don't forget live tonight fox business network special live coverage presidential debate 7:00 pomona eastern kick off in in-depth post debate analysis tomorrow morning right here same place same time joining us tomorrow morning on "mornings with maria" "varney & company" begins right now over to you. stuart: maria thank you very much after friday's sell-off stocks down banks leading market lower oil up the mall shooting in washington state five dead turkish immigrant erupted terror not ruled out. >> more on loss of man in my opinion democraticized golf we cover it all today is a debate, that dominates news 12 hours to the first question, and donald trump has momentum, quinnipiac with a new poll this morning dead heat, trump has closed the gap, and the support for third-party

candidate he dwindled trump gaining voters same with bloomberg "washington post" poll trump into debate with momentum for setup for the super bowl of politics, both sides jockeying for position, the talking points have been sent out they have been read clearly. the clinton campaign unanimously and repeatedly calling trump a liar. traps trying to goad thim say he makes things up they want the moderator on hillary's side to fact check you remember cnn candy crowley helping president obama. >> we do i remember very well much of the past week he was hillary was prepping, much of the week, trump stayed on campaign trail will rely more on tv talent than detailed briefing books. 90 minutes distributor lester holt will question on three areas america's direction

america's security, and achieving american prosperity there will be no commercial breaks. here is what i think hillary clinton will attack him directly try to get under skin i don't think he takes the bait i don't think you will hear words "crooked hilary" will will try to look presidential repeat frequently make america great again. 100 million people that is the estimated possible audience. "varney & company" is about to begin! ♪ ♪ stuart: breaking news breaking houston a shooting at a strip bhal do you have. >> very few details we know several people have been shot, and transported to local hospitals police are saying that the shooter the believed shooter has also been shot by police they do not believe there are any other suspects

at play here, so that is all we have strip mall southwest of houston in texas. stuart: keep us updated i am sure you will thanks very much top story debate kicks off 12 hours. at hofstra university the first presidential debate we are the podium the floor podia or podiums. >> podia, we will call it he podiums, to even things out trump a foot taller 9:00 eastern hill to first question talking points sent out both sides try to position their candidates listen to mook says moderator should fact-check because trump is a liar, roll the tape. >> you guys pushing that pretty hard this idea of a double standard saying it is up to the moderator to point out faults the debate commission has been pretty clear, that they see it job of moderator basically to get out of the way just ask questions. >> well, all that again all

that we're asking is that if donald trump lies, that it is pointed out it is unfair to ask for hillary both to play traffic cop with trump, making sure his lies are corrected, and also to present her vision for what she wants to do for american people. >> positioning? how many times have you used the word liar one sentence howard is here handles the media for fox and a welcome guest on program this morning, good morning to you howard how you doing. >> great at who have. >> do you think the moderator, lester holt will bend to the pressure that is being put object h on him. >> veteran newsman lester holt will not bow to pressure i predict the stuffing kicked out by both sides one this is over but anybody who is watched nba game knows about phrase working. we have donald trump telling me others that lester holt other moderators will be unfair all fear getting

whacked by peers in media was matt lauer did as you displayed hillary camp say lester's job to call out 87 trump lies will undoubtedly happen in debate at hofstra not exactly the moderator's job we can get into that. >> what is exactly the job tell me. >> ask tough questions follow-up questions mostly let two candidates go at it nobody in america is tuning in to see lester holt debate donald trump or hillary clinton. >> i don't want to go -- a side bar but what do you think of no moderator i know not going to happen this time what us do just have them go at it. >> you know, i think it is an intriguing idea you obviously kns somebody to keep the time and make sure that one candidate doesn't dominate against another on the other hand you know as a journalist card carrying journalist i like the idea of journalists asking questions neither may want to bring up may be difficult for both sides

delays theme -- the hillary campaign yesterday "new york times" "washington post" l.a. times, politico had pieces about how many applies exaggerations donald trump uttered why a lot of people who don't like trump want lester holt press other moderators to fact check him as if hillary clinton never uttered exaggeration. >> sar was km i saw it right there right there last one, i think that television, is now a paramount importance in american politics how you appear on that screen viewers get a personal look at you. it is almost as important as policy. >> probably more important, especially age clips go viral how seem plausible president one americans want in living room next four years how do you react when you get attacked, all of that probably is more of a takeaway long after people have forgotten who said what about education

or terrorism or health care. >> well said we will see a lot of you next 48, 72 hours, probably, thank you very much indeed we will see you again soon. >> now we have this. second gunman who is believed to have killed five people that washington state mall, been arrested police say they have not ruled out any he motives he was a turkish immigrant, in france two young pim suspected of planning attack detained by cops in southern city of nice in contact with french recruiter for isis. what is latest on this. >> that recruiter the firemench very aware of this individual say 17, 19-year-old two young women in contact with him. and he has been calling on young women in particular to attack specific french sites they are aware of him following two individuals, and they took him into custody before they could carry out seeing more isis, losses territory in iraq syria

constitution calling for terror attacks. >> donald trump hillary clinton we know debate tonight they are, by the way, in a statistical tie, this is from the latest bloomberg politics national poll. 43, 41, trump over clinton johnson 8 jill stein 4, now i want to i want you to handicap this who is under greatest pressure between two candidates. >> on basic standards hillary is because a higher expectation for her, you've got about 49% of people expect her to win, about 35% expect donald trump to do well so attacked him so much, there is such a low expectation for him, when he comes out just being basically himself, he will do much better than people expect. >> he has the advantage of being a tv professional, very, very good at that. >> also the advantage of multiple rallies learning how to speak about issues teleprompter doesn't have it

tonight i think a learning experience for him, he has seen how those issues are presented in that fashion, the way that he moderates voice and his approach, we have seen him in the multitude very hostile debates already on primary side learn how to handle aggressive hostile individuals, hillary has not in her entire career i think one debate with mr. lazio for new york senate but other than that it has been democrats who have been somewhat deferrential first time facing a republican aggressive wants to job she wants frankly pressure on her as well because of the trajectory with bloomberg numbers extraordinary. >> i don't think you will hear donald trump say "crooked hilary" tonight i don't think he will do that. >> no, no, no. he wants this yob has seen results of a different approach, he will be himself, he will also be presidential and i think he is going to do very well this evening. >> got it, stay there a lot

more for you a lower open for stocks this morning, remember friday down 130 i think on dow industrials down 09 this morning concern over deutsche bank, they've got real problems that is taken the european markets down there is also a dimming home for any oil production cut so the price of oil this morning, is still around 44, 45 dollars per barrel that is where we are, 45, 40 right now up 2%, back in stock market, let's bring in liz we hear profits going to drop again for biggest american companies. >> -- talking to economists also deutsche bank chief economist saying this is rare to see outside of recession this is a recessionary indicator when you see profits falling like this. 6 straight quarters not just the oil sector, by the way, oil sector drags it down 5 and 6/ -- >> dupont trouble ford having trouble the concern spilling

over to other sectors. >> could point to recession as we go into presidential election.. >> very important we have very, very sad, sad news for the world of sports josé he he fernandez star pitcher for marlins died over weekend a boating accident had 589 career strikeouts still on track to lead national league in strikeouts this year was just 24 years old -- fernandez i am sorry fernandez, does he have a fastball. >> did. >> a star. >> arnold palmer died sunday, 87 years old won seven majors including four green jackets, it be nationalize coming up next talking to a map who knew palmer well greg norman with us after this break.

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politician. . stuart: we want to bring more on breaking news from houston, a shooting at a strip mall update please ashe.

>> it is as many as seven possibly victims here all very as you can imagine by pictures all a bit -- you know, fluid right now police scan reported summon around 6:30 a.m. southwest of houston in strip mall was firing on vehicles with revolver we have been told this individual has been contained the situation is being contained, several people transported to local hospitals, the shooter himself has been shot as well. >> got it thank you now this, a truly zaed in sports, golf legend arnold palmer passed away sunday was 87. now he won seven majors 62 pga titles in his career he was he known by a lot of people as the king of golf. joining us now by phone, another legend that would be greg norman, greg we can spend all day telling viewers how growth he was at golf i think you knew him personally. i want you to tell us what

kind of a guy he was because i think he was a really champion. on the phone: he was a champion basically the type of guy had a man crush everybody had man crush on arnold palmer just one of those i have known him for 35 years, plus years, i knew him on the golf course, off the golf course in the locker room, he was social settings where you got to know the individual, and quites honestly, stuart two people that -- actually three two in sporting world impacted my life dramatically that would be muhammad ali arnold palmer magnetism charisma oozing out of skin man of the people for the people for the -- the game of golf. >> i said earlier in my opinion, it was arnold palmer demonstratetized golf it will he game long it was rich guy's thing country club elitist

sport, along comes arnold palmer man of the people he wins will consistently, he brings enormous amount of money to the game army of supporters, do you think i've got a point here he democratized golf. >> absolutely and commercialized the sport brat money to the game every player today, owe as debt of thank you to arnold palmer for what he has done these guys roy mcilroy won 11.5 million dollars yesterday could never have won 11 -- 11.5 million dollars if it wasn't for arnold palmer what he did bringing audience to game of golf through tv stream. >> you know, greg, i -- i a shall miss the man, you mean a golf fan, i don't play. i only watch on tv. i shall truly miss his presence how about you -- >> absolutely, everybody will miss his presence i think, quit honestly every young player today should go back

and watch all footage of arnold palmer, all footage where arnold walking down fairways no galleries then you walked down people would touch you feel you smell you talking to you wanting to be involved arnold embraced every single one of them today a lot of players are stoic i get it from security concerns that you will stuff you have security everywhere people roped off i get it quite honestly arnold brought people to him people to the game of golf, we should all or about all sit back a week of looking at old footage of arnold palmer how he brought people to the game of golf. >> well said greg norman thanks very much being with us on this day we appreciate it thanks greg. >> thanks stuart. >> back with more in a moment. this man creates software, used by this bank, to protect this customer, who lives here and flies to hong kong,

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switch to liberty mutual and you could save up to $509. call that's liberty stands with you™. liberty mutual insurance. . stuart: pfizer drug accomplish aing they are not going to split into two separate companies they say that would not create shareholder value so they stay as is, the stock will be down just a fraction, the opening bell more later, of course,, donald trump telling colleges and universities to lower tuition or you get no tax break, that for an idea. >> we are also going to bring down the cost of college universities get massive federal funds. and huge tax breaks for endowments but they don't

spend those funds or those endowments on students. i will work with congress to make sure these special federal benefits are not available unless universities begin to reduce tuition and student debt. it is too expensive. >> we will how about that for sharp contrast with hillary clinton wants to make college free up to those making up to 125,000 bucks a year how about that trump economic advisor is here stooefr i don't want to go off about colleges i want you to demography this headlined in "new york times," right down on the front page i will read to you with -- rising millions climb out of poverty, economic tipping point, more and better jobs coming onstream. >> well -- >> wish it were true when does "new york times" well i guess doing years and years put out that piece on their front page, but that happens not be true i wish it were true if you look at census bureau data

came out 10 yoos ago whten days ago a bump up in pay 2015 has not been nearly enough to make up for the losses, of last 7 or 8 years in fact the average family, today, the median income family is poorer today than fwooven this is no recovery the reason donald trump is surging in the polls. >> extraordinary times would put that right out there top story right down -- >> you know who they are for, about. stuart: of course. >> this is paper three or four weeks ago said we have to stop being objective about news donald trump is a tierant threat to america you know frankly yorks read "new york times" anymore i just heard about this five minutes ago your producer told me about it i don't bother to read "new york times" no longer the newspaper of record the facts defy what they say i attractively with donald trump we meet with working class people, and they are hurting out there they really are,

they don't they don't -- we've lost at a million and half jobs in manufacturing since -- since barack obama became president where are good jobs. >> real fast steve issue of the deficit and the debt, keeps on coming up the criticism of your plan pu helped donald trump write, is that for the first couple years the deficit will rise. you cut taksdz lixes like that government rvnt short run. >> i say growth first jobs first, if you do those more growth jobs higher pay people pay more taxes may not be right in the first year or two, but over 10 years you are going to see big instruction we figured just by more economic growth going to reduce that debt by 4 trillion dollars that is the answer to that, let's -- look the american people think jobs is job number one. >> you dealt with deficit you dealt with "new york times" what else you going to do for us. >> i want to get -- you back in a few minutes.

>> okay, great settlement on greg norman arnold palmer was my great mero. >> thanks so much snapchat new are a hard aware sunglasses cautioning them spectacles take pictures video post on your snapchat xt one producer says gopro killer not sure about that we will discuss it watch your money after this. i don't want to live with

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♪ ♪ stuart: all right. we're opening up for trading in about ten seconds' time. on friday we were down 131 points on the dow jones industrials, and we're going to be opening about 100 points lower as of right now. this is monday morning, 9:30 eastern time, and most of those stocks on the left-hand side, they are in the red. in fact, 27 down, 1 unchanged, 2 are up. and the dow in the first couple of seconds of business is down 71 point toes. we're back now below 18,2. that's a drop of .3% on the dow. check out the s&p 500, what's the drop there, .3%. the two indicators very much in line. how about the nasdaq? that had been hitting record territory, it's down more than the other two indicators, it's down a half percent, down .54%. price of oil is around $45,

that's up nearly 2%. one big loser today is a name that the banking industry knows well, deutsche bank. it's down 5% this morning. why is it down? because america's justice department wants a fine of $14 billion to settle mortgage problems from way back then, and angela merkel says she ain't bailing 'em out. down it goes. jpmorgan, citi, wells fargo, all of them down i this morning. that's in the context of an overall down market. yahoo!, they knew about the hack before they told everybodying, and verizon -- which is bidding for yahoo! -- was not told about the hack. more on that in a moment. yahoo! down 1.5% this morning. who's with us to start out on a monday the way you got to get going? ashley, liz, scott shellady, keith fitzgerald, steve moore,

all of them are with us. obvious question, and i'll ask everybody, what's going to happen to the market tomorrow morning after the debates tonight? i'm going to start with shellady. [laughter] >> you know what? i think it's way too early to tell, stuart. i think even if one candidate has a much better night than another candidate, we've got so much time, i don't think theto h because of a candidate's performance or bad performance. we're still suffering from a hawkish or dovish fed, so all the things combined, i don't think it makes a difference until we get way, way closer. stuart: i was expecting an impassioned answer from scott shellady can. that is really pathetic. [laughter] i'll move on to keith fitzgerald. [laughter] what's the market going to do tomorrow morning after the debate tonight? >> i don't think we're going to have to wait until tomorrow morning, stuart. i think if one candidate or the other really goes on the attack, traders are going to get nervous, and the global traders

are going to start the ball rolling. futures are a 24-hour market which means money is moving even if ours is not. stuart: so i'll get an indicator during the debate tonight? >> yes, you will. stuart: steve moore, what's the impact on the market tomorrow morning from whatever happens tonight? >> look, the market has been flat for the last six months or so. it's not much different today than it was six, nine months ago, and i think that's because the investors are in a kind of holding pattern to see what happens in november. look, i'm a little bias ld, i'll admit this, but i think that trump is much better for markets on taxes, on regulatory policy and so on, and i think if trump has a good night, i think that will be good for the markets, and you'll see a bump in prices tomorrow. stuart: i said i'd go round the block, and i'm going around the block. liz macdonald -- >> yes. stuart: she durant like this h i'm cong at you. market tomorrow morning, forecast. >> i don't think it has any

effect, but if trump wins, go for guns, germs and gold. >> germs? >> the dollar goes up. he's about -- and gold, you know, gold would go bonkers. and germs, meaning health care stocks. he wants to deregulate health care, and guns, he wants more defense spending. stuart: ashley? >> hey, liz, gun sales do better when the democrats are in office. >> you're absolutely right. i meant defense spending. thank you for that, steve moore. clarity, we like on this show. >> i do think energy. he's very pro-local energy, that could be good. >> yeah. >> if he has a strong debate, he's getting some momentum. stuart: okay. two more problems for wells fargo. actually, it's one problem, two former employees. they're suing after being fired in this debacle. what's the story? >> yeah. remember this thing about how, basically, wells fargo fired 5300 workers because they were doing too much cross-selling, getting customers to sign up for

more bank accounts unbeknownst to them. the workers are saying, two guys in california saying, hey, wait a second, we were pressured to meet impossible, unrealistic goals or lose our jobs. all on that path to eight is great, meaning eight accounts per household. and if we didn't meet our quota for the day, we had to work overtime without pay. our managers met four times a day demanding our progress reports toward that quota. so they're pushing back in the face of the top execs blaming the lower-level people. stuart: all right. we're down 112 points five minutes into the session, the low of the day, down 111 at this point at 18,149. i suspect that story about big name, big company profits being down for the sixth straight quarter, i think that's probably got more to do with the market today than any debate prep for tonight. watch out, amazon. that's the headline here. apple reportedly working on an echo competitor. you know, we had one in the studio -- >> yes. alexa.

stuart: you a, alexa, who's the president of the united states, it tells you. now, apparently this new thing from apple would hook up seamlessly with the iphone. apple this morning is down, amazon is down. yum brands, fast food guys, board of directors approves a separation of its china business, and they've increased the dividend. who cares? the stock is down .6, 63 cents. pfizer, as we reported, they're not going to break into two separate companies. nicole, give me the details as to why they're not going to do it. >> this is something they've been talking about, and now they're just saying one reason: it does not bring shareholder value at this time. be the stock's to the downside, down about 1.5%. but here's the thing, they're separating -- this was the idea here behind the split -- to have the low-growth generics in one group and have the patent-protected, newer brands of medicine of pfizer into the other.

they decided not to do that at the current time. however, they're keeping them separate for the future, and also they're going to continue, according to analysts, continue to look for some sort of merger and acquisition. of course, you'll remember they were not able to complete that $160 billion deal back in april. that failed. future split possible and another m&a possibility. stuart: thanks so much, nicole. look at yahoo!, please. they knew about the hack before they told everybody. verizon, which is bidding $4.8 billion to try to buy yahoo!, they were not told about it. very bad optics, if you ask me, keith. what do you say? >> i think verizon ought to run the other way as fast as they can, because if they didn't talk about this, it's a material impact on the business, what else did they not talk about? stuart: well, the question is, look, they lost information on a half billion account holders. a half billion. biggest hack that i can remember. and the stock has barely budged. still at $42 per share. >> still hanging in.

stuart: not taking it on the chin. am i to say, therefore, that a major hack does not affect the company anymore? >> well, it could be verizon moves forward and just asks for a reduction in the deal price. ash and i were going over it, when did yahoo! know about the hack and the size of the hack, that's what's at play, and when did they televise p. stuart: i want to get to that story about snapchat. they're trying to give gopro a run for their money. they've got sunglasses that hav. [laughter] how does this work? >> listen, it can go directly to your snapchat app. it does -- it records video. you tap the glass, it records ten seconds at a time, and every time you tap it, it will give you another ten seconds. it's from the wearer's point of view, 150-degree angle. little white lights suddenly light up when you're recording to let people know you are recording. of course, spectacles --

stuart: but, wait. supposedly i'm wearing a pair of these glasses, everything that i can see in front of me. >> yes. stuart: i tap it again, and it goat straight into any snapchat account? >> yes. through bluetooth or wi-fi, just like that. stuart: so you can give running commentary. >> you can. a lot of businesses said you can't be wearing those if you come in here. going to come out in the fall, expect a price right about $130. stuart: the writing is on the wall, this kind of thing is coming. >> as long as it doesn't create cataract ares with that white light. stuart: i've got a serious and unfortunate question to pose here. as we all know, there's been a spate of more shootings, in particular i'm referring to the one in washington state over the weekend and previous to that minnesota. does this make people stay at home and do online shopping? a most unfortunate question to have to ask, but i'm asking it.

keith, what do you say? >> well, i tell you, that shooting was only about 20 miles from my house, so we were under strict orders to stay indoors while the manhunt was on. yeah, there's definitely going to be that by-product. i think we're learning to live with terrorism, unfortunately, and i think this does benefit online retailers. stuart: what do you say, scott shellly? >> -- shellady. that's already going to happen, and you can blame it on the mall shootings, maybe that just speeds it up. at the end of the day, that that's the way things are going. i wouldn't be surprised if something like that helps to get there faster, but not because of it. stuart: yeah, i take your point. the founder of facebook's of course you plus secretly -- oculus secretly funded a pro-donald trump foundation. some developers have pulled their support from the virtual reality headset from be facebook. that guy -- >> yes. he's already apologized and said

i'm not even a trump supporter. i'm actually a libertarian who would pick gary johnson. but already people who supply games to this oculus rift vr set have pulled back saying it's not consistent with our views, so we don't want to be associated. >> i'm a liberal -- stuart: what'd you say there, scott? >> i think that's unbelievable. this guy's got freedom of his own speech and money. i can't believe that they would -- i'm sure it's happening on the other side, but we never hear about it or talk about it, that's what drives me crazy. stuart: i think this is a shame trump, shaming trump supporters which in my opinion means that some of the polls are inaccurate. >> exactly. you're exactly right. stuart: donald trump is underestimated because people don't want to come out and say i support the guy. >> brexit. same thing. >> yeah, exactly. good point. stuart: gotta go. steve, keith, scott, one and all, we do appreciate it. thanks very much. the dow is at the low of the

day, off 145 as we speak. next case. hillary clinton says people have a right to immigrate, come into the united states, a right. we're going to ask judge napolitano, is that the correct view? is immigration a right, or is it a privilege? i say it's a privilege. it will be a historic night. 1 to00 million -- 100 million people might be in the audience to watch that debate. tonight the debate could be the decider if you look at one poll. ♪ ♪ now that fedex has helped us simplify our e-commerce,

we could focus on bigger issues, like our passive aggressive environment. we're not passive aggressive. hey, hey, hey, there are no bad suggestions here... no matter how lame they are. well said, ann. i've always admired how you just say what's in your head, without thinking. very brave. good point ted. you're living proof that looks aren't everything. thank you. welcome. so, fedex helped simplify our e-commce business and this is not a passive aggressive environment. i just wanted to say, you guys are doing a great job. what's that supposed to mean? fedex. helping small business simplify e-commerce.

the founder of facebook's oculus stuart: low of the day, that's where we are right now, down 153, barely holding 18,1. that's where the state of play after 15 minutes of business. now this.

hillary clinton slamming donald trump on immigration. here's her tweet. this is what she said. she's actually quoting trump. no one has the right to immigrate to this country. that's donald trump during his rally in florida today. then hillary says, we disagree. it appears some people disagree with hillary. senator jeff sessions says hillary clinton's campaign revealed the true exte of her radical views on immigration which, apparently, are that anyone has the right to demand entry into the u.s. judge napolitano is here. it did seem like, from hillary's tweet there, that she is saying you've all got the right to immigrate to the united states. >> welshing you know, just using the words question disagree, she sort of left open exactly what she means. she must mean you have the right to seek to immigrate to the united states. i don't know. the constitution -- i know you're going to ask this, because we talked about it during the break -- is actually closer to her side than trump's. the constitution gives the

congress the power to regulate naturalization but not immigration. that is, to regulate who becomes a citizen but not who comes here. the congress gave itself the power to regulate who comes here with the chinese exclusion act. imagine calling a piece of legislation with that name, but that was a different era. we're talking about during the industrial revolution, say post-civil war and pre-world war i was when the first immigration law was written. so i don't know exactly what she means. stuart: it doesn't sound, the way you put it, it doesn't sound like she's saying you've all got the right to come. >> that means she's in favor of open borders. stuart: but donald trump's saying some people don't have the right. >> there is an argument of the right to travel is a natural right, and you have the right to go wherever you want. i don't think she's making that argument. stuart: where is it in the constitution which says, does it say anywhere that we may not

exclude certain groups of people from this country? >> now you're taking the woodrow wilson view of the constitution -- stuart: no, i'm not. >> that the government can do whatever it wants except that which is prohibited. so which is it? madison says whatever is authorized. [laughter] might be a little bit into the weeds. it is that rare area of federal power. not articulated in the constitution where the congress has abrogated to itself the power to say who can come into the country. but in fairness to donald trump, no one in the federal scene has seriously argued for unfettered entry into the cup. i'd be shocked if that's what she's arguing, because that's not a popular view. stuart: i don't know what "the wall strt journal" says about this -- >> "the wall street journal" makes an economic argument and a natural rights argument that you have the right to travel. the right to travel's not articulated in the constitution, but it is in a unanimous supreme

court opinion. stuart: all right, you got me. i'll give you that one. 15-love. you'll be back at 11 for game, set and match to me. >> and to lose that one. [laughter] stuart: whoa, let me show you the depth of this downside movement. 29 of the dow 30 stocks are in the red, they are down -- >> except for apple. stuart: apple's the one unchanged. >> there you go. [laughter] stuart: we're less than 12 hours away now from the first presidential debate. polls have tightened. it looks like a dead heat in the old toes at this stage. in the polls at this stage. the stakes, therefore, could not be higher, could they? what powers the digital world? communication.

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other is the that the protests are turning people off. they don't agree or they don't think the politics has anything to do with their nfl. they're sick of it, and they just want to get on with it. stuart: they don't want to watch if somebody is being disloyal. >> disrespecting the flag. stuart: wow. all right, the debate is tonight. by the way, a third of voters -- 34%, this is from a "wall street journal" poll -- they say that the debates will matter when they make the decision on who they vote for in november. steve moore's with us. steve, i wanted to bring you back here because we were talking about trump shaming. you know, this guy says publicly that he's supporting trump, so everybody's against him, and his people are resigning and all that kind of thing. i think that maybe in these polls is it possible that trump vote is actually being suppressed by two, three points maybe? what do you think? >> yeah, i agree with that. and, you know, people -- it's not politically correct to be

for donald trump. and there's some evidence to support your hypothesis there, stuart, which is look at the primaries. i followed those very closely, you know? the 30 or 40 states that had primaries, in almost all cases donald trump did better at the polls when people actually went and pulled the lever than he did in the polls, you know, sampling people. so i think this is a real effect where people just don't want to tell pollsters they're for trump even though they're kind of leaning his way. and, of course, the other factor here that the polls don't pick up, and we talked about this last week, the enthusiasm gap. stuart: yep. >> people are enthusiastic about voting for trump. i know a lot of hillary clinton voters, as you do, but how many of them are enthusiastic to vote for her? not many. stuart: i'm looking across the sphere of media this morning, and they are uniformly, they are united in calling trump a liar. it's a very strong word, and they are using it constantly -- >> liar about what? yeah, i mean, about what?

how dare they call donald trump a liar when he's running against, you know, one of the, you know, someone who would never pass a lie detector test. i mean, my goodness, i think trump should ask hillary tonight if she'd take a lie detector test about the e-mail scandal, benghazi, all this stuff. she has a history of being dishonest. stuart: if that pops up tonight, steve, you'll know donald trump watches this show and listens to you strongly. [laughter] >> by the way, ashley is exactly right about the nfl. i couldn't agree with you more. i'm not watching out of protest because i'm sick of these pampered athletes making $10 million a year dissing the usa. stuart: all right. we hear you, steve moore. i think donald trump does too. we'll see you later. how about this one? an arizona high school boys' soccer team forfeited a match because they didt want to play agait a team with two girls on the other team. >> yeah, this is out of mesa, arizona.

the size of the schools are small, so they let girls play. but the coach said, you know, it's our religious perspective, god created guys and girls differently. the difference is strength men have over women. they gave up the game, they forfeited. stuart: i'm not with that. >> couldn't disagree more. stuart: the big board shows a drop of about 140 points as we speak. there's this one too, the clinton campaign says that hillary will be held to a different standard compared to donald trump. they say the debate will not be fair be, it'll be too soft on donald trump. we will deal with that in the second hour of "varney & company" which is about to begin.

tonight for 90 minute two candidates will stare into tv cameras and perform. that's what it is. a tv performance. in politics these days, how you handle television is very important.

you'll be looking at two people of whom on your screens every day for at least four years. how they come across tonight in a very personal way will sway a lot of a votes. does the candidate sound presidential? sound like they have authority? do they pin spire confidence? how about facial expressions? look, it may seem foolish to choose a president based on look of their face, but this is television. you see a sneer or a smile or a raised eyebrow or a sweating forehead and it can make a difference to your perception of their had future performance. and after 0 minutes on your screen you will know who you like and who you don't. this is not kennedy nixon debate of their hushingy jerky black and white images but big screen four color hd tv with maybe 100 million people watching. now we're surrounded by screens. we stare into them constany. tonight, we will see the future president on the biggest screen to date.

the debate screen. with all that shows trump has tv advantage in this dane age that has a very important advantage. the second hour of "varney & company" is about to begin. ♪ >> i've got breaking news for you the latest read on new home sales. >> a bad read, down 7.6% to 609,000 this is the awtion read versus july. remember july was hitting highs not seen since 2007. pretty strong numbers coming in and as ashley reported last week about existing it looks like housing market a bit of a rough patch. >> soft housing market as we speak existing home sale of u new homes -- down 7% in -- existing homes. >> nearly 8%. the market is staying at its low of the day. so it's not doing much for the

market certainly not -- down 140 -- >> financials today hammered with the deutsche bank and if they get hit with a penalty that gets them hit -- >> 14 billion. they want single digit if it goes to $4 billion they're still in trouble. stuart: how about the price of oil we follow that closely along with stocks. oil is up. there's an anomaly up in price of oil. we're down on the stock market. as we said deutsche bank big headache there. it is weighing on all of the financial stocks. deutsche bank angela merkel says not going to help them. bad news for the company. s&p hearing that profits are going to drop again for the big name companies. that will make it six quarters in a row year of that in a row

of declining profits for these big name s&p companies down it goes. weir going to update you on this breaking news from houston a shooting at the central mall. update please. reporter: the suspect in this case is dead. he was shot and killed at the scene as many as six victims shot. no real details on their condition. but at least three have now been transported to the local police office. to the local hospital. gunman opening fire with a revolver from a strip mall southwest of houston. fire at cars that were going by. that was report that came into police. they got there, got into a gun balings. no identity -- >> no identity yet at this point. now, the l polls well they're just too close to call the as we head into stont's debate. look at quinnipiac this is just out this morning. hillary 44, donald trump 43. that means bethat trump has caught up a lot because headline rei much more in the lead in august.

look at blurring's, that has trump up 43 to 41. again, a reversal position for donald trump. he's coming on strong. but hillary's team is already trying to spin this -- listen to tim kaine vice presidential candidate. roll tape. donald trump is an entertainer. you know he has a reality show and tells people they're fired with a big grin. i'm sure he's going to be entertaining. but he can't get away with like doing the 15 second thing and then and then and then you know walking away not taking questions which is what he likes to do. no it is 90 minutes mono -- >> has he been watching campaign trail? donald trump walks with away without answering any questions? what? are you kidding sorry i didn't mean my commentary there but i did. sarah huckabee sanders is with us now. i don't get where the vice president -- candidate is coming from there. donald trump always answers

question with when is he gets an opportunity. he loves it. >> i'm kind of flabbergasted the only person in this race that i've seen hide from question, hide from american public is hillary clinton. i think maybe tim tim kaine got the candidates mixed up and he was talking about hillary clinton i think that's the person that we typically see hiding from questions and she's going to be forced to answer some of those tonight. >> now you're on inside of the trump campaign. you know characters involved, and i say that donald trump tonight will not use the expression crooked hillary. i don't think you go on the insult trail. what say you? reporter: look, donald trump is is always been his own person. i'm -- i never say never but i don't think that that's a direction he's headed in tonight. i think that real thing that you're going to see tonight is the contrast between awe then ties authenticity and robot hillary clinton. i think you'll really get to see that on the big stage tonight.

that's where donald trump has done so well looking for someone to shake things up and hillary clinton is the ultimate status quo and that's why i think it is going to be a good night. >> fast sarah conflicting reports about how much debate prep donald trump is doing. can you fill us in? what debate prep is he doing? >> look, he spent time meeting with several senior advisors, studying materials. but donald trump isn't going to be somebody who is a scripted robotic individual on the debate stage. he want it is to go out to be authentic and he's going to be very clear in his convictions and i think you're going to see that contrast in a big way tonight. >> would you stay there for a second i'll come back to you in a moment i want to bring in reagan economist. art laugher, and i've got same question to you, art as i've asked other guest on program financial people earlier today. how will the markets react first thing tomorrow morning? and not asking for your prediction as to who wins the debate. but what do you think is going

to happen on the market tomorrow? >> i have no idea. but i do know if trump win election it will be up compared to her winning election. she has advantage on economics. 15% corporate tax that is a killer that you get the 35% personal income tax repealing obama care those are are policies we need to get great comim growth and storkt appreciation. >> it is down future as they're called. i can be able to look at that and how they're moving as debate place out for 90 minutes i have a feeling you know wherever i see a zinger come from either side, i think that dow futures will react. and i suspect i'm with you on this. i suspect that i think dow piewches go up. what do you think? >> i think it's exactly what happened with obama in 2008. the better obama did the faster

the the futures fell, and i think it's exact same now only with trump. the better trump does the better futures will be and more clear election will be. but mind you it's the same situation as in 1980. you know, when you you look at this, the key question is four years from now if hill had rei is elected how will that be and trump elected how will i be and i think that answer is pretty obvious. trump will do a lot better job with the economy than will hillary clinton, and it's hers to lose tonight because she really can't change her course in the middle of this stream on economics. she should be going for lower taxes, spending restraighten like her husband did. but she's not. she's going with bernie sanders when it won't work. >> there's an a old debate clip that i want to play for you from way back -- this is the reagan debate. roll that. >> and i want you to know that also i will not make age an issue of this campaign.

i am not going to exploit for political purposes my opponents youth and inexperience. [laughter] stuart: i honestly think that line won the election in a landslide for ronald reagan did you write that line? >> no, i didn't. but he used that line in several different forms. one time he said he remembered having a slight conversation with thomas jefferson about meaning -- [laughter] he was just brilliant and wonderful. and you know, he was terrific in that way and if there's one ronald reagan and i've got to tell you i'm so blessed to have been been with him and worked wd with him in those days. private as well with stuart with private and public he was always the gentleman, always witty and never lost his cool. >> sarah sad rs you're too young to remember that line. but i'm sure you've studied it. have you fed donald trump any lines of your own that might hatch that line from 1984?

>> i don't think anybody can match ronald reagan's line or his wit but i do think donald trump is certainly capable of doing some big things tonight. ting he can do that all by himself without help from me. stuart: all right. sarah sanders and art laugher thank you both of you for being with us on the very important day. we'll see how prediction turn out tomorrow morning. that's a fact. all right. it's nots just samsung's phones that are causing problems. a samsung tablet that started smoking caused a transatlantic flight to be diverted. tell me. >> it is separate from note 7 so far still trying to nail that down. it was a saturday night flight from delta from detroit to alps it dam. amsterdam and they diverted to manchester for two hours. so people had to wait for two hours as they removed the entire seat out of the plane and replaced it. so it turns out it was a samsung tablet that was caught between --

in the ridges of the seat. stuart: that's more i would say good news for apple. liz: couldn't be better for apple and worse for samsung. stuart: in a down market up 130 points. apple is one of the -- one of the only dow stocks which is actually either unchanged or slielgtly higher. yeah look at this. that's the only dow stock i think at this moment which is actually up and that's apple. liz: that's right. stuart: that story has something to do with it. first presidential debate yes it is opportunities. major discussion is securing america. what do foreign leaders think about the possibility of a trump presidency? [laughter] kind of nervous? i wonder. hate say it end of an era golf legend gone arnold palmer dead at the age of 87. we'll be bac

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>> all right, breaking news from

paris, it is a shooting near a supermarket, ashley. >> one of those days isn't it. involves an elderly man to west of central ferris shot two people inside the store, fled the scene now held new an apartment known to police to be violent. no terror -- >> no terror suspected in this. stuart: but a shock to the system when your whole country has been racked by this. >> on edge. stuart: something like this is a real shock. >> you later will update that shooting in texas, okay. check the big board. we were down 150. now we're down 102. couple of stocks in the news. pfizer not going to split into two companies they said add to share valley. deutsche bank they have a problem with american authorities, and german government says they're not going to help them. down goes deutsche bank taking other big banks down as well. first presidential debate how many times have you heard this? it's tonight sports fans.

one of the major had teams securing america. and joinings now is mr. ambassador john bull ton american institute scholar for the second time mr. ambassador how are you? >> good to be here. stuart: i get the feels this is a little bit like 1980 ronald reagan was on the hordes i think that iranian and russians were scared to death of the guy. is it a bit like that now with maybe the chinese an iranian scared to death of donald trump? >> i think across the board, i think our adversaries are worried about somebody who said he's going to rebuild military and laid out budget proposals to do just that ho has taken a very is vigorous position on eliminating isis and series of other things so ting that america adversary by and large would feel much more comfortable with hillary clinton. an i would add vladimir putin ton that list. i know that's conventional wisdom is that he backs trump god knows why other than they've said nice things about each other. if i were vladimir putin i know her from four years as secretary

of state that she's weak, indecisive rather have her as president for four years. stuart: in 1980 iranians caved. they've been holding out diplomats for 400 odd days on the day that ronald reagan was inaugurated they sent them home. >> well you wouldn't get a similar cave from the iranians this time around. >> no but carter negotiate force actually said to iranian you better deal request us and get it resolved before he takes office so i think that notion of a strong american president with strong american leadership aired around the world has some nervous who should be nervous. look there's always uncertainty. foreign leaders prefer that known to unknown. they'll get used to it once he's sworn in. stuart: i want to address our viewers directly because who you mrs. ambassador came and sat on this set we were talking about what we were going to discuss morning and first thing out of john bolton mouth mod ray tore. i have something to say about moderator used to you talking about foreign policy.

going to deal with moderators in the debate tonight. >> i think the discussion that people have been having should the moderators fact check the candidates or not really misses the point. i think here's a case where trump has the right idea. i think there should be no moderators. i think you have a kind of a chess -- board time clock. to divide the time. ting that real interest here, the viewers is, so not what moderator says an what candidates say. here's a question for you stuart as a newly sworn many american citizen -- [laughter] our most famous debate for lincoln douglas debate who was mod ray force in those debates? stuart: there were no mod ray force. but they have a time keeper. >> under god's keeper no moderator. is that what happened? stuart: , and most important debate we've ever seen in this country. voters got a lance to look at them. stuart: strict time keepers who said mr. lincoln you have x number of time i think it was 90 minute -- 60 for first 90 minutes and then rebuttal for 30 minutes they rotated among different cities

in jill illinois they went through and same here cut the person microphone off at five minutes whatever had debate time is you don't need a moderator saying anything let them talk to each other and question each other and see what happens. stuart: am i right in saying that lincoln douglas debate not for the presidency but for senate in illinois. >> douglas won but lincoln gained a position against slavery. stuart: we keep saying politics is nasty and vicious look at donald trump and insults they laid out serious insults couple of hundred years ago didn't they? >> when glover cleveland ran for president thought he fathered illegitimate child and opponents had a picture of a woman with a baby carriage outside the white house. and a little boy next to it and caption was, mama where's my pa, andens was gone to the white house. ha-ha-ha -- that's pretty tough. that's pretty tough. 1890s. stuart: was it true? >> i don't know. [laughter] stuart: well you've got me

thinking about moderators well done mr. ambassador. thank you. and a show down between dold clinton campaign says that foreigners have a right. well they implied this. they implied that foreigners have is a right to integrate to the united states. byron new york is coming up on e show and first presidential debate hours away. we saw a combative trump at the republican primary debate. is that the trump we'll see tonight. watch this. >> you're the lying guy up here. you're the one. given my answer lying ted. learn about it little marco i will. >> you appear -- donald. don't worry it be. don't worry about it little mark -- you didn't read your car insurance policy.

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>> well, here it comes polls brand new polls first off from cnn, by the way, they showed deadlock in two key states. i'm going stoort with pennsylvania, cnn, clinton 45. trump 44. third party candidate gary johnson 6, jill stein 3, now, colorado 42% trumple. 41% clinton. 13% for gary johnson. remember he wantses to legalize weed. they have leetized weed in colorado. 3% for jill stein. and i'm hearing that in both states, the economy was by far in a way the top voter concern should be good for trump. >> i would think. a concern with hillary tied to obama administration. stuart: trump offers growth but hillary offers what she considers to be fairness. so, i mean, there's a contrast between the two. huge grow the economy trump for

me and share it out and spread it around it's hillary clinton. remembering golf legend arnold palmer this morning he passed away at the age of 87 yesterday. now, i spoke to fellow golfer greg norman about him earlier. watch this. >> he was a type of guy that had a man crush, everybody had a man crush on arnold palmer one of the guys known him prl 35 years, plus years, and i knew him on the golf course and off the golf course and knew him in a locker room. knew him in such social settings, and way you kind of kn thendivual. and ite nest, strt, there's two people that have actually three that two in the sporting world that have twain impacted my life dramatically. that would be muhammad ali and arnold palmer. >> donald trump tweeted this in response to palmer's passing really sad news. the great arnold palmer king has died. there was no one like him. a true champion he will be truly missed donald trump.

and john boehner came into it too a model of integrity, passion an and our hearts. rival and friend jack nick close he has a response -- ashley: great it was the big three. gary and arnold jack nicholas having this to say i wish i had another chance to talk to him but so glad we talked a couple of weeks ago on his birt place september the 10*9 when he sounded great. so barbara and i in shock and incredibly sad ndz. hearts, thoughts, prayer, sympathies go out to his wife, great grand kids one of my best friends and for a long. i will miss him greatly. he put golf -- liz: he was the common man and basically made golf tv when it was black and white he burst through that screen, and basically practically is

responsibility for golf on television he took it to masses and former house speaker john boehner said he made it feel like we can play golf and try. >> people bought color tv sets to see him. stuart: big board we're looking at a 120 point loss for the dow jones industrial average this monday morning. remember it was down 130 on friday. down 120 now. we'll be back. the pursuit of healthier.

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stuart: you are you're looking life again at hofstra university. they will carry you all the way through it. hillary on the issue of immigration she has hinted a direct hint that everyone has the right to immigrate to the

united states she was setting herself up in direct contrast to donald trump. what do you make about this. she's hinting that everybody has the right to come here what's that. it is a huge issue. remember a week ago today it seems like a million years ago after the terrorist attacks in new york and new jersey donald trump gave a speech and he said no one has a right to immigration and the nine states. the u.s. government decides who it will admit and it will not admit. is the core function of government. what happened after that the hillary clinton no one has a right to immigrate to the united states with a two word comment. almost immediately after that hillary clinton and the main headquarters read tweeted that.

when you say no one in the world has an absolute right to immigrate to the mid- states they don't agree with that. stuart: i think the issue is gonna come up to me i think that is a tough one for hillary clinton at this point what you say? >> this is a fundamental principle. the idea that a government can choose who to admit and obviously the united states and many immigrants legally every year. i think the idea that someone a foreign national living at something you could pursue in court. not a very popular issue and i don't know if trump brings it up it would be interesting to see what he has to say about it. the collective opinion in the studio today donald trump well

not embark on a series of insults of course i don't expect him to use the word cricket hillary. i think you will be more presidential not like he was in the primaries. what you think. i think his demeanor is extremely important. we've heard a lot of talk about this. there's two different donald trump's, one in public in one in private. he needs to be more like tha private and authoritative donald trump. george w but had lied about wes and -- weapons of mass destruction. he seemed almost out of control that night. really overheated don't do that. he shouldn't do that tonight. he should be much more calm. because people have to decide do you want this person on your screens every day for the next four years and some might say i don't want that if he

gets too extreme byron, i know you will be watching it closely. you will comment numeral comment for us tomorrow morning as well. hillary's team really spinning the approach of the debate. the campaign chair told nbc's meet the press she is a challenge because donald trump says things that are not true. clinton's campaign chair and manager went much further than that. all we are asking is that if donald trump lies they get pointed out. make sure that his lies are corrected. shauna spicer is with us. i have never seen the media so united in getting behind the talking point that trump is a liar i haven't read it all weekend long. i've seen on television all weekend long. i've never seen anything like this. >> is unbelievable. the level to which the media

is trying to make sure that they are on the clinton talking point is pretty spectacular. the level of whining from the campaign is historic. the idea that you have this woman who has done 34 political debates plus it's frankly all they do is debate. they're trying to play the west. we are concerned with how they're going to cover this. they already had the media on their side. it sounds to me that they're very concerned that hillary clinton's message is not resonating resonated with the american people. both nationally up to him and some of the staples there. they are on defense. i want you to comment on that. we did just get the polls. it looks like we 45 and 44 in pennsylvania. we had donald trump up very

slightly. but in both cases in both states it looks to us and i'm i'm looking for the numbers here. mike trump has momentum in those two key states you're seen it from the inside in my right? >> is not just those two states. iowa has a huge surge. all of these states. and the key thing as the momentum in the search is on the side of donald trump. when you really go beneath those numbers she is not keeping up with where the obama folks were. one of the things that's really interesting when you look at the early vote in iowa they are down 50,000 from where they were four years ago. that is a big problem if you are in the clinton campaign. the ground game is not where it should be. >> hold on a second. a whole series being very

combative the primaries at least. watch this and then comment please. >> i have given my answer. don't worry about it. you are tough guy. i think you heard that i'm sure you've heard it before our you can tell us absolutely donald trump well not do anything like that tonight? >> for as much critique as he's gotten he bested 16 other people being himself and being an agent of change. i think the reason he is doing so well and that he has done so well is because he's not a typical politician.

he speaks from the gut. he is not politically correct. i think people had have it. >> do you think he would win tonight if he launches into cricket hillary were tired hillary or some of the nasty names do you think he will win with that. >> and i think it's winning with that. it's not just about one phrase or one exchange i think he has to present a sharp contrast with hillary clinton and talk about how he will offer solutions. as i can make a debate. but i think you have to go out and talk about the policies that he's been out the last few weeks. and the change that he will bring to washington. we are down to the final 45 days. all the supporters get so fired up.

it's like our own little surge you just try to keep up with the candidate themselves tap the time. they have to stay step with him. the man who is not going to sleep for at least 48 hours we will see you tomorrow. that's for sure. it's coming out with sunglasses they boast that they can grab 41% of the 18 to 304% group. they can report that one charge all day long. how does it compete against

this. they are saying it's for the boring stuff. surfing. skydiving but the price point is very attractive. it is a completely different marketeer. back to you. good report. we appreciate that. we are not down as much as we were an hour ago. up 105 as we speak. question, how do the markets react. to tonight's debate. how do they react. multiple red flags missed isis reference says that. they warned the fbi.

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with pay arising millions climb out of poverty. economic tipping point. more and better jobs. it happens to not be true.

but if you look at the census bureau data that just came out what it shows is that there is a bump up in pay in 2015 but it hasn't been nearly enough to make up for the losses on the last seven or eight years. the average family today the median income family is poor today than they were in 2007.

>> we know that they were missed several warning signals. i ask them about it here's what he have to say. >> the fbi doesn't have enough manpower. you have to realize with 14,000 agent in the country we had 800,000 law enforcement state and local law enforcement officers. very few fbi agents in comparison. the author of the book undercover jihad g hottie. he is a former extremist who amount provides who now invites expertise to the u.s. government.

welcome to the program. we just heard that. on 911 in new york city he said the authorities don't just had the manpower. they don't have enough people to actually survey the population. this is what you do you are an informer you go inside the muslim community to have a surveillance test is that correct? >> there are many different ways in which evidence is obtained by the community like the speaker said. there's 15,000 fbi agents in a country of over 300 million people. they physically don't have the capabilities to monitor everybody. and the greater question who is it that we monitor. do we put just anybody on the list in the case of tommy he has the father called the fbi but it was a false claim basically. he have fought with his brother and his dad called the

fbi and said my son is a terrace. >> we can't afford to miss the signals much longer. this is a frequent occurrence. the problem is if we put everybody that has a family dispute on the terror list is even more people that we have to monitor. but the fbi knew that they have come back. they didn't interview the guy. >> there was a secondary interview in pakistan i believe but the guy have family there. by all accounts it seems a legitimate visit in some hindsight we can say anyone that has family in pakistan that goes to visit these known hot spots you could identify that as a priority surveillance policy but that something that the fbi would have to implement. thank you very much for

joining us. it's been a very active news day today. they are still down over 100 points. the hundred 12 as we speak. i want you to tell us what can a person he was. what was your impression. >> he was a great friend. he was a great friend to the game of golf. he liked to do things the right way he was the one who popularized the game of golf for math and standpoint on television and have his army he loved people he loved being there to leave them.

he was a great competitor. they really put golf in front of a huge population. that rivalry on television made golf is my opinion. it was fantastic. i think we spent more time trying to be each other. that was all right. we shot 74 and he said i got yet today. it didn't make any difference to the two of us. he was the man that put the money into golf is that right? >> i think he was the one that kick started it and sort of propelled it by himself. he did a great job.

he was just a great guy. i talked to him two weeks ago and he was still encouraged about his golf game. that all the sudden he have this thing in the hospital he just didn't make it. >> a wonderful man who contributed mightily to the great sport of golf. he is a guy and he was the king of the game and always will be. we all of him a lot in the game of golf i think a lot of people could learn an awful lot from him. it's a pleasure sir. i think you so much for being on the show today. nice to talk to you again. he died at the age of 87 he have won seven majors 64 pga titles and as i said he essentially put the money into golf.

as a young lad in england i remember hearing about him and got million-dollar contract with pennzoil. sigh came to america. we will be back in just a moment .

>> $1.2 trillion that the government made. and then go out taxing people. that's what. yes they do. they will not pay it. we do not text while this country we tax income. it's probably friendly debate. plus reaction from a top tax

crusader. it's all coming up in our next hour. were talking about what else is coming up. the insider. they are already calling the debate unfair. he is making the case of the federal court tomorrow. you will hear the much watched high-stakes debate at hofstra.

>> they could hit 100 million

could not be higher. not only is the presidency at stake but also the future of the country that's and not an exaggeration the column is in bad street. seventy some to turn it around. america is no longer respected. who is can a turn that around. the world is going to an unprecedented wave of terror. congress is terrorized. it's our decision. this is a raw politics. it's not so much of what you say is how you say. it may have to abandon his insults. tone would be important. hillary may not want to pizza that. she gave to union members last week. you will get a very personal look at the next president could we trust.

in the direction of our country. the most political part of the decade. >> not at all. i want you to know that also i will not make age an issue of this campaign i'm not going to explain for political purposes my opponent's youth and inexperience. >> at that point it was all over. that was ronald reagan 32 years ago. i think it clinches land slide victory. nearly a hundred they estimate that maybe close on hundred million dollars -- hundred million people will tune in tonight. he is a former clinton pollster. what we seem in advance of

this. they are all stressing one word. they are labeling donald trump a liar from beginning to end. have you ever seen this to be so nasty about it. on his part. the real issue is not whether he lies or not because there have been a number of statements that have been proven not to be true that if that was the criteria on which people were voting he would've been out of the race. the issue is really is he qualified is he up to the job. and does he have the right vision for america. hillary has yet to articulate a clear vision trump has one and i think undermining his credibility as a leader is far more important than these other attacks. what about the attempted to go

after the moderators. i don't think it's can make a big deal. i'm glad there's not fact checking. i haven't thought much of their campaign. if you look at the bloomberg poll the voters don't think much of it either. do you think she has the most to lose tonight i think she is better equipped to handle the substance has a challenge of improving he is presidential. she will attempt to goad him. i think that's right. i did discount that. the many things are important in this world. what he has to say it means nothing. we been saying all morning that essentially trump well not use the word crooked

hillary he will not attack in that personal way he should basically say the policies of secretary clinton had failed we need a new direction change in a different approach to policy. you are on television. hundred million people she's not that good on tv. are you handicapping it and saying that trump winds? >> i think they have different challenges and goals and it's an easier lift for donald trump but he has never been on stage for 90 minutes one-on-one no breaks it will be really interesting to me to see how the first 30 to 40 minutes go. i like your analysis. thank you for being with us this morning.

were 94 minutes into the trading session. were down 127 points. we were down 131 on friday. about that number as of right now. 181 is now where the dow industrial resides right now. that is a very solid game for oil this morning. up three & nonetheless the ratio is broken down. stocks down. it's not over yet. look at yahoo. the company knew about that huge half-billion account hack. no impact on the stock. it's still a 42-dollar per share. we will try to work that went out for you. they keep going up. only three bucks though. it seems like they hit a new high almost every day last week. apple, they announced that

building a new smart device for connected homes there trying to compete with amazon's echo it's one of the very few stocks which is up today. we have new home sales out today not good liz. >> they were down 8% month-to-month. and so it is hitting a two year low. you're seeing them for the month of august. i came down to 5% to about $284,000. that is news. next guest, he's a billionaire he's an investor and he is a trumpet supporter. it's kind of unusual. he has been investing in oil and gas assets tractor and machinery manufacturers. his name is wilbur ross and he will explain why he's putting his money into all of those

areas. >> i think so and i hope so because otherwise i'm stuck. on the basis that you believe trump winds oil and gas for example. i think oil and gas could be good even without trump but it would be much better with trump. because right now the big problems with the whole energy field is overregulation indeed that's one of the big problems with the whole economy. it's gotten so ridiculous that in parts of new mexico to get a porta potty put on a well site you need a permit. and it takes more than three weeks to get that permit. that's a heck of a way to run a business. did i see this shipping company. mostly again with the oil and natural gas team crude tankers protect tankers lpg carriers

those kind of vessels. we take it that those stocks are depressed at the moment. they're trading at about half of the net value. given your outlook that donald trump wins. we had oil and gas companies we have the tanker companies what else are you into. america in general would be good because it isn't just trade at that that trump is can affix is the corporate tax reducing the corporate tax rate from 35% to 15 means the given amount of pretax earnings will throw off 30% more after-tax. that is a far bigger increase in net after-tax earnings than most companies get and in several years. stuart: your position generally is that it's better for the u.s. economy than the hillary clinton president.

they will do nothing about the trade deficit. 500 billion dollars trade deficit is what is the problem that is facing this country. we would be about 3% larger economy if we have no trade deficit. and a lot of it has to do as of yesterday are there any other billionaires that are for trump. i have not been researching everybody's portfolio. because i haven't met anyone else who is big on trump. thank you very much for coming on board. i might be banned if trump loses.

thank you for joining us we appreciate it. look at smith and wesson. down big it is a bid for a u.s. army hand gun contract. it's just a contract which they did not get. huge loss. we have much more for you just ahead. the debate kicks off in less than 12 hours. this is exciting stuff. stay right there. this woman owns this house, with new cabinets from this shop, with handles designed here, made here, shipped from here, on this plane flown by this pilot, who owns stock in this company,

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>> where is hillary today? they say she has been practicing for the debate somecp ourselves. that was from late last week thursday to be precise.

we are less than ten hours away now from that first debate. steve is with us. he is a trump senior economic advisor. you're one of seven but we are going to be able to follow the market second by second during the debate tonight because features as they call him traded 247. i think they will remain relatively unchanged. i think the professionals in that field will wait a little bit and see exactly what happens hopefully we will see some of that tax productions that he wants to see and impose. >> now he says he thinks trump is going to win and he has a huge advantage in the economy and the markets. i think we talked earlier about tax, trade energy and the regulation. the impacts that those could have on the economy.

with the clear eyed leadership is implemented that we can really see that. there is a clear difference of opinions. donald trump explains his plan to reduce the cost of college we will also bring down the cost of college they get massive federal funds and huge tax breaks for their endowment but then they don't spend those funds or those endowments on their students. i will work with congress to make sure that these special federal benefits are not available unless universities begin to reduce tuition is too expensive. if you don't get the tuition down you don't get the tax breaks that's pretty radical stuff. if you think about the more the federal government is allowed to do that.

hundred $30 billion on student loans but the higher that legible amount is it seems that the tuition is tracking them. 500% since 1973. the certain percentage of that is used to lower. as the direct opposite of hillary clinton. three -- free college. i think all of us as americans know that there is no such thing as a free lunch. >> do think donald trump will get into that. will he zero) college cost outing that is what will be

delivered in the debate form. the real leadership that it's gonna take to move our country forward. have to get out of this rut that were in. it's about jobs. >> do you agree with everybody around this table so far this morning that donald trump well not say crooked hillary. >> i don't think that's his plan. i think you have to remain a flexible goodness knows what kind of hijinks could be presented to him. he is a very sharp guy. he's going to adjust with what is happening on stage. i think it will be really interesting as well as entertaining. look at this. they're out with a new poll. it came out first thing this morning. trump closing the gap that is the message from this poll.

support for third parties falling. trump gains momentum. look at pennsylvania and colorado. basically dead heat colorado and pennsylvania. this is the backdrop for tonight's debate. it's already tried to manage expectations for tonight listen to this. unseen it's up to the moderator two-point out falsehoods. it's been pretty clear that they think it's a the job of the moderator to get out of the way. all that we are asking is that if donald trump lies that it's pointed out. to make sure that his lies are corrected. and also to prevent her vision.

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at a glance. available 24/7 on your mobile device. switch to liberty mutual and you could save up to $509. call that's liberty stands with you™. liberty mutual insurance. >> you guys have been pushing this pretty hard. it's up to the moderator. they been pretty clear to get out of the way just asked the questions. if donald trump lies it's pointed out. it's unfair to ask for hillary to both play trumpet -- traffic cop and make sure that the lies are pointed out.

>> we rant that soundbite twice because he wanted to show how clearly the democrats are going into this debate setting the stage with a trump trump as a liar. has almost universal? >> look at the polls hillary is on trust worthy. she scores higher and untrustworthy category. in terms of the economy she is losing on who would do better. she's not 43 percent. now watch this. we just showed you this. trump is a liar. watch this. >> you will be getting in the whole world will be getting all of my e-mails. we found thousands that were not returned. >> i provided the department

which has been providing you with all my work-related e-mails all that i have approximately 55,000 pages and they are being publicly released. >> there's no doubt that there were e-mails that were removed from the e-mail system. they have the server have the server that was used during the tenure of my state department service. she used multiple devices during her four years as secretary of state. there was nothing marked classified on my e-mails either sent or released. >> there was classified e-mails. to echo what doug said earlier. of all the things you can focus on why line that's one thing you really struggle with your own candidate about that. when it focus on of how he has never held any office.

why are they focused online. especially with the server issue coming up more strongly against hillary clinton the polls and now we have that document dump on friday night and the documents we've been going we been going through and it shows that her aid may have forwarded some of her e-mails to her yahoo account the question is what she forwarded information to her yahoo account when half a billion users have been hacked. that's coming out now. again and again ads into the untrustworthy issue. >> it's absolutely fascinating. now this. the attorney general of west virginia is fighting the epa's clean up our plan is going to federal court tomorrow. he wants to stop the coal killing agenda. >> and the only candidate that

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stuart: through that private server using a pseudonym. what's that all about? who better to explain than judge andrew napolitano. >> i'm sorry to see what the president just said, because he was equally as careless and reckless as mrs. clinton, though he used a pseudonym that even huma abedin, one of the chief aides to mrs. clinton, apparently didn't recognize when the fbi showed it to her. stuart: the president said he found out about the e-mails reading it in the newspapers in 2014. but he'd been using this pseudonym -- >> yes. stuart: -- beforehand. >> yes. he had been e-mailing mrs. clinton from the white house, from his own facility --

i don't know what he uses, if he uses a mobile facility or -- a mobile unit or a desktop, using the clinton e-mail server using this pseudonym. stuart: i just hate the use of the word "liar" in politics these days. i just don't like that. but we just ran a montage a few minutes ago of hillary clinton making statements about her e-mails directly contradicted by the fbi -- >> she was under oath. she was under oath to. so that's either perjury or lying or misleading congress. when roger clemens was tried for misleading congress because they forgot to administer the oath to him, that was the charge. the penalty's the same, five years per lie or per misleading statement. so it's an astronomical number of years in her case. stuart: yet we have the clinton team labeling trump up and down a flat-out liar. the moderators have to correct this. >> to me, that is a political argument.

what concerns me is the type of lie we just witnessed which is in an official inquiry and under oath. as for this pseudonym, if it's a made-up pseudonym, let's say he makes up a name like betty windsor -- [laughter] stuart: oh, that's a cheap shot. that's the queen's name. >> john jones, he makes up a silly name, there's nothing wrong with that. but if he used ashley webster or elizabeth macdonald, he's committed a federal crime. i can't imagine he was pretending to be somebody else. it probably was a name unique to their communication relationship, his and secretary clinton's. but it shows the extent to which they went to facilitate her use of the private server, and you could even argue that the investigation was bigfooted, stopped by the president because be he didn't want to be a witness. because he was as complicit in

this as she was. stuart: see, you lawyers have gotten into everything, haven't you? >> it's a very -- it's a unique investigation in which it probably, fbi was probably told from the outset we want her exonerated because i don't want donald trump to succeed me. stuart: that's strong stuff, judge. >> yes. stuart: and you know it. >> yes. very, very strong stuff. inappropriate. highly improper. stuart: all right, judge. thank you very much for joining us today, we appreciate it. now take a look at the coal stocks, coal companies. they've been on a lot of scrutiny this election cycle. hillary clinton, of course, wants to just put them out of business. roll that tape again. >> i'm the only candidate which has a policy about how to bring economic opportunity using clean renewable energy as the key into coal country. because we're going to put a lot of coal miners and coal companies out of business. be. stuart: our next guest directly opposes that. he's taking his case against the epa and their clean power plant

to the federal court tomorrow. joining us now, the attorney general of west virginia, patrick morrissey. mr. attorney general, welcome to the program, sir. >> hey, it's good to be on your program to talk about this important issue. stuart: yes, sir, it is important. if you win, doesn't that collapse much of president obama's energy policy? >> it does, but it also restores the traditional role that states have had in setting their energy policy to. this policy. this is probably one of the single biggest cases we're going to be seeing over the course of the next decade, and we're looking forward to having our day in court tomorrow. stuart: is your case based on the idea that the administration, the epa does not have the authority to do what it is trying to do? >> it is, and let me take a moment and just outline some of our arguments. what the epa has done here is really outrageous on many levels. it's a power grab of epic proportions. first, anytime you're looking to

transform a sector the way the epa's trying to transform the energy sector here, the courts will insure that you look to congress. was there a clear statement, was there clear authorization. there absolutely was not here. the epa's relying on a very little-known provision that's barely been used over 45 years to justify a complete retooling of the nation's energy sector. we don't think that's legal, and some of the tools that they're using are really not only in conflict with the statute, but with the constitution as well. so we believe that's, those are some of the reasons why we were able to get a stay at the u.s. supreme court in february, but now we have to go finish the job at the d.c. circuit, although i do think this case may go back up to the u.s. supreme court in the future. stuart: is this all about climate change, the push for this kind of extraordinary environmental activity? it's all climate change, isn't it? >> well, i think if you were to

ask the administration, they would say that that's what it's about. i believe this is really about the rule of law and whether a federal agency can engage in such a massive power grab without even the most bare or thin authorization from congress. this is a situation where the administration and the epa, they're trying to force coal operators to cross-subsidize other forms of energy. that's not what the clean air act ever envisioned. and if the administration is successful, there's going to be so much power transformed nationally that currently resides to the states. so i would argue this is a legal fight as opposed to a fight over the particulars of climate change. stuart: i don't want to get you off your turf here, but do you think if donald trump were the president, could you actually restore those coal mining jobs? i've got 20 seconds, that's all. >> sure. look, i'm hopeful that there could be a rebound in the coal industry, and in my state of

west virginia we knead to make -- we need to make sure some of those jobs come back. i don't know exactly how many would come back, but it'd be a heck of a lot better than if hillary clinton gets elected. stuart: fair point. i know west virginia quite well, and it is truly beautiful. love it. >> it's a shining state in the mountains. stuart: it's an emerald jewel. do you like that one? [laughter] mr. attorney general, thank you very much for joining us, we appreciate it. >> thanks so much, appreciate it. stuart: back to the debate, one of the major themes tonight will be securing america. congressman peter king is with us, new york republican. mr. congressman, welcome to the program. always good to see you, peter. >> thank you, stuart. thank you. stuart: i have the feeling, maybe it's a pet theory, but i'll hope you'll chime in on it, that this is a bit like 1980s. the iranians and russians way back then were terrified of ronald reagan. do you think there's the same kind of thing here going on with donald trump, the chinese and

iranians very nervous about what donald trump might do as president? >> certainly, the chinese would be concerned as far as trade deals, as far as negotiations. i think the iranians would be very concerned that donald trump is on to them, he knows they can't be trusted, that they intend to build a nuclear arsenal, and be also isis and al-qaeda, all the islamist terrorist groups. they realize he will come after them both overseas and here at home and he's not going to cave into political correctness or any of their phony propaganda. stuart: what about domestic security? i ask this questiobeuse we just got the numbers in here, it's just been released. the murder rate went up by 10.8% last year. up 10.8%, a huge increase first in, i believe, first big increase in many, many years. what do you say about that, domestic security? that's going to be on the agenda tonight, surely. >> it has to be. i've had a good relationship with hillary clinton over the years, but i can't believe how she has turned her back on the police in this country.

when she plays into the narrative and spreads a big lie of black lives matter, when she goes and puts michael brown's mother on the stage at the convention, a criminal who was attempting to assault a police officer and take away his weapon, when she goes with the big lie that white cops are trying to kill incident blacks, that's disgraceful. the fact is no one does more to protect black lives and all lives in this country than the police department. and for her to go along with this phony narrative, these lies of black lives matter, that, first of all, encourages more violation, it demoralizes the police and does more, i believe, to cause these type of incidents and to really push america backwards on race relations. donald trump will stand with the police. i'm biased with this, my father was a new york city police officer. i have some idea what these cops go through day in and day out. and for her to be siding with the black lives matter against the cops is absolutely stuart: i believe you represent

the hofstra area, that you're their congressman. is that correct, sir? >> actually, i'm about five minutes outside it. i'm just a few blocks outside my district, but when i was a county official -- stuart: yeah. >> -- i spent a lot of time here. it's a great, great institution. stuart: and the publicity tonight is absolutely fantastic. congressman king, thanks for join us. >> stuart, very welcome. stuart: we have news on mylan, the epipen company. the ceo told congress last week that mylan makes $100 profit per epipen two-pack. congressmen didn't like the answer. mylan is now saying, okay, we make $160 per epipen two-pack. the stock is down a little more today. hillary clinton's death tax plan, 65% they'll take off you in the very, very top tier. after the break, we have a tax crusader who will respond to that. and my friendly debate with juan williams. here's a clip. i don't think you understand

that rich people do not pay estate taxes. >> and you are stuck in that mode of thinking that change is possible. stuart: high income earners pay tax, not wealthy people. there won't be a single billionaire in this country who ever pays a dime in these higher estate taxes, not one. and they will all vote for hillary clinton. it's a political smoke screen to convince working people that it's fair. i'm going to be fair. that's nonsense. she is not fair, she's not going to tax the rich -- >> they are voting for hillary clinton --

♪ ♪ >> i'm nicole petallides with your fox business brief. we're about 20 points off the low, down 140 points on the dow jones industrial average, the majority of sectorringses to the -- sectors to the downside. two weeks of gains for stocks, but we are extending friday's losses. as i mentioned oil, let's take a look at some of the energy movers as oil is up $1.50 as opec is meeting in hopes of a production cut once again to stop that glut that we have. transocean, exxon, chevron, you can see all those names with up arrows, and that's one area of strength. apple has been trying to squeeze out a gain on the dow, the checks they've been seeing for the iphone 7 have shown constrained inventory, so that's good news there. some of the leisure stocks have been lagging after quarterly reports, keep it right here on fox biz. "varney" continues.

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today, including the regionals. they have yet to pop. >> still waiting. stuart: i've got to play you a clip from my debate with juan williams. we were discussing, debating, hillary's estate tax plan. you remember, she wants to tax very large estates, over $500 million, at a 65% rate. here's the debate, roll tape. >> the gao found $1.2 trillion in overpayments the government made. why not stop that first, then go out taxing people? government's taking too much people and wasting it. >> no -- >> yes! 1.2 trillion. then you're treating taxpayers like a rounding error. >> are we going to say to everyone in this country you have a chance to succeed, and the rich are going to pay their -- >> the rich do pay their fair share. >> they do not. >> yes, they do! stuart: you can raise the estate tax on the so-called super rich, they will not pay it. do you understand that? >> yeah. do you understand we can change that? stuart: one more thing. we do not tax wealth in this country, we tax income.

the people who are truly wealthy will not be taxed by hillary clinton or anybody else. >> no. stuart: you can call up on the top of the mountain and say we're taxing the rich. it's not true. well, that created quite a stir -- [laughter] look who's here, grover norquist. knows more about tax than just about anybody else. welcome back, grover. good to see you again, sir. >> good to be with you. stuart: straighten a couple things out for me, if you would. i said to juan williams in a heated fashion, look, not a single billionaire will pay a dime in this billionaire tax on their estates. am i right? >> well, you might have even gone so far as to say that hillary clinton has been caught organizing her own finances to dramatically reduce any chance of paying a death tax. so she doesn't think that rich people like her with tens of millions of dollars should pay more. and, of course, people who set up those foundations, they control them, they spend the money. they just put it in a different

box, and they spend it on politics like giving money to hillary clinton's foundation. stuart: it's just such a political smoke screen really because, i mean, wealthy people -- we tax income in america. so strivers pay a very high rate because all their income comes at 'em on the books. we don't tax wealth. >> yep. stuart: that's why wealthy people vote democrat. it's a total switch in american politics. am i right or am i right? >> yeah, you're right. and one of the reasons that she needs a smoke screen is she has endorsed many different taxes on low income people. her husband and obama, when they ran for president, said they'd never tax anyone who earned less than $250 thousand, and they kept that lie up until they got elected. and then clinton, bill clinton, raised taxes on gasoline, and barack obama had seven taxes right on the middle class in obamacare. hillary, before the first

debate, endorsed a soda tax, a gun tax, a wage tax, all of the taxes inside obamacare. she's out there ready to tax and proposing lots of taxes on middle income people. so she has to do the shiny thing over here to have a conversation about raising taxes on rich people that, as you point out, she's not really doing. stuart: but you're the guy who doesn't like to raise any tax at all ever, not no how. >> correct. stuart: but donald trump would raise some taxes, specifically carried interest the way that hedge fund managers pay a very low tax rate. he wants to raise that. how do you feel about that? >> i'm not sure that that's necessary, but it's $2 billion a year that's affected. and it's in the context of a tax reduction, rather dramatic tax reduction, that is so much larger than the little increase in there. if it was a stand-alone bill, it would certainly be a very bad idea. but as part of a multitrillion

dollar reduction in taxes over a decade, the trump tax plan very powerful for growth. it would double our present pathetic rate of growth from 2 to 4%. superstuart wouldn't that be be nice? grover norquist, great pleasure to have you back on the show. come again. >> absolutely. stuart: i have to tell you that we have sad news to report if you're from the world of sports. that young man, jose fernandez, star pitcher for the florida marlins, he died over weekend. it was a boating accident. that man, fernandez, he had 589 career strikeouts. he's still on track to lead the national league in strikeouts this year, by the way, and that young man was only 24 years old. arnold palmer died sunday. he was 87. he won seven major championships including four green jackets from the masters. jack nicklaus joined us last hour to remember their friendship and their rivalry. >> he was a great competitor. he and i had a great rivalry that lasted from --

[laughter] 1962 until today. i think arnold and i spent more time trying to beat each other than we did trying to beat the field. and that was all right because we got off the day, i shot 74, he'd shoot 75, and i'd say, well, i got you today. the whole field passed us, but that didn't interest us. we were too interested in beating each other, and we had a lot of fun doing it. ♪

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stuart: breaking news on yahoo! and the great hack. >> well, senator marge warner is saying there should -- mark warner is saying there should be an investigation into when they knew about it, and now more congressmen saying, yahoo!, half your user base was hacked. when did you know about the hack and how did you disclose it. when did you know the size of the hack, that's the key. stuart: why, with a hack of this side -- have a billion accounts hacked into -- why is the stock not reacting? it's a 1% loss, that's it. >> yeah. because -- maybe the markets think verizon will still buy yahoo! anyway. stuart: in other words, a hack of this kind is not that big. >> not yet, yeah. stuart: extraordinary. i've got another story for you, liz. >> yes. stuart: let's see, cbs, sunday football ratings down 12%. why is that?

>> on both monday and sunday night, it's the first two weeks. you know, maybe tom brady hasn't played yet, peyton manning retired, not sure if the nfl national anthem protests where players are taking the knee is an issue right now. are the big guys out yet, that's the key. stuart: fox's football ratings are dead flat. >> yes. and it's streaming on twitter too. who knows? stuart: yeah. dow jones industrials down, what, 147 points. that's pretty close to the low of the day. there is this news report that the profits of the big companies in america will be down for the sixth straight quarter. maybe that's hurting the market today. we'll have more "varney "for you after this.

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>> they're very, very concerned that hillary clinton's message is not resonating with the american people. and we see that now in the polls that came out this morning, both nationally and in some of these

state polls in colorado and pennsylvania. they're on defense. in iowa, where they need to do very, very well, they're down 50,000 from where they were four years ago. that's a big problem if you're in the clinton campaign. their ground game is not where it should be. the r, this c/trump -- rnc/trump ground game as the best it's ever been. stuart the talking points we've been seeing from democrats, uniformly they're using the word "liar" to describe donald trump. john podesta says he makes stuff up, robby mook who runs the campaign says liar, i mean, three times in a couple of sentences, referred to donald trump as the liar. why are they doing that? >> well, i think it's because the game is to alienate the cautious, concerned undecideds, basically maybe bait what they perceive as a thin-skinned donald trump into overreacting and making him double down and be more emphatic on what he's been not so great about talking

about in the past. stuart: i'm wondering if hillary clinton repeats that word, liar, and i wonder if trump will react to. that neil cavuto will find out, because he's right there at hofstra. sir, it's yours. neil: stuart, thank you very much. we'll find out whether they each get negative with the other and try to bring their credibility and maybe alleged thick skins or thin skins into play on this one. hard to tell. this much is certain, we're about nine hours away from the debate that will feature a man and woman on a presidential stage, the first time in american history. you've heard some of the numbers on this event, that it could eclipse all over past presidential debate audiences. the record, of course, in 1980. of course, that was jimmy carter and ronald reagan when about 80 million tuned in. this is almost certain to pass that. it does have a little monday night football competition, but just to keep the candidates humble -- and we who cover them -- the record for all time