Constructed right under his cell. El chapo took a shower punched a hole in the tunnel and rode to freedom on a motorcycle. That did not sit well with donald trump. He says if they cant keep their bad guys in mexico we shouldnt be sending them 3 billion in aid a year. A developing story for you, apple is working on a selfhealing iphone screen. See how fascinating the news is . Just wait Varney Company is about to begin. The a the risk of repeating myself. Here it is greece is not a done deal. The greek government has to approve what voters disapproved up just ten days ago. Pension cuts tax increases, massive reform of the labor market. Ashley webster has been in athens about two weeks now. I want to know the situation on the ground. Are the banks open . Well, its a good question stuart. Im a Greek National now and ive got my citizenship and i can tell you the banks are not open. We heard from the greek financial minister this morning who said the bank holiday continues. Its a nice way of putting it bank holiday, nothing about this is a holiday, just means that people are having a hard time getting access to their money. Its supposed to be 60 euros a day through the atm. What were hearing, banks are running out of the 20 euro notes and theyre only getting 50 out. This will go on until muchneeded money will be provided by the ecb. And such is the euro zone its so, so layered in bureaucracy and red tape just to find out what day it is and time of day it is takes 300 meetings in about two weeks. Its going to be a while before the banks are up and running, thats assuming that the greeks can get these passed in parliament. This is by no means a done deal. Stuart real fast, ashley whats the mood there if you can assess it. Are the greek people prepared to okay when they said no were not going to do that just ten days ago . Yeah this deal is worse than the one they said no to ten days ago. People are almost numb as long as we stay in the euro zone i think im okay and well become poorer and poorer as one man told me. Stuart thank you very much indeed. Art laffer is with us this monday morning, a very good guest to have. The guy who wrote the prosperity structure of the 1980s. Art ive got to ask you this this is the question that everybody asks me is america, are we in america becoming more and more like greece . What say you . Yes. We wont continue that path stuart. Were going to break out of it in a different way than greece has broken out of it. Well break out with elections and politics and changes in policies. Stuart weve got to reform Social Security. Well have to reform medicare the entire tax structure. Weve got to go for growth to break out of the cycle. Weve got to go for 4, 5, 6 growth. And you know, you cant be absolutely sure that america is prepared to do all of that to get out of the european system. To be very honest the future is always a little less certain than the past. And when we came in and we reformed Social Security we extended the age of retirement from 65 to 67, we reduced benefits by reducing Social Security income. Economic growth provided a lot of tax revenues for the Social Security system. We did a major job there were no riots and nothing happening in the streets. Prosperity ensued. We can do that again. People are living longer theyre living more healthily, they work longer and Social Security should not be paying out benefits as it does now, it should pay them out later. And thats true of lots and lots of other programs too, we can reform the programs. I think i once here with you said if you give me a sharp pencil, a magnifying glass and thee days and a supportive congress, i can limit the unfunded liabilities and no one would know the difference and i think thats very very true and we can solve is politically. Hold on a second ive got to break away to another subject. Start with this for a second. Hillary clinton, now, shes going to map out her 2016 economic plan about an hour from now, and we understand a few details and she says she wants to boost the income of the middle class by taxing the wealthy. Mary from the Editorial Board burst out in laughter on that one. Thats the proposal tax the rich and give it to the middle class. Stuart its a third term of president obama. The same formula. Raise taxes on the wealthy and impose government on Business Decisions and make it more expensive for businesses to hire and fire workers and shell spend other peoples money. The irony of this stuart it will hurt the very people that she says she wants to help. Listen for these words. Shell say she wants to fight income inequality and help american families. What weve learned from this obama era is that formula of more government making it harder for businesses to compete actually doesnt expand, it makes it harder for people to get jobs. I understand that she wants to introduce universal prek. Who is going to pay for this, stuart . Im sorry, look the best for poverty is a job. Expanding economy for everybody and we know that this formula doesnt work. Stuart but tax the rich and spread the wealth and introduce a new Entitlement Program takes us further down the road towards greece. Yes, it does. Stuart thats the way were going. It tells us something about todays democratic party, theres not a moderate democrat left in the party. Hillary says shell do anything and say anything to get elected including promising americans things she cant deliver. This program doesnt work. Stuart thank you very much indeed. Stay right there, lots more coming. Check the dow futures, please. Were about 23 minutes away from the opening bell. Were up 136. Im calling that a relatively modest rally. Had we got a greek signed sealed delivered deal maybe we would see a 300 point rally, but its not a certainly done deal at this point. Were up 136. Look at the price of oil, down 10 a barrel in the past month. Down a bit more today at 52. However the price of gasoline youd think it was down after a 10 drop in oil . Not so. It moved up a little bit overnight 2. 77. Whatever happened to my gas price plunge . Well ask Scott Shellady that a half hour from now. And then theres this an Iran Nuclear Deal likely reached in vienna. Iran were told will curb its Atomic Program in exchange for lifting sanctions. We dont have the details, but that could put more oil on the market art laffer why hasnt goss dropped. If were down 10 for oil, why hasnt gas dropped . I would have expected it to drop as well. Its going to continue going down for a long time to come. Especially if theres something that this administration does with iran youll see a lot of new oil coming onto the markets and with supplies increasing like that and demand not increasing because of the u. S. Sluggishness, i cant imagine oil prices being higher than today. Stuart if youve got the saving for lower gas economies, how come the economy doesnt get a boost from the extra money . Remember, gas prices are supply and demand. You get the gas prices which means its cheaper to buy it and less revenue for the oil company and nets out pretty evenly there. When you look at obamas policies youve just had the obamacare just reinforced. Youre going to have all of those taxes. Youre getting premiums rise on that. Theres a lot more going on in this economy than just gas prices and we have not undone any of the obamas impediments of Economic Growth. Mary kissel is right on that. Stuart give me more on that mary, he says youre right. When the dust settles and everybody realizes this iran deal will make the middle east even more dangerous, it will nuclearize the region and make u. S. Presence in that region for a bloody conflict in the future far more likely and i think that will have a different impact on oil. Stuart in case you missed him, we better go to lauren simonetti, in case you missed it. Welcome back. A huge win at the box office for minions. It had the second biggest opening ever for an animated film bringing in 150 million in ticket sales. That was second to only shrek iii and that was eight years ago. Well, its walmart versus amazon. Walmart says you should not have to pay 100 to get good prices so this wednesday, both walmart and amazon will offer a bunch of black friday type deals. Walmarts will be available to everyone to more than one day. Amazon will be wednesday only and only available to prime members or those who pay 99 a year for a subscription. And Jordan Spieth heads into the british open with another win under his belt. He captured the John Deere Classic birdied four of the last six holes for regulation through under 68 and 20 under total for his fourth win of the year. Hes already won the masters and u. S. Open. Stuart hes pretty good that guy. Pretty young and pretty cute. Stuart and the leader of one of the biggest cartels in mexico, el chapo, escapes from prison again. Ambassador john boulton on that next. When a moment spontaneously turns romantic why pause to take a pill . And why stop what youre doing to find a bathroom . Cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be Ready Anytime the moment is right. Plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. 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I dont know why im smiling, but listen to this, the top mexican drug lord known as El Chapo Escaped from prison from a one mile tunnel that was underneath his cell. He went to take a shower and escaped from a small opening and rode along the tunnel on a motorcycle and the second time that this guy has escaped. And donald trump says if you cant keep the top cartel guy in prison mexico should not receive any aid. What would you say to that . Well i think what we should be trying to do with mexico is shore up its government so it doesnt collapse to the drug cartels as guzmans secretary escape shows i think is very much in prospect. Like colombia and the drug cartels there and worse because mexico is on our border. I dont see any reason to give mexico economic assistance, but i think the kinds of plans that we had back in the Bush Administration to try to prevent the drug cartels from intimidating the government in Civil Society are very much in our interest. Stuart do you think theres a danger that the drug cartels could in fact take over or exert enormous influence on mexicos government . They already are. Theres an incident Hillary Clinton when she was secretary of state said the situation reminded her of colombia 20 years before. Barack obama says it doesnt remind him of colombia and i think that the reason is obama is trying to focus on american gun laws as the cause for the disturbances in mexico when in fact, its american demand for drugs and the drug cartels ability to use american urban gangs to distribute their various drug commodities. I think if you look at the Record Number of people that have been killed well over 20,000 in the past years, and local city officials members of the media, the police force corrupted getting weapons from them. I think mexicos in serious trouble. So yes, for our own safetys sake, would i rather fight the mexican drug cartels than here absolutely. You would not finish mexico by saying no more aid now, you wouldnt do that . Look i dont think there ought to be economic assistance. Im an aluminous and yet, the Obama Administration is reinstituted. I would cut that out, but in terms of aid to noncorrupt officials to try and work with the antidrug authorities, to deal with these cartels, as i say i think its in our own interest to do that. Ambassador before you go i want to ask you about iran and look like we might get a deal today. What are the odds if we get an announcement of a deal what kind of a deal do you think it would be and would it pass muster in congress . I think its going to be a wretched deal. I believe its a diplomatic waterloo for the United States. I think that obama can probably hold enough votes in the senate to prevent the congress from keeping the sanctions in place, but lets be clear. If he signs this deal its not j us a matter of american sanctions and theyll vote to lift those sanctions and europe and china and everybody else will release theirs. Even if the proponents will be in congress theyre coming off sooner rather than later. Once the sanctions are off, you cant reinstall them. I think the pressure is on from the urine european governments and once we release this pressure its probably gone forever. Stuart what a mess overseas. It is a mess. Stuart i dont see bright spots. Greek youre right, there are no bright spots out there. Ive been away for two weeks, a glorious vacation and come back on a monday morning and its just like it was before i left. Its a mess over there. No bright spots at all. Ill give you the next 20 seconds. Its not going to change for 18 months until we get a new president. The obama view of the world the less significant, less successful the United States is the better chance for peace. Its like looking at the world through the wrong end of a telescope. Stuart pope francis attacks global capitalism and blames it for Climate Change. We defend capitalism here on Varney Company and we have a staunch capitalist to join us 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 not mincing his words, he has denounced capitalism. Behind this theres the stench of what is the dung of the devil, and i believe hes talking about capitalism. And Charles Payne thanks for filling in for me. I think that the pope has leveled his guns at capitalism. Charles his sharpest attack now and the dung of the devil is a scary thing. Its ahead of his visit to america and the message is growing and growing and growing what i dont understand is that capitalism has helped more poor people more destitute people in this world than any economics plan ever out there. Why wouldnt he embrace it . I had hes from argentina and he has a different world view than say the previous pope who was from germany, but still. Stuart it seems to me that pope francis is in alliance with president obama, shifting World Opinion to the left. The direct opposite of Pope John Paul ii and Ronald Reagan to the right. The pope is doing what he should be doing. Were going to talk about it. He said that marxism is wrong, charles is right, capitalism helped more people than u. N. Initiative. 2, 300 million in china raised out of poverty. Charles almost a billion around the world. We have people in bangladesh never made a money and now thats how things grow. Stuart dont look now, were looking at a rally five minutes from now when the markets open. Triple digit for the dow. Look at 145. Its exciting. Next. 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 . We hope that everything should be working normally when the market opens in the next half hour. As Hillary Clinton might say, what difference does it make. Stuart that was Charles Paynes voice in case you didnt know. It was an eventful two weeks on Varney Company and charles did a magnificent job holding down the fort. It was a ratings juggernaut and hell never do the show again. [laughter]. Stuart catch charles 6 eastern making money is the name of the show. Tune in. And the opening bell is about to ring two seconds away. Let me give you the back drop. Theres supposed to be a deal between greece and the europeans its not a signed sealed and delivered deal. Thats why we will go up at the opening bell not the 3 or 400 points some would have expected if we got a signed and sealed deal. The price of oil is dropping. This is word that maybe weve got an iranian nuke deal in which case that would put more oil on the market and the price would go down. Its in the 51 range right now. Trading has begun this monday morning, mid july. Were up