this month maybe wait couple more months as we move into third quarter but there are going to be some job losses. >> transportation -- >> red flag -- >> always a pleasure thank you so much great jo have a great weekend see you sunday "varney & company" begins right now take it away. >> good morning, maria. everyone, ladies and gentlemen numbers please. only 157,000 new jobs created last month. however, the unemployment rate did tick down a bit to 3.9%, to me, maybe i am on a limb i find this disappointing. this report. disappointing. it is important though because the first peek how things are going in july through september quarter, not a great start. dig deeper positives one certainly the may and june months revised upward to show an extra 59,000 jobs created in those two months so not all a dark picture, issue next

case. cbs back in the news, the financial analysts who follow the company have nothing to say about the financial challenge that cbs faces, that is the allegations made against ceo les moonves could cost him his job appeared on conference call to discuss cbs results but the analysts were told don't ask any questions about the allegations and the analysts obeyed. head-scratching that are analysts for? now election shock. in tennessee diane black, lost businessman bill lee won republican primary for governor she had been enforced by vice president pence appeared frequently by the side of president trump. >> marsha blackburn won primary in the tennessee senate race stay with us please larry kudlow with us shortly, he will have choice words on jobs' report, and we will have some choice words on showboat king christian jim acosta going to be a great

show "varney & company" is about to begin. ♪ our economy is soaring our jobs are booming, factories are pouring back into our country, they are coming from all over the world. we're defending our workers, we are protecting our constitution,. >> okay. that was president trump last night come on in please, market watchers greg valle jeff to yous if you're i characterize this disappointing. >> kind of blah like weather in east nothing to get excited about but very quickly three things, people tomorrow morning see 3 number in the paper number two as you point out we had upward revisions previous months third most

importantly, had we been above 200,000 i think the treasury 10 year yield would have spiked through 3% stayed there there would have been all angst about interest rates going up i think this number puts a lid on rates for the rest of the summer. >> okay, jeff what will be the stock market reaction futures down 17 for the dow what is the market overall reaction. >> what i see is this is a very mediocre reportedly first of all what i see in this report will be reflected in the market that there are some real concerns over tariffs, what we might be seeing is some momentum we have had going into this, are might be pulling back because the companies are concerned about hiring with tariffs on the horizon. >> one moment, that again -- china has threatened -- tariffs on 60 billion dollars worth of u.s. goods that go to china. >> tit-for-tat. >> tit-for-tat come back in

not intoefd yet a threat from china. >> i have been traveling for the last few weeks talking to businesspeople, and they almost unanimously say this adds a whole new element of uncertainty for their planning going forward. >> maybe that statement that was justly out about china tariffs maybe that accounts for the slight downside move in the market as opposed to disappointing jobs' report. >> yeah, now we're seeing the -- the rather dramatic increases in basic material prices that is affecting a lot of expansion plans there is a lot to be concerned about. >> we have had a number of analysts on this show said prior to this number they expected a slightly lower number, precisely because of uncertainty july somewhat a weak month i think wanting to blow out 300 plus every month to greg's point maybe market looking at this puts a cap on feds for now looking for hike in september and december, this takes that out of the

equation. >> i think there are some good points in this report later stages economic expansion for short supply manufacturing jobs doubling last year's pace and wages went up for the month better than expected. >> okay -- get -- >> friday. >>, by the way, on that on that report of china putting tariffs on goods going there, boeing typically trade sensitive down two bucs, by the way, larry kudlow to be economic adviser to the president on jocs business first on fox business going to respond to the job numbers and china tariffs news, that will be right after the stock market opens this morning. let's move on we have look at tesla please. huge rebound yesterday, no pullback this morning, maybe new conciliatory tone from elon musk helped stock go up apple yes did hit

trillion-dollar valuation mark just as our show was coming to an end we made it just, holding at the trillion-dollar level 207.12 quote this morning. >> political story infer dog bill lee wins tennessee gop you gubernatorial primary beat diane black two others black endorsed by vice president pence greg is diane black's loss a loss to president trump. >> a loss for mike pence for sure i don't think for trump no, he didn't endorse anyone the major pint, bill lee is not a politicians, i think that is why he won. >> he is not a politician that is why he won? >> okay. >> you got to start to stretch out your comments, please because i am not ready with a second question. you know what i mean, thanks very much -- >> that is at least your honest. >> i am getting to cbs. >> of its going to say.

>> les moonves appeared on conference call after report of earnings right off the bat analysts told hey no questions to him about sexual harassment allegations analysts complied no questions what is going on. >> all about what they call conflicted research, references in pockets of companies they cover because they get access to the top dogs ceos this is a classic example you can't ask questions about the allegations sexual misconduct what about secession plan no one brought it up the legal battle sheri redstone majoring stakeholder no questions companies famous like this having friendly naltsdz on call they go to they don't go to the ones that make tough calls the question the whole system is it corrupt? >> should undermine the confidence investors have in analysts for analysts that are constantly trying to prove their about credibility this is a very, very negative way to approach it they should

have never complied with that should have asked hard questions they are not defending shareholders that count on them causes these questions need to be answered in the case -- >> they have become a member of a public relations department to company covering that is the problem. >> you choose analysts who ask questions usually top seven or eight that get questions on conference calls. if you have an analyst too hard on a company. >> they don't get asked. they are not let in the door a big, big problem should have forced their way into the door asked questions because people are counting on the truth, didn't get. >> it you i don't know how calls work if on the call, why can't you ask the question that you want to ask? >> they continue to come to you. >> they pick the analysts to answer -- ask the question. >> that is all wrong in my opinion. >> i did want to start off friday morning with

blockbuster news massive economic growth job a creation. a deep breath futures not going very far going to be down 10 points the opening bell following that jobs' report, yes larry kudlow will be with us about 20 minutes. next, cnn jim acosta white house secretary sarah sanders got into it inserting himself into news became the news he a little of the exchange we play entire thing after the break roll that tape. >> the president of the united states should note refer as only other people. >> i appreciate your passion i share it. i have addressed this question i addressed potential feelings here to speak on behalf of the president made comments clear. >> a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage.

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. >> market about 17 minutes we will be down slightly on the dow up ever slightly on s&p

and nasdaq. this follows that i am calling it a disappointing jobs' report now -- >> the new -- >> i will calm down, i will calm down cheer up. these are dow stocks, boeing pfizer caterpillar morgan intel boeing caterpillar news china may impose tariffs on 60 billion dollars worth of our stuff that goes there, a negative trade headline down usual suspects boeing caterpillar get to showdown at white house, the press briefing between secretary sarah sanders and jim acosta going to play the whole thing, here it is. >> i think it would be a good thing if you were to say right here, at this briefing that the press the people who are gathered in this room right now, doing their jobs every day, asking questions of officials like the ones, you brought forward earlier not enemy of the people, i think we -- we deserve that. >> it is ironic jim, not only

you and media attack the president for rhetoric when they frequently lower the levels of conversation in this country repeatedly repeatedly media resorts to personal attacks without content other than insight anger jeed attacked me personally a number of occasions including your network said i should be haravrz i should be choked ice officials not the welcome in play this of worship percentage information on internet when hosted by association almost all of you issue members you brought a comedian up to attack my appearance talled me a trade for my gender as are a as i know first press secretary in history of united states required secretary of state service protection. >> people are watching what you are saying sarah the white house, united states of america, the president of the united states should not refer to us as enemy of the people his daw acknowledges that all

um asking you to do acknowledge that right now and right here. . >> by the way, he did not get the answer he want, stalked out. >> who is here the washington to many these larry i am going to pass judgment on this, i think acosta was flat-out wrong because he became the news. you don't do that. >> you stuart i mean you are under a notion a press and getting information, no, apparently the prez secretary is supposed to say exactly what a tv reporter commands her to say and otherwise he's going to throw a temper tantrum, it was embarrassment to journalism profession what we saw yesterday. stuart: very typical. when have you had a press conference given by sarah huckabee conference or any other president's spokes people and not turned into a got-you.

>> stop all program to go show this thing. i just finished sean spicer's book, the briefing and goes right back today one. listen, the mainstream media in the country and certainly the room full of journalists have been against the president, operating against him, listen, you can disagree with the words he used, the language he used. what's really sad, stuart, before the showdown, the show-boating, we had secretary of homeland security, director of the fbi, we had the president's national security adviser all talking about how they were trying to safeguard election from russian intrusions something that the journalists have been scheming for two years, they give a briefing on that and all jim acosta wanted to do was create own reality tv drama in there and not actually get more information about that critical issue. stuart: okay, the other side of the coin, we are talking about president trump says the media is the enemy of the people.

that's pretty strong language. >> he didn't say that exactly. the president can speak for himself, i don't need to defend him and not language i would use. to be specific he has always said that fake news is the men my of the people. let me say, i don't like the words enemy of the people, stalin is not something that i like to do, the fact of the matter is when we have left-stream media like washington post, yes,cnn delivering false information, taking anonymous tips within the information illegal anonymous tips, and then months later we find out that none of it was true, well, that's certainly not helpful for the american people, that makes enemy or not, i will let others decide. stuart: i'm distressed because my colleague lou dobbs and i were founding members of the business team at cnn way back in 1908 and to see to go from what it was then and what it is now it's a very sad thing in my opinion. >> and i understand the

emotional response to language like this that the president uses, he uses language that gets an emotional response and not to be guilty of what aboutism but i'm hold enough to remember when president obama refer today all republicans as his enemies, that's a whole lot more people than just the people sitting in the briefing room. stuart: fair point, larry o'connell, iran, they are going to put 100 gun boats, military drill in the next day or so? ashley: they do this normally in the fall leading people to believe that this is sending message the trump administration, you embargo oil whether he recollects choke fuels, 18 millions of barrels of oil move, 30% of the world's supply, the implication here is they are pushing -- push to go block off or at least make life difficult to oil tankers to get through. this is a wage out of putin's

playbook, go on the offensive, turn all the unrest at home into a foreign enemy, let's not forget they have protests spreading across iran, the real, currency collapsing, inflation through the roof, upset with corruption, unrested home, why not go abroad and start taking on the great -- stuart: no impact. ashley: no impact at all. stuart: a couple of sign of the times business stories for you, a company that let's you work out by video streaming believe it or not it is worth billions of dollars, you know its name. on the other hand, a staple in shopping malls has filed for bankruptcy, you know that name too. ashley: brookstone. stuart: we are supposed to tease these things, i'm impossible. [laughter] stuart: you'll miss me when i'm dead. is this really a movement? i will put reality check on that

one, my take at the top of the hour. e we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com

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>> $4 billion plus. stuart: no? >> yes. stuart: that cannot be. stationary bikes. >> $2,000 to buy, $39 a month for streaming services. stuart: wait a second, you buy the bike and then you per month payment. that's a gold mine. >> right, that's 3 times valuation that they raised in 2017, so in two years they've tripled price and we are looking at ipo in 2019. stuart: i'm shocked. >> i would buy one to be honestf i had more of an apartment in new york. stuart: brookstone, bankrupt. ashley: massage shares and corky electronics, no one bought but sat in the store for an hour while someone else went shopping, i would say wives but that's sexist. it's owned by the way by chinese conglomerate, at one point they were trying to persuade venders to be paid in yuan.

now they are looking for a buyer, if that doesn't happen they could liquidate, the stores in airports remain open and online business. stuart: wal-mart testing grocery picking robots. what it's it about? >> i wouldn't say grocery picking, you still want to squeeze your oranges and bananas, i know you, stuart. moving on, but we are talking about just picking up the baggaged goods and not the items that don't need reition -- refrigeration. stuart: we have so many stories, it's automation getting rid of low-skilled jobs. ashley: where do the workers go? stuart: we are going to open a fraction higher this friday morning, some of the -- some stocks would be down, trade-related stocks because china is threatening tariffs on

$60 billion worth of american exports to china. negative trade news. opened, just about unchanged. next opening of the market on job's friday, larry kudlow right there after opening bell. it is a first on fox business. ashley: speaking of a first -- the fact is, there are over ninety-six hundred roads named "park" in the u.s. it's america's most popular street name. but allstate agents know that's where the similarity stops. if you're on park street in reno, nevada, the high winds of the washoe zephyr could damage your siding. and that's very different than living on park ave in sheboygan, wisconsin, where ice dams could cause water damage. but no matter what park you live on, one of 10,000 local allstate agents knows yours. now that you know the truth, are you in good hands?

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>> stuart: all right, we have 10 seconds to go, we will open this market this friday morning, we are looking to be pretty much dead flat following what i'm calling a disappointing job's report, i dare say other people feel differently, 9:30 eastern time we are down and down ever so slightly, no, we are up, we are up 24 points in the very, very early going and i see a lot of green in dow 30, right now we have opened slightly higher, 15 points up. show me the s&p, please, i think that's pretty much the same story, yes, up a fraction .09%, no serious movement. nasdaq home of all technology companies and that is up about a quarter percent, so there's some action in tech this morning. here is key interest rate, 3% recently and this morning backed off 2.89%, i think that's the result of what i'm calling the disappointing job's report, 298.

ashley: i feel like rain man. stuart: ashley webster, jeff sica is right there. and david deets joins us as well. let's get ready with job's report. i call it disappointing, is there anything good that sticks out to you? >> listen, it's not as bad as it could be considering the fact that there are major concerns about tariffs but i do think it's showing that there is a labor shortage, a labor shortage is a good thing, there are jobs being created, tax cuts have worked but where is the momentum that we've seen in -- stuart: trying to hard to rehabilitate image. wait a second, david deets, i thought it was disappointing and you say what? >> i'm calling it goldilockses, what we want gradual increase in the economy, we don't want spikes, unemployment rate came 3.9 from 4, hourly wages under control, this is not going to cause jar eem powell to bite

fingernails, i like the direction, as jeff pointed out, comes despite the fact that jobs are scarce and tariffs concerns. ashley: we played a drinking game, every time stu said disappointing. stuart: i tell it how it is. the administration raised expectations, i raised expectations, i saw the 4% growth rate in second quarter, i thought we were going to get better. [inaudible conversations] >> we just went up which is what the fed looks at when they think about raising interest rates and what -- ashley: manufacturing is strong. stuart: i'm sure larry is listening to you, susan. mr. kudlow is saying susan is

right. we are up 36 points in dow industrials, 2 or 3 minutes up 37 points. now, the cbs conference call, they were on the call after reported profits that guy there, les moonves on the call, hey, you analysts, do not ask him any questions about the sexual harassments against him, they complied, no questions, bottom line david deets the analysts are not doing their job. >> nothing new to that, they are afraid of not having access. that's why i'm independent adviser. you've given my line today. >> investors count on the analysts, they keep trying to prove their credibility and they just blew that opportunity. they could -- they could have asked the hard questions and proved their credibility.

stuart: what do you say, susan? >> i was disappointed, as journalist ifs we wouldn't ask the hard questions we would be criticized, couldn't they ask about succession planning which i imagine has an impact on where cbs goes. stuart: analysts should not be in bed with the company and should not -- ashley: but to david's point this has been problem for long time. regulators was supposed to clamp on it years ago. what's happened, nothing. stuart: big story yesterday apple reaching a trillion dollar and reaching our show. it reached a trillion dollar valuation when it hit 207.04. it's at 206.41 right now. jeff sica, are you going to pull any cold water at all on trillion dollar apple? >> you know what i was up all night thinking about this question. stuart: you were not. >> i really was, here is what i see, this is -- this trillion dollar valuation is a tribute to

steve jobs and his innovation, the iphone is a trillion dollar product, but here is my question for apple, now that you've reached the trillion dollar mark, you've reached it by rolling out new versions of old products and, yes, the iphone is a brilliant product like few others in history, now what are you going to do, what is apple going to do, what's the next innovation, do they even have it, does tim cook have it, if they can prove that they innovate like some of the peers they continue to move up but they can't do it by rolling out new versions of new products. ashley: service's revenue -- >> plus in a sect or that 5 stocks that are getting all the capital coming into the market is going into those 5 stocks, apple being the biggest of them. stuart: very powerful position. now you've always supported the big techs, are you still -- are you still a buyer to have big

techs. >> i totally agree with what jeff is saying, where are we going to go from here, for them to go up 10% they would have to create another s&p 50 company, and i mean, how did they get here? they have increased price sales, they keep raises prices. stuart: if you own apple stock and now at 206, would you sell it? >> ring the register, absolutely you are suppose to buy on dips an bad news and not on spikes and good news. stuart: larry, welcome back to the program, good to see you on a very important day. i'm really backed up against the wall, larry because i've said that the job's report to me is disappointing, how would you characterize it? >> no, i actually thought it was a pretty strong report because

the headline number was a little below estimate but, look, provisions were gigantic, 59,000, you really have to add that, that gives you 215 for the month of july, i mean -- what's interesting here, hang on, the trends, you can't focus on monthly number. again, this is a strong number but the trends are really interesting, just notes here, 224,000 average monthly for the last 3 months and here is one for you, 215,000 for the average of six months. i think, stu, right now at least my reading of the strong economy, we are going to create 2.6, 2.8 new million jobs in 2018, that's a pretty good number. stuart: we have just got july numbers, first month of the third quarter, first look at the performance of the labor market and, indeed, the overall economy

for the third quarter and it's not up to speed, you've got 4.1% growth in the second quarter and now in the first month of the third quarter all you've got is 157,000 new jobs, i'd call that a disappoint about the future growth rate of the economy. >> well, stu, you're kind of having a bad morning on this pessimism, i don't know. you and i have to talk this out. [laughter] >> again, the number with provisions is 215,000, hang on a second, you have another data point, the manufacturing was very strong, now ism services comes out later this morning but the ism manufacturing is very strong, we've also had stronger numbers in chicago, the atlanta fed in their gdp model, gdp models looking at 5%. stuart: do you think it's realistic, larry, 4.1 the second, 5% in the third?

>> i don't want to fake a forecast, i'm just saying that's their number. but if you ask me is that plausible i would say, yes, again, we will be happy with 3 or 3 plus. but, yeah, look, two things here, look, i used to do business cycle forecasting at financial forecasting, stu, you have rock-bottom inventories and you have a capital goods boom, your durable goods orders, factory orders, that's a strong combination. low inventories, high demand for all kinds of equipment, is that going to get you 5? i don't know that, i'm not going to forecast that but i'm going to say like the atlanta fed, it's a plausible number and you have labor markets are still tightening. your average weekly rate average weekly wages plus 3%, that's pretty good number right there, so, yeah. stuart: i was ready to walk in on friday morning and give the great news that we were really busting out there with 200,000

plus jobs, that's why i'm a little disappointed. but i want to comment on your comment on the other news this morning that china is considering imposing tariffs on $60 billion worth of our goods going to china, what's your response to that? >> i don't know how to read that, i mean, it's actually not tit for tat, it's actually much lower than number than we have been looking at. none of this is finalized you understand. stuart: understood. >> let me just say this, the chinese have better not underestimate the determination of president trump to follow through and seek zero tariffs and nontariff barriers and subsidies and a level playing field and major reforms in ip theft and forced transfer of technologies, these are the -- these are the things we have asked them in a number of meetings, i've participated in most of this stuff and they better not underestimate the president, that's all i'll say,

let me make a second point, stu, if you look around the newspapers this morning and yesterday, i'm particularly keen on the south china post because they are right there, chinese economy is flipping across the board, that's one reason their currency is falling, it's not the only one people are taking money out of china, they are trying to pump up the money supply again, they are not in good economic shape so once, again, i will say they better not underestimate the determination of president trump to follow through on these level playing field trade reforms that are essential. stuart: are you saying the that president trump will not blink, he will not back off but maybe china will? >> well, i don't know about the maybe china will, i'm not privy to chinese communist party, they haven't invited me yet, but i will tell you this, i am privy

to what president trump is thinking and he will stand stuff, other presidents have raised this issue of china illegal and unfair trading and so forth, this president is the only one to follow through and stay with it as he must to protect the united states not only economic security and workforce but also to protect our national security, so they better not assume anything, the president is not about to back down and the best news, i think, is we are coming together with the european union to make a deal with them so we will have a united front against china and i think most of our trade team would tell you we are moving close on méxico, so this unifies nafta and u.s., europe, australia, japan, china is increasingly isolated with a weak economy, they know what we are asking, stu, that's my key point, china knows what we are asking, they just have not made

satisfactory responses. stuart: the news yesterday that apple had hit a trillion dollar valuation, that was major headline because it pointed out the power of the 5 big american technology companies, i mean, they rule this economy and their global corporations. there are calls to break them up or rein them in, do you share that sentiment? >> no, i don't. i'd have to see rings of evidence, i don't see it. i'm not a tech expert. i myself just got a new iphone from apple, it's really quite nice, has a red background and i really think that's terrific. [laughter] >> break them up, i'm not into breaking up business right now, i'd have to see massive evidence of some kind of -- i don't see it. i see major competition everywhere. stuart: when you get that kind of concentration of power, you get political calls to make some change to structure of that

power. for example, front page new york times today i'm sure you hit him, apple hits trillion dollar threshold at what cost, question mark, one it raises income inequality, that's what apple does, that's what big-tech does, raises income inequality, you want to do something about that? >> how many jobs you think apple has created? stuart: a lot. >> how many millions? seriously how many millions of people do they employ? how much productivity have they added to economy over the years? how much prosperity have they add today this -- added to this economy, the front page of new york times does worry about income inequality, i get that, god bless them, me i worry about prosperity and i worry about a healthy economy, i worry about getting jobs everybody around the country, worry about helping the folks midland, ordinary mainstream folks that will benefit from all of our

politics. you know, stu, others and by the way there's a thousand techy companies, four or five companies do not, quote, run the economy no matter what the times say, god bless the times, the backbone of the american economy and the reason we are resuming growth as we have for a long time historically is innovation and application and invention of new technological advances, tim cook the ceo of apple has done a great job, we have spent time together, i've had him to see potus, god bless them. there's no other country, no other country that has the kinds of technological breakthroughs and advances that the united states has and just to link that to earlier point, we will not let china steal our technology, we will not. stuart: sir, i was having a pretty bad day till you came along, now the whole thing --

[laughter] stuart: smile on my face all of a sudden. >> you have come along very nicely. i love doing your show, you know that. stuart: thank you, larry, we will see you again soon. >> you bet. stuart: what do you make, did you pick anything out of the interview that's real news worthy? >> you know i love larry kudlow he's doing a good job and one question that wasn't mentioned is effects on the consumers, that's my concern, would the consumer be affected by the war with china. not to say that it's not a credible war with china, what's going to be the effect on the consumer? the consumer is the core to have economy and we see prices go up the consumer will be affected. >> the wires have picked up the interview right away. they are picking up on the fact that larry kudlow that they are coming together with european union against china, focusing on trade. stuart: the trade issue -- we

did not move markets. ashley: are big tech companies getting too big, antitrust issues, absolutely not. he was very strong on that. stuart: no word at all. >> a couple of things, one is i think they are taking the long-term view on tariffs. freer trade, freer access and more protection for intellectual property are the key for global economic success. if we have to show a little bit of force here to get those long-term objectives i'm fully supportive of it. stuart: okay, we have the dow jones industrial average did not move during interview, we were talking about trade a lot and normally when you talk trade there's a possibility of a negative headline, that did not happen, we are up now 36, 37 points, pretty much where we were when we started that interview. anybody got anything else? anything else? anything else? [laughter] stuart: he was bullish on apple. that's true, no movement on apple, 206. >> let's talk about monopoly and tech, tech is the last area that

you want to break up. technology by itself keeps things breaking itself, how long we were using motorola and nokia, five years from now it will be something different. stuart: whenever corporations create that power and money, these guys are sitting a trillion dollars worth of cash, you will get a political response. >> of course. stuart: they'll always -- ashley: income inequality. stuart: it will be challenged because of the sheer size and power. >> my question is president trump addressed the amazon issue in a very different way than larry kudlow address apple. does amazon fall into the category, is amazon going to be left alone to grow the way they are because president trump has been very critical of jeff bezos and amazon, so what is going to be the outcome of that? stuart: fair question, we did talk trade with larry kudlow headline being that europe,

america, méxico, canada, australia united to isolate china. >> and china should not underestimate that he will be talking tough on trade. they've picked up as well. stuart: dow industrials are moving up, now down 40 points, we've got it. i think we are done, i think we are, we will take a commercial break, pay the bills, that's how you do it. we are up 40 points, that's how we are going out. we will be back with more varney in just a moment. ♪

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stuart: larry kudlow president trump's chief economic adviser on the show 5 minutes ago, he said china trade wise is now isolated from europe, america, australia, japan, méxico, canada, the market kind of liked that, moved up just a fraction. he disputed my characterization of the job's report as disappointing, he said no, it's not, you're having a bad day, we are up 46 points for the dow, 25,372, a couple of individual stocks to look at, look at this one, blizzard, the extraordinary video game call of duty, it's realistic as it comes, they did not give a rosy forecast, that's the problem for the stock, it's down nearly 3%. how about go pro, yes, they have

a rosy forecast and new products and, yes, the stock is up 14% but i'm still incline it to call it a one-trick pony. >> you know what they lostless money than anticipated and expecting to be profitable sometime in the back half of this year, full year of 2019 but the shares have lost 95% of value since ipo. used to trade at $93. stuart: yes, it did. >> now at $6 and change. you know, there's intense competition coming from lower cost chinese makers, camera makers. stuart: day trader's paradise, you can buy a thousand shares and sell it ten minutes later if it goes 5 cents. you cover transaction. there you go. pay tax on it. let's get back to am, the trillion dollar market valuation, they are now more valuable than what? ashley: who, what and where, anything you care to mention almost. the economies of entire

countries, saudi arabia, bigger than that, netherlands, turkey, argentina, sweden, next one singapore stock exchange, also saudi arabian stock exchange. apple bigger, worth more. u.s. budget deficit estimated at 793 billion at the end of the fiscal year, how about the cost of world war i, bigger than that, vietnam, the iraq wars, all of that. >> inflation adjusted? ashley: inflation adjusted. >> wow. stuart: inflation adjusted? ashley: that's what they say. top 10 richest people in the world combined net worth, those 11 people still not worth 1 trillion and that includes bill gates, warren buffet and mark zuckerberg. 1% of the world's gdp, 5% of the u.s.' gdp. that's the value of apple. stuart: kind of gets stunning. ashley: can go on and on.

stuart: pretty soon you're talking real money. cardless atm from chase, you don't have a card, use this, smartphone, another side of the time? supposing you don't know password? >> that's why you have facial recognition. ashley: contact russian hacking. stuart: what's my password, i should have gotten message from moscow. >> all passwords, all stored in the cloud. stuart: is it? >> yeah. [laughter] stuart: dow is up 39 points as we speak. we keep hearing that socialism is on the rise, the lady is socialist and one election in new york. socialism on the rise? i don't believe it. i have a reality check for you, my take on socialism is next.

stuart: we have been reporting a lot of good news on the economy, yes, it is booming despite today's job report, there are plenty of jobs available out there and wages are rising, we got that, the economy is looking pretty good. also been reporting the rise of socialism, alexandria ocasio-cortez is just about everywhere in the media. she's the new democrat darling whose far-left ideas are taking over or so we are told. just yesterday she said the economy is broken, filled vacant luxury homes with the homeless she says, measure the economy not by gdp but how many people have homes, when you say stuff like that you make headlines especially if you're headed for congress, but is she really leading the movement that will grow to dominate the democrat party, are there really that many people that buy the socialist line? i'm not sure about that. for a start, only 15,000 people voted for ocasio-cortez when she won primary in new york, 15,000,

that's it. there are 300,000 voters in that district. she mobilized the far-left base and that's about it. and who exactly believes that the economy is now broken, how many people think the government should guaranty everyone a job and provide everyone with a basic income and free college and medicare for all, how many people buy that, when the economy is actually in very good shape and getting better by the month, it's hard to believe that middle america accepts the socialist line as socialist venezuela collapses and neo socialist europe goes through in-law crisis, surely america will look over there and say, please, not over here. if it's a contest for the hearts and minds of america's voters between trumpism and socialism, i have to believe that trump wins. if the democrats really want to exercise power again they should nit this so called movement in

the bud. record unemployment, second hour of varney & company is about to begin stuart: rnc spokesperson caylee kayleigh mcinerney will discuss socialism. she says democrats embracing socialism is losing strategy. the dow is up 38 points on the dow industrials. jobs report, 157 jobs reported. the services sector moved up a little bit. ism came on 10:00. wages moved up 2.7%. that was in the jobs report. the dow industrials. how about the big techs. got to check them. facebook is up, continuing a

modest rebound, up to 1$77 a share. back to the jobs report. i characterized disappointing. larry kudlow disagreed with me. >> if you ask me is that plausible, i would say yes, again we would be happy with 3 or 3 plus. stuart: i'm sorry, that was larry kudlow referring to future growth in the economy. i asked him about the possibility of getting 5% growth in the next quarter. he said it's plausible, okay? got that. joining us market watcher david branson. what say you about this jobs report? >> well, yeah, i definitely do not think it was disappointing, stuart, but the difference you have to look to is the three-month average. the revisions in the last couple months higher were dramatic. so you have a 224,000 per month

average over the last three months. the month by month, up and down movements are way too volatile, unreliable. we've been smoothing it, the way we look at it for a long time at the bahnsen group. this sy highest three-month average for a long time. stuart: i stand corrected. i withdraw my disappointing word. i don't know what i substitute in its place. underwhelming, says the producer. we like that underwhelming. next one, david, china threatening to impose tariffs on $250 billion goods going to china. hear what larry kudlow had to say about that one. roll tape. >> we're moving close on mexico. this unifies, nafta, u.s., europe, australia, japan. china is increasingly isolated with a weak economy.

they know what we are asking, stu. that is my key point. china knows what we are asking. stuart: david, that is larry kudlow on trade with china. you heard him, what he had to say. what is your response? >> yes, i like most self-respecting americans listen to your entire interview with larry this morning. that particular piece sticks out as indicating exactly what their strategy is. it is about finding leverage points. it is about getting to a point where they showed china, that we're in a position of strength. we want a better trade deal out of it. i don't believe china is playing from total weakness. i do think more other countries that gang up on them, the more dramatic, leverage point becomes. but ultimately, it comes down to china's ability to see how they can save face. this is administration dealing with something they never had to deal with before. and i think both people are going to be able, both sides

will come out claiming some sort of a victory. but i don't think it is over. i think we have aways to go. that means continue the volatility in u.s. markets. stuart: got it. david, thank you very much indeed. the dow is moving up little bit more. we're up 61 points for the dow industrials. positive news on the service sector came out six minutes ago. that's helping the dow. maybe i got it wrong about the jobs report. i leave i will underwhelming as opposed to disappointing. we're up 58, 59. now listen to this. listen to the fireworks between cnn's jim acosta and press secretary sarah sanders during a white house press briefing. roll tape. >> you did not say that the press is not the enemy of the people. >> the media has attacked me personally on a number about occasions including your own network. said i should be harassed as a life sentence. when i was hosted by the correspondents' association which almost all of you are members of you brought a comb median up to attack my

appearance and call me a traitor to my own gender. stuart: that is not the response jim acosta didn't get the response he wanted. when he didn't get the response he stalked out of the room. i think the man was totally out of bounds. >> i agree. part of this look at this, animated of the people, the press, a fundamental part of our democracy and freedom does not do its job. you saw that played out right there. jim acosta, once again made himself the story, he made his own job the story. it was an attack on a women who is just trying to impart information to the press about what the white house is doing and in a very volatile world. yet for that fellow, it was about him then he became an infant, stomped out of the room when i din get his away. that makes you effectively in larger, broader sense enemy of the american people. did he ask what is happening about europe? what is happening with the

economy? what is going on with china and north korea. about american crime, about ms-13. no, it was about jim acosta, that is his failure. stuart: at the press briefing top of the line people looking after america's security. they appeared. there were no, from acosta at least, no questions of them about real substance there. >> right. stuart: oh, no, it had to be about him and media. >> they have abandoned their charge. they have abandoned their charge, which is important to this republic, for the american people to get actual information that affects their lives and whether or not jim acosta is happy is not of our concern. we do not care if he is upset, if somebody appreciates him. we want information. and that particular network is failing because they do not provide it. this network survives and does well because americans of all stripes know they're going to the get information they need to live their day and to know what tomorrow will look like. that is our job. stuart: you're hired! >> thank you. it was easy. stuart: i have got more for you.

hold on. >> all right. stuart: "the new york times" defends hiring of their new tech writer. she has a history of posting racist and ugly texts. look at this one for a start. oh, man, it is kind of sick how much joy i get out of being cruel to old, white men. ashley: lovely. stuart: i open my mouth to politely greet a republican but nothing but an unending cascade of vomit flows from my face. they have hired this lady, despite those tweets or texts whatever it was. but they did not, they actually fired another tech writer who made nasty comments about gays. what is going on? >> that was another woman, another tech writer in february who they hired to do the same sort of job but fired when older tweets of hers came out as well. the difference is between the two, that first writer, dealing with issues regarding african-americans and gays had offended progressives, that was that problem. in this case, you're looking at a young woman who actually i think will fit in quite well

with the new york types. who has a history on their editorial and opinion page of racialist editorials, questions about can my children ever be friends with white people? that is actual headline. charles blow writing about the white extinction fear amongst white people. it is very racialist. it is a framework that seems to me to create some kind of division and resentment between the races. i think she will fit in quite well. she said tweets were pushing back on people racist to her, blaming targets of her own tweets. "the new york times" buys that, in their statement reiterated that effectively. remember the job she gets. taking on editorial board position. which means there will be no bylines. i think people, ideas should be in the public realm to push against them. in this case suddenly will be

anonymous. it will be effectively couched in the cloak what you get with the a anonymous editorials at a newspaper. we learn more about the "new york times." it's a shame. i'm not a fan of people getting fired for having awful opinions but in this case it now will set is the tone. she is in that board of set of ising the tone for the position in the of the newspaper which is to seek to change societal opinions and that becomes a problem. the american people now know that that is the case. stuart: i'm tired of my culture being directed by "new york times." enough already. >> enough americans are as well. stuart: i'm done. tammy, thank you very much. >> my pleasure. stuart: evacuations underway in virginia. officials warn a dam could break, literally at any moment. heavy rain in lynchburg could collapse the structure and flood the city with 17 feet of water. we're on the story. big names like renaldo, kylie jenner, make millions of dollars for just posting on

instagram. evidence there is a lot of money to be made if you have a ton of followers on social media. we're on that story for sure. new numbers show fired up liberals raised more than a billion, billion with a b for democrat candidates ahead of the midterms. should republican worry? rnc spokesperson kayleigh mcenany is next. ♪

stuart: one billion dollars, "usa today" says that is how much the online fund-raising platform, act blue, raised for democrat candidates ahead of the midterms. come on in kayleigh mcenany. rnc spokesperson. can you raise a billion dollars online?

>> we certainly can. when you add up all the republican together, rnc, ccnc, and republican candidates, no doubt about it, we're doing better than democrat at rnc. we have five times advantage over the dnc. we're doing great. stuart: wait a second. that is billion dollars. are you telling me that the republicans raised more than a billion already? >> we are on pace with the democrats when you add up everything. i looked on opensecrets.org. party structure at 625 million. democratic party structure 525 million. that doesn't count candidates. yes we are on pace with them. if not exceeding them. we have 200 million-dollar data operation we built over last few years. democrats have nothing close to that. stuart: can you tell us, three months to the election in november, can you tell us where you might put some of that money? you got a lot of money there. i think you have some input on

where it goes, into which candidates. what would be your strategy? >> we have deployed 500 men and women across the country throughout the states. so, people on the ground, is number one. number two, our data and ground operation. this is so important, stuart. people don't realize, this isn't necessarily persuading entirety of the nation. this is about reaching a small group of persuadable voters. very small group. how do you find those voters? through data we have been aggregating. democrats have no operation compared to the sophistication of our operation we were able to pinpoint .1 percentage point how michigan would turn out in 2016. that is because what we have built. stuart: as of right now, are there any undecided voters? i thought everybody retreated to their side and weren't talking to each other, that there is not much left in the middle? >> believe it or not, there are, stuart. we had interns talking to them

yesterday. undecided voters, quite a few out there. stuart: how do you pinpoint undecided voters using computers and technology? how do you do it? no we look at past voting records. how have you voted? are you registered republican democrat or independent? we have internal polling data suggest this is someone undecided. not only that we aggregate information about individuals, their preferences, not just political. we want a full picture who the individual is, what matters to them. we can pinpoint the exact doors to knock on. stuart: just hold on for a second is. i want to roll a sound bite from alexandria ocasio-cortez, the socialist, where she blasts capitalism. i know you have written about this, kayleigh. listen to this. >> new york city right now has the greatest levels of homelessness since the great depression. that is the result of a broken economy. our economy needs to work for us. and we need to measure ourselves, not just by gdp but how many people have homes in the united states.

so long as suffering is a for-profit enterprise in this country, it will be incentivized. stuart: kayleigh, i read your stuff. you think that if the democrats go far left socialist, they lose. it's a lousy political strategy. but, there is a lot of support for that. i mean if you're being offered free money, i will give you a 1000 bucks a month for guaranteed income program, that is attractive to people? >> it may be but, if she wants to make this argument, against her leader bernie sanders on national stage, i can tell you what our party will be doing. put bernie sanders calling for socialism. we will juxtapose this of pictures of people fleeing venezuela. that country elected democratically a socialist leader. now people are fleeing the country. they have no food. horrendous what is going on there. we will juxtapose it from pictures from the soviet union, china, russia, places where this has failed. we're ready to i can mat argument. want to make it, by all means,

cortez. >> we want it. stuart: thank you, kayleigh. good stuff. >> have a good weekend. stuart: congresswoman maxine waters facing questions about her fund-raising. one of the faces of the anti-trump resistance very much so we have the group who filed the complaint. what did she allegedly do? i do want to know. new york city facing big problems. subway system, soaring rents, homelessness everywhere. who is to blame, the mayor de blasio? we're on the story. i have an answer. of the pacific ocean. we're the most isolated population on the planet. ♪

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stuart: happening now, new sanctions against russia. who? >> they are targeting a russian bank and couple of individuals here, bottom line, doing business financially or facilitating business with north korea, in violation of sanctions put in place by the united nations, keeping strong iron fist on these things. stuart: it is not anti-putin but messing around with north korea. ashley: certainly it is, you can't do any kind of business with north korea. they do mention weapons of mass destruction related. stuart: hit them. ashley: that's right. stuart: got it. now this, want to look at "usa today," the headline therein. new york city today, slow subways, slum projects, soaring rents. new york clearly has a bunch of problems, i want to know susan, who is getting the blame? >> does it surprise you? mayor bill de blasio. you judge new york and big city on three things, mass transit, public housing, rent control.

anyone taken a subway, have you taken the subway in the past year? stuart: no. continue with your report. >> i won't even go through, when stuart last took the subway. mass transit, basically, slow, never on time. some people complain it smells like urine. that is not a pleasant way to travel. ashley: especially in the summer. stuart: mayor gets the blame. >> public housing of course. people can't get homes in public housing. there have been a lot of frauds in terms of people handing in fraudulent claims. then rent control, as we know, it is very expensive city. it is getting more and more expensive. stuart: homelessness. ashley: don't forget homelessness. stuart: the problem with a far-left mayor, de blasio is a far-left mayor, he starves enterprises for capital. the money doesn't flow to the subway system or housing stock. it flows to the workers. that is not a good way of keeping your capital stock, your subways housing, up to snuff.

ashley: infrastructure. >> when you campaign on a platform to make the city better, people have more affordable housing you don't come through, there will be pushback. stuart: you get the blame. now we have this for you, the nfl, the preseason, kicked off last night, game between the bears and ravens. the important point, no protests during the anthem. brian kilmeade. he is coming up next. i want to know, is this maybe the beginning of the end for the anthem crisis? because it went well last night. we'll see. see what brian is going to say. the left's attack on i.c.e. continues. democrat candidate for new york attorney general now shays she will prosecute, repeat, she will prosecute i.c.e. agents if she is elected. how about that? we've come to this? ♪

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♪ stuart: that's right. we mentioned it the other day. the only song beatles ever recorded in foreign language is this one. i wanna hold your hand, in german. ashley: that is the language of love, he says tongue in cheek. stuart: that is so good, ashley. no wonder you're popular. okay. we have 72-point gain for the dow industrials. we're real close to 25,000. we just hit it, 25,400. big tech names earlier they were all down. that's changed. facebook and amazon are up. microsoft is up. apple and alphabet both down just a tiny fraction.

so flat to higher for the big techs. how about this? strong numbers from kraft-heinz. what does that mean? it helps the other package food makers. kraft heinz itself is up 7%. how does that grab you? let's get to politics. a watchdog group files two complaints over maxine waters fund-raising activities. come on in peter flaherty chair of the national legal policy center. could you explain exactly what you allege she did wrong? >> good morning, stuart. certainly. we filed a complaint with the federal election commission alleging that maxine waters in her campaign committee violated the federal election campaign act by accepting a 35,000-dollars payment for her so-called slate mailer from the campaign of then candidate kamala harris in 2006. now -- stuart: hold on a second. hold on a second. i have to stop you there. a slate mailer.

now was this something that maxine waters created, a slate mail letter? what is it? >> yes. she puts out these slate mailers. they're rare outside of california. she is the only member of congress who uses this device and she gets away with it because she sought and received a advisory opinion from the fec back in 2004. sort of carved out a loophole. we believe she exploited it in this case done so illegally. these slate mailers have been controversial for years. they have been criticized by both right and left. >> what is it? what is it? >> food -- good question. it is like a sample ballot. what you get from political parties before you go into the polling place. she mails them out before the election. it has her picture on it and slate of personal endorsements. what is interesting she charges other candidates to be on it.

because of the loophole the fec allows, they're able to make payments to her in excess of campaign contributions under the federal election campaign act. stuart: the bottom line, she creates a list of candidates which she apparently endorses, sends that list around, as a mailer, and charges the people on the list money for putting them on the list? and she got, what, $35,000, from kamala harris, senator harris. >> that's correct. it did not come from harris's campaign which would have been legal. it came from the campaign committee of california. that is the violation. we believe where there is smoke and fire. in addition we asked for an audit of maxine waters campaign committee. stuart: so it sounds like it is not glaringly illegal. it is technical illegal, would that be accurate? >> no this is illegal. it is straightforward. these mailers have been controversial for years but this

is the first time that there has been an allegation of illegality and we're working on another complaint which will be a more far-reaching result of the scrutiny we're giving her campaign filings now. stuart: give me a hint about that, more far-reaching complaint. what does that mean? >> well the way it is set up now, she takes in all the money but it is unclear whether the money is actually spent proportionally and properly on the mailings. it appears that her daughter, karen waters, is the primary beneficiary of this operation. she has received over $750,000 over the years for coordinating these things. it is unclear how much work is actually entailed. it does appear to be a karen waters primary source of income. stuart: okay. that is a more significant item i would say. peter, thanks for joining us this morning. we appreciate it. good stuff, sir. >> you're welcome. stuart: now i got to show you the dow jones industrial average. show me that please.

because before we go on, we're gaining some ground. the dow industrials are now up 78 points, 25,400. we have interview with larry kudlow on this program earlier. he mentioned trade. he says china is isolated. that europe, america, mexico, canada and japan are united against china. ashley: this is interesting. normally china comes back, we're start this tariffs on american exports, that is signal for the market to go down. not this time. stuart: not this time. 10:00 eastern time, 35 minutes ago we received a positive word on the service sector of the economy ism is the technical word. it is still expanding nicely. that is what is helping the market. we're up0 -- 80 points. ashley: jobs report as it is, underwhelming you changed from disappointing, helping the market, keeping the fed out of the way. if it was too hot they may be

tempted to jump in when more rate hikes. stuart: yield on 10-year treasury, 297. something like that. so i guess you could say there was positive impact from the jobs report which i found underwhelming. ashley: we got you. stuart: 36 minutes past the hour of 10:00, joining us live on the radio is brian kilmeade. i want to bring something to your attention, brian. zephyr teachout, a democrat running for new york attorney general, listen to what she said about i.c.e. roll tape. >> i.c.e. was born in xenophobia, in the time after 9/11, and has grown up to become a tool of fear and illegality. as attorney general i will continue to speak out against i.c.e., i will prosecute i.c.e. for their criminal acts. stuart: what? potential attorney general of the great state of new york would prosecute i.c.e. agents. your response? >> couple of things. she is not in a vacuum.

kamala harris mentioned things like this. senator gillibrand of new york said exact word and virtually running for president. cory booker indicating the same thing. i.c.e. are the bad guys and women, the ones that wear flak jackets to work, because they have to go in and clean up situations where people here illegally are committing crimes. so to me, what i found the strangest, outside the music in the background, the democrats actually know this is loser with them. they actually know it but they can't control the rest of their party. stuart: you think it is a loser? if you put this to the vote, if there was referendum in state of new york, you said, do you want i.c.e. to be abolished, do you want i.c.e. agents prosecuted, you think majority of new yorkers would say, no, we don't want that? that is where you're coming from? >> people have to understand, and you get this, stuart, new york is not new york city. you have long island and upstate new york and they feel much differently than governor cuomo

all of his sycophants are getting into one scandal after another. he is trying to outliberal his very liberal mayor buddy, and i use that sarcastically. there are some people that feel that way, but not numbers get democrats seats in the house and senate. i don't think they're speaking for many people. there is a legal immigrant community probably doesn't love hearing from i.c.e. but a lot of legal immigrants came here the right way and are not thrilled with people who came here the wrong way. i do believe they're talking to a smaller and smaller crowd but the crowd has passion, just like socialists have passion. you see numbers, it is up 250% for the next generation, 20 to 30 yearlies, they are loving socialism. they are growing in chapters across the country. they're also growing the abolish i.c.e. crowd. that is the best ink that could happen to the republican party in the midterms. stuart: i think so. bring this in nfl, bears and ravens, game last night, all the players stood during the

national anthem, before the preseason game, no incidents. do you think that things are beginning to calm down, if last night was kind of watt i to go? >> when i see eagles and 49ers i will know. i do think they're calming down. the union is talking to the envelope. the nfl backed off mandate they put out in may reportedly they did not consult the union. they are proud progress they made. they told jerry jones, that every cowboy will stand with heels on line to stop speaking about it. he doesn't like taking orders. number two, i love what their quarterback said, dak prescott. there might be problems. i love this country. now is not the time. when the national anthem comes, that is when we stand. not the time to protest. which is exactly what we've been saying. we didn't say society can improve in america. we always improve. we said that is not the time to do it. that has been my point all along.

the blowback he got worries me. it worries me, someone will be afraid to say exactly what we know is right. stuart: mickelson, tiger woods, thanksgiving weekend in vegas. who have you got? >> tiger. he is playing much better than phil mickelson. kind of two rivals, never got along, kind of resented each other, are coming together to cash in. that is the american way. means nothing except to them to make a lot of money and network. that is why you defected from new zealand. you defected. we took you in. i had the deciding vote. stuart: do i get a word in edgewise here? >> yes. stuart: they're rolling their eyes i agreed with you when tiger woods would beat mickelson. ashley: i said woods yesterday. stuart: susan li is agreeing with me. >> you're going with the odds. that is not interesting. stuart: i bet with woods. your moment of glory is over. >> glory is over? see you later, stuart.

stuart: see you, son. a piece of land, a parcel of land overlooks beverly hills. this parcel of land is on the market for one billion dollars. in our next hour, we'll talk to the letsing agent for the property. is this a publicity stunt? you stick a billion dollar label on it? >> this is beautiful. >> you get headlines and on this show. >> stuart: iran may be flexing muscle or trying to. launching boats in the strait of hormuz. this is part of a naval exercise. maybe that is a challenge to us. the story is coming up.

♪ ashley: larry kudlow joined us last hour to talk about the latest jobs report, and, he told stu not to be disappointed. take a listen. >> well, stu, you're kind of having a bad morning on this pessimism riff. i don't know. you and i have to really talk this out. no, again, the number with revisions is 215,000. but you know what? hang on a second. you have another data point, ism manufacturing was very strong. ism services i think comes out late they are morning but the ism manufacturing is very strong. we've also had smaller numbers from chicago. the atlanta fed in the gdp model is now looking at 5%.

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holiday inn express. be the readiest. stuart: solid gain thus far. 73 points up, 25,400 is the score on the dow. now this. iran has started naval exercises in the straits of hormuz. come on in walid phares, former trump policy advisor. we're reporting that they're launching a lot of small boats, a naval exercise, possibly as a

provocation, hey, we could close the strait of hormuz if we wanted to. they are not folk do do that, are they? >> they could do the actual exercise. they have done it before. the question is, how far will they go? will they actually block the strait or not. the iranians can't if they want, damage the international passage. the united states can intercept them, stop them, damage their own capacity. brinksmanship of capacity with gaming with us. i think that the united states is very much attend tiff to what they're doing, will respond if the iranians will cross the red line. stuart: that is rather weak threat, if they try to block the straights of hormuz and block passage with 18,000 barrels of oil a day -- ashley: 18 million. stuart: 18 million, if that happens, iran's economy absolutely collapses.

it would be economic suicide if they are doing what they suggest they might do? >> let's look at it from the iranian economy, their economy is getting strike after strike, in their view with demonstrations taking place inside the country, they are collapsing slow motion. this could be injection, so the international community would say we don't want any problems, especially the gulf nations. the gulf nations are just across. they are very concerned about any iranian action, not the united states. so this is a very daring game by the iranians, forcing or thinking that they could force negotiations. i'm not thinking this administration will buy that. stuart: walid, do you think there is a good chance, i don't want to put odds on it, but a good chance, within a relatively short time, maybe a year, the mullahs will be overthrown by their own people? >> greatest question of the year. but let me tell you this, if we do what we have to do as u.s. allies and our allies in the region, but backing politically,

just politically the opposition and civil society, there is a great chance. we've seen it in 2009, in june of 2009 when 1.8 million iranians were demonstrating in the streets of tehran. unfortunately then, the obama administration abandoned them. imagine we would have saved eight years of stability and history in that region. stuart: yes indeed. mike pompeo, secretary of state, met with turkey's, turkish officials today. he is pushing for release of the american pastor, andrew brunson. the administration slapped sanctions on turkey, two turkish officials i should say. are we going to get this guy out? >> you know what, stuart? i'm very intrigued. i am never intrigued in general by issues but this one intrigues me i have to understand the equation, value of jailing this mass store, versus relationship with the united states, that should be a no-brainer in turkey. why are they resist ising that on one hand? and on the other hand the fact we put those sanctions means

that it is not going well. this doesn't mean it won't be resolved. it will be. turkish leadership -- stuart: this is another case after country like turkey has dire straits for its own economy hand is no position to have sanctions put on it. >> the sanctions are not just economic and not just on leaders. the real impact for turkey which is traditionally our ally in nato is domestically. the domestic opposition will say, hey, the government doesn't have real good relations that they claim with the united states. that is why the sanctions were very narrow, only designate ad couple persons, couple officials but i think in ankara, there is serious search to find a resolution but saving the face at the same time. stuart: our strong economy gives us leverage against hostile

powers overseas, iran and turkey. walid, thanks. >> thank you. stuart: total change of subject. celebrities of like kylie jenner and christiana renaldo using instagram. how you can get paid by having a lot of followers on social media s about potential investment opportunities in real time. fidelity. open an account today.

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stuart: if i were to say advertising is changing rapidly that would be the understatement of the decade i do declare. social media is changing the whole face of advertising. people with large groups of followers, like kylie jenner, like christiana renaldo, they get paid enormous amounts of money for their posts. come on in the president of the influencer marketing division of launchmatics. welcome to the program. >> thank you. pleasure to be here. stuart: let me start with this. kylie jenner did one post about calvin klein, is that accurate? >> yes. stuart: that was worth, not what she was paid, was worth $1.8 million to calvin klein. >> that is according to our data

scientists. when they do analyze data impact value of one of the her posts compared to traditional advertising and print, online advertising, try to come up with a way or metric that represents a true value. this is what we came up with. stuart: that is what you analyze? >> if you think the high price they are demanding versus value they're creating, so much lower than the value itself. stuart: i'm told kylie jenner has 11 is 2 million followers. do you care about the quality of those followers or the 112 million. >> we do. a lot of brands care by about the quality. the beauty of technology, there is a lot of transparency in it, and a lot of different tools, analyze the data, analyze the quality of the followers, how engaged they are, or do they match the brand followers. if she is working for certain brand like calvin klein, important to understand there is overlap in the audience, because

if it doesn't it doesn't make sense. stuart: working for waste management is a different than working for call line klein i would suggest -- calvin klein. what could you do for me? >> you need a significant following. stuart: we have the most watched business news program in american television. case closed. am i worth something here? >> the next step, to look at audience to see the brands. stuart: wealthy people. we have the richest audience in american television. >> you need to create a profile for you and put together to try to see if brands are interested in creating content with you. today it is all about when you work with influencers, it is about creating custom content on behalf of brand, so it is content and this is alternative to traditional advertising. stuart: i'm out of time. you are the only person that ever made data mining interesting to our viewers and to me. well-done indeed. >> thank you. stuart: come back and see us.

>> would love to. stuart: good stuff. thank you. there will be more "varney" after this. ... if you're turning 65, you're probably learning

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call today for a free guide. stuart: friday morning, 11 got easton and all eyes on the economy. emerging trump economy. after that i was disappointed when we first got the job number early this morning only 157,000 new jobs added in july and the uninformed rate did take down to 3.9%. i will change my tune ever so slightly because i think the job report was underwhelming. this is the july report meaning it is our first look at the economist performance in the july through september quarter. i was looking for the number do not get it. quotations have been raised to cover the performance of far and what the in ministration has been sane but we didn't get that big number. white house remains bullish on the economy in the president's

top economic advisor told us earlier today he would be happy with 3% growth in the third quarter and that is solid and sustainable, he said. by the way, he's forecasting a 5% growth rate in the third quarter and that would be a remarkable number. china threatens tariffs on $60 billion worth of us goods he has a message for the chinese. do not underestimate the determination of president trump. he says the us is built in international trade coalition against china. big news on a big day for your money. the third hour of party and company starts now. >> we will create 2.62.8 million new jobs in 2018. i don't make a forecast but i'm saying that is the number but if you ask me is that possible i

would say yes. we will be happy with three or three plus. stuart: 5% plausible, he says. that was larry kudlow and you saw him right there. were now up 51 points for the dow jones average, 25377. paul conway is here, former labor department chief of staff and david making his first appearance on "varney & co." in a while. much. >> much too long. stuart: he's the cost of - what's the name of the show? one of the few foxbusiness shows with a spinoff of "varney & co.". mr. conway, to you first. i now characterize the job support is underwhelming, will you take issue with me? >> no, i'm not. to have a good report need to have 120,000-$150,000 the jobs created each month.

this is underwhelming and disappointing but one report does not make the trends. if to keep the focus and see whether these numbers are updated in the next 30-60 days. stuart: they could be revised. >> that's the main point. it's a mistake to box these numbers into one month. the rolling numbers in the revision of the previous two months, 59000 to the upside and upside revision more than overwhelms we were 25000 electric patients awaiting uptake of video thousand and you have to think of this not as a woman thing but a rolling numbers, stuart. rolling number. stuart: if they come out and said we have 300,000 new jobs in july 20 think we be saying - [inaudible conversations] >> larry kudlow turned you around. didn't he? stuart: he tried. now, this one is for you, david. larry also talked about trade unless built upon that, go.

>> were moving close to mexico so this unifies nafta and us europe, australia, japan, china is increasingly i cited with a weak economy. they know what we are asking, stuart. that's my key point. china knows what we are asking. stuart: he's made it clear the president trump would not back off at all. >> first of all, tony love larry kudlow? how can you not love him? i'm so glad he's in the trading but the president has. he's a fear fair trader and instead of it being the united states is world wanted to turn it the world against china. china is doing a lot of things that are not right and not fair and proper in our legal according to wto's which they signed on to in the year 2000 and breaking rules that they themselves financially. instead of the united states against china and against canada and mexico in europe it is the

world, our allies, against china and is a very important distinction. it's great that larry has turn this around. stuart: often when you get a trade headline the market reacts in some way but did not happen. stuart: by the way, another point larry makes right and glad he's with trump the great trade deficit has widened and grown our trade deficit with the rest of the world and yet, were going as a country. larry and i don't think the trade deficit alone is a good indicator of economic growth. you should not go by the trade deficit alone. he's trying to turn the president around in the numbers today prove that it's right. stuart: i want to talk about apple for a moment. it had that trillion dollar evaluation yesterday. let's listen to say what larry kudlow had to say when i asked him if he thought big tech should be broken up. >> how many jobs do you think apple has created? stuart: a lot. >> how many millions?

how much productivity have they headed to this economy? stuart: a lot. >> how much asperity have they added to this economy? month, the front page of the new york times does worry a lot about income inequality and i get that. god bless him. to me, i worry about prosperity and healthy economy and worry about getting jobs to everyone in the country. stuart: you could say i was schooled by larry kudlow earlier this morning to paul conway, what you think about the idea of reining in and limiting the extraordinary power of the big american technology companies? >> is working to the mind that what you're watching is a transformation of the economy. when you look at apple or amazon is more than one company that is indicating a dynamic in the economy. as a conservative, no, i'm not be an advocate of reining them in. keep a close eye and i think other countries in the free

market to take lessons. absolutely, creating wealth. look at the retirees and folks who depend on that stock who watch stocks dipped over the past eight-ten years and were now seen benefit and turnaround for the personal wealth. that's a good thing. stuart: don't ring them and you agree with larry kudlow. what does david say? reporter: i would add one thing to the brilliant comments about income disparity for as everyone is salivating over the wonder of democratic socialism with alexandria ocasio-cortez we had eight years of administration but that is nothing more important in the economy then correcting income disparity. they had policies, socialist and liberal policies, designed to correct that in the income disparity grew. it is now getting better in terms of poor people raising up their standard of living. the poor are becoming middle-class in the middle class becoming rich in the policies of the free market too much more to cure problems of income

disparity than the solutions, so call, of the socialist or liberals. stuart: by the way, three and a half, 3.5 million people have been lifted off food stamps since president trump was elected. 3.1 million since he took office. i call that a big positive. i know you will not disagree with our. >> no, look, was deputy secretary of health and human resources for the state of virginia and served with jake timmons at the national association of manufacturers and the president of heritage nation. what we saw clearly when we did welfare reform is this. if you put in the policies that grow the economy creamer jobs where people come off the roles of dependency including the gems. they are not, if you look at people on food stamps, why are they on it? there trying to take care of things. they're not looking at it like a handout. no one believes that route to independence but under this economy and his policies you are seeing people come off at a

record rate and that's a tribute to the policy and philosophies that are connected. stuart: one line from jfk and he said it all - a rising tide lifts all votes. thank you very much paul conway and david. you can catch david asman, what's the name of the show? >> after the bell. stuart: that's a nice - are you wearing that this afternoon? >> i only wear for your show? stuart: let's check stocks. amazon stockholders would like it to get to 1 trillion evaluations but only goes to $2080 before hit the trillion mark. 1827 right now. cbs, ceo appeared on the, called to discuss the results and the analyst were told don't ask questions about the allegations against les mnonves and they

obey. what are analyst for? the stock is down 30 census morning. how about tesla? big rebound for the stock yesterday after elon musk appeared to clean up his act on his conference call and it's a bit more today. $3.52. apr energy track frequent guest on this program usually comes to talk energy and natural gas and has an interesting success sto story. i learned today that michael jackson played an integral part in batman with his success. we love success of this program so he's coming back to tell us how we did it. he did not go to college by the way. in this. we report the google plans to launch a censored search engine for china. here is the question, why is google okay with making a product like that for china but not okay working with our own military? remember, they do not renew that contract with the pentagon because it upset employees.

of course we are watching the big story which would be your money. dow of the tie of the day, later we got the man who said the study of opportunities right here in the american market. stay with us. this is the third hour of party and company. ♪ 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.

stuart: have i got video for you. protesters formed a human chain to block the i.c.e. office in colorado. take me through what happened. >> as we know the calls for boycotts of i.c.e. and i.c.e. officers continues to go on. look at this. it was yesterday. they refer to there's been a national call it any opportunity to try and make it difficult in any form or fashion. colorado decided to set up a chain of people who bought cars

coming in and out of the office. this is the dialogue we heard before. we've had candidates saying i will prosecute i.c.e. officers for what they are doing. they are a terrorist organization. it is continuing to gain momentum and i hate to tell you but it is true. taking action against i.c.e. in some form or fashion. i was in colorado forming a human chain. stuart: i can't that's a vote winner. abolish i.c.e. but i can't see that - >> gop has so far said carreon. it will work for us. stuart: let's go to tennessee. diane black, kurtzman, favorite to win but lost. she lost to an underdog conservative businessman, bill lee. president trump tweeted about it this morning.

matt is with us, american conservative union chair. matt, vice president pence endorsed diane black but she still lost. is that look bad for president trump? did president trump lose? >> in full disclosure, i also endorsed diane black a lot of us thought she was the best candidate but the president felt the need to stay out of this race. i think one of the reasons he did is that he thought that these other candidates should fight it out themselves. mike pence made a commitment to diane that he would support her and how to do that commitment in the right thing to do. he's a man of character. stuart: you're talking about the power of a trump endorsement, are you saying if trump had endorsed diane black, she would've won? >> anyone that trump would have endorsed would've on this primary and has the power some of trump has. stuart: listen to the exchange between cnn jim acosta, white

house press secretary, sarah huckabee sanders. roll that tape, please smack you do not say that the press is not the enemy of the people connect the media has attack me personally on a number of occasions including your own network and that i should be harassed as a life sentence. on the first press secretary in the history of the united states is required secret service protection. >> president of the united states should not refer to us as the enemy of the people. >> have addressed this question in personal feelings and here to speak on behalf of the president. he's made his, clear. stuart: that is not the answer the jim acosta wanted so he talked out. he made a show of stocking outcome as well. poor guy. matt, i'm appalled. i do not want to see any member of the white house press corps getting personal with the president's press secretary. it's flat-out wrong. >> yeah, anyone who works for the president, as you know my wife works with the president and have to deal with this. jim is way off base here. the fact is the president did not say everyone in the media's

vagueness but he does not believe you are fakeness, store. the believe that there's plenty of people sitting in the white house briefing room were not fake and trying to cover the story but cover the facts. that's all for asking. were not asking for fake propaganda coverage but cover the facts. don't make up facts and have the washington post come out and say that the present lies seven, 908 with their own mouth is flawed. every time i go on these tv these groups say i like. the left does not own the truth. the truth is given to us by god and we should search for it and not try to use it to play politics. when the press does it they are undermining the very reason for having the first amendment which was never responsible press that would keep the american people informed that they can vote correctly. now that going on democracy is in peril. stuart: the press is not the opposition party. matt, i'm sorry it was so short. you want to say we like we are today. come again, soon.

we will start with the price of oil. sixty dollars a barrel as we speak. no effect on the price of oil from these iranian naval exercises. national average for a gallon of gas, $2.87. that's up about 1 cent from yesterday. residence in baltimore raising a glass to guinness. it opens its first brewery in america in six years. it will bring 160 jobs to the area and focuses on brewing guinness blondes, american lager. never heard of it or seen it. it will be sold - >> millennial's are just not drinking beer so guinness is coming to america to get into craft beer. stuart: that brewery will function as a business center. they have special tasting rooms and tours and food. blonde guinness. in canada they put - >> how can one person do that? stuart: pellets on, the video streaming stationary bikes

living towards going public. plus eternal pellets on raised 500 $59 from the financing and moderating that amount of money that the total value of pelloton at $4 billion. that's for stationary bikes. get that? they don't go anywhere. venture capital firm which led the round of financing called the company quote, the netflix of the fitness. >> i would not call it that. stuart: check out the seattle space needle. the first revolving class for 500 feet above the city. it slowly rotates once every 45 minutes and provides a dramatic 360-degree view as part of the space needle's 100 million-dollar renovation project. that was a pretty good commercial writer check out - did i get it right? we will be back. this isn't just any moving day.

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your mobile phones mobile wallet. you don't need the physical debit card. check this one out, too. the mercedes on your screen is bulletproof. it's got a long name. the 2018 angus mercedes gm three. it's a fire suppression system, perimeter surveillance system with infrared and thermal cameras recording moments outside - >> where you drive this thing? stuart: i'm not. price tag $1.2 million. nasa back to create 3d printer to homes on the surface of mars, that is. there called hives and look like beehives. the house for astronauts, four levels, lab and lower-level kitchen and the top two floors of a recreation and bedrooms and semi-enclosed private sleeping box. that is for mars. not new jersey. up next, will deal with google. the reports it will launch a

censored search engine just for china so google is okay with working with censorship there but not with the military. member, they do not renew their contract with the pentagon because it upset employees. now he will show you portland, oregon. they have a helicopter flying in the middle of that. you can't see it but - oh, it's a shot. not bad. cloudy. it is portland, oregon. (. [laughter] i can do more to lower my a1c. and i can do it with what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin.

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♪ ♪ pp1 to them holiday inn express. be the readiest. stuart: a modest rally up 67 on the dow just shy of 25400. in july it was reported 157,000 new jobs were added. i call that underwhelming and let's leave it at that. joining us is entrepreneur and cio and frequent market guest on the program. welcome back treatment, i characterize the report as underwhelming or disappointing. i do not think is great. >> i don't think it's that bad. remember, it's not that bad but remember that most of the job growth is coming from about 100 companies and the job growth is not equally bread through all

the companies we've got three large entrepreneurial companies creating almost 1 million jobs compounded each of the last three years with job growth is not even. we also have to factor in there's activity and to naturally and which is about 50% over last year's record numbers, 1.8 trillion, swimming factor in the mergers and acquisitions in the fact that there are 826 billion propose going forward it's not so bad. stuart: not so bad. you take 157 - i got to say, we discovered a nugget in the report. is that right? >> claims that the layoffs showed a massive drop off in sporting goods, toys and those types of items that provided the blow the perhaps we do not anticipate. we know that toys "r" us what they went through and that could account for some of the disappointing overall number.

>> i would agree with that but again, you recognize that 25000 and and a transactions and record numbers last year was record and were 50% ahead and maybe more and this time last year there was $1.1 trillion worth of transactions terminated but nothings terminated this year. when we factor in all the m and a and is primarily big companies we are seeing layoffs and their only a handful of companies in the us right now they're going fast but were seen generally good news. stuart: let's move on to big tech. apple hit the trillion dollar valuation yesterday. i got a headline from the new york times. apples 1 trillion milestone reflects the rise of powerful mega companies. they actually want to bring them in. >> no. stuart: do not ring the men? >> no, let these comedies grow. there creating the growth in our economy. stuart: the times also says

apple hits 1 trillion and income inequality is made worse by these. >> no, these companies get big and they get old and die. think where walmart was 50 years ago. gm, 60, 70 years ago, old mortar company, they get big and they die. the average life of an s&p 500 comedy is 50 years. the average life of a ceo is about three-five years. it's like an nfl running back. they come in and then they're gone. they're good for a short period of time and the company's growth but then we have entrepreneurial companies and the economy is built on entrepreneurship and we have a lot of great art for new companies that will be the next apple or amazon or google. they will critical frog coming be one we love to hear this. you're so enthusiastic and you back it up with facts.

stuart: google reportedly planning to launch that censored search engine just for china. joining us now. he represents former google employee, james the more in his dissemination lawsuit against google. google would not renew a contract with the pentagon because it upset employees but they're okay with going to china and making a search engine that could be censored for them. that's a conviction, isn't it? >> it sure is, stuart. beyond that there also setting up an ai research facility in china according to this report. at the same time there dropping the pentagon and sending that business in china. more sinister than that is that google will be required under chinese law to hand over data about its users in china at china's demand. even though he might search for something blacklisted or blocked or censored on the special

search engine the government will find out what you tried to search for. that's pretty evil be one i would say is in google's motto do no evil? >> a job three years ago. stuart: good job. i'm glad they dropped it because that's not accurate. you cannot refuse to do business with the military because you work on an artificial intelligence and that might be used in combat but you're probably okay with handing over artificial intelligence secrets to the chinese. what we do about this? >> i think it's something that congress should do something about. many years ago google had a search engine that was censored and based on complaints from american lawmakers they dropped it in 2010. now, i guess, they think maybe people are paying attention to the issue and they can do it. even within google this was kept secret. it's only as a result of the documents and one whistleblower approaching the intercept that

we been able to find out. stuart: fascinating. president trump or president obama wants to fuel mileage standards to be 54 miles a gallon. president trump wants to drop that and freeze it in 2020 at 3. california is suing to reverse president trump's move and sit on the rnc in california. what you make of this lawsuit against the fuel standards? >> well, this is a common battle between our administration and overregulation around the country and this is one of the issues. twelve other states cycle for the also have the same higher fuel emissions standards. there's a 60 day waiting period. the attorney general of california and the governor that they will sue the admin station has that it's open to negotiation over facing the things in but on top of that are california lawmakers are claiming that the fires that we have that are raging through

estate are a result of pollution. a couple days ago it was a result of global warming. they use whatever is convenient at hand to justify the regulation. there is still room for a deal to be made 122nd. how many republicans are there in california? >> over 5 million. quite a few of us. stuart: i can't believe it. [laughter] thank you for giving us that valuable information on what google is up to in china. we appreciate that. >> you got it. stuart: go pro has a rosy forecast and new products on the market. the thing is up 20%. i'm intrigued about new products. >> lower-cost hero camera that are now selling for 199 because the action cameras are in the $300 range so this is slightly cheaper but they been offering a trade-in program you trade in

your older go pro support neurons and like apples are working on their services ecosphere which is how you get customers to come back and spend more. i am so surprised that the stock is trading at $93. long time ago it feels like. ipo day. stuart: and now it's $7.22, one walmart testing a robot that can pick up groceries. it's another story about getting rid of low skill jobs. >> there called alpha thoughts, mobile carts that if you put in your order online they will do part of that gathering of goods for the store employees. the get the frozen goods and refrigerator goods and pilot it all in and it speeds up the process of handling online orders. you will need humans to test the freshness of those peaches,

apricots and even a steak. the frozen goods they believe is more efficient and testing them out. they can throw it in the cards in the back of the store and give it to an employee. stuart: it saves on labor costs and more efficient. >> not for people who don't want to shop online like you, though. stuart: i don't. i like to go and pick it out. >> rub the oranges. [laughter] stuart: special announcement here. you remember apr energy, the man on the left right there is a frequent guest on the program, great guy. he usually comes in to talk about energy but he's got an interesting success story. michael jackson played a role in his success story. is an irishman came to america and did very well. we have a story for you. michael jackson is part of it. meanwhile, that is jacksonville, florida.

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>> i'm nicole with your foxbusiness free. an engineer with ties to chinese companies was arrested and accused of stealing ge files.

the stock is up tenth of a percent. fbi agents search his house on wednesday. they seized his passport electronic devices. they have details about the chinese government give to individuals if they provided technological information. looking at a picture of the us citizen. he was hired in 2008 by general electric to work in the power division. corporate security knows that he's copied at least 19000 files from ge's computers to his own and even concealed a document into the code of the sunset. very innocuous way. now he's under fire.

stuart: we thought it was pathname video. that's a wall of dust over phoenix. the visibility is near zero with a thick cloud blanketed the area. astonishing pictures. as in phoenix, arizona. the only reason for showing you this is because it's incredible video and we can. we like to show you all parts of america. now this. this man came to america and came as a tax tour stage crew member for the rock 'n roll legend. this man is john campion, he's with apr energy as a chair but

today he's with us talking about success. you came here, how old were you? >> twenty years old. june 6, 1924 from ireland and most of my generation from ireland and england we went across the world and went to australia or new zealand or america or canada. i ended up in los angeles and had an interest in rock 'n roll. i talk my way into a job and ended up working for david bow bowie. stuart: are you a crew member? >> i was a lighting diet which morphed into an opportunity. and all the lies there's a fork in the road. you go left or right and it's a risk to go one way or the other psychic risk and saved the show in manchester and david thought i was wonderful. that parlayed into working with michael jackson and he needed angel investors and venture capital so my first money to build the business was fronted

to me by michael. $100,000. stuart: he fronted $100,000 - michael jackson? >> yes, from his management firm. they were great people. stuart: what was the money for? to build machines, power generators. i built this power generation company at 24 years old and now powering michael jackson and i really funny story i was back and i had left court in 84 in ireland and i'm back in 1988 with michael jackson playing in cork to two sold-out shows in the power generation power and the whole show was my. stuart: and that's what apr energy is, isn't it? >> no, i sold that business to general electric and bought another business long story short, i bought and started apr energy 2004 and build it up to about 500 million-dollar business and went public in the

uk. stuart: this is a typical varney? you sold it after four years - >> i sold it in 2000 - yes, i did. i sold it for quite a bit. stuart: we like success but don't be shy, 10 million or 5 million? >> i did very well. i was able to buy my first ferrari. stuart: that implies you made $1 million at least. >> i did well, thank you very much. long story short, i start another business and with great people who worked with me angry customers we built that business up and apr energy sliced generation on the world and about the people who work there. stuart: that's a commercial for a company. >> no, here's my story. to go from michael jackson who took a bet on me, 24 years old and invested in me and now we were able to put power in puerto rico after the hurricane. michael jackson to puerto rico

helping people is good story. i'm thankful for the people who saw something me at 24 that i do not see myself. stuart: that's you and - >> the governor of puerto rico. stuart: that's right. you're a successful immigrant and you're now an american citizen? >> absolutely, yes i am. stuart: no more green card stuff? >> i join the club. i vote. stuart: what you think of trump? >> , and, what he's done for this country and the people who work for me and for investment is phenomenal. we are a country - all my business is international and wherever i go internationally be at south america, southeast asia, there's a different respect for america today you won't hear that in popular media but i will say it. stuart: we love success. thank you for bringing it to us always a pleasure. stuart: next time we talk energy. [laughter] i will find out how much you sold that come before. check this out. this is a clot formation over

texas look at that. looks like an angel, does it not? stay out of this. >> i'm not inward. stuart: becoming an internet sensation. driver took the photo over highway 105 the photo on monday. gone viral in this confirmation lasted a short time so the driver was in the right place at the right time and now everybody >> he was driving and taking pictures is what you're saying? stuart: it's a great fixture. next, the listing agent for the billion-dollar plot of land that overlooks beverly hills. i think there's a bit of publicity stunts winship going on. we will get to that in a second. first off, the new york city skyline and that's the empire state building. can do ♪ ♪ into booking a hotel.

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leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. there's also a lot to know. the most important thing? medicare doesn't pay for everything. yep...you're on the hook for the rest. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. a plan like this helps pay some of what medicare doesn't. so you could end up paying less. and these are the only plans of their kind endorsed by aarp. selected for meeting their high standards of quality and service. call unitedhealthcare insurance company now to request this free decision guide, and learn more. like, medicare supplement plan, give you the freedom to go with any doctor who accepts medicare patients. it's nice to have a choice. and your coverage goes with you, anywhere you travel in the country. we have grandkids out of state. they love our long visits. not sure about their parents, though.

call unitedhealthcare and ask for your free decision guide today. stuart: we will start our real estate report with this. it's a house built on excluded island in the middle of a lake in new hampshire. on the market for a couple of weeks and has three bedrooms, fireplace, beach, boathouse and its in meredith, new hampshire.

we think the price tag is? >> 2.2 million. stuart: that is what the prompter says. we bring it up because it's beautiful and that's home number one. next, a huge and undeveloped plot of land, 157 acres in california. the act sticking price there is a record $1 billion. the property does overlooks beverly hills and all of los angeles and is useful. come on in. the listing agent, president of pacific luxury estate. aaron, look, try to sell it to me. first question, can be subdivided? >> the property can be subdivided but we really believe that the best value in use of the property is for one buyer, one billionaire that will want the ultimate compound. stuart: that's right you put the billion-dollar price tag. you wanted the marketing and commercial and you want to people like me to invite you on

program. >> you know, to be honest, we really believe the best use of the property is to keep it intact. it's 158 acres and has the best views in los angeles. it's unbelievable to be private and we believe that it wasn't necessarily a stunt in terms of price. based on what were offering and the fact that it's unattainable once it sold we believe in our price and what were offering. we even turned down specific offers the people have been interested on this property. the value of the price based on other opportunities and houses that are similar in terms of square footage with smaller lo lots. stuart: you're looking for the super wealthy people, a thousand people could probably afford a home worth $1 billion. that's what you're looking for? what that person if they want to build on the property will they have a zoning problem? >> absolutely not. it's ready to be built.

when the calibrated who are buyers would be we estimated that there are 2800 and 50 billionaires in the world and of those we realize there's only 50-100 actual buyers that would want to build and buy this property. our target is those 150 buyers and they are in the property is ready to be built. you could really do whatever you want on this property. the beauty of it is you can build as big as you want with unobstructed views unobstructed heights and is a one-of-a-kind opportunity. stuart: is the price negotiable? if i came to us at 800 million, how about it? >> is always up to the seller to decide what ultimate prices. like anything, we assume everything we market is negotiable. so were here to make a deal. stuart: almost out of time, aaron, but if we do sell this for a billion dollars would you take the five or 6% commission?

>> so, you know, a good salesman i learned that i never tell my commission but we do have a very sizable commission. i never counted before is closed. stuart: aaron, your good salesman. good stuff. hank you for joining us. i'm sure we'll see again when you sell this thing. >> thank you so much for having me. stuart: i promise there is more varney after this. that is oakland, california. no, no it's not. that's the golden gate bridge looked at on the oakland site. that's the bay area. i used to go over that everyday. can you copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators

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♪ ashley: we were so fascinated by the video we brought it back. this is a dust storm. >> this is the monsoon season, kick up wind north of phoenix.

they generate winds, push all the dust from the desert down into the city. absolutely remarkable. >> it is. i always associated monsoons with heavy rain. that is dust storm. really something else. our time is up. charles payne in for neil today. so, charles, it is yours. charles: stuart, have a great weekend. we have busy two hours on "coast to coast." i'm charles payne in for neil cavuto. economy cooling in jewel the economy adding 157,000 jobs, but white house economic chief larry kudlow he told stuart varney the economy is showing no signs of slowing down. >> this is a strong number but the trends are really interesting. just some notes here. 224,000 average monthly for the last three months. here is one for you. 215,000 for average of six months. i think, stu, right now, at least my reading of the strong economy, we're