tomorrow, one of our guests will be former model and ceo, kathy ireland. we'll cover retail sales the big number of the week on thursday. "varney & company," stuart have a good show. stuart: we will. thanks very much, maria. china takes action, our stocks down. google reorganizations, its stock up. trump leads in iowa republicans worried. good morning, everyone, big day. here we go. is this desperation? china cuts the value of currency, and they want their stuff cheaper here. what will trump say about about that? investors here don't like it. and google stock up maybe 40, $50 a share. they are a he reorganizing and figure out why investors like that. hillary clinton using donald trump as a hammer to beat up the g.o.p. trump leads in iowa and this is the so far unstoppable orange tide of ecological disaster.

it's flowed into new mexico. still no outrage, greenies. watch out, this is a big day. "varney & company" is about to begin. ♪ an update, state of emergency declared. more protests last night. it was tense. demonstrators blocked off the highway through objects of police. at least 23 arrested. this is the fourth straight night of demonstrations to mark a one-year anniversary of the death of michael brown. there were no shots fired, no burglaries, no property damage reported during this protest. it looks from the outside a bit like a war on the police. later this program i will ask alvita king for her assessment of that. to the markets, look at dow futures, please. down 180 points and that's before we're open for trading. that's a significant loss. they fiddle with their

currencies or currency over there, and your money is affected here. ashley what is going on. >> it could be a full-blown currency war, china very worried about their economy. devaluing the yuan to make their products cheaper so it's more appealing. it leaves the u.s. denominated in u.s. dollars more expensive. we have the fed thinking about a rate hike and as to the power for the u.s. dollar. that in turn hurts u.s. companies whose products become that much more expensive. so what happens, you basically see if this has any impact on the fed and their decision about a rate hike. it can slow down the tightening of the policy by the fed. i want to see how apple opens today. they do enormous business in china. if their products are now going to be more expensive in china, i think they've got a problem and that will be reflected. ashley: u.s. multinational companies have exposure to china. stuart: we don't often lead with china, but you have to

because it's an impact on our market and the currenciesment if this is the race to the bottom for racing currencies around the world. that's a problem. ashley: it is. more on that. hillary clinton taking clear aim at donald trump. she says he's having the time of his life leading the republican party. a quote from hillary. she says it's all entertainment. she's using trump as a cudgel to beat up the republicans. >> why doubt that he is having the time of his life and for me, it is entertaining, but saying that he represents the republicans is a complete misunderstanding of the entire political landscape. stuart: really? >> even the people supporting him say they support him because he's not the establishment because he's not the republicans because he's outside of that because he's actually billing himself as being someone totally separate from that. that's not really a fair assessment.

stuart: the republicans have to deal with this guy. leading in iowa, 19% of support in iowa and he's leading the pack right there. republicans have to come up with a way of dealing with him. what are they going to do? >> i don't know. i really don't because a lot of people do consider him entertainment, but a lot of people are taking him seriously. not even to the point he can say inappropriate things and people defend or excuse it, but if you say i didn't really like that, anyone who says it was inappropriate is attacked by his supporters. ashley: a problem for the g.o.p. right now. what does he do? the whole issue of an independent run is hanging over the republican party like damaclese sword. he's leading resident roost. what are we going to do? he's running on the g.o.p. ticket and hitting a nerve and don't always like what he's saying. does it reflect badly? >> if they attack him.

he comes back with venom. >> really bad. i wrote a piece that was critical of him, and oh, boy, his supporters are coming after me on a very personal level. stuart: really? >> yeah, absolutely, absolutely. so-- >> at the moment would you say trump is a plus or minus for the republican party? >> i think the way he's changed the discourse and showing just how fed up people are with politics and with political correctness and they want someone who isn't going to adhere to those things, that's a good conversation to have, but the comments that he's making, having those affiliated with the republican party, bad. ashley: he think the more people involved in the process the better. 24 million people tuned into the fox news debate due to donald trump and the more people the better. stuart: have we got a camera on the gentleman to my right? anxious to say-- >> you know, this is anecdotal and not scientific. when i was filling in for

geraldo rivera, callers call in, talk about anything they want. 10-1 against megyn kelly and in favor of donald trump. i was astounded, astounded at the depth of his are the support and about the breadth of the venom towards our colleague. stuart: we'll have more from you and more on hillary clinton. i've got to show you what's going on in the oil market. we are down and i mean seriously down. we're going to lose about 180 points for the dow industrials, the we're down 1.40 a barrel on oil. 43.55. the upshot is that the price of gasoline is going down. in tennessee a couple of stations at 1.86 per gallon. come in, patrick dehaan from gasbuddy.com.

what's this about a big refinery in the midwest going down that might in some areas reverse the down trend in gas prices? tell me. >> i have to chuckle when this kind of thing happens after such a down stretch in price and that's right, stuart. over the weekend, a major refinery, bp's refinery ep largest in the u.s. went down. one of its largest crude disstilllation units, a unit that could produce gasoline went down, that's the biggest unit in that facility. we saw wholesale prices spiking, so motorists in the midwest will probably see higher prices even as the national average may continue to go down. we're going to have different trends now just like we saw in california prices were going up as the national average went down. now that's going to happen in the midwest and prices will probably heat up in the midwest for a couple of weeks until this refinery issue is behind us. stuart: okay, absent the midwest and absent california as well because they're still way out of line in california, do you see--

am i right in saying that maybe the pace of the decline in a lot of states is beginning to pick up? do you agree with that? is that factually accurate? >> i would say it's factually accurate, absolutely. stuart: i'm looking at a map on our screen right now, regular in south carolina, i think that's an average of 2.17 and 2.21, mississippi 2.22. arkansas is at 2.30. we're coming down, are you sticking with your forecast by the end of next month we've be $2-- the judge is laughing at this. i don't know why he's laughing. are you sticking with the end of september below $2 a gallon in several states? >> i think absolutely. we're already knocking on the doorstep. we're talking about gas prices and in some stations $1.86. the biggest thing here, stuart, is not necessarily what's happening now with prices slowly going down or in some places now heating up. the biggest drop will start in

mid to late september and that will bring some of the states perhaps two weeks after that, to sub$2 and the biggest drap is -- drop is going to start in mid september. stuart: we've heard it before and indeed, thanks to patrick dehaan. and our judge, andrew napitano, are you going to drive your car to south carolina to fill up? [laughter] >> it would be in character, wouldn't it? >> that's all i was laughing at. stuart: i've got to bring you into the conversation here, inn had has signed a statement and sworn that she's turned over all of those e-mails. judge, that's taking an oath. that puts you in legal jeopardy, doesn't it? >> yes, it does. a couple of key issues i would want to emphasize here. first, the judge who ordered her to sign this, ordered her to use the very language, quote, under penalty of perjury.

now, when a judge orders someone to use that language, the judge is signaling to that person, i don't trust you. stuart: really? >> i have to remind you that you are doing this under penalty of perjury. the phrase under penalty of perjury is rarely used in an affidavit or any type of sworn document because people understand when they swear to tell the truth, they're doing so under the penalty of perjury. rarely does a judge remind the person and order them that they must use that very language. >> and she has sworn that, yes, she has turned over all the e-mails? that's what-- >> she has done that and that means that she doesn't have the server. stuart: oh, really? explain that. >> if she has the server then she has not surrendered all the e-mails, she still has them on the server. if she doesn't have the server, who has it? where is it? that will be the next round of questioning and i predict this judge who was appointed by her husband may very well order her

to produce that server in his courtroom for his own experts to examine a lot quicker than the congressman. stuart: ooh. that will be dramatic, would it not. >> he's no nonsense and he believes that she has been hiding things. stuart: this judge, is he in a senior level? a federal judge or-- >> federal district court judge. stuart: okay. >> is he senior? yes, appointed by her husband in 1994. entry level, district court, circuit court, supreme court. stuart: so there are plenty of ways to appeal and appeal. >> if he orders her to produce the server, the campaign is over. >> really? >> she couldn't produce it with what's on there. she destroyed 3000 e-mails about of she gave the rest.

the server would have those she destroyed. 20 minutes you have a mass sucking in of-- >> that's my job. stuart: thank you very much indeed. and we have news on greece, looks like they're going to get their third bailout. what was this about? >> the third bailout helps to pay off the second bailout, which pays off the first bailout. the game goes on. it will go through and they have another payment to the ecb on august 20th, around the corner of another $3 billion. it appears that another lifeline will be thrown out, a matter of time before they ask for fourth bailout. stuart: let me straighten this out. they've got more money coming in now so they can pay money out on august the 20th. >>. ashley: essentially the ecb's and the europeans are paying

themselves. stuart: on the screen we've got the dow industrials likely to open 160 points down. nothing to do with greece. >> no. stuart: everything to do with china. ashley: currently. stuart: that's the story. all right, a big happening at pepsi. okay? there's a headline for you, you soda drinkers. lauren has it in case you missed it, what's the story? >> that's the problem, there are not many soda drinkers or diet soda drinkers. pepsi changed it and swapped out one artificial greet for another artificial ingredient. it's on the store shelves. and aspertame is taken out and replaced by sucralose, that's in splenda, and is it enough for those who shunned sodas and artificial ingredients? . on the high seas, all will have wi-fi. up to $25 a day, depending if

you want to log onto facebook or do something fancier like skype. adobe systems now the third tech company to improve its family policy. new moms get 26 weeks of paid leave. it was last week that flexion is letting moms and dads take off as much time as they want to. and new moms get 20 weeks paid leave. the message is more companies outside of silicon valley shall do this. >> we shall see. tune in tomorrow at 5:00 in the morning, please. 5 a.m., lauren, sandra, nicole, on fbn a.m. china, yes, it has cut the value of its currency. they will ship out their stock and make it cheaper here and make our stock more expensive there. that's not good for our exporters and that's a reason why the dow industrials will open sharply lower. the full story in just a moment. this allergy season,

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>> headline of the morning so far and it's affecting our stock market. china devalues its currency of the bring in peter morici from washington. my first reaction when i saw that, that's desperation. they are desperate to shore up their economy and export more stuff to us. what say you? >> absolutely, china's economy is coming apart at the seams. and the huge trade surplus with the united states and its currency is undervalued and starts to depreciate its currency and export unemployment. between, what the germans are doing to southern europe with the euro and what china is doing in the pacific, we have an access of greed. when currencies go crazy around the world. everybody is trying to get it less valuable. the yuan in china, the yen in

japan. the euro in europe. isn't that a sign of trouble and instability around the world? >> sh absolutely. it's been sapping the world's growth. s that's why mexico is not growing, the united states is not growing, japan is not growing, and germans, the euro was concocted to facilitate german exports and starves the rest of the economy. it's headed for a period of slow growth. you think that greece is the only one? >> who else do you have in mind? close to default, real default. >> pouerto rico, if the european economy goes into recession again, they will have to print money to keep the italians estand yards and portugese and

spaniards. stuart: clarity. that's what you deliver for us, pet peter. thank you very much. 1% lower at the opening bell, ten minutes from now. in seattle. minimum page. 11 in april. guess what happened in may? you won't believe it. full story in a moment.

>> not a good sign for the rick perry campaign. he stops paying staffers. what's with the-- didn't john mccain have-- >> john mccain had the same problem, well, back in july of 2007 as he was making his run. he got very low in the coffers, and the super pacs kicked in and money restored and the same thing with perry. super pac says we're on it, we' we're-- we're slicing the pie so many times. the perry campaign says we're low and let people go or they become volunteers. stuart: how about this one, seattle restaurants suffered the worst job losses since the great recession. minimum page goes to $11, and a thousand restaurant jobs were lost in may.

i mean. ashley: the worst decline since well, 2009 great recession. stuart: didn't wendy's predict this? >> wendy's ceo says the minute you have federal mandates on wages, we're going to have to start making alternative plans, one of these being the kiosks, taking the place. instead of 6, 7, $8, you're getting replaced by machines. it's a reality. and they're at $11 an hour and already, at $11 is too much. stuart: they don't go to $15 until 2017. ashley: correct. stuart: what will happen then? and china, they devalue their currency and sends our market sharply here. and you can watch it happen three or four minutes from now. the promise of the cloud is that every organization

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stuart: a judge ordered her to sign this ordered her to use the very language, quote, under penalty of perjury. when a judge orders someone to use that language, the judge is signaling to that person i don't trust you. stuart: judge napolitano went on to say if he has heard in court

at the end of the clinton campaign. strong step in the judge this morning. tune in at 9:00 sharp to start the good stuff. five seconds trading will begin on wall street. you will not like what happens because we are going down. looking for 150-point when trading has begun to 24, 45, 52. we are down 100, 150 points. the chinese fiddling with currency over there clearly affect your money right here. look at the market go down. joining us kevin kelley, joe link and come ashley webster. why is our market falling out of bed because china reduces the value of it yuan. >> good morning from a sewer. at another market falling out because of china is devaluing.

they continue to ponzi scheme being built to our markets have been down and was more coming back down based on the commodity structure. we still see tremendous lows and commodities plus the world manipulation. ben bernanke started this five years ago. because the experts are extremely bad, they now try to bring current the july work -- stuart: you sound like an apologist. ashley: the chinese move makes them look desperate. how strong is the chinese economy or how we get there. look at what is done to the price of oil. the demand for crude out of china will be reduced and expected because the economy is the fact day.

stuart: >> experts in germany at 8.8% last month. we saw china down 8.3%. these are bread-and-butter for china. they've got to de-peg getting stronger. >> what they try and do is change their economy from an export taken humor driven internally driven economy. you also have the layer of this certainty. can the chinese government pull this off? the record is not good so far. transit it may make the cheaper to increase exports. they have just been more. >> demand is that they rely on here. it's not necessarily certain at all. the dow was down 160. calling upon you to speak.

they've got so many problems in china. you can go all the way through but they've really developed because you never get a straight story from china. we are seeking some significantly problematic that could create a bigger problem. >> the last point is that pmi was down and the lows. it's a strong economic indicator. no one is purchasing and stockpiling future growth. tree into china is in trouble. our market goes down 176 points as we speak. completely different direction. look at google. there's a big restructuring on the way. they'll have their name, alphabetic. explain what this is. >> google will become one part

that irks shyer hathaway in a lot of ways. the idea is to separate the moneymaking business which is an dry, chrome search into google and google life, driverless cars from extending life of a human being and innovate separately but also generate money and satisfy investors. stuart: the money faster on this side, why is that work a 4.5% is for google? >> this will help re: give clarity where the costs and expenses are. youtube made $4 billion last quarter and revenues but it did make a dollar so we are trying to figure out where they had their cost for a lot more transparency which people want and helps them retain top management. rumors were twitter may have been trained to coach the ceo of google. >> another thing about sundar

pichai as he's known to be a superstar but in all the different products we use everyday plus you can't forget the new cfo slumming things done in making things work. investors in the last earnings report. stuart: they love it today. we've got to look at gap. sales down. investment terms have cut their target price. the dow is down or anyone then. >> then we've got the shack. i've eaten there on occasion. program fries, same old, same old. >> they allowed wall street in the latest quarter. the antibiotics for your burgers they have. the established restaurant soared over 12.9%. they're expecting a rise of

8.6%. without we saw the stock surged up 6% now 2%. i should say the ipo in january was a $21 ipo still 220% higher than the ipo price. stuart: it is done well. workers, fries and shakes. >> there were a little worried, but today no worries. stuart: we have a millennial with us. that is jo ling kent. >> at siliceous gum accessible. nicole was just talking about you also have ceo over there who is very a top of it. tree into burgers, fries and a shake. >> remember, fox news on the decline for service reasons. shake shack is different. it is not mcdonald's and burger king. you've eaten there before.

stuart: the market guys here. >> is only a 2% because insiders are floating 4 million shares at the top here. a secondary offering coming out. saying that the food is tasty, maybe the stock isn't so much. >> overall restaurants not performing. that is the broader scope we're looking at. unless you're ipo restaurant this year. stuart: i am remiss here. i must remind you to tune in at 5:00 a.m. eastern time early in the morning if you want to watch our stars perform at 5:00 a.m. people watch "fbn:am." the other side of the shake shack's tory is craft time are selling myself. here you have the traditional come to me old-fashioned process food down and shake shack for my burgers, fries and whatever. both have had a hard time

integrating companies. craft down 5%. heinz down 4%. it's interesting. it has been a bit of a struggle since emerged. it is not a millennial story. it has to do with global growth. emerging markets are down. now the dollars on stronger and it's a big readthrough. it doesn't have to do with the millennial generation. they are shopping and eating really well. >> thank you very much. good analysis. >> i would like to go to an important market showing a big move today and that is the price of oil. look at it go down. we are up $1.50 come a significant move for oil. 3.5% just like that. if you've got much lower demand

for oil and gasoline, the world price goes up. >> second-largest economy in the world. >> that's been around for a while. the other side of the crude oil story is lower gas prices. the pace of decline is speeding up. today we are down at 257. it is still cheapest in tennessee. a couple stations there up $1.86. todd horovitz, we are looking at oil now. that is your territory. is it down in part because of what is happening in china? >> i think it's because of china but also heading over here under severe pressure in the entire commodity space. there is lack of demand throughout the country, throughout the world and with our economy supposedly getting

better it's really not. oil and commodities are telling the story they are going nowhere. some are down here in the 42 level was some support. commodities are bottoming out here with some dramatic drops. in your case, gas prices will come down to be under $2 by the end of the year. stuart: we like to hear that. very good. we doubt what the markets. now we will deal with an issue. seattle restaurants suffer the worst job loss since the great possession. april of this is the minimum wage of faceted operations in seattle went to 11 bucks an hour. and they come with the other restaurants dropped 1000 jobs just like that. the minimum wage legislating wages doesn't work. >> goes to $15 by 2017. job losses on $11 an hour. nationally restaurants have added 130,000 jobs.

>> elsewhere in washington state they've added restaurant jobs. just in seattle with the minimum-wage hike. >> when you add increase minimum wage it takes up the find gems like that is available. you can't force people to depart your restaurant you can only afford a certain amount of wages. you have to remove jobs to make up for that. stuart: maybe this'll force faceted operations go technology. ashley: they are dr. stuart: maybe stocks will be something to buy. >> into thinking that the margin is for any franchise the. stuart: moved the margin. you will get a buzz for that. but the profit margin? >> with the profit margin and make them bigger. i thought we were on the same page. stuart: we've got it. dow down 170 points.

the last 11 minutes have gone straight down. oil is down, golda yuan alex. come in the top of the hour. the colonel tells us what it wants to hear for the republican candidates about the war on terror, iran, isis. you will want to hear what he has to say. is a sound made machine. remember this? sorry, we will bring it to you shortly. when you hear it, you will remember it, too. the dow was down 165-point. back in a moment.

stuart: look at this data bus carrying 50 prison inmates overturn in arizona hit by a semi truck. the driver of the bus in bad shape. some of them take the local hospitals. the driver of the truck was not

hurt. all inmates have been accounted for. check the big board. down 150 points to the dow jones industrial average. for some people this looks bad, too. trump leads in iowa. republicans worry. he said 19%. 19%, 12% in carson, scott walker come 11% jump bush and 10% for new entry. come on in. republican strategists bradley blakeman. you've got a deal with donald trump. republicans have to deal with him. what are you going to do? >> we have to make sure that every candidate that they streaked through to republican principles. they have a brand to protect as mr. trump has a brand to protect. we have to police are run and make sure every candidate speaking for the party does the response delay. cytosol republicans are doing is checking candidates but it so

happens mr. trump needs a little more attention. stuart: buddies got you worried. you can be happy about this bombthrower at the top of the polls. >> no, i don't think we can be happy. his sharp tongue can only get it so far. right now the polls are popularity contests. primaries and caucuses are much more than not. their infrastructure task of the structures of leadership and grassroots which comes doesn't have any of. right now is trading off in something you need more than that to win. stuart: after the debate and controversy, perhaps you may expect that donald trump to not use back in what he says that he's back in the polls. hasn't happened. he's way up front in iowa. >> well let's see what happens. a long way to go in iowa doesn't predict who the nominee is going to be historically.

once we move past iowa to new hampshire, south carolina and nevada, that is where you will see the rubber hit the road and new has infrastructure to win. you need is on the ground and pollsters as much as trump like to talk about pollsters, because polls all the time the claims he doesn't need them. without it you can't trade just type your name. getting people to the polls in low turnout events determines who wins. stuart: okay, it seems the 17 candidates in the field the amount of money available to be too then misplaced very, very thinly. the competition at the moment is surely going to be get me into the top tier so i can get money from the super banks. it is a money race at the moment. >> that is right. trump is leading the polls but yet he doesn't segregate his

funds. because i'm worth $10 billion. if you're serious about the full distance in the nomination but the election, why would you transfer 200 million because you're not taking personal donations. the fact he won't do it is telling into whether his heart and his dinner. >> the two debates for the best advertisement for the republican party you could possibly get. 30 million people saw some or all of two debates. you can't get any better than not. you've got an audience, for once in your life you've got an audience. the question is why did they tune in. the 24 million at the 9:00 debate, the reason they tuned in this because of donald trump. they were looking for a car wreck and i think they got one. the question is what is their appetite for the reality television. sooner or later reality will set in on donald trump and his fortunes will change.

>> the reality of 10, 15% likes this guy because the bloody thing and how he's saying it. that will be with you the rest of the campaign. you've got to deal with them. i'm not sure you know how to do it. >> we have to deal until such time. you do need campaign infrastructure. you need boots on the ground and you do need polling and all the other accoutrements of a campaign to win. so far we haven't seen that. stuart: bradley blakeman commit thank you for joining us. lori mcelroy getting back to competition. he's taking part in the pga championship this weekend. jordan jordan spieth may be worried. and the orange tide started in colorado now spread to new mexico. the epa lab lose the orange type

of that in a moment. first, a local tv anchor gets upset on how much coverage is being given to substitute. he continues his ranch when he thought that. >> i'm having a good friday so i refuse to talk about kardashians today. you are on your round. i can't do it. i thought about kardashians. >> we've got to get to it now that you mentioned it. >> highly gendered -- >> let me ask you this. >> he laughed. -- left.

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and you could save up to $509. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. the stuart: china devalues its currency. that does affect your money here specifically the stock market below the day down 183 points. a seemingly unstoppable tide of ecological disaster has now floated to new mexico. where are the greenies on this? >> if this were a private company they would be an absolute outrage. instead the epa waited 24 hours by the way before sounding the alarm says it looks worse than it is because it is still looted iron turning and orange.

however, there elevated levels of ours copper and zinc. the epa says there's no impact on wildlife detected so far. they haven't found any cap wildlife. they've had one fish diet that was tested in the water. they are downplaying it when you see levels of arsenic and lead 3000 times higher than they should be, you can't tell me that it's no big deal. it is a big deal. stuart: tpa is soft tpa is soft peddling the same as ugly as opposed to an ecological disaster. watch out, jordan spieth. rory mcelroy will be back this weekend. ashley: i like both. jordan spieth could become the world number one. if the results are not in his favor this site can different. he could be the number one

player. but rory, don't play soccer. it could ruin your career. stuart: here is that we have. president obama's war on coal. we have a climatologist who says it will add $100 a month to you or the true city though. top of the hour, ralph peters never afraid to speak his mind. what should republicans be saying about iran and the war on terror? we'll ask him. get ready for more on this. >> he doesn't know how it works. he doesn't care how it works. rand paul is a garlic hidden. he is trying to further his own political ambitions and remind of senator joseph mccarthy with the exception of a car seat going after communists were as ran policy attacking the patriotic intelligence professionals.

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> >> 10:00 eastern, here are the top stories. china is doing everything it can to save its economy. investors don't like what they're going to be here. stocks down triple digits this morning. seattle's minimum wage increase, hurting the people it's supposed to help. the city losing more jobs than during the great recession. a former nasa scientists says it will cost households an extra $100 a month on average and have no affect on global temperatures. that guy is on the show. and hillary clinton buying the youth vote with promises of debt forgiveness and cheap college education. we'll ask a millennial whether he's going to take the bait. the second hour of "varney & company" starts now. ♪ >> i've got this just in. breaking news on the car crash that severely injured comedian

tracy morgan and killed one other person. the national highway traffic safety board says that the vehicle that morgan was travelling in had been specialized customized making it difficult for passengers to escape in an emergency. there were passengers who were not wearing seat belts. and that's from the n.t.s.b. now, look at this please, a triple digit loss and then some without 175 on the dow. and china in a desperate measure to help their economy, hurts us. and the price of their economy is slowing and they won't need as much oil or gas and down goes oil. look at this, gas is coming down as well. 2.57 is the national average. we're down for 27 straight days. and still, in tennessee, there are stations selling gas to you for $1.86.

going the other way. google starts restructuring there, a new name for, it's called alphabet. the stock won't change, but the price has, up $37. it's separating off the money making side from the moonshot side. separating the two and investors like it. up 5% on a stock that big. a state of emergency declared in ferguson, more protests last night. demonstrators blocked off the highway, 23 arrested, at least 23. and this is demonstration a year after the death of michael brown. no looting, no property damage during the protest. next hour, we're talking to alveda king, the niece of mlk, what i'm going to call a war on police and let's get her take on that 11:30. i want to talk about the g.o.p. and many candidates talk about supporting our troops.

not all of them have laid out a plan for global security, at least not yet. colonel ralph peters joins us now, welcome back, i can see the smile on your face, you're getting ready for something, i know you are. what should-- what do you think that republican candidates should be saying about our national security and the war on terror? what they need to do isn't just provide specific down in the sand details of how they'll deal with isis or iran. what we really need a commander-in-chief ask to do is to layout the frame work for how he would employ our military in the future. and it's easy enough to say, well, i'm going to support our troops. they think in terms of give aways. it's more welfare for the military. we're not harming a ar arsenal. what i would hear is that the leading candidates running for

president to say, one, i will send u.s. troops into harm's way as a last resort, but if i must do so, we will fight to win. if i must do so, i will not be deterred by the international media or by polls. i will win. if i must send troops into harm's way, i will not second guess our troops. i will not have rules of engagement to protect our enemy, but to protect our troops. we've got to the point where the battlefield is so dominated by lawyers, we're told by the left that victory is impossible in the 21st century. if you really care about the troops, care will america, fight to win. as we discussed just last week, stuart, the greatest immorality isn't is in errant bomb killing children, the greatest is for the united states to lose. maria: but you've got to look

at the mood of the country. does america at this point wants to send troops-- lindsey graham in the first debate said, i will send troops back into syria, i will send them into iraq, does the country want that at this moment? i know you're going to say well, we should be led towards victory, but you've got to win an election first. would america elect someone who says, i'm going to do this? >> i think the key is to stress that this is the last resort which never just deploy american power, really, what you want in a commander-in-chief isn't a cowboy on one side who pulls the trigger before he thinks, but you didn't have a ditherer like obama who can't make up his mind. you learn that a mediocre decision made promptly, and-- i'm sure it appears in the business world as well. i truly what we need is an

adult, a decision maker not afraid to make decisioner, but who doesn't make rash decisions. as far as the american people go, the american people understand that sometimes you have to fight, but they're tired of losing. they're tired of wasting the lives and crippling our sons and daughters for no positive outcome because we have presidents who are poll driven. i was in flallujafallujah-- i'm sorry, with the northern kurds, and the marines 24 and 48 hours of a total victory and president bush panicked because the media labeled us as barbaric and inhumane. and we were going to have to go back in six months and we did the casualties were higher. and the american people support wise judicious action, but they don't want our lives wasted.

stuart: i think that's very true indeed, ralph. let's see if any candidate takes the line that you just laid down. >> thanks for being with us, sir. >> thank you, stuart. stuart: hillary clinton a bold promise about the e-mail system, she signed a statement saying she turned over all e-mails sent and received during her time aspect of state. she signed it under the penalty of perjury. and here is what judge andrew napitano had to say about that. >> she has the server and then she has not surrendered all the e-mails, she still has them on the server. if she doesn't have the server, who has it? where is it? that will be the next round of questioning and i predict this judge who was appointed by her husband may well order her to produce this server in his courtroom for his own experts to example. stuart: and the next steps was,

if that server appears in that judge's court, that campaign is over. that's what judge napitano had to say earlier on this program. still on hillary, the so-called college plan. $350 billion what it will cost taxpayers over a 10-year period and that money will cost from taxing the rich. memorial charlie kirk is with us. >> i know i'm i am clined to come down and say your generation, you can be bought by the left because it's surely very attractive the idea of some of student debt be forgive ten. it's attractive that you can go to college, public college free by taxing the rich. there are come-ones. are you going to buy it? >> i personally won't, it's tempting, but lets he a talk about this, it's 50 years in the making. the only reason that hillary clinton can make those promises

because government has created so big and vast over the last 50 years, big government policies created catastrophic, and college tuition is up almost 133ers over the last five years, and look at a candidate, hillary clinton giving a vast program and the platitudes sound wonderful, but unfortunately, if there's not a political contract for that. she could well be successful and buy her way into political powers and frankly it's something she might not fulfi fulfill. stuart: what do you think on on-line studying, on-line degrees, could be a way around the awful cost mess that we've got? >> i love it. personally i took on-line classes and i competition,

innovations and everything, and one side has higher education philosophy and cartel is trying to push down our throats is antiquated. we take a look at the trends in the entrepreneur section, yourer, lyft, netflix, google. it's driving excellence. it's not going back to the way we did things in 1960's and 70s. on-line training and looking forward to getting young people to drive the costs down and make the quality of higher education worth more for the recipients. >> i want to wrap this upment if right now memorials had to vote on debt forgive necessary, free college by taxeses the rich, i saw voting for in an overwhelming numbers. you're nodding your head. >> overwhelmingly spotted--

we're not going in an election by doing light. let's try get the young people working through community college, would going their way through college, they don't want that debt for giveness and try to promise less free stuff. we're never ever going to win that. stuart: there you have it, charlie kirk, president 2044 is my rough estimate. charlie, a pleasure. >> thank you. stuart: take a look at google. they have he created a new parent company called alphabet. the stock is way up. tell me what it's all about? >> basically they're celebrating the money losing which ises from the moneymaker businesses the if you're going to try in the clouds. let's show the money.

stuart: and those operations have been shuttered into a separate company. alphabet is going to run everything and google is-- and sergey brin looks up to those names. they missed something though, they don't own the domain name alphabet.com. they don't own@alphabet on twitter. they don't own -- >> what does it do? >> it makeshem lk - ty veo b the a goode knows how mh train to a nd if wld have thougf tha os othatpot, t st i way up.

strt: i've g anoer compyumng on parental perks, that's a pejorative. >> another couple, the third one in a few days, adobe system double their maternity leave, new moms get 26 weeks paid live and primary care givers. and microsoft and net flexion improved as well. and on the high speed, every carnival cruiseship will have wi-fi by early next year. $25 a day. what do you want to do, log onto social media or skype? how much data do you need? forget about whoopers, burger king is all about the chicken fries. they were put back on the menu five months ago. now the company wants to double down on their success, there

are fiery chicken fries on the menu starting today. word on the street, they're too spicy. ashley: should have had the chicken fries. >> i forgot about the chicken fries. >> it's a tossup. >> i would think your delicate english pat late. ashley: off the charts. stuart: you've got to have a lot of water. all right. every weekday morning, 5:00, bright and early, those three good ladies will be on the air and they'll introduce you to the day in monday. and next president obama's big climate plan a former nasa scientist says it's all pain, no gain. and it will cost you an extra

$100 a month. more varney next.

>> we've settled into a trading range with the dow down by 150 and 180 points. that's where we're getting into the trading session. china is the story that devalued their currency and they're desperate to prop up their economy. down goes the dow industrials. let's get back to the climate plan and bring in climatologist roy spencer. good to see you. you used to work with nasa and i'm going to give the audience your headline as presented to me. you say that president obama's clean power plan is all pain, no gain. it rises per household, but give me the story. the sorry is that obama's war

coal is turning into obama's war on the poor because it's going to hurt the poor most. renewable energy, wind and sl solar, the direction he wants to go is much more expensive than fossil fuel. we'll learn what germany learns. as we forcibly imposed high priced he can tryst on the population, our manufacturing is going overseas just like germany is right now. stuart: and you also say that this plan, this clean air plan, it's not going to lower global temperatures that much. >> no. stuart: it's not? from this? >> and that's what we -- that's what we do science-wise. for the last years we've been monitoring temperatures with global satellite. we haven't seen any global warming in the last 18 years and even if the science are right, which i think most of them are wrong on this, that

the impact of us reducing our co 2 emissions in america is going to have an immeasurable effect on global temperatures. i can tell you as a temperature monitoring expert in 50 years we won't be able to see the effect. stuart: now, the president when he introduced this plan to public. he said 14 of the last 15 years have been the hottest on record. now, i don't know how that scarce with your statement that temperatures haven't gone up for 18 years, there's been a pause. where is the president coming from when he says that, is he right? >> well, qualitatively yes, he's mostly right. what you have to realize, when the temperature is rising on average 100th of a degree per year, it takes a long time before anybody ever notices. so you can have the warmest year on record and yet, nobody can actually feel it because we're talking about very small changes in temperature.

stuart: but it does mean that the plant, that the temperature of the planet has warmed. i mean, if it's up there 14 of the last 15 years, hottest on record. the president is right it's a warming temperature. >> that's right, except we don't know how much of that warming is due to mother nature versus mankind. stuart: so he's assuming it's human creation. would you care to-- >> yes, i would contest it. we have public evidence and beginning to to be more than more papers in the scientific literature, half of the warming since 1950's has been natural rather than man made bus of more frequent el nino. and if you have a couple of decades, you get global warming. and the warming hasn't been nearly what the climate models predicted. what you end up with, global rm

with aing ends up not being nearly the problem that science thought it was going to be. >> roy spencer, you used to work for nasa. i predict, you'll never work for nasa again. thank you very much to you. and a racing car spins out of control and a father manages just in time to get him out of the way. seattle's minimum wage headache, and sufficiented the be -- and this is since the great recession, we'll be back.

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that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. >> there's more opposition to the president's negotiations with iran over the nuke deal. this time the opposition is from wounded veterans.

they started a campaign and they want america to reject the nuclear deal. and colorado's toxic orange river is on the move. we're talking to ellen roberts and she says it's devastating entire communities. more on that as well. in april, in seattle, the men mum wage for fast food workers went up to $11 an hour. in may, seattle lost, 1,000 restaurant jobs. elsewhere in washington state, where there have been no increase, restaurant employment went up by 2,800 jobs, told you. we asked the authority of seattle's wage hike if there would be job losses. no, she said. the skies won't fall. for a thousand fast food people, it did. the left doesn't really care. they have a hidden agenda. first, they want to politicize wages, vote for me and i'll give you a raise. that's buying votes. and second, the union sees this

as a way of signing up new members. so what if there are fewer jobs. union members pay dues, don't they? and then there's an idea that all jobs must support a family, a living wage. real? there's no such thing as an entry level job, no such thing as a training job. it's not just seattle. cities are legislating wages, what a shame. we'll never know the names of those kids who didn't get a start in the work force or denied a cavity-- success, because they couldn't get in on the ground floor. in seattle, i wonder if they're happy about the living wage?

stuart: look at multimillion dollar advertising campaign by u.s. veterans part of a group called veterans deal. mothers featured or wanted a iranian bombs and want america to reject any deal to the country. the ads are now shown across the country. lawmakers will vote in september. the big or down they go. china devalues its currency trying desperately to boost their economy and boost exports. it's a desperate measure hurting stocks to the tune of 150 points on the dow. the move also heard in the price of oil. the economist only like this don't need as much oil. less demand down goes the price 4332 as we speak. google going the other way. big restructuring under the new name alphabets of $32. investors love this one. we keep a close eye on apple always. look at it now appeared biggest loser on the dow. china if they are devaluing our

products are more live, that includes apple, down goes the start. lower sales that crack times, people shifting away from processed feuds in the united states. elsewhere pretty good and the stock is a peer that toxic rivers spill in southwest colorado has reached new mexico. joining us on the phone, call about a state senator ellen roberts. once the impact on colorado from where you are now? >> well, we are still waiting to see. the epa has not given us all the information we need to know the want term in fact but certainly the short term has been really disruptive to our summer tourist season. they impacted those in farming. stuart: we've been running reports this morning.

epa saying the water only turned color because of the iron. they made no comment on any other toxic metals. are you satisfied with the epa's response to the problem you are facing? >> no. we know there's at least 26 medals. the heavy metals we are concerned about that stay in the soil and riverbed. until we have answers, we don't know how bad it might be. stuart: hasn't affected your state in your district so far? >> it certainly has in the southwest corner and also new mexico and impacted to indian reservations as well. stuart: if you can, can you give us a sense of how bad it is and how bad it looks? we said your new york city. it looks very bad. you have seen it. what is it like? >> it was orange. wednesday, thursday was orange

in the river and then it turned yellow as it started to dissipate and now pretty much the river runs claim. again, that is because what they call a flood, the toxic flood has moved down the river. we will work hard to hold the epa accountable and clean up any damage we have. stuart: alan roberts, state senator, republican, colorado. we appreciate that. >> thank you. stuart: the justice department charging nine people in insider trading hacking scheme. actually, you know this story. ashley: pretty interesting. they are accused of hacking into companies such as pr newswire and business wire to try and get a hold of press releases on publicly traded companies that haven't been released yet. basically they were hacking these things and trading of her mission. packed into 150,000 press

releases over five years making 30 million insider trading. >> is impressing in a way. ashley: they didn't get away with a peer stuart: markets to move on this press releases. the market does move. ashley: what it takes to get ahead of the market release. >> all you need is a few seconds. 30 million in five years. it's not huge. nine people arrested so far. >> you see the big trading insider cases. martha stuart and other big shots saying i should've thought of that. i would've made our money. i'm kidding. stuart: a new report from the american enterprise institute says in seattle to minimum wage hike went to $11 an hour in april. april of this year. the other goes to 11 bucks an

hour. what happened in may? the worst decline in restaurant employment in seattle since the great recession. they lost 1000 jobs in may. look who is here. >> i'm not going to win. we know that. i will just start with my hands behind my back. stuart: what is your defense? eleven dollars an hour% in april the since 1000 jobs in may. does not destroy the whole rationale for the living wage? >> what should start with your information from the american enterprise institute which is of course the far right for center-right think tank. you don't know how they are leaning except the right. they definitely don't support. stuart: they didn't make it out. >> of thousands of jobs in the million people is not a lot.

stuart: it's faceted business. >> stuart, you don't know why a thousand people, all my gosh, a thousand people, the biggest destruction america of all time. stuart: when you raise immediately the wages of people who haven't done anything whatsoever, simply legislate the higher wage, doesn't it show you if a higher wage? >> or sausage teen dollars minimum wage increase over a period of seven years. stuart: do is raise substantially and jobs are lost in may. >> that is not because there is no evidence of players are deciding to cut their workforce. you cannot count the fact. >> no connection between $11 an hour and a thousand jobs gone in may in the fast food business. >> there is a connection.

>> the rest of washington state added jobs. not in seattle. >> maybe employers aren't hiring people because they are afraid. after five months of looking at the numbers, you can say there's a direct correlation between the loss of jobs at minimum wage increase. stuart: yes i can. >> well, you can. stuart: but struck that subject. hillary clinton is using donald trump as a club to beat out republicans and i don't blame her. >> i said she needs to pull a rhonda rossi moved and come out and slam the republican party whether it is donald trump except i'm afraid of donald trump. i would not want to slam him because he will go out and attack even harder. although there's the series they

are friendly. >> what about the wedding. she went to his wedding. yesterday, there is a soundbite somewhere. >> and then we found out though clinton pot of donald trump. he didn't call marco rubio or rick parry. ashley: they want donald and that to create havoc against the gop. stuart: you don't hear this but i will raise it. roger stone, a guy who is either resigned or fired gave an interview the other day. the very end he says way, at a new book coming out. have you heard this? a new book includes information about bill clinton's use of one man. >> what a surprise.

stuart: how can hillary claim there's a war on women when the war may be coming from her own husband. >> if your has-been if your has-been is a philanderer and use choose to stay with him, that stays between the marriage. if there's new allegations, what he did with monica lewinsky was a consensual relationship. it was immoral. he violated the office but it was a consensual relationship and is out running around. i'm not surprised by these allegations, are you? stuart: i just want to know how hillary will deal with the worn women when it is connected by her husband. >> she will say this is not about what goes on in the bedroom. i relationship with my husband and marriage is not part of this arena. stuart: you think she will direct it like that? not in a million years. why is it so much fun when you're here.

>> because you are great. you are so easy to pick on. stuart: come back tomorrow. thank you. time for the sector report. crude oil prices are scanning down to 43 -- pretty close to $42 a barrel right now. >> thank you, china. stuart: you are quivron, big drn for a long time. all the stocks down significantly today. chevron down 2%. peter g, halliburton, all of them on the downside. coming up, a new diet pepsi on the market. they've taken out the sweetener aspartame and replaced it with another on pronounced ingredients. some worrying from air traffic

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the names that appear here, apple, caterpillar, chevron under pressure. goldman sachs accounts for half of the current selloff we see. apple worth 23 negative dow points by itself. we've seen a rise in traffic on some of the airlines and that is good news. does her to the upside is apple pulls back and knees doing well today. american airlines up four points, united at 3%. 5% decline in quarterly revenue it would buy stocks down 3%. start the day with sandra smith, lauren simonetti and i on "fbn:am." 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,

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stuart: who would've thought shake shack a big winner selling burgers, fries and shakes. who would've thought no one else would write that stuff. if you put the price that they will. up goes the stock. 3.5%. >> i disagree with you. shake shack is good food. stuart: moving on. new york city even worse now with 12 dead, 113 people an extra 13 cases over the weekend. legionnaires disease with a severe form of ammonia. the outbreak linked to water

cooling towers in the bronx. that is new york city. diet pepsi revamped now made without aspartame. and sinister place with another sweetener, sucralose. nutritionist carrie ganz joins us. first pronunciation. >> aspartame. stuart: do you approve of dropping? >> i've no idea why they did it. it makes no sense. stuart: the food police, people like you who got out of this that it's bad for you. >> at those that don't read the science and put misinformation on the internet and the consumer is believing. stuart: the company has to adjust to this unfounded rumor out there. >> they did it just. why they didn't i'm not quite sure. >> didn't they've been it in europe? >> science will not backup that

aspartame is bad for you or any artificial sleep there. science says they are totally safe for human consumption. so why pepsi did this come especially for another artificial sweetener if they believe consumers are not drinking beverages with artificial sweeteners. >> that's why they did it. stuart: they responded to public pressure. now tell me what about other sweeteners. corn syrup, what is wrong with that? >> it's added sugar. stuart: is anything wrong with that? >> artificial sweeteners provide no additional calories good corn syrup has calories. now we look at whether or not we talk about a beverage with zero calories versus a beverage with calories. here we talk strictly about diet soda. stuart: how about plain old

soda? is it bad for you? >> an added amount, too much. too much added sugar could be a product like cookies, cakes, candies with no nutritional benefit. if we look at added sugar versus natural sugar in fruit and vegetables come and that's what we want. >> you would advise me if you are my nutritionist, say get out there and it are fruit has that's a good form of natural sugar. >> i would. i would also tell you to go out there. i would also tell you to drink more water. that is what we should drink more of his plain old water. stuart: have you become a resident nutritionist? >> good stuff on aspartame. air traffic controllers getting tired on the job.

cheryl, the full story. >> this is a study in 2011 commission by several agents these found basically they are tired. two controllers have significant errors in the previous year such as examples of bringing two planes too close together. we are talking about guys working the midnight shifts, the gals working midnight shifts. the average amount of sleep they get 3.1 hours a night for those midnight air traffic controllers. here's the thing. this wasn't published. the associated press heard about it, got the initial draft proposal. we still have not seen a public copy of the report. we need to see that. stuart: you will find it i'm sure. this is a first food grown in peace and eaten in space.

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stuart: check this out. terrifying video. fans at a race car race in poland. buying right into a crowd of spec leaders. the crowd clears by the father and his child molesting him in the past, grabbing a child in pulling him away just in time. right here. very lucky indeed. take a look at the international space station chowing down on space letters. the first in a microgravity environment. no soil was used. the rest is being sent down to earth for testing. let's hope it's okay. whether the union as college football players could come as early as this week. like berman joins us with the details. reporter: hi, ashley. a couple of experts say the decision to come anywhere a matter of weeks to possibly days it would be a decision that would change potentially the face of college athletics as we

know. national labor relations board set to decide whether the football players said northwestern university can form a union. you might remember the charges led by northwestern star quarterback coulter 18 months ago. he believes college football players should be university employees due to long hours they put and which in many cases earns the school millions in revenues and profits. in turn the players, and many on fulbright scholarships receive additional union benefits. a local and all rb official rootedness favor last year. now northwestern university appealed the decision. at howard university the coach tells me if northwestern players are successful that is guys here practicing behind me will certainly take notice, potentially many schools as well. >> something that works at northwestern and goes around, i'm pretty sure they'll get involved in research at it and bring it to the table. reporter: they will be watching

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. stuart: to those of us who love the great outdoors, this is a tragedy. the orange toxic flow has reached new mexico and on cause to reach lake powell tomorrow. that would be another disaster. i'm puzzled by the absence of outrage from the greens. if this were an oil company spill, you know it would be the headline for a month. today, it's not even on the front page of the new york times. there would have been an out pouring of concern for threatened wildlife. you would have interviews positive business owners who lost their livelihood and massive fines imposed. i haven't seen any of that? the national protection agency is responsible for this spill. they did it. so where are the calls for

adnisttor ginmccahy t jumpown? thingreeeaseisli capilism. a for profit makes a mess and all hell breaks loose. it's different for the government. the green ease love the epa, in fact, they run the epa. they will not the bite the hand that feeds them. so you have an ecological disaster, no democrat goes near it. now outrage on the campaign trail. no hillary's campaign in understanding accountability. to me, the spill is a tragedy. it is a reminder that our beautiful ca country can be fouled by carelessness. no taking sides, it's just sad to see that orange river flowing through our beautiful ld ♪ ♪

>> oh, yes, we will have more on that spill in just a moment. it is an ecological disaster. but first an update on ferguson. more protests last night marking the one year anniversary of the death of michael brown. state of emergency, rocks, bottles thrown at cops. at least 23 people arrested. now, i'm saying this looks like a war on police officers, in fact, all around the country. i'll be the mlk she joins me to react what i think. she joins at 11:00. and look at the price of oil. down a buck 82, that's a 4% you don't know getting awful close to $42 a barrel. that has gas continuing to fall. 27 days in a row the price has gone down. we're losing about a penny per gallon per day. 2.57 your national average right now. bring in manhattan national

institute scholar robert rice who deals in the energy market. you're saying the u.s. produces, the fracking guys, are you saying that they run the world market now? >> there's no quell. that's exactly what's happening now, stuart, when you look at the productivity gains v happened in the u.s. in both oil and natural gas, it's astounding. you look back, say, 2006, the u.s. has added in terms of natural gas the equivalent of one iran's worth of product. we've seen these enormous gains as well in oil productivity in the united states and due to what earned the u.s. infinite ability of capital and dramatic increases of each drill rig that is being deployed. stuart: now, when you say productivity, you mean you drill a well and you get more out of it more quickly? >> exactly, stuart, it's both.

you're able to moore drill more wells and the wells you do drill are more efficient. big player in south texas. in 2011 one of their rigs could drill 16 wells per year. last year that same rig was up to 41 wells in just a three-year periodical and the wells that they're driving, they're drilling the horizontal sections of the well and the stages that they're using are much more productive. you have one well just the other day uqe in western pennsylvania, the production rate on that as well was 72 million cubic feet per day. that's two to five did times better than even the record gas wells that we've had here in the u.s. stuart: well, you know, the policy in the united states at the moment. we've got to shit to renewable. solar and wind. we've the only thing to do that. >> sure. stuart: but why? you're describing extraordinary productivity for

natural gas and oil that comes out of our own territory and yet we don't want it. i don't understand this. i really don't. >> you're not the only one. you're not the loan ranger here, stuart. i don't understand it either. in fact, when you look at what's happening in the oil and gas sector in terms of productivity gains in terms of what's happened, it swamps anything we've seen in terms of wind or solar. but clearly the final power plan we saw released last week, 1,500 page document all singing praise to solar and wind. the big reduction in c0022 emissions here in the u.s. have been to what? cheap natural gas. it hasn't been to renewables. stuart: the voice of wisdom and land. >> careful there about wisdom, stuart,. stuart: well, you got this one right. manhattan institute, thank you very much indeed. >> thanks, friend. stuart: check that big -- oh, i think this is the low of the day, down almost 200 points

right now. china making their goods cheaper here, our goods get more expensive there. they did this by devaluing their currency. investors don't like this. now we're down 202 points. we're falling as i speak. and minimum wage it goes to $11 an hour, big increase in april of this year. seattle. now, move on to may of this year, seattle loses 1,000 jobs in the fast food marketplace. an extraordinary decline right after they impose a higher minimum wage. look who is here on his favorite subject, charles payne. we tried to warn everybody what was going to happen, and it happened. it's not coincidence. april you raise the rates and may you loots the jobs. >> and it's just the tip of the iceberg. this is $11, imagine $15. and you have more and more cities saying we can afford

it, and seattle is a wealthy town. there are places where they don't have microsoft and boeing and, you know, all these big companies out or the apple's of the world. whatever, you know, it's, like -- it's really scary stuff. but we knew to your point it was going to happen, it's going to get a lot worse and i think what's going to get flouts data are the households they have more than one earne. stuart: yes. >> that's what we don't talk about. you have these households where there may be three people, two in minimum wage, one making a little bit more and as a unit, they hold on, they do well, they've got a penalty a kid moving through school be. when you start to take out 1,000 jobs, that takes out one person out of the mix. so the other two even if they get a small raise, it doesn't make up for the other person. stuart: we will never the names of those why don't you thinksters who couldn't get a job, didn't get into the workforce, excluded from the ground floor right from the get-go.

we'll never know who they. >> yeah. we have a few of them with their shirts off in protests in seattle or ferguson-like protest in a couple of years from you no because they could have had a job. they should have lowered the minimum wage not hiked it. they should get more of these kids working, not fewer. that's the idea. get into the workplace, get a paycheck, get on the ladder of success. >> without the roles of the union for this? purely it benefits them directly because they can unionize more and more workers. >> right. and there are a lot of places where union pay is pegged to the minimum wage. so the minimum wage goes up automatically and to your point they've lost workers across the board everywhere, this makes a giant kettle for them to go. and i've got to tell you something. they're not doing anyone xavier you're our stock guy and i want to know what you think about google, they've got this umbrella company

called alphabet, it seems they're moving the money making side business. why do people like it so much? >> it's clarity. it is a conglomerate have sorts and now we can look inside, we don't know what's going on if they're making internet for or things, who knows what they're making money from. >> when is google is going to issue dividends and when they split it up google saying we only make this much money. >> no. i don't think so. i think the european antitrust thing i think they're going to have a problem. it's a $444 billion company with all the pieces added with it. they're more focused right now on building a business. apple went through that for a long time, they did not issue dividend for a long time and they were able to get away with it. i think google is trying to

justify this model anti-aging, all of these things. it's worked for them. it's clarity. stuart: it's important that you're with us right now because the dow has just hit the low for the day. now we're off 217 points. i keep hearing that china's devaluation is the reason for this selloff. i've explained it in the sense that china devalues its currency. >> right. stuart: their stuff is cheaper here, our stuff is more expensive there. >> right. stuart: is there anything more to this that our viewers should know? >> china was very close to considered -- the imf was going to raise their generating on the china currency. in other words, china ultimately could take the world currency. the fact that they've abandoned this under scores how much desperation there was in there. >> well, half of the s&p 500 companies report sales from china. if they've got a report on the stronger dollar, s&p capital iq already saying third and fourth quarter. >> there's no doubt the strong dollar -- i was just saying

from china's point of view it smacks desperation. >> what about the feds who are going to raise rates? >> no one knows. stuart: they won't raise rates next month. >> i wouldn't raise it based on friday's jobs report but nonetheless i certainly raise it now. but we've got donald trump on cnn and said that this was sort of a declaration of war, and it was going to be quote devastating. but i've got to tell you something. we all kind of do this. it's been a race for the bottom. we think about our treasuries and between federal government and federal agencies and the federal reverse. but it is something nerve-racking because we've been thinking about the global economy. china stepped nup 2007, saved the global economy, say what you want about the cities who saved a lot of steel. so now we're wondering where will the spark come from the in global economies. stuart: all right. you know a lot about this. if you want more of this, don't miss making money with charles payne 6:00 p.m. eastern on the fox business network. >> we'll talk about the death

cross. stuart: no, we won't. >> tonight i will. i tell you what, though, a lot of people worried. they're saying the reason down we're down 200 has nothing to do with china. stuart: there's another reason to tune in. what the devil is the death cross? >> let's just hope it it doesn't live you were to its reputation. stuart: football. deflate gate finally getting its day in court, brady and the nfl reducing to back down. both in new yor new york city's federal district court tomorrow. this story, liz. >> yeah. 11:00 a.m. brief opening statements expected from the two sides. then they will likely move to the judge's private chambers to possibly harm out a settlement, that's what the judge appears to want. so they're trying to -- brady is saying this is not worthy of four game suspension, just

an equipment violation, just a big fine, he's also contested that rodger goodell didn't see over the proceedings. and goodell's side saying they did. but the question is does tom brady appear in the opener against the steelers on september 10th. stuart: that's the question? that's what this is all about? >> you're excited. >> should he take the four game hit now or later in the season? . stuart: i'm far more interested in nbc extending its conflict to on saturday mornings. >> amen, sir. stuart: millions of gallons of toxic waste, it is a tragedy. this is awful. leaking into a colorado river. thanks to a spill from the epa? the green ease, where are they? nowhere to be found. why isn't president obama condemning the epa the way he condemned bp? we'll be back. >> this is what i go to bed

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stuart: after a rough few days, donald trump called into fox and friends this morning. listen to this. >> you have the fare tax ask the flat tax and the current system, but it's too complicated. frankly what we should do is start off by simplifying our current system. put h&r block out of business. knock them out, put them out of business. stuart: that's the first hint at a tax policy by the tax pros. got it. by the way, he heads to michigan today. >> he does. the gop presidential front runner right now who is invited to speak at a lincoln day event for a couple of local gop groups. this is going to be protested

by democrats and hispanic groups saying that he should not be invited and his comments on antiimmigrant comments and antiveteran beliefs. tickets are only $25 a pop. if you want to get to meet him after or prior to the show, it's $125, but this show is going to be close to 2,000 people. stuart: he can get 2,000 people to spend $25 each. >> exactly. stuart: bernie sanders can get 28,000 for free. >> remember that he made wopper about john mccain not being a war veteran? on a campaign stunt. stuart: all right. >> with all due respect for the whoppers. stuart: and the orange river i guess you would call it, and it was caused by an epa cleanup crew. joining us now done deans, he's with the natural resources defense counsel. okay. bob, i don't understand something here.

i'm looking at the front page of the new york times today. nowhere on the front page of the new york times does the toxic spill appear. it's not on the front page. even though it is a catastrophe. why is it that the green ease don't thanking is important? >> well, no question this is a disaster, stuart, as you were talking earlier, it's a disaster for the wildlife, the aquatic life, for the people on that river depend on, it's a beautiful river, it's a catastrophic spill. stuart: where are the protesters? if this was an oil company, you know as well as i do, there would be a thousand green ease out there marching around demanding somebody's head. where are they isn't the. >> well, i think we are trying to get the facts and no question the epa is trying to account and any other federal agency to account but let's remember. this is the result of toxic pollution left behind the mining industry decades before the epa came into existence.

it was leaking up to 3 million gallons of this water every ten days. the epa was trying to stop that, cleanup waste somebody left behind before we put in place environmental protection that safeguards our water. stuart: i agree. you're not getting an argument from me. you're right. i just don't understand the difference in approach. if this were an oil company, bp, exxon, you know there would be blood in the water. you know there would. i mean this would be the headline for a month. you would never get away from it. >> no. stuart: but because this spill was caused by accident by the epa, and the greens love the epa, there's no demonstrators out there whatsoever, zero, they're not there. >> well, i can't speak to that, stuart, but i can say this. that we definitely have more than 600,000 of these abandoned mines around the country. we need to take inventory of them, we need to prioritize. stuart: why can't you speak tolt?

you're after the head of a oil company chief who spills a drop. why can't you address this. >> well, i think what we're addressing is the problem, which is the abandoned mines, the solution, which is that we need to put together resources and come up with a real plan for dealing with these ticking time bombs all over the country, stuart, and also for strengthening the protections for those kinds of streams that were affected by this disaster so that it doesn't happen anywhere else in the country. stuart: how about this. where we can agree. this is flat out tragedy. no politics here. not taking sides. i'm saying this is a loss for the beauty of america. that's what i'm saying, and i think you'll join with me. >> 100%, stuart,. stuart: you know, bob, every now and then, we seem to get 100% agreement but nonetheless. pleasure having you on the show. thank you very much. >> yes, sir. stuart: an anchor at a local fox station in orlando he stands up in the middle of an interview, he walks off the set. look at him go. we'll tell you what got him so

fired up in a moment at ally bank no branches equals great rates. it's a fact. 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. it could've been brenda.

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all of taylor swift's music videos, interviews, and more. xfinity is the destination for all things taylor swift. stuart: google separates its money making operations from what i'm going to call its moon shot stuff. they've got a new parent company, it's called alphabet.

have i advised it accurately? money making here, moon shot here. >> that's right. so alphabet is going to be this umbrella company, you separate, you have google with its youtube and android and chrome, the money making. stuart: the money, yeah. >> and their one ceo who is a star inside google and then the other companies are going to be more of those moon shots and we're talking about google ventures, the driverless cars and google labs and things like that. stuart: so now we'll know who is making money and who is not. >> supposedly this is moving to transparency, the investors like it, you can see the stock moving right now. but google is it's own own company. stuart: there's one other point raised by cheryl earlier today. do they own the domain name alphabet. >> they do not yet. it's abz.xyz that leads to a google landing page, but the

main thing we need to know is that it will move under gool and goog. stuart: yes. but wouldn't it be nice if you were the owner of the domain name alphabet. >> it would be so awesome because then you could charge a bunch of money. stuart: billions of dollars. >> people pay all kinds of money for domains. it's a funny business. stuart: you weren't around in the 1990s. >> i tried to buy stuart varney.com, it didn't work. stuart: somebody bought it. >> oh, yeah? . stuart: yeah, they did. i just love this one. ashley, liz. i think you've seen it, but you're going to see it again. the anchor who left the set in orlando on a fox tv station because of the kardashians. just watch this. >> i'm having a good friday, so i refuse to talk about the kardashians today. you're on your own, amy. i can't do it. i've had enough kardashians. i can't take anymore. >> but we have to get out, now that you mentioned it, john.

>> let me ask you this, john. >> he left. stuart: all right, liz, would you leave the set if i were to do a broadcast on the kardashians? >> yeah. >> as a joke. >> and, by the way, out of here, the teleprompterrer role too, he left as well. stuart: nice detail. i didn't. up next china allegedly hacking into some of the e-mail accounts of some of the president's top officials, and it's been going on since 2010. we have the story. and more violence in ferguson. i'm going to call this a war on police around the country. niece of mlk joins us after this break you are looking at two airplane fuel gauges.

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stuart: we're pretty much close to a low of the day, down 200 points, 17,396. a u.s. intelligence official claims chinese hackers have been accessing e-mail from the obama administration since the year 2010. theresa is here and now ceo of fort alice solutions. theresa, welcome to the program. when i hear hacking into e-mails from senior -- hacking the e-mails of senior government officials, first thing i think of is hillary clinton's private server when she was running the state department.

are we to assume that was hacked by the chinese? >> i think at this point nothing's off the table, and you can assume that if it were in the e-mail accounts of all of these high ranking officials, there's no reason to assume they wouldn't be in hillary clinton's accounts as well. we haven't heard that. but there's no reason to rule that out. stuart: now, how did they get into the e-mail systems of the president's direct advisors, the people who are walking in the oval office every morning saying good morning, monopolize. there's this happening. how is it possible that hackers can get into their computer system? >> they're pretty craft peep and when you think about all of the breaches that have happened over the years, opm, va, the irs just to name a few, all of this information about all of us, including these high ranking officials are floating around out there can be used to masquerade as a person or socially engineer them into opening an e-mail and once they're in that e-mail, they're able to get

them to click on a link, an attachment, and then they're in. now, at this point in time i'm hoping a high ranking official said these personal e-mail accounts are dead to you, you need to retire them today. stuart: is that what it would take to take these senior officials hack proof. you just start fresh, new computers with new system with all kinds of walls in place. is that what it's going to take? >> it's very possible. sometimes very drastic measures need to be taken. at times if the bad guys are in your network and in your accounts, they have embedded themselves in such a way that it's hard to ever know if they're ever out and sometimes the best thing to do is start from scratch. stuart: now, is it possible that we can turn this to our advantage? if we know that they are listening and watching us, why don't we feed them false information?

surely that's not beyond the cia or the fbi or you. >> yeah. i don't see -- that could definitely be an interesting tactic to, you know, basically have a fake set of communications you have to throw the guys off the trail. and that's definitely an old intelligence and spying technique. you know, here's the thing, though. what people have to realize is, you know, a lot of times you hear hacking and you think, oh, they're steeling something and you think currency. in this case they didn't steal currency. they stole the white house's privacy. and the only way to get it back at this point is going to be drastic measures. stuart: well, said. thank you very much for being with us today. thank you. i've god another hacking headline. the department of justice charging five individuals in an insider trading hacking scheme. okay. what exactly did they do? >> first major case of its kind. these hackers broke into companies that basically do press releases for companies on the internet. one of them is business wire.

those companies spend that information over the internet. they broke into the press releases ahead of time, these hackers were based in ucriterion or russia, and then gave those details to u.s. base traders to profit off that. 150,000 press releases hacked, $30 million netted. stuart: so they found out before the general release of these press statements, they found out 10, 20 seconds beforehand. >> if that, yeah. stuart: knew what was going to come out publically, and traded on that information. >> 30 million over five years . stuart: they entitled five. >> they entitled five and arrested. stuart: where are the four-page? >> we don't know right now where they're physically located and also worried about executive e-mails accounts to do insider trading as well. that's happening. stuart: yeah, i'm sure. liz, thank you very much. >> sure. stuart: let's get to ferguson

overnight says we're back in the streets. pepper spray used, several arrests made, one year after the death of michael and i don't know ferguson is again under state of emergency. watch this. >> this is nothing more than an attempt to try to energize the black folk through the 2016 election and there's no better way for them to enflame than to bring race and police together in the same narrative because it's an exclusively issue. mlk's niece is here with us today. doctor, a pleasure to have you with us, ma'am. >> it's wonderful to say hello to everyone again today. stuart: i regret to say that i've expressed a negative opinion. i have said that i think around the country there's a war on police going on right now. would you comment on that? >> there is an internal war in america. it is designed to stir up

strive. of course our police officers should be there to protect us and to maintain safety in our nation. there is so much going on in every community that we're seeing a lot of stride, a lot of attacks. i believe the answer became very clear in south carolina this year and now we're we are a year later with ferguson trying to revisit the violence when we have a very beautiful and new pattern of encourage, forgiveness, not being fearful and tearful but proactive. that i believe if we continue in that manner, certainly respecting our police officers, but all lives. you know, all lives matter. we had this big black lives matter and, yes, they do. but all lives matter. . stuart: so -- >> and that's for every human being. stuart: i feel that your response is a spiritual response. >> yes, it is. stuart: your response is the christian response as demonstrated sole in south carolina. your response is not a

political response, is it? >> absolutely. and for those -- someone who is listening may or observing us may say i'm not christian. well, mlk, his dad, nonviolent conflict resolution. very well modeled by jesus christ, absolutely. but that has been demonstrated across america not only in the 20th century by mlk and my dad, but today in this century, in this year. so we have another page moving forward from ferguson, and that's going to be nonviolent conflict resolution and from my perspective as a christian, a whole lot of prayer. stuart: yes, indeed, ma'am. i put it to you that your back's against the wall at the moment because the mood in our inner cities is not with you. i suspect. i don't know, i just feel that the mood isn't there with you on this issue. >> not necessarily. go back and look at south

carolina and some other places. so we move up. we pray, and we move up. we move out, we move up. stuart: i thought that was a wonderful response to that dreadful church shooting. i thought it was a miracle. i thought -- that congregation for the whole town to come together like that. >> to come together in prayer and the governor saying take down the flag. let's deal with everybody's emotions, let's not leave anyone out, but let's pray, let's do love, let's do forgiveness. america does want to hear that. we've demonstrated that. so i would sent that prayer back over to ferguson, i've been to ferguson, i'll go bac. stuart: we have a lot of enraged and loud voices on this program. what a pleasure it is to have the calm voice of decency on this program. what a pleasure it is to have you. thank you very much, ma'am. >> thank you. stuart: that was good. >> yeah. stuart: coca-cola funds a

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stuart: this is the low for the day down 233, stocks getting hit after china cut the value of its currency. come on in market watcher braque mcmillan. i'm saying that the bulk of this sharp selloff is because of china. am i missing something? is there something else going on? >> i don't think so. i think investors are pulling back very rationally i would add a little bit to see what happens. and that makes sense and that's what we're seeing. we're not seeing anything irrational at all. stuart: investors saying, look, if china's doing this, they're desperate, therefore their economy is in very bad shape, it's the second largest economy in the world with we better sell. is that the chain of thought here?

>> i think that probably characterizes the chain of thought. i'm not sure i would agree with desperate, but certainly it's a response that is surprising that welt see the chinese government normally taking. desperate is overstating it, their concern probably isn't and, yes, investors should pull bake by the. stuart: okay. are you selling? >> we're not selling. we see a very supportive market environment. we don't see the u.s. being very exposed at this point. and there's no reason to sell . stuart: the other side of the argument. i mean i'm inclined to think that everybody else is in control, america is mediocre but expanding therefore america is the place to put your money and i think you would agree with that? >> i would absolutely agree with that. we have growth, it's not what we want, but it's getting better. we have a consumer that is saving money, which is going to help in the future. we've got slow growth, we've got employment at boom levels. we're not quite there yet, but

we're getting there. and anywhere else in the world can say the same thing. stuart: brad has said a very important function. he's reassuring investors when they dow is down 230 points, he makes us feel a little bit better. brad, thank you very much for your appearance today we'll see if everything pans out. >> thank you. stuart: good luck, sir. all right. question. what's the secret to losing weight? if you listen to coca-cola, don't worry about the calories, no. it's all about exercise. mark siegel is here. >> it's a new nonprofit group called the global energy balance network. it sounds like something out of 1984, you know, goodnights if i can the world. and coke is putting money into it and logistics, and it's helping them with research. and the reason they're doing is is the sale of full calorie beverages is down 25% over the

last two decades and coke doesn't know what to do about it. do you know what the problem is here, stuart? coke has 44 grams of sugar in a 16-ounce bottle and 33 grams of sugar in a 12-ounce can. now, i don't care what us about exercise, it's important, and it will help you lose weight, exercise is key. >> what's the amount of sugar we should have? >> i want to walk you through a little biology here first. what you know sugar does when it gets into your body, liz. something called inc insulin turns it into fat, so it's directly due to cola and all of these calories and anybody that says differently is not looking although basic biology. >> what about the diet coke? >> that doesn't do the same thing but the problem with diet sodas is it preinvokes more appetite and more thursday. >> so you eat more. >> so you might eat something else that makes you obesity.

stuart: diet coke makes you more thursdayy? >> i think so. i'm not targeting diet coke specifically. diet sodas tend to make to make you more hungry and thirsty. >> and i do believe that exercising increases hunger, by the way. but i can't come chose to believing that giving a lot of sugar isn't part of the problem. one more point on that. sugar is an addiction. in other words, -- if i give you sugar, your brain starts craving more sugar because the opiates in your brain start going like this, and you need the sugar to get the same effect about dopamine. the chemicals in the brain shut down and then they look to should go sugar from outside sources, so you get addicted to that coal wab and that's what they want. stuart: so cut the sugar. no matter what to? >> nine grams a day.

that's the maximum. >> nine grams tops. >> i wouldn't drink any of these sodas. i think you should drink sparkling water, mineral wall, i wouldn't put a number on it nine grams, i would just stay away with it. i would eat fruits, vegetables, mediterranean diet. >> that's all it takes, stuart. >> i'm allowing you that salmon in the morning. stuart: good guy. thanks very much. aren't you so special, doctor. all right. thank you very much, dr. mark siegel. >> i'm sure they're going to call me after this. a new tax could cost your family $700,000 a year even if you don't buy a obamacare plan. what is going on? have a mind? a subconscious. a knack for predicting the future.

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these are taxes and fees imposed on insurance companies. . stuart: okay. >> all insurance companies, including the companies that insure seniors, so medicare advantage, as well as commercial insurance companies. but we know that these taxes and fees are going to be passed on to the consumer. it's going to mean higher premiums, somewhere between 500 and $700 extra on your premium yearly for these new taxes and fees section 9010 of this gigantic law, and it's being faced in. stuart: so the insurance company themselves, they've got to -- >> it's passed on exactly. stuart: and you're saying between $500 $500 to $700 per year. >> per person. stuart: that's an extra $2,000 per year because of the insurance company themselves. >> exactly. and you remember when the

president said he's not going to raise taxes on the middle class but this is a very heavy duty tax increase on the middle class. and it's one of several features of this law, stuart, that's rolling out over time. this law because its more painful over time. stuart: these taxes and fees on insurance companies. >> yeah. stuart: they hit this year, have they already hit last year? >> no. they're being rolled out now and they're going to increase. 2014 was the very beginning, 2018 they'll be substantially higher. so you'll see an increase every year part of the push-up and the premiums will be because of these taxes. and in addition get ready for the cadillac tax in 2018, the increased penalties on the uninsured. the whole strategy was to let the pain roll out after the next selection. stuart: obamacare disappeared from the radar at the moment. it's just not there. even though higher premium prices. >> yeah. stuart: bigger deductibles are being imposed as we speak. >> yeah. stuart: those are the people who are suffering from this.

but it's not in the headlines anymore. stuart: but it is going to be a factor at the polls because you and i and everyone who has health insurance feels the impact of this, we will be reminded thank you, democratic party. stuart: knows what she's talking about and carries this with her everywhere. we'll be back

>> he quotes polls yet he doesn't need them. you need campaign infrastructure you can't just is trade with your name. lope turn events determines who wins. >> that was public strategist mountaining on trump he's up in the iowa poll. here's what you said about the show on facebook. juan says about this epa colorado mine disaster, will the epa prosecute their own people as aggressively as other

regulation violate force not holding my breath. good idea man. neil cavuto my time sup but jrs just beginning. >> well as it has been through much of mr. varney's show but in trim let form not only rattling market but polluting our shores and now getting confirmation it has been hacking when i willy-nr years. we go on markets and why they're off so much. it has a lot to do with china debating its currency hoping that a cheap or one that is their currency means they can be more competitive when selling goods. here's the problem with that my friend. china does it markets fear other os will do it. every will try to devalue their currency because if you have a weak one, your companies can sell a lot more goods abroad an cost effective for them. but if everyone does it at the same time, then what? that is