Transcripts For FBC Varney Company 20240622

Buy . And jeb bush. I like what he had to say. Its time for america to get back to work. The left actually criticized him for it. I cant wait to get into this and hillary, deflecting criticism saying there was no subpoena for emails and proven wrong yet again. What difference does it make . Weve got a big day coming it does make a difference. Varney company starts right now. Were talking about over 3,000 stocks that trade here on the floor of the New York Stock Exchange that are still halted at this time. Do we need it anymore . And its an anachronism almost this is odd to me. I think theres something more that we might be missing only because behind the scenes we dont know whats going on. This market has proved completely side ways since this happened. I dont know if someone is pushing the pause button, but it feels weird. Of course we were all over that big story, Varney Company and the fox business network, this was the place to be when the news breaks, its always the place to be and we want to get back to it. So lets talk to Liz Macdonald and Charlie Gasparino. Charlie youre saying from the beginning, you know concerning the amount of volume that now goes with the specialist in handtohand trading that it did not affect or have an impact on the market . There are two stories here one is the fact that i said time and again, is that given the structure of the market this was the this didnt affect the small investor at all and just shows you how insignificant the New York Stock Exchange is. Its quite frankly, the place where it happened. This happened throughout the whole New York Stock Exchange it didnt effect the electronic venue it affected a small sliver. And they are an anachronism. I want to say with this theres another side of the story which is i i think where the rubber meets the road here and this is because the New York Stock Exchange is a venerable institution, a point that neil cavuto made time and time again yesterday. That this is an Inflection Point about that venerable institution. That is no longer the big board. Although. And it is the little board. I posed the same question to dick grasso on my show and he said the exact opposite. And you know im and obviously listen he came up from the very bottom at the New York Stock Exchange and maybe a lot of people argue that he was at the mincle of it, but hes saying that it was a prime example why its so important because the trades are going off and 50 other venues, but maybe the price of people, volumes are wrong, he says that we actually proved it was proven yesterday. And i had a subsequent conversation with him and i wrote a book about the New York Stock Exchange and i understand his point that if you have one less piece of liquidity in the market, guess what . You have less bidders on stocks and that distorts the prices. He admitted when push comes to shove that the system and thats hang on the issue is that you know the Stock Exchanges response to it was poor and it didnt inspire confidence hang on it reminded me when the squirrel shut down the nasdaq in 1987 and inspired that much confidence and their reaction to it come out and say, yes, the software when it arrives. And the nasdaq it wasnt as bad as the nasdaq price breakdown. And what about the idea were talking about the other elements of this. The come hence of the individual investor. Lets ask liz on her opinion on this. The New York Stock Exchange right away our guy gets your point and handles the majority of the volume. When you say wall street were thinking traders on paper here. Its a learning upgrade to understand that its arca and as one trader said i said on camera yesterday, 11 other exchanges. Right, again, thats but lets be clear here its our job to educate the average investor as to whats going on and its the example that dick grasso pulled about the potential pricing irregularities. You think he wasnt being sincere . No, he was sincere, but they were minuscule, and lets say, why didnt the New York Stock Exchange come out earlier . cause if they did, they would have proven how insignificant they are. Ive got other conspiracies on that. And Nicole Petallides who did an amazing job. First of all, nicole do you have lights on there . Nicole the lights theyre flickering, just kidding everything is going smoothly here this morning. Weve got the nyse statement, they are expected to open smoothly and everything is perfect at the moment so thats what were looking for. The big picture yesterday was quite a busy one to say the least. We were talking about all the stops here and as you talk about Investor Confidence and you know they cant necessarily see all of those other venues that we talked about, we talked about the trading venues other places to trade. This is what they see. This is how they get it and they want to make sure that its working perfectly. So thats why they took it down. All right. Nicole, thanks a lot. I want to bring in dave hes a parameter securities and now, youre what we call one of the good guys and yesterday was one of the theories that we tasked around and people have a feeling something is among because we started today United Airlines was closed down and New York Stock Exchange had issues and wall street journal had its issues one after another after another, this of course, the night before anonymous maybe the sort of tongue in cheek, saying making comments about wall street. A lot of coincidences. Is there a chance that they could be connected from your world point of view . Theres always a chance it could have been a malicious attack. But, you know i think a lot of people are looking at the whole anonymous thing and talking about the issues that the china Stock Exchange happened. I spent nearly two decades before i became a hacker actually, on the side and even though these are three Different Companies that have three different unique services they provide, they use some of the same horde wear and software and it could have been an issue that was relevant throughout the all of them were using. So. So youre not saying necessarily it hasnt been malicious it could have been something that went through a system all at the same time. One of the things that a lot of people dont realize is that were focusing hypersensitive on the malicious attacks, but when we talk about security incidents, less than 10 of all security incidents are actually malicious. You know, were talking about availability yesterday, it didnt matter whether anonymous hacked something or whether a router went down. It was still a security issue. From your professional point of view an institution like the New York Stock Exchange has been around for a couple hundred years. They do a software upgrade. How smart is it or how realistic is it that they kick it in in the middle of week instead of hey, we put it in on a friday night and test it all weekend long and its ready on monday morning . A lot of times they do have a release schedule and a lot of times the companies dont want to put it in on the weekend. They want to be able to make sure, you know monday may be a busy day, im not sure what their actual release schedule is. The thing to understand is no matter how many people you have, these updates arent always perfect and they had a rollout plan able obviously, they were down for a couple of hours and this could have been a lot worse. I tell you what we dont know yet how bad it will be with respect to the lingering Public Relations impact. Dave, thanks a lot. We appreciate it. Thank you. All right, listen these have been a rollercoaster days and today will be the same. Except the good news were going to start on the upside. The dow is going to be up from 171 even perhaps 200 points by the opening bell and we do have news coming out right now from the imf. Believe it or not once again, i think they do this every other week. Theyre trimming their Global Economic forecast for the year and no impact on the market. They do this every other week and its going to be zero. Lets take a look at oil. Oil held in there pretty good. A solid bounce today. Down double digits in the month of j you will so this could be a knee jerk bounce. Taking a look at gold right now. The end of the year trade holding in there good. 1164 and always a look at u. S. Treasuries, the flight to safety trade, youve got seven basis points that means money coming out of there, going back into the stock market feeling like perhaps the coast is clear. All right, now to this jeb bush is getting slammed by the left for what he said about getting the economy growing. Take a listen. My aspiration for the country and i believe we can achieve it is 4 growth as far as the eye can see, which means we have to be a lot more productive, and worse force participation has to rise from the alltime modern lows. Mean that people need to work longer hours and through their productivity gain more income for their families. Charlie, the left went off on this. Its not because he said people have to work more. The left is selling for the idea that we can embrace socialism. Well give from the corporations and give from these people. Jeb bush is going to sell or try to sell to the american public. No, only one way to have prosperity in america and thats to roll up your sleeves. I think he used unfortunate words. Charles what words . People have to work longer. The problem is you have very high wages and employment growth at the very top, at the very bottom and everybody in the middle gets screwed because of the way the tax system and because the way that president obama has socialized the economy. Thats the problem you dont think at the bottom if youre only working a 30hour work week, and roll up your sleeves and work two jobs . There are ways to work out of it. Every time on the saturday show you have a different job, but thats not the problem with our economy. Our economy is not producing good paying jobs. One of the reasons theyre doing that because we have immense headwinds and man made headwinds by president obama and the democrats in congress. And created the 30hour work week. And we should be hitting on. I will tell you something, last year over 3 million jobs created experts say 1 million because they lost Unemployment Benefits in other words, they had to go back to work. Thanks, guys. Listen, were less than 20 minutes away from the opening bell. The nyse criticized really harshly from everyone including Charlie Gasparino how they handled the situation yesterday. Strong words from someone who knows a thing or two about Crisis Management and weve got big tech names in the news. Super poligrip seals out more food particles. So your food wont get stuck and you can enjoy every single bite. Eat loud, live loud, super poligrip. Super poligrip holds your dentures tightly in place so you never have to hold back. Laugh loud, live loud, super poligrip. People with type 2 diabetes come from all walks of life. If you have high blood sugar ask your doctor about farxiga. Its a different kind of medicine that works by removing some sugar from your body. 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Common side effects include urinary Tract Infections changes in urination and runny nose. Do the walk of life yeah, you do the walk of life need to lower your blood sugar . Ask your doctor about farxiga. And visit our website to learn how you may be able to get every month free. All right. Guys, big names in tech in the news and laura lauren rather, the headlines. I can be laura, thank you, charles. Fantasy sports has got a new revenue generator for the revamped sports app that lets you bet on sports. More than 50 american americans play daily Fantasy Sports. And they say the betting game is legal and it will keep 10 of the entry fees that the players pay, so its a nice moneymaker here. And here is another story for you about streaming. Wouldnt it be nice to watch the movie at home a few days after it hits the screen. Paramount pictures starts streaming films two weeks after they leave the theater and that comes from the wall street journal and down sharply from the traditional threemonth period. Three months, two weeks, not bad. Paramount inking a deal to shrink that window onto upcoming horror movies. Its likely going to give a cut to the revenue, too, to the theaters. Were talking streaming. Look at this and hulu reporting a staggering right to south park thats more than what it paid for seinfeld. Some people say theres nothing wrong with that. Charles you know my son is more of a south park and that seinfeld fans. Theyre getting all the generations here. Charles they get the beverly hillbillies im in. [laughter] jeff lets face it what is the trade expecting today . Hopefully a smooth open . It was a smooth open. You can see the dollar options pit every other. A lot of people talking this morning. What happened in new york was a nonevent and if the same sort of thing happened here you dont have the same other options. You cant do other stuff. Like you can do yesterday. Right, we trade corner here and nobody else trades corner here, they do in other countries and not here. According to the u. S. If this shuts down they would have to put it back to the Recovery Bank in new york. If that didnt work out, we wouldnt be able to trade. The interesting thing, a lot of traders that we talked to dont believe still this was not coordinated that it was not some sort of terrorist deal. Youre not one of those, youre usually a conspiracy theorist . They want us to believe it was incredible bad luck to have United Airlines and New York Stock Exchange and wall street journal. And i mean however, its highly suspicious and well wait and see, but it shows how reliant we are upon technology. Okay. Charles, back to you. Smooth so far. Charles thats what we like to hear. Thanks jeff. Back to that trading glitch at the nyse. Rudy guiliani did not hold anything back criticizing how the whole thing was handled. Take a listen to this. This statement was a rather useless statement. It means nothing, its gobbledygook. Crisis management 101. You give out specific information, say you dont know know. Joining us is the former commissioner of the cftc and rudy knows about Crisis Management and so do you. Tell us what your thoughts are about how the nyse handled it all yesterday. Yeah sure great to be with you i mean the mayor knows a lot about Crisis Management, but maybe not about market Crisis Management. And i see a lot of these things back from you know from 2007 all the way on, the things that youve talked about this morning the ipo, a facebook the flash crash. The nasdaq shut down a few years ago, all of these things ive seen and i think that the nyse handled this actually really well. I think they effectively communicated all day, not just with traders and the media, but look, because of how markets operate today. The stocks traded at the beginning. Day, traded at the end of the day and they traded on arca some of them traded at nasdaq. So, i think that this is sort of a testament to electronic trading is going forwardment sure, there will be glitches as you perceive. Its better than anticipated and my hat goes off to how they dealt with it. Ive got to tell you maybe the Electronics Trading gets the cued does here, but when you go back to the nyse. We heard that a lot of traders were extremely frustrated and didnt hear anything from management. After we did hear from them there was a new system in place. Couldnt they say we put a new system in place and didnt work. Why did it take so long . Less than half an hour to come out and they said that there was a computer problem. The first thing you think about it from an average person or an average investor you think was this malicious . Was it a terrorist event . Was it a cyber sabotage . And they came out right away. Within minutes and said that it wasnt. And then throughout the day, they worked with the traders and again, you know the president tom farley was on television and some people didnt hear them, but they were worried about, you know this is all contacted, the wall street journal united. The thing you have to watch, did people lose money. The volume was there. Charles that remains to be seen, also. We did close at the lows of the session and you have people wondering why all of the sell orders on the floor were held up and had to be redone. But i think were going to continue to reevaluate this. I dont know the history of all that happened. We appreciate expertise and the question is whether they were trying to cut costs and bought it. And they cut it so bad. It had to be am tuted after he was playing with fireworks and that might not be the worst of the injuries and this could cost millions of dollars and weve got another finger and another finger and a full story for you after this. Tonight, we can this allergy season, will you be a sound sleeper, or a mouth breather. Well, put on a breathe right strip and instantly open your nose up to 38 more than allergy medicines alone. So you can breathe and sleep. Shut your mouth and sleep right. Breathe right. This is a great place to work. Not because they have yoga meetings and a juice bar. Because theyre getting comcast business internet. Comcast business offers convenient installation appointments that work around your schedule. And it takes done. About an hour. Get reliable internet thats up to five times faster than dsl from the phone company. Call 8005016000 to switch today. Perks are nice. But the best thing you can give your business is comcast business. Comcast business. Built for business. Given the structure of the market, this was this didnt affect the small investor at all and just shows you how insignificant the New York Stock Exchange is. Charlie gasparino at the top of the hour. Emack liz volume wasnt affected by the nyse outage and took five years to find out that a guy in britain was spoofing from his couch and i think this is the official reaction. One day it was a squirrel and one day we said it before and say it again, you never know whats going to happen. We know one thing, the opening bell is next. You hear it right there, the opening bell is all pumped up and check out who is ringing the bell. They put together the Cyber Security stocks and the hottest theme going in the country and the world and guess what . One of the guys are our guest real shortly. And its the rage and all the wrong reasons and no reason you cant make a lot of money on it. Whats going to happen yesterday and the future. So the market is up the dow up 96 points off the bat and lets gets down to Nicole Petallides because shes always in the heart of the action where things are happening. Nicole seems like everything is normal right . It does. Normally, indeed im looking around and it looks like a smile today because it looks like the opening about he will has gone off smoothly as the nyse told us things are looking smooth, player to 8 a. M. And theyre looking at the tech guys, they gave them the double thumbs up and theyre off and running and things are looking good. And our viewers want. And nobody wants to hear about the suspended trading and whats wrong. They dont care if its an internal edge or whatever it is it should work well. Our viewers think as they turn on the switch thank you nicole. And this is hank smith. Liz macdonald is with us right now everything is back to normal down there. Theyve got the rebound in the market now and china made a lot of moves, but it feels like the rebound trade might be the theme of the day. Well it absolutely is youre seeing china doing a little better. And they have a bonus and a curve ball today. Well see, but the rollercoaster is not over. I want to see more clarity out of greece and see china be up more than one day. So we have to wait for those things to be better before we feel confident about this market. And ive got to tell you, the easiest money, obviously, always in hindsight, and the easiest money has been buying the dip and thats working this year, too. Yeah and we continue to believe. That and in fact if this situation doesnt work out and they exit the euro we will have the correction that eluded us for four years and that will be a great buying opportunity because here is the reality, the u. S. Economy is doing okay. Corporate profits are okay and valuations look very attractive relative to where inflation and Interest Rates are. Although, liz, ive got to tell you, that the bears continue to harp that this is it. This is the moment and the long awaited correction were in the middle of it right now. We just saw another note come out. And i think what is today is whats going on in china and whether or not china, which is popping big time right now. Why would you buy stocks in china when they now are threatening to arrest malicious short sellers and put a freeze on half the stocks there and you cant sell them . You know when the freight traffic is down to 2009 levels this is inspiring confidence in chinas stock market what theyre doing over there. In some way, though guys that may help the market with american investors. The dow is up. 232 points and we almost wiped out all of yesterdays losses and may get back toward getting the positive for the year. Dan ill ask you what i asked hank, is this a buy and dip on this atmosphere for you . No it isnt. Im not going to get out of any positions right now, but i dont feel comfortable. I agree with hank the opportunity to buy then dont do it right now. Maybe a stock or two that you can. And the investors are the trader right now. How about the note someone is into the game, but they lived through the last two crashes, either in the market or they watched it. How do they handle Something Like this . Again, you just mentioned one that greece does and doesnt. And it seems so flimsy. Volatility is the cost of being an investor in equities because equities over the longterm delivers superior terms superior to cash to bonds to commodities, but the cost is you have to put up with some volatility. And i would point out, you mention the bears and the correction, its highly unusual the bull market not to have 10 corrections, so weve gone three and a half years without one and thats not a reason to get out of this market, actually it would be a healthy sign. All right. Liz on that note if someone opened a pizzeria in new york and costs 2 million. They know if they had to sell it, on get a Million Dollars and people should consider that approach to investing, but its hard when you have this kind of volatility. The yeah is right. Weve been stress testing an aging bull right now. And one thing remains, companies are hoarding cash and they have record stock piles and they can do more stock buybacks and m and a deals. Thats an interesting points. American investors have taken money out of america equities and some people think its manipulation and others think its smart investment. One more time to the hang seng thats where the markets are up 6 and obviously took a hell of a drubbing the last three weeks and theyre propping the market up we know about that hank. Are you worried . For me i dont care. Listen, i think a lot of people dont want them to go down anymore, but ultimately is this a ticking time bomb that we should care about . I think the only thing you need to worry about, is the Chinese Market really continues collapsing and results in confidence being totally eliminated in china and then you might have an impact on the chinese economy, but there really is a disconnect between the chinese stock market and the chinese economy. This market has not reflected the economy and vice versa. So, not worried yet, but could be is as the Chinese Consumer gets disgruntled. You know dan, on the notion of a stock market reflecting economy. The average person sends me a text for an email this shouldnt be up. Im looking out the window and i see despair. What is it about the average i know its locations and do you think its a bifurcation of the economy . People are doing very well or very poor. How do they take that into account and when youre trying to get involved there . I agree with you, we have this bifurcation in the market and the economy because you see the pockets of disparity and pockets of doing well and how do you get away from it . You have to look at companies by not specific companies, how are they doing . Are they doing well . And what are they relative to the rest of the company and how are they doing in the revenues and guidance. Thats what you have to do to see what the stock market does. On the note theres one stock that Everybody Knows and everybody should have paid a lot of money on and its right there. Thats apple. Just yesterday, they say theyre going to go for a record and this year theyve told suppliers get ready, we need 90 million new iphones by the end of this year and lets take a look at the stock, believe it or not, down 9 coming in and its almost a percent right here. And business is the ultimate buy what you know because Everybody Knows apple and its made a pullback is this a buy point . Oh, i think so and we own it weve owned it for several years now and were continuing to buy it in here. And look this is not an overvalued stock. In fact i would argue its an undervalued stock even with the massive appreciation you have over the past handful of years. You know 10 15 years ago back in the late 90s this would have been 100, ten times earnings. Why is it not this time . Why is there a different set of rules for apple . Well i think the fear that they cant keep reproducing the great successes and they are the biggest company. And it would be a buyer. And at least half of my money, there have been people all over the history of the stock saying that its not going to do well and if you look at what theyve done they always prove them wrong, i think theyll do it again. You know emack the era has begun. And the shadow is doing is amazing job. Its a law of big numbers story i think its right. Feels like wow the apple ebay and market valuation, 69 billion wiped out and market cap is bigger than microsoft and google combined and the revenue and its up more than those two guys combined. And hes firing on all cylinders right now. And i want to look at yahoo and its actually what was the friend and yahoo wants to be the middle man, whats your take on that and its pretty good on the news . And you know we dont follow yahoo so i dont have an opinion out there. Dan i want to go to you. Everyone is saying yahoo . And alibaba deal and trying to put up or shut up. Im not sure this is what the street wants and its a move to maybe get something on. And this is how theyre using the the sporting business. And it does have some legs on it, and well see what happens. I hope someone doesnt show up at the executive offices of yahoo and make them an offer. And thats right, the cash theyre a lot of people make a lot of money on that, but they are not necessarily publicly traded. Tepid Revenue Growth and growing competitive threats and may have through Fantasy Sports. And guys a whole lot. Want to check on the big board. Were up 250 points and almost matching yesterdays losses. And the final discount and also the sell on rallies camp and so far weve seen them and we know its king here is why. Paramount will string releases after they hit the movie theaters and hulu paying more for south park than seinfeld. Thats right, the future how you so youre a Small Business expert from at t . Yeah, give me a problem and ive got the solution. Well, we have 30 years of customer records. Our cloud can keep them safe and accessible anywhere. My drivers dont have time to fill out forms. Tablets. Keep them all digital. Were looking to double our deliveries. Our fleet apps will find the fastest route. Oh, and your boysenberyy apple scones smell about done. Ahh, youre good. I like to bake. With at t get up to 400 dollars in total savings on tools to manage your business. The rollercoaster continues this time were moving to the upside of more than 200 points. All this week its been a wild ride. So far if you buckled up its an okay ride mostly because of china. Look at the Chinese Companies that are traded here. Here is the thing you need to know. Yesterday before we closed a lot of the chinese names started to churn higher and they had been beaten up with the Chinese Market overall. So weve got the chinese names up and got the u. S. Markets up and all over the place here we want to take a look at oil, also, and thats traded with the Global Economic news and greece, and a lot more in the month of july. The u. S. Gold trade is relatively unchanged. A new deadline tonight and do or die for the last time tonight. And i want to stay on greece. And talking about Ashley Webster. Whats the latest . Hey, charles, theres athens and the european markets are bringing on nice gains later in the day because theres a sense that perhaps the deal can be done with greece. Certainly theres reports of washington putting some pressure on to give greece some sort of debt relief and german chancellor angle earthquake Angela Merkel said no way. High end merchandise, thats why im in front of Louis Vuitton and channel and if the banks graps and the money disappears, not only high end merchandise charles, people buying appliances anything of value electronics, if something isnt done by monday banks will collapse and money will disappear. And lack of faith here in greece. Were waiting on the proposal from the government of greece there was a report that the french were helping and the french have since denied it and either way, they have until midnight brussels time to get that proposal in and then the big review begins. We have heard, charles, the last point. Its the finance ministers on saturday decide you know what . This is going to work and theyre going to cancel the eu summit. If the finances guys like it were going to like it. And we know where this saga is going to be many more twists and turns. Oh i hope they do. Come on 28 eu members and trying to make a decision on one day, thanks a lot, ashley. Stuart says this all the time. Training is king. Paramount releases a new film for streaming and one month after they hit the movie theaters, one of our favorite tech washers, jeremy one month later is that cannibalization or realization that streaming, youve got to be a player there . Everyone wants alternative and we want to watch where we want and what we want and we want that option. Its a logical move. Earlier, Lauren Simonetti did a read on this and sharing money with the theater owners. Is that a way to get them a complaint . How does that work . I was confused about that. Can they make the same kind of money, doing this and that they make in the movie theaters or just need so much more volume . Were at the beginning of what is a vast value of that. I dont know if the dollar value is present. If youre a movie house or establish yourself and get everyone familiar with your platform and get to know and love your platform something great from the start. Its going to be a crowded field and we talk about this all the time. Youve got everyone is in this and everyone in entertainment is in this and obviously, they all cant be winners. Its about content and whether people want to pay 15 to rent 0 movie online. You see that on netflix and amazon. And theyll make it a destination site at south park and that acquisition would do that. Its a lot of money for south park. 192 Million Dollars. How do you crunch the numbers and come up with that. How many years down the road would you have to show them at such a small cost . And this is about this too, the wall street values them on cash flow and you mentioned this and you talked about the original movie business. And what were seeing here is a battle between the giants hulu, netflix and the Biggest Forces in streaming and both have incredible subscribers bases what were saying at the beginning of the industry here what i think is fascinating, theyre talking about streaming to devices, to your iphone to your cabinets whatever it is however when you look at what hulu is doing, most the streams are going to living rooms. We want as Consumers Want is alternatives, more than anything else we want an option. In the world that were moving into. Its about reaching us mobilely, you know, thats and lets face it how much of the bandwidth is netflix taking up. It looks like theyre eating everyones lunch at the moment. Its going towards mobile, its growing rapidly and more things that people are streaming into the living rooms. When they get me to stop buying the cds and dvds, then you know. Varm thanks a lot. We appreciate it. And congressman they ever subpoenaed her emails . Turns out thats not the case. We play you the sound bites next. And this weekend, trish regan interviews ted cruz 2 p. M. Eastern on fox business. Can a business have a mind . A subconscious. A knack for predicting the future. Reflexes faster than the speed of thought. Can a business have a spirit . Can a business have a soul . Can a business be. Alive . You total your brand new car. Nobodys hurt,but there will still be pain. It comes when your Insurance Company says theyll only pay threequarters of what it takes to replace it. 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I chose to turn over 55,000 pages because i wanted to go above and beyond what was expected of me. Charles congressman tray gowdy on the Benghazi Committee countered the claims. Take a listen to this. Secretary, her recollection said she was never subpoenaed. She was subpoenaed in march. She and others in the state department were put on notice and several years ago that congress was going to investigate what happened in benghazi. We released it because of misapprehensions during her interview. What difference at this point does it make . Of course she was magnanimous. This is another one of these things where pretty soon the official record is going to be there. She was subpoenaed she was subpoenaed. Thats a good point and you know, tray gowdy had been asking for the emails in december of last year. And you know i tell you something, also her camp deleted or Hillary Clinton deleted 33,000 emails while under investigation by that house panel. So, is it the credibility issue for Hillary Clinton . Yes. Is the story line will the narrative take hold in 2015 and into 2016 . Yes thats a danger for the Hillary Clinton campaign. And i find that interesting on wall street is that often people who get in trouble for things like Insider Trading dont go to jail for that. They go to jail for lying about it and again, its interesting. Maybe she wont get in trouble for the court of public opinion, but if she sees things that are easily disproven if they rope off reporters so they wont heckle about things like this. This is an options issue for Hillary Clinton. Might be more. On mortgage trades is it time to buy . And Maryland Governor jim omalley, he wants to level the Playing Field. Sound familiar . Second hour of Varney Company just two minutes away. [announcer ] what if one stalk of broccoli could protect you from cancer . What if one push up could prevent Heart Disease . [man grunts] one wishful thinking, right . 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I built my business with passion. But i keep it growing by making every dollar count. Thats why i have the spark cash card from capital one. I earn unlimited 2 cash back on everything i buy for my studio. And that unlimited 2 cash back from spark means thousands of dollars each year going back into my business. Thats huge for my bottom line. Whats in your wallet . 4 big stories from this hour the Stock Exchange opened after that huge outage yesterday. Investors are happy to trace their stock and also happy because so far we have a big rally of the 200 points please even more americans are flocking to isis at a time we are cutting back on our troops. Is it part of the president s generational battle with extremists and getting ready for a great tickertape parade in new york city tomorrow, talking with captain christine rambo. Our two of varney and company starts right now. You are looking at it. We have been up 240, 250 points, we lost 265 yesterday so we will call this a wash but one heck of a wash. We have breaking news right now. Mortgage rates, freddie mac, 0. 04, that is up from the week before coming here to talk to us about it all, katrina, nice seeing you there, business is always good for you but what about the rest of the industry . It felt last couple months of lot of fence sitters have started to look because the rates and going up. What i have noticed is a lot of buyers have been on the fence now receive these rates going up and theyre very eager to get into the market because they are afraid they will continue to go up because what is actually causing prices to continue to rise is there is very low inventory and all these buyers are looking for homes that they are fearful rates will continue to rise. Charles that is the point i think is pretty important. A couple years ago when these homes were dirt cheap it fell wall street, everybody was buying the but potential home buyers. Have they gone up so fast that perhaps that is one of the roadblocks . Is there a chance they have gone too quickly and that is hurting the potential job, housing rebound . You still have the influx of the chinese buyers and foreign buyers, but you do see home buyers getting serious about purchasing a home, youre required to put a lot more down, you see the rental market heating up, continuing to keep up because rental prices are going up as well but a lot of our buyers are actually domestic, for instance in south florida you see a lot of buyers come from connecticut and new york and migrating to florida for various reasons including tax reasons and the weather and so forth and i do see the americans actually taking homeowner should very seriously. Cheryl it is cheryl casone, good to talk to you again. I have been looking at a lot of buying especially in south florida by chinese buyers. I dont know if you follow what happened with the chinese stock market but there is the theory in realestate circles that a lot of chinese that were hurt in the stock market yesterday will end up selling a lot of their u. S. Based realestate holdings because they need the cash and maybe if you answer that question is there any chance that rumor could potentially come to fruition especially in florida . It is too soon to answer that question because especially in south florida we have just begun to see the chinese buyers coming to south florida whereas on the west coast you see that a lot more. They will be more affected by it than we will on the east coast specifically in south florida, but i could potentially see that affecting real estate prices on the west coast but i dont think it will affect us just yet. Charles the big thing is we need millennials, we know theres household formation, you just alluded to it, whether they are renting a buying homes with no household formation is beginning to pick up and we have seen a little bit of a blip, firsttime home buyers around 32 . Are we going to continue to see this . Are you getting a sense more millennial by saying i want to be a homeowner . Yes and what is interesting about that is i am seeing them jump into the market but i have seen their parents, regardless of how old they are, people in their early 30s, their parents are giving them all mortgage. What i mean by his parents are officially documenting these loans end keeping it all within the family and charging them interest and holding them accountable for it. So they dont require as much down, some of the banks even see the and regeneration which may still be in law school or maybe dont have enough to put down so their parents are jumping in and helping the situation. Charles i get my 18yearold said a car and directed in two week so i am not sure about that. Thanks so much. Appreciate it. Did you get a chance to drive the car . No. Giving a mortgage, we are not there yet. All right, the market is back to yesterdays hide the we raise a lot of that loss of 202 points. What a way to start the session, when a rollercoaster, keep it here because you never know how the market will turn. We know it wants to move big chunks that big times and oil making a nice rebound. We saw inventories not really go the way we thought they would yesterday but maybe it is just oversold and apple asking its suppliers we need you guys to be ready, we need to make 90 million new iphones by the end of this year, that stock is up and alcoa reported last night they actually missed on the bottom line but had excuses and reasons for, theyre sweet talk was enough to get the stock, some 4 higher this morning. President ial candidate Martin Omalley with an open letter to wall street slamming big banks. Cheryl the letter we got a few moments ago, basically talking about his concern with regard to the nations banks and their effect on our national economy, talking about banking reforms, he says overall is a good industry but at this point i think it is anti capitalist, you call me and i capitalist but banks are to blame what is happening in the economy, we can show you from the letter that we found very interesting and here it is, he said the ongoing reckless behavior of your mega banks isnt capitalism, is the entity 7, joy and capitalism requires a level Playing Field in which everyone plays by the same set of rules. Go after the big banks. This is one area i agree with him on. Lot of americans particularly young americans, we also have all Elizabeth Warren and john mccain trying to push new legislation to bring in new rules so this is something that will resonate with a lot of americans. P schneider, former gop pollster, your thoughts on this. The gop gets a little box in when theyre lumped in with these big banks the we have seen both parties bailout time and again. Im not a big believer in bailouts for any corporation out there or any industry, but with Martin Omalley what did he do . Cut and paste Elizabeth Warrens trees out there . He is getting dumped on by Bernie Sanders right now and he is trying to do anything he can to get attention. When he was mayor of baltimore he was very cozy with an anti bang, very cozy with Financial Institutions like mason. This is just histrionics in the election year. Cant get attention anywhere. Martin omalley raise taxes when he ran maryland and people fled the state. Charles he has serious issues no doubt about that but to someone whos getting a lot of attention particularly after last night, jeb bush, he suggested once you get the economy growing again everyone says how do you get the 4 growth . He says ive got a way to do it, he made some comments night. The left to get out of context and i want to listen to what he actually had to say. My aspiration for the country and i believe we can achieve it is 4 growth as far as i can see which means we have to be a lot more productive, workforce participation has to rise from its alltime modern lows, means that people need to work longer hours and through their productivity gain more income for their families. Charles the left knee jerk reaction, people are working harder than ever, corporations agreed, the government is greedy, we need higher taxes, that is not the problem. What do you make of it . You dont have to to realize ago from a 40 hour work week to a 30 hour workweek and trying to emulate everything about the european economy were going to end up like the greeks period. I think jeb bush was right in the fact the we need a 40 hour work week in this country and millennials believe, they dont believe cutting back to 30 hours of 20 hours a week is the path to success or getting free college tuition. They know it is a political gimmick. All the elected leaders and greece tell you the past to leadership until it fails. One more for you. Donald trump, theyre telling him, everyone in the Establishment Republican Party says toned this thing down, fox news confirming he spoke on the phone, trump had this to say about the call. Totally false reporting, he called me ten minutes, said i had a nerve, doing well, an end. Meanwhile the is hitting a nerve with the american public, he is soaring in the polls. North carolina he is at the top of the polls, listen to what people on this program had to say about him, these are establishment republicans, take a listen. I dont think donald trump is a viable candidate in the long run. I think this surge reflects what is his base . Bear theories . Celebrity worshipers and so forth . That is not a group of people to make someone president. He is not going away and he could be the tonic of the 2016 elections saying outrageous things about subjects that cause people to question the entire republican ticket. Dont be surprised if donald trump continues to lose businesses but has a press Conference Announcing his doctor has announced he has a severe but curable disease and he must drop out of the race to take care. Charles karl rove fools the time taken card. What do you make of it . I think the point overall year i ran for office, and i am a businessman and entrepreneur, no one questioned my conservative credentials, you can be outraged about sanctuary cities in San Francisco and losing innocent lives there, you can be upset and angry about the lack of enforcement on our borders without sounding like a racist jerk, period. Those things are mutually exclusive. The Republican Party does not stand for the things that donald trump said as it relates to the mexicans. He is carving out large swath of the party every single day. We got to leave it there. Thanks a lot, unc a lot of questions and we will have the back wheels in. This afternoon, interview with republican president ial candidate ted cruz at 2 00 p. M. Eastern right here on fox business. Here are some other stories we are following, Lauren Simonetti has something. Wouldnt it be nice to watch a movie at home two days after it leaves the big screen . Paramount pictures will start streaming two weeks after is a leave the theater according to wall street area, down sharply from the traditional 98 period. Paramount reportedly in king deal with amc and cineplex in canada to shrink the window on two upcoming horror movies later this year and also likely to give a cut of the digital revenue to the theaters to make it more attractive to them. Doors that can fly open and sunroof that fall out, problems leading to a pair of recalls involving 66,000 land rovers, larger recalls affect 201816 range rovers, 20142016 range rover sports where the doors can just unlatched drive. The smaller of the recalls involve sunroofs, 500, 201213 land rovers, dealers will fix these problems next month. Taylor swifts 1989 album surpassing 5 million copies sold right here in the u. S. The album has not hit that milestone since four years ago. Swifts 1989 is also the fastest album to reach 5 million in more than a decade. You have to go back to 2004 to find a faster sailing out bomb. Album. Charles thanks a lot. Travelling to syria to fight for the extremists, guess we are doing . Cutting back big time on our troops. People in california waking up to bad news. Water rates are about to go off more than a third for some. That is huge. More varney and company next. These two oil rigs look the same. Can you tell what makes them so different . 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Charles this big board, also of highs of the session 185 points, this roller coaster ride continues, cybersecurity stocks on fire right now. Take a look at that. All the names up huge right now. Yesterdays shutdown on the Stock Exchange, we had the grounding of the United Airlines flight, the wall street journal saying a lot of people are worried this is more than a couple coincidences and back to usual, the Stock Exchange, a whole lot of questions about what caused that glitch and the other ones yesterday. I want to go to d. C. And get your thoughts. Began opinions runs from suspicious to nonchalant. Companies in the federal government at all set at this point it doesnt look like a cyberintrusion but three highprofile computer glitches occurred one after the other. United Airlines Flights were forced to be grounded in the nyse had its 31 2 our glitch and stopped trading on the floor and the wall street journals web site crashed while that was unfolding. The head of the fbi i just happened to coincidentally be testify on capitol hill in the middle of much of the conclusion, he dismissed the possibility of a connection. Listen here. You dont love coincidences but it does appear theres not a cyberintrusion involved. One senator is skeptical, Barbara Mccall speed does not believing coincidences. We contacted several committees on the hill this morning asking if they plan on investigating what happened. I can tell you right now nothing has been scheduled as far as an investigation. Charles one day we will get to the truth. And cutting 40,000 troops in two years, is this a strategy to beat isis . Tom donnelly from the American Enterprise institute we heard president obama speak about this generational fight about the ideological fight and the next day or two, 40,000 troops being cut from the u. S. Military, and a lot of people saying one thing we got to fight ideologically but dont be physically have to destroy this and any . We do. That is as plain as the nose on your face, we cant deploy does feed against them . Even with the backdrop of china, military aggression, manmade island in the pacific, japan will have to jump their constitution and build up their military. The backdrop of the middle east being on fire how do we justify getting rid of 40,000 additional troops . The cause of this is the budget control act legislation, 2011 which nobody on either side of the aisle seems to want to walk away from but if you talk about the need for land forces i would also include europe. It would be difficult to stop russias march westward with ships. It will be a long time before you get to the water. This is all part of an american withdrawal, global withdrawal which both parties are responsible for. Charles we will leave it right there. Really a shame. Appreciate your time this morning. We just talked about this. The head of the fbi, talked to Senate Lawmakers that 200 americans have joined isis from iraq and syria. What do you make of this . Here is my theory, when the president talked about a generational fight and suggested ideology that was starting to may be lower westerners, my whole thing is i am not really, to meet it is from the middle east, the move to other countries in the west end them or their kids are more drawn to is this. They were born in our country but still have that sort of detachment. What the fbi director was talking about yesterday, especially when it comes to isis they are using social media, instagram to reach out to vulnerable americans, emotionally distraught kids that feel lost and are looking for something. Isis on twitter has 22,000 followers. They make use of world events like soccer to tag on to that but this has to deal with the context of the administrations push to shut guantanamo and the fact that isis is using our weaponry against this enemy. In the grand scheme of things you need more than ideas about isis. Charles you know how much damage one lone attacker can do. The idea that 200 of them want to join is a big deal. Michelle obama spending big time at the white house. She is about to get a 600,000 check and guess what she is spending it on . Be ready to be outraged, the answer next. Do you want to know how hard it can be to breathe with copd . It can feel like this. Copd includes chronic bronchitis and emphysema. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. Spiriva helps me breathe easier. Spiriva respimat does not replace rescue inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with Spiriva Respimat. Discuss all medicines you take even eye drops. If your breathing suddenly worsens, your throat or tongue swells you get hives, vision changes or eye pain or problems passing urine stop taking Spiriva Respimat and call your doctor right away. Side effects include sore throat cough, dry mouth and sinus infection. Nothing can reverse copd. Spiriva helps me breathe better. To learn about Spiriva Respimat slowmoving mist ask your doctor or visit spirivarespimat. Com with xfinity from comcast you can manage your account anytime, anywhere on any device. Just sign into my account to pay bills manage Service Appointments and find answers to your questions. You can even check your connection status on your phone. Now its easier than ever to manage your account. Get started at xfinity. Com myaccount charles chinese stocks, continuing higher today. And they have been smacked pretty good, as they look pretty good, and officials in los angeles they want to hike water rates over in the next five years. And have it is ranch residential users pay 34 extra. Many appears to be no problem, Michelle Obama spent nearly 600,000 to upgrade the white houses dining room. I dont know, it looks pretty good. Not like you can go i am going to redecorate my dining room, the White House Historical society, panels of people and paperwork to redo the dining room, she did do the decorations, 600,000 on this, took a lot of time actually and the total price tag yes 590 grant. New shares, they refinish the table, did a painting, a new carpet, she had been working on this for a long time. That is interesting and in the middle of this the white house florist got fired which is another interesting sidebar. Charles maybe soap dish or Something Like that. This bothers people, we talked about letting go 40,000 troops and cutting costs in so many areas, the first family going on a lot of vacations. Cheryl when they took two aircraft to l a for the same trip that got a lot of paying her, and they have been working on this for a while. A lot come in there i have to say with 600 grand street to a dining room. And refurbish it for that. Charles up next greece could use that money too. They have just gotten the final final final, this time it is for real, the final countdown, they got to submit a plan to the e. U. Their creditors and people are beginning to rally in the streets, check out these power bodies, stuart Vladimir Putin with the leader of china, today they say they can overcome america throws at them. Varney and company is right back. When youre not confident your companys data is secure the possibility of a breach can quickly become the only thing you think about. Thats where at t can help. At at t we monitor our Network Traffic so we can see things others cant. Mitigating risks across your business. Leaving you free to focus on what matters most. Charles this justin democrats putting out a new video called Republican Party saying trump isnt the only one making comments about immigration. There is going to be liz who wrote that . Cant you say in that . Charles i was reading it, would not roll off the tongue. Charles Hillary Clinton said the same thing in his cnn interview, the all the republicans have the same opinion of mexicans if you well as donald trump and trying to paint everyone with the same brush. They are capitalizing on president obama won the hispanic voting 2012 handily, the swing vote in many states is the hispanic vote. That is the back story to what theyre doing right now trying to to charles another thing theyre trying to capitalize on its infighting within the gop because that seems to help and too. Liz maximum three, four Democratic Candidates and hillary is the only one at this point and 10,000 people running for the gop president ial spot, it will be cannibalization and that is happening and that is what they are depending on it happened four years ago. Charles ill will immigration is such a legitimate situation and such a legitimate issue with so many americans, crime committed by people who come here is a legitimate issue for so many americans. Hispanic americans. Charles i dont care who breaks into my house if they break into my house i want them prosecuted but also if you cross the border illegally that by itself is an act that paints u. S. Certain way but it feels like the gop is tripping over this issue. Republicans are smart what they would do is get behind what bill oreilly is doing which is starting a petition when it comes to sanctuary in San Francisco particular and where he is starting the movement to save there are unintended consequences and we have seen california lawmakers on the democratic side start to question this. Because of what happened in that city saying we need to reevaluate the local police and the issue of Illegal Immigrants because of the murder of that young girl. Charles it is about cities that rollout the red carpet no matter what your records or how many times yet been arrested or deported is a great issue but democrats are crying to win the pr battle, remains to be seen. Want to get back to greece, tonight might be the night, Ashley Webster joins us from athens. Any sense what is going on . It feels like another line has been drawn in the sand and we keep thinking this is it this time. Ashley that is a lot of lines and a lot of sand. It is groundhog day. Here we are again in the middle of athens, lines at the atm but this is the final final final deadline. By midnight brussels time greece has to have that reform plan in place at 1 a m, 6 00 p. M. Eastern time and theyre waiting for, we have not heard anything, we are told they are working on it and you will be accepted, we shall see. The finance minister would have the look at it and maybe a e. U. Summit on sunday but finance ministers like it, then it will go through, however greece is looking for debt relief, something the germans say they are not willing to give that up. I will give you a quote from michael oleary, chief executive of ryan air, the airline, he went to his and deep austerity measures, he says quote makes you cant be bloody retiring sitting in a cafe Drinking Coffee and expecting the germans or the irish with a portuguese to pay for you. Greece has selected a bunch of lunatics. Smaller countries like ireland would resent it if greece kicks up and gets a 30 hair cut on its debt still a long way to go yet. Charles ireland took tough medicine, we talk about fairness in the future, italy, a spain, smaller countries like lithuania so to might might finally be it. I cant wait for the drama to come to an end. We will talk again soon. More news from overseas from Vladimir Putin on iran. The kremlin says talking to the iranian president about a nuclear deal, the word cooperation is being thrown around, the kremlin saying their hope is for some sort of slipped compromise. Vladimir putin, ireland russia has been on antiaircraft missiles. Charles one thing to sell on those advance systems which they have and are very effective and another thing in the middle of this negotiation with the rest of the world where we are trying to find a compromise for them to do this, is typical of Vladimir Putin but scary stuff. Liz what is typical is all of this is happening today, july 9th, that is when congress was supposed to have a deal with iran sanctions on the table from the Obama Administration and they do not have that. It may go from 30 to 60 days. Congress has the right to extend for 60 days the review of sanctions against iran and whether we live from the this is congress. Charles which brings us to our next topic, russia and china at i getting close together, very cozy, that is what they said about china. Combining efforts, no doubt we will overcome all of the problems before us. Joining us is Heritage Foundation william wilson. Russia and china doing more things together over the last few years, major oil bills, trade deals, locking arms to take on the rest of the world. No doubt russia is pivoting east for good economic reasons, asia and now comprises 30 of global gdp, and reviews, it is in that region. Charles gee combination, as a growing economy. Periodic hiccups notwithstanding. Russia has a nuclear arsenal, not a great economy but certainly to gather you have the meeting which is brazil, russia, india, china south africa, they started a meeting yesterday nations joy went better representation but when you give Vladimir Putin, he is the instigator, he wants to take it beyond, maybe we could challenge the west, we are not afraid of the west, those are provocative comments. I lived in russia, i live in moscow for two years, and i moved here from last year from moscow and let me tell view this, the russian economy is in dire straits, as recently as 2008 it required oil at 40 a barrel to balance its budget and today it is 114. Over the last 12 months they have bled through 116 of Foreign Exchange reserves. Charles what does china get out of this bill . Why link up with such an ailing partner . What do they get out of it . Is Vladimir Putin going to be there china doesnt have to look so belligerent . I hope viewers dont take this as an insult but i think chinese, i did live in beijing for three years from 2009 to 2012. To be frank, i think the chinese view the russians as useful idiots at least in the short term. They are progressively pushing the russians out of the former cis countries in central asia. In fact they are the largest trading partners now with those countries supplanting russia. Charles i dont think audience is offended, i think the audience agrees. What do you say . I think russia is being looked at, certainly Vladimir Putin come as something of a buffoon but a dangerous book. Liz is still developing economy, the entire market capitalization for stock market, all of it to buy russias entire stock market ended is in trouble and has been in recession and joys debt load has quadrupled s debt load has quadrupledchina s debt load has quadrupleds debt load has quadrupled over the last five years charles time for our sector report. Were you watching today . Cheryl you talk about china, russia, what do those countries have . Catheters. Something we are following is the cybersecurity stocks especially on the heels of a meltdown you had the nyselisted United Airlines, wall street journal website went down, not that those things are connected but that gets into your head. That stock fire i up 3 , they are one of the biggest names when it comes to cybersecurity and look at the other big names we follow, Palo Alto Network supported it, all of these talks for the most part are rising up higher. There is a bright side to hackers, cybersecurity companies, you can buy their stock and companies are going to be spending beyond this year a lot more cash on cybersecurity protecting themselves moving forward. Charles one of the guys behind the hack edf coming later on and a couple bigtime examples of fireworks are not lawyers. The three glitches yesterday we watched may just be the tip of the iceberg. Were joy of technology has midwifed our do. Grounded flights, plummeting stock markets, a totally unusable redesign, do you understand for nearly four hours americas bankers had no idea how rich they were . New york state is reinventing how we do business by leading the way on tax cuts. We cut the rates on personal income taxes. We enacted the lowest Corporate Tax rate since 1968. We eliminated the income tax on manufacturers altogether. With startupny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. All to grow our economy and create jobs. See how new york can give your business the opportunity to grow at ny. Gov business nicole the dow joy and industrial average, two across the board in asia, the dow, nasdaq and diaz and the rising. Here are your dow leaders, jpmorgan and american express, if you look at those winners, and tom foley in a Stock Exchange. There was a configuration year causing difficulty and we could have continued to trade, and have problems. And lets figure out what the configuration area is and put in place a plan to bring the market back up and do it before the close. Costco to the downside. Can a business have a mind . A subconscious. A knack for predicting the future. Reflexes faster than the speed of thought. Can a business have a spirit . Can a business have a soul . Can a business be. Alive . Charles news alert on Southwest Airlines co one of the planes aborted takeoff Midway International airport in chicago, blaming it on mechanical issues. Some reports say it was a fire in the engine. Southwest says no one was injured. It was not just the Stock Exchange having computer issues, a new study shows a big spike in cyberattacks on large corporations but what the government is doing to stop it, rich edson has more. With the governments role and where are they going . There are bills working through congress, federal investigators assist companies and new Administration Initiatives when it comes to securing their networks is largely up to companies to do so themselves. Cyber incidents are increasing in number and becoming progressively more destructive. Larger organizations detected a 28 spike, more cyberincidents compared with the year before. Cybersecurity experts as one of the solutions, greater coordination among businesses to share the types of threats they are facing. One of the surprising results from our study this year is the fact there is sobel information sharing which is occurring among companies and security professionals. Only a quarter have responded so they actively participate in information sharing organisms and mechanisms and this is where government sees a real opportunity. Cyberattack is a winning and companys lagging behind, a quarter of the corporate boards get security briefing from their chief Information Security officers only once and gear and almost one in five sea sweet executives are not concerned about fibers of the security risks from a third party and supply chains partners, Smaller Companies contracted to have access to corporate networks. Charles thanks a lot. Now on to this. Fish oil, 1. 2 billion industry and it may or may not have the benefits previously claimed. Dr. Siegel, feels like every few years we hear a controversy over fish oil but people, experts say it works. What do you say . Lets go to the 1980s when the original files on welsh people showed there was an advantage in cutting down on heart attacks and Heart Disease but Flash Forward to 2014, a huge study looked at 17 other studies and said there is no evidence and where i come out to answer your question i dont think there is any proof that Fish Oil Supplements decrease the risk of Heart Disease in the American Heart Association has to catch up with fat and revised its guidelines. Of the for the norwegians, japanese, large fish consuming populations, great longevity, no correlation. That is different. I think fish is great for you for many reasons. Charles you cant pass on the same benefits. The benefit you do pass on is you lowered triglycerides and fat levels in the blood. Force in patients i want to do that. I reserve the right to say fisheye Oil Supplements for some people but everybody taking it is not a great idea. It could cause bleeding problems. I feel that way about all supplements. Charles the pros out with the contents of the cons sow with the pros . Someone taking one holiday, you said that is a bad idea . The risk is low, the risk is very low but the benefits are unproven and your better off having two portions of fish a week. Very important point, where you eating fish instead of because i love fish compared to which cheeseburger or big juicy steak with fat so fish is healthy because of the and saturated fats. Charles i want your opinion the new york giant, defense an end jason pierre paul, everyone knows this guy, great player, not sure he will be that way because the right index figure has been amputated, he had a fireworks accident on the fourth of july. What do you make of this decision . Somewhat controversial he decided to cut off his finger. Cheryl brought up the point that maybe he did that so he could get back on the field sooner. Cheryl i want to be clear. That has been reported all over. We dont know if that is a factor joy will get him back on the field sooner but it decreases his strength on that and 25 without that index finger. As a lineman he is not a quarterback. The doctor advised him to do that. Charles how can he bet how can he cut off a finger . And fish oil. Soccer stars, a huge tickertape parade they deserve it. We will talk to one of them, christine will be here in a few moments. And what you think of donald trump . You are about to find out. I am right behind him. Not supposed to tear at it directly but if i touch it will lead be my fault . Push your enterprise and you can move the world. But to get from the old way to the new youll need the right it infrastructure. From a partner who knows how to make your enterprise more agile, borderless and secure. Hp helps business move on all the possibilities of today. And stay ready for everything that is still to come. I built my business with passion. But i keep it growing by making every dollar count. 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For a free quote today,call Liberty Mutual insurance at see Car Insurance in a whole new light. Liberty mutual insurance. Cheryl the world cup champion treated to a tickertape parade tomorrow, joining us on the phone, kristy, congratulations. We are spending 2 million on that parade to mark. How excited are you about it . So excited, tremendous honor to be in the city tomorrow. Cheryl you obviously beat the men. Is this the change for female sports and womens soccer over all . Are you feeling positive . I am feeling great, very positive. With his many followers watching the game we get that respect and we will start to make a push and get the respect we deserve. Cheryl do you think theres a pay gap between what you get paid and what the men get paid . Definitely a gap between the salaries, the female athletes always pushing and continuing to try to make that money raised and get a little higher but it is a work in progress so hopefully with the success we will see an increase in pay. One of the things you could do, sponsors have been knocking down your door, can you tell us what sponsors have called up to say . You could come work for us . My main sponsors have been with me, four years, jersey, my local hospital, childrens hospital, and it is awesome because they have been through with me the entire way so i cant thank them enough for all the support, supply and be with my boots for many years. Cheryl jersey girls rule, that is the story from world cup womens soccer, congratulations. Our 3 of varney and company is 3 minutes away, stay with us. Charles heres your big story for the hour, Chris Christie loses a huge money donor to jeb bush, but Dan Henninger says hes still got a chance to make the white house, and dan is here to make his case. Speaking of jeb bush, the liberal media having a field day with some of the comments he made taking them out of context. Well tell you what jeb really meant. And this is the story everyones been talking about, tom selleck accused of stealing water from a fire hydrant. He used a big truck to do it. He needed it, so he did this at least a dozen times. Varney company starts right now. Charles were looking at the New York Stock Exchange right here things got back into action, trading is up, no glitches. Of course, we were almost halted for four hours yesterday. The New York Stock Exchange officials calling the problem a computer glitch. But thats not stopping the cybersecurity stocks. Take a look at that. They are making a huge move today, all of them a sea of green names youve become accustomed to over the last year or so. And check out this scene, pure funds, thats the Company Behind the hack etf. Were going to be talking to one of the guys standing on that podium later on this hour. Right now a check of the big board, triple digits all session long. We pulled back, this is your second leg up this early in the trading 17,700 for the dow. Now take a look at oil started to the bounce a little bit this week. Remember though, down huge for the month of july. This is sort of a relief rally, cant stay above 53, not just yet. Back to these polls, president ial candidate Chris Christie our very own fox poll, in fact, only gave him 2 of the vote. And he just lost a huge, im talking a bigtime money donor to one of his biggest challengers, were talking new jersey billionaire david tenner. There he is right there. Now throwing his cash behind jeb bush. But Dan Henninger, there he is he says dont count Chris Christie out just yet whats that sliver of hope that hes got . Well its two things charles; himself Chris Christie, and the New Hampshire primary. Chris christie is a very strong retail politician and these polls do matter. I mean, jeb bush comes in first in most of the polls, around 15 . I think thats probably why someone like david tepper or Woody Johnson are going with him. Charles these guys that used to be in the christie camp, they were leaning towards him at one point . Yeah, they were. About four years ago, they recognized he had these real political skills and he still does. In New Hampshire youre going to be not appealing just to the media but to the voters in over 220 towns next february 9th. Chris christie is going to go in front of virtually every republican and independent in New Hampshire in these town halls and talk to them. What people miss about Chris Christie, its not just the Big Personality its not just the bluster. When he goes in to talk, he has got a set of facts. Hes like the old federal prosecutor that he started out as and he will both include humor persuasion, articulateness plus some facts. And the early reporting out of New Hampshire and the town halls hes been doing since the announcement is people are liking him. They like what hes saying. Charles this is his do or die moment. Yeah. Charles can he canvas the rest of the country . Hes putting all this time into it hes a year and a half away a year away whatever it is. Lets say he does win New Hampshire, he wont be able to apply those same set of skills or time to every single vote after that though. Do you think just winning that would be enough to propel winning New Hampshire would be enough to attract money, and the money would allow him to go into super tuesday in a lot of other states. The media would take a second strong look at him. Im not saying hes going to win, but i think hes going to be very competitive once they start campaigning in front of real people. Charles you mentioned the front runner jeb bush, and first of all, lets take a listen to comments thats got the left really upset. Lets roll it right now. We have to be a lot more productive, Work Force Participation has to rise from its alltime mod everybody lows modern lows. Means that people need to work longer hours, and through their productivity gain more income for their families. Charles all right. So the left jumping on him saying listen, this guy is out of touch. Its not about people working hard. We already work hard, we just dont get paid what were supposed to get paid, and its all about greedy banks, wall street and they got all of that out of one comment . Charles in many ways, they took this out of context. The Labor Participation rate is low because, a people have stopped looking for jobs or have taken parttime jobs. They are not working 40 hoursing a week hours a week, theyre maybe working 15 hours a week. Jeb bush is absolutely right, if the economy is going to get back up over 3 again, youre going to have to have more people working and theyre going to have to be working full time, not part time. Charles what about the underlying issue here that he might be saying that americans are lazy . You know, i dont think thats necessarily what hes saying, but there is something to be said because for me the left, their main thing that theyve been selling and i think its central to what theyre selling in 2016, is this socialized socialism kind of light, if you will, work life balance. You shouldnt have to put so much time to work, you need more retirement. We need to you can success more off the corporate suck more off the corporate balance sheet. Yeah, like italy, like france, like portugal and spain. Which is to say countries where you have a low growth rate, and you have a lot of young people getting out of college and not being able to get jobs, not being able to get any visitors over there run these very intelligent adults who dont have fulltime work. Thats what the left seems to want for the United States. Charles thats what theyre selling. And i think jeb bush is saying something most americans would agree with. Weve got to have jobs and weve got to put in our time. Charles thats how we became number one in the fist place. I want to stick with jeb bush because it seems like millennials are jumping on jeb too. Charlie kirk is our resident millennial here for the hour. Last month 400,000 dropped out of the job market. What we see with Labor Participation is that millennials at a disturbing rate just sitting this whole thing out. So are they going to gravitate to the sweet sounds of socialism and that they can chill out and not have to put so much work in . Is after all they saw their father work so hard their mom and their granddad and they lost their house anyway. Thats the Bernie Sanders message. Were going with jeb bush right now. Every time he sits down for a future interview fee chu interview is, how will you be like your brother or not like your brother . They never ask Hillary Clinton if she will be like her husband on ethics or personality or behavior. Going back to young people in the Labor Force Participation rate, there are an amazing amount of young people that are completely subtracted from the modern economy. My generation is almost missing a decade, its lost decade of work where theyre not able to get up higher charles so has that resulted in not wanting to work . Oh no. I think there is a willingness. I think young people, for the most part want to go to college to get some sort of work. I do think there is an entitlement mentality thats been growing amongst americans in general over the last 20 or 30 years. But i think that the mechanics of our economy are so poor because of bad public policy. And theyre sitting on all of that student debt your generation is. Exactly right. A trillion dollars in student loans. I mean, some would call you a kid charles you do things better in life by working, and you mentioned entitlement, we are an entitlement nation. Mitt romneys 47 , it feel like to me, dan, and the left is going to say 47 heck, that should be 57 67 . Theres enough money in this country for us all to live well, just elect me so i can show you how to do it. And just tax it and redistribute it charles yeah. Obamacare, you get subsidies for up to 400 above premium. Theyre raising the bar and sucking more and more people in, and its an attractive message to a lot of people. You dont have to work, but you can have the same lifestyle. I but i think in the United States the millennials and so forth who are getting these minimum wage jobs understand theyre being left behind. Look, charles you get 35 or 40 years to work, you raise a family. If you are making half or maybe 75 as much money as you would be for ten years, you are losing lifetime earnings and savings. And i think these young people understand it. If they get desperate enough theyll say im throwing in with the left because i have no hope of earning what i expect to. Charles Dan Henninger good stuff. Appreciate it. Were looking at a few things, companies that are on our radar this morning, including yahoo because yahoo s looking for a big must be maker, and money make e and they think theyve found it in the name of Fantasy Sports betting. The tech giant is launching a new way for you and your friends to bet and win real money through its daily sports fantasy. Yahoo does take a piece of those profits, of course, but this is a departure for yahoo . You know pick your player. Just not the giants guy im thinking. Speaking of sports and someone who probably wont be playing that very soon, this guy, Jason Pierrepaul ended up losing his right index finger, fractures to his right thumb. A source says he is still expected to play sometime this season. But smart, fireworks. Yeah. And the winning u. S. Soccer team going to make history again tomorrow. This time at their ticker tape parade right here in new york city. Tomorrow marks the first time a ticker tape parade has been held in the cap onof heroes canyon of heroes for a womens sports team. Itll cost the city 2 million but im sure plenty of people think its well worth it after that amazing victory at the world cup. Christie rampone thinks this is going to be great for womens sports. Listen to this. Im feeling great about it very positive. Hopefully, you know with this many followers watching the game, we get that respect, and womens sports will start to make a push and get that respect we deserve. And maybe theyll get paid just as much as the guys. Just a thought. Back to you. Charles a little bit of a discrepancy the last couple years. It was a crazy day for computers yesterday, right . United airline all their flights were grounded. Trading at the New York Stock Exchange shut down for four hours, but the fbi says they were completely unrelated, just computer glitches. Were those glitches more than just a coincidence . 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And visit our website to learn how you may be able to get every month free. Charles all right. Tonights the big night in greece, so lets go back out to Ashley Webster who joins us from athens. Do you feel the tension mounting out there . Not really charles. [laughter] were out in front of the parliament building. [laughter] i mean, i wish i could say but i cant lie. Its about 6 15 in the afternoon early evening, i should say, it feels like afternoon, its still very hot n. The square behind me, people are gathering for a greek rally that will begin in a little over an hour, trying to send a message that greece wants to stay within the e. U. You see a lot of greek flags, but youre also going to see euro flags the blue flag with all the gold stars on it. Interesting comments from german finance minister later today, he said, look he actually for the first time admitted the greeks debt probably needed restructuring some sort of debt relief, if you like. But he said in the same breath, its just not going to happen. Its not in the rules. By the way he also joked about the intervention or at least the conversations that the u. S. Has been having on this issue. Of course, president obama spoke with Angela Merkel as well as alexis tsipras, the greek prime minister, u. S. Secretary lew also making comments yesterday. So mr. Sheshler said this afternoon jokingly, hey guess what . Well swap the u. S. , well take puerto rico, you take greece. [laughter] thats because the debt of greece is about five times that of puerto rico. So there you go. We are waiting, hours to go. Itll be one a. M. Here locally, six p. M. Eastern, before we know whether that report has been filed. One would hope it would, but this is greece and you never know. Charles Ashley Webster, thanks a lot. Back to the really big story yesterday, and thats the technical issues yesterday. The New York Stock Exchange wall street journal, United Airlines, sparking the conspiracy theories. Lets bring in Heritage Foundations james carafano. I just want to ask, do you think these events were really unrelated, or was there something to it . It just seems too coincidental. Well, look we dont have any solid evidence that they are and, you know charles im not just saying from the gut, from the gut, from the gut, though, from the gut. Well, look i okay, from the gut, i wake up every morning, and the sun comes up. And im positive that the sun is rising because im opening my eyes. Correlation does not equal causation. You have a gut feeling it might rain, and often it does. Oh, come on, look, im not saying no no no listen i did not say it was nothing, i said we have no evidence real good evidence that its malicious. We have big outings in Digital Space all the time. Because you happen to have three on the same day, does that mean and heres the other thing, you know if a bad guy did do this, is that the worst thing that could happen . Did the world collapse . Did anyone run screaming for the roof . Charles on that note, james and ill throw out a theory that makes sense. You have anonymous the night before, decidedly anticapitalist association, put out this tweet wonder if tomorrows going to be a bad day for wall street, we can only hope, wink, wink. The next day is not only bad for wall street but two other pillars of capitalism, symbols of american success. A coincidence . Maybe but it just for us and the damage is and heres where charles go ahead. Look heres where i think youre off base. First of all, wall street weathered that quite well. It was a big outage, but they worked around it, and it wasnt like 9 11 where the world shut down. If thats the worst they can throw at wall street i think wall streets got to feel pretty good today. Again, the problem here is theres no evidence it was malicious. Charles i dont know that theres evidence it wasnt malicious either. You know there are four types you know the absence of evidence is not evidence. Chartchart hackett vim cyber espionage, cyber war and cyber crimes, we know those are the categories. Not all of these attacks are designed necessarily to be espionage or even to commit a crime, but sometimes to send a message. I would feel perhaps someone like anonymous and other groups are saying we can reach you, we want you to change your ways. Were not going to harm you yet, but this is sort of a shot across the bow to let you know you are not untouchable. Well, first of all, we knew that before yesterday. And second of all, stuff like that has happened before yesterday. So theres nothing new here. But again the absence of evidence is not evidence, right . And we have to craft responses in the cyber world based on reality, not based on guessing. Charles how long will it take before you think we should, we could have a credible something thats listen, office of Personnel Management we hear the news, it gets worse bigger, larger, almost every single time. Right. Charles it took five years to find out the flash crash was supposedly one guy in his underwear in some country abroad. Right. Charles how long before we can definitively say on either side what this was . I think if youre running a major system like the wall street journal or an Airline Industry and in a matter of hours you cant identify you dont have the Situational Awareness to identify whether somethings malicious activity or not or whats wrong with your system, then you should be fired. Charles all right james. Hey thanks a lot. Im going to agree with you a little bit. My Conspiracy Theory hat is still on, although you made some good points. [laughter] all right guys. Charles a document raising some real serious new questions about the irs targeting scandal, did lois lerner collude with other Government Agencies to criminally prosecute conservative groups . This is one thats going to go deeper than we ever thought, but weve got more on it for you varney, after this. On the advice of my counsel, i respectfully decline to answer that question. You total your brand new car. Nobodys hurt,but there will still be pain. It comes when your Insurance Company says theyll only pay threequarters of what it takes to replace it. What are you supposed to do, drive threequarters of a car . Now if you had a Liberty Mutual new car replacement, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. New car replacement is just one of the features that come standard with a base Liberty Mutual policy. And for drivers with accident forgivness,rates wont go up due to your first accident. Learn more by calling switch to Liberty Mutual and you can save up to 423. For a free quote today,call Liberty Mutual insurance at see Car Insurance in a whole new light. Liberty mutual insurance. Charles the irs scandal, and now for the latest. A new document dump shows the targeting scandal may go deeper than anyone ever imagined. Gerri willis has been following this story very closely. Every day you get more and more and more. Thats totally i true. So what we found is that it wasnt just the irs going after these conservative groups, these tea partiers, it was also the department of justice, it was the fbi getting together to talk about not just how to keep them from getting 501 c 3 status which is taxfree status, but also can we prosecute them . Can we bring them up on criminal charges . So there was that, and then there was the fact that the irs sent tax documents to the fbi. Like 113000 tax documents for these organizations. My question was, is this legal . Charles right. So i asked Jason Chaffetz who heads the committee on oversight and government reform. Hes what he said heres what he said. It is, potentially a violation of the law. It certainly is of the spirit of what youre supposed to be doing because youre not supposed to willynilly be able to share taxpayer information on a fishing trip without specific allegations. No rlly, you would have to issue a subpoena, but lois lerner had a political agenda. I thought this stuff was sacrosanct. The irs isnt supposed to take your tax filing or cheryls or anybody elses and give it to somebody else without their approval without any notification. Its astonishing really, whats going on here. Charles charles and also the idea that the irs actually put together a posse. Right. Charles they said, listen, boys, were gong after em come on ive got all the information. I think this ties it back to the white house, theres only one branch that can coordinate between these bureaucracies. Might not have been obama, i think it personally was charles even if somebody was trying to do president obamas bidding but is that still the smoking gun thats missing . Thats what were waiting to see. And one of the people in the crosshairs is the special counsel. Only two people in the irs are appointed directly by the administration, one is koskinen who runs the joint, and the other is their chief legal counsel. Either one of them could have said hey, lets just make sure that these organizations dont get a free pass and we hold them up. Charles right. And this is free speech. Charles im glad youre digging. Every day you come up with more stuff. Appreciate it. Neil cavutos going to have a whole lot more on this one in the next hour. Congressman Darrell Issas going to discuss, thats cavuto coast to coast coming up at noon eastern on fox business. We told you the story yesterday, tom selleck thumbing his nose at the water restrictions, hes accused of tapping into a fire hydrant stealing water because, listen, this guys got a 60acre estate. You want the grass to be green. He had to do it at least a dozen times. Weve got the details coming up. And just about 24 hours ago that computer glitch shut down the New York Stock Exchange, it went dark. We wrap up our coverage on that when we come back. Super poligrip seals out more food particles. So your food wont get stuck and you can enjoy every single bite. Eat loud, live loud, super poligrip. Super poligrip holds your dentures tightly in place so you never have to hold back. Laugh loud, live loud, super poligrip. We are talking about over 3000 stocks on the New York Stock Exchange letters halted at this time. The floor is an anachronism almost be a this is really odd to me. There is something more we might be missing. We dont necessarily know what is going on. The market has moved completely sideways. It feels weird. Olive backed down 24 hours ago. Varney Company Oliver that one. Former nyse chairman was on. Listen. Nicole petallides did a fabulous job today. I love the great job shes done today. Congratulations. You dont want to miss that. Things are running pretty smoothly. So he loves us and he raised with the premise we need the New York Stock Exchange, charlie. Weed now. Look what happens. I love dick. I written a whole book about him. Smart man best ceo they ever had but its done. It is over and yesterday approved day. Let me just make a point. The volume of stocks traded didnt change basically at all. People had orders filled. Dick grasso thought it might be quite right because they might as traded off the exchange. Nothing have been yesterday. This is a good story and i will tell you why. It is a good story because it basically says our Capital Markets in the fragmented way stock trading has carried out. If you list your shares they can trade another place. So just in case the New York Stock Exchange goes down to many other venues. Yesterday was an argument for it. Electronic system one yesterday. E trade stuff. Did you feel like you were ripped off yesterday . I cant say if it was completely gone, all the disparate systems with a robust compliance issues. Theres something i really want your opinion on also. Former Chris Christie supporter new jersey guy one of the top five. One of the richest guys on the planet is now given his now given his support to jeb bush. Youve talked a lot about ties with governor christie. His people. Please been ahead of the curve. They are having a hard time. He did a great job coming out. All the strong points for republicans took on certain issues in a nonbombastic way that a straightforward way. So much bad stuff has happened over the past year. A lot of the big money doesnt think he can win. That is the problem they have right now. They are loyal guys. I think ken lay good and dick grasso are looking not Chris Christie the way hes looking at the New York Stock Exchange. They are not a major player anymore. Charles it is essentially over for Chris Christie. [inaudible] its not even that. Hes got to raise money. I dont think he can. Langone said he couldnt get a lot of his friends to cut checks anymore. One more for you. Democratic president ial candidate Martin Omalley in a letter to wall street and a slamming the big banks. Let me be clear the ongoing reckless behavior isnt capitalism. True capitalism and wish everyone plays by the same set of rules. This is something that resonates with people on both sides of the aisle. What he is saying is why did the big banks why is that bad . They have to hold so much capital that they cant lend to Small Businesses. That is what you are not hearing. What you hear is evil capitalist comic evil banks. He banks. Hes not saying what the root causes which is the government. Thats the problem Martin Omalley has feared the notion is banks should be broken up in a capitalist way. If you want to be big like this we will not ensure your deposit. Really 3 trillion. I was just going to say i would argue the reckless behavior has created this mess in the lab aims to become to big. On that note youve got Elizabeth Warren and john mccain say he must bring back some of the rules. Those rules wouldnt be bad. Its not that easy to break up the bank. My only point is this. American taxpayers should not be on the hook if it is Security Firm out the 9,003,000,000,000,000 in deposits because of insurance. By the way they should be able to take more risk and hold us capital. And also go out of business. Who cares. Does anyone care about that . Charles 2016, donald trump seems like he cant catch a break. The gop in damage control to the candidates recent controversial comments about mexican immigrants confirming they spoke with trump personally and he asked them can you tone it down same to have a respectful conversation. On this issue, do you think hell listen. They will be the first person to do that. Donald trump is striking a tone the people on the left believe in and the left believing that its a populist appeal the washington d. C. Has. Charles do you think he is his own worst enemy . Because they are so amazing people are listening because they hear the other stuff first. He is due for another. And a couple weeks he will Say Something incendiary again. I think he has done this to enhance its brand. They make a lot of money from ties at macys. If you are worth 4,000,000,004,000,000,000 it is 50 million, thats not that much. Me also say the last couple of things were a lot more conciliatory than the beginning. The pga lets talk about another big name, the really famous guy tom selleck being sued by the California Water district. He was spotted stealing water from a public hydrant. A dozen times. Then having it delivered. Obviously a lot of people in california not happy. He has been drought shamed which is by the way trending on twitter. Magnum p. I. Was busted by api in the story. The district has a very small water supply hired an investigator to the tune of 22,000 to get documentation of the trust to their a while 12 times over. They cant prove any wrongdoing. Maybe they are not looking in the right direction. Why would magnum p. I. Still water . T. Actually designate avocados himself hes been reported as saying. That is the farm that needs the water. If youre watching give me a call we will talk. Its fine. I have a few questions. I know him. I will put in a good word. Tree into why is he the one being sued . Have you seen photographs of jay los house . It looks like an looks like an away face. Great and beautiful. Jessica simpson, same thing. I know him pretty well. He is a libertarian conservative. Charles popstar arianne agronomy was caught making hateful comments about america. Weve got one here in the hot seat. We want you to respond to the video right after the break. Ing and puffing. Kind of like you sometimes, grandpa. Well, when you have copd it can be hard to breathe. It can be hard to get air out, which can make it hard to get air in. So i talked to my doctor. She said. Doctor symbicort could help you breathe better, starting within 5 minutes. Symbicort doesnt replace a rescue inhaler for sudden symptoms. Symbicort helps provide significant improvement of your lung function. Symbicort is for copd, including chronic bronchitis and emphysema. It should not be taken more than twice a day. Symbicort contains formoterol. Medicines like formoterol increase the risk of death from asthma problems. 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Online and on the usaa app. I am transfixed with their fox business brief. 460 points now. The hires of the day around 250 points and Still Holding on here. 17,679. Taking a look at the chinese related stocks here at the New York Stock Exchange. Look at names such as alibaba. These names are all surging on the heels of a bounce back in china. The shanghai composite index after we watch the government put an support measures to help the ailing index. Procter gamble parting ways with much of its business by a combined 43 of its brand with a 13 billion deal. Coming back by five and a quarter . 750. Netflix is a winner. Under pressure again. Charles popstar arianna grahn be making hateful comments about america. Listen to this. Grande issued a statement saying im extremely proud to be an american. What i said in a private moment with my friend who is buying the donuts was taken out of context and im sorry for not using more discretion with my choice of words. Issue speaking for your generation . Unfortunately theres never been so socially acceptable and cool to be antiamerican. There is a growing sentiment and here is Arianna Grande was 10 times the twitter following us Hillary Clinton with the disproportionate size of cultural influence and she has some apology, some expensive pr firm roper her. Deep down she does not love american values. Charles she is also saying our obesity problem and we are glad and the need to match that we should all be fit. Can we attribute some of this to her age . Lets face it. They are young. Toby cunningham did not like that. Charles after yesterdays technical issues, all seemed well on the New York Stock Exchange. Christian lagoon opened the exchange they can also h. A c. K. Hack. How tobacco . It went smooth. We were nervous to see how the market would open. We hit the button and everything went okay. It looks like security. I can trust you. It has become very popular. It seems like someone should put Something Like this a long time ago. Several years ago the Index Provider was looking for Cloud Computing that was based off of there. The cybersecurity area was emerging. The last year that is emerged. What happened to have the atf. Charles a year and a half two years caused telling people to buy Palo Alto Networks, stocks of one of three four, 500 . Charles are they headed themselves . We see him upwards. Skin get ahead because of the hunt factor. They got ahead of themselves. They quintupled the nasdaq 100 ready for the sony hack and then they came back a little bit over the last two or three weeks ive have been more risk off. Today we see a nice movement. It was good for them to cool off a little bit. Anytime theres a highprofile attack it comes in a big surge. Yesterday, listen, all the experts say there is no evidence. Ive just got to go. Theres something to what we saw yesterday. One after another is orchestrated. There is something there. We hear some of the attacks that many people keep it close. I think youre exactly right. Someone breached our system. Thats for sure. Would be huge disaster. Theres a study of far greater whispery should be a trillion dollars of that for the u. S. Charles on that note who should be forking over the money government or individual companies . The beauty of cybersecurity stocks as governments are huge users as well as corporations. It doesnt matter the feel is fair for cybersecurity businesses. Great job. Congratulations. Charles three men indicted in las vegas for running a ponzi scheme cheating investors out of 1. 5 billion. That is amazing. We would give you details right after this. What youre doing to find a bathroom . With cialis for daily use, you dont have to plan around either. Its the only daily tablet approved to treat erectile dysfunction so you can be Ready Anytime the moment is right. 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Unfortunately youve got Vulnerable People in las vegas. Charles is the vulnerable are people who have a certain fee. If someone copies do something 10 a month, you are not using common sense. You are editing your greed and you become the big gun. This is a much much smaller scale. That is not a 60 billion ponzi scheme. It is 1. 5 billion. People are giving the market return they want. Real estate especially in the state of nevada has not been there. People have been victimized once again. It is rare to see a ponzi scheme that prosecutors come in after these guys. It is too good to be true. Everybody is streaming rights to south park but the price tag is shocking. 192 million. Thats more than a paper seinfeld. The land deals are more into park thing. How did they negotiate this . The good thing for young people who cant find jobs, they can get south park on demand. In reality the future of live tv is not like tv at all. It is how can i get it as long as i wanted. But the younger people its mobile industry minister hulu netflix, et cetera seen increased acceleration. Even in twitter, the periscope hops is live video. The whole trend going towards lifestream content right now. Been able to get what you want. I dont want to wait until the next episode. Ill watch them all tonight. If you go over the next 10 years charles this is a great generation. Already guys. More Varney Company after this. This is a lottery debated issue when it first got restaurant bairvegly so think of going to chipotle they have all of the calorie counts up there. And restaurants are saying were dealing with obamacare dont make me have to deal with calorie counts out there they have an extra year. They have to change menu boards. But it also affects we should say movie theaters. I dont to know how many calories are in that popcorn i want to eat it and be left alone. Dr. Siegel said this wasnt working anyway. Dying with it. Charlie we go to places right now. Whats the big thing having it your way . How do you do a calorie count and one says i want pickles. We dont know. Intrusion on the market. I think it is another way that this administration is going after private business in the kind of tensions. Back to the Ariana Grande thing, the latest they know better than we do. Determine what we should eat since we cant do it for ourselves. How much is a big mac . 200 calories ill have two of them. You can do that without any consequences. But the amount of burden it puts on businesses any kind of goods policy benefit will house. Fantastic show. All right neil cavuto take it away. All right charles thank you very, very much. A lot of calmer today i want to show what was the scene on the floor of the new York Stocks Exchange yesterday at this time. This was yesterday. Knowing they have camera crew. Thank god for today a hectic 180. Yep. Live shot of the florida new York Stocks Exchange im telling you my friends this is what they call a media poll. All right now i dont know if were just being unkind here but if the whole argument was that they have to get become to business to get back to business, i dont know theyre not theyre not that in the crowd. Nicole petallides where it is business as usual maybe she can update us a little bit more for another. Nicole. I want to say oh, come on, neil. That was unfair. I cant see you through the crowds there you go. I got you. Go ahead. Neil, come on if you came