stuart: let's go. callum harris calvin harris, etc. . sunny day in new york city. i will take the sun and heat to. it is summer. it is 10:00 eastern. to your money please. red ink but not much of a, dow is off 50 after hitting a record high yesterday, nasdaq down 50. the 10 year treasury yield has been heading up this morning, still heading up slightly, 5 basis points at 386. the price of oil $76 a barrel. bitcoin 62, $63,000 and change, 62-numtwo. we have the latest numbers. lauren: consumer confidence.

lauren: better-than-expected, 103.3, stuart: any market impacts? impact? lauren: the dow is down 48 before the report down 60. stuart: not much impact. thanks. now this. meta drilling way down to tap into the geothermal power under the earth's surface and you thought they were just a social media company. it has more money to make groundbreaking investments in green energy partnering with sage geo systems, their engineers will drill down thousands of feet to get to the superhot rocks below the surface, they pump and water which gets superhot and that drives turbines that make green electricity. meta needed to power its data centers. they require vast amounts of juice. with this geothermal energy the

electricity it produces is emissions free, developing this cost billions, storing it costs millions more. who has the money for this? big tech. there are many people who object to the size and power of america's technology giants. they want to break them up. call them monopolies. that's politics. the money they make allows them to spend big on very important technologies. it allows them to take a dominant position in industries outside their core business. the left hates that. the left think that stifling progress. it is not. it is funding it. it is big tech that takes the risks, not the taxpayer. a future harris administration will be pushed to the left by the socialist wing of the party a, senators warren and sanders leading the charge going to them big as bad. no time protect billionaires. they should remember when america wants progress in green energy is big tech which has the money and will to develop it. surely they can get behind that. second hour of varney just

getting started. let's bring in scott shell is a but add, what do they hate big tech so much. >> big tech does what they wanted to do when it goes against the narrative. should be very careful how they handle big tech. i've been thinking about this. it's a good idea. they should absolutely do it. here's my question to you. 24 hours, what facebook was doing when it comes to hunter

biden's laptop, what happens to the stock price at facebook that section 230 is -- be very careful. neil: i am simply saying if you develop these new technologies especially green energy technologies you need a ton of money to do it and the only people who have a big tech so stop attacking them, stop trying to break them up. don't stop them from getting into new industries, new technologies only they can develop properly. >> reporter: if they lose a lot of money, number 2, what they are talking about already, elon musk and all the different inks he has going on. neil: i want to talk markets. is it government spending that

kept us out of a recession and if so, what happens if we cut government spending? >> a large part of the reason we haven't had two negative quarters of growth, what a recession looks like. we had one in 2022 but a lot of color recession but i will say this, 23%, almost 25% gdp is government spending. if you slow government spending you've got to slow gdp down. we have been spending enough, it is called money supply. if it starts to shrink which it started to last year, if it goes down by 2% and shrinks by 2%, every time it happens was a recession or depression. it was the last time we started

to expand because funding more money but the government gets involved in interest rates so something to watch. neil: see you again soon. back to the stock market. i see supermicro way down. lauren: ai servermaker, hindenburg research, evidence of accounting manipulation, sanctions and self-dealing. this is a company that is down 24% but double in 2024 and tripled in 2023. they get this report from hindenburg research. neil: -- stuart: watch out of hindenburg comes after you. i start with amazon. travis kelsey. lauren: nfl players, travis,

jason kelsey signed a podcast deal with amazon for one hundred million dollars according to the wall street journal. amazon knows where the money is. who is travis kelsey doing? 100 million is a lot of money. stuart: mediterranean fast food up recently. lauren: the largest shareholders filing to share, after the record surge. one of the sellers, $25 million. stuart: donald trump claims kamala harris is trying to get out of the abcd betas the two campaigns argue over debate rules. >> we agreed to the same rules, doesn't matter to me. the agreement is it would be the same as it was last time. it was muted. didn't like at the last time but worked out fine. we agreed to the same rules,

same specifications. that is what it should be. they are trying to change, she doesn't want to debate. not a good debater, not a smart person. he doesn't want to debate. stuart: as usual he is smiling. think harris is trying to get out of the debate? >> of course she is. these were the rules there campaign set. the harris campaign is a continuation of the biden campaign. these are the rules they set because they discovered it backfired on them because biden couldn't fill 90 seconds with coherent thoughts so it hurt him in the campaign and they are worried kamala harris can fill 90 seconds except she didn't have the excuse of advanced age. stuart: if they debate do you think trump wins? >> depends on how he debates.

having the microphone worked great for him. the second d bait, and it alienated a lot of people. the harris campaign is trying to get out of it. looking for a pretext. they want to campaign on biden's and joy and if you have a debate, you have to get asked a question like you were against the wall but you were for it, you were for the green new deal but now you are against it. you were for medicare for all but now you are against it, you were for decriminalizing illegal border crossings, now you are against it. you were against fracking, now you are for it. explain why. she hasn't flip-flopped herself. it's all anonymous staffers. than to explain it. stuart: why according to ask

eos has she agreed to sit down formal interview this week? >> has she announced? stressing out who to choose. an interview for a presidential candidate with a news organization should be a routine that that happens multiple times, this should not be a high-stakes event but by making this such a big deal, have an interview by the end of the month, leaking office about how we are choosing and turns it into a high wire act between across the grand canyon, something the candidate does and she messes it up it becomes a catastrophe for the campaign. they should be doing interviews, doing debates. supposed to bring us back to normal. that's the whole theme. be a normal candidate. answer questions. stuart: print media interview

with a transcript released friday night at midnight. right before the labor day weekend. that would work, wouldn't it? >> they would love that. that's a good strategy for the harris campaign. stuart: see you again soon. many landlords report incentives to renters. why are they doing is this is what kind of incentives? lauren: times have changed. it used to be the incentive for paying your rent is you get to stay in your house, not anymore. now you pay your rent and you can get one% or 2% cashback, gift card, a discount on your rent or your rent increase. the wall street journal did some in-depth reporting and show landlord companies like steak and piñata are giving 2 million renters across the country rewards and perks for paying on time and also removing their leases and sometimes accepting a higher rent because of those giveaways.

stuart: nothing wrong with that. lauren: i thought you would be so against this. stuart: you want to bring in the money. lauren: i'm going to raise your rent 7% but because i gave you 1% cashback you should be okay. stuart: it does soften the blow. donald trump said the biden harris administration is leaving the us into a third world war. watch this. >> america's future is under threat like never before. i don't think we've ever been closer to world war iii than we are right now. stuart: how close are we to world war iii? former state department official christian whiten will comment on that. israel warned that iran's aggression reached an all-time high, trey yingst reports from tel aviv after this.

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stuart: with cut the red ink, 45 points for the nasdaq. people waiting for the nvidia reports after the bill tomorrow. price of oil not going far today. looking at $76 a barrel, mid $70 a barrel range. solid $76, price of gas edging fractionally lower. israel says iran's aggression has reached an all-time high as negotiators try to reach a cease-fire deal. we just got news about another israeli hostage being released. details on this one please. >> reporter: huge news out of

gaza where israeli special forces rescued a hostage in a daring operation. an elite unit of commandos entered a tunnel inside 7 gaza, they found a 52-year-old better when man taken from southern israel on october 7th. his family was seen running through a hospital in the city to greet him, he has 11 children, the rescue comes as lower-level negotiating teams are gathered in cairo to work toward a cease-fire agreement between israel and hamas. the conversations are reportedly moving forward with minor details such as the name of palestinian prisoners that would be exchanged for israeli hostages but hamas rejected discussion saying the terms of changed from what the group agreed upon last month with work grinding on accusations for palestinians in central gaza yesterday, these orders include the evacuation of the hospital that houses wounded and vulnerable gazans. the warren gaza admits the backdrop of ongoing tension on

his relapse northern border, the israelis released new video of strikes over the weekend that targeted hezbollah. the exchange of fire is on fire with fresh israeli airstrike on fire on monday night with rocket and drone alerts in northern israel. officials say there are parallel to vladek efforts on going to ever larger crisis in israel and hezbollah. stuart: listen to what trump said about the biden/harris administration leading the us into world war iii. >> america's future is under threat like never before right at this moment, in my opinion, our country is at the most dangerous level we have ever been. i hate to say this but we have a president who went on vacation a week ago and he came back and went on vacation again. we have people that are fighting all over the place and threatening our country as we speak. i don't think we've ever been closer to world war iii than we

are right now. it is a terrible thing. stuart: christian whiten, former state department official, joined me now. are we really as close to world war iii as we have ever been? >> no. that is trump hyperbole going on. he has a good point, there's a reason for caution, not alarm. most people think the cuban missile crisis is the closest we've been to world war iii and that holds true, there was a major nato exercise in the reagan administration. it was prelude to the invasion. and sense of emotion. the middle east on fire and the pacific is called relatively with the low intensity conflict with treaty ally the philippines.

stuart: biden is trying to put a lid on the war in the middle east and ukraine. that would be the flash point. all hell breaks loose in ukraine and china goes after taiwan. is that flash point possibility? >> the highest possibility, if you are thinking of invading taiwan, whether it is 5, 10, 15 years from now. we have a president who is in command of nothing. foreign policy is run by the secretary of state, national security advisor and the cia director, none of them doing particularly well. is he a killer? it seems there aren't any signs of imminent invasion in the pacific. there is reason for caution but you are not alone.

stuart: president biden began his second straight week of vacation despite saying he would finish his presidency strong. listen to what john kirby said when asked who is running the country? >> time and again the question i'm hearing from the general public which i put to you here, who is running the country? >> president joe biden. >> is here ceremonial figure? >> you know better than that. he talked to the prime minister modi today, he has leaders in the region and in europe, president zelenskyy, the president is on vacation but you can never unplug from a job like that, nor does he. stuart: the president is not sharp. he can't keep his train of thought to gather. is he really the guy who is running this country really?

>> he -- that' s a problem with being nsc spokesman, you have to lie for the good of the country. president biden is in command of nothing, it hasn't been the white start -- the white house staff. if you have a strong secretary of defense who is integrated into a foreign policy team, the people running the country, those three men i mentioned earlier, particularly secretary of state blinken and the national security advisor who are longtime biden staffers, they are the ones calling the shots. that's not good. sometimes to talk to the leader of america he needs to talk to the leader of america and that's not an option right now. stuart: see you again soon. trump laid out his plans for the military. if he wins in november. what is trump saying? ashley: he's talking about safe. he says the us is leading with all the major metrics in space thanks to his creation of the

space for sandy wants to add a space national guard. >> one of my proudest achievements in my first term was to create space force, the first new branch of the armed forces in 7 years. it's a big deal. now that space force is up and running i agree with your leadership to want this very badly but i agree the time has come to create a space national guard as the primary combat reserve of the us space force which i will sign historic legislation creating a space national guard. and do that. space force has been important. stuart: ashley: he pledged to build an antimissile system similar to israel's iron dome air defense system which is capable of intercepting short-range rockets. space national guard. stuart: reminds me of star wars in the early 1980s from ronald

reagan. critics calling out kamala harris for dodging reports and refusing to ask lane her policies. calling her campaign all vibes, no substance. president biden appeared frail and confused at a church service in california over the weekend. hunter biden appeared to be assisting his father giving him cues on when to stand and went to sit in church. was running the country? governor mike huckabee on that next. ♪ everywhere but the seat. the seat is leather. alan, we get it. you love your bike. we do, too. that's why we're america's number-one motorcycle insurer. but do you have to wedge it into everything? what? i don't do that.

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stuart: show me big tech. they were all down. they are mostly up. nvidia, alphabet on the upside, amazon down $1.79. amazon turning south as well. i want to know about a company called wyatt platforms. lauren: crypto infrastructure, all down. down 3% for micro strategy, 4%,

following the price of bitcoin lower. it seemed as the market was stabilizing from the lows in august there was a correlation for stocks moving in the same direction. it is happening a little bit today. crypto was hit harder. stuart: him and her. lauren: telehealth company, they prescribe weight loss drugs. they are down after eli lilly is selling single-dose vials at a 50% discount. it starts at 400 for eli lilly, 200 of him and her but it is competition. that is why the stock is down. stuart: competition and weight loss drugs. i want to know about hershey's. lauren: city says sell the stock, down one. 2%, citing cocoa inflation and weakness, volume weakness. city says hershey's plans to

increase prices again, prices keep going up and they say with another price increase that won't be enough to offset the impact, their price target 182, down 7%. stuart: 37 days and kamala harris has not had a formal interview or news conference. critics say her campaign and, - campaign is all vibes and no substance. her campaign said she will do an interview before the end of the week. do we have anything more on that? >> nothing yet. it has been mostly about vibes. the policy she's talking about is so general, stuff that can only happen if she wins the white house come democrats win the senate and democrats flip the house of representatives. talking about new houses for people, helping with down payments. >> building 3 million new homes

and rental, should be doing everything we can to make it more affordable to buy a home, not less. >> reporter: the newest spokesman insists a key part of their strategies to come across the most optimistic. >> a candidate with an optimistic patriotic new way forward that puts people's money in their pockets, helps them get affordable housing, the things people care about. >> the language is so generic it can apply to any candidate including the one who just dropped out, president biden. he remains on vacation and his involvement in helping harris remains unclear. >> president biden is looking forward to the difference he can make in remaining months and i'm optimistic given our recent conversations how he sees the campaign and the months ahead. >> reporter: vice president harris and her team are showing their hand which battleground state is the most important

outside of the democratic blue wall, she spending two days in a single swing state this week, it is georgia still. stuart: president biden attended church went on vacation with his family on sunday. fox reporter says biden looked frail, tired, and confused at times. his son hunter appeared to check on his dad to help, refuse to stand or sit during the church service. mike huckabee joins me now. back to this question as to who is running the country right now. is our president, joe biden, capable of running the country? >> every indication is he's not capable of running the country, he's not running it and we all wonder who is the shadow behind the curtain. can i throw something out? i saw this optimistic message kamala harris is doing. it reminds me of the guy who is an optimist and he fell off a 78 story building and someone

heard him at the 30 sixth floor saying so far so good. when i hear the democrats have this message of optimism, that's what i'm thinking. optimistic about what? what they've done to the economy? i know that was not your question. stuart: they are trying to get over that, gloss over that. i'm surprise she agreed to do a formal sitdown interview this week, i would like to know who with and when is it going to be released which i can see them doing a print media interview friday afternoon which they release at midnight friday. at labor day weekend. >> questions like what is your favorite color, who was the greatest rock band? if they don't ask hard questions about policies the change this, how she will permit those policies, it is not going to change in an interview. stuart: it won't work because the public will know you can't answer those questions. i'm going to change the subject

because you are in a new movie, god is not dead, in god we trust, hits the theaters september 12th. quick preview, role tape. >> there are more ordained ministers in congress right now than ever before, we hear this phrase thrown at you a lot, what about separation of church and state. >> it has been reduced to a catchphrase. no one wants but it can be blurry sometimes. stuart: is that a conventional move? like a documentary. >> it's a conventional movie with dean cain, scott bio, isaiah washington, really powerful film and so timely. it's been a develop in 2 or 3 years but is it poignant for right now just before an election. one of the great points is 30 million christian people in this country don't vote. 40 million. of half of those people would vote, the election is transformative.

it is really about, should people who are christian get involved in politics, even to the smallest level of voting and the answer is yes. that's an oscar-winning performance in this film, i'm working on my speech. stuart: you play your self. >> nobody else would do this. stuart: a little flattery on tuesday morning. great to be with you. hundreds of venezuelan migrants are reportedly working illegally as food delivery drivers for food delivery. j.d. vance is headed to michigan where he is expected to rail against the democrats's ev push, trump says evs are killing michigan and emboldening china. aishah hasnie has the story after this. ♪

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stuart: the reading has modified and turn green. the dowpoint, nasdaq up 23 points. at this point we need to bring in mike lee, the super bowl. i know you are super bullish on nvidia's report tomorrow, do you think they will be every which way, am i right? >> yes. it is the super bowl of earnings. we get it once 1/4 now. but i'm very bullish on earnings because we've heard it from amazon, from facebook, google, microsoft of that they are spending way more money on capital investments for arartificial intelligence. what is going on in the ai universe has major companies use the clouds in various

companies to do their generative ai projects which at some point they will set up data centers which would be another level of spending, we don't know when it will come, i think the market has underestimated the amount of investment going into the infrastructure for artificial intelligence. we will get a spectacular beat, against guidance raised going forward. what the market will be listening for is moving the stock, what the ceo says about the future and how long the runway as. is. stuart: if he raises any question about the delay and the performance of these blackwell chips, any problem going forward would really sink the stock and the whole report, wouldn't it? >> i'm not so sure. the bearish argument around ai

is this is bad, the end user is not seeing high return on investment for spending all this money. if he gives sentiments that the wrong way for this is multi years in front of us to where they are selling every single possible chip they can make whether it is delayed accord or performed lower. that's the big message. what is interesting about this quarter is this stock, pretty hard a couple times since the last report, it is underowned by hedge funds and mutual funds and if they gave us gangbusters numbers, if they were to raise guidance and tell us the runway as long you have a game of catch up allowing the stock to explode to the upside. stuart: mike lee, good stuff, see you again soon. j.d. vance headed to rural michigan to go after democrats for their electric vehicle

portion that state. aishah hasnie, what can you expect? >> this is a first for me, here we are and behind me, i say foresees, these are your majestic parisians, extremely rare and you might be wondering why j.d. vance is coming to this horse farm, it's down the road from where a chinese owned company is planning to build a massive massive $2.4 billion lithium battery plant for evs. gretchen witmer green let this, touting the plant that will create more than 2000 jobs but donald trump says the push for evs nationwide is, quote, killing michigan and is a total vote for china. vance is expected to blame the biden/harris administration's,

quote, more on energy for causing two major engine plants to closing michigan. vice president kamala harris's campaign launching a blitz about housing today, telling the story of her mother's struggle to buy a home touting a four your plan to end the housing shortage. the trump campaign is ramping up big time, their visits to battleground states like michigan where harris still has an edge in recent polling, yesterday trump picked up an endorsement from democrat turned independent also gabbard. he opened the door to keeping the mike's hot during the upcoming first presidential debate with harris next month, the two sides are clashing over debate rules, pushing to keep the mike's on while they want to stick to agreed-upon rules. >> kamala harris is looking for an off ramp. they realize they are in trouble. keep in mind last time someone got in the political ring with donald trump ended their career.

>> reporter: we will try to catch up with senator vance and ask about his own debate, what he has heard about the trump/harris debate, things have solidified but we will be here for those remarks at this beautiful horse farm. stuart: thanks very much. millions of australians have a right to ignore their bosses, managers who violate the right to disconnect locket face fines of $50,000, details on that right after this. ♪ [♪] can a personal loan unlock your ambitions? oh yeah. consolidate bad debt and save money for your next goal. take a swing at your kitchen reno... we meant that literally. or design your actual dream wedding. all your ambitions. all in one app.

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stuart: millions of workers in australia given the right to ignore their bosses outside of work hours thanks to the new right to disconnect law. madison, what happens to bosses who break the rules? >> the punishment can be pretty severe. the work commission can order a company to stop contacting their worker after hours. if the order is not obeyed the company can be fined up to

94,000 australian dollars equal to 60,000 american dollars so if you are not working and want to ignore your boss's calls, text or e-mails, the law is on your side. australia's right to disconnect law doesn't prohibit employers from contacting workers outside hours but it protects workers who refuse to respond to their boss. if the reason they reach out is deemed unnecessary and if that's the case workers can't be punished. according to reuters unions and rights groups are saying this new law for australian workers is overdue. >> it's important we have rules like this. we spend so much of our time connected to our phones and emails all day and it really is hard to switch off as it is. i'm all for it. >> reporter: employers associations say the legislation is flawed, was rushed into law and can harm work productivity, australia is not alone. similar laws are in place in

germany, france and other countries in the eu and latin america. the us has yet to enforce these laws but similar legislation has been introduced in california and these laws have become especially popular since the pandemic and remote working. digital tools made it a lot easier for bosses to contact their workers round-the-clock. stuart: thanks very much indeed. jennifer, i have to tell you i don't want to that kind of thing coming to america. who need to pack of lawyers deciding if that's a vital call or not whether it is important or not important, we don't want to become bureaucratic like this, do we? >> i don't want government intervention in this kind of thing not to mention if you work for global company calls might come and at all hours. that can't be helped.

i worked for many years at levis as a global leader, managed people in 200 countries. morning from he is evening for them. stuart: we are in the news business. imagine the folks who put this show together, completely out of the loop because they don't want to take the call or the email, out of the question. last word to you on this. >> less government intervention, let businesses run their business the way they see fit. stuart: former lpga tour golfer amy olson speaking against the transgender golfer haley davidson calling her involvement in a game unfair to the women who worked too hard and too long. how do we decide who can compete in women's sports? is it a matter of testosterone levels or chromosomes? how do you do it? >> chromosomes. women sports must be for x x

only. right now i will tell you the women's category is open to everyone, men who say they are women, men who are xy who have differences in sex develop and, women who say they are men, women who say they are trans men compete in the women's category, the women's category is open to everyone and that is how we get the situation. a failed mail golfer competed at the d 2 level, won 0 boards, switched over to women's and is now about to qualify for the lt ba. dies level for women's golf. it is not right. the biggest, the single biggest determinant is chromosome. not steroids, not anything else, you're born sex which how can we allow this? it isn't fair to every single woman vying for a spot in the ldp a. haley advance to the next

round, 0-sum game, 95 women advance to the next round, is shot out. hard-working female -- stuart: chromosome x x you're in, xy you are out of within sport, correct? >> yes. i'm sorry if it seems unfair but sports are not about validating identity on a sports, the governing bodies have an obligation to create as fair and level playing field as possible, the lpga neglected their duty. stuart: thanks for being on the show and pointing out reality. come back soon. still had. jimmy failla asked new yorkers who they think will win the election, the surprise answers. some schools closing and bringing back pandemic era measures as covid cases surge. jody baker think the democrats deception may win the election. what deception is he talking about? the 11:00 hour of "varney and company" is next.

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>> what's very interesting over the last few weeks i