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tv   Varney Company  FOX Business  August 20, 2018 9:00am-12:00pm EDT

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great show everybody come back chris cosgrove. thank you for joining us and thank you dagen and adam. "varney & company" begins right now. stuart over to you. stuart: good morning maria, with good morning everyone. come on let's celebrate. the rest of the media may be wallowing in mueller and brennan. but we're not. the economy is booming. the dollar is king. and stock market sb to hit a milestone for the ages. longest running bull market ever on wednesday, the bull run will be 3,453 days old we've never seen a run liking that before and on this monday morning we're off and running again. gains across the board. the dow, the and nasdaq moving up a little at the ohming bell. there is no celebration in
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venezuela it has become a a loaf of bread and issue a new currency and it is done. the big question is how the era -- era are ends and who ends it. i'll say it again. there is none this year. pepsi into sparkling water and tesla mufng is in more trouble and that stock is plunging again. "varney & company" is about to begin. big deal pepsico buying soda stream okay if i may interject two cents worth. [laughter] >> i know you will. stuart: emphasizing popularity in terms of sparkling water. >> you can't beat them you join them and pay $3.2 billion with
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israel company and pay 11 wct, 144 a share and bottom is you're right looking into sparkling water other area of the soft drink entry, e pepsi itself is spinning a different way. their cefo saying we play in the business home beverage where is we don't play in other words allows people at homed to do different mixes of pepsi they can add more sugar. i can't imagine how or take more sugar away or hint of sugar with their pepsi so you can make pepsi at home using the soda stream now owned by -- >> to your liking. >> because that's what you want. >> you know -- is this -- choice of home is it? >> sometimes i'm kind of guy give it to me i'll drink it. i didn't have to bother to make it. but -- [laughter] so there we've got pepsi soda stream. on upside right there. look at futures. this is a monday morning, obviously. after a last week's rally i think we've with gone up six of the last seven weeks and open
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higher first thing this morning. do remember please, this week china trade talks resume in washington, d.c. now, here's what is likely to be stock of the day again. tesla. the share price dropped below 300. 291 to be resice. now take a look at the tweets over the weekend concerning tesla board member ariana huffington and here's the response first of all dear elon change the way you work to more many line with the science of how humans are most effective you need it tesla needs it and world needs it. sh and here's the response from musk. ford and tesla are only two american car companies to avoid bankruptcy. just got home from the factory. you think this is an option. it is not. joining us now market watcher keith, all right. look, let me offer my opinion. i think musk has to be on the way out from his current role as ceo and chairman boat of them
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and leader of the whole company. he's got to be out soon. >> i agree stuart. this is his charlie sheen moment you know when you wongd p wonder not to make light it have because you never want to see anybody stumble like tesla has brilliant but struggling with internal and i think that is a significant risk for the stock. i wouldn't touch it right now for all of the money in china. >> so how is he aside with the board that taps him on shoulder and said tile is up? >> you know that's an a interesting question. because there's some control issues. there's some legacy issues musk is tesla. tesla is musk. i think it is not a normal situation where you can just simply remove a ceo because so much of why this stock price is here today, is because of him personally and you think he would have learn lesson about tweeting but, obviously, not over the weekend. >> i believe grimes his girlfriend singer grimes i believe that she is no longer following him and he's no longer
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following her. on social media -- so in other his had personal lia little messed up as well. that's not going to help him? >> well see this is the thing right you know america is a wonderful place so with intelligent resilient people and we place a lot on what happened in somebody's personal life. what does a ceo of a publicly traded company is worth billions and that takes importance. so the individual you entrusted your money to has a deck that's on fire in all cylinders i think he has personally challengeses he's going to bleed into the corporate. this may be a moment for tesla. >> by the way, jpmorgan thinks stock price will drop 291 okay currently. longest bull market ever. okay, 3,000 get this right. 3,453 days long if we make it until wednesday and we will. so how much higher do we go? series of wrapped fire questions
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how much higher do we go? >> 3 to 3100. bandwidth broadened because of the trade circumstances but i think that's where we're going stuart by fall. stuart: you are by fall -- good lord. ends of fall. you're a favorite guest when you say things like that on a monday morning. what could tend? there could be a factor occurs that nobody can foresee. but is there anything that you can see that would end this gain? >> i think that a political inhinging not talking about normal. but talking about break down in the china -- united states talks china could throw a monkey wrench in things unfortunately we have that ebola surfacing again with biological weapon. >> keith thanks so much for being with us earlier on monday morning. i like that prediction by the bull market in the fall. you're a good man.
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i don't care what they say. thank you very much keith we'll see you soon. now i have to get to venezuela. president there -- he's raised a minimum wage 6,000% at the same time introduced a any currency and by the way banks are closed i call it desperation. fox news contradict tore wall street journal editorial is with us. >> yes, sir. end game arrived hasn't it? >> you wonder how much worse it can get more than 2 million people have left this country in the last five years. hyperinflation more than 1,000 percent now people expecting more than a million percent this year. government's answer is lop five zeros off courage currency and start over but if they keep precincting money pane shortages continue it is, you know -- >> liz, and susan saying for months and months end became is here. i think it is here but i'm not sure what form it takes. >> you know -- stuart: how does it?
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>> people are afraid to protest often even though conditions are miserable there's no power. empty shelves in a lot of places lack of running water. he has a very well armed military. and to the extent they continue to be with him he may hang out a long time. but for all of these kids who were thinking socialism is wonderful. we're watching this real time tragedy unfold there. and it is -- misery and i can't predict when it will end because sometimes oppressive regime can hang on for a long time. >> there's a difference in socialism. socialism in venezuela is dictatorship i got that. and the socialist -- socialism in america is not draconian like that but nonetheless elizabeth warren senator warren last week introduced legislation -- which would give political control over american enterprise. that's what got -- venezuela going down the wrong
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road in the first place. >> well, as you know it began as a democracy in venezuela slow tightening limits of freedoms over time. gradual now complete control of the economy, and it really says something. you mentioned this minimal wage plan you normally would expect perhaps labor unions groups would think this is wonderful but see one week one of the protest will be business and labor coming together to say, this insanity has to end. stuart: it has to. james thanks very much sir. appreciate it turn your attention to breaking news there has been a terror attack in spain. tell us. >> individual rushed into police station south of barcelona shouting heading towards police officers who shot and killed limb. what do we know about the suspect in all of the authorities are saying he's 29 years old. he's from algeria of al algerian
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origin under foreign documents as they say and we should point out comes three days after anniversary of that terror attack in barcelona happened on august 17th someone driving white van down the ?erp of that city killing multiple people. so needless to say everyone is on alert in spain and elsewhere for perhaps further -- >> pedestrian attack in london last week. let's not forget that. still going on. all right check futures please. monday morning where to we open, with up again. dow industrial is looking about a 40-point gain at 9:30 this morning. we have netflix, canceling anti-trump comedienne michelle wolf new show been on the air since may. she insulted sarah huckabee sanders at the white house correspondent dinner. democratic socialist running for congress in new york facing criticism forren baaing media from some of her town hall events. she says she did it to make sure
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voters felt comfortable to speak their minds, that's what we need a safe space. [laughter] for socialists. okay. turkey president trump says, he's not making my deal request him until that detained american pastor is set free. the president trump hardline stands. more varney after this. uttering) that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade.
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look at this. ford motor company this is free market the thing is well below $10 a share. about $9.50 is that a drive by shooting? j yerl they are morning turkish authorities saying four to five shots came from a white car that flew by. glass was shattered no one hurt. that's the good news. it should be pointed out that the general reported this weekend that -- turkey offered to release the -- american pastor andrew if the
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u.s. stopped its investigation into turkish bank now fine because of evading sanctions on iran and it being facing fines of billions now what i love is -- the response from the trump administration no to that offer. saying a real nato ally would not have arrested branson in the first place. so no deal. stuart: president trump says he won't come to the table with turkey until the pastor is free. christian whiten is with us former advisor of the trump and bush 43 administration. all right christian trump hazardline stands and digging in his heels. >> it does and important to stress just how stupid that offer they made so they have taken a number effectively of americans who hostage and tradem on going easy on a bank and one executive found guilty earlier of this year of laundering money or involved in a scheme for iran. this is at the same time we're asking not only our allies but
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even adversaries like china to sees business with with iran stop buying oil, stop conducting any business. so really it was an offer that never had any chance of succeeding almost the slap in the face. >> but if he keeps up with the pressure, and turkey i don't know -- what the right word to use is, but turkey goes into severe economic crisis. we feel the fallout in america don't we? >> well there -- there's speculation that turkey would be contagion other emerging markets but it hasn't happened yet and they're off 2% today in light of this news that as you know a huge move for currency but pailing in comparison that happened year to date where it is up 40% roughly. you also have 16% inflation that can only go higher when currency devalues that much so turkey is feeling a lot of pain and so far this hasn't shifted to other emerging markets yet so until that happens, we're probably not going to feel any -- big effects here in the united states. stuart: can turkey remain an
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honorable member of nato? for much longer it's going to buy a russia air defense system with russian technicians running on the ground in turkey looking at our f35 planes that are going to turkey how can they stay in nato? >> fundamental of the important question with those f35s are on hold as a result of the national defense authorization act passed recently until the pentagon effectively certifying things are okay. you know, this could all go away and -- and it is really just over branson or a turning point in our view towards turkey and people seem to think this could go away at least our sanctions not their financial crisis. if they actually just comply but the longer they drag this out, longer people will ask gee, maybe this country doesn't have anything in common with the u.s. and western allies like qatar. >> but i'm going to assumeish slowdown in economy continue so
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i'll ask you the same question i asked about venezuela? >> it has been on the and for 15 years with a remarkable scene and undermine democracy. these systems whether it has turkey or venezuela pane i believe there's a day of reckoning. it is sad people can sort of undergo a lot of economic pain until they demand political change. but that's where it is headed. >> i think day of reckoning comes first in venezuela maybe later in turkey we shall see appreciate it sir. back to your money. how do question open the market this monday morning we're going up about 40 odd points. bottom line we're going up again. president trump going after the social media company for conservative speech and it says it is time for to stop you will see the tweets after this.
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>> all right we're opening up about 50 points on dow industrials. next case, let's talk about president trump, briefing about social media over the weekend i've got a lot series of tweets and i'm going to read it out for you. number one within social media is totally discriminating
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against republican voices speaking clearly we won't let that happen. they're closing down the opinions of many people on the right. well at the same time doing nothing to others. he goes on, censorship is a dangerous thing, and absolutely impossible to police, if you're weeding out fake news, there's nothing to fake as cnn and msnbc yet i do not ask behavior be removed i don't windchill at all and too many voices are being destroyed some god and some bad and that cannot be allowed to happen who's making the choices? because i can already tell you too many mistakes being made. let everybody participate good and bad and we'll all have to figure it out. you know i'm trying to read between lines there, and president is going for absolute free speech. all out there. >> key phrase there go ahead and bad put it out there let everybody participate let pus make the decision of what we
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want to believe and not to believe because ultimately it is our right. to havens from every side and make up our own minds. >> why should we have one individual mark zuckerberg who is found per and the guy behind facebook, why can we have all of that power, the power of censoring anybody in just one person? >> that gate keeper that really does issue and we know where they're coming from so we know which way it swings and who is favored and who isn't favored. said they're liberal. it is at least he had the -- i don't to use that word at least he admitted and was honest it be. stuart: over the weekend some videos which had been posted on facebook from prego you, the university videos some were blocked facebook is now apologizing for that. another example -- because his point very strong. how can you police two billion -- users on facebook? >> you can't do it.
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>> you can't. so back off don't do it at all andlet have a free for all -- let us decide for ourselves we want to believe and not believe that's our right but to have a gate keeper saying you can't listen because we don't believe in it is wrong. >> alex jones is reprehensible with with k we tolerate in saying on twitter or facebook? >> as president says -- yes take it with a grain of salt -- >> expredzed our opinion on that one and we will do it. the stock of the day helicopters to be tesla listen to this. premarket in tesla is back to $291 a share. i'm told that down there on the floor of the exchange, it is kind of quiet august. late august trading session, except for tesla. lots of action down 13 bucks 4.5% premarket and jpmorgan down
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to 395 that's the the stock we're watching care think in monday morning. see what happens. back in a moment.
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now, you squint and look carefully at the new york stocks exchange you will see a famous golfer will open, barrett will
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receive and wade and on this show in about 20 minutes time. he's a great humanitarian that guy, and he's with us later. meanwhile, the serious subject of money is about to begin. it is monday morning bang 9:30 eastern time, we're up and running and we're going to concentrate, of course, on the big board because bull run continue this is monday morning we're up 64 points right from the get-go. 25,700 show me apple i think it moved all time high look at that moving further into record territory you've got apple 218 dollars per share. that is worthy of note. the s&p 500 where is that? broad base indicator, it too continues its bull run. it is only about i think from this level it is about about 13 points away from another record all-time high. the nasdaq home of the technology companies is up about a quarter percent. nice gain there. now, here is the big stock mover of the day. that is tesla.
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it has opened with a loss of 4.8% that takes it all the way become to 290 per share with a forecast from jpmorgan, they think it is going down to 195. watch out, look out below. >> yes. i said often i do need help on a day like this, and -- fortunately ashley webster is coming in yet again for a full three hours. >> someone has to do. >> leifield and i'm starting with musk. now i don't know whether saw exchange with ariana huffington, susan i want you to come into it not on exchange of tweets orb the projection of the price of tesla i'm told that tesla is the big gain there that's where all aft interest is. >> only game in town given that foe august trading session and everything i spoke to said nothing is going on except for
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tesla today in the free market you're seeing some big volume trades already. we're crossing i think, changing hands of a million shares. 12 million is daily average exchange and expecting to cross maybe by 10, 20% and this is mostly on a sell basis as you can imagine as jp moore begun aggressive price target cut to 195, and you know people are saying it is going to get worse before it get better for tesla. >> very interesting susan good scene set or right there. i have to ask you john, and i know you're elon musk fan. at some point, though, with this going on, he's got to step aside from that particular job. hasn't he? >> i think if he does company it doesn't exist anymore. i think he's that key of a risk. i think that fec knows that and as a peer of code for fraud you don't have verbal agreement but a term sheet. with secured funding with that july 31st meeting a blatant fec violation but i talked to guys
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they said he's going to get a slap on wrist and fine for that and i don't think he has to step aside. if he does tesla doesn't exist. >> very interesting. okay, charles -- does he have to say? >> i agree with john, he is the reason stock is trading at 300 in the first place and reason it has been able to miss production goals, and in a whole of myriad of things. when we're talking about this spacex has taken over 50 % market share in that area are. he's extraordinarily successful and deep pocket investors believe in him and they want to reign him in but they want him at the helm. >> can you reign him in. stock price is based on hoop and faith -- >> huffington said get your head together, and musk responds and says i can't change my work habit whats. and broke up with his girlfriend and personal life is i don't know -- >> he -- his work habits are work habits of a million small business owners in america. the longest vacation i've had in adult life was one week and i've
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had two of those. worked on vacation once and people own candy stores they don't have pressures but he is what he is. you can't have this person who make this is company become a different person to run it. >> okay. by the way volume in tesla stock trading as of now is about 5 times more than it normally is. and stock is way with down at 291 moving on. couple of stories on netflix they canceled comedienne michelle we'll of show testing adds for binge watchers. not sure i understand what that's all about. but -- people don't pay for netflix to see ads. >> absolutely no if they pay for netflix for two things for content they want and pay for because of the predicted software. that they've developed is best in the business by far. >> they can predict for every single human -- >> they don't have to pay for pilots anymore because they know a show is going to work. >> you're right. that will turn people off. if you're waving and next episode and you sit there
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binging next episode if you have an ad that will upset people. >> he have to be creative, though, you might be able to have a character in the show with a same predictive soft square that wear withs dress or style that people lover and marketer or designer of that maybe in the window somewhere will have that hey if you love the dress that the main character wears because maybe you -- you know, and they might be able to find a way to not be so intrusive. you missed it. i like that crown. elizabeth was wearing -- thank you i'll take on that -- >> i thought you have a replica king varney. something from amazon that didn't catch on. how about that, didn't catch on we're talking music streaming, however, it is now making a big advertising push to get it some steam. watch out spotify. going to work this time around? >> better off trying to buy spotify a proven product and a company to sell for the right
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price and going public recently. they can do it better. >> they thought they would they could do fire phone better and few other things. now this is a rally monday morning we are now up 80 points. 896 points on dow it industrials. 25,754 we're less than a thousand points away from the all time record high. estee lauder that is up 4.5%. >> i have subscribers and get a chance to see what happened. i was initially down now it is up. same thing happened with deere on friday five and then up 5. reversals must be going great and low for consumer staples this is why it is amazing it is moving away for need for technical every day and leadership from places you never thought before. >> bullish charles payne you're all right there. good to see you on a monday morning. tyson foods paying more than 2
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million they pay to other enxas up a fraction. ford look at that. below $10 a share. 963 that ford motor company. and price are of oil this morning i think it is mid-60s yes it is. 6595 and national average for gasoline that is coming down. this monday morning it is $2.83 i love it to broader markets longest in history i'll repeat the number charles on we understand, it will be $3,453 days of a bullish market never been higher than that. although there's the caveat it has to take out the general 26th high before it goes down 20% so technically we'll be at the all time high because measuring it by, you know, the blimp bear markets but characterric of this rally keep going. >> i think so. i think fundamental argument is getting better. >> john do you see anything on the horizon other than something you cannot foresee anything on
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the horizon which would end the bull market? >> i think only potentials that we can see at least are inflation and potential trade war i think only -- possible is up. absolutely merging markets are hurt because rates are are going up. china and europe have problems, u.s. best place to be. >> we're up now nearly 9points. heading pretty close to 100 point gain per the dow industrials on a monday. 25,700. >> up six of the last seven weeks off to a good start is in this week. now the story about pepsi. they are buying soda stream. john -- this is a big deal in terms of the development of the beverage industry. pepsi is banking on sparkling quarter. >> what? >> it is a healthy phase across america right now but also economy scale. you look at what happened with the acquisition of quaker oats got gaither aid only way for big companies to grow revenue because people don't more pepsi than coke is to add different
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products that's why they're making acquisitions. >> other angle on this i think that you can now brew your own pepsi at home using some kind of -- flavors -- >> formula flavor. syrup you can do whatever you want. >> carbonated soda drink and diet holding them up. but we're talking a completely collapse and raise prices on cans because of the tariffs no. you're raising prices for last few years but raise prices so long on when you're full of purchasers gets smaller and smaller. this is a move they should have made a long time ago and paid a lot less than 3 million. time goes fast on a monday morning up 95, -9d 6 points and 9:40 eastern seem so charles you're a workaholic but take vacation. >> what are you doing in new york for? >> i heard big guys are on the show this morning. so -- average rate of the panel by about 50 pounds. [laughter]
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>> i'm on a diet. gentlemen thank you very much. >> yes. >> check that big board up 95 poins, 25,766 couple of hollywood stories for you romantic comedy with asian cast. huge weekend at the box office. and a big named's new movie couldn't break the 1,000 dollar mark at the box office. that guy on the the right. i have details for you. and more on tesla, of course. a whistle belower at giga factory making damaging accusations against murveg and company. we're talking to the whistle blowers lawyer after this, and tesla is down $8. year, i am sorry about that.
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we made it. briefly i'll be it but up 100
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points on dow industrials right here on a -- monday morning, a nice rally last week. yeah we're up again on a monday. now we have apple they say they've removed thousands of illegal gambling apps from its app store in china. coming in suzanne lee tell me what happened here. >> so 25,000 illegal apps korgts apple have been removed from the china store and in a statement they said that gambling apps are illegal and not allowed on app store in china. 25,000 is 1.the 4% of the total amount of apps in china over 1 million so people are questioning whether or not apple to the chinese government and again this comes in -- question about censorship. apple with a unique position selling in america, but we are under scrutiny for in a trade spat right now. back to you. >> we are. thank you very much suzanne. back to tesla. former tesla security employee named karl hoon son filed a whistle-blower suit second
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ex-tesla employee to come forward. joining us now is his attorney, who is with us this morning in new york. number one, what is it that you are alleging tesla did to your two clients? >> well, stuart, the basically mr. trip was first one that involved a situation where he was reporting to the press on his own. issues that he saw inside the giga factor as a result of that he was fired, and my view he was police called on him. he was working in the factory the factory and battery plant working there and sees stuff going on that he doesn't like and goes unreported he contacts media tesla finds out he's done that and they file the guy. >> preve and that's when after that, they -- filed a federal lawsuit against him and they call the sheriff in what i believe to be a false report of a, quote, terrorist
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incident. saying that he was going on his way to shoot up the factory which was my view based on police reports which we've gotten was completely false and we're looking to have that investigated and pursued that's the first client. >> and then mr. hanson is second client. somewhat similar? >> well same factory, mr. hanson was working for security inside investigations for tesla so he knows a lot of things about tesla, and he brought up several issues namely, one a 37 million theft of materials that he was told to investigate. he did. he was following up on it and told to stop investigating don't report it the sheriff or law enforcement and to my knowledge wasn't reported to shareholders. he also was -- told to -- about a potential sale of narcotics of the large quantities of narcotic, cocaine and possibly meth. >> but sale of these narcotics
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within the factory? >> within the factory tesla was given allegedly given -- a tip by the d.a. state task force, of sales going on major sales going on by a particular worker at the factory. and specific detailed information about those sales and that they're working with a mexican drug cartel and specific details about that cartel. so -- >> there's a pretty strong charges that clients are laying on tesla. >> yes. >> you're their lawyer what are demanding from tesla in court? >> well, just to be clear we didn't file any lawsuit. but i'm an fec whistle-blower attorney both filed fec whistle-blower tips to inform fec of potential security violations which we believe have taken place. >> would you, the objective would be to make known the what is really going on in that giga factory and what is going on with tesla finances as they
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relate to fec way to expose that. >> anything that is material information that a shareholder or or potential shareholder would want to know and they want to know if there's significant drug sales going on in factory and they want to know if there's wiretapping going on of their own employees another allegation and they want to know if there's 35 million of theft so those are all significant for the company and certainly for the ceo. >> but stuart is thank you so much for being with us on this show for us this morning. thank you, sir. now i do want to read you a statement which we've received from -- tesla. here question go in full mr. hanson's allegations were taken very seriously when he brought them forward. some of claims are outright false. others could not be corroborate sod we suggested additional steps to validate information he received secondhand from his single anonymous source. because we wanted to be sure, we got this right, we made numerous attempts to engage further with mr. hanson to understand more about what he was claiming. and the work that he did in
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reaching his conclusions. he rejected each of those attempts and to date refused to speak with the company further. that was their statement. it helped bring the stock back just a little. we were down about -- 15, 17 dollars now tesla stock is down about $10. okay came back a little. check the dow industrials. we've come off the high, we were up 100. now we're up 90. you might have missed this this morning. golf bart ringing opening bell at the new york stocks exchange he's honored with a big award and he's going to join us after this. what does he make of tigers big comeback? we'll ask is him. mgx minerals' disruptive technology can extract lithium -
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used for batteries from expired oil wells. mgx's new pilot plant aims to produce lithium-carbonate one hundred times faster than from conventional lithium brine. mgx minerals
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the high of the day was plus 100 right now we're plus 90, 25,760 is where we are. apple got to include that in stock market conch yet another all time high. apple is now trading at 218 dollars per share. golfer bart ringing opening bell of the new york stock exchange this morning is pga tour 2018 paine stuart award the recipient thereof. and he joins us now. bernard congratulations welcome to the program great to see you
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sir. >> thank you very much it is great to be, and yes, thrilled to be the receiver of the paine stuart award for 2018, what excitement that is for me. e-yeah paine was a wonderful friend of mine and very excited. stuart: i know you as a christian. are you still leading pga tour bible study? >> yeah. partially. we have a chaplain on our tour but i did start the fellowship on the european tour about about 30 years ago, and that's still going strong so we're very excited that and, obviously, paine became a believer about a couple of years before he passed away and that was personal thrill for me. >> that's wonderful. i have to tell you, sir you appear to be tearing senior tour. i know you're 60 now, you're going to be 61 next week, i think it is. you know, a frequent guest on our program is player he's in his 80s and he has a vigorous
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physical fitness regime regimen does he has -- >> i do have a physical regime but not as rigger as gary player he's qoot a specimen and you know -- >> specimen. [laughter] what he started many, many years and tiger woods followed in his footsteps now all of the young guys workout so he's really was sort of the the grandfather of working out on the professional golfing circuit and it is great to see. >> do you have the slightest degree of resentment of tiger woods because he came on real strong is right about the time when you could have been winning major after major after major but you didn't because there was tiger woods. do you feel a little bit how do you feel about him on his comeback? >> well i'm thrilled for him personally that, he's overcome his physical illness and all a of the operations he has to go
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through and personal stuff it had to be difficult for him. but i'm excited for him. he seems to be heat and fit and in a better stage in his life, and his 9th set -- >> golf seems to need him. >> yeah, i think he still is biggest straw that we have. he brings every tournament to different level and people come out in great flocks to see him and follow him and it was great to see him in contention last two majors. >> now gary player is just over 80 years old and he can still shoot 72, 73 king king coy do you think you can shoot -- 72, 73, 20 years from now? that hard? >> i have no idea what i'm going to do in 20 years from now. but my goal is to shoot by age two and i'll be 61 next mongdz and hopefully we'll have -- you know, before i turn 80. [laughter] >> we would love to see you -- congratulations on the paine
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stuart award you're a great guy and hope you can see us again real soon. >> appreciate it. >> thank you, sir. >> bye-bye. >> i have to come right out and say it, venezuela is collapsing. the end game is surely very close. venezuela socialism is a very good example of whatnot to do with your economy. my take on that, next. copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. anoro is not for asthma. it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms
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stuart: venezuela has become a wheelbarrow economy. that means they reached the point where venz wailians need a wheelbarrow to have the currency for single purpose. one million% inflation by end. year. so sass the imf. president maduro will try to stem the tide with a stronger bolivar. he is dropping last five zeros from bank notes.
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inset of 6 million to the dollar it will be 60. they will raise the minimum wage by 6,000%. come on, they're done. the economy will seize up completely. and the tide of people fleeing the country will become an absolute flood. the precise details when and how it all ends we don't know, but they are well and truly done. there are lessons to be learned es especially for socialists here. what started the rot was the takeover of the private enterprise, capitalism by politicians, leftist politicians. hugo chavez got the ball rolling when he seized land, farms, companies, factory and oil t was downhill from there. last week senator elizabeth warren proposed the political takeover the businesses here. senator warren wants companies
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to ask washington for permission to do the business. they wouldn't do that unless stakeholders ran the show. is that where we want to go? democratic socialist, alexandria ocasio-cortez and bernie sanders they want to demonize business, tax it and control it. is that where you want to to i don't think so. a year ago our own elizabeth macdonald brought us video from caracas, people eating out of far badge cans, that was last year a full year ago. the socialists managed to stay in control by pure thuggery. time's up. this long-running tragedy is almost over. venezuela with the biggest oil reserves in the world is now a wheelbarrow economy. we should take a hard look at it. to make sure we don't go down the pathetic socialist road. the second how of "varney & company" is about to begin. ♪
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stuart: still a solid gain. we're up almost 100 points. i will call it up 95 to be precise. that is where we are, 25,766, excuse moo the strange look on your screen. we have a new graphic on the left-hand side. look at big technology companies. big technology companies are all down except for apple which hit yet another all-time high. moments ago it was $218 per share. tesla clearly the stock of the day. now it's down $7 at 298. you will have a lot more on that coming up for you. the price of oil this monday morning is $66 per barrel. want to get back to venezuela. as you may have heard i say the endgame has arrived. joining us retired lieutenant colonel james reese. you served in south america. you know what is going on inside of that country right now. i want please for you to react as a reporter for us. tell what is going on in venezuela right now?
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>> stuart, good morning. well, 20 years ago venezuela was the place to go. everyone from the united states used to love to go down there. their democracy, their capitalism was at an all-time high. we worked for years down there in venezuela, with the venezuela blitz and the military. as you know, most americans know, that has crumb belled over the last 20 years. it turned into anarchy. most of the people i worked with, 15 to 20 years ago before hugo chavez came in, they're dead. they were hunted down by those socialist regimes and killed. all of the companies now we're working with down there now, especially american or international companies, their companies are loss leaders down there. they can not convert their money to dollars. the government owes companies millions and millions of dollars. they default on those loans. so these companies now can not convert any of that to taxes back in the u.s. it is complete
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anarchy. the last piece, folks i know, middle class, upper middle class in venezuela, they're having to flee the country, bringing their families into the caribbean. some are now working at minimum wage or some are living on the streets in subcaribbean countries because they can't get them jobs. stuart: jim, that is a good wrap-up what is going on the ground there. turn your attention to the trump administration. what should we do about what's going on down there? >> one key factor the trump administration has to look at this become as national defense issue. when a company goes, when a country goes into an cashingky and collapses, marco terrorism, because the government looks for ways to get money. there are leaders in the venezuelan government that notified for drug trafficking. so right now as that country fails we have to watch it does not become a safe haven for
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terrorism. stuart: do you think we should intervene in any way, shape or form? >> it is difficult because you know, we have the association of latin american countries. we worked very closely with them but it is something i guarranty you the pentagon is looking at, giving the president options what we could do in venezuela if need be to go in there, especially if the government collapses. stuart: jim reese, thank you very much for joining us this morning. thank you. >> yes, sir. stuart: i want to bring in economist and market watcher brian wesbury. brian, i want you to address venezuela. i don't see any way a country can come back from the current economic malaise, it's a crisis. there is no coming back, is there? >> well there is no coming back unless they completely change the rule of law and the property rights and get it away from the government and give it back to the people because, and that is the thing about socialism. stuart: it is not going to
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happen, is it? it is not going to happen, brian? >> you know what, in the soviet union, in cambodia, in a lot of different places what happened millions and millions of people were murdered. that is the only way you can keep control. the real issue capitalism works, socialism doesn't because socialism is the political allocation of capital. and politicians don't care about prices. they don't care about profits. they think it is niagra falls. the water never stops, until they take it over. they find out how hard it is to run a business. you know, and, i know i'm saying all of this but, hey, i have read friedrich hayak, milton friedman, adam smith, ayn rand. that is what needs to be read. bernie sanders is complaining people are send ising him these books to read but all the truth
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is there. we've known it for decades, hundreds of years, and venezuela is just the latest example of why socialism can't work because profits matter and elizabeth warren today thinks profits are evil. that's the beginning of socialism. stuart: you're preaching to the choir, brian, but we like it. let's move on to the bull market. i will give you that number again. on wednesday the bull run will have lasted 3453 days. that is the longest ever. >> yes. stuart: we're up over 100 points this morning. how high do you think this thing's going to go? >> i think it's, i think we have at least 18 to 20 tour months. the number one killer of the u.s. economy, not talking about socialism here, but the number one cause of recessions is is when the fed gets too tight.
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yes, the fed is raising interest rates but even if they were to push the federal funds rate to 3 1/2% next year, so that's two more rate hikes this year, four next year, they still wouldn't be tight. and as a result, i can't call a bear market. i don't see a recession anywhere in the foreseeable future. and one of the things too, stuart, that i would like to say is, when you really look back at this last 3,000 days. we did have tax hikes under president obama, obamacare, we had more regulation and what that tells me is that the underlying technologies that we're inventing today, whether they be apps or cracking the genome or fracking or 3d printing, that productivity is so powerful that it's creating profits even when the government makes mistakes. and now president trump has cut
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corporate tax rates, cut regulation and that's unleashing this technology even more. so i think this bull market has a lot more to run. stuart: okay. we do like to hear that, brian, i got to say. come back anytime and say it, especially on a monday morning. >> all right. stuart: wesbury, you're all right. >> love to be with you, stuart. stuart: by the way we're up 116 on the dow. now the saudis as in saudi arabia, they're showing interest in a test a rival, not good news for tesla. ashley: elucid motors, electric car company found by one. members, former vp at tesla. they don't sell any cars right now but it could fit the saudis sovereign wealth fund portfolio. they could put in up to billion dollars which is modest for saudi arabia. they could become the majority shareholder. lucid released a prototype of their car in 2016. they are privately held.
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it will cost $100,000. they hope to start production in arizona some time this year. none of that is confirmed. they're taking 2500-dollar deposits, refundable if you're interested. they haven't got off the ground yet. the fact that saudis are showing interest is perhaps a slight to tesla, or could be the saudis letting this news out to get a better deal at tesla. who knows not to be you know skeptical. stuart: i notice that tesla' stock came back a bit. opened down about 15, 300-dollar a share. they regained that turf, but nowhere near 420 bucks to take it private. ashley: nowhere near. neil: -- stuart: more on the crisis in venezuela. it is leading to rise in privacy, believe it or not. "pirates of the caribbean" is back. we've been talking about the trucker shortage on "varney" company and now the shortage of rigs as well.
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plastic straws, paper straws are now the thing. my staff tells me they start to crumble before you even finish the drink. ashley: oh. stuart: talk to the biggest paper straw producer of them all. i want to know if this is being fixed? crumpleed paper straws. we deal with all on "varney & company." this is the second hour thereof. ♪ the fact is, there are over ninety-six hundred roads named "park" in the u.s. it's america's most popular street name. but allstate agents know that's where the similarity stops. if you're on park street in reno, nevada, the high winds of the washoe zephyr could damage your siding. and that's very different than living on park ave in sheboygan, wisconsin, where ice dams could cause water damage. but no matter what park you live on, one of 10,000 local allstate agents knows yours. now that you know the truth,
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games. i thought videogame addiction is big deal. ashley: it's a big deal. continue to make new content, make the games more compelling, more enthralling, becomes a problem for especially young males who spend all day playing these games. don't forget a lot of games are free. available on multiple devices. they double up as social networks. now the world health organization added gaming disorder to the updated version of the international classification of diseases. this is an actual does, they're making it more difficult to stop? ashley: to turn it off. because of the new content. the way games are designed. if you don't carry out playing, you will miss out, become psychologically -- the problem is, people get truly addicted. reportedly giving up on interests and activities and overindulge. stuart: i heard of this. this is real thing. ashley: play all day long. they have no interest in anything else. be honest, the game makers that
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are the way they are designed, to keep you hooked. stuart: of course it is. ashley: now a disease, gaming disorder. stuart: shall i change the subject? ashley: please. stuart: the trucking industry is facing a shortage of drivers and big rigs as well. come in please an old friend of mine, bob costello, the chief economist with the american trucking association. full disclosure, i know this guy for 20 years. i know is pretty good. welcome to the show, bob. >> always good to be with you, stuart. stuart: let's get right at it, i'm told there is a truck driver shortage. i think that shortage, very find hard to find guys or ladies with truly clean license these days, am i right. >> we are shot 50,000. last year it was 51,000. we ask them do you get applicants. but because of driving records, criminal records or inability to pass a drug test, they can't hire the vast majority of them.
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we don't want them to hire those people, right? we want them to be very choosy. >> i think you have to make some accommodation because if marijuana is legal, recreational, in a variety of states, you're going to come up against the problem of guys and ladys who have been using marijuana think they're perfectly fit to drive a big-rig. >> we don't certainly want that to happen. anywhere close to driving their big-rig. here is another problem, stuart. you know in order to drive interstate freight in the u.s., across state lines you have to be at least 21 years old. now not every 18, 19, 20-year-old is ready to drive a big-rig. if you did extensive training, loaded the truck up with technology who is to say we shouldn't at least be looking at that studying it and doing pilots. i think we're at the point with the driver shortage we need to at least consider that. stuart: i always thought of the trucking industry, you're the economist for the trucking industry, i always thought of you guys as a terrific indicator of the state of the economy
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because you move stuff around the country. how much stuff, where it's going. are we in a boom, our economy at the moment? >> you're exactly right. we haul 70% of all the freight tonnage. let me tell you freight is strong. so far this year the truck tonnage for first half of the year is up 8%. almost four times better than it was during the same period in 2017. you know, people are buying things at the store. we're building more homes and factories. factories are producing more. you take all of that, we're hauling a heck of a lot more freight. stuart: am i right to say if i wanted to buy a big-rig today, take delivery tomorrow, couldn't do it? i couldn't wait until next year to get that big-rig, is that accurate? >> it is. we're ordering a lot of trucks for a whole host of reasons of the economy is strong, to recruit drivers. come work for me, i put you in a brand new truck. because more fuel efficient but also because there is a huge
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queue for them. if you order a truck today, it will be six to nine months before you take delivery of that truck. i will tell you though, we're not adding capacity to the industry. this is so much of this is just replacement of older trucks. stuart: fascinating. great to see you again. don't be such a stranger on the show. come see us anytime you like, bob costello, appreciate it. >> thanks, stuart. stuart: my team will actually let me talk soccer. cristiano renaldo playing for the italian team uventus he is getting a huge tax break to do it. why we talk about soccer because it is about money. ♪ i don't know why i didn't get screened a long time ago.
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we're all under one roof now. congratulations. thank you. how many kids? my two. his three. along with two dogs and jake, our new parrot. that is quite the family. quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me before. well your situation's totally changed now. right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now and as your needs change from td ameritrade investment management.
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stuart: what's gold doing when the dow is up over 100 points? i tell you now it is up eight bucks but still below $1200 a share, 1192. tyson foods agreed to buy keystone foods for more than two billion. keystone by the way is major supplier of chicken nuggets to mcdonald's and other companies. >> here is sports. renaldo placed his first big match joining juventus in italy and they are giving him a big tax break. come on in amy kellogg from london with more. what is the story, amy. reporter: hi, stuart. italy apparently decided no better way to woo people with a tax break. cristiano renaldo is is the first high-profile person to take advantage of the new tax regime. he signed signed wither to renod
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team with fiat, $134 million next. that would have been taxed at a rate 43%. here is the deal. he only has to pay 100,000 euros. 11thousand dollars that is on his earnings around the world, endorsements, that kind of thing. last year, those believed to have been $47 million. we don't know how much the tack break influenced renaldo' decision to move but in italy there has been a lot of talk just how sweet this deal is. we asked an italian tax lawyer if italians actually resent outsiders being given this advantage, this flat tax. he said no, such newcomers will bring money into italy. >> he is a new resident and can pay new taxes. the other issue is the following if these kind of people come to it to italy, the new people can
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make new investments in italy. reporter: the first 24 hours after renaldo's signing, juventus sold 500,000 t-shirts with his name at $119 each. renaldo has a tax problem in the last home of spain he will have to pay $22 million and a fine for alleged tax fraud. he will need all the breaks he can get. he didn't score a goal in his first big series a game over the weekend but he is still considered a very good investment. he is one of the most popular people in the world as well, with 300 million followers on twitter. stuart: amy a wonderful thing, when the europeans see the light, lower taxes, bring them in. they have seen the light. thank you, amy kellogg. that was good. thank you very much indeed. here is what is coming up for you, twitter's jack dorsey, facebook's mark zuckerberg addressing conservative censorship this weekend after
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the p trump called out their companies. here is the big question, do we want big tech to be in charge of our free speech? alexandria ocasio-cortez, is getting heat for banning press from a town hall. i can't believe this. but even from "washington post" had a problem with that. that must be serious. we'll be right back. ♪
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♪ lucy in the sky with diamond stuart: we ran it a couple months ago. it was risque of course. i do like it.
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it is brilliant. superb song. whatever. ashley: whatever. stuart: look at this. we're up 111 points on the dow jones industrial average. look at lucy. 25,780. i will take that. it is called a rally. we look that. big tech though, all of them are down. the growth in this market is the second and third tier companies. the s&p is up very nicely. but facebook, amazon, apple, alphabet and microsoft are down. still on big tech, jack dorsey admits twitter employees are left-leaning. facebook apologized after prager university, that is a conservative website, said some of its content had been removed. look who is back, ian myers, news picks, ceo, which by the way is a alternative kind of platform. >> for all voices and all views. stuart: all voices and all views. okay. i don't see why these big tech
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companies, facebook and twitter in particular, should be the arbiters of my free speech? >> there is a technical argument so to be made, free speech only applies when the government tries to censor somebody's voice, the reality, turning off and on different profiles can have a massive impact. not only shouldn't they be doing it but they're very bad at it. this is terrible thing to see. stuart: i don't think they can do it. >> too hard to please. but i will point out one of our users who left a comment on the jack dorsey story, came in off your show, i'm a conservative, i would rather have jack dorsey stand up and say we have a problem, we know it is a problem where you we're trying to address it. you look at mark zuckerberg, yeah, that happened it was a mistake. we don't have a problem here. so look somewhere else. stuart: this is not your company, these are not your companies, i understand that, do you think we should have absolute free speech? what you want to put on facebook, you put on facebook,
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anybody can say what they like about you? free speech. >> i think we should have free speech. if you link directly violence because of things posted and we need to ream init and those should be case-by-case basis. stuart: what about your sensitivity? not yours. we have 2 billion people out there, we have to be ultraconscience of their sensitivity. what happens if i offend them? >> you don't have to listen. facebook, you can follow the people you want to follow. you don't have to follow the people you don't want to follow. the same thing for twitter. stuart: you've got a site that is somewhat like a social network. you accumulate points of view, don't you? >> yes. stuart: you put them out there. >> they're all on the same stream. that is the difference. on news pics it is an app, stories come together. people comment on the stories all in the same stream. so you can see the conservative perspective, you can see the liberal perspective, you can see the middle ground. i'm enlightened any day looking
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at viewpoints i'm not exposed to on my social networks because i don't have one specific camp that i follow. stuart: newspicks.us. >> at the app store, one more for you. techie kind of guy. >> i would like to think so. stuart: you are. >> don't let the suit fool you. stuart: suit? >> jacket. foreto the my tie today, stuart. stuart: tesla, elon musk, he is running a huge corporation and his emotionally, seems to be disturbed in some ways. >> having some problems. a rough year. stuart: that is the least of it. do you think he should keep his job. >> absolutely. absolutely. tesla is a visionary company. what they're trying to build is a massive lift. the same thing for his other company spacex. i don't agree with the fact that he is going out and tweeting all these random things that may or may not be violations of current regulations or may or may not be
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damaging to shareholders and the board. he should definitely be in charge of the company. he built it. he knows what he is doing. it takes his kind of personality. make sure he doesn't go off the rails like he did last week. this is the conundrum. they're trying to recruit a second-in-command to prevent some of this. that is a great move. take pressure off him. make sure it doesn't happen to him. stuart: they should shunt him off in the corner office. be a visionary all day long. >> i heard he sleeps on the couch. stuart: let's have somebody that knows something about car companies. that is my opinion. ian myers, newspicks.u.s. go to the app store. i'm sure that will be commissionable. >> thank you, stuart. stuart: politics, let's get to it. democratic socialist, alexandria ocasio-cortez called out by by "the washington post," a reporter thereof, after she blocked press from attending a town hall event. here is the reporter's tweet.
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ocasio is in for a rough time on capitol hill where reporters roam freely at all hours of the day and night. if this is her attitude towards the press, i get that is not what this is -- ashley: attitude towards the press. >> her attitude toward the press. kevin jackson is with us. fox news contributor. seems to me alexandria ocasio-cortez is not prepared for what she is about to get in there, what do you say? >> very good spanish access, stuart. stuart: trying. >> you sound like tony montana. the cockroaches are shining the light on them. stuart: careful, kevin, you're on dangerous ground. >> no, let me tell you something, when ocasio-cortez doesn't want people to see what she is saying, that is very telling. given the level of intellect and responses in some. interviews, i don't plame her not wanting the media there. this is par for the course. the democrats claim they want
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openness and transparency and then they do the very thing that they accuse the left of doing. they said donald trump doesn't want the press, trump will meet with the press anytime anywhere. another point, barack obama essentially tamed the press to say you will do what i tell you to do, or, i will come after you with the full force of the government. he did this in many cases this is not new. this is very much socialist. stuart: it seems like the, these young socialists, they're demanding a safe space. and i think they're taking that from campuses. that seems what it looks like where the debate is free of any conservative, any inquiring mind, any alternative point of view, a safe says for specialism. that seems what they're aiming for. >> very much so. anytime you want to engage a leftist in an open discussion about all of the issues that they claim are plaguing america, they run from it. they don't want to discuss true diversity. they don't want to discuss
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tolerance. they don't want to discuss the police and its impact on the black community, things like this. it is one way. i call it the cocoon of ignorance, stuart. this is what happens whether it is in academia or whether it's in hollywood, they only hang around people and discuss the things they want to discuss and if you're a contrarian in any way, shape or form, these people will crucify you. i will tell you, from the academic perspective we've got a group called seeking educational excellence.org looking at this from academia, where you say anything contrary to the social justice agenda you are persona non grata in the academic world. neil: i think it has been that way for some time. kevin, thanks for joining us. come again soon. >> my pleasure. stuart: this movie, crazy rich asians, made a killing at the box office. how much did it bring in. ashley: $25 million over the weekend t was released five days
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ago, already raked in 34 million. took 30 million to make. so they're making a nice profit. this is a romantic comedy based off a book. it is first hollywood english language movie to feature all asian cast. first one was joy luck club. huge success for this movie. stuart: on the other hand kevin spacey -- ashley: the good, the now the ugly. stuart: came out this weekend. >> $425. stuart: i kid you not, how many screens? ashley: eight, eight. released on demand to video, what on earth you tried to release any screens. they released it on eight cinemas this past weekend, bringing in measly $425 at the u.s. box office. billionaire boys club. we know the background to kevin spacey. he is being replaced in "house of cards" and replaced in other movies he is making since
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allegations of his assaults. this is example of eight screens, 425 bucks, not very good at all. stuart: as bad as possibly could be. i would say. real life "pirates of the caribbean." this is leading to a rise in piracy. a school district in colorado switching to a four-day school week to cut costs. it is really angering some parents. we'll talk to the superintendent who led that move to a four-day week in our next hour. more "varney" still to come. ♪ ♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage.
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♪ ashley: as venezuela collapses james freeman of "the wall street journal" told us last hour there is a lesson for young socialists here in america. roll tape. >> he is so crushed civil society, people are afraid to protest often, even though the conditions are miserable. there is no power. there is empty shelves, a lot of places lack of running water. he still has a very well-armed military. to the extent they continue to be with him, he may hang out a long time. but this is really, you know for all these kids who are thinking socialism is wonderful, we're
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watching this real time tragedy unfold there and it is, it is misery and, i can't, i can't predict when it will end because sometimes oppressive regimes can hang on for a very long time. ♪ this is not a bed. it's a revolution in sleep. the new sleep number 360 smart bed is on sale now, from $899, during sleep number's 'biggest sale of the year'. it senses your movement, and automatically adjusts to keep you both comfortable. it even helps with this. so you wake up ready to put your pedal to the metal. and now, all beds are on sale. save 50% on the new sleep number 360 limited edition smart bed. plus 24-month financing on all beds. only for a limited time. sleep number. proven, quality sleep. used for batteries frome teexpired oil wells. mgx's new - pilot plant aims to produce lithium-carbonate one hundred
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stuart: the price of oil is $66 a barrel. the price of gasoline is edging down. 2.83 is the average for regular now. good numbers from estee lauder. sales increased 14% and declare ad quarterly dividend. the stock is up 3 1/2% at 140 bucks a share. stuart: getting back to venezuela the coming collapse, it has led to a surge in piracy in the caribbean. two year study, recorded 71 major incidents of piracy last year. done bramen, former intelligence officer. 71 incidents of piracy, we're talking about caribbean, that ising big area. this is this a new thing? >> it's a big thing. if you look at the collapse of the venezuelan government and collapse of surrounding islands, as inflation turned to million percent, they are turning to barbarism and piracy like in the
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17 hundreds. people are desperate and looking for money. they're just looking to survive. stuart: literally around the coast of venezuela, any kind of shipping, especially smaller boats, they just board them and seize them? i mean do they kill people? >> you know, as i said the barbarism people are seeing, i read a report two days ago this young fishing family were doused with diesel fuel and set afire and thrown in the water before they took their boat. these are the things that you saw during the days of blackbeard. now we're coming forward and they're stealing boats. they're murdering, they're robbing. all these things moving forward and in some cases even venezuelan coast guard because of their paychecks are worthless. so now they're boarding ships to just survive for money and food. stuart: this is not going to end anytime soon? >> well, not as long as this president is in place, president maduro. the inflation for that area has skyrocketed and what many sphere is that, you know, once the
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local boating community, fishermen, they're not profitable anymore, that the pirates will go further west. so much so, that a lot of larger vessels are anchoring themselves far out to sea, turning lights off lest they become victims. stuart: what do you think america should do? >> you know the biggest part of this i don't think anyone in the world community will ever take note of this until we see a huge increase in insurance claims and the cost of goods increase. that is a sad thing. would i like to see our coast guard get involved. as far as venezuela, i don't think there is a lot to do but we have to protect our waterways. stuart: collapse is imminent? >> i would say at some point, when that is, i don't know. stuart: okay. thanks for joining us, sir. always appreciate night always, stuart. stuart: "pirates of the caribbean," who would have thought we would talk about that but we are. thank you very much. see you soon. we did have a gain of over 100 points. it has been pared back. we're up 73, still at 25,700.
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coming up, plastic straws, they will be a thing of the past. we're all paper now or trying to be. we're talking to the nation's biggest manufacturer of paper straws, i want to know can you keep up with demand, and will they stop crumbling after a few minutes in my drink? we'll be back. ♪
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stuart: we were up 120. now we're up3. next case, this has been the summer of the plastic straw ban. businesses, cities around the country trying to kick them to the curb. to be more environmentally friendly and use paper straws instead of plastic. come on in, the hofmaster group. you make paper products. you just bought the country's biggest paper straw maker. welcome to the show, rory. you know what is coming at you, don't you? >> i do, stuart. stuart: here i comes. you know this. everybody i talk to about the plastic straw versus the paper
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straw says a paper straw falls to pieces after it has been in your drink a short time. your response? >> they need to use an aardvark straw, stuart. we have proprietary method which will allow them to last in your drink as long as you need them to. stuart: wait a minute, you have a coating on the outside of your paper straw, haven't you, the aardvark straw as you call it? >> that's correct. that's a big part of what allows it to last the right amount of time in a drink. stuart: is that so difficult from a plastic straw? >> he will with the difference between a plastic straw and a paper straw really is how they break down once they have been, once they have been used, particularly in marine environment. plastic straws do not, do not degrade. end up in our oceans and our fish end up eating them. then end up back in the food stream whereas an aardvark paper
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straw is 100% biodegradable and more environmentally friendly. stuart: if i go at my milkshake with an aardvark paper straw i get all the way to the bitter end of the milk shake without the straw falling to pieces? >> absolutely, stuart. you want to use an aardvark colossal straw which is appropriate straw for a milk shake. stuart: okay, let's get serious. they are trying to ban plastic straws all over the place. everybody is going to the paper straw. can you up with demand. >> we're definitely behind the curve. we announced plans to increase capacity 400% over the next four months that will involve new equipment brought into our facility in fort wayne. and weville a improved plan at our manufacturing site and improve waste and increase current out put of equipment. stuart: you can not keep up with
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demand but you plan to in the future? sounds like what it is. >> we think by the time -- stuart: i just want to ask you about the price. i'm pretty sure, i don't know for sure, but i'm pretty sure if i go out and buy plastic straws in bulk i can get one straw for a tiny fraction of one cent. can i get a paper straw, an aardvark straw for one fraction of one cent. >> you can. an aardvark paper straw on average costs two cents. whereas a plastic straw you mentioned just under a penny. there is a premium that's paid but we're talking about one penny. stuart: did you put any money into the fight to ban plastic straws? >> no. we've not. we have, we do have relationships with some of the environmental groups that are involved in that but we've not made financial donations. we're making our investment in manufacturing equipment and in
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people to make great product. stuart: okay. rory leydon, ceo of who have master group. i think you will pretty much a monopoly terrellly soon. i hope you like that. >> that would be great. thank you, stuart, for your time. stuart: good to see you, rory. great stuff. we have time for this one. nfl, the espn, the broadcaster, made a decision to the national anthem, about covering it. what will they do with it? ashley: they will not show the national anthem in "monday night football" broadcasts which gets back to standard operating procedure, and gets back to fan as desire. this is made knee laugh. their president said espn is not political organization. it is not our job to cover primarily politics but we will cover the intersection of sports and politics. decided the es about thing is to not show it.
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stuart: duck the issue. ashley: duck it. stuart: we've come back from a better than substantial 100 point gain. look at tesla. that has come back. it was down 17, 18 bucks. now it is down $2. now above $300 a shire. my opinion, i think the media is ignoring the most important story of the decade, that is the trump economy and america's return to prosperity. my editorial on that is next. ♪
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insured by united healthcare insurance company might be the right choice for you. a free decision guide is a great place to start. call today to request yours. so what makes an aarp medicare supplement plan unique? well, these are the only medicare supplement plans endorsed by aarp and that's because they meet aarp's high standards of quality and service. you're also getting the great features that any medicare supplement plan provides. for example, with any medicare supplement plan you may choose any doctor or hospital that accepts medicare patients. you can even visit a specialist. with this type of plan, there are no networks or referrals needed. also, a medicare supplement plan goes with you when you travel anywhere in the u.s. a free decision guide will provide a breakdown of aarp medicare supplement plans, and help you determine the plan that works best for your needs and budget. call today to request yours.
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let's recap. there are 3 key things you should keep in mind. one: if you're turning 65, you may be eligible for medicare - but it only covers about 80% of your medicare part b costs. a medicare supplement plan may help pay for some of the rest. two: this type of plan allows you to keep your doctor - as long as he or she accepts medicare patients. and three: these are the only medicare supplement plans endorsed by aarp. learn more about why you should choose an aarp medicare supplement plan. call today for a free guide. stuart: yet again the media has ignored what i think is the most important development of the decade; that is, america's return to prosperity with a dynamic, growing economy, a raging bull market in stocks and a super strong dollar. that's a big story. the media is obsessed with the
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mueller investigation. they really hope he can find dirt on president whom they hate. and look what, look what they've ignored. the booming economy. how many times have we brought you headlines about growth, confidence, optimism, the sharp rise in incomes for workers with skills, the millions coming off the sidelines to get a paycheck? you don't see much of that on the nightly news or the front page. oh, no. that's a plus for trump. can't show you that that. on wednesday the runup in stock prices will reach a record 3,453 days, the longest bull market ever. of course, you've been told that ordinary people don't share in the market rallies. oh, no. that's nonsense. 55 million americans have a 401(k), and they have done very well from the market rally. and that strong dollar, that attracts money from all over the world. money is pouring into america, and is we all benefit -- and we
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all benefit. we don't know when the economy slows or when the market retreats or when the dollar lose ares some ground. but unless there's a huge and unforeseen development somewhere in the world, things are looking pretty good for the immediate future. that should be known, and it should be celebrated. instead of bottom fishing with mueller, desperately trying to run our president down, the media should be covering the news that touches all of us. but they've missed it. they've missed it deliberately. to repeat, america is leading the world on the return to prosperity, and that is the biggest story of the decade. i think it will take the media a decade to recover. [laughter] the third hour of "varney & company" is about to begin. ♪ ♪ stuart: 91 minutes in, we are 60 points up for the dow. pretty even split between losers
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and winners among the dow 30. i really want to get back to my little rant on the economy. look who's here, scott martin, fox news contributor. look, scott, we've got the longest bull market ever, the economy is in great shape, i think. i mean, disagree with me if you like, but i think this rally keeps going. what say you? >> i agree. a good friend of mine called this a summer rally. i couldn't agree more. stuart, you called it a rant. i would call it a dose of reality, some real common sense here, because you're right! i know firsthand, i mean, 401(k) balances, the media says that america's not sharing in this prosperity. get out of town. we manage 401(k)s for people, individual accounts for people. 401(k) balances are at record highs, my friend. don't tell me that some the trump policies, some of the economic developments -- yes, maybe some help from the easy money at the federal reserve which is going away, by the
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way -- have not transpired into the wallets or not at least taken place into the wallets of the american people, and that's really what we should be celebrating here. stuart: we've got this report from towers perrin, a manpower kind of organization, a statistical kind of company. they say that workers are about to take home their biggest paychecks in years. in other words, big pay raises are coming for lots of different sections of our society. okay, if that's the case, where would you tell them to put their money? >> so as far as stocks go, it's interesting, you know? i love the summer rally, and i don't want to spill the party punch here, but for me in rallies like this where, you know, we're getting up to midterm elections, you're talking about with some of the guests about what the next risks are, stuart, to the market. i believe it's midterm elections. i believe it is a possible policy mistake from the federal reserve if they raise interest rates too fast. so i'm not chasing some of these high-tech nails that we already
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own -- names that we already own, by the way. i'm look at john deere & company, alibaba -- stuart: let's deal withal hi baba. i put that on the screen. why do you like it so much, alibaba? >> well, two reasons. one, i believe the selloff's been overdone. the stock was at $200 a couple times this year, and it's been absolutely smoked in the last couple months, worries about the trade wars, chinese economy may be faltering. but let's face it, alibaba is a dominator. it's almost amazon-like with all they do with the cloud and so forth, e-commerce. to me, this stock has been thrown out with the bath water and the baby and the rest of the family for that matter. to me, this is a good buy especially ahead of earnings and the fact that it seems like this one's been taken down with all the hate on china. stuart: now tell me about john deere. full disclosure, i've got a tractor, and i love the thing. why to you love the stock? >> one of my best memories was riding a john deere tractor with
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my dad growing up. i'll tell you what, recent earnings were okay, a little bit of a mixed up in the trade wars. just looking at the chart recent wily and how it's defended some of these recent lows, especially vis-a-vis it would have had some months ago, i believe john deere is ready to make a move back up especially if some of these trade wars, hopefully, get alleviated. stuart: scott, thank you very much for being with us. >> see ya. stuart: next one. new york governor cuomo doubling down on his attacks on president trump. this was over the weekend. he called the president, quote, un-american. cuomo also said trump promotes sexism, racism, bigotry and intolerance. joining us now, the former lieutenant governor of new york, betsy mccaughey. >> oh, he's going to pull out every nasty accusation he can, because he's got to keep the attention off the corruption in new york state. stuart: tell me about it. >> we've just had four
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corruption trials in this state leading to four convictions of top officials including the man that andrew cuomo has always called his brother, his close lieutenant. so this man, cuomo -- who aspires to be a presidential candidate -- can't let the nation look at those trials. he's got to zing it back at trump instead. stuart: but he's going to win. any way you slice it, a republican cannot win a statewide election in the state of new york. >> you're looking at the wrong election, stuart. the fact is, of course, he's faired to win the new york state -- faired to win the new york state gubernatorial race year. he's looking ahead to 2020, and what is he going to do if his record is so tainted by corruption? he's got to keep our eyes off those convictions. stuart: i think that this id politics, identity politics where you single out groups of people and call them victims, i think that really sets people apart, i really do.
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that's divisive in the extreme. >> extremely destructive. but wait for trump to turn on andrew cuomo. trump has a skill of tagging people. remember crooked hillary? well, it's going to be corruption cuomo soon. that's all you're going to hear. right now he's calling him high-tax andrew, and we know that's true. new yorkers must be in a stupor to keep voting for the democratic party when everyone's leaving the state because of high taxes. stuart: betsy, you know as well as i to that new york state is split, absolutely split. you've got long island, new york city, westchester county solid democrat, absolutely solid democrat. the rest of the state, all the other upstate -- >> and suffering. stuart: and suffering mightily, they are largely republican. >> that's right. stuart: numbers in the southern part of the state outnumber those in the northern part of the state. >> that's right. stuart: cuomo wins. >> let me just point out -- you're right, he's favored to win. everyone considers it a solidly blue state. but there are eight lines on the ballot. i was talking to the gop chair
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saturday night, and we were reminiscing about what it was like in 1992 when george pataki and i unexpectedly defeated andrew cuomo's father, right? and the fact is that the progressive or left-wing vote is divided this year among several ballot lines. cuomo will win the primary a couple of weeks from now, but cynthia nixon's going to have the working party's line. you name it, there are all these lines, and enough voters on the left may distribute their support to weaken cuomo. there's some chance he could take it. it is not likely, but it could happen. if you believe in the tooth fairy -- [laughter] stuart: grasping at paper straws. [laughter] >> as opposed to plastic, right? you know, a penny on every drink does make a difference, sorry. [laughter] stuart: especially if you're the guy who runs the business. betsy, thank you for joining us. always appreciate it, thank you.
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all right, some individual stocks that are in the news, and we're going to bring you the news on them. first of all, tesla. there's another battle over the weekend between about what he should be doing, that would be elon musk, and he says he's going to keep up with his own work habits as they are now. the stock's down $4 at 300. earlier it had been down to around 288, 289. and jpmorgan says the new price target for tesla is $195, repeat, 195. watch out for that. big stock movement today. check apple, it is at an all-time high. it also removed thousands of illegal gaming apps from its app store in china. earlier it had reached $218 a share, that's the new record. amazon launching a new nationwide ad campaign for its music streaming service. it's struggled to compete with spotify and apple on music streaming. it's coming back with an ad campaign, the stock is down $5. other stories in the news, former cia director john brennan
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says he's considering legal action against president trump after he revoked his security clearance. we'll deal with that. national security advisor bolton, he's in israel meeting now the with benjamin netanyahu. iran is the focus of those talks. what does israel want from america? and listen to this, a new cbs poll shows democrats would take 222 seats in the house if the midterms were held today, and it may have to do with the women's vote. we're on that one too as the third hour of "varney" rolls on. many. ♪ pah! that will never work. no, no, no, nah. a bulb of light?!? aha ha ha! a flying machine? impossible! a personal' computer?! ha! smart neighborhoods running on a microgrid.
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a stadium powered with solar. a hospital that doesn't lose power. amazing. i like it. never gonna happen.
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stuart: i'm going to update some foreign stories which could well affect us here. first, venezuela, president ma door dropping the -- maduro,
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it'll be 60. they think that will stick. i'm not so sure. [laughter] and by the way, they're raising the minimum wage 6,000%. okay. you are the or key -- turkey, someone fired several gunshots at the u.s. embassy in ankara. they hit a window in a security cabin. nobody hurt. more from turkey, the white house reebb jekylls a turkish offer to release the american pastor in exchange for forgiveness of billions of dollars in fines on a turkish bank. president trump says he's not going to make any deal of any kind until the pastor is set free. now this, national security adviser john bolton is in israel. he's meeting with prime minister netanyahu. iran is the focus. joining us now, david rubin. come on in, david, because i want to know what does israel want america to do about iran? just stand with our backs behind israel, is that what you want?
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>> well, that wouldn't be too bad. [laughter] look, bolton and netanyahu have been having some very intense discussions, and basically they're talking about iran, iran and iran. there are some things that america's very concerned about, and they're basically the same things that israel is concerned about. stuart: david, if i'm not mistaken, israel wants american military support should america and israel and saudi arabia together decide that military action is required against iran. that's what you want from us, i think. >> well, i think passive military support would be very good as well. look, israel knows how to do what needs to be done if military action is needed. but right now there are problems on several levels that are much more immediate.
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right now we have a problem of iranian meddling in the american elections. in -- stuart: wait a minute, hold on a second, david. i know you can't hear me very well, but iran meddling finish. >> i do. stuart: -- with american elections in 2016? >> correct. stuart: we've not heard much about that. what did they do? >> correct. secretary boltons has expressed concern -- bolton has expressed concern that there are several countries that are trying to meddle in the american midterms. and one of them is, obvious, russia and the other is north korea, and the third one is iran. and this was expressed by secretary bolton, not by me. and then in addition to that, there is obvious concerns about the iranian nuclear program and the iranian ballistic missiles program. and in addition to that, of course, the iranian involvement in syria which is a big topic of
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conversation right now. stuart: david, let's get right down to it. you probably can't tell me, but i'm going to ask anyway. do you think john bolton is meeting prime minister netanyahu to plan an attack on iran? >> i, i am absolutely convinced that that topic does come up in the conversation, yes. stuart: i want to bring this to your attention. >> i'm -- it's not the only thing, stuart. stuart: i understand. >> as i said, there are a lot of issues. stuart: that is a big deal though, that's a very interesting point of view. i want to bring this to your attention. a new report claims president trump told jordan's king abdullah that a one-state solution between israel and palestine could lead to an israeli prime minister with the name mohamed. what do you make of that? [laughter] >> well, trump has a great sense of humor, but the humor is obviously based in a little bit of truth. if you look at the u.k., look in
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england, the most popular -- the most popular name among british babies was muhammad. so i think that says something right there about the problems in europe where the muslim population is growing in leaps and bounds. but if you look at israel, i'm less concerned. there, you know, in israel the two-state solution is a non-starter, okay? the arabs already have 20-plus countries. they don't need another country. and, in fact, giving them another country in the heartland of israel would be a disaster. what's needed is, yes, a one-state solution in which israel has total sovereignty over its country including judea and sumeria, the so-called west bank. and i think that's the solution. i'm not worried about the arab birthrate. this year, stuart, this year --
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well, actually last year the jewish birthrate after 19 -- since the 1940s for the first time the jewish birthrate is higher than the arab birthrate. so i'm not concerned about any population demographic threat. stuart: okay, david, we'll leave it at that. david rubin, thanks for joining us. >> you're welcome, stuart. stuart: a couple of different markets. the price of gold this morning is up $9, still shy of $1200 an ounce. the value, i should say, of bitcoin at $6,400 as of right now. the price of oil, i believe, still at $66 a barrel? yes, it is, that's right. but nationwide the price of gas is beginning to come down a little, not much, $2.83 is your national average for regular. and then there's netflix, canceled anti-trump comedienne michelle wolf's new show. it's only been on the air since
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may. remember, she insulted sarah huckabee sanders' appearance at the white house correspondents dinner. you'll soon be able to drive around like james bond. aston martin selling 25, the same car sean connery drove in "goldfinger." the car will come with gadgets like a flipping license plate. each one will cost $3.5 million, but here's a big but, they will not be street lee legal. first customers will get 'em, db5s, 2020. what shall we show you now? austin, texas. sure looks hot to me. ♪ ♪
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dropping the , it'll be 60.
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stuart: a couple of stories on netflix. first of all, they've canceled that lady's show, comedienne michelle wolf. that show has been canceled. was this because she's controversial? ashley: well, we don't know. it's only debuted, as you said, back in may. she was controversial at the white house correspondents' association, really going after sarah sanders. in fact, the white house correspondents, if you remember, had to issue an apology for some
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of the rhetoric that michelle wolf used. the interesting thing is though, netflix does not provide viewer numbers, so we have no idea. suffice to say, if it was generating big numbers, surely it wouldn't be canceled. stuart: there's another one, and this caught my attention, they're testing ads for binge watchers. hold on a second. wait a second. if i've got netflix, i've got it because i don't have to watch ads. ashley: that's what you paid for. stuart: exactly. if i'm binge watching whatever it is, i don't want to see ads popping up. ashley: no, and already netflix is getting an earful from some people who say, wait a a minute. as you binge watch, one episode finishes, all of a sudden what the ads are, they're for other shows that netflix produces. their original content. which is okay but, again, you don't want to be slowed down in the binge-watching process. netflix says it's just a test, and they want the find a way, quote, for people who enjoy netflix to find other shows faster and quicker. yeah, whatever, we can always search.
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the bottom line is people who binge watch not thrilled by this. but you can skip those ads, although they don't say e how. stuart: i like what you said about the binge-watching process. president trump is getting ready to propose new rules to help the industry. jeff flock is in illinois, we'll meet him there next. show me san diego -- ashley: the money? is. [laughter] stuart: that's interesting. it's normally 72 and sunny. today it's 72 and murky. ashley: hazy. ♪
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stuart: pretty solid gain. the dow has been up sick out of the last seven weeks. it opened up this monday morning right now up 84 points. now look at apple. earlier it hit an all-time high, $218 a share. obviously pulled back a bit since at 215. look at the s&p. this is broad market indicator. fractional gain at this point. it had been up earlier. same story with the nasdaq. pretty much a fractional gain. in fact it is on the downside, losing 1.2%.
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i got to check tesla. it is holding right around $300 a share. it had been much lower earlier. jpmorgan says it could fall to $195 per share. big pressure still on tesla. president trump, he wants the justice department to sue the opioid makers. joining us now the lieutenant governor of arkansas tim griffin. sir, you, your state, you sued the opioid companies earlier this year. what are you hoping to get out of the suit? do you want them to stop making opioids completely? >> well, here's the thing. first of all i'm all for people who have done wrong, have deceived, whatever being held accountable and there is a role as you know for prescription opioids but let me say this. litigation takes years. we have a crisis now. one of the things that needs to be emphasized, and the president hit on this in the, when he was talking to the press and talking
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with the attorney general, and that is, the role of china and mexico. what started out as a prescription drug predominantly, a prescription drug problem, is now both a prescription drug problem and analyst it drug problem. in fact, the growth in the opioid problem is not own the prescription side. on the prescription side as we've taken step and awareness has increased, that has decreased in terms of the folks of individuals dying. the prescription, the illicit trade, particularly the illegal synthetic opioids coming from china and mexico is where the problem is growing. stuart: wait a second. how does it help the opioid crisis if you sue the opioid makers who are making the stuff and it is used in america, how
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does it help when the real problem as you have expressed it in the opioid stuff that is being made in china and mexico? >> well, i think you have got -- first of all the way you deal with the immediate crisis is, we're going to have to take it to the drug smugglers. we talked about this, and the drug trade, just like with a lot of other deadly drugs. we talked about this on a previous show. i have a personal connection. my brother after surgery gone badded that to deal with the prescription drug side. to your question, like i said, litigation will take years and i'm all for, to the extent people are found to have deceived or misled or whatever, that's about accountability. but that is obviously not going to stop people. litigation that ends in five years is not going to do anything about the people dying
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today. stuart: litigation if successful will take the opioid makers for billions and billions and billions of dollars. >> sure. stuart: okay. so you can use that for treatment, i got that. but the pricep opioids goes back up again. those people who are legitimate users get squeezed. >> that's right. let me say this. the president did mention when he was talking about litigation and lawsuits, he did mention the chinese smugglers, the chinese source of fentanyl in particular. those are the illegal, the illegal, illicit opioids. he did mention that. now, again, litigation takes a long time. i think we need to put the pressure on china, both from a public relations standpoint. stuart: yeah. >> because we need to be dealing with the chinese government. the chinese government knows
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they have got to know, where the stuff is being manufactured. stuart: sure. >> where it comes from. stuart: you got it. >> so this is a complex problem with a lot of different parts and i'll just say this, just like with the meth crisis, as we started to deal with it here domestically the mexican drug smugglers saw an opportunity and they increased their activity and supply. that is what is happening here. as we start to deal with the prescription drug part, the illicit part is increasing. stuart: build the wall. tim griffin, thanks for joining us from arkansas. we appreciate it, sir. >> thank you. >> now, we've got the dow industrials up 182 -- 82 points. that is the market backdrop. what you're seeing on your screens john brennan. he says he might file a lawsuit to stop president trump from revoking his security clearances. by the way the president just tweeted about this and here's the tweet.
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i hope john brennan, the worst cia director in our country's history brings a lawsuit. it will be easy to get all his texts, documents, emails, to show not only the poor job he did but how i was involved with the mueller rigged witch-hunt. he won't sue. fox news senior capitol hill producer chad per -- pergram much chad, spell it out as weedily as you can. to help hillary and? >> they're looking at scope of the fisa application to surveil carter page. we learned about that a month ago. this is tied to the christopher steel dossier. this is why the chairman of the house judiciary committee bob goodlatte would like to have brennan come testify sometime this fall. the question about the scope of that fisa application is key because was that tied in some way to help hillary clinton? that is what some republican
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lawmakers are asking. something that will be key in the entire process a week from tuesday, bruce ohr, still a doj official, he will come before the house judiciary and oversight committees, joint closed-door session to talk what he knew and his tie to this dossier. stuart: are we going to find out if there is any suggestion, any truth to the speculation that there was indeed a deep state conspiracy, help hillary, hurt trump? are we going to get mower on this? >> certainly some republicans think. that is why the tuesday meeting next week. democrats do have questions about this as well. there is a little bit of a disconnect between republicans and democrats obviously but there is a question about the scope of this dossier. and that's why some people want to get to the bottom of this. that is why the bruce ohr testimony is so key. keep in mind, john brennan, sometimes he really ticked off democrats. he was the chair, he was the cia director in 2014 when dianne
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feinstein, then the chair of the senate intelligence committee, basically accused the cia of hacking the senate intelligence committee computer. so he is not always on the same page with everybody on capitol hill regardless of party. stuart: he is definitely not on the same page as president trump. that, sir, is a fact. chad, thanks for joining us as always. >> thank you. stuart: president trump will help the coal industry. yeah, help the coal industry. there is a switch. jeff flock at a coal-fired power plant in illinois. jeff this is about rolling back obama-era regulations i take it. can you tell us which regulations are being rolled back? reporter: what the president would do to help plants like the one behind me, still slated to close later this year, probably will still close later anyway, the obama's clean power plan was held up by the courts. in some sense so change there, he would let the states regulate the amount of pollutants into
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the area, as opposed to federal regulation. and that hopefully will help the coal plants. problem is, it is not so much environmental regulation that has been hurting coal-fired plants. if you look at the numbers over the past dozen years or so, it is more market factors. clean, burning, natural gas, cheap natural gas as a result of the fracking boom is what really kicked coal up 36%. natural gas used by power plants, coal, down 36% that even has continued into this year somewhat accelerated over the course of the past several months. i don't know how much this is going to help. certainly politically, it is something that the president wanted to do to fulfill a campaign promise but how much it will help coal-fired plants remains to be seen. stuart: well-said, jeff flock. see you later on today. thank you, jeff. free speech, do we have it, yes or no? president trump slamming social media companies for discriminating against
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conservative voices. we'll tell you what he said. that is coming up next. >> >> alexandria ocasio-cortez the democrat socialist running for congress in new york, banning the media and press from her town hall events. she did it to make sure voters feel comfortable to speak their minds. a safe space for socialism. that's what we need. we're on it. ♪ ♪ 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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>> i'm susan li live on the floor of the new york stock exchange. we're looking at the world's largest retailer walmart after a 10% rally last week. it is own the back of very strong earnings. the biggest sales increase in a decade. walmart wants to get into virtual reality it is. you have to strap on the goggles and gloves in the future of the they filed two patents with the u.s. government. one for a virtual showroom and one for a fulfillment system. this goes in the face of the technological competitors, amazon, going into brick-and-mortar buying whole foods and expanding their footprint whether it comes to physical stores. google opens the first storefront in chicago. this is an interesting strategy from walmart. more "varney" after this.
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stuart: may i draw your attention to the bottom right-hand corner of your screen. the dow is up 101 points. we're back with a triple digit gain. next case, president trump slamming social media companies for discriminating against conservative voices. what did he say? ashley: what didn't he say t was a tweet storm. a issue very close to him.
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social media discriminating against republican conservative voices. censorship is dangerous thing. absolutely impossible to police. they are closing down many opinions of people on the right. while at the same time doing nothing to others. he says many other tweets. too many voices are being destroyed. some good, some bad, that can not be allowed to happen. who is making the choices because i can already tell you too many mistakes are being made. he went on and on. stuart: he is raising the very good question, why don't we have real free speech? ashley: right. stuart: why can't you say what you want to say -- ashley: good and bad. stuart: if you hurt somebody, why can't we say that? ashley: apparently we can't do that according to social media platforms. stuart: i think there are demands we get real free speech. here is another one, democrat socialist, alexandria ocasio-cortez, she is getting a lot of flak because she banned the media at a couple of events. ash, why doesn't she want them there? ashley: she wants to create a
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comfortable safe place for the town meetings. she says it's a safe space for people who may not be used to hoards of cameras coming in. they may feel intimidated. i would suggest she is intimidated. she is looking for safe space from reporters. in the past they said no q&a, no one-on-one interviews. ocasio-cortez has been mobbed by reporters. they didn't want that to happen. roundly criticized from all sides of the aisle. i have a feeling that will not happen again. stuart: we shall see. a new "cbs poll" shows that if the midterms were held today, democrats would win 222 seats. they would now then control the house. it also shows women are more likely to vote for democrat candidate. they have a 12 percentage point margin. got it. joining us now congressman sean duffy republican from wisconsin. congressman, looks to me like the party, the republican party, has a problem with women voters.
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what are you going to do about it? >> back up a second. i don't believe that poll, stuart, that same poll came out a day before the election in 2018 said donald trump would come up short and hillary clinton was going to win. the last poll we came out before we voted in tuesday in 2016. saying we'll lose the house now, i don't believe them. stuart: wait a second, sean. there is a perception that the gop at this moment and president trump have a problem with female women voters. now that is a problem. how are you going to deal with fit. >> hold on a second. so one, donald trump is not on the ballot this november but nancy pelosi is. and when you look at what democrats are running on, they're running on government-run health care and socialized health care. abolishing i.c.e. and having open borders and they want to impeach donald trump. that is not a message that resonates with women. if you're a mom, look it, i have gone to school, they will move out of my basement. they can get a job, pay their student loans, republicans want
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to secure our border. when i fill up my suv with gas, my minivan with gas, i don't send that money to the middle east people that hate us, i send it to north dakota and texas people that love us. if you lose your job -- stuart: if you judge the elections on basis of economics and business. >> i am. stuart: it's a wonderful thing. the fact the president has a certain public persona. he is not liked by many women. when he called omarosa a dog, that did not go down well with women, did it? >> the point he is not on the ballot. a lot of our members in more suburban areas, he is running on their own message. that language they will separate from, the successes we brought to the economy, democrats voted against every step of the way. that is where you get success. i look at the poll, poll donald trump you might have issues with women, but with our
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members who have run, won in tough races in suburban america because they won women because of economy. this poll i think is wrong. we're going to be close, stuart, make no mistake, i think we keep it because we'll be able to have enough resources to show a clear distinction between the vision we have for america and socialist vision that democrats have for america. stuart: i'm with you on that. sean duffy, i'm with you on that. i'm with you on that one. congratulations to your wife a great performer on "fox & friends weekend." she is real good. >> thank you, stuart. stuart, see you again soon. pepsi is buying sodastream. that stock, sodastream, hitting an all-time high on the news. pepsi is really going big time into sparkling water. there is an epipen shortage with back to school right around the corner. some parents relying on expired devices. that is not good. mylan, are they the ones -- ashley: maker of epipen.
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stuart: they're up 10 cents. 38 bucks. we told you about this story last week a colorado school district going to a four-day school week, all part of an effort to save money. next we'll be joined by the superintendent of that school district. i want to know, are parents upset? i got to be believe they're livid. now let's have a look at tampa, florida. ashley: nice blue sky. stuart: i like that. ♪ the with a double palm grab. who has the upper hand now? start winning today. book now at lq.com. used for batteries frome teexpired oil wells. mgx's new - pilot plant aims to produce lithium-carbonate one hundred times faster than from conventional lithium brine.
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stuart: as we told you a colorado school district is going to a four-day week. they want to save money. come on in chris fiddler, suped of schools in the colorado school district known as 27-j. chris i have got to be believe that the parents are mad as hell having to take care of their own children on a friday. they're mad, aren't they? >> first and foremost, we're actually off on mondays. tell you reaction is mixed depending on the students. stuart: come on, come on. i have got to believe that parents are furious about this? >> no. i honestly will tell you, elementary parents were
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concerned about care. we're offering that on feed basis at schools. middle school, high school parents, their kids are thrilled about it. matters how it affects you personally. works for you in your household. generally folks are good. if it doesn't, they're a little upset. stuart: what about the rest, the four days of the school week. is that extended, slightly hour for the four days to make up for the one day they're off? >> it is. we have extended elementary students are going 40 minutes longer, tuesday through friday than they were previously. and then similar for middle school as well. high school is a little harder to get a grasp on that. we've been on split schedules at our two comprehensive high schools past three years. they are running from 7:00 to 5:00 because they don't have many students. if you don't know about our school district, we quadrupled in size since year 2000. we're up 1200 students.
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we're fast growing district in denver metro area. doing the best we can for kids in a helpful way. stuart: i'm not critical at all. i'm wondering what parents will do here. how much money you actually save? >> we'll have to live it, of course this fiscal year, we think somewhere in the neighborhood of a million dollars a year. which on one hand sounds like a lot. 161 million-dollar budget isn't. the greatest savings of transportation. we won't run buses one day a week. slight savings in utilities and substitutes. stuart: i take it you have a lot of inquiries from other school districts around the country? >> you know, we have. i want to point out, to the folks across the nation, not unique to colorado or western schools to be on a four-day week. we are the 100th school district in colorado, out of 178 to move to four-day week. four-day week has been around colorado since the '80s. stuart: i'm supposed to knoy this and i didn't know that.
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you surprised me. that's fascinating. chris come back again. i want to hear how this thing actually works out. ashley: yeah. stuart: we're fascinated by this. crisfielder. thanks for joining us. >> thank you. stuart: big board is up triple digits. not a bad way to go. more "varney" after this. ♪
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and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com neil: there is something i should have brought up in the last interview, ash. >> yes? stuart: the superintendent of schools there, we'll take care of your kids on mondays for a fee. >> exactly. how much? we'll save money and pay pay for our kids not to go to school on
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mondays. a lot of parents are what? now i have child care to worry about for a monday. stuart: i missed it. how much are you going to charge any should have done that we'll have him back, that is a promise. time is up for me. neil, it is yours. neil: thank you very much. we're monitoring developments where we're busy about getting china and u.s. back on some trade common ground. might be wishful thinking. the fact they're talking for the first time, really think about it since last spring could be a positive constructive development. the chinese asked for this meeting. they want to hold off $200 million in additional tariffs and goods would cover everything china makes or sends to this country. it is in china's interests to do that and there is a good deal of pressure we're reading in the asian press how xi xinping is under pressure even though he might be leader for life. there are some caveats to that. you have got to settle this. that is presumably the read.

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