maria: he was and he was not political. he went both sides of the aisle but gave his advice. >> the fed right still heed his advice in the coming quarters. >> and they are raising. maria: thanks for joining us. have a great day. great to see you all, matt, thank you, arnie and comedy begins right now. stuart: good morning maria and everyone. this is big. this is important. a riot in hong kong that threatens the authority of china's president xi. dramatic scenes today is tens of thousands of demonstrators took to the streets again. they don't like the proposed new law that would allow beijing to seize anyone off the streets of hong kong and take them to trial in communist court in beijing. that includes dissidents, authors, publishers, business executives and even tourists just passing through. remember, president xi is expected to meet president trump

within two weeks and they're trying to get a deal on trade but with this going on in his own backyard president xi has a problem with national unity. hong kong is now a factor in the u.s., china relationship. the protesters close down central hong kong are to be met with tear gas and water cannon. let's go straight to connell mcshane reporting for a flight from hong kong. connell, have the authorities to spend a debate on this new traditional? reporter: they have delayed it, stuart. that's a significant development. earlier in the day today that was supposed to be the news of the day that this extradition law, which you described, was to be debated in the legislator in hong kong but just before noon on a wednesday that debate was delayed because nobody could make it into the legislative building to have the debate. the protesters have blocked it off and did something but i've

never seen in covering a protest like this is they use the police barricades against the police. they tied the barricades together so the right police gather there earlier in the day could not get near the legislative building and the authorities left with no choice. what happened next? we are not sure. we spent a number of hours with the protesters earlier in almost all of them are young people. they talk about a hong kong that is free for their entire life and say they don't want that to change and wanted to stay the same. they will stay and continue to protest for as long as it takes. to your earlier point, the police did come in with tear gas and what rubber bullets and many of the protesters as a result were dispersed. we continue to follow this and were supposed to be in hong kong for the next two days before moving on to china ourselves to do reporting and it's anybody guess as to what happens next year. stuart. stuart: colin - connell mcshane in china. he watches asia and i want your reaction to these protests and the suspension of debate. what do you got?

reporter: most important thing is the protesters one. if you go back three, four days ago everyone said there'd be the second reading of the extradition bill but it has occurred and who knows what will happen in the future? because the protesters want today they are emboldened and probably going to continue to do this and will create the standoff with the chief executive of hong kong is now in a very difficult position. stuart: president xi is in a difficult position. reporter: absolutely. stuart: i suspect there was going on in my kong is a challenge to his authority, and my right? >> you are certainly right. he was the one with the hong kong portfolio and he is the one who set this hard-line tone which means he's now being held responsible for this. he's being held responsible for the trade war and for hong kong. that puts him in a difficult political position because his enemies and there are a lot out there who have been quiet but are out there to use this against them. it's another arrow in his back.

stuart: he meets theoretically president trump within two weeks and he's got a choice, president xi has a choice. he can crush the demonstrators vigorously or he can let the demonstrations continue and hover in the background or he can retreat entirely, withdraw the proposed extradition law. what will he do? >> i wish i knew. [laughter] there's good arguments for all of it. president xi is a hardliner and is never disappointed those who expected him to take the worst possible position. i suppose he will continue to push the extradition bill because if he doesn't they will say he has failed. that is what is going on. with gary lamb, top woman but she's not going to do this on her own but doing this, i believe at the direction of beijing which means essentially we have right now a china credit crisis. by the way, the issue is will they bring out the chinese military on the streets of hong

kong? there is a pla garrison and they've stayed in their barracks for hanover in 1997 so the question is people are asking this will there be another tenant tiananmen. the government declared this a quote unquote riot, punishable with ten years in jail. i'm worried that they will bring the military out. i hope they don't do it but president xi is anything is possible. stuart: i know you were in hong kong a couple weeks ago recently and this extradition law was being debated at the time when you were there in the streets - what are people saying? are some people leaving hong kong? >> the plot is is if this extradition bill goes through there be up. of six months while china does not push it but china will push this and that's the reason they want the bill in the first place. you will see financial businesses move out of hong kong, back to new york, and regional headquarters go to places like singapore and tokyo

and maybe taiwan. there will be an exodus of businesses. it will be slow at first but will continue because people want to rule of law and will not get in china. stuart: is this right a factor in the u.s. china trade dispute? >> i think it will be. for the reason you point out is that journey has two crises on his hand and will affect his decision-making and both will affect the other and i think it will push him into a hard-line position. remember, president trump is taking tough positions on china and that is going to be interesting for president xi because he has to stand up. he is quote "-right-double-quote the man there and has to act in a way that does not disappoint the hardliners in the chinese political system. stuart: gordon chang, thank you for being with us and an appropriate appearance of morning. >> thank you, stuart. stuart: we will follow this and anything develops you know about it fast. it's a big deal. futures show a modest drop for the dow industrial , nothing

serious, dow down 40 on the dow. here's something more important for the market place overall and that is the price of oil. they struggle back or down $52 a barrel as we speak. look at this. national average for gasoline regular $2.72 down for 12 straight days and looks like were headed for $2.50 by july 4. that's the competent protection from gas buddy. jack joins us now. i think this news on gas, not the saudi oil but gas is unadulterated good news for the economy. is it? >> good news but i don't know i was a unadulterated but slightly adulterated but i'll tell you how. if you drive a big gas guzzler you will save $5 or more at the pump and i think prices will continue to decline because it's the summer driving season so it helps. one reason oil prices falling is

because some people are cautious about things like global trade with the tariffs going around that those people end up being right we take it to trade in the economy there might be other problems you would rather not see. maybe we might reach a point where you not have that trade for cheaper gas but problems with manufacturing and things like that here. i don't see such reason for caution in the economy. stuart: hold on a second cousin the salting speaks to me to trump's policy of energy independence. i have a forecast here that this year america will produce 13.4 million barrels of oil a day and that texas will produce 5 million barrels of oil a day which is greater than the production of any other opec member other than saudi arabia. >> if this is about supply, you are golden. if it's about the demands and fears of demand then you're golden. if those fears. right on the road you may have convocations but i think overall

very slightly adulterated good news and certainly when you look at gdp growth and look at the consumer of twenty-year sentiment high. stuart: optics slight adulteration. let's go to tesla. they held their annual shareholder meeting yesterday. elon musk took the stage and speaking out there and says look, there is no demand problem, no demand problem in the stock is up $6, 3%. >> i don't want to call it a fake it until you make it business but that's what it is here with tesla. he will talk about it demand problem but if you're a consumer and to give up trying to tesla you have to be concerned about residual value. people will not buy the chevy volt. it'll be around if years and the brand will mean the same thing about what it means today. cannot take a big hit on residual vehicle with chevy but with tesla it could base a binary outcome in years to come but it could become a big deal or they could struggle. there were talks about people saying the older models are seen falling off demand and if you

don't think you'll be able to get a good resell value on the vehicle two years on the road than that becomes a problem for leasing, financing and everything. elon musk needs to show supreme confidence to everyone who asks right now. stuart: he's good at that. [laughter] >> the bond yields more than 8% in the yield at 5.3 issued a couple years ago so the predators creditors are showing - what you're giving me 8% of the bond, the risk is there. i like the yield but don't like the risk. jack, thank you. one more time. here's how we will open this market this wednesday morning. a loss of about 40 on the dow and maybe 25 down on the nasdaq. take a look at you and meet, what a position. done big after getting a downgrade from j.p. morgan but the company has a new and improved meatless burger.

in our next hour we will talk to an earlier investor and beyond meat. is that stock a bubble? good question. i will ask him. this morning it's back up $4 at $1.30. is the company teaming up with uber to sell snacks and drinks during your right. it's like having a mobile mini bar in the back. the company is called cargo and we had the ceo on the show today. mobile mini bars in uber. progress going out to tech after a series of hearings. we'll talk to one lawmakers in the room. i have very specific questions about what he wants to do with facebook and google. wednesday morning, varney just getting started. ancestrydna told my dad

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stuart: the news is happening sick and fast. uber announced the first ever commercial drone delivery of food. it will begin testing in san diego. the stock is that 42. 11:00 o'clock hour this morning we have the head of uber eats,

first on the foxbusiness with susan. that's coming up later this morning on this program. about to get to this. women's world cup in france. thailand received an - courtesy of team america speed it was not pretty. they want 14 to nothing and the goals cap flying in almost every other minute but the question after the game was what is this piling on and also questions about the celebrations of the u.s. players running around at the end like they won the entire tournament some people called it disgraceful while the thailand team lined up after the game in tears and i have no problem with them winning 13-neil but that's the way it is. not plane up to your potential because you're winning so much is more disrespectful but however, i do think the celebrations were excessive speed what you think the celebrations were excessive.

i will agree entirely with that and i also think team usa should've backed off a little. you're winning six, eight, you don't need to win 13. >> i don't know about that. they were playing at the best potential. happy about it. i think that's okay. thailand needs to step it up. stuart: i don't like humiliation. it has no place in the world c cup. ashley: maybe it would put thailand to put more money into soccer. stuart: the producers are laughing in my ear. i'm moving on it swiftly, big tech under the microscope on capitol hill. rolled that tape, please. >> as a result of this immense conservation of economic power publishers and local news a particular and little bargaining power with the online platform exacerbating the economic crisis for trustworthiness. this journalism crisis is also a democracy crisis.

sources of trustworthy news disappear american civic life suffers. stuart: i'm sorry, talking about a journalism crisis. interesting. joining us congresswoman doing the grilling, kelly armstrong, a republican from north dakota. i very specific questions and i hope that's okay with you. >> absolutely. stuart: people use facebook and you get it for free but in exchange you give them your information and they sell it and make money. would you put a stop to that? would you change that basic business model? >> no, i don't think government's role is to change that model. stuart: not at all? >> no, i mean, when you talk to particularly using antitrust enforcement it's very company specific in fact specific and if you prove that there are markets minimization or unfair competitive advantage and yes, there are enforcement mechanisms in place and we should utilize

those. to take it as a blanket statement without getting into the backs of each particular case is a little dangerous. stuart: understood. let me talk to you about google. google has gmail and i use gmail and google reads it and sells my information to third parties. i don't like that. will you stop it? >> i do think this is an area where we really do have to understand what's going on. data privacy is probably the next big conversation we need to have with in congress as we continue to move into the digital age. that's part of the question when we talk about newspaper or digital advertising because you can't decouple digital advertising and digital data. i already think they collect too much of it. i'm not entirely sure i want them to have more. stuart: last question. big picture, do you think any of the big tech company should be

flat-out broken up? >> i don't think the goal of antitrust laws is to break up the companies because they're big. i go back to what i said earlier it's a very bad to specific inquiry and if you can show there's engaging in anticompetitive behavior than congress does and doj does and should take remedies but i don't thank you can break them up just because they are big and i don't want to penalize any company for success. stuart: got it. kelly, thank you for answering specific direct questions in an open and direct way. we appreciate that because i'm tired of people saying we ought to do this and ought to do that and nothing ever happens. we appreciate you being on the show, kelly armstrong. i hope you can come back. >> thank you. stuart: sure thing. careful, you might be back. [laughter] check those futures again. down to 30 on the dow, down 25 on the nasdaq, we will be back. so, jardiance asks...

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stuart: here's a poll from [inaudible] that chose biden leaving president trump in a head-to-head matchup 53-40. by the way, that same poll shows every single democrat residential candidate beating president trump in a head-to-head matchup in every single one. come on in, cassie rnc deputy coming occasions director.

that is quite a lead racked up by joe biden in what is a reputable pole. your response. >> if you like déjà vu all over again. to think the last poll from 2016 had hillary clinton beating president drop by 15 points over careful to take any polling as a primary source. for we take as a real source enthusiasm and where voters are and what we see on the ground. in that regard let's take joe biden versus president trump. he had his event .-ellipsis pettit event two years ago in 2016 at the same place and more than five times the number of people there. you just off president trump tweet about the number of rsvps for his reelection announcement next tuesday and over 70,000 and that enthusiasm and that's what we should pay attention to and that's what were taking our cue. >> bear points. i was just astonished to see a 13-point lead racked up by joe biden against president trump. i'm not sure who was polled and

was not just democrats but across the board, i think but i was surprised to see it. especially every single democrat had a significant lead over trump in a head-to-head matchup. thanks for coming on the show and answering this extraordinary situation but we appreciate it. >> yes, of course. stuart: thank you. that's right. got that wrong. >> and brexit would lose. [laughter] stuart: dow industrials down - that's right, brexit would lose. dow industrials 30 points lower, nasdaq down about 24 we take you to wall street. after this.

stuart: i want you to look at this because it will go further south. average for gasoline regular a gallon right now $2.72 and it's on the way down because of something like this, price of oil this morning drop down to $5,152 a barrel and now listen to this. according to a new forecast u.s. oil production's on track to brigade 13.4 million barrels a day by the end of the year. that's extraordinary. what a contrast? >> think about 20 years ago when we were - extraordinary but no producer would have predicted that in the 70s when we had oil embargoes so it's a

testament to the fact industry. stuart: texas alone by the end of the year will produce 5 million barrels of oil a day more than any producer than saudi arabia. i can't see the price of oil going up in the price of gas to go down. by july 4 $2 80 cents national average that's my opinion only. we are off and running on this wednesday morning and we are dead flat in the very early going and i will call that dead flat. down 4.26041 and by the s&p that's pretty much the same dead flat, yes it is, check the nasdaq. i do declare. down about a quarter percent. 10 year treasury as of this morning yields 2.11%. joel, jackie and ashley webster, of course. shar, bone to pick with you. last time you are on the show i don't forget the date but it was

back in may 22 you said the dow could go down 10% depending upon trade, are you sticking with that? >> i am. we went down a little more than 6% and the fed came in the best in the markets and were back higher and still below, three and a half% below the dow, for a half% below the nasdaq and 14% load the market. that tells me stocks are trying to get to new highs but they can't do it there will be profit-taking and if we don't get a trade deal i don't anticipate we will now but i think there's been too much of a head-to-head balance between the president and i think both the standing the ground and i don't think we'll see anything out of japan but the markets will sell off on that. >> markets will sell off, joel, do you have an opinion on this. >> i think will trade within a tight range. i tend to agree with the sentiment that the trade deals and sour even more the markets can go further south and i think will be in a tight range. big opportunity are the small caps and [inaudible] 30% on news

and we've been maintaining this market because of low interest rates and i think the pullback in may give opportunity for companies to come in and buy stocks cheap. stuart: big picture is still all about china trade. deal or no deal that's where that. i want to talk homebuilders because mortgage rates are at a two-year low in mortgage applications have jumped 27% and that was last week's reading and i think, joel, refinancing is up even more than estimate yeah, up 97% on an annual basis and worsening activity, this may be further fueled for the bull market that we've had a year to date and so - it's a plus certainly but. stuart: i think were about 3.9 on the 30th with new numbers tomorrow. 382, you're right, all the way

down. put tesla on the screen, please. this is the day after their annual show meeting must says there's no demand pablum and the stock is up three and half dollars 1.16% and there's no demand problem at tesla. >> i think elon musk has to say things like this. it's company that lost 2 billion in cash in the company losing a billion dollars and about refinancing of about 2 billion and they are structuring their tables. i noticed recently that are ready for the first time ever is dropped and this is a company with cash flow problems and need to right the ship. i think he's being optimistic. stuart: you will not touch with a 10-foot pole. >> 12-foot pole. stuart: you? >> i think we got shorted and i was looking for 150 of the stock but i'm looking for points higher to get shorted again. i do believe the demand has changed right now in terms of what he's talking about but that's for the older book you got. in terms of demand petition is fierce is coming up on the heels

it will take that tesla business. i think the stocks at lower and will probably have another ten, 15 points and then it will be shorted again. stuart: all right. here we go again. as expected dow industrials are down 25, 30 points in the very early going with similar small off for the s&p 500. how about dave and busters? they gave a not so rosy forecast and look at it. down 90%. nine dollars lower at 41 and that's dave and busters for you. nintendo moving production out of china because of the tariff war and nintendo is down about 2% on that. price of gold where is that today? up $4 at 1335, bitcoin we not quoted that for a while - where is it? same old seven same old. let's talk about beyond meat. beyond meat shares had been on a

tear before yesterday but dropped badly yesterday and now the company says it's coming out with an even meatier, better burger get that? is up $9. [laughter] joel. >> well as an entrepreneurial company to have 150 million in revenue and trading out 64 times revenues and a lot of people want to short their stock but you got to be aware. it's a trap. 60 million shares outstanding, i'm sorry, there's a 49 million locked up and you can't touch it for 180 days so you have $11 million or 11 million shares float and five and half million shares short so they are running out about 50% short on interest rate the other day on may 10 when they spite they had 25 million shares traded so they did two and half times out in the volume and yesterday they traded 50 million shares so you've got a stock here that has got by the way the shortage is about 134% about the% a week so

you got to make the present and your short in interest rate it's called a short squeeze for your listeners. this short squeeze is real. they call it the tesla of 2019 that's what they're calling it. stuart: that's what the calling beyond meat? >> yeah good tesla had a short squeeze. stuart: with internals like that regardless whether you think beyond meat is a good idea but with internals - >> that's hit on the head it's a difficult spot to buy and makes it a difficult stock to trade. stuart: nothing to do whether you like beyond meat or not. short interest there. grocery train, kroger, stock selling cannabis -based products and that's cbd by the way. they will do this in a thousand stores. what do you make of that? >> everything is going to pot. [laughter] listen, everyone's moving towards it so why not? they are smart and huge outlet

with a lot of stores and it will be great. stuart: kroger try so hard. >> kroger management is excellent - i think . stuart: well, the stocks are a small rise not very much. >> look at that chart. well-managed company. opportunity down here and it has ups and downs but imagine management of this country is the best grocery store business. stuart: moving swiftly along. uber in washington dc with a flying car you are looking at. today we will talk about overeats later on the show but uber eats has announced the first ever commercial drone delivery for food. it's just a test but there will be in san diego. here it comes. the flying taxi, overeats delivered by drones. booted from the sky. stockstill at $42 a share. anyone have a go?

>> well, last night i was talking to my students and they were talking about how they tried a beyond meat burger and they were so disappointed big called something like not to believe but the equivalent and called it to get a real burger. i think something like this will be very interesting. stuart: i want to buy uber. >> what do you like about it? i don't get the technology. i think it's already happened and i don't know where they will go. amazon got out of that space but amazon has the money to fight in any space and if it got out of that space so that is to be something that uber eats will not move the dial for uber. stuart: i just want to be in an entrepreneurial company that's got a brand-new industry using brand-new technology and i want to be in that even at my age. [laughter] >> more each day are coming out. [laughter] stuart: i will take effect new reports, amazon surpasses google and apple as the most worth

brand. >> apple and google have had this for the last 12 years and pretty substantial they've had that. their premier players in the states but amazon been able to get this elevation, if you will is a big deal for the company and like you said, they are such a competitive player in so many different spaces. when amazon gets into your space it's like they will come and eat my lunch and people will worried about it and it's also the association with the fact that amazon does so much right now that they are getting this status symbol, if you will speak to they also fail fail delivery and - >> that was one fail destinations websites supposed to revolutionize the travel industry. stuart: to care that the most valuable brand. >> yes. touch points across commercial and private and i think it's not - it's become a verb. let's amazon it.

stuart: i've never heard anyone >> no, i have not heard that. [inaudible conversations] >> when you look at the top ten brands it five or six are entrepreneurial technology companies and this is one that went up the fastest over $100 million evaluation and at the end of day we want to see brand converted to stock and brand converted to revenues and revenues to profit we think about brand if you think about something and have a premium that's in excess of the average product in your industry that's how i define branded goodwill with the brand. stuart: what about the top branded for my my life? >> ibm. stuart: coca-cola. 9:40, joel, you're on your way out and you're okay. [laughter] gentlemen, thank you. appreciate it.

one more check of the big board. we reversed course and i were up 20 points just above 26,000. mark zuckerberg getting a taste of his own medicine with a doctored video of the facebook showing up on instagram and received thousands of views within minutes. we have that story for you. uber want you to buy snacks, drinks and other items while you're getting around it they are teaming up with a fast growing company termed uber rides into many bars on wheels. what a story. we have it for you. jon stuart lashing out at lawmakers as he calls for congress to extend benefits to 9,111th responders and victims. in the next hour will talk to the president of blue lives matter, new york city. first, watch this. >> sick and dying they brought themselves down here to speak and no one - it's shameful. ♪

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stuart: 16-point up for the dow industrial is a fractional gain to gain nonetheless. 26,055 is where we are. have a look at mattel. they just rejected a merger off of arrival toymaker and mattel is up five and a half percent. the ten year treasury yield lot to bring this week went very low level, 2.14%. then there is this year. a company called cargo is partnering with uber to give drivers another way to make money while they are in the car. i'm joined now by yo, jeff and mike murphy who you know well

from this program, original investor in cargo and sits on the company's board. not you first but this time we go to - welcome to the show. >> thank you for having me. stuart: we described this as a minibar on wheels, is that what it is? >> indeed that is what it is but we partnered with uber and have been operational for about two years and at this point we've activated nearly 30,000 drivers in the u.s. and abroad. we distributed over . stuart: what do i get? i climb into my override and there's a little box of goodies there is, a box that we manufacture imported to the u.s. and contains iphone chargers, snacks, gum, mints, advil essentials you buy on the go as well as ports you can plug your phones into to get an extra boost. stuart: you put the food in the box. >> yes, we supply the managed chain from end to end that allows the uber driver to sign up and strap it to their subtle counsel and we replace them by should be deadly to the home.

stuart: to the driver get a piece of the action can expect yes, drivers on average $100 month of the top ten drivers and they are about $300 a month. stuart: how many over cars in america for america have the minibar in the back? >> we've activated almost 30,000 drivers. stuart: 30,000. >> and a big waitlist. stuart: here is mr. murphy who really wants to get in but you were the first investor. >> we led the seed ground for cargo. stuart: what made you think it was a good investment? >> we saw that right healing was here to stay something we thought we continue to grow, not only in u.s. but globally in a way for drivers to make money in a way for drivers to be happy. remember, with uber they want their drivers to be happy so there on the road and working and driving and making more money. jeff devised a company in there so much more than the snacks there is the technology and the logistics but jeff had a company that would help you on the back

of a neighbor and help the driver by making more money. thought it was brilliant. stuart: and he got in on the ground floor. one more quick thing, you are going to expand obviously and you have 30,000 many bars in the back of america so what's your target, how many? >> we loved to be in the next couple of years quarter of a million or more we just expanded to brazil huge market on their with over 280,000 drivers in rio and são paulo alone and expansion coming over the summer. no shortage of opportunity. stuart: those who've been smoking recreational marijuana and have the munchies as they go home. >> we've got something for everyone and you need if you need your breath freshened on the date or if your hungry night we can take care of you. or go through ten different airports every couple of weeks like murph you could help you out with that as well. stuart: it felt like you made a good investment, mike murphy. thank you for being with us this morning. >> thank you for having me.

stuart: check the dow 30, seen not that much movement but 5050 between winners and losers in the dow is up just ten points. now this. senate minority leader charles schumer has a new target, sunscreen. why he's calling for investigation into the chemicals used in the product. what a story, we got it for you but out of hong kong tens of thousands of demonstrators hit the street again and met with tear gas and water cannon. this is a big deal and we are following this throughout the program all morning. we have sad news to pass along. martin feldstein was most influential economist of his generation and frequent unwelcome guest on this program has died. mr. feldstein at advice both political parties and served as ronald reagan's chief economic advisor for three years. when he was on this program he was always friendly, yet brought gravitas. he lost his battle with cancer yesterday. he was 79

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stuart: this is important. senate minority leader chuck schumer once the fda to take a closer look at the chemicals in sunscreen. roll tape.

>> there are 14 other chemicals in sunblock and some of they may not be as safe as they can be. the fda is already set in the next round of sunblock two of those 12 chemicals should not be used. we don't no, those are questionable, do a study quickly but thoroughly and make it public and then take any other chemicals out that are bad. stuart: sunscreen is the senators concerned with but bring in doctor mark siegel to see what he has to say. you start to mention to chemicals should we be concerned? >> first of all, as usual the senator is over blowing us in making a big political handwaving. i want to point out before is a word that sunscreen saves lives. can cancer there's more skin cancer in the united states than all other cancers combined. we have the basal cells we were about, screen cells and melanoma but sunscreen works. fda has already studied careful tight rhenium and zinc oxide and they are safe but people don't want that white stuff all over

themselves. using these others that are more invisible and have two chemicals in them, [inaudible] that may be associated with fertility issu issues, testosterone, sperm, i'm concerned but the fda should be looking into it more but he's facing everything he's saying i'm a study with 24 people. lots lower the hands and do more research before we start making proclamations. stuart: but the methodology is you spread these two chemicals you're talking about in sunscreen and put it on you and goes through your skin into your system and may have adverse effects on your testosterone levels. >> and hormone levels. the study did joey get deeper in that we thought. it's more of it in your bloodstream than we expected. yes, it's worth more study being. stuart: fair enough. >> but were not there. stuart: we should not be sarcastic about senator schumer but i thought he would have bigger fish to fry.

>> probably does. he's trying to be a scientist. stuart: why does the - american american medical association objected medicare for all? >> back a few years ago they were busy pushing and promoting the affordable care act and everyone said well, they are pro- insurance but i'd like them to be productive for a change. doctors and hospitals have a lot of problems with medicare for all. first of all, it cuts doctors income. stuart: it cut straight at it. you don't like medicare for all because without your income. [laughter] >> and it can restrict what i ordered for my parents. i don't like it because i constantly have to appeal and its rationing care. hospitals don't like it because it decreases the amount of income they get from private insurance and wipes out which they then used for research. medical schools, research, rationing care becomes a huge problem on the medicare and hooray for the american medical association. stuart: and your income. that's at the heart of your

complaint, isn't it? >> no. a part of my complaint is the ability to practice medicine in a way that helps the patient. doctors already spending way too much time on computers as it is. imagine us struggling for approval. imagine. income is not the main issue. its quality of care for doctors and patients. stuart: i do not mean to be sarcastic. >> did you thank you hit a nerve. [laughter] stuart: i can tell where your heart lies. i almost said doctor schumer. [laughter] now this. governor of texas filing the save chick-fil-a bill into law. stop the government from disseminating against companies they give money to religious organizations. in our 11:00 o'clock hour we will ask the former chief marketing officer at chick-fil-a what he thinks about it. we also get his take on the meatless burger trend, too. why not?

biden and bernie continue to lead the 2027 and that policies are becoming increasingly clear but hate trump, loved socialism but that's how i put it. my take on that, next. .. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ )

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and find a perfect place. a place for mom. you know your family we know senior living. together we'll make the right choice. stuart: joe biden shaped his campaign, attacking the president, turning far left in reversing some of the positions he has taken in the past. in a few hours bernie sanders will define his campaign, attack the president, call him names and repeat his commitment to socialism. nothing new from bernie. it is biden who is more interesting. in iowa yesterday he did another remarkable 180. a month ago he said china is no competition for us. now he says china is a real threat. last week he flip-flopped on abortion. after a lifetime in politics he

has to do a lot of walking back or rethinking or policy reversing. in the future debate donald trump will have plenty of ammunition to go with. and he says trump is an accidental threat to the character of the nation. that is kind of highflown language but in the rough-and-tumble of politics today mister trump has him beat hands down, sleepy joe, there is a put down which not only bites but bring up the former vice president's energy level and his age plus far more understandable than x essential threat line. biden also said i promise you if i'm elected president we are going to cure cancer. no doubt that was an oblique reference to his son bo who died of brain cancer in 2015. it was also a campaign promise that is very difficult for any

president to fulfill. let's get to bernie sanders who defines his latest president of campaign in a speech this afternoon. he is going to repeat his socialist promises come medicare for all, that means ending private health insurance and you thought obamacare was a problem? free college with tax hikes to pay for it. and $15 minimum wage and some variation of the green new deal, not much new there and of course 0 mention of what socialism would do to our current prosperity. biden and bernie, the two front runners in an election still year and a half away but we know where they are coming from, hate trump, love socialism. now wonder the president is eager to take them on. second our of "varney and company" is about to begin. look at this, left-hand side of the screen, police in hong kong

appeared to be mobilizing. earlier they were firing rubber bullets and tear gas democrats of protesters, more on this coming up in a few minutes, a very important story. we are also watching your money, pretty much dead flat for the stock market at this hour and we are 32 minutes into the trading session. let's go back to my editorial. donald trump and joe biden stumping in iowa yesterday, come on in iowa senator joni ernst. the president was appealing directly to farmers in your state. does he now have after the mexico situation does he have the firm backing of the farmers in iowa? >> i believe he does and he has had the firm backing of iowa's farmers. he did promise 815 year round and he delivered on that promise. we get a lot of politicians

that make a lot of promises in iowa right before the caucuses but donald trump has stood by the farmers and delivered for them. of course with us mca we want to see that movie and once he gets that under the finish line that will be a solid win for him. stuart: there has been comment that by extending ethanol through the summer thereby giving a real boost to the corn lobby that in fact the president was pandering to the farmers, the corn farmers of iowa. what would you say to that? >> i would say not at all. these are iowa farmers, midwestern farmers and also providing choice for our consumers all across the united states. it is a cleaner burning fuel alternative and reliant on our farmers, much better than reliance on oil coming from other nations. we are talking about energy independence, choice and supporting the backbone of the

nation and that is our farmers. stuart: how strong a challenge, let me assume joe biden is the democrat nominee in the 2020 election, let me assume that. how strong a challenge is he in iowa? >> i think if you look at the polls you would think he is a strong challenger but i go back and take a look at 2014-15 when biden worked on an effort that cut the number, the volume of ethanol that was going into our supply stream for fuel. farmers have concerns about joe biden, his reversals on a number of issues that are important to iowa voters, he seems a little wishy-washy right now. stuart: that is as nasty as it gets. i want to bring this up. this is your instigation. you have a new bill and it is all about the metallic composition of coins. as you know it costs $0.02 to

make one penny and it costs $0.07 to make one nickel. your bill would change the composition of our coins and save taxpayers money. i've got all of that, good idea. why don't you ban and dispense with entirely the penny? why not? >> the penny has a long history in the united states. that is a good question but i think we would get a lot of pushback from getting rid of the penny. truly the scents act is something we think in congress would save our taxpayers $150 million over the span of 10 years and you are right, it takes $0.07 to make a nickel with its current composition. what we would do is allow the u.s. treasury, the us mint to make those decisions on the composition as long as the functionality and size remain the same. stuart: they got to be the same size and the same weight.

otherwise vending machines are at sea. that is what you want, same size, same weight, different metallic composition, but you are not ready to abandon the penny. >> not ready to abandon the penny. you make a strong argument for me and i will consider it. stuart: i am one of those people who collect coins was any loose change i put in a big bucket as my bank no longer has those coin counting machines. i'm stuck with a couple hundred pennies. will you take them? >> i would take them. let's start a college fund. stuart: senator ernst, thank you. let's get back to what i think is one of the most important stories of the day, the riots in hong kong, protests over a bill that would allow extradition to mainland china gotten violent. police firing rubber bullets, teargas. connell mcshane is live in hong kong right now. at 10:00 pm there. it still looks tense.

>> reporter: it has been tense since late afternoon and the authorities expect it to stay that way as long as there are any protesters or police officers in the same place. that is the situation we are dealing with. to your point this is a very important news story. there was a big developed earlier in the day before the violence broke out. there was supposed to be a debate about this extradition bill the protesters are protesting but the protesters were able to block the people who were supposed to have that debate from getting into the building. that surprised a lot of people. we were out there with the protesters, asking people why they were there is what they hoped would change but did they think what they were going to do today, what they were saying and protesting against, did they think it would have any effect? a number of them told me now.

they didn't. they were resigned to the fact this bill would probably pass. it was supported by the chief executive in hong kong, certainly by the central government in beijing and they thought this is the last chance to say something. in the long run they may be right. it might pass but for today at least they were able to delayed and that is a significant developing. we will see where it goes. stuart: is the problem for xi jinping because as he heads to talk to donald trump he sees not exactly a revolt against his authority but a challenge to his authority. he has to decide what he is going to do? crush the protests or let them go on? what do you say? >> reporter: we haven't had an official response from the central government in china but carry supported by beijing and put a video statement out a little while ago before we came on the air and it was mostly about the violence saying we need this violence to end and

that type of thing. that is the response from beijing, whether that leads to any action is a different question in terms of armed troops you were talking about when gordon chang -- no talk along those lines yet but the response that the violence must end would have to be considered the beijing response so we will see what happens next. stuart: we would you back on the show a little later, connell mcshane in hong kong live. completely different story all over again. the stock is $25 a share, now it is 133. is the stock a bubble? we have an early investor beyond to meet who will tell us bubble or not. yesterday john stewart ripped into members of congress while making a plea to extend the funding for 9/11 victims. we are going to get the latest with joe, blue lives matter un

president and founder. facebook finding itself on the receiving end of fake news. the video on your screen is manipulated video of mark zuckerberg. we have details for you just ahead. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade.

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technology. the price of oil is important, $52 a barrel, it is down to that. gas prices, i can assure you they will fall very sharply, that is my wishful thinking. that is my hope and my expectation. $2.50 by july 4th. next case beyond meet, what a performance. our next guest was an early investor in that country. gag -- greg smith founder and ceo. i think that stock is a bubble and let me tell you why. i know you will say now. if it goes out on an ipo of 25, goes up to 160 and three weeks, comes down to 133 and that is where it is now, that is a bubble. >> we peaked at 185. stuart: we have an obesity problem in this country, 40% of americans are overweight. look at our cows and chickens.

we have 40% -- heavier than they were in the 70s just in time. stuart: that is bubble dishes. >> massive volatility. i can't tell you the stock will be 80 tomorrow at 200 tomorrow but i was fortunate enough -- i added to my position, got more stock yesterday and i believe it will be hiring used to come. it is a mass of market opportunity. stuart: half the people who own beyond meet stock are selling it short. half the people own it, expect it to go down. how do you operate in a market like that? >> you have to stick your your conventions. the worldwide market was $1.4 trillion market. stuart: is it now? >> not for plant-based meet that animal protein, animal beef.

beyond meet and other competitors in the market get 10% of that category, this will be 100, $150 billion market for plant-based meet and beyond meet is the leader and they can command a decent size of that market. stuart: beyond meet as i understand it is in 30,000 units. restaurants, fast food outlets, grocery stores. 30,000 units. what are they going to expand to? >> 30,000 points of sale today, they could triple that over the next several years to 100,000 in the us and internationally. tim hortons and announced breakfast sausage patty to 4000 units. stuart: what about mcdonald's? >> this -- burger king has 7000 units announced a few weeks ago dealing with impossible foods after tests witnessed 18%.

if mcdonald's comes to the game with 14,000 us units they will not shoes impossible. impossible made their but with burger king and that could be a quarter of $1 billion in sales and beyond. stuart: a question i always wanted to ask. what plants go into meatless meat? >> predominately the yellow be which comes from france. stuart: are there enough yellow peas to satisfy the demand? >> sophia there are enough. i don't think we have to worry. yesterday or recently beyond adding a new meat patty which is complement and with some other plant proteins including rice but predominately the yellow pe. stuart: i tasted it. i like it. >> did you try the sausage? a lot of people like the sausage better than the patty. the 1 pound package of ground beef is coming up. that is a huge category if you look at the ground beef. that is the biggest seller in the meat department. a 1 pound bag of meatless need and i can make my own burgers

and whatever. >> or bolognese or tacos or meatballs. stuart: you have no intention of selling it. >> i'm not an original investor. i was interested to come through ipo and very fortunate and have it added to my position but i have no intention of selling today. i have been adding to my position. stuart: greg smith, a leap into the dark area will pay off. >> i have a long-term view and to quote wayne gretzky you can see where the puck is going. stuart: we will take it. i want to alert our viewers on the left-hand side of the screen the banner says his space x launches falcon 8. falcon 9, i am terribly sorry. this is their most expensive launch. this launch cost more than $1 billion. is that right? >> yes. stuart: you got more on this? ashley: the constellation mission weighing 11,000 pounds,

the most expensive payload space x has put into space. a 13 minute window for lunch. this is the last one out of than 10 bag air force base, california. stuart: on the screen now is not the current launch but a previous launch. is that right? that is the launch. it is running, i didn't realize that. we 5 so far so good. stuart: 11,000 pound payload. ashley: costing more than $1 billion. stuart: good luck with that. private enterprise in space. what is wrong with that? next case, high tax states like new jersey tried to pass work arounds to avoid the on state and local taxes in the president's tax law. now the treasury says you can't do that. we have details. oberlin college, ohio, must pay a local bakery $11 million.

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stuart: down 17 on the dow jones average, look at forward recalling 1.2 million explorer is uvs for a defect that could affect steering control, it is down $0.03.

now this. two weeks after facebook declined to take down a fake video of nancy pelosi they are getting a dose of its own medicine after a doctored video of mark zuckerberg surface was lauren simonetti has the story. >> reporter: let's show you the altered video posted over the weekend instagram of mark zuckerberg. >> imagine this for a second. one man with total control of billions of people's stolen data, all their secrets, their lives, their futures. i/o it all to specter. >> that is fake. it is artificial intelligence over his voice, not his voice and it is not true. it has been tweeted and instagram, thousands of times. that is the problem. can you take a down? yes but facebook will not because they did not take down the slurred speech video of nancy pelosi for the following reason. as long as they tell you it is

false and down rank it so it doesn't come at the top of the feed that is their policy and they are sticking by it even when it affects their ceo, mark zuckerberg. there is a hearing on this tomorrow. stuart: i understand policy aspects. what frightens me is it looks so real. >> we are heading into an election. the misinformation of things are kept up online that could happen as we go to the polls. stuart: takes video of us and we could be made to say anything. >> the consequences of having a digital copy of yourself. stuart: good story. now this. watch out. controversy. team usa over their world cup performance with a $13 million win against thailand. carly shimkus was there. i am going to ask her. did our team display bad sportsmanship? there was a huge debate about this. we will be back.

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the dow is down 42 points and we have the weekly oil inventory number. >> 2.2 million barrels. we have been seeing these pushing the price of oil down moving lower and you have been talking production all morning. last week 12.4 million barrels a day, this week 12.3 million barrels a day but still that report indicating we could see a 1 million barrel jump by the end of the year. stuart: more than 2 million barrels of oil added to what we have in storage. police and you are talking to let. >> this is not typical summer. you are supposed to be drawdown, demand goes up. everything is off-balance because of what is happening in the united states. stuart: we are producing so much. $51 a barrel. that means you have a sharp decline in the price of gasoline in the driving season. todd horowitz of buzzertrading.com.

what is your take on what i am calling a glut of american oil? >> great to be on with the beatles and nothing can come between you and me. crude oil is going substantially lower. there is too much supply, not enough demand and the economy is slowing down. put that together it means lower prices, a basic formula. if we hold it goes higher but you and i hope it goes lower because it is better for gas but the bottom line is oil is going into the high 40s before it is done. stuart: i want to repeat something jackie was putting. there is a forecast that our oil production in america will hit 13.4 million barrels a day by the end of the year. go back a few short years and 13.4 million barrels of oil a day is unthinkable but that is where we are. are you surprised like everybody else? >> i'm not surprised.

you saw this coming. this happens when an organization like opec decides to hold the united states hostage. we found better ways to do it and we don't need them. no need for opec. it is a phony organization that manipulates price. stuart: we are down $1.56, $51.68 and falling. i want to talk about the stock market. you think there is a big selloff coming and you think i am not covering the market properly. what am i doing wrong? >> when you talk about the algorithms and high-frequency traders and computer traders you've got it all wrong. most report it incorrectly, the computers are placed marketmakers. i was a market maker per 30 years. they replaced my job with computers. computers don't care which way the market goes. they are just trying to scout out fractions of pennies on thousands and thousands, millions of lives. they have done the biggest

favor for the retail customer because it brought the commission down. you remember 20 years ago you put $100, now you pay $7.95. they have done everything for the customer and it is not the algorithm that drives the market lower. it is all the daytraders and guys with an iphone and an account that pushed the button when it is time to sell when they are panicking. stuart: i've got that wrong. we have 20 seconds. you are looking for a big selloff in stocks, right? >> i am. i think the market goes higher, we test new highs but before the selloff is over that i'm looking for i think 25%-40% haircut inequities before all is said and done. stuart: when does that come? >> not in one day. it will be over the next 18 months. we will see this market fall apart. stuart: that is where you are going wrong. you are totally wrong on this

market and i am wrong in the way i am covering it. thanks for being with us today. >> have a great day. stuart: nothing can come between us. a family-run bakery in ohio has won $11 million from oberlin college. out of the college launched a smear campaign after a store worker was caught, and african american student shoplifting. come in cabot phillips, campusreform.org. the student was shoplifting the college made it into a case of racial profiling. explain the background before we get into the defining. >> the student pled guilty and two other students came to try to help him escape. the bakery detained those three as well. they pled guilty. they are starting to beat protests on campus, the students looking back and saying maybe they were guilty but this is an example of racial determination of them

going after, there were protests outside the bakery. the dean of students was reportedly a protests with a bullhorn leading a chance against the bakery for being racist, passing out flyers so now the university who claims to be fighting for social justice are going to find out about real justice, justice being due process, held accountable for your actions when you're in the wrong, might be even more money being announced in the coming days from the court for other fees that were incurred. stuart: this is a real putdown of radical student activism when that activism was totally wrong and inaccurate in its thrust. >> that is what it is and indicative how universities are so quick to the side of any student, any outraged mom that says they are fighting for social justice was all you do is throw that word and universities bow down and say

we are on your side without looking at the facts. i think this will have national implications where more universities will look around and realize we can't continue to operate outside the bounds of the law and it is ironic in this case these universities claim to be helping victims of racism. when you make up cases of racism you are only hurting actual victims because in the future know what is going to believe you. stuart: how do the college response? this award was made earlier this week. how did the college respond to it? >> the university initially denies they had any written involvement in it. there were multiple people brought into the case that testified the dean of students was in fact there. other department in the university were making posts on social media how we have known for some time this is a racist bakery. that did not play into it as much as the fact the dean of students was there in their official capacity at this rally. that was the key point this hinged on and this is not an isolated incident. it is easy to look at this and think it is one case at leadership institute, campus reform i have seen around the country how administrators weapon eyes their position for political gains. i have talked to students who

were victims of that and when your administration says you are a racist or a nazi, and standing up to this administration told accountable. stuart: i understand the staff, most of the staff in the bakery was let go. all of them. the owners worked without salary for couple years because of this boycott, this intense proposition on the college. keep it going. keep pursuing this because i would love to see how this ends. let's get to the women's world cup, team usa won, 13-0 against thailand, the first-ever world cup victory. carly shimkus is over there. i say there was a display of bad sportsmanship when our team, team usa with 55ing and dancing around and celebrating after 9, 10, 11, 12, i say that is bad sportsmanship. where do you come from?

>> reporter: that sounds like a poor american spirit you have there and i know you are more patriotic than that but you are not alone. a couple high profile people criticized the team saying they should have even implement at the mercy rule, stop scoring goals altogether but head coach jill ellis says no chance. listen to her reaction. >> translator: it is about mentality. it is also about confidence. getting off on the right foot is important. but the reality is we also believe we have more to do, no doubt. >> reporter: forward alex morgan scored 5 of those goals and she too remains unapologetic. listen to her. >> we have to look at the

group, every group count. it was important for us to continue to go but i think for these 24 teams it is a great opportunity for women to showcase what they worked their entire life towards. >> reporter: i will try to change your mind. morgan says every goal count. in the group stage, if there is a tie the team with the most goals will advance to the knockout stage. that is why they didn't let up. all the controversy is getting headlines but sportsmanship was on full display after the game. veteran player carly lloyd immediately approached thailand's goalie, gave her a hug and some words of encouragement. where do you stand now? stuart: i stand in the same place. i don't think just for the number of goals scored once you are winning 6, 7, 8-0 i don't think you have to score another 5 to make a point. >> reporter: it could count

later. stuart: i don't think humiliation has a role in the world cup. secondly i don't think the tide team should have been in the world cup. if you are bad you shouldn't be in the final, you shouldn't be in the games at all. i will stick with what i am saying. you didn't need to score 13 and you didn't need the triumphalism and the celebration. last word to you, carly. >> reporter: i respect that opinion and see where you are coming from but coach jill ellis brought up a good point. if you want to honor these teams you should play them tough because this is a learning experience and you could look to the federation of thailand and say they should be putting more money into their sports as opposed to criticizing team usa for doing what they trained their entire lives to do. stuart: the audience is on your side. they think i am a socialist.

what are you going to do? carly shimkus, you are all right. thank you for joining us. we will see you soon. still to come, this hour, continuing coverage, fox, and foxsportsone where you find the woman's cup for the next three weeks. it is good to watch. still to come this hour the head of blue lives matter in new york response to jon stewart's emotional testimony on behalf of 9/11 first responders and we have news on the 9/11 compensation fund as we are monitoring the latest out of hong kong. tens of thousands of demonstrators tear gassed. will discontinue through the night, we are following the latest on the riots. ♪ my heart is around ♪ ♪ our heart is in havana

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stuart: john stuart slammed members of congress because they lack of attendance for reauthorizing funding for 9/11 victims. >> i can't help but think what an incredible metaphor this room is for the entire process that getting healthcare and benefits for 9/11 first responders has come to. behind me a filled room of 9/11 first responders and in front of me a nearly empty congress. sick and dying, they brought themselves down to speak to no one. shameful. it is an embarrassment to the country and a stain on the institution.

you should be ashamed of yourselves, for those that aren't here, but you won't be because accountability doesn't appear to be something that occurs in this chamber. stuart: joining us now is joe, blue lives matter new york city president and founder. your comment on john stuart? >> he said many poignant things and one that hit me, never to forget the heroes, the men and women who ran in that thing. luis alvarez, detective of the bomb squad dying of cancer and begging for benefits, all the new illegal immigration and they throw money left or right at people who did nothing. the day that was most important, we were attacked and the worst attack in united

states history and they worry where their next meal is coming from. stuart: it was the reauthorization of money for the victims, a whole new commitment of money reauthorizing with money in it and that is all it was. it is not like they ran out of money, like it is a new thing entirely. >> we would have to see in 5 years from now where natural disasters like tornadoes and hurricanes, he stopped and said this wasn't a tornado or hurricane, these are people saved lives. today he has cancer but if he was there looking for his brother who was a fireman and died that day and because of looking for his brother he will never see again he is suffering cancer and we have to honor these individuals who time and again i getting sick every single day and give them

whatever they need. it could never be a question. they shouldn't have had them go to washington. what do you need? we are here because of you. what can we do? never got that point. stuart: is the feeling within the new york city police department which took the brunt of the 9/11 attacks, the feeling still as raw, as rough as it was a couple years ago. >> can't forget 143 members, i was choked up. they know where they are that day. and fortysomething new york city police officers, fortysomething at into a wall, and every five years find out where medication comes from and who pays for it. it should never be a question to do what they need every single day. stuart: john stuart made a powerful presentation. we appreciate you being with us.

next case, different story, check delay faced criticism for its owners supportive traditional marriage. the governor of texas sign a safe chick-fil-a bill as a result. we will tell you what this means and get into it with chick-fil-a's former marketing officer coming up in our next hour. first, they make luxury wristwatches. what are they doing now to keep up with the rise of the smart watch. the ceo is on the show next. ♪ read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect.

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stuart: our next guest is one of the youngest ceos, and zenith has been around since 1865. stuart: i know it, i know the product but this is the age of the smart watch. do you have are smart watch on the market? >> know. stuart: how are you competing

with the smart watch? >> the smart watch is more of a tool. more that you use every day. technology is changing. and someone can repair them. stuart: you still have the mechanical watch. and we continue to invent and create. stuart: what amazes me, all of those on display, they cost $100,000. >> they do. i don't know why someone would pay a great deal of money. why spend all that money, how anybody is going to watch right

here? >> to be overpriced just to have the time, you get a product that is 300, 400, 500 hours of work by qualified person in switzerland. stuart: are you allowed to tell me how many watches you sell per year? >> slightly below 20,000 watches. stuart: what? you sell 20,000 watches at $1000 plus? >> or more. stuart: a sorry i was so short but we are happy to have you on the show to explain why somebody would sell -- spend all that money for a watch. i might buy one. thanks very much for joining us. thank you. it is close to 11:00 at night in hong kong. police are on the street after

clashes with demonstrators earlier, police were using tear gas and rubber bullets. what a situation. you will have my take on that in a moment. more stuff from uber. yesterday we showed you the flying taxi. today they are announcing drone delivery for food. how about that? we will cover it all after this. ... let me ask you something. can the past help you write the future? can you feel calm in the eye of a storm? can you do more with less?

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we want all morning we've been showing you the wild things in hong kong, tens of thousands of demonstrators are back on the streets. the police chief there describe it as a riot. water cannons, rubber bullets, tear graphs have all been used for this is a challenge to beijing's authority. it challenges presidency and it's important. little background. china's communist leadership demands a new extradition law. one that would allow beijing to seize people in hong kong, take them to china and put them on trial and essentially a

communist courtroom. right now hong kong has an independent judiciary and president xi cannot have that. two points to be made here. first, the law goes through beijing could see sees anyone in hong kong. anyone. that includes foreign residents, business executives, even tourists just passing through. in other words, nobody is safe from communist laws. second, these demonstrations are surely part of america's trade dispute with china in a meeting between president trump and president xi is expected within two weeks. they're trying to hammer out some kind of a deal. if xi jinping has a revolt going on in his own backyard he's not going into the meeting with the united country behind him. this is particularly sensitive because a lot of china trade goes through hong kong. american businesses are very active there. would you go near the place? if you are subject to arrest and

trial in a communist court? chilling to say the least. this is why were covering what, too many, may seem like a foreign obscure protest but as we speak the demonstrators are still on the streets and the competition is growing and president xi faces a problem. if the meeting - does he crush the protest, drop the extradition law or allow the politically embarrassing riots to continue. stay tuned for this one. third hour of varney and company continues. gentoo turn to stuart: reaction to my editorial in a moment the first check that big board. not much movement in the big average stay down 40 at the moment at 26,000. tesla - now, it is down but earlier today it was up. chief elon musk laid out a rose forecast to the shareholder meeting yesterday and must even teased a new model with a 400-mile range the stock went up

early this morning but now it is down at $2.13. back to my editorial in hong kong with the ongoing protest. donald, macro cio is with us. welcome aboard the. >> thank you. stuart: i say these are a challenge to president xi and bad news for him going in to the possible g20 meeting with president trump. what say you? >> i completely agree, man. this is a little taste for president for life and she of what it would be like to have to control riots on the mainland. our tariffs and all the initiatives were bringing against china will first china into a session recession if they don't deal with us quickly. they don't know how to have a recession but you can of social unrest in hong kong all over the mainland and there aren't enough riot police. or enough teargas to put down riots of 1.4 billion people. that's the corner that president

for life xi jinping is being backed into. stuart: so you're saying unless xi jinping gets a deal with president trump their economy goes sliding into the tank and that is going to create a social protest that is now being seen in hong kong, that's your theory, correct? >> that is why he's even willing to negotiate with us at all. they don't want to reform the cells become less protectionist or drop their tariffs and the stuff they do the only way to even get them to negotiate table is to threaten them with something worse than conceding to president donald trump and asked to have the first ever disorderly recession. if president xi thinks he will without donald trump he ought to be following the media because even joe biden now is trying to out trump trump and being tough on china. president xi could face president biden after 2020, that's not likely, but it will

not be better and if trump wins xi jinping does not like trump now he will not like it when trump is angry. stuart: you said that president trump will win reelection based on the strength of the economy. does the strength of the economy hang on a trade deal with china? >> well, it might but not because the sheriffs are so costly and all that jazz but china is totally peering for the tariffs in the form of its weakening currency. we are ahead on the tariffs. that's the easy part. the treasury has collected so many tens of billions of dollars in the tariffs to china that is before that there are some farmer who can't sell the soybeans but have the guy get a lobbyist who cut him a check for billion dollars i think will be fine. that is not the issue. the issue is what it china is too stupid to cut a deal and ends up falling off the recession cliff and gets really bad that could be bad for the whole world economy. were playing a dangerous game here. stuart: for your competent some kind of deal will emerge in a

couple of weeks when it president xi meets president trump? >> i think they will meet in osaka on the 27 and president xi will dust the smell of teargas off his jacket and 11 i.c.e. handshake and a photo opportunity and they are not going to announce a deal but they will announce they are not working on the framework for a deal. they think that happened in buenos aires on december 1. this is all playbook stuff. stuart: other than that, aside from china trade or any agreement, what do you make of the stock market? now right at 26,000 on the dow. are you bullish? do we go up from here? >> i thank you have to be bullish. we've come through earnings recession and now that the fed that's getting unstuck on stupid and will totally cut rates if not next week then the meeting after it needs to cut rates. not because the economy is slowing but we've got over low-inflation and the specifics

in the morning showed an inverted yield curve and any fed worth its salt will be cutting rates now and that will help. what looks bad in the economy? stuart: you got me. will not answer your question because i can't fit donald luskin, there you go. you never hold back. that works well on television. donald luskin, thank you for joining us. >> thank you. stuart: individual stocks. nintendo have announced they are moving production of the switch counsel out of china. they are going to elsewhere in southeast asia. this is to avoid tariffs. the software is down nearly 2%. look at this. talk to clients - look at dave and busters, restaurant chain, arcade games they are bleeding customers. sales are down and they have lowered their forecast. that is a terrible combination for the stock price and look at it. down 21%, dave and busters. another big hit to cable providers there's a shift in the

way millennial's are getting their entertainment. i'm not in touch with the shift but ashley, i believe you are. ashley: i am it is quite amazing we think about what millennial subscribe to. get television but it's all about gaming. last year, 44% were into gaming for the rest into television and it's not flip-flopped which does a landmark moment if you would like. gaming 53% that is where millennial's put their money instead of television. of course, you can subscribe to games like world of warcraft, riot games, fever 18, martin 19 all these attorney to bid things you join leagues and teams and it takes up more time and a lot more entertainment dollars than it would for television which is remarkable. stuart: my nine grandchildren will not be caught dead flipping on the tv set. the device is everything. ashley: youtube, my kids youtube. so much they don't watch regular television simply not.

except for "varney & co." [laughter] stuart: how about this? over is holding the elevate conference in dc but yesterday they showed us their futuristic flying taxi. that was quite something. today were talking to a woman who has up overeats, food delivery service. get this. they want to start using drones to deliver your pizza. testing it out in san diego, california. big victory for chick-fil-a. texas governor just signed a new law to protect the religious freedom. we have a former chick-fil-a executive on the show to react to that one. how about the price of oil? the report finds america is on track to produce 13.4 million barrels of oil a day by the end of this year. that is huge. that's american energy independence and dominant at large. why are the democrats try to kill the high successful fossil fuel industry? senator john hogan coming up next from dakota. they produce a lot of oil there.

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stuart: keeping an eye on the price of oil. fifty-one dollars a barrel as of now. why? production in america is absolutely spiking. we almost have a klutz. america's oil production could hit 13.4 million barrels a day by the end of the year. 5 million barrels just from texas alone. senator john hogan, north dakota rebellion is with us now. senator, you been on the show before and asked you this question before but i can't get enough of it. you're a big oil-producing state so how many barrels of oil are you producing out? >> about 1.4 million barrels a day going up. only state that produces more is

the one you just mentioned texas and were second and then you type drive down to alaska which is 500,000 or so. it's amazing. stuart: blows us away because this is a clear indication of america's energy dominance. 5 million barrels a day, texas is producing more oil than any opec member except saudi arabia. we you expecting this? >> it's the play and in north dakota it's [inaudible] and other places around the country but it's this new technology that is horizontal drilling technology which not only produces a lot more energy like you're talking about, stuart, the more environmentally sound and you have produce a lot more oil with fewer number of wells. stuart: democrats are pushing this green new deal and that would basically kill off fossil fuels in coming years. you obviously oppose that. do you think that the political starter? is a political strategy?

>> it's unrealistic. something that will cost $93 trillion it's not just energy they want to socialize healthcare which would wipe out current healthcare for 160 million people to get coverage through their employers and through insurance plans that they have right now and it's not realistic. furthermore, stuart, we are reducing our emissions, co2 emissions and developing technologies to produce more energy and environmentally sound way and that creates jobs and a growing economy and, like you say, energy security. stuart: how do you respond to the criticism of north dakota? another oil-producing state that you, sir, are essentially killing the planet. >> more energy, federal environmental stewardship, lower cost for consumers and that means higher incomes and it's a

win for country all around and we are with these new technologies more energy better environmental stewardship. that's a win for america and national security through energy security. stuart: do you think the planet is in danger because of fossil fuels? >> obviously, we want to do things in an environmentally sound way. we all care about the planet but do it with the technology that's realistic and that not only helps us in this country reduce emissions but adopt our technologies and they get better by mental standards to. stuart: and looking at our screen and i don't thank you can see up the price of oil is $51.83 a barrel. can your guys in north dakota make a profit at $51 a barrel? >> they can. the key here is producing more energy so we keep a stable price at a relatively lower level. that's what is not only good for the industry as we continue to grow and produce energy for good for consumers. you don't want those big spikes and so forth. stuart: you know what program this is so hope you don't mind if i digress just a moment but wait for it - i want your

opinion on the world cup game yesterday where the u.s. absolutely slaughtered thailand 13-nil. i say the celebrations, at least, were unsportsmanlike. do you want to join the debate? >> my opinion is the women have a great team. look, i think they are excited and this is the first game and they will show good sportsmanship and do a great job and i want them to win that world cup. go usa! they have a great team. stuart: hold on. i want a bit more than this. do you think the women's team usa should have held back a little? when you're winning six, seven, eight no do you need another five goals on top of that? >> again, i'm not an extra but i think the number of goals you score as you go through these preliminary routes does matter in terms of your seating and so forth. i'm not sure but i thought i'd

seen something on it. the bigger point is we got a great team and i thank you will see they will conduct themselves in a very outstanding way as they go through the tournament and were present our country very well. stuart: a senator, - >> and were behind them one 100%. stuart: yes, i am too but i'm being called a socialist because i want the celebrations to be a little more restrained. can you believe that? "varney & co." a socialist. >> stuart, one thing i know is you're not a socialist. stuart: will be back soon. john, thank you indeed. >> thank you. stuart: check the market. down a little more and we dropped below 26,000 on the dow, up 50 points now, 25,997. check out the ford motor company stock, not much movement and they've recalled 1.2 million explore suvs coming off the roads. for invitation to take them off

the steering control defect. that the models made from 2,011-2017 and the stock is down half a percentage point. some drama in the contest if you call this, for who will lead the british conservative party eight of the top ten candidates have admitted to pass drug use. not just part but some of the candidate say they've used cocaine and one admitted smoking opium at a wedding in iran. those brits. he might not be running for british minister but mike tyson is launching a marijuana empire. luxury weed brand and a marijuana resort in the california desert and you got to stay tuned for this. we cover it all. nah. not gonna happen.

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stuart: today would have been president george h of the bush 95th birthday. postal service is rolling out a new rubberstamp and it honors him and you can get it today. how can he have a segment on bush 41 without showing you this clip. this is from his 90th birthda birthday. the president marked every fifth

birthday by jumping out of a plane but that's him on his 90th, can you imagine that? 90 years old and you do that? >> no. [laughter] stuart: we have wind up a few new celebrity business deals. seth rogen hollywood comedian got his own marijuana company called houseplant. you can only get their product and british columbia but expanding to ontario and partnering with canopy growth and that stock down a fraction this morning. 42 on canopy growth. boxing legend mike tyson is also in the business of pot. he laid out plans for a new marijuana centric resort, 400 acres in the california desert that will include a campground, the world's longest lazy river and get this, university that will teach you how to grow your own supply. no word on the opening date but that is mike tyson in the pot business. dallas cowboys owner, jerry jones, big-name in oil and gas and his company comstock

resources just struck a $2 billion deal to take up another big energy name in texas. when the deal closes in july it will double their out force and they will have 1,000 drilling locations. bernie sanders is going to get a big speech today and will lay out the case for why he's a proud socialist. get this. he will accuse president trump of being a socialist for billionaires that takes some expending but we will do it for you. an alarming number from the permit homeland security, 90% of all asylum-seekers do not show up for their court date. they disappear into america. here's the full story after this. ♪ (indistinguishable muttering)

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stuart: we are down 48 points right at 26,000 on the dow. want to bring up to date on what's happening in hong kong. frankly, it was riots earlier today. tens of thousands of people came to downtown hong kong central district as it's called. the police used rubber bullets, tear gas and water cannons to

break them up. the barricades went up and the demonstrators one the day. right now it is relatively quiet but the barricades are still there and its darkness, 11:30 p.m. at night. this is important because those demonstrators are challenging the authority of president xi jinping who has to go to a meeting with president trump in less than two weeks and has a divided country behind him and faces eight revolts. that is a very big deal, very important stuff will keep you informed all the way through. let's go to our own border crisis. you got to listen to acting security chief revealing a staggering statistic on asylum-seekers. roll tape. >> what percentage of people show up for the asylum hearings? >> we don't see too many cases where people show up out of 7,000 cases 90 received final orders of removal, 90%. >> 90% did not show up? >> correct. stuart: if you look across the border 90% don't sharpen their

court hearing but are released into america. former assist the acid to do georgia the bus. this is an open border. whether you walk across and say hello to the border chief and they let you go. >> you get an appearance ticket and they say will see you in six months but then they disappear into our economy and nation. stuart: where is the enforcement? >> there is no enforcement we have over 130,000 coming in and were overwhelmed. mayor pete is the mayor of 100,000 people. that's his entire constituency coming across our border every day. it's crazy. democrats mantra is now no one is above the law but who is above the law? people were coming across our border who don't even honor the law and the system when they get here and illegals. stuart: we got a notice of - spirit notice of appearance. stuart: did you know those illegals that you take that notice of appearance and a piece of paper and go to a local airport and they don't have to show other indoctrination get on a plane. we don't know who they are and we don't care where they go but

they are illegal, they are here and don't have to worry, that is outrageous. >> 14 people, 2001. 911 created havoc in our country by having one of the most vicious terrorist attacks. is that what it will take for us to wake up? republicans and democrats and say this is crazy. we have an invasion on our southern border. not only of drugs but people. now we know from our enemies, especially those in isis, they are using this as part of a strategy to come through the southern border. it's only a matter of time when we have an attack and it will trace back or the attackers to entry in the southern border. stuart: obviously, there's that danger of terrorism and drugs but the sheer scale of 130,000 a month walking in and go wherever they please. that is an invasion. >> or worse going to a sanctuary city and then been safe from enforcement from the appearance

to get that the government gave them which, in good faith, should have been honored but it's honored in the breach. they take it and throw it away and they are here. stuart: i just cannot believe middle america is not concerned about this. >> i think they'd be outraged. stuart: i'm outraged you can't have that you catch us if you can is no policy. stuart: got to talk about bernie sanders but he will speak later on today in dc and his statements and comments have been leaked deliberately to get ahead of the new cycle but part of what he's saying is he's accusing president trump of being quote, a socialist leader and says drums policies are only image billionaires and corporations so have at it. >> first of all, that's not possible. what is in bernie's car is people and individuals are pretty well for individuals and it's not a sending our money to the government so bernie can

spend it for us. that is socialism. you know the title of his speech is socialism. he uses socialism and a topic of his speech. i remember not too long ago if you called a democrat a socialist you are defaming them but now they get angry if you don't call them that and now so bold as they make this part of their platform. no american in the heartland no american even in the urban area believes in socialism and you see it doesn't work. look at the ten cities of los angeles. stuart: all him to do is walk up the road a hundred yards on the upper west side of manhattan and a thoroughly socialist and very wealthy. >> there you go. stuart: stay there for a moment and i will drag you into an argument. wait for it. i will get back to the u.s. women's world cup performance yesterday and they slaughtered thailand 13 neil. i'm catching flak here because

the celebrations i think were unsportsmanlike and i think the excessive gold scoring was unnecessary and i think it humiliated the ties and i don't think there's room for humiliation in the world cup. >> absolute rubbish. you are there to play the game. you play for the full 90 minutes the fact that thailand was not good enough that is not the u.s. pulpit the play at a high level and in fact, if you say we should have maybe not tried so hard that's even more disrespectful to thailand. however, i do it agree with you on the celebrations with the seller medical eight, nine, ten like they want the rooftop without was inappropriate. >> we heard a sound bite from their coach who talks about the momentum and feeling proud of the work they did and i will stand by not only the goalscoring but the celebrating also. stuart: before we move on to equal pay for women soccer players plaid brakeman, am i

right or am i right that it was over the top celebrations? >> solutions were over-the-top and unnecessary but plain as well as again is expected and should be done. stuart: split decision. was not entirely by stuart varney. thank you. [laughter] the issue of equal pay for women for the women's team i should say also came up and look at this tweet from senator elizabeth warren. here we go. stuart: hold on before we come in. kelly and conway was asked about it this morning. rotate. >> i believe in the general principle that equal pay for equal work is the way to go. obviously i was a high list, a member and my firm and i'm happy the president has a many women

in senior positions in the white house and his in ministration. you want the white house to interfere with u.s. soccer and what they pay two players? >> [inaudible] >> would you like a raise at nbc news - should we do that to mac. stuart: what you say jackie? >> equal pay for women this issue has been time and again we have these so kelly and is writing it off is not fair. the democrats have said they will try to make different things and, harris had an interesting plan to try to penalize companies if they don't pay women but the the reason the problem exists is because we don't have enough information on what people are paid and how to enforce it. best thing women can do share with each other with their salaries are. kelly and happens to know what she was one of the highest-paid partners at the firm probably because she knew what her colleagues were making. stuart: jackie, would you like to share with your colleagues what you make in this highly competitive -

>> no, not live on air. [laughter] stuart: i will say this. the women's team, national women's team does have higher ratings than the men's team but the tv revenue is higher for the women and i'm all for giving a more money if they make more in tv ratings revenue. what's wrong with that? >> nothing, i agree. [laughter] in this case, you are not rubbish. stuart: my producers is finally he's right - [laughter] more than a few - another doozy - more than a few candidates for the leadership of britain's conservative party are under fire because they had too much fun when they were younger. spell it out for two of the ten candidates that are fighting for teresa mays job eight out of the ten said they did not use drugs but they did not take drugs but they tried drugs and there's a little semantics there including

boris johnson who admitted to taking cocaine, marijuana and said i was given cooking once but i sneeze and did not go up my nose. in fact, it could've been icing sugar. the environment secretary and a strong contender could be between [inaudible] and johnson and said in my younger years when i was a journalist i used cocaine on several occasions which led to this and launched his campaign monday, michael gove, and here are the headlines. michael gove is making a startlingly good speech with lots of good lines and his chances are winning are not to be sniffed at. [laughter] the path of these potential prime ministers is coming to the forefront. it's become somewhat . stuart: someone smoked opium at iran for a wedding. >> but the family were poor and felt like he cannot turn it down. [laughter] stuart: the brits, i tell you what. i'm american. that monster defense merger let's get to that. united technology from raytheon billionaire headphones model and

they're not happy with this get-together. he said it does not make sense and that's a quote to buy up the company of quote, inferior quality. well, utc chairman for you tx german greg hayes had this to say about all of this. roll tape. >> i know bill and dan are not perhaps happy with this deal because of the short term solution but the fact is you have to take the long view here. as tom and i have talked over the last six months we have unlimited potential to grow this business to the innovation of the 60,000 engineers we have an 8 billion of r&d and this is going to be a powerhouse of a company that will meet all the customer needs and provide value to our customers over time. stuart: let's take a look at the stocks one more time. billionaires challenge not have that much effect and you tx is up and raytheon is down.

attention kroger shoppers. you thought i was going to say attention kmart shoppers. no, those are words you never heard before. kroger shoppers you will soon be able to buy cbd products at nearly 1,000 of their stores. dvd want to be in grocery items but only selling lotions, oils and bones to rub on your skin. no response on the stock is up 12 cents. if grocery shopping is interesting how about having dinner delivered. uber eats got you covered and in the near future they say it will be a drone, not a driver, who brings the chinese takeout to your door. we talked to the woman who runs uber eats, that is next. ♪

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york stock exchange this morning. deidra bolton is with us and spoke with the child got a rare form of leukemia and one trader brought him to ring the bell. deidra, what is the story? >> yeah, i met this remarkable young man only six years old and have to take 73 pills a month and it had more spinal taps than most of us will ever have in our lifetime and was the guest of the new york stock exchange today. one of the traders here today - we had this quick conversation and he has a great sense of humor about what he learned by being down here. here's a little of my conversation with him, stuart. you came here to the new york stock exchange and have your own jacket in your own number what have you learned here so far? what did the traders tell you? [crowd boos] buy low, sell high. reporter: i bet they gave you a job offer right away. how does the jacket feel? good. reporter: not too hot? >> no.

reporter: and you ring the bell? you did a good strong playing a couple times. was that fun? >> yeah. reporter: you are an inspiration to children, two adults and you had to go through a lot of treatment so what do you tell other kids who are fighting like you are? >> stay strong. reporter: stay strong, stuart. you heard him tell his parents told me he has the heart of a lion it has its own facebook, instagram, twitter page, king fights at cancer. the idea is to raise awareness for the families going through the same thing. they are an amazing family. stuart. stuart: compassion at the new york stock exchange. thank you, deidra. first, on foxbusiness our own susan at the uber elevate summit in washington dc. the head of uber eats is with her. susan, take it away. it is yours. >> we had an exciting use because of uber eats is going to start drone delivery straight to the customer starting in san

diego but they have ambitions to go nationwide and global as well. let's talk with the person that initiated this drone delivery program at uber eats and it is very exciting and people think they will have drones dropping food in their backyards but that's not necessarily the case initially. >> yeah, that's right. initially over trying to do is use it as a platform and use the existing infrastructure uber eats has. really that is carriers bring the food to the doorstep to the customer. we will still do that but drones will be delivering the food to the couriers and so were able to get the drone delivery much faster because were still able to keep that same component with the customers. reporter: the drones drop it off to uber eats delivery and it could possibly even land on cars with a qr code in the future and then you will still physically get it delivered by hand, the food, to you jennifer mcdonald

and will we expand restaurant brand - >> we would love to but we will crawl, walk run and start with san diego, restaurant partners named because he want to get it right. there's a component of working with the restaurant partner in making that the people know where to pick up food and put it in the box and the boxes are taken away. we are going to start with those restaurant partners but excited to quickly expand. >> let's show our viewers how these work. i need to know that mcdonnell price have not been tampered with. you have a seal here that no one has been in you open this up and it's a bottle opener but inside you have your fries and your data shows most people order for two people, not just one. you get to keep a coaster inside as well so i'm wondering with all this buzz about the uber eats delivering 10 billion dollars in for this year are you surprised by every treat by amazon in this space?

>> i was a everyone is focused on logistic and a greater level so i think everyone is focused on how and what angle they can approach all of this through. we are also looking at innovations when it comes to our focus on at uber eats meat it really is how do we continue to push the envelope and do more and faster. >> there you go, stuart. drone delivery of your french fries and burgers in the future. back to you. stuart: that was great. thank you, susan. big story from uber eats. good stuff. let's have a look at facebook. according to the wall street journal facebook has uncovered e-mails showing mark zuckerberg new of the company's privacy issues and what does this mean? ashley: seems like a big deal. they been under invitation for a year now after that massive league of millions of people's data to cambridge analytical but according to the journal now

there are internal e-mails that, as you just said, suggest that mark zuckerberg and others didn't in leadership positions new of this and at the time weren't putting the defense of people's data as a top priority. ftc is involved in wanting females and it could be damaging from a pr point of view for zuckerberg. stuart: when that news broke facebook came down and it's back up a bit but still down as we speak. former top marketing guy at aaa light on sets. i want to know is chick-fil-a getting in on the delivery craze? with the fake meat trend of sweeping the nation will they ever serve fake chicken came more varney after this. write the future? can you feel calm in the eye of a storm? can you do more with less? can you raise the bar while reducing your footprint? for our 100 years we've been answering the questions of today to meet the energy needs of tomorrow.

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stuart: governor of texas just signed the save chick-fil-a bi bill, as it is known. it stops the government from disseminating against companies begin money to religious organizations. this is all at the san antonio airport barred construction of a chick-fil-a store there. because of the company's religious contributions. look who is here. he's a former chief marketing officer at chick-fil-a and also extraordinary good book, covert towels and chick-fil-a. that's the name of the book. steve robinson joined us.

big promotion for the book. >> thank you. stuart: great to see you. look, serious question to start with. i want to know why believing in traditional marriage makes someone a bigot? what is the line of thinking that you come across with that argument? >> i don't know i know the answer. this is a country of equal opportunity, freedom, literally as the constitution says pursuit of happiness. our responses are that we are here to serve everyone. chick-fil-a is in the restaurant business. >> you dealt with the start your career - >> oh yeah. stuart: and you dealt with this >> i served for many years and no part of their organization now. stuart: wrote a book about it but deal with that argument constantly. >> i think we try to mirror what our founder always believed in was in business to protect provide great food, gracious hospitality for everyone. stuart: thought it. let's move on.

are you ever going to serve in a chick-fil-a restaurant? i know you're laughing at this but eight vegan chicken, meatless meat? >> i don't think the. [laughter] stuart: why not? >> first of all, we got out ahead because the cars house told people not to eat beef 20 years ago. remember? [laughter] stuart: i do. >> the problem is we always - difficult to place images 440 calories, grilled took place images 330 calories and only 6 grams of fat and if you order a chick-fil-a nugget it's only 110 calories and 4 grams of fat. we were already - we were already there in terms of the health options. we have salads and stuff like that. stuart: here's another trend, you have to have this up delivered and go online and it's delivered to you. will you do that? >> they are experimenting with that. that's a hard trying not to pay attention to an experiment with. chick-fil-a is experimenting with that. i think their greatest concern,

which i share, is it runs the risk of commoditizing chick-fil-a's brand and making it look like every other fast food brand. chick-fil-a is known for their food but quite frankly, we become better known for our service and hospitality. you can't do that when a complete stranger or machine delivers your food. stuart: interesting. >> that is attention and this is a brand built around gracious engagement, genuine engagement and you lose that when you use a commodity service. >> i wish we could have more time but with an action like that - will invite you back. >> sir, i can get your real quick. stuart: come on back. steve robinson, great book, great man. more varney after this.

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stuart: i can't believe this. i'm looking at my phone here, i'm getting messages calling me

a socialistic. why do they think i'm a socialistic, because i thought that the 13 nill score and team america over time was excessive and the celebrations were un sportsman-like so i therefore am a socialist. my name is up, neil it's yours. >> makes sense to me. we've got a lot going on here in this capitalist country, or what's happening at the corner of wall and broad where they try to digest ongoing escalation of violence right now in hong kong, that are going from bad to worse , we'll have more in a minute the president is about to meet with the president of po land. these two have been getting along famously, very conservative, very populist in their approach, very anti- european establishment and the president is about to do something for the polls that is not expected but it could further tic off the european

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