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tv   Varney Company  FOX Business  August 22, 2017 9:00am-12:00pm EDT

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dagen: thanks to kevin and darren for being here. average full-time hourly wage at walmart $13.85 an hour. stuart varney now. stuart: great to be back. i thoroughly enjoyed the eclipse. i watched in our. i thought it was a great nonpolitical event. sends this morning i saw the goldman sachs chief tied together the eclipse with a snide criticism of donald trump and then i saw a headline in the washington post, trump briefly glanced at sky without protective glasses. the horror! you have to laugh. not in even and eclipses off limits for the trump haters.
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we have a new approach in afghanistan. neighboring pakistanis on notice, donald trump not happy about terrorist sanctuaries in pakistan. he said we are not leaving, we are going to win. he stayed on script, his tone was measured, he was presidential. after a difficult summer his supporters hope this is a new start. he heads to arizona for an old-style rally. the markets, your money, we will open higher with 400 points from the dow record, we had a dip, morgan stanley says buy it and evidently some people are. politics a come back for trump, money, cut back to stocks, maybe, "varney and company" is about to begin. ♪ >> we are a partner and a friend but we will not dictate to the afghan people how to live or how
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to govern their own complex society. we are not nationbuilding again. we are killing terrorists. stuart: you heard it and saw it, the president laid out his new strategy for afghanistan. as a candidate he said he wanted out. as president after sitting in the oval office he concluded we have to stay. more on that in a moment. an update on the uss john mccain, divers found the remains of the 10 missing sailors and new concerns the collision could have been caused or had some relationship to a cyberattack. look at this from navy chief admiral richardson. to clarify, possibility of cyberintrusion or sabotage, no indications right now but review will consider all possibilities. mary kissel, of the wall street
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journal editorial board, quite a development or is it? >> i don't know what is more deserving, the idea there could have been a cyberattack on the john mccain or the ideas that you had the complete systems breakdown all the way down the chain because a collision like this should never happen. stuart: talking about a technical system? >> i am talking about that but also human error. there are physical human beings standing on about of these ships as lookouts to prevent a collision like this from ever occurring. a cyberattack would be very concerning but there's a reason admiral richardson put a pause on naval operations. that is a very serious and significant step meaning there might be deeper problems in the navy. stuart: coming at a time when we are in that area of the world with significant naval power opposing more missiles, the timing couldn't have been worse. >> terrible timing.
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the u.s. navy is the deterrent in the asia-pacific region not just against north korea but china. a lot of ships patrolling up and down the coast watching what the chinese do whether it is submarines or destroyers or other kind of ships. it was right of admiral richardson to order a pause but congress could get involved here, we cut funding for the navy for years. there is a high tempo of deployment, we have to step back and say are we giving our sailors the training and equipment they need? stuart: to close this out, if there was any suggestion or proof that this was the result of a cyberattack that is an act of war. >> before we jump to war admiral richardson said no indication of that. let's see what the facts tell us. stuart: it would be considered. >> we lost lives here. stuart: this is a senior admiral
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who used the word cyberattack, he put it in a tweet in relation to this full-scale review. that is an interesting development any way you slice it. thank you very much indeed. let's get to the president's address to the nation on afghanistan. he is sending more soldiers and we are therefore staying. how is that going down with people who served? dave sears was there. let me ask you this. what is winning? the president says we can win. what is winning to you in afghanistan? >> great question. what is winning to me in afghanistan is us getting out of afghanistan with our troops in tact and afghanistan no longer a complete safe haven for terrorists. stuart: it seems like afghanistan is developing into like a correia where american troops are there filling the
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vacuum for decade after decade. you are okay with that if the same happened in afghanistan? >> no. i don't like this decade after decade. i don't want my kids fighting in afghanistan and their kids and their next generation going, people compare this to correia. we have been there since 1950. there are two different places that need to be treated differently. stuart: would you like to get out of afghanistan? >> i would. absolutely i think we should. the whole question but i reject the notion, the idea that if we leave a vacuum as we did in syria or iraq, there are different places, the taliban has different goals so you need to look at this from a different angle, there were good elements of the president's speech but there was also pieces that concerned me. pieces of more of the same. show me how it is different. stuart: you know other people
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who served in afghanistan, you were a navy seal, served a couple years i believe, how do other people feel about this, did they share your sentiment that we should get out? >> there's quite a few that do. obviously it will be a little divided and the closer you are to the problem, when you are a steel, your job is to go to war, to train, those are things you are embracing. it doesn't matter to some extent where your country calls you to serve, you want to serve. as you get more distance from the problem and get more objective, why are we here? why is this in the national interest? why are we expending this blood and treasure, for what reason? i didn't hear that last night, i heard the same old rhetoric rehashed a little bit. stuart: to finish this out you would like to see us leave period, immediately? >> it can be a staged withdrawal. i agree with donald trump you don't advertise what your
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strategy is going to be or tell how many troops you have coming in or how many you have coming out, that is a smart move. but i think we need to have a plan internally to get out of there. this is a financial program. a traitor who is good has an exit strategy, right? you have to have an in and out. >> you make a lot of sense and we appreciate you being with us. come back next time as a financial analyst, you are all right. speaking of money let's look at what we are doing with the markets. we will be up 60 points, dow industrials will be not close, 22,000 again but we will be up with "the opening bell". look at blue apron stock. it is going to be down. it is down premarket and will be done when the market opens, not that much but $5 a share.
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multiple lawsuits alleging blue apron misrepresented customer retention rate, how many customers stayed on as customers. also questions about delayed orders and how much it spent on advertising before went public a few months ago, $5 a share blue apron, johnson & johnson have been ordered to pay $417 million to a woman who has cervical cancer from using talcum powder. is there a causal relationship established here? >> some studies suggest that but the american cancer society characterizes no clear link, possible link. that is how the council has a too, the weight of evidence does not support a link but johnson & johnson, 4800 pending claims over talcum powder causing
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ovarian cancer. juries delivered verdicts against this company, more than 306 million in those verdicts, now 417 million, johnson & johnson is going to appeal it, they are saying there is no link here so this has been a battle royal between scientists on the one side is a there's a link another scientist to say there is no link. stuart: there is a giant chinese car company called great wall motors and is interested in buying jeep, the crown jewels of fiat chrysler. tell me more. ashley: that is the word on the street, fiat chrysler says we haven't met anyone from china but there is definite belief this chinese company very interested in buying the jeep brand and other interests in this company, could see the sailor breakup of fiat chrysler. the jeep brand is one of the first us autos to make it into china in the 70s, quite reviewed but because of chinese terrorists it was costing twice as much as it was for domestic we produced vehicles but this chinese company would love to
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get its hands on a big iconic automaker, no doubt about it even though the chinese government is trying to cut down on overseas acquisition, this is seen as a big one. stuart: back in the days of the bailout of the auto industry, the obama administration dusted up chrysler and then sold it to italy's flagship hour. now the crown jewel, great story. check this out. it is not about amazon, walmart applying for a patent for a blimp that would fly maybe 1000 feet carrying a fleet of drones which would fly out of the blimp and deliver packages. i'm going to call that a flying walmart warehouse. coming to a neighborhood near you. donald trump will hold a rally in arizona, lots of speculation
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he might advance a pardon for sheriff joe arpaio. how would that go over politically if he did it? depends on who you ask, doesn't it? more division in the republican party, senator susan collins, republican from maine says she is not even sure donald trump will be her party's nominee in 2020. you will hear her say it after this. non-drowsy allergy pill. it helps block 6 key inflammatory substances that cause symptoms. pills block one and 6 is greater than 1. flonase changes everything.
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>> dfw is a shoe retailer, that stock is a winner today certainly premarket up 19%. it just recorded its first sales gain since 2015. the homebuilder toll brothers cut its forecast, $.50, $37.75. this one, dozens injured in a train crash in suburban philadelphia. ashley: this came into the 69th
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street terminal in philadelphia. if that sounds familiar it should, something similar happened in february but there were three out of service commuter trains. this train hit an unoccupied train in the terminal. all of them injured to varying degrees, four seriously injured including the conductor and driver so trying to figure out what happened. stuart: donald trump visits arizona and a lot of speculation he will pardon sheriff joe a pio who was convicted of committing contempt by federal judge. kelly ward is with us from arizona, challenging jeff flake for his republican senate seat. welcome to the program, good to have you with us. >> led to be here. stuart: let's suppose the president does pardon the sheriff, what are the politics of that on the ground in arizona? >> there's going to be a lot of celebration in the streets and
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protest in the streets because as you know, he is a polarizing figure. for people on my side who believe in border security and stopping illegal immigration he is almost a hero because he was willing to do the job the federal government simply wasn't willing to do. stuart: do you want to see him pardoned? >> i do. there is a lot of political motivation behind what went into prosecuting sheriff joe. i agree with congressman franks and congressman biggs, three solid conservative congress men that this has to be considered. stuart: i want to discuss this with you. republican senator from maine, susan collins says it is too the soon to say if donald trump will be the nominee in 2020. >> i didn't support the president when he was our
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party's nominee. that was a difficult decision for me to take which i have never taken it before. i wrote in the name of paul ryan. >> will he be the party nominee in 2020? >> too difficult to say. stuart: clearly this is a split republican party you are trying to get into. what is your response? >> just like all the never trumper's including my opponent jeff flake they are definitely on the wrong track. donald trump has been very strong facing huge opposition from the mainstream media, from the left and establishment characters within the republican party and i think we should be looking at the things he has accomplished and the things he has planned. look at the economy. it is projected we will have 3.7% growth this quarter. that is unprecedented over the last eight years. under barack obama we were growing at 1.2, 1.8, we never
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broke 3. for republican senators to be coming out and attacking the president is not good for unifying the party and not good for moving the country in the right direction. stuart: it seems donald trump is trying to reform the republican party. are you on board with that, you consider yourself one of the new republicans. >> i agree he is trying to reform the republican party, to try to save the republican party from itself and i do believe i'm a member of the new gop, people who listen to the people who elected them, people who have a backbone and people who do the right thing. stuart: not sure i have the word right but you are primarying jeff flake. >> i am because if we and our party don't hold the people in
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elected office accountable, we are no better than the other side. whenever people don't deliver we have to hold them accountable. stuart: thanks for being on the show this morning, you are up bright and early and we appreciate. thanks very much indeed. more on sheriff joe next hour when andy biggs says yes, the president should pardon the sheriff. that will be at 10:30 this morning. the nfl getting political, a dozen players on the cleveland browns taking a knee during the national and preseason game last night, we are back after this. ♪
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stuart: it is 9:23, the price of gold down $3, $12.93. 11 cleveland browns players took a knee during the national anthem before monday night's preseason game against the new york giants, they didn't stand up. that is what happened. market watcher has something to say about this. why would a man who follows the stock market know anything about this? >> i know about things besides the stock market. i want to inform everybody that is the cleveland browns are by far the worst team in the nfl, one in 15 last year so if anything they should be focusing on football and not making a
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political statement and one thing i noticed and fans should notice is if you look at teams like the steelers, the cowboys and the giants, three great teams, well-written teams, they are not having these issues so something to consider. stuart: you have something to say that is valid. i just want to watch a football game. >> will this intrude on a sunday afternoon. stuart: i want the game. i don't want politics. >> of cameras didn't show you what was going on and just showed the game with that be a bad thing? stuart: the sponsors, the tv networks want it to be an issue. it is rating this. >> advertisers don't -- >> you cannot talk about
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football. time is up. we are going to be up 50 points in "the opening bell," can't wait for it, rearing to go on the market. we will be back. parodontax, the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try parodontax toothpaste. ♪
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stuart: we have got 20 seconds to go before we open trading
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this tuesday morning, the dow closed around 20,700 so we are 400 points from the all-time record high, within striking distance given a couple good rallies. we will open a little higher this morning, 40 or 50 points, 5, 4, 3, 2, we are going. here we go, tuesday morning, we are off and running. i see some green, a lot of green on the left, we are up 36 points from the get-go, 34 points, 41 points, bottom line, ladies and gentlemen's we are up 50, we have opened hire pretty much across the board. let's check the s&p 500. where is that this tuesday morning, it is a 12:45% somewhat similar to the dow. as for the nasdaq which is lost some ground in the month of august but it is up this morning nearly 1/2% and bottom line, right-hand corner of the screen dow up 64.
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fiat chrysler is down $.12 even though there is great deal of speculation that a big chinese automaker wants to buy the crown jewels, that will be cheap. quietly goes down on that news. johnson & johnson slapped with a $400 million fine over talcum powder cancer risk, more on that coming up, down $.17. blue apron facing multiple class-action lawsuits over not disclosure, nondisclosure of crucial information. that is the issue and stocks at barely $5 a share. tuesday morning ashley is here and thank you for yesterday's hard work and elizabeth, terribly sorry, thanks for yesterday and the football experts got shellady -- know -- jeff zika is with us and scott shellady is still in london and with us. this one is for you. morgan stanley here in the states says we have a dip for the dow industrials and stock
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prices, time to buy it. what say you? >> i am happy to see stockmarkets do well, how could you not be but they are doing well for the wrong reasons. we had 5 of those big stocks account for too much of these indices, almost a third of the s&p moved this year, we are going up for the wrong reasons. if you are a market technician you want to see a healthy rise in stock prices, not just scattered. to some degree that is mirroring how the economy is doing so i want to see a broader base rally rather than the secular rallies. stuart: what do you say? >> i agree with that and investors should be careful of the research coming out of investment banks, they tend to be overly bullish but this is a narrow market with livestock up 30%. my issue is the market has traded based on rhetoric from
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the trump administration on tax-cut and the regulation. buying on the dip, this is not much of a dip. stuart: let's look at the dip in the 5 big technology companies. we follow them all the time, look at how they performed in percentage terms, amazon down 3%, apple up 6%, alphabet down 2%, those three stocks, facebook, microsoft, netflix, all of them down in the month of august, there is a dip, not a huge dip except netflix, would you buy any of them? >> no. i would not buy apple. i would be selling apple, i wouldn't buy them. this is not much of a dip. 30% up, 30%, stocks up on average, that is a big appreciation in a short time. what you are seeing is a lot of this liquidity that has been
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created and piling into these stocks is going to pull out at the same time. dagen: when will we see that? >> i think we will see the dip if we don't get any progress on tax cuts and deregulation. dagen: it is a week dollar and strong global growth. the global growth overseas translate to higher profits because the week dollar. stuart: that refutes the football expert's point. think about this. >> market decline dramatically when there is rumor of gary cohen leaving the trump administration. that was not confirmed but stocks declined dramatically. think about had. a dramatic decline based on one person i believe is the linchpin for the economic reform trump is preaching, that shows me we have a vulnerable market. stuart: pulling back from the enthusiasm of the past.
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would you buy any of the big five with his minuscule dip we have seen in august? >> you are going to have to buy into these new highs and that is difficult. we all like to see them go higher and that doesn't mean they can't but we will have to have a reckoning and that will be on the other side, stocks catching up or down and beating 30% of the market can't go on forever. stuart: that is true. i have been away for a few days, went out of town, talked to a few people in the question is always the same. should i buy more facebook? should i buy more apple? should i buy more google or whatever it is but those five stocks are the focus of all attention and i don't know what to say. what can i say? >> call your broker. stuart: look at this. we are up 87 points, getting close to 21-8 again, 89 points
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coming up to roughly 1/2% higher. dfw is a shoe retailer, a winner this morning, 21% higher. it just reported its first sales gain since 2015. homebuilder toll brothers cut its forecast, it is down 1.4% at this point. weaker revenue, medical devicemaker medtronic down 2% and a new chip coming from intel, 40% faster, your laptop will have better battery life if this thing is in it, the chip debuts in the fall but intel is only up $.18. here to me is one of the more interesting stories. china auto giant great wall motors has some interest in buying fiat chrysler's jeep, the crown jewel, american icon, what do you say?
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ashley: jeep has been expanding in china with two manufacturing plants. there is a definite connection here. does this mean a sale of the company as a whole or will they break up? also speculation volkswagen will look at buying alpha romeo, this would be a big split up. stuart: they will break apart. liz: we haven't heard from the united auto workers union so we don't see a lot of roadblocks to this deal. >> we got a red one. stuart: say that again. >> i agree, we got rid of a roadblock, steve bannon. he wanted the fight with china and now that he is gone that will be a lot easier and it was two years ago we were talking about smithfield, largest core producer bought by china, a big kerfuffle and then haven't heard anything so this looks like it could be easier done today and two weeks ago. stuart: i want to move on to
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johnson & johnson, another big story, they have been ordered to pay $417 million in the trial of the talcum powder cancer risk. give me the story. >> national cancer institute says the weight of the evidence does not support a link from the use of talcum powder causing ovarian cancer, american cancer society, all the studies suggest there is no link. most they can come up with in terms of a consensus, possible link, possible. those four juries, more than $306 million given out already, in this case $415 million given out in one case so we have johnson & johnson revealing 4800 pending claims going to appeal these verdicts. >> the question for johnson & johnson and the other consumer companies when you have this
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much litigation centered around the product, how do you handle it? in the case of johnson & johnson they have thousands of these cases piling up against them so investors how to look at how this affects the stock price and should johnson & johnson offer a global settlement in order to hedge any diamonds that might be done. stuart: why is stock down $.14? i don't get that. >> i believe there is appeal, there is going to be an appeal. a lot of comments. stuart: if it goes against them in the long run, a huge problem. blue apron stock is down again, actually dead flat, unchanged completely, hit with multiple class-action lawsuits about the information it disclosed before it went public, would you touch blue apron at $5 a share? >> this is a train wreck from day one. amazon is going to annihilate them but i want to say
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something. what you see with his litigation after companies go public you have the lawyers crawl out of their holes and file litigation against these companies for not disclosing things i am not saying blue apron disclosed everything they should have but every ipo even facebook when facebook declined every ipo you have a team of lawyers coming in filing lawsuits to try to generate fast cash, a very bad precedent because if you are smart you will look at a company like blue apron and say i am not going to buy that after it goes public and you won't have buyers remorse and hire a lawyer because you lost money. stuart: imagine if huber went public, what would the lawyers do? taken to the cleaners. that is a good argument for not going public. i want to get to walmart. taking a cue from amazon again, they have applied for their own drone, more than that, that is a blimp. a blimp. apply for a patent for that
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blimp which would send a fleet of drones from the blimp to delivered directly to you. stock is at $80 a share. you see this coming in our lifetime? >> we are being -- this technology is being forced upon us whether we like it or not, driverless cars, drones delivering pizza. it is all a real nice idea right now but when it comes to it happening, we are a ways off. technology makes things happening faster than we think but at the end of the day we have to see a big consumer demand to one these things to happen tomorrow. i don't think we are there yet. i like the idea to think out-of-the-box, at some point they will get there but i don't think it will happen. stuart: if one of those were in the uk you would deploy from a blimp and it would end up in norway. 15 miles an hour. good luck with that.
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stuart: great to be back and thank you very much, good stuff today, thanks very much. we are almost up 100 points. we are back above 21-8, a rally. this could be bad news for facebook. according to a study it is user based among young people, 12 to 17-year-olds, that user base is shrinking after an alarming rate. we will tell you which social network teens by using instead. strong criticism of donald trump from two of the biggest names in money, we will tell you what lloyd blank fine saying about the commander in chief, we will be back. ♪
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stuart: it is tuesday morning rally up 160 points the 21-8. teenagers, we are told, are
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leaving facebook in droves. tell us where they are going. >> reporter: say hello to snapchat. facebook is slightly higher and the big picture is facebook, facebook and instagram, under the facebook umbrella, what we are seeing is the 12-17-year-olds shrink by 31/2%, the first time ever. they are seeing growth in instagram but snapchat is the winner here overall, that has been on the move to the upside. snap had a stellar week up 18% on a relief rally, so many worries about expiration and weak earnings, 18% gains last week, it is gaining 2.7% again. stuart: thanks very much.
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from politics let's get back, we stay on money, two big money guys critical of donald trump. goldman sachs chief lloyd blank fine and billionaire hedge fund manager ray doughty. which the moon wasn't the only thing casting a shadow across the country, we got through one, we will get through the other, mixing politics and the eclipse. politics will probably play a greater role in affecting markets then we experienced anytime before in our lifetimes but in a manner that is broadly similar to 1937. i continue to closely watch how conflict is handled while tactically reducing our risk to it not being handled well. steve cortez, money guy and
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trump supporters. i am reading below the water. they are critical of donald trump. is trump losing the world of money? >> i don't believe he is. he may have lost the world of billionaire elites and ceos to have a wonderful time during this economic expansion but not losing the american worker who had a dreadful time during the slow economic expansion that has been no expansion for them. what we are seeing from a lot of ceos is a real elitist condescension. when they say things like a shadow dissenting over the country i beg to differ, it is not dusk in america, it is morning in america, the economy is accelerating, that is not my opinion, that is the data, the earnings, optimism is exploding in the land, the border is under control for the first time in decades, neil gorsuch is on the court, it is morning in america under the leadership of donald trump even if some of the elites don't recognize that. stuart: something that might be a negative, mitch mcconnell reportedly talking about tax
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reform being revenue neutral. i don't like the sound of that because revenue neutral deal wouldn't stimulate the economy. >> i don't need to be pulling my hair out because of statements like this from mitch mcconnell. mitch mcconnell has 18% approval rating in kentucky where donald trump has a 60% approval rating so mitch mcconnell needs to get on board with the american people and realize being penny wise but pound foolish when it comes to taxes is a major mistake and a mistake which this country cannot afford. when i hear revenue neutrality i want to scream back to them it is our money, not your money, doesn't have to be revenue neutral. what we need is stimulative policy, reduce regulations and reduce taxes so the economy can grow the way it is capable of. stuart: that is going to be the fight, thanks for joining us as
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usual. tuesday morning, 28 minutes into the session, the dow is up 100 points. morgan stanley says by the dip, evidently people are, a sea of green on the left-hand side of the screen. looks like trouble for johnson & johnson, $400 million to a woman who says j&j's talking powder gave her ovarian cancer. is there a proven link between talcum powder and cancer. doctor mark siegel has the answer after this. hello, this is adt, is everything ok? i could hear crackling in the
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go long™. ♪ stuart: here we have it going up some more, 116, that is a rally this tuesday morning. johnson & johnson paying $400 million in the talcum powder cancer risk case. doctor mark siegel, is there an established causal link between this kind of talcum powder and cancer? >> there is no proof. in harvard looking at many studies over the years a 30% increase in ovarian cancer if you use talcum powder causing inflammation. none of those studies of the gold standard where a bunch of
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women, given talcum powder and a bunch and don't given talcum powder and see who gets ovarian cancer they are not willing to do that until they do that they cannot prove this. stuart: it is a statistical link as opposed to a genuine causal link between the two. >> exactly right. there is an association and not all studies have shown it, some have and some haven't, the thing about -- as best us, they have taken that out. that is out. it is an issue of talcum powder without is best us. it is different so there is no causal link and i predict they have grounds for appeal because they have not shown proof. stuart: i am sure they will appeal. four juries -- >> when you look at studies you find an association, not proof. stuart: that is what they are looking at. and association when they need actual causal proof. it is not there yet. >> i am not recommending people use these products. i'm saying no proof. stuart: i sold this headline in the washington post, trump
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briefly glanced at sky without protective glasses, the horror. can you imagine such a dreadful faux pas, is he in danger of going blind because of this? >> no. i was on tv yesterday talking about those glasses and i feel strongly about that, the reason i was talking about that is people are going to stand there ogling and if you just looked -- in retrospect, the day after if you look and glanced at the commander-in-chief you are fine. always attacking him for everything. it shows he is human. he put the glasses on afterwards. stuart: don't you get sick and tired of the good advice industry. how about a weather forecaster who always ends with don't forget the umbrella and wrap up warm, it is going to be chilly,
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good advice. >> what is a few drops of rain on your head? stuart: what do you say? janice dean is on the show later to talk about the special glasses you need to look at the eclipse and the umbrella when you go out. >> she is a great weather person but if you accidentally glimpsed, no problem. if you glared you could have a problem. stuart: i looked right at. >> we -- stuart: i don't live in fear. i don't live as a prisoner of my fear. we got to go. liz: things like free lasik surgery. stuart: can you still read the prompter? here is what it says. it has been a good summer for the democrats. they have been feasting on donald trump's problems, bashing the republican left, right and center so if the republican ideas are so bad what do democrats have to offer? you will get my opinion, right
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stuart: the left has had a wonderful summer. they largely avoided negative pub list tivity they feasted on the president's president's trouble. shifted away attention from their own failures. this is unfortunate because the left should be under close scrutiny. what do democrats have to offer if republican ideas are so bad? answer? not much. how about a democrat growth plan? they're offering a better deal but it is vague and frankly same old, same old, beat up billionaires and big companies. just a focus group-approved slogan. how about a wage growth? their idea is legislated $15 an hour. it is not working. entry level jobs are drying up as technology and automation take over that is a failed policy.
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medicare for all is to create the obamacare mess they created. that doesn't lower medical costs. how do you pay for it? that brings us to tax the rich. bear in mind they will not tax wealth of wealthy supporters, just income of the striver class. that doesn't grow the economy. democrats cling to contempt for oil and gas, they hate fracking which cut the cost of heats homes and made america the dominant energy power. health care, taxes energy, these are issues that affect most of us most of the time. those are not issues media puts in front of us. these are not issues democrats don't want to talk about. if you don't have any new ideas, your old policies are failures you change the subject. try this is the summer is coming to an end. time to bring democrats out of their policy hibernation. let's discuss how to grow the economy. talk about getting health care
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costs down and wages up. i doubt it will happen. look at "washington post." trump is irresponsible for glancing at the sun without protective glasses. a op-ed questions sanity of our president. another article is scornful towards the treasury secretary's wife because she posts a fashion brands she wears on social media. much easier to do than bring up the absolute polity of serious thinking within the democrat party. the second hour of "varney & company" is about to begin. ♪ ♪ stuart: producer, kc, you're a genius. you are a genius. to come up with that particular song at this particular time, the media says the president needs some help.
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hysterical reaction after he reviewed the eclipse for glancing moment without sunglasses. the world is coming an end. this is rally, ladies and gentlemen. we're up 118 points. i think that is the high of the day just about, up 118. tech stocks, apple is up, 1.2%. that boost for apple's stock is helping the overall dow industrials, because apple is a dow stock. so is microsoft. facebook up, amazon, alphabet, they're all up, the big five all on the upside. quickly a big gain for dsw, a shoe retailer, recording its first sales gain since 2015. it is up 22%. elf beauty, do makeup and beauty products. that stock hitting all-time low today, down another 7%. a chinese carmaker, great
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wall motors, is reportedly interested in buying jeep. the crown jewel of the fiat chrysler combo. joining us jack howe, "barron's" senior editor. that is the crown jewel of fiat chrysler if china buys them or anybody else, the story is the breakup of fiat chrysler? >> i think so. a lot of jeeps are made in china already. i don't know if it is such a drastic change for america. we have two strong companies. i don't know what opposition will look like for this deal. i don't know how well jeep would perform under chinese ownership. stuart: why? >> well, under american truck buyers, when they, i mean i guess there already have been ownership changes for jeep. american truck buyers, will they want to buy, untested so far. a chinese truck, will that sell well in america?
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stuart: how about bud wisers? >> right. stuart: the parent company is a belgian company. has bud sales gone down because of that? >> that is an excellent point. they have market shares of issues in the u.s. i don't know when you saw a bottle of budweiser. i saw one on the golf course. they replaced the budweiser with america and looked like a flag wrapped around bud wisers. i think they're struggling with market share. stuart: that is a fair point. talk about walmart. they seem to be emerging as a principle competitor of amazon. walmart is expanding the online grocery delivery service to two more cities, okay, it is an expansion, and that thing on the screen is a blimp. they have a patent for it. it's a blimp. it would house drones that fly out from the blimp and deliver directly to you. ignore the blimp for a second. >> can you drop the food in my mouth? stuart: it is coming. give a few years. ignore the blimp for a second
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and talk about -- walmart really is the big competitor of amazon, the only serious competitor. >> it is the only company with a scale to compete with amazon. i know amazon is killing everyone and everything, but be fair to walmart, they turned consistently turn ad decent profit there, and yet to be proven amazon can do the same in retail at walmart's profit levels. people look at walmart as an alternative going forward. i would like to see the crazy experiment if they want to go through, cycle through a lot of experiments. that is what amazon does. they do something six months, if it works great, but if it doesn't, kill it. look at stock price on walmart. it has been pretty strong lately. stuart: it has. what have you, liz? liz: best sales in five years. half the sales for groceries. that is the play for amazon, will amazon, looks like it will, take on walmart with immediate grocery delivers? stuart: that is interesting. i think walmart is a great
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competitor to amazon. we'll see how that turns out. jack hough thanks for that. joining us kristin tate from "the hill." i'm saying quite harshly, democrats are not running on issues that affect us. they don't have ideas that affect us. they're running on race, identity politics, statues. i'm harshly critical of the democrats on that. how about you? >> you're right on the money, stuart. the left has no unifying message, no uplifting, really no platform. they continue to run on identity politics. it is all about racism, sexism and homophobia. the state of the democratic party today is so sad. i don't know what happened to the party of jfk you know what happened to think from the what your country can do for but you can do for your country. today that would probably be considered right-wing racism. the democrat party of today,
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democrat party of today just seems to be run by special interests and people who want to push victim-hood. very sad. stuart: am i going too far? am i going too far because i'm saying i don't think the democrats have a growth plan. i don't think they have a real plan that would lower the cost of health care. and various other areas in which they don't seem to have any plan, any policy. $15 an hour minimum wage, that is a failure. they're clinging to it. am i just being too harsh here? >> no. you're right. the party has absolutely no solutions. the democratic party has become one of victim-hood and seething hatred that despises free speech. it is absolutely despicable. i also think it is not effective. so i say let donald trump and republicans keep talking about jobs and economy and growth of. let democrats talk about transgender bathrooms and
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tearing down historical statues. we'll see who wins next year. stuart: look on other side of the coin. look at republicans. listen to what senator susan collinss of maine, what she says about the 2020 presidential race. roll tape. >> i didn't support the president's when he was our party's nominee. that was difficult position for me to take. i have never taken it before. i wrote in the name of paul ryan. >> do you think he will end up the party's nominee in 2020? >> it is too difficult to say. stuart: the republican party is as divided as democrats lack ideas. six of one, half dozen of the other, isn't it? >> this is just pathetic. i don't know why susan collins calls herself a republican. consistently fighting against conservative values and against donald trump, and quite frankly when susan collins says something it means as much to me when chuck schumer says something. i give them the same credence.
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you're right, establishment gop is as much as threat to the trump agenda as far left-wing progressives are. this is the kind of stuff we come to expect from the swamp. with regards to what susan collins actually said though about 2020, she might be right, stuart. think about what donald trump is up against. he has 50% of the country and entire mainstream media consistently trying to take him down and make him seem like a modern-day hitler. it is absolutely despicable. meanwhile congress is getting absolutely nothing done when it comes to his agenda. mitch mcconnell and paul ryan, these people ultimately going to have biggest impact on trump's future in the white house, whether or not they remain in the majority. they have got to get something done to further trump's agenda and what millions of americans voted for. stuart: while you're all fired up, kristin, let me ask you this, are you fired up about "the washington post"'s headline that says trump briefly glanced
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at sky without protective glasses? are you utterly outraged about this? >> you know, soon as i saw that photo, stuart, i knew that the left, and media would have a field day over this. of course they did. they're using it to call trump an idiot. this is the kind of stuff make makes media lose all credibility. they grab every chance toe can to make trump look bad to tear him down. gets to the point where it becomes noise. they're only playing to the far left-wing at this point. no one else is listening to these attacks. stuart: sure looks like it is comeback time for trump for the kirstin tate brigade. thanks for joining us. >> thanks, stupider. stuart: look at this. the tennessee titans, that is ashley's favorite football team, taking a break from practice yesterday, to check out the solar eclipse. the coach stopped practice five minutes before the eclipse
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reached totality so the players could take a break. they're wearing glasses. sensible people. coming up, president trump sending we hear, 4,000 more troops to afghanistan and getting tough on pakistan. he says we'll win. what is a win in afghanistan. we're asking that question. the revolving door at the white house, steve bannon the latest staffer to leave. we'll ask trump insider corey lewandoski is the administration united? this is the second hour of "varney & company." ♪
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create a -- hasty withdrawal would create a vacuum that al qaeda and isis would instantly fill just as happened before september 11th. we are not nation-building again. we are killing terrorists. stuart: all right. president trump last night vowing to obliterate isis and al qaeda, and send more troops to afghanistan. joining us general anthony taylor, author after novel, besieged is its name. we'll get to that in a second. general, the president says we're going to win. what does winning in afghanistan look like to a retired general? >> stuart, the president is very clear we're transitioning from nation-building to defeating enemies of our nation. that is why we were there to begin with, deny sanctuary, defeat the enemy. that means technically, doctrinally to break the will of the enemy and to fight.
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he listed 20 groups, primarily the al qaeda, isis and the taliban. breaking their will to fight, so far has -- stuart: we haven't done it. >> economy of force. stuart: after 16 years we haven't done it. >> that's right. it was economy of force under w bush. let's get out of there under obama with a timeline. the same time he announced a surge he announced when they were leaving. and what i know from boots on the ground over there, stuart, is that those governors and afghan commanders the taliban are sharpening their knives waiting for you to leave when that announcement is made. stuart: so we stay. obviously we stay for years and years and years. it will be a bit like korea, isn't it? >> korea, germany. stuart: literally for decades. are you okay with that? you're retired general. do we want to take on a new commitment decades-long in country like afghanistan? >> what i want to do, stuart is make sure the nation is safe. that is what the president is
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focused on denying sank wear. stuart: you have been in this business. you've been a general. you commanded hundreds of thousands of people. are you comfortable staying in that location for many, many years? >> i'm very comfortable with it. stuart: why? >> because we have two power projection platforms in bagram and kandahar, we look at pakistan, india, china. that is a regional presence for us we didn't have before. stuart: then afghanistan is a forward base? that is what it is. >> it is power projection platform and it allow us to have eyes on -- look what happened, stuart, iraq in face of arab spring and syrian civil war. we ripped out all intel and communications. isis was born then. two yearser this the quote, unquote junior varsity. if we rip out everything from afghanistan, the very same thing will happen. i can tell you boots on the ground in afghanistan, in '06, 07 as the deputy commander there, we stopped three planned
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terrorist events against the united states by killing and capturing people that intel told us were planning domestic terrorist attacks against the united states. so that is happening. that is happening every day. stuart: bring me up to speed on, well the navy has found some of the remains of the sailors lost in the uss mccain. and an admiral, a senior admiral put out this tweet, i think we have it on the screen possibility of cyber intrusion or sabotage, no indications. review will indicate all possibilities. i'm surprise ad senior admiral would raise the issue publicly like this. >> shocking to me, what the navy this is the fourth accident in the seventh fleet in the western pacific. issues beyond, could be a cyber issue. stuart: that is act of war. >> it would be an act of war to
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steer a merchant ship into a u.s. naval vessel. and, you know, that would be, you know, who hacked it. who steered it, et cetera. so, very careless in my opinion for that admiral to put that out. they should be conducting a review, looking at their processes training and holding people accountable. stuart: congratulations on the book, besieged. >> thank you, stuart is i was surprised to find a retired general is writing novels about military history. >> thank you, stuart. stuart: besieged the name of the book. ajtata. two are critical of president trump. one comparing the president to the eclipse. no he didn't. yes he did. he did compare -- yeah, okay. that was a terrific tease. i didn't get it right. we will get it right in just a second.
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stuart: well, well, snap chat up again, 2%. could be on a report from e-mark teter, that teens are fleeing facebook. some headed to snapchat. the stock up. beauty products coty. higher cost. you know the brands, cover girl, clairol, within the brand of coty. now this two big players in the financial world criticizing president trump.
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goldman chief lloyd blank feign, and hedge fund ray dalo. wish the moon wasn't only thing casting a shadow across the country. we got one, we'll get through the other. nasty sarcasm about the president. ray dalio, politics will play a greater role affecting markets than any role in our lifetimes but in a manner broadly similar to 1937. i watch closely how conflict is handled while tactically reducing our work to it not being handled well. jack hough, "barron's" guy. has he lost the world of money. >> let me tackle the second one. i wonder if the review evolved since election day. a lot of people thought there would be tremendous effect, dive for stocks. in fact the trajectory of the market and economy looks remarkably similar than it did leading up to election day.
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the broad story is resilience of american economy and markets. i'm not sure what kind of political effect talking about, something coming down the road. i don't see it. stuart: says he is pulling back from risk. that implies he is fetting out of some stocks. >> i hope that means today not six months ago. stuart: going into gold? liz: five or 10%. stuart: out of stocks into gold. linking the president and performance of the economy. >> i don't know, i don't see the peg to the president. maybe he thinks the market is price sir, i didn't think much of lloyd blankfein's oblique sarcasm and eclipse and president trump. >> it is twitter. you have so much space to say something clever. this guy has different priorities, right? he run as big company, a big diverse company. let's be honest, whatever you think about the president, there were inflammatory marks with regard to the white nationalist demonstration. you can't run a big company, a lot of new york employees and
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not speak out about that. stuart: jack hough thank you very much indeed. president trump in arizona, a big rally to his base. he march according to speculation sheriff joe arpaio. andy biggs is with us. he says that would be a great idea. parodontax, the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try parodontax toothpaste. ♪
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stuart: breaking news on the coalition involving the uss mccain. navy officials say, a cyberattack played quote, no role in the accident. they're clarifying the situation. defense companies, their stocks at least on the rise after president trump's speech on afghanistan. all of them are up about 1%. except general dynamics. all of them, boeing, general dynamics, boeing, lockheed,
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raytheon, all on the up side. president trump holds a rally in arizona. there is speculation he could pardon that gentleman, sheriff joe arpaio. our next guest says, yeah, he should do that, congressman andy biggs, republican from arizona. if the president pardoned sheriff joe, would that be taken as slap in the face to hispanic voters because sheriff joe challenged their immigration status, how would they feel about this. >> i don't think it's a slap in the face to latino voters. you have to realize sb 1070 still remains popular with significant plurality of latino voters in arizona and that is reflex shun on the fact of rule of law. that is what sheriff joe was trying to implement, rule of low. latino voters, or callingcation or any background, they tell you they want rule of law enforced. that is why sheriff joe was
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successful in arizona for so long. stuart: do you have any inside information that he will pardon the sheriff or closely-guarded secret until the last minute. >> i don't know if it will be closely guarded but kept secret from me until the last minute. stuart: is there a big crowd expected? this is a rally. not a presentation. this is rally to get the troops back in order, rah-rah stuff, isn't it? >> absolutely. it should be a big crowd there in the building supporting president trump and i anticipate a very large crowd outside opposing president trump as well. very dynamic. stuart: are you going to be there. >> i am going to be there. stuart: you will be associated with president as jeff flake, senator from arizona, republican senator walks away from him? >> well, i didn't know he wasn't going to be there, but that doesn't matter to me. i'm going there, president trump is our president. i support the republican agenda. he supports the republican agenda, the things we've been trying to do, less taxes,
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repeal, obamacare, get a new tax reform package put together. repeal dodd-frank. veterans administration reform. all these things we're working on. i support those things. this president supports those. i will be there. stuart: speaking of nancy pelosi, former speaker pelosi, senator cory booker, they want to remove confederate statues from capitol hill, all of them. what is your feeling on that sir? >> well the way i look at it is, that is trying to sanitize american history. trying to impose 21st century values on 19th century. it belittles and negates conflicts where we come from. we have come a long way. we're not perfect. we never have been perfect as a nation. we've been better than most i think. we respect freedom. we've had this tussle. looks like modern day book burning. we shouldn't do that we should recognize these individuals in the past were complex figures. we don't agree with everything they say.
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that doesn't mean, the fact in the i 19th century puts up a statue, does not mean we support slavery or raisism or bigotry. would i take kids to the statues this is complex figure. he held slaves but supported the declaration of independence for instance. these are things that are in our history. we must confront our history. not try to you are aboutry it. stuart: sir, we appreciate it you being with us. congressman andy biggs. we'll see you at the rally thursday night. >> thanks, stuart. stuart: blue apron, uh-oh, getting hit with multiple class action lawsuits. the stock is down barely above five bucks. what is happening? >> basically worries about disclosure in their filings. they're worrying that they shut down a facility that made dinners. this stock is cut in half since the ipo. within days going public, there was questions about the ability to function and continue as whole foods and amazon hooked up.
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the fact that there are class action lawsuits underway, against the stock, just act like a further boat anchor on it. stuart: the lawyers are claiming that blue apron didn't come out cleanly and fully in describing the nature of the company and the customer retention. ashley: retention rates. liz: what is called customer acquisition costs, costs to keep and hold customers within house. there is a lot of turnover. there is question about turnover of customers. stuart: why should uber go public? because it would be picked over by the lawyers immediately. ashley: public scrutiny would be huge. stuart: public scrutiny would be devastating i would have thought. liz: that's true. stuart: that is me, reason why you have a successful company going. why on earth would you want to go public? the money you can borrow against the established value of the company. ashley: why many don't go public. stuart: i think so. blue apron --
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liz: ipos shriveled this year. stuart: now you know why. by the way, dow industrials were up 130 points moments ago. now we're up 116 points. we got that. joining us now, shortly, within a few seconds, brian kilmeade. i have two headlines on football. the naacp calling for a boycott of the league, the whole league, until colin cap nick get as job. the other story a dozen players on cleveland browns, took a knee during monday night's preseason game during the national anthem. brian, come on in please, all i want to do. i like football. i want to see the game. i think i'm a fairly typical football fan, aren't i? >> say something bothered you at fox. up to you to protest at work? no. if you protest on the air that is a problem because that is not what you're paid to do. if you have a program go outside of the building, give an interview. a lot of people are unhappy with
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america, whether race relations or who the president is. they want to support a backup quarterback to can't get a job yet, a little bit because of distraction in the locker room. this is totally inappropriate, out of control, it is going potentially could be dynamite in a bad way for this league. stuart: now the tv cameras, i noticed this, were all over the players taking the knee. do you think that the tv cameras should ignore this -- >> no? stuart: not ignore it? >> absolutely not. if you're a network you have to cover the news. if you're the nfl network you may choose not to, you own that, fine. if i'm cbs, fox, nbc, abc, you have to cover what the news is. the news is 12 cleveland browns in a preseason game on a knee instead of standing for the national anthem. you are patriotic as come, most patriotic fans in sports, you have to tell your kid they're kneeling down because they don't
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like the social injustice in the country, they don't like our military events in afghanistan, they don't like who won the election, i want to find out if my quarterback will be good, if my team will be successful, if my fancy league will produce dollars for me. i'm outraged this got this big. stuart: do you think it will hurt tv ratings going forward? >> bless you. liz: sorry. >> no question. absolutely no question. now look, there are behemoth, they're mammoth, they're huge, i get it. you talk about, they were down last year, ratings down, attendance down last year, still tops. they went up after the election a little bit. what john mayer a said of owner of giants, in all my years being in this league, i never received more emotional mail about that issue, kaepernick taking a knee. if any of your players, giants, ever do that we will never come to a game again. you're hurting their business. you want to play sports and not
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make money, do it for the joy of the game, major league lacrosse. a great sport. not a great spectator sport. you have to have another job. this is your job. minimum pay is $500,000. stand up during the national anthem. complain after the game. stuart: how do you feel about the eclipse yesterday? i picked out this from "the washington post." they have got a headline that says, trump briefly glanced at sky without protective glasses. there is something similar from "the new york times." brian, that is pathetic. that is absolutely pathetic. they're trying to tell us going after trump at all costs for any reason whatsoever. >> it is unbelievable. i thought he came out, did a nice cameo. trying to avoid controversy, not going to the kennedy center. glances up at eclipse. i missed it. i forgot it. i was doing one thing led to another i missed eclipse. we survived, right? everyone survived? stuart: i looked at it, i was
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out on the street with thousands of other people. we awe looked up. the sun and eclipse went behind a cloud. you could see it very, very clearly. the sun emerges from a cloud. you equipment away, no harm done. "the new york times," "the washington post" think the president commit ad great sin. i found that ridiculous. >> i had a chance to flip around, i have this great thing called a remote. after the breaks i flip around. after the speech last night, fine tweets over weekend, lack of controversy during the day and tonight's rally, wednesday's event in vegas, very little controversial capping for donald trump. reaching back to charlottesville if it ended a second ago. anytime things good or typical they will reach for something. comments after the uss john mccain. we had no word on casualties. heard about a collision. that is a shame, something to that effect. that was 8:30.
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9:5 we found 10 were missing. they ripped him for inappropriate response with chopper in the background. trying to be less controversial like last five days. make enemies work for it. let people laugh at trivial things like that. let stuart varney point it out on his behemoth of a show i call a real franchise. stuart: right. you are so right, kilmeade. let me tell you something. brian, thanks for joining us. always appreciate it. >> see you at the next eclipse. stuart: you got it. president trump making a big policy move adding troops in afghanistan, something his former advisor steve bannon was very much opposed to. so as bannon moves back to "breitbart," will he work for or against the president? corey lewandoski joins us next on that. senator tim kaine says forget monuments of con federal generals. we should instead honor poke happens that. it is true. that is what he said. we'll be back. ♪
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♪ ashley: there are new concerns that the uss john mccain collision may have been caused by a cyberattack. now they say no. but last hour we spoke with
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fox news contributor mary kissell. she says congress needs to get involved and here's why. roll tape. >> this is really terrible timing. the u.s. navy is the deterrent in the asia-pacific region, not just against north korea, but of course against china. you have a lot of ships patrolling up and down the coast watching what the chinese do, whether submarines or destroyers or other kind of ships. so i think it was right of admiral richardson to order a pause but i also think congress needs to get involved here. we cut funding for the navy for years now. there is very high tempo of deappointments. we have to step back, and say, are we giving our sailors the kind of training and kind of equipment they need. ♪
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...and twitter, with just a few clicks. build a better website - in under an hour - with... ...gocentral from godaddy. free to try. no credit card required. gocentral from godaddy. stuart: look at this video. this is coming from kansas city. huge floods overnight. people being rescued off their rooftops. listen to this. nine inches of rain have fallen in the area since monday. by the way i was on cape cod over the weekend. on friday night, the town of or ever orleans got.3-inches. that is cape cod. 7.3 inches. that is a monsoon. in three hours. liz: goodness gracious. stuart: check the big board. we have a nice rally, way up more than 100 points. 127 to be precise.
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morgan stanley says buy. apparently some are. oil is also slightly on the downside this morning that is the state of play on the markets. republican senator susan collins from maine, she says it is too soon to tell if president trump will be the nominee in 2020. hmmm. split republican party? come on in please, corey lewandoski, former trump campaign manager. you know this really is a split republican party, isn't it? when you have got senator collins saying that kind of thing. how do you get anything done when you have a split republican party, and you have got to get tax cuts, obamacare reform, debt ceiling, and a budget and infrastructure? i don't see how you can get it done? >> it is very hard to get things done in this highly-politicized environment. but you have to remember when donald trump ran for office, many of the people, many of the pundits, many of the so-called experts said he would never run, he would never be successful, he would never be a real candidate
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and he defeated 16 republican challengers in the primary. he won 38 primaries and caucuses. he went on to defeat hillary clinton with her expertise and her geniuses around her. i don't take any weight in the fact what senator collins said being the nominee in to 20. if donald trump runs, he will be the republican nominee, there is no question about that. stuart: okay. >> but bigger issue how do you get things done in washington. stuart: how do you get things done in washington? you admit we have a divided republican party. we have a divided white house to some degree because steve bannon is gone. he will be lobbying congress and other members of the administration from the outside. you have a democrat party that has absolutely no ideas whatsoever on the important issues. it is just not an environment where you can be really confident we will get stuff done, that the growth agenda will happen? >> i have to agree with you. i look back at first eight months of this administration. we've missed opportunity now to repeal and replace obama care.
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with 52-seat republican majority in the senate, they couldn't get that done, after voting seven years in a row. i look at tax reform. we need to have tax reform. we need to repatriate money overseas. we need to lower corporate tax rate. need to double deductionses for middle class working families. that needs to be done. i hope it does. i need a infrastructure bill to be put in place. the president pledged a trillion dollars four years to get that done. we haven't seen anything done. there should be accountability at the ballot box. if that means the republicans don't follow on president's agenda which american people voted for, they should be voted out of office. >> handicap it for me. what are the changes we'll get one thing done this year apart from the budget and debt ceiling we have to get done? i understand. >> i don't think they will get the budget done. they haven't passed a budget in 10 years. what they will do, raise the debt ceiling again. it is preposterous. the american people have voted for change. raising the debt ceiling, i understand we need the full
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faith credit of united states government. how many teams can we add more money on the credit card? we have $20 trillion in debt. the american people are tired of it. we have 4 trillion-dollar a year economy. we have $20 trillion debt. we can't sustain growth of spending like this. we bring in more money than we ever have in the past, we are spending more money. the american people deserve better. stuart: corey lewandoski, well-said. we'll see you again. >> thank you. stuart: coming up, here is what we have for you, new concerns after the tanker collision with uss john mccain. the navy says it was nothing to do with a cyberattack, period. nothing. they have care -- clarified the situation. ollie north joins us shortly. inflammatory substances that cause symptoms. pills block one and 6 is greater than 1. flonase changes everything.
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stuart: that's why the stock market looks shaky. the president's standing throws his entire growth program into doubt. now trump supporters have long claimed that the president negotiating skills would carry him through. hard ball negotiation would get things done. hasn't worked out that way. now that was last week and some viewers not happy what i had to say about the president. look at this from etta. why don't you stop talking about trump? you're making things worse. every time you talk the stock market goes down.
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when you're not there, the stock market goes up. take another vacation. stay home. ouch. well i was away yesterday. took a vacation, one day, the market went up. what do you say? liz: varney effect. you're really powerful. i can feel the g-forces sitting near you. stuart: i am in favor of president's growth plan. ashley: we all are, come on. stuart: all in favor of growing the economy, returning to pass parity, please. i'm sometimes critical of the president because he sometimes shoots himself in the foot and hurts his own program with it. that is my criticism. ashley: we're all on board with mr. trump's plan, but when he shoots himself in the foot, it creates a smokesscreen and distractions that gets in the way. the problem with mr. trump's base, if you even utter what is perceived as a state they will jump all over you, you're establishment, you're mainstream media, you don't like the president. not true. comes out of frustration because we know he can do it but he hasn't even started yet.
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stuart: when you call me, moi, the establishment. liz: you are not the swamp. you are not the swamp. stuart: i'm not the swamp. liz: no. i agree with ashley. and you know, i hear what the trump support remembers saying. they're really frustrated with the swamp but there needs to be common sense to deal with the swamp. reality check has bounced on the trump voter side. i hear what they're saying. we're covering 30 years, what goes on with d.c. swamp. there is d.c. cycle of gotcha politics that the media thrives that on. the president has not learned how to play that yet. stuart: we're all absolutely right, are we not. ashley: every time. stuart: i don't have any vacation planned for the immediate future. we'll be back shortly and back tomorrow as well. got it.
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now i think it's descending into farce. look at this. trump briefly glanced at the sky without protective glasses. oh, the horror. he ignored the good advice that has bombarded us constantly. he glimpsed at the sun during the eclipse. to the post, that's apparently shocking and worthy of a public rebuke. on the editorial page of "the washington post," eugene robertson says it's time to talk about trump's mental health. really? he's just called him crazy and be done with it. wait, there's more. also in today's edition there is a breathless denunciation of the treasury secretary's wife and her reports of the fashion brands. >> she wore while flying with her husband on a government plane. the couple paid for the flight out of their own pockets, but the post reporter still finds the story bizarre. i think it's the post that is bizarre. this is not the reporting of a
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great newspaper. apparently, it is of a newspaper now owned by a leading trump critic, jeff bezos. he is the founder of amazon, he's worth close to $90 billion. what we're looking at here is a journalistic disaster. "the washington post" leads the media jihad against president trump. if readers and advertisers peel away, bezos doesn't care. he's wealthy beyond measure. but when the media descends into shallow, almost childish criticism, we all lose. the fall legislative session approaches. we need a media that dissects infrastructure, health care and growth. we don't need silly little pieces about a glancing at the sun or the clothes of a treasury secretary's wife, and we certainly don't need dangerous and unfounded speculation about the sanity of our president. the third hour of "varney & company"'s about to begin. ♪ ♪ i can't no, hey, hey, hey --
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[laughter] stuart: well, i can't get no satisfaction out of "the washington post" this morning, and that's a fact. satisfaction? look at this. the dow jones industrial average up 131 points, 21,835. a lot of green on the left-hand side. staying on your money, morgan stanley says buy the dip. however, goldman sachs says this recent dip is not the correction we've been waiting for. you've got to wait some more. look who's here, new york times best selling author of "the american mojo: lost and found," his name is peter kiernan. he's with us this morning. so have we not gotten to the dip yet and should watch out for it, or should we buy the dip we've already got? >> the guns of august, right? everybody's looking for when you buy the bottom, and you will not
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find it. i think there's plenty of room for the downside here, but i wouldn't worry too much, because the two or three things that drive a market are good. global growth, great. japan, italy, many places growing base metals, coppers up 20% this year. stuart: yep, yep. >> these indicate continued growth. how are the earnings in the united states? not too bad. a little mixed this quarter but still very strong. these are the things that drive a growing market. stuart: so a lot of our viewers invest in indexes, you know, they'll buy the dow, the s&p 500, the index. >> yes. stuart: it's a safe way of buying a broad cross-section of stocks. and your advice would be don't sell, don't get too worried, we're still on track to go up some more. i don't want to put words many your mouth, but is that what you're coming from? >> let me amend it slightly, i'm not so hot for the indexes right now. i think if people have the capacity to pick and choose, to find things they like, they
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might do a little better. and suddenly we're seeing people doing better by buying great stocks like a boeing, which we've talked about. stuart: mentioned a lot. >> there are some marvelous pullbacks that are occurring in the tech space, for example, and i would look for any type of washington wave that rolls over the market like it did when cohn, gary cohn might be leaving. that is a buying opportunity, because the stock market does not respond to staffing changes at the white house for very long. so any dip on that, that is a buy. stuart: you've got a strong stomach, peter kiernan, and that's a pact. >> i think it's an opportunity. you should be looking to buy when everyone's selling. that's when smart i viewers are looking where are the places to buy. stuart: our own blake burman is saying president trump is going to make a more public push for tax reform, and he may start at tonight's rally in arizona. we've been saying that, you know, he needs to barnstorm the
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country, get out there and sell tax cuts, and he might do it tonight. you thoroughly approve of that, i think. >> i do. and i think if you take a page from reagan's book, he did basically nothing else when he was trying to get tax reform. it was in the sixth year of his presidency, and he went out and was a barn burner for that kind of tax reform. i think president trump has to do it now. one of the things that's got to happen here is that the market having some hope about things like debt ceiling and budgets and tax reform more based on the president's policies. and what i mean by that is what is the republican party going to stand for in the next four months. are they going to get something done. modest, but something. is that what the -- stuart: do you think we take off if there is a solid sign that, yes, we will get tax cuts, infrastructure, we'll get something? does the market take you have off? >> itic it is a -- it takes off. right now the things that are driving the market i don't think there's a lot of washington change baked into the market right now. the expectations are very low.
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so if they are beginning to think things like this trillion dollar infrastructure spend that trump has been talking about, the president, or tax reform or some new, fresh regulatory relief, i think that combination would have a stunning effect on the market. stuart: okay. welcome to the show, everybody. see, we've got it for you. all right, you wrote the book about doing business in china, chinese business. >> yes. stuart: not going to name the book you wrote, because there's a nasty word in the title, if i recall. >> we can move on -- [laughter] stuart: there are reports that a chinese company, car company is thinking about buying the jeep brand. and taking it off fiat chrysler. what do you say about -- >> well, let's look, it's an exciting concept. they have not made the offer. i'm not sure i approve of the way they're doing it, but what is the fastest growing market in china right now? suvs. from none a few years ago to nine million sold. that market alone is up almost 50% in one year. so the fact that somebody who
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sells a million suvs, which great wall does -- by the way, their sales outside of china last year were a whopping 17,500 cars. stuart: that's it? >> that's it. so would there be in this number seventh ranked car company in china a huge, quantum leap if they were to buy the crown jewel like jeep? yes. would there be competition? there might be competition for jeep. it's a marvelous global name, and i don't think that fiat chrysler's just going to part with it like that. but i can see very much why great wall would like to do it. stuart: i'd like to see a bidding war. stay there, you're with us for the hour. thank you, peter. let's get to my editorial, top of the hour. katie pavlich is with us, town hall editor and fox news contributor. katie, i say "the washington post" is descending into farce. now, that may be a little strong, but i said it -- >> descending or are they already there? [laughter] that's the question.
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stuart: after today's performance those three articles i highlighted, i think they're there already. >> i think i want to hone in on the article you mentioned about them questioning president trump's mental health. now, do we remember when it was completely out of, out of the question to even, you know, think about hillary clinton's health even after she had passed out at the september 11th memorial and hidden her records and didn't want to talk about her health? she was running for president. that was completely taboo, but here we are now and because it's president trump, we're allowed to question his mental stability without being a doctor, a psychologist or what have you. let's not also forget that they've gotten a lot of stories wrong, especially when it comes to the russia issue this year. they've put out a lot of stories that they've had to then retract that got more attention in the beginning -- stuart: but, you know, very few of our viewers know that some russia stories in "the washington post" have been retracted. virtually nobody knows that.
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>> i think there haven't been full retractions, but there have been retractions of pieces in the stories. so, of course, the initial story goes out, it gets retweeted, and then the rex, of course, doesn't get -- the correction, of course, doesn't get nearly as much attention. it's been fueling a lot of this russia nonsense, and it's because they have this agenda. once again, we've talked about this on the show before, this goes back to journalists who claim to be objective really being liberal and not honest about where they're coming from. stuart: right. that's why i say "the washington post" has descended into farce. it's not a journalistic enterprise, it is a propaganda machine for the never trump and anti-trump people. that would with be my opinion. i've got to get to the border for a second, because the president goes to the border tonight. he's going to arizona. and he's going to make a speech, i don't know what's going to be in that speech, but it occurs to me that one of the great successes of president trump is immigration, illegal flows across the border, and he hasn't done anything. it's all with words -- >> right.
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stuart: -- and advance policies that's done it. >> well, it's been with allowing i.c.e. and border patrol agents to do their jobs and not to be hamstrung by bureaucrats in washington bees with an open -- washington, d.c. with an open borders agenda. i think it's important to point out where specifically he is going, he's going to the yuma sector of the border, and ten years ago there wasn't a pence there. they had a serious problem with drug trafficking, crime, human trafficking. they put in a fence, and now 92% of people who try to cross there get apprehended, arrested and deported. so this has been a successful model where he's going to, today. it's patrolled by border patrol at all hours of the day and night, and he's going to be able to look at that model and say it has worked in yuma, it will work on the rest of the border, and we are going to get the wall done. stuart: we'll be watching tonight. katie, as always, thanks very much. >> thanks, stuart. stuart: look at this. the dow is on a nice little -- not a little rally, that's a
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solid rally. 128 points higher, 21,831 is where we are. that's about 300 points away from the all-time record close. here's what's coming up for you, we found a democrat who was actually commending some of president trump's comments last night. he joins us shortly. but first, president trump sending maybe 4,000 more troops to afghanistan. he says we'll win. here's my question: what is a win in afghanistan? we're asking ollie north. he's next.
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stuart: president trump talking about afghanistan last night. bottom line, we stay, we're not leaving. the president's not happy about the terrorist safe havens in pakistan, and the president said we are going to win. joining us now, lieutenant colonel ollie north, host of "war stories." what does a win look like to ollie north? to stuart varney, it looks like
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white flags and prisoners being rounded up. what does it look like to you? >> first of all, stuart, he paid tribute to the soldiers, sailors, airmen and marines who have served and the families of those 20,000 who have been killed and wounded. look, the objectives are very clear; an honorable outcome, a hasty withdrawal is not acceptable. he made, identified very clearly the security threats in afghanistan are regional, not just local. he put, as you pointed out, pakistan on notice. and he said he's going to get more help from our allies, particularly inviting india -- which is going to be pressure, leverage against pakistan -- into the fight. i thought that speech was just perfect. i'm hoping that the one he gives in yuma has the same tenor, because testifies presidential, and it -- he was presidential, and it set forward the idea that we're just not going to put people in and pull people out. best of all what he didn't say,
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he didn't say a timeline, he didn't say i'm going to tell you how many troops i'm putting in, he didn't give a strategic perspective on the tactics the commanders are going to be allowed to pursue. and hopefully, there's some room in all of that for what might be done with perhaps some so covert operations that should never be part of a speech by the president. i give him an a+. stuart: we've had troops in korea, japan, germany for literally decades. are you comfortable with that kind of time frame for us being in afghanistan? because it could go on for decades. >> no, it's already gone on for over a decade and a half. and the idea that we can simply pull out -- which was advanced as an idea right from the get go by the last administration -- is one of the reasons why there was a resurgence. i mean, people forget they are listening, and they were listening last night. they were listening down there in islamabad, they're listening at all the gatherings that are taking place out there. shortly after the speech, and i was on with sean last night,
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shortly after the speech the afghan ambassador called in to his show and said this is what we've needed for years. that wasn't a setup. that all happened because they know that this is a big fight for them and, quite frankly, taliban is coming back. that's why i say i hope there's some kind of, if you will, hyper-version of what he talked about last night that allows some covert operations the likes of which several people proposed over the last several months. stuart: switching gears, are you comfortable what's going on with the seventh fleet in the pacific, this collision and the navy's now said it's got nothing to do with a cyber attack. they've cleared that one up. no role played at all. but our operations are hamperedded, surely. >> well, look, there's no doubt that that ship completed all of its sensitivity training, its equal opportunity -- [laughter] look, i'm telling you what's happened in the united states military today. commanders on the ground and at sea are told daily of all the things that the pentagon has
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demanded over the last eight years, and a lot of it is the sensitivity training. you and i have had to take some here in this business. and all of that takes time. obviously, it's taken too much time from seamanship and navigation, and they need to get back to that. that's basics of going to sea. stuart: ollie, i've got to run, but that was a very interesting and original thought with what's going on with the navy in our pacific. ollie north, everyone. catch "war stories" on the fox business network on weekends. a lot more ahead this hour. johnson andjohnson & johnson oro pay, what, $417 million to a woman who says talcum powder gave her cancer, very big story. blue apron getting hit with lawsuits accused of misleading investors before the company went public. first, though, beyonce releasing a new book. it's a sneak peek at the making of her album, "lemonade." you won't believe how much it will cost. we'll tell you price in a moment.
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you get everything on "varney & company." [laughter] ♪ ♪ got you outnumbered.
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♪ nothing i can say, a total eclipse of the heart. ♪ a total eclipse of the heart ♪ stuart: their cueing me to speak. [laughter] that was bonnie tyler's classic, i remember it from 1983, "total eclipse of the heart." why are we showing you the video? because it's the number one selling single in the country. the song topped the itunes chart yesterday because of the excitement surrounding the solar eclipse. billboard reports downloads increased more than 500% over the previous week. beyonce, now let's move on, giving fans a sneak peek into the making of her hit visual album, "lemonade." if you want to the take a look, it's going to cost you. the singer releases a $300 coffee table book. it's called "how to make lemonade." it features never before seen family photos and behind the
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scene shots, poems, essays from beyonce, audio and visual downloads, $300, please. the nfl, the league is making a big investment in china. the nfl and ten cent sports signed a three-year deal to stream games to china. actually, it's china investing in football. ten cent will will air live and on-demand streams of select preseason, thursday, sunday and monday night games all heading for china. look at that, big tech names. check them all the time. today all higher, every single one of big five, on upside by about 1% apiece. boeing, peter kiernan's story. peter kiernan's stock actually. you were recommending this thing all the way up. up again, $3 higher, 1.4%. how about ruby tuesday? remember them? they reported encouraging numbers, and they're up 15%. struggling back to $2 a share. foot locker, that stock's up
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nearly 1%, encouraging news on the sales there from foot locker. where's the price of oil this morning? i go away for three days, it was at 46, 47, this morning it is at $47. there you go. and the price of gas lean is still, i'm going to call it cheap. national average, $2.33 a gallon. not bad for the end of august, if you ask me. all right. check the big board again, please. this is close to the high of the day, up 130 points, 21,8 35. still to come, senator tim kaine says forget monuments to confederate generals, how about a monument to pocahontas instead? larry elder joins us, salem radio nationally-syndicated talk show host. we'll get his reaction to that. but first, president trump headed to the arizona. some reports suggest he'll pardon sheriff joe arpaio, former attorney gregg jarrett all over that. should he pardon him, yes or no? we'll be back. ♪ ♪
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♪ ♪
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stuart: did we put sort of a purple -- >> i think we did. stuart: -- over new york's skyline, because that was "purple haze" by jimi hendrix. of we'll get somebody, i'm sure. [laughter] check the big board, please. yes, it is a rally, and we like it. we're up 134, 21,837. that's money, now politics. president trump goes to make a more public push for tax reform, we hear. he may be pushing tax reform heavily tonight at his rally in arizona. blake burman, come on in from the white house, please. i want the news that you're going to give us on the corporate tax rate. a they're pushing for 15%, is that correct? >> reporter: president's been pushing for a 15% in his plan, stuart, over on capitol hill house republicans have a different number at 20%. both much lower than the current rate. a white house official telling me, stuart, a little while ago that, you know, while they do want 15% rate, the president does, at this point everything
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is in the hands of the committees, and whatever votes the committees can get, that is kind of how they see things going forward. got a little bit of news for you here as well, stuart, on the push that you can expect from the white house. from the president's point of view, i'm told from a white house official very possible that we could see him out on the road in the form of rallies, giving speeches, doing events, etc. and then merchandise the building here at -- inside the building here at the white house, a man i know you know very well, tony sague who has been working at treasury department, i'm told he's going to be coming here to the white house. this is being described to me in this tax reform push as an all-hands-on-deck kind of scenario. bottom line, stuart, i'm tall with people both here at the -- i'm talking with people both here at the white house and on capitol hill, they like the way things are moving, going forward. they feel good but, of course, once capitol hill gets back into session, that is when the ball is really up in the air.
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stuart: yes, sir, it is. blake burr match, thanks very much, indeed. peter kiernan with us this morning. that sounded to me like some positive stuff. a, the president pushes tax reform aggressively. b, he's probably going to get out there and barnstorm for it. and c, maybe down to 15, maybe 20% on the corporate tax rate. that's all good stuff. >> that would -- the last would be the most extraordinary. if you think about the people that are touched by a corporation, its shareholders, its customers and its employees all would benefit mightily by having a 15 or a 20% tax rate. can you imagine having a business you're trying to run so hard and suddenly you're gifted with 20% improvement in margin. that tide lifts all boats. that's huge for the markets. >> and i think the barnstorming part of this is long overdue. he needs to get out there, sell it again like he's on the campaign trail and whip up that excitement and get congress to get in gear. stuart: we're hearing all kinds of noises that that's what he will do tonight, that tax reform, tax cuts will be not
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necessarily front and center, but it'll be part of his rally, and the crowds will lap it up. let's see if he comes up with that one. we're staying on politics for a moment. doug schoen is with us. i say the democrats are running on identity politics and that they're out of ideas on the issues that concern us. that's the economy, health care, taxes, you name it. >> right. stuart: you're still democrat. >> i am still a democrat, and my attitude is that you're mostly, if not totally correct. the other thing i'd say is they're running on resistance, basically saying anything donald trump's for we're against. and, peter, to your point. all good on tax reform, but most tax reform that i can remember was done on a bipartisan basis. i think in '63, in '86 certainly, and the real problem is the majority in the senate is small enough that i think they're going to need to do a broader tent which trump's tried
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to begin to do last night. stuart: well, what would democrats in the senate bring to the whole idea of tax cuts and tax reform? what would they put on the tablesome. >> oh, you know what they'd put on the table. stuart: what? >> tax increases on the rich. stuart: well, that's not going to fly. >> well, that's exactly why you're not going to have bipartisanship. because we are so polarized and there is so little agreement between the two parties that it is going to be very, very difficult -- not impossible, but difficult -- for the president to succeed. stuart: do you think that the president, did he make an effort to unify the country in his speech last night? do you think -- you're nod manying. was it successful? >> i think it was a very good first step. look, there are a lot of wounds that need to to get healed after charlottesville. i think he took the first step. it was the right thing. he now needs to continue on that vein. stuart: can we just roll that tape of the president from last night? because i don't think we've heard enough about it. roll it, please.
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>> a wound inflicted upon a single member of our community is a wound inflicted upon us all. when one part of america hurts, we all hurt. and when one citizen suffers an injustice, we all suffer together. when we open our hearts to patriotism, there is no room for prejudice, no place for bigotry and no tolerance for hate. stuart: again, you think that workedsome. >> i think it's a good first step. it's going to take more than one part of one speech to heal, but i'm very pleased the president did it, and i think we spoke on this show last week about the president doing exactly that. so i'm very pleased that we're able to influence the government. stuart: don't take credit for what president trump said last night. >> i'm not taking credit. i'm saying you and i discussed it. i'm pleased he did it. stuart: i can take the credit. >> you should.
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i said you and i discussed it. [laughter] all your idea, stuart. stuart: all right, doug, thanks very much, indeed. appreciate it. next case, johnson & johnson. can't believe this, they've got to pay out $400 million to a woman who says she developed to varon cancer after using johnson & johnson's talcum powder. gregg jarrett's with us, fox news anture and former -- anchor and former defense attorney. johnson & johnson surely is going to appeal -- >> it'll get knocked down. stuart: knocked down because why? >> it is excessive. stuart: the financial amount, wasn't there a cause established? >> look, there have been a couple of dozen of these nearly identical lawsuits, ovarian cancer, and plaintiffs have both won and lost. why? because the science is mixed and hasn't caught up with the lawsuits. some scientists take the witness stand, for example, from the national cancer institute and say there is absolutely no
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direct cause or correlation with the talcum powder. stuart: right. >> but other scientists disagree, and in those cases the plaintiffs have actually won. but this 400,000 for one individual is excessive -- stuart: 400 million. >> excuse me. stuart: 300 million in a previous case. >> those generally get knocked down. doug knows this, he's a lawyer. that amount of money for one individual would be too much. stuart: okay. hold on a sec. we're not looking at a tobacco case, for example. talcum powder is not the new tobacco. i mean, is that pretty clear? >> it's pretty clear. here's the problem, it's a clay that's mined in proximity to asbestos which is a known carcinogenic. stuart: the minute particles in the talcum powder are somewhat similar to asbestos? >> because they're mined so close to asbestos out of the ground, the worry is among scientists that there's a mixing of the two. so some elements of carcinogenic
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asbestos get mixed in with the talcum powder x this is the thread that scientists have tried to pursue in a court of law. stuart: as a recovering lawyer -- [laughter] i want your opinion on what might happen tonight if president trump pardons sheriff joe arpaio. there is speculation that he will do that, because he's going to arizona, the home of sheriff joe. what would be the legal repercussions of a pardon, and what would be the political repercussionsesome. >> well, look, the legal repercussions -- and, actually, political together -- it's a fairly minor pardon. why? because it's only a misdemeanor. this is not the commuting of the sentence of chelsea manning d. stuart: i thought it was a conviction of criminal contempt. >> it is, but it's only a misdemeanor. six months -- stuart: criminal contempt is a misdemeanor? >> yes. the other problem is that his constitutional rights were completely violated. he demanded a trial by jury which the sixth amendment guarantees. the judge refused, and it wasn't a fully-public trial. arpaio found out about the
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conviction, the verdict from the media. he wasn't even in a court of law. so his constitutional rights have been egregiously violated. this'll get overturned on appeal. stuart suiter mittically, however, a pardon for sheriff joe would be taken as a hit on hispanics, wouldn't it? or am i mistaken? >> especially after a healing speech, this will be seen -- incorrectly, i would say, but would be seen as a return of the rhetoric to last tuesday. stuart: democrats will paint it that way. >> that's politics -- >> absolutely. >> when i spoke to the president a week ago and he told me about this and i broke the story on foxnews.com, he was very serious and sincere. and he said he would do it in the next several days, very soon which would coincide with tonight's rally. but charlottesville events of last weekend before last may have changed the equation now where he might have been predisposed to issue the pardon tonight, maybe not now. stuart: got it. gregg, thanks very much, indeed.
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i think you're staying with us briefly, i believe that's the case. the dow is now up high of the day, 153 points higher. let's bring that to everybody's attention including our radio listeners. up 152 as we speak. next, the nfl getting political again. a dozen players on the cleveland browns' team taking a knee during the national anthem. more division in the republican party. senator susan collins, republican maine, says she's not even sure the president will be her party's nominee in 2020. we've got a lot to go at, and go at it we will. ♪ ♪ potsch: you each drive a ford pickup, right? (in unison) russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck.
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potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless. gary: this puts my ford truck to shame. james: i'll tell you, i might be a chevy guy now. (laughing)
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>> i'm nicole petallides with your fox business brief. something else happened yesterday besides the eclipse. alphabet's google announced their new android smartphone software, and it is android oreo. it's their next sweet name. they've had nougat, lollipop and kitkat, so there is their latest version, 8.0. smarter, faster, securer. they have a redesigned lock screen, better battery life and new i emojis, picture in picture, so you could run two apps at once. you could be on a video call and check your schedule at the same time. so an exciting update for
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android n. the meantime, apple's latest ios 11 that's expected in the fall, you'll have more on sir sirri and a way to block notifications. parodontax, the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try parodontax toothpaste. ♪
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stuart: oh, listen to this. that huge powerball jackpot? it just increased. it is now $700 million -- >> what? all right. stuart: are we in?
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i never bought a lottery ticket. don't do it. it's the second largest in history, by the way. the cash value, okay? cash value, $443 million. the drawing is tomorrow night, right? >> i won't be in thursday. [laughter] stuart: confident of victory. >> funny. stuart: controversy, more of it, at the nfl. last night a dozen players with the cleveland browns knelt during the national anthem, and the naacp is calling for a boycott until colin kaepernick is signed. larry elder joins us now. [laughter] you've got a nationally radio talk show, that's what you do. do people call in about this, and what are they saying about it? >> people do call in about this, and they're not happy. they're not happy that you go to a football game, and out comes a civics and history lesson. people turn on the television to get away from this kind of stuff, and there's evidence that suggests last year it hurt the brand, and you have a lot more players doing it.
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i think, ultimately, the nfl's going to have to have the same rule that the nba has otherwise i believe it's going to hurt the brand. stuart: is it legit for an athlete to use their athletic achievement as a way of promoting a cause? i mean, i go all the way back to the 1968 to olympics when i believe a couple of american sprinters raised the clenched fist in the black power salute and put their movement on the mark, for example. do you think it's legit to do this? >> of course it's legit. but you have to recognize the consequences of your action. in 1968 a strong case could be made about how racist america was. you can't make that case today. for crying out loud, police shootings against blacks are down 75% over the last 45 years according to the cdc, there's a new study by a harvard economist that says cops are more reluctant to use deadly force against a black perp than a white person. -- person than a
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white person. 5,000 blacks killing other blacks last year, the number one cause of preventable deaths for young black men is homicide versus car accidents for young white men. let's talk about something that really matters. stuart: okay. i want you to define being a republican for us, please. i don't know whether you define yourself as a republican -- >> i do. stuart: okay. what is a republican? and i ask this question because president trump seems to be redefining what is a republican, and we have susan collins -- republican senator from maine -- who's saying, look, i'm not even sure that president trump will be the nominee in 2020. so why don't you define what you think is the definition of a republican. >> well, a republican is somebody that believes in limited government, believes in article i, section eight of the constitution, believes that everything else should be left to the individuals and to the states and believes in a strong national defense, believes in peace through strength as opposed to strength through peace which is what obama believed. that's my belief as a
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republican. i've always maintained while donald trump is a registered republican, he really is a populist. he's got a collection of views that make him closer to a seven frist than -- centrist than any republican president in my lifetime. why the left hates him so much is beyond me. stuart: and you support him because of his growth plan and you think he is rearranging the republican party, right? >> and he's not hillary. for crying out loud, if donald trump were a movie, i say he would have been the good, the bad and the ugly. if hillary were a movie, she would have been armageddon. stuart: steady on, steady on, okay. the debate over monuments still going on. the jefferson memorial in d.c. will be updated to reflect jefferson's record as a slave owner. virginia senator tim kaine says his state should be represented in congress by a statue of pocahontas instead of robert e. lee. [laughter] what are you saying about all of this? >> my goodness. this is all being driven by the left and by democrats. let's go all the way. let's take down every one of
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these monuments, stuart. let's put up a plaque recognizing that democrats founded the klan, democrats opposed the 13th amendment that freed the slaves, the 14th amendment that made slaves citizens, the 15th amendment that at least gave slaves the right to the vote on paper. as a percentage of the party, more republicans -- 80% versus 60% -- of democrats voted for the passage of the civil rights ax. if they really want to make sure people have a good history lesson and know what's going on through the prism of modern day sense blghts -- sensibilities, let's see how many people will go along with that. stuart: as peggy noonan pointed out when you walk around the house of commons, the house of parliament in broun, you will see a very prominent statue for oliver cromwell, the man who executed a king and installed the dismal government who failed, the statue still stands there because he is part of history. case closed. larry, i'm out of time -- go ahead, last word.
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go ahead, last word. >> another inconvenient fact, a new poll,npr poll, more blacks than not want the monuments to stay, 44% versus 41% respectively. a little awkward, isn't it? stuart: yes, it is. i'm glad you brought that up, good stuff. larry elder, thank you very much, sir. appreciate it. >> thank you. stuart: did you catch the eclipse yesterday? people flooded the streets coast to coast to watch. fox news meteorologist janice dean was there in the thick of it. she'll be with us next. >> i'm shaking, and this is amazing. i mean, unit expect it to be this awesome. i accept i don't bike as far as i used to. i even accept i have a higher risk of stroke due to afib, a type of irregular heartbeat not caused by a heart valve problem. but no matter where i ride, i go for my best. so if there's something better than warfarin, i'll go for that too. eliquis. eliquis reduced the risk of stroke better than warfarin, plus had less major bleeding
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than warfarin. eliquis had both. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily... ...and it may take longer than usual for any bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planned medical or dental procedures. i'm still going for my best. and for eliquis. ask your doctor about eliquis. ♪
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♪ ♪ stuart: don't you get sicced and tired of the good advice industry? you know, how about a weather forecaster who always ends the forecast by saying don't forget the umbrella and wrap up warm, it's going to be chilly out there. good advice -- >> i personally love going out without a poncho. what's a new drops of rain on your head? stuart: what did you say, producer? janice dean is on the show later to talk about the special glasses you need to look at the eclipse and an umbrella when you go outside.
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as promised, janice dean is with us. i mean, she's the epitome of the good advice industry which i sometimes resent. >> that was a total set up. you told me i was going to talk about the eclipse and my brand new book, but instead you come in and tell me you don't like this good news thing or prepare yourself. stuart: we've renamed the show, it's now called ambush. [laughter] seriously, seriously, don't you get fed up with the good advice? oh, you mustn't look at the sun, you've got to have those special glasses -- >> you do. you have ophthalmologists who come in here and say you're going to damage your retina -- stuart: nobody stares at the sun. >> you're right. no one stares at the sun, but when you have eclipse, an eclipse, a total solar eclipse, people are more apt to look up because it's not sunny out there, and you not going to feel the pain in your retina because there are no pain sensors in the back of your eye. and, stuart, you told me that you went out there? well, you don't know the damage until sometimes weeks -- we
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won't know if you've damaged your eyes until weeks or months from today. stuart: therefore, you approve of this headline in "the washington post" which reads trump briefly glanced at sky without protective glasses. the horror, janice, i am shocked -- >> we're going to have to check in with him in a couple of weeks or months -- stuart: i'm 69 years old, i don't need glasses, i don't wear, what's their name, contacts. perfect eyesight. a glance at the sun -- >> so it was just a glance. listen, it's my responsibility to go out there and give you good advice, and the advice is you don't look up at an eclipse because you will potentially damage your eyes. finish i'm not going to go out there and go, oh, kids, just see what happens. [laughter] stuart: and don't forget the umbrella. you know, it might rain this -- >> i don't say don't forget the umbrella. stuart: no, you don't. >> you've got to take care of yourself. stuart: now, here's some good
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advice, freddy the frog caster and the flash flood. is this good advice? >> this is good advice because, you know what? it happens everywhere on this planet. if you have rain in your forecast, if you potentially have rain, flash flooding can affect you, all right? so this is a good book for every single person -- what are you laughing about? stuart: it's not funny. >> listen, you just told me where you have a nice beach home, it rained 7 inches on friday, correct? stuart: that is correct. >> and there was flash flooding? stuart: yes. >> did you know what to do? stuart: i got out the door. >> this is good, sound advice. don't look at the sun if there's an eclipse! [laughter] stuart: we will return. >> ambush. stuart: eye sight intact, i promise. [laughter] ♪ ♪ copd makes it hard to breathe.
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stuart: this news we're bringing you as of now. there was a spike in google searches for eclipse headache immediately after the eclipse itself. on that note i will give you neil cavuto. neil: stuart, thank you very, very much. we're keeping an eye on the fallout from the president's speech last night. as you have already been hearing it is good for defense stocks. anything having to do with u.s. defense interests most notably bit likes of boeing, with a intercontinental ballistic missile contract with the united states government that could be paying handsome dividend for that company. anything boosting our defenses in light of the president's speech yesterday has been taking off. not so anything having to do, let's say with the government of pakistan. an exchange traded fund focusing on pakistani investments down 1.4%.

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