simonetti and me every morning getting you ready for your day. it's time now for "varney & company" and stuart, it's all us, sir. stuart: and i will take it, thanks so much. tax the rich, you want another government program? let the wealthy people pay for it. hillary is getting a good start to the week. good morning, everyone. students go to college without taking on a loan and rich tapes will foot the bill. that's hillary clinton's latest proposal. she's down in the poll so she's, in my opinion, buying votes. don't let that spoil your summer driving. the sharpest decline in gas prices. we have stations already that are below $2. and now a 3 million gallon spill, the orange tide. this is an ecological disaster.

at target no more boys toys, girls toys, no more pink and blue gender labeling, that's out. i have one more, stocks are going to go up nicely at the opening bell. you will see it and witness it live as "varney & company" begins. ♪ >> all right. news alert. in ferguson, the one-year anniversary of michael brown's death ended with gunfire. 40 to 50 shots rang out in an exchange that lasted maybe 45 seconds. police say a shooter opened fire on plain clothes detectives. police have not named them, but the st. louis post dispatch identified the man as tyrone harris, jr. and his son just came out of surgery this morning and officials say he's in critical, unstable condition at a local

hospital. chaos came to ferguson again last night. hillary clinton says it again, tax the rich. this time to help pay for college so students can go to a public college without a loan. states help pay for some of it, the rest. 350 billion in ten years comes from rich tapes. she's laughing already. mary, what do you say? >> this is just a bald-faced attempt to buy the student votes, stuart. nothing is free, as you said. the uncomfortable question for hillary, i hope a reporter asks her if this she ever holds a real press conference, that debt ballooned under the administration she just served. stuart: what's the answer? >> they national lied the student loan market and said that federal debt forgiveness, let's encourage more people to borrow and shut down lower cost options, and maintain this

monopoly on accreditation which stops other colleges from coming in. i hope when this is launched today, somebody says to hillary, how do you explain this problem. how is taxing the rich go to solve it? they're not. stuart: the rich are told you have to pay for all kinds of things, zero newborns through three or four-year-old, pre-education and day care. ashley: never met a handout program she didn't like. this is another example. stuart: will it fly? will this attract the votes that she is he a trying to buy. ashley: probably? you throw that out there, free college? >> can you get elected as president, tax the rich and-- >> some millennials are looking at the lousy job market, they

can't find work and they're saddled by debt. i don't think they're snookered by hillary saying let's do more of the same. i like what you're saying, mary. >> for a change. stuart: we're going to get to the triple digit in the dow in a second. i want you to look at this for a second. i find this flat-out awful, a river turns orange because of toxic waste. the epa tried to clean up an old gold mine and accidentally opened the spigots of waste into what was once a pristine river. i want to know who is liable. >> a lot of people want to know who is liable. what probably happened, the epa does not do this work together. so the people in the mine were not federal government employees. they were likely contractors hired by the epa. now, when the epa hires a

contractor to do work like this, they usually indemnify the contractor, translated, if the contractor does some damage and the contractor is sued for the damage, the federal government will defend the contractor in that lawsuit. stuart: that's what's going to happen? we're on the hook. >> think about this, the people whose property was damaged will sue the contractor, the federal government will defend the contractor and when and if the federal government loses, taxpayer dollars will be used to clean up the mess that the epa contract is called. it's a lose, lose, lose for the taxpayer. stuart: remember the bp spill in the gulf. we remember that one. there was outrage and they were piled on $20 billion. and in alaska.

>> where are the environmentalists? >> where are people saying this? this is one of the core function of the epa. they can't do the core function of the job. they're making up new regulations to make the energy prices higher. >> imagine if a private company called that flow of that yellow and orange river from one state into another, how the howls from the white house and the government would be deafening this morning. >> and the trial lawyers. stuart: i've got to say, i don't feel outraged. look, i'm unhappy of the awful spill and it's a press teen river and moving into utah. i'm not so much outraged as saddened. this is an ecological tragedy. >> you'll be outramed when this -- outraged with the cleanup. >> we don't know the damage. >> we don't know if there will

be accountable at the epa. there was one that went. do you think that gino mccarthy is going to step down? no. >> i realize the president is a way on vacation, but you would expect something from the lefties who are attuned if it were caused by an independent company. stuart: a state of emergency in parts of colorado it is. >> don't be surprised if the epa hires the same company to clean this mess up. stuart: pardon me? >> that's the way they think. this is one of their favorite outside vendors. if you presented this in a novel to a publisher, they say reject it and say it's not

believable. [laughter] >> i came in this morning and i thought what is the judge going to do this morning? [laughter] somebody said why don't we do liable on the toxic spill in the river. i said no, he can't do that. that was really, really cool. always a pleasure, thank you, sir. let's check the dow futures, more good news this morning, we're going to be opening triple digits higher, about 120 points as things stand. we've got a report from reuters that greek banks will get a chunk of cash when the next bailout deal arrives. that relieves some fear from europe. up goes our market here, 120 up, 17-4 for the dow industrials. >> now have a look at the price of oil. remember, please, it's gone down, 18% this calendar year, down a bit this morning at $43 per barrel. now, let me give you the really, really good news. the gas, national average,

2.59. this is a 26 day streak of losing-- of falling gas prices. this is another one that i like. >> i did the volunteer state. 1.80-- and this is pure nashville. can't you tell? 1.89 at one station and maybe two stations in tennessee. $1.89. all right, the other side of the coin is the most expensive in the land. california, where the price is-- the average for regular in california is 3.58. not sharing in the national goodies here. ashley, you want to tell me again, why isn't california? >> tougher regulations costing more to produce and plus higher taxes and you know that californians are made nearly 5 billion more as compared to the rest of the countries for their gasoline at the pumps. what's interesting is back in the 80's and 90's, i lived in

california, and frey gray davis came in, and ever since gle gasoline taxes have been out of control. stuart: people have sent pictures above $4 had a gallon as we, the rest of the country heads towards to average of maybe $2, $2.10. ashley: where is the outrage. i'm here and sick of it. stuart: why aren't the california californians? >> they go to texas and-- >> still voting green? >> let the people leave and have a better life, a cheaper life somewhere else. stuart: you have a nice monday morning. >> it's common sense, isn't it? >> the oracle of home had a making news this morning. lauren, i missed it, tell me. >> well, in case you also

missed it, warren buffett making the biggest deal of his 85 year life. the conglomerate is buying precision cast parts, that mostly make airplane parts for $32 billion. it extends into the industrial sector and highlights the company's focus on acquisitions to drive up profit or showing the precision cast parts a half hour about of the market opens. look at the bid-ask, it's valued at $235 per share. verizon ditching the long-term contracts and going month to month. new monthly customers would no longer get subsidized phones so you have to pay full price for the new iphone. $650 versus the subsidized price around 200, but you also have the option of switching carriers whenever you want to get the best upon deal. and how do you go about this?

hulu is releasing the original series weekly, it's hard to watch it at once about you talking about it for the next-- >> oh, that's terrible. sorry. >> and i just gave you the story, but i agree with you. we're going to tune in tomorrow morning at 5:00, that is tomorrow morning at 5 p.m., lauren, sandra and nicole. carlie fiorina could be breakout candidate for 2016. we will lay it out for you in a moment.

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still with us. >> surprised. stuart: welcome. i'm basing this on unreliable on-line poll, okay? this is not scientific, i don't trust on-line polls, but it shows that 20% support carlie refina. >> carly fiorina had to introduce herself last week in the debate. she doesn't have the name recognition like bush, and she was on the 5 p.m. debate stage that helped her a little bit because she wasn't in the top tier of candidates. that being said, she and marco rubio are some of the best spokes people for conservative ideas that we've seen. she's gifted. it did you see the exchange on one of the competitor networks last week. intellectually with this fellow who shall remain nameless, we don't watch the other networks, but-- and okay, fine. stuart: who it is. >> chris mathews. >> oh, him.

>> she just obliterated him because she said hillary was a liar. he said what do you mean by that language and she went down the list. and as she said she's got her arguments in line, articulate and a great foil to hillary clinton. one of the earliest ads she ran she said hillary clinton, she says it's an activetivity-- is she going for vice-president? >> i don't think she's going for vice-president. look, it's a tough road for her, again, 'cause she needs fund raising machine and the name recognition, which is hard. the name recognition and america haven't elected an executive president in many, many decades. we like people who have been seasoned politically and carly fiorina isn't. stuart: bush and walker were-- >> interesting, scott walker looked a little small on that

stage. >> you're right. stuart: what do you mean, he looked small. ashley: he looked not very presidential, honestly. a number of them didn't look presidential, rand paul being another one of them. he was weak, i felt, a little bland, one of his biggest criticisms to stand out. stuart: in that unscientific poll, walker went down and so did jeb bush. >> we'll see how they do in the coming months. ashley: it's a long time in politics. stuart: i'm looking at a triple digit gain on the dow, nice for a monday morning. and listen to this, target, getting rid of gender labels on toys. they won't use pink or blue display cases, no more toy aisles specifically geared to girls or boys. that's intriguing, a social trend. we'll cover it in a moment.

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of the analyst from buy to neutral and i think the nfl deal may not be a game changer, but there's always been the criticism of twitter, it has no ceo right now. it could bring in, increase user growth, which is a problem for them. stuart: what has delivered to me an endless stream of negativity, and whining from some guy in his basement at 4:00 in the morning. >> this may have to do that costello may be leaving the board. >> the voice of sanity. >> oh, and let me quickly check the markets for you. we are going to open higher this morning, nicely so. up about 120 points when that bell rings and approximately six points from now. the cause of this apparently, reuters reports that greek banks are going to get some

money. and that takes some worry off the table about europe. then we have the story for you, toys for boys, toys for girls, separated. not anymore, at target. >> jo ling kent, what are they doing? >> they essentially want to get rid of, quote, unnecessary signs to indicate that this is the boys toy section and this is the girls toy section. >> that's it? >> that's it. >> and it comes after a guest, a customer, that tweeted photos saying there was a section called toys and then girls toys. >> building sets and then girls building sets. >> exactly. ashley: there's a feeling if you label the building sets for girls, girls are offended or boys are offended? i mean, what's the implication here because look anybody with children, i've got six, and i've got nine grandchildren. you know the way it shakes out. ashley: yes, of course. stuart: boy do play with building sets and girls largely do not.

is there a problem with labeling the aisle like that? >> maybe things have changed, too. stuart: so i'm just old and out of touch, that's it? >> why would i ever imply that? look, stuart, looking at this you see parents, especially perhaps younger parents, saying that they want their kids to play with anything that they want. and that perhaps the traditional confines of the blue and pink or boys and girls. you have to remember there are big companies starting now, goldie blocks that have engineering toys for girls. there are different ways to target different genders and nontraditional ways of doing this that are catching fire. you can see where this feedback may be coming from. stuart: i have no objection to this. i'm not outraged at target, far from it. i'm just intrigued by an attempt, what looks to me like an attempt to suggest that boys and girls play with exactly the same toys all the time and they

have throughout history. not throughout history, but going to from here on out. i don't see that. ashley: no. >> perhaps not, but more choice, more freedom to choose is always better. stuart: okay, jo. fair enough. >> fair enough. >> and changing the subject, the dow, that would snap a seven-day losing streak. we're going to take you there and put you in the middle of it. it's exciting now. three minutes from now, excitement reigns.

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40% of the streetlights in detroit, at one point, did not work. you had some blocks and you had major thoroughfares and corridors that were just totally pitch black. those things had to change. we wanted to restore our lighting system in the city. you can have the greatest dreams in the world, but unless you can finance those dreams, it doesn't happen. at the time that the bankruptcy filing was done, the public lighting authority had a hard time of finding a bank. citi did not run away from the table like some other bankers did. citi had the strength to help us go to the credit markets and raise the money. it's a brighter day in detroit. people can see better when they're out doing their tasks, young people are moving back in town, the kids are feeling safer while they walk to school.

and folks are making investments and the community is moving forward. 40% of the lights were out, but they're not out for long.they're coming back. stuart: here we go. [opening bell ringing] precisely 9:30. trading has begun. futures show 120 points. we're up 4points. 52 points. it's a horse race. up we to. we're going up. joining us, ashley webster. jo ling kent, keith fits and shot shellady. keith, i want to know about the dow. seven losing sessions. now we're up 79, 80 points. is this the beginning of a turnaround, do you think. >> to early to tell stuart. there will always be buying and selling. buy low, sell high. that is how it works. take advantage of quality

companies in here. stuart: wait a minute. wait a minute. i'm not going to let you get away with that. you know it. too soon to tell. all you're buying then big-name quality stocks you think are at affordable price, keith that is where you are, correct. >> most definitely. how is that for not wishy-washy? stuart: would you buy index that tracks the dow, for example. would you do that? >> no. i would stick with individual companies here. i think there are a lot of rebalancing from institutions. quality will be individually company driven. there is cash with the trash and you have to sort it out. stuart: we hear you. let's get to greece in the news. reports that greek banks could get a lot of cash, as much as 10 billion euros. i want to go to scott shellady on this. i know this is not commodity related. what do you say, 10 billion to the greek banks, up pose our market? what is going on? >> i think our market is up because of what is going on in china with the shanghai composite up 5%.

here is what i think about the greek situation. one, it is not going to way. two, it is not fixed. three it will have negative ramifications down the road. they have just kicked the can. it will not end well. watch greece it will unwind between now and end of the year. stuart: ashley. >> innings banks are so desperate for money, they will get the bailout even before the ecb conducts test tresses. up to 25 billion they may need. so much money left over the last seven months. stuart: reuters reports they will get it. >> they will get it before they go through all the stress tests and rest of it. they need it now. they still have capital controls in place. stuart: keith what do you think about this? if the greek banks fetes all the money will that take worry off the table in very near term? >> very near term. i'm with everybody else. this is train wreck in slow eggs in. you don't want to be near it when ultimately comes time to pay for that. stuart: right now the dow industrials up 153 points.

how about that? that is stocks. stocks up this monday morning. barron's over the weekend said it was time to buy commodities that was their big headline story. scott you deal in -- shaking hills head. having none of it. explain yourself. >> well, here's the deal. has been six years of emergency level zero percent interest rates? in those six years we haven't been able to get any inflation. how come, as the emergency level interest rates, zero, for six years we can't get any inflation. i think that is serious question here. could. s are trending lower. i think ultimately we'll see some decent gdp growth here to make commodities turn around. until that happens it will be a long road. stuart: thank you, scott. look at apple, please. mark your calendars. apple will host what is called an iphone event own september the 9th. jo linker kent what are we getting here?

what is the announcement? >> seems reporting new model of the iphone. potentially apple. v. other bells and whistles maybe new ipad. new iphone is one to watch. stuart: iphone 7 or is it the iphone 6 s? >> unfortunately we have not received comment yet from apple. we don't expect to hear from them on it but we expect a serious update, at least a 6s or 7. 7 would be serious remodel. stuart: this is iphone on the screen. that is not new model coming out, far from it. >> that is the 6. stuart: what is this forced touch i hear. >> forced touch technology will be implemented on the iphone. turns entire screen into button. instead of tapping, push your finger down a little bit that would implement the clicking function of the phone. stuart: wow. >> i knew you were going to say this. i have a comeback i would like to share. stuart: okay. >> remember when we learned about zooming in and out,

pinching motion and scrolling with the two tipsers. stuart: yes. >> all of that has been adopted to other computer companies. they have now put that on pcs now have them. this actually does change, very little, but it does change the way we use our technology. stuart: okay. get a click. you push it? >> forced touch. underneath it there is engine to make it happen. >> that is the theory. stuart: wicked. samsung has a new phone or coming out with a new phone. what is it? >> samsung does have an event coming up later this month. we expect to see the new device here. samsung does very well. the issue with samsung, they're consolidating line of phones and cutting costs. trying to compete with apple. a company xiaomi in china, they're currently beating apple in the shipping game. stuart: our esteemed producer mike gold says that -- >> blackberry? stuart: looks like it. we follow consistently four big

names. all of them have had a terrific run-up this year. that's why we follow them. netflix, facebook, amazon, google. keith fits, are you buying aof these big name stocks right now, any of them? >> the one most intriguing to me is apple. amazon is standby. facebook, don't understand the stock. think it is totally overvalued. twitter is a train wreck waiting to happen. stuart: is it raining in portland, today? seattle, where you are? seattle. bad weather coming? bad mood on monday morning? you will pollute the airwaves with your ill humor? >> tell you, there is great stuff out there but you know, those markets right now are trading on hopium. trading on thin air. concentrate on companies with real products and real products and real cash this market is about who has money to invest for the future, stuart.

stuart: jo? >> what about facebook? you are so down on the stock. so many people spend hours a day on the product. they sell ads very well. came out with strong earnings report. seems like fundamental of all the tech companies, facebook is among the strongest wouldn't you say? >> i think those are all fair points. to be very clear i have never understood that stock. i don't think it is anything more than a fancy ratings system that grew out of a bar in boston. bottom line is, that you've got a series of advertisers who understand, you've got somebody who use is it. i think what you got is the world's largest voluntarily assembled market database. that is where the real value is. not sticks or clicks. what they do when they sell it, begrudgingly i'm a facebook bull. stuart: now he gets to it. >> there is the headline. stuart: look at twitter. near record low. former ceo dick costolo, plans to leave the board or the company. up a buck 28.

anything more on the story, please nicole. >> that is part of it. we talked about dick costolo stepped down from ceo role. jack dorsey steps in. dorsey putting his money where his mouth is, purchased over 31 shares, 31,000 shares of twitter on august 7th. that was revealed. we know the stock has been beaten down, down over 20% this year and user growth has been the worst since the 2013 ipo. he steps in and buys. last thing i will say, because there is a lot of headlines surrounding twitter, a deal coming out just breaking. deal with the nfl. it will have a multiyear strategic partnership. you will see videos, all kinds of information. working on user experiences. nfl working closely with twitter. some are daily and multiyear agreement. this partnership goes forward. stuart: just wonder if this can bounce significantly off 27?

nfl deal and costolo deal might also be -- >> you know what they need? user growth. stuart: you're right, nicole. tune in every morning, 5:00 a.m., lauren, sandra, nicole. it is called "fbn:am." great show every morning. that is how you start your day. biggest deal ever for buffett's berkshire hathaway. they're buying precision castparts, $37 billion worth. they make metal components that go into aircraft engines and industrial gas turbines. buffett, by the way, is hinting that he might buy into a little piece of ibm. keith, what do you think to that? >> that's a move that surprises me tremendously because i don't see what he sees in ibm so i'm very keen to see what it actually is that tryings him. he is hard assets guy. he want something inflation protected. he wants to move product might be coming into the digital age. stuart: he might see value

because it has come down to the 150 level. >> exactly. stuart: do you own, ibm, keith? >> do not only personally, family doesn't own it and company doesn't recommend it. stuart: gotcha. verizon are cutting two-year plans and introducing monthly plans for fees is. jo, what are they doing. >> eliminating two year-lock-in contract. have you pay month to month. as a result fees will be a little bit higher. another thing you should note, if you are used to getting your iphone subsidized for the big update with the two-year contract, you are not longer going to get that instead you will pay for the phone in installments if you choose not to pay up front of the so it is more expensive for the convenience. stuart: okay. so you get convenience but you get more expense. >> don't get locked in. stuart: verizon's stock is up on the news. not locked in. >> for two years, yeah. >> let's be clear here. verizon is playing follow the leader here. t-mobile, john legere, ceo did

away with contracts a couple years ago. at&t has plans to do it later this year. stuart: got it. back to the big board. verizon is up 44 cents. big board, close to the high of the morning. we're up 158 points. 17, five, is where we are. not a bad way to start out a monday. dan price, ceo, institute, $70,000 minimum wage for his employees. he had tough times recently. he will be on this show in three minutes. cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line.

what's in your wallet?

stuart: this is the high of the day. we're now up 168, 170 points, thereabouts. this is nice positive start to monday morning trading. look at under armour announcing a new deal with the nba they are going to provide all the clothing for the nba draft. that is exclusive deal. they're up close to 100 bucks a share, under armour. remember dan price? he is the ceo who took a big pay

cut to give his employees $70,000 a year salary. that would be the minimum wage at that company. it is four months since he made the decision to put it into practice. how is it working out? gravity payments is the name. company. dan price is the ceo. he is the guy who did the $70,000 deal. he joins us from seattle. dan, welcome back. good to have you here again. >> thanks, stuart. how is everyone doing in the studio? stuart: we're doing remarkliably well. you've run into trouble. a couple of former employees are not happy with the income distribution with your companies. we hear you may have lot a little business and you're cash-strapped. you had to put your house up for rent. i don't want to go into individual statements about what's happened to your company, but it is not working out that well, is it? >> you know, i would actually disagree with that. it's true that we've had to make some really serious sacrifices.

that i myself have had to buckle down. i think it has been 700% worth it. there are people whose lives were changed more than i expected. actually living conditions of people working for me that were making $40,000 a year, even somebody like, somebody that works at gravity hunter, canceled all his plans on friday to go help independent business because their point of sale system was having trouble, hunter is really smart guy. he was able to live a normal life close to where we are. to me it is worth it. stuart: what about those managers, more senior people, who are saying, wait a minute? the guys who worked for me, they have got their income almost doubled. what about me? i'm still doing the same work as i was. i'm still managing the place. i'm still are making money for you but these guys have almost doubled -- that's not fair. that is fundamentally not fair. how would you address that?

>> no, i agree with it. i think it's a great challenge for us as a company. how do we invest in those managers in those supervisors and in people that will elevate to that level so that they can get their pay up even more, you know, and create a little bit more of what they seek in that advancement. we all agree there should be some type of floor. at least most people do. it is question where should the floor be. i think it should be wherever you need to live a normal life. we all agree we want people to succeed and go way beyond that as quickly as they can. stuart: do you think you have to make some changes? i mean are you going to keep it at $70,000 minimum or can you drop it a little bit to keep everybody happy and stay in business? >> you know, we don't have any plans to drop it. i'm committed to the $70,000 because there are some reasons why that feels right. there is a woman that works at gravity. she is originally from puerto rico.

but her goal was to get her student loans paid off. get into a great company. she was really happy. she wanted her mom to come see her. because of the change her mom will come see her in a month. we've made this promise. we can do it. but we have to pull together. what the outside world looks at it is strictly just numbers, just our finances but for us as a team we look at structural integrity of the company. how are we serving our clients and in that area i honestly believe we're stronger than we ever have been. >> dan, let me ask you this question. this is ashley webster. the complaint i read the most, rank-and-file seeing their salaries basically double. >> right. >> while those in more management positions seeing a slight bump, they resent it and they're carrying more responsibility and their wages are almost negligible compared with the rest of the company employees. one of these employees complained and was told they were being selfish? do you think they're being selfish, management employees

should be paid commensurate with what their duties are. >> absolutely not. i actually think our management team is really phenomenal. i think their approach is phenomenal. but i do think that it puts more of an onus on us when you have these different tensions to invest in those people and help elevate themselves. to me, getting that minimum in place, there is accountability for us as a company to invest in those managers and supervisors, where they can produce more and then, they can succeed the way they want to. >> then you've almost turned your company into a charity. your heart is with your lower-paid people. and you've got our your higher-paid people complaining it is not fair and you have almost turned it into almost -- a charity. can you stay in business at very good profit level in the years ahead. >> well, we're going to see. and i'm excited to -- stuart: that is a lot of yepdy,

dan. all you have got to say we're going to see, you know, that's not going to go down with the people in your company because if your pay raise for the average worker is so big, you now have to tell me, we'll see, whether we stay in business profitably, you know you're taking an enormous risk on part everybody in your company. >> our goal in the company is to make credit card processing fair for business. it has been so unfair for so long. businesses get taken advantage of left and right. so we're all focused on that one thing. the profits have come kind of accidentally from that, because we really love independent business. we want to serve them. we also want to provide great opportunity for everyone that works at gravity to have their life enhanced by working there. those are the really important things that i'm focused on and the profits have always come as a result. so i think it's really important to remember this. making a profit is a really important part of being in

business. it is not the only thing that is important. that is part of what i'm trying to say. stuart: all right. we hear you. dan price, thank you very much for coming back to us. come on back again. we'd like a progress report and see how you're doing. we appreciate you being here. >> sound great, thanks. stuart. thank you, dan. up next president obama defending his iran nuke deal again, doubling down on his comments, comparing death to america chants to republicans just after senator chuck schumer came out against the nuke deal. full detail, full story after this. you totalled your brand new car.

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(the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. stuart: another bump up for stocks. this is the high point of the day. stanley fischer, from the federal reserve, has hinted that maybe we will not be raising rates next month. have i got that right? >> you're exactly right. the fed may wait for inflation to catch up a little bit. not a done deal rates will go up in september. that has given the markets -- stuart: sure has. up 177 on the dow right now. individual stocks, we brought it to you at the market open. that would be twitter. they made a deal with the nfl, providing packaged video to users every day year-round. the stock is up a buck 28. president obama doubles down on comparing republicans opposition to iran deal to the extremists that shout death to

america. pete hegseth joins us from minneapolis. the president seems to say the opposition to the deal is based purely on politics. it is all political. do you agree with that? >> he could not be more wrong. this is one of those votes that will go down in history like other war votes, like other major muscle movements in u.s. and world history. i guarranty you chuck schumer didn't decide to vote against this deal because of politics. republicans you talk to are not doing this about politics. they're doing this pause they think it is a terrible deal for the security of the united states. chuck schumer is willing to cut against the president. he is future senate majority leader, because he thinks this is bad deal. if anything, nothing to do with politics. this president has nowhere to go reflexively, comparing republicans to iranian hard-liners this, is doubling down on the stance to pull in as many democrats he can to squeak past a veto-proof majority. stuart: these developments recently. senator schummer says he will

against the deal. we have leader of the quds force a general goes to russia in defiance of travel sanctions. iranians say you can't get into the nuclear facilities in the future. we're operating there in the past. you're not seeing what we're up to. does all of this add up to basically a break down in the deal? it is actually falling to pieces? >> yes we have secret side deals. you have money being released we know they will use for terror. the longer this deal is held into the sunlight, more details brought out, more people learn bit, more difficult it is to support. that is why president obama bringing out big guns going very political. he realizes this deal which they thought they could get passed. now they realize, it can be blocked. they might get support in the senate and house. now they realize they will have to veto it, might be overtime, stuart, ability to override veto which no one was thought possible. the more you look at details of

the deal the more you realize it is terrible. stuart: hard break. have to go. pete hegseth. thank you very much. dow up 170. we'll be back with the second hour of "varney & company" in precisely two minutes. do you want to know how hard it can be to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. spiriva helps me breathe easier. spiriva respimat does not replace rescue inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva respimat. discuss all medicines you take, even eye drops. if your breathing suddenly worsens,

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stuart: here we go with our second hour. big stories. hillary clinton unveils $350 billion college plan. she wants kids to go to public colleges without a loan. the rich are going to foot the bill. plus this is an ecological disaster. the epa creating a state of emergency in colorado by turning this river into a toxic orange mess. apple's big day, they have announcement coming on september the 9th. wall street will be -- they need to see something very, very special. drones on a farm. farmers turning high-tech to stay competitive. yes, the second hour of "varney & company" starts right now.

stuart: one-year anniversary of michael brown's death in ferguson, missouri, began with a march in his honor. it ended in gunfire on live television. between 40 and 50 shots were fired in an exchange that lasted less than a minute. police say one of the suspects involved opened fire on plain clothes detectives before being pursued and shot. authorities have not named the person but st. louis post dispatch says that it is 8-year-old tyrone harris, jr., said be in in the hospital critical and unstable condition. shots fired near embassy in istanbul. hours earlier, a bomb attack at a nearby police station injured three police officers and seven civilians. not known whether the attacks were connected. violence in turkey. check the dow jones

industrials this is pretty close to the high of the day. we were up 174. report that greek banks could get a lot of fresh cash, as much as $10 billion, and fed governor stanley fischer, he says, hold on a minute, we might not be raising interest rates next month. all of that is real good news for stocks and up she he goes. the price of oil, 4.9per barrel. up -- $43.96. up slightly. gas, do you love it? 2.59 is the national average. we've been down each of the last 26 days in a row. cheapest in the country in tennessee. that would be $1.89. just a couple of stations in tennessee at that level but note the -- >> god bless them. stuart: 1.89. most expensive gas in the land? california. about dollar above the national average. those poor guys are paying 3.58.

that is an average for regular. the nfl and twitter, they're teaming up. they will deliver packaged nfl video and content to fans year-round daily. the stock is up about a buck 28. let's get to hillary clinton and her latest tax the rich proposal. this time it's a college plan. $350 billion over 10 years, coming from cutting tax deductions for the wealthy. steve moore is with us. will it work, this tax the rich? tell me? >> well, look, hillary has diagnosed a big problem for middle-class families. i file it myself, stuart, having two sons in college right now. the costs of tuition, i made this point on your show many times, the cost that colleges and universities are charging families is the biggest cam in america. it is a financial scam. the problem is, her proposal, i have looked through many of the details of this, will not reduce the cost of college whatsoever. it will simply shift the cost from the people getting the

college, that is students and their families on to rich people. that plan isn't going to work. it is not going to lower costs. stuart: what do you make of this from the left? every candidate for president on the left -- >> i know. stuart: says, you could have these goodies and tax the rich to get them. now you're an economist. does it -- does it actually work? >> well, obviously knot. the top 1%, the people that hillary wants to tax to pay for college, that top 1%, already pays 40% of the income tax. so they have enormous burden. she wants to reduce the, close the loopholes, stuart but you know what? i want to close loopholes too. you know me. i'm a flat tax guy. i do want to close loopholes but want to use the money to make the u.s. tax system much more efficient, more pro-growth, bring jobs back to the united states. she just wants to use the money for income redistribution purposes. that is not very good pro-growth strategy. stuart: what happens to our

economy, and our markets if we do indeed raise the capital gains tax rate? >> well, look, this idea that she has came out with about 10 days ago, stuart, basically raise the capital gains tax for investments less than six years to 40%. i look at statistics. if you do that, stuart, guess what nation in the entire world, industrialized countries will have highest capital-gains tax rate? the country the land of the free it will leave the united states to go to other nations to get bitter deal. that is way taxes work. pay 42% in the united states. some countries by the way have no capital-gains tax whatsoever! stuart: i don't think most people know this. >> right. stuart: most people know we have the highest corporate tax rate in the world, 35%, plus the state tax, whatever it is. and we're up to 43% on high income earners. >> yay. stuart: probably don't realize

we'll raise the capital gains tax rate to the highest in the world. i don't think this is out there. all that is out there is, you could have all of this if we just tax the rich. i don't think people realize exactly where we are with taxes at the moment. nobody is telling them. >> i think they think of free lunch. look at all the democratic plans. they want to pay, for everything. every program that they have. universal day care, now free college. health care, all this stuff will come out of the top 1%. we'll not have any top 1% in this country if that goes on. by the way, an important point i made it many times on your show but it is worth repeating. when you talk about the people in top 1, 2, 3%, what they do for living, you know the answer, over 70% of the them own invest, or operate small businesses. that's what they do. if you take, this is where trump got it right. if you take money from the business, they have less money to hire more workers and pay

better salaries. that is self-evident. stuart: okay. we hear you, steve. i hope the country hears you because you have got valuable information there. you have to pound it home, lad. i want to see you next week pound the table. i want emotion. >> look, i, i do want lower tuitions but the way to do that make these universities accountable for the way they spend money. there is nothing in this plan to do that. stuart: yes, the voice of reason on a monday morning. i love it. pound the table some more. steve moore, everyone. thanks for joining us. appreciate it. now this the animus river in southwest colorado has turned orange because of toxic waste. turns out it was epa's fault. listen to what judge napolitano said about this last hour. >> people whose property was damaged will sue the contractor. the federal government will defend the contractor and when and if the federal government loses, taxpayer dollars will be used to clean up the mess that the epa's contractors caused.

it is a lose, lose, lose, for taxpayers. stuart: well-usaid, judge. that was earlier on the program today. liz macdonald is here. >> this is environmental disaster getting worse by the day. three million gallons of arsenic, mercury, led, copper, iron, pouring into the river there. this is equivalent of putting a superfund site into the river. so the what is happening now is, the story is, a defunct colorado gold mine, more than a century old, epa officials went in there. breached wall. that is what caused this toxic wastewater to flood into the river there. now the two issues, really problematic. this plume is moving downstream. towns along the way are shutting down their bath water and telling residents not to drink it. they're also, the fish could become contaminated as well. and so this tributariesfeeding into rivers that supply water for many states in the west. so the epa is on the scene

because they caused the problem. so that is the big problem right now that is happening here. stuart: i don't mean to interrupt, this is flowing, three million gallons flowing downstream, going out of colorado. could reach utah i believe? >> it is going possibly into new mexico. these tributaries, this whole vast reservoir and these rivers feed or provide water for many states in the west. so we have to stay, as you have been, stay on the story because it affects so many of our viewers out in the west states. >> accountability. >> that's right. stuart: if this was oil company that had done this or private enterprise company that had done this outrage would, this would be the headline of the year. >> precisely. epa officials said this, quote, we typically respond to emergencies, we don't cause them. that is what epa official on the scene said. >> what does that mean? stuart: what does that mean? i think you caused this one. i think, obviously it was accidental, of course it was. just a tragedy. >> yeah, that's right.

stuart: check share price of apple please and mark your calendars. mark your calendars for september the 9th. apple will host what is described as an iphone event september the 9th. i don't know what they're going to announce. larry is with us. he doesn't know what they are going to announce either. some kind of apple. 6s? >> we're not sure, stuart. we'll see, about 85, 90 million, would be 7 and 7 plus. there is a big change -- stuart: wait, wait. sorry to hold you up like that. >> sure. stuart: you think on september the 9th, come right out here is the 7 and 7s? >> i do. stuart: will we see it? >> i think we'll see it. there is a big change out there going on in telecom and mobile analysts won't tell you. i'm in the telecom business and mobile carriers. carriers are getting rid of subsidies on the phone.

the reason we don't subsidize the phone cost to do it is 15 months out. bring your own device. what will really happen now is, you will see pc business totally go down. you will see people, people now spending full price of phones, they will spend money on devices, instead of pcs. now the big push here is, the plus. because that 5.7-inch is a lot bigger. we saw it work? china. there was no subsidies in china. i thought maybe that would hurt them. it didn't hurt them. they went out and bought them and the fablet which is bigger -- stuart: hold on a second. if you're predicting that september the 9th. you're suggesting this is very good for apple. >> very good for apple. stuart: the stock is up two bucks but nowhere it was in mid 130s. >> no. only reason it is not, i'm not one of those guys that will tell you apple is undervalued. the reason, they have to keep coming out with new products. but as they build stickiness

with the pay, with the music, with these phones that i believe will take over the pc market, that is why samsung and android are going down, they will -- >> what is it going to give me i don't have on the 6? >> i'll tell you. we don't know for sure. we could talk about faster processor. better battery life. more display. the much as we talk about, public wants it, public buys it, it is better product. it will take place of pc you heard it hire. the reason, the reason why -- >> talking up your own book? >> not talking my book. >> do you own apple. >> i do not own apple. do not currently own it. stuart: last 10 seconds to you, liz. >> i wonder if apple is like a slow growing value stock not a growth stock. hitting large of law numbers. stuart: give you 10 tech. >> long-term growth. if you want quicker growth story, there are better stocks out there. stuart: larry, not bad, thank

you. for tv binge watchers. lauren has the story in case you missed it earlier. >> hulu is releasing weekly series weekly. binge watchers, i know, meant to build buzz around shows. something to pay attention to. this is sign you will no longer see at target. target is responding to pressure on social media. there is the sign. building sets and girls building sets. no longer use color or signage to distinguish between girls and boys toys, electronics and bedding. guess what, we're in dog days of summer. sky scanner says this is actually the best time to buy flights for winter. if you're booking now for christmastime, get this, you can save about 20%. almost 15% if you're booking now for new year's eve. don't say you weren't warned. guarding in space? very first time, nasa astronauts will eat today, the fresh lettuce, there it is they have

grown on the international space station. how that lettuce tastes can be useful to us mere on earth as we learn about growing plants without sunlight and without water. stuart: thanks very much, lauren. up against a hard break. dow is up 180. we'll be back in just a moment.

stuart: news alert on isis and the war on terror. the united states sent six f-16 jets and about 300 personnel to an airbase in turkey over the weekend. they're there to launch airstrikes against isis. queen elizabeth the target of an isis terror attack? british police reportedly foiled the a plan to attack the monarch to mark an event marking end of world war ii. they planned to set off pressure cooker bombs just like boston throughout several locations in central london. now this. russia is suspected being behind the hack into the pentagon computer network. thousands of emails accounts compromised. mike baker with us.

mike is former cia covert operator. joins us now. do you know, if you were with the cia, you worked undercover, do you think or do you know whether or not we responded or retaliated in any way against these people who hacked us? >> well, yeah, i mean it would be naive to think we don't have our own offensives capabilities and efforts. that doesn't make what the russians or chinese or state-sponsored or individual hackers do okay. because their motivations and what they're after is different than the way that we act. but, at the same time, yes, i mean we're very good. in fact i would argue we're the best at the business. stuart: do you know this? i mean that is important. not just speculation? you know this, if we wanted to have a go at them via their computing systems we could do it? you know that? >> yeah. we have the best people in the business frankly, that's what i'm saying. without going into the weeds and talking about things we're not supposed to talk about, we better hope, and public should

be comforted by the fact that we are actively involved in protecting our systems and not only that but understanding capabilities of those attacking every single day attacking our government and private sector infrastructure. people would be amazed. the public would be amazed at aggressiveness, not just state-sponsored attacks we hear about. politicians up on capitol hill, they're quick to easy attacks against russians and chinese. we're probing against infrastructure every day. stuart: public think we're sitting back passively and taking this hack after hack after hack. do you think we should retaliate and let everybody know what we've done? no. look, there is very little in this realm that falls into the general public need to know. and there is a reason why we

have sources and methods and secrets because, that is important i know some people out there writing unicorns and writing about rainbows and holding hands want 100% transparency what the government does but that is not the way the real world works. we're actively involved. look, the fbi, which takes a lead on a lot of these things has been very active getting out there, trying to encourage what is really probably one of the most important aspects of this, which is the public/private sector cooperation. for years and years and years here in the u.s. we've89w0y alws

we can't have any cooperation or information sharing or use of best practices between the two sectors and that is the wrong attitude. stuart: so long as we know we can retall 8:00, we're in position to do it, you make us feel a lot bert. mike baker. thank you very much. -- a lot better. >> looks like he is going out on a mission. stuart: under armour unveiling a new deal with the nba. what is this all about, ashley? >> multiyear partnership. that under armour is main parter in in the nba combine. they're getting together with a mobile app with nba and under armour. they continue to get these deals down, under armour. they have jordan speith with the golf and steph curry.

they're beating out nike in many areas. they're doing very well. stuart: first time nike see has serious competition. >> that's right. stuart: coming up, shocking images after deadly typhoon in southeast china. shows floodwaters raging, thousands of people evacuated. we have the story. and toxic orange river in colorado, originally reported one million gallons spilled. now reported three million gallons spilled. a catastrophe. more varney next. is

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power. terrifying video. two youngsters, 21, 17, siblings, falling from the sky. their parasail broke loose. you will see more of this later. i will give you good news. those kids survived. more in a moment. president obama, nuclear deal with iran, his own party turning against it. more on that in a moment. ecological disaster you can see in vivid color. that orange tide flowing out of colorado. for anyone who loves great outdoors and natural beauty america's west has to offer. it is a tragedy. we don't know yet what damage is being done to fish and wildlife but it is not going to be good? where is the outrage? i haven't seen it. if there are angry demonstrators, they have not appeared on my screen. why? could it be that the greens are unwilling to go after their very own environmental protection agency. the epa has admitted it was its

fault. they were cleaning up an old gold mine and accidentally spilled the toxic mess. the greens are not demanding resignations or hearings. contrast that with the bp spill in the gulf or exxon valdez incident in alaska. there the greens could go after hated oil companies. better yet they could go after big oil and take some money off them. they can't do that with the epa hey, they run the epa. outrage in the green world is selective. ♪ have you ever thought, "i could never do that"? have you ever thought... you just didn't have anything left in the tank? well - you do.

because the courage is already inside.

>> ladies and -- >> well this is scary footage beachgoers watch in horror as a parasail rope snapped. this happened during a storm. a brother and sister flying through the air, carried by strong winds, they were dragged through bushes before making it to land.

no one seriously hurt. 21-year-old, 17-year-old, no hurt. and then this, yankee player britd hit in the head. rival team hit a home run. a fan caught the ball, decided to throw it back to the field. it hit the all star in the back of his head. a large bruise was the result. what we're bringing in. check the dow industrial nice day 176 points higher, a fed governor sunlight that maybe we won't raise rates next month. somebody else says maybe the greek banks will get a ton of money. price of isle 23 or o 44? 54.54 as we spook. verizon ditching contracts switching to month to month plans that starts thursday it is going to cost you more but you get flexibility so they say. look at ibm. warren buffett hinting vaguely

up it is 156. so iran deal. new york senator chuck schumer very influential democrat will oppose the deal with iran. rabbi is with us right now. rabbi it was good to have you on show great to have you back with us. i want to know if senator schumer is going to lobby hard with other democrats in the senate to get this deal rejectedover just going to take a backseat and say, i'm opposed. you do what you will. which way will he go? >> interesting question. my gut feeling that he's going to lobby against it. the reason i think so is he announced his opposition so early, i mean, he could have waited. he could have waited a month. i mean, he was facing pressure. but he could have just delayed but instead he decided to announce it and he announced it strongly. i actually think president obama's reaction to the announcement in the latest style of selling the deal may actually

embolden schumer to be a little more aggressive. >> i want to get right the it here at issue is the position of jewish voters in the next election. senator schumer is i think, looks like maybe -- he's trying to hold on to the jewish vote. what do you say, i mean, if jewish vote drifting away from the democrats and senator schumer jumping in to stop that drift? >> perhaps. but you know, my sense with senator schumer is that he really chose principle over politics yeah this was important for the jewish vote in new york for him to oppose the deal but he could have won i think even if he had supported the deal he's been a senator for a while and large base of support. i think he looked at the deal. looked at it on prince got different input and decided it is a bad deal. i think that process actually gives you more credibility in

opposing the deal. so he may, you know, keep jews with democrats. but i think that larger issue is that he is truly opposed to it. >> why are you o opposed to the deal? >> because i think it's -- i think it is very weak. ic it is not much of an improvement over the status quo. i mean, i read in extraordinary, i mean, senator schumer statement extraordinary and he pointed out that the snap back sanctions are very complicated. enforcement mechanisms mechanisy weak and even though president obama says it is not built on trugs we give latitude to iranians it isn't conducting inspections and it delays their building a bomb doesn't stop it. >> for all of those reasons president says that those who oppose the deal essentially voting for war. as if war is the alternative. you shaking your head. deal with that. >> that's been my biggest problem with how president obama has sold -- has sold the deals.

i don't think that alternative is war. ting that alternative is continued sanctions and diplomacy. the deal that we have really isn't much of an improvement over the stat quo that's the sad part. i don't think war is inevitable. i think continuing sanctions that we have and keeping international had community opposed to iran is the best strategy, and i think the universal on sings in israel sunlight that as well as growing opposition in the united states. so i don't think the alternative is war. i wish it wasn't. >> fast last question if the vote were now, what is your reading on the vote to override a presidential veto? that's the key thing, that's what this is all about. so give us a vote tally as it stands now as you see it. >> it would not be overridden. i think there are enough senators who are still undecided. it is tough to override a presidential veto especially

with, you know, not a filibuster proof republican majority. but i do think opposition is growing, and i think even if the veto isn't overridden, a huge over 60 senators opposing the deal send a very strong signal. >> does indeed rabbi thank you verify for joining us. stay in touch with us please because we want to follow this all of the way through for you. >> thank you very much. now i want to get back to the situation in ferguson, it is chaos overnight it was a one many of year anniversary began with a more in his honor that ended with a lot of gunfire. 40, 50 shots pex changed. david webb is with us. we hear that the shots were fired at the plane closed police officers -- the suspect is in the hospital, et cetera, et cetera does this amount to a war in our inner cities on the police? >> it's not as simple as just a war on police, but it is a permissive environment which it is okay it take on the police

firm arguing that people have done for decades since they've been around where you have a man pistol whipped a krier criminal an start posting on facebook offensive posts you know grab the police -- butt kicked and then you go to ferguson, you've got a frentd of michael brown's reported, and a bunch of thugs, criminals and gangsters by all appearances, they're involved with each other. they come, police come. they're wearing police vests identify them. their unmarked car and then they shoot at the police. first if you shoot at the police what do you think is going to happen? thank god these cops stopped them from shooting more. >> that's fire. you're opening war on police officers. >> when you're near a crowd and you've got an untrained criminal frentd of meek el brown's that's firing, he dunned have to fire control. not that the police -- they have better. they're trained. thankfully they shot him, it is, you know, what we now have is a

situation to devolve further because the charlotteton who is leave the black matter grew. useful idiots to some degree that are involved and intellectual sheep that are running around this movement take away from the people who want actually to fix problems. ty talked to -- business owners in ferguson. i talked to people that there want things fixed. and other areas when i was there still looked like war zones. jobs are not restarted. >> what -- what problem wants to be fixed? is it is police community relations or extraordinary level of violent crime within the black community? >> both and more, it is economic in that, crime, community policing, it is education broken education system. if you're raised to believe that you have no other option, and you are that kid. you become a young man. you have a better chance of hey, i can sell drugs or commit crimes buy new sneakers and do

whatever opinion i can get ahead. >> protesters in the crowd are saying we're ready for what, we're ready for war. david how should the police handle that? >> he recollected respond request top effective policing. mistakes they made a year ago -- >> if they did that, they could be in court themselves. this involves -- [inaudible] they go to court. >> hands tide. >> plmghtds typically mayoral agencies especially in larger cities their politicians, leaders need to stand up. commissioners need to stand up for their cops. this is a fight. you're not going to win the war on police by backing off and not having effective policing. look there are bad cops like there are in any other organization. got shooting. charleston, as the that shooting. but on a daily basis there are more lawful intersections yeah dealing with the worst of the worst at times or a ticket. whatever the range is. >> democrats are not dealing with it, though, are they? >> no they're not. martin o'mall groveled because

he said all live it is matter. i don't know if we have the video handy but bernie sanders shouted out in the rally. his rally was totally taken over by just two wins. >> why did he let his rally get taken over by two women. by christ's sakes take them -- [inaudible] >> by the way one of the biggest away. martin o'malley who caused much of the problem in baltimore, in the years that he was the mayor, he had a roundup of the community. some 20% arrested walking while black welcome he wanted to look time on crime to run for governor. for all of you black matters get the failure of liberal progressive leadership for 40 years and it is not black or white. it is bad leadership or for martin o'malley is not black. stephanie rollins, blake, and they're black so deal request it for once. >> back to bernie sanders unwilling to shove the two black women off the stage and say this is my rally.

i get to speak. [inaudible] >> which democrat will stand up and say you're wrong on this? >> because bill clinton took on or is it the soldier moment. >> had that with blacks, warning first black president. the problem we have back to the war on this is that in that terms of a war. police officers are being protected of not only their careers, families if they're sued in new york city for instance you can be called out in someone feels aggrieved. >> yes. >> that is true. feels -- >> why are you such a stranger to this program? i don't understand. >> varney wakes me up says dave you're coming over to my show. [laughter] >> look you've got it. >> aye-aye, great television. david thank you very much indeed appreciate it. time for the sector report. dow jones industrial average firmly in rally mode thank you very much. up close to 180 points and

industrial sox leading the way. caterpillar up 3%. boeing up 2%, it is industrials that are the biggest gaining sector in the s&p 500. there's 66 stocks industrial stocks in that sector all of them are going up. we've got a new study, shows -- not sure i can say this an easy way to help reduce the risk of alzheimer's i believe that when i see it. by going to sleep. i don't know if i'm sure, we'll discuss okay. and hillary clinton out looking to take more money out of a pocket of the 1%. she is. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands

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he does. for all the confidence you need. td ameritrade. you got this. >> i am in nicole petallides with your fox business brief. dow jones industrial pointing with an up arrow up 180 points after seven straight days of sell where the dow lost more than 375 points. but today all really different sector. s&p up 20, nasdaq un42 all of the major averages around 1%. give or take transport of russell dow leaders mostly green on the screen boeing, kalt pillar ge among the best of the dow, 30th. a little watching twitter and under armour came out with some dealing request contract the one with the nba and nfl. twitter and nfl of multiyear deal there. video content user experiences, under armour deal with the nba

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>> look at this. i think we can safely say that we're in the monday morning rally mode we have broken a

7-day losing streak. liz claman is here. i understand that wall street is still worried about china? >> worst economic performance in two decades so worried too that china gross rate will drop below 7%. so the word on word is people think of central bank there and government will do more stimulus so spending on bridges to nowhere that end up in the field. >> bad news is good news. so we're worried about china. bad news from china but bad news from china means they print a top of money. good news over here. [laughter] >> that's right when the government spends money, similar to here, it is adding to gdp. exports down 8% that's a big number. >> it hour is. bernie sanders 28,000 people listen to him in portland, oregon. by comparison hillary biggest campaign rally had under 6,000

people. doing with. i'm going to stay with hillary for a moment and her college proposal. 350 billion dollars over ten yearings and where does that money come from from cutting deductions from wealthy means to tax the rich some more. alexandra spit joins us with college republicans. you chair a the college republicans association. don't you? >> i do have that privilege. [laughter] >> you do. welcome to the show good to have you with us. thank you for having me. >> i say hillary is attempting to buy the votes of young people by saying hey, free college. no loan -- and i'm going to go further i thinking that might be a successful pitch. what do you say? >> she's demonstrate what she thinks is the most rnt po demographic to reach that is millennials because millennials will decide the presidential election 2016 as they did in 2012. that being said she's offered up

ideas preserved on status quo that fundamentally misunderstand the 21st century student and don't promote a disruptive sort of, you know, quality that we need in our higher education system. i think that fortunately on our side we're seeing candidates like governor bush and senator rubio, paul talking about opening up that education system. >> so honestly if you were to ask the student body or just ask millennials, 20 somethings if i can define them luke that, what do you want? help from the government or do you want a good paying job? which side of the fence do you think they'll jump on? >> they want an entrepreneurial generation, a generation that wants to succeed that wants to attain a american dream for itself, and unfortunately politicians like hillary clinton promote a closed top down situation that not only doesn't understand the innovation of this century. but also taxes the top job creators in this country when students get out of the college they're not going to have that

opportunity. >> how about the hint from the left that maybe we could forgive some student debt. now that would be popular, wouldn't it? >> you know, it would be, but there are plenty of free market solutions to the debt. >> wait, wait you're fighting up hill struggle against establishment media to say look what hillary is doing for the young and men millennial can you hear three? >> uphill struggle here. >> that puts the illness on our candidates and party to communicate our solution we have real solution on these issues. i think republican candidates find whoever the nominee is in 2016 will find students millennials who make up the majority or or going to decide the presidential election i should say and middle-class have a lot of questions about higher education, and student loans and affordability. so we food to have answers on those, and good news is that we

have good answers we need to communicate those directly to the audience that we're hoping to reach. >> yes i was telling columntist you have to found that table. thank you very much for being with us elizabeth smith we appreciate you being here. trchg thank you very much. : i'm sorry alexandra come back i'm very sorry it is alexandra is it not? >> it is. but -- a lovely name too, elizabeth. >> on this program what is touted as first car in a bag? makes its debut. see why you might need this -- how drones are becoming farmers new best friends in the fields. varney never goes away. we just come right back after the break. ct. ct. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason.

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portable transporter moves along up to 6 miles per hour an it is powered by a lithium battery small enough to some claim that it is world's first car in a bag that can carry people weighing 265 pound more less. but much of a car, though. from the ground to the sky fox bids jeff flock is at a farm in cambridge, illinois, where drones are used to keep an eye on crops. jeff. reporter: and it is an ideal year to do that ashley. take a look at this cornfield some of it looks really good but a bizarre yard a good looking piece of corn. across the grain belt really bad conditions, this would damage by too much rain. take a look from the air this is how farmers are seeing their crops these days. drones flying over the fields of clayton where we're standing right now kind of shows what that's like. i'll tell you, if you look at still pictures from above you start to see --

some fields look really good and green, other ones very yellow, brown could affect yields keep your eye on prices ashley. >> bird's-eye view invariable. thank you very much. more varnny coming up next.

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stuart: tax the rich. such an easy way out, isn't it? you want to attract voters, so you give them something. who pays? the rich of course. they're the ones with the money; right? the latest tax the rich purchaser comes from hillary clinton. she wants students to go through public college without a loan. the rich will pay. 350billion over ten years. last month it was universal free pre-k from newborns on up. rug the rich and big corporations will pay. another democrat bernie sanders wants to take 10% off

them. that's taxing the rich on stair resides. so when do you earn enough to be considered rich? well, presidential hopeful penned it at $100,000 a year. there's something unreal here. consider this. if you took every dime in income over a million dollars, you just confiscated it, we will still be running in the red. we would still not be paying for all these new entitlements. this tax the rich mentality, it just doesn't work. the math doesn't add up. and the experience of recent years shows it doesn't let the economy grow either. so why does the left keep pounding the tax the rich message? because they believe it brings votes. they think they can win with giveaways paid for by somebody else. the trouble with socialism is that sooner or later you resign out of other peoples money. unfortunately, in america it's not sooner or later, it's now.

and that taxing the rich hasn't worked, will not work in the future ♪ ♪ . stuart: oh, yes, we will have more on hillary's latest tax the rich plan in a moment but please take a look at this. we're up almost 2,300 points. we'll give some reasons for that. a fed governor says they won't raise race next month. look at the price of oil. going up now. eighty cents higher at 44.67. but the good news for drivers is that gas is still going down. 5.59 is the national average for regular. and the price of regular has gone down for 26 days straight. cheese gas in the land is in tennessee. 1.89. that's at least one gas station in that state. market watcher jim is here.

well known guy. made a lot of money in the stock -- no, i digress. over the weekend barron's magazine said get into the moments, do it now. now, you're a stock guy. >> well, they are related because they're both affected by the level of economic activity in the world and i would say this. you could get a short recovering moments and stabilityization. you don't have a level of economic growth worldwide to make commodities attractive here. and if you are interested in the growth, i think warren buffett gave you a signal over the weekend that the industrial companies you're getting earnings, dividends, growth, and commodity you're just getting the price of the commodity, and if you look around the world, you don't have the growth. stuart: what i don't understand is commodities come all the way down, and they have been trashed. >> yeah. stuart: and that's because of a slowdown in the economy. >> yes. stuart: and that's true too, so why is the stock market,

the dow, now up 200 points plus? why are stocks doing so well if commodities are tanking? >> yeah. first of all, stocks are down a lot over the last several trading days. and i really think this guy about two things. number one the data about china was so bad over the weekend that they're expecting more stimulus from china. kind of a warped logic, but i think they are expect more stimulus. the fed doesn't appear to be too greaves. i think the fed understands that one and done probably is what the financial markets want and that's what they're speaking to and then warren buffett over the weekend with that acquisition they're saying that those attractive values in the u.s. industrial market. so you're getting a balance, i don't know if you can call it sustained or not, but you're getting a balance after significant decline. stuart: well, right now we're up 210 points to be precise, that's the best gain since the early part of july, we're back closing in 17.6. do you think we get back to

18,000 and change? >> yeah. let's not get excited. the market is unchanged not year. but you're going to get enough economic growth to allow the market to get single digit progress between now and the end of the year. stuart: so you're not a doom-and-gloomer. >> i'm not. stuart: there's no reason to sell it all now with the money in the bank. >> no. but i understand you're in a era with modest returns and stick with conservative stocks. . stuart: are you a warren buffett follower in that you think the best stocks are industrial. >> at this point i think you're getting a change of leadership into the biotech and the media. stuart: that wasn't an answer to my question. >> yes, it is. the answer to your question is, yes. i do think that industrial stocks right now are going to be the best relative performers because the united states is doing reasonable well. they've lagged the momentum stocks. >> but, jim, if warren buffett hadn't made this announcement over the weekend, would you be looking at them anyway?

>> well, there was a growth about the very narrow stocks on the nasdaq. and people are saying that most stocks are going down and the skew stocks going up. well, now you've broken the stocks and i just don't think investors are likely to get back into them. i think they're going to become rational and fundamental and the relative values in the industrial stocks. they've way under performed the momentum stocks. so i don't think -- i'm not looking for gangbusters results, i think they'll provide a better return than cash and bonds,. stuart: you've got it all in. three minutes flat. >> gets it in. >> well, you've got to talk fast on television. stuart: very true, young man. >> pleasure. stuart: look at under armour. yeah, they made a deal with the nba. they're going to be the official out fitter of the fabric draft. they're doing a lot more with the nba as well. the stock is slow us closest to $100,000 a share. twitter also making a sports deal. partnering with the nfl

they're going to do video and other packages to content for fans on a daily basis. the is to being is up just a buck at 28. i'm going to go back to my take on hillary's college debt plan. which she wants to be paid for by taxing the rich. ashley, i made it clear my opinion is that she is buying votes with taxpayer's money. will you agree with that? >> well, she's buying votes with taxpayers money but also -- it's a double whammy for hillary. she's hitting the two places she thinks she can get attraction. it's the wealthy people's fault because they're not spreading the wealth around for the good of everyone else, so we'll take some of their money through eliminating loopholes through the tax system and to essentially provide free higher education. so your testimony the word free and you go that's great, i'm going to vote for this person. but she's taking a jab at the wealthy americans who are propping up so many things. and, yes, she's increasing federal involvement in higher

indication. stuart: it maybe effective. >> it may be. yoyou say free to the young people,. >> it's very, very much of a continuation with what obama is trying to do, some of the wavers, and we'll relief you with the amount of debt over so many years, you have their vote for democrats for life. >> there are a lot of people who end school with a degree and end up at starbucks. stuart: starbucks would be forced to pay more money. by legislation. there's a good slogan. >> there you go. stuart: president obama doubling down on his comparison of republicans with iranian hard-liners who oppose the nuclear deal. listen to this. >> the reason that mitch mcconnell and the rest of the folks in his caucus will oppose this jumped out and opposed it before they even read it. before it was even posted.

is reflective of a ideological to not get a deal done and in that sense they have hard-liners who are much more satisfied with status quo. stuart: what do you make of that? i mean the president is basically saying it's all political. opposition to this treaty is all political. that's it. what douse? >> well, that's nonsense. and it fits with his labeling of opponents, his enemies rather than people who just disagree with him. it's something that bernie sanders, the self described socialist who is in favor of this deal came out and said that obama is over the line in describing this. and it's not just republicans . stuart: hold on a second. bernie sanders said president obama over the line on what? because he associated with the death to america chant people with republicans? is that how he crossed the line according to sanders? >> that's right. stuart: really? >> not that sanders is against

the deal now, i wish he were, but he said he wouldn't have phrased it that way with the way obama did it. and, you know, if there's anyone that iran is grateful for that the mole is in the hard-liners and iran grateful for, it's obama and hillary. after all obama and hillary on their hands when they took to the streets opposing in 2009. stuart: you know the international relations like the back of your hand. i don't think this makes any difference whatever. president obama takes the deal to the in. the un will say that's fine and dandy, they will take the sanctions off iranians, and leaving us stranded whether it goes through congress, it's almost irrelevant. i mean the iran deal is a done we'll do isn't it? >> it's likely. although this may be a sign by obama that he's losing his firewall, and this is a by the of a ban i can because you have charles schumer from the state of new york, kathleen rice, democratic congressman

from long island. you have elliott, congressman from the bronx. right here people peeling away and this is an overreaction and obama is not good at selling things. stuart: so what happens? let's suppose that it goes through congress, congress rejects the iran we'll do it goes to the president's desk, he vetoes it, it goes back to congress and they can override the veto. let's suppose they do override the veto. having congress the deal is dead. then had a? >> well, at least we would have u.s. sanctions. there would be no major payou. stuart: we would be only own, wouldn't we? >> well, yes. you may other opponents, for example, french concern that we gave away, if you can imagine the french were more star worth than free worth through negotiations, and you may have some solve throughout the international community that you don't see now. stuart: but essentially reading between the times, it is a dumb deal, isn't it? >> come to the next president that we're going to reverse this, a number of the

candidates said they're going to do it. stuart: but they have to cancel it, reverse it, or deal with the consequences that president obama gave them. >> yes. stuart: and i don't think that's very good, do you. >> no. it's going to lead to a arms race across the middlese east. all the political warfare is going to go haywire. stuart: thank you very much for joining us in new york. appreciate it. >> the uk top intelligence agency says it has foiled an isis plot to attack queen elizabeth. we're going to tell you about it. and protests marking the one year anniversary, shots fire fired at police. the alleged attacker in critical condition. mor varney after this

stuart: look at groupon up last week and now ups cuts it's price on the stock and down it goes 30an 3.5%.

we're now hearing stop an assassination attempt by the queen -- on the queen by isis. give me the story. >> yeah. mi-5 picking up on that, that's the domestic security agency that would be equivalent to the fbi, syria is trying to arrange a similar to the boston marathon attack, pressure cooker bombs, there's a big parade coming up on thursday, it's the 17th anniversary which mark the end of the second world war, the world family is going to be there from queen elizabeth to prince charles, it's going to be a huge on crowd. and now police are encouraging people to go. don't less the terrorists win. we're aware of this threat. but of course that's going to have an impact on people whether they go or not. but they are aware of it and they're trying to clamp down on it. big level crowds, and they're all family. >> and a decade ago, the bombings there; right? >> that's right.

77. >> july 7th, 2005. but think 700 people were wounded and 250 people died. stuart: they bombed the tubes and one bus. >> yeah. stuart: several people died, it was al-qaeda linked. >> correct. stuart: islamic terror bombing incident. >> i was there then. stuart: july 7th, 2005 was it? >> yeah, 7/7/05. stuart: in ferguson last night, there was a peaceful march that ended in gunfire. aimed at undercover police officers, by the way. the moment was caught on tape during a tv interview. just watch this. >> to those who are -- get down. stuart: right there live television. the interview interrupted by what? # 40 or 50 shots over on the side there. let's bring in tea party

niger. you've been on this program before. you know the subject. seems to me we're developing into a war on police. because that was the deliberate ambush of those police officers last night. >> when the police and the community are at war, loggerheads with one another, either in a very real sense or artificial sense, which i believe to be the case with the black community. the only beneficiary are criminals or terrorists who can be advantage of the situation to cause mischief. stuart: what i hear all the time is complaints about black -- i'm sorry complaints about policing within the black community. why don't i hear something about the extraordinary level of killing that's going on within the black community, young black men killing black men. why don't i hear about this? >> you're absolutely right. like that so-called black liberal leadership

establishment cannot see that. they ignore the real carnage that's taking place and the real threat to young blackmails. and it's individuals like myself and ben carson and a slew of black conservators that raise that question. but, you know, stuart, a moment of hope or silver lining in all of this. there's a recent poll that shows the black community is more with us than they are with the liberal elites. they ask the question do you think there are too many police in the community, not enough, or just right? think the right amount? when you combine those who feel the level of policing in the community is enough, or that they want more, that number is 89%. so, in other words, with all these black lives don't matter, this operation, black lives matter and with the president of the united states being an irritant in police --

black community relations, less than 10% of the black community believes that there are too many police in their community. stuart: what do you make of the two following incidents? number one martin o'malley because he happens to have said all lives matter. number two bernie sanders runs off his own stage by two black protesters in seattle. what do you make of this? >> what i make of it, stuart, is the democratic party better replace its donkey with a picture of al sharpton because they're a bunch of racial cowards. martin o'malley in particular is a coward because he said the right thing, and he should have stood by his words. it's so just self-evident. but, unfortunately, o'malley, martin believes that the black lives matter radicals represent the black community when they do not. and if he were a serious man,

if he wanted to seriously run for president of the united states and be taken seriously as a leader, he would have confronted them and said i will not back down. of course black lives matter. but white lives matter too. all lives matter. stuart: well, said. always a pleasure. thanks for being with us again. appreciate it. >> thank you. stuart: target. doing away with gender labels on toys. no more toy i'll for boys, toy aisle for girls. no more pink or blue labels. full details in a moment. and later this hour, billionaire environmentalist says the refiners, the oil companies are to blame for california's after high gas prices. his right hand man will be with us on this issue today at 11:30 this program. 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?

♪

♪ ♪ 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: now, target stock is not likely to be influenced by this announcement, but the announcement is anyway. it's going to stop all gender labeling on stores after complaints on social media sites like twitter. all right, lauren, what exactly is going on? >> about two azymous ago a woman posted a picture of a sign in a store saying building blocks over there,

girls building blocks over there. there's no need for this. well, target listened. so when you go into the begged section, the electronics section, no more pink, blue, it's all gender neutral. so when kids are in there, they don't say, oh, this is pink, this is what i want. . stuart: do you think that kids are influenced by this kind of thing? they walk in, they don't pick the toy they want, they pick the toy that they're being pointed towards? >> that's the issue. stuart: i don't think that's true. >> yore either. clearly i don't have experience as a parent. >> will soon. >> everything i bought is pink. >> wow stereotyping. >> and there are critiques about this that when you and i go in target and buy a gift for stuart's grandchildren and we're looking for girls toys, we might go where are they? it's taking forever because they're not separated anymore

. stuart: i just think the idea that kids naturally have no preference in the toys that they play with boys versus girls. i think that's nonsense. >> yeah. stuart: i just don't think that's true. i have a lot of expert witness to say. >> how many grandkids? nine? . stuart: i have nine grandchildren. >> you know. stuart: i have six children and nine grandchildren. >> you're an authority on this with that experience. stuart: the one thing i know about. >> kids. stuart: kids. yes. let's move on, shall we? >> yes. stuart: lauren, sandra, nicole, bright and early big smiles 5:00 in the morning on the fox business network. great show you've got to watch it. next. california. yes, it has the highest grass prices in the planned and billionaire environmentalist tom says the greedy refiners, the greedy oil companies, they're the ones to blame. we'll discuss it after this we live in a world of mobile technology,

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why i shouldn't retire today. 10, 12 years earlier than i had anticipated. in the first year, his cash flow savings totaled $8,736. after 5 years, it will be over $40,000. it really is worth a call to find out if a reverse mortgage can help you too. call one reverse mortgage now and ask for your free guide. stuart: i can confidently confirm that this is a rally, good news about china spending money within their economy. maybe good news about greek banks getting cash and maybe good news on the fed, one governor says maybe we won't raise rates next month. add it all together, and

you've got 200 points up for the dow industrials. and, by the way, caterpillar stock could bounce back to $90 a share. cat is a dow stock, $2 gain helps the dow. and price of oil, we opened this morning at 43, now we're at 44.47. but don't worry. gasoline is still falling, it's gone down for 26 straight days. gas is getting cheaper. do not tell that to california. no, they wouldn't like that. statewide average there nearly a dollar higher. they're spending $1.2 billion more just on gasoline than the rest of the country in the month of july. that trend has billionaire environmentalist tom along with a nonprofit group consumer watch dog condemning oil companies for what they're calling historic profits at the expense of consumers. clearly there's an argument. joining me now consumer watch dog president jamie, jamie, welcome to the program.

it's good to have you with us today. >> my pleasure. stuart: now, if you insist on a certain blend for gasoline for the state of california and there's only a few refiners, i think 14 refineries that can create that blend, you're restricting the supply so the price goes up. my reason for the high price in california is the special blends from the green ease. where am i going wrong? >> i don't know 15 years we've had this special blend, to produce it's about 10 cents more. but what you're not looking at is the profit reports. the oil refiners themselves, chevron had the two best quarters in its west coast refining business ever in 54% of its refineries in california. and from california refineries. falaro had a 100% increase in its california profits.

so when these companies are taking literally out of that, we're paying 3.80 down the street here in l.a. 1.61 homes margins. they are deliberately keeping us running on empty. but what you're not recognizing is while those 14 refineries making our fuels, since february, these refiners have had unprecedented outages, they've stopped imports, they've kept us running on tight supplies. stuart: there have been outages at refineries. >> but they can import. stuart: do you think it's deliberate? >> i don't know because you can't breach those refinery walls. but to a lot of people out here, it does feel like the electricity crisis because we have planned as well as unplanned. stuart: it's always a conspiracy with you guys. it's always wicked oil companies. >> no. it's not. i've been following this market. you don't know me.

stuart: why do you need to have -- why do you have to have these special regulations in california? >> well, if you lived in l.a., you would say how the air has changed. but they make this when the fuel elsewhere, we don't have interstate pipelines. stuart: right. you knew that going in. >> why are you beating up on californians who pay literally billions more for gas when the reality. stuart: i'm not beating up on californians, i'm beating up on the greens who created the situation in the first place. >> but, look,. stuart: i'm trying to think. how -- what's it like living in california with the highest poverty rate in the nation, and you've imposed on them this massive increase. >> it's not the green gas formula. stuart: and now you're blaming all the wicked oil companies. i've been hearing that for a generation america. >> well, look, oil refiners chose to keep us running on seven days of fuel as opposed to 18 around the rest of the nation. they have the refining capacity to bring in this fuel. they choose not to because it

makes them more money. stuart: they're running full tilt. >> no. they're not running full tilt. they're not running full tilt . stuart: the supply is restricted and you're back to the same story. supply and demand. >> look. if we knew -- let me explain this. if we had a strategy where refiners had to show us where refinery went down and depo what reasons and they're not running full tilt, which why we had habitually low inventories, if they had to justify, they have had really big exports to south america and mexico from our refineries. we have tracked seven ships carrying 13 million gallons of fuel from our refineries. that's california refined fuel. they're doing it to jack up the price, and it is just like all over again, and we're going to reform them so californians don't get screwed again. stuart: well, maybe voters in california will reform you. because if they had a clear

choice, if we could buy gasoline without these special needing of a special blend, and we've got the price down, i bet they would vote for that and not for you. 10 seconds. your -- >> well, we have a ballot measure that's going into 2016 and we'll see, buddy, we'll see who wins that measure. i look forward to that choice. oil refineries versus the public. stuart: okay. buddy with. thank you, jamie, it was a pleasure. >> thank you. stuart: look at the price of ibm stock. it is up today after warren buffett very vaguely hinted that he may be buying some more ibm stock. count down to the closing bell liz is here who knows warren buffett very, very well and you've got him on the show today. >> i do 3:00 p.m. eastern because he landed a huge whale. precision cast parts. it's a $32 billion industrial company that makes parts for the airline and oil and gas industry, and he's just made

this gigantic purchase, the biggest of his entire career, and he did hint in a conversation that he's interested in ibm. i don't know why. i really don't. his cost basis of that stock, he's been buying it 165, mostly 170, he says such a long term play. stuart: but he likes these industrial companies. i mean he's been left out of the apple and the oracle and the google but he doesn't touch them, he doesn't invest them. >> he loves the industrial. stuart: he likes the industrial. that's where he's made all his money. >> he bought a couple of years ago lubricants and nothing chic about what he buys but, boy, does it haul in the cash. burlington northern. that's an entire railroad. stuart: his profits are down what? 37%. >> year over year, yes, they are. paper profits why? because his stock portfolio, which is close to 100 billion, may even be more, he's got american express in there,

ibm, which was down 14%, american express has gotten hit pretty bald. it's not the credit card of choice for costco anymore. so his paper profits in his portfolio that he owns, has fallen. stuart: now, i think he's in his 80s. >> he will turn 85 this month. >> he's still in the game, negotiates isn't that amazing . stuart: yeah, but he's got an change the game, he's not going to go for the apple and the googols. >> no. because the way it is with the precision cast parts, he gets 27% making parts for them. he has bought into both basic electronic utilities and also invested in solar power and wind power. so he's spreading the wealth. stuart: okay. >> but is he doing the acquisition because that's the only way he can build up those profits? >> well, he looks at the long term right now, lauren, that's an excellent question because i think this is how he thinks. when i'm gone, of course he

never says that because he thinks he's going to live forever. when i'm gone, i need companies that will just shed the cash, just bring in the cash, that's railroad,. >> yeah. >> and that's a company like precision cast. stuart: he will live forever on cherry coax and hamburgers. >> 85. cherry coax, hamburgers, and peanut bring that. stuart: well, there's a commercial for coke. what time is the show? >> 3:00 p.m. eastern warren buffett will be speaking to me because i have some great questions about that gigantic purchase. and what company does he really want to buy for his birthday? . stuart: all right, liz, thank you very much indeed. we will be watching. >> thank you. stuart: an ecological disaster. 3million gallons of toxic wastewater from a gold mine accidentally released into a colorado river. and get this. environmental protection agency is to blame. >> the president is away on

vacation when you would have expected something about this ecological disaster from these lefties who are very attuned to this stuff when it's caused by a private enterprise rather than by one of their own copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. spiriva helps me breathe easier. spiriva respimat does not replace rescue inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva respimat. discuss all medicines you take, even eye drops. if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain or problems passing urine, stop taking spiriva respimat and call your doctor right away. side effects include sore throat, cough, dry mouth and sinus infection. nothing can reverse copd.

spiriva helps me breathe better. to learn about spiriva respimat slow-moving mist, ask your doctor or visit spirivarespimat.com >> i'm nicole with your fox business brief. and the last seven days the dow jones lost about 375 points but look right here. the dow jones up 217 points, the s&p up 22 points, the

nasdaq up 45, all your major averages bang ruffle 1%, give or take. and energy of all the ten sectors energy leads the way here on friday all last week and bigger picture, exxon, all with up arrows and all 40 names in the s&p 500 with up arrows. we have other big movers that are notable. up more than 10%, hearst up 5% and groupon, that's coming under pressure at a new low, that's down. and shake shack ahead of its quarterly report under some pressure and we can see right now that's down 3.5%. make sure you start your day right here on fox business 5:00 a.m.

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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. . stuart: just a week after the obama administration announced tough new rules to cut carbon emissions from power plants, here come the lawsuits. blake is in washington with details. who is suing who? >> all right, stuart, here's what i can tell you. the attorney general in west virginia, his name is patrick. he's one of those who is taking the lead here. his office tells me that they're looking into building a coalition of some 20 to 25 states to legally challenge the new epa rules announced by president obama last weaning that call for a reduction of carbon emissions by 53% by the year 2030. now, i'm told the looming legal challenge is being working on every syllable day and a part of that includes

the exact strategy of how to go about it and when the timing of something might be field filed. so to answer your question whose name might be on the top of that organization or where it gets filed or when, that is all basically being worked out as we speak. now, we also contacted an epa spokesperson earlier this morning. they say, stuart, bottom line they believe this is lawful. here's the quote they provided us. the legal foundation for this rule is laid out in great detail. we have responded to comments in a transparent way, and we are confident that this is consistent with the law. bottom line i think, stuart, here. bulk up. it's coming soon. stuart: yeah, bottom line. the lawsuit's been filed. blake, they very much indeed. appreciate it. >> thanks. stuart: you have seen the video. it looks awful, doesn't it? it's an ecological disaster. the epa accidentally releasing millions gallon of toxic waste to the colorado river. national review reported jillian is here. go through it for me. what happened?

>> so the epa with a goll mine that's been out of operation since 1920, we know that heavy machinery was involved, something went wrong, and they released this metal tainted water into the river. now, this water, we're still trying to figure out what is in it exactly, but earlier reports said heavy me that, copper, the acidity went up 100 followed and now on its way to new mexico. so you've got water facilities turning off their supply, we don't yet know the affect on the fish and wildlife. they say it might be minimal. but one thing is pretty clear. this is a huge disaster for the epa. stuart: ashley, you you just went on the computer and you're telling me what? how much water is still. >> 300 gallons per minute. stuart: 300 gallons a minute? >> yes. still pouring into the river. when i look into the map, it

goes -- it's down into the san juan river, which is a huge river that cuts through the four corners region that, ultimately, hooks up to the colorado river. would it dissipate enough by the time it gets to the colorado? or that could be disastrous. >> i think it's still unclear what's going to happen. you look at the epa's response to that. stuart: look at that before and after. >> devastating. you know, i was talking to people on friday they said this was thick sludge, mustard yellow. they've never seen anything like it. but it took the epa24 hours to respond. they've already had to admit they made mistakes and severely under estimated it. at first they thought it was a million gallons and now 3 million gallons. look what would happen if it was a private company. stuart: yeah, if it was exxon or a private company, they would be out of business. about it's not. private contractors hired by the epa. >> well, right now the epa is

taken responsibility. they've said that this is a ipa project. and they've declared a state of emergency. stuart: well, the cleanup has to be liable for somebody. judge napolitano on the show they really morning said it's the taxpayer. there's nobody else that you can take this money off. it's the taxpayer. >> yeah. look at the precedent that the epa has set, in 2015 fiscal year alone, $1.5 billion fines the epa on private industry. $3billion court ordered community prospects with the environmental twist ordered on by the epa. so the epa needs to hold itself the same standard that its held private business. stuart: yes. but we would be hold to the same standard. punitive damages or whatever it is. you're looking at billions ask billions have dollars. but we don't yet know or the epa has not told us the affect on the fish and wildlife in the river. >> last i heard, they're

getting tanks and the epa says they don't think it's going to be a significant impact. but i read reports of one another fish that has died already. so. >> telling people to stay away from it and their pets. stuart: and you've got a state of emergency in parts of colorado. >> you sure do. and, you know, i was talking to, you know, representatives out there they were saying that the sheriff has ordered people to quit fishing, quit going out into the water because it's potential for skin irritation. and this is a part of colorado that is not only known for its agriculture, it's known for it's tourism, it's fishing. stuart: thank you very much for being with us. >> thank you. stuart: could be bad news for watchers of hulu. yeah, bad news for you guys. details next. >> join the real worrell

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it's when the brand-new iphone comes out, 6s, whatever it is, if it comes out and you want to buy it, it probably cost apple $200 to make, but it's going to cost the full price that they sell it for. $600,. stuart: so if i have a two-year deal like in the old days, you would get the iphone cheap. >> yeah. stuart: but not now when i go and pay a higher price. >> but can you switch those payments out? >> yeah. you're ultimately going to have to pay for it. and i'm also reading that as more carriers do the month to month thing, government squeeze the subsidies. stuart: so that's why verizon is up? >> yeah. stuart: it's up because they're going to take in more money. >> yes. stuart: basically that's the bottom line. >> and i guess in the previous hour the guest said that people will spend on phones but they're not going to spend as much on the tablets, on the pcs, so it's all about phone growth. stuart: i'm just not sure what we're really going to see on

september the 9th. i don't know -- >> 6s. stuart: look at the new 7. i don't know that and they haven't said. quickly. hulu saying goodbye to binge watching for certain shows. it's going to be releasing its original series one episode at a time here out. what shows are we talking about? >> a show called 112263, casual, the way, the mindy project, you can watch them once a week. this is to build up buzz so we talk about it. >> i'm actually heartbroken. i don't want it. that's old school. i don't want to have to wait a week. >> i know. stuart: you want to binge. >> i like bindl binging too. once all the shows come out, just real quickly. content producers right now are working on more than 400 original shows for the season stuart: whoa. >> original is where everything is the original programming. stuart: excellent. quick to check the market, almost the high of the day,

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>> the cost that college and universities are charging families is the biggest scam in america. the financial scam. the problem is what they are proposal i've looked through details of this will not reduce the cost of college whatsoever. it is simply shift the cost from the people getting the college that is students and families on the rich people. >> exactly right that was steve moore own hillary clinton's new plan to fund public colleges. now, here's what you had to say about that on facebook. first of all, more comment on the college plan. more redistribution of wealth rather than creating wealth. democrats continue to rub one program to feed another. john says this about carly fiorina listen to what she says and the way she says it if

america wants a proamerican is what we need that was from john. my time is well and truly up with the dow up 200 point neil cavuto it it is yours. >> corner of board an wall we have indications that a federal reserve vice chair fisher saying you know maybe the fed can wait for an interest rate hike that there's no rush to do this that got market pouncing early on and then we have this warren bust deal for precision cast parts. 37 million transaction that shows smartest investors on the planet think there needs to be market made so be it. also hinted about sniffing around the ibm exploring this. all of this with a surprising day about a government initiative and hillary clinton is planning. i say surprising because it works almost any other effort that she has talked about when it comes to big government. of 350