stuart: shake your groove finger by peaches and herb. >> are you peaches or herb? and you never heard these songs before? stuart: you know peaches and herb? >> you don't know that song? you were alive in the 60s and 70s. stuart: i was alive and kicking. good morning. it is 10:00 eastern. straight to the money. the dow is up 550 one points, that is 1.3%, solid gain,

nasdaq is up 0.74%, s&p is up to 0.82%. dow winners, give me that list, topic it is 3 am, home depot, caterpillar all moving up big time. how about the 10 year treasury yield, 420, yield is coming down a little bit. price of oil coming down $77 a barrel. bitcoin going up, the conference starts, $68,000 a coin as of now. latest read on consumer sentiment. what is the number? >> the number is 66.4 which is a slight revision higher from 66 in the preliminary reading. that number was the lowest since last november. people worried about higher prices and economic uncertainty with the latest number quelling those fears, seeming to be

taming inflation, not a huge impact on the market but there you have it. stuart: not much of an impact. it is a minor response. now this. it was the perfect setting for kamala harris. the national convention of the american federation for teachers, what better place to jumpstart her campaign? it is led by randi weingarten, who calls donald trump a fascist. 99% of the union's political donations go to democrats. her speech did not disappoint the teachers. they loved what she had to say. how convenient she had nothing to say about the problems the unions created, nothing about school closures that went on too long during the pandemic. harris played a role in that, she call for stringent safety measures before the schools

could be reopened. many stage shut. academic performance pledge omitted. the teachers union has been fighting voucher programs for decades. harris played a role in that as well. senator harris supported the los angeles teachers strike which stopped the expansion of charter schools in that city. pandemic school closures, week academic performance, school choice, these are the issues parents wrestle with every day. paris didn't want to talk about it and the union didn't want to hear about it. they are sailing against the wind, charter schools expanding, private education, that's the future. harris is with the teachers union, stuck in the past. second hour of varney just getting started. todd pyro with me this morning.

harris has to embrace the teachers union. it gives the republicans an opening. >> everything you said was correct but this is less the republicans having an opening, selling the republicans have to do or they are going to lose this election. this election based on everything we've seen is going to come down to female voters and even if you just go online and take it with a grain of salt, women are really pushing harris. what do republicans need to do? drive, especially to the moms that i know you felix sense of excitement this week especially if you are an independent you like this kamala harris feel but republicans need to present what you presented, what do you care about more? of our excitement that there is a woman or your children, if you care about your children and most parents do you are going to vote for the policies that aren't what you read in

your "my take," those policies are disastrous for the children of america and low test scores under this administration and secondly do you want your kids learning about gender identity or do you want them learning about math? stuart: stay there. another one for you. michelle and barack obama officially endorsed kamala harris for president. >> we call to say we couldn't be prouder to do everything to get you through this election and get into the oval office. stuart: took them a week to endorse her. why did it take a week? >> this groundswell convinced them the open convention they want is wasn't going to happen. you can make an endorsement and withdraw the endorsement. there are other candidates endorsing kamala harris. to a certain extent, not all of us saw this groundswell for

kamala happening sunday. it started if you ask people on sunday you wouldn't have said wait and see what happens by friday. there's a nice honeymoon now, many of us didn't expect this. it will be interesting to see what happens going forward, will the endorsements maintain the same thing in november they are this week in july. stuart: honeymoons don't last forever. a reporter at cnn says kamala harris is trailing biden's 2020 numbers. what is she saying about it? ashley: the network says data shows harris has made some ground with black and hispanic voters in surveys taken after president biden dropped out but behind biden's polling numbers from the 2020 election. cnn says harris is doing 8 points better than president biden, 78%, numbers show 2020

biden received 87% from black voters. he behind there. according to the most recent polling average of surveys trump leads harris by 1.7% in a national head to head matchup. by comparison, trump held a 3.1% over biden in the national head to head matchup before the president ended his reelection bid. she's doing in some areas. stuart: thanks very much. back to the markets, dow industrials up 570, nasdaq had been higher but up 100 points. david barneson, good to see you again. the market is not traded on geopolitics. what is it trading on? >> it's been an interesting month because there's been plenty of geopolitical news, domestic politics.

when all is said and done the nasdaq down 8% because of biden leaving the race or the assassination attempt on trump or all these dramatic political events or is occam's razor, the supposed explanation, those things were so expensive, that is why they have come down. many parts of the market have clearly not, a huge rally in doubt type stocks as the nasdaq is down quite a bit. it's a rotation, not a risk off situation. nothing to do with that, you are dismissing that. >> proof of it is in the bond market, the commodity market which hasn't moved at all and the dollar hasn't moved. why would currency and bond and commodities stay out of it if it were politics. that's my theory. stuart: you've got your dividend pics with you today. you've gone with this before.

off of some of the other big companies. >> johnson and johnson spun off consumer staples business. 1/3 of j and j's consumer staples, everyone knows tylenol, baby shampoo, these products. it has not gotten a lot of love in the market since they started trading their stock, we think it is a fantastic value and i owe it to viewers of varney to mention it. stuart: what does it yield? >> 4.5%. you got a nice juicy yield from a company that's growing earnings, consumer staples space has been out-of-favor. that appears to me to be changing right now. stuart: another one you recommended, simon property group, spg.

>> they owned it for a long time, this company is blowing us away, getting higher rent collapse, very low vacancy, one of the dumbest narratives in the history of financial discussion. repurpose thing has gone on as far as restaurants and more experienced things. they are paying a 5% yield, there is some appreciation that you love. stuart: some appreciation pass a bill money. major service disruptions in paris at the high-speed rail trains targeted by several coordinated attacks, hours before the olympics's open ceremony. we have details on that.

russian and chinese warplanes, the pentagon said it was the first time two countries coordinated together in that manner. jack keane on how the us should counter this next. do you have a lot of subscriptions? like the streaming services, music, fitness apps? probably like 6 or 7 around there. i do. i have a lot. what if there was a place where you could see your subscriptions and cancel the ones you don't like, all in one place? experian has that. oh, wow, i love it. i need that. and you could save $270 dollars a year. you're making adulting so easy. get started now with the experian app. (♪)

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the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title.

stuart: the dow is up 400. favorable inflation news out this morning clearly helping over market. all of them are up, meta, amazon, alphabet, google down $2.

democrats and republicans have condemned to protesters burning american flags and supporting hamas. aishah hasnie is on capitol hill. where does each side stand on this? >> there' s always going to be different opinions when it comes to these two sides, talking to so many lawmakers on capitol hill and they did not like what they saw happen in the nation's capital this week. there are differing in terms of where it starts and ends. at union station in washington dc, the facing federal property, assaulting the police officers, democrats tell me they did not like what they saw, defending free speech here.

>> we have a democracy, our constitution protects the right to burn flags but it bothers me. >> everyone has the right to free speech, not the kind of speech -- i'm not going to burn a flag about it is free speech. >> you can burn an american flag in this country but you cannot burn someone else's flag, it made them federal property. they want the doj to pursue maximum penalties but say there's a double standard. >> it was literally terrorist rhetoric. officers were assaulted. >> if they were doing anything from the right they would be all rounded up for 3 or 4 years.

>> reporter: congress is stepping in. they are requesting a briefing with park police to figure out if they gave these protesters a pass. someone asked mitch mcconnell if the doj would do anything about this, he said don't hold your breath. defense secretary lloyd austin says he's never seen russian and chinese jets flying together like they did off the coast of alaska. are we being challenged everywhere and can the us military cope? >> great question. china and russia have established a strategic partnership by north korea and iran. this axis that has come together in an alliance, call it for what it is, collaboration and cooperation is real. giving an example, china is

revitalized russia's defense industrial base, cranking out hundreds of tanks and fighting vehicles and artillery pieces taking old tanks out of the boneyard a few months ago. iran has a manufacturing factory in russia producing drones. china is financing iran's war in the middle east because they are buying all of iran's oil, we oil, we are not doing anything about it. they have got these missiles in the hands of hezbollah. in -- the mission has failed in terms of preventing that happening. the mind of the commander of us

forces in the region, from the secretary of defense, this is the threat we are facing get. i monarch congressional commission. the threat of these nations are serious, something we've not seen since world war ii. the likelihood is real the united states could be involved in multiple theaters of war as we were in world war ii because look what is already happening. war in europe, war in the middle east, these are just a symbol of something larger threatening the united states and they are aggressive and are confident, leadership is weak and they have an opportunity to exploit our vulnerabilities. stuart: earlier this week,

ukraine's top diplomat, why is ukraine going to china to help in ending the war? >> >> they offered in the past a peace proposal last year that fell on deaf ears and dead on arrival. the most significant reason, with russia. ukraine is wanting to work with china to influence russia to see if they can make some accommodations leading to the end of this war. ukraine doesn't want to give up territory, isn't about to give

up -- there needs to be something negotiated out here. we are nowhere close to negotiations with a deal right now but what ukraine is trying to do is set the stage, the framework for it. let me tell you something else. they probably have some concerns. if there's a transition in government from the biden administration to the trump administration it is not clear to the ukrainians where the trump administration would be on funding the effort to provide weapons and ammunition to them. that may be another issue in the background as well. stuart: stay there for a second. i want to give a report on what's going on in france, france has been hit by coordinated attacks hours before the opening of the olympic games. tell me more. ashley: absolute mess.

france's high-speed rail network hit by coordinated arson attacks leading to major disruptions to the country's biggest radial lines. they've been affected with cancellations and delays and it comes as the olympic games are getting underway, french holidaymakers are preparing to leave on vacation on the busiest weekend to of all. the coordinated attacks left thousands of passengers stranded at rail lines across the country. no one has blamed responsibility which will take days to repair and some athletes may not be able to make the opening ceremony. soccer matches were played in cities across france including as late as thursday night but with many trains canceled it will be difficult for them to get back to paris for the olympic ceremony. what a mess.

stuart: general jack keane, you are a military guy. what do you make of what is going on in france? >> it will be interesting to see normally radicalized groups taking action like this, claim some credit for it. likely we will see that happening unless it is not one of these radicalized groups. they are sending a message in terms of disrupting the flow of people wanting to participate in the olympic games. it should be a warning to the world writ large, major events that are coming with the world cup coming here about the challenges we are all going to be faced with the security situation that has worsened. stuart: we have an open border and known terrorists coming across the open border and an election in 100 days.

you can see the threat is there. i'm out of time. see you again soon. former vice president mike pence and senator pat toomey warning about looming tax i 6 if kamala hers wins in november, that democrats will deliver serious blow to the economy if they elect trump era tax cuts expire. hillary vaughan has the story. biden and harris held separate meetings with benjamin netanyahu. is the vice president distancing herself from biden's policies. mike lawler on that next.

stuart: on the markets i will call this a strong rally, thousand 666 points. the nasdaq composite is up 178 points. all those indicators are better than 1%. what do you make of this rally? taylor: it's a risk, people are

excited. you had a big dip two days ago, people are really excited. a 2% pullback, there's a lot about the fed thinking about getting serious about cutting in september providing some excitement for the market. stuart: 3m is doing well. taylor: i wanted to to say there are serious movies in the dow. the industrial giant we talked about, post-it notes, the maker of scotch, they see increasing demand and pass on a lot of those costs. they cut their workforce so making a big change and the markets are happy. stuart: 17%, united health doing well too.

taylor: about 175 points in the dow gains are coming get from united health and 3m. for every one dollar move the translates to a 7 swing in the dow, those stocks are making these gains. unitedhealth pushing it all higher. stuart: bristol-myers squibb. >> good second-quarter earnings and raising full-year guidance which is one of their top-selling drugs helps with stroke and blood costs, up 7%. looking at the biggest gains we've seen since november 2020. taylor: on track for one of the best days ever. that's why you see everything rally today, looking at a 6-month high in this stock, lost fewer than expected subscribers.

the bar was low, they managed to beat it. one analyst said there is upside in every line item that matters. stuart: democrats want harris to push biden's tax agenda, what are republicans saying about that? >> taxes could go up if vice president kamala harris wins in november. if she doesn't do anything to stop the trump tax cuts and jobs act from inspiring, it will end at the end of next year, taxes would go up for everybody, even those making $400,000 a year breaking a promise the president biden made and harris joined in on, what could be in store under a possible harris administration is not just back to the status quo free trump tax cuts. taxes could go up. harris has not unveiled her tax plan but her ideas about her

2020 campaign give us a sneak peek what that might look like, harris wanted to raise the corporate tax rate, a 14% jump and pledged to tax transactions to fund her medicare for all plan and proposed a carbon pollution fee to pay for her $10 trillion climate plan. we don't know if these proposals will make it into her tax plan but she was on the trail yesterday making it clear corporate tax breaks are off the table. >> donald trump and his extreme allies want to take our nation back to failed trickle-down economic policies, back to unionbusting. back to tax breaks for billionaires.

>> reporter: republicans are attacking harris's record, for the tie-breaking vote on the so-called inflation reduction act calling it the inflation -- harris's price hike. >> four years under donald trump, the best years this country ever had versus the last 31/2 years, the problem kamala harris has is her words have no meaning, people are feeling it in their pocketbooks. she doesn't understand the economy, she's never been in the business arena. >> reporter: harris may feel like a fresh face at the top of the ticket, she's been in the white house the past 31/2 years, she has to own everything under biden's economy. that might be tough for her because that includes historically low approval ratings from voters on the job they have done on the economy. stuart: biden and harris have separate meetings with benjamin netanyahu.

today, benjamin netanyahu will meet with trump, mike lawler from new york joined me now. is harris distancing herself from israel? >> obviously she talked about the plight in gaza and what's remarkable about that is the plight in gaza created by hamas, they've been the governing body for 16 years. they violated 8 cease-fires with israel, they were the cause of the terrorist attack on october 7th and i think kamala harris is trying to have it both ways because the democratic party needing the votes in michigan. you saw this past week with benjamin netanyahu in washington the pro-hamas wing of the democratic party protesting outside union station tearing us flag, burning it, raising the palestinian flag, holding hamas

flags, while she condemned it, she certainly didn't say she wouldn't seek these votes, she needs their votes and that is why you are seeing her try to both sides this situation in gaza. there is not a both sides. there is not a moral equivalency, this is good versus evil, hamas is a terrorist organization, they use their own people as human shields. that's why there's a fighting gaza right now. stuart: domestic politics very much involved in this. park police in dc say they were badly understaffed and were assaulted by thousands of pro-hamas protesters. you saba protests. what do you think should be done with the flag burners? >> those that assaulted the police officers should be arrested and prosecuted. obviously flagburning is disgraceful, it is disgusting, i do think congress should evaluate that.

those that were engaged in protests and did listen to law enforcement it is their right to protest but those that actually engaged in violence, those that were assaulting police officers should be arrested and prosecuted. it's washington dc and so that, a role in the charges just as we saw alvin bragg drop charges against the violent protesters in new york city that were engaged in the anti-semitic protests on college campuses. i'm sure these dc prosecutors will not apply the law to the fullest extent. stuart: thanks for joining us. todd pyro, what would you do? what should happen?

>> it is called follow the law. you have a right to burn a flag, you don't have a right to burn somebody else's flag, if they want you burning the american flag, it is their right but they can buy their own flag and burned that. if they burn somebody else's flag, prosecutes them to the fullest extent of the law, it is a back way of getting that. stuart: are the democrats giving political backing to the pro-hamas folks in the street? >> of course. you have a jewish senate leader in chuck schumer not coming out forcefully enough and creating an environment where those people would feel shame. if you have the jewish members of congress not backing enough of israel and not backing their own people what message does that send? it is open season on america so you have iran backing these protests. if they stood up for their religion and not their party.

stuart: thank you very much. still had. our chipotle's burritos getting smaller? customers say they are getting smaller. how the ceo of chipotle is responding. back-to-school season around the corner. parents are looking for ways to counter learning lost during the summer break. jeff flock is in new york where young students are honing their math and engineering scores next. ♪ (♪) (♪)

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it's odd how in an instant things can transform. slipping out of balance into freefall. i'm glad i found stability amidst it all. gold. standing the test of time. stuart: the dow is up 600, now 550, the nasdaq is up 100 points, the best winners, 3m at the top.

visa, salesforce on the list. parents are looking for new ways to counter learning lost during summer vacations. jeff flock is in legoland. how is lego combating learning lost? >> summer slide some people call it. i was not a kid. they didn't have legos when i was a kid. this is something called the master builder experience, when they build stuff and talk to master builders. what are you doing? testing this? this is like an earthquake test. >> kids build these and see if they stay together. >> your brother over here built this one. this was built in 1/3 world

country. go ahead and do the shake test. didn't fall. very good. these master builders think of them like the superheroes. listen to what the president of new york legoland told us about these master builders. >> often the superheroes of the park, was important children should get to learn to build them but also test the math and engineering skills alongside them. >> reporter: keep that going during the summer and get off the screens if you can. you can build anything with legos. they said they built me out of legos. i don't know. he looks a little younger than i am.

i don't know. stuart: thank you very much. we get the point. jeff flock at legoland. i never thought of legos as a way to teach kids math. >> can you build a foundation to your lego set so they don't fall over? you learn exactly the physics and math behind it to. i try to teach some lessons, not necessarily a cosine of anything at this stage of the game but stuart: you can to do lego other child of age 2. they will swallow it. >> not mine. stuart: thank you very much indeed. the ceo chipotle responding to complaints that workers were skimping on the size of each serving. what did the ceo say? ashley: you always called this company expensive rice and

bean, chipotle ceo brian nichols says there was no company directive to serve less food to customers but there was a barrage of tiktok videos about chipotle's new portion sizes calling it an example of shrink inflation. the company investigated and found 15% of restaurants were getting a disproportionate number of comments, generous portions is a core brand of chipotle and says they are reemphasizing coaching to make sure all meals are made correctly with the right amount of food. you make a complaint about it and they took action. stuart: back to you shortly. heavy drinking can lead to bad decisions. watch this. >> everybody is wasted. >> they are all saying that.

>> i'm like an elephant. if i walk into a room it is like he is in there. stuart: don't drink too much is the moral of the story. a new study says even moderate drinking is bad for you. we will explain. the white house doctor claims president biden's mental health is excellent. doctor marc siegel on that next. ♪ ♪

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the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere.

but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title.

stuart: look at the dow go, 1.3%, s&p up 83 points higher on the market. approval from european union regulators to expand the use of its weight loss drug. >> they lower major heart risks, strokes in overweight, obese adults. it comes two days after similar backing from a uk regulator,

results found the active ingredient cut the risk of major cardiovascular events, they will implement the updated use on its label in the eu so at some point we will be on these things. stuart: it looks like it. house physician, white house physician kevin o'connor claims president biden's mental health is excellent. roll tape. >> house the president's health? it is? how it is mental cognition? >> it is excellent. >> you perform the cognitive test on him? >> he is here every day. >> anything to the speculation there might be something related to parkinson's? specialists visit to the white house, was that anything -- >> seen him three times.

stuart: the gentleman on the right-hand side of the screen is doctor marc siegel. you have not examined biden, would you describe is mental health as excellent from what you have seen? >> we've been tracking this for years now and we are concerned and remain concerned about his lapses, his gait, his run on sentences that don't end where he start, even his teleprompter read the other night seem very wooden and emotionless and he wasn't meeting the camera. i never heard anyone recite lines from the declaration of independence without emotion before. i remain concerned, i wonder if he could be depressed. this is a humiliating experience for him. this never happened before. i don't like the way kevin o'connor is handling this. let me be direct. a casual comment rather than a press conference that would address this with the american

public, every person in america thinks he is stepping down because of his health. he has passed the point he can waive it away. i would not go to the parkinson thing. he keeps saying it is not parkinson's disease. i believe that. there are many other rings it can be. stuart: a new study, debunked recent claims that moderate drinking leads to a longer healthier life. that's not true. there is no completely safe level of drinking. you wouldn't go that far, would you? >> i wouldn't go that far. this is a study out of canada that looked at 102 other studies that decided previously they hadn't looked deeply enough that there was a slight advantage. there's not a slight advantage and there's an increased risk of breast cancer associated with drinking and throat cancer

but overall to your point, a glass of wine here and there might relax you even, especially in british columbia where the study was done which was gorgeous. you look at a glass of wine, i am prescribing that. this can be taken too far. stuart: thank you very much, see you again soon. >> i'm 2 hours from booze, i can't wait. stuart: still had, steve held on california governor newsom taking credit for clearing out homeless encampments. he's just complying with a supreme court ruling. chad wolf on a new migrant caravan heading towards the southern border and tomi lahren on a poll showing the 24 race is tightening. the 11:00 hour is next.

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