american higher it and the chinese government, even though wuhan lab. we are not at the mercy of what china was going to tell us. people here in this country should be coming forward to tell us what the chinese lab new and when. maria: absolutely right. republicans -- >> the collapse of this building in miami will not be a political issue. maria: good point. "varney and company" begins right now. >> the second half of the year for stocks. if you haven't done it already do yourself a favor and check your 401(k). it is july 1st and the dow industrials will open on the upside. i can't see the screen but futures point -- we are up to

the dow and the s&p and the nasdaq, the s&p is up 14% in the first half of the year and closed at its fifth straight record high wednesday. the nasdaq up again, down this morning. and that is not complicated. and bitcoin holding around 33,$000 a share, a coin i should say and elon musk tweeted about baby doge set to the tune of baby shark. we will let susan sort that out. dogecoin quoted at $0.20. xi jinping at the anniversary of the communist party aiming at america. bully us and you will be met

with a mighty wall of steel. donald trump takes a hard line on biden's border crisis. and and he replied i decided, but didn't say yes or no. president biden is on his way to south florida and toward the collapsed condo tower and meet with family friends of the victims. you will see him at the scene of the collapse. it is thursday july 1st, 2021. "varney and company" is about to begin. ♪♪ stuart: you have been looking at the empire state building in new york city.

and i can see myself. nice tie. let's get to futures, mixed picture, first day of the second half of the year and let's bring in gary, good to have you back. is this the summer melt up rally? is it beginning now? >> a continuation of what we have been seeing. the good news, if value has a bad couple weeks, growth gets strong. of growth has a bad couple weeks value gets strong and that keeps markets going. i told you a while back dow 35,000, now the nasdaq has 16, 17,000 on the next leg but the last leg of the bull, there will be a lot more fireworks to go. stuart: 16, 17,000 on the nasdaq. i read your stuff. one thing stood out to me.

you are telling me the fed printed more money when the market dipped a week or so ago. you are saying the fed put a flaw on the stocks. >> the dow dropped 189 points, jay powell sent his people to say they are going to taper and instead of tightening and tapering they went from averaging $4 billion a day of printed money to $10 billion a day of printed money. this is something markets have loved for a very long time. where it is beats the heck out of me. the four big central banks are approaching $30 trillion of assets buying and a rocketship trade up and that is helping

out liquidity and markets love it and you are seeing it on a daily basis. stuart: do you get a lot of clients wringing their hands anxious nothing goes up forever and when will we see it come down? you've got to be dealing with anxiety. >> there's a lot of talk about that, people in the industry, remember when all is said and done i promise you valuation will matter. the last few weeks into ipos have been coming out, some with no sales and a $3 billion market. there will be a, pins, we are in a sweet spot with easy money and the fact we continue to open up and business is in decent shape. you ride it till it stops and we will let you know. it is not hard to hide bear markets and bearish action. >> that i sell half my

microsoft is walk away happy? >> mister mardell is one of the great ceos, the ability to grow their business, how large the company is, you see them at all time highs, i stick with leaders until they tell me otherwise. stuart: i accept your advice and i will stick with what i've got. see you again soon. i do to look at the ipos, the chinese red -- ride hailing company dd has the verification company clear and secure. they opened yesterday, did fairly well but doing all right today. >> they are up in the premarket

but it is $16 and change in the opening trade so you are not getting the peak of the $70 billion tried hailing giant. some say it is a mature market right now all of a sudden. it has been eight years for dd in the chinese market but it is secure. i would call it a stellar debut after jumping 20%, cybersecurity sentinel one opening higher today another 30% jump, 17 ipos cramming it in before the independence day holiday, $350 billion the first 6 months of the year, a record year of listings. stuart: they have really done well. the ipo has done well almost uniformly. there are a few exceptions. >> it shows how much money there is around.

you only get a 3 day roadshow. this is disappointing for giant that could have been worth $100 billion. stuart: all that money sloshing around. we did get earnings reports. walgreens you see on every corner in florida. >> new york too. fill in my sentences why don't you. what was wrong with earnings. >> >> boosted by a recount and prescriptions by raising for your forecast. >> tell me about mccormick. this is the company i know. >> >> mccormick reporting businesses better than anticipated. let's go what happened in the

second quarter. i was surprised by the broader index. i have a surprise for the nasdaq is outperformed, despite the temper tantrum the higher yield. stuart: you've made your point. let's move on to the cryptos. i'm familiar with the cryptos they are down today. >> bitcoin is down 45%, and the s&p, that is the performance. the crypto currency, the best first 6 months in four years up around 185% and that is despite

being down 50%. stuart: how we'll deal with dogecoin and elon musk and his tweets? >> it would take 3 hours for every tweet. elon musk posts up there. dogecoin is an outperform are up almost 400% in the second quarter. you bring up the elon musk -- stuart: look at that. they be doge set to the tune of baby shark, that is for you. did it have any impact? >> i checked it. at first know. dogecoin is up one and one quarter%. if we track every elon musk tweet, some do the market for doge but this is a fun one. stuart: it used to be you tweeted about doge and if your name was elon musk that thing went up. >> he has tweeted about something interesting in terms

of the transfer cost for using doge, that was interesting. stuart: i missed that one. let's get serious, president biden and the first lady on their way to south florida visiting the condo collapse in surfside. we will take you there when they arrive. donald trump did not hold back on the administration's handling of the border. watch this. >> we had the tightest security, you can come into our country legally but you know what else? we were stopping massive amounts of drugs, human traffickers. we never had it better and we have never had it worse in the history of our country. stuart: more on that in a moment. check futures again. mixed bag, dow is up, s&p is up, nasdaq down a tiny fraction. does texas congressman kevin brady think this is a rocketship economy? we will ask him, he is next.

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stuart: i am trying to pick out the casinos i can name and no. you are looking at las vegas, 79 degrees right now but it will go to a hot 106, a little below where it has been the last few days. show me to the. they are releasing june delivery numbers which will be very important, the expectations game. >> that is how wall street works, june delivery for the china market, 200,000 is the

magic number globally. china sales past this number and musk hinted at 800,000 deliveries for 2021. if that happens that would crush last year's record close to 500,000 car deliveries. tesla's strong numbers are reason the stock is running up back to $700 apiece, people have been anticipating these delivery numbers and elon musk tweeting this last night, 100 year celebration of the founding of the communist party, the economic prosperity china has achieved is truly amazing especially in infrastructure. i encourage people to visit and see for themselves. musk to beijing, that is how your bread is buttered in the country. you know that as a ceo you have to give space to the ccp. you have nike on the analyst, nike is a chinese brand made for the chinese people. stuart: musk is pandering

anyway you slice it. that is pandering. i can understand why but that is pandering. amazon wants to get 10,000 electric vehicles on the road. when we see it? >> 2022, 200,000 and the electrically by 2030. it will be a giant ipo when it happens maybe this year, $90 billion valuation but that is because of amazon. you can imagine how much but amazon around $800 million into the electric vanmaker. stuart: i believe them when they say that i will have those vehicles there. they execute, that is what they do. >> amazon does? stuart: amazon. i've got to get to this. show me futures, 11 minced go below before the market opens, up 70 on the dow and look who is here this thursday morning, kevin brady, republican

congressman from the great state of texas. i your assessment of the state of the economy because so many appear on the show and say this is a rocketship. what do you say? >> the jobs recovery is strong in a big way. april was a disaster, maybe it was dumbed down, when do we see it tomorrow in the june jobs report? we took the president's projections of job projections. he only created one third of the jobs he promised in the jobs plan, 1 million and a half jobs short where he should be tomorrow. we will see if he gets closer to that if he doesn't. we look at wages every month of this year, prices going up, american families are falling behind under this president has workers, labor participation

rate has fallen, the question is will we see any meaningful progress tomorrow in getting people back in the workforce? as long as half the country is paying workers more to stay-at-home than to go back to work -- workers wages, jobs, the president's report card is failing. stuart: that is the opposite of what many on this program have been saying that we listened you carefully. >> to be clear, the economic numbers, we have seen the reopening of life-saving vaccines, more growth in the overall economy. it is not transferring to jobs or workers or wages. for most people that is what counts. stuart: i want to talk to you about donald trump and governor

abbott, see what they had to say about the president's handling of the border crisis. watch this please. >> you look at this border and what you see, and unfinished border. this -- >> normally talking about people, millions of people are coming in but we are talking about human trafficking. all biden had to do was go to the beach. if he had just done nothing we would have now the strongest border we have ever had. stuart: congressman from texas has okayed $1 billion to finish the wall but president biden could sue him and stop the whole thing. >> i have been on the border a lot, i have never seen it like this. there is no end insight. you talk to border agents, in terms of how many kids are left in central america. the surge is relapse billion to drug trafficking, fentanyl is

scary but human trafficking as well and we have so many migrant children in the us they are pushing out us foster kids from their housing. having a huge impact, no plan in washington. governor abbott and donald trump are right. something has to be done. it sure looks like the states are going to have to secure the border and deal with this humanitarian crisis but it out to be the president. he is in denial. stuart: congressman kevin brady, we will see you again soon. by the way, during the townhall with sean hannity donald trump said he made up his mind about running in 2024. watch this. >> without giving the answer or what the answer is, have you made up your mind? >> yes.

it is not that i want to. the country needs it. we have to take care of -- i don't want to. fighting constantly, fighting always. the country, what we've done is so important. stuart: yes, he has made up his mind but he didn't say yes i am running or no i am not but he has made up his mind. he is hinting at a future run, we will see. check futures please. we have twee 7 minutes to go. susan is looking at her watch. the dow is going to be up 70 points, small gain for the s&p, nasdaq down a little. we will be back after this. ♪♪

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♪♪ ♪♪ stuart: well, well, well, here is dr barton, it is july 1st we are starting the second half of the year, are we about to see a summer melt up? >> you have hit the nail on the head. i know that you do.

the second half will be strong. much stronger than normal. if we look to 1950 there has been 60 different years when the s&p has been up 12.5% or more by the end of the first half and those instances the market is up almost twice as big as the years it is not up that strong. in this case what we have seen historically through 70 years of data is strengthened the first half begets strength in the second half. stuart: i like the way the new retail investor is coming into the market. it is a really good thing, putting money into the market and democratizing investments. are they going to keep going in the second half of the year. they were active in the first half. >> we will see people start to trickle in that we don't expect. the folks that have been piling in in the first half of the

year have been early adapters, the first to get in. i think we've still got a lot more millennial and gen x to follow the coattails of the second half. stuart: one last one. uber. i know you like it. the first time somebody has come on this show for a long time and says buy it. a long time since anyone recommended uber. why do you like it? >> great place to buy here, dropped from 64 at the high down to 50. we've got a good pull back. i believe dede didn't have the best ivo but they are above their ipo price this morning and of course uber owns 12% stake in that company so they are going to receive some benefits from anything that happens but they are recovering well from the pandemic. are channel checks show price increases in several big cities

are holding and i know for sure from my visit to chicago last week that the prices are much higher than last time i was there, better profits, up 28% quarter over quarter for their ride share, up 160% year-over-year in for eats, uber eats is going to give them a floor of earnings and the mobility will come back and continue to drive the stock up. stuart: you got it out in time. thank you. the market is now open on thursday morning. the dow has gone up. not much but we are up 70 points. i'm looking at 2 thirds of the dow 30 in the green, on the upside of the dow is close to 100 points. the s&p 500 also a little higher. this is another all-time high. i have lost track, 31, 32, 34 record high this year and the

s&p is at 4305. the nasdaq turned around, fractional lost down 7 points. technology stocks all down this morning even though the yield on the 10 year treasury is well below 150, microsoft, apple, alphabet, amazon, facebook on the downside. >> the nasdaq was up 9 it half% in the second quarter, i think they come back from the trigger on the 10 year treasury yield. stuart: that is very true. let's seek youravac, german drugmaker, disappointing results with their vaccine. final study showed their jab is only 48% effective. down it goes again, 12% this morning. nova fax, uk phase 3 study of their jab showed high of 56, 80.9% effective and the stock is up again, nice run. micron technology, a chipmaker

reported a strong quarter, this is in the middle of the global chip shortage. why are they down? >> i will get to that. boise, idaho chipmaker, how often do you hear about that? look like we had higher sales a global shortage of chips and strong demand continues to pump prices up which is a good thing but micron sold the use our chip factory to texas instruments, also downgrade from insight to hold. a downgrade, i saw numerous analysts upgrading their price targets. stuart: boise, idaho. >> how often do you hear the chipmaker there. stuart: the chinese -- neo, the chip shortage is not hurting their deliveries. >> 8000 for the month of june, first time it surpassed 8000 in a month recovering from a drop in deliveries from april to may.

they are on pace to surpass last year's delivery totals and first 7 months of the year. electric sales rocketing in china. they are raising 1 to 2 billion. stuart: the market is hot. keep looking at deliveries. watch deliveries. >> the ones here also hot. stuart: forward has got a chip shortage problem, they will suspend production at eight north american factories over the next two month and stock is above 15, now it is 1489. there are winners among the dow 30, chevron tops the list, oil went to $75 a barrel so you can expect energy stocks to go up. >> oil is a book away from a 7-year high, we've not seen that in 7 years. opec place. stuart: s&p winners.

occidental petroleum, doing well today. the nasdaq, not many energy companies on the nasdaq so the big winner is nvidia, 810 i see this morning was am i right in saying one investment firm upgraded them and set it is going to 1000 bucks. >> plo said it is worth 1000 bucks, as we head into that after the market stock split, also the acquisition might get approved. the other company saying yes. stuart: i am very sorry. >> what has gotten into stew all of a sudden? no, no. stuart: we have been sitting here for a couple months talking about nvidia and how it constantly goes up. it was around 450. maybe it is going higher still.

>> it was 7 years ago. stuart: why didn't you tell me that? >> talking about technology is a hard sell. stuart: roku is up this one, down one and one quarter%. is something going on? >> roku bounced in the aftermarket after hours after we had the new york post reporting apple quietly paid for a button on the roku remote. netflix has one, who has one, disney plus, apple capitulating, roku dominates 40% market share. if you look at subscriber numbers, apple tv plus, some people say they are lagging with 40 million subscriptions. stuart: all i know is roku is a $453 a share, another one we should have seen coming before the pandemic.

>> you really think it is going to get there? it will be to get there because of the dominance in streaming. stuart: i was a skeptic. we are 6 minutes in and up 38 points and 10 year treasury, where is it? the yield is one.4. the price of gold languishing $17.80 an ounce, it is 33,$700 a coin and oil, the news of the morning in the energy market, $75 a barrel. first time in 3 years we've reached that level. if it goes to 76 it would be 7 year. >> goldman at 100 bucks this year. that will be interesting. stuart: watch those oil stocks and the price of gas keeps inching up. we have a national average of 312. we tell you where the most

expensive is, here's the cheapest, mississippi where the average for regular is 274. that is the market, politics, democrats claim it is the republicans who want to name names, listen to peter doocy, asked jen psaki about it. >> any examples that they want to defend the police? >> actions speak for themselves. >> no examples, we will play you the full exchange. the judge has denied the request to remove her father from her conservatorship. fans are furious. more on that later in the show. ♪♪

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stuart: t rex getting us going and you are looking at a fairly sunny skyline, storms will be coming shortly. check the markets please, we are open for 11 minutes and there is some green across the board. look who is here, greg smith. here's my opening gambit. whatever happened to sell in may and go away? that was a loser this year. >> maybe you and i can make history by coming up with a new investing adage. we know sell in may and go away which involves data from 1950 to 2013 which basically says the market would underperform during that time and it would be better to sell in may and to buy in november but our new adage, we've entered a market which is by in may instead.

may 17th i thought was a pivotal date which was covid text and we entered a new stage in the market in which we are going to continue to be in a bull market, you hold onto your position to me your stocks, we see new highs in the market and there's nowhere else to be. stuart: i am looking for dark clouds, for what could go wrong. do you think the delta variant is a possible dark cloud? >> i personally don't. there's 23 other greek letters in the out of bed. i don't know we will get into the hurricane naming here but the media has overblown the delta variant. in big cities like new york, you take the 30 nba markets the data suggests people are improving. they are not getting that second the delta variant is a bad case of the flu but in rural areas, and look at places where people are not vaccinated

those are the at risk communities. i don't think the delta variant will be a big event for the market. stuart: you have often come to us with stock picks. i want to go to a pic you had a couple months ago, pellet on, you liked it, it is 124 today, 125, are you still in it? >> i first shared it with you a year ago in the dark days of covid when it was in the 20s and i was crazy enough to have a $200 price target on it. it got to 170 but didn't have a big pull back particularly in the last couple and some for recall with the treadmill which was overblown in the last two months was an incredible buying opportunity with the stock. i talked to you one month ago

on june 1st. at 125 i think this is going to work higher. it is a great company. i don't believe it was a covid beneficiary or just a covid beneficiary because people are getting back to work, we have to book better. if we are in the office we've got cuter than when we were hiding on calls in our sweatpants. they will be a winner. stuart: i will try to remember and see what i can do. thanks for being with us, always appreciate it, see you again robin hood, robin hood wants its users to buy the stock. are they -- >> it looks cute. 35% of ipo shares are set aside for retail investors and there's a reason for this according to the wall street journal so retail allocation isn't usually 35%, it is pretty small. what robin hood is trying to do is boost the retail

participation to drive traffic to their new platform. that is the reason. this will give users access before they start trading which to individual investors is hard to do without a huge hedge fund. we know robin hood is valued at 11 to $14 billion. stuart: that is interesting. robin hood will make it easier for the little guy to get into ipo before it hits the market. will that be a private sale? >> it is ipo axis. it wouldn't be private but in the trench in the ipos as i said you it is not 35%. if it is air b&b i will see for myself, 10% to 15%. >> anything that makes it easier to get into complex

situations i'm all for it. nothing wrong with that. >> do we have one? >> can't do that. they are into go public for the second time today. what is the price today? >> $17 below the indicated price range of 21 to 24. it is a consumer name, in this health-conscious environment we live in, i don't think sales will match up. the second time, one and one third billion dollars, still losing money, sales went up 17%, this is the busiest week since 2004. krispy kreme, didi, the list goes on and on. stuart: krispy kreme, lightweight donuts, you can get

your heavy-duty donuts. but krispy kreme is lightweight, isn't it? >> the glaze yes. they also have different sprinkler brands we can offer you later on as well. i saw you sucking in the stomach. i am good. >> i would really like that. >> you won't be touching krispy kreme. >> i don't like sweet stuff. don't care for it. shall i move on? president biden and the first lady landed in florida to visit the condo call lapse site in surfside. listen to this, 20 people speaking out claiming vice president kamala harris's office is an abusive place to work. one staffer claims, quote, the place where people feel treated

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>> president biden in the first lady on the way to surfside, florida to get a briefing of the deadly condo collapse, 16 people confirmed dead, 149 still unaccounted for. ashley webster is still there. the latest please. ashley: the president now on the ground in south florida. he will head to surfside on the north side of the collapsed building where he will meet with first responders and rescue crews to get an update on the situation and thank them for their tireless efforts. and we understand a number has been set aside for the president to meet with the family members whose loved ones are still unaccounted for in that collapsed building and later on in the day he will be addressing the media on his thoughts but one family not very happy with the president's visit. they say it is too soon. any second taken away from the

rescue effort is a second lost. the white house said the president refused to come here until he could be assured no one's duties or efforts would be disrupted because of his visit. the rescue effort goes on, and their daughter's -- body was recovered this saturday. the devil standard 18, unaccounted 145. and it was removed from the site. this will stretch to the end from august. another 8 weeks, that gives you an idea of the scope of what you are facing was on the legal front four lawsuits being filed against the homeowners association of that collapsed

building and prosecutors pursuing the grand jury investigation into anything that may have led to the building call lapse. on top of this a tropical storm brewing in the atlantic, tropical storm elsa speeding to the caribbean. this area is in the cone of potential impact. it would be here sometime they think between monday and tuesday. that would as you can imagine hurt those rescue efforts but it is too far down the line to get an accurate forecast. the battle goes on. the results have been pretty grim. stuart: we will be back to you later. you want to add anything? >> i had a conversation with my mother who said we need to be grateful for every day we have. you could be in your bed sleeping, you just never know. stuart: count your blessings.

stuart: still ahead matt schlapp, pete hegseth and steve hilton. wages rising, benefits improving. the biden administration will take credit for that. ♪♪ . .

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♪. stuart: good morning, every win. it is 10:00 eastern. let's get straight to your money on thursday morning. the rally continues. we're beginning the second half of the year, remember. it is july the 1st. the dow industrials up another 90 points at this point. small gain for the s&p which set another record high by the way. the nasdaq is up just a fraction. big gains coming the past few days especially in the s&p. the 10-year treasury yield, look at that! it moved down. really extraordinary stuff. at a time you got all this money sloshing into the economy and people worried about inflation, the yield on the treasury down to 1.45%. that is quite a bit deal. bitcoin down to 33,000 bucks this morning. i have to tell you we also got a tweet about elon musk about

dogecoin. set to the music of baby shark. i don't understand a word of it but we have dogecoin at 25 cents per coin. we have economic numbers coming at you. lauren is sitting next to me. i'm not sure -- lauren: i do. stuart: what is the numbers. lauren: don't want to digs point disappoint you on a thursday before 4th of july weekend,ism was disappointing. the 51.6. the expectation was for 61. stuart: we can't complain. expectations by .4. mortgage rates, thursday. that means you got the rates. lauren: i do. 2.98%. we're back below three. the 15 year 2.26%. we've seen stable low rates. that provide as cushion to the hot housing market that has seen prices go up, up and away, up about 15% annually.

stuart: i go back to the 2006, 2007 real estate boom. we did not see home prices going up 15% in any one of those years. lauren: we haven't seen it in 30 years. stuart: this is unique. lauren: there is still demand. stuart: serious subject here. president biden has landed in florida. in moments he is, he will be receiving the command briefing on on the surfside condo collapse. you see him arriving. he is at the site right now. we'll bring you any updates that become available to us as we get them. and now this. wages are rising, when gets improving. all kinds of incentives to get back to work. there is an enormous am of money sloshing around. we're flushing with cash. 3 trillion bucks in bank accounts. a good time to be an american. justified or not the biden team will take credit for that.

they will ignore anything negative. concentrate on the positives. that means blame trump for the border crisis which biden created. claim the gop defunded the police so the crime surge is their false. it is blatant political spin but when endlessly repeated in the media it sticks. when it comes to the economy the president's handlers make sure he sticks to the script. it is always a positive script that appears on his teleprompter. jobs are coming back. we're in an economic boom. we'll keep helping working families. in fact the democrats are on rather thin ice. what if the all the money they're shelling out gives us a has inflation? that would hurt workers big time. what if interest rates go up and sink the market? that hurts 100 million americans who now have a stake in stocks. the good times may not keep rolling into next year's elections. and the democrats might not be able to stifle the outrage over the border or the crime surge

but right now, look at this, let's celebrate a vaccinated, prosperous, dynamic america. that is what we've got. long may it continue. second hour of "varney & company" is about to begin. ♪. stuart: all right. the markets, 33 minutes worth of business. the dow is up 84, the nasdaq is up two, and the s&p up 12. s&p again in record theirerer t. bring in anthony chan. economist. he is with us right now. i warrant your judgment on the state of the economy. right now, is this a rocket ship economy. >> stuart, when you say a rocket ship economy i think you mean we'll grow this year around 7%. potential growth is closer to 2%. basically to the growth in productivity plus labor force growth and so you know that 7%

is not sustainable. next year we'll probably only grow half as much. historically from 1950 to 2020 we've been growing real gdp by 3%. anytime you grow above that you know it is not sustainable. anytime you grow below that it is a possibility for the economy to grow faster. just like a rocket ship going into space it can fly 25,000 miles an hour but it can't maintain that speed. stuart: is there a chance of a recession or serious slowdown, before the elections next year, 2022? >> clearly, stuart if you're going from 7% to 3 1/2% next year. that is a significant slowdown. that is a 50% slowdown in economic growth. with regard to recession, of course if there is a policy mistake. all of sudden jerome powell decides to taper or raise interest rates a lot quicker or abruptly, yes we can push the

economy. is that likely to happen? probably not, they already told us they will be extra patient. i think if there is a policy mistake, probably to stimulate the economy more and cause inflation to be a little higher than it otherwise would have been. last time i was with you i mentioned to you, stuart, that the federal reserve believes that core personal consumption deflator inflation will be 3% this year. i don't believe that. i think it will be closer to 3 1/2 or even 4%. but again, that is still in the zip code of acceptability by most policymakers and certainly even by the financial market. as you can see the financial markets, the equity markets they know all of this is possible but they're not very worried. stuart: not very worried, you're right there. anthony chan, thanks for joining us. see you soon. have a great 4th weekend. >> true. stuart: white house press secretary jen psaki doubled down on claims that republicans not democrats want to defund the police. roll it.

>> there are a lots of examples of democrats explicitly saying they want to defund the police r there any examples of republicans, members of congress saying they want to defund the police? >> i think actions speak louder than words, peter. so if you oppose funding for the cops program, something dramatically cut by the prior administration, many republicans supported, then you vote against a bill that has funding for the cops program, we can let other people evaluate what that means. stuart: matt schlapp joins us now, welcome back, matt. very good to see you again right before the 4th of july. look, we got two huge issues here. we have got chaos on the border around democrats say it is trump's fault. >> yeah. stuart: we have chaos with defund the police and the democrats say it is republicans who started it. can they keep up this, i will call it a charade, this deflection? can they keep it up for another year into the next election? >> well how many years did

barack obama blame george w. bush. it lasted four or five years. they have years where they can blame donald trump and republicans. think of the irony of jen psaki's statement. because the democrats are spending trillions of dollars we simply don't have, it is just debt, putting out there in the economy, they want to spend more on almost everything, they will take credit for all the good. if there is any bad, it is trump and republicans fault. let's look at defund the cops specifically. joe biden has never criticized the violence of black lives matter. they have embraced this. kamala harris got some of these criminals out of jail who had committed serious crimes including dead cops, burning down churches, et cetera, and their number one policy platform is defund the cops, completely embraced by the biden administration. now they're saying if cops are getting defunded, that is resulting in rising crime, it is trump's fault. stuart: i think republicans have a tough job at this moment.

because the economy really is doing well. we are flush with cash. jobs are plentiful and people are getting paid to stay home. i mean, that plays well politically, doesn't it? so your job as a republican, it is hard to burst that bubble of good feeling around the economy. >> no, you're right, stuart. one of the great things, enduring traits about americans we're practical and we tend to vote for president with our pocketbook. if our families are doing well economically, if we feel safe and secure, we tend to like to go with the incumbent. the problem for joe biden, i will give you the opposite to the argument you're making is that underneath all of this the american people are quite unsettled. they don't like the cancel culture. they don't like this critical race theory. they don't like their kids being in schools that are closed down and churches that were closed down. there is a lot of angst out there in society which overtakes the fact that the stock market

might be performing strongly. so what i would really look at is, do the american people believe this country is on the right track? i think that is the numbers we should be tracking as we get closer to election day. stuart, it will be a big night for republicans in november of next year, even if the economy looks like it is not tanking. stuart: interesting. matt schlapp, always a pleasure, we hope you have a great 4th >> happy 4th of july and god bless america. stuart: i will take that. we have a rally and the i would guess, lauren the energy stocks are doing well. lauren: if you're an investor energy is the place to be. the sector is up 1.1%. oil touched 75 first time in three years. opec deciding today whether to boost production and americans are hitting the road for the holidays as matt just said, people vote with their pocketbooks, you're paying

almost a dollar more today than you did last year for gasoline. that is the flipside of the story. q vac released final results for their vaccine. the stock is almost down 8%. the protection? 48%. stuart: 48%, that doesn't make it. lauren: with moderna and pfizer over 90. novavax, phase three 3 studies out of the uk, 90%. including the variants. they will file for fda approval. stuart: novavax had a great three days. look at the cryptos, bitcoin and ethereum trading lower. bid coin 33,000. ethereum 2100. lauren: these are the two biggest cryptos in the world they wrapped up the worst second quarters in their histories. they have not been along that far. bitcoin down 41% in the second quarter. the stock market up 8%. i will give you two reasons although there are a lot of

reasons. you have the crackdown in china. this price sensitivity, the institutional players, they came in and saw bitcoin in april at what, $65,000? they probably thought that was too high. they won out. some of them went to gold. that is not good for bitcoin. baby shark, you know this from the grandkids, baby shark? stuart: i do now. lauren: elon musk did that for dogecoin. that is the crypto that he supports and he actually moved the price of dogecoin for a while with that baby dd -- doge little tune. stuart: it is moved since then. lauren: it is up 5,000% this year. it is cheap but 5,000%. stuart: another one that i missed. lauren: thank you, elon. stuart: new york residents are blasting mayor de blasio for asking them to cut their power usage during the heat wave.

we have that story for you. a new report reveals vice president harris's office is rife with dissent and dysfunction. first, he is running for congress in new jersey as a republican. is he running against high taxes? i'm going to ask him because he is on the show. ♪. ♪ ♪ when technology is easier to use...

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♪. stuart: that is wildwood, new jersey. a little foggy right now. misty perhaps.

it is 81 degrees and probably going up from there. our next guest is running for congress in the state of new jersey. billy prempeh is with us. i would like to say good morning to you. billy, great to see you on the show today. i want to know what you're returning against in new jersey? what is really got you ticked off about jersey? >> stuart, first off thank you very much for having me on the show and one of the things i have me ticked off, i'm running against 24 year entrenched politician, bill pascral. been here for many, many years. patterson, new jersey, all kind of voter fraud, violence through the much roof, one of my good friends was killed. violence is happening in our city. police are not getting funding. politicians like bill pascral appease the left-wing base. they're not just making my city and my district much worse. me at 31 years old, if i don't

get involved, get in the race, don't speak on batch of the people in the district we'll never have a safe environment for our families to grow up in and our communities are falling apart. i wanted to do something great for the community. i decided to get involved. >> i know you had conversations, one or two with former president trump. is he backing your candidacy? >> so i met with president trump about two or three days ago, thankfully kim klacik invited to this event. i met with the president. we were able to speak very briefly. he is well aware of fact we're running against bill pascral. if you guys know, one of his most staunch opponents inside of congress. he is supporter of the campaign. whether we get endorsement we'll see how that goes moving forward. stuart: would you say former president trump is the leader of your party? >> 100%. who doesn't believe up donald trump is not leader of the party, they are on the wrong side. president trump got someone like me, patterson, new jersey,

fourth ward, i decided to get involved in the race because of president trump. he said things nobody else wanted to talk about. about the terrible immigration crisis at border. my family, first generation american. i'm a united states air force veteran. i decided to fight for this country. seeing what is going on at the border, it just not makes me upset but my family upset. we have 14 relatives came here legally through the process. president trump is you can talking about issues nobody wants to talk about. it inspired me to get involved. if nobody will stand up against the radical leftists i will do something about it. stuart: patterson, new jersey, is heavily minority. african-american in particular. what is the reaction in patterson, new jersey, to you as a trump supporter? >> reaction is quite positive. a lot of people i run into, first things first. you don't see too many 6'2" black dudes with dreadlocks walking around patterson, new jersey wearing trump hats. they're sick and tired of

democrats. bill pascral has been here 24 years. nothing positive happened. there is not a lot of republican outreach going on in the inner cities. i'm one of the first people to do it. last year i ran for congress in 2020. despite the covid pandemic. despite of the 7 month campaign, we shifted 31,000 votes to the republican side. they don't want to vote for democrats. unaffiliated voters lean to the right. if they wanted to be democrats they would be democrats. they're seeing what happens in the community. a guy like me, young person, 31 years old, i'm trying to bring ideas totally opposite what we've been seeing past 24 years. a lot of people are open to it. we don't, i tell a lot of people listening right now, don't discount the inner cities. the way we'll turn new jersey red, the way we turn all the blue states red, focus on inner cities. 35% of my vote comes from patterson, new jersey. president trump got on stage not

too long ago he said something critical resonated. what do you have to lose? we've been going with the blue so long and it is not working. time to choose red. stuart: billy, you have a lot of energy. i envy that this time of day. come see us soon. we like to see how your campaign is going. belly prempeh. >> thank you, stuart. stuart: we're just learning the search has been halted at the collapsed condo site in florida. this is due to concerns that the other tower could fall. we're getting that in. supreme court upholding arizona voting restrictions. lauren, details if you got them. lauren: so the supreme court sided with republicans and upheld arizona voting rules that democrats called discriminatory against minorities. the high court ruled 6-3 this was along idealogical lines. there were two things considered in particular. what happens if you vote by mistake or not in the wrong

district and who collects the ballot f you have a family member or caregiver submit your ballot. stuart: this is a win for the republican version how to hold an election? lauren: correct. stuart: essentially that is what it comes down to. lauren: win for the gop. stuart: got it. i'm going to switch gears but it's a very interesting story. we have an explosive report in "politico" which claims that vice president kamala harris's office is an abusive work environment. lauren: this is a bad look for president biden. "politico" interviewed 22 current and former staffers to vice president harris, they found this is a quote from the article, people are thrown under the bus from the very top. there are short fuses. it is an abusive environment. it is not a healthy environment. people often feel mistreated. it is not a place where people feel supported but a place where they feel treated like expletive. they said you know, if you have ideas, they're dismissed. decisions are drawn out and i think it came to a head with the

border visit, right? harris' decision blindsided so many people reportedly on her staff. it complicated the ability to get a clear message out t was symbolized by the news conference t seemed thrown together. you could hear the jet engine of the plane roaring loud, she was trying to scream over it. "politico" says the dysfunction is noticed by president biden. stuart: noticed by president biden. lauren: back to the election. this was in my opinion, many people the most important vice presidential race ever because of president biden's age f you have this reported dysfunction in your number two spot, that is not a good look. stuart: it is not a good look at all. thanks very much, lauren. here is a real change of subject. prince harry unveiled the statue of princess diana, did that earlier this morning. it is said to be creating a panic at buckingham palace. we have a royal watcher with us who will sort that one out. plus if you're looking to buy a pool with this excessive

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stuart: one hour's worth of business, modest gains across the board for the stock market. here is mark avalone, market watcher of the morning. i welcome back. i'm asking the same question i asked just about everybody, july the 1st, start of second half of the year, high summer, will we see a summer melt-up from here? >> yes, stuart, and i was watching earlier about the sell in may and go away. i think buy in july and enjoy new market highs. too much good set-up from the fed continuing to flood the markets with liquidity and corporations delivering with high earnings. that is a powerful combination. stuart: why do you think it will be technology that continues to lead the way? >> these are the huge cash flow machines. i know the common theory is if interest rates go up the tech companies have earnings out in the future, so if you discount

them back they will notwithstand the rise in rates. that is a bunch of rubbish. these tech companies are massive cash flow machines and they're exactly the kind of companies you want to own in a slowdown and i don't think you have to worry if rates tick up a bit, that microsoft's future earnings or amazon's future, are in peril or worth less. we think they continue to dominate the spaces they're in. we like them virtually in any environment. stuart: it is strong stuff there, mark. we appreciate that. now i want you to turn your attention to netflix. i know you like them. where is that stock going? >> well, i believe it is going up. i will tell you why. people think the reopening trade is going to hurt netflix. in an odd way, netflix is a reopening stock. they had to shut down all their production. tell me is there any buzz about a new show? there isn't. and these marginal subscribers are going to come back late in the year and next year.

he's sarc ozark has a new season. "bridgerton" was signed for two, "the crown," stranger things is massive. people will have a new thing. winter is coming. cold and flu season. people coughing in a move very theater. it will drive people right back to netflix and i don't think we should run away from it because it is not a reopening trade. in an odd way it is. stuart: i will wrap it up. mark after have loan sees summer rally continuing. he likes big tech and thinks netflix is going up some more. very interesting, to the point you understand how to get your point across, short, sharp and precise. that is very good mark. you can come back. we'll see you again soon i hope. >> thanks, stuart. stuart: you got it. we'll talk swimming pools. pool sales increased 23% during the pandemic obviously a pool is good stuff. however there is a shortage in

supply and production delays disrupting any backyard plan you have got to cool off. jeff flock is at a store in illinois. you're talking to the pool people. what is the problem there? reporter: it's a pool armageddon , a perfect storm. hard to get equipment. a huge chlorine shortage. you have the pandemic dealing with. more demand. your family has been in this business how long? >> since 1978. reporter: this is aqua pools in the suburbs. big thing is the chlorine. >> correct. reporter: this is the pool store you may see. if you want a pool, even you with all of your money you couldn't get one until next year because it is not a matter of money. >> the demand is that high. reporter: i was going to say. on top of that this whole chlorine situation. if you have got a pool, i never had a pool before in my life, they use chlorine tablets like this, right? >> correct. reporter: you can't get these

almost. >> they're on constraint. reporter: stuart, you see the signs, due to chlorine shortage limiting the amount. basically saying you can't stockpile this, you got to whatever. >> correct. reporter: see an almost empty shelf of these. these tabs come in the box. will we get to the point we won't have enough chlorine? >> not necessarily chlorine by the tablets correct. reporter: what you have to do, if you don't do, you have to buy it in a box or bucket like this. tasker it to put it in the pool yourself. don't put the tab in which is easy way to go. >> you have to use a salt system or grand all chlorine or liquid chlorine to compensate. reporter: if i come to you say i want a pool, inground pool, eastern with my influence, when do i get it? >> probably get you in starting next spring. we just opened order books for next spring. reporter: next spring. how long does it take to put a pool in. >> depends on construction.

fiber glass is two weeks. concrete is six weeks. reporter: stuart, you got a pool, maybe you don't. you're not a pool guy. stuart: you know i can't swim. everybody knows stuart varney cannot swim. i do have a pool. we have a chlorine shortage. reporter: throw him in, it will be real fast. stuart: the gym teacher ride that and it didn't work. flock, you're time is up. we're gone. thanks for joining us. we appreciate that. new york city, the mayor thereof, his name is bill de blasio, oh he is getting slammed asking new yorkers to cut power usage, with the heat wave. what is he asking for? lauren: a lot of people want ad pool yesterday. he told new yorkers on twitter, take immediate action to reduce electricity in your home and business the rest of the day. we need to avoid energy disruptions during the heat emergency. it doesn't include the ac, washer, drier, household appliance. he is getting slammed on

twitter. why not go to times square to dim the bright lights or shut down the indian point power plant which produced a quarter of the electricity needed by new yorkers that was a blunder. you're being told to cut down on electricity on hottest day in new york in 10 years. stuart: you caused the crisis. blame somebody else. lauren: the blame game. stuart: this is new york. trump organization cfo, allen weisselberg surrendering to the manhattan district attorney's office this morning. is it a political vendetta getting at mr. trump? we'll is harmeet dhillon. she is on the show shortly. >> hotels are booked up for the holiday weekend. some don't have enough workers to meet demand. we have that report after this. ♪.

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♪. stuart: you're looking at san diego, california, 7:40 a.m. there. a little overcast. right now it is 70 degrees. summer travel, oh, it is booming all right and hotels are quickly booking up. some though are struggling to keep up because they just can't get people to go to work. lydia hu at a hotel in new york. how many workers are they short there? reporter: stuart, they need 50 people to work in the front of house here in the lobby. also in their food and beverage department in their restaurant. we're seeing nationally right now that the hotel industry staffing level is down about 480,000. that is about 28% of people compared to prepandemic staffing levels. also at the same time according to research firm str, occupancy

nationally, it is down only 7% compared to prepandemic levels. so we're seeing that we're missing more workers than we are bookings. the general manager here says hopes works will return once boosted unemployment stimulus benefits ends. watch this. >> we're managing right now. coping so to speak and i think oaf the next several months as we see business build by the fall my hope would be when the stimulus ends that we will start seeing people looking to get back to work. reporter: without the adequate number of workers here in the hotel the general manager explains they're not able to operate their restaurants and full capacity. they can't open all of the sections. really frustrating thing to go through as we enter the holiday weekend. they say they're leaving money on the table. stuart? stuart: don't ever do that, leave money on the table. what a terrible thing to do. thanks for joining us.

see you soon. earlier this morning trump organization cfo allen weisselberg surrendered to the manhattan district attorney's office. he intends to plead not guilty for the charges that are expected to come. harmeet dhillon joins us. this is all connected to the trump organization. do you think it's a political charge, political vendetta? >> oh, 100%, stuart. the new york authorities have been chasing after president trump for six years now. this is the height of small ball. this is a very, according to reports fairly petty type of offense that is never charged. in fact even "the new york times" interviewed a number of tax law experts that couldn't think of any instance which a corporation or an individual was indicted for the non-taxation of fringier benefits which is allegedly what is at stake here. we haven't seen the indictment yet. it has not been unsealed. this is clearly an attempt to get mr. weisselberg who has been

with the trump organization 4years, to flip on the president, to have a public show trial about the finance asof the trump organization. in about 18 months, just as president trump may be gearing up to run for office again or in the middle of endorsing people and so forth. so purely political hit job. this is the type of third world nonsense we see in pakistan or other countries if you're a former president they try to take you down with petty offenses. this is beneath the dignity of the new york offices to do this. stuart: like your comment on a supreme court ruling just handed down. they sided with the republicans ruling that arizona's voting limits do not violate the voting rights act. i see that as a win for republicans. what say you? 6-3 decision i think. what say you? >> this is a huge and very important and long anticipated decision. the ninth circuit got this one wrong. arizona had legitimate

protections put into place to protect citizens from fraud. democrats have claimed that limits on ballot harvesting somehow hurt minorities which is ludicrous. the law applies to everybody. it frankly hurts minorities as much as anybody else to have fraudulent ballots collected and deposited. this is a big win. i think we're going to see other states pass ballot harvesting limitations. make them for family members and caregivers, not for the general public, union goons, random political operatives coming door-to-door to gather ballots. this is a great victory for election integrity. i'm thrilled to see that. stuart: we're going through things really quickly this morning. here is another one, harmeet. succinct judgment on this. a judge temporarily blocked the florida law that would ban social media companies banning a politicians posts. the judge said it would be unconstitutional. do you agree with that? >> my opinion is more mixed.

i love the idea of the law. the devil is in the details. the law was struck down parts of it were vague. that is probably correct. it could be tightened up. there are exemptions for florida based companies like disney and comcast. that is a little dubious. with more work and wordsmithing on the content of the statute it could be made great. parts of will be held to be preempted by the communications decency act section 230 which is a law i come on the show to talk about before. congress will ultimately need to rein in the interpretation of that law by courts. i don't agree with a lot of this opinion but i'm sure governor desantis will appeal it and also probably eventually have to tighten it up in some regard. stuart: you can really sum it up well. that was three subjects in 3 minutes and 20 seconds. that was pretty good. >> got anything else for me? i'm happy to cover anything else. stuart: actually i was going to ask you, is there anything else you would like to talk about? is there?

>> well you know there is another supreme court decision this morning came out minutes before we went on the air and that is striking down california's law that tries to get into the finances of non-profits. this is a huge victory for the first amendment as well, one that, that many first amendment watchers have been looking at very carefully. so california gets a blow against it and the ninth circuit gets a blow against it. as a lawyer practicing in this area this is a great day for the first amendment on both of those cases. stuart: wow, we're having a great day all together, are we not, harmeet? you can come back anytime you like. with a performance like that you're in. harmeet dhillon, thanks for being here. >> thank you, stuart. stuart: we talked about the future of private spaceflights, talked about it a lot on the show. what about taking a balloon ride to space? space prespective is the name of the company, that is what they're doing, balloon rides into space.

the person running the whole show. lauren: i would do that. stuart: definitely. princess diana statue unveiled this morning. prince harry's after appearance is said to create something of a panic at buckingham palace. a royal watcher explains all after this. ♪. limu emu... and doug. so then i said to him, you oughta customize your car insurance with liberty mutual, so you only pay for what you need. oh um, doug can we talk about something other than work, it's the weekend. yeah, yeah. [ squawk ] hot dog or... chicken? [ squawk ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ tums vs. mozzarella stick

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♪. stuart: how surprising? just a little cloudy over there in london this morning. currently it is 69 degrees. it is the royals story. here we go, princes william and harry unveiled a commemorative statue of their mother princess diana this morning. the brothers together for the first time since the funeral of their grandfather prince philip. greg palkot outside of kensington palace. come in. are we expecting some royal drama today? reporter: low-key drama for sure. moving. word outside of kensington palace a short distance from the sunken garden where the statue to the late princess diana would

have been her 60th birthday. it was unveiled. a small crowd because of covid-19 restrictions. princes harry and william were there. close siblings of princess diana and other people associated with the statue. not present probably as significant, the queen wasn't here, prince charles wasn't here. meghan markle, the wife of harry wasn't here. also princess kate was not here as well. of course all eyes however were on the two brothers. since the comments made by harry and meghan in those interviews relations have been pretty frosty. everybody was looking closely at them. frankly they seemed very warm, very engaged. they chatted with each other. they chatted with the people who were there. they put out a statement, stuart. it's a good one. we remember her, talking about princess diana, her love, strength, character qualities made her a force of good around the world. the statue said to show princess diana in the later stages of her

life. with two young children, it is not the two children, harry and william. the tea leaf watchers are looking at the exact body language and timing. we saw 20 minutes on video ever them of this unveiling. they were here 90 minutes. there was some talk there could have been a private reconciliation between the two of them afterwards. we'll see. right now we're just guessing. stuart: greg palkot, thank you very much, greg. i warrant to bring in a british royals commentator. hillary, first of all the queen was not there, charles was not there what is the significance of that? >> both of them actually, pleasure, stuart. the queen is in scotland. they're there for the royal week in scotland. if you know there is a lot going on there with the scottish vote, scottish national party. nicholas sturgeon the leader of that party, says token visits once in a while are not good

enough. they're up there doing something rather important keeping the union together. there are those this was a royal snub. what is important the palace knows about the recent statistic came out from ugov, that is under 24s, very important to note the age differences here, the under 24s in the uk, 70% of them think that prince harry and meghan markle are still their favorite royals. that is a very different statistic when you get to those our age, like over 40. those that are older definitely have a completely different view on that statistically. those statistics the palace certainly has in mind. stuart: oh dear. okay. oh dear. now then what about a possible reconciliation of the brothers? >> well, yes. if you noticed two things on this, one, they said they were keeping the number of participant in the garden, the sunken garden, the white garden because of princess anne's

favorite flowers, keeping it limited to just 15 people because of the covid restrictions. well we both saw quite a few more people than 15 at wembley stadium for victory. a couple of things here. one, they obviously don't want this to turn into a booing situation where that was predicterred very much in the uk because of sentiments of prince harry, towards prince harry. the thought they're going through reconciliation they are meeting afterwards. the most important factor about that is that kate middleton, the duchess of cambridge, she is going to be present. she is known as the great peacemaker. recently she has been sending a lot of gifts and flowers and messages on the birth of lily beth to meghan markle. the idea she is softening things. the idea they want reconciliation. that is the best interest of the crown and that is the way they're trying to proceed. stuart: is it really in the best interest of the crown to admit that a young man who has called the royal family racist? is that in their best interests?

i don't think so, sorry, hillary. >> yes, you're right, you're right about what he has done. the question is, stuart, do you want more of that? do you want a cannon rolling around that could explode at any moment? that is the idea to prevent that rolling around cannon, to smooth the waters and pacify you know who. stuart: if you have to, send him back to california. hillary, great having you on the show. i am sure you will be back soon. >> thank you, stuart. stuart: you got it. still ahead, pete hegseth, texas congressman august pleuger, dan heninger. the mayoral election in new york city, the classic example of confusion and delay brought do you by the progressives. that is "my take" next. ♪

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>> reporter: wages, jobs, the president's report card is failing. we've seen more growth in the overall economy but it is not transferring to jobs. >> we vented a market that is by in may and stay, hold onto your positions, your stocks. >> my thought about the second

half is strong, stronger than normal, strength in the first half begets strength in the second half. we've been growing real gdp by 3% and anytime you grow above that it is not sustainable. >> the nasdaq has 16, 17,000 on the next leg but we are in the last leg but there's going to be more fireworks to go. ♪♪ one more time ♪♪ stuart: it is 11:00 am eastern time on this thursday july 1st. the second half of the year begins and the market is starting out with a rally, not huge but up 70 for the dow, 13 for the s&p and one for the nasdaq. i call it a modest rally. show me the 10 year treasury yield, bounced back up slightly, at one.47% on the 10 year, low below 150. now this.

in any election you want a simple voting process and quick results. unfortunately that's not the way our elections are going. new york city's mayoral election is a classic example of confusion and delay brought to you by the progressives. they pushed for ranked choice voting in a referendum in 2015, they thought this would illuminate candidates like donald trump, they didn't care ranking up to 5 candidates would be hopelessly complex nor did they care about the wildly incompetent board of elections so we have in new york is an election where it will take weeks to declare a winner. lawsuits are inevitable, they have already started and in this liberal bastian you can guarantee grumbling about race, gender, inclusion, everything except whether the candidate can run the city which brings us to hr one, the democrats's

nationwide voting bill, delay built into it. if it passed, election boards could cast absentee ballots received after election day. lawsuits and political mischief would become commonplace in congressional and presidential elections. in new york is quite possible the candidate with the most first-place votes would actually lose. what do you think that does the voter confidence that the election reflects the will of the people? to repeat, elections should be straightforward and the results should come quickly. don't put the correct -- progressives in charge. the third hour of varney continues. ♪♪ stuart: got this for you. democrat congressman peter defazio compared climate change to a military invasion and nuclear war. listen to this.

>> my route 66 socks. that is nostalgic. it was a great time in america, when we began the eisenhower program to join the country together with the national highway system. it was built because of fear of invasion by russia to move military equipment and fear of nuclear war to evacuate the city's. we have a new existential challenge which is climate change. stuart: a new x essential challenge, climate change, big sigh, take your time, p texas is with us. climate change as an exit stencil threat. what do you say? >> first of all, that democrat congressman needs to be canceled because he's commenting america before the civil rights act was enacted and therefore he must be racist according to the logic of the left. i don't know how he dares complement anything from the past, we are supposed to throw the passed away like you talked

about your fantastic take at the top of the hour. elections can be simple, straightforward, efficient and effective. that's not good enough, democrats want to make a complex, chaos benefits them and they point at race and gender and sexual orientation and everything else is the reason for the ills when actually it is the way they run things because they want chaos. as for climate change, x essential, it is a religion of the left. once you remove actual religion, actual values, actual church, actual believe in something you have to feel noble about yourself, you are doing something big with our forefathers fought for not season world war ii, we are going to fight the weather and we are going to treat it as if it is something we have to control everyone lives in order to accomplish. guess what, we can never be held accountable for the results because it can't be calculated. an enemy without a face, with costs that are astronomical and

the elites and the technocrats get to be in charge of telling you what you can drive, what your house is going to look like, what kind of meat you can eat, every aspect, the perfect trojan horse for control. it is not existential, the threat of the left is existential. stuart: it is a trojan horse which allows government, the progressives to control everything you do. i am going to change the subject. dogecoin surging, certainly up after elon musk tweeted about baby doge to the tune of baby shark. does this embarrass crypto investors like yourself at all? >> i don't know what it means. i don't know what a lot of elon musk says means.

is he trying to build up bitcoin he likes? who knows? elon musk knows a lot of things i don't know. he thinks differently than a lot of people which is why he will be in space when we are in studio. what does it mean about crypto? brings more attention to a sphere which is in its infantile stages. doge started as a joke, we will see that ends like one. stuart: where do you get your energy from? it has been a long week, boiling hot outside. is going to show me something. >> diet mountain dew, you drink half the case today, you're good to go. stuart: i've not had a cup of coffee in 3 weeks. i gave it up 3 weeks ago and still got a reasonable amount of energy. take a lesson. i want you to have a great fourth of july, have a blast and see you soon i hope. >> happy independence day.

back to the markets. i want to see some green, i am seeing mima stocks, the dow, and s&p and nasdaq on the upside, the dow is up 34, 595, it is getting up there, dow is up 90, nasdaq, s&p up 12. five consecutive record highs for the s&p. if it closes there he will be the sixth in a row. andrew left is back, good to see you again. hope you are doing well. think we are paying too much attention to mean stocks? what should we be attending to? >> the market has given a surprising amount of airtime to the mima stocks as facebook, netflix and amazon as you know are flirting near highs, technology leading the way is the younger people who started

to invest with good investments, big tech has been leading the way. >> one thing stood out to me, the tv people. >> they are the third-largest television manufacturer in the united states, people learn from roku, one of the top performing stocks, understanding how we are consuming it. they are adding an ad platform, to be many roku, over the next few years and the stock should do very well. >> you own it, you think it is going higher. i see the bottom, what do they do and why do you like them? >> i'm bringing up these

stocks, microsoft to sell them, names you don't hear about, so the leader in customer experienced software, by all the fortune 500 companies the way we interface on a consumer level, the ipo, intrinsic to any business that is growing. stuart: we don't have time for digital ocean but we are following for you. lauren is following the movers including micron. >> strong earning, strong

guidance, cut to hold. stuart: that is micron down 5%. >> they raise the earnings guidance, administer 25 million vaccines, 13% of all shots administered so far in the us but don't expect that to continue, they are the worst two performers in the markets right now. stuart: general motors, i will talk about gm, good earnings reports. >> sounds great with second-quarter sales up 40%, you sold more in the quarter. stuart: of course. >> it is interesting it reminds me a housing market.

they are moving to the suburbs, there is not a lot of homes and cars to buy so prices go up. stuart: good economic analysis. >> maybe we should stay in the city. stuart: you are on a roll with this one. forget rocket ships. one company wants to take you into space in a giant balloon. i think it's a great idea. we have a person who is running the program on the show with us and will explain how this works and here is an old photo, olympian gwen barry smiling and draped in an american flag, the same athlete who snubbed the national anthem last week, a shift in attitude, isn't it? see what steve helton has to say. my next guest joined donald trump on his trip to the border. did trump's visitor college anything and what is next for border security? congressman august pflueger left on the show. ♪♪

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>> we've never had it worse in the history of our country. i just follow the governor, the lieutenant governor, we started building the wall, it is two months from completion and this guy stops it and that is tragic and dangerous for texas and arizona and every other state. it is tragic. dotted in those caravans are some of the worst people on earth. it is a tremendous -- it is also monetarily a tremendous --

talking about trillions and trillions of dollars. stuart: donald trump with sean hannity last night and our next guest was at the border with donald trump and governor abbott of texas was congressman august pflueger joins us. what do you think the trump visit accomplished? >> here is the thing. a private citizen who is not an elected public official at this time is doing more to get the awareness out on the truth of how bad biden's policies are for this country, biden has abandoned texas, abandoned border states. getting the fact out talking about the policies that were working and prevented these crises we have almost 1 million illegal immigrants who have been encountered just this year. it is estimated it will be 2 million by the end of the year. the policies we have right now, not only are they harming our country, our security but doing so much damage for the amount of drugs that are coming into this country. the exploitation of children,

the cartels that are completely using these bad policies to make money. stuart: i said before on this program and will say again, i got a lot of flak fort. i don't think the democrats want to close the border. they want that flow of migrants. future democrat voters -- that is a cynical point of view. >> that is a valid point. the night before the round table, 6-year-old left in the brush by himself are completely alone with no family around, cartels placing kids there in this superhighway approach and on the flanks a mile or less away on both sides of the mccallum border, drugs that are coming in at record rates. you have to ask is it to get the drugs in? all of these reasons we have to

ask these questions. stuart: you introduced a bill that would seal the tunnels used by the cartels that would go under the border. that is a great idea. why are those tunnels sealed already? >> you look at countries like israel and south korea where they found hundreds of tunnels in the last few decades, have to seal them and that is what the counter tunnel legislation does that puts a priority on the biden budget in 42 pages, nothing about border security in it. ceiling tunnels where you have drugs coming through and an example, big enough for a car to go through like a moped

sized vehicle. to transport drugs. that is how dangerous these tunnels are. stuart: your bill would provide money to detect the tunnels and feel them when we find them. detect, identify, detect, prevent and feel those tunnels. it is another example on day one of president biden's administration halted construction on the border wall. they are looking at title 42 to expel people, due to the pandemic. this is another example of counter tunnel legislation that would prevent that avenue of access for the cartels to use. stuart: thank you very much for being with us today. we will see you again soon. now this, and explosive report claims vice president harris's office is not a healthy place to work. >> it comes from politico and they interviewed 22 current and former staffers saying their ideas were dismissed, decisions that had to be made were drawn

out, they describe the enzyme and there is abusive, high turnover and it has been noted by president biden a lot of the tension being on the chief of staff that she feels her office too much, a little abrasive with some of the staffers. you have high turnover. stuart: that is a tough story bearing in mind the tough positions vice president harris has been in notably at the border. >> highlighted by the el paso visited that highlighted the disruptions as his political report gets a lot of attention. stuart: i wonder what president biden thinks about it. no further comment, the markets, not much change on the first day of the second half of the year, dallas up 60, nasdaq down 50, s&p keeps on record making up 7 points, 4305 right

now. national average for a gallon of gas $3.12, some gas stations are running out of gas and i think i know why. you can't get truck drivers to deliver the gas to the gas station. >> the worker shortage, you might see bags over the pumps but it is not a gas shortage, they don't have truck drivers to deliver the gasoline, there's a worker shortage in general but what happened during the pandemic when any for a but he was home, a lot of truckers relate off, a lot didn't come back to work because they found other employment or no employment at all so it creates cascading effect, offering signing bonuses, you need skills especially appalling chemicals are, tank truck driver needs to know how to do that. >> you need a clean license. if you have a clean truck

drivers license your golden. you can go anywhere you like and pick up all kinds of benefits and incentives. >> signing bonuses with 15,$000. one sidebar is the extraordinary increase in the new york city area sitting in jams. >> at any time you will sit in traffic. >> in the good old days of the pandemic. >> playing with my commute every day can't figure out the best time to come in or leave. >> come in at 3:45 in the morning. thank you, lauren was the original source code for the world wide web is now in ft, sold at auction. the democratic national committee put out a new commercial for the fourth of

july. >> july 4th, the american holiday, celebration of freedom. and this year there is more to celebrate. stuart: the democrats are pushing a positive and patriotic message after a year protests and riots. what is going on here? dan heninger sorts it out next. ♪♪ i brought you here to say ♪♪ the red, white and blue ♪♪ labradoodles, cronuts, skorts. (it's a skirt... and shorts) the world is going hybrid. so, why not your cloud? a hybrid cloud with ibm helps bring all your clouds together. that means you can access all your data,

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♪♪ stuart: you are looking at capitol hill where is 86 degrees, probably going up from there. a fox news poll shows 65% of voters believe the irs is too powerful. edward lawrence, you have exclusive information with the irs is doing to hunt down people who don't pay their taxes. >> some folks believe their weapon rising the irs with

senator ted cruz among those that believe that. it depends on who you ask. one priority of the administration is to collect more taxes. the irs has started moves as using tax schemes to $441 billion from the treasury between 2011, and 2013. that is our data, the current irs commissioner believes it is more now. they will target high net worth, crypto currency and tax revenue schemes with different divisions. it is up and running outside the biden administration beyond retirement. the money from this fiscal year budget increases 3.6% for this

year. the biden administration provided a 10.4% increase in the fiscal budget for next year as well as $80 billion under the american families plan to help further expand those operations. evil is to squeeze several billion dollars out of people the irs believe is evading those taxes. the bottom line is we will see a very active irs in the future. stuart: see you again soon. the wall street journal op-ed, who owns the fourth of july? revising patriotism, the woke left spent last year tearing down monuments to revered americans. dan heninger joined me now. who owns july 4th?

>> for every year since 1776, july 4th, the answer was pretty clear. every american owned the fourth of july but roll the tape to last year and suddenly we have what we call a new narrative. a year ago we were living through the pandemic, the economy was shutdown, people were told to go home and then we had the protests, often violent protests after george floyd's murder going through the summer and then some members of the american left decided the moment was exactly right to start tearing down or defacing monuments to revered americans, george washington, abraham lincoln, andrew jackson, thomas jefferson, they argued the country did not start on july 4th, 1776, it was founded in slavery in 1619 and this was a narrative that under the circumstance truck a lot of americans as more than they could handle. it was hard enough living through the shutdown economy,

now they were being told their country's entire founding was being redefined and there was pushback. school boards, and the revised history, a very good sign in the fourth of july weekend. stuart: they went too far with so-called progressive ideas. you got that right. we ran a commercial the democratic national committee. it is about july 4th. flag-waving and patriotism, they are trying to come back from the other side. >> the dnc realizes they had a bit of a problem. basically, giving president biden credit for vaccinations. the biden white house has been

expropriating the ideas that the vaccinations, the country is emerging from the pandemic, it was operation warp speed created during the trump administration that got those vaccines created as quickly as they did. it was also the fact that while many people were at home in the past year front-line workers in hospitals, drug stores, supermarkets, delivery people were keeping the us economy afloat with or without president biden. those are the people we should be commemorating the fourth of july weekend. the parades are back this year. many americans will be celebrating the founding of the country, july 4th, 1776. stuart: july 4th, 1776. hope you have a great fourth weekend and all next week, see you soon, thanks very much.

back to the markets. this is the first day of the second half of the year. great first half, the second half down up 69, s&p up 10, new record high right there. the world wide web, the original, remember that? it was george bush debating out gore, george bush said how come if you invented the internet everything begins with ww w? it was george w. bush. >> you have the best memory. stuart: i can number 20 years ago but yesterday is a blur. the world wide web's original source code sold as an nft. >> $5.4 million, a lot of money. it started at $1,000. what is an nft? a nonfungible token it represents the original source code for the world wide web

written in 1989. the market determines taking bidding from 1000 to $5.5 million and auction houses embrace crypto. stuart: i can understand it. if that is the original source code that got this internet thing going. >> you want a piece of it. stuart: understand its value. the rarity value, created this extraordinary thing and you have nft to show it, that is the original thing. i can see the value. what was the blimpy guy? he sold nft -- he got $69 million for something but the source code only gets five. >> very good point. >> a huge difference. i'm in the wrong market apparently. katy perry is launching it for her fans. stuart: why not? >> you can't -- >> you can't have a beetle nft.

it wasn't the digital age back then. maybe you could. >> i am on it. i will find out. stuart: los angeles wants everyone to wear the mask whether they are vaccinated or not, inside outside doesn't matter. steve hilton calls that a manufactured panic. interesting perspective and he's on the show to explain. how would you like to throw the first wedding reception in space? one company think their space balloons could be the first -- perfect venue to say i do in the champagne as well. i will talk to the ceo and founder of space perspective after this.

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♪♪

stuart: lauren is killing me. don't care about the cruise ship into space, lauren is killing me. i said it is my birthday next week, i said how old i was going to be. can you believe that? >> you have been saying you were in your 70s for what feels like a decade so i thought you would be closer to the next decade. >> let's have a look at astra space, distorted trading in the nasdaq, nice gain at the opening there. it will be able to launcher wants to be able to launch one rocket per day by 2025. version orbit, launched its first satellite into space, took up under the wing of a

modified boeing 747, and down 4%. and you will take a trip to the final frontier, you are the company, on the left-hand side of the screen that is a capsule, and describe for me the typical spaceflight you are offering, 25,$000 about. >> it will take off from kennedy space center. it is where i'm talking to you from, you go at 12 miles an hour, takes 2 hours, and a test flight a couple weeks ago where we take off from here, transit over florida, that takes

another two hours floating at the edge of space, from the bahamas all the way to the panhandle of florida, slowly descend, takes another two hours, 6 hours total flight time, splash down next to a ship in the gulf, a space x capsule. get out and celebrate your flight, very gentle. stuart: it is a gentle way to get to the edge of space. 125,$000 per person, eight people in the school with a pilot in the capsule and the pilot on the ground, you will serve champagne, somebody could book the entire capsule can all eight spaces and get married in space and have a wedding party in the space.

is that part of your marketing campaign? >> absolutely. you can go to spaceperspective.com and reserve that apps. and talk to our agents and talk about setting up events but that is one of the great things about having hours at the end of space, you can do these events. you actually have the time to have that astronaut experience, in the blackness of space and being with your best friend. the reservations we are getting, people booking the entire capsule for their friends and the people who are going, how this is bringing people together. stuart: you opened my eyes to gentle space travel, you have a good thing on your hands. come back and see us soon please because that is interesting and we appreciate

you being here today. take a look at the market please, we are a financial show primarily. the dow is up 75 points, 34578. then there is this. olympian gwen barry turned her back on the american flag during the national anthem. steve hilton is a newly minted us citizen. i know he's not going to be happy about this and we will discuss it after this. ♪♪

♪♪ stuart: okay. >> a little bit older. stuart: i am much older as you now know. i look even older than i am. let's talk about britney spears's conservatorship case. doesn't look like things are going well for britney. >> she named jamie spears her competitor for $60 million, that was denied by a judge.

that motion was filed late last year separate from the emotional testimony we heard from a week ago. the specific motion in the next hearing was july 14th. britney is not in control of her personal decisions or her fortunes or the hours that she works or if she wants to have another baby, she wants her baby in charge of half of it and another one, judy montgomery in charge of the other half and she said enough is enough. stuart: that has not changed. >> they will fade file another motion of the public is behind her. we will do the court says in response to this motion. stuart: a 40-year-old woman with a $60 million fortune can't make a doctors appointment or do various things on her own, can't renovate her own kitchen without asking permission. i will show you a photo of the elliptic athletes, gwen barry, there she is probably holding

the american flag, that surfaced days after she snubbed the national anthem. actress rose anna arquette says this. i don't know about you but if the flag and star-spangled banner comes around me i kneel in solidarity and will for the rest of my life. steve hilton with us. you've just become an american citizen, newly minted, fresh off the boat sort of. what do you think of this? this infuriates me. what about you? >> the thing that most enrages the was what jen psaki said from the podium of the white house speaking for the president of the united states and said it is okay to disrespect the flag and the anthem because we haven't lived up to our highest ideals was of course we haven't. they are very high ideals, that the point. we work towards them. even as we acknowledge there

are things we need to improve is there a single person, jen psaki or any of these activist celebrities and so on who can name a country in the world that gives more opportunity to people of all races and backgrounds than america? there isn't one. there is nowhere in the world that comes closer to what they say they want which is equal opportunity for everyone of every race than america. instead of denigrating america we should celebrate america even as we acknowledge there is more work to do. stuart: would you go one step further and say gwen barry cannot be a part of the american olympic team? >> i don't really care about that frankly. that is something -- i don't think we should be micromanaging those kind of decisions. i don't understand why she wants to be in the us olympic team, she wants to represent

the country on the one hand through sports but on the other hand wants to denigrate the country, to me makes no sense. stuart: here is one other thing that i am sure is upsetting you. we talked about this before but i'm sure you are hot under the collar about it. los angeles county. >> if i had a collar. stuart: i have never seen you in a collar yet but if you did have one you would be terry it up. la county asking vaccinated people to wear a mask, help stop the spread of the delta variance. i read your stuff and your calling this manufactured panic. make your case. >> that is exactly right. manufactured panic. what it is, they are seeing the delta variance as a lifeline for the bureaucrats and the technocrats and control freaks and authoritarians who want to micromanage our lives forever. they want a permanent pandemic, they love the control they have accumulated over our lives over the past year and this directly

contradicts the cdc guidance which says if you have been vaccinated you don't need to wear a mask. for a year or so we have been lectured by these people about following the science and listening to the cdc. now they are completely ignoring the science and the cdc because they want to keep controlling our lives and micromanaging it in this way and it is important we fight back against it. stuart: we will be watching your show the next revolution at 9:00 pm eastern on sub -- sunday only on fox. maybe you want to deal with the return of prince harry after the ceremony in london. just joking, giving you something else to get hot under the collar about. see you soon. i've got this trivia question. approximately how many pounds does a cloud way? doesn't it depend on the side of the cloud? surely, average cloud? where do you get an average cloud from? we will give you the answer in a moment.

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one! two! three! four! five! 72,807! 72,808... dollars. yep... everything hurts. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ stuart: look, we asked you this ridiculous question before the break, how many pounds does a cloud weigh? surely depends on how big the cloud is, isn't it? the official answer is 1.1 million pounds. i think that is the most ridiculous trivia question we ever asked. but lauren is with me. >> i know. stuart: how many balls of string does it take to reach the moon? lauren: oh, jeez. how many? stuart: one if it is long enough. lauren: i don't h don't think

about that. the google about the cloud question, it says 1.1 million when you google that question. even google says it depends on the size of the cloud. i oppose the trivia question and your follow up. stuart: i got the trivia question wrong for the past week. i'm a negative roll. guess what, my time is absolutely up. in two seconds i'm out of here. neil, it is yours. neil: all right, stuart, thank you very, very much. we are focusing on a couple enlotspm rre whe whe hees id ent widasenidenoo t ectly,omine toagheuildg. tmirighp t bght limit famieefside weet o getor 18 ll unacc uor.oror le gt'ososhwele iwebsnside wsidt