a fun show. another big day and tomorrow on mornings with maria, we've got another big show. and leader prominent sports agent lee steinberg will join us. it starts here at 6 a.m. eastern. all right, "varney & company" is next, stuart varney, it's all yours, sir. stuart: we'll take it. thanks, sandra. it feels like yesterday. let's hope it doesn't work out like yesterday. good morning, everyone, all the indicators are again pointed to solid bounce for the stocks at opening bell and china has adopted new support measures and the dow is several hundred points higher. now, we saw this tuesday and we ended with another big loss so the stakes are even higher today. if this rally doesn't hold, who knows where we'll go. you will watch it play out right here. now, watch this, donald trump throws a well-known hispanic reporter out of his press conference and then lets him back in again. another confrontation on

immigration and you will see that, too. "varney & company" is about to begin. ♪ >> you know, watch out, the way it opens is not necessarily the way it closes. >> what happens in dow, nasdaq and s&p futures is not directly to the equity equities. >> there's too much damage short-term to really have it correct itself just in a few days or a few weeks. it's probably going to take months. >> in the last half hour of trade, things start to change and move so you can't really judge from this pathetic, according to stuart, 362 point gain. stuart: disappointing. >> disappointing. stuart: i didn't say pathetic, i said disappointing and i think i've got it right. and that was yesterday, what a rotten day. look at it today.

dow futures point to a 350 point rally at the opening bell. now we'll bring you big names poised to open and how those big names are going to open. look at netflix, up about 3%, 29 minutes from now. apple also up about 3%, 29 minutes from now, but still only at 106 for apple. the high was in the 130's. where is facebook going to open this morning? i'll tell you, $85 per share. as for google, that's beaten down a little bit. probably less than the others, but that's going way up on the opening bell. 640 and change. amazon, here is another big gain. this is coming down the pike in a few minute's time. 484 range for amazon this morning. now this, hard data out today, first thing, 32 minutes ago to be precise. a 2% gain in durable goods order. is that rally-- i'm sorry, is that hard data giving this rally some backbone.

ashley webster here again. ashley: i think it is, stuart. i think we saw calmness in asia in the markets overnight which helped the sentiment this morning, but i think good hard data, positive data. this is business investment that's strengthing up 2.2%. when you get down to the core, it's the second month in a row we've seen this kind of investment. that speaks well to the economy. stuart: that doesn't speak to the-- durable goods. >> i was in the afternoon session and mid day we were up 300 points you could feel it, there was kind of a sense, it's all very unconvincing, almost a sense of doom and gloom and sure enough, those sell orders, by 90% to 10% came in in the last 30 minutes and we saw the market lose. stuart: now, if you look at the futures again, now we're up 360 points for the dow industrials. that's futures, okay? that's how the market is likely to open at 9:30 eastern time today. i hope it's not a replay of yesterday where we went straight up at the opening bell

and then straight down the last half hour of business. we'll have to wait and see, there's a cliche for you. wait and see. only time will tell. oh, dear. i want to move on to gasoline, please? 250-- actually 255 and i'm going to correct that graphic. 255 and that's the national average and that's down two cents overnight. the pace of the decline is picking up. maybe i'll get my gas price plunge after all. that refinery in indiana that had been shut down is back up and running. from chicago, patrick dehaan with gasbuddy.com. all right, patrick, that refinery back up and running. does that mean that the prices in the midwest will stabilize and start coming down rapidly? >> absolutely. we're seeing two stations in indiana 1.99 so some are in a big hurry to drop their price. the rest of the midwest, going to take some time, but we'll

see the prices come. stuart: you and i sat here and said there's a plunge coming in mid september. i think we're seeing it already. down 2 cents overnight. 12 or 13 cents now where you've got-- 15 states i'm told where you've got gas below $2 at least one station? >> yeah, it's rapidly increasing amount of states. in fact, we're just watching now. over1% of stations, that may start small, but keep in mind it's growing, 1% of stations in the country under $2 a gallon. it's going to go up and up. more stations are selling under $2 than over 4. with the price of crude oil going up. not a concern. crude ill under $40 so remaining in check and you're right, gasoline prices starting to plunge down 2 cents overnight. of course, this refinery getting back on-line is going to help put a lot more downward pressure, especially in the

midwest, we'll continue. stuart: i don't want to push the envelope too far, but what's the chance-- >> not you. stuart: what's the chance of $1.75 gasoline somewhere in america within two weeks? >> it will put you at about 25% odds. maybe even 50%. i think we're already down to about a buck 85 in mississippi. so, only a dime away. stuart: how about california? they've been suffering something rotten out there. tell me about it. >> well, california average is still well over $3. we're sharing their pain here in chicago for the time being. california will probably return to sub-$3 prices here in the next two to three weeks, but prices going down just about country-wide now. it's great. stuart: it's great. you know, in the financial turmoil we look for bright spots and some good news. who do we turn to? gasbuddy.com right this in

chicago. thank you, patrick dehaan, i'm sure we'll see you soon. thanks very much. well, to politics. things got heated between donald trump and a reporter from univision. roll tape. >> excuse me, sit down, you weren't called. sit down. sit down, sit down. go ahead. >> i have the right to ask the question. >> no, you don't, you haven't been called. go back to univision. stuart: all right. trump actually had jorge ramos removed and then about 15 minutes later brought him back in again and the two went it again. another it was heated exchange, the subject, of course, immigration. i'll have more on this and the whole thing for you in ten minutes from now. more attempt at trouble shooting in china. they took action to limit what they call speculation on their stock market and perhaps more importantly, they stuck another 22 billion dollars into the economy. and i want to talk about the

china relationship here. there's a state visit in america next month it's really coming up. do you think that president obama will lay the law down in that state visit? no, you don't. you were gearing up for that. >> no, i don't. i obviously think that scott walker, comment ridiculous. stuart: scott walker, republican candidate said cancel that state visit. i think that's going-- >> passive-aggressive is not a way to lead the country necessarily e and can we rely on president obama to really go at it with china's leader in private? >> i think that they will talk mostly about how great it is that they're both committing to limiting carbon emissions. >> oh, my gosh. >> i'm not joking, that's what they focus on. ashley: china does not limit. >> they'll talk about stuff like that, because it's easier. they'll talk about anything, but the tough stuff that's hard. stuart: in private they're

going to have to be going at the economic relationship which is turning sour? >> i doubt it. i don't think he knows what he's doing. a lot of the policies are similar to what china is doing, injecting more things into the economy. and maybe if he's smart he would say, hey-- >> what about scott walker, is it a mistake to say something like that? i think his credibility takes a hit. it's so trumpesque. >> it's simplistic and shows a lack of governing, which he's a governor which is shocking. i'll show him and that's what middle school girls do. you can't come to my sleepover. this is way too serious for something like that. stuart: speaking of serious, interrupt you for one second. breaking news, we've got a shooting in virginia. a tv crew is said to have been shot and killed during a live report at a large shopping area near roanoke virginia. shots rang out during a live interview killing a reporter

and a camera man. the station wdbj has confirmed that. we're waiting for more details. this is a live happening story. we'll bring you the full story as soon as we get more details upon it. okay. the congressional budget office lowered its growth forecast this year down to 2%. it was forecast at 2.9% growth. john layfield, are you there from bermuda. >> yes. stuart: you are, okay. the beach is the back drop there. that's a huge cut in the growth foreca forecast, are you surprised? since '09 they've doubled at least what's happened. you want the growth production, that's similar to china. replacing of stock markets worldwide. china goes from 7% to 5%.

that doesn't seem like much, but it's a 30% drop in gdp and we're seeing the same thing here in the united states. stuart: all right, more from john and cat in just a moment. we'll be back with you in a second. donald trump ejecting a reporter from a news conference and getting it back for a heated exchange. we're on it. more varney next. watch this. >> 11 million and-- >> here is what we're going to do, ready? >> the army? >> no, no, let me tell you we're going to do it in a humane fashion. believe me. i have a bigger heart than you do.

>> i have more for you on that developing story. the shooting in virginia. two members of a tv news crew have been shot and killed during a live report at a big shopping area near roanoke. shots rung out during a live interview. reporter and cameraman killed. the station wdbj confirmed this. ashley do you have more.

ashley: a live report around a shopping plaza 6:45 a.m. the victims are identified and the photographer 27-year-old adam ward. and as you can see pictures here, and 24-year-old allison parker. she just turned 24. one of the witnesses saying they heard eight shots go out during this live interview, killing those two. the reporter and the photographer. the gunman, we have absolutely no details, we're told that authorities are still searching for the gunman. stuart: got it. thanks very much. ashley: sure. stuart: things got really heated between donald trump and a reporter from univision last night. trump kicked him out at first, then brought him back in and then they had this exchange. roll at that tape. >> what are you going to deport 11 million-- >> here is what we're going to do, ready? >> you're going to bring the army? >> no, no, let me tell you, we're going to do it in a humane fashion. believe me. i have a bigger heart than you do. the one thing we're going to start with are the gangs, there

are bad ones. do you agree with that? or do you think that everybody is perfect. we have tremendous crime. i can't deal with this. those people are out. they're going to be out so fast, your head will spin. >> and well, when they cross the border from a standpoint, they're illegal immigrants when they don't have their papers. stuart: fred barnes joins us from washington d.c. you're laughing, but trump is sucking the oxygen out of the republican race and sticking immigration right in front of everybody. is he doing the right thing for himself and the party? >> well, he's doing the right thing for himself. and this is what trump loves. i mean, in this whole incident last night, this whole spectacle, trump was completely in charge and that's what his fans, his supporters like the most. here is a guy who is in charge. he threw ramos out and let him back in and argued with him, but of course, trump was at the podium and was the winner in the argument and ramos was out

in the audience, can't really hear him very well. this was a-- this was trump at his most spontaneous, with his most attitude and swagger and this is what his fans love about him. stuart: i'm beginning to hear that trump will the nominee. what says fred barnes? >> well, look, i didn't think it was possible a couple of weeks ago, now it's possible. i mean, you see trump's numbers, i thought really had peaked at 24, 25% of the republican electorate at large. and now we see him over 30% in polls in iowa, new hampshire and south carolina, where the early contests are, trump continues to rise. and you know, stuart, i went to a focus group a couple of nights ago to see all trump people, about 29 people and they just look at him, not as the best of the candidates, as someone completely different. stuart: was that the frank luntz focus group? >> yes. stuart: and where he went into

that, frank luntz went into that focus group saying i've seen this phenomenon before, i expect trump to sort of fade and he came out of the focus group meeting saying this guy might be nominee. i think there was a turn around in the focus group? >> well, there was. what you saw is, they treat trump completely differently. he's a guy that they think has-- is running just for them. he says what they think. they're like any of the other candidates, many of them just spoke for him. they love the swagger and they like everything about him. stuart: let's cut to it. 20 seconds. would you be comfortable seeing donald trump as the president of the united states of america? >> there's a difference between winning the republican nomination, which is possible and winning the presidency which he can't. republicans need to win 40% of the hispanic vote and trump wouldn't get 10%. i don't think he's going to win the presidency and fairly uncomfortable if he did.

stuart: all right. fred barnes, an honest man right there. thank you very much indeed, fred. see you soon. sorry to cut that short. we've got the breaking news we've been trying to cover this morning. as for the markets, it's going to open higher, several stocks will get in, i should say that the dow will gain maybe 300 points. watch out, the rally at the owning bell today doesn't hold, watch out. the only way to get better is to challenge yourself,

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not the other way around. >> we're following a developing story. a reporter and camera operator shot dead during a live news segment on tv in virginia today. ashley more details. ashley: the victims 27-year-old adam ward, the photographer. this happened on live television. the reporter, 24-year-old alison parker. they were at a shopping palace when the gunfire rang out by some accounts eight shots and those two individuals were killed. a short time ago the station's general manager jeffrey marks went live on the air to deliver the statement. >> very, very sad duty to report that we have determined through the help of the police and our employees, that allison and adam died this morning shortly after 6:45 when the shots rang out.

we do not know the motive, we do not know who the suspect or the killer is. >> and again, that was the general manager of the station, wdbj near roanoke, virginia. to pick up on what they're saying, they're on the search for the person responsible for this. multiple agencies as you can imagine now combing the area. the motive and who was responsible. that's what they're trying to find out. stuart: had you been watching that station this morning. ashley: yes. stuart: at that time in virginia, you would have seen it live. unfold before your very eyes. ashley: before your very eyes, shocking. stuart: indeed what a shock. thanks so much. opening bell on wall street, moments away. it's going to be a dramatic session. and the big story is, will the rally, which we will see at the opening bell, will it hold? big deal. back in a moment. can a business have a mind?

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with you. the dow closed yesterday at 15,666. is that a bottom? >> i don't think so. i think the market is trying to find a way to reprice itself and i don't think we're quite there yet. what worries me the most, stuart, is selling into the close. if you did not have that last friday and this week, that would not concern me, i'd think we were seeing a bottom. i would not buy into a rally. i'd buy as it it's going down. stuart: you would buy as it's going down. sandra, you're the trading type. >> i'm a contrarian, i haven't seen or heard the taxi driver concerned about this, you're not getting that level of like, this is panic and shock in the markets, not yet at least which gives me the feeling we might see more selling here. not like the bottom's not going to fall out or anything like that there might be more to this correction than we've seen. i'm not ruling out a turn around and large upside like goldman sachs is calling for 11% gain by the end of the

year. stuart: well, the s&p 500 stocks lost $2 trillion worth of value since this slide began. ten seconds to go before we open this morning. we're looking for it, yes. applaud, everybody, why not? we're looking for a 300 point gain. the big question, if we go up that much, can we hold it? if we can't hold it, heaven knows what happened. stuart: we're up and running, here is the horse race, here we go and off they go. up 46 points. do you remember yesterday? we why supposed to go up 600, 300 and i pronounced myself disappointed and took issue with me, i was right. we're up 118, 114 now. sandra: oh, boy. stuart: let's go with big names we quote for you every single day and they've been up and down for the past week. start with netflix. where is netflix as of right now? okay, we're trying to get that. trying to get that for you. there immediately. >> it's expected to be up, by the way. ashley: it's up 6 bucks--

up 6% up. stuart: 107 on netflix. how about apple? there's a stock that he is coeh- that's come down from 130. that's not a massive bounce. ashley: 2 1/2%. stuart: it's not a huge bounce. we'll take it. how about facebook? heard a lot of talk about facebook, and billionaire bought 100,000 shares, is that right, sandra? was it mark cuban? >> no, seth green. stuart: bought a big churning. sandra: 100,000 shares. stuart: and it's up. google. was that a conviction buy now from goldman sachs? connell: goldman sachs upgraded to a buy and put it on the conviction buy list. google has 30% upside. stuart: it's up $34, 5 1/2%, big gain. amazon, i think there's going to be a big gain there as well. $18, yes, 4%. 484 on amazon. john, come back in again, please, those gains in the big

name stocks, are we going to hold those gains for those stocks? >> i don't think we are. i think we're going to see some selling before labor day. i'm looking to get into apple, i might prefer to get into apple at 100 and google. i think they're doing everything exactly right, but i think you're going to see pullback on this. look, i really think this is just, not a bear market bounce, but this is a pullback bounce that you're seeing and what happens, what's most important here, what happens at the end. day, if we see selling going into the close, i definitely would pull money off the table and wait for later opportunity. stuart: okay. we're doing better than the futures suggested. we're up almost 400 points. we were expecting to see a gain of 300 points. so, unlike yesterday. ashley: how are you today? >> delighted, 400 point game. sandra: there was a difference, by the way, yesterday at this time and today at this time. asian markets, there was more of a calm in asian markets

overnight than two nights ago. stuart: you're getting technical on there. sandra: that's not that technical. stuart: and that's not technical, all right, all right. show us the viewers, please, the 30 stocks of the dow industrials. look at them. green from eye to eye. not bad at all. every single one of the dow 30 on the upside and the dow itself is up nearly 400 points. those are the-- now, i want to show you the components of the dow that have been hit hardest in the past two days, as the dow now goes up 400 points. now, these stocks were hit really hard. some of them down 6, 7, 8%. merck, chevron, cisco. and today they bounce back 2, 3, 4%. mcdonald's, microsoft, i own it, visa, j.p. morgan, now, they're also bouncing back after big losses, but nowhere near the highs they reached a couple of weeks ago. come back in, john. you're telling us, i want you

to repeat us, this is not the time to buy says john layfield? >> yeah, i really think around labor day you're going to start seeing this, that's when most people believe that the market starts back up in full force and that's pretty much the new year for the market. i would really wait until then. i don't like the big banks, i like some of the regional banks. i don't think right now, stuart, that this is a chance to buy these stock market, it's a chance to buy stocks. it's always a stock picker's market. that term is overused now more than ever a chance to get into a certain stock. puttin 0 your price target and see if they hit it. stuart: i know you're a commodity buy, is this the time to buy? >> i don't think you fully commit we could see down moves. i'm going to invest half of my money in the markets right now. and here is the difference that hasn't been mentioned, the market has been fearful of china dragging the economy down.

we had a durable goods number that was pretty good number. and the gdp tomorrow. athat's going to give us confidence that our economy is doing all right and the stock markets could do good along with it. stuart: we got the number durable goods orders up 2%. ashley: 2.2%. stuart: at that point the futures gave it another jump. ashley: gave it the backbone it needed. stuart: we're now up 412. ashley: and up 16, and no money into gold. sandra: just watch. everybody is so afraid there's going to be an end of days selloff like yesterday. nobody is going to buy into the rally and we could finish here. stuart: you might have missed an opportunity. of course, i don't know that. you're right, everybody is scared to death of a last half hour, last hour selloff just like yesterday. watch out. let's move on to china. clearly their economy and market is in trouble. china is injecting another 22

billion into its economy, trying to put a floor under the economy. dan, come back in again please, what does it mean for us here in america? >> well, it's interesting, what's going on with china has been influencing us so much. if you look alt the u.s. exports in china 7% of our gdp or exports, i should say and 20% of em ports. even if the china economy imploded are we going to lose 7% export? no. let's say we lose half of it, we'll do all right as long as our economy is performing. i don't think it's big enough to drag us down. stuart: i want to take another look at the dow industrials, you can see it. we were up 420 and now up 373, it's a solid gain by am i standard. big oil deal, going to tell you about that. schlumberger buying cameron. nicole, the effect on stocks, please. stock prices? >> well, take a look, what

we're seeing is that cameron surging 45% and schlumberger goes to the down side to the tune of 2% and schlumberger basically saying in the current environment, the ceo says it opens new and broader opportunities for the company and the weak environment we see in energy, particularly in the u.s., that recovery is not likely until next year. this is why we're seeing this happening. royal dutch/shell. we see halliburton with a deal on baker hughes and this is yet another deal in this industry. >> you'd be cheering things on if you're an owner of cameron international stock right now. a nice, nice winner. look at the price of oil at this moment. we're still below $40 a barrel, but only just. and that refinely in indiana that had been shut down, it's back. look at that. 39.18, a break below and that refinery is back up and running, the whiting bp

refinery is running again and that may relieve the prices on gas-- it will in the midwest. dan, you and i and scott shellady have been talking about a gas price plunge for a long time? is it finally here? and i mean a plunge. >> i should sure hope so. it's interesting when they announced the whiting refinery had problems, my gas prices jumped 75 cents overnight and had hasn't come down 75%, but i think it's coming in the next couple of weeks. stuart: is plunge an acceptable-- what are you paying right now? you're in the chicago area, what are you paying? >> i just went past the gas station this morning on the way in 3.19 and that's in the suburbs. the city is a little more expense zych. stuart: is that for regular? >> that's for regular. stuart: okay. you're not driving one of those high-price the luxury scars like scott shellady. >> no, and if it was, cheap gas is going in it. sandra: that breaks my heart. i fill up with premium. stuart: always?

connel connell: . >> it's better for the car. stuart: if you drive a subcompact, then-- let's move on. . congressional budget office lowers the growth forecast all the way down to 2%. from 2.9%. dan, come back in again, please. that is a big cut to the growth forecast. >> hey, and let's put it in perspective. it was long to the upside and i'm putting little faith in it and it may come in lower, whether it's 2%, i don't know, they're guessing like everybody else. stuart: what did you say about the gdp number coming out. i think it's later this week? >> i believe it's tomorrow. stuart: what are you say about it? >> we're looking for an increase in it. stuart: it's looking bet they're originally, right. >> yeah, they're talking about 3%. stuart: what about the new growth forecast? we asked you before and you

don't think much of it? >> no, they need to drug test these guys. and it's double what actually happens, since 2009. and these guys were predicting a 4% growth and the white house and cbo and it's coming in about half that. now you're seeing this again. look, i really think this is political. they put this rosie gdp outlook out there hoping somehow imagine imagine gi -- magically it's going to happen. stuart: let me reset the market. we opened up 300 points and then up 400 points and now we're up 364. some of the big winners in the s&p 500 cameron, fmc, national oil well, netflix, there i see 6% gain there. emc up 4%. more big gainers, google a conviction buy from goldman sachs, is that right, sandra. sandra: 30%.

stuart: well, it's up $32, 5% as they say there's a lot more to come. merck up 3 1/2% et cetera, et cetera, et cetera, so there's a solid bounce. >> i don't know why the average investor would try to be bottom picking, you know? trying to pick when the-- >> i agree with you. >> why? >> if they think the companies should be in your portfolio. sandra: or buy them now and hold them and do your homework and research and find out what you want to own and watch and track them a little bit see if they go to a price attractive for you to own at those levels? >> especially if you've got them in a plan and you don't pay a tax on that profit and shift the money into bigger name stocks you think are better for the long. am i doing something wrong. ashley: i don't think so. very sound advice. stuart: thank you very much indeed. that's pretty good. now we're up 328 points. sandra: and you're on the shoe show enough. stuart: you advise people,

john, what's wrong with buying the big name stocks, they're not going anywhere, buying them now even if you get a better price in two weeks, what's wrong with buying them and holding for two years. >> they're two separate points. i agree completely with sandra. the look, the s&p was up 100 in 1975. in 1985, 200. 1995, 500. since then it's gone up almost four times to 2000 including two big swings, you had the housing crisis and the internet crisis, buying and holding has worked long-term, but when you're talking about looking at companies that you like and trying to get into the drug stores, walgreen and cvs. if you see a company you want to own for 10 to 20 years, at least the forseeable future. there's nothing wrong with looking at it and picking the price target, but to your point you want to hold them long-term. forget about timing the market. it's more important, time in

the market. >> where is the rally going. stuart: it's down. and i know you're a commodities guy, what is wrong if you're a long-term investor, what's wrong with buying a big name at new lower price and holding it for years? >> there's absolutely wrong. and if you want to be somewhat safe about doing it, don't buy all of it. dollar cost average. buy half now and see what happens in two weeks, it may go down, ma i go up. if you buy it at whatever level you're going to average your price up or down a bit, but you're going to be in the stocks as long as the long-term. it's important to remember, most of us are investors not day traders, big difference in these things. stuart: what about hunting for dividend stocks? and you can buy some big name blue chips for 4%. no matter what you'll get your 4% for the prices. sandra: looks like people are doing that. you showed the breadth of the market, all 30 dow components are up and all sectors

rallying, this is a broad-based rally we're witnessing, but we did see that yesterday morning as well. stuart: we did. with 13, 14 minutes into the trading session and a 300 point rally is what we've got. whether we go down from here or up from here, i haven't a clue. the initial rally losing a little steam, but still holding with a couple of-- 300 points on the upside. ashley: the question is the conviction, stuart. how much conviction is there in this and we'll find out in the last hour of trading today. stuart: that's what we're here for. everybody is worried about the last hour of trading, will we take another nosedive. if we do, what does it do to your property and tomorrow's trading. sandra: the durable goods order came out close to the opening bell just before your show started and it did indicate growth in investment and growth in spending, durable goods orders were up 2%. that was considered sort of fueling the earlier rally and

that's when we reached the highs of the pre-market session. so, durable goods are pretty, but it looks like the steam is sort of coming out. because we're back to levels before that number came out. >> talking the breadth of the market. can you show me on the screen where you've got all 30 dow stocks? i believe they're all in the green at this point. the dow industrial average, of course, is a broad swatch of american industry. all industries represented from high-tech to energy, you name it, it's on that list and all of them are in the green. every last one of them, i'm squinting, but i can just make out the individual names right there. merck is the biggest winner, j.p. morgan, apple is right there and top performers and the dow industrial average. i'm looking at walt disney, 97 on walt disney, a long way from its high and looking at mcdonald's at 92. maintaining at the price it's been at for some time. ge, maintaining $23 per share. remember, monday morning?

ge sank to 19. quickly went back to 23. it's holding at 23. >> mcdonald's got beat up. another dow component because of exposure to china. a lot of people are looking for stocks that got hit so hard because of the china worries and some are buying those names this morning as well. broad based rally in the early going, holding with a gain of 300 points for the dow jones industrial average. and we've got someone with us who has two big blue chip names and he says these are a buy. his name is jack hough howe. >> you're not going to take this market down. take more than you to do that. you've got two names on sale. and you jump in and buy them now and if you're a long-term investor, these are go-to stocks. name number one. >> we'll talk about boeing and google. so, if you look at boeing right

now you're paying 15 to 16 times earnings. boeing just came out and talked about, they pulled a tim cook basically and said, hey, our demand in china is pretty pro bust now and seeing good orders. people have been worried about that. what i like about boeing is this. we focus on the iphone, versus this year and last year. top selling plane of all time came out in the 1960. they have long product cycles. what happens, you get big differences between the paper earnings and the cash flow that are coming from the planes. right now everyone is seeing, 15, 16 times earning for boeing. 13 times free cash flow and that's going to continue to ramp up faster than earnings, that's bigger dividends for investors. >> stock number one, big name, boeing, buy it at 128. you have no problem buying it regardless what happens the rest-- >> high quality, good price. >> next one is google. run me through that one. >> we're talking high quality

merchandise here, not the shattered valuations. google, you know, if you're looking for the next social media company, right? everybody's talking about facebook, twitter, who is next? we know what's next. it's youtube and it's buried inside google. when you look at yooub, they're outstanding. i don't get it, i don't spend all day on youtube, i'm assuming you don't. but some of the younger, more time there. sandra: why wasn't it already on there. stuart: didn't goldman say google is going up, up, 30% from here? >> yeah. >> their note says they're implementing greater transparency, that's code, they're not going to blow as much cash on robots playing ukuleles. they expect improving profit

margins going forward. stuart: jack hough, you don't care about the overall market, but-- >> i do care about the market. i don't think that the u.s. market is especially cheap right now. we're 16 times earnings. earnings growth is nowhere to be found. that suggests to me people want to pay lower prices. what i do see is a dramatic difference in the market between the haves and have notes. for every high flying amazon and netflix adored by investors, you've got american airline benefitting from the oil price, and paying four or five times earnings. ashley: and that's to you-- >> absolutely. four or five times earnings. ashley: we talked about that, didn't we, stuart, four, five, six stocks leading way, but when you looked at the underbelly of the market, not so pretty. stuart: we spend a lot of time on four big name tech stocks, all of the running for at least a year at least. that's what we've been following.

i'm glad you introduced us to boeing. we'll follow that, too. the dow, 329 points now, with 29 pistons -- 29 minutes into the trading session and the dow is holding. let's not hope it's a repeat of yesterday. watch this space and you'll find out, back in a moment. and why stop what you're doing to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision,

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>> you have a right to be a little nervous. the market is pulling back from its initial 400-point gain. now we're up 267. everybody is waiting to see if it's a repeat of yesterday where we had a strong market for most of the day. down she went in the last hour. a couple of winners, dow jones industrials stocks winners, merck, visa, apple, j.p. morgan, 2 to 4% gains across the board. now, we're following that developing story. a reporter and cameraman shot dead during a live tv news segment in virginia from station wdbj in roanoke. ashley, new details, please? >> this cast ought on live morning television around 6:45 a.m. reporter 24-year-old alison parker and her photographer, 27-year-old adam ward, you can see their pictures here, they were doing a report for morning television at a station in central virginia. this he were outside a shopping center in monita.

you look at the video and very disturbing. you heard gunshots ring out and the camera pans to one interviewed. as the shots ring out you hear screams and the camera is falling to the ground. as it falls to the ground you see the image of the man with the gun. not clear enough to give him a proper description, but you see his hand and arm extended out with the gun. police are searching for this individual. there it is. stuart: yeah. ashley: that's the image, clearly, you can't tell too much from that, but the search for him and why the heck he would do something like this is still unknown. the fbi has been called in from the richmond office. >> can you confirm the reporter shot dead was engaged to an anchor at the station. >> yes, alison parker was engaged to an anchor at the station and there's a message put out and they just moved in together and her fiancee say they were very much in love and he's just numb.

the photographer, adam ward, also engaged to a producer of the morning show at the same station. >> and again, let's repeat this. if you're watching that station around 6:45 this morning, in virginia, you would have seen this happen in front of you. ashley: yes. stuart: you're sitting there in your own home, you would have seen that shooting live on television. ashley: you can see the tweet put out the fiance publicly, but alison parker and i were very much in love and we just moved in together. i am numb. stuart: we are going to put up a screen grab of the shooting. not going to run the videotape. this is what you call when you take a shot. ashley: an image. that's it. ashley: this is before the shooting. ashley: literally the moment before the shots rang out at a shopping plaza, behind them was a celebration of this shopping plaza, an anniversary, if you like and then you hear gunshots

ring out and see alison parker, just turned 24. stuart: the young lady on the screen. ashley: she starts to run and the camera falls over. >> and the lady in white was not injured. >> apparently not. >> the shooter went deliberately to the reporter and cameraman. ashley: it appears to go on. stuart: the search goes on for that gunman. stuart: thank you very much indeed. the markets are coming up, and we're holding, by the way at a 300 point gain for the dow industrials, almost a half hour for the trading session. we were going up 300 points, you could tell that from the futures. we did go up, 300, 400 points and holding now 300 points higher. the second hour of "varney & company" is two minutes away.

>> that final hour became crucial. >> that's hanging over the market if you buy now, how do you know you're not sold from under under you that puts a damper on the market today. ferlg well it does except that if you were to buy, with you're still getting some stocks. i stress some add ad it discount from what they were two months ago. if you want to get something on

15% sale. i know you all want 40% sale. but that a moment missed monday on early parts of the trade. >> here's with a we've been saying on the the show so far if this isn't a huge selloff that takes us many thousands of points if you think that is not gong to happen, what's wrong with buying some of the big biggest of big names you buy them, you hold them you put them in your retirement account and keep them. what's wrong with that? >> now you're talking warren buffett language stuart. that may not thrill you but that's what he does. you cannot worry about the day-to-day if you are in it for a couple of years or longer we're not a stock channel but we're a business and money challenge and that is important to stress. that's how people make money when they're in for the long-term. >> i'm a political opinion -- [laughter] the edge. wmpleghts a business edge. we are a financial program by and large. isn't that true.

watch that final hour as you know, becausing in -- anything can happen. >> like the look of it now 317 points of points higher. >> let's talk stocks exchange. >> we're not china. [laughter] >> don't engineer the financial market. >> only thing that is earerly similar for the exact same range up 420 i think it was. the highest -- now 315. that is dead steady. right there. exactly the same as yesterday. >> how does that work? how is it that you can have 100 points of the open. couple hundred at the close and middle of the day you like this. >> headline come comes through whether it is somebody i was watching all of the news channels last night including financial channel and they said might there be a cue in china. come on. you start to talk about that

kind of stuff. now you're thinking calling quits, but there are gyrations in china. nobody is happy, how this is all played out of. they have not put enough stimulus or too indecisive they're not a free market. either way potential >> two of the things they're talking about too is when stocks hold their ground that could possibly mean big institutional investors are actually buying. other selling pressure is what is going on with the oil based we also g have funds because oil plunged so we're watching that as well. in other words these guys had to appease their populations with state spending, is it saudi arabia, norway or net sellers now, we don't know. >> what is with all of this computer trading have they sewn up the market to the move by l manies of shares traded?

are they affecting the market? >> absolutely. in a way that we don't like? >> earlier i was watching and she was talking specifically about we need some answers on 3 p.m. on monday that ran the commodity future trading commission that was suspect about what you're talking about. i thought hey, look we had a bad night in china there's a lot of selling he saw something suspect and you start to see that when huge program trades go through, and sometimes they're, quote, odd lot. have you is heard that expression. may buy 100 shares of google or 20 shairls of facebook, high frequently guys buy 2,098 u saw a lot of that happening and it does choke up the market and a clog up plumbing quite a bit. >> on monday morning when the dow dropped 1,000 points, more than half 50% of the trade went

on lots. : they played on algorithms that's a sign that the log -- the trading is taken over by computers. >> exactly. >> liz claman much more on the markets, special edition of counting down to the closing bell will be today. liz live from the floor of the new york stocks exchange. 3:00 eastern you'll get that last hour of business. exciting hour come down and join us. otherwisen gauged. [laughter] all right everybody serious for a moment following that developing story a reporter camera man shot and killed during a live tv news segment in virginia this morning. it was stationed wdbjing and station general manager made the announcement live on the air. watch this. >> very, very sad duty to report that --

we have determined through help of the police and our own employees allison and adam died this morning shortly after 6:45 when the shots rang out. we do not know the motive. we do not know who the suspect or the killer is. >> ashley you've been following it. what else? >> apparently there's a chase underway on a highway northbound highway -- 81 that is interstate 81 in virginia believed to be the suspect. so that's an update. search is non stop since this dreadful shooting which happened on live television 6:45 this morning. as you just saw there. allison parker just turned 24. adam ward. >> shooter deliberately went for the reporter and cameraman. >> when you look at the video clearly, obviously, disturbing he comes up behind them there, shopping center. >> not going to show that video. there's a shot of a blurred

image of the shooter because the camera fell on its side you can see that is shooter. much of this person -- >> you don't. now pursued in a chase underway police chasing a suspect on an interstate. >> again -- it was quite deliberate. the shooter and cameraman because the guest who they were interviewing at the time was uninjured. lady in white was the guest uninjured. >> seconds before shots rang out. the gunman coming up behind the camera -- and that's you see the reporter trying to get away about eight shots rang out, and the cram falls over. he capture that blurry image of the gunman. >> again they are chasing someone. >> that is latest. : continuing to follow this. >> the suspect i take it presumably in a car being chased on an interstate right now by police. >> i'm sorry correct something here. the lady in white, the guest was

injured and she's in surgery. very clear here gunman went after reporter and cameraman but that lady who was the guest was injured. and is in surgery right now. dreadful situation. all right i'm going to move on get back to the market now what is it 40 minutes into the trading session and dow jones industrial is holding again all but 335 points. let's see if it holds throughout the day. we have the congressional budget office weighing in on strength or otherwise of the u.s. economy. they've rearranged their forecast for growth this year. they were forecasting 2.9% growth. now they moved it all the way down to 2% even. liz mcdonnell doesn't look good. >> doesn't look good but a revision based on weak furs quarter that it came in january. so they are basically adjusting cbo estimates are pretty good. they're often in line in high quality request the blue chip consensus forecast.

federal reserve has been getting gdp growth and almost cut in half. so what we're facing now is, a congress that could go back in september with harry reid possibly threatening another debt fight. another budget spending fight will we have a government shutdown harry reid is now telling his democratic colleagues because we are in a slowdown. because the gdp is slowing down should we do more government spending will we have to blow through the budget control act of 2011 which put caps on discretionary spending so more money for the irs more money for epa and for health and human services possibly. >> looking side waist at liz claman says we have to have more government spending. >> cutback on if government spending and government jobs but i don't know if you saw this cbo said that revenues have come in and they've cut enough government diswhroobs it pushes

debt ceiling out to late december. >> that is a debate that debt that has shrunk versus gdp that's because the government is trailing down. >> enough 37. up 324. president obama is urged to cancel the state dinner with china's president. first news urging that cancelation is republican presidential hopeful scott walker here's the statement what he put out. given china's massive cyberattacks, again, america, it is militarization of the south china sea continued state with its economy and christians and human rights activists. president obama needs to cancel the state visit. national reviews johnson is here. what do you make of that deal slap him in the face. what do you say? >> you know, i don't think that's a great idea. the problem that the obama administration has with china is that it is not that it needs to cut off ties but that it is

taking the wrong approach. we've seen the obama administration for the fast six years try to convince china that there can be two global superpowers on the world's stage so we've tried -- seen a lot of reassurance. and what china has said repeatedly through their actions is that they're not interested in a world in which there are two global superpowers. they're interested in being the soul global superpower. so what we need from the obama administration is not to cut off tyings with china but to attack a completely different approach which is one of strength. i don't think cutting off ties sends that signal. >> do you think president obama will give that signal of strength confirmness because they have extensive talks in talks in private, do you think the president will put out america's position strongly? >> you know, stuart i don't think we've seen any indication that the obama administration is going to -- stiffen or strengthen its response. we've had a lot of -- chinese aggression, we've seen this cyberhack for example, chinese aggression towards its

neighbors. and we haven't seen from the obama administration any sort of strong response to those attacks. >> i've got a forecast actually i've stolen it from one of our guests she suggest qhad that we will hear coming out of this summit is news that china is going to reduce its carbon emissions, america is going to reduce its carbon emissions and all on the global warming platform all looking good. that was a prediction from someone else. [laughter] itit is not too farfetched? >> exactly. you know, an i think obama administration is fueling presidential candidates particularly donald trump who says, china is strong, its leaders are smart, and we're stupid we look like the boots here. in fact what you see with the stock market decline and this kreash, china is not as strong as it seems. what we need really is a different approach from the u.s., and if you see that people like donald trump it would take some wind out of their sales.

>> thanks so much for joining us we appreciate it. back to you. next donald trump throws a well known hispanic reporter out of his news conference but he lets him back in again, and a big dialogue about immigration. back in a moment. when you do business everywhere, the challenges of keeping everyone working together can quickly become the only thing you think about. that's where at&t can help. at&t has the tools and the network you need, to make working as one easier than ever. virtually anywhere. leaving you free to focus on what matters most.

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>> as we all following this developing story is of a reporter and camera man shot and killed° a live tv news segment in virginia. ashley you're following this. those are two people. >> allison parker there and 27-year-old adam ward, cameraman behind her shot and killed during a live television segment this morning near virginia in central virginia. last report we had that there was some sort of of high speed chase going on an an interstate i-81 we have not heard anything more since then. we have with no idea on any motive who this gunman may be. but if you look at the very disturbing tape from that incident, the camera falls down after a the gunshot it is start ringing out.

as camera falls it captures this image of the man who did shootings. >> bottom line it was a live killing on live television. this morning. that's what happened. >> exactly. thanks very much indeed. the big board we're coming back. we were up 300 points plus now we're barely up 200 points. 206 is where we are now. after development we're coming back down a little bit from where we were earlier. but all 30 of the dow jones industrial stocks are still in the green all of them still higher. a is one of the biggest leaders up 106 on apple and google is one of the biggest of them all s&p 500 3.7% gain there. 22 dollars higher. don't forget netflix, it too is bouncing back to 104. that is a 3% gain. to pluck p politics donald trump facing off with yuen univision anchor jorge ramos.

here's what we're going to do. let me tell you in a humane fashion. believe me i have a bigger heart than you do. one thing we're going to start with immediately are gangs and you agree there are bad ones do you agree or think everybody is perfect? we have tremendous crime. we have tread problems -- i can't deal with it out so fast your head will spin. okay. when they cross border from a legal standpoint illegal immigrant when they don't have pair papers. >> trump threw jorge ramos out brought him back again 15 minutes later and exchange over immigration continued it was contentious. wall street journal jason riley joining me now for comment on this. what had is the comment on what you just saw. >> probably good for trump. >> do you think it is? >> but not for the republican party and trump is about what is good for trump.

all said and done he gets another reality show out of this. soening that's what is foremost and what is good for me and my brand. but stewart, the problem here is that univision is like the fox news of spanish language television in this country. millions and millions of viewers and this man jorge ramos is face of that network. how does it help the republican party to pick a fight with this guy obviously -- >> with trump. he wouldn't shut -- wouldn't ask the question he made a statement after statement after statement he wouldn't ask a question. obviously, and ramos has been open about him being as much of an advocate he is a journalist so we know where he's coming from. he plays his cards on the table there. what i'm saying that republican party knows that they need to win swing states with large hispanic populations. your florida, colorados, your new mexico, colorado so forth, this doesn't help with that group of people in those states.

and that is the problem at end of the day. >> now a lot of people say that trump is at this moment look like he's going to win the nomination because bush is falling away, walker falling away. ben carson is coming up pretty strong but at the moment it is trump that is making all of the run and likely to win early primaries. >> i don't, i don't see that happening. i don't think that -- >> safe from here? >> when it is i think it is a matter of when he fades not if he fades, and the people who will decide the nomination ultimately i don't think are particularly engaged right now in the contest it is summer time. when they do get involved, i think as the scrutiny of donald trump increases, i think he begins to fade in the end. >> my problem is i think the key issue in america for this election is prosperity. u how do we get back to prosperity for everybody how we do that barely immigration and throwing out of news conferences. >> although if donald trump could argue that speaking about

immigration is speaking about the economy. because he sees immigrants as damaging the u.s. economy. now i would push back by saying look at the state of texas over the fast ten years highest job growth, high fest economic growth of any state in the country. texas also has the second largest illegal immigration population in this country after california. second largest after a california. if immigrants is bad for an economy what explains texas? >> also an oil boom. >> it did. no, but leading employer in the country from fits oil boom too. >> yeah. jason one last question if i may. a lot of people say to me, we like the style of donald trump. we look what he says the way he say it is but heaven for bid should he be the president of the united states of america. i hear that a lot. >> i don't think he's going to insult has way into the oval office he thinks that's a good strategy. >> what happens if he wins

republican -- [laughter] >> i don't think there's a chance of that happening stuart. i really don't. fng interesting question. >> they lose big. a fair answer. we appreciate it. let's see now, my take is next. [announcer:] what if one stalk of broccoli could

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we did see syngenta up 1%. the idea they would consider doing this would be obviously for some tax saving purposes. that's number one. also the chemicals needed agricultural company with overlap. we are going to wait to see if there is some tie up or higher offer of some sort. monsanto is a u.s. company, syngenta is a swiss company. stuart: that is the whole point. >> we've seen it a lot. stuart: this is an inversion, where an american company goes overseas to avoid america's high corporate tax rates. if this is one of those inversions, that'll put a real fire in washington. >> the government has been stepping in. all the companies caught on to the idea.

this is the case to watch this one. that's what's going on. nicole, thank you indeed. up 286 points. near a 300-point game. "varney & company" continues after this. these two oil rigs look the same.

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stuart: more on the developing story. a reporter and cameraman shot and killed during a lightning segment this morning near roanoke virginia. ashley: we've had some -- this gunman could be a disgruntled employee of the television station. we also reported earlier a

highway chase go in on interstate 81 in virginia. we have not had any hits on that but we were told there is some sort of chase a dream i could have been suspect in police. stuart: big development there. maybe a disgruntled employee. check the big board, please. when i say holding, we've still got a 268-point game. i guess you could say that's a modest rally by recent standards. the modest rally of 300 points. what just happened? all of a sudden they found unfit become the 60 points. a lot of our viewers and myself to some degree or expect and are looking for a v. where the market goes straight down and rapidly straight back up again. what are the chances of that happening this time? >> all you got to do is look at history.

bear market take on average three, four, five months to develop. the emerging market target to go down three months ago. we started ours lightning fast this is a little different. every decline is different. you can't really take what is going to happen. the one thing i can tell you this panic is almost always the wrong decision. stuart: what is wrong with an investor who's got a long-term horizon. they want to buy something and hold it. what is wrong with that person today now going for some of these big-name stocks which are 15%, 20% below the high, holding them now for years to come. what is wrong with the investment strategy? be my first off, the hide may not have been real.

that is number one. reasonably valued companies right now, if you are a little bit skeptical, go for the dividend and high yields. verizon, pfizer, the real disconnect is the mlp, master limited partnerships. those things have been annihilated worse than oil and the dividends rise for most of these companies. so there are places where you can make four, five, 6% and write that out. but you should do i think in the long scheme of things is behind the u.s., later europe and maybe have the emerging market spirit that is a strategy safer because the u.s. looks pretty good. the rest of it, lord knows. >> i was asking why they have gone up so suddenly. it appears the fed governor has

come out and said the september rate increase to the effect that it looks unlikely. >> let's put it all in. that makes sense. none of that makes sense. that is not a perfect fit. >> are you not a buyer today? don't do it today. >> if you invested, stand. start to get men. that is my advice. the truth of the matter is people have to pick allocation so they are comfortable with it and stay with it. the motion is our enemy. after the crash of 2008, three times more money went into bonds and stocks after the annihilation. stuart: right after -- >> the last statistic i saw -- people got out. they couldn't take it anymore

and they never got back in. an amazing number of people who haven't got in. the poor people who put orders to their broke her before they open on monday. they don't understand what happened at orders that backed up and the dow dropped 1000 points. they all got killed and now they are out and half of them say i can't take this anymore. get me out. i'm not getting back in. what does work is deep-rooted in. be understanding of who you are and by all means, stay in. if you are not in, expect three, four months of this. sure into three, four months of this? so glad you're on the show today. [laughter] stuart: thank you very much. we do appreciate it. look at the big board.

a brief clip from top to 72 at 330 because the federal reserve governor has said the rate hike in september becomes less compelling. we went at 330. now we're back to a gain of 300 points, 293. the latest read from the cbo, congressional budget office, bean counters. they say the economy will only grow 2% this year. they were saying it would go up 2.9% this year. townhall editor and fox news contributor joins us now. if we are going to slow down like that, tell the real fast what is president obama's plan to deal with the slow economy? >> i can tell you because the white house hasn't told us. more taxes probably. stuart: spend more money.

take it off this group and spend it. that is the plan. >> one of the interesting things about the numbers you see on "the wall street journal" did an overall analysis and why we are not seeing growth. you'll notice the federal government has been taking my tax money than they ever have in the history of the country and we still are growing at the rate we need to and receive a country take take on even more debt. it seems like the obama administration is okay with the job rather than being able to increase staff if they are an employer or climb the ladder. it's okay for people to be stagnant so long as they're employed which we think is not the right way to go and grow the economy. stuart: at a stalemate. i don't think it's going to get a whole bunch of new government name. the republicans will not get wholesale tax rates for individuals and corporations.

there's no way around this. we are deadlocked with the economic plan as it is. no change. >> it's important to point out this is how it's been the past seven years. americans talk to them in the real world outside the d.c. bubble. they don't feel it is gone out of the recession therein. the numbers show we are out, the people who have employees are a lot small businesses or jobs don't think anything has changed in the numbers prove it. the question now is going into 2016 and the republican race from how republicans take the data it and say we haven't grown and translated on an individual level and say these are the reasons you can expand your business or get the next rung on the ladder and this is what we'll do to change that. until then, the president doesn't seem like a change the status quo.

stuart: i'm not going to say a slogan that they have been in capsule to return to prosperity. trump is making the running with the slogan, make america great again. where are the republicans with let's get started rarities. >> marco rubio has done a good job of talking to voters in the sense he tells his own personal story and he didn't have to work as a result of their hard work in the show's expansion and growth in individual families that people can relate to. marco rubio talked about that. ted cruz talks about how taking away a lot of the regulation will help people grow in their individual lives. republicans have the problem of talking about this grandiose fashion. $20 trillion in debt. you have to get it down to an individual level.

also things people can relate to and tell them how it will affect them. >> katie, are you better off now than you were four years ago? >> that does work. that's a great question. stuart: great having you on the show. let's get to the site to report. big oil stocks moving higher today. not by much, but a little bit. exxon, chevron, the vpn shall on the upside. we just received the latest inventory report and there was a drive down to 5 million barrels. that means demand for oil was pretty strong. shot down means less oil said the supply is weaker. maybe the price goes up so big oil stocks may rally as well. chevron, bp, conoco, all michelle on the downside.

crazy swings this week in tech stocks and they still have a lot of gadgets in the pipe line. who, which companies best positioned. listen to this. >> they built planes to fly for days at a time to provide access to parts of the world where it's more difficult. you look at them having more users by virtue of them building out the infrastructure.

>> iron nicole petallides litter box business brief. the dow industrial of 270 points. these arrows are welcome. nearly 1800 points. we have some breaking news following month the anti-and syngenta. it wasn't good enough. the stock has been halted. we do have the leaders. merck, apple, home depot but the industrial average. we are watching the apparel company, abercrombie and fitch. second-quarter profits up 11%. transocean under pressure, down about 2.7%. just got the report it will open in two minutes. starbright now 5:00 a.m.

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stuart: now we're up 250 points. a fed governor said watch out, probably the rate increase next month probably won't happen. up goes the market at that point. then he said the down trend in inflation is like to be temporary. down comes the market.

same as where we were. so to buy or not to buy tech stocks. editor-in-chief and important guide his name is michael gorman says facebook may be a good place because there's a lot of good stuff in the pipeline that will come out later. listen to this. >> a big ruckus or artificial intelligence which will make better recommendations for people. also virtual reality, facebook and you are looking at the oculus consumer next year. they are building planes to fly for days at a time to provide internet access to parts of the world. >> you heard him on this program yesterday. coming in now, shayna cleanser is here. expert on the tech area. not tech stocks, but the tech area. he said facebook is the place,

the company with the best pipeline of future products. do you agree with that? >> i think facebook is working on a lot of impressive innovation. i'm not sure i would 100% of grade with the most exciting of the market. facebook does have interesting intelligence working on the breaking news feed to start users into their sites that do not go to twitter to find out what's breaking in the world and oculus, the leader of an acquisition will come into play in a big way in a year or two ahead. >> it is exciting for sure. you suggested maybe somebody else at the better pipeline. >> i know it is often bad, but apple and a lot of innovation around self driving cars has been a lot in the markets

recently and with their innovation and the smart watch in the iphone in different ways people engage devices, engagement with devices will continue to increase in the years ahead. netflix is really on to some while with their expanded programming. they recently tapped youtube stars to create their own original programming to get the teen market and kid market more engaged with netflix and that's a really good move. >> you don't like facebook? >> i think facebook is great. i'm not sure i put all of my eggs in the facebook package. between great innovative oculus meadows and continued improvement, they are on the same thing. >> i'm more concerned about the risk. put it like that. i don't know about the apple

cart. i want to do that. >> save me from sea sickness. >> getting to watch a really great game of course i'd feed forgetting to engage or event learning in a classroom by feeling like you're in the classroom, lot of applications will make the oculus a really big and important technology in the years ahead. stuart: time is that. thank you very much. the midwest refinery opens back up in indiana and you can expect cheap gas even more now because the refineries back up and running. in a moment, we will take you there. >> when prices plunged 2 cents overnight, they were finally back online put more downward pressure in the midwest.

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stuart: breaking this hour, monsanto drop in its bid for syngenta. starting temporarily halted on the news. shares now poised for the worst drop ever.

already moving down by $11. geoff brock at the bp refinery which just reopen in indiana. hopefully good news at the pump is a whole. >> we sure hope so. the biggest refinery that operates anywhere. i have three charts for you real quick. take a look at the potential reprieve for chicago gas. we took it on the chin worse than anybody. we went from 288-gallon to 340 hoping to head down right now. gasoline futures all over our lower. on the east coast lower as well hoping that brings the national average. lastly, i leave you with the midwest versus the national gas prices. yellow line is the midwest, blue line is the national. we really took a ride here. we are on the way down only hope that gets even better. helps the economy going forward. ashley: very good year jeff

flock, thank you very much. the bp refinery finally back open. hopefully that means lower gas prices. more ashley, our three coming up on the way.

's leader arrives on a state visit, scott walker wants the visit canceled. china attacks as insidersspace and persecute christians. the governor's right on all counts. very wrong in calling for a cancellation of the visit. the governor tries to out from from. he has seen his popularity slide in iowa where the early caucus takes place, he sees from on the rise. so he takes a leap out of from's book and takes aim at china. a to score political points.

that may feel good but the diplomatic bombshell. a huge lead in the face for beijing. do we want to drop a bomb like that when the world is going through severe financial turmoil on financial fire. and the gain, we send a message but a slap in the face is hardly the message we want to send at times like this. what is needed here is tough talk behind closed doors. president obama should laydown the law in private. governor walker would be better off pounding the table for prosperity at home. tell us how he would grow the economy so we are better off. out froming trump is a dangerous distraction.

>> now we are up 229 points, a moderation of the gains so to speak but we are holding with a couple hundred points on the upside. all 30 of the dow stocks are still in the green meaning they are still moving hire. there are some winners on the s&p 500 now. amazon way up, merck, google way up, netflix, expedia, all the big-name and winners today. monsanto dropping its bid, the deal no longer going through, it is up $6 and down 11. i want to get back to a developing story. reporter and cameraman shot and killed during a live tv news segment this morning in virginia, took place early today as they interviewed a local businesswoman. the latest please. me 524-year-old allison parker on the left and 27-year-old adam work on the right, shot and killed as they were covering a story for morning television in virginia near roanoke. the governor of virginia at saying within the last half-hour

police told her they are chasing the suspect and they believe an arrest is imminent but we have not had confirmation of that. they do say the victims of the shooting knew their killer. stuart: to repeat what we said earlier if you are watching that station in virginia this morning you would have seen that shooting take place live on television. just imagine being a viewer of that station. you don't expect anything, that is the moment before the shooting. can you imagine sitting at home watching the news of the day and that happens in front of you. >> the screening is hard to listen to. stuart: i want to get back to politics. scott walker says president obama, the official visit here next month. joining us is anthony scaramu i

scaramucci, you work with governor walker, raise money for him. what do you think he is doing here? trying to steal headlines? >> i want to say our prayers are with those families of the two journalist that were senselessly killed. secondly, to take it back to the campaign, it is a big jigsaw puzzle. you are focusing on one piece this morning which i understand, by governor walker would say the presidency is a symbolic job as much as anything else in terms of being won't advocate for the entire country. when you think about the presidency all of us get the opportunity to vote for the presidency. that is not true for the congress or the senate. what governor walker is saying is we need to stand up for american interests relative to china. it is the symbolic gesture by him. i think he will opt trump trump by winning this nomination. that is certainly the case.

stuart: using governor walker is trying to out trump trump? >> i don't think that. does the he is going to when the nomination. looking at the campaign financing -- trump is an entertainer, not a political executive with political executive management skills like governor walker. he will be the guy. stuart: you met face to faith with donald trump and he mentioned that in his presentation last night. this is what he had to say about the meeting with you. roll tape. >> he came up wanting to support my campaign but then i said -- he said negative things about me and comes to my office three hours later and wants to be part

of my campaign. a hedge fund guy, honestly, maybe a hedge fund guys won't like me too much. i know a lot about hedge funds and how they are taxed, better than he does. maybe the won't because they won't like me but he came up, he wants to support me, wanted to leave walker to support me. stuart: you are the guy he is talking about. is that how it happened? >> you have known me along time, you know that is not how it happened. i brought my political director over with me but i am not here to go tit-for-tat with donald trump. i have a fairly big role in governor walker's campaign but what i will tell you, the high watermark for him if the is how he handles people, the way he is describing that, he is basically missed speaking saying things that are untrue. the way he talks about hedge

fund industry uses talking points like elizabeth warren's talking points, president obama's talking points but has the 1131 real-estate industry. donald trump, that will be the high water mark in his campaign. stuart: i have got to go. you save that is the highwater moment before the trump campaign. >> he is on the way down. stuart: thanks very much, charlie gasparino is here. >> i spoke with anthony last week, we had a code that he told me, don't publicize it, donald trump called me, he read about my comments supporting walker in the press, he would like to meet with me, anthony is not a liar, he says donald wants to talk to me and i will go up there. that is what he said last week on friday.

saturday, sunday, monday, we are on maria bartiroma's show and donald makes comments about hedge fund managers and anthony criticizes those comments. fast forward two hours later anthony meets with donald, they shake hands, everything is good, anthony tells him i don't like these class warfare attacks you make, and according to anthony, i wish he whistle on the phone, the reason he is going after hedge fund managers is because they are supporting jeb bush and not him. it is less about principle according to anthony van it is about who is supporting whom. stuart: is trumpeting the fight with hedge fund managers because he thinks the hedge fund i support. ? that is why he goes after them? >> that is what anthony said he told anthony. i will say this. we should point out that it sounds kind of odd for anthony

to--trump called me instead of the other way around. doesn't make sense. stuart: you think trump is using the meeting? >> this

saying makes no sense. hi went toe to toe with rudy giuliani. rudy stood there, it was like next. this guy goes further than that. people call him a journalist, much more of an advocate for immigration. stuart: thanks very much for the input on from. we will be talking about this for a long time. we will talk about the markets because michael robinson is with us. he is the biggest bull on apple you have ever seen and he has been on this program for years saying to buy apple. apple is down 106 and change roughly. you still buying it? >> this is of well-run company with great growth.

the market overreacted to wall street's whisper earnings, still doing well in shy. a new music service a lot of things going on with apple. it is bargain price, forward earnings that i look at for a long time, you can buy apple for 40% less than you would pay for an edf on the s&p 545% less than the nasdaq 100 and one of the most important stocks in the nasdaq so you can get it at a pretty reasonable price. stuart: you said apple would be the first trillion dollar company. i am not judging, you said it which means apple would have to go to 170, 180 to, trillion dollar company. you still think it is going to get there in the reasonable foreseeable future? >> that depends what you

consider a reasonable future. stuart: it is 106 and you go to 170, within two years. >> i would take three years is more likely. not a question of if but a question of when. stuart: when you have been bullish on google, google will go up 11%, you buy into google? >> i am buying into google which i remind you of a conversation you and i had january 20th when i said google was a great buy because edf on the future was enormous cash flow, you saw that in the second quarter, stock was up 60% partly because of the new cfo really focused on the bottom line and the new reorganization is going to capture hidden value, elevated, and new ceo, this is a great time to be buying google for long-term investors looking for valuable

companies that are going to grow over it long-haul. i think you are looking five, ten years, this is a stock i will loan for the long haul. stuart: i have seen a lot of activity in dili and science, another stock that you like. are you still buying? >> i am still buying that. one of the most successful new drugs ever launched in the history of the biotech industry for hepatitis c which is the largest patient co board group in the united states, 76.5 million baby boomers are supposed to get checked for hepatitis c. giliad has a lot going on beyond that but those are blockbuster drugs. this is a company that has had trouble digit earnings gains for several quarters and are well which is an amazing track record. i really like it for the long haul. stuart: michael robinson, we hear you on all those stocks, thanks for joining us. can i put up the big board? we have a gain of almost an even

200 points. we were up 400 and change and now we are 207. donald trump, is he best position to get the republican nomination? >> sit down, you weren't called, sit down, sit down. go ahead. you don't. you haven't been called. go back to univision.

stuart: you heard the sound bite of donald trump kicking out the univision reporter at a news conference last night we eventually from invited him back in and he did get to ask some questions. >> here is what we are going to do. ready? let me tell you we are going to do it in at very humane fashion. i have a bigger heart than you do. one thing we're going to start

with immediately and gangs and the real bad ones a you do agree there are some bad ones or do you think everyone is just perfect? we have tremendous crime, we have tremendous -- i can't deal with this. those people are out, they will be out so fast you're head will spin. when they cross the border from a legal standpoint they are illegal immigrants. stuart: i call that classic trump. die from town hall is here. i keep hearing from a lot of people, nothing to stop from. >> long way to go. i am not hiding my football, i am not a supporter of his but i'd go to bat with him on this. ramos got to harangue trump and make a speech, went out of turn. a lot reporters wanted to ask questions, trump was calling on him and trump started traveling

on. i don't blame trump for what he did and they brought him back in and they had a robust exchange as only donald trump can do. stuart: if you are not a supporter of trump but still give an objective opinion, anybody out there konstantin getting the nomination? >> we don't have a single vote being cast until february and that is in iowa. as of right now if the elections were held tomorrow, pretty clear donald trump would be the nominee. he has that very large the but you know as well as anyone else the week, two weeks let alone several months is an eternity in politics and a question whether trump has the staying power, people who are entertained by him who feel good about the stuff he is doing on at this oral level will view him still over a longer period of time as a serious credible candidate for the presidency been it comes to pulling a lever for someone. stuart: i want your political

judgment on joe biden. >> interesting story from the washington post, and the vice-presidential mansion after labor day to keep testing waters about the type of money he could raise, they have been putting out the whispers around town. and to not sign on with hillary clinton there's a lot of money to be had. everyone has seen the problems hillary clinton had handling the e-mail scandal terribly so i think there is a better chance than ever the joe biden gets in. i don't think he has pulled the trigger but i think he is getting awfully close. weeks of that very intriguing meeting with a elizabeth warren he held over the weekend. stuart: do you think elizabeth warren is supporting vice president joe biden? >> i was not privy to their conversation but it says something that she has stood to

the sidelines, she hasn't run herself but has not endorsed hillary clinton either. i am sure the clinton people would love to have a list of warner's endorsement. maybe that would seal it for hillary. she is still the front runner to win the nomination but if she is flirting publicly, with someone like joe biden or someone much closer to her ideologically like bernie sanders the hillary people have to be awfully anxious about what elizabeth warren may or may not do because she commands a large following. she is very influential especially in the democratic base. stuart: it is fascinating and you loved every moment of it, don't you? so do i. thanks for joining us as always. bill clinton apparently, quote, very agitated over the white house's comments on a possible joy biden run in 2016. is there some bad blood there? >> the president's view about

joe biden's performance as the vice president of the united states should give you a sense of the president's belief in his aptitude for the top job.

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camera and then shot and killed during a tv news segment in virginia. two items will be updates. ashley: the name of the alleged gunman, 41-year-old faster we flanagan reportedly is a reporter at the same television station, went by the name of brice williams. that was his, quote, on air name. we understand he could video of himself shooting the victims literally down the barrel of the gun and posted that on twitter. stuart: that post has been taken down. ashley: within the last five minutes. you want stuart: he was literally killing the shooting. as if he is looking down the barrel of the gun. that must be a horrifying. ashley: there are the party involved in some sort of age are dispute at the station. stuart: it was clear from the

live broadcast. ashley: of woman being interviewed is in surgery, she was also shot. the woman on the right. that is the reporter on the left was shot and killed. stuart: i want to say this, if you were watching that station in virginia this morning you didn't know what was going to happen, just watching local news and suddenly it that happens right in front of you. i don't know how many thousands of people would have seen it but many thousands of people did see it. >> i worry his family was watching the cameramen, he has grown up there, you are out doing your job, a feature story, there you are on a regular morning. stuart: you mentioned this during the break, there was an attack on other news crews in a live broadcast.

>> and san francisco. it was an early july, two separate news crews were attacked, one happen to live, the camera man, similar situation without a gun, the camera man was attacked by protesters. stuart: more developments as they occur. look at the big board. still dead flat. when you look at it we are up 240 points. hard to say it is dead flat but we have been in that range for a couple of hours. we open dug 300 and wind up 400 and settled back down to a gain from to 50 to 300 points. everybody wants to know how are we going to close? if we close like yesterday, big sell-off in the last hour, that could be serious trouble for the market in the future going forward but if we maintain this gain, then maybe yesterday's close was the bottom, 15,666.

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stuart: up 225 points.

big winners on the dow stocks, namely merck, intel, verizon, apple, jpmorgan, percentage gains for all of them. we had some wild swings in the market as you know that our next guest says it is not as bad as it looks. joining us is ross gibbons. what is not as bad as it looks? the gyration or the state of the economy? >> both i would say. thanks for having me on. what people seem to forget, these pull backs are not only healthy but necessary for a strong market. we have seen 6 years of unprecedented bull market with the exception of a small blip in 2012 we have been an of flat trajectory higher and is unsustainable. the full back we have seen is essentially an overreaction from what is happening in china. it got little inflated and traders jumped on board and sold this thing off.

i don't think we are anywhere near bear market territory, we are not in a situation where we see another 2008-9. another pull back in normal market action. stuart: we should by now? a lot of viewers are long-term investors. they want to buy a big name stocks that they will buy and hold for years and years. are you saying to those viewers this is a good opportunity teach you do it right now? >> absolutely. you have warren buffett on the phone, he is on the phone buying stocks and what people forget about the stock market is the basic premise to make money, we bought a lull and sell high. in this pool back all the has been painful has created real opportunities, long-term investors, apple trading at 11 times forward earnings, gm traded six times and if you look at those big-name blue chip stocks you want to buy and hold over the long term you take

advantage of this opportunity to buy at cheaper prices. stuart: when you reassure lot of people. >> i would love to have your accent. stuart: i give lessons for a couple of thousand bucks an hour. thank you very much. in the midst of market madness the congressional budget office lowered its growth forecast for this year down to 2% instead of the previous forecast of 2.9%. steve forbes is here. that is a big cut in the growth rate. what is going on? >> they are behind the eight ball as you joy along with the federal reserve. they begin with these optimistic projections, then they wake up that their policies are not working and a scale from down.

welcome to the party. hours late. stuart: we don't have a plan to get out of the slow-growth scenario. >> the president's plan is to met up the economy with socialist remedies, regulations and the like and not do sensible things on tax code and getting rid of the growth killing health care program. stuart: the republican message of cut taxes and borrow is not getting out there. >> they don't put it out there. how many candidates in the first debate led off with the reagan like message of cutting the tax code or get rid of the tax code. rand paul has the flat tax, interesting flat tax out there, hardly mentioned. what ronald reagan did. people won't know it. if you i did they won't see it. stuart: donald trump raises his voice and shout everybody down and steals the thunder. he does it every time. >> what you do, what you do is

you go back and state your case. everyone of them had a chance to state their case. what you will see in the next debate in september is a lot of the realize they don't break out and not be just wallpaper. they are going to be in trouble so you will see more vigorous interaction in the next debate. stuart: listen to is this. republican hopeful, presidential hopeful scott walker is now calling on president obama to cancel next month's official state visit by china's president. i spoke with scott walker fund-raiser about it, listen to what he had to say. >> we -- governor walker would say the presidency is this symbolic job as much as anything else in terms of being the lone advocate if you will for the entire country. when you think about the presidency all of us get the opportunity to vote for the presidency and the senate. what governor walker is saying

is we have to stand up for american interests relative to china. stuart: he is backpedaling a little bit. staying with it. what do you think? cancel the visit? >> scott walker trying to break out, trump on july and no, you set your own agenda, you don't respond to other people's agenda. it is good if you had a vigorous president to meet with the head of china and say what the problems are creating those islands in the pacific, stealing our intellectual property, hacking our computers. stuart: we have any leverage? >> of course we do. stuart: they own $1 trillion of our debt. >> that is good. if we ever got the confrontation we call them up and say those bonds make great wallpaper. stuart: who is playing hardball? we got that leverage.

anything else? >> trade relations. intricate trade relations, financial relations, start putting forces over very instead of a few people in australia which is not going to impress anybody, have a vigorous presence. one thing that worries china's neighbors is we are taking the powder out of that part of the world for the first time in a hundred years, that as people scared. stuart: does it worry you when you see what is going on in china? the market really way down? what is happening to us because of that? >> they don't know what to do. they don't understand supply side economics. why doesn't china doc hong kong's tax code and does the economy? why go to war against online banking services that can provide service to the small companies that provide the bigger chinese economy? instead they are crushing them. they are doing the wrong things. you do that we have a problem. stuart: thanks for joining us, thank you.

hillary clinton tweeting about that tv crew being killed in the va. she says this. heartbroken and a angry. we must act to stop gun violence and we cannot wait any longer. ashley: praying for the victims' families. stuart: a gun-control statement. ashley: very quickly. stuart: politicizing what happened. >> i have to say i have been following this on twitter and facebook and both companies have suspended everything related, the account, within three minutes of him live tweeting that sickening videos twitter suspended everything. they have gotten better about getting this stuff off the internet but to your point it is out for everyone to see it is disturbing and both have acted swiftly and i have to commend them for that. stuart: his facebook page is still open. >> they have taken it down. stuart: i will interrupt this to get to the markets. we have a little movement in the

last few minutes. we were up 220, now we are up 162 so that rally is pulling back a little, rallied from "the opening bell" up 400 points at one point, 169, a lot of people nervous. liz claman is live on the floor of the stock exchange. we are going to take you there in just a moment. look the same. can you tell what makes them so different? did you hear that sound? of course you didn't. you're not using ge software like the rig on the right. it's listening and learning how to prevent equipment failures, predict maintenance needs, and avoid problems before they happen. you don't even need a cerebral cortex to understand which is better. now, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized. tsummer event is here. now get the unmistakable thrill and the incredible rush of the mercedes-benz you've always wanted.

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nicole: the dow jones industrial average off of its earlier highs of the day, gaining 434 points. right now up 196 points at 50,851. technology is the area that leads once again. dow component apple up 2%, zero 5.88. microsoft, google, intel, and hewlett-packard, up arrows, google, 3-1/2%, hewlett-packard up 2%, the s&p and the pressure, energy needs, copper now seems, commodity names, the china story as well, you can see these names to the downside, trans ocean cut its dividends, retailers, abercrombie, winners, you are seeing aerospatiale down 7.5%, and we want to start every day on fox business at 5:00 a.m.. you total your brand new car. nobody's hurt,but there will still be pain.

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stuart: a little gyration, up 160 end up 220, but 193 higher. from the stock exchange "countdown to the closing bell" with liz claman. this is going to get people very nervous because we have up 400 points, shade ended down.

everyone is worried about the last hour of trading. >> the trader i have been grabbing, if the rally was holding right now. started appeared 28 points. it is up 21 points. and the federal reserve bank of new york, pounding a dovish call, and march downward will still be up, don't want to understand the rally, we know how quickly things change here. stuart: we lost some myths steam, it is up 167. and the hour of trading.

in the fox business network from the stock exchange. >> it turns out 259, a sense of all but close quarters, it is whether we see a. cabarrus close here, it has been very bearish. they are on the books to sell billions of dollars selling at that point. the big program trade seems to wash over the retail investor, td ameritrade investor or charles schwab investor with shares of international paper, that is why you got to watch fox business a you don't get trampled. stuart: you got to watch fox business, but we will be watching. thanks for joining us. also with us right now, trish regan has a show at 2:00 this

afternoon, "the intelligence report". >> that is the name of it. stuart: this rally, i won't say -- >> pretty incredible what we saw happen yesterday. it has been a wild ride. i have a piece in usa today about this, volatility is back and we will see this happen for september 17th which is next time the fed will tell us what they're going to do. you get did the out there from the fomc saying we may not have a rate hike in september. i would make the point that you got to do it and you got to do it, mark won't like it. let me ask you this. if you were about -- i am asking if you were about to buy a house or say you were a ceo thinking about building a new factory and hiring more people to go to work in the new factory, would you have any reason to do it now if

you knew you could borrow the money as cheaply tomorrow or six months from now? no. i think the comments are confusing and that is part of the volatility this morning. sid the answer is no. no incentive to do anything now. that is because you have the promise of lower rates for the foreseeable future. all i would say is you need more more normal balance put into this economy, the threat of higher rates. if dudley had said we think we might do this in september the threat of that might start to stimulate fundamentals. stuart: i don't think our viewers i thinking about what dudley said about the fed. they are getting nervous whether or not apple is 106 and was it a good bye. they are nervous. trish: is nervous, it is understandable that they are and they need to be. this is a market that got too

fussy. stuart: hold on a second. 666 was the close yesterday. is that the bottom? trish: no. five don't think so. stuart: really nervous. we are down 209 points. we are up 603 points. don't miss trish regan, "the intelligence report" on the fox business network. we teased it earlier, bill clinton a angry at the white house. find out why. could it be this? >> the president's view about vice president joe biden's performance as the vice president of the united states should give you a sense of the president's belief in his aptitude for the top job.

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stuart: we have more developments in that story, reporter and camera man shot and killed in a live news segment in virginia this morning. and is a live shot of the scene. ashley: the shooter has been identified as bastard be flanagan. he has shot himself, killing

those two reporters. stuart: we have been in a generation up and down, 200 points is where we are now. and there is this. talk of a joe biden presidential run upsetting the clinton. cheryl: a telling piece of information in a long political report about joe biden and where he is politically, financially. it was in the article. it says bill clinton himself according to people who have spoken with the former president he is, quote, agitated by the possibility of a joe biden candidacy incensed by the press hype about a possible bid of the joe biden presidency. bill clinton and barack obama have had a contentious relationship, it has never been smooth. the question has always been is

obama going to support joe biden or hillary? bill clinton agitated, increase and trying to -- with barack obama. and still grieving for his side meetings. and a horrific event to go through for anybody. stuart: thank you very much, more varney after this.

stuart: 6:45 eastern time near roanoke, virginia, a reporter and a camera crew out filming a story pure shooter walks up, shoot a young reporter, a female, shoot the cameraman peered both are dead. we will show you a screen grab it.

this is the moment before the actual shooting. there you have it, the reporter on the left shot dead. the gaston wife survived. she was injured. she has been in surgery. the cameraman you do not see us dead. the suspect took off. he was pursued. he has now shot himself at the station where they were all working wdbj. that is the latest on this very disturbing story. a look at the big board before we close out your peered up 197 points. we been in a fairly narrow range all day long. up 400 at one point earlier. now we are up 200 points. >> i want to see the market perform. i want to see a slow slog upward. that is conviction. that means i won't be afraid to leave stocks in my portfolio.

ashley: will see. last half hour. don't miss liz claman down on the floor. stuart: connell mcshane and four neil cavuto. >> we are covering today the report that killed two journalists on my television this morning now shooting and killing himself according to the station where this woman you are looking not was killed by the shooter. the station wdbj in virginia and tweeting says he's killed himself on i 66 that you are looking at. allison parker was interviewing a woman live on the air about a quarter to 7:00 eastern time in the crew was there appeared a photographer, the person she was interviewing a guy comes up and opens fire on her. 41-year-old deseret flanagan,