and it kind of rocks so look out. elon musk and tesla really quickly just discovered on twitter that autocorrect for lyle lovett is -- >> jack brewer see you later that will do it for us "varney & company" begins right now. here's stuart. >> good morning everyone. you know, we just went through one of the most bizarre and frankly troubling episodes in business history. here's what happened. out of the blue elon musk tweeted that he was going to take tesla private at the a cost of $72 billion. and he said he had secured investors who would come up with the money. as you can imagine that was a bombshell. the stock went up and then halted and then reopened and closed with a big gain. what's going on here? i can't remember such a large and powerful technology company being rocked in this way. the questions began immediately. who are these investors prepared to put 72 billion dollars into a

company that pays no dividend and loses money? elon musk will show investors really exist or he'll be accused of market manipulation or making false claims. where did he come up with buyout number 420 per share. stock was treading around 350 before his tweeted announcement where did 420 come from? is elon musk the right guy to be running this company at this time? a tweet storm throwing arranged huge dollar numbers, concerning a culting edge futuristic high-tech company is bound to raise a lot of questions about the maturity and yes frankly the stability of its founder. it is a unique situation. it is thrown shareholders and relgt force and into confusion, and we're talking about a visionary company with a visionary leader big deal. this is the money story of the age as. "varney & company" is about to begin.

♪ let's deal with politics voters headed to polls yesterday here's the latest on results. kansas governor's race is too close to call. chriskris kobach has a lead over chris collier and got endorsement. john james wins primary in minnesota he got president trump endorsement. then there's the house special election in ohio. trump backed troy balderson taig a narrow lead against democrat challenger danny o'connor he's claiming victory. backed by trump. greta democrat, beats sanders back in senate primary in michigan in other words, the the endorsement of bernie sanders didn't work well. so let me throw this out of the company, it was a good night. >> was it a good night for the democrats? >> for centuryist saying fix the

road so alexandria cortez beaten back and that's a warning shot for republicans into the midterm. >> i think ashley that that ohio special election -- i think that was -- sthont have been so close. >> no, it was not they pumped in how many four million bucks to go against the 31-year-old democrat a recorder and it has raise door thin i think that's definitely the coal mine for the republicans -- with trump country. >> it was. undoubtedly so very, very disappointing for gop. >> if i sum it up like trump endorsement works and bernie sanders, alexandria does not work that well and things not looking really good in the house in september. >> centuryist democrat seems to be theme of last night. >> interesting. we have a lot more on this guarantee. look we do politics and money -- [laughter]

where do we open this market? flat to slightly lower is answer down about 20 on the dow. now, the story of the day, the stock of the day is tesla. as wees told you, chief, elon musk wants to take the company private it told the world he made twitter storm late after a the yesterday afternoon. the stock premarket today, down $7 that's nearly 2% lower. i need help with this one. market watcher shaw pane economist john are going to help me out to cover this thing. at first of all, shaw, would you buy tesla stock this morning? >> absolutely not. and full disclosure we were short tesla and broke even on that but we lost about 25% when stock zoomed through past our stop level so we took a hit on that. would i buy it absolutely not. first of all i have no idea where elon musk will come up with the money. with they have to come up with at least $50 billion whoever puts up that money whatever they get gatter to put that up

together, they still have 11 and a half -- billion dollars of debt on the company. the debt it service on that kind of borrowing to facilitate that kind of a buyout unheard of and unlikely in my opinion. >> scraib -- they refer couple of billion dollars but unlikely to back that up. >> john. [laughter] twitter storm in the middle of the afternoon did he do anything wrong and break the law? >> i'm not a lawyer but he may have broken the law it is a question of show me the money where he comes up with funds to finance this type of transaction. this would be by far the largest lbo ever attempted to previous record high was set in 2007. it dealt with texas electric utilities, and this particular lbo by the way even though the cash flow from the utilities is -- it exist. it was material. it went bankrupt in 2014. they couldn't make it. that was a $36 billion he's

talking about something in excess of $50 billion. good luck. >> 2 billion. that was musk's intent he said, quote, secured funding. so you know, how do you use debt to do an lbo for a cash flow negative company that has a boat load of debt. so market is is not believing because he's saying 420 a share look where it is trading 380 the market is not believing elon musk. it is a highly unusual move i cover corporate accounting scandals and corporate accounting for wall street journal never sawing anything like that tweet. >> let me go arranged here really fast is he the right i guy at this time to be leading this company? >> people love him say absolutely. now there's a lot more questions about it. right, guy he's somewhere between piper and pt bottom but right guy with the genius to do it and may kill his career. >> okay john right guy? >> you can't lead with tweets put it that way and there's a lack of substance. question was he try aring to take out the short? with that tweet to make the stock go up?

trying to hurt people who were betting againsts tesla? >> for sure. saving that and he say they're part of the problem in terms of the company stock and problem with employees looking up and down and he's with the short sellers but -- manipulation trying to get back at them. >> it is legitimate he doesn't like it. he takes it personally what's interesting board of the state ding a tweet to did all of this. that should be -- capped by regulators. we heard a new world of this that he's pushing back via tweet and manipulating stock higher. we have a three hour show with a lot of time and we have to get into this -- [laughter] kidding me from tesla let's go to disney. came out with their results late yesterday but real story is they're streaming division -- they laid out plans for their streaming operation, they're going to fight netflix and amazon with their streaming division. john they're late to streaming game but they have a ton of content to back up their streaming when --

>> this is right a business where there's a great deal of competition and i can't help but think that margins will thin over time and they have careful not paying too much for this -- broadening of content that they're now aim aing to do. would you touch disney at 115? >> aisle looking to buy lower disney is go to stock to remain in terms of the distribution business disney a home run. >> yeah, i mean when they start streaming with all of that content i think they can -- very late to the game in the streaming business but when they come in they're like a jugger naught like the economy. president trump predicted that economic growth may top 5% in the next quarter. john. >> i think growth will be closer to 3% you know we did have the atlanta fed gdp now forecast that started out at 5% earlier month. since it has since dropped to about 4.5% because consumer

disappointed bilateral sales from month of july to june. >> dream on it is not going to happen. >> it is not going to happen. not 5% let me tell you exactly what he said. the presidents speaking at a at his home in bedminster do we have the sound on that. can you roll it? go ahead. >> close the record -- gdp no felt anywhere above even close to two when we're at 4.1 i think we're going much higher. i think we're going to be -- [inaudible conversations] and again numbers that people wouldn't believe but more importantly much higher than in the the fives. >> john is rolling his eye on this one. however, shaw if question got 5% growth in the third quarter, what is the stock market do? >> goes through the roof. if it's not offset by bonds loss in other words interest rates are going to be high and fact that economy is going a lot faster than expectation i think we get push back from the market. 5% growth is ambitious and it is

possible. >> ambitious. but it's -- trying to be pouf what you got john? >> 3% economic growth is going to deliver the the tine of earnings growth economic market and by the way, you know, amidst this fear over tesla, the market value of common stock and index set a record high yesterday. so quietly yeah new record high. breaking the previous record high of 26 of 2018. gained in total stock market value about eight or nine trillion since the election of donald trump. >> way up there. i think it is going to go higher maybe not that dramatically but edge higher. a block coverage -- and disney we got it all in ten minutes not bad. check future where do we open 20 minutes from now dow stocks up and down a fraction 17 down on the dow 20 down on the nasdaq. you've got to check this out. a $2,000 foot long floating trash collector tore launched

into the pacific ocean. it will cruise arranged and scoop up all of that garbage that is floating arranged all of those plastic straw it was all dreamed up by a 23-year-old college dropout we're going to try to tell you how this thing works. medical headlines for you. new study shows your chances of surviving a heart attack may be better if your doctor is a woman. what will dr. marc siegel say about that one. he's coming up on the the show. new york city mayor bill de blasio blasting fox news. he says we would be a more unified country without fox news. you're going to get my take on that one top of the 11:00 hour, and this -- this is it. this is the tweet that started it all. elon musk here he is, considering taking tesla private at $420 funding secured. question -- did musk violate laws by sending them out yesterday? we have a former fcc attorney who will answer the question. next. the fact is, there are over ninety-six

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wednesday august the 8th we're going to open this market with a mixed picture, the dow is going to be down it be 10 points not much. and in the premarket actually i've got facebook, up again that's important. they're recovering and continuing their recovery 183 on facebook as of now got it. higher prescription drug sales at cvs and they've announced a partnership with the company called and cvs will let you video chat to get a prescription or through cvs market like it is up nearly 5% big gain for cvs premarket. now this one for you. this is lizzy's story. a giant trash collector is targeting pacific ocean what's this? going arranged plastic vaws? >> the ocean cleanup project stuart this is being called ocean pac-man, it is a pipe system that is five football field lengths long a net that drops below ocean and it is

going to aim for the great pacific garbage patch twice the size of texas and pour into the ocean every year an trying to go after that first, and they also at the same time want to stop the plastic pouring into the ocean from rivers and that's a big problem out of asia asia is doing a lot of pollution there. >> how do you not pick up fish? >> it is a nine foot drop down into the ocean and fish can go underneath and out. >> ave question. who is paying for this giant net? >> 17 million nonprofit by others, and -- >> come on stu get with the program. get with it. sickening and poisoning the ocean. no problem with that whatsoever. do it, please. we've got to get back to tesla. here is the tweet that started it all from elon musk. here it is, am considering taking tesla private at 420 funding secured. joining us now former fcc ceo goodie am i right in saying that

elon musk now has to prove that he disease have investors ready to put that money in by fund he's got to prove that hasn't he? >> he does indeed have to prove that and fcc is ultimately going to be the decision maker here. but he's going to have to prove that these -- conversations have been ongoing and pupgding is indeed secured. otherwise this is fraud. >> now, has the process started already? i know you're a former fcc lawyer. but i would imagine that as soon as those tweets went out the fec red ling flags went up and started asking questions am i right? >> i would assume red flags are up already so fec is probably watching. i don't know exactly what they're doing inside the building as of yet. but that you are probably waiting to see how this transpires what unfolds. and -- will likely be looking into it. >> what about the use of the word considering -- am considering taking tesla private. considering -- i don't think you're supposed to use that kind of expression when

you're talking ab 72 billion dollar deal, are you? >> right well he seems to be hedging a little bit in saying that he's considering it. the company is considering it. but still when you make this kind of a big decision, it's really the biggest decision that a company is going to make whether a public company is going to go private. that has to happen and a proper disclosure and something that is going to have the why -- efficiently and fairly across the marketplace. >> now, i'm reading between lines here what you're saying it shall and it doesn't sound to me like you're really enthusiastic about what elon musk has done and may be in trouble here. >> i think so, i think so definitely because you don't blurt these things out as an officer of a company. of a public company you can't blurt these things out the on twitter. there's -- specific disclosures that have to take place, and you have to do this in a wide, broad information -- and in putting up on twitter it doesn't meet those rules. so there's different

regulations, regulation to make sure that the communication is proarpght, and then if you say anything that's not true, or you mislead in any way, or you will admit material fact which is you're going to do in a tweet. a tweet is very small and a big transaction like this is -- nearly impossible to get all of the material information out in such a small amount of words. so very likely he omitted material information. that fec will ultimately be decision maker here but this is obviously irresponsible and reckless use of twitter by ceo. >> irresponsible and reckless by a ceo that's strong language there theresa goodie but we freerkt you coming on the show and telling us all about it by the way stock premarket is now down about $10 per share. thanks theresa. we appreciate you being with us. thank you very much indeed. all right, check futures. we are down about what 14 points for the dow 20 points for nasdaq flat to slightly lower for this days opening bell. new york city, voting on a new

rule today that could cause some big problems for über -- and passengers -- and maybe make your ride to work more expensive we're going to explain that one in full after this. let's begin.

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breaking news on tesla look at

this. tesla says the board has met this week. now what to they talk about? >> met several times apparently talking about taking the company private and evaluating that very idea which does give more validation to elon musk who didn't just on a whim tweet this out yesterday. doesn't get him off a the hook when he said, financing secured that's a whole other issue. but on this issue, it wasn't just on a whim apparently to his point he said we've been evaluating tesla board has verified that that >> that news just broke and hasn't made that much difference to the stock it was down $10 a fewen ms ago. now it is down 969. it is not anxioused to all of the question by any means but input that is coming at us. next case über new york city, is going to vote on restricting the number of über cars in new york city. why are they doing that? >> lift cards because they are saying there's a lot of congestion. that number of for higher cars has more than doubled since 2011

when über launch sod uber and lyft for higher app cars that are getting capped at existing licenses no new licenses in they want more pay for the drivers. so this could set off a ripple effect around the world and also hurt über evaluation of 48 billion. i say it is a win withing -- >> i presume used to back up existing medallion tax in new york city which have been losing grounds and something rotten okay. let's check out the the stock price of tesla please because that is the the story of the day and stock of the day. 369 is price on tesla that's down $9.80 from yesterday close fast moving story of great importance. we're on it opening bell next.

right before opening bell and indictment against new york congressman christopher collins for insider trade. >> we don't know what involves but also his son cameron collins indicted and his son fiancé's father who goes by name of steven. it apparently this just coming out the report details have collins allegedly met with officials of national institute of het to discuss development of a made by the company whose

board he served on so sounds like biotech insider trading indictment against the congressman and his son. >> okay. all right it is wednesday morning moving on to market. which is about to open -- literally in e 3-or four seconds time a market that is dominated in tesla. which starting off where we are, we're down 13 points down 14 okay a minor league's loss to the very beginning of trading for dow industrials. that is just a fraction of one percent now we're down 20. check out the s&p please. is that also down broader market indicator yes it is. a fraction lower .07 .08%. nasdaq technology stocks where's that opening up this wednesday morning? same story down a fraction of 1% .05%. so we're flat to ever so slightly lower. now the big one, tesla it has opened at the 370 a share. it is down 9 bucks a lot more on that coming up i promise you. how about disney, getting big into the streaming business in the future.

reported their earnings yesterday, the stock is down just a buck in early going. 115 is is the price. big day around this down here. so we've gotty need help. i always say i do, and elizabeth macdonald ashley webster and shaw welcome back christina. i'm starting with tesla. going private, christina, you're covering that story the whole day. right there's one part we've not covered that is money from saudi arabia. >> saudi arabia there's a reason why elon musk put out that tweet at 12:48 p.m. because financial times came out and said that the saudi arabia wealth management fund increased their stake and undisclosed amount if 3 to 5% in tesla. then boom elon says might take this company private at 420 why did he do that? he's showing everybody tech raise money if he had needs to and that's what he's done with saudis there and saudi arabia they're trying to diversify portfolio move e away from oil. blah blah but it makes sense. yeah part of the reason and --

he's got to show to get the rest of them. we're talking 72 billion dollars. 82 billion in debt it. so we don't know if saudi arabia debunks that or owns stake in -- tesla. which step in there because of china. and also chomp here they own stakes and über -- >> okay. market shows it down $7 at 372. could not believe in musk. this moment doesn't look because it is -- if it is 420 and market is at 371 this wednesday morning there's a discrepancy there which is the market don't believe it. are you buying it? >> certainly not buying it. saudis did not buy extra stock is out of the treasury and they bought is in open market and did nothing for tesla except boost by putting a bid under it so pony up another 10 or 20 billion and invested close to about 5% three and a half to 5% i think. so no would i buy it absolutely not i was shorted and got taken

out and stopped out. by break even i lost money on what i had yesterday so now, i buy it on this absolutely not? >> lost money -- [laughter] wow, headline -- right to take down before we leave tesla 371 down eight bucks. christina do you think elon musk is in trouble as ceo of this company? >> if he sells shares yes. but if he maintains them for now and fact that fec hasn't said anything as of yet they've waited. this is a long, these are hours and hours going on and they haven't said anything the fact that he put material information on a public domain twitter or blog so maybe that's changing precedence and this is how you can talk. >> okay. that done with tesla. you get your tens, i promise you. >> that was a great point. [laughter] i've got to move on to disney now they're going all in it seems to me on streaming laying the their plan to fight netflix and amazon. so -- is it a race streaming race that they can win shaw? >> they can actually i don't

know if they're going to win it but a player to contend with. this is a go to company and management team is absolutely the best in the business, you think, you know they outbid comcast for fox assets i think that's going to add to their content and capable so companieses have a long way to go higher i think taces great stock. >> high for me right now but i love disney. >> it is going to be linked next year when they go full board so taken them a long time when they get there but bob simpson you have nicky and luke skywalker under same roof with franchises, the the ajean veries going to be a very, very powerful force. streaming -- and only -- a rating to confirm to streaming material. no adult stuff. r-rated so that's next year. quick comment to the espn sports streaming there's hulu if deal goes through and disney flicks geared towards families and about bob iger yesterday was in past 24 hour, did say that streaming platform won't be as

vast as netflix and it will reflect a cheaper price. >> got the it. all good stuff -- yeah. really good amazing when you have people who know what they're talking about. amazon got to talk about that. people with the echo you know, you call shout to it do this -- well they're not using the echo to buy stuff. does anybody arranged here buy -- i think it's unnerving to say buy me something you would rather actually have some control over that purchase. >> what's that say? >> throwing out there i think there's a hesitancy to do that. well they introduce this thing and made it very, very cheap because they thought people would say buy me a -- my paper towels. yeah whatever. [laughter] they're not doing it. mostly used for asking what the weather is going to be or streaming music but i'm surprised that there isn't more retail done on this actually. >> it makes sense. >> trust issue. i don't think people trust it yet. it's eavesdropping on

conversation and that's why i wouldn't have them. >> wouldn't know how to work. exactly i was going to make that joke but i didn't want to -- it is opened it lower down $3 that's unusual. amazon leaves you reliably opens higher most day. check the big board we've opened it slight bit lower we're down what about 18 points as we speak. 25,600 is where we are. hostess -- [laughter] who could forget twinkies ding dong they lowered their forecast look what happens when you do that down it goes 16% lower. big problem. higher -- ding dong -- [laughter] all right, prescription drug sales at css going very well thank you, and they announce a new partnership with teledock to let you video chat with a doctor to get a prescription through cvs investors love it that's up 5%. then we have keurig dr. pepper rosie outlook that's good for upwith side move but not that time.

a half of quarter percent higher that's all it got. look at ford, the $10 millionth mustang and ford languishing at 10 a share. papa john sales down and not so yowsy rosy blamed it on john schneider qow touch this thing within a 10 foot pole? >> absolutely not, and things getting worse. it is partly about management and partly if the -- what's happened with the nl, the pushback from, you know, viewers who don't like what papa johns has said so nowhere are to go i think but down and not worth bottom picking down here. >> john sued the company right? >> so it has been -- litigation for a while now. >> like risk. yes. down it goes. the clothing retailer abercrombie and fitch going to let you pay with vinmo everybody

else know what is it is. i'm not so sure. christina this is -- >> don't laugh. i downloaded it, i can sending you money in a few secondings. >> i can walk into that with my gizmo right here. if you're a millennial. with vinmo and flash this thing and i'll pay. >> not aing system but alabama beer abercrombie but trying to gear to millennial and judger generation and it is increasing they just launched in 2009. and it is making cashless transactions a lot easier. >> what's the difference between that and apple pay? >> nothing. well except that if i'm taking directly from one account and apple pay is more efficient so i have to find the person and send to them. >> what was alabama abercrombie stock it is dead flat. [laughter]

they've been trying to get the rid of the perfume sale and shirtless men that go in there. have you ever walked in there when it was so dark -- >> yeah. [laughter] >> one of those -- >> enough of that. all right. i have a big number for you. samsung they're going to spend over $22 billion just in the next three years. they've got to focus on all of that money is focused on ai artificial intelligence. autotechnology and self-driving cars and 5rbgs g should apple be worried -- no. i don't think so. >> a is going to continue i think a high spot in that realm you know, tech spending has to increase for all of these companies because there's no way around it in term its of ai they have to move in that direction and made those moves and part that have deal they have to this is ash a character they have to play in. >> okay thank you very much indeed it is that time ladies and gentlemen that will be 9:40 earn time. we have time for this. we've got time for this.

president trump predicts that the economic growth may top the better than 5% in the third quarter that's the next quarter of the year you are shaking your head? >> i don't think so. i think, i think john said 3% maybe 3.5%. too much on hold is trade tariff battle goes on. >> take average for the entire year it is about 3.7%. so quarter -- no, 5% no 4%. shaw. possible not probable but possible. >> that you can't gamble. $1 right down -- and say the exact number for next quarter we could see it live right now. what do question think? for -- >> i have no clue and i won't -- [laughter] christina thank you very much for appearing -- [laughter] thank you christina thank you shaw, 9:40 eastern time check that big board -- hardly any movement at all we're down 7 points that's all you got 25,600. now, this might be the video of the week conservative candice

and attacked by anti-protesters. question -- why aren't more democrats condemning this aggressive near violent behavior? we'll answer the question shortly.

where are renow 13 minutes into the day and we're down dead flat down a point that's what we got. the president held a dinner at his home in new jersey yesterday. he held that dinner with business leaders. nicole come on in please because you've been talking to one of the ceos who is at the meeting at the dinner last night. what can you tell us about about it? >> it is very interesting no one knew what the president would discuss with the ceos i spoke with john a billionaire he's very patriotic he's the head of

the red apple group an known for oil and real estate, and they discussed an array of topics but here's thingses that stuck with him on immigration china, mexico web and oil here's what he had to say. on immigration, that is president may actually do executive order it is that would open up legal immigration for type of jobs that america needs. for u.s. expansion, and not support some of the college students that can actually help america. on china, he said that the president wants to do a chienl deal, china is very anxious, but the deal has to be right. also with mexico, a deal is getting close. lastly that the president of the united states wants oil prices lower. no one knew what they would be discussing but he self-made and very patriotic puts his time and his money on making this country better. and this is what we heard directly from him from the dinner from bedminster last night so see what comes out if i heard about 5% gdp growth that will be great too so continue to have this country grow. >> lest we forget 5% growth

preticketed bith president thank you very much for joining us see you again shortly and elections yesterday i'm going to focus on the ohio special election. a very narrow victory is being claimed by republican troy balderson he was endorsed by president trump. charles hurt is with us. charles, a very, very narrow victory for a republican in frump country. i don't think that's real good for republicans looking towards november what say you? >> no it is not. it's not, it's not real good because a horse's race should not be competitive at all but let's put it in perspective. the truth is that this is a special election special elections are always notoriously fickle they're hard to predict people don't turn out but a special election in the middle of august. which is even harder to get sort of people to focus on. but we have it hooked like a rate high turnout there. and a what that means to me is that fact that you have that high turnout actually could be

possibly good news because -- you would have expected with that kind of high turnout and democrats are very, very enterprised right now you would that thought that meant it would be a run away for the democrat and it wasn't. >> in other races, it seems that mr. trump's ins doorsment of chris cobatch make worked for him and john james maybe he's won and president trump endorsement is valuable. what say you to that? >> getting god at that and picking winners and he had trouble earlier, you know, at the start of his administration getting behind some -- some not very good candidates. but now he's getting very good at that. which is a very good thing. but you know, going back to ohio, i do think that important thing for republicans and for president trump to remember is, that he needs to make sure that people are scared that republicans are scared that they can lose races in solidly red districts people are complacent

and he's going to be in for a rude awakening in november. but if -- if he can keep that pressure on him and keep picking good winners i think that that -- that suggest something very good for november. >> okay we shall see i want to bring this up to you and most of our viewers have seen conservatives and charlie targeted by people in philadelphia -- we've seen this video it is pretty shocking frankly. why aren't democrats doing more to stop things like this because -- that's outright intimidation that borders on personal violence. >> yeah, i don't know. i don't know why they're not, and they ought to and here's why. because the more people see footage like this you have these two fine people that they're saying i love we love america. we love police web and they're getting heckled and jeers things thrown at them that's not a good look when people see that kind of thing, especially in the middle of an election, they tend say i don't know what's going on. but i'm going to vote for i'm going to vote for more

conservative party and law and order party with a lot to do why donald trump won in the first place, and seems like this -- you know they do nothing but hurt democrats. >> you know, if somebody putting a bull horn into one ear and blows whistle into the other my first response is get away from me. now that would an assault that's what people want isn't it? >> no. it is absolutely -- assault there's no way around it. and like i said you know politically it just -- only helps, it only helps trump and republicans i think. >> charles thanks as always for being with us i know we're going to see you again real soon. by the way candace director of communications at turning point rks sa in philadelphia she's on the show today coming up a bit later on. right, where with rewith your money we're down about 30 points on the dow industrials just 28 minutes into the day. question -- did elon mufng break the law

with his tweets about taking tesla private? judge napolitano says we will know answer to that question by the end of the day today. he joins us next. (phone ping) gentlemen, i have just received word! the louisiana purchase, is complete! instant purchase notifications from capital one . technology this helpful... could make history. what's in your wallet? 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. it comes in a once-weekly, truly easy-to-use pen. it works 24/7. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes or if you have type 1 diabetes or diabetic ketoacidosis.

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an extraordinary story, elon musk tweets going to take his company private, i mean, all hell breaks loose what a story one of the biggest news stories in years question did he break the whraw that stwirt storm who better to ask than judge andrew napolitano. why do you say that we'll find out by the end of today whether or not he wrote the law? because he has a very short window of time in which the demonstrate the second part of that statement. but first part i'm going to take the company -- private, the second part funding in place you're talking about 80 billion dollars unless he has that in a shoe box he's going to have to demonstrate where it is from. otherwise, he has perpetrated some sort of a fraud on his own shareholders. buzz he said funding secured. so now he's got to prove it but he's got to prove it today. >> he's got to prove it today and not have the cash on a table but a letter of credit, a statement from a bank. if a statement from his private bankers, however, we raise this

money. you have to put that tweet back up on the screen can you, am considering taking tesla private considering -- you're not supposedded to that for the giant company i'm thinking it be. you also don't announce something like this on twitter. but it is a different era are the president of the united states communicates official government policy on twitter. his announcement this have on twitter probably got wider circulation if he had done it on oscar you know, the website that you make these announcementses on. i have to say that market is the stock is only down a become 94. what's a trading at? >> it is 3.77 then they don't believe him but he has funding secured at 4:20 -- watch, elon musk say when i said secure functioning was talking about saudi arabia purchase estate. talk about -- >> a very serious problem then if he did that because he's -- all of the funding is -- you're going to ask me about a

shareholder lawsuit, they'll start tumbling in. he doesn't back up his words. as you know judge, the u.s. is announced the indictment of a new york congressman republican christopher collins and it is for inside tear trader. a trading is on board of a australian biotech company, according to the government. he said information about tests to his son who along with sons father-in-law executed trades. which basically defrauded the company on which he's board is that in >> one second judge i think we have a statement from collins attorney i think -- just got it. we will answer charges filed against congressman collins in you are the coand announce a vying is rows defense to clear his good name it is note thabl even government does not allege congressman collins had a share of innate therapeutic that's australian. son did it for him and confident it will be vindicated exonerated. rather an attorney for -- >> because he still run that's a political decision between him

and june state republicans this is safe republican district. they may want him out and republicans might -- to get a -- another candidate in there. because this could flip to the democrats which is last thing they want. congressman collins is first republican member of the house of respectives to endorse donald trump two years ago. >> that's right upstate new york. very, very serious allegation but look he could survive it so does senatormenen does survive trial are ended up in a hung jury and they decided not to reprosecute so end up with political decision and there are legal decisions quite frankly i think he should be more concerned about his freedom the legal decisions than about his -- politics. >> all right judge see you again this the 11:00 hour. thank you, sir. up my take on results. the socialist lost. more varney after this. copd makes it hard to breathe.

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stuart: in my opinion three things emerged from yesterday's voting. here we go. number one, an endorsement from president trump is valuable, it helps. in kansas at the last minute the president came out in strong support of kris kobach running against a sitting republican governor. kobach came from behind and is now leading albeit by very small margin but he is leading. in michigan senate race, underdog john james received the presidential nod, he came from behind and won. this suggests the republican party is trump's party and his endorsement is valuable. item two, the endorsement from the socialist left is not so valuable n michigan alexandria ocasio-cortez and bernie sanders campaigned for abdul sayeed. it was well-publicized, high octane endorsement. he lost badly.

alexandria ocasio-cortez campaigned for corey bush in st. louis, she lost by 20 points to established democrat. across the board, democrat moderates did well. the socialists did not. point number three, the special election in ohio suggest that the republicans have uphill struggle to keep control of the house in november. the election was held in a district that gave solid support to mr. trump in 2016, had been a republican strong hold for years. well the gop candidate, troy balderson, is in virtual dead heat with democrat danny o'connor. balderson leads by .9%. with 4% growth, manufacturing revival, record low unemployment it should not have been that close in ohio. the second hour of "varney & company" is rolling. ♪ stuart: 31 minutes in.

42 points down for the dow. 25,500. disney is a drag on the dow. it is down. earnings report late yesterday, a little disappointing. the stock is off a buck 50. more on that in a second. tesla, stock of the day, story of the day, story of the month actually. we have more on that coming up too. tesla is down two bucks at 377. big test, you have to check them every day because that is where the money is going. almost all of them are up. facebook continues its recovery to 184. amazon is at 1867. alphabet up four bucks. microsoft, dead flat, at 108.89. look at cvs. better prescription drug sales there and they have a partnership with teledoc. cvs will let you video chat with a doctor, get a prescription, all through cvs. investors love it.

67 on cvs. back to my take at the top. hour, special election in ohio. gop candidate troy balderson is in virtual dead heat with democrat danny o'connor. shouldn't be that way in my opinion. this is ohio, 4% growth, manufacturing revival, and the republican candidate is in a dead-heat with a democrat. shouldn't be like that. >> no. except let's remember in 2010 when president obama lost a record 63 seats? the house, the margin shifted. that is what happens in midterm elections. going back to the early point, it is clear what trump has, he is the energy of the republican party. it is that energy which drives people to the polls. that election in 12th district in ohio wouldn't have been nearly that close without trump going to ohio, having a rally, getting people ginned up to vote. that is about turnout and trump brings the turnout. i think he is the most valuable weapon the republicans still

have. by the way a recent morning consult poll by farmers, group most hurt by tariffs, shows his standing is exactly where it was or better in the agricultural states. he is unbelievably strong within his own party. he will be out there every day i believe between now and november, ginning up enthusiasm and support. stuart: former president obama, obama sticks, ocasio-cortez as democrats weigh whether she helps them in november. the socialists lost big time yesterday. >> people don't like the agenda. the agenda relies on gigantic government spending and even further government takeover of medical and health care industries. ocasio-cortez is given much too much airtime, she is tell again i can, young, aggressive. did a good job upsetting a

entitled, lazy incumbent in new york city, joe crowley. that doesn't mean people like her ideas. president obama may come around to endorsing ocasio-cortez. stuart: who? president trump? obama? >> he endorsed 81 candidates. he left her off the list, he realizes politically that will not work for him. it didn't. yesterday was a pretty clear referendum on the ideas of the progressive left, which by the way so far are mainly being championed by the media, not by voters. stuart: hold on a second, liz. i have to get back to, i guess the money story of the day, that would be tesla. elon musk will take them private, so he says. that is the best path, that is his quote, in one of his tweets, the best path for tesla is to go private. joining us by phone, the tesla analyst with jefferies. let's get right at it. what are you telling your clients? what are you telling your customers? buy tesla now at 3p 7 per share

or not? >> we have neutral view on tesla at this stage. we raised target price to reflect the fact there is potential bid out there which we think is above the fair value of the business, when we try to value earnings of test lakes wait a second. phillipe, aren't your clients, whom sorry you deal with culling you up what am i going to do, should i buy this thing or not, surely they're asking you that? >> yes, but the question they need to grapple with first, find out whether this bid is for real or not. is it just a statement that is ill-prepared and still needs to be kind of confirmed? that is the first stage before they, before they make a decision before they buy the stock or not, they need to understand if the offer is tangible. stuart: you guys are waiting it out in other words? you're not jumping in, you're not jumping out, you're waiting this thing out to see how it

turns out, is that about right? >> you have to take into account how long you need to be private, for example, and what determines that eventually enables to sell the equity. that is the part that the investors need some clarity on and then they will be able to vote. then we'll see if the transaction goes ahead or not. stuart: all right. the stock right now is at 379. it just turned postively. thank you very much indeed. phillipe, good to have you with us. i want to bring in jack hough, "barron's" senior editor, you heard about the musk tweets, phillipe, and the stock price, what do you think? >> i don't want to pick a trump fight, elon musk seems to go full trump, taken to twitter to do things people don't usually do on twitter, tearing down established norms. getting himself in legal hot water. his math doesn't make sense, his

logic doesn't make sense, but tesla can point to the tesla stock price over the long term. look what i have done here, i can't be so -- stuart: wait a minute, is the right guy, doing the right thing, running this company at this time? >> this does not make sense whatsoever. he is complaining about short-termism on wall street. this is company, if anything these shareholders have too much long-termism. look at short term and lack of profitability here. he is comparing himself to like michael dell -- that was a company that generated tons of cash and easily undervalued. this is kind of the opposite. he better be forthcoming where this financing is or people will start to accuse him of trying to move the share price. all kinds of problems here. stuart: liz peek, itching to get in. >> there are a lot of reasons why companies go private. i think it gives you long-term perspective n this case this is much too much. elon musk doesn't like to be criticized he doesn't like the fact there is a large short

position this is like a bratty move, forgive me, he doesn't like scrutiny. there is plenty should come about on the balance sheet. 10-q came out, shows questionable numbers, receivable what is they look like, what the finances will look like. by the way a public company has the better opportunity to raise capital they need than a private one i believe. stuart: i am fascinating by the stock. >> it is fascinating thing. stuart: still 378, 379 a share, he wants to take it private at 420. the market is not exactly gung-ho. liz: or believing 420. the disclosure rules are about investor confidence. that is what that is all about. is that tweet helping investor confidence? stuart: sorry, jack, 30 seconds. >> i think i got 40. stuart: thank you. tesla, what a story, i'll tell you. coming up space force trump. we talked about it on this program. tomorrow it starts to become a

reality. the vice president will go to the pentagon to lay out the white house plans for the military in space. we'll cover it for you today. too close to call in ohio a district solidly supported trump in 16. opinion a republican strong hold in years. i want to know what is going on there. we'll bring in ohio congressman jim renacci running for senate in ohio. musk on twitter considering taking the company private. we have a tech watcher who called musk a jerk on this program. we'll find out what he thinks on this program. you're watching the second hour of "varney & company," if you didn't know already. ♪ there's a lot to love about medicare.

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call unitedhealthcare now to learn more and ask for your free decision guide. want to apply? go ahead, apply. anytime's a good time. remember, the #1 important thing, medicare doesn't pay for everything. a med supp plan could help pay some of what's left. and this is the only plan of its kind endorsed by aarp. that's the icing on the cake... i love cake. finding the right aarp medicare supplement plan for you could be just a quick call away. so...call. stuart: not a big movement in stock prices thus far today.

the dow is down just 37 points. we're right around 25,600. look at papa john's, the pizza guys, they gave a not so rosy forecast. sales are down too. they blame it on public battle with founder john schnatter. $40 a share. hostess, the twinkies people, the ding-dong people, lowered forecast. when you do that the stock goes down. sure enough hostess is down to 17 bucks a share. mike pence goes to the pentagon to talk about the space force. who better to talk about this than republican congressman louie gohmert from texas. my question to you, i don't think you know much about what will be announced tomorrow, do you think we can afford it, another branch of the military starting almost from scratch, can we afford it? we won't be starting almost from scratch, despite all the damage

that president obama did by peeling off nasa into the private hands. more crony capitalism. but stuart, i don't think we can afford not to do this. space, i mean, since i was a little kid in the '60s, it appeared clear to me, despite movies like alien where corporations own space, we can't afford to allow corporations to control space. that has got to be controlled by government, whoever controls space, can control planet earth and so it is too important not to be able to control that. we've already got people like china, others, trying to get satellites up there where they can blackmail us at some point. it is something we've got to do. we've got to the technology. we were the leaders and we have got to get back where we can defend our country in space. stuart: in our day, i remember

the moonshots, i remember the 1960s, i remember seeing apollo 13, all the rest of it and public attention was grabbed by nasa because we were intrigued i think at the exploration of space. >> exactly. stuart: do you think public opinion is going to be grabbed by the space force which is essentially a military operation in space? can you sell it? >> it's a tougher sell when kennedy made his declaration we would put a man on the moon because lyndon johnson happened since then. the war on poverty that's been trillions of dollars and didn't help get any greater percentage out of poverty, not until we started putting work requirements on welfare. so it, more people are focused on welfare, and what the government is going to give me than they were in 62, 3, when kennedy was pushing us to reach

for the heavens. it's a tougher sale but something we have to do to defend our country. people like ted kennedy made fun of using space to protect america but it's now where we have got to do it in the small-minded people that criticized it have got to reach into, actually to boldly go where people haven't gone before. stuart: they have got "star wars," actually. >> that was "star trek" actually. stuart: "star trek," that's right. go forth and multiply. >> that goes way back in the beginning but yeah, yes, sir, it does. real fast, real fast. you saw the election results from across the country yesterday. are you worried about reenat thatting control of the house in november? >> you know it's easier to get people fired up and out for general election than a special election and especially if somebody, well like in ohio, sure trump went there. he was doing everything he could but yet people like case i can

and others saying -- kasich and others saying trump is hurting him. when you have mixed messages, messages like kasich we don't want him to come, you do more damage to those elections than will be done in the general election. so, you know, i think kasich did more damage than anybody in ohio with those mixed messages. but i think it will be a good day in november. but it is all about turnout. stuart, you know, we have got to get the people that elected trump out to vote, period. stuart: got it. louie gohmert, always a favorite guest on the program. comes through on the space force. thanks, we'll see you again soon sir. >> thank you. stuart: back to this breaking news. the indictment of new york congressman christopher collins for insider trading. now, ash, you're on the story. you dug up a nugget. what is it? ashley: you want to talk about the wealthiest people in congress, he comes in at, number

13 i believe, estimated worth of $44 million, way behind darrell issa by the way at number one, 283 million. yeah, he is accused of being on the board of an australian biotech company and handing out information to other members of congress and what have you. so they could benefit from his information from being on the board. that is the allegation. his attorney has come back, said, wait a minute, we'll vigorously fight this this is not true. he never traded one share, but also indicted was his son, cameron collins, the father of his son's fiance, according to the prosecutors involved. liz: chris collins owns 17% of the stock. what was happening they have mult spell sclerosis drug. it was going to fail. the question, did they trade a, the son on a tip from the father, that is the allegation, traded to avoid nearly $768,000 in losses because that drug was going to fail. they got an advanced -- that is

the allegation. >> all right, good stuff. history happening right here on "varney & company." i think we've got it for you. we do. that is the 10 millionth ford mustang coming off the assembly line as we speak. okay, that is the number 10 million. we'll get a closer look at this thing right after this break. ♪ let's take a look at some numbers:

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siri: destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet. which could save you hunreds of dollars a year. plus get $150 when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today. stuart: brief look at it moments ago. the 10 millionth ford

mustang just came off the assembly line. our own gary gastelu is at the plant in flat rock, michigan. that is where this is happening. what else can you tell us about the 10 millionth? >> 10 millionth looks like the first, painted wimbledon white, like mustang one built in 1964. since then, 10 million cars, that is enough to make a line that goes all the way around the world. ford had new success with the mustang in recent years. selling it in 140 countries. doing a lot of exports with the mustang. only built here at the flat rock, michigan, plant where it exports them to rest of the world. don williams over here is behind the wheel. don you've been working here since they started making the mustang here, right? >> i have, yes. >> how exciting is this for you? >> dream come true. i was so honored to get selected to do this.

>> how soon before 11 00:00:00th? >> working on 10 million and one right now. >> stuart, if you're looking for a new car, don't looking for this one in showroom. they will not sell it at least not yet. take it on tour. do the promotional thing, probably end up in a museum. maybe auction for charity some day. stuart: it looks good, i have got to say. gary, thank you very much, sir. 10 millionth rolling away. looks good. big cheer there. stay with fox business. 2:00 p.m. this afternoon, 2:00 p.m. eastern, billionaire investor carl icahn will be with trish regan. yesterday he opposed cigna's plan to buy express scripts for $54 billion. now what? he is on the show with trish, 2:00 p.m. this afternoon, the billionaire, mr. icon. coming up ohio's special election too close to call but that is in a district that was all-in for trump in 2016. maybe that shows the republicans have an uphill battle to keep control of the house in

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♪ stuart: oh, yes. this is "twist and shout." whether you played it in your living room, you didn't want your parents to hear because this -- ashley: getting out of control. junk stuart varney. stuart: no, no. john lennon was getting hoarse singing this he was screaming it out. you didn't want your parents to see this kind of behavior. it was outrageous.

liz: not your behavior. stuart: moi? get away from this, this is what is happening to your money. we're down but not that much. look, mid-summer, the volume is pretty low. there is not a great deal of stock trading this morning. tesla is active, i've got that. basically the overall market fairly quiet to the downside. i think we have just got the latest numbers how much oil we have in storage. ashley: a little birdie told me in my ear. 1.35 million barrels. they're expecting a drawdown three times bigger than that so we're not down as much. in other words, make a long story short, we have more in storage than we thought we would have. stuart: neutral, really. ashley: but sanctions on iran are definitely underpinning oil prices. stuart: down today, look at this. down to 67. down a buck 34. 2% down. ashley: we'll see. stuart: what about sanctions on iran? they're not putting a floor under. ashley: we'll see.

stuart: you're out on a limb be, ash. ashley: no, i'm not. stuart: we'll move on. let's check a couple stocks here, big tech, first of all, where is that? all of them on the upside, except apple. down a fraction, five cents. that's it. facebook, microsoft, on the upside. look at snap, as in snapchat, down a whopping 6%. their users, number of users declined. never seen that before with snap. down go the usage numbers. the stock is off 6%. united health, oh, they're announcing a dividend. does that make a difference? not much. up 95 cents on a $258 stock. no difference at all. let's get to iran, serious stuff. i have got two news items there. number one, the european union's foreign policy chief is encouraging european companies to do more business with iran, in the face of donald trump saying, don't do it. next one, the british newspaper, the daily express, has this

headline. iran revolution is coming. as 100,000 rush to the streets, chanting death to dictator. there is a headline for you. joining us now is done bramer, a former intelligence officer who knows about this kind of stuff. do you think there is a chance here that the mullahs will be overthrown by their own people? >> i think that would be the best thing to happen in the situation. stuart: is it going to happen? >> yes. eventually. stuart: what do you mean eventually? >> this is long process, the mullahs have held the people of iran in a stranglehold for so long. unless there is necessity, comes generally from the economy, if you look at the lower class, the middle class, the actual people who put the regime in power, they are the ones suffering the most now. stuart: yes, but their economy is collapsing. that is why i'm pressing to know whether or not this revolution, this throwing out of the mullahs is likely to come fairly soon because things seem to be coming

to a head. the iranian economy is doing terribly. they're about to be hit with more sanctions. they don't have access to dollars. can't play the gold market. in november they lose access to the oil markets. i think things are speeding up there. >> i think speeding up is the best thing that is happening. you say it is collapsing? i say it collapsed. a auto part $100 a week ago is 300. shops are closing. people can't do their jobs. people losing everything to exist. people are moving home because they can't afford to work. it is collapsed beyond what we imagine in the united states. what we saw in 1979 is coming again in 2018. stuart: wait a minute. 2018. you think there could be a revolution this calendar year, 2018? >> i am hopeful but if it is not this year, it will be soon. stuart: what should president trump do other than apply the

sanctions which he has applied? >> sit back and watch. let this happen. you know, we don't want this to be regime change that came from the united states. this has to be a result of what the people of iran want. if you look back, all that money came back from the sanctions, that 12.5%, they saw their economy grow, where did that money go? not to the people t went to the yemen, syria, and bank accounts of those mullahs. stuart: if you get an uprising of people against the mullahs you're talking civil war. >> it is inevitable. people want their country back. the internet, the outside world, you can not keep that away from people like you could years before. the people of iran see what is going on around them in the world, they want those same opportunities for them and their children. stuart: got it. this year, the revolution, maybe, yeah? you're hopeful? >> i'm hopeful. if it happens bring me back. if it doesn't happen bring me

back. stuart: thank you, sir. the special congressional election in ohio, a very narrow victory for republican troy balderson. joining us now, congressman jim renacci, republican from ohio, running for the senate. congressman, it shouldn't have been that close. it should be a runaway victory for the republican candidates here, for the trump candidate. why is it not? >> well, stuart, it is august 7th. it is dog days of summer as i heard you say earlier about the stock market. it is time where people are vacationing. really that is the big issue. i was traveling the state. i told them when i was in the district, do you know there is election. they didn't even know what i was talking about. that is the big issue. people know about the primary election. they know about the general election. there will be turnout. it is a wake-up call. i won't say it isn't. people need to know in november, they need to get out and make sure we're voting. stuart: i have to get back to this, jim. ohio is industrial state. industry, manufacturing is rebounding very nicely under

president trump. he got 4% growth. historic lows for unemployment rates. why didn't that generate much more base activity? the trump base is strong in ohio. why didn't it come out? >> well the trump base is strong in ohio but as i said, people are going back to school next week. they are school shopping. it is amazing when you talk to people they don't even know there was an election yesterday. i think that was the key. it sounds like people are complacent and we need to make sure they're not complacent in november. in the end we had the turnout and we had a win. that is the key. we'll send troy balderson there to protect the agenda and continue to move the agenda forward. stuart: here is another worry for you, if i may put it that way, the socialists, okay, they were routed yesterday, but mainstream moderate democrats were the winners. that must surely worry you. if the democrats move away from the extremes, move a little bit toward the center they have a much better shot in november?

>> let's face it, socialists, the democratic party has moved too much to the socialist side. so you have candidates moving to the republican side, to the center, trying to get closer to the republican message. i think that is a key. at least they're learning. republicans are moving agenda forward, democrats are trying to get back into the space where they can help move the country forward at least say that the problem when they get elected they jump back over to the left. stuart: last one real fast, tell me, will the republicans keep control of the house in november, yes or no? >> i do believe they will keep the control of the house. look, the way i see ohio is kind of a bellwether. people are happy with the economy. they're happy the direction the country is going. they want to see the country continue to move forward. they don't want to see what nancy pelosi and chuck schumer said, we'll roll back the tax cuts. we'll roll, put those regulations back in place. sherrod brown is talking about

it, nancy pelosi. we want to turn everything upside down. i think the american people are smarter than that. in the end i think we keep the house and the senate and keep this agenda moving forward. stuart: jim ren nays sir, friend. program, we'll see you back real soon. >> thank you, stuart. stuart: today, new york city, they're going to vote on a cap, i think it's a cap on the number of uber cars, lyft cars allowed in the city, am i correct? liz: that is correct. this has the uber and lyft industry in a uproar. watch out. you won't have rides you wanted to far-flung environs of new york city and prices could go up. new york city is saying there is too much congestion. basically drivers are underpaid. two measures capping it. no new licenses for new ride-sharing app drivers. more pay for these drivers. stuart: i think the establishment taxi industry is also up in arms. ashley: oh, yes. around the world. stuart: around the world.

ashley: black hats in london, paris. stuart: if new york becomes a template for other cities around the world uber has a problem. so does lyft. coming up, candace owens and charlie kirk harassed by antifa people in philadelphia. candace owens will be with me in our next hour. she will tell us exactly what happened. interesting stuff. elon musk says he is considering taking tesla private. next we're talking to a musk critic. last time he was on with us on this program he called musk a jerk. what will he say about him today? ♪ at&t provides edge-to-edge intelligence, covering virtually every part of your healthcare business. so that if she has a heart problem & the staff needs to know, they will

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♪ ashley: in the last hour "washington times" columnist charles hurt said the special election results last night in ohio were tight, yes, but it actually may be good news for republicans in november. take a listen. >> let's put it into perspective. the truth is that this is a special election. special elections are always notoriously fickle, they're hard to predict. people don't turnout, a special election in the middle of august which is even harder to get sort of people to focus on, but we had, it looked like a pretty high turnout there, and what

that means to me is, the fact that you had the high turnout actually could be possibly good news because you would have expected with that kind of high turnout and democrats are very, very energized right now, you would have thought that would have meant that it was going to be a runaway for the democrats and it wasn't. ♪

stuart: growth is important for everybody. "the new york times" added fewer digital subscribers. down it goes. "new york times" stock down 5%. big drop there. let back to tesla. what is the stock doing now? i believe pretty much dead flat. i will show you elon musk's tweet mid-afternoon yesterday that started everything going. here it is. am considering taking tesla private at $420. here is the important part. funding secured. our next guest is a musk critic. jeremy owens is his name, market watch technology editor. all right, jeremy, last time you were on the show you colorfully called mr. musk, a jerk. what do you say about him today? >> well, i'm worried that he is still a public company ceo at this point. he is just inviting sec to take a look into thinks company and make sure that he has that funding. he is putting problems on tesla that do not need to have when they have enough problems showing a profit. so i don't understand what he is trying to accomplish with this

except burning short sellers. that should not be a goal of the company. the goal of the company should be to become a sustainably profitable car manufacturer and this is just getting in the way. stuart: are you questioning the man's stability, his character, or are you questioning his competence to run a manufacturing company, basically? >> well, i'm questioning his goals. i'm questioning his priorities. his priorities should be running this company and instead it seems to be having this battle with short sellers and doing other things besides really focusing on that. he also focuses on that. just put it down and look at it every day and put down the phone and get off twitter. i mean if you're going after divers, calling them pedos trying to save young men in thailand, you are telling people you have a 420 offer, not backing that up, you're really putting yourself in danger for no good reason. stuart: can you explain this one to me? why should someone, anyone, any

group of people, give $72 billion to buy out a company which is not going to pay you a dividend, which doesn't have, actually losing money? where is that money going to come from? and who is going to supply it? >> i think that is the question all of wall street has right now. you see the price trailing the 420 mark that he put up there. that shows the doubts this is in. journalists asked every big bank in new york. none of them have any idea of financing. nobody stepped off even off the record, yeah, we're in on this financing. where is the money coming from? if it is coming from overseas, that will have to go through u.s. regulators. u.s. regulators will not be very happy with elon musk right now. there is a lot of problems here and i don't think, i think if we knew that funding was actually in place, tesla would be trading at 420 right now. the fact it is not shows people

have serious doubts about this. stuart: take me through this, but at the end of the day with this story, what happens? >> hopefully at this point for elon musk's sake tesla is a private company because i don't see how he can continue to be a public ceo point. he invited sec regulators to take a look at the company. he needs to prove a lot of things. tesla needs to be a private company and break away from the rules it tries to break all the time. stuart: you approve the company going private because it shields the company from a lot of interest from outsiders? >> that seems like a great idea. if elon musk can not live up to the rules set for public companies, they should be private. if they want to keep elon musk as ceo. stuart: got it. jeremy, that is very interesting stuff. it is the story of the day. it is the story of the week. it is just fascinating. >> story of the year so far. stuart: it is a company that is totally disrupted by its own leader. extraordinary stuff. jeremy, thank you very much for

being here. we'll see you here, that is a promise. >> thanks for having me, stuart. stuart: now this. the house featured in the the "brady brunch" has been sold. i thought we had this before. who bought it? liz: here is the story. stuart: you got me. liz: hgtv. they are basically owned by the discovery network. discovery network put up the money, we don't know how much. they want to restore the house to the original 1970s glory. a piece of american history. the second most photographed house behind the white house. people love it. that is according to the listing agent. that is the sales pitch for it. stuart: i'm not questioning you. liz: well, you know. ashley: amazing. stuart: the second most photographed house after the white house? liz: yes it is. you guys can research that. here is the thing. ashley: i don't even know where

it is. liz: that is my point. i forgot my point. stuart: where is it? liz: studio city, california. stuart: where is that? liz: taking you there live. doing the show from the "brady brunch" house. stuart: all right. coming up, what have we got? mgm, now the official gaming partner of the nba? we'll talk to a sports data company which says legal sports betting is like the wild west. there is a good good tease. we'll be right back. ♪

stuart: we're going nowhere, mid-summer, low volume. down 30 points on the dow. just below 25600. got it. switch gears. mgm betting people, they are now partners. joining sus karsten cole, sports radar ceo. before we go anywhere, you had a conversation the nba

commissioner, mr. silver, i think it is right? from that conversation you infer that sports betting is exploding all around the country. >> oh, it is of the not only from that conversation but as you know the nba is front running this. so that is very interesting always to catch up with the nba. stuart: you're calling it the wild west? >> i do. so it is a period where you have unique opportunities. it is a unique opportunity -- stuart: supreme court says you can do it. okay. you provide the data to the gambling, the betting firms. so you slice and dice the characteristics of every single game and every single player, whether nba, football, whatever, is that what you do? >> we provide the raw material for the market. stuart: you slice and dice it? >> we slice and dice it. stuart: i heard a lot about the statistical business, you look at every shot anybody took from x number of yards? that is your job? >> we are a sports technology company and on top of this pure data we do analytics on it.

we apply machine learning and ai and interpret this. stuart: in plain english, may i use plain english, you have an an algorithm, you have a.i. working for you and you say how that game is going to play out? >> yes. stuart: you predict the results? >> every second. stuart: you sell that information to the mgms of this world? >> we sell the information to casino players. we sell the information to digital players. we sell it to lotteries. stuart: so you are going to make a lot of money. apart from that, i will ask you again, then you sell that information, you think you know who is likely to win, so then the gaming house, establishes the odds based on information you put in there? >> not we think we know. we know. stuart: whoa, wait a second. what do you mean you know? >> knowing when we supply the information our clients are trading millions of dollars on it. the profit must be there. if there are no profit we are wrong. we are there for 15 years.

it looks like we're right. stuart: okay. what were your gross revenues last year? >> 400 million u.s. stuart: whoa, $400 million last year? >> yes. stuart: you are the majority stockholder? >> i am. stuart: you have got more than half the company. >> yes. which is comfortable feeling. it gives you ability to drive the direction you want to do. >> you are swiss originally? >> i'm not swiss originally. i'm german originally. i am living switzerland 20 years. you might say i'm swiss. stuart: you're not american, living in america paying american taxes? >> today i got social security number in america and i can tell you about the procedure. stuart: when will you go public? >> there is no, there is no plan to do this. stuart: why should you? >> because we're growing so strong, why should you. stuart: you are making all the money, why should you go public, for heaven's sake. why should you share it around. you don't. a pleasure having you on the show. when you hit the first billion i want you back on the show. >> hopefully that is quickly.

stuart: did you see amazon? hit all-time high, 1888. i think it was. there will be more "varney." 1884. morvan after this. -- more "varney" after this. .

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. stuart: when chick-fil-a opened its first restaurant in new york city, the mayor bill de blasio called for a boycott. chick-fil-a defends traditional marriage. de blasio says it spreads a message of hate against gays. setting one group against another. i call that divisive. de blasio has not changed his tune, now he accuses fox of being divisive. he told the far left british newspaper the guardian we would be a more unified country if it were not for fox. i suppose you could say without fox there would indeed be unity in the media. who else gives the president a fair shake?

seriously, you have to ask who is divisive? who is dividing our country? my opinion is this, identity politics divides us. nothing made that point so clearly as hillary clinton in her election campaign. remember, the deplorable speech? trump supporters were a bunch of racist, sexist, homophobic, xenophobic, islamophobic americans. the mayor of new york has done exactly the same thing. go back to chick-fil-a and the mayor's boycott. it bombed. right after he told new yorkers not to go, there were lines around the block. the restaurant is just down the street from our studio and i can tell you it's still going strong, and so is fox. we're not divisive, we bring america together as the most watched business and news channels. de blasio is running a city in

crisis. subway chaos and public sector housing, not to mention homeless people almost everywhere. your honor, we didn't create this mess, and you far left identity politics are to blame. the third hour of "varney & co." is about to begin. . stuart: well, you heard me there. monica crowley with us, london center for police research senior fellow. okay, what do you make about mayor de blasio's comments about fox news. >> the country would be much more unified if it were not for fox news, it would be much more unified for not for bill de blasio. your point was 100% correct, the left cannot win on merits, cannot win on issues, cannot win on policy prescriptions. the only way to win is slicing and dicing the american public.

that's what they do through identity politics. de blasio, look, the history of the left throughout the world communist societies, socialist societies, almost have commend over the media because they squelch dissenting point of view and dissenting opinion. that's what you're hearing from de blasio and others who complain about fox news and fox business. stuart: ash, have you got something on this? >> what gulls me about this. mayor de blasio can take whatever swing he wants on fox, fox news, news corp., thousands of employees in new york city, paying a pretty penny for the privilege of that in taxes. why do you think people are leaving new york state and new york city? why do you think they're leaving? because of the policies of the lawmakers, goldman sachs shifting workers to salt lake city. stuart: but we do supply thousands of jobs. >> thousands of jobs. stuart: i don't know the number. >> i would say it's about

25,000. >> forgive me, we are fair and balanced. i'm not sure the mayor is watching wall to wall, we have debates with democrats on our channel unlike other channels which preach the corner and cannot have anchors stomach the other point of view. >> you are 100% correct, likelihood of watching fox news and fox business on the part of the mayor, zero. this is what we're seeing with silicon valley with the major internet and tech giants trying to squash conservative speech. any speech they deem unacceptable. not about the content what we're talking about. the idea that a few select tech companies are going to determine the available information to you, and the flow of information to the american public and to the rest of the world. that's what's extremely dangerous because you're talking about a subjective standard. it's a flooding scale, who died and make mark zuckerberg god in terms of determining what is

appropriate under the first amendment? stuart: i think the whole idea of identity politics is divisive in and of itself, if you say i'm addressing this group of people, this is what we're going to do for you, this group of people, here's what's in store for you and you and you and you, you divided everybody. you atomized them. >> that's the whole point. that's the whole objective. that's the whole point is to slice and dice the american public into the different groups, based on race, gender, ethnicity, et cetera, and target them as victims. left has succeeded because they created these cults of victimhood among the constituencies, african-americans, women and hispanics and so on. what the trump economy is doing is throwing that into reverse. so trump's job approval among blacks is up to 29%. he's doubled that in the last two months or so because he's

generating the strong economy and black unemployment is at historic lows. that's the fear for the democratic party is that trump and the republicans are making these incredible inroads with these core constituencies that are no longer going to be responsive to the identity politics. >> forgive me, you are right, we can be about human rights, we can be about social justice causes but aspirational economic policies that will lift people out of sense of victimhood. economic policies are about government rescuing them out of their states of victimhood, right. stuart: i'm a white male episcopalian, hardly a victim. thank you very much as always. >> thank you, stuart. stuart: let's check your money. we're coming back, we were down 60. now down 20. tesla, stock of the day. musk tweeted yesterday he wants to take the company private. that created chaos in the markets. so let's bring in dennis gartman, the gartman editor and

publisher. i read your stuff and you say musk's tweets are total nonsense. the floor is yours. >> let's give him credit for making a proper decision to take it private because he's probably going be able to do a better job away from the sec overview. he reminds me of the president with rather strange tweets that come out of nowhere. if i were a shareholder, i would be very despondent about the type of activity he has procured, the type of activities he's undertaken. i guess in a response he's doing the right thing. will he get the financeing? i have my doubts. i am not sure anyone wants to finance a company that cannot make a profit. the cash burn is astonishing and continuous, it has been that way for the past year and a half. let's hope he puts it in private hands, maybe somebody along the line will buy it from him at a higher price later.

given the facts at august, if it weren't for tesla, we would have nothing to talk about today at all. stuart: that's not true. i want to talk to you about disney. i know you're an old -- how do i put this, can you only invest on things can you drop on your foot. that would be oldline industrial companies. >> yeah. stuart: but here you've got walt disney trying to become a newline technology company by getting into the streaming business, competing with netflix and amzorngs would you give a shot at walt disney? would you invest in it? >> i would never invest against bob iger. i think he's a brilliant guy. disney has done an amazing job since mr. disney left the company years ago, senior management is adept all the time. iger has done a great job. i would hesitate taking on netflix, i think disney has done the right job buying into fox and owning the library that

it has, it can expand upon it, it can take the movies that fox owns and sell the toys and the implements that go along with it. i would hesitate to take the opposite side of anything that bob iger does. do i own disney? no, should i? yes. i prefer owning the things if i drop them on my foot will hurt. that's my style. stuart: wait a minute, wait a minute. what do your investors, the people who buy your letter, what do they say? you've walked away from technology. >> yes, i have. stuart: a booming sector in many, many years, you walked away from it? >> without question, i get taken on task on the internet on a frequent basis for having done that. there are times when owning crude oil or owning steel or owning copper or owning machinery or owning ball bearings makes imminent sense, i'll be the first to admit, i miss the high-tech move in

1998, thankfully i was away from the high-tech collapse in 2000-2001. i missed high-tech, it's beyond my kin and i function better in the things i understand. give me ships, give me railroad, give me steel, ball bearings, those things, i understand them better and the numbers better. stuart: dennis gartman, the warren buffett of florida. [laughter] >> virginia, virginia. stuart: whatever. virginia. the warren buffett of virginia [laughter] . stuart: okay, dennis, thank you for joining us, appreciate it. >> always a pleasure to be on, thanks, stuart. stuart: candace owens and charlie kirk harassed by the antifa mob in philadelphia. looked like they were ambushed by the antifa people, trying to provoke violence. in a moment we're joined by candace, she's going to tell us how that went down. what an outrage. president trump predicting

the economy grows at 5% in that quarter. next, mercedes schlapp at the white house, i want to know where does the president get the number from? where did he get it from? the third hour of "varney & co." just getting started as you look at the white house. ♪ 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. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia.

. stuart: unions in missouri claiming a victory. the right-to-work law has been overturned. now, ash, what exactly does this mean? >> as the law stood, if you're a private sector working you could opt out of paying union dues if you worked in a unionized workplace, you didn't agree with politics, that was overturned in this vote which reverses a trend we've seen in the other direction. don't forget the supreme court said public sector workers

cannot be forced to pay union dues as part of the collective bargaining fees. this was a close -- jeff flock was covering it yesterday. it was close a couple of months ago, wasn't close when the vote came in, 64-36%, we can tell you that the unions and the union supporters in missouri outspent the other side 5-1. they put a lot of effort into this and it paid off. now if you're in missouri, private sector worker but work in the unionized place, you have to pay dues, pay up. stuart: big victory for the unions. >> yes. stuart: dow industrials, show me the board, down 18 points. this is a go nowhere midsummer market. flashing in and out there. now show me amazon, please. because again it's moved up. it's at $1886 per share. awfully close to 1900. by the way, if it gets to $2050 per share, amazon is worth a

trillion dollars. i don't know whether it gets there but it sure is close. then papa john's, sales down, and have to come out with a forecast when they release financial numbers and the forecast was not good. they blame it on the bad publicity they've got from founder john schnatter. that stock is down another 5%, back to $39 a share. below 40. then we have hostess, they make the twinkies, the ding dongs, et cetera, you know the story. they lowered forecast. whenever a company lowers forecast it's telling you the growth in the future is not what maybe what we thought we were going to get. down goes the stock. 17% lower on hostess. can we move to this now? we've got it. listen to what president trump said about the economy. roll tape. >> we're doing record, close to record gdp, nobody thought we would be anywhere above even

close to 2 and we're at 4.1 and i think we're going much higher. i think we're going to be very shortly in the fives, and numbers people wouldn't believe, more importantly, i think we can go much higher than in the fives. stuart: quite a prediction, joining us white house senior communications adviser mercedes schlapp. always good to see you, welcome back. >> good morning, great to see you. stuart: that was a wild -- not wild, strong prediction from president trump. where did he get the 5% number from? >> no question president trump is bold, bullish. he wants to make sure our economy keeps growing. remember it was for a period of time that many economists and democrats predicted that the new normal would be at 2% growth, and we were able to break that record of 4.4% in the last quarter. obviously, something we've seen just a historical figure that we haven't seen in quite some time. i think for the president, he's basically saying how our wages

continue to increase, the fact that jobs are being -- more jobs are being created. the fact have you businesses, seeing corporations over $300 billion repatriated back to the united states. these investments are happening. we're working on better trade deals. i know that the nafta negotiations have been going well and looking to make sure we're able to close in on some of the trade deals as well. again, the president is optimistic, economic team is as well. i always say when you see larry kudlow dancing around in the west wing with a big smile on his face, it's a good day in terms of economic network. stuart: let's hope he's dancing around when we get the first look at the third quarter. pretty good forecast. >> right. stuart: the trump administration has a new plan for lowering drug prices. can you tell us what that's all about? >> again, the one thing about president trump and what we've seen with his administration is the fact that he is looking and making sure that we're able to fix the problem when it comes

to health care. obviously, we saw he was able to eliminate the individual mandate, and his goal is to ensure that we lower prices altogether in terms of health care as well as provide more options, more choices for americans burdened by the fact of a failing obamacare with the increased premiums they have seen. when it comes to drug pricing, obviously, the president is committed to ensuring that we are lowering the drug prices, that's something that secretary azar and his team is pushing forward on. again, interesting, the president called out a lot of the pharmaceutical companies. they've come to the table. they're saying, okay, lower the drug prices. so basically by the president sending a very strong message talking to the president of pfizer for example, we saw the announcement that happened with amgen this week, novartis, you're seeing the companies are taking note and voluntarily lowering the drug prices.

for too long americans have been paying way too high when it comes to prescription drugs. >> mercedes, it will be a real first if we did get 5% growth and would be a first if we saw prescription drug prices come down. we wish as well on both. mercedes, i'm out of time. very sorry. thank you for joining us. >> great to see you, thank you. stuart: sure thing. see you soon. check this out. a new study claims you would do better after a heart attack if you have a woman doctor. doc siegel coming up on that one. i want to know what he thinks about that? look at new york city skyline. another hot, hazy, humid august day. but some of us love it. ♪ how do you win at business? stay at laquinta. where we're changing with contemporary make-overs.

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how many kids? my two. his three. along with two dogs and jake, our new parrot. that is quite the family. quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me before. well your situation's totally changed now. right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now and as your needs change from td ameritrade investment management. . stuart: the talk show host rachael ray facing a multimillion-dollar lawsuit over her natural dog food brand. >> the brand is nutrish, a $5 million suit. brought by one person in new york. independent lab tests found the herbicide in the dog food. an herbicide that is used in brands like roundup. ray herself is not being sued,

the company nutrish which is owned now by j.m. smucker who denies all of this. they have no idea how the herbicide could have gotten into the food. rachael ray is sticking behind brand association, i feed it to my dogs and they do everything to make it safe. it is a class action suit which means other people can jump in. stuart: an invitation to jump in. president trump reportedly wants to make it harder for legal immigrants to become citizens if they've used any welfare programs at all, even including obamacare. we'll have a judge on that one in a moment. cvs wants to make it easier to see a doctor, which makes it easier to get a prescription. the market loves that. the weather, i don't think it's raining. lovely. we'll be back. ♪

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. stuart: go nowhere market, middle of the summer, light volume, let's get back to tesla. chief elon musk wants to take

the company private. dropped like a bomb yesterday afternoon with a twitter storm, joining us is tesla analyst at canacord genuity. are you telling the people that follow you, you're going to buy that stock now or sell it now? which is it? >> we have a hold on the stock. stuart: what's a hold mean? >> so, you know, we launched last week and like the secular story a lot. we like tesla, the product, but frankly the unpredictable nature of musk kept us on the sidelines. that's proved out with this situation right here. i think what everybody wants to know is does he have the funding to take the company private? stuart: if he doesn't have the funding, can't prove it, he's broken the law, hasn't he? >> i don't know if that's necessarily the case. do i think that most, including myself are uncomfortable with

the nature of the release through twitter, but that being said, yes, i think it will be an interesting situation if he doesn't have the funding. but what we have seen come out so far is there is backing from the board, that he is having these meetings, he's engaged and looks like there are new shareholders. so if that is the case with this type of ceo, this strategy might not be a bad one for him. stuart: so you're taking a wait-and-see mode. i'm told we're going to get answers or should get answers by the end of today whether he does have the investors lined up. you got to be on the fence for a relatively short time. >> we have to take a wait-and-see right now. there's no other way. otherwise, you're gambling, and that's not the business we're in. stuart: very true, we're in the investment business, not

gambling. thank you very much, jed, good to see you. >> thanks, stuart. >> the president wants to make it harder for legal immigrants to get citizenship if they've used any kind of welfare. judge napolitano is with us. you come here legally, you got a green card, if you sign up for obamacare, for example, you can't become a citizen? >> well, there's a couple problems with. that first of all it's changing the rules after somebody is already online. that's a due process violation. secondly punishing someone for partaking in a perfectly lawful product that the government itself makes available, which is, in congress, you can't punish someone, you can't make life difficult for them, you can't changed rules on them without showing fault on their part, and whatever understanding of obamacare, whatever you think of transfer payments, they are lawful and it is generated by economic need, not by fault.

so to me this sounds like a reckless proposal, dead in the water, the first judge that will be challenged on it will invalidate it. stuart: not designed to be put into effect. it is a political proposal designed to show -- >> to generate debate and bring about compromise. look, the president has a point that the immigration laws are a mess, they are a past iche, he wants to rewrite everything, this is his way of starting the ball rolling. >> he has a point on the issue too, i don't know the exact proportion but it's a very, very high number of recent immigrants who come here and they've got welfare payments going to them. that's the in the way it should work, it's very unpopular. >> you're going to hate this. this is the law of the land since 1976. the courts have ruled if you make certain baseline transfer payments like public school education, emergency rooms in the hospitals available to the

public, you cannot deny it to people who came here from other countries. stuart: that's not a form of welfare. i'm talking more about food stamps, for example. even subsidize obamacare. >> food stamps and subsidized obamacare, they are lawful products. if you meet the poverty level requirement. and you cannot punish a person in america for partaking in a lawful product, particularly one offered by the same government that is purporting to punish them. stuart: if you come out and say we don't want immigrants to a burden there is nothing wrong with it. >> correct, it would be an easier case if they started anew and said whoever comes in after august 8, 2018 and participates in this program is going to get back of the line for citizenship. they'd be on notice. stuart: which is what president trump wants to do with a new immigration policy and put it right up-front. you can't come here unless can you show you're not going to be a burden on the public purse. >> none of this can be done by

the executive branch. this is legislation, this has to be done by congress if this is the president's way of getting the congress to think about immigration, that's a legitimate political technique, but the proposal itself is standing alone, coming from the executive branch, imposed on people that are already here. dead in the water. stuart: when i came here, when i immigrated, 40 odd years ago. >> is that all it was? stuart: yeah, 40 years ago. i had to show i'm not going to be a burden, not going to take welfare or whatever it was in those days. >> if you failed to show, it it would have diminished ability to come to the head of the line and become a citizen? stuart: yes. just to get here in the first place, hindered my ability to get a green card, they would have taken me. >> but you were on notice of that before you attempted to come here. they want to change the rules for 20 million green card holders who are perfectly lawfully here, you can't change the rules on them after they're here. they're on a line waiting to

become citizens. you can't push them to the basque the line because they par took in a legal product, agreed? . stuart: whatever you say, judge. >> wow. justin, i need a copy of that tape. whatever you say. the judge is right yet again, philip. he's not even hearing me? stuart: he's on vacation. no he's not. judge, you're done, you're through. we'll try and see you later. bye. i don't believe this but i'm going read it to you anyway. [ laughter ] >> listen, there's a new study and it found that patients are two to three times more likely to survive a heart attack when their doctor is a woman. >> oh, come on! >> the study says. let's bring in dr. marc siegel, fox news medical correspondent. >> women two are to three times more likely to survive a heart attack if the doctor is a woman.

secondly took place in the state of florida over 20 years and had business people analyzing it, business experts like yourself rather than physicians but looked at thousands of patients, and i do believe it, let me tell you why. first i think maybe a woman is more likely to know what a woman is experiencing. second, a lot of women who are having heart attacks have atypical symptoms. you know what, stuart, women may have more compassion, ability to relate, check a box, what are you feeling? nausea and vomiting might be a symptom of heart attack. here's a great time to say medicine finally changed and admitted as many women to men into medical schools and have to put them into leadership. the heads of departments are still mainly men. bottom line, women are equal to men as physicians and bring things to the table. women may be better able to understand women that have heart attacks. i did change your mind?

harvard was involved, university of minnesota, extensive study. i did change your mind? stuart: i have a question. surely, i as a man, would be better treated by a male doctor in the event of a heart attack on the grounds that a male doctor would understand more about me because i am a male, a fellow traveler genderwise, no? >> that study has yet to be done. [laughter] >> however, however, i think the point to be made here is maybe, maybe female physicians are more looking at nuances in a partnership between doctor/patient. stuart: what you're getting at is bedside manner. >> yes, yes. stuart: you're saying the study says women have a better bedside manner after a heart attack than a male doctor. >> it's not a gender specific issue, either one can have a better bedside manner. when you have a heart attack, stress hormones are through the roof. you need somebody to calm you

down and hold your hand and make you more relaxed. i don't know whether a man or woman is able to do that, that's the goal and what doctors have to do. i'm not saying women should teach me that, one way or the other. that's the goal. stuart: lizzie, do you have input? >> i agree with everything you said. [ laughter ] >> it is fascinating. >> did i change your mind? judge, dichange your mind? stuart: i'm not being dogmatic, that is interesting. women survive a heart attack much better if they've got a woman doctor. >> two to three times more. stuart: i got to put it down to a bedside manner. >> i am agreeing with that. stuart: empathy, caring. >> who came up with that? stuart: we got it from -- where did we get the story? scientific america? >> national academy of sciences. a very, very reputable study. stuart: did he change your mind? >> not at all. wait a minute, i don't have the prejudice that you do.

[laughter] >> did you know while this was going on tokyo university is busy getting the scores of male medical students. >> tokyo college rigged exams against women. >> that's a disgrace! >> that's a disgrace. >> i don't know if that's against the law. certainly here. >> women for bed side manner and equal intelligence. stuart: time's up. candace owens in the news a lot recently. temporarily banned from twitter and harassed by antifa people at a cafe in philadelphia. well, she's with us in the studio next. and by the way, stay with fox business, carl icahn will be on the "the intelligence report" with trish regan 2:00 p.m. today. big guest, carl icahn. now the city with 300 days of sunshine and clear weather. san diego. stay classy. 72 degrees always.

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♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. . reporter: i'm nicole petallides with your fox business brief. are you ready to click it and collect it for your food? look at amazon today, they have the merger with whole foods. the stock is higher more than 1% all-time high but this story is about whole foods launching online grocery pickup. you click, you pick whatever

you like and then you pull up with your car and collect it. some of the details as such, it's available only to the prime members, and pick up in one hour, that's free as long as you order at least 35 buck, if you want it paster you'll get it in 30 minute, drive up with the car. amazon noted the launch with whole foods extremely successful. one of the fastest we've seen for a prime benefit is everybody is using amazon prime to get discounts at whole foods.

. stuart: we have an emerging political star with us right now. our guest and her colleague charlie kirk, both regulars on the program were harassed at that cafe in philadelphia by antifa people. candace owens is with us, candace, welcome to the program. >> so glad to be here. stuart: we're glad to have you, you're a star. i think you were ambushed in that restaurant. prove my point, go. >> we absolutely were ambushed. look, they had a table and were dining, about four antifa members, we recognized the gang symbol. they had decals. >> they were in already. >> yeah, four members dining at the same restaurant as us, they kept looking back and were on their phones. what charlie and i did wrong is underestimated them. we thought they could get through a meal peacefully and recognize someone they have

difficult political opinions from but they sent out a bat signal and we looked up and suddenly had 25 people that were throwing stuff at the window because we had window seats and screaming through the window, and then that emboldened the ones in the cafe to start screaming at us. stuart: how did you know they are antifa people? >> they have certain symbols, not showered, bright colored hair and have antifa symbols. >> they don't shower? they don't bathe? >> they have issues of society and the part of stressing themselves from a deemed society is appearance, they don't bathe or clean. stuart: membership of that group is defined by hair and showering? >> the color of the hair, they look the part and smell the part. [ laughter ] >> you walked outside, you pay the bill, you walked outside, you were confronted by a very angry hostile crowd.

that's correct. they've got a bull horn next to your ear and whistle in your ear, if that were me, the first thing i would do is get away from me. if i touched them, that's an assault and they would win the pr battle right there. >> that's exactly correct, so as a human being we have instincts, fight or flight. that was the moment i said what's going to happen here? you are blowing in my ear, shouting and shrieking, they do this blood curtelling shriek and can you feel it in the eardrum, you feel like you're going deaf, and it's hard to maintain your composure in those scenario. stuart: that does amount to assault, a bull horn next to your ear where it rattles in your head, that is an assault. why don't you and charlie, you have police officers all over the place, arrest them. >> they threw eggs at charlie, threw water at them, the police

were phenomenal, all black and hispanic police force, they asked charlie if he wanted to press charges, he said no, i'm not going to turn them into martyrs. >> if it happened again, would you want to press charges? >> i'd like to begin opening the conversation about political discrimination, because we have you can't discriminate based on race or gender and should not be able to discriminate based on political affiliations and hope we're having a larger conversation, on the left, the democrats are increasing the attacks, sanctioned by leaders. maxine waters is telling them to do what they did. if you see them, confront them in restaurants, make them uncomfortable. the democrats don't see this is wrong, we have to start having that conversation. >> i need more information who these people were, they were all white these kids? >> antifa gang is entirely white. no black people in antifa. stuart: and yet screaming at you, a black woman.

>> and the police officers, screaming at the police officers calling them race traitors, i turned to them and said do you understand the irony you are an all-white gang and shrieking at a majority non-white police force, they were telling us we were race traitors. it is democrats all over again in the 1950s. this is what they do. stuart: i'm sorry, i've got to get some breaking news. ashley is ready. but candace, thanks for being on the show. >> thank you so much for having me. stuart: and wish you the very best in the future, and i hope you continue to win because you won that one in philadelphia. >> we will win. stuart: thank you, candace. good stuff. new york congressman chris collins indicted for insider trading. the latest place. >> a statement from paul ryan saying he will no longer be serving on the house energy committee while the allegation is resolved. insider trading is a clear

violation of public trust and in the issue is settled he will no longer serve on the house energy and commerce committee. that's from paul ryan. stuart: thanks so much, ash. i don't think the late-night comedians are funny. they are sarcastic, i think they're driven by contempt for president trump. our next guest is the founder of one of the largest comedy festivals in the country. are we in for a big trump hate fest? i'll ask the question. that's capitol hill. ♪ ♪

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. stuart: as you may know lately, i've been complaining about late-night talk show hosts, i don't think they're very funny. they don't make me laugh. i think they're driven by flat-out anti-trump hatred, contempt at the very least. joining me now caroline hirsch, the founder of the new york comedy festival. welcome to the show. >> thank you. stuart: fast-forward to the festival you are going to launch in new york. >> november 5 through the 11th. it's our 15th year. stuart: i know, i guarantee

it's going to become a hate trump festival. >> no, it's not. that's not true. i watch a lot of comedy. stuart: a single comedian in new york are willing to come to new york that is not going to have a go at president trump. >> a go or two. stuart: it will be nasty? >> you have to admit whatever party lines you are on, you have a president that you can't help yourself. stuart: what do you mean, you can't help yourself? >> you can't help yourself, some of the tweets and whatever, you can't help yourself. no matter which party line you are on. stuart: what would you say about president obama, plenty of grounds for humor there, nobody laughed at president obama. >> we have a president that's a little different than other presidents. stuart: you are justifying this for trump? >> it's not all contempt. there are good things that donald trump has gone. stuart: samantha bee, is she funny? >> i think michele is funny. when she was making fun of

sarah huckabee sanders and her appearance, that was funny? >> i didn't take it as -- i took it as her being strong, sarah huckabee, being a strong woman. that's what she was talking about. stuart: michelle wolf was making fun of her, fun of her appearance, that's humor? >> not everything is politically correct, okay? sometimes we step over bounds. stuart: you do? will you let them step over boundsa the festival in november? >> i can't tell people what to say. stuart: do you offer any kind of filter on who you invite to perform at the festival? >> there is no filter in comedy. stuart: none at all? >> no. stuart: you're telling me it's not going to be a hate trump festival. >> it is not a hate trump festival. stuart: carolyn, come on. you've got to be serious for one brief shining moment. in new york city, you're not going to get comedians who don't have a go at our

president in the nastiest sort of way? >> i don't think in the nastiest sort of way, no. stuart: but they'll have a go at him. >> they'll have a go. stuart: i did give you a commercial, what was the date? >> november 5-11. stuart: i don't think you'll pick up many people at this show. >> i don't think so. stuart: thank you very much indeed. thank you, caroline, appreciate it. more "varney" after this. ♪ ..

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>> favorite the story of the day. >> where. >> where the woman from the comedy festival appeared in to your point, they wouldn't announce the true spirit they did on george w. bush. neil: was i a little harsh? >> comedians are going to do it.

>> hdtv can renovate it good about that story. ♪ >> we are fortunately out of time. connell mcshane is in for neil today. it's yours. nconnell: any more tv songs you want to go through? you know would be a great would be ashley webster. i go to see him. >> tickets are not cheap that its birthday. turns are welcome to "cavuto: coast-to-coast." i am connell mcshane in for neil. the fallout from elon musk yesterday started during this program yesterday when he took us all by surprise that they tweaked but eventually sent the stock soaring. not soaring today. in the meantime board has comment today on all this talk about going