire but not going to happen in the long run. >> this is a very principled vote and i know the joke crowley and other democrats say it fixes a problem that isn't there. they should talk to the families in san francisco and around the country of seeing their loved ones killed by people who were already previously criminals and previously deported. in this case in your lead at you said it is a punishment. we reward cities with grant money to do just this job and under this bill we are saying we are going to stop sending money to reward law enforcement in fact they are not able to do their job. why should you pay for something you are not getting? much more simple than that. stuart: do you think the whole immigration issue which i think used to favor democrats is

beginning to favor republicans? do you think that? >> if you have 11 million undocumented immigrants what they represent, the communities they primarily living is an expansion of the number of democrats who have safe districts. even if they don't vote they are counted in the census and become part of that number so it does favor democrats but that is not the point. the point in this law yesterday is all about making communities safer including undocumented immigrants. the challenge is we are talking about criminals previously deported, talking about trying to make a community save the has both the land known legal residents and that is a much more basic and i would hope that people in poor neighborhoods and hispanic and minority neighborhoods would realize that enabling their communities to be safer should not be a republican/democrat thing, the president should sign this and he should do more. sanctuary cities used to be about not asking about where somebody came from if they were

reporting a crime. now is about letting criminals back out to commit crimes. we have got to be strong on this. this is an area where the president needs to back down and help make these communities safer for all presidents. stuart: congressman darrell issa, thanks for joining us, we appreciate it. spending most of our day watching the great stock of the day, amazon is a $75 per share. much more on varney after this. push your enterprise and you can move the world. but to get from the old way to the new you'll need the right it infrastructure. from a partner who knows how to make your enterprise more agile, borderless and secure. hp helps business move on all the possibilities of today. and stay ready for everything that is still to come.

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.

in the 5 new reports of a criminal investigation into hillary clinton's use of her personal e-mail service. let's go to peter barnes in d.c. for this story. >> the department of justice has confirmed it received what it is calling a criminal referral into the possible mishandling of hillary clinton's e-mails when she does secretary of state which comes as the new york times and the wall street journal reporter e-mail account on her personal server contain hundreds of potentially classify e-mail. clinton says she called inappropriate practices and any released female plants deemed

classified ibm administration have been done so after the fact and not at the time they were transmitted. ashley: peter barnes in washington. liz: of full two hours of "varney and company" in the books. here are the highlights. we have more varney just read to minutes away. don't go away. >> they put it back on the market, that is not earned income, that is an investment, they should pay less tax on that. if you can't keep killing the golden goose, the pretenders and pay more than half of the total federal taxes. the upper 1% pay 23% of all the taxes so you will keep those people of their won't be anything left to tax. >> this is the holy grail, looking 04 it -- finding another earth for something that is similar to what we see around us now has been a focal point of this nasa mission, kepler mission, now they are saying they found the best one yet. is almost exactly like our set up the we have. 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. usaa makes me feel like i'm a car buying expert in no time at all. there was no stress. it was in and out. if i buy a car through usaa, i know i'm getting a fair price. we realized, okay, this not only could be convenient we could save a lot of money. i was like, wow, if i could save this much, then i could actually maybe upgrade a little bit. and it was just easy. usaa, they just really make sure that you're well taken care of. usaa car buying service. powered by truecar. online and on the usaa app.

stuart: i have lived and worked in the following countries for six months or more. england, australia, kenya, india, hong kong and the united states. i have watched groups of people, sometimes very different from each other, living together. here is my conclusion. what i thought the great american middle lives in harmony even though it is extraordinarily diverse. what does all that mean? it means this. the middle class here is a real mix. played by the rules of middle america and you are in. or race, religion, gender, sexual preference don't matter. it is not a homogenous group, it is an extremely diverse group and getting more diverse by the day and the most important point here, this diverse group lives relatively harmonious lee. that is the genius of america. we bring together people from all over and they can climb the tree to the promised land of the

middle-class. it is a wonderful place to be and to aspire to. that is the american reality and i have lived it. conventional wisdom today is that america is a racist society and american dream is all but dead. having lived and worked all over the world by holding different opinion. i love this diversity and i am enjoying the harmony. in my family, my family, there are two religions, three races and four nationalities. we love it. at we are staying. ♪ stuart: the investigation by the transportation department to do airline price gouging. in the wake of a deadly amtrak derailment in may, transportation secretary says the government is looking at whether the airlines which are

delta, american, united, southwest and jetblue raise their air fares beyond what you would normally expect so they were gouging after the rail rhine, that was the allegation. my take which i hope you just heard, americans are holding a negative view on the state of race relations. according to the new york times cbs poll 57% say race relations in the united states are bad. i am joined by best-selling author and coulter, good to see. i am going to quote from cbs, barack obama's presidency has not united the whites and blacks, you are laughing because it is not news to you but that is from cbs. how about that? >> this was covered in my book, two books back mud, racial demagoguery from the 70s to obama and my thesis completely

approved by recent events was for decades the left patronize blacks in america, over every little thing they did, lending race riot after race riot and justin disaster for the black community and the best thing that ever happened to black americans was the o.j. verdict because white america was so shocked to see so many black people cheering it a verdict that pretty much all white people thought was wrong, a guilty man was going free but that ended white guilt in america and that subway car didn't open the turnstile anymore and they were treated like adults and suddenly you had this flowering of genuine black intellectuals who were always there but we never saw the monte they before, it was of wonderful best period of race relations, in the last 50 years or so, from the o.j. verdict until around

midway through the obama administration and liberals realize i don't blame obama so much but i blame him little bit but liberals realize we got to start the white guilt thing going again and black people to vote for the first black president and vote for him again, accused republicans of racism here and there and not hold blacks responsible for things like ferguson and baltimore and that led to the disaster we are living in now, we're right back into david think maps new york except it is throughout the country. stuart: i don't know if you had a chance to listen to what i said. i did an editorial about race and i am saying the great american middle is not a racist place at all. it is extraordinarily diverse and relatively harmonious. that is what i found as a guy with a multiracial family. i think we fit right in. where am i wrong? if race relations are getting much much worse where am i so wrong saying the great american

middle is harmonious? >> i think you are beginning to be wrong on that. i am glad to have you here but, by and large what you describe was absolutely 100% accurate from 1600 until 1970. we really weren't bringing in races from all of the country. was a pretty homogeneous country. it was by racial. it wasn't a diverse. it was always 80% or 90% white, 10% to 20% black at having enough trouble with that must diversity, in the 70s democrats start winning election as they were dumping the poorest of the 4, cultures that are vastly different from our own on a lot of middle-class communities and it tends not to be people like you who you will notice because you don't live in up particularly middle-class community, it is the middle

class bearing cost. stuart: you come to america, you want them to climb the food chain. non racist environment. that is my experience. >> america is a very non racist country but we are at getting racism in reverse. you would think with everything that has gone on in ferguson and baltimore, you would think a lot of the newcomers, the immigrants would look around, why is one group of people treated like children in america, and some phony story about hands up don't shoot but instead of oh gosh an awful lot of barco's 1970 immigrants seem to be saying we are black too, we are going to go around and charge white america with our grievances and we have a list of some here.

look at the muslim who shot up five american service to last week, his yearbook quote was my name mohammad abdul or whenever, 9 main causes national security alerts. what does your name cause? screw you, mohammad. you should be happy to be here. stuart: we did hear that. now then, did i just c.s. green clip from you in a movie, sharknado iii? you play the vice president of the united states and mark cuban, you're making a movie debut now? >> yes i am and i don't want to brag but there are whiskers of oscars in the air. stuart: there you go. is that a shark coming down the stairs? yes. sharknado iii.

good luck with -- >> it is not a bear attack. stuart: i am not sure i am going to watch the movie but i do like the books. thanks a lot. check the dow jones industrial average, lows for the session right now, we're down how many points, don't have the big board up properly, 60 or 70 but we are down 74 points 17,667. tripp adviser profit disappointed by strong dollar, look what happens when you disappoint, dow down 12%. biogen cut its output, don't do that, biggest loser on the s&p 500 down $65. look at visa, higher profits stock has hit an all-time high up $3, 75, biggest gainer of the dow 30. look at oil, it touched $47 a barrel earlier now is $40.23, slightly lower almost every day, so too with gas, just about a

penny a, almost a penny overnight, $2.73 is your national average. let's get to amazon getting all the attention rightly so. it showed profitability and online retailer is worth more than walmart. look who is here, charles payne. charles: i wanted to jump in. i agree with you more. i know we're here for stocks but i agree with you more than her. a couple times a week my shows ends it 7:00, my wife doesn't like to eat after 7:00 so a couple times a week i will stop at five guys and always struck at a harmonious interracial people sitting at tables. last night asians and whites, blacks and asians, whites and hispanics, this'll the 57% is older people, hulk hogan use the n word, that is older americans,

holding in these things, they tie with dennis but i don't think that is young america. my son is 18. i don't think that is him. that is older americans. >> i agree with you 100%. i am older than the teenagers you are talking about but i have to say racism doesn't coming to the intergenerational thought process. they don't see the world in black and white. it is the older generation. charles: when we try to influence them or they are influenced and disagree with respect and obama has taken more responsibility for this but obama and the naacp and others looked around at his election and could have been an infection point but might have lost their power base, fear, anger come animosity, how does al sharpton make 50 visits to the white house, president obama made a critical mistake early on which hurts me more than anything he has done, he could have changed the black community tremendously, he did not. the that black people down, he let america down and it breaks

my heart. profits on amazon this morning. i am a little antsy about this market. amazon, net -- netflix, facebook, locked in this morning, and gold pro this morning, biogen getting latched pretty good but got to hold onto it. this market we see every day, open up higher and give it back, this might be point it starts to pull back, these great names, fantastic moves underscore affect the great american companies are worth being long in when the opportunities -- ashley: are you getting clients to sell? charles: at one point this week, alerts on big names we talked about, mind-boggling moves, let's bank this money. is not an indictment of these companies as much as acknowledging the overall market. liz: -- stuart: i will break away from stocks for a second. earlier today, last hour in fact

i debated this seattle city council member responsible for the $15 minimum wage. listen to this. dozens of others in the new york times. >> ashley: said you point out i can point out hundred more studies that show that raising the minimum wage does not, yes i can. there are lots of studies, the university of california in berkeley is the show actually raising the minimum wage is good for the local economy. stuart: the idea was if you raise the minimum wage you gain jobs or lose jobs. i quoted william walker at the federal reserve. you lose jobs. davidmarket the university of california you lose jobs and in your times as there are dozens of other studies which show the same thing. raise the wage, fewer jobs. charles: you could have quoted p. jones from your local exxon mobile gas station too. this is not big-time economics, this is common sense. what i thought was interesting

because i watched this was she was talking with seattle in the backdrop. we have $15, hasn't hurt us. what you talking about? worth $7 billion, headquarters in seattle. starbucks at all time, that is helping you, not 15 minimum-wage let's not conflate the two and -- stuart: when she is buying votes, vote for me. charles: when you raise it small businesses get hurt and small businesses raise prices and get to get hurt, but for consumers. by the way three people in a home working two and paying higher prices, double when the. stuart: thanks a lot. charlie gasparino has some inside information on hillary's plan to raise capital gains taxes. why she needs a wall street scapegoat, charlie's story next.

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.

stuart: later this afternoon hillary clinton will lay out her

plan to tax the rich even more by raising the capital gains tax rate on wealthy people. charlie gasparino is here. more than raising wages. charles: every democratic candidate particularly presidential candidate needs a wall street bogeyman. hillary clinton has found goldman sachs, a private equity, campaign contributors, keep from activist investing, people like carl icahn, dan lowe. that is what this is about. she would talk about activism and say if they are in it for the short-term gain and the short-term gain is essentially hurting the economy. is one of the biggest bunches of weil most said it, nonsense i ever heard come out of the series, but series in quotes, candidate's mouth about the economy. this economy and markets one of the least problematic things, carl icahn, these other guys did

push companies to return capital value to shareholders. stuart: she wants the ftc to change the rules. >> you attack them, capital gains tax, make it more advantageous as opposed to getting in and out of stocks. who else, the sec, you have to see her proposals that there is some proposal in here about something. stuart: what she thinks is the moral high ground. jeff bezos makes $8 billion overnight, that is outrageous. >> talk about executive compensation. this is a gimmick. i am telling you this is a gimmick, the least problematic people, the average american has to worry about is carl icahn, he is doing nothing to the average american but she looks at polls and says okay, i need a wall street bogeyman. i can't go after lloyd blankfein of goldman sachs, he paid me billions of dollars. i can't go after black stone, the private equity firm because

tony james is one of the biggest contributors to democratic candidates, a big-league at blackstone, what do i do? i can go after floor traders because there aren't any so activist investing and most of the mark conservative anyway. stuart: it could be successful as a political ploy. i am out of time, got to go. the house passed legislation denying some federal funds to sanctuary cities. my next guest was one of lee six house democrats who voted for the bill. welcome, henry, you are hispanic, 90% of your district is hispanic and you voted to rein in federal funds to some sanctuary cities. why did you vote that way? >> first of all i believe in immigration reform. we need immigration reform, we need to follow the laws that are on the books right now.

and people deport them. i don't want criminals to stay in the united states, we should deport those individuals. stuart: that is the point of view of most hispanics in america today? get rid of them? >> one of the reasons my colleagues have dishes, i do understand that. wanted to focus on the felons. i don't want to -- to be deported. there are threats to security, national security, and public safety, they should be deported right away. stuart: we hear you. i want to bring up the percentage of donald trump in your district in the border. let me play something that he said. roll tape. >> such a great relationship

with hispanics and interestingly in nevada for those who haven't heard, and i am leading in the poll by a landslide with hispanics which is a great honor for me. stuart: not a terribly reliable poll was taken in nevada but he did say very popular with hispanics. you are a hispanic congressman. what do you say? >> i don't know what he's talking about quite honestly. if you were to reach out to the hispanic population you don't say a lot of those folks coming from mexico are rapists, murderers, bad people. my father came over and denaturalized legal resident and naturalized citizen and now his son out of eight kids is a u.s. congressman. one of the federal judges born in mexico is now a federal judge in laredo. you just can't generalize people. anytime you generalize people you run into the danger of

offending people. stuart: democrat, texas, thanks for joining us, appreciate it. coming up on coast-to-coast, neal has exclusive interview with republican presidential candidate john kasich. that will be noon eastern with neil on this program today. alarming new documents on the senior faa official knowingly breaking the law. the latest twist in a fox business exclusive, wait till you hear this one.

♪ ♪ ♪ 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.

stuart: explosive new documents reveal the faa is quote, knowingly and willingly breaking the law and that senior officials are aware of it. adam shapiro is running with story. the latest twist, please. >> it's very simple. this has to do with overtime abuse and wage abuse involving the contracts which govern the air traffic controllers or the national air traffic controllers association. from the documents that fox business obtained, and this was from the house transportation and infrastructure committee quote: the faa is currently committing a fraud against the department of transportation, the office of personnel management and congress by knowingly, willingly and intentionally underreporting the amount of official time granting to representatives. official time is legal. you can work as a federal employee on union business,

taxpayers pay you to do union business, but it has to be negotiated. and what these documents indicate is this is being abused terribly and they're not reporting accurately the hours. stuart: one more scandal one more development within the overall scandal that you've dug up. >> it is unbelievable, and the faa has refused to respond to us but actually michael huerta, the faa administrator, was forced to respond to our report by another reporter. he's in oshkosh, wisconsin, at the experimental aircraft association. he said, oh, i disagree. well tell that to i can't think. stuart: adam well done. you dug into this and got it. thanks very much. now this, movie star julia roberts putting her west village apartment up for sale, it is a penaltyhouse. cheryl casone knows this property. >> i do. well, it's all about the terraces for this unit. it's only a three bedroom. it's actually, if you look at the interior of it, it's not that great for the price which

is $4.5 million in this particular neighborhood. it's only about 2,000 square feet, it's got three bedrooms three bathrooms. it's about two levels. there's one extra -- you know, they've done some work on the kitchen and everything. it's a pet-friendly building, it's a large building as you can see. [laughter] i mean, i want to be excited because it's julia roberts' truth is she's selling one of her hawaii homes, has two, and she's got a place over in tribeca. it's all about the terraces. stuart: wait a minute. i'm reading between the lines by looking at your face. you are turning your name up at the price. >> i'm not wowed by this apartment, and i understand, you know it's julia roberts' home, but that shouldn't sway anybody to spend $4.5 million on it, for 2,000 square feet? stuart: you don't have to have an argument with the bryce or the terraces -- price or the terraces. you don't like the taste in the furniture, do you?

>> i'm underwhelmed by the work they've done on the apartment. the window frames, i pick apart things like this. the air-conditioning unit? air-conditioning units? central air, julia. $20,000. why not do that? i'm sorry. stuart: i think that really puts -- >> wow. [laughter] >> i mean, for $4.5 million you're going to have air-conditioning units about those kind of older window frames? stuart: that's what got me, the air-conditioning -- [laughter] >> i mean, 92 degrees earlier this week. it's a blessing she had ac. >> right. stuart: thanks, cheryl. >> sure. [inaudible conversations] stuart: amazon making a ton of money and all the good news just made ceo and founder jeff bezos about $7 billion richer. the stock is up, as you can see. back in a moment. and john kasich, he joins fox business. neil cavuto 12 noon today.

♪ if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. share your summer moments in your mercedes-benz with us.

stuart: the dow jones industrial average this friday is down 65 points at this hour, 17,666. ah, but look at visa. higher profits, and that stock hit an all-time high. biggest gainer of all the dow 30.

look at the price of oil to, $48 now, it touched $47 a little earlier today and that's bringing down the price of gasoline ever so gradually, down a penny overnight at $2.73. two developments on hillary. number one, she's taken a hard left turn she wants to tax wealthy people more on their capital gains. number two, there may be -- or at least there is talk of -- a criminal investigation into a use of personal e-mails while secretary of state. i'll make a prediction for you hillary will be the democrat nominee despite all of these problems. fox news contributor and radio host leslie marshall. wait a second, will you disagree with me? because hillary's taken a sharp left turn, my opinion, sharp left turn. she's got all these investigations, all this scandal. i still say she wins the nomination, and you say what? >> i say i agree with you, thank you, stuart i'm going to have a cup of coffee now. [laughter] just joking. no, i do. i do agree with you 100%, and i

think she would have been the nominee even if she hadn't taken, as you call it, a sharp left turn. and i don't think it's that sharp a left turn. i think it's, although contrary to some of the things her husband did as president with regard to capital gains it does keep in line with things democrats talk about inequality, she's going to increase taxes on herself if she increases taxes on capital gains. stuart: let's take it beyond the nomination. now take it further. can she win the white house on her current positions? her positions are a new entitlement program, pre-k for everybody tax the rich. i don't know what she's going to do about this she wants the trade deal. i think she's probably in favor of the nuke deal. can she win on that kind of platform if she gets a solid republican opponent not donald trump? >> yes.

and the short answer is yes. here's the reason why. when we just look at the numbers, you know, in the polls of the voters of those who are registered to vote the democrats support largely, as i do the same not just ideology, but the plan of attack, if you will, economically. and those on the right who don't support this, who are not hillary clinton supporters and would not have voted for her anyway. so what do we look at -- stuart: hold on a second. >> do matter these dependents in the -- independents in the center. stuart: it looks to me like there's a choice. more distribution just like president obama, hillary clinton redistribute in the name of fairness versus growth. grow the economy let's get back to prosperity for everybody for the overall economy. seems to me that is the choice. you're saying that the people at the moment would choose fairness, redistribution more barack obama? i'm saying you're dead wrong. i think america wants to return to prosperity and the way to do that is not with more

government. it is with growth and tax cuts. i'm saying the people will prefer that. >> and i disagree. i think it depends on the person's position. for example, when you look at capital gains among most in the middle class in america, well, where do they put their money for their investments with stocks and bonds? they put them into ira tax shelters, so they're not going to be affected by an increase in capital gains taxes. in addition to that, obviously there are those on the left with who disagree with how you feel the economy should grow, and more people are unhappy with the disparity in wages, that gap in income between rich and poor, and i think that's going to hit those people in the middle who are going to make a huge difference and i think, will determine the outcome in the next election as to who is president. and i think that is why hillary clinton could win with her current policies and what she will bring forth in the future. stuart: okay. we'll leave it right there. hillary clinton wins the white house in 2016, so says leslie

marshall. come back again soon, and we'll discuss it again. thank you, leslie, appreciate it. things got heated between donald trump and a reporter at the border yesterday. listen to this. >> you're with telemundo and telemundo should be ashamed. and i'll tell you something, what's really going to be fun? i'm right now suing univision for $500 million -- [cheers and applause] we're going to win a lot of money because of what they did. so i want to just again i want to thank you -- >> i'm not finished. >> no, no you're finished. [laughter] stuart: well, that's one way of dealing with him. cheryl, you interviewed him. >> and he and i did not have that kind of exchange, but this is the second time he got into a fight with a reporter. she tried to grab him with me when i was with mr. trump two weeks ago. the reporters are being very aggressive with him very angry. and i find it's interesting, they're going in with their own

agendas. shocking that the liberal media would have an agenda in going after the gop presidential candidate who is saying a lot of things voters seem to be agree with. stuart: what do you think of his putdown of that reporter yesterday? >> i don't have a problem with it because i had to work side by side with some of these reporters two weeks ago, and you know what? we do cross the line. some of my colleagues have crossed the line. >> he said you're finished because prior to that the reporter said but, mr. trump, i'm not finished with my question and he fired back, you're finished. so it sounds like your career is finished when you take it like that, but he was responding to -- stuart: i think people like to see politicians treat the media like that. >> you know what? we're there to report the story, and not all of us are going after blood and some of them were. and you know what? i kind of didn't blame him for going after the media on that one. stuart: okay. everybody, take a look at

amazon. we're following this thing very very closely, shares at an all-time high. john layfield joining us from i think you're in bermuda yet again. >> oh. >> john, really? stuart: some of the people on this program today have said it's time to unload a little of your facebook, your amazon, your netflix and google because they've flown so high. would you take a little money off the table in those four stocks at the moment? >> yes. i heard charles payne's comments earlier, and i agree with him. i'm not sure about google, that's the one stock i might keep. it went up to 672, and it pulled back to 630. i think that's what you're going to see with amazon. flow tech yesterday earnings came out, it was 35% up. it was a lot of short covering. i sold about half my position in it. i think that's what i would recommend if people own amazon or facebook. these are awesome companies, and this has nothing to do with the underlying fundamentals, but i think the stock price has got ahead of the companies. stuart: the trouble is if you

want an ongoing portfolio, an investment portfolio going forward for a long period of time you really should -- i think you can make the case that you should be in one or two of these stocks for the rest of your life or for the rest -- the duration of your investment period. i mean you're not going to argue with that, are you? >> no, i am not. and i'm ashamed to say i'm 50% cash right now. i just haven't found a good deal that i felt comfortable with, and i should have been in some of these big tech names. it's been a horrible mistake that i made. i think if you're in them right now, you can pull back, maybe buy a little more on the pullback, or if you're not in them, wait for the pullback. stuart: american high technology stocks are simply incredible and have been for several years. john layfield be, back to the beach. go enjoy yourself. [laughter] >> that's why john's always so happy. hey, look at me, i'm at the beach. stuart: he's got a suntan. >> all year long. stuart: are you still there?

he's still in that studio. he will not go. [laughter] there you go. [laughter] >> look at him. stuart: up next an injectable cholesterol drug facing an if pda panel today. doc segal be next. 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?

♪ ♪ >> i'm nicole petallides with your fox business brief. it's mostly down arrows across the board, the dow's down 71 points, the s&p down 7.5 the

nasdaq down 3 points. utilities, transportation higher, but mostly red as we look at gold and gold stockings. gold right now is 1084 troy ounces and hovering around lows we haven't seen since 2010 moving down to new lows. newmont mining coming under pressure. we do have a big deal reshaping the health care industry anthem buying cigna. we've talked about this, it's coming to fruition. $54.2 billion deal, both stocks have down arrows cig that down nearly 5% right now. fcc approval for at&t's purchase of directv, both of those have up arrows. start all the news you need right here on fox business, five a.m. you focus on making great burgers, or building the best houses in town. or becoming the next highly-unlikely dotcom superstar. and us, we'll be right there with you helping with

the questions you need answered to get your brand new business started. we're legalzoom and we've already partnered with over a million new business owners to do just that. check us out today to see how you can become one of them. legalzoom. legal help is here.

stuart: a new cholesterol drug could be approved by the fda today. it is an injectable and is said to lower your bad cholesterol more than the common staten treatment. if lipitor isn't working for me and it doesn't work for some people switch to this drug? inject it, and it works better? does it? >> absolutely. a big study in the new england journal of medicine showed for people who were failing staten drugs if you give this shot, not only did their cholesterol go down, but their risk of heart

attacks and heart problems also went down. so this is a big deal. it will be approved today, my opinion. very expensive. stuart: okay, now you take one injection, and how long does that last? >> several days and then you need another one. stuart: now you say it's very expensive. any idea how much per shot roughly? >> several hundred dollars per shot. but, again, insurance will absorb this, my prediction, because they're going to have to cover this. but it will increase health care costs in the united states by billions of dollars. stuart: dramatically. >> if it becomes commonly used. but, of course, a heart attack increases health care costs as well. so it's a question, it's a cost benefit analysis. ultimately, i'd rather have this drug than the cost of a heart attack. stuart: okay. so you think this is a good thing it's expensive and it will raise the cost of medical care but you like it, and it works. >> many many many people can't tolerate the statin drugs at all. if you're at a high risk for heart attack, it's a targeted

antibody. targets something on the surface of a cholesterol molecule. this is very well tolerated except for the shot i like it. stuart: okay. next one, the european union has approved a malaria vaccine. it's the first vaccine for malaria ever, period. right? >> this is really really important. they've been working on this for 30 years, billions of dollars have gone into marketing this. into creating this. gsk has this drug. 200 million cases of malaria a year 500,000 deaths, most of them in sub-saharan africa. 90% of them, almost all of them are kids under the age of 5 years old. this vaccine works about 40% of the time so out of 100 kids it's going to save 40 out of 100. that's a big deal. stuart: you try to inoculate as many as you can knowing that 40% will have a good effect they'll be immune to malaria if you do

that. >> and it's going to happen. i interviewed them this morning, they told me they're developing another one for travelers. when we talk about vaccines we want a 95% effect. we don't want 40%, but this is the first vaccine ever against a parasite, so i'll take 40% at this time. especially since the only side effects are things like my arm hurts or i have a fever. stuart: bill gates has done a great deal of work in africa combating malaria. do you think he could be tapped for the money to pay for this? >> he is. i know the answer. see, i know the answer of every question -- [laughter] the bill and melinda gates foundation is involved in the development of this vaccine. they partly funded it. stuart: okay. maybe they'll partly fund the distribution of the vaccine and the inoculations throughout africa, maybe? >> i think for sure and i think this is a big deal for gsk. >> just one quick question, because i have high cholesterol, so i'm intrigued by the injection. you said every couple of days?

>> do you have malaria too? >> no, i don't. but do you have to do the injection? >> that's the problem with it you have to learn how to inject yourself. >> every few days. >> it's every few -- >> i pop a pill every day -- >> lipitor. >> yes, but i don't know -- >> here's the thing about this, it works better than statins. you add this on. >> okay. >> and it's regeneron and what's the same of the other -- >> salafi. >> and also amgen is making almost an identical version. stuart: marc, thank you very much, stir. you may not think a big city is the place for a winery, but some folk in seattle are here to show you what you never thought was possible. it is not the device that is mobile it is you.

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. ♪ ♪ stuart: our next guest is making a welcome return visit to the show. his name is charles smith the 2014 wine enthusiast, winemaker of the year. his wine is on the show today. he is about to open the largest urban winery on the west coast. jet city it's called it's in seattle, it opens tomorrow. charles, welcome to the program. >> thank you. good to be back. stuart: you look like you come

from seattle, do you know that? [laughter] >> i do. maybe it's because the space needle's in the background. [laughter] 1993 seattle rock and roll, i guess. stuart: last time you were on the show, you'd won a prize, several prizes actually for your -- the wine that you make out there on the west coast. my son, who is a winemaker himself, tried it and said that was worthy of the prize. now you're on the show -- >> that's great. stuart: -- because you're opening a huge winery in the middle of a city. why are you going to do middle of the city for this? >> iny a county and -- i live in a county, and where my grapes are, it's 300 miles away from seattle. the idea is that people that won't make it out there can see me in seattle and so, therefore, i'm wringing my wine -- bringing my wine to the people, and people can have access to me. stuart: i know what you're doing, charles i know what you're doing. you're going to get thousands of people in for a winery tour

you're going to give them a little sip at the end of the tour, and then you're going to sell them a ton of wine. you're going to make money out of this, aren't you? >> i hope so. [laughter] i wasn't doing it just for my health. [laughter] stuart: now, can you maintain the quality? because you've won prices for the quality of your wine. can you maintain that quality in an urban environment? 32,000-square-foot bottling factory. >> no, absolutely. in fact i believe by being over in a more humid climate, which is very different than eastern washington, will actually increase the quality of my wine. stuart: and you open up tomorrow, is that right? >> i do. i open up tomorrow. it's been a long haul the last 14 months and we just are putting the final touches on charles smith wines jet city and people can come taste all the normal favorites, and as you know, the kung fu roseling, we're very excited about it. stuart: my son really liked kung fu girl. [laughter]

>> it's cool! stuart: charles smith, it was a pleasure having you on the show. send those samples to us here this new york, okay? >> or come out and visit us, stuart. my door's always open. stuart: i'd get shot if i went to seattle. [laughter] thank you very much. >> i don't think so. we're very friendly out here on the west coast. stuart: so i hear. >> take care. stuart: come and see us again. more varney after this. w 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 [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.

i take prilosec otc each morning for my frequent heartburn. because it gives me... zero heartburn! prilosec otc. the number 1 doctor-recommended frequent heartburn medicine for 9 straight years. one pill each morning. 24 hours. zero heartburn. >> the best period of race relations certainly in the last 50 years or so, from the o.j. verdict right up until around midway through the obama administration. and then liberals realized -- i don't really blame obama so much, but i blame him a little bit -- but liberals realized we've got to start the white guilt thing going again. stuart: race relations? how about hillary's possible criminal investigations? most of all, today we have covered on this program amazon. went to the moon at the opening bell, and now it's still up $73 per share.

jeff bezos founder, he just made $7.5 billion. how about that neil cavuto? it's yours. neil: not too shabby at all. thank you very much. we're focusing on the hire wire act of one hillary clinton. now she has been doing this dance back and forth with bankers, i hate 'em, but i don't hate 'em that much, and then this balance about i'm really for the people and all of this, but this is a test of everything she's ever mustered in the past, because effectively today she is 90 minutes away from repudiating the policies of her husband. the tax cuts of her husband. and the business incentives of her husband. that is a high wire act to beat all high wire acts. she is now for raising the capital gains tax and complicating it at the same at the same time in stages. if you don't like that tax, she has other taxes and she will have multiple rates to confuse the process and maybe