let's bring in stuart varney. >> this is another big trump win. is, this is a breakou breakout. we are saying goodbye to ten years of sluggish growth and hello, good morning too much more rapid rate of growth. 4.1% on an annualized basis. >> so that people understand what's going on, this is for the second quarter of this year at 4.1%. what wasn't the first quarter. >> it was 2%. >> so it has doubled. >> yes. you've gone from january to march of 2% rate of growth and april through the end of june at a 4.1% rate of growth. we have not seen that kind of growth since one quarterback in 2014. we have not had a one-year time period of 3% growth since 2005. this really is a breakout. >> how is the market going to react. >> that's a very good question. i suspect it's very baked into the market. the investors are already expecting at least 4% growth. that's kind of big didn't. >> why are we seeing this growth. >> the tax cuts, deregulation, and the pro- business presidency. that makes enormous amounts of difference. business feels okay, the coast is clear

david: stuart varney is very interesting in that one. back to the markets, the dow is snapping a five-day winning streak. dragged down by shares of travelers, boeing, american express. phil flynn watching action in oil and gold from the cme. nicole petallides on floor of new york stock exchange. nicole about at session lows now. >> we absolutely were. we're down 146 points. we're not too far off the levels. we started to come back. look we're back in the red. you mentioned some laggards. some names pulled it out like ibm and disney. market breadth was down snapping that recent winning streak. we kept a keen eye on president donald trump and comment he made in an interview where he said hoped the federal reserve would stop raising interest rates. that is unusual for a president to actually comment on what the fed's actions would be. keeping monetary policy somewhat easy continues to spur this economic growth. where they continue to raise rates, even if they do it rapidly, that could quell some of the growth we've seen in our economy, tame

stuart varney who hosts varney & company in about an hour he said this is a big win for potus. f soybeans, the farmers are feeling better about that and trump is on his way to iowa later on today, even more important, the europeans are going to take our energy, they will take liquefy natural gas, take that russia. brien: they will work together to have that happen. a lot of times i believe this theory, sometimes you take a marriage or long-term frich you take for granted. what happens -- steve: the marriage wasn't fair. >> you take people for granted, it's human nature. the president walks in here, i know you had a relationship but i don't like a few things about you, first you get taken aback and maybe taken aback with the nafta last week, and now they are saying, okay, here is the deal, let's eastern our trust -- earn our trust and show me you care about the relationship, spend more, to me this is a marriage which is a series of one-year contracts. ainsley: so much on the agenda. steve: heck of a marriage. brian: one-year contracts, think about this. steve: yeah, but you know,

everybody is watching it especially, the host of "varney & company" stuart varney.: dagen: i love it. >> i don't know what i am talking about when it comes to earnings. dagen: that is not true who held on to microsoft stock you what stock hit all-time high friday microsoft there you go. >> nothing to do with earnings per share, or qe 3 or anything else believe me. >> i think a pivotal week stuff going on makes an enormous difference in your money. as you said, dagen first of all, you got the earnings from big tech, a big week for bike tech here they come find out how much money they made much they suspect to make in the future that will have a significant impact on those stocks big tech stocks, have been leading this market at least a couple years then we've got the gdp numbers that is friday morning, 8:30 eastern time, i know you will be covering it so will we i expect around 4% growth. per year annualized a blockbuster news item never achieved that rate of growth, in the last four i think four years, since we had a 4% quarter. then don't forget wednesday, we have

stuart varney in a bad mood stay away. he is in a good mood, say hello. "varney & company." roger goodell can say what he wants. union has to vote. 45% of the revenue goes to players. until they feel in the pocketbook, a lot of deals were done a long time ago i don't know that things changing. stuart: it's a tragedy to see this nonsense continue into the season beginning. brian a, thanks for joining us sir, see you again real soon. >> absolutely. stuart: president trump making a deal with europeans to sell them some of our natural gas. i think that is sticking it to the russians. chris wallace, sat down with russia's president vladmir putin right after the summitwe'll have chris on the show shortly. we'll get his take. >>> first a democratic congressman, democrat congressman should be who lost to alexandria ocasio-cortez, joe crowley, there he is, he has a radical idea of his own, financially compensate, give taxpayer money to the families who were separated at the border. what do you think about that? we're on it. ♪ ♪ you shouldn't be rushed into booking

dagen: and we love you all day long every day stuart varney we will see you in 13 minutes, sir a reminderng up fox business reporter jeff flock is flying high, at at the largest air show in if america! jeff? . reporter: i tell you look at that b-1 bomber up close personal i know you are a car fan dagen so i said how can we make dagen happy at air show how about a plane that drives or a car that flies? you better. stay tuned what you will see. ♪ you better believe ♪ hey, you gonna fly ♪ you are gonna fly ♪ how do you win at business? stay at laquinta. where we're changing with contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com. when it's too cold for camping, we go camping. when it's too hot to work, we work. too wet to keep going? nah. this is the gator xuv835. with game-changing heat and air and three-wide seating. it's never too anything for anything. nothing runs like a deere. get $400 off the gator xuv835m at any participating john deere dealer. get $400 off the

he talked to stuart varney earlier. >> this is the pharmaceutical industry seeing the writing on theknow that president trump and i are committed we'll bring prices down. and driving swift, firm regulatory legislative act to create every insensitive to bring prices down. liz: what is the future here? do you think drug prices will really down with this absolute. >> absolutely, he is a very straight forward guy. a lot of other things in works not only pressure. but more price tran search trana drug dashboard that signs a spotlight on the drugmakers that are raising prices. liz: that is it. you want to get this into the market. >> absolutely, liz, more generics approved, fda this week passing new regulation more biosimilars can be approved. prices are lower, there is more competition. liz: do you think that hospitals and doctors should be forced to show their pricing? >> yeah, absolutely. >> in a better way. >> i believe that, because pharmacy benefit managers are busy in middle sucking up profits not transferring it to pch if doctors and hospitalled showed who was making money, patient

stuart varney here to break down what it all means for your wallet for those few carrying a wallet. ham bell here... no, no, my number is one, you must want two! two, i say!! like my father before... [telephone ring] like my father before... ahoy-hoy! as long as people talk too loudly on the phone, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. is taking the family up to the lake for the weekend. but without the white knuckles this time. 'cuz his new 2018 ford f-150 has blis with trailer coverage. it's brainiac smart. not only does it watch your f-150's blind spots, it's got your trailer covered too. just another reason why ford f-series is america's best-selling truck for 41 straight years. ♪ this is the new 2018 ford f-150. it doesn't just raise the bar, pal. it is the bar. let's see. if these packs have the same number of bladder leak pads, i bet you think bigger is better. actually, it's bulkier. always discreet doesn't need all that bulk to protect. because it's made differently. the super absorbent core quickl

stuart varney on that coming up next ♪ i do it for ♪ relief that works as hard as you do.hed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. gathered here are the world's finest insurance experts. rodney -- mastermind of discounts like safe driver, paperless. the list goes on. how about a discount for long lists? gold. mara, you save our customers hundreds for switching almost effortlessly. it's a gift. and jamie. -present. -together we are unstoppable. so, what are we gonna do? ♪ insurance. that's kind of what we do here. ainsley: according to brand new poll president trump's approval rating hitting all time high 45% this month. powered by strong support of republicans. steve: economy is number one issue deciding their vote in the midterm elections this november. todd: stuart varney the host of varney and company on the fox business network is here to weigh in right now. so, news flash, it's the economy, stupid. which we have

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here is stuart varney and "varney & company." e house lawn. you will see it live right here. the backdrop of the speech is another trump win. it is a breakout. the economy thrown off sluggishness last 10 years. here is the number, 4.1% annual growth, best performance any quarter in the last couple years. politically it's a trump win because this stellar growth is largely the result of the trump growth agenda. that is what he ran on,

stuart varney is here. walking but we will take a shot at finland because that's where we are all focused. ♪ ♪ [music playing] across the country, we walk. carrying flowers that signify why we want to end alzheimer's disease. but what if, one day, there was a white flower for alzheimer's first survivor? what if there were millions of them? join us for the alzheimer's association walk to end alzheimer's. register today at alz.org/walk. ♪ >> most importantly, we have a lot of good things to talk about and things to talk about. we have discussions on everything from trade to military to missiles to nuclear to china. we will be talking a little bit about china. our mutual friend, president xi. abby: that was just a few moments ago the summit between trump and putin now underway. the president detailing what the two leaders will discuss including yes, china and trade. steve: stuart varney from varney and company on fox business joins us now. when the president of the united states returns to the united states to

back to there, but we should mention that while this is happening outside of london, that balloon stuart varney has been talking a lot about that the protesters had floated it, it is up around london but it doesn't seem to be generating too much, the protest here, this is the balloon of president trump wearing a diaper of course london mayor said it was for free speech and can't deny people floating this thing but either way i don't think the president is looking at that. he's got too much beauty and drama in front of him right in oxfordshire. he did have a late start by the way getting to the united kingdom due to an emergency meeting that nato leaders called after the president demands the countries increase the percentage of gdp on defense spending, so the goal which eight countries apparently will reach this year, five have already reached, it was set at 2 % back in 2014. well yesterday the president floated 4% to be hiked to 4% so can he claim victory today? we want to bring in former national security advisor to vice president dick cheney and foundation senior counselor john hannah. john,

of production, he was optimistic about a deal with mexico stuart i know you are going to have a lot more 10 minutes. >> you got it. >> "varneyh maria" join stuart 10 minutes' time there is this paul ryan from house speaker to standup comedian. >> paul ryan could be a alive action denies villain. they used to call me eddie munster not too much of a stretch more tweets back in a minute -- ♪ celebration, come on! >> it is a celebration ♪ ♪ celebration, come on ♪ ♪ celebrate. there's a lot to love about medicare. there's also a lot to know. part a that's your hospital coverage, part b is all the doctor stuff... the most important thing to know? medicare doesn't pay for everything. and guess what that means... yep...you're on the hook for the rest. that's why it's important to consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. a plan like this helps pay for some of what medicare doesn't. so you could end up paying less out of your own pocket. that's nice. and these are the only medicare supplement plans endorsed by aarp. selected for meeting their high standards of quality and serv

of today, it is. >> it is stuart i love it when you talk about stocks, make it sound -- so fascinateing with that accent. >> stop it, we will see you in 15 minutes, sir, "varneyes of honeywell up this morning, after beating earnings estimates nicole petallides on the floor of the new york stock exchange with more. >> hey. good morning dagen going to continue that trend good earnings, all right not the likes of microsoft but seeing honeywell to the upside today, we saw the profit and revenue beaten with numbers this is moving the stock up 2 1/2% analysts looking at close talk about global travel better economy demand for defense all kinds of parts pertaining to defense winner seeing up 2 1/2% the other thing also, was e-commerce moving supply getting it out so that helped as well then facebook, a lot of people use facebook to find what remove they want to see may go and use "fandango". >> now facebook is teaming up with amc customers can get movie do purchase explore it go to movie tab do that i will tell you that facebook also got a couple upgrades from both piper jaffrey and nicholas you can see here this is a big deal for amc, and facebook to do exactly thi

a clear winner today, currently the best performing stock in the dow hitting an all-time high, stuart varney is laughing i can hear it from here. the tech giant blasting past the $800 valuation after reporting revenue that topped analyst estimates for a fifth straight quarter earnings also coming in above estimates investors also though cheering strong growth in microsoft's cloud business, putting shares on track for the 26th record close of 2018. quite a story for microsoft. now, turning to the stock that's falling today. ge is currently one of the worst performers in the s&p 500 after the industrial giant reported a 30% drop in the second quarter profit from last year driven mostly by weakness in its power division. straight ahead, we've got charlie gasparino here will give us the very latest scoop on ge's turnaround efforts. the stock though down more than 4% today and state street hitting over a one-year low after the u.s. custodian bank announced a deal to perfect investment firm charles river development for $2.6 billion in cash, but the stock is tanking on the news after state street

it will make stuart varney very happy, closing at new record high today. it is 26th of the year.w top performing stock in the dow for the year. it is now topping 800 billion in market cap. wow. 800 billion member. melissa: taking a hard left turn. bernie sanders and alexandria ocasio-cortez taking their socialist message to the kansas state. will it divide the democratic party? steve forbes comes up and sounds off. david: new questions about president trump's former lawyer michael cohen after he apparently secretly recorded a conversation just ahead of the 2016 election. what will be the fallout from this? that is coming next. >> could you imagine if they burst into barack obama's lawyer's office? it would not be acceptable. ♪ brad's been looking forward to this all week, but how will his denture cope with... a steak. luckily for brad, this isn't a worry because he's discovered super poligrip. it holds his denture tight and helps give him 65% more chewing power. leaving brad to dig in and enjoy the tastiest of t-bones. super poligrip, helping you enjoy the foods you love. so, my

liz: with stuart varney take him on too. let's check your money all three major market indices closing in the green, the dow up more than a hundred points let's get to nicole petallides at the big board with the very latest. nicole: optimism about the economy and earnings continues this move to the upside. in fact the dow up for the fourth day in a row finishes up 143 points, and back to back triple digit gains we haven't seen that since june 4 in fact the s&p 500 levels from earlier in the year, so we are seeing that optimism, nobody is talking about trade or worries about supreme court nominee, in fact they're watching pepsico leading the way after better-than-expected numbers and we'll watch for the banks later in the week and google late in the day, alphabet stocks dipped after it was another multi- billion dollar eu anti-trust fine on the way, and nordstrom, well, weak sales outlook weighed on that one back to you. liz: thank you nicole. california's town of stockton now deciding it will give away taxpayers paid for bas

brian: stuart varney host of varney and company fox business network one the top stories today because well, let me translate what the fed chair just said the translation is the economy is strength in the face of trade trouble. let me translate that america is negotiating trade deals with a strong economy at our back. now, the federal reserve did say, look, the tariffs which have been impose have had raised some prices in some areas. but that's not interfered with the growth of the economy. if you look at their report, it shows that 11 out of 12 districts in america which cover the country 11 out of 12 so he moderate or strong growth. the fed is usually restrained in the words its used. when you say strong growth. that is strong growth indeed. only one area around st. louis, that shows slight growth. so, across the country, have you got growth despite some prices rising from tariffs and by the way, one week from tomorrow, we're going to report 4% growth of this economy. best rate in many, many years. doublindouble the rate in the first quarter. ainsley: have trade discussions because o

stuart varney is the host of varney and co on the fox business network.l down. >> president trump returns to a booming economy, and we said testimony that times. what he is doing today is to try to keep that boon going by revisiting the tax cut from earlier this year. what they are proposing is directly to individuals, our viewers, example. whawhat they want to do is make the child tax cut permanent it's supposed to disappear in 2025. they want to make it permanent. they want to make the standard deduction, very important, they want to make that permanent. they want to make changes to 401(k)s, iras, make it easy to put more money in and maybe a new rule which says you have to opt out of a 401(k) as opposed to opting in. sounds complicated. they want to make it easier for you to save more money for your retirement and, therefore, keep this boom going. brian: one of the big things in our country we have not attacked ever is retirement. what are we going to do if you have nothing saved in your life when you get to be that age of retirement. social security i

here is stuart varney and "varney & company." stuart: good morning, to you and half hour from now president trump speaks on economy on white house lawn. you will see it live right here. the backdrop of the speech is another trump win. it is a breakout. the economy thrown off sluggishness last 10 years. here is the number, 4.1% annual growth, best performance any quarter in the last couple years. politically it's a trump win because this stellar growth is largely the result of the trump growth agenda. that is what he ran on, make america great again. it is a financial number. means more jobs, more income, more business startups. the number came out half an hour ago. not much reaction from the stock market. here, sr. we open, flat to slightly higher for the dow jones industrials. i mean slightly higher. >>> another big story. amazon, another astonishing number. $2 billion numbers in. the race is on to get to trillion dollar valuation. it has got to get to 203. amazon has to get to 2050. it's friday, july 27th, summer doldrums are yo

. >> good to see you see you soon congressman rodger williams economy under president trump stuart varneynvestors issue powering nonprofits back in a minute. ♪ the summer, ♪ i feel -- ♪ - [voiceover] this is an urgent message from the international fellowship of christians and jews. there is an emergency food crisis for elderly holocaust survivors in the former soviet union. - this is a fight against time. what we're dealing with is coming out, meeting someone who's 85, 90 years old, can't get around, has no food, has no water, and just wants to give up and die. and that's where we come in. we are called to comfort these people, to be a blessing to their lives. - [voiceover] for just $45, we'll rush an emergency survival package to help one desperate elderly person for a month. call right now. - [eckstein] call the number on your screen. - in ukraine, there's no supper network. they don't have food cards or neighbors that come in to help. they're turning to us because they have nowhere else to turn. - [voiceover] your gift is a life line to help these elderly jewish holocaust survivors, h

ainsley: stuart varney says jamie dimon is absolutely right and he is up next to explain. ? make summer go right with ford, america's best-selling brand. now get 0% financing for 72 months plus $1,000 ford credit bonus cash on a great selection of suvs. during the ford summer sales event, get our best offer of the season: 0% financing for 72 months plus $1,000 ford credit bonus cash. 0% financing for 72 months you finished preparing overhim for college.rs, in 24 hours, you'll send him off thinking you've done everything for his well-being. but meningitis b progresses quickly and can be fatal, sometimes within 24 hours. while meningitis b is uncommon, about 1 in 10 infected will die. like millions of others, your teen may not be vaccinated against meningitis b. meningitis b strikes quickly. be quick to talk to your teen's doctor about a meningitis b vaccine. pete: president trump's booming economy earning high praise for from one of america's top bankers. >> the president get a lot of credit and blame for things they haven't done. the president has done things accelerated gr

joining me host of "varney & company" stuart varney. >> i am glad we decided to highlight this.ght night comedians they don't make me laugh they are not funny i had a nice weekend took time to see some late night guys, useless, i mean so negative, so hostile all so political, so divisive i welcome lesley jones' statement made it on of all places the view. saying look you can't go through life if you are offended by everything you got to laugh, i think you are her message especially young people watch the light night guys, you can't go through life like this, you can't start out being opposed to everything being sensitive to the slightest slight, you can't do that, i think her message is very important, and i hope picked up by other comedians who bring back comedy where you watch their act and laugh at it laugh with them laugh at them laugh at jokes you smile if we could get back to that i would be delighted, not that i will be watching late night television any time soon again, but -- would it make a nice change to our life wouldn't it. dagen: i will turn this back on itself, be

more bernie and company after this. -- varney and company. . . stuartwe're just beginning to move up nicely. 80 points higher now. this follows a couple of headlines we gleaned from the president's cabinet meeting. two points the president made probably would help the market. number one the president confirmed that the economy is indeed booming. he didn't use the expression 4% growth but that is a boom and that's where we're headed. he gave out some positive views on trade. there could be a separate trade deal with mexico, separate trade deal with canada. here come the europeans on july the 25th. that's positive. the markets responding. charles, sitting in for neil. charles it is yours. >> welcome to "cavuto: coast to coast." i'm charles payne in for neil cavuto. president trump meeting with his cabinet. trump on twitter earlier accusing critics wanting war with russia overseeing him get along with putin. to former cia moscow station chief, daniel hoffman on fallout from all of this. you were in helsinki for the summit. the postmortem continues. outrage

joining me host of "varney & company" stuart varney to weigh in on all that good morning. >> good morning force one about to to europe, just before he left the president said this is going to be a big beautiful week. those are his words. i am inclined to agree a big week in politics, diplomacy the rest of it as you said maria off he goes to europe, going to make demands based on paying more for their defense they probably wouldn't will get mad at him demand some kind of deal on trade. then he go he is to britain where he will be met with a supreme insult mayor of london khan o cade a blimp to fly over london poring president trump as baby in diapers tlip insult ironically they need us want something from us that they insult our president because trump you can't make this up one big beautiful week for our president that is a fact. >> so incredible. >> it is. >> see you 10 minutes top of the hour 9 a.m. earn after "mornings with maria" uber getting into the scooter game details next. of the my urge to smoke. i needed that to quit. when you try to quit smoking, with or without chantix, you m

chairman bob goodlatte the join plea to talk about that hearing of peter strzok his committee, stuart varneys a moment first the top, news right now president trump, says the u.s. is commitment to nato, remains strong, surprise conference this morning as leaving, president trump outlined the success of the summit ahead of trip to london to meet with theresa may, blake burman in monday right now, as he awaits the president's arrival good morning to you. reporter: maria, good morning to you once again whoever thought nato summit could get this interesting? huh? . >> in you brussels summit upended with emergency meeting, from the nato member nations president trump said that he wanted to see the xhimentsdz from those nations, double, and have their xhimentsz in time frame there, speed up. the communist after held an impromptu news conference sprawling news conference at that, tried to down play there were tensions among the group tried to down play as well that he might consider pulling the u.s. out of nato. here was the president a while ago from brussels. >> the united states, commitment to n

. >> stuart varney, take it away. stuart: surprised at sean spicer. he had at least five seconds to spare. >> i yield to you, stuart. stuart: good man. good morning, sean, dagen, good morning, everyone. the president started the week in all caps. never, ever, threaten the united states again. that was a direct response to iran, who's president, hassan rouhani threatened america with the mother of all wars. do that again, said our president, you will face severe consequences. quote, we are no longer a country that will stand for your demented words of violent and death. be cautious. so begins the president's twitter week. it will be a very big week for your money. pivotal week i will call it. the government tells us how the economy is doing. 4% growth is expected that will be huge. it will be the best growth rate in years. big tech will tell us how much money they're making, amazon, google, facebook, twitter. big numbers expected from them. the europeans come calling wednesday. watch for trade headlines that will have impact on your money. then we have

get off the phone and sit next to me. >> you know, that the great stuart varney, but my own show takes the same time. stuart: thanks for fitting us in. i think you're all right. mr. simone, thank you, sir. next, far left candidates take it over democrats. my take on not top of the hour. . . . . my twin brother jacob has an autism spectrum disorder i remember one moment after being at school all day and i remember him getting into the car just balling... and saying: "mom, i have no friends" "why don't i have any friends?" it broke my heart. ♪brother let me be your shelter♪ ♪never leave you all alone that was the moment when i realized that i needed to do something about this. i needed to make a difference in his life. go! and i knew that if i could help him find a friend, i could help teach other people that including people with differences is the right thing to do. ♪bring it home ♪brother let me be your shelter♪ that was the inspiration behind my non-profit "score a friend" educating people to include the people with differences is so important because when jacob's included he feels l

stuart varney says the lawsuit doesn't have a prayer.hered here are the world's finest insurance experts. rodney -- mastermind of discounts like safe driver, paperless. the list goes on. how about a discount for long lists? gold. mara, you save our customers hundreds for switching almost effortlessly. it's a gift. and jamie. -present. -together we are unstoppable. so, what are we gonna do? ♪ insurance. that's kind of what we do here. steve: here in the united states four deep blue states are taking president trump's tax cuts to court, the state of new jersey, new york, connecticut, claiming the law unfairly targets high taxed states there are four of them. ainsley: this as president trump meets with house republicans to hammer out tax reform 2.0. brian: stuart and varney host of varney and company fox business network here to weigh in. i know you are not a legal guy. four states whining that taxes are so high they can't get a break anymore. do they have a case. >> no. this lawsuit doesn't have a prayer. that's my personal opinion. govern

more "varney" after this. ... stuarte national agenda on twitter at impromptu press conferences, and rapidfire statements of the cabinet meeting, and at those giant rallies. he rules the new cycle and get his message out. over the heads of the hostile media. no other president in my lifetime has had such an impact. we will be seeing more of this today. there will be a signing ceremony for a measure aimed at creative elements at the white house and the media will not give this much coverage but the president will fix that with some payment that makes him pay attention. then he is off to florida visiting a technical high school talking jobs and careers and at 7:00 p.m. eastern a huge strong rally. he will be in tampa and the audience will be in the thousands. here he is priming the pump for republicans in the november elections rick scott running for the senate, congressman desantis running for - the economy and strong growth will be the focus. there's a lot of talk to mr. trump would shut down the government before the el

stuart: so are we. andy, i have to let you go. you have a vote or something going on. thanks for taking time out to be with "varneyompany" this morning. >> thanks, stuart. stuart: thank you, sir. i want to get back to van hipp, your area is cybersecurity and cyber warfare. i just, tell me, if you know the answer, what could we do to the russians if we wanted to play nasty? >> we could plant booby-traps in their, in their various defensive mechanisms, in their defense infrastructure but, i got to tell you, i'm more worried from a cyber warfare standpoint, i'm more worried about the chinese. don't forget they hacked into our systems, office of personnel management and stole the social security numbers of 23 million american citizens. but it's a real problem. and i've been saying this for some time. the quantum race is on. it's a race america must win. if we win the quantum race, we will have the upper hand in cyber war fair against all of these -- stuart: van, look if we find they're messing with our election in november, only four months away, if in those four months we find out they're messing around with us again

varney & co." is about to begin. . stuart: all right, we're coming back a little.the opening bell, now down 146. the market hit by tariffs on chinese products coming to america. that's the threat that's hurt the markets. caterpillar, boeing, apple, 3m, that's the kind of company which will be hit if those tariffs are eventually imposed. how about the big tech names? what's happening with them this morning? a mixed bag. we've got facebook and amazon up, apple down, alphabet up, microsoft down. no big movements for any of them. the price of oil at the moment around 74 -- 73, i'm sorry, $73.43. around 30 minutes the latest news how much oil we've got in storage in america. we should tell you that as of next year, america will become the world's top oil producer. that's going to affect the market and the price. back to my editorial, top of the hour. these are five red state democrat senators up for re-election in november. facing strong challenge because of judge kavanaugh. joining me is former deputy assistant to george w. bush, brad blakeman. flat-out, i see a red wa

from joni ernst and others been on the network, talking to stuart varney, they're getting worried, they'reng antsy, right? >> sure they're getting worried, a lot of trump's base of support happen to be in their states and districts that will be feeling, if they're not already, the pinch from the president's tariff policy. this is a major disagreement, policy disagreement that republicans had with the president. they had it for a long time on trade, on tariffs. they don't like the way the president is going here. we heard from speaker paul ryan earlier today saying tariffs are not a good idea. the republican party as he sees it, doesn't agree those are the right measures, policywise. so you're going to see a lot of reaction to this own capitol hill i think. rand paul is alluding to idea of paying back or subsidizing these farmers. he doesn't agree that is the right thing to do. i think you will see some other conservatives kind of echo that sentiment as well. neil: yeah. you can argue we provided tariff support to farmers who we argue are getting hurt by tariffs on the other side. it's a li

that will do it for us, have a great day, varney & company begins, stuart, take it away.look at the money, yes, it is doing well. dare we call this a summer rally? well, certainly extending last week's run-up. maybe investors are looking at rapid economy, it is, trade worries, not on the table today. the dow is going up another, what 100 points or so half hour from now and tech stocks, you don't believe it, they are hitting more record highs. yes, it is july, i'm calling this a pivotal month, tonight the president reveals supreme court pick, the nominee who is likely to be confirmed will shift the court towards the constitution for a generation. then president trump flies to divided and weakened europe,

varney & company is about to begin. stuart: now, we're going to start with the best good news story in a long long time. the boys in the cave and their coach are out. they are out. it took three days but finally the last boy in that cave with the coach, the 25-year-old coach were brought out but still waiting for a medic and three drivers before we can call it a total success but they're making their way out. it's a four to five hour journey from where this soccer team was trapped to the exit of the cave system. this is remarkable they were down there for 18 days this whole ordeal began when they went missing. they were trapped in the cave for nine days in the pitch dark, two british drivers found them just popped their head up as they started that search and saw the soccer team staring back at them. that was phase i. phase ii was getting these kids out. a majority of them couldn't swim , they certainly have never even done any diving, and to get out of there, there were section s that were so narrow they had to swim and dive

out bright and early tomorrow morning, indications are if larry kudlow was right talking to our stuart varneygood number. we'll be back in a good 90 seconds orpl so. with liberty mutual new car replacement we'll replace the full value of your car. ♪ liberty. liberty. liberty. liberty ♪ at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. neil: the president of the united states has arrived at iowa event where seeing first-hand lowering regulations, and allowing schools, the community college there, to take the savings and plow them back into this case, manufacturing arm at a community college, that helps give kids a one-up on foreign competition, much more than that oversimplifying it here. the president now to respond to that and to let those know at this roundtable he has their back. has farmers and their back. has those who are interested in expanding in this case, iowa's manufacturing and technology industries. the presid

"varney & company" begins now. thank you, stuart. stuart: good earn mornings maria.e. he does have the power to do a trade deal. jean-claude juncker is is president of the e.u. trade commission. he will have 15 minute closed-door session with the president, 15 minutes. "new york times" says he brought proposals with him. most interesting one, automakerrers worldwide would slash tariffs on foreign cars. president trump wants more than that. he no tariffs. i have an idea for them, eu

stuart: 11 eastern, "varney & company." you're watching it. get pack to the fireworks.witness's declination to answer it pursuant to fbi policy which is necessary not to allow us to subvert current investigation. he is right. >> the gentleman has not state ad valid point of order. >> i want a ruling. >> nonetheless, the united states supreme court recognized unquestionably of the duty of all citizens to cooperate with the congress in efforts to obtain the facts needed for intelligent, legislative action. it is their unremitting obligation to respect the dignity of the congress and its committees to testify fully with respect to matters within the province of proper investigation. >> mr. chairman, i will, mr. chairman, you know, we all know that if we were to ask a question of a witness about a military secret, if we were to ask them, how bus the h-bomb, he could not answer the question. >> that is classification issue, not an issue of whether or not this is a valid question for which -- >> i appeal the ruling of the chair. >> he ruled it is not a point of order. >> that

i'm charles payne in for stuart varney. may be a holiday week but we got you covered on everything.e is what we have in particular hour. president trump versus the world. as mexico elect as new president and he is far, farthest are. could have big implications on our trade negotiations and border negotiations. we're all over that. speaking of immigration germany's chancellor angela merkel future in question. her coalition alliances they rejected her migration deal. the interior minister said he would be willing to resign over it. nigel farage will give us his take on that later in the hour. >> >> videogames in the olympics it could actually happen. the international olympic committee is talking about it. we could see it as soon as 2024. we talk about the gaming phenomenon later in the hour. >>> we brought you history last week. two calfornians suing halo top eye cream, that they dramatically underfilled their pints. we'll talk to their lawyer. you're watching the second hour of "varney & company." ♪ charles: breaking news on the economy. ism manufacturing data. ashley. ashley: great

"varney & company" begins right now. stuart take it away. stuart: good morning everyone. to deliver. the trump putin summit, it's underway they're talking one-on-one right now. we don't know what they're talking about. it's just a two of them. no note taking. within the hour, they hold a joint press conference you will see it entertainment guaranteed. then within hours president boards air force one and heads back home where does he get the energy? arrives back home met with a booming economy. it's now growing at about about 4% a year. we'll get

to quote keep a low profile during president trump's visit to city, host of "varney & company" stuart varneyy i fault the brits, embassy doing right thing issuing warning of danger where coming from to americans in london coming from brits i find this traujs they need us badly need a trade deal democratic support what do they do trying to run us out of town? threaten us like this, with embassy warning then that mayor of london chan going to allow this insulting balloon to fly over london -- there you got it on picture there insulting balloon, it has president trump in a diaper floats around monday while our president in britain they need us as they insult us vigorously maria i think this is a case of the elites hating him there and elites here hating him here as well i find it ironic this president the president that they hate is the very person who can help them save themselves from themselves. appalling. >> derange meant syndrome amazing, you told us yesterday incredible, now seeing it. >> have how many times has america bailed out brits? or helped them when they needed help they turn arou

i'm charles payne in for stuart varney. here is what we have for you this hour.sident trump endorsing a a 37-year-old iraqi war helicopter senate primary. his name is john james. he will join us later this hour. i want to know if this endorsement will be enough to take down the gop rival next week and democrat debbie stabenow in november. >>> new report claims that oil could hit $120 a peril by end of the year. sounds pretty farfetched but could it happen? what would that do for gas prices? >>> the president is going on the offensive against the mainstream media after "the new york times" publisher calls his rhetoric divisive and dangerous. >>> a teenager says hacking pays off, how he made $100,000 from hacking government agencies and the including the defense department. you're watching the second hour of "varney & company". ♪ charles: so says the big board we're up 10 but the story right now is the story of last week when it comes to stocks. nasdaq is getting slaughtered again. megatech down big. netflix down four%, facebook down 2%, google down 2%. microsoft i

ainsley: host of varney and company stuart varney.more and more influence. you are going to hear more and more about ideas of replacing conventional welfare, if i can future like that with food stamps, just replace it with a cash gift to people. just replace welfare with a cash gift. that's what they want. i call it vote buying. that is essentially what they are doing. vote for me, and you get cash. that's a winning political proposition. possibly. you got people like mark zuckerberg. the founder of facebook, is he involved in this. he is pushing for this kind of cash give away program. it takes two forms. there is the guaranteed minimum income. that's what they would replace all welfare with, a guaranteed minimum and cash handout. ed: without working for anything. >> automatic. don't you dare work for it even more extreme universal basic income. that's where every single adult from 18 or whatever it is, 21 to 64 would get 500 to $1,000 per month. just everybody gets it. that is the universal basic income. ed: where do we sign up? >>

low helped in the rescue of those 12 thai boys and coach joining us host of "varney & company" stuart varneyect, actually, but i think the profound question is is the founder the visionary behind a brilliant new company is that person the right person to lead that company into maturity? now elon musk made a dreadful comment about one of the divers involved in the thai cave rescue revered to him as pedo most think pedophile musk apologized but the damage is done. here is man makes that kind of comment running a brilliant company and you have to ask if he is the right guy to run that company. it is into maturity uber, travis brilliant visionary whole idea of ride-sharing funding company gets it going then because he is running like a frat house out rightly so i wonder if some at tesla will make same comment time to bring in adult let elon musk be visionariry from small corner office without much management power i think that is the question of the day, who is fit to run a maturing company the founder or an adult? >> what a comment. >> may be harsher. maria: you are not you are not. dagen: he i

stuart: that's how my grandchildren say is deep. more "varney" after this. ♪ . . te story. >> dip recall and bottom lynch threat. stuart: that is your favorite story. botulism is your favorite story? wow. >> impacts the food chain. my food cain in particular. stuart: welcome to the show. barrel of laughs. susan li. liz, what is your favorite. >> irobot roomba selling out on amazon. stuart: you will buy one? >> no. i have a dog. i'm a little nervous. stuart: asking me what my favorite story? >> what is it. stuart: microsoft. >> boring. stuart: all-time record high. how about that ladies and gentlemen. if you think i'm going to retire i made a little money on microsoft, think again. i will die in this chair. careful, stu. neil cavuto, it is yours. neil: we can make that happen. so botulism. throughthrow it to cauto. man, oh, man. we're following what is happening on wall and broad. we have the tape out, right? everyone thought that would get all of washington tongues wagging. it has but hasn't got sellers out in mass. sort of like the trade thing. president upping th

stuart: we'll have you back. ken. more "varney" after this.our part b medicare costs, which means you may have to pay for the rest. that's where medicare supplement insurance comes in: ... endorsed by aarp and that's because they meet aarp's high standards of quality and service. you're also getting the great features that any medicare supplement plan provides. for example, with any medicare supplement plan you may choose any doctor or hospital that accepts medicare patients. you can even visit a specialist. with this type of plan, there are no networks or referrals needed. also, a medicare supplement plan goes with you when you travel anywhere in the u.s. a free decision guide will provide a breakdown of aarp medicare supplement plans, and help you determine the plan that works best for your needs and budget. call today to request yours. let's recap. there are 3 key things you should keep in mind. one: if you're turning 65, you may be eligible for medicare - but it only covers about 80% of your medicare part b costs. a medicare supplement pla

varney, take it away. stuart: good morning, dagen. how are you doing? good morning, everyone. america's big companies are swimming in money. we're in the middle of the profit reporting season. the results are spectacular, up a whopping 26% so far. a long time since corporate america had it so good. i will start with google, alphabet. the stock premarket shows it, up what, 50 bucks? $50.53 that is roughly. alphabet brought in two billion dollars a week in advertising revenue. beat that. >>> turn to defense company lockheed martin, they reported early this morning. spectacular. look at that stock take off, 2 1/2% higher. eight bucks up. >>> facebook they report late tomorrow. maybe investors are jumping the gun expecting another spectacular performance. facebook at another record high. that is premarket. $215 on facebook. all of this helps the overall market. we will open with a triple digit gain for the dow, way up there, 120 points maybe at the opening bell 19 minutes away. six months ago the dow set a record high just above 26,000. at these profit numbers we're looking at sum

that will do it for us, have a great day, varney & company begins, stuart, take it away. stuart: good morning, everyone. it's great to be back especially when you look at the money, yes, it is doing well. dare we call this a summer rally? well, certainly extending last week's run-up. maybe investors are looking at rapid economy, it is, trade worries, not on the table today. the dow is going up another, what 100 points or so half hour from now and tech stocks, you don't believe it, they are hitting more record highs. yes, it is july, i'm calling this a pivotal month, tonight the president reveals supreme court pick, the nominee who is likely to be confirmed will shift the court towards the constitution for a generation. then president trump flies to divided and weakened europe, britain's prime minister lost minister in charge of brexit negotiations and germany's leader struggling to stay in power. they are in no position to tick at a time to america. after that, the presidential summit with russia's president, putin. how about that? a summer rally, a president laying down

more "varney & co" after this. twenty . . . . stuartory. >> 200 tons of gold bullion found some expert going to be very rich. stuart: well-said. first to get to a trillion dollar valuation, a apple or amazon? >> apple. yes. shorter distance. stuart: $10 higher, apple is a trillion dollar company. it might bet there. almost out of time. neil cavuto, sir, it is yours. neil: thank you very much, stuart. we're looking for a race who gets to a trillion dollar figure. it is anyone's guess. we have a sell signal on corner of wall and broad. a lot has to do with friction over auto trade tariffs that could be coming. they could be big. look what we're talking about here, $176 billion worth of cars are imported $136 billion worth of trucks, $147 billion worth of auto components. you can add that up apparently i didn't do but it's a lot. so what happens if the eu retaliates and we retaliate after that? edward lawrence is all over this stuff, joins us out of washington with the latest on the tit-for-tat. where are we on this thing,