from the president. that will do it for us, have a great day, varney & company begins, stuart, take it away. stuart: good morning, everyone. it's great to be back especially when you look at the money, yes, it is doing well. dare we call this a summer rally? well, certainly extending last week's run-up. maybe investors are looking at rapid economy, it is, trade worries, not on the table today. the dow is going up another, what 100 points or so half hour from now and tech stocks, you don't believe it, they are hitting more record highs. yes, it is july, i'm calling this a pivotal month, tonight the president reveals supreme court pick, the nominee who is likely to be confirmed will shift the court towards the constitution for a generation. then president trump flies to divided and weakened europe, britain's prime minister lost

minister in charge of brexit negotiations and germany's leader struggling to stay in power. they are in no position to tick at a time to america. after that, the presidential summit with russia's president, putin. how about that? a summer rally, a president laying down the law on the international stage and return to prosperity at home. not bad, just wait till you hear the very good news from thailand, varney & company about to begin. ♪ ♪ stuart: good news, latest on the rescue from the cave in thailand, how many boys? ashley: 7, possibly 8. believed that a boy is in each of the ambulances. 3 today and four rescued

yesterday. reporting now 8 rescued. total of 12 down there plus the coach and they are racing against time. heavy rains overnight and more heavy rain expected, that could complicate things. they are trying desperately to get boys out in time. as we know the route out, 5 to 6 miles. think about that, they have a guide rope but they have to deposit air tanks along the way to replenish air as they come up. quite remarkable. over 90 divers involved, the u.s. has ground unit now there helping doing whatever they can but the time is remarkable. the boys' conditions we are told, quote, not bad. stuart: started at horrific story. buried in the cave for ten days. >> they were missing. that was the beginning of a story.

stuart: global good feeling story because 7 maybe 8 are out and worldwide coordinated effort. i have a phone call from my son in new zealand a son in australia. the whole world is gripping. good stuff, great way to start a monday. now, how about that? look at stock futures, by the way, starting friday we are going to find out if profits are still super strong, later we will see if the economy is growing at a super 4% rate, i believe it is. joining us now fox news contributor scott martín, does all of that growth and profits add up to summer rally, scott? >> probably, stuart, you hit on the key point. in a matter of weeks that we start getting tech earnings which don't forget have led market up this year, i think that's really the next catalyst. we have seen stocks and that is my guess as next leg up.

stuart: it's got to be 20% up on profits from the same period last year. that makes profit super strong, that's the benchmark, is it? >> yeah, absolutely. also i think guidance too, stuart, looking forward a loft the tech companies are going to report what i think increased guidance, optimism, another reason to expect higher prices because of the fact that, yes, 25% up last year and guidance going forward, should be very strong. >> i think i've got the big name tech companies premarket today, almost all of them are very sharp, well, not sharply high, apple, amazon, facebook, microsoft, all of them on the upside. again, they must keep reporting huge profit gains otherwise they lose their position at the moment. is that right, scott? >> i agree, here is the thing. let's just say the companies stumble, let's say apple or microsoft, that's an opportunity for you investor that may hold a lot of cash looking for a market

dislocation, if the stocks pull back, i would use the opportunity to get in. stuart: okay, we are watching it. scott, stay right there. more for you in a moment. premarket, big tech up again. politics, president trump leaves tomorrow on world wind tour, meets with theresa may and venn summit with vladimir putin and james freeman, wall street journal editorial board kind of guy. >> yes, sir. stuart: yes, you are. europe is a mess and president trump holds a lot of the cards and we go there in a position of strength, what say you? >> i think so. certainly the u.s. a very strong economy and where as europe is slowing down lately. we have obviously, this is a security summit, the nato is defense alliance that's what they're meeting in brussels for, but i think the economic issues are obviously closely related to

that and i think they were hoping for good news on maybe people starting to come together on resolution of trade fights. stuart: that's important, james, because the germans really hate these tariffs that we are going to place on their cars coming here. there's wiggle room, isn't there? >> germany is ready to go by the trump idea of no tariff zone, now whether the president can persuade angela merkel and german prime minister to encourage colleagues across europe to go there, i think that might be one issue in the summit we hope to see resolved. stuart: that would be a headline. james hold on there for a second, i want to segue to what's happening in citizens, americans are being warned to shelter in place. you have to tell me what this is about? liz: haiti on fire since friday, fuel raised and even though the

government dialed back on saturday, rioting and looting continued, the protestors tried to set that hotel on fire, two police stations have been set ablaze as well. the government is saying we cannot afford the 90 million a year we spend on fuel subsidies, this is a warning shot to other countries around the world that subsidize fuel for their citizens. this is what happens when you try to pull it back if you have unstable economy and unstable regime, u.s. airlines canceling flights, u.s. embassy warning americans, shelter in place right now, it's in lockdown. they did roll back increases but still rioting continues. stuart: let's get to supreme court, democrats senate minority whip, that would be dick durbin, something more important than november elections. roll the tape. >> the president is looking for somebody who will overturn roe versus wade but equally

important he's looking for someone on the court who will make sure that they rule that the affordable care act's protection of those with preexisting conditions is unconstitutional. that'll mean thousands if not millions of americans will lose health insurance because of this decision on who will fill the kennedy vacancy on the court. stuart: that's senator dick durbin, james freeman still with us, demanding that senators who are from trump-winning states especially west virginia, especially north dakota, that they vote with the democrat majority against the nominee. that's committing political suicide, isn't it? >> it wouldn't serve his purpose. if he's trying to prevent a faithful interpreter of the constitution from joining the court and persuades steam rolls, twist arms among trump-state democratic senators to achieve the goal, they would be defeated and what does he think will happen at that point?

mitch mcconnell have a bigger majority to work with to get an even more faithful interpreter of the constitution confirmed. so this is a short-term strategy to say the least. i think this is september strategy that blows up in january. stuart: sounds to me that whomsoever is dominated will be likely be confirmed as supreme court justice. >> i think so. if you look at finalists, kavanaugh, barrett, i think they impressive that would be tough to deny in terms of the senate vote. so e, yes, he will lose the confirmation vote in the unlikely event he wins, i think democrats then lose seats in places like indiana, north dakota, montana and the eventual nominee gets confirmed that way. stuart: you're smiling, the democrats are in tough spot?

>> i'm smiling, a lot of people who believe in limited government are smiling when they look at options for the president this week. i could argue some versus others but he made a great list in 2016 and that list remains outstanding. stuart: james, thanks very much, more for you in a moment. check futures back to your money briefly, we will up 100, profits are looking good, trade on back burner, up goes the market, 24,500 is where we will be. big changes to food court at cosco, close to my heart, bear with me. they are getting rid of unhealthy items like the polish hot dog, replacing with -- liz: i guess we need a fox business translator on that one. stuart: on your screens, something they are not getting rid of. liz: thank god. stuart: the 1.50 combo, 1.50 for

foot long dog and drink, well, that's the best -- liz: that's america. >> the nation's second highest court. [laughter] >> people eat there all day long. stuart: longest tease ever. that's the truth. next one, check this out, please. giant semitruck stuck on beach in north carolina, the driver blames gps, monday morning story, we will explain. liz: not the lack of road? stuart: owner of bookstore calls the police on a customer who is harassing former trump adviser steve bannon and clinton adviser tweets name and address of bookstore out there for the whole world to see. why do they do that? civility in politics is dead. herman cain coming up on that

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stuart: britain's brexit minister, the guy in charge of getting them out, he's resigned just nine months due to leave the eu, bad timing is the prime minister on the way out? ashley: she's certainly politically hurt and belief that david davis quit over the weekend because the government, theresa may's government hammered out this brexit plan that he says go way too soft. gives away too much and too easily. he was a big brexit fan, a lot of ministers within theresa may's government say, wait a minute, this is not a proper break from the eu. all it would take 48 ministers to call for vote of confidence and rumors in the hallways of westminster that that could happen and could be vote of confidence for theresa may because all of this happening just before donald trump and you know that the brits desperately want a trade deal in life after the eu on may 29th of year.

stuart: perfect timing for president trump's visit, it really is. protestors confronted senate majority mitch mcconnell, he was leaving a restaurant in louisville, kentucky, chanted abolish ice, no justice no peace. very close, all this weekend bookstore owner in richmond, virginia called the police on a woman who told steve bannon he was a piece of trash. then former clinton aide shared the contact information of the bookstore. here is the tweet for the contact information obscured, in other words, get out and harass the bookstore. joining us herman cain, herman, i think that backfires on the left because i don't think americans like this, what say you? >> i also believe it's going to backfire and i'm glad that the former clinton aide tweeted out the name of the bookstore so i can send the bookstore owner a thank you note for calling 911,

that's what everybody should do on their own cell phone if they get harassed and business person has right to say, leave my customers alone. stuart, it also backfires with the with respect to democrats' outrageous democrat because it sus not offset the administration's results, it's toxic because the democrats have nothing else the offer. stuart: do you think there's a parallel with the 1960's and i'm old enough to remember, i have no idea about you, herman, i remember it very well, the left took the violent protests to the streets and i think it backfired against them because richard nixon, republican, he won landslide victory in 1972, is there a parallel between then and now? >> i don't think so, stuart, and here is why, back then some of those demonstrations were

protesting laws that needed to be changed or enforced. today they are protesting empty outrageous rhetoric. for example, i don't need to consider abolish ice a movement, it's not. it's just rhetoric, just like the wall street, it was rhetoric which ultimately ended up and i don't see parallel on what happens in the 60's. yes, people have a right to demonstrate, but demonstrate on something that has merit and what they are demonstrating and protesting about has no merit or meat. >> tell me about supreme court nominee. we don't know who it's going to be, it's down to four finalists. i'm told that there's a very, very strong likelihood that whom so every the nominee is, will be confirmed, what say you? >> let's start with the second part, i believe that they will be confirmed also for a number

of reasons, the number of republicans even though they have a narrow majority, but there are democrats who do not want to risk being voted against in november. but in terms of the four candidates, i don't often quote senator lindsey graham but i think his metaphor was perfect and that is, it's like having four lottery tickets and every one of them is a winner, the president simply at this point cannot go wrong. and the democrats' attempt to block whoever he nominates, i don't think that's going to succeed in the long term and not going to succeed as far as blocking the nomination. stuart: you know, herman cain, you have a way of going straight at it, you just do, illuminate the issue so well. good stuff. >> thank you, stuart. [laughter] stuart: thanks very much, indeed. appreciate it. let's get to more good news, this is your money working for you nicely this monday morning. we will go up 100 points for the dow industrials. i've got what might be called a

warning for banana lovers, your fruit may be endanger of goingics ting, i think that's pure hyperbole, the script says it. scientists scrambling to save the world's banana crop from the devastating fungus. i will leave you with that. liz: happy breakfast. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

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stuart: i think we've got the picture, truck driver ends up on the beach. liz: tinny town on the outer banks, the question is, the weird thing is he ran out of road and kept on driving. people say i want gps system for my mother-in-law. [laughter] liz: so he's driver of interstate truck, told local tv station, supposed to went driving south, ended up on the beach, tried to do u-turn on the beach. the guys on the area is they never follow signs an keep on driving, so he was stranded out for two hours. stuart: here is a better story, the headline again, here it is, bananas under threat of extinction. if that's not hyperbole what is?

ashley: here is the problem, bananas through africa and asia affected by the fungal infection, wipes them out. if it gets to south america, that's where the main banana production and could eliminate banana, there's a cure that comes from madagascar. i know this is interesting to you. does not appear to be affect bid the panamá disease, genetically looking at it to see whether they can figure out what it is that makes it resistant an transplant it to the main bananas. stuart: there's a problem. it's not edible. it has giants seeds in the middle of it. liz: i like hearing you say banana. ashley: i can't help it. stuart: by the way, it's not soccer, it's football.

ashley: thank you. stuart: back to the market, 100 points for the dow industrials, look at that. up 100. the nasdaq home of the techs up about 32 points, big day for technology. stay there, please, follow the market with us after this.

>> opening bell, well, it's about to ring and trade willing begin in about 10-second time, monday morning, last week was a pretty good week for your money if it was in the stock market, we are expecting a nice gain when the opening bell stops ringing and start trading which is now, here we go, monday morning, july 9th, we are up, we are running and up. 61 points, 63 points. 80 points now. 79, 80 points. there we go. one-third of 1% right out of the box this morning. we are up 100 points got it. s&p 500, where is that? in percentage terms about the same as the dow, up .4%, solid gain 10 points there, the nasdaq home of the technology stocks is that going to be up nicely, yes, indeed it is, we are up half percentage point there, solid gain for the techs, show me the big name technology companies, we show them every day because that's where the money has been going, right from the opening bell, facebook at new all-time

high. $204 a share, amazon at 17.21. apple approaching 190 again, alphabet 1160 and microsoft, don't you love it, $101 per share and i'm not retiring. [laughter] stuart: monday morning -- yes, you did. ashley webster, scott martin over there and susan li, great to see you, susan. scott, i'm starting with you again, summer rally, is it starting now? >> might be, stuart. i think the markets are telling us something and looking past tariff talk. they are looking forward earnings more than anything. a lot of the companies will deliver big. stuart: looking at tech stocks, all of them nicely higher so far this monday morning. politics, big week for president

trump, the nato summit, meeting with britain's prime minister and summit with vladimir putin, scott, i'm back to you again. i don't think all of those things, any of them has any impact on the market, what say you? >> it depends and i love that answer because here is the thing, if the rhetoric is combative, looks like we will be in some more arguments with allies, that could hit the market somewhat. if there's any good news coming out of the summit, stuart, that's probably rally here. stuart: trade, any good news on trade? ashley: we see germany doing great deals with china. you know what, f -- if mr. trump gets in shouting match, he will tell nato to pay up, 6 of 29 members paying fair share and start beating the drum again and

theresa may and goes up to meet putin, i don't see impact on the markets at all. >> priced in as you saw for china trade tariff. i feel like they were dragged into this, there might be some sort of deal given what's happening with the chinese market. liz: new nafta deal too. stuart: couldn't that be some kind of deal on autos. the germans don't taxes. liz: they see it hitting bens, automakers. you hear angela merkel, we may negotiate with president trump on tariffs here, that's the name of the game. it hits the manufacturing sector, it's a big important sector for germany and the u.s. and china. ashley: merkel too is politically wounded right now so she could benefit from a good deal for german business. she might be open to it. stuart: it's a real mess.

[laughter] stuart: check the markets, look at this. we are up 142 points right out of the gate this morning. scott, what are you buying today? >> well, stuart, we've kept cash in the sidelines,i am looking for pullbacks, if you're looking at picking up anything that have been weakness, i would look there. you're going see the names rally, they are falling completely behind the overall market. stuart: would you be a buyer today if you were in market? >> a tough second half as you know, higher interest rates, trade disputes and, you know, it's hard to pick -- i would say. stuart: 4%. >> interest rate increases, it's been priced in that you've had stelar earnings in first second quarter, so, yeah, it's going to be tough, name-picking market.

stuart: are you taking issue with my summer rally susan li? >> i like the idea, optimistic, hard to execute i would say. [laughter] stuart: okay. >> i'm not saying he can't. stuart: please look on your screens, ladies and gentlemen, for the benefit of radio listeners i will tell you now we are up 1612 points. it is july 9th, it is summer. liz: it was supposed to be slippery market as alan once said, look at this, look at the market, up triple digits. what's the with the nay sayers saying it wrong again. not you. i meant last week. stuart: and gas, not much movement. i've been away at a week and a half. 2.86, national average right there. mark zuckerberg is the third richest person, he just passed

warren buffet according to bloomberg billionaire's index. i'm looking at top three, bezos, gates, zuckerberg. liz: here is the thing, what will hurt facebook millennials not going to site. right now his apology tour seems like it's working. >> one of the most downloaded apps can you believe it or not? they have a lot, whatsapp, instagram, i mean, this is a strong balance sheet. stuart: $205 per share as we speak. interesting, top three people in the world in terms of wealth, american technologies, that's where the money is. extraordinary stuff. by the way, twitter they reportedly suspended 70 million fake or suspicious accounts in may and june obviously cracking down -- the stock is down a point, down a buck on that, is

that significant? >> they are saying it won't have impact on user count. >> give back a little bit. stuart: i remember recently when it was in the 20's, now in mid-40's. let's discuss netflix getting rid of user reviews. all right, scott, what does that mean and why should i care? >> well, you shouldn't care because if anybody is reading those reviews and picking content off of that. i like rotten tomatoes, to me, stuart, they probably didn't want a lot of the negativity maybe surrounding original content which is very good, by the way, so you can find plenty of reviews other places online when it comes to shows so this probably doesn't really matter. we do own netflix, by the way. stuart: you are doing well, son. drug maker tebe, moving headquarters from pennsylvania,

amazingly it's going to new jersey. liz: 40 million in tax incentives. stuart: thank you. liz: over 10-year period. stuart: not that much. high-taxed state. >> phil murphy looks good. he moves to new jersey. he has business investment. stuart: first she questions the summer rally and now new jersey is great with the new governor taxering the hell out of everybody. be very careful. [laughter] stuart: they are down 5 cents. here is the news of the day, cosco's food court menu gets healthier but you can still get a hot dog and soda for a buck 50. [laughter] >> i love it. keep all the good stuff. stuart: look, i'm familiar with

cosco. ashley: i'm sure you are. liz: eat there every day. >> does anybody go there for food? stuart: scott, you know what i'm talking about here, you go to cosco lunchtime and samples all over the place, and then you go for a buck 50-foot long dog and drink and you walk out of there -- liz: 4,000-dollar tv. >> i would fill up on the samples, guys, if you're going for buck 50, i think you have other problems. stuart: investors are with me, cosco is up. okay. i've got to say thank you very much scott and thank you, indeed, susan. >> you're welcome. stuart: because you don't like the summer rally -- [laughter] >> it's okay. i'm invited back, right? stuart: guarantied. by the way, look at this, this is a summer rally, the dow is up 193 points. .79%.

24,651. not bad. a jet blue crew comes to the rescue of a french bulldog which was struggling to breathe on board a flight. the story has a happy ending. we will have it for you. president trump will announce his pick for the next supreme court justice tonight. that will be at 9:00 p.m. eastern. he's narrowed it down to four possibles, judge napolitano will tell us who will get the job, yes, he will, that's next. you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. i never thought i'd say this... ...but i found bladder leak underwear... ...that's actually pretty. always discreet boutique.

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call for a free kohler nightlight toilet seat with consultation, or visit kohlerwalkinbath.com for more info. stuart: look at that, 200 points or just about, up for the dow, 24,650, up about .8% as we speak. watch out, cvs and walgreens amazon already undercutting some drug prices on what, nicole,

tell us, please. >> we are talking about things that you buy regularly, allergy tablets, acid pills, hair regrowth treatment, the regular basic everyday things that people use and amazon has its own line basic hair which started last year with 35 products, up to 65 products and jeffrey's analysts that look at this, said these are 20 to 22% cheaper than walgreens and cvs. over all people would like, 54% are happy with their deal with pill pack which we talked about last week, many would like to have amazon physical presence for some of the health care products but you could see right now cvs is up 2 and a half percent. stuart: by the way i'm user of all of the cheaper products from amazon, yes, indeed. [laughter] stuart: i will leave it at that,

okay. serious stuff now, a warning from the pope on the environment. what is he saying? liz: reforms of predatory consumerism will turn to world into a pile of rubble, desert and urging world leaders to sign on to the paris climate accord, urging imf and world bank to take action. this comes soon after he met with oil executives to stop climate. not on the list oil executives certain companies from russia, middle east and venezuela. they were not at the meeting with the pope. stuart: judge, you can't make it up. just introduced himself. [laughter] stuart: purely political statement, i'm sorry, that's what it is. >> is politics part of area of competence? stuart: you should know, you're a practicing catholic. >> i am, sometimes stumble over things that come out of the holy father. stuart: okay. i will move on.

>> okay. [laughter] stuart: president trump tweets about the supreme court, here it is. i have long heard that the most important decision the u.s. president can make is the selection of supreme court justice. will be announced tonight at 9:00 p.m., that will be eastern time. judge napolitano is here. who gets the vote, who is it? >> he certainly knows how to build drama. i have said this publicly before, i have been involved in some of the cross currents over the weekend and lobbying has been for certain candidates. as of the time i went last night, i haven't gotten anything new, i believe the president has narrowed the four down to two. kavanaugh, amy barrett, judge kethledge and judge hardiman down to kethledge and hardiman. stuart: that's it? >> yes, and i will tell you why, mitch mcconnell has said, i can get these two through the

senate. i don't know about the other two because they are both lighting rodríguez for better or for worse, they are perceived as lighting rods on abortion. you want us to go through this, we may have trouble. that has resinated well with the president as well judge kethledge is almost the twin, if you will, ideological twin and personally of justice gorsuch. they really are the same in many, many ideological and intellectual aspects of life and work. stuart: now, if either kethledge or hardiman were to be on the supreme court, a lot of people say that that would endanger roe v. wade and gay marriage, would it? >> i don't think so for two reasons. the chief justice john roberts who rejects the idea of the juris prudence of the court changing just because there's been an election would probably vote to retain -- even though

he's practicing catholic would vote to retain voa we are -- row roe versus wade and believes the legacy of the court and the credibility of the court will be radically diminished if looks like it's following election returns rather than following constitution. stuart: you get the new supreme court justice installed and roe v. wade is gone. >> jeff in the network where you once worked? stuart: yes. >> i disagree with him on this. i know that chief justice and the chief justice just everything in his being is against the concept of we are going to change something just because the electorate has changed the person who appoints us. stuart: that also means that

obamacare stays? >> unfortunately yes. you know, the chief justice and justice kennedy had a shouting match with each other the day -- i told you this, the day before the obamacare decision came out when the chief justice changed mind and said, let the electorate choose a new president and they'll undo obamacare, it's not for us to undo it. i think it's unconstitutional but it's not for us to undo it. that's his attitude. stuart: so no matter who it is at the end of the day, this court is set on a slightly more conservative route in the next generation? >> yes. stuart: no matter what? >> that's good news for property rights, good news for gun rights, it's bad news for the administrative agencies like the epa and the fda and sec who will no longer be given a foot up like in the past. they'll be just like anybody else that litigates in court.

stuart: constitution rules? >> yes, hopefully, stuart. stuart: judge, we will see you again in the 11:00 o'clock hour. >> you've got it. stuart: fox business has coverage 9:00 o'clock eastern time fox business. check out the dow industrials, we are up almost 200 points after about 30 minutes worth of business. 20 minutes, i'm sorry. forget the world cup, who wrote that? [laughter] stuart: that could be one of the great sporting events of the year, tiger woods versus phil nikaulson, the grand prize 10 million bucks, we will tell you all about it after this

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stuart: news on money this morning is good, we are up 186 points, 23 minutes into the trading session this monday morning. please look at this, facebook for the benefit of radio listeners, facebook at 204, 38 per share. it was at 205. record high this is monday morning. next case. phil nikaulson that winner take all match with tiger wood is accurate. he did not elaborate details on

date or location. jared max is here. well, you think this will be interesting? jared: stu, i wish this was 5 or 7 years ago, you have to go back to 2013 to find the last time tiger woods won and before nick -- nikaulson but this is different, 10 million-dollar purse. even phil says this is big enough money to make it interesting for both of us. i tell you what i would leave to see, they'll be micked up -- micked up. what about a goofy idea, sponsorships with major corporations, hey, phil, 100 facebook shares, this one is worth one berkshire hathaway

share, i'm just thinking of ways to make interesting, oh -- golfers that haven't won lately. i think it's big for golf fans, that is who will get pulled. i can think of other match-ups to see. basketball, let me see larry bird and lebron james against michael jordan and magic johnson. stuart: wait a second. do you approve of tiger versus nicholson? jared: feel like i have to see rocky fight apollo creed again. we don't have to pay a dime for it. i don't think pay per view is the way to go on this one. stuart: you will tell me who will win the match? jared: maybe we can make a met.

stuart: i don't gamble. >> jared: a couple of facebook shares. stuart: who is going to win? >> i will go with tiger. phil is breaking rules these days. stuart: i hear, jared, you're all right, we will see you after the match. good stuff. then we have this, steve bannon, mitch mcconnell, both harassed over the weekend because they're tied to president trump. personally, i don't think the strategy of harassment and intimidation will end very well for the left, my take on that, editorial on that coming up next for you. metastatic breast cancer is relentless, but i'm relentless too.

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stuart: steve bannon, mitch mcconnell, public officials connected to president trump, both harassed this weekend as they wept about their private business. urged on by maxine waters, the

hounding continues. the left is doing this i don't think it ends very well for them. for a start, it demonstrates their impotence there on the sidelines making a lot of noise but exercising very little influence. their violence and ugly confrontations push them out to the fringe. america doesn't like to see a class act like sarah huckabee sanders driven out of her family dinner. we don't like it. it is reminiscent of the 1960s. 50 years ago the country was divided. passions ran very high. the left took to the streets. violence went public. the country didn't like it. in 1972 richard nixon won a presidential term in a landslide victory. he had appealed to the silent majority who voted overwhelmingly against public violence and intimidation. does it seem like that now? antifa thugs shut down free speech. ordinary, decent people attacked for supporting president trump. ugly confrontations.

no democrats, the democrats try to just keep this going. hillary clinton aide, tweeted out the contact information of a bookstore owner who had called the police on a woman who was harassing steve bannon. the left is so angry at all things trump. they can't see the damage they're doing to their own cause. tonight, president trump reveals his supreme court pick, no matter who it is the left will react with public rage. tomorrow the president heads to europe. massive, probably violent demonstrations are guaranteed. it will be a tantrum of global proportions. it will help, not hurt our president. he feeds on their rage. the democrats move further down the dead end street called socialism. the second hour of "varney & company" is about to begin. ♪ . solid gain on a monday morning.

summerallly maybe? look at that we're up 193 points. 20,649. big tech, look at it go. facebook another all-time high. actually reached $205 this morning. apple coming in at $190 a share. one of the big guest gainers of all the dow 30 stocks. caterpillar bouncing back today. it has been down more than 5% since may. it is up, 2 1/2% right now at 139. that is caterpillar. look at tesla. reportedly raising prices on its model x and s cars by over $20,000 in china. it is one of the first automakers to make price hikes because of tear i was are. the stock up two bucks at 310. netflix, barclays raised 9 price target of $450. it aimed for 370.

passed sometime ago. now they're looking for 450. the stock going up today. i want to bring in our old friend jeff sica, circle squared alternative investments. i have this tone of voice addressing you these days, zika, you usually pour cold water. before you say a word will you pour cold water on my idea of a summerallly? >> yes i am. to me this rally is kind of, i love coming on when the market is up 200 points. this so-called rally, which is up about 5% from april 2nd, here's the issue i have with this we have incredible economic news and we have a market that is up about 3.2% year-to-date, which is okay, but it is not as good as it should be, which is showing me that a lot of the momentum is out. why the momentum is out. there are some legitimate

concerns about the trade war which had just started and has the potential to get very bad. primarily because the consumer is involved. stuart: so you think that the trade issues, and i'm hearing some microphone wobbling in my ear, is it you, sica, are you doing this? somebody is doing it. is it you, london? >> i don't think so. stuart: we'll fix it. the trade issue suppresses the market rally? >> it does. there is a lot of uncertainty. the problem with this trade war is that now that it has begun to accelerate, now that the number gets greater and greater, there is concern it will slow down small business profits, it will lead to some serious issues with the consumer. stuart: fair point. i will break in because i have breaking news. boris johnson quit the british government. big deal? ashley: this is the next domino

to fall predicted, boris johnson, was a leader of the campaign to get britain to get out of the european union. he is under pressure, david davis, the secretary of "brexit" quit. they're not happy with the way prime minister theresa may, they're upset it is extremely soft "brexit." giving too much power to the eu legal issues and trade issues and border security. how many in our cabinet revolt and ask for a vote of confidence, if that happens, she could be on very shaky ground. stuart: president trump is scheduled to meet with her. she is losing support of her cabinet. she could be out of power relatively quickly. ashley: depends how quickly this moves. we knew that boris johnson was under pressure to quit. stuart: puts president trump in stronger position because the

brits are so weak. liz: comes quickly after the david davis recognition. stuart: on heels of it. herb london is with us. you heard the breaking news. >> i did indeed. stuart: my analysis it makes trump stronger when he goes over there. >> he becomes a lot stronger. if i were in trump's position, i would say to treasury secretary john snow -- theresa may, invite harry kaine. stuart: english soccer player. trump is in stronger position with the nato positions. >> in stronger position with theresa may because of her internal weaknesses. stuart: talking about the brits, they desperately need a trade deal with us. >> that's right. stuart: if they exit europe, that is what their plan is, they need us as a trading partner. >> that's right. that is exactly what they're looking for. they're looking for some sort of

trade agreement with the united states. i think trump will provide it. trump is very eager to move ahead with the brits, but on terms that make sense for both nations. stuart: would it be possible for the germans to move on trade as well? they don't want big tariffs slapped on their cars coming over to america? >> absolutely. i think merkel is clearly vulnerable to a very significant deal. one of the reasons why is because of her internal political weakness. as a consequence, she is looking for some sort of arrangement that would boost the german economy. stuart: so here we have our president, going to europe, meeting with nato, meeting with theresa may. ashley: yep. stuart: i think he is in extremely strong position. liz: he is. to ashley's point, what theresa may was saying, she was trying to get uk to move closer to the eu trade deals and abiding by eu deals, but britain would have no position of power to change or influence those rules. this comes after the president

said to the g7, why not a tariff-free and barrier-free trade zone between all of us. eu struck that deal with mexico in april. why don't we do that? stuart: right. liz: he comes in with a brand new focus how to look at trade deals at a time when now theresa may, her political future is now in jeopardy with the abrupt resignations of boris johnson and david davis voice. ashley: theresa may campaigned against "brexit" she was very anti-"brexit." >> if trump can put together some sort of arrangement from merkel and may, become as leading figure in europe. ashley: agreed. stuart: we still have jeff sica with us, telling us this market rally is suppressed because of concerns about trade. look, i'm speculating wildly here obviously, but any kind of trade deal between america and britain, any kind of deal on auto tariffs with the germans would be very good news for the

market, wouldn't it? >> yeah. i think especially considering the auto market, the fact we import 44% of the cars in the u.s., yes it is very important. trump, one of the things i do agree with president trump on was the fact that we needed to renegotiate all of our trade deals across the all borders but is this right way to do it? tariffs ultimately will hurt the consumers. especially in europe, if this tilts to one end, the consumer in europe is not as resilient as the consumer in the u.s. that could be problematic. stuart: okay. the dow industrials still up 183 points at 24,640. you got that there, son? okay. herb london, after europe, our president goes on to helsinki for the summit with president putin. now these develop that we were just unraveling about europe does that put the president in

strong position vis-a-vis the russians as well? >> to some degree it does. you have to remember dealing with a kgb agent culpable of using something on the two brits and maybe three or four. the president has to lay the line on putin. on other hand he has a lot to offer. if crimea is one of the issues, the president can say we're perfectly willing to avert our gaze on this matter. this is a fait accompli. we're looking to see whether in fact you can play a role with iran. we want you to peel off your arrangements with iran. that would create stability in the middle east. stuart: so, i'm looking for the big picture here. our president goes on a trip to europe. then he goes to meet putin in one-on-one summit. it seems like the tide is in his favor. it is in america's favor at the moment, especially, bearing in mind the strength of our

economy. >> i don't think there is any question about it. the european economy has been in the doldrums now for months. there is no doubt they are looking for a shot of adrenaline. my judgment president trump can provide it. stuart: okay. i want to check that market. we have all this breaking news. primarily about the brits, i realize is tangential to america i got that, but britain's foreign minister, boris johnson has resigned. liz: that could be fatal for theresa may. the ftse is going up. stuart: why would their stock market go up? liz: could be a positive,. ashley: doesn't make sense, earlier the pound was sinking because of a soft "brexit." there were concerns britain was giving up too much. this is interesting. what happens now whether the members within her cabinet decide to call for a vote of

confidence. there is cabal meeting late today of top conservatives. if enough decide we need to call for vote of confidence, theresa may could be on shaky ground. liz: mood of crisis of theresa may's government is overwhelming. second cabinet minister to resign in 24 hours. this could be fatal to her future. stuart: nigel farage, he is close to president trump, am i right in saying that theresa may, the prime minister, said to farage, don't go talking to trump? ashley: farage says if it carries on like this i will get involved. this is nowhere close. the "brexit" vote was 25 months ago. that was over two years ago. they're only just now hammering out a plan, a plan that many members in her own party don't like because it is too soft. it is not a big enough break from brussels. stuart: for benefit of our brewers, we don't honestly

believe events in britain are that important to events in america, and certainly not to our markets but here is example of real chaos over there which makes our president, who is about to go over there look pretty good. certainly look very strong. ashley: he timed this perfectly. he quit 30 minutes before theresa may is to speak to parliament to explain to the plan over the weekend. >> brits may not mean that much to the american economy but the american economy means a lot to the brits. stuart: exactly. they desperately need a trade deal. >> exactly. stuart: this pushes them more and more to a deal with us. president trump himself is wildly unpopular with many sections of the british population, british voters. >> yes. stuart: so here they need us but they don't like us. >> i think they love americans. they may not like the manner, the style, of trump. that i think is what is holding back an awful lot of positive

sentiment when it comes to donald trump. but as far as policies are concerned, he has been quite remarkable. in the direction which he set the country. on tariffs and variety of other things. may not be so bad. stuart: don't forget, it was the "brexit" vote as you said, 25 months ago. ashley: 25 months ago. stuart: made a lot of people think, what about trump? the "brexit" vote was so surprising to so many people. ashley: yes. stuart: the donald trump the candidate was saying somewhat similar things about immigration. >> was, sure. stuart: then he was elected. there is continuum here. "brexit," trump, political chaos in britain. resignation of boris johnson. it is all happening, our market can, when i say the market, i mean the dow jones industrial average, no impact whatsoever. maybe it is bolstering it. maybe it is keeping it up there, because as we've been discussing, herb, there is the outside possibility of developments, positive

developments on trade. liz: dollar strengthens that means capital investment pours into the u.s. on the strengthening u.s. dollar. should be pointed out what the uk's theresa may was talking about, going in with trade deals with the eu, abiding by eu rules and regulations again, but not being able to in a position to influence or change those rules. this is soft "brexit." this is not what people in the uk wanted. super soft. stuart: british people voted to exit the european union. they want to make their own laws. ashley: they want ad clean break. stuart: they wanted the british parliament to be sovereign. we make rules for the brits. that is the way it was. ashley: on immigration, on everything. stuart: now they're backing away, well, we'll accept some european union rules, a soft departure from "brexit." ashley: why people within her cabinet, that is not going to work. stuart: i wonder what the sentiment is within the british people? liz: sentiment in the business community is confusion. financial companies in england want access to eu markets.

airbus and bmw and jaguar's land rover issued dire warnings about the chaotic negotiations over "brexit." ashley: this is good news for those who want "brexit." they feel like the lawmakers want a proper "brexit" stepping up to the plate finally. it will give a little bit of impetus it's a complete mess. the government doesn't know what it is doing. we should have a second vote. that is not going to happen. there will be a call for it. stuart: we don't want to spend too long on this "brexit," boris johnson, theresa may chaos over there, but it is having some impact over here, specifically, because president trump's about to go to europe. i think this puts him in a very, very strong position. sebastian gorka, are you there? >> yes i am. stuart: good man, sebastian, gorka, thanks for joining us on very short notice. my position is the resignation of boris johnson and chaos in theresa may's cabinet and

troubles for angela merkel put our president, president trump, in a much stronger position as he heads to europe tomorrow. what say you? >> no, i think that, that is going to be of the minority opinion but i think it is the right one, stuart. something has to give the british people chose to leave the european union. they have been led merry dance by establishment politicians. unfortunately theresa may has been part of the problem. we have all kinds of strange manuevers to slow it down, to put log jams in the way of leaving the eu i think, this brave move by boris johnson, who has a very good relationship, it should be noted with the president, boris and donald trump get on very well, this strengthens this idea that the political elite are a swamp, whether they're in d.c. or whether in brussels or whether

they're in london. yeah, more power to the elbow of those people who say, let's have our sovereignty back, whether it is in the eu or whether it is with regards to the eu or whether with regards to american politics. stuart: sebastian, i want to ask you about the possibility of some kind of a deal on trade. the brits desperately need a trade deal with america, and i suspect that the germans would like to get rid of any idea of tariffs on their cars coming over here. is this now opening up as a possibility tore some positive stuff on trade with europe? >> well there was a very, very interesting story floated i think it was by the express just yesterday about rumors of some kind of a completely new free-trade agreement between america and the uk. we have always had a special relationship. there is a, i can tell you, there is a soft so the for the uk in the president's heart. so, i think, you know, this is

what the president does. he disrupts the international and the domestic order in positive ways that are good for the american citizen. i think, the sky's the limit. the timing of his visit, the nato summit, then the uk, then finland, and the meeting with putin, the president has all the cards that he needs. stuart: got it. sebastian gorka, joining us on very short notice. we appreciate that, sebastian. thanks very much indeed. herb london, thanks for being here. appreciate your input. >> always a pleasure to be with you. stuart: thank you. no summer doldrums here. lots to cover on monday edition of "varney & company." coming upstate state -- up, secretary of state mike pompeo finishing two days of talks. pompeo says it was productive. are talks breaking down? we're on it any way. college students asked to

give the opinion on president trump's pick. calling it racist, has extremist views, except the person hasn't been chosen yet. seeing it on your screens. study after study automation will kill jobs. we have someone who says that is just a scare tactic. robots will compliment our workforce, not replace it. he will make his case later this hour. ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia.

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i'm 85 years old in a job where. i have to wear a giant hot dog suit. what? where's that coming from? i don't know. i started my 401k early, i diversified... i'm not a big spender. sounds like you're doing a lot. but i still feel like i'm not gonna have enough for retirement. like there's something else i should be doing. with the right conversation, you might find you're doing okay. so, no hot dog suit? not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. stuart: all right president trump will make his pick for the supreme court, make it public tonight, however, just listen to some college students already getting upset without knowing

who the pick is. roll tape. >> what is your reaction to the justice that he nominated today? >> i'm honestly not surprised by his choice. that is worse for us. >> i just saw the tick, i was like, it is almost at a point where you kind of expect, it will not be what you want. >> he is quite, you know, extreme in his views. and i don't know if it would make the supreme court very even. >> i see it all over the news, he is like, racist. stuart: oh dear. the man who is doing interviewing there is cabot phillips. he is campus reform.org director. that was really cool stuff. >> cool. some people would call it terrifying. stuart: you obviously edited it. did any of the kids you interviewed say wait a minute he hasn't been picked yet. >> one student said i'm not aware of the pick he made, so i will hold off making assessment. stuart: only one. >> only one. that is the smartest.

i will go out and say president trump supported oxygen and they will be against breathing. stuart: you have done this before, on assumption they know who has been picked or know the situation, who we don't? >> we did a similar video campus reform, asked about the state of the union address two nights before it happened. they said it was worst state of the union ever given. this is result what college students told in class every day that trump is horrible, see it on mainstream media, conditioned, they feel pressured to go against anything to do. they know what answers are expected, second his name comes up, they feel inate pressure i hate president trump, come out against him, foreposing facts and logic this manifests itself. sad thing for our country. no one says you don't have to support president trump on everything but you should wait on the fact and be open-minded.

stuart: only one knew the pick hadn't made yet. hue many interviews did you do. >> 20 interviews during the afternoon. one was waiting to hold off. stuart: cabot phillips, doing valuable work. keep it up. appreciate it. stay with fox business. we will have full coverage of the president's speech tonight. he will announce his pick for the supreme court. neil cavuto will have covered at 8:00 eastern. kennedy picks it up at 10:00 eastern. do not miss it. important stuff tonight.

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[singing] stuart: can you imagine being, 14, 15 years old, and hearing that? ashley: that is long time ago. liz: you still can't sing. stuart: look at the market. up 221 points as we speak. that is a rally and it is moving higher still. now we're up to 23. i will repeat the big news we got up at the top of the hour, boris johnson, he is britain's foreign secretary, top guy, resigned from the british government. as a response, nigel farage, who led the "brexit" movement said this in a tweet, bravo, boris johnson, can we please get rid of the appalling theresa may and get "brexit" back on track. we have political chaos in britain just as our president is going over there. ashley: her primmship is

dangling by a thread. david davis voice and bore remembers johnson were the real "brexiteers," she campaigned against the "brexit." there could be a vote of confidence coming. the timetable is moving quickly. when does mr. trump get there. what stage will the prime minister be in when he gets there. bottom line she is weakened right now. could that mean a better trade deal for u.s. liz: theresa may was set to give a speech before parliament. the timeline was not good for theresa may. she want ad deal by october. they were supposed to leave the eu by march of next year. who will step up to challenge from theresa may. could see a challenge coming up. stuart: or a general election with a no confidence vote. ashley: yep. stuart: it is a plus for america. we look strong and they look divide and weak. president trump makes the scotus pick tonight. here is what he tweeted this morning. i long heard that the most important decision a u.s. president can make is the

selection of a supreme court justice. will be announced tonight at 9:00 p.m. that would be eastern time. howard kurtz is with us. the author of "media madness." howard the left is going to be out there with, in full-scale rage mode no matter what, no matter who the pick is, this is the media in full-scale rage mode. where am i going wrong? >> you're certainly right about the left because we know the four finalists, four appeals court judges, they're all conservative, they're all pro-life. this replaces swing vote anthony kennedy. so the attacks have already begun. in terms of the media you will see exhaustive investigations trying to dig up dirt and contradictions on whoever the nominee that emerges tonight. we've already seen some of that in recent days, stuart. i would suggest that has affected the selection process. stuart: what have you seen recently about digging for dirt? what? >> well the media somehow divined that the two leading candidates were appeals court

judge brett kavanaugh here in d.c. and amy coneey barrett in chicago. there is a lot of questions, questioning judge barrett, as a woman, optics might be good for this kind of selection, whether or not her devout catholic faith and christian beliefs could affect her judicial rulings came up at her hearings last year. with kavanaugh there is a lot about ties to the bush family. the fact that he worked for ken starr and impeachment of bill clinton. now in handicapping stories, nobody really knows who the president is going to pick, seeing more after focus, maybe it will be thomas hardiman or kethledge. these other two have already gotten a whole dose of media scrutiny. stuart: the news cycle is very, very short these days. there are cat chrisic events -- cataclysmic events hit the headlines and disappear in couple of days but do you think this supreme court nomination

that has legs that will last all the way through the summer? >> i think it will do more than last all the way through the summer. i think it will last through the fall. it will be the dominant political issue and roil battle affect midterms, putting conservative red state democrats in a difficult position, decide to go with their party, opposed president's nominee. people on republican side like susan collins will do. it will resonate for years. obviously these are lifetime appointments. no matter which will be picked, a lot of 5-4 rulings leading to conservative side of the arguments. that is no question about it. legs doesn't even begin to describe it. stuart: do you think the media at this moment is doing its job vis-a-vis the supreme court? >> i think in every administration when there is supreme court nominee you get a lot of digging and reflect debates going on among legal scholars and so forth. seems to me particularly in the case of amy coneey barrett.

on my show one of the guesses described as bigoted. there is no religious test for the appointments. think some of the coverage has gone too far. that will be on steroids, once we find out it is not just speculation or front-runner, or alternative who the nominee is for the president and high court. stuart: 9:00, we'll find out definitely. howard, thanks for joining us as always, sir. let's get to the economy and your money. earnings season begins friday. we're expecting huge profit gains. later this month, we get the numbers on the economy's performance. maybe we're going to see 4% growth. that would be huge in itself. brian wesbury with us, first trust advisory chief economist. that is a very rosie outlook on profits and check growth. are you with it? >> yeah. it is coming, stuart. i actually think you're under

stating gdp. we think quarter to real gdp will be close to 5%. so when you ad that to the two peers of the first quarter, it is 3 1/2% growth for the first half. we'll see 20 to 25% growth in profits in the second quarter. a lot of people don't know this, but in june, the month, the kind of the month before the quarter month ends, there are oddball companies, i don't know how to say it, they don't report on normal june 30th kind of dates. in june we had 20 companies report their earnings, oracle, fedex, adobe, they were all in this and 19 out of 20 of those companies beat their estimates. 95% beat their estimates. so, that is what i'm expecting for something close for the second quarter as a whole.

so we're in boom time right here we have over4% growth for second quarter. people are coming into the workforce. they're leaving food stamps and social security disability. wages are up. profits are up. it is best economy since 2004 after the bush tax cuts. stuart: brian, you have been saying this consistently for some time. >> yep. stuart: ever since president trump was elected, you said the boom is coming if we get the tax cuts, now we've got them. >> yep. stuart: estimate economic performance to market performance. i think we may have started a summerallly, are you with me on this, that it goes further still? >> absolutely, stuart. if you kind of think of it this way, at the end of june earnings for u.s. corporations will be 10 to 15% above where they were at the end of december.

and yet, the market is kind of been flat. it is up a little bit. but it is kind of been flat. in other words, we're even more undervalued today than we were in december, and i thought we were undervalued in december. so the pressure for a rally in the market going into the end of this year is super strong. and i think we're starting to see it right now. you know, yeah, everybody has to worry about trade and we're going to have a trade war. which by the way we're not going to have a trade war. but, people have all these worries, they have, continued that the bears continually pointed at this, that, yield curves, earnings that drive markets. strong economy, means, strong earnings, strong earnings, strongers means stock market goes up. stuart: brian, good stuff indeed. thanks for joining us. maybe the market was listening to us, we have a leg up last couple minutes. now we're up 242 points. we're awfully close to 24,700.

next case. retaliatory tariffs may be hurting our farmers. jeff flock is at a wisconsin cheese factory with more on this. those guys making the cheese there, jeff, are they getting hurt, tell me why and how much? reporter: 90% of milk that comes out of wisconsin cows is made into cheese. this is this sartori cheese in wisconsin. now subject to 25% retaliatory tariff seven selling into mexico. this is sold a lot in mexico. i put it to jeff the president of sartori, mexico negotiated a european union, you can't call it parmesan if you sale it into europe or mexico. >> we're not allowed to use parmesan in europe or mexico.

in mexico we can use parmesano spanish version. but in europe we can't have any measure. reporter: retaliatory measure from europe and mexico? >> it is. reporter: what does it mean to you? look at this stuart, thousands of gallons of milk a day from wisconsin farms and farmers. if you don't buy their milk, what happens? >> we buy 100% of the milk from 130 dairy farms. all that milk in wisconsin gets made into cheese. it need to go there. reporter: dumping milk? >> we don't want to get there, we would probably make cheese and lower the price of cheese and lower the price of milk. reporter: this county overwhelmingly voted for donald trump. they're reluctant to criticize the whole thing. you see the impact. they sell a lot of cheese in mexico. 25% behind the eight ball at the moment. stuart: you will be in the cheese factory all today. we'll be back for you, jeff flock.

that is a promise. here is coming up for you. robot revolution, study after study automation will kill millions of jobs. we have someone who says that a scare tactic. robots will compliment our workforce, not replace it. he will make his case next. ♪

♪. ashley: former presidential candidate herman taken told us last hour he does not see a parallel between angry protests now and those from the '60s. take a listen. >> back things some of those demonstrations were protesting laws that needed to be changed or enforced. today, they are protesting empty, outrageous rhetoric. for example, i don't even consider abolish i.c.e. a movement. it is not. it's just rhetoric, just like the wall street thing. it was rhetoric, which ultimately ended up fizzling out. so i don't see a parallel between what happened in the '60s. yes, people have a right to demonstrate, but demonstrate on something that has some merit and has some meat. ♪

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stuart: groupon, okay, online discount company, got it. new report says they're looking to be bought. that helps the stock. its up 5 1/2%. twitter reportedly suspended 70 million fake or suspicious accounts in may or june. the stock is down 8% on that news. switching gears, automation in the work place looks to be the wave of the future. one study says 800 million

people, including a third of the workforce in america and germany could be left jobless by 2030. that sound as little exaggerated, does it not? our next guest says the automation helps, doesn't hurt. joining us is robo global president and cio bill studebaker. so your point is, that robots don't takes job, they actually help create jobs. make your case, please, bill. >> that's exactly right, stuart. if robots are stealing our jobs, they're doing bad job of it. you have to only look at unemployment levels here in the u.s., even countries heavily automated like japan, where the unemployment rate is 2.2%. i think there is a lot of scare tactics in place when it comes to automation. i think it will be much more measured. a lot of automation occurring is around tasks, not complete job functions but clearly, robotics and ai are bringing growth.

i think it is interesting your prior guest opining on the direction of where the economy's going. we're going for economic boom to bust, from economic, sort of stall mode to elon musk rocket mode as automation is helping to really drive productivity and growth. stuart: what about those people who used to work in a factory or wherever, doing a relatively simple job which is now being done by a robot? what does that person do, he or she may not have the skills to move up the food chain and work on robots? >> i think you're right, stuart. i think our economy has transitioned around technology for hundreds of years. we've gone really now, moving to more of a knowledge-based economy from manufacturing to services, and our, our employment, our education hasn't changed. having a four-year degree is not

panacea to future. we have to learn how to learn. constantly, there are new ways to learn. but people, there will be some disruption along the way. but, generally speaking, i think this is going to bring more productivity and more growth to everyone. look at what amazon has done. amazon has actually hired an additional almost 100,000 warehouse employees as a result of automation, right? these are jobs that were seen to be taken away. actually with new demand is new opportunity. that is really what we're seeing with, with the revolution at hand right now. stuart: what about, when you have got a robot, we just had video on the screen there, i think doing somersaults, all the rest of it, what happens when you have a sophisticated robot like that, you tie in artificial intelligence, so that the robot is thinking for itself and acting for itself? are you a little troubled by that at all? >> i'm not, stuart.

steve mnuchin said it right. to be worried about robotics and ai now is i think a big problem. when you look at integration of "ai" into our economy, you just don't flip on a switch, you put a erp system in your company and it magically works. there is lot of integration goes into ai. a lot of ai being done is around automating tasks, not job functions. to have ai that replicates human intelligence, we're a long way from that. when you think about automation, we want more ai in our economy but we need to regulate it. stuart: bill, i have to run. because i have a nice market rally. bill studebaker, thanks for joining us. we'll see you soon. look at this, the dow industrials is up 250 points. that is a rally and a half. 24,700. strong profits are coming.

economy is growing. trade pretty much on the backburner. our president goes to europe in fine if the ettle. next secretary of state mike pompeo finishing two days of talks in pongyang. north korea called the meeting regrettable. president trump still sounding optimistic kim will get rid of his nukes. more "varney" after this. ♪ at&t provides edge-to-edge intelligence, covering virtually every part of your retail business. so that if your customer needs shoes, & he's got wide feet. & with edge-to-edge intelligence you've got near real time inventory updates. & he'll find the same shoes in your store that he found online he'll be one happy, very forgetful wide footed customer. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &.

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but i still feel like i'm not gonna have enough for retirement. like there's something else i should be doing. with the right conversation, you might find you're doing okay. so, no hot dog suit? not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. stuart: north korea called the talks with secretary of state mike pompeo deeply regrettable. many pompeo says they were productive. president trump optimistic. here is his tweet from moments ago. i have confidence that kim jong-un will honor the contract we signed, even more importantly our handshake. we agreed to the denuclearization of north korea. china, on the other hand, may be exerting negative pressure on a deal because of our posture on chinese trade. hope not! bill parker here with the east-west institute. bill have the talks broken down? >> absolutely not. they're continuing. you're still having serious

discussions going on but remember that mike pompeo came from the intelligence world and he is well-informed. he is looking at history, 1994, you had president bill clinton working strategic framework, says you were working that issue. he realized it collapses soon thereafter. george bush tried it in 2005. you had the six-party talks. those later collapsed. he is looking at history. at same time, for the first time you're keeping all instruments of national power on the table. stuart: seems like he went over there to keep them on track, hey, what are you doing here? stay on track because we're not going to budge one inch. that is what he was basically saying. >> i think that's right. stuart: hard-line, the hard trump line stays in place, is that right? >> that's right. stuart: sanctions though? >> more than sanctions. we talked about before all the instruments of national power are on the table, including military options. these are significant sanctions being held tight against the north koreans right now. stuart: do you think, it is hard

to speculate on this, do you think that mike pompeo went over there and in talks with kim jong-un said, listen, we've got the military option still on the table, watch out? would he say something like that? >> i think he made it very clear, as soon as we leave, as soon as i leave north korea i'm heading to japan to talk to our friends in south korea and japan about this to insure that we continue the pressure on you. stuart: okay. the hard-line, the trump hard-line is not faltering at all? >> that's right. i think love you on one side, if you do what we're asking, and on the other side if you don't we're going to smack you. stuart: do you think we'll win this one? >> i do. stuart: you do you think at the end of the day if he denuclearizations? >> i think the world wins if he denuclearizations. it is better for the economy and the world and better for sons and daughters won't go into combat. stuart: take a while. bill parker, thanks for joining us. there will be more "varney"

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stuart: well, just look at what is on the calendar come at the news calendar just ahead. tonight, the president reveals his supreme court nominee will keep a constitution central to the court's decision for the next generation. the democrats will fight and fight utterly until the very end. tomorrow, the president applies to your timing. britain's prime minister theresa may looks like a lame duck energy just lost in the cabinet minister who's in charge of getting britain out of the european union. as for germany's angela merkel, she may not survive much longer either. or open border policy has been shredded. in short, europe is en masse. they need us badly. this is perfectly timed. don't roll out some kind of deal on trade. the summit with vladimir putin.

who knows what comes out of that dramatic headlines are virtually guaranteed. russian election meddling, crimea come, crimea, ukraine commits area, oil production. trump can exploit them. so the president returns to news that is just as important, certainly the most americans will find out how fast the economy is growing and it is growing fast, about 4% a year. prosperity is making a comeback. july looks to be a month and it looks like it is pivoting trumps away. because to her for a position of strength companies to weaken pertinent returns to an economy on all cylinders. four months to the elections. what was that about a blue wave? the third hour of "varney & company" is about to begin. ♪

breaking news we're following it. boris johnson announced his resignation as britain's foreign minister. join us now from krishan wieden, former advisor to the trump and bush administrations. i say with president about to go over there, he is going over there from a position of strength as europe is divided and weak. >> that's absolutely right. theresa may took a real hit today, plus boris johnson leaving her government. talentless theresa, the british economy is kind of flat. u.s. economy is 4% growth that just ended. the german economy doing better by angela merkel in real trouble. basically the last gasp of the establishment they are. this is going to set up a nato summit with a bunch of people complaining about trump. stuart: i'm speculating here, but it seems like there is a possibility of a trade deal of sort. the british desperately need a trade deal with america and angela merkel in germany is not

keen on seeing a 25% tariff on her german cars coming to america. but this week in europe strong america and assures the of progress on trade. >> there's a possibility that someone will have to take yes for an answer. u.s. ambassador rick renaud working on something like tariffs on cars would come down dramatically and more importantly in the u.k. you have the president and our abbasid or their offer basically a zero tariff. a true free trade agreement. he also offered the g7. the problem is what theresa may came up with, she pitched over the weekend, basically keeps britain in europe as far as trade and commercial regulation and agricultural regulation does come which means they can make an agreement with us. >> hold on for a second. i want to bring in asher got some breaking news on this brexit appeared ashley: the labor party all over this in the house of commons said a few minutes ago saying

basically, there is a crisis in the u.k. government. the future of ranks it very unclear in this governor is not capable. she can even broker a deal within her own cabinet. how's he supposed to do that with the e.u.? a government capable of governing and they can't get out of the way for those who can. stuart: christian come you're still with us. i remember you saying a moment ago that theresa may -- when you call her? >> talentless theresa appeared she was given a big mandate when she was started. stuart: a little harsh there. >> you're an american now appears on anti-british statement. it's an anti-theresa statement. i think the problem is you have more than half the british public that wants out of the e.u. and have a parliament that doesn't. but if they find the leader, they can save their party. if they don't, we'll have a stronger emergence of the u.k.

independence party to sort of have a dealer program. stuart: i find it fascinating that president trump who is disliked wildly in britain is going over there with the potential to save them from themselves. that's an extraordinary situation. >> i think that is right. that is the key that nato has 29 members all terrific allies. if we're attacked by china, north korea, one nato country would come to her defense of not the great spirit reluctant to do well. they want us to do well. we can get to an agreement, but trump will have a great meeting with the queen and he will sort of gloss over the political turbulence, but it will go well. stuart: great meeting with the queen. you'll be back. don't worry. you'll be back. got a look at the market. look at that. we're at 265 points, better than 1%. our next guest

[inaudible] we found one. sure she'll minutes with us. one of them is the top-rated thunder on wall street. >> the small caps are number 327,000. stuart: now you're bullish. does that mean that the stock prices will end the year higher than where you are? >> a particularly small caps had an extraordinary rally. we've got to remember that since 2009 we almost a decade ago in 2008, 209,019 small caps the strong. our small caps are up 23%. it tells us people are pulling money out of the markets with about 11.2 billion on the international markets. china is getting clobbered, down 12% in the last month. small caps and entrepreneurship are 3% in the last month.

money is pouring in and coming out of risky assets in etf commodities and big things like this. the risky assets are going to the small microcap stocks. >> their money comes here. we've got a lot of growth in jobs, lot of growth and profits. up 28% with the last three years in a u.s. small cap stocks. the revenues are all 15%. rad is up 32% and we've got a lot of good news here in the u.s. stuart: you're about my somewhat similar generation. have you seen a market like this before? it's a great time to be in those markets. train to tell me how you think

talks on trade with china could end up benefiting us big time. >> 20 years ago, china was won by 5% of the world gdp. the increased 10 times in the last 20 years. u.s. by congress was 40% of the gdp. we're about halfway we picked up the last couple years, but we are still 24% gdp. they've gone better, we've got worse. they forced technology transfers. this is long overdue. regardless of what happens in china from our u.s. small caps are going to do well. if trade talks go well i think they will do better. stuart: urls on trent almost make it a moral point. we are right in our trade. >> i would say so, yes. thank you so much. we love both on the program and

they found you. twitter suspended more than 70 million fake and suspicious accounts in may in june. the "washington post" reports that the rate of account suspension of more than doubled since october. markets don't seem to like that. the stock is down 7% on twitter but still a 43. other markets all this morning still close to a four-year high. 73.83 per barrel as we speak. the price of gasoline, the national average holding pretty steady, $2.86 per gallon about the same as yesterday. it's a story the whole world is watching. the boys in a cave in thailand. eight have made it out. the latest on the efforts to rescue the remaining boys and their coach. plus, the sanctuary state showdown. a federal judge rules against the trump administration in a battle with california. the mayor in orange county says the fight is far from over and

he's on the show. i trade with china will hit the auto industry hard. the government says they will be painted next to us the commerce secretary about all of that. now, look at this. the new york skyline on july 9, a sunny, warm, hot day in the big apple. it doesn't not look good? -- it doesn't and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia.

stuart: at police in britain launching a murder investigation following exposure to a nerve agent. 44-year-old don sturges died yesterday 10 days after coming in contact with the agent, the same type of poison that nearly killed a former russian spy and his daughter back in march. written blames moscow for the attack but the russians have

denied the allegation. the chamber of commerce does six states about to appear in your screen, there you go to the 16th will be the hardest hit by terrorists. alabama joining us. sir, how was alabama heard? where is the pain in alabama for these terrorists? >> is an outcome of the state of alabama has been the state that is really ground a stature in the automotive sector. we produce over a million vehicles whereas prior to 1997, no vehicles were produced in our state. would end up exporting about $10.9 billion worth of value and vehicle across the globe. or even if you want to call it a tariff skirmish, potentially can

cause disruption because of the supply chain, decisions by companies do to uncertainty and investments into the state of alabama. the vehicles that are produced here and sold around the globe. stuart: well, you're concerned for any length of time. that's not likely to happen. our real concern is, first of all, let me back up and say we support the idea in the concept and the policy of having fair trade for the united states. we are very much supportive of that. our concern really is if this becomes a protracted situation and it causes the components that go into vehicles in the state of alabama to become so

expensive that the people and consumers stop buying them, then production falls. stuart: have you had any negative impact so far? can you point to any pain that's been imposed under auto industry so far? >> stuart, we are too early in this process to really feel this pain. we have a couple of projects that we've been working with that are substantial capital investments to be made in the future in alabama and the timeline of those that shifted to the right due to rethink some of the uncertainty in international market. stuart: president trump has spoken briefly about no terrorists at all. i mean, really free trade. would you welcome that, for example, with germany and america, no terrorists of any kind on cars going backwards and forwards. that would mean that mercedes

bmw porsche actually built-in germany would come here with no terrorists at all. how would you feel about that? >> the reciprocal to that would be vehicles made in alabama and south carolina by bmw in south carolina, mercedes benz of those honda and hyundai and the soon-to-be operational plans would also have international markets open to bomb with no terrorists. stuart: you would like that, no terrorists? get there as fast as possible. >> stuart, never seen it happen from the bs would welcome it. thanks for joining us, sir. we will bring you back a little more later into this trade dispute. thank you very much. we'll check various markets for you. i will start with gold. 12.62 per ounce up six bucks

this morning. let's do bitcoin coming yes it's still around. 6700 now that i've come back. can we please put the big board up on the bottom right hand corner there is screen. we are up 268 points. 1.1%. this is a rally. i'm calling it the summer rally. check this out. described as a motocross legend. creating stuns originally. evil knievel first jumped over 52 stacked cars back in 73. he will try that in 67, but he broke $40 then also jumped over 16 buses. stuart: that is daredevil.

there he is. i've not seen that before. okay, glad we showed you that. good stuff. wait until you hear the really good news from thailand. crews have already rescued a boys who are trapped in their cave with four remaining boys in their coach ongoing as we speak. now take a live look at los angeles on july 9th. we thought we'd show you. i'm sorry, california. i love you. ♪ i've always been about what's next. i'm still giving it my best even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin,

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stuart: we have to get there and we are there appeared the ongoing rescue mission in thailand. wonderful news. ashley: good news, eight of the boys are now out, meaning there or, meaning there or for boys and a 25 road coach left the high bid to stop the operation for the day. 20 hours from now they will start again. there is concern that the monsoon rains are on their way and they are worried that they are racing against time. also, the oxygen level in the cave is starting to drop to dangerous levels that they are well aware of this.

they have the four boys like to get out. the condition of the boys around is said to be okay. they are immediately taken to the hospital to be observed. this is a remarkable operation. the whole world has joined in. not only the thai rescue workers, the people all over the road have volunteered their effort. they have to deposit air tanks along the way so they can replenish their oxygen as they get out of this cave network. stuart: i can imagine being one of those young lab trapped in them to be rescued. extraordinary circumstances. what a feel-good story for the whole world. >> either way, if they get out in time their budget to the world cup final if they're up to it. stuart:.is this coming sunday. a story of a very different kind here. the u.s. embassy warning americans they are to shelter in place. a lot of protests going on.

liz: of these three people dead including ones politician. the government has raised fuel prices for gasoline, diesel and kerosene onto the double digits in public transportation. the government says we can't afford $90 million a year. so now the u.s. embassy is in shelter in place. u.s. airlines are canceling flights into haiti and also they burned down two police stations and they threatened to burn down a hotel. >> withdrawn subsidy. well, it is a pivotal rate for president trump tonight when he reveals a supreme court pick. judge napolitano coming up on that one. who does he think the president will choose? take a look at the big board. 265 points as close to the height of the day. that is a very solid rally.

more "varney" after this. ♪ at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today.

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stuart: well, well, well. this is a monday morning rally. close to the higher the day day. 268 points. now this. a gallup survey finds the political climate in washington is the biggest threat facing the markets. nearly half of traders, not the likes of uni, but they tested -- they said they were very worried. half of them. joining us now, former u.s. international economist no less. what you think of that? worried about politics. that's ridiculous. all this political turmoil for the market keeps hitting new highs. >> when the numbers are so good and the economy is doing so well, what else is there left to worry about. that's why we get the response we do. i'm not particularly concerned about this poll.

people who listen to the media, they're very good at finance, but the world they're not good at. and they believe the nonsense about donald trump. i just throw the pull out the window. stuart: very good or that's the response i was looking for. now this one. big news this morning, boris johnson resigned from the british government. he was the foreign secretary. your reaction to that. >> i hope he follows and this is the end of theresa may. simply, she has negotiated a deal for britain. it is time for the birds to do what we did 242 years ago that his cast off the chains of brussels oppression and make its way in the world alone. they have become an enormously resourceful innovative economy since maggie thatcher and it's time to just go with separate way and prosper.

train to go with separate way with america. isn't this a prime opportunity for donald trump, our president is going over there tomorrow. he will be there midweek. is that a prime opportunity to say come on, you need us. we could use you. let's do a trade deal. >> yes it is. it's a great opportunity for that. teresa made a donald trump so much but halfway into the conversation she get some sort of historical rant is not outwardly, then her brain. she just can't get over the fact that donald trump is president. this is unfortunate. it's time for britain to have a new way and a new leader to take it that way. stuart: okay, let me finalize at this one. our president goes to europe tomorrow. he visits nato, visit theresa may who may or may not be the prime minister but probably still will be i think our president is going over to a

divided we cheer up. they look strong, we look weak. >> many of the things that divide us in europeans themselves. here. the german mercantilism and german exploitation of the rest of europe. european status and israeli french statism. as fun as we have republican government in the united states, that will be an anathema to us. my feeling is the italians have their pride. europe really is a busted system and if they don't get it right, look for the italian government. they can survive more than six months to go the same way as britain. i don't think any deal they can make what the germans and the french, whether it's trade, immigration, the budget or anything else that serves italian purposes very well. it's been too long suppressed. before the euro, italy had a dynamic economy that is growing

very rapidly. since the euro it has been under the thumb and screwed down by the germans. the reality is germany has turned its economy into the kind of exploited device than the 30s and 40s. stuart: you made perfect sense. i just want to know if the e.u. collapses for the euro collapses, is that good or bad for the united states? >> good. the european economy will do better with the countries having their own currencies. it is better for the united states in a weak europe. in germany exposed is better for europe as a whole in america. after china, germany comes next in terms of needed reform. stuart: okay, that was pretty good i've got to say. >> for an ivory tower guy, yeah.

stuart: i could've been pejorative but i wasn't. thank you indeed, sir. the supreme court pick tonight at 9:00 p.m. eastern. judge napolitano is here. a couple of hours ago you said that the front runner with judge kethledge and judge hardiman. he said that. what was the reaction? >> i've been lobbied. nevertheless i've been lobbied by advancing the causes that the other two at the forefront. however, my knowledge last night in this theme is troubling me. stuart: you are not going to add to your idea that the two front runners, one of the two will be the pick. >> i am not. if the president wants the more

academic intellectual, very much like gorsuch type he'll choose kethledge. if he wants the well-nigh, really like this guy could have a drink with them and go to dinner with him and his wife never want, he'll choose hardy men. stuart: that'll be the pick. >> was the president makes a choice he was seen again until the swearing-in and after that he will never see them again. ask him a times he's seen since he was sworn in. are they allowed to? >> they are but a scandal about that when it became known that justice frankfurter with president roosevelt once a week. nevertheless, fdr knew what was on the court's mind in the court knew what was on fdr's mind through these poker games which were revealed until after fdr

and frankfurter were dead. stuart: that is wrong, isn't it? >> it is wrong depending it's hard to believe they kept their lips zipped during these poker games. stuart: you would like i believe a perfect replica of judge scalia. that is what you would like. of all the candidates that you know who our candidate, who would be most like scalia? >> senator mike lee for the six finalists come actually seven interviewed. i could be wrong. this president likes drama and surprises. senator mike lee is the constitutionalist in the senate today. he is the conscience of the senate when it comes to the constitution. he clerked for justice alito. his father was the solicitor general under president reagan. thus the governments chief lawyer before the supreme court.

so he's steeped in the constitution since age three. stuart: that would be your god. that we know. judge, thank you very much, sir. fbi and fox business will have live coverage of the president supreme court announcement tonight at 9:00 p.m. eastern time. billions of dollars in obamacare payments are being suspended because a federal judge's ruling in a lawsuit. don't explain all this. >> all make it very simple and very quick. $10 million in payments. the trump administration has been halted because of the new mexico court rolling this is the implementation was flawed and even pushed the regulators. another excuse to choke off the

affordable care act and we don't know when this will be halted. but be sure that we bring them up on your screen. they're actually outperforming today. stuart: i wonder why. >> the risk adjustment program with more sick people on their books are the people that have more healthy people discovering more sick. they see the most profitable year under the affordable care act. the premiums might go out. stuart: obamacare was not completely repealed. liz: ramshackle and its rendering. they have to pay insurers? it's so bizarre the way they tried to launch this. stuart: democrats are in favor of taxpayers funding the insurance companies. they used to be the great villains. but now they're not. liz: they take care of the preexisting conditions.

stuart: does a fine explanation. >> was trying to make a quick. stuart: sever cisco's homeless problem getting worse. its members do not feel safer. what the leaders are doing now to try to combat the problem. take a look at san francisco this morning, july 9th. they had the golden gate bridge. i went across that so many times. no traffic jam this morning. ♪

the stock has been jumping higher on reports that the company may be looking for a buyer. you can still see that it's 6% today. the group on executives have reached out. if contact good firms to understand. in fact, one we watched as, alibaba owns nearly 6% group on peer group on it's relatively cheap and inexpensive when you

look at earnings compared to some of the other guys. with a quarter of 1%. out of nowhere. my secret visitors. appearing next to me in plain sight. hallucinations and delusions. these are the unknown parts of living with parkinson's disease. what stories they tell. but for my ears only. what plots they unfold. but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. and these can worsen over time, making things even more challenging. but there are advances that have led to treatment options that can help. if someone you love has parkinson's and is experiencing hallucinations or delusions, talk to your parkinson's specialist.

because there's more to parkinson's. my visitors should be the ones i want to see. learn more at moretoparkinsons.com train to remember last week were brought to the story of a medical convention that pulled out of san francisco because of a homeless problem there. also affect in the tourism industry.

what are you hearing from the tourists? >> stuart, good morning. many tell us the homeless situation there but this was the worst they've ever seen anywhere at one hotel owner tells us what he and many of us guys have to deal with on a daily basis right here in union sare, one assumes cisco's top tourist destinations. let's listen. >> seeing people passed on the street, eat out of the garbage can. you see people shoot at. this is not a healthy environment for the residents in the visitors, but it's also not something that's healthy for these people who need help. >> the exact impact on san francisco's $9 billion tourism in his trade isn't known, but losing money as you mention the major medical association holding the annual convention saying its members no longer feel safe here the cancellation of that five-day tradeshow

represents the estimated cost of $40 million. a chunk of money. we will see you again soon. in california the sanctuary city law and in a big victory to immigrants rights advocates. troy actor, manager of los alamitos. where does this federal judge's ruling may view? >> from our dead, and this is an issue that is about the preemption between the state and federal issues. the city is a very similar issue that has to do more with the right. it's interesting they have the right to basically say they were, geared in the city at the same view. >> this is a big setback for

you, isn't it? >> i'm discouraged, disappointed the case was ruled this way, but this was just the injunction. i have full confidence that what we'll end up happening is we all knew this would end up in the supreme court and at this point, just goes to show that california is the weakest link when it comes to immigration they've decided to step aside. this case will have to go to the supreme court and we'll go from there. i still feel really confident about her case. stuart: the supreme court of the united states? do you think the legalisms will eventually get all the way up to the supreme court. that would surely take years and years, would net? >> well, it's hard to say. at this point is a preliminary injunction that basically they are really non. the department of justice will have to decide what their next steps are going to be. in our perspective as the city

of was that are proven or emotion at the a very similar issue on july. >> what she wanted to do was to push away the whole idea of the sanctuary city. you wanted to to and it completely. he wanted to comply with ice agents. that's what she wanted to do. you cannot do it because it's tied up in court. it's not how it is? >> actually we did it, stuart. we passed out loud in april, so basically we're the only city in the city of california not complying with sanctuary law. stuart: is anyone else likely to follow suit after this federal ruling? >> cities are still passing resolutions in joining an amicus brief with the federal government. at this point it is two different cases that really have a dependency. like i said, i'm fully confident the department of justice will continue this. the one thing you seem in this

you seem in this case is the judge even said there is not very applicable case law that really deals with juan deals with law-enforcement and the immigration issue is that will be applicable. >> is there anything on the november ballot in california this november? in a ballot of any kind that will leave you to change the sanctuary cities centuries to roles? >> no, not at this point. there hasn't been anything. they are starting to be some talk of referendums and ballot measures that are out there, but it does point for november it's going to be his daughter's quote. stuart: we wish you well fighting the good legal fight. thanks for joining us, trade edgar. appreciate it. president trump's not backing down with china. next guest says beijing is our country's biggest threat in the president is making exactly the right move going after them. charlie kurt talks about campus

freedom. all that trade in the moment. meanwhile, that is new york city times square to be precise on a beautiful sunny july night. with two times more geographic detail...

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trained to our next guest usually talks about campus freedom and free speech. today, he is talking about tariffs on china. he approves of a hard line on china trade. look who's here. charlie kurt, turning point u.s.a. guaranteed are running for office at some point in the near future. do you approve of tariffs on china? >> i absolutely do. my passionate focuses on the next generation. i look at some of the most threatening countries and civilizations right now on the world stage. stealing rip, expanding military, and representing themselves in manipulating currency on the stage. i see the trajectory they are on buying our debt, economic success and prowess and some of the bad decisions we've made over the last 30, 40 years allowing them to deal ip, which

represents 40% of the american economy and i say hold on the second, there is something out of balance here and there has to be some sort of normalization. we finally have a president that is willing to make some difficult choices that might result in price increases, then i resulted in areas that feel pain but have significant positive geopolitical changes over the next 34 years. you think it's worth winning even if we have a little pain? >> that is correct. i'd rather have a price war than an actual war. god forbid we ever get into a military conflict with china. they are rapidly expanding military, building aircraft carriers, not to mention the relentless cyberattacks on the american homeland. before able to rebalance the playing field, so china that we mean business and we're the

leader of the free world. china hates the west. they do not believe in free speech and i definitely don't believe in free markets. you cannot have a free market if the other side is acting on a thickly and not acting properly. i believe president trump has the wherewithal and courage and conviction to win this battle, but there may be some pain involved and that is something we as americans have to commit to and understand. train to you or campus reform guy. you go out to conservative speakers. why are you out there talking about china and china trade? >> am an avid supporter of the president. to be honest with you been underwhelmed by the lack of people that have been voicing their support for what the president is doing. china thinks in centuries, not in decades with the hundred year plan to take over the west to make themselves the world leader. i'm 24 years old, looking at

what my generation will have to encounter for the next 30, 40, 50 years. china is the number-one threat around the world for the next 50 years and we have to make some tough decisions now to make sure we won't fall behind. stuart: gimmick a good case they are. thanks for joining us. we'll see you again real soon. there will be more "varney" after this. ♪

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stuart: monday morning we started out at 9:00. we have a lot of good news for you. it is a stock market rally, looks like summerallly. ashley: there are four base left and their coach. fingers crossed that we get the last five out. liz: president in europe with noto showdown but still in a strong position. they thought the markets would

slow down on slippery light volume. look at this. solid triple gains. stuart: take it every day we week. going up as we speak. regrettably, our time is up. neil, it's yours now. neil: stuart, thank you very much. we're following same developments you are. growing optimism that the trade stuff doesn't come to a bar. other countries are in such disarray we look like a safe haven. you heard what is going on in britain. we'll keep you update. "brexit" is seemingly imploding with the prime minister inability to deal with it and keep a coalition together could be fraying. germany in a heap of trouble. inconsistent reads out of europe, how to respond to the united states. they appear divided. all the attention focused on corner of wall and broad. that is benefiting tech shares. financial shares one of the best days in months. the big story is focus right now who the president will celebrity to