selling booze, tip well, gentlemen and gentlewomen. . sandra: thanks. and catch me later on on "your world", and "varney & company" is next, varney, please, sir, take it away, see you in a bit. stuart: i will. can you believe this? riots in the street, global slowdown and stocks are going straight up. new highs coming today. good morning, everyone, you may well ask, what happened to armageddon? you know, the apocalypse that was coming when the brits quit europe? well, this is going on. the world over buyers flooding into america's stock market. a half hour from now, the dow will be close to where it's never been before. we are a safe financial haven. there is one stock that's really a standout and that's amazon. today is prime day. 100,000 special deals or tens of millions much amazon prime customers. amazon the company is now worth

more than warren buffett's berkshire hathaway. what a company, what a stock. politics, two hours from now, hillary clinton takes the stage with bernie sanders. will bernie give hillary a ringing endorsement or what? is president obama the uniter in chief or the divider in chief? with violent protests continuing, he goes to dallas today to calm the nation. "varney & company" is about to begin. watch that market. ♪ >> let's get right to your money. if you're in stocks, you're doing well. all indices are going straight up. the dow could be in record territory right from the opening bell today. look who is here. jeff sika. i want to ask you, what happened to armageddon. wait a minute, i'm going to get

my two cents in here. every in the economy, the world over said there would be a catastrophe if the brits left europe, what happened? >> here is the reality, the brexit is a distraction now that the central banks are banding together with the singlehanded acts of desperation, money printing, lowering interest rates, negative interest rates, what we ultimately have is a distraction and a market that is rallying, there's more money, helicopter money as they call it, so brexit was an issue, but it was not the deciding issue. the deciding issue is yet to come, which is going to be corporate earnings and the european banking system, which is in deep, deep trouble. >> okay. we hear you, you've explained yourself well there, jeff. we'll get back to you in a second. i want to bring this to your attention.

an international tribunal rules that china has no legal basis for its claims in the south china sea, including an area of artificial islands often used by its military. elizabeth mcdonald, china is going to defy that ruling liz: yeah, in the tribunal, china says we're going to ignore it. by the way, there's no policing or mechanism to enforce it. this is a big deal, more than 5 billion dollar worth of trade flows through that area of the world. the u.s. navy needs to get through, as well as big oil and gas fields as well. stuart: louise, china is going rogue? >> how much ships does the haig have. unless there's will by the united states, china will do whatever it pleases and they've not accepted the international tribunal and shows that the

yipes is a chocolate tea party and-- >> a what? >> a chocolate tea party. stuart: that's a first on varn any, despite my abbing, a chocolate teapot. and how things stand before trading begins. this is a big day, the dow is poised to open very close to all-time record highs, up 70, 80 points, right from the get-go this morning. interest rates, where are we now? they've been all over the place recently. we were down to 1.32, i think it was, back up to 1.48 as of this morning in the 10-year treasury yield. how about oil? the price at $46 a barrel, significant gain almost 3% or back to 46. got to tell you though, gas prices keep on falling, around 2.20, the national average now. how about gold? several strong weeks of gains, just below 13.50 an ounce, down $7.

we've got to get to amazon, continuing to go straight up. and that includes this morning, way up yesterday, broke above $750. way up this morning, 759, 760 this morning. it's their second annual prime day, what's with that, liz liz: what's happening, the market cap for the company has grown more than four i'm sorry over the last five years and it surpasses berkshire hathaway, it's sitting behind exxonmobil. it's the fifth largest company in the world in terms of market cap. you know, jeff bezos, personal taking 70 billion, the holdings there. the site has been crashing though and people are having trouble checking out. this is just a hiccup in amazon's march to dominance in the regional space. >> bezos, nearly $70 billion liz: pushing towards it. stuart: moving on to dallas. president obama will speak at a memorial service there today.

now, the new york times says the president will console and reassure the nation, we do not know exactly what he will say, we do know the know what, if anything, he's going to say about black lives matter or gun control. the speech is scheduled for mid afternoon local time today. meanwhile, donald trump he says mostly fairly quiet after dallas, but he did call himself the best law and order candidate. roll tape. >> we must maintain law and order at the highest level or we will cease to have a country, 100%, we will cease to have a country. i am the law and order candidate. stuart: let's roll in trump's arizona campaign chairman j he have dewitt. donald trump seems to be positioning himself as the exact opposite of president obama, that's by design i take it? >> we all need to have better

respect for our brave men and women that put on a shield and protect us. they have a terrible job to do sometimes and you know, we're on track this year to have over twice as many policemen and women killed in the line of duty than we did last year, and so, we have to look out for them. when people are coming out and not taking that into account when they make comments, these people keep law and order in our communities. stuart: i think mr. trump's reference to "i am the law and order" key phrase. i'm old enough to remember 1968 when richard nixon, i think he used precisely the same expression and won the election. is this a throwback to 1968? >> there might be a hint there. and there's a spin-off version just like the show where people noticed that hillary clinton is the law and order criminal intent candidate. stuart: that's a cruel shot. [laughter] trump is going to reveal his vice-presidential pick fairly

soon, maybe thursday or friday. that's correct? >> yes. stuart: you're his person in arizona, you know who it is? >> i'll do the big reveal. no. stuart: you don't know? >> i think only donald trump. stuart: you do know? don't you? >> i think only donald trump truly knows and he has great political instincts. if we've learned anything and great at picking people. when you look at the trump organization. stuart: you don't know? >> that's what he does. stuart: you don't know? >> i think we are going to find out friday. stuart: you don't know? i'm pressing the question, do you or do you not know? >> i don't know for sure, i think it's possibly room to be decided. stuart: do you think he goes for a governor, pence, christie? >> he said in the past he said he wants someone with political experience. stuart: that should give us a ws a hint? >> no, i'm not. stuart: has he given you a hint.

>> this is all for mr. trump to reveal and when he feels the time is appropriate, but i will tell you this, i think everybody's going to be very happy with the pick. stuart: that's a platitude and a half and you know it. [laughter] . >> i think everyone will be very happy. stuart: hold on a second. i want to bring you this, bernie sanders is hitting the campaign trail with hillary clinton, yes, together around 11:00 eastern time today. it's going to be in new hampshire. here is the question, how strongly will he actually endorse her? a ringing endorsement? louise, he's already dragged her way off to the left? >> she is and i think she's going to have-- when she's actually nominated. i think that he's going to pile in strongly behind her because a weak-willed endorsement would look pathetic. what choice does he have? >> she's gone with him to the left. >> and so has the democratic platform. stuart: and so has the democratic platform.

>> because of him. stuart: he's dragged her to the left on college funding. >> let's not forget his wife bankrupted the college that she ran and-- >> hold on a second. his wife? >> the president of burlington college now closed down in the middle of the school year because of its terrible debt. that's what you get from socialism, stuart. stuart: you learn a lot. you learn about chocolate tea pots and now the wife of bernie sande sanders shuts down a college liz: learned it from a britt. stuart: four off duty police officers providing security at a w nba game for the minnesota linx. and they walked off, some, after they came out black lives matter shirts. and they warmed if the players

keep those t-shirts on, officers may refuse to work the games in the future. that just happened. back to the markets, very big day coming for you. look at dow futures, we are going to be up 70, maybe 80 points right from the get-go. that will put us real close to record high territory. and then there's this. it's described as a horrific train crash in italy. two trains collided head-on here the town of andrea. local news agencies report at least a dozen people have been killed in that crash you're seeing now. and then there's this. attorney general loretta lynch testifying before the house judiciary committee later today. i want to know, will she be asked about the secret meeting that she held with bill clinton on the tarmac at the phoenix airport. we will ask one of the lawmakers who will be grilling her about that extraordinary meeting. it's not over for hillary clinton yet. house republicans say she lied about her e-mail use during the benghazi hearing.

they want her investigated for perjury. judge napolitano back from vacation, he's on after this. here he is. ♪ ♪ i'm back, back in new york ♪

>> you will be getting, and in fact, the entire world will be getting all of my e-mails. >> we found work related e-mails, thousands that were not returned. >> i provided the department, which has been providing you, with all of my work related e-mails, all that i had, approximately 55,000 pages and they are being publicly released. >> there's no doubt that the work related e-mails that were removed electronically from the e-mail system. >> the fbi has the server that was used during the tenure of my state department service. >> she used multiple devices during the four years of her

term as secretary of state. >> there was nothing marked classified on my e-mails either sent or received. >> there was classified material e-mailed. stuart: well, republicans now want to perjury investigation into hillary clinton. they say she lied before the benghazi committee. judge napolitano is with us now. lay it out for us, will you? what's the procedure here. they say she lied, now what? >> the procedure is for members of congress to refer a matter to the fbi for investigation. when he was testifying last week, director comey and chairman of the committngressma chaffetz, asked if they were looking at lying. he said we don't have that, and we know what lying is, the other one is subtle, easier to prosecute someone under the statute, called misleading congress whether under oath or

not and it consists of responding to an inquiry to congress by creating a false impression, whether the words or truthful or not. here is an example, mrs. clinton said i neither sent nor received anything, quote, marked classified, closed quote. my quotes, because nothing is marked classified. it is marked secret, top secret, or confidential. and according to director comey, there were 110 e-mails in that category. so by her saying i didn't receive or send anything classified, did she create a false impression? yes, and is it a felony, yes, it is. and that's besides perjury that they've asked to investigate and they will. stuart: i'm not drying it diminish, it sounds like minutia. >> roger clemens was tried twice on this. stuart: it's referred to the

fbi, the fbi investigates. are we in for a long investigation and months and months of-- >> i'm sorry to say we probably are, but the materials for this investigation, you could fit in a folder, 1/8 of an inch thick. that's how precise and clear the case is she either lied under oath or misled congress when she was testifying before it. it does not involve interviewing 150 people or dismantling servers and does not include thousands and thousands of pages of testimony. stuart: it could be a short time before we get an investigation and result. it's hardly unlikely that you'll get anything before the actual investigation. >> probably so. two more investigations going on, one of way has started. stuart: this is all hanging over an american political system. >> yes. stuart: it's awful. >> it's terribly slow and the impression is being given to huge numbers of americans, well more than the latest poll, 56%

said that she got away with something that the ordinary person who could not get away with. anybody else who did what she did would expect the massive machinery of armaments, unless your name is clinton. stuart: and anything on the questions. >> they need to ask the questions that need to be asked. stuart: i want to hear about the meeting on the tarmac. it's outrageous they had that meeting. >> whatever they talk about the impression of impropriety was so strong, it compromised the attorney general and she removed herself from the decision making process. that's rarely happened in american history. question, did bill clinton do that intentionally? >> we will never know, but we could speculate. thank you, judge. a dreadful image, horrible and it's being circulated on the

internet by black lives matter activists. it shows a police officer being executed, it's graphic stuff. we are going to show it to you later and we'll preclude, start with a warning before you actually have to see it. back in a moment. you both have a

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>> we're going to show you the image circulating on instagram and facebook. i warn you, it's flat-out graphic and awful, quite frankly. the image shows a cop having his throat slit by a figure in black. according to fox news.com, it's been up since july 6th and shared over 8,000 times, including by cleveland browns runningback crowell who later deleted the retweet and apologized for it. and facebook says the image is not a violation of its posting policy. >> and yet, its posting policy says you can't glorify violence. if it was, god forbid, a police officer taking a black lives matter, it would be band. jack dorsey, twitter ceo close

friends with lorene nicholson, the black lives activist, twitter allows this on their service and graphic content, but allow it to be retweeted. why hasn't it been deleted. stuart: the top guy. >> friend of jack dorsey and black lives matter have their own icon on twitter. it's being promoted by social media companies. stuart: including the awful graphic we showed our viewers. >> that specific graphic, hate street reported on this and twitter allowed it to be retweeted thousands and thousands of times, including by the cleveland browns running back. stuart: thank you, louise. now, the pokemon craze, it's a phenomenon. it's the hottest game in the app store. what players may not know, it's tracking everything you do and i mean everything. and we'll explain, but people

all over the place walking around with smartphones in their hands. look at tesla, the fcc is investigating them and a third crash is blamed on autopilot function. l nonetheless, it's opening up virtually unchanged. dow, s&p, nasdaq, close to record territory. this is a big day for your money. stocks are going up at the opening bell. watch it moments from now.

>> this is one of the days where we can't wait to see trading begin and there it goes 9:30 aned trading has gun and we're going to go up right from the get go up 60 points. look at that 61 points, 18,294 please remember that the all time record high close for the dow is 18312 so we're about 17 odd points away from the dow record, an now up 66 points on left-hand side of the screen you can see 30 of the dow stocks and try to do the math here 25 of them are green. that's up four of them are down. one and there you go. you get the picture. you do get the per it per an upy and now up 70. how about the s&p 500 it opened

at record high and higher from there. up another 10, 2147. the nasdaq it briefly touched the 5,000 level yed. and it is back above 5,000. very close to the all time high. up 31 as we speak. the price of gold not doing that much in an upday for the storkt. price of gold is down a fraction. it is just below 1350 down $10. how about oil , right around 46 dollars per barrel it is up 83% today but 46 on oil. here's a big number for you. the tenure treasury yield moving up. 1% -- 1.4 at 132 now it's 149. stock of the day stock of the week maybe stock of the year amazon it hits new highs on almost daily basis. in another one today 754 as we spook this is their second

annual crime day that is a very big deal. how about alcoa first company to release earnings report stronger numbers than expected and back just above $10 a share. not good news for tesla fcc investigating autopilot function reports of a third accident. they're down just a fraction. 12 cents only at 224. netflix a new court ruling could affect your ability to share your pass word and account with frentsdz. doesn't everybody do that in not supposed to do that. and nintendo huge day yesterday u up by one-third. up again today. why? because of the pokemon go game. it is a genuine phenomenon walk outside and you'll see youngsters playing the game on the street. that's why the stock is up so much. >> getting their parents heart failure. [laughter]

but at least they're outside. [laughter] look who is out here today aforementioned from chicago market watcher and jack. you're up first. i say america has become a safe haven and so much money is going to american stock. you say? >> chased out of government bonds because they pay less than nothing so they piled in to treasuries here, yield there went down and nowsaur theying let's try stocks. look, check news is good. and while the feted fed is worried about i can't sate word but thing going on in the u.k. with -- leave out a certain union while feds consume that waiting to see what happens we have low interest rates. we have easy money, good economic news here, why not chase shares higher. a better dole. >> i disagree because here's the bottom line we've been in this earning recession on verge of

low expectations for earnings. the fact that the rest of the world is in such dismal shape to money coming into the u.s. does not substantiate a market like this one where we're hitting historical highs. >> but a safe haven america is safe haven? >> it is clearly bests economy in the world. yet it is still not justification to buy into. >> okay liz. five straight quarters profit declines for corporations this is getting a market right now. i think jack is right. i think that's what's happening people pile in because of that dividend deal so sweet to the u.s. treasury. >> above record high close, and, in fact, 7 points above its record high close. tom come in please. i'm saying america is a safe haven. that is part of the reason for this rally and you say -- >> i say good morning stuart. happy days are here again. we're going to the moon maybe we'll get one million buzz there's no place else to go everybody is forcing their money including the government into american equities.

i think it's a major mistake. these earnings are eventually going to continue to get rewarded for beating all of the numbers. it's a brutal situation. but that's what they're doing. they're stacking everybody into one class which is u.s. stock market, and happy days are here. >> okay that's at this point. i mean, you can get two or 3.dividend and interest yield on a bond. [inaudible] >> that's a fallacy. >> not a fallacy. i'm invested in microsoft and 53 per share i owe 52 that's money in my pocket. >> but if i take 100,000 i buy a tenure bond ten years i'm getting 100,000 back plus. interest rate if i buy 100,000 over microsoft in ten years it could be zero. might get nothing out of it. >> unless you're stuart varney. >> really cool. moving on dow is up 103 points.

106 points as we speak at 18 31 how about that in show me amazon it hits a new high on almost daily basis it is dun a fraction today. they've got 100,000 items on special sale for prime customers. okay. that's a very big deal. now they're down a buck. but still at 752 a problem with people not being able to -- >> couldn't check out on amazon because basically site was crashing. but here's the other thing that's going on stock yes levitating higher quadrupled since december 2011. we were watching other stores trying to now hitch their caboose and steal amazon thunder we're talking best buy, kohl's. sears, gap jc penny offering deals in following days because they're going after amazon. >> wow i would too. >> jeff are you buying not you personally. but you as senior editor are you saying go out there and buy

amazon? >> for someone who doesn't mind taking a risk i think stock -- i can't go back to that lifestyle of being amazon bear. i tried that for a while. stock mocked me ever day. neighborhood children laughing so when you lock at a couple of years down the roads you have a company unlocking some serious cash flow. it's a little bit pricey but a promising future. >> still above all time closing higher the dow. we're now at 18,322. i'm going to call this bad news for tesla. more bad news actually. the investigating them and reports of another crash involving their autopilot accident. this time the accident occurred in minnesota. while rid on autopilot. what have you got on this liz? >> about fcc investigation want to hear about that? basically you know, tesla is being accused by fortune magazine that they didn't

disclose investors that that gentleman who died in that fatal crash from florida that they didn't disclose about autopilot program with that crash before they went into the markets and sold about $2 billion worth of shares including big chunk of elon musk shares so thing is, automakers -- market dismissed it because they don't have to disclose individual car crashes and they have boiler language that can cover product liability. >> and not trying to hide anything but disclose transportation regularly just not security people. it's amateur hour. >> posted in a filing. >> and by the way, here, the bar is a million and a half people dying a year in car accidents from our driving. i think that machines can do better. >> but becomed up tesla balance sheet 2 billion cash. they have big ambitions. this that balance sheet. >> stock is going to be a disaster. but still driving cars are for real. let's which can the big board please dow at record highs.

the -- i don't to be too -- over here. but all time intraday high is $18,351 so away from the high but above previous closing high. i hate -- [laughter] >> me too. stocks are here. s&p 500 new record high thank you very much. nasdaq composite home of all of the technology stockses including microsoft is it up 35, 36% i'm squinting 5,024 facebook adding a new encryption feature to their messenger impossible for third party to read messages that would include law enforcement facebook at 118 this morning. starbucks is offering employees at least a 5% raise at the store employees complain online that they were not being paid enough.

up 56 from starbucks. go pro they closed up almost 13% yesterday. a fractional pullback this morning, there's speculation about some new products, that they may be working on. 12 bucks share for gopro, it was that 80. ubs, bad news for that company. they're announcing hiring freeze for the entire wealth management division. nonetheless, it is up 40 cents. 1291. market at rally high so much for market destruction after voting to leave the european union. nicole which stocks helped bolster our markets the most? >> two weeks we gained on the dow jones industrial average i'm showing you some of the stock here. the fastest point and percentage gain since october of 2015 stocks so hard they sold off 872 points and home depot and intel.

travelers these are up 5, 6.over this period of time. johnson & johnson pize pfizer ge these are some of the best winners. truth of the matter is when stock market was plummeting people were nervous, and now the dow is 107 points this close right here an all time record white. >> thanks so much. i want to turn your attention to netflix a new ruling from a court could make it illegal to sharier account password with friends or family. you want to explain. >> ninth circuit court of appeals and head hunter used workers -- password to go into his old bees's company and steal information. in the decision, though, it looks like the decision could potentially be used to criminalize people who share their netflix or their hbo go password or streaming device password unlike lie, though, that net netflix half who do that are millennials.

>> a plus nor netflix out sharing with their family using their password, now cutoff. >> some analysis -- they have to get their own password. pay for it. >> so some estimates of what a billion lost this sharing passwords. streaming devices. going to drop 40% you guys -- >> we do. you know, it's to me a nutty evaluation company burned the through cash doesn't make cash not for a couple of years and when you look at amazon. amazon can snap its fingers and become a much bigger player. netflix is an amazon customer, amazon runs that infrastructure for free because they're selling to other people a durable cost advantage. >> you really don't like netflix. >> i like the service but stock is -- >> "forbes" out with their list of high pest paid celebrities. taylor swift top spot. how much does she make? >> she makes a lot of money let's had put it that way. >> how much? >> 170 million. >> a ton.

last year, and she's topping that right now. so this is basically taylor swift showing the appeal of 15 millennials and that's business model. >> i want to talk income inequality here. [laughter] how about presidents -- camera operator technicians how much do they make compared to taylor swift with 170 million. going to go crazy about those on the screen because they make so much more than those down thed food chain. >> not going to testify. >> we don't. i think we made our point. thank you indeed jeff, and jack gentleman ladies thank you very much. check the big board going up a bit more. points. let me reminding you that the all time intraday close -- high was 18,351 we're ten points away from territory that the dow has had never been in before.

big day for your money yeah it is also a huge day in politics. happening at 10:00 this morning eastern time. loretta lynch testifies to congress, the question we want answers, what was she thinking? meeting with bill clinton on the tarrmac at phoenix airport? we'll be right back.

>> yeah that's correct all time high. moments ago, i should say we reached 18,355 i think it was. 4 or five point above reported high for the dow jones industrial average we made it this tuesday morning. now this, attorney general loretta lynch will be testifying in front of a house judiciary committee later on this morning. congressman steven king republican from iowa on the

comet who will be doing soflt questioning joins us right now. congressman good morning to you. great to have you. rng good morning stuart. thanks for having me. i don't to get into l legalistic stuff about who said what to overwhelm. i want to get into that meeting that was held on the tarmac at airport between bill clinton, the spouse of a woman under investigation by the fbi and loretta lynch the attorney general. are you going to get to that today? >> well i think we will. i think we'll talk about the curious frequent events that build up to that and her had reaction after the press spent two or three days illuminating that situation that chance meeting on tarmac in phoenix which is hard to believe those things happened by chance. and i think also the question that should be confronted with one of them is if this had been an investigators or prosecutor for d.o.j. or fbi met with a spouse of someone under investigation especially a high profile national investigation of this level would you dismiss

that employee or would you actually have an internal hearing before you just miss that employee? >> suppose it was a republican attorney general, and republican form of president meeting with the republican attorney general on the tarmac secretly in a phoenix airport. be entirely different situation wouldn't it? >> well as far as the press is concerned absolutely as far as the democrats are concerned, also absolutely. they would be livid this place would be a tour moll of objections to this and probably taken over the floor again doing another blanket and pillow demonstration in house of representatives and i'd like to think that there will be republicans step up and say we've got to restore integrity in this government no matter who is in charge. >> do you expect that today sir democrats stepping up to say this ain't right? >> you be, stuart i sat in this same room back in 199 8 and 9 when impeachment went on and i democrats going on doing everything to defend bill

clinton i expect they did today but not as intense but a sequel to same seminar owe we've seen back when bill clinton was under impeachment that doesn't end with clintons it didn't even start with bill clinton's impeachment but clear back to white water and beyond but we're not done with ten flabbergasted to have that to have one lie after another. >> thanks very much for joining us congressman you have to go you have to ask is them questions. weal be seeing you later . thank you so much congressman. become to stocks this is a very, very big day. dow just hit highest level that it has ever hit before period. look at this. we call it market scam 30 of the dow stocks 26 of them are up. hillary clinton's e-mail scandal later on this prime minister a guest with a source close to the complin tons had he says hill rei warned about using that private server but she used it anyway.

and next, a divided nation, president obama goes toes dallas today. we will pose this question if the president a uniter or a divider? for your retirement, you wanted to celebrate the little things, before they get too big. and that is why you invest. the best returns aren't just measured in dollars. td ameritrade.

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we're going to bring you as many stocks as possible because especially the widely held stocks because they are going up. this is a market rally and a half. it's fun too. j yeah. stuart: now this donald trump calling him the u law and order candidate. it's a tweet that he sent out this morning, quote, this is an election about law and order and safety or chaos, crime, and violence. i will make america safe again for everyone. joining us now is charles hurt with the washington times. charles, that was a measured statement this morning but has he taken a side in the opposite side from president obama. >> oh, i think without a doubt, stuart. the president has throughout his tenure you know when we came into office he had credibility unlike any -- any president in history. to as a biracial president to come in and address issues

lingering wounds, lingered since the end of slavery. he could have done an awful lot to bring the country together and to heal those wounds. but instead i think what we're looking at right now is we're looking at racial discord. the life of we have not seen in this country in nearly half a century that is a catastrophe that can be related to no one but this president and reason is because instead of always looking to unify people, always looking to blind justice, looking to not prejudge situations, he's repeatedly prejudged decisions before facts are in. he's repeatedly sided against cops or sent signals that he's against the cops. and he's sort of fanned the flames of this racial discourse. stuart: dwump donald trump is u law and order he's said it several times pretty much dane the other side.

he's taken a side and he's taken the side of the police. >> because the beauty of the law and order candidate is that if you really are about law and order in our highests ideals in which you believe in, is you believe in blind justice, and that is a very important thing right now, and we've seen the incredibly, political play season, and the riot around the country in dallas with fights, heroic police officers killed. but in towns in billionth mother last night, yesterday there were five people shot the a peace rally -- stuart: we've got to go thank you for your input charles huge news day running off to look at the market. charles see you again short isly. look at that market go. dow jones industrial trade aring in market territory. stocks across the board are going up this morning. now, happening moments from now, loretta lynch testifies to congress. here's the question that we want answered. why on earth did she meet with

bill clinton on the tarmac in arizona? plus, an admission from germany's angela merkel something we always knew islamic terrorists flooding in europe. more varney in a moment.

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stuart: attorney general loretta lynch testifies before the house judiciary committee. this is all about the decision not to charge hillary clinton for her handling of her emails. we expect the real fireworks to begin later if and when loretta lynch is questioned about her meeting with bill clinton at the airport in arizona last month. did they really just talk about grandchildren? that is what we want to hear about and we will bring you that if and when it happens, we will bring you the fireworks, your money is the real story today. a half-hour into the trading session california is waking up to record highs for the dow industrials, wake up in style,

800351 was the all-time high for the tao. we crossed it and then some. remember we had the worst start to a year for the tao ever back in the first week, remember that? and look at us now, up 118, 328, a new record high for the s&p 500 as well, 12 point gain their. when you look at the nasdaq, all the big tech stocks and small ones too, 5023, it is now positive for the year, the 10 year treasury yield up today 1.49%. it was 132 a week ago. stock of the day, stock of the month, the decade, i don't know. amazon, look at it. this is prime day where prime members have access to thousands

of special deals. more than half of all amazon customers are prime members and they are buying. amazon's rivals are trying to lor customers away, walmart is offering free shipping, macy's doing its own black friday in july. look at them go. >> they are stealing the term black friday away from amazon. >> walmart, target, jcpenney, the gap, not bad, tenured professor of economics, the man with the bow tie, peter morici is joining us now. can you give me the big reason why the dow industrials are off on a tear like this? >> capital is very cheap, it is main abundant by central-bank policies and changes in the economy. businesses can create a lot more value with intellectual property investments than they ever did in the old days with the same amount of money with brick and

mortar and machines, just talking about amazon, amazon was created with not a lot of capital, same goes for google as compared to the creation of the ford motor company. if you have a lot of capital around the drive down its price and that basically means high price to earnings ratios, high stock prices. we have a lot further to go. we could easily justify the market a third higher than it finished yesterday, won't happen overnight but it could happen. stuart: i'm trying to do the math. a lot of math on this program. if it is a third higher it goes up 24,000, that is what you are saying? >> yes. i did it for the s&p, 2800 for the s&p, that is perfectly feasible. and won't happen tomorrow or by the end of the year but that is how much room there is. if you look at the price-to-earnings ratio over the last 25 years it is about 24.9 and right now we are operating a little lower than that and probably be justified by a price-earnings ratio of higher. stuart: a safe haven in a similar world. where a safe haven bring dollars to america and we will take good

care of it, safe haven plus the world is awash with money created by central banks. >> it is awash with money but businesses are using it more efficiently in this digital age. take much less money to create a new product for a lot of value than it did 50 years ago so we don't need as much capital as we once did which means it is just sheets that make stock market high. stuart: does the election have anything to do with this? art laugher was on the show saying he expects the new president to be donald trump, expects him to have a growth policy and that is one reason why the tao and the market is up so much. do you buy into that? >> no i don't. you have to ask what would a smart handicapper say about the outcome of the election? not someone aligned with republican and democratic party. they would say we are probably

going to have to it into government again, it will be hillary clinton and congressman paul ryan. ryan is not going to get all the things she wants to do. a laundry list as long as a kid at christmas list paid for by the same taxes on high income americans. she spend that money 60 times. ryan won't go along with that which basically means likely to be more of the same. she won't have much room for executive action. barack obama has done all that stuff, you can. stuart: to you the election is a nonfactor regardless of who wins. to you it is all about the efficient use of money by corporations. and the safe haven, that is what you are arguing. >> that is what i am arguing. it looks like republicans are going to blow it and lose the house and senate and all bets

are off. hillary clinton and nancy pelosi running the country will scare the market. even though people like jamie time in our true blue democrats, the reality is giving money to democrats but they pray at night and won't live with it in washington. stuart: i will throw this at you. the international court in the hague says china has no claims over the territory it is claiming in the south china sea. it has no right to build those islands into military areas, china has rejected that decision. what do you say to that? any comment? this is a big deal in geopolitics, not a big deal for money. >> china, participating in the jurisdiction which is absolute nonsense but the only way is for the u.s. navy to enforce, it will be interesting to watch two

things, china pretending the ruling doesn't exist and barack obama pretending the ruling doesn't exist. barack obama is not about to send the navy in there to enforce the law of the sea and passage and all that. he doesn't have the stomach to do the right thing or the russians wouldn't be in the crimea, isis wouldn't be in libya and the chinese wouldn't be building military bases in places where they have no sovereignty as they are doin now. we need a new president before we get any movement on this. stuart: thanks for joining us. to our viewers you will see a lot of stocks quoted on your screen because this is a big day for the stock market. a lot of stocks would pop up on our screen throughout the show. >> the breath of the market, 300 names in the s&p, it shows it is not whatever we were talking about earlier.

leading markets higher and what is striking is 5/4 of profit decline in corporations. this could be the second-largest bull market in history with what we are watching right now. we were talking a bear market in february with the tao down 15% with the fed rate hike and china fears and the gentleman from economist magazine on the night of brexit saying armageddon, but guess what, if you state it you are doing nicely. stuart: the attorney general of the united states, loretta lynch taking her seat, about to be grilled by the house judiciary committee, the fireworks begin, there will be opening statements, gavel to order as you just saw, we will be bringing that hearing, you will hear what is going on when the fireworks begin. conventional wisdom says candidates for the presidency need to be unifier's. donald trump, is he the guy? is he a unifier? does he want to be a unifier?

let's ask katrina pearson, trump's national spokesman. is mister trump setting himself up, directly opposite president obama? when mister trump goes out and tweets i am the law and order candidate, exactly opposite president obama? >> it is deliberate even if it is the truth. donald trump is the one candidate throughout the primary process that has proven he has been able to unite 10 million votes, broke a record in the gop, brought in new voters, independents and even turned democrats. he is already the unifier. now the we have an opportunity to take his policies head to head with hillary clinton which are simply more of the same as he said, the secretary of the status quo, we will bring more

people. stuart: jeb bush is out there today and late yesterday saying there will be no war, no been on muslims and people are going to feel betrayed by donald trump because he is not going to do a lot of things he says he is going to do. i can hear you laughing why? >> that is why there is no jeb bush as the presidential nominee in 2016. that is what they are used to, politicians going on the campaign trail they never extended to keep in the first place because they are all funded by special interests that are in opposition to the policies that they espouse and that is the way it has been. the reason donald trump has been so successful whether it is the republican primary or the simple fact that he is in striking distance before the election to hillary clinton, someone who has been out there for decades on

policy is because people know trump is a man of his word. if he says he is going to do some thing he does it because that is his record. stuart: so he is going to build a wall? >> he is going to build a wall. a while is going to be built. stuart: muslims coming to america. there will be. >> the wall is going up. it is a necessity and has already been appropriated in congress. mister trump wants to make sure the country is safe and people who live on the borders are safe and we can stem the problem at the drug crisis by maintaining a secure border and convincing those who seek to harm americans, that has not been done before by anyone and mister trump has committed to that. stuart: next hour at 11:00 eastern, bernie sanders will take the stage with hillary clinton in new hampshire. donald trump is tweeting about it. he says i am surprised, i am surprised bernie sanders was not true to himself and his supporters. they are not happy he is selling out.

what percentage of bernie sanders can win over? >> it is showing 15% to 20% because the fact he is going to be supporting hillary clinton i doubt he will go on the campaign trail. and they are vandalizing and assaulting people, they are not happy bernie sanders is getting behind the woman that represents -- those individuals also see mister trump as someone who is outside of all of that. he has no special interest he is beholden to because he put up $55 million of his own money and pushing for a policy that doesn't put one group or another, doesn't separate one american from another. his policies are making america great again for everyone. a strong economy is strong for every community and quality education is good for every

community and those individuals who were supporting bernie sanders will see mister trump is the best thing they can get for him. stuart: thank you very much for appearing with us again today. always appreciate it. katrina pearson, thank you. we have been running along the side of the screen lots of different stocks on this up day, not as up as it was but still up on the day. look at the tao 30, and stocks are going up, and in the red, it is down. we are up 67 points. we are up 67 but we are still record territory. and still monitoring attorney general loretta lynch, the hearing on capitol hill. they will be asking about that

meeting on the plane in the phoenix airport with bill clinton. judge andrew napolitano is coming shortly, he is going to pass judgment momentarily. >> revocation of security. ♪ [announcer] is it a force of nature? or a sales event? the summer of audi sales event is here. get up to a $5,000 bonus on select audi models.

stuart: we were up 120 and record territory but we are up 70 and close to record territory. anyway you slice it this is a big up day for stocks. hope you own some. alcoa traditionally the first to release their earnings, earning season begins, they released last night and they are up this morning, 31/4%. how about the airlines? united and american, big slide with various downgrades and fears that when britain leaves the european union could hurt their business but clawing back their losses, both of them up in big percentage terms, united up 6%, american up 4%. ruth bader ginsburg making their opinion of donald trump very

clear, very well known. here is what she told the new york times. i can't imagine what this place would be. i can't imagine what the country would be with donald trump as our president. she added now it is time for us to move to new zealand. byron york is with us. that is out of bounds. if there was a trump administration, ruth bader ginsburg would have to recuse herself from any case brought to the court by a trump administration. out of bounds, am i right? >> i think you are. don't know of any expert who said that what justice ginsburg said was appropriate. don't think anybody said it is appropriate. if there is any litigation surrounding this coming -- she would certainly recuse herself and others have said if donald trump were to become president

obviously all sorts of issues involving his administration would come before the supreme court and every single litigant would argue the supreme court justice ginsburg should recuse herself because of what she said before the election. stuart: it reminds me of the elites lining up en masse against britain leaving the european union and what happened? they left the european union. now we have the elites lining up en masse against donald trump. i wonder if the same outcome will apply. >> there is an extraordinary amount of group think in some parts of the left but the -- the bigger issue is a member of the supreme court. ruth bader ginsburg was appointed by bill clinton, she is a democrat, no doubt about that, no doubt samuel alito appointed by george w. bush is a

republican, but it has been a tradition for supreme court justices who are supposed to be the least political of the branches to stay out of a left oral politics, stay out of politicking in presidential campaigns. for that group, making their wishes known is inappropriate. stuart: an hour from now bernie sanders will join hillary clinton at a rally in new hampshire. he will endorse her. the question is how ringing will that endorsement be? >> i look for his condemnations of donald trump to be more ringing than his endorsement of hillary clinton. bernie sanders kind of missed his moment. of the june 7th california primary he was supposed to do well and that was his opportunity, to pull out of the race and get behind mrs. clinton. instead for more than a month's he sat around and made conflicting noises and

statements about it. what we have seen in his public statements is he will say something on the order is it is time for democrats to get together to defeat donald trump. no big ringing endorsement personally of hillary clinton. stuart: it is important how far he goes to endorse hillary clinton because how many of his supporters will migrate to become hillary clinton's supporters. that is a big deal, she needs as many of his supporters as she can get. she needs a ringing endorsement of her, not just a condemnation of donald trump. >> that is the big issue. in 2008 when hillary clinton lost that long contest with barack obama some of her supporters -- most came around to supporting barack obama in the general election. bernie sanders might be a little different. the sanders rallies i have gone to the supporters i talked to, a lot of them believe hillary clinton is fundamentally

corrupt. they believe she is in the pocket of big wall street banks, in the pocket of big money and has always been so and for those people to come around to hillary clinton might be more difficult than eight years ago so what bernie sanders said as far as endorsing her will be critical in how they think about her. stuart: you will be parsing every word. i know it. i appreciate you being here. we have been showing a lot of stocks, almost all of them are up. the big names you may hold. all of them, almost all of them are up today because we have a strong rally. the price of oil not doing anything important for stocks today, $45 a barrel, been that range for a long time. remember the attorney general is on the hill being grilled by lawmakers, opening statements at

this particular moment in time is what you are looking at, opening questions, opening statements, when they get to the questions we will take you there and see if there are any fireworks. we are particularly interested in that meeting at the phoenix airport between bill clinton and the attorney general. our opinion, that meeting should never have taken place completely out of bounds. >> the question that needs to be asked is how was it serendipitous that two major airplanes with secret service, they need to grill into that. that will set the stage. stuart: that is one of the stories of the day. the other is the stock market. we are up, more in a moment. ♪ approaching medicare eligibility?

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stuart: attorney general loretta lynch right now reading her opening statement sworn in before the house judiciary committee, opening statement going on now making her position clear, talking about shootings. listen in for one second. just listen in for a second. >> this incident follows on a series of devastating events that rocked our nation last week, tragic death of alton stirling in louisiana and casteel in minnesota. stuart: she is at this moment talking about the shootings in dallas. she is before that judiciary committee to answer questions about the non-indictment of hillary clinton and, we suspect, the meeting with bill clinton at

the airport in phoenix. judge andrew napolitano is with me now. maybe i am off-base here. judge napolitano: from the first few minutes of it. stuart: the fact that that meeting took place is absolutely out of bounds. judge napolitano: i have rarely seen an event involving a sitting attorney general receiving such condemnation from across the ideological and political board in the legal community. for whatever reason she met with him, whatever reason whether it is truly coincidence or plan and, we will find out in a few minutes, no matter what they talked about, hillary's legal problems or the grandchildren? the image that was given was she was compromised and needed to remove herself from all

decisionmaking and she apparently did. removing herself, removes her senior staff and that left the fbi with the final word. you can't find 5 times in the modern era post world war ii when the fbi, not the doj for which the fbi works as the final say whether someone get prosecuted and this is one of those examples. stuart: the fact that the meeting took place is the reason that the attorney general gave it entirely to professionals at the fbi. stuart: bill clinton, shrewd and wiley as he is concocted this to take, to compromise the attorney general. that is an independent crime called obstruction of justice for these people to be investigated and who will prosecute them? loretta lynch? stuart: what we did not put on the screen is loretta lynch being sworn in. what she said must be the truth.

judge napolitano: will she risk losing her career to practice law. and administration she served loyalty. >> the president appointed loretta lynch with the attorney general in new york, and -- stuart: loretta lynch is talking about shootings in dallas. judge napolitano: i can't blame her, the shootings in dallas and events, that is not why she has been called there. that is what the majority wants

to ask her. and they want to ask about bill clinton and jim comey, and the big story of the day is your money. the dow industrials, 18,310, earlier, went to the highest level ever for the dow jones industrials. back in a moment. this just got interesting. why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis and a $200 savings card

stuart: money, the dow industrials setting all-time record highs earlier today. stocks up across the board. loretta lynch on capitol hill now taking questions from the judiciary committee. listen in please. >> not grounds for recusing yourself? >> with respect to the conversation i had with former president clinton in phoenix, it was a conversation held on the airplane, on the tarmac. the former president indicated he wanted to say hello and i agreed to say hello and we had a social conversation, nothing of any relationship to the email investigation was discussed, nor were any specific cases or matters before the department of justice discussed. >> we will have follow-up questions later but let me turn your attention to director comey's conclusions, secretary

clinton stated she never sent or received information marked classified on her server. director comey stated that was not true. do you agree with director comey? >> director comey chose to gave great detail on the basis of his recommendations that were provided to me. he has chosen to provide detailed statements and i would refer you to those statements. i as attorney general am not able to provide further comment on facts or substance of the investigation. stuart: i think you would agree the ultimate responsibility for a prosecutorial decision does not rest with the federal bureau of investigation but with the department of justice which you head have you not taken a close look at the work done by director comey especially given the extreme national interest in this issue to make a determination your self whether you and those working for you agree or disagree with director

comey? >> i received the recommendation of the team and that was with prosecutors and agents, the unanimous recommendation how to resolve the investigation and the information they received. stuart: do you agree with the conclusion? >> i accepted the recommendation and saw no reason not to and reiterate their work. >> secretary clinton said she did not email classified material and director comey stated there was classified material. do you agree with director comey's conclusion? >> he would have to refer you to director comey's basis for the recommendation. of the one director comey said there was evidence of potential violations -- stuart: what just happened? explains this. of the one chairman of the house judiciary committee is asking the attorney general of the united states if she independently evaluated the conclusions of the fbi and is refusing to answer the question. she is simply saying we don't talk about those things in public. she has sworn under oath and was ordered to discuss these things in public. stuart: back to the hearing and

what is going on there. >> you have to come to the final conclusion whether or not to act, i would presume that before you acted you would look at a conclusion whether you agree with them or not. >> i received a briefing that included not just the prosecutors but the agents and director comey, their unanimous recommendation was being resolved in the way we announced and i accepted the recommendation. >> one final question that does not regard the specific facts with regards to secretary clinton but director comey said there was not clear evidence secretary clinton or her colleagues intended to violate laws handling classified information. my question for you is is intent to violate the law a requirement under 18 usc section 903f? >> the statute considered here speak for themselves. to answer further would require a discussion of facts and

analysis of this matter which as i indicated i am not in position to provide at this time. i refer you to director comey's discussion, the team reviewed this matter and it was the unanimous decision. >> you made a decision following their recommendation to you that you were not going to prosecute and the matter was closed. >> i made the decision some time ago i would accept the recommendation of that team and was awaiting the recommendation. when i received it there was no basis not to accept it and i reiterate my pride and faith in them. >> appreciate your faith in them. the concern is regard to your sworn oath to uphold the united states constitution and the laws including 18 usc section 903f and section 1924 and 2 and conclude no prosecution would take place without examining and drying conclusions regarding the questions i just asked does not

seem to be a responsible way to uphold your constitutionally sworn oath. at this time i recognize the ranking member of the committee the gentleman from michigan. stuart: i want to bring in judge andrew napolitano to discuss what just happened because that was monumental wasn't it? judge napolitano: he said in essence the statute only requires gross negligence and the director of the fbi said we couldn't find any intent. did you independently analyze the statute your self to see if you agreed with the director of the fbi interpretation of it? she basically said i can't get into that. that is a legal issue and we don't discuss legal issues. what is she called there for but to answer the questions about what her thinking was when she decided to exonerate hillary

clinton? did you blindly accept what the fbi gavependently analyze it? she won't answer the question. you see how frustrated i am. anyone following this would be frustrated. of the one you are the legal guy, we appreciate that. i want to bring in a political guy, byron york standing with us, watching what is going on. the political judgment i am going to make is this is not good for hillary clinton. >> it is not. what you are seeing is he is focusing on something that hasn't received enough attention after the comey announcement. put aside the fact of the case, that meeting on the tarmac, there is a question of who makes the decision about whether to go forward with hillary clinton indictment and the attorney general tried to turn herself into a bystander. she said the fbi director will decide and i will go along with the decision which she confirmed

is what she did but you have seen a lot of people from the justice department, not just republicans, veterans of the justice department say investigators investigate and prosecutors make a decision whether to go forward with a prosecution. in this case the attorney general is not a bystander. the attorney general is the ultimate authority about whether to prosecute and here she is not saying anything about this decision. stuart: it is an astonishing performance. that is my point of view. thank you very much. i am going to be a little extreme, seems to me the fix is in. judge napolitano: not extreme at all. there is a lot of evidence for it. next time you dip into this hearing there are two hearings going on. the republicans are asking about it, the decision not to indict mrs. clinton and the meeting with loretta lynch and bill clinton. democrats are asking about gun

control and whether tragedies of last week would have happened if we had different laws about gun control. two entirely different dynamics being played out at the same time in the same place for different political reasons. stuart: when the hearing began the opening question from the chair was, his opening statement i should say, was all about the email scandal, the fbi's handling of that scandal but when loretta lynch started her opening statement it was all about dallas, all about gun control. the same with the democrat congressman who just asked the question which is all about guns in dallas. judge napolitano: which is what she would prefer to talk about because when she is forced to talk about the fbi and the email investigation she doesn't want to give an answer. stuart: complete avoidance of what she is there to answer questions on. judge napolitano: makes one wonder if she knew what the fbi recommendation would be before she decided to accept it blindly without any internal evaluation

of it. stuart: listening and watching all that is going on. >> you said it right. it makes you feel the fix is truly in. this decision was to be had beforehand, she knew what the fbi would recommend. she said she can't discuss the facts of the case. they are counting -- counting on the fact the american people made a decision about the emails, that is in the past, this is a testimony they can tolerate, won't answer any questions and wait this out. it proves they were never invested -- >> also known for the backslapping relationships, fbi director james comey worked on the whitewater investigation and investigation into bill clinton's pardoning of mark rich, different investigations

going on, revolving door influence with the clinton foundation between that and the state department. stuart: let me see if i got this right on legal and political terms, the meeting on the airport tarmac in phoenix between former president bill clinton and attorney general loretta lynch who is on our screens, that meeting should never have taken place and we know it and she knew it. judge napolitano: no matter what they discussed. stuart: as a result of the meeting the attorney general says i am out of this decision. it will be taken by the professionals at the fbi, career professionals at the fbi, she is using that meeting as an excuse not to answer substantive questions today. judge napolitano: that is a terrific summary of what we are confronted with and you will begin to see congressman goodlatte is a patient man, you will seem younger members of the committee who will be less

patient with her refusal to answer questions and you will see their efforts to ask how did you prepare for this testimony? at the west wing of the white house did they tell you what they don't want you to talk about? you are supposed to make an independent legal evaluation and you are our lawyer and you won't share what that evaluation was? your humble colleague here -- stuart: so the news will be made. the news is made not by the attorney general's answers but the questions. >> so irritating about washington dc, they fall into the looking glass, watching this show going on in washington. stuart: just wrapped into the most extraordinary year in politics. >> it affirms the narrative of

the system in the minds of so many people that the elites can get away with it and cover for each other. and hide behind a veil that that is not my responsibility. i held a meeting so i can carve myself out of this decision. stuart: can you imagine what the new york times would say or the washington post if the attorney general right now was a republican and met secretly with the republican former president? >> top fold of the new york times. judge napolitano: i remind you that bill clinton himself is a target of one of the public corruption investigations. stuart: back to the hearing a republican asking a question right now. >> sensitive information. the criminal statute uses the word gross negligence. i can't for the life of me figure out what the difference is between gross negligence and extremely careless unless one really wants to parse some

words. the misdemeanor statute does not require intense. it is a strict liability statute that relates the removal and retention of classified information. it doesn't matter whether secretary clinton had the intent to do that or not but the fbi said she did it. i think what director comey has said his secretary clinton's actions meet the definition for prosecution under the statute. why did you defer director comey when the responsibility is yours? >> thank you for the question. let me be clear that my decision was to accept the recommendation of agents and investigators who worked on this and these other

career attorneys and dedicated investigators including the fbi director who worked on this matter for over a year. they reviewed the facts, followed the facts, looked at the law, applied the facts to that law and came up with a unanimous joint recommendation provided to me. >> the fact is whether it is extremely careless or gross negligence and strict liability of statute, i think the language of the statute is clear. i noted that the justice department over the last several years has prosecuted several service men for doing the exact same thing secretary clinton did. in one case actually reached a judgment of a court that prohibited that serviceman from ever having a security classification. you have a problem, attorney

general, people think there's a different standard between service men and secretary clinton and the fact the language or not synonymous, and prosecution and conviction of the service men. we have a burden to convince the american public that you don't have a double standard, you are not -- to change the argument to make the american public to be convinced that it was correct and you made the right decision rather than deferring to people in the fbi and prosecutors. >> every case stand on its own facts and application of facts to the law but you have to refer to the specific facts of other matters you are referring to. with respect to the investigation into the former

secretary's handling of classified information, i can tell you and this entire committee that the relevant facts were considered, investigated thoroughly and reviewed by the entire team which again is composed there is investigators and lawyers and recommendation on full and thorough analysis, the matter resolved in the way to get to me. and accept the recommendation and did accept the recommendation. >> one final question. one of the service people who was prosecuted sent an email out that fellow marines were in danger and he got prosecuted for awarding his fellow marines that their lives might be in danger. stuart: there is a lot of news being made on capitol hill this

morning and that hearing that is going on right now. we have to take a short break. it will be short, we are back with more in a moment. stay there please. you do all this research on a perfect car,

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>> loretta lynch on capitol hill grilled by lawmakers over the

hillary clinton email scandal, loretta lynch not answering questions from republicans but is answering questions from democrats on gun violence. also happening, the dow and s&p hitting record highs, the nasdaq is in the green for the year. we have another event happening this one, bernie sanders campaigning for the first time with hillary clinton in new hampshire. the event is minutes away, bernie sanders is expected to endorse hillary clinton for the very first time. jeff flock is live there. what are you seeing? >> reporter: yes. it is a raucous crowd. the place is packed but here is the thing. there are as many bernie sanders supporters as there are hillary clinton supporters. every time a cheer goes up for hillary clinton, we see folks

with bernie signs making their own viewpoints known. this is a metaphor or indication, listen. >> bernie! bernie! >> reporter: the bernie chance, not sure whose rally i am at at the moment. this illustrates the problem hillary clinton will have consolidating support and going a long way when bernie sanders comes out and endorses, we are going to wait on that. >> hillary needs the bernie sanders voters. next our china's man-made island in the south china sea ruled illegal by international law. china ignoring it and president obama, the nation appears divided, racial tension very high. we will get stuart varney's take on that. a guest with sources close to

the clintons say she was warned about using a private server in her home for national security secrets but clinton used it anyway. our 3, 3 minutes away.

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stuart: are we following some big stories are well? yes it is 11:00 in the morning here in the east coast. 8:00 in the morning california time yet on the left of your screen, a live look at attorney general loretta lynch testifying before the judiciary committee. this is all about the decision not to charge hillary clinton for handling of e-mails. she will be on the screen shortly. on the right-hand side, the podium at which bernie sanders is due to take the stage in support of hillary clinton. that is portsmouth, new hampshire. the real drama will be how vigorously he supports hillary. how many of his supporters will now support hillary clinton.

here is the other huge story. this is about money. that is why it is huge. a record high for the dow industrial average is well above 18,300 d. earlier today. still at 87 points. on the left-hand side of your screen, market scan, all 30 of the dow stocks, most of them in the green. it is an all-time high for the s&p 500 as well. of course they brought this market indicator way, way up again today. the price of oil going virtually nowhere this morning. still around 45, $46 per barrel. 45 but just a dollar. that is not played a role in today's stock market action. this is. amazon, the annual amazon prime day. 100,000 items on special sale for prime customers did earlier, amazon reach 756, way up it by the way, now worth more if the company did berkshire hathaway.

bearing in mind the all-time high for the gal, stop laughing, ladies. i want to play clip for you from the night of her special british exit boat coverage. roll tape. >> this is a movie people have seen before. black swans overshoot. if a person is going to panic, don't get in their way. there will be a subtle enough point. almost like a capitulation. people stop selling. they are breathless and a chance to come back in. this is going to come back very nice. stuart: he was right. that was the night of the brexit vote at the dow was down 600 points. he correctly said hold on, it is going to bounce back. lo and behold they did. peter kiernan, the man who got it right. also the cohost of outnumbered, sandra smith. let's go to the man himself.

stop hogging the camera. peter kiernan is with us. no armageddon, you got it right. >> what i love about this show is we never try to turn a tropical storm into a hurricane. this is a great opportunity to buy and hopefully your viewer sees day. stuart: hopefully. they should have. that's for sure. liz: despite the advice of the economist magazine that the whole world is going to blow up. train to all of the elite that if the breaks go to leave europe, it is a catastrophe. it is armageddon. it is all the way down. you got it right. he said get in there and maybe choose submarkets thereby as the market bounced back so strongly? in a real way this has no impact near term. we don't know what's going to happen. a decent leader has emerged in the u.k. from our market, we are starting to see some green shoots of real growth in our business and we are striving to see a retreat of volatility.

volatility that night was 25. the volatility index sometimes called this year and next. today 12 and three quarters. almost cut in half. hasn't been this low since the sober. this is a very calm market. >> is a former trader come you're making me nervous. that could be a good contrarian indicator. and things that are commonplace thing, don't you want to go the other direction? when you look at the bond market, we talked about that yesterday. investors need to do some lame. the only game in town despite the reasons for this crime. >> one of the things that is exciting, to your point is we are starting to see japanese investors in european investors come here. we are the only game in town. stuart: we are safe haven. look at 1.3% yield. you'll get something.

if you don't, you don't get anything if you invest in a japanese government under german government on. they keep your money. >> will say to people is don't pay attention to the q2 earnings so much as their foreword. liz: weather is bullish or bearish. stuart: dupont at 3%. nike is up nearly 2%. jpmorgan chase up one and a quarter%. the list goes on and on and on. if you've got stocks in your portfolio, you are probably doing quite well. look at microsoft. yes, i do own some of it. liz: what was the second longest bull market in history in this study march the 2009. also the rodney dangerfield market appeared to get no respect. stuart: something exciting about money. that's the way i am. something extremely excited about the dow jones average guard at the highest level it has never been before.

stuart: you don't look very excited. >> this is a movie we've seen before. watch the outlook and never bet against the $17 trillion economy. it has the ability to repair who's ever in the white house. >> e. sound oddly optimistic. >> that's not going to be for a while. they will stay low for a good long time. stuart: peter, don't overdo it. you got it right, okay. >> straightener stories going on today. the market all-time high for the dow jones industrial average. bernie sanders about to endorse hillary clinton. we don't know how big of an endorsement we'll be, that he is there speaking with new hampshire. that is happening now. another big story. attorney general loretta lynch still testifying before the house judiciary committee. listening to what she has been

taking. inaccuracy the recommendation of the team in the team is composed of prosecutors and agents. the unanimous recommendation of how to resolve the recommendation. again, i reiterate my pride and faith in their work. the basis for his recommendation. >> judge napolitano, for the benefit to did not see her analysis earlier, when everything from the attorney general does far? >> was in the attorney general refused to answer questions about the decision-making process in which she engaged, when she ratify the decision of the fbi director and his team not to think mrs. clinton can type. she has refused to say whether or not she engaged on the analysis and schuster is to discuss requirements under the espionage statute of whether or not the facts as found by the fbi that the standards and you and peter and sandra have been

discussing the same thing happening over and over again. the hearing this year and i'm listening to you. only in america. the democrats persist in asking her about gun control. republicans persist in asking her what decisions were made and how they were made. she's not answering questions. >> what is happening is loretta lynch is not answering questions about how the justice department and the fbi change the law, saying basically do need intent to prove gross negligence. the dude made hillary clinton's intent to prove that. you do not need to have intent. setting a new standard basically, soldiers and other people prosecuted for gross negligence about the intent. that is a big deal. sandra: what was your response to her big question about why

and this open investigation she met with hillary clinton's husband, the former president. she said we didn't discuss the investigation. does that even matter? >> donald was mrs. clinton the subject of a criminal investigation, her husband was as well. the case involved -- sandra: what you make of her response? >> at the nonresponse. the effect of the meeting was to compromise her in the eye of the public and she used that to get out of the way. when they get in conflict in phoenix. stuart: extraordinary situation. a major story as we speak. the all-time highs up 90 points. yes, bernie sanders is about to endorse hillary clinton, are bringing an endorsement will be. watch the show because he will find out. back in a moment.

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stuart: the rally holds america is a safe haven and we had very about interest rates. the world is a awash in money and our stock market is going straight out. we are up 90 points as we speak just about all-time highs. across the board, stocks are higher today. that is also true the nasdaq composite firmly above the 5000 level. it is up 33 points as we speak. all stocks all across the market are up. the s&p 500 is a broad-based indicator. red sox in that index, up another half%. 2149. big winners for the dow dewpoint -- dupont 90. dupont is up 3%. the big tech stocks are also higher. also, american express, microsoft reaching 53. shot from the oil company at 106. the list goes on. loads and loads of big winners. goldman sachs, caterpillar,

intel at $34 per share. how about that? you look at most of the big names and most of them are up today. second it already. loretta lynch still being grilled before the house judiciary committee. that is tarot issa. judge napolitano has been listening to this. but as issa insane? >> you've been grilling her and she refuses say why she refuses to answer in continues to say i refer you to the record, i refer you to what to write here comey said. why is this marine who warned al qaeda operatives dressed as cops and an encampment will happen to do it on his gmail account was prosecuted for this inadvertence, for this carelessness when mrs. clinton was not. i ask you to look at the facts of each case and you can come to your own judgment. those are the other shoe given. it is profoundly as they said.

it is profoundly a refusal to answer the question being put to her. stuart: she will never get over this secret meeting with bill clinton, that has been that the woman under investigation by the fbi. she will never get over that. she is tuesday night meeting at the next he is not to answer questions today. >> just as she is using a mix is decide whether or not mrs. clinton k. should be a grand jury. stuart: you are the goal guy. to me it is the fix is in. >> to whom does this play? who has been saying for several months now the fix is in comedy elites run run the system. they don't care about everybody else. this is the essence of donald trump's argument. he can make a lot of hay about what is going on today. stuart: word story, another big one about to happen. it is in new hampshire. her newsstand or shortly will be

out a podium. not hillary clinton, not bernie sanders, but momentarily they will be on the same podium. here's the question. how much of a ringing endorsement will bernie sanders liberated to hillary clinton. how many supporters will he deliver? a pretty good question because for the first time, they too will be together on the campaign trail and it will happen moments from now. peter kiernan is with me. he is the guy who got it right frankly. he told us way back when the british decided to leave europe that he was not that big a deal and that our stock market would bounce back quickly and it absolutely has. let me ask you a political question. if hillary clinton is elected resident of the united states, do you go hold with the view that the stock market keeps going up? >> this is the most awkward to send senior prom watching ernie

and hillary come together. if you look at the platform discussion going on right now in orlando, they tell you a lot. she is getting pulled further and further left. she had to cave on the free tuition for in-state public universities. she had to cave on obamacare initiative. she did not cave on tpp, by the way. her candidacy and her platform is much more to the left than it ever would've them by virtue of what's going on in new hampshire. that's not great for the market. stuart: if it is more of the same, why can't the market keeps going up because it's gone up over seven years. >> this is to the left of the same. the way to look at it is a race they pull on the bernie site to the left. liz: peter is right. the very threat to the u.s. in recession was basically the oil patch and the democratic party

platform says no to cracking, yes to all climate change measures, possibly a carbon tax. they are to the left of what the obama administration is doing. double really flatland oil and gas sector. the only thing. manufacturing is a high-paying job forward forward in this country. stuart: if we get a trump presidency, coming right at you with this one, does this market go straight up? liz: and think it was higher, yes. stuart: peter marie c. suggesting that we will go to 24,000 a day one third -- up by one third if we get a foot movement in the american economy. transport au -- if you get a trump presidency, keeping an imbalance,, you can see a power -- not sure about the timeframe. stuart: you got it right on the brexit vote.

>> i think growth is the absolute right word, key to everything. growing great jobs, breadwinner jobs. jobs where you can feed and care for your family. trump is going to deliver more of those. he cares more about the middle class. hillary clinton does not. stuart: we have three very big stories. the one in your screen right now is the extraordinary rally for stocks that we have seen in the past week and a half. today we are all-time record high for the dow industrials. we have never been at 18,352 before. we got there earlier today. second big story, the attorney general of the united states of america not answering questions directly where it concerns to hillary's e-mail investigation by the fbi. she has sidetracked questions come up refuse to go directly at the subject matter. the question posed to her by republicans. that is going on right now. that is on your screen at the

moment. third big story. we are waiting for bernie sanders to appear with hillary clinton and portsmouth, new hampshire. we will find out how big of a deal is a bernie sanders endorsement of hillary clinton. how strong will it be? how amicable will it be? will he dragged his supporters into the hillary clinton camp? it's a very big story because this is a presidential election and hillary is the candidate for the democrats and it is bernie sanders who has dragged her away to the left. can you imagine this? history being made. >> this is like dudley moore running across the beach to bo derek. not like that at all. i think this'll be an upward embrace. i will tell you a lot of bernie supporters are so sure. stuart: i will make a prediction. it will be a ringing endorsement. it will be fascinating to watch. if it's a mediocre endorsement, lukewarm, he looks bad. liz: here is one headline.

you know, as the train left the station? did elizabeth warren steel bernie sanders found her? he did not endorse hillary clinton, when she won the california primary back in early january. stuart: i think it will be a while before bernie makes it to the podium and address of the microphone. they are in together. i couldn't see ms. clinton for a moment there. she was behind the crowd. they are together. not linking arms of his feet, but they are together. >> it is interesting he chose a state where he beat her by 22 points. this is going to be a very interesting morning. stuart: bernie sanders beats hillary clinton by 22 points and new hampshire. is that accurate? who chose the venue? president obama, midafternoon in

texas, and dallas time, the president will be at the memorial for the five slain officers in dallas, texas. that will be another major story. by the way, what you are looking at now on the screen, and they are playing a bruce springsteen song. i'm not quite sure what it is. i'm not very good with music. nonetheless, that is what they are playing. >> it should be born to run. stuart: with me of course is judge napolitano. i wonder if the legal guy has anything to say about the politics of the day. you do, don't you ?-que?-que stion-mark >> it is fascinating as peter points out, clobbered her amongst democrats in new hampshire and they have not as the venue. whatever he says could possibly rise to the level of an uzi at some of senator warren. stuart: important information for viewers. we take care of our own.

never heard of it, but that is what's playing. >> the new interpretation of the cause to shame. take care of whoever wants to take care of. let's just listen and because they are going to start to talk any moment now. listen to bruce springsteen, why don't we. ♪ [cheers and applause] [cheers and applause] >> bill mckibben, kim dean, governor happened, senator shaheen, thank you for your kind remarks. let me begin by saying keen to 13 million americans who voted

for me during the democratic primaries. [cheers and applause] and thank you, new hampshire for giving us our first great victory. [applause] and a very special thanks to the people of the state of vermont whose support for so many years as mayor, congressman, presidential candidate hosting me, jane and our entire family. her mock, thank you. [cheers and applause] but may also tank that hundreds of thousands of volunteers throughout this country in every state of the union who work so hard on our campaign and the millions of contributors who showed the world that we could

run a successful national campaign based on small individual contributions [applause] 2.5 million of them. [applause] to gather we have begun a political revolution to transform america and not revolution continues. share my together we will continue to fight for a government which represents all of us and not just the 1%.

a government based on the principles of economic, social, racial and environmental justice. [applause] i am proud of the campaign we ran here in new hampshire and across the country. our campaign won the primaries and caucuses in 22 states and when the roll call at the democratic national convention has announced, it will show that we won almost 1900 delegates. [cheers and applause] is far more than almost anyone thought we could win.

but it is not enough to win the nomination. secretary clinton goes into the convention with 389 more pledged delegates than we have an a lot more superdelegates. [cheers and applause] secretary clinton has won the democratic nominating process. [cheers and applause] [cheers and applause] and i congratulate her for that.

she will be the democratic nominee for president. and i intend to do everything i can to make certain she will be the next president of the united states. [cheers and applause] i have come here today not to talk about the past, but to focus on the future. that future will be shaped more by what happens on november november 8th in voting booths across our nation and by any other event in the world.

i have come here to make it as clear as possible as to why i am endorsing hillary clinton. [cheers and applause] and why she must become our next president. [cheers and applause] during the last year, i have had the extraordinary opportunity, an extraordinary opportunity to speak to more than 1.4 million americans out of rallies in almost every state and our

country. i was also able to meet with many thousands of other people at smaller gathering and the profound lesson that i learned is that this campaign is not really about hillary clinton or donald trump or bernie sanders or any other candidate who sought the presidency. this campaign is about the needs of the american people. [cheers and applause] and addressing the very serious crazies that we face. there is no doubt in my mind that as we head into november, hillary clinton is far and away the best candidate to do that.

[cheers and applause] it is very easy to forget and republicans want us to forget where we were seven and a half years ago when president obama came into office. as a result of their greed, recklessness and illegal behavior on wall street, our economy was in the worst economic downturn since the great depression. some 800,000 people a month were losing their jobs. we were running up a record-breaking deficit and the world financial system was on the verge of collapse.

we have come a long way in the last seven and a half years and i think president obama [cheers and applause] i think president obama and vice president leyden or his leadership in pulling us out of that terrible recession. [cheers and applause] but i think we can all agree that much, much more needs to be done. too many americans are still being left out, left behind. in the richest country in the history of the world, there is too much poverty. there is too much to spare.

this election is about the single mother i saw in nevada holding that she was scared to death at the future because she and her daughter were not making it on a $10.45 an hour she was earning. this election is about that woman in the millions of other workers in this country who are falling further and further behind as they try to survive a totally inadequate. [applause] hillary clinton understands that we must fix an economy in america that is rigged and that spends almost all of the new wealth and in calm to the top

1%. [applause] hillary clinton understands that if someone in america worked 40 hours a week, that person should not be living in poverty. [applause] she believes, we all believe that we must raise the minimum wage to a living wage. [applause] and further, she wants to create millions of new jobs by re infrastructure. [applause] r. rose, our bridges, our water systems, our wastewater plants. but her opponent, donald trump, well he has a very different

view. he believes that states should have the right to lower the minimum wage or even abolish the concept of the minimum wage. if donald trump is elected, we will see no increase in the federal minimum wage of $7.25 an hour, a starvation wage. this election is about which candidate will nominate supreme court justices. [applause] who will nominate supreme court justices who are prepared to overturn the disastrous citizen united decision, a decision

which is allowing billionaires to buy election and is undermining our day. this election is about who will appoint new justices on the supreme court, who will defend a woman's right to choose. [cheers and applause] who will defend the rights of the lgbt community. [cheers and applause] who will defend workers rights, the needs of minorities and immigrants than the government the ability to protect our environment. [cheers and applause]

if anyone out there thinks that this election is not important, take a moment to think about the supreme court justices that donald trump will nominate and what that means to civil liberties, equal right and the future of our country. this campaign is about moving the united states towards universal health care. [applause] and reducing the number of people in our country who are uninsured or underinsured. hillary clinton wants to see that all americans have the right to choose a public option

in their health care exchange, which will lower the cost of health care for millions. she also believes that anyone 55 years or older should be able to opt into medicare. [applause] and she wants to see millions more americans gain access to primary health care, dental care, mental health counseling and low cost prescription drugs. [applause] to a major and dramatic expansion of community health centers throughout this country.

hillary is committed to seeing thousands of young doctors, nurses, psychologists, and dentists and other medical professionals is in underserved areas as they follow through. president obama's idea for a tripling funding for the national health service law. [applause] in new hampshire, and vermont and across this country, we have a major epidemic of opiate and heroin addiction. people are dying every day from overdoses. hillary clinton understands that if we are serious about addressing this crisis, we need major changes in the way we deliver mental health treatment throughout this country.

[applause] and that is what expanding community health centers will do and that is what any medical personnel into the areas we need them most will do. no surprise there. same old, same old republican contempt for working families. he wants to abolish the affordable care act, throw 20 million people off of the health insurance they currently have and cut medicaid for low income americans. the last thing we need today in america is a president who doesn't care about whether millions of americans will lose

access to the health care coverage they desperately need. [cheers and applause] we need more people with access to quality health care, not fewer. hillary clinton also understands that million of our seniors, disabled veterans and others are struggling with the outrageously high cost of prescription drugs. she and i are in agreement that medicare must negotiate drug prices with the pharmaceutical industry. [applause] and that we must expand the use of generic medicine. drug companies should not be

making billions in profit, while one out of five americans are unable to afford the medicine they need. [applause] the greed of the drug companies must end.ut the grotesque level of income and wealth inequality that currently is. the worst it has been in our country since 1928. hillary clinton knows that something is fundamentally wrong when the very rich become richer while many others are working long hours. strain to forgive me, ladies and gentlemen, but i am going to interrupt. being an englishman by birth and listen to a socialist manifestoes many times in my life and i'm not sure i can take another one all the way through. a little political commentary on

what we have just heard. i have with me peter chernin, amazon jiles, very older. to you, first. he is stealing the show. this is a socialist manifesto. >> i'm going to surprise you here. i respect him a great deal even though i disagree with him on almost everything because he has cut an enormously powerful deal with the clintons in order to get this platform and to get his platform to become the party platform. i think what he is doing as he is stumping for his new job, which is going to be a very powerful senator with a lot of leg and a lot of leverage over the democratic party. i think they gave him an unbelievable license. he's going on and on without discussing her at all. this is his platform. stuart: georgette, i heard a socialist manifesto. read this, free.com expand their stomachs than that.

i didn't hear a word about who pays. >> i called hillary clinton a bobbing head. you are seeing the new democratic party right here and it is a socialistic party. she said you could opt-in at 55 years old. does he not understand we are living longer? think about that, opt-in at 55. stuart: you can opt into medicare at the age of 55. again, even though longevity is expanding. you will be in medicare subsidizes them for decades and decades. who pays. they do not understand how jobs are created. if they did, none of this would work. this is the platform and this is the new democratic party and we are all in trouble. stuart: senator bernie sanders is still talking about what he wants from the democrat party, what he wants to do with america.

hillary is not being an looking somewhat awkward i have side. larry elder is with me from los angeles. you are laughing. why? >> well, my father cleaned toilets for a living, had a small little restaurant near the people unit area of downtown los angeles. my mother and he were making a momentous decision and congress in its infinite wisdom raise the minimum wage and my parents for the decision for a whole year, which is by mom and dad had a real world effect when arbitrarily raise the minimum wage as they do to $15. you didn't hear the word that our deficit. this is a slow walk towards socialism, the same system you come here for. >> you are in los angeles. it essentially ended in california.

>> bright. he got trounced because california has a three to one registration in favor of democrats and republicans. hillary is very popular in the state and hillary outlasted him in this day. she talked about the minimum wage, turned her back on the trade agreement. turn it back on welfare reform. back in the mid-90s. she just does socialized in california. stuart: by the way, bernie sanders is not talking about climate change, rising sea levels, extreme weather, threats to us all, it better, it better. he has been talking now for 18 minutes and hillary has been standing by his side nodding and occasionally applauding as you can see now. there were three very big stories going on today. there is this in portsmouth, new hampshire come or bernie sanders appears to be dragged in the democrat party way over to the left. that is what he is doing right now. another big story on your screens.

the dow jones industrial average way out. 120 points higher as we speak, reaching all-time highs. we have never seen the dow at the levels we have seen today, ever, never, no matter what. the third big story is loretta lynch, the attorney general of the united states of america. before the house judiciary committee. they have been questioned about the e-mail scandal and the fbi's role in it. i want to bring in judge napolitano who has an update that she did not answer questions directly about the e-mail scandal. what has she been doing in the last half-hour? >> she's been answering questions about copyright law and the effect on the music industry in los angeles. you think is a joke, it is true. she did answer one question from congressman steve king of iowa on the left side of your screen now as to whether or not the meeting with former president clinton and was planned in

advance. he asked that a couple minutes ago and she said no, i did not know he wanted to use any until after her plane landed and i decided to have my plane and was even in line. that's the only question having anything to do with this. stuart: you are with us over the last hour. when the testimony began, we made the point at the meeting on the tarmac in phoenix, because they should have never taken place at all is the reason why the attorney general almost recused herself from taking direct decision in the fbi's investigation and why she is now not answering questions. >> we may never know the true reason, but the state of reason as to why she took herself out of the chain of command and permitted the final recommendation of the fbi ordinarily given in private and in secret to the doj, to be given in total to the american people and be the final

decision. this is unprecedented in the post-hoover fbi, which i think he left in 71. >> why didn't she recuse herself and give it to someone else, the number two? why did she do that and that someone else look at the evidence and make a decision. >> stated reason are also obama appointed some part of her inner circle and if she was tainted, they retain it. >> the trouble with this is another example if you look at the week of bodies in careers that behind, this is a woman whose nature is. a great career i remember as a formidable prosecutor. her brother was in a vcl and a preacher and rent the pastor. this is a good woman and she is trapped into doing this kind of dancing around beit answering great detail questions on the relevance is in trivialities and not answering key questions in

the case. >> it is amazing how the clintons can get away with everything. anyone around them gets tainted by them. stuart: larry elder rants a call-in radio show. you have been listening to at the red of lynch and the republic of the democrats on the house judiciary committee have been named. >> could anybody have a solution that hillary would be an added by doj? most people thought comey would be slow walk until after the election are ultimately the right of lynch was bad they did not find any culpability. i'm surprised the polls show most americans are not happy with what james comey did. hillary is home free. she won't be indicted. >> very quickly, i am a comey fan. he did do one thing. he did leave breadcrumbs to

congress, how they can go after by saying the perfectly powerful session with dowdy. she didn't say she agreed on this, she said she didn't agree on that. i didn't have a reference if you guys want to study, let me know. >> he didn't have the courage after that long speech. stuart: before we go away from this, judge, there is going to be an fbi investigation into hillary clinton lying to congress. that is going to happen. she is not out of the woods. stuart: even if they find she did lie to congress because loretta lynch's -- bill clinton meets with her again. >> as we've told everybody, three very big stories today. the rebbe allege attorney general testified before congress. dow jones industrial average hitting record highs. never seen this before. never been about 18,350 before.

it reached that level today. the third story, portsmouth, new hampshire. bernie sanders is still chalking up his own program. i am not trying to be funny here. i just didn't expect this. poor hillary has been standing next to him while he gives up a socialist manifesto ad nauseam. it is now very close to 25 minutes that he has been standing there talking about how far he strikes democrats to the left and poor hillary is standing there is my ailing, occasionally applauding. let me listen in again, please. it is still socialism 24/7? >> i know her and all of you know her as one of the most intelligent people we have ever met. [cheers and applause] outstanding president and i am proud to stand with her today.

thank you all very much. [cheers and applause] stuart: as we watch the endorsement right there in new hampshire. i have this question is about the same generation as myself. did you ever think you would see the day in the united states of america were a socialist would dominate the scene for the democrats in the run-up to a presidential election? >> no, i didn't. i never thought at this late stage anyone would be so successful in pulling someone away from the center, which is the path to 1600 pennsylvania avenue. she is not strategy. there has been no studies the right real estate to a developer like donald trump. she's been pulled away from the main path to the white house. >> how can hillary go back to the center after this. >> she just can't.

they went too far out left. all they can do now is dave appeal to their base for sure. now they are going to give the other ethnic groups that want everything for free. >> she cannot go back to the center because she needs bernie sanders supporters. they are very important to her. >> that is right. the dirty secret is the democrats have been socialist for a long time. there is a poor years ago and 52% of democrats had a positive view of socialism. the cover story of newsweek's end quote, we are all socialists now. frankly bernie sanders or somebody like that should have been anticipated. stuart: at risk of feeding a question to my colleague, judge napolitano, i will ask the question anyway. do you ever think you would see the day?

does socialism splash across our scene? this is the united states of america. >> and saddened to see because it's antithetical to the concept of vapors to liberty and free sci-fi at it. antithetical and it treats all of us as a collective of members of groups and possess at the beck and call of the government redistribution of wealth. that is what these folks want. that will not appeal to the middle. it will appeal to bernie's people and half of her people. without the middle, she loses. stuart: we are a financial program and this is a bit this network. we've given free reign to 25 minutes of socialist propaganda. let's listen again. >> bernie and i have worked on plans to put college within reach for more people and to ensure that everyone in america has access to quality affordable health care. and now, with your help, we are

joining forces to defeat donald trump in november and gas, together, build a future we can all believe in. [cheers and applause] just as bernie said over the years i've gotten to know him as a colleague and a friend. has reputation for passionate advocacy hasn't always made him the most popular person in washington. but you know what, that is generally i sign you are doing something right. [cheers and applause] and throughout this campaign, senator sanders has wrought people off the sidelines and into the political process.

he has energized and inspired a generation of young people who care deeply. stuart: ladies and gentlemen, for the last three hours we have been covering extraordinary stuff. three big stories. the stock market, hillary and bernie on the stand on capitol hill. i want to go around our table from comments from all of our guests on the three big stories of the day. peter kiernan, first of all the record high. >> as exhilarating as that is another swatch in your corporations say about their forward outlook for growth or growth is the word that will carry this economy. if there isn't wrote the word. if there is growth investing. stuart: georgette is just dying to get in on socialism. go. >> this is the new face of the democratic party. a socialist, as you said manifesto. the question is going to be, will the center of this country buy into this? if they don't, we will see a

donald trump presidency. stuart: larry elder, i have to ask a question about california. do you think california will vote for donald trump? >> i don't. california hasn't gone republican since 1988. he will do better in california than previous republicans have. there are some states that are tossup like pennsylvania, michigan, ohio, florida, that donald trump will do better than predecessors have. there is a real good chance that you stick to the economy, illegal immigration, terrorism and supreme court justices, a real shot at winning the election. stuart: judge napolitano, you are with us. you have stuck it out for a bitter two hours. >> i have terrible hearing in my other ear. stuart: what is the take away? >> to take away if there is no intellectually sound justification for the decision not to prosecute mrs. clinton.

we know that because attorney general lynch refuses to answer any question about e-mails, the fbi or the decision not to prosecute. when the democrats ask her a question about gun control or copyright law, she's willing to ask in great detail to their satisfaction. stuart: before we close out, i want to go back to the stock market because this is really some pain. we started on the show at 9:00 eastern time. we knew we were going to go well. we did not realize we were going to go to an all-time high. if you look closely at 18,350. the previous all-time high which the dow had never reached before today was 18,351. that is where we are as of right now. amazingly enough, with a world awash in money, negative interest rates, riots on the streets, et cetera comment header, et cetera, you know the negatives. look at that positive. the dow industrials all-time high right there as at this tuesday morning.

what a day. thank you, i run for joining us. thank you to all of our guests for great coverage on a very important day. regrettably, our time is up, but charles has got it. >> thank you or image. i will. appreciate it. i'm too good a coast to coast, the democrats have now moved further to the left. >> hillary clinton believes that we must substantially lower student that and that we must make public colleges and universities tuition free for the middle-class and working working families of this country. >> trompe vying for supporters. i am somewhat surprised that bernie sanders is not true to himself and reporters. they are not happy he is selling out. i am charles payne and for neil cavuto. we are going to talk about this