thought i always like stock market rallies based on earnings. it's telling you that markets and investors are reacting to fundamentals, which is what you want to see. great to see you, ladies, thank you very much. morgan and dagen same place and tomorrow tomorrow morning. don't forget the prime time coverage tonight kicks off at 6 p.m. i'll be live at the arena where they're taking place. stuart varney starts now. stuart: watch out, maria, i'm going to be watching you. maria: i know you are. [laughter] >> good morning everyone. we really ought to call it the trump family show, the man himself, his wife, the kids on full prominent display. donald, jr. made the announcement. there he is, dad is now the official republican nominee for the presidency. today in cleveland, the theme is make america first again. mike pence will speak, eric

trump will speak and so will former candidate ted cruz. his speech, listen to this one, his speech reportedly will not be vetted. big risk. the trump campaign has not been told what ted cruz is going to say. he could say anything. a little drama there. for the media this morning, it's an over the top orgy of trump bashing. here is a headline from "the washington post," you won't believe it, another day of the g.o.p. convention, another night of terror. what? terror? clearly donald trump is fighting hillary clinton and the entire media establishment. ♪ >> sound the trumpets. would you believe another stock market rally? yes, again. we are headed where we've never been before. who would have thought. 18,600 probably in a couple of minutes. "varney & company" is about to begin.

♪ it's my honor to be able to throw donald trump over the top in the delegate count tonight. >> he draws out the talent to driving people so they can achieve their full potential. that's a great quality to have in a father and better yet in the president of the united states. >> congratulations, dad, we love you! >> you know, it's the trump family show right there every night of the week at the cleveland convention. now, i promise, i do promise we'll get to all of that. first, we have to get to the markets, poised to open at yet another record. today, on track for seven straight days of record gains. and now-- [trumpets] >> why not? i do own some of that stock. [laughter] their business is all about the cloud. that's the great pc server in the sky where you can store

your stuff and get at it at any time. it's a huge growth business and microsoft is on it, i do own some of the stock, going to be up today a couple of bucks. now, the great 2016 stock rally, peter morici is here, tenured economics professor at university of maryland. don't forget tenured, that's important. peter, you told us a couple of weeks ago you thought that donald trump has something to do with this market rally. you still feel that way? >> well, i do. he creates a-- he shakes things up and creates some optimism that things can get better and they can if we get rid of this administration and don't elect a third term of hillary clinton. you know, the economy has so much more potential than it is fulfilling, that's why businesses have so much cash on their books. and they're essentially not investing, even though there are a lot of great ideas to invest in. in the meantime they're finding ways to be more emisht and make nor profits and this is a

profits-driven rally which i wrote about last week. stuart: i've got to be disappointed last night at the convention, the economy was the theme, but i didn't hear much about growing the economy, cutting taxes, getting on board with a positive view. i didn't hear that last night. >> well, what you heard were two prominent republicans in the face of ryan and mccconnemc, hedging their bets. they're concerned about the house and senate and they're alluding to their own agendas in reality. ryan wants you to know that he's going to be there to defend the republican agenda no matter what happens. i believe that the republicans are still skeptical about trump's ability to win. it's well-founded skepticism, not in the candidates, but for them. the behavior of kasich, he's in his state and the guy won't come out and help. stuart: that was kind of ridiculous if you're on the republican party. that's division. >> it's not called for. stuart: you're right.

peter, i'm glad you gotten y-- got tenure, you're going to need it. apart from microsoft, look at morgan stanley, it's going to be higher today. the stock will open up, and morgan stanley shares are actually down 30% since last july, they're coming back up a little today. look at lockheed martin, up more today. you've got to watch the big defense contractors. they've been on a tear recently. what does it tell you? i don't really want to answer that question. the price of oil is down today. $43 a barrel. and an hour and now, the latest numbers on supply. and 1.57%, that's the yield on the 10-year treasury. to politics, the media pulling out every single stop you can imagine to skewer donald trump. look at usa editorial board.

america, be afraid, be very afraid. usa today. and op-ed, washington post, the trump convention is a triumph narcissism. from the new york times, donald trump claims nomination with discord clear, but family cheering. joining us is sam clovis, national trump campaign chair. i have a long list of negative headlines about trump and i know you're smiling, you're always smiling when you appear on this program, but what are you going to do about this? what can you do about it? >> i think the biggest and moss important aspect of this is what the american people are going to think. this is really, i think, the last 36 hours i've been amazed at the incredible onslaught of pundits and media people trying to get the four decimal places what's wrong with the republican party and what's wrong with donald trump. frankly the american people

don't see it that way. they're looking for a leader and they found a leader in donald trump. i think all the stuff going on in cleveland, i don't think it's going to matter at the end of the week because i think we are going to see a bump for donald trump in the polls. all of this frenzy of pulling hair out and rending of clothes is not going to matter a wit to the american people. >> a potential negative, that would be ted cruz. he speaks tonight. as i understand it, his speech has not been vetted in advance which means you don't know what he's going to say. he could really wreck things or he could make things. that's a potential risk tonight, sam. >> i think it is, but i also think that we have to trust senator cruise to come out and make the case for conservative, we're going to hear the same from governor mike pence. the underpinnings has always been conservativism. and they'll put a cork in the

bottle on the protests and turmoil in the party. let's be honest, this was a bare knuckle fight from the start and a lot of feelings got bruised. as we go on for the campaign. people will have a choice for donald trump and hillary clinton. i think senator cruz will be with him. >> that's how you're posing the republican party, how you're trying to get unity, if you don't have trump, you have children. >> right. >> that's how you get the party to unify, correct? >> that's right. what we've been asking all along is to compare and contrast. let's compare and contrast donald trump with hillary clinton and i think the american people have already started that process of shoozing. if you look -- they've started the process of choosi choosing.

we have people that are galvanizing and i think we'll see people shift from mrs. clinton to donald trump. people will say am i going to be better 0 of with hillary clinton as president, the answer is, i'm not well off now, and i can't see another four years of barack obama so donald trump becomes the clear cha choice. stuart: sam, that's plagiarism. you're going to ronald reagan 1980. you are, you know. >> well, i'm a college professor with tenure as well so i feel pretty much bullet-proof, next to a government job that's the next thing close to eternal life on earth. stuart: nothing wrong with that and i'm glad you kept that smile. we'll see you shortly. >> thanks, stuart, always great to be with you. stuart: got some extraordinary pictures to show you, a big dust storm. now, that's a dust storm near phoenix, arizona, drivers along the highway told to be very,

very careful because of the reduced visibility. ashley: do you think? >> what are they doing in front of you? that's a big wall of dust moving across the land, it paralyzes traffic, i'd say. ever seen one of those things? >> i have, i've lived in arizona, it gets into everything. stuart: much worse than tumbleweed. arizona-- no, no, amazon, misread, sorry. amazon committed to using drones for delivering and he's purchasing drone perches atop lamp post and they have a place to recharge. they land on the lamp post and then recharge liz: quiets the wild turkey sitting there. stuart: we live in the future. donald trump facing fierce criticism from the left.

and a professor golfer comes to his defense. this lady you're about to see is next on this program. >> i believe that god's timing is purchase and he puts people in our lives to help make us a positive impact on those around us. one of those people for me, is donald trump. my business was built with passion... but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. with it, i earn unlimited 2% cash back on all of my purchasing. and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... which adds fuel to my bottom line. what's in your wallet?

>> yes, if you're just waking up and joining us again, we're set for an opening higher, again, maybe 40, 50 points up again, we're on track for seven straight days of record gains. back to the convention. golfer natalie gulbis was among the speakers last night talking about a side of donald trump you wouldn't normally hear about. roll tape. >> the first time i played golf with him in 2005, i shared two things, countless ceo's, billionaires and politicians before him. one, i had a dream to open up

my own boys and girls club. and two, i was deeply frustrated about being treated differently as a woman, overlooked and underpaid in business. i'm proud to tell you that with donald's help i opened up the natalie gulbis boys and girls club and in response to my frustrations about being treated unfairly as a woman, he adamantly rejected the notion and offered me a simple eyed that changed my life forever. never fear challenging the status quo. stuart: and natalie gulbis welcomes us now. great to see you. >> thank you, it's very nice to be on, thank you. stuart: now, you know, everybody throws the book at donald trump. he's a bigot, a sexist, he does terrible things and says terrible i think so this about women. your story last night was the exact opposite. you met him first years ago and he helped you get started in the golf world, is that accurate?

>> well, i met him in 2005. we had our tour championship on his golf course in florida and that was the first time i met him and got to play golf with him and fast forward till now, he's just been such an incredible influence in my life both in business and reich we heard, helping me up a boys and girls club. he has been a tremendous supporter and a positive influence and just one of those people that continue to encourage me and someone i can reach out to for advice on business or more, just when i'm having a challenge with being a female going into a tough meeting or going into, you know, just anything having to do with the world of sports. stuart: natalie, a lot of people when they come out openly in support of donald trump, they get a little hostility from the people around them, friends, family, colleagues. there's a lot of hostility to trump supporters when they come out into the open. what happened when they realized you were going to

speak at the convention in favor of donald trump? >> well, knock on wood that they guess, but i've had an overwhelmingly positive response. i play in a women's sports organization and i am around women entrepreneurs very, very often and my sponsors and my friends and family, a lot of people know donald and know donald the way that i know donald. my family stayed at his house in florida and he's been an active part of me opening up my boys ab girls club, which is my single greatest accomplish: it's been all positive. stuart: i want to leave people because on this program, gary player frequently appears with us. >> i've seen it. stuart: and he wowed our audience because he's 80 years old and he does 1300 sit-ups a day. could you do that? >> i know, he's unbelievable. i've not worked out yet so i

can start doing some now ap you can start doing some and maybe together we can get to 130. no, he's insane. he's actually incredible. stuart: incredible. >> and a physical specimen the age 80. >> 2 is rounds of golf at average of 80 he averaged a score of 70. >> i mean, isn't that amazing? isn't that every golfer's dream to shoot your age and he's got it by 10. he keeps beating us . stuart: congratulations on your speech last night. >> thank you. stuart: look at more stocks moving. this is just facebook hit $120 a share, going up some more this morning. please remember, three years ago, that stock was $25 a share. chris christie coming out against hillary clinton big time.

the crowd went wild. watch this. >> as to hillary clinton, the charge of putting herself ahead of america, guilty or not guilty? you do all this research on a perfect car,

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♪ >> oh, that's bamba, and that's liz: happy music. stuart: energy, and because we've got microsoft, i own some of that and-- >> you've owned it half your life. stuart: not quite. now, look at this, this is chris christie fired up last night at the crowd. he held a mock trial to prosecutor hillary clinton's record as secretary of state. just listen to this. >> hillary clinton has a failure for ruining libya and creating a nest for terrorist activity by isis.

answer me now is she guilty or not guilty? putting big government spending financed by the chinese ahead of good paying jobs for middle class americans, is she guilty or not guilty? the flawed evaluator of dictators, a failed strategist who permitted russia back in as a major player in the middle east. is hillary clinton guilty or not guilty? lying to the american people about her selfish, awful judgment in making our secrets vulnerable. what's your verdict, guilty or not guilty? >> and the crowd went on to chant lock her up, lock her up. now, is that a turnoff? because that was kind of-- >> it feels like mob justice and mob mentality. such a departure from what the conservativism that the bushes ran on and won in the broader

electorate. will it bring in the broader electora electorate? is it a positive vision, didn't feel great. ashley: well, it was one way of highlighting the things that hillary has been involved in. there's a line and point where you see we get it and the whole lock her up, too much liz: too much. stuart: back in '04 they had a lot of flip-flops because of john kerry's flip-flops. that, i think-- >> it felt like scary mob mentality and mob justice. ashley: even if you don't like hillary clinton, don't think it should be at the convention. just my opinion. we've been up, up, up, for a long time and we'll be up again four and a half minutes from now. a gain of 50 or 60 points.

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eight straight days trading sessions at this time of the day we come on the air and we sate world is in turmoil, anxiety is is everywhere. but that stock market has been higher that's what they're saying all over again now u. three seconds, this market opens. and yes it will open higher again. 9:309 here we go where are we now? thank heavens we are up 32 points. i didn't want to be proven wrong right from the get go. on left-hand side of the screen most in the green. most of them are on the upside. now take a look at microsoft profits getting boost. sales -- okay. ♪ trumpets -- profits getting a boost because they're really into the cloud business. more on that in a moment. the stock sup nearly $3, 5.5%. facebook just hit 121 dollars

per share. lower profit at morgan stanley but investors don't care. stock is up again that's morgan stanley up again. share price of lockheed martin up 3%. there you go. locke martin ping it's open. we are up a fraction. $2.59 there. amazon stock not too far from the all-time high. story here, they patented way to a drone landing spot where the drone recharges. so it can make more deliveries. i know you're -- fascinated. more on that in a moment. netflix stock is down big yesterday. it reported weak subscriber growth edging back almost a buck now but still 86 on netflix. don't forget oil, down today. 43 dollars a barrel. we get the supply numbers at

10:30 this morning plrpt take a look at the tenure treasury yield 1.85%. an important number these days. start with microsoft doing well in the cloud. i want to -- have some unctioning of the cloud. liz mcdonald in chicago. here in new york, peter the tenured economic professor is with us. i want to -- every one of our viewers to understand what is is this cloud computing. shaw says he can make me understand in two sentences. go. >> initially cloud is all about hardware moved up to someplace where it doesn't exist. so firms don't have to buy hardware or servers, informs is stored basically in the cloud. that can be expanded very easily you can access that information in the cloud from pretty much anywhere. the cloud is about. >> that was awesome. >> explain the cloud in two sentences you're a professor. come on. >> drop box it's a place where you can go and store your files

but in addition you can access software, and computing power online, without owning a big computer. so it's very beneficial application. but it's really shaking up the i.t. industry. that's why for example, ibm is in so much trouble it's because it compete effectively with cloud enterprise. >> election year a long winded explanation. >> in mind, the cloud it's that great server in the skies. where you store your stuff and any dwis you got link up to the cloud to get your information. >> why torture everyone why not at the outset? >> i said that. [laughter] but then i then went on. i mean, i'm a professor. stuart: three paragraphs less than that. time, time, time breaking news on disney. what's -- wait a minute. this is a serious stuff. what's this about the alligator attack? >> you remember that family, the parents of the young boy killed

by the alligator has announced it is now t not suing disney over what happened. they released a statement saying in for the that we will solely be focused on future health of our family and not pursuing a lawsuit against disney from matt and melissa graves,ed glad we got it in inject that into the conversation. a serious subject. disney is down not because of that story i don't believe. other factors play in walt disney more movers for you lower profit but the stock is up. halliburton company says things are looking up. [laughter] wouldn't you know it stock is down. american express reports after the bell today, no change at all as of now. look at the past 12 months for american express it is actually down 18 -- 18% not a great chart. ebay reports tonight where is it now dead flat down 3 cents. intel where's it now dead flat yeah 14 cents higher.

defense stocks they're making news recently all time highs across several of the big contractors, look at them now lockheed l3 -- why defense stocks doing so well? >> since president obama has been in the white house, we've been at war pretty much from the entire term of his now, of course, inherited much of this but defense strox from strength to strength. revenue sup. been selling their private jets, f35s, you know, it's been a boom not only for those type of defense but aero space industry as a whole. index is up 8% over the year better than 1.6% for the s&p 500 rules so bottom line is business -- these stocks have been vrgdz. >> i want to throw it out in chicago. general you're a commodity kinde guy but see across the board going up rather quickly? does that worry you?

stock market going up up for no good reason so we have a lot of things happening globally. unrest out there more than i've seen in a long time and admit that and at the same time seeing all time highs. when this thing pops it might be 18 months from now and look back and go dang it i should have seen that coming it was right in front of my face. >> i have to say with you for a second, scott. a lot of people call this a paper rally. it's all about the paper that's flooding the world. and printing money -- you think that's -- hold on a second. scott, do you think that at some point we come crashing down i use that word advisedly down, down, down? >> you know, i can sum it up like this february 20153.5 million trillion in government debt at a negative. february 2016, doubles to 7 trillion. but beginning the last month it was 11.7 and yesterday over 13 trillion. government debt priced at a

negative. that pace it's going to destroy pension funds and destroy insurance companieses, the middle of america is going to collapse in and itself we're going to create wealth because that's in upper 1% with über and like of all of the technology companies we talk about on this show a lot. but middle of america that hass debt, student loan debt and car debt that is going to imloatd as they get replaced by drones by über you know driverless iewbers that's über so that's the story so i hate so say we can't continue at this pace. something has to give. >> what do you say? >> i agree with them 100%. middle of america has been hallowed out and no upside for jobs, and job growth and scott is right in terms of the drones, et cetera. >> you think this is based on sol lited evidence of companieses using their money more effectively using their employees more effectively more productivity. that's what think this is based on, right peter?

>> learning to use capitol much more effect ichly while central bank may have printed a lot of money. they're using money efficiently and lowerses capitol and raises ratios. we are now trading at about the 25-year average. but the average -- the long-term average the moving average over time is trending up. my feeling is we could be looking at ratio 35 long-term so i'm not at all concerned. >> that's way up. hold on a second i have to tell you about stocks -- >> historically 25 and that's where we are right now. stuart: facebook hit a lifetime high. just above 121s dollars a share. would you buy it at 121? >> no. i would be happy with it. but ping steep for me here. but i think this has nowhere to go but up but hoping to go down to buy it lower.

stuart: 25 three years ago. >> what's carrying it people spengdz now nearly an hour on facebook a day. so if you think somebody is working at their workstation could be on facebook. >> an hour a day for over a billion people. >> i'm not on -- >> 25 minutes pushing towards an hour. gliewrt fascinatings me. amazon they have taken out a patent on a way to turn cell phone towers or a church steeple for example, even a lamp post turn it into a drone perch. so that drone flies along with a delivery. runs out of juices, perches on a lamp post, and recharges. have i got it right, liz? >> you've got it right also a resting place in case of bad weather. in other words, a drone could detect a storm coming in and sit on a lamp or telephone pole. they're also with this patent saying that drone could also pass the package to another drone. so this is really high-tech stuff.

what's happening, but hang on the senate passed a bill saying drone delivery package delivery in two years amazon prime air package delivery four to five years that's what a.m. amazon wants. >> docking stations makes perfect sense. who do they get to lease the spaces remain to be seen. a brilliant idea. >> not that hard cell towers it is i think you'll be able to get the least space. real question is whether federal aviation administration will let them do long, long-term -- long distant delivery. >> telling faa to do it within two years but scary to see a drone there. holy toledo. >> not afraid of the future. >> on your church people -- [inaudible] >> they felt that way about carries.

stuart: nintendo stock is down. is this some kind of delay with "pokemon go," in japan, nicole what's going on? >> "pokemon go" all the rage supposed to be worried about global issues but this has a dollar cent business story. first mcdonald's have been is launching "pokemon go" theme toys, we're with looking at mcdonald's we're looking at nintendo here's nintendo down 8%. mcdonald's has toys and becoming gaming area battleground where you can find pokemon. nintendo i want to give you current numberses so far they're saying "pokemon go" has earned $14 million. it is shot up stock over 80% and is 17 billion to the market cap which means surpass sony. now today it pulls back because the developer said you know what we're worried that we're not going to be able to handle all the gamers who pile on in asia and delayed the open that's why you have that.

in the meantime going forward they say this could be a $4 billion gamer year, and take out not just nintendo but investors good one. >> do you have anything to say about "pokemon go" at all? [laughter] >> well i mean, obviously, i think what i'll say is we don't be talking about in three months time. number two is i think that -- it's funny that you don't have to pay for the game yet stock rallied on it at first that is odd. there's inapp period ofs but it is one of the fads like myspace and won't be talking about it in three months time. >> that is your last word thank you everyone. charles, pert thanks everyone. we preernght it what an opening to the majority again up 13 points. 13 points. we had been up 35. bottom line is we are up, again. 18,570. >> could be seven straight days

if we close up. stuart: it could be. now this paul ryan announcing donald trump as the official nominee of the republican party. paul ryan getting trump's name wrong -- [laughter] we'll playout tame and crowd with republican convention going wild about hillary clinton chanting lock her up. chris was there. he'll pass judgment on lock her up in a moment. also on hillary judge andrew napolitano says next big problem could be the clinton foundation. more on that in a moment. ♪

♪ ♪ ♪ >> the chair announces that

donald day trump having received a majority of these votes -- stuart: that was house speaker paul ryan announcing donald trump as the official republican nominee for president but you heard he made a mistake on the name it's not donald day trump but it is donald jay trumple did michael wall pick up on that? >> paul ryan announced that day trump is nominee so donald day trump -- social media is lit up about this having a field day with it. >> social media not thinking too much of it quite frankly. tiny little -- >> and then move on. >> governor chris christie speaking of rnc using time to attack hillary clinton. roll tape. hillary clinton charge of putting herself ahead of america guilty or not guilty?

[inaudible] [chanting] >> okay. chris with us, fox news editor they're sit around a desk here in new york. we watched that tape. we saw it. i thought it was a bit harsh. i don't think that really helps the republicans. what say you, chris? inch well, yes, in the since is of persuadable vote reverse not persuaded by that. but the first and foremost goal of the trump organization that has just consumed the republican party is to try to get republican voters together and while a lot of really voters still have misgivings about donald trump, they're unitessed and they're loathing of hillary rodham clinton so chris christie went to the place that he -- republicans can go to try to unite right now which is making hillary they want to do to hillary clinton what hillary clinton and others have done to donald trump which is to say

it's not just that we prefer our candidate. it is that your candidate is unacceptable and barely a human being. >> you know are sometimes i watch the convention at night. i wake up the next day and i see something completely different reported in the establishment media. i've got a list of headlines this morning which are just -- unbridled loathing of republicans and donald trump in particularly. i mean, it's that seals to be a little harsh. a little excessive let's say you to that? >> well every cycle we think that we cannot have more heinous and disgusting politic, and each cycle today -- further into the burning dumpster. stuart: i'm sorry chris we were in and out there and we actually had a black stream for a second. it was terrible. you want to sum up your answer? >> better than looking at me. [laughter] stuart: 20 seconds lefts to sum up your answer.

>> two seconds every year we say it can't get worse and every year we find a way to do it. that was seven. dangling seconds here. chris are we'll join you later. thank you very much for being with us good stuff thank you very much. dow is holding on to a very slim gain. but a gain it is. 18,570. another attack, linked to islam in yiewrm, a mother and her daughters stabbed at a resort in france because of what they were wearing. got it. a headline on the clinton foundation. how the nonprofit ignores virtually all of the best practices used by other charities. judge napolitano on the clinton foundation, next. v your insurance company

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slush fund clinton foundation is it being run legally and/or ethically there's only one person who can answer that question all rise judge andrew napolitano is here. >> the charge that the moneys came from foreign governments that enslave women and gays and mierpts is mierpts is among lesser of the charmings here. the gravest of them is that mrs. clinton while secretary of state used the official powers of her office to confer benefits on foreign governments and foreign persons who then made major contributions in return for those benefits to the foundation. >> so a quid pro quo talking about hundreds and millions of dollars. and extreme is frank who as a canadianed mother mission of secretary of state to own shares of a mine in the west, in nevada

not sure which, she gave him the permission. he acquired the share and then he sold them to an entity holy owned by the kremlin and then he made $145 million contribution to the clinton foundation. now this is the most extreme example of dozens well documented by the folks that have been looking at this. >> authority has not dug into this yet. >> talking about e-mail scandal all of that. but now clinton foundation we don't. >> well, i believe and i felt us that watch this believe that this is a second wave of fbi investigations. slower, more methodical more detailed heavily, heavily paper laden that fbi will soon sink his teeth into. now you talk about best practices, the -- chartable community has standard practices. you have to have a board of 15 people. you have to have outsiders on the board. they have to have transparency.

of course clintons haven't have this but bill was being paid, huge amounts of money for very little, little work in return. all of this is now beginning to come out and she -- she will somehow have to answer for it. one of the worst things they did was to solicit charitable donations and venues where they were not authorized or rdged at registered as a charity so theoretically those adjusted from their gross income are entitled to sue for the donation back. >> good lord all right judge now there's a story for you. judge napolitano back in the 11:00 hour we've got it. theme today at the convention make america first again. and tonight we're going to hear from ted cruz here's the question everybody is asking about that speech. what will he say? because it's not going to be vetted. the trump camp doesn't know what he's going to say big risk there you think health care costs a

lot now? just wait. we've got that story for you.

>> 10:00 on the east coast, it's 7:00 in the west. here is the question of the day. what will ted cruz say? he speaks tonight at the convention, we don't know e scrp campaign manager manafort moments ago said, quote, i will see a copy of the speech later this morning. now, the question is, will he stick to the script and will cruz endorse trump? we shall see. drama again. the trump family show rolls on every night at the convention. the man himself, his wife, a son or daughter takes the stage and the crowd loves them. there they are. the media does not like the trumps. across the board the establishment sees problems, scandal, division. they really don't like trump or the convention. consider this headline in usa today, came out this morning.

america be afraid. be very afraid of donald trump. gee, do you think the immediate will say the same thing about hillary at her convention next week? how many times have we said this? stocks up again despite the craziness in the news. say it again today. another rally, not great, but another rally, another series of of records. facebook on a run, microsoft moving up big, yes, it's another big day for your money. the secretary hour of "varney & company" is about to begin. ♪ >> all right. it is a modest move up, but a move up nonetheless. i guess you could say the rally continues. the dow is now trading at 18,569, it's up 10 points. same story on the s&p 500, a very, very slight gain for that index, it's up .18%.

and nasdaq, well, there you've got a new high for the year 2016. 5,066. microsoft is making money. [trumpets] >> four times in 31 minutes. >>. ashley: running out of breath liz: we're used to it because you own the stock. stuart: thank you very much indeed. microsoft is doing big business in the cloud. that's the big server in the sky that you can hook up to and download your stuff whenever you like. i think i've got that right liz: clarity. stuart: the bottom line microsoft is around $56 a share. we've got that. disney, the family of the boy killed by an alligator will not sue. that's nothing to do with the stock price. ashley: no, and that's the family of lane grave is putting that out today. and the stock is down, a percentage loser because the analysts steepifel nicolaus saw

that the profits are going to be flat. the movie business is up and the espn side and others, that will off set the movie side. stuart: the biggest loser on the dow. a winner recently, that's facebook. they just hit a lifetime high. is there a story behind this? >> the tech geeks are buzzing over news on facebook, connectivity labs, developed a detector that could pick up lasers, in other words, data that is set over lasers. forget reader frequencies, forget broadband and microwaves. a lot of that using lasers beams and connecting rural areas to the internet. this is getting the geeks buzzing. the stock is up year to date. stuart: getting the geeks buzzing liz: you've got two geeks sitting here and actually three

because judith miller is here. ashley: four. stuart: ted cruz issing go -- ted cruz is going to speak tonight. and earlier this morning and late yesterday, we were told that the trump camp had not seen what ted cruz is going to say. now paul manafort says he'll see some of the speech later this morning. some of the cruz script, is he going go with it or go against it? >> that's the question de jour and i'm glad that manafort is checking out the speech, it's a huge risk, you don't want ton loosy goosy and especially as we get to the crescendo thursday night. ted has a great opportunity here and he has to make a personal decision.

is he going to be the guy that basically the country, and our party need right now to unify the party and help us capture the white house or is he going to be the guy that people remember, you know what? he was just so angry and just so frustrated that he took him and his followers and they left the convention, like taking away and running away with their toys. and i hope that ted's going to take the first approach and actually going to be the guy that i know him to be who is going to give a fantastic criticism of hillary, a breakdown of where he thinks we are in the country and point out the things he agrees with donald trump on and help us move forward. because we need ted cruz. the convention, the party, the country need ted right now. stuart: he could also use tonight's speech as a springboard for the year 2020 'cause he's probably going to run again and this is a golden opportunity to lay the groundwork for running in four

year's time. >> he can do both. why can't he do both? why can't he lay the groundwork. i know people that support me and closely have said listen, if ted does the right thing and unifies this party because we need him right now just like we needed john kasich and mitt romney. if ted steps out of his comfort zone and actually brings the party together, that will naturally parlay him into the 2020 run. so that's my personal thoughts and that's the thoughts of many of the delegates around the convention hall. stuart: the dramatic is building because the republicans want unity, obviously, we don't know exactly what ted cruz is going to say, but it builds the drama. of course, it's good for tv ratings as well. scott brown, thank you for joining us, scott. we'll see you throughout the day because i know you're right there in cleveland. thanks, scott. meantime, the mainstream media is flooding us with really negative headlines about trump and about the convention. look at this. "the washington post" throwing

an op-ed in the title, the lovely true thing in america, even in the age of trump. and new york times, donald trump claims the nomination with discord clear, but family cheering. pulitzer prize winning investigative reporter judith miller joins us now. i've got a full page of extraordinarily negative headlines. america, be afraid, be afraid of trump. another day at the g.o.p. convention, another night of terror, going a bit far, wouldn't you say? >> you should sigh et conservative press. a lot of it is even harsher, today in the los angeles times. stuart: wait, the los angeles times is the conservative press? >> no, but there was an op-ed by a friend of mine who said they could experience a turkey-like coup. stuart: in america? >> in america. stuart: that's crazy. >> that he might order the military and the military would not follow.

and that's what he wrote the last time i checked a major newspaper in this country. stuart: it's a turnoff. i think that the american people can see through this, they can see that the media is so obviously biased in the worst possible way. >> i think it's one reason that we're held in even lower esteem than the u.s. congress and that's saying something. stuart: what do you think happens next week? that's hillary clinton's democrat conventioconvention, t opposite of this? >> and i think there'll be more sympathetic to her as journals who are liberal democrats, and democrats. and regime themselves with impartiality. let's see. stuart: about the negative tough -- negative tough on trump, does it persuade the average voter,

i've got to vote for hillary? >> i'm not sure. i think what the convention is supposed to do is to reach out to people like me, political independents, and give me a reason to vote for donald trump. what it's done so far is warned me about all the terrible things that could happen to the country if i vote for hillary clinton, but it hasn't until now made a very positive case for donald trump. stuart: now, indiana governor mike pence, now, he speaks tonight and takes the stage this evening. he was one of the lawmakers who helped you in your freedom of press case, as i recall. >> right. stuart: what did he do for you? >> well, i have never met then congressman pence, but when i came out of jail having gone to jail to protect my sources, the secrecy of my sources, the first call i got was from michael pence whom i had never met and never covered, and he said i'm very interested in your case and i don't think reporters in a free country ought to be put in jail

especially not for stories they've never written. stuart: that's not what we hear about mike pence. >> it isn't. stuart: a nasty conservative. >> i have to say even though he and i disagree about every aspect of his rather conservative social agenda, on this, he and i found absolute common ground, which was the importance of a free and independent press, a skeptical press, which it ought to be today, in a democracy. and he said, i was a television anchor. i was a radio host. i understand the importance of the media, i want to help get protection for all journalists across this country. and he worked on it until the day he left the congress. and he came very close to succeeding. he had passed legislation to protect journalists in the house, it failed in the senate because of wikileaks and edward snowden.

stuart: thanks for this. >> it's part of the record. all people have to check, but i think many reporters don't want to say anything about a man they record as socially extreme. stuart: judy, thank you for joining us. >> thank you. stuart: another attack in europe linked to islam. this, obviously in france-- go engen -- again from france. attacked because of what they were wearing. i think they're on the civil strive. and stocks holding the gain despite the negative headlines. 18,574. look at facebook, it's pulled back from the all-time high it reached earlier which is 121-- no, it's up more. that, you're looking at a new all-time high. 1 121.35.

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>> breaking news, another incident in europe, brussels. another operation underway. ashley: they surrounded a man who is behaving suspiciously wearing a long coat with protruding wires. the bomb squad is present. shops nearby evaluated and streets shut down. it's a too familiar picture with brussels and so there's a

huge security alert. and tomorrow for celebrations, this is going on right now. they've got the situation in happened and they're not sure what the individual is about. taking no chances. stuart: how about this one from france, the alps, alpine region of france. a mother and daughter, three daughters, vacationing, a man born in morocco attacked them. apparently, media reports say for being scantily clad. the girls were stabbed for shorts and t-shirts and the youngest fighting for her life with a punctured life. ashley: eight years old. eight, 12 and 14 were the three young girls. the attacker went inside the resort apartment and attacked the mother. this attacker are morrocan was next door in the apartment with his pregnant wife and two kids. the prosecutor says the suspect has yet to say what his motive was.

look, i don't know it's based on what the young girls were wearing because the suspect has not as yet said that's his motive. in this day and age, that's what-- >> you jumped toward those conclusions. scantily clad and morrocan born liz: he was married with two kids. stuart: a pregnant wife and two kids and they were there. ashley: they were eating breakfast on the terrace next door. stuart: and colonel allen west with us now. i need your commentary on this. i know you're an american guy, based in america, but i want commentary on what's going on in europe because they've got a migrant crisis, some of the migrants are linked to some of these extraordinary attacks and some of those migrants are coming here and plan to bring them here. do you think we should suspend

that whole program of bringing those migrants to america? >> well, it's good to be with you, stuart. of course you have to be able to suspend that program. monday night up here in cleveland they talked about making america safe again. when you look at recently, we had a gentleman that was wielding an ax that attacked people there on a train in germany, and he was from afghanistan. you should be reminded of the new york city police officer who was attacked by a hatchet to his head as well by a muslim male. we see what is happening in paris. nts, an immigration policy that's not forcing people to assimilate to our country and if tolerance is supposed to be a two-way street, i don't see it happening right now. and we have to deal with this ideology and respect of our culture, of our laws and our way of life. stuart: now, i'm going to go a little far here, i think that parts of europe, belgium and france in particular, are very close to what i would call

civil strive, the community is so divided between judeo christians and muslims, i wouldn't be surprised if they started fighting each other in the street at some point in the near future. i know i'm being rather extreme on this, but i want to know if you share my opinion because it seems to me that europe is divided completely, culturally, religiously and i don't know where they're going from here. >> well, i don't think you're being very extreme, you're just using your common sense. when people do not feel safe, when they don't think that the government and law authorities there are going to protect them, you know, after the incident with the paris bombing and the nightclub attack, you know, french president hollande said this was an act of war, but we saw no follow on, we continue to hear rhetoric and words. you here the situation in brussels. people will start to say if i can't trust my leadership i'm

going to have to protect myself. there will be an incredible call for people to be able to defend themselves on the streets every day in europe where they have the incredible isolation of these communities and therefore set up to have infiltration of the radical militant islamist ideologies. stuart: do you go with donald trump's idea temporary suspension of immigration of anybody from a terror hot spot. are you with that? >> well, you and i have had the conversation about before. look at single military muslim age males, i think there needs to be tighter scrutiny there. the college students visas. and the fiancee immigrants. we have the failings and shortcomings and gaps exploited. and i think it's to start there. proof is in the pudding if we

look at what's happening in europe. stuart: allen west, we appreciate it. >> thank you, stuart, you got it. stuart: all right. happening now, caitlyn jenner taking the stage at an lbgt event in cleveland. >> to do this after, at that time 65 years of struggle, was-- >> that's happening right now. caitlyn jenner on your screen. check the markets, we hit an all-time high for the dow earlier today and microsoft is up big. it's the reason the dow is higher, actually largely because of microsoft and it's helped the nasdaq composite reach a now 2016 high. the markets looking solid this morning. a political story for you, specifically the racial divide in the country, the mother of michael brown will speak at the democrat convention next week. what do you make of that? we'll bring you the story. you both have a

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liberty stands with you™. liberty mutual insurance. >> you know, it could get ugly with those protesters in cleveland. jeff flock is there. what do i hear about they're going to burn the american flag later, is that right? >> revolutionary workers, communist party is planning a flag burning and by the way, you talk about the strive out here, i'm in the civil war monument, the soldiers and sailors monument and you see the people in cuyahoga county that served in the civil war. this is located on the town square where yesterday you had the revolutionary communist party clashing with the baptist church, the kkk, alex jones

character, who is a big conspiracy theorist and radio host, took place all on this square here right in the shadow, ironically to me, of the civil war monument. i know we disagree in this country, but, boy, i hope we can get along better than we did back then. stuart: that incident later on if and when it occurs. jeff flock, thank you. next week, the mother of michael brown, killed by police in missouri. she's scheduled to speak at the democrat national convention, racial divide front and center. wait until what you hear what the head of the naacp said about police. you won't believe it. we'll play you the sound bite.

..

stuart: we are about to find out

how much oil we have in storage, we will bring that number to you and you may see a change in the price of oil per barrel. recently it had a two month low, halliburton has come, it is almost 10:30, here we are, we should be getting oil numbers. >> it is down 2.4 million barrels, this is 9 straight weeks of drawdown, 2.3 million drawdowns. it is trending down, halliburton, north american players saying the north american oil pack has turned around, russia saying we will

not cooperate with opec on production cuts. that is why you see oil trending down more than a percentage point. stuart: the price of oil at $44 a barrel even though we are using more oil. ashley: less in store. stuart: gasoline -- 1000 barrels extra. >> no change expected, 9000 barrels. that should be good. i could see the smile on your face. i paid new jersey this past weekend, $1.89 regular gasoline. liz: you were paying $1.50 -- stuart: you have 4390 on the price of oil and the dow is at a 25 point gain. across the board, stock prices holding at record levels, price of oil is falling, dow, s&p,

nasdaq, record levels. all across the board for stocks. that makes it great. i want to bring in heritage economist, even more man of the hour. you have to tell us why the stock market kept going up, speak. >> i wish you were here in cleveland with us. we are having a blast, we were up until midnight with trish regan, we had a blast. first thing, my new book on the revolution. we have a superabundance of oil and gas in this country, why is

the oil price, and $45 a barrel, this is almost the complete shale and gas revolution the changed the market for good. the days of $100 a barrel oil are over forever. if we get this right this is a big theme of the trump campaign. the energy section of his economic platform i helped with is all about promoting american energy production and making us the energy dominance country in the world. you asked why is the market rallying the past couple weeks, and a little bit of a trump rally going on. trump's numbers in the polls, one or two points ahead of hillary, causing bullishness. take a shot. stuart: it could be wishful

thinking. donald trump's tax plan, the economic growth plan, you are right in the middle of it, you have a vested interest in donald trump. >> i will admit that. stuart: i am a conservative. i think it is premature. >> here is my point. if we put in place the tax plan, that energy plan and deregulation, you will see a 1990s style boom and you will see stocks undervalued today versus where they would be 6 months from now. that is my point. this is a small part of it but it is interesting, trump, if you look where he was three weeks ago, no way he can possibly win, he had a couple really bad weeks but he is on his game, the convention has gone well. when this convention is over after thursday night he will have a four point lead.

charles: that is interesting. a couple predictions from steve moore. we like them both. thanks very much. next week, democrats hold their convention. mcmichael brown, his mother is going to speak. pastor mark burns, we were here more anti-police rhetoric from the police. it is a sad time for the country. the soul of the country is hurting, we are divided more than other, and it saddens me, and their national convention is going to be more divisive

rhetoric, more anti-police rhetoric that will keep the country divided. stuart: the naacp president is comparing recent police killings of black men to lynchings. >> we are in the midst, of a lynching crisis. when a black man is 20 times more likely to lose his life, and -- >> a stuart: a lynching crisis, you are shaking your head. how much influence does that man have in >> immensely influenced in america and in the african-american communities. it is that rhetoric, that language that is going to -- i

will fit on national television, the plantation slave mentality that is keeping african-americans boxed in a square, refusing to allow the genius of black men and women to think outside the box and to look at things differently in the country. we have to get back to the spirit of martin luther king and this is what i'm crying out to all african-americans watching me, every american watching me, we really need to get back to the years of doctor king. stuart: you are right but it is a business, the race business is alive and well in america and that business thrives on division. it doesn't thrive on getting together with common ground but on division. that race business is alive and

well. i don't know what you can do about it. >> it is without a question an uphill battle. one of the solutions i have been suggesting across this country is first of all i believe we need to change our language, the words we use, it has to start from the president all the way down. disappointed about president obama's speech, when mentioning black lives matter and blue lives matter, even mentioning the division of saying black lives matter. we got to stop categorizing our races, we have to stop right now. the black pastor that supports donald trump or the african-american, got to get to a place where we quit categorizing us as racists is there is one race, the human race. in america we are all americans. the moment we stop categorizing who we are and do exactly what doctor martin luther king said, judge me not based on the color of my skin but the content of my

character. if we begin to change the language, we will see changes in our country. stuart: american pastor mark burns, thanks for joining us. we just crossed 18,600. and how about microsoft making big money on the cloud. i will not try to explain that again. liz: better than all of us. i will try to explain the cloud. the cloud is a great server in the sky which we can hook up to, put our information and data up there, and access any of our

devices anywhere we are, it is on target, that is how it works. and your darling microsoft, we know stuart varney, and that is where the revenue, and cloud computing companies, there are a slew of them with cloud computing. oracle, f5, salesforce, these are some of the names in the cloud and this is where it is and we said this from a year or two ago, any company that started moving into the cloud seems to be doing well. and starring in the cloud really well. stuart: good stuff.

and and 605 as we speak. vice president joe biden going right after the republicans, called them dividers. we will say you the soundbite. ♪ it's here, but it's going by fast. the opportunity of the year is back: the mercedes-benz summer event. get to your dealer today for incredible once-a-season offers, and start firing up those grilles.

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jovial sam clovis, i have been amazed of the incredible onslaught of pundits and media people, and what is wrong with the republican party or donald trump. the american people don't see it that way. we are looking for a leader and they found a leader in donald trump and all the stuff going on in cleveland will matter that the end of the week because we will see a bump for donald trump in the polls. all of this frenzy, all this rending of clothes won't matter to the american people. [plumber] i need to be where the pipes are.

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stuart: new details on donald trump's search for a vice president, specifically the offer he made to governor john kasich of ohio. ashley: fascinating in the new york times, apparently they believe john kasich would be the dream person to put on the ticket and they were aggressive in trying to recruit him. according to case a caps advisor says the report, donald junior wanted to offer him this, do you want to be the most powerful vice president in history? his advisor said what do you mean? how would you like to be in charge of domestic and foreign

policy to which the advisor said what is mister trump going to be doing? donald junior said making america great again. ultimately john kasich said no thank you. fascinating. stuart: goldberg from the "national review," you have a big style, john kasich won't set foot on the convention floor. he really does not like donald trump, does he? >> it doesn't appear so. the feeling is mutual, that is why the first day of the convention, paul manaforte, attacking the ohio delegation which is a weird way to start a week on a theme of unity. >> there is a group in the

republican party which will not see eye to eye with donald trump or his candidacy, never join it, stay outside of it no matter what. my question is how big is that group? how important is that group? are the donors part of that group? >> absolutely which i know donors who are saying i will never give it time to donald trump and some are focusing on senate campaigns and gubernatorial campaigns and some are saying i don't want my money to go to donald trump, there are a lot of them. maybe donald trump can make up for that with small donors, but it is a significant group. it is not a majority or significant plurality but got to remember a republican nominee or candidate needs upwards of 90% of self identified republicans. 84% of republicans -- unless you can make up for it with independents and i'm not clear you can do it but maybe he can. stuart: to the people in this group, never trump, don't want

anything to do with him, surely they realize that position means president hillary clinton? >> depends who you talk to. there are many rooms in the mansion of never trump. a lot of coverage of the floor revolt the other day got that wrong. we are all just one constituency, some were ted cruz setting him up for 2020, other people want to reform the rules so we never have to go through something like this again but a lot of people say if you want to lose to hillary clinton why did you nominate donald trump? a lot of people believe that. not as solid as some people think but this is a weird situation where we have both parties have nominated the one candidate with a chance of losing to the other nominee. stuart: at the risk of making you wildly unpopular with the audience -- >> it has happened before.

stuart: i regret to say it has. are you in that group? rua never trump guy? do you know what you are doing? do you know you are electing hillary clinton? do you know that? >> i know you want to say that i am, to impose on me a binary abstraction and say those are my only choices but they are not my only choices and i live in washington dc. i michael christian in ancient rome. my vote has always been outnumbered. what i won't do is let donald trump or hillary clinton turn me into a liar where i don't tell what i think is the truth about both of them and they are both awful candidate. the one they hate you, you realize that? >> remember that scene in the indiana jones movie where they open the ark of the candidate and the guy's face melt, that is my twitter feed every single day. stuart: you are having fun in

cleveland. look at that smile. >> it was fun to fiddle while rome burned. fun to be at the end of civilization. stuart: you are going to philadelphia for the democrats. >> you are going. >> i'm going to skip it, one of the first conventions i skipped since 1988. stuart: i thought you wanted to coanchor the show. >> that would have been fun. stuart: do appreciate it. ted cruz is going to speak at the convention tonight. the trump campaign says it will see a copy of the speech before ted cruz takes the stage. obvious question will it fit in the script? obamacare costs rising, q of the nancy pelosi soundbite, roll it. >> there is a reason.

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role tape. >> the first time i played golf with him in 2005 i shared two things i told countless ceos, billionaires and politicians before him. one, i had a dream to open my own boys and girls club and 2, i was deeply frustrated about being treated different the is a woman, overlooked, underpaid in business. i am proud to tell you when donald's helps, i opened the boys and girls club. in response to my frustration about being treated unfairly as a woman he adamantly rejected the notion and instead offered me a simple idea that changed my life forever. challenging the status quo. stuart: she joins us right now. welcome to the program, great to see you again. >> very nice to see you. stuart: everybody throws the bucket donald trump, he is a bigot, he is a sexist, says

terrible things about women. your story last night was the exact opposite. you met him first, years ago, he helped you get started in the golf world. is that accurate? >> i met him in 2005, we had our tour championship in florida, the first time i met him and got to play golf with him and fast-forward until now, he has been an incredible influence in my life both in business and helping me open up a boys and girls club and he has been a tremendous supporter and positive influence and one of those people that continue to encourage me and someone i can reach out to for advice on business or when i am having a challenge being a female going into a tough meeting. stuart: congratulations on your speech last night. ashley: coming up on the 11:00

am hour, president george w. bush says he is worried because he fears he will be the last republican president. find out why. the obama administration putting out a statement saying $1.3 trillion in student debt is a good thing. we will attempt to explain.

stuart: let there be noo doubt, the media hates donald from. watch the convention, you wake up the next day and you read and see a totally different story. they don't like the tone, they don't like the issues, they don't like anything at all about trump. donald faces hillary in the entire media establishment. joe biden has jumped into the anti-trump garage from australia, he says don't worry, the better angels, as in hillary clinton, will prevail. next week at the democrat convention i guarantee different

media response to that. tonight speeches from mike pence, eric trump, the trump family show, marco rubio and ted cruz. what will trump's archrival say? the trump camp says they will see the speech before he delivers it but will ted cruz stick to the stripped? they are printing more and more money around the world, don't know what that means in the long run, maybe inflation but for now pushing stock prices higher all over again. how about that? those records keep coming. the third hour of "varney and company" is about to begin. stuart: look at this. 18,600, up 44 points as we speak, the price of oil is

moving up, supply went down, moving up in the price getting close to $45 a barrel, maybe that is helping the stock market, microsoft the big story of the day in terms of individual stocks making money in the cloud. i own microsoft stock and i am pleased to see it go up 6%. facebook, look at that, all-time highs reached today, the 121 level. morgan stanley like a lot of banks moving up in price, not much but up, making more loans. morgan stanley was down 30%, july 2015. look at halliburton. american fractures are back in the business of producing more oil, halliburton down a little bit, the price of oil close to 45, joining us today, who have we got? ashley webster, liz mcdonald and

georgia, to you first, you went to the third hour. what is with this market? 18,600. >> it is about cheap money, low interest rates and the first two quarters of the here, corporate earnings met their projections and if that continues we will see a robust market. charles: know big pullback. >> no, unless something happens where we can't foretell. it looks pretty buoyant. stuart: does this rally you are looking at on-screen have anything to do with donald trump? >> i would love to say it did but it doesn't. not anything to do with donald trump. stuart: donald trump has a great taxcutting plan. if he becomes president, stimulates the economy and up goes the market. >> that all makes sense but it does have anything to do with this market? no. stuart: no? all right.

senator ted cruz will speak at the rnc convention tonight. trump's campaign manager paul manafort say he will look at the speech before ted cruz deliver that. katrina pearson is with us, trump national spokesman. there was some doubt whether you would be able to see the ted cruz script, now we understand manafort will take a look at it but no guarantee ted cruz stick to the script, he could surprise everybody. >> absolutely he could. at the same time, this is going to be an opportunity for ted cruz to show all of america who he is, this is someone who made his way through the conservative movement by being the constitutional conservative, by wanting to put the will of the people outfront. if he wants a political future he has got to show the 13 million republican voters who chose mister trump that they can

count on him to support the nominee. every candidate says they support the nominee. this will be his opportunity for that. stuart: you are giving him an opportunity to look good for the 2020 election. he could use tonight's speech as a springboard for four years hence, couldn't he? >> i think you are assuming president trump wouldn't be doing a good job in that four years, we are not concerned about that. we know donald trump when he becomes president is going to bring back jobs, he will jumpstart the economy and he will secure the border and do what is right by the people, we are not concerned about peeping wanting to capitalize on a future run. at the end of the day donald trump is going to be an amazing president and his will be ted cruz's opportunity to reach out to his people and let them know it is time to unite behind hillary. stuart: he could bring the conference together. he could also split it apart. there is some risk as you understand it. you have a smile on your face.

>> i am not sure that is true. i have been watching, i have been on the ground a long time and worked closely with that campaign in the past as well as hundreds of individuals here. there is so much support for donald trump here, the chance, cheers and standing ovation even when you mention his name, i am not concerned with further conflict. stuart: i have a sheet in front of me, line after line after line of headlines from the media this morning which i really lambasting donald trump and the convention. i will give you one real fast from usa today. america, be afraid, be very afraid of trump. ashley: that is one of 20. stuart: what can you do about this? >> nothing. no one on the trump campaign

wakes up in the morning and thinks the media will have something positive to say about the campaign, that is just reassurance that we are getting the job done. look at the last few months, donald trump ahead in independents double-digit, minorities in many polls showing donald trump gaining support and a lot of disenfranchised democrat supporting the campaign, one spoke here the other evening. they are very afraid. the mainstream media has always protected the liberal left and they see a tragedy approaching them come november and we will fight through that and not let the media dictate what we do or how we do it. mister trump has a message we will move forward. stuart: back to the cleveland convention, a big day for you and appreciate you taking time for us this morning. stuart: you wanted to get into that. >> i heard inside the clinton campaign, they know she canno win on her accomplishments, it is about destroying donald

trump. that is what these headlines are about. they started right now, sending $1 billion after these conventions, you will see a negative ad. stuart: i'm surprised at the vehemence of pure naked hate. >> they have decided the only way she wins is to destroy him, literally destroying him. stuart: the whole page of this stuff from the washington post, another night of terror, that is an op-ed. >> it speaks to what we heard is the clinton plan for this campaign. >> i want to go back to last night, chris christie attacked roundly hillary clinton. role that tape. >> hillary clinton, the charge

of putting herself ahead of america, guilty or not guilty? [shouting] stuart: a mock trial, the crowd roars guilty, lock her up. we have been talking about this earlier. it goes a bit far. a bit harsh, i don't think it works. >> when you read those kind of headlines how do you fight back? he outlined all of her weaknesses and he did it well. and it is about the theater, you can't expect a convention where the nominee has a certain character and personality not to be reflected in it. i am not sure i agree with you. i think we have to punch her as hard as she is punching.

stuart: you are tough. >> in a mud fight. stuart: lock her up, lock her up. >> it is a good idea but let's be honest. i don't think so, comey, anyone who watched the comey speech having to ask themselves the very question, at the dinner tables they should be in jail. ashley: those on the fence, that kind of display push them over the top for trump? >> that is a good point, in theater, did prosecute very well, so lock her up, that is not what will turn them off. it is the reasons why she is vulnerable. stuart: as they say in journalism only time will tell.

to the markets please, we have 18,600 on the dow holding 18601. who would have thought more than half the dow 30 stocks are in the green. george w. bush not holding out too much hope for this election, he says he is worried he might be the last republican president ever. we discussed that in a moment but first amazing video. the driver in south carolina flips his convertible. he is in the car upside down. good samaritans come to his rescue flipping the car back over, the driver shaken, there he is, shaken indeed, but not seriously injured.

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stuart: talk about the clampdown in turkey.

they issued travel restrictions for university officials, teachers, members of the education ministry. ashley: not allowed to leave, you can't flee the country if you have a difficult -- guilty conscience a want to get out. those professors and academics are being told you have to come back immediately. also seeing reports of some in the military and others trying to escape to greece and taken in in greece and northern greece, a situation where the country is in turmoil, slowly but surely, 50,000 people caught up in the purge of the failed coup, turning east to islam. >> and reinstate the death penalty which turkey abolished in 2004. how could you roundup 50,000

people in two days. stuart: where do you think he is taking turkey. >> taking turkey to is an islamic state and for us, this was stalwart, our window, our ally in that region, look at who the neighbors are. this is really a disaster. they get to the eu. stuart: there are 3 million muslim migrants camped on turkish territory. if he opens the door 3 million more go to europe, try to get to europe, there is a problem for you. >> if we look at this, this is totalitarianism, it is classic. stuart: on europe's doorstep. president george w. bush says he is concerned he could be the last republican president. david bossi is a conservative strategist, citizens united

president. what do you make of this? he is concerned he could be the last republican president. he thinks trump will lose so badly that republicans will be wiped off the board forever? >> we have heard this story before. i am sorry president bush said that, sorry he feels that way but it has no basis in fact. i have heard this before from bob ehrlich, former governor of maryland. he told me and many others he is going to be the last republican governor of maryland because of demographic changes. we have a new governor, hogan, who is a republican. it could happen. if everybody thought ronald reagan was not going to win in 1980, when he won the nomination the fear mongers, the establishment ronald reagan ran against said he is going to lose, he will get wiped out and we will lose the house.

we are hearing the same, donald trump will show them all wrong. stuart: he reminds me of the media and the elite, what they were saying before the british vote on leaving the european union lose the elites universally were saying this is a catastrophe, you can't leave. the sky will fall if we do leave, etc. etc. the brits voted to leave and everything is fine. is it like that? >> let me talk about the electoral -- president bush is talking and reflecting on his electoral map, how he won in 2000. this is a different election cycle, different candidate. donald trump turned that electoral map over, flipped the table over really and pennsylvania is in play and michigan is in play and other states in play, i have seen polling data that shows state after state that our. states in play for donald trump,

we don't know that he wins them and they were in play and it changes the electoral map, what president bush is talking about is fundamentally wrong from the premise. stuart: i want to get to your latest film. you are a filmmaker and you have a movie coming out, the torchbearer as i recall, starring "duck dynasty"'s phil robertson. you got to give me 20 seconds on this because it sounds like mister robertson facing nasty criticism because of his conservative views. is that the just of the movie? >> no. it is the question war film. it is phil robertson telling the american people how christianity is under siege at home and around the world and how christians are being murdered across the world and how basically what saved america is our faith. stuart: thanks for joining us.

you are in cleveland, i am sure you will pop up on screen soon. look at this. check the big board, higher still. we are up 50 points at 18,610. 22 -- >> because hillary clinton becomes president, we need everything we say. and regulation and taxes are coming. stuart: moving on to facebook. it hit all-time highs, that is pretty close to the all-time high, $121.52. look at good video, that is a dust storm outside phoenix, arizona. it is a giant dust storm. drivers were warned to don't drive through that, used to visibility. a wall moving across the land,

excellent video. the mother of michael brown, the man killed in ferguson, missouri, will be speaking at the democrat convention. what do you make of that? more varney in a moment. your insurance company

won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan. no, i picked the wrong insurance company. with liberty mutual new car replacement™, you won't have to worry about replacing your car because you'll get the full value back including depreciation. and if you have more than one liberty mutual policy, you qualify for a multi-policy discount, saving you money on your car and home coverage. call for a free quote today. liberty stands with you™. liberty mutual insurance. stuart: jeff flock live outside the convention center, what is this?

there are more pro-trump protesters than anti-trump people. is that true? jeff: i see a lot of them. i see this when here but could be secretary clinton. there are a lot of these folks out here. we should assume sometime the only protesters are protesting against the convention and against mister trump, not so much. if you spin around here there is a lot of pro-trump stuff going on. i talked to him earlier, he thinks trump is brilliant but does not have enough humbleness to be elected president. not humble enough. >> humbleness is wisdom and humbleness is emotional health and he doesn't have it. >> he says he is brilliant but there you go. his mind is brilliant, not humble enough. stuart: we will leave it at

that. jeff flock, you are all right. i want to give our viewers a view from the international space station. what you are seeing is a space x supply capsule docking at the space station. ashley: there is the international space station. stuart: the dragon capsule, this is private-sector enterprise getting into the space game, delivered two supplies to the international space station, launched from cape canaveral monday and managed to re-land the rocket on a ground platform so they could use it down the road. stuart: the rocket the takes it up comes back to be used again but the supply capsule is a big cardboard box. ashley: talking about space on the damon first walked on the moon in 1969. stuart: you know where i was?

i was in the bazaar in tehran, iran. they were all shouting at me apollo. those were the days. back to the market, we are up, 55 points higher, 18,614, a sea of green for the dow 30. the department of justice will not charge hillary clinton in connection with the email server but judge andrew napolitano wants to know why. he is next. a new report from the white house a student at is a good thing for the economy. are you buying that?

. . .

stuart: look at it go. now we are up 61 points at 18,620. we have to look at amazon. it's developing drone purchase on top of lamp posts and rooftops. you have to explain it. >> how about that? they are going to be charging stations for these drones, maybe they'll be able to pass on from one drone to another. it's all being discussed and basically would allow drones, we know how quick i will go on smartphones, you can only imagine what they do on drones, but they can recharge and enable them to fly longer routes

around. the application is great. they've been doing amazon with faa regular slaters and they are pushing on with this technology. fascinating stuff. stuart: i think it's coming. i don't care what you say. >> the birds are gone and the drones are in. [laughter] >> there you go. stuart: i hope so. [laughter] stuart: serious stuff. here we go. the white house, it's got a report on student debt. the white house says that $1.3 trillion worth of student debt is actually helping our economy. gabi with the washington examiner reporter there and a mel i have-- millennial that over a trillion dollars worth of debt is good for the economy?

how do they do it? >> they provided a report for those who benefit and so longs as we see be fanled towards federal financial loans we are going to see private and public universities increase salary and those are the things that are benefiting the very people who offer this report. stuart: that what the report actually says? what about all of those students who take out a long that don't graduate, they are stuck with a loan, they are stuck with debt, how can that possibly be good for the economy? >> well, you know, a lot of people read the 77-page report today and came away with the very same questions. if student debt is so wonderful why is home ownership low than so many decades. people who do believe ta there's a versioning debt crisis argue that if student financial aid

wasn't readily available it would take longer because they're having to work and have more money to consume and invest in homes and a car. that's what really drives this economy. not student debt. stuart: we are all sitting shaking our heads. 1.3trillion state good for the economy. >> no, it's bad for the economy. >> since debt was good for anything? that's bides my point. i worked my way through college. stuart: i know students that come out of 80,000 worth of debt. that's like a mortgage. >> no sense whatsoever. stuart: last word to you, how has this been received by the wider public? >> well, i can tell you, now know, i've been on the campaign trail and all the young voters who turn out, the main issue that they want to talk about is student debt.

i think voters that read the report and take time i'm sure would disagree. stuart: thank you for bringing it to our attention. thank you very much, gabby. next question. >> always a pleasure. >> why did the feds not prosecute hillary on the e-mail scandal napolitano says he knows why and he is here. are we doing this now? yes, we are doing it now? >> no, we are doing it tomorrow. [laughter] >> there's a theory floating in washington as we speak that the president who authorized the investigation of hillary clinton when it became apparent to him and to people around him that she was reckless in the manner in which she took care of security secrets, at some point

couldn't deauthorize and basically said i don't want it to end as indictment and as donald trump's strength grew and as he got deeper and deeper under the president's skin, so to speak, it became clear to the president that he had to get rid mistrust of former rival and former secretary of state and embrace her as the only person that could prevent a trump presidency, which in the president's view will up end what the president has attempted to accomplish in the past seven years. stuart: so are you applying that the president interfered in some way and put pressure in the investigation and say don't prosecute because i want hillary ? >> if he did he may committed obstruction of justice. prohibiting the fbi from speaking about it, not using a

grand jury, not issuing state subpoena requesting servers or emails. all of which came at the end, it supports the view that maybe or two three months ago the president said i don't want any fingers pointed at her. that is just wrong. breakdown of the rule of law -- >> lock her up. [laughter] >> we discussed that. >> sounds like chris christie. [laughter] >> you might have a comment on the next story we've got. we are switching gears here. it's a blood-testing company, shut down for faulty lab practices. now it's got a lawsuit against it from a man that had aheart attack after getting one of the blood tests.

>> it's filed under the initials rc due to privacy. an arizona man, sun city, arizona, goes to local walgreens and gets the test and goes home, less than a month later he suffers a major heart attack, he's hospitalized, he's now suing both walgreens for false and misleading. theranos had avoided and tens of others, this suit is class action status. he suffered a heart attack after misleading blood test. >> he's going to have to show had the test was accurate, the doctor read it, the doctor would have prescribed something that would have avoided the heart attack. because it has class statutes,

lawyer fees over the top. stuart: don't get me started. hold on a second. breaking news for everyone. florida authorities investigating mosquitoes that could carry the zika virus. >> this is a big deal because lab test in miami has confirm that had someone contract it had zika virus but they don't believe they have any connection of anyone traveling outside the country, which means a mosquito in the area could have infected them. they are spraying and yet to be totally confirmed but that is the concern that going abroad and contracting the disease has nothing to do with the case. stuart: ashley, thank you so much. check the big board. 18615. it really is astonishing has the market has gone straight up in the past trading sessions. straight up, indeed.

the mother of michael brown, the man killed in ferguson, missouri speaking at the democrat convention, larry elders is with us and fired up about this one is joining us shortly. the affordable care act not so affordable specially the people in california, obamacare premiums there skyrocketing, full details next. [vet] two yearly physicals down.

martha and mildred are good to go. here's your invoice, ladies. a few stops later, and it looks like big ollie is on the mend. it might not seem that glamorous having an old pickup truck for an office... or filling your days looking down the south end of a heifer, but...i wouldn't have it any other way. look at that, i had my best month ever. and earned a shiny new office upgrade. i run on quickbooks. that's how i own it.

>> i'm nicole petallides with fox business brief. right now we are looking at a record once again and also the trend that we have been seeing from the dow with the string of winds that we have not seen since 2013. the dow right now up 56 points off its high by just a few points by 10 points. s&p 500 up 10 and the nasdaq up 52. we are seeing technology leading the way. also health care doing very well. here are some of the names powering the dow, microsoft which came out with the latest numbers and doing very well with the cloud. also in the news morgan stanley with report and you can see the stock is about 2 and a half percent and then we will take a look at dentist therapeutic ipo your car insurance policy is 22 pages long.

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>> affordable. affordable. affordable. affordable. stuart: not so fast. obamacare plans set to increase by average than 13% next year, liz. liz: yeah, this is really bad for obamacare because the next major enrollment comes a week before election day, presidential election.

what we are seeing is three times the increases, triple the increases of what california are see if for last two years, up 13% for next year, so what is happening here because california consumer watchdogs are saying, higher costs, less access to doctors and hospitals and we are talking 11% in national average for 14 major metro areas, stuart. stuart: huge jump. liz: affordable, affordable. >> lying, lying. liz: health care had all the redistribution schemes, charging insurance a fee that went into a pot that went paid others. wait a second, medical costs go up, up goes the premiums. stuart: larry elders is with us. he's a california guy. he happens to be in cleveland at

the home but he's a california guy. i've been looking at these numbers on obamacare costs, the premium costs in california, they are going to go up 14% in la county, your county. what do you think is going to be the impact of that in california, larry? were well, shockingly stuart, once again we have proven that there's no such thing of free lunch. you tell insurance they can't drop anybody no matter what, they have to keep you on the coverage until your, quote child, close quote becomes 26 year's old. copays are going to go up deductibles are going to go up right on the eve of the election. obamacare has not realizes its promises of being affordable. every household will save $2,500 and would cost him a bit in the election. this is california, 3 to 1 registered democrats over republicans. it won't have any real impact as far as which way the state goes in november. stuart: that's true.

i have another one for you, larry. the mother of michael brown, the man killed in ferguson, missouri, his mother, she's been invite today speak at the democrats convention next week in philadelphia. what do you think about that? >> it's hard to say because she lost her son. i committed a pedestrian traffic offense and mouthed off to a police officer and i got arrested an spent several hours in jail, i came home at 3 or 4:00 o'clock in the morning. i gave him the notes of what happened, i bet you were mouthing off, and i was. god forbid i should be killed by an police officer, and virtually every one of these cases, eric gardner, freddie gray or michael brown, had they complied they would not have been dead.

that's my message to the blacks lives matter. stuart: racial division that's presented to the democrat presented not racial unity, not healing, then surely -- >> i know. stuart: it will enhance the division, won't it? >> it will enhance the division. last year according to washington post 965 people were killed by cops, less than 4% were white cops killing unarmed black men. it is a lie, there's not an epidemic, if anything, there's a dramatic decline over the last several years and the whole premise, hands up, don't shoot, that turns out the lie. he charged officer darren wilson

and therefore he got killed. i'm sorry, comply and you won't die. stuart: i will get with you after the break. look at this, this is the story of the day, actually, it's not really politics. it's money. will you look at this? this is the eighth day straight up -- >> seventh. i know you're exuberant and excited. who knows. stuart: don't lead me. [laughter] stuart: look at this. joe biden taking a big shot attg republicans xenophobic racists. it's not the first time. watch this. >> he said in the first 100 days he's going to let the big banks once again write rules.

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stuff. ashley: i got balloons. liz: older than the toyota carro la. ashley: on my eighth birthday. stuart: you got nothing. liz: not a thing. ashley: i wasn't getting the attention. liz: happy birthday, ashley, we love you. happy birthday, ashley. stuart: let's not get carried away. liz: stuart varney is younger than beatles, the rolling stones and supreme court justices. >> and the market keeps going up. [laughter] stuart: now this, vice president joe biden blasting donald trump for his big xenophobic saying the better angels will win this election, roll tape.

>> don't worry about our election, the better angels in america will prevail. so at a time like this, company -- company >> those values are the nations and hold most dear. stuart: a whole bunch of stuff, larry, have at it. >> oh, my goodness, they want to drag us back to jim crowe. they don't say n-word anymore. they just say let's cut taxes. he called it ethic cleansing and joe biden speaking before a black audience talking about how republicans did not want further regulation on wall street, he said they are going to unchain

wall street and put y'all in chains doing the black impression. race card, don't leave home without it because without 95% black vote, they cannot survive. what they do is talk about how racists the republicans are and by the way, pull that lever for us because we aring the white hats, those guys are wearing the black hats and it's insulting. stuart: i have 20 seconds left and that's it, tell me what percentage of the black vote this election will go to donald trump? >> i think he will get 15 and 20% if he emphasizes on the economy and how badly it's performed under president obama and talk about illegal immigration and puts downward pressure on inner city unkilled job. stuart: i lied, we have more than 20 seconds. [laughter] stuart: 15 to 20%, that's significant, ashley.

>> that's right, and the polls show that he has already 7% according to last wall street nbc poll and he can doublif he sticks with the course. that was the primary reason that black voters voted for him according to the pew research in 2008. obama has not, stuart, delivered. stuart: californian, american larry elder joining us today from ohio, as in cleveland. >> that's right. stuart: all right, everyone. more varney after this

stuart: all right, we are wrapping it up. liz, your favorite story of the day. donald trump offering john kasich the moon and kasich turning him down. how cool is that? >> outrageous headline and media that's so ridiculous in their

portrayal of what's happening in cleveland. stuart: nonetheless, we are almost out of time, my favorite story stock market. keeps on going up no matter what. look at it go, 18,610. charles payne in for niel, beat that. charles: you know, i will try my best, thank you very much, stuart. right now it's all about governor pence and he's getting ready to make his pitch. he's going to tell us all about how the republicans will run this economy. this is cavuto coast to coast and i am charles payne in for niel cavuto. a pivotal for trump ticket. he's the main event tonight. record in indiana, also how he could apply that and fix what many agree is a broken u.s. economy. they would be watching closely to gop establishment and you with bet the clinton