tonight is the main course. expect bernie sanders to attack joe biden. maria: yeah. that is going to be really interesting to watch. kamala harris on that stage. pete buttigieg as well. thank you for coming out today, everybody. have a great day. right to stuart varney we go. stu, take it away. stuart: i don't care what they say, you should be the moderator tonight. you're good at it, okay? all right. good morning, maria. good morning, everyone. observations from the first democrat debate. number one, ashley is with me and he's snoring. stop it. number one, the party is shifting rapidly to the left. free stuff for all. two, there's a shift towards socialized medicine in some form. three, open borders remains the core immigration policy. four, the gloves never really came off, did they. no insults or serious put-downs. president trump called it boring. you'll get the relevant sound bites momentarily.

the president has arrived in japan for the g20 summit, just as he stepped off air force one the news broke that china has established its negotiating position in the trade talks. remove restrictions on huawei, remove all tariffs. that's a hard line. trump meets xi on saturday. i'm going to call it a flat to slightly higher market. any loss for the dow is accounted for by boeing, which is down sharply because of new problems with the max jet and look at that nasdaq go, up half a percentage point. big tech doing well this morning. there's a story on bitcoin. it hit $14,000 overnight but the coin base exchange crashed. when that happened, bitcoin fell sharply, currently is down to $11,700. just look at how amazon has changed the world. their prime days dominate the summer selling season. now we are seeing target, ebay, walmart and others join the club, jumping on amazon's band wagon with a ton of special deals of their own.

thursday, june 27th. "varney & company" is about to begin. who here would abolish their private health insurance in favor of a government-run plan? just a show of hands, to start out with. >> there's plenty of money in this world. there's plenty of money in this country. it's just in the wrong hands. >> they don't own me. >> i'm with bernie on medicare for all and let me tell you why. health care is a basic human right and i will fight for basic human rights. >> when somebody comes across the border not to criminalize desperation, to treat that as a civil violation. stuart: that's open borders right there. big round of applause. lot of promises from the democrat candidates last night, lots of giveaways. they moved way to the left, that's my opinion. no details, though, on how to

pay for it all. by the way, not a single moderator asked a single question about how you going to pay for all this. not one. not one. joining us is kayleigh mcinany. of the ten on the stage, who do you really want to run against? don't say bill de blasio because he doesn't count. >> we don't have a favorite, we really don't. stuart: yes, you do. you do. you do. >> stuart, this is why. look, you had amy klobuchar, we are told she's the moderate, right. you had amy klobuchar saying i agree with julian castro on decriminalizing border crossings. they are all the same. they are puppets of the left. that is what they are. stuart: did you find it boring? theme president was on air forc one flying to japan, he takes out his twitter account and types one word, boring. you agree with that? >> oh, yeah. the most exciting part was when the mics went out at nbc and they had to take the commercial

break and everyone was confused. when that's the high point of the democratic debate, safe to say it was boring. stuart: what are you expecting tonight? >> i'm expecting it to be far more contentious. you have bernie and biden. you will remember biden -- bernie, rather, kind of somewhat attacked hillary. it was tepid but he did. tonight the gloves are off. last time around the dnc rigged the election against him. this time i think he's gloves off. i think he's going to attack biden. we are going to see a food fight tonight as well as socialist policies that we heard last night. stuart: you enjoyed watching last night, but is there anything that you can point to that got you just a little worried? >> nothing that got me worried. but i guess i would say this. the lies from the democrat party which i know the american people can see through, but when you have liz warren up there saying that the middle class is suffering and meanwhile, paychecks are growing twice as fast for low and middle income americans and when you had cory booker up there saying small businesses are hurting, when

small business confidence is at a record high, i get concerned of course when i hear democrats lying, distorting the facts. but the good news is the american people see through it. they can feel the economy working in their everyday lives. stuart: we will be watching tonight, i'm sure. we will probably see you again soon. thanks very much. >> thank you, stuart. stuart: i'm making a big fuss of amazon simply because prime days only a couple of weeks to go but a whole bunch of competitors are jumping on that band wagon. we have walmart, target and i think ebay and others, all offering a slew of special deals of their own. am i right? susan: no one cares about ebay anymore. stuart: oh, okay. thank you very much. i didn't realize that. i don't know these things. i want to bring in gary kaltbaum, because look, i want you to make -- i'm making a cultural comment here. it seems to me that amazon -- you're laughing at me, i know you are, gary -- >> no, i'm not. stuart: amazon has really shifted the retailing world in a

dramatic fashion. midsummer is now bigger, i think, i think it's bigger than black friday. what do you say? >> stuart, last year amazon sold 100 million products totalling $3.5 billion on prime day. you are going to get competitors following suit. it's a fact of life. target is doing the smart thing. ebay is doing the smart thing. i expect others. they are going after them. target's advertising is based on the fact don't worry, you don't have to sign up and be a member, you can just do our sales for free, and ebay's calling it a crash sale because they crashed the website last year on amazon. so the competition's good and i must tell you, it's going to lower prices for the consumers and it will continue going forward. stuart: that was my question. is this phenomenon a good thing for america? my answer is yes, unequivocally. this is a good thing. you? >> competition lowers cost.

simple as that, for the consumer. i have to tell you, i expect probably amazon to go amazon prime quarterly day. you will see a lot more of this going forward. stuart: the stock right now, $1900 a share. let me talk about bitcoin. overnight it touched $14,000. they had technical problems, on a big exchange. bitcoin way, way down. now it's $11,700. gary, you have never been a big fan of bitcoin, have you? >> no. look, the first time i ever talked to you about it was in december of '17. i told you all these coins would drop 80% to 100% and all the scam companies that were changing their names would turn to dust. we basically got a lot of that. bitcoin is standing tall versus the rest of them and it really turned when facebook, when the rumors came out facebook with their 2.4 billion people may try to come out with some crypto currency and the stock's been en

fuego as they say. there's nothing behind it, no backing, no earnings, no sales growth. they're just buying into something, i call it air, and god bless them if they make money off it. look, this move has been real strong. i missed it but i also missed the 80% down. stuart: i'm too old for it anyway. last one. president trump, president xi, they meet on saturday in japan. now, what does the market do on monday morning if we just -- if all we get is a handshake and a smile? what does the market do? >> it won't be happy but i don't think the market will get killed because there is some movement but i will tell you, if the tariffs start heading north again, i think that's big trouble. i see it every day in the markets. that's something president trump needs to be very, very careful about, because our economy is decelerating a little bit here and any more deceleration will take you down to flat line. that would not be good news. it's an important meeting. stuart: we hear talk of a trade truce, whatever that means, if there was a trade truce, does

the market go up monday morning? >> i'm sure it will go up a little bit, yeah. listen, i will take a truce at this point in time because the rhetoric on both sides, not that good. china came out pretty strong today saying this is what we want or else. it's things that trump said he won't give. again, hopefully better things happen but right now, i think i'll take a truce. stuart: okay. so would i. gary, thanks for joining us. appreciate it, always. boeing and the regulators have discovered a new technical flaw in the 737 max jet and that's taking the stock way down. you've got a 3% loss, about $11 a share. it's a dow stock, remember, so it hurts the overall dow average. better profit at walgreens. that profit helped by strong pharmacy sales. look at that go, 3.7% up for walgreens. look at home builders. by the way, we get the latest read on mortgage rates at the top of the hour coming up. that's going to be a big deal. last week it was 3.8% something.

we are expecting it to come down a bit this week. let's see what happens when we get those mortgage numbers. overall, we are going to be down ever so slightly for the dow at the opening bell but again, that's all about boeing. look at that nasdaq. watch out, big tech. looks like they are going up this morning. big day at the supreme court. in our next hour, the supreme court's probably going to hand down that decision on whether the administration can include a citizenship question in the 2020census. when the ruling comes in, you will get it right here. facebook's zuckerberg backing privacy legislation but says his company should not be broken up. good story. we're on it. don't expect fake meat on the menu at arby's any time soon. it's taking a shot at meatless burgers by creating fake vegetables. what? "varney & company" is just getting started.

can't see what it is yet.re? what is that? that's a blazer? that's a chevy blazer? aww, this is dope. this thing is beautiful.

i love the lights. oh man, it's got a mean face on it. it looks like a piece of candy. look at the interior. this is nice. this is my sexy mom car. i would feel like a cool dad. it's just really chic. i love this thing. it's gorgeous. i would pull up in this in a heartbeat. i want one of these. that is sharp. the all-new chevy blazer. speaks for itself. i don't know who they got to design this but give them a cookie and a star.

but dad, you've got allstate. with accident forgiveness they guarantee your rates won't go up just because of an accident. smart kid. indeed. are you in good hands?

who is this economy really working for, when you have an economy that does great for those with money and isn't doing great for everyone else, that is corruption pure and simple. we need to call it out. we need to attack it head-on and we need to make structural change. >> donald trump just sits in the white house and gloats. >> this is supposed to be the party of working people. yes, we're supposed to be for 70% tax rate on the wealthy. yes, we're supposed to be for free college, free public college. >> this economy has got to work for everyone, and right now, we know that it isn't. this is actually an economy that's hurting small businesses and not allowing them to compete. stuart: what? what? it's hurting small businesses? what utter bloody nonsense. excuse my language, herman cain. excuse my language. the democrats are saying oh, this economy, this prosperity, it's not fair. your response to that one, please, sir. make it sharp-edged.

come on. have a go at them. >> your bloody criticism is a lot softer than mine would be. they are deceiving the viewers, period. they never talked about wages being up, over 3%. they never talked about historically low unemployment rates. they never talk about that. all of the business people and the workers that i run into tell me that things have not been better. they are deceiving the american people. now, the good news is that some voters are not stupid. they are not buying this malarkey that's coming from the lunatic democrats that some people saw last night. you see, i fell asleep after my popcorn and beverages ran out, okay. so i can't say that i watched the whole thing. it was putting me to sleep. stuart: as the president said, it was boring. wait, there's a serious point to be made here. you are a rags-to-riches guy. that's who you are. you made it from nowhere, born poor, you made it. now, do you think there's room

for someone like you in the trump economy, or in the bernie sanders economy? which is it? >> it would be the trump economy. as you know, on july 1st here in atlanta, we are having a world premiere documentary of my life. my life is an american success story when you don't look for excuses. i didn't make any excuses. my parents didn't make any excuses. that's probably where i got my work ethic from. so if you don't look for excuses, you can succeed in this country, and that's the purpose of that documentary that's going to premiere here in atlanta on monday, and people can go to hermancain.com if you are in the area in order to get tickets. stuart: i don't want to take too much of a left turn but listen to this. presidential candidate governor jay inslee not happy with mcdonald's chief executive salary. watch this. >> it is not right that the ceo of mcdonald's makes 2,100 times more than the people slinging

hash at mcdonald's. stuart: you used to run a pizza company. what do you make of that? >> governor inslee does not know what a ceo does. if he did, he wouldn't be using this phony narrative in order to try and attract votes. when a ceo makes a strategic critical decision, it impacts thousands of workers. it could impact whether or not a plant gets built. so he doesn't know the importance of what a ceo does because he doesn't understand the long-term implications of decisions that they make. so here again, he is deceiving the public with this rhetoric. but the good news is most people are not buying it. stuart: i have made special time just for you to deal with this. arby's. they are answering the fake meat trend with vegetables made from meat. now, the company's releasing kind of a tongue in cheek video showing you how to make carrots out of turkey breast. you ran godfather's pizza.

again, i want sharp-edged reaction from herman cain. give it to me. >> this dog won't hunt. that's my response. i commend them for trying something different. it reminded me of when i was working at burger king as a regional vice president and we put in salad bars, and we thought that the salad bars were going to be the cat's meow. customers came in and looked at the salad bar and said that's nice, i'll have a double meat cheese whopper. this dog is not going to hunt. okay? they may get a little initial kick but i'm telling you, the american people love meat and they are not about to change. stuart: you're all right, herman. anybody who can put a smile on my face after last night's debate, you did it well, young man. see you again soon. thanks. look at futures on this thursday morning. we have now turned higher. 17 points up, maybe, for the

dow. look at that nasdaq. that's where the action is, in technology. up a half percentage point. question, would you pay six figures for a pickup truck? chevy's getting ready to release a version of the silverado that costs more than $100,000. that story is next. is where people first gathered to form the stock exchangeee, which brought people together to invest in all the things that move us forward. every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of life and investing are greater when we come together. ♪

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stuart: delta airlines will allow passengers flying to the dominican republic to change or cancel their flights without penalty. the news came out yesterday. this morning, the stock is up premarket, not much, but it's up. look at general motors. the chevy division working on a pickup truck that could be the first to top $100,000 price tag. ga gary, what do you get for 100,000 bucks? >> it's amazing car companies are racing to make the most expensive truck. ford already makes one you can spend $95,000 on and it has been heading in this direction. we are talking about the big super duty, heavy duty trucks, not the sort of thing everybody drives around as a normal vehicle. you talk about leather interiors, adaptive cruise control, big booming sound system. this is the big crew cab, the most powerful engine -- stuart: it's big. >> it's not for everyone.

the price is going up, up, up. these trucks start at $40,000 so they add these features and get a lot of cash. stuart: pure profit. i understand. i got it. what about the camaro? are they doing away with it? >> there's a story in muscle cars and trucks.com. sources tell them they stopped development on the next generation camaro which would have come out in 2023 and they will put it on hiatus after that. they have done this before. they didn't make one from 2003 to 2010, sold really well when it came back. this latest update they came out with a couple years ago has not been a big hit. sales have been going down the past couple years. chevy only sold 50,000 camaros. when you are spending a lot of money developing a new lineup of electric cars, something like this might have to get pushed to the side. that's not to say they won't replace it with another type of sports car and maybe bring it back some day. stuart: the attraction of the muscle car was always the acceleration, the pickup. >> interestingly, they actually made an electric version of the

camaro, drag racing version, they have been bandying about saying maybe we will do something like this. general motors has confirmed this but haven't denied they are walking away from the camaro. stuart: doesn't have the throaty roar. got to go. got to go. gary gastelu, thank you very much indeed. we will open the market in about five minutes. we will be up 20 points on the dow but watch the nasdaq. watch your tech stocks. looks like they are going up today. back in a moment. your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity.

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stuart: we have some youngsters in the studio this morning and i was saying sit back and watch history being made, lads. you're going to love it. isn't that right? yes, it is. all right. the price of gas nationwide averages $2.69. it started to go up. however, look at california. i think, ash, they are pretty close, look at that, $3.73, moving towards 4? ashley: some places in california, the east-central part of california, well above $4 a gallon. now, july 1st which by the way is just around the corner, another 5.6 cents per gallon tax will be imposed. i was just reading some of the drivers' responses in california. they are saying we hate taxes, we have literally become numb to them in this state. okay, another five cents per gallon, another $3, $4 a month. they will just keep paying it.

the average, close to $4 a gallon in california. stuart: keep electing socialists. come on. the opening bell is actually ringing. when it stops ringing, they will start trading. it is thursday, june 27th. here we go, sports fans. i'm looking for a gain on the dow, a fractional gain on the dow. didn't get it. we are down 12 points but not all the dow stocks have opened yet. okay. now we are down six. call it flat to slightly lower. the reason -- now we're moving up. by the way, there's one dow stock that's down sharply, boeing. get to that in a moment. that is hurting the overall average. the s&p 500, where's that? up -- oh, not bad, a quarter percentage point higher. here's what i want, the nasdaq. home of the technology companies. where is that? about a third of 1%. we'll take it. 7,939. the yield on the ten-year treasury, 2.03%. yesterday it went fractionally

below 2%. where is the price of gold? is it still at $1400? yes, but only just. $1406 is your price per ounce. and oil, not at $60 a barrel this morning. no. it's $59.27. michelle mckinnon is here, eddie ghabor, susan li and ashley webster all together now. okay. president trump meets xi jinping on saturday. michelle, what does the market do on monday morning if all we've got from this summit, if all we've got is a smile, and a handshake. what does the market do monday? >> higher. stuart: really? >> yes. i think the market needs something to say they are speaking, the lines of communication are open and markets will move higher. stuart: eddie, president xi laid down some pretty strong terms this morning. stop restrictions on huawei, get rid of all the tariffs. that's what we want. that's pretty hard line. what does that tell you? >> if he takes that hard line stance on saturday during the

meeting, i believe president trump walks away from the table. it's not going to be good for the market but i think that's the right move. we have all the leverage in this negotiation right now. our economy is strong. they are suffering. manufacturers are leaving china right now. they are having to put stimulus in their economy. it's not going to be good for the market short-term but eventually they will have to come to the table. best case, they do not come with that hard line stance. they will say put a temporary halt on the $300 billion in tariffs and we will continue the negotiations. stuart: that market would go up on that. susan: the media is calling this a generational trade deal. they are putting a lot of pressure on xi jinping in terms of what he's going to negotiate but we have been here before. we have been at these asks, you know, to not have these punitive tariffs, to not go to 25% on $300 billion worth of goods and not to, by the way, crimp huawei. this is similar to zte. i feel like we have been here before. i don't think these are tough asks in that we have negotiated these rules and regulations. stuart: we are right up to the brink. that's where we are.

ashley: sounds like china is coming in strong with the huawei request and take away the tariffs. i think president trump goes in hard. i think he does. we had a deal and you walked away, i'm not so optimistic. stuart: we absolutely do not know what's going to happen in that room. ashley: right. stuart: what we are hoping for, what we think might happen is a smile and a handshake. susan: i'll take it. >> that's the best case scenario. susan: a china deal looks like what the u.s. president says it looks like. >> we'll know saturday how the market will open monday. stuart: all right. facebook's chief succezuckerber okay with the regulation of the company for privacy purposes but does not want the company to be broken up. seems like he's charting a middle ground course here. which probably is quite promising for the company. >> it is. i think that's reasonable. look, they will have regulation and i don't think it's necessary to break up the company but certainly regulation in regard to privacy needs to be put into

place. stuart: but don't break them up. you wouldn't want that. what do you say? susan: of course he doesn't want instagram and whatsapp to be broken up. they are two extremely valuable parts of the company. dare i say if they are broken up, i think about ebay spinning off paypal. who knows. it could be positive if they are forced to do that. susan: i was watching the aspen ideas 101. he made a good point. he said when i bought instagram, people were mocking me saying why are you paying billions for a picture app. now look what he's grown it into, right. so also, you are putting the onus on the government. you define hate speech. you define what terrorism is. he doesn't see that these mergers should be broken up because at the time they were criticized. stuart: facebook's stock is $189.64 as we speak. boeing and regulators discover a new technical flaw in the 737 max jet. the headaches just keep on coming, don't they? that's a headache right now. you are down nine bucks at $365.

that stock has not really recovered. it's had its ups but loads of downs. would you buy it? >> i always like a comeback story. i always like to buy the dip. i encourage my investors when you are dealing with individual stocks it's just so hard to tell. if you want to buy boeing, buy boeing in an index so you get companies like apple and amazon for some protection if it continues to go down. stuart: the high on boeing was 446. it's now 364. you wouldn't buy it? >> the amazing thing with boeing, it hasn't taken the hit you would really think with something so big. they put all their eggs in the 737 max. that's a business risk the company takes. when all your eggs are in that basket and it fails, there could potentially be a lot more downside if this delay continues. stuart: the expectation is it will come to market, it will be a successful product and they can get a dollar number on their liability. when you get the dollar number and you get -- ashley: clarity. yeah. stuart: i would imagine the stock goes back up again because they have orders.

ashley: massive back order for boeing. this plane seems fated right now. they just can't work out the bugs. stuart: boeing is taking quite a few points off the dow industrials which is still up a little. we are up six points. flat to slightly higher. let's leave it at that. better profit at walgreens. selling a lot of pharmacy products. walgreens is up 4.5%. conagra sales and profit fell short. when that happened, the stock goes down. it's off 7.8%. they make bird's eye stuff among many other things. mccormick, the spice people, their sales were flat. the stock is down 2%. nike, they report after the bell today. right now, you can see what it's doing. $83 a share, up 70 cents. bitcoin. it touched $14,000 a coin overnight, then one of the exchanges crashed. susan: one of the largest ones. stuart: fill in my sentences for me. at my age, you need that. coin base crashed, down it went.

i don't know whether you touch it with a ten-foot pole or not. i can't remember. >> it's something people ask us about all the time. when it comes to investing, i prfr to prefer to be able to look at the balance sheet. what is behind bitcoin, how many people are able to manipulate the price. there could be highly concentrated people that own this and there's a lot of exchanges trading it that probably aren't even properly regulated at this time. when something moves like this, in my opinion, i'm conservative as you know when it comes to investing. i think it's way too speculative for our client base. stuart: okay. i will go with the libra. susan: i was going to say, we haven't talked about libra. interesting. stuart: i will do that. if i knew how to do it. susan: some say this is not real crypto because it's backed by -- >> right. it's not necessarily blockchain, pure blockchain that bitcoin is. >> or the crypto based on supply and demand. stuart: crypto, you're killing me. you're killing me.

do take a look at google. it will now let you delete your location history automatically. susan: google, before they were collecting your location data, whether or not you turn it off in the settings. they say it was to improve their services, kind of like what amazon says when they record you on alexa. now users can opt in to have their location data automatically deleted from google every three or 18 months depending on your preference. stuart: if i was in a place two weeks ago that i wasn't supposed to be, i could go and say wipe that out, please? can i do that? susan: i guess so. ashley: where was that? susan: raise a lot of questions. stuart: why don't we take a look at amazon, the other major retailers. prime day, two weeks away. amazon's rival jumping on the band wagon with deals of their own. seems to me, i want to get back to this because amazon is a

trendsetter. it's a cultural phenomenon. >> they are, absolutely. look, this competition they are bringing is good. it's strong. prices will come down but at the end of the day, they may penetrate the market but amazon is going to continue to be the leader in this space for the foreseeable future. stuart: it's a wonderful thing. >> it's a wonderful thing. i'm really curious to see, i never downloaded the target app. i believe they have a target app. the reason why i love amazon is i can literally go on amazon, in two seconds i can look at flip-flops, buy flip-flops, have them the next day with such ease and i'm curious if target's experience is similar. that's what it's all about. the consumer experience. susan: i like the fact you called it a trendsetter. black friday moved up. forget about november. now it's going to shift to july or sometime in the summer. i'm wondering if necessithey wi alibaba single sales days. they sold $30 billion in one single day. stuart: that would be hard to beat. last prime day was $3.6 billion. gary kaltbaum told us that.

susan: in gross merchandise value, sold in one single day on singles day by alibaba. stuart: i want to see the total number in two days. july 15 and 16, i think it is, two days, what will they get. >> the aggregate numbers, too, for retail, how strong that is. stuart: it was a huge bump up because of the amazon phenomenon in the middle of summer. ashley: yes. stuart: fascinating. it really is. 9:40. sorry. i'm sorry. you have come all the way here, you get ten minutes of glory. your kids are in the studio. next time you're here, you are going to tell me what is the capital of egypt. okay? susan: they know. stuart: do you know? cairo. excellent. excellent. excellent. thank you very much indeed. check that big board, why don't we. we are down 15, 13 points. slight reversal there. bernie sanders calling president trump the worst kind of socialist, he said that in a

new op-ed. it's in the "wall street journal," by the way. can't make this stuff up. my take on that in the 11:00 hour. one young woman battling cancer credits the right to try law for saving her life and she thanked president trump for it during a meeting at the white house. she's going to join us in our next hour. democrat presidential candidate elizabeth warren, amy klobuchar visited a migrant detention facility in florida before last night's debate. their colleague senator rick scott calls it disgusting. senator scott is on the show. in fact, he's next on "varney." carvana is six years old this year

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stuart: it's a modest loss for the dow, down 12 points.

i think almost all of that loss is accounted for by one stock, boeing, which is sharply lower today. amazon teaming up with rite-aid for package pickup. okay, pickup. ashley: this is terrific. 1500 rite-aid stores nationwide. it gives amazon that distribution to pick up packages and it's great for rite-aid. these assigned stores where you can go pick up your online orders. stuart: anything, right? any kind of online order from amazon -- ashley: but add the foot traffic and sales rite-aid could get out of this. interesting because amazon, even though it's the biggest foe of brick and mortar, is now using brick and mortar for that very important last mile of delivery. this is another way to be able to give the customer the ease of picking up their packages. stuart: the stock is up 5%. susan: amazon, the whole foods, the locker model.

ashley: good for rite-aid. stuart: presidential candidates elizabeth warren and amy klobuchar, they went to a migrant detention center in florida right before last night's big debate. senator rick scott, republican from florida, is with us now. mr. senator, why are you not happy with their visit to the migrant camp? >> first off, we don't have to work anymore. everything's free. by the way, if you do work, the taxes are going to be so high you can't keep it. i'll take it. hard to believe anybody takes these people seriously. think about this. this detention center has been open since 2014. oh, yeah, who was the president then? barack obama. did they go down there when barack obama was president, say oh, this is all wrong? no. what they're doing is they are causing the problem, the democrats who will not vote to secure our border, will not change our asylum laws, then they want to go out and attack the wonderful people they're trying to take care of our borders, make sure drugs are not

coming across the border, make sure terrorists are not coming across the border and somehow they're the bad guys. it's crazy. stuart: they went overboard last night on open borders. julian castro flat out opened that border, let them all come in. i was surprised, because this is not the democrat party of three or four years ago. it's completely different. >> it's not my dad's democrat party. that party said i care about you and you having a job. the democrat party today says look, you know, we want open borders, bring all the drugs in, bring all the terrorists in, we don't care. we are going to tax the living daylights out of you, tell you how to lead your life and by the way, that private health care insurance you got, it's gone. you aren't going to have any more of that. the government is going to do everything. wasn't it soviet russia that was doing this when we were growing up, now that's exactly what they want to bring here. stuart: what was that expression, you think health care's expensive, just wait until it's free. i forget who said that but somebody did say that. while we're on the subject of

the border, the house and senate have to reconcile their border bills. i think they've got to do it before they leave for recess. are you going to stay in d.c. until they get this done? >> i'm going to be here to make sure that we do this humanitarian relief. i'm still frustrated that the democrats don't want to secure our border. we won't spend the few billion dollars it is to secure the border, more agents, technology, various things like that, but we will spend $4 billion plus for humanitarian relief and we should be spending that money to take care of these individuals, but think about it. we wouldn't be spending this money if the democrats would help us do what we should be doing, secure our border, prevent the drugs from coming across, create a program that we all want. we believe in immigration. i'm from an immigration state. but fix it so we have legal immigration, not illegal immigration. stuart: will you stay in d.c., you yourself, until you get this done? >> absolutely. i'm going to stay here to get this done. i'm absolutely committed to getting this done. i'm hoping it's going to be today but look, i'm going to be

here. we will get this done. stuart: okay. mr. senator, it's always a pleasure. thank you very much for being on the show again. we appreciate it. >> nice seeing you. stuart: yes, sir. back to money, back to the markets. the dow 30, look at that, about 25 are green. that means they're up. just a few on the downside. boeing's the big loser. that's hurting the dow a little bit. nonetheless, we are up 14 points for the dow industrials. i'm told boeing takes 70 off the dow. new company shaking up the wellness business. go online, take a three-minute quiz about your health, the company then recommends the vitamins you should have and sends them to you. i want to know what they have for me. we did ask. that's next. under this buttonwood tree, is where people first gathered to form the stock exchange which brought people together to invest in all the things that move us forward. every day, invesco combines ideas with technology,

data with inspiration, investors with solutions. because the possibilities of life and investing are greater when we come together. ♪

stuart: there is a nutrition company that's trying, trying hard, actually, to disrupt the wellness business. this company is called hum nutrition, h-u-m, hum nutrition. here's how it works. you go online, you take a quiz about your health, the company recommends the vitamins that you need and then sends them to you. that's how it works. joining us is walter folstrow, the ceo of hum nutrition. we will get to what you sent me in a moment. have i got it right, you fill out a form, send it in, you tell me what vitamins i need and you

send them to me. is that it? >> that is correct. in addition to that, you also get assigned your own nutritionist through our website who you can work with and she will tell you what's right or wrong for you nutrition wise. it's a very interesting concept, very holistic concept. stuart: is that a british accent you've got there? >> i used to live in the uk but i'm originally from austria. stuart: okay. we'll let you off. all right. now, say one fills in the form for hum nutrition on my behalf and said, i said i wanted energy and memory. you know what you sent me? >> okay. stuart: you sent me skin heroes, pre-probiotic that nurtures your skin and gut protection, you sent me here comes the sun, and you sent me turn back time, age-defying skin cell protection. what's that got to do with my

memory and energy level? >> the energy level is an interesting one because you are probably b3 deprived. you ever heard the expression having the winter blues? that happens because you don't have enough d3. that's a huge nutrient that's very important to boost energy levels. as it comes to your other concerns, i wasn't there when the form was filled out so maybe your colleague mentioned that you have also some skin concerns which we are trying to address. maybe this is what happened. and they played a bit of a joke on you. stuart: look, you are price competitive, i take it, because if i wanted vitamins, i would normally go to a gnc. are you telling me you can get them to me cheaper? >> i don't think it's about cheaper. it's really about something that really works for you and that's important. so in our case, what we do is we really offer a very comprehensive service. you go to the website, take a quiz, you get your results, but you can also work with a nutritionist for free who will help you identify what's right or wrong for you, then we will ship to to you in the post.

it's very convenient. it's not a question about providing something cheaper. it's a question providing what's right for you. stuart: you give me health advice built into that, isn't there? >> i would say yes, wellbeing advice that we are providing in addition and i think it's a very comprehensive solution. but the quality you are receiving is also greater. it's not just about like the advice. it's also about giving you exactly the right nutrients at the very high quality but the price point is also attractive for the quality that we're delivering. stuart: you got any testosterone? i mean, really. >> let us know of your concerns. that is not really our business. we're not offering testosterone. if there's something you require, i'm sure that other services out there can help you. stuart: oh, i'm sure there are. yes, i'm sure. you're all right, you really

are. thank you very much. i'm very interested in your company. i know you are expanding rapidly. thanks for coming on the show. good stuff, sir. appreciate it. >> thank you so much. thanks for having me. stuart: bank of america will no longer do business with companies that run detention centers. susan: white collar protests. remember wayfair, the first retailer yesterday, their workers in boston walking off the job because of protesting that $200,000 contract to provide beds to a detention center near the border. well, bank of america now says they will stop providing loans to caliper, a newspaper, the miami herald said they had been offering these companies $383 million and $75 million in credit lines as well. this is private prisons, also detention centers. they will stop any credit being doled out to these type of companies. stuart: that thet i cpathetic. that's another story. thank you, susan. republican law makers in oregon have gone into hiding, trying to prevent a vote on a climate bill

they claim would devastate the state's economy. good story. we're on it. just moments from now, we expect to get the supreme court ruling on the citizenship question on the census. when we get it, you will, too. . .

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hey would say "oh we can't beat usaa" we're the webber family. we're the tenney's we're the hayles, and we're usaa members for life. ♪ get your usaa auto insurance quote today. stuart: very soon we'll get a ruling from the supreme court whether or not a citizenship question can be added to the 2020 census. 17 states challenged the administration plan to ask the question, are you a citizen. the ruling is coming down very shortly. when we get it, you will get it. that is a promise. it is thursday. 10:00 eastern time. you know what that means. mortgage rate today. ashley: 3.73%. 3.84% last week. no big surprise we see the interest rates come down, down seven of the last. lowest level in two years.

stuart: 3.73. ashley: on 30-year fixed mortgage. 15 year mortgage, 3.16. stuart: as we always say you paid 16%. i paid 12%. there you to. ashley: just saying. stuart: there is no reaction on the stock market. the dow jones industrial average is modestly higher, a 10-point gain, 26,546. all right, everyone. now this. just picture this. the president is on air force one. he is heading to the g20 meeting in japan. he is watching the democrat debate. he tweets out one word. boring. when, that is his opinion. it was certainly not as entertaining as the original trump debates. no serious insults barbed comments or put-downs. the gloves stayed on. of course they did. the 10 candidates all moved almost in lockstep to the left. they all agree on taxing and spending. it is just a question of degree.

almost without exception, they would all tax more and spend more. their biggest problem, is the successful trump economy. how do you campaign against prosperity? well they all played the fairness card. amy klobuchar said not everyone shares this prosperity. cory booker says it is hurting small business. i don't know where he got that one from. beto o'rourke said the economy is rigged to the corporations and very wealthiest. bill de blasio demands a tax rate of 70%. they seem intent on killing prosperity, perhaps because president trump created it, nothing trump does can be seen as good. where they really turned sharp left is on health care. the moderator asked, who would abolish private health insurance. elizabeth warren's hand shot up immediately. followed shortly afterwards by bill de blasio. grantedded senator warren wants to get out in the front of socialist stakes, lock in the

base. but still surprising that the democrats should have moved so far away from the center. did you ever think we would see the day when a leading presidential candidate tells 150 million americans, no, you can't keep your private insurance. you have got to give it up and get expensive, bureaucratic government care to replace it. that, sr. we are. free stuff for all of the, given by the government. economic nonsense, a very weak answer to trump's prosperity. one last point, none of the moderators asked a single question about how all the free stuff would be paid for. that is fortunate. because it can't be paid for. and the left is most unwilling to do the math. let's get straight at it, shall we. news alert. look at that man, present in the 20s and 40s. straight down pennsylvania avenue, here he comes. turning point usa founder charlie kirk. you heard my editorial last

night. i agree with the president's statement. it was boring, didn't really get anywhere, did it? >> it was very boring. stuart, you made such an inciteful point in that editorial where i have never seen a group of people try so hard to convince the american people things are bad. things are actually really good right now. wages are finally going up. manufacturing jobs coming back to this country. this is the best june on the stock market in 80 plus years. you see an entire group of politicians committed to selling misery in times of prosperity. that is a tough sell to make. you even saw the moderator beginning parts of the debate, well, senator warren, 70% of americans believe the economy is pretty good. then elizabeth warren dismissed it, no really not working that well for most people. almost as if they believe that they can sell misery better than the reality of prosperity. stuart: i was really shocked, not a single moderator, several of them over the two hours, not

one asked how do you pay for all of this stuff? i'm sure that will be a very, a question they will be unwilling to answer because you can't answer it. i was struck by the fact they never went there. >> yeah. they would say three words, tax the rich. what does that even mean anymore, when you look top income earners are paying 60% in taxes, if you count, state, local, federal taxes all put together. what is interesting, stu, you made another great point in your editorial, no matter what donald trump does they must be opposed to it. that is the new commandment of the left, what really drives them, no matter what he couple accomplishes, what he states, they must find opposition to it. it is quite interesting, i would love a single question to be asked, as donald trump done anything good? can they name one thing he has done right? wouldn't that be a interesting question to see them answer. they would scurry out of it. they refuse the answer basic questions of math or economics. stuart: if that is suggestion for the moderators tonight, i

think that is good. i don't think they're watching this program, nonetheless that would be a good suggestion. >> you never know. stuart: last one, joe biden is going to have a very hard time tonight because the party has gone way out to the left. i don't think he can afford to go with them. he has a very hard time. what say you? >> i totally agree. i will say i was surprised that considering last night was mostly lower tier candidates except for warren, they were not punching up against biden. that was fascinating to me. if i was one of them which i wouldn't have had, i would have gone way after biden gotten headlines. the biggest existential threat to our country. governor inslee from washington said donald trump which is one of the most detestable statements imagine, saying the united states president is biggest threat to our own country. about the rest, most of them said china, which is a direct hit towards joe biden. joe biden said china is not a

threat to us, his family has done direct business with china. i see china might be a very big issue that might divide the democratic primary. that was a veiled shot against joe biden. stuart: 20 to 30 years before you're in a presidential debate, keep your powder dry. >> not a democrat one. stuart: i know that, lad. charlie, see you soon. >> thanks, stu. stuart: look at bitcoin. it touched $14,000 per coin overnight. then there were problems at a major exchange t came crashing down. it is down $1100 per coin, 11,350 is where we are now. bradley tongue is with us, tusk you have invested in bitcoin? >> i invest in the places where you trade bitcoin. stuart: is it safe? you crash the exchange, it is not safe.

>> look, i think what you're looking for if you're a bitcoin investor or any cryptocurrency, what you're saying i don't trust central banks, central government, the fed here, argentina, venezuela, places like that. it is not unreasonable for people to say i don't have confidence in my government. would i prefer a sovereignless crypto can you currency people like me are trading instead. that is not a crazy idea given the lack of faith in institutions these days but you still have some way to operate. you still have to some kind of a mechanism. coin base is the preeminent way to trade bitcoin and other cryptocurrency. if coin base goes down, there is literally no way to do it unless you go to another exchange. fundamentally even sovereignless crip cocurrency needs some level of infrastructure, centralization to work. stuart: you would thought investing in coin base you would provide the infrastructure, and it crashed. can i conclude therefore, something wrong with coin

base -- you're invested. >> even if i wasn't, look, i think that different types of technology crash, twitter goes down sometimes, facebook. stuart: true. >> i'm not sure calling any technology any fallibility thing is not safe. what you're really saying is, fundamentally if you're going to invest in something by definition the opposite of a sovereign currency run by a central bank is the infrastructure there to support that kind of system? the network, by and large coin bank has done a good job. it is young, new, ipo company -- it hasn't had ipo. stuart: did you get a call in the middle of night. >> i'm down there. stuart: amazon, prime days, july 15th, 16th, walmart, ebay, target up whying on the bandwagon. >> yeah. stuart: this to me is extraordinary, retailing revolution created by amazon. you have this massive selling days, two of them in the middle of the summer. this is a revolution. i really approve of it.

this is great thing. >> look, lots of holidays we see as normal american traditions were created to sell things. valentine's day, mother's day, lesser extent father's day. so, that's fine. that's good. what it means a lot of these things are somewhat arbitrary. if amazon or walmart or someone else thinks they can create more sales and spur more revenue by doing a couple special things in the middle of the summer there is nothing wrong with that. back to school at one point wasn't a big event and now it is. clever and everyone looking for an edge. stuart: all these deals, prices are coming down. consumer wins on this. >> consumer wins with one exception. i live here in manhattan. on the way to the studio, walked by so many empty storefronts, that is concerning. if you live especially in a big city, a small town, a lot of local businesses physical retailers can't compete, that is a concern. but putting that aside, overall, if you're consumer looking at best price on walmart.com or store or anything else, it is

good for you. stuart: got it. bradley tusk. >> thanks for having me. stuart: breaking away. the supreme court has a rule on the gerrymandering case. hillary vaughn at the supreme court. details please. reporter: stuart, they struck it down essentially saying they dope have jurisdiction over this. they don't want to deal with this. two cases, north carolina plaintiffs and maryland plaintiffs complained they said the way the districts were drawn were too partisan. they had issue what is essentially called gerrymandering the party has control of the state redefines their district to their advantage but the court didn't want to deal with it. justice kagan delivered dissenting opinion, said for first time ever this court refuses to remedy a constitutional, constitutional violation because it thinks the task is beyond its judicial capabilities. really the argument here is, one side saying, they don't think they have have to deal with this or make a decision on this. the other says they should. stuart. stuart: okay.

sounds like a put to me but -- reporter: exactly. stuart: that is a non-legal expression. i will use it. hillary, thank you very much indeed. moments from now we expect to get the decision whether the census can include a question on citizenship that is very big case, very important. we'll get it for you as soon as there is a ruling. we have this too, republican lawmakers in oregon are in hiding. they are trying to avoid a vote on a climate change bill which they say would destroy the state's economy. one of those senators is showing up for us today, coming out of hiding so to speak. yesterday, president trump addressed the faith and freedom coalition. with him was a cancer survivor who praised him for passing the right to try experimental drug law. she said it saved her life. she is on our show later this hour. ♪ what do you look for when you trade?

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stuart: we're down 30 points on the dow industrials, fraction of 1%, 26,500 is the level. deutsche bank says still, facebook is a buy. that is probably helping the stock a little bit. it is up a buck 70, 189 is the quote. "the wall street journal" has a report that china is sending president trump new terms, series of terms for a trade deal. sounds like a hard-line. what is in it. susan: chinese media says generational trade deal. looks like president xi xinping is setting a hard-line. three asks here. they want huawei restrictions lifted. they want to buy less u.s. goods. remember they agreed to $200 billion a year. they don't want that to go up to $300 billion a year. number three, list of punitive

tariffs, meaning the u.s. leaves tariffs on until china follows through on their promises. that is something china does not want to agree to. stuart: how much compromise on getting rid of watt way restrictions. we'll not do $200 billion more of imports. number three, we don't want punitive tariffs, get rid of them. that is hard-line, hard to find middle ground there. susan: no 25% raise on rest of goods that china imports or exports here to the u.s. one big headline crossed, i want to mention this, looks like on a preliminary basis, china's president xi xinping agreed to a state visit to japan. why is this important? they have been adversaries since the second world war. when you're having trough trade negotiations with the u.s., you're pushing china long-time nemesis and adversary. that is a shift in dynamics around global politics. stuart: fascinating. dow still down 30 points. got it. at least 11 tourists have died in the dominican republic

and that is hurting tourism. jeff flock joins us from chicago. jeff, can the airlines do anything about this? reporter: i'll tell you one airline is. we're at united airline terminal because the the flight to punta- cana. delta doing that, united is not. book bookings for june, down 74%. that is big win for other areas you can go to in the caribbean, bahamas, jamaica. bookings there are way up. we talked to the folks getting on the united flight this morning to punta, and he found a lot of people that were on the flights would not have been on the flight if they could have

canceled it. take a listen. >> some people are having second thoughts. did you have any second thoughts. >> yeah. but our trip is non-refundable. that is how that goes. >> i am concerned. what i'm doing is taking measures to make sure i'm safe. we brought our own alcohol. >> why not say the heck with the money? >> no, i can't. [laughter] $1800, boss. [laughter]. no, heck with this money. reporter: you got that, boo? should point out, we should point out that the reason they bought their own alcohol is that some people have speculated that perhaps it was alcohol down there that caused a problem. we don't know what is causing these deaths to be clear, stuart. stuart: got it. thank you very much indeed. see you soon. jeff flock right there. second time in a week a florida city paid a ransom to sigher

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stuart: sure looks like the market is waiting for something to happen with the xi xinping, donald trump meeting because we're going nowhere. the dow is down 13 points. that's it. more than 100 bills are in jeopardy in oregon because republican lawmakers remain in hiding. they have been in hiding since last week trying to avoid a vote on climate change. joining us now is bill knopp he is an oregon state senator.

he is on the phone with us right now. senator, you've been out a couple weeks, you've been out for what? how long are you going to stay out? >> well, we're going to stay out until we're convinced that this carbon tax bill is truly dead and there are not the votes to pass it. i know our leadership team is in negotiations right now with the governor and democratic leaders. so we're prepared to stay out until june 30th, that is necessary in order to make sure the voices of our constituents are heard and respected. stuart: so you object to a carbon tax in your state right, tim? what kind of a carbon tax? like how much would it cost? how much would it bring in. >> well this bill is the most complicated, inefficient expensive way to do it. what it does raises the gas tax by about 22 cents a gallon to start out with. over a period of years it could go up as high as $3 a gallon additional gas tax. raises natural gas prices 50% for our constituents who heat

their homes with natural gas. and it endangers manufacturing jobs by the thousands. there is a paper mill that makes paper towels up near the astoria area, 2,000, blue-collar union jobs that plant is put that in jeopardy. this is costly for the people of or gone. stuart: i can't imagine the people of oregon want this kind of thing. i'm sure they are big into climate change but do they want the draconian solution? >> not when you are told what it actually does. when you stick with talking points, clean energy jobs bill, people are in favor of it. when you tell them what it does and cost them they have become very opposed to it. if you're so convinced the public wants it, put it to a vote. we have the process in oregon, direct democracy right to the ballot. stuart: tim, today is june the

27th. are you telling me if you stay out until june the 30th, you kill this thing? >> well, for sure we kill it if we do that. there is obviously negotiations going on. we were hoping for a bipartisan, bicameral agreement and, i'm hopeful that will still happen but, i mean we are getting to the point of no return here. so hopefully that will happen. if not today tomorrow. we'll see what happens. stuart: yes, you will. tim, i know you're hiding in plain sight. thanks for joining us this morning. we appreciate it. keep us up to speed. >> all right. thank you. stuart: last night democratic presidential candidate elizabeth warren again confirmed she wants to kill our private health insurance. what are we getting from tonight's democratic candidates on night two of the debates? we're asking questions of course. here we go. ♪

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new york city mayor de blasio, senator elizabeth warren. both focused on health insurance. both kill private insurance. don't want it. we have a joshua, a heavy-duty critic of socialism. welcome back. good to see you. >> thank you very much. glad to be here, stuart. stuart: describe for me what full-on government care looks like. tell me. >> well it looks, two things to think of. one is very long waits for treatments and some treatments that people can't, if you wait long enough, you don't need the treatment because you're dead. and, and also, terrible problem of how you get innovation. we have seen diseases conquered by tremendous innovations in drugs and treatments. we have diseases that have not been conquered that we're hoping that new medical innovations

will some day free us from the fear of. and, and that innovation comes largely from the united states and it is largely driven by profits, by research that people undertake for profit. these other systems that are, that are all government-run, they try to take the profit out of medicine, they piggyback on the american system to get their innovation. and if we go the way they go, i don't know where it is going to come from. stuart: now in other societies which have tried some form of socialized medicine, whether it is full-on are partial, can you describe what happens to the price of health care, the cost of health care? i would imagine if the government is providing it the cost goes up, to the taxpayers, am i right? >> well, yeah, it has to be paid for by taxes. we hear people here like last night talking about

"medicare for all" but two things. medicare right now is not really solvent going out some years. it is already in trouble about how it is going to be funded. "medicare for all" is going involve enormous taxes. the other thing is, that i'm a senior citizen. i'm on medicare. like almost all other senior citizens on medicare i have a private insurance policy to help me pay for the things that medicare doesn't cover. stuart: i think you have answered the question right there. i just get the overall impression, that on all areas the candidates last night and i expect the candidates tonight, will try to make america look more like europe. what do you think? >> well, they do or at least, what they imagine europe is but you know they talk about these european models. the favorite ones usually are scandinavia but in scandinavian

countries they have a different system than ours but they pay for it. everybody pays for it. they have taxes across the board, and they are running, all three scandinavian countries last year ran budget surpluses. we have a one trillion dollar deficit now, without adding all the things that the democrats are proposing to add, we can add those things but why don't we be honest with the public, say, all we need to do is raise taxes by a couple trillion dollars and we can give you all these goodies? stuart: nobody wants to say, just a couple trillion, a trillion there, josh, you know what happens, you're talking real money. joshua, thank you for your commentary. see you soon. >> thank you. stuart: there will be a second democrat debate is tonight and our own kristina partsinevelos is there waiting for it. any idea what we're going to see tonight? reporter: definitely talk about

similar topics, economy, immigration. where i'm standing the candidates come to here speak in the past hour or so. why? there is massive media tent right behind me. much give you a glimpse behind the scenes. no one is live, this is perfect timing. we had julian castro come here. he said off-camara to fox next to us, that he didn't sleep at all last night. beto o'rourke talked about immigration and breaking up i.c.e. but the building right behind me is where the second debate will be this evening. we have some heavy hitters, even though randomly picked, joe biden, bernie sanders, mayor pete, kamala harris, just to name a few. joe biden this is not the first rodeo. is 76 years old, done the debating scene. expect sparring to go on between him and bernie sanders. for them to focus on "medicare for all," immigration, economy. so the big question, stu, i know a lot of our viewers want to know, how are they boeing to pay for it all? we'll see 9:00 p.m. eastern

time. here in downtown miami. back to you guys. stuart: i do not expect an answer to that question but i will listen for it carefully. reporter: maybe. stuart: kristina, thank you very much indeed. the boeing company facing more problems, yeah more questions with the max jets. united says it is pulling those jets until at least september the 3rd. anything more on this, susan? susan: southwest has delay until october. think of cancellations, and thousands of flights canceled over the busy summer holiday travel period a new software problem they found in the 737 max. it didn't go back to the mcas, the system that was involved in the fatal crashes of ethiopian airline and the lyon air crash. this goes back to a problem in the software that was original to the aircraft. they may have to change out the chip in 500 of the 737 max jets that have already been delivered. so again, this is just mounting problems that we're seeing in

this jet. there are questions about whether or not it will ever fly again. we saw that lawsuit by 400 global 737 max pilots, claiming, first of all lost wages. they don't know if they ever get back into the skies. for inherent danger they say boeing put them in, knowing there was problems with the software system. stuart: that company could never allow the max jet not to fly again. they could not do that. >> from economical perspective and -- ashley: all their eggs are in that wasket. stuart: they're all in that that was. they could not withdraw it completely. they have to find a fix at some cost. i would imagine that. susan: jets have safety concerns continue to fly in the skies decades afterwards. for instance the mcdonnell douglas dc-10. that was the same case for them as well. stuart: stock taking a hit, down to 367, 366 now.

$8 lower. that is a dow stock. that is hurting the dow industrials. that is taken 70 point off the dow industrials. we have yet another florida town that shelled out half million dollars to attacks after ransomware attack. ashley: half million just now, added to money already paid out, up to 1.1 million. this bugs gets into the system. shuts it all down. locked out of emails. shuts down the payment system to the city services. the council there voted to just pay the ransom and get their system back. so it is a 1.1 million now. most of that by the way covered by insurance. 10,000 though will be billed to taxpayers. just the other week, another community, riviera beach, a coastal suburb, paid 600,000 to hackers to get their computer system back. just, look at cities been affected.

baltimore, atlanta, california, north carolina, ohio, among other places. the bottom line is, they can't get their computers back. so they are dolling up the money. in recent years hospitals have been hacked and, i'm not quite sure what the solution is here, because it is almost impossible to track down who is behind it. stuart: the ransom is paid in bitcoin. ashley: yes. 42 bitcoin was for lake city, florida. susan: goes back to why people buy bitcoin. it is not traceable. independent of any government or policy. stuart: right. susan: if you want something libertarian or free this is it. ashley: a town in alaska got hit, they reverted to using typewriters. without computers. paper and pencil. stuart: big deal. get hit like that? lord. another story for you on facebook. mark zuckerberg says the company is evaluating how it should handle deep fake videos. susan: he was asked about this at the asidea videos, about

nancy pelosi, viral doctored video basically went around the world. wasn't taken down quick enough. even nancy pelosi house speaker, criticized facebook, saying you should have taken it down earlier. mark zuckerberg said it was execution mistake, they should have taken it down earlier. he put the onus back on government. he doesn't think deep fakes, this is different from traditional misinformation. they are not the same. how do you define what is censorship, what content to you leave on social media site itself. the onus back on the government. you define what hate speech, this misinformation is. stuart: what have we got here? okay. i want to give you the breaking news on the supreme court and the census question. hold on a second. i got this. there has been a decision by the supreme court on census question. it is complicated, bottom line

is this, they sent it back to a lower court, they asked for more information, a greater explanation, from the department of justice. ashley: yeah. stuart: i don't know how to describe that in any other way but it is not a clean-cut decision as to whether that question is in or out of the census. going back to a lower court, they want more information. that is a complicated situation. is hillary vaughn with us? reporter: yes. stuart: i didn't realize you were waiting for me. it seems to be complicated. but the bottom line which don't know at this point whether the question is in or out of the census, is that accurate? reporter: that is exactly right. i do want to point out in the closing part of the opinion from justice thomas he did say the secretary's decision to reinstate a citizenship question on the 2020 census was legally sound and reasoned exercise of its broad discretion, but that does not mean they are saying go ahead and put it, include it in

the 2020 census. what this means now, they're tossing is back down. they want more information. part of the issue here is a lot of arguments made from the opposition that did not want this citizenship question included was they said that there are political motives behind including this. according to what it says in this opinion, it says they need to get more information to ultimately decide whether or not that is the case. i'm reading a portion of this. it says, that there is a mismatch between the secretary's decision and the rationale he provided to include the citizenship question. of course opponents of this have argued that by restricting the number of people that are essentially counted up in the census, you are alienating a lot of immigrant communities, a lot of latino populations. the reason why that is important because the census decides, how much $600 billion in federal fund are allocated across the country. so the argument here, the fewer people counted in these

community means they get less federal fund but they also get less representation with congressional districts. so there is no clear-cut answer here but i do think it is interesting that they did say that commerce secretary wilbur ross does have the legal right to include the citizenship question but they are refraining from doing that, but they need to essentially answer the open questions of what are the political motives behind this? because they said it could be a slippery slope if you do allow executives to make these actions that do have political motives behind it. it is important for the court to figure out what that is. no clear-cut answer here today. the future of the citizenship question is still up in the air. stuart. stuart: well-explained, hillary. thank you very much indeed. we have alan dershowitz on the phone? alan, i am sorry. i didn't realize you were on the phone. is this a win or loss for the trump administration, sir? >> first of all the

gerrymandering decision is 100 times more important than the census decision. the gerrymandering decision is a big loss for democrats and a big gain for republicans. the supreme court said 5-4 they will not interfere with partisan political gerrymandering. that is the headline of the day. the second decision may very well mean that the census question doesn't appear in the 2020 census. there may not be enough time. the department says they needed the answer by july 1st. they will not have the answer by july 1st, because the case has been remanded back to the trial court. and i suspect the trial court will have to take considerable evidence. since the case was argued, evidence has emerged that suggests that the reason that was given for putting the census information on in order to help voting right was not the real reason. was that the real reason was to discourage people of latina

background from answering the census question. that is speculative to be sure. i would not say this was a victory for the trump administration. i think the gerrymandering decision was a major victory for republicans over democrats. i think a loss for the non-partisan image of the supreme court. when you get a five-4 decision by five republican appointed justices helping the republican party and four dissent by democrats, that doesn't help to show non-partisan supreme court. stuart: professor, we value your opinion on the constitution and the supreme court. so let me ask you, do you think that a question on citizenship should be on the 2020 census? >> i do not. i think that. 24 there is a risk that it could deter people. it is important question in terms of voting rights. i think that the district court hearings will show a very

partisan, political motive behind this. i think what's happening is they're splitting the decision a little bit. the big decision goes to republicans today. big decision, non-partisanship, booted back supreme court is probably too late for including this question, on the 2020 census. stuart: professor dershowitz, thanks for coming on the show at the very last second there. we really do appreciate your expertise. >> thank you. stuart: come on in, please, jamil jeffer, former law clerk for neil gorsuch, assistant professor at georgia state university. we heard from professor dershowitz, terrible, look, gerrymandering decision is a win for republicans and a loss for democrats and the decision on the census question means that the question will not be on the

2020 census because there isn't time to get it on the thing. would you agree with both those opinions from professor dershowitz? >> i would completely disagree with professor dershowitz on the first question and i agree on the second. on the first question, this is not about republicans and democrats who gets the win here. it is about the law. the question here in this case was, can the supreme court have judiciary manageable standards whether partisan gerrymander something gone too far or appropriate? what the court decided we don't have good methods for judges to make the decisions. politicians and voters make the decision whether partisan gerrymandering go too far. in various states they changed law, redistricting commissions. this idea professor dershowitz this is win for republicans and democrats, this is goes at heart of the what is wrong with the supreme court. this is about the law and lawlessness. that was a law appropriately scope decision, folks on the

constitution, focus on constitutional role of judges. stuart: as a practical matter, the question on the census, the question about citizenship will not be on the census because there isn't time to get it on, because the supreme court pushed it back to a lower court. so that question is not going to appear on the census, is isn't. >> i think that is likely right, stuart. that is a real problem, because what is odd about the decision by supreme court they said the secretary has a right to include a citizenship question. his rationale he gave was a valid rationale. when however they looked at it maybe the secretary was not telling the truth. they looked behind his stated decision. so there might be some pretext here. this is the first time ever justice thomas points out in dissent with justice gorsuch and kavanaugh, this is the first time ever the supreme court said pre-text is basis for sending something back we won't accept otherwise valid decision. that is shocking grab of

judicial power by majority. it will likely result in the question not being on the census. a question has been on in some form or another in 200 years. stuart: am i right in saying justice thomas did say there is legal base to put that question in the census? he did say that correct? >> he did. majority agrees. that is shocking about the decision. is that the court unanimously agrees that it is okay to put citizenship question on. the secretary had a valid rationale. the only question should you look behind the valid rationale, maybe something in his heart of hearts is different. what the court said they need to do, sent it back for evidence on that question. stuart: one real fast question. are we expecting any other major decisions to come down today or have we exhausted all of them? >> these are the big ones people focused on. this is done for the term. supreme court goes off for summer recess. stuart: i believe two smaller level decisions still to come. okay. thank you very much for joining us this morning. short notice.

always appreciated. thank you very much. >> thank you, stuart. stuart: now this, yesterday president trump addressed the faith and freedom coalition. with him was a cancer survivor who praised him for passing the right to try experimental drug law. she said it saved her life. that lady on our show next. ♪ truecar is great for finding new cars.

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stuart: a young woman who has been battling stage two cancer for most of her life said the right to try law has been helping her in her battle and she praised president trump. watch this. >> because of right right to tra medicine that wouldn't have been approved for years but it was very, very, it is looking good. it was looking very good. now it is looking a lot better, natalie, i have to tell you. i don't know what that was, but that sucker worked. >> my good samaritan, president donald j. trump! he saw me there and he didn't walk by. he stopped and for every single one of us, he gave up his own

quality of life, so we could live and work and fight with dignity. stuart: all right. put her on the screen now. natalie harp is with us. natalie, that was powerful stuff. we thank you very much for being on the show today. >> thank you, stuart. stuart: can you just go through how the right to try law helped you specifically. >> yes. absolutely. well i was a victim of medical error several years ago and it's a miracle that i didn't join the 250,000 americans that die he have year under the obama administration from that medical errors. instead of joined the 40 times that number that actually are survivors of medical error. but i developed stage 2 cancer. when i started going through treatments i failed two different chemotherapies on the market. and i was told by my doctors, you know what, you will have to wait. they sent me a pain clinic, informed me of my rights how to die. gave me access to opioids,

medical irmarijuana barbiturates. i don't want to wait. i want to get better now. president trump signed the right to try. that gave fighters like me to fight for our lives on experimental treatments and actually get back the quality of life. stuart: you got an experimental treatment because of right to try, you got it? >> yes. i mean president trump is empowering pairs like no other president has ever done before. it was so great to be there, yesterday. stuart: i can tell. >> people of faith know, president trump especially we're not defined by disabilities but rather god-given abilities. stuart: i have a short time left. what is the status now. you took the drug, what is your status now. >> i'm still fighting cancer but not dying from it anymore. stuart, that is really a miracle. the odds were definitely against me but president trump showed me, you know what? you don't have to listen to the odds. you can fight them and beat them. thanks to him i'm here and living healthy life, back how i was before cancer, pretty much. stuart: natalie, you are just great, with energy like that,

i'm glad you're on the show. great to see you yesterday with the president. >> thank you so much, stuart. i appreciate it. stuart: come see us again soon. thank you very much. >> thank you, stuart. stuart: more "varney" after this, promise. that move us forward. every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of life and investing are greater when we come together. ♪ who used expedia to book the vacation rental that led to the ride ♪ which took them to the place where they discovered that sometimes a little down time

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stuart: my apologies. senator sanders, you have really got this wrong. he has written an editorial in today's "wall street journal." i guess he wants to appeal directly to capitalists. he says president trump is the worst kind of socialist, that he's a corporate socialist who uses the power of government and the money of taxpayers to enrich himself and the rest of the billionaire class, as he puts it. even in print, his venom and plain nastiness comes through, doesn't it? let's take a look at some of the claims that he makes. okay. he says wall street was bailed out in the crash with $700 billion from the treasury and trillions from the federal reserve. he's angry about that. but what he fails to point out

is that the banks repaid all the money with interest. nor does he admit that the $800 billion stimulus program was a waste and we've got very little to show for all that money. he claims the fossil fuel industry is destroying the planet, helped by billions in government subsidies and that's wrong. exxon doesn't get checks from the government. it pays billions in tax. he rails against high electric bills but fails to point out that it's green energy mandates that hurt consumers the most. drug companies, he says, make huge profits on medicines that were developed with taxpayer funded research. that's a little off. the companies themselves shell out big-time and you need profit for future development. he hates amazon which he calls a monopoly. he hates walmart which he says pays starvation wages. he wants to end it all, bring in socialism, the right to health care, the right to a living

wage, a decent job, a quality education, a secure retirement, affordable housing and a clean environment. cancel student debt, bring on the green new deal. unfortunately, nowhere in his op-ed is there a single word about paying for it all. i can't resist it. at the wonderful margaret thatcher said, the trouble with socialism, sooner or later you run out of other people's money. the third hour of "varney & company" is about to begin. stuart: 11:02 in new york city. i will get reaction to my editorial in a moment. first, check the big board. it's got kind of a go-nowhere thursday. i think everybody is waiting for the trade deal, actually, if there is one. we are down 20 points on the dow industrials and that's where we have been for awhile. look at boeing. that is a dow stock. that's a real drag on the dow. takes about 70 or 80 points off

it. they found another issue with the max jet. this is separate from the faulty sensor that caused a global grounding. boeing says they are working on a fix. the stock down another 2.5%, $9 lower. back to my editorial. bernie sanders calling president trump the worst kind of socialist in a new op-ed in the "wall street journal." look who's here. the man himself, i think presidential medal of freedom, i think, you got just a couple weeks ago. congratulations, young man. >> thank you very much, stuart. stuart: why don't you poke a few holes in this president trump is a corporate socialist or whatever bernie says. go ahead. have at it. >> i thought your monologue was great. i thought it was right on the point. in fact, much better than i could have produced. i'm not going to poke any holes in what you say. the one thing i would like to say, though, is that not only did the bailouts and all that stuff that was done during 2008 great recession, they caused the great recession.

they made it longer and worse than it ever would have been, just like the great depression. whenever we have had financial conflicts before, crises before, and the government didn't get involved, they were over quickly because things cleared out and changed ownership and everything went but as i wrote in the "wall street journal" back then, the big mistake was government intervention and the bailout stuff and all of the stimulus spending. that really caused it. government spending is taxation, stuart. that is the real cause. stuart: i remember you telling us not too long ago that back in the '90s you voted for bill clinton. i put it to you that the party today is radically different from the party that you voted for in the '90s. right? >> totally true. bill clinton was a great president, honestly. i voted for him twice. the only reason i didn't vote for him more is i'm not a democrat. he did a great job. he got rid of the retirement test on social security. he cut government spending as a

share of gdp by almost four percentage points. he got rid of all these other regulations, restrictions and requirements that were just wonderful. he cut the capital gains tax rate to zero on owner occupied homes. he was great. now, you have to also say for sure that it was his partnership with newt gingrich that really did that, so it's the two of them together as a team, but what a team it was and it led to a beautiful, wonderful economy. i just wish any democrat were half as good as clinton was. there's not one of them up there that's worth anything. stuart: ah, the good old clinton days. okay. next case. the president -- >> they were great, weren't they? stuart: okay. okay. the president has arrived in japan. he's going to meet with xi jinping, a summit on saturday. of course they are going to be talking trade. that's the big deal. you think this is going to end, i just want to know what happens on the stock market on monday morning if, on saturday after the meeting, we get just a handshake and a smile?

is that enough to put the market up monday morning? what do you think? >> well, we have been going through these bobbles and wiggles throughout this whole process of negotiation between the u.s. and china but let me just say, i believe there's going to be a chinese deal. i made a dollar bet with bob woodward it would be within six months. i made another dollar bet with him it would be within 12 months. both of us thought it through very carefully. when that deal happens, i believe you are going to get a 4,000 to 6,000 point on the dow. it will be the biggest thing going forward because there's nothing that will create prosperity in the u.s. and china for a great deal that benefits both countries. we need china desperately and boy, they need us desperately. a good trade deal will cause enormous expansion in the u.s. economy and in the stock market. stuart: why can't you be a guest every day. art laffer, thank you very much indeed. good stuff. you know, the house and the senate both passed different

border aid packages. they haven't got an agreement yet. congress is going to leave washington tomorrow for the july 4th recess. senator shelley moore capito joins us now. madam senator, are you going to stay and get this done no matter what? >> i think we should stay and get this done. we have a huge humanitarian crisis. the senate passed a broadly accepted bipartisan bill, over 80 votes, last night and the house continues to keep pushing more partisan bills that just are nonstarters in the senate. we could wrap this up by today if we could just have common sense. stuart: i know we should. i know we need to. we made that case many times on the show. but we've had senator scott on the show this morning and senator barrasso yesterday. both of them said they ain't leaving until they've got this done on the border. will you make that commitment? >> oh, absolutely i will make that commitment. i'm not going to leave until we meet the demands of this

humanitarian crisis. the president has asked us to move forward with the senate bill. hopefully we can work that out today. we won't leave before we do this. stuart: it was pretty crazy at the debate last night when we had some of the candidates say open the borders, get rid of any border control. i found that incredible with what's going on right now. >> incredible. what kind of signal does that send to countries and to people south of the border particularly or anywhere in the world, where we're just going to open our borders and you know, not have any detention, not have legal ramifications of entering as illegal. it's just mind-boggling. open borders is a nonstarter with the american public and obviously they are not listening. stuart: i'm sure you were hoping they stick with that open borders line all the way through until november 2020. i think it's a winner for you. >> it's a winner. i think people respect the law. people respect fairness. people also understand from a humanitarian aspect if you're

having political issues or are in danger, seeking asylum, but the way they're approaching it, it is way over the top and you're right, it's a good political issue because the american public believe in following the law. stuart: i think so. senator shelley moore capito, west virginia republican, thanks very much for being with us this morning. appreciate it. >> thank you. stuart: mortgage rates, down again. the 30-year fixed, 3.73%. 3.73. that's historically pretty low. more and more people rent -- lot of people who rent say they will never buy. ashley: yeah. stuart: why? i don't get that. we are on the story. we will probe, shall we say. disney's "star wars" theme park just open to the public but they are having problems with theft. ouch. we will tell you what's going on. few interesting moments from the debate last night. three of the democrats started to speak spanish to the crowd. does that play well with latino

voters? we will find out. ♪

stuart: the market is dead flat, ever so slightly lower. the dow is off nine points. modest gain for the nasdaq, but the dow is down a fraction. price of oil, $59 per barrel. price of gasoline, average at the pump nationwide, $2.69. for four straight days, we have gone up and we could go up some more because if they close down that philly refinery for good, you watch gas prices go up more. we shall see. next, should have seen this coming. tourism to the dominican republic taking a big hit after 11 deaths in just a few months. tell us how big the hit is. ashley: bookings -- let me just

give you the numbers. 74.3% drop for bookings in july and august. the number of cancellations between june 1st and june 19th was terrible p.r. for the country indeed. cancellations up 51%. on the other side of it, where are people going if they cancel their trip, if they are able to cancel their trip. they are going to jamaica, to aruba and the bahamas, all of which have seen a nice increase in tourism. people just deciding not to go to the dominican republic. although we saw some earlier today who were at the airport talking to jeff flock saying look, i have paid it, it's nonrefundable, i'm going to take my own booze, i'm going. stuart: what's wrong with fort lauderdale or miami or miami beach or jupiter? ashley: it's up to where people want to go. stuart: okay. okay. stay in the united states. wonderful place. travel websites, pull them up, why not. trip adviser up, they take a

piece out of my hotel business. let's not get nasty. back to last night's debate. the 2020 democrats taking a hard line, far left stance certainly on the border issue. some want it completely open. sounds to me like they're trying to court the hispanic vote, maybe. some of them spoke spanish on the stage last night. watch this. [ speaking in spanish ] stuart: daniel garza is with us, the man on the right-hand side of the screen. frequent and great guest on the show. daniel, do you think that speaking spanish in a debate will win over spanish voters? hispanic voters? >> only -- it depends on what you say in spanish. both candidates actually dodged the question they were asked to speak platitudes in spanish. look, you are able to throw out

a couple words in spanish but it's a little bit of style over substance. stuart: you think it's now a requirement of a democrat presidential candidate that they speak a little spanish? >> i don't think so. jeb bush, marco rubio, even ted cruz spoke spanish in their primaries and didn't do too well. stuart: let me be blunt about it. is it pandering to the hispanic vote to speak in spanish? >> i'm losing you. stuart: i'm going to ask the question again. i'm going to be blunt again. is it pandering to the hispanic vote to speak in spanish? >> so you know, i think it connects. i think it's a way, it's a strategy, it's a tactic that someone can use to make that connection and in a very real way, i think it also -- people appreciate that you're trying. but at the same time, it is more about substance. what are the policies that are going to unleash opportunity, create jobs. what are you doing actually to

strengthen our health care system in the private sector. and what are you doing to preserve free speech and individual liberty. that's what matters to latinos, not so much that -- stuart: well, does open borders, if you have an open border policy, does that appeal to hispanics? >> that's exactly right. it is exactly about the policies. that was my concern. even like on immigration, the whole time they were talking about these promises they were going to make on executive actions on immigration, but nobody ever talked about what they were going to do to reach out to the other side, to the other party, to reach a consensus. that's what it takes. it's not so much the promises you're making. remember, a president can only execute law. he doesn't make law. congress does. you have to work with congress to make sure that's what's happening. that's what latinos want to know. what are you doing to actually show a bipartisan spirit on immigration. stuart: in the 2016 election, president trump got 28% of the

hispanic vote. that's according to the figures we have seen. do you think he will get more or less than that percentage in 2020? >> it's interesting, i really think he is better positioned now with the latino community for a lot of reasons. he has an amazing amount of resources this time. i think he's better prepared. he has more time to launch his campaign. at the same time he now has a governing record and it's been, of course, the booming economy has really enthused latinos. there's a lot of energy in the trump campaign. so he's a formidable force that democrats have to consider and you know, from what i have seen last night, i don't think we are seeing the kind of candidate that can take on what the president's campaign has to offer at this point. he's far and away ahead of everybody. i think latinos are going to respond. now, things change, of course, in the course of a campaign and latinos change with it. it remains to be seen how well he does. stuart: daniel garza, thanks for joining us. see you again soon. it's not over yet, folks.

ten more democrat candidates face off tonight, round two. bernie, biden, harris, mayor pete, all on stage. we will get a preview from bret baier, the great moderator, live from miami shortly. nasa says yeah, they discovered an asteroid with a massive amount of gold and other precious metals. get this. if they can figure out how to mine this thing, it could be worth hundreds of quadrillions of dollars. that's a thousand trillion. if they can get it. we'll be back.

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stuart: we have been talking about disney's new "star wars" theme park. it is so popular, but guests are stealing stuff from it and selling them on ebay. things like restaurant menus, drink coasters, sporks going for as much as $40 each. stealing the stuff. if actual space is more your

thing, look at this. buzz aldrin's flight manual may sell for $9 million at auction. it will be shown in museums across the country until july 18th. that's the 50th anniversary of the mission, where it will be sold. it's sold to the highest bidder. maybe $9 million worth. nasa's discovered an asteroid, well, okay, who cares? well, listen to this, this thing is practically made of gold. right from the get-go, how much is it worth. liz: it's worth about $12,000quadrillion. so this has iron, gold, platinum. you can imagine many countries around the world want their hands on it. it's out by mars and jupiter. your producer was saying it could help pay for bernie sanders' medicare for all. ashley: green new deal. liz: this is the holy grail of

space exploration. gold mining. there's a uk company called asteroid mining company, they want to get their hands on it. lot of people want to get their hands on this thing. stuart: if you did get your hands on all that gold, it would crash the price of gold. who would want it? liz: it would mean $1 trillion per person for everybody on this planet if you got your hands on this. ashley: have to get this thing. stuart: i assume we're not going to get this to earth any time soon. okay. first politicians on the left said there was no crisis at the border. they are changing their tune a little. they say it is a crisis. of course, they blame it on president trump. more on that in a moment. facebook's libra digital currency, very cool idea but if you use it, could give facebook a lot more access to your very private personal financial information, who your friends are, what you spend your money on. can we trust big tech with that data? we will get into that, too, after this. ♪

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stuart: a little slippage for stock prices. 26,485. to the border.

remember when the democrats and mainstream media claimed there was no crisis down there? maybe this will jog their memory. your memory. roll tape. >> you can't see through these slats to the other side of the u.s./mexico border but as we're walking along here, we're not seeing any kind of imminent danger. >> this border emergency is nothing more than a manufactured crisis. >> president trump must stop holding the american people hostage, must stop manufacturing a crisis. >> the big scam of the whole address is that there's a crisis. there's not a crisis. stuart: okay. it was a fake manufactured crisis but then a switch was flipped and all of a sudden, the crisis was real and, wait for it, it's trump's fault. roll tape. >> this president just used the backdrop of the oval office to manufacture a crisis, stoke fear and divert attention from the turmoil in his administration. stuart: i'm trying to get our guest not to laugh.

tommi laren is with us, author of "never play dead" that comes out july 2nd. that's pretty soon. okay, speculate for me. what made the democrats change their mind? >> again, they don't seem to care about americans and they don't seem to care about american cities being overrun but as soon as it starts to impact illegal immigrants, that's when they consider it a crisis. but it's a crisis that is not manufactured but it is created in large part by the democrats who continue to issue incentives for people to come to this country illegally to make that journey which is very dangerous and now they care. it's their fault. stuart: last night, julian castro went right out there and said decriminalize border crossing. in other words, there's no sanction of any kind, no inspection, not even a ticket fortre trespassing. i can't believe they will go to the country with that as their policy. >> they would say we are for open borders, it wouldn't be

palatable to most americans but they couch it in this decriminalize, pathway to citizenship, they use all the buzz words but won't say we want open borders. what i wish they would have asked them last night is we have 11 to 22 million illegal immigrants in this country now and surveys show there are about 160 million adults that want to come to this country. how many more can we take. with all these fancy entitlement programs they talked about last night, how are we going to fund those for 11 to 22 million and then the other 160 million people they want to let in. stuart: do you know that last night, none of the moderators asked a single question to any of the candidates, how you going to pay for all of this, whether it's free college or free health care or free money or green new deal, whatever. there was not a single question how do you pay for it. >> because they always pass it off on to somebody else. it's the government is going to pay for it. the companies are going to pay for it. corporate america is going to pay for it. tax on the rich, they are going to pay for it. they like to transfer all the burden on to these faceless, nameless things and what people don't realize is that first of

all, the government is the taxpayer and these corporations and companies they are demonizing, they are hiring people. they are hiring americans. so do you want them to go broke? do you want them to not have a dollar? it seems to be what especially elizabeth warren wanted last night. stuart: what was your reaction when you watched last night, when you were looking at the policy proposals and all that they were saying, what was your first reaction? >> a lot of free things like you said and not a way to pay for them. but again -- stuart: i'm thinking you might have said wait a minute, they're not viable candidates. none of these people can beat president trump. that's what i thought. >> before last night i already knew that to be true. last night just confirmed it. i think the pandering olympics is also pretty fun. one of them broke out in spanish, then the rest had to break out in spanish. the ones that didn't speak spanish, you could see them getting very nervous and tense because they now have to learn spanish very quickly for the next debate. whoever is coming up tonight, they better learn spanish. stuart: they will all attack joe

biden tonight. >> they will have to. here's the thing about joe biden. he's running on the economy. he's always been a man for the working man, the unions. how do you run on that when president donald trump is doing so great for the working man, the forgotten americans and the economy. how do you run on that. you run on your record by being barack obama's sidekick. that's it. stuart: it's a problem. how do you campaign against prosperity. how do you say i'm going to kill this prosperity no matter what. how do you do that? >> he already says he wants to get rid of the tax cuts but everything i think we will see from joe biden tonight, he will try to appear to be the moderate and they will eat him up for it. stuart: you know, i think you are just having too much fun. i really do. you are just enjoying yourself and everybody else at my expense. >> i didn't think anything would be more fun than the 2016 election. i think the 2020 election will be even more fun, especially for us trump supporters. stuart: this lady right here on the fox nation, two shows, first thoughts and no interruption. i got a show, too.

called my take. did you know that? >> i did. fox nation friend over here. love it. stuart: thanks very much. great stuff. appreciate it. i want to get back to the president's interview yesterday on "mornings with maria." he pulled no punches when asked about big tech's bias against republicans. roll tape. >> these people are all democrats. it's totally biased toward democrats. if i announce tomorrow that i'm going to become a nice liberal democrat, i would pick up five times more -- i was picking up 100,000 followers every few days. and all of a sudden, and i'm much hotter now than i was a number of months ago, okay. a number of months ago. then all of a sudden it stopped. stuart: all of a sudden it stopped. matthew taylor is with us, director of the creepy line. that's a movie about the power of big tech and their intrusion into our everyday lives. matthew, obvious question, do you agree with the president on

bias against republicans? >> look, for the longest time, i wanted to say hey, like maybe these companies are going to be fair with some facts but it seems that as they execute these people online, they knock out people's accounts, youtube takes people down, even reddit just banned the entire trump group, they are biased towards republicans. stuart: reddit said -- >> yeah, there was a large group of 700 -- i believe 750,000 people and they basically stopped them from being able to communicate. so we are seeing this whether it's the james o'keefe video taken down from youtube for some, you know, obscure reason. look, if it's about privacy or i.p., you have to take all of youtube down because it's all material that's been put on youtube that they don't own. stuart: like you, i've got a real problem with a small group of multi billionaires deciding what i can see and read and say on these platforms.

liz: they always blame it on the algorithms when they can rejigger the algorithm, right? stuart: get real. i want to ask you about the facebook. they are going to introduce the libra currency, a crypto, and they are going to put it on their platform, 2.5 billion people. why does that worry you? >> look, i think that monetary policy and money is about trust. facebook is currently the most untrustworthy company probably ever. the thing is that the decentralization of crypto currency and all these things is what's supposed to make it trustworthy. of course it's volatile because it's not pinned to anything. they have rejiggered the system to the point where some people debate it may not even be a crypto currency. it is pinned to some assets controlled by facebook. it's on a ledger that is built by facebook. it's shared among right now their 27 partners. so if a company can see your bank transactions and get your data and credit score, they can sit there and offer you a

different price than me. right now, that's firewalled. right now they have to guess like any other business. i think it gives facebook an incredible amount of power. there are 350 million users of the dollar versus 2.7 billion users of libra. in concept, it's neat. stuart: are you worried about the financial information which you would have in the libra? do you trust -- you obviously don't trust facebook. >> no. i don't trust facebook to do anything at all. i don't trust them to send a message. look at whatsapp. they want to put ads in what whatsapp. that's not encrypted. that's the whole reason to use that platform. it's a security issue and the fact of the matter is that again, if they unify the money, of course everybody, google, amazon, apple will want to do their own crypto currencies and then you will have a complete monopoly among all these tiny, tiny companies over all the money in the world. think of africa. everybody uses cell phones to do

banking. if you take your money, convert it into libra, libra goes into the system, facebook has control over all those users and what can a central bank do? what can the government do? stuart: we really should talk to more movie directors like you. you spelled it out. i understand it. the creepy line. a movie directed by matthew taylor. thank you. let's take a look at amazon. generally down day but i think the stock is probably up. it's usually up. 1901. their prime day becoming prime days, plural, this year, july 15th and 16th. they are offering a million deals and that's pushing other companies to follow suit. liz: cultural sensation now. target, ebay, walmart. this is like black friday in july. where you spend a lot of money buying things you don't need basically like a shoehorn. did you know amazon has for sale five $2 for $12.99 at one point?

anyway, so target is doing it. target is at the same time, july 15th and 16th. walmart is really trying to beat amazon. theirs starts a day earlier and lasts a day longer. then he got ebay. stuart: black friday in the middle of summer, that's what it is. bigger, too. got it. thanks. more on the big debate that comes up tonight. i want to know how -- actually referring to last night, how did the moderators do? did they do enough to challenge the candidates? we have the perfect guest to answer those questions. the supreme moderator, bret baier. he's next. ♪ hey, who are you? oh, hey jeff, i'm a car thief... what?!

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stuart: we have the first round

of the democrat debates last night. nbc was rather plagued by some technical issues. i thought the moderators were frankly lackluster. that's quite a comment for me to make. why don't we bring in probably the best moderator on the planet at this moment, his name is bret baier. he's the host of "special report." he's doing his best not to respond to my comment about him being the best moderator on the planet. but look, i know you are a diplomat. i know this. i would have asked at least one question about who's going to pay for all this free stuff. i would have challenged a little bit more. would you? >> yeah, i think i would have done the same. i think there were a couple of efforts along those lines. savannah guthrie tried a couple times. she redirected, so i give her credit. other moderators attempted to get answers. the biggest thing about asking debate questions is trying to get it to where the candidate doesn't have an off-ramp, that

he or she actually has to answer the question you actually asked. it takes a lot of honing down and kind of whittling down to a pointed question, then following up if you don't get an answer. so i agree, there could have been more pointed questions, maybe there will be tonight. we'll see. stuart: my impression watching the whole thing was that the party's moving almost in lockstep leftward which sets up tonight because i don't think joe biden wants to move that far left. so he may be on the defense tonight and under sharp attack. what do you think? >> i think so. i will say that he won the night last night. we received a pre-e-mail from the biden folks saying all of these rebuttals to attacks they thought were coming, literally listed all of these attacks that they thought were coming on the stage last night. not one of them did. he wasn't mentioned once last night. now, i think he may come under

fire tonight. i do think that john delaney had a big moment in pushing back against bill de blasio on free health care, medicare for all. but it's a narrow lane in the democratic party, that centrist side. biden, delaney, klobuchar, maybe, and michael bennet from colorado. stuart: tonight you have some of the principal challengers to joe biden. biden himself, bernie sanders, kamala harris, mayor pete. they're in the mix tonight. they're the front-runners. aren't they going to try to say something that makes them stand out, something very controversial so that they are noticed? that's what they're looking for, right? >> yes, 100%. the viral moment is what they're looking for so that they can play it again and again and again. i think you are going to hear more about president trump tonight. they kind of laid off him last night, only about 19 minutes of

the two hours dealt specifically with president trump. i would venture a guess that he gets mentioned a lot more. as for nbc, the place is beautiful, the set is beautiful, the sound that was tough. i felt for them. tough, live tv happens. i would point out it hasn't happened in the late eight primary debates that we've done but it does happen. stuart: you know, you should try doing a single anchor, live, three-hour show like "varney & company" because things go wrong all the time. >> roll with the punches. stuart: my feeling is just smile, no matter what. you smile your way through. i try not to lose my temper. i try to smile. i emulate you, bret baier. i do. >> there you go. that's good. that's all you got to do. stuart: the interview is over. i know you will be watching tonight. so will i. we hope to see you again soon. bret baier. thank you. where is the big board taking us? stock prices down but not much. the dow is down 30 odd points.

i think the nasdaq, the nasdaq is up 31. nice gain for tech stocks this morning. oil is at $59 a barrel and gold is up, too. okay. new survey from freddie mac. only one quarter of renters say they are extremely likely ever to buy a home. only a quarter say. that's a big drop from last year. why? with mortgage rates at historic lows, why aren't more people getting to home buying? we will deal with that question after this. ♪ is where people first gathered to form the stock exchangeee, which brought people together to invest in all the things that move us forward. every day, invesco combines ideas with technology, data with inspiration, investors with solutions.

because the possibilities of life and investing are greater when we come together. ♪

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stuart: let me see the home builders. most of them are higher there. maybe that's because we've got mortgage rates taking a bit of a tumble this week. we are down to, what, 3.73% i think it is. that's a historically low level, i've got to say. let's bring in our real estate guy, one of our real estate guys. noble black from douglas elliman. welcome back to the program. you are aware of this survey that says only a quarter of renters have a firm intention to really buy a home at some point in their life. it's a very low number. why? >> it is.

look, a quarter of them said they would like to sometime soon. the issue is affordability and it's a matter of getting the down payment together. stuart: they say they are not likely ever to buy a house. 25% of renters. not likely ever. >> yeah. the problem with that is if you look at some of the cities, i think san francisco, it would take basically 15 years to get the down payment together. if you look at the median income and if they are contributing 5% of their income towards a down payment. the moral of that story is if you don't have help it's hard to get the down payment together with the closing costs and all that. stuart: you are allowed to get help, aren't you? you can get a loan from mom and dad. you can do that. >> if you have a mom and dad that have the money. stuart: 30 years ago, you couldn't. the bank wanted to know where did you get that down payment from. they wouldn't let you just take it from mom and dad. >> i unfortunately wasn't in the business 30 years ago. now you can. look, it's a matter of people need help or need like some great job and unfortunately, there's a lot of people that would love to be buying. i would love to be selling a lot more than what we sell but a lot of people don't have the

resources to take that first step. stuart: do you think there's a cultural shift? i mean, not that -- look, you are a very high end real estate guy. most of the people you deal with pay $10 million in cash. i know that's true. don't even address that. do you think there is a cultural shift going on here with younger people not wanting to own? >> there's some of that, i think. i think the idea of the american dream that everyone has to have a home is probably a little less the case than it was 20 years ago. but i really don't think it's that so much as student debt has played a bigger role, right. affordability in terms of the places where the jobs are, if you look at the coastal cities, there's a lot more jobs created, there's not been as much housing created there so affordability has become harder for those people. and if you look at some of the responses that government has in place, they are actually exacerbating some of the problems, i think. i think there are legitimate problems, but we have got to be very careful about how to address it and that's leaving a lot of those kids, you know, people in their 20s and 30s feeling like it's never going to be an option for them. stuart: i was kind of making fun

of your business and i shouldn't do that. >> i wish i had the business you think i do. stuart: you do have some of the business. i mean, you do deal with a lot of people at the very high end stuff. you don't buy a $10 million home on a mortgage, do you? you pay cash. >> you don't take the mortgage because you have to. a lot of people right now, rates being so low are taking mortgages just because they have better options for the money. but to your point, no one is worried about getting financing if they are paying $10 million or $30 million. stuart: do you deal with people like that? >> i fortunately do, yeah. it's very fun. stuart: do they come to you and say i've got $10 million, i would like a nice place in new york city, show me? >> sometimes, yeah. then sometimes it's i want a nice place in new york city and talk about the budget and the budget's not so much of a concern. certainly not the way i was brought up or live but it's fun to be around. stuart: is it tech money? >> some of it is, yeah. most of it is not. stuart: foreign money? >> some of it is. look, there's a lot of, the thing that's interesting about new york especially which is what i do, a lot of friends in l.a. are the same, but there is

so much money here, so many people that have so much money that you would never know about. that's just kind of old family money or some business that was family owned in minnesota and they are under the radar and they just got a lot of money. if you have a lot of money, it tends to be that you want a place in new york. stuart: i like the way you say it. a lot of money. >> i think it was aspiration. no, new york is the place people want to be and there's a lot of people that feel new york is always going to be a great investment. stuart: it's a great city, just badly run, but that's my opinion. noble, thanks very much. >> thanks for having me. stuart: more "varney," where are you? which one you want to -- okay. more "varney" after this.

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she insists she has something interesting and funny to say. make me laugh. >> i don't insist. i'm watching the moderators not asking will you pay for all the big government plans. then i saw, the reason why all the politicians try so hard to get reelected? they don't want to make a living under the laws that they pass. that is why they're always saying we'll run again and run again. nancy pelosi has been around since the reagan era. chuck schumer has been around since i think george hw. biden has been around since the nixon era. i want moderators to say, how are you going to pay for it? >> i know how they will pay for it. asteroid made of gold. that is the story we were doing. that is how it will be paid for. stuart: by the way i was around for the truman administration. >> lincoln administration? stuart: i'm a truman baby. and you're not. i'm not going to ask you a thing. [laughter].

jfk? >> yes. stuart: you are i think eisenhower. >> jfk. stuart: bygone era. in 10 seconds neil cavuto will appear on this screen, magically project away, tell us about the stock market and everything else is going on, won't you neil? neil: i didn't want to talk about that today. all right, stuart, thank you very, very much. we have larry kudlow making some news here. i was talking about fox news, he put have put a damper on the chinese talks that the administration still could consider additional tariffs on additional chinese goods. that kind of spoiledded. neil: hey we may get a deal party. i might not want to overinterpret the developments. that is the latest excuse de jure after market coming off earlier highs. edward lawrence from osaka, japan where the g20 summit is already going on. edward? reporter: there is a lot going on. the official events don't start