last year. we expect that to increase 10 to 12% in 2025. it's no longer just a large company issue and you have huge m&a activity in the space, buy cyber. maria: all right. steve forbes, allie mccart mcca, it's been my honor and pleasure to be with you this morning. thank you for watching. we'll see you tomorrow. stu take it away. steve: let's get to the inflation news. producer prices, prices at the wholesale level, the baseline for what you pay as a consumer, up 1% in july. that is a strong pace. year over year, producer prices rising 7.8%. let's get straight nature get re. the dow industrials will be on the upside but only just. they did hit a new high yesterday. the s&p also hit a new high yesterday, and when those inflation numbers came out, it turned south. not much, down a mere 2 points.

the nasdaq, though, down 29. bitcoin back to a 44,500 bucks and the 10 year treasury yield -- let's go through it quickly. this is a reaction to the inflation number. 10 year treasury yield is up 1.37%. all right. that's the markets. politics. later on today, homeland security secretary my i don't remember cass, he goes to the bore -- new year's day major cass, he goes to the border, as the they confirm it's a 20 of year high. in laredo, texas, the mayor called a public health crisis. he's bussing 200 a day out of his city. they're not tested. even though many are covid positive. my opinion? biden doesn't want to stop the flow, the democrats are deliberately bringing in future democrat voters. just my opinion. well also have the cattleman's association on today. they're going to make an announcement about climate neutrality for their industry in 2040. okay, that's fine.

what are they going to do about cow flatulence which is a leading source of carbon emissions. what a show we have for you. thursday, august 12th, 2021, "varney and co." is about to begin. ♪ steve: susan insists that she is not going to talk about cow flatulence this morning. i don't blame you. [laughter] steve: you know what we've got for you? >> high bar already. thank you for starting that off. .>> you know what we have for you. new details about a soccer superstar's deal. his deal package, the package of his deal, it includes cryptos.

that's what i want you to talk about. >> did you write the intro or did somebody else write that for you. >> somebody wrote it for me. >> you delivered it so well. it's part of the welcome package. think of it as a signing bonus, it will be paid by some of the psg fan tokens, volumes topping 1.2 billion in the lays leading up -- days leading up to the signing. >> you mean 1.2 billion for the psg tokens. >> they have exchanged hands, trading volume of the psg tokens it's serious money, up 130% in the days leading up to the signing, talking about 50 bucks apiece, that's the last i checked on the crypto sites. that's real money that's being paid and bought into the tokens. >> i find it fascinating that the world's greatest soccer star of the moment wants bitcoin or crypto i should say, crypto -- >> it's not bitcoin. >> it's the psg token, to be

part of his compensation. >> it makes sense. think about it. if you're signing mesney, you know he's going to bring in a huge legion of fans. he's getting paid $41 million a year. if he gets some of that in the psg tokens, i think he deserves it. >> his fame brings money to the tokens, so he benefits. >> right. >> you straighted me out. isn't that an interesting way to start the show, cow flatulence and mssey with crypto. >> i want to go into the hack. looks like the hacker group said they did it for fun. they returned 300 million of the 600 million that was stolen. i tell people 2021 very different from 2014 when $400 million was lost. this time around the crypto community will gather together to say we know it's stolen,

we're not going to execute this and we're not going to release the coins. >> i figure that good news. this is a great opening to the show, isn't it. we need to bring in dr barton. let's get this thing going. dr, where are you? there you are, lad. i know you're still bullish, p but i'm going to tell you again that i'm nervous, i'm constantly nervous, the market just keeps on going up. it can't go up forever. what am i to do? >> i hear your nervousness, stuart and here is the way i'm looking at things. sometimes investing can be very simple. it's never easy, i think, but at times like this it's very simple. there is so much money coming into the market still and still so much money on the sidelines, this number keeps blowing my mind. as of the second quarter of this year, 10.9% of all disposable income was going into savings.

that's nearly triple the number that we've seen in decades past. there's still lots of money to come in and bouy this market, stuart. >> every morning i walk in, i see the market going up, and i get more and more nervous. and we bring in dr, he holds my hand, he makes me less nervous, less anxious and i'm a happy guy. stay there, please, dr. i've got something else for you in a moment later. have a look at this, please. you're going to look now at price hikes in the month of july and what areas went up and by how much in july over one year ago, i take it. now, we've got a new fox poll on this, susan. why don't you break down the poll. >> it says 85% of those surveyed are concerned about inflation. are you surprised? they should be. you saw producer prices today, you think those companies aren't going to pass on price hikes to consumers? consumer prices we know are still rising the fastest rate in 13 years and when asked about what they thought was causing

the price spikes, 86% blame covid. roughly the same say government policy, regular ups and downs. when asked higher prices cause hardship for the family, most say grocery prices were hurting them, same thing for pump prices, paying 3 bucks more a gallon at the pump, the highest since 2014. housing costs cited by 50% of those responded. >> inflation is obvious, everybody feels it. let's bring dr back into it. we'll listen to what the president said about inflation and the fed. >> right now our experts believe, the forecasters agree as well, that the bottlenecks and price spikes will reduce as our economy continues to heal. today's consumer price report points in that direction. we will keep a careful eye on inflation each month and trust the fed to take appropriate action, if and when it's needed. >> all right, dr, come on in again. the president agrees with the

federal reserve that inflation will fade when we get past the bottlenecks and all the rest of it. do you agree with that? will inflation fade? >> i believe that inflation will -- it cannot stay at the levels that we're currently seeing. we're seeing these 4% and 5% numbers, stuart, it will fade off of that and i have to disagree with my fellow delawareian, president biden, when he said the cpi is giving us that indication. it's one point after this thing has been zooming up. i think inflation is definitely going to be a problem for the markets, stuart, just not yet. we have months, maybe even several quarters before the markets are really going to get their undies in a bundle over inflation being a big problem. >> we'll see you again soon, dr. appreciate it. we have some earnings reports

out before the bell today. clover health investments is up 21 -- it shut have been a good report. >> meme stock favorite if you remember on the wall streets bets page. they're presenting a pretty big open, it's a provider of health insurance. they lost over $300 million in the springtime, the sales did double and so did sign-ups for coverage at 129,000. another mover, palentire, the sales were up 50% from last year and they're predicting better sales this summer. we know it's a big data company that has been created with funding of -- expect sales to grow over the next four years,. >> they've got information on just about everybody on the planet. >> they can predict how many chocolate bars you will buy. isn't that incredible. >> one more for you. neo. >> the chinese electric car startup, losing less money,

sales doubling. they delivered almost at many cars as tesla did in china last month in july. the catch-up game is there. everybody is hobbled by the chip shortage. >> they are the amazon of china? >> they are the google of china. it's the same tech -- >> technology. [laughter] all right. now the fda expected to give the green light to some people, maybe vulnerable categories, for a third dose, i guess that will be a booster. who gets it? >> for those with compromised immune systems, they probably need more protection, as we know, more vulnerables are getting covid, we're talking about people with cancer or hiv, those that have immunocompromised systems. >> and they're making recommendations for pregnant

women. >> yes, that it's safe to get the vaccine, it does not increase the risk of miscarriage. the risk of severe disease while pregnant is worse. that outweighs everything else. there's been no proven effects when it comes to breast feeding. >> thanks very much. check the few churs, please. in the green, mostly. but the nasdaq is going to be down a little. want to know how the governor of california, gavin newsom, really feels about his recall? listen to him snap at reporters. watch this. >> everybody outside the state is [bleep] the state because of our success. >> success? was about the people fleeing in droves? how about high crime? we'll hear more about the testy exchange coming up. former hud secretary, dr. ben carson, thinks the administration's new eviction moratorium moves us closer to, quote, a totalitarian type government. that is very strong stuff and

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and nasdaq. companies continue to update back to work requirements for employees, in fact, they continue to delay going back. what's the -- the new york stock exchanges -- susan: they're going to require full covid vaccinations for any access to the iconic trading floor as of september 13th, so that's just in four weeks time, not even. the stock exchange said there will be exemptions granted for medical or religious reasons, but they are expanding on-site random testing as well. not everybody is expected to get vaccinated for certain reasons then you should be tested. stuart: the have they delayed the back to the trading floor. susan: september 13th is still it. mcdonald's did delay back to the office for headquarters staff, october 11th now and they have to be vaccinated at the headquarters and mcdonald's. this doesn't apply for the restaurant level workers. this is corporate level. stuart: amtrak?

susan: they're requiring staff to get vaccinated as well or you face weekly testing. all employees have to be fully vaccinated by november 1st and new hires only have -- i think they have a month less to get vaccinated for new hires. stuart: the push is on to get vaccinated. i can see it. the biden administration extended the eviction moratorium. you can't throw renters out, you can't evict them. let's bring in former hud secretary ben carson, i should say dr. ben carson. at one time he was the greatest brain surgeon in the world. he is with us this morning. you say the eviction moratorium moves us toward totalitarian type government. that's strong stuff make your case. >> it is a serious situation. one of the things about our country that is so important is that our forefathers, our founders recognized that there is a tendency for people to want

to dominate others and for a government to try to take control of societies. that's why our constitution was written the way it was with the separation of powers. now, the supreme court has already ruled that the executive branch does not have the authority to impose this moratorium on eviction and yet the administration has said we're going to do it anyway. and who is going to stop us? and once we begin to break down that separation of powers, we've got a real problem on our hands. stuart: what's the end game here? i mean, what happens to the landlords who -- the money isn't coming in and they probably can't get it out of the renters, what happens to the landlords? >> the people who think that they're doing renters a favor by continuing to delay their responsibility to pay their landlords don't recognize that

all they're really doing is creating dependency. and those landlords, if they go out of business, who is going to provide the housing? it's not just going to magically appear all of a sudden. our system works and we have also so many employers who are looking for employees now. that was different. and they can go out and get a job. what we need to do is be helping people, empowering people to climb the ladder of opportunity in this country. it's a fantastic place. and if we recognize that and if we facilitate that for people, it can be good for everybody. but in order to change a system fundamentally, you have to create great, great disruption and that's what's happening right now in our society. stuart: doctor, i just want to bring this to your attention. jen psaki was asked if president biden added to vaccine hesitancy, here's what she said in response. roll tape.

>> as the president tries to reach unvaccinated americans, has there been any thought given, looking back, to the possibility that he may have created some vaccine hesitancy when the president said i trust vaccines, i trust scientists and i don't trust president trump and at this point the american people can't either. >> he still doesn't trust donald trump. that hasn't changed. at the time, just for context, the former president was also suggesting people inject versions of poison into their veins to cure covid. stuart: do you think that was fair? >> it is so incredibly unhelpful to be making statements like that, particularly as the president of the united states or as the vice president who said, you know, i don't want to take it if donald trump is responsible. you know, these are such unhelpful things. that's not leadership. that's creating anarchy. stuart: doctor, i just want to ask you, are you enjoying your

retirement from the cabinet and the white house? >> well, let me put it this way. we're having a lot of success with the american cornerstone institute, helping people to understand that we, the american people, are not each other's enemies and that there are certain cornerstones that made us into a great nation and we should not reject those. stuart: well said, doctor. always a pleasure having you on the show. don't be a pleasure. come back soon. thanks very much. >> thank you. stuart: quick check of the market, we open it up in 8 minutes' time, the dow is going to be up, s&p and nasdaq down. we'll be back. ♪ as someone who resembles someone else... i appreciate that liberty mutual knows everyone's unique. that's why they customize your car insurance, so you only pay for what you need.

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stuart: all right. we open the market less than four minutes time and we're going to be up for the dow and down for the rest of the market. cryptos, you always have to check them every single day, we check them. bitcoin, light point, down today. here is bill baruke. welcome back to the program, bill. i happen to know that on sunday you sold some bitcoin. you sold 25% of your crypto

holdings. why did you do that? >> listen, we had a nice run off a nice base and ultimately what we've seen is the price action retrace back into the selloff in may. it also alliance with some -- aligns with some of the lows when the market was chopping around at elevated in levels in april. it's not uncommon to see where bitcoin rallies through the week as market participants are shut out of stocks and futures and commodities and they look at crypto for additional trading abilities and then you see a little bit of selloff heading into the week. i'm looking at the week ahead. we have cpi data, ppi data, a lot of inflation, infrastructure talking that's included discussion on crypto. for me it was managing the risk for the broader portfolio as well. stuart: if you sold some of your crypto, did you buy some stocks? >> not yet. i mean, i think we're getting a little frothy up if the market. i'm fully invested in stocks,

but i do have protection at these levels. now, there are some names that i looked around if the regional bank sector and added some positions because i'm very bullish on the banks right now. stuart: do you run across a lot of people like me who are in retirement age, they've got some money, and they're scared stiff about this market which seems to go up constantly. i am always anxious about the market. you run into people like me a lot, don't you? >> every day. every day. that's one of the reasons why we like to use protection within portfolios in times like this where you get frothy and get creative with some of the option structures that we do use. stuart: okay. so should i consider selling some of my stuff so that i can sit back and go to sleep at night and sleep easy? >> that's a real tough question to answer here, you know, one on one, but broadly speaking. stuart: with a million viewers watching, i know what you mean. >> it's always important to rebalance your portfolios for the individual themselves to

stay comfortable with the amount of assets they have allocated to risk on in equit as well as the overall balance in the portfolio. stuart: give me some advice, i want serious advice here, bill. i won't hold you accountable, believe me. i made a lot of money in microsoft over the last 20 years. i'm worried about it going up any more. i'm worried about it going down sharply. should i sell half of my microsoft? i'm 73 years old. i can retire any time i like. what should i do? >> microsoft is one of our largest -- [laughter] stuart: i've got you on the spot, bill. >> i would suggest if you are personally uncomfortable with the amount of money you have invested in any individual stock, it's time to trim it. you want to take a look at your portfolio as a whole. what are your income needs on a monthly basis or quarterly basis. you have to factor a lot of that in. when it comes down to it, if any individual is uncomfortable about the amount of holdings they have in a stock they should

be looking to reduce it. but let's look at the broader portfolio. how much do you have invested in equities in general? are you a 40/60 investor? i doubt you're an 80/20 aggressive investor. stuart: i'm actually 90 slash slash/-- 90/10 investor to be honest with you. it is now 9:30 on a thursday morning. august 12th. grouse shooting begins today in britain. susan: thank you for the update. stuart: it's a slow news day so there you go. we've opened down but not much, down on the dow by 12 points, roughly 50/50 split between winners and losers among the dow 30. s&p 500 also i believe on the downside but not much, down 10.6%. and the -- 0.6% and nasdaq down 0.3%. dow being up 24 points, new all-time high. it's actually reached 35,500,

how about that. that's -- the market keeps going up. susan: why does that make you nervous? at some point the music stops and you want to make sure you have a chair to sit on. stuart: nothing goes up forever. i've seen a lot of nasty selloffs. i don't want to be caught holding the bag in a nasty selloff when i'm about to retire. susan: do you think that will happen when they're printing stimulus at the federal reserve. stuart: it could. if we get higher inflation, interest rates start to move, i think the market will react negatively. susan: they're not expected to move until 2023. stuart: you know how i feel about expectations. [laughter] susan: you're just being conservative. stuart: i guess i am. the nasdaq is down i see on the screen right there. how about sonos, the audio and speaker people, they are up 9% this morning. susan, i think of them as a meme stock. rightly or wrongly, i think of them as a meme stock.

susan: they were officially a meme stock on wall street bets. it might be a good short but you had a surprise profit, they proved everybody wrong that's why you have the short squeeze. they're up 10%. they made almost 100% more than wall street anticipated in the spring team. strong sales, full year guidance, people are buying the speakers. stuart: 100% more, they're doubling. susan: they were expecting a 17-cents loss. stuart: micron, they are down nearly 5%. i guess they got a downgrade. susan: they got downgraded to equal weight. you still have 4 bucks up there. this is a boise, idaho chip maker. morgan stanley has sliced their target price by 30 bucks because they say winter is coming for the global memory chip sector, especially with a lot of competition from south korean chip makers. stuart: do you think it has a

bigger impact if it's a major league investment firm like goldman or morgan. susan: of course, influence. i would say it depends on the analyst as well. some analysts are more respected in different fields. stuart: this is for you, elon musk tweeting about supply chain limitations. susan: it's impacting everybody as you can imagine with the chip shortage. he named names. he said tesla is operating under extreme supply chain limitations, including standard and auto chips, most problematic by far is a japanese supplier and bosch. he just touched down in berlin to meet chancellor angela merkel who is leaving office soon. but he's trying to ramp up the berlin giga factory which is supposed to start this year. stuart: it has been delayed. susan: do you like my german accent? angela.

stuart: i didn't recognize it. vroom, the online marketplace for used cars, they sold more than ever in the second quarter, 18,000 in that quarter, up 172% from a year ago but the stock is down, why is the stock down? well, they sold 18,000 vehicles but they lost 66 million bucks, down she goes. lordstown motors, the electric vehicle people, they got some good news. susan: that's right. this is surprising because they are on track for limited production of its endurance electric truck. pickup truck by the end of september. still expecting deliveries in 2022. remember hiddenburg research that took down milton at nikola, they said the same thing about lordstown, they're over-inflating production capabilities. stuart: but they'll get the truck out. susan: apparently so. stuart: ebay's active buyers, fewer in number. the stock is still up 1%. how many dropped off the

platform? susan: 2%. they have 159 million active buyers but still a drop from last year is never a good sign as you can imagine. they still beat when it comes to profit. they're forecasting lower sales in the summertime and beyond because the covid boom is cooling off. stuart: they got competition or just the covid boom. susan: well, that, people saw amazon as well. people say it's hard for comparables to last year. stuart: the dow is only up ' points. that is down 5 points. goldman, morgan, travelers, apple, boeing, the financials have been doing very well recently, goldman and morgan top the active list of on the dow. s&p 500 winners, cooper companies, moderna's up there with a 2% gain. the gap is not -- it's not the gap, it's gap, inc., they are up 1.45% so some active stuff there. the nasdaq, are we going to see big techs on the list.

susan: ebay. stuart: not big enough. they're not a fang stock, they're not on the list today. you're looking at some of the other movers this morning. work horse, what does this do? susan: we're talking about electric truck makers. work horse has a pilot program with the usda for some of these small unmanned ariel system and work horse is one of the electric truck makers we talked about in the past. stuart: ariel systems? susan: yes, ariel system for usda, natural resources, to make sure the crops are doing well. stuart: more from the electric vehicle people. nikola. susan: $2 million grant from the department of energy. the company is still going ahead with their hydrogen powered trucks. stuart: wendy's got an upgrade. susan: the cheeseburger -- stuart: bacon jalepono cheeseburger. you have to get the cholesterol.

susan: it's layered in a specific format. upgraded to outperform. they lifted their dividend and they're buying pack shares. stuart: lyft. susan: upgraded. it's a buy. they said they are now profitable outside of certain expenses. the ride hailing business is recovering. stuart: 7 minutes into the trading session this thursday morning and the big board shows a minor league loss, down 7 points. earlier it hit a brand-new record high, moving above 35,500. how about the ten year treasury after bearing in mind we have the producer price index inflation this morning, it's running hot and the 10 year treasury yield moved up to 1.37%. price of gold down 10 bucks at 17, 43. one more check of the cryptos. bitcoin right now 44,500. that's the markets. it is a catastrophic crisis at the border. and you'll only hear about it on

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stuart: amazon always seems to be expanding and it's expanding now in both florida and kentucky but susan had a conversation with an amazon executive about the requirements for going back to amazon vaccines and masks. what did she tell you.

susan: i spoke to holly stevens, one of amazon's top executives who is in charge of opening up the fulfillment centers and hiring 400,000 the past year. workers have to wear masks. here is what she said when i asked about vaccines in particular. >> because of the delta variant spread and the concerns over covid, but amazon from your perspective you don't foresee anything that mandates vacation vaccinesfor workers coming back. >> not at this time. various states are making different decisions on that. we will make decisions that are best for the safety of our employees with the information that we have which is constantly evolving. susan: so she's also buying $120 billion from u.s. suppliers this year, that's up 20%. and i asked about being too big. there are allegations of anti-trust. she says it's no secret, yes, we are a big company but do we get cheaper prices, not necessarily. you know, $15 is the minimum

wage. that's a starting end. it could go much higher than that and they have 30,000 job openings right now they need to fill after hiring 400,000 the past 12 months. stuart: 30,000. susan: 30,000. stuart: and starting pay, 15 bucks an hour. susan: what about other fulfillment centers, the billion dollar facility they opened in kentucky she said i can't give you all my secrets. you can imagine this is the peak season for opening fulfillment centers. they opened two in san antonio. i feel like they're going more to rural parts of the country. stuart: getting ready for christmas. i want to bring in greg smith. i read his stuff. and he has the audacity to say that big tech may soon come under pressure and soon. now, why are you saying that and what have you got info -- why have you got it in for microsoft? >> good morning, stuart. well, you and i a few months ago on the show we tried to coin a new investing axiom this year

which has been buy in may and stay and so far that has been proving to hold true as we see new highs. look at what's happening in the past few weeks. everybody's watching the 10 year. we saw the 10 year bottom out about a week ago but prior to that, three weeks ago, we saw a massive uptick in financial stocks. in fact, we've seen financial stocks break out to new highs and had a massive run-up. we know in the earlier part of the year that financials and the 10 year were trading in train t. we saw tech come under pressure. so i'm wondering are the financials going higher, that's leading people to believe that rates should be moving higher, so they're moving up ahead of rates, beginning to wonder is that going to begin to pressure technology stocks. so we saw spectacular earnings beats from these tech companies in the last few weeks. they remain under pressure. so i'm wondering is this a time to be a little bit cautious.

i own a lot of tech stocks. i'm not selling them but it might be time to be a little bit defensive if we are going to see a big increase. stuart: i want to ask you about this boot camp, an investor boot camp for kids that you've been running. what are you teaching them, how to trade on robinhood? >> hey, well, look, as you know, i believe in paying it forward and actually yesterday i held a venture capital boot camp for students. they ranged as young as 11-year-old felix to kids in college. i actually had 17 vaccinated students here in my office and i had many participate on zoom where we talked about venture capital investing, entrepreneurship and i want to thank -- i had three incredible founders of three of my portfolio companies, one was called hungry, the other players lounge and rares. io who participated in mock pitches to the kids as if they were raising capital and the kids got to sit there and hear the pitch from these companies and grow them on

questions and it was a fabulous real world and learning experience for these kids. so really terrific day. stuart: well done. well done. got to get kids young and get them interested in capitalism. nothing wrong with that. >> got to create the passion and teach with real world stuff as opposed to just in classrooms. stuart: let them make real money, that turns people on. greg smith, thank you for being here. we appreciate it. after the bell this afternoon, one big name company, walt disney, a couple of others of by the way, they're going to release their earnings. it's this afternoon and it's disney and what are we looking for. susan: disney plus and the number of subscribers. last quarter we ended with 103 million subscribers so i guess we have to go up from there, right. we are anticipating a profit, finally, since parks have reopened. but then how big of a profit and where do sales go. stuart: i'm more interested in airbnb. susan: you are? why. stuart: it's a whole brand-new industry, just comes on-stream in the last 15 a years.

the pandemic created an opportunity. i want to know what they're doing and how well are they doing. susan: they're expected to lose money. that's not surprising for a unicorn. they are expecting sales of one and a quarter billion dollars. travel is picking up again. stuart: i would have thought it would have been bigger. susan: i think one and a quarter for three months is pretty good. they have unearned fee as well. they use that as a calculation, accounting calculation, people canceling trips. stuart: tell me about sofi, financial technology, i know that. susan: financial technology. we'll see if they can make more than $200 million when it comes to sales because obviously fin tech and with the covid pandemic people are locked down so what are they doing, they're not going into the banks to borrow. maybe they're going to sofi instead. stuart: i miss the bank branches. susan: you do? and the line up to go to the teller? [laughter] stuart: i go at unusual times of day because it's strange hours that i work.

2:00 in the afternoon there was never a line at the bank. susan: but there's no difference doing it on the phone where you instantly transact. stuart: i like the human face, cash this check, please. susan: or you can scan it on your phone. stuart: whatever you say. i'm going to change the subject. susan: go for it. stuart: the incoming governor of new york kathy hochul vows to turn the page. miranda divine will take this on for us. they are begging opec to produce more oil. these are the same people who killed the keystone pipeline their first day in office. more on that, next. ♪

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stupid, the biden administration asks opec, foreign oil, to increase production while making every possible attempt to destroy cleaner american oil and gas. not just stupid but anti-american. i think that says it and i'll leave it there. however, look at the average price of gas around the country, it's at 3, 19 right now. as we always do, we quote california, regular, the average at all stations in california for regular is $4.40. latest inflation report shows gas prices up 41% from one year ago. so let's bring in patrick deheart from gas buddy. do you sense that gas prices right now are right close to hitting a peak? >> yeah, i think so, stuart. we are in that window which is closing rapidly as we start to get closer to the end of summer, everyone thinks of labor day as a depressing summer holiday.

demand for gasoline is close to hitting the peak. schools are going to start opening, some offices aren't going to start reopening just yet. i think the features of summer are slowly going away. that is going to demand to peak and to cause gas prices to eventually come back down. stuart: if we were to raise production in the united states -- i know the president wants to raise opec's production, but if we did it here would that make a difference to the price of gas. >> without a doubt. more oil on the global market would rein in prices. shutting down u.s. oil the first day in office and crawling to opec and hands and knee toss asking for more oil, but absolutely, no matter where the oil is coming from, as long as there is more of it we would see lower oil prices. stuart: i want to give you kudos. you were right. you were on the show three or four weeks ago, you said the

price of gas would go up maybe 20-cents a gallon. you got it right. we are now at 319, we were under 3 bucks when you said that if i can recall. if we're close to a peak, forecast the price of gas for me at the end of the year. can you do it? >> you only want good news or do you want bad news too. stuart: just give me the news. >> i think we'll probably go 10 to 25-cents lower by the end of the year, a lot will start mid to late september, so long as we can clear hurricane season. stuart: i hope you're wrong. thanks. we'll see you real soon. still ahead, miranda divine, florida congressman, michael waltz, greg bozel and mike huckabee. july, border officials encountered 210,000 illegal migrants. the administration does nothing. i've got an opinion on that.

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♪. stuart: okay. i will ignore the music. just say good morning, everyone. i don't like music. 10:00, eastern, straight to your money. the dow early this morning hit a brand new all-time high. it has backed off since then. we're down 60 and the nasdaq is down 44. looklook at the 10-year treasury yield, we're at 1.36% on the

10-year treasury. this follows some hot inflation news. at the producer price level it is indeed running hot. market doesn't like that particularly and we have the selloff in bonds. so we're down there. bitcoin down 2,000 bucks. $44,000 that is the latest quote on bitcoin. we just got this into us from the department of health and human services. they will require the jab for more than 25,000 of their health care workers. no timeline or deadline as yet. this followings the pentagon mandate for military people. we got the latest read on mortgage rates. good morning, lauren. what have we got. lauren: 2.7% t rose on the back of strong jobs data. the first increase in six weeks. 15 year popular refinance rate, 2.15. stuart: that is for the 30 year fixed, 2.87%. extraordinary. historically that is so low.

lauren: even if it went up for the first time in six weeks you can't complain about that. stuart: 2.87 is 2.87. case closed. lauren thank you very much indeed. now this. illegal border crossings at a 20-year high. the administration does nothing. the news this morning comes to us from the texas border town of laredo. the mayor says he is in the middle of a public health crisis. he says he has to bus 200 migrants a day to boston, houston. border patrol has not tested them unless they're sick. which means migrants, some covid positive are being distributed around the country. we don't have the official numbers just yet. a border patrol agent told fox's jonathan hunt that 10,000 people came across the border in july alone. the inflow is not slowing down. secretary mayorkas says biden's policies are working. speeding up the entry process. that is not the same as stopping

the flow. making illegality easier, making an open border easter. that is what is going on here a open border by design, by intent. democrats want a big influx of potential democrat voters. they want them in. when they are in they will press for amnesty and voting privileges. turn texas blue, it is their dream. i have to point out the obviously biased coverage in the media. when president trump got a firm handle on the border the press literally screamed at him, kids in cages, racist policy. that is all we heard for four years. now nothing. the media is barely covering the border crisis. why should they? they are in love with biden, if open boarders are his policy don't criticize. don't even cover it. secretary mayorkas will go to the border today with 210,000 migrants coming into the july alone will he say the border is closed or will he admit the truth. this is an open border and that

is what democrats want. the second hour of "varney & company" is just getting started. ♪. stuart: the economic news this morning is really dominated by producer price inflation. up 7.8% in the past year. the gentleman on the right-hand side of the screen is anthony chan. he is a economist and he knows what he talking about. tell me about inflation. the fed says inflation will ease and some of it will fade. are you in that camp. >> some of it will ease but not all of it. with did see the producer price index come in troubling today but we saw good news on core cpi. we saw good news from the bond market, the 10-year-year-old you

mentioned a few minutes ago, very low reads, research i have done finds whenever the core pce is compared to the bond yield you don't have a bond yield that is consistently so low. that is when it is this low eventually core pce goes down. the evidence does show that the inflation is transitory. i am concerned about the ppi number today. not one thing, stuart, we sort of reduce that a little bit. we have huge tariffs on steel. we have huge tariffs on aluminum. if we lower those temporarily, we can easily lower the producer price index. 20% of the intermediate prices today on the ppi was due to cold rolled steel. if we wanted to do that, even though, certainly some arguments against it on national security reasons, that is certainly one way to lower the inflation rate. stuart: okay. we're not that concerned about inflation at this point. we'll wrap it up with that. anthony thanks for being here,

always appreciate it. see you again soon. >> my pleasure. stuart: lauren is with me in the 10:00 hour. i think i said good morning to you already. you have got some movers, outdoor is the first one. what have you got? lauren: real estate. i can't read possibly these days. open door. lauren: up 12%. what they do is make near instant offers on homes and sell them real fast. easy algorithm. so many sellers are saying fine, easier, cheaper for us in the end. they bought 8500 homes last quarter that was more than double rival zillow. proof the housing market is super strong. stuart: they do the buying and they actually buy and sell. lauren: they get in, make out, make a profit. for some sellers less of a headache, maybe you can't get as much but save whole lot of trouble. stuart: wireless people, what do they do? lauren: up 6% because they raised the full-year forecast.

they watch video at home. theater like experiences investing in expensive speakers. stuart: i want to hear about bumble, you know that the dating -- lauren: look what happened. the stock turned lower down 7%. they gave a higher forecast for current quarter. they're seeing more paying subscribers. seems like there would be a summer of love for bumble. i'm looking for why this stock just turned lower. stuart: literally did. literally a few minutes ago. lauren: i would go with seconds on that one. stuart: seconds. we love to find out what happened. we'll try. show me bitcoin, please. 44 grand at the moment. do you know anything about lionel messi, signed a contract with paris team and will get cryptos. lauren: big contract, big endorsement for cryptos. we don't know how many but a large number of cryptocurrency fan tokens. stuart: his team, the team that they is joining they got the

tokens, that is what he will be paid in? lauren: exactly, some will be paid. it is included in the signing fee. not for every paycheck. it is for the sign-on fee. it is even good news despite the fact look at traditional cryptos. bitcoin is down today. after the big runup, ethereum, bitcoin, some others have had it is an exhausted market. maybe a little bit of an overbought market right at this particular time. stuart: maybe so. the news a leading athlete in the world takes part of his income in psg tokens from paris saint-germain football club. susan: lauren: different world we live in. stuart: totally different. gold prices, want to tell me about that? they're down this week. lauren: tough for gold right now. that is not a four-month low but they hit a four-month old earlier. despite the spread of delta you would think people want to get into the safe haven of gold. there is a one two punch.

the first punch is a strong dollar. makes it more compensate serves for people to buy dollar and other currencies. when rates go up there are other higher yielding assets out there might be more attractive to people than keeping your money in the safety of the gold. stuart: let's get back to "my take" at the top. hour. border crossings at a 20 year devine. miranda devine with us this morning. miranda, in my opinion, and this is very much my opinion, the administration doesn't want to close the border, they don't want to stop the flow, they want a large influx of potential democrat voters. am i out of line saying that, miranda? >> look i actually don't think that is out of line at all. i think it is insane what has been happening and you know the fact that you are having such a diss ister at the southern border and it is being ignored by the administration, that they have done everything they can

possibly do to facilitate this disaster. then they are sending in buses, planes in the cover of darkness, spiriting these people often secreting them around the country. when you add to that the fact that it's a covid superspreader event you can only think it is deliberate. because no one can be this incompetent. stuart: nobody can be this incompetent unless it is deliberate, you're right on that, miranda, you're right. let me turn to kathy hochul just confirmed she will run for governor in 2022. when she made her first address to the public since cuomo's resignation, she vowed to turn the page of her toxic work environment. what is the read on toxic work environment of andrew cuomo and how kathy hochul can turn it around? >> well i mean she already has

an advantage because she is a woman and the fact is, you know, whether or not you believe in this concept of toxic masculinity certainly by the end andrew cuomo was living embodiment of it. you know, i mean i felt always, i think a lot of people do, especially janice dean, that he really has never been brought to account over his terribly maligned actions during the pandemic, when he consigned thousands of elderly people to their deaths with that callous memo last march in which he insisted that nursing homes had to take covid infected patients. you know sure, you know, he seems to have been quite disgusting in the way he treated his staff, younger women.

groped them and so on and had his comeuppance for that but i think on two counts his successor is not going to have a problem, a, she will not be groping her staff let's hope and b, you would hope that no other governor would ever copy andrew cuomo's behavior because not only did he consign those elderly people to their deaths but he also covered it up and then he wrote that book, took five million dollar advance for it, and decided that you know, he was, he was going to preen himself and pretend that he was god's gift to management of covid and you know the rest is history. stuart: din work out did it? miranda you're a rising star of political punditry. we welcome you to the show. hope to see you again soon. thanks very much, miranda. >> thanks very much, mr. varney.

stuart: mr. varney. california's governor newsom got a little tess at this when asked this, a simple question, how can he deliver for the people of california? >> everybody outside of this state is [bleep] about this state because of our success, i'm proud of it. stuart: doesn't look too comfortable about his recall now, does he? we're on the story for you. the eviction ban leaving landlords absolutely reeling. one of them says her tenant owes her 50,000 bucks but the tenant has a job and won't pay. we'll ask earlier. msnbc anchor accuses the governor of florida, mr. desantis killing students because of his mask stanes. watch this. >> what is the strategy killing children in your own state and letting children die of covid? i can't figure it out. stuart: dear lord, florida congressman michael waltz is here to respond forcefully i hope after this.

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are hospitals seeing a surge in young patients there? reporter: in fact they are, stuart. you know, for the third time this week alone florida breaks the previously-set daily record of new covid cases with nearly 25,000 reported yesterday. the result of all of this of course is demand for getting tested to find out whether you're positive or negative is surging once again after a several-month lull in that. long lines of cars, sometimes waiting for hours, while the demand for vaccine, not even just like this, no long lines at all. about half the state is vaccinated. half the state not. a leading concern right now is children. as you mentioned going to the hospital with covid infections as schools resume. florida pediatricians reporting a spike in kids cases. joe dimaggio in hollywood from 20 in june to 200 in july, and 160 so far this month.

>> most of these children are coming to the emergency department and most are not sick enough to come into the hospital. however those admitted are sicker than what we've seen before and. of them are requiring care in our intensive care units. reporter: some school districts are already open and others prepare to open over the next two weeks the debate whether to mandate children wear masks all day just won't let up. monroe county, the keys, will now mandate masks for at least the first two weeks. the miami-dade school district won't decide until next week. tuesday afternoon broward county schools, the sixth largest in the nation voted to require masks for kids, teachers, staffs with no opting out as a possibility. florida's education secretary is now threatening sanctions like salaries, giving broward's schools until this friday to decide to reverse itself on parental choice to not mask. republican governor ron desantis issued an executive order

banning mask mandates saying parents should make that call, not the government. u.s. health and human services reports more than 15,000 new covid hospitalizations in florida on wednesday. that is a new record of covid hospital patients in beds for the 11th straight day. that is 38% of all hospitalizations statewide. about 3,000 remain in icu. and as you can see right there, people are eager to find out whether they are positive or negative. meanwhile the line for vaccines is very, very, very small. stuart? stuart: thanks very much, phil. i will follow up on that. florida's governor desantis indeed threatened to withhold salaries of district leaders who defy his orders. congressman michael waltz republican from florida, joins us now. seems to me, see if you agree with this, governor desantis will tough this thing out. what do you say? >> well, governor desantis has been under fire since day one.

i mean i remember a democrat operative wearing a grim reaper suit on our beaches when the mainstream media and the left were demanding we shut people out from being outdoors, right? so this is just i think more of the same but i do want to, i do want to point out, i hope, that msnbc host would also ask governor cuomo if he was comfortable killing seniors because that who actually died as a result of policies. what we've seen in florida schools here, the schools have been open five days a week, in-person, since last august, stuart. and we do not have dead teachers and students out in the streets. there is a way to do this responsibly. stuart: hold on, congressman, you just referred to joy reid, msnbc what she said. i will play that sound bite so everybody can see exactly what she said. roll it plies. >> what is the strategy behind

killing children in your own state and letting children die of covid. i can't figure it out. >> i think the strategy as macabre as this sounds project strength at all costs own the limb as at all cost. not concerned about the well-being of their citizens. stuart: have at it, congressman. i thought that was extreme and outrageous. what about you? >> no, it is outrageous. of course they're not asking those questions of cuomo, not only, not only did seniors die as a result of his policies but then he covered them up. his own attorney general has laid that out in her investigation but silence there, meanwhile we've been in school since last august in-person, five days a week. you know kids that in some areas are falling behind deserve to be in school. what governor desantis is focused on is parental choice. if you have someone

immunocompromised, perhaps not comfortable taking the vaccine yet at home, then have your child wear a mask. but if you're a young, healthy, family, everyone has been vaccinated. the child is 13, 14 years old. my daughter has been vaccinated as well, as have i, let them go to school and let them be children and let them learn. but, stuart, this highlights the difference between the liberal philosophy and the conservative philosophy. we believe in individual choice and individual rights, not washington, d.c., mask mandates. stuart: yes, you make the call. if you think that restaurant is it dangerous, don't go in it. >> don't go, that's right. stuart: if you think the schools are dangerous, keep them home i guess. >> we also gave, we gave a hybrid option if you're worried about the children going to school, do hybrid or online option. it is about giving families choice, not dictating what they will do from government. stuart: let people choose, tough it out. congressman always a pleasure.

like that. coming up. the media still singing praises of andrew cuomo. watch this. >> well, i mean there were a lot of things obviously the pandemic. you talk to people in albany across the state, he did a masterful job keeping the state safe. stuart: did you hear that? a masterful job of keeping the state safe? media watcher brent bozell will certainly be sounding off on that. he is on the show. nearly 200 million of us are under heat advisories or extreme heat warning. janice dean has the heat wave story after this. ♪. ♪♪

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you saw. >> look at that statement first, cut it in two pieces. masterful. like saying bill cosby did a masterful job entertaining women except for the women he abused. the other part of it, keeping new york safe. this person knew exactly what he was saying. he knew 1000 nursing home patients were led to their death because of policies cuomo initiated in the state of new york. how can you leave that out? is that typical coverage? look what happened last night, stuart. last night the president of the united states say that -- nobody pointed out the fact that he should have added exempt for the thousand elderly ladies and men who lost their lives because of his policies. he never mentioned that he should have mentioned also except for the fact that he could go to prison on some of the charges, should he be indicted. he never mentioned that so is the media coverage typical of giving cuomo a free pass, giving

joe biden a free pass? yes. stuart: what astonishes me, extraordinary con trace way the media treated president trump. a stark contrast. when the border came up, the media would scream at him, kids in cages. now we have a border crisis and there is nothing, i don't they had they have even got correspondents covering this thing. i'm astonished of the degree, contradiction between the coverage of trump and the coverage of biden. >> with donald trump it was all political. with joe biden it is the same. look, the media are nothing but the front line of the democratic party today, stuart. you and i have been saying this. your audience needs to understand this. when they listen to a reporter, they're listening to a press release from the democratic national committee. this is what -- i don't like the phrase mainstream media. there is nothing mainstream of the media today. the news media are on a mission, to destroy the conservative movement and advance socialism.

stuart: is journalism today for biden or is it more for bernie? >> oh, it is more for bernie. biden is there because he is comfortable. look for the media, stuart, for the media to call biden moderate, his policies moderate, what hokum. he is 99% bernie, the socialist agenda of bernie sanders. look what they're doing here, two trillion dollars here, 3 1/2 trillion dollars here, it is sill my money. that is what socialism does. stuart: how did we get to this? how did we get to this? >> i think republicans need to ask themselves, republican party, what it has done to clearly tell the story to the american people about what their counterparts on the left truly are today? i never hear anybody object when joe biden is called a moderate, which is a deliberate -- by the way, the media do believe this, they do believe he is moderate.

they do believe this guy who is 99% socialist is a moderate because bernie sanders is 100%. i don't hear the republican party itself, i don't hear a lot of conservatives speaking out saying to the american people look, this is not the truth. they're not telling you the truth. that has got to start. stuart: last one, do you see any signs of change? >> no, none whatsoever. as a matter of fact it is going to go just in the opposite direction. watch what will happen with the economy. it will start running out of steam. look at what happened yesterday. look at the president of the united states calling on the saudis to give us more oil. the man who shut down the keystone pipeline is now saying what we all said was going to happen, we now have to start importing oil again. the media will circle the wagons as the economy starts faltering. they will find some way to blame donald trump for this. but they will go in a defensive pots posture to support

joe biden. stuart: brent bozell, always a pleasure. come back soon. we need you. thank you very much, brent. a virginia school board approves new and controversial trans gender policies for students. lauren, can you fell out what those policies are. susan: teachers much use preferred pronounce addressing students. al. >> lou: them to participate in a sport or activity the gender identifies with. use the bathroom of their choice. administrators believe the trans gender policies, the political agenda will push more teachers out. watch. >> our teachers, administrators, counselors are well-trained to identify issues and provide emotional support to students but this board is losing teachers like laura morris. teachers i want to teach my children. teachers that you should want to teach your children, whether they're trans gender, whether sis gender whatever they may be.

susan: he mentions laura morris who is the teacher we heard from yesterday, in the emotional, she quit. i can't take this anymore. it is too much. now it will come down to parents. we might see them, i think we're seeing them pull students out. go to private school. stuart: you have to pay the local taxes to pay for the public schools. that is the problem. susan: that is the rub. stuart: which you don't have control. something else again. this from you too, school board in oregon banned pride and black lives matter flags on school grounds. susan: the vote was 4-3 to ban blm, pride flags for 5000 students in the district. critics say they're divisive symbols, political. banning them takes the focus off of other things and puts it back on education. stuart: there will be a fight on that. susan: there already was. stuart: there is a major credit card company telling employees capitalism is racist. governor huckabee takes that on for us.

eviction ban sending landlords reeling. one landlord says her tenant owes 50,000 bucks in rent. he has a job. he is not paying. that landlord is here after this. ♪ we finally found the perfect house. yeah, we couldn't believe the deal we got. just lucky i guess. (sfx: airplane flying overhead) we're a little closer to the airport than we thought... (sfx: airplane grounded outside the house) at least geico makes bundling our home and car insurance easy. saving us so much money. -hi. -how was your flight? -good. -good.

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♪. stuart: all right. you're looking at jacksonville beach, florida, where it is 87 degrees. love those clouds. the extension of the eviction ban left one new york landlord $50,000 in the hole. her tenant who is employed hasn't paid rent since march of 2020 and he refuses to leave. the landlord is susan and she joins me now. all right, susan, let's get straight at it. suzanne, i'm sorry, suzanne.

do you ever think you will get your money back? >> well that is the problem. we contacted an attorney who said this is going to be an uphill battle. so the answer actually is no, i'm not really sure if we've ever see all of it. stuart: you will have to go to court eventually to get this person out but what's the status of the courts at the moment? i understand they're pretty backlogged? >> completely. backlogged we heard from our attorney they are giving out court dates in march of 2022 for cases that are just being presented now. so they are extremely backlogged. stuart: what is your options? >> we're out of options. that is the problem. that is why i'm here and speaking about it. we have exhausted all options at this point. we have no programs that we can ask for any money. like i said yesterday, the

program that is in place right now has to be initiated by the tenant because we know he is gainfully employed and has been this entire time. if he were to do that he would be admitting to fraud. so we have no alternative at this point but to wait for the moratorium to be lifted. the problem is it keeps being extended. stuart: now just a few moments ago we put on the air a pick turf a house. was that your house? i think it was. is that your house? >> i didn't see the picture but i -- stuart: yes it is your house. our producer say we got the picture. there is your house. now is that tenant living in that house with you? >> the tenant is living currently in that house right now. that is a home that has been in my family for 50 years. i'm one of four owners. two of the owners are elderly and on fixed incomes and we are required to continue to pay our

taxes and the insurance on the home. i called and spoke to the treasurer in nassau county who told me there are no programs available for landlords for extensions on paying those taxes. and it is causing a problem. and we, we definitely did not want to be in this situation. we tried to work with the tenant. we had no intention of putting anybody out on the street but to find out he is gaming the system and has been working, just choosing not to pay us, that puts us on the defensive. we have nowhere to turn. so i would love for you know, one of the sections of maybe the moratorium should be people like ourselves who know that our tenant is capable of paying and is choosing not to, where do we go, who do we seek to? we can't get in front of a judge. stuart: nobody is looking out for a landlord. you're unpopular. they will never look out for

you. you will never get sympathy. that is disgrace. >> no. stuart: suzanne, thank you very much for coming on the show. >> thank you for having me. thank you, i would love to. thank you so much. stuart: sure thing. bring in lauren, get back to the market for a moment. ebay, active around down. >> there was a decline in active buyers, people return to brick-and-mortar to make sense. among this part of the story, they're getting creative. they're finding other revenue streams in the booming luxury retail market. for a few days, l.a. and brooklyn, new york, there is like a vending machine. you can win a chance to win one of the designer expensive birkin or chanel bags in the machine. looking for luxury resale. stuart: you have to try. nikola, you have news? lauren: they turned lower. they were awarded a two million dollar grant from the department

of energy to advance the autonomous refueling technology for hydrogen fueling stations. just think, you can get a 900-mile range for a heavy-duty vehicle in under 20 minutes. stuart: that is way out there nut four. lauren: way out there. stuart: lordstown motors? lauren: all right. we got a winner up 3 and a quarter percent, on track to build the electric pickup truck on track for next month. they're on track to build others in ohio. that is company that needs a win win. stuart: let's lighten up a little right now. lauren: okay. stuart: you have the story of a doordash, doordash driver really, really want ad tip. lauren: from someone who had not tipped in the past. hence the note he left on the door, he was prepared, typed it up. if you can't afford to tip, you should pick up your too food yourself. he left his venmo address. this is going viral. sparking dedate, restaurants and customers we're so thankful

especially during the pandemic you kept restaurants open and kept us fed by delivering food but the fees are exorbitant. not only fees we pay, but the service fees and commissions restaurants have to pay. when some cities came in said this was too much, they capped those fees, doordash said we'll add another surcharge. so sometimes when i don't feel like cooking, you know, let's have something delivered, i look how much it will cost me to get that food, then i have to tip the driver. i think the driver should be tipped, don't get me wrong. i would rather boil some pasta instead. it is so expensive! stuart: good point. they take a lot of money out of you to deliver. lauren: have you ever order had that doordash experience. stuart: i never ordered food for delivery? lauren: ever, ever? stuart: 45 years ago i ordered a pizza in san francisco and took an hour there. lauren: calling the pizza place? stuart: my grandchildren have, some of my kids have, i

personally have not. lauren: they pay all the fees and tip? or do they say granddad reimburse us. stuart: they don't live at home any longer. you're killing me. lauren: you never called your local pizza place on a friday night? >> never done that. lauren: that blows my mind. i thought we were talking about the apps but talking about old-fashioned delivery too. stuart: i never personally called any restaurant asked them to deliver food either by doordash or whatever eats you got to mention. i've never done that. lauren: have you called and ordered it picked it up yourself? stuart: my other half did that, yes. lauren: [inaudible] stuart: i got to go. look, the script is waiting. arnold schwarzenegger has a blunt message for those not getting the jab. let me show you how blunt it is. roll it. >> there is a virus here. it kills people and only way we prevent it is get vaccinated. my freedom is being kind of disturbed here. no, screw your freedom.

stuart: he used the magic word. not holding back, is he. we're on it. tell you the full story. cows, huge sorts of greenhouse gases. what are farmers doing about it. i will ask the ceo of the national cattleman's beef association. he is on the show. cow flatulence after this. ♪ liberty mutual customizes car insurance so you only pay for what you need. how much money can liberty mutual save you? one! two! three! four! five! 72,807! 72,808... dollars. yep... everything hurts. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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♪. stuart: nearly 200 million of us are under heat advisories. we have a tropical storm called fred, making it is aim or aiming at florida. we need a weather forecaster. we have one. her name is janice dean. she joins us now what do you have? >> we look at tropical entity that could affect, will impact parts of florida and the gulf coast. we don't know the strength of it will be and the exact track. we have to pay close attention as we get to the weekend. the good news, it's a weak storm. it's a depression. it is over cuba and mountainous land and needs warm waters of the atlantic to strengthen.

we don't want. once it gets to the florida keys, we believe it will become a tropical storm friday or saturday. the official track has it hugging the west coast of florida, perhaps making another landfall across the important handle. this is some of our forecast reliable models. in the red shaded line here is the official track from the national hurricane center, so we'll continue to monitor it. don't think it will become a hurricane. you know what, at this time of year when the water is warm, it has time to strengthen we have to be prepared for that. the other bilge story is the heat. the dog days of summer are here. temperatures will be well over 100 degrees for parts of the country, the mississippi river valley, northeast florida as well as the northwest. you can see some of these temperatures very warm. we have heat advisories in effect. we can go back to weather 8, i'm sure it will be great. maybe not. there we go. the bottom line a lot of heat advisories, stuart. even here in the northeast,

philadelphia, new york city, high heat warnings. take precautions, make sure the pets, kids elderly are inside. this will last next couple days for much of the country. stuart: i'm elderly. i will stay inside. case closed. >> you are not. you are not. you just need to drink a cold glass of water. stuart: whatever you say january kiss, whatever you say. we always appreciate you being with us. >> you got it. stuart: the beef industry sets new climate goals. they claim to have climate neutrality by the year 2040. that is the announcement today. we have the ceo of the national cattleman's beef association and he joins me now. colin, you will be climate neutral by 2040. i got that but what will you do about cow flatulence? i'm not making a joke of this, but i am told cow flatulence is a major source of carbon emissions. what are you going to do about it? >> well, stuart, you've been told wrong. first of all it is not cow

flatulence. it is burps of methane while eating their grass, inputting good beef on those bones we then turn into a steak. and the good news is when you look at what we do in terms of methane, methane only has about a 10-year life span in the atmosphere before reabsorbed by the grasses that our cattle phrase on. these are grasses that cannot be used by us as humans for food stuff but we can turn it not only a great place to sink carbon and methane but turn it into high quality steak. we believe we can believe climate neutral by 2040 as we continue to improve our industry. stuart: is your industry in trouble with drought the, extreme weather, the threat of climate? are you in some trouble here? >> that is why we're taking this very seriously. when you look at cattle production across the united states we're seeing floods right

now and we're also seeing drought and fires. so we take the climate extremely seriously because it is our livelihood. if we don't have clean air, if we don't have good water, if we don't have healthy soils, we don't have an industry. there are millions of family farmers and ranchers out there that depend on our environment to be successful. stuart: yes. >> why being bold, audacious and being a leader here is so important to us in the cattle industry. stuart: well-done, colin woodall, national cattlemen's beef association. thanks for being with us. sorry i confused flatulence with burps i will change it. we have mike huckabee, kt mcfarland, "wall street journal's" dan heninger, more. maybe i'm jumping the gun. i think the surge in covid cases will float toe and start to come hidown -- plateau and start to come down. you will hear it after this.

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>> the people who think they're doing renters a favor by continuing to delay their responsibility to pay their landlords, don't recognize that all they're really doing is creating dependency, and those landlords, if they go out of business, whose going to provide the housing? >> if you are personally uncomfortable with the amount of money you have invested in any individual stock it's time to trim it, but you also want to take a look at your portfolio as a whole. >> are the financials going higher that's leading people to believe rates should be moving higher so they are moving up the

rates i'm beginning to wonder is that going to begin to pressure technology stocks. >> sometimes investing can be very simple. there is so much money coming into the market and still, so much money on the sidelines. there's still lots of money to come into this market. >> ♪ i feel good, i knew that i would now ♪ stuart: are we allowed to play that great james brown hit so often? we apparently are. i feel good! >> effective. stuart: 11:00 actually 11:01 eastern time thursday, august 12 the dow industrials are down about 100 points, the nasdaq is up just a little bit. not that much price movement on stocks today after hitting record highs for the s&p and the dow yesterday. bitcoin's down $44,000 per coin, as we speak.

now this. maybe i'm jumping the gun, but please, consider this. the surge in covid cases will soon plateau and start to come down. that is my opinion, but it's based on what's happening in britain. at the moment, we, in america, we are consumed with the spike as it's often referred to in the media. perhaps we should look to the other side of the delta surge, because we will come out of it, you know? three weeks ago, britain bit the bullet, so to speak, even though delta cases were still rising sharply, prime minister boris johnson announced freedom day, when most restrictions were removed. well that was bold. he decided to tough it out. it worked. caseloads plateaued and started to come down. johnson had relied on mass vaccination and mass immunity. the same thing should happen here. vaccinations and natural immunity keep the delta virus surge in check. now there's going to be a big impact when the surge retreats.

democrats state they might want to, actually, ease back on mask mandates. they will certainly be challenged only the most anxious will want to wear a mask forever republican states they will be vindicated, they toughed it out. return to work might not seem so threatening. travel, eating out, entertainment, they have taken a back step as delta surged but when it retreats, i can see another rebound. now, please understand this is my opinion. i'm not a doctor. i'm not a health expert, but i can read covid patents, a virus hits, cases spike, the authorities take action, like mass vaccination, new cases plateau, and then trend down. that down trend is not here just yet but it's coming, and i think it comes soon. third hour of "varney" & company starts right now.

all right, governor mike huckabee, you heard what i had to say. do you think i'm way out on that tree limb, way out on a limb? what do you think? >> i think it's exactly what is happening, and will continue to happen. we seen it in other places of the world but i have to also just throw this in. when you came back in with james brown "i feel good" i honestly had this vision of you jumping up on the desk and doing the funky chicken for the world to see and i'm very disappointed that you did not entertain us with that delightful moment and then we all would have felt good and i think we're going to start feeling good again when there's enough people who are vaccinated and protected from the virus that the covid numbers begin to start to go down, and the death rates go down. that's going to be a happy day in america, mask or no mask. stuart: it's going to have a big impact. i really do believe it's coming. if you look at the covid patterns, everywhere in the world and here in america you get the spike, we take action of some sort whatever

that action is, and the numbers come down, the surge is over. when that happens with the delta strain here, i think it has a really big impact, even a political impact. am i going too far again? >> no. one of the things that needs to happen is to depoliticize this whole issue, and in my home state of arkansas it was just revealed that one of the reasons that arkansas has had a real spike in cases is that the medicaid population nearly 700,000, only three or 4% have been vaccinated. now, this is the medicaid population, the most vulnerable. people who are by nature poor, that's why they are on medicaid, and they have an incredibly low vaccination rate, so yeah, the numbers are up. what i'd want to say to people, it ain't the trump supporters that are refusing to be vaccinated. it's a much broader definition and the fact that so many people on the left have tried to blame

this on conservatives or trump supporters as the reason for low vaccination rates and the reason for high numbers of infection, that's the kind of politicization that has been harmful, not helpful. it needs to stop and we need to focus on curtailing the disease rather than curtailing the other political side. stuart: governor i need you to deal with this. american express made its employees sit through critical race theory training, and a guest speaker told workers capitalism is racist. the woke crowd seems to be getting on the inside of our major corporations and really influencing both policy and opinion. its gone a long way, governor. >> this has to be one of the most laughable things i've ever heard. american express, a $2.3 billion profit company says capitalism is racist. well, fine. give me back my membership fee, cut all of your expenses, make sure that you put only people of

color at the top of your organization, and then, we can all happily say, american express don't leave home without it, or american express, don't be a racist, and you will be with it. what a nutty thing for a company to do. they ought to be embarrassed, ashamed and apologize for that kind of insanity. stuart: good glad to hear that governor. i'm not going to do any dancing on the set right here, i can't go that far it's just not my image. governor, you, sir -- >> man what an image that be , stu. come on. stuart: i wonder if it would rate. governor you are all right and we'll see you again real soon. >> take care. stuart: all right, let me bring in joe doran, he's a hot shot on wall street, this man with the accent, he is the head of personal finance for goldman sachs, no less. are you okay with -- >> it's so nice. stuart: that's right in new york city. now, are you okay with financial companies like american express

pushing these woke ideologies? how do you feel about that? >> well, look. i'm not a politician, and i do know as someone who grew up in zimbabwe that everyone needs a fair crack and as somebody who came to america, i've never found a nation in the world that's more open-minded and more willing to give everyone an opportunity, so i am probably the wrong person to bring this up. i do very much believe we all have a responsibility to give everybody a chance to belong, and to succeed in whatever organization you have. that, i think, is something we all believe and everyone at goldman sachs very much cares. stuart: i did not want to put you on the spot, joe. talking about american express when you're from goldman, i didn't mean to do that but i think it's an important issue which has to be dealt with here. let's get to the markets. the market just keeps on going up. most investors most of the analysts we talk to on the show they are still bullish and think it can go up more but i'm nervous, really nervous.

would i see anything go up like that? for years on end ii have to think the dance is coming to an end pretty soon. what do you think? >> well i think it's natural to be nervous. we have had a long recovery. we are alt higher valuations and just a couple facts to give you. we did have a very significant bear market earlier, last year, you know, we had 35% in six weeks that's never happened ever in the history of the market so you have to think of this as a new recovery and typically when you have an expansion in the markets the average advance is around 200%, 190% or so, and that's the average, and we, today, are up about 101%, which means they might be a lot more movement up and so we also know that as the market advances longer you're going to see more declines and they're typically in the 5-10% range, you'll have that every year and you should have a 10% decline every two

years which would suggest that we are overdue for what i call a correction, which means you should not sell, but you should be prepared for volatility, and what we tell people is look, the long term picture for u.s. stocks is still good, but you need to be balanced and diversified. you need to make sure that you don't have so much risk in your portfolio because if yours starts today there's so much advancement that if you started at 50/50 you might be 60/40 in stocks versus bonds and if we have more risk in your portfolio than you should, and so it's a good time when you've had a big advance to rebalance your portfolios, to be diversified and make sure that you invest in everything. stuart: okay now that's advice i might take because i've only got 10% in bonds and 90% in stocks, but how foolish of me. [laughter] joe, we will get back to you very soon, and i promise not to put you on the spot ever again because you're all right >> i'm sure you will but i'm not going to let you bounce either. stuart: thanks, joe see you soon let's get back to what's moving

on the market. we've got doordash on the screen , it's not moving that much. lauren: well no it's not but there's big news for them. they do report after the bell today, but in talks reportedly with the grocery firm independence instacart which is looking to go public, to buy them for 40 to $50 billion but reportedly, those talks fell apart on anti-trust concerns. stuart: 40 to $50 billion? lauren: yes. stuart: for that kind of company lauren: delivery is where it's at. stuart: 40 to $50 billion? five years ago, unknown. out of the question. lauren: i think i am the only one of my suburban friends who actually goes to the food store, and i go because it's an activity. it's something to do and i like picking out stuff for myself but everybody pays to have their food delivered to them. stuart: 40 to $50 billion value that strikes me as pretty rich, but what do i know. micron, you got that? lauren: this is ugly down for the fourth day lowest price of the year, morgan stanley cut them to equal weight gave them a $75 price target, why? expected slow down in memory

chips? that's expected to last by the end of next year they are saying the market will be over supplied which isn't necessarily a bad thing for so many of the companies that rely on memory chips. stuart: have we got political news on apple and google? lauren: we do and it is not affecting the stocks, as it usually doesn't. there is proposed legislation by a bipartisan group of senators to target the app store dominance, ios for apple and google's operating system as well. what that would mean is it could introduce a third party or it could prevent those hefty commissions when you make in-app purchases and that could hurt apple and google's dominance. stuart: the source of their profit or a large chunk of the profit evidently the market doesn't think it's going to happen. lauren: if it does, their footprint is so broad it wouldn't make much of a difference that's what the market is telling us. stuart: thanks for bringing us the news anyway. the governor of california blowing up at reporters. roll tape. >> everybody outside this state

is about the state, because of our success and i'm proud of it. stuart: we're going to tell you what got gavin newsom so agitated a little later on the show. taliban fighters could take over the capitol of afghanistan, kabul, in less than three months kt mcfarland was in favor of leaving afghanistan but did she see this coming, i'll ask her, the third hour of "varney" rolls on. >> ♪ as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. ♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right.

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stuart: moments from now, president biden will speak about lowering the cost of prescription drugs. of course we're going to monitor it and bring you headlines when they occur.

a new report claims afghanistan 's capitol city kabul could fall to the taliban within 90 days, kt mcfarland is with us as i recall you were in favor of america's withdraw but what do you make of the situation now because it looks a lot like kabul could become saigon, helicopters lifting off from the roof of the embassy back in 1975 could it get that bad? >> absolutely. i was in the white house situation room in 1975 when the united states had to evacuate from the lawn and the roof of the u.s. embassy, because of the communist forces that were taking over saigon. i'm concerned that what happens now is the same thing that the communist forces, in this case, the taliban, not communist, they are going to surround kabul and take region by region. what's happening in afghanistan right now is the tribal leader after tribal leader, province after province are throwing down their arms and going over to the taliban, because they think it's

inevitable, the united states is left, they know it's only a matter of time before the taliban take over and they are going to use those american weapons to sort of negotiate their departure from the american side and their switch over to the taliban so i think it'll happen, kabul will fall probably within i think by september 11 and i predict that the president of afghanistan will probably flee, the same way , you know, understanding that if he gets captured by the taliban, they are going to torture him and probably hang him so yeah i think this is a mess and it was so inevitable we lost that war 15-18 years ago and we should have gotten out then. stuart: but this late development, doesn't this throw the whole region into real in stability? >> yeah, but what were we ever going to get in afghanistan? these are leaders who don't like us, corrupt, incompetent, they can't govern their own country, we try to nation build the most primitive, illiterate, brutal corrupt country into the world into a modern democracy so of

course it was going to always fail and throwing the region in stability i suppose but i'm looking at american foreign policy first. what are the interests of my country? we don't have any interests in afghanistan anymore. we've given them 20 years opportunity to have a democracy and they don't want it, so what happens is the instability maybe in the region but i don't think it's instability that then translates into any kind of attacks or threat to the united states. stuart: okay, now, kt, treasury secretary janet yellen is considering a visit to china. it be her first visit as treasury secretary. what do you make of this? >> well, i think the biden administration has not taken away any of the trump adminitration tariffs. they said well we're studying our situation, our policy towards china, we haven't made any decisions and i think they probably haven't made any decisions. they don't know whether they are going to stand up to china or whether they cave and return to the obama and really bush era policies where they gave china whatever they wanted whenever

they wanted and the chinese have now gotten to the point where they're putting this list of demands in front of american officials saying one of the advances is we want you to stop free press and want any criticism of china to cease and assist so if janet yellen goes to china looking for a new trade deal, well i'm sure the chinese be delighted to give it to her because it will be on their terms but if she goes, i sure hope she stops among the capitol s of our allies first , before she can seize anything to china. stuart: kt mcfarland i didn't know you were in the situation room back in those days in the 1970s as the fall of saigon, idot know that, when i asked the question. but look your expertise is always welcome on this program, come back and see us again soon. thanks very much. >> thanks stuart. stuart: sure thing. staying on china. they just placed new restriction s on karaoke bars. what's banned? lauren: well, songs with obscenity, drugs, violence, gambling, religion, anything sub

versive to the regime. stuart: that's a lot of stuff. lauren: try to find me a song not about any of those things i just listed. love songs are probably okay. this is beijing tightening their grip on national security and commissioning the 50,000 karaoke bars in the country to police it so good luck. we'll see how that goes. stuart: how about the beatles? she loves you, it's upbeat and positive and lively. lauren: that might be okay. you would have to read every single word of the lyrics. stuart: i don't want to trivial ize an important story. that kind of crackdown, censorship of karaoke bars shows you the extremes the communist party is going to. lauren: one mindset, especially for young people, as they grow up in that. stuart: this is not a related story but it's interesting. facebook just lost the title of most downloaded app in the world i know who replaced it. lauren: tiktok. stuart: correct. lauren: 3 billion downloads last year, and that's more than facebook and their entities

what's app, instagram and facebook messenger. i love this part of the story because i always think, you know , if i had to get a job somewhere else would i have to do a tik tok video resume? that's what everyone is doing these days. stuart: you're kidding? lauren: no. stuart: it's on tiktok? lauren: yes and employers like it because it shows young people or any person is proficient with social media and the internet. stuart: yeah you got to be young these days. lauren: i know. stuart: there's a theory, this is for you too. there's a theory about how gen z people, that be 6-24-year-olds i think i'm saying that right, how to get them back to the office. not six-year-olds but 24- year-olds. lauren: they want to see more of you, stuary varney, more grey hair, older americans so it turns out study after study shows that gen z wants to be back in the office part time but companies have to give them a reason to go back. well gen z also wants to advance their careers and the only way to do that if you ask me is being mentored, seeing how

people with experience and usually that comes with age, do jobs and then you can advance your career that way. you can't do that on zoom, i don't think, or at least i hope not. stuart: do you have a mentor? lauren: i've had mentors, yes. stuart: oh, okay. lauren: and they are older than me, because i think that's the way it's supposed to be. stuart: i think so too. lauren: are you looking for me to say i'm your mentor? stuart: no i'm certainly not. lauren: actually you're in my head all the time i'm like nope stuart wants me to get straight to the point that's not the point. stuart: the producer just said come on, let's get on with it. shut up, stu. [laughter] lauren: [laughter] stuart: check the markets why not. the dow industry industrials down close to 100 points but look at the level folks we hit an all-time high yesterday and only backed off by 95 points you're at 35, 388. the nasdaq has now gone into the green but only just fractional loss for the s&p. palontier on your screens whoa up 13% this is a data analytics software company that service

government agencies like the cia , the stocks up they reported strong earnings, second quarter revenue up almost 50% from a year ago and it's up 13%. show me, i don't know how to pronounce this is it utz? lauren: don't look at me. stuart: they make pretzels and other snacks. earnings out this morning, they expect strong sales for the rest of the year, however, they are concerned about inflation costing them more money, and they are down 5%. i've got a headline for you, very interesting. democrats will ruin the climate. dan henninger wrote it and he will explain it, after this. plus, the terminator, arnold schwarzenegger calling out, sorry anti-maskers, watch this. >> not just to think about well my freedom is being kind of disturbed here. no, screw your freedom. stuart: there you go, he's not m incing words we'll play you the rest of the message again

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>> ♪ stuart: yeah that's "hot stuff" well you're looking at new york city, it's 87 degrees right now, and it's going to get really hot just a little later this afternoon, 95 degrees today , and maybe 97 tomorrow. that is hot stuff indeed. we've got some big names who will report their earnings and their financial condition after the bell, after the closing bell today. lauren start with disney. lauren: that's the big one revenue $16.8 billion, the theme parks are open, partially, that should help their revenue, they are also looking at the stream ing subscriber additions expected to hit between 113 and 115 million in just a year and a half, total, in the year and a half disney plus has been in existence and they want to double that by 2024. stuart: if they get to 113 million on disney plus that's a significant increase since their last report. lauren: it was 103 million at the last report. stuart: so they are expected to add 10 million? lauren: yes and they have the good content, but then again

, people can go to the theme park, for instance because we have reopened. stuart: okay, what else we got this afternoon, we got legal zoom? lauren: it's something that just went public, democratizing law, if you will, easy access to online forms, like wills, revenues should come in at $140 million it's a disruptor type of company and done well. stuart: here is the one, airbnb i'm fascinated by this new industry, new company. lauren: and somewhat protected during the pandemic, because people would take maybe a long drive somewhere, and then feel comfortable staying, you know, with people they know in a home, but separately, that stock up a bit right now, the vice president, kamala harris is meeting with executives from seven companies, including airbnb executives today, pushing the build back better agenda, and affordable child care, for instance so there's a push by the administration this week to meet with different companies to push their agenda, and airbnb is part of that. stuart: got it. we have the governor of

california, gavin newsom, snapping at reporters. you've got that story. lauren: i think it's the pressure of the recall next month that might be getting to him. he was asked by newspaper reporters, california, highest housing, highest gas, highest utility costs, so how can you, governor newsom, deliver the california dream for us? here is his answer. >> it be damn nice if our homegrown team started focusing on what's right. everybody outside this state is about the state, because of our success and i'm proud of it. lauren: he later apologized for getting heated but yes, the recall election is september 1e corner and californians are fed up with higher taxes and rules for the and not for me mentalities by some politicians. stuart: right now tell us what the former governor of california, arnold schwarzenegger, what he has to say about anti-maskers. lauren: and people not getting vaccinated. he said screw your freedom.

>> there is a virus here. it kills people and the only way we prevent it is get vaccinated, wear masks, social distancing, washing your hands all the time, and not just to think about well my freedom is being kind of disturbed here. no. screw your freedom because with freedom comes obligations and responsibilities. lauren: he was very proud in january. remember dodger's stadium took that video, he rolled up his sleeves, got the jab, and he said "come with me if you want to live" but if your goal is to get as many people vaccinated as possible, you need celebrity appeal, you need a push, and arnold schwarzenegger is making that push. stuart: that's what he's doing. we got to change the subject we do that often on this program real fast too. how about this? look at that. a u.n. report says climate change is approaching the point of no return, and look at this. op-ed in the wall street journal

, democrats will ruin the climate. they've wrecked the cities and the border, why would climate policy be different? dan henninger wrote that and he joins me now. in what way will the democrat policies wreck the climate? >> well, they would wreck any, if we stipulate just for the sake of argument, stuart there's something to the u.n. report that we need to do something to mitigate global warming just for the same of argument let's admit that. would we get to that solution if we allow the current addition of the democratic party which is run by progressives to execute it, and i'm arguing that on the evidence of their governance , the past several years, the last thing we would want to do, for instance, is put these people in charge of noah's ark. it could sink if the democrats were running noah's ark and look at what's going on, as i say, in the american cities.

chicago, new york, seattle, st. louis, crime rising, never abat ing. look at the million people who have come across the southern border. the biden administration has no policies, no way of dealing with that. their method of operation, stuart, seems to be take on a huge problem. then the world, because of their policies, goes completely to hell, then they deny that we're in hell, as they have in the cities and at the border and then they insist on doing the same wrong thing. this is the progressive and i'm suggesting that if they were put in charge of mitigating the climate, they would ruin that as well. they're just in competent. stuart: wow you're getting more and more, we're not quite sure what the right word is here, but you're getting more and more intense in your feelings about bernie and aoc. you are. you're on the show every week and you're getting much more intense.

explain yourself, dan. >> well, you know, there was a time when you could do business with the democrats. you would have arguments with them, the mayor of new york city or bill daily was the mayor of chicago and they never would have let things get to this point but i'll give you one textbook example, stuart. single payer healthcare systems. back in about 2011 it was, vermont instituted a single pay er system. it absolutely failed. it failed to contain costs and the democratic mayor pulled this governor, pulled the plug on single pay erin vermont. today, democrats don't do that. they just keep pushing the same failed ideas, and is having a terrible effect on our cities, obviously, look at the border, and i just think until the progressive democrats, stuart, are defeated and run out of american politics and we return to a more moderate version of the democratic party, we're going to be beset by these

kinds of failures. stuart: run out of american politic, intense indeed, dan, go for it, a lot of good stuff. thanks very much, dan we'll see you again soon. again, i'm going to change the subject, i'm turning on a dime look at this tom brady just debuted his first nft collection on his new platform, autograph. we'll tell you how fast it sold out and it did sell out. it's one of the most iconic sports movies of all-time. watch this. >> is this heaven? >> it's in iowa. stuart: well, tonight, fox sports hosts the field of dreams game, between the yankees and the white sox. grady trimble is there, and we'll join him, next. >> ♪

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>> if you build it, he will come. >> this field, this game is a part of our past, ray. it reminds us of all that once was good, people will come, ray. people will most definitely come stuart: yeah, that's a clip from a great movie, obviously, "the field of dreams" tonight, for the first time ever, fox sports and major league baseball team up to host the game right next to that field in iowa. well, just so happens that grady trimble is there, waiting for it set the scene, how many fans are expected? reporter: 8,000 fans, stuart so a very exclusive event this evening, and first dibs for tickets went to iowa residents and it's going to be a spectacular experience when they get here, so this is the original site where the movie is shot, just behind us, you see the farmhouse where kevin costner and his wife sat

on the swing in the front porch there, and when fans enter the stadium, they're actually going to enter through the outfield of this field, through the corn, and then they'll go into the game stadium where the actual game is being played and there are a lot of features that are going to make this game unique. the white sox and the yankees are going to be in throwback retro uniforms, there's a manual scoreboard to pay homage to the old days of the game and on top of that, they will be walking through the corn field in the outfield as they enter the stadium. i had a chance to chat with alex rodriguez, the yankees great, about what it means to be here today, and i've got to say he told me he's a little bit envious of the players on his former team who get to actually play. listen. >> can you tell us what it's like to be here and see the field in person and by the way it your first time here? >> it's my first time here and it's an absolute dream come true it's a phenomenonal thing in major league baseball.

i'm actually envious of not only the players playing here but i also wish as a little kid, i got a chance to see it. reporter: but he's here now and very excited about it. he's part of the broadcast team with fox sports too. by the way, ticket prices are expected to be the most expensive for a regular season m lb game on the secondary market. we looked on stub hub last night tickets were around $900. we looked again about an hour ago they were around $1,200 for the cheapest ticket and just a couple minutes ago the cheapest ticket will cost u2 thousand dollars. adam: revenue also expected to set records for a regular season mlb game as well first pitch, stuart tonight 7:15 on fox sports. stuart: great stuff. grady good report we'll see you later. thanks very much. i've got to talk tom brady. he's on the screen after all. he just debuted his first nft. how did it go? lauren: you think it sold out? yeah it sold out in like seconds

[laughter] okay so it sold on the draft kings marketplace on his auto graph platform and the digital experience collectibles sold for between $100 each and tomorrow five more brady signature nfts are drop ag nd they will sell out as well. stuart: what about the price? lauren: between 12 and $100. stuart: that's it? how many were for sale? lauren: i'm not sure. stuart: the gross revenue ain't much. lauren: you got to start somewhere and you can't sell too many of them either, gross revenue wouldn't be that much, because you don't want to dilute the importance. stuart: okay, worked your way out of that one quite well. lauren: try. stuart: how about draft kings? lauren: you had them on the show earlier this week. they teamed up with autograph and we have a clip. let's roll it. >> for an exchange, autograph is the one creating them, they own the ip, we're an exchange, and eventually, we're going to allow for other forms of functionality such as option-based selling, secondary markets and other things. i also think that it'll be great

from a customer acquisition standpoint to have all these different athletes. stuart: jason, he made headlines when he ended it by saying that he wants to make draft kings a kind of amazon. he wants to expand new industr ies, new places. he made quite a headline with that one on this show, which is good news. tell me about the toddler story, ran on to the soccer field. we got the video. lauren: let's just roll the video i'll narrate. they are at a game in ohio and the little two-year-old runs out , running running running his mom runs over the fence, go, go, go, go, tackle! she gets him, rolls him over, look, they try to get up and now she takes him back, we can't hear it but i'm sure the crowd was cheering and laughing, play wasn't affected but i mean, they're both pretty athletic that mom and her son. stuart: did we hear from the mom lauren: yes. stuart: we got a sound bite from the mom? lauren: she spoke out. >> all the players were down field in front of him, and then

once they went up field, he was so upset, he just wanted to be out there with them and as soon as we were like leaving the stadium, everyone was like it's the baby! it's the baby! lauren: look, he couldn't even sit on her lap without moving. she has a very active toddler on her hands. stuart: well you've had active toddlers on your hands. lauren: kind of like what my kids are like. stuart: notice how fast he ran on the field at two years old. he's an athlete. lauren: so is his mother. stuart: let's get to the market markets because we're down triple digits, even though the dow hit an intraday high earlier this morning, the s&p on the upside just a half point and then there's this. parents in loudoun county, virginia pushing back against cr t and liberal policies in schools, watch this. >> why are you willing to sacrifice our children on the alter of the culture revolution is it for popularity, for money to be on the right side of history? stuart: one former loudoun county school board member says

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stuart: parents in loud en county, virginia are leading the charge against critical race theory. just watch this , please. >> and we oppose your efforts to impose critical race theory and overtly racist doctrine that teaches our children to judge and categorize others based solely on the color of their skin. >> why are you willing to sacrifice our children on alter of the cultural revolution. >> their job is to teach our kids math, science, biology, literature and that's it. not ideology. stuart: yes, sir, well said, sir gary higgins is with us a former member of the school board there gary i just want you to spell it out for me. what has the current school board done to education in loudoun county? >> it's a real travesty and thank you for having me on this

morning, stuart. these folks have in the last 18 months done away with class rank , they've done away with the advanced diplomas, dumbed down the math, put quotas on our academies which is a stem school that's supposed to be highly competitive, they've lowered the sll scores we can read and sexually explicit things with the books with our kids but dr. sues is on the back shelf it's unfortunate and disappointing to watch. stuart: is this by loudoun county seems to be ground zero for the pushback against crt, because you are leading the charge here because education has gone so far downhill? >> well, stuart it's amazing. i've been involved in public service inland off and on for the last 20 years on the school board and the board of supervisors and for the last

20 years we've had a bipartisan consensus that we wanted to create a world class school system and loudoun county was one of the top school systems in the country up until about maybe 18 months ago when these people started tearing it apart and so we're in awe of what's going on and trying to turn back this wokism that's destroying our schools stuart: would it be fair to say that the parents are split? i don't know whether they're evenly split but i'm sure they are split because there must be some in favor of crt, and we've seen a lot from the people who oppose it. >> well i've seen some polling on that, stuart and the polling said that 30% were in favor of it, high-40s didn't, i'm sorry 30% in favor, 50 some percent were against it, and that 15 or 20% between really didn't know what it was about, so one things for sure. 70% of the people polled in this county are in favor of recalling the school board. stuart: and if that happens, are

you confident that a new election would create a new educational board for the schools, which would reverse crt? in other words, can you win? >> well it's a difficult statute in virginia, stuart. we have to take the petitions that are signed to a judge and then under state statute we have to show that this person has not fulfilled their obligation to the public servant and if that happens then the judge will dismiss that school board member and then they are actually chosen by a school board to find someone else. it's their business to find somebody else and they do the choosing and then a special election is held not too long after that. stuart: gary thanks very much for joining us spelling out just how bad it is where you are. we appreciate that sir and we hope you can come back and tell us how things are going inland. thank you, sir. we'll see you soon. >> be glad to. thank you, stuart. stuart: here it is. thursday's trivia question. which home style is the most

popular in america? craftsman, ranch, cape cod, colonial? the answer, after this. ♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right. . . and offer plans as low as $30 per line. more businesses choose verizon than any other network. we are open and ready for you. ♪ ♪ ♪ ♪

stuart: yep, we asked the question, which home style is the most popular in america? and the answer is, ranch sometime home. there you go. did you guess that right? lauren: that was easy. put a split on that list i would have been torn. stuart: i can't define the difference in styles between a

cape cod, a ranch or a craftsmen. i can't define the difference. >> lauren: craftsmen has a porch usually covering over the porch. colonial, one living room and dining room. correct me if i'm wrong. stuart: send us a video, emails us too, @varney viewers @foxbusiness.com. keep them coming. tomorrow you might be on the air. neil, it is yours. neil: stuart, thank you very much. we're down about 100 points right now. we're looking at couple hundred other developments. the back and forth whether the vaccine thing is worth the hoopla it is getting, efficacy rates coming into question how they deal with the delta variant. we'll get into that. we'll talk to purdue university president mitch daniels how he is dealing with inflation running rampant across this country right now. also the delta variant and kids returning to school. what he is requiring or n