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tv   Varney Company  FOX Business  August 9, 2018 9:00am-12:00pm EDT

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foreign affairs tweeting about two human rights activists, saudi says you can't tell us what to do. big story, big story. maria: we will follow that, kristina partsinevelos, james freeman and huckabee. stuart: good morning, maria, august 9th, dog days of summer, not if you're an investor, all the major indicators are close to all-time record highs, we have a summer rally, you should really check your 401(k), that should put a smile on your face, since february democrats talked impeachment but the yield curb predicted recession. ashley: me too. stuart: apple reached a trillion dollar valuation, amazon is coming close and big tech continued its surge as of now
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the s&p and nasdaq both base indicators were 1% all-times, the dow is about a thousand points away. we are going up a little this morning at opening bell, a little but on the upside. value of all stocks has risen $8.7 trillion since donald trump became president. then there's tesla, it would be down again at the opening bell after elon musk tweeted privatization move, the regulators have started investigation, that is not good for the stock, down 4 bucks premarket. they want to know regulate os, they want to know if he really has the money and why he announced dramatic move with a tweet, who is going to get in, $72 billion, we do have suggestions, as if new yorkers have enough to put up, mayor de blasio put miseries with cap on uber and lyft in new york city, this is revenge of the taxi industry, long awaits and high affairs are predicted.
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watch out other cities, new york is a test phase, all right, just wait till you hear what we think of the new look dogs on planes, varney & company is about to begin. note ♪ ♪ stuart: all right, we have a developing story, it's begin to go make headlines, toxic algae, looks green slime around florida beaches, bad for tourism. maybe healed hazard. ashley, what do we have apart from nasty video? ashley: toxic blooms southwest coast of florida not unusual but this season has been particularly bad and long lasting, sorts of breathing problems, headaches, rashes, even gastro intestinal illnesses from the toxins contain within the bloom, that's the salt water
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version, some are seeing fresh water version of this, why is this happening, complaints that the health department in florida are not really getting down in addressing the health risks involved and suggestions because it's affecting the tourism industry, so where is this all coming from? there's a common link and some of the blooms on the east coast of florida as lake okeechobee. massive lake, pollution is making things worse. we have hurricane irma that churned up the lake. that's part of the reason, toxins get into the lake from farming or whatever, even if you stop all of that the toxins would be a problem for 50 years, bottom line is people haven't been to the beach who live down there for 3 weeks for a month now, they are reporting watery eyes, runny noses and can't get into the ocean. massive problem. stuart: it really, that's begin to go hit headlines, you can understand what's going on.
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ashley: awful. stuart: let's give you a market check, we are beginning to move up in the last few minutes we are now moved to gain a 30 points when the dow industrials open. i've got this in the news, tribune ends merger agreement with rival sinclair and it's now -- why, tribune says sinclair didn't make enough of an effort to get the deal approved by regulators, got it, both down. surprise move rite aid and albertsons called off merger caving to shareholders who claim not enough to fend off amazon and others. albertson's is private. let's get to the stock of the week, that is, yes, tesla, elon musk tweeting he wants to go private, now sec is taking a closer look at those tweets, joining us fox news contributor john layfield, john, you have been a fan for elon musk for a long, long time l you defend him
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now? >> if this is true, absolutely. what he did with the tweet while unorthodox there's nothing wrong with this, you can disseminate information on social media if you disclose that you will disseminate that information. tesla said what mr. musk, that part is fine, it's unorthodox but the part is fine. the biggest thing is secured fund pg, i don't know why the sec is taking so long. either he has documentation that he has secured funding, if he does, the biggest buyout in history, if he doesn't an sec violation. stuart: why doesn't apple make a bid, they would like a car company, wouldn't they? >> bingo, absolutely. that to me is the natural play. no banks according to reporters have been in talks with mr. musk about this. apple to me is the absolute perfect fit, they want to get in self-drives cars, this is a perfect fit for elon musk.
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if he goes there and needs to take the company private, a guy like this needs to be in building, building things not fighting short sellers. stuart: i said at the top of the show, we are right in the middle of summer rally and we are going to open bit higher this morning, nasdaq and s&p, very close to all-time record highs, do you think this keeps going, are we on a winning streak now? >> i do. there's nothing difference, right now except the economy has gotten better and earnings have gotten better, the only potential problem out there is the trade war, we are in the 112th month of bull market, longest bull market was 1990, right at historic levels. the difference is gdp went to 1% after the economy tanked after the bull market, the difference now is we got the tax cuts before the economy took a dip and that's why we are seeing gdp at highest levels we have seen in some time. stuart: if we get 5% growth in the fourth quarter at the president suggests, do you think
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that will move market even higher? >> i think it will. i would the president would damper expectations and not increase. say we will hit 3 or 4 and make the market go up, that to me is what you should, do i don't think we will hit 5%, the gdp number is going to be good, the last gdp number was skewed from people getting ahead of tariffs but also in defense of gdp going forward inventories were low, inventories have been to be replenished but i don't think we hit 5% gdp, i wish we would. stuart: we will get you back when the market opens, okay. all right, the trump administration is imposing new sanctions on russia because of the nerve-agent attack in britain, the sanctions target certain items that we export to russia that could have military uses. james carafano with us, national security foreign policy at heritage, will the sanctions hurt russia's economy? >> probably, not that much. they are super important.
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one they demonstrate that we are with british allies. from geopolitical standpoint this is massive. this administration is not soft on russia, the other news is we have massive russian activity submarine, why are they doing that? they are doing to demonstrate to us that they don't like our policies, the notion that somehow we are giving these guys a good deal which is not true. stuart: i want to turn to iran, daily express, here it is, iran revolution is coming a hundred thousand rush to streets chanting death to dictator. do you agree with the headline where they are overthrown by their own people? >> some day they will be right about something. one is with authoritarian regimes we never really have situational awareness. yeah, they always might topple
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sometimes but we just don't know that, i discount because there's trouble and the other thing, the second point which is really key is this is a resilient regime, they've been through iranian and iraq war, they have been at this a long time. they know how to oppress their own. it's presumptive to say they are going down. stuart: james, i would turn that around and say the president's policy of sanctioning our adversaries and rivals seems to be working in economic terms, we sanctioned the russians and their economy is not doing well, we are sanctioning turkey and their economy is not doing well, we sanctioned iran and we will sanction them somemore and the policy of sanctions opponents seems to be working. >> well, i have to tell you, we have exactly the right strategy for iran because authoritarian regime they can oppress their own people, dhai do that, they can turn outward, what they have
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trouble doing is when they face external pressure and internal pressure at the same time and they have to look in both directions, they struggle with that and i think that that u.s. policy is going to do more to constrain iranian behavior than anything the u.s. government has done in the last decade. stuart: sure, helps to have a strong american economy back up as well. james, thanks for joining us as well, we will see you soon. thank you. look at futures, will be up 20 odd points for dow industrials, marginal gains across this morning. vice president pence lays out plan, that comes 11:00 o'clock eastern this morning. i want to know the cost, the time frame and what this thing is going to do. if we get those answers, well, you will hear them first. democratic socialist alexandria ocasio-cortez is at it again, this time she's asking why the government pays for, quote, unlimited war but not medicare for all.
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yes, we will deal with that, stop smiling, lizzie. [laughter] stuart: by now you have seen the video charlie kirk and candace owens, why didn't you press charges on those people, they assaulted you, legal channels, first hour of varney & company is rolling right on ing to watch your child grow up and especially get behind the wheel. i want to keep you know, stacking up the memories and the miles and the years. he's gonna get mine but i'm gonna get a new one! oh yeah! he's gonna get mine but i'm gonna get a new one! when it's time for your old chevy truck to become their new chevy truck, there's truck month. get 10 or 14 percent below msrp on 2018 silverado pickups when you finance with gm financial. plus, during truck month make no monthly payments for 90 days. find new roads at your local chevy dealer.
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stuart: new york city votes to restrict the number of uber and lyft cars on city streets, tell me all about it. liz: now 80,000 cars, wait a second, wait time wills go up, prices will go up. minorities say yellow cabs do not pick us up and we may see less cars going to the outer and more than a hundred thousand workers would benefit from the move but the uber and lyft drivers are saying hey, what about us, the taxi medallion
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group is very powerful. a million dollars was the cost, plummeted to $200,000. what about the big push for robot cars. others cities could mimic, there's been a big push to do electric robotic taxis. stuart: good one. ashley: congestion will not be fixed. stuart: big story that we have been following, charlie kirk and candace owens, candace was on i didn't do, and the police officers, and they wanted to
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press charges and he said no, i'm not going turn them into martyrs. charlie kirk will not prez charges and charlie is right now. you behaved like a class act, you were not a martyr, good, but who is going to stop the thugs from doing it again, i will make them pay a price for thuggery, it keeps going, that's my point of view, what are you saying? >> i respect the opinion, stu, in the time that this curd, i have no regrets for not pressing charges. i'm of the opinion that i would have given them exactly what they wanted, they would have been able to say, look, world, i'm a true victim, now i'm a martyr for doing the right thing and it would have given them and their base the opportunity to galván around and recruit more members, instead we -- by doing
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nothing we expose the radicalism, publicize the video and walked away and allowed the situation to fuse itself. i did have stuff thrown at me, water, physically i was fine, let's be perfectly honest about something, i did not physically retaliate, i probably could have gotten myself quite well in the situation if i hat gotten to that, we have the moral high ground here, let's stay there, it's not about retaliating or turning this into a brawl, it's about saying, you know what, we stand for free speech, i respect your opinions. stuart: i really respect your restraint, i don't know how i would have reacted if somebody has a bull horn in one ear, my reaction would be wait away from me at which point i would have touched them and when you touch anybody those people especially that's an assault, you are quite right, now have to show restrain in that sense, but i still think
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you should have turn today cops and said, arrest them. >> i was talking to one of the police officers and i sympathized with them because they have to show such great restrains just to give viewers at home who these people are, these are not protestors as rush limbaugh said yesterday, this is a mob, angry mob, protestors are people that peacefully express rights, these are instigators and they wanted us to react against them. that's what they wanted. stuart: hold on a second, charlie, candace told us i think off camera that these people are actually paid like 20 bucks an hour, they are paid protestors, is that accurate, you know that that's accurate? >> so we do not have direct evidence to suggest that, 8:00 a.m. on monday morning, mobilize 50 people against us because they sided us through a window eating breakfast, you have to ask and beg the question, really, i mean, if there was not some sort of
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incentive structure or payment plan behind this how on earth would they be able to mobilize that quickly and efficiently with the bull horns, signs, whistles and all sorts of choreography, that's the evidence that we have against them that we don't have anything beyond that but this is something troubling that people have to understand, there's infrastructure to go against conservatives who support donald trump and it's scary. stuart: come up very soon as you run into presidential campaign 20 or 30 years from now. >> you keep saying that, they're pretty terrified. stuart: charlie kirk, you're welcome back. samsung note 9, most expensive phone ever, we will show it to you when it launches, that will be at 11:00 o'clock hour, the oscars making changes, they want to get viewers back, making broadcasts shorter, one thing
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they are not changing that is the content. i'm sure that means you are going to get more trump hatred next february, the next oscar performance, you are not going to go back and watch that are you? we will deal with it in a moment ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage.
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stuart: the oscars making a few changes, spell it out, what are they doing? liz: certain category winners on commercial breaks and edit later on, they have a new category for popular film, people's choice, people's choice awards, this is a panic move, it's too long and too boring and too political, they address the two first and that's still a problem for them. stuart: i think ashley february the 24th. ashley: i don't care. stuart: i don't think they can get away of trump bashing. ashley: of course, they won't, a bunch of elites and half of the crowd was supposed to move to canada when trump was elected as president, what are they still doing here? ashley: you're disappointed. liz: ashley is right, you want
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to be entertained on sunday night and not lectured at. stuart: have a comedian and should make you laugh, they are looking out from the podium, making the speeches, they are looking out there and say you're a bunch of racist, homophobic, slam -- islamophobic. they are brilliant artists, let's keep it there. stay away from politics, come on. i think we have expressed our opinion. i will express another one, the market will open in 4 and a half minutes time and you will be watching and the dow is up 24 points and we want you to stay, we will be back. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade,
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stuart: 45 seconds the market opens this thursday morning, we will be opening from, let's see we closed yesterday at 25,583, that's about a thousand points away from all-time record high, but the nasdaq and the s&p, they're much close the other record highs, i think we are in the middle of summer rally, 9:30 it is, mid-summer. if you're an investors open up your 401(k), check it out, you
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are going to like it. you might be in the beach in algae in florida. i don't know. you will smile at 401(k). great story for you also about apple and the complaints of the european regulators. you won't believe this one. 9:30 eastern time and it is thursday morning and we have opened this market slightly lower but most of the dow stocks have not yet opened. at the moment, down 10, down 11, we are waiting for rest to open, we are still down, must be some big losers in the stocks that have already opened and we have open pretty much neutral, we were expecting gain of 20, 30 points, we are dead flat, let's leave it at that, we are dead flat, how about s&p, close to all-time high but opening this morning dead flat, it's down .01%. exactly the same story in the nasdaq, down .01%.
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ii think i can summarize. ashley: i think you have. stuart: tesla, stock of the week, where did it open, 366 is the price on tesla after the 55 seconds of business down. tribune ends merger deal with world tv owner sinclair and they sued sinclair saying that they didn't make enough effort to make the deal approved by regulators, tribune up and sinclair down but not by much. it is thursday morning, elizabeth mcdonald, ashley webster, john layfield and scott martin. i will start with tesla, sec investigating tweets and musk talk today softbank. who has the $58 billion required to buy into tesla? how about apple? >> well, look, yeah, i can think of a few good tech companies that maybe interested now, here
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is the thing, though, given musk's behavior and given his style that may be pushing some of the companies away. now the product is good but you know how you deal with musk if you do the takeover is really the next question, the other interesting thing too, guys, maybe he does have the funding or maybe he doesn't, can't we admit that musk with his language and so forth and style is really drawing a target on his back, isn't he? stuart: you don't think he's qualified to be the guy who runs tesla, is that right, right, scott? >> i think he is, he has to slow his roll a little bit, his mouth seems to run ahead of his mind which i understand sharing a birth with him june 28th if you're playing at home, he needs to cool jets a little bit what he's doing is putting the company at risk for future buyout. stuart: john layfield you like the idea of tesla going private but do you like the idea of you putting your money into tesla at
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$365 a share, 362 now is? >> no, absolutely not, and one of the reasons is because of this tweet the stock has crossed 350-dollar level, that puts them in the black, that's going to dilute share shareholder equity. i think elon musk musk finds a way out of this, he's not the only prominent america that people wish he would get off twitter. stuart: stop it. [laughter] liz: google did talk to tesla about 5 or 6 years ago and they talked about -- you know, but it didn't happen. 24 hours later there's no information on how -- what secured funding he got and i don't know how they can do a leveraging buyout when you don't have cash flow to pay debt. stuart: how do you do that? i really don't know, overall the
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s&p, the nasdaq are near all-time highs so, scott, big picture question, does the summer rally continue after labor day? >> i believe it does, stuart, we may get nerves as midterms as we are seeing polls or results come in, any opportunity you have in pullbacks, what's great about the market today even though we are at all-time high there's been opportunities, like at facebook, netflix and other tech companies that have pulled back here in recent weeks, i believe the market is going to go up into the fall, into midterm election, certainly into the fourth quarter but if you get pullbacks in the stock that is you're watching you to take that opportunity to get in. stuart: got it. now there is a trade headline this morning, china state media accused mr. trump of a mobster mentality, back to you, scott, a lot of tough talk on both side, getting a little personal but i don't see any impact on the overall market to date at all, do you?
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>> not here, in china there certainly is and in the far east there's been impact. that really goes to show you what's at risk here and the risk is certainly follow the far east maybe more than it is on our shores, so i like this tough talk, frankly, because eventually it will have ramifications on nafta and other trade agreements which is stuff that we've need today deal with for many, many years, it's been ignored. this is all good talk in my opinion. ashley: you know what, it's interesting that chinese say that because they wrote the book mob tactics, they have been stealing for so long, they have done everything. so they would know. stuart: they did. [laughter] the big board shows now we are about as flat as we can get, i think we are up 1 point, 2 points. adidas, check that stock, real action there. they are doing well, selling a lot of shoes in china and north america, look at the stock up.
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big gains. stuart: is this the future, they are looking for more than 200 virtue wail workers to work from home. is that the wave of the future, amazon is on the cutting inch of
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everything. liz: obama allowed that in teleworking. blame president obama. stuart: there you go. liz: it is the wave of the future. stuart: scott, john, is this a amazon cutting edge wave of the story, scott, you first? >> i think it's a wave of the future, you look at some of the jobs they have there, can they be successful, yeah, probably some of the listing seemed it would be appropriate for people to be at home anyway, you look around world and a lot of people are working from home and they can be productive because technology is good enough as almost basically be at the office as if they were in homes. stuart: good point, ashley. i want to get to apple, regulators have slapped google with 5 billion-dollar fine, we've got that, now they have sights on apple, wait for not, not standardizing their iphone
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cable? are you kidding me? [laughter] stuart: neat play on words. liz: not really. stuart: if that's the threat to apple no wonder it's up a buck 208, how about this one, parent company of gillette, that would be proctor&gamble. that's hurting gillette sales. that's not the -- he's -- that't what's hurting proctor&gamble, scott, right? >> i don't think so, i do believe that as the market gets volatile here going into the fall, some of the consumer names have been behind but as somebody
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who has been growing beard since birth and this is how well he's doing this really doesn't affect me. stuart: hey, john, come into this please, i have to tell you, i like to be clean shaven. i don't like that, how about you, john? >> i have a great beard, so, of course i will say cliché. i look too old. gillette's problem, we are talking about gillette the cost of razers. they are expensive. that's why people aren't buying this stuff. stuart: you want to buy gillete and they are behind glass. i think we have exhausted the subject. 9:40 eastern time, john and scott, thank you very much for
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joining us, i promise we will see you again. where are we now? down 13 points. 25,570. did you want to say something about beards? ashley: when i'm on vacation i love the fact that you don't have to shave, scrubby and not have to worry about it. liz: thank you, much appreciate it. stuart: they say the bad guys have the ability to wreak havoc in cities around the world, triggering flood warnings and manipulating traffic lights in big cities, we will have more on that story in just a moment.
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stuart: thursday morning, very little movement in dow stock prices, then we have disney launching, what is this in a sleep hotline, nicole, you to come, what is a sleep hotline? nicole: people are going to love the story, they don't go to bed 77% of parents say they have a hard time putting kids to bed. disney is here to save the day for a limited time. you can call and you can speak to mickey mouse, minnie house, goofy, donald duck, daisy, you can talk to them, you to dial 1-777-mickey and they will talk your kids. i remember when you used to talk to santa. it's supposed to make kids feel better and go to bed. stuart: believe me, nicole, i would pay anything to get my kids to sleep, anything.
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nicole: know you wouldn't, stuart varney. stuart: for that i would. thank you very much. i really would for that. democrat senator bill nelson from florida, he says russian operatives are meddling in several florida counties ahead of the midterms, are they actually inside? ashley: he claims that operatives have broken into voter registration systems. stuart: all-time high, it's
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closing in, it's getting very close to $1,900 a share, there you have it. 18.91 as we speak, i want more on hacking, we need to take a look at this, new ibm research looks into how big cities around the world could be hit by hackers, they could do this, here is the list, set up radiation alarms in europe, trigger flood warnings, manipulate or cause alarms in real emergencies. why haven't we seen -- here is the question, have we seen any of this activity thus far? >> so, you know, we haven't seen activity like this yet but if you can think about the -- the missile warning that we had in hawaii, we have seen the result that activity such as this could cause and that's why it's
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important that my team at force red is very aggressive in research so that we are testing these systems before the bad guys have a chance to exploit these flaws. stuart: you're the force red guy, your team of hackers goes up against the bad guys, the black-hat hackers, okay, is that how it works? >> exactly. force red team is a team that attacks using same technique that is the actually criminal use but we use them in optimal situation before the criminals have a chance to finding the flaws so that manufacturers can fix them and so that those patches can then be rolled out to cities or clients or infrastructure so that when criminals then attack these systems they are unable to exploit the flaws. stuart: that's how they do it, they get inside, i don't
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understand the technology here. >> if you think about the technology that operates a small city, iot, internet of things, it's the same technology that you might have in voice assistant in your home or smart thermostat or smart technology, the technology is very similar across the board and the flaws are very similar and what we are trying to do through this vulnerability research is ensure that these systems aren't being tested by the first time by a criminal, so, you know, when you see force red research whether on behalf of clients or on behalf of electronics' industry, what we are trying to do is make cities and consumers safer. stuart: you could reverse this
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and could you say we can do that to them if we wish? >> so, you know, there are strategies to take on criminals more aggressively but really the best defense in this scenario is just fixing the flaws before they can be exploited by criminals. stuart: got it. charles henderson, very interesting stuff, we wish you well we wish the red force guys win every time. thanks for joining us, appreciate it. >> thank you. stuart: dow 30 shows equal split between winners and losers, the dow industrials are down 15 points, we are not going very far so far this thursday morning. here is a story, authorities breaking up a muslim extremist compound in new mexico, 11 children were kept in horrible conditions and allegedly trained to be school shooters. up next we have someone who says we stopped them just as they
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were getting ready to carry out a deadly attack. more varney after this. including nasal congestion, which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist.
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stuart: okay, we are down 11 on the dow industrials, chilling story here it is, several men
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arrested in new mexico compound, allegedly training children to carry out school shootings. ryan moore is with us, director of intelligence network. ryan, your network looks at these muslim compounds around the country, correct? >> any radicals on network, yeah. stuart: this particular one in new mexico, how do we know that they were training children to shoot up schools? >> public court document, so they got that information from what they found right at the compound on the 10-acre plot of land. stuart: nos not speculation? >> this is 100% proven, anyone who disputes that at this point is crazy. stuart: adults training children, i think 11 of them, kept them in rotten conditions, training them with firearms to go shoot up a school. >> exactly. stuart: what more do we know about this? >> well, you know everything you need to know because that's clearly a jihadist training camp which my sources involved in the investigation and muslim source
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that is were aware of the family all told me this was, it's not just a radical islamic group a cultish group and a boy abducted, died at the compound, but actually a family, a family that stems in brooklyn, one of the most powerful imoms in the united states and know he's very radical, inspires people to do things he won't do himself. stuart: the leader to have place in new mexico and that's one of his wives. >> that looks like it, yes, three women, mother of the children and two men. stuart: what is this about a tunnel inside the compound? what's this about? >> if you look at video wuk-through, it's amazing the fbi didn't go earlier, they're
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preparing for war, they set up 150-foot tunnel built it and actually had spots with sleeping bags so they could hide underground and escape tunnel outside of the property limits so that they could escape without the authorities searching the property and know what's going on. they were prepared to fight. it's a miracle that we didn't have islamic, what's the evidence that they were in fact, planning to shoot up schools using their own children, what's the evidence for that? >> it was indicate today me that it had to do with interview and interrogation, prosecutors are saying 100% to the point they filed in court, it's not speculation, look at the guns they had there and the fact that local authorities, and this never happens what i'm about to tell you, press release said we went in because we've got tired of the fbi stalling, i've heard things like that happening but to bring it to the point where
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you public i will say that, that's a high-level of frustration. stuart: i will add that when i look across the media i see some coverage of the condition that is the children were in but very little coverage of the islamic radical connection. >> right, even now i'm looking at it and they are talking about school shootings as if it were crazy kids that got bullied, but this is an islamic extremist group, the neighbors knew it and the fbi and police knew it and by my own research following the family and knowing who is head of the family is, clearly radical islamic, we don't know imam was involved. imam, teaches all of that to the point in 2001 and you can see in poster, he spoke at an event jihad camp for muslims. stuart: i have to go but that's enough. come back and see us soon. i'm sorry, i have to go, more
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varney after this.
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stuart: does anyone really enjoy flying these days? you of course familiar with the usual list of complaints. security lines, packed flights, delay, unruly passengers. add one more. animals in the passenger cabin. delta carries 700 emotional support animals and service dogs every day, 700 every day. it was 450 a day just two years ago. yes, there are many more dogs and cats on your neighbor's lap, on to your seat. in those two years, incidents of biting, barking urination are going up. it is number of emotional support animals that is really gone through the roof. up, i'm sorry, up 56% in a year. several airlines imposed new ruse. you need documentation to prove you need the animal. that has been properly trained.
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it had no effect. the documents are easily available online. suppose you object? you are harsh and insensitive. you will be labeled an animal hater. you are in the wrong. well i think not. i think a lot of people claim emotional support status for their pets simply to avoid paying them to fly in the cargo hold. it might be tough on the animal but very tough for the flying public. it is like bereavement paid leave, it is nice to some people in some situations but wide open to abuse. i understand the airline's problem. they don't want bad publicity and they don't want lawsuits. maybe this is one occasion when we need, dare i say it, government regulation. i'm going to get mail on this one. the second hour of "varney & company" is about to begin. ♪
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stuart: i will never live it down, calling for regulation. ashley: what's wrong with you? stuart: mortgage rates, thursday, 10:00, where are we? ashley: favorite time of the week. the 30-year rate on freddie mac coming in at 4.59%. last week it was 4.6%. what we can say mortgage rates have been drifting sideways last several months. it isn't a bad thing. it provides stability. the strong economy continues to support the housing market. that is important. stuart: 4 1/2% is the 30-year fixed-rate loan. ashley: not bad. stuart: check the big tech names, please. we, look at amazon, first of all. that is now 1889. that is very close to the all-time record high which it hit earlier this morning. we have apple, microsoft, both of them are dow stocks. both of them helping the dow this morning. microsoft at 109, almost 110.
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rite aid called off merger. some were opposed to merger not the way to go after amazon and walmart. better profit at viacom. it is up 3%, $29 a share. the price of oil, i think it is $67 a barrel. yes it is. the sanctions on iranian oil don't go into effect in to november. meanwhile the price of oil is holding in the mid $60 per barrel range. get back to the contentious editorial about the rising number of pets on planes. market watcher gary kaltbaum is with us. wait, wait, wait. i will talk to you first of all about pets on planes and my call for government regulation. i know that threw you for a loop, gary, but why don't you comment on that before you get into the market. >> say it ain't so, stuart, you used those two words. i am in the airports, once a week. it is not that bad.
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yes, there are dogs. yes i am being abused but not to the point i think anybody has to worry. i do believe you let the airlines handle this, if it gets out of hand they will be much more restrictive. leave government out of it. they will end up screwing it up somehow. stuart: you want to see more dogs, cats, other pets on board flights you take? you don't mind? you don't mind? you're flying up there in first class and 50-pound german shepherd next to you. >> had a beautiful dog next to him. i petted him the whole time. i'm not interested in having kennels on airplanes but i just think it is not to the point where you have to worry. i do believe the you let the airlines do the job, if it does start to get out of hand at this point in time. stuart: you're totally wrong on this issue. see if you get it right on the stock market. >> you said government regulation, stuart. stuart: okay.
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15-love to you. you get that. s&p, nasdaq, very close to all-time highs. looks to me like we are in a summer rally. does it continue after labor day, into the latter part of the year? >> if nothing changes, so far markets act fine there is a pretty decent chance, whenever you have a decent market toward the end of the summer you usually have a december fourth quarter so i will give it the benefit of the doubt. a lot of headline risk. you have a big election coming up. that could change the playing field. you got the mueller thing going on, tariffs. you never know what comes out of there. like always i will watch price first, everything else second. if price starts to change to the negative i will react to it. stuart: if democrats regain control of house of representatives does market go down? >> it's a headwind. they promised they will put in legislation to roll back the tax cuts because nothing will get done because of the president's power of the pen. it is certainly will not help,
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especially these democrats that are left of left. stuart: do you follow politics? i know you say you look at price first but when you're looking ahead, do you figure out, this, what happens if democrats win the house or what happens if the president sin dieted some way because of russia. >> i follow politics 24/7. i'm a professional at it. there will not be an indict. that already has been said there will not be an indictment. i am not worried about that at all. if anything mueller comes out you did this, that, other thing, shame on you. the media will carry it 24/7. the most important thing if they do win the house they can't get anything done accept investigate an legislate. what matters to markets most, interest rates stay down, economy is strong, that will work wonders going forward. everything else will end up being noise. stuart: you're wrong on pets on planes. you're right on the market.
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try this one. elon musk wants to take tesla private. he is looking at $420 a share. it is currently at 361. would you buy tesla stock now at 361. >> trust him as far as i can throw him right now, stuart. completely mishandled. i'm a big believer in the markets and the markets right now have a 60-dollar discount what he said the buyout price would be. i got news for you. i don't know anybody who would pay, 60, 70, $80 billion for this company. leveraged buyout companies, they want cash flow to pay off the debt to buy the company. there isn't any cash flow. i don't know where this gets done. maybe a sovereign wealth fund has a lot of money to throw away. at that price you are paying, you know, $10 for a five dollar bill. but why? remember everything is about price also you don't want to pay too i for something. remember the other point.
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they have 10 billion in debt. but they promised to have a smaller suv. they promise the plants in china. they promised all kinds of spending going forward. i think the price for this is ridiculous. the handling of this is doubly ridiculous. don't forget, there is also some regulatory risk now, the fact that the stock is 27 bucks below highs of last couple days after his tweet, there will be class action lawsuits if nothing happens. stuart: kaltbaum, you got that one right. well-done, young man. >> two out of three. stuart: good stuff, gary. see you again soon. >> thank you. stuart: now this. look at headlines. this actually was written by our next guest. political hatred has fon wild. americans need to work together. harry kazanis. senator for american interest. you believe this at home hurts
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oust ability to conduct foreign policy overseas? >> i was creature of cold war, was born around 1979. there was bipartisan consensus on things that needed to be done. there were folks who didn't always agree how much we should contain the soviet union but or what the military strategy would be but we worked together to find common solutions to foreign policy even today, there is no consensus on any of our foreign policy goals. take that into domestic politics and it is sheer chaos. we need to do a little more listening to one another. maybe closing our mouth as little bit, trying to understand what the other side is all about. when we demonize one another nothing gets done. stuart: i would characterize empty trump's foreign policy so far as very successful. -- president trump. he is applying sanctions on russia. the russian economy is not doing well. sanctions on the turks, the turks are in pad shape economically. sanctions on iran. their economy is collapsing.
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i would call that is successful foreign policy without agreement at home. >> i agree with you there and what's really frustrating for me, stuart, this narrative on the left that trump is weak on russia. look, take all your politics aside, whether you're a democrat or republican, his foreign policy is essentially the reagan playbook on russia. contain them. if they do something negative, they get put into a nice little box and they get constrained. arming ukraine, we've actually bombed bashar al-assad, russia's allies. those are things that democrats would traditionally support. because they have this insane hatred of president trump, they can't get behind those things. and again, it is a real shame. stuart: but it is not going to change, is it? i see this contempt expressed for the president all the time, throughout the media, throughout the left, absolute hatred and contempt and i don't think it is going to change. you may be calling for more civil discourse but you think we're going to get it? >> you know, not in the long
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term. not in the short term to be honest with you. every time i come on fox, i do a lot of work with conservative media which i love to do because i'm a conservative, i get emails with death threats. people attack me on twitter. they attack my ethnicity. i just don't understand it. i mean look, there are ways that we can work together, we can listen to one another but we have got to do a better job at that we can't make politics so personal that the country goes into gridlock. if you look at history, stuart, that is how countries eventually collapse. i think america is a wonderful country and we can do better than that. stuart: harry, that was good stuff indeed. thanks very much for joining us. thank you. coming up, china accuses the united states of a mobster mentality. threatening tariffs on $60 billion of worth of u.s. goods. later this hour, our guest just back from china. china thinks trump is stupid and crazy for this trade war. he is on the show later.
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alexandria ocasio-cortez, socialist from are new york, wondering why the u.s. pays for quote, unlimited war but not medicare for all. we will tackle that one. we saw, you saw that story. 40% of the americans can't name a single first amendment right? campus reform went to a university to find out if students are able, well, it didn't go well. couldn't name one. didn't go well. we'll show you the video. you're watching the second hour of "varney & company." ♪. napoleon is duping us! all around louisiana... you're a nincompoop! (phone ping) gentlemen, i have just received word! the louisiana purchase, is complete! instant purchase notifications from capital one.
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stuart: we're not getting much stock price movement today. look at that. we're up five points, 25,589. jcpenney, still in business, expanding their baby selection, adding baby shops to 500 stores.
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now these stores have been picked strategically for where another baby retailer closed its doors. that would be babies 'r us. jcpenney $2 a share. look at adidas. they're doing well, selling a lot of athletic equipment in america and china and the stocks reflects. they have a nice rosy forecast through 2020. canada goose, they exploded on the scene with those jackets. they are selling very well, the profits are strong, the stock is up 2 1/2%. at 57. now this, democratic socialist alexandria ocasio-cortez has a question about medicare for all. listen to this. >> write unlimited plank checks for war. we just wrote a 2 trillion-dollar check for the tax cut, gop tax cut, nobody asked those folks how they are going to pay for it. why is it our pockets are only empty when it comes to education and health care for our kid.
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stuart: i believe she went on to say, why do we pay for unlimited warfare but not medicare for all? okay? look who is here. jason chaffetz, utah congressman, used to be. he is in the tv business. you're loving it. >> yeah, i am. stuart: go at it. >> her numbers and her facts are totally wrong. first of all one of our biggest expenditures is medicaid and medicare. nearly 75% of the 4 plus trillion dollars will be spent is medicaid, medicare, social security and other entitlement type of benefits. and so when you look at the expenditure with the department of defense, it is now north of $700 billion. it is the largest part of the discretionary budget but the mandatory programmatic spending when she says we don't spend as much on medicare, medicaid, that is factually off by literally hundreds of billions of dollars. stuart: we did not write a check
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for $2 trillion. >> you should never have to justify the american people keeping their own money in their own pockets. what you have to do is curb back spending. we have to make tough choices. what she while fail to do, if challenged, will you work with republicans to modify, medicare, medicaid, and soes security so they're sustainable for everybody into the future? you have to change the trajectory or they continue on in the red. it is not sustainable. stuart: you save it by changing its trajectory. >> you do. my 25-year-old son, my wife and i have a 25-year-old son, his progress through to social security will be marketed different than yours and mine. it is different. if you don't engage in entitlement reform which is what congress is not doing then you don't actually fix the systemic problems there in congress. stuart: do you think the love affair among the democratic party with alexandria ocasio-cortez is over? because the candidates that she backed on tuesday's election didn't do well. >> no. only two out of six or so had
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actually won. the problem is, the democrats are moving further to the left. they're moving towards the bernie sanders of the world. if hillary clinton hadn't worked to fix that election very well could have been the democratic nominee. it sounds good to give away to everything, put root beer in the drinking fountains but there has to be a responsible way to pay for it. stuart: you're right. i am going to digress for a second during the commercial break you and i were talking, we were talking about pets on planes. >> yes. stuart: we couldn't get the pictures, but you got the pictures on your phone. you showed me a picture after horse, emotional support horse on a plane? >> you could go to your browser and google this type of thing, emotional support turkeys, horses. would you love to buy a seat on delta sitting next to a turkey? stuart: you showed me a picture of a turkey on a plane for emotional support. >> horses, pigs. there was an incident with a peacock. look, you have a military.
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you have kids with cancer that need emotional support animals. stuart: right. >> but there are some legitimate things but you're absolutely right, it is being abused. stuart: you're a powerful guy. didn't you go to delta say, knock off the horses? >> we talked to delta, you can't bring who ares into -- went to the restaurant association, look we have these emotional therapy horses coming into our restaurants. and who wants to be eating a burger and fries, kids look at the pony? stuart: you're a disgrace. you're harsh. you're insensitive. you don't feel for people the way you should. you are just outrageous. >> i won the elections. stuart: jason, thank you so much for being with us. appreciate it. coming up, it's summer. beer companies having to change their business models because, millenials, they're not drinking much of that stuff any longer. not sure i understand why. maybe jon taffer does. he is the "bar rescue" guy. he will be with us shortly.
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>> she has no home because you're in bed. do you understand that your wife thinks less of you today than the day she married you?
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stuart: yelp, you know they are the people that put up restaurant reviews up there, they got a good forecast, gave a good forecast, the stock is up, whoa, 25%. that's a rally. i'll take that. roku, the streaming device, record highed. added users making money. investors like it, that is up 20%. big moves today. tribune media terminating the merger deal with sinclair broadcast group and tribune is taking sinclair to court. deirdre bolton is here. i want to know about this lawsuit. >> almost $4 billion.
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tribune as you said, tribune is suing, listen, sinclair you did not do enough to divest and did not do enough to appease regulators. sinclair said, yeah, yeah, we'll spin off these stations but behind the scenes they were replacing board members on stations. it was about control. basically in july both parties knew it was dead in a sense the fcc chairman said we'll send you to this specific kind of court, which is basically a death knell on the deal. stuart: this is all about a amalgamation within the media business. >> that is exactly the bigger picture. that's what we're seeing larger scope we talk about, for example, the parent company of this channel, 21st century fox entertainment selling to disney for $71 billion that was agreed 10 days ago, the idea how to compete with amazon, how to compete with netflix. you're right. everything is fragmenting, finding bigger partners. stuart: everything is going live, streaming internet. >> small, digital packages,
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that's it. i find it fascinating very, very hard to follow. i don't know who does what. thanks nor setting it out. >> at your service. >> deirdre, good stuff. a book that helps people prepare for the law school entrance test getting reprinted. why? well, some of the practice questions were disparaging of our president. we'll tell you what that book used to say. "bar rescue" guy, favorite guest on this program, jon taffer, he is joining me next, about beer consumption among young people. ashley: going down. stuart: i don't know anything about it. ashley: yeah. ♪
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♪ [laughter] [inaudible] stuart: at the top of the hour i did an editorial, i suggested maybe we need more regulation for pets on planes. maybe i should apologize for that. good song though. good song. that is what i want. dow industrials up 12 point. that would be 12 points. 13 points. 25,596. big tech, all of them on the upside. facebook at 186. talk about recovery, 185. they're up there. amazon at 1899 on the cusp of hitting $1900 a share. al pet -- alphabet 1266.
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microsoft 109. pub libber of that helps prepare for the law school entrance exam removing antitrust references. joining us cabot phillips. who knows a lot about that stuff. >> the only way you could answer the question that president trump's campaign was based on xenophobia, sexism. the lsat textbook. they're not sorry bit. they are removing it because they got caught. we're so hurt. we don't know how this happened. they're doing this for public relations because they know people are upset about it. this is nothing new. other university textbooks are riddled with anti-trump references. anything conservative will be presented negatively. saw an entire course out in california based on the premise how we can as americans impeach president trump. that was the premises of the course in the syllabus. that is nothing new. only way you stop this kind of thing is public perception or pressure. that is why this textbook
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changed it. stuart: you do great work on campuses with videotape recorders. you go around and i will play for the audience you did for one recently. 40% of americans can't name a single right contained in the first amendment. >> yeah. stuart: you took your cameras to college campuses and asked them about this. hold on a second. roll that tape, please. >> i have got $20 right here if you can name all five? >> no way i'm naming all five. >> any come to mind, freedoms unthe first amendment? >> i have no idea. >> can you name the five freedoms protected under the first amendment? >> no, i really can't. i don't know. >> i can't. stuart: wait a minute, that was columbia. >> columbia. you maybe expect people in ivy league school have a little better answer. this is not just millenials, across the board. 71% of the people in the poll can only name one or fewer of the five. you can't expect every american to know intricacies of constitution. when it comes to basic first amendment rights, you should know a few.
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for anyone asking how did the free speech crisis start? how did it get to the point that people are so willing to shut down speech and voluntarily give up their own freedom of speech. people are not aware of what your rights are. if you're ignorant what your freedom is more likely to curtail. stuart: the constitution is it not taught in our schools. >> we have reported all day leadership institutes, campus reform, how universities are replacing civic courses, government courses, history courses with social justice initiatives. if you are a incoming freshman now, no longer mandatory you pass a civics course or government course. they're replacing them with other things. that is part of it. also students are now taught in our generation and my generation unfortunately that feelings should be prioritized over freedom. i asked where should the first amendment be curtailed, how far should it go? as long as you're intentions are good, when you willfully intention people's feelings, that is -- who decides. you have been hurting my
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feelings a lot lately i feel i should be able to curtail speech. stuart: this is not a trap. five freedoms. >> freedom of speech, freedom much the press, freedom of assembly, fred dom to pete the government, freedom of religion. you're trying it trap me there. give me $20. give it to me. stuart: get money out of me? ashley: goo good luck on that. that will not happen. stuart: thank you, cabot. wish you well in campus experiences. next case, millercoors, pulling a beer which was geared towards millenials. the beer was called, two-hat. two-hat. ashley: two hats, they took it away after just six months. six is months after debuted. people weren't buying it apparently. look who is here. welcome back, jon taffer, "bar rescue" guy. don't millenials drink beer any longer? >> not as much as they used to,
quote
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stuart. which is interesting, millenial beer sales are way down and this product was created for 21 to 24-year-olds. they never bought in the first place. rejected it right from day one. it never achieved any sales. pulled from the marketplace but the beer problems run deeper. we have what we call our core brands, coors, miller lite, bud light. all the distributors carry all the craft brands. so the core brands aren't important anymore. so what is happening to the beer companies, they're losing all their craft beer sales but their core brands are getting destroyed. stuart: they're destroyed? >> oh, the sales are being reduced so light beers like coors light, miller light, bud light, they're consumed later in the evening after people have one or two craft beers. they move in light beer direction. rather than drinking three light beers in a night, you might have one at the end of the night. so not only is the ordering occasions lower, less beers
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being ordered, but they're ordering less of those core brands. it is a real dilemma. ashley: are they drinking more wine instead? >> more wine and a lot more spirits. spirits are hot now. craft spirits are hot now. stuart: what is a craft spirit. >> craft spirit, there are distilleries open all over the country. i own one in northern nevada. stuart: you do? >> there are whiskey distilleries, vodka distilleries, just like craft beer distilleries. states are changing their laws -- ashley: to allow it. >> to allow it. stuart: you have the craft liquor distillery, what is the price of your product, i take it is more than the cost of a regular liquor? >> yes. stuart: how much? >> about 30% higher. liz: 30. ashley: put word craft in front of it. stuart: because of your name, jon taffer areor the word craft. >> it is not the word craft.
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the fact it is ground to glass. grain grown on property. distilled on property. bottled on property. there is a craft nature. craft is not just a word. it's a practice. a state disi willry is another practice. stuart: people are paid to 30% more for alcohol over and above regular liquor because it is ground -- whatever you call isn't. >> it has premium nature to it. adds to relvan sir, they're snobs. >> when you look at millenials, relevancy is critical. they want to look cool. they want to post it. liz: put the word artist sannal in front of it. stuart: cabot phillips, i don't know whether you're a millenial or not? >> i'm a millenial. stuart: would you pay 30% extra for craft liquor. >> i don't know pay that much more, i talk to my friends, you don't want to be bloated and grossed up drinking beer. a lot of millenials are more
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health-conscious now. people view beer as heavy feeling. that plays a role as well. >> less ego filled product. not as expensive as fine spirit. there is a lot of ego. stuart: snobs. we clearly livened up the debate in the middle of summer on a otherwise slow news day. i will chuck something else out there. >> okay. stuart: did you see my editorial at top of the hour where i'm saying too many animals on planes, i don't like it, we need government regulation. i know you fly a private jet but what do you make of this? >> i haven't been in airport in a while i must say, but last time i did i must say, i thought that the dogs were better based than some of the humans on the plane. stuart: not bad. >> there is a lot of inconsideration in this. what is happening people are saying screw you to the person next to them. ashley: what if you're allergic. >> to facilitate a selfish objective makes them feel good. years ago there was courtesy.
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we didn't move our arm across the arm rest. ashley: that is long gone. >> ought of those courtesies are gone. it is free-for-all. we fight for the arm rest. we fight for the inches. it isn't courteous. it is completely different environment. this is indicative of me saying, i care about me. i really don't care whether you like it or not. stuart: you're right. you're right. >> that attitude. stuart: how about government regulation that really restricts, seriously. ashley: no horses on planes. >> number of pets on planes, government regulation, what do you say? >> i think planes are very heavily regulated because there are safety issues too. so when i understand that the government is going to regulate something about an aircraft, might keep animals out of aisleway, might impact safety, i'm open to those things in the case of an aircraft. stuart: no horses, no pigs, no turkeys, absolutely no peacocks and absolutely no snakes. liz: no therapy snakes.
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stuart: are you with me? >> i will never complain about dog on a plane. fill my plane up with as many golden retriever puppies as you want. >> we were doing well until you, young man. you're all right. [laughter]. coming up, are we talking about the space force? vice president pence is laying out details in less than 30 minutes about the new space force. we'll talk to harrison schmidt. he walked on the moon. that is in our next hour. first, china, slamming us on trade, saying the u.s. has a mobster mentality. we'll talk to someone who just returned from beijing. we'll find out what they had to say behind closed doors about mr. trump. ♪ dear great-great grandfather,
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discover your story. get started for free at ancestry.com ♪ ashley: market watcher john layfield told us last hour that elon musk of tesla, his behavior, may be a little unorthodox for the market but there is nothing wrong with it he says. take a listen. >> if this is true absolutely, what he did with a tweet is
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unorthodox there is nothing wrong with this. you can disemanate information by social media if you're going to disseminate that information. tesla in 2013 said, watch mr. musk's timeline for the further updates on the stock price. that is unorthodox but that is fine. secured funding. this should take five minutes this is huge. either he has documentation that he has secured funding or he doesn't. if he does this is the biggest buyout in history. if he doesn't, it appears to be a sec violation. ♪ with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia.
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stuart: looking at big-name stocks that are moving. this one is moving. that is a big name. that is viacom up 6%. viacom's channels include mtv, nickelodeon, a whole lot more. $30 a share, up 6%. let's get to trade. china has very strong word for our country accusing us of having quote, a mobster mentality. our next guest wrote this book, the 100 year marathon, china's secret strategy to replace america as the global superpower. the author, michael pillsbury, hudson institute senior fellow. michael, you were in china last week. >> that's right. stuart: you held meetings with top level officials behind closed doors. what are they saying about president trump behind those closed doors? >> well they to the two mixed
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messages, stuart. one message they doubt president trump's resolution on this they think this is some sort of huge split inside of the white house. you would be amused, used people's first names. talk about peter and bob versus steve and ivanka. so they're convinced there is a split white house this is some kind of a stunt as part of the midterm elections. if they hold on three more months, they will be in a new world. that is one part of their message. the other part of the message is something very strange i never seen before, they're structuring their answer as though they are defending the entire world against president trump. they claim they are the leader for free trade now. they're willing to make sacrifices, face down more tariffs and other restrictions on behalf of the entire world. i really have not seen this bevies iting china for 40 years. stuart: it is unreal, because china is a protectionist in many senses of the word. don't they know that? >> no, they won't admit guilt.
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they have apparently gone through the various, long, 100 page documents the white house has released with all their what i would call crimes, especially forcible technology transfer area. they decided to dig themselves in even deeper. they're denying everything. they put out statement after statement. they told me in the closed doors meetings that this is all false. it is defamation. it calls into question's china's growth over the last 40 years, as one of them put it, we have not stolen our way to the top. we're not going to admit these allegations. that makes it very difficult to get some sort of negotiated solution. stuart: do they have any personal comments about president trump himself? >> they like to portray him as unpredictable. as someone who changes his mind according to who he has last spoken to. that is why this, this focus on the peter and bob versus steve and ivanka, this is some sort of
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family feud inside the white house. i think they're wrong. i think they misread president trump. he has been writing books about this, articles, making speeches for 20 years this is not some idea peter navarro put into his head. he feels deeply about this they don't believe me. i can see right now they're in for longer what shall we call it, slugfest. that is the news. chinese attitudes, verifies citi. stuart: how do they deal with their own economic problems? their stock market is down in the region of 18 to 20% when the tariffs were first started. >> yes. stuart: their exports slowed down significantly. did they mention that because we are inflaking some pain on them? >> i think you and i speculate stuart, that they're afraid. they realize they have got a fragile economy on their hands. that they're really not as tough as they look but that isn't what the message is. the message is how much pape they will inflict on us and how
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they're not afraid, they're defending all of the world against president trump. as i say, i just never heard this kind of rhetoric before. we bombed their embassy by mistake back in 1999. killed some chinese officials inside the embassy. they were mad then. they had demonstrations in front of our embassy. kept our ambassador from going to his residence. that is more extreme than now. the rhetoric is very strong in beijing last week. stuart: thank you for that report, sir, that is important to find out what they're really saying from behind closed doors. michael pillsbury, great book. thanks for joining us again into thank you. stuart: yes, sir. coming up revitalizing cities. that is what one company is trying to do. they did it successfully in st. louis, philadelphia, atlanta. now they're trying a city in texas. we'll head to arlington for that story and it's next. ♪
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it's nice to have a choice. and your coverage goes with you, anywhere you travel in the country. we have grandkids out of state. they love our long visits. not sure about their parents, though. call unitedhealthcare and ask for your free decision guide today. stuart: it is still a go nowhere market. we're up three points on the dow
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industrials. 25,587. our next guest is in the business of revitalizing cities around the country, building large complexes with shops, bars, restaurants, right in the middle of run-down areas of big cities. david kordesh, chair and ceo of the kordesh companies. i think you're opening today, arlington, texas. that is where you are. tell me what you're opening? what is this complex? >> the complex is called texas live, stuart. and it is located next to the texas rangers baseball stadium, the brand new billion dollar stadium under construction. right across from the dallas cowboy at&t stadium. so. we have a unbelievable location drawing millions of people. but we intend to make it a seven-day a week, 365 day
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entertainment zone, entertainment center, with hotel rooms under construction, with all kinds of live entertainment so you will come here whether or not there is a ball game. stuart: okay. >> you will come here. come here when the rangers are away. stuart: i know you've done this in other cities. kansas i think you had a development in the middle of town. that worked very well. do you get, you got to get a subsidy for this? the local authority has to give you a significant amount of money, or else you wouldn't do it, right? >> well, you touched on a very important point. when you're going to change an environment significantly, you need to form a public-private partnership and the public side is the city, in arlington, for example, mayor williams has been an incredible partner. the county has been a partner. the governor abbott has been a partner. so that they do certain things to help the private sector, has
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to make the largest investment. the rangers have been finance fantastic as partners. and you change what is now is a small city into a major city. what is a tourist destination into an international world tourist destination that has to be a public-private partnership. stuart: now president trump is big on speeding up the approval process for permits. i don't know why you're smiling, david, but did that help you in arlington, texas? >> well i can tell you this, the president is right that we need to speed up the development process but if he want as model for how to do it, come to texas and come in particular to arlington, texas. i know we broke every world -- he probably will. but, they know how, they know how to move a permit down here. stuart: that's good. that's real good.
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>> started from scratch. stuart: david, i have to run, i wish you well. i hope it's a great success. good luck. thanks for being with us this morning. we appreciate i. >> thank you. come down and see us. i think you will love it. stuart: i will. i'm the guy wants more government regulation. more after this. . .
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stuart: well, well, new rules for the oscars, in february next year, the broadcast will be limited to 3 hours. some of the more obscure awards will not be televised, they will present an award in new category, that ought to do it, right, that's the way to get viewers back, no, it won't, the ratings were down 20% last year, it's not the length of the broadcast that turns people off, it's not the format, it's the content, it's the hate, it is the content. in the trump era hollywood never fails to talk down to as ordinary people, the elites are
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on full display, they really think we are racist, islamophobic, deplorables, i know i'm stealing hillary's line but that's the line that hollywood puts out too. one more thing, they have no sense of humor, so called comedians who host the broadcast are not funny and that will not change, there's nothing humorous about mocking and contempt, the only reason i will tune in is to see if they change their political views, now, they won't but it would be interesting to hear them squirm around any restrains put on them, these are talented people, truly great artists but they just can't lay off the politics. the third of varney & company is about to begin. ♪ ♪ stuart: fresh from my rant
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about hollywood, look who is her, popular the most popular guest ever on varney & company. i'm flattering you. >> i'm honored. what i find interesting about the oscars show, you have the world's greatest actors, people who can play anything and when you stick them in front of a teleprompter, they can't read prompter, it's amazing, zombies, motion pictures, bring us together across the world to gather in the dark and here is the oscar for best costume designer and documentary, it's like they can't do it, you have people in show business who can't -- who can't do a show. and as you said, stuart, it's -- for 11 and a half months of the year, motion picture business now is like iron man, franchise
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man 53 and then for like 3 weeks before the oscars it's also suddenly like oscar bait chick flicks produced by harvey weinstein oddly enough and they pretend they are great artists, tell the sobering story of a woman growing up, wait a minute, i never saw this film. [laughter] >> it's actually the contradiction about who they pretend to be and what this business model is. stuart: yes. >> it's like you do business for 3 hours every day, talk about business, talk about apple. it's like if you were suddenly pretending when you had your best of varney that you're like a push-tune for the year.
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it's not who they are and they can't do it. stuart: i was born and raised in england, you were born and raised in canada? >> the dominion of canada. i'm one of your common wealth cousins. [laughter] stuart: lucky you. >> we are old school imperialists. [laughter] >> sorry, you didn't say that. [laughter] stuart: seriously, born and raised in england and i got use today upper classes talking down to, treating you like you're racist, you're the unenlightened, i get the same feeling when i look at the oscars, they are talking down to me. >> i think that's -- i think that's what it is, it's the con condoleezza -- they are like the permanent
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aritocracy, people marked the way of oscars were a couple of decades, i think saving private ryan they did an did interpretive dance for the invasion of normandy or whatever, i remember rob lowe duetting with snow white. if you go before that, here is the real critical thing, there was a fantastic one during vietnam war, some guy won film short, got oscar and reads out a message as his acceptance speech. frank sinatra walks out and says, i want to totally disassociate from the academy from speech. charlie mccain says, thanks, member, i'm also a member and ii would like to reassociate
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myself. [laughter] >> there were two sides. stuart: back then there were. >> today there's not. stuart: would you stay with us, mark, i will bring you back for another subject. i think we are talking beer. >> really in talking beer, that was the great animated oscar winning of last year, talking beers. beer emojis were the best one. stuart: would you like to take over the entire show, you're close to it. stay there. [laughter] stuart: this is really serious, security and exchange commission is examining elon musk's tweetings and whether musk was truthful when he said, yes, he had lined up financing was secure, come in jack, see if he can follow the hollywood rant, jack, welcome back to the program, i believe that your position is tesla should never have been public company, never gone down that road, is that right? >> yeah, i think that's right. we are all bemoaning the fact that the stock market is smaller
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and a lot of companies are opting to stay private, i think a lot of it has to do with cross current between visionary approach versus this short-termism of the quarterly investment result, the earnings result and so i think that, you know, there's only one person that i know of and it's jeff bezos that has been able to manage both because he has been able to throw analysts and investors a bone every quarter. stuart: jack, i don't like to look of the stock right now, all the way back to 356, keeps losing ground, would i be right investors don't believe he can get the money to take it private, it's not going to happen, is that what the market is telling us? >> yeah, it's a really tough, this would be tough lbo because lbo's like cash company that
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make debt service, he would need to line up a lot of equity and, you know, that's a long-term faith-base initiative. stuart: does he have to come up with documentation which says, yes, i did secure the financing and if he can't come up with that documentation, if he can't convince the authorities that he did have the financing, this guy is in real trouble, isn't he? >> well, i mean, that could be an sec violation if he's trying to move the stock and gets the shorts out of tesla and he's just, you know, wrapping his arms without much documentation, yeah, i think the sec will look into it and see what he has. stuart: jack, thank you very much for being was, i'm sorry i cut it so short but we have mark on and on and on about hollywood, i couldn't shut him up. jack ablin, you're all right. by the way as tesla keeps falling, now down 1434, 356 is the price right now.
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it's down. check this one out, look at apple, the european union is going after apple because they have not standardized their charging cables, can you believe that? the europeans. don't lek mark stie -- don't let mark stein, yelp, rosy forecast, up 27%, $48 a share, that's what you get with a rosy forecast, happening this hour, samsung, they will unveil their newest phones, we will take you there to take a look at them. we will be back. oh no, no, no. there's more script for me to read. ashley: fabulous. [laughter] >> well, that's really professional.
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[laughter] ashley: that's how you do it. stuart: vice president pence will lay out the space force for us momentarily and any headlines from the podium you will get them fast. we will get his take on the space force. new york city vote today put a cap on uber and lyft cars in the city, good for cab drivers and not so good for passengers, listen to this more than 600,000 entered legally and stayed, what's the fix, we will figure it out. the special election in ohio, even 588 uncounted votes were found in a suburb of columbus could be referendum on the president, we will talk to rnc in a moment, meanwhile that's what you're looking at and that is portland oregon, looks like a
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building site to me. ashley: that's the soccer stadium. stuart: is it? year, i am sorry. [music playing] (vo) progress is in the pursuit. audi will cover your first month's lease payment on select models during summer of audi sales event.
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stuart: new york city voted to put a cap on the number of uber and lyft cars allowed in the city at any one time. ashley: yeah, it's for the next year while the commission can study the impact of all of this of share riding, basically the reason being the city needs to ease congestion, of course, the yellow cab is delighted, less competition, passengers, you and i could very well mean longer lines, longer waits and more expensive rides from uber there are 80,000 rides that provide 80,000 uber drivers in the city and they provided 17 million rides last month.
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so that's a lot. stuart: okay. do we have the -- i believe samsung is just bruising brand-new phone. i'm sorry. yeah, this is the introduction breaking right now, it's happening right now. this is a video presentation to kick things off. we will bring you more on that very shortly, susan li is there, it's happening right now, are we going to hold this video because i don't know what's going on? [laughter] stuart: okay, we are getting the first look, that's it. how about that? doesn't that look wonderful? don't know much more about it. the crowd there liked it. here we go. big crowd. ashley: did they all get a free one. stuart: looks big one. ashley: big stage. >> thank you. >> to tell you about the world's most advanced smartphone. stuart: we will get to it in a morning when we find out more
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details of the brand-new samsung phone which has extravagant and enormous launch going on right now. we will get back to that. i want to talk about special election in ohio, it's even closer than first reported, the races between troy balderson and democrat danny o'connor 588 ub counted votes found in a suburb of columbus, ohio, i believe they have been found and counted and that's why the gap has narrowed. i think that's the way it's working, either way it's a very close race. kayleigh menany, it should never have been this close, that's trump's country he won hands down and in special election it's neck and neck before trump's guy, the republican and a democrat. what's going on? >> a win is a win and we at rnc is declaring a win, we don't think the vote totals will change, the columbus dispatch paper that endorsed danny o'connor has even said it's
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nearly impossible for the democrat to come back, he would need 79% of uncounted ballots which won't happen, you pointed out how close it is, it's a special election, summer time, we know the races will be close, stuart, but the key is that the republican party has the resources and the quarter of million -- quarter million dollar data operation to pull out close victories. stuart: if that pattern were repeated in november safe seats for the republicans became a very close race, you lose the house in november. >> i don't think so because we are equipped for this, stuart, we have spent a decade plus preparing for this moment, a moment when we have a president in the white house where historically going to lose seats which is what history says. stuart: was your preparation. i know historically you expect to lotion -- to lose seats.
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>> we have consumer data that we've aggregated, we know what doors to knock on and we know the issues that matter and we are able to share the good news of trump economy, foreign affairs, whatever we will persuade the household, it is so detailed, so intricate. republicans have the resources in close races. stuart: and you have the president, but is the president a huge asset, it is a referendum on president trump in november. >> no doubt about it. i calculated 90% of the race where is the president has come in endorsed the candidate prevails and someone would say, a lot of primaries, well, when you look at special elections 8 of the 9 seats we won, that's a pretty good record and pretty good record for the president's endorsement. stuart: you're sticking to it a win is a win even if it's a couple hundred votes. >> a win is a win.
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stuart: moral victories don't count, you're on tape saying that, thanks for joining us as always. >> thank you, stuart. stuart: a couple of markets to look at, price of gold is unchanged this morning at 1221, bitcoin, a bitcoin price this morning at 6,000 and $500, not much, down a bit. up a couple of hundred points. the price of oil $67, sorry, dropping some more, $66 per barrel as of now and the average price for regular gas around the country holding right there unchanged for a couple of weeks 2.86. check this out, please, a former formula one driver created what's called the tnc motor bike, 300 roll race engine on that thing. the largest wheels ever made for a motorcycle. that's got to be a huge.
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pablo escobar a 5-star hotel in coast of méxico, abandoned when pablo died. liz: lifestyle of the rich and famous. stuart: good one. a harlem globe trotter makes scoop, scores basket from airplane, extraordinary footage, two-person plane traveling 70 miles an hour as aircraft crosses over hoop, drops the ball and makes the shot. [laughter] stuart: i would love to show you the center of the country, there it is, st. louis.
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comcast business outmaneuver. we're all under one roof now. congratulations. thank you. 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: susan li in brooklyn at the samsung event, the new phone just out and the news of ford knight, popular game. >> yeah, that's right. we are here in unpacking of new galaxy note 9 and on stage was the epic games ceo announcing that they have exclusive android partnership with this new
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samsung offer, galaxy note 9 and that will start pretty soon, 125 million gamers and this is one exciting announcement at the samsung, longer battery life in case you need to upgrade and cameras as well and monitor throughout day, samsung the largest smartphone seller, compare that to apple of 200 million smartphones, back to you. stuart: 300 million phones in a year, thank you, susan, that's a big number, thank you very much, indeed. a story that's not getting a lot of media coverage elsewhere but we are all over it. latest today, more than a million venezuelan refugees have fled to colombia, looking for food and medicine, we will head to colombia next for live report on what is happening right there. and check the big board, the market right now has been going
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nowhere, 15, 14 points. i think it's time we took a look at honolulu, no, we don't, we haven't gotten that. we will be back in a moment. copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. anoro is not for asthma. it contains a type of medicine
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stuart: this is a go nowhere market, we are all up but 1 point. ok, look at tribune, ended merger agreement with rival tv station known as sinclair, suing sinclair, hey, you guys, you didn't do enough to get approval from regulators. tribune up, sinclair down. tesla, elon musk as you know by now tweeted that he wants to take the company private, the sec is investigating those tweets, joining us david winston, tesla analyst with morning star, david, i'm looking at the screen here and i'm seeing tesla stock down another $13 today at 356 as of right now. i put it to you, the market doesn't believe that musk can get the money. >> well, basically there's a lot of uncertainty right now because before all of the tweets on tuesday afternoon the stock was at 341, still a bit higher but
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you're right it's been coming down a lot since yesterday and kind of feeds one thing that doesn't make sense to me about this why go public with the disclosure, saying you're considering going private, wait till you're ready to say we are intending to go private at 420 contingent on shareholder vote, if you add deal in place i don't think you'd see the stock sinking like this. stuart: are you comfortable with a man who tweets like elon musk in charge of a pane like tesla? >> i'm a bit tired of it, frankly, but i'm also bit used to it. he's never done anything that you could say is definitely illegal, it's very nontraditional, of course, in the finance world and gets old, frankly. stuart: do you have any idea who would lend this guy, who would put, i think the total $58 billion, who would put $58 billion into a company which is losing money and which pays
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no dividend, who would do that? >> look at the market cap since going public too, investors believed in the long-term story and believe in elon musk frankly and that story has to continue for all of this to work otherwise you're right who on earth would give them money to go private, it would make no sense. i think he could get the money and then he lied on twitter tuesday afternoon which i hope it's not the case, i do believe him to be clear, but i think honestly -- stuart: i'm out of time, but i'm going to put you in the skeptical column, is that legit? >> i take him at his word that he has funding and votes, there's a lot of logistical issues of how you do this and getting around credit investor rules because it's not a traditional buyout, the shares don't necessarily go away if you don't sell at 420. stuart: got it, i wouldn't the buy the stock at this price, period. thank you for being with us, sir, appreciate it.
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>> thank you. stuart: venezuela, switch of budgets, colombian government says more than a million venezuelan refugees have fled into colombia, they want food and medicine, rich edison is right there, actually in bogotá, colombia, give me the latest on this, rich. >> stuart, we traveled with the united nations ambassador nikki haley to colombia, the area on the border with tens of thousands of venezuelans flood into colombia, some stay and some move to other countries and other come to colombia to get food and medicine and then they return to venezuela. we spoke to one woman at a kitchen there, she had moved three months ago to colombia, she said all she wants to do is work. >> like i told you, there is a big crisis. we have shortage of food and medicine, children are dying because of the shortage of medicine. the senior citizens are dying because of the shortage of medicine, we can't find food, everything is overpriced and
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that is why the majority of venezuelans are fleeing the situation. >> they're also fleeing a government, crack-down in venezuela, nikkei hailey said it should be time for the government, that of president nicolás maduro to step aside in the country even after assassination attempt this past weekend he still controls that country, stuart. stuart: he does, rich, thanks for joining us, appreciate it, sir. mark stein with us right now, any idea what the end game might be in venezuela? >> i think it's total collapse. 1 million people just across the colombian border. comparable to the syrian civil war in which isis and various other groups and the russians and americans and all kind of people have been destabilizing syria and in this case, venezuela did it to itself, it took first-world country and in nothing flat reduced it to society in which they are eating dogs and cats to stay alive.
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you know, a couple of years ago they used to talk about hugo chávez, chavezismo, inspiration to mayor of london, inspirational to leaders in the east. hugo chávez had redeemed socialism after the collapse of the warsaw pack with union. stuart: you cannot redeem socialism? >> no, no. stuart: stay there, mark, we love you, we have more later on. look at the leadline in the wall street journal, here it is, trump's ultimate disruption already weak political parties are losing ground to ideologies and personalities, the man who wrote that is dan henninger, you're writing trump as great disruptor. >> that's for sure. let's talk with a baseline fact, the results in ohio 12, this was a district the republicans should have carried by a large number of votes, it was
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basically a dead heat, troy balderson winning by less than 1% okay, trump disrupted the republican party, he's made it the party of trump, but the fact is that there are a lot of right of center voters that feel smothered and squeezed by the overpowering presence of trump and have been looking for other ways out. one example was the koch brothers, the fight with them was canary like e monomusk tweets, it's too much for them. now they've pretty much dropped out. i call them fair-weather trumpers, they like policies but they don't particularly care for the melodramas. stuart: can i extrapolate from
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that they are tired not just disruption that president trump brings but the demeanor, a lot of people don't like that and won't vote. >> i don't know whether it's yes, it's a substantial number. he's got 35% to have electorate that's going to stay with him no matter what, but at the margins where you win these tight elections like the ones the republicans have to win in november i think, yes, that those people who are tired of the personality run the risk that they're the ones that are going to stay home and the democrats will take back the house. stuart: okay. look, i've got to run, i have to move on because i'm flat out of time, but i do have time for something completely different. [laughter] stuart: this may surprise you. beer story, i'm sorry, dan, i dropped you and i -- >> i concede to beer any day. [laughter]
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stuart: it's mid-summer, there's not a lot of news but there is news on the growing of beards by young man, proctor&gamble is not selling many razers. ashley: it's not lazy or disrespectful not to shave, men under 45 are taking a much more relaxed approach, they believe that, you know, having facial hair is popular, authentic and, yes, attractive. stuart: come on in mark stein. >> i actually shaved off. i got great tables in paris restaurants. [laughter] >> i got rid of most of it and it was going to moody 1980's rock star designer and the view that it's closer to a system on
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hello dolly. it's a whole thing the beard thing. ashley is right. deeply societies such as the united kingdom, i noticed the other day when you walk around london, beards, i was -- editor of the daily telegraph, never trust a man with a beard and this was all with men with beards. she wouldn't have beards in cabinet. i noticed the other day walking around london, half of the men look like extras in pirates of the caribbean. [laughter] >> the only question is whether -- i think it was queen of ancient egypt. ashley: yes. [laughter] >> and she use today wear a false beard to establish her
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authority. i would recommend that to theresa may. stuart: you will be guest hosting tucker tonight. are you going to bring the brand of humor to tucker tonight? stuart: i'm going to tune in. i like it. >> no, i think the last time we got hung up on goat yoga and i offered to bring the goat to sean hannity studio and he hasn't spoken to me since. we stay away from those stories. stuart: time is up? yes, it is, he's gone. thanks, mark, you're all right. [laughter] stuart: vice president pence he's still speaking about offering details of the new space force, we are waiting for big-time headlines on that. we haven't got there yet. how about this one? 600,000 foreign travelers legally entered america last year but they all overstayed their visa, just in one year, 600,000, i think that's a problem, i don't know what the fix is but we will ask green-card warrior author.
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[laughter] stuart: george washington.
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>> i'm nicole petallides with your fox business brief, how do you watch your movies, are you connecting with roku, check it out, the stock up 22% today,
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biggest one-day gain since november after quarterly numbers came out revenue beat raising forecast, streaming devices, we look at so many different products with roku and different prices and competitors would be google com cast, amazon fire, stick, just to name a few, apple tv, also in this group, this as the competition with these services really has intensified for roku, big picture, but the company did raise its forecast and as a result it's moving higher, in fact, it's approaching all-time high of 58.88, not there yet but gaining over 20% today.
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saving you up to 30%! so you can spend less time missing out... and more time paddling out! tripadvisor. visit tripadvisor.com or download the app! stuart: at samsung event in brooklyn i believe samsung has just announced a new smart watch, susan li you're there, what's this? >> yes, rebranding, it used to be galaxy s gear, rebranded to new galaxy smart watch, obviously trying to go head to head with apple's offerings, now we are here for the big unveil today which is a galaxy note 9, we haven't gotten pricing but expected to be at $900. it's going to be the largest storage available for any smartphone, 1tera byte and expandable memory. i wanted to explain but
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producers said stu needs to know what it is. you can control phone from distance, stu, pretty interesting, pretty cool, biggest game on the planet right now, we have android, it's android offering, exclusively on the new samsung offering back to you, you got it? stuart:i do. a bluetooth pen. show me how to use it tomorrow. >> might take a while. [laughter] stuart: department of homeland security says more than 600,000 foreign travelers who legally entered america last year overstayed their visa, nick adams is with us, author of that book, green card warrior, nick, it would seem to me to be almost impossible to stop people overstaying visas, how do you do it? >> it might be difficult but i think that the full force of the law, stuart, has to be brought against those people because the
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moment, the day that they overstay, is the day that they become illegal and the full force of the law should be brought to locate them, deport them and make sure that they're never able to come back. stuart: that's awfully hard to do, they come in on tourism visa, you don't know where they are, you can't keep track of everybody, you simply can't do that, so how do you full force of the legal authorities to go after, how do you do that? >> well, i don't know, but we certainly need to try something, stuart, because we can't just have people come and break the law, we want people in our country that are going to obey the law not disregard or disrespect them. stuart: now, president trump we hear is making proposal that would make it much harder for legal immigrants, green card people to get citizenship if they've ever used any form of welfare, in other words, you can have a green card but if you signed up for obamacare, you can't go onto citizenship, that seems harsh, doesn't it?
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>> yeah, look, stuart i would -- i agree with you, i think that the immigrant population much like the rest of the population needs to have some form of a safety net but i think the general idea here is that people that are going to come to the united states are got to come to make and not to take, they have to give, not just receive, and so i think it is important cha we choose people more carefully, those that are going to come in the country and that's going to alleviate a lot of the problems that we have. stuart: a lot of people will take on people that you and i, we have to be more careful on we select to come here, both of us have foreign accents both of us come from some place else, do you get flak, do you, sir? >> look, i'm really happy to be in the same camp as you, stuart, both of us don't have beards, both of us use gillette razers.
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stuart: great book, good guy, thank you, nick. >> look forward to it. stuart: sure, vice president pence did wrap up speech about the space force, next a man who walked on the moon harrison scmits, he did, check out sixth avenue.
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stuart: vice president pence gavous outline of the space force at speech this morning, so why don't we bring in retired nasa astronaut, a man who walked on the moon, harrison, harrison, welcome to the program, here is my question, the space force weponizeds space. you were in the exploration of space, do you approve of its weaponization? >> they're just two different issues, stuart. great to be with you again. you know, one is to -- they're related in a certain way but one is basically geopolitical, we
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have adversaries throughout the world, one in particular in the case of china that can do bad things in space and it is, i think, important and the president has agreed that it's important to have a more specific approach to dealing with defense-related issues as they come about in space. stuart: you're not in favor of the space force, hardball snon. >> well, to the degree that i know anything about it i would have to say i'm in favor, i'm certainly in favor, stuart, of us recognizing the space, always has been and has become increasingly an area of national security interest. we are talking about mirror space, when we are talking about exploration we are talking about the deep space, the moon and
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beyond, that has geopolitical context as well. stuart: yes, indeed, i'm sorry to be short on time but we do thank you for joining us, i would love to spend time talking about when you walked on the moon. at some point we will do that and that's a promise. >> all right. stuart: appreciate it. lea gabrielle is with us, she's a former navy fighter pilot. are we behind in the weaponization of space? >> we are, stuart, because countries like russia and china are looking for cheaper and easier ways to attack us, we see this with what they are doing with the internet, they are also doing in space, they are builting weapon that is can shoot down satellites, china is developing for gps's and russia is developing weapon that is can fly in space and not been seen by radar technology that can see
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missiles, space is being weponized, russia has been running all over us in space based on the fact that we haven't been able to send astronauts to space in the last several years. this is time to recognize war-fighting domains as space. stuart: do you think we are being whipped into a little not a frenzy but the russians are ahead of us, the chinese are ahead of us, it's like sputnik. we are going to have a program, we will spend government money, is it like that? >> i do not agree with that at all, stuart. i will quote vice president pence, history proves that peace comes through strength, that's so true. other countries are not like us, they are adversaries and attack us if they can, we can't be in a position where we are vulnerable, right now communications, military communications, our weapons, our gps-guided ammunitions depend on
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what we have in space, china and russia are threatening us by developing weapons to shoot down our capabilities in space and we are going to be caught empty handed if we are not prepared. stuart: prepared, okay. we've got you, thank you very much, indeed. appreciate it. more varney after this
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stuart: many announcements coming from the samsung event including they have got, samsung has an alexa competitor. >> going to be called ball lax sy home. we're -- galaxy home, we're told it will have eight microphones. you don't want to be picked up, it has eight microphones. to help understand what you're saying to it. that is a lot of listening devices. stuart: they have a smartwatch they're coming out with and this brand new phone looks big.
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liz: $900. stuart: that is happening in brooklyn. coming out with the new samsung phone. smartwatch, alexa competitor. my time's up. connell in for neil. connell: very interesting. susan li there. great show. by far the best segment is men with the beards. you should shave off your head, grow one of the long beards, ashley. >> would be a great look. stuart: it is your show, careful, connell. connell: welcome to "cavuto: coast to coast," i'm connell mcshane in for neil this week. there has been a big debate what type of wave we're in for midterms. many say close ohio race points to a blue wave where democrats take over. president trump points to a red wave where republicans add to the majorities. our question that

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