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i also want to thank adam johnson for joining us for the hour. ley: great to have you here. still ahead, tammy bruce on democrats pressuring biden to drop out of the race. that goes on. art del cueto will be here on a surge of fentanyl and weapons coming across our northern border. steve hilton on claims the media covered up biden's cognitive decline. and new york congressman mike lawler on leaked texts that show deans at columbia university mocked jewish students over their concerns of anti-semitism on campus. the 10 a.m. hour of "varney & company" is next. ♪ i put my hands up, they're playing my song -- ♪ the butterflies fly away. ♪ i'm nodding my head like, yeah. ♪ if moving my hips like, yeah. ♪ i've got my hands up, they're playing my song -- ♪ you know i'm going to be okay. ♪ yeah, it's a party in the usa ♪ .. what will you do when the power goes out? power outages can be unpredictable and inconvenient, but with a generac home standby generator, your life goes on uninterrupted. because when your generac detects a power outage, it automatical

similar second half you want to put new money to work in the stocks now. >> i been put into money, adam johnson three ease of earnings, employment and economy, earnings we will see by the time the second quarter reporting season is done we will see ten, 1112% growth that is faster than the previous two quarters seven and 8% and the reason we have earnings people are employed in spending money we have the most number of people transiting through airports this sunday after july 4, people have money and i know things cost more and it's uncomfortable but thank goodness were employed so were able to spend money and as we spend that is good for earnings because two thirds of the economy is related to consumer spending and then we have the economy, gdb growing around two, maybe 2.5%, against a backdrop of inflation finally starting to come down toward three, maybe the middle choose which is why we can talk about rate cuts. i think that is a powerful backdrop for stocks whether you're talking small caps that are finally going to get break on the interest-rate front or whether you talking about the cont

adam johnson, what do you make of that a chaos in d.c. yesterday? >> despicable.s who love this country. and yet there is the issue of free speech and, you know, where does it stop, where do how you draw the line, you know? if you can't burn a flag, you know, what else can't you do? so admittedly, i struggle with this. i think it's despicable, and if i were there, i'd probably try to put it out, and they'd probably hurt me for doing that. stuart: one young man did. >> he tried to put it out, and look what they did to him. stuart: that's an assault, by the way. >> yeah, right. so it's, it's something that we struggle with. you know, i like the way the north carolina, university of north carolina frat boys as they were called defended the flag and and held it up. stuart: yeah, i remember that. >> yeah. that was a beautiful moment. stuart: all right, moving on, check futures real fast now as i see a little bit of red ink appearing on the dow. flat to lore on the s&p -- 30 points up on the nasdaq. the opening bell is next. ♪ ♪ introducing new advil targeted relief. th

also with me is adam johnson.ast night, good night, dow closed up by 162, nasdaq up 14 #. 14-- the nasdaq a new record hi. the 10 year treasury yield is on your screen, we're moving higher. fed chair powell spoke yesterday at the central banking forum in portugal. he talked about t path for u.s. rates. watch what he said. >> i'm not going to be landing on any specific dates here today. we're well aware that if we go too soon, that we could undo the good work we've done in bringing down inflation and if we go too late we could unnecessarily undermine the recession. we don't see ourselves getting back to 2% inflation this year or next year, maybe late next year and the year after. we are making real progress. we're getting back on a disinflationary path. we want to be more confident that inflation is moving sustainably down. cheryl: if he's not getting to 2%, when's the rate cut supposed to happen. >> i don't know. we're at 2.6% on the pce number, the preferred gauge of inflation next week. based on my estimates we'

adam johnson with us this morning. >> yes, sir. rt: adam, that chart suggests it's a trump rally. is it. >> oh, it people speaks volumes -- it speaks volumes, stuart. there are a cop couple things. markets hate uncertainty, and the fact that mr. trump is moving forward not only with the party, but nationally, just look at the polls, that's very strong. it reduces uncertainty. so that's part of it. point number two, which i think is even more important, the market likes a trump presidency far more than a biden presidency because a trump policy is about letting american ingenuity blossom and move forth. fewer regulations, number one, for all a businesses. finish if using the oil that a we have so that we are number one in the world. number one in the world. we produce more oil, can produce if more oil than saudi arabia and russia. that's incredibly powerful. imagine the different conversation that we'd be having internationally if the u.s. were producing all this oil and pushing the price of oil down. china would wan our oil, number o

board, the nikkei average in japan data entry better than 1%, joining the conversation bullseye in adam johnson, posted the president zelenskyy and partners lee carter is here in federal prosecutor former acting ice director jonathan fahey is here. "mornings with maria" is live right now. ♪ maria: it is time for the hot topic of the hour president biden is expected to address the nation from the oval office after dropping under the 2024 race as he seen in public for the first time yesterday in six days he dodged questions about his announcement tonight. watch. >> what are you going to tell americans tomorrow night. >> why did you drop out mr. president, why did you drop out of the election what difficult decisions did you make. maria: it becomes as biden press secretary karine jean-pierre called concerned that biden can't finish his term as president ridiculous. >> criticism with the white house was transparent about biden's health in the months leading up to the debate, now calls have gone further including vice presidential candidate jd vance saying if he is not up to serving four more years

i want to thank you all, adam johnson, mitch roschelle, todd piro, thank you for being here.aq up 76. don't forget to join us next week, we are live9 from the rnc convention. we're going to be in milwaukee, "mornings with maria" will be originating from the rnc monday to thursday, and we will likely get the news on who the vice presidential pick is. so stay with us. that'll do it for today. have a great day, everybody. see you tomorrow. stu, take it away. stuart: good morning, march -- maria. good morning, everyone. president biden's ongoing battle to stay ahead of the democrats' text

adam johnson. >> the nasdaq has fallen so % -- 10% over the past two weeks, buy it.we're going to get rate cuts. more on that later today at 2:30 when chairman powell tells us how he views the rate situation. maria: great point. monica. >> the middle east to newly aflame now, stakes are very, very high, and the american people have no idea who is running the country. where is joe biden? we have not seen him. is kamala harris the acting president? is the obama team still running the country? the american people deserve transparency and answers. maria: well, i'm surprised we haven't heard from joe biden after the head of hamas was taken out in iran. trisha, your final thoughts. >> completely agree with monica but also turning to veepstakes, i think it's got to be josh shapiro out of pennsylvania. there's a new axios report that the harris campaign is pressing wall street donors to cut checks asap if because of a financial regulation that a says sitting governors cannot be -- [inaudible] if they're on a incompetent. i think all signals are -- on a incompetent. all signa

management president and host of payne points of wealth podcast, ryan pain with us, also with me is adam johnsonroschelle. great to see everybody. adam, thanks for joining the conversation. i want to kick things off with you with the momentum in stocks, unbelieveable, another record high, fresh new record high for the s&p 500 yesterday. look at where we stand. 5576 on the s&p, 18,429 on the nasdaq, despite federal reserve chairman jay powell warning the senate banking committee yesterday that holding rates high for the too long could jeopardize economic growth, admitting the labor market has slowed down. we're waitering -- we're waiting on powell's address today. he'll be speaking before the house financial services committee yesterday. what do you expect today. >> three critical questions, how's the economy doing, what is powell going to do on rates and where are earnings going which ultimately for me as an hot topinvestor, portfolio manager,u have to balance all three. mr. powell made clear there are changes in the i economy, things are slowing down, on the one hand, that's not great for earni

shanghai composite the only weak spot, joining the conversation bullseye american ingenuity fund adam johnson former trump administration tricia mcla mclaughlin, "mornings with maria" is live right now. ♪. cheryl: it is time for the hot topic of hour, bad news for biden keeps coming a new poll shows vice president, virus pulling better than biden with 45% to trump's 47%, it calls for the president to step aside coming from every angle, house democrats junior golden in the way god it on bite inside a vial calling for him not to run as reuters is reporting 25 democratic members of the house of representatives preparing to call for biden to step aside if you see shaking in the coming days. the new york times is with the piece titled biden's lapses are said to be increasingly common and worrisome. even nancy pelosi acknowledging the presidents weaknesses, watch this. >> he has a bad night. again i think it's a legitimate question to say is this an episode or is this a condition, as more people asked that question is more legitimate of both candidates. >> the new york times writes this, people say

fractional moves across the board, joining the conversation bullseye american ingenuity fund manager adam johnsonmanaging director mitch rochelle and "fox & friends" cohost todd piro. "mornings with maria" is live right now. ♪. maria: it's time for the hot topic of hour. former president trump rally with tens of thousands of supporters in florida weighing in on the disarray of the democrat party. take a watch. >> the radical left democrat party is divided in chaos in a full-scale breakdown all because they can't decide which of your candidates is fitted to be president, sleepy cricket joe biden or laughing kamala harris. he picked, but here is as is vice president because it was an insurance policy. if joe pick someone halfway competent they would've bounced in from office years ago, doesn't matter who they nominate because we're going to be anyone of them. maria: democrats effort to push biden off the ticket facing an uncertain path with congressional democrats split on president biden's future after holding conference meetings yesterday. the house meeting is said to have left swing district dem

also with us is adam johnson. thank you for joining the conversation. >> great to be here.aria: great to see you. want to talk about earnings season. we've been talking about it pretty much the last week and-a-half. second quarter earnings season now in full swing. get your take on what we're seeing, alphabet reported a really what i think is a mixed quarter, they claim it's a double beat on earnings and revenue but, you know, google's cloud revenue was strong but youtube advertising revenue missed their expectations. the stock this morning as you can see investors are reacting and the stock right now is down 3 and-a-half percent. tesla reported weaker than expected earnings as its auto sales fell for the second straight quarter by 7%, despite revenue up 2%. so these are just two companies of what we're seeing in the -- two examples of what we're seeing in the earnings season today. what is your characterization of so far second quarter reports. >> so far, so good. you had 20% of companies have actually reported, 80% have beat. that's what we expected. adam's been beating t

i want to thank you all, adam johnson, mitch roschelle, todd piro, thank you for being here. we are 30 minutes away from an opening bell, the nasdaq up 76. don't forget to join us next week, we are live9 from the rnc convention. we're going to be in milwaukee, "mornings with maria" will be originating from the rnc monday to thursday, and we will likely get the news on who the vice presidential pick is. so stay with us. that'll do it for today. have a great day, everybody. see you tomorrow. stu, take it away. stuart: good morning, march -- maria. good morning, everyone. president biden's ongoing battle to stay ahead of the democrats' text and the ongoing, record-breaking stock market rally. we'll start with politic things. biden's struggles have gripped the nation. michael bennett becomes the first senate democrat to break with the president. he says trump may beat biden in a landslide. the argument about the president's medical condition will not go away. the white house says biden does not have parkinson's disease, but some doctors obvious serving his -- observing his behavi

harris campaign did last night, joining the conversation bullseye american ingenuity fund manager adam johnson, former assistant secretary of treasury monica crowley and republican strategist trump administration official tricia mclaughlin, "mornings with maria" is live right now. ♪. maria: we are focused on the middle east as tensions are mounting, hamas confirmed the top political leader was assassinated in an airstrike in iran marking the biggest escalation of this war so far in the highest-ranking death of a hamas political officials and the war in gaza began a comes hours after it killed the top hezbollah commander and beirut in response to the golan heights attack on children soccer field in sl difference as regional contentions arise here is the u.s. secretary lloyd austin. >> can you confirm if israel is behind the strike that killed the senior hamas leader entire ran and you get a warning that this is going to happen? >> i don't have anything for you. >> was for the reporting but i do have additional information we will do everything that we can to make sure that we keep things from t

also with us is adam johnson. greg, thank you for joining the conversation.y we've been waiting for. let's take a look at interest rates ahead of the conclusion of the two day fed meeting and the 10 year sits at 4.13%. we'll get the fed's decision on rates and on monetary policy going forward at 2:00 p.m. eastern. chairman powell will speak at 2:30 today. the fed is expected to hold rates steady today as the futures market is pricing in 100% that we'll get a rate cut in september. several market watchers are telling clients today to buy the fear, buy the dip, expecting a rally in stocks after today's decision. here's one, greg, this is from thomas lee, head of research at fund strat. buy the fear, high probability of a 4% to 5% five-day rally in equities post fomc led by small caps. i know you're a rate guy. but on stocks, would you buy small st cap stocks or you wanto put most of the money in fixed income? >> look, i think there's trading right now, it's a little convoluted in general in terms of the rotation, what it means, what it means for interest rates.

fortunately, adam johnson is with us, and he has to explain why we have this very good inflation report my opinion, and the market's down. >> well, because we have had 40 new all-time highs already this year, and it's only july. yesterday the dow was up 429 points. you can't go up every single moment based on every single data point. you're looking at the futures right now, i think actually we'll finish the day higher. so i'm not worried about that. i don't try the trade moment to moment. but this is wonderful, wonderful news today, stuart, for all of us who are sick and tired of paying more for everything. we saw prices decline month over month for only the third time in five years. you rarely see prices go down. so this is, certainly, very good news for all of us. stuart: i just want your comment if on this extraordinary global stock market rally. i mean, in america it's gone -- >> yeah. be long or be wrong. so many people have been so negative for so long because of inflation, and i get that. but the good news is that this economy, no matter -- [laughter] despite joe biden and the de

first ladies so we've done programs virtual programs including on betty ford nancy abigail adams lady johnson eleanor roosevelt jackie kennedy nixon to name just a few we've done whole bunch more many of which have been picked up by c-span. we do social hours and are important because people who care about first lady's flair? members get together or sometimes we do a program, we just let and sit them talk and you find really interesting things coming soon will be the first addition ever. the journal of first ladies study are each journal which is further promoting research and education about first ladies and again it is the first of its kind and another benefit of flair is the opportunity to name someone for the prestigious louis alcalde award research circles. and let's have expert speakers bureau just a few of the flair. so please please do think about joining flair have a whole level of different memberships. flair has enhanced by our partnership with our institutional lifetime members and therefore where board members are there and now we have a wonderful list of institutional members. a

that that he was of his pre does, this is like about his johnson anyway, originally so not does want to have better relations, but he's adamant, but he does not want to read joy. the single my kids all the customs you did. indeed he says nothing in my lifetime. so he's quite tough on the big picture, but he's quite keen to do small gestures of, of change to improve relations. he's also very clear that he wants to remain a strong supporter of ukraine in the will with russia. and he's very keen on transatlantic relations. although again, that may be difficult if there is a real possibility that donald trump might become the next us president. and i think the relations could be quite difficult. the reform party, it took a lot of votes away from the conservatives. for a viewers, you don't know, this is a populace party led by nigel for ross, you happens to be a friend of donald trump. how big of an impact do you expect this party to have after all, it has. what i'm looking right now. it only has what 4 or is it 4 or 5 m p 's now, or that for the last kind of dry sink. but um, you, so it has to go to big representation, but it did

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, well, naturally the reaction of michael johnson, the speaker of the house of representatives, with whom... elon musk also agreed. why are democrats so adamantllegals into voters. we must pass conservation legislation to prevent this. their goal is to let in both as many illegal immigrant voters as possible. yes, it’s very interesting, it’s probably worth explaining to the russian viewer what the main idea is, and i think it’s completely incomprehensible. that the republicans are proposing a form in which when you vote, you have to show a passport or any other, any other document that says that you are an american, a citizen, now you can vote with a driver's license or anything, and you can be anyone, or you can it’s not possible to do anything at all, and for them it’s naturally scary thing, well, we know that the democratic party has three main sources of votes, in addition to everything else, which they rely heavily on, these are illegal immigrants, this is voting by mail, where you can... draw and dead souls from american cemeteries, it's like would be that that is most likely the source and 300 long-standing parts of the victory of the

looked at, i think we've lost about ten across kent, lost some very good friends like adam holloway and gareth johnsonero scrutiny group. so there, there on that sort of right side of the party, right thinking, thinking as well as sort of right of centre. they've been taken out by the effect of reform and all the seats i've looked at, if the reform vote was added to the conservative vote, i know it's not quite as simple as that, because there would be some reform voters that were ex—labour voters. but majority, i would say, are conservative voters or would be, the reform vote has been the difference between us. >> let me ask you then, what does that mean in terms of moving ahead, looking at the future? i mean, reform will have ambitions in their own right, but practically has reform and the conservative party got to come to some sort of realistic settlement that suits both of them well. >> what is rather sad? you know, the people who are doing the maths in the background will be adding up the votes. i don't know quite yet, but it could be that the conservative plus reform vote is bigger than the labou

the funding that they need will not speak to adam johnston, who's a senior policy advisor at the norwegian refugee council. joining us from geneva, mr. johnson, thanks for your time. so this must be shoes really concerning. as the needs are rising much faster than the donor funding coming in. as we can see, what do you think is behind this? it is incredibly concerning. we're seeing unprecedented humanitarian name globally with 100000000 people displaced primarily due to conflicts. and yet funding is other ultimate lo, last year we saw the 1st decrease in funding support. so you monitor in response plans and this year things are looking as weak with only the 70 percent support as you've mentioned. so what impact or number business having on all the on those most the needs from what you see as well as you mention, most of the support goes to a few crises, while many crises remain neglected and under funded. you mentioned working of basso body, venezuela. um, a sedan, and in those contexts we have one person at the numbers of people who are without assistance. we see food cuts in the assistance. we see people turning to negative coping mechanis

mikejohnson one from mike johnson describing one from mikejohnson describing this as a horrific act of political violence are to please full campaign rally. the mayor of new york eric adamslitical violence has no place in this country and he is saying that out of an abundance of caution the new york police department is sending officers to certain areas across the five boroughs. home to donald trump, he has many properties there and that reflects a concern, i think, there and that reflects a concern, ithink, in there and that reflects a concern, i think, in that locality and in that statement. another one from robert f kennedyjunior whose family have been utterly visited by political violence in this country over the decades he said that now is the time that every american who loves our country needs to step back from the division. renounce all violence and unite in prayer for president trump and his family and the list goes on and on. additionally we were talking earlier about the international reaction and that continues. international reaction and that continues-_ continues. briefly it is clear in terms — continues. briefly it is clear in terms of _ continues. briefly

i mean, the abigail adams letters to john and his to abigail it's both old it goes from old to new. lyndon johnson's love letters to lady bird. he was way more eager than she was. you know, her 6 hours. she was ready to marry her. and lady bird is much more clever. he was smart to know that. and i know we're to the speeches. you know that my is communication and speeches like barbara bush's speech at wellesley. there are four first lady speeches that were identified as among the top 100 political speeches of the 20th century. there were 137 of us faculty who were surveyed, eleanor roosevelt to speeches on the universal declaration of human rights that she gave at the sorbonne in france. barbara bush's wellesley speech and hillary clinton's beijing speech. and i spent a couple of weeks at the bush library looking at presidential debates, but mainly looking at barbara bush. and that speech and the things i found about the background, that speech was controversial because the wellesley women choose her. if you remember, was a protest. and so to see memos, to see the decision making it added to what we

i mean, the abigail adams letters to john and his to abigail it's both old it goes from old to new. lyndon johnson's love letters to lady bird. he was way more eager than she was. you know, her 6 hours. she was ready to marry her. and lady bird is much more clever. he was smart to know that. and i know we're to the speeches. you know that my is communication and speeches like barbara bush's speech at wellesley. there are four first lady speeches that were identified as among the top 100 political speeches of the 20th century. there were 137 of us faculty who were surveyed, eleanor roosevelt to speeches on the universal declaration of human rights that she gave at the sorbonne in france. barbara bush's wellesley speech and hillary clinton's beijing speech. and i spent a couple of weeks at the bush library looking at presidential debates, but mainly looking at barbara bush. and that speech and the things i found about the background, that speech was controversial because the wellesley women choose her. if you remember, was a protest. and so to see memos, to see the decision making it added to what we

i mean, the abigail adams letters to john and his to abigail it's both old it goes from old to new. lyndon johnson's love letters to lady bird. he was way more eager than she was. you know, her 6 hours. she was ready to marry her. and lady bird is much more clever. he was smart to know that. and i know we're to the speeches. you know that my is communication and speeches like barbara bush's speech at wellesley. there are four first lady speeches that were identified as among the top 100 political speeches of the 20th century. there were 137 of us faculty who were surveyed, eleanor roosevelt to speeches on the universal declaration of human rights that she gave at the sorbonne in france. barbara bush's wellesley speech and hillary clinton's beijing speech. and i spent a couple of weeks at the bush library looking at presidential debates, but mainly looking at barbara bush. and that speech and the things i found about the background, that speech was controversial because the wellesley women choose her. if you remember, was a protest. and so to see memos, to see the decision making it added to what we

response to that is from mark congressman adam kinsinger, who says you do know what he and vance said about ukraine there, boris? an extraordinary statement that boris johnsonscussing tonight. yakima i boris is not a great one for detail, you know? — boris is not a great one for detail, you know? so maybe he said some stuff to— you know? so maybe he said some stuff to former president trump and trumb _ stuff to former president trump and trumb said — stuff to former president trump and trump said things which boris is over interpreting her over banking, maybe _ over interpreting her over banking, maybe he — over interpreting her over banking, maybe he is— over interpreting her over banking, maybe he is persuaded from the chain position— maybe he is persuaded from the chain position but— maybe he is persuaded from the chain position but i kind of doubt it. but i think it's — position but i kind of doubt it. but i think it's not a bad thing that boris — i think it's not a bad thing that boris is — i think it's not a bad thing that boris is having a go at that. good on him _ boris is having a go at that. good on him for— boris is having a go at that. good on h

adam chain of course we'll have more on that. and we are talking to pauljohnson on that. and we are talking to paul johnsonthe institute of fiscal studies, who is the to be honest, he is the seer, the sage of all public finances to see whether labour are protesting too much about the scale of the £20 billion black hole. >> one of the things the chancellor said she might do is sell off some empty government buildings. that sounds quite sensible to me. yeah, but i've heard it all before. yeah. i'm sure. right. up next, find out where a radical muslim cleric plans to buy a small island in the uk to turn it into an islamic homeland for all believers. his quote this is britain's newsroom on gb news. >> this is his private army >> welcome back to britain's newsroom. it's 949 now. a controversial muslim cleric is raising funds to buy a remote scottish island and turn it into his own islamic state, where shana his own islamic state, where sharia law would be practised. >> so he's called sheikh yasser al—habib. he's already raised £3 million for the purchase. the owner of torsa, which is just off the west coast of

adams, of course, writes monroe doctrine for james monroe. ulysses grant is a player notably in the civil war, but also a direct in the tenure of office act fight between president andrew johnson and congress after the civil war. and taft was theodore roosevelt's secretary of war and right hand man and. it's important to remember that taft earlier on in his career is civilian governor of the philippines. there's a tendency to think of taft primarily as judge, but his work in the philippines suggests a deep experience in executive authority that then translates into the presidency and to put this all together, i think the new understanding of what the state was doing gives us a host of issue areas to look for presidential power and looking for presidential power throughout the 1800s reveals extensive exercises of presidential power by numerous presidents. the this fascinating is also lindsay as historians you know, we love ranking presidents, right with every year there's a you know, a new ranking and things don't change all that much. but the three presidents that stephen is talking about so usually ranked very high on that list of presidents. so to if stephen is right and and

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