and have a great day, everybody, and have a fantastic day, everybody. see you same time same place. stuart varney, have a good show, my friend. stuart: if you're looking at what's going on today. you can understand the anxiety, there's another big selloff and america has caved to iran. there's a strong sense of unease. good morning, everyone. let's start with iran. that secret side deal revealed. iran will inspect itself. president obama will allow iran to check its own prized nuclear site. no american is allowed on any supervision team. we are trusting them to verify themselves. now, look at your money. in stocks, we're watching the dow close in on the 16,000 level and oil getting close to $39 a barrel. and unease about the world

economy. yes, this is nail-biting time. and political correctness, we cave to iran, the markets cave and anchor babies. "varney & company" is about to begin. ♪ all right, let's get at it. the selloff on the markets that's coming in 29 minutes. look at futures pointed to a triple digit loss for the dow jones industrial average then certainty about janet yellen and interest rates. global slowdown, all of that not added up for stocks. oil is at a 6 1/2 year low. 40.77 a barrel and we're swimming in the stuff and new concerns about slowing growth in china that will hurt demand. we're watching to see if oil goes to $39. gas, yeah, it went down a little bit. the national average moved down to 2.65 for regular. that's commodities and that is

stocks now. look how valiant is going to open. this is a canadian company and it's offering $1 billion for the maker of female viagra. $1 billion. doesn't that seem like a steal? there are fresh polls out this morning from three swing states. they showed joe biden beating trump in all three. florida, ohio, pennsylvania, biden is not a declared candidate. although a top official, staffer, just joined the draft biden committee. hillary is 48 in florida, 47 ohio and she's losing a lot of ground. donald trump full steam ahead. earlier with maria, he talked about the wall along the u.s.-mexican border. >> we're talking about something less than had a

thousand miles, it's something that could be done, not done at tremendous cost. it's been costed by politicians and they came out with the outrageous numbers. as you know, i know how to build and get it done. we'll have a great wall. we'll call it the great wall of trump. stuart: okay. all right. as for your money. we've heard tax plans from a couple of candidates, here is what mr. trump would have to say. >> i think similar, but less dramatic. we have to simplify our system and i would like to see a reduction in taxes and we have to simplify. maria: reduction in corporate taxes or all taxes, what? >> a resucks in all taxes, but especially for corporate and especially for the middle class. stuart: much more on trump throughout the program. and we'll talk with baby jindal

-- bobby jindal and talk about anchor babies. as part of the nuclear deal, the iranians will inspect themselves. let's get the details here. it's one nuclear facility they're going to inspect themselves. >> it's a military south southeast of tehran. it's been in a question. over a decade it's been on the radar of israeli intelligence and american intelligence and the iaea themselves. stuart: they're not allowed to inspect this police. >> in 2005 there was a good behavior let-in, but they believe they were not able to see anything. stuart: this is ten years ago, restricted enkri. >> over the last years, we believe there is activity since and now the latest layer in

this nuclear deal. they'll provide samples of soil and images and all other intelligence is going to be provided from the iaea themselves. and they walked that back and said this is where it originated, and oversees the irani iranian-- >> and the story has been sold to everyone here in the west is that this was a deal that was based on verification. we're going to verify, verify, verify, if not snap back the sarpgss, plus -- sanctions, and now it's a two plus two situation. stuart: i'm astonished. john kerry, secretary of state, says the iranians need a yooer to produce a bomb. we don't know that because we haven't been ayn i had soot plant where they've developed

the bond. and why should we give them anything on good behavior because they've never proven that. all areas, this deal was based on their nuclear and the sanctions, what are they putting it back into? not the main street economy, putting-- >> do you think this will pass congress after this? >> i hope they understand national security is not a factor on the table and layer after layer, the more that we're seeing about the nuclear deal does not add up, it's not something that's going to be good for the reason, for the the west or the people of tehran. stuart: an important subject. thank you. oil pretty close to $39 a barrel. 40.62 to be precise and citi

says that the price of oil will go much lower. so does andy lipow. and 36 a barrel, we might get to that, what do you say? >> i think the levels we saw in 2008 and 2009, i'm not quite that bearish, but clearly the market here in the next couple of days wants to see a three-handle on the price of oil. stuart: how about gasoline? on this program we've had triple-a and a couple of experts saying we're looking at $2 a gallon gasoline by the end of this year. what do you say? >> i wouldn't have sent it a month ago, but when i look at the future with aren't grade gasoline. we'll be right at $2 a gallon on a national average. stuart: so you're looking at oil below 40 bucks. you're looking at gasoline just above $2 a gallon. why are we seeing this crash in commodities? >> well, it starts with the production here in the u.s. and the spectacular success we've

seen from the ent players getting the oil out of the ground and you mix that together with saudi arabia and iraq producing at record level because of the lower prices they need every dollar they can grab hold of and mix in a slowing chinese economy and the market is simply beside itself with bearishness and keeps pushing itself down. >> that's the overriding sentiment in the oil market and you're in the middle of the oil market and prices are going down, that's it? >> at least in the near term and they are he ignoring a geopolitical action. i'm personally worried about social unrest in nigeria and venezuela that results as a supply disruption. that could bring us higher over the next 18 months. stuart: andrew, thank you for joining us, we appreciate it. >> thank you. stuart: look at the share price of valiant.

they're buying the private maker of the female viagra pill. that doesn't seem like a whole lot of money if you've got a blockbust blockbuster. >> i think that the billion dollars is a little expensive. you and i disagree because there are so many question marks about this drug. this is the second time that the owners of sprout pharmaceuticals, excuse knee, it's a married cup they had an another drug maker they flipped and sold. i guess the buzz about the female viagra pill, i understand it, but is this going to be the blockbuster billion dollar viagra pill? no, it will not. valia valiant-- valeant, some beautiable candidates for this pill? >> that doesn't have--

and it has promise because it's brain chemicals. viagra works on an if i understand cal level for men. for women it's very, very different female arousal, but there are so many risks. i don't know it will be what valeant will. if they go a different direction with the drug, i'd be careful. >> and when it opens it will be $2 on a $140 stocks. maybe the market will agree with you. >> give me 20 minutes. stuart: we'll talk to someone who says they took this pill and it saved their relationship. and another headline for you, laurel miss-- >> at keeper service significantly lowers drunking driving deaths in california.

they looked at the entry of youtuber. there was a drop death related drinking and driving. however, there is no such link with uberblack. the most expensive car service. >> do you remember the black found objects that we called shade balls. los angeles dumps them into a reservoir hoping the 96 million balls would save the water. >> the black can form a thermal blanket and speed up evab ration as well as breed bacteria. and then there's that-- >> oh, boy, oops. >> steve mcqueen 1953 green chevy pickup camper. place that bid my metropolitan. the camper touching $84,000.

there it is, there is the calm pep. i know, let's jump into steve mcqueen. stuart: how much. ashley: started at 50 on ebay. the 1953 camper-- ments i can't believe he drove that. >> is the term anchor babies offensive? where do you think hillary ap trump stand for the issue. the campaign for the treasury, that's it. >> what do you want to say-- i'll use the word anchor baby. excuse me, i'll use the word anchor baby.

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>> chaos overnight in st. louis. nine people arrested, they're protesting the police shooting. demonstrators angry. a police officer killed, a man

who threatened him with a gun. and cars set ablaze and officers retaliated with tear gas. that's in an american city, tear gas. the term anchor babies now becoming part of the pc debate in the campaign. hillary tweets this, they're called babies. after jeb bush used the term anchor babies at a town hall meeting. >> listen to donald trump. >> anchor babies, it's not-- >> give me a different term, what else would you like to say? >> i'll give you undocumented-- >> you want me to say that? i'll use the word anchor baby. excuse me, i'll use the word anchor baby. stuart: excuse me, i'll use the term anchor baby. and joining us democratic strategist, what's wrong with the political candidates on the

republican side. here we have the iranians deciding whether they get a bomb or not and we are fiddling around about the term anchor babies. why are you not attacking hillary clinton for saying they're just babies. what's wrong with you people? >> it's unbelievable, stuart, that what we are looking at now is an american reaction to loss the control where the iranians are going to self-police themselves. the border, which means to be leaking immigrants by the second. political correctness, as you know, is starting to fly wii the boa-- hillary clinton with the battle she's facing telling about e-mails and benghazi and-- >> the hispanic vote, you're verified of upsetting the hispanic vote, that's the truth, isn't it? that's what's going on and

trump is going after, and he's the only one. where are the rest of us banging on the political table. >> when trump says there's an easy solution to the immigration, begin by building the great wall of trump, it comes from the party of trump and mr. trump. fantastic press. he says, let's get control again. and that's something americans are asking everybody to speak to. we want to add that. we feel that the whole debate over what we call babies or anchor babies is masking the fact that america is not on its game right now and we've got to get back there. >> would you say you call 0 yourself a middle of the ro way

and trump is leading the field and i don't think you've got a adequate answer yet. i'm sorry. >> i'm not using you an as punching bag, but i want to know what the iranians are up to and i didn't see a republican response and i and the one. thank you for many kohling, thanks very much. >> thanks. stuart: eric schmidt helped reelection of president obama. and now it shows that google will have an influnce on the 2016 race. you'll want to hear this next. the only way to get better is to challenge yourself,

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>> an interesting questionment could google be the decider of the presidential election? one researcher said he's looked at agca rhythm and concluded that google could heavily sway the election based on which search results they show to you. cheryl is here to explain. first of all. >> okay. >> google pumps news at you through its search engines. >> correct. stuart: it's a filter so it can pump news at you and it says what news you get and how that news is treated and therefore, can affect the election. >> it will give you a hundred pages of options and you're going to look at page one and maybe page two and those are filtered results.

and what's interesting, the companies can do that and companies can pay to have their name to the top of searches, hotels, airlines, lawn mowers, whatever, can candidates do the same thing. stuart: google could push you towards voting with democrats. they did that in the last election. >> and let's be fair here. if google-- most of the stories are about donald trump and hillary clinton, which is likely at this moment, the majority of results you'll get at the top. who are the two leading candidates right now with americans and the latest polls? donald trump and hillary clinton. and the researchers actually in california said this is a very dangerous-- say you have an election that's a two point leader loss for the election for the presidency, this is dangerous if you're talking about sometimes 12% difference. they found even when they told participants, we are skewing the results, that even if it was negative results, they still voted for the candidate

that they saw the name, you know, flash up on their computer screen the most and they were aware of this happening. stuart: oh. >> i'm not say-- you've got to be aware of these things, think for yourself and don't let google do it. stuart: here is what we have coming up for you, anxiety ahead of the opening bell. looks like another selloff on our hands. look at this, a huge sinkhole is in florida, the exact spot where a man was swallowed two years ago and he died, never recovered his body.

>> let's get this poll again, that's something that americans, i think, are asking everybody, to speak to. we want to have that, we feel that, you know, this whole debate over what we call babies or anchor babies is masking the fact that america is not on its game right now and we've got to get back there. >> can you believe that? we're talking anchor babies and whether we can use that term as opposed to the iranians. they're going to inspect themselves and get their own nuclear bomb. extraordinary. that's adam goodman, tune in early, we are 20 second away from the opening bell on wall street. what we're going to see is a pretty sharp decline. i'm looking for a dro p of 110,

120 points. there's word about the global economy and crashing commodity prices and janet yellen, somewhat, the interest rates. the market doesn't like weighi vagueness. we're off and running, and we're down 3, this is a horse race, down 30, 31. watch that space. we're looking like we're going to be down about 100, 110 by the time we're through. joining us cheryl casone and market watcher, patrick, and tom horowitz in chicago. patrick, with a great name, why are we down so much? looks like 100. what's the problem? >> the markets are spooked about news out of china and the price of oil and spooked about what happens when the fed raises interest rates. and earnings in the second quarter really didn't build much confidence.

stuart: perfect storm? >> i think there's possibility of correction in that valuations are a bit stretched right now, but not betting on it. stuart: we hear you. todd, talk about the uneasiness and drop, now 128 on the dow. what's going on? >> good morning, stuart. i think the first thing you look at, the fed did not like the response from janet yellen yesterday and things are way too dovish. the market are realizing when you try to build a mirage and things on phony money, you see too much manipulation, we've got it in china and everywhere is trying to manipulate their own currency, it's a concern with the markets, we don't have growth and we don't have earnings to grow with it and that's a much bigger problem. >> we had a big call from our market guest, shah galani. >> global macro issues are front and center and the most

important is china. right now, the chinese stock market is the canary in the coal mine. it hasn't fallen out of bed, but very close, all beds are off. and the market by 20%. did you catch that, the market could easily drop 20%. patrick, do you agree with that? you don't, do you? >> china's market is a symptom of china's economic troubles and it's not the cause. china need to go through the economic adjustment. it's going to create winners and losers and i think we need to be careful about throwing the baby out with the bath water. stuart: you don't agree with that. there's not going to be a 20% correction? >> people might be spooked and react in the short-term. for the long-term investments the winners. stuart: todd, come back into this. our guest said down 20% and i think you heard it there in chicago. what say you? >> i saw possibly more, maybe

30%. i think that we've got huge problems that have to be dealt with that we're not dealing with. you know, when you try to put a bandaid. when you need a tourniquet, it becomes a much bigger issue and over you will a china, it's a ponzi scheme, the adjustments they try to make. they have the problems. we have the same problems and refuse to deal with them straight up and that's the bigger problem until we step up and deal with our problems. stuart: look what we're looking at right now. down 175 points that's just over 1% and the dow is back to 17,100, believe it or not we're on a watch. will we drop below 17,000, is a 16 handle possible today or in the future? we're down sharply today. now look at oil, pretty close to $39 a barrel. well, now we're at 41.05. gyrating around. maybe we're bouncing off $40 as

a bottom. not sure about that. tom, citi says we're going to go lower, down to 32, $33 a barrel. what do you say about that? >> i don't agree with citi, i think they're more talking their position once again. however, oil is on the ropes right here. and if it fails to hold the $40 area or $39. it could go back down to the 2009 lows, which is about $32. they could be right, but i think they're more talking their position versus talking actual factual information there. i think 40 is a key number. if it breaks lower, there's a chance it could break significantly lower. stuart: okay, i'd like to if possible go to nicole on the floor of the new york stock exchange. i want to see what's happening to oil stocks as of right now. because oil is down at $40 a barrel. come on in, nicole, tell me where oil stocks are right now? >> okay, well, oil right now is 41.32 and talk about that. when you see the oil stocks, all down arrows, exon and

chevron new lows. then we talked about bare -- bear market territory. anybody who opens energy stocks, you have the majority of the names in the s&p 500 that are energy related in this area and energy overall, worst of the week. worst of the month. stuart: ouch. >> worst of the quarter, worst of the year and last year wasn't too great either. should i keep going? i basically summed it up for you in a way that everybody gets. stuart: we got the point loud and clear. thank you very much indeed. >> thanks. stuart: patrick, is it time to buy oil stocks? >> what strikes me about this whole conversation, this is the time when people are running around with their hair on fire, that you need to be calm. and look at this, the u.s. is know the facing recession, the u.s. is not facing a fed that's going to overtighten. so there are concerns out

there, but i think you want to respond calmly and collectively to the concerns. stuart: if i ran out right now and bought some exxon, you would not call me a fool? >> i would not call you a fool. i would be very selective in looking for values in the energy space. i think when people are running around and saying sell, sell, sell, that's when you want to start looking for value. stuart: we hear you. looking at the canadian company, valeant, they're buying the company with the female viagra pill. the stock is down, by the way. it seems like a steal. if they've got a female viagra and they did and only paid a billion for it. it seems like a low price. >> i'm not a medical expert or in that area, but this shows the m and a activity that's putting headwinds. stuart: and valeant is taking a

big gamble here. >> m and a is different from what is a good deal. i don't think it's a good deal. i think they overpaid, i think they overpaid for sprout, yes. too much. stuart: put that stock price up again. they were down three bucks. the market agrees with you. >> thank you, somebody finally agrees with me on something, a big moment for me. stuart: todd will come in on this, what do you say? >> i think it's a great deal. i think they're taking a billion dollar golf ball-- challenge. if it works out it's bigger than men's viagra. sex sells, if you can provide something, it's a big winner. >> it's not. stuart: it does sell. >> sex sells on a magazine stand. this is a drug with a lot of risks, not the billion dollar that viagra was. i stand by that. stuart: wait a minute, you buy any drug, i don't care what drug it is, there's a long, long list of side effects and problems, some say, well, you

could die and you still take the drug for heaven's sake. >> and you see the commercials they're smiling and running through the flowers and telling you you could die from the drug, correct. but this one is different. these effects are incredibly dangerous. passing out while driving. the person that takes this drug has to be so careful, i mean, one mistake and it's not a good thing. stuart: okay. >> telling them to be careful. >> the picture here is that you have all of these companies sitting on all of this cash and for a long time we said why aren't they investing in? now they're purchasing companies and raising value and small cap. stuart: we've got a lady on the woman in ten, 15 minutes from now, she was in the trial of this viagra and she liked it and-- >> and if she took it by the letter of the law, there you go. is everyone going to do that? my point is no, they will not. stuart: moving on.

apple stock, we follow it closely, two stories, number one they're making a big ipad pro with a stylus. number two making room in their stores for new products. they're making room on the store shelves. the price is 113 for apple, buying or not? >> apple, there's always talk about the cross, and the thing is, all of these markets patterns tell what people thought in the past and people think in the present. they don't till you what to think. the concern about apple is its reliance on china and whether that creates-- but they're innovating. stuart: buying at 113 a share? >> i'm a macro guy. i'm not a stock picker here. i'm just telling you that i think there are concerns about apple, but i think they're innovating. stuart: and then coca-cola's ceo is vowing to do better for

consumers and writing in the wall street journal. i've got a quote for you. we will continue our work to provide more choices, waters, lower salary and lower sugar drinks, diet soda, zero calorie drinks. cheryl, we talk about the healthy band wagon and they're on big time. >> because pepsico has been singing the song for entire years and an entire lab devoted to making everything taste the same and coke realizes it, there's demand for it. the millennials are particular about what is in their system. there are chemicals they don't want to ingest. it's a smart move by coca-cola. fruit drinks and energy drinks are starting to outsell coca-cola and pepsi. stuart: soda sales are down. we keep losing. drinks as a genre are down.

>> flavored sparkling water, that's what they want, not a coca-cola. stuart: take a look at the big board. come back a little. and 185 was the low and now we're down 140, 17-2 on the dow. thanks to everyone who appeared in this block. coming up, presidential candidate bobby jindal is it weighing into the anchor baby debate and joins me in the next 30 minutes and hillary, using comedy to distract the public from her e-mail troubles? judge napitano joins me next. . >> i love it. i love it. those messages disappear all by themselves. hi my name is tom. i'm raph. my name is anne. i'm one of the real live attorneys you can talk to through legalzoom.

don't let unanswered legal questions hold you up, because we're here, we're here, and we've got your back. legalzoom. legal help is here. at ally bank no branches equalsit'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.

>> all right. look at this. deadly sinkhole opening up in florida, same spot where the ground opened two years ago when it swallowed and killed a man. now, the hole was filled in, it's reopened. it's about 20 feet wide this time. sink holes occur when soil is

eaten away by acidic ground water. now you know. sinkhole. let's check the big board, now we're down 134 points and we had been down 180. look at fitbit. there is news that sony is releasing a rival product, smart band two. ap fitbit is down. sales slide at sears, took in 22% less money, down goes of stock, off another 2%. everybody, if you watch this show regularly, you will know this, there's one person who has outfront on the hillary e-mail story and that's been judge andrew napitano, all rise. he's back. judge, what do you have for us today? what's new? >> today the state department will be back in federal district court in washington d.c. in what started all of this, a simple innocent freedom of information act filed two

years ago before anybody was aware of the private server. judicial watch filed the complaint and the state department says we don't have any e-mails. the judge says look again. they didn't find any e-mails and the judge dismissed the case. and when the new york times broke the story about the server and they opened it and they were furious mrs. clinton took the e-mails from them and then the state department, the e-mails were in paper form rather than digital form, complaining it doesn't have the time or personnel to go through 55,000 e-mails than paper rather than digitally and the judge is furious at them saying, you're taking too long. stuart: what could the judge say? get back in here and give me what i want? >> he could arrest the people that are taking too long, but that would slow the process down more. he could ard them to put more

people on it, he could order the federal bureau of investigation to surrender the digital versions of these things if it has them. we don't know what was on the thumb drives or the server, but more and more we look at this, take a step back and look at the big picture. we not only see her diversions of e-mail to her own server, we not only see her cavalier attitude about the protection of national security secrets, which in some cases might rise to criminal behavior. we begin to see wiping, destruction, resistance. what does that do? that goads the fbi on to investigate more aggressively. stuart: they've got the server and the fbi is looking at the server. >> the nib has the best people in the country to look at what she thought she removed. >> she said these are private, these are personal, i'm wiping

them. >> she has the law exactly wrong. when you co-mingle person with government, government decides what's personal and what's governmental. she turned the law on the head. she decided what was personal, destroyed it, decided what was government, and in paper form, and she destroyed the metadata. stuart: there's a delay, a stonewall. >> that will have the opposite effect of what the stonewallers want. i tell you from my years of law, it will make it more aggressive. she should know this.

stuart: should see say, i did an and i was wrong, i did it because i wanted control and i'll take the consequences. >> do you rell think that hillary rodham clinton would say that? >> no. >> i don't either. the only thing that she would-- the only thing you didn't do is imitate her voice. stuart: a female viagra, but key risks have been ignored? we'll talk to one person who did take a. >> 10% of women have this condition, may be stress, tired, maybe the guy isn't treating you well. stuart: there's all of that. >> even after that there's people that have the problem. it's a seriously problem and it's the first of its kind. kind of like the prozac of this

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it's down 4%. down. and our next guest credits the female viagra pill for saving her marriage. she was part of the fda trial. thank you for being with us. >> thank you for having me. stuart: how long did you take the bill for? >> i took it for nine months. stuart: what was the effect? >> well, it returned my desire for sex, it gave me that oomph and that want to want my husband again, so, it was really for us, relationship saving. stuart: it was noticeable, and forgive me for prying here, but it was noticeable, was it? >> oh, it was very noticeable. it took about two weeks before i first noticed the effects and so, for a year or so, i had not been initiating and had not been, you know, very amorous

and within about two weeks of taking the pill, it's like a light switch went off down my head and driving down the road, felt that flutter and started texting my husband. stuart: were you suffering from that condition, i've forgotten the condition, lack of sexual drive. were you diagnosed with that condition before you went into that clinical trial? >> it was, i had to have the diagnosis, hsdd, hypoactive sexual desire disorder. i had to have that before i went on the clinical trial and i had to answer a questionnaire and get a clinical diagnosis of. had sdd. stuart: there are all kind of side effects with this pill. did you suffer any side effects? >> i was very hawk, i didn't experience any side effects, at least none that i knew about. the dose at bedtime. i was given directions to take

it at bedtime and if i missed a dose so to not take it. so i didn't. i am one of those on the clinical trials that is a self-disclosed social drinker. and i continued to drink socially while i was on the clinical trial and never had an issue. stuart: am i write in saying if you stop taking this pill, there's no effect any longer, so you've got to take it as long as you want that effect, is that correct? >> you do. it's a daily pill, not something that you take on demand, but as a female, i'm pretty used to taking pills. took birth control pills for a long time. i'm used to taking things every day. stuart: you're comfortable with it. >> i cannot wait for october whatever it's going to be available. i'm going to have an appointment already scheduled at my doctor. stuart: all right, last point, you say it saved your marriage. would you like to elaborate? >> well, we were just at a

critical point. we weren't married at the time, but dating four or five years and at that point because this issue had come up and we were not communicating about it and we were sort of at the point trying to decide is this going to work or not. so, once i got the diagnosis and realized what was going on, then i was able to communicate it to my now husband and he was able to understand what was going on and opened up a whole new level of dialog for us. stuart: thank you for appearing here today. an important subject. thank you. >> thank you. stuart: the latest read on the housing market is breaking in a couple of minutes. we will have that number for you. plus, governor bobby jindal on iran and anchor babies. big second hour of "varney & company" is two minutes away. . 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights.

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>> moments from now, an important read on the housing market. existing home sales, how many and what kind of pace are we

selling them? in other words, how do we stand on housing market, the housing recovery? we will find out momentarily. donald trump steals the headlines all over again and the only one who takes on hillary clinton head-on. that's why he's leading in the polls, maybe. bobby jindal republican candidate for president is here and he's going to talk about trump and anchor babies. and google helped elect president obama. very friendly with the left. their searchers have tremendous influence on what you see and think about the candidates. they will in 2016 as well. hour two, here we go. ♪ >> moments from now we'll hear from president jimmy carter and he'll update us on his cancer diagnosis. he's about to hold a news conference. when he begins to speak, we will take you there and we will hear what he has to say. that should be literally

moments from now. first though, breaking news on existing home sales, up 5.6%, that's existing homes sales, 5.6% from one year from now. and i'm going to break in, president jamie carter is going to speak about his cancer diagnosis and i'm going to listen in for a moment. >> i think what i did this morning is just outline what's happened so far with my medical condition and then toward the end i'll give you a brief idea what i plan to do in the future and answer questions from the news media. in may i went down to guyana to help monitor their election and i had a very bad cold. when i left down there and came back to emery, they had to check me up and in the process they did a complete physical

exami examination and mri showed a cancer of growth, a tumor on my liver and they did a pet scan and that kind of lights up a bad place and it lit up. so they're pretty sure that there was a cancer before they operated on august 3rd, and removed it. there are two offers, only 2 1/2 bub wick intermeters based by -- which is 1/10 of my liver. it was indeed cancer and melanoma and they had a high suspicious now that the melanoma was somewhere else on my body and spread to the liver. the doctors tell me that about 98% of all the melanoma is school cancer and about 2% of fe fell--

melanom melanomas. they did an mri and find there were four spots of melanoma on my brain. they are very small spots, about two millimeters if you can envision what a millimeter is, i get my first radiation treatment for melanoma in my brain this afternoon and then i understand i'll have four treatments scheduled in three week intervals. in addition to that, yesterday, they fit me with a mask to hold my head perfectly still while the radiation goes into the right places and i've prepared for that which takes place this afternoon. in addition an iv, and a

medicine that they use for melanoma, that enhances the activity of the inside immune system and this is medicine that's been approved in the united states and similar ones that have also been tested in europe. my doctors, they were also going to continue to scan other parts of my body with mri and pet scan to see if and where the melanoma originated. so that would be an ongoing examinations of my body for the next number of months, i presume. if that goes on that long. the doctor that did the surgery on my liver. dr. david lawson, a special and

a doctor who is specialist in radiation. they're working closely with other centers in texas, and sloan kettering and others. i've got a lot of calls. and there's approval of what they've decided to do in the treatment. for a number of years, rosalynn and i have planned to reduce our work and haven't done it yet. we talked about this when i was 80 and talked again when i was 85 and talked again about wh it when i was 90. so this is a time for us to carry out our longer day plans. so, i'm going to cut back fairly dramatically on my

obligatio obligations. and at the carter center, as you know, the carter center has a full legal partnership with emery, half of our trustees are by emery and we approve them, and we have bildt up a substantial endowment for the carter center, but i'm no longer able to raise funds and have $600 million in that fund. and i'll sign letters for contributions and key calls. so, i'll continue with the funding, and the trustee meetings at the carter center, i'll continue to attend those and i'd also like to schedule the regular meters with our directors as they give detailed

reports kwiek-- and the health program, and so forth: i'll contie to do that. i can't anticipate how i'll be feeling, obviously, but i'll have to defear quite substantially to my doctors and the treatment. and i understand that the radiation treatments and the injections will be every three weeks for hour times and then stop and take a look at what's-- what the results might have been and i'll try to add ver to that schedule as much as possible. da totala center is well prepared to continue on without any handicap. rose and i back away from a lot of the activity that we've been doing. we have decided last march that

they'll have a different chairman of the board and the board of trustee made that decision so jason will be narm of board of trustees at carter center making ultimate decisions about what they work on and matters of that kind. and of course, if he wants me to give him advice i'll be delighted to do that as i did with other people in the past. i was a chairman and stepped down a moment ago to give people a chance to work with. >> i'll try as best as i can, an a professional at emery and attend some of the meetings, but the rest of my plans will be determined by my could be sultations with the doctors, what i needed to get adequate treatment for the melanoma that

exists, it has been delivered to places in my brain. it's likely 0 show up other places in my body as it has been detected. that's all i wanted to say to you. but i'll answer a couple of questions if you have them. good morning, president carter. i just want to get, what was your initial reaction when you heard the c-word, the cancer order word and what doctorsy about your prognosis, your spirits look good. at first i thought it was combined to my liver and operations removed it. so, and then that same information, we had an mri of my head and check and it showed

up and never saw anybody in the polices in my brap, that might and the next two days still i came back up to emery. i thought i had a few weeks left. i was surprisingly at ease. i've had a wonderful five and i've had thousands of friends and i've had an exciting and gratifying existence. so i was surprisingly at ease. much more so than my life was. but now i feel, you know, i'll be prepared for anything that comes. >> thank you. >> thank you. >> mr. president. >> yes. >> mr. president, you just said that you expect that there will be further cancers diagnosed. >> yes. >> when it wasn't it at all difficult different the tactffa

given the fact you thought it was a few weeks, was it difficult to decide to why hode and have the treatment. did you consider at jay time not doing anything at all? >> no, i never doubted that i would carry out the direction of emery doctors, so when they said they wanted to go ahead and find out other places that might show of knz, i'm perfectly at least with that. i'm perfectly at leez with whatever comes. i was pleasantry surprised that i didn't go into an attitude of despair or anger or anything like that. i was just completely at ease. as rosalynn would testify about my veracity so i'm ready for

anything and looking for a new adventure. >> president carter, katie with the associated press, you just said that you felt at ease. can you tell us a little more about your discussions with your doctors, with your family, and how you came to decide that you did want treatment and you wanted to pursue anything that your doctors did recommend would be appropriate for you? >> it was never a difficulty for me because i don't think i've ever deviated from had a commitment to do what my doctors told me. the doctor is here, and if you have any technical medical questions, i'm sure he'd answer what you have later on. the three doctors that worked in harmony with me and the surgeon who did the operation on my liver, and dr. curran, a

specialist on treatment of cancer, and also dr. lawson, who is a specialist on mel noma itself, they've been like a teamworking closely with me, so i have complete confidence in them and they've been gracious enough to reach out with others and shared the mri's with some others. they're for the best cancer treaters in the world and i'm very cl grateful that emery has been such. >> lynn anderson with the atlanta journal constitution, first of all, president carter, i'm so sorry and sad to hear this news. i have a basic question, how are you feeling? >> i'm feeling good. never had any weakness or

debility. after the operation with my liver, i had a little pain in my stomach, it was laposcopy. >> and if you have liver problems, i can if you have a heart problems, goes to your left shoulder. so that been-- only take the pain medicine fou a forehours and then i didn't have to take it any more. i had a slight reaction last night to the first treatment of the side and i had pain in my shoulder and i went to bed about 6:00 and slept until 8:00 this morning. i think it's the best night i've had in many years, i feel at ease and i've been very

lucky that the emery doctors have been able to control any aspects of pain from cancer. >> tom jones wsbtv. you mentioned the well wishers. have there been any correspondence or call that touched you. >> probable called me and then george h.w. bush, bush, sr. called me yesterday afternoon again. i think i appreciated that very much and their lives were on the television with them. and president obama called, the vice-president called. stuart: what a man, that's former president jimmy carter, he's 90 years old. resilient, composed and, yes, humorous in the face of diagnosis of cancer, he said several times he is at ease with that diagnosis. governor from louisiana bobby jindal is on phone with us now, sir, would you come in and give your thoughts, i know you were listening to what president carter had to stay there.

>> stuart, first of all, obviously, our thoughts and prayers are with the president and you're exactly right. he handled this afternoon with such incredible grace, referred to his strong faith. you know, every one of us has a loved one or knows of somebody who has battled cancer. it's an awful disease and my open mom is battling cancer this year. our thoughts and prayers are with the president and i think you're right, he dealt with this with humor, faith, confidence and grace and it's a ins spying example. it doesn't matter if you're a republican or independent. stuart: indeed, gosh could you stay there and we will i'll get back to you in a couple of minutes. >> certainly. stuart: the market is in selloff mode. 17, 145 is where we are. the price of oil, we're looking at it closely. is it going to break to the-- by the ways s&p 500 a broad-based indicator, down 1%, that's negative for the year as

we speak. again, the price of oil getting awfully close to $39 a barrel and just above 40 as we speak. there's a sense of unease around the marketplace, what's going on. >> in the last 15 minutes, the dow hit a six and a half month low, but a major selloff yesterday and got some key sales date an and existing home sales. we had fast pace of the home sales. a jump, that was not-- i think some of that was the fed. and that's going to hurt housing, business, going to hurt wall street. stuart: let me get back to governor bobby jindal on the screen for us. governor, there have been three, i'm going to call them breakout candidates. they would be donald trump, ben car sen and carly fiorina, i'm saying they're breaking out and none of them are traditional politicians. how are you going to break out?

>> i think that what voters want today. they're so frustrated with the leaders in d.c. both in the democrat and republican party, no matter who they send to d.c., nothing seems to change, i believe what sets me apart. i've got the backbone, i've got the experience to get the job done. an example, every candidate says that we're going to shrink that. i'm not just talking about it, we've done it, . we're actually a top ten state for public sector job growth and eight credit upgrades. at a time when president obama is dunk the american green into the-- i don't think that we can afford four more years of on the job training, that's what voters are looking for. stuart: i have to have you

about anchor babies, the use of that expression is very much in the news, a lot of em pooh say you shnt be using that comment. donald trump says i'm using it, i'm saying anchor babies. you come into question here because i believe you were born just four months after your parents arrived in the united states. and some are calling you an anchor baby. but i believe that you want to remove automatic citizenship for those born in america, is that the case, sir? >> well, a couple of things. make sure in case my mom is watching, i was important six months after they got here. you mentioned the fact that the left goes crazy taking office at words and political correctness. you really want to talk about offensive terms, the left, when you look at the planned parenthood videos, they refuse to use the word babies, in that sense they want to talk about specimen or fetal issue and the

planned parenthood folks have contacted me since we don't want them to get any tax dollars in the state of louisiana and we're showing the videos in baton rouge and thoughing the bare barrick language they use. they don't use the word babies and science deniers, including hillary clinton. let us secure our border and let them come here immediately. why should we pretend to put the people here illegally the same as people here legally and break our laws. we've got politicians in both parties that talk about it, we never got it done. >> it wouldn't be perfect, but we could get the wore--

border and-- >> i've got 30 seconds left. >> for the crimes committed by people shouldn't be here in the first place. stuart: i've got 30 seconds left, that's it. what would you do with the people here. >> deal with them pragmatically ap compassionately. stuart: would you send them home? >> and do it in a whom tense seive bill -- we should do it and insist america is a melting pot. people should come here and want to be american and learn english and roll up their sleeves and stronger i am dwrags pole. right now we've got a dumb immigration policy and making us weaker. stuart: thank you, governor bobby jindal. >> thank you, stuart. stuart: coming up, monica

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stuart: does he have the power to school, yes, fbi, prosecute. >> listen, technically, no, the fbi is supposed to be independent. but we know how this man was operated from the beginning. there's no way this investigation has gotten this far with this many leaks every single day about how she is facing possible criminal charges unless the president of the united states wants it that way. stuart: and the president one of his staffers has just joined the biden -- >> correct. they're at the bottom of my column --

. stuart: okay. >> democratic -- stuart: you heard it right here. >> elizabeth warren. stuart: thank you very much indeed. >> pleasure. stuart: look at this. we do have a major selloff on wall street. down 225 points, close to the low for the day and this is a rough day for your money, we've got it covered. more varney after this

stuart: earlier this hour president jimmy charter announce his cancer has spread to his brain. >> they did an mri and found that there were four spots of melanoma on my brain.

they are very small spots, about two millimeters if you can envision what a millimeter is, and i'll get my first radiation treatment this afternoon. stuart: he was resistient, composed, humorous, jim charter announced that the cancer spread to his brain. and terry charter is with us, your thoughts, please, from what you just saw from president charter. >> my mother just died of cancer june 8th, my grandfather died of melanoma in '08. so it makes me actually want to cry. democrats cry. stuart: well, that was a wonderful -- he's a wonderful man and that was a fine presentation. to laugh and joke like that in that situation. the man is 90 years old, he's a fine man. >> it was amazing. and there wasn't a sense of denial. he was very open about it that the cancer is in his brain,

that the cancer is in his live, probably somewhere else because melanoma generally doesn't start in the liver or brain. stuart: simple he's got the first radiation treatment this afternoon i believe. stay there. other conversations in a moment. and we've got a new low for the dow as we're down 241 points challenging 17,100. the s&p 500 is also down about 1.3% and that is now at a negative for this calendar year. and oh look at twitter, please. another new low there. that thing keeps on going down. now we're at $26 a share on twitter. oil. we were close to getting at $39 a barrel earlier. jeff flock is at the cme in chicago. where are we now? $40 a barrel, where are we, jeff? >> in the last ten minutes, going from flat to down, just thinking you put off the

numbers from yesterday, a new six and a half year low a lot of people thought maybe buying coming in today, but it just isn't happening. i'm going to leave you with a number. 456.2million barrels of oil. that's how much is in storage right now. there are some traders down here who were saying they think at some point we could begin to run out of places to put oil, and it's prices if that happens. stuart: that's fascinating. talk about a supply. stuart: and the you just talked about it right there. jeff flock at the cme. >> which is a good thing. stuart: yeah, more news coming out just about 34 minutes ago. existing home sale numbers. up 5.6% in one year. sounds to me like a pretty strong housing market. jason is with us. he knows a thing or two about real estate. he deals in the stuff. i'm saying that's a pretty strong number for existing home sales and you say what? >> i'm saying that's an under statement. this is another very good

indicator, we just heard about a supply. stuart: and the in oil, it's the reverse in real estate. it's demand that's driving it right now. supply is low, demand is high, simple 101 economics. stuart: we always say location. location. location. is this a strong housing market all across or. >> no. every market is a little different, but we're seeing, you know, growth in the south, the midwest, it really is a national strength in the housing market right now. and it's kind of out of nowhere. very surprising to see. but when you're seeing -- it's almost like the donald trump presidential campaign. it's surprisingly resellient and strong. very, very limited. >> very low. stuart: so you down on supply. >> right. stuart: up go prices. >> all right. you go. very simple. stuart: is this a seller's market. >> well, it's a seller's market right now but what's also interesting is that home ownership is the lowest its been since 1985. 1985, interest rates were 10%

or so today they're 4% and change. so what's happening is the rental the rental market is very low right now and you're going to see people moving from the rental to the okay market because how it's increasing above inflation. so that would add more fuel to the housing market. stuart: so you're happy to be in the real estate business. >> it's a good time to be in it and for a seller you have to look for value when you can find it. stuart: thank you very much for being here. >> thank you. stuart: let's get back to politics. i want to get to what's going on with the iranians. we learned today -- actually late last night that the iranians are going to inspect themselves. they've got a key nuclear facility at a place, they will inspect it. the iranians will inspect their own nuclear facility. we will have to trust them that they are telling the truth about what's inside the facility. tamara holder is still with us, and she is still a

democrat. don't tell me you're going to vote for this agreement. >> i know what this is. it's a setup. you're having me on to plant seeds, proof that i'm less of a democratic than you think. stuart: that's correct. >> okay. so here's the deal. 2015 satellite images show that they're doing nuclear engagement. stuart: correct? >> at the site. stuart: yes. >> this is a particular site. 2011 there was an i.e. report which was who entered this agreement with iran on this site for this deal. stuart: yes. >> that they were building a came the vessel for nuclear whatever, nuclear work. so there's evidence here that they've done it before at this site. the fact that weren't saying forget the other democrats that aren't saying anything. the president doesn't come out and say, you know, we have lost, the deal is off. this is a confidential report . stuart: he's not going to say that. >> well, any of us israel with

apac a few months ago, and they're upset the way that the united states has handled thi. stuart: to put it mildly. >> mildly. this to me is an absolutely deal breaker. stuart: do you think democrats in the senate will say the same thing as you. >> i think they should -- if they're not saying that, then i want to ask them what other evidence do you need? . stuart: look, i think america has suffered a catastrophic restreet. we have surrounded, can a pitchlated to the iranians, and i'm shocked that this president would they're not any such agreement that he has, and i will be really shocked if he can carry the democratic party with him. i don't think he can. are you telling me, yes, he will. >> i don't know why people are wavering. what other evidence do they need to say no?

to me, it's, like, if you're -- you're an elected official, you owe us communication. and if confidential reports like this come out that are this shocking, you've got to speak up because this to me is a deal breaker. stuart: well, you're right. it was a plant. we are waiting to see are you still a democrat and how was it -- take to get you away from this line of thought. >> and i'm still a democrat, by the way,. stuart: still backing hillary? >> i never said that i'm backing her. stuart: it's fun, isn't it? >> i can't win. stuart: no, you can win. by telling us the truth and being honest about it, and you were, and we appreciate that. >> thank you. stuart: very important time. >> yes. stuart: tamara, thank you very much. >> thank you. stuart: now polls out this morning. they showed joe biden beating trump in all three of those key swing states, that will be florida, ohio, pennsylvania. meanwhile, hillary below 50% support level in all three of those states, 48 florida, 47

ohio, 45 pennsylvania. this is among democrats. that poll was among democrats, and she's looking for ground. i almost said goodbye to you, tamara, but you've got to come back for this. >> of course. stuart: what do you think of that? >> i think if everybody is looking for somebody other than hillary. and, you know, biden has gotten picked on a lot obviously because of his gas if you will. stuart: anybody else? >> you know who i like? -- stuart: the democrats are in trouble here, aren't they? this is a wounded candidate from hillary, biden has not announced although he seems like he might be getting ready, bernie sanders is way off left field, i think the democrats are in serious, serious trouble. >> i think everybody is in trouble. i think the republicans don't know who the heck they want, donald trump, who is the apprentice with a, you know, entertainment guy shows up. and with no political experience. reagan was an actor, but he at

least was a governor before he became president. so it's not the star side that doesn't know what's going on in 2016. you guys have a little bit of a problem too. stuart: we do? interesting. tamara, thank you very much for joining us. >> thank you. stuart: we do appreciate it. time for the sector report. what are you showing? >> i find myself so entertained by nicole that i want to show you energy again as a sector, because oil as i said yesterday i think is going to be boeing out as $40 a barrel, as oil hits that level, you're going to see a lot of red in the energy sector, one name up by 36 whole cents. but if you're looking to buy energy companies, but it's something to consider. maybe. back to you. stuart: yes, it is. all right. donald trump wants to do away with so-called anchor babies. does that violate the constitution? judge napolitano on that. next. it's more than a network and the cloud. it's reliable uptime. and multi-layered security. it's how you stay connected to each other

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>> i'm nicole with your fox business brief. not too far off session lows at the moment. the dow right now d down 209 points selling across the board, folks. dow, nasdaq, s&p all down, in fact, the nasdaq down 1.6% and the s&p 500 turned into negative territory for the year 2015 with this downward move. take a look at the dow, names such as boeing, apple, disney, are among the biggest losers, disney actually getting a downgrade, cut to 114-dollar

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. stuart: is the expression anchor babies offensive? clump said this about anchor babies. >> are you aware of the term anchor babies. that's an offensive term. >> you mean it's not political correct and yet everybody uses it inspect so you know what? give me a different term. what else would you like to say? >> the american born child of undocumented immigrants. >> you want me to say that; okay. i'll use the word anchor baby. stuart: you've got to like the way he says that. you've got to like that. judge andrew napolitano is here. >> he's politically inductive because he's such great theater. how can you not watch that and smile over it. even if you you can't even with the reporter, how can you not smile over it. stuart: exactly. now, he's talking about the 14th amendment. >> yeah. stuart: and as i understand it was introduced way, way, way

back to allow slaves in american society. does the 14th amendment stretch to the position where anybody born in america is an american citizen. >> the more appropriate question i suggest is the 14th amendment limited to just former slaves and the answer is "no" because the language is very clear. the language is all persons born in the united states and subject to it's jurisdiction or naturalized here that will be citizens of the united states. so let's just say that congress -- let's just say republican congress and a president trump issued a proclamation interpreting what that means. we interpret that to be -- meaningless today and only applied to the slaves. what would the supreme court do with that? the supreme court would say guess what, guys? we interpret the constitution, not you and without limiting qualifier in there and besides every time we've look at this,

we've said it pertains to everybody. >> . stuart: last time was 1985, the mid-1980s, and the supreme court said 9-0, you're born here, you're a citizen. >> yes. stuart: in other words, there's no going around this. >> correct. stuart: no matter what donald trump or anybody else says. >> correct. it's extremely cumbersome, it requires two-thirds of a vote of each house and three-quarters of the state legislatures. but let me suggestions that donald trump knows this. he's goodness by decree i'm going to change the 14th amendment. he wants to stir the pot, he wants to get his ideas out there, and like a businessman, he wants to ask for and demand more than he will eventually settle for. stuart: could you make the case that that amendment has nothing to do with people who park themselves on the border moments before birth, come across the border just to become a citizen for their child. >> you could make. stuart: what did she it is being abused, is it not? >> you could make the political case, but you can't make the legal case because the law is clear. stuart: so, no, matter what

politics does, legally you can't do that? you can't abrogate that 14th amendment? >> because of the mother. that would violate another part of the constitution called the due process cause by belaboring a about. i'm convinced it's unique in the world and it's one of the reasons that makes us a great place to live in freedom. stuart: i have grandchildren born in australia, not automatically australia citizens, grandchildren northern new zealand and they're not citizens. >> you have to get the queen's permission, don't you? . stuart: of course. >> she's not here in the studio. where is she. stuart: in her palace actually. >> one of many. stuart: do you know in seller september she will have ruled, if she's still in the thrown, she will have ruled than any other english, she will exceed the rain of queen victoria,

will you celebrate with me? >> will we see king charles the third -- >> . stuart: at some point, yes, but who knows when. stuart: california dumps millions of those little black balls into a reservoir to stop the water from have been raping. but it may be doing more harm than good, and we're going to explain that one in a moment. plus iran send send its own inspectors to inspect its own nuclear sites. no americans allowed on the investigating teams. brett bear hosts a special report, he joins us for more on that one at 11:00 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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>> california in the midst of one of the worst during the course in decades doing everything they can to save water including dumping nearly 100 million shade balls into the reservoir to prevent the water from evaporating. sounds like a good plan but there's a problem. the black balls form a thermal blanket, which can speed up evaporation, oh, and breed bacteria. time for a new plan. a side benefit of uber, significantly lower drunk driving deaths in the state of california. that is coming from a temple university research study. it it finds drunk driving deaths have fallen as much as

5.6% since uber launched in the state of california. presidential candidate donald trump joined maria this morning following his town haul meeting last night in new hampshire. blake berman joins us now from washington, i was in the studio when she was doing the interview and when i heard the great wall of trump or whatever he called it, i fell off my chair laughing. he is something else. >> that was one of them, he later said he was joking but it was one item after the next this morning. and trump told maria earlier today he's essentially at his best when he's forced respond to attacks. just last night as we neutron new hampshire jeb bush questioned trump's conservative credentials and said trump has flip-flopped on several issues. well, in his own town haul, trump called bush a low energy person. maria asked the front runner about bush's criticisms, trump began with a compliment. >> i actually like him. you know, i find him to be a nice person. i really do. i met him -- you know, you

don't know him well, i met him on the trail a little bit, and i find him to be a nice person. in new hampshire he was expected to win new hampshire and now he's really not doing well in new hampshire, but he was expected -- so, you know, i'm going to hit the guy that i thought i should hit. >> and hit him he did last night. trump's next campaign appearance is in alabama. tomorrow he told maria this morning that has already out grown the initial venue's capacity, they said it was initially supposed to be a few hundred people now trump said they're expecting tens of thousands and had to upgrade to a bigger venue, a football stadium. >> quickly bring let you go. that time magazine cover, he blasted the bush's, both of them, any response to that out of washington today? >> no. not nothing from the bushes and the headline was deal with it. >> blake berman out of

washington, blake, thank you very much for that live report. more "varney & company" coming up after a quick break. stay with us

stuart: the word capitulation is being used, that's a nice name for surrender. we're talking about the iran nuclear deal and the news that iran will inspect itself. i repeat iran will use its own inspectors to check the facility, the center of iran's nuclear effort. the intelligence community has long suspected that it's being used for testing nuclear detonators, yet we must trust them to inspect it. secretary kerry says iran is a year away of getting a bomb. how do we know that if we can't suspect the site? we don't know how far they've gone. we have to rely on them to tell us? that's verification iranian style. no americans will be allowed on any inspection teams. this is one of the secret side deals. it's a deal between the

iranians and the international atomic energy agency, which reports to the united nations. it is the un which has okayed this iranian self inspection agreement. how can any member of congress now support this deal? the president told us it was based on verification, we didn't know the iranians would be charged of verifying. how could president obama negotiate with any foreign power after this? china and putin? they know capitulation when they see it. the bottom line is this. america is in full retreat. they have humiliated secretary kerry and president obama. the word surrender is appropriate. ♪ ♪ stuart: quickly this hour to the markets. this is still a major selloff. down nearly 200 points, that's better than 1%. look at the 30 dow stocks. most of them are in the red,

that means they're down in price, we've only got four winners of the dow 30. the s& s&p 500 a much broader indicator, down 22 points, 1%, that is now negative for this calendar year. oh, and look at the price of oil. we're watching it to see if it drops to $39 a barrel, not so far today. 40.90 is the current quote. and scott trades all kinds of commodities in chicago, and he joins us now. why is oil continuing to slide? is this simple supply and demand, scott? >> well, obviously we've got an economic -- a global economic issue, which is part of it. but in the short-term, yes, it's a supply issue. we are over supplied. the demand has actually been doubled than it was this time last year. but the supply has four times as what we've had last year and then going into these slow periods, which is typically september to november, that doesn't boat well and china slowing down, that doesn't boat well. a stronger dollar, that doesn't boat well.

so nobody. if you're aboil bull, you've got nothing to hang onto. we're going to go to 35 to 32 stuart: the way you guys trade, the moment you break below 40, then i mean the floodgates open. that's the way things happen in chicago, isn't it? so you're saying if we drop even briefly below 40, with we're down to 35 or 32. >> yeah. i guess i think so, and i'll tell you why. because when you've got, say, 20 to 30% of the jobs since 2008 in this country came out of the energy sector, that can't be good for those stocks or the stock market. we're going to see more of what you're talking about this capitulation because we need those people to be healthy to get this thing going again. we just don't have the demand. global gdps are going to be lowered every day. they're not going to hike in september, they're not going to hike in september, i think there's more of a risk of qe4 next year than any rate hike. stuart: save the best to last. we will see you again very soon. all right., everyone, going to

get back to that iran deal with each new detail that's released seems the iran deal gets more and more scary. listen to what donald trump said about it on mornings with maria today. >> look, it's one of the worst deals i've ever seen. it's, like, negotiated by babies, by incompetent people and now on top of everything else, on top of the 24 days and the long period before you get to the 24 days, on top of not getting our prisoners back, on top of all of the other things, the 25 different points, they can inspect their own site? i mean you must be kidding. . stuart: well, tumbled right there. brett bear joins us now. the anchor on special reports, 6:00 eastern the fox news channel. all right, brett. you heard me. i hope -- maybe you heard me at the top of the hour. i called it not just capitulation, but surrender. am i being too strong? >> well, not according to many lawmakers on capitol hill. and even some democrats who feel like this deal has really not accomplished anything that

the administration set out to do. now, the administration defends it, and says that this is the way to prevent african-american getting a nuclear bomb and buys time. but, boy, you look and particular down the things that really they wanted at the beginning. or at least they said they wanted. the anywhere any time inspections. now they've kind of nuancedded that and now you have the iae with this side deal, which essentially has iran inspecting its own site but more importantly it's a military site in this military facility, which was a melling together, with anything that has to do with missiles or weapon identifying nuclear arms . stuart: . stuart: do you have any vote count in the senate do they virginia vote to override the presidential veto? >> they don't. they don't yet and the administration is getting

closer to their magic number. today senator from missouri says she supports the deal. yesterday senator ed marquis from massachusetts. those are not surprises necessarily but you are going to see these releases and if they continue to particular up to about 35, then they will be -- it's a fade of you don't be able to override the president's seat on. stuart: moments ago president jimmy charter has announced that the cancer spread to his brain. listen to this for a moment. >> they did an mri, and they found that there were four spots of melanoma on my brain. they are very small spots, about two millimeters, if you can vision what a millimeter is. and i get my first radiation treatment for melanoma this afternoon. stuart: brett, he was composed, he was humorous, and he said he was very much at

ease with this diagnosis. your thoughts right now on president charter. >> he is 90 years old, and he is nonstop. he has not pulled back at all from it charter center. he's doing things around the world. and one of the things he's been doing is to raise awareness for the treatment and research into stopping cancer. i think that's one of the reasons he did this long form press conference today, stuart,. stuart: yeah. >> he feels confident of his treatment there at the university, and, boy, i tell you. no matter what you think of his politics or his time in office, pretty amazing to listen to him and deal with it in the way he does. stuart: a fine man. brett bear. thank you very much indeed. we'll see you soon. thank you, sir. >> sure. stuart: i'm going to switch gears completely. we have tropical storm danny officially upgrade to the first hurricane of the season. danny is about 1,000 miles east of the caribbean islands. maximum winds have increased to nearly 75 miles an hour,

they are expected to strengthen further. now this. the latest poll, it shows hillary clinton with less than half of the support among democrats in three swing states. she's under 50%. look at this. 48% support in florida, 47 in ohio, 45% pennsylvania. and look who is here to comment on this. gretchen carlson. wonderful to have you back, gretchen. >> so great to be here. thank you for having me. stuart: what do you think of this? she's under 50% supported in those key states. >> her team said nobody cares about this e-mail controversy except for reporters. i guess they do because this would have to do a lot with trust and being below 50% this early on, i think this is going to continue to go down. she's also losing to marco rubio and jeb bush in florida, which is really interesting, and she's losing to donald trump i believe in that state as well right now. stuart: now, the news this morning is that senior staffer in the obama team has gone

over to be a part of the committee to draft joe biden. >> oh, yeah. please. that's, like -- wouldn't you like to be a fly on the wall there? what's really going on in the white house? who do they really support? hillary clinton was the secretary of state, but does president obama really want joe biden into it race. stuart: you asked the question. i'm going to say "yes." >> well, it's up to the department of justice how far not going to give this e-mail controversy and who is going to make decision? . stuart: president obama. >> gloam check the share price of google. by the way, it was up yesterday and very much a down market. down $8 today. that's 1%. but here's the story. one researcher says he's looking at their algorithms, and he and he thinks google could heavily sway the affliction 2016 based on what search results it shows without a voter even knowing it. brett larson is here. i've got to get to grips with this. >> right. stuart: . stuart: google be. >> their algorithm. i didn't do well. stuart: ignore that expression.

google pushes new out to people. >> correct. stuart: it decides what news to cover and how to cover it. and it's algorithms who decides who gets it. >> right. stuart: that could sway the election of 2016, and i believe it could sway it to the left. that's what they did in 2012. your comment. >> i wouldn't think they were going to do it intentionally, i don't think that's the case. what happens with the google algorithm is it's based on ranking and interest. the more people go to a website, the more people refer to that website, the higher the goes. the research that they've done, it's interesting, but it sort of follows a pattern that we're familiar with. the more you talk about a candidate, the more they rise in the polls. so it's -- stuart: but how you structure the algorithm, isn't it? you can tweak an algorithm to show something different in the search results depending on how you got the math. >> you could. you could go in there and change it so every time someone said -- typed in the search republican presidential candidates, you could always

make sure donald trump goes in the top or always make sure marco rubio goes to the top. you could do that. >> of course. the best-seller list for books. stuart: you should know. >> i should know. they have their own algorithms for that as well. >> and we saw controversy with that with ted crews buying his own books to go higher on the new york times list. stuart: 2012 the guy who basically ran google at the time, also ran president obama's reelection campaign, the technical side of it. google is hooked into the democrats. >> right. most tech companies are because they tend to be more -- they tend to fall. stuart: yeah, i've got a problem with it. we're in 2016, are we going to have the mighty google pushing people left? >> we would hope that wouldn't be the case. stuart: but that could. >> that sounds very, like, you know, you have this giant monolithic company that no one knows how it works because google for obvious reasons keeps the algorithms secret. you don't want that information. so it's going to be interesting. i mean, you know, we also --

it's an interesting time in politics given social media because how do you reach people who aren't interested in your method? . stuart: brett, are they going to skew it left? >> i'm going to write this down and seal it in an envelope and will open it tuesday. stuart: what did she don't use the word kastopian on this program, we don't know what it means. what's it going to take to get this economy back to 4% growth? i will ask again in a moment can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought.

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stuart: whoa listen to this. breaking news from greece. dow jones reports that prime minister will hand in his resignation later today to clear the way for the up coming elections. he's out. some impact on the market. the dow jones average now down well over 200 points. all right. look at the share price of disney. it is the biggest looser of all the 30 dow jones stocks

right now. the wall street bernstein said it no longer believes that disney can out perform the market. down $5, nearly 5%. we always keep a close eye on twitter. been beaten down recently, down again today. twenty-six dollars a share on twitter. all right. i'm going to pass some judgment here. there is an uncomfortable feeling on the market. you can see that. there's a sense of unease. i think there's a sense of unease about the whole country and where we're going. i want to talk about the economy and bring in what i want of course is robust growth like everybody else. come on in, glenn, former economic advisor to george w bush and now dean of university business school. all right, glenn, i know what you're going to say. to get 4% growth, we've got to lower tax rates. i'm with you all the way. but to get 4% growth and lower tax rates, you've got to have political change, don't you? >> we do. we can't have an environment where we can get fundamental tax reform, better labor market policies, we will have to have an election about this, and i expect the

election themes on both sides will be about visions for growth. . stuart: well, so far that's not been what this election is all about. it's the phony war on women and now it's political correctness, can you call them anchor babies wonder immigration, i have not heard about anybody getting the table going. you've got to have political change. you've got to have it if you want to get a robust economy. >> we believe. if we had growth much faster now, do we really think we would be hearing some of the themes in the election that we're hearing? we've really got to get growth because it's with that the living standards and job market will improve, and i do think you have some candidates talking about this and i expect over time it will be more and more of the issue. stuart: we have dr. ben carson, he's got the idea of 10% tax rate or 10 to 25% across the board. just listen to my guest ben carson a couple of days ago. >> it's a practice portional

tax. that's what tithing is. you make $10 billion, you pay a billion one get $10, you pay one. of course i would get rid of all the dedeductions and loopholes. stuart: what do you think of that? he said 10 to 15% flat rate tax all across the board. what do you think of that? >> i don't think that's a serious proposal, it's an unlikely place to start. i think a real proposal is how do we get corporate taxes to be such that america's competitive again. people want to invest here? how do we cut tax rates on business income so that people want to invest and higher people and then how do we pay for that with a combination of broadening tax base and economic growth? i think those are the kind of serious proposals that we would need. stuart: so you would start with cutting the corporate tax rate currently around 35%, the highest in the industrialized world. >> absolutely. if we bring the corporate rate

down, two things happen. first of all, are you jump-start everyone global's interest in america. second workers here are better off because that investment leads to higher productivity and higher wages. these are big reasons to get america's corporate rate down . stuart: we'll have to wait another day to talk about reaganesque cuts, and i look bad to that discussion. >> okay. stuart: thank you very much for joining us. >> thank you. stuart: moving on to the female viagra, why not? been approved by the fda. the company that makes is about to be sold for $1 billion. we will discuss it in a moment when you do business everywhere, the challenges of keeping everyone working together can quickly become the only thing you think about.

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even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. stuart: a new diabetes pill from lily cuts the risk of heart attack, stroke, ask death, no surprises, lily tops the s&p 500 index. it's up $3 on a down market. how about that? fda approves female viagra. i spoke to someone who had been in the trial using this pill for many months. listen to this. >> and we were at that point because this issue had come up, and we were not communicating about it. we were sort of at the point where we were trying to decide is this going to work or not. and so once i got the

diagnosis and realized what was going on, then i was able to communicate it to my now husband, and he was able to understand what was going on. so it really opened up a whole new level of dialogue for us. stuart: it worked for amanda she tells us that it saved her relationship. and now we have news that the company makes the pill has been sold for a billion dollars to a canadian company. gretchen is still here. >> of course for this topic. stuart: what do you think. >> i already popped a couple of these earlier. stuart: okay. >> no, really here's the thing. it's different than male viagra. stuart: yes. >> this is not -- this has to do with desire. stuart: okay. >> so women who have this hypo -- whatever it's called, hypoactive sexual desired disorder. stuart: yes. >> it's not a performance drug. and i think that that's why a billion dollars is probably the right price for this. if it were a performance drug for women, there would be a line out the door in every single pharmacy. stuart: i take the other position. i think that this is going to

be a blockbuster, and i think a billion dollars was a steal. >> but this is just to increase desire. stuart: you don't think that a lot of people would just try it almost recreational? >> no. not necessarily because there are a ton of side effects. stuart: there's side effects to any drug. >> i know when you see the commercials he tend, the voice goes -- you hear gas and you hear, like, people just tune that out now; right? stuart: yes. >> but when you read the details here, first of all, if you're on birth control, you really -- you know, might have problems with this drug. if you drink alcohol, you might also have problems. stuart: that lady we had on, she's a social drinker, she didn't stop, they took this for nine months, and it worked, it increased her desire. >> okay. i want the viagra for women that increases performance. sorry. stuart: i suppose we could get into that -- >> i think think that would be a five to ten billion dollars company if not more. stuart: i think you're wrong. i think the company that bought is a canadian company,

they've got a worldwide market. what is that? nearly 4 billion women on the plant. maybe half of them would be susceptible to taking this. >> half? . stuart: i don't know. but come on it's a huge market. >> yeah. well-- i don't know. they're saying for premenopausal women. we're going to disagree with this. stuart: yes, we are. >> but since you're a man and it's a female drug. stuart: i've got nothing to do with it. someone say otherwise. >> gretchen, stay there. there's a lot more on the show coming up we have a sheriff from arizona who is angry that the feds are letting felonies go just because they're foreigners. too soon for some bad lipreading? no. never too soon for this. we've got more to show you. >> i think it goes like that and this one -- no, this is -- goes over here. this is part of this tree. >> carson. >> oh, yeah, --

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stuart:'s still down two points. s&p 500 down over 1% and back in negative territory for this calendar year.

our next guest however says he is optimistic about the stock market. president jason rossman joined us. what do you mean by optimistic? you think it will bounce off the level 17,100 so it's a good buying time? >> stuart, but i've made optimistic is optimistic relative to other analysts. i do not believe that is the case. fundamentally china as they can turn. the u.s. financials are strong, banks are strong. i don't see any lehman brothers like in 2008. the housing market is as strong as it's been in eight years. you have fundamentals on your side. stuart: the feeling of unease ending iab under the surface here which were not quite sure about but we don't like it. the sentiment you've got.

>> that is true. the main drivers of that are china and what is going to happen in september. you had quantitative easing and easier interest rate policies and the crisis in a way. now that is changing they don't know how the economy will react if rates go up by 25 business points. the fed saves the day in september. >> we've got some more downside to go. briefly i will show you the price of gold today blowback above $1100 an ounce moving up recently at $21 at 1149. one particular gold mining stock that you like. >> newmont mining has one of the strongest balance sheets have been a major goal diner. they are huge company who's been in business for a long time. there's no making money and you have one of the most successful

traders of all time. george soros partner has recently made a 300 plus $9 that that the price of oil will go well. this is a classic case of keeping it in bulk and following the money. old has gone from night 802-1075. in this currency world we live in, the winner may be gold. >> we're listening to you, giving a sense of reassurance. come back again. back to the oil market, jeff flock is on the floor of the market. what's going on now? wireless backup above 41. >> now the more heavily traded contract of about 75 cents. there's nothing to hang your hat on if you're an oiled bowl. a couple things in addition to the iraq deal, the new and

permission you've got to feel cast more doubt on it ndi ran deal with iranian oil. the big auction yesterday of golf oil leases, huge falloff in interest. exxonmobil, shell oil and chevron. that speaks to less production going down the road that could be positive. i'm looking for something positive. stuart: i'm not surprised. just come and stay there. we will be back shortly. i've got to get back to politics. donald trump keeps pushing the conversation all the time. he's the only one taking hillary had gone. >> i think they may be won't prosecute her. a lot of people are watching to see whether they are honorable in that respect. if you look at general petraeus, what he did is a tiny fraction

of what she's done. the documents were far less than port in the document she's talking about. so many mistakes are made by her in so many lives. stuart: now bring in gop strategist ryan darling. brian, you republicans, what are you going to do? he was supposed to say he hasn't saturday. what are you going to do about this? >> it's still early. four years ago herman cain was a front runner. eight years ago you had a combination of rudy giuliani and fred thompson. still a long way to go. if you look to inspectors general, the federal government has says hillary clinton had classified information. he is speaking the truth. people want to hear candidates taking on hillary clinton had on as the poll numbers go down. i wonder at the interview this

will go down five or 10 points. it is so bad that joe biden is thinking about getting in the race. stuart: do your thing donald trump is going to say. gretchen collins doesn't think trump is going to fade. >> yes, i do think he is going to fade. right now you have 75% of the republican electorate being pulled. he's getting about 25, 24% and as other candidates drop out, are the voters are advocating to one of the other candidates. we have a bunch of debates to go. at some point people are dating right now. they are dating donald trump and the other candidates. when they want to get married they may have second thoughts. >> here's the other interesting thing. as an antiestablishment moving going on. what does he have in common with

donald trump? they are not politicians. that is what america is responding to right now. i hear from a lot of democrats in the union who also support trump for his comments on immigration in china because those jobs are taken away from those people right here in america. >> i agree with that. it is attracted to a good portion of the electorate, republicans and democrats. he is fighting with other candidates to be the most antiestablishment. ted cruz has been drilling against his own leadership in the senate. i do agree there's a very anti-washington atmosphere right now and republicans are not at their leadership and donald trump is writing to the anger and rage. >> bryant coming thank you for joining us. appreciate it. the immigration debate. it is blasting the federal government's policy. the policy allowed these three

criminal immigrants among others into the community that he protects. they met with ben carson about the issue and he believes this now. welcome to the program. am i right that you arrested people for an offense but you have to release them because they were foreigners. is that accurate? >> well, not just that. that happens all the time in my county and the state of arizona when it comes to immigration, it appears there is no law because there's no consequence. what has happened in the last two years alone, stuart, 67,000 of the most violent criminals in the western hemisphere, members of the cartel's, people who are kidnapping people, murdering them, hundreds and hundreds are being released into our community. i pointed out for a just this week that were released. one from sudan, one from iraq

about one from russia all tried and did of both kidnapping, numerous aggravated assault and numerous state and also two of them convicted of murder and they were released into my communities here in arizona. stuart: who released them? >> this is pace. the answer was they replied the demand for shares, have fewer democrats, house republican and wasted in unity saying this is outrageous that you are releasing murderers who are not citizens of america into our communities. what he think is going to happen? you don't have to be to share to think these people will kidnap people, murder people. send them back to countries where they are from. stuart: were they convicted of these crimes in america? >> yes.

stuart: the feds release them into your county where you have jurisdiction. that happened? i can't believe this thing goes on. >> it does go on. if you and i were convicted of this crime would have to serve 85% of our sentence. these illegals only have to serve 50% of their sentence turned over to ice. they were released almost the same day and a lame excuse they are saying is there is no legitimate travel documents for these illegals from russia, sudan and iraq and therefore they are being released. not one of the 67,000 criminals they released in the last two years alone have legitimate travel documents because they are here illegally. stuart: sheriff, i'm afraid this got to go. thank you indeed. >> dr. carson was great yesterday, too. stuart: yes he was. thank you indeed. we appreciate it.

i'm shaking my head. i can't believe it. >> that's just a slice of the pie. imagine what's happening across the country. stuart: is extraordinary, murderers like that released into his territory. we are going to lighten the mood just a little bit. next, have you seen this, probably one of those very funny take on the gop debate. watch this. tom schuler, funniest guy in the building, he is next. >> who is this? >> an old friend actually. you have to be joking. >> oh yeah, that is her. and real world location-based specs that taught it how to follow the wind. so while the ones on the left are waiting, the ones on the right are pulling power out of thin air.

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>> i'm nicole petallides with their fox business brief. we are seeing solid across-the-board. the dow jones industrial average with a loss of one and a quarter%. the nasdaq down one and three quarters of a percent. negative territory today. new-line as. twitter, hewlett-packard and they cap reporting after the bell. we are also watching after the dallas well. a billion dollars deal you don't have to pay so much because they want an actual drug that aims to boost a woman's libido.

we are looking at fear under pressure. 100% today after sales slip. start your day every day at 5:00 a.m. with sandra smith, lauren simonetti and myself. the

stuart: yes, i brought the sellout aired in particular, the 10 big names really getting hammered. netflix down 8%, apple 3%, face

the 3%, amazon down 2% and twitter and other low. twenty-six dollars per share. the gop debate. it's gotten that bad lipreading treatment. youtube user bad lipreading. here's to the traders than sports. reading the lips of gop debaters. just watch this. >> governor mike huckabee, how was your summer? >> it was dope. >> thank you. i'm getting at terms. >> all you freaks are bozos. >> she's great. you have to be joking. she pooped on the treadmill. stuart: i thought it was funny. tom shillue is the host of redeye on the fox news channel. >> at blue breath information. he didn't want to let that out that he was getting a perm. stuart: that made me laugh. what's wrong with that? >> is very difficult.

these guys talk so fast and they've got a really jump on that. stuart: hold on a second. i will run two clips, both of hillary clinton were she's trying to make a joke. she is is downplayed or e-mail scandal. listen to this number one. >> by the way, you may have seen that i recently launched a snapshot account. [cheers and applause] i'd love it. those messages disappear all by themselves. stuart: guy wasn't the only joke she cracked. she said something else with attempted humor to fox news ed henry. rolled out one, please. >> what, like with a cloth or something? stuart: tom, i think she was trying to pass off the scandal in a humorous fashion. i don't think it worked.

>> most people are not good at telling jokes that maybe she is purposely doing this to seem more human. stuart: people sympathize. they say i think at telling jokes. i kind of like hillary. stuart: it is not a skill you can learn. >> as an advisor would not be advising her to make light of trying to delete e-mails. the whole controversy is about the fact that she wiped her server claim. that's nothing to laugh about. if the committee and said that joe, do you think people would laugh? >> it is all part of a strategy issues obviously very to turned about this, but their system that usually works is to act like it's nothing. so they act like it's not a serious question them off it off. she's got a great laugh. people love to hear her laugh. don't you? everyone loves hillary's laugh. i play when i'm going to bed at

night. she tells jokes kind of like she likes to enunciate. why did the chicken cross the road. what difference does it make. stuart: listen to this one. some people dislike hillary so much that they are campaigning against them from the grave. we have a woman in new jersey who died and in her will it says in blue with flowers, please do not vote for hillary clinton. not particularly funny, but i do what your thoughts on it. >> most people tried to have a grand statement that they take to their grave. why not just practical. if my wife worked at icom my wife worked at icom or epitaph would be washed her hands because that is what she is all the time. i like that. go for the little stuff.

stuart: thanks for being with us. we have more trump for you.

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>> we have to repeal obamacare and come up with a much better solution. it is just a disaster. i don't know if you know, but obamacare really kicks in at 16. the numbers are catastrophic in terms of what it's going to cost. it is unaffordable and it doesn't work. not good. look at the premiums. look what is happening to the deductibles. you've got to get hit by a tractor in order to use it. stuart: he had to say it. he went through a lot of items they are about what is wrong with obamacare. was that accurate in the opinion? >> i think he's right on the money. this thing does need to be repealed and is more forceful in the republican leadership which seems to have backed off of it. it can be done in my view. leasing costs go through the roof. overhead and obamacare, the government programs 45% spending

this year. think about it. give the government a program like this. they will spend the money and overhead paying for bureaucrats which is exactly what is happening. cost for the insurance itself goes through the roof. stuart: he says this, this comment is coming no hedging, no double talk. >> is appealing with the message to the american people. >> i do not think he is going to fade. i think his numbers will continue to rise. stuart: gretchen carlson said a break here, everyone. >> 33% higher risk of stroke, 13% greater risk of developing heart attacks if this could be because they are sitting at a desk longer than people who work 40 hours a week. when you work longer you go home and smoke and drink more which could be factoring into it. i'm not surprised by this pic of

the work longer hours or more stress and don't have the much time to get it done when they do get home. stuart: we are told that live television is a high stress business and i believe that's true. i don't think that's bad stress. i thrive on it. i think you do too. >> i have performance my whole life playing violin all over the place. does that make me feel comfortable. if you throw someone into it but haven't done it before, high stress. i don't think anyone would find it stressful us like you do. you respond to that type of stress but not everyone does. he wanted to do every other segment. stuart: female will be a wild success that you don't think it will. enough of that. >> i'm not buying it either. >> look at netflix. you're not buying that either.

down 7%, huge draw. we are looking for a reason, profit-taking. netflix is by far the best performing in the s&p 500 this year but it is way down today. more "varney & company" in a moment.

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>> let's talk about some female viagra. i love it. i love, i love taking male viagra. that's one of the wonderful things, i like to have it at lunch, and pop in a little at dinner. i like to take some of the female viagra. a wonderful price for female viagra. >> that was good. dubbed over mine. and you think that's funny. >> i think it's hysterical! because you could not stop talking about female viagra since i sat down here. just about an hour ago. [ laughter ] >> time went fast, didn't it not? >> yes, it did. i love spending time with you, stu. >> television not stressful at

all. david asman sitting in for neil cavuto today. >> i was screaming at my producer saying you got the wrong feed! it matched so perfectly. >> i thought, my goodness, you fooled me. thank you very much, stuart. we have another market sell-off on our hands. the market is down 193, earlier down 247. it's actually recovered a little bit from its downplay, but what is going on here? day after day. downmarkets, very often triple digit down on the dow. jonathan hoenig joining us to explain whether this is just the beginning of something or maybe we reached the low end. what do you think, jonathan? >> there's a number of worrisome signs, you're talking about the sell-off in china for a long time. china is the growth story for so many u.s. stocks. seeing the big names fall off the cliff in the last few days. twitter at a new 52-week low. netflix down 8% today.