and ann romney, it kicks off on mornings with maria. "varney & company," stuart, you have a big show next. stuart: yes, we do. maria: over to you. stuart: politics, your money, putin and cost troe, making headlines today. why have we got a show for you. good morning, everyone, let's start with this. with joe biden run? if you checks the polls, he might. he beats jeb bush. hillary does not. does it come down to this. if biden runs the democrats win, if he does not, the republicans win? what a question for the veep this morning. all right, money, white-knuckle time after the big stock drop, today a warning from carl icahn. danger ahead, he says. and then there are foreign tyrants, an awkward moment when president obama met russia's president at the u.n. and today he meet's cuba's raul castro who wants reparations for sanctions that we imposed a long time ago.

on a lighter note, would you pay $400 for a machine that makes expensive soda in your own home? keurig, that is, is hoping you'll say yes. and "varney & company" is about to begin. ♪ tuesday mornings, where are we going to open up, about 70 points, we should be holding above 16,000. we will see. that's a key level. let's see how we close today. that's perhaps more important, but a very modest pickup at the opening bell today. now, there are a the lot of big name stocks that big big hits yesterday. they have stabilized. amazon down 4% yesterday, set to open maybe a couple of bucks higher. facebook also dropped 4% and it's going to open up, maybe just a few cents. i'm going to call that stable. netflix, 3% drop yesterday. where is that one going to

open? well, no, that's the wrong one. that's a totally different stock. but i could tell you now, netflix will open a slight bit higher. starbucks, also down 3% and it will open maybe a buck higher. maybe 50 cents today. so no big rebound, but no further losses for the stocks that took a hit yesterday. and market watcher lee munson is with us. lots of worry over a crash in the air. carl icahn issues this warning, danger ahead. people are asking me, should we sell? because there's all of this crash talk in the air. what should i tell them. what should i sell? >> carl icahn, he and i both were buying report mcmoran. i think you don't sell here, you take every opportunity here, stuart, to sell if we get some sort of santa claus rally or if the tide changes the next few months, but i think we're in the jungle until april.

i think we're in a bearish market. that means you can buy on the little dips and raise a little cash, but you've got to focus on the dividend payers, you can't focus on the momentum growth here on out for rest of the year. stuart:'s he done a good job of hand holding for our viewers, that's a question i get. a lot of nerves out there. i mean, all of this talk about a nasty crash coming, but you're saying don't get out, don't sell. and look for opportunities. buy some dividend plays and away you go. that's your point of view? >> yeah, that is a garden-- this is a recession, guys, it happens all the time. >> it's not a big deal. some big global crash, have we not been global crashing since august 24th. people are looking for this thing. this is the party that we're talking about. stuart: all right. lee, stay there. you'll be back for the opening bell at 9:30 this morning, lee munson, everyone. the latest poll says that joe biden performs better in matchups against republicans than hillary clinton. katherine is with us. it sound look this is a nudge

to joe biden, hey, come on, joe, run, please. >> he definitely should. i know that when you actually run, you get vetted a little more closely. people get a little more sick of seeing your face everywhere, you generally don't do as well as if you're a fantasy candidate. hillary is a nightmare. i'm sick of her face even before she's running for president. she's the worst, she's a liar, she's boring. joe biden, faced a lot of tragedy, sympathetic, and seen as transparent. stuart: do you think he should run? >> i would. it's the perfect time. hillary is bombing, she's bombing. stuart: what do you say to the following proposition, if joe runs, the democrats win. if he doesn't run, the republicans win. >> i think the republicans have

a way better chance if he doesn't run, you never know once he starts getting vetted. i don't know, maybe joe biden has crazy skeletons in his closet, i don't know him well. stuart:'s expose. ashley: the alternative, hillary clinton who is bombing and bernie sanders, a solid, 30, 35% of the polls, but really is he electable as president? your alternative right now, joe biden. >> polls show that hillary would absorb a lot of his support if he doesn't side decide to run. and people in politics, nobody likes hillary. stuart: a fascinating question for the democrats. you want to win who is your best candidate and will your best candidate run? >> so sad, it's an old white guy. and pretty bummed about that, but looking like it is. stuart: thank you. stick around, i'm sure there are other issues that you love to pass judgment on. >> always, my favorite. stuart: now this, president obama meeting with cuba's

president raul castro. he thinks, that would be mr. castro, he thinks that the u.s. owes cuba millions and millions of dollars for reparations to are decades of sanctions which we imposed on cuba. ashley: good luck. it began in the 1960's when the u.s. began sanctioning. he failed to fess up that the cuban government has been keeping their population down in essential poverty for all those years, denying them free access and blames the u.s. for everything. stuart: sanctions produced the poverty in cuba, not the cuban government and communism. he's meeting with president obama. ashley: second face-to-face meeting. stuart: he's going to say you owe us of millions of dollars, what's he going to say. >> sure. >> checkbook. stuart: what you have here is

cuba demanding reparations from america, but at the same time cuba owes billions of dollars to people whose property was confiscated and didn't pay their debts. can you see a deal here? you forget about reparations and we'll forget about your debts, that's a wash, i can see president obama doing that. ashley: possibly. it sound like something he would like to negotiate, but i'm not sure-- >> i could see him doing something worse, he's not the best negotiator. i'm sorry, yeah, you're right, we feel bad, very bad. very nice country. ashley: how would the exiled cubans feel about the property and land and everything they lost. stuart: supposing we pay them off and. ashley: oh. stuart: suppose we pay them off, suppose we did that. ashley: u.s. taxpayers make up for the cuban government. >> every country and every government. stuart: purely hypotheticals here, nothing more than that. ashley: good. stuart: next headline. right. here comes elon musk again

unveiling an electric tesla suv. unveiling it tonight. lauren has the details. >> tesla is launching the model x suv, that ends a two-year delay. you can't deny it, look at the car, it looks sharp, but yet, you pay for that. the model x topping out at $132,000. we don't know the base price just yet. tesla placed 30,000 orders for model x thus far and in the near future, it's going to be the only player in the high end electric suv market. and netflix is revealing the switch or the netflix and chill button. it lets you get creative, you get your netflix experience, dim the lights, silence your phone. stuart: what? >> even order food. stuart: wait, wait. ashley: whoa, whoa. >> it's a prototype, a way you can create the switch which is pretty old school like a wooden

box with a metal switch. stuart: my kind of switch, called the varney box. >> to personalize your netflix bingeing. stuart: an on and off. >> i saw it, one on and off button. correct. a company for brewing your single cup of coffee, keurig green mountain. and the new machine is called kold with a k. only on-line. it costs $300 and spend money for the pods you put in. stuart: wait a minute, as i understand it you get the little pods like you're making coffee, but-- >> put it in the fridge. put your coffee in the fridge. >> sodas. >> little pops of soda, coca-cola, dr. pepper, but an eight-ounce soda from the keurig machine will cost over $1, right? >> about a $1. >> it competitive coke from a can. >> creeps me out. >> isn't the soda industry as

whole declining? >> they put it on store shelves and it won't sell out right away and therefore they won't have shelf space, and so therefore it's a mess. >> actually, ashley-- . i like how you think. cocktails. >> you could, comes out cold, you could fix, you know-- >> i have to look into that one. stuart: i can't believe we spent two years speaking about a keurig $300 machine. >> have you keurig stock or something-- >> i'm anti-taking my stance. stuart: and tune in 5:00 eastern time and you'll see lauren simonetti and nicole petallides on fb in show. and donald trump's plan. >> and stephen piscotty

collided with a teammate and his head hit the other player's knee. he was carted off the field on a stretcher and taken to the hospital. he suffered a bruised skull. okay, i think we've run the tape. he's out cold. here comes the stretcher, carted off the field. >> he drills one, he's on the move and makes the grab and then collides with piscotty. you wouldn't take medicine without checking the side effects. hey honey. huh. the good news is my hypertension is gone. so why would you invest without checking brokercheck? check your broker with brokercheck. for my frequent heartburnmorning

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cme group: how the world advances. >> how is this for a way to start the block, an airbus landing in a strong cross wind in dusseldorf airport in germany. that video has more than 2 1/2 million views since it was posted on youtube. we're told that this kind of thing happens more often than you would know about. how would you like to be on that plane. ashley: that was-- >> and then watch the video

shortly afterward. how would that make you feel. ashley: take the train home. stuart: drama nonetheless. donald trump unveils a tax plan live during our show yesterday. i would say it's very reaganesque, can we put up a full screen? i want to show everybody what the tax plan is as briefly as we can. no income tax on individuals making less than 25,000 or on married couples or couples making less than $50,000. no tax at all. the top rate of tax comes down on businesses 15%. top rate of tax on personal income, 25% and there is no death tax. and you're not liking the keurig soda machine and you don't like hillary clinton. do you like that tax plan? >> well, it sound great, but-- >> that doesn't sound encouraging. stuart: what's the problem? >> the way that he explains it, top economists helped me come up with it and it's common sense and i would close sop loopholes.

that's the things that politicians say for a while. it doesn't work out, never works out. i don't trust him in terms of policy very, very much. and i am in general stick of people comparing him to reagan in general. stuart: really? that plan-- >> the plan, yeah, the plan itself, yes. stuart: lower tax rates for individuals. lower tax rates for corporations and then get the economy growing. he's offered us growth. >> i think it sounds great to lower taxes and which loopholes. who wouldn't this sound great to, so-- >> that's a good point. which loopholes do you close? he says he would not eliminate the mortgage interest rate deducti deduction, that's a big one. i don't know what he said about charitable deductions, he think he would leave those alone, so to speak. ashley: yes, he did. >> he only specifically mentioned who he would save money and not who would-- >> and because of the tax and

the loopholes taken away, he's in the real estate business. >> i don't know if you heard this, but he's very rich. stuart: you're giving a thumbs down because you don't think it will work? >> it sound great. i'd be interested to hear which loopholes he's going to close. it's tougher when you talk about specific people having to pay more and specific things costing more. hey, you're all going to say less, who is not cheering for that. the great staeg strategy, i won't approve it until i see. stuart: sharp edge. ashley: skeptical. stuart: and no on hillary clinton, no on reagan tax plan. you're a millennial? >> we'll see. i am a millennial, yes. stuart: it's tuesday morning, it's 9:17 on a tuesday morning, the market opens in minute. you'll see a modest bounce maybe up 40 points after yesterday's big decline. the question today, will the

16,000 level on the dow hold? so far it has. it's only closed twice below 16,000. let's see what happens today at the closing bell. on the 10:00 hour today. author and hillary clinton clinton critic ed klein, he's making dramatic charges. i'm told it's the story that everybody talked about, flowing water discovered on mars. here is the question, are we or are we not alone? you focus on making great burgers,

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♪ is there life on mars ♪ >> oh, david bowie, kind of like the guy. you know by now, i'm sure, nasa says they've discovered flowing water on mars, hinting it could be microbial life on the planet. are you humming the tune? >> my favorite. stuart: by the way, nasa says that flowing water on mars and at the same time fox comes out with the new movie "the martian" this weekend. there is no connection whatsoever. ashley: if you say so, stu. nasa embarks.

just fortunate timing. stuart: when i saw the news item, i didn't think it was that big of a deal. i had time to reflect on it. sandra: good, because it is a big deal. any signs of life, any confirmation of life in the sense of the unknown, stuart, is what keeps us all so interested in space, right. ashley: what did rush limbo say, once they start selling iphones on mars. he said something else as well. sandra: the unknown that capital captivates us. stuart: yes. are we alone? if there are microbes on mars, the essence of life, maybe we're not alone. sandra: has it got you finally interested? >> finally i admit there's a great deal of interest. any more interest from you guys on that. ashley: i don't think we're

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>> i know when you actually when you get vetted willmore), people get sick of seeing your face everywhere, you generally don't do as well as polls as you do if you are just a fan of the candidate like he is right now but hillary is the nightmare. we know hillary is a nightmare. i am sick of seeing her face. she is the worst, she is a liar, she is boring. stuart: strong stuff from the "national review," if you want this stuff you have to tune in sharp at 9:00 because we start at 9:00 eastern. in a few seconds, 90 seconds "the opening bell" will ring on wall street. we're coming off of a 300 point drop yesterday.

we are looking at a small gain when "the opening bell" rings this tuesday morning but remember we have held $1 and 16,000, the close was 16,001. a lot of people looking to see if that 16,000 holds because that is kind of a psychological level to see if it holds into the end of the trading day. a lot of big-name stocks came tumbling down yesterday. are they going to tumble more today. we already said they will open flat but that is "the opening bell". let's see how they do throughout the day, we are talking facebook, amazon, beanstalks that have done so well in the recent past so looking at it now, 19 points, a 16 points, that is it, not much of a way to come on after a 300 point drive. a crazy to be looking at 16,000? is that just a psychological -- sandra: 17 points from what you are looking at, this is the

future obviously but that is that round psychological level. we talk about how low we are going to go or how far we go from here. stuart: if it goes below 16,000 -- sandra: is not a technical level that technical watchers are looking at. ashley: there are certain levels they can play. stuart: we are running, "the opening bell" has sounded tuesday morning and we are down not very much eight points. on will call that a pretty flat opening bell after the big drop yesterday, 16,010 right now. we have with us to cover this ashley webster, sandra smith, larry levin, in the background city says watch out for a global recession. and goldman sachs this morning said markets will continue to slide as we go forward. larry levin, to you first, what do you make of those statements from big-name in the investment

business? >> usually i don't listen to big names but in this case i think they are right unfortunately. we have of that meeting coming w don't like to talk about love fed and the don't want to get buzz. i never want that to happen again. more lower prices are hard to come by, we will finish below 16,000. i agree with what sandra said is what we call the tv number, a number we talk about on tv but if we settle below it is not a good sign, yesterday below 1900, the isn't the trading 1870's 5 cell not good now. stuart: lee munson nail biting time bearing in mind what city and goldman sachs have to say. >> they are late to the game. we already in a global recession in europe and emerging markets. the question is are we going to get a santa claus rally that will allow people to sell their big growth, they're big biotech and momentum names before the ugliness next year starts? the viewers want to know what is

the inside number, isn't he, 1860's 7, that is where a lot of people think it will hold buddy will break and go lower so you got to relax and remember your going to get another chance between now and christmas to see that rally, sell your overheight big moment in imus and substitute them with a dividend payers so we can get through next year and make some money. what my clients want to know. ashley: city says there's a 50% chance of a global recession in the next couple years with jpmorgan and goldman sachs saying that is based on what china is going to do, they don't think china has such but huge impact as city does. city produced -- greece would fall over the euro in 2012. the chances of that didn't happen. stuart: there was one stock that was very much in the news yesterday, drugmaker valiant. they raised prices a lot for two hard drugs and democrats came

out and said let's investigate this, there are a hints that the politicians want to impose price controls on the drug business and went tumbling down. ashley: these two drugs the prices went up the moment valiant acquired rights by 525% and 212%, they are wanting the company, the democrats on the house oversight committee want them to cough up documents to explain why these price hikes are going up. they say this is proprietary information and secretive, you are not going to get it but it is something we are hearing about on a regular basis once these prices below. stuart: two points. bernie sanders pressed for this investigation and the wall street journal says this morning name-brand prices are rising only modestly after rebates and discounts. that is interesting. via price things are often discounted. interesting but nonetheless the democrats want to control

prices. we have some big names that really tumbled yesterday. let's see how they're doing this morning. facebook down almost 4% yesterday, down to 88 this morning, down another dollar, netflix was down 3% yesterday, netflix is down again today, not much but 98 on netflix which, about amazon took a big drop yesterday, multiple dollars down, holding around $5.01 this morning, starbucks another one that got hit yesterday, where is starbucks this morning? down $0.11, starbucks at 55, how about go pro, another blow yesterday trading at 29 down fractionally. kind of basically dare i say stable with slight losses on shaky grounds but rebounding a bit. 14%. that is not a bit, not at all.

almost wiped out. it is near the record low because commodity prices are so low. take a look at tesla stock unveiling its new suv called model x. it is $132,000 a pop. who is going to buy that? ashley: we still don't know what the base price is. you don't get all the bells and whistles. we may find out later today there will be an even tonight but this is a long delayed and two years in the making, they hoped to sell 50,000 this year, a to 500,000 by 2020. maybe a little optimistic. stuart: would you buy when? sandra: if i made this kind of money may be. forbes did an article on this basically saying finally somebody is going to shake up the luxury high end suv market. it is amazingly few see what is out there. you see what people drive around, there's a lot of

frustration with how limited the suv market is. tesla is going to break that up and not an agent with the suv of $100,000 but may be able change things, set the bar higher. stuart: if gasoline prices around to dollars a gallon, have the incentive to go gasoline and not electric. look at this. wholefoods, this is a surprise to me. whole foods cutting jobs, 1500 because of sagging sales. come out and give me the story. nicole: stock is up 1/2% but it is a loser this year down $1.40%. the last quarter they came out with their numbers in july ms. their numbers, they had sagging sales and had a market cornered organic foods, natural foods, now everybody does it, target does it. what they are trying to do is lower prices for customers and that is one of their main goals, bring the customer's back in and they also had a mishap, making things more expensive than they

should have been so they are really little bit, 1500 jobs will be gone, that is not one.5% of the work force and trying to improve prices. stuart: who would have thought whole foods virtually cut in half from february to september? nicole: every time i go to whole foods there's one nearby home, the lines are tremendous, they have someone filtering the lines, wrote 1, row 2, rose 3, row 4, like a machine, unbelievable. i don't understand sagging sales place that. stuart: that is intriguing, sagging sales and cold foods, thank you very much, tune in every weekday morning at 5:00 eastern, lauren and nicole will guide you through the early part, but that green mountain, that stock, launched the soda dispensing machine, $370, the pod you put in the machine are $1 apiece.

seems like a lot of money at a grocery store. >> people are into this. they want to do it at home if they save money and they know what they are consuming, that has been big for them but they are seeing a cold beverage unit is going to be bigger than their hot coffee unit. it will take some time whether that is the company talking its own book or not they say it is could be bigger than the coffee market. stuart: down and about two thirds of stock, in and not long period of time. how about facebook? something on facebook, facebook post has gone viral, millions of people sharing oppose the claims copyright over their personal profiles but it is a hoax. facebook responded this. there may be water on mars, don't believe everything you read on the internet today. facebook is free and always will be and the thing about copying and pasting legal notice is just a hoax. stay safe out there.

earthlings. apparently a lot of people, intelligent people were fooled when they got this post on facebook saying you have to pay to keep your profile private. you don't. a lot of people believe this. getting no response on this. i don't get it. >> people believe what they see on the internet as believe it is true. ashley: speak to the people, gullible. stuart: i am tired. ashley: facebook isn't going your posts. stuart: it goes viral and a couple million people worldwide see it and we have to talk about it. it is nonsense. sandra: social media, how quickly things spread. ashley: not true. stuart: i want to get back to larry levin, somehow or other i want to talk about apple, $113 a share as of right now, posted big numbers for their iphone sail over the weekend but some people say got to take it with a

grain of salt because there were more markets, more places to buy at of iphone, that is why sales went. explained this. ashley: apple uses the template, no big surprise, they do this every time, give people weeks to pre order but when you do this the numbers are always going to be great, maybe because they change the rules of the game on little bit and numbers may not be as accurate or great as you think they are. that is the theory. stuart: what do you make of apple chief you are you a buyer of $113 per share? >> no. i want to wait until they haven't actual bonafide problem. for instance the soda machine, that is apple's watch, a great product. i hate my apple watch, didn't even where it today. you have to wait later in the year when we find out they screwed up something, we can get apple for $80 or lower share. just because we have a little

bit of a sell-off we are not below august's many crash numbers, got to wait and this is what i am talking about, can't chase momentum stocks when you might be traded to u.s. recession, got to wait until that is really bad, same with starbucks, another perfect co. but as soon as they had bad news in china the stock gets cut a you have an entry point. people have to be patient. stuart: larry levin, get you back in, talk about apple, are you and apple owner, buyer of the stock? >> i am not. you want to wait until something bad happens. all equities will be down loaded and they are over the next month or 60 days. apple i would say is good with strategy. they think long and hard before releasing something like this over the last week, think about how are the numbers going to come out after the break, they did not break out financial numbers look better but think about this before they go in and it is smart. stuart: i am interested because you just said stocks are going

to be lower in sunny issue trend is intriguing to a lot of people. a lot of people would agree with you. check the big board, we are dead flat, we are down 7 points, that is it, 15,994. tragic story from new jersey, a high school football player dies after suffering an injury on the field. richard spleen. the dangers of football is real, a lot of parents second-guessing letting their children played the sport, we have an nfl player up next on that subject. hing yor retirement goals is to visualize them. then, let the principal help you get there. join us as we celebrate eddie's retirement, and start planning your own.

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or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. why pause the moment? ask your doctor about cialis for daily use. for a free 30-tablet trial go to cialis.com just like eddie, the first step to reaching your retirement goals is to visualize them. then, let the principal help you get there. join us as we celebrate eddie's retirement, and start planning your own. stuart: 15 minutes into the trading session we are down 55 points putting guests at 15,947. let's not forget gold, it has been relatively stable level levon dollars an ounce, 1132 to be precise. price of gasoline holding steady for a week. 228 is the national average for

regular gasoline. tragedy in new jersey. a high school dies after he took a hit playing football. last week i spoke to nfl quarterback who said he would let his children play football. roll tape. >> my son just took his son out of football. i would take my son out of football. is too dangerous. is getting worse. stuart: his kids don't play football or his grandchildren. joining me now, wide receiver brian boyles and his wife beth. thanks for joining us. this is a tragedy in new jersey. it appears it was a freak accident but it is dreadful publicity for the game. how do you feel about your children playing this game with your husband to make the money playing the game? >> whenever i first heard imus like oh my gosh there's no way we're letting our kid play, but then i talked to him about it

and it is so rare, i wouldn't want to take away the chance of him having fun and learning skills because of my fear that can be irrational. you know what i mean? stuart: i don't want to start a family fight here but i want to know how you feel a lot your kids playing football. >> i'm all for it. i grew up playing football. we know the dangers that come with it, the risks that come with it but you can get in a car one day and get hit just as likely or probably more likely than on the football field. at the end of the day you got to give the child the decision if he wants to play the game he can play the game. modern-day science, equipment, the things they have done over time to make the game savor they have done a good job, think about that. stuart: it is bad publicity for football, isn't it? that's the last week for two weeks ago 96% of former football players have some kind of brain

damage when they were investigated. that is not reassuring. >> no. that is not reassuring. there is part of me that is like you know, he could play other sports. won't be saturday misses out on football, but if you wants to play i will let him, but i don't know. i go back and forth with it really. stuart: it is a quandary for a lot of parents. a lot parents face the question was for do you want my son to play and if the answer is not football i think football has a problem. ryan was on the show week ago, ryan, deliberately and $60,000 a year and the rest of the money in the bank. i don't want to start a family fight but how do you feel about this? >> i loved it. we are both pretty frugal people. it works with me as well.

i am more of the budget her, the one who likes to fight the deals, i love groupon, he loves investing and finding ways to make more money so we'd go well together. stuart: i am asking you the question, you like investing. stocks? bonds? which stocks? put your money under the mattress? what is it? >> as of late more cash than any thing. we have seen how the markets have done some things, you can look at it either way, short-term, long-term, if you are in the game for the long term it is good to stay in stocks. i feel -- >> a little scared. >> to the point i want to bounce around and find where the markets are so i can make some money today and over the next month instead of seven years down the road. stuart: are you really? you take a risk? no family fights please, you are a risk taker.

you really are. in and out here and there, and explain yourself. >> i rode global market over the last few years, i have been hearing the news, watching the market and attackers, i feel like right now there are better places to put your money or put it in cash or things to fall apart little more than get back in the game. stuart: you agree with everything your husband just said? >> pretty much. stuart: here at "varney and company" we like to bring people together about money. >> we love each other. stuart: we thank you very much for being with us today. come back any time, thanks a lot. quick market check, still down 50 points, this is tuesday morning, we have been up and on the market 20 minutes, down 50 points following a big drop yesterday. we are watching it.

drug law, children, taunting authorities, pictures on social media showing stacks of cash, guns, for oures, an exotic pets. we will show little to you in just a moment.

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stuart: yahoo! is going to move forward with the ali baba spinoff without the ok from the irs. investors like it. stocks up 3%, yahoo! is up 20. goldman sachs hitting a new low. one other firm has cut its price target. goldman sachs is the biggest loser of the dow 30. noon today neil cavuto will air the entire interview with carl icahn. big deal. a quick preview. roll tape. >> pretty successful over the years speaking this stuff out. i saw it happen and did what i am doing now, with the high-yield market, i am better off if it doesn't happen. maybe we will of her it. you see the tsunami coming or the tornado coming. stuart: he has a video out called danger ahead talking about the sell-off coming. ashley: it is all about the steady stream of cheap money from the fed.

that is the whole basis of his warning, basically says quote that god knows where this is going, it is dangerous and could be disastrous. he says middle-class investors had nowhere to go but the stock market or high-yield bonds both of which are very dangerous, he says and we're setting ourselves up for what could be a disaster situation. stuart: when a guy like that talks you tend to listen. $20 billion. ashley: so a little disturbing, his outlook. stuart: the full interview coming up at 12:00 noon with neil cavuto. don't miss it, it will be 12:00 noon today, the full interview where carl icahn sees danger ahead and is looking for a sell-off. then we have photos posted to facebook and twitter allegedly from the suns of the escaped mexican drug kingpin joaquin bluesman giving us an inside look at the wealth of these drug cartel guys have amassed. what have they got? ashley: money stacked on a

coffee table, a series on netflix, very much taunting of the authorities. this is 32-year-old alfredo car keys, and the baby line in the background. it was holding stocks of cash as well, more cash, a little insight into the world's, thanks to the selling of narcotics and a basement garage full of all of these vehicles. stuart: they are taunting the mexicans. ashley: this was posted on facebook and twitter, they haven't verified it but look like it. stuart: extraordinary. up next the new poll shows joe biden has an edge over republicans if he decides to run, hillary clinton does not. ed klein has a new book called

unlikable about hillary clinton. in the next hour, the next -- president obama sits down with raul castro of cuba, the second hour of "varney and company" is two minutes away. ...

>> on the dot precisely, 10:00 eastern time and here are stories we have for you. this was yesterday, a frosty meeting between president obama and vladimir putin of russia. today president obama meets with cuba's raul castro and he wants reparations for the sanctions. the left hoping and praying that joe biden will run for the white house. a new poll shows he has a better chance than hillary against the g.o.p. rivals. ed klein here on that one. and the discovery of flowing water on mars, causing a lot of excitement. space geeks think there could be life on the planet, microbial life. yes, the second hour of "varney

& company" starts right now. ♪ okay. we've got a minor league pop on the dow. nearly 50 points of the the consumer confidence index shows a relatively positive reading at 10:00 eastern time. now we're up 40 points on an otherwise pretty much flat day. goldman sachs, their stock hitting a new low, how about that? goldman sachs one cuts the price target. 169 for gs. look at glencore, a mine company near its record low, it's bounced back 15% with a 32 cent gain. this is all about commodity prices worldwide and their continuing decline. look at this, nearly wiped out. yahoo! is moving forward with

spinning off its stake in alibaba. investors seem to like it. that's yahoo!. ed klein has a new book out called "unlikable, the problem with hillary" and ed joins us now. first of all, ed, you don't care much for hillary clinton now, do you? >> well, you shouldn't say care for her. 58% of the american public think she's untrustworthy and a liar. i agree with them. stuart: okay. you don't care for her. you say in the book, she's too sick to be the president, that she's got. what was it that she has medically wrong with her? >> she has a tendency to clots in the brain and as a result she's on coumadin, which is a blood shin thinner and bill clinton has urged her to travel with a personal physician because he's very concerned about her health. she's had dizzy spells.

she's had -- she has insomnia, she has a lot of medical problems that we do not know about and i think she has to come clean about this. stuart: how down? you've got sources. how many sources? you don't have to reveal them to us, but the journalists say, the sources are unnamed, you're pulling it out of thin air and the charge. >> well, rob woodward and others use anonymous sources, people will not talk to you if they go on the record. you have to use anonymous sources. >> on the medical case two separate doctors, those are my sores. stuart: has she ever been admitted to the hospital? >> yes, when she fainted in 2012 she spent time in the hospital. and bill clinton, as you may recall, took her six months to recover from that episode.

stuart: if she's running for the presidency and if she's the nominee, doesn't she have to reveal her medical records. she should, but up to now, over the last decade, no nominee has come completely forward with all their medical records. stuart: now, you also make the charge that steven spielberg, the great director, was brought in to make hillary look good. is that true? . for me to say-- >> of course it's true. what happened is, bill and hillary were in chappaqua, their home in chappaqua, they had a lot of friends-- you have to remember that bill and hillary are always surrounded by a lot of people. they're like the french kings in the 17th century, they don't do anythinin private. they fight in private, they tell people secrets-- in public, i'm sorry, in public. and in this meeting with hillary and bill and their friends, bill turned to her and

said we should go to steven, meaning steven spielberg, get some acting coaches and help you do better when you give speeches because you have trouble giving speeches. stuart: and she said? >> and she said i'm not going to do that. i make $300,000 for each of my speeches, i'm going to listen to some hollywood schmucks tell me? >> she did eventually submit. >> she gave in and did it. she set up a camera in the den in chappaqua. she hired a guy to take these videos and sent them to the spielberg offices and coaches looked at them and spent back critiques, and she does not like. ooh eventually she took the camera and threw it on the floor and says this is the end

of this period. stuart: you have two sources that don't know each other? >> i generally have two sources for all the things i do. i go back to people who i've used now for four books who have proved true and accurate time and time again and very often, i reinterview them. one person i interviewed 24 times. stuart: there's a poll and it shows that joe biden does better against republicans than done hillary clinton. what do you make of that? >> joe biden is going to do very well if ab it's a big if, the white house throws all of its resources behind him, including trying to get the minority and hispanic vote behind him. that's going to be a big if, but i think that there's no question, in fact, i know there's no question that joe biden doesn't get on air force 2 and go around the country the way he does without the president of the united states approving him using airport 2.

stuart: this goes back to your "blood feud" book, the obamas and clintons for control of the democratic party. >> the point of this book, people will learn if they get my book "unlikable" is the intrigue, the back stabbing, the deliberate deception going on at the highest levels of the democratic party between the obamas and clintons. stuart: do you have any reason to believe that the back stabbing is not going on in the republican party? >> i think it is, but if you really want to know a real life game of thrones, it's "unlikable", the hillary clinton story. stuart: all right. the book is "unlikable" the author is ed klein. good luck. we may see fireworks on capitol hill this morning. the head of planned parenthood is testifying before a house committee. peter barnes is watching this for us. what is happening? >> the hearing is just getting underway.

republicans plan to keep the controversy for planned parenthood front and site at the hearing. a new report from coal fire systems could help their case. it says that ten full footage videos from the center for medical progress, the anti-abortion group that made these videos and recorded them while undercover are quote, authentic and show no evidence of manipulating or editing. and that contradicts planned parenthood. and richards will call the video a deliberate and systemic effort for our health centers and potentially trap our staff into illegal conduct and discredited doctored videos designed to sne smear planned

parenthood. stuart: this part of the carly fiorina debate, those exist, i dare hillary clinton to watch them. this is part of the same story? >> it is, but we have to see exactly which ten videos that this forensic group were looking at and we're looking into that right now. stuart: thank you, peter. we'll see you again shortly. next one for you, president obama's meeting with cuba's president raul castro, demanding that the u.s. pay a lot of money in reparations to cuba because we imposed sanctions on cuba 56 years ago. ashley: and also give back guantanamo bay, saying that that territory was taken immediately. immediately end the sanctions and continuing to file the drop resolutions to the u.n. and i'm sure that that will be a subject that that he and mr. obama will explain.

>> he claims that the sanctions cost cuba, 1 trillion dollars. >> it's economic hardships. stuart: he's not saying give me a trillion bucks, but fidel castro did say last month he wants millions and millions, reparations. why don't we make them a state and buy them new mercedes benz's castros, come on, give me a break. stuart: back to the markets, check out the big board right there at 16,020. and we popped up at 10:00 and now back to gain of 20 points. would financial group, wesley, people ask me why don't i sell now with all of a talk of a crash in the air. why not sell, get out, sleep well at night? what should i say to those people who ask me that question? >> in the only services business, i never get that kind of question. [laughter]

>> yes, you do. >> absolutely. it really depend on the investor's education, if somebody is young people investing like you're doing put money into the 401(k). the average investor, unfortunately makes knee jerk reactions, buy at the highs and sell at the low ap historically underperforming inflation. if you're under. pring inslayings, your money is moving backwards. stuart: what about the man and woman in their early 60's, they're going to be retiring, they want to preserve their nest egg. you could make the case for those people to do a lot of selling and sleep well at night and avoid what they think might be a crash. >> if they've hit their number, their nest egg remark, it might make sense to have a risk reduction. when you go into the market, the seniors, close to retirement, they're going to be in retirement as much as 20 to 30 years and over the

long-term, 20 to 30 years, traditionally the mart moved up. the better performing class. >> people today are living longer, so if you retire at 65, , 64, 66, you've got to make your money last. >> think how much stuff costs in 25 years, if you look back in history, how much was in the 80's, the 70's, much, much less than now. you've got to have that portfolio built up over time. to have some in short-term and some in cash and in the next three to five years, definitely got to take risk off the table there. for the long-term money, equities is where you've got to be. >> we hear you, wesley wood. good day, appreciate it, thank you. >> thank you. >> okay. coming up, a tense toast between president obama and president putin of russia. they were brought together for

the first formal meeting. they doesn't look at each other, at least not very much. we've got a full story coming up. and this scene in baseball, nasty collision for cardinals left fielder stephen piscotty. you'll see the full video on varney next.

>> well, look at this, that's tesla. $253 a share, and they're up $5. they're introducing their model x electric suv. jo ling got some details, first of all, the price? >> it starts around $80,000 and will go up to $133,000 for the signature series. so this car is very expensive and it's certainly not for the average family that wants to buy an suv. it's all electric, all-wheel drive and then you can see the falcon doors that look cool. stuart: wow, falcon. i'm mocking it.

>> the reason you're mocking it there have been so many delays on the design. you've absolutely right in the seating inside and it will have a $250 range. >> look, look at that. there's the falcon. what was the car made in northern ireland and slipped here, the delorean. ashley: the delorean. stuart: why should i go out and spend a minimum of $80,000 on an all electric car when gasoline is about $2 a gallon. >> because you're rich and you can. stuart: is that the market? rich greenies? >> 250 miles in that range is good if you're able to tool it around and charge it every single night. stuart: you take an suv off the road go up a couple of mountains and chasms that would soon run the battery out, wouldn't it?

>> what we're looking at here is the stock price and what's going to happen with the company. can they sell and meet those expectations? is tesla for real as a car company, not a one-car company. stuart: i think they're a battery company and if the battery maker that they-- >> you're not the only one to look at that. stuart: and the breakthrough with new technology in the battery, tesla is not the company that we think it is. that's a personal opinion. do you share it? >> i don't share anything. watching tesla as the battery factory comes on-line that pressure is more elon musk than before. we'll watch in freemont, california. stuart: i want one. now, this is serious stuff. president obama and vladimir putin met yesterday, just look at the photo, please? they gave each other a toast and barely looked at each other. if that's not arm's length, i don't know what it is. bring in the american spokesman

or was at the united nations. i'm reading this as follows, putin wins hands down, president obama in full retreat. what do you say? >> all u.n. delegates are looking at it the same way. they wanted a plan and they got a plan. you look at putin's speech and he was very clear about an action plan of what to do and that's what u.n. delegates want inside syria so then you change that over and you look at obama's speech and stuart, it was really philosophical. it was a throwback to the early days of the u.n. when we thought the u.n. could accomplish solutions and it was so philosophical that no one could disagree with it. it was, you know, might doesn't always win. and we should all come together and talk through our problems. of course, that's why the u.n. exists, but right now, we have such a problem with isis and syria, that to have a plan, a specific plan from putin means

everybody's going to follow it. stuart: there's a power shift in the u.n. and they perceive that the power is with putin and not president obama in america. >> yes, they waited around for three years for plan and didn't get one. stuart: you know what's going on. president obama meets with cuba's president, castro. as we understand it, raul demands reparations because we put on sanctions and they want the money. what's going to happen. >> if we give any inch what it is saying is that the u.s. policy harmed cuba so much that we're going to go back and pay. it is an admission that for the past 50 years we've done the wrong thing. stuart: bearing in mind president obama's negotiating ability and his stance in the past, could you see him paying them some money? do you think he'd do na that? >> you mean his lack of negotiations. yes, and congress is going to have to step up and not allow

it to happen. we cannot allow the president in the fourth quarter to start throwing bombs and try to completely change the map the way that he's doing, whether it's in cuba, iran, syria. i think we have a very serious threat on our hands here at the very end of the obama administration because he's going to start looking at the map, and say, what else can i do. stuart: rick grinle, interesting from a man who knows. we appreciate that, thanks, rick. >> okay. stuart: we've just got that coming in to us, volkswagen, it says it will present german authorities with technical fixes in october. that could be as early as the end of this week, i guess, they'll do it in october. customers will be informed of the fix in coming weeks and months. that's from vw. ashley: 11 million vehicles, a big fix. stuart: and possibly more than that. possibly. maybe, i don't know. look at bank of america announcing more than 100

layoffs in his banking and markets deposits, 15 on the day. here is what's coming up. imagine being on this plane, it's an airbus a-380 struggling with strong cross winds. would you like to be on that. and then watch the videotape afterwards? you had a he have a few nerves. look at that. that's a huge plane. and i am told this is a very big deal, flowing water discovered offer the surface of mars. could there be life someplace else in this universe? they're saying yes, and "varney & company" continues in a moment. ♪ ♪ (singing)

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>> mcdonald's is a winner. take that, millennials. credit suisse upgraded the stock and raised its price target and it's up nearly 2%. 97 on mcdonald's, however, look at the fertility drug maker ova science. o-v-a, ovascience. and last night in baseball, cardinals outfielder hit the other player's knee and have to do it in return slow-mo, good heavens, carted off the field in a stretcher and went to the hospital. the verdict is he suffered a bruised skull. carted off the field, knocked out. coming up, more pressure for

joe biden to run, that he has a better shot than hillary clinton. more on that shortly. cut the top tax rate for individuals. cut the tax rate for corporations. who said that? jeb bush weeks ago, but who remembers? i'm going to cut taxes, i'm going to grow the economy at a level not seen for decades, who said that? donald trump yesterday. and judging from the level of media coverage, that will be remembered. the two tax plans are relatively similar. they're like the tax cuts of the reagan era and both go for growth. the difference is in the delivery of the message and in the age of the screen, how you appear on that screen, the delivery, very important. jeb bush presented his tax plan into a studious fashion, carefully choosing his words carefully. trump the opposite, took him a

few minutes, direct and to the point and utterly dismissive of any problem and sure of himself. he was as usual entertaining. we ran his news conference from start to finish, great tv, at the end everyone knew what the trump plan is all about. i think both the bush and trump plans are solid. they would grow the economy and growth is the key, in my opinion, to future prosperity and all of us would get to keep more of our own money. don't you love that? it seems the establishment and the outsider, the two of them are on the same page when it comes to taxation and growth. nothing wrong with that. got it?

look who is here. commenting on all of this. democrat talking points. can i say that?

>> i do not know that it is that she will not win. the polls are also showing that she would win. the general election. i think as much as it is, or on favorability within the

democratic party is going way up. stuart: they decide the election. i think they could probably win. it looks like they could win. if he does not run, the republicans went. his decision is a very big deal here. >> the number still say that hillary will win. the e-mail saying, you know, the turtle wins the race. she is not likable. we can all agree on that. at the end of the day, will you still vote for her over carson. stuart: ed klein said that bill clinton brought in steven spielberg and said can you do something with hillary to make it look at her on camera. they went through a whole series of practices. at the end, hillary did not like it and kicked over the tripod in the camera. >> wasn't hillary in the

basement of this whole thing? stuart: you turned away from her completely. >> not completely. if steven spielberg cannot help you, you are really in the toilet. >> every two or three days for several weeks. i have noticed a shift in your opinion. shifting towards hillary not winning. please, joe biden, run. >> i still think that hillary can win as well. >> i would like joe biden to run. >> if you have me. stuart: you are the democrat talking points lady. >> oh, lady. stuart: guess. there is a big difference. it is a lot of fun.

you have a smile on your face every time you come. stuart: thank you very much. the latest report is about water, i believe, flowing water has been found on mars. a lot of people very excited about this. i am not really sure i join in on this type. writer at space.com. okay. tell me why i should be so excited about flowing water on mars. >> because we need water for life. i want to know if they find life on mars if you will feel the same way. no big deal. >> a lot of things that you need for life. this is one step. we know in two places in the entire universe that have liquid water on the surface. [laughter]

water like earth. now, we have some evidence on our hands. liquid water on the surface. >> we do not know if there is microflora life. >> they had these thoughts on mars. we have a target for the next mission. we are getting better at knowing what to look for. stuart: factual finding of life depends upon a robot. lands on mars. this sits paddle into the water. extracts it. i am joking here. that is what is going to have to. that is what you are looking for. >> short. nasa has a mars rovers out is supposed to launch in 2020. even talking about the next rover after that.

they are already talking about a human mission to mars. it is very early. studies like this are so important. they prepare you for those trips. stuart: what is your opinion? i know you are hoping for life on mars. silly question. >> that is a great question. mars has a lot of surprises. there are people who think there are freshwater glaciers underground. we do not know yet. we have not been able to answer that question. i am excited for everything that we will learn about this planet. this was decades ago. now, -- we have been asking this question for decades. hundreds of years. is there life somewhere else.

stuart: that is the question. [laughter] stuart: all three of you sitting there. all three of you, you hope to find life elsewhere. >> absolutely. >> i want to wait and see. maybe it will be a very long time. whatever it is, it will be interesting. >> we can just make it earth to. we can just build condos. [laughter] thank you very much. we appreciate you being with us. i want news on this. >> we will keep you updated. stuart: we're looking at three technology sectors. looking to sell off its big stake in alibaba. shares also moving higher on this news.

we also have an apple stock. a wall street firm traded the stock a buy. it has the ability to shift new products in large quantities. i own microsoft stock. record-breaking sales. somehow, it is already pouring cold water on those numbers. democrats cracking down. volume dropping as much as 16%. more varney next. ♪

♪ nicole: i am nicole petallides with your fox business brief. a tough day yesterday. right now the dow jones industrial average up about 70 points. 16,072. off highs of the day, all flows of the day. some of the leaders of the dow include some of the names included to healthcare. including johnson & johnson. mcdonald's and caterpillar doing well. sales starting to wrap cover. jpmorgan to the downside. for year-end, the s&p 2000. volkswagen remained under pressure. once again, they are working on setting up customer information. yahoo! working on trying to spin off their stake in allie p.

we want you to start your day every day. ♪

stuart: now, this is just moments ago. president obama meeting with cuba's raul castro.

this meeting taking place at the united nations. clearly, it is a great deal more friendly than the meeting with president obama and vladimir putin. they are looking pleased. raul castro wants america to pay cuba reparations for those sanctions were imposed 66 years ago. president obama looks quite happy. >> i will give you a trillion dollars. absolutely. stuart: a very rough ride for biotech stocks. critical of drug pricing. one of them, in particular, is bouncing back again today. one of them is hydrogen. now look at apple. forcing cold water on their numbers. josh march. a frequent guest. apple says they sell 13 million

apple iphones, the six, i believe. that is a big jump. why are people throwing cold water on it. >> this is the first time they included china on the weekend launch as well. the numbers are flat in the u.s. overall, it is a really powerful result. both in the u.s. and china. making really major innovations. stuart: if that is what i want to hear about. you just told me in the commercial break, all kinds of innovations on the new apple six. the iphone six. allowing us to use this in a more complex way. >> a 3d touch that they can sense how powerful you are touching the screen. look at millennial's today. they are using small phones much more than computers. not just for the consumption of

media. it can be relatively hard to really create content. making you more able to handle much more complex interaction. stuart: how does the touch thing -- >> how hard you are pressing. >> how will that enable me to do more complex things on an iphone? >> i was trying to use imovie yesterday. it does not register how much pressure is going on. the new one has that. >> you can change the way you are perceiving aims. stuart: okay. is that innovation on the new iphone? is it better than samsung? nobody else has got it? >> i am sure people will catch up with the innovation.

>> at some point, i will never use a computer again. just this. >> i do not think so. we are seeing businesses move from a mobile search strategy. how can they build experiences on a smart phone. not even worrying. >> that new ipad is strictly for business. that is exactly who apple was targeting. it is not you and i. >> dead stable. despite the innovation you are talking about. >> yes. i guess so. josh, thank you so much for joining us. look at the share prices of the drugmaker, valiant. a huge drop yesterday. a big-time drug stock. they raised prices for two drugs. house democrats say, what are you doing here. what is going on. that is the way of regulating drug traces. >> a very well-known house

democrats. out of service trucks overnight. they bought the rights to two different very old drugs. listen to this. the first one a 525% increase. 212% price increase for this drug overnight. when lawmakers said we need to explain this, they said it was proprietary information. it is a hot drug right now. it makes them look bad and inhumane. >> it does. listen to this. this is the "wall street journal" this morning. name brand prices are rising only modestly after rebates and discounts. you do not have to pay the increase, you get an increase on it. what do you say to that? >> i think that this is a very bad road for a lot of these companies to travel.

[laughter] stuart: i just got the raft. okay. new york city. bracing for a severe storm. more women now printing their clothing and set up buying them. how about that. you get it all on this program. more varney next.

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take the roar out of snore. yet another innovation only at a sleep number store. stuart: a super typhoon is slamming mainline china. hundreds of flights in and out of china have now been canceled. nearly a million households have been left with no electricity or water. tropical storm approaching mexico posing a threat to acapulco. officials there are preparing for landslides. moving overland. to politics now. donald trump may be stealing the spotlight again. his new tax plan. jeb bush is right behind him. reforming the tax code is the ticket to boosting the economy. now, he is announcing his energy plan. what will he be proposing? does it have energy?

>> yes. we have gotten a look at jeb bush's energy plan. he will post that online and laid out in a speech to text is later today. calling to approve the keystone pipeline. grading 42,000 jobs during construction. he wants to reduce legislation. bush says having more control with energy production. he also wants to lift the restrictions of exports on oil and natural gas. he says lifting the ban on crude oil exports would create hundreds of thousands of additional and significantly lower net energy costs within two years. he goes on to say in that statement how it would lower prices as well. >> very good. thank you very much. the third hour of varney, three minutes away. ♪

♪

. stuart: here's the definition. you murder your mother and father and plead for leniency from the judge on the ground that you're an orphan. the castros, demanding republicanmations from america for imposing sanctions on cuba. sanctions cost cuba over a trillion dollars, and he wants many, many millions. guess what? he meets with president obama today. the cubans will no doubt establish a negotiating position pay up. with almost any other president, you would dismiss this refmations demand as pure fantasy, get lost, but with president obama, can you be sure of that? and cuba confin skating properties and reducing debts. it's not too much of stretch to believe that president obama would accept some kind of deal. you forget the republicanmations, we forget the bad debts. all those people stiffed by

the communists lose yet again. america gets nothing. another retreat by president obama cannot be dismissed. allowed russia to run the antiisis operation, and given so much away with the nuke deal and china's hacking, he simply says i want it to stop. there's a bottom line here and it is not president. the president is not good at negotiating. every foreign tyrant knows that they can just push him around. we cannot hope that the tyrants in china will not follow russia and japan on the beat up america game. ♪ ♪ . stuart: oh, yeah, we'll have much more on castro's meeting with president obama and that request for no fan of the un coming up in about 15 minutes. the big board, a confidence consumer number last hour gave

the market somewhat of a boost, not much. up 50 points as of now. and joining us, jerry dense, the author of the economic cliff and super bear. all right, down to 16,000 on the dow, you've been with us for several months now saying that the crash is coming. it's going to be a rolling crash. have you updated or changed your crash forecast at all? >> no. and it's the same, stuart, we see this as the first wave down, probably of three over the next year and a half. this one's got farther to go. i think the market's due to bounce here after crashing here recently. but by mid-october, october 16th to be precise, we expect there to be another wave down probably to about 15,000 maybe as low as 14,000. then we'll get a bounce probably if the year, and i think the worst is going to come in the first half of 2016 and we will not bottom in this until late 2016, early 2017.

stuart: why the timing like this? why this leg down then another leg down to 14 or 15,000 and a big leg down next year? why is the timing like that? >> well, when you get a major move up or down, it tends to go, you know, three waves down. a first wave down, a second, a third wave down, which tends to be the worst, and then a fourth and fifth. that's just how most crashes if you look at 2008 -- the 2012, this is how most crashes work out. and we have other cycles that we use and the big picture is that we show on our chart every major top we've seen 2000, 2007, and now 2015 has taken us to new highs and every crash has taken to us new lows. and i also show that every time the pope visits, stocks crash. every time in the last several years. i don't know what the reason for that is but we've been saying for a long time that our target is the dow of about

5500 to and it may come sooner or later but that's our target and, again, just the first wave down, we tell people if you haven't been serious thus far, wait. wait for the next bounce, probably into november and december, take it seriously and get out. because you get strong balances every time we get a crash. stuart: as if you're wrong? could you be on the receiving end of a lawsuit? i'm not joking here. you're a pretty dramatic guy with the three leg down, down, down. supposing you're wrong. >> well, we're dramatic. we're predicting a dow of 10,000 in late 1989 and people thought we were crazy. that we've been bubble economy, especially since the early '90s and when bubbles burst, they have dramatic crashes. we've already seen two dramatic crashes and people still look at me when i say dow is going to be 6,000 a couple of years from now they say this is not possible. we've already seen two crashes like this just in the last two years. stuart: but it recovers,

doesn't it larry? >> no, it doesn't. it didn't recover after 1929, it didn't recover after 197223, 24 years. when the bubble crashes, the government has kept this bubble going for several years with. when it crashes. we'll see real estate, stocks, commodities, gold, everything go back to normal, we're just going back to normal and then we can grow again long term. but you have to get out of the way of this crash. this is not a buy and hold period. stuart: now, supposing you're in your early '60s and you've got your nest egg and you're going to retire, your disguise advice would be get out of it now. >> yeah. we've had the greatest gains in real estate and stocks and bonds and everything in history. take monica out, in safe stuff, you may have to live off a little bit of your capital for a few years. wait for things to crash like joseph addendum and then buy 20 cents on the dollar or something like that. that's the way you make money stuart: i've got 20 seconds. what's safe? what's dead safe?

>> really just short-term government bonds and let highest quality corporate bonds. those are the only two things that did well in the great depression. stuart: we hear you. >> government and high quality corporate and you don't understand frequent guest on the program. let's see if you're right. okay. harry, thanks so much indeed. we'll see you again soon. now this. volkswagen it says it will present german authorities with technical fixes in october. okay? the stock, though, is down a little at 23. tesla unveiling its new all electric suv the model s, the top of the line will cost you $132,000, they introduce it tonight i believe,. >> in california. stuart: does that mean you can buy them tonight or -- >> they begin shipping today. . stuart: okay. >> they deliver them today. stuart: up 2%, $5.253 on tesla. and moving forward on alibaba spin-off without the okay from the irs.

and they're up a quarter percent. big day for yahoo. and today it's down a tiny fraction, 3 cents. facebook at 89. fireworks on capitol hill as riches, the president of planned parenthood testifies before the house oversight committee. listen to this. >> planned parenthood has been in the news recently because of deceptively edit videos released by a group that is detected to making abortion illegal in this country. and this is just the most recent in a long line of discredited attacks over the last 15 years. stuart: joining us now congressman rodger williams, republican from texas. all right, congressman. it seems to me you're fighting an uphill battle here despite the nature of what planned parenthood has done because i think the left, the democrats rebuke are going to make this a women's health issue. that's what they're going to make it into and that's going to be an uphill struggle for

you to win this one. >> well, stuart, it is. this is a moral issue. this is not any more a political issue where you're pro-choice or pro-life. this is a moral issue. and when we see those tapes and we see the killing of babies and the selling of baby parts, that's a real issue in america. this is the united states of america, compassionate nation and the fact they want to make it a women's health issue is not an issue. there's many more areas across this country that can take care of women's health without the taxpayers funding planned parenthood to do the things they're doing. stuart: would you shut down the government on this issue? >> well, it wouldn't be me shutting like that government down. i guess it would be president obama. yeah, there are a lot of issues when we get this coming over from the senate. there's not only planned parenthood but in the continued resolution, we not do anything about that in the military. we're not doing anything about cfbd that's tearing the heart out of mainstream america. so there's a lot of things in

this magicked for people like me that cannot support that because continued resolution basically is just a continuation of problems, the things that don't work. stuart: do you see a crunch coming when the government is shut down, it doesn't matter whether it's president obama or republicans, it doesn't matter, do you see a shutdown coming? >> well, more than likely in the real world, i probably think that we will not shut the government down. there will be people that a lot of them don't think like me and others. so we'll see what happens. but there's a time in washington and a time in your life you must take a stand for something and that's what we all are doing. stuart: do you think that maybe this is a social issue? a moral issue. does that detract from what some would call, some, would call the more important issues of tax policy and the economy in the fourth coming election? >> well, you know, i'm a business guy, one of the few people who owns a business in congress, and i think we've got to have true tax reform to get main street america going

again, i have jump-started america that lowers taxes. we tried socialism, 0%, it doesn't work. we've got to empower small business americans are the biggest asset we have and begin to put people to work again. i'm anxious, i'm glad to see donald trump, jeb bush, and others talk about tax reform. stuart: do you want to see that over shadowed by a moral issue of planned parenthood. >> again, planned parenthood to me is a moral issue, where do you take a stand? i'm a business guy but also devastated when i see those films coming out of a country that i love and live in the united states of america. so there's some issues there. we'll see what happens, we see what comes over from the senate. stuart: rodger williams, republican, texas, thank you so much. >> thank you. stuart: to the 2016 race for the presidency. the latest wall street journal poll shows joe biden with a better chance to beat the gop front runners than hillary clinton.

last hour we were joined by ed klein whose new book is unlikable, the problem with hillary. listen to what ed had to say. >> joe biden is going to do very well if -- and a big if, the white house throws all of its resources behind them, including trying to get the minority and the hispanic vote behind him. that's going to be a big if. but i think there's no question, in fact, i know there's no question that joe biden doesn't get on air force 2 and go around the country like he does without the president of the united states approving his air force two. stuart: elizabeth macdonald with us. now, you heard ed there, he says there is a feud between the obama clintons and very much on the side of joe biden running and would move and evan earth to make him run. >> yeah. and it would be a around defender, the president's legacy. the issue is whether joe biden

of course really wants it, what his policies would be, whether the american people want continued slow growth in this country and he would be the oldest president elected, older than ronald reagan when ronald reagan first -- >> i think democrats increasingly are wanting joe biden to shotgun because they think he can win. >> yeah. stuart: he could beat the gop and hillary could not,. >> right. stuart: all right. now this. leftest billionaire, the environmental activist tom, his political group releasing a new ad. it features statements from the pope. watch this. sorry i've got to read that. [laughter] we need to -- look. they've released this ad, tom green environmentalist using the pope in his adds to support his green position. statements from the pope right

there in the ad. now, is that legit, liz? >> well, is it legit? for him, politicizing the pope. yeah, it's using the pope's words. here's the issue. next gen has about 1.5 billion in net worth. so tom stire is saying we're definitely going to use the pope in our ads and essentially saying, you know, that we're going to stack our fight up against the coke brothers and when it comes to climate change, setting up this fight for the president coming up in december in paris. stuart: i wonder how the pope feels about that. >> well, that's -- the pope has already tweeted about it saying we're turning the plant into quote one big pile of filth. stuart: yes. but never been used in a -- right into the campaign. >> yes. stuart: right into it. >> uh-huh. stuart: use full force by tom stire for the democrats. i wonder how he feels -- i wonder how catholics in general feel about that. >> that's a good point.

stuart: you're a catholic. >> i don't like that. stuart: president obama reading with castro today and the cuban leader. we believe he wants, and i certainly fidel castro was asking for millions and millions in refmations because of the sanctions we imposed on cuba 50 years ago. we have with us next a very harsh critic of the united nations. back in a moment we live in a world of mobile technology, but it is not the device that is mobile, it is you.

stuart: look at gopro, please, up 2%. the wall street firm ag says the stock's going to 45 and that the company will see up particular in sales next year. it's 30 at the moment. look at vw. that company now admits that it's audi brand has nearly 3 million cars on the road with the emission test cheating software. let's go to jeff flock in chicago with more on this. what do you have, jeff? >> the deadline for vw to come

up with fix for this is october 7th in germany, they say they will pull the cars off the road if they don't have a fix by then. but we're talking to people that there's no good way to fix the cars. you can go ahead and change them so that they don't spew toxic pollutants, but if you do, you drastically reduce the performance of the vehicle and that will reduce the price. . stuart: so you can get lawsuits on that basis. you fix it but still don't live up to the promise of gas mileage. >> exactly and that's going to cost them big time because that's a half million vehicles here in the u.s. alone and 11 million worldwide. stuart: okay., jeff flock with the neutrons good stuff. thank you, jeff, we'll see you soon. >> thank you. stuart: moments ago president obama met with castro. looking for millions of dollars from america in reformations because we imposed a trade embargo 56 years ago. 10:00 news contributor and un

critic lisa is here. okay. so they want reformations, they want money from us because what we did 50 years ago. what do you say of that. >> everyone wants reformations right now, anyone who has grievances against the u.s. grieves it. the removal of the cuban embargo has been brought up year after year since the early '90s and everyone agrees with it,, well, you know, it just points to the weak foreign policy that we have had it's catching up with us. stuart: so if we ever impose sanctions on anybody. >> right. stuart: a couple of years down the road, they come back and say you damaged us, we want payments because you damaged us. >> and it's just a time right now where they think they can do that and take a look all the parallels here. russia coming to the podium. you see china, you see even iran. instead of thinking or being grateful or showing good faith in the deal that was just struck, they're asking for more, blaming more, pointing more fingers at the u.s. and --

stuart: you're criticizing president obama. >> i'm not criticizing, i'm criticizing -- i'm not criticizing president obama, i'm criticizing a very weak foreign policy. there's a reason for why that -- stuart: and that's president obama's foreign policy. >> you can connect the dots, stuart,. stuart: yes, i can. i'm trying to read between the lines of what you're saying here. who else wants stuff from us because of what we have done in the past? >> everyone because everyone knows for the next year and a half the cookie jar's open and they can take whatever they want. stuart: wait a second. do you really thank president obama is going to pay money to castro, the reformations? >> well, president obama alluded to it and that's what comes after -- >> what about the millions, the tens of millions of assets that the cuban government has. >> right. >> and the u.s. tax -- >> the point of sanctions -- the point of sanctions and embargoes have been lost in this administration. the point here with cuba is

the human rights, the fact that they owe us $6 million. stuart: i can see us doing a deal, you forget about reformations, and we'll forget about your bad dead. it's a wash. >> we've seen a lot of bad deals thunder administration and a lot of bad deals and we'll probably see another one here. stuart: you think? >> that's what it looks like. stuart: thanks so much for joining us. we appreciate it. >> absolutely. stuart: now this. we are getting an inside look at the kind of wealth that drug cartels bring in. photos posted to facebook and twitter of the mexican drug lord el chapo. >> really quite remarkable. let's take a look at these pictures. the cash stacked high on a coffee table, check that out. now, this is from allegedly posted by 32-year-old guzman and 29-year-old alfredo, but you're going to see a dozen car keys on the table, how many cars do they have, that gives you an idea. a baby lion in the bentley

with the foreground. >> he's worth an estimated 3 billion. this is lifestyles of the rich and heinous right in your fac. stuart: it's a taunt. >> it is a taunt. >> completely in your face taunt. stuart: quickly to the markets in a space of 45 minutes we've gone from up 100 to up 11. that's a switch. next case. a $30 million medicare mystery. charges for ambulances rides but no records showing those got any kind of care. can you say fraud? wait until you hear this one. and coming up models right here on the set. the new startup here to show off what it's got in store for fall. figured women. now, this is interesting story the only way to get better is to challenge yourself,

and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around.

stuart: planned parenthood hearings on capitol hill today. moments ago this from congressman jason simple jim jordan. >> that's the reduction in the breast exam and the red is the increase in the abortions. that's what's going on in the organization. >> this is a slide that has never been shown to me before. i'm happy to look at it and -- absolutely does not reflect what's happening at planned parenthood. >> you're going to deny

that -- >> you've just shown me something no one has ever provided us before. we've provided you all the information about everything -- all the services that planned parenthood provides, and it doesn't feel we're trying to get to the truth here, you just showed me this,. >> i pulled those numbers directly out of your corporate report. >> the first is actually first american life, which is an antiabortion group, so i would check your source. >> comes out july 14th, two days later, you go and issue an apology, and you said this. it's unacceptable, i personally apologize for the tone and the statements. no here's the question. which statements were you pollin apologizing for? but that's not what you said. you said i apologize for statements. we would like to know which statements you were apologizing for.

were you apologizing statements that aren't true. because you normally don't do that in life. if something is untrue and it false, you don't do that, you correct the record. but that's not when you go to the. stuart: okay. there were some fireworks there, give or take on both sides. next case. regional airline, a winner today, upgrades and the price target is raised so republic airways holdings up nearly 11%. look at nike. it's been on a by the of a rally recently, hit a record high of 125 but today, it's one of the biggest dow losers. it's down two points. 120 on nike. now this. more evidence of fraud and medicare system. this time with ambulance rise. new report founded mystery rides cost medicare $30 million. gerri willis has been looking into this and she's going to tell us what on earth has been happening. >> here's what we mean, taxpayer money, $30 million

was spent phantom medicare patients to the hospital from the hospital, on and on it goes. there were no rides. there were just bills, and we paid them. $30million worth and this has been a problem that's gone on with medicare for some time and the ig office here spent all kinds of time trying to figure out were these real, not real, they looked at all kinds of documentation from the hospitals to the doctors all kinds of logs to find out did this actually happen, the answer is no, no. stuart: the money? >> the ambulance companies got the money and medicare solution to this problem is not to hire anymore ambulance companies. would it make more sense to fire the ones who were the problem and get new ones in? it makes no sense to me. so philadelphia, new york, l.a., houston, those are the real problem areas and in this marketplaces, half of the rides were faked. stuart: half of them? >> half of them. stuart: half of them were faked? >> half of them were faked. >> oh, my god. >> so this goes on and on, and

they've been doubling over time since about 2003 the cost of ambulance rides. this is obviously a honey pot the bad guys have found in the federal budget that they're licking up. >> a fireman in the female, the emergency ambulance vehicles are in the firehouses, they are often called, those ambulances to pick up people to go to the eye doctor or the drugstore. so there's an abuse in the system, gerri's ride. >> these are real rides, physically people are taken to the eye doctor or drugstore. >> but they're also private company companies. >> yeah. they're private companies not associated with fire departments. i know a lot of people have good feelings about i'm not sure. stuart: gerri, you got to the bottom of that. thank you. appreciate it. fantasy football a way for guys like you and i to make some money; is that correct? >> no. it's not president the only ones making money in this are gambling professionals. we will tackle that in a moment. >> 56 million people in and

did you say canada playing and only about 5 or 6% of them have played daily fantasy sports game so far. so a lot of opportunity -- a lot of opportunity to get introduced new people to can draft kings

speed you can use a good flag? i certainly can. old men touching a new low. one firm has cut its price. down $2. 170. look at when core. it is near its record low although it's up 15%. sharp falling commodity prices worldwide had really done a number. investors approve of that. up 3%. twenty-eight on yahoo!. harry dent. a huge bear on stocks. on this show earlier today. the markets are in for a wild ride. roll tape. >> hi mid october, october 16, to be more precise, we expect another way down. probably about 15,000. then we will get a bounce in another year.

the worst will, in the first half of 2016. we will not bottom in this area until late 16, early 17. stuart: how about that? michael. you heard harry dent. i am sure you have heard him before. what do you make of these super bears that come out at times like this? >> i do not exactly know the timing and i did not think kerry does either. a tribute to the lake yogi berra. this is like 2007 all over again. the market did drop a level off again. dropping well into 2009. stuart: you agree with him? you agree with what harry dent is saying? >> yes. been there. stuart: why are you so doubtful about the markets? >> i have done a lot of study. it tells me that we are likely

to see another 40-60% or up before we recover from the current secular market. stuart: 40-60% drop. you agree with harry dent. people of a certain age, 55-60, they are looking to retire. get out now and go to cash. go to short-term treasury stocks. do you agree with that? >> i do. stuart, think about it. the markets have dropped by 150%. maybe running up a little bit more. the downside is 40-50%. the downside is, you go to a casino. if you win, you win $15.

if i lose, i lose 60. you will not play that game. unfortunately, a lot of americans are right now. stuart: sell the speculative stuff. go into big dividend plays. that will keep you safe in the downturn. do you agree with that? >> there are a bright he of income generating investments. the level of safety that you want to get into, it will be dependent on what your goals are and other resources as well. some may be able to ride it out. it is time to take some of the games off the table and be a little bit more safe. stuart: we hear you. we expect you to be reassuring to our viewers. >> it is realistic. stuart: thank you for joining us. appreciate that. look at google, please. i'm not quite sure i understand this. launching a new program. it is called customer match.

jo ling kent is here. but see if i have it right. >> okay. stuart: i buy something from macy's online. macy's has my e-mail address. macy's then gives my e-mail address to google. google says, i saw you bought some stocks yesterday. is that how it works? see that google will sell the data in an anonymized fashion. then when you are on youtube or gmail, the ads just populate based on your preferences. yes. this is what happens when you use free products on the internet. you are using your data. google search. when you search, you see those ads coming up later on. why are they in this browser right now. and evolution of that. critics say that it is a violation, one step closer to violating your privacy entirely by selling this data. stuart: i understand.

another way of totally personalizing what comes at you on the internet. >> it is so intense right now. apple just kicks you in the apple ecosystem. let them dominate you buy their hardware. facebook is keeping you inside the newsfeed. you read these articles. this is a very large global strategy. >> only apple is leading you? >> there is the capability of safari to do some ad blocking. stuart: i understood that. very good. how about this. fantasy sports commercials. seeing them all over the place. you can't watch a football game without seeing them. the players union is teaming up with draft changes. marketing dreck late towards the website. okay. we have a new study.

you may not be able to rake in the big dog like you think you can from those commercials. look who is here. fox sports one. the allegation is. >> allegation. [laughter] stuart: the bay program blurs. they are the ones who make the big money on fantasy football. >> shocker. [laughter] >> day trade will not do as well. to me, there is a skill involved in this. you have to know things about which player is injured. all of this stuff. i guess i will pick tom brady. you will not do as well as the guys that do this for a living. stuart: fantasy football has opened up gambling. world wide. anybody can do it and do it legally.

>> fantasy football is opening up a huge market. it is not just that. it is not illegal. you are not bidding on the outcome of a game. you are bidding on the outcome of individual players. it is not just during the game. now, you will see players. tom brady. all of these guys. during the ads about them. it is completely legitimate. stuart: tom brady. the people doing his ads. absolutely. what is interesting, this company, young guys. the ceo that you had on is in his 30s. he is in his early 30s. a very young guys. you look at the facebook. fascinating. stuart: do you play? >> i do not. stuart: why not? >> because i am not very good at

it. stuart: up next, more highlights from the planet. ♪ ♪ ♪ (charge music) you wouldn't hire an organist without hearing them first. charge! so why would you invest without checking brokercheck? check your broker with brokercheck. the health care law gives us we're cracking down on medicare fraud. powerful tools to fight it. to investigate it. prosecute it. and stop criminals. our senior medicare patrol volunteers are teaching seniors across the country to stop, spot and report fraud. you can help. guard your medicare card. don't give out your card number over the phone. call to report any suspected fraud. we're cracking down on medicare fraud. let's make medicare stronger for all of us.

with their airline credit card miles. sometimes those seats cost a ridiculous number of miles... or there's a fee to use them. i know. it's so frustrating. they'd be a lot happier with the capital one venture card. and you would, too! why? it's so easy with venture. you earn unlimited double miles on every purchase, every day. just book any flight you want then use your miles to cover the cost. now, that's more like it. what's in your wallet? ♪ >> i am nicole petallides with your fox business brief. you see the markets gyrating at. the excel of yesterday. the dow up 20 points. right now, let's see where it is. 16,024. the s&p 500 at 1887.

the vix surged yesterday. right now, pulling back. 17%. and then we will take a look at goldman sachs. right now, with the s&p at 1886, goldman sachs lowered its target until the end of the year. 2100 targets for 2015. why are they lowering and cutting these targets? with that, by the way, that is higher than the current level. alcoa. pulling back a little bit. 5:00 a.m. every day. ♪

stuart: the planned parenthood hearing. more highlights. the president stonewalling. some would say responding to jim jordan. roll tape. >> a simple question. >> well, i answered it. >> it is as simple and basic as it gets you do not apologize for things that are inaccurate. you apologize for things that are accurate. i am asking you to tell this committee chairman what were those statements. >> i think i have already made my explanation. just for the record, doctor -- an excellent doctor. you have had your moment. i wanted to make sure that you

understood that she supervised compassionate care and i am proud of her. stuart: that continues right now. stuart: i will call it slap. neil cavuto will air his entire interview with car icon. roll tape. >> i did not want to do it now. a high-yield market. i am better off with bob ross. maybe we will revert to that. a tornado coming. >> he is saying he has a video of danger ahead. charlie gasparino is here. a nasty move down.

>> i have a real problem with him putting out videos. here is how i think. you wanted to be taken really serious. he should be questioned. he should be questioned about his support. why he thinks trump is the best candidate. why he thinks the market is going to fall apart. he has big brother speaking to him. what do you think? >> him and a million others. they are like rear in, stuart. everyone's got one. a great investor. i think, like i said, he'll got the interview. that is great. that is the way that it should be done. >> following up with interviews.

that is fine. >> i am interested in car icon liking donald trump. that is fascinating. who are the experts? stuart: out of time. you they are coming. these models on set in just a minute. unlocking the newest idea in the sharing economy. you do not want to miss this. [laughter] back in a moment. ♪ you both have a

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stuart: you have heard of the sharing economy. wait until you hear about this. when eb. an online clothing rental service. particularly for full-sized women. joining us right here, right now. you have to take us through this. i go to your website. i click and i say, i want to rent that. it comes to me in the mail. i use it and i send it back.

>> yes. a great way to have an unlimited wardrobe on an unlimited budget. we send you stuff. we are going to see them there. the lady in the red dress. i like that red dress. i want that red dress. >> as long as you want to keep it. there are no due dates. you keep it as long as you want. >> it is a memorable color. stuart: let me see the other lady. how much for that outfit for a day. >> you are paying a monthly fee. for $80, you get re- pieces at a

time. renting seven, eight, nine dresses. stuart: plus size. >> yes. plus size. ten-32. >> is that the largest share? >> up 75%. >> a lot of money. hundreds of millions of dollars. >> we are very well capitalized. you are very well capitalized. stuart: if i offered you a half onion dollars cash now -- get out of here. she would not take a half billion dollars. incredible. [laughter] >> creating a ton value.

>> fantastic. thank you very much indeed for joining us. tonight. on kennedy. the representative tile guy. guy. more on this at 8:00 o'clock. back in a moment. >> it is like a guild of class. now he is taking his tail and wrapping it around my glasses. making it a complete -- >> would you like it around your neck? >> i have not under that raise 1993. just so you know.

stuart: we brought you a lot of news today on politics, meetings at the united nations, and this, the dow jones industrial average pretty much flat after a huge drop yesterday. of course, what we're all really waiting for is neil cavuto who's going to play, in full, the carl

icahn interview which has a great deal of rev lance, relevance in this day and age. neil: another drinking show, wasn't it? [laughter] thank you, my friend. it's always a pleasure. all right, well, stuart's been updating you on what have been very contentious planned parenthood meetings on capitol hill. to carl icahn, this is an example of what is called a waste of time. it does get around to talking about how washington doesn't seem to respond to a lot of situations that need quick responding to or any kind of response. so i just wonder how in the context of what you laid out, whether a government shutdown of any sort for any reason at anytime, does more harm than good. >> yeah. look, i personally don't think there'll be a shutdown, but that's my opinion. but what really makes no sense,