saying -- the white house is saying they had nothing to do with this plea deal, but back last september when a similar keel was being discussed, it was supposedly killed by president biden. so what happened? they need to be straight with the american people. was he involved then and not involved now? is he involved now and just isn't saying? we should know the truth because it's a real disgrace and disservice to these families. maria: well, we were all there. i was there, obviously, on wall street on 9/11, and it's the incredible the see this ending. and where this has gone. i want to the thank you all for being here, mark,care rhine -- caroline and mike. nasdaq leads the way. "varney & company" is up next. stu, take it away. stuart: all right, good morning, maria. good morning, everyone. late breaking news. as fox business and maria have been reporting, "wall street journal" reporter evan gershkovich and marine veteran paul whelan are part of a major prisoner exchange with with the russians. more details throughout the show.

the most powerful and valuable companies in the world are now issuing their financial reports. the latest is meta, followerly known as a -- formerly known as facebook. the company made a profit of $11.6 billion, double what it made a year ago. the stock is up a whopping 9 at this point. 9%. two more mega-techs report later today, apple and amazon. investors looking for solid performance from both. their stocks are up in premarket action this morning. politics. well, there's lots to to go at there. donald trump held a contentious discussion with black journalists. the questioning was hostile and focused on race, but he showed up. kamala harris did not. she can't find time in her schedule until sometime in september. harris has her own basement strategy. she hasn't had a press conference since she became the nominee. last night if trump held a raucous rally in pennsylvania. he said he would commit to a debate. where's the president? he's making very few public appearances.

karine jean-pierre got into a testy exchange when asked if the president was done governing. no, he's not, she said. back to the markets, and look at interest rates coming down. the fed says a rate cut is on the table for september. the 10-year treasury yield is moving closer to 4% even. you're down to 4.003% as of now. the 2-year moving closer to 4.25 the, right there at 4.26%. gold's doing well with what's going on all over the worked $2, 499 4 an ounce -- 2,494. iran threatens to attack israel in response to the asaws neighs. oil at $78 a barrel. gas down one cent at $3.48. no change for deals, $3.811. stocks little changed except for the nasdaq. up another almost 100 points as meta rallies. on the show today, the president prepares to the travel overseas in the closing days of his president city. how will that go down?

he's frail p. our enemies are increasingly aggressive. it is thursday, august 1st. mid summer, 95 in new york today. "varney & company" is about to begin. ♪ ♪ ♪ on the road again -- ♪ like a band of gypsies, we go down the highway. ♪ we're the best of friends ♪ stuart: on the road again. not quite sure the relevance, but i like the song. >> joe biden traveling to europe hoping he can get something done, but he won't. stuart: is that your comment? >> that's my take. stuart: all right. let's start this morning with the latest of the big tech earnings. we got the meta report after the bell yesterday. it is up really big this mornin- lauren: almost 10%. strong ad revenue, that's their shield for big a.i. spending which mark zuckerberg, the ceo, says is paying off. he sees meta if a.i. being the

most widely used chat bot in the world, overall revenue topped $39 billion. they have nearly $ -- 3.3 billion users that use its app every single day. there is a downside. investors are ignoring i. that's their reality. the division that holds the smart glasses, they lost another multiple billion dollars, $4.5 billion in the quarter. stuart: okay. what we're showing you there is yesterday's close. post their reporting and in premarket action this morning, meta is actually up 8-9%. lauren so many brokerages increasing their price targets on the stock. stuart: adam johnson with us this morning. mark zuckerberg, in the call, set a very lofty goal for meta. the strategy, is it paying off? >> you better believe it. and the key is artificial intelligence. what a difference, stuart. if you remember 18 months ago, meta was spending $13 billion on

the meta verse, and it was a disaster. the stock went down to $82. i know because i bought it at 150. it went to 82, and compliants were calling -- clients were calling, are you out of your mind, adam? i said, no p once they do, it'll be trading at a 8 times, and here we are 18 months later at $518. they're spending a lot of money on artificial intelligence, but it's paying off. whereas the metaverse was nothing, we couldn't understand what it was, it was make believe. artificial intelligence is hardly artificial. it's real. it's a growth driver, and where else can you possibly find $ -- 2.55 billion people every day on a web site? it's a must-own company. stuart: back to you in a moment. thanks very much. let's switch gears is and get to politics. donald trump held a rally in pennsylvania last night. service the his first time back in the state since the assassination attempt. what does he have to say, lauren? lauren: he says he's going to win pennsylvania and their 19

electoral votes. the crowd cheered him, they called him president "iron man" after that attempt on his life in butler, pennsylvania. watch here. >> as you know, this is my first return to pennsylvania since our rally in butler. we're going back to butler too, by the way. [cheers and applause] people said to me, are you serious? i said, i'm serious, we're going back. the it's a great place. 18 days ago we had a very terrible day, we had a rough day, i will tell you. by all accounts, i should not be with you today. i want to thank all of the people of pennsylvania for their extraordinary love and support. it is incredible. we're going to win this thing so big. lauren: pennsylvania congressman dan meuser will be here to talk about this at a 9:40 eastern time. stuart: thank you, lauren. now this, the white house was pressed about biden's empty schedule for the week. watch this. >> reporter: could you sort of give us an idea of how much the

president's schedule has changed since the ticket changed? because if you look at what we look at, the big event on tuesday was a phone call, the big event today is a lunch. tomorrow we don't know what he's doing. friday he heads to delaware. it lends itself to the appearance that he's done governing. >> no, he's not done governing at all. i think that appearance if would be false, it would be a misled appearance. and as i said is, you will see him later this week. he's still very much the prime minister. stuart: batya ungar-sargon joins me no -- this morning. is biden an effective president? a weakened presidency is traveling abroad later this year. is he an effective president? >> it's a really important question right now. we did have amazing news coming out about evan gersch corich being release -- evan gershkovich, interestingly, he does not seem to be willing to give kamala harris any credit for it, but he's not if taking

any credit for it. there isn't the feeling that the president is still governing. he has said nothing about is reel and the assassinationingse- assassinations of not just israel's enemies, but our enemies, right, as americans. so we really do have that feeling that he is pivot. a. a., missing in action, and, of course, the split screen with donald trump who's going back to pennsylvania, showing up in front of this hostile group of black journalists because he's not afraid to make pa his case to even people who don't like him. that con travis travis is very stark right now. stuart: who's actually running the government? we don't see or hear from the prime minister we have to ask, who is in charge -- the president, and we have to ask, who's in charge? it must be his inner circle -- >> and this is the also, by the way, a media question. where is the media? why is it only fox news that ever asks this question and the mainstream liberal media is always running cover for him?

stuart: and now they're running cover for kamala harris. thanks for joining us this morning, always a appreciate it. two more tech earnings reports come out after the bell odd torque amazon and. aing. adam, start with apple. what are you expecting? >> i think it's going to be good, and i think the whole story is the refresh cycle because, historically, apple come september has a new one of these, a new i phone. -- iphone. i think they're going to the talk about growth even though some of the sales in china are down, they are now pumping up india. if they can make india look like china, they would probably increase their earnings by 30-35%. so there are a lot of catalysts that are possible at apple. stuart: how about amazon? they report as well. >> what amazes me about amazon is they just keep finding ways to sell more stuff and, this is important, stuart, sell it more profitably. part of it has to do with the fact that they have internalized their shipping. of over the next quarter of two, we are going to see amazon ship

almost 95% of all the stuff bought on their site. it's been a disaster for ups, but -- and to the lesser extent the post office, but amazon by internalizing it is controlling its margins, and it's take more slice out of that total dollar amount that people are spending. stuart: you got a target price on amazon? >> i keep moving it up -- [laughter] stuart: you do, don't you? >> i just keep moving it up. and and i think that's what you have to do with these big growth stocks that just keep moving up. you say, what do i think they're going to earn this year? it might be 10% higher than i thought. you know, you do it gradually. stuart: taken togetherrings are big tech stocks back on their way up many? >> i wouldn't say their back up, they've never really backed up -- stuart: that's true. well, they came down a little bit. >> nvidia went down the month. we have had invest past 6-8 months two 25% corrections in nvidia. and every time you go down,

clients say, adam, do you think it's over? no, it's not over. it's a pullback. and i think the message is with these big companies that just keep growing, on the dips you buy them. stuart: got it. adam, thanks very much, indeed. coming up, joe rogan has a stark warning. the media machine against trump could swing the election for harris. >> she's going to win. i feel like we are in this very bizarre time where people are giving into the [bleep] in a way that i never suspected people would before. stuart: okay. we're going to find out what ben domenech thinks about that later in the show. iran has reportedly ordered a direct attack on israel in the response to the assassination of a top hamas political leader. is the u.s. prepared to meet the challenges of a wider war? if lieutenant general keith kellogg on that next. ♪ ♪

everybody wants super straight, super white teeth. they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product. it's going to help a lot of patients.

(husband) we just want to have enough money for retirement. (wife) and travel to visit our grandchildren. (fisher investments) i understand. that's why at fisher investments we start by getting to know each other. so i can learn about your family, lifestyle, goals and needs, allowing us to tailor your portfolio. (wife) what about commission-based products? (fisher investments) we don't sell those. we're a fiduciary, obligated to act in your best interest. (husband) so how do your management fees work? (fisher investments) we have a transparent fee, structured so we do better when you do better. at fisher investments, we're clearly different.

stuart: "wall street journal" reporter evan gershkovich and marine veteran paul whelan are part of a major prisoner exchange with the russians. they're expected to be in u.s. custody and soon. edward lawrence are joins us from the white house. what's the latest on this, edward? >> reporter: stu, this swap, the u.s. getting exactly what it wanted. as you mentioned, evan gershkovich and paul whelan, and they had to give up multiple folks related to this. this involves multiple countries, and representative mike lawler telling fox we're talking about countries like germany, slovenia and belarus including the united states. we'll have to see exactly what we are all giving up.

there will likely be criticism that the u.s. did not get enough. this also a could be a signal in the change of relationship between the u.s. and russia going forward, it also could be a warning that telling the russian president that, hey, americans -- you can take americans and get what he wants. president biden, as you talked about, left his schedule open today. we possibly will hear from the president about this swap. this has been sort of his child that he's been working on, so we likely, probably i would guess that we would hear from him on that front. paul whelan arrested in 2018 and evan gershkovich, 500 days roughly in a russian prison, now apparently on their way home should everything work out the way it's supposed to. to. stuart: retired lieutenant general keith kellogg joins me now. the russians have give up two very high profile prisoners. what do you think they're getting in exchange? >> yeah, stuart, thanks for having me today. look, we don't know yet, but they're going to get something

out of it. putin's a pretty hard bargainer. nurse, it's great to -- first, let me say it's great to get any american home out of captivity. in the grant scheme -- grand scheme of things, i don't think it's going to the affect a lot because those things generally don't. it's not like it's so high profile that who we give up is so important. he'll maybe get some arms dealers or something like that. we have to wait and see, we just don't know. the fact that we're getting americans home, whalen and gershkovich, i think it's great. stuart: yes, indeed, sir. indeed. iran's ayatollah has reportedly ordered a direct attack on israel after the attacks saws -- assassination of a hamas official. what is the united states' role? >> that's a great question. we should have a role, a very, very important role, but we've kind of abrogated that authority and responsibility by trying today to be the middle man and not doing anything. instead of being full stop

behind israel. i have to go back to 1973 when with president nixon during the yom kippur if war, we were very worried about israel being overcome by the arab states that they were at war against, and nixon said i want to send every piece of equipment we can to israel and send a clear message to the surrogates and also the sponsor, which happened to be russia at the time. that's what president biden should do, he should make it very, very clear to the iran we stand with israel, full stop. and, you know, netanyahu when he came here brought a list of supplies that he needed to prosecute the war. we should line up all our c-17 transport or aircraft, fill it with equipment and send it to to israel and tell iran, back off. they're fighting -- the israelis are fighting a three-front war when you think they're fighting not only against hezbollah and hamas, they're fighting iran9 and the houthis out of yemen. because of that, heir going to do very well. i think the iranians are put

themselves at risk with this one, because if last time they didn't do so well, and i think the israelis will respond again. stuart: general, big picture for a second. our enemies appear to be becoming more aligned. in the last three year, russia, china, iran, north korea, they've all come together to challenge american power. we're facing a concerted global challenge. my question is, are we prepared? >> no. we're not. and that's because it's the not because of our military state, who we are or what we do. it all comes down very simply to presidential leadership. the guidance that the president provides as commander in chief and leader of the national security team, where do we want to go and what do we want to do. you want a very, very clear message that's sent to allies and adversaries as well. we are strong, we will respond. fear us. and we haven't sent that. we haven't sent that message at all. our adversaries don't respond to the kindness. they respond to force and pressure. and that's what you need to do.

but it comes out of one place. it comes out of 1600 pennsylvania avenue, the commander in chief. you can be the strongest military in the world, but if mower not -- you're not willing to use it, then it means nothing. nothing to you and nothing to your adversary. stuart: fox has learned that this president biden is considering more foreign travel during his final months in office, possibly to europe, africa, the middle east. biden's foreign trips in the past have not appeared to have been the made him strong on the world stage. is this a good idea, traveling in the late months of his presidency? >> well, if if you're trying to get travel mile, but he's irrelevant right now, stuart. i mow that's -- i know that's harsh, but with i was at an event last night with a lot of foreign ambassadors, and you can see that they've already shifted. we have six months of president biden, but it's the an empty suit right now. they see that, the world sees it. we can play this game of, well, he's the president of the united states, it's very important, but he's not even being president.

he can travel all he wants, but he's considered irrelevant at this time. they're looking at the presidential election coming up in a few months and, basically, he's going to get travel miles, but they're not listening to him. and i, again, i know it sounds harsh, but i think it's true. stuart: okay. general, thanks for your opinion. we appreciate it. see you again soon. thank you, sir: a related note here. the alleged mattsermind behind 9/11 has reached a plea deal. lauren, a plea deal? the victims of 9/11 are surely not happy with this. lauren: no. no justice all these years later. this deal means no death penalty. the it's a bitter pill the swallow for the families of those 9/11 victims all these years later. u.s. government prosecutors say in exchange for the removal of the death penalty as a possible punishment, these three accused have agreed to plead guilty to all of the charged offenses including the murder of 32-- 2,976 people. plea hearings for khalid sheikh

mohammed and two other co-conspirators could come soon next week with sentencing possibly next summer. stuart: khalid sheikh no if happened went to the -- went to a baptist the college in america for two years, did you know that? lauren: yep. >> by the way, why would they care about getting a guilty plea? we already knew he did it, you know? what did we accomplish, and why is he allowed to live when so many of our americans died? stuart: i guess they just wanted to wrap it up. >> i guess they are. offer stuart check futures, please. it is thursday morning. where are we going here? i see some green. up 30 for the dow, up 36 for the nasdaq. the opening bell is next. ♪ ♪

ya know, if you were cashbacking you could earn on everything with just one card. chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking. cashback on flapjacks, baby backs, or tacos at the taco shack. nah, i'm working on my six pack. switch to a king suite- or book a silent retreat. silent retreat? hold up - yeeerp? i can't talk right now, i'm at a silent retreat. cashback on everything you buy with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours. before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change, so you can scale it responsibly.

let's create ai that begins with trust, with watsonx governance. ibm. let's create. raising twins and as a single mother, presented, quite a few challenges. the financial aspects of oh my gosh, how am i going to provide for my family? i'm going to have to get two jobs. thomas kennedy, he was a major in the u.s. army. tom loved hockey. he went to west point, to play hockey. and ended up falling in love with the army. he was a father. he was, a great husband, he would give you a shirt off of his back for you. in 2012, tom was deployed to afghanistan. he was on his way to a provincial governor's meeting, tom was killed by a suicide bomber. when the bomb went off, tom was in a group of four that were, killed in the incident. the morning i found out. our world has just been upended. you know, with not having tom around to be here in our everyday life, my sister moved in with us, and she helped me with the day

to day life of raising, two year old twins. in 2018 i was diagnosed with breast cancer. kind of threw a wrench in to what we had established as our, our daily life and our new normal. my mother-in-law had told me about tunnel to towers. and when i found out that i was selected to have my mortgage paid off, you know, it seemed like i had won the lottery. today, we welcome the kennedy family into their mortgage free home. the timing was just incredible. with everything that i'm going through with my treatments for metastatic breast cancer. having our biggest bill being taken care of by tunnel to towers, i'm able to on my children and my health. people should give to tunnel to towers, because it really helps family members of fallen service members know, first responders who they wake up one day and it's a normal day and then their world can just be turned upside down. to know that there is an organization that can step in irreplaceable.

please contribute $11 a month. to help families like mine please visit t2t dot org. stuart: all right. i see green on the screen. up 40, 50 points for the dow industrials, nasdaq up 311. modest -- 31. maddest gains. d.r. barton with me now. meta doubled its profit from a year ago. was that because of a.i.? >> i think those margin

increases, stuart, were because of a.i. i think certainly that the big pump-up in revenue, 232% gain -- 22% gain in rev view is good -- revenue, that makes me happy to be -- [laughter] a longtimeshare holder. and i think they are going to continue to move if higher as adam's already said. stuart: they did lose $ 4.5 billion on their reality labs. that doesn't sound good. >> no, it's not my favorite thing either. [laughter] if i think, you know, glasses and wearables are a little bit of a tough sell for a mass if market. but i think what they're doing well that we haven't talked much about is they're spending even more on a.i. infrastructure, increasing that by $3 billion just this year. i think that's going to to help

out. that's going to pay off long-term dividends to the company. stuart: do you have a target price for meta? >> yeah. i looked at some technical things, how far it could extend if the cycles keep moving up like they have been, and and i like it up in the low to mid 600s, stuart. i think we can get there. i don't think so in the next few months, next year even, by -- but that's a target i've got for probably 18 months out. stuart: all right. rate cuts are on the table according to jay powell. normally, that gives us a market rally, i think. is that going to happen again this time? >> i think that we already have sort of baked in what's going to happen there. market activity was very interesting when he announced that yesterday. we popped up, pulled back down and then leveled off after the fed meeting, and i think that a tells us that a we're kind of expecting not just hoping anymore for that september rate

cut, stuart. stuart: look at the left-hand side of the screen. the treasury's yield on the 10-year is down to 4.02%. wasn't that long ago it was 4.5. d.r., thanks for joining us this morning. what a day it's going to be. good stuff, indeed. the opening bell is going to ring shortly. we've got about a 25 the seconds to go before they press the button and we actually start or trading. the backdrop really to today's trading is the astonishing gain in meta. it's up close to 10%. that's pulling other stocks with it. we also have developments overseas which will probably not impact our stock market at all a, but they're interesting nonetheless. the dow is now -- wait a minute, we're about to open. press button. thank you very much, indeed. we're off a, we're running and is away we go. big gain for the dow right out of the gate, up 138 points. that's one-third of 1%. and if when you look at the block of all 30 dow stocks, most of them are in the green. we've opened higher this morning. the s&p 500, that has also

opened higher, one-third of 1%. okay. now the big one, the nasdaq. this is being powered forward by meta and other tech stocks, up one-third of 1, 56 points higher, 17,600. have a look at big tech, look at all of them, please. meta, amazon, a apple, microsoft up. alphabet down just 70 cents. 9 i want to pull out meta. we've got to get more on this. lauren, it's clearly surging. 9.3% higher. tell me more. lauren: i mean, so a.i. is the machine right now, but it's also helping them with his thing. a.i. helps meta sell targeted ads so they can bring in even more revenue. so their ad sales, up 22 percent in the quarter. double the growth rate at google. 98% of their overall revenue comes from advertising, so this is a.i. and ad sales working together happened in hand. stuart: what a gain. 9.09% for a company of that size, astonishing. lauren: yeah.

stuart: all right. two more big tech earnings after the bell odd. to lauren, start with apple. what can we expect? lauren: this is the warm-up event before mid september when apple releases the new iphone 16 and unleashes its a.i. susan cycle. it's estimated that $ -- 270 million iphone are old, they haven't been upgraded in four years, so they can't handle the a.i. apple's revenue is expected to grow 3% to top $8ing 4 billion in the past three month, but it's all about what they say for the quarter that includes the new iphone release mid september. stuart: amazon. they're going to release late this afternoon? lauren: this astonished me. how much are they spending on artificial intelligence to compete? they're expected the boost their spending by 43%, $16 billion. but it's not a lot because if you look at google, up 91% in the past year, and microsoft's spending was up 78% in the past year. they're all huge numbers, but

amazon's spending less comparatively on a.i. than some of its competitors. regardless, all that spending eats into their profit margins. it outweighs the cost cutting, the supply chain efficiencies and all of that. all in, i mean, this is going to be a $140 tobillion quarter. if you look at their cloud, their a a ws, that growth rate, 17% is expected. we've seen stronger numbers, but 17's still decent. stuart: now microsoft, i know -- [laughter] they have not participanted in this -- participated in this big tech rally, at least not this past week. lauren: right. stuart: but they're partneredded with openai. what's microsoft saying about -- lauren: yeah. that's their reported $13 billion investment, and now openai is a competitor because they've launched a search engine. it's a prototype called search gpt, and it's a collaboration with various news organizations to populate the answers and get if most accurate results -- the most accurate results. eventually they plan to build

into it chatgpt, so this search engine could be a competitor to microsoft's bing and google. stuart: why's the stock up? [laughter] lauren: well, because they still have a nice chunk of their money in openai. >> yeah. and because bing doesn't matter. when was the last time you went to bing? stuart: i use it all the time. >> oh, please. stuart: i'm a microsoft shareholder. >> oh, please. stuart: i do, i use it all the time. [laughter] >> it's google or it's nothing. lauren: oh! >> what microsoft if does brilliantly, and credit satya nadella, he came in and said microsoft has always a been the guts of the pc, now we're going to be the guts of the cloud k and that's why you own microsoft. it's not because of bing. stuart: next case, chip maker qualcomm. they're down 4%. lauren: china. qualcomm says they will take a revenue hit from the u.s. revoking certain export licenses to china. if qualcomm makes a ton of chips but mostly for smartphone ifs. that a part of their business up

12 in the quarter. they're forecasting even better numbers for this quarter because of 56789i. phone upgrades, but it's the trade curves that are hurting stocks. stuart: then we have arm, chip designer. can disappointing report and they're down 8%? lauren: this completely -- i didn't knowing anything that that i'm about to tell you. as you know, they design chips. but they make money from their royalties. so it's great that they're designing all of these chips in, like, every device, but they have to wait for a customer to shipp the end product for the royalties to come in, and that could take four years. [laughter] in some cases. stuart: didn't realize that. lauren: i mean, this stock has gone gang busters since their ipo. it's, i believe, more than doubled off the top of my head. that's why it's downed to, because they had a tepid forecast for the current quarter. stuart: here's a story that intrigues me, eli lilly's weight loss drug is showing positive results as a treatment for heart

failure. lauren: life saving. sepp bound is shown to reduce the risk of hospitalization and death by 38% in patients that have a common form of heart disease who are also obese. so this is a much wider benefit for the weight loss drugs. i mean, it seems like it's the all too good to be true. i know a lot of this information is early, but it's the look promising. stuart: do you have any comment whatsoever, adam johnsonsome. >> i don't, but i do think it's interesting -- no, no, but this is important. we're getting all these cross-label indications for weight loss drugs. i don't know enough to the know about, you know, the mechanics of a weight loss drug and the mechanism of. but isn't it fascinating that it's having all these other benefits in the body. stuart: it's the new wonder drug. when the results come in, we'll know more about it, but at the moment it seems like a wonder drug, and investors are piling into this thing. why not? moderna, wait a minute --

lauren: 202%, wow. stuart: they had an earnings report. lauren lawyer they cut their guidance. who's getting a covid shot? very weak demand, and they have the rsv vaccine, very promising but there's increased competition. all many, they expect full-year sales to be up to 25 less than first predicted -- 25. you have a 20% decline right now, but coming into this dethe klein shares are down 75% from their high back in 20211 when everybody was getting vaccinated. stuart: everybody was. not many are now. adam's got a stock pick. what do they do and why do you like them? >> a.i. partner to nvidia. if you are a company, let's say that, you know, the three of us, stuart, lauren and adam, wanted to start a company, and we're going going to call it the world's greatest company to buy x, y andz. we need an a.i. platform to the put it together. they would go out and buy the servers, the wire, the nvidia chips, and they wire all the

hardware together so that now the three of us are in business, and we've got an a.i. platform behind us. ticker cls. it's a wonderful company. it recently beat the earnings estimates by 12%. it raised guidance by 12%, and and yet the stock is gnat. it trades at 13 times earnings with 50% if growing. it's growing, it's cheap, it's a.i., buy it. stuart: adam johnson, thank you very much, indeed. coming up, something strange is happening with google. when users search trump rally, results of kamala harris poppe lathe the results -- pop lathe the results. -- populate the results. kentucky congressman james comer weighs in. trump clashing with a reporter at the national association of black journalists' convention. >> why should black voters trust you after you have used language like that? >> well, first of all, i don't think i've ever been asked the

question so, in such a horrible manner. stuart: well, was trump treated fairly at the convention? i-january no called will is -- caldwell is here to take that on. trump wasted no time calling out harris' progressive agenda. roll it. >> she wants to turn the us into a communist country. that's a shame. [background sounds] she was voted the most unpopular vice president in history. that's hard for a vice president, to be that unpopular, right? if. stuart: pennsylvania congressman dan miers was there the with trump, can and he joins us next. ♪ you can go your own way, go your own way ♪

did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com

olukai shoes bring the comfort of walking barefoot on wet sand to any journey. any moment can feel like you're stepping into the spirit of hawaii. say aloha to olukai. anywhere comfort. anywhere aloha.

stuart: today the fbi will interview former president trump about the assassination attempt in pennsylvania. c.b. cotton joins me. c.b., do we know what a this interview entails? >> reporter: hi, stu, good morning. well, fbi investigators are saying -- staying very tight-lipped, only saying this interview will be standard, what you would typically have during a criminal investigation. in the meantime though, there are now more questions about what law enforcement knew after this new video obtained by fox digital a appears to show a person on the roof of a building adjacent to where former president donald trump was peeking just moments before -- speaking just moments before the gunfire. at about one minute into the video, a person appears to be running on the roof of the the agr or building, and the person remains partially visible until about the 2:500 mark. one of the two men seriously

wounded during the assassination attempt captured the video at 6:008 p.m., and would-be assassin thomas matthew crooks began firing at around 6:11 p.m. crooks got off eight a shots before he was killed and was described by a source as a one in a million shot. trump began referencing a chart on the stage, and copenhave or is recover anything a rehabilitation center. his lawyer says his client calls the shooting, quote, unnecessary. >> i think as time dose by i'm -- goes by i'm sure he'll realize a little bit more what happened and what this means in our country's history and that a he was there and physically part of it. i think overall he just wants people to understand that how unnecessary if it was and that the political divide in this country has become so great.

>> reporter: the butler farm showgrounds are no longer an active crime scene. trump returned to pennsylvania yesterday for the first time since his attempted assassination. he introduced the crowd to the staffer who created the slide show for the butler, pennsylvania, rally. trump turneded to a slide on immigration, possibly sparing his life moments before the gunman fired. and, stu, as you mentioned, trump is expected to have an interview with the fbi sometime later today. we will be looking out for any details on that. back to you. stuart: c.b., thanks very much, indeed. take a listen to what trump had to say about a kamala harris at his first rally back in pennsylvania last night. >> she's a failed vice president leading a failed administration while trying to convince you that she represents hope and change. she does represent change. she wants to to turn the us into a communist country, that's for sure. [background sounds]

she was voted the most unpopular vice president in history. that's hard for a vice president, to be that unpopular, right? if just like biden will go down as the single worst president in the history of our nation. stuart: congressman dan meuser, a republican from the if state of pennsylvania, joins me now. congressman, you were at the rally last night. trump really seems to thrive in front of a large crowd, doesn't he? [laughter] >> you could say that again, stuart. yeah, it was quite a night. it almost felt like another convention. there were literally -- [audio difficulty] over 20,000 -- stuart: i'm terribly sorry, congressman, but we have an audio problem there. we'll try to reestablish contact with you, and we'll get back to the interview if we possibly can. i must tell you also that the

senate has advanced a new bill that would help speed up new energy projects. this is a very important thing. this is about permitting, but my interest is permitting liquified natural gas exports, a huge deal in the -- lauren: and biden had paused that earlier this year. so, yes, this bill does set timing limits for getting the lng export approvals. senators manchin and barrasso pushed this through, and it now heads to a full vote in the senate. it also speeds up approvals for renewable energy, permits for hydro power, building more power lines. that also helps renewables plug into the energy grid. and this is two years in the making. it's also part of a legacy, if you will, that senator manchin wants when he's set to the retire. stuart: i think we can get back to congressman meuser. i believe we fixed the audio problem. congressman, if you can hear me, here's my question.

vice president cam rah hearst has reversed concern kamala harris has reversed herself on fracking. double her? because that's a very -- do you believe her? >> no, i don't believe it, of course. what is she going to do, reverse herself on doing away with private insurance and her policy on the border and being left of bernie sanders on green new deal? is she going to the reverse everything in order to try to get elected and then through the powers of the white house reimplement the things that are causing the minmyization of our natural gas capacity? she believes -- she is not just a radical liberal, a dangerous liberal. and i state that as objectively as i can. she wants to kill off natural gas. pennsylvania we're the second largest producer. they say we have 12 the 2,000 jobs, including indirect, it's nearly half a million. so she's a danger to -- stuart: representative meuser, i'm sorry about a this. do apologize for this, but we're

glad we got you back on the show. congressman, we'll see you soon. >> thanks, okay. stuart: more "varney" after this. (♪) (♪) (♪) (♪)

ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.

stuart: california raised the minimum wage for fast food workers to $20 the an hour just this past april, and now the state may increase wages again.

max gorden joins us now from los angeles. max, what do they want to the raise the wage to now? >> reporter: hey, good morning, stu. well, california's newly-created fast food council has the ability to raise the minimum wage for workers by up to 3.5% each year. now, they just met yesterday. they didn't take any action, but when you go through the drive-through, you might already see the price of your hamburger or whatever you're ordering has increased due in part, likely, to this new $20 the minimum wage for fast food workers. according to a survey of 1832 limited service restaurant operators, 98% of them haven't raised prices since april 1st -- have reduced prices and 99% had to close -- 9% had to the to close one or more locations. we spoke to the a franchise other than of mcdonald's locations who feels like the industry has already been unfairly targeted with this law. >> i am a local business owner. i live in the communities where

i have restaurants. my sister and i are family business partners. we are family businesses. we're not global mcdonald's. those costs impact me directly. i i am a less profit,. or -- profitable. i am a not able to give my employees as much as i otherwise would. >> reporter: the executive vice president of the union that represents fast food worker, seiu, is pushing for even more wage increases. he says it's about giving workers enough money in their paycheck to live in a state where costs keep rising. >> what that's been able to do is allow them to make less difficult decisions in terms of having to pay rent on time or to put food in the refrigerator. so we're seeing a huge impact when it comes to the fast food work force. >> reporter: now, i asked joseph if he's worried that the increased minimum wage is going to lead to less jobs in the fast food industry, and he said that there's still plenty of jobs to go around.

stu? stuart: max gorden in your second appearance on this program, well -- well done. [laughter] still ahead, trump's expected to meet with the fbi, on the assassination attempt. james comer deals with that. things got he's testy -- testy between trump and an abc news reporter. gianno caldwell takes the it on. iran promising revenge on israel after a top hamas leader was assassinate. we've got retired four-star general jack keane and pennsylvania petroleum engineer sarah phillips on harris' fracking flip-flop. she doesn't believer her: the 10:00 hour is next. ♪ well, you could have been anything that you wanted to, but i can tell -- ♪ the way you do the things you do ♪

ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. ♪ go deeper with thinkorswim: our award-wining trading platforms ♪ unlock support from the schwab trade desk— our team of passionate traders who live and breathe trading. ♪ and sharpen your skills with an immersive online education crafted just for traders. ♪ all so you can trade brilliantly. ♪

♪ oh, freedom, freedom, oh, freedom ♪ yeah, freedom ♪ stuart: all right, freedom. iowa aretha franklin as we look at the statue of liberty on a sunny day. it's going to be