i'm heidi choiniere, and this is my ancestry story. now with over 10 billion historical records, discover your story. get started for free at ancestry.com maria: fright show everybody. as i toss to stuart, i was going to do a few doughnuts but we're out of time. let me show you what 647-horsepower sounds like. have a good show, stu. stuart: you made your point, maria. good morning, everyone. here we go. we have news on trade. the headline, trump auto tariff timetable likely to slip. that europe nafta talks. put that in plain english. a pause in the imposition of tariffs on cars while a new deal is worked out with europe and mexico. we're trying to digest the implications for that. we'll let it sink in. the market, that ignores the

negatives again. stocks keep going up, same again today. worries over china trade or turkey or president trump's latest tweet or trump's political hacking or trump's opinion of the fed. we'll get to that in a moment. none of them positive for the economy. these headlines. none of them positive for america. negatives all. look at this. you're looking at a continuing summer rally. a gain for the dow, s&p and nasdaq they're at or near all-time record highs. that is a rally, a summer rally. yet it is the trump's rally. since his election the value of stocks has gone up over $8 trillion. we consider the return to prosperity the most important of the year. the biggest story the media failed to recover. now let's get to the president and the fed. mr. trump was not thrilled by interest rate hikes. he wants chairman jerome powell to help more with the economy. in other words, alay off the fed

hikes. when a president jawbones about the fed, especially this president, wall street groans about its independence. "varney & company" is about to begin. ♪ stuart: the white house says a former nazi labor camp guard has been caught by i.c.e. and deported to germany. this is one i.c.e. operation that will not be criticized but first off, ash, how old was this guy. ashley: 95 years old. it's a strange case. his name is palig. he was a former cons tracks camp. he came to the country i said he was farmer and factory worker. a former guard at the concentration camp gave him up. he was confronted in 2003 and

stripped of his citizenship. he was found guilty by a u.s. court. since the last 25 years he has been in limbo because germany, poland, ukraine, other countries refuse towed take him. he has been in a two-story building for 25 years. as people routinely protested him. trump administration did a deal with germany. agreed to take him. he was whisked away in the middle of night back to germany. where he goes, we don't know. he is 95 years old. there are others in this country. believe it or not there is 99-year-old suspected nazi living in minneapolis. stuart: this is one i.c.e. operation that will not be criticized, nor should it be. ashley: right. stuart: we are up again. the president expressed his opinion on the fed. he was not thrilled about rising interest rates and he says the fed should do more to help the economy. former reagan economist

art laffer with us now. >> tell low, stuart. stuart: president is attacked they say going after the fed. i don't agree with that at all. he simply expressed an opinion. what do you think? >> the fed has been under the discussion with the president since i was in the white house 1970, 71. i used to go over with john erlichman to go to arthur burns and argue our case. the question is the should the fed be independent. i don't think it should be. i think powell is very good fed chairman, i agree with raising interest rates. but the president is the person who was elected. these princeton professors weren't elected. i think the fed should be the responsibility of the president and congress and not some independent group. stuart: you're such a radical, art. >> i know, thank you. shouldn't it be politically held accountable? stuart: i'm not going to get

into right now. >> sorry. stuart: what i will get into the growth rate. president trump talking about 5% growth in the third quarter. all right, what do you think? >> well, you remember what i talked to you about what happened, once the reagan tax cuts took effect. 18 months later we had grown 12% in real terms and 8% annualized rate for six quarters? that type of growth is possible. i would not be surprised if we had substantial growth over next couple years because the policy is right. what you get the policy is right, you will get good economic growth. that is exactly what will happen. it can't come through the unemployment rate but participation rates are low, productivity is low and average hours is low. we can get all three of those up quite substantially, we could have long-term growth this market and this country really desperately needs to return to prosperity. stuart: we're on the road to prosperity. we'll get there.

>> okay. stuart: we'll not get into that too much. want to talk to but the administration reportedly pushing back the timetable on auto tariffs. in plain english sounds to me like there is a pause imposing tariffs against german cars and cars coming in from mexico. i see that as positive for trade. what say you? >> i say it is really positive. i always believed without any knowledge of strategy, i always believed the president was using these tariffs to get these other countries, these other groups to negotiate lower tariffs, lower barriers and really go towards free trade. i think the president is a free trader. when he gets response by other countries whether china, mexico, or the european union, i think it's a good idea to pause. let's see if we get a correct deal lowering tariffs for everyone, getting rid of this nonsense and really rocketing this country to the future. stuart: you should start the show every single morning. whatever it is you had for breakfast -- >> you do a very good job,

stuart. i'm just mimicking you, i'm just mimicking you. stuart: flattery is the mother's milk of morning television and you're good at it. >> thank you, stuart. have a good day. stuart: politics, form cia director john brennan not happy about losing his security clearance. roll tape. >> some of them serve onboard of directors that require security clearances because the companies involved deal with classified information. this can have a very punitive, very financial hit against them. stuart: wait a minute? he wants to keep his security clearance and others, keep their security clearance so they can make money? what? joining us now, our favorite senator john kennedy republican from louisiana. sir, mr. senator, what do you make of that? >> we have the smartest, best,

national intelligence, intelligence sy in the world. they are above politics. late george bundy, henry kissinger, condi rice. mr. brennan is no longer part of that group. he has become a politician. he has been given gobs of money to go on national television to make provocative political statement. that is his right. many of those statements would be over the top if mr. brennan believed there was a top. if he repeated in an airport some of the things he said on tv they would put him in handcuffs or a straitjacket. there is nothing wrong with that. this is a free country. i may disagree wit, but this is a free country but you can't become a politician and do it in the morning and at night use

your security clearance to call your friends in the bureaucracy and get inside information. now mr. brennan, he seems surprised that his security clearance would be removed. i can't imagine why. he wants to be a politician. politics is not -- it is a full contact sport. if you want to run with the big dogs, you're going to get bitten a few times. stuart: yep. >> i think mr. brennan made his decision. it is about the money. it is about politics and you know, god bless him if that is what he wants to do, but he can't have it both ways. stuart: well-said, mr. senator. i have to move this one on louisiana, your state won't let two big banks work on a bond sale. those banks don't like guns. seems to me your state, louisiana is sticking up for the second amendment, have i got it right. >> yes. i asked the state to do what it did. citigroup, bank of america, being smarter than the rest of

us of course, have decided that they don't like america's gun policy they want their own. they will not do business with anybody who violates their gun policy, fair enough. they don't believe in the second amendment. they come down to louisiana where we do believe in the second is amendment and they say to us, even though you in louisiana are bunch of deplorables we want a 600 million-dollar bond issue from you. our bond commission said no way, you will not get it. no, you're disqualified. i'm very proud of them. i'm very proud of my state for doing that. stuart: i like your reference to a bunch of deplorables, mr. senator. i remember who said that first during the campaign. >> who was that, stuart? stuart: hillary clinton may i remind you. >> of course. stuart: you are talking about people like you and i. it didn't go down well, frankly. >> yes. she said we weren't real people. well we were real people and we were real mad.

stuart: it made me mad as hell, put it lightly. what a great way to start the show, art laffer and senator kennedy from louisiana. that is a real good start. this sir, will rate. that is what we're all about. thank you, mr. senator. thank you very much indeed. >> thank you, stuart. stuart: let's get to the futures market. where will it open? not much up is the operative word. up 30, 40 points on the dow. we'll see when the opening bell rings 19 minutes away. i can't believe this big change coming to you for a product you know, animal crackers. ashley: what? stuart: changing the circus theme packaging. no more cages on the box. ashley: what is wrong with that? stuart: i'm not saying anything wrong with it. we have the latest on tesla for you. some of the biggest parts suppliers worry they won't have the cash to pay then. look at the stock price. it is premarket.

it is up against, bouncing off a low yesterday of 2.88. that is a premarket quote. president trump getting rid of some regulation on power plant, trying to do some of the damage president obama did for the industries. natural gas so cheap, hard to see coal making a real comeback. we're on the story. we'll individual for you in a moment. e family. quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me before. well your situation's totally changed now. right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now and as your needs change from td ameritrade investment management.

stuart: the parent company of tj maxx, marshals, amongst other retailers, come in with strong sales. tjx is the stock symbol. the stock up 4 1/2%, nice gain there. however at kohl's they came out lukewarm forecast what they're seeing in the future. when you do that, the stock tends to go down. kohl's is down 2%. we have nabisco animal crackers getting a makeover. welcome back, susan. tell me all about it.

susan: same great cracker, more than a century behind bars. apparently the animals are let lose in front of barnum animal crackers made by mondelez. they were lobbied by peta in 2016, wrote a letter, maybe we should change the packaging to reflect modern taste and modern expectations. 100 years. i love animal crackers as a kid. i never noticed the bar. i don't know what this video either. ashley: that is peta. stuart: animals used to behind a cage this circus. peta doesn't like cages. ashley: as long as they taste the same, i'm okay with it. stuart: as long as they, let's get serious, the trump administration rolls back restrictions on coal-fired power

plants. president trump tweeting about that. big rally tonight in west virginia. patrick morrissey running a great state for u.s. senate. i have done so much for west virginia, against all odds, having patrick, a real fighter by my side would make things easier. see you later. clean coal. patrick morris oy joins us on the phone. senatorial candidate in west virginia. natural gas is much cheaper and cleaner than coal. so why should america come back to coal? >> well, first of all, thank you for having me on today. we're very excited. president trump is coming back to west virginia. it's a big boost for my campaign. on the coal question, i think it is quite simple. america continues to need a reliable, cheap form of energy. and what the obama administration tried to do is they tried to really wipe coal off the map. that was in part due to a lot of regulations they put in place.

obviously there are a lot of market conditions as well, but the last six years, before president trump took over, the government was pushing as hard as it can. you need diversification in the energy portfolio of our country, and coal has to be important part of that. that is what powers the electricity grid. you need coal, obviously you need other forms of energy as well. you don't need the government taking aim at it in order to eliminate a way of life in a state. stuart: patrick, the other big issue in the election will be the nomination of mr. cavanagh, to be justice kavanaugh on the supreme court. are you at odds with your opponent, joe manchin. are you in favor of judge kavanaugh. >> i'm in favor of judge kavanaugh, so equaled. joe manchin is once again trying to have it both ways. i think ultimately he will vote for judge kavanaugh because he

has to from a political perspective. right now all he is doing appeasing all the coastal elite donors. he doesn't want to take a position until it is absolutely clear that judge kavanaugh is going to pass. i think this is classic joe manchin, try to have it both ways. i think he is never going to be the deciding vote on things that matter for west virginia for our president. i will be a bit different. i'm an ally for the president. a conservative fighter. i will get things done. stuart: patrick morrissey, we'll probably see you at rally tonight in in in west virginia. >> that's great,. stuart: we did reach out to mr. morrissey's opponent, incumbent democrat joe manchin. we asked him to join us. we have not heard back from him. futures, up 48, 50 points at the opening bell. the rally continues. >> europeans are going after american tech, oh, yes, they are. a new plan could be in the works

to fine big social media companies if they don't remove terrorist content within one hour, all they got, one hour. you can't do it in one hour, you're out of here. you get fined. is that realistic? more "varney" after this.

stuart: toll brothers put out a rosy forecast. look what happened. the stock is up 9%. we have this one. microsoft found russian hackers targeting conservative groups just ahead of the midterms. what is this all about? ashley: six bogus accounts were set up on microsoft, set up by fancy bear. what is fancy bear. you can laugh by the name, but very, whoa, it goes back to the gru, the intelligence agency out of moscow. they set up six bogus accounts targeting conservative websites, conservative think tanks, which is unusual, because up until now the always been the democrat side. now they're targeting republicans which is very interesting. stuart: if you click on -- ashley: here is how it works. i was going to tell you. it's a phishing thing. you go to, you get into this site. it directs you to what you think is the correct website. it is fake. they steal all your information, your passwords and everything.

stuart: similar vein, try this one, european union wants to fine technology companies that don't remove terrorist content in one hour, susan. that's impossible. susan: it is about the speed of removing content. they want to regulate internet. removing terrorist propraganda. they want to force tech companies like facebook and youtube to delete it within an hour. so, 60 minutes all you have time for, right? this is after attacks in brussels, paris, london, of course. they want to bet protect their citizens. stuart: i don't see how they can do it. susan: you have to hire a lot of people to overlook the content. use a lot of algorithms, a.i., this boosts the costs of facebook, why they lowered the revenue guidance for the year and their stock is down. stuart: what do you call terror? who defines all of this? susan: after the data piracy,

gpr, that came in may. stuart: we'll hear it, and market opens up in four minutes time. it will be opened up modestly. 40 points for the dow. 16 points for the nasdaq. we'll be back with the opening bell after this. ♪

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stuart: 15 seconds until we open the market this tuesday morning. we're likely to go up just a fraction. [opening bell rings] we're going up by the way in the six of the last seven weeks the dow rallied. we're in week seven, eight, whatever it is. from the opening bell we are up 26 points. 32 points. 35 points. we're up. so the, opening comment is, we are up a very modest 30 points for the dow industrials. s&p, a broader market indicator. up the same amount. up a fraction of 1%. .19%. nasdaq up a quarter of a percentage point. maybe the techs are doing better today. first off, tesla, where is it this morning? tesla is $314 a share despite more testify news own tesla. it is up five bucks. we'll get into that in a moment.

joining us dr barton, susan li, ashley webster, kristina partsinevelos. it's a summer rally, isn't it? we're on the brink of the longest running bull market in history. do you have any idea, dr, what might stop it? >> more buying will stop it as we get a nice blowoff into the fall. we'll get a blowoff top into the fall. that is only thing can send us on other side. we know tariff things earnings explain to our viewers what a blowoff top is? that is -- >> blowoff top is when buyers keep coming in and sellers keep disappearing and that gives us a quick move to the upside. stuart: okay. may i just pass this around. ashley: isn't that a positive? >> getting there and colling down the other side. ashley: gotcha. stuart: we're going up short term. how many people agree we'll go up from here? >> i agree. stuart: susan?

susan: tariffs are a big concern. stuart: are we going up from here? >> edge closer to 3,000 for the s&p. stuart: webster? ashley: only game in town. we'll keep going up. unless something happens we have no idea. we can live like that every day. >> tariffs will be a hit in medium term. i think we have a little bit more going higher. everybody is so hesitant. investors are hesitant what is happening with tariffs. stuart: no they're not. it has gone straight up. >> that is the bull market -- stuart: what do you mean hesitant? >> contributing factor to the bull market. you have investors are so uneasy. means there is still potential upside. susan: half a percent from record levels once again. the main concern is -- longest bull market -- stuart: all right. quiet on the set. let me read the script. the trump administration is pushing back its timetable on imposing those tariffs on car

imports, okay? pushing back, delaying the imposition. i call that a positive on tariffs, susan li. susan: yes, you're right. that is a positive. we're on hold, right. so that does play into the investor mindset. that is a bullish thing. is that what you want, stuart? that what you're looking for? >> i'm asking for your honest opinion. i've given mine. what's yours? positive on trade. ashley: as long as it agrees with yours, that's good. stuart: argue with me. >> they're saying they have so many documents coming from the auto sector. they have to go through millions of pages. yes, it could be seen negotiations are on the table. but nothing is finalized. this is them being overloaded right now. the deadline. stuart: they're looking for a deal. there is time crunch. it is getting close. >> isn't that bad? >> i see that as a positive. >> i think what secretary ross signaled here they're going to continue to be flexible. that we're going to get a big hard hit from the president and the administration.

the market will have tariff trouble selloff. i will buy it again. then there will be more flexible and long-term play is still for more open markets, not -- stuart: ashley: that is the key. if there is a big selloff, people come in and buy. we've seen that over and over again. stuart: negative trade headlines, stocks go down, stocks jump up again, happens all the time. next case, tesla, the issue for the day, in the headlines. tesla is up another four bucks. there are some suppliers who are worried about getting paid. now what do you make of tesla? ashley: bogus. completely survey. a handful of suppliers. tesla improved on-time payments from 90% to 95% from those directly related to the production. okay, they asked another supplier to extend payment time from of 0 days to 90 days, get cash back, rebate. that is normal business in my mind. >> it is normal business, but

they're asking a lot more, ash. they're asking up to 10%, where a normal rebate request in the automotive industry is it one or 2%. they're also pushing back against people giving them capital equipment versus ongoing production. tesla, right now, stuart, is a broken stock. it is tough to put money into a stock where the sec is investigating them, not because of one tweet but for a long-term problem. >> two companies would agree with you. citi and jpmorgan. jpmorgan saying that the stock will drop to $195. look at it now, it is at 311. they are blaming they don't see secured funding to go private. look at fundamentals, financials, you bring up, however, ashley is right this is headline. this little survey included 22 companies, so i don't think it is indicative of the entire picture. susan: jpmorgan came out yesterday, and we saw the dip. the stock bounced back above 300, because the shorts are thinking, we could make 60, $70

back at burned at 380. why not buy in. my point of tesla, will be cash flow positive this quarter, will be profitable this quarter. the only problem is where the cash holds are, just two billion dollars. that is far below their liabilities. stuart: i love to see what happens to tesla's stock if somebody pushes elon musk aside, get an adult to run the car company. ashley: it could be a negative. stuart: enough on tesla. move on. watch out, tivo. amazon is reportedly planning its own dvr. why would they do that? >> bloomberg is reporting this. amazon working on a device that records live television. would challenge devo and the like. the company, the dvr project is dubbed frank internally. that is the nickname. it is designed basically to work with existing amazon fire television devices. can include physical storage and streaming capabilities for

playback on your smartphone. what is amazon doing? getting into buying cinema and theaters and dvr. is this a content play? a consumer control play? >> this company wants to control every part of your house. this is a living room control part. the key point here, stuart. is that this is for streaming services, not from your cable box. not from your dish. this is to record streaming services you can then watch them on your phone or elsewhere by having that content local. they are winning the battle for the house. stuart: that amazon. i'll tell you. 1881 is the stock price. quick check of the market. we're up. going up a little bit more. 66 points higher. that puts us at 25,824. we're about 3% away from the all-time record high. individual stocks moving, tjx, it is up 4%, nice gain. lukewarm forecast at kohl's.

look what happens, down 2%. j.m. smucker, how do you, smucker. i'm sorry. ashley: that is german company. stuart: smucker, glue. that company on your screen right now, their sales fell short. the stock is dead flat. attention apple faithful. new iphone likely out next month. is this still the major event it once was? >> it's a big event, stuart. what traditionally happens the stock continues to trade up into the second week of september. then it many about as classic sell the news moment once they come out, show what they have, people go well, this is not as much as we thought and you get a chance to see the thing dropped. stuart: you would buy it if it dropped? >> i would buy it if it dropped. susan: it is iphone, not phones. >> one will be affordable,

supposedly. stuart: what do you call affordable? ashley: 800 bucks. susan: low cost mac they're introducing. a product cycle coming. stuart: you're excited. susan: i am. stuart: the chipmaker nvidia, now that was a high-flying stock, still is actually. it may pull out of the crypto mining business. video games it says, that is where the real money is. >> 100%. i covered this the other day with 13f filings, the rich and famous. susan: whale watching. >> warren buffett and george soros. they bought the stock within the last quarter. maybe they changed their position. nonetheless there is a lot of strength because they're dominating when it comes to selling graphic processing units. stuart: you must have a very favored place around this table because if you can get away with a 13 f -- ashley: without a buzzer. >> i say 13 f, you explain it. the rich they file.

stuart: that is why the producer didn't -- >> explain the concept which is what i did right after it. stuart: time's up. it is 9:40 eastern time. kristina. you will be back. dr, you are all right. thanks, appreciate it. look at this. we're up 74 points! is this a stealth rally? no this is a huge summer rally. this is the longest running bull market we ever, ever had. i'm an old guy. i don't remember anything like this before. ashley: you don't remember '29? stuart: '87. president trump urging the department of justice to sue opioid makers. he said they flooded the country with a dangerous addictive product. health and human services secretary alex azar. he is next on that subject. ♪

stuart: it has been 100 days since president trump announced his plan to lower drug prices. come on in health and human services secretary alex azar. mr. secretary, welcome back to the program. good to see you again. >> good to see you, stuart. stuart: at the time 100 days ago, critics said you can't do that you can't lower the price of drugs. give us a progress report. >> the critics doubted that president trump was willing to disrupt the status quo. in 100 days president trump has done more to relief and lower drug price i would venture to say than all presidents before. last month we approved more generic drugs than ever in history. we reduced gaming in the system that prevents generics coming on to the marketplace. he brought historic new negotiation to the medicare drug program. he opened the door to importing drugs to prevent price gouging. he prevented pharmacies being

forbidden to being educated consumers about the lowest cost options they have to get drugs. this is just the tip of the iceberg. we've seen 60% fewer price increases of brand drugs since the president announced his blueprint 100 days ago. stuart: now, all of these changes were made by changing the rules as opposed to new regulation. will new regulation be required? it has to go through congress. will that be required to get further cuts in drug prices? >> we continue to act with all the powers we have to deal with the drug pricing issues we continue to call on congress to take action here because there is much they can and need to do. we presented a whole package of reforms to the medicare drug program that can reduce out-of-pocket spending for our seniors, bring relief in the program. we have a plan to reduce gaming in the system to let more generics on to the market. we would cap the, we would increase the payment penalties

for companies that increase drug prices in our part b drug program. we called on congress to overturn the obamacare giveaway to big farm that, that lets them increase prices without any kind of penalty on their drugs. so there is much that congress can and should do but we're continuing to act with the powers that we have. stuart: the administration wants to sue the opioid makers. that's its response to the opioid crisis. i believe 23 states are suing the opioid makers. i put it to you, mr. secretary, that is their approach to getting rid of this addiction problem but it will inevitably in the long run raise the price of opioids which many people do rely on for the relief of extreme pain. your comment, sir. >> that won't get rid of the opioid crisis but it does help determine accountability for how we got into this crisis in our country. president trump's direction, the justice department joined in that litigation. he has directed the attorney general and for us to work with

the attorney general if there is any further accountability or basis for litigation to assure any entities that brought this crisis that ravages our country, that there is full accountability for that. we're not relying on that to solve the crisis. that is about accountability. we have a multifactor plan at the state, local, federal level that will tackle this crisis. we're already seeing prescribing rates of legal opioids go down. we're seeing a leveling off of a deaths on month by month basis for overdose. the plan is working. it will take a long time. we didn't get into this overnight and we won't go out of this overnight. stuart: i want to ask but the epipen shortage, right now there is a shortage. this is back to school time when parents really need these things. what can you do about this. >> stuart we're quite concerned about the epipen shortage and their manufacturing issues there the fda is working with the manufacturer on. i have directed the fda to use all the regulatory tools at its

disposal to bring relief to parents and children as they go back to school here. you will see action on that very soon. in addition as you may know the fda approved the first-ever generic epipen which we hope will come on to the market soon. stuart: here is something parents are asking me, can you use reliably expired epipen? >> stuart i don't want to comment on a public health matter that should be considered carefully by the food and drug administration issue of expirations but i with like fda to comment on that directly because i do not want to provide any type of direction to parents that the fda has not done. in fact, one item that parents should look to fda for is, in terms of the regulatory action that we're pursuing, the fda has just announced as we've been on the air a, the extension of expiration dates for certain

lots of epipen that will allow parents to continue to use epipens might be shown on the label as being expired but for a longer period of time. they should seek the guidance from fda's website. and follow the information because it will only apply to certain lots based on our scientific review of the evidence but, you heard it hear first, stuart, breaking news as we've been on the air. stuart: thank you very much indeed, mr. secretary. we like that kind of thing. we'll rebroadcast this throughout the rest of the program. that is good news indeed for a lot of very worried parent. mr. secretary, alex azar. we always appreciate it. >> thank you. ashley: making some news. that is good. stuart: that sound bite we'll run it in the 10:00, 11:00. good news indeed i think. check the dow 30, not quite the high of the day but we're up there. 74 points up for the dow and vast majority of the dow 30 are in the green.

comedian kevin hart turning mtv's music video award into an anti-trump event. you will hear what he said about our president, if you really want to. that's next. with a double palm grab. who has the upper hand now? start winning today. book now at lq.com. when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. the nation's largest senior-living referral service. for the past five years, i've spoken with hundreds of families and visited senior-care communities around the country. and i've got to tell you, today's senior-living communities are better than ever. these days, there are amazing amenities, like movie theaters,

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stuart: we have news on epipen broken for us by alex azar moments ago. the administration, or the fda i

should say is going to allow some lots of expired epipens to be used. there is a shortage of these epipens just as kids are going back to school when they need them. so the secretary says they will allow some lots of expired epipens to be used. mylan makes the epipen. no change in the stock as we speak. want to go back to the debate over coal and bring in senator shelley more -- moore capito. >> gooding, stuart. stuart: the president makes a speech in your state this afternoon. he is rolling back regulations of coal-fired power plants but how far can coal come back when natural gas is so plentiful and so cheap? >> i think what we're seeing already coal is coming back because the war on coal ended in terms of the very onerous clean power plan. i led the charge here in 2015 to pull back on that regulation

that the obama administration put forward so the president now has come forward with replacement of that. what it will do, give us better transition and allow our coal industries to react, our power plants to react. we have already regained thousands of jobs in the coal industry over the last year-and-a-half. we expect that will continue. stuart: those original restrictions were placed on the coal industry because of climate change. people felt that coal was contributing a great deal to co2 emissions. how do you feel about that? >> well i mean i think we have to look, do everything we can to clean up the air within the clean air act. think i that several federal courts, including the supreme court felt, that the clean power plan was, you know, they put a stay on it because it was moving in a direction that maybe was not in the bondaries of the law. i think what we see is developing technologies, developing research that will help, full, abundant, affordable source, coal, that employs a lot of people in my state and all

across this country to be able to keep working, provide, really make our country stronger because we will have a whole variety of energy sources, including natural gas and renewables and coal. stuart: senator, i have to cut this a little short because we got a problem with your audio. there is a dreadful hiss and buzz in the background. i will cut it short. thank you very much for being with us today. i'm sure we see you this afternoon or tonight when the president visits west virginia. >> i will be there. stuart: thank you for joining us ma'am, appreciate it, thank you. luxury apartment sales in new york city are not what they hughesed to be. ash? ashley: they have stagnated or slid back. why? general consensus was chronic overpricing. there was an absolute explosion of new buildings being, as you know, as we live here in manhattan, people getting greedy, putting in overpriced condos. wanting top dollar. the market figured it out. we're talking about five million

and up. is what we're talking about. stuart: greed, ashley, what is wrong with greed. ashley: you know what is wrong with it? people eventually pay what you're asking. you have to come down. susan: condominium sales down 31%. ashley: first half of this year from last year. susan: co-ops are up 10%. stuart: these condominiums are for wealthy people. why would wealthy person move to new york city when tax reform would kill them. why would you move in? , you wouldn't. ashley: or new jersey, stuart varney. susan: i have friends look for apartment. when you pay five million, you can get great, not to great. stuart: you have friends looking for five million dollars apartment? excuse me. thanks for joining us. even people on the left are distancing themselves from, john brennan. my take on that, top of the hour

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stuart: john brennan was in charge of obama's cia, since leaving the job he has become the most outspoken opponent of president trump. he called the president meeting with putin nothing short of treasonous, those are fighting words, man in charge of cia during rise of isis during the slaughter of christians, during the deal-making with the tariff state of iran now calls our president treasonous, if that's what trump derangement syndrome, what is? the story continues, president trump revoked brennan's security clearance, brennan threatened to sue, trump then said, bring it on. yet again mr. trump holds the strong hand, if brennan did sue he's opening the door to what lawyers call the discovery process, that means they could ask all kinds of questions about brennan's performance in office and more importantly what he had been up to when russia was

interfering with russian election and he was running cia, did he leak intelligence material to undermine newly elected trump, what was his role of getting mueller investigation started? a lot of people would love to hear what his answers would be especially since he would be under oath. if president trump says, if he sues it would be easy to get records, documents how he was involved with the mueller-rigged witch hunt. they understand the dangerous of opening pandora's box. discovery process would open boxes the left does not want to company. the second hour of varney & company is about to begin. ♪

♪ stuart: and president trump just moments ago tweeting on brennan, here it is. even james clapper has admonished john brennan for having totally off the rails, maybe clapper is being nice to me so he doesn't lose his security clearance for lying to congress. 15 minutes from now i will talk to former cia station chief who says brennan has lost all respect in the intelligence community. where are we now with your money? all right, 32 minutes into the trading session, the dow is up 83 points, 25,800. less than 3% from all-time high, big-technology names, they took hit yesterday, most of them are up today, facebook, amazon, up, apple is down just a fraction, 17 cents lower. tesla, i have to call it the stock of the week thus far, suppliers apparently getting nervous not hurting the stock that is up 4 bucks, 3.13 on

tesla right now. the health and human services secretary just broke news on the program about ten minutes ago, he said, the fda is extending the expiration dates on certain lots of epipens. he said more info to come from the fda, mylan on your screens now makes epipen, the stock is dead flat. still on the market, the trump administration pushing back tariffs on auto import, trade talks continue. market watcher scott shellady joins us from london, scott, that seems to me to be very good news on trade and maybe one of the reasons why the dow is up, if we are holding up, we call it truce essentially on auto tariffs, what do you say? >> yeah, anything that's got to do with tariffs being lifted or less sen or anything tariff wise that makes us smile is good for markets because i've said before, donald trump has got

good on tariffs and it's interesting to see europeans and chinese come to the table because they have economies that are faltering, they are going the opposite direction of the u.s., how long can china watch the economy melt in front of their eyes and things are bad in the eu as well. both sides have some or the of time frame to work with. i think the president is going to be deeper but at the end neither one of them are going to be bottomless pits. stuart: are the europeans still coming after big-tech companies wanting their money? i ask the question because they say they are going to fine our bike-tech companies if they don't remove terrorist content from the network, social networks within one hour, it's a money grab, that's what it sounds like to me? >> they need the money. absolutely money grab, number one, stuart, this is where we are going to go with this for a long time. they feel as though they have to be the arbiter, they have to be the judge and jury or when --

juror when tech companies have done well in bull run. it's difficult to say, maybe the web a safe place and that's what they will try to do and that's why i also think the social-networking sites where it's a place for people to gather and talk and chat are going to struggle compare to the apples and the googles and the amazons of the world, watch that space. stuart: technologically i don't know how on earth you can remove content within one hour or face a fine and simply in terms of editorial, i don't see how you can police, i don't see how you can police a network which has 2 billion users. how do you -- how do you get to free speech when you're going to be the the censor of the world. >> they don't have free speech number one, and number two, take a look at themselves what they are asking for tech companies.

it's ridiculous. but it's going to be where we are going to be going with for a while here and that's going to drag on social networks, social-networking stocks. >> are you on board with the bull run that we are in the middle of, i don't know if we are in the middle, keeps -- >> ly take my emotions out of it this time and say this, the last one was return on s&p was 418, 420%, this one is only 320ish percent, only 75% of the last bull run we beat to be number one. only two things that derail it is the fed and inflation and suspiciously enough we can't find the inflation that really stop this bull market and also the fed with the rate between 175 and 2, everybody is watching when that 1.75 to that 2% gets above which is 2.6% which we will have to worry but we still have room to run.

stuart: you'll never be a good tv journalists, you don't leave the best till last. [laughter] stuart: we still have a ways to run, that should be the first thing. >> all right, okay. [laughter] stuart: do i think you are all right. scott, see you soon. [laughter] stuart: let's get to some serious politics, massachusetts senator elizabeth warren speaking about corruption in washington this morning. she's tweeted several times about who she is going after. i've got tweets for you, real donald trump is running the most corruption administration of our lifetimes, i will unveil sweeping new legislation to clean up our government, until then, i will be sharing examples of how corruption has seep intoed washington. oh, it is a long list. another one, how much is it worth to a bank to send its people into government? $232 million, that's how much goldman sachs -- i'm sorry gop tax scam handed to goldman sachs in the first quarter after it passed and former executive trump adviser gary cohn help

sell it to congress, end corruption #. brag in brad blakeman, former assistant to former president george w. bush, does charge of corruption of trump administration in the banking industry stand up? >> it does not, i don't recall senator warren going on the warpath doing the own i'm administration when you got people like michael who came from citibank who was the biggest bunked -- bundler of obama and bob ruben and timothy, where was senator warren? people who gravitate to very senior positions in the treasury come from, is it a secret, wall street, that doesn't make them corrupt, what elizabeth warren is angry about that money is going to private sector instead of people sending to washington for her to spend, there's no

corruption unleashing american inbegin ingenuity and not having control that she would like from washington. stuart: he made a presentation last week about requiring businesses to ask permission of washington, d.c. to be charted to do business, now she's talking extensively about corruption in the trump administration, the banking industry, i'm taking these as clear signs that she's running in 2020, and i take you do too? >> no doubt about it. she's running on failed policy. that's every american including minorities who have seen record employment, so turning back the clock and going back to a socialist-type of regime where the government is in control of every aspect of our society from cradle to grade not something

americans will take too kind to. stuart: it's not the attraction of socialism that's attracting youngsters to vote left, it's their dislike and the failure of what they say of capitalism, that's what's drawing them in. they are engulfed in student debt, et cetera, et cetera. i think they say it's the failure of capitalism not the attraction of socialism that's drawing them in, your comment? >> no, i think it's quite the opposite, i think it's the fact that they are in a cacoon or cradle, once they get out of the real world and see how the world runs when you're on your own two feet it becomes much different. there's a campus philosophy, there's a campus group thing that does not reflect the real

world. stuart: thanks for being on the show, thank you, sir. now, i'm just getting news, i think it's coming in that we have new sanctions on russia? ashley: we, do all company called dive techno services, russian company sanctioned back in june, now treasury department said two more russian individuals and two more russians companies have been sanctioned because they were trying to subvert those sanctions on the original company working around to continue to do business for this dive techno services, they have been sanctioned. this is a company that was buying underwater equipment and diving systems for russian government agencies including the ssb, the the federal security service, there you go. that's what the sanctions come from. stuart: they keep on popping up, more sanctions. bang, bang. you've got it. here is what's coming up for you, former cia chief says john brennan lost respect in

community. envidia is giving up on crypto currency, no more demand for crypto, overstock has bet big on block chain, we will find out if overstock is second guessing that decision now, we will see. trump bashing mtv music awards, is that right -- bashing. ashley: that would be more accurate. [laughter] stuart: are media companies ever going to tell hollywood to knock it off, brian kilmeade will tackle that one in the second hour, you're watching the second hour of varney & company.

stuart: solid gain, 25,800 on the dow. higher sales at tjmaxx and marshals, the stock is up 3.7%, nice gain, however, if you look at kohl's, they issued a lukewarm forecast and down 2.7%. i want to get back to my editorial at the top of the hour of cia chief brennan, this morning president trump tweeted along those lines, here is what he had to say, even james clapper has admonished john brennan for having gone totally off the rails, maybe clapper is being nice to me so he doesn't lose his security clearance for lying to congress. daniel hoffman is with us, former cia station chief, mr. brennan said president trump's meeting with putin was treasonous behavior, what's the view of that comment in the intelligence community?

>> well, good to be with you. i would highlight a couple of points when john brennan said over the weekend that he was nonpartisan, i think nothing could be farther from the truth, if he truly per nonpartisan he wouldn't be using his media bully pulpit to be making unsubstantiated claims and instead meeting with special counsel and expressing concerns in private especially while he had security clearance and have in-depth discussions. what's really important is it's not just our own citizens who are listening to john brennan, it's also foreign governments, foreign spies stealing secrets on our behalf and when john brennan makes these sort of what he admits unsubstantiated claims, degrades trust in government and risk serious damage to national security. stuart: now president trump revoked security clearance after

that mr. brennan said he would sue and president trump said, go ahead, because in the discovery process he could get all the documents and texts from mr. brennan's term at the cia and within the deep state, you would like him to sue the president, wouldn't you? >> i personally i rather he walk away from this. let's focus on afghanistan, on north korea, two iranian spies that were caught casing for site that is they could target inside our own country, how about russia and china. i think that is a side show, frankly and i just wish john brennan would walk away from it. i just have a hard time imagining what good comes from this. really, he's doing not just vladimir putin's bidding but the bidding of all of our enemies who are reveling in the fact that we have this feud, ongoing feud between retired director of the cia who did not take oath of causing no harm to national security while commercing right of free speech and the president

of the united states. stuart: why do you think brennan did it? he's the most outspoken antitrump guy around at this moment, why? >> well, he was president obama's political appointee, he's involved in the investigation of russian targeting of our election process and i think he's concerned about the president. it's okay that he's concerned about the administration, i suppose, he just needs to be careful not to cause the collateral damage i think he's causing to our national security. he's such not a credible witness. we have seen general clapper walk away from john brennan because they recognize that he's very much a weak link in this chain and i think that they believe that maybe the cia should have had the responsibility since they hold brennan's clearance for either revoking it or not revoking it. it's really hard to make the

argument when brennan behaves h the way he does. stuart: thank you very much, we have twitter and jack dorsey and mark zukcerberg. here is my question do we want tech to be in charge of what we are allowed to read, i will ask about brent bozell about that.

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stuart: cole brothers, stock is up 11%. now this, some of tesla's suppliers are worried they are not going get paid, some suppliers worry about tesla. ashley: small survey it really was, everything has been going on at tesla makes them a little nervous that they will not get paid on time, however, those fully related to the production of these tesla cars their on-time payments are up, tesla keep coming to us, they want to pay us 90 days and 10% rebates when most other people want 2 or 3%, so what, that's what businesses do. i didn't get much out of survey, yeah, nervous perhaps we are not going to get paid although i don't think the numbers back it

up. >> they approached 100 suppliers, 35 responded. 33 had complaints, 16 since october have filed legal claims from compensation with tesla, small, small sliver. stuart: it's back up. ashley: yeah. 288. stuart: down 288. >> yesterday down 280. ashley: 280. >> we bounced back above 300. stuart: even though they got a couple more downgrades. >> jpmorgan, 195, i think it's cash positioning for tesla. stuart: they are going to be profitable, so they say. >> cash is sitting at 2 billion, far less than what to pay out in liabilities. stuart: am i going to buy this stock or not buy the stock? ashley: big question. stuart: coming up henry, the

electric car designer -- >> wow. stuart: big guy, he will give us his take on elon musk and tesla, that's in our next hour, henry, mtv's music awards using the stage to bash our president yet again, brian kilmeade on that, he's next. ♪ as moms, we send our kids out into the world, full of hope.

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♪ ♪ [laughter] stuart: you know what the song is. you and i did.

>> i do too. just this one. [laughter] stuart: check the big board, solid gains, 74 points up, .29%, got it. big tech, most of them are higher with the exception of apple which is down just a tinny fraction, 50 cents lower at 214. the rest a fraction up. envidia say crypto business is dead, that's important. crypto business dead. they were big into it. overstock.com ceo and frequent guest on the program, welcome back, patrick, good to see you. >> always an honor to be on. stuart: i remember not too long ago you put overstock into the block chain business, the underlying technology beneath bitcoins of this world and now -- hey, envidia is walk get away, what say you? >> a bunch of different confusion going on, the main

event to understand is there's this new technology called block chain, that is under these different crypto businesses whether it's bitcoin or whatever, the underlying technology is called block chain, it's based on crypto cryptography, that's most important than the internet, the way land titling work, health records work that underlying technology is going the change things more than the internet did. what certain currencies do, who the heck knows. that's speculation. stuart: when you made the announcement, you said it on the program, i think overstock, your stock itself was up, it was around 70 -- nearly $80 a share, it's not now. what happened? >> i think about a year ago we were 10 or 15 and what happened is we become associated with bitcoin that whatever it does, it turns out, last time i

checked, 92% of daily volatility of stock is explained by bitcoin, message to public, we don't have any bitcoin, we have tinny bitcoin, don't bet on us, proxy for bitcoin and for some reason the market over a year, fluctuations move with bitcoin, the silliest thing i have ever heard. stuart: what are you doing to block chain to develop it of technology that's more important than internet? >> we are applying it to wall street, applies this to wall street and creating a version of wall street that can't be cheated, we have made a former joint venture announcement with the boston options exchange, box, to make the world's -- the first national exchange. i have been all over the world in the last quarter, 20 countries who want what it is we have developed, they are saying getting live in america and sec approves, we want it. the whole world is coming,

beating path to door on this. stuart: president trump suggesting that we may be go financial reports from public companies like your own every 6 months instead of every 3 months, where do you stand on that? >> well, you know, he's actually addressing, buffet and jamie dimon brought this up in article, the focus on quarterly earnings and quarterly earnings guidance especially by companies really creates a lot of pathological incentives, buffet and diamond saying but you don't give guidance anymore. trump is saying, you go to six months earnings, the only guy has said that, we should go to annual earnings, they are all addressing the same problem and it is not good for corporate america that people get focused on quarterly earnings and adjusting and playing games just trying to keep short-sided.

stuart: you would be okay with every six snonts. >> i would be okay every six months or getting rid of guidance. stuart: getting ride of guidance. >> that's what buffet wants. look at article from buffet. he proposed a brilliant plan, what trump should retreat is buffet's plan on trade, it's more trump than trump. stuart: more trump than trump. that would be something, wouldn't it? i wonder how that would go in america? ashley: trump square. stuart: thanks for joining us. we will see you again soon. >> thank you, stuart. stuart: dane white -- dana white, the president of ufc ultimate fighting. ashley: championship.

>> stuart: he says ufc is worth $7 billion, where does the number come from? ashley: good question, how do you back that up? is it accurate, could be. they signed a deal worth 1 and a half billion dollars with espn that begins in january. it's interesting, i mean, this is a sport that continues to grow and grow and grow. with espn exposure you really could. this is a big money stuff and without exposure from espn it could be a 7 billion-dollar company, endeavor is the company that purchased ufc back in august of 2016, so two years ago based on the ratings have been okay, not great, but the growth potential, i think, is certainly there. >> i interviewed dana white in hong kong when he had fights in macaw, he's a great salesman, but think of it in xarston nfl, they get paid $20 billion a year for broadcast rights, so that is

far below. stuart: that's true, they are coming on strong and they appear to have replaced boxing. seems like it. ashley: boxing isn't where it used to be that's for sure. >> unless it's connor manager greg or and floyd mayweather. stuart: brian, welcome back to the show, you know where i'm going to start, kevin hart at mtv music awards last night, i know you don't want to see it but i'm going to roll it anyway, roll it. >> looking like this as game day, do not worry because at this game you guys are allowed to kneel, you can do whatever the hell you want, no old white man can stop you, do it, bad language, people run to the bathroom and send out crazy tweets basically like a typical day at the white house, in your face, trump. stuart: i've not seen the ratings yet, brian, i'm pretty

sure they will be down again. one of the producers going to say, hey, knock it off because we are losing our audience? >> well, i mean, on one hand we would not even be talking about the vma's if they said please welcome our next act, there you go. maybe we wouldn't be. stuart: i don't know, brian. wait a minute. why can't we hear some music? why can't we hear from music stars who are great performers, now, ladies and gentlemen, fantastic band, listen to this music, it's good stuff, why can't we have that? >> right, by the way that's how i would like to be introduced if i was ever a musician with stuart varney as host. that would be fantastic. i don't know stuart varney how many awards you've been asked to introduce, they have people come out and stake a stance, kevin hart was the biggest surprise for me because east walking around conglomerate, successful not on stage but not only an stage, maybe top comedian in the country and works 20 hours a

day, he's got movies, tv shows, he's got documentaries rolling out and here are some of the quotes, in the past he stayed away from politics even though everybody is pushing to get involved. the way i see it, this is from 2017, my job as comedian is to spray positivity, make people laugh and i don't want to draw attention to what's pissing people off. when you jump in the political realm, you are alienating audience. maybe he got blowback for not being powerful and last night was coming out party. stuart: well, do you approve of this? brian: no, absolutely not. i don't want to think of himself he either supports one team or the other, i want to see the guy make people laugh, when i watch late night television, i flip the channel now because i don't see jokes, i see points of view with clapping. stuart: when are they going to get the message?

a, it's not funny, b, a lot of the award shows are frankly insult to go my intelligence, but they never get the message, they never change and i don't think they'll ever change. brian: i will bring up something else that you did not roll into the show that you might have had earlier, antiillegal immigration or antiimmigration crack-down push by a rapper who brought out a bunch of people who said something expletive on the t-shirt and talked about families reuniting and blamed trump for that and instead of talking about the border patrol, the border and things like that, they had to jump into the fray and sing about it and hug about it and the crowd roared at radio city across the way, literally across the street from us and across the country, the debate is much more complex than that and i think you are playing it right now, yeah, you're playing it. stuart: it's on our screens right now. this is the immigration debates on the music video awards.

brien: stuart, if i can, i can do this full circle, if you look at all the democrats, if you look at elizabeth warren, you look at others like the 28-year-old, we have momentum on the left, look at what's happening in special elections, they are running moderate democrats and they are running like republicans and that is why they are closing the gap, socialists aren't getting votes, left-wing nut jobs aren't getting momentum, they are getting crowds but they are not winning elections, they are closing the gap because they are acting more like republicans and that's what i find disjointed, last night will not get an election win for a democratic nominee or a democratic house member. last night is good for robert de niro because he doesn't have the curse of the television because president trump is not on but i don't know who else it's good

for except for, i think, the artistic, the artistic music community. i don't think that wins elections. stuart: you are making far too much sense, regretly we are out of lime, thank you, sir. president trump tweeting this morning, there are unpleasant consequences for crossing our border illegally, former acting director of ice tom is with us in our next hour, first, president trump calling the social media companies for censoring conservative opinion, here is my question, should tech companies be the arbiters of free speech? are they going to decide what i can read? media researching center guy brent rozell is next. ♪ you shouldn't be rushed into booking a hotel.

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ashley: here with services secretary alex joined us for exclusive interview last hour and praised the president's healthcare reform so far. take a listen. >> he's brought historic levels of generic drug approvals, last month we approved more generic drugs in history, reduced gaming in the system, he's brought historic new negotiation to the medicare drug program, he's opened the door to importing

drugs to prevent price gouging, he's prevented pharmacies from being forbidden from educating consumers about the lowest cost options they've got to get drugs and that is just the tip of the iceberg and already we have seen 60% fewer price increases of brand drugs since the president announced his blueprint 100 days ago. metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- mbc, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression,

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stuart: russell 2000 hit all time high earlier today, yeah, this is a summer rally, this is a long, long running bull market, the longest in history and the russell 2000 broad base indicater encouraging a couple thousand stocks? ashley: 2000 but the dow transports hitting high which is another bullish sign for the economy and markets in general. stuart: one of the greatest stories rarely told for prosperity, here it is, growth in prosperity and buried, amazing stuff. president trump going after social media companies for censoring conservatives, trump says too many voices are being detried. he wants free speech on social media. come on in brent bozell, is that what you want? do we want absolutely free speech, you're on facebook, say what you like, you're on twitter, say what you like? >> no, there's limitations,

stuart, you can't cry fire in movie theater and can't drop f bomb on license plate, there are certain things you can't do, same rules should apply to the internet. now, that leaves the other social media, that leaves 99.9% of expressions allowable, i think that the media, social media would do well to resolve all of the problems simply by wrapping itself around the first amendment and enjoy the same freedoms that everybody does and we would be fine. stuart: they can't. somebody has to sit and look at billions of facebook posts and say that's okay and that's not and that is censorship and it is inevitable that they will be a political angle to that censorship. >> well, especially when you have algorithms that rate things as hate speech, hate speech being defined as things you

don't like, jack dorsey of twitter made the statement over the weekend yes, it's left-leaning but they don't have a liberal agenda, well, of course, they do and you know they do because it continues where one organization and one individual after another who is a conservative is being censored. they can't all be making it up. stuart: what's your solution to this problem? >> four fault, number one, there has to be transparency, first clarity, what do they mean by hate speech? that's the center of all these. they come on the definitions based on hatred, define hatred and the way you see it defined by social media outlets is outrageous, two, transparency, this is something that they're not doing, they are talking about it but no one is being transparent about algorithms and how they are rating people and why is it that someone like a congressman jim jordan or devin nunes are being censored the way

they are being censored, what's going on, thirdly, conservatives should get not a seat at the table but an equal seat at the table, we outnumber liberals if they want to reflect public opinion give us equal footing in making these decisions and before just embrace the first amendment and the way everybody else does with the limitations that everyone else has to face and i think we would be fine. stuart: last one, before we got to you this morning i was saying that the rally in the stock market, the growth in the economy, the return to prosperity is part of the most important story that's going untold in some of the media, am i right? >> well, absolutely right. it's been going on since the beginning of this administration whether it's jobs figures, stock market, whether it's unemployment, these numbers aren't just regularly ignored, look, this is good news. there's just no way that they are going to report good news where donald trump is concerned, period. stuart: it's true, isn't it, if it's good for trump it's not going to be on the same page. >> this is not hyperbole.

if it's good for trump it's not reported, if it's possibly in the realm of possibilities somehow maybe possible bad for trump -- [laughter] stuart: you're all right. thanks for joining us, see you real soon, promise, thank you. update on venezuela, neighboring ecuador tightening the rules for venezuelans who want to get in ecuador and flee venezuela just as president maduro devalues the currency, we have the latest on that mgx minerals' disruptive technology can extract lithium -

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

stuart: some venezuelans are having tough time getting out of their collapsing country, tell me more. ashley: pushback from countries that they are fleeing too namely perú, brazil, these are countries -- stuart: hold on a second, video from that town in brazil where brazilians rioted. ashley: attacking refugee camp. stuart: threw them back to venezuela. ashley: it's bad enough that you're trying to get away from

nightmare but the countries, 2.3 million people have left venezuela to ecuador, perú and they were able to use national id cards and now requiring them to provide passports and a lot of them don't have them, walk 900 miles on the border and being pushed back and mountains that are 10,000 feet, they can't get across and walked all the way, it's absolute nightmare and to add insult to injury, now you have corrupt government officials charging people $1,500 so the correct documents. it's a humanitarian crisis. stuart: worst than that about the collapse -- >> so disturbed by this story, zoo animals are being stolen from parks in western venezuela near capital, buffaloes, they are disappearing because there's food shortage and people are starving and they have no

alternative. t very disturbing. stuart: that's just extraordinary, isn't it? >> humanitarian crisis. stuart: total collapse. somalia of latin america. dreadful stuff. coming up, electric car maker henry, the man himself, the company competes with the es lea, does it think it's time for musk as in tesla to go, we will ask him in our next hour.

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stuart: you know virtually all of the world's car companies are making or developing electric vehicles. the problem is few people are actually buying them. we're told this is the way of

the future. big bets are being made on going electric but sales of electric cars better pick up soon or those bets will turn sour. look at this. electric car sales in the united states totaled 116,000 vehicles in 2015. that grew to what, 199,000 by last year. that is nice growth, got it. but still a tiny sliver of the 18 million vehicle market in america. yet the electrics have a lot going for them. there is still a federal tax credit available for people that buy them. the reviews of cars themselves, especially tesla, have been very positive. since they have zero emission, climate warriors can say they are saving the planet and saving money on gas as well. so why aren't they sell? electrics do have their problems. tesla has had trouble getting the model 3 on the market. it is not that cheap when it does arrive. there is it supply problem. there is a recharging problem. it takes time.

charging stations are very few and very far between. plus gas costs less than $3 a gallon, so you're not saving that much. by the way a lot of gas car drivers get annoyed when they see empty parking spaces in a crowded garage reserved for only 100,000-dollar tesla cars. finally the accusation that fossil fuels like gasoline are killing the planet. that is it losing its sting. voters put climate change way down their list of priorities. the car-buying public is not buying. they're not buying electric cars in any number. they're not buying the argument that electrics save the planet. wouldn't it be nice if the government just got out of the way and let us buy the cars we want to buy? the third hour of "varney & company" is about to begin. ♪ stuart: by the way later this

hour we get reaction to my take from henrik fisker, the ceo of the very high-end electric automaker. i wonder what he thinks about the argument, let the government get out of the way. left us buy the cars we want. we're on the brink of the long lest bull run in history. ron carson is with us. he is with the carson group. ron if we make it to tomorrow without a crash, we'll be up, the bull run will be 3543 days long, longest in history. do you see anything that is going to stop it? >> i don't think so. the market has been amazingly resilient. we continue to get good economic numbers out. gdp is stronger than expected. productivity much better than expected. this one of those numbers that we're really worrying about.

everyone reentering the work force, will we have inflation as we bid up for people to enter. productivity grew. that is good news as well. you made a comment, get the government out of the way. will rogers said we don't get the all the government we pay for but we're getting less government. stuart: was it roy rogers? >> i don't know. whoever said it was right on. stuart: it is a great statement. i will figure out where it came from. repeat it some point on the show. it was what i thought, a piece of positive news on trade this morning, that kind of called a truce on the imposition of car tariffs against europe and against mexico. i call that good news. do you think that is it wrapped into the market today, pushing us up a little? >> i think so. the market has been worried about trade. wilbur ross came out, they were going to fast track these tariffs for autos. they have 20 days to actually

do -- 270 days to do something about it. they can push out to next year. trump administration, trump specifically, smart, he is looking at the midterm elections coming up. he is walking a fine line between because our economy if we get into a trade war and confidence starts to wane a little bit that will not be good for the markets. you're definitely seeing a little bit of a relief. earlier we said there would be a lot of sabre-rattling. ultimately some concessions to the u.s. ultimately it will be a non-issue. the bigger issue for china on down the road is increasing less of debt. they seem to get less growth out of that in the property markets. that will probably be a bigger issue than trade. stuart: by the way, ron, it was will rogers who said, it is a good thing we don't get all the government we pay for. >> i knew it was a rogers. stuart: that might be the only bumper sticker i would ever allow on any car that i own.

could get keyed for that as well. the big tech names they have had a minor league pullback recently, kind of a paws in their march upward. but i think you like that group. you like the big techs. do you think they're going higher still? >> well, i don't know. love the, i mean i love the names, companies, valuations are stretched in here. we definitely would probably, you know, look at select companies, smaller cap names, international still less expensive than the u.s. they have had such a big run. i know you love microsoft. i should had a dream about microsoft. questions about it. stuart: i own a little. >> i woke up and microsoft all of sudden was irrelevant and out of business. it was, weirdest dream i ever had. i hope that is not your future. stuart: what the devil are you doing come on this program, talking about microsoft? carson, you're killing me.

do you any of the big tech stocks? do you own them? >> we definitely own some of them. we lightened our positions in here. technology is one of those things, ray chriswell said it, technological advancement is trickle up to this point, the avalanche is near. we're going to see amazing change, you know, over the next two or three years, more than we can anticipate. even companies outside of the u.s. look at alibaba, reading very interesting article over the weekend, so enat that greated. they leveraged artificial intelligence. we will see names not necessarily household names in the u.s. become household names. stuart: i want to segue to susan, who has a story about the europeans trying to take money off of american tech companies if they don't remove, terror content within an hour? susan: terrorism propaganda. you have to remove it within 60 minutes, that is what the european union wants to move

towards. tighter handcuffs for technology companies operating in europe. it makes you think how far is too far. they have asked, legislated for these online companies to of course remove terrorist propaganda. they want to find those that don't remove it within 60 minutes, right? stuart: would seem almost impossible. it's a grab bag for cash. susan: you have to hire a lot of people. facebook hired thousands cut into their revenue, why the stock is down so much from the earnings a few weeks ago. they're trying to use a.i., artificial intelligence, to comb through a lot of the data. it is hard to enforce. sick at this minutes is small window. ashley: they set the bar high i it is ridiculous. stuart: knowing you have to pay. ron carson still with us. last one for you, ron? you do like disney.

why? it is close to a record high, isn't it? >> it's a close to a record high. go back to 2015, it was 120, 122 bucks a share. a nice dividend yield. one 1/2%. but the key here is, you know, companies will have the intrinsic value build, build in the market and market all of sudden wants to pay for that growth. we think the fox deal is great. the content, disney fox, combination fantastic. with fox they get 39% interest in sky. by the way anecdotally, my brother-in-law the other night, he is paying everything individually on espn. they're changing their model. we think it's a buy here. stuart: i don't think too much of the dividend yield. 1%. i get 1 1/2% on microsoft for heavens sake. come on, ron, end the nightmare. okay? >> you get mickey mouse. who doesn't love mickey mouse. stuart: we'll leave it at that. ron carson, thank you very much

indeed for joining us. >> thank you. stuart: you have to look at nvidia, chipmaker. it will reportedly pull out of the crypto mining business. he says it is nothing happening any longer. the stock is up four bucks. look at tesla, some suppliers from front page of "wall street journal," some suppliers worry about tesla whether they will get paid for not. not hurting the stock. 318. up another 10 bucks. coming up we'll talk to henrik fisker, get a take on my editorial. demand for electric cars, very, very low, weak demand. i will ask him about tesla. time for musk to go? i will ask. president trump tweeting about illegal immigration. he says a blue wave in november would mean crime and open borders. next former i.c.e. director tom homan, he was at the white house yesterday. we got his point of view. of course we're watching your money. it is the third hour of "varney & company" and we're up 75 on the dow.

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stuart: president trump returns to coal country tonight. he will campaign in west virginia for patrick morrissey who is hoping to flip the seat, the senate seat from democrat joe manchin. while he is there, mr. trump likely unveils his details on the proposal to rewrite the clean power plan. that was president obama's effort to slow climate change. this president will reorganize that. lou dobbs will have full coverage of the president's rally in west virginia tonight. lou dobbs starting 7:00 p.m. eastern time on the fox business network. president trump tweeting about illegal immigration this morning. here it is. i'm sorry to have to reiterate there are serious and unpleasant consequences to crossing the border into the united states illegally.

if there were no serious consequences, our country would be overrun with people trying to get in. and our system could not handle it. come on in, former acting i.c.e. director, fox news contributor, thomas homan. you were at the white house yesterday for this event honoring ice officials but i believe that you guys are now the villains. the left, democrats, will characterize you as the villains and it is never going to change. what do you say? >> well, first of all i was not at the white house yesterday. got lost in translation. i was invited but actually was in atlanta with high school buddies from mine, all american patriots and who all support this president. but look, i knew about the event. i knew it was coming. i thought it was a great event. i watched the tape this morning. this president stands by his words. he has the backs of border patrol agents and i.c.e. agents. you're right the far left wants to vilify the men and women of i.c.e. for merely enforcing the

law. stuart: you're almost the enemy now. i don't think that is putting it too strongly. that is the way the left wants to see you guys. they want to abolish you andville noise you the. >> if i'm the enemy to governor cuomo and senator gillibrand and rest of them i wear that as a badge of honor because i think america wants border protection. america wants criminals removed from this country. america wants law enforcement. far left, have at it. i wear that as a badge of honor. stuart: do you think this abolish i.c.e. movement will really come to anything? because i got to tell you, tom, i don't. i simply can not imagine border enforcement will be despensed with. i can't see that happening. what about you? >> as i said, true americans, they expect law enforcement officers to enforce the law. if they abolish i.c.e., if they abolish i.c.e., if you get by the border patrol an enter country illegally you're here to

stay because no one looking for you. look how ms-13 members they have arrested. look at nazi war criminals removed by i.c.e. drug trafficking cases and drug trafficking cases and child predators are arrested. american people want law enforcement to do their job. they want to feel safe in their neighborhoods. they have a right to feel safe in their neighborhoods. stuart: that was a picture of the former nazi labor camp guard who is now 95 years old. i.c.e. picked him up in queens, new york, and sent him out of the country. he has gone back to germany. i suspect this is one enforcement action which will not be criticized at all, right? >> i'm sure there will be some that criticize it. i came to headquarters in d.c. in 2009. we've been trying to remove this guy for a number of years. you know what changed? this president made a change.

22 nationals didn't want to return because. now it is nine. stuart: i did not know that. that there were nearly two dozen countries said no, we're not taking anybody back. we're not taking them back. down to nine countries saying that? >> nine when i left the agency month 1/2 ago. the president is holding these countries accountable. you will tyke them back. doj, dhs, department of state accountable. when he found out about this issue he took it head on, we went from 22 to nine. when i left we had visa revocation requests on another six to get it down to three. i don't know what it is, the president took the bull by the horns. american people need to understand it. stuart: we'll call it progress. tom homan, thanks for being with us. >> thank you, sir. stuart: check out bitcoin. what is the price $6419.

gold, $1195 per ounce. cheng the price of oil, up 84 cents. $67 a barrel. check the the price of gasoline holding at $2.83. that is the national average. same price as yesterday. listen to this, sales of luxury apartments in new york city are plummeting. i say who in their right mind would move to new york with all of the taxes you've got to pay and tax reform which will make it even worse? we'll get to the story momentarily. a new study looks at states where $100 would go the furthest. can you guess which state gives you the best bang for 100 bucks? is california on the list? ashley: no. stuart: check out sacramento while you wait. ♪

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stuart: okay. the sports alert. are you kidding? by now you have seen the video of the nun with a great fastball. that is sister mary jo, impressing baseball lovers around the world with her first pitch at the chicago white sox

game on saturday. she will join us in this studio later this hour. i will talk to her president big moment on the pitcher's mound. ashley: signer up for the mets. stuart: the mets, that was cruel. on the show, later this hour. now this. new study looks at states where your money goes the furthest. all right, ash. ashley: start where it goes the furthest. 100 bucks work out 115 on national basis that would be mississippi. 100 bucks goes a long way in mississippi, at least further than in other places, followed by alabama, arkansas, west virginia, and kentucky. the question is where do 100 bucks not go that far? value of it is hawaii. it would be worse, $84, actual value. followed by washington, d.c., new york, california, and stu's other favorite place, new jersey. so stu moved from new york to new jersey and you're still

getting hammered. sorry to say. pennsylvania looking good, stu. just saying. stuart: stop it now. i'm just a jersey boy. ashley: yes, i can tell. stuart: hoboken. market come back a bit. we were up 90. now we're up 48. got that right. next we talk to our market all-stars, making money host charles payne and dennis gartman. we're approaching the longest bull run in history. all right. now you know. check out st. louis. ♪

stuart: gone back up a bit. now we're up 62 points. i believe the volume is very low. it is late august, mid-summer, don't get a lot of trading then. we're up 60 points as of now. we have even split, winners, losers on the dow. tomorrow should mark the longest-ever bull run. charles payne with us, host of making money on the fox business network. tell me what stops it?

>> uninterrupted market without a 20% pullback. what stops it? what economy slows down, valuations get too high or federal reserve make as misstep or some event we can't fathom at moment. other than that, all signals suggest it should go significantly higher. stuart: significantly higher? >> significantly higher. stuart: for our viewers, many who are investors, worried about getting into a mark the can after this huge bull run, you would say pick your stocks and get? >> absolutely. you know, listen, they're always worried, always afraid. there is only one, there is a heartbreaking aspect to all of this the fact that so few people have participated. signs i like in the last two weeks. the market has been able to rally without the big tech leadership. friday deere was a big name. estee lauder we're back to the retailers, tj maxx. moment ago, dow jones transportation average hit a all-time high. if you go back 100 years, one of the biggest theories in the market that you can't have a

rally without the transpos leading way. russell 2000 hit all-time high two weeks ago. that is the domestic economy. the housing stocks today are the big surprise. toll brothers you mentioned earlier in the show. valuations are low, the growth is there and it is really an amazing thing. so i would not worry about where we've been. focus on where we're going. by the way on that note, jpmorgan, big news this morning, free internet training, free on-line training. stuart: free? >> free trading for 60 million of their american customers. 100 trades, first ones all free. they want a piece of the action. they see this working as well. stuart: free, first 100 trades. >> right. stuart: free? >> free. stuart: that's news. >> jpmorgan. stuart: thank you for bringing that. i didn't know. good stuff. bring in dennis gartman, publisher and editor of the guard man letter. i have -- the gartman letter.

what stops it, dennis, and where is it going. >> mr. payne made the right statement if the fed does something untoward or geopolitical circumstance that comes out of left ink, india, pakistan, something perhaps with russia, unless there is some geopolitical sir stanes comes out of left field or the fed tightens monetary policy too tight it is still a bull market. old turkey, one. great characters in the reminiscent of a stock operator said, after all it is a still a bull market. moving from the lower left to the upper right. write this down, it will stop when it stops, not a moment before. [laughter]. stuart: are you going to get that one? >> why i make the big bucks. stuart: whatever you say. hold on a second, you can't get away just like that. how high are we going? the dow is at 25,800 as of now.

where is it going? >> the best that one can say, stuart, it is moving from the lower left to the upper right. every time you try to put a number on it, every time you try to put a date on it you look like a fool. all i can say it's a bull market. it surprised me with its strength but it is breaking out to the upside. if you want to own stocks in the united states, hedge your position, hedge them being short over in europe. they are have more problems. hedge them by being short in asia, they have more problems. capital flowing into the united states because we're deregulating. the fed is tightening but not in obscure or untoward manner. you want to be a bull in our stock market. that is the way it is hold on, dennis. back to charles. news this morning we may have had a truce on auto tariffs specifically with the europeans and germany and mexico. i read that as good news. what say you? >> absolutely. i think there is almost certainty we'll have a deal with mexico before next friday. stuart: before next friday?

some kind of a deadline? >> just reading between the lines, seeing where they're going with this artificial deadlines we have in place for some of the tariffs gone into effect. i think president trump doesn't want a to waiver on any of these. if he promised them he wants to do them because he wants to keep the strong hand going. obviously the shift will go back to canada. germany has said we want some sort of a truce. they are the ones selling bmws, the mercedes-benz. you have to appease someone like macron, i don't know what he wants but other than to be a fly in the ointment. really. stuart: nice way of putting it, charles. i got it. back to you, dennis, do you think we'll get for political reasons, some kind of deal with the europeans on nafta, or maybe even with china before the midterms because it is very much in president trump's political interests to do it? >> one would hope that is what is going to happen. one would hope the president has

been, has been negotiating, taking a tough stand. one would hope that. i have my doubts. i'm always fearful. because i'm always fearful of any things when it comes to any trade restrictions of any kind. stuart, let us hope that is what is going on. i think we'll do something with mexico. charles is absolutely right. they want to get that done before the new president comes into power. i'm almost certain we'll get something done with canada. why would we not want to have a free-trade agreement with our best ally in the world. hopefully we're not doing anything untoward towards the europeans. time will tell. stuart: dennis, i know you don't invest this big tech. i have money in microsoft. i've done very well. last question, should i sell it now. >> it is moving from the lower left to the upper right. put a stop underneath. act like a good professional. put a stop underneath it or buy a put. that is probably the way to go about it. stuart: act like a good professional. are you implying that i'm a bad

amateur? i was getting into microsoft in the 20s. now it is 100. ashley: 1920s? stuart: not 1920s. ashley: $20, gartman, you're done. thank you, dennis. last one, sir, sell my microsoft, yes or no? >> no. stuart: thank you very much. thousand this, sales of luxury apartments plummeting in new york city. susan i think this is because of tax reform. you will tell me otherwise, aren't you? susan: we're talking about first half, 31% drop in condominiums. this is necessarily new developments and this is because of overpricing. when it comes to co-ops, larger apartments, co-ops went up 10% in terms of sales in 2018 compared to last year, and anecdotally i have a friend shopping for expensive five million dollars and up apartments. he says difference in quality

you see, at the same price is just ridiculous. this shows there is a lot of information and in the market. you don't know what you're getting in that market. stuart: you think it is coming down because it was overpriced? >> absolutely overpriced. they were putting these high price tags, someone, foreigners looking to get a footprint in real estate, looking to pay those prices. stuart: wait a minute. i will turn to charles payne. susan: they can afford a 5 million-dollar apartment, yes. stuart: the sales are down because high income earners don't want to move into new york city because they would be killed on taxes after tax reform. that's what i say. susan: i don't know. stuart: charles will definitely agree with me. >> i don't disagree with you. stuart: don't disagree. >> but i will say this, also, let's talk about the glut. golly, look at building, wonderful for the jobs and anyone in construction but we've got a good old-fashioned glut going on in our midst. by the way a lot of these

apartments, really expensive ones, talking 50, 60, 100 million-dollar apartments, that is just these foreigners -- ashley: foreigners. >> that is them getting cash out of the countries. wealthy chinese. wealthy russians. they know someone knocks on the door you can't grab all the cash. you grab your bag, jump out the window head to the airport. good if you have a 100 million-dollar apartment. a lot have never been lived in, never been lived in. we have a hell of a glut in new york. susan: value store for them. ashley: overpriced. stuart: do you know of a single 1%er who in their right mind would move into new york city now, knowing that they will get murdered by tax reform, new york city tax, new york state tax, and federal tax? susan: again, do they have to be americans? i know a lot of overseas -- stuart: take a job. susan: immigrants. stuart: they will not live here for 180 days or elsewhere. playing it straight.

they're 1%ers. why should they move into new york city? susan: good question. if you have a high executive job, aren't they clustered around the big city, around new york, if you're moved here by a company, forced into the city. stuart: but i'm going to make a whole lot less money moving to new york city, i ain't moving. ashley: stu is moving to pittsburgh. susan: don't want to live in new jersey, okay. stuart: i want a studio built for me in naples, florida, no state tax, no state income tax, don't see why i can't do it. ashley: let's do it. let's go. stuart: okay. susan: won't see you in manhattan. stuart: you never know your luck. i will take a look at streaming stocks. new report, password sharing costing streaming companies millions of dollars. the streaming stocks are up. check amazon. reportedly working on a dvr to

record live television, taking direct aim at tivo obviously. amazon is getting back to almost $1900 a share. again, how about apple? expected to start taking preorders for the its new iphones, plural, supposed to be three of them, starting september the 18th. look at mylan, maker of the epipen. earlier this morning we talked to health and human services alex azar. he told us the fda is extending the expiration dates of certain lots of epipens in response to the shortage. big deal, especially for back to school time. the latest on tesla. some of its biggest suppliers don't have the cash on hand to pay them. we talk to henrik fisker, about elon musk. is it time for him to go. talking about electric cars, who wants them.

not very strong demand. let's see what he has to say. mr. fiskar. show you weather before dawn. honolulu. a cat-4 hurricane is headed to hawaii. ashley: yikes! p ♪ 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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♪ >> i'm adam shapiro on the floor of the new york stock exchange. the dow is up almost 88 points. you have the s&p 500 up 11 points. it is a strong day. there have been strong earnings. for instance, tj maxx, that stock hit a new high, $107. it is up for the last 52 weeks, 42%. earnings per share, $1.17. that includes by the way some of the benefit from the tax cuts of 2017. the adjusted diluted earnings were actually 99 cents without that tax cut. tj maxx is a big winner today. kohl's is a big winner at least for the last 52 weeks, up 111%. that stock is trading down a bit today, despite the strong earnings. we have more retailers after the bell. urban outfitters reporting after 4:00 p.m. more "varney & company" after this. ♪ mgx minerals' disruptive technology can extract lithium -

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pilot plant aims to produce lithium-carbonate one hundred times faster than from conventional lithium brine. mgx minerals stuart: still talking about tesla. its suppliers worried about getting paid a lot of people questioning whether elon musk should or should not go. joining us now is henrik fisker, chairman and ceo of fisker incorporated, the electric car people. henrik, welcome to the show. >> thank you, stuart. stuart: should elon musk go or at least move away from his current role as ceo, go into a corner, and be a visionary? should he do that? >> well, stuart, if henry ford

would have been ousted and replaced by joe block, we probably wouldn't have ford today, and wouldn't have automotive evolution. to run a business of a start-up company from the beginning to its well-oiled machine is extremely complex. there is no recipe out there that can do that. i would say, you have to run. it has to be the founder, the guy who understands the insight, the complex decisions that can be part of the development of the vehicle that has to run it for sure. i'll be running fisker until we're a well-oiled machine. there is no profitable, well owed, start up campus you can hire a ceo. i tried myself before, i hired two ceos. in the end i got the blame for decisions they were making. they just weren't able to do it. so it is just not possible to find somebody to run a car company while it is in a startup

phase. stuart: you know what you're talking about, that's for sure because you're the man behind fisker electric. so you know what you're doing. i do want to ask you about demand for electric cars. i know you're very, very high-end electric cars. so i am separating you out from the rest of the pack but i see in last year, in 2017 there were only 199,000 electric cars sold in the united states. we got 18 million vehicles sold in america last year. that is a very, very slim sliver of the marketplace. there is not that much demand, is there? >> well, i think demand has to do with the products that is offered and right now we just don't have a desirable product offering. so for instance, you said we are high-end. that is where the initial market is, but we actually have partnered up with one of the largest oems in the world to introduce a high volume vehicle, that would be affordable, profitable.

we would offer different variations. once we have desirable, exciting, affordable vehicles on the market, there will be demand for them and it will also happen because we have many countries outside of the u.s. which are forcing the growth of electric vehicles with various incentives. some countries might even ban gasoline and diesel seas. that will force the electric vehicles coming forward, not only in the u.s., but outside of the u.s. stuart: henrik, i don't particularly like being forced to buy a car which the government thinks is good for me and the planet. can't we get to a point where i can buy whichever car i can afford and government get out of the way, wouldn't you like that? >> absolutely and that's why i'm saying that here in the u.s., we will have desirable products that actually people want to buy, they're not available in large-scale today, there is maybe one or go choices of an

electric vehicle, below $40,000. many variations are not available. there is not any electric suv, minivan, et cetera. so the limited choice is one of the reasons that we don't see large-scale sales of electric vehicles. as well as pricing and that is why we have gone forward and made a partnership with a large oem to actually increase the volume of the electric vehicle parts. that is one of the issues, get those prices down to be able to create a profitable, high volume vehicle. stuart: okay. the administration is pushing back the timetable for these tariffs on cars coming here from europe and from mexico. it is kind of a pause in the tariff trade deal disagreement here. what do you think? >> tariffs is not good in any sense, and you know, they are originally made to make it

possible for some countries to create new technologies in their own country, and it is kind of now reversed into becoming something to protect an aging industry or an inferior product. so in the end of the day, tariffs are not good. i think of course, in the u.s. we are creating the newest, best technology, which means we are always a threat when we export our products but at the end of the day, people still buy the u.s. products because they're the best, even if there are some tariffs on it. but eventually need to get rid of all tariffs, or they will be equal and right now they're not equal. i think that is a problem. stuart: got it. henrik fisker, pleasure to have you on the show, sir. one last question, real fast, how watches that very fancy electric fisker that we saw on the screen? how much? >> well, we sold it for around $100,000 but our next vehicle, high volume will be less than $40,000. stuart: that is on the screen,

100,000 bucks. thanks for being with us. always appreciate it. >> thank you, stuart. stuart: let's check at the big board, gone back up again, nicely so, 85 points up for the dow industrials. and headlines because she threw a pretty good first pitch at chicago cubs game. she is walking into our studios. this is sister mary jo. i want to know what she will do with the new-found fame. she is famous. ♪ sorry about that. [music playing]

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stuart: special, special guest, the nun who threw out the first pitch at the white socks game this weekend. she is here in the studio with me. she is sister mary jo sobiak. >> exactly. well-done, stuart. appreciate that. stuart: i'm told that was a perfect pitch. i don't think so. it was barely a strike. >> it should be, as ash said, should be something just a little out of the zone to chase it. catch the corner or something. stuart: have you done this before? >> i never done it before, no. stuart: really?

>> no. i played enough softball in my life. organized sports since i was a fifth-grader. i've been doing that my whole life. but on a major league hill, no, no. stuart: why was it you that threw out the first pitch? >> well the dominican sisters of springfield, illinois, founded marian catholic high school. so we're celebrateing our 60th us here. there are 40 of us, four of us sisters still ministering at school 60 years later. they chose me to represent them. stuart: here is what you did to the fox news channel anchor, earlier this morning on "fox & friends" look at that you threw the ball, have to hit a certain point. oh. >> i know. i baptized her. look at it that way. i look at it like that. stuart: you have to hit a pretty

small area. >> i'm youngest of 10. so i had to really battle to keep my, you know what i mean. i know how to hit the target. stuart: when you walk out now, you walk outside of here, a lot of people will look at you. i've been telling people all day. i feel like i'm famous in the last room. nerves on the found. compared to nothing to standing in front of 26 adolescents every day. stuart: you weren't nervous on the mount? >> nervous enough to keep me on my game. stuart: ashley: you have never thrown before? >> not in major league setting. stuart: sister be mary jo, you were fun. what you did with ainsley. we'll hear about that. stuart: as you are on the show, market turns sharply higher. thank you, mary jo. >> god breast -- god bless you. thank you very much. stuart: weil wrap it up with

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- [woman] join the millions of customers 50 and over who trust the hartford. call the hartford at to get a non-obligation quote or go to . stuart: we have maybe a minute to go before we close our show. we often ask what's favorite story of the day. >> that was a tough act to follow. >> sister mary jo. >> i thought that was wonderful. i would have liked to see the throw the chicago white sox game from over her shoulder. >> it's just low and outside which is great. gets the batter to chase it. >> she was so confident. had a bit of sass, the shoulder bump before launching into her first major league pitch. stuart: you really liked it. >> i liked what she represents for us females, women. stuart: the most nonfinancial block. >> you can get that.

stuart: i got -- >> divine help. stuart: should i call it the rally of sister mary jo. >> yeah. stuart: why not? it sure beats trade, doesn't it? >> yes. stuart: i'm totally done, out of time, neil, it's yours. neil: you were lecturing a nun on her pitching game! like a saint comes into the newsroom, by the way i didn't think it was that great. [ laughter ] >> it was awesome. i really, really loved. that but i thought it was going to be like an exorcist thing with you. the power of christ compels you. >> just because i'm an episcopalian. neil: hey! what league are you? thank you very much. man, this was great. phenomenal. i don't know how can you top that, frankly, but the heavenly winds are blowing to the market, can i say that? because tomorrow could be the big day unless we crash within