>> and i'm just waiting for a better game than the cleveland browns and the units. i went to sit down and watch it, and i'm like, i can't. [laughter] >> prospects did well though. >> i was going to say, i love football and what it does for kids. maria: we're out of time. thank you so much for joining us. have a great day, everybody, and a great weekend. "varney & company" begins now, stuart, over to you. stuart: this is a fast-moving story, we're watching the virtual collapse of the turkish currency, and the fallout is washing over our markets. now, why on earth does the turkish lira hurt us? let me back up and explain. president trump wants turkey to release an american pastor and let him leave the country. they refuse. we threatened economic sanctions. immediately, there's another run on turkey's currency. it's going on as we speak. it can't take the sanctions. and here's the problem, turkey has massive debt, debt that must be repaid in dollars to a lot of

banks. they can't get dollars with their plunging currency. they risk -- and here's the word -- default. in the last few hours, turkey's leader, erdogan, has urged his people to convert their gold into lira to help the country. that is desperation. and moments ago president trump tweeted this: i've just authorized a doubling of tariffs on steel and aluminum with respect to turkey as their currency, the lira, slides downward against our very strong dollar. aluminum will now be 20% and steel 50%. our relations with turkey are not good at this time. president trump applying the screws right there. now look at this, turkey's trouble is hurting us. the dow set to open down triple digits. it's foreign fallout and the currency down 8% about ten minutes ago, down 12% now. moving on. tesla. its board meets the bankers next week. they're going to talk money for

the proposed buyout that would take tesla private. reportedly, elon musk will not be involved in the money talks. the adults are handling the serious stuff. it's up just a buck in premarket trading. as usual, big show for you. anthem protests are back, and president trump has just weighed in on that as well. "varney & company" is about to begin. ♪ ♪ stuart: the nfl preseason has started, and the anthem protests have returned. president trump tweeted about this moments ago. here it is. the nfl players are at it again, taking a knee when they should be standing proudly for the national anthem. numerous players from different teams wanted to show their outrage at something that most of them are unable to define and make a fortuning doing what they

love. be happy, be cool. a football game that fans are paying so much money to watch is no place to protest. find another way to protest. stand proudly for our national anthem or be suspended without pay. all right, ash, let me back up. you tell me what happened last night. ashley: well, a variety of players from a variety of teams continued their protest. a couple of wide receivers for the miami dolphins knelt during the star-spangled banner, a couple of players from the eagles held their fists in the air. and michael bennett of the philadelphia eagles actually walked out of the tunnel as the anthem was being played and spent the anthem walking toward the bench. now, the nfl has already put out a statement saying that, look, the discussions over this continue. however, the league's national anthem policy is all players and team staff on the field are expected to stand for the flag and anthem. those who choose not to stand must remain in the locker rooms.

so, but while this is being discussed, they're not going to even talk about any potential punishment for those who ignore those rules. so in other words, we're in the same place we've been now for a long time the, since this thing began. stuart: it's not fixed. ashley: not at all. stuart: a disaster for everyone, in my opinion. ashley: if this gains ground again, what it does to the ratings. stuart: let's have a look at that one. stock futures are falling as we speak. now we're down 163, that's how the market's likely to open up in about -- what was that? what was that? okay. turkey's currency is now down 11%, and as it falls so does our market. quickly let's move on to the online discounter overstock. a chinese hedge fund is investing $270 million in their block chain start-up. that is t0. investors like that.

it's up 21%. all right, back to you are . the president weighed in this morning with added sanctions against turkey because they won't release an american pastor who's being held there. greg with horizon investments is with us this morning. what on earth's going on? why are we in such a tizzy about the fall of the turkish lira? >> i think this could have an infection risk, a contagion risk, stuart. 9 i think if this continues, there's going to be a really interesting story, and that is the fall of interest rates. treasuries have rallied dramatically overnight. the ten-year bond yield is now under 2.90. so how ironicking with this currency crisis comes a treasury rally, a dollar rally that in some respects is good for the markets. stuart: wait a minute. you've got the fall of a foreign currency, and it's hurting our market. it's a rather obscure foreign currency, to be honest with you. how does it work? >> the russian markets have been in disarray, big sanctions put

on them, and now you've got the lira collapsing. i just think that western europe is jittery about contagion, and when you have jitters like that, people go to the safe haven. the safest haven i can think of is treasuries. stuart: got it. stay right there, please, greg. i want to bring in market watcher jeff sica who's with us every friday morning. he's with us now. why does an obscure foreign currency which is sharply lower have such a negative effect on us? >> well, hearst the reason -- here's the reason why. first of all, you have a very weak european central bank, and what you have is you have european countries like spain who have loaned turkey tens of billions of dollars. you're talking about probably a couple hundred billion dollars of exposure to turkey. so when you start to see turkey default on these loans -- stuart: if -- >> if you start to see them

default on these loans, you will have a level of contagion in an already fragile banking system. stuart: and let me repeat, they've got to pay back these loans with dollars. >> with dollars, exactly. stuart: they can't pay with their own depreciating currency. they can't do that. >> exactly. and you have a president who won't lower rates. things are not looking good. ashley: the countries most exposed to the turkish situation are spain, italy and france. and we all know that the mental fragility right now of italian banks, this is very -- to jeff's point -- the contagion risk for european banks is huge. stuart: yes, it is, and that's why we're down so much today. ashley: yes, yes. stuart: i'm going to do a complete left turn. democratic socialist alexandra ocasio-cortez is linking medicare for all and funeral costs. here's what she had to say. >> so we're paying for this system. we, americans have the stucker shock of health care as it is,

and we're also not talking about why aren't we incorporating the cost of all the funeral expenses of those who die because they can't afford access to health care. that is part of the cost of our system. stuart: what? [laughter] incorporating funeral expenses, people who can't afford health care. you've got to come back in, greg vllier. i want your response. >> she's the gift that will keep on giving for the republicans. she can't figure out how to pay for anything, and she also comes from the wing of the party that's kind of anti-israel. i don't think that's where the party wants to be. her views on israel-palestine are quite controversial. so i do think she's going to increasingly be a liability for the party. stuart: but at the moment, she appears to be the darling of the left. >> yeah, at the moment in certain parts of the country, in cambridge and upper east side and maybe in berkeley. but i think around the rest of the country her prescriptions are not going to win a lot of

votes. stuart: i think it's the upper west side of manhattan. the upper east side is okay -- >> there you go. fair enough. fair enough. stuart: just my personal opinion. [laughter] hey, greg, you're all right. thanks so much for joining us. see you soon. let's get to tesla. stock of the week, in my opinion. the company's board may have elon musk recuse himself from future talks about money and taking the company private. it's rebounded, what, $2 in premarket trade today. right, jeff sica, now, you've never been a fan of tesla, you've never been a pan of elon musk -- fan of elon musk. >> i counted 20 clips on your show in that i was criticizing tesla, calling them a sham, a dumpster fire. [laughter] and you know what? what elon musk did, to me, is so, was so unexpected. what he's saying is he has something secured, a privatization of his company

secured, which will bring the valuation of his company to $70 billion. stuart, this company -- i know lemonade stands that make more than tesla makes, and he thinks he's going to get $70 billion? now, i don't know if what he did was illegal. i'm not qualified to say that. the regulators have to decide. but it certainly was unethical. stuart: got it. ashley: this just tells you what tesla's board thinks of elon musk, that they would think about forming an independent panel of directors to look at this and keep him out of the way. >> but that's how they do it. when michael dell took dell private, he had an independent special board look at the terms and conditions -- ashley: but dell budget doing what musk has been doing. stuart: okay. >> in what way? ashley: attacking people on twitter and being out there and possibly illegal. stuart: i'm out of time. >> privatization. stuart: i've got a commercial break coming up, and i've got to take it because we have to make some money here. we're not a lemonade stand.

[laughter] kanye west and jimmy kimmel, he won't bow down to the liberal critics. amazon, story of the day. it's getting into the medical field, reportedly trying to open its own health clinics for its employees. interesting. a top israeli official warns that war could soon break out in the mideast days after israel targeted hamas with airstrikes in gaza. we'll deal with this war talk next. ♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia.

so how ronicking with this

stuart: all right. what you're looking at now is a flight to safety. lots of money pouring into american treasuries as the money goes in, the price goes up, and the yield, 2.90%, goes down. that's the light flight to safety because of the run on turkey's currency. we'll explain it all, i promise you. look at futures. that's a flight away from stock because of the run on turkey's currency. we're going to be down about 140 points at the opening bell.

now to the mideast. by the way, we are juris learning that -- just learning that hamas and israel have reached a ceasefire. meanwhile, an israeli spokesperson says jewish communities could be evacuated. van hipp is with us with the american defense international organization. okay, we've got a ceasefire reportedly, but back up a little. how close to war are they in the mideast? >> i think they're getting bigtime close. we had a bigtime escalation of hostilities in this week, but the developments of the last few hours, stuart, are significant. last night the israelis sent word if one more rocket comes into israel from the gaza strip, we are going to launch a major military operation in gaza. guess what? not one rocket was fired last night. israeli defense forces announced this morning that the security restrictions that they were going to put in place for those gaza border communities, they've

withdrawn them following a situational assessment on the ground. so all is quiet right now. so this is a ceasefire. but it's not the the big cease fever that we're hope -- ceasefire that we're hoping for. that's being negotiated with egypt. stuart: good information and thanks for bringing us to us right at the last minute there. i want to switch gears for a second. our government is saying that north korea may have hacked us, america, after the june 12th meeting between president trump and kim jong un. is that accurate? >> surprise, surprise. i wouldn't doubt it. both the fbi and the department of homeland security are saying this. they've obviously detected some sort of bad software, i.e. malware. it could be a virus. don't forget, the north koreans are famous for these attacks. that's how they get cash to conduct their activities. i would say this, it's very interesting. this comes out today after we

with saw the big announcement on the space force yesterday. i really believe this is significant. don't forget the north koreans have a satellite in space today they used a rocket with that ballistic capability back in 2012 to get a satellite in space. satellites are so important for our everyday activities; financial transactions, national security, telecommunications. and the nasa cybersecurity chief said they're concerns about cyber attacks on satellites. i really believe, stuart, one day we will thank president trump for the creation of the space force just as today we thank ronald reagan for the creation of the strategic defense initiative. both brilliant and bold and visionary moves by two great presidents. stuart: well, that's very interesting, van. let me turn to the big picture for a second. seems to me that president trump's hard line actually works. it certainly brings results. look what's happening in turkey when we threaten sanctions and propose to impose more sanctions. look what's happening in russia with imposed sanctions there.

look what happens when israel takes a hard line with hamas in gaza. look what happens with north korea, we take a hard line, we get a response. the hard line seems to work. >> and look what's happening in iran right now. stuart: yes, exactly. >> peace through strength works. and we have found that, and we've seen it time and time again. and i really believe this president is using the ronald reagan playbook. stuart: okay, van. thanks so much for joining us. big day today, and i'm sure you have got a lot of worked to do. thanks very much. van hipp, everybody. [laughter] and here's another left turn. buffalo wild wings. they want to offer more than just food and beer, wants to add sports betting to the menu. just imagine this for a second. you're sitting at the bar, you're drinking a beer, you've ordered your wigs, you look at the game on tv, and you are betting on that guam. ashley: i'll take the slaw and ten points on miami. [laughter] stuart: that's a revolution.

florida's toxic algae getting worse by the day. next we have an environmental specialist from florida, i want to know if agricultural runoff from big sugar is behind it and what you can do about this. my father passed this truck down to me, that's the same thing i want to do with you. it's an emotional thing 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.

stuart: with the turkish lira

now in freefall, it's down 14%, that's why our market is sharply lower at the opening belled today. we will explain the connection between the lira, turkey, and our market, wall street, coming up. here's a developing story. the toxic algae, the green slime around florida beaches, bad for tourism, maybe a health problem too. come on in professor carl havens joining us from the university of florida. i've only got a brief time, professor, but listen to this: what do you make of this charge that the green slime is the result of agricultural runoff from big sugar? >> there's not any evidence that that's the case. there's nutrients across the whole landscape around the lakes and estuaries that are having these blooms, and it rained a hot this spring, and the nutrients ran off. and then we had sunny, warm summer, and that's the perfect recipe to grow plants or algae. stuart: can you do anything about it? can you get rid of this algae

quickly? >> getting rid of it quickly, no. the state and the federal government have programs going on to reduce the amount of nutrients coming into our waters, but it's going to take some time -- decades, maybe -- to get that done. there isn't a quick fix. stuart: no quick fix. well, how big a health hazard is it? >> i think the main hazard, the red tide we have in the ocean. people with respiratory problems can have issuesthey're walking along the beach. even you or i, we're going to have a runny nose, scratchy eyes are, and if you put your hand in the water with a slimy algae bloom, you might get a skin rash. if your dog drinks the water, he might get sick or die. stuart: what about the impact on tourism? we hear it's severe. is it? >> yeah. i think the economic impacts are the biggest, and we don't understand them clearly yet. we ought to document them. people come here for our clean beaches, and you can imagine someone coming from europe or

asia, and their vacation is ruined because of a red tide. they might not come back, and they might tell their friends not to come back. sure, it's going to be a lungerring effect. stuart: professor, you got a lot of information in there in 90 minutes, and that's pretty good in television, sir. you can come back any day you like. >> thank you. stuart: back to the markets today. we're going to be the down sharply on the dow, down 150 points. why? because the turkish lira is plunging. now it's down over 14.5%. no, i take that back, 15% i've just been told. that's a current i in free fall -- currency in free fall. how does turkey repay its debts which are in the tens of billions of dollars? it's got to repay in dollars. it can't buy those dollars with a vastly depreciated currency. what happens to the banks that hold those loans? that's the problem. you're going to be down 140 at the opening bell, which we will cover after this. alerts -- wouldn't you like one from the market

when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. i couldn't catch my breath. it was the last song of the night. it felt like my heart was skipping beats. they said i had afib. what's afib? i knew that meant i was at a greater risk of stroke. .. .. to help keep me protected from a stroke. once-daily xarelto®, a latest-generation blood thinner significantly lowers the risk of stroke in people with afib not caused by a heart valve problem. warfarin interferes with at least 6 of your body's natural blood-clotting factors. xarelto® is selective, targeting just one critical factor. for afib patients well managed on warfarin, there is limited information on how xarelto® compares in reducing the risk of stroke.

don't stop taking xarelto® without talking to your doctor, as this may increase your risk of stroke. while taking, you may bruise more easily, or take longer for bleeding to stop. xarelto® can cause serious, and in rare cases, fatal bleeding. it may increase your risk of bleeding if you take certain medicines. get help right away for unexpected bleeding or unusual bruising. do not take xarelto® if you have an artificial heart valve or abnormal bleeding. before starting, tell your doctor about all planned medical or dental procedures and any kidney or liver problems. learn all you can to help protect yourself from a stroke. talk to your doctor about xarelto®.

stuart: now this is going to be a big day, we are going to open this market, it's friday morning, we have 30 second to go, it's going to open sharply on the downside and you're asking why, we have strong economic growth, we've got lower interest rates, why is the dow going to be down so much, i have two words for you, turkey lara,

turkish currency. that's why there's a link between the lira over there and the dollar and the market over here. there you go, 9:30 we are up and we are running, we are down 100 points in first few seconds, down 116, i can see 20-odd dow stocks down, some of them are not yet opened, i can only see one dow stock up and it's merck, down 125, that agents let's see half percentage point. the s&p 500 broader based, how is that market doing, down same amount, about half percentage point. nasdaq with all of the tech stocks, are they affected? yes, they are, even worse they are down .7%, you have major drops across the board today.

i'm going to bring you up to speed with tesla because that has been the stock of the week, not necessarily today but the stock of the day, down some more, premarket it had been up on news that it'll meet the bankers excluding mr. musk, that will put the stock up a buck earlier, it's just opened down a buck. 351. big day. i need help, susan li, ashley webster and jeff sica are all here to help. start with lira, many viewers tuning in that want to know why on earth a sharp drop, free-fall and foreign currencily the lira the turkish lira should hurt us, sica, spell it out? >> what investors should care about is the europe central bank, europe, spain, france and italy have loaned turkey about $100 billion, not counting other countries in europe and the u.s., so if turkey begins to

default on the loans you will have domino affect in the europe banking system, europe has been a weak economy, razer's edge for years, this could set them off. president trump tweeted about turkey, he said he will make the sanctions on them more severe, there it is. i've authorized double of alum -- aluminum and steel, that really added to the pressure. what do we have now? lira down 15%. >> turkey has very low reserves to start with, they may be going to imf's to ask for handouts, i would like to look at historical contexts, they said ti boots was obscure, went global, people are looking at the numbers, they are saying, look, if we did analysis

with bank, exports dropped from europe to turkey by 20%, maybe see decline of .1% in overall in gdp and euro zone. hold on a second, ash, the latest is the turkish lira is down 16 points. ashley: it was down 30% at the beginning of the year. stuart: this is just today. ashley: indeed, you can use the word free-fall. so the interesting thing is all of the safe net pile to go u.s. treasuries, the cost of treasuries are going up, interest rates are coming down because of the flight to safety which -- >> one of the things that concern me is a lot of times the bank will hedge, they'll protect themselves against falling currency, in this case almost 50% of the banks have not sufficiently protected themselves against the falling lira thanked could be indicative

of something that's happening throughout europe, that's where the fear is and tariffs, we are in unchartered territory right now. these are tariffs that we haven't seen in a very, very long time and uncertainty might be too much to handle. stuart: of course, maybe the whole problem could be alleviated if the turks released that american pastor which is what this fight is all about. are they going to do it? >> they going to raise interest rates, that's the key? they want to keep interest rates low forever. stuart: to prime minister erdogan speaking in public, he said he was urging turks to cash in gold for turkish lira to help out the country. >> low reserves. stuart: desperation. >> can i point out small proportion to emerging market, less than 5%, tinny, little portion of the overall picture here.

stuart: we are at the low of the day just about 168 down on the dow, 25,344. okay, we are watching the lira, how far down it is, the latest count 16.6%, moving on the tesla, stock of the week, the company's board may have chief elon musk recuse himself from future talks about taking the company private, in other words, the grown-ups are taking over the serious business of money. that's not helping tesla again this morning, it's down below 350, down 270 at 349, sica, what do you have to say? >> elon musk made it clear that he had issue with the short-sellers, he was laying in bed at night thinking how to shet the short sellers, he chose the wrong method of revenge and now the board has got to look out for own well-being because they are responsible for a lot

of what he does and they have to make the right decision. stuart: i'm sorry, i was looking through wall street journal this morning and there's a story of tesla. >> but, you know, very different, i like to use michael dell model, six months ahead or announcing he wants to take the company private, independent committee on the board look at the offer, he had the financing secured and then when they all agreed to it they announced to market, very different from what tesla and musk is doing. stuart: that's right, i think there's basic lack of confidence that he can get the money together. i think that's what it's all about. who is going to lend you the money to a money-losing company. >> he loses money on every car he sells and he's telling investors he will get $70 billion, a pipe dream and i don't know why investors believed it in the first place. stuart: okay, so we are down on tesla this morning, dropped below 350, got it.

2.9% year over year inflation at the consumer level that is. that's the news of the morning, is that that bad? 2.9%? >> no, it's not, it's not reflecting the effect of tariffs on the consumer, we will begin to see tariffs increasing consumer prices, there's the cold water for you. stuart: always there. >> sooner or later it will show up. stuart: moving swiftly. dow industrials down 158 points pulling back a little from the low of the day but we are sharply lower. then there's this, some red stone trust restrictions sale options for cbs and viacom, you understand that, he doesn't want heirs have easy time selling controlling state. viacom up one cent, got it. this is a cultural question for me, i'm fascinating by this,

forgive me, everybody, the dow is plunging, the lira is falling out of bed and i will talk about buffalo wild wings, it says it is actively adding sports gambtology restaurants, wait a second, jeff, the way i see it, they move to buffalo wild wings, you sit at the bar, you look at the game up there and you've got smart phone and you gamble at the same time, that's a whole new meaning to casino. >> i'm proposing that they change the name from buffalo wild wings to amsterdam wild wings because anything goes with them now. what buffalo wild wings has to be aware of like there's liability with alcohol, there could be liability with gambling, people going in drinking, eating wings, gambling, losing money suing buffalo wild wings, that's a real concern. >> wow. stuart: is there anything that you will not throw cold water on in. >> first of all, i don't think it's a particularly good idea but i understand why they want to do it to keep people in

seats, they have to look -- [inaudible conversations] ashley: this is a statement. let me give you statement that buffalo wild wings put out, we believe that buffalo wild wings is uniquely position leverage sports games, jeff sica, we are exploring opportunities including potential partners as we evaluate the next steps for us. >> foot traffic has been falling for several years, shareholder activism pushing the company to sell off more of their restaurants and to get more profitable, this is a different strategy. stuart: i would buy the stock if i could but it's private so i can't. >> right. stuart: last words. >> i guess the wings aren't even that great. [laughter] >> there we go. >> more people by gambling. >> you want to talk about hooters, is that it?

stuart: now we are down 184 points. this is -- this is all about the free fall of the turkish lira and instability of european banks and spilling over here. latest news is that the turkish lira is down 16%. one quick story on amazon, plans to open health clinic for its employees on its premises, susan, that -- i think that's a good idea. >> does sound like a good idea, that's what they've been doing with the healthcare shake-up that they had with amazon teaming up with warren buffet, jamie dimon looking for a solution in the insurance space, this is the direction for companies, i talked about gm going direct now to these health circuits in order to lower costs and improve healthcare providing for their employees. stuart: guess what, we are flat out of time, so jeff sica cannot throw warm water on his favorite

company amazon. [laughter] >> brilliant idea by amazon. [laughter] >> they didn't invent the concept but, listen, jeff bezos will find a way to take credit for it. [laughter] stuart: thank you very much, indeed, jeff, another stelar performance. seriously, you are all right. check the big board, this is the low of the day, now we are down 190 points on the dow industrials, samsung launching all new top of the line phone, should apple be worried. we will have one on the set momentarily.

stuart: here is what's going on as the turkish lira falls so falls our stock market, there's a relationship between the two,

we will explain it throughout our 3-hour program. how about this one, you can win free mcdonalds more life, come on in nicole and tell me how i do it. nicole: yeah, mcgold car goación to stuart varney, not so easy, you can get the mcgold when you order food on app or you can apply for it through the e-mail and this will now get you two free meals every week over the next 50 years, probably bring in about 5200 big macs an you get cash over $35,000 and the taxes of 15 thui dollars to pay for it and so this is what everybody is going for because they want mcdonalds every week for the rest of their life, maybe stay away from the salad. stuart: i apply for a gold card and if i get -- do i have to pay for a gold card? nicole: no, you're not paying anything, you get the app and sign up, only one person is getting it. are you lucky?

stuart: two or three mcdonalds meals a week, okay, okay, got it. i have to move fast because all kinds of stuff is going on today including samsung unveiling galaxy note 9, top of the line model for the phone is $1,250. we've got one with us, i should say mark editor-in-chief he brought one with us, what do i get for 1250. >> okay, that's the top of the model model. you're getting the biggest battery ever, should last all day, very important for power users, that's who they are going after, faster speeds in samsung phone but most importantly it's about the intelligence on the inside, includes new camera and i have examples, a lot of people talk about artificial intelligence, what does that do for you? the camera recognizes what you're shooting, flowers, pets, whatever else and gives you the best possible settings, before and after examples, so see here

like the low-light performance. stuart: bottom one has more light and the inner of the phones enhances for you. >> less fuzzing on the side of the user. >> and the pen. >> the highlight feature is the pen, what you can do that with, if i go back to home screen i can use as remote control, there's bluetooth built in, if i press this. launches the camera, right, so if i could take selfies by using this as remote control if i could just say, cheese, takes the picture and double click to change orientation and i can aim out and take pictures this way. stuart: is this the bluetooth -- [laughter] >> i can go backwards and forwards using that. stuart: do you find the bluetooth pen susan attractive, is that a big-selling feature. >> no, not for me.

>> people who like the note line, they use it for taking notes, to your point, the big screen phone competition is about the get a lot bigger this fall. you brought with you the watch, this is the samsung watch. >> the apple watch. stuart: what do i get for that? >> what they are touting here one to have biggest reasons people don't buy smart watch another gadget that you have to charge at the end to have day what samsung is saying promising up to 4 days with battery life with this thing and track your fitness, right, so up to 20 activities and everything like you're breathing and that sort of thing. they are trying to go after fitbit and apple watch. >> can you take phone calls on it? >> yes, but samsung has a lot of catching up to do, 9% of the market and apple is closer to 40. >> 329 to start. stuart: how does it stack up

against the am iphone? >> people love big-screen phones, samsung is lead here, it's beautiful, but, however, apple's, they are going to have big-screen phones this fall, one of the rumors is iphone 10 plus which would have display, so it's about like who is going to deliver the best features for best price. >> echo sphere as well. >> people tend to stay in lanes and it's hard for people to switch from one to another. stuart: by the way, apple stock in hugely down market today is actually up 66 cents. [laughter] >> mark, you're all right, thank you so much for joining us. appreciate it. check the dow 30, we have the industrial archl is -- average is down 161 points but i do see 8 dow stocks that are up.

now this, elizabeth, she's republican running for congress in california, she says facebook pulled one of her campaign ads flagging the video she posted as shocking, disrespectful or sensational content. she will tell us her side of the story after this it's america's most popular street name. but allstate agents know that's where the similarity stops. if you're on park street in reno, nevada, the high winds of the washoe zephyr could damage your siding. and that's very different than living on park ave in sheboygan, wisconsin, where ice dams could cause water damage. but no matter what park you live on, one of 10,000 local allstate agents knows yours. now that you know the truth, are you in good hands? yes or no? do you want the same tools and seamless experience across web and tablet?

do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online.

this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. yeah, i got some financialbody guidance a while ago. how'd that go? he kept spelling my name with an 'i' but it's bryan with a 'y.' yeah, since birth. that drives me crazy. yes. it's on all your email. yes. they should know this? yeah. the guy was my brother-in-law. that's ridiculous. well, i happen to know some people. do they listen? what? they're amazing listeners. nice. guidance from professionals who take their time

to get to know you.

stuart: our market, our stock prices are riding in tandem as lira, that's what's happening this friday morning. let's go to california, a republican congressional candidate says facebook blocked her campaign video because it includes scenes from cambodian genocide which her parents survived. welcome to the program, very good to see you. >> very good to see you today. stuart: did you get the decision reversed? is your video back on facebook? >> my video is back on facebook, but when i got the e-mail telling me that it was going to be placed back on it said that we apologize for the confusion

of removing your ad. stuart: do you think they were confused or they didn't like the scenes from cambodia in your ad and the fact that you are a republican? >> i think it's really interesting, right, when i got into this race i got -- i wanted to go to run for congress, a big part of my message was that great things can come from great adversity, my parents lived through and survived the genocide in cambodia and came to the united states as refugees, for some reason facebook didn't like that, i find it highly interesting that it took not only 5 days, but a whole national movement for them to tell me that it was a -- it was -- i'm sorry for the confusion, had it been a liberal from, say, los angeles, i don't think it would have taken a national movement. stuart: i have seen your video and frankly i thought it was

inspirational, inspiration of what you can do in america, that's what was intended, elizabeth? >> exactly. my family came from nothing and really instilled in me that it was important to work hard to succeed in life and we have that ability here in the united states, they didn't have that growing up and when you look around the community in which i represent, it being one of the poorest congressional districts in the whole country, biggest challenges that we have with education, there's no water there. we need to do better, we can do better, that's why i'm running for congress. stuart: which part of california, where is your congressional district? >> so it's in the central valley, it fresno, madera. stuart: if you were to win that would be revolution because that part of california, most of california is solidly democrat. >> oh, we are going to win this and i'm really excited about the

opportunity. i got nearly 50% of the total vote for this recent primary, i'm working as hard as possible in midterm elections we come so close every time, the last midterm election we almost flipped it by a thousand 300 votes, the time before that was 3,000, so get ready, america. stuart: get ready, america, i'm not sure we are all ready for you but we are. [laughter] stuart: great stuff, elizabeth, thank you so much for being with us, we really appreciate it. thanks very much. >> thank you for having me, thank you. stuart: i have to have quick check at the market because this is a new low, now down 196, as i said earlier, the decline in market mirrors and rides in tandem with decline of turkish lira, odd relationship but we will explain it throughout the show. the nfl's preseason yet it's is up and running but the anthem protests are back was, in fact, they are still with us, i think the nfl has a problem here. my take on that coming up.

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 that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you have a heart condition, high blood pressure, glaucoma, . p . sion changes, or eye pain while taking anoro. ask your doctor about anoro. ♪ go your own way get your first prescription free

at anoro.com.

stuart: new season, same old story. the nfl has failed to fix its anthem problem. last night as the season got rolling, two players for the miami dolphins took the knee. one raised his fist. two players for the eagles raised their fist before their game with the steelers. michael bennet, he took a long time getting out of the tunnel as the anthem was being played. i call that a protest. the nfl says no players will be disciplined because talks with the players union are ongoing. the fans are not going to be happy. football loses. a handful of players are biting the hand that feeds them, pulling down everyone else. if this is part of the trump resistance movement i don't think it is working i don't think it is effective. contrast what the players are doing with that group of black clergy which met president trump

at the white house. they are working with, and not against the president and it is showing results. the house passed a bill on prison reform. isn't that one of the goals of anthem kneelers? here is another contrast, chicago. colin kaepernick's original protest was against police shootings of black people but in chicago this past weekend none of the shootings were attributed to police officers and a leader of the resistance movement is chicago's own rahm emanuel, the mayor of the city. here is my conclusion, fighting trump, resisting him isn't working very well for football or chicago. working with him like pastor darrell scott and his colleagues shows real progress. let's not forget, the trump growth plan cut the black unemployment rate to the lowest level ever. the second hour of "varney & company" is about to begin. ♪

stuart: this is the new low of the day. now we're down 225 points. let me explain this. overseas turkey's currency, the lira, is in freefall. it is down just today about 15% against the u.s. dollar. now turkey owes an enormous number of dollars to other countries. ashley: billions. stuart: $100 billion. mostly to spain, italy, banks there. ashley: yeah. stuart: how will they get those dollars to repay those loans when their own currency is falling through the floor? they're at risk of default. that's why it washing all over the world on the financial markets, the risk of default in turkey, the risk of default by some banks in europe. that's why we're down so much. one individual stock a big drag on the dow is intel. that is the biggest drag on the dow, a dow stock. got a downgrade from goldman sachs and down it goes.

down nearly 3%. how about tesla? they're at 349. the board will reportedly meet with bankers, talking about money without elon musk. that originally helped tesla's stock. now it is down more. the price of oil this morning, where is it? around $67 a barrel. i have got news there, china will not impose tariffs on america's oim exports to china. they will not hurt their own self-interest there. india will stop taking iranian oil, to for american oil instead. oil, $67 a barrel, down 2.28. want to get back to the nfl anthem protests. president trump tweeted about the controversy first thing this morning, here is what he said. in part here is what he said, a football game fans are paying so much money to watch and enjoy is not a place to protest. most of the money foes to the players anyway. find another way to protest.

stand proudly for your national anthem or be sub spended without pay. tammy bruce is with us now. there is contrast between what the players are doing and what the pastors are doing, different results. >> pastor van moody, at foxnews.com editorial, don't come against us because we want to find a solution here. this is i think what americans are looking at. what the president is also certained about. the football is huge business for this country. it employs tens of thousand of people, making minimal wage, living paycheck to paycheck, working hard, in addition to the superstars of the game, who transformed lives, also great role models but there is now a difference between a stunt and protesting and my background is in protesting. i think protesting is great, having the ability to make genuine change. these are young men, and women involved in the nfl, whether it is executives or on the field, who have the money and the

profile to change lives and to really get involved like what the pastors are doing with the president, to affect legislation. we know an example of america knows, we do have a justice system problem, not just prison reform but we need justice reform and all of us can come together on this and i would just refer back also to a stunt, when i say stunts like "black lives matter," interfering, invading wedding after police officer. stuart: i don't think our audience knows about that. explain. >> it was a police officer involved in the shooting of an african-american and black lives matter decided that they would take their protest right to him at his wedding. and this is of course accomplishes nothing. and at the same time we need to make a difference when it comes to what is going on the at local level with police but invading wedding of a man to make a point about politics, americans see this. we know that doesn't solve these problems and it actually wastes

time. we're not, not aware that these things are existing we've got to come together to find solutions. stuart: we could have come together around football. >> exactly. stuart: that is uniting force? >> exactly. stuart: players of all races on the field, fans of all races in the stands, watching this thing. >> instead of continuing divisions. this creates almost an artificial division we don't disagree on these issues. we don't. and this is where we've got to move forward. i think when it comes to the criticism for the nfl, it's a shame because americans will turn away because this is not where this should happen. in fact, we do agree and we want to find a solution. now it turned into something that becomes i think a negative for all of us and especially for businesses. so many people are impacted by think, it is a major negative. people are fit to be tied about this, i can tell you. tammy, thank you very much. see you soon. >> my pleasure. stuart: i want you to look at the president's latest tweet and

this is about turkey. here it is. i've just authorized a doubling of tariffs on steel and aluminum with respect to turkey as their currency, the turkish lira slides rapidly downward against our very strong dollar. aluminum will be 20%. steel 50%. our relations with turkey are not good at this time. market watcher david bahnsen is with us. the president is applying economic screws to turkey. it is working. turkey's currency is in freefall and it is hurting our markets. what do you say about that? >> that is sort of what happens, stuart, when you use economics as a weapon. weaponnization of economics has a lot of collateral damage that goes with it. ultimately turkey does not represent a systemic threat. very minimal bank exposure. virtually non-existent in the u.s. i think this is barely even if the top 10 of currency drops

the lira has had with relative to the dollar. it is strategy of the president. it will play itself out but not a big a big macro story. stuart: turkey finding it difficult to pay debts it owes to spain and italy in particular, because it has to pay them in dollars and it can't afford to buy the dollars? that is systemic risk to europe, isn't it, and that is why it is washing over here? >> one thing i was very big surprised, i read a significant report on european bank exposure, there is some. these debts never get paid, stuart. they constantly roll over. the ability to redenominate debts happen in currencies. that will be not in the big interest. this is not premier banks. not barclays and deutsche bank have this exposure.

bnp is a significant european bank but a lower tier bank. i suspect this story will end up going away after a few day, the voice of reason from david there, settling all of us there. well-done, david. the market is still down 228 points, however. i have what i think is a positive trade headline for you, david. china is not going to impose tariffs on oil they buy from america. i think that's positive, isn't it? >> it is a huge positive but it's even bigger positive for what i think it indicates. and the president of our country is holding the card now. we have the ability to narrow this trade deficit he so desperately wants narrowed with massive increase of exporting oil and natural gas to china. there is no lower hanging fruit than that. they need it. it isn't economic cosmetics. it would give a great political victory to the president. that's the way.

you will only lower the trade deficit one of three ways. the way i'm suggesting or by more tariffs which is more taxes, which is the worst way to do it. or from a recession. we obviously don't want that. if you export energy to china, you will absolutely create growth industry in the united states and you will narrow that trade deficit which the president has stated over and over he wants to happen. stuart: that's fascinating stuff. david, thank you very much for joining us, sir. we appreciate it always. thank you, david. >> thank you. stuart: here is what is coming up for you. we'll deal with the market down 200 on the dow. we'll deal with it but israel and hamas have agreed to a cease-fire after two days of rocket fire, but it is a short-term solution to a long-term problem. here is the question, is the middle east on the brink of war? walid phares advised president on foreign policy. he is coming up shortly. alexandria ocasio-cortez

democratic socialist from new york, she says medicare for all is cheaper because it reduces funeral costs. you had a lot to say about my editorial about service animals on planes. we'll go through some of your responses. you're watching a dynamic second hour of "varney & company." ♪

stuart: the turkish lira is now down 12% against the u.s. dollar. so it is off its lows and because of that the dow is off its lows a little bit, at least. the dow is now down 200 points. it was down 230 just a few moments ago. ashley: european market and italian banks are sold off. people are selling those italian

banks on the fact that they have exposure to turkey. stuart: a collapsing turkish lira is no way to pay for those dollars that you need to repay your loans. got it. ashley: exactly. stuart: the online discounter, overstock, and a chinese hedge fund invested $270 million into overstock's blockchain startup. called t zero. investors love that. overstock.com seven 10% up. campbell's soup is down 2 1/2%. jpmorgan is cutting its rating on campbell's soup, sell that thing because campbell's soup is not probably going to be sold. get rid of it. hamas reaching a cease-fire with israel ending two days of violence. a top israeli guy says war is brewing with hamas. and jewish communities nearby may be need to be evacuated. walid phares, former trump visor it with us.

assess the state of play for us in the middle east. are we that close to war. >> that has been happening, low intensity, high-intensity, it all depends on what hamas wants to do. this has not change the over the past 20 years, 15 years at least. there are s.e.e.r. nice, the cease-fires are respect ad day or a week or two and then these clashes followed by another cease-fire. while israel signed agreement with palestinian authority, with a lot of problems, hamas does not accept to be part of a peace process. it accepted to be part of cease-fires, but not a cease-fires. one of the reasons iran is backing hamas. iran is not interested in the resolution of the arab-israeli conflict. stuart: i would thought hamas would be under pressure if they're supported heavily by the iranians. the iranians may be pulling back a little bit. they don't have much money left.

>> not much money but enough to support hamas. you don't need large amounts of money but enough for them to be active. hamas needs to keep that hot spot very hot. they could settle in syria, settle in iraq and yemen. hamas is a decoy for the iranians but we have tried in the past, the united states, israel, egypt, saudi arabia, they were just a project a few days ago, an initiative to have an incentive into gaza, maybe that would work. huge economic incentive. apparently iran is not allowing hamas to accept is fascinating stuff. they're all linked. we're following the turkish lira today in freefall and it is affecting our market over here. the lira is in freefall largely because president trump tweeted this morning he would up the sanctions on turkey, because they are not releasing that christian pastor who is, is in turkey, he is right there, they won't release him. won't let him get out. is there any chance that that

pastor will be released and settle the whole problem? >> as a matter of fact there is a chance now the issue has become so dramatic but the issue is not just about the sanctions. the economic management of turkey has been suffering for years in terms of, you were just discussing those incredible loans that turkey has versus huge construction projects, public projects, in addition to the fact that the central bank has been under restraint, not being able to deal with it. there are political, economic problems in turkey that led to this, obviously this last crisis between turkey and the united states over a pastor is now tricking everything else. i feel there is a chance, if washington and ankara will speak about it seriously without political emotions it could be resolved. stuart: what happens if turkey's economy just flat-out collapses? >> we don't want to answer that. this is, this is a terrible scenario. turkey is a very large country. it's a stable block between

unstable areas. remember that turkey has boarders with iran, with syria, with the caucuses and turkey is involved in a war. we don't know the government replaced after or through that crisis. it's a nightmare scenario. it is to the advantage of everybody including the economic system worldwise that turkey will stablize. stuart: let the pastor go, things may improve. walid, thanks for joining us sir, thank you. >> thank you. stuart: new york city cracking down on lyft and uber, putting a cap on the ride-sharing companies. good for taxi companies, yellow cab guys, but we'll talk with a executive from lyft in our next hour. ♪ lyft. how do you win at business?

stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com

it's a revolution in sleep. the new sleep number 360 smart bed, from $999... intelligently senses your movement and automatically adjusts on each side to keep you both comfortable. and snoring? how smart is that? smarter sleep. to help you lose your dad bod, train for that marathon, and wake up with the patience of a saint. and now, save up to $500 on select sleep number 360 smart beds. plus, no interest until january 2021. ends wednesday.

stuart: why are interest rates coming down so much because they are? we're at 2.89% on the 10-year treasury. i'll tell you why, it is flight to safety. all hell breaking loose because of lira and fly to the safety of american treasury. put money goes in. the price of the treasury goes up, the yield, 2.89% comes down. check the price of gold you think that would be up at times like this, but not much. $3 higher. 1223. there is always a story about amazon and there is one today. they might open own site health clinics for their employees. ashley: this is interesting. they will do this at their seattle headquarters. they will hire a small number of doctors to put in a basically a pilot clinic to see how it

works. what is interesting, they had this idea before but they were going to outsource it, outsourced the idea, had vendors pitch it, and said you know what? we'll do it for ourselves. hire our own doctors, provide health care for employees. at beginning of the year they announced a joint venture with jpmorgan chase and berkshire hathaway to improve quality and cost of health care this is one example. i think it is great. stuart: think about it. you're working at amazon. they don't want you to go out for lunch or doctor's appointment. what they do, give you subsidized food and a subsidized doctor. ashley: go down to the third floor to see the doctor. >> going direction is a trend. improving health care for employees. stuart: if you're a big enough company, bring in your own health care provider. >> great solution, don't you think? >> great plus for employees. ashley: big selling point. >> next one for you, susan. >> okay. stuart: the brits, i don't know why i'm coming to you. >> okay. stuart: wait for it, they're considering an amazon tax.

>> amazon tax. this follows of course the supreme court ruling here in the u.s. where amazon and online companies have to pay sales taxes or state taxes. well in the uk, phil hammond, treasury equivalent there, he says he is is strongly considering a so-called amazon tax. this is to help those on high street. high street is kind of where the retailers are. i don't know why i'm explaining to it you guys, but on high street. after the house of frazier, one. high streets brands which i have never shopped at but maybe you have? ashley: maybe my grandmother. stuart: oh. ashley: older. house of frazier. >> that is example how high street names have gone into receivership and bankruptcy because they're losing against the online retailers like amazon. stuart: tax them. how about this one? internet trolls, insult everybody and everything constantly. northbound times editorial says

you can't get rid of them. tough live with them. my next guest agrees. how about that? can't get rid of them. the anthem protests are back. players from the dolphins and the eagles kneeling holding up their fist last night. the president says stand or be suspended without pay. yes, we're on that story. ♪ and i can do it with what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen.

it works 24/7. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, you're allergic to trulicity, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have symptoms of a serious allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases your low blood sugar risk. common side effects include nausea, diarrhea, vomiting, abdominal pain, and decreased appetite. these can lead to dehydration, which may worsen kidney problems. i choose once-weekly trulicity to activate my within. if you need help lowering your a1c, ask your doctor about once-weekly trulicity.

♪ . stuart: eight days a week. ashley: yes. stuart: we have a youngster with us, who doesn't have a clue what we're talking about. we'll get to that later, son. that was a great. i love the harmony on that one.

love it. come on. however, we do have a downside market. sorry about that, but we're down about 223 points. we're riding our market, riding in tandem with the turkish lira of all things. we'll explain the connection but there is a connection. big tech names, where are we now? mixed bag there. only apple of the big techs is up in thisdown market. apple up 33 cents. there is this. sumner redstone trust restricts sale options for cbs and viacom. basically he doesn't want his heirs to have easy time to sell off the family's controlling stakes. viacom is up a tiny fraction. breaking news between talks between mexico and united states. he down think there will be a deal finished today but he does

believe they're fairly close to a department i call that a fairly positive trade headline. now here is a headline from the "new york times." the internet trolls have won, sorry, there is not much you can do. joining us now is ian myers, the youngster who can not name the four beatles. >> got three. ashley: that is pretty good. stuart: that is not very good at all. most famous people in the world a few years ago. okay, now the "times" says, you can't get rid of these trolls, this negative stuff comes at you over the social networks, you say impossible to get rid of that. you would agree with that, wouldn't you? >> we have opened up pandora's box. you have given people enormous amount of places where they sit from their homes anything they want from one to millions and millions of people all around the world. there is no real great way to police that. stuart: facebook, is what, two billion monthly users i think it is? >> yeah. over two billion. stuart: you can't police that they could all be posting. >> they're spending some money.

bulking up the force of moderators, it is just not working. the questions we need to ask ourselves, do there need to be gatekeepers? in traditional media world, there are gatekeepers, people that control the spread of false information, what is true what is not. does that need to happen in the world. are the social media giants one to do it. i would argue they are not. stuart: you can't police a 2 billion member network. >> not only can't do it but bad for their business model. trolls bring a lot of engagement. they make people a lot of angry. they drive clicks. that is great for revenue for the social media companies. >> they really don't want to get rid of them? >> they really don't want to get rid of them. stuart: news picks, don't have trolls on newspicks. you assemble items from media contributors. >> you assemble that. >> your viewers, whatever you

call them, users can get at it. no trolls from you. >> the problems cause you let people talk to each other. if you go on twitter, issue comes up, breaking news, as soon as somebody leave as comment, people are drawn to the comment, the focus goes off the story, major issue and goes on the other users and gets farther and farther away where people should put their attention. on our platform, you can't reply to comments. you can't yell at each other. all you can do leave your reaction. leave your smart comment. what you're deeing in sound bites as news is breaking telling people how you should look at this, none of the users can call in, stuart, that is horrible idea, you're not saying the right thing unless you get the information out there in the right way. you're not interrupted by people telling that is bad, not doing this well or any other way. stuart: you've been on the program many times before. every time you appear you acquire a whole bunch of new users. tell everybody how i get newspicks app. >> find us in the app store, google play for android.

your users are incredible. they come on when i'm here and stay entire time. stuart: go to the google app store look for newspicks. >> newspicks exactly. stuart: commission? >> free service. stuart: when will you hit them with the price tag? >> we have now will always be free. la unch new stuff. talk about it fall. you have to pay for that. but the stuff you have now, totally free. stuart: the beatles who you could not name is sir paul mccartney. ashley: he got george harrison. >> gave him more time than he gave me. stuart: pathetic. great guy otherwise. thanks, ian. get out of here. no, stay there. check the big board. we've come back. we were down 230. now we're down 193. our market has come back in a little bit like the way the turkish lira has come back. it was down 16%. now it is down 14%. there you have it.

down 195. listen to what president trump said about the violence in chicago. roll that tape. >> we must strengthen community bonds with law enforcement, cities like chicago that have been absolute and total disaster. 63 incidents last weaken and 12 deaths. there is no reason in a million years that something like that should be happening in chicago. stuart: president going right after the mayor of chicago, rahm emanuel. let's bring in lawrence jones, campusreform.org editor-in-chief and a conservative commentator. your thoughts on the trump-rahm emanuel-chicago clash. >> i wouldn't even call it a clash, stuart. i think chicago has had this problem before trump. it is failure of leadership there and honestly i don't think the national guard and the federal government will be able to solve this issue. they have to deal with the poverty within the communities that lead to this violence. they have to deal with their terrible gun laws.

criminals have guns in chicago. there are massive amount of problems in chicago. if rahm emanuel was more concerned about his voters, his constituents, instead of protecting illegal immigrants and focusing on national policy, maybe he could solve the issue, stuart. stuart: but he is not going anywhere, is he? there was a demonstration last week to get him to step down. that is absolutely not going to happen, but as you say, i'm not sure what he can do about this violence in chicago. >> well he can improve the communities at large. he can make sure there is economic growth in -- work with the president on that. he can help by ending poverty. but as we know a lot of of the policies of democratic party represent in these major cities aren't working but they continue to stay with it. and so this is a symptom of a broken community. it is not going to be resolved with the federal government.

now, he can get the community to sit together with law enforcement and improve their relationship because there is a -- policy, there has been corruption in some parts of the chicago police department but that is not an indictment on all officers. there is a lot he can do from a community standpoint that doesn't require the federal government coming in, brother. stuart: we have these anthem protests continuing as you know. some miami dolphins players took the knee yesterday. another raised his fist during the anthem before the preseason game against the buccaneers. i think the nfl has a problem on its hands, and i don't think you will disagree with me, are you, lawrence? >> there is a problem from a standpoint, that the viewers are turning away because they don't like the kneeling. that is the business decision. but i think it would be intellectually dishonest, brother, to not admit there are issues with the criminal justice system. i just don't think the appropriate way to deal with that is kneeling. stuart: look, the players who

are taking the knee, they're going right up against trump. they're part of the resist trump movement. they're not working with him, they're working against him whereas, those christian pastors who went to the white house last week, black christian pastors, they came away with something. they have a bill in the house on prison reform. now it seems to me there is a direct conflict between working against the president and hurting your own sport and biting the hand that feeds you, and working with the president and achieving something? >> well, there is no doubt that it hurt their ratings, brother, but i would encourage these people, the president, and the players to get together and be grown men. let's settle this civilly. let's talk about solutions. you did note that those pastors did sit down with the president but as you know many of those pastors don't have the support of the community. this president has great success in the black community, whether you talk about unemployment rate, fighting against poverty,

food stamps being down but this is an opportunity for the president to sit down with these players. i would encourage a lot of these players like my friend benjamin watson who proposed meeting with the president to talk about common sense criminal justice issues. that is how you get the job done. that is how the president wins the culture war. stuart: well-said, brother lawrence. thank you for joining us. my brother. >> i appreciate it, brother. stuart: it works well, doesn't it? i will switch gears big time. susan as in susan li, she played a news quiz game called final exam on tucker carlson show. she faced off against geraldo rivera. let's see how she did. roll tape. >> more than 100 of what farm animal running loose through the city. we go to susan again. >> ducks. >> goats on the loose. residents in boise, idaho wake

up to shocking scene. >> a plucky showing by our canadian gal here, geraldo come through for the united states of america. stuart: explain yourself, canadian gal? >> this is a bit of a surprise. thanks, producers. so, yes, quiz show, i lost last night. but, you know, they made him sound like i was representing an entire country. i reputation for country north of the border. wow, there is no pressure there, right. ashley: ducks was a good answer. >> i meant goats. it came out as ducks. stuart: you're a good sport for doing it anyway. >> geraldo is very good. he knew all the answers. i was trying to get ahead of him with the buzzer. i may have been a bit trigger happy. stuart: you're our canadian. coming up, kanye westelling jimmy kimmel why he supports president trump. you will hear that. alexandria ocasio-cortez, socialist from new york, she is the darling of the left but her endorsements didn't work out too

well for democrats she backed in this week's primaries. how can republicans capitalize on that? i will ask that question. ♪

♪ ashley: national security expert van hipp told us last hour after

a tense week in gaza, the situation may be calming down. take a listen. >> we had a big-time escalation of hostilities this week but the developments of the last few hours, stuart, are significant. last night the israelis sent word, if one more rocket comes into israel from the gaza strip, we are going to launch a major military operation in gaza. guess what? not one rocket was fired last night. israeli defense forces announced this morning, that the security restrictions that they were going to put in place for those gaza border communities, they have withdrawn them following a situational assessment on the ground. so all is quiet right now. ♪

stuart: look at this. what you're looking at is turkey-related stocks. the dow industrials are down 218 points. that is pretty close to the low of the day. the reason here is, there is an association between the sharp decline, the near-collapse of turkey's currency and our performance on our stock market. the turkish lira is coming way, way down. ash, susan, let's get this straightened out here. ashley: yeah. stuart: our market is down because the turkish lira is plunging, which means that they are having a hard time paying back their debts to european

banks because they have got to pay in dollars. ashley: what kind of exposure are we talking about? 100 billion. italian banks, fragile at best, have big exposure do spanish and french banks. we're seeing follow-on effect, rush to safe haven, we're better than the u.s. treasury. money piling into there. teshries going up in price, as a result the interest rate is coming down. it is having impact around the world. susan: knock-on effect, people are saying put things in context. turkey very small percentage of the global emerging markets pocket. look at history, russian ruble precipitated a financial crisis. remember thai bot? no one knew what that was. stuart: turkish lira today has dropped 15% against the u.s. dollar. ashley: you know a full-blown

crisis when the turkish empty is asking citizens to turn in dollars, and gold for turk risch lira. that is not good. stuart: democrat socialist alexandria ocasio-cortez now talking about medicare for all and linking it into funeral costs. roll that tape. >> i am not the expert on geopolitics on this issue. we need to measure ourselves, not just by gdp, but how many people have homes in the united states. medicare for all is actually much more, is actually much cheaper than the current system we pay right now. why aren't we incorporating the cost of all the funeral expenses of those who die because they can't afford access to health care? stuart: why are we not incorporating the costs of funerals for people who die because they don't have adequate access to health care? interesting speculation. amy kremer is with us, women for trump cofounder. your response to what you just heard from alexandria

ocasio-cortez. >> well my response is, what? i have no idea what she is talking about. i don't think she has any idea what she is talking about. i haven't heard anyone that has a clue what she is talking about. stuart, the reality is medicare for all isn't going to work. we can't afford it. i want a pet unicorn too but i won't get it. she is delusional. they keep putting her out there. we're happy she is out there. "washington post" fact checked her this week, five pick -- pick nokia pinocchios. she has no clue what she is talking about. stuart: you're with women for trump. who is your target, nancy pelosi, she has been your target before or alexandria ocasio-cortez. >> nancy pelosi isn't too fond of cortez's politics either. what you're seeing happened. there is a clear divide in the

democratic party, if you look on twitter, when president obama endorsed a bunch of democrats last week, people were really upset because he didn't endorse cortez. people were saying why not? there is a clear divide in the democratic party and there is the bernie sanders wing and then there is the nancy pelosi-chuck schumer wing. so we're seeing this. i mean, it is going to take, it is not, she is not going -- socialism is not going to work. and i know that she represent as small part of new york but it may work in vermont, it may work in that part of new york but it is not going to work across the country and i don't see us turning into socialism anytime soon. so we're going to stay focused on nancy pelosi. but look at what nancy pelosi said. you know that we need to, people need to vote democrat so that illegal aliens are treated better. these poor mothers that have traipsed all this way with their children, i'm sorry having a hard time, we need to give them

better -- stuart, that is just ridiculous. what about the american people? i mean, let's put americans first. that is why this president was elected. america first. stuart: we got it. amy, thanks for joining us. we promise. thank you, amy. >> thank you. stuart: you all had a lot to say about my editorial yesterday about animals on planes. we do have some of your responses and we'll tell you what the response was, dramatic. ♪ ♪ you know how painful heartburn can be. for fast-acting, long-lasting relief, try doctor recommended gaviscon. it quickly neutralizes stomach acid and helps keep acid down for hours. relieve heartburn with fast- acting, long-lasting gaviscon.

and helps keep acid down for hours. ♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest.

retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. 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: i think a lot of people claim emotional support status for their pets simply to avoid paying for them to fly in the cargo hold. sure might be tough on animal but very tough on the flying public. like bereavement paid leave. sure it is nice for some people in some situations but it is wide open to abuse. well, that was my editorial yesterday, boy, did we get a lot of response of all kind by the way.

start with this response that came in from courtney. she says, varney, let this go. animals do not belong in the cargo hold. okay. paul says this, great story about pets on planes. i am severely allergic to dogs and cats. what about my comfort and health around someone's pet? got it. gunner, i think prow nunsization, he writes, dogs on planes, i don't want a dog watching me eat my meal and drooling. what is next, water bowls and dog snacks? i do want to make a point, i draw a distinction, ash and service, between service dogs like guide dogs for the blind, fine with me, and emotional support dogs. i'm not so keen on that. what say you. susan: i wasn't here with you. rewatching it, totally agree with you. at what point is it a shared space for everybody and all, right? why does one individual, i know, maybe ruins it for everybody else? stuart: i think so. ashley: really the tail wagging the dog, isn't it?

stuart: oh. ashley: when you start adding turkeys and peacocks and shetland ponies and god knows what else, pigs, it gets a little silly, let's be honest. to your point, a lot of people are allergic to animals. why should they be imposed. i think it's a scam to get around thing to take your pets on the planes. not always. stuart: 70 or 80% were in favor of what i had to say. maybe 10, 20% were opposed to it. fair and balanced. president trump, he want as space force. okay, coming up nasa administrator jim bridenstine. i want to know, is ready for this? we'll ask him in our third hour which is about to begin. ♪ there's a lot to love about medicare.

there's also a lot to know. part a that's your hospital coverage,

part b is all the doctor stuff... the most important thing to know? medicare doesn't pay for everything. and guess what that means... yep...you're on the hook for the rest. that's why it's important to consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. a plan like this helps pay for some of what medicare doesn't. so you could end up paying less out of your own pocket. that's nice. and these are the only medicare supplement plans endorsed by aarp. selected for meeting their high standards of quality and service. it feels good to have someone looking out for you. want to find out more? call unitedhealthcare insurance company now to request this free decision guide, with aarp medicare supplement plan options to fit your needs. and learn how this type of plan works together with a part d prescription drug plan. here's something else good to know. with a medicare supplement plan, you have freedom. freedom to go with any doctor or hospital that accepts medicare patients.

you're not restricted to a network. ever. and if you need to visit a specialist, you'll have a choice there, too. your coverage goes with you, too, 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 now to learn more and ask for your free decision guide. want to apply? go ahead, apply. anytime's a good time. remember, the #1 important thing, medicare doesn't pay for everything. a med supp plan could help pay some of what's left. and this is the only plan of its kind endorsed by aarp. that's the icing on the cake... i love cake. finding the right aarp medicare supplement plan for you could be just a quick call away. so...call.

stuart: headlines from nancy pelosi. voting for democrats gives illegal aliens more leverage. if democrats win in november and retake control of the house, she says, it gives leverage to every family, to every mom who courageously brought her child across the desert. ms. pelosi is positioning herself and her party as the open borders people. a democrat win is a win for illegals. she made her comments at a press conference in el paso, texas, right on the border. now, there's a sharp-edged political class that's lining up here. the president wants to cut the migrant flow with a wall. ms. pelosi and the democrats seem to be encouraging the flow, and hey, if we democrats win, we'll have the power to gut immigration enforcement. are democrats comfortable with ms. pelosi's leadership? the republicans made her a target in tuesday's special election in ohio. some pundits say pelosi was the

reason republicans squeezed out a win. the rerepublicans have countless ads ready to go for november, and every democrat candidate is going to be asked, do you support pelosi as leader before and after the election? do you? the lines are drawn. the democrats will go after trump, the republicans will go after pelosi. three months to go. do you want illegals to have leverage? the third hour of "varney & company" is about to begin. ♪ ♪ >> we will have leverage when we win in november. and why that's important, because it gives leverage to every family, to every mom who courageously brought her child across a desert to escape death, rape, gang violence and arrest. because it gives them hope because of the leverage it gives to families who may have -- dad

may have gone home for a family funeral and now can't come back into the country. all of those injustices have to be corrected. stuart: that's the quote, that's the illegals and leverage quote right there. you heard for yourself. ashley: so the equation here is if more democrats we get in congress, the more leverage illegal aliens will get. that's the bottom line are. in other words, encouraging people to come across the deserts from god knows where, coming to the country illegally. and then, guess what? we'll find a way. we get more democrats they will look after you. it gives leverage to every mom who courageously brought her child across the desert to escape, to escape death, rape, gang violence and the rest. it gives hope because of the leverage it gives to families who may have followed dad home from a family funeral and now can't come into the country. she said at the beginning of the speech, i'm not going to get political. and what does she do? stuart: i think she's out on a limb. >> and some view it as her

protecting violent criminals, like gang members of ms-1 and 3 and those -- ms-13 and those that commit horrible acts. stuart: i just don't see it as an election winner. i don't think that's the way the country feels. ashley: no, but she's been consistent on this, and it's very cynical. stuart: we want to be humanitarian. we're americans, for heaven sake, but we can't have a flow of illegals. that's the problem. let's get to your money and the markets. the dow has come back a bit. we're down 190, we had been down about 230. the problem for the market this morning is turkey's currency, if you can believe that. i want to bring in jonathan hoenig. jonathan, you know, a lot our viewers are saying what on earth is going on? why on earth do we care about the turkish lira? do you want to spell it out? >> well, simply because the market and the economy is a global economy, and the markets are an interconnected whole. and what we're seeing now is a continuation, stuart, of a very

weak trend in emerging markets. specifically in turkey, pull up tur, the exchange-traded fund that tracks the turkish market. this stock's been hitting new lows week after week after week. in my mind, this is the culmination of what we've been seeing, tremendous weakness. and that should be a fear to every american, every investor. because as we said, turks owe money to european banks, those european banks are indebted to american banks in many cases. i'm not being a cassandra here, but i remember back to the 1990s, stuart, when the asian contagion started in a lot of far-off places and ultimately ended up being a global selloff. we don't know if this is it, but i think for any investor this type of move in any economy should be cause for concern. stuart: good point, jonathan. i do remember back in the 1990s, and susan raised this point earlier. yeah, you can have currency contagion. a currency drops sharply, and the ripples go all the way

around the world and sometimes to the extreme. we may be at the beginning point of that now, although the market's come back, down 170. i want to talk to you about buffalo wild wings. you know this is coming. they are actively exploring adding sports betting to their restaurants. i characterize it like this: you're sitting there, you're watching the game, you're eating your wings, and you can gamble on the game as you sit there on your phone. i like the idea -- >> tremendous. yeah, it's tremendous. the only thing that has kept innovations like this -- listen, i love wings, and i love gambling, i'll admit it. why not put them together? it's only government, it's regulations, and i think a rather prudish attitude in this country, stuart, about things like gambling, like marijuana that has kept a lot of these businesses from being able to expand. this is a smart movie buffalo wild wings. in fact, we're seeing a lot of restaurants, like chipotle comes to mind as well, really have to struggle here. how are they going to differentiate themselves? this is a brilliant move.

it's only because of government deregulation, and we should see more of it, again, in areas like gambling, like recreational marijuana. that's where the bull markets are. where freedom grows, so does the economy and the chance to profit. stuart: i'm going to move on to tesla. their board may have elon musk recuse himself from future meetings about taking the company private. you know, the adults are going to talk about the money and leave mr. musk on the sidelines there. what do you think about that? >> he's a, i mean, he's not marshall applewhite. it's not heaven's gate, but this is a cult stock. what other way can you put it? there's no legitimate reason that this stock should trade at the level that that it does. he has constantly missed every financial projection, and this latest move, stuart, to take the company private announced via tweet, i think he's going to be facing major sec investigations. this is, as i said, a cult stock. i wouldn't be long or short this name. but, you know, for anyone who's just an innocent bistand ther

here, you've really never seen anything like this with such a brazen, bullish public ceo -- stuart: that is true. so kind of sum it up like this: you run the capitalist pig hedge fund, and the capitalist pig hedge fund, although it's very wealthy and got a ton of money, wouldn't put a dime into tesla. is that true? >> yeah, according to gordon gekko, you look at 100 deals a day, you choose 1, tesla isn't my number one idea especially with things like turkey blowing up in our face. stuart: yeah, really. jonathan, thank you very much, indeed. >> be well, stuart. stuart: now this, the ceo of sam adams brewing company, he says president trump's tax cuts are helping brewers, american brewers. ashley: bigtime. he says, look, before these tax cuts they were paying, american brewers were paying an effective tax rate of 38% or thereabouts, and then the big foreign companies were paying 20%. he said that was unfair. of by the way, there's a startling stat that says 85% of beer made in the united states

is owned by foreign companies. but he says now because the business climate was so poor, big american brewers were selling off to the inbevs of belgium and everyone, as with budweiser. he said now the tables have been turned. his tax rate went from 36% down to 28%, he said we are now winning the war with our european competitors. stuart: craft brewers win. >> isn't there a beer shortage in europe? they should be shipping over there. ing. ashley: well, yes. >> top story. stuart: well, look, after 18 years, i think it is. david ghea created a web site for military family and veterans. he used facebook to get the word out. now he claims facebook has labeled his videos political advertising all because of the word "military." he's on the show shortly. he will also be joined by the

chairman of lyft. i want to know is lyft prepared for this to happen in other cities, and what are you going to do to fight it. we will get some answers on that one. and we know president trump wants a space force. vice president pence laid out the plan. congress needs to pass it. next, the man in charge, nasa administrator jim bridenstine. we're going to go back to seattle for another weather forecast, just a check on conditions out west. ashley: looks pretty good. stuart: not bad, for seattle. ♪ ♪ this is not a bed. it's a revolution in sleep. the new sleep number 360 smart bed, from $999... intelligently senses your movement and automatically adjusts on each side to keep you both comfortable. and snoring? how smart is that? smarter sleep. to help you lose your dad bod,

train for that marathon, and wake up with the patience of a saint. and now, save up to $500 on select sleep number 360 smart beds. plus, no interest until january 2021. ends wednesday.

i kept putting it off... what was i thinking? ok, mr. jones... we're all done. i told you it was easy. with life line screening, getting screened for unknown health conditions is so quick, painless and affordable, you'll wonder why you hadn't done it before. so if you're over age 50, call now and schedule an appointment near you. for just $149- a savings of over 50%- you'll receive a package of five screenings that go beyond your doctor's annual check-up.

ultrasound technology looks inside your arteries for plaque that builds up as you age and increases your risk of stroke and heart disease. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke. so call today and start with a free health assessment to understand your best plan of action. so why didn't we do this earlier? life line screening. the power of prevention. call now to learn more. stuart: we're bringing you this, it's happening live. this is the border between gaza and israel. this is a big protest that's going on. there was supposed to have been a ceasefire between the two sides. it was announced a couple of hours ago. that doesn't look like much of a

ceasefire to me, but that's what's happening right now. we're going to keep an eye on that. that could escalate. now, listen to what president trump had to say about the space force. roll tape. >> immediately begin the process necessary to establish a space force as the sixth branch of the armed forces. that's a big statement. stuart: well, vice president pence laid out the plan yesterday, and we're joined now by the nasa administrator. that would be jim bridenstine. president trump wants to have -- he wants to launch the space force by 2020. of you'll be ready for that? >> well, i think the united states of america will be ready for it, and we need to be ready for it. i'm the nasa administrator, so i'm not responsible for national security or defense in space, but i can tell you this, nasa has worked very hard to blaze a trail that has resulted in hundreds of billions of dollars worth of economic activity in space every year. in fact, it's $350 billion

annually of economic activity. and g dvd. stuart: no, nasa, to me, was always about exploration of space -- >> that's exactly right. stuart: -- and scientific discovery in space. that is -- and i know you're the administrator of nasa. >> that's right. stuart: that's very, very different from a space force which is all about, i think, it's all about waging war in space and weaponizing space. there's a huge difference, isn't it? >> it absolutely is. so what we do is we do exploration, discovery, we do science. but i'll tell you this, we have hundreds of billions of dollars worth of assets in space, and we also have american astronauts in space. so it's important for us to recognize that space needs to be secure. it's also true when you think about the economy of the united states, the way we navigate, the way we communicate, a lot of your viewers are probably watching this on directv or dish network, maybe they're watching it online are, internet from space. the way we produce food in this country, we've increased crop yields, the way we do, the way

we discover energy, the way we do disaster relief, national security, this is important. and, stuart, your audience will be, needs to be aware of this. every banking transaction in the united states of america requires a timing signal from gps. in other words, if we lose gps, this is no milk in the grocery store within three days. we talk about the civil unrest when these kind of things occur. so it is true i'm the nasa administrator. it's also true i used to be a member of congress. and in congress i voted on a space force three separate times and, in fact, the third time it passed the full house of representatives with 344 votes. so this is a very serious policy proposal. the vice president laid it out very clearly yesterday, and i support it. stuart: jim, real fast, there's a lot of people who say do not weaponize space. keep weapons out of space. it's not the territory for war. your response is? >> well, if you look at what's happening around the world, there are countries that have

been known to shoot down satellites. and, of course, it's not just satellites getting shot down from earth, there's co-orbital -- in other words, satellites flying in formation with other satellites -- that could be destructive. but they're also advancing technologies like jamming, spoofing, hacking, using laser energy, dazzling satellites, if you will, using laser energy. so all of these capabilities are proliferating at a time when america is dependent on space. so we have to have the security for the american economy and, of course, for our very way of life. remember, the gps timing signal, it's not just for banking, it's also for the power grid. if we want to regulate the flows of electricity on the power grid, it requires that gps signal as well. so the enemies have dechaired space -- i say the enemies, our potential enemies -- have declared space the american achilles heel, and the president has done the right thing by trying to make sure it's not. stuart: jim, thank you very much

for appearing on the show. we needed that input, and we do appreciate it, sir. >> you bet. stuart: want to go back to the gaza/israel border. right-hand side of your screen, live shot, looks like things are heating up there. there was supposed to have been a ceasefire earlier today. it doesn't look like that ceasefire is in progress right there, because i see a lot of smoke, i see a lot of confusion, i see a big crowd. we're going to keep an eye on this one. that could escalate, and we are on it, i promise you. next case, a u.s. judge has ordered the seizure of citgo. now, that's refinery operation. they've got gas stations in america. the judge has said that people are owed money by venezuela can seize citgo to get their money. of. ashley: big development. citgo is basically the largest u.s. asset of venezuela. it's basically controlled by venezuela's state-controlled oil company. this was one case brought by a

canadian gold miner that's now defunct and was owed a bunch of money from venezuela over lost mining rights. the judge said, yeah, you can go after this. don't forget, there's a lot of our outstanding debt owed by venezuela, $150 billion around the world. this will spark something, for sure, because it's one of the few assets that these people are owed money can go after. it can be appealed, this decision by the judge, and so it may be wrapped up in the courts. but the chances of getting your money back is very, very difficult. as we know, venezuela is in complete collapse. this will also hurt venezuela's economy, it's one of the few arms of their government that was generating revenue. you cut that off, and the situation gets even worse. of. stuart: ash, good stuff. coming up, we're going to be joined by the microsoft excel world champion. there is such a person, and that's him. [laughter] he's 15. he also happens to be an award-winning pianist and mathematician. we love these kind of stories. he's with us on this show today. but first, check it out. hollywood reporter says several

fake donald trump stars popped up on the hollywood walk of fame yesterday. [laughter] they were reportedly put there in response to president trump's star getting vandalized last month and that resolution by west hollywood city council to have trump's star removed permanently. an unnamed conservative artist said to be behind the fake stars. good for him. [laughter] up next, kanye west doubles down for -- on his support for the president, you want to hear what he has to say. meanwhile, check out the place that has 300 days of 72 degrees and sunny. we're talking san diego. ♪ ♪ you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves all your worst symptoms, including nasal congestion,

which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist.

you can barely feel. streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that combines america's largest, most reliable 4g lte with the most wi-fi hotspots. and it can be included with your internet. which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today.

stuart: i do want you to know that we're on top of this situation that's developing on the border between gaza and israel. it was supposed to be a ceasefire a few hours ago. doesn't look like it's holding, and that's my surmise from looking at that video. i see a lot of smoke, i see big crowds. we're on top of it just in case this thing escalates further. next case, kanye west appeared on jimmy kimmel's late night show. listen to what he had to say about his support for president trump. roll it. >> just as a musician,

african-american guy out in hollywood, all these different things, you know, everyone around me tried to pick my candidate for me and then told me every time i said i liked trump that i couldn't say it out loud or my career would be over, i'd get kicked out the black community because we're supposed to have a monolithic thought. we can only be democrats. so i didn't have the confidence to take on the world and the possible backlash. and it took me a year and a half to have the confidence to stand up and put on the hat no matter what the consequences were. and what it represented to me is not about policies, because i'm not a politician like that, but it represents, it represented overcoming fear and doing what you felt no matter what anyone said in saying you can't bully me. liberals can't bully me, news can't bully me, the hip-hop community, they can't bully me. stuart: i'd not seen that

before. ashley: that's tremendous, isn't it? very well thought out -- stuart: well said. >> it speaks of the fear and the bullying and, you know, what it can do. it's going to ruin your music career, whatever career you want. that's the kind of bullying you get if you dare to say i support trump in the world that kanye west lives in. it's remarkable. and he's got a lot of guts to say that. >> he's a brave man. i think he's very brave. some call him a creative genius because he thinks differently, thinks outside the box. in some ways i felt like he was saying there was fear in his support of trump which is very rare for kanye, because the man is very bold, as you know. stuart: well, he's broken out now -- >> must absolutely kiln jim -- kill jimmy kimmel. [laughter] stuart: got something else for you coming up. lyft is with us, you know, the ride-hailing service. new york city put a cap on the number of uber and lyft cars in this city. i want to know are they going to fight it? how are they going to fight it?

meanwhile, check out the mile-high city in the middle of august. looks pretty good to me. ♪ ♪

♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. even a little bit, you know that many economists feel like we're on the brink of a complete financial meltdown.

now, the questions is "what's gonna be the catalyst?", that one piece of the puzzle that begins the next recession or even depression? our markets are currently experiencing the longest bull run in history, and no one believes it will go on forever, including me. it's no secret i love to play games, and i've made a pretty good living doing just that. but when it comes to my financial future that's something i don't want to play around with. it feels like our current economy is built on a house of cards. what will be the one event that causes the entire thing to come crashing down? our national debt is growing faster than ever before, we're well over 21 trillion dollars. our unfunded liabilities total more than $113 trillion. the stock market been going unchecked for so long that a major correction is long overdue there. so will it be the housing bubble? maybe a trade war? a fail in the banking system? and unexpected action by the federal reserve? a terrorist act?

or maybe it'll be the cyber hacking of our biggest institutions. you know the plan truth is no one knows which will be the one card that brings it all crashing down, and when that happens how will the markets react? will your money be safe? if you're interested in wealth insurance for your portfolio, and you don't know where to start, pick up the phone right now and call america's gold authority. - [male narrator] today u.s. money reserve is releasing official gold american eagle coins at cost for the incredible price of only $129 each. these government issued gold coins are official u.s. legal tender made from solid gold, mined here in america and fully backed by the united states government for their gold weight, purity, and content. do not delay, call now to purchase your gold american eagles for the amazing price of only $129 each. - so don't play games with your money, make the call today.

stuart: we were down 230, now we're down 171. the big problem for the market today is the decline of the turkish lira, believe it or not. it's washing through the world because there's worries that turkey could default. how about tesla? the company's board floating the idea of having chief elon musk recuse himself from future talks about taking the company private. get out of the way when you're talking money. it's not working very well with the stock. it's holding around $350 a share. let me talk economic growth, and i want to bring in lover's guy -- lapfer's guy, supply-side kind of guy. welcome back. president trump's predicting 5% growth in the july through september quarter. are we going to get there? >> i think we're going to come pretty close to that. we probably are going to get there. if we do it, it'll be the first time that we have consecutive 4, 5% growth in a very long time. it's something we always did when this economy was growing like normal, and this year we're

going to have the first growth over 3% since 2006. we're going to have a strong third quarter just like the second quarter. stuart: now, what happens if we get a continuation of the trade disputes with various countries, tariffs are imposed? does that slow us down? >> stuart, i will concede that's the one thing that could be a monkey wrench in this whole system. there's a lot of misanalysis of tariffs. the main thing that tariffs do is they raise the costs to american suppliers. they raise the costs to all the inputs that come into this country, and we have to raise wages to our domestic workers so they can pay for these higher things. if we do that, that will trim points off growth, so that's maybe not do that. stuart: that's wildly bullish. 5% growth in that quarter, that would be terrific the. very bullish. >> well, yeah, but the american economy halls always been bull -- has always been bullish. the only time we have these stagnations, great depressions is when government gets large.

now that government's getting small, we're going to see the bull again. stuart: you are art laffer's guy, aren't you? [laughter] >> you know it, stuart. stuart: brian, i'm sorry it's so short, it's one of those jam-packed news fridays, okay? >> thanks for coming. 5% growth, he says. got it. new york city votes to put a cap on the number of uber and lyft cars in the city. joining us now, i'm sorry if i mispronounce your name, sir, i'm sure we'll get it right before this interview is over. but, look, they put a cap on the cars in new york city. i think that leads to longer wait times and higher prices, so my question to you, sir, is are you going to fight this thing? >> well, stuart, thank you for having me, and we share the same concerns about the action that the city council took leading to the higher prices and longer wait times. our main concern right now is focusing on both our driver community and our passenger community, in particular the passengers who live in the outer

boroughs and communities of color where we've only recently begun to see gains in transportation access, and we're concerned about the action that the council took -- stuart: yeah. >> -- reducing and reversing those gains. stuart: i've got to tell you that when this news was released, a lot of people in the minority community were coming to me, working at fox coming to me saying, wait a minute, lots of times i couldn't get a ride in a yellow cab, but it was always lyft and uber that had no problem whatsoever. they picked me up. maybe that's your line of attack. >> that's exactly right, stuart. and i can say it as someone who was born in new york and lived the majority of my adult life in places like flat bush and bed stuy. that's one of the things that ride-sharing and lyft specifically has been able to address really quickly. and there were, there was outreach and an outpouring of concern from marley communities of -- particularly communities of color directed at the council. but it seemed that the council

moved forward without really hearing that outreach. stuart: new york city has opened a pandora's box, because other cities around the world -- prodded by local taxi companies -- would love to put the same restrictions on uber and lyft as they've got in new york city. that's got to be a big concern to you guys. >> stuart, not as much as you would think. the thing that's important to remember is that new york city is the most unique market in terms of ride-share regulations. everywhere else across the country ride share, which is based upon the idea of, you know, a person just like you or me being able to use their personal vehicle to drive on the platform on a part-time basis, everywhere else in the country 45 states have enacted laws that recognize ride sharing as a form of transportation that is distinct from taxis or distinct from black cars whereas in new york city we are regulated very similarly to a taxi or to a black car. so the advantages that ride sharing has been able to bring in states and cities all across

the country, we are very confident that those other markets will recognize the differences between new york and everywhere else and that the benefits in those communities will quickly dissipate if they try to follow the action that new york city just did. stuart: a lot of people who think that lyft is a wonderful idea and would love to invest in pit, so do you have plans to go public? >> um -- stuart: no. [laughter] >> we're definitely thinking about going public, but there's no timeline and nothing i can announce on this particular moment, stuart. stuart: i know. i knew you couldn't answer the question, but i have to ask it, you know what i mean? i'm a new yorker just like you. >> i get it. stuart: thank you so much for being with us, you come again. >> thanks for having me, stuart. stuart: sure thing. look at this headline. it's from "the wall street journal." facebook's problems with veterans, its algorithm treats our non-political site as political content. joining us now is the author of that op-ed, david gayle, he's

the ceo of the military web site, we are the mighty. he's a former mtv films executive vice president too. all right, david, facebook says your web site is political advertising because of the word "military." are you taking them on, or are you telling them you're totally wrong? >> well, we're trying to explain to them that the word "military" is not automatically a political term. in fact, that's a dangerous precedent to set because of all the institutions in the united states i think most americans feel that the military is nonpolitical, and that is something that we try -- stuart: well, you've got, wait a minute, you've got all kinds of groups have to live with facebook, and facebook is the ultimate censor. you are, you have to fight facebook, don't you? i don't know what you can do about this. >> well, there are other ways that that you can advertise your content, and facebook has been a great one for us because, in fact, if you play by their algorithm and you write content that that people enjoy and they share, then they reward you with

more audience. and so you also pay them to do so. if we are identified as a political entity, we actually have to be identified like other political action committees as if we're trying to have an agenda there. in fact, we're trying to not have an agenda. all we can do is explain it to facebook, to the american public, and hopefully they will designate military as a nonpolitical and not force us to be providing, you know, false information to the american public that we are, in fact, a political organization. stuart: and you're actively involved in negotiating with facebook as we speak? >> oh, not at all. in fact, it's very hard to get a direct communication with facebook. and i think this is an unintended consequence. this is not something that they intentionally tried to do in order to repress us or any other organization trying to talk about the military. it just happens to be that in this effort to suppress any kind

of, any kind of effort to game their system, they actually are taking specific terms and calling them political. that way you cannot have the articles posted with, without being identified as a political organization. that's all we can do is explain it to the american public, explain it to facebook, remind people that we have a nonpolitical organization, and the military community is nonpolitical. stuart: okay. you've explained it very well on this program. we appreciate that, mr. gale, and you can come again soon. thank you, david. >> thank you. stuart: we've got to get to the wildfires in california. they're still burning. jonathan hunt joins us from lake elsinore. i understand new evacuations are underway. tell me. >> reporter: yeah, something like 20,000 people now being evacuated in this area where the holy fire is burning, stuart. and up on the hillsides behind me, you were just taking a close-up look at those flames. the problem is they're starting to creep down the hills.

this is part of the cleveland national forest here. they're creeping down, stuart, and i'll let you take a closer look at it. as we have stood here over the last 30 minutes or so, those have moved a good 50 yards, i would say. the flames that are hidden in part by the trees there, they've moved a good 50 yards down, and they've only got a couple hundred yards more to move town before they e will get into in the residential treat that we're many. firefighters are up there, they're doing their best to protect property, but it is a race against time the here. right now the wind conditions pretty good, in favor of the firefighters. but we are told that the winds are going to pick up significantly this afternoon, stuart. and when you get that kind of down hope is for a fire combined with winds, it is the worst possible situation for these firefighters. they're doing their best to make sure that these properties are protected, but it's going to be a long, hard fight. this, by the way, was started according to authorities by a 51-year-old man, forrest clark.

he has a cabin in the woods, and he was actually seen berating firefighters, accusing them of stealing money from him. he was due in court yesterday, by the way, but refused to leave his cell. obviously, they will get him to court at some point, stuart. stuart: what a story. jonathan hunt right there in california. thank you, jonathan, see you soon. >> reporter: sure. stuart: pretty soon we're going to be talking to the microsoft excel world champion. get this, that young man is the champion, and he's 15 years old. do not miss that interview. and listen to this, heritage action announced they will spend at least $2.5 million to support just 12 republican candidates ahead of the midterms. we'll tell you which ones are getting the money after this. all right, now you're going to look at new york city. [laughter] ♪ ♪ fact is, there are over ninety-six hundred roads

named 'park' in the u.s. it's america's most popular street name. but no matter what park you live on, one of 10,000 local allstate agents knows yours. now that you know the truth, are you in good hands?

ancestrydna can open you to a world of new cultures to explore. with two times more detail than any other dna test... you can get a new taste of your heritage. only $59- our site's lowest price ever. ♪ ♪ >> i'm nicole petallides with your fox business brief. are you ready for it? is it too early for the pumpkin spice latte over at starbucks? well, business insider says the company looking at a launch date of august 28th for its debut. this would be relatively early considering we're used to it being announced in september sometime. people are spending about $3 a

day on coffee overall. the average american work, some of these drinks cost even more. the pumpkin spice economy, americans spent $360 million, that was up 80% over just a few years. how much will they spend now? here are some other things to look for on the fall menu, salted caramel mocha and one e-mail from starbucks says our pumpkins aren't ready yet, so will it be the 28th? ♪ ♪ i was just finishing a ride. i felt this awful pain in my chest. i had a pe blood clot in my lung. i was scared. i had a dvt blood clot. having one really puts you in danger of having another. my doctor and i chose xarelto®. xarelto®. to help keep me protected. xarelto® is a latest-generation blood thinner that's... proven to treat and reduce the risk of dvt or pe blood clots from happening again. in clinical studies, almost 98% of patients on

xarelto® did not experience another dvt or pe. xarelto® works differently. warfarin interferes with at least 6 of your body's natural blood-clotting factors. xarelto® is selective, targeting just one critical factor. don't stop taking xarelto® without talking to your doctor, as this may increase risk of blood clots. while taking, you may bruise more easily, or take longer for bleeding to stop. xarelto® can cause serious, and in rare cases, fatal bleeding. it may increase your risk of bleeding if you take certain medicines. get help right away for unexpected bleeding or unusual bruising. do not take xarelto® if you have an artificial heart valve or abnormal bleeding. before starting, tell your doctor about all planned medical or dental procedures and any kidney or liver problems. learn all you can... to help protect yourself from another dvt or pe. talk to your doctor about xarelto®. you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia.

stuart: oh, watch out, everybody. amazon's alexa will soon be available in more cars. ashley: yes, it's interesting. amazon has basically decided to open up its auto software for alexa to anyone. so all the car manufacturers -- which kind of makes sense because then they'll install it in the infotainment systems, and we're all using alexa. look, is it handy? sure, you could use it for navigation, calling, local services. but also -- and i know giovanni would love this as he's driving along in his 1978 chrysler van -- but you can say, alexa, turn down the thermostat at home to 68 degrees as you drive home. of course, media streaming and everything else. i think it's good for amazon. we're all using alexa, right? and it's great -- >> i think it's a page out of google's playbook. that's what they did with android, give it away for free. ashley: yes.

i think they've been listening to your conversation with your significant other in the passenger seat. is that what's going to happen? ashley: probably. [laughter] stuart: all right, everyone. i'm going to put 12 gop candidates on your screen. these 12 are getting a total of $2.5 million worth of support ahead of the midterms, and the money's coming to them from from heritage action. jessica anderson, the heritage action vice president, is with us now. we've got 12 people on the screen. why did you select those 12? are they considered vulnerable? >> yes. thanks for having me, stu. each of the candidates that you see today represents a unique opportunity for us to come in and support them as the liberal left is dumping a ton of money in their districts. so we selected them. they're vulnerable allies of ours, and we want to provide the support that they need to get over the finish line this november. stuart: they're coming from just about every state. i see there iowa, kentucky, michigan, missouri, etc., etc.

they're there all over the place. in what way are they particularly vulnerable? >> well, each of these candidates took the hard vote last december for the tax cuts and jobs act. so the campaign is actually thank them for their vote last december. and we really want to remind voters in each of these districts just how powerful and impactful the tax cuts bill has been. so we've taken a study that the heritage foundation has produced and published which shows that the average individual takes home an additional $1400 in the year. and for the family of four, it's $3000. and that's just in the number in the first year. we're weapon nicing that data, putting it in front of voters and telling them, andy barr, he's your tax cut champion, and this is at risk if the democrats take the house this fall. stuart: i've got to tell you, i think if you're a republican standing for re-election and you're from new jersey, new york, california, illinois,

you've got a hard time selling the tax cuts because many, many people in those high-tax states will end up paying more in tax because of the trump tax cut deal. >> so that's where we want to connect the tax cuts benefits that we saw both on the individual and business side with this larger economic good news story that's happening. we have the lowest economic rate that we've seen really in decades. individuals are leaving their jobs to pursue better opportunities because the labor force is so strong. you haven't seen these rates since 2001. so the tax cuts are part of this economic growth, they're part of this economic news story, and that's why we want to connect the dots back home for these voters in these 12 races so they can reward their member of congress and just really realize what's at stake if the democrats take the house this fall. stuart: impeachment is at stake if you lose the house, am i right? >> that's right. yes, impeachment, rolling back the tax cuts, not having a

chance to make it permanent, a laundry list of legislative priorities. stuart: okay. thanks so much for joining us, jessica. we appreciate it. let that money roll out there, see what happens. thanks very much. >> thank you. stuart: the u.s. took the top spot for the second year in a row in a microsoft excel championship. there's a whole bunch of winners. they can came from thailand, hong kong, taiwan and new zealand. well, kevin, he's a 15-year-old from florida, and he won the most competitive category. he can now claim the title of world excel champion. he's 15 years old, and he's on the show next. there you go. [laughter] he's on the show. ♪ ♪ i get it all the time. "have you lost weight?" of course i have- ever since i started renting from national.

because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go. at national, i can lose the wait...and keep it off. looking good, patrick. i know. (vo) go national. go like a pro. that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage.

everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call and ask about saving $500 on your walk-in bath, or visit kohlerwalkinbath.com for more info. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.

streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that combines america's largest, most reliable 4g lte with the most wi-fi hotspots. and it can be included with your internet. which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today.

stuart: special guest, he just won the f world excel champion. now, there were other winners in this competition. they came, as you can see, from thailand, hong kong, taiwan, new zealand. but kevin, the winner of the excel contest, he's with us now, and he was -- he comes from florida. is that right, kevin? you're from florida? >> yes. i'm from fort myers, florida. stuart: okay. now, i want you to explain an

excel competition. i would think of excel as spread sheets. how do you have competing spread sheets? is how does that work? >> well, you have -- they give you a packet of instructions and a bunch of data, and you use those to create a file using charts, graphs and etc. stuart: it's a mathematical thing that you did, right? >> not entirely mathematical, but there was some math involved. [laughter] stuart: okay. what is not mathematical, the data organizing part? >> yeah, and there's also charts that you have to make to visualize the data. stuart: okay. and i believe that you're also an accomplished pianist and mathematician, is that correct? >> yes. that's correct. stuart: so -- [laughter] that's correct. yes, sir. so what do you want to do when you leave high school? i think, what is it, you've got

another three years left of high school. are you going to finish high school or just go straight to harvard now? [laughter] >> i am going to finish high school -- [laughter] and hopefully after that i'll, i'll be able to go to a big tech school like maybe mit. stuart: sure. and what do you want to do after mit? where do you see yourself going as this excel genius? what's the long-term plan for you? >> i'm hoping to become a software engineer. stuart: okay. do you have any other interests? i mean, like sport, for example? any interest? >> i'm not really into sports. stuart: what do you do in your spare time? >> well, i read -- stuart: what do you read? what do you read? >> just random books and magazines we have around the house. we haven't really been to the library in a while. [laughter] stuart: is it technical stuff that you read? >> not really.

like, i mainly -- i've read, i have popular science and things like that. stuart: okay. what do your mom and dad think about this? >> they're super proud of me. stuart: sure. that's it? come on. you've got to spell it out here, lad are, you've got to fill it out. tell me how proud they really are. what did they do to show their bride in you? how did you show your gratitude to your parents for letting you do all this? >> well, my parents and dunbar high school -- which is where i to go -- they coordinated and threw a surprise party at the school for me. >> oh, that's nice. >> with a lot, with a bunch of representatives from around the county and my former teachers were there. and and they had some people do a speech, and i thanked everyone. stuart: excellent. one last question. what was the prize for being the

excel world champion? >> you got $7,000, a trophy that's metal and an xbox -- stuart: excellent, excellent. [laughter] you're a winner, young man, and that's great. we really enjoy success on the program and you, sir, are a success. come back anytime you like. love to see you again. thanks. more "varney" after this. ♪

. .

stuart: all right, ash, what did you think of the young 15-year-old gene just that one contest? >> he a genius. whatever he decides to do in life, very successful. very impressive young man. stuart: not interested in sports. math is where he is coming from. susan: my upbringing was similar. worked on a lot of xcel

spreadsheets. stuart: did you? , did you? susan: yes. really, no, no. but i tried. my mother would have wanted me to spend more time. stuart: thanks, everybody for a great week. connell mcshane in for neil again. connell: great show. welcome to "cavuto: coast to coast," i'm connell mcshane filling in for neil. we're talking turkeys a stuart and the gang have been. you never know when the next financial crisis would pop up. here we go what would be a quiet august friday. financial turmoil in turkey has been hitting markets across the globe. president trump promising new tariffs against turkey in a adding to market anxiety that was already there. euro lowest point against the dollar in more than a year and if you look at the turkish lira which we've been watching all