Abiden run all over the place this morning. And the president takes the war on coal to a new level. Hes going to kill it. Coal Company Bankruptcy beginning. Its supposed to be quiet, its not. Varney company is about to begin. First out of the gate look at the price of oil right now. 46. 30. Had been down to the 45 range a few moments ago. Crude is down 46 now, it was 62 in june. Now, look thats good news for drivers the price of goes keeps coming down and every day, down about a penny a gallon. 2. 65 is the National Average now. By the way, i paid 2. 31 in new jersey earlier this morning. Ashley arent you special . Very good. [laughter] theaterats right, were going to call it a streak. Its not all good news a photo from wayne in california 4. 39 for regular at the mobile station in california over the weekend. Theyre not feeling the relief. Thank the greenies for that one. Moving on. President obama taking his climate crusade to new levels wants carbon cut a third by 2030 and force them to use one third of power from renewables those mandates are more stringent and says its the most significant step that the United States are taking. Shes laughing. Im not laughing because were going to have to play for this. And he said that it would skyrocket and a war on coal. And it will move on to natural gas. Hes trying to get through fiat what he couldnt get through congress. This will be challenged immediately. Stuart he wants to cut Carbon Emissions by a third, 30 , by 2030 and mandates that the Power Companies have to get 28 almost 1 3 of their juice that they generate from renewables. Thats not going to happen. Its not going to happen. 20 to 30 states already poised to file suit, but you do get some credits if you start ramping up your solar and wind Energy Efforts and bank credits to offset the cost. Theyve been doing it for generation, less than 4 of juice comes from solar and wind. Even if you believe that carbon is a problem, its china and india, that are producing the dirty energy and the way that you fix that is of course to let these countries develop, the developed countries are the cleanest countries in the world. Another irony, stuart electricity prices skyrocket its the poorest in our society are going to suffer from it from the president says these are the people he cares the most about. Stuart i bet you theres a kick back scheme. Low income people get compensated for their lack of money and the high prices and i think the president s going to try to build a legacy here Climate Change he wants as a major part of his legacy. And leave that for someone else to try and implement it. On a 2 economy, thanks mr. President. Stuart i think weve done that one. And more talk that vicepresident biden is ready to enter the race and hillary is releasing new ads in iowa and New Hampshire as a response. When i think about why im doing this i think about my mother dorothy. She was abandoned by her parents at age of eight. I think about all the dorothys all over america who fight for their families who never give up. Thats why im doing this why ive always done this for all the dorothys. Stuart okay, you saw that. Is joe bide and real possibility . Help me out, hed be almost 74. Thats exactly right. Stuart is he a possibility . The way that hillarys campaign is going right now i think theres a desperate look. Of course biden himself, the rumor is that obama would prefer to have biden run, hes not a great fan of hillary, theres a lot of antagonistic feelings from them from the primary back in 2008. I think hell seriously consider it. His chief of staff has been talking to major donors and the hillary camp is nervous. The more that the American People sees of hillary the less they look her. Her honest ratings, and her Favorability Ratings are declining and they both have a problem they would run as a third term of obama. So when you see ads like that from hillary woe is me and for all the people struggling what shes going to have to answer they struggled under the administration that you served. How is she going to explain that . Can you imagine if Hillary Clinton fails to get the nomination two president ial elections in a row. That will be a political fight and a half. Shes never won a very competitive election ever. Stuart is that true . Rick lazio the first time around. Running against her husband in a weak and she also the president ial election last time. No wonder people in bidens camp are thinking about this. The disarray its supposed to be amongst the republicans, but in fact its among the democrats. There is some disarray in the republican camp lets be honest, stuart. Stuart thanks very much. Well get to that in a second. The opening bell is what 20 minutes away . Roughly 23 1 2 minutes away. Dow futures point to a flat opening around the 17. 6 level. Now this kraft, oh, recalling their popular cheese slices. How will you get a youngster age four to eat cheese unless its wrapped in saran wrap . And they make the best Grilled Cheese sandwiches parents, kraft is recalling some of the kraft singles cheese, theres a possibility that a thin strip of the packaging packaging sticks to the slice after its removed and that could cause a choking haz ard and get this one uber is valued over a billion dollars. And thats more than hertz and another company combined. And Jessica Albas popular Honest Company under fire. Customers complaining that her spf 30 sunscreen left them burned. Honest says the products set the standard by the fda and has lower levels of zinc. Let me show you the complaints on amazon. Stuart ouch. Do not buy this unless you want to look like a lobster. And look at the shoulder a horrible product. We went to hawaii with our kids, extremely burned especially my little twoyearold, the bliss stars and redness on chest and heads and the company is not saying too much. This was put out by Jessica Albas company. She cofounded honest its very popular and valued at a billion dollars, as you know im pregnant in the market for Baby Products and honest is what everybody recommends. Stuart they stand by their product and not backing down at all. They say its fda approved and the zinc taken out of it was socalled elements that just as effective. I think that we need that australian sunscreen. Thats the country that has sunscreen that works. Stuart if you go on a beach in australia theyve got the guys on the side with a spray, you stand in front of you and spray you all over with stuff. The chemical and its 1 one Australian Dollar and walk away. Go into the sea and come back for another dollars worth. Ashley i see another career for me. Stuart spray guy. [laughter] going to read a promo for you. Im listening. Stuart 5 p. M. , Lauren Sandra and nicole. Wake up . Stuart its a great show. I watch it every morning, its a great show. And back to president obamas climate crusade. Tough new regulations, power plants are all coming in all probability. Big blow to the coal industry. Joining us is diane black republican from tennessee, welcome back. Good to see you, thanks for having me. Were smiling, but you cant do anything about the regulations, theyre going to pass this the executive order and epa rule nothing you can do. Thats the problem with the president that believes he has a pen and phone and by executive fiat he continues to write rules and frankly i believe for the next year and a half we have this president hell do everything we can to accomplish his liberal agenda before he leaves youre right, its very hard to override what the president does which is why i hope the people look carefully at the next president ial election. You have to go through the courts, havent you . There would be a legal challenge to these rules and i think that some states are starting to challenge the rules, but really you guys are on the sidelines in congress. Thats very unfortunate. The only price that the president will pay will be a political price that the democrats will pay some way down the road thats it. But its really the people that are going to pay, stuart. You talked about this and so did your other hosts, that people at the lower end of the income brackets that are going to be hurt most by these decisions made and frankly, weve got coal fired plants in the state of tennessee and they spent almost a billion dollars coming up to the highest standards there. And if this is done theres a chance well lose jobs here in our community. That the cost of the fuel is going to go up. Certainly heating costs will go up. So, its the person people that really suffer under this president. Real fast diane, the senate will vote today on defunding planned parenthood. It does not look like the senate will get 60 votes needed to keep the debate going. That means it fails. Theres another issue where youre kind of aced out and you cant do anything about what the president decides to do. We can let the American People know and through these videos that have been showing for the last several weeks, theyre getting to see the true soul and nature of what planned parenthood is. I think it will be an outcry from the American People both prolife ap pro choice to say this is not right, this is inhumane, callus behavior and call upon the president. And i think the pressure needs to be placed on them. Stuart diane, you were an emergency room nurse a couple of decades. Thats right. Stuart would you rather be in the emergency room or in congress . In the emergency room i accomplished more. But i believe the country is worth saving and im going to do everything that i can in my power when im there. Diane black, republican from tennessee appreciate it. Thank you, stuart. Donald trump says he pays as little as possible in taxes and hes proud of it. I know somebody who would agree with that 100 his name is napitano. The judge is next. I pass as little as possible. I fight like hell to pay as little as possible. Fresher dentures with polident. For the best first impression. Love loud. Live loud. Polident. Number 1 dentist recommended. Fresher dentures with polident. For those breathless moments. Hug loud. Live loud. Polident. Number 1 dentist recommended. Bleeding the republican pac in the latest poll. He takes 19 of the vote. Scott walker second 15 . Trump is known for saying contentious things, right . Listen to what he said about paying taxes on face the nation. You know what . Ive said this many times and its not exactly breaking news. I pay as little as possible and fight like hell to pay as little as possible. Number one im a business man and thats the way you do it and put the money back into your company and employees and all that. The other reason i hate the way our government spends our taxes. Stuart i had to restrain the judge in that sound bite because hes in full agreement. Napitano is here. May i suggest, mr. Varney that you as well are in full agreement with that. Stuart however, i wonder how that will play in a society of people pay any income tax as all. And a man who is very wealthy, i pass as little as popular and is proud of it. Is that man popular . Do you think that donald trump is aiming for votes in the mitt romney 47 . Stuart yes, he wants them. If he is aiming for votes there his theory is by lowering taxes and allowing people to keep more of their money and invest it and stay fit. A rising tide lifts all boats. Stuart and never heard him say that cut the tax rates and i dont know that he would articulate it that way. Knowing him the way i do i think thats the cess sense of his argument. The biggest Big Government member of the Supreme Court in the past years, oliver wendall holmes said no one person should pay a cent more than theyre obligated to. We calculate our own taxes and the government doesnt calculate for us. What the donald is saying is not only sound economically its sound morally. Who in their right mind would pay more. Stuart donald trump going to the election has to release his tax forms. I think he probably will. What the effective rate is. Stuart hes in the real estate business, you and i know judge all kinds of neat little, some would call loopholes in the real estate business. Every one of those loopholes was written into the law by a majority of congress or a ruling by the irs. But the average person might not appreciate or understand why theyre there, how theyre there and how mr. Trump utilized them. Big picture when youre talking about the amount of income he has, it actually benefits when he pays more taxes bass unless he puts that money in a shoe box, which he doesnt, its going to get out. Stuart if you were one of the moderators you sorely tempt me. Stuart would you i forgot my question. Effective tax rate . Would ask him what the tax rate should be. Stuart would you say to donald trump, all taxation is theft, agreed donald . Yes, i would and he would probably say, yes. Stuart he would not he would not. All right. Youll not be with us for the rest of the show . You know what im doing . Tell them. Geraldo rivera wabc radio. Stuart excellent. Youve got to listen. It will be a different show. Stuart that conflicts with my show. Listen during the commercials. Stuart right get out of here. Do you remember the ceo that gave employees a raise, 70,000 a minimum. Hes running into a few moments and well deal with it in a moment. Sometimes if youre a little below what it takes to scrape by, that can be distracting from that passion from that purpose that you have for what you do so im all about achieving at the maximum amount, but i want to remove those distractions and help people move forward. You pay your Car Insurance premium like clockwork. Month after month. Year after year. Then one night, you hydroplane into a ditch. Yeah. Surprise. Your Insurance Company tells you to pay up again. Why pay for insurance if you have to pay even more for using it . If you have Liberty Mutual deductible fund™ you could pay no deductible at all. Sign up to immediately lower your deductible by 100. And keep lowering it 100 annually, until its gone. Then continue to earn that 100 every year. Theres no limit to how much you can earn and this savings applies to every vehicle on your policy. Call to learn more. Switch to Liberty Mutual and you could save up to 509. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. The ceo of a Company Called gravity dan price he was on Varney Company back in april of this year. He was talking about his decision to give all of his employees, all of them a minimum wage of 70,000 a year. Roll tape. I think that this is going to be a great thing for our company. I think its going to be a great roi. I think that people that dont think its going to be theyre looking shortterm. Stuart return on investment. You get Something Back for your generosity. Absolutely. I think the way we look at it is about trust and about values so when you take care of people they send to take care of you. Stuart oh the plan is back firing. Ashley it sounded good. Firstly it created a major distraction for the company itself. Some customers saw that as a political statement. Or others were worried that there would be a price hike or salary would be paid and left the business. And there were those within the company with more responsibility, the person that has the least amount of skills is basically getting the same i am. I got a little bump in pay, their salary is equal, and they were accused of being selfish and left the company. And look at the bug, cheap oil leading to lowering gas prices. 2 by winter so says triplea. Market open, back in a moment. When a moment spontaneously turns romantic why pause to take a pill . And why stop 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. 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. Do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. Why pause the moment . Ask your doctor about cialis for daily use. For a free 30tablet trial go to cialis. Com what theyre saying is sound economically and morally. Who in their right mind would pay more than theyre obliged. Stuart we showed you that because youd realize that we start at 9 00 sharp every morning, get the good stuff early. The opening bell has rung and trading has begun this morning, were looking for a gain of maybe 10 points what were looking for. Pretty much a flat market. Were up at 177 is where we are. Moving up from there. Pretty flat this monday morning. To another market and we called this one. Another big drop in the price of oil. Were at 45. 99 right now. Thats down a buck 13. Thats a big drop. The price of gasoline follows suit. The price for a gallon of regular a penny a day per gallon now. 2. 65 is where we are. Weve got an eightday streak where the price at the pump keeps going down. Scott shellady is joining us and scott to you first, you want another victory lap, another statement, yes, yes, yes i was right, go do it. You know i feel confident that its going to slowly drift lower, not a plunge lower as you say all the time stewart. Uart. And then were going to the risk reward is too much to be short so i think that things will stall out a little bit. Were going to grind lower and gasoline will keep coming down. There isnt enough Global Demand to take on the supply. You know, this could be a problem for