any ♪ ♪. stuart: why don't you sing along with me. lauren: i was a kid that was sing christmas carols in the backseat of my car. >> they would not invest in lessons for me. stuart: good morning, everyone it's 10:00 o'clock eastern we

played elvis right there, to the money, the selloff gets worse, the dow is down 360, nasdaq 171. look at the big banks they are down, moody's is going to look at the credit rating worthiness of ten banks downgrading some of them. look at the impact on the banking sector, all down two or 3% in the stock market down to the tune of 1% on the dow. the ten year treasury yield, earlier it was coming down. it is still coming down your back to 4% on the tenure, as for the two-year that's way below the 5% level now, let's look at oil it'd been going up holding at $80 per barrel as of right now that is a market on a tuesday morning and now this. at an alabama fundraiser this week donald trump said he did one more indictment to close out the selection. it was kind of a joke but he made a point as the indictment

spell out is support has grown. he is crushing the gop rivals in the famous new york times siena poll he is tied with biden head-to-head 43, 43. all of this is happening as he indictment hit. i think there is a strong belief that trump is not being treated fairly and is not being treated fairly in the past, russia, russia russia, impeachment over phone call, those are examples of vicious politics east on p trump hatred and it continues newark's radical da alvin bragg indicted him on the flimsiest of grounds he bent which wait for charges. >> resident biden was caught and ally in hunter's business dealings, jack smith played criminal charges on him about the 2020 election, the timing is suspect as trump's lawyer said this reeks of election interference, there is the

sentence of the irs agents a bidens corrupt family financing, how convenient. the department of justice road blocking investigation, they get close to biden. there is a pattern here, use the machinery of government, use anything that you've got to be the trump challenge all it only works if it seems to be fair and the jet, it is not seem fair and legit by a growing number of people that is a real threat to our constitutional republic. the second hour of "varney" just getting started. stuart: welcome pete hegseth, good to see you. i think you're probably with me on this i don't think trump is being treated fairly. are you with me on that? >> not just fairly systematically and fairly. you laid out, the timeline is today if you look at march 16 to

house oversight committee reveals chinese energy payments to biden, two days later trump announces bragg is going to indict him, two days but slow on the uptake. on the next three this is all 2023 june 7 fbi is forced to release the 1023 the next day june 8 jack smith indicts trump on mar-a-lago fast-forward a month july 26 hunter bidens a plea deal falls apart the next day more charges on mar-a-lago and most recently july 31, devon archer testifies and as you talked about biden's line, hunter biden is lying in joe biden is lying, the next day the january indictment comes down from jack smith. it is exponential for the brightest of the residential crime family and everyone in washington know. where is hunter way back in 2015 and 2016. it's an open secret. to get rid of that they go after

the political opponent on a very sharp timeline. what they didn't count on it would continue to make them stronger because the contrast is playing out in front of us in real time and people are not stupid. stuart: i did ask you on the show today, you are a military guy and there's something that is really bothering me they came upon the show yesterday, navy captain brett who warned about equity and inclusion infiltrating in the military. it is astonishing. >> marxist-leninist ideology that is wrapped in the di nomenclature. it is detached in the common czars that are enforcing this. you have naval instructions that direct every command down to fighting units that have a di agent this is akin to political common czars. stuart: that is extraordinary stuff not since the soviet union a political common czars attached to battle groups

dictating action. that is out of bounds you cannot have that. >> i'm not sure that's what the military calls it they called it an additional duty, in my unit of voting assistance officer where i help guys vote because the deployment happened to be during election time. officers get the assignments. this is insidious and obvious, think about it and major corporations who ends up dictating who gets fired and hired and what happens and what does it. the hr department informed by diversity, equity and inclusion recommendation. they say it's recommendation but it becomes mandate and pushed down further and further. in the military to command-and-control climate different than corporations you follow orders. if it's not happened at the brigade level you need an officer at the battalion to oversee all of the companies and if it's not happening at the company's unit 70 in each side of the platoon diversity, equity and inclusion is being honored

in the platoon, company mander is bubbled to the recommendations of somebody subordinate or outside of the chain of command to make sure they are checking boxes of females, number of minorities, all dividing units who otherwise should be cohesive, should be working together toward a mission. i believe it and i see it in the research that i've done as well. stuart: i'm glad we had you on the show to explain what is going on in the military. good stuff indeed. you can come back anytime that you like. donald trump's lawyers painting with prosecutors of the former presidents access to evidence of a january the sixth trial. lauren: the prosecution, the first amendment is the issue in the prosecution wants to prevent donald trump or publicly sharing evidence. trump's defense team says only some information should be shielded from the public because ironically this is a trial about first amendment rights, the court must balance the right to

openly discuss the case with integrity of the case, that is difficult to do. trump is running for president so he's going to be campaigning and in court at the same time. it all intersex, one strategy reported is using the trials and campaign events from other candidates to steal oxygen away from his opponents. i'll give you an example in iowa trump is going to have his own events he will not appear with the other candidates. he won't even appear with governor reynolds, the governor of iowa, she is not endorsed anybody yet. this is his way to stay in the headlines himself and make sure no other candidate polling connector numbers by giving them the spotlight. stuart: not a bad tactic. another 2024 candidate qualified for the august 23 debate, who is it now. lauren: mike pence, his campaign said quick and easy did the work on the donor threshold and is

looking forward to debate the issues and hopefully former president trump has the courage to show what. the campaign spokesperson said that. this is for the august 23 debate along with these other candidates who have also qualified, you see the big names there, of course fox brett baier martha maccallum are set to host it for the first republic and primary debate august 2:39 p.m. eastern on fox news channel. stuart: back to the market look who's here now. the cal jacket guy his name is scott shellady. i want you to express what mood this has been doing. looking at the credit worthiness of some major banks. i think that is what is hurting stocks this morning, what do you say. >> 's accumulative effect, first of all we had fitch downgrade the u.s. credit now we have movies coming out they downgraded banks and other bigger banks like u.s. bank and

the likes on awarding that is not good either, now we have news out of china with important expert falling way off what was expected in to see what's happening in italy with a windfall tax on big, big pro profits. there's a lot of things in the headlines of people conveniently ignore the tell me were still on very shaky grounds. we have a decent job situation and higher equity indices already set off against artificial intelligence and i'm still not too sure about jobs because you heard about challenger gray and christmas they put out a report every month. they said last week it doesn't hit the headlines the job losses in the first six months of this year were up 244% versus the six months of last year. we are on the precipice, the yield curve, the inverted yield curve is undefeated. we are still on recession island.

here is my palm tree it is a lonely island at times but i still say it's going to happen and all the pundits which i consider myself one are arguing about where we put the deck chairs were not whether or not the bow is going to sink. stuart: the systematic stuff. a palm tree in an allusion to the titanic. it's good stuff. you think were pretty close to her recession. i'm good and right there. see you later. i'm interested in this mover. tell ray which happens to be a marijuana stock. lauren: their buying eight beer and beverage brands from anheuser-busch from $85 million there grabbing 5% market share of the u.s. craft be a market diversifying away from mari marijuana. stuart: the market likes it, pop them up 20%, not bad, check and education. lauren: revenue is better and it

was in line, is that worth a 7% gain, yes, if you remember the three month ago the ceo because the stock to drop 50% in one day because he said chat gpt is already stealing market share from the tutoring services. after the earnings report he said students are realizing that chat gpt and what we do are very different things. up goes the stock. stuart: next one for you elon musk, his brain implant company for lack of a better word is called new your link. how much money. lauren: $280 million of funding round by peter thiel in his founding fun. this is month and made a secured approval for the first ever in human trial, nero link is valued at $5 billion. , how does this work a device that looks like a coin is

implanted in the brain and that is connected to a computer which merges the brain with artificial intelligence that could help humans in the short term with neurological diseases like parkinson's but it may be much more than that and planting our brain to artificial intel intelligence. stuart: if i had enough money i would be interested in the private placing. lauren: i'm sure he will take whatever you got. he solicited money on x on twitter. stuart: secretary grantham and hot water again. this time for privately consulting a chinese energy official before tapping our emergency oil reserves. it's a good story and we've got it russia launched more than 100 airstrikes in ukraine and the last 24 hours we have a live report from steve on that. china pushes the ukraine peace talks during a high level summit in saudi arabia, can beijing bring food into the table, foreign policy expert kiron skinner takes that on.

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stuart: on the markets it's getting worse, the dow is down 450 points, the nasdaq is on 200 points. a couple of factors, moody's is taking a look at the credit worthiness of ten banks. china is rapidly slowing down and italy is thinking about a 40% tax on windfall bank profits for heaven sake, all of that is negative and the dow is up 450. in the last 24 hours russia has launched more than hundred airstrikes in ukraine, eight

dead, dozens injured, greg palkot in keys. the latest. >> russia's brutal force felt again and apparently civilians in the crosshairs, last night a cruise missile was fired in the center of eastern ukraine 30 miles from the front line. a hotel, restaurant apartment buildings were hit and to add to the deadly chaos 45 minutes later when rescue teams were all over the scene a double tap and another missile was fired at least seven people killed over 80 injured, children, first responders, it is a horror that ukrainian experts are trying to deal with. take a look. >> you are looking at the brutal might of russian rocketry being assembled and analyzed at an institute in kyiv and its role for the deaths of hundreds maybe thousands of ukrainian civi civilians. after missiles hit ukrainian soil or knocked out of the sky the breakages were retrieved and brought to the lab like a

hypersonic knocked down by an air defense or the cruise missile and the lengthy still intact and small range but big danger models. the damage is impossible to estimate so we do everything to investigate. they take each one apart to find outward from from the last detail and serial number and then loads of evidence to use against russia and hope for future criminal trials. >> it is definitely no doubt russia is targeting civilians. >> another $200 million in u.s. military aid is set to be announced today. in that, we should have some more patriot missile defenses being sent here as we seen from today, those are much needed. stuart: greg palkot thank you very much. ukrainian officials say they folded an assassination plot against ukrainian volodymyr zelenskyy endeavor russian

format detained. always good to see you again. kiron skinner, welcome back. this has become a long war, is america united around fighting it? >> absolutely not. this is a work of continual escalation. you just showed what is going on in terms of civilian deaths, human rights atrocities, by the russians and every turn we attempt to support the ukrainians with additional and higher-level milled into military firepower but the work continues. recently the u.s. delivered cluster bombs to ukraine as a counter to the cluster bombs being used by the russians. look where we are this very day, this is a long war and americans are not unified around a growing

u.s. military presence in europe, we recently sent reservists to europe as a part of our defense in this conflict. , this is not be discussed and litigated among the american public is happy by the elites in washington who believe this is the right were for freedom. i'm not saying it is not but in the long run the victim public has to be behind his legislatures and leaders if we are going to be in this unending war is basically at a stalemate. stuart: china just attended high level ukraine peace talks, the conference was held in saudi arabia over the weekend. didn't do china any good, did they get anything out of this. >> yes, they always do and by the way the russians were not

front and center with a meeting of 40 nations, the chinese are developing in june they sent an envoy to europe to address the ukraine crisis. i don't know that the envoy left with anything. they are showing up at global summit after global summit mainly among nations in what is called the global south like saudi arabia. they don't necessarily leave with a major negotiation having led to an agreement about their presence there suggests leadership and counter to the u.s. presence as well. the chinese are doing something we have not seen them do at the level that they are engaging with partners all over the gl

globe. they will be a factor in the resolution of the ukraine were they are making that known. stuart: america's power is in retreat, do you agree with that? >> i half agree. i think were post-trump international order. what donald trump did as president is to move around the world in such a way that many of her adversaries are for enemies and our near peers would think twice before making an aggressive act they are not afraid of us now. they are not thinking twice about the united states. it does not mean that were in full retreat, we have to understand that the biden of administration is reacting to the world order instead of trying to shape it. president trump was trying to shape in order that would buy the world another generation or two of freedom with the u.s. as

a predominant actor. that is not happening right now in that way i agree with you. stuart: don't be a stranger, come back soon, that's really good stuff. i appreciate it. kiron skinner. two military veterans reportedly killed while fighting in ukraine. come on in, good morning to you. >> reports say they were killed during operation against russian forces. as for the state department it is only confirming that to u.s. citizens died in a drone attack in ukraine on july 29 but they did not name them out of respect for the families privacy but according to friends and colleagues of the two men both joined the ukrainian armed forces not as missionaries but under the strong belief that what russia is doing is wrong and the latest deaths mean 14 american citizens have died while fighting in ukraine since the war broke out last year. to be honest the exact figure is

unclear. stuart: now this new york city's mayor eric adams plans to build a new migrant shelter on randall's island that has parents up in arms trade we will tell you why 27 people shot over the weekend in chicago seven killed included an eight year old girl. we will tell you how the mayor is responding to the latest blood he weekend. that is next. it's not just designed to look good... it's built to command attention. it's not just a comfortable interior... it's a quiet refuge. they're not just headlights... they light the way forward. the new fully electric audi q8 e-tron models...

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stuart: let's see there is talk of recession, moody's is downgrading or looking at the credit worthiness of big banks, the italians may impose a 40% windfall tax on bank profits and china is slowing down combine all of that and yet the dow industrials down for 20, the nasdaq down 160. were looking at movers. fedex it is up in a down market. lauren: upses pains are fedex gains. literally, ups cut the full year targets because of the standout but they had with their labor union. in that process some big customers who need their customers to get medication very important items, diverted

shipments to fedex, ups says they shifted about a million packages a day in the lead up to the potential strike to other providers and fedex was a big gainer of the answer was ups. >> fedex wins against ups. home depot, what is the story. >> closes down between half% the advisory moves on bulk names downgraded to market perform warning of a cautious consumer and a slightly steeper slowdown in the near-term in the housing market. draftkings truest is saying. lauren: they got an upgrade when the market is down is up 3.1% under present, truest sense it's going up to $44 from 31 and they finally reach profitability in the past quarter but truest sees a sustained path to maintaining the profitability. there you have a draftkings,

another blood he weekend in chicago 27 shot between friday and sunday alone, seven of those people were murdered including an 8-year-old girl, pastor cory brooks joins me now, why did chicago residents and voters why did they vote in recently another anti-police mayor. >> i think chicagoans were very helpful after the fairly years of mary lightfoot that we would have someone turn the tide against violence. however, we are in a time and a place where woke is him and anti-policing is the order of the day and a lot of liberal cities like chicago and those efforts in those thoughts are permeating a lot of liberal minds and it's causing us to have issues specifically here in the city of chicago. >> president biden is losing support among black and latino voters less than half day there support president biden, 39% say we support trump why do you

think biden is losing so much of the minority vote? >> i think emigration is a big issue across the country. i know in chicago we see a lot of support for illegal immigrants who are coming into the country and are getting things that residents open citizens of the country and citizens of america in chicago are not getting themselves, there is a lot of effort being put forth to help them where you see black and brown individuals in this polished areas were suffering a great deal from crime and poverty in their communities and i think that is the main issue that is going to be on the forefront of people's minds going into the election. stuart: i believe you're trying to create community centers. i am suggesting maybe you're trying to create safe zones and a battle zone, without the accurate. >> that would be accurate we are creating a safe zone.

were doing something anywhere across america and am really trying to proclaim on the south side of chicago one of the most toughest neighborhoods $35 million center mostly from the help of a lot of fox viewers and conservatives across the country not believe in what were trying to do to turn the tide on poverty and violence and redoing and a tough area and we see when you focus on those areas and provide mentorship and training and the trades and you focus on community that you can turn the tide. we are building a center and were excited about it and it's going to make a difference and be a model for what can be done across cities that have some of the same issues. >> it's really good to get something positive going in chicago and you are doing it. pastor cory brooks, think of for being with us. we always appreciate you. >> i appreciate you, thank you so much. a nasty story a huge brawl it's a popular place the riverfront dock in alabama.

you better take us through what happened on this one. >> disturbing video, the footage shows the chaotic on the riverfront dock montgomery alabama and happened this past saturday. video shows a black man described by witnesses as a cruise boat crew member engaging with white men on the dock more than engaging and fighting him they got physical and started hitting him that's what escalates into a massive brawl with punches being thrown, people being hit with chairs and one person was tossed into the water reports say it all began when a cruise boat employee that particular one asked the men to move their boats because it was blocking another riverboat full of guest they did not like the request and it got out of hand. police have issued multiple arrest warrants as investigation continues. stuart: plain ugly. everybody has a camera so you

see all over the place. the mayor of new york city, eric adams announced a plan to build a new migrant shelter on randall's island. parents are pushing back, madison alworth, she is on randall's island at the moment. what are the parents saying and pushing back for. >> they are upset because the fields are constantly used by teens and kids and now that has been taken away, the parents and coaches that represent these kids are beyond frustrated. >> it is absurd, outrage, myself as well as many of the clubs will leave us in a lot of situations where kids are going to suffer. i'm moving closer to the camera, as you can see their actively doing construction as we speak. the city moving so fast on this it was announced yesterday that

this field would be converted into the newest migrant shelter the issue with this the constantly used it's the summer, you see all the other fields teams and camps, just like that fortify fields taken off-line all the teams and kids now displaced. coaches not sure where they're going to go they feel upset that the youngest generation of new yorkers are being impacted by this. like i said the city moving quickly just announced yesterday construction started today and we got to speak with some of the construction workers there redoing pilings into the ground to build the flooring because 2000 single migrants will be moved onto randall's island as the latest migrant shelter as we deal with this crisis here in new york city. we reach out to the randall park alliance saying in part while we are empathetic to the humanitarian crisis, we also

understand that taken a highly used athletic fields off-line is a loss for many nyc schools and leaks. city hall continued to say they are running out of options. at this point the city has opened over 190 emergency shelters including 13 other large-scale humanitarian relief centers with migrants camped out in front of roosevelt hotel last week. what we saw, four days it's clear more space was needed the reality of the families of new york city are upset the space being used is green space which is hard to come by in the city we are constantly reaching out to city hall to get answers of where the neck shelter will be, what we keep hearing all options on the table, one of those that continues to remain on the table central park which even if you don't live in new york city you know the name it's a park that's heavily used not only by the residents of new york but by anybody that comes to visit the city. stuart: new york city is paying a heavy price for open border and being a sanctuary city, very heavy price indeed, it's getting

worse. thank you very much indeed, we will see you later. exclusive photos showing armed cartel members, illegally crossing into our country. the just and body armor. we have the story. white house link tv maker pro tara has filed for vacancy right as biden pushes his green agenda arizona today. grady trimble breaks down the white house ties to the bankrupt from tara. that is next. ♪ let innovation refunds help with your erc tax refund

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grady trimble is with us, they have a strong tie to the biden administration right? >> yes president biden seems to be a fan of the company that is now filing for bankruptcy. back in 2020 when the president took a virtual chewer of the electric bus and battery maker manufacturing facility in south carolina and energy secretary jennifer granholm sat on the company's board before taking on the cabinet position. granholm also sold $1.6 million worth of shares in the company in 2021. the energy to permit said that was aboveboard and met its ethical standards but granholm and a number of senior biden administration officials have faced questions over owning stock in companies that could be involved in regulating. >> 28 energy department owns stock in exxon, 17 officials own and chevron, 50 hold stock in both. >> they may not be doing anything related to fossil fuel.

it may be part of their portfolio but it does not involve or influence in any way our actions. >> preterra ceo blamed the bankruptcy filing on various market and macroeconomic headwinds. he went on to say that the foundation that we have built has set the stage for decarbonization across the commercial vehicle industry. this is why were taking action to separate each product line through the chapter 11 reorganization process to maximize their independent potential. now the company will keep paying employees, vendors and suppliers but this is the latest example of an electric vehicle company going green but unable to make it. >> we have seen it before, thank you very much indeed. more on energy secretary granholm she's also be looked at over her talks with the chinese, this party. tell me more.

>> a group of 29 house republicans pressing granholm to divulge more information on the talks that she held with the chinese government official back in november of 2021. those talks with the chairman of china's national energy administration came just ahead of the biden administration decision to tap emergency oil stocks through the strategic petroleum reserve, and a letter to granholm they say they are troubled by the conversations by the chinese top energy official days before the spr was tapped, the group also accusing the energy department of mismanaging the spr and leaving the country were vulnerable to energy supply disruption while giving leverage to adversaries. they want to know what was discussed. stuart: thank you very much, check the markets again, we still have a 400-point downside move on the dow industrials we still have a nice solid loss on

the nasdaq down one and a quarter% the s&p 500 down 1%. the next case, single nio called out his publicist for releasing a fake apology after nio criticized parents who let their young children get gender transition surgery. he is not scared of cancel culture we will follow up on the story. donald trump claims megan rapinoe for the u.s. soccer team world cup loss. he said woke equals failure, brian kilmeade on that next. ♪

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stuart: nice gains on wall street yesterday completely a britty rated today, the dow up 400 the nasdaq closed at 200-point loss right there. 251, time for brian kilmeade who miraculously appears on the screen, donald trump blasted megan rapinoe after the woman team soccer loss over the weekend. many of our players are hostile to america no other country behaved in such a matter or even

close, woke equals failure, nice shot meghan. ", i gotta tell you i am with trump on this. >> i wouldn't personally, trump has mastered the culture wars, personally i would not weigh in. we had so many major issues at the border, summoning major issues that we had with the widows and the family members that lost the former president that is. i was there 99 i saw time magazine when people cared about the and sports illustrated when they dominated women's sports illustrated brandi chastain taking off her shirt, the first world cup ever that the u.s. would win i watched china, japan, sweden different times of the emerging challenge but i never seen a team so disjointed with the lack of cohesiveness more than this team in particular they did have the

instinct that abby juan back at me and him moved to the table in years past. stuart: it wasn't just tactics and strategy it was division was political division within that team. they were not coherent unified unit they were at each other's throats. i don't think the world caught up to us, we have the best talent in the best athletes and i think alex morgan who is a great player everyone underneath megan rapinoe they let her go out front be the voice of the team and others would take a step back and be the face of the team that is in for the era, repeat no is going to retire, alex morgan might be retiring in this could be a new generation and olympics next year end they could rotate the coach but i've never seen more people say i'm glad they are out. never in my life ever. >> repeat no advertise for

several companies and she appears in those ads, do you think we might have another bud light situation. >> that's interesting i never thought about that. if you think about it if you remember her speech on the world cup you have 9-year-old girl sitting there and every other word is a curse word. you see the way that she repels field and how quick to take any and criticized the country i'm not one of those criticizing the team because they didn't sing the national anthem, i don't think you have to sing it but when vietnam shows more patriotism than you, communist country that did not allow women to play sports ten years prior i think that is a lack of perspective and i think america has moved on. we understand we had the compulsion to the pandemic in the george floyd. we've moved on, were coming together again in many respects and especially in sports, the nfl we don't deal with to national anthems anymore and i think the people say it is about

time you got what you wanted plus she missed an easy sitter and a penalty kick, nothing is easy to score in the world cup but these are stuff that elite athletes do. stuart: i will bring this up, elon musk, mark zuckerberg gearing up but you i believe, brian kilmeade have fighting tips from tyrus. i think we have video. did you learn anything brian. >> i learned not to fight tyrus and i also learned that when it comes to the octagon in a coaching situation this is not going to happen it was a chance to lock horns, tyrus and i have had a rivalry for years and a lot of people want to see me get the ring with tyrus but i did not have the time because we had a pickleball segment coming up to really go after them and i let him dominate any is a saturday night show and i want to give them a quick confident ego boost.

>> i don't know what to say about that brian, don't put me in the ring with anybody it's a simple as that. you're alright, thank you very much indeed. still ahead texas congressman chip roy wants to cut the funding for the justice department and homeland security, jimmy ceylon republicans losing interest in the war on wellness and charlize trump shutting down the gei office, this to voters in europe see the cost of green policies and their reversing cost on climate. when does that happen here. that is my take and that is next. ♪

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