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tv   Varney Company  FOX Business  August 26, 2016 9:00am-12:01pm EDT

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>> jack, thank you, dagen, julian turner. that's it for us. "varney & company" starts right now. stuart: yes, it does. thank you, sandra. here we go, the economy is slowing, well, you knew that, but now we find it's slowing a bit more than you thought. yes, it's the weakest recovery from any in three generations. we're growing just 1.1% a year. it was 2% for the seven years of the obama presidency and now teas been cut in half. the economy, however, is not yet an election issue. next up, have you ever heard of bleach bit, it's a special software that will delete forever your e-mails. the clinton camp used it. why would you go to such great lengths to delete messages
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about yoga and wedding plans? well, they did. and the e-mails, not deleted, well, we'll get to see them soon, a federal judge says release the lot by september 13th. okay. look at this, throughout the show today, where we're giving you a shoutout to robert zimmer and jay ellison at university of chicago. no more safe spaces for students who can handle opinion of their own. these guys striking a blow for free speech. don't you love it? "varney & company" is about to begin. ♪ >> yes, we do have the gdp reading, yes, it's an annual growth rate of 1.1%, that's lousy. the market mover today is likely to be janet yellen. we're going to know exactly what she's going to say at precisely 10:00. we'll give you the headlines
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right at that time, and then, of course, the tea leaf readers will take over and the cottage industry of fed watching will be in full swing. we'll interpret everything for you. we'll be dead flat at the opening bell. >> you'll have the tea leaves out. stuart: it's a british expression. ashley: people swear by it the tea leaf reading. i'll get mine out right now. stuart: you saw the price of oil $47 a barrel. iran says it will cooperate with opec to stabilize the oil market. i call that same old-same old. at $47 a barrel. on the campaign trail it was about race. hillary clinton suggests you are a racist if you vote for donald trump. he says, she is a bigot. trump has spent the week courting minority voters. watch this. >> everywhere i go, people tell me how concerned they are by
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the divisive rhetoric coming from my opponent in this election. trump is reinforcing harmful stereotypes and offering a dog whistle to his most hateful supporters. >> hillary clinton and her donors, and advisors, pushing her to spread smears and lies about decent people. i have three words, shame on y you. stuart: just about it from the election campaign trail yesterday, but look at this. the quinnipiac national poll, clinton has a 10-pointead over donald trump. it's 51-41. all right. that's a pretty strong poll number for hillary clinton. ashley: yes, it is. stuart: a lot of people are now writing off the trump campaign at this stage. now, with what, 73 days until the election, they're writing him off. okay.
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but what do you say? >> i think his speaking points right now are good. he's remained focused, can he reach the undecideds, that's the big issue here. he has his core base and trying to walk back on immigration which is dangerous because you could lose some core base, but he's got a lot of ground to make up in areas it's touch. but clinton has a five percentage point only independents and we got the negative gdp read. that's trump's wheel house. we've had astonishing bad growth. we're looking at 2.0 and a second down turn. this is so bad. we're not creating companies like we used to. the other down turns, we created procter & gamble, ibm, hewlett-packard and microsoft and now we're creating applications that don't hire people. ashley: the problem is they're not making the economy a center point, they're not to.
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load up the house and let fly because-- >> hang on a second, and now-- i'm sorry, now you have a federal reserve official, excuse me, saying that we're going to have 3% growth in the second half? >> that's correct liz: how? >> let me get my note together? that's nester, loretta messter, the cleveland fed. ashley: what world is she living? >> she shrugged off the 1% growth rate and said it will be 3% in the second half. ashley: no. stuart: she said we've got momentum. that's all she said, all she made, momentum. ashley: we're stalling liz: tired i've gotten fired up, but we will really bad poverty rates and middle class incomes are flatlining. stuart: it's a friday. you'll be home-free. four close calls involving the u.s. and iranians vessels. now. this was one incident and now it's four. ashley: yes, four in the persian gulf. we know u.s. navy coastal
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patrol ship firing three warning shots in one of these incidents an iranian ship came within 200 yards, the u.s.s. squall fired three 50-caliber gun rounds, but this has gone on as we say four times this week involving the u.s.s., the pentagon just calling this unsafe and unprofessional, that the iranians have a long history of harassing foreign vessels in this part of the world and they-- i mean, look. stuart: it's an attempt to humiliate the united states. ashley: yes, we talk about that liz: doing more and drones going over. ashley: they're pushing it. stuart: i want to stay on the subject of iran and i want to bring in wall street journal reporter jay solomon, the author of the book "the iran wars", the important book. the sub headline, a spy game, bank battles and the secret deals that reach the mideast, a very long title. mr. solomon, welcome to the program. thanks for joining us.
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>> thank you. stuart: i wanted you on, there's a part of your book that said, pair phases it, barack obama, president obama laid down the redline on syria and said don't cross it. in your book you said iranian said, you enforce that red line, we're ending the nuclear talks where president obama promptly backed down. is that accurate? >> i think that's one of the most difficult parts of the book is kinding out what exactly happened during that red line. as you recall, president obama said weeks before we attacked, but it's happening that sort of escalation was happening at the exact moment the u.s. and iran were having secret negotiations in oman and moving closely toward the nuclear agreement. the white house still maintains there was no connection whatsoever be iranians officials i talked to said basically the diplomates in tehran would have lost support of the revolutionary guards,
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the ones active in the persian gulf if president obama had gone ahead. stuart: the bottom line is that president obama backed off, he caved. assad is still there. and the iranians did get the nuclear deal that they wanted. now, i'm going to interpret this, i interpret that as president obama hung his hat on the iranian nuke deal. his foreign policy, his legacy and foreign policy essentially hangs on the iranians and look, i'm going to make the judgment, that's a terrible mistake. your turn. >> i think if you go back to the beginning of the obama administration, which this book really looks into, it really was from day one tha started reaching out to supreme court leader khomeini and started sending letters and speeches on persian new year looking for a better relationship and he did frame his foreign policy on this philosophy that he could engage american enemies, he could woo
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of iranians and cubans and he went forward. it impacted a lot of policies. the green. mo uprising in iran in 2009, which happened just shortly after the president took power, there was a push within the white house for the u.s. to come out more aggressively in support of the opposition, but the white house, president obama's ultimately decided not to. stuart: jay, it's an important book. thanks for bringing it to our attention, we'll have you on again later. appreciate it. >> thank you. stuart: jay solomon there. now let's get back to the polls. donald trump has some ground to make up on hillary clinton. his campaign manager kelly anne w conway will join us next. she's in the studio. ♪ ♪ i'm still standing after all this time ♪
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>> now, polls and donald trump and hillary clinton are very much in the news today. and guess who is with us right now in new york city? none other than trump campaign manager kelly anne conway. we just showed our viewers the quinnipiac poll where your guy is ten points down and i want to bring the real clear politics average poll, six points down as of now and that position has not improved over the last two weeks, he was six points down two weeks ago and i'm saying basically the new donald trump, the softer presidential trump is not having an affect on the polls. >> these are national polls. thank you very much for having me, stuart and to your viewers. those are national polls i'm glad to see the bleeding has stopped because the trends were downward before two weeks ago, we're pleased in the last ten days ago and taking his case to the voter, stark contrast to
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hillary clinton, talking about him and he's talking about-- >> they're flat? >> the new public polls show a race in north carolina, up slight sli in florida, arizona by five just released this week. virginia the roanoke poll, six point deficit a poll showed a 12 point deficit previously. we like the trend lines and having impact. those of us in control of his calendar would like him to spend more time in the swing states talking more to the voters and operations there. stuart: that's an important word, we have control-- >> control of the calendar. stuart: you have control of donald trump. >> donald trump, of course not. donald trump is his own person. the calendar is quite different and the calendar is my doc, he can take care of himself, he's capable. i want to bring to your attention a tweet from hillary clinton, long time ku klux klan leader david duke supports donald trump because they share
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so many of the same values. okay, that's pretty strong stuff, bringing in the kkk, she is. >> i find it to be disappointing and fairly disgusting. this is how we're going to run the race now? donald trump disavowed david duke. and he talked about how he doesn't want the votes of white supremacists and he talked about disavowing them and what they stand for. this is all hillary clinton has. it's not like she can tell us it's good idea to millions more are in poverty or obamacare is is a complete disaster and i have no policy for energy independence or rebuilding our economy. stuart: she says that donald trump empowers the white supremacists and racists by-- >> i'm personally offended. i'm the campaign manager of that campaign and i'm personally offended that's where she would take this conversation. i found her speech yesterday to be mystifying. stuart: that's the hillary
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clinton ad. these people support trump because he believes that trump supports them. >> where isser had evidence? i find that factually inaccurate. she's showing people-- like a half a day story that this mass murderer, omar mateen's father, a lone wolf terrorists calling the orlando police and pledging allegiance to isis, his father is smiling and yucking is up behind hillary clinton and oh, we didn't know he was there. no, he's there because she would do what he wants on national security. stuart: if you're in control of donald trump's calendar will you schedule him to make a speech in the heart of the black community? >> we're working on that, absolutely. we are going to take the case directly to the people where they live. stuart: immigration, at one point in the campaign, i don't know exactly when, mr. trump was talking about deportation. >> november of last year. stuart: deportation force, he
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was adamant on it, he said those words. he's backed off significantly, has he not? i'm not going to say he's flip-flopping, but backed away from what he originally said. >> so a lot is still the same in this way, he's going to build the wall, that's a signature of his immigration plan, that does not change. no amnesty, to path to citizenship or legalization, making sure we protect american workers, who feel they're competing with immigrants on jobs. and family will have more grief under hillary clinton because she's going to continue with sanctuary cities, she's for catch and release and open borders, dinner on the issue with respect to the 11 million or so, what he told anderson cooper on a different network we don't know what the number is, everybody says it's 11 million, and it could be 30, it could be 5. we haven't enforced the law.
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you enforce the law, a novel concept in washington d.c., larimore on top of them. the bad ones leave, those who committed the crime leave and see what we're left with and he said last night, people will go home and they can stand in line and come back the way we all stand in line routinely. stuart: september 26th, the first debate. >> yes, very excited. stuart: yes. >> one month from today. stuart: can you give us some inside information on his strategy, the tone he will use, the subjects he will raise? can you give us a clue? >> it will be authentic donald trump because that's who he is and the voters seeing someone like hillary clinton and try to be something you're not-- >> you go back to the primary style in the debate? >> in the debate. stuart: where he just really went after the other people. >> possibly. but certainly record, the personally that hillary clinton is going after donald trump and not her record.
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>> it's calculated going after her in a personal way the way he went after jeb bush. >> do you consider crooked hillary personal or-- do you consider it basically just a reflekction of the pay to play and you can draw a straight line and don't know where the state department, the clinton foundation and their bank accounts begin and end. but he prepares for this every day by giving the speeches, by reading and talking to experts, but you're going to see donald trump as you know him. it would never be my strategy, stuart, to change donald trump's substance or his style when he's up against hillary clinton. i'm sure she's cramming her head full of things and friends in hollywood telling her how to be, but-- >> you're the busiest person in the world, you have four children, the campaign manager of trup trump before the election and-- >> thanks for having me. stuart: where are we going to open the stock market this morning, pretty much dead flat and we'll be up maybe five or
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six points, that's it. a couple of stocks in the news, i'll bring them to you. ♪ >> the organ music, death watch for gamestop, are you kidding me? it's going to sink at the opening bell, i think that's a little-- the grim reaper is strong there, okay. we put it on death watch. ooh. meanwhile, some good news-- oh, this is good news. it's from a college campus. university of chicago says no more safe spaces allowed. don't you love it? gary johnson, jill stein, they're on the show next.
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>> you're going to love this. the university of chicago dean of of wardens says do not expect safe spaces. do not cancel speakers because you don't agree with them and there will be no trigger warnings. don't you love it? >> yeah, this came from the dean of students, john ellison. saying diversity of opinion is its fundamental strength. so, get ready to use your brain in debate and stop listening to your inner toddler. >> that's basically his message. a rare occasion where you see a dean of students doing this. stuart: finally some backbone from a major university. let's hope others follow suit, notably yale, for example, love to see them follow suit.
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it's the first blow struck in favor of free speech liz: he says there no safe spaces in the real world, in the business world. stuart: university of missouri is down 2,200 enrollees after that nonsense of the safe spaces and get your camera out of here. that kind of nonsense. i think it's fantastic, this is a good movement that we're seeing here liz: strong. stuart: hope it spreads. that's how i feel. check the dow futures going up a little bit. we're up 13 points now, that's still pretty flat on 18,000 index. how about apple? hackers, ackers-- dropped it. yeah, hackers. [laughter] they can break into your device and steal information with one tap. apple has issued an urgent fix. let's see if it affects the stock. obamacare winding down. rates in illinois going up more than 50% on premiums there for obamacare policies and listen to this, an insurance regulator
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>> welcome, everyone. it's friday morning, special edition of "varney & company." the opening bell will ring in, well, it will ring and start trading in 20 seconds.
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in the news back drop, you've got gdp numbers, showing a great rate annualized at just 1.1%. that's for the year. that's not a very good performance. at 10:00 precisely, half hour from now, we'll find out what janet yellen is going to say on interest rates, that's the back drop on trading. we're expected to open pretty flat. open 19, 23 points there. a lot of the dow 30 are in the green and we'll see if that continues. how about the s&p 500? same story, that's on the upside to the tune of .14% it's a gain. how about the nasdaq? on the upside of trading? yes, it is up 1.4%. oil still there at $47 a barrel. no news there. now, look at the big name tech stocks that we follow all the time. why do we follow them? because that's where you've been putting your money. apple is down, there's a story there, facebook is up 123, almost 124, amazon there's a story there, 760 and netflix, i
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don't know of any story, it's at 97 right now. look at game stop. it's the video game retailer, sales down. are we being harsh to put it on death watch? because that's exactly what we did. we'll discuss that in a minute. look the a the bank stocks, the second quarter, was the most profitable ever. collectively the banks made, wait for it, $43 billion profit. i'll take that. ashley webster is here and liz macdonald turns up on a friday occasionally and jeff sika is here and-- apologize, liz liz: that's okay. stuart: and the economy is growing at this annual rate and you're a perma bear. >> this is an indication of why i'm a bear. first of all, this is the worst recovery we've seen in decades. you're talking about the average recovery we see gdp
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around 2, 3%. this is a sub, going towards a sub-1% gdp. two things to keep in mind, the first is that businesses are not spending. capital expenditures are tanking every quarter and second, this is an indication of where we're going with corporate earnings, we have to be very aware of the fact that when you have a historically high market, it needs to be accompanied by rising earnings and improving economic conditions to the compli -- economy overall and we don't have that. >> and to jeff's point, net corporate profits down, and that business spending is going to fall more forward going liz: that's a negative year and a half. where are the animal spirits? companies are more like church mice running away when the government is going to tax them.
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>> who chimed in with the word "right", was that you, scott shellady? >> i hate to say it, stuart, but i'm a common sense-acrat. you can't be at full employment, and have a gdp of 1.1%. it doesn't square! why aren't people screaming about the fact that with all of these people going back to work. we only have 1.1% gdp. what are they making? home ownership at 51 year lows? something's up here and nobody is ringing the bell. stuart: scott, this is for you, too. it's a headline in the wall street journal, years of fed missteps, disillusion with the economy in washington. once revered central bank fails to see the crisis and fostering a distrust of institutions. we'll leave it on the screen so you can read it for a while, but scott, that's a pretty damning conclusion on the
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federal reserve is it not? >> it is, we've jumped in the pool where the fed is data dependent, but the data is dependent on the fed, that's a negative move if i've seen one. untiwe get rid of that, nothing's going to change. by the end of 2018 they're expecting between 2 and 2 1/2% on interest rates. how are we going to get there at this pace? really, can somebody call them out on that, please? >> we'll try. >> ring the bell liz: and 3% growth annualized and second half? >> you're referring to what miss messter, loretta messter, president of the cleveland fed said this morning, don't worry we'll get 3% growth by the end of the year liz: we call them out on that on "varney & company," how? push back and tell us how are' going to get there. ashley: they don't know what they're talking about. stuart: 10:00 sharp eastern time we'll bring you exactly what fed chair yellen has to say about interest rates.
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at 10:00 you'll have it almost first. right, overall market, i hear scott shellady sighing in the background. he can't handle it. dow 30, 28 of them are up. by the way, citigroup says a trump victory in november could cause a global recession. all right, jeff, chime in. >> first, let's make it clear that the bank, hillary clinton is clearly in the hands of the banks and vice versa, so the fact that this comes out now, let's make one thing perfectly clear. we are in a sub-2% now. citigroup is saying we'll go to 2%. that's actually improvement from where we are now. the fact that they're coming out and saying this now is beyond ironic, it's beyond appalling because the bottom line is that hillary clinton presidency will do nothing, but harm the economy, that's the bottom line. stuart: fascinating. some individual stocks which are moving, i'll start with
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ulta, u-l-t-a, salons, they gave a weak forecast, that's down, sales down at big lots, a discounter, obviously, but they've raised the outlook. if you look to the future and say things are going to get better, up goes your stock, 3%. the software company spluk, software company, that's all i've got. don't ever forget mylan working to bring the cost down of the epi pens to some people. the stock stabilized. little known fact, they gave $250,000 to the clinton foundation. bet you didn't know that, but you know it now. amazon, opening its eighth fulfillment center and says it will create hundreds of jobs, also on amazon, they're planning three more bricks and mortar book stores. chicago, portland, and san diego, i believe. what have you got there, jeff? >> here is what i have to say about amazon. you go across the river in the town of carteret, an industrial
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town struggling economically, there's an amazon fulfillment center, million square foot facility there, created hundreds, will create thousands of jobs, revitalized, we're going through a renaissance in kattaret new jersey, primarily for a few reasons, but having a lot to do with amazon so this is one area that amazon helps the economy. the jobs that amazon creates, pay better than the brick and mortar retailers, about 30%. stuart: i would like to do a show, a three-hour "varney & company" show from one of those fulfillment centers, give everybody is sense of what we're talking about. a million square feet is god knows how many football fields. >> to run through it is amazing and have me on the show, by the way. stuart: do you own amazon stock? >> no, i do not. stuart: got it. moving on. hey, we're up 77 points. >> popping. stuart: 77 points, how about that?
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we thought we'd open dead flat and seven minutes up. ashley: they won't raise rates in september, market goes up. that's what the market thinks. stuart: i've got to get to gamestop. we put them on death watch. ♪ >> nicole, chime in, going 7%. nicole: oh, man. there is the signal and everything. gamestop, they've missed on sales, they've lost financial momentum according to the analyst and we know the video game publishers now have everybody downloading the games right there on the consoles at home. here is the case for gamestop. it's a cyclical business, number one. they have new games, new consoles, collectibles, virtual reality, and as those things come and go, those help to boost the bottom line, coupled with recent acquisition. they've actually bought some at&t stores and now they've moved into the cell phone business. that may help them.
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i will say when i went into radioshack to buy a xbox, they were so busy there with the cell phones, i couldn't buy a high priced item. on the weekends, my kids say, can we go to gamestop? >> really? nicole: they yes, they want nba 2017 with kobe bryant on the cover. still alive. stuart: maybe we'll withdraw the death watch category. maybe do that. move on with apple, an urgent iphone software fix, patch, basically. an attempted hack with quote, the most sophisticated spy wear ever seen. what's this? >> it's interesting and disturbing at the same time. the intended victim, if you like, this attempted hack was a human rights activist of the arab emirates. if he had clicked on this particular invitation he
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received would have within seconds given the hacker full and complete control of the iphone listening to him with the microphone and looking at him with the camera and three vulnerabilities within the apple ios operating system they didn't know about. the suspicion this was done by an israeli surveillance company called ngo. of course, they're not going to admit to anything, but they say it's one of the most, if not the most sophisticated hack they've ever seen. now, apple putting out a fix right away, saying anyone with this operating system go in and upgrade to protect yourself. stuart: that's a fascinating story. ashley: one click, one click. stuart: that kind of stuff turns me on. horrified? >> i've been scared to death of my phone all day. [laughter] >> looking for the upgrade. stuart: i'm making no comment on that. electronic arts, at least-- and scott shellady laughing in the background. at least one analyst firm says,
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it's madden, nfl 2017 game may be a big seller. okay liz: yes, piper jaffray, that's 5 1/2 million forecast for the game, conservative. probably lowballed that and probably going to raise that and madden, john madden is like this generation's howard cosell. this is a great, great game. people are loving it and kicks off the holiday season, shopping season. stuart: i've got to bring this in. scott shellady, i want you back on to explain why the dow is up 75 points with the federal reserve doesn't know what it's doing and gdp is growing at 1% a year. explain it, please. >> i think, i think number one, the reason is the fed doesn't know what they're doing and look for any reason not to do anything, number one. number two, the fact that, yes, 1.1% gdp. why are you raising rates although i said it doesn't matter. a quarter percent doesn't matter a, but psychologically.
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and we may see more dovish news because i think the market has been leaning on the hawkish side, maybe they don't get as hawkish as they think, and it's kind of dovish so the market-- >> you need a vacation, a weekend, get out of here scott shellady. jeff sica, thanks, great to have you on the show. look who we've got for you coming up, gary johnson, libertarian guy, jill stein environmentalist green party candidate. i've got both of them on the show today. one of them is angry at hillary, the other one just quit pot. and this, nigel farage tells this, don't trust the polls, they might fiddle the figures. we're putting that to the polls for real clear politics. that's next. ♪
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♪ ♪ anchors aweigh ♪ ♪ on to victory ♪ >> we thought we'd bring you that gro of naval officers celebrating ernie thomas, 98-year-old veteran survivor of pearl harbor. good stuff, wasn't it? that's the way to come to a block. and how about this, a top court in france overturns the burkini ban on beaches. in other words, you can't ban them, you've got to allow them. ashley: they says basic infringement of basic freedoms, brought by human rights lawyers, it's overstepping to tell what they can wear on the
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beach. there are some 30 french resorts that have the burkini bans in place. the mayor was a beach brawl broke out, he's not going to accept this ruling by the court. he's going to continue to keep the ban in place. stuart: now this, new poll numbers which do not look good for donald trump. quinnipiac has hillary clinton up by 10 points in a national poll. the latest real clear politics average, that's the average of all legitimate polls and put them altogether, hillary leads by 6 points. tom bevins is with us, and real clear politics. she has a 6 point lead now and had a 6 point lead with the rcp poll on august 12th. there's been no gain for donald trump despite two weeks of the new, kinder, softer, gentler donald trump. am i reading this accurately? >> well, i mean, if you go back
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and look to where she was coming out of convention, she definitely got a bump and up to 7.9 the percent in the rcp. the national polls have tightened over that span of time. but trump has lost ground in key battle ground states, virginia, pennsylvania, colorado in particular which, you know, i think is a real problem for him with only ten weeks left to the election. stuart: we're ten weeks left. we're in august still. do these polls, are they as meaningful as polls will be in say, four weeks' time? >> no, certainly the closer you get to the election, the more meaningful the polls are. right up until election day. those are the most important. but they give you a senate shot of a point in time and right now at this point in time, donald trump is trailing. if the election were held today or tomorrow, he would definitely lose. if these polls are in fact accurate. so, that's what we know right now. again, we still have a lot of time left. we have the debates.
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and so, ten weeks in a political race, especially one that's been as unpredictable as this one is an awful lot of time. stuart: bring to your attention, nigel farage, the british guy behind brexit. he says the elites cook the polls and mess with the figures and gave brexit as an example. listen to this one, tomorrow. roll tape. >> whatever is said in the next 73 days in this campaign, even if they tell you that the donald can't win. don't believe them because what we saw was the deliberate attempt to fiddle the figures. luckily, we ignored it and we beat them. stuart: that was britain, deliberate attempt to fiddle, that means cook the books, the figures. what's your response, tom? you're a polling guy? >> well, look, this is always one. things, you know, trump was-- when trump was ahead in the polls he had no problem with the pollsment he was touting them all the time. no suggestion that the polls were rigged or fixed. it's only when he's fallen
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behind that suddenly, his folks significant and his supporters suggest that somehow the polls are now rigged against him. that there is they're uncaptured both out there for donald trump. so, look, i don't think we'll put much stock in that right now. i think the polls certainly at the national level, we've got a pretty robust amount of polls and some of the swing states we've got a decent number of polls, pretty significant amount of data which i think you can rely on. it's some of the states where we don't have a lot of polls where i think we have to be a little more worried. stuart: six point lead for hillary in the real clear politics poll right now. tom, thank you for joining us. >> thanks, stuart. stuart: a couple of video shots for you. a skunk got a cup stuck on its head. the police officer wants to help, approaching gingerly. grabs the cup. [laughter] a smart man. and a man drives a truck into
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the nose of a plane. strippings down to his boxers, rams it into the cockpit. the man is in custody. and obamacare, people with no coverage. we're on it after this. >> affordable. there's a reason, affordable. affordable. affordable. affordable. affordable.
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to help you keep rolling with confidence. go long™. ♪ >> problems for obamacare, illinois, rates could increase by an expected 55% next year. tennessee, an insurance regulator says obamacare is near collapse. all right, what's hillary clinton's solution? expand medicare for all. let everybody buy it if they want. look who is here. do you remember this man? his name is jim angle. he's been reporting on obamacare for longer than i care to state. welcome back. >> and me, too. stuart: now, you know what you're talking about on this. >> yeah. stuart: if hillary opens up medicare for all, anybody can buy in, what's that cost? >> well, the problem is, that medicare is already promised more benefits than it can pay. tens of trillions in the hole
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if you go out 75 year window which they do. to expand it will just hasten the day it will go bankrupt. stuart: bankrupt, that's a serious word. >> yeah, meaning that you have to jack up rates to levels that most people cannot pay. stuart: supposing you jacked up the medicare tax, i think it's a surcharge. >> they've already done that. stuart: so you're telling me-- they've added that onto the income tax rate. so if you add more, you're taking more money away from job creators. stuart: this is an extraordinary mess. if obamacare is winding down to collapse and hillary's solution is to jack it all into medicare, which is winding down towards collapse. >> and she's going to offer all kinds of free stuff. free tuition, all of those things are going to increase taxes and obamacare, you and i believe in incentives. all the incentives are wrong. the incentives are for older sicker people to sign up first and younger healthier people to wait or not sign up at all.
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that's why the rates are going up like they are. stuart: give me a prediction, i'm not asking for a prediction, but i suppose i am. what's the end-game here? >> it's not going well, as you just said. and the problem is rates will continue to go up and you're looking at a real crunch. the problem is you've got the 40% cadillac tax on good health care plans and that is forcing employers to shift the burden to workers. deductibles are going up seven times what wages are. seven times. stuart: you know, you really should get back into it not that you give us good news-- >> i do what i can. stuart: thank you, jim. >> it's a pleasure. stuart: all right, we're 9:57: 27. in two and a half minutes we'll find out exactly what janet yellen is going to tell us about interest rates now and in the future. right there at 10:00. you will know. back in a moment.
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>> now in literally 15 seconds we can all tell you exactly what janet yellen is about to say because we do have an advanced copy of her speech. we may not release any details until precisely 10:00. guess what? it's now 10:00. peter barnes come in, please. you've got the speech. you've seen it. headlines, go! >> she says, quote, in light of the continued solid performance of the labor market and our out and inflation i believe the case for an increase in the federal funds rate has strengthened in recent months. of course, her decisions always defend the degree on which incoming data continues to confirm the fed's outlook. it looks like she's closer to a rate hike. she does not mention any timing in her speech, but we have that september meeting coming up, stuart, back to you. stuart: that's the headline. you've got it dead right there.
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thank you indeed, peter barnes. if you see on the left-hand side of the screen, what the market is doing. investors are hearing exactly what janet yellen is going to say, she says the case for an increase in the federal funds rate has strengthened in recent months liz: now the markets bets on. with unin three chance of a september rate hike. zero-- >> who said that? >> this is the fed funds futures, one in three chance, 50-50 december. remember, it was zero rate hike after brexit. ashley: a little bit of air. stuart: just a little bit. now we're up 10 points on the dow industrials. janet yellen is going to say that the case for a federal funds rate increase has strengthened. the market tells us there's one in three chance of a september increase, and the market dropped. we were 75 points, now we're up 10, virtually flat after that news came in from janet yellen. let me check the other markets real fast.
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what's happening there? the price of oil down, but at $47 a barrel, that's not a huge drop. how about the price of gold? it was down about 9 bucks earlier, it's down a fraction now. in other words, dead flat. and the dow up 17. ashley: higher rates, bad for gold, good for the dollar, if you like a strong dollar. stuart: and bang on 10:00, got it. well done, peter barnes. we heard from ms. yellen in wyoming and earlier the gdp growing by just 1.1% on an annualized basis. the white house has responded coming up with their response to the gdp report. as the administration stresses every quarter, gdp figures can be volatile and are subject to substantial revision, therefore, it is important not to read too much into any single report. well, i wouldn't do that, but i will say it's the weakest recovery since any recession since 1949. look who is here.
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i'll bet he's got a smile on his face. got to have a smile. >> there he is. stuart: former obama economic advisor austan goolsbee. austan, i want to talk about the fed and i want to draw your attention to what was the headline in the wall street journal today and i'm sure you've seen it. for the benefit of our viewers i'll tell you again. years of fed missteps fueled disillusioned with the economy in washington. the once revered central bank failed to perceive the crisis fostering the rise of populism and distrust of institutions. that was jon hilsenrath that wrote that in the wall street journal. it seems it's a pan of the federal reserve. what's your take on this? >> well, it was definitely a pan of the federal reserve and i know jon and he's a very good writer and astute observer of the fed. now, everyone knows the fed has been making mistakes, mistakes in its forecast, mistakes in predicting, oh, we're going to raise the rates, we're going to be able to raise the rates by the end of this year, next
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year, the end of the year after that. i don't know if that's exactly why trump is getting the support that he's getting or that there's some disillusionment. i think there are a lot more things at work certainly, the financial crisis and the bailout of the financial sector has something to do with it, but i think it raises a good point. stuart: now, i saw a federal reserve governor this morning being interviewed and she suggested, okay, you've got 1% growth in the first half of the year. she thought-- we would rebound to a 3% growth rate by the end of the year. that sounded very optimistic to me. you wouldn't say that-- i agree with you, stuart. i don't know what's-- what i ate for breakfast or what, but i absolutely agree with you. that's what the fed has been saying for six, seven straight years, that we get modest growth numbers and then they say, oh, we're about to blow the doors off, we're about to raise rates and then they -- they're never able to do that because the economy is not
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strong enough for them to do that. stuart: i noticed austan, the market is telling us there's a one in three chance of a september rate hike. investors seem to like that and the dow is up 81 points. we went up 75, down to zero when yellen was speaking, now we're up to plus 80. i guess the market thinks that we're not going to raise rates in september. is that your reading, too? >> well, i think you better take a deep breath, stuart. because every 50-point move of the stock market, you're going to freak out. you know, it's going to be a long day. [laughter] >> i'm looking for agreement and i know that we're going to agree on this. you are a professor, tenured, i believe, at university of chicago, is that correct, sir? >> indeed, it is. stuart: then you will no doubt agree with the gentleman on our screen who said no more safe spaces, no more trigger warnings, no more cancellation of guest speakers who disagree with the student body.
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this is a blow for freedom of speech, this is a wonderful thing, and your university is leading the way. you should be proud and happy. are you? >> yes, i am. look, we've always had-- why do you think i come on your show, all the time, stuart? we've always had a tradition in chicago that you ought to be able to confront and have a reasonable argument with somebody who disagrees with what you say. they didn't send out that letter in some aggressive way. they're just saying this is a place where the freedom of speech and freedom of thought is the paramount value e i think it's a wonderful thing. i really do. austan goolsbee, it's a wonderful thing when you appear on this program. the ratings go through the roof, just incredible. good luck, sir, we'll see you again. the fbi now says hillary clinton's team deleted e-mails from her private server using a very sophisticated computer program called bleach bit.
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it hides, eradicates, delete totally any indication of the e-mail in the files. nina easton joins us on the issue. i think it's a big deal, why on earth would you go to such-- you're shaking your head, it's not a big deal? no? >> well, here is the thing, stuart. i think, you know, look, it's one more drop in the bucket of the hillary clinton as a, you know, as a dishonest nontransparent politician bucket. absolutely. does it make a difference politically? is it going to move the needle in any way in this election. the e-mail scandal hasn't. i'll tell you why, in our fox news polls. hillary is rated high on the dishonesty chart. right? so is donald trump. they're pretty much matched there. where they don't match is tempt perment. people overwhelmingly believe that hillary clinton has the
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temperament to be the president and they question donald trump's temperament and that's why we see the polls continuing to give hillary clinton a lead with-- depate the continued news about the e-mail scandal. stuart: i do agree with you, nina. i agree 100%, it just doesn't get any traction. if you look at the dison honesty and trustworthy polls. 56% say she's not trustworthy, overall it makes no difference in the polling whatsoever. i think it's going over everybody's head. it's complex stuff. >> i've heard it. i've heard the e-mail scandal, okay, another thing going on. i think it's effective when republicans talk about appointing a special prosecutor because it underlines or emphasizes the fact that there's still questions out there that skate the law. we have a quinnipiac poll out with hillary clinton with a 10 point lead. she's been effective at taking
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the temperament question and putting it into the advertising. and she is a spending more on advertising. and her ads i think are effective on that question and hitting at the population, the voting population and kickly in swing states. stuart: one last point. i don't see this as a legalistic issue. i think legalisms cloud judgment. i think it is a judgment issue. are we about to elect a president of the united states who used a private server, a hackable private server in direct contradiction of the rules? that was, i think, very bad judgment and i think that's the nature of the issue. last word to you, nina. >> yeah, i think it raises incredible issues about her judgment that she potentially exposed-- or did expose, we know from the fbi director, she exposed confidential national security information to the bad guys and that is-- and she did it to protect herself. thises all setting up the server was all about protecting the political ambitions of
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hillary clinton. so, yes, it raises great judgment issues. stuart: nina easton, thank you very much for joining us. a pleasure, hope you come again soon. thanks. i've got developments in the italian earthquake now, what's the latest-- the recovery, i think. ashley: basically hopes are fading fast for finding any more survivors. the death toll at 268. 400 injured and a big problem is the hundreds of aftershocks. in fact, the 98 in just a 36-hour period. there was 4.7 tremor earlier this morning which had people back out in the streets. there's some 5,000 people on the rescue effort and obviously, the structures that are still standing are very unstable and when the aftershocks hit everyone has to get tout as quickly as possible from under those. a lot of criticism still of the italian government about the building standards in high risk areas and the government is trying to respond to that, but we talked about, these are ancient homes.
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how do you fortify them against earthquakes? it's very difficult. stuart: thanks. the dow jones industrial average as we speak is up 62 points. we've got the yellen news earlier. essentially the market is interpreting those statements to say there's a one in three chance of a rate hike in september. i think that's a pretty low chance. the dow is up 59, 60 points. the taxi app, that would be uber, lost 1.2 billion. why was that? mostly because of driver subsidies. a full explanation coming. also, we are going to tell you why president obama did not enforce the red line with syria. here is a hint, it had to do with the administration's nuke deal with iran. oh, boy. more varney after this.
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>> all rightment dow industrials up 60 points. janet yellen says the case for an increase of the federal funds rate, that's a basic interest rate, has strengthened recently and we have the
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economy growing at just 1.1% on an annual basis. those two items forming the back drop to the stock market action, we're up 60. 18-5. look at nike. one investment firm down grades it from buy to neutral. it's the biggest loser on the dow. up 1.4%. uber says it lost 1.2 billion in the first six months of the year and we and the to know why liz: basically what happened was they tried to keep their per drive cost down per passenger. when they did that, wait a second, we're not making a lot of money on this and uber basically gave money to the drivers to make up for the loss. so they lost about $4 billion since the inception and the pace of the losses are growing. so, that's not good for uber at all. stuart: that's interesting. good stuff, thank you. now, in the last hour, i spoke to wall street journal reporter jay solomon and he said he wrote a book about it, president obama did not enforce the red line to get rid of
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syria's assad because the iranians threatened to end the nuke deal discussions. president obama caved, assad stayed. republican congressman joins us now. i think that is serious stuff. that means that president obama backed away from getting rid of assad because the arainions threatened to scuttle the nuke talks. that means that president obama hung his foreign policy hats on the eiranians of all people. what do you make of this? >> well, that particular allegation is believable because of the influence, the relationship between the iranians and they're pro assad and they have been financing assad, hezbollah, hamas, so, it is a believable connection very much so. what i've actually believed strongly since that red line was not enforced once crossed was president obama is just a weak leader. he said that, as a threat,
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there would be consequences and when-- i just -- once that assad crossed that red line, there were no consequences because president obama is weak. stuart: and we still have, we've got a nuke deal. and we've got a president winding down his presidency, only 70-odd days left. what do you think is the future of our relationship with iran? >> well, one of the things we have do do is renew the iran sanctions act. it's scheduled to expire by the end of this year, whoever our next president is in january needs to have the leverage that brought the iranians to the table in the first place. right now there isn't enough leverage left for the next president to be able to deal with any of the bad axes that were left off the table with the negotiations with iran nuclear agreement. they're testing us. they are watching other countries test us, russia, chinese, north korea, they all watch each other and see that we're not sticking up for ourselves. we say we can't be silenced.
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political opposition says we say that because we want war. that's not true. we say that because we want to prevent war. we need to stick up for our cess, part of this is putting the leverage back on the table and part of that is having us respect us again. understanding they do not respect weakness, only strength. stuart: i think it leaves israel kind of high and dry, and very much exposed. forgive me, congressman, i'm going to return to this issue. you are the only jewish republican in the house of representatives. i want to know what proportion of the jewish vote will go to hillary clinton in this election? can you tell me? >> you know, with still a little over two months left. i don't know for sure. i would say that mitt romney got just over 30% of the vote in 2012. right now, while it's possible that donald trump could get a little bit higher, at this point in i had to predict it, i would say probably would be a little lower than romney did in 2012, but we still have over
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two months ago before the election. stuart: congressman lee zeldin. thank you for being with us. >> thank you. stuart: check that market, whoa, take a look at this, friday morning, we're up 117, 116 points as of right now. janet yellen says the case for increasing the federal funds rate, basic interest rate has strengthened in recent months. the market says a one in three chance of a federal rate hike. we're up. the university of chicago, love this story, says it will not support the safe spaces for students. i say it's a victory for free speech. the liberals must be outraged. we'll have more on it. hillary clinton used the computer program to wipe out permanently the e-mails from her server, erase them completely. here is the question, why use very sophisticated software to get rid of messages about yoga?
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>> ulta salon. i don't know this operation and i'm told they're big nationwide. what they did was to put out a weak forecast. whenever you do that, the stock goes down and right now, ulta is the worst performing stock of all the 500 on the s&p. biggest loser there. the discounter, big lots, they sell all kinds of stuff very, very cheap and look at it go down, theyi have a weak outlook. the reason there. i want to get back to the university of chicago telling incoming students, don't expect any of those politically correct safe spaces on campus. we're not going to cancel speakers because students disagree with their opinions and none of those trigger warnings, either. jeff flock is at the university of chicago right now and i want
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to know the reaction. >> i'm here to give you the other side of the story, isn't that what i'm supposed to do? what we always do? there's surprisingly little pushback from students. students are on campus, but talking about it on social media. the student government leader telling a newspaper, the campus newspaper that the dean is out of touch. he doesn't understand what a safe space or a trigger warning is. and just so that we're all clear. here is what one student said is safe space is. safe spaces are people, students of color, are free to speak of their oppression without fear or judgment or condemnation from white privileged students. it's a tragedy that this is being eliminated. and the trigger warnings, by the way, so you what trigger warnings are. those are warnings, we're going to talk about race. we're going to talk about something in class that if you have raped or something, and maybe you have a headsup so you know that that's coming. some people think it's not such a bad idea.
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but, there you go. that's the other side of the story. stuart: okay. [laughter] we listened, we heard, and we're moving on. >> okay. stuart: jeff flock, this you very much indeed. good stuff, fascinating debate, really. quickly now, breaking news, sir richard brannon injured in what is described as a near fatal bike accidents. >> he was in part of the british virgin islands with a couple of kids on his bicycle, early evening, training for an upcoming bicycle event and did not see a speed bump in the road or a sleeping policeman as they call them in the u.k. hit the bump and went straight over the handle bars and the bike wend over a cliff and he went down on the road and gashed his-- >> oh, look at that. >> he was flown to miami for special x-rays. a couple of tweets, my wife flashed before my eyes and fell head first over my bike handle
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bars and genuinely thought i was going to die, as i fell head first and bike disappeared off the cliff. stuart: gary johnson, libertarian candidate for prize, we'll hear what he says about safe zones, i say it's free speech. i'm probably going to agree with governor gary johnson. look at the big board, up 110 points. varney will continue. i don't want to live with the uncertainties of hep c. or wonder whether i should seek treatment. i am ready. because today there's harvoni. a revolutionary treatment for the most common type of chronic hepatitis c. harvoni is proven to cure up to 99% of patients... ...who've had no prior treatment.
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stuart: it is a triple-digit gain for the dow industrial. janet yellen the case for raising interest rates have strengthen. one in five chance of rate hike in september and economic growth
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is barely 1%. wrap it all up, you have a 100-point gain for the dow. fourty-eight dollars a barrel. it has gone up with that news background. where is the price of gold today? it is up $16 an ounce, 13.41. all up on the yellen news. liz: big fight with the developer but are telling local tv station it was because of the dc local regulatory framework. they didn't like it. they didn't like them intervening for part time workers' schedule, minimum wage hike to $15. wal-mart pulled out of dc and restaurants are pulling back out too. stuart: wal-mart wanted in. they're not going to go in because of the regulatory framework. liz: that's right. stuart: that's a fantastic
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story. the quinnipiac poll not good for donald trump. 10 points clear of donald trump. senior adviser is with us this morning. >> good morning. stuart: it's not just that poll ten points behind for your guy, trump. the real clear politics their average polls still shows her with a 6-point lead, exactly the same as it was two weeks ago, a 6-point lead for hillary and wait a minute, know what he you're going to say, in other words, the new donald trump has no impact on the polls? >> real clear politics average is over 20, 22 days. it's a long average it's not an indication at all. you look at the economist poll within 4 points. la times within 2 points. so the polls are going up and
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down. we are up in florida. stuart: rudies counting this? 10-point quinnipiac poll? >> one poll, if it continues and we see that poll come back in three weeks, we will come back but i don't expect that to happen. hillary clinton is having probably the worst week, second to worst last week. stuart: she's having a terrible week in terms of the scandal, i got it. you're right, however, that's not affected her standing in the polls whatsoever. all the scandals have gone over everybody's head. no, t not. that's true. >> that poll did not factor in that issue. stuart: do you think the scandals have had impact. i don't think they have had impact. >> the polls don't measure enthusiasm. they have calling people at home. who are you going to vote and they said hillary clinton. stuart: i don't want to be down on trump too much. >> it's friday morning. stuart: i will give you a choice here. let's supposed your normal
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average american who is not interested in politics, okay, you see on your screen a picture of hillary clinton with justin timberlake and his wife with the photo booth shot, she's off with magic johnson, tim cook, what are you going to pay attention to, that, she's off with celebrities or excompleemly argument about when she saw the emails or deleted them? what are you going to pay attention to? >> if you're choosing a late-night talk show host, she's doing a good job. the president who will keep the country safe, people have jobs, money, fdr wouldn't have made fun talk show host but some people say it was a good president. clinton was a fun guy but questionable president. stuart: bill clinton won two elections. he played saxophone and went on late night tv. >> too fun for his own good. the point here is we are chosing
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the leader of this country, the leader of the free world, the next 74 days we will continue to make the case that it's a binary choice, hillary clinton has failed everything she has done from the dc bar, the worst secretary of state in the history and donald trump is bringing new fresh ideas to this country to the people of this country that'll make them safe and prosperous again. it's pretty safe. it doesn't matter about the celebrities hanging out drinking champagne cocktails. [laughter] stuart: i think that was a action. i think that was a defense play. >> it's all offense, from here on out offense but in terms of making the pitch to the american people, let's not make the same mistake that we made for the last eight years with barack obama. let's -- stuart: i'm trying not to destroy it. [laughter] stuart: we will see you again soon.
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next, how about this? the fbi says hillary clinton used a special, very sophisticated tool called bleach bit to wipe her e-mail server very, very clean. i mean, so this nobody can see what's on it. it's what congressman tray how to say about it, roll tape. >> she and her lawyers had her emails deleted and they didn't push the delete button, they had them delete where even god can't read them. they were using something called breach bit, you don't use bleach bit for i don't goa e-mail or bridesmaid emails. when you're using bleach bit it's something you don't within -- twant world to see. stuart: our next guest is smiling big time. his name is holly litman and is a clinton found raiser. he always smiles. what's your talking points? >> i don't have them.
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>> is bleach bit in the talking point? >> not at all. stuart: do you think it should be? >> no. stuart: do you want to explain why hillary clinton who knew something about -- do you polish or scrub a server and she used one of the most sophisticated tools possible to make sure that nobody could ever read the 30,000 i don't goa emails. that's not a problem for you guys? >> no, because the justice department looked into it and concluded that there are in issues and i think it's time that we move on from that. they didn't attempt to establish intent to why she would use a very sophisticated deletion tool. would you like to explain why, why do you think she did that? >> i have no idea. stuart: that doesn't bother you? >> not at all. stuart: if i tell you that she got rid of totally forever, sledded 30,000 emails of her own batch that they were all just
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yoga and bridesmaid stuff. >> who knows, you have personal things. >> i'm not the secretary of state using private e-mail server hacked by the chinese. >> i don't know about what this is call forked. i don't think anybody knows about that. [laughter] >> i heard a lot of them, this is the funniest one yet. the justice department says there's no issues there and we have to move on, look at the other issues -- >> that's not what the justice department said. she should have been fired as secretary of state. >> they said there was no intent and that's really -- stuart: that's interesting. no intent and she uses bleach bit. what was the intention of using bleach bit which makes sure you cannot possibly get back to those emails. >> all i can say that -- [laughter] >> everybody is attacking the clinton foundation shows that, you know, there's really no issues here and everybody is trying to draw onto things. when the clint ownt foundation
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saves millions of peoples lives around the world oh which people don't realize. stuart: may i suggest alternate talks points for you. >> okay. stuart: nobody understand this nonsense, nobody -- >> i said. stuart: voters do not care and makes no difference to hillary's 10-point lead. why don't you say that? >> the justice department and fbi looked at it. >> you're still raising money for her? >> yes. stuart: how much? >> i give myself as much as possible. stuart: do you want to be embassador some where? >> i know, i run the company that provides jobs in the country. [laughter] i'm a businessman, i make money here. that's all right. stuart: you're going to be with hillary sunday through tuesday of this coming week? >> yes. stuart: with her?
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>> yes. stuart: advising her? >> yes. >> the people who jacked up the price of the epipen -- [inaudible] >> they give money to it and charities wouldn't have any money if they characterized people but if you examined it and got the highest rating at a charity, 89% of the money goes directly to the people and clintons don't get out dime out of it. liz: wait a minute. stuart: the great judge of charities is charity navigator and they -- they don't qualify. >> they discloses on their website -- >> on actual charity work, the rest they keep. stuart: everybody is still smiling. you're all right. you're all right. thank you so much. thank you, appreciate it.
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game stop, we put them on death watch earlier. we used to have them on death watch. nicole: it's still down 8%. they have been missing on sales and the whole concept, you go buy a video game for consul now you can buy it right on your consul at home. however, the company ceo has come out and made the case that it is a turning industry, there are now games consoles, the comps if you look over year and diversified the fun and the gross margin was the highest in history. he still has a lot of high hopes. stuart: maybe withdraw the death watch thing. maybe. nicole: my kids, because they like that store. stuart: libertarian, his take on
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the university of chicago banning the safe zones. i have a suspicion that on this issue mr. johnson and i will agree, but not much else. back in a moment
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>> we are going to be able to raise the rates by the end of this year, next year, after that, i don't know if that's exactly why trump is getting the support that that he's getting or that there's some disillusion, there's more things that work, certainly the financial crisis and the bailout of the financial sector has something to do with it but i think it raises a good point
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>> how would you help to support and raise free market while working to reduce capitalism? >> most americans have some to crony capitalism when they're opposites, crony capitalism paid a play when government involves itself in business. we want government out of business. that's a level playing field. that's equal opportunity. >> how? >> i vetoed a lot of legislation that gave unfair advantage to business as oppose today legislation that could have
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treated everyone equally. stuart: right there libertarian presidential candidate gary johnson, holding the libertarian town hall. good stuff. 9:00 o'clock tonight on the fox business network. gary johnson is with us right now. there he is. there he is. please. there you are. gary, i want to do something a little different this morning. i want to talk to you about the university of chicago as i'm sure you know that incoming students saying, look, there's going to be no more safe spaces, no more canceling guest that is you disagree with, i think it's a very important development, prestigious school standing up for free speech that both you and i really like, are you with me on this? >> i'm with you, stuart, i'm
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curious where do we disagree, do we disagree on building a wall and smaller government. i think we find ourselves in disagreement that that would be the exception. i don't know, that's just my guess. stuart: i'm a kumbaya-kind-of guy on a friday morning. i do believe that what the university of chicago is important specially to people like you, you're libertarian, of all things you believe in free speech, i think you are free speech, let me hear it. >> i'm gun hoe for free speech. how do you like the fact that trump is talking making it easy to sue you if you might say the right things about who knows who? stuart: you want to develop that theme and tell us more about it? go on. >> he's the one that needs to
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develop that. free speech, the constitution, university of chicago writes a letter that says, look, we promote to different people's ideas and their ability to come on campus and be aable to express those ideas, really, isn't that the constitution of the united states, isn't that the country we live in everywhere? stuart: yes. >> it should be. stuart: let me end the kumbaya for a second. i want a tax cut. i really, really want a tax cut. now, if you split the conservative vote trump and gary johnson, if you split it you make way for hillary clinton, that's just the reality of politics, isn't it? and i will got get my tax cut, i will get a tax increase. account for yourself. you're going to land me with a tax increase. kumbaya is over. >> stuart, if you want to waste your vote on trump, if you want to pot up a wall across the
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border, if you want to crack down on 11 undocumented workers by literally dragging them out of the homes and creating an economic catastrophe in this country, kumbaya is over. i have to tell you. free trade, let's force apple to make their i pads and their iphones in the united states, let's apply a 35% tariff on imported goods, are we talking about donald trump here? yeah, we are and if we want to turn over to hillary, you bet she's going to grow government. you want to waste your vote on either one of thosics go ahead. stuart: that's it. >> kumbaya is over. kumbaya is over. stuart: one last one for you. you want the legalization of marijuana, i believe at one -- >> you want to put people in jail for the use of marijuana, stuart. a topic 58% of america supports the legalization of marijuana and i guess you want to continue to criminalize it, kumbaya is
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over, stuart. [laughter] stuart: i want to ask you why as a pot smoker, why do you quit if it's a such a wonderful thing? why do you quit? >> i have always maintained that you should not be on the job impaired. stuart i haven't had a drink of alcohol in 29 years, it has and marijuana, don't show up on the job impaired. running for president is a 24/7 job. i'm not going to indulge in anything that impairs the ability with 12 minutes the missiles are incoming, i think you want somebody's if i thinker on that button that'll be all there. stuart: they're killing me
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because i have a hard break. you're fired up. that was pretty good. >> we agree more than disagree. stuart: probably do. gary, thank you very much for joining us. we do esht priet. >> thank you, stuart. always, always. stuart: 87 points, we look back in a moment better buckle up.
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stuart: polls and donald trump and hillary clinton are very much in the news today and guess who is with us right now in new york city, none other than trump campaign kellyanne conway. kelly, we just showed the viewers the quinnipiac poll where your guy is down. he is 6 points down as of now. and that position has not improved over the last two weeks. he was 6 points down two weeks ago. i'm saying basally the new donald trump, the softer presidential trump is not having an effect on the polls. >> thank you for having me stuart and viewers. those are national polls and i'm glad to see that the bleeding has stopped because the trends were downward. we are pleased in the last ten days or so giving policy speeches, contrast to hillary clinton is talking about him, he's talking to voters. stuart: didn't you hope for some imsnriew.
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>> we are seeing it, though, we are seeing it in state polls, the new public polls show a 2-point raise in raise. virginia 6-point deficit. a poll previously showed a 12-point deficit. stuart: long-time duh clucks ku klux supports donald trump. >> i find it disappointing and disgusting. ryan priebus is willing to lose over candidacy. i'm personally offended that that's where she would take this conversation. stuart: that's the hillary clinton ad.
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these people believe trump because they believe trump supports them. 13 days before the election and our time is up. we appreciate you for being with us. >> thank you so much for vague me.
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stuart: good morning, everyone, hillary clinton is the favorite to win the presidency, he's ahead in the polls. she's getting support from the media and raising tens of millions of dollars in campaign cash. what could go wrong? maybe scandals and trust? item one, a federal judge says reveal all those emails soon, get them out there by september 13th. we will see them before the first debate. second, bleach bit, never heard of it? well, it's the special software that clinton camp use to delete forever those yoga and wedding planning emails. you really need to go to such
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lengths to get rid of forever stuff like that? isn't it a tad shady. 66% do not trust her a much worse trust worthy rating than donald trump. the pollsters were wrong, the media was wrong, the establishment was wrong, they all said the brits have got to say, they voted to leave. the third hour of this special edition of varney&company is about to begin. ♪ ♪ ♪ stuart: we will get to politics and scandal in just a moment. first look at this, a weak reading to have economy, 1.1% growth. janet yellen hints at possible rate increases. the dow is up 91 points. where is the price of oil?
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i will tell you right now. 47.80. not much changed and gold, where is that right now? it's going up again, 13.36. now, liz, i'm reading the tea leaves correctly, i'm trying to clarify exactly what janet yellen came up with. she's raising the probability of a rate increase in the future but she's not saying when. liz: fed rate hike this year, the case for one has strengthen so the market are rising right now when ashley and i are talking about this. one in five -- one in four chance in september. december hike right after the election. key is gradual. it could be a quarter to 50 basis points hike. stuart: not faint chance but that probability of a rate like later this year, that's it? the gdp numbers 1.1% growth,
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that's not much. what is trump saying about this. ashley: trump campaign putting a response, abysmal economic growth, down to 1.1%, show it is clear choice of facing american people, say it is trump campaign. 4% growth they say is acheafable but clinton wants to continue with a third term of obama's slow growth economy, may work for those like clinton who share access but not voters. stuart: that's interesting. let's get back to politics. why not? you heard my take at the top of the hour. hillary clinton leading in the polls and the media shockly bias against donald trump. on that point, look at this, from the washington post an opinion piece, donald trump is a flake and a fraud. tell it how you think it is. another opinion, donald trump must think we are fools. all right, weekly fred barns is
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here. [laughter] stuart: you see this stuff all of the time. the campaign cash, media, looks a lot like donald trump at this point can't win. what say you? >> the other thing is that he's 10 points behind in the quinnipiac poll which may or may not be correct. no one has been 10 points behind in late august in a presidential race and actually won since harry truman in 1948. you know, things don't look great for trump. can he win, of course, he can win. there's probably some shy trump voters who kellyanne conway -- you didn't ask her about that a few minutes ago. but she's talked about that. there probably are some. there's a stigma attached that
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you're for trump, you know, and in conversations that i have had, nobody saying anything about trump until one person does, breaks the ice and maybe says something slightly positive and then you find that a lot of other people are. stuart: i want to focus on the emails now. the fbi says that hillary clinton's team used this bleachbit, a very sophisticated program that completely gets rid of them all emails, gets rid of them completely. i think that's of some significance but it's going over the head of voters, they don't care of that kind of thing, what say you? >> i like what byron york said that revealed this in the examiner, even god can't read the emails. you really -- you really have something to hide if you're doing that and you say it's just your personal e-mail about, you
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know, yoga lessons and your daughter's marriage, obviously there's stuff there that they won't want anybody to see. stuart: the federal judge says all those other emails, you have to release them before the debate. is it going to have any impact at all? >> you know, i think so. there could be a critical mass that's reached particularly after more of these emails put out. who knows what they're going to release. things can change a lot in a hurry. right now they don't look like they're going to. he hasn't done well. kellyanne conway said, usually when you say hey you're not looking good in national polls they always start talking about state polls. if they do poor in state polls, they talk about national polls. stuart: we will see you soon. that's a promise. the lead developer of that site bleachbit will be on this program and we have to get to the markets. we are coming back a bit.
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we were up 100, now we are up 76 but we will take that, i'm sure. i want to play a clip for you. this is harry on this program saying the dow will drop to 6,000 by the middle of 2017, roll tape. you're still saying 6,000 mid-2017. go ahead make your case again. >> we are still saying this is a bubble around the world, stocks around the world, real estate around the world, crazy evaluations, i do not expect that to happen. this is going to be the worst year for stocks since 1931. stuart: that was back on the 28th, 2016. [laughter] stuart: i got my centuries mixed up. harry, the author of a book, the sale of the lifetime. are you sticking with 6,000 on the dow by the middle of next year? >> not quite. i am sticking with the bubble burst, i am sticking we are
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going to see dow 5 to 6,000. this has continue today stretch out. earnings have been down since the third quarter of 2015. productivity is going to zero. gdp is now a little less than 1% in the last three quarters because the market has no where to go. the feds engineered it with zero and negative interest rates where investors have to go here and will go here till it pops. stuart: what went wrong with your forecast? >> we haven't had anything major. italy is technically bankrupt, 18% nonperforming loans, 10% your technically is bankrupt and nobody is worried about this. germany is not going to bail them out. their productivity is going to zero. stuart: can't they print money? >> no, they can't. they don't have control. what they need to do is devalue and get out of this and they can't leave that without leaving
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the euro. stuart: wouldn't they? >> what about italy see it is light and say ifs we get out of here we can be like iceland, devalue currency and get out of here. they're not getting out in the euro. it's not possible. stuart: i hear a lot of people saying this that the gathering storm, something has to break at some point. it won't be a break to the upside or break to the downside, you're in that camp still? >> absolutely, 120% and i tell you what's worst than italy, china, china is overbilled everything so far and now they've been building for all these urban my grats, guess what, 7 million went home. nobody noticed it. stuart: should i buy gold? >> no, it's an inflation head and they do every time you have a debt in financial bubble. you get deflation like we saw in the 30's. gold will not do well. you get in cash and there's no where to hide.
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the highest treasury bond the u.s. dollar, everything else went down. this is going to happen. i promise you because everybody bubble like this in history has no burst. stuart: hold on a second. i have to check the date, the 26th of august 2016 and harry said that. >> i know. jesse warned about the bubble, everybody thought he was crazy and he ended up being a billionaire out of it. stuart: i forgot that. [laughter] stuart: come see us again. appreciate it. much more ahead in this hour. green party presidential nominee jill stein is with us. she wants to give everybody a federal job who wants one. she's next. how about that? also this hour why preside obama did not enforce read line in syria, here is a hint. it has to do with the nuke deal with iran. hillary clinton says you're a racist if you vote for donald trump. trump will spend the entire week
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courting minority voters a lot more varney coming up. >> people tell me how concerned they are by a divisive rhetoric coming from my opponent in this election. trump is reinforcing harmful stereotypes and offering a dog whistle to his most hateful supporters. >> to hillary clinton and donors and advisers u pushing her to spread smears and lies about decent people, i have three words, shame on you.
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stuart: a few moments ago we had a third-party canned -- candidate gary johnson. now we have jill stein.
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i'm very short on time and i have three subjects that i want to get to you on. number one, you say you will end all coal, oil, gasoline and nuclear power by 2030. that's a tough job, spell it out. >> it is a tough job because we are facing a very tough problem that demands a solution as big as the crisis on us. in the last week we have seen catastrophic flooding impacted in southern louisiana, we see fires all up and down the west coast in california and washington state with disaster zones declared all over the place. we are seeing dramatic heat waves and the latest science predicting 9 feet of sea level rise as soon as 2050 in the course that we are on. what the science says and the studies and experts say that if we have the political will, we can convert and it's not just a
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matter of shutting down fossil fuel, it's a matter of creating the good jobs for the economy of the future that's healthy for the people and planet. stuart start do i apologize. i want to pack as much. i want our vie what you stand for. item number two, you want to guaranty everybody who wants one a federal job, another tough job. >> yes, and what we are talking about a guaranty to a job with the federal government as the employer of last resort and this is actually something that the american people support in poll after poll, the notion that if you want to work and you're ready to work that you deserve to have a job and that the government should provide that job if the private sector can't provide it and fortunately we save so much money by the health improvements from facing out fossil fuels is actually enough to pace for those jobs to ensure the green energy transition. stuart: last one.
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your running mate ujama barka, he decries and here is his quote, unimaginable atrocities formalled by a dyemented and dying u.s. empire and the gangster states of nato. that implies somewhat radical transformation of foreign policy, doesn't it? >> i don't know if you've seen brazinki's article, the man author of concept of u.s. domination of middle east and asia has done a 180 that this policy has been catastrophic, cost us $6 trillion in iraq and afghanistan alone. 11 people killed in iraq, we can actually take a much more collegial approach because what we have gotten, failed states, maz -- mass refugee migrations,
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we need to start developing principled collaborative relationships with china and russia. right now we are in the brink with russia with 2,000 nuclear weapons alert. a policy that we and nato have been plunging head-on. stuart: i didn't want to open up a fight if i disagreed with you, i just want our viewers to know where you're coming from. the washington post says you're a fairy tale candidate and your policies amount to nothing than a wonderful fairy tale. last word to you. >> i wonder if that means the other candidates are the nightmare. stuart: okay. >> we need high ideals. we have too much of the opposite. stuart: jill, thank you very
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much for being with us. >> bye, bye. stuart: coming up for you on this special edition of varney&company, that guy is the president of the ufc, he says he will not support safe spaces for students. i say that's a victory for free speech and we are on it. we will head back to italy, 268 dead, 400 injured, rescue crews have have a tough job searching through that rebel, we will bring it to you again. young girl pulled out of the rubble. here she comes. she had been buried for 15 hours. she's safe and sound. [applause] stuart: we will be right back. [speaking in native tongue]
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stuart: i'm going to take you back to italy. john is there for us right now. john, it looks like at this point time is running out to find any survivors, is that accurate? >> right. that's very accurate, yeah, you know as the day -- we are on the third day, stuart, as the days
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and hours go by the likelihood of finding people buried that are still alive under debris like this certainly decreases, but that said, stuart, remain it is hope, people are praying that more survivors are found. there's been tale of survivors but those are few and far between. if you walk with me 267. one of the problems, stuart, that's pose for the search crews and rescue and recovery teams are the aftershocks, there's been several hundred aftershocks since wednesday's earthquake make it difficult and adding to the damage and making it difficult for crews that have been working 34/7. guy that is are taking a break here, again, going to areas and adding even more damage because of the tremors, also logistically getting heavy equipment needed to clear out all of the debris. these vehicles can't get up into the area. this is a mountianous regions
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and those roads have been damaged becausof the ongoing tremors, so many of these areas have been cut off from the help at this point until things change but again those tremors are just adding to the damage and there's been several already today. one this morning, 4.8 magnitude, stuart there was one about an hour ago but wasn't as strong but adds to the overall damage and the problems here. that said, though, going back to the initial question, it is accurate that certainly time, you know, decreasing as far as finding people buried in the rubbles. people remain hopeful that more survivors are found. stuart: amatrice, italy.
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dow industrial and most of the stocks are up. donald trump courting the minority vote. aj delgado, she will join us, question for her is trump gaining support among hispanics? a special edition of varney & company. speaking of courting the hispanic court, remember when donald trump said this, i love her, melania, i have fallen in love with her
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to help you keep rolling with confidence. go long™. ♪ . stuart: look at this. this is real clear politics polling average. hillary clinton leads donald trump by six points. doug is with us now, a former clinton, doug, welcome back. >> thank you, stuart,. stuart: now, if i go back to mid-august. >> sure. stuart: in the real clear politics average, hillary clinton has a six-point lead. >> right. stuart: she has a six-point lead now. >> right. stuart: in other words, trump has not gained any ground despite the new look donald trump. >> precisely. stuart: he can't lose. i mean he can't win, can he? >> well, if he's outspent $100 million to $4 million in the swing states, all of which, stuart, he's losing, he's not going to. one of the things -- stuart: is that accurate? hillary has spent $100 million on four swing states.
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>> oh, no, on 10 or 11 swing states. trump only 4 million. she leads in each state with comfortable margins. stuart: so you're a great believer in tv advertising, splash it all around, and you win. >> well, in a general election, yes. and if i can outspend a candidate 100 to 4, particularly when the negative's donald trump are as high as he has, hillary is just fine with that, and she shouldn't do press conference c. stuart: she should not -- >> why? . stuart: well, why should she? >> exactly. stuart: you run risk. >> precisely. stuart: what's the point of taking a risk? >> this is a business. she is a professional at maximizing her support. donald trump is acting out as if sometimes he's a candidate. stuart: but, look, we have these scandal developments. >> we do. stuart: federal judge says september the 13th, you've got to review all of these e-mails. >> sure. stuart: and now we find that she was using this bleach bit. >> right. stuart: so you're totally
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eradicate e-mails that was supposed to be about yoga. >> but is that going to be enough to change? . stuart: exactly. does it go over -- pay no notice to this. >> i think it does. and i think that's the problem. she said yesterday, more -- i think intuitively than she intended. a lot of smoke, no fire. we haven't seen the fire yet. stuart: but we do have the debate september the 26th. >> we do. stuart: in portland. >> yes. stuart: donald trump could something out of his bag with that. >> yes. stuart: the e-mails and the various scandal. >> sure. stuart: it's not out of the question. >> no. it's not out of the question. but as we sit here today, your introduction is my conclusion, 80% chance secretary of state prevails. stuart: if you were to advice donald trump in the unlikely -- >> unlikely. stuart: the highly unlikely event, what would you say to him? >> i would say donald, you've got to get serious. you have to spend real money on real negative ads in the swing states.
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this isn't a question of wing and a prayer and a good speech change to a teleprompter. you've got to fight fire with fire, and you've got to recognize this is the real world. stuart: a political professional that your life in the business of politics. so to you, winning or losing is how much money can you raise and where do you spend it and how. >> of course. that's business. stuart: you think that's the nature of politics? >> yeah. stuart: donald trump can't change the nature of politics? >> he did perhaps in the primaries where in a multicandidate field, he was able to do it with free tv. but in a general election, it's like going from the third division up to the premier league, you can't do it unless you have solid professional talent and money. more money. stuart: that's a soccer reference that has gone over the heads of quite a few people. stuart: well,, stuart, not you. you're an old man. >> ash, can you bring you into those for a second? ashley: yes.
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stuart: what is this bleach bit stuff? >> will say this is something good, even as one of the trey gowdy said on fox news, even god couldn't read these e-mails. what's interesting is if you go to bleach bit's website, they're so proud of that comment, they provide a link to the fox news interview with tray gowdy saying just that. so, in other words, they're extremely proud of the product that they have, and it's y would all of this publicity. anybody go to such great length to totally ireradicate yoga messages? >> because they don't want anyone to know when she's doing downward dog. stuart: oh, get out of here. the bride's maids messages and the wedding planning messages. >> and i know what the answer is. the answer is she used bleach bit because she wanted to eradicate the e-mails. again, this is real world, this is business. . stuart: this is how politics works?
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>> this is how works works. this is a different world, a different universe, stuart comes back to cash and hard-headed tactics. stuart: i think you're a nice guy but not very popular on this program. >> stuart, you have always been lovely to me, and i'll take two out of two. stuart: all right, sean, it's friday, get out of here. >> i will. stuart: thank you very much. >> thank you. stuart: donald trump is clearly trying to course hispanics and african-american voters holding a series of meetings at trump tower on that issue, by the way. this is a quinnipiac poll showing hillary clinton's lead with nonwhites. 77% to 15. come on in, aj del who is a campaign manager and hispanic, you're a trump supporter, how are you going to raise his score because it's not working so far, is it? >> actually it is high, if you
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check the l.a. times poll, the most recent one has him at 36%. that's higher than mccain received, which was 31% and mitt romney, 27%. so he's already doing incredibly well, especially as a republican with the hispanic latino vote. and will go even higher. stuart: hold on a second. that's just one poll. i don't know what kind of poll it is. i don't know whether it's an online poll. >> the l.a. times poll. stuart: is it an online poll? >> l.a. times. i would have to check it's an online poll. i don't believe it is. stuart: and you say it's 36% hispanic support. >> yes, sir. stuart: can you show any other poll where he's got any degree of hispanic support at all? >> well, there's some, for instance, the nbc poll that shows him in the 20s when you look at the actual demographics of that poll and who they actually polled, they tend to oversample and overpoll democrats. in the polls that are more evenly distributed and have a much more represented sample,
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we tend to get a much more accurate assessment, such as the l.a. times one. so even if the l.a. times one might be high, i think he's currently in the low 30s. i know every latino i speak to in my community is certainly on the trump train 100%. stuart: okay. why is that? i mean he's not gone away from build that wall and although he's backtracked a fraction on immigration and the deportation of everybody, he's still got a very harsh stand on most of you have got to go home. so why would you support donald trump? >> right but, stuart, you're basing that on the premise that immigration is latino's top concern. it absolutely is not. in fact, every single poll and study routinely for years has shown that on the contrary, it's not immigration, it's jobs in the economy. so jobs in the economy are our main concern, and it absolutely is. who else would we vote for but donald trump? . stuart: i understand and you're absolutely right, the economy is a vital important
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group of america. but when you talk about tone, get them out of here and the mexican rapists, you don't get support using language like that with that tone of voice, do you? >> well, number one, he never called mexican rapists, not even close. and number two, latinos and hispanics, we tend to be antiillegal immigration. i'll tell you why. it hurts our communities. illegal immigration that takes away jobs from our communities and that lowers our wages. so if you're pro latino, if you're a latino voter like me who cares about your fellow latinos and the community, you're wary of illegal immigration, and you like what trump is saying. stuart: okay. i'm going to have to leave it there. i've got a very busy newsday, and i do apologize for that. but, look, thank you for coming. come and fill us in on future polls. >> okay. will do. thanks having me. stuart: check that big board. 65 points up for the dow industrial average. slowing economic growth, janet yellen suggesting that there
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will be rate hikes, but we don't know when. some point in the future. ashley: brilliant. stuart: a good summary. to happen's deal with iran. let's get to that. i spoke with the wall street journal reporter jay sullivan earlier today. he says president obama did not enforce the red line to get rid of assad in syria because the iranians threatened to leave the nuclear talks. so president obama caved. alley north on that cave. and it's friday, so we want to show you some feel good video. here it is. group of navy officers, ernie thompson is 98 years old, survivor of pearl harbor, they're singing anchors away, listen in. ♪ ♪ ♪ with this level of engineering... it's a performance machine. with this degree of intelligence...
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stuart: i'm nicole petallides with your fox business brief. well, we're off the highs of the day, right now the dow is up 25 points at 18,473. we did hear from our fed head janet yellen, likely to see gradual rate hike increases. however, it didn't say exactly when. and you do see the s& s&p 500 up five, the nasdaq up 21, the dow higher this week, oil right now 47.49 a barrel and energy stocks doing very well today. you can see them all leading
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the s&p 500 are among the winners on the s&p 50 s&p 500. dow winners here for the week, cisco, microsoft, procter & gamble all winners this week and several of the names are at a 52-week high, microsoft and procter & gamble putting in some gains there and we do start our day every day fox business 5:00 a.m., lauren simonetti and i will be there
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. stuart: we bring you news after i syrian attack, car bomb explodes outside a police station, 11 dead, nearly 80 injured, no one has taken responsibility for it but turkey's prime minister blames the kurds. now this. u.s. navel ships reportedly four close calls with iran in the persian gulf just in the last week alone. earlier in this program more on iran, a wall street journal reporter who said, look, when president obama laid down the red line on syria and said don't cross this, assad's got to go, the iranians said you do that, and we'll withdrawal from the nuke deal. therefore president obama caved. roll tape. >> earlier did frame his foreign policy in a lot of ways on this philosophy that he could engage american enemies. he could woo the iranians, the cubans, and it impacted a lot of policies.
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the green movement uprising in iran in 2009, which happened just shortly after the president took power, there was a push within the white house for the u.s. to come out more aggressively in support of the opposition. but the white house and president obama ultimately decided not to. stuart: the host of war stories, and he's a former counterterrorism coordinate for president ronald reagan. welcome back to the program. >> stuart, good to be with yo y. stuart: i want to repeat the premise of what jay sullivan was saying there. president obama lays down that red line and says don't cross it, otherwise assad, you're out. the iranians go crazy and say you do that, mr. president, and we'll withdrawal from the nuclear talks where upon the president caves. my conclusion is that the president hung his foreign policy entirely on the iranians, and that's a chronic mistake. what say you? >> well, i figure proceeds what jay was just talking about. stuart: yes. >> because iran supreme leader
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has been playi our president like a harp. it's been that way ever since he got to office. but four incidents in the persian gulf in the last four days. ransoms paid, the iranians running all over iraq, all over lebanon, running the country of lebanon today, and that's a sat trap of the iranian regime. the iranians and north koreaians are cooperating on nuclear weapons. this is a real mess and, unfortunately, stuart, we don't have anybody at this white house or this administration, nor has there been anybody since 2009 when they backed away from supporting the green movement stuart: back in the 1970s, i would venture to say that jimmy carter's presidency was essentially ended by the iranians. fast-forward to today, and i think you can say the foreign policy is in shambles because of the iranians. have i gone too far? >> no. in fact, what you've
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got today is the persian with the support of russia. they've deployed sa300 missiles, the most sophisticated antiaircraft weapon in the world around the iranian nuclear sites. we have the iranians working very closely with the north korean's on delivery system for nuclear weapons and working on that research and development. and what we've seen is the $400 million that we sent them in small bills unmarked in foreign currency is now being used to support all kinds of terrorism around the war. you've got iran that is ascendent. you've got essentially the growth of an entire movement all over that part of the world supported by the iranians, and they mean to have their way, and they're actually having it. there's no doubt that assad is going to survive this experience. and, by the way, assad just used chemical weapons again last week. do you remember that pink line drawn in the sand with obama's
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crayon? that was chemical weapons. stuart: thank you very much indeed. >> thank you. stuart: bring you this news too. top court in france says, no, you may not ban the burkini. ashley: southern france banned the burkini human rights filed a challenge and today the so call counsel of state is the top administrator said, no, you're absolutely right, this is the infringement of people's basic freedom and overstep of power by local mayors of this town basically telling women what they can and can't wear. now, don't forget the french prime minister said these are a symbol of the enslavement of women, they also, the burkini's create fear in the attacks in south of france where more than 80 people were killed by someone driving a truck into a large crowd. so bottom sideline the mayors in this case, at least one of the mayors said i don't care,
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i'm still going to enforce the ban. so the tensions remain high but the court says you can't ban a burkini. stuart: a cliché. tension is rising but it's true. ashley: yes. stuart: a refreshing change in what some would call liberal lunacy on college companies, the dean and the president of the university of chicago are saying, look, no more of these safe spaces at this school. that's interesting. we'll head there next. but first, i want to show you nike. one investment firm downgrades it to neutral from a buy. down it goes. tonight a special with nike's founder phil night. that's 8:30 eastern time. here's what he had to say about signing michael jordan. >> we were probably $600 million in sales then by 1984. and we really needed a boost, and we thought this young basketball player from north carolina might be able to help us that way, and his name was michael jordan.
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>> but he wanted adidas. >> well, he worn adidas in his high school games, and he liked it, but we came out and we sold it and he ultimately believed in us a great part of using the usaa car buying service was seeing the different discounts. it had like a manufacturer discount, it had a usaa member discount. all of them were already built in to the low price. i know that i got a better deal than i would have on my own. usaa car buying service, powered by truecar. that inactive satellite radio of yours is ready to roll. because the siriusxm free listening event is on right now! just hit the sat button in your car and listen free thru sept 6. that's right, two glorious weeks of commercial-free music, plus talk, sports, comedy, news, and more. your ride has never, ever,
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>> if you want to waste your vote on either one of those two, go ahead. "kumbaya" is over. [laughter] if you want to put people in jail for their use of marijuana, stuart, this is a topic 58% of america supports the legalization of marijuana, and i guess you want to continue to criminalize it? "kumbaya" is over, stuart, over! stuart: the interview started on a "kumbaya" note. were getting along just fine,
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and then we went kind of overboard. gary johnson, libertarian candidate for president. now, before that exchange we had those "kumbaya" moments. we agreed on the university of chicago, because they are defending free speech on campus. they're saying no safe zones where you don't have to listen to somebody else's opinion. none of that at uc, university of chicago, i should say. jeff flock is there. give me more on the reaction to this move. >> reporter: no more "kumbaya" here at the u of c either, stuart, apparently. i want to put up a quote from one of the student government leaders though. there is pushback against this. here's what he had to say. he says incoming freshmen, they should be invited to participate with their whole severals, but instead -- selves, but instead they must check their compassion and experiences at the door. usually you get students and faculty kind of aligned together against the administration at most schools, but actually when you poll the faculty, take a look at these numbers.
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62% of faculty say that this sort of thing, trigger warnings, has a negative impact on academic freedom. just 17% say it has a positive impact. kind of a realigning here on the campus as well. stuart: you know what, jeff? i think you need a safe zone if you're standing around at a university campus holding a fox microphone. [laughter] you need safety, son. you need a zone. >> reporter: i'm good. you'd be surprised. [laughter] stuart: enough of that. jeff flock, you're all right. we'll see you again soon. more "varney" after this. >> you hurt his feelings. [laughter] stuart: get me out, get me out! more "varney" after this. how many times do i have to say it?
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stuart: let me take you true the day in business -- through the dare in business, okay? 8:30 eastern time this morning, we got news the economy was only growing at a 1.1% annual rate.
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we heard from janet yellen at the federal reserve. she said she could make a case for an increase in the federal funds rate, that case is very strong in the recent months. then the tea levers got hold of what she had said, and they suggested there's only a one in five chance of a rate increase in september, so the dow jones average went straight up. at one stage i think we were up 115 points, now we've come all the way back down. show us, please. we're down 23 points. ashley, i have to conclude the tea leaf readers -- >> yeah. i had mine out until austin -- stuart: i think they've been looking at every word she said and have come to a very different conclusion. >> at first blush it was hawkish. of course they're going to raise rates at some point, and then the market went back up. it's just people trying to read between the lines. stuart: and now we're down 23, 24 points. who knows where we'll close today.
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>> connell mcshane probably knows. stuart: you know what? i think you're right. he's the founder of tea leaf watching. connell: i'm listening to you two brits that killed this market rally. [laughter] hand it over to me -- stuart: get on with it. connell: good job, by the way. [laughter] janet yellen did all but telegraph a rate hike, we just don't know when it's going to be. the initial reaction, well, you just heard about it. we go up in the markets, and now we go negative. i mean, we'll see what the next two hours bring for us, and i'll be there for the duration of that. i'm connell mcshane in for cavuto on cavuto coast to coast. yellen saying the case for an interest rate hike as strengthened but giving zero indication of a move soon, like in the month of september. so our panel to start us off this hour, we have our economy expert, that would be brian be be -- ia

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