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 administration will be watching

closely. anthony scaramucci and democratic strategist richard. anthony, let me start with you. the night that focused on the economy. we have some economic pitches but we also had a whole lot of antihillary pitches. i would like to see more tonight particularly from mike pence who has a resume, one of the best states to do business in, they have a lot of great things that we can apply to the overall country, i think we would all be in better shape. anthony: there's no question, charles, that's one of the reasons why mr. trump picked governor pence. that can be used as a laboratory for the other 49 states. great credit rating, unbelievable infrastructure, they cut taxes and their relatively full employment and they have a fantastic k-12 educational quote print as well and so i think governor pence is going to expand upon that tonight. speaking as a fundraiser for the trump campaign, he's opened up a portal into the establishment

for us which we are very excited for us. charles: speaking in the portal, we spoke about the koch brothers . you know these folks very well. how important is it that ted cruz come on board to the trump train? >> well, i think it is -- it's important for a certain sector of the donor base and i think a lot of the donors once ted cruz gives the official blessing on national television i think it it will losen donors that are on the fence. that's going to be very important. let's face it, this is going to be a blood bath, donald trump and hillary clinton and donald trump needs all the cash he can get and some of the donors that are sitting on the cash, i think, with ted cruz giving the bless, i think this is going to

be phenomenal and help losenning that up. charles: some of the things that they might -- the democrats might have pushed back against more traditional republican candidate, they don't have with him, i think it's put them in something of a bind, you know, you can't really go after him on trade per say or the war or whatever, you know, sort of stuff they come out with. hillary clinton she's tweeting here and there and becoming aggressive, but how does she push back against mike pence who a lot of people think was the perfect choice? >> right. here is the problem. i don't think it's a democratic beef with governor pence. we go back to 2013 republican autopsy, remember, republicans to do better in national elections or supposed to the better first with women, well mike pence has has pushed the most blatantly unconstitutional restrictions on abortion even if the women's life is at risk, as with regard to hispanics, he's

been opposed to any kind of comprehensive immigration reform, as for young people he thinks climate change is a myth, you know, the issues that -- that republican brain trust needed to be dealt with, mike pence is doubling down on things and worse in the after math of the melania plaigerism he's pandering this nonsense. we goofed up, we took it from michelle obama. i feel bad for him because think about as vp what his influence is going to be if he's out there like chris christie and paul this utter nonsense about the speech was not -- charles: i will have anthony scaramucci respond to this. anthony: the first thing is to attack the person when you're wrong about the idea. so now we are going to pick on melania trump who is a

world-class gorgeous person from the inside to the outside because we really can't deal with donald trump and governor pence and the economic policies that are going to have to solve the nation's problems. and so that will work for a little while but the american people are super tired of that. you can see that happening in the polls right now. i know richard is worried about it. i know secretary clinton is worried about it and i will tell you what, they have to be really worried about it because there are 16 people in the republican primary that the candidate beat and they were pretty talented group of people, so look out. charles: noel, i talked earlier about ted cruz and his speech, what about mike pence also, it feels like more and more never-trump crowd is starting to fade, some are coming on enus the -- i understand the goal beyond money, it's to get the polls to

90% of the gop base, you think that that's starting to be accomplished here? >> absolutely, and i will tell you why, i've been getting calls from donors that after the mike pence selection was made, they were off the wall static, they were happy about that because it also shows that trump is not going to -- he's going to reach outside of the system. i mean, chris christie is someone who has been his friend and been in the camp but he reached across and grabbed somebody who did not endorse him. you remember pence endorsed cruz. he actually reaches, you know, over and grabs someone like pence who is a tough guy and he's tough on policy, he is, you know, less government, low taxes, really a great choice showing that trump can chose someone like this is an example on how trump is going to govern and people that don't know how he's going to govern and don't know who he is going to pick in his cabinet, now they can see it and this was a smart choice and

i think that it will losen some of the donors to give money and vote for him. charles: you know, richard, i know you sort of took the shot at governor pence, but again, thinking of all the possible folks who were pounded as potential vp's, to me this is the one that mitigates a lot of the arguments. if you're going to hang your hat on climate change, i think you might be reaching there a little bit. >> i'm not hanging my hat on climate change. i'm hanging my hat on what the republican brain trust needed to say for republicans to start winning presidential elections and appealing to young voters and having a governor who was as oppose today lgbt rights. now you can p you want. they think mike pence as somebody who is intolerant as is out there in the public's ear.

it's no one of tsehings. it's just a message. i will say as somebody who has watch it had two nights carefully, there was all this time, donald trump pivot. no, it's all attacking and frankly lies, but nothing affirmative, no positive case for what he is going to do from speakers. how many speakers -- charles: whatever it is, the polls are pulling back here for hillary clinton. i do want to ask you about this, though, anthony, ted cruz, how -- how much do you think he has to sort of come on board? we know that he's in this awkward position where he's trying to set himself up for 2020 but also must be a team player and not look like a spoiled brat, even some former cruz supporters are disappointed in how he's acted recently,

where does he draw theline of distinction and how important it is for donald trump? >> listen, i can't speak for the senator, i hope he reaches across the i'll like governor walker did. if he doesn't do that, that would take damage to his personality and presidential prospects going forward because at the end of the day, the only way this party is going to come together and win a presidency is if we unify as a team and certainly senator ted cruz represents a portion to that party and he has to send a message that he's a we person, the i's are not going to win this charles and that's why i've been calling for a unification of the party here particularly around this candidate. he's an exciting candidate and he's a candidate that's offering a disruptive vision to the middle and lower of the working-class people of the

country. it's resinating in the polls now and he's going to take that right through november. charles: thank you very much, for republicans the case -- the argument would seem as they are going to argue that trump is just better than hillary clinton or so far narrative to a certain degree mostly that you just don't want to vote for hillary clinton. in fact, take a look at chris christie last night. >> we cannot promote someone to commander in chief who has made the world a more violent and dangerous place with every bad judgment she's made. we cannot make the chief law enforcement officer of the united states someone who has risked america secrets and lied to the american people about a day after day. here it is, everybody, we didn't disqualify president of the united states, the facts of her life and career disqualify her. [cheers and applause] charles former white house press secretary has been a vocal

critic of donald trump but you also are going to vote for him, right, in november? >> that's right, what i have said there's a lot about donald trump i don't like but i would vote for him over hillary any day of the week. charles: richard goodman just made the argument that over the last couple of days we've heard more about hillary clinton than we have for donald trump. in other words, it gets back to the old question in politics, do people go to a voting booth vote for someone or against someone? >> i heard both at the convention. i heard people talk about what's wrong with hillary and people heard about what's right with trump and i think people will vote for both. the people who voted for donald trump were attract today trump, they liked his outsider populist message, he's not like people in washington and they flocked to him in a way that nobody predicted. they'll be other people like me that are much more establishment-oriented types and

don't like donald trump's style and offensive things he has said, i was raised you have to make a decision and you to vote. not voting is not an option. i will vote for trump. charles: so it's not about the ideological stuff, for you it's been more about style and delivery and not the idea that, hey, for instance the platform wants to bring back -- >> what bothers me about donald trump support and not engage people. no leader should talk about that. that's what unsettled me. look at what hillary has done, unprinciple and dishonest, there's not a chance i could support an unethical person like hillary. charles: there's one thing to be offended by someone the we they speak and style and someone's actual track record.

people wonder how do you become worth a hundred million dollars plus as a public servant, how do you have such a multirecord track record and never having to pay a price for it. >> everything hillary stands for is how to redistribute more money, take from one citizen and gives to another. donald trump understands job creation better than hillary clinton. he understand capital success and markets. look how far the left hillary clinton ran to beat bernie sanders. donald trump by temperament gives me concern but from ideology there's thing i differ from trade and reform. when it comes to core issues, i'm fine with donald trump. charles: i think i heard reince priebus say sometime this week that they'll be deliberate outreach particularly to hispanics and black voters and i

know in the past the republican party has grappled with that, i think it's like marketing any product, you want to market it to everybody but that's just me, if it was coca-cola i would market to every product in the country. >> but what trump is doing is growing the party in a different direction and that's to blue-collar working democrats. charles: the old regan democrats? >> that's right. if it's not black or hispanic because he has a weakness in those areas -- charles: is there still enough time to maybe work and get it all? >> that's what a campaign will test. trump has hurt with minority, hard to come back there. charles: thank you very much, i really appreciate it. while another business network continues with those reruns, have you bought enough vacuum cleaners yet? fbn, we have been all over the place. we had the official nomination of donald trump, this election

is all about the economy, when we say we are looking out for you and your wallet, we really do mean it. we are going to be back at it tonight. we are going to be covering the big speakers, wisconsin scott walker, florida senator marco rubio, texas senator ted cruz, newt gringrich, trump's running mate mike pence, we have you covered all throughout the night. sitting in new all-time highs, why are americans feel sog down? that's in the case ♪

you've wished upon it all year, and now it's finally here. the mercedes-benz summer event is back, with incredible offers on the mercedes-benz you've always longed for.

but hurry, these shooting stars fly by fast. lease the gle350 for $579 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. 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. charles: stocks like microsoft and facebook helping push the market higher. s&p at all-time highs right now.

let's go to politics reporter caitlin burns. caitlin, it's interesting at a time when the gop is focused on the lack of opportunity, millions of people out of work and stagnant wages, front pages of newspapers are saying, hey, a new day for all-time high in the stock markets, how do new republicans talk about the stock market? >> i think they are trying to make this a personal message. you see signs of the economy improving but you talk to voters who are feeling differences when it comes to their personal economic security. so that's kind of a message that republicans have been trying to tap into, of course, the theme of the previous night was the american economy, but the messages were really focused against hillary clinton. we didn't hear much from republicans in terms how they would, you know, policy

specific, how they would get the economy going again. it was very much railing against the current administration and hillary clinton gearing up for the next week. charles: now, i mean, you've studied this and you understand the history of these things, do you think it's going to be good enough or at some point you have to put some meat on the bones? >> at some point you have to put meat on the bones. right now the party is really focused on party unity and so you're hearing a lot of the anticlinton rhetoric having a rallying effect among republicans here. that's been a focus by republicans to really rally up the base with kind of conservative nuggets, if you will. i talked to some strategists that say after the convention, one they hold party unity

achieved, specifics on policy, typically campaign start to announce, you know, economic teams, for example, delegate those tasks and messaging. charles: i would like to see that as well. i don't know that a lot of people understand how lower taxes impact their own wallets and livelihoods. i do want to ask you about this, donald trump tweeting about the media backlash against his wife's speech. the media is spending more time doing forensic analysis on melania's speech than hillary clinton's emails? >> well, this is certainly that's been hovering over the convention over the past couple of days and the trump convention has taken flak for it. i talked to newt gringrich earlier this morning and he took a similar approach, he told me that it is the media's creation that they, you know, other

candidates have plagerized before and the scrutiny to melania sun fair. i would note that this is an important aspect of the trump campaign as we are considering it in terms of management and it really underscores some of the problems of management. the trump campaign has tried to rebound from it but donald trump's tweet is actually telling instead of focusing on pence today, the unveiling of the vice presidential nominee officially, he is kind of rekindling this drama with the tweet. charles: mainstream media know they can get donald trump rattled up and to your point, he keeps it going. i would be tweeting all day about donald trump, jr. and his sister, they gave two amazing speeches. i'm not a political expert but if i was trump i would be talking about that all day long.

>> i think a lot of strategists agree with you. charles: see you soon. charlie standing by with a key conservative leader when a moment turns romantic why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away

for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis and a $200 savings card.

>> so what do you say? what do you say that we unify this party? what do you say that we unify this party at this crucial moment when unity is everything? charles: speaker paul ryan calling for unity. it's getting mixed reviews. it feels like some say it's better then no unity at all. guys, take it away. >> chairman of the american conservative union and a good guy to talk about republican unity or disunity, you heard what speaker ryan said last night. is this a unified party or not?

>> i actually got to see speaker ryan at breakfast. he's doing the responsible thing. he's made clear he has issues with donald trump but he realizes the alternative, that hillary clinton is a disaster and i think it's great. >> you're a veteran of the george bush administration? >> the younger bush, let's make it clear. [laughter] >> i remember the old man. but any way, there's a story out that the younger bush he may be the last republican president ever given what's going on with donald trump's campaign. this isn't a guy to hyperbole really. >> it's a provocative statement. the republican party is changing. donald trump cause this, he was entrepreneur politically as he is in business. he was smart enough to see it. the fact that there's a huge section of our party, 30-50% that want to focus on different issues and want to get back to

basic issues of sovereignty and constitutionalism and he saw that and got in front of that. for our party to ignore would be a huge mistake. we would be literally writing our own death warrant if we don't invite these people and keep in as part of the coalition. >> donald trump bring a lot people, democrats. >> most votes ever. he's costing votes too. >> sure. >> will the positive outweigh the negative for republicans? >> here is what we do at conventions, we come to our convention and toap down our rhetoric. >> a lot of prayers. >> a lot of vanilla. i think he will. >> you think he will? you think he will be president? >> i think he has a good chance to be president. >> there you have it. [laughter] or i'm only kidding.

charles: thanks a lot. >> if donald is president, you know, i'm not getting invites to the white house christmas party, you know that. charles: maybe you won't. maybe the second term. you have four years to make amends. the democrats that turn republican and the reason why, well, it just might surprise you i'm just a guy who wants to buy that truck.

and i'm just a guy who wants to sell him that truck. so i used truecar. it told me what other people in the area paid for the truck i want. and because we're a truecar certified dealership, i already know the truck he wants. so we're on the same page before he even gets here. -it's fair. -and it's fast. look good? looks great. this is how car buying was always meant to be. this is truecar. ♪ ..

>> if hillary clinton were elected she would be the first president who couldn't pass a basic background check. >> she lied about her email. she lied about her server. hillary clinton cared more about protecting her own secrets than she cared about protecting america's secrets. the charge of putting herself ahead of america, guilty or not guilty? charles: republicans taking aim at hillary clinton's email controversy, the former obama campaign advisor on how much this hurts her. we have seen in the last two weeks or so, maybe 3, hillary clinton's support starting to chip away a little bit, starting to lose to donald trump in some polls. it is having an impact on her. is the overarching message that the email controversy, her

trustworthiness and competence on top of it? >> last couple weeks have been rough for hillary clinton but the good thing is the emails are behind her and it has chipped away at her. i would be lying if i didn't say that. i think we have to move forward. less then a week from now we will be at the democratic national convention and we will see a difference from what we are seeing with the republican convention. we are going to have actual democratic leaders who are going to be there for hillary clinton, putting forward why we should put behind her and it will be a stark difference from what we are seeing now. before i appreciate you not putting any spin on the impact the emails have had but it seems you put spin or wishful thinking on the idea that they will go away. what makes you think the email controversy will go away from

the republican party? >> absolutely right. it is not going to go away and hillary clinton needs to figure out how she will respond to the emails because republicans will continue regurgitating the same lines they have not just for the couple weeks but the last 25 years so she has to deal with the emails, it is not going to go away but she needs to talk to the american people and next week will be that time. two things need to come out of a convention, unifying behind the candidate, making sure the base and everyone is behind that candidate and reaching beyond, trying to build the coalition and democrats are going to do that next week. we have leaders of the democratic party converging and making that happen and bernie sanders endorsed her. we are in a good place. we unanimously passed the platform two weeks ago, progressive platform. we are in lockstep with making

that happen. charles: appreciate the honesty. protesters gathering outside the are in see, demonstrators threatening to burn the american flag later today. jeff flock is there with the latest. jeff: for now what they have done is brought in a symbolic wall. maybe you can hear the chants, wall off trump. what they have done is attempted to block the main entrance into the convention, the delegates, one of the protesters talking to the crowd. want to see if we can block this off, police officers attempting to break this open and make sure folks still got access, i think they do. and the delegates continue to

make their way in and out, this is the main access points, getting in the door, this is the end of the symbolic wall, these are the indiana state patrol, police officers from multiple jurisdictions around the country are here to help. these folks keeping the line open so delegates can continue to make access in and out of the convention. a symbolic protest as you decca out a little later. symbolic burning of the american flag is planned. not sure what will happen there but the more folks you see surrounding me will be there as well. charles: thank you very much. after the break microsoft getting a huge boost, the tech turnaround continues, all about the cloud. they are not the only one, we are watching that and the rest of the market very closely.

nicole: i am nicole pedallides, another day another record on wall street. the dow, 18,00059718,00597, the s&p gaining 9, the nasdaq down 51, a record we haven't seen since march 2013 and we will see about the seventh record day,

looking at facebook, another record crossed $121. trading at the highest level ever, facebook fans and shareholders. good news out of microsoft that helps boost the entire tech sector. netflix and twitter clear, yahoo with a per os, netflix up to present but don't forget it dropped 10% yesterday, worries about subscriber growth, twitter is a winner, descending in the uk, watching yahoo as the story continues for yahoo, certainly 59. more foxbusiness after the break.

charles: trump's speechwriter meredith mciver offering resignation after backlash over milania trump's speech but the trump organization rejected it. mister trump said people make innocent mistakes and can learn from it. >> as far as background on this woman she is a former ballet dancer, she has been close to the trump family for years and helped donald trump write a number of his books, she is somebody that is known as a trusted hand to the family. i think the fact that she just came out, owned the mistake and said milania trump admired michelle obama which is why she looked to that speech for inspiration, she couldn't have been clearer, the trump organization saying you are valuable, you made a mistake but

stay with us. charles: she said i apologize for the confusion and hysteria my mistake has caused and today more than ever, i am honored to work for a great family. i admire the way mister trump has handled the situation and grateful for his understanding. >> it lets the speechwriters who were legitimately hired to work with milania trump off the hook. a lot of people were coming for them saying there is a free website you can go to which essentially steers all professional writers away from unintentionally copying or not realizing where a reference came from so they were taking a lot of heat, how could you not even do this for free? are you completely incompetent? her gracious and open admission left them -- charles: a lot of college students use those a lot. if they are out there, someone in their second year of college uses this to make sure there term paper doesn't --

>> if you don't do that you look like an amateur. assuming they were paid decent money. charles: this is a nice note. we will see what happens in the meantime. i will talk to you about twitter. a popular blogger posting abusive content against ashley jones, twittersphere, conservative twitter sphere has gone nuts over this because it is interesting when isis does so much recruiting on twitter, negativity and name-calling and things i have seen attributed to the actress herself, not sure if they were her actual tweets, seems that this -- two people should have been suspended from twitter today. >> the snl remake and sub remake of ghostbusters, the female version, some people saying it was a bad movie but did seem to become very personal.

they criticize these technologies, if you can crack the code on helping bring down people who would traffic children, for facebook that is one area they have had some success, why can't you do the same if you are so smart? charles: not only that but specifically, you saw facebook had this issue, and reached out on twitter and jack replied on twitter, looking at this right now i will take action and he took action and wonder why silicon valley so adamantly anti-conservative, why they continuously cut off the voices of people popular in the conservative movement or conservatives who make liberals uncomfortable. >> they have to answer for that reaction, facebook was accused of leaving out conservative voters altogether, removing,

sidelining, the algorithm, there are also people who are angry for other reasons. this person was blocked, conservative blogger but a lot of women saying i dealt with a lot worse on twitter and what lizzie jones did, how come when i complain to twitter nothing has been done. this where are the metrics, where are the goalposts? what is the difference between free speech, most people will follow them and if they don't they understand. charles: at the least, we know who not to offend on twitter. let's talk business. microsoft up big time after hitting a 3 month high, earnings up last night. making the transition, done it really nicely so ibm, almost every company done well on the cloud space being recorded in this earnings season. >> the microsoft story seems to be it is getting away from any investor thinking it is big and

boring and all it does is sell vaguely useful corporate software. they have done a very good job, the numbers yesterday transitioning and becoming a true competitor to amazon. we have seen through amazon, this is a powerhouse, huge generator of revenue. the point is it is there cloud. if you have a small business you run it through the manned more small businesses, seems are using microsoft so amazon should hear the football coming. charles: i think they did but seems like everyone is doing well and i'll benefiting so far. >> we need more storage, we are not putting up with websites that take a long time to launch. you just leave that site. businesses realize the stakes are high. we have a lot of choices. charles: really appreciate it. to the elephant, not in the room. with the economy front and center at the rnc, one republican noticeably absent.

we will be right back. . ...it's a supercomputer. with this grade of protection... it's a fortress. and with this standard of luxury... it's an oasis. introducing the completely redesigned e-class. it's everything you need it to be... and more. see your authorized dealer for exceptional offers through mercedes-benz financial services. mercedes-benz. the best or nothing.

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.

charles: you believe the us government, the current us government hates black people? >> the current government system is the same structure it has always been. we can call it dislike, antipathy, but regardless, there is a difference in how the government treats and addresses black people. >> african people in america were never repaired after jim crow and the government redlined them and never gave restitution for the holocaust enslavement of african people. before you think barack obama hate black people? >> i don't think olcott 8 people or our governors hate black people but typically good

people, you can put good people in a bad system. of the company culture is screwed up it will hang out in the market. the market for us is african people in america. charles: that was part of my exchange with activist jay morrison was a government's role in the lives of people in the black community is a big reason my next guest changed from being a democrat to a republican. albert, you are a state senator in louisiana. we understand the community finger pointing and victimization but as always fanned from on top which legitimizes it in the minds of many. >> that is correct and that is an unfortunate circumstance. this whole brouhaha is inflamed by dragging things from the past into the present, things that happened 400 years ago or 150

years ago are part of yesterday. we must address today's problems today. charles: i don't disagree with that. things that are 50 or 60 years old are still in the past even if we have some of the wounds, the idea those wounds are healing and the focus should be on where we are going, not where we have been. we should celebrate we were able to emerge from those things. no country has done what america has been able to do yet the narrative is always somehow there is a government instilled conspiracy to hold certain people behind no matter what. >> i am part cherokee and the cherokee were not treated very well. we didn't fare well as america came into existence and there was slavery, and the cajun people suffered tremendously in the diaspora from canada. we can't live in the past, we have to put victimization aside.

this is a land of opportunity and freedom and we must take advantage of the opportunity that is with us today. charles: you switched from being a democrat to a republican. are republicans doing enough to articulate what you are telling me now, that doesn't seem condescending, and equate it to pandering which i think is a mistake. >> i see here in cleveland a lot of outreach and commitment to reaching out to the black community to bringing us into the mainstream of the gop. this is not something that is new. it has in going on but we have turned our backs on the gop, put our eggs in one basket, the democrat party's basket and that has not fared well for us. we are on the bottom rung in employment, safety and educion. we have to dsomething different and the republican

party presents us a great opportunity for something different that will work for us. before not only are we on the bottom rung but the distance between the bottom rung and the next one keeps growing and the next 20 years, black people in america are going to find themselves either extraordinarily further behind, without doing something different or embracing differences, a lot of that are part of the conservative platform. it would be ironic, i don't know about you but things i grew up on, self-reliance, belief in god, believe in family, things my grandmother and grandparents preached to me and somehow it all got messed up. don't know where it got wrong but i don't know how it will be fixed because i'm not sure democrats have this message that seems to resonate. >> the democrat president lyndon johnson said when he signed the great society legislation in the

mid 60s, i am going to give them just a little, not enough to make a difference, just enough to keep them quiet. he did that. he would have us voting for the next 200 years, voting democrat for the next 200 years. that attitude has been responsible for destroying hour initiative. the hunger in our souls for greatness to make us great that has been suppressed, we must sustain greatness and spirit for greatness. charles: part cherokee, cajun and african, census forms must be hell for you to fill out, thank a lot, appreciate it. >> i am running for congress in louisiana. charles: we got you, thanks a lot. alvina king will talk about the racial tension and activist jay morrison. donald trump, mike pence making

their first appearance together tonight, donald trump the official nominee. we will be all over that next when we come back.

. . .

charles: in one hour donald trump and mike pence holding a meet and greet with family and friends in cleveland while gop ticket is taking ohio. this is cavuto coast to coast, i'm sorry carlos payne. senator ted cruz addressing the convention tonight. many conservatives signal now is the time for ted cruz to formally endorse donald trump as president but there are fears within the party that cruz might be a little bit more focused on the 2020 election. congressman, you were ted cruz backer and endorse donald trump, it puts you in a unique position. i don't know how well you have the air of ted cruz, do you have a sense of what may happen tonight? >> well, and i haven't coldheartedly endorsed donald trump but he showed me a lot

when he came and met with us in the house, the house of representatives in congress and it was there i asked him, you know, it's your convention. i asked him to sit one-on-one with ted and he did that. he asked him to speak even though ted did not endorse him. he's been an ally and the brother trenches fighting for our country in congress but i don't know what he's going to say tonight, but we all know what happens if hillary clinton wins this election, there is so much at stake but, you know, charles, for a presidential candidate -- i was just talking to mike huckabee, in prior conventions any that didn't endorse candidate we weren't going to get near the stage.

donald trump has shown me a lot. that's a very courageous man to let ted get up there and speak and he doesn't know what he's going to say. i don't know what he's going to say, interesting. charles: by the same tone, though, this is the unity convention, that's sort of the title of it all and the conservatives are shown some resistance to donald trump, we saw what happened on the very first day of the convention, so while it's a brave move it might be a necessary move if ultimately they'll be unity and, you can't ask independents to vote and democrats, you can ask but it's a lot harder. >> charles, the first procedural vote where they didn't give them a roll call, i talked to a number of delegates from other states who had said, look, i'm totally in for ted cruz, i was and our effort we were trying to just have the vote and, you know, i'm told by a numerous of people we have the vote, we

don't have enough to win, then we are totally behind trump, we gave it everything we could and it was really unfortunate that the heavy handedness was pulled. there's still a little resentment there. but again we come back to what happens if hillary clinton is president, and it won't be just the four people that benghazi that are left hanging out there without help if hillary gets to be president. there's just a lot more at stake than that. charles: everything is at stake. thank you so much. you're having fun out there. >> thank you, thanks so much. good to be with you. charles trump speech writer offering resignation following the backlash over melania trump's speech. the trump campaign rejecting resignation. peter barnes in cleveland with the details. peter. peter: that's right, charles.

meredith explaining how some words from the 2008 michelle speech ended up in melania trump's speech on monday night, and, of course, that triggered a bunch of charges of plagiarism. a person she has always liked is michelle obama. over the phone she read me passages from mrs. obama's speech as examples. i wrote them down and later included some of the phrasing in the draft that ultimately became the final speech. i did not check mrs. obama's speeches, this was my mistake and i feel terrible for the chaos i have caused melania and the trumps as well as mrs. obama no. harm was meant. she offered resignation yesterday to the trump family and rejected it. mr. trump told me that people make innocent mistakes and that we learn and grow from these xerpses.

she apologizes for the confusion, quote, my misheadache has caused. so that from meredith today trying to clear up the details and -- about this speech on monday night by melania. charles, back to you. charles: thank you very much. form e governor mike huckabee on the fallout with all of this, no harm was meant but was any harm done, any lasting harm done? >> i don't think it's lasting harm but no doubt that there was real harm but on tuesday all people were talking about, on every news channel and every network was the plagiarism charge and unfortunately that clouded over the fact that melania trump had given a masterful speech, elegant, sophisticated, she was warm and connected with the audience beautifully.

instead she was faced with this controversy. so, yes, harm was done. is it lasting, no, because melania trump is a charming person and she will go out and make other speeches and interviews and people will see that what they loved about her monday night was genuine and authentic responsibility. charles: they baited them and they understand trump -- he fights back. he's a fighter. he's a new yorker, you know, when he feels like you punch him he always get it is punch back. you had people say different things. you had reince priebus say i would fire someone yesterday. that might be problematic as an example for the entire campaign.

is there such a disarray in the campaign? >> let's be fair it was not their finest moments. you had mixed messages, you had children like donald trump, this was a terrible thing. you had a very different message depending on who was talking and that wasn't healthy, it always wasn't good that it took them another 24 hours to be able to say, here is exactly what happened, yes, statements were lifted out of the michelle obama speech, here is the person who did it, she offer today resign and then to me the big story is donald trump rejected the resignation, and i think now that -- if that story could have been yesterday, think about what a different way we would have been talking about this. if early tuesday morning it could have been said a staffer lifted the phrases, here is who she is, she try today resign and we didn't let her i think donald

trump and campaign would have looked a thousand percent better. charles: tiffany did a great job but he himself hammered home last night. if there's any win-loss i would say they have gotten it back now. >> well, i think so too. i was with trish regan on fox business and after don, jr. spoke to and i turned to trish on air, trish we may have nominate it had wrong donald trump. i thought the speech was a seminole event, it was absolutely kind of those moments in speeches at a convention like barack obama's 2004 keynote speech, it was -- it was absolutely amazing. i've sat there because i wasn't expecting that kind of donald trump from donald, jr. i didn't know it was in him. amazing. charles: they look better. you look fantastic yourself. you lost some weight and have

the hair slicked back. you're looking good, i just want to tell you, congratulations, have fun out there. we will come back to you soon. >> complements will get you a free lunch next time i'm back in new york, charles. charles: i will take you up on it. thanks a lot. we have protrump and antitrump protestors and they are start to go clash outside of rnc. jeff flock is the man you need when it does happen, jeff. jeff: you know what we are seeing, charles, the protestors we saw earlier have marched into the squire and they have both proand antitrump forces here. i don't know, listen to some of the debate going on. [shouting] >> go to the immigration office and ask them. >> every aspired citizen i know would go to that office if it existed. if they could pay a fine -- >> i said everyone that i do know that doesn't have papers right now, they would pay a fee

and take a test and -- jeff: disagreeing but yesterday we had a problem where people started pushing and shoving and there were problems. today people are making their views knew passionately but they are doing it calmly and they have no problems. i want to give you a bird's eye 360 of where we are, yesterday we had, you know, a touchy situation, we had the kkk down here, we had the west baptist church and this is what the nation is all about, these kinds of debates. veterans on one side, folks that are not so thrilled with donald trump on the other side and, you know, this is what america is all about. this is all just fine. no problem. charles: democracy in action.

all right, jeff flock, thank you very much, we will keep an eye on you and the crowd, of course. now quicken loans arena to react to these protests outside the arena and how the city of cleveland has embraced the convention. first of all, congratulations on scoring the event. right place at the right time. what do you make about things have gone so far? >> you know, charles, thank you for asking. it's been absolutely spectacular. i think all of the efforts to be be able to change dialogue on cleveland and show case the city, renovations taking place, the weather has been terrific. people are having a great time, i think their experience mid western nice as well and that with walkable downtown and all the great assets connected together, it's been a tremendous experience so far and we are looking for a closes root tomorrow with the culmination of

the convention on thursday. charles: of course, you guys are flying high with the winning of the nba championship, the first time that has come back from that sort of decisive margin, the emotions, incus and a half, do you think that cleveland now will be able to carry this on and even greater rewards once the convention is over between now and the next basketball season? >> absolutely. first of all, i'm here with my friend larry, the larry brian trophy for the championship. we obviously had a black cloud hanging over cleveland even though all terrific things are happening with more people living downtown, more investment in the region than ever before and people visiting cleveland, the fact that there was 52-year black cloud hanging over cleveland and breaking the curse and that has really, if you want to say, lifted the morale and spirits to cleveland realize its

full potential here. the shot that drove the fumble, the video real, that is gone dead and buried and even since then the indians have gone on the a terrific run and talked about world series prospectively too. people are looking forward in cleveland. second largest media event in the world show casing what the best of cleveland has to offer. it would be a change to the community and how people think of us internationally as well. charles: congratulations, you guys deserve it. >> thanks very much and thanks for all that you're doing to support the cause here. charles: you got it, you got it. i would like to see the trophy in person. right now the dow joan on track for eight straight of record, longest streak for more than three years but a lot of americans are still struggling, they're not connected with

what's going on in the market. lerona hawkins on why the stock market is up but so many people are still down. what do you make of it all because still i would say half of americans have 401k's, so why don't with see sort of a reflection of this stock market enthusiasm in mainstream america particularly when it comes to the economy? >> that's this week's enthusiasm . we had the brexit vote, everything was going to go to hell, oh, wait, never mind, we are all good. earlier this year it was all going to end because of the price of oil going down. now we are fine again. charles: bottom line is we have come a long way since march of 2009.

wewe will talk about this all of the time, people think -- but still the average person, you lost your job, you're not making the same cash, but there was a time when the market was proxy for the american people. >> no, it doesn't. it feels like it's all about central banks these days. we are entering the sixth consecutive quarter of falling revenue. that doesn't look so good. we are going about roughly 1.5gdp growth for the first half of 2016. none of that sounds terribly inspiring. what happens after brexit? look around the world. the european central banks, the bank of japan, the bank of china, everybody said we are

going to put our foot to the metal, we are going to do more and more monetary policy. more of that printing money, son of a gun f the prices of stocks didn't go back up. we have a game of musical chairs with all of this money chasing fewer and fewer stocks. charles: you know, i think treasury is honestly getting more of that cash than equity. >> that's been the winning bid the whole year. you've got hardly anywhere where they can get it in these days. charles: it's tough. we have a long way to go with respect to our economy. thank you very much, i appreciate it. >> thanks, charles. charles: dow is on track for seven straight -- i think it's eighth, i am going to check that. as we rally, republicans are saying it's really time to rally around donald trump. that's where the bull market is, he's certainly rock and rolling it in cleveland. more on that when we come back

[hip hop beat] ♪olympics 2016, let me get you on my level. ♪ so you never miss a moment, ♪ ♪miss a minute, miss a medal. ♪ ♪ why settle when you can have it all? ♪ ♪soccer to wrestling. track and field to basketball. ♪ fencing to cycling. diving to balance beam. ♪ ♪all you have to sa♪ ♪ is, "show me," and boom it's on the screen♪ ♪ from the bottom of the mat, ♪ ♪ to the couch where you at? ♪

♪ show me the latest medal count♪ ♪xfinity's where it's at. ♪ welcome to it all. comcast nbcuniversal is proud to bring you coverage of the rio olympic games. >> donald trump wasn't my first pick, heck, i was my first pick. you can laugh about that. i supported someone else even in the wisconsin primary. in the end, donald trump is much, much better than hillary clinton. hillary clinton is unfit to be president just by the fact that she lied to the american people. charles: wisconsin governor scott walker when it comes best at the economy it's anybody but hillary clinton. on the republican holdout should follow suit with governor walker. more and more of the nontrump or antinever trump folks are certainly coming on board. pat, i want to know how many should including ted cruz and should they include even more

enthusiasm? >> well, i think that they will. you can feel it here, frankly, i found very interesting and compared to say in tampa in 2012. there's a lot more energy on the floor. it's a very looking party. much more blue collar. the die-hards, never-trump people, most of them have come on board. they have accepted a certain reality and as the polls close which they -- as trump starts surging as he has done in the last couple of days the enthusiasm level tends to rise. they see a chance to win and i believe -- and they see in hillary clinton a unifying force just as the democrats want to use trump as a unifying force and the republicans see that. they will get on board and some of them really have -- who have been really paying soar losers,

they lost, they need to get on board. charles: evidence that one of the arguments was that donald trump was going to hurt the down ticket but we are seeing key senate races where republican candidates are really starting to not only gain traction but bill distance between rivals. >> yes, they. this has been one of the great myths promoted by the mainstream media all of this time is they did not understand this political year, the notion -- this idea that down ballot races were in danger because of trump, there has never been evidence of this. there's never been any more evidence of that than hillary clinton hurting the democrats. the presidential elections are on a different keel and i think that you're right, the evidence is now coming very clearly to the contrary whether it's in ohio with portman, whether it's in pennsylvania with tomey as some people think as a big surprise.

it's just not -- florida in rubio who seems to be doing quite well. so i don't see as quite dangerous. democrats do have a real shot because of the number of seats that are up in the senate but that's no different than the day that donald trump got in the race. charles: pat, real quick, i want to ask you about the notion why people vote as if for someone or against someone because still we are hearing that ultimately it could flimsy if they are voting against hillary, may not show up, may not be enough motivation? >> i think the turnout -- it would be better or lower than 2012. i can tell you that the voting decision is not a single element. it's not like an equation, the different factors to weigh in is how important for the country, what do you see, when you get down to two people that you don't like or whatever, you have more options and that is -- can

change. charles: it's going to have to change. >> otherwise the unhappiest election of our time. charles: someone is going to be happy in november. pat, thanks a lot. i appreciate it. we have a preview. ♪ 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. lease the c300 for $379 a month at your local mercedes-benz dealer.

mercedes-benz. the best or nothing.

charles: donald trump holding an event with vp pick governor mike pence in cleveland later today. blake berman islive on the site, blake. blake: hi, there, charles. donald trump promised a different convention in cleveland. we are certainly getting it or about to get it. you have to see the field behind me. the science museum. here is what we are being told from the trump campaign that's going to happen at 2:00 o'clock, 35 minutes from now. donald trump will be landing his

helicopter above our cameras here, hovering above cameras and landing it in the field here behind me and at that point we are told he's going to walk off of the helicopter and joined by his family. at a certain point he will be joined by mike pence, running mate and the pence family and they are building this, the trump campaign as donald trump's launching point to being here in cleveland. now, yes, we saw him here on monday as he briefly introduced his wife melania for her speech. we saw the via remote shot last night where he made brief remarks but they are building this, the helicopter landing, entrance as the jumping point. as far as pence goes, charles, he's already done his walk-through here in cleveland, his speech comes later tonight. right now, though, it's all about trump. back to you. charps charps we had the big fog machine and now the helicopter. i think tomorrows he will come

out with a jet pack. that's the only way he can top this. what do you think? >> a jet pack, what else. maybe -- if he hovered his plane above us, how about that? charles: thanks a lot. i really appreciate it. i want to go back with michael at quicken loans arena. charlie, a statement has been issued on the melania trump speech and some other things have come up, take it away. >> yeah, a statement from the speech writer who you probably know -- >> i'm not quite sure that i know. >> she essentially took responsibility for -- let's be clear lifting key passages from a a speech from michelle obama years ago. here is the question i have, and it kind of gets beyond whether, you know, these people -- people

make mistakes. >> sure. >> some the journalists are still on tv. how did it happen? doesn't it show that a real lack of infrastructure in the trump campaign? if you don't know enough that there are software packages that catch obvious plagiarism, how are you going to create a structure among state? >> they were running a lean and mean inefficient machine. there's a lot of lag in making those corrections. software that checks on the authenticity of speech is not as important assetting a team on the ground in florida and paul is playing a lot of catch-up ball right now. i bet they already purchase it had software now. that speech was tremendous. i feel terrible. >> it was well delivered. >> i think that was just a

mistake. as a speech writing, you check other people's speeches to see how they went over and things that you'd like, you try to, you know install in your speech, you don't copy and paste it but you try and make it your own, she probably jus you left trump, agreed to resign from the trump campaign tweeting out what i thought was best tweet of the election. ding-dong, the witch is dead, when corey lewandoski was, i guess, when he was finally fired. you regret any of that? >> i do because i offended donald trump. he made a very difficult decision that day to let go somebody who was his friend. i tweeted into that storm. it was very irresponsible. it was unforced error. i became part of the story. you don't do that as advisor. >> all the problems with infrastructure, which the can campaign obviously has, you basically admitted. do you think he can win? >> i think he can win. i think paul manafort is on top of this. more and more infrastructure built up especially after

convention. waiting for this moment for a lot of reasons. i think paul is going to do just fine. >> there you have it. guys, back to you. charles: charlie, yesterday things got heated here between me and activist morrison. up next, martin luther king, jr.,'s niece on fix. most of misery at hands of other people. >> what is the other. charles: stabbings i seen. >> who put them in the condition? charles: the harm i've seen. >> who put them in that condition? ♪

[announcer] is it a force of nature? or a sales event? the summer of audi sales event is here. get up to a $5,000 bonus on select audi models.

. . . .

>> repair aid, restoration. charles: let me tellingyou something, no black people in america who were ever slaves. not a single one. no white people at this point ever slaves. >> correct. but is there residual effects of that? charles: not for the average person on the inside. not for average person. >> how did black people get into the ghettos? did the government not red line black people, put red lines on the map. google it. the government put black people into ghettos through red lining. charles: massive concerns in this country over racial divide after murders of police officers in the last two weeks. to dr. alveda king on racial tensions that continue to flair up. dr. king, thanks for joining us. i'm not sure how much you saw of interview with me between activist jay morrison. i heard where he is coming from many, many times.

i heard from my own friend and family. the idea government will be one to respare and restore the black community, to me i think is a huge mistake. >> well you know, charles, i appreciate the opportunity to speak in to the dialogue. i understand jay's frustration. i did follow that interview, however, the government is not necessarily the enemy. the system is. and so because of the system is the problem, and it is systemic, we the people are going to have to rise up and demand that that sick system be repaired and corrected. now how do we do that? first we look at the truth that my uncle martin luther king, jr. tout, my dad and brother, ref denned king, acts 26, we're not separate races we're one human race. however our country was really built on forced labor, free labor, slavery, indentured servitude, all of that.

there were various codes and issues put into place to keep that system going. so today, where you have people of goodwill, good hearts and skin color of every ethnic group, abhor the time in our history, the system has never been corrected, repaired and replaced. so today, quite often you will have african-americans of every class, middle class, upper class, poor, young and old and then you will have the poor caulkcation working community sometimes and other ethnic groups trapped into a system that wants to still keep the indentured servitude, forced labor, free labor mentality. so the system is the problem. the government is we the people. charles: well, it feels like though if the system has morphed into something different, because i see indentured servitude, people born on welfare and somehow never get off of it, and die on welfare, t

faustian deal if you will with the government's last system, if you will and i guess ultimately, the bigger question is, who, who is the onus on to escape the system? because we've got an array of examples of people in all of those different classes you talked about that have actually escaped the so-called system? >> the onus is now on americans much good heart, goodwill, people like me, who pray, i'm not really bragging about it, but i admit i pray. that goes across every ethnic group and skin color. we need to pray and elect people of good heart, very intelligent, free thinking, who understand that we are one blood. then we begin to treat each other not as if we were separate colors, classes and races. of course we have ethnic groups that have very strong distinctions. i'm african-american and my family we're part african, part irish, part native-american and

i love every aspect, every cell in my body, every bone but we have to begin with intelligence, prayer, forward thinking. deal with this broken system, that was designed to keep people in servitude, indentured servitude, whatever you want to call it. another name is white privilege. get out of our history. let's leave that in the past. we now have to fix this broken system. however, i believe that we the people, can be the government. and i believe that we can come together through prayer and reasoned thinking and fix this broken system. charles: i tell you what? i pray with you as well and we've got some breaking news because i love to continue this. i think we also as americans have the privilege of fixing our own lives but together we can make this whole country bert. i appreciate your time, dr. alveda king, see you real soon. i do want to get back on the

topic. we do have the protests heating up in cleveland. i want to go back out there to jeff flock with the latest. jeff? reporter: i don't know what is happening listening to your discussion, i don't know what is happening on the square in cleveland now is designed to make the nation better, although some people think so. this is church group, warn the wicked.com. i don't know if you can overhear some of it. i don't want to repeat some of what is being said, but i can say, that they are inciting a lot of hateful talk out here. attacks by this alleged church group. and it's, been very difficult. the police have moved in. cleveland police as you can see, have put a cordon around this group. i don't know, i feel like i can't even convey what is happening in terms of the speech without letting you hear it. so maybe i will let you listen for just a second. >> every day.

he will -- can not, he will draw his sword. >> that is not some of the most hateful stuff we've been listening to here but attacks on african-americans, gays, et cetera. regardless, your opinion about this, police had to come in and in fact they have got now multiple cordons around this group because at first we had, you know, others, the other side, pretty big other side, as far as i'm concerned but, say "black lives matter" folks, anti-trump protesters, shouting back and forth. so the police have a cordon. these folks have the floor at the moment. and i would say it is, you know, it is a tense situation. we'll continue to watch it, charles. that is all i can say. charles: jeff, thank you very much. we'll definitely come to check back on you in a minute. more on that in a second. pence about to make his pitch for the economy.

millions of people out of work and haven't had a raise for years. will he have the right stuff? can he convince america he can help fix this country? we'll have it all tonight.

for the port i'm lori rothman with the fox business brief. another rally for u.s. equities market with the dow jones catching lifetime high second day in a row, poised for a seventh day of record closes. dow up 52 points or a quarter of

1%. the reason markets are rallying today, is crude oil. oil turning around today, after being down the last two days. got some inventory data. apparently stockpiles, surprisingly fell more than expected. and declines for a ninth consecutive week. that is the story on oil. no surprise that is actually giving a boost to some major oil producers. look at chesapeake energy up, six 1/2%. tesoro corporation up 1 1/2% and anadarko petroleum up 1 1/2% as well. that just about does it from here. stocks in rally mode. let's get you now back to "cavuto: coast to coast."

charles: right now indiana governor mike pence finalizing his speech. dagen mcdowell with what we should expect to hear tonight. dagen? >> charles i think you will hear a lot about indiana's economy and impact governor pence had in that state. let's start with the tax cuts. mike pence as governor of indiana has cut individual income tax, corporate taxes, property taxes, and done away with the inheritance tax. but he has also been, someone described it to me as a champion of energic small government. but that also means, indiana has

the largest and fastest growing private school voucher program in the country where mike pence, taking off something that governor mitch daniels started, has expanded the availability of school vouchers. has lifted the cap on school vouchers. and taken on kind of entrenched teachers in the state to offer more choice to people. i think that is what, he is really will focus on what he has been able to do in indiana and how smaller government is better government. charles: you know, i'm with you on that, dagen, particularly when you talk about, we're just entered the knowledge century. the next 100 years, i don't care what anybody says you can campaign on one thing but we know factually, intellect, intelligence, knowledge, that kind of thing will drive economies. if you don't have great schools you can't compete. that is a soft spot for hillary. protecting these school teacher unions is a huge mistake. look where we stand. our teenagers versus the rest of the world's teenagers. it is amazing thing.

i love the idea, connect those vouchers, connect charter schools to the future around economic prosperity. >> and this is something that donald trump hasn't talked that much about and in fact hillary clinton this week speaking to some teachers group called out mike pence and i'm paraphrasing, called the governor essentially like the enemy of teachers, the enmin of public education. but that is actually a compliment if you're coming from the right. and i think that is something that you will hear more about. and that is the kind of empowerment that people are looking for. and again, big picture, charles, you talk about this all the time. this is a choice. this is a choice between you making decisions for yourself, your family, and making decisions with your own money. or you handing over that money and handing over that power and giving it to the government because the people in power, elected officials think they know better than you in terms of making decisions that govern your life. charles: yeah. >> i think that those are the broad strokes we should hear tonight and tomorrow night.

charles: well, don't forget, president obama saidt's a myth in this country we actually ever did pull yourselves up by the bootstraps. really appreciate it. >> you didn't build that, charles. you didn't build that you own a business, charles, you didn't build that. charles: no i didn't. >> don't forget it. charles: see you soon. microsoft, stock at three-month high. looks like we could be heading for a tech turn around. microsoft looking great. microsoft looking great. we'lyou do all this researchmuv on a perfect car,

then smash it into a tree. your insurance company raises your rates. maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. just one of the many features that comes standard with our base policy. call for a free quote today. liberty stands with you™. liberty mutual insurance.

charles: microsoft lifting tech stocks and market. driving anticipation that ebay can do the same thing when bell rings today. david asman will be of course covering these for you at the close at 4:00 p.m. start with microsoft. >> stuart varney must be very

happy. his shares growing he could retire now on microsoft. he really could. we hear a lot about the cloud and that is what drove microsoft, even though they were disappointing on some things they were growing like gangbusters on the cloud. what is the cloud? the cloud is on demand. you think of watching boxing match on tv, on demand computing, that is where computer growth is going. that is where television going. all about having device and television with on demand and all the on demand stuff has to go through the cloud. that's why when you hear the cloud, it is very important to realize what it is. it is all that on demand stuff. whether it is your tv, whether it is your tv or your computer or handheld device. microsoft is doing great because of their cloud work. there's a company called amazon web services, aws. they have kind of a hold on that market. they're losing some of that market share to people like microsoft and intel, which is

reporting today, it is going to be very interesting because they have opinion trying to sort of break into the territory in the cloud and other companies are doing the same. charles: google is at 3%. surprised they haven't done anything aggressive. my favorite, ibm? >> they're well situated to go into the cloud. aws holding a sort of monopoly over the thing they're ripe to be taken from that market share. charles: good news to your point, we create so much content, so much information it has to go somewhere. >> we have to go to the cloud. charles: thanks. banks are beating so far. wells fargo had the worst and they even beat. >> i know. they're beating even though the profits are down and revenues are down. morgan stanley, was great after hours today, even after they reported, they beat expectations but they reported losses compared to last year. what has happened, by the way, we have american express coming up, which is now a bank. and they're going to be reporting after hours. we'll cover it in the 4:00 hour.

what is happening a lot of stock buyback is going on. obama economy, people are not lending and people are not borrowing. what does that mean? banks have to make money other ways. a lot has to do with stock buybacks. morgan stanley has been doing it. american express has been doing it. that concerns me. charles: talk about halliburton. >> chief the halliburton said rig count bottomed out. they're adding more rig counts. baker hughes deal was going through, that the government blocked cost them $3.5 billion just to nix the deal. government regulators killed the deal. they're killing a lot of deals, costing a lot of people money in exit fees. but perhaps it is time to look at halliburton because the rig count looks like coming up. charles: "washington examiner" says trump will be pleased with ted cruz's speech tonight. we'll be right back.

♪ is the world truly ready for a vehicle that can drive itself? an autonomous-thinking automobilesideand outside. ready or not, the future is here. the all-new e-class. self-braking, self-correcting, self-parking. a mercedes-benz concept car that's already a reality. mercedes-benz. the best or nothing.

.. ♪

(ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store.

charles: fbn was all over the nomination of donald trump. and marco rubio, mike pence, it will be explosive, and it was also covered in the next hour. >> they were in reruns, a big deal. we are live from the floor of the convention, we are a few moments from donald trump's arrival in cleveland as the official republican nominee for president of the united states. you are watching "the intelligence report," we are coming to you from the republican national convention in cleveland, ohio where donald trump is expected to arrive by helicopter any minute from now. we have a live picture of where he is going