sandra: i confess, i haven't seen it. she's setting up my viewing party. "star wars" it is. another morning for the dow, looks like triple digit gains, better than expected gdp number and jobless claims. "varney & company" is next. stuart varney, it's all yours, sir. stuart: yes, it is. thanks, sandra. now what? in a half hour, your 401(k) might look better tan it did last night. it's like a horse race, you don't know the winner until the finish line. today looks good if the market opened now, we would be up 200 points. watch the race live here, it's an exciting gallop to the close. politics, this is entertainment. hillary changes her tone and offers a semi apology, why? she can here joe biden coming and the money is beginning to

shift from her to him. and the latest poll, hillary clinton is described as a liar, untrustworthy. and this, the economy, a 3.7% growth rate. "varney & company" is about to begin. ♪ >> well, looky here. a nice pointer for the opening bell. 29 minutes away, up 200 points. we've got that very solid gdp report, 3.7% annual growth rate in the second quarter. up go futures. when you get solid economic news, stock prices go up. now, there's a switch from a couple of months ago. and by the way, yesterday the dow and s&p came off the biggest percentage. and the big names rallied and now they're going to be up.

apple will move up to about 111 a share. 109. how about facebook, badly beaten down in the mini crash, if i can call it that. back to 89 today. amazon will be firmly above $500 a share, maybe 514. and netflix, is it going to get back to $90 a share? i'm sorry, not-- is it going to get well above 110? 114 at opening bell. that's the big name stocks, they're going to be up again in a few minutes' time. could be the gas plunge we have been waiting for? maybe it's underway as we're desperately opening. gas down another 2 cents overnight. would you believe, 2.53 and more to come. oh, this is near where i live. ramsey, new jersey. that's a one-- >> just for you, stuart. stuart: you knew. >> good old one handle. >> this picture came from a viewer. stuart: new jersey, by the way, one handle. new jersey is one of 19 states with stations where at least

one station is selling below $2 per gallon. okay. that's futures. that's stocks, that's gas, that's oil and look who is here, shah gialani, you last week, 20% correction for the stock markets. what do you say now? >> i say listen to this while it lasts. that downdraft was frightening. there's smoke here and i'm not sure in we've gotten past anything. enjoy is while we can. hopefully we will hold onto the games and see momentum. if not, then it's up in the air. stuart: you know what i want to see or what might happen? one huge selloff not today, but at some points. ashley: capitulation, almost. stuart: sell it out and sell, that's the day you sell, down she goes and that's the bottom. >> i'm looking for exactly that. i don't think we saw it yet. it looked like it could have been. i mean, if it had continued, but it didn't.

i think it has a chance to go back down. i think if it does, all in, buy everything. stuart: let's hope we're not taking this market down. i want to show you a guy who is buying this tech rebound. his name is jeff green, he's a billionaire. roll tape. >> i've been looking at facebook, kind of and waiting to jump in at the right moment. i jumped in, but there's lots of great companies in economy and the economy which got overly beat up and it's time to buy them. stuart: you see, shah galani, here is a guy with a billion dollars and chucking it in the market. >> and some of our positions we love, but i'm willing to add at lower prices. got to be willing to add at lower prices. stuart: come on, here is the story. are you still looking for maybe a 20% correction? >> yes. stuart: thank you very much. you'll be back. to politics, this is news, the

latest quinnipiac poll, republican side, donald trump 28%, ben carson 18%, and others at 7%. walker 6%, kasich, and mike u.k. had, governor huckabee at 3%ment to democrat side. hillary 45 a%. bernie sanders, 22%. and joe biden, who has not declared for the presidency, he still gets 18% in the poll. i'm looking at the poll and shows that trump's lead grows and hillary shrinks. ashley: trump grows. and hillary is to 45%. a stig drop, 8%. stuart: in about a one month period or less. ashley: about three weeks. stuart: three weeks' time. stuart:s this the bit you've been waiting for. three most often used words that voters in that poll shall the quinnipiac poll use today describe hillary.

read them and weep, liar, dishonest, untrustworthy. alexis levenson from the washington review joins us. welcome to the program. when donors take a look at that and those words used and her slippage in the polls, i think that donors are going to walk away from her, what say you? >> we're already seeing reports that some donors are talking seriously to joe biden or around joe biden's orbit. she clearly has a problem. those are not words you want to have describing the potential democratic nominee. it seems like donors are trying to look for an alternative now. stuart: you follow politics far more closely than i do. do you think that joe biden is going to run? because he was saying just yesterday, i think, that he's got to consider a lot of things. he's kind of beaten up in his soul at the moment and maybe he's not up for all it takes for a presidential run. >> yeah, i mean, the timing is very unfortunate for him because his son did just die

and that's a loaded emotional situation to look at running for president, but, it does sound like they're really serious machine nations going on here. it's leaked out and he's talking to people, donors are talking. people really are looking for an alternative and he seems like maybe the most feasible option. stuart: when you build up the momentum and you know that the money is beginning to flow to you. you've got a draft biden committee which is hiring staffers. when you've got that moments tum toward a run, it's difficult to cut it off and say, no, no, it's very difficult to do that. >> that's fair, the question is the money, while there are a lot of donors who seem to be seriously looking at him and looking for an alternative to hillary clinton, she has a really big head start and raised i believe over 40 million in the first quarter and there are caps and he maybe

in the position to rely on a superpac. stuart: i've go-- got 20 seconds left. if pushed would you tell me yes or no biden rupps? >> as a reporter i want the excitement, i'm going to say yes. stuart: you're honest, we appreciate that. thank you for joining us, come again soon. >> thanks. stuart: the latest read on the economy at 8:30 eastern this morning. in the second quarter this year. the economy grew at an annual rate of 3.7%. the first look at it was at 2.3% gain. that that's-- is that encouraging? >> that's encouraging, we're expecting on the economy or the market. >> certainly for the economy, but the market will take, however, if you want to be the contrarian, the markets say, that's another reason for the feds to raise rate. it depends on the market. >> sometimes good news is bad news. >> and there's more on that number. >> they did.

the business investment up to 3.2% from a drop in the previous quarter so that's a big driver of this. another encouraging sign. >> how about this? >> it's like christmas in july or august. at least one major retailer, lauren simonetti, she has it. >> where is the christmas music? cue jingle bells. launch christmas layaway tomorrow, two weeks earlier than last year, we complained about it last year. the competition is ready for amazon, the important holiday season and lowering the price for eligible layaways to $10 an item. and guess what? next week, wal-mart will start selling "star wars" merchandise. more than 500 products will be available, there's a nice tie-in. bad news for some amazon employees. they're giving out pink slips and dismissed dozens of engineers that worked in the

consumer device division that worked on failed devices like the fire smart phone. and this is the first in 11 year history. facebook is trying to make more money by testing m. a virtual assistant. and it's basically cortana. get this, real people, real human beings, that means it can do everything from making your dinner reservation to redecorating a room, to calling your cable company for you and staying on hold. stuart: now, that's useful right there. >> and that's where they're going to make money. eventually they'll bring in the business from the cable company. stuart: i've got to organize this better. we're out of time. i've got to go to commercial break and tease something. more on hillary, taking a more conciliatory tone? did she get some advice? because she definitely doesn't sound like this. >> when families are strong, america is strong. >> i did not have sexual

relations with that woman. >> i want them out as soon as they can get out. >> whether you demand it? >> well, they're not mine. >> what difference at this point does it make?

>> speaking of disappointing, hillary clinton, shall i say, changing her tone on the e-mail scandal. my use of personal e-mail was allowed by the state department. it clearly wasn't the best choice. i should have used two e-mails, one personal, one for work. and i take responsibility for that decision. and i want to be as transparent as possible, which is why i turned over 55,000 pages. why i've turned over my server. stuart: all right. this is why she may be changing her tone. look at this poll.

biden polled 18% nationally and he's not even declared that he's running. while hillary dropped to a 45% support level, that's down roughly 10 points from the national quinnipiac poll which was around three weeks ago. how about this, the words most associated with hillary clinton are liar, dishonest, untrustworthy. lanny davis is here, the former counsel to bill clinton. welcome to the program. that must be kind of a shock to anybody in the clinton camp and supporter to describe a candidate. what do you say? >> i'll say it's not shocking, it is for you, but for others on this network, for you to have such a one-sided almost "saturday night live" negative slant in your introduction. let me give you two-- e what do you answer to that, a quinnipiac poll, a nationally

respected poll. >> are you going to let me answer. you'll have plenty of time without me, are you going to let me answer. stuart: i'll let you answer, but answer the question. >> i'm in the middle of answer and you're talking over me. are you going to talk over me. stuart: i want you to know. >> are you going to talk over me for let me answer. stuart: if you answer the question, go. >> thank you. there are two facts that you omit, the gallup poll just published shows that hillary clinton has over 70% flavorables among democrats and nothing changed over the last two months. fact number two, real clear politics in the last four weeks average poll has hillary clinton defeating every republican, in fact, three. she is leading in every major primary state in iowa, she has a 30% lead and vice-president biden is in single digits. not one of those three facts did you mention in your

negative and very slanted introduction. stuart: now will you answer my question, which is how do you react to those three words being used by voters in the quinnipiac poll, liar, dishonest, untrustworthy. your reaction to that. >> my reaction to the three words, the national poll of republicans that are hateful to hillary clinton, i'm not surprised there are certain people in the country who use those sorts of words and that hillary clinton has been pounded the last several months and that those words are going to arise in anecdotal ways. you haven't given me percentages how many people use those words so i don't take what you've described as serious date that. stuart: i tell you in the same poll, the number of people expressing those very negative words and opinions about hillary clinton was far higher than the number of people describing trump, for example, as arrogant.

>> so i gave you the number within the democratic party that's going to nominate the next president, the first female president, over 70% favorable towards hillary. now, do you have a response to that fact that you omitted in your reporting on this show. stuart: yes, i find it surprising that vice-president biden, who has not even declared, still gets almost one in five voters in the quinnipiac poll, i find it surprising. >> i'm not surprised that you find it a surprise that vice-president biden is a great man with 100% i.d., has 18% in third place behind bernie sanders and you depict that as a positive fact because your entire presentation is a negative slant in one direction which surprises me for stuart varney. it wouldn't surprise me in the other shows, but for you of all people surprises me. stuart: i find it surprising that vice-president biden has that level of support. >> the vice-president. united states running in third

place. i hope he runs, making hillary's nomination more valuable, but you slant 18%, third place, and name i.d., vice-president. as a positive. it sound like a saturday night satire of journalism. >> well, thank you. >> i'm surprised at you stuart and the way you've become, i don't know what's happened to you, but that's now where you are. stuart: that's a nice insult. but do come again, lanny, it was a pleasure through and through. i think the viewers will love it. lanny davis, everyone, he'll be back. back in a moment with more of this.

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my shorts and hoping it goes higher. stuart: you're calling for a 20% correction. >> i'm looking for that, waiting for it so i can go short again. stuart: this guy. moments from the opening bell, it looks like a continuation of the rally, at least in the early going. you can watch it live. watch your money at work live on this program. two minutes away.

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note building up at 9:20 eastern time. we are looking at according to those futures 200 points up to the upside. ashley webster is here, so is cheryl casone, shah gilani and todd horowitz who joins us from chicago. opening bell is about to ring, you get a shot on the upside, the left-hand side of the screen, people clapping hands jeering, and hear the bell ringing. most people are pretty excited about "the opening bell" these days because you never know what will happen. we have been way up, when a gallon. today it looks like we're going to go way about. we know it is because the futures market is a good pointer to what is going to happening belly is thursday morning, one minute and -- i have to vamped

here, got to vamp here, the futures of gone up right after we got that news at 8:30 this morning that the gdp, the economy was expanding at an annual rate of 3.7% in the second quarter. that is a huge improvement over the first estimate which was the mir 2.3% growth. when that news was released those futures went up so for the first time, not exactly for the first time, things have changed. good economic news is good for the market. i am not quite sure why that is suddenly the case with anyone want to give me a ten second entered? >> we need a reason to go, gdp good, small amount of data. stuart: they are clapping and cheering. futures are still showing 220

points, futures are rising as we get closer to "the opening bell". 10 seconds to go. a pretty good tap dance, you did very well, eight seconds. five seconds, here we go. gee bell is running. it is almost 9:30 and i'm looking at that to start trading now all, away we go, we are up 23 points con la 49 points, now we are up, 66 points. 93 points. we have a rally. is it going to hold until the closing bell? >> i hope so. should. stuart: you said it would go down 20%. >> not today. stuart: 129 points higher. the big-name stocks are moving. we followed these every single

day. look at this. get rid of that, we got an actable trading price. netflix i believe is at $114 a share and we have apple moving up this morning a couple bucks, 111, we have facebook also moving up, now at the d line, up $1.86, google didn't have such a downside move, it certainly comes springing back $10 higher, at $6.69, amazon has been a huge move, 2.5%. cheryl: nasdaq positive for the year. a lot of technology name is good for the nasdaq. of the nasdaq is the home of technology, it is positive for the year rather than while be negative, up $12 on amazon. show me tesla up $6, 3%, they have a very good review, tesla-s model in consumer reports and they love it. ashley: david 103 out of 100.

it was so good their scoring system had to be re-evaluated because it surpassed everything. stuart: that is good for three dollars a share. do you like any of the names we went through? >> i have to let ms. i don't. you try to get in now is too late. the market is the lazy. as we go higher imagine how high we can go. as you get into momentum now is don't know how much you higher -- you miss your opportunity, right now i am not sure. cheryl: can't find them today. wheat could turn the market. stuart: bring in love voice of chicago, taught horowitz. have we missed the vote on big

names? >> i don't believe in true gdp growth. we got a shot yesterday from china. i am a seller of this market. we have a chance to float slower today before it is over so i am not a buyer of any of those. apple could come down to 105 again. stuart: all right. in your camp. he is saying he is the seller. >> the market has hired to go, it won't turned around, if it turns around today that is -- we have a good place to go higher. stuart: back on monday a lot of small investors, individual investors were locked out during the worst of the sell-off which was the early part of the trading session. tell me what happened. ashley: means street investors use trading platforms like scott parade, could not get in as the market, we watched it dive 1,000 points in five minutes, for whatever reason there was a series of technical glitches,

computers spinning out erroneous stock prices, during that period the small-time investors could get access to the market, not sure why. cheryl: can i add something? many small investors don't -- exchange traded funds, very popular with small investors, $2.1 trillion loss made -- being looked at by the fcc, they are monitoring it. the eta funds that were hurt. stuart: next case, we are up 211 points. got to watch this carefully because if we start to come down that means a lot of people selling these stocks, nice balance, making -- taking profits, at dow and nasdaq are positive for the week. can you believe that? that big sell-off monday morning, 9:35 eastern, down

1,000 points, wiped away, now we are 187, 16-4 is where we are. i want to print in nicole from the stock exchange. tiffany is down. i want to know why. nicole: using any gifts from tiffany is a good one but it is all about the strong u.s. dollar. the tourists can come here to buy tiffany's jewelry or whatever. translated into their own currency makes it hard. they saw sales tipping down, 15% and abroad as well, more expensive so big picture tiffany's down. stuart: out the corner of my eye williams sonoma is down as well. that is not our dollar casualty, down big too. nicole: they are not your thing but they complain about the chain of supply, the westport was closed for a while, could get supplies in so they miss the

numbers and not attend a lot of competition from restoration hardware. williams sonoma owns pottery barn. stuart: what did use a was my thing? nicole: expensive spatulas. is that your thing? stuart: we will let you off. nicole: everybody needs a spatula. how much the want to spend on it? stuart: we used to have not joke about $40 that joy lucks the nicole: i know that is not your thing. stuart: $40 is not my thing. tune in every weekday at 5:00 in the morning. loren, center and nicole will appear bright and early at the end. big board, let me show you facebook, 88 now climbing back again. came back from a low of 72, now is 88. facebook has its own version of

series. >> a lot of people offer a live chat over the internet as a way to connect with facebook consumers, with users of facebook and another reason facebook is trying to make their sight more popular because they have been hit by different concerns. nobody wants to hang out with their grandmother on facebook. make it more user friendly. stuart: the grandfather. resetting the market, seven minutes into the trading session we have a 200 point rally. news this morning that the economy expanded at an annual rate of 3.7%. investors like that today and we are 2 and the points at 16-4, seven minutes into the trading session. all 30 of the dow industrial stocks, 30 of them up, all of them in the green. don't know why you are smiling.

he predicted a 20% drop. >> routing for this market to go higher. stuart: do we have the price of oil? right at $40 a barrel. are you there still? haven't talked to you for awhile, $40 on oil. are we springing back above 40 now? >> you are getting a little bounce to it. when you beat something into oblivion it has to bounce up and you are seeing a balance. you are going to get your wish, we will be under $2 by christmas, merry christmas, we will have under $2 gasoline by that time. stuart: energy companies, energy stocks are in the lead in this rally, the s&p 500, and the dow itself plenty -- neg stocks in the dow, we are up to 14 points. any comments from shah gilani disease >> no. go market. stuart: you are not saying that.

i am hopeful. >> i can join it out there. >> you are not getting all time highs, step up a little sooner. waiting until you have a great beard. stuart: the great bear of "varney and company"? is that where you are? >> talking about shah gilani, not you. stuart: all right, 218 points higher for the dow jones industrial average. are we dealing with an issue? we got anything going? gdp? >> is marvelous. there is a bit of a negative in there, inventory build is a little worrisome, takes away from the next quarter and we might slip back down. ashley: if we believe it is a good number. >> i don't believe the number. i don't believe the number. ashley doesn't. i think it is more suspect. i would venture to say we will

have a downgrade of something, the numbers don't add up. the logic behind it doesn't add up. there hasn't been that great growth. don't know how all of a sudden we dug out of the ground 3-.7 but we will see. i assume it will be adjusted at a later date and we will readjust quarter 2 as well. i don't see it. stuart: i would give you a brief news item on walmart. they will stop selling the atr 15 and semi-automatic rifles. what is behind that? ashley: walmart says it is because demand and sales for these are week so they decided not to sell from any more but skeptics say walmart is caving in to pressure from those groups so they shouldn't be selling these weapons. stuart: walmart also launching christmas layaway tomorrow, that is two weeks earlier than the launch of flail away last year. ashley: they are in trouble. cheryl: they have a bad holiday,

sales have been weak, walmart is nervous. you try to grabbed people with layaway now and give cheap offers and lock him in. they have to get their act together. stuart: anything to do with competing with online sales? cheryl: of course it is. take your pick. stuart: explain it. >> they are doing this, going to go to toe with amazon. amazon starting two weeks early, they are starting two weeks early, this is on line. cheryl: is a bigger story than that. if you look at their numbers. stuart: nobody knows it but look at that chart. the blue line is amazon stock. the other one is walmart obviously not doing well. got to do something. cheryl: i think off of walmart and amazon. stuart: we are up even more, up 245 points. the big guy who is calling for a sell-off is smiling.

i can't believe that. energy stocks are right out of your screen because we have oil back at $40 a barrel. up 3%. chevron, 2%, 2.5%. they have been beaten down something rotten, not a surprise they come back a little bit. would you put some money into oil? you are not a traitor and a long-term guy, put your money in and hold it for a few years. your the oil stocks are reasonable. >> i am desperate to get into oil and energy stocks but i am waiting to see the price of oil firm up. some oil and gas companies have dividend cuts, some have fabulous dividends. i don't want to get a dividend cut and not get slammed because of that. >> are you waiting for zero? are you waiting for oil to go to zero? halliburton at 12, 32,000?

at some point you got to step up. stuart: he is right. if you are long-term investor you don't care about x for-1 you want to get in because it is like a dividend. >> i, bargain hunter. i like buying low and selling high. cheryl: they have refining operations and drilling operations. these levels are very good for these names. stuart: give her the buzzer. cheryl: oil co. accidental. the sticker. ashley: one thing we haven't talked about is china. we haven't been to china once. stuart: what about china? >> stepped in and bought a slew of stocks and pumped of the market up to 5% which was losing at the time. stuart: we sent you to greece, you want to go to beijing? what is the weather like?

energy stocks are rallying. the dow is up 228 points, we are back to 16,500. now look at apple. this is the stock everybody talks about, the ultimate high-tech company, best in the world, most profitable in the world at $111 a share. do you think that is too high jump in? >> i bought lower. apple continues to go strong yen adds to my position. i love apple. i want to know who bought it. cheryl: to reiterate the nasdaq is positive, the dow ideas in the are not, 17,823 as the number to look for today we might get it. we might get a 70,823 if we have a strong day today. with wild swings, that is a good thing. ashley: what you talking about? cheryl: it is pretty close to 2014, looking for that numbered

today. to break even for the year. ashley: close to 1,000 points. >> what is it with the buzzer? stuart: got that. can we go to facebook please? there is a stock that i think dropped out 72 was the low i think and now it is 89. before the selloff i saw 99, 98, it can we show amazon please? i have got that. look at that? 4%. you miss it. you missed it. you missed it. can we show google please? is google available? netflix, and will take it, 5%, $5, you missed it, you missed it. how about google? 670 up 1.5%. that is an ice bounce. not for roaring come back we

have seen elsewhere but that is not about -- did you miss that when? >> stock has held up very well, long-term hold, buying the lower. stuart: i am cutting you off because merck is here. you are aware, what is your position? does this rally hold? are we going higher from here or has the selling got to come back and watch as all-out? >> selling doesn't have to come that. the market can make its move back to new highs and what you want to look at the catalyst for that is going to be the fed. when the fed normalizes and raises interest rates you will see the financials leave this mark a lot higher and tech will follow. on the heels of that we had strong economic numbers this morning stronger than expected. that move oil prices higher, you will see energy start to recover. a lot of energy names have a lot of upside. stuart: put facebook on the screen. you might face book. >> it is our largest holder.

bernard: when you adding to it? >> added to. i don't see a reason to buy at 90. of highs are under $100 it could get above that a lot of positive news on what facebook is doing, up to 800 million users. stuart: moving away from technology concentrating too much on that, under armor, another great performer. i know you like it. we buy more of it at 93? >> not at 93. we did more in the 80s. actually trim, use that as a trade to trim the under armor but a great long-term story. stuart: when you do own it. starbucks, there's another non tech company. you like it? >> love starbucks, i own it, love it, love the product and of the management. howard schultz has done a great job with the company, seems to

be pulling the right levers, great growth story in starbucks and notched an expensive company, traded below 50 from high 50s and we bought more stock. stuart: how many years has it been since someone on this program recommended a bank stock? eric cantor remember it. ashley: what are those? stuart: this man mike murphy likes bank of america. >> love bank of america, jpmorgan, citibank, rates go higher, that is the best way to do anything, but getting like banc of america trading, we talk about the market being in a bubble, the market being expensive, not chasing names, bank of america trading 20% pullback, 30% discount from its actual book value. lot of upside. stuart: wait a minute, why can't you be more like mike? our viewers are cheering this guy on and doing you. >> i agree with mike murphy, buying lower was a move. i am looking to do that myself. stuart: more from mike murphy, ford motor co. you like it.

>> throughout this whole process of economic slowdown or the economy getting its footing we have seen sales that are phenomenal so ford has pulled back from an $18 level down to 13. yielding over 4% dividend. the f 150, their biggest product, tends to move in line with housing starts as more contractors are at work, more f 150s are sold, we like housing, we think you'll see a pickup in housing later this year and that will be a good move for ford. stuart: if i by ford today at $17 a share i get a 4% dividend. >> better than 4%. stuart: that is not bad. cheryl: a new 150 is selling for $15,000 and orders are flying. >> what a lot of people are doing is instead of using it as their business card a using it as their hybrid home and business car, putting bells and whistles on it so it sounds

great. stuart: 29 minutes into the show he has had half the air time. apple, show me apple. i am going to see apple because i know mike murphy likes it. are you buying 111? >> i would buy it at 111. we were buying the one 07-zero wait. if you are looking, the chinese market is going to crash and our market is going to crash. and trading at ten times earnings $100 billion in cash with a huge moat around it that the ceo told us business is good in china, tough target that is a bubble. stuart: $103 billion in cash. >> they have bought massive amounts of cash. what happened with apple under 100? someone was buying of stock in

side. they have a huge stock repurchase program. they told us there is weakness in stock they will step in and buy and when you have that type of protection -- stuart: no pull back so far. energy stocks are leading this rally. that is because the price of oil is at $40 a barrel, show the latest on oil, we are at 40, maybe a little higher. of the energy stocks first, exxon, chevron, bp, conoco phillips in percentage terms, you know when it is a big move when you quote percentages. $40.18 a barrel, todd horowitz, you still think this thing is going down to 32, or 35? >> i think oil is probably found a bottom but the market probably has more downside to go. i am a buyer of oil stocks, but i am not thrilled, i like the

rally but may have more work on the downside. i would not be surprised, i am a buyer of oil stocks and halliburton and other names, i have been buying the mall along so oil will go higher so you get your wish as the price of gas comes down. stuart: feels little horse race, 22 minutes into the show. we are 2 points up for the dow industrials, $40 for oil, energy stocks, big-name stocks, tech stocks, it is exciting. you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels.

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stuart: reset the market looking at a gain of 174 points the look of the price of oil, $40 a barrel, and i believe it is on track for one of the best gains of the year 4-1/4%, energy stocks nicely higher today. among them exxon, chevron, conoco phillips on the upside. the big tech stocks rebounding nicely. facebook, netflix, google, amazon, all of them up very nicely. coming up, hold on a second, what have i got here? amazon.

arby going to deal with that? cheryl: i want to bring that story to you. stuart: bad pr for amazon. cheryl: another female employee has nugget job publicly against amazon saying she was discriminated against. select 8 maternity six months after she returned digress with cancer, the company put her on performance review and then she quit, she is suing and being very public about it. the new york times in a horrific expose on amazon say was an ultra competitive environment and people were being discouraged from -- it was another pr problem. stuart: you should get the buzzer for the expression horrific expos of amazon. cheryl: you just want to buzz me today for some reason. stuart: there you go, record 5 buzzes in half an hour. coming up in the next half-hour, 2,000 retired generals and admirals and a letter to congress urging them to vote against the president's nuclear deal with the military speaking on that one on this program

moments from now. getting more conservative, we will tell you how history is being rewritten in america's classrooms. "varney and company" two minutes away.

stuart: more opposition to president obama's nuclear deal with their brand. 2000 generals and admirals send a letter to congress telling them to vote out i'm what they see as a bad deal. a big splash at the presidential debate on fox. up in the polls did cnn says she's not in either two their upcoming to rate debate paper tacked to carly fiorina's manager. a victory for conservatives in the classroom. the college boys change in american history books. no more bashing america and capitalism. "varney & company," our two, starts now. ♪

just coming to a sense of right now, mortgage rates, freddie mac, the 30 year fixed-rate loan. that is down. look at the big board. a brief appearance. welcome, lives. >> only my mom calls me elizabeth. look at that. about 154 points. we were up to 20. are we getting nervous? elizabeth klayman. the price of oil above $30 a barrel on track for one of the biggest one-day gains in the price and a long time. now let's get the energy stocks up obviously because oil is up at 30 bucks at exxon, chevron, bp is a big.

i've got some good news if you're going out on the road this weekend. the price of gas is down another 2 cents overnight. 253 is your national average. in 19 states you can find at least one station selling gas for two bucks a gallon. delta in ramsey, new jersey. right around the corner. $1.89 but you've got to pay cash. i'll be there this afternoon. nearly 200 retired generals and admirals sent a letter to congress urging lawmakers to reject the iran nuclear deal. here is the quote from the letter. purveyors of radical islam throughout the region and throughout the world and we are going to enable them to get nuclear weapons. why would we do that? joining us now steve bucci from

the heritage foundation. that is a lot of retired military guys putting a lot of pressure on. is it going to work? >> hopefully will have some effect. the ship may have already failed. we think both houses will vote against the deal. not sure we have enough to override the veto of the president promised people deliver. stuart: apart from that, this is a done deal. the sanctions are coming off making the deals are the british have opened an embassy in tehran. it is over, isn't it? >> hopefully not over. it's not a very good situation. the president did against them really hate political jujitsu on the republican congress, giving them the appearance of some participation, not having any effect. the president doesn't seem to understand we have three branches of government in this country and he doesn't seem to

much care that he ignores two of them. trying to bias the military coming out in such strong mass opposition to this? >> mostly because those of us in the military have seen the results of iran's results of a ransom the ship around the world. we realized they are not people you can trust. they killed our soldiers, marines by giving highly at vince armour penetrating ieds to radical in iraq or fighting there. these guys are enemies. they are not our friends. stuart: business unusual for so many retired admirals and generals to come out in pose the commander-in-chief, the president of the united states president of the united states. you don't see that very often. >> no, you don't. this letter with 190 plus names is in response to an earlier one

of 35 senior officers and admirals who sent out a letter in favor of the agreement i think they wanted to make sure the public understood the vast majority of senior military leaders and their judgment is a bad deal, not a good one. stuart: last one, what about current literary readers? they pretty much have to toe the line with the commander-in-chief. they can't step out of line. do you know how they feel? >> there's a lot of nervousness from the folks i talked to. the senior people are not going to say anything. they serve at the pleasure of the president and he is the commander-in-chief while you're inactive duty. there's a lot of nervousness that there is blowback was blowback particularly at the terrorists and the things once iran gets 150 billion to fully fund the cubs force commando around the world. a lot of nervousness.

>> thank you for joining us on short notice. we appreciate that. to the big board. thursday morning up 147 points now a 35 minute into the trading session. a nice big tech stock we follow on a regular basis. netflix, amazon, google, apple up nicely. a nice bounce back all the way around. another big name that will be go pro. it is certainly very well known. michael pinto in general are you a buyer of stocks this morning? i seem to remember you were not. i seem to remember you are out of this market. you've been out for a while. so are you coming back in yet? >> i came on the show a couple to go. maybe somebody over there can give me a little bit of credit. >> you came on this program.

>> thank you. i appreciate it. the stock market is calling the feds bust. if you look at the value of stocks, they are the second highest valuation. they get the replacement cost and valuations as a percentage of gdp. they've never been higher outside the year 2000. around the world there is a growth anywhere. japan is going into a triple dip with european growth having a 1% handle despite the inventory build this morning, u.s. gdp is 2%. the highly accurate atlanta fed has 1.4%. revenue growth is negative. earnings growth is negative on the s&p 500. the one hope we have a

seven-year bull market will last forever. to have a year 0%.. that is why you have such a trend should market correction. i don't think it's over. when i go back to the office and selling more. >> that's a good understanding of where you come from. you have not back in peer whatever you've got your going to sell a lot of it now. >> i am shorting market. the small position gold stocks. i'm starting to buy russian chairs because i don't think prices go to zero. i'm also sure bonds because the chinese government has huge currency reserves, selling those to support treasury. i'm actually sure along and did the u.s. bond market. stuart: thank you for joining

us. you will be back. thank you for being with us. we've seen some pretty big swings over the past week here today is no exception. once again you need to look at the last hour of trading. when you do that, you've got to watch elizabeth m. lehman. >> my mother only calls me that when she's angry. stuart: last hour of trading is a must-see. you can watch it again today. we go down in the last hour. >> the federal reserve mouthing off to peter bart is right there at the big party. now the attention turns to the essay about interest rates. the stock on the run right now last hour yesterday i know you saw huge musclebound steroid on those of 618 points. look at that picture.

but the nasdaq jumped 191 points, huge percentage. who's to say it has been a very choppy market to say the least. stuart: we will follow you. you are going down to the floor. >> the second of a faceted bed jumped to a car and ran down to the nyse. i start grabbing traders and each time they say wait until 3:15, 3:30 and 3:45 eastern. stuart: i guarantee we will lodge. to politics, the latest quinnipiac poll. the tide is turning against hillary. this is a slightly separate part but absolutely interesting. which words voters used to describe hillary. look at the top three.

we've got my graphic wrong way around. these are the three words which voters most often used to describe hillary clinton. unpublished. the word that comes to mind in order. liar, dishonest, untrustworthy. i find that astonishing. there is a shifted money as well away from hillary moving more towards joe biden. it seems she has got a problem in that poll shows it. >> with the fund-raising issue, with her half spite and jumpy man, there's still money to be raised. the big super pac could take money away from those who've jumped on hillary's bandwagon to say they are open to a big reason coming in with how much

money can be raised. >> joe biden not even in the race. in the same quinnipiac poll he favors better than hillary not ship against republican candidates. her favorability rating is under water now. 51% find her unfavorable. >> move on the pearly fee arena. she made headlines on fox news. why isn't cnn that in her participate? the campaign manager will come up on this program after the break. watch this. >> the potential of the nation and to many americans crushed by the weight, power, cost, complexity, corruption of the federal government. behold, these are two wind turbines.

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stuart: back above almost any 200-point game for the dow jones industrial average. all 30 of the dow stocks are in

the green. the price of oil is back to $40 per barrel. a 4% gain there. nearly 5%. look at tiffany. i will call this a casualty of the strong u.s. dollar. a problem with rising prices for their product overseas because of the dollar down half of a percent at tiffany's on the downside today. cnn's reasoning carlie fiorina out of the debate next month. they are not using the most recent polls which show a surge after the fox debate this month. joining us now, carlie fiorina's manager sarah florez. good to have you with us. >> digs for having me. stuart: can you explain why carlie fiorina will not be in the debate? >> cnn wanted to take polls going back to july 16th which by itself seems odd and makes a lot of sense.

what makes it more frustrating than concerning his there were nine polls in the three weeks before the debate failed accounting to polls in the three weeks since the debate. they are putting their thumb on the scale. stuart: i used to work at cnn. i was there 20 years. >> i think this is the status quo, trying to protect their power, press niche and they want the same people as before and they set up a system that will do that. >> she could shine because she's really shone through in the fox debate. she is the denied an opportunity to do the same thing in the cnn debate. is there anything you can do about it? >> that is why what voters do not like she will not be on the debate stage. this isn't because your message isn't resonating. the cnn and they aren't we don't want on the stage.

>> when you make the claim that is biased against women? >> i don't and this is a gender ratio. this is a political establishment versus a political outsider. stuart: will you make the claim they are biased against his former a former business executive as opposed to a politician? >> they are biased against anyone who will question the status quo which carlie will do. stuart: i want to play a beef clip about investing. >> i think that people are starting on whether or not the market is the only place. remember the markets have been all-time record highs in large part because it was the only place you could put our money and return a return. that is what he happened to 0% interest rates as long as we've had them.

stuart: we are not used to candidates who speak openly and have some knowledge of business. that is rather refreshing. >> i certainly think so. what is great is her experience in the business sector and national security when she was chairman of the advisory board allow her to answer voters questions. it is what we see time and again. she actually answers every question. >> i think that was 15, 16 years ago i was working at cnn and carlie fiorina had been appointed ceo of the fortune 500 company. she was the first to occupy the position. i did a live interview and said do you object that everyone point that for the first woman in this position. she said yes i do a check because i'm good at what i do. stay the same thing now. she would object to being portrayed as just a woman. she is a woman in the republican

field and that's why she stands out. she would have the same answer today as she did 15 years ago. >> that is true. her experience makes her different. her position as an outsider makes her different. she looks a little different, too. stuart: would you entertain the vice presidency? >> no, she is running for the top job. she can win the job and do a great job. stuart: that sounds like a total rejection. it was a pleasure having you on. i hope we can get you into the cnn debate. thank you. the obamacare taxes generous employers. we have come to this. my take on that is next. >> it's affordable. there is a reason.

affordable, affordable, affordable.

stuart: shree burbach dirham will cut spending on his business and investors love it. the stock is up 15%. best performing in the s&p. no one else flocking to donald trump. could the same young voters who put president obama in office send donald to the white house? the question. big changes coming to history text books. "the wall street journal" says that as a win for conservatives. we are about to get a dose of redistribution. we will find out what is spreading the wealth really looks like.

it is not pretty and the democrats responsible for it will not be around to do. it is a big tax on generosity. if your employer is generous of health care, obamacare will stick it to them. the employers have with a 40% tax on benefit packages worth more than 10,200 a year. this is a huge penalty on generosity. obamacare sister getting too too much, pay up. we would give it to the less fortunate. do you think this will hit just the rich? think again. one quarter of employers will have to pay. that means you pay more, get lax or take it from this group and give it to that group. how dare you be generous. president obama, senator harry reid and nancy pelosi. where will they be when the taxpayers? gone from the scene. who would've thought we would

come to an employer to attract top talent and get punished. you can do that. some people would get more than others. it's not fair. i find that pathetic. government ordered redistribution is ugly. it doesn't work and it doesn't raise the poor and punishing generosity is just plain wrong. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive?

>> we're back, at the 200 point rally mark, up well, okay. now is 196 we'll take it. but 164 is where we are. price of oil is back above $30 per barrel. 30.47 almost 5% higher. looks like gas plunge is now forecasting looks like it is underway. gas down another 2 cent overnight at $2.53 look at this we keep showing it to you near where i live. this is delta station in ramzi, new jersey. as they say the handler on it that means 1.89 for gas.

19 states with stations that sell gas below $2. >> in california. >> know -- not hawaii or alaska. [laughter] to politics. donald trump gaining the millennial vote. that is what we hear. what is it about him that will attract the young? gabby is with us, gabby. tell me what is it that youngsters like yourself find attractive in donald trump? >> well first of all, his political -- business experience his expertise, with candor and a honesty appear to millennials. i think that at the same time it is rather premature to be saying that donald trump or any other candidate for that matter could be able to secure the millennial vote at this point. there's a lot of hesitation about donald trump regardless of how appealing his business expertise is and he's going to have to convince millennials that a trump presidency would expand number of job opportunities available for young adult and would bring in

the cost of higher education that are astronomical right now. >> just thought that millennials were very sensitive you know sensitive in all kiengdz of groups of people you have to use the right language and trump is anything but sensitive so -- kind of laughing here. but i can hardly find it unusual that this is result of some poll isn't it that millennials are now more in favor of trump than they are of the left. i find that unusual. >> look stuart there's this narrative that is pushed about about millennials easily offended by everything and everyone. but at the same time millennials are sick and tired of the culture of political correctness that they're seeing on college campuses and that we're seeing in the media u now that is something that trump what is repeatedly tapped tapped into. ic it is one of the stronger ponts in appealing to that youth vote. j i think trump should go to a college campus, and see how he fares. i'm sure the left -- i can't speak on the college campus.

they won't have me they wouldn't let me in the door. you can't do that kind of thing but trump would bang on the door and say his piece. you should invite him. >> i think that colleges truly benefit from inviting him to campus. i agree on that. we saw him in iowa walk off from campaign appearance with 1984 classic we're not going to take it blasting through auditorium just to imagine that happening on a college campus i think would benefit not only trump's campaign but bring a lot of energy to the youth vote to millennials in particular. >> all right now this univision anchor jorge ramos on megyn kelly' shows talk talking abouts exchange with trump. >> i wanted to ask a question. immigration plan is full of mpty promises but impossible tods what he's saying that he's going to do. he didn't like the question. i've been a journalist for 30 years and never been e jeblghted

from my press conference anywhere in the world. those are things that you see in dictatorship not in the united states, so america -- >> gabby what do you make of that? >> jorge began a question with a statement. he said you can not deport 11 million immigrants to someone who is a young journalist that isn't a question or asking a question. that is him making a statement as an activist. and i do think that trump had every right to throw him out of his press conference as we did see later on he was invited once that calmed down and hons and open in answer answering his question. >> if you listen to the exchange after ramos was coming -- came back into the room it was a reasonable exchange, reasonable exchange and points of view. there's nothing wrong with that at all. how do millennials look at that exchange? >> another example of trump's boldness, his brashness and his ability to just radiate confidence.

he doesn't have is an issue with -- telling a reporter who he may not agree with or who was asking him or trying to make an activist remark during a press conference to get out. and he hasn't had a problem going after other candidates, criticizing political establishment candidates and i think that that's something that is resonating not just with americans but millennials in general. >> ten seconds it were a vote today would you vote for trump? >> i am not endorsing any candidate at this moment trying to remain open-minded. [laughter] >> okay. thanks very much for being with us you can come again any time. >> pleasure. >> sure. i want to get to obamacare, we warned you about this. the real reason xeangs are cutting health insurance for their workers more than one out of four companies have employee insurance plans that will get hit and hit hard by new taxes under obamacare. i spoke about this just moments ago on my take. elizabeth mcdonald has more. >> this is if you like your plan you can keep your plan but we're

going to tax you for it. seeing another survey out of large employers, 424 large employers. you know according to to this survey half are going to have their plans taxed. >> hold on a second kaiser foundation found that a quarter of all companies would pay this cat lack tax, now you've got a survey of 425 big companies. >> a national business group on health that includeses cvs and boeing they're saying nearly half see it. these plans are also meant to attract workers whose spouses may have chronic illness. labor unions unions are upset at properly raise premium, deductible or enact wellness plans and things like that in place of this. by the way it only raises $5 billion in tax revenue by 2018. >> it is a whopping great tax if your benefit package is $10.02 but above 10,200 value you pay a

40% tax on every dollar over $10,200. >> you can see it can run into the millions. >> millions of people pay. i think they'll repeal it frankly. you? >> treating the plan like -- it has treating them like alcohol or tobacco it is an exide tax. >> well said. bring the booze into this. [laughter] >> you're going to need it. >> you know it is that time. 10:36 eastern time. we have the sector report, shearl. you're going to give the sector report i promise not to buzz you. >> okay, good because looking at energy again which i got buzzed on earlier. here's what we looked at big names they're trading higher, you have exxonmobil, chevron. slumber, conoco phillips what's this? stand by everybody, oh look oxy is the ticker that is parole otherwise ticker they're out of l.a. biggest energy company. i can't believe you didn't know who that was. that is one of the names that i was looking at today with oil going at where we're 40 and change right now.

a lot of interest in these guys. so take your pick check out oxy, though, just saying. >> you couldn't believe i didn't know what oxy was. i know what oxy is. petroleum i know that. >> used to buzz me anyway. >> but you use the word like insider. oh oxy. just leak that. [laughter] >> i can't believe that is on his condition -- >> a big win for conservativism in the classroom. what? dan is going to tell us about it, after this. stay there.

>> i'm nicole petallides dow jones industrial average tacking on to yesterday more than 600 point gain and holding on to a 206 point game right now. up 1.2%. the s&p an the nasdaq all without barriers up 1.5% each. leading the dow jones industrial average actually seeing energy doing well today as oil gains over $2.40. and chevron and exxon among best performers. unitessed ht and microsoft also leaders now we have earnings winners to show you here. smuckers better than expected profit. burlington coat factory and stores better result. both are win ergs up 12%. smuckers up 6%. dollar general under pressure and that is down almost 3%. 3.5%. start your day 5 a.m., sandra

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>> there's a company called pvh they make calvin klein and tommy hilfiger clothing better sales upbeat forecast. up she goes 6% 118 for pvh.

last hour, oh, i got into a big fight with former counsel president to hillary clinton, and e-mail polls. the fight, listen to it. >> i'm not surprised that you find it a surprise your entire presentation is a negative threat -- >> i found it interesting. surprises me nor stuart varney surprise me and the other shows -- >> find is interesting. but the fact that you of all people threat an 18% and eight years as vice president as a positive, sounds like a "saturday night live" satire of bias journalism. >> thank you very much lanny it was a pleasure to have you on the program. >> i'm surprised at you stuart and the way that you've become i guess i don't know what's happened to you. but that is now where you are. ferlings that was a nice insult but come again lanny it was a pleasure through and through. >> my pleasure. big response to social media

response on that of some what have you're saying why would a deeing if id man such as yourself give face time on your show to lanny davis and hillary lap dog that strong. mike says lanny carries more water than an aquafina truck. g-man tweets this varney & company what does it say about lanny davis character and ethics and morals to defend clinton how about he has none. oh -- we have biased responses. >> those were only responses that we got. you pecked the best of the bunch. >> a lot of fun. a lot of fun. why not? because as long as you keep smiling. [laughter] now this. we're going to call this one a big win for conservatives in the classroom. new guidelines for text books what's this all a about? wall street journal dan has the story. he wrote about it today and column in "the wall street journal." explain.

reporter: this is college board that runs placement xament for high school students, and this particular exam was the one that they created tbliens for study of u.s. hirings. and they put out revised guidelines last year which really got a lot of people upset because they were basically written by contemporary history teachers who were obsessed with identity pleks. class, race, gender, and so they would emphasize the fact that when the europeans came to the united states basically or america when they did was bring disease, and for the american indians, so people said wait a minute, time out this is a completely -- unbalanced view of american history. oh incidentally founding fathers never appeared anywhere in the guidelines. >> in american history text bock they never -- they were guidelines for the advance placement exams at high school students take. >> that's the old -- old way of doing it. old view of america's bad.

then what happened? >> then what happened is any number of state legislatures got involved. georgia, texas, alabama, i believe, nebraska, georgia, and they all said if the ap is going in that direction then maybe we don't need an advanced placement exam in our state. we'll create our own system. conservative scholars signed a petition objecting to the revised guidelines last year. i myself wrote a column about them called bye-bye history. so -- the college board said we're listening, we have heard the critics and they told me in a conversation we promise that when the new ones come out in late july, early august they will be more balanced. guess what, they came out and they are more balanced. >> wow that's a victory. i wouldn't expect that kind of -- >> amazing extraordinary.

>> entrenched powers powers are entrenched on lefts to take a very negative view of america. and to have that revised to a neutral view of america just teach history that's a real turnaround, i'm shocked. some of the sort of interest and subjects of the left progressives want to emphasize like, you know, the roll of labor. roll of union. those are still in the guidelines. but at least the other side is in there too. sounds like a normal college preparatory set of guidelines. and it was really quite remarkable. i think conservatives should take a lot of -- a lot of credit for having to achieve this. >> go back to the states which originate objected to original guidelines. georgia you mentioned if nebraska you mentioned others. >> colorado. >> were they threatening in saying if you don't change this, you're not going to get the money, and the college board people reacted to that. empleg yeah i think that college board saw this lucrative

nationwide franchise that they have. i mean, ap exams given same place in all of the states college board draws a lot of revenue from that, and i think they saw that this was put at reask if didn't respond. but whatever reason, the fact that the people got together in the state, pushed back -- and got something changed for once. i think conservatives should be happy about what happened here. >> might happen again in other areas? do you think this is a start of something new? empleght threetion you wouldn't go that far. not that far but it does show that there's a political -- i have to say if this were the obama education department before the federal government, they probably say get lost. right? what do we care what you think. we're the ones that control the money. in this case involving a private organization or nonprofit anyway. that it was in charge of an ap exam that nonetheless becomes the established official narrative of the way high school students understand american history.

ing and it was about to become basically an a exercise and identity mr. speakers. that is no longer the case. >> founding fathers like ben franklin finally? >> yeah. franklin jefferson, washington, they are back. even federalist papers got pitched out of the memory hole and put back. [inaudible] [laughter] what is going on with this? >> thank heavens for small victories. >> thank them. thank you very much sir. appreciate it. check the big board look at this. i think this is the hype of the day. now at 165 gain of 232 points. >> energy sector all 40 energy stocks in the s&p 500 are moving higher rallying right now. >> that's because price of oil put it on the screen 4086 biggs one day of the year i think. >> two bucks. 2.49, an stocks ash pointed out exxon, chevron, the nutshell all a up big time. i can't remember which one it

was. i think it was -- the petroleum 100% -- >> not sure. not sure if he's up there by this -- 5, 6%. bouncing back very initially facebook netflix amazon, google apple all of them on upside that's a bounce back. >> especially on netflix too. very good. gas is cheap. i love these headlines gas is cheap. so ford brings become a classic marvel pickup truck. jeff flock is going to have one for fuss going to show it to you maybe even they'll let him drive one later in the show. next hour hillary losing appeal with the democrats and money is shifting. we're on that one. fox news special report host bret baier he's coming up at 11:00 this morning. this program. s mobile, it is you.

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jeff flock is test driving. he's behind the wheel. jeff. [laughter] >> well i'm gone not for me long gone ashley. this is actually my ford ranger it is a 2003 version. and i love it. i think it is great. i don't know why they stop making it in the first place. here's the headline on this. ford has not confirmed it yet, but they say they don't say, but apparently out of uaw talks they're considering bringing it back. tacoma and nissan makes has been doing great in material of sales. gm chevy colorado in that, tay tacoma they're come looping with these sales. yukdz have a 2011. we have one on carmax for i think it is what is it -- 21,998 not what i paid for this 2003 -- this cost me about $5 a grand

what i love is this idea about a stripped down version pull up a little bit. maybe you can see it here. the windows, no windows this is how i roll. >> i love that. this is how i roll literally. >> if your electrics go out on cars you can't get the windows down. unlock cars, old school goes a long way. stuart varney has a old window wind up. fantastic stuff. going to say that but leave it to you. jeff flock thanks so much. first we have a jam-packed two hours of varney now in the books here are the highlights more varney just two minutes away. don't go away. >> i think the big question is the money while there are a lot of donors who think to look at him for an alternative to hillary clinton she has a really big head start. she raised i believe $47 million in the first quarter. and donation caps into what individuals can give to an individual candidate.

and so he may be in the position o of relying on path. >> earnings growth is negative on the subpoena s&p 500 so one with hope that question of that the seven-year bull market in bonds is gawk to last forever. we have a 7-year zero percent bubble and that is why you have such a trench market correction. >> i'm a buyer of oil but not thrilled here. i like to rile lited today but may have more work on the downside. if it went to 37 i wouldn't be surprised but i'm a oiler of server stock and rig, i'm buyers from other names down there at low leals i've been buying them all along. i don't use super poligrip for hold, because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well fitting dentures let in food particles. just a few dabs of super poligrip free

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stuart: money is very important politics. you got to hand it to compete and the need a lot of it to win

and if you follow the money you have a pretty good indication who has a shot and who doesn't. the news is being made on the democrats's side, political theater. the money is shifting before your eyes. the washington post headline today, democratic donors may be ready to back joe biden. the tectonic plates of politics are shifting. the money is beginning to move. more trouble for her campaign, hillary clinton, the more the money moves away and look at this today. a quinnipiac poll asked which words best described her? answer? liar, dishonest and untrustworthy. donors with the money will not like that. bernie sanders needs big money too. the post says he is about to make a pitch to the democrat establishment. really? what does it tell you about america today when a socialist asks for campaign money from the rich. follow that many frail.

it will speak volumes about the establishment if he gets any at all. the money trail tells the campaign story. the redound, the money stocks falling, joe biden looking up, the money begins to move. i don't gamble especially on politics but if i did my money would be on a joe biden run. socialist bernie sanders, if he gets money from the democratic establishment, trump. >> rally is holding. this is the high of the day. 16557. assaulted gdp number, the s&p 500, despite the sell-off earlier. and $41.23 on pays for its best

one day gain in two four months, nearly 7%. this is the leading sector across the market. para in percentage terms. technology stocks, they are also seeing big moves to the upside. facebook, amazon, google, green arrows that everywhere. very well viewed in consumer reports, tesla, go pro, disney, ge, autos zone, more on the markets, what you're looking at is a rally, the dow is up $2.86. politics, the latest quinnipiac poll shows hillary 45%, sanders 22%, joe biden has not declared for the presidency 18%. look at the money. it may flow to bernie sanders, certainly to joe biden, two

separate reports of big donors possibly moving away from hillary. special report's bret baier julius us. i said on top of the hour you follow the money you know where things are impacting and is this the beginning of a shift of money away from hillary towards joe biden? >> you are correct. there are 770 big money bunglers for the obama team back in 2008-2012, 770 of them, only 52 of them have so far signed on with hillary clinton to be hillary blazers i think they are called. that points to this giant shift and we are hearing and seeing anecdotal evidence in washington that that is already happening, that joe biden talking about getting in this race shifted not only some of hillary clinton's donors currently but all the rest of the 770 anxious to put their money on somebody else and

joe biden it looks like might be it. stuart: i saw a headline in the washington post saying bernie sanders was going to make a pitch to the democratic establishment for resources and money from them. do you think he is going to get it? >> he will make a pitch. he still believe it or not his prominence and excitement on the trail is still a bit of a long shot in the democratic primary structure. it comes down to the african-american vote. so far bernie sanders has not captured that. really the threat to hillary clinton is that group. if joe biden gets in, there will be this shift of allegiance and the clintons will lose some of that prominence in the african-american community of joe biden is one of the contenders. stuart: maybe that is why i think there has been a change in hillary's tone. i will roll a brief sound bite from yesterday. i think the town changed, she

issued a semi apology. listen to this for a second. i know you have seen it before. met our viewers see it and pass judgment. roll tape. >> might use of personal e-mail was allowed by the state department. it clearly wasn't the best choice. i should have used two e-mails, one personal, one for work and i take responsibility for that decision and i want to be as transparent as possible which is why i turned over 55,000 pages and my server. stuart: is seeking different advice the key >> the substance of it has not changed but the tone has changed. much more contrite, not laughing it off, like she said to ed

henry last week, this is a big issue. there is word that there will be another big story about the e-mail possibly this week. the e-mails i should say and the investigation and don't forget the fbi is looking into this. the benghazi committee has this appearance they are going to have in october. this is a big big problem for her which is one reason she is out on the trail stopping vacations short. stuart: absolutely fascinating to watch what is going on, 16, 17 months from an election and this is going on. we follow it through you on special report at 6:00 eastern time. thank you. next item the reporter who was thrown out of the donald trump press conference this week, appearing on fox news's to kelly file last night. roll that tape. >> i have been a journalist for 30 years and never been ejected from any press conference anywhere in the world.

those are ready things you see in dictatorships, not in the united states. it is very important that he answer the question he hasn't answered the question. stuart: what do you make of that performance? >> i watched the interview with megyn kelly and he was interrupting her as much as he was interrupting donald trump. in a statement, wasn't a question and also was telling megyn kelly, he had been asking for an interview but i huge bitter battle because of the beauty pageant with the trump organization, he is suing univision. he knew what he was getting into. stuart: dow is up 304 points. ashley: he wanted to get thrown out, good for publicity, he calls itself a journalist and is respected but he is grandstanding, makes statements which journalists when normally wouldn't, but he has a point of view he is trying to get across in the form of a question. she is not asking a question but making a statement. stuart: he disrupted the press conference before he was thrown

out. ashley: he didn't wait his turn. "cavuto coast to coast" when he made statement after statement after statement, then he was thrown out, comes back and then has a substantial exchange with donald from. ashley: we are talking about him and that is what he wants. stuart: let's get to the market, we have action. the dow was up 309 points, 16,595, we have had a long way since yesterday, 1,000 point move since yesterday. since the close on tuesday to where we are now is 1,000 points roughly. cheryl: we are essentially looking today and tomorrow the dow could go back into positive territory for the year. you have been talking about fat, i would like to see it go positive for the year, that gives as potentially a good fall set up. september and october. stuart: set up for what? cheryl: another rally. stuart: we don't get the buzzer

for that. the rest of the hour is okay. jeff green spoke on "risk and reward" last night. >> i saw it was down and jumped in, in the economy, not just overly be up and it was time to get an adviser. bernard: when jeff green has been buying the lot uying the l facebook including. we are up since tuesday, you bought into it. >> yes i have. when we look at the market we look at the fundamentals and short-term. we saw short-term damage but the fundamentals as we saw this morning of very strong. stuart: we keep asking the same question. what is wrong with the individual long-term investor

buying into this market this week when prices have been depressed, buying something that they like and holding it for years and years? is there something wrong with that? >> there is nothing wrong with that. in fact if you have a stomach to write off the volatility events like the past couple days can provide enormous opportunities to pick things up cheaply and to really help your long-term returns. stuart: the people watching this program are not day traders. they may be individual investors. they don't buy something at 10:00 in the morning and selling at 10:30. our viewers don't do that. they buy something that 10:00 in the morning and think this is damien 4% dividend and might get a nice gain out of it. i you dealing with the same kind of people? >> ideally we are. the appropriate thing for the individual investor is to do what you are talking about, go in with money taken ride out the downturn and invest the long term. the problem you have is with

retirement investors who are drawing down their investments. they have a different situation but for most people what you are saying is absolutely right. stuart: what is your advice to the retirement investors who are indeed trying dodrawing down so their portfolio? >> they need to take care with rawls and not be exposed to losing money in downturns with that in the asset allocation, focus on dividends but the great thing about the past couple days is this is a great chance to assess your risk and see how comfortable you are. stuart: we always appreciate you coming on the show. you speak in bytes, television slang for use begin nice little short sentences that everybody understands and you leave it. that is good stuff. you can come back any day you like. we will never buzz you. time is up, see you later. cheryl: he doesn't get the

buzzer but i do. stuart: you want to be on television you speak in bytes. that is how you do with. cheryl: have we not met? stuart: gas under $2 a gallon in 19 states. let me rephrase. you can buy gas at one station in 19 states and payne $2 for it. so right there, in ramsey, new jersey, one of my favorites, $1.97, $1.89 you pay cash like i do. on every single occasion. also coming up drones equipped with tasers. watch out. now approved for police use. we will tell you where in a moment. can a business have a mind? a subconscious.

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stuart: check the big board, check oil first, $41.36 is where the action is, 7% gain for the price of crude oil as of right now. that is the best percentage gain

this year. dow industrial average up 273 points on track for its biggest lead today point dean ever. on track. ashley: 905 points. stuart: if we finish like that, 2 point gain. ashley: if we stay above 272 that would be a record 2 day gain. "cavuto coast to coast" when you're getting all technical. ashley: charlie brady put this note out. stuart: next we will have charts on the screen. this is my favorite news item of the day, the price of gasoline, $0.02 a gallon. the plunge is upon us. look who is with us comment adam shapiro at my delta gas station in ramsey, new jersey. give me the price at the delta station. >> the price right now is $1.89 a gallon, regular unleaded. $1.97 if you pay with credit. that gas guzzling minivan you

can fill up a lot cheaper but the better news, that price is probably going to fall even more. nationwide the average expected to fall by the end of the year to $2.50 a gallon. year-ago the average was $3 a gallon. right now the average nationwide is $2.53 a gallon, a year ago was $3.43 a gallon. where does this stand for the consumer for people like you? 60 to $80 billion back in your pocket in savings from gasoline according to callahan company and consumers will use that money in places like target and they expect to see retail stocks go up because of that, an additional $1.8 billion to $2 billion at retail outlets. stuart: if you look at the gas stations around the one where you are with extraordinarily low price they are nowhere near $1.89, they are much higher in the surrounding area. adam: two things are going on, we have video of a man celebrating as you can see, the guests and their $2 a gallon,

new jersey summerville lowest taxes in the country when it comes to gas though when you go -- not uncommon for new yorkers to go over the george washington bridge, to go back. one of the reasons gas in new jersey is cheap, that guy was thrilled. this might be you on the commute home. stuart: that was good stuff, we will see you again shortly. the good news keeps on flowing. news on the economy, second quarter, early part of this year, second quarter, economy expanding at 3.7% annualized rate of growth, 3.7%, the initial estimate was 2.3%, moody's economists, top guy in the business, right here, big smile, you like it.

will you pour cold water on at 3.7% -- >> work for a company called moody's. stuart: what is wrong with 3.7% growth. >> a couple problems. one reason growth exceeded expectations was because of a bigger than expected buildup of inventories, this could continue in -- you look for oil smaller addition, and trade deficit is going to widen once again in the third quarter and when that happens growth slows so we are looking at third quarter growth probably around 2%. stuart: i know you are not a market watcher. i understand that but when we get the news of 3.7% growth rate stocks a window. >> and they should. stuart: the nearest i remember the good news on the economy is good news for stocks. >> if you go back historically if you want to have a bear market in stocks, 2008-2009, the

economy, that won't happen, according to this report, even if real gdp slows the second half of this year it won't slow enough to bring us close to recession. stuart: i have to ask about the federal reserve. i hate discussing it, are they going to raise rates or not? when will they raise rates? i hate that nonsense. when are they going to raise rates? >> by the end of the year. of this economy can't shoulder a 25 basis point increase by the federal funds rate it is a real sick puppy. stuart: 3.7% growth rate for the economy and rising interest rates at the end of the year is not bad for the market. >> i don't think it is. i think the market can shoulders this. we got a report on profits with gdp report still growing and as long as we get profits growth with federal funds rate of less than 1% there is no reason why we should have a bear market in equity. stuart: i think it is extremely good news the we have what i am

going to call a plunge in gas prices. is a good news? >> good for holiday shopping. it will provide reduced recession risk and that tells us the equity market is not going to fall off a cliff. stuart: don't know if you look at foreign economies but i will ask the question when you have oil at $40 a barrel, the prospects in russia, nigeria, venezuela. >> oil prices are low and middle prices are very low too, because of the fact the we have too much production capacity globally compared to worldwide demand so that is putting downward pressure on industrial commodity prices. we are getting a stronger dollar exchange rate because of fast growth in the united states, putting this together there is still that danger that the u.s. economy might end up importing price deflation from the rest of the world and that keeps the fed on edge. stuart: deflation, falling

prices is not good news live >> stuart: but the import price index on oil is still down 2.6% from a year ago. could that affect wages or wage growth? possibly. stuart: you have a lot of energy for and economists. you guys are always on the one hand and on the other hand that you go right at it. i want to come back on this program? >> oh sure. stuart: you didn't get buzz once. if you use -- if you said you eat 3 -- >> use a trap door. stuart: you are the chief economist at moody's. >> chief financial market economist. stuart: is there a difference? >> it depends. stuart: you can come back any day you like. thank you. drones with tasers, even teargas approve for police use. we will tell you where you will find it if you are not careful.

the answer in a moment.

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this is a great place to work. not because they have yoga meetings and a juice bar. because they're getting comcast business internet. comcast business offers convenient installation appointments that work around your schedule. and it takes- done. - about an hour. get reliable internet that's up to five times faster than dsl from the phone company. call 800-501-6000 to switch today. perks are nice. but the best thing you can give your business is comcast business. comcast business. built for business. stuart: this is happening almost now, an event we are following, donald trump holding a rally in greenville, south carolina. he is expected to start speaking

at 12:00 noon eastern time, 1400 people are expected to watch and hear him. he may answer some questions. that would be interesting is now all this. police in north dakota authorized to use drones armed with tasers, teargas, rubber bullets and other nonlethal weapons. the drones you're seeing a generic drone video, these are not a tear-gas drones. what is going on? cheryl: the law and intended consequences, a republican lawmaker put legislation so police could not use things like pepper spray, tasers, they could not use drones for surveillance at all. lawmakers got a hold of it, lobbied to have it switched around, now police and have these drones that have these, a pepper spray mounted tasers, and other less some lethal weapons on drones. stuart: north dakota. i can see how drones would be useful because it is very big

agricultural, big oil industry going. ashley: very few people, use the tear-gas. stuart: in a time we are criticizing the police for being overly militarized we could year gas and taser is on a drone. cheryl: pepper spray, burst your eardrums. stuart: the whole thing -- do you object? cheryl: i don't like thrones. i think they will be the biggest menace to society over the next decade. we are handing them out like can be to kids frankly and someone is going to get hurt, lose fingers, altercations happening with police getting involved, arrests being made over drones, there's a lot of danger. to you want a drone flying while you're sitting there having a diet coke and next thing you know your neighbor has a drone bouncing over you. ashley: got a shotgun handy. cheryl: somebody has already shot a drone, the neighbor sued

them. stuart: you can't ban family cheryl: they are being used as toys. stuart: you can't ban them. what do you do? show id if you want to buy a drone. i you going to do that? cheryl: it is the least of what i would do. wait till the lawsuit start, wait till somebody dies, just wait. i don't want to predict this but i am. stuart: cheryl casone is asking for a ban. ashley: she is asking for regulations on drones. background checks. stuart: never met a regulation you didn't like. you don't have to live in north dakota if you don't want to. cheryl: your viewers know me better than that. stuart: check the big board, we're and not those 300 points we were, we're 267, 16-5 is where we are, that is 900 points above the closing level on

tuesday afternoon. vice president joe biden gaining in the latest polls. nelson democrat money could be shifting away from hillary and going towards 2016 joe biden run. looks like trouble for the clintons. >> i did not have sexual relations with that woman. >> i want them out as soon as they can get out. >> will you demand it? >> they are not mine. what difference at this point does it make?

stuart: we're 255, solid rally. oil spiking 7% on track for the biggest one day gain in seven months, we are at $41.18 right now. they are moving higher, chesapeake is among them. the index is up the most in four years. struggling retailers and real-estate company, surging on plans for more cutbacks. it is a democratic money shift, hillary's donors are lining up,

if the money shifts so does her political support. >> you got to be clear, big-time wall street democrat, was posted to d and c event. a fund-raiser for joe biden, as it has been misinterpreted. he told me that. is joe biden running? a lot of big money guys have no idea. i still think, a simple country reporter based on people i speak with chances of joe biden running, you have to say he is not running right now and chances are he won't run unless she totally implodes. that is -- if she does people like a jim will raise money for

joe biden no doubt. stuart: do we have the full screen available to quote from joe biden about searching his soul? do we have that? i would love to read that off the screen. he said publicly i am pretty beaten up right now and if you want me to run for the presidency i have to commit 100%, i have to be in there with my heart and soul and he is not quite there yet. that was interesting. >> july taken at his word? yes. is his calculus based on hillary clinton implosion? of course. that is what he is saying. you have to show she is about to get indicted or civil recharged all along what happened to general david petraeus in terms of his use or misuse of confidential top-secret e-mails, something like that, i don't know if she could run if she could deal with prosecutors. stuart: we had bret baier on the show 20 minutes ago saying 570 big-time democrat donors, only

50 of them have committed to hillary clinton. >> she could raise a lot of money. remember one thing about the clintons. i love covering this stuff like a horse race. they played a long game. look what is happening with the republicans, donald trump beating of a field. she is eating that up everyday of week. stuart: we hear you, charlie gasparino, c use and. back to the latest quinnipiac poll showing the top three words with hillary clinton, top three words, they were not prompted, just one of the words you associated with hillary clinton. liar, dishonest, and trust worthy. donald trump's top word, arrogant. far more people considered clinton liar then considered

trump arrogant. camera holder, is she doing? >> she is not done. i have a question for you. what politician is not a liar? stuart: that is not true. >> they all liars. they all lie about something. stuart: i don't think so. >> and perpetual liar. they are all liarss. stuart: there's a lot of spin in politics but not that much flat out lying and the voters associate hillary clinton strongly with flat out lying. >> she is trying to make a come back. she can say i was a liar once and i am not a liar anymore. she is trying to do that. she said i understand -- i changed.

maybe she went to church. i don't know. asked for forgiveness. stuart: you got to listen to this. in our 9:00 hour i present lanny davis, former special counsel to bill clinton, presented him with that quinnipiac told on how joe biden is gaining on the polls, he did not like it, didn't like it at all. listen to this and watch this. >> i am not surprised to find a surprise. your entire presentation is a negative slant, which surprises me for stuart varney, would not surprise me on other shows. affect the you of all peoples land, 18%, third place showing with 1 and present name id in eight years as vice president as a positive sounds like a saturday night live satire of biased journalism. stuart: thank you, it was a pleasure to have you on the program. >> i am surprised the way you have become. i don't know what has happened to you, but that is where you are.

stuart: that was a nice in salt but do come again. it was a pleasure through and through. >> look what i have become. your reaction to that? >> i think he took a page out of trump's playbook, insulting your host. you are not supposed to insult the host. stuart: that is true. >> he has a point. hillary clinton is going to win this election. stuart: he has a point insulting me? >> you deserve it. we have that foxnews.com, look at the top headline on foxnews.com, that is our top story, new polls suggest joe biden a stronger candidate. the top of our web site. all the time, it accused of not being fair and balanced when we are, all the time. >> i work here so i can't attack where i work as not being fair and balanced.

however nobody likes hillary and that is the problem. the problem is nobody likes hillary. however, she doesn't lie anymore. the issue is follow the money, she has more money than joe biden and she has a lot more staff, a lot more on the ground already. the question is can he get some money, can he get the boots on the ground and can he make up for what hillary has already done? stuart: i want to milk the lanny davis interview. >> i was talking about the lanny davis interview. i felt his comments were unfair. i really did. that was out of line. >> if that was from, you are fired. stuart: i want viewer reaction. they are on my side. lanny davis, the political eagle above room maurer, stuck to the clintons looking for scraps. you don't know what a rare

moriah is it is the little fish that sticks to theemora is it is the little fish that sticks to the side of the shark. whenever i see lanny davis on tv i hit the mute button. >> people say that to me, i love fox viewers that at the same time any time a liberal is on tv we are hated and you are loved. stuart: you have note new -- you are right here with me. camera holder, thank you very much, surprise guests. facebook coming out with its own version of a personal assistant powered by artificial intelligence. also got a real human beings helping out. what else is in the tech pipeline? >> the big buckets are artificial intelligence which will help them make better recommendations for people on their news feed and other services related to getting people the content they want and

virtual reality, facebook, oculus and looking at the oculus first consumer headset coming out next year so that is the biggest single product that is going on. ♪ ♪ if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. but hurry, offers end august 31st. share your summer moments in your mercedes-benz with us.

nicole: i am nicole petallides, 254 points to the upside, tracking yesterday at 619 point gain, a gain of 1.5% pushing some stocks and averages into

the green for the week. the fear index taking a breather down 12%. leading the way all ten sectors are higher, oil up $2 and to $0.57, in which even the one spot 44%, oil at 4126. what is behind it, materials and consumer discretionary but all ten sectors are higher today. international streaming to major companies are going to be moving and streaming in japan. amazon, netflix, both winners, netflix up 5.5%, year-to-date both winners, 65% this year, netflix of 140%. after the bell, aerospatiale, game stop, started off.

stuart: donald trump holding a campaign event in south carolina, 1400 people expected, we are told he will take the stage at noon to deliver his speech and he maytag questions with the big board of 262 points. look at the price of oil, the market is moving, we're $41 a barrel and that is that 7% increase. we focused this week on the big-name tech stocks and tech companies and asked what do you have in store for us? what is in the pipeline? with me is a very important guy in thnoly, pe pahel. yothinthe ggesdeal mingownhe pe is sothincall theersol sistt.

>> psonadigil assistant. it has been around awhile. it is --siri is the most prominent example. microsoft has it, amazon has not echo. stuart: we had one on. >> i have one myself we cylindrical thing you putting your kitchen or any remains you can ask it what is the weather, what is the capital of new zealand, put something on my to do this or shopping list, using it more and more everyday. my wife and kids are learning to talk to this thing. stuart: you got -- you have one of these. >> it is in the kitchen right now but i would love it in other rims and amazon is working on that. you don't need one for every room but you can. they would love that. they opened up to developers so people can make it work with

your writing system or whatever. stuart: tell me you are putting it in the kitchen, family is around the table, what is the capital of new zealand? >> my son likes to play who let the dogs out, he is 5, requests that song over and over again. kind of semi regret the day. stuart: you are in the kitchen and or 5-year-old some says clay who let the dogs out. >> alexa. that activate the interaction and you do whatever you want but i use a ultra and, never use a kitchen timer since i got it. set a timer, the most common thing i use it for, you can tap into prime music and that is a decent library of stocks and you can play whatever you want, doesn't have the everything but they have opened it up so it

tinging to other systems. stuart: they developed it to the point where -- >> central amazon's strategy. there was a report in the journal they are dialing back on their hardware strategy. that is related to an a huge blow up last year, everyone knows it, they know it, they decided we are not in phones anymore but the eco has been such a quiet success there was never a launch of its. they quietly pushed it out and build up slow momentum for this mark cohen solution and it did it stuart: like having another human being in the room. >> catching on macready factor which a lot of people identified. privacy implications.

semi clear terms. you get better service going forward in these teens as a cure and no one can get into them unless you allow it. facebook is doing something similar with messenger. >> producers of the "varney and company" show, apple on track to be if it bit with its watch. they came out to see what you thought about this because this means the apple watch could take over. >> doing really well but i ask you this, what is the key thing you want the watch to do that you need it for. don't say tell time. we already have lots of that. stuart: i want the eco. >> we need an apps in the next six months to a year that is a killer apps for the apple watch and i think they will do it to put it up. stuart: got to go to commercial break.

>> alex so that a, help me out here. stuart: thank you very much, all the action on the market in one minute. we will be back. here at the td ameritrade trader group, they work all the time. sup jj? working hard? working 24/7 on mobile trader, rated #1 trading app in the app store. it lets you trade stocks, options, futures... even advanced orders. and it offers more charts than a lot of the other competitors do in desktop. you work so late. i guess you don't see your family very much? i see them all the time. did you finish your derivative pricing model, honey? for all the confidence you need. td ameritrade. you got this.

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liz claman is at the new york stock exchange. what really counts today is the last hour of trading, that is the most important hour. liz: we will be on the flost ho massive spike. we end up 600 points, much of that in the final hour. what is happening today? i just ran through and took a quick little question and answer from the traders' eyes saw, what matters more to you? earnings? basic point gains or the fed? they all said the federal reserve. any news out of jackson hole is going to be excruciatingly important. any headlines it comes out about whether we will see interest rate hikes matters most and that is what we are looking at. stuart: i think jackson hole will be excruciatingly boring but that is just me. sorting through the tea leaves of who said what and what it means i don't go for that but would love to see market action in the last hour of business and

you will be there, last hour on the floor. stuart: the entire sector in energy seeing its biggest gains in four years. we will be looking at all of it, stocks, bonds, gold, energy, and the federal reserve. like it or not the headlines are moving the market. stuart: we hear you. see you later, thanks very much. more varney after this. >> reporter: iran says death to america, we give them nuclear-weapons, the president has made america weaker and more vulnerable, we need to rebuild our military.