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tv   Varney Company  FOX Business  July 21, 2015 9:00am-12:01pm EDT

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business every morning at 5 a.m. "varney & company" it's now yours stuart varney over to you. stuart: thanks sandra. no summer doldrums here. no. trump stays in the news and apple will make news and good morning, everybody, what a day. look closely at the poll and trump is actually losing support. and today, the des moines register tells him to get out of the race he's not in retreat, but his star in my opinion has stopped rising. let's go to apple, a few hours from now we'll see if it makes history again. how about a billion dollar profit per week. to facebook it's almost there, closing in on $100 a share, and amazon is poised to 500. does anybody deal in anything, but technologies. and the parents testify about their san francisco euro deal and you'll see it.
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"varney & company" is about to begin. ♪ look closely, please on the lower left of your screen you can see the flag atop the u.s. capitol lowered to half staff in honor of the four marines and sailor killed last week in chattanooga. speaker speaker speaker boehner making that order however at the white house the flag is not at half staff. lawmakers want to know why. listen to this. >> the flag goes to half mast for all other types of incidents around the country. five servicemen have lost their lives. i can't imagine. >> when asked about the white house secretary josh earnest said today. >> you'll have the president discuss this more at his
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conference at the vfw. stuart: half staff at the capitol and full staff at the white house. more on this with an army combat veteran. >> happening today, john kasich, the governor of ohio is announcing that he is running for the presidency. that will happen around 11:30 eastern woo we'll take you there live. much more throughout the program. the focus on wall street big time tech stocks today, look at facebook, close to $100 a share and could get there at the opening bell. pre-market looking at 99. moving on to amazon near $500 per share and one investment firm says this. it's going to overtake macy's at the top apparel retailer by 2017. that's facebook and amazon look at gold please. stocks up gold down that's again very close to a
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five-year low. i want to get back to donald trump on the surface, the latest washington post abc poll shows a big lead. 24% 12% jeb bush. dig deeper support for trump fell after critical of john mccain's service. here is what they said on o'reilly. >> i have respect for senator mccain. i used to support him a lot. i used to raise money for him against president obama. if theres with an a misunderstanding, i would totally take that back. stuart: oh a misunderstanding. iowa's largest newspaper calling for trump to drop out of the race and quote an editorial today in the des moines register. if he's not already disqualified himself to demonize immigrants as rapists and drug dealers, after remarks
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about john mccain. >> when trump announced we said we should take him seriousliment what do you think now? >> they should take him seriously. that 24% he got in "the washington post" poll is probably his peak, but here is what republicans have to fear. and that is an another part of the poll that shows that in a three-way race with donald trump running as an independent, he takes votes away from say jeb bush like crazy and then jeb bush loses to hillary clinton with trump getting 20%. there are the calls for trump to drop out, he's not going to win the republican nomination, but may encourage him to run as an independent. stuart: he's not going to drop out. do you think he would consider a third party candidacy? >> of course. he does have a -- he has a base of support that we've seen crop
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up and there is something about trump that a certain type of voter likes and that is he's not evasive. most politicians you can sort of see the wheels turning in their head when they're answering questions. with trump, whatever pops in his mind he says and there are an awful lot of people who like that. stuart: but fred then according-- he looks like he's the worst news possible for the republican party. is he? >> well he is. i agree with that and that is, but it's not a problem now of what some of the republican elite think. oh he's taking over the face of the republican party. that's not happening. people know trump. he's been around a long time. i think the worst possibility for republicans is that trump drops out in the early primaries and does run as an independent. that could be catastrophic for republicans.
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stuart: we hear you, fred barnes, thanks for being on the program. this is a crucial moment for republicans. look at apple, the stock price is close to a record high and by the way, apple reports its profits later on this afternoon. remember, they did make a billion dollars a week in profit last time around. that was just three months ago. liz is here and investors are going back to the stock. 132, 133. they think that apple can make more money. what say you? >> look the company has done an unbelievably good job for years and years. i think this earnings report is going to be very interesting because they have about 30% of their sales coming from china, china is in a marked slowdown and we will a he see what impact that has. u.s. companies in general have been hurt by a strong dollar again that's an issue for apple. probably the best-- the most interesting fast set of this earnings report is how is the apple watch doing? because estimates have come
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down for sales on apple's watch and probably not going to break it out, but everyone is going to try to ferret that information out from the earnings report and i think that's going to talk about the stock going forward. they need a constant stream of new exciting products to stay on the trajectory that they're on. >> we barely work up to an earnings report coming out in seven hours. >> but it's apple. stuart: and i want to know where else is a body investing these days other than technology, apple, google netflix-- >> it's certainly not gold. stuart: that's why apple creates this level of interest. another sad number. and breaking away for the markets yet again. a sad number for president obama's america. 22% of children in america live below the poverty line that was in 2013. look at this. it was 18% in 2008.
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ashley, how come more people more children are in poverty in 2013. >> good question. stuart: the recession was at the high in 2008. >> because the wages have gone down. 23,624 dollars a year households at that are considered in poverty. one in four children 19 million kids are living in poverty. that's in the recovery. >> that's now compared to as you said 18% since the recession began. the wrong direction. >> the greatest anti-profferty poverty in the world is growth. sustained high growth. we're still not seeing it for every good report you get a negative report whether it's retail sales or wages or whatever, and the truth is this has not been the priority of the obama administration.
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a republican needs to run on increasing growth. jeb bush is talking about this and others are, that's what gets people out of poverty. >> if we had a couple of years of 4% growth. >> a huge difference a huge difference. >> that would make a big difference? >> it would. >> a huge difference. >> absolutely. let' see if we get that at some point in the future. >> indeed. >> science technology always in our headlines, lauren simonetti wraps it together in case you missed it. >> i'm a mini science reporter. steven hawking, and a billionaire are looking for the most intense search for alien life. they've lost their program to look for life beyond the solar system. they've secured time on a powerful telescope to do so. el neneino, stronger and could
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have ripple effects on weather patterns. in the u.s. it could mean more rain in california a quieter atlantic hurricane season and a warmer winter across the country. look at the video, an asteroid containing, get this $5 trillion worth of platinum. it's the closest path and it will not get closer for another 93 years. >> how can they know? >> it's a rock in space. >> they look at the glare that come off of it. i'll work on my skills for a better answers next time. >> convincing. >> true that was basic. stuart: you've got to tune in fox business network, 5:00 in the morning, that's 5:00 eastern time. you want to see lauren sandra and nicole bright and early. at 5:00 it is make a date with that. kate steinle, the woman murdered allegedly by an
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illegal immigrant. her parents will tell their story to congress today and we will be on it. and this democrat candidate for president martin o'malley saying climate change created isis.
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>> sanctuary cities will be in focus very much today. the parents of kate steinle testify on capitol hill. the accused killer is an accused felon deported five times to mexico. he came packback to san francisco because he knew. the parents will be testifying and we'll bring that to you. if what would you say to kate steinle's parents? >> express a lot of remorse to are what they're going through, what happened to their daughter
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is a tragedy. the sanctuary cities and there was a conference of mayors they don't think, this is a bipartisan group that local law enforcement should be enforcing immigration laws i think that ice and the sheriff should have had a better communication, once the man was captured and detained the sheriff should have notified ice that he was in custody, but i don't think it's up to local law enforcement to stop random people on the street to check immigration papers. >> what are they supposed to do if they-- >> that's what people are advocating. stuart: if they arrest somebody aren't they supposed to turn them over to the immigration authorities and when they do ice let him go? that's the nature of the sang wary. >> no, the nature of an sanctuary city if you were an
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illegal immigrant, you would be stopped or not. stuart: do you think it's about buying the hispanic vote? >> the conference of mayors is mostly democrats. >> the conference of mayors is bipartisan. this is what i think the problem is if you have an illegal immigrant community who is scared to report a murder a domestic beating or something along those lines, they report they themselves are going to get deported that doesn't help anybody that promotes violence. stuart: the response of the administration, their reaction to this seems very cold. you remember jay johnson was testifying about the sanctuary cities he didn't seem to know who kate steinle was. >> i don't know about that. i'm sure he knows who she is because it's been in the news.
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stuart: he is walking away from it because he doesn't want to offend the hispanic vote. >> it's not a matter of defending the hispanic vote it's about the law enforcement we should not be policing immigration laws, that's up to ice and the-- >> i think it's about the hispanic vote. >> you and i disagree on that. stuart: come on in vote democrat and-- >> how are they supposed to vote democrat they're-- >> the other legal hispanics will vote democratic. >> to me local law enforcement is not an entity that should be promoting immigration laws or should be arresting people or stopping people and asking for their papers. that's what arizona wanted to do and i thought it was a huge mistake and other places wanted to do. i think that local law enforcement should be protecting you and me for crimen should not pull you or me over because we don't look
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american. and that would prevent legalillegal immigrants from reporting a crime. >> being illegal is not a crime. >> if you have-- >> being illegal is a crime. >> if you're illegal you're not going to report a beating or-- because you're afraid to be deported. stuart: back in my day when i came back in the 1970's and i could have been thrown out and could have broken the law and didn't. >> that's up to the federal government not up to local law enforcement. if all of a sudden you witness a crime, you think that makes sense you could have been deported? >> i've got to move on. martin o'malley for the
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presidency, he says that climate change ultimately led to the rise in isis. do you want me-- the rise of isis. >> he says there was a huge drought in the middle eastern region and wiped out farmers and forced them into cities which created a humanitarian crisis and created the conditions that created isis. stuart: any comments? >> i have never been to the cities there, but in-- >> will you contest his premise? >> i'll contest his premise, they're jobs not necessarily climate change. there are droughts throughout history and on the african continent. you know-- >> it's a stretch. >> it's a huge stretch and i believe in climate change and i think that climate change will lead to horrible global
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situations as does the pentagon, as does nasa a lot of other people, but to say that isis is the reason for global global climate change is for isis i wouldn't go that far. stuart: i hope in the upcoming election that climate change gave raise to isis as is the hispanic vote-- >> oh stuart you and i have had so many bets that you have lost. you're not paying up yet? this goes back to 2006 my friend, i want to be clear. stuart: time is up. >> oh yeah got to go. bye see you later. stuart: a lot of people talking about the world champion surfer attacked by a shark on live tv. he says he'll get back in the water, but is very anxious, hear him in his own words next.
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xfinity is the destination for all things taylor swift. >> a surfer who fought off a shark in south africa spoke about the incident. he says he's doing okay, but emotionally scarred. roll tape. >> i haven't got a scratch on me, yeah just sort of more of an emotional, mental sort of
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trauma right now. stuart: i can understand that. >> sandra my feelings go to his mom who is watching on live tv and for about five or six seconds she lost sight of him. she didn't know whether the shark got him or not. sandra: i can't imagine what that felt like as a mother who watch your son go through that. and why we're captivated and people are watching it a day after we saw it for the first time. everyone wonders, would you have been able to throw a punch at a shark. unbelievable video. stuart: no i would not. i don't think i'd ever go back in the sea again. >> i wouldn't take a bath after i saw jaws. [laughter] >> welcome back ashley. >> it's true. stuart: tech stocks are on a tear and the nasdaq at a record high. facebook closing in on $100 a share and amazon near 500. these are the horse race stocks
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of the day. back on the opening bell in a few minutes. so you're a small business expert from at&t? yeah, give me a problem and i've got the solution. well, we have 30 years of customer records. our cloud can keep them safe and accessible anywhere. my drivers don't have time to fill out forms. tablets. keep them all digital. we're looking to double our deliveries. our fleet apps will find the fastest route. oh, and your boysenberyy apple scones smell about done. ahh, you're good. i like to bake. with at&t get up to $400 dollars in total savings on tools to manage your business. new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow
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>> i think we still should take him seriously. that 24% in "the washington post" poll is probably his peak, but here is what republicans have to fear and that is another part of the poll that shows that in a
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three-way race with donald trump running as an independent, he takes votes away from say, jeb bush like crazy. stuart: that was fred barnes earlier this hour of this program and says that we should take donald trump's run for the presidency very very seriously. it's 9:30 precisely, trading has begun on wall street. the opening bell is ringing. we're looking for a drop 90 to 100 points because of technologies. those are going to take them down substantially. they're not moving much we're down 10 points and expecting more more. patience is a virtue. down 69. ashley: there you go. stuart: first out of the box, facebook at 98.94, closing in on $100 a share. joining us is jared, ashley is here and sandra.
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are you buying facebook at 100? >> i feel bad because my brother on friday said facebook is going to 98. i told him want to protect it. long story short, he was right. i don't necessarily feel good about the fundamentals it's becoming a cult stock, got the momentum and i think it gets to 100 and maybe beyond. i'd be careful if you're a short-term investor. >> it's hitting a new high right now, 99.14. larry levin, we come to you for commodities. do you have any comment on facebook? >> yeah i think that you could buy it i think it's going to keep going higher. stuart, if any indication is how many times i walk around my office and see my employees, instead of working, they are they are on facebook. maybe that's a tell tale sign how the stock is going higher because everybody is on it. stuart: they are indeed. check out the big boards we're
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down 112 points as we speak. there are two down stocks that account for almost the entire drop. ibm accounts for 60 down dow points and united technologies down 33 points. if you take out two stocks you've got a pretty flat market, not the 100 point claim that we're looking at. let's get to apple, near a record high. they report after the bell today. come in sandra. >> they made a billion dollars a week with profit with the last report. it looks to me like investors think they're going to make more with this report today. >> especially because they're buying the stock ahead of it there's some optimism there. i tell you where there's some concern and that's with iphone sales in china. it's been the key point for apple earnings most profitable at apple. when you look at china, everybody is talking about potential slowdown there and the economy that we're seeing.
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if china has overtaken the u.s. for the biggest for apple, and there's an economic slowdown i'm going to be listening to that on the earnings call. >> they're trying to beat their own numbers and against themselves. >> and that's the question isn't it? and sandra is right. china is a big one, look for comments about the watch, too, as they continue to try to come up with new products iphone is driving this. i want to see what they're getting back from the watch. >> indeed. >> jared, they're going to concentrate on two things i suspect the watch, how it's selling, and number two, obviously iphones, they sold 61 million iphones in 13 weeks and that was last time around and that's what they're looking at now. watch iphones. >> yeah so iphone by the way, iphone is a driver here. watch the icing on the cake. i don't think we'll get a lot of big detail numbers in the watch. there was some slowness in the beginning with component issues and i do like apple, by the
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way. i recommended it to my subscribers, i believe, that apple will beat. i'm looking for $1.84. i think it's a stock that you want to own. i love that they're bringing doug betts in. he's the automotive executive and potentially breaking in 72 million vehicles sold around the world. i don't think they're looking to buy cars. starting off, i think that apple is going to explore the electronics of cars and the long-term story is good. i love this company and hard not to at this valuation. >> you were referring to apple hiring a fiat chrysler executive, who has experience in manufacturing automobiles. is this in response to the electric car. ashley: if you take a look at what reportedly apple is doing, it doesn't take a genius to say the car as the ultimate mobile device. they've been hiring car experts and sued by an electric car
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battery maker for stealing employees. stuart: i wonder how electric cars will do in the era of $2 a gallon gasoline. >> you've got to look at amazon and down three bucks today. this is interesting. one investment firm says amazon will overtake macy's at the top apparel retailer in a couple of years. and they want to stop them. it's such a great business model. we've got the jet coming into the market today, or at least they're firing up operations today. and so they're going to have competitions that you know they go from strength to strength. >> bank of america is paying 535 bucks for the stock where it's going. stuart: that's what they're saying on amazon. >> 535.
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>> you're coming in and buying at 484 amazon? >> you know the stock's been kind of parabolic here in the past couple of days and shot right up. i do believe though that they will beat when they report their earnings it's a stock you want to own and again, they're executing. stuart: all right. jared. we get it. sounds like a yes. i've got to get to ibm. their numbers really disappointed. to the floor of the exchange, nicole, how bad is the loss on ibm. it looked terrible. >> well, it was down further, off the lows of the day, but still down 4.3% at 165.54. in fact we talked about the fact of shaving 60 dow points to the negative side and they came out with revenue numbers that disappointed again, dropping 13%, for the 13th quarter in a row and how they're looking going forward. ibm you talk to the analysts and they think that overall that the stock remains muted
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and sentiment is muted and they expect there will be continued weakness in the area of softwear and technology services and the analysts are not touting it either. i keep saying this by the way, if you want an early start on the day you've got to watch us at 5 eastern and not see me no, lauren sandra and nicole you want to jump start the entire day. sandra: can't miss tv. stuart: at 5:00 in the morning? >> don't miss this. travelers report higher profits. catastrophe losses almost put in half nearly up 30 cents. the profit fell at harley better than the all-knowing analysts expected. up $2. 3 1/2%. more subscribers signed up with verizon their revenue disappoints. the stock goes down a buck. and larry levin, looking at money and gold bullion is dead
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money. what say you? >> people have been buying it all the way down. i think this is the trade to be honest with you. you can buy gold at $1100 and take it down to 1070 20 $30 risk there. i think this is the point to buy gold and i think it's going to go back up. five-year low is the headline today and people who bought at 13, 14,1200. they're not happy. they're going to average out or decide whether they're wrong. this is a good bottom here. stuart: ashley. ashley: i think it's a perfect storm for bearish news on gold. china news don't have much in reserve. we have a strong dollar low inflation and, you know we know the interest rates are going up. so all in all, it's going to go down more. stuart: go down more. sandra: i look at correlation from the u.s. dollar to gold. gold is priced in the greenback if we keep seeing the dollar go up gold prices go down. if you're going to buy a commodity commodities are down
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across the board. do your search first. stuart: let's move on tesla, where are we this morning? i believe that thing is down $10. ubs says sell it. all right. jared, come in what do you say? >> they've had a string of down grades starting in early july with deutsche bank and pacific crest. i think that tesla will have a valuation perspectives and they're a little rich. remember there was a lot of stuff values built in on the factories. you want to hold off on tesla and the shares are lower before they move higher. although i like the company long-term and i do love elon musk, i think it's fantastic-- >> i've been saying this for years, you can't forget greece a lot of us have, but you shouldn't forget greece. the banks have reopened. ashley you've come back. ashley: yes, the banks are open and still in play 65 bucks. but they are getting their
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banks recapitalized so they begin to think that by next sunday they'll be able to loosen up the capital controls. you can't send money out of greece. >> as soon as they open up to take out what you want to take out, they'll take out everything. >> they will they're very nervous. >> when tsipras came to power, then the country went then. stuart: fair point. obamanomics not working well. 22% of children in america lived below the poverty line in 2013. it was only 18% in 2008. your opinion, sandra. >> it's the very people that president obama has targeted with policies trying to help, but it looks like it's only hurting. not a good outcome for the united states. >> you want to get into politics and policy at the federal level? >> yeah i certainly will, because it's like you know a perfect example is i'll be
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honest here when i left the trading floor, you know i collected unemployment. i was so upset and stressed out the end of september 11th i was there and wallowing. i had enough to survive, i had no debt and i was sitting there and lacked motivation. when you sort of entitle people that are improverished, i'm going to keep you alive. we've talked about this many times you don't give them the drive to do more. sustaining life is the know motivating bigger and better thing. >> 39% of those living below the poverty line are african-americans. stuart: 39%. sandra: yes. stuart: everybody we're flat out of time. wish we had more. thank you one and all. in the 11:00 hour. former arkansas senator, her take on poverty, more now than
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in 2011. and tapper and donald trump. both reality stars. he could save the campaign. and ibm is a dow stock, and united technologies is a dow stock and the average is way down. the flag at the capitol half staff following the murder of five servicemen in tennessee. the flag at the white house, is it ill at full staff and people are starting to wonder why. we asked what a veteran of iraq and afghanistan what she thinks about that next.
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if you have severe kidney problems, are on dialysis, or have bladder cancer. tell your doctor right away if you have blood or red color in your urine or pain while you urinate. farxiga can cause serious side effects including dehydration, genital yeast infections in women and men, low blood sugar, kidney problems, and increased bad cholesterol. common side effects include urinary tract infections changes in urination and runny nose. ♪do the walk of life♪ ♪yeah, you do the walk of life♪ need to lower your blood sugar? ask your doctor about farxiga. and visit our website to learn how you may be able to get every month free. >> do not be too alarmed. yes the dow industrials are down 117 points, but two dow stocks, ibm and united technologies, they account for about 100 points of that big 114-point loss.
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go to the upside and you're looking at facebook. whoa, now it's at 97.86. it was 99 and challenging 100. it's down 6 cents at this point. as for tesla, ubs says sell that thing and it's down nearly $10. donald trump, now he's reacting to the des moines register's op-ed this morning which called on him to just get out of the race. ashley, what's he saying. ashley: he's issued a two-paragraph statement saying in part they will do anything for a headline that's the des moines register and has endorsement got them desperate needed ink. and the poll results are too much for them to bear. stuart: okay it's a caucus state. >>. ashley: yes, it is. stuart: we have not got a statement from the white house why president obama has not ordered the flags at half staff
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for those in chattanooga. at the capitol it's half staff. >> the flag goes to half mast for all types of other incidents around the country here and we have five servicemen who lost their lives i can't imagine why it's not lowered. stuart: here is what one of the mothers of those killed is saying. >> i'm angry and mourning the loss of my son. >> have you heard from the president? >> no. >> does that surprise you? >> no. stuart: joining us from providence, rhode island amber smith with concerned veterans for america, a former helicopter pilot in iraq and afghanistan. i take it you think that the staff, that the flag should be at half staff over the white house, do you? >> i do. it's an absolute disgrace that
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they are not at half staff right now and that the president hasn't made the order yet. i'm glad to see speaker boehner ordered it at the capitol. i think it's about time, but i can only assume that he was waiting for the order of the president of the united states to make that command decision as he should have immediately and unfortunately, we're seeing once again president obama leading from behind and not taking that stance as he should as the commander-in-chief. it's not only disrespectful to the marines and the sailor who lost their lives in this terrorist attack, but the family who is grieving as well and having to see their president of the united states not taking the lead on this. stuart: amber, i know that you were in combat in afghanistan and iraq as a helicopter pilot, you were there, you're in close contact to the members of the military serving that country. can you assess for me what is the morale of our military at this moment? >> well for many reasons
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morale inside the ranks. military is not high right now. we're seeing drastic cuts across the department of defense. people not too long ago were getting notices they were going to have six months notice to get out of the army find a new job move their family while they were still in consistent fighting a war. that's not how you treat servicemen and women who put their lives on the line including many more sacrifices. we come home and now we're seeing our servicemen and women being targets, blatant targets to terrorists and not being given or allowed to protect themselves the way they should? it's not very high morale in the military right now. stuart: amber smith as always thank you for your service and thank you very much for taking your time to be with us on a very important day for the military, appreciate it. >> thanks for having me. stuart: and then we have ashley madison, that's the website
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that helps you cheat on your spouse, yeah it's been hacked. could provide a treasure trove for dirty secrets for divorce lawyers. one of them will join us in a moment. ♪ with suspicious minds ♪ ♪ and we can build our dreams on suspicious ♪
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>> check it again. facebook hit a high ofinching towards $100 a share and now now it's backed off. >> nfl teams received part of revenue sharing, the total pool, $7.2 billion. only $3 billion in 2010. that's a lot of money, ashley where is it coming from. ashley: tv contracts. big contracts, cbs, fox, nbc, you name it up to $3 billion five years ago and that does not include money from ticket sales. so the nfl and salary cap around $133 million getting in 226 from tv alon. it's a very profitable business. stuart: sure is. ashley: the nfl is huge business in this country.
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stuart: 26 million. ashley: each time get a check, thank you very much. stuart: and then we have ashley madison, that's the website that helps you cheat on your spouse, yeah, it's been hacked millions of people's information may be released. if you're a cheater and you end up in divorce court, you could have a problem with this could you not? we have the divorce attorney joe cornell. this is the motherload for you guys, the absolute dream, manna from heaven and information on cheaters. >> good morning, stuart thanks for having me on. stuart: that's a yes. >> divorce courts have become more salacious places since the internet has gained momentum. but you're right, this information will prove
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valuable, but whether or not there's marital misconduct and in addition property is affected. and it can have huge consequences for people signing up for this. stuart: joe, this can have huge financial consequences up and down the line. i mean can you imagine? i mean the blackmail opportunities if you've go the this information on 37 million people, you can parcel this stuff out and make a fortune out of it of course you could. what about the lawsuits against the website because they said they would keep everything secured and they haven't. and this is a money tree. >> well it is, and you know, but the consequences for people who side up. they're under the illusion that many of them paid a $19 charge for a sort of profile delete provision if it worked at all. it answered to the content of the profile. the basic information, the fact that this individual was
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on-line searching for someone and the record of how much money was paid and perhaps some other details, those were likely not deleted. so, that's eventually going to end up as fodder for a divorce lawyer on the other side. >> joe, i have to ask you fast. if this information were available, it's not yet been released by the hackers and it was you'd go straight at it wouldn't you? >> well it would certainly be relevant, yeah, it comes into play in a lot of ways in divorce court. the courts are often impatient and it poisons the well in the minds of judges regarding marital misconduct and other factors and not to mention it often is a trail that will lead to additional information. >> all right, joe cordell with a healthy smile on his face this morning. we appreciate you being with us there sir. thank you. >> thank you, stuart. stuart: two live events and we'll be watching. first the father of murder victim kate steinle killed by
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an illegal immigrant, testifying to congress in the next hour. we're going to take you there live when it happens. and ohio's governor john kasich, latest republican to join the race he'll announce in the next hour and second hour coming up.
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>> 10:00 eastern here are the big stories at this hour. donald trump still fighting responding to calls for him to drop out of the race. the latest poll has him way ahead of the rest of the pack. if you look closely within that poll, his support is slipping big time. and john kasich will announce he's running. the 16th republican to get in. the el nino blame game. scientists say it could be the strongest on record. i'll be giving you my take on that. second hour "varney & company," it starts right now. ♪
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relax, relax, relax, the dow is down 114, but just new stocks are causing that decline. ibm shaving 60 points off the dow united technology 30 points off. down goes the dow. facebook hit a new high well over 99 approached 100 and off the highs now at 98.16. we keep a close eye on apple, always do. you have to. it sold 61 iphones in the last reporting period and we get the latest numbers, six and a half hours from now and the stock is pretty much dead flat in advance of the numbers. look at amazon price target went up. it's down $2 now, but it is very close to $500 a share. and then there's tesla. oh, downgraded by ubs, it's off $11 per share, 271 there.
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gold, down again, that's again near a five-year low. now this hour we're watching for a senate judiciary hearing on so-called sanctuary cities specifically, the father of kate steinle, he'll be testifying, that should be emotional testimony from the man whose daughter was murdered, allegedly, by illegal immigrant. that comes up around 10:40 eastern and we'll take you there. right now, let's talk about governor john kasich announcing his run for the white house about an hour from now. charlie gasparino is here who is going to say, i told you. >> on "varney & company"? >> that's better. >> months ago i beat the hell out of every news organization including fox news on "varney & company." stuart: you said he would run. >> i said he was likely to run, that he was basically-- you know it's funny, i said he's likely to run and you didn't read the script and you said charlie gasparino was here saying he's running. so i was right.
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[laughter] this is what i knew at the time and this was two months ago, i knew he was taking to fundraisers and telling he's going to need their support. stuart: i think that john kasich is a different kind of candidate, he's not a run of the mill republican. he's not. he's a profound christian, i know that for a fact. he comes across as a man of the people. >> blue collar guy. >> heavily ideological and success in ohio. >> one of the republicans have is attracting blue collar to the party. that's a key base that a lot of people said stayed home during 2012 when romney as you know the republican nominee, lost ohio, which is john kasich's state. i will say this this is kind of why he's getting in there. if donald trump can do tit. >> it's why and here is why it's a good reason to run.
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the republican electorate is clearly dissatisfied with what is out there and i think that part of donald's charm, if you want to call it that some of these guys are so melialmealy-mouthed and he comes out straight and john kasich is-- >> he's been fighting against people in his own party in favor of spending. to his defense he has said i need to help the poor there are poor people in my state who are catastrophically hurt by the collapse. is he a true republican and-- true conservative. ashley: he's too moderate liz: and medicaid money. stuart: is that your judgment ashley. ashley: i think he gets lost in the shuffle. even national polls have him 12th.
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stuart: what about the idea that you've got to move toward the center to win the presidential election being out on the far right, far left. >> i agree with that. >> i think he's ideological conservative enough. stuart: satisfy those on the right. >> he ran a purple state in a conservative way and i will say that he hasn't really run yet and this guy is pretty effective on the stump. he's very very politician liz: he turned around ohio. stuart: he's been running some ads that are effective. >> and he had worked here full disclosure, he had a show. stuart: by the way, donald trump is firing back at the demoines register. the register this morning put out an editorial telling him get out of the race. this is from donald trump in response. they will do anything for a headline and this poorly written nonendorsement got them some desperately needed
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ink. >> only donald can turn a national story into an op-ed in the des moines register of all places into a national story. who would care that the des moines register took a shot at donald trump. stuart: listen to this. >> he makes it into like a big thing. stuart: about an hour ago on this program we asked fred barnes is trump, should he still be taken seriously? here is what he said. >> i think we still should take him seriously. particularly republicans should take him seriously that 24% he got in "the washington post" poll, it's probably his peak, but here is what republicans have to fear and that is another part of the poll that shows that in a three-way race with donald trump running as an independent, he takes votes away from say, jeb bush like crazy. stuart: i don't want to spend too much time on a third party candidacy by donald trump, but do you think it's possible? >> if he thinks he can enhance
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his brand recognition. >> yesterday, i told you this. >> he has enhanced his brand by doing this wild dog stuff because people who know him know him as the wild dog that will say stuff and won't back down and that's why we watch the apprentice by the way. stuart: is he going to do a ross perot and bill clinton-- >> if he thinks he can make money. stuart: he's still leading in "the washington post" poll 24%. when it was taken, they started on thursday before his comments about john mccain. at the end of the polling period they were seeing a marked decline in support for donald trump. that's why i say he peaked on friday and decline started on saturday and i think he's in decline as we speak. >> he'll continue to get, as i pointed out yesterday, between 10 and 15% of the vote.
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stuart: okay. >> that will get him on the stage. stuart: i think that's enough with presidential politics for now. >> that's enough for president trump. stuart: we've gone uber. they want to debate new york city mayor bill deblasio, but deblasio says he will not do it. liz. >> deblasio wants to cap the number of uber cars in the city. it's a funky formula, something like 20,000 uber drivers, 13,000 or so yellow cabs. the yellow cab industry gives money to deblasio. and uber is fighting back. deblasio, your wait time will be 25 minutes for a uber car now because of deblasio. they're a multi-billion dollar corporation and behaving like a fat cat organization and-- >> did he say that-- >> he didn't say fat cat.
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he says that uber is multi-million dollar corporation and-- >> i don't like comrade bill deblasio, i call him comrade bill for a reason the new york city taxi industry is something they created. you have to medallions for the city. they think they have the exclusive right for street hales. he faces a legal case, a taking case from the medallion financiers saying he's screwing up this and they're-- >> he's inheriting bicycle paths and walkways that cause congestion, but deblasio says that they're causing congestion, but there are a lot of other-- >> that's the point he's trying to argue, clear what the story is, he will not debate uber in
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a public setting. >> there is no debate. >> ubercontinues forward and deblasio goes ahead and caps the uber drivers. he inherited a monopoly. stuart: i don't think you can get away from uber i haven't been they're a knockout. here is lauren simonetti. >> amazon now may be selling more clothes than macy's department store. amazon will sell $20 billion worth of clothes in the u.s. in 2017 and, yes, that would be more than macy's. one reason why, amazon offered a selection of items and they don't have all the brick and mortars to pay rents on.
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if you use the on-line services of costco sam's clubs and rite aide and others you're going to see a warning, that the vendor may have been hacked. that could put your pictures yep and even your financial data at risk. the main websites and the in-store photos are not affected, at least not at this point. and the sequel to harper lee's book, to kill the mockingbird "go hit a watchman", the fastest selling and if you look at the wildly pop already taylor swift al aum 1989, it's comparable to something that the music industry does. stuart: it's very very different from the original book. an entirely different point of view and still set a record. don't forget tune in every
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morning weekdays at 5:00 in the morning. come on, california, get up at 2:00 in the morning. they're just getting home. >> just getting home. [laughter] some of us have been up a couple of hours at 5:00 and not most. i start my day like that. amazon prime gets a rival, it's now open for business and we are checking it out. plus, the presidential crackdown targeting dishwashers the machines.
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>> we're awaiting the senate judiciary hearing on sanctuary hearings. and the parents of kate steinlele will have some emotional testimony and we'll take you there when it happens. a record high yesterday, down a bit today, but look at three stocks which have been making
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the running for nasdaq. facebook, amazon apple, a couple more i could chuck in there. come in market watcher, james, this group, this is investing in 2015 those stocks. >> it's troubling that all the gain in the nasdaq is driven by a small number of stocks. it's good to broaden out or they'll go down. i think it will broaden out bus because you have mergers and acquisitions, it will end badly and eventually get overvalued and i'll tell you how that could happen. stuart: that's a long way away. >> you don't know there's speculation in private value, companies are not going public they're raising privately. stuart: that's uber and that's air bnb. >> here is how it could affect the public. one of those eventually may try to go public and the last round
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of buyers may end up losing money and i think that will be the reality check, but that's for later. stuart: that's for later, i've got that. i understand where you're coming from. i look at this market and i think where are people the individual investor? the only place they're investing is in a handful of big name tech stocks. >> they're playing with fire. stuart: maybe so, but that's attracting all the investors. individual investors who put money to dupont. >> i got a nightmare call for a client, you don't have me in the sexy names and historically that's a sign of a top, but again you don't bet against it, because it could have further to go. you're supposed to get more risk averse and not-- >> you're cautious on this. >> you don't fight them you don't short them. you respect what's going on and you reduce your risk as they go up. stuart: i've got to ask you about gold. five year low.
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is it dead money to put money into gold bullion? >> yes, gold typically does well during chaos or high inflation. >> wait a minute we had greece and china i thought gold was a safe haven status. >> the markets said that they could kick it down the road and that's why gold did not go up. they're betting that the chinese can handle the problem. it doesn't mean that it might not happen, but it's a benign environment. >> james it's a long time since it's on the show. be careful of the tech stocks and have money in gold. it's great to have you back. james hayward, everyone i've known this man for 30 years, you're all right. >> we go way back. thank you, james. >> my pleasure. lots more of earnings news comes up at 4:00 this afternoon on this network. the program is called up after the bell.
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they'll break down the companies apple, chipotle at 4:00. watch it. amazon prime faced with a new rival it actually launches today. it's kind of a club you pay 49.99 and you're in a bit like prime. look who is here. digital editor in chief, jerry mckaplin. people say this is going to be a rival to amazon. i don't believe a word of it do you? >> that's what they're claiming, that's their plan that's their vision and it's hard to take on a company like amazon which has incredible value and incredible name recognition and that's where people go these days. are you suddenly going to go oh, here is they're going over there? it's tough to be that company that does that. >> have they just created buzz out of nothing or is it something-- i mean they created buzz over 220 million. >> but they're worth 3 billion and only just started actually moving product today.
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here is what i think is wrong with this company. 20 years ago you wanted to buy something, you went to a store, you went to macy's and stop and shop and whatever and 20 years ago you went to an or stop and shop. today isn't there something different? i think this company is harkening out to an outdated model of shopping. i don't think they want apps or a completely different experience. >> if i want to buy something, you're right, 20 years ago i went to the mall and ten years ago to and like me i go to amazon where do the youngsters go in the future? >> i think everybody should go to and you're going to make money and they're going to lose money for the long-term here. we're going to buy from wherever, directly from our-- google is going to shop directly from google. that came last week. >> a whole lot of shopping. >> i'm walking around with my
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iphone here and i think, oh i like that. bingo bingo, bingo, i bought it on my phone, not from the store where i saw it i said hey google, i want to buy it. >> and is that how it's going to work that's the future? >> yes. >> you're going to say, google i want to buy that buy it. >> that's how it's going to work. i met with some high ranking officials i drank the kool-aid and it was delicious. stuart: did you see this? >> i is a you a demonstration and i saw it happen. stuart: google i want to buy it. >> there's contextual questions and give me competing products. ashley: that's amazing. stuart: you buried the lead. the lead was not or amazon. the lead was pick up the phone and say, google i want to buy that. >> it's not just google. i think that google is one company doing this it's just that retail is changing right
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now right today liz: there are too many words to put that into the lead. stuart: exactly we get right to the point on "varney & company." glad you did eventually. jeremy, you're all right. thanks indeed. >> a pleasure. stuart: get ready for el nino it's supposed to be the hottest ever, strongest ever and vinylists -- environmentlists are going to have a field day with it. and he says that climate change created isis. details next.
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>> another big name tech stock that we follow all the time google up a little bit today and again, closing in on $700 a share.
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here is comes, el nino. you are going to be hearing a lot about it climate scientists quoted in "the washington post" suggest it's likely to be the strongest since the record year of 1997. el nino is a warm weather that moves across the pacific and elsewhere. all right. this almost ensures that 2015 will be the hottest year ever according to "the washington post." mudslides, flash floods on the way for california. i'm not a scientists and i'm not contesting their findings, but i am going to predict how el nino will be used by the politicians and they'll say that the strongest el nino in years is as a result of climate change. conveniently, the big u.n. climate change conference in december, extreme el nino weather arrives just in time for the conference.
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now president obama, he's already agreed to use your money to help other countries adjust. and he's agreed to more strict rules for us. while china, rather can keep on polluting at levels for another 15 years, we have to cut back now. just wait for the next storm or flood or any unusual weather, that's el nino they'll say, global warming. we've got to sacrifice and we've got to save the planet and you'll be hearing this by the end of this month. that's my take okay we have janice dean she knows el nino and she is the weather machine and she is next.
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the tree into keeping a close eye on the sanctuary city hearing going on in washington. the suspicion that judiciary
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committee. her father case family was murdered by an illegal immigrant earlier this month will give his opening statement and you will see it when it happens. big or near the lows of the day dropped by a big drop for ibm and united technologies both of which are down. a couple moments ago i brought you my take on el niño. scientists predict in the strongest niño on record this year. here's my prediction. politicians will use this to forward their green agenda appeared fox news meteorologist janice dean is that the spirit is there a connection between a strength main el niño and what we are told is happening now in global warming climate change? >> coming out as a warning that the pacific waters which changes weather patterns. you know what happened? it is exactly the opposite and
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if our guard a balance in wind. stuart: it is a strong el niño. >> we don't even know yet. it hasn't happened. stuart: the "washington post" already says it is comparable to the record el niño in 1997. my point is the politicians will say that as climate change. is there a connection? >> politicians have said we are going to have bigger more destructive hurricanes. we've actually had a tornado drought over the last couple years. have you seen wildfire video lately? are they saying that is a product of climate change? albeit the quieter season we have had. of course they will blame climate change on big weather events. el niño does happen. we have weather records the date back 100 years. how long has the atmosphere been in effect? stuart: at a politician says
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that the big el niño in the we've got california. we've got to take action to save the planet. >> they always put a disclaimer on the surveys. a lot of a lot of these moderates can simulate the key aspects of climate like carpooling, feedback assertions. i kind of think we are not giving our own climate our own atmosphere. tree into a strengthening el niño. >> asked me in 100 years. stuart: on a somewhat similar vein candidate martin o'malley and he knows what is caused isis to rise to power. >> one of the things is the failure to nation status area and the effect of climate change in the mega-drought that affected and led now to the
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extreme violence. stuart: let me repeat that. the rise of isis was the effect of climate change. >> what he's saying is basically climate, global warming led to a big drought in the middle east. and mega-drought as he put it that wiped out farmers and drove people from the outside areas into the cities where he created a humanitarian crisis that led to the conditions that create at isis. if that is in a stretch i don't think i've ever heard one. >> it's never been scientifically proven. stuart: is not a contradiction of what he said? >> right now he's basically according to the fact that climate change is man-made. this is a flip-flopping is jumping on the president about ms. bandwagon telling climate
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change to national security issues when in march he told abc he specifically told george stephanopoulos that global warming is natural, naturally made. >> some kind of extreme weather events and the politicians will say told you. that is climate change, global warming. go to the paris u.n. conference to say we've got to pay. sacrifice, boys. >> watch that rhetoric amp. stuart: pope frances will play a role. >> is coming in september. watch for that, too. stuart: i wonder if he will talk climate change. i look at the price of gasoline. to 75 today. look at california on the right-hand side of your screen. californians have to pay way more than a dollar per gallon extra for their gas. i say that green is hard to
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blame. let's see what radio host larry elder says joining us from california los angeles to be precise. are you guys sick and tired of this by now? you got to pay huge amounts of money and you've got a huge drought. i tired of this yet? >> i wish i could say people are tired of it. there is a single republican elected statewide. he think at some point there would be reaction and you are right we have a special blend in california. it doesn't have the additive environmentalist political effect underground water. we have an aggressive cap and trade program by the year 202030% of her energy has to come from renewables. by 2050, 50% does. and then we had a gasoline tax higher than the national average. added up is the perfect storm for a dollar more a gallon in california than the rest of the
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country. stuart: be you handle incoming calls by the thousands. what do they say? people are sick and tired of this in california? >> not enough. my listeners tend to be more conservative and libertarian. this is california. the environmentalists run this place and you have all of these assaults on energy, nuclear power and they produced a handful of the fuel. when one goes down the prices go up. added up as a perfect storm for much higher prices or people in california. i don't know what you drive and i don't care but when you drive around los an and -- >> at an american car. i buy premium and pay $4 a gallon. there are places where people save $5 a gallon.
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you would think at some point people in california would say maybe we have to rethink this and draw progressives. california is considered to be the worst place to do business by ceo magazine. for eight years in the road. stuart: tell me about the price of a city that you pay. i do know the prices of electricity are going straight up in california. i want to know if you noticed it yourself. this is by design. obama's first energy secretary said we should get prices because they want to wean us off of fossil fuel. this is all that is mine and the environmentalists said they want to wean people off and in order to be they will pay more and the renewables. they are more expensive.
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i am curious how this plays out. now paying the price for that. i want to see where it ends there. larry elder i want you to come back and tell us when this long nightmare is coming to a close. baby, come on back. >> no time in the near future stuart. stuart: come back anyway. time for the sector report. we'll be watching today. you guys talk about energy gasoline. kind of pick it up in her energy which was interesting. exxon, chevron, all of these guys trading higher. as technology stocks, internet stocks. these are the guys we watched it in particular. apple coming in after the bell. how many watches did they sell? facebook and amazon, go pro all
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the companies down today. google 696 390. maybe technology stock of the day. here it is once again higher. stuart: she said the word novel. watch out for the buzzer. president obama turning to the kitchen for the next crackdown specifically dishwashers. we will have the story for you. treasure for sale. find out what 20 century items are up for auction. ♪
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ask your doctor about cialis for daily use. insurance coverage has expanded nationally and you may now be covered. contact your health plan for the latest information. >> i am nicole petallides with their fox business brief. united technologies, s&p down four. nasdaq down six. also watching the gold stocks. moderately down about 20%. you do see recouping losses. also 2% 3% respectively. harley davidson. sales year-over-year have been weaker. they didn't outpace the estimated 3.6% to the upside. coming to an agreement with funders and reducing the debt
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and the stock is also high up to about 13% right now. get your day started right here on fox business at 5:00 a.m. with me sandra smith, lauren said gennady on "fbn:am." we will bring about the news you need at 5:00 a.m. these two oil rigs look the same. can you tell what makes them so different? did you hear that sound? of course you didn't. you're not using ge software like the rig on the right. it's listening and learning how to prevent equipment failures, predict maintenance needs, and avoid problems before they happen. you don't even need a cerebral cortex
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to understand which is better. now, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized. stuart: i will take you right now to capitol hill. we have the father of kate's timely about to testify. let's listen in, please. >> it was beautiful kplease. >> it was beautiful, kind happy, caring, loving, deepened faith. kate had a special soul, a kind of giving heart, the most contagious laugh and a smile that would write up a room. kate love to travel, spend time
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with her friends and most of all spend time with her family. in fact the day she was killed we were walking arm in arm on pier 14 in san francisco enjoyed a wonderful day together. suddenly a shot rang out. kate fell and looks at me and said help me dad. those were the last words i will ever hear from my daughter. the big kate died, she changed her face the cover photo to a saying that's bad whatever is good for your soul do it. that truly describes kate spirit. after graduating from san luis obispo, she went to work for a title company and save her money so she could be the world did she travel to spain thailand,
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amsterdam, dubai, south africa just to mention a few. she even made her way to the slums of dubai, india to reach out to friends mothers and nanny. she spent time at the woman's family and came back a changed person. everywhere kate went throughout the world, she shined the light of a good citizen of the united states of america. unfortunately due to disjointed thoughts and basic incompetence on many laws, the u.s. has suffered a self-inflicted wound in the murder of our daughter by the hand of a person that should've never been on the streets of this country. i say this because the alleged murder is an undocumented immigrant who has been dead at seven felonies in the u.s. and already deported five times. yet in march of this year was released from jail and allowed to stay here freely because of
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the legal loopholes. it's unbelievable to see so many innocent american killed by an undocumented immigrant felons in recent years. we came across a statistic that said between 2010 and 214121 criminal aliens who have enacted deportation case at the time of release were subsequently charged with homicide related offenses. think about that. 121 times over the past four years an illegal immigrant with prior criminal convictions that later went on to be charged with murder when they should have been deported. that is one every 12 days. our family realize the complexity of immigration laws. however, we feel strongly legislation should be disguised enacted or changed to take these
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undocumented immigrant felons off of our streets for good would be proud to see kate's name associated with some of this new legislation. we feel escape on saves one daughter, one son a mother, father, kate's death won't be in vain. >> thank you, mr. steinle. and now chief major. stuart jim steinle, father of kate steinle, murdered by an illegal immigrant and cisco. you may have seen the hide jim steinle the mother of kate. she was in a blue dress and you could see the anguish and horror on her face throughout her husband testimony. sanctuary city is the issue. back with more in a moment.
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stuart: 30 years ago american treasure hunter mel fisher discovered the sunken trucker of the most famous number of spanish plate that sank in 1622. what you're looking at our items found on the sunken ship brought to the surface and are going up for auction on august the fifth.
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look who is here. our friend from the auction. to me this stuff has an under the ocean for years. you're auctioning it off. >> the most passionate accomplish treasure hunter. once discovered thousands of pieces had to fight for his rights retain the material to the supreme court. there is a chalice. it is beautiful. >> almost pure gold. hard to put a number on this. stuart: but it's been under the ocean for four years. that's been under the ocean? >> obviously cleaned up.
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a beautiful cross here with emeralds embedded in it. wonderful treasure. stuart: there is one point i want to add yet i don't know who is selling this but you told me the money will go to put defibrillators in high schools all across the country? >> mel's widow to laura's time of the most special items went to her and it is her family since her passing that is decided to sell these with a good part of the money to put defibrillators into high schools they had lost a son aged 12% had there been a defibrillator at that moment he might be alive today. it has been the passion of the fisher family to get this done. that is a commendable thing. stuart: all of the items will be sold at auction in all of the money from that auction. >> not all of the money.
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a substantial portion of it. stuart: all of these items. >> and a hundred more. stuart: that is extraordinary. i am not so on of the price of the half a billion dollars is extraordinary. i'm in awe of the idea of some and that's been under the ocean for 400 years. >> he was on the trail for decades. they had found one example of something they believed they might someday discover. he was very thorough in checking charts in the 1600. they said doggedness pursued. one of his sons made the mother lode discovery. the biggest in the 1980s was all over the news. i certainly recall that. many documentaries on television. he was quite a guy. stuart: at osha is the name i
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remember. but i am told maybe there is another mother load down there. stuart: what are you doing next week? >> it is just fascinating. when is the auction? >> august the you can bet live online. for all the information. stuart: these auctions will track a lot of attention. >> it is the kind of stuff dreams are made of. stuart: we thank you very much indeed. we appreciate you being here. i say support for donald trump is falling. you will get my taken a moment and the reasons why i say this at the top of the 11:00 hour. in the next hour all high-dose governor john kasich will announce his presidency. we will take you there when it happens. our three of "varney & company"
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is three minutes away. hi my name is tom. i'm raph. my name is anne. i'm one of the real live attorneys you can talk to through legalzoom. don't let unanswered legal questions hold you up, because we're here we're here and we've got your back. legalzoom. legal help is here.
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stuart: well. a lot of you disagree with my take on donald trump. a lot of responses on facebook. i'm going to bring you just a few of them. tim, first of all says, stuart why is it okay for you to attack trump in the exact same manner that he attacks others? i don't think that's correct tim. i did not attack him like that. jarrold writes this.
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why do you allow your guests to misquote and misrepresent donald trump's comment about senator mccain? i don't think i'm doing that. and fred barns from the standards, he backs up our viewers to a point and says we still need to take trump seriously. listen to this. >> i think we should take him seriously, particularly republicans. in a three way race with donald trump running as a independently, he takes votes away from, say jeb bush like crazy . stuart: how about this? the latest washington post shows trump with 24% of the vote 13% scott walker, 13 for jeb bush. a lot of his votes if he will off after his comments from the mccain comments. and later bar rescue john is here. does trump's campaign be need rescuing? if there's ever a man to do it it's john taffer. now this.
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all right. that's trump. and john kasich. the republican governor from ohio joining the race later this hour 37 washington free beacon joins us now. okay. he's going to get into the race, and i say he's a different could i have conservative. i think he's a man of the people. i think he appeals to blue color people, what say you? >> i think that's a fair second amendment. i think definitely him getting into the race this late is going to be an uphill battle for him and getting on the debate stage on august 6th is going to be a challenge. i mean there's only ten candidates that are going to be on there. and it's in his home state that's potentially a big blow for him early if he doesn't manage to get his poll numbers up . stuart: am i right in saying that john kasich is right in the middle of the republican party right there? >> yeah. i think he is. he's definitely a budget hawk, which i think a lot of
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conservatives would like. he was responsible for giving credit for balancing the budget in the '90s. earlier turned his state around in ohio, a huge deficit, $8 billion deficit into a surplus. there's aspects of his record on the budget issue that people will like but conservatives will not like his accepting medicaid expansion and obamacare and defending that decision. he's kind of -- they do like his chris mathat you know he's kind of like a chris christie. he doesn't, you know, hold back. he says what he has mean, and that's also attractive. but for some of these decisions like the medicaid expansion, conservatives would be turned off by that . stuart: i think he's the guy that wants to turn the growth and prosperity. right after the supreme court's ruling of gay marriage, he said get over it. move on. that's the part we've got to get used to. move on. get used to it.
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i think that will draw a lot of support from mainstream republicans. >> well, yeah, and his ohio record is impressive. i mean he's very popular governor. he's the highest sitting governor that's entering this 2016 race with approval at 60%. i mean he has a lot of attributes that people will like. and if he can get the conversation about, you know, the debt over regulation, you know the economy is doing you know, poorly. if he can get the conversation about that, that would definitely help him, and he has a lot of points that he can say and a record to back it up . stuart: okay. liz real fast before we close here. i just came out on a opinion of donald trump, i say he's beginning to fade, what say you? >> i definitely think he's going to fade. i mean at this point last cycle i think it was herman cane who was up in the polls. it's really early and his comments are going to keep getting into trouble . stuart: do you think then garb
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it's so early and you think he might fade, do you think his damage to the republican party will be limited? >> yeah. i think so. it's a really crowded field. we're still really far out. i mean he gets headlines right now, but i think people -- once he starts to fade, people will forget about him and focus on the more top tier candidates . stuart: yeah. let's focus on prosperity let's have 4 5% growth let's have prosperity that will bind us all together. wouldn't it be nice if we get back to that liz? wouldn't it really? >> yeah. i think we should be talking about issues that are really a lot more important like you say. foreign policy, stuff like that. we don't need to be talking about comments that donald trump makes for three days in a row . stuart: i'm sorry. i'm going to insist. i think we've got to get back to prosperity. we've got to grow the economy and let everybody share in it. that's what's it's all about. that's what we've got to do with this election. ten seconds. >> i agree with you.
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i think that's an important issue and that's what we should be focusing on, you know, real issues . stuart: okay. we've got it. liz, thank you very much indeed for joining us at very short notice. thanks for coming on board. >> sure. stuart: check the big board. this is the low today. down almost 1%. 192 points and now we're at 17.9 and there are two stocks that have caused this triple digit for the dow. ibm, $9 down and that's about 60, 70 points off the dow and unity technology down 8.65, and that's 45 points off of the dow. so the chunk of the dow's loss is by those two stocks. and then facebook. it did hit a new high, 99.24 earlier -- excuse me 97.27 right now, but it did approach $100 a share. i'll be watching that.
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amazon ups raised its price target but it has come down a little bit now. $5, but it was close to $500 a share just a little earlier today. tesla, uh-oh a downgrade and down it goes $14. as for the price of gold, well we brought you this throughout the program today. you're looking at a near five-year low. it dropped below 1,100 yesterday. 1,106 per ounce right now. we've got to talk apple. you can't ignore, apple, can you? we've walked up to earnings. we don't do that on this show. but with apple you you kind of have to. >> you kind of have pop about $1.80 per share, but the two metrics you should can a care about. the iphone and how will it did or how badly it knew, we're expecting to see 49.9
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milliunits sold . stuart: hold a second. last report three months ago they sold 61 million iphones in a 13-week period. >> huge . stuart: and you say they're only expecting 49 million in this reporting period? >> and here's why. transitionally the third quarter is very slow for apple, and it's not a big time when people are getting their new iphones when they've just released or a holiday season, which is going to be the following quarter; right? so it's typically down. but even if they hit the 49.9 million iphones that's still up a percent from last year. so it would still be significant growth when you compare apple's to apple's. >> and then what about the watch? >> we are expecting the -- the economist i've talked to are expecting a relatively decimal number, . stuart: what's a decimal number? >> it really ranges right now. 3.87million would be expectation. so if they don't meet that and
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they're saying the sales may have dropped off 90% since the first initial -- >> yeah. stuart: i'm almost out of time. i've got to say this. at 4:00 this afternoon apple comes out with its earnings. >> yeah. stuart: and i should be watching for. did they sell 49 million iphones or more or less. >> uh-huh. stuart: did they sell 3.8 million watches or more or less. >> exactly . stuart: and i determine whether or not to buy or sell on that number. >> yeah. stuart: and it's not going to be on the global report, it's going to be broken out in a category. >> never clear. >> we will have every detail, and i'll break it down for you at 4:00 when it comes out . stuart: i'll be watching. >> thank you . stuart: new this hour. another explosive planned parenthood video. more on this. >> stuart, this video shows a negotiation between some under cover activists and a planned
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parenthood executive where the planned parenthood executive jokes about having enough money from this transaction to buy herself a lamborghini. >> thank you for giving me 800 a year and -- >> frank with priests for life said about planned parenthood this morning that quote in the light of what they do to kill children and sell their parts it is clearly immoral to give any support or transact any business with planned
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parenthood. the clip there is the morning is set at a restaurant, the executive even ties the price of tissue to the volume of abortions first term versus second term, $100 between $150. plant parenthood, though, doesn't think they've done anything wrong. they've been clear that they sell the tissue, and it appears that will only people who have broken laws are the extremists who have been hounding women and doctors for years. so basically planned parenthood accusing activist of illegal recording and deceptively editing clips to make the health care provider look bad . stuart: you have to shake your head at the callousness right there. >> it's so interesting stuart because no matter what side of this issue you're on, these videos have disturbed most americans . stuart: yes. >> it's a poor -- inhuman.
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>> but she talked about the consent. and so did peter about the consent issue. so if these women knew this is what was happening to the tissue that's up to debate. it's a very, very sensitive and horrific story . stuart: it surely is. all right. some surprising -- one might say shocking. but certainly surprising statistics about the number of young children living in poverty right now in america. we'll have that story in a moment. also coming up. the obama administration latest target. your dishwasher. they use too much water. we've got the report for you. and we're waiting john kasich's presidential announcement about 20 minutes from now. you'll see it can a business have a mind? a subconscious.
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a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive?
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about . stuart: i believe this is a low for the day. we're down almost 200 points. that's over 1%. individual stocks in the news. holly davidson, yes it shipped fewer bikes and it's the strong dollar hurt international sales. but profit was still better
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than the analyst expected. so up she goes by $2 a share. verizon, size up more subscribers, relative disappointing though it happen hit a six-year low. that's not good. down she goes. now this. the home appliance industry has a problem with the new dishwasher regulations which includes the limited amount of water a dishwasher can use. the story is very simple. these new dishwashers that use less water don't clean the plates. >> they don't. and let me show you the reality here. let me show you the picture of the plates that the manufacturer -- yes, this is -- they tested this new limit. 3.1 gallons per dishwasher. that's the result you get. so what happens? you end up using more hot water, more energy, more water. stuart: you rerun them. >> i don't want to go back to hand washing dishes.
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and the government wants to send me back there. do you see a problem? . stuart: i see a problem. i remember dealing with toilets. they want to use less water for the flush, it didn't get rid of everything, so they flush it twice. >> well, they just did this two or three years ago; right? >> this is the fifth change in regulations. >> dishwashers? >> yes. >> ridiculous. >> it's begin down to 5 and then now 3. and normally they have a conversation about what's possible. they didn't assign, they just slapped this on the industry . stuart: but gerri we've got to save the plant. you can't go on saving water willy-nilly. it's a good story. oh lord. now a disturbing new report. which shows more american children for a living poverty now than back in the great recession. the poverty rate has gone from 18% in the recession of '08 to
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22% now -- well, actually in 2013. and now senator democrat i believe; is that correct? >> that's correct . stuart: arkansas? >> yes. arkansas . stuart: okay. this is not good news. after all these years of all this money spent by president obama, funneling out the handouts all over the place, we found a number of children living in poverty has gone up. what's going on? >> it's horrible. and it's not just obama. we've been on this trajectory for a while. but the biggest focus we have to have is on the economy. the way to get these children out of poverty is to put their parents to work . stuart: yes. >> and make sure that the parents have time to deal with their kids provide the nutrition. but, you know. stuart: you are a democrat. >> i am . stuart: you are in congress from what? 1999 to 2011. >> '92 to '96 . stuart: you were in the senate when these policies by president obama were being put into place.
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>> different policies. now, there's some of them -- you're talking about sensible regulations here about dishwashers. i'm all about that because we've got to be able to be competitive and create good middle class jobs . stuart: why didn't the administration, why didn't the democrats in the senate. >> uh-huh. stuart: go for growth? grow that economy? why didn't you do that? >> i did . stuart: no, you didn't. we haven't grown. >> everybody just walks off the ledge. they don't. i'm not there anymore because i didn't walk off the ledge. so the fact is that you're exactly right. we need to start finding consensus. we don't need compromise, we need consensus . stuart: we need tax cuts. >> oh, please. i'm not saying that. they're not always the answer to growing the economy. well, one of the answers would be more sensible regulation so businesses can produce and be competitive . stuart: how are you going to grow the economy if you don't
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cut taxes and give us more of our money to spend again? >> you know, i voted for the first tax cut under bush, i didn't vote for the second one. i think there are reasonable places we can do that. but we have to focus on our kids because the fact that the numbers that you're talking about here and kids living in poverty in this nation is inexcusable . stuart: don't spend more money on it. spend less money on taxing people. >> well, what if you want -- you're going to have to pay for it if you cut taxes. you cut the taxes, and you're going to create some jobs . stuart: if you cut taxes shortly down the road, you will grow the economy grow jobs and grow the revenue to the central government. that is the view of history. that's what happens. >> trickle down. . stuart: cut taxes first. >> uh-huh. stuart: that's just a expression. >> you know, i don't think there's one single solution. i don't disagree with you that our tax policy has got to create industries in this country that can be competitive globally and they can create those middle class
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jobs. but also thank regulations whether it's dig washers or look at the o zone we're looking at, the president agreed president obama the economy wasn't strong now and now they're going to reduce those owe zone levels . stuart: it's not going to grow at 4%. come on. you know it's not. >> well, i think sensible regulations, i think reasonable tax structure, all of those things already help kids. but there's no doubt that there are too many children in this country. let me tell you. . stuart: too much tax. >> what i was able to do in 2010 working in a bipartisan way to pass a nutrition bill for kids. first time since '73 . stuart: i've got a hard break ten seconds way away.
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thank you very much indeed. i appreciate it. if you've got $11 million lying around. try buying bob hope's house. get to that in a second ♪ if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. share your summer moments in your mercedes-benz with us.
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stuart: we are about to join governor john kasich in ohio where he's going to announce for the presidency of the united states. guess what music they have been playing at that meeting that you're looking at right now? hang on. apparently we're told that that is the official rock song of the state of ohio.; is that correct? the official rock song? >> of the state of ohio, yes. stuart: so they're playing it? >> yeah. there you go. . stuart: i'll give you a few bars myself. >> some producer just said that. >> there's no way. >> no shame in that. >> there's no way they came up with hang on snoopy. is it snoopy? there's no way that the producer . stuart: all right. we're going to break away for a second. we'll take you back to john kasich when he announces. you'll see it. but right now i've got this for you. if you're looking for a deal on the california property,
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bob hope's estate. got a huge price cut. now it's a sprawling place and going for half the original asking price. 22million down to 11 million. what's on this property? >> it's from 20 million to 11 million, but bob hope, the main house is 14,876 square feet. he was -- as you were just saying in the commercial break originally from england. it is english style. it was built in 1939 for the hopes and they refurbished it in the '50s and -- stuart: i'm sorry but look at this everybody let's take you right there. the man in the blue tie is john kasich. he's the governor of ohio, and he's greeting the crowds and stepping into the mic and going to announce momentarily that he is running for the presidency. listen in. >> well, listen. standing here with me of course are the people who i've dedicated my life to.
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my sweet daughters emma and reece. you know, i remember when they were born. do you remember that, sweetie? [laughter] i kept saying to the doctor how is it going, you know, and he's trying to delivery two and finally he looks me square in the eye and he said can you shut up? i'm a little busy right now. and they came out, and i could hold them in the palm of my hand. it was so sweet. and so i along with karen have dedicated our lives to giving them a better life than we were able to ever get from our parents. and you know what) doing doing fantastic. emmy and reece and my wife. pray for her.
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he's married to me. from the from the very tips of my toes to the top of my head, i just love my wife so much. such a great partner. so i want to tell you it's the whole business of the american dream, isn't it? that we can all work to make sure that the next generation is going to be greater than what we received. and i get my inspiration from the people who came before me. and i want to tell you a few of the ones that inspire me. i would like to start with my uncle steve. uncle steve was a tough guy you know it is ton of a coal miner. rough and gruff and tell it like it is, and he found
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himself ate at, and he looked around during that battle, and he saw a lot of people dying. uncle steve was not a church going man. but a middle of all the violence and the blood and the death, he said to god if you will take me off this island, i will go to church every day for the rest of my life. and he did. and he did. and uncle steve. [clapping] when uncle steve came home from the war the brothers all slept in the same room. they didn't have a lot. and uncle george told me that he would have nightmares, and he would speak in japanese. and he told his brothers never wake me. never wake me from that
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nightmare because i don't know what will happen. let me sleep and wake up on my own. and uncle george, he's here today. he's right over here. he's 89 years old. [clapping] i so love uncle george. he's a patriarch of my family. well, uncle george was in the infantry, and he was scheduled to take a boat from england to belgium. but the division he was in accounted all fit in the boat. so they asked uncle george to wait until the next day. well that boat left england on its way to belgium and a
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submarine surged a torpedo and everyone on it pair i should. the next day uncle george took another boat, and it landed in france. and he fought with great honor and he returned home and became a guidance counseller and guided young people for the next 38 years of his life. what a man. [clapping] when my father-in-law -- we call him popsy grandfather joined the marines at the age of 17. wanted to serve his country. but i guess my most important mom and dad. and my mom was a visionary. she didn't get the education. you know, her mother could barrel speak english. but, boy, was she smart.
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and if you think i have opinions, you never know met my mom. [laughter] and my father. the mail man. they called him john the mailman and there were countless numbers of people who came and said john the mailman, he watched out for all of us. and they gave up so much -- i wish they would have spent more on themselves, but it's just no matter what you told them, they weren't going to do it because it was all about the next generation. and they're the ones that have inspired me. and all of you that are here today. you're the same way aren't you? you've got those people who did so much for you who are your heroes. they don't have to be famous. they're just people you love and that you admire. that american dream is pivotal for the future of our country.
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but i have to tell you there are a lot of people in america today who are not sure that that american dream is possible. that that american dream is alive. and i can understand their concerns. you know, when i was a kid, you went out and you got a job, and you worked at that job your entire lifetime. you got your health care, you've got your retirement and everything was good. today you could be a 51-year-old man and one day after serving and doing everything the right way somebody walks into your office and says i'm sorry but we don't need you anymore. can you imagine that conversation? could you imagine that dad when he's driving home or that mom when she's driving home? they lose confidence. they wonder what their future is. can they get another job? can they support their family? will anybody be there to help
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them? or how about moms and dads today? they send their kids to college. many of these young people bringing up massive amounts of debt trying to get an education. and they're living in the attic and mom and dad are wondering will they get a job? will they pay their bills? what kind of future are they going to have? or at the same time we can also think about what all of us fear greatly and that is the problems of bad health. can i afford those expensive drugs that i need to survive? what is it going to cost me to get treatment just not for myself but for one of the loved ones in my family. will i be corrupted and lose everything i have? everything i've worked for? it's a real fear. or the fear of the tsunami of
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drugs. it's everywhere, isn't it? kids are here, and there are many of them. don't do drugs don't put that 1,000 pound pack on your back, but all moms and dads worry that those drugs are going to wash away our own neighborhoods and maybe wash away our children. and how about those that struggle to make ends meet? there are some people who just say, oh, just work harder or pull yourself up by your bootstraps. i believe in all that. some people just don't have the fortune that many of us have. they struggle. they struggle for a whole lifetime and they worry that can they rise? can they pull the rest of their family members up the ladder? the promise of america, and they worry about it.
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or how about if you're a member of the minority community, an african-american. you wonder the system i think sometimes doesn't just work for me but sometimes i feel like that system works against me. you think about the troubles that many of our african-americans still face today in a world where we have worked to provide equal rights and opportunities. sometimes they're not so sure, and i don't blame them. or how about all of us? we pick up the paper. it's chattanooga. it's fort hood. it's isis. are we safe? are we going to be safe to go to the mall? are we safe to leave our homes? these are the worries that many americans have.
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but i have to tell you is serious as these are, and they are very serious, we've had a lot worse. much worse in this country. think about it. the civil war. do you remember reading about it? i mean it's not just neighbors fighting against neighbors but it was even family members. fighting against one another and killing one another on a battlefield right in america. how about the racial violence that we experienced in this country? the early days of television when they put the dogs and the gas and the batons and people of another color. where many of our families never came home. leaving widows and children without a dad.
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for the depression. the depression. ask your grandfather, ask your mom and dad about that depression. my father used to say that he would go down to the store and get some food for the family and the guy would say we'll put it on your bill. there was no bill. that's what it took for america to get through the depression, and you all remember that crystal clear morning and the horror we felt on 9/11. but guess what? we've always got through it because the testing is what makes you stronger. it's the challenges that make you better. i have lived you through them, and i have become stronger for them and america has become stronger for them, and here's how we've done it. by staying together. not by dividing each other but
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by staying together with our eyes on the horizon. with our eyes on the horizon about the future. [clapping] we have a little town in ohio called wilmington. they follow that formula. and let me tell you about these folks. they play by the rules. worked every day. highly productive. teamwork. and one day an employer said we're leaving. we're out of here. and thousands of people, thousands of hard working god-fearing people like your neighbors went from getting a paycheck on a friday afternoon
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to visiting a food pantry so that they could feed their kids. i was down there in 2010 after this earthquake, economic earthquake hit wilmington. we had a campaign bus. my wife was with me. we walked through that food pantry we looked at the people and preachers and civil servants and leaders and caregivers. they were at the food pantry, but they hadn't lost any hope because they had their eyes on the horizon. we got back on that bus. i will never forget it as long as i live. we got back on that bus, and i said folks, do you understand -- some of them had been with me for a long time, so they got it. but some of them were rookies. i said do you understand what we're doing here? this isn't a political
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campaign -- and, by the way neither will this be. this is not a political campaign. did you see those people? did you see the tiers in their eyes? did you see them hugging their children? did you see them not hopeless? we're going to join in, and we're going to help them because it is our job and our mission as human being as children of god to work with them to lift them and guess what? [clapping] guess what? [clapping] in wilmington today the sun's coming up. i told them that the sun would come up again. it hasn't reached its peek, but the sun is rising, and the sun is going to rise in america again. i promise you it will happen.
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[clapping] you know who does this. see it's you. and me. see it's teachers and preachers and moms and dads and doctors. construction workers. like that sweet man in brown county that saw his family washed away over the weekend. keep them in your prayers. police and fireman and people like my dad the mailman john the mailman because we're the clue. we are the glue that holds our country together. how about -- as for me. look, i'm just trying to do my best
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okay? i came here to ohio state. i found myself on the 19th floor of one of those towers. you could hit it with a stone from here. i had 15 roommates. the place was 23 floors high. the tower next door, the same size. ohio state can be a pretty intimidating place okay? it's big. it is a big place. and i left my dorm room, went down to the first floor, and i walked just right down the path to ohio stadium. and it was a time where you could actually walk in that stadium, and you could have that one end closed in, and i walked into that stadium i swear this happened. and i walked right to the 50-yard line. there was no one in the stadium that day. and i looked around. all of those steets, those big structures that were there
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and i thought to myself. either this place is going to take me down, or i'm going to take it down. one way or another. either it be me -- [clapping] you know either it was going to be me, or it was going to be a place. kids, because you'll face it one day to help me move forward. you know, what's amazing? i'm back here today. you could throw a stone and hit that stadium or you could hit that dormitory so many years later and guess what? i am here to ask you for your prayers, for your support, for your efforts because i have decided to run for president
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of the united states. [cheering and applause] [cheering and applause] [cheering and applause] >> you know, they ask you all the time, like, it's a trick question or something, you know? well, why do you want to do this? i mean it's, like, they're going to catch you; right? i mean if you can't answer that question you ought to be back at the 50-yard line in ohio stadium wondering about your future. because, first of all we're not born to serve others.
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think about this. i want you to think about this. we're not born to serve others, what were we born to do? i do this for my family of course. for my sweet family. for my neighbors molly. for my friends of many many years. many of whom are working with me today 30, 40 years later. i really do it for everyone, and i have to humbly tell you and i mean humbly tell you that i believe i do have the skills. and i have the experience. [cheering and applause] i have the experience and the
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testing. the testing which shapes you and prepares you for the most important job in the world and i believe i know how to work and help restore this great united states, and i have to tell you it's a daunting challenge. i was just wendy's on saturday up here on hudson avenue and two wonderful african-american foals were there, and i walked in and was standing behind him and said i don't know i believe what i'm seeing, but i believe that's governor kasich behind me. and they said you better run. you know what that meant to me? two african-american guys, one with a brace on his knee and another with a cane. and i said well, people are going to have a lot more money than i am. and they looked at me and said well, you've got statistics.
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you've got statistics. so some are going to ask -- as they always have, why do you think you can do this, you know? all of my life people have told me you can't do something okay? i do believe in the power of very big ideas big bold ideas. in 1976, i went out to the convention in kansas city and not only worked for ronald reagan but i worked with ronald reagan, and i got to travel with ronald reagan. yeah i actually knew the guy okay? the real guy. not from a history book. he lost at that convention. i've been managing i think five states for him at that
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convention. talk about lightning strike in me. i was 24 years ol' i walked in and they said could you manage five states for the governor? i had no idea and i said of course i could. well, he lost as you know, and i was there when he met with his closest advisors. and he said we've lost the battle. we haven't lost any war because we'll all be back, and i'm going to fix america with all of your help. and of course he did and it further cemented my notion that big ideas big ideas change the world. big ideas change the world. [clapping] so i came back here to ohio, and i was all charged up, and i was working as an aide, and
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i said, you know, i think i'm just going to run for the state senate and beat that guy we've been watching. and i remember he was drinking something, and it fell on the floor when i told him that. people -- look, i was 24 and a half years old. i had no relatives that lived in this state. i didn't really know anybody. but i had a big idea. and you know what we did? we went out and we got moms and dads. a lot of moms who went door-to-door and rang doorbells. and the weekend before the election, one of the local newspapers said he's a fine young man, but he has no chance to win. well, i won that election with the help of the army of volunteers, i went on to chair the health committee where i learned to work across the aisle because the house was run by democrats, and that is where i learned that policy is far more important than politics,
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ideology or any of the other nonsense that we see. [clapping] you know, they said it couldn't be done. we proved them wrong. and then at the rightful age of 30, i decided i'm going to run for congress. my mother and father are like johnny, what are you doing now okay? well, they said i couldn't win. i was too young. and, by the way, i was going to run against an incumbent in 1982 was like the worst year. we lost 26 republican seats that year. i was going to run against a guy who got one of his degrees from harvard. that's when i knew i had an edge. clearly he couldn't get into ohio state and i knew i had an edge. [cheering and applause]
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and in 1982, i was the only republican in america to defeat an incumbent democrat all across this country. and guess what? here's the irony. i got to go to washington and work with president ronald reagan, you know? they said it couldn't be done. we proved them wrong again. and then i got down to washington and got on a -- the armed services committee where i served for 18 years on national security, and i was there just the blink of an eye, and i discovered that these hammers and screwdrivers had cost thousands of dollars and it was taking the resources from the people that needed it, who were serving in the military. we were wasting money and i said we need to clean this up. and they're like, come on.
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it's the pentagon. you can't -- forget about it. it can't happen. well, we passed some legislation and we made things right. we saved money we improved the system, and we helped the military. they said it couldn't be done, and we proved them wrong again. [clapping] let me be clear. our military must be improved. we need to -- we need to. [clapping] we need to cut the bureaucracy, and we need to strengthen our services. now, i'm a person that doesn't like to spend a lot of money. but in this case, national security climbs to the very top of the heap because we
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must be strong, and we must assume our role as leaders of the world. [cheering and applause] so six years after i got to congress, i got on a budget committee, and i remember going to those first few meetings bob. it was terrible, and i was complaining. i was up right here in agas station in westernville and i was saying these people don't want to do anything. and some guy walked around the pump and looked me square in the eye and said things are so bad, what are you going to do about them? so i flew to washington and met with my staff about six of them. and i said, you know, we should just write a budge for the united states of america. and they said, well, there's 100 people at the white house working on a budget and 50 up here, and we have six. and i said i know we're over staffed, but if you stay out of our way we'll be able to get it done. and we wrote a budget for
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america and why? it's about visions and values. and we do not have the right as grownups to ring up debts to suit ourselves and pass them to the next generation. we don't have that right. [clapping] ten years of my life i worked at this. my first budget was 405 to 30. i had the 30. my staff was depressed, i thought we were doing pretty well. that's how i was. well, we just kept at it and kept at it and kept at it. and you heard my great friend john -- by the way, one of the smart. he's a wonderful wonderful man. if john had not come to me and told me he was going to help me in new hampshire, i wouldn't have done this. i've just got to tell you. he is remarkable, and we did it together and the politicians didn't care about -- they didn't care about anything about being
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reelected. they cared about fixing america, pat. they cared about getting the budget balanced and getting the economy going. you know what? they said it couldn't be done. they said it was too big too hard, too much politics, and we proved them wrong again and we balanced that federal budget. we balanced it. [clapping] you want job creatio you want job creation? you balance the books. am i right? you balance the books. and if i'm president or maybe i should say when i am president -- [ applause ] >> i will promise you, i will promise you that my top priority will get this country on a path to fiscal independence, strength and we will rebuild the economy of
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this country because creating jobs is our highest moral purpose, and we'll move to get that done. [ applause ] >> and by the way, by the way, how about a little balanced budget amendment to the constitution so congress will start doing its job, huh? mrauz mrauz [ applause ] >> so i left, i left washington and had a great time, you know, i worked at lehman brothers and learned about businesses and i went to fox news, where as you know i was a giant television star -- [ laughter ] >> and i had a great time. but i had a calling. it was like here's kind of how it went. didn't hear anything but it was clear to me. you got an amazing life. you've got a lot of skills. you're going back.
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you're going back. and i sensed it when i was on a trip and i called my friends together and said i guess we gotta do this, and a lot of people were doubters. you hemmed in politics for ten years, in a decade you have never run statewide and we haven't defeated an incumbent in 36 years. in ohio, incumbents don't lose. we put together a vision a team, they said it couldn't be done and we proved them wrong again! [ applause ] >> and then we took over the reins. but you know we didn't go unprepared. we knew what we wanted to do because i want to tell you. i'm president i know what we need to do okay? there's no confusion about that. i know what needs to be done. i have been there at all levels, okay?


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