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tv   Varney Company  FOX Business  August 14, 2018 9:00am-12:00pm EDT

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finally -- >> i was just going to say this retail rally i think is on it with home depot and tapestry really big names coming out later in the week. >> there you go. now we go to stuart varney who is in touch with the pope and american people. stu. stuart: sarcasm -- good morning, everyone. turkey still in chaos, but it's not hurting our market. at least not on opening bell today. president called for boycott of american electronics products. he's gone after social media for its coverage of turkey's economic and political decline. he still wants turks to convert their gold into lira no retreat noing bag off and no release of the american pastor. no word on how he'll get the dollars turkey so desperately needs. but thissing morning, trouble over there. has not translated into trouble over here. the dow will open with a solid gain 78, 80, 90 points up.
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economy look very strong. latest indicator comes from the small business optimism index okay sounds obscure but it has just a 10th of a point that hit during ronald reagan first term get that. got to tell you about about tesla its board will form a special committee to it take the company private. but there's a lot of what i'm calling gossip surrounding musk and his tweets it has a strange environment for tesla investors premarket is dead flat at through 5.57 a suspected terror attack in london it also are just coming into us. "varney & company" is about to begin. ♪ all right let's get to what the police are calling terror attack in london. tell me what happened. >> it appears to be it happened at the height of the rush hour this morning about 7:30. you can see actually, i've seen
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the cctv of the whole event a guy in small toured fiesta drives through a bicycle lane and people on bicycles waiting at a traffic light he drives through him and hits three people and then drives towards the houses of parliament on houses of parliament on parliament square side you can see two police officers diving out of the way. you see rammed husband car into a -- security barrier question is who is this person? we don't have a name. we understand he's not being cooperative at all. there are reports of british media that he comes from the mid-lands. and he was not known to mi5 or any terrorism agencies but clearly, it goes back to what remember we have the attack on westminster bridge which killinged 6 pedestrians and police officers ultimately. question is who was the -- what was his intention but clearly has hall marks of a terror attack we'll see. >> got it ash, thank you. sphwhriewrt thanks for all you did for me yesterday. hard at work indeed. thank you suzanne too.
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[laughter] check your money where are we going? up is operative word tuesday morning not that much. but we'll be gaining some ground. heel depot remember that is a dow stock and when it is up 2% that mean it is giveses a nice boost to overall average. they have a rosy forecast that's why it is up so much. it's la as we said form a special committee to work on making thing company prieflt. me market up 70 cents, however, susan come in please what is this report in business insider that a rapper is saying crazy things about musk. >> that's a good way to put it banks friends with grimes who is elon musk's girlfriend claims to business insider that she spent the weekend at one of elon musk's properties freud to sunday hoping to make news with grimes but what she saw was elon musk apparently with funding
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secured now in a quote from the story -- banks says i saw him in kitchen cooking his kale in between his legs for investors so cover after that tweet and red in the face she added he's not that cute. in real life -- >> that's crazy stuff, isn't it to tweet that kind of stuff. thanks for the report and we credit to somebody else. but you have to deal with this stuff. i want to have more on a little bit more on tesla bring in market watcher mike murphy when you have that comment out there. you have to think about the environment in which investors are being placed if they want to put money into tesla. >> crazy stuff. absolutely, and take you back to april fools day april first where elon mufng said that company was filing for bankruptcy. and then ha-ha, april fools when you're talking about people's money there's nothing funny about that whatsoever. so the fact that he's out there
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on twitter and now company is being looked at for him being out there on twitter, more power to him. i hope it works out for him but i don't believe he has 70 plus billion dollars lined up for tesla to take the company prieflt roup. >> i want you to stay with us for open of the market but one more quick subject i see overnight bit coin dropped below 6,000 at the value and hedged back up 61 right now. all of the other cryptoss are down 4, 5, 6% you're laughing but tell me what's going on. >> i'm smiling so ping this was a bubble in history. you know bubbles people don't realize them in the middle of them typically you look out a year or two after bubble bursts and people realize it was, in fact, a bubble. i think this is a position no position, long or short in bit coin or any sort of cryptotype investments. i think it's too early and i think a lot of individual people people watching this program that caught up in the hype and now down a lot of money on their investment. >> i would have expected krup
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toe to go up but around world small are in serious trouble. you would expect that to be a flight to safety but it's not. >> really, though, stuart ting there's too much people don't understand. how much of bit coin and how much is out there. u.s. dollar has never done me wrong opinion i'll take it all day log. >> i'm that kind of guy. >> stay there. back at the opening bell. new "gallup poll" shows better view of socialism than capitalism you bundle all of the left together and 47% of them had a favorite view of capitalism 57% viewed socialism favorably. how on earth can that happen in america? joining us economist peter -- ashley here is -- deleted -- deleted. >> exactly. what kind of socialism are we talking about? don't these youngsters think in terms of they want to make america more like europe that's what it's all about, isn't it? >> that's absolutely what it is about. isn't socialism but about french
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democracy or lath opinion corpse and it is the party of youth with a lot of more young people in democrat party and a lot more latinos from latin america where they come from a corporatist tradition and so forth. so you know the notion that the government should provide them with free health care free this, free that, especially the young people after spending four or five or six years in american university taking gender study abouts, global study, anti-american studies, and listening to them about the glorious days of utopia are socialism with absolute amnesia romania and as if it never happened black spots on the maps and in their memories -- my son for example, who is making a very good living doing mernlingses and acquisitions at a big firm i mention this he said capitalism and he curled his lip. you know that's the problem here. if you want to find -- they're all unemployed no they're working at american universities. [laughter]
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>> well i've got one. of my own -- don't you ever. who doesn't -- that breaks my i have to move on before i get in real trouble. you're international trade kind of guy. i think that we are are -- president trump that is -- is operating from a real position of strength strong economy, strong dollar, and he's using the strength of our economy as leverage i think he's winning with it. what say you? >> i think he's winning in some place and getting frustrated in others. for example, the turkses are about to get a powerful lesson. you can flirt are russians only so far web and at some point uncle sam says if that's who you want to sleep with let's see how well you like it afterall they're talking about buying missiles from and go kidnapping american scially that's absurd and we haven't put screws to turks yet and leaned on their banks. all we've done is double some steel and aluminum tariffs.
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we got a lot of steel from turkey my feeling is that they don't really understand that they have to be in the western camp if they're going survive, and i'm afraid there trump is gradually taking them to school. you know the way you teach a teacher about -- you know self-abuse is going to cause you terrible consequences. you're letting them get hung over in the morning. right now, turkey is in its hangover. >> did you see that article by leading french intellectual saying kick turkey out of may toe because they don't conform to western values any longer? how about that one? >> i don't think that's a red hot idea. i think idea is to get them in line. turkey is too strategically located we kick them out then they're in the russian camp they might not like being there but no else place to go. i don't think we want to do that. also, you know say we're in a position of strength that may be. but bear this in mind, generously calculated one-fourth of the global economy in generous calculated we're one
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sixth. that's not enough to pick a fight with mexico, canada, the european union, turkey, with iran, russia, and china. we have a truce with south korea. i think that, i've told the white house this rather directly inside the building -- that they would best focus their attention on china and seek to cultivate allies support. and don't mean the way the french want to do it going for wto that's taking a burglary in manhattan to the u.n. it's absurd to go to the wto with anything that relates to china. stuart: i think they are taking your advice there peter so they're trying to gang up in -- all rise together -- >> the way to do that is not to put your finger in their eye. i think -- stuart: see how this works out that's slowing down by the way. china is slowing down. new evidence of that this morning. out of time peter hate to cut you off in prime lab but i'm doing. see you shortly. [laughter] all right check out the futures
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market. that's an indicator of how market opens this morning. at 9:30. we're going to be up about 50, 60, 70 points i'm going to update you a story we with brought you last week the xowbd in new mexico. five people accused of keeping kids in dreadful conditions. allegedly training them to become school shooters. well a judge just set them free on bail. new study finds that the blue light that cell phone emits could be damaging your eyes and lead to early blindness doc siegel has that one. peter struck fires from the fbi for those anti-trump techs now set up a gofundme page he's looking for 150,000 bucks to cover legal expenses and lost income. do you think hole get it? i think they'll get a lot more. more varney 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.
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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? 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.
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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. new details on that extremist compound in new mexico give me the latest, ash. >> well the five adult its in this case were let go on bail and here's what's happened.
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prosecutors claim this compound and very remote areas you can see from this video when they raided it, they found multiple firearms, little foods, starving children, and 11 children, and the body of a 12th child. the fbi says when they -- interviewed two of the children age 13 and one age 15 they told had they will adults were training them with firearms ultimately intending to attack either law enforcement, education or financial institutions. that was the case to the judge in new mexico who then went on to say you know what, the state alleges there was a big plan afoot. but the state hasn't shown to satisfaction by clear and convincing evidence there was a plan. so they got 20,000 dollar bond each parking lot adults. they have to wear gps devices and they're not allowed to leave that county in new mexico without permission. but nevertheless, the state not very happy with the way that turned out. stuart: they're out. now this, an investigation found sol google apps automatically saw location data even if you
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have shot that function off in other words, they know where you are. always -- joining us now steve hilton host of the revolution on fox news channel. if i'm not mistaken you don't have a smartphone. >> that's right haven't had one for six and a half years phone free. but you were right all along. like that in position on your freedom so diewpght to gloat for a while? >>i do and there's new reason to gloat all of the time as you were reporting this business about blue light making you blinked or whatever. but i have to say since i left my contact lenses behind in california when i ka ill to east coast this week i'm pretty blind this week and blending around in a haze but people may say nothing new there. for companies like google and all of them the thing we have to understand is that -- they really if you look at their business where they make money, they are data gathering companies. that is their business. and they haven't internal doctor
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using the sounding term optionality. what optionality means is they always go out to gather as much data as possible on everyone possible not everyoneing necessarily what they're going to use it for but to give themselves the option further down the line of something request that data gathering data so we shouldn't be surprised with any of this. smg it is big brotherrish that's the way it is. what do you make of fired fbi agent peter strzok a gofundme page and lost income and legal fees. he'll get much more than that, won't he? >> he's a poster child and hero to anti-trump brigade i think like a lot of people my reaction was about time too. but the thing i'm worried about is the -- sort of left there and way that the establishment think of this firing as a kind of sacrificial offering see we've dealt with
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the problem, in fact, my concern is that this problem goes much deeper than one rogue agent who behaved badly i think there's a institutional issue there about how the fbi and the justice department and others may haved in the runup and going to people like brennan and clapper throughout these establishment to seems to me really wanted to stop donald trump becoming president trump. and so not just peter strzok we must not leave it here. >> got if quickly on the the terror incident in london mayor of london he's tweeted this. a man has been arrested after a car was rids aren into barriers outside parliament police have confirmed that incident is being treated a terrorist act all londoners condemn all acts of terrorism on our city. that's the most important part there. that a strong enough response to you for you -- ?eef >> it's words they're fine and right words to say. i think real issue is whether authorities in the u.k. are acting sufficiently to follow-up on -- we do lone wolf the and this guy
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looks like incompetent this is a wolf in previous attacks that british authorities have thousands of jihadis in their own words that they're aware of but not track not following, not monitoring. and i think that's the real issue. >> but they can't, can they ?eef you doapght have the resources ever -- to track thousands and thousands of people 24/7. you can't do that. >> google can -- talking about it. to bring in -- >> good point to the conversation. yeah. neat ally circle around. very good. thanks very much for joining us steve it's us a a pleasure. see you soon. >> yes, sir. diswhriewrt where on market? futures were up 100 now we're up about about 30. we'll open the markets in 11 minutes time. modest gain expected. president trump says boycott of harley-davidson would be great
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coming up we have a biker who agrees with with that chris cox he's the president of bikers for trump he'll be on the show in our 11:00 hour. harley-davidson. we'll be back. this isn't just any moving day.
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big tech names where are they? now this is premarket remember all of them on upside looking at that microsoft, alphabet all them going up a little at the opening bell. move on to tariffs. in one county and hurting another in the sail state, missouri. right now, adam shapiro joins ugh from missouri where tariffs put on aluminum producer back in business. so this is the good side of tariffs tell us all about it chefs. >> 375 people back at work talk a look the at this. they're actually pouring aluminum 2,000 degrees what is you're seeing 375 people called bag to magnitude 7 aluminum factory now this was a different company when it went bankruptcy magnitude bought it out of bankruptcy but the tariffs have allowed they will to ramp up production in june. they started pouring aluminum there you see it and first shipments from are this plant went out just about two, three
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weeks ago. so they are back and running. they've got the first of three lines up and running. about 20% of production capacity. they hope to have all two lines running by end of the year. all three lines possibly by end of year which would mean up to 900 people back to work that's a 300 plus million dollar impact on economy here. they're going to tell you stuart that this is -- a big bonus of the tariffs and i'm going to stay on this shot don't choir about looking at me because it is cool to watch it being poured but what you're looking at jobs in action. back to you. >> good shot and good report by the way later in the program. adam will join ugh again from missouri. and a town where the trump tariffs are hurting we'll show you both sides of the fence. four and a half minutes to go and we open this market this tuesday morning and we're up but again only just back in a moment. the day after chemo shouldn't mean going back to
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the most common side effect is bone and muscle ache. ask your doctor about neulasta onpro. pay no more than $5 per dose with copay card. at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. >> bever we go any putt i do want to thank my colleague ashley webster and susan lee for the stellar work they put in yesterday. oh, not to mention producers, of course. >> not to mention. stuart: lolly gag arranged on
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cape cod not doing much and you were working like crazy and thank you very much indeed. >> our pleasure. stuart: that's how you kill 30 -- in other words decide air. five seconds to go on this tuesday morning. anne we're going open up and up i think but not very much. here we go we're up, running off we go. up 27, up 31. up 734 up 35 and a -- i hear 40, with okay modest, mod pest gain, and that would be a .17% gain. how about the s&p, brotder indicator what's that doing early this morning? yeah, we'll get to it. there you go it is up -- [laughter] better gain. a if nicer gain i have to say. that's a quarter of one percent how about nasdaq show me that please. whichever comes first. >> i'm not sure of the news there. but nonetheless -- [laughter] nasdaq yes it is up a third of one percent. therefore, i can conclude that
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the -- the what's -- going up. [laughter] technology company isn't doing well pep dow is up 61 points. >> it is a modest rally. can we see home depot please? not only did they make a good profit, they gave a rosy forecast and a earlier, i'm informed they're up about 2.5% but now they're up a mere 7 cents i don't know what went wrong. i'll find out and now it is down. now down a quarter of a percent. tesla board is going to form a special committee to work on taking company private. not much change. up a buck 45 at 356 got it. goldman sachs now this is where it get interesting. goldman sachs says if -- trade tensions ease, if growth remains strong, the s&p could go up by about 10.5% bit end of the year now there's a rally. >> if i grew wings i might fly. >> exactly. >> but you say mr. myrrh or if i? j >> a big if they're all
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introduce themselves ashley webster susan lee, of course, dr and that man right there. that mike murphy interjecting himself before it is produced. all right i like the look of this, 11, 10% gain by the ended of year so says goldman sachs i'm cheering on what say you? >> totally agreed but where were they months ago? this is something i've been saying on this program stuart if we get trade war pensions easing and a strong economy and strong corporate profits, we're going much higher. >> what do you say? >> i'm with mike on this one because -- we have a lot of other good things happening as well here in the economy. we're already starting to see reinvestment and starting to see good things on the industrial side not just the tech side. >> okay we're now up 97 points on dow industrials 25,287 that's where we are. i want to talk about turkey, i'm going to put on your screen a fund that invest in turkey it is
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a barometer -- of the turkish market and a finance, it is bouncing six percent so dr has turkey as a threat to us come and gone? inch well as a threat to the stock market for the the if near to intermediate term it has. but we have seen one in the global economy armor. the u.s. dollar gets stronger emerge markets gets hurt, and a little piece of this could keep coming back to haunt us if we keep having things happen with other emerging market economies. right now, i think we've stabilized in this story is going to fade away. >> we'll make sure it doesn't just fade away if we win if the pastor is relieved it turkey changes we'll cover up. look at this. winners for you. look at the stock price of the drug makeer california awarded
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289 million dollars because they didn't warner cancer risks posed by popular weed killer roundsup. back to you dr does that pave way for a lot more lawsuits? >> it does pave the way for more lawsuits. i don't think it paves way for more successful lawsuits stuart because -- the act i have ingredient in roundup as carcinogen is not recognized by epa and top two environmental organizations in europe. the one -- the one firm that is beating their drum about this -- has a lot of baggage and why they're claiming this. a jury might sympathize someone but when they have to look at the science, these things are going to get overturned. 56r7b8g9s ,000 similar lawsuits right now in u.s. courts. i would say very similar so what's happening with johnson & johnson 400 -- court battles over the poundser with a linkage to cancer as well. but yeah, i mean there's some reputational risk involved don't you think?
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>> i think market is looking for a number. if they all get all of these lawsuits together, and they -- a class action suit, they go to court. what the market wants to know is how much is monsanto buyer -- >> expee sure, and they pay it out. >> that's right. so stock bounces back and forth unless it is 100 billion stupid number like that. check that big board we come back down a little bit. we're up what -- 78 points as we speak. we have been up about 90 but a nice rally up a quarter point percentage points that for the dow in very early going. advance autopart that's up big time 6%. a rosy forecast. you do that and your stock generally goes up. coach handbag maker that's part of tapestry these days also gave a rosy forecast. and a strong demanding for kate spade bags we hear that stock so up nearly 8%. all right back to tesla. the board will form a special
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committee to work on paying the company private. all of these tweets dr all of the headlines -- are a lot to deal with if you're a share hold earl. aren't they? but look stock is still at 355. >> but if numbers 420 that's telling us something if musk if everyone believed that musk had 420 on the hook why we be closer to 420? there are still serious legal problems about funding secures to rear their ugly head here. >> i wouldn't touch it within a ten foot pole? >> i think this is something to come back to bite elon musk i don't think stock is being bought at 420 whining you put something out to the public when you're insider or company, you have regulators that you have to answer to. >> that story is not over. not over by a long shot. how about ho bitcoin overmight it dropped below 6,000 dollars it is recovered a 6, 00 right now all of the cryptos are way, way down. your clients ask you about
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investments? >> last when it was up over 20,000 it was hot for people to ask for it proves point that retail investors usually last one to know on a lot of these thepgs and get left holding bag vow are nobody is talking about bit coin it will find the bottom somewhere. but i think as far as -- a revolutionary qeaf it is going to change had everything that we do. it is not really out there. one thing if you're a built coin enthusiast there's sthig called hodl. hold on for dear life. so the people who own it -- say whatever happens this is going to be transformative in the niewch. hold on don't sell. on for dear life i think that's a terrible -- as newcomer do you mind if i ask susan do you own a bitcoin? >> when it hit 19,000 last year and a all of this craze about bitcoin and -- these cryptocurrencies i thought well it might be something. i know a lot of people have. but you didn't -- >> i didn't. but i'm looking at yeah
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different ways to play crypto you don't have to get into bit coin but there's block chain that is a future i guarantee you that. but does it have to be bit coin it could be xrp whatever had. >> disiew san lee block chain -- >> that is the future. that is the future. block chain, sorry to say that. [laughter] >> how about -- i think it is up this morning. our country or by the way, america has gone from being a huge import of oiler to a very modest export that's extraordinary transition isn't it? >> it is. we're talking about from 2006 to now. a difference of 320 million barrels per month that we're -- that were different in exportings and importing that's you think about it. that's 17 billion dollars per month that we are no long per exporting that we are so with with that helped our trade
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balance and it is really changing the big deal. it's changing the business cycle. we don't have to be worried about a big oil upset changing u.s. economy because it won't change the balance of payment. >> that's extraordinary story buried glad we got it. stuart: how about mcdonald's? i believe i'm right saying that they're spending $6 billion to modernize all of their restaurants i think that's right. by 2020 -- is that appeal to millennials. what do you say susan? >> strawfnght future that's the they're playing on and shipping they're delivering a lot of their food by über eats that has been successful for them and big mac crossed through 50th birthday but they need to get to a salad sickness doesn't help, obviously. >> on left-hand side of the screen that is modern -- mcdonald's. stock is doing great they brought in my friend jordan zimmerman earl man who runs advertising to handle their nation wide advertising, and the the approach was to attack the
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millennials to go after the millennials with more healthy food change around the stores and it is working in a big way. >> names with with such a global -- reach, it is amazing wherever you go in the world it is fascinating whenever there's a mcdonald's in middle of london it is packed. packedded never seen for mcdonald's. never seen anything like it. they're doing something is right. so big in incremental change makes huge deal at the bottom line it gets people ordering more on kiosk. stock price is going up. >> younger folkses are eating mcdonald's because they want to be healthier but more than half of millennials have never eat and a big mac. i cover restaurants so -- that's a statistic that stood out to me. mnch year ago mcdonald's opened a restaurant in my hometown of darby in england you know what my mother called it, donald macs. [laughter] [laughter] she really did -- it's that time 9:40 we have to close the bell. thanks so much. murphy you're all right. thanks very much. ten minutes in up 60 points,
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2,247 fbi has a warning for banks they say cybercriminals would be planning a massive world wide atm hack. getting cash regimes to spew out millions that story is coming up for you. florida's algae problem not going away. canals in the state are filled with that green slime so is seaboard too hurting tourism killing wildlife. jeff flock is down there for us to tell us how bad it really is. let's take a look at some numbers:
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space so while it is selling off its supplies during the day nights are able to integrate people into the space you can work on your computer and never run are out of toner you'll have a pen. there's tech support on staff there. copying, printing doing your work, shipping and these tech experts are there for you. you know why with they're doing it, stuart because all of these retailers have to compete against e-merse and amazon and the little less reliant on just their retail revenue so they're highlighting this one in california. we'll see if it comes to new york. j sounds like a good idea office delaware foe renting out office space i can understand that one. nicole thank you very much. this is news to me, but the fbi is warning about a worldwide atm hack. this is -- the fbi at all. excuse me it is a popular website called cybersecurity blog that is say fbi hasn't told you this but they put a notice
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out to banks last friday that they could be -- essentially a mass hack of bank and credit card payment outlets whereby they get in and do a match withdraw of cash from atm using stolen information. it has happened before, about in virginia or bank was targeted more than 2 million dollars was stoalgen. the fbi is not formerly acknowledged this but apparently it is according to to this cybersecurity banks were warned to have a mass attack. and cash just literally poof gone. >> i've seen the video it is just out. like a shower. easily done apparently which is -- okay. thank you look at the big tech names you have to check them all of the time because they're so important to this market and this economy. this morning, all of them are up again -- the exception is alphabet down a tiny fraction of 1%. mark douglas is with us. he's ceo of steele hog, and he's very much a tech kind of guy aren't you? >> i try to be. [laughter]
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if i say you're a tech guy you're a tech guy. nothing ever happens to five big tech name technologies they have all of their power despite power they've power what's going to son them? >> well why do they have all of that power consumers love it. right, let's talk about amazon actually. people wanted biggest but people talk about a little bit less and say government should break up amazon problem is antitrust laws don't apply. and consumer has to be harmed but every time amazon enters market it gets keep cheaper and they become more convenient so that's where power is coming from. >> you don't think it will stop is and 19,700 share right now if they get to 250 they are a trillion dollar company i know you're not a stock guy but -- doesn't it seem like there's nothing to stop them. >> everyone it afraid of amazon even google and facebook are afraid of amazon so we don't just have to talk about them
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google paid searching free. other free product you can get is teff and radio so consumers love . they want it and so what is the harm? they are collecting a lot of data but they're using only bring more convenience to the consumer. >> i'll tell you what i think might be the problem when they've aaccumulated so much money an they've got what a half two quarters of a trillion of cache and so much power -- they dominate market they dominate the economy. that brings forward a political response. because it is going to be politicians and people who don't like that accumulation of power and a say, got to stop this. >> or want to tap into it. [laughter] stuart: right to politics -- that's okay. >> that's what they've been doing okay so ping for basically it is a big accumulation of power. it is a massive accumulation of wealth. but these companies are bringing a massive amount of convenience to consumers and consumers simply don't care. you know you hear, you get some people who get riled up but for
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most part consumers as long as they feel there's some responsibility being taken as long as they're getting the value they want and they're getting it for free in most case, consumers -- they're going to be left alone, and even competition you know, there's still tons of startup not stopping comp tugs. how does it compete -- and that's a tough one. and when you start bought by amazon and google your line of business still has. what yo do you introduce people to social networks don't you? >> we essentially, we provide advertising platform that brands to consumers. >> and they don't care. we're partners with facebook, google, amazon and all of these companies company even with their power there's rom and you know our company is multihundred million dollar if revenuest there is room for us to compete for us to deliver value to our customers. and -- so i -- honestly think kiewdges of power
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is kind of shocking but it has been -- great for consumers and -- and quite frankly great for the stock market. >> great for you. great for you. right -- i try to make it great. [laughter] you're all right thanks for joining us. always appreciate it. check the dow 30 on upside day, we've got session highs actually 835 point up ring we're up 97 but look up 85 and the vast majority of the dow stocks are in the green they're up. now this -- new study that says -- i don't know whether i trust this news study or what but here's what it says. your cell phone you stare at it for hours on end could make you go blind now there's a dramatic statement doc siegel will break it down and deal with it.
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>> deadly bridge collapse in italy with extraordinary video to boot what happened? >> tragic news so we're talking about the morandi bridge in city of genoe sadly at least 22 people are confirmed dead eight more injured at this point. 20 cars were involved in this plunge. plunging 300 feet along the 260 yard section of the bridge that collapsed.
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but you know, this is a bridge that has recently upgraded in renovation. but, obviously, with tragic and fatal endings today. >> another of those questions about infrastructure. >> right. stuart: that's what it is. dramatic thing there. a new study says, that blue light from phones and a tablet could accelerate blindness could hurt your vision. doc sikh l is here on this one. all right look, doctor now wait a sec. i'm constantly on my phone. i am, i do all a of the time and i gave aye fads to my grandchildren so what's the danger here? blindness come on? >> university of toledo has a study that is real we're talking blue light lie intensity light very powerful part of this spectrum these smartphones have a lot of it if. and bigst problem is if you use it at night when you're supposed to be sleeping and thing beaming on you and not in night mode which helps a little, you shouldn't have it on at all when you try to go to sleep but
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everyone does the. it is when lights are out -- that it is beaming right into your eyes and when you're 50 or 60 the eye, the part of the retina, can get damaged and stuart think of it this way. the inside of your eye is like photopaper it is photosensitive it is like a camera. and this stuff causes chemicals that damages the eye. and we're seeing more and more and more visual losses as a result. very serious problem. >> but you grab the headline with it could cause blindness hurt your vision. is that -- just exaggerated? tell me, in what way can it quantify? >> dxzs your ability to focus and decrease to distinguish numbers to see clearly to see into the distance. blindness is a huge word i say very rare that it would cause actual blindness but it decreases your visual awe when you need it the most. >> is this set up for class action liability for the phone maker is this? >> a setup for reeducating
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people on what they're doing here. we're all plugged into our phone and -- >> into behavior. i'm going to do it tonight and using night mode tonight stuart, are you? >> whatever you say. wearing sun glasses when you're outside and not staring right at this phone. >> i don't wear sunglasses. except when i want to be in disguise. [laughter] >> everyone will wks you. incognito. i'm saying don't use phones as much talk to each other more, and it on dim by the way. get this contrast down this is serious. blue light is very damaging if m j i'm not poo pooing it but taking it under consideration. out of time. out of time. yes. varney is definitely convinced. >> right. nancy pelosi -- using its 8-year-old quote from mitch mcconnell to call him a racist i think she's dead wrong. and to are the democrats with this name calling. my take on that, coming up. top of the hour. ♪ you shouldn't be rushed into booking a hotel.
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stuart: nancy pelosi says, mitch mcconnell is a racist. really? what did he say or do to deserve a label like that? well, back in october 2010 he told an interviewer, quote, the most important thing we, republicans can do is make sure he, obama, does not succeed. miss pelosi seized on that one line from eight years ago to label mitch mcconnell a racist. the republicans opposed obama policies. obama was the nation's first black president. it must be racism if you criticize him. is that desperation on ms. pelosi's part or run-of-the-mill identity politics? it is both. it's a sorry story of the extreme language so many on the left are using. it is absolutely wrong to put restraints of any kind on anyone because of their race. this is america, 2018, a modern and in my opinion successful
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melting pot. you don't hear that much these days, do you? it is also wrong to use, demeaning hurtful words and that applies to everyone nancy pelosi included. it is wrong to call mitch mcconnell a racist on the grounds that he opposed president obama's policies t was wrong of hillary clinton to call her critics racists sexist, home phobe big, xenophobic deplorables. that was using extremist language to paint america as extremist place, crammed with victims. what is disservice to america. the point, if you throw around these words, you devalue them, use them on any and all occasions they lose their sting. and the people who use those words so frequently lose their credibility. so now nancy pelosi calls mitch mcconnell's opposition to obama policies a racist statement. to say the least, that is unbecoming of the woman who wants to be again speaker of the house and third in line for the presidency.
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the seng hour of "varney & company" is about to begin. ♪ stuart: modest rally this tuesday morning, 31 minutes into the trading session. we're up 65 points. that is a quarter of 1%. check out the big tech names. look at them every single day. alphabet, facebook, they are down, the rest are up. not much movement to the big techs so far today. do check out home depot, strong profits a rosy outlook, when the news came out the stock was up nearly 2%. it has now turned negative. not by much. negative now. i'm trying to find a reason for it after that rosy forecast. it's a dow stock, not helping the dow. don't forget tesla, its board forms a special committee to consider taking the company private. the market doesn't think too much of that. it is down two bucks at 354.
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my take of nancy pelosi calling mitch mcconnell's opposition to obama's politics a racist statement. katie pavlich, a fox news contributor. am i going out too far or what? >> nope. you are 1 10%, stuart. democrats are deemed to have a real conversation about race in this country but the reality is for them they don't want race relations to be fixed or improve because they like to use this as a talking point to stifle debate about real issues, whether in washington, d.c., or out in their home districts. accusing someone of racism is a way to shut down debate. this is not a way to move issue of race relations forward. stuart: i'm sorry. i find it just plain wrong. >> it is wrong. stuart: characterizes america in a way, i do not characterize america like that. america is not a racist, sexist, homophobic, xenophobic, et cetera, that is not the kind of society we are. we're constantly portrayed. it is a guilt trip, laid upon us
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constantly. i don't see america like that. >> it is not even just a guilt trip but actually takes us backward. 12% of the country is made up of the african-american population, yet in 2018 and 2012 americans elected barack obama by a majority. we're not a racist country, for the left to take the issue and use it as weapon repeatedly because they're not willing come to the table to have quote, real conversations about issues, instead throw out the race card so they can stop debate that is a problem and it is wrong as you said. it classifies people as racist when it has nothing to do with the actual situation at hand. stuart: well-said. next case, democratic socialist alexandria ocasio-cortez. she is responding to ben shapiro's repeated calls for her to debate him. she says that, these repeated calls for debate, she says that is harrassment. there is another extreme piece of language used entirely the wrong context. >> well look, again here we are with the left trying to throw
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out an accusation of harrassment, sexism, she saying. saying ben shapiro, daring to ask her for debate just like catcalling. i also offered to debate her. i haven't heard back about that. if she thinks ben is sexist asking debate for a man, overseer russ issues she can defend i would challenge her to debate a woman on the other side of the aisle to come up with a real argument where she stands on these issues. the left doesn't want to have debates. they want to shut down debasements instead of talking about real issues, defending their arguments, they are constantly accusing conservatives, those who oppose them, sexism, racism, any other ism you can find in the book because they don't have a real argument. stuart: i don't think alexandria ocasio-cortez wants to reimpose a stalinnist type of socialism where the government owns means of production. >> i think she does. stuart: i think the left in general, and her, and her too,
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want to make america like europe, introduce that socialism, watered down version that they have got all across europe. >> this is why i disagree with you, stuart. in the 1970s bernie sanders said that bred lines in uruguay in nicaragua were a good example how the government was working for the people. he absolutely embraces cuban-style communism, venezuela style socialism. when they say it is about watered down european socialism they want to make work, it is not. if you look at the past history what they're saying, they believe in the quote real socialism we've seen in south america and bernie sanders is of course, alexandria ocasio-cortez's mentor and she is now touring the country promoting these socialist ideas. the history what they said about that kind socialism speaks for itself. stuart: if you ever do get the debate going i want to be there, because i am a refugee from socialism. >> you are. stuart: european socialism. there you go. >> happy to have you. stuart: thank you very much,
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katie. >> thank you. stuart: let's get to the markets and very rosy, not a forecast, it's a projection. it comes from goldman sachs. they shea by the end of this year the s&p 500, a broad market indicator could be up another 10 1/2%. that's if trade tensions ease, if we keep growing. market watcher scott shellady is with us now. 10 1/2% up from here by the end of the year if we get easing on trade and we still keep growing. what do you make of that? >> i could hear pelosi now. that will be economic terrorism, right? she is going to have to call sitting and it is not going to be common sense. all i have to say, even to myself, stuart, is, you look at the things that president trump has put into place and they're all common sense. and i would say to the left, what took you so long? how come this couldn't -- he is not reinventing the wheel. this could have been done, six, eight, 10 years ago but now we have to wait for donald trump to
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put them in place, they're taking credit for saying president obama put them in place before he got there. it is common sense reform. it is everything that you and i would have done. he is not reinventing the wheel. what took us so long. stuart: now back to my question, which is, what do you make of this projection that the s&p will be up 10 1/2% by the end of the year if we get easing on trade and we keep on growing? >> this earnings season has been fantastic, number one. number two, that age-old investment strategy, where else are you going to put your money, right? that will happen as well. as long as we don't have anything crazy come out of china with the tariffs or some sort of black swan nobody can predict, this market, slowly but surely going that way. 10% may be a little toppy. maybe they have a reason to sell something up there, that is the conspiracy theory in me but as things go today and we don't have real big problems with tariffs and earnings continue to
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grow, what else are you going to do? stuart: what is with bitcoin? it dropped below 6,000 bucks overnight. a lot of cryptos are dropping. there is a really a bust in them. what do you make of that? >> here we go, are you ready? i love technology, blockchain is having a spot in our economy making an impact but as far as cryptocurrencies, taken me 30, 31 years, stuart to get all the licenses we don't have any money laundering commingling problems, we don't have all the problems would be reinvented with this new currency. the governments are not going to let these currencies float like that because it's a great place to hide money. it's a great place to do illegal, illicit things. i don't think there is spot for the currency but there is absolutely a spot for the technology. stuart: very interesting. thanks very much for joining us as always, scott. we will see you again real soon. >> all right. stuart: could soon be much quicker to get through security
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at the airport? yeah the tsa is testing new technology which would let you leave liquids and electronics in your carry-on luggage. now there is a switch. let's see about that. president trump calling for a boycott of harley-davidson if the company moves manufacturing overseas. next hour we talk to chris cox from bikers for trump. he supports that boycott. i want to know if he still supports the harley boycott. he is on the show. the president's tough talk on trade producing some positive results. remember last month he reached a deal with the europeans? next tim phillips with americans for prosperity. he says tariffs are hurting the economy. i don't see any evidence of that. i will challenge him. second hour of "varney & company" is only getting rolling. ♪ there's a lot to love about medicare.
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>> protection system not tough on china or mexico, it is tough on our american consumers. that is who it is tough on. stuart: do you like what he has done with nato? he goes over there and says you better pay more for your defense. >> common sense. stuart: oh, here he comes, we have to watch out for mr. trump and they turn around say, yes, we will speed up increase. >> common sense that nato -- stuart: did it by exercising his power and his leverage. that is what i want to see him do over trade too. >> he is hurting american consumers and businesses. stuart: there you have it, that was an argument with tim phillips over tariffs last time he was on the show. he is back for more. he is president of americans for prosperity. tim phillips. let's go at it. you're wrong. i don't see a big impact on the economy talking about trump's tariffs. you so i me the serious, serious dan to this economy or consumers since then. >> stu, come out of that tower in manhattan get on the road
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with me i will show you americans who are hurting f no one surety hadding why has the administration put up over $12 billion in taxpayer dollars to prop up farmers who are the best in the world? because they're being hurt by the tariffs, by the protectionism. you don't throw that money away if people are not being hurt. my home state of south carolina, a lot of businesses in the automotive businesses ancillary involved there, they are hurting too because of increase in steel and aluminum prices because of tariffs. the president has done so much good with the tax cuts and tax reform and knocking down barriers by getting rid of regulation and red tape. i mean a lot of good. he deserves a lot of credit for this economy humming. you pointed out the 4.1% gdp growth but the tariffs are a bad idea that is hurting americans. stuart: okay, china reported this morning that they're spending on machinery, public works projects, is growing at the slowest pace since is 1999. export orders, slowing down,
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dramatically. you look at these foreign economies that we are sanctioning, iran in chaos, venezuela, let's not even talk about venezuela. even, go on down the list. and because we have a strong economy, we can take a strong position against our rivals. and i maintain it is working. i don't think you can really point to that much harm that is being done to our economy thus far. >> when you go out and look in this country which i have done and i do on consistent basis you do see the hurt and the pain. farmers especially are hurting. stuart: wait, wait. look, that doesn't, look, i don't want to see farmers get hurt obviously. i got it. >> right. i know that. >> but you show me, you have got 4.1% annualized rate of growth for the economy. and that came in the second quarter. months after we started talking about tariffs. in the third quarter we looking at better gains, might be up to
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the 5%. show me the serious damage to the whole economy, not just pockets here and there, the serious damage that is being done by the threat of tariffs, many of which have not yet been imposed? >> i would never underestimate the economic growth that is occurring because of the tax cuts and tax reform. and because of the -- we had eight years of barack obama stifling american entrepreneurship and drive and innovation. that is over with. and this administration through tear appointments and through the effort to deregulate i would never underestimate the importance of that. that is why we're seeing this growth stuart. it is a boom because of this administration and congress too. they deserve some of the credit. they passed tax cuts from the president but i'm telling you long-term this is hurtful thing -- stuart: do you want us, should we withdraw from the threat of tariffs, against whom sorry threatening with tariffs, withdraw all of that, start again? is that what you want?
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>> i think that is the exact right thing to do. we have the tpp better way to go to negotiate the trade deals. hillary clinton was opposed to the tpp. >> nafta happened because the tough work on negotiation was done. it was a bipartisan effort, republicans in congress joined with bill clinton and they got it done. so under your scenario nothing ever good would have happened. stuart: wait, wait. you're suggesting we get back into the tpp, whatever, it is not going to happen. it is never going to happen. >> the president said he is open to it. i hope he is, i think he is by the way. you mentioned china, they have got problems, protectionism hurts everyone. it hurts the world but most importantly to us, at americans for prosperity it hurts american consumers. it is going to undermine an economic recovery that this administration has worked so hard to get rolling after eight years of disasterous -- stuart: i insist on the last word on this if we win on china, if we just win a little bit on
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their theft of intellectual property and their theft of our technology, that is a big winner for american for american prosperity. i think it's a certain for a try. we're out of time, tim. come back debate more. >> as always. stuart: thank you, tim. see you soon. criminals from china and mexico flying illegal opioids into this country on board commercial flights. up next, we're going to san francisco to tell you what the feds are doing to stop those drugs once they arrive in the airport from hitting the streets. we'll be back. ♪ napoleon is duping us! all around louisiana...
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stuart: look at this, i'm talking about switch, that is a data storage company. they build data storage centers. that is what they do. they lowered the sales forecast. look at it, down 26% in a tech area, yet they're down like that. how about that? advanced auto parts climbs. it gave a rosy forecast. that's good for 9% gain. next case, the feds, they're working to try to stop illegal opioids coming into the country. claudia cowan is at the san francisco airport. claudia, the opioids come in on commercial flights through airports like san francisco. you tell us what the feds are doing to stop those drugs getting on the streets. reporter: yeah, you're absolutely right. good morning, to you, stuart. not far from the runways is a secret warehouse where government officials are fighting the opioid crisis one shipment at a time. we got to visit one of nine international mail facilities in the u.s. which is the first stop
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for thousands of letters and boxes sent through the postal service and that all too frequently contain opioids purchased online. it is sorted and screened by customs and border patrol agents, who say they intercept fentanyl and other opioids often concealed in small amounts and creative packaging. while commercial shippers like fedex and ups must provide customs officials with packaging information in advance, making suspicious mail easier to spot, there is no such requirement for the u.s. postal service. according to one congressional report, drug labs in china and mexico are taking advantage of that loophole, sending hundreds much pounds of deadly fentanyl and other illicit narcotics right through the u.s. mail. >> we've seen a lot of activity with criminal organizations, transnational in scope, that again are, they recognize that they can make a lot of money with opioids with fentanyl.
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reporter: drugs are tested, then used as evidence by homeland security investigations and criminal prosecutions but agents admit disrupting the illicit opioid supply chain is an uphill battle. stuart, pending legislation in congress would require the postal service officials with data in advance. a vote bit full senate is expected in next few months. back to you. stuart: claudia, good story. appreciate it. somewhat related note i would say, the tsa, the people at the airport, security people, they have new procedures, wait a minute, ash, have i got this right? ashley: yeah. stuart: under the new procedures with the new technology i can take liquids on my carry-on, take them on the plane. ashley: electronics in the carry-on luggage. leave them, don't have to put them out to pull them in a separate bin. they're using a 3d scanner, the type you find in a hospital and it is very, very accurate.
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still having said that you can have three ounces. size restrictions remain. however the fact you don't have to go through the secondary inspections they believe speed up the line. it has been used in phoenix for a year. 15 other airports, boston logan, jfk they're using it. they roll out the machine more and more this year and next year. the ultimate aim to cut down the lines and get to the gate as quickly as possible. stuart: sounds good to me. i will take that. president trump is not backing down with his war of words with former white house staffer, omarosa, calling her a crazed, crying low-life. what does brian kilmeade think about that? we'll ask him after this break. ♪
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stuart: i like it. i like it a lot. he wrote that, paul mccartney wrote that i think when he was like 16 years old. out prescient to look forward when you're 64. what about 70? the dow industrials not quite the high of the day but we're doing all right. up 84 points. 85 points on the advance. all right, 82 points. a third of 1%. i presume that the big tech names are doing relatively well. yes, they are. facebook is down 50 cents. not much. alphabet down two bucks, not much. amazon, apple, microsoft all of them on the upside. let's look at tesla. it is board has formed a special committee to consider taking the company private, it is still down 1%.
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down another 3 1/2 bucks at 352. come on in susan a business insider report about a rapper saying crazy things about elon musk. what is that story. susan: the rapper's name is azalea banks is lighting up the internet. spent the weekend with elon musk and his girlfriend at their home in los angeles. she said she saw tesla ceo, scrounging for investors, comes after he tweeted last week he had secure funding to take tesla private. if we can bring up some of these incendiary quotes she passed along to business insider. she said he is not that cute in real life. she said basically he is scrounging for investors and i just wanted to get to this i saw him in the kitchen tucking his tail in between his legs, crowning for investors.
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expletive, expletive, expletive. stuart: i would say that is crazy malicious gossip. that is the environment -- susan: we live in. ashley: he seems to live in. he invites this kind of stuff. you're right. he does. stuart: i would rather deal with the nuts and bolts of tesla's financial position as opposed to some gossip what he was doing over the weekend. susan: statements from a rapper. stuart: pretty wild and crazy stuff there. i will stay on tesla, bring in a elon musk critic who has been on the show before, there he is is, jeremy owens, market watch technology editor. you still say that musk has got to go, if the company stays public, right, jeremy? >> if the company stays public. this is all silly at this point. blog post elon put out yesterday showed he could have gone the normal route for this, done what other companies do, halt the
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stock, get announcement out there. get advisors lined up before any of this happen. he chose to instead throw it out there on twitter and so he invites this type of sec regulators looking at him and criticism from people like me when he doesn't have to. he could have just gone the normal route. it is all just silly at this point, to look at it, go through this every single day, instead of doing it the normal way. stuart: buyout price is supposed to be $420 a share. the stock is languishing around 350. that tells me that he is having a very hard time getting people to invest, what is it, 58 or $60 billion to take this company private. why would you put money into a money-losing operation which pays no dividend or interest? why would you do that when the ceo is behaving like this? >> that is a excellent question. and, you're right about them losing money. he pro he projects profitability in the second half. after building all these
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model 3s, he should be able to get to profitability and make money after he lost so much in the first half of the year. on the back half, he can make up for it. in the back half will he make it profitable and or will he start developing mack trucks and electric mack trucks and next roadster and everything else he wants to build, the new factory in china? if you are going to do that how will you still be profitable? if you are private and don't have access to the capital markets from the public markets how will you continue to fund this? all of these questions will be tough. stuart: jeremy, give me the endgame? where are we going from here? >> we'll see how it plays out. i don't want to project anything past the close today. who knows what elon will tweet out. who knows what he will blog tomorrow morning. that is one of the concerns any investor should have going into this company, you just don't know what will happen tomorrow.
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stuart: can you think that it's a good enough company, with a good enough project, product, i should say, eventually to get rid of all this messing around with money and tweets all the rest of it, and emerge as a dynamic, brilliant technology company? >> well, it's a car company, not a technology company. but yes it could emerge as that. if it really puts everything on to is it making these cars, selling these cars, at what it promised and continuing down that path, just doing it operationally. yes, the elements are there, for it to be a very successful company, but if it continues to try to do, bite off more than it can chew, it will have a real hard time. stuart: yeah, so that is not for you, okay. i got that. jeremy, i'm sorry, i'm sorry, i missed your very last words there. i do apologize for that, but i get the. jeremy, thank you. >> no problem. stuart: much obliged. come to see us anytime.
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want to see what is going on with the company. >> will do. stuart: big board shows the almost the high of the day, up 88 points at 25,276. it's a rally, 1/3 of 1% higher this morning. joining us live on the radio as we like to say is brian kilmeade. brian, fired fbi agent peter strzok. he has crowd funding, gofundme page. he wanted 150,000. he already has got 255,000. how much is he going to bring? where is it coming from? >> how about this? coming from everyone that doesn't like president trump. number two, what does he need it for. he lost his job after 21 years. does he have legal recourse? will he sue the president? does he want to sue the fbi? does he want to go through the trial? is he looking to get a vacation home. notice andy mccabe had crowd funding they started looking into his background he went
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silent. he is not even attacking the president now. peter strzok, possibly he knows, peter strzok it will get worse. there will be more discovery. his fingerprints will be on more things, perhaps, just speculation, that lisa page said something behind closed doors where almost everybody gave her rave reviews for being candid. didn't like the president, but what these texts really meant. maybe he knows he has a problem coming down the pike there. i'm a little insulted in that i wish people could put their biases aside, say, what if this peter strzok was working on your case? what if he was working on a friend of yours? what if he was plotting, planning to destroy you? would you have possibly have this much, i don't know, empathy, sympathy for somebody going through a rough time? would the fbi be this gracious and do a six-month, do a 60-day suspension which led to a firing? would they be that kind to us if they felt we weren't being candid or working behind closed doors working against somebody,
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when he was working clearly worked against the president. he had a plan in place. he is an embarassment to everybody putting their lives on the line in the fbi. stuart: he will pay his lawyers, that is what he will do. i hate to bring this up, president trump blasting white house aide, omarosa, when you give a crazed, crying low-life a break and give her a job at the white house i guess it just doesn't work out. god work by general kelly for quickly firing that dog. look, brian, a lot of people react to that language that he is using, that the president of the united states should not be saying, using language like that. what say you? >> he shouldn't. look, he inherited peter strzok. he inherited lisa page. he kind of inherited kept on james comey. look what he did. you had no idea, you would say, i don't like this guy, got to get rid of him. he was thrust upon with tillerson and made some choices there. he knew omarosa. he knew her for 10 years.
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the fact she is the at white house shul a the president's doing. and after the michael wolff book, when he went after michael wolff, he made him a multiweek best-seller. i thought the president would have picked up what he did, his criticism helped michael wolff. his criticism of omarosa and words he use are making him the bad guy, when she actually used recording device notice situation room. she was fired the way in which, we have to be fired we hope to be fired in very classy way. now she has all these tapes. she could look like the villain. instead the president is allowing himself to be the story again. the language gets in the way. i think it is inappropriate to be honest. he hired her. i have didn't hire you. you didn't hire you. i didn't bring her in. she wasn't recommended. he brought her in, he knew her for 10 years. stuart: i'm with you on this one. tiger woods, i couldn't take my eyes off the pga championship. the guy is back. i think that is wonderful thing for golf. >> it wasn't on your list i am
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so glad you brought this up. i did two topics on radio. plus we have a great st. louis station, kftk, and kmox reported it live. we had the reporter that followed tiger the last three taste. to see him do this, knowing the back is fused, personal decisions he made in his personal life are terrible, knowing all that, reading the book jeff benedict wrote about i am, we witnessed his greatness as early as six years old, really through our entire adult lives, almost going to a time machine to watch him play that great, rescuing his own game, time and time again he was almost in the creek two or three times, hit the 12-foot putt at the end, it gives you chills. next year we can't wait for the masters already. he wants to be part of a time, the ryder cup. he let himself heal. he went through surgery. he is a better dad. he is better person.
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more thankful for the fans. he stopped judging him. he has ups and downs. help's hope he continues on upside. stuart: well-said, brian, well-said. redemption lives. we'll see you soon. >> thank you, stuart. stuart: next one, a big police union is calling for a boycott of the miami dolphins. the anthem protests still causing lots of problems for the nfl. the head of the union will make his case on this program next. because my body can still make its own insulin. i take trulicity once a week to activate my body to release its own insulin, like it's supposed to. trulicity is not insulin. it works 24/7. it comes in an easy-to-use pen. and i may even lose a little weight. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis.
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♪ ashley: in the last hour economist peter pour reecy had to explain why socialism is becoming such a popular ideal among a growing number of democrats. take a listen. >> the democratic party is the party of youth. there are a lot more young people in the democratic party. there interest a lot more latinos from latin america where they come from a corporatist tradition. the notion that the government should provide them with free health care and free this, free that, especially young people spending four, five, six years at american university, taking gender studies, global studies, anti-american studies and listening to professors pontificate about the glorious days of utopian socialism with amnesia about romania, chile, if those events never happened. they're black spots on the map and in their memories. ♪
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florida police benevolent association president. john, welcome to the program. you tell our viewers what you're calling for because of the protests, joining anthem from a couple of dolphins players? >> first and foremost i want to take my hat off and thank the miami dolphins organization for extending us an olive branch. took a lot of courage to do that, have a first-responders appreciation day for the pba and its members. with that being said, yeah, we were thrilled. we were going to promote this. we were going to get it going. i thought this was going to be a start for law enforcement across the country. i thought we were going to be ground zero except or thursday night watching the game, prior to and after, we saw a couple of nfl players kneeling and, that just shut it right down. stuart: do you think that the players were protesting police
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officers, protesting law enforcement generally? >> absolutely. that's been their, their message all along. it is all about police officer and police officer brutality against black men. so, which is absolutely not true. i mean that is, that is for another debate down the road but that is what it's for. stuart: i thought that maybe the beginning of this season would mark a turnaround, that we could get beyond the anthem protests, get back to watching good football. it looks like that is not going to happen. your boycott is probably going to drag on into the early part of the season, i guess. so, the anthem protests, and response to it, not over yet. >> yeah. so did we. we thought it would be over especially when the nfl came out with their policy, but, however, because of collective bargaining, the players union demanded impact bargaining but
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hopefully they can resolve that issue we can prohibit them from kneeling. we can attend football games and have a dialogue. that is what we want. we want a dialogue. whatever their reasons are we can come to the table also. and we can voice our our grieva. stuart: what effect do you think your boycott is going to have? >> you watch the nfl percentagewise. i think a lot of viewers, we've been getting a lot of emails and facebook, whatever, the percentagewise, the viewers won't watch. so, what is going to happen is, they will have to come to the table. they will have to solve this situation. stuart: so, you want dialogue with the players about the role of police officers and law enforcement in this country? you're okay with that? >> absolutely. i want dialogue because i want
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to hear their grievances, our grievances. let's solve this problem. stuart: yes, sir. john, thank you very much for being with us this morning and that debate will continue i'm sure. appreciate it, john. >> thank you. stuart: check out the big board again. we keep on going up. look at this, we're up 117 points, we're on our way to a half percentage point gain. we're at 25,300. here is a difficult story for you, a driver intentionally ramming his car into pedestrians in london. it is being investigated as an act of terrorism. it is the first attack in quite a while. does that mean these kind of attacks are back? we'll ask that question and get an answer for you. [music playing]
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stuart: police say a man intentionally ran his car into pedestrians in london, near parliament. it is being treated as terrorism. on the phone, former trump foreign policy advisor walid phares. it has been a while since we had these attacks or one of these attacks, i think it is month the. do you think they're coming back? >> they have never stopped since they came back basically. look at it from the perspective two to three to four years. it's a wave. at one point in time there are less attacks from another point
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in time but from what we heard from police and british authorities it is being treated as a terror attack. the act was intentionally. it was targeting a very symbolic place, parliament and therefore, of course the authorities may have even more information which they do not want to publicize at this point in time because of the investigation. stuart: do you think authorities in europe and america are beginning to get the upper hand on the terror threat? >> well, two angles. number one, the caliphate in syria, iraq, and beyond has been subdued, has been defeated. so the catastrophe of isis sending people into the region has been somewhat shrunk but not completely eliminated but my concern is us since day one, when al qaeda first, isis second have spread throughout europe and north america has nothing to do with syria and iraq. this is over 15, 20 years.
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this is a different battle. we are getting better but we're still in the middle of that war. stuart: in london it was a small scale, relatively ineffective attack, but i presume you believe they are working on something much bigger, another 9/11? >> look, when they, when one individual conducts such attacks, you divide it into either, it has been, he has been asked to do it or did it on his own for different objective. he knew he couldn't get into parliament. it is to encourage other jihadists mobilize other jihadists to do similar once, more distance once, this is motivational act rather than a military act. stuart: walid, thanks for joining us as always, on very short notice. we thank you for that walid phares. okay, check that big board, we keep going up, got it? up 127 points. i want to squeeze this story in,
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west virginia lawmakers vote to impeach all four state people court justices. what is this about? susan: this is extraordinary impeaching all four justice on the state supreme court and suspended justice is facing a 23 federal count indictment. the accusations are on spending. over spending basically a million dollars refurbished offices, antique furniture, computer equipment. yeah -- stuart: this is wired. is that ground the for impeachment? it is extravagant and -- susan: over half the delegates voted to impeach them. there is trial before the senate. stuart: got that in fast. the trump economy firing on all cylinders. the dollar very strong. that gives president trump leverage dealing with foreign adversaries and rivals. i think we're on the up side on this one. my take next.
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i'm ..
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stuart: president trump takes a hard line with our foreign adversaries than rivals. it is the direct opposite of the obama approach. push and challenge as trump is very different. that's obama. that is what he was elected to do and we now have a very strong economy and a very strong dollar and that's the key. mr. trump could threaten terrorists because china has more to lose. if there exports from america take a hit, their economy may stop growing and that could lead to political trouble. she promises prosperity. if he can deliver, he may not be president for life. america's economy gives trump leverage here. iran, same story. the president can impose taxes on their oil because american crackers can pick up the slack of the world's oil supply and now leverage is working.
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their economy is a mess and people judge good russia, did you know putin meets angela merkel in germany this coming weekend? that is haunted by trump's pressure appeared is offering the solar energy to europe. that is leverage and trump is using it. classic example is trump piling on the pressure because he can. president erdogan regime has wrecked turkey's economy. now he's holding an american pastor hostage. trump says release urls. the common factor which runs through america's foreign policy as we are now operating from a position of strength, economic strength and the strong growth from a booming stock market. that's what underpins our power. obama didn't have it and i don't think he wanted it. he didn't think american power had been used for good.
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trump is very different. he created this power and he knows how to use it. the third hour of "varney & company" had to begin. stuart: not quite the height of the day, but a rally up 110, 111. the dow 30 and the grain. do not back, have a look at that one. the home of technology stocks up 44 points. 7864. the s&p, look at that for a second. goldman sachs says that trade tensions ease and grow stay strong, that indicator, the s&p will be 10.5% higher by the end of the year from where it is now. and except today sharply. "forbes" media editor-in-chief.
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you hurt my editorial. we are operating against our rivals and adversaries from a position of strength and president trump knows how to use that power. i say he's doing a good job. what say you? i matter what the u.s. is finally acting like a great power again. stuart: but? >> know but. reagan did the same thing, made american strong which america said we couldn't do in countries like turkey when they play games to try to get leverage to get their dissidents in this country and forcibly returned to turkey. we say no work on a ratchet the pressure on them. on the trade front, the danger there and it's got a book a fine line is it's one thing to go after trade abuses, but you got to do it in a way that doesn't end up hurting us. we don't want to impose sales
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taxes on american consumers, american businesses. so that one -- stuart: you've got a letter she issues play out. you can't suspended and say we don't want to hurt anybody. depends what it is you're trying to achieve. back to beijing and say instead of offering 7 billion, 18,100,000,000,000 stop stealing our technology. you've got a deal there. we'll get a lot more done more quickly if we actually work with the europeans who have the same complaints about presenting a united front. it would go on a plot twist if they continue to misbehave, boy, your courtesy of change. more of a laserlike approach and brought tears.
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stuart: tesla sport announced they are forming a committee. i guess they will, put the money to keep the company private after last week's twitter storm by mosque. the stock is down 353 coming nowhere near the $420 privatization price. do you think it is the right guy to be running this right now? >> i wish elon musk is a genuine genius. would apply his fermentable talents to something else other than trying to do an electric car being subsidized by the u.s. government. i hope he ends up selling the thing after somebody else and going on and doing things whether it's based or something high-tech air this guy's got a lot to contribute. i contribute. i just think the talent is being wasted. stuart: time for him to go?
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>> i think it's time for him to say i'm moving on. i want to bring us up to everyone's attention. they are designing -- offer loans were you just put 97% -- [inaudible] okay, who would get a 3% download. with the criteria for getting a loan like that? >> is being provided by fannie mae and freddie mac. then they get through some of the criteria you mentioned. fannie mae has no income -- [inaudible]
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>> that is the low mortgage loan program. they only require psycho score of 580. at least one of the borrowers with no income, no geography wanted. ashley: have they been down this road before? stuart: steve forbes sitting next to me says you're wringing your hands in despair here. >> we've seen this movie before. the amazing thing is other countries have higher master subsidies that would send up with a huge like 2008. could've been a trying to resurrect an old bad movie how about privatizing cnn friday. let them go out in the marketplace and that the government pulling back and let the housing market flourish on their own. it is not the lack of funding. it's all the local regulations
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that make it difficult to get permissions to build houses in an efficient and cheap way. stuart: we have an interest in this development. southwest airlines changing their policy for service animals on flight. first of all, what are they doing? ashley: there's only one per customer and they have to be within a kerry or on a leash. there is a distinction, though. their emotional support animals, but there is also trained service animals. those can include dogs, cat and miniature horses. but no other exotic animals aloud. and one per customer. i did no miniature horses were considered trained service animal, but apparently they are. you can't bring peacocks on board, turkeys, pigs. one per customer.
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>> you also have to have a doctors note on on this emotionally supportive animals to sell you really can't travel without this family. i'm going to take credit. steve, you're gone. give if they find a black bear. good for the 11:00 hour. president trump taking on new york governor andrew cuomo and senator kirsten gillibrand. he said new york state taxes would be much lower if cuomo allow tracking. that's a mr. trump had to say. and boy is he right. we will deal with that in a moment. >> you know, you have among the richest in the united states is sitting under your land and you don't take it. other people are taking it mean in other states are taking the
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>> this could have been boomtown u.s.a. you have among the richest in the united states sitting under your land and you don't take it another people are taking a commenting in other states are taking it. the use of brain power and common sense, you people could have had hometown appear. stuart: he says that how he sees it. flailing andrew cuomo and kirsten gillibrand. dear congressman claudia tenney.
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claudia, you were there last night. i want to know, and you think i taxes that new york state would be low where if we allow tracking, if we allowed to go dead, would it come down? >> absolutely. we finally have an influx into the community with some commerce. right now in the southern tier, which is part of my district, we have the richest reserves in the nation and it would be a huge boon to our community right across the border. you can go into pennsylvania and people are living much better. our farmers are doing much better. stuart: i have property very close to you by my property sits on top of the shell oil department. nobody around me can go get the natural gas which is there. for most of the pennsylvania state line and go across the
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state line at the $5 billion business in pennsylvania. why doesn't cuomo and senator joe legrand, why don't they allow tracking? >> if you listen to president trump yesterday has president trump yesterday his president trump yesterday has been my home town of utica company of utica, new york of utica company are coming for of utica, new york and the first time is that a sitting president in our community since 1948 from the president trump said they are beholden to the likes of the kennedy family has people who are against the hydraulic fracturing and against exploration. new york state remains the only state to not take advantage of this budget resource that we have. >> it would allow for natural gas to be exported to europe to replace the russian natural gas that goes to europe. cuomo and new york state hold that as well, don't they? >> exactly. new york city is going to be dependent on natural gas.
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it is not okay to have a pipeline of our own natural gas to provide resources to our community around our region and it would be a huge help in the southern tier, which is where ibm was founded in one said nearly 16,000 jobs that are no longer there now. just several hundred left and it would be amazing if we could have this natural resource use to our advantage. stuart: absolutely would. i can attest to my own personal knowledge of that. thanks very much for being with us. congratulations on having the president in your hometown. coming up later this hour, new york state senate candidate shall fall he running senator joe legrand. president trump called her out, gave her a shout out as well. she's on the show, too. big tech companies that would be
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amazon, google, microsoft, ibm salesforce want to streamline health data so that your data can be passed from hospitals to.yours. ashley: taken all those paper files and putting them into electronic form. they do not. the question becomes the stock areas are not sharing. if you go into the hospital for the first time they will not sharing data regarding people's health. the big issue is privacy. it is becoming a barrier that is now impacting the ability of the health system to work properly. these big tech companies are coming up with a way that can put together a common network with companies and hospitals and everyone else can use as a common data set.
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stuart: but it will be seen by many people as an invasion of privacy. if you're hacked via >> of your via >> of your heart, how are they using the data come isn't being shared? they are saying that this is actually good for the patient given the caregivers will know your allergy for one company or health data, health history. i agree with you. i would feel concern having my medical records out there. ashley: i wouldn't because you can already be hacked right now. susan: they can share between hospitals. they can share between hospitals. ashley: they know the password to your gmail account, too. stuart: dow industrials up nearly 120 points. worth the price gold? 12 or four, close to dropping below $1200. bitcoin, crypto currencies were down overnight and back at the
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below 6000. read it the moment i said it paid $6000 but it's down again at this moment down to 29. ashley: this is the moment a six-year-old name caitlyn secretly ordered on her moms amazon account. this is the first time her family found out about it. you won't believe how much you spend. we will give you the full story. check this out. the accursed meteor shower lit up skies this past weekend. a rare display of shooting stars. i've seen something like that previously. i'm going to pick sacramento. show me a sacramento, please. rather cloudy and hazy.
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stuart: all right, we teased his biggest extra growth got a hold of her mother's amazon account and spent a bunch of money and toys. homage to choose then?
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transfer $350. her mother said okay, you can buy a barbie online on amazon so she did. but then she said i want to check in on the status of my shipment of this barbie. unbeknownst to the mother, caitlyn started clicking through i should buy $350 worth of toys, video games, board games and there it is. stuart: keep the barbie but everything else has to go back. that was a good decision on the part of the mother. ashley: i wish i could get a picture of the little girl. it's hilarious. something much more serious. a warning that a worldwide atm hack could occur and that would mean millions of dollars. >> the fbi has not said
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anything. they put a warning not to banks last friday that there's been massive tax that could lead to the mass atm cash out. it was actually flanked by security, cybersecurity that said be careful. they get all the information and they can get with a lot of cash. they are trying to beef up their cyberdefenses. it's tough these days. there you go. stuart: keep an eye on your bank account. the group that met with the president over the weekend, the guy who runs the show ahead of the curve. boycott harley-davidson. does mr. cox still agree? we will ask it on the show. america has gone from a big importer of oil to potentially a big exporter of oil.
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starting exports now. that is energy dominance. great story and we are on it. where should we go next? a look at whether come and is denver. that is a nice day. ♪ if you're turning 65, you're probably learning
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stuart: right there 25,300 on the dow up 112 points. the best part of a half percentage point gain. the price of oil this morning is going out. down $67 a barrel. i want to stay on the subject of oil because america has gone from being a huge net importer of oil to a country on the verge of becoming a significant exporter. former exxon arabian culture -- i know you've been in the oil industry for a few years. did you see it coming? >> no, i don't think anyone really did. keep on going, but nothing like this. stuart: surge in america's production and the possibility
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of exporting it. this is because of the striking thing? >> a major introduction of technology that caused a lot of this. they need continued to grow and so when prices go up that drives the technology innovation. it was a surprise. stuart: so when will we start to export significant quantities of oil and natural gas? >> we're in the verge of that. by the end of this year we will start seeing some exports. trade to some exports by the end of this year. oil exports above what our demand is internally. to balance what goes out and so much coming in. >> natural gas exports to europe so our gas can replace russian gas and get europeans back in our fold. >> that is good, too.
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there is plenty to be still exported so there's a lot of activity going on in the region about build and export terminals and opportunities. you will see more back, too. trenchard makes an enormous difference. sooner or later we will start exporting us. it's matching up the good going on in the economy. one out of themselves, their families are involved in the oil they do drive the world economy and so yes it is something that every little bit that improves or goes the other way affects a lot of people and a lot of trade. all of these trade items are related to energy. stuart: focus on oil for a second. what price is cracking?
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say in texas. what prices are profitable? who at 67, $68 a barrel. >> the numbers vary depending on the size of the company in the activity they are involved in. as long as oil stays above $40 you'll be all right. i wish to start in mid-land a few weeks ago. went to visit some people, check out thanks. it is through the city. you cannot get a hotel room. because of all the activity going on. >> i saw for being dealt. think how much better off would be. thanks for joining us. i will break away for some breaking news here. abc is now reporting that the
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term campaign has filed arbitration against omarosa for violating her nondisclosure contract. fox news legal analyst and the author of the great oak which i have read. >> it's a breach of contract question for arbitration. whether or not she violated that nondisclosure agreement will be up to the arbitrator. they write a lot of nondisclosure agreements. they are as common as grass is green and they are usually pretty ironclad. it will be a question of fact for whether she violated. stuart: can she be shut down with this breach of contract? the book is available. and you put the genie back in the bottle. what you can do is usually there
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is a liquidated damages clause in the contract. she is liable for damages. stuart: she could be in some legal trouble. >> whatever profits he makes from the book she could lose. i've got a more serious subject for you. the social services charity with the supreme court last seen at philadelphia froze its foster care program, for as it sounds because that charity aligns itself with a capital church on its traditional view of marriage. no same-sex couple is being turned away from adopting. it looks to me like this is an indirect attack on the catholic church by the authorities in philadelphia. >> it appears that way. you are punishing us because of our religion.
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this is now a very common sort of case that is working its way through the federal court and there are five cases very much like it. in addition to the one in the masterpiece case in which the core values, freedom from discrimination. the u.s. supreme court really struggled with it, but in the end he was in favor of religion. >> it's about couples adopting. the bottom line on this one. >> the catholic social services says wait a minute it's premature and hypothetical because nobody has been harmed yet. you are just discriminating against us because you don't like the fact that we are a religious organization albeit one providing tremendous services for fostering adoption care. stuart: got it. gregg jarrett, thank you for
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joining us here at i.d. like the book by the way. >> thank you at number one on "the new york times" bestseller list. i appreciate you reading it. stuart: you're welcome. you give it to me for free. causing major problems on the gulf coast of florida killing marine life, hurting tourism. our own jeff flock is there. describe how bad is it today. >> stuart, you would not believe this. if you've ever taken a cover-up of this vessel coming of some sense of what it looks like. i team from new york is giving us a fondness. but up close and personal. look at this. this is all algae i'm a green algae and it is thick. look at this. i'll tell you what it smells like and not the word i wouldn't want to use. look at that stuff. incredible. this is only half of it. this is the green algae.
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there's also a red tide of algae that is killing marine life, fish, manatee. if they fly over with a drone, maybe you will see this as a whole canal followed this algae. right where we are is the worst of it. they don't know when this is going to go away. the time that typically lasts a month or two has been here now for 10 months and for the last two months they've got this green algae which is coming out of the colusa hatchery. hey guys, can you fly back over the river? i want to show stuart where this is coming from. they are down the canal now. you can see the colusa hatchery river which is not far from where we are. it is agricultural runoff. you've got fertilizer runoff into the river. that feed theology. fertilizer makes things grow. this is growing like crazy. can we see that? you are seeing it better than i am.
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it is a big river and there's a lot of growing stuff out there. stuart: jeff, i think you made the point was that container is locked into the right there. you two make the point. that's important use of a drone that she organized that is very good. we didn't quite get to see theology but we get the point. that is extraordinary stuff. everything you see here is algae. if i look at this, in that green, look at that green. i've got relatives. they tried to go out on their boats this weekend and they were put off by the smell. how about that? train to these people are worried about their property values. these are high dollar places. you can imagine you want to try to sell your house with a
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cesspool in the backyard. stuart: funny you should say that. i know you're going to be there all day. we will be back to you all day long. thanks, jeff flock. good stuff. mcdonald's spending $6 billion to modernize their restaurants. i think that's just in the united states. the one you are looking on the left-hand side of the screen is in chicago. that the futuristic new look. the market loves it. stocks up to but i once asked a. bikers for trump did meet with the president. chris cox had that group. the president says boycott harley-davidson. does mr. cox a highly leather. honolulu. 5:40 in the morning. i didn't realize. do not be aligned.
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>> and nicole petallides at their fox business brief. office depot, back-to-school things anymore. in fact, it is exploring co-working space is. the retail revenue will have everything you need from your
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workspace while sipping such as copying, tracing, packing, shipping and it will be tech support at the kiosks. in fact commit even have special special space if you're a small business owner. they are asked to help there. these retailers have to compete in this environment. when you look at what has happened office depot is down 30% in one year. amazon that 93%. the office depot concept starts in california and competes against something like staples. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade.
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or download the app! stuart: earlier on the program, run out of sugar went to misery and visited a company which has been helped by tariffs. now he struggled to a different part of the same state looking at another company that being hurt by tariffs. the side of the story, tell us. >> is part of the story is that this tariffs of the largest producers in the united states to lay off 150 people from a workforce of 500. i want you to see this factory is running at roughly 30% of capacity. they don't know when nobility get back to the full production. the problem for the people here is that terrorists do not go in effect further overseas competition.
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the finished product for the u.s. supply comes from overseas is not subject to tariffs. it is subject to tariffs. to put this into perspective, these males produced by americans in the united states are at a disadvantage because males produced overseas are not subject to tariffs. they are not sure if they can keep supply cost for this file for an exception from the terrace and by the end of this week the comment period will be done and they will get notification afterwards. back to you, stuart. stuart: adam shapiro within the space of an hour and a half. that was good stuff indeed. we will see later. over the weekend, president trump visit with the organization bikers for trump. a day later the president went after 10 and a treat encouraging a boycott of the company if it is manufactured overseas.
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chris cox is the founder for bikers for trump. he is a highly big-time fan. earlier you wanted a boycott of harley. do you still want to boycott the company you love? >> boycott is a harsh word or bikers don't like that word. we will turn our backs on something, but we would like to see ourselves reinvent that thing. we used the same expert the president uses on taxing terrace. julio gonzalez. we don't need an expert to see what's happening here. harley-davidson has been planning this for a long time. this is goddess and enough or that they would suggest it has something to do with our president. the ceo is certainly out of touch because it is very clear that nine out of 10 bikers, if not more, our former president for the ceo to suggest such a
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thing -- foolish things harley davidson could've done. trent is opposing it was just about money i made the statement that we can't produce bikes in america at the right price. we take the manufacturing overseas and how he stays good and pure in some financially. would that sway your opinion? >> this isn't the first time highly david ben has had rough seas. it wasn't that long ago warren buffett filled them out instead of keeping the share that would've been one of the most lucrative deals he ever made in the two dozen a bailout they got a couple billion dollars in the government. they've got a long history of stepping in something they couldn't get off their right away, but they always recover. we have to remember the calluses and scads of the veterans in the workingman of america that kept them afloat through the good times and the bad and so that is
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what we are here for. we are here for the employees of harley davidson, the mechanics and over 706 stores in the country. we are afraid they will go to europe and things will turn upside down. 2007 they bought a motorcycle company in europe and it went belly up and i lost billions of dollars. it is the ceo of harley david and of how a lot of european ties and this man sitting at the top of the chain there. i think harley davidson has been thinking about this a long time and how dare you put this on the shoulders of our president. right now he's got so many distractions against him and for you to start something like this when you know darn right it has nothing to do with it, you've been at the white house twice has he been president. you've been searching up to the
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oval office talking about putting america first and this is unreasonable in the biker community is in an uproar. we should be talking about the midterm election. this is a big distraction. we've got our friends with ron desantis, lou barletta, jim renacci and we are trying to spin these elections and we are having a slowdown. the bikers are not happy. we've got a lot of work to do. stuart: i suspect harleys management is listening. we will see what they do. you're one of our favorite. thank you, sir. stuart: i give you an extra five minutes. cox, thank you, sir. also called out her next guest shall follow you. she is running for senate in new york. he didn't call her out. he gave her a shout out. and she is with us in a moment.
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watch this. >> i want to thank chele farley. where is the chele? she's around here. good luck. you are working hard and i think you have like three different parties. you're okay with that? got the conservative party also. i have watched you and i know you are really working hard. you should win. ♪ this isn't just any moving day.
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. stuart: president trump giving a shoutout to our next guest, who is new york senate candidate chele farley. welcome back to the program. >> thank you, stuart, great to be back, just a week after this. stuart: yes, by popular request, you're back. i'm going to pound the table, i want you to make a major deal about allowing new york state land owners to frack, to get the energy under their turf. is that a big part of your campaign? >> certainly something we have to look at carefully because so many new york land owners want this, and it's crazy that pennsylvania is making so much money out of this. stuart: it's a $5 billion a
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year industry. >> talk about the pipelines as well. the utility costs in new york are 35-40% above the national average? why is that? because we don't have pipelines, and absolutely why this should be a federal issue, not just a state issue is we're starving new england. the governor will not allow pipelines to cross the state, connecticut, massachusetts, rhode island, vermont, new hampshire, maine all have much more expensive utilities because you have to truck in natural gas rather than making it go via pipeline. stuart: last time you were on the show you made an issue of deduction against federal income taxes for rent. you got a lot of press out of that. >> certainly did. people are very much in favor of it. why is it only mortgage owners get a deduction, they can deduct mortgage, property taxes, and twofold here -- stuart: encourage home ownership. what's wrong with that? >> how do you save to get your down payment? you need that tax deduction will help to you save in order to get the down payment on your home or pay off your student
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loans. and the other thing is i think this $10,000 cap is too low. i said we at least have to double it. the average property tax bill in westchester is $19,000 a year, but can you only take $10,000 off your taxes. it's too low. my opponent, kirsten gillibrand sat on her hands and did nothing. instead she sat on her hands. stuart: chele, good luck. >> go to my website, fire gillibrand.com. stuart: there you have it. more after this. ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia.
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. stuart: the co founders of the dating app tinder suing the company's owners for 2 billion, why? >> they're taking billions in a lawsuit alleging they manipulated financial information to undermine these tinder, the co-founders and valuation in the stock, and
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they're also alleging sexual harassment by match groups chairman and ceo as well. stuart: they got screwed out of a bunch of money. there you go. what better reason than to sue. thank you very much, steve, thank you very much. >> thank you. stuart: neil cavuto back with yet another broadcast on the network. >> what? neil: all right, thank you my london school of economics oxford friend. stuart: see you later. neil: all right, buddy, you take care, we'll commiserate later. the dow up 88 point, 90 points here, if there's concern what's going on in turkey, things have dissipated a little bit. home depot might have been part of that turnaround, better-than-expected earnings and revenue, some see that as a sign that's going to propel activity here. should i stress despite the fact here that maybe it's not across the board, the fact of the matter is eight out of ten

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