because it affects everybody. >> that's true. for missionaries of charity in yemen and a retirement home in arts. this is a new level of depravity. >> pray for that priest and a nun finally fighting for her life. stuart: good stuff. thank you one and all. that's it for us. >> even if you don't pray, good time to start. ready to go, the big question is are they rally around the wrong person. i am charles payne and for neil cavuto. bernie sanders pleading with supporters to put there in louisiana from this kind hillary clinton. president bill clinton getting ready to pitch hillary. the democratic party is much different than the one he addressed in 1992. if clinton has faced the challenges with an increase in the liberal base, the party has moved significantly to the left. everyone's bragging about the most progressive platform.

how will they receive bill clinton? >> well, i s suspect they won't receive him badly. i'm not certain how they will welcome him. he is after all a centrist democrat. he ran on reforming welfare, passing a major anticrime piece of ledgers nation. all of these things are elements of the democratic coalition as it exists today. there will be plenty, but there will be a rapturous welcome tonight. charles: does not provide an opportunity to go back to his rhetorical skills? let's face it. the guy talked his way into the white house and was able to maneuver as a great politician. can he bring those skills to start a maybe bring the crowd to him to not only make them abrasive, perhaps make hillary more palatable to the audience. >> look. there are two audiences tonight. the audience in the hall.

the bigger audiences whatever it is. 10 million, 15 million, 25 million watching. four years ago he did a great job for barack obama by basically surveying as the defender in chief if you will a president obama, explaining why he deserved to be reelected for economic record. tonight he will be explaining to the american people why he thinks hillary clinton is the most qualified person to be president and why he thinks they ought to support her. i'm not certain how much he will play to the crowd in the audience. he will try to avoid offending them, but his main focus will be speaking to the people turning in to watch the festivities and figure out who they might support in the fall. independent turn into the convention center and off again until we get the presidential debates in the fall. charles: here's the thing. he's got to walk a fine line of

the entire dnc saying things that really good but could be a lot better. the natural action under seven or eight years of the democratic policy, why are they great right now? >> charles, you put your finger on this strategic weakness. you can trust donald trump to be president, but you can trust hillary because she's asked. and qualified. she's been around a long time. he is for a change. she is for the status quo. when you have one out of every four americans begin the country is going the right direction in lebanon of 10 on the wrong track, that's not a good position. starting last night with blood began to make the turn towards hillary. how they reach that by thursday night is difficult to do given the nature of the argument they have to make you want to make.

charles: how does he parse the notion that hillary is following my lead and you remember how great things were rendered me and barack obama were things aren't necessarily that good. >> what i thought was interesting last night is elizabeth's warns beach if you take out, the words about hillary clinton, it is a full out assault on the economic record of the obama here. growing income inequality in the system is rigged. people are getting screwed. each one of them tonight will have to deal with this tonight and tomorrow night. how can you say to the american people, reelect us, give us a third term for barack obama because democrats have done such a good job over the last eight years without sounding like you are completely status quo. people don't like the status quo. the question for donald trump is can you reassure them enough that they think he's capable for doing a good job once he gets in there for the democrat.

go and make the argument all day long for these marks are instant qualified and has a better temperament. every time you say that, that reinforces she's part of the crowd. if you like what they've done, vote for her. if you don't, vote for someone else. do not know clinton is a political contortionist. if there was an olympic event to compete every year.ch for them. tonight i bet you a dime to a dollar hillary is the most qualified person to seek the presidency in our life time. >> if he doesn't, we will accuse him of plagiarism in the morning. by the way, you heard it here first former obama donors skipping this year's democratic convention because of what he is calling a conspiracy against bernie sanders. to be clear, he is no bernie bakker. he wants the process to be fair. welcome to the show. >> thanks, charles. good to be here. you've been a principled

democrat and i don't say that in a facetious way. you've spoken about things he felt president obama has done wrong here in new york or the end now you are dissing the entire democratic party convention. do you not think that hillary clinton won the election fair and square? >> first of all, i don't see myself as a democrat. i see myself as an american first. the basic premise of our society and democracy is fair play. everyone gets a fair chance. what we have right now is a country where the majority of most americans do not feel they get a fair chance in a fair shake in this economy. especially african-americans and other minorities. so here, the party of opportunity in the party supposed to be the most is internally routine again against bernie sanders.

>> do you feel perhaps he would've won if things are on the up and up? >> killer clinton would've beaten him straight up anyway. i don't think they needed to do it. i'll tell you another thing. look at the few candidates running for the democratic nomination in the cycle and in terms of quality candidates, hillary clinton is head and shoulders above the others. maybe other democrats out here realize the game was rigged and didn't compete this time. i think the challenge is when there is a rigged process, it discourages open debate. bernie sanders has a huge following. americans are very frustrated. his campaign was about bernie sanders. it was about his message. many people on the democratic side feel they are being left out of the system is rigged. the democratic party in order to be successful and in order to be

standing are the principles that they believe and are supposed to let everybody have an opportunity. >> is dan's right now, who are you backing for the white house in november? >> no one. i'm listening like other americans. i still believe hillary clinton is qualified. i would buy into that she's the most qualified person to seek the presidency. i do believe she's qualified in many areas. donald trump has been erased issues, but he certainly got interesting qualifications in terms of the economy. i would like to hear more. i am looking forward to hearing the debate host the rhetoric of the convention. i'm not dissing the entire democratic party, but i just can't in good conscience go to a convention being run by a group of people that rigged a campaign against the number two candidate

in the democratic primary season. it just does not stand for the principles of our country. charles: thank you for taking the time. we appreciate it. meanwhile, donald trump trying to win over disenfranchise democrats, hoping his message on trade will appeal to bernie bakker is, boris epstein and south carolina democratic governor jim hodges on trump's message to lower bernie back. we know that there is some similarities when it came to trade between donald trump and bernie sanders. bernie sanders has been pounding away over and over, imploring supporters to not give your vote to donald trump. why should they? >> it is not about bernie sanders anymore. you hear the supporters say that. it is not the movement they believe in so much about being disenfranchised by clintons. it's issues like trade. america's less 700,000 jobs because of nafta.

it would cost millions of jobs. donald trump is by far the strongest candidate. we know hillary clinton is favor of the tpp. they are not controlled by bernie sanders. they are their own people, not listening to bernie sanders goodenow to listen to donald trump and coming out because of the messages on national security on the economy. >> i haven't seen evidence they will go for trump intros, but more and more won't vote for hillary. the enthusiasm gap she was hoping to fill with the supporters may go unfilled. >> well, let's see where we are her stay. last night was earnings night. i thought he did a fabulous job. michelle obama was terrific. you will see the term this week and by the end of the week, you will see sanders supporters embrace hillary clinton. charles: what will do the trick? yesterday they were upset,

emotional and they seem pretty adamant about their position right now. what will change that in 48, 72 hours? >> i thought this morning. there is a much different attitude this morning then there was yesterday. the reality is they are scared of donald trump. they are scared of what he would do to the country. they don't believe he will fight to working people in our country. back in another's mouth is a recent sanders voters will turn to hillary clinton. there's a much better chance to get the agenda passed with hillary clinton and then there is a donald trump and the voters know that. charles: outside of trade, we hear bernie sanders talk about it. they are the exact opposite on a slew of other issues near and dear to progressives. >> donald trump will not become bernie sanders overnight. he's not going to pander voters i killer clinton and 79 by speaking spanish based on a trip

he took 35 years ago. donald trump is attacking those voters in reaching out and say i am the only you can actually trust. he's the only one has ever created jobs between the republicans and democrats. when tim kaine became governor, unemployment was under three or four. when he left it was over seven. it was a four-point decrease unemployment in indiana. a strong contrast to hillary clinton has never had a job in her life that she got on her own merit. she's never worked in the private sector. she's only failed. she scaled the va, secretary of state and now she wants to get the top job because of failures. i think that they're going to put on varsity. that is simply not going to happen. charles: thank you votes. really appreciate it. new details on the terror attack in france.

isis is taking responsibility next. mayor rudy giuliani on the cost that terroristterrorist s have been entirely not. we will be right back. ♪ 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,

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charles: another deadly attack in france and according to french media reports, it to killers forced a french priest who kneel next to the altar before they executed him. isis claiming responsibility for the attack. while voters look to leaders for a plan to rebut these attacks, the democrats avoided the issue entirely. something the republican ticket hit hard today. >> it is extraordinary to you that yesterday in philadelphia 61 speakers came to the podium and not one of them named isis by name.

this man will name our enemies without apology and he will defeat them. >> we need to change our foreign policy to focus on defeating and destroying isis, a word you didn't hear last night at the democratic convention. you didn't hear it. they don't want to talk about it because in a very true way, they really established a service because of weakness. charles: democrats outlining thread of wall street. the former new york city mayor rudy giuliani, something near and dear to your heart. are you surprised that the criticism and frequency of these attacks that is the issue completely. >> they are telling us who they are. well, they have made the world more dangerous than it has been, i don't know, since the cuban

missile crisis. i can't remember. there's a thing in "the wall street journal" today at the three attacks one week in the southern part of germany. that is one every other day. then we have a priest right near the german border who is bothered on the altar. we have had children killed by isis. we have had and killed by isis. these are things that violate religion and we have an administration that can't get the word islamic terrorism that caused major natal's attack workplace violence. i have been investigating, studying, prosecuting islamic extremist terrorism in 1975. i will tell you this and the president doesn't get it and hillary clinton doesn't get it. you've got to put them on defense. when you pull back, they come forward.

when clinton didn't respond to the attack on the uss cole, which was outrageous, they killed american sailors as an act of war. that sent them on a big signal. president obama and hillary clinton make bill clinton look like general patton. charles: what to make of president obama saying what we are seen as a reflection of us women on the battlefield that we've taken 40% of the land, that we push them back. soon we'll take other key cities. this is actually a sign of desperation. >> it's an asymmetrical war. there's never a possibility here that they can conquer america appeared whether they control land where they don't. if they kill people in america, killing priest in france, killing people in europe, they

are doing what they are supposed to do as a terrorist group. he doesn't understand who's the war with. they are at war with and he's doing something really. they'll have to be very careful. even when he kills them, i would rather have captured and then killed. charles: killing them is the easy way out. >> and an ex-prosecutor, ex-investigator and i am a security company. also, you tell me why it is more immoral to water board somebody then put a bomb on his head. at least if you water board, he gets a chance to say that waterboarding. i'll tell you what i know. charles: the most recent attack feels like -- are you worried that we are becoming just sorted so accustomed that they don't have the shock value anymore that they showed? to your point, they are happening with such frequency.

maybe we see it in political polling with the presidential election. >> i look at the fear factor six months ago in today. we've gone from 40% to 70%. that's a tremendous job. so i think people get it at home. i think anybody of any religion when they think of it reads having a needle at the altar and basically his head chopped off. >> how can you deal with the muslims born in america, who may be radicalized in some way and decide to carry out. >> here's the other thing the president doesn't do. he pulled out of iraq. his .9 of afghanistan say no boots on the ground. then he says it's a war of ideas. he's not fighting the war of ideas either. he's talking about the superiority of western civilization and why it is much

better to allow women in the workforce into a not allow women to drive in saudi arabia. who is doing the contrast? who is fighting ideology? he never talks about it. he never talks about the fact that women can't drive in saudi arabia. he never talks about the fact that they stone women under sharia law. he never talks about these things. during the cold war, we did carry on a war of ideas. we are broadcasting into russia and cuba and eastern europe. that's the solidarity strengths. charles: hillary clinton mentioned 208 times. donald trump 96 times. isis terrorism grand total of zero. mayor giuliani, thank you very much. really appreciate it. stock market in the meantime has been up and down. we will break down for you when we come back.

charles:shares of donald's bank after reporting weaker then expect the growth. they also have announced all day breakfast. nicole petallides digging into the numbers. reported last night. maybe a victim of their own success. >> that's right. the all-day breakfast had been from the donald's. down over 4%, the number one loser in the dow jones just to elaborate. business to the highest level since attack through a 2000. that is one we'll talk about in dupont. let's break it down looking at mcdonald's growth in the u.s. the actual growth of 1.8% for same-store sales are down is a disappointment the analysts are expecting 3%. the weight on this.. then we move it over to texas instruments and that's a different story.

the second-quarter profit came in at 779 million to beat the analysts estimate surpassed last year's numbers. when you look at a 10 year chart, you can see it's up over 6%. the 10 year chart shows you the picture of how it has moved over the last 10 years. you'll see the arrow right to the top and even that doesn't meet the levels of 2000, that makes the shareholders happy to see that kind of moved there. it also brings the outlook and that brings us to dupont chemical feed and producer. that has been also a profit jumps there. a rise of 8.5% over the last quarter. when they gave their forecasts, they raised the lower end of the range and that's a positive as well. stepping up costs getting offers to us to move ahead with their deal. good news there. dupont is a winner. 194 companies reported the s&p 500 in the tech names in particular last week and we'll see what happens.

charles: nicole petallides, thank you very much. all the earnings fallout in the message to the market. i find it really interest to the texas instruments of the world rally in the market ahead while other one is concerned apple may be the thing holding usback. >> the technology sector is one of the cheapest out there with the price estimated growth ratio of 1.4 trading at 3.4. the leadership in technology will carry the market higher. >> to that point, i've been pointing out this is a fascinating reality. the modern day category, not only are you getting dividends, but it's up 20% for the year. who would think the utilities should be up 20%? it is a good team because they're not being led. some people read it as a bad thing.

>> i think it's my generation seeking savings. we can't get retirement income out of the treasury. you can't get a big dividend out of most u.s.-centric stotts except for utilities and telecommunications. both of those that are's have been performing very well for that type reason. charles: we've seen over the last three months were consumers that mark him as a lesson to back and will probably match the all-time high credit card debt before the year is over. how do you do that because to lead economic data on new home sales are the highest in 8.5 years here feels that the economy may be starting to get a little bit of traction. >> that's exactly right. the economy is stronger than the official government just end it will accelerate in the back half of this year. the earnings news will look great as we get into the third and fourth quarter because they were so bad last year. people were woefully underinvested. charles: what you think that's all about?

the political atmosphere where people have been burned so much. i talked to people, tried to say by what you spend your money. it's a tough message to get across. >> is because they don't manage the risk. the investor is captured in the benjamin graham's quote for the portfolio management is the management of risk, not returned. people don't have a discipline for the most part, which is why they need a good financial at eisner. charles: or put it in the coffee cup. really appreciated. you're one of my favorites. hillary clinton will officially be nominated. doing whatever they can to stop them. rumors of what he may do to stop his own backers are making this a catastrophe. we will be right back.

charles: hillary clinton bracing for a roll call vote. bernie sanders' delegates now expected to make a lot of noise. want to go to jeff flock on sanders supporters acting outside and inside the convention. right now he's outside. jeff? >> reporter: down on the plaza outside city hall or, and maybe you see this is safely a group i would say that is a never hillary group. bernie or bust, is what they say. you know, i'll tell you, charles, we spend a lot of time talking about the differences between clinton and trump. to this group, they feel like hillary clinton is a whole lot more conservative than she makes

out. they feel like donald trump's a whole lot more liberal than he makes out x to this crowd there's not a choice between clinton and trump. they feel that both are a losing choice. listen to the chant -- >> bernie or bust! bernie or bust! bernie or bust! >> reporter: to them it is bernie or bust. they are safely not going to come around to hillary clinton despite last night's speech. now, i will say this is a smaller group than we had yesterday, but there are other similar protests planned around town today, and i'll tell ya, his speech last night did not bring those people around, and it's not going to bring those people around. that's what this lady -- >> never, ever, ever. >> reporter: never. >> never. >> reporter: you're not worried about donald trump? >> you know what? i'm not going to be scared into voting for somebody who doesn't share my core values. and so we'll see what happens after this week, but if i vote,

it'll be for jill stein. >> reporter: appreciate that, ma'am, thank you. that's the sentiment from a lot of people out here, charles. they're not going to be moved. it's bernie or bust. bernie. charles: all right. thanks a lot, jeff flock. and, of course, there are a lot of disenfranchised democrats out there including bigwig don peebles. and just moments ago this is what he told me. >> i'm not dissing the entire democratic party, but i just can't in good conscience go to a convention that is being run by a group of people that rigged a campaign against the number two candidate in the democratic primary season. it just does not stand for the principles of our country. charles: charlie gasparino was ahead of this news, and he joins me now. charlie, it was interesting to hear don peebles say that, and, of course, we've got these big crowds outside the convention. but last night you said that you felt to a degree maybe they

were, there was more unity within the democratic party than the rnc? it's hard to believe. >> reporter: well, if i said that -- did i really say that? [laughter] if i said that, it's about that much more. charles: yeah, exactly. >> reporter: i'll tell you this, you know, one of the themes of this convention is going to be grappling with unity, and, you know, it's clearly not a unified party. all you have to do is walk into the convention grounds from the outside. i took the subway here, and you're almost accosted by bernie sanders supporters on the other side of a fence, okay? they're blocked off by a fence, yelling at people coming in, essentially saying, you know, the democratic party is a fraud, expressing some of the same sentiments that don peebles is saying. now here's the rub though, bernie sanders didn't actually give a bolshevik-like speech last night. he was a party unifier last night. he may, as you how know from recent news reports, go out there and actually nominate clinton on thursday night. and we should point out, you know, there's a lot of people

that are talking that the establishment is starting to reassert itself in a major way. so i'm going to tell you this, for all the talk about this unity, it's clear that bernie sanders is looking to unify this party in a way that ted cruz did not do with donald trump. we should point out one other thing about don peebless as, you know, we broke the story yesterday, we reported it on "cavuto coast to coast" and put it on foxbusiness.com. don peebles wanted to make a point with me in particular because i greated out something earlier that his comments were not directed at hillary clinton, but at the party apparatus. so even which i believe, you know, just so you know, i take him at his works, but to me, that's semantics. there's no difference between the democratic party and hillary clinton right now. charles: right. >> reporter: even he is bowing to the pressure if you're going to boycott this, do not attack our presumptive nominee. remember, there's more unifying sense here than not. charles: well, here's the thing though, particularly after the

e-mail thing, there's a lot of pressure to distance hillary from the democratic national committee, parts of the party. >> reporter: right. charles: having said that, i see polls where they say bernie's people from anywhere from 70-90% ultimately will vote for hillary clinton. how important is it that she gets those votes? because she had no enthusiasm in her campaign. >> reporter: well, i agree. and, you know, we're going to see her up close and personal. she's kind of a flat candidate. i think her choice of tim kaine was kind of interesting. i know why she did it. let's be clear, she picked a white male to blunt donald trump's appeal to white men, particularly working class white men in purple states. that's why she did it. but tim kaine as a vice president is not exactly someone that's going to light the house on fire. and she's going to be out there alone. her rhetoric, her disposition, that's a really tough thing. and i'll tell you, it's a very tight race. so she needs every vote. every vote is going to count in this election as it always does. but, you know, these are two

candidates that, you know, negatives are very high on both of them. they need their grassroots bigtime, and it's going to be an interesting election. but we're going to see. let's see if bernie sanders does introduce her. if he does, that's a big thing. charles: right. >> reporter: don peebles could have stuck the knife in and twisted it like ted cruz did to donald trump in a sense, but he didn't. he clearly called me up, or his pr person, and tried to delineate between the dnc and hillary. he's still a hillary supporter. he's trying to make a difference between the scandal and the candidate. whether he carries that off, i don't know, and i think it's only a difference of semantics. i take him at his word, but i'm telling you, charles, there's a little more unity here than i did see at the republican con vepg, but i will say this -- charles: maybe he didn't twist the knife, charlie, but it's more than a paper cut, that's for sure. we've got to leave it there -- >> reporter: i will tell you this, paul simon was horrible last night. i just want to make that clear. [laughter]

by the way, we're going to talk about this in the coming hour, anthony weiner -- charles: thanks a lot, charlie. >> reporter: anthony weiner's coming out to address that question in the next hour. [laughter] charles: see you in the next hour, charlie. again, you hear it all right here. this is must-see tv. in the meantime, democrats calling for more government during the convention, believe it or not, but is it already hurting cities across this country? next. [laughter] ♪ ♪

♪ >> i'm nicole petallides with your fox business brief. we've had back and forth action, and now look at that, we're going to try and get close to that unchanged line. the dow and the s&p are lower, down 34 for the dow, the s&p down 1, and that was after four straight weeks of gains and some records last week. the nasdaq holding onto a gain of 7 points. utilities and telecom are under pressure. take a look at mobileeye, they did beat on earnings per share and also on revenue, however now it's plummeting. the stock is down 7%, off the earlier lows after ending its partnership with tesla going forward. then there's microsoft. microsoft just hilting a new multi-- hitting a new multiyear high since 2000. as we're seeing right now, microsoft is to the upside though we should say that moody's did put microsoft on outlook negative concerned about

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charles: day two at the dnc, and democrats are already promising, you got it, more government. but we're getting news that public pensions are squeezing local governments from coast to coast. adam shapiro's here with the details. >> reporter: and this has been a tidal wave, charles, that has been coming for years. we've talked about it here at fox business for at least the last four years. public pensions, state pensions specifically, are finding it harder and harder to keep up

with their responsibilities. and now there's a projected estimate -- this is coming from wilshire trust universe comparison service -- that the return on investment, remember, 60% of most public pensions are invested in the stock market. well, that return over a 20-year average has now father-in-law, this is a projection -- fallen, this is a projection, below 7.5%. the reason this should trouble you is that the pensions rely on a 7.5% or greater or return to keep taxpayers from having to close the gap. well, taxpayers are going to have to close the gap as returns fall. and here are the states. if you're a taxpayer in one of these states, you're in trouble. the unfunded pension liabilities are worst in illinois. illinois has only funded 39% of the its pensions. they have $120 billion hole. then take a look at kentucky, 44% funded. connecticut, 48%. alaska, 52% funded. new hampshire, only 57% funded. smaller returns in the stock market mean more money out of

your pocket if states are going to meet their obligations to retirees. finally, the states where you don't have to worry too much, these are the funded pensions that are the best. south dakota, 99% funded. wisconsin, 99% funded. tennessee, 94 percent. new york, 89% funded. washington state, 88% funded. at the end of day, charles, this is a choice politicians will have to make going forward: do you pave the roads or do you pay the pensioners? charles: i think they're going to try and have both, you know? particularly now. everyone wants to rebuild the roads. higher taxes. >> reporter: great question, right? you couldn't raise taxes enough. it's a $4 trillion -- i want to repeat that -- $4 trillion unfunded liability when you add all the tate and local government unfunded liabilities. and that comes from joshua row at stanford university. $4 trillion. not enough taxes that you could raise. charles: but, adam, a lot of people at home are saying we've been hearing this over and over again. every politician -- by the way,

both democrats and republicans have talked about infrastructure be, that's almost a $4 trillion on a federal level, you know? everybody's talking about spending money on roads and raising money for other things. who, i mean, do we just have to hit the proverbial wall, drive off the cliff? >> reporter: no, there's no way to avoid this and, unfortunately, we've already seen how it plays out. in rhode island, pensioners at the local level in one community actually wound up taking a haircut. these are people who were retired because they couldn't meet obligations. charles: scary stuff. appreciate it. crude oil having a rough come of weekes. you can see it right now, we're keeping an eye on that for you with. also want to take a look at this chart. stocks rallying to record highs, but did donald trump just say this whole rally is built on a bunch of lies? we've got more after this. ♪ ♪ ♪

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>> you laid out a pretty strong case, prosecuted a case in your speech last week the economy is not doing well -- >> well, other than having a phony stock market and, you know, it's being fed all this cheap money because that's what it is. i mean, the interest rates are so ridiculously low which means people that used to want to live on their interest rate, they can't anymore. and that's a false stock market. it's a bubble. but it's a really false stock market x. other than that, it's a disaster. charles: donald trump saying the stock market rally is a fake one. dagen mcdowell in philadelphia. all right, dagen, how much do stocks reflect reality, certainly the reality that people are feeling? >> donald trump does make a point, charles, that all of the action by central banks around the world, and i want to point out the european central bank along with the bank of japan are buying $180 billion a month in assets, namely government bonds.

that is more than at any time since the financial crisis if you can believe it. so that's what he's talking about. these central banks are forcing people into riskier assets, into stocks. there's certainly truth to that. but, charles, if you're running for the presidency or you're the president of the united states, you really need to stick to what ronald reagan said about the stock market, and that's stocks go up, stocks go down. that was after the '87 crash. because if he's right about the stock market -- and i'm talking about trump -- he's going to get accused of talking down stocks. he's not going to get praise for calling a stock market bubble that then eventually popped. he'll get hammered for that. so he might be right, but he needs to rein it in and just stick to talking about the u.s. economy. charles: yeah. i find one of the ironies though that the average person watching this show is probably not in the market. in fact, over the last two years americans have taken a record amount of money out of stocks via etfs and mutual funds. but having said that, it was --

>> but they are savers, charles. they're getting, they're getting -- well, they're getting the shaft -- charles: they are, there's no doubt. >> -- when it comes to saving money. charles: there's no doubt they are, particularly older people because there having been some cost of living adjustments, and that's one of the real dangers with what the central banks have done. >> right. charles: again, it's sort of a dangerous proposition. we know the market's cyclical, and every naysayer can say they were right, but you're right, it's a dicey game. >> right. charles: i do want to ask you also about last night at the dnc because the mainstream media for the most part is saying overwhelmingly the star of the night was michelle obama. let's take a quick listen. >> don't let anyone ever tell you that this country isn't great, that somehow -- [cheers and applause] we need to make it great again. because this right now is the greatest country on earth. [cheers and applause] charles: you know, a lot of people trying to stick up for hillary last night. many think she probably was most successful.

>> charles, she was. it was a really, it was a terrifically written speech, and it was delivered exactly right. it was a political speech, but it was swaddled like a baby. so you had michelle obama taking indirect shots at donald trump, even using language like thin-skinned which the democrats have used over and over again. you've heard hillary clinton use that. but then it was really -- she started off about children, the future of america's children and her own. and here's the trick that the speech writer pulled. michelle obama had to come out, the first lady, and endorse hillary clinton. and the clintons and the obamas have had a strained relationship. but so you get michelle obama, you get the first lady to talk about her daughters, her daughters growing up in the white house. that automatically makes an emotional connection for the first lady. so then she moves into talking about hillary clinton and supporting her. so she seemed really emotionally attached to the speech. but she did that through her

kids. rather than through the first lady, potentially. i'm reading into it, but i thought that that was kind of a brilliant maneuver by michelle obama's speech writer, by the way, who's been working with the first lady for eight years, so she knows her. charles: i thought it was a very good speech as well and, of course, many saying she's come a long way from seven or eight years ago when she had only become proud of the country after her husband was elected -- >> charles, i said the michelle obama in the future, she could sell chain saws to women of this country. that's how good it was. charles: by the way, i love that line, swaddled like a baby. i'm going to borrow it. thank you very much. >> have at it, charles. charles: in the next hour, anthony weiner and don't forget, fox business, every second of that democratic convention, we have it for you. and we've got more show for you after this. there are p?p?h

>> it is time to heal america.

[applause] and so, we must say to every american look beyond the stereotypes that blind us. we need each other. charles: well, that was then, the clintons facing a much different democratic party now. this is cavuto coast to coast, i'm charles payne in for neil cavuto. far-left sanders supporters not enthusiastically jumping on the clinton campaign, and tonight, well, bill clinton gets to make his pitch. to connell mcshane on this. the clintons are being forced to move too far to the left. connell? >> reporter: well, it is interesting, charles, how much the party has changed i said bill clinton was -- since bill clinton was in charge as president of the united states. he'll be speaking tonight to a different party and doing so in a different role. it's kind of fun for us to get down to the floor so early in the day and get so close to the

stage. tonight you won't even be able to move down here. bill clinton will be speaking just up there. you don't see a lectern? somebody's still got to push a button and make it come out of the stage. we've been watching some of the rehearsals from some of the musical performers tonight. when bill clinton speaks, to your point which you've already made, it's a different party. not so much the talk of free trade or criminal justice reform as it was in the '90s. it's a party that's even moved left from 2012 when bill clinton gave what was a well-received nominating speech for barack obama as he was seeking his second term in office, and think about the role he finds himself in tonight as a former president speaking on behalf of his wife who's looking for his old job. it's certainly unique. we're told the former president has worked hard on this speech himself and that he will be providing us with a number of personal anecdotes of his wife and her early career and what have you. so all of that is tonight, right? but tune in a little earlier than that because one of the more intriguing events on this floor will be the roll call

vote. i'm walking right up to the new york delegation and where they provide their roll call. i'm sure you've seen this, we even saw it last week out in cleveland when donald trump jr. was standing here nominating his father. this may be where hillary clinton is nominated to be president by her own home delegation, she served as senator. but keep in mind these bernie sanders' delegates, they want to make a last stand of sorts, a protest, some sort of chanting, maybe even walking out of the hall. watch that roll call before we see bill clinton take the stage tonight. should be a fun night. back to you. charles: thanks a lot, connell mcshane. donald trump wasting no time trying to sway those bernie sanders backers his way. >> the problem is that bernie sanders has lost his energy, he's lost his drive. i think he's exhausted. [laughter] you want to know the truth. but who can blame him? but i think he's totally exhausted. i think his supporters are not exhausted, and his supporters are liking what i'm saying in

terms of trade, and we're getting ripped off in trade deals and lots of other things. so i think we're going to get a lot of those supporters to come with us. charles: to bernie backer neil saroka and mercedes schlapp on whether trump has a chance with those backers. neil, you're shaking your head, no -- >> absolutely not. [laughter] charles: there's like hundreds of them inside the building and thousands outside the building, and they seem like their votes are up for grabs. >> no. you know what? after a long, hard-fought primary, there's always people as you're going through this healing process that say i can't possibly vote for a primary opponent. but at the end of the day, the 13 million bernie sanders voters that came out and worked so hard to give him 22 states are not going to back a billionaire bigot over the course of this general election. it's just not going to happen. charles: you know, here's the thing, mercedes, and i'll let you reply to that. neil said worked so hard. you know, i don't know how many will vote for donald trump, but you've got to wonder about the

enthusiasm and what kind of effort they'll put in for hillary. >> well, i've got to tell you, i don't know why a bernie sanders supporter would back a liar, someone who literally works closely with the dnc where they knew that they were secretly helping hillary clinton and going against bearmy sanders. i would -- bernie sanders. i would be insulted as a supporter, and i think that's what you're seeing. the problem becomes with trump that he could maybe peel off just a small portion of the bernie sanders supporter for those really interested in trade. that that is their primary issue. but when you're talking about those, for example, that are really focused on getting at free stuff -- all the free stuff, it becomes a lot harder for these bernie sanders supporters to go in the direction of trump. they might hold their nose, vote for hillary, they might today home. but those bernie supporters talk about feeling that they, that that has been a rigged system against them, it is very clear or that that's the message that the dnc and hillary clinton has sent to these individuals who

have worked hard for their 74-year-old democratic socialist. charles: neil, what do you make of that? sort of like julius caesar and saying, brutus, you got my vote. come on. i mean, these people -- let me just ask you first. you feel like bernie sanders was ripped off here, that perhaps if the playing field was a little bit more level with the dnc he could have won? >> i think there's no doubt that the dnc did not insure there was a level playing field in this primary. but here's the difference. the stakes of this election could not be higher. this is a guy who thinks just because you have mexican heritage, you can't rule in a court case as a judge. this is a guy who makes fun of disabled people. this is someone who has no business being anywhere close to the nuclear codes, and i can tell you that. listen, bernie sanders' supporters are are rightfully upset about what happened at the dnc. there are significant changes that are happening, and i think more are to come, and we're going to fight for some of those changes. but this is a lot bigger than the interparty politics that are happening right now.

this is about taking on this bill their bigot -- billionaire bigot candidate, standing for the exact opposite of what this country is about. charles: guys, we've got to leave it there. the dnc, of course, is all about big government, and according to neil, might get even bigger. guess what, folks? get your wallets out. >> hillary will fight be for refinancing -- fight for refinancing student loans and debt-free college. we believe that after a lifetime of hard work, seniors should be able to retire with dignity. oil companies shouldn't call the shots many washington. in washington. that science matters, that climate change real. hillary will fight for raising the minimum wage, fair scheduling, paid family and medical leave. charles: and today donald trump saying he will rebuild roads and bridges and also do it on a tight budget. >> our infrastructure is that of a third world country.

not anymore. and i'm very good at building, remember that. and i build -- [applause] under time and under budge. very important. you don't hear that from government very up. very often. charles: financial expert dan celia says that's the problem with big government, a lot of promises, and ultimately someone has to pay for it. you know, both sides -- >> charles, thanks for having me. charles: both sides are going to go for infrastructure. that's low-hanging fruit. it's going to cost $3 trillion, so there's a lot of ways to create a lot of at least temporary jobs there, but can it be done the right way, and would it take us down a path of even bigger government? >> well, i think no matter what, charles, we can't go down the path of bigger government. that's a huge problem. and do we need infrastructure? sure, we do. but we've got to figure out a way to pay for it. and i think if we're going to have infrastructure projects, which we need, which will put people to work, he's -- donald

trump has to talk about exactly where the cuts are coming from. i happen to believe that with his economic strategy he is thinking about and has thoughts and ideas and developing those ideas about shrinking the size of government. that's very important:. we can't have one without to the the other, and i think we're going to see the details of that. charles: the biggest parts of government spending, social security, medicare and defense, are not going to be cut under donald trump. in fact, we're going to double the size of the military. we're talking about finding a whole lot of fraud, waste and abuse. we know it exists, but every president promises to cut that fat off the the government. what about -- and also lower taxes. so we really need to see supply side economics on steroids. >> and it has to be on steroids, and i think there's room for it to be on steroids because what we have to remember is what

we've seen for the last seven years. and, you know, we've got -- it's so much more bloated, so much more concentrated in growing. and i think it's going to be not easy. it's not going to be an easy task. but ronald reagan did that. ronald reagan went through every department but the department of defense, and he cut the size of every single department. his goal was 5%, he ended up with much more than that. and i think those are the kinds of things we've got to look at. we've got to look at at the ideology in which the detail of the plan is going to be built upon to. charles: right. >> and that's what's important. and i think we're going to see a major ideological shift in that. charles: we had ronald reagan, and he had a great partner in paul volcker. americans took the pain for about a year, and then we were on that gold been road of process -- golden road of prosperity for all. dan, thank you very much. appreciate it. >> you're welcome, charles. charles: trump is pounding his post-convention boost. it's been a nice one.

>> i'm doing very, very well. record-setting numbers, folks. and here's the good news. whatever we're doing, we're doing something right, because we had, i believe, the largest bump in the history of conventions. charles: lappny davis on if this -- lanny davis on if this post-convention bump is worrying democrats. lanny, i think even democrats and experts certainly are surprised by the degree of donald trump's post-convention rebound. >> actually, i don't know a single person who's surprised, and, again, donald trump misrepresents the facts. shocking. in 2000 george bush was down eight going into his convention. he was up eight after. that's +16. in 2008 john mccain was down six to barack obama, after the convention he was up five. that's +11. so, again, donald trump speaks, says something which is untrue, and everybody says, wow, he's telling the truth. no be, he isn't. charles: well, listen, i'm not

saying anybody was surprised by the bounce, but the size of his -- >> he just said the biggest one in history. no, i just gave you a flat out false statement. charles: right. forgetting about his statement in terms of the number, what about the size of the bounce itself? you must admit, or you don't have to, but i think it's a pretty formidable rebound, and if i'm a democrat, i'm worried about it. >> nobody i know is worried about it. we're just beginning our convention. even if you believe there was a bounce, which i believe there was, it's a dead heat in almost every poll. and we're entering our first week which has been a great week last night, one of the great nights i've attended conventions since 1968. last night was the best democratic convention evening that i've ever been through in terms of emotion and unanimity. so we're only looking forward to bill clinton tonight. barack obama and i believe there'll be a surprise on the roll call vote tomorrow night, which i won't give away, but it's going to be a great week for us. charles: we've heard the

scuttlebutt that maybe bernie to the rescue so that this great momentum isn't derailed because it started off really rocky. what about the idea that hillary has spent millions and millions and millions of dollars and all she's got to show for it is a tie at best with donald trump? >> well, let's just wait for the final outcome of this week and the final outcome of the first debate and the final outcome this november, and no matter what she has spent or not spent, you can't overcome the fact that donald trump scares people with his finger or on the nuclear button. republicans tell me that. george bush and his father, two former presidents, are not supporting this man because he doesn't, to them -- republican presidents -- deserve to have that finger on the nuclear button. that's going to be a big issue. charles: and another big issue is the -24 favorability, nonfavorability. never in the history of a democratic candidate have you seen a candidate this unfavorable, this untrustworthiness, the concern

that this person could be in the oval office and not be trusted. lanny be, that is huge. -- lanny, that is huge. that's an albatross around this campaign. >> there's no question that she has to address that, and the e-mail issue is a great contributor to that for which she has and should take responsibility. but i've liked you and watched you many, many times and the fact that you asked me that question and didn't add the fact that donald trump's numbers are higher on dishonesty and distrust means that you're a little bit biased in your question, but i forgive you. [laughter] charles: thank you very much. i appreciate it. have a great convention, we'll come back and talk to you again. >> thank you. hope to be back on again. charles: you will, of course. in the meantime, isis celebrating the murder of a priest in a normandy church. next, the guy wondering when someone will finally get going and step up and win this thing. ♪ ♪ ♪

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charles: new details on the latest terror attack in france. two men claiming allegiance to isis storm a church, then murder a priest in normandy. isis applauding this attack as more are questioning how do we actually stop these attacks. former new york city mayor rudy giuliani reacting to the president's lack of terror strategy. >> if they're killing people in america, if they're killing priests in france, if they're killing people in europe, they're doing what they're supposed, what they are supposed to do as a terrorist group. he doesn't understand who he's at war with. in fact, he's not at war. they're at war with us. charles: navy reserve commander tom croce on how to stop this

brutal violence. welcome to the show. we hear it's a two-pronged fight, there's the military battle in the middle east and this battle in western nations, particularly more often than not with people who are actually born and reared in these countries and still have a certain amount of animosity that how do we win this complicated battle? >> here's the disturbing trend, law enforcement and intelligence services had information about the individuals who committed these attacks. there was actionable intelligence about where these attacks might occur, but yet domestic law enforcement and intelligence services are unable to prevent them because of the inundation of information and suspects that they have to contend with. charles: so we're told there's certainly a personnel issue, a monetary issue, and in some cases the intelligence-sharing issue with the federal governments and these agencies sharing with local law enforcement. so these are three major obstacles that somehow we've got to figure out to be able to effectively win this thing.

>> even if you had more personnel, even if you had perfect fusion of intelligence which i think all the components were will for a predictive piece of intelligence to prevent these attacks, you have to have the political will to use that information, that actionable intelligence to do something. and in the cases of paris and brussels and now in normandy with the assassination of a priest in a brutal way, you're seeing there still is not -- they're changing, the french intelligence services and government are coming around, but it's not fast enough, and the enemy is already inside the wire, as we would say in the military. they're already there. you need to combat this enemy where the command and control is. you need to deny them sanctuary and space to plan these attacks, and that's in the middle east. charles: okay. what about the ones who are already in the west, already waiting for their marching orders or for something to click, you know, to send them off the deep end? apparently, one of the assailants with the priest was a known terrorist, had an ankle bracelet or something on? >> absolutely.

charles: how much confidence can we have if a known terrorist with an ankle bracelet strolls into a church and slaughters a priest? how can we believe in our security? >> so long as we're looking at this as a domestic law enforcement issue whether you're france or germany or the united states, we're going to have an issue. we immediate to -- we need to, we have resources in the united states to track these individuals, but we need an aggressive approach overseas that combats the command and control, combats the communication networks, combats the recruitment networks and the ability then to translate that into good intelligence collection which we can use domestically to prevent some of these individuals from carrying out these attacks or planning them. charles: right. commander, thank you very much. >> thank you. charles: democrats championing big government at the dnc, but new reports show their policies are crushing state and local governments. we're going to have the details for you next. ♪ ♪

charles: while democrats are promising more, more, more, local governments are just struggling to keep up with public pensions that they've already promised. elizabeth macdonald here on that. liz, this is something, by the way, you've talked about for a long time. >> yeah. what's happening now is "the wall street journal" came out with a report based on a new study from wilshire investments trust, and basically they looked at the returns on public pension funds, we mean pension funds for cops, firemen and teachers. their saying that the returns on them trending around 7.5% are the lowest they've seen in the 16 years, you know, since they started recording this day. 7.5 -- charles: that's a -- a year? there are guys flying around in private jets going to the hamptons, are you kidding me? not bad. >> blackrock is already saying, listen, only expect 5% on all asset classes outside of alternatives, you know, even on stocks. so what is going on here? yes, we know public pension funds have been stretched for some time.

there's anywhere from a $3.4 trillion deficit in public pension funds. how do you make up the gap? do you lean on taxpayers to backfill, you know, these guaranteed pension contracts for cops, firemen and teachers? or do you cut back on funding for roads? watch what pennsylvania officials are saying and watch what california's executives are saying. pennsylvania's state officials are saying we may need 401(k)s in here, finally. calpers is saying this isn't sustain itself. right, charles? so going forward, and we've talked about this, you and i have talked about this, charles. it is possible to introduce 401(k)s for government worker. the gao has said this. you can do it for workers going forward, new workers coming into the system. charles: the bottom line is that unions push back on that because you're sharing risk as opposed to giving a guarantee. that's the bottom line. >> yeah, that's the bottom line. but remember, we were pointing

about how california cities like stockton and san bern dean though were tipping into bankruptcy? they hit the bondholders, this is a nationwide crisis going on. the political will, though, has to be behind it. charles: liz macdonald, thank you very much. >> sure.charles charles anheuser-busch inwe have raising their after after that british exit vote had an impact on the british pound. scott martin on why the details, why this deal is actually getting a rubber stamp in an era, in an administration that hates big deals, why let the biggest deal of them all go through, scott? >> yeah, it's pretty interesting, charles. obviously, there's some politics at play here. some of the deals you're talking about have been in the health care space that the government has been meddling in. this one's interesting, you mentioned the change in price due to the fall in the british pound, and there's concerns about what kind of distribution that might control with regards to those two companies versus other craft beers, other

microbrews, they get more shelf space, they could take over a lot of the sales. charles: yeah, but, scott, this really angered me a lot last week because it wasn't just those health care deals, they stopped staples and office depot. a combined company, $6 billion juggernaut, losing their shirt to the internet. they stopped halliburton and baker hughes, number two and number six. schlumberger, the biggest in the world, making acquisitions every single day. this is an administration that hates to see u.s. companies survive, and they make it tougher for them. here's the answer, number one and number two in the world, warren buffett. that's the answer. that's why they're allowing this thing to go through with this little b.s. about craft brewers. that doesn't matter. >> yeah. well, here's the thing, you made a good call about obviously depot and staples, both those companies by themselves are going to go out of business, abuse you're right, they're losing that race. that's why they block these, charles, they prevent these companies from getting smarter, from getting better, and it ends

up hurting the consumer in the end because when they go away, that's less competition. that doesn't do good news for prices, they go up on people, and everybody gets matted about it. charles: yeah, i've got to tell you, again, i just see these are american companies. and i understand, too, to your point i do agree this government probably doesn't understand this is a global competition and all of this stuff, and the internet has changed the game also. but i just think that there's an anti-business, you know, sort of embedded feel in this administration, and anything that they think benefits business, they just think it's not good unless, of course, somebody like warren buffett is involved. >> that's the deal. they seem to play favorites, you know? some of these deals they look deeper into and they decide to block 'em, other ones they let 'em whistle by, and how that works out in the end is bad for the consumer because those deals that don't go through end up hurting the consumer on the prices. charles: i've just got a couple seconds left. real quick on the markets, we're pulling back here. is it oil? is it just the rally's gone on too long? what are you thinking?

>> you know, man, i think it's interest rate related. have you looked at the short end of the curve lately? it's starting to pop up. we have a an fomc meeting starting today. i think there's this concern that the fed might actually move by the end of the year. i don't think they should or will, but higher interest rates this market is not ready for. charles: scott math been, really -- martin, really appreciate it, buddy. coming up, the one-two punch you've been waiting for, charlie gasparino and anthony weiner. can't wait. t they're next. in reality they're not. if a denture were to be put under a microscope, we can see all the bacteria that still exists on the denture, and that bacteria multiplies very rapidly. that's why dentists recommend cleaning with polident everyday. polident's unique micro clean formula works in just 3 minutes, killing 99.99% of odor causing bacteria. for a cleaner, fresher, brighter denture every day.

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charles: apple earnings are out today. iphone sales are expected to see the worst growth since its launch. jeremy kaplan on apple's next move. a lot of people think it is all she wrote. there is not excitement over the seven. i've seen scheme mat i can and drawings for the eight -- schematic. seems like they are running out of tricks. >> that is exactly what is going on. that is sad to see. we look to apple for innovation. we look to the company to make products we love. last few years, iphone is product, we were buying it but not necessarily in love with it anymore. the sales reflected that. charles: we're saturated. smartphone sales are up a point, everyone has one. excited things going on, "pokemon go," augmented reality, virtual reality, some things you

think steve jobs would have been finger in the wind and be ahead of the curve and be a part of it. >> i hate to be the voice of doom but think about this. when steve jobs passed a way, looking at tim cook to come on with the force behind the company, there was a lot of speculation is he is the man with the ideas and vision to bring this company into the future. looking back on that, i hate to say it, i don't know if he was. he is a great businessman. charles: right. >> the company has really thrived under his business leadership, but did he have the vision apple needed? i don't know. charles: maybe why everyone talked to your point. maybe should have been xs and os guys. bring in someone. a lot of people out there, elon musk of the world, no matter what you think of them, have amazing ideas to go forward with them. >> there are those people at apple. apple has been so secretive over the years. they continue to do that. give us a peek into what they're doing so we have idea of what cool stuff is coming? charles: i don't know. stoush is under some pressure. jeremy, appreciate it.

hillary clinton officially becomes the democratic nominee today but she is still facing a major rebellion from bernie sanders backers. charlie gasparino standing by with former new york congressman anthony weiner. charlie, take it away. >> thanks a lot, charles. anthony, thanks for joining me. second to steve colbert. >> when do you accept the nomination as treasury secretary? >> is that on the docket? >> dude, we're totally bipartisan. we're democratic. >> even democrat with conservative next to it. >> we have one or two those. conservative democrats, we put them up there. >> that is where my office is. >> exactly. >> let's go through it. full disclosure, you're not part of the campaign. you're -- >> i talk about. we have a firewall in the house, better for me this way. >> your wife -- >> vice-chair of the campaign. >> what i always appreciate of the campaign. >> you were a sitar, hillary clinton is against a fighter,

whether you like donald trump or not, he is a tough guy. does she have the chutzpah, the toughness to go toe-to-toe with him every day? >> well look, the fact of matter when you're secretary of state you're going toe-to-toe with crazies around the world all the time. she was most traveled secretary of state in history. shown us she can do it. can do it quietly as well. a lot of original openings to iran, whatever you think about the lifting of sanctions, everyone agrees sanctions regime was pretty i put that in place. very tough customer. believe me, you got to be around as long as she has been, senator from new york, you have to have a rhinoceros hide. i believe the problem is not how tough she is, whether or not donald trump will sound crazy and balance that you have to strike. >> right. >> you and i both remember, hillary clinton had a senate race against a guy named rick lazio, made mistake a debate, taking a step towards her. >> she ate him up alive.

>> we'll have to see. >> coming into this place there are iron gates. on other side of iron gate are a lost bernie sanders supporters. >> yeah. >> who are really mad. even with him, with his speech last night, doesn't seem like it worked. seems like they're still a huge faction of those supporters that are going to boycott this election. what do you think? >> it could be. look, the fact of the matter is, conventions are when organizations, in our case the democratic organization tries to pick the best candidate for president. that is our job. that doesn't mean we pick someone is you unanimous. there might be some people, i find it so hard to believe anyone who is out there, i want legalized marijuana, i want fifth dean dollars minimum wage, pension reform will vote for donald trump. by staying home, reality you're casting a vote for donald trump. i don't think that happens in large numbers. >> donald trump has very high negatives. hillary clinton has some very high negatives. do you think the email scandal is something she can get away

from? james comey used pretty tough language? >> i betcha if tomorrow i went to your editor's guest, opened up all emails, embarrassing things. it is a problem and she made a mistake. i don't believe the american people when choosing a president wants to figure out who knew the most about a server wherever building it was. >> this wasn't was in the content. she, basically violated or circumvented established rules. >> as it turned out the comey said it wasn't an intentional thing in order to hide anything. it was a function of what she said. she didn't give it a great deal of thought. to be honest, i'm glad secretary of state is not giving great deal of thought where her emails are. something else should be kept in mind, just because something is classified, there are things classified secret i can see on your show. >> really? show me some. >> secret classifications, when

i was in congress give us briefing about things we could not reveal. part of the reason they did it so public officials could intalk about them in public. don't fall in the love with notion secrets are being held from the american people. i don't believe that is necessarily some important thing. remember, there are tiny fraction of them, a mistake she made. honestly if you believe you will make a decision who should be president based on that, not who is most qualified, who has temperament, don't want you to vote. that is the most important thing. >> you're an honest guy. you took money from donald trump. >> totally. donald trump was handicapping who would be mayor. can't be relied upon for anything. >> you called him a xenophobe, racist. >> yeah. >> if is really that, did he changeover night? shoe here is what he is, a transparent phony. we have a lost record things that he has done shows phoniness. >> david duke gave awe contribution you would give it back. >> totally. >> why don't you give back donald's.

>> give him from what? campaign is, gave to me in 2004. come get it. your $4800 you gave me. donald trump gave it to me, because i, if he thought i was a great politician. >> but he wasn't racist back then. >> he has always been a bit of an ass, i will be honest with you. i left out last part. anyone from new york, as we say in yiddish, you know it too. >> yeah. >> always been a bit of an ass. >> i prefer junkyard dog, junkyard dog. >> when i'm raising money for office, i don't want money from guy that has done anything illegal. i know a lot of more about donald trump today. everything i hear, i like him less. if i had any money to give him i would give it back. here is what i would do, if i had his money i would take the money and write a check to hillary clinton.

to piss him off. >> do you think he is worth 10 bell dollars. >> 10 people are here are worth money. >> the guy hag under built anything successful think in years. do you want trump as your name on anything? if you want a spanish speaking visitor, a muslim visitor or common sense visitor you will not have donald trump's name on anything. >> he says hispanics love him. >> right up to the campaign, people having lawsuits, tearing trump off the buildings. so like even the things in that video that he did in that, dumpster fire after convention that they had, even that was phony. he said he built the west side of manhattan. he did not. he had to be bailed out from west side of manhattan. came across from queens. honestly. we chased him out of queens. >> aren't you from brooklyn. >> i am but i represented queens. i speak for boroughs. >> you call that a dumpster fire. >> i was here. >> that was disaster, even fox

was holding their heads. did you listen to paul simon last night? did you think he was good. >> i missed paul simon. >> why did you miss him? that was so bad. >> give me a hard time, paul simon is -- did you see the video that paul simon in america -- charles: charlie gasparino, anthony weiner reminiscing about last night. pretty interesting stories of dold trump. i wonder if trump watched that. we're watching markets. keep it right here. we'll be right back.

reporter: lori rothman live on floor of new york stock exchange with your fox business brief. fed coming out with decision on rates tomorrow. disappointing dow component member earnings out today. mcdonald's, verizon, 3m, more in a minute. look at some other companies reporting earnings this morning and how shares are reacting. caterpillar up 4%. this was a decent report. lowered full-year forecast amid sluggish demand in mining and associated industries. jetblue shares are down 18%. look at that, a nice pop today, back up 7% after reporting earnings rose 18% benefiting from low fuel costs. starwood hotels, swung to a loss in the quarter. problem with strong dollar. shares up marginally.

check out verizon before i say good-bye. shares are down here nearly seven weeks. fired 40,000 workers. back to you.

charles: charlie gasparino, an any weiner, still at it but we had to take a hard break, guys. meantime, there is this. >> we don't knee weaker rules on wall street. we need stronger rules, and when

big banks get too risky, break them up. hillary will fight to hold big banks accountable and we're with her! we believe. we must get big money out of politics and root out corruption. hillary will fight to overturn citizens united and return this government to the people! charles: not surprising, right? senator elizabeth warren attacking wall street last night at dnc. to "real clear politics" associated editor, a.b. stoddard. of course that is, elizabeth warren's standard attack, but so interesting, because they continue to point toward wall street and economy overall and keep promising more an more things. you wonder if anybody on that side is doing the math? >> you know, it is interesting, elizabeth warren has a very passionate constituency. she wants to keep behind her. you heard dissenters in the crowd we trusted you, we trusted you, while she was speaking. she is now behind hillary clinton and promising hillary

clinton will pursue the warren agenda. doubtful with likely republican congress, both house and senate in republican control hillary clinton can do much in the way of anything or she even intends to. much of big money going to other, sort of establishment republicans in the campaign are, is now going to instead of donald trump to hillary clinton. she was expected of her from the other side if she becomes president. when it comes to citizens united there. is a chance that she will try, if she had occasion as president, to put in two or three or four supreme court justices she would choose people that would overturn it. those are people we see with strong chance in terms of a hillary clinton administration. charles: for the most part, the question is about sincerity. when tim kaine was introduced over the weekend, he finished up his comments saying the most progressive platform adopted ever by the democratic party. last night we heard that echoed again and again and again. they're saying it over and over

we've adopted a lot of bernie sanders positions. even bernie sanders himself said we won a lot here but you're saying perhaps they won the platform, doesn't mean that is how president clinton would actually govern? >> right. like i said, if it's a race to in the margins and doesn't have a huge landslide where she sweeps democrats into the control house and senate, what is she stuck with? divided government where she can't do anything incrementally. she will put her heart and soul pursuing things that matter more to her, tax reform package she can boast as big accomplishment. i don't think she will put more financial regulations into race in republican house and senate. this is what you have to say to convention. they really need bernie supporters and warren supporters on november 8 to push her over the edge. she is worried obvious about the dissent in the party. they will promise a lot. look at picture in congress and makeup of our government. how much can she deliver for them? that is not much. charles: that would be true for

both sides you about you do have this movement, everyone including bernie sanders agrees bigger than him, larger than him. but what happens if hillary clinton is elected and divided house, whatever, she can't push through her agenda, does that movement die on? do they find new leaders? where does the movement go? >> oh, no, the clinton family was able to freeze the democratic party for years, so really had no bench and no one wanted to build a national platform and run against the clintons for fear of reprisal. listen it is over, once she is in the white house, if she wins this election, the party's moved very far left, she will be under pressure from those people throughout our presidency. i'm not saying it will affect what she does. she will be under pressure for sure. that movement has ascended in the party. i bet you see likely one term presidency out of hillary clinton anyway if she wins. you will see someone from far left of party emerge as next nominee. charles: a.b. stoddard, really, really appreciate it. >> thank you. charles: oil heading lower.

a lot of people are worried about a oil glut and little demand, next.

charles: oil trading at lowest level since april amid fears of a global oil glut. phil flynn at cme with the latest. what happened? all of sudden oil is free-falling? >> it is. i'll tell you, one of the turning points, charles was the "brexit" vote, which you know, prior to the "brexit" vote we were talking about a market that was getting in balance. global demand was rallying, production was falling. we had all of these outages in canada, libya, nigeria, then all of a sudden an event like that slightly slows the global economy, you go to talking about a market getting in balance to a market that is oversupplied.

that is really the mood right now. when we closed below $44 a barrel. that was the 100-day moving average. that purities further down side pressure. unless we see this market reverse pretty soon that doom and gloom will continue we could see lower prices maybe a test of $40. charles: 40, that is a huge drop where it was just moments ago. here is the fear, as proxy, that is because of a glut from the demand side. there was a moment when you saw oil going up, stocks going up. correlation starting to repeat itself to the downside. if there no demand for oil, that is not a good sign for the global economy. >> absolutely. i would say $44 was the line in the sand. once you got below that area. what you will see is retrenchment in energy industry investment. we've already seen a record pullback in energy investment, and now, of course, when we're below that area, we're concerned about global growth and that doesn't bode very well for the long-term outlook.

charles: we'll see what happens from here, phil. not been pretty. buddy, appreciate it. >> thank you. charles: michelle obama proving to be the star of night one. the question will bill clinton be the star tonight when he takes the stage? we'll tell you all about it when we come back, next. ♪ with this level of intelligence... ...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.

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>> only one person who i believe is truly qualified to be president of the united states and that is our friend hillary clinton. what i admire most about hillary is that she never buckles under pressure. she never takes the easy way out. don't let anyone ever tell you that this country isn't great. that somehow we need to make it great again. because this right now is the greatest country on earth. [cheers and applause] and that's why in this election, i'm with her. >> the first lady stealing the show last night, we're going

to hear from former president bill clinton who of course wants his spouse to be the next president. bill clinton addressing the dnc and fox business. we're all over it starting at 6:00 p.m. eastern all the way until midnight. trish regan's part of that, and she's going to take it from here. trish. trish: that's right. started at 9:00 but we've got a lot going on right now. thank you so much, charles, hillary clinton making history tonight as she becomes the first woman presidential nominee from a major party. this as her party descends into total chaos as bernie sanders supporters vow to take the fight right here behind me. will we see a floor result when they go through a roll call this afternoon? welcome, everyone, to a special edition of the intelligence report. live right here at the democratic convention in philadelphia outside of this arena right now bernie supporters are rallying in huge numbers. over there by the democratic party. they booed opening speeches, they chanted bette bernie over and over again repeatedly until the man himsel