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

said are you investigating? could he be charged? it's unprecedented, he's in trouble. >> this really revealed how corrupt this whole process has been, how much hunter biden has been treated with kid gloves and what least been done is manipulate the system to get away with far more than anyone. >> the climate has been changing as long as this has been a planet. there's no question that the climate is changing. fewer people around the world is a percentage of the population died today from extreme weather than at any other time of the history of the world. >> everyone has become an ai company and, yes, everyone is off to the races. it's about montyization. that's the story and no longer the m meta verse. ing its not just a economy growing but people are realizing the economy is really growing.

stuart: charles payne is on the set. one of the best dressed men in american television, ladies and gentlemen. charles payne gracing us with soft editorial elegance. get on with it. 11:00 eastern time, thursday, july 27 . that's a rally, at least for the nasdaq. dow's up 35, s&p up 22. the nasdaq is up 141 points, exactly 1%. big tech, most of them are higher. the only loser there is microsoft i regret to say, it's down $1.48 but the rest on the upside. the yield on the 10-year treasury, that is now moving up to 3.95% getting perilously close to that 4% level. now this, the white house is under siege. the president is hard pressed on all sides. now's the time for the basement strategy. get out of the way as much as possible.

take very few events and manage them carefully. better yet, take a long vacation to the beach house or camp david. of course it won't be that easy. he's got a hunter problem that's not going away. next week his business partner devin archer testifies he moved the money around. he's got a tale to tell about joe biden's involvement. did he talk business with hunter? he says no. the testimony says yes. the white house may change the language but he's been caught in a lie. if the republicans use impeachment as a tool to get more information, it'll further test the credibility of the whole administration. the judge in hunter's hearing threw out the wrist slap settlement and wants more information. if they get into hunter acting as a foreign agent while his father was vice president, that's a whole new can of worms that opens up. hunter currently livings in the white house. imagine that . a foreign agent living with the president of the united states. the president has policy problems. bidenomics for example. voters are not buying it and workers are still losing ground

to inflation. the president faces continuing questions about his ability to do the job. every slurred word, every time he loses his train of thought or physically stumbles, the question comes up again. how can he keep going for another six years? the republican national committee checked biden's vacation days and found he outpaces virtually every other mott earn president. as of july, he spent 352 days on vacation, 39% of his presidency. when the white house under siege, the basement strategy becomes a long southern vacation strategy. i doubt he's going to get much peace and quiet. third hour of varney starts now. stuart: the gentleman on the right hand side of the screen is

jason chaffetz. would the basement strategy get him out of a jam? >> no, because he's been on a basement strategy since he started campaigning. he's the least vigorous, struggles cognitively and has for a long time. these problems, stuart, you know, everybody knows who's watching, it's getting worse, not better. time does not solve this. more jill biden, more cow bell, more joe talking about bidenomics is not going to change the dynamic, and i think he's going to continue with this strategy because he has no choice. it's the only thing he's done and it's getting worse, not better. stuart: senate minority leader mitch mcconnell froze mid sentence as he addressed the media yesterday. he stayed silent for about a half minute. he was then led away by his colleagues. nbc reports mcconnell tripped and fell earlier this month getting off a plane. senator ted budd confirms mcconnell fell a separate time

before meeting with the president of finland in february. i think we need a generational change in leadership. what say you? >> yes, i agree. i have the greatest respect for the minority lead but, you know, there just comes a time where you have to exit the stage. i wish him nothing but the best, but people like a senator feinstein and mitch mcconnell, they just have to step down. it is wrong for them, their staff, their spouse to continue to prop this person up. i know it's great to be the leader. he has nothing left to prove. he's been the longest serving leader and he's accomplished amazing things with the courts and everything. there's no other box he's going to check by continuing to serve for the next year and a half. put somebody in there who can actually live up to the vigor of the job. that's a tough call but the right one for the country. doesn't matter which side of the aisle you're on, at some point you've got to step down. in this case, sadly i think he does. stuart: do you think that senior

democrats will at some point step in and tell joe biden it's time to step down? >> i wish they would. i think feinstein and senator fedder man. we're supposed to have this -- fetterman, we're supposed to have a vigorous discussion and one of the most difficult jobs on the face of the planet. at some point, you can't just keep propping these people up. everybody sees it. stuart: you got it. jason chaffetz, difficult subject to address but you did it well. jason, thank you for joining us. see you again soon. >> thank you. stuart: turning back to the markets and look who's here now. charles payne, the man himself. how much longer can this tech rally go on? >> a long time. it's just getting started, particularly the ai part. stuart: music to my ears. >> a long, long time. you know, a great research report was done on stock market from 1926, last 100 years. the wealth creation because when we talk about investing, all

we're talking about is everyone watching this show sharing in the wealth creation of these companies. at the top of the list is apple, almost $3 trillion in 40 years. behind it you've got microsoft, alphabet not even 20 years old already $1 trillion. amazon almost a a trillion dollars. nvidia isn't even on the list yet. i mean, we're talking about wealth creation for generations to come. the guessing game on when we hit the top on this is a major mistake. anyone looking for a near term top, especially when it cops to things like ai. i mean, everyone's going to -- every single business in the world will use ai at some point. event i even a one person shop, especially a one-person shop and every single student from k through graduate school will use ai and an en intricate part of everyone's life at some point and grow and mature and get bettbetter and better and then t we do and the product it is helps create, we're just getting started.

stuart: your message is get into big tech now and don't worry about whether the rally continues for another 100 years or get a huge selloff. get in it because that's the industry of the future. stuart: it is the industry of the future. there's no doubt. you'll monitor because they're creative disruption and probably a company right now being -- someone f is in their garage making a company that takes nvidia off the top shelf. when these reach the peak, they don't fall. sears was the number one retailer in the company for 50 years then it vanished. wal-mart is no. 1 and at some point it won't be number one. when they degree crate all of the cash, they're creating wealth and as a shareholder, you get to share in that. stuart: you've got a town hall, 2:00 p.m. eastern on this network this afternoon. it's all about investing and how to make money -- okay. tell me more. >> stuart, the bottom line, everyone has to be in the stock market. bottom line. bottom line. listen, i understand when people tell me that in the market. i've been dealing with this for 30 years. people stop me in the street. they'd in the market because

you're a consumer. you're in the market from the second you wake up. when you put your head on the pillow, you're in the stock market. we're part of the economy. i just want people to take advantage of these things because it's the greatest money making machine in history. i bought my first stock in north dakota at dean whiter. dean whiter. stuart: you've been at it for a long, long time. moral is stay in it. get in it early. >> when i was in the air force, i asked all my friends to get involved. everywhere i've gone, i've asked people to get involved, and i've

been pleading with them change your life. this is a great way to change your life. stuart: it is indeed. hold on a second, charles. there's a town hall, 2:00 p.m. eastern this afternoon on this network. also -- >> live audience by the way. i don't know about the drinks though. sneak new four part podcast series, charles payne unstoppable prosperity podcast and listen any time anywhere and foxbusinesspodcast com or apple or spotify or wherever you listen to your podcasts. >> there's great colleagues on there too. people will love it. stuart: charles, you're all right. you're really well-dressed. thank you very much indeed. lauren, look at movers. i see comcast moving.

stuart: it's one of the few streaming services i have is peacock because of the premier league. nvidia, they're up. show me. yes, they're up. lauren: the chip makers are up today. look at lamb research and latest trigger speaking of artificial intelligence and up 9% and really strong earnings and ai boom. but look at nvidia, they're the biggest player here. they are estimated to account for 75% of the artificial intelligence semiconductor market that has propelled meta and all the other tech companies you were talking about. nvidia reports and we'll get more detail at the end of august but the stock is up 200 plus percent this year. stuart: same store sales of mcdonalds up 10%. lauren: in the u.s., yeah. lauren: the stock is up and sales root is 600 billion and now they're teasing a spinoff mcdonalds, cosmics. it'slike an alien that creates

mcdonalds food and like a mcdonalds part 2. stuart: charles always told me to buy stock in companies you know and like. i love mcdonalds but never bought the stock. lauren: i thought you love wendy's? stuart: i come and go. honeywell, that's a dow stock and i think they're down. lauren: yeah and they're shaving 70 points off the dow. they reported earnings, which were sales, missed expectations and outlook not good either. it's an industrial conglomerate and a dow stock. dow is down 4 points and honeywell is a big reason for that. stuart: charles, see you at 2:0024 afternoon. thank you -- 2:00 this afternoon. thank you, lauren. >> all right, see you. stuart: eight states adopted uniuniversal plans. in the places that need them like chicago. we'll get into that. thanks to ai, 30% of working hours in this country could be automated by 2030. the people most likely to lose

their jobs? women. good lord. we'll explain. hunter biden pleads not guilty to federal tax charges after his plea deal derailed in court and white house sidestepping and calling it a "personal matter for hunter". mark meredith has the story after this. ♪ we never just see the numbers. we see the people. marcus: detroit, it's just changed so much. you can see what it once was. and then, i think about what it can be. as an entrepreneur, it's about how i can give them the tools to empower themselves if we can just all do something small, all the small things will start to amount to something big. that's why we're here to help make it happen.

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now it's your turn to lose weight, look great, and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com. stuart: hinter biden's plea deal collapsed and he's still under investigation. mark meredith at the white house. mark, what's next for hunter? reporter: stu, good morning to

you. the white house going to great lengths for avoiding any kind of spicey comments on developments involving the first son and because it's going to be prolonged a bit longer, it looks like this could complicate the president's agenda and reelection efforts and "the wall street journal" did a great job summing it up this morning and after wednesday's developments, there's a heightened legal peril for president biden's son and could give the political opponents fresh ammunition in the scrutiny of the first family. once the plea agreement fell apart. hunter biden entered a plea of not guilty and it's still possible that could be reversed and a deal could be reached in the weeks and months ahead and the federal judge overseeing this is demanding more and and immunity deals out there and going to great lengths for hunter and sobriety. reaps on the hyal are celebrating the judge's decision especially in the wake of on your screen from last week. that was the testimony of those two irs whistle blowers who

claims limits placed on the investigation both into who and who could looked at because it involved the president's family. one person that's been watching all this so closely is the chairman of the house ways and means committee. here's what he had to say. >> i wasn't shocked and proved what the whistle blowers evidence provided that this plea agreement was a sweet heart deal of hunter biden. i'm glad that the judge refuse it had yesterday. it shows that no person is above the law even if their last name is biden. reporter: chuck schumer has faith in the prosecution and believes it'll work out fairly and as for the president, he has yet to weigh in publicly. stu, later on this hour, we'll shout questions out at him. we'll do our best. stuart: i'm sure you will. watch the democrats respond to questions about president biden and impeachment. roll that tape. >> i wanted to know if you'd

support an impeachment of the possible involvement of president biden in his son's business dealings? >> no. >> yo would we want to impeach him since there's no wrong doing? >> why don't democrats seem to care about the evidence coming out suggests he was involved. >> there was no real evidence. >> wouldn't an inquiry help them get the evidence you say you don't have. >> it's that republicans don't have evidence. they want to do an impeachment without evidence, that's the problem. stuart: susan: where do you stand on lawning an impeachment inquiry? >> stu, look, you have to follow the facts and obviously congress has a role and oversight role and it's important that they perform that role. if there are irregularities and things to look into, they should look into it. i don't know where it all heads but i will tell you this, i think that the democrats used to

weaponnize impeachment with the majority a couple different tines and turns about as fair play and i hate to see impeachment getting weaponnized and used in this fashion. i would rather that we change the direction of the country by winning elections and that's whale be focused on i think you have to follow the facts and see where they government at this point, my view is this is very early onto make any judgments about whether or not they ought to move forward with the proceeding. stuart: senator, we're approaching one year of bidenomics and the inflation reduction act. in your opinion, is it working? >> it's not. i mean, the $10,000 a year and costing families living with

basic living expensive and the asset value decreased by average of 6% or $34,000 per family in this country. the economic data doesn't lie and taste why i think the president is out there trying to put the best face on this, it's not working with the american people because they get it. inflation is growing at a much faster rate than their wages are and they're falling further and further behind. that's simple math. stuart: we got a report that the economy expanded at annual rate in second quarter 2.4%. it's expanding a bit more rapidly. not suggesting that bidenomics is responsible for that, but it's going to weigh on the minds of voters. >> look, want good paying jobs and the economy expanding and it's going to be hard notwithstanding if inflation is increasing like it is and now the fed just raised interest rates for the 11th time yesterday to the highest rate in 22 years so people are seeing it on the inflation side. they're seeing it when they buy homes and cars and all those

sorts of things and i think that's the reality most americans are dealing with. we all wish well for the economy and want the american people to do well, but it's hard to see a scenario where more spending, expansion of the regulatory state, higher inflation, higher interest rates leads anybody to a better place. stuart: parts of your state south dakota are under a heat advisory too. would you describe this as a climate change? >> it's hot in south dakota in the summer. it's just a reality that we live with. i think we all ought to be do hag we can to reduce the carbon footprint in the country and south dakota leads the way, 82% of the energy generated in the state of south dakota is renewable. it's hydro, wind, of course we're very -- a big state when it comes to bio-fuel and south dakota is leading the way and

doing our part. what i will tell you is that i think the climate changes and does change through time and i believe on some level at least that human activity contributes to that and we ought to do what we can to reduce that be new a way that doesn't crush the economy and do great harm to people's daily lives. stuart: senator thune, thank you for joining us and we know you're busy but appreciate you taking time out for us. >> always good to be with you, stuart. stuart: thank you. spacex scrubs historic falcon heavy lawn and have called off with 65 seconds to spare. we'll tell you all about it. run desantis an avalanche of criticism for standards of teaching african american history. critics say he's whitewashing slavely but a prominent civil rights figure helping write the curriculum said they got it all wrong. the full story, next. ♪

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stuart: so i recollects messing around with my friends. on the market, dow industrials up a mere 10 pointings now. but do have the nasdaq still up well over 1%, that's 157 points and bearing them in mind the gain for the nasdaq, show me big tech and most up with the exception of microsoft and apple at 196, amazon 132, meta, look at it go. it's up $21. the only loser is microsoft. don't you know t that's the one stock that i own and it's down $1.22. i'll recover. a new report claims artificial intelligence will take more jobs from women than men. is ai therefore sexist? lauren: i don't like to use labels. no, i'm going to pour cold water on this study from mckenzie saying ai could automate about a third of hour's worked by the year 2030. it could take more jobs from women because replaces tasks in fields that women are present in like human resources, food

workers and things like that. we don't know how ai will play out. ai can design a house and unless it designs a row bat, you need a physical man or woman to swing the ham tore build the house. women are many likely to be threatened by ai then men. stuart: ron desantis get ago lot of heat over new set of standards for schools teaching after reigns leading condition american history. steve hair began is with me. steve harrigan is with me. >> stu, that sentence has drawn attacks from both sides. that sentence reads introduction includes how slaves develop skills in some instances could be applied for personal benefit.

putting l words slavery and benefit in the same sentence kicked off a controversy. vice president harris flew to florida to what she called fight back against this. here's the vice president. >> they dare to push propaganda to our children that . is the united states of america. we're not supposed to do that. >> meantime florida's governor ron desantis pushed back saying critics are trying to create a false narrative. here's the governor. >> we are teaching the honest history, good, bad, and ugly. teaching all the injustices with respect to slavery and a whole bunch of other things that happen. that's not good enough for them. they want to wrap that in and use that to advance their modern agenda. >> slavely was evil and florida knows ho to teach children what

evil is because they do it with the holocaust. why are we using slavery at this point of time? >> for one of the men that created this curriculum, dr. william allen, he says the critics have it all wrong. >> fathom geopoliticals a stop woke law back in april last year. stu, back to you. stuart: thank you. christopher ruffo is with me this morning. desantis' stance on school is creating an avalanche of criticism and harris said he's pushing propaganda. do you want to respond to that? >> it's not true and predicated on the false notion and idea of the left and slaves treated of in agency and capacity of stills and having really no ability to transcend historical

circumstance. the true sentences in florida and slavery was evil and even under these browal human seasons, slaves learned skills they were able to apply in their own life and even apply after the abolition of slavery. stuart: if you don't condemn slavery as 100% absolutely horrific and awful, you're going to get criticized. >> yeah, but it does condemn as 1100% awful. this was in the curriculum that the vice president was promoting saying this is great. it was taken out of context and the words were twisted and a fake scandal used to drum up narrative. >> even actually blue states and so this is the kind of thing

that voters need to start seeing through and they should read the documents themselves and i always it's nothing like it's made out to be like demagogues like devin newsom and kevin harris and teachers as well. stuart: i've been a cheerleader for school choice and great o see so many schools adopting enjoyed school choice and why isn't it in the places that need it, for example chicago? >> because they know who butters their bred and they run the legislative process and they hate school choice because it gives parents ability to opt out

of public schools and reduces power and budget and they'd rather keep kid traps in their schools and harvest income and power for themselves and no matter whether a place like chicago, the outcomes for kids are quite disastrous. stuart: i suppose de-unionization of the public schools is a pipe dream? out of the question. >> it's not a pipe. for many decades -- stuart: didn't know till the early 60s. >> true. for many decades people said school choice was a pipe dream and now it's in seven states and teacher unions should be apolished and all public sectors and voters elected legislators that send money to union and back to politicians. stuart: do you cover this in your book? the book is called america's cultural revolution, how the radical left conquered everything.

>> how can all of our institutions be gripped by the ideology of critical race and gender ideologiology and this book reads and gives conservative leaders the ammunition they need and how to fight back. stuart: chris rufo, thank you for being on the show. appreciate it. tesla under investigation in california. the attorney general demands answers about autopilot safety. good story and we've got it. hunter biden's plea deal on hold. the judge threw out the wrist slap settlement and wants more information. if they get into hunter acting as a foreign agent, a whole new can of worms opens up. we'll deal with that next. ♪

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stuart: spacex had to call off the launch of the falcon rocket last night. it was close. the mission is sending the largest commercial communication satellite into or bit and the reason for the scrubbing "a violation of abort criteria". it's not clear exactly what that means. they'll try for another launch tonight. you got to check the markets

former u.s. attorney guy lewis is joining me now. how big of a threat is that if hunter is investigated as a foreign agent? >> good morning, stuart. the threat is huge. that's why the entire spreeding blew up yesterday in federal court as the judge this paperwork gave hunter immunity and she starts asking questions like anybody would how extensive is the immunity and she learned when he was both still under investigation for this -- what you mentioned being an agent of a federal government, china and ukraine, then the proceedings just blew up and that's when she said, listen, you guys better go get your act together and come back and see me. both sides will file paperwork next. stuart: now, we could be looking at an extraordinary situation

because if hunter biden is considered a foreign agent hi living in the white house. a foreign agent, hunter biden, living in the white house with his dad, the president of the united states. >> i got to tell you, stuart, the white house press secretary, she can get up all day and say as many times as she wants that it doesn't have anything to do with the president. the evidence doesn't support that . the evidence indicates here's over there, he's talking and text and e-mails they've uncovered and the money trail has anybody ever explained what the money was for? when the money went to the big guy, what was that for? nobody. the investigation, a tough,

hard, water gate tap investigation needs to be conducted here, and we need to get answers, and i'm telling you the white house is not going to like those answers. stuart: however, it could all be resolved. the judge said to the prosecutors and defense attorneys you've got 30 days, work out a deal. when they come back with a deal, it's possible the judge will say, okay. h, and it's all over. >> that's a great point, stuart. if they reach a deal, it's not going to be better. it'll be substantially worse for hunter biden. i've done this for a long, long time and never seen a deal like this. stinks to high heaven, and it's extraordinary. some of the evidence implicates the president of the united states. stuart: six monthings down the

road, where will we be? >> they'll come back in and try to resolve this thing because the stakes are so high and the question then becomes whether or not they can satisfy this federal judge that there's really nothing to look at here. just keep moving on. i don't think it's going to happen. i think this deal is dead in the water. stuart: it's a trump-appointed judge. it doesn't count. what do you say to that? >> look, i think she's taken an oath to follow the law and just like archibald cox, the former solicitor general for the kennedy administration came in and reeked havoc in the administration and led to the resignation of the sitting president, nixon. could lead to the same thing here. stuart: strong stuff. guy lewis, you made impact with

that statement. see you again very soon. it's that time when we show you the dow 30, we'll give you a sense of the market. well, the sense of the market right now is that about two-thirds of the dow 30 are in the green. they're up and the dow itself is up 41 points. my next guest will lay out his plan to beat the in incumbent george gascon. that plan is next. ♪

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stuart: tesla reportedly under investigation in california. that thornhill tore is all about the safety of -- this is all about the safety of autopilot technology. some drivers say the model 3 self-driving feature suddenly causes the vehicle to stop in the middle of the road. they're calling it phantom braying and may be investigate -- braking and may

be investigated. my next guest wants to oust george gascon. jonathan, you're challenging gascon but he beat a recall last year. how do you get over that? >> stuart, thank you for having me. i've been all over los angeles and spoken to voters and i've listened, they do want one thing, stuart and that is public safety. i will become the next district attorney of los angeles and i will immediately end george gascon's experiment here in los angeles. stuart: if you win, you become the da and what do you do about shoplifting, which is obviously a scourge in los angeles? >> it's a misdemeanor. 36 of the 38 voted no confidence in gascon because he won't charge their misdemeanors. santa clarita has thousands of misdemeanors not prosecuted and same with whittier, there's a individual in a apartment

medical examiner in hollywood naked and terrorizing the residents there and george gascon refuses to prosecute indecent exposure and we'll prosecute misdemeanorses here in los angeles, we'll prosecute threat, criminal threats, disturbing the peace, truckenness and arresting. we'll e clean up the metro and prosecute individuals committing crcrimes and assaulting individuals committing crimes on the metro and dealing fentanyl and killing the teen teenagers e refusing to prosecute them to the fullest extent of the law. it's called doing your job and following the law and making sure that our community is safe. the way to do that is make sure you prosecute crime. stuart: one last one if i may, another problem that's plaguing california cities. fentanyl. what would be the first thing you do about fentanyl on the streets of los angeles?

>> i will announce to everybody in los angeles that you deal fentanyl and that you kill teenagers or children or individuals and you poison them, if we can prove the case beyond any reasonable doubt, we'll prosecute them to second degree murder and in los angeles, gascon refuses to do that and many cases are going to the feds and many counties around the area are prosecuting with second degree murder and it'll be deterrent, how is it a deterrent? drug dealers don't want to spend the rest of their life in prison and when you take a drug dealer and put them in custody, they can't sell to anybody else. stuart: jonathan, we appreciate you being on the show. we'll talk to you again soon. thanks very much, simplet appreciate it. >> thank you for having me. stuart: quick note for viewer, don't forget to send in your friday feedback. tomorrow is friday. e-mails questions, com commentsd concerns to varneyviewers@fox.com. lauren: are we doing friday

feedback tomorrow? stuart: yes, we are. yes, you are. lauren: that's what i didn't want to say. stuart: now it's the thursday trivia question. this has got me. what was the first vegetable grown in space? lettuce, potato, radish, or cabbage? what could it be?th the answer afteris this. ♪ rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! .. a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com.

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stuart: where do they come up with these questions? what was the first vegetable grown in space? lettuce, potato, lettuce, cabbage? i don't know. i say let us. lauren: that is my first instinct. i will go with lettuce, doubling down. stuart: the answer is a potato, first tested on the space shuttle columbia in 1995. we have a little time. if the rally herds especially on the nasdaq. and and 29 points. big tech are higher. and don't forget to send your friday feedback.

send your concerns to varneyviewers/fox.com. i expect a lot of editorial. i complained about vaping devices, one of the worst things possible, or high school kids. and my editorial cost quite a stir. what do you think? lauren: we do that tomorrow. stuart: a huge threat to the education of our children. you don't know who is stoned. lauren: when they are supposed to be learning. my teachers complain about this, nothing they can do about it. stuart: you don't know who is stoned, it seeps into your pockets. time is up. coast-to-coast starts right now. neil: 14 straight updates for the dow if we make official close with again