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tv   Varney Company  FOX Business  July 19, 2019 9:00am-12:00pm EDT

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>> i'm watching earnings. microsoft reaction today, probably going to be a rock star day for the stock. then the ten dow components next week, american express as we have been talking about. second quarter, not the best earnings quarter ever, but better than a lot of analysts expected. maria: thanks, everybody. have a great weekend. "varney & company" begins now. ashley webster in for stuart. ashley: i am ashley webster. stu is off today. he will be back on monday. here is the big story. microsoft, going to be the stock of the day. it will be up big after reporting strong profits. its cloud business as we have been following led the company to record sales in the last three months. maybe that's why stu's off. we'll have to see. the stock will help lead the dow higher, that's for sure, when the market opens in just under 30 minutes from now. dow futures as you can see, up triple digits, 108 points. the s&p and nasdaq also moving higher. modestly so. quarter to a third of a percent. president trump going after the fed once again. this tweet just coming in and
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here it is. because of the faulty [ inaudible ] we have going for us at the federal reserve, we pay much more than other countries. in other words, our interest costs are much higher than other countries' when they should be lower. correct. all right. that's where the president stands on the fed. 2020 democrat candidate liz warren going after wall street once again, this time she's also slamming private equity firms blaming them for the closures of toys "r" us, sears and other retailers. how's this for irony? campaign workers for bernie sanders say they're not getting paid enough money. they're demanding $15 an hour. of course, remember, bernie is one of the biggest proponents of raising the minimum wage. and by the way, we have astronaut scott kelly on the show this hour to talk about the new chevy corvette. he compares the car's engine to a rocket. oh, yeah. we've got a rocket-fueled jam-packed hour ahead including lara trump right here in the studio.
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"varney & company" begins right now. in fact, we now live in an america where wall street is sucking value out of the rest of the economy, and we've got to put a stop to that. anyone remember shopco? yeah. you know why shopco's closed? private equity. anyone remember sears? yeah. sears, private equity. toys "r" us? gymboree? it's not just retailers. they have done this to nursing homes. they have done this grocery stores. ashley: you name it. wall street, giant vampire. that was elizabeth warren taking direct aim at wall street, demonizing private equity and accusing wall street of looting the american economy. all right. joining us now, market watcher
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do doriwiley. do you loot the economy? >> if i do, i'm not doing a very good job. ashley: what do you make of those comments? >> that's selling. that's just trying to get my vot votes, people that may not understand what's going on. i don't think america buys that. that's an ill-informed argument. that's saying private equity does no good and ran those companies into the ground. sears was going into the ground on its own. investors lost money in it. ashley: they were slow to adapt to a new environment. e-commerce, amazons of the world came in and ate their lunch, right? >> absolutely. that was a competition issue. it had nothing to do with private equity. in fact, funds lost money in that deal. they didn't make money. ashley: but it makes for an easy campaign pledge, right? we need an enemy. she's making wall street the enemy. >> it's a campaign pitch but it's not the truth. ashley: how many people know that. that's the question. >> i think in the end, i think in the end they'll figure it
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out. ashley: stay there. we want to talk netflix, microsoft, all that good stuff. let's get back to bernie sanders. he's all about that fight for a $15 an hour minimum wage but his campaign workers, well, they're complaining saying they are only getting less than $13 an hour and working 60 hour weeks. joining us now, ned ryan, former presidential writer for bush 43. you've just got to love the irony, the hypocrisy, whatever you want to call it but it is hypocrisy, right? >> absolutely. this is a perfect example of the hypocrisy of socialism. they want someone else to pay for everything and it's really not about everyone sharing equally. all the bernie sanders campaign workers want is him to be true to his rhetoric. $15 minimum wage and actually paying for health care for those that are making $60,000 or less. fact of the matter, this is rhetoric meeting reality. when you look at all these crazy democratic ideas, i did the math, you put together all the estimates for the green new deal, medicare for all, universal basic income, it's
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about $180 trillion over ten years and the fact of the matter is, bernie does not want to pay $15 an hour. he does not want to pay for health care unless taxpayers and american businesses are actually picking up the bill. it's a beautiful show of hypocrisy and i hope the american people are paying attention. ashley: me, too, because it is the very definition of hypocrisy. stay right there, ned. we will get back to you in a minute. let's get the shares of dow component microsoft, it will open of course higher after posting record revenue, boosted by its cloud business. back now, our market watcher. okay, microsoft. i remember when stu and i were talking do you think it could hit 100. that didn't seem like but three weeks ago. is it too expensive at this level? would you buy in? >> that's the problem. we all have a reference point. i thought about it today at 25 bucks. i wonder whether i made some sales later on. you know what, i was looking, it's pretty fully priced. it's a fair price. i don't think it's too
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expensive. when you compare it to other things in the market, particularly fang, i think it looks like a really good buy. put me in the camp, we need to put microsoft in fang. they're the ones that are trillion dollar market cap. i have been working all day trying to figure that out. ashley: they are certainly doing something right. they seem to be just moving, again, double digit revenue growth consistently. i don't see what's going to slow them down at this point. >> no, they've got nine quarters of it. you got to give credit to their management. they refocused, they got on their cloud business, got on their software, put them together, made deep inroads with their clients, you know, at & t and others. it's not just their clients growing, but their clients existing. those are big companies. that's a real formidable mode if you will, for them to grow and compete against apple or amazon. amazon web services is number one in that business. ashley: on the other side of the coin, netflix.
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got slammed yesterday after those weak domestic sub numbers. you're not a fan, are you? >> i haven't been a fan for six to nine months. several reasons. they have increased debt, their subscriber growth was slowing. now in this report, their u.s. subscriber growth is down. that's the most profitable segment. they can hide it a little bit with the foreign subscribers but those are only one-third as profitable as the u.s. subscribers. you have that debt and you add the fact they've got all this original content going on and let's face it, you're betting on whether you think content is good or not. you're competing against disney, against amazon. i just think there's better ways to invest. that stock has been overpriced for awhile. ashley: you are not a fan. i get it. dory, thank you. let's get back to former presidential writer for bush 43, ned ryun. in your latest op-ed you say silicon valley is a clear and present danger to our rights.
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what do you mean by that? >> well, i think first of all, these tech companies are monopolies. i think we need to have a conversation, we already are, will breaking them up and having antitrust used against them. the fact of the matter is when you see companies like google being able to control upwards of 90% of the search engine results, i think we have to have a conversation about who's really controlling freedom of speech and the free flow of information online. the fact of the matter is nobody owns the internet. i made this argument in this piece at american greatness the internet is not owned by anybody so why do these internet squatters like facebook and google, why have they decided that they get to control what free speech looks like and what flow of information looks like. the thing that's dangerous, we saw testimony in front of the u.s. senate the other day that they might have been able to manipulate millions of votes in 2016 and if they actually take the gloves off in 2020, it could be upwards of 12 million votes. i think we have to have that conversation. break up the monopolies, redefine them for who they actually are. these are publishers, telecommunications companies, and if we don't, i think our self-governing republic is over
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and we are looking at a tech oligarchy. ashley: how long does that take? if you think that's got to be the future, how long away is that? >> not very far. if you look at where they're headed and really betting hundreds of billions of dollars on their vision for the future, we're talking in the next few years, not that long. we have to have a conversation. what do we want our future to look like in regards to artificial intelligence, free flow of information, these things have to be dealt with quickly and i have to applaud senator josh hawley and senator mark warner for what they are trying to do in addressing these issues right now. ashley: we will leave it there. thanks for joining us on this friday. appreciate it. let's take a look at the futures. they're moving higher. fed optimism, i guess. the dow up 102 points in the premarket, s&p and nasdaq also up about a quarter to a third of a percent. now this. is your boss spying on you? a new report says employers are finding new ways to figure out what you're really up to while on the job. we've got that sinister story.
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president trump tweeting this morning about that send her back chant. here it is. quote, it is amazing how the fake news media became crazed over the chant send her back by a packed arena, a record crowd, in the great state of north carolina but it's totally calm and accepting of the most vile and disgusting statements made by the three radical left congresswomen. we'll get into that. up next, trump 2020 senior adviser lara trump. as much as the president would like this story to go away, it is not. how is the campaign going to deal with it? we will ask her that, next.
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ashley: we're back. check apple. up a quarter of a percent, $206 for apple. this after the price target was raised to $180 from $175. the stock, as you see, going to open at about $205 unchanged. let's check amex. american express revenue up, profit up, they have raised
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their dividend four cents to 43 cents. all sounds good, right? stock moving lower, down 1.25% on premarket, at $126. now this. president trump says a navy war ship destroyed an iranian drone over the strait of hormuz after it threatened the ship, but now iran of course denying it. not much impact on the price of oil. as we have seen that kind of trend recently. oil actually just up 39 cents. what's going on? susan: iran says all this unmanned aircraft have returned to their bases. let's get to this tweet we got from iran's deputy foreign minister. he says we have not lost any drone in the straits of hormuz or anywhere else. i am worried that the "uss boxer" has shot down their own drone by mistake. well, we had this drone according to u.s. defense officials flying way too close to the u.s. naval air ship as you saw there, so instead, they used electronic signals to jam the drone so it couldn't connect
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with the base, right? so according to the u.s. defense department and the white house, this drone has been downed, according to iran it has not. however, we do know that iran has been harassing a lot of vessels that pass through the strait of hormuz which controls about a third of the seaborne oil that passes through it. ashley: president trump, by the way, disavowing the "send her back" chant while speaking to reporters in the oval office. roll the tape. >> i disagree with it, by the way, but it was quite a chant and i felt a little bit badly about it, but i will say this, i did, and i started speaking very quickly. ashley: all right. we are joined by lara trump, trump 2020 senior adviser, out of character for the president. welcome, by the way. lovely to have you here. it's a little out of character for the president to walk back and walk something back a little bit. what's your take on that? >> but he wasn't the one that was chanting it.
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he started talking about the squad and some of his issues with them and things that he thought was very anti-american and just disappointing that he had seen from them, then the crowd, i was there, by the way, so i witnessed the whole thing in realtime. the crowd themselves started chanting this. it wasn't the whole crowd. it was a couple of people right there in the front but he didn't say it. he's saying, you know, i started talking afterwards, i didn't love it so i mean, what can you do? no matter what he would have done, it would have been a problem for the mainstream media and everybody would have attacked him. ashley: is it racist to say if you don't like this country, if you hate this country, if you don't love this country, go back? >> i think if anybody doesn't love this country, it is not a racist thing to tell them to leave, whoever you are. you know what, it's sad to see that we do have people out there burning flags in our country annealling for the national anthem and whatever way that you are showcasing your disdain for america, why are you here? i think that's really the whole
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point of everything when you get down to what the president meant by, i mean this has turned into such a big deal now, but that's at the base of it what he's saying, these people say they don't love our country, they call it garbage, they are constantly attacking people that are trying to keep us safe, why are you here, you know? ashley: next one for you. the democrat debates continue at the end of the month, july 30th, i believe. last time, kamala harris took a direct shot at joe biden. some say it hurt him. what do you think's going to happen this time around? it seems like we've got four front-runners, biden, harris, bernie sanders and elizabeth warren. >> can we say is joe biden still a front-runner? i feel like he's slipped a lot. i remember before he even announced so many people asking me from the campaign perspective, are you still concerned about joe biden. i have always said joe biden is not a big concern of ours. i think you saw in that last debate and a couple of things that have happened since then, his comments on china and the tariffs with china, i think were
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not good to him. but certainly, he's preparing for this debate when it comes to harris, because she really took him down in a way. in the first debate. it will be interesting to see bernie and elizabeth warren. ashley: i want to get back to the squad issue. it seems as you said, this issue is not going away. they dominated the headlines now for almost a week. is that a good thing for -- from your perspective, with the trump campaign? do you want the focus to be on four radical progressive left members of congress as opposed to the democrat party as a whole? >> well, i think now what you've seen is that they are united behind these four women, so if you want to hear what the democrat party stands for and nancy pelosi backs them up, everybody has rallied around them, i think from our perspective, that's a great thing. these are the women, these are the face of the democrats and if you agree with open borders and abolishing i.c.e. and calling our border patrol agents nazis and all of the other kind of
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crazy things that we've heard out of these women, that if you're a black or brown face, you have to vote with us, you have to go along, that is crazy. this is the united states of america. we are free and we can make our decisions based on intelligent choice. so i think it's good for us. we're okay with that. ashley: that's a good place to leave it right there. lara trump, thank you so much for coming in. appreciate it. let's take a look at those futures, moving higher ahead of the opening bell about ten minutes from now. losing a little bit of the steam. the dow still up about 800 points. s&p and nasdaq also moving higher. by the way, social media in a frenzy over the release of the trailer for the new "top gun" movie. we've got your clip coming up next. jardiance asks:
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♪ ashley: there you go. who does not love that? you feel the need -- susan: for speed? ashley: good news for "top gun" fans. the trailer for the much-anticipated sequel has been released. susan li can barely contain herself. susan: it's been 33 years since "top gun" and tom cruise
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surprising comic-con in san diego and his iconic character peter "maverick" mitchell is back. >> you should be at least a two-star admiral by now. yet here you are, captain. why is that? >> it's one of life's mysteries, sir. susan: eric harris is back, too. looks pretty good, too. maverick will serve as the new flight instructor at the new top gun school, famously wearing his ray-bans as well. iceman is back as well. val kilmer will make an appearance. we know goose, of course, i'm sorry if i'm spoiling this for everybody, but goose, his son, miles teller, will be played by miles teller. but this was the best recruiting movie of all time probably for the air force. ashley: lauren simonetti, do you remember "top gun"?
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lauren: it's not one of my movies but i have seen it. two things. this is very lauren. tom cruise looks amazing. number two, is it odd to you guys, this movie doesn't come out for another year, june of 2020. i mean, isn't this a little bit early of a release? it's all sequels in the movie theaters lately. ashley: susan li just has a big smile on her face. the market will be opening, take a quick look. the futures point upwards as we open. we'll be right back. [ dogs barking ]
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giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands? ashley: new report in the "wall street journal" says that there are new ways for your boss to spy on you at the office. lauren has the sinister details. lauren: it's not just reading your e-mail. that's so yesterday. now they're using artificial intelligence to analyze your voice, if it's in a conference room or on the phone, to kind of analyze your tone to see your etiquette, if you're a good leader, et cetera. they are also looking at what you do on your computer screen. are you watching soccer too much? are you shopping too much? it's all legal and the whole point is to make sure that you are more productive. it doesn't sit well with a lot
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of people. susan: i think it's surveillance as well. interesting how they talked about the dynamics within the company. you are more likely to stay in the company if you have connections with those at your level and below. lauren: it's also very subjective. ashley: i look at stuff for a living. quick check of the big board. we are off and running on this friday on wall street. more green than red, for sure. we're up just 27 points but of course, many of these stocks haven't traded yet. getting a little better. up 94 points. we thought we would be up about 100 and that's where we are, literally 20 seconds into the session, up 107 points. just a handful of stocks moving lower. let's get to the s&p, as we just get the day under way. the s&p also up about a third a percent, right at 3,005 on the s&p. take a look at the tech-heavy nasdaq, up 36 points, 8,243. take a look at the ten-year
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yield. it's been, let's see, 2.05%, down a little bit than it was earlier in the week. take a look at gold. we've got a guest later on that says gold is the way to go. we'll see. susan: a high. ray dalio says diversify. ashley: take a look at oil. despite everything that's going on in the straits of hormuz, iran, 33 cents up to $55.63 on oil. we say this a lot, in the old days this would have been through the roof with tensions in the middle east. joining us today, jonathan hoenig, david dietze and susan li. thank you for being here. shares of dow component microsoft, did i just hear, all-time high. after posting record revenue boosted by its cloud business. david dietze, i asked someone else this earlier this morning, just under $140, is that a little too expensive for microsoft or is this a buy? >> you never like to buy the largest company on the planet at
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all-time highs but the more i dive into their earnings which were just released, they are hitting the cover off the ball. i tip my hat to them. they are in all the sweet spots of technology. their cloud business is growing like gangbusters, breathing down the necks of amazon. of course, subscription service, they are moving it from that perpetual license model to subscription service. and of course, office 365. virtual monopoly. i can't rid myself of the habit. but no one is pointing their fingers at me. so again, it looks good going forward. susan: record revenue, record profit, double digit gross as well. $125 billion in profit over the fiscal year. you cannot argue with these numbers. look at the cloud. cloud computing was up 39%. they're doing something right. compare that to someone who's not like ibm, only seeing 5% growth in the cloud for goodness sakes in 2019. microsoft by the way makes three times the profit of amazon. some would say undervalued. ashley: what's not to like? would you buy microsoft,
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jonathan? >> ironically, ashley, stocks at all-time highs are buys. oftentimes we think of a stock as being at the high. it is just a high, not the high. in fact, it's at an all-time high as against other big tech names is bullish for the stock. they have been able to reinvent themselves as david said. we're not talking about software being sold in a box on a store shelf anymore. that's why they are succeeding. what worries me, however, isn't even so much the valuation, but the popularity. look, microsoft's at an all-time high now but it was 16 years this stock traded below water from 1999 to 2016. so enjoy the show. i think you know where the exits are. when the market gets hit, it's market leaders like microsoft that will take it down. ashley: jonathan hoenig, burnt orange jacket this morning. very impressive. let's take a look at netflix shares. maybe on the other side of the coin here. not much of a bounce back, down another couple of bucks. jonathan, do you buy on the dip or are you just bailing out?
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>> no, i think this is exactly the opposite. this is really a broken stock and i think this is the type of thing that basically could be like what microsoft was. dead for months and months and months, maybe even years, and there's two elements here. costs are going up, we know that, and competition's intensifying all around. where once netflix had that true monopoly, now whether it's comcast, at & t, disney, this is a name to avoid despite the major dip this week. ashley: avoid it, david? >> i would agree with that. they had the first mover advantage but the term first mover implies there's going to be second and third movers and they are coming. disney of course has pulled its content back, has made key acquisitions from fox news corp, they are out there and of course, warner media is in the fray as well. consumers have more choices. great for consumers. they're not tolerated that big price hike by netflix. susan: when you have so much debt, your cash flow negative and you have all this impending big players coming into the space, you better prove that you're still growing and growing fast, or you're not worth the
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valuations of 800 times. ashley: competition on the road ahead is going to be tough for netflix, no doubt. new survey says many people would be willing to spend more than $6.99 per month for disney's streaming service. are they pricing this too low? is this just the bait to get you in? >> i think it's the bait to get you in. of course, we know disney sets the gold standard in terms of content. it's all about what's on the streaming, not streaming per se. i think people know that disney churns out a great product and they will pay more and surveys are reflecting that. susan: $6.99. the basic package for netflix is $8.99 or so right now. but $6.99 trying to undercut but there might be ads involved as well. >> we should be celebrating, too low? for years, people have been complaining about how expensive cable was. now we see companies falling over themselves to cut costs for consumers. i would like to see this type of competition in every element of the economy. oh, i don't know, health care and education would be a good --
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this benefits the consumer once again. ashley: quick check of the big board for you. up over 100. losing a little bit of steam. up 76 on the dow, 27,299 on the dow. revenue and profit rising at dow component american express. the stock down, though. also the head of dividend raise of about four cents but the stock moving lower. blackrock profit and revenue falling short in their report. just counterintuitively, that's up five bucks. oh, yes, don't ever forget about bitcoin. where is that going? down another $144. over $10,000, $10,389 on bitcoin. we will talk more about bitcoin later on. dow component boeing taking a near $5 billion charge on that 737 max grounding. you know what, the costs of this are just beginning to pile up on boeing and the ongoing saga with the max plane.
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look, we know they are a behemoth. it's them and airbus around the world. what is this doing to boeing? >> i think it actually helps the case for the investors because we knew the costs were going to pile up. but now we have parameters around it. also, they are talking about spreading those costs over many years, going forward. in some cases, not just writing a check to their customers, but giving them discounts on future orders for 737 max, which gives investors the comfort this airplane once modified properly has big life for decades, really. ashley: jonathan, $5 billion for boeing. is it that big a deal? >> it's terrible news and the whole element is a tragedy but to david's point, the news is out and the more the news comes out, i think you will see more reactions like today, where essentially bad news but the stock moves up on the reaction. you know, it's a tragic story but the fact that boeing addresses it puts it on ground for further gain. ashley: once you have that actual number, it gives some sort of comfort to investors. let's take a look at starbucks. shares in record territory.
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jonathan, the competition we know in this line of work is fierce. how much more can starbucks grow? >> a new blue chip has been created literally in front of our eyes. this has become a must-own. i think it has a few elements going for it here, one of which is the weak u.s. dollar. we haven't talked a lot about it, we mentioned gold is near six-year highs. we are seeing a lot of multinationals benefit from the weaker u.s. dollar. the other quickly is the reinvention of retail. people think retail is spent. starbucks reinvented retail, they created an office essentially where people go and spend and work for hours a day. that reinvention continues. that's why starbucks in my opinion is a must-own. susan: also, it's a technology story as well. how many orders are coming from the mobile side? how are they improving that with their royalty rejig as well? that's something very important to watch and china, of course, where they're looking to build one starbucks every 15 hours. you know, they are being
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overtaken by local players as we talked about, one ipo'ed this year is luckin coffee. >> their execution has been fabulous but also, they are in a sweet spot because many investors are concerned about a weakening economy. but guess what? i'm still going to get my starbucks every morning no matter how weak that economy gets. of course, coffee prices have been trending back and so forth. finally, of course, this is a market that's a little starved for growth. we are probably just going to be year over year flat, maybe a little better than that. they are talking about double digit percentages so why not? ashley: it's a must-have since jonathan hoenig. toys "r" us trying hard to make a comeback. susan? susan: well, they are making a comeback for 2019 finally but instead of just being a retailer where you go down the aisles to buy the toys, they will make it an experience, which is a shift in retail. yes, jeffrey the giraffe will be coming back, not in those huge toys "r" us that we saw before with 40,000 square feet. these will just be 6,000, maybe
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10,000. but it's all about the experience for the kids and don't forget that this left a big hole in the toy sales for the last year, 2018. before toys "r" us went under, under heavy debt, not because they weren't selling toys, they basically accounted for a fifth, one-fifth of the toys market. that is huge. in fact, even in liquidation, they still made $3 billion last year just by the brand alone. ashley: don't count them out. susan: there are toys "r" us kids all around the world. ashley: we are out of time, unfortunately. we could talk about jeffrey for a long time. we know that. jonathan hoenig, david dietze, thank you both for being here. have a great weekend. thank you. check the big board. we were losing a bit of steam. we are trying to come back, up 93 points on the dow. about a third of a percent gain on the dow. now, you know this. we have been covering the fake meat trend a lot on this show. coming up in the 11:00 a.m., we are going to talk to an early investor in beyond meat. he says the sky is just the
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limit for this company and he expects new highs for the stock. we will get into that. berkeley, california, the birthplace of free speech, well, used to be, now removing all gendered language from the city code. that means no words like manhole, manpower or even he and she. i kid you not. we will tackle that one. and chevy releasing a new version of the corvette. some car enthusiasts not happy about the placement of the engine. but astronaut scott kelly, he thinks it's great. we will ask him about it next. patients that i see that complain about dry mouth.
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they feel that they have to drink a lot of water. medications seem to be the number one cause for dry mouth. i like to recommend biotene. it replenishes the moisture in your mouth. biotene definitely works. [heartbeat] can't see what it is yet.re? what is that? that's a blazer? that's a chevy blazer? aww, this is dope. this thing is beautiful. i love the lights. oh man, it's got a mean face on it. it looks like a piece of candy. look at the interior. this is nice. this is my sexy mom car. i would feel like a cool dad. it's just really chic. i love this thing. it's gorgeous. i would pull up in this in a heartbeat. i want one of these. that is sharp. the all-new chevy blazer. speaks for itself. i don't know who they got to design this but give them a cookie and a star.
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you're smart,eat you already knew that. but it's also great for finding the perfect used car. you'll see what a fair price is and you can connect with a truecar certified dealer. now you're even smarter. this is truecar. ashley: let's check the big board as we finish out the trading week. the dow up close to 100 points, up 94, 27,316. a little high speed gee whiz for you now.
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chevy launching the latest edition of the corvette, causing a lot of, well, raised eyebrows in more ways than one. the engine isn't where you think it might be. joining us now is corvette spokesman and astronaut, scott kelly. an absolute privilege to have you with us today. let me ask you this. let's talk about the corvette. why did they move the engine from the front to the middle of the car? >> well, i think it's because of the handling characteristics you can get out of a vehicle when the engine is behind the driver and then the driver's basically sitting at the center of gravity of the whole vehicle. so it makes for a much more, you know, rewarding driving experience like you're driving a race car versus, you know, a standard street vehicle. ashley: you know, there has been some negative reaction, some saying i don't want to buy a copycat gm sports car, some european car, but let's face it, corvette fans are notoriously
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reactionary to anything, any changes to the corvette. why is that? >> well, you know, it's the car that's got the longest continuous history of production in the united states and it's got a great support base and fan base. people love the car. and i'll tell you what, i saw it last night, i was at the unveiling. they are going to love this car. even though it's got the engine in the back, some people might not like that, i think they will be really surprised with the quality and how incredible a vehicle it is, and also how affordable it is compared to some of those other european cars that you mentioned. ashley: let's move from the highway to space. i have to ask you about the 50th anniversary of the moon landing. this has to be a very special moment, especially for you as an astronaut. >> oh, absolutely. i mean, that was one of the, you know, the pinnacle moments of
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our history, arguably one of the hardest things we've ever done to go to the moon in the 1960s, to do it in nine years was an incredible feat and it's great to be able to be here 50 years later and experience, you know, this anniversary. ashley: my question for you then is what's next? what will the next 50 years of space travel look like? do we try and get a settlement on the moon? do we try and get humans to mars? >> well, you know, if it was up to me and if we had unlimited resources, i would say let's go back to the moon, let's learn more about the moon, let's learn how to go to mars and then go to mars. but you know, budgets can be tight. i think if i had to choose one over the other, i would be go to mars guy, but you know, what we do is going to be dependent less on rocket science than political science, having people in our government that support the space program. ashley: very lastly, i have to
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ask you this, we have this big alleged storming of area 51 that's gained a lot of ground on social media. what are they going to find there? you have been a fighter pilot, you have been an astronaut. you must have seen behind the curtain. what's there, scott? >> i think they're going to find a lot of u.s. air force service members that are going to arrest them for, you know, violating the law. ashley: no aliens? >> there are no aliens there. i think they are going to be in big trouble. ashley: yeah, probably not a good idea. listen, scott kelly, thank you so much. the person who spent more time in space continuously than any other american astronaut, just around one year. it's been an absolute privilege, scott. thank you so much. >> thanks for having me. ashley: all right. let's move on. president trump, by the way, just tweeting about the fed. he says quote, i like new york fed president john williams' first statement much better than
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his second. his first statement is 100% correct in that the fed raised far too fast and too early. also must stop with the crazy quantitative tightening. we are in a world competition and winning big but it is no thanks to the federal reserve. had they not acted so fast and so much, we would be doing even better than we are doing right now. this is our chance to build unparalleled wealth and success for the u.s., growth which would greatly reduce the percentage of debt. don't blow it. susan: he says there is no inflation and he's right. ashley: he's right. susan: i agree. ashley: it's been stagnant. quick check of the dow 30 stocks for you as we head towards the break. it's kind of half and half now. the dow is still up 72 points, about 15 up, 15 down at this hour. now this. golf phil mickelson raising eyebrows after revealing he lost 15 pounds in just six days by fasting. susan: wow. ashley: is that healthy?
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ashley: here's a number for you. according to just released federal numbers, america's largest drug companies distributed 76 billion opioid pain pills from 2006 through 2012, just in six years.
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joining us now is dr. mark seek wi siegel. there are numbers and there are numbers. that's shocking. >> 76 billion. that's enough for every person in the united states to have 36 opioids in a year. now, some areas like the blue highway which stretches from florida to georgia to kentucky to west virginia on into ohio, that would be closer to 100 pills per year, because that was a lot of oxycodone that traveled that route and of course, florida, which is full of pill mills where you're driving down the interstate and you see billboards saying pain clinic next stop, even more pills. now, these are oxycodone and hydrocodone which are mostly generic. in other words, it's not all oxycontin and percocet and vicodin. it's also generic. there are distributors involved in this. shockingly, mckesson, walgreens, cvs, amerisource bergen, cardinal health, those five
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especially, were involved with distributing all this to pharmacies. ashley: they are culpable? >> well, i have been on the program blaming doctors. i say this. i say it's not just physicians. physicians shouldn't have been signing these things. physicians were told everyone's in chronic pain. but meanwhile, look at the availability, look at the amount of drugs. of course doctors were pushed into prescribing and patients were pushed into, you know, we have this pain, we have this pain. 76 billion. ashley: i can't get my head around that. i have a diet question for you next. let me get to this, doc. pro golfer phil mickelson lost 15 pounds in less than a week by simply fasting. is this healthy? >> lefty. 49 years old. lefty hasn't won a major since 2013. he's 49 years old. maybe he's getting a little desperate. but as he turns 50, i would suggest phil goes for a colonoscopy and stops with this nonsense. you know, screening colonoscopy because this is a little scary.
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ashley: it is. >> i'm just saying, over 50, everyone should have a colonoscopy. this is scary because it's only six days. you can get by with fasting, water only, coffee, but if he's then going to go out and golf in the heat, let's say -- ashley: ireland, don't worry about that. >> but it's very strenuous, i don't think it's the healthiest thing in the world. in i don't think anything is going to happen to him. i don't think it's wise. ashley: what's your recommendation? obviously that's dramatic but eat less, exercise more? is that the basic advice? >> he doesn't need to exercise more. he clearly does a lot of exercising. eat less carbs, more of a mediterranean diet, more vegetables, more fruit, more nuts, more berries, more fish, lets carbs, less processed food, less meat. cookies and cakes -- ashley: exercise doesn't have to be going crazy at the gym. walking for half an hour. >> it's a stress to the system. it causes stress hormones to come out.
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it causes a starvation mode to roll in. it is not what i think medically should happen. phil, next time, no. ashley: take note, lefty. thank you so much. appreciate that. take a look at the big board for you. we have lost a little bit of steam, down -- we're up 57 on the big board but we're up over 100 points earlier on. the dow at 27,280. all right. coming up in the next hour, our interview with boxing champion manny pacquiao. we asked him how has he become so successful? his answer may surprise you. 40 years old and in a big fight tomorrow night. and the controversy over the don't tread on me flag continues. the left calls the historic flag racist. we ask "fox & friends" host and veteran pete hegseth about that in the 11:00 hour. stick with us. idelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech.
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ashley: welcome back, every web, i'm ashley ashley webster in for
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stuart. the dow is up a quarter of a percent. same on s&p and nasdaq too, as you can see up a third of a percent at 82.37. look at the stock of the day, microsoft hitting an all-time high at the open up nearly three bucks. 139.34 after a terrific second-quarter earnings report. big show coming up for you including boxer manny pacquiao. he is fighting keith thurman. thurman says he will knock pacquiao up. you will get his response. authors after new book called, "justice on trial." what went on during justice brett kavanaugh's supreme court nomination battle. fascinating stuff. but first, all right, a first very dramatic. we got the latest read on consumer sentiment about 30 secondses ago from the university of michigan. susan. susan: pretty high levels at month of july, 111.1.
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estimates were calling for 112. we're pretty much in line what we saw in june. so we're stablizing. don't forget consumer sentiment started off this year at 17 year highs. we're pretty close to those levels. nothing to worry about at this point. consumers power 2/3 of the consumer economy. ashley: steady as you go. john darby, portfolio advisors cio. pretty good number. we're not seeing any significant drop-off from a strong consumer sentiment as continued as we should say. what does that mean for the economy overall? people are confident, they buy as susan said, consumer so important to the u.s. economy? good news? >> i think so. i'm looking forward to the conference board consumer sentiment that will come out at the end of july. you remember in june it had the largest one-month decline since 2011. that is an indicator folks in my
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industry tend to look at, focus on. the consumer is a big driver of the u.s. economy as you said. ashley: generally they're happy, the psyche is pretty good? >> there is a lot of uncertainty with tariffs and what the fed is going to do. i think until that certainty gets played out, i think people will still kind of be a little bit skeptical. ashley: all right. we'll see. thank you, john. let's get to this issue. massachusetts senator elizabeth warren, no big surprise, going after wall street again. listen to this. >> in fact we now live in an america where wall street is sucking value out of the rest of the economy. and we got to put a stop to that and i have a plan for that. [cheering] so today, i did another part of the plan. this one is on private equity. ashley: there you go.
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let's bring in matt ma cove yak. potomac group. elizabeth warren is saying wall street is a giant vampire, leaves everything in its wake dried up and shriveled? what is your response to elizabeth warren? what would you say to her to counteract her comments? >> you need private equity, because it injects capitol into businesses, allowing it to expand and become more efficient. they invest $400 billion every single year in tens of thousands of businesses. certainly there are examples of private equity firms have done damage to companies here and there, loaded them up with debt but in the vast majority of cases they provide value, help the economy expand, and grow jobs. she is using wall street as an example, you know in the class warfare that she used as her message really much of her, much of the last decade. she was obama's first head of
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the cfp about, consumer financial protection bureau which trump really hollowed out. she uses issues to try to earn some of bernie sanders's support as he his poll numbers go down, hers go up. ashley: let me bring in john. is wall street the evil empire elizabeth warren makes it out to be. >> i worked on wall street 20 years, a little bit biased. what we're having in this country, we have massive wealth gap, the top 10%, versus bottom 90%. that gap widened over the last 10 years. that is because we kept interest rates way too low. it fueled credit. it fueled leverage. it created a boom in the stock market over the last 10 years, up 400%, right? fueled private equity. fueled the housing market. the average american doesn't really benefit from the stock market or the private equity market. so i think, you know, she is trying to narrow that gap which i'm in favor of but --
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ashley: you could argue private equity money is used to help businesses essentially thrive, creating jobs, helping everyone in the commune, not just the rich fat cats at the top we all should benefit in some form or fashion? >> sure. i would agree with that. i think that is, there is so much depending on monetary policy throughout this cycle. we need other ways to boost the economy. the economy has been sluggish over the last 10 years despite the boom in private equity, despite the boom in stock market. ashley: record unemployment, 50-year low. hiring more jobs open than feel to fill them, that is a positive sign? >> i would agree with that. ashley: john, stay there if you can. i would have another question for matt. president trump disavowing send her back chants in north carolina. the send her back chant referred to "the squad." this story goes on and on and on. matt, what is your take on this? >> yeah i think it is silly we
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wasted three or four days with the national conversation with trump's tweet and accusations of him being racist. the house took two days of floor time, condemning a resolution, voted on impeachment. i didn't know you could impeach someone over a tweet. doesn't meet threshold of high crimes and misdemeanors. that pleased i pleased president disavowed the sender back. i wish he had done it real time. one thing to target four members target their rhetoric anti-semitism, et cetera, it is another thing to send them back to a country they never lived in. three of four is born in america. there is naturalized citizen there are questions about congresswoman omar guilty of immigration fraud. i hope that gets investigated. "minneapolis star-tribune" done several reports. i'm pleased the president chose
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to disavow the comments. we need to be more clear at these rallies. ashley: you say buy gold, cash, not stocks. make your case. >> portfolio risk is very high. the u.s. market is up 17, 18% in the first six months. the bond market is up 6%. those are annualized calendar returns, you had them basically frontloaded the past six months. when you look around the world, there is a lot of bad economic data. you know, economies in europe and china are not as strong as the u.s. so i think now when you want to take risk off the table, okay? increase your exposure to gold alternatives, cash. gold has proven to be uncorrelated. it reduces portfolio risk. it helps diversification. so we've been increasing our exposure to gold this year. ashley: but, john, if we get a trade deal and the fed continues to back the market as it appears to be doing, do you want to be on the sidelines with cash as we
quote
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see markets continue to rise? >> your opportunity cost for gold, let's say is not that high as if stocks go lower. ashley: there is no inflation. it is not a inflation play. >> valuations are 17, 18 times earnings on higher end. our portfolio is trimming u.s., buying overseas, emerging markets where you have more of a margin of safety. you have lower valuations, decent earnings and earnings growth. ashley: very good. john, thanks for being here, you're cautious? >> cautiously optimistic. ashley: we like that. like that very much. appreciate it. look at netflix, report he had in talks with eddie murphy. susan: a lot of money, $70 million. eddie murphy and his people are close talks with netflix to produce a stand-up special. they paid to comedians in the past. paid dave schappell for a three
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stand up special in 2017. chris rock, $40 million for two specials. netflix reported they lost subscribers in the u.s. for first time in a decade instead of growing the subscriber base. ashley: right. susan: that is a big problem. that is problem of compelling content. one day after the disappointing report card, we get news possibly leaked to the media. some are skeptical. it is a content game. you need to draw eyeballs. eddie murphy does just that. ashley: i need to work on my standup routine. susan: that is a lot of money indeed. ashley: thank you, susan. iran is denying president trump's claim that a u.s. warship destroyed an iranian drone over the strait of hormuz. we'll have details coming up. we have world champion boxer manny pacquiao. he is fighting keith thurman in vegas at the m at the mgm this .
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campus reform is out with a video. they talked about the immigration being i am humane. wait until they find out who actually said it. we've got the that coming up. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade.
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ashley: let's check the board. been in the same range. up 77 points on the dow. good for a quarter of a percent gain in the early going. now this, i talked with former boxing champion and philippine senator manny pacquiao. we asked him about his upcoming fight this weekend in las vegas. take a listen. listen to this, what keith
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thurman, your opponent told stuart varney a couple weeks ago when he was asked about the fight. take a listen. >> i'm not going to be nice to him in the ring. we can be friends afterwards. he has another job as senator in the philippines. i have just to point him in the right direction. ashley: he will point you in the right direction, manny. you're not one for trash-talking, i know that, but how do you see this fight going? you're 40 years old. i hate to point that out. he is 10 years younger than you. you are incredibly quick, explosive but he does have a big punch. how is this fight going to go? >> that is very interesting what he said. i hope he is going to be aggressive in the ring and we can create more action in the ring. my experience in boxing i want to teach him, like a professor.
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ashley: i am going to teach him like a professor. he has 10 years on him. he has a little bit more experience. susan: very restrained trash-talking. ashley: he doesn't trash talk. very polite, unlike most boxers, face-to-face and get in the face. susan: manny pacquiao, 10 years old than his opponent. he revered, a god in the philippines. i'm wondering making $120 million fighting floyd may weather in that epic battle, why does he need to step in the ring when most people would be retired? ashley: he still loves it. he is remarkably fit. he plays basketball in the philippines like semiproleague. this guy has everything going for him. let's mon on to this. he is not just a champion boxer. he is senator in the philippines. a tv host, actor, music recording, yes, and basketball. take a listen to this.
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you're a true renaissance man. how do you do all this? what is your secret? >> the secret believe god, always humble. i don't like, i don't like to you know people put their fame in their head, to their head but i want to stay humble like where i came from. i always think about where i came from. i came from nothing to something. so these are blessings. this is a favor from god. who am i to become, you know, boastful or arrogant. be nice to everyone. susan: oh. ashley: that is a good message. that is interesting. that is why he doesn't trash talk. he is a man of faith. he is humble. by the way i asked him how much money are you going to make, man think? i can't tell you. i can whisper to you. i said millions and millions?
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yes. susan: he doesn't need the money. 120 million-dollar payout. manny pacquiao, do you want to keep fighting past those years? people are, when they look at this, people commented looking at pay per fight this weekend, dope forget what happened to muhammad ali. some thought he fought way past his time, shouldn't have fought in the later years, it would have protected his health. given that manny pacquiao in such great shape, maybe at lower weight levels it might be safer. ashley: maybe. espn, 15 experts gave their opinion. nine much 15 gave it to pacquiao. they said thurman didn't look good if his last appearance. they gave it to pacquiao. susan: you bringing chips and salsa? ashley: absolutely. you bring the refreshments. nee l new details on the app
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that allows you to age your photos. quite disturbing. at the heart after privacy issue. city of portland is cracking down on mass protests, remember the antifa rally where a conservative writer was violently attacked. we have the details. don't go away. ♪ hey! i'm bill slowsky jr.,
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excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass. and my side super soft? with the sleep number 360 smart bed you can both adjust your comfort with your sleep number setting. so, can it help us fall asleep faster? yes, by gently warming your feet. but can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. will it help me keep up with him? yup. so, i'll wake up ready for anything? oh, we've got your back. so, you can really promise better sleep? not promise. prove. and now, save up to $600 on select sleep number 360 smart beds. only for a limited time. ashley: take a quick look at the dow for you. we're up 90 points at 27,312. we were over 100 points at the early going, but since dropped back a little bit but still positive. now this, city officials in
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portland organ may ban mass protesters. no more hiding identities of violent antifa protesters. susan: the ban was called for after and any ngo, was injured pretty badly in the recent antifa protest there and attacked as you see, some would say unfairly, for no reason whatsoever. so this proposed ban comes after repeated violence clashes between right-wing and left-wing protesters in portland over recent years. looks like "the wall street journal" reports that 15 states actually implemented this bass on mass protests and rallies. this was basically implemented to target the the cue clucks -- ku klux klan, if you say this hurts my first amendment rights. they also say, that yes, also it is for political and religious reasons, i should have that
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right to wear a mask. ashley: violates their first amendment rights while they're violating other people's first amendment rights not allowing them to have an opinion. that is the irony. it is disgusting. susan: there is no need for that regardless, whether or not you wear a mask. ashley: only cowards wear a mask. let's move on before i say too much. susan: yes. the popular face app is responding to criticism of privacy. what is the latest on this, susan? susan: remember this face app? ashley: we did it. susan: it went viral of course, kevin hart, and celebrities got into it. it manipulates your face using artificial intelligence whether you're young or older. there were serious privacy concerns when you took a look back, who is the developer behind this. it is wireless labs, which is a russian company. therefore the russian government they say they don't have direct ties, theoretically get into these photos. also the onerous terms and conditions as well, mean they basically own these photos.
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now when asked about face app, because they don't actually process this directly on your device, they up load the photos into the cloud. when asked about that directly face app says, yes, you're right. most of the photos are deleted within 48 hours but they are processed on the cloud. you know what that means? ashley: they're always up there. susan: they're always up there. they retain it, they keep it. it could be used for a database, to build a database for surveillance. some say that you have this info, details of young and old people, can you imagine using biometrics as well? ashley: exactly. susan: think about deep fake. ashley: how many people jumped on that. susan: number one downloaded app on google play and the app store. people are more cautious. ashley: good word. susan, thank you. up next campus retomorrow's cabot phillips is back with
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another video. this time college students responding to statements on immigration statements and they don't know which president said it. that takes them by surprise. the true story of the story behind brett kavanaugh's nomination for the supreme court. we have the authors of the book, justice on trial. ♪ your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity.
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♪ hey, you got to hide your love away ♪ ashley: did stu call for this one i wonder? susan: i don't know this one. no. ashley: kind of, i think it is
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unoffensive. it is gentle. susan: at this point i will get my request in. ashley: you keep waiting. that is for you, stu. now this beatles related, an american woman fell in love with beatles inspired move quote yesterday" has a meeting with the screenwriter. susan: dawn walker, 50 years old, mother of two, works for alaska airlines, she decided to take a single person to near great yarmouth. ashley: yes. susan: the staff realizing the seaside town was used to film the movie "yesterday." it was directed by danny boyle? do i need to give the plot of the movie? , a budding blew suspicion, jack, is only person to remember the beatles ever existed. dawn, the mother of two, taking 5,000-mile journey, it is so lovely. if you can bring up the tweets. ashley: there you go. susan: i'm in a cute seaside town. they wrote story about my
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50th birthday adventure. the sound is a treasure. i traveled across the globe because of the dixie chicks and the film "yesterday" movie. who responded to this? emma fraud, the partner of the film's writer, richard curtis spotted the tweet. asked dawn to join them for a couple of tea. ashley: fancy a cup of tea with the man who wrote "yesterday." that is a great story. susan: i tried this in noting hill. didn't work out. ashley: they called security strangely. susan: where was hugh? ashley: check the big board. up 70 points on the dow. we're up to 27,294 on the dow. not to be sniffed at. now this, boeing reports profits next week. this week it says it will lose a whole lot of money because of the 737 max crisis. joining us kristina partsinevelos. you've been following this story all week. at least we have a money number,
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a figure to go by. >> roughly $5 billion after tax. if you put it towards revenue, they expect a 6.5 billion doll drop in revenue and expect some production delays. that could be additional $1.7 billion. let's talk about the stock. it is down almost 4%. ashley: why? >> they are announcing a huge hit for the second quarter. why are we seeing the stock up? that shows confidence for boeing. they must know something, maybe the grounded planes which are over 300 grounded planes could potentially be up and running in the near future. or else they wouldn't put a financial tag on it, a financial cost. so that cost will hit them all in the second quarter. however, the airlines that are going to be compensated will not get direct checks in the bank accounts. it will happen over the course of several years. may be in the form of discounts. it affected a lot of airlines across the world. southwest, air canada, just to
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name a few. ashley: right. >> the earnings, like you said, july 24th. ashley: investors get comfort knowing an actual number. >> precisely. ashley: otherwise there is all sorts of speculation. >> that number can change. now they have something, a tangible number. ashley: very good. kristina partsinevelos. this is a great story. our next guest went to georgetown university and asked students about the deportation of illegal immigrants and they called it racist when they thought it was a quote from president trump. roll tape. >> i think that policy comes from a place like white american nationalism. >> donald trump kind of embraced this rhetoric of racism and xenophobia not beneficial to our country at all. >> this administration has totally not done anything moral. ashley: guess what? here is what, here is the person who really said that quote. take a listen. >> even as we are a nation of immigrants, we're also a nation of laws, undocumented workers broke our immigration laws. i believe that they must be held
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accountable. that's why over the past six years deportations of criminals are up 80%. that is why we're going to keep focusing enforcement resources on actual threats to our security. ashley: that is who said it. here is how the students reacted when they found out it was president obama. take a listen. >> undocumented workers -- >> is that surprising? >> yeah a little bit. >> why is that surprising? >> because i thought it was trump administration said something like that. >> no, again, i just think that there is moral way to do it. i don't know a ton about obama's deportation policies but i imagine that they were a lot more humane than the ones currently going on. ashley: good stuff. joining us now, cabot phillips, campus reform media director. cabot, this really does highlight exactly what we already know, especially on college campuses. everyone is pressured to basically believe that anything this president does is evil and racist. you just showed that up.
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>> yeah. trying to get people to have the light bulb moments examining their own personal biases, you need to judge quotes, positions merit of them, where they are coming from, not based on the person proposing them. i talked to thousands of college students in past few years, leadership institute, campus reform much. i have seen the bias. comes down to social pressure, second word donald trump cops, they will oppose what is next. they see what happens to people that don't. that social pressure leads to overwhelming biases not at issues, people proposes them. that is bad for all of us. ashley: that is not only social pressure, from peer pressure, narrative they're getting from the classroom, right? >> that absolutely plays a role, when all you hear one thing from professors, administrators, same speakers come, giving same ideas, they reinforce the idea. the bottom line i could have read these students a mother teresa quote, if they thought donald trump said it
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they would claim it is most off offensive thing. five years ago it was perfectly reasonable for a democrat president to say you're here illegally, break the law, we will deport you. he was bragging of 80% of increase of deportation. five years later that reasonable rhetoric is gone to white supremacy, racism. that extremism not anything that leads us to productive conversations on immigration. ashley: not just a false narrative. on the other side of the coin, if you're conservative, conservative leanings you will not speak up on college campus because the outcome can be pretty negative. >> not just students being afraid of being assaulted which often happens on college campuses towards conservatives. it is students being fearful of their grade being hurt. i talk to students all the time, i don't want to speak up because i'm afraid what will happen to me. i see what happens to other people that do. i also think that there is false breakdown that the left created where students are convinced if you are anti-illegal immigration
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you must also be anti-immigrant. there is nothing, there is nothing patriotic about being pro-illegal immigration. there a lot of students are afraid of being xenophobic against coming out against illegal immigration and border security. that false dichotomy, pressured a lot of people to embrace ridiculous rhetoric. this is almost a race to extremes to satisfy them. ashley: you have done a great job with latest example. i guess my next question, how does this change? this is what is being taught. this is reaction you get. what changes? >> the first thing to empower conservative students to speak up at leadership institute of campus reform. to get student knowing they are not alone. once you get to the point, speakers are willing to speak up, hold professors and peers accountable, people begin to have conversations. it is also up to parents to stop spending kids to universities they know are biased. it will take market forces to come into play for universities
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to realize not enough people are applying. not paying exorbitant rates to come here if they think we're overly biased. up to people to stop applying at schools. up to students to stand up for what they believe in. for average americans to make sure taxpayer dollars go to campuses. ashley: cabot phillips, thanks for joining us. >> appreciate it. ashley: thank you. amazon prime day, we know it is over but the company apparently had a big glitch, susan? susan: 175 million products were sold and shipped over past two days of prime deals. some deals were way too good according to some websites. a glitch basically meant thousands of dollars worth of camera gear sold for $94.50. for instance, one individual, they screen snapped a shot of what they bought, 3,000-dollar telescope for under $100. also $548 bundle that includes sony a-6,000 and camera lens
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bundle, 94.50. ashley: i don't get that kind of luck. susan: everything going for under $100 according to some users. apparently some have shipped, some have not. i think that is going to be the test. whether or not you actually get the gear at the end of the day. ashley: you offered price and they bought it. susan: they canceled it because it was was erroneous order. ashley: that gets into legal issues. >> did you look at all? susan: i looked at air frier. i don't even cook. ashley: did you buy? bought 90-dollar camera? >> i bought dehumidifier and play of betweeners. i'm way too open. ashley: you're a lot of fun. authors of book justice on trial. it tells the truth behind justice brett kavanaugh's nomination. they are here in the studio after this. ♪
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ashley: the dow has been in the sail range for the last hour, up 63 points, 27,282. we were up over 100 early on but have since fallen back to that level. check spirit arrow systems, that stock up nicely, nearly 8%, boeing sees 737 max to return to service early in the fourth quarter. by the way, check boeing, it is leading the dow. heard from kristina partsinevelos, that dow is up 7 bucks at 373 for boeing. they have a number associated with the fallout from the 737 max. now this, here it comes, you see on your screen, justice on trial, it tells the true story behind justice brett kavanaugh's
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supreme court nomination. the authors of that book join us now. we thought they would be in studio. they're not. they're elsewhere. they're in washington, d.c., just as good. come in mollie hemingway, carrie seven. mollie, let me begin with you, why do you think so many great stories were surrounding this particular nomination that were never told? tell me some of those stories. >> carrie and i both knew, covering nomination battle, she was working on it this was a fascinating story. we thought we knew a lot of the stories. then we interviewed people for the book, more than 100 people, including the president, vice president, senators, supreme court justice, people close to the kavanaughs and blaseys, there was so much we didn't know. we tell different stories what was happening behind the scene, such as near fistfights nearly broke out in the senate as
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confirmmation battle heated up, republicans got increasingly angry at what democrat were doing to throttle the nomination. we saw what christine blasey's friends think about her allegation i think might be surprising, including the woman she said was a witness to the alleged assault who not only said she didn't remember it, but ends up telling the fbi she lacks confidence in her friend's story. ashley: carrie, media bias is also a major theme. how much did that play, what kind of role did that play as the story unfolded? >> we wanted to tell some of these stories because we knew they weren't being reported as fully as one would expect. this is something that mollie followed extensively. we have a lot of shocking examples of things the media knew but weren't reporting. the one that hit my jaw on the floor, nbc had interviewed one of michael avenatti's other witnesses, he said he had a additional witness to the swetnick gang rape allegation. when nbc interviewed her to
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check out the story, she said, oh, no, he twisted my words. i don't want to work with him anymore because he has been so dishonest with me. they knew this even before he brought the witness out into the public. it could have been a blockbuster story for them. they kept it qui uil literally weeks after the confirmmation. so that was some of the shameful examples where people were covering for the real holes and inconsistencies in some of the stories that were coming out. ashley: also interesting, what has come out of this, another one for you both, amazon refusing to publish many reviews and ratings of your book, and "the new york times" misrepresenting book sales of your book. mollie, are you surprised by that? >> sadly i'm not surprised by it. we are thrilled with the success of the book. it was the number one hardcover nonfiction last week by publishers weekly, number one on amazon, we have 260 or so reviews there, with great reviews. we were happy about it. there were problems, more than
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anything i would say the fact that we have yet to see "the new york times" or "washington post" or other major media like that even acknowledge the book's existence which is the number one book in america, tell so many stories, that you normally don't hear based on interviews with supreme court justices, presidents and senators. this is normally the kind of story they would be really interested in. ashley: carrie, to mollie's point you're probably not surprised by this, you talked about the media bias during this tumultuous confirmmation hearing. now here you are, even the book on it is being subjected to media bias? >> exactly. it is just kind of not being discussed. but again we're so thrilled we could do this on the strength of the book itself. so it is so thrilling to read people who actually clearly, they read it. they didn't even just hear it on tv because the networks haven't had us on yet, but, it has been great to be able to talk about it and have, no that people, there is real hunger for people to understand what happened last
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year. hopefully, that they will learn, to hold people accountable, so they can have their antennas up next time so we can prevent this from happening again. ashley: mollie hemingway, carrie seven vino, the book, "justice on trial." good to have you. >> iranian government disputes the claim that the u.s. shot down a iranian drone. beyond meat stock is is still up big after its ipo. they are teaming up with delivery service blue apron. we have the ceo -- a early investor says the stock the sky is the limit. ♪ truecar is great for finding new cars.
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ashley: take a look at the big board. we're almost, about an hour 1/2 into the session. we're up 43 points, just losing a little bit more momentum. the dow up about .1 of a percent. 26,267 on the dow. now this. iran denies the u.s. shot down a drone in the strait of hormuz.
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the exact opposite of what president trump said. roll tape. >> this is the latest of many provocative and hostile actions by iran against vessels operating in international waters. the united states reserves the right to defend our personnel, our facilities and interests and calls upon all nations to condemn iran's attempts to disrupt freedom of navigation and global commerce. ashley: come in guy snodgrass, former chief speechwriter to former defense secretary james mattis. thanks for joining us. if you had to believe one side or the other, i'm assuming you believe our side? >> of course, ashley. thanks for having me on. like you mentioned or said or played in that clip, when you look at any one of these incidents, they're isolated on their own, see last three or so weeks, there has been steady escalation, this is the latest one in that series. ashley: does this suggest iran
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is continuing to feel pressure from sanctions and military pressure that we have in the region? it feels to me iran, the economy is really struggling, starting to act out even more, would that be correct, do you think? >> you know i think that is a good assumption, in that the drone shoot-down itself or uss boxer took down a drone yesterday may not be indicative of that. look at few hours earlier when we received word iran's foreign minister made an overture, they were starting to bend some of their demand, they would allow more intrusive inspections into the nuclear program, that plays into something this administration is looking to achieve is to apply pressure on regime in iran to get them to the table. >> as a strategy, do you think the administration has got it right with regard to iran? >> look, there is a lot of pieces. some are certainly publicly known. some are certainly keeping the administration behind closed doors. ambassador john bolton, a
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national security advisor has an entire team focused on like a lazer since he has been in that role. they are working on a strategy they lay out, work not only through the united states but through allies and partners to apply steady pressure on iran, to bring them to the negotiating table. ashley: there is another issue i want to talk about, guy. it is about the pentagon's essentially lack of leadership. former acting defense secretary patrick shanihan was a shoo-in to become defense secretary but withdrew his nomination. what impact does this have. >> that pat shanihan was in the role six 1/2 months. was told early on he would be confirmed and nominated as the next defense secretary. you look what happened, didn't make the cut. they needed to move on to the current nominee the current army secretary, mark esper.
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so the signal that could send, to your allies, partners, even to the competitors, adversaries we have overseas, a little bit of an unsettled situation. ashley: can we get this settled soon rather than later guy? >> i think you're starting to see the initial tipping point of that in a positive direction, meaning that secretary esper has just gone through his nomination hearing. he looked strong. the prevailing sentiment in the pentagon and around washington, d.c., he will be confirmed as the next secretary of defense, likely early next week. we also saw that the next chairman of the joint chiefs of staff has also made it through the committee. general milley is in line to be the next chairman. the number two at pentagon robert norquist, the act being deputy secretary of defense. he is in line on the 244th to have his nomination. the last time we gone this long, 60 days, back in the late 1980s. good to see the logjam is
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breaking free. we need remaining 18 or 17 positions filled. ashley: there is a lot still open. guy, thanks so much for joining us, we appreciate it. >> you bet. thank you, ashley. ashley: the one-time epicenter of free speech, berkley, california, ditching all gender, manholes or. house voted to raise the minimum wage $15 an hour. but bernie sanders campaign said they're paid a lot less than that for working 60 hour weeks. oh, bernie. why people are impressed with chevy's new design of corvette. there is something very different about this model. we'll get into it coming up next. ♪
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ashley: it is 1 a.m. or just coming up to it in new york, 8:00 a.m. in california i'm ashley webster in for stuart "varney" and all sorts of things beginning in berkeley, california the birth place of free speech so now it's removing all gendered language from the city code and that means no words like man hole or manpower or even he and she. pete hegseth will weigh in on that this hour, should be interesting, plus introducing the first-ever mid-engine call that 2020 stingray and we've got an up close look at it and by the way it has the fastest 0-60 of any entry under three seconds and we've been covering the fake meat trend a lot on this show and we'll talk to an early investor and he says the sky is the limit for the company and he expects new highs for the stock. and we're also enjoyed by dennis
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prager, who testified this week on google and censorship in search engines after his videos were censored. oh, yeah it's a jam packed hour ahead it is the third hour of "varney." ashley: welcome back everyone. let's get right to netflix we've got news from netflix reportedly in talks with eddie murphy with big money. >> that is right big money $70 million, which may actually, when i first read that i was like what! that's so much money, however it is if you look at it in context, dave chapelle got 60 million for a stand up special on netflix back in 2017 and chris rock 40 million for two specials a year before so the 70 million obviously is higher but it's not completely out of the neighborhood of some of the other comedian specials on netflix, but we could say the timing of this leak via tmz might be a little bit funny.
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we were just talking about how netflix second quarter net subscriber numbers were a little disappointing for the overseas and netflix guided towards adding 5 million international subscriber that came in like 2.7 however for this current quarter they will rock it. ashley: they will. >> in the meantime, eddie murphy might be back. ashley: i think there's a clip. let's roll the tape. >> you know that you not doing standup drives people crazy, you know that, right? >> the last time i saw don rich gels? that was like a month or two before he passed away and he just went on and on and on like that. >> really? >> like you have to do standup comedian again. >> on and on and on about it. >> i'm going to do it again. >> really? >> yeah. everything just has to be right. ashley: well there you go philosophical eddie murphy there let's bring in david nicholas, president of nicholas wets
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management. we have, you know, look single netflix bull show for today we haven't had one netflix bull. now that they've leaked this deal to deirdre's point timing is probably interesting with eddie murphy where does this go for now? we know it's all about content. does this make any difference? >> ashley, i think me and you could get in that new corvette and tell a few jokes for $70 million it doesn't sound bad , but again, where is netflix getting the money to potentially pay eddie murphy? they're not cash flow positive. they're borrowing. they will burn through $3.5 billion of cash in 2019, so unlike their peers, if you look at disney, at&t, they're positive cash flow and rich in cash, they have the ability to go out and do new productions so i think netflix is coming from behind on this. they're going to really have to improve their user situation or else wall street will have to figure out how they justify these $400 price targets so i'm hold on netflix until i see
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things improve, but -- ashley: you don't sound very positive but listen it's interesting if you go back the last two or three years the second quarter has not been kind to netflix but they managed to recover in the second half of the year and it's interesting, i think a lot of analysts have not just all dove in and put at least a downgraded their rating on this stock. why is that? >> yeah, i think it's because of the user base still globally that they have a ways to go as far as user growth is concerned, so if they were looking just domestically i'd say they are in trouble but they really haven't scratched the surface and a lot of room to grow on the user side and their content, they've been king in content but again this is now a maturing market you have new entrants in so i'd be careful of netflix going forward ashley: another one for you, david, ge in the middle of a massive companywide restructur ing and things could be going on forever but you say
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they're cheap and they will be up big in the coming years so the question is how much and make your case. >> yeah, ge obviously has its issues. we see nice growth in its aviation unit and they're bringing in outside executives to help with the restructuring but if you just look at where it's trading right now 14 times forward earnings relative to its peers. ashley, this could be a great buy so if you're a risky investor looking to make a speculative play i think this is it. if you're looking to preserve capital this isn't the place for you but i think easily we could see ge trading in the $15 share. i don't think we'll see it this year. we might see it by the end of next year but as we get into 2021 $15 a share is absolutely possible. ashley: so in other words if you're a long term player this is certainly worth a look at. do they need to spin more things off and just couldn't get down to the core businesses? >> yeah, i mean the new ceo they brought in, that's the thing they are gauging now. i think if they can focus, create value in their healthcare , in their aviation
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units i think that's going to be the future for ge, but you will see how this plays out. ashley: very good and just quickly on the market as a whole , david, look we're up again today marginally, so but overall, get a trade deal donald the fed has the markets back are we still able to move higher? >> yeah, so i think the s&p will stay stuck in a range somewhere between, you know, 2,900 to 3,050. if we don't get a trade deal done, i think you'll see it end below 3,000 and i'm telling you though if we get a trade deal done if earnings come in looking good you'll see markets well above 3,000 by the end of the year. ashley: i know it's early but what have you made of the earnings so far? >> i think they're good. they're not overly robust but definitely not under expectation s. ashley: as always david thanks for joining us appreciate it. now this. another update on our abigail disney controversy. december rethinks is a story that doesn't seem to go away.
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>> a yahoo journalist did an undercover boss piece but had to walk back some of those comments and qualify them if not correct them, and say that abigail disney did go and visit anaheim, california, disneyland did speak with disney employees but disney has now put out a day two statement saying by her own admission and they're talking about this yahoo news piece, disney, abigail disney so-called undercover visit to disneyland with a union orchestrated meeting off property, it should also be noted this meeting was conducted in the midst of a very public and contentious labor negotiation. ashley: a lot more to the story in other words. >> a lot more to the story and abigail disney has told democracy now which is an online program, that basically she was just there speaking with workers so it wasn't an undercover boss. ashley: she wasn't undercover i guess. >> it's a free country and she said why would i disguise myself when i was just there talking to workers as anybody could go in and speak with workers but
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listen at the end of the day disney wants to manage its image and abbey dale disney is a bit of a thorn in the company's side at the moment, and she has founded this organization called patriotic millionaires and grouped together other millionaires and billionaires that go to d.c., they testify in front of congress, they say the rich should be taxed more. other people have said it too. warren buffett, she's not alone but she seems to be targeting and just the mere fact that her last name is disney it gets brought up into a big ball. ashley: probably not, but thank you very much. quick check on the big board for you, we're up over 100 points, out of the gate, and we've just been in the same range from 50 to 80 points higher at least we're on the upside, a quarter percent on the dow, 27, 294 checking bitcoin right now, that has been, it's above 10,000 at 10, 343 down $200, and st. louis fed president says cryptocurrency could push our
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monetary system in the wrong direction. steven mnuchin doesn't like it either. up next we'll talk to pete hegseth who knows he is a big fan of bitcoin. he will make his point, but listen to this. what's the take on remember congressman shawn duffy called it brilliant earlier this week and we'll ask him about berkeley , california removing old gender language from the city code, no more words like man hole, manpower or he and she and the controversy over the left calling historic flag racist. we are all over that story and so much more. it is the third hour of "varney" and we're just getting started. >> ♪ ♪ ♪ all right brad, once again i have revolutionized the songwriting process. oh, here we go. i know i can't play an instrument, but this... this is my forte.
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obviously, for auto insurance, we've got the wheel route. obviously. retirement, we're going with a long-term play. makes sense. pet insurance, wait, let me guess... flea flicker. yes! how'd you know? studying my playbook? yeah, actually.
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ashley: we are awaiting on senator elizabeth warren, she's holding a town hall-style event right now in iowa, this morning, that of course after she slammed
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wall street and private equity saying they looted the u.s. economy. basically, vampires we've got our eye on this and of course if she says anything you'll be the first to know and that is a promise on elizabeth warren. for now, check facebook. its been a whirl wind week for their libra digital currency. crypto chief david marcus on the hill pitching it to lawmakers but the majority of them, well they weren't having it. come in crypto economist pete hegseth. fox & friends, weekend co-host of course but really cryptocurrency expert. how are you feeling about libra? pete: well i'm skeptical of facebook and the way facebook would administer it. technically it's not actually a cryptocurrency. it's not fully decentralized. it's an association of large institutions that pool together and there's a lot more regulation and control that facebook can have over who gets access to it. ashley: and you don't line that? pete: well no the idea of a cryptocurrency is that it's entirely decentralized as far as
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bitcoin is concerned, it's anonymous, which some see as a downside, i see as an upside and ultimately it's a peer-to-peer network. the idea of a cryptocurrency is i don't have to go through a centralized bank in order to exchange funds with you. that is where the blockchain and the minors of cryptocurrency, that's the authenticity of a government can't mess with it. a business can't mess with it. libra on the other hand with facebook you've already got the government wanting to put their hands into it, we already have facebook that knows more and you and i than we know about ourselves, has not been good with the actual data they have and what they do with it so that's where the skepticism comes in. it becomes actually a real competitor with a dollar in that context in that it does have a regulatory structure, which if it's an international business like facebook, i think brings more skepticism, whereas if you wanted to find the person in charge of bitcoin, you couldn't find him, because there isn't a person. ashley: that's the point. pete: there will never be more
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or less, and as a result it doesn't have the supply and demand which is why you see the volatility which those of us who leave in it and are investing in it over time it will find its place, but right now it's an invest vehicle. ashley: that's very good pete hegseth. pete: well i earned a title. ashley: bitcoin back over 10 grand by the way, cryptocurrency could push our monetary system in the wrong direction. steven mnuchin treasury secretary said look, bad guys, terrorists, you name them can lander money, stay under-the-radar but all the things you like it for, it can be used for the dark side. pete: it can be used for the dark side you have to acknowledge it but what i like it for is the disruptive nature of it, that it cuts out big governments that can slant things in favor of certain people and as a result, you have the autonomy to have control over your money and increase in a digital world, you can connect with people in ways that cut out the middle man, the bank, or the government in the process so i like it for the things that some people don't like it for. obviously not for the crime, or
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the drugs or the ways people use it, but its got revolutionary possibility for people who love freedom and want to empower the individual. ashley: agree with you on that. no doubt. another good story so many good topics right now. this one, actor chris pratt, people calling him a white said prem a cyst for wearing a don't tread on me shirt, i mean, how ridiculous. everything now is racist it appears. pete: i'm just going to get out of the way and call you racist so then we're on the level and now we can talk about other things. that's what it's come to. you make any commentary counter to the politically correct elitist view of word speech or revisionist history and suddenly they've recaptured a symbol as racist. if you look at that flag right there, it is representative, american colonitises pushing back on the tyranny of great britain wanting to form their own human experiment and freedom and i know a lot of guys who wear that on their shoulder in the military because it's a representation of toughness and
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if some fringe groups try to capture that symbol as their own that doesn't mean they own it, so let's push back and say this is a proud symbol of america's history. we could be proud of it, and if chris pratt, a hollywood actor, wears a t-shirt like that, the problem is it could be a dog whistle that maybe he supports trump. maybe he's a conservative or a patriot. ashley: and it also does a dis service to racism which is horrible, when you label everything, it just takes away what racism really is. pete: then nothing is racist and president trump was right when he said eventually they're coming for george washington and tomorrow as jefferson because they were slave owners and defined by that one sin. ashley: i have to get to this story. thank you so much you probably heard this already but berkeley, california doing away with gendered language in their city. you can't call it a fraternity or a sorority any more, it's collegiate greek system, a man hole is now a maintenance hole. pete: [laughter] ashley: i mean of all of the things that this city council
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could be doing and egg else, i mean, this is to the point of ridiculous, is it not? pete: of course, somebody goes to a maintenance hole, or man hole, where is the worker man, worker? you know, it's just so utterly unnecessary but this is the trickle effect of the intellectual elite who think they know better and they have designed an architecture of language and once you control the language you control everything because gender in their mind is now a social construct. i mean, my preferred pronoun is dude and if you don't call me dude in the future i'll be offended by that. now i can, under their structure , define my preferred pronoun. where does it end and now you're insulted if i don't call you by the pronoun. ashley: i am a little. pete: i think you could be sir. ashley: i'll go with that. but i'm a racist and a sir. pete: now a racist. i'm just telling you. ashley: it's a rat. pete: understandably so, but for the regular folks you don't see
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where it ends and you could all be good people who love every shade and gender and sexual orientation without having to go down that road. ashley: we'll leave it right there. great stuff. cryptocurrency expert, thank you pete: appreciate it. ashley: quick stock check take a look at starbucks they are down, hitting all-time highs day after day, ahead of their earnings report next week but starbucks has been on a terror and you know we've got to check the meat because foods fascinated by it, fresh off their partnership with blue apron stock continues to go up, up and away another $4 at $ 174 up 2.5%. coming up we've got an early investor in the fake meat and he says strap in, you ain't seen nothing yet when it comes to how high this stock is going to go, stick around for that and check the customer experience software guys just went public opening at $34 a share up 60% from their initial pricing of $21 and as you can see, not bad at all.
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and we continue to go, new study looked at where millennials are moving to the most and we've got the answer, next. here is a clue, no it's not new york city. they're not moving there. we'll be right back. >> ♪ ♪
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ashley: we mentioned this before but you want to check medalia customer experience software people they just went public as we said opening at $34 a share, now up, 66% up $14 at $ 35, the initial pricing was $21 , and taking off on the market. check this out, and the viral area, bud light has announced a special edition canon your screen now, there it is, complete with a crown and the slogan, "we come in peace" and by the way the company also tweeting that it'll give a free beer to anyone that escapes area 51 during the raid. i think that's very generous and a new study is giving us insight
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on where exactly millennials are moving to. spoil era effort had, not new york city. >> which probably shows, so this study was done between 2012 -2017 actually done by an insurance company so we'll show you the top five, okay? portland, oregon here you go, number one. average salary, by the way, in case you wanted to know 41,000 is the average of millennials on their money, what they're making and you can see there seattle so obviously northwest coast pretty popular, the denver area which includes aurora and some surrounding areas they rope that into one big area, then san francisco which they also put oakland and then austin. so, as you notice -- ashley: a lot of liberal cities in there. almost put denver on the same level as portland and seattle. but there is a theme. >> there is a theme and it's definitely not east coast. ashley: nothing east of the mississippi. deirdre thank you. coming up next we're talking to
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an early investor. he says yes the sky is the limit and he expects new highs for the stock. how high? well we'll let you know and he's also an early investor in the e- cig company and san francisco banned all from the city and new york just raised the smoking age to 21 including e-cig's the question is how is the company in trouble with all of these new regulations and also getting a close up look at the new chevy corvette stingray, not bad but not all of them are excited about this and we'll tell you why, coming up.
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>> in fact, we know living in america where wall street is sucking value out of the rest of the economy, and we got to put a stop to that. anyone remember shopko? yeah, you know why shopko is closed? private equity. anyone remember sears? yeah, sears, private equity.
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toys "r" us? gymboree? and it's not just the retailers. they've done this to nursing homes. they've done this to grocery stores. ashley: basically wall street is a giant vampire that apparently sucks all the money out of everything and that was elizabeth warren of course taking direct name of wall street demonizing private equity essentially accusing wall street of looting the american economy strong words there. >> she certainly is she says if it's good for wall street it's good for the economy that's the argument that it just isn't truman and she launched a series of tweets four at least by my count on this subject. i will say she's not alone. billionaire investor warren buffett also said remember back in may, he said well you know, i caution against utilizing private equity, that the job of the markets is to match people who need money and who have money; however i want to say that private equity as an industry is a big part of the infrastructure that we have in this country they made something like $3 trillion worth of investments in the past 10 years , so i think it's hard with
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a broad brush, right? some view very responsible investing that sort of rising tide lifts all boats and some -- ashley: a not so good example. deirdre, thank you. let's take a look at the big board if we can we've been stuck in the same range ever since we opened a couple hours ago, the dow up 62 points we did get up above 100 points at one point but a quarter of a percent gain for the dow and that's where we stayed this morning. check the beyond meat stock if we can. we know that it's teaming up with blue apron, the meal kit guys, and we've got an early day that's up 2% today and it's up another $4 at 174.95 and we've got an early beyond meat investor with us now, come in, greg smith founder and ceo of evolution, vc partners. greg, let's talk about just the stock and the revolution that we've seen. it seems to have just exploded overnight. one minute we're talking about this fake meat and now here we have companies that is going up
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leaps and bounds. i mean has it taken you by surprise? >> i think its taken everybody by surprise that this has become really a cult stock and it continues to surprise everybody that they have the midas touch. many people probably thought blue apron was left for dead but we denuclearization use to see more and more evidence coming out not only from beyond meat which will hopefully be reflected in their results but from their customers, you saw tim horton's introduce breakfast sausages in the last few months and just this week they are expanding from three breakfast sausages to a burger to the lunch part, so me as an investor i have to look at that. ashley: it's not a fad. >> i have to assume we might see a starbucks, dunkin' donuts, mcdonald's get pulled into this market and they start with a breakfast sausage, begin with a burger? ashley: so you say they will hit a new high or go to a new high by the end of the year, what kind of price are you looking at >> well there's a few things going on in the market. some "other interesting events to follow, tyson will be jumping into this market, probably very
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soon and we could see millions of animals within their herd rejoyce for joy as they hopefully get into plant-based meat. maybe their lives will be prolonged but i think it's interesting while tyson is a great company i look at my teenage kids and millennials. they don't want to buy their parents or their parent's apartments brands they want authenticity from a brand and trust and a brand story. what's more authentic than ethan brown, who started beyond meat as a farmer, to really change the world. ashley: with this trend comes a lot of competition and that has to be expected. >> that's going to broaden the market. we're going to have impossible foods go public in the next six months or so and continue to broaden the market as you know beef is $1.4 trillion industry and if you make the comp to what's happened in dairy with a plant-based dairy foods we've now garnered some 14% of the market, if you were to take 14% of 1.4 trillion it's a massive market if you believe in the
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plant-based meat we'll get there ashley: you're also an early investor in jewel, the e- cigarette guys but so much regulation in san francisco banning it you have to be 21 in new york city to get a hold of this. what does that do to this company? it's a two-pronged thing. one thing helps people get off smoking regular cigarettes but we've seen this disturbing trend in young kids using these things because they are kind of cool but that's the next step down from actually smoking cigarettes >> smoking cigarettes kills half a million americans every year. you look at countries like uk, public health england are pushing citizens on to e cigarettes, so here in the u.s. , san francisco seems to be a state walk around the streets i can't believe they left combustible cigarettes on the store shelves. you have needles littering the streets in san francisco and they takeaway a product that's actually going to save lives so i think the youth issue is going to be solved in a few different ways and actually first before i say that the fda's own data
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suggests that ju. l is not the only culprit here. you have poor retailer compliance and retailers in 50% of cases selling tobacco products to youth but right now you have senate majority leader mitch mcconnell taking 21 through the senate. ashley: but does the stock frighten you? >> it doesn't. smoking there's 1 billion smoker s in the world today, right? only 3% of worldwide smokers are in the united states. we have the lowest smoking rate ever here. it's down to 14%, right? and it continues to drop. if you look at 12th and eighth grade smoking rates they're down 90% in the last 20 years. when i was a teenager growing up in new york city in the 80s half my class smoked cigarettes. if kids are going to smoke i'd rather them smoke but what we need to do is push tobacco 21 which raises the limit in every state, and this problem is also solved with technology. i think you'll have juul come
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out with a bluetooth connected product that only the user once they're age verified can use it and if that product is not paired with your phone it's a paper weight and we need better retailer compliance. we can't have retailers selling to youth. ashley: full of information fascinating stuff beyond meat and juul. next case, just revealing their brand new corvette design 490- horsepower v8 engine but not all often thousand yachtses are on board. fox news automotive editor is with us, you know, we said this before, gary and you made a comment. look, corvette fans are notoriously reaction airy and you said well, they're baby boomers. they don't like change so what's so new about this vet and what's the pros and cons here? >> this is the first mid-engine corvette the same sort of layout as a formula one car or an
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exotic ferrari, and through seven generations the corvette has been a fun engine american sports car so this is kind of like putting the track on to the statue of liberty. is it going to make her faster? sure. but the fact of the matter is this is a better performance car than the previous corvette. 0-60 under three seconds. ashley: oh, my word. >> from a 490-horsepower v8 engine that is exotic car performance you could spend three times as much and not get a car that quick. the handling promises to be much better as well but the issues with mid-engine is always price and practicality this costs under $60,000 to start with which is where the current corvette. ashley: which is amazing when you think of the european competitors who really belongs to the jet set rich. >> exactly and even a porsche that's priced at a lot less power than this, the other issue is practicality behind the mid- engine on this is a very large trunk that you don't usually find, to fit two golf bags which is the benchmark for boomers in this segment and also
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a smaller trunk upfront where you could put a carryon bag. there is one issue though. it doesn't move the needle on cars, but the corvette but look this is we seen it in cars before, even gm made the fiero, we've seen v8 cars before, we're not seeing new technology in that area. there's talk there will be either hybrid or electric higher performance version of the corvette down the road but for now it's a pretty straightforward sports car but they did pull it off. ashley: gary great stuff as always. the iconic corvette we told you about senator elizabeth warren she's holding a town hall style event in iowa right now on the left side of the screen taking on minimum wage apparently telling the crowd how much it helped and her family, when she was young, and it should benefit american families rather than corporations. we'll keep you updated on what else ms. warren has to say. all right, social media literally erupting into a frenzy over the release of the trailer for the new top gun movie. we've got a clip for you, up
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next, but first, we're going to be joined by dennis prager, testified this week on google and censorship through search engines after his videos were censored, his response to that, next. >> one of the companies that has been demonetized by google repeatedly is prager university, dennis prager is sitting here and he will be testifying on the next channel. mr. prager is in my judgment, a highly individual, studied and well-thought on a great many issues, and in my experience, i've always found that i learned when listening to mr. prager whether i happened to agree with a particular issue or not and yet, youtube actively sensors the content mr. prager is producing. is it your view that mr. prager is somehow disseminating dangerous ideas or ideas that fit into the buckets you were talking about of violent extrem ism or hate speech? carvana is six years old this year
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he should be at least a two star admiral by now, yet here you are . it's one of life's mysteries sir ashley: and there it is the trailer for the new top gun sequal called maverick, tom cruz in his role of course as maverick but deirdre the question is when can we see this >> about 12 months from now, in the year 2020 that much is for sure to talk about building your audience, before you go into it. listen there's a lot of fans for a lot of people and this is a becoming of age movie, tom cruz still delivering. ashley: he looks good doesn't it >> he looks great and he even
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said i thought it was my responsibility to deliver for you and he told this packed conventional hall, i think most people who worked with him have said that he's a very committed performer, so for a lot of people, he's got the classic ray bans what more do you want? i have to think -- ashley: was that ed harris in the movie? >> look at him go, he's still sharp. ashley: i loved it one of those movies i watched many types and i don't do that often. very cool. i feel the need, the need for speed. we should point out by the way the top gun program part of the navy not the air force people make that, but anyway deirdre thank you very much. we have to wait a year to see the latest top gun. next case, earlier this week, conservative voices took to the hill testifying against google's alleged censorship of their content, senator ted cruz even channeled our next guest and his line of questioning, to a google executive. roll tape. >> one of the companies that has been demonetized by google,
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repeatedly is prager university. dennis prager is sitting here testifying on the next channel. mr. prager is, in my judgment, a highly-learned individual studied and well thought on a great many issues, and in my experience, i've always found that i learned when listening to mr. prager whether i happened to agree with a particular issue or not and yet, youtube actively sensors the content mr. prager is producing. is it your view that mr. prager is somehow disseminating dangerous ideas or ideas that fit into the buckets you were talking about of violent extrem ism or hate speech? >> no, senator. we do have a very small percent of our subscribers who opt for what we call restricted mode. these are mostly institutions like churches or perhaps schools , where there's certain
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more mature content that they choose not to have access to. now this is less than 2% of the overall youtube watchers, but we do feel it's important that to give those institutions that degree of control. >> the restrictions are for blocking things like pornography , but apparently, in youtube's world, talking about the 10 commandments and the nation of israel is comparable and should be blocked. ashley: that says it all there. the man himself is with us now, dennis prager, founder of prager u. dennis? what is this that you're hearing we heard mr. cruz say you're going to be testifying. it was an interesting session, no doubt, this week. what was said in your hearing? >> well i just need to comment. i was there when this happened. i have heard this about three or four times. i genuinely laugh each time, so what did mr. prager say that
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exactly is violent or graphic or extreme or hate-filled and he said, well, nothing. why didn't the panel sort of end then? [laughter] so the man was almost brilliant, i'll have to commend him. it's like well did you run over that old lady? yes. but -- then we just continued the conversation, but if you ran over the old lady, isn't that the only reason you're here? why are 56 of dennis prager, prager u's not my videos only a handful of them are mine so to get that dennis prager, a prager university video 56 of 320 of our five minute videos cannot be seen by any family that filters out pornography and violence, by
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every school, by every library. they can't. it just cannot be seen. it's like it doesn't exist, and one of them is mine, dennis prager, my introduction to the 10 commandments, so if you didn't play this part, this is worthy of as i said it then, i said i feel like i'm in where he said well, the 10 commandments video contains reference to murder. ashley: oh, my gosh. that's something completely different as they say. listen, obviously, we heard this in the hearing. you have continued to challenge this, i would assume, and are you getting pretty much the same response? >> yes, nonsense. nonsense. there isn't one of our videos that are "mature." yes, they're alma hurricane florence in the sense that we appeal to the mind, not to the emotions, that's true, but mature means a 15-year-old or a
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13, 12, 11-year-old shouldn't see it, there isn't one such video. i mean, the history of israel. by the way this is a very interesting thing. out of our 320 videos, 15 are about israel, so obviously, it's not a very large percentage. half of them are on the restricted list. if you say anything positive about america it's restricted, anything positive about israel it's restricted and then there are things restricted that i can't even figure out why. ashley: [laughter] all right, dennis, well we're talking about it. hopefully someone will say wait a minute. this is insane but dennis prager as always thank you very much for joining us we appreciate it. >> thank you. ashley: now this. semantec, major cybersecurity company says it has seen three successful audio attacks where a company ceo called another executive to request an urgent
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money transfer. they were fakes. this is dangerous stuff and we'll have the details, next. dear tech, you've been making headlines. smart tech is everywhere. but is that enough? i need tech that understands my business. i need tech that works at scale. dear tech, dear tech, dear tech, we're using ibm blockchain to help make sure food stays fresh. we're exploring quantum to develop next generation energy. we're using ai to help create more accessible health care. we're using iot to create new kinds of digital wallets. let's see some more headlines about that. let's expect more from technology. let's put smart to work.
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ashley: deep fake software. the artificial intelligence software that can allow you to use their face and voice alone. it is being used to trick companies out of millionals million of dollars. how does this work? >> symantec a major cybersecurity company, in three successful cases audio attacks were put on, somebody can call video and audio, ted talk, conference calls, ai put together to mimic the person's voice. a fake senior call to senior financial officer requested an urgent money transfer, that company is out after few million dollars. ashley: my gosh. >> this is becoming more and more. one of the downsize to artificial intelligence and some uses. ashley: how do you stop that? you can't stop anyone from making a fake call or whatever? >> it is very much like when probably people translated from
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coin money to paper money, right? well you can do that is counterfeit. you have to become, technology becomes an arms race has to become stronger on the other end. happens to journalists as well this is slightly more believable. ashley: yeah. >> but in march there was a twitter account falsely claiming to belong to a bloomberg journalist trying to coax personal information from tesla short sellers. eventually algorithms sorted that as a bot or ai generated account. almost anything we have is able to be infiltrated. >> we'll get to the point where we some way, fail-safe our voice? you can't do it with your image, surely. our images are out -- >> one of these things, a lot of us do now for your bank account. you get sent a code. tough put in a code. make sure that ceo's face and voice match as code you were sent, if you have the right to participate in a conference call. ashley: you may get a call later
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but how do i know if i'm i'm getting a good deal? i tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if i'm getting a great price. this is how car buying was always meant to be. this is truecar. ashley: check out this map. most of the country experiencing a he wave. we know it is middle of summer seeing oranges and purples, you should stay inside with air-conditioning. this is late july. this is what happens in late july. software guys opened at 34 bucks a share. is that 80%? up nearly 17 bucks at 37.87. initial price was 21 bucks. quickly check chewy.
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down 7%. that will do it for our time on "varney & company." hope stu feels better. neil, ticket away. neil: ashley, thank you very much. what is happening in the big apple with the heat wave. mayor de blasio told all buildings 100 feet or taller, not one degree below 78 degrees. that is how fearful they are exhausting this, really testing con-ed, the premier utility in the greater new york region. these triple-digit temperatures are extending way beyond new york. 2/3 of continental night will be under that. stock market is in and out, shows it has never been hotter. what happens now? iran hot and bothered over something else, that drone issue.

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