fractionally off of the lowest levels of the morning. of course, this is after the unemployment report. the unemployment rate fell to 5.1%. 173,000 jobs created and that will do it for us. i'll see you next week. happy labor day everybody. stuart varney, have a great show. you have a big one. stuart: we do, indeed. isn't this a smart move to buy stocks before a three-day weekend when the market has been all over the map? we're going to find out today. good friday morning, everyone. first up, that weak jobs report, that's the way i characterize it, 173,000 new jobs and the participation rate stayed at a generational low. investors not happy and the dow will drop, 260, 280 at the opening bell. donald trump confused by questions on foreign policy? is this a repeat of the sarah palin, i can see russia from my house gotcha question? he doesn't care. he is at a 30% support level way out front. will joe biden run?

he questions whether he and his family have the quote, emotional energy for a campaign. look at this, they lined up all night, adults, adults, buying "star wars" toys. you've really got to wonder. "varney & company" is about to begin. ♪ >> all right. look at this. it's friday morning, market opens in 28 minutes and we're going to be down about 270 points when we start the trading day. and how about the price of oil? often a pointer for the stock market, it's down at $45 a barrel. gas, i'll give you good news for the holiday weekend, it's down another penny on the national average, $2.42. now, monday, yes, it's labor day. and some people think we shouldn't celebrate organizationed labor so what else would you call labor day? why don't you tweet us your answer and we'll share some of your ideas later in the

program. and they're already laughing. the latest monmouth university poll have donald trump squarely in the lead, 37%, and next ben carson, 18%. busch, cruz, 8% apiece. trump swore yesterday he would not run as a third party candidate. coming up in the next hour, carly fiorina will be with us, we'll ask her if she's going to attack donald trump. in the 11:00 hour, governor mike huckabee, would he go to jail for religious principle like the clerk in kentucky? another look at the dow futures, down 280 points, 20 minutes from now. i'm going to bring in jared levy and you say you believe the selling is not over, take your case.

>> a trifecta of things coming up here. sentiment is the change, i call it the oh, i didn't think that would happen affect. people saw how far and fast the market fell and that is both investors and money managers out. so, they tend to be more glass is half empty right now and they're skittish and scared. and that's the first problem. second is the fact that we've got negative technicals, a lot of stocks, in fact, i believe 1/5 of the s&p is in bearish territory. many stocks, half of them are below the moving averages. technicals in the way and the third thing is the simple fact we don't have a lot of strength in our economy, nor do we have strength globally. you've got china, you've got russia, brazil. lots of economic problems. >> three good points, how about this one. would you as a trader or would any trader and they really do move the market, would they hold stocks today going into a three-day weekend? >> one of the biggest rules

that i had as a trader when i was in the pits, was clear over the weekend. what that means in laymen's terms, don't take any risks over a long weekend. i was trading in dot-com days, that's what it feels like. no, stuart, for the reasons you said. we're concerned, we're scared here, there's problems. why would you go over the weekend and give yourself three days of potential news disaster. >> nobody wants to be caught on tuesday morning, that's a fact. we'll get to you later. i want to take at a look at the jobs report. first off, what we had was 173,000 new jobs created. tammy bruce says look at the number. that's weak. tammy bruce, the democrats are going to go into this election with a weak economy, that is not good news. >> it's not. especially after seven years of telling people that everything was going to be fine, and that we're in the recovery. this is proof that they've been wrong all along. you need 160,000 jobs, i think, just to break even.

this is worse than leaving a nickel for a tip. right? it's insulting, you realize that a statement is being made, that you've been a patsy. this is why consumer confidence is low and that people aren't spending money, they know they've been had and that's informing the political environment. stuart: you're moving to the right. >> being unemployed affects the liberals and republicans and everyone the same. stuart: a raid grdio show, hewl asked him a policy question. he called it a gotcha question. >> are you familiar with the general-- >> yes, okay-- and i think the kurds have been mistreated by us. >> not the kurds, these forces.

i'm looking for the next commander-in-chief to know who al baghdadi and others, and do you know who they are. >> i think when we go to office, i think they'll all be gone. >> i'm not trying to ask you a gotcha question. >> when you're asking me who is this, this and this, i'll be so good at the military it'll make your head spin. >> and i'm interested in the reaction to his answer. when sarah palin said oh, i can see russia from my house and i don't think that voters will react the same. >> we'll find out. the season is over, people are back at work and kids gone back

to school and the iowa caucus is less than five months away and the debate is coming up. people are going to realize, maybe they projected onto him a little more knowledge than he has because, really, his voter base, their loved ones will be the boots on the ground if they have to send people in. >> do you think it's a turning point for trump? >> this could be a turning point because he could find out and decide he doesn't want to be in that position again and look more into it. and the man's running to be the commander in chief. you don't need to go into a classroom to find out who those men are. and it's a simple thing that he should know and frankly it was so painful to hear, it was just-- carly fiorina was asked the same question and he nailed it. stuart: did she have prep time? >> no, these are basic things that one should know. stuart: she's on the show later on the program and we'll ask her. >> yes. stuart: gasoline, it's the labor day weekend and here it comes. we're down at 2.42, the national average. now, look at this. $1.99 in virginia. and this picture sent to us by

a viewer with the twitter handle "innocent bystander", i like that. and 24 states, that's important, 24 states have at least one station selling gas under $2 per gallon. patrick dehaan is with us, the gasbuddy.com guy. your prediction that will be down around 2.40 around labor day, you were right. all right, now i want another prediction, where is the national average for gasoline going to be on, say, october the 1st? >> i think we'll be another 10 cents lower, stuart. i think the slowdown is going to slowdown in the gasoline prices, obviously, we're staring at commodities that have rebounded from last week's lows. i think this is kind of a head fake in commodities that are now rallying. obviously, with the jobs report and the ma shth down this morning, the commodities are under tremendous pressure, especially oil, going into a time of year when refineries are in maintenance. it might slow down. stuart: i'm interested 24

states now have at least one station below $2 a gallon. i find that encouraging. that's a surge to the downside in those states? >> yeah, absolutely. it's going to grow. 24 states. yesterday, it was 19 or so. you're seeing a huge uptick overnight and just in time for labor day and take to the roads. stuart: i am, i'm driving big time. california above $3 on the average in the formerly golden state. what is going on there? >> well, still, refinery issues dogged them all summer and supplies were tight. last week, we saw more imports arriving to california, but things are very tight there. prices in california have a long way to go there, so long as there are no new refinery issues. we'll see california under $3 a gallon here, probably in the next several weeks. stuart: we're not going to sound the trumpets for that one. no, we're not going to sound the trumpets on that one. have a great weekend young man and see you next week.

>> thanks, stuart. stuart: grown men, grown men were leaning up overnight to be the first to get "star wars" toys. lauren simonetti has it in case you missed it. >> i chuckled. good friday morning, the nerds came out in full force last night flooding times square trying to get their hands on toys, the force awakens. they were grabbing up things like the droid, show it to you, it's expensive, $150 robot. it kind of looks like a soccer ball with a hot-- hat on. it's basically the cousin of r2-d2. can you say drone? during the u.s. open, a drone flew over mid play. it crashed into the seats. and new york police arrested a teacher who might have been responsible for flying that drone.

and as donald trump criticizes jeb bush for low energy, some agree. see the woman with the hat on, she was nodding off as bush was speaking about health care at a campaign event. see her eyes, she closes them, opens them, closes again, and a yawn at some point. they later posted a picture together on twitter, jeb and the lady. he said look, i'd be tired, too, if i was a working man with a 12-hour shift at 4 a.m. >> i bet the campaign is not happy. thanks so much. let's look at the futures and we'll take you to wall street in 19 minutes and the dow jones industrial average is going to be down about 200 points. the market opens in 20 minutes. roughly. we asked this question all day, why would anybody buy stocks ahead of a three-day weekend? answers, please. first, look at this, the european migration crisis has reached a fever pitch. thousands of refugees tried to get on trains and trying to get on anything that will get them to western europe.

more on that in a moment.

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>> all right. we are going to open lower this friday morning. about 200 points down on the dowment let's get to the european migration crisis and it is a crisis. there is an internal split within europe over who should take the refugees. germany and france say all european countries should take some of them in, not just france and germany. terrorism expert walid phares says it opens the door, roll the tape. >> there are a number of refugees and some are coming behind them and what we know is that within syria, isis has been able to infiltrate a large section of the population so the deduction is that isis will use those refugees crossing into borders of one, maybe more than one countries and getting the help themselves. this is an ideal situation for

isis to penetrate europe. stuart: yeah, you heard it right. let's bring in colonel bill cowan, from the get-go, i want to say it's a military crisis, superficially it's military and political, but at its heart in my opinion it's military. why doesn't somebody led by the united states go in and crush isis at the source? they're the reason why millions of people are fleeing to western europe. kill them at the heart and you've-- you'll go some way toward solving the problem. are you with me? >> oh, i'm totally with you, stuart. thankfully over the last few weeks, at least the united states is stepping up the attack against isis leadership, but what we've continued to fail to do is take the entire fight to them, along with our arab partners, who themselves should be engaged on the ground against isis. stuart: now, the europeans can't do this. i don't believe, you know more about this than i do, i don't think that the europeans have a

military to take the fight to isis. it must be led by america, is that the situation? >> that's right, and the europeans don't have the heart for it. stuart, they were in afghanistan, they did fairly well there, not increasingly-- exceptionally well. they were in iraq with us, did fairly well and a number of the countries did, but the reality is, all of those countries, the arab world and europeans they look to the united states for leadership. we've been totally lacking. as john mccain say 75% of the aircraft we send out and return for air strikes and the bombs are still on them, we don't have a problem fighting target. we have the problem getting clearance to strike the targetsment bureaucratically and systematically we have a problem taking the fight to the bad guys. and our failure to get the egyptians on the ground and

other countries that have forces and they have a role to play and we're not getting them in the fight. stuart: i don't think that the europeans can solve the migration crisis. it's so big and they're so divided and they don't have a solution, it could break up the eu as we know it. >> i agree, stuart. initially they were going to accept 40,000 refugees, the number went to 100,000 refugees and now the u.n. says you have to take 200,000 refugees and clearly the eu has no real solution and they're trying to find one, but we need to remember, as walid phares is saying, this is a great opportunity for isis to put some of its people in among those thousands and thousands and thousands of refugees. to move them in. and you know, a lot of those people when they go there, they're not radicalized right now, but when they're not met in-- then they're radicalized. >> and some say they'll take so

many, but only christians. that's telling. bill, that's a crisis and a half, appreciate it. coming up, we're watching the markets to head lower as we move forward the opening bell and it looks like we're going to open down 200 points plus on the dow. and then joe biden not committing to 2016 at this point, he is unsure whether he has the emotional energy to run for the presidency. more varney in a moment.

>> all right. earlier i compared donald trump's response to a question to sarah palin saying, i can she russia from my house. you called me on it. >> and bret the first of several such responses, sarah palin didn't say i can see russia from my house. that was tina fey. referring to the snl skit. here is what sarah palin actually said. she said they're our next door neighbors and you can actually see russia from land here in alaska, from an island in alaska and that's what she actually said. okay? clear enough. i was wrong. and the futures are still down about 230 points plus, that's when the opening bell rings six and a half minutes from now. joe biden, he's considering whether to run. roll tape.

>> i can't look you straight in the eye and say now i know i can do that. the most relevant factor in my decision is whether my family and i have the emotional energy to run. stuart: all right, tammy, i think looking at that tape, i think joe biden is emotionally crushed. >> yeah, it's pretty clear, i mean, look, he's been through so much. he's an honest guy. i don't think this was, you know, some false front. if hillary was in better shape, i don't think it would be an issue for him. the counter balance to his emotional exhaustion is the fact that his son, effectively on his death bed said you should run. in order to run you've got to really want it, it's got to be a drive. stuart: it's enormous energy and drive to complete a campaign. >> don't you think he's campaign. the clinton campaign would slow so much mud at him and would you wants to-- >> if the clinton campaign

would throw mud at him in this position, thing they would lose. >> if he runs she's in a horrible position, everything changes if he runs. i don't think he will. stuart: and we're moments away from the opening bell this friday morning, the latest jobs report accelerating the selloff. look at these guys, the latest "star wars" merchandise went on sale and crowds were selling-- i'm not in there. >> i thought that was you in the middle there. stuart: we're out of time. a win for disney. put it like that. more in a moment. these two oil rigs look the same.

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>> all right. a minute to go after we open the stock market. futures indicate a 200 point loss. scott, who is going to hold a long position in stocks over a three-day weekend? anybody? >> no, we thought we'd get some respite with the chinese being closed a couple of days. nobody in their right mind is going to take a big position into this weekend and long holiday and that's going to add to the volatility today. i think that's what we're going to be in for the next two or three months. this is not going to go away anytime soon. stuart: jared, how about you, would you hold over the long

weekend? >> no, scott and are the same background, understand the risk. and more than that you've got so many moving parts and risks like scott mentioned with china, russia, brazil and this is not a time to be holding stocks unless you're a long-term investor. stuart: we're about to find out whether or not people are going to hold stocks, because the trading session has begun, right before the labor day weekend. where are we? we're down and we're expecting to be down about 200 points where everything opens up and we could give you a complete look where the market stands. do we have the graphic on the dow 30 stocks? are all of them down, half of them, we don't know yet? and not all of them have been opened at this point. take a look at the price of oil. we've got that down at around $46 a barrel and i think that's about 24, 25 cents down. jared, are you selling oil companies as we go into the long, long weekend? >> i am short oil here. i own puts on the uso. and i think that the

fundamentals for oil look negative. in terms of oil companies, the drillers i wouldn't be owning here. the refiners, you might begin to look at, but they're also going to fall likely in sympathy with the broader market. i think the sure play here remains short of oil and back down $39 is my target area here. stuart: as expected we're moving sharply lower at the opening bell. down 158, 162, down we go. i'm trying to get that graphic for you of the dow 30 stocks, a cross section of industry. are we looking at all the sectors on the way down? not sure at this point. i don't think they've all opened. there we go. all 30 of the dow stocks have opened for trading, all of them are moving lower. and that's the kind of thing we've ben seeing reassemble, either all in green, all in red. big move up or down on the opening bell and that's what we've got today. any comments? >> well, this is a no-brainer. we talked about this yesterday and some of us got brushed aside when we said we'd be

selling going off into the weekend. you didn't, but your other guests, they were bullish yesterday. a great time to sell and not necessarily to buy. >> our market in america is closed on monday, but the china market will have been open, i think, for two days to the time we come back on tuesday morning. now, do you want to go in, holding stocks, with the china market has been open two days before we reopen. >> depends which stock. you can buy some of these at a real bargain now. stuart: i guess that would be true. now we're down almost 200 points. can we see some of the big name stocks? we cover them all the time. i know, and we want to see them, where are we now. dow opening 109. netflix, that's been a loser recently, where are we in a down market. 2% lower at 98. amazon has been around, dropped below it this morning. 4.98. outside technology, wal-mart,

64 down this morning and caterpillar, a loser recently, it's at 73 now, and it's a dow stock and now it's down a buck 30. mcdonald's around the per share level. not much with that stock. how about intel? there's something going on. >> take a look, i've been watching this two years ago, 23, 24 a share. and now it's trading at around 28 a share. you love dividends and this was a stock that had consistently paid a dividend for several years, up at 3, 3.3% dividend yield, but they've just invested big time in quantum computers and it will take several years for this to come to market and this is the equivalent of vacuum tubes, to the computer pit, if they can do this, what a bargain. stuart: what, 3 1/2% dividend? >> he lit right up when he said the word dividend. stuart: in a down market all over the place if i can buy a big name stock that's going to

pay me 6% like some oil company, what's wrong with that? >> that dividend is going to drop, but the key is they've paid the dividend for several years without cutting it. stuart: at a bank, 1%? >> if you're lucky. stuart: because you're right. >> that's me. i think i walked down to chase, and by the way, on big name stocks, you want to look at apple. going into september 9th and talk about revamping things. well, they're revamping their phones and also, there's a talk of them making a foray into the tv production side of things and i think that it's a whole new revenue stream for apple. that changes their multiple. we own it, i think it's a stock you might want to examine here. it's been battered and bruise. tammy bruce is excited about apple. >> i had one of the first apple

tv's, an early adopter. and when they went to apple tv-- >> and how about stock prices. nicole: a look at the gap down 1 is.7% at 32.45. and it's been on a losing streak. that losing streak continued into august. they have a few names under their umbrella, including the gap, right? their namesake brand. banana republic and old navy. old navy has been the only thing that continues to do well for the gap. every time i talk about the gap, i'm always saying, well, old navy bucked the trend. a strong grower, 6% of sales. banana republic fell 11% and gap fell 8%. and the declines were cheaper year over year. not good news there for the gap. and year to date, it's down

over 21%. >> ouch. stuart: that's a rotten looking chart, nicole. let's reset, where are we? >> the dow industrials are down 218 points and all 30 of the stocks are on the down side. the biggest losers, gold, caterpillar, dupont, general electric. when you quote percentages losses you know you're down big. on the s&p 500, you're talking 2, 3, 4% on the down side. nasdaq, home of technology, they're the big losers, some of the companies you won't know, much smaller companies. . but look at netflix in the middle of the losers list. that's different. look at the jobs report owl earlier today. 173,000 new jobs created and the unemployment rate just about 5%. i'm going to bring in austan goolsbee, a frequent guest on this program and a very

welcomed guest and opens up with a smile. let's see that smile. >> all right, thanks. stuart: you've been very candid on this program, you always have been, you've always said that, now, we're not doing terribly badly, we could do a whole lot better. would you apply the same analysis to today's jobs report? >> yeah, you know, i would. we missed the expectation, there are some things that are positive in it and it feels to me like the same old same. we're plugging along okay, but not great. stuart: why is it in the last, what, six years, we've never had a single month where we've created 400,000 new jobs? we've never had that pop. i use the previous administrations, not going to quote reagan, but you set the store and we haven't had it. >> as we've said before on your program, we had a bubble, the bubble popped and you can't do

what you did before and the shifting of what the economy is doing takes a significant amount of time and added on that the rest of the world is really sucking a lot of wind and that's not helping us in the slightest and you see that in the manufacturing numbers in this jobs report. stuart: now, the whole world is slowing down. we've got maybe 2, 2 1/2% growth. if we reslowdown more from there. here is my concern. we don't have any tools in the toolbox to fix things. the fed can't lower interest rates anymore, it's not going to print a whole ton more money. we don't have any fresh policy initiatives from the administration and hillary clinton doesn't seem to have any real pro growth policies in her arrows in her quiver. so, i'm worried here, we don't have the tools to get us out of what may be a mess. >> well, except for your little dig at hillary clinton, i agree with you. i'm concerned about that, too, i think that people looking at the fed and making the argument that the fed should raise rates

so it will then have a tool to use if things go wrong, to me, that's-- to raise rates in an environments like that, where the whole world is slowing down and the u.s. is got a little bit of a struggle, that sounds to me like a recipe too slow down and create exactly the condition that you're trying to avoid. stuart: yeah, i mean, do you share my concern? you're a little worried about this? not the fed, the overall economy. the context of the world economy and the administration's policy? >> yeah, no, i said i am concerned about it and i think you're right to identify what are the tools. let us hope that china is not having their version of a 2008 event because unlike the last financial crisis that spread around the world, i think the tools that we would have now would be pretty limited. stuart: you said i had a dig at hillary clinton, i don't think i'm having a dig at her.

i want to know what is the growth policy that she has. she wants what, daycare for everyone, top of-- >> that's unfair. stuart, why i think that's unfair, she gave a speech on that. stuart: you tell me what is hillary clinton's pro growth policy? what is it? >> it was investing in human capital, if you were to pick the one biggest, most important thing, investing in-- >> education, is that it? education? how long before we see some return on our investment in education? >> well, it sounds to me like you're trying to change the subject. stuart: no, i'm not. i want to know when will the democrats-- tell me-- she gave a whole speech and you want to criticize the individual parts. stuart: okay, investing in human capital, you think that works? do you think that's going to give us fast growth all of a sudden, did you? >> well, you added all of a

sudden. i think that's by far the most important thing for the u.s. or any other country. if you look at the unemployment rate of people that are graduated from college, if you look around the world, the countries that have invested in education and training, weathered the recession better, they're doing far better than the countries that did not. stuart: when you say investment in education, do you mean forgiveness of student debt? >> allowing them to refinance, sure. i think that's important. stuart: okay. and investing in zero to four years old daycare, that's a good investment, give us growth? >> yeah, the guy that won the nobel prize showed that that's one of the best job training programs later in life is to have had a decent pre-school early education. stuart: how about a tax cut for corporations so they bring back some of the 2 trillion dollars that's overseas, wouldn't that work? >> well, look, you and i agree that we do need a corporate tax

reform, that having the narrowest base with the highest rate, what the u.s. has now, doesn't make sense in a world economy like this. i don't know that it's repatriation holiday, but tax-- >> i think we disagree. i would love to see american capitalism let loose. wouldn't you like to see that? wouldn't you? >> i would. stuart: why don't politicians support that point of view? >> well, i was-- capitalism unleashed and value and innovation is the most important thing, not what the tax rate is. stuart: it was fun, austan gool bee. come again soon. and we're 200 points down. okay, where are we going. maria: i've got gordon chang

next to me. >> when goolsbee says the worst thing would be a down turn, i think he's wrong. the best thing would be like two decades of stagnation. stuart: say that again, the best i think this would be what a crash? >> the best thing would be two decades ever japan-- like japan has. stuart: the best thing. >> for china. i think they're going for the crash. stuart: the crash, a flat-out depression? >> the reason is they have no ability to change the direction of their economy. monetary stimulus since last november, completely ineffective. fiscal stimulus, yes, it can create growth, the thing is it creates debt and debt is their number one problem. basically the reform is 0 of the table in the substantial structural reform and the other thing is, the stock market boom

is their idea of jump starting the economy, that's a bust and they talked about devaluation and a burn rate every time the market is open supporting the currency, all of this says they're just flat-out in trouble. they are slow to descents, but they cannot change the direction. >> a far bigger driver of their economy whether you like it or not is building ghost cities. they've got the foreign reserves to build a lot of empty towers and this would be the crash and recession. they're going to keep modeling along and the economy will take control, building nothing that's going to be used. >> look, those reserves are not much of a cushion. the financial times three or four days ago said they will run out in about a year. when you look at the current burn rate for supporting the currency. we have the information, basical basically, the china data provider, in three months, may, june and july, china lost 405 billion dollars of yet capital

outflow, not capital outflow, net capital outflow. stuart: hold on. listening to this, scott, you first. you heard what austan goolsbee had to say and what gordon had to say about china. your comments, please? >> i'm going to change it all. the engine is broken globally. i think that with the chinese growing at 56 times over the last 20 years, i said before, it's not going to be a soft landing, it's going to land with a thud and we'll hear it in new york. with seven years of zero percent interest rates in this country, emergency level, life support interest rates, why can't get net any inflation? because the engine is broken. participation rate 38% low and the engine is broken. i would say that hillary clinton said that she would like to raise capital gains tax on investments and investors at the very worst time that they we need to discourage that type

of behavior. stuart: to you. >> and getting back to china, i agree with scott and everybody else. i think the landing will be hard. remember, this is also a cultural shift for china, getting them to become more of a consumer driven state, changing the way that they think from savers to spendsers and transitioning the money down to the lower classes and i don't think that any of this is it going to happen as smoothly as a lot of people believe. the other thing is, in terms of oil, a lot of folks have been talking about the chinese stockpiling and that's why they're consuming oil right now, that's going to go away soon, but can't afford to do more and store more. the other thing to look at is auto sales and diesel fuel sales, both of those are much lower and sort of maybe canaries in the coal mine of bigger problems reverberating. and stay short oil if you're from an investor standpoint. short oil is a much bigger problem than inflation. and the fact that we're pumping the world with free money and the prices are falling, that's a big, big issue.

like scott said the engine is broken. stuart: now we're down 206 points, falling a little further, down 207 now. 1.2%. 16-1 is where we are. can i see the stocks, the barometers, show me apple, please, where is that. 109. okay, i'm going to call that virtually dead flat. netflix, that's been a big loser recently and i think it's dropped below $100 a share and 200-- that's $2 down. facebook, haven't quoted that this morning. that's very much on investor's radar screen. it approached $100 a share what, about a couple months ago and dropped way down below 80 and bounced back and is now at $87 a share and that's down $1. quick question to gordon about the china market. because we're closing for a three-day weekend. and we've posed the question to our guests here, what happens

when you've got the china market open for two days and our market closed on monday, that is setting up a real mine field for tuesday morning on wall street, isn't it? we don't know what's going to happen in china. >> certainly is, when you look at the index for china stocks in hong kong, that's down 1.4% today and that's the important thing going on here. we have seen this pattern of government intervention the last three or four days in china where they buy at the last moment to prevent big loss, this market wants to go down. i don't know if the chinese government is going to support t i don't think so. it's after the big parade when they had the political motivation to keep the stock market up. that parade is finished and that means in general they probably will not support the markets monday and tuesday. stuart: quick question about apple. you say they will take a hit as china, the economy, slows down? >> i think they will. it may not be as immediate hit as car sales which are showing

real problems in china. eventually, apple is going to be hurt because a chinese private company, but controlled by the people's liberation army, wallway is getting into wearables, and i think apple has had a long hard road because the chinese government is against it. it's a great company, but the chinese government is powerful. stuart: we have to say goodbye to you and appreciate you on the show. quick check of the market and now we're down 227 points. we'll take a break, back in a moment.

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>> i believe this is the low of the day. down 271. 16-1 is where we are. all 30 of the dow stocks are in the red. every single one of them across all kinds of industry groups, down they go. red signs everywhere. change the subject. our next guest, he went on vacation to turkey and now has been added to the governor's terror watch list. last on that list, and you could be surrounded by police every time. the point guy is here, brian kelly, he is the guy on the terror watch list. you went briefly on a trip with some friends to turkey. >> exactly. we were going to go to the greek islands, but we said why

don't we go-- i haven't been to istanbul for a while. the hot air ballooning and three days in turkey, we're on the government watch list and they longer check in on-line for planes and takes extra going through security. stuart: this happened as soon as you returned. >> as soon as i returned. stuart: you left turkey. >> three days to greek and global entry worked fine and no matter the airline, no matter if i put my pre-check number on i have to wait in a long line and do a 30 minute, every single item of clothing swabbed. >> and your underwear are out in the airport. stuart: and it's true of your open friends? >> every single friend have lost this as well and lost our pre-check and hundreds on social media are saying i went to turkey, too, and we realize

it's happening. stuart: i can understand your frustration. >> yeah. stuart: heaven forbid that would happen to anybody, an innocent guy. >> we need to focus our resources to the right people and it's hard to distinguish good and bad, but we need smarter intelligence. stuart: when you get the story of youngsters from america going to isis, they go through istanbul and that's the way they get there. >> i understand that. a, i came back to the country and with the surveillance on travele travelers, our government should tell, i didn't go a thousand miles away from syria for three days, not much terrorist recruiting going on in a hot air balloon publicly sharing it with millions of readers. stuart: they don't know that. but they need to. not everyone, but all of these people are getting caught at bad guys and two hours of tsa agent's time has been spent on me in the past we cannot going after people who have-- >> you tried to get off the list? >> it takes months to years and

i contacted bill nelson's office. and some say we don't control the list and the fbi to the homeland and it's a frustrating process. stuart: i hate to say this, but the moral of the story is don't go to turkey. >> it's sad because turkey is an amazing-- people should be aware i definitely would not have gone to turkey if i had known. i travel weekly, this is causing major havoc. stuart: you're the credit card points guy. >> travel is what i do and now it's annoying. stuart: we feel for you and we understand the situation. if that makes you feel any better. brian kelly, thank you for sharing the story. look at the big board now, the low for the day. down 270 points. now, do you think the dow is heading back below 16,000? i wonder and we posed that question all week. is 16,000 the floor? >> it is for the dow, but the s&p has broken below one of the support levels. ap people were talking about testing and retesting.

this is a four-day test. after we know what china is doing on monday and we start trading on tuesday we could come back up. but people are selling out now and they should have gotten out yesterday. stuart: who would own stocks on this long holiday weekend. and candidate carly fiorina is with us, and donald trump and a new poll. will she attack him? and "star wars" geeks, forgive me for calling them that, lining up at toy stores around the country to get their hands on the "star wars" merchandise. what is it a middle age guy doing, standing in line all night to buy "star wars" toys? you'll meet one of them. second hour of "varney & company." two minutes away.

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stuart: you are looking at a pretty big sell-off and the weak jobs report to boot.

would you old stocks over the long holiday break? european migrants crisis continues. hundreds of thousands of people waiting to get into western europe. ambassador john bolton will some the situation up for us. a new monmouth university poll big lever donald trump in iowa, 30% support. carly fiorina 4%. is she ready to take on donald trump? grown men lining up around the country to get their hands on star wars toys, billions of dollars worth of sales projected. how bad is it? half an hour of trading, we are down 273 points, stocks took a dive after the tepid weak august

jobs report came out. after the price of oil we are holding at $46 a barrel. good news if you plan to drive this long holiday weekend, gas down a penny over night, national average down 242. back to stocks the losers among the dow he shoes, goldman, jpmorgan, microsoft, cisco, down 1% to 2%. the price of apple stock down all levels this morning, not finding much of an item, 109 is the apple quote. big loser apple for some time. $98 a share, move on to mcdonald's, is down today holding above 90, below $95 a share. walmart, want to break out of technology in the restaurant sector. give me walmart, 63, down $1. our next guest is buying the big

names, he is buying two of the big names we just mentioned. mark machiney is with us. would be prepared today before long holiday weekend? >> you name the couple of them. mcdonald's and walmart. both of these companies will continue to prosper in spite of what the fed is likely to do in september or later on. stuart: what is so good about mcdonald's? we are down 265 points on the dow challenging 16,000, very much a down day, three day holiday weekend coming. has macdonald bottomed in the mid 90s? >> seems like it has. there is a lot of bad news for quite some time, same-store sales activity has been sluggish at best, for in the united states, competing against other fast-food franchises that have done a better job executing putting the product in the market, but to give the lead at millennials want but it can be fixed since they are rolling out next month breakfast all day

which is an important consideration for those that are diet conscious. bernard: i am laughing because we had a discussion about this. i said i don't think breakfast all day is the huge boost for mcdonald's but everyone else i talked to seemed to think it was a fabulous idea. you bought into it, you are buying mcdonald's at 95. tell me about walmart, 63. >> we do. here's a stock down 25% going into it today on not year-to-date basis. expectations have been bid up, they cure their problems or seeing better same source activity, only to disappoint analysts. stock is trading, 12 times forward earnings as a 3% yield which is attractive to those seeking income. a behemoth, 5 and the dollar company. labor condition by likely to persist, wage growth, into

spending. that they can overcome, will recover from that, but most of the retailers that large. stuart: the trading community dictates a lot of the price movement in the market. if i was a traitor i don't think i would be holding stocks over a long holiday weekend. this is the theme we return to constantly on this program. there is enormous risk in holding stocks in a down market overall long holiday weekend. i you with me on this? >> i have sympathy for your view on that. no doubt about it we saw that yesterday, the rally in the morning, basically flat activity on the day of her day basis, traders were squaring their books in anticipation of the long weekend and you are getting the same today. volatility cuts both ways. a big update tuesday as well as another down day but we are in the midst of a corrective process that has further to go it as a consequence i wonder

short-term caution in anticipation of a better opportunity to buy perhaps lower levels than we are today. stuart: good advice, thanks for joining us, we will see you again. i got to get back to the european migration crisis because i don't think most of us realize how big a crisis this really is. moreover there is a split within europe who should take these refugees. there maybe a million of them trying to get into western europe and at the moment germany will take at hundred thousand, france will take a few but the rest of european countries are not interested. they don't want to do it. here is what lieutenant colonel bill cowan has to say about this earlier today. >> this is a great opportunity for isis to put its people in and among those thousands and thousands of refugees and move them in. stuart: ambassador john bolton joins us now. am i right in saying that this is not an existential crisis for

europe but real major crisis that threatens european unity. >> no doubt about it. europe has faced flows of economic refugees from north africa and the middle east for some time but what you see now i've asked the increased flows especially all of what used to the sea and iraq caused by tyrie chaos spreading because of isis turkey is letting them through, they're run by the magnet of getting to germany or other places where many have relatives already. they don't have a policy in the long-term. stuart: it is a major crisis and i will go further but i think this could split europe.

>> it is going to have that effect. look at these pictures of people desperate to get across the english channel through the channel tunnel. the british, irish not prepared to accept some, fully understand let be some large numbers. railroad stations in budapest and other major cities in eastern central europe are trying to hold the way back from going all across western europe that they are not getting support from the germans, french and others. i think this is something europe wasn't prepared for, didn't want to look at and bill cowan is right on this. the risk of terrorists using the flow of refugees i think is very real and when you look at these pictures of trains stations, trains being crowded with refugees think of the high-speed train between amsterdam and paris where those three brave young americans stop the bloodbath. that is what the issue is, at risk in europe and we will see it here.

stuart: the way to solve this problem, you got to beat isis, you got to beat them. you got to beat them on their home turf. that is the only way to stop millions of people trying to fled to western europe and destabilize the continent and i don't think we are going to do it. >> not while obama is president. they came out of syria and took fallujah in iraq in january of 2014, we are getting close to two years -- two years of isis expansion and the president's response has been woefully inadequate. a missy destroy isis's based this chaos will only spread and is going to spread not just in syria and iraq but increasingly around the middle east, yemen, the state of yemen, libya disintegrated, the chaos is spreading and in part it is our responsibility because we turned away from the middle east except to cut this rigid nuclear-weapons deal with iran. stuart: i don't think most people in north america have come to grips with the magnitude of the problem affecting north

africa and western europe. i don't think we have understood the depth of that problem. and passage unbolting getting us to understand it. in 30 minutes from now carly fiorina will be with us, we will ask if she is going to attack donald trump. stocks down 245 points on the dow. you are watching disney. adam: disney breaks below $100 there is up bargain once again and you keep asking if it will hold strong over this weekend but most of us, not the high frequency traders or day traders are holding stock, we will hold it for a year or two so disney might be in play especially with toys, $5.8 billion in sales, you have grandchildren you will pay dividends to lots of disney stockholders as you buy christmas gifts and the movies coming out, it will be gnats and disney could break below $100.

stuart: do you really think they will sell $5 billion worth? >> 6 or plus. >> it is star wars, is a generational issue. my generation, lauren's generation, even your generation but your grandchildren, you have a lot of grand kids pay our dividend. stuart: we have a guy who stood in line all night to get star wars toys, he is 42 years old. adam: god bless him. stuart: you are looking at consul energy. >> selling off by 5%, they are selling off because veterans are very weak today. there you have it, 5% at the moment, down 10% so these are the types of stocks that do that. stuart: energy stocks down across the board. will back to $45 a barrel. joe biden not committing to run for the presidency. he is not sure he has the emotional energy it takes to do the job.

you will deal with that in a moment. stocks are selling off after what i'm going to call a weak jobs report, former labor department official paul conway is here, i wonder if he says it is week. look at this. >> we miss the expectation, some things are positive and it and it seems to me the same old thing, plugging along okay but not great. hi my name is tom. i'm raph. my name is anne. i'm one of the real live attorneys you can talk to through legalzoom. don't let unanswered legal questions hold you up, because we're here, we're here, and we've got your back. legalzoom. legal help is here. mmm hmm.i know the markets have taken a hit lately. just wanted to touch base. we came to manage over $800 billion in assets,

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stuart: still love 200 point plus loss for the dow industrials down 242. there was what i call a week tepid jobs report earlier today. more on that in a moment. all 30 dow stocks in the red meaning they are down. as for caterpillar that has been down a lot recently, this morning down 72. you are watching this one. >> there has been another analyst cutting to neutral and setting the price target at $77 where it had been $89, we talk

about shine at and the real problem for caterpillar is brazil and other emerging markets that used to supply commodities. they won't need as much be digging equipment to get commodities out of the ground to send to china. stuart: i will get the jobs report this morning, 170,000 new jobs were created in the month of august, 173. that is not real good. that is my opinion. paul conway is with us, former chief of staff at the labor department. it is flat out week. >> i agree with your opinion and look at the numbers. with 173 jobs created lower than what the expectations were but more importantly, the average monthly job creation number last year was averaging at $260,000 a month so you have $173,000 this month, the logic doesn't hold up if you say this economy is doing well and that type of stuff. we are plugging along, it is a weak report and it will be

reflected not only by a presidential candidates but expectations on wall street and what the federal reserve does. stuart: i want you to explain something to me. statistical but important. the participation rate, 62.6, unchanged for three months but that is a generational low. what does that mean for america? if your participation rate is down at a generational low what does that mean? >> it has a practical impact on those people, we had 8 million people who would like to find a job that are not finding a job and 6.5 million americans working part-time jobs so what it means is this. those people looking for work who cannot find it 40% of whom are young americans 21 to 29, the skills they got and the knowledge they had is not being applied, they are not having the three crown jewels of any kind of career which is exposure to management, exposure to managing

budgets, people, projects, along for it goes without that, your expertise for future earnings is lower. stuart: is that low participation rate the reason why we have strangely 5.1% low unemployment rate? is that it? you have far fewer people working, therefore the number of people who are working pushes down the unemployment rate. help me out. >> if you have less people in the work force you are measuring less people who are unemployed. that number the labor force participation rate, the percentage of americans who are sitting on the sidelines who are not working. if you celebrate a number of 5.1%, what you are also celebrating is millions of americans who are not in the work force. it is not simply that they are older or baby boomers you give 40% of those people who are unemployed, our young americans, 21 to 29.

and amazing number. stuart: if this economy starts to slide i don't know what fools we have to fix it. 20 seconds. can you tell me? >> would get examples where things are looking, in new orleans ten years after katrina, low taxes, low regulations, young americans going there, the best city in america, more young people finding jobs than anywhere in the united states. cut the business rates, lower the cost and get the economy going. stuart: good stuff. see you again soon. joe biden talking about whether he will run for the presidency. just listen. >> i can't look used rate in the eye and say now. i know i can do that. the most relevant factor in my decision is my family and i have

but emotional energy to run. stuart: i would be prepared to say the vice president this moment does not have the emotional energy to run. >> watching that video it doesn't look like it. he was much younger, had a family tragedy, took a great emotional toll, he recently lost his son, that has taken a toll on him but you have to be at the top of your game to run for president both emotionally, physically, intellectually. he has the intellect. he is in his 70s that is in good health, but clintons are going to throw, people don't think they would throw mud on a man going but he has gone through, sure. >> that was a heartfelt speech right there but there are reports that his son bill biden asked him to run when he was dying. when you fulfil what is your own wish and someone dear to you you find the energy. stuart: but you do have to have enormous focus, energy and

drive. the family behind you. you really got to have that. if i was to make a judgment having watched that tape i would say joe biden will not run. strong stuff. would you agree? >> no. i don't think he has decided. >> i believe him. i don't think he has decided. stuart: fair enough. time will tell. nearly 1 million veterans waiting for health-care. what happened to reform? i say it is another failure of government under president obama. carly fiorina will join us. i think she is with me on the failure of government. remember this one from the first republican debate? >> the potential of this nation and too many americans is being crushed by the weight, the power, the cost, the complexity, the ineptitude, the corruption of the federal government.

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stuart: 218 points to the downside. down 200. all of the dow 30 and their red. the big losers, dow stocks, apple, mcdonald's, pfizer, disney, nike. donald trump's up front in the polls, is carly fiorina ready to go on the attack against the donald. lining up at 4 stores to get their hands on new star wars merchandize. why would of middle-aged guy stand in line all night to buy toys? we will ask one of them.

the performance of government is on trial. since his presidency began mr. obama has used government as the agent of change, government would fix things. all government all the time. how is it going? i am looking for a success story that coming up short. it is a record of failure, expensive failure, the worst of the worst is the veterans administration. just look at the latest scathing report from the inspector general, 900,000 former military personnel applied for medical care and their cases are pending, meaning they are waiting in a bureaucratic line for years. 300,000 of them are dead, the va says there's no way to urge their names. anyone who thinks government is the way to go, think again. the president will not do that. he will not rethink his addiction to government when the be a scandal first erupted he asked for money and got it, reluctantly changed the guy at the top but never questioned the

idea government might is the only way to run health care for veterans. as the education, and obamacare, government care. you like it? obama's world, private enterprise is the villain. and the veterans administration the report card isn't. the government gets an f. i am hoping for a change.

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huckabee 4% support. joining us on the phone right now carly fiorina welcome to the program very good to have you with us. >> great to be with you stuart thanks for having me. >> are you going to start to attack donald trump forcefully? >> i think what i'm going to continue to do for some time now is introduce myself to the american people. you know, when i went into the fox news debate august 6th less than 40% of republican are voters had ever heard my name. we moved that up to had 50%. but still about half the folks in the country are going to be voting don't know who i am yet because i'm not a celebrity i haven't been doing this for a couple of years so i need to introduce myself. >> so a lot more people would know you if you attack ad him. >> yes and no. i don't shy away from jarring contrast between myself and other candidates as you know. i don't shy away from criticizing anyone that i think is out of line or taking a position that i think is --

wrong or dangerous for this country. and so i'm not going to shy is away from donald trump or anyone else. but my goal in this next debate is to make sure that people function who i am. and that is what i will do. >> would you -- would you have donald trump as your vice president? >> i think it is way too early or answer that question i'll tell you why, about if you ask me any other name, what president cial campaigns do is reveal character other time and under pressure. i think it is pornt to see people overtime and overpressure because the united president ofe united states is better than a campaign and you better understand what character and capability really before you elect them. >> in the middle because of what's going on in china, china has been flexing its military muscle breaking into our computer systems. republican presidential candidate scott walker says

let's just cancel the state visit of chink's premier when he comes here later this month. would you do that? would you cancel that state visit? >> no i wouldn't actually. if i qongt make it a huge photo op. i would mac it a serious association. but having -- i think now is the time to put pressure in china in all kiengdz kinds of ways they're flexing because their economy is weak. it is classic response no question that china is rising adversary and cheated on trade agreements. there's no question they have engaged in sign espionage and sign attacks for a long time. it is ineptitude by the way that the office personnel management couldn't detect and repel that attack. so -- the time to put pressure on them is now from a whole series of perspectives first we ought to be patrolling by air and by sea. south china trade route which

they want to control five trillion dollars qort of goods and service it is flow through that trade route every year. we cannot permit them to control it. number two when their ships come close to bearing straight our war of planes ought to escort them. we need to be equipping our all a lies with the technology and a the equipment that they've asked us for so they can join us in a more -- aggressive patrolling of the disputed territories on which china is now bolding building military bases and in this state visit, we ought to be -- i fear president obama will not ought to be talking seriously it be their failure to protect our intlem chul property which they agreed to do when they joined wto and ought to be tag with them as well about perhaps asking to play by same rules that they force to play by in their marketplace. we are with the largest market with huge l f leverage.

>> over the weekend donald trump was tripped up by some foreign policy questions he didn't appear to know the distance out of iran, i think you answer answered the same question you got them all right. did trump sort of blow himself up on foreign policy? >> you know, i do think he seemed to believe questions were unfair. they're certainly not unfair. these are serious times and a the president of the united states as commander in chief needs towns the world and who's in it and what's going on in the world. of course the force that is basically iranian navy seals, the force has been a -- source of conflict in the middle east for many, many years, decades, they also have master'd and wounded american soldiers purposefully. the heads traveling arnold and

visiting russia, china, new allies these are bad guys. and, of course, iranian deal that president obama and john kerry just cut a horrible deal gives them more money. all of iran approximate sis more money so iran is far more dangerous, far more powerful and wealthy as a result of this deal. that means that kudz force will get divorce not better which is why -- on day one of the oval office i will make a phone call to the supreme leader of iran to tell them hey, new deal. sorry i don't care that president obama signed a deal. there's a new deal, and the new deal is we're going to make it virtually impossible for you to move money around the gloablg financial system we can do that without anybody's koarption until and unless you open a military and nuclear facility to reel any time anywhere inspection by our people not yours. carly fiorina a pleasure to have you on the program we appreciate your time. >> thanks, stuart. all right. >> coming up in the 11:00 hour

another president presidential candidate on the republican side huckabee could he go to jail for religious freedom like the clerk in kentucky? on 11:45 eastern time this morning. is drurp donald trump ambushed and confused about military policy. >> are you familiar with -- [inaudible] >> yes. go ahead give me a little -- tell me. >> he runs the kuds forces. >> right. >> do you think that kurds -- >> they've been mistreated by us. >> noted kurds but the iranian bad guys. >> yes on the front of islamist demandinger i'm looking for the next commander in chief to know who -- do you know players of that escort card yet donald trump? >> honestly bit time we get to

office they'll all be gone. i knew you were going to ask is me -- >> i don't think i got you questions not trying to kids you. >> that's a got you question when you're asking me about who is running this, this, that's -- that's not i will be so good at the merle your head will spin. >> a class pick trump interview college republican president l alex smith joins us now welcome to the program. a lot of millennials support donald trump do you think you put trust in there? >> i think he needs to keep a few things in mind. millennials are tuned into the race, and to the extent that they are terrorism and outside threats to the united states is not their top concern it is undoubtedly the economy. they're living in the basement unable to have credit card bills so i think to the extent that they are tuned in is a different issue.

that being said what mr. trump offers is awe then authenticityt matters very much to millennials. i think that overall given what happened on raid show yesterday is that millennials care little about how one particular host treats any particular candidate and how that candidate will treat them and opportunities they're going to create for this generation. >> qhab trump's striel that would apply to plane yals referring specifically to the press conference that he gave yesterday. he answered i think 29 questions in 26 minutes he answered all tm straight on you, you, answer that was refreshing to say the least when it comes to politicians doing press conferences. millennials like that? >> absolutely. did matters also transparency and hillary clinton on the other side of the aisle untiebl take a simple media question and unable l to answer basic questions

about her handling eve her personal e-mail and server that she had. so ting that there's a big contrast there, i think that's where donald trump could absolutely score points with millennials. >> are things improving for you for republicans on college campuses? i know that you've had a hard time for a couple of generations. i'm wondering if things are beginning to change. you get a little warmer reception on the campus these days? >> warmer that identifies independence more than any other political affiliation out there. so a huge myth out there that they are liberal and therefore shopght reach out to them. our demographic reality suggest they'll decide the next presidential election and b a huge opportunity to win them back. you know, your previous guest carly at a town hall in new hampshire said there's no better than being a college republican and standing on that campus. these are our warriors out there on front license i hope more

candidates like carly fiorina, and donald trump go to campuses and help them out. >> really. alexandra smith republicans thank you. appreciate. where on the dow down 200 ponts that's right we stabilized happens a lot these days you get to the part of the trading session you get through that to the middle part of the day and relative stability. what happens in last day of trading that's an entirely different story. adam is here with what's with twitter what's going on? >> twurt went positive. it is trading pup right now. waiting for news about the board and name the ceo could it be interim ceo right now they have not announced yet but twitter is trading up barely positive but one of the few stocks in the green. >> how about arch coal tell me about that one. >> huge loser but could have made a lot of money on it. down 8.5%.

>> george had bought arch coal. now i don't know whether he sold it or not. why's it down so much? >> china is slowing down if you were in this trade over this volatility past couple of weeks that is high as $11. >> that's right. could make some money. >> all a inning isn't it? how about netflix where are we now down 100 per share and 98 or come back a little. 99, 9 the 0, with still down a buck on that one. any news on this? >> wait a minute average netflix user spents 90 minutes a dine netflix. more than they're eating. >> yes, we eat for 70 minutes a day on average but to a dinner. and spend 49 minutes day reading everyone is watching, streaming, we don't read as much. >> hour and a half on netflix. >> more thing we do is sleen f sleep and work.

>> netflix will face a lot more competition. >> you've been talking about a it will getting into streaming. you've got hew lee. a lot more services chipping away in that. hog bandwidth. >> you're not watching television fun funny but time for the sector reports stocks are taking a beating watching energy secker to today. look at this please. consult energy lauren detail that one earlier. way down, and nrg exxonmobil. chevron, conoco phillips down at this dividend on conoco is 237 or -- 7 or o 8%. you love that dividend yield right now is 6.2%. i would take that "star wars"

fans getting their hands on the new movie cools out in december. why would a grown man stand online all night to buy toys? we'll ask one of them. he's in his 40s he stood online, after the break, soon only the show you'll meet him.

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>> i'm nicole petallides with your fox business brief. dow jones industrial average down 220 points a loss of 1 ppts 3%. seeing major averages down more than 1% each and s&p and dow. nasdaq down about half of a percent after jobs report showed jobs added weaker than expected. however, the talk is could be good enough for feds to actually raise rates in september. right now, they've lucked out janet yellen there. to the fear fin dex to the upside today. up over 6% at the moment, and as if noted led lower by goldman sachs. caterpillar and exxon big laggers. netflix a loser of the week down 16%. six straights day of losses for second time in more than a year. we want you to start your day every day at 5 a.m. for all of the breaking news of the morning.

sandra smith, lauren simonetti and i kick it off.

>> holding with a loss of 220 points and dow jones industrial facebook where? what's going on? adam . >> trading today look last week everyone was cheering you were one of the billion p one billion

users but where do you go from there? the face is slowing for facebook that is like -- creating problems for facebook going forward . on the other hand people getting their message service what's app they call it, i gave in to 900 million. i'm one of the people who gave in. [laughter] got it. >> now piece you've pawls been waiting for. i know, i know. geeks "star wars," the force, that's the name of the movie "star wars" force awakens that's the movie. the toy it is related to that movie went onsale overnight. movie is not out until december. estimates say toy sales could tom $25 billion in the first year. "star wars" superfan online last night this is a picture of a bunch of full grown man, adults waiting to buy toys. standing in line all night long. mike there he is. mike joins now. okay, i know you're going to tell us what you bought but first of all why on earth is a

man, of your age i believe you're 42 what are you doing waiting in line all night for toys? >> well, what does age have to do with doing something you love. it's "star wars" guys of what my generation grew up loving passionate about pop culture, movies and collecting things. wait nlg line is kind of like the star® tradition anyway. you meet new friends you spend money e you shouldn't spend. i'm fine with. what did you buy? show me what you bought? >> so big -- yesterday was the -- target store in miami, and target has exclusive remote control bb8 it is the new generation of "star wars" 's favorite droid. >> one second the bb8.

you bought one, it is a mobile thing that goes arpgd the room. how much did you pay for that? >> yep. >> 79.399. what a bargain next item. >> a bargain if you look at ebay double the price right now. so we've got couple of 12 inch action figures new bad guy in the movie. i was lucky to get these. 25*9 in line. shelves have been plunged by fans getting ten toys at a time or lucky to get those. >> giving away to children or relatives or -- going to keep an eye on the shelf in your living room or something? >> a lot of folks who are in line yesterday were messing with them. i like to, you know, have fun with the toy there is. remotes control -- i'll be messing around with help

hoping two yng daughters get them to friends's sons who trying to pass on to my friends' kids. >> i went to see the first "star wars" movie in san francisco i think like 1977 or '78. that year it came out. i was there. i watched it. do you know what, mike i kind of grew beyond it. why do you go back to a movie that is 30 odd years old? >> almost 40. it's -- the greatest fantasy adventure story in movie history. it's got three unbelievable movies. prequel not so much. but the universe is so -- it is so fin credible the characters so classic come on. what young kid doesn't want to be solo when they were that age. come on. >> coolest spaceship got girl. come on. >> all right mike so sorry flat

out of time. but great having you on. i didn't mean to make fun of you. thank you. >> thanks for have having me on. more about your money in just a moment. can a business have a mind?

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>> so we're on the eve of a three-day holiday weekend and drivers are expected to hit the

roads in force. those of you travel willing see gas prices as low as a they have been in more than a decade jeff flock is one of them. what are you seeing and what are people saying? >> oh going to get a real bar begun out there adam amazing along the dan ryan expressway of downtown chicago, and i tell you take a look at the last five labor day periods. september fourth this time five years it has never been cheaper down to 2.42 a gallon, a dollar cheaper than most of the other years, i tell you if you look at the trend regular gas chart, down, down, down after that little blip up the biggest refinery issue in the midwest and east coast and if you overlay price of crude oil compared to gas, it didn't come down as fast as we thought but crude jumpled in last few sessions in the last week that is not reflective at all. according to those who know it will not be. aaa says adam we save a billion

dollars this weekend alone on gas compared to last year. pretty good. >> jeff flock who drives the 450sl. more of varney, next. ..

stuart: donald trump held a news conference, we are not used to this kind of news conference. it was shall we say in different. the answered any and all questions and when he didn't know enough to answer he said so 80 answered the question head on. politicians of an answer the question they wanted to have asked, not the one that was asked. what about kanye west? i love the guy. tom brady is a great guy. hispanics, i love hispanics. jeb bush is a low energy person and i don't think that is what the country needs. as you can tell he was short and to the point. neil cavuto times his answers. they average 30 seconds. he took 29 questions in 26 minutes. at the last presidential news

conference mr. obama answered ten questions in one hour and eight minutes. here is my question. when was the last time you sat and watched president obama answer questions? do you pay attention all the way through? did he really answer the questions? admit it, you were bored and probably switched channels with trump is different. he is at the very least entertaining and that entertainment factor brings people into the e shoes. he is not politically correct. the exercises free speech the way it ought to be. we are not used to this but apparently voters like what they see, right before the news conference yesterday the poll showed him with 30% support. nobody else was close. ♪ stuart: we are holding at a loss of 230 points for the dow jones industrial average.

there was a weak jobs report earlier this morning, 173,000 new jobs came out, were created in this society and the participation rate stayed at a generational low of 62.6%. it was a week. stocks are weak, but that netflix dropped below $100 a share, i will give you crude-oil, why not, $36 a barrel, there you have it, down $0.32 and netflix was a big loser recently, was down $99 a share this morning, that is 1.9% lower. disney, can i see that, where is it? they have their merchandise from star wars going on sale, guys lining up all night for it, it is down $0.41, not much, 101 is the price. author of the book democratic left is harry dent and he joins us now. well known as the bear on this market, has been forecasting the 6,000 level for the dow for

couple years. make your case as to why this market is going to go straight down. >> we have been on your show and others and telling subscribers we have been in the final stages, stocks have gone straight up in that narrow 10% channel, very bearish when it breaks and it broke friday before last, get out of the bubble early, don't wait for the last 2% 44%. when bubbles break it can be dramatic, china was down in three weeks, 42% recently. i am saying fire as a high chance in the crash season which is typically mid august to mid october is that the dow could be down 35%. you can see the dow down 4800 to 4200 in six weeks. the first wave continues and is continuing today, jobs report could have been seen as a good sign that the fed shouldn't

raise rates. stuart: if people get out of stocks, gold or united states treasuries, what do they do? >> we want people on of gold since 2011, they're the worst place to be, the biggest trend in the world we have been saying, china has been slowing, emerging commodity has been crashing down 50% to 80%, that is because july is the biggest consumer and the manufacturing machine is breaking down as we have been warning for years so that is the first sign but eventually this is going to back a. one thing it does, you going to high-quality bonds, go into cash, you let the bubble burst, that is what joseph kennedy did in the early 30s and made a family fortune. stuart: so do it. >> don't jump higher yields, you get crucified. stuart: sell it now, get out of

it now. >> he told subscribers yesterday don't look at this bounce. take advantage of it. we don't know how it will go. stuart: get out on every bounce. >> this is dangerous stuff especially into knit october. we don't see much by manitoba we will reevaluate but the market could be lower in six weeks. stuart: you are on tape and that tape will be replayed endlessly on this program and elsewhere but we do hear you and thank you for being with us again. i will move on to politics. he will not run as a third-party candidate, he will support all of the republicans on the field, donald trump take the pledge. watch this. >> i have signed the pledge. [applause] >> so i will be totally pledging

my allegiance to the republican party and the conservative principles for which it stands and we will go out and fight hard and we will be in. stuart: we have some more news on why donald trump signed the pledge. charlie gasparino has the story. can i give it? steve wynn. >> the casino mogul. stuart: he advised from, get out and signed the pledge. did he? >> he said you should announce, you shouldn't run as a third party. steve wynn and donald trump have known each other 30 to 40 years. if you go back and read the story i wrote on foxbusiness.com you will see the criticisms they have thrown at each other over the years. he called him stupid. let me back up. they are now very close friends and donald has been talking to him from what i understand what lately about it. why does he want him to do this?

simple question, simple answer, he has supported democrats and republicans over the years just like donald. tivo did for president obama in 2008. he has seen the leftward tilt of the party goes so dramatically to the left steve wynn now believes a republican should be in the white house legal the donald trump third party race, look at the simple math, would be disastrous for the republican -- and i tell you if there is one guy donald is listening to, a fascinating profile about donald trump's campaign manager, corey lipidowski it doesn't really manage donald but dances around him. donald doesn't listen to anybody. maggie wrote it was fascinating, somebody he does listen to lately is steve wynn.

how much, he obviously hasn't listened to him on let's deport 11 million immigrants because i can tell you he is against that part of it. stuart: donald trump has to sign the pledge and if he didn't sign the pledge he wouldn't have gone on to the ballot in south carolina for example. he had to otherwise he is not there. >> i am not -- he loses south carolina. he could still win just about every other state without signing it. the way these polls look now particularly the fact there are 17 people and most are pretty serious people so they rack up the republican electorate. because he has the biggest mouth in the south this guy is going to win a lot of states. what we need, we need to talk to donald trump's senior campaign adviser immediately on fox business, steve wynn. stuart: thank you very much indeed.

the "national review"'s johnson who wrote the piece about conservative donors longing for the return of mitt romney. now that donald trump has signed the pledge it looks like mitt romney is completely out of the picture, isn't he? >> i think these romney donors wanted him to get back into but the chaos from has created to rest. now that from has signed the pledge. stuart: it looks more inevitable. the man has 30% support in iowa, in front of every other candidate. in the washington post he looks inevitable. surely mitt romney is not going to jump into that. >> it is unlikely he will jump back in but what people are overlooking, and on from vote, 70% of republicans who are not supporting him, that will start to consolidate after some of these debates, a long time,

candidates begin to drop out and 70% of people opposing trumps and 40% of people supporting from. once it starts to consolidate between one or two candidate will be more difficult for trump to move ahead. he will start looking less inevitable as we progress. stuart: during the campaign in 2012 mitt romney refused to go on the attack. you wouldn't go after president obama. he held back. we have subsequently seen that as a mistake, trump does the exact opposite. he will attack everybody and anybody, right at the man that has been successful. do you think mitt romney might have learned a lesson from donald trump? >> it is a thrill for so many republicans to watch. he also happens to be a world class in salter. he says you are a loser, you put people to sleep and there's a grain of truth in what he says which is why it is so much fun to watch him. none of the candidates managed to figure out how exactly to

respond to the insults trump hurled so successfully and so much frustration in the republican establishment watching the chaos and seeing all the other candidates struggled with how to respond to him. stuart: he answered 29 questions in 26 minutes and handle them all directly and answered some times in one sentence. did you like that style? >> i am with you. there something arresting, someone who is totally authoritative and in command. he is a loser, he is an idiot. never see it from a politician. it is very refreshing and start to understand why people are responding to from the way they are. stuart: thanks very much for joining us, we appreciate it. good luck. by the way coming up on this program republican candidate governor mike huckabee, alaska him about the county clerk in kentucky who refuse to sign off on same-sex marriages.

would like huckabee go to jail like that clerk? he is on the show at 11:45 this morning. last hour i interviewed republican presidential candidate carly fiorina. here is what she said about china's official state visit with president obama later this month. >> in this state visit we ought to be i fear president obama will not, but we ought to be talking very seriously about their failure to protect our intellectual property which they agreed to do when they joined the wto and have never done and we ought to be talking with them as well about perhaps asking them to play by the same roles that they force us to play by in their marketplace. we are their largest market. that gives us a huge leverage. stuart: carly fiorina said no, she would not cancel the of premier's state visit to the united states. >> she is absolutely right and i really like her. i think she talks story,

delivers it, she has got it and is critical of the other candidates too. stuart: when you do in interview on the phone on television is difficult for a person on the phone to stand out and project and told the audience but i think she did. >> i think she did too. i've listened to every word of it. stuart: that report on china was straightforward. >> she is winning by being who she is and staying on message while everyone concentrate on donald trump. coming up and up in the polls. stuart: eyes would you attack him? she got around that. i don't think she will. >> why would you attack when you are rising, let everyone else do that. stuart: i asked would you consider him as your vice president? >> she wouldn't answer that. warner: won't pick anybody at. perfectly correct. the nfl season kicks off next week. you know that? fantasy football is big business. we're talking billions of dollars. the ceo of drafting as up next.

stuart: we are still down 240 points as we head to the middle of the session. we are at 16-1 to be precise. ali baba, what is it up to? >> it is not up. jack ma is borrowing with other investors $2 billion in using their own stock as collateral. what they intend to do with that money they haven't said that they have a line of credit in ali baba stock. stuart: that is interesting. your stock is collateral for a loan has gone down. >> it is going to be interesting to see how they do this, credit suisse, morgan stanley. stuart: it is down 63.

the nfl season is about to kick off. the two biggest players on the fantasy sports arena would be draft kings and fan will. they're battling it out. those two companies have shelled out a combined $110 million just this year on tv ads. 110 million for two of them? the sport may be fascinating but the money is anything but. looked who is here, jason, $110 million between you and fan jewel. >> some of the big brands are spending more. stuart: total outsider business which i never played any fantasies for whatsoever and you are right in the middle of it. i didn't realize there was so much money involved. >> fantasy sports are popular, 56 million people in the u.s. and canada playing and only 5 or 6% of the have played daily fantasy sports games so far so a lot of opportunity to get

introduced to new people. stuart: how do you make your money. let me see if i got this right. i and a group of friends get together, and they have a fantasy team, you hook us up. is that right? >> you don play on teams but against other individuals. they could pick a group of friends if you want to or play by yourself, you put your guys out. stuart: where do you make the money? >> we take a commission and the games you guys play against each other. stuart: you are in the middle. >> i guess. stuart: if that is the correct expression. >> not an expression i prefer. we prefer commission. stuart: looking for a very big season. >> it is going to be huge. >> does it have to do with tom brady? >> tom brady highlights exactly what the daily game in draft kings provides. it is irrelevant but if he had

been suspended the big debate in a season long league is a light draft him, i am stuck with him all year. he will be back later. to i waste a kick, with draft kings you have to make that decision, does not select brady or pick him in week 5 if you want to. stuart: where are you going with draft picks? they you see a public offering of stock or are you going to be bought out via big network of sorts? >> we don't try to think about those things. stuart: with a straight face. >> sometimes you daydream a little bit. if you build a great company, you have something of value whether it is a public offering. that is not a bad outcome. i don't get caught up in what the outcome is going to be, i try to shut it off and focus on growing the company. stuart: why did you do that?

you could make a billion dollars? >> i couldn't make a billion dollars with i don't think i will. stuart: draft kings is worth well over $1 billion and will be worth a lot more than 1 or 2 or $3 billion and the have a big chunk of the action, a piece of it. >> i do but not as large a piece is you think. we have lots of employees. stuart: i would imagine you leave 10%. am i right? less than 10%? are you one of the founders? >> i am. stuart: when you have less than 10%. >> two other co-founders. we have to share, an executive team and many employees. stuart: and you brought in $2 billion and have a 5% stake, trying to do the math here. that is $100 million and more. >> if i had a 5% stake that would be something. stuart: no chance of an ipo? >> i wouldn't say that. i just don't think right now --

we are less than a week before nfl season. everyone's mind is making sure we have a successful nfl season and after things are under way and i have time to come up and take a breather i will give some thought to that but we are major focus. stuart: you do fantasy soccer? >> we have fantasy soccer and everything. nascar. stuart: is it football right and out front? baseball, what is the ranking or popularity? >> football baseball and basketball are the biggest. hockey is popular. golf has become popular. nascar. stuart: how can you have a fantasy golf? >> a lot of statistics people accumulate during the gulf tournament, same concept as any fantasies for, pick a team of players, over four round of tournaments and fantasy points. stuart: you have opened my eyes. >> you should try it out.

stuart: do you have fantasy cricket? >> not yet but we will. stuart: when you say confident we will. >> oh yes. 1 billion people will be watching the cricket world cup. that is a big market we want to be part of. stuart: you got to get into the creek at market. let me tell you. jason robbins, stop laughing, thank you for joining us. it was great, thanks a lot. europe, yes indeed, facing a crisis of monumental proportions. hundreds of thousands of middle eastern refugees banging on europe's door. they want to get in. islamic terror a very real threat. here at td ameritrade, they love innovating. and apparently, they also love stickers. what's up with these things, victor? we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create features that as traders we'd want to use, like social signals, a tool that uses social media to help with research.

10,000 suggestions. who reads all those? he does. for all the confidence you need. td ameritrade. you got this.

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see car insurance in a whole new light. liberty mutual insurance. stuart: you could call this stability. that is where they are as of now. the european migration crisis. i asked former u.s. ambassador john bolton for his take. >> europe has faced flows of economic refugees from north africa and the middle east for some time. what you see now are vastly increased flows what is to be syria and iraq. caused by the chaos, syrian and

iraqi states. stuart: crisis in security, and gerri willis, what the thing? gerri: the biggest refugee movements since world war ii, what has been massive movement of muslims from africa, eastern europe into western europe and this is not working. this could be cover for isis. stuart: what is europe going to do? literally -- i think you say this will lead to the breakup of the e.u. and that might be good because then you can close the doors. stuart: how do you close the doors? they are coming on all fronts and desperate. gerri: the doors are wide open. get on a train and ride across europe. stuart: not now. they are doing what they can. they are trying to get on a train in hungary to get to the austrian border and across the austrian border.

>> don't we have to do something with this theory in civil war? >> the solution is one that won't take place, there has to be an international leader, on the scale of margaret thatcher or george w. bush senior to organize international response to stabilize the middle east. the people fleeing are terrified of isis. you got to stabilize, there is no international leader and a population of the western world's don't have the stomach to do the only thing that can say. stuart: can't stop our flow of refugees into the stop isis and kill it, you can't. it is a crisis of monumental proportions. i am going to move on. and openly gay muslim man goes on a pilgrimage to mecca in saudi arabia where it is illegal to be day. he risked his life for his religion and is here to tell his story in a minute.

>> in three days i before saudi arabia. >> a decision made in saudi arabia. >> i'm going there to complete my hodge like millions of muslims before me. >> one of the most repressive countries in the world. >> i am going there. an act that is punishable by death.

stuart: i think this is the low for the day. we are down 270 points. barely holding. as for the price of oil not that much movement, we're down $0.70, $46 a barrel. here is good news if you're hitting the road, the national average for regular gasoline is $2.42, down a little bit more overnight. we are happy about that. check out this picture isn't to is by a viewer with the twitter handle innocent bystander. $1.99 at a station in virginia. keep those pictures coming of cheap gas. we want cheap gas on our air. to the markets might next guest says he sees a big downside risk for the rest of the year. welcome bluestone financial's jason o'donnell. i take it you would be selling at this point? >> in the broader equity

markets, there is some real concern on our part. we had at spate of economic data across emerging markets particularly in moonshine and elsewhere the leaves as a middle bit concerned. if you think of what we are seeing today the market is getting 100% this idea the interest-rate increases are coming, 25 basis points in september and october and so we think there's a lot more downside risk than upside potential at least in the broader equity markets. stuart: the big debate is is this correction or is this downside move a v? or is it an l? you are in the latter camp. >> if we get a correction that is more material in nature, whether it is 15% or 20% full back, i think it is relatively short-lived.

if you look at what is happening, economic data generally has been pretty good. it was a little bit soft but we have a strong revision to the second quarter gdp number and i think there is not really a credit crisis in the united states. we are seeing what we saw in the last recession, a credit driven capitol driven crisis at least in the financial services sector and we don't have that today. i expected to be relatively short-lived but we are positioning the portfolio for some type of more material correction. stuart: we are listening carefully to you, we like what we cheer, you are giving reassurance to our viewers who are about to sell everything. short on time but thanks for joining us. now this. the pilgrimage to mecca, saudi arabia, known as the hajj, a deeply religious and private experience. all muslims are encouraged to make once in a lifetime. at great personal risk my next

guest covertly documented his hajj with an iphone. adding to the danger he is an openly gay man which is punishable by death in saudi arabia. watch this. >> in three days i leave for saudi arabia. >> made in saudi arabia. >> i am going there to complete my hajj. just like millions of muslims before me have. >> saudi arabia is one of the most repressive countries in the world. >> the difference with my hajj is i'm going there as an openly gay man. that is punishable by death. stuart: joining me now, a sinner in mecca, a filmmaker documentarian, welcome to the program. why did you do this? >> it is a deeply religious calling but there were political reasons i did this and the main was to expose saudi arabia's version of islam.

stuart: you are openly gay. that is punishable by death in saudi arabia so you took great personal risk to do it. why did you take at great personal risk? that is over and above your religious duty to go to mecca. did you feel some kind of duty to reveal what was going on in saudi arabia? >> absolutely. i don't think the film is about homosexuality in saudi arabia as much as it is about the problem with the doctrine in saudi arabia. that is what the film is about. and talks about that, the fact that the ideology of isis is taken from that doctrine. stuart: a deeper point you are making, i took this as a gay man going to saudi arabia at great personal risk, in saudi arabia. you're taking it further. you are exposing their links to terror which is a deeper

subject. >> talking to the president and pretty upset that the u.s. and iran get together, the film makes that case strongly. what i'm trying to do is to say that the dangerous ideology saudi arabia exports, to all corners of the muslim world isis and al qaeda, is really a problem with islam today. stuart: a link between the doctrine, direct link to isis, terror, the doctor of terror from isis? >> it is well documented at this point in time. it is not a spiritual link but the idea of islam engage in

violent warfare. what they think is jihad, all of these things come from their doctor and in saudi arabia. and carrying out public beatings and we don't talk about that. stuart: did you see one of these? >> no, i was on the pilgrimage. stuart: how was it trying to film on your iphone? you take pictures inside mecca? >> i call it my saudi silty phone because that is what i did. you are not technically allowed to take pictures but it is the 21st century and everyone has an i phone so people do. i attract a lot more attention because as a filmmaker i would stand in a particular spot for a long time. stuart: were you challenged? >> for the religious police, they deleted my footage. stuart: when you made no mention

you had no -- your sexual of money was not made known to anybody in saudi arabia? >> is usually not on display. a google search, is just a google search away. they could have known very easily who i was because of my previous work but i slipped through the cracks. stuart: did you ever feel they were on to you? they were about to get? >> i was terrified. i had a lot of fear and it took a lot of courage. i was there for two weeks. stuart: the name of the movie again? >> sinner in mecca. stuart: it is a documentary. and that is you. you are the sinner in mecca? >> yes i am. stuart: a pleasure having you on the program, you are a brave man. thank you. i want to check the dow jones industrial average, where are we now? down triple digits, not quite the glow of the day but pretty

close, we are down 260 points. a long weekend is to come when you own stocks as you go into a three day we can. a lot of people say no. back in a moment.

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who go to jail for religious principle? >> angela did. stuart: in that position would you refuse to give a marriage license to gay couples and go to prison for it? >> because there comes a point at which you have to exercise what you believe is your conscience. if your faith is so small that you would sell it for your job or for any thing than it is really not a faith that is the foundation of everything you are. stuart: the supreme court says this is the way it is in our

country. >> the supreme court said in 1857 that black people were not human. abraham lincoln didn't agree with that, thank god he didn't follow that logic the had, the law of the land, nothing i can do. stuart: a distraction for your presidential campaign? >> it is not a distraction. this whole issue points out how far this country has drifted from the rule of law. i hear people say the rule of law. the rule of law is three branches of government. we learned that in ninth grade civics and the supreme court cannot make a lot. they can read you a law, interpret one but jefferson, hamilton, lincoln, jackson all were very clear. jefferson words were if you have the supreme court in essence making a lie you turn the constitution into and i quote a thing of wax. the court makes the decision but the people's elected representatives need to enable and empower that decision by legislation that code of fis it.

exactly what statute did she violate? in fact there are 75% of the kentucky voters voted to affirm marriage, nothing in the federal constitution says a word of marriage. stuart: what i want, me personally, what i want is a campaign based on prosperity, return to growth, united states economy. what you are talking about is a distraction. you are arguing over something the supreme court has said this is the way it is. you won't get that change anytime soon. we want prosperity now. >> if the decision had gone the other way, 5-4 decision in favor of traditional marriage, that is it, the law of the land, would that have happened? stuart: no but i don't think the left would base their campaign on that issue. >> i believe they would have made it a centerpiece. i would love to talk about

taxes, i would love to talk about national security and on the campaign trail i do but when you have account the clerk put in jail without bail in the united states of america, i have seen the accommodations given to the detainees in gitmo who are terrorists, we put arrows in the cells so they can point towards mecca to pray, give them meals every day so they are able to accommodate their faith and yet we have a county clerk in kentucky who is in jail with no bail? john wayne got bail, jeffrey dahmer got bail, the boston strangler got jail but a county clerk in kentucky doesn't, there's something wrong with that. stuart: twenty-second left. if elected president give me a tax cut? >> i will do better than that, we will pass the fair tax, we will not tax your productivity ever again. you will just a tax at the point of sales and consumption and debt will transform this economy. stuart: we should have been spending that -- >> that is what we will do.

stuart: it was a pleasure. thank you. stossel, question for stossel. organized labor be recognized with a national holiday? what should labor day be called? he has some ideas. you're late for work.

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stuart: monday is labor day. some people think we should not celebrate organized labor. earlier i pose the question to you the audience what should we celebrate instead? a few of your responses will appear at the bottom of the screen throughout the following interview. john stossel is that interview guests. what would you celebrate instead of organized labor? john: it is not organized labor day, it is just a labor day. stuart: it was pushed by organized labor. john: but now they are tiny. we have things to change in america, we got to change holiday? it is labor day, just stop calling it organized labor day. stuart: when you have no problem with labor day? john: it is not submitting these unions which killed one person and her ten. stuart: unions holding the parades? john: yes. but they are getting smaller.

free enterprise day? stuart: i would take that. how about columbus day. would you abolish that? john: indigenous peoples day? stuart: i you going to build an entire show about complaints about the name later date? john: this was your subject. my entire show is about a lot of things the market can do the we think only government can do. stuart: put that on screen, small business owners across the usa today day. john: not achieve. stuart: we should celebrate the american work ethic. what is the name of the day? john: work ethic day. stuart: americans work. john: find purpose day. stuart: now you are talking. john: especially men. stuart: is there any holiday you would cancel, rename and stop it being a monday off for federal workers? john: no. stuart: that is the purpose of these holidays. john: have a day off, that is how it works.

they get enough time off. we don't need more. stuart: now you are talking. what is the show your going to do tonight about? john: the things the market does the we think only government can do. the constitution, the courts, the post office, we learned about the accords, private courts, arbitration, cheaper, faster, at ubs, said. to the post office. what about fighting wars? mercenary soldiers. of the one i am all for it. john: we praise the hunters, not the one that killed cecil b. lyon but hunting for money is the only thing that will save animals. stuart: the guy who called the top of the market i asked you months ago and you said yes it is. john: i was lucky. stuart: stossel tonight at 8:00, see you then, more varney after this.

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>> but you're cheap >> yes. >> you folks on penny movements in gasoline. when do you open up your wallet? when do you splurge? >> i never splurge [laughter] >> this is why you're a wealthy man. you just answered my question. thank you very much, my friend. but he watches every penny. well, a lot of folks are losing lots of pennies in this market. welcome, everybody, this is coast to coast and we are losing all of the ground that we gained since i came back. no, thank you, america, don't pin this one on me, pin it on