♪ stuart: this is for you, lauren. a little elvis. 1950s. good morning. 10:00 eastern. to the money please. the dow comes to 100 points. s&p up 36. that is 0.7%.

the nasdaq powering ahead. again of 200 points. one. 4%. if you look at the right hand corner, most of the dow 30 are in the green. the 10 year treasury yield, the yield is 391. the price of oil keeps going up close to $80 a barrel. gasoline, $0.12 in a week. as for bitcoin, 29-numfour is your price. real estate, realtors, the latest read on pending home sales. lauren: rising 0.3%, and the national association of realtors echoing the fed. the housing recession is over and lawrence young, their chief economist says mortgage rate topped out. good news.

pending home sale contract signs still not close. stuart: no reaction in the markets which interesting news for realtors, now this. it was an awkward moment. mitch mcconnell, minority leader in the senate froze midsentence as he addressed the media. he stayed silent for half a minute clearly confused. he was then led away by his colleagues. senator mcconnell is 80 one. two weeks ago president biden appeared confused and unintelligible during a meeting with israel's president. prior to that he slurred his words, lost his train of thought, stumbled and tripped. the president is ailing. we are about to see a generational shift in our political leadership. politics is all about votes. the oligarch needs the support of youngsters but they are not keen on voting for 80 somethings who are not physically or mentally robust. 2024, the current generation of leaders.

hard to see him in the oval office, the party is not keen and not getting the youth vote. 90-year-old diane feinstein is retiring. senate all mcconnell with a challenge to his leadership after his freeze yesterday. senate budget chair bernie sanders is 81. many which the socialists retire but his plans are uncertain. there is donald trump. he may be the exception to the rule. he 77, shows no sign of slowing physically or mentally but is not much of the youth vote. i since the country wants a new generation to take political power. there is frustration current leadership is bogged down with legal challenges in scandal not to mention the problem of age. one thing i learned in 50 years in america is america likes what is new. we accept change. generational change is coming

soon to our politics. second hour of varney just getting started. ben dominic with me now. time is up for the current generation of political leaders. what say you? >> i couldn't agree more. you have had me on and i mentioned it before. america wants to have a jolt of optimism about the future. they want people who will be around to experience the ramifications of policies put in play. when it comes to political leadership the -- america for so long, it reached a point we have this ossification, they have their hand on the wheel. increasingly depressed about the direction of the country.

the percentage, overwhelming plurality of congress is baby boomers even though that's no longer of the case. and and kids in public school. and people really want to see an america that is forward-looking and optimistic and that includes moving on from a generation that has had more than enough time. stuart: the hunter biden plea deal. watch the cnn panel after hunter's plea deal fell apart. >> someone made a bad mistake. mi wrong? someone, whether it is hunter biden's defense of prosecutors here. and without knowing what the

scope of coverage is for hunter biden, i can't understand how hunter biden's lawyers don't know exactly what the constraints and limitations are of that deal. >> they don't see this is a problem. a mistake in lawyering -- >> they are not being accurate about this. they are pretending it is a mistake. instead of something that got caught by a judge who rightly viewed as this deal is more sweetheart than publicly reported. because we haven't had a chance to look at this deal before hand, didn't have their knowledge that essentially this was a more sweeping grant of immunity from prosecution from the perspective of the biden team and as soon that kind of

thing was revealed, the media is in a situation where many who were mouthpieces for the department of justice or the biden family are in an awkward position about knowing what they are talking about. that happened through the hunter biden experience and this was stonewalled. and and how much hunter biden, it is a special case. the sad political case. and manipulate the system to get away with more than anyone who didn't have the last name biden. stuart: watch out of hundreds class as a foreign agent living in the white house with his dad. thank you very much and see you again soon. ron desantis says he has a

position for rfk junior. lauren: not vice president. he would head up an agency like the fda or the cdc. >> i am aligned with him on fauci, corruption and bureaucracy 100% and he probably had other things too. if you are president, sikkim on the fda, he would be willing to serve or second on cdc. lauren: many republicans are attaching themselves to rfk junior, his anti-lockdown, anti-mandate. desantis and rfk junior have a war against the federal health authority and the decisions they made particularly three years ago. stuart: an interesting proposition. to the markets, specifically microsoft, the european union launched an investigation into microsoft. lauren: monopoly concerns. the eu opened an antitrust

investigation into microsoft's bungling of their apps for video calls, office software, competitive advantage and consumers choice. look at how microsoft battled the eu from 2004 to 2013, $2.5 billion in fines. stuart: can't advance they wanted to advance. gary kaltbaum is with us. the rally is over for microsoft. do you expect this program anytime soon? >> reporter: the rally is over this second. that's the good news, you can buy it cheaper on pullbacks here. i'm a believer in reaction to earnings, simple as that. didn't have a good reaction to

earnings, and where the stock was a couple weeks ago. all-time highs deliver, a i will be huge. for right now it will be better places to go. stuart: you are totally wrong with an analyst on earlier going to $430 a share. i prefer to take his advice and not yours. arnie big tech names that you put money into right now? >> we haven't yet but we put some money into google and can't put money into meta. it had too big of a move. i have to tell you, looking at cruise lines, royal caribbean and gangbusters, i mentioned something i see today, facebook, matter, research supports down 30% revenue, down

31%, and stock is up $55. and artificial intelligence deal is for real at least for stock prices. where it stops we don't know. the reactions, anything a i have been gargantuan especially with companies with terrible earnings and revenue growth, stocks skyrocketing. we will see how far and how long they go. stuart: i don't care what you said about microsoft. i think you are all right. as you just heard, gary likes the cruise lines. on the left-hand side of the screen, what's going on? lauren: three of the top ten stocks in the s&p 500 this year our respondents. they reported today, they raised their annual profit forecast on demand from their outgoing customers.

not only one but two. one girlfriend is flying to seattle, taking a 7-day trip and then another 2 alaska, two cruzs. never heard of that. stuart: hurts is a travel company of sorts and they are down. lauren: travel demand is prudential. airports and vacations, why are they down? they are expensive. profit fell sharply from a year ago. stuart: remember when we had crux on the show? what has gone wrong today. lauren: hey dude, a boat loafer, it is struggling. fox is not. they raise prices by 13% in the past four. stock is down.

stuart: check out the boat shoes. now this. president biden faces a possible impeachment inquiry. democrats say there is no evidence to justify it. role tape. >> would democrats get the evidence it doesn't have at this time? republicans, they don't want to do an impeachment without evidence. john food will take that on, impeachment issue, in our next our. joe rogan going after the welcome mob with criticism of jason ourdean's new anti-crimes on. what rove is saying. a report from nbc says black people need safe spaces to enjoy outdoor activities. doctor ben carson responds next. ♪

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stuart: dow industrials are up 60 points. strong game with the nasdaq, 182. jason arlene has removed -- jason all dean removed the clip. lauren: a 6-2nd portion showing a black lives matter news clip that was projected in his video onto a tennessee courthouse that was the site of the 1927 lynching of a black man. that was the controversy.

the new york post is reporting the production company he used asked the fox affiliate for permission to use the news clip in 2020 when it happened. okay, but show us the lyrics first. they sent a clip to the song rather than written lyrics. it looks like they cut the video out because they didn't want a lawsuit. it was 6 seconds shorter now. joe rogan says chillout. >> not saying it's the greatest song the world has ever known, but the level of outrage coming from people upset about that song is so strange when there are hundreds of rap songs out there that are infinitely worse and also enjoyable. the racial aspect, there is nothing racial about the lyrics. lauren: why the outrage? that is what it is.

did jason aldean cave or did he not want to deal with a legal battle? stuart: he has ruffled some feathers. lauren: it is number one in the charts. stuart: and nbc report claimed black people need safe spaces in order to enjoy outdoor activities like camping and hiking. ben carson is with me now. nbc's report says black people feel that the outdoors do not belong to them. that they would be harassed outdoors. you are laughing but would you like to respond? >> good to be with you. when i saw this, seriously. how ridiculous. black people are perfectly

welcome to go anyplace they want to go. the site of that article was in texas. i've been all over texas, in big cities, outback. it doesn't resemble a problem. that was long before the time that i was well-known. all the outdoor resorts, never had any concerns whatsoever and this is the continued effort by many people on the left to divide us. to make us think that we are different with different outcomes. some of us are oprah's is and some are victims. this is crazy. stuart: the nbc report also includes this. black folks don't like trump flags at campsites. that is -- sound like they are trying to divide us.

that's not the case. >> in the administration we had several special programs, young black people came to the white house, hundreds and they were so enthusiastic and received so well, and look what has happened with the black community in terms of hbc yous and criminal justice reform, educational pursuits, some of the programs like opportunity zones that focus on many areas that are economically depressed, in terms of reviving those communities a lot more than the democrats did.

to say that a trump flags something they should be afraid of is absurd. stuart: it is indeed. a gallup survey, gallup poll, shows 18% of people 18 to 34 say they are extremely proud to be an american. 18%. is that because they have been told that america is a rotten country? >> a lot of people think this anti-americanism -- if you go back and look at the congressional record, january 10, 1963, over 60 years ago, 45 goals of the communist party in america, part of it included getting control of public school systems, teachers unions, the media, indoctrinating young people. this is exactly what is going on. we think we won the cold war,

the soviet union dissolved. they had a longer-range plan for us. we have to be smart enough not to fall for this. not to fall for the divisiveness, destruction of our values, removal of our faith and watching us disintegrate and it requires courage because we must speak out against it. we will be attacked. can't be the land of the free if you are not the home of the brave. stuart: always a pleasure having you on the show. don't know why you're such a stranger. >> absolutely. stuart: the president trying to boost diversity in the military. lauren: america's biggest strength is our diversity, continue to break down barriers so all qualified service members, race, sex, gender,

sexual orientation or religious background and respect. can reach their full potential. he is dividing the military and doubling down on it. if you look at the recruitment numbers for different branches of the military, 10,000 officers sure of their recruitment targets. we suffer, basing our national security on race and gender. if you are protecting me, don't care, you can be anything you want to be. stuart: just want you to be good. lauren: when you ask people how they feel about this they typically say they don't care. this is just a talking point. we are having problems recruiting. stuart: the big car companies teaming up against tesla. don't know what they are up to but we got a report on it coming up soon. kevin o'leary warning about

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oh, and happy birthday... or retirement... in advance. stuart: bottom right-hand corner of the screen, the dow, 48 points, the dow holding onto a solid read lead, one hundred 20 one points, had been higher earlier. lauren is looking at the movers. let's start with raytheon. lauren: down just 1%. some of the jet engines were recalled for inspection. bank of america cut them to neutral and look what they did to the price target budget was 220. they brought it down to 95. they say investor patience running short. at the same time the same bank

upgraded boeing, they can gain market share. stuart: i can see that coming. corrigan dr pepper. lauren: they are betting on continued price hikes. lauren: overstock.com. lauren: smaller loss, their acquisition of bed, bath, and beyond, if successful, is paying off, launched in canada, doing great, up 20 one% and next in the us, would you go to overstock.com. stuart: i will take that. the federal reserve did hike interest rates up 1/4 point, now moving 222 year high. ventures capital chair kevin o'leary warns the ongoing rate hikes could, his opinion, lead to more bank failures. and economist joins us now. more rate hikes will lead to more bank failures? what do you say?

>> more rate hikes are challenging not only for banks but also challenging for small businesses, almost invulnerable is the residential housing sector. i did a study on the subsector of people to economists showing that despite tighter lending conditions, it's more challenging for banks and small business. if the economy remains resilient and we don't go into a recession, that is good news and yesterday what does the federal reserve say? staff is no longer forecasting recession. that's encouraging, the real gdp report, there's a lot more strength to this economy than people assumed. stuart: we have a 2.4% growth rate for the year in emerging from the second quarter of this year. i was expecting the growth rate to come down. i thought it would come down a little but it has gone up. is the economy expanding and getting stronger? much stronger?

>> the economy is getting stronger, we had weaker growth, the study of using proprietary data, small businesses are very vulnerable but again, much stronger real gdp and you are seeing a weaker value of the dollar which helps thomistic companies, small businesses because they don't have as much competition from foreigners, that will give you a good tailwind. all those people including myself that were expecting recession in 2024 if we get one it is going to be milder and that is why the equity market today and the last couple weeks have been less fearful of another fed rate hike. the good news is if you look at the futures market you see the probability of a future rate hike has been coming down. even if we get it with a

resilient economy it is good news. stuart: sounds like a forecast of a rally for the stock market still to come. we will take that. a bullish outlook on stocks. see you again soon. big automakers taking on tesla. it is all about charging stations. jeff flock has the story. what are the big automakers doing with charging stations? >> reporter: lookout, the cavalry is coming. one of that has a charging stations that exist, tesla has the largest charging network in the world. 45,000 charging stations. that is worldwide. in the us about half of that. look at the 7 companies partnering together to build their own charging network that will be delivered, bmw, general motors, honda, hyundai, kia, mercedes building their own

charging stations and the biden administration taking credit for this because those companies benefit from a 30% tax credit for installing superchargers. listen to the secretary on this topic. >> bidenomics, it is creating new jobs, installation and maintenance. it is a step forward as we talk about the climate crisis. >> reporter: maybe not a crisis but this comes as sales of evs have fallen off a little bit. look at these numbers. a glut of evs in inventories, typical vehicle, 53 days of supply. evs one hundred 3 days of supply and prices are coming down.

$63,000, the sale price, 53,000, always give some positive news. a survey recently found 51% of people, considering an electric vehicle. are you in the 51%. stuart: i have to tell you i just bought a new ford f 150 gasoline powered. lauren: did you consider electric? stuart: i considered electric. didn't want one of those charging stations, i am going with what i know. ford f 150. creature of habit. recreational marijuana is legal, banning legal, and and military whistleblowers reveal

there's extraterrestrial life out there. roll it. >> as we convene here, in our inner airspace, they are underreported. these sightings are not rare or isolated, they are routine. stuart: one whistleblower admitted the government has taken extreme measures to hide the truth. matt finn has the details next. ♪ providing for your family is a top priority. but what happens when you need affordable health care? christian health care ministries could save you up to 40% today. as a member, you can choose your provider without network restrictions.

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stuart: the dow industrial average up 66. the nasdaq composite up 145. a former pentagon intelligence official is testifying the us is, quote, absolutely in possession of, quote, and identified anomalous phenomena. matt finn with me now. what else did whistleblower have to say?

>> there were stunning moments and explosive testimony in this hearing. the bipartisan subcommittee says and identified aerial phenomena or uaps are most important issue of national security, americans have a right to know about technologies and origins. 3 witnesses testified under oath, and the third whistleblowers a representative to the uap task force. david rush testified some people, and they are killing uap coverups. >> people are harmed are injured in efforts to cover up esther her steel technology? >> yes. personally. >> anyone been murdered the you know of or heard of? >> i have to be careful asking that question. i directed people with that

knowledge to the appropriate authorities. >> reporter: rush testified the united states has some type of uap crash retrieval and reverse engineering program but he was denied access to it. he claimed under oath the us government is in position of uaps based on his interviews with 40 witnesses over four years and when asked about uap pilot he explained they were not humans. >> if you believe we have crashed craft do we have the bodies of the pilots of this craft? >> biologics came to these recoveries. >> were they human or nonhuman biologics? >> nonhuman and that was the assessment of people with knowledge they are still on the program. >> there were more bombshell claims and one of the witnesses

says he will provide a list of hostile and cooperative witnesses. stuart: can't wait for that. elon musk wants to help boeing in the space race. lauren: help boeing's are liner get the parachute system right. it is hard to do, we sympathize. i know he's a cool guy, and innovative guy, is he a nice generous guy? will he charge boeing to help them out? boeing awarded a massive contract a decade ago but they had to keep scrapping us are liner launch because of issues, the pair should system is the latest issue. musk and tesla helping the ev companies with charging stations. and -- >> what's the parachute

problem. parachutes don't work anymore. lauren: hard to get the system right on an aircraft. and sympathize with that. blue and here's what i'm interested in. mastercard just band transactions for debit cards for marijuana. lauren: it is illegal literally. stuart: legal sales instead. 23 states legal. lauren: 38 medical. they fell into this loophole with mastercard and debit card and pay for it, mastercard brought to their attention. they say $30 billion a year industry at the federal level because it is classified. it -- that is when these pot shops pay their taxes they literally have a case of cash. it is hard to do business like that. stuart: a lot of security with that.

lauren: is congress going to work to change the classification of marijuana to open it up to the banking system. stuart: there may be back lash to the increase in states offering recreational marijuana. lauren: it is yesterday. stuart: the device yesterday, what the response to it was. this one for you too. america's biggest electric grid operator issued a level i emergency. lauren: it is pjm interconnection, people in 13 states, east coast. the district of columbia, a total of 65 million people affected, told to be careful how high you crank the air-conditioning. pgi is told about maintaining adequate power as people are sweating. this is a heat wave on the east coast. dc could see triple digit temperatures that they haven't seen since 2016, they called on

all power plants to operate overcapacity. stuart: thanks very much. hunter biden had a disastrous day in court, the judge rejected his plea deal, told him to go get a job. we try to tell you. $5 million linked to the chinese commonest party, grade schools, and that is next. ♪ there are currently more than 750,000 unfilled cybersecurity jobs in the u.s. the google cybersecurity certificate was made to fill that gap and help grow the workforce that's keeping us all safe.

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stuart: on the market the dow up 70, up 160 points. big tech, interesting situation. almost all of them are on the outside. big tech on the upside. one loser, microsoft down $2, 335. the price of oil, 79, 74, close to $80 a barrel, moving up, gasoline prices, gas is up $0.12 this week alone. now there's this. china's foreign minister has been mysteriously absent for a month and now has been

replaced. michael pillsbury is our china expert and joins me now. what is going on in china at the top level of chinese politics? >> reporter: the last few hours the chinese introduced a new phrase. malicious or malignant hype is being spread around the world about the disappearance of the foreign minister. don't know if you want me to go into it but i can tell you what has got them so angry they call it malicious type. an american term, imagine a beautiful fox hostess, shannon breen, martha mccallum hosts online that she is having a baby of secretary of state antony blinken and antony blinken denies it but it is online. a photo of her she post, picture of him, year goes by, gets away with it and the rumor

is the wife of the former foreign minister goes to the wife of xi jinping, says you got to do something about it. he's put under detention for a month, won't answer any questions, appears to be one of the biggest scandals in 50 years in chinese politics because if the foreign minister is close to xi jinping, traveled with him for several years on trips overseas, he's a spokesman, a chief politico so this is not a career bureaucrat that has disappeared. it is quite a salacious story. the chinese are embarrassed by it and the appointment of a former foreign minister to do the same job is one way of carving up the smoke of the scandal. we have to decide if we believe it or not. stuart: don't know if i believe it or not but it sounds like it

is a personal dispute between the wives of the foreign minister and xi jinping. in other words, it is not a complete division of the chinese communist party at the highest level. is that accurate? >> it is accurate. that's what they are warning the world, everything is fine, we don't want to say why he left but that's the chinese position. it makes me think this is a power struggle. this guy, the foreign minister is too close to xi jinping to disappear like this. a lot on china's reputation all around the world, we that you can rely on the communist party and by the way everything about him from the foreign ministry website loses speeches, it is all taken out, he's a nonperson right now. this brings up the worst kind of power struggles we have seen in the past in moscow and beijing. it is destabilizing.

stuart: the chinese communist party takes political power in return for prosperity for the chinese people. is that deal breaking? 30 seconds left. >> is starting to fray. they are explicit about it. for one hundred years the chinese communist party's history brought prosperity and stability. now is starting to break down. they are getting defensive. i expect the next foreign minister and the entire team will stress don't worry about this. the economy is fine, they are under stress. stuart: michael pillsbury, very interesting story. we will see you later. and new data links the chinese commonest party to schools in america. lauren: the confucius institutes, this is similar to that but it is happening k-12. it is data that has been compiled by a group called

parents defending education. they uncovered china influence campaigns, funding 17. $9 billion in schools in 34 states, 143 k-12 school districts including ones that are near military bases. an american school partners with the chinese institution which is linked to the ccp. they do it for cultural reasons. it is a security threat if you do it at thomas jefferson high school, very good school. you could potentially be opening yourself up to having them infiltrate what we know and what we teach. stuart: the potential for that, still ahead, john thune and potential impeachment inquiry. jason chaffetz on president biden's hunter problem. now this.

the president is taking hits from all sides. in my opinion now is the time for a real basement strategy, get out of the way, that is "my take" next. ♪ you should get a second opinion from innovation refunds at no upfront cost. sometimes you need a second opinion. all these walls gotta go! ah ah ah! i'd love a second opinion. take the first step to see if your small business qualifies. we got the house! you did! pods handles the driving. pack at your pace. store your things until you're ready. then we deliver to your new home - across town or across the country. pods, your personal moving and storage team.

>> you don't get a get out of jail free card. this isn't monopoly. she went back to the doj and