tv Varney Company FOX Business September 21, 2016 9:00am-12:01pm EDT
>> thanks to our panel. anthony scaramucci, dagen mcdowell and "varney & company" begins right now. stuart: a riot in charlotte after a black police officer shoots a black motorist. law enforcement say he had a gun, and relatives say it was a book. and america's racial divide on display in north carolina. good morning, everyone, we will have more on that coming up. first this, ahmad khan rahami, the new york bomber, is now an election issue. he has linked immigration and terror. trump has seized on this, hillary clinton wants to move past it. now, rahami made trips to pakistan and afghanistan. he was radicalized there. his brother and sister posted
jihadi messages on-line and he was allowed to come back to america. a jihadi came back and planted bombs, immigration and terror. trump implies that his extreme vetting would keep rahami out. hillary clinton says that trump's position helps the terrorists. and no change in the migrants, obama repeated it. a migrant surge, janet yellen speaks and a very hostile congress. it's a big show for you. "varney & company" is about to begin. ♪ >> now, the market is not focusing on terror or the riot in charlotte, it's what the world's central bankers are up to. that's what counts today.
there is a new policy from the central bankers in japan. they want to get interest rates back up. i repeat, back up to zero. how about that? and this afternoon, janet yellen will announce interest rate policy from us here. take a look at the prices. we're opening higher for the stock market. oil $44 a barrel. the latest read on supplies comes at 10:30 and that could move the markets again. $44 a barrel, slightly higher. now this, riots in charlotte turn bloody after the fatal shooting of a black man by police officers. take us all the way through, please. >> what was happening was some officers in charlotte going through an apartment complex looking for someone who was wanted on outstanding warrants. they're in the apartment complex. they see keith scott getting out of the car, according to police, holding a weapon, they walk towards him, he gets back in the car as they get to the vehicle he then gets out of the car, still holding the weapon
and officers shot, quote, because they believed he posed an imminent deadly threat. now, a woman professing to be a daughter of the victim, of mr. scott, posted a message, if you like, on facebook that went viral saying that's not true the he was sitting in a car waiting for his son to be dropped off by the school bus and the only thing he had in his hands was a book. police, however, said they have recovered the weapon that they say mr. scott was holding at the time, but because of that posting that went viral, we see what happened in the wake, with people coming out beginning to riot. 12 officers injured as you said, stu, a local wal-mart looted and stopped at least three or four semi trucks on the interstate and looted those. >> tammy bruce is here and take a big picture of you for a second. i don't think that america has been quite so divided racially.
>> i think this is a very good example. i would disagree with that to some point. charlotte's also the city that had the horrible church massacre and in this country, that's the one place everyone expected riots. charlotte came together and it's a community of faith, everybody came-- there's no rioting, there's no violence, when you expect there to have been. in this case, so different, i think highlights how this is contrived and how it's left wing organizing. we've seen it, also, seemed to be based on circumstantial dynamics, you've got a state that's now in play politically and hillary clinton coming out with a tweet regarding the tulsa, oake shooting and another unarmed black man was shot in this incident. we have so much work to do and effectively encouraging-- >> taken aside. >> there were points when black lives matter people marched against her and i think this is part of her effort to try to reshore up the young black
support. stuart: it was not charlotte where the church massacre took place, it was charleston. >> charleston. >> it was north carolina, charleston and charlotte, we're looking at an attitude in the south and communities as well, you have the university community there in charlotte, but really, there's, i think, more when we think about the nature of what's happening liz: hillary made a comment about the oklahoma shooting says we have got to tackle systemic racism. that's now being viewed by law enforcement as confusing and upsetting. stuart: got it. that's what's happening overnight. that's what we've got this morning. let's get to the terrorist caught in new jersey. there were warning signs that were missed. his father called the feds, what, two years ago. take me through this one, ashley. all the way through. >> this is interesting, okay, there's the father of this suspect. he apparently called his son a
terrorist. a maybe heard him kicking him out and calling him that for attacking his brother. and do i believe he's a terrorist? the neighbor called the fbi check this out. they checked him. no links between this individual and terrorism. now, as we know, he went back and forth many times to pakistan, and a hot bed of fundamentalism and afghanistan where he was born. and as you mentioned earlier, stu. his brother and sister posting pictures on facebook and also the sister putting up an isis link showing attacks on new york. how the fbi, how someone did not flag this individual becomes even more mysterious with each-- with more information that we're getting. why he didn't go on any watch lists. stuart: right, he came back into the country and having been radicalized. he comes back in and plants
bombs. are the fbi's hands tied? that's a very good question throughout the show. i'm staying on terror and i want to bring on trump campaign coo, jeff dewitt. now, the opposition, your opponents are painting donald trump as an extreme, a divisive character. a bigot, essentially, because he wants extreme vetting and profiling. what's your response to that charge that he's a bigot? >> well, you know, it's the oldest charge in the democrat's play book to do that and to use this. where donald trump wants to keep our country safe and says, we need to vet these people to keep just people like that out and in specificity right there to say that makes him a bigot, obviously shows how hard they're trying to paint him a bigot. if you look at 17 candidates started on the republican side, no matter which one made it through, they would try to paint them as a bigot because that's the democrat play book. with donald trump, america knows donald trump and know he's not a bigot. stuart: trump's position
related to this latest incident is, you do it my way and that guy would not have come back in. is that his position? >> absolutely. stuart: and people like that will not come in in the future. >> absolutely. stuart: is that his position? >> and what you wanted out, the fbi's hands will be untied. we have to remember once they're in, if they keep going back there and getting radicalized then we have to do more to stop them about of they can do terrible things like this. stuart: does ebl that the fbi's hands are tied because of political correctness? >> i think everybody does, stuart, that's common sense that the obama administration's policies have absolutely tied the hand of law enforcement. you see what tammy pointed out, what hillary said, she's tying the hand of law enforcement. this, as i keep pointing out this is a jlo election, jobs, law and order, he is the law and order candidate and i think america sees the problems we have and we know we need a donald trump. stuart: i've got to break in
for breaking news. times square, new york city, suspicious package being investigated by police. it's in front of the mcdonald's, which is right there in times square. some streets have been evacuated as you can tell by the picture there, dead quiet in the background, one subway entrance closed, obviously, we'll bring you updates as they come in. but you're looking at times square right now in new york city. moving on away from politics and terror, let's get to the markets and stocks. milan, look at the stock. the ceo of that company will be facing hostile questions today from lawmakers, epi pen, and conflict of interest problems are going to be front and center. probably some bad pr coming down the pipe from mylan lab. that stock is down 20% because of the bad publicity this calendar year. how about microsoft? this could be the stock of the day.
it says it will solve, inverted comment, solve cancer in ten years by reprogramming diseased cells, this is a breakthrough story. a lot more on that and also, they're upping their dividend and got a new $40 billion buyback program as well. that could be the stock of the day. the new report from a medical journal. those fitness trackers that everybody wears on their wrists, may not making you lose weight, in fact, may make it harder to shed the pounds. [laughter] >> stop laughing. we'll explain. believe me. more trouble for tesla. a chinese security team hacked into the model s and took control of the electronic systems and control the brakes and did it from several miles away. >> 12 miles. very-- hillary clinton out with her plan to help the poor provide good jobs, affordable housing and focus on communities in real need.
she says that donald trump does not spend much time worrying about the poor. stay out of this for a second. and president obama makes his final speech at the u.n. as president and says we need to welcome more refugees to america. this comes one day after the weekend of terror. more varney after this.
>> now, here is a couple of my views. ashley, you've used it and three of us around this table use carmax. ashley: yes. stuart: they report lower profits. lower sales. we like them. >> more you guys. stuart: and that stock is going to open low, that's carmax. and fedex, and by the way, they're going to raise rates after the holidays, all of this is pretty good news for fedex which will be up sharply at the opening bell. one day after a terror suspect was arrested for setting off a
box at the general assembly, president obama is pushing for more coming into america. >> we have to open our hearts and help refugees who are desperate for a home. welcome the pledges of increased assistance made at this general assembly gathering, but we have to follow through, even when the politics are hard because in the eyes of innocent men and women and children, who through no-fault of their own, have had to flee everything they know and everything that they love. we have to have the empathy to see ourselves. stuart: pete is with us this morning. all right, pete. i think the president's heart is in the right place, that's a humanitarian heart and there are people in great need and they want to come to america. >> it wasn't just about humanitarian and heart, he's talking about a future where he
thinks that faith and flag plays no role. he sees humanity and open borders and we need to fund our international institutions more as if that's going to answer the problems as opposed to saying, america . we can do better in the world, but it doesn't necessarily mean we open our borders and and don't demand allegiance. hillary clinton says i want globalism and that's what barack obama laid out. stuart: if he says faith and flag don't count, why is it that the refugees coming to the refugees, in fact, almost 99% muslim, less than 1% christian? >> because flag and faith still do count. they see flag and faith. those who seek our destruction, see flag and faith, and cultures commit suicide and western civilization moved in the past. stuart: look at europe.
>> look at minnesota, the refugees from somalia after 20 years. the problem is not with the first generation, it's become a second generation problem that doesn't have the same allegiance and seduced by propaganda from isis and stabbing people in the mall and if you don't demand allegiance, and then you do have flag and faith flare up. is pete comfortable saying strictly limit the number coming into america? >> we're at war with ideology, radical muslims. yes, places where they come from, hit pause. if they say they'll infiltrate the refugees with isis, you don't have to say all muslims, but we know where the terrorists are coming from, from those places we're not going to do it right now. stuart: pete.
>> could i add something. this is president red line. standing talking about human tariumism. >> and how dare he take the high road when this was. stuart: point made. disturbing images from venezuela. hospitals not affording cribs. putting newborn babies in cardboard boxes. this is what happens when a socialist country collapses. elizabeth warren, scourge of wall street, tearing into the chief of wells fargo, calling him gutless. more from that exchange after this. the microsoft cloud helps us
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>> returned one nickel of the millions of dollars that you were paid while this scam was going on, have you fired a single senior executive and by that i don't mean regional manager or branch manager. i'm asking about the people who actually lead your community banking division or your compliance division? okay. so you haven't resigned, you haven't returned a single nickel of your personal earnings. you haven't fired a single senior executive. stuart: it went on from there, resign, said senator elizabeth warren, and you should be criminally investigated. that was the hearing where she berated the ceo of wells fargo yesterday. now, today, maybe something similar coming up, the house is going it hear testimony from the chief at mylan, who raised the price of epi pens. tammy bruce is here still.
now, there seems to be a pattern emerging here, where congress, in an election year, a couple of months before the election, goes right after unpopular ceo's. >> it's also the events that occurred, of course, this wells fargo debacle, elizabeth warren, boy, was she impressive and she stood for this long before in election. this is partly what got her elected was this, the nature of these issues, americans found out what companies that are not watched over can do in the 2007-8 collapse. we don't want complete regulation certainly, but i think that americans know that shenanigans happen and millions of people affected by the wells fargo situation. epi pen, the same situation. millions made by ceo's, prices, skreely, another example, without a degree of public responsibility and decency. we can be successful and have
both. stuart: this is fodder for hillary clinton. you're going to grab on this business performance issue and run with it. >> well, see, this is the issue, that we don't want government to have overregulation or control, but elizabeth warren is right, without being asked those questions, without personal responsibility and demanding it of companies, these kinds of absurdities will continue. it doesn't happen everywhere, but it has to be watched and this is what the senate can do. and she's a perfect example what can be done in that bully pulpit. >> here is a headline for you, microsoft will solve the problem of cancer in ten years. and an image after the e. coliout break. the message, our food won't make you sick. is that going to get people back in the stores? the stock will be down a little bit. mylan's chief will be grilled
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will start in about 15 seconds. we're looking for a gain on the dow right at the opening bell. 50, 60, 65 points somewhere like that on the upside of expectations. we closed yesterday, 18,129. i don't have the charts with me, but it's a pretty narrow range for some time now. we're off and running and 35 points and 40 points in the very, very early going. 41. most of the dow 30 are in the green, that means they're up. we have indeed opened to the upside. not much, but 66 points to the upside. .3%. how about the s&p, that is up .3%, exactly the same percentage game. nasdaq, where is that up .4%. yet again, the technology stocks leading us all higher. the price of oil right there, about 44, $45 per barrel and we'll get a read on the supply of oil coming in, an hour from now. mylan's chief will be grilled on capitol hill about the
rising price of the epi pen and we're going to talk to an allergy mom. and wells fargo's chief faced the anger, over phony accounts and berkshire hathaway is a big owner of wells fargo stock. warren buffett who runs berkshire hathaway is not saying anything right now. the stock is down this morning. look at fedex. profit, big boost from the stronger revenue and express and ground and freight business units, raising rates after the holidays. the market loves it. kb homes sells more homes at higher prices and that stock is up 3%. we're one and a half minutes in and we're up 80 points. who is with us, ashley webster, liz macdonald and dan. it seems that wall street has
moved on talking about a rate hike in december. is that what's going to happen? no rate hike this month, but maybe a hike in december? >> the markets are certainly not looking at a rate hike. i've been calling for a rate hike, i don't think they'll do it. plenty of time. december is probably the probable date. that's why we're bouncing this morning. what you say, dan, no rate hike this month. probably one in december, do you agree with that? >> well, in order to get one in december. i want to see some economic data come out that shows the economy warrants a rate hike. right now what we've seen the past few weeks doesn't say that. i'm 50/50 on a rate hike in december. maybe that's why they're headed to a 100 point gain in a couple of minutes. what do you think, liz? i know you're not a fed watcher, but no rate hike september, probably one in december. >> yes, and moving along at a scorching pace.
stuart: you agree? >> move along. stuart: it's a politicized federal reserve, they wouldn't raise rates right before the election. they would love to do it after the election. >> they started the beginning of the year, four rate hikes were expected. can you get in line with that, a politicized fed. >> it is. in 1979 when the fed raised rates it cost jimmy carter the election. they're not going to raise rates. >> dan, a politicized federal reserve unwilling to raise rates before the election and probably like to do it afterwards. what do you say? >> i think that's absolutely true. it's not any bias towards one candidate or the other, they just don't want to be seen as influencing the markets one way or the other. stay away from it. stuart: i want to bring you the story on viacom. they have cut their dividend and there is news on their paramount division. can you keep this simple? i will do my best. tom dooley, interim, on this
story, he's out of here and will stay through november the 15th. they're cutting their dividend and by the way, they say they've given up on the process of trying to get the minority investment in paramount pictures. and that's what sumner redstone got so upset. >> there's trouble at viacom? >> yes, but now they're trying to calm the waves if you like. >> and let's get to mylan, shall we? their chief is going to be grilled on capitol hill. the question is, the stock is down, not much, down 30 odd cents. the question is, are we going to see a repeat performance of yesterday when wells fargo's chief was skewered because of fake accounts and bonus pay? the same story all over again? >> it's going to be the same story and i think as the stock gets hit on the hearings, i think it's a good opportunity to buy here. coming down close to a 52-week low. the news is already out. so no matter what happens on the hill, the news is out and
the stock is going to rebound. >> you don't own is now? >> look it, i want to see what happens in the hearings. the stock comes down and it's going to represent a buying opportunity. >> so it's down before the hearings, let's see how it performs during the hearings. how about wells fargo stocks. and shareholder came down to-- it was down this morning and held steady during this contentious hearings yesterday and we've got to tell you about the big shareholder, that's berkshire hathaway, owned, or run by warren buffett. he says no comment right now on the phony account scandal. berkshire hathaway has roughly a 10% stake in wells fargo. >> he told that he won't be commenting anywhere. and j.p. morgan chase, bank of america, goldman sachs, the berkshire hathaway owns stakes in that. and the stock was up and gained nearly 3 billion in value yesterday and lost about 22 billion.
stuart: wait, wait, wait. yesterday the wells fargo chief was absolutely, they wiped the floor with this guy. >> that's right. stuart: especially elizabeth warren, and the stock gained? the company gained? >> it got an upgrade, that's why liz: the thinking is they put it in the rear view mirror, 2.8 billion it went up yesterday in market value. stuart: we're down a little bit this morning. [laughter]. what do i know about stocks? and we're up this morning, 88 points above 18,200. how about this one? bayer, german company, is considering letting go of, dismissing the name monsanto. remember, they've got-- a buyout deal going on or trying to. the monsanto has long been associated with gmo, frankenfood. remember that, demonized by the greenies and maybe bayer in the acquisition will get rid of the
monsanto name and get rid of the problem. i don't know about that. they expect it's to be completed by the end of next year. monsanto is sitting there and-- >> don't expect it to be doing. >> exactly right. what about the anti-trust reviews between europe and here in the united states? >> that's why the stock is still at 104 despite the much higher bid. >> general mills, their sales down for the fifth straight quarter and hurt maybe by weak demand of yoplait yogurt. and the green giant vegetable business. the stock is down and i can't follow all the companies that they host. would you buy general mills? >> it's got a great dividend yield, i'm not a buyer. >> what's the dividend? i know it's off the top of your head. >> it's close to 3%, somewhere around there. it's old school stock and it's going to scratch and claw its way higher. there are so many technology stocks. >> we're going to get to one of those in a moment. how about lower profit and
lower sales at the car retailer, carmax, down 3%. here is what i think could be the stock of the day. microsoft, yes, i do own some microsoft shares, owned it for more than a decade. they plan another 40 billion dollar stock buyback, they've raised their dividend to 39 cents a share from 36. they also have really ambitious plans to beat cancer. okay? what exactly liz: what you're seeing there, cancer is a computer virus that should be solve by cracking the coast, it's computing. >> and dna put it inside the living cells and see if it gets disease by cancer and stop it. they want to do it in ten years. . >> this is a huge technology company with a vast amount of money getting into an entirely separate edge.
reminds me of amazon, reminds me of google and you still like microsoft. >> microsoft could have got stomped out at 66 and change, and i think it's got-- the stock market to the market. if it comes back down we'll get back in it. >> i think this is the stock of the day, the story of the day, more on it later. look at chipotle. trying to win back customers and explaining food safety practices in a new ad campaign. lori rothman, give us the detail on that campaign, please. >> bfree burritos didn't do the trick. the e. coli virus sickened people in several different states. it's taking out ads in the wall street journal. nine other major newspapers as well as digital ads and luring customers to its website. so, it can in detail explain the safety measures it's taking to protect your food. make sure you, the customer will not be poisoned by what chipotle is putting in its
burritos. they're blasting pathogens off chii chiizo. stuart: whatever you say. and controlling the brakes ev. ashley: they're not the bad hackers, but they put the tesla through the hacking test and failed spectacularly. they could open the car, unlike the car without the key fob. adjust the seats and windshield wipers and the big thing is the brakes. bring it to an if you will stop from 12 miles away. the weird thing about this is, you think of tesla such high technology, it's surprising it's so vulnerable to hacking, but they are.
these chinese hackers working with tesla to try ap patch up the vulnerability. stuart: is there anything that can't be hacked? >> no, apparently not. >> tesla to me the story shorted and i think it's going down. to are me i want to figure out how they got wi-fi to work 12 miles. i can't get it to work-- . [laughter] >> dan, have you got anything to say about hacking from hacking 12 miles away to a tesla? >> well, if they can do it from 12 miles away, certainly able to do it from much further and everything that we have now is more and more computerized so you're going to be very careful, very vigilant whatever electronic devices you have. because it's a sad reality and we're going to have to deal with it. stuart: all right. and we will. how about the fitness trackers, they're about 100 bucks. do you think they're going to help you lose weight? any again, maybe, what's this, a false sense of security? >> yes, it's interesting.
university of pittsburgh, took over two years, so, it was a pretty thorough investigation. what they did, they had 500 people and lost weight and for the next 18 months, half were given the tracker and half weren't. they come back, the group that had no trackers on them lost more than the ones who had the trackers. the question is why. a couple of things that the scientists believe, a, you think you're healthier and eat more because, hey, i've got a tracker. so i'm honestly being healthy so i can eat guilt-free. and a lot of times, you set yourself goals, steps, miles, you give up on it, a couple of reasons. stuart: or run two miles and fitness things said i've run two miles, i'll have a cheeseburger. >> would work for me. stuart: dan and shah gilani, thank you for both of you. dow is up 77. back in a moment.
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i think this'll be our biggest flavor yet. when you only have one shot, you need a whole lot of ingenuity. he's a race-baiting, xenophobic, religious bigot. sage. donald trump is a phony, a fraud. he's not a serious adult. i can't vote for donald trump given the things that he said. trump should not be supported. i believe he's disqualified himself to be president. i just cannot support donald trump. i am proud of you, my man. making simple, smart cash back choices... with quicksilver from capital one. you're earning unlimited 1.5% cash back on every purchase, everywhere. like on that new laptop. quicksilver keeps things simple, gary. and smart, like you! and i like that. i guess i am pretty smart.
don't let that go to your head, gary. what's in your wallet? > >> the stock is down a little after 15 minutes of business. we are-- 18-2 is where we are. the father of ahmad khan rahami warned the fbi that his son may be a terrorist and later retracted that claim. the fbi did not do any interview or monitoring of rah haimy. warning signs missed. judge napolitano is with us. >> it seems that the fbi when investigating anybody who is a muslim, what do you say? >> there were a lot of warning signs missed. the nsa failed to discover that he photographed himself on his
cell phone practicing how to explode a bomb in new jersey. the nsa failed to discover and reveal his trips to pakistan and the places he went in pakistan and all were recorded on his e-mail. the fbi has revealed this information this morning. the fbi, i can tell from you my personal experience with them, as an institutional reluctance to get involved in domestic issues, disputes within the family, irrespective of the nationality of the family. they don't want to go near it. they think it's an issue for local police, particularly when the complainant retracts the complaint and causes them to believe, this is just an argument within a family and it's not for us to investigate. stuart: do you think there was an unwilling inest to go into a family situation as oppose today an unwillingness to go into a terror situation.
>> yes, i can tell you from my personal experience, the joint task force, you have state, you have local and you have federal assets working together. is aggressive. and not afraid to investigate someone just because of their last name or their religion. i think they made a prudent determination here that the father was a little off the wall because he retracted the complaint within a few hours of having filed it. stuart: do you think in the future we'll see a more hard-headed approach to any concept of terror? this man could have killed a lot of people. >> he came close to doing so on 23rd street. i've been complaining about surveillance, everload of information, too much information to sift down to the nitty-gritty to find the bad guys because we now know what the government possessed, it was warning signs, showing his
family how he's going to explode a bomb in his back yard and tapes it on the phone and the nsa has that and don't send it to the fbi. stuart: that's no reason to back off from surveillance. >> absolutely. no reason to back off of surveillance from him. but it is to back off surveillance of you and me because it's waste of assets and information overload. stuart: and donald trump is basically saying, people like that, keep them out-- >> a child-- >> he went over there to pakistan, afghanistan, and still allowed back in. >> why did we not know that he was radicalized. by the time the nsa got to that information, it was too late because they have too much information. stuart: his brother and sister were posting jihadi messages on-line. >> all should have been picked up. it all should have been picked up. stuart: so we should take a much stronger line. >> at the people who can cause us harm.
not the good people like sir stuart. stuart: me, baby. >> you can give up your rights and i can give up mine, the theory of natural rights and all. stuart: and we're 20 minutes in and we're mostly in the green, 76 points. the fed's interest rate announcement at 2 p.m. eastern. that will move the market, probably. politics, hillary clinton outlines her plan to help the poor. no real surprises. she uses her article in the new york times as a vehicle to attack donald trump. also, the price controversy over the life saving drug epi pen. up next, a mother whose child life depends on that epi pen. the lady will join us after this. anything worth pursuing requires knowledge, hard work and a plan. at baird, we approach your wealth management strategy the same way to create a financial plan built to last
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mother, that lady's mother was involved with the national association of state boards of education. she was influential in requiring schools to have those epi pens. conflict of interest? maybe. gina is with us, the mother of a ild with severe allergies who needs and uses epi pens. is that correct? >> that is correct. >> give me a story because you have two sons, you had them in the studio not too long ago. i have three sons, one has severe peanut allergies and we require an epi pen if something happened. it's not something you use on a daily basis it's if something were ingested. stuart: how much did you use today pay for the epi pen. >> about $100. stuart: out of your own pocket. >> out of my own pocket. stuart: what do you pay now? >> yesterday i went to ask and it's $800. stuart: you're kidding me? >> $800. stuart: does insurance pay any of that.
>> insurance can pay some of it. depends on the insurance you have and some don't pay for prescriptions in their insurance. stuart: $800? >> $800 for a device that, the actual medication is adrenalin. it costs nothing. the patent that mylan has is on the injector which was not created by them. it was created by an engineer at nasa. stuart: and what happens? have you ever had to use the epi pen with your son? >> no, thank goodness and i think that's interesting, what is scary when you raise the prices and the parents say should we get it because he's never had to use it before. that's what puts the kids in danger. people are now, i believe, take more of a risk on whether or not they have them. stuart: if you were a congress person and asking questions from the lady from mylan today, what would you say? >> you know, i don't really know what-- what she can say to them because everything i've read is--
i'm just a mom, i am not in this and it seems like the biggest scam i've ever seen. she keeps saying in these reports, they're not profiting why et she gave herself a $16 million a year raise. i guess 2 1/2 million a year wasn't enough for her and that seems to put children, including my child in danger for her to have that. stuart: just a technical question before we close, do youngsters grow out of the peanut allergy? >> it depends. 20% can. peanuts are the most likely to have the rest of your life. stuart: thank you, gina. i'm sure you'll be following the hearings just like we do. appreciate it. now, at the top of this coming hour, hillary clinton's plan for the poor. more affordable housing, investing in infrastructure and manufacturing, and an attack on donald trump, all laid out in today's new york times. i have asthma...
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stuart: if you are a frequent viewer of this program you know we believe a return to prosperity should be the big issue in this election, grow the economy but look at this, gallup reports a sad and telling story, the middle-class is shrinking and it is the middle class is saying that, the number of people identifying as being in the middle has dropped 10 points from 61% in 2008 to 51% as of right now. the national institute of retirement security says nearly half of all households, 40 million households have absolutely no retirement savings at all, no 401(k), no company plan, nothing. 0 saved for retirement. obamacare supposed to make healthcare affordable? it is collapsing, the middle-class being squeezed. janet yellen will address the
state of the economy, she has to explain why 0 interest produces very little growth. that is the top job. instead of a return to prosperity we are dealing with anti-police riot in charlotte and a terrorist allowed back into the country. america is not happy, 48 days to the election and the second hour of "varney and company" is about to begin. we are on top of the news happening moment ago, the police chief in charlotte commenting on the shooting and riots overnight, roll tape. >> mister scott exited his vehicle armed with a handgun as officers continued to yell at him at 7:00 pm, the officers encountered protesters who were coming to protest the officer
involved shooting. an hour later they saw, we saw the crowd transition from protesters, demonstrators to more aggressive agitators who began to break the law. stuart: the police chief says they got a gun. relatives of the dead man said it was a book, it was a gun, that is what you saw. also happening now, capitol hill, john car skin in on the hot seat over his role in the irs targeting of conservative groups answering questions from house lawmakers who want him impeached. we will bring any major developments. check the big board, we are up 85 points, 32 minutes into the session, how about the price of oil, up at $44 a barrel, we get a read on the supply at 10:30.
record high for softwaremaker adobe, they make the popular acrobat reader and they reportable 41% jump in prescription revenue and that is going straight up 6.5%. back to hillary's plan for helping america's poor. and article in the new york times. >> solutiofor poverty. you provide jobs, access to jobs, providing affordable housing. with regard to good jobs we need good paying jobs, manufacturing technology, clean energy, adding to the housing issue there has to be more about about housing. how do we do that? let's expand the low income housing tax credits and need to focus more on those communities that double the money for the head start program, expanding childcare and guaranteed paid leave and takes a lot of swipes at donald trump saying he doesn't have time for poverty,
just wages i too high, under the trump plan says hillary clinton it will push the economy into recession and more people into poverty. stuart: that would be my opinion too. let's bring in the tenured professor of economics, peter morici, welcome back to the program. i am sure you have seen hillary clinton's op-ed in the times, more of the same. what do you make of it? >> a tactical move, nothing new, sounds like she is catering to the poverty industry but in reality it is a good article for shoring up her base with middle-class women in the suburbs in places like pennsylvania and on fox it will be up shortly, trump needs to pivot in their direction. she is quite right that he hasn't had time to address these
soft issues that are of interest to them. keeps focusing on immigration and trade which focuses on his base but until he starts to pivot in this direction and see how he will address poverty and middle-class concerns about childcare he is not going to win. stuart: he had a huge child care plan. didn't seem very republican to me, he has a huge tax plan which creates growth. isn't that an answer to jobs, manufacturing, talking frequently about trade, that would help manufacturing. i don't think he relegated this issue to the banks or the backyard, it is full front and center saying we are going for growth. >> these are good for generating growth, and the specificity about childcare plan for the kinds of issues women are looking for for the government solutions. hillary sounds plausible to them until we talk about more
conservative approaches that address these problems and this is labeling more of the same. in baltimore where the fellow came from the shootings in baltimore more different than it was 24 hours ago. my state, the state of maryland and federal government laid on huge amounts of money, award-winning school and drug trading going on in broad daylight the new york times covered but federal agents can seem to find. stuart: you are all hyped up but i am not hearing trump has a growth plan and hillary does not. >> trump has a better growth plans and hillary, hillary has a welfare plan. i understand that. stuart: you are talking politics, trump's approach was not political enough. >> campaigns are political.
several days ago when within one point of clear politics he was down by 7 or 8 in pennsylvania. show me the man and those suburban women, something not enough working-class folks to overcome them. and in the upper midwest, you got to win pennsylvania and places like that those folks are more pro-government, more jeb bush, has to pivot in that direction and he is not going to win this thing. stuart: peter morici, professor of economics. in charlotte, north carolina, police officers injured in violent protests, reaction to a fatal police shooting of a black
man, let's watch this. >> they said hands up, he got a gun. that is it. he had no gun. stuart: that was on social media, that provoke the riot. police a few minutes ago said it was a gun. moments ago donald trump tweet the did the this and here is the quote. the situation in tulsa and charlotte are tragic, we must come together to make america safe again. republican from north carolina congressman mark meadows, what is your take on what we have seen overnight and the police story this morning that there was a gun? >> any time we lose lives it is
troubling and we need to pause and look at the circumstances but we are a nation of laws and i have worked alongside our law enforcement officers in the charlotte area and across western north carolina, they are the most trained, most disciplined law-enforcement group i ever came across and to suggest the behavior we saw last night in charlotte is somehow justified is not something i support, or the vast majority of americans support. we have a nation of laws, we want to make sure we give law enforcement respect and honor they are do. stuart: we are a racially divided nation, are we not? north carolina is exactly the same. >> we are but this is not as much about racial issues. in western north carolina we are
bringing together clergy and law enforcement and they are working in a real way to make sure communities support law enforcement officers. we take social media in certain circumstances escalating out of control and we hear this morning there was evidence he had a gun. those are split-second decisions that have to be made. obviously when we do that, there is a court that should upload it, lady justice is a blindfold and whether it is law-enforcement or a perpetrator in the wrong we have to trust our judicial system to weigh in and not handle it on the street. stuart: you are on the house oversight committee, the epipen pricing policy, yesterday we saw congress people having a go at the ceo of wells fargo. are you going to join in and have a go at mile and's ceo this
afternoon? >> one other guest said she is just a mom. nothing is more precious than our kids. when we look at the pricing there is a go at two groups, when is the pricing structure, was it price gouging? were they taking advantage of the market? the other is on the fda side, have we made andrea to the pharmaceutical business so much that it creates these anomalies, parallel track to look at a free market solution to make sure moms and dads get the medicine they deserve for their kids. stuart: we will be watching this evening, we appreciate it. this. new surveillance video of the man accused of placing bombs in new york and new jersey, ahmad khan rahami, part of his journal released, he wrote about bombs in the streets and shooting police. president obama, opening hearts to refugees, take them in, he says. more varney after this. these goofy glasses.
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stuart: stuart: we are up 78 points, most of the 30 stocks of the dow industrials are in the green. it is an up market, viacom cut their dividend, stock is up, dividend don't count, target announced a new $5 billion buyback plan, same as the quarter before, it is up 1%, netflix stock down to a 6 week low, a report that domestic subscriber growth, not all as we would like it to be. we are down 3.5% on netflix. new video of the new york new jersey bomber, ahmad khan rahami. what are we seeing?
ashley: we have seen other images, we know about cameras, you have taken a picture every five steps but interesting to follow the path of this individual and that excludes a video he is carrying a bag of bombs, you never know who is walking past you on the street. that is the latest picture that has come to light. they recovered a journal of this individual, ahmad khan rahami. and part of that he made this quote. god willing the sounds of the bombs will be heard in the streets, gunshots to your police, death to your oppression. that is where his head was. stuart: mayor bill diblasio pushed back a meeting with people who live near the bombing site where the explosion went off to go to the gym.
>> it is a building, more than 200 visually impaired people, told to stay inside when the attack happened. he was supposed to meet with them at 11:00 yesterday morning and the new york post has photographs of him going to the gym, having coffee with his wife in brooklyn, and told to stay inside when that happened, they were very scared. stuart: a nice tagline to the story. these recent attacks show how difficult it is to prevent homegrown terror, not a traditional style of warfare. the institute for the study of war. how do you fight this war where they are here, not in uniform, they are among us. how do you fight it? >> people say you cannot defeat ideology with military strikes that that is partially true but you can defeat enemies through
military strikes, then defeat the ideology. in world war ii we defeated japanese imperialism, german fascism and russian communism militarily first, then we defeated the ideology. stuart: your position is you defeat them militarily over there, that is job one, you think. >> absolutely. we allowed this fight against isis and al qaeda to drag on for too long. american policy regardless how we got here we are simply marking time against isis, al qaeda, hezbollah, taking the fight to the enemy. stuart: the institute for the study of more. there is more going on on the domestic front. how do you fight that war. go over there and bombed the hell out of them and how do you buy the ones we got here now? >> the federal intelligence community, and those victories
can't be publicized because we can't -- we are getting through seepage, in an active war against ideologically-based enemy there is going to be some link through. the federal intelligence community, local law enforcement doing overall a very good job, how many terrorist attacks are permitted, we are doing a good job overall. of the one i their hands tied by political correctness? >> federal law enforcement and local law enforcement have their hands tied, we have constitutional processes in place, the guy was an idiot, he said a lot of things that were wrong before he committed his terrorist attack but how do you prosecute the guy until he consequentially engages in that? stuart: you don't call it workplace violence. >> correct.
it was incorrectly identified as workplace violence. we put a lot of constitutional restrictions on federal and local law enforcement. we should not abandon those constitutional processes in the name of security. stuart: until they got a bomb, an atomic bomb and then we will worry about constitutional protections. thanks for joining us. appreciate you being here. to the market, we have mostly green, the dow is up 75 points. we are going to solve cancer in 10 years, talking about this all through the show, $57.48. shocking footage, reno, narrowly escaping death, sitting on the runway, another flight approaches from behind, nearly takes his head off, the pilot is fine.
who don't have access to basic banking, but that is changing. at temenos, with the microsoft cloud, we can enable a banker to travel to the most remote locations with nothing but a phone and a tablet. everywhere where there's a phone, you have a bank. now a person is able to start a business, and employ somebody for the first time. the microsoft cloud helped us to bring banking to ten million people in just two years. it's transforming our world.
stuart: i flat-out love this microsoft story, not because i own the stock but because this something new and exciting. they say they will solve cancer within a decade. >> they are assembling a small army of the world's best biologists. they say there is a deep connection between the healthcare and mathematics, between computations. this is science-fiction to the highest -- they are going to create a computer out of dna that can live within the cell and identify cancer cells. when it is identified it will reboot the system within the body and wipe out the cancer. they say it is a computational problem, you think of biology and computing is chalk and cheese but there is a strong connection between the two and it is a mathematical issue. stuart: a high-tech corporate story. microsoft is behaving like
amazon or google, using their enormous money to branch out. liz: reprogramming sell to a healthy state, wow. it is computational, it is like amazon trying to break into groceries, cars or rockets, for microsoft to be doing this is a dramatic change in direction for this technology company. stuart: look who has got the money, apple, microsoft, google and amazon, probably $1 trillion and tentacles going all over the place. i love it. i do own microsoft stock. the price of oil, where is it? it will change in the next few minutes. 45 as of right now and we get new figures at 10:30. president obama says welcome more refugees. he says history will judge us harshly if we don't open your heart. more varney in a moment.
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stuart: i have the numbers on how much oil is in storage. liz: they see oil moving higher, 2% trending between that range, between 43 and 46, 47. stuart: less in storage, we are using more. scott shellady, you just saw these numbers, you trade oil in chicago. what do you make of this drawdown in supply? >> stocks higher going back to
the ashley webster ratio. we would have to have a really big build to see oil trade lower but we have a big draw, $.50 very quickly right away so it keeps oil thin all day. stuart: we are up $1.36 at $45 a share. while i have got you a quick question on the federal reserve, around this table, no rate hike in september but probably one in december. what do you say? >> absolutely not one today, look at our growth, one person gdp, production and manufacturing numbers are horrible. they are going to talk themselves in december, we have too many numbers between now and then but i say we don't get one this year. stuart: it is a total mess of their own making. get back to your trading desk,
make some money, see you again. president obama in the un about the strong us economy. a new poll does not back up his claim. gallup says americans who say they are in the middle of the upper-class dropping by 10 points since president obama took office, self identifying as middle america, self identifying, shrinking. joining us is white house press secretary to george w. bush ari fleischer. always good to see you. why isn't the economy and return to prosperity topic number one in this election campaign? >> for the american people topic number one is lack of economic growth. you feel it and this is the most important factor that makes people think the country is on the right track. more than unemployment or a lot of other data and the reason is obvious, it impact paychecks and
sense of optimism about the future and when the economy is growing at a 1.1% rate certain people will do well, most americans do what we are. stuart: why is this not topic number one in the election campaign? hillary clinton maybe want to soft-pedal that for a wild but i don't understand why donald trump has the i got a growth plan. >> donald trump hasn't handled it properly. when the economic data came out the first gdp numbers was one.2% he was attacking republicans that they. when it came to 1.1% they put out a statement from staff. these are predictable days from provisions to gdp coming out, major economic data comes out, you can put it on the campaign calendar, they failed on that to catch up to them. it was too late. stuart: are you a never trump guy? >> no.
i said in may when he won the primary, there is a lot about donald trump i don't like but i will vote for him over hillary any day. stuart: what do you think of the polls but so it really tight and the electoral college count is tightening, what do you make of this? >> it is likely hillary wins this race. donald trump has become too unpopular, and it is favorable, unfavorable in the battleground states. donald trump has to make himself as like or dislike that hillary clinton. of the gap is huge between the number of people who don't like her and the number of people who don't like him he can't win. that is where he has to cut the gap. stuart: i have not seen any polls yesterday or today which take into account the terror attacks for the weekend. i do believe this guy, ahmad
khan rahami. i think he has become an election issue. donald trump says keep people like that out and hillary clinton is talking about bringing a lot more refugees, muslims into the country. what do you say? >> there should be equal focus on what happens in minnesota, who did make this overt islamic terrorism, attack americans. history does show when there are terrorist attacks in the country people want strength, somebody who will do something. hillary makes the case she has judgment to do something about it, trump takes the casey have the strength to do something about it, history leaned toward trump's argument. of the one we will leave it at that. pleasure to have you on the show. president obama called the un general assembly, we should open our hearts to more refugees.
watch this. >> we have to open our hearts and do more to help refugees who are desperate for a home. welcome the pledges of increased assistance that have been made at this general a family gathering but we have to follow through even when the politics are hard because in the eyes of innocent men and women and children who through no fault of their own have had to flee everything they know and love, we have to have the empathy to see ourselves. stuart: joining us now as pastor of first baptist dallas, that would be a church, that would be robert jeffers. welcome to the program. we have had this discussion before. on the one hand there is an overwhelming humanitarian need to do something about literally millions of people who are genuine refugees, genuinely
persecuted. on the other hand we had a terror attack in new york and new jersey. we have to be concerned about security. as a pastor you have to be cognizant of the humanitarian side of what is going on. >> absolutely and we all want to show compassion, but obama's plan is absolutely ludicrous was when you remember three things. these refugees almost exclusively are muslims, not christians and jews as you report on very frequently. secondly, all the recent homeland attacks, whether it be orlando, san bernardino, fort hood, minnesota and new york have been committed by muslims, not by hindus, jews or christians. it is politically incorrect to say but nevertheless true, a terrorist today is exponentially more likely to be a muslim than a christian and the final thing to remember is isis has told us they are going to infiltrate the
refugee population. why in the world would we allow undocumented muslims to come into this country right now? obama's policy is not rooted in christianity, it is rooted in insanity. stuart: donald trump is in cleveland speaking to a largely black audience. i want to listen in for a second. >> of our party, we need a civil rights agenda for our time, one that ensures the right to a good education and the right to live in safety and in peace. it also means the right, so true, so unsafe, when you see people being shot in the streets, walking to a store with their child, often times their child being shot, for no reason whatsoever. so sad. it also means the right to have a government that protects our
workers and fights for our jobs. i want to rebuild our country and i want to rebuild our inner city. stuart: donald trump in cleveland addressing inner-city safety and prosperity and jobs. you heard what he had to say very briefly. what do you make of this? donald trump's outreach to the black community. >> he is right in the polls with african-americans and latinos to the democrats consternation because he has a policy that appeal to everyone, not just one segment. what he is saying the last several days is resonating with americans. he is running not to be president of the world to be president of the united states and talking about the immigrant situation we want to show compassion to immigrants was there are ways to do that by creating safe zones and getting rid of isis which is there
reason for having to flee their land but we need to show compassion for our citizens. what about those victims of terrorist attacks in minnesota who were hit by a hatchet for the victims in new york city, we need to show compassion not just for people outside our country but for our own country as well. that is the message of donald trump that i think is resonating. stuart: robert jeffers, we thank you for being with us and i apologize it was so short. we are jampacked with news these days and that is the way we like it. take a look at apple, reportedly approached mclaren, the supercar engineer, apple's approach about a potential acquisition. >> a huge dinner, they are looking at this, another indication of the iphonemaker transforming the automotive
industry, a huge move, not clear if they are considering a stake in macleod or the whole thing. botox to do this started several months ago showing the ambition for a company like apple to get into mclaren. it is a huge name in formula one racing. stuart: incredibly fast car. a bit like microsoft, handsome research which apple goes after mclaren may be. check the big board, up 74 points, pretty much on hold because 2:00 eastern we get the announcement from the fed. oil is up, stocks are up, we will be back. running a business is hard.
but with your determination, and a domain, website and personal support from godaddy, you'll join millions who have gone from idea to success. start your success with a $2.99 dot com domain for the first year at godaddy dot com. stuart: "varney and company" start at 9:00 eastern and here is what you missed in the last hour. stuart: if you are a congressperson asking questions of this lady from mylan today what would you say? >> i don't know what she can say to them because i am just a mom. i am not in this deep. it seems like the biggest scam i have ever seen.
stuart: hours away from the mylan chief going to be grilled about skyhigh epipen prices. are we going to see a replay of yesterday when congresspeople gave wells fargo's chief a real difficult time? we will be watching this afternoon. let's go back to charlotte, north carolina, reaction to a black police officer shooting unarmed black motorist. it was a book that went on social media, a riot in tune, 16 cops injured, one hit in the head with a brick, david clark is with us. this seems to be an example of where a claim made by relatives gets on social media and
provokes a riot. the police come out and say it wasn't a book the man was carrying, it was a gun. this is ridiculous, isn't it? what is going on here? >> that was charlotte, north carolina, usa, looks more something out of haiti or some other third world country, primitive behavior on display at best, subhuman behavior at worst was what bothered me is the reports i read, the motorists in the middle of that stuff got injured, got the property damaged, 12 law enforcement officers, many hospitalized, no casualties taken on the other side, this is no criticism of the line officers but orders coming from the top, just get officers unnecessarily heard and killed, these tree stumps out there last night these were riotmaker's, looting and criminal behavior. they have no idea what was going
on and i don't either. stuart: who will tell them to knock it off? >> police action will discourage them. law enforcement officers know what level of force to use that would discourage this behavior, disperse the crowd quickly, they used in teargas but as far as i'm concerned they were hanging around as long as they were they didn't use enough teargas, you have to disperse the crowd and let them know if you continue to hang around here, and engage in this behavior it will be dealt with assertively. too often in many situations, you have to be aggressive in early hours to discourage them from this behavior but it bothers me innocent motorists got caught up, protect life and property to all reasonable force, not minimal force, not
de-escalate. and riot starters to disperse from the area in behave in a more human fashion. stuart: when the riots started doing this for political reasons. >> that is why i call them tree stumps. they haven't thought this through. the fact they don't know what is going on, neither do i but at least i'm willing to wait. four month in december 2014 after ferguson i know these people, i know what they are up to, anarchists are exploiting poor people and urban ghettos to be a riot starters, until police commanded understand the movement, in cities like newark,
detroit and la, milwaukee, they try the soft approach and these individuals to hurt and the law enforcement officers and in detroit, they needed to be police did not act assertive enough and aggressive enough early on to dissuade and disrupt this subhuman behavior. stuart: sheriff clark, out of time unfortunately but thanks for joining us. big gas shortage in the south, relief may be coming to the south today, we will take you there live in a moment. we ship everything you atcan imagine.n, and everything we ship has something in common.
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>> has anyone ever heard what i read every once in a while? i can do it if you like. that i do it or not? ashley: that was donald trump using a snake analogy when talking about refugees, we will way that in school in our next hour and that is what stuart varney is getting updated on. in the next hour, fresh evidence of the unraveling of obamacare
and democrats want to fix it with more government control. the shrinking middle class and wells fargo controversy, the irs commissioner under fire, some gop lawmakers want him impeached, judge andrew napolitano will talk about that. first a major gas shortage in the southeast getting bad, jeff flock in georgia, some stations only have regular gas. jeff: this is one of those stations, this is the diesel pump, we are in suburban atlanta. the prices have jumped up too. it was $2.09 last week, we are at $2.39 for regular. we are waiting for word on the colonial pipeline, the big jugular vein of gasoline from the gulf coast to the east coast, waiting for word that
they have resumed pumping. we have not gotten that word. we constructed a bypass, but they have not pressurized it yet and got the gas falling through it. we hope to have that in the next hour. stuart: the sooner the better for motorists, breaking news the sec charged leon cooperman with insider trading, alleging he was generating substantial illicit profits by purchasing security, pipeline partners, head of the company's sale of its natural gas facilities in oklahoma. hedge fund manager leon cooperman charged with insider trading, more after this. so what else is new? how's your mother?
umm..she's doing good. she needs more care though. she wants to stay in her house. i don't know even where to start with that. first, let's take a look at your financial plan and see what we can do. ok, so we've got... we'll listen. we'll talk. we'll plan. baird. fixodent plus adhesives. there's a denture adhesive that holds strong until evening. just one application gives you superior hold even at the end of the day fixodent. strong more like natural teeth.
insurance companies dropping out. if you like your plan, can you keep it? no. all along the line with called it the way it is. obamacare is a costly and disruptive failure. the people who brought us obamacare are now tacitly accepting its demise. what are they doing? calling for even more government. they want what is called a public option. this is their plan onalong but they knew if they were honest they would fail. this is an election year coming election issue. hillary clinton after supporting obamacare not how good. trump once obamacare repealed entirely. watch out for the first week of november when the jurors have gigantic premium hikes. foreign policy a disaster in the president achievement obamacare is collapsing. no wonder a majority thinks we are headed in the wrong direction.
the third hour of "varney & company" is about to begin. >> we have to pass the bill so you can find out what is in it. >> if you like your doctor, you will be a lot to keep your doctor. if you like your health care plan, you will build and keep plan. >> affordable. there's a reason. affordable, affordable, portable, affordable. the >> if you'd like to play and you have come you can keep it. if you like your doctor, you can keep your doctor, too. [cheers and applause] stuart: well, well, well. obamacare pushed on us. it is failing. the fix, public option government run health care. betsy mccoy is beyond their of
beating obamacare. welcome to the program. i think we agree upon the terrace by doing. >> only 18% of people on the latest gallup poll think their family is benefiting from obamacare. stuart: it is dead and dying. you also say that the public option of being able to buy into medicare regardless of age or something like that. that was not going to get through. the >> even when democrats controlled both houses of congress, they could not get the public option through. of course much is riding on this coming election but it's very unlikely that democrats will have sizable majorities in both houses of congress. there you have it. stuart: where are we going? >> it's going to depend on the election. going for more coercion.
hillary clinton are one of the answers. they want to hold the gun to the heads of young healthy people who don't want to pay these high premiums. they want to increase the penalties that they will buy in. it will become not obamacare, stalin care. when mrs. clinton proposed sharon held six way back in 1994, she told congress that people don't want to enroll, we will auto enroll. if they don't pay we'll garnish wages. stuart: if hillary wins it will be more forced obamacare. >> more enforcement. on the other side come if trump once he has vowed to repeal it. i believe i'm the first air close to the first day he will say something like this. no one should be penalized for not having health insurance. until congress acts, let to spend the obamacare penalties. after all, people were told they would have choice and affordability and this law gives them neither. stuart: the big deal is the mandate. must have coverage.
>> that's right. the president alone cannot remove the mandate. the congress must act with the president. the president alone can suspend the penalty for not having insurance. that eliminates the mandate. if you're not penalize you don't have to sign out. stuart: so we either go hard-core obama >> that's right. forcing healthy people. it is a bad deal because chronically old people used 10 times as much health care as healthy people. healthy people know when they have to pay the same price as they are getting ripped off. >> stalin care. pretty good state of play. thanks very much. back to the news a few minutes ago. hedge fund manager leon cooper and charged with insider trading. >> indeed.
the fec saying leon cooperman essentially who was a big stakeholder and atlas pipeline partners use that to get inside of the upcoming deal that the spy plane company was given a sell off its facility that it held in oklahoma. what they say if you use that information, the private inside information and bought a bunch of stock ahead of the sale. >> that's a very big story about a very big personality in the hedge fund andness. thank you very much. president obama continues to tell the strong u.s. economy while addressing the u.n. yesterday. however, the ceo of gallup says otherwise. 61% of americans consider themselves as middle class in eight years before the president took office. 61% said we are brittle of the road. we are middle americans.
however, now it is 51%. we dropped 10 points among those people who think they are in the middle. congressman jeff panzer lane, republican texas is right here this morning. the middle class is shrinking. why is prosperity for the middle class not the number one issue in this election right now? >> it clearly should be. it all has to do with obama not mix. we are having the slowest week as economic recovery in the history of the republic when they had super majorities. we need fundamental tax reform. we replaceddodd-frank. we have to hold the unaccountable bureaucrats accountable who are slowing down our economy. and we have to let the american dream work for the next generation and it's clear from this data that they don't believe their children will have a higher standard of living for
a better life. >> the overriding priority of this election is growing the economy. if we can grow 3% to 4%, it's more of the same. what are you saying? what are you saying to get us the growth? >> i really use this term, but it's un-american to grow this economy at 1.5% to 2%. it's uncharacteristic of us as a people in our history. number one, chairman kevin brady of my fellow texan put forth a plan for fundamental tax reform that would assure we have become addicted tax system. it is fair, flatter and individuals could fill out a postcard that would help ignite economic growth. in my own financial services committee, we have a bill called the financial choice act that replaces and repeals.frank is putting capital on the sideline.
you can't have the benefit without capital. right now, what we see is the economy has slowed down. we have seen the big things have gotten bigger. the small banks have gotten fewer. entrepreneurship at a generational low. small business funding at a 25 year low. we want people to land. use your own private capital. we get rid of bank bailout. we have regulatory relief for community financial institutions which are the lender to our small businesses and the job creation engine of america as the republicans have a plan and we think our candidate, donald trump would adopt most of our planned so american need to focus. stuart: okay, now wells fargo chief executive yesterday took a lot of heat before congress. this afternoon the epipen people
will face the music in congress. is this okay with you taking executives to task on capitol hill? >> our job is to make rival bid and assertion accountable for executing the law. number one, i want to hold wall street accountable but i want to hold washington accountable as well. it appears than the wells fargo case there was huge amounts of fraud. it's gone on for years. i want to know why has it gone on for years? why did it take "the l.a. times" to break troy? where were the regulators could people and read it and these things with legions of examiners when they dismiss this was going on for years. frankly, i think that millions of customers of wells fargo are let down by their bank by their
governor as well. stuart: jet had curling, thank you for joining us. another issue clearly divided country. police say he was armed at the 16 police officers entered in the rioting. wal-mart was looted. more on this coming up for you. tons of new information on the terror suspect ahmad khan rahami. his wife fled to pakistan a few days before the attack. he may not have acted alone. the full report is next. [inaudible conversations] when it comes to healthcare,
changes how we work. what we do together changes how we live. oand i'll be right backe seto take your order. thank you. thanks. don't you hate that? when they don't tell you how much something costs? and you have to ask? right. i do. maybe that's why i always make sure to... ..."bring up the costs associated with your services." i know. hey, i'm nothing if not predictable. lemme guess, the salmon? being transparent about our costs.
>> she loves several days before these bombing. conflicting reports. some say she turned herself in. regardless she is talking to it already is in the uae. she left for pakistan. that was their destination. the rahami's mother, she also left the u.s. she flew to turkey back on august 24th so wife and mother rat of the country. >> they knew what was coming and they left. i'm not assuming that. a lot of people are suggesting. i want to bring and ryan morrow, national security analyst for what is called the clarion project. welcome to the program. a neighbor of rahami is saying he could not about it alone.
>> the neighbors said he had all these bad connections. how do you go from nondescriptive bat connection to a neighbor authoritatively saying he could not have acted alone and unless the neighbor can provide specific information i wouldn't say this is part of the act itself. it could mean you hang out with the wrong crowd here the neighbor did see some thing but i doubt the neighbor is enough of an analyst to look at that in say i know what happened. trade to why was he let back into the country? he went several times to pakistan and afghanistan. he was radicalized over there backwards and forward several times. he was let out the dead but going off it goes. though fbi interview. the fbi has its hands tied by whatever political correctness is out there. goodnight i know one person across the country. they definitely like their hands are tied largely because of the
word it will violate civil liberties. they are accusing them of profiling and there's a lot of restrictions. it actually happens a lot. there are a lot of cases where islam is who should not do that in the united states, do you think like fun raised for serious rebels. the >> this happens commonly. >> we could. >> you have to not allow them into the u.s. you have to have the department of homeland security and say you're not allowed in. it's obviously much more difficult to use the noncitizens to the united states. >> you think this would be a good move. you're not coming back here. you think that would be a good thing? >> could be a good thing to interview where he was reportedly visiting in pakistan. everybody knows that they can't defend stronghold.
all the information we've are now through journalist. we've got a problem here. they do they did the intelligence community. transfer the brother and sister were posting on social media. >> is pulling information from different law enforcement sources in the way the government did not. trade to did you any sign we are going to change take a much more restrictive policy on who comes then? >> i've been shocked when i'm trading different personnel about a situation in the area and i provide information they didn't know publicly available. that happened almost every day. stuart: the bomb that did go off in new york city that injured 29 people. liz: possibly 31.
train two and a slightly different circumstance people could've been killed. >> definitely. what is it take to say you're not coming back? >> inc. about how long it took for us to realize al qaeda was a thing in 9/11 happened before change happened. you do if a bit federal government and sometimes change only happens when they're forced to. stuart: things for the information. come back and update as please. a very important subject. i want to take a quick look at a poll in north carolina. very much a key state. this was announced very recently to elon university. i believe that is a move in favor of trump over the last couple weeks. that poll will not take into account the terror events over the weekend. we thought we would bring it to you. trump 44, clinton 43. after the break, hillary clinton's plan on what she says
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denouncing her plate to help the poor writing in "the new york times" op-ed this morning. give me the bullet points. liz: good jobs, affordable housing with tax credits. those are the bullet points for hillary clinton's plan to help the poor. stuart: that's it? trade for different structure, yeah. trade creates many low-income housing, tax credits, investing more money. train to when she talked about stimulating private enterprise? stuart: i don't mean to be facetious about this, but you want a plan to help the poor. i want to hear how you're going to do this. >> this is a popular selection like never before. bernie sanders was about tighter. barack obama was an outsider. look what quinnipiac is saying about who cares about the poor.
gary johnson pulling 29% of their vote and hillary donald trump virtually neck and neck within the margin of error. he gets 26%. she gets 31. train to the other day, donald trump got thousands and the people to a rally in florida. the temple university and the crowd was -- liz: 300. we don't know the seating capacity. these places -- a lot on capitol hill today. john koskinen with his role on house conservatives good lawmakers want him impeached. the ceo of mylan, the company that makes epipen testifies on why her company raised the price of the drug at hundreds of dollars. will anything come of either of these hearings?
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dallas president obama in a recent page touting his legacy he will leave behind. the national review guys with us. the president was really passionate about that. he was almost angry. he was shouting. >> a lot of energy there. i think it took 36 hours to have any response to that. >> i think he feels he might be threat. he honestly wants to have hillary win and not everything overturned but i'm insulted by this notion that we have to show up and we were insulted if we black folks don't support him.
if anything he should apologize to black americans draw the hope and salvation when he came in. instead we've got an incredibly mixed economy with 58% increase on food stamps. we just recently got a bit of an improvement unemployment the labor force participation rate is still down. a lot of areas things are worse under obama did when he arrived via stuart: that emotional appeal, while at work? will it give black turnout up to the levels when he was running in 12 and away? >> he got 95%. i don't live it's going to be that high. hillary clinton is not that exciting. black folks have looked around and said it expected a whole lot war. donald trump makes an effort to go into black communities and asked for black votes. there's some evidence that he's getting some traction in one poll says he has as much as night teen .6.
even if it's off by 50%. that is still way higher than mitt romney and john mccain had. >> just for argument sake, 15% of the black vote, he wins. hillary loses. >> that's why he should continue to go to black churches and can do need the effort to think about though. stuart: i want your take on what happened overnight. a black police officer shot and killed a black motorist. it went on to facebook i believe that was saying the man was holding a book, not a god. it seems like we are more divided in america than we've ever been before. >> tremendous tension. it seems like we're making progress in the right direction. stuart: why is this? where the black president in the united states and in charge of homeland security.
>> the second black attorney general wrote. stuart: why the intensive divide? >> a lot of people and others who have the situation. in november for hillary clinton to win this got to get the black turnout out there. a lot of people stirring the pot. and while there are legitimate questions and concerns about police out of control or out of control are misbehaving, not to face the consequences. there's no purpose served burning down a wall. i don't know what wal-mart has done to hurt these people. it's completely put a negative smear across any positive message we have. >> maybe this is an unfair question it if the election were held today, what would be the divide between hillary clinton and for donald trump. >> i don't think it will be anywhere as will be anywhere as high as under obama. at this point drop might get 10%, 12%. if he continues for another 45, 46 days you can get the teams.
stuart: that's why the president was so demanding. we appreciate you doing. the house judiciary committee meeting now. they are trying to impeach the irs commissioner john koskinen. let's get some comment now from judge andrew napolitano back at this hour. i say this koskinen impeachment goes nowhere. >> leadership has said were not going to bring it to the floor said the committee came do whatever they want. he can't be impeached until there's a full house vote. if they don't bring they don't bring it to the floor doesn't matter what the committee can do. whatever they do this morning is to highlight the unlawful behavior engaged in by certain high-ranking officials of the irs under commissioner koskinen's leadership.
but it goes nowhere because republicans who control the house do not want to confront the prospect of impeachment now two months from election day. stuart: is it exactly same with the e-mail? it's not going to come out in full before the election. >> yes, but i take issue with exactly the same. little that congress can do an e-mail scandal because democrats controlled machinery prosecution. she clearly should have been prosecuted no matter what you does a mountain of evidence out there. it's more than enough for probable cause. more than enough to get an indictment but that is not going to happen. frustration is the same and in that respect i agree with you. maybe something will come out after election day. if she's elected it will be moved. if not it will be up to the trump administration decide what to do with that. stuart: another hearing this afternoon on capitol hill.
the epipen company taking all the heat. you are with us at the wells fargo taking all the heat. what about today? >> possibly we certainly won't be as aggressive as yesterday. senator elizabeth warren was an emmy award-winning performance. a classic and brilliant examination of the ceo of wells fargo. but today is a different story. you have a ceo whose father is united states senator and his mother was deeply in all did the mass marketing of this product. in fact, making it available in schools at the very high rate for public funds were being used to pay for this thing. it's going to go nowhere. is it any business but they decide to charge the congress will say yes because it medicare
and ultimately government funds but i don't see it going anywhere. stuart: it is a political issue and you don't like that. i understand that. at the same time, something may come of it. if a conflict of interest is exposed by virtue of the latest mother and her activity in the education system and a sharp increase in prices, something may come of that. it is not just political. >> i don't think we will see anything like what we thought yesterday. yesterday we sought a united senate banking committee, republicans and democrats agreed. chuck schumer, you remember this, gloating. is in a timely agree with regulatory efforts and nobody disagreed. i don't think you see that today. you'll see some people say this a free market if they keep charging so much the glut of business in the ceo saying we have generic version of this that we can get to you and will charge you a lot less. he probably won't see any
mention of senator mansion whose her father. they will be a real conflict of interest if he's on the committee interrogates her. that we will have to see. stuart: judge, good duty today. thank you very much. where are we? the big board first of all we come down a little bit. we are up 45 points. we have been up 85 i think u.s. everybody's waiting for 2:00 p.m. eastern time when we find out what the fed will do with interest rates. the price of oil up 2.5%. we found out there is a big drawdown in supply. in other words, using about, driving it out of the supply chain. that puts the price of oil up. apple, extraordinary story. if you know anything about cars, that is a british supercar engineering company to make formula one cars of the mclaren team. how about that? talking with apple about a
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>> good morning everyone. live on the floor with your fox business brief. stocks are higher but had gained from the opening bell up 50 points right now i had of the federal reserve decision on interest rates. after the bank of japan decided to maintain aggressive stimulus. let's unpack the doubt for you. some winners and losers at this hour. microsoft leading the way up 1% on a share buyback program. $40 billion plus boosting the dividend by 8%. caterpillar up as well weighed on the dow at this hour each off by about one half of 1%. coming down about 1%. ahead of the fed's speech today, up about $12 per troy ounce. talks about raising rates in the price of gold to reverse. let's get you back to "varney & company." ord?
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we're not passive aggressive. hey, hey, hey, there are no bad suggestions here... no matter how lame they are. well said, ann. i've always admired how you just say what's in your head, without thinking. very brave. good point ted. you're living proof that looks aren't everything. thank you. welcome. so, fedex helped simplify our e-commerce business and this is not a passive aggressive environment. i just wanted to say, you guys are doing a great job. what's that supposed to mean? fedex. helping small business simplify e-commerce. >> along the lake a tenderhearted woman saw a snake. zero well she cried, i'll take you in. like we are doing. now she hurried home from work that night. as soon as she arrived, she found that pretty snake she had taken in had been revived, but
instead of saying thank you, that snake gave her a vicious bite. i saved you cried the woman and youth bit me. heavens why. shut up silly woman said the reptile with a grin. you knew well i was a snake before you took me in. it's amazing. going to happen unless we get very, very smart. stuart: i watched him do that snake story. he was obviously using it as an edit for for bringing in refugees. i was surprised because that was a very homey little talk, he doesn't normally do that. president obama disagrees entirely. he says that the united nations we must open our heart to refugees. roll tape.
>> we have to open our hearts and do more to help refugees who are desperate. we should all welcome the pledges of increased assistance that have been made at this general assembly gathering but we have to follow through even when the politics are hard. in the eyes of innocent men and women and children who through no fault of their own have had to fully everything that they know, everything that they love. trade to the president of course. we are joined by congressman lee belden, a new york republican. welcome back to the program. it's been a long time. pleased to see you again. would you say no to the 110,000 refugees to syria that are supposed to be coming to america next year? would you say no? >> i do oppose the refugee settlement program as it currently stands right now
because as currently defined, it can to co-opted by terrorists. the fact that we cannot appropriately that all those incoming refugees while you might be able to bring some people here who do not seek a harm. the fact you can have a single terrorist and a group of 100 refugees who will carry out a terrorist attack unfortunately means you can bring that are about 100 you wish our al-assad in syria is not a partner. they've been in syria for many years. it's not like we can look at documentation improve diet graphically and ideologically that applicant is who they say they are and if you're the best interest of america with shared goals. stuart: got it. okay, congressman had the clinton foundation drying or does it them because they are celebrating a teacher -- also
the wife of a palestinian man convicted of a terrorist attack that killed israelis maybe 25, 30 years ago. your reaction. >> it's incredibly flawed, bad judgment. right now especially with hillary clinton in running for president of the united states. now is the time you would be seeking to strengthen our relationship with our greatest allies around the world. none greater than israel. palestinian terrorists, the fact that we see hillary clinton with much of her policy and statement as well as the quick foundation at two beauties, cnn and other within the democratic party here at home doesn't stand to make a good argument for those choosing to pick the candidate who will
keep us most safe and secure by strengthening relationships with allies. stuart: i understand this morning president obama will sit down at the white house with benjamin that yahoo!, the closed-door meeting. i don't think there's any precedent mare. i bet you'd like to be a fly on the wall between these two hostile leaders, would you not? >> no doubt about it. i would love to be there and help cut across some of the semantics in games played on the part of this president. quite frankly our allies around the world are owed an apology. instead of american leadership going around the world, the president of the united states apologizing for america's greatness. if he has an apology is loved, he should be apologizing to the way the additional daylight has been created between the two of them. when running for reelection the
president was seeking him in his campaign team may wish he were someone else in the oval office right now policies, and the most recent agreed-upon program to of understanding. the iran nuclear deal of course. so much evidence the president has not the best friend. stuart: i wonder if he's got any friends left. who's out there? a close, firm ally of the united states. >> the good news is using israel as an example is israel is filled with leadership and its experience. they love and adore and respect the united states. i have heard it from them firsthand. fortunately the strength of the bond between american and the citizen of those countries were aligned with. it is going to outlive this president even though it's been tested. stuart: congressman lee belden, republican new york. thank you.
look at microsoft. the stock is up 1% and the company says it's going to solve cancer within 10 years. dr. siegel on not one. i want to hear more about that. donald trump will join lou dobbs tonight 7:00 p.m. eastern on the phone to 7:00 with flute tonight. ...as a combination of see products.. and customers. every on-time arrival is backed by thousands of od employees, ...who make sure the millions of products we ship arrive without damages. because od employees treat customer service... ...like our most important delivery. od. helping the world keep promises.
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train to attention tesla drivers. tonight you can get a software update that will enhance the radar and other features in your car that will improve the autopilot function. stocks down 200 bucks a share. they say they are going to solve cancer within 10 years by reprogramming disease cells. mark siegel, the great dr. is here. no i did not. mark siegel. now, they take these fell out of the body and they put a miniscule computer in it, reprogram the cell, stick it back in your body and it attacks can't there. is that generally the theory? the mac or they put it in the device and must live in real-time and corrects the abnormalities that occur. that's the second way they do this.
you have to understand what is a cancer cell? were the genetic programming went haywire and there's making abnormal proteins. we saw the genome already so we can figure out which genes are going abnormal in which proteins are going abnormal. microsoft putting computer technology, engineering and biologist together. to look at all of this together in figure of programming tools to correct the genetic abnormalities as they occur. stuart: i am wildly enthusiastic about this because it seems to be something completely new come a different approach from a company with oodles of money they can put in to it. am i right? >> espn billions of sales and they have the machinery to do this. we always look ahead and say biologists looking at that.
and on college is looking at that. when you put together engineers, mathematicians, programmers and biologist, you end up with a model that works. remember, we've got to get generics that are abnormal back on track. you can do that through programming tools. stuart: is it possible to reprogram a billion cells? can you do that? >> no, but there's something called crisper, which is genetic editing that allows you to edit out bad mutation. it is the clone of bad selves. we have the tools. stuart: i've got breaking news about terror. transfer the fbi putting out to try and track down the two individuals they say. i don't know how clearly you can see this. 21 known individuals picking them up, saying that they are seen locating a piece of luggage
on the sidewalk on west 27th street not far from mix lotion. they find a piece of luggage on the sidewalk, removing them or by six was the device from the luggage and then they take off leaving the device behind that taking the luggage. this was between 8:00 p.m. and 9:00 p.m. to the point it was not one in acting alone. stuart: the implication is he did not act alone. two other people may be involved in this. so the word terror cell is again operated. very, very important. we will have more "varney" after this. when it comes to healthcare, seconds can mean the difference between life and death.
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doctor right away as some can be life-threatening. tell your doctor if you have heart or blood vessel problems, or develop new or worse symptoms. get medical help right away if you have symptoms of a heart attack or stroke. decrease alcohol use while taking chantix. use caution when driving or operating machinery. most common side effect is nausea. this is for real. i'm a non-smoker. ask your doctor if chantix is right for you. stuart: new york police department holding a news conference moments from now, they don't know the subject they will be discussing but we will repeat what the fbi says about
the two men. they were seen near the site of a bombing over the weekend on west 27th street. it was a terror cell. that is the news of the moment. neil: we will be going to the fbi when the press conference ensues. a dramatic development in the financial world concerning hedge fund manager leon cooperman charging insider trading. issue with an investment the fund made before the sale of the natural gas facility. cooperman says this is about nothing, detailed analysis and recommendation of a former investment analyst who left the firm several years ago. cooper telegraphed to a war on the wealthy, might recall when he was last th