Controversial extradition law and hong kongs chief executive has apologized for it. Not good enough for the people of hong kong, who turned out by the millions this weekend and who have returned to the streets today. They want the law dropped completely and the chief executive to resign. The pressure on xi remains. He is not leading a united country. Trouble back home. To the markets. We are going down a little at the opening bell, not much. Maybe ten points for the dow, up about 13 on the nasdaq. This is all about Interest Rates. The Federal Reserve will announce a decision at 2 00 p. M. Eastern wednesday afternoon. Will they cut . Dont know but theres a good chance they will. Thats what investors are waiting for. I want to know what happens to stocks if they do cut and what happens if they dont. Now heres those outage stories. You could call this a sign of the times. When computers go down, it is truly devastating. Over the weekend, target stores all shut down for a couple of hours. Cash registers didnt work and sales didnt they couldnt make them, couldnt sell anything. Long lines, frustration in the extreme. Thats a computer outage. Then the power system in argentina and uruguay failed. Again, computer problems, bad infrastructure apparently to blame. Tens of millions take the hit. Okay. Just wait. You are about to see some polls that i find very hard to believe. Varney company is about to begin. Stuart all right. Heres the polls i find very hard to believe. Its not good news for the president. These are fox polls. In headtohead matchups, okay, headtohead, biden leads trump by ten points. Thats 4939. Look at this. Bernie sanders is up by nine points, 4940. This is headtohead. Elizabeth warren, she has a twopoint advantage over President Trump. Thats 4341. Even mayor buttigieg has a onepoint lead over President Trump. Can you believe this . Now, heres the responding tweet from President Trump. Quote, only fake polls show us behind the motley crew. Were looking really good but it is far too early to be focused on that. Much more to do. Make America Great again. The go pac chair with us this morning. Im astonished by those polls. How do you explain them . We dont elect president s by national polls. We elect president s by the electoral college, state by state. So the more important numbers to look at, where is the race in michigan and in pennsylvania and in ohio, because that is ultimately how we elect our president. Stuart david, come on. You cant sidetrack it like that. Those polls are awful. Those polls show the race is going to be close and we havent had a oneonone debate that will occur during the fall stuart how do you explain this . Mayor pete is one point ahead of President Trump in a headtohead matchup. Elizabeth warren is two points up. Bernie sanders, the socialist, is nine points up. This is headtohead stuff. What went wrong . Every poll has to be looked at as to what formula did they use for turnout. As we saw in the 2016 polls, most pollsters got it wrong as to what the complexion of the electorate would look like. In a national poll, certainly because of the sheer numbers, california would have larger numbers than many of the midwest states. There are more people there. Stuart heres what i think. Now, does that impact peoples perceptions, do those polls, yes, but when they actually have to make a vote, they will elect someone they disagree that they may not like but who are getting good results. In this situation, whether that be the economy, whether that be keeping america secure, whether it be putting more money in peoples retirement accounts, factor after factor, our country is in a stronger position now than it was when the president was elected in 2016. Stuart im going to give you some advice. Okay. Stuart pound the table and say people are unwilling to admit that they like President Trump. Thats why the polls are wrong. There is certainly some factors in that. Stuart thats the way it is. Hold on a second. I have to bring this up, too. President trump asked his chief of staff to leave the room, im sure you have heard about this, leave the room during that interview with abc news on sunday. Just roll tape. Lets see this. At some point, i hope they get it because its a fantastic financial statement. Its a fantastic financial statement. And lets do that over. Hes coughing in the middle of my answer. I dont like that. You know . If youre going to cough, please leave the room. Ill come over here. You just cant do it. Stuart the media is all over that. Thats what theyre focused on. I call it the trivialization of politics. I thought you might bring this up. In case ashley or susan coughs, i brought them a lozenge. You cant throw people out. All of that said, whats the real news last night . Out of that weekend long interview . The fact the president is about done a bill on a health care plan. This president having a plan for health care is key to winning independent voters in the swing states which puts republicans in a good position to be successful in 2020. Stuart youre right about that. David, thanks very much. Thank you. Stuart all right. Target stores, well, they are back to normal after that computer outage both saturday and again on sunday. Shoppers were stranded, unable to pay for items. Look at this. Thats chaos in those stores. They couldnt buy anything. Targets stock is down a little this morning, 1 . I guess thats a response to the outage there. Market watcher Dennis Gartman with us this morning. I know youre not a big tech guy but im calling this a sign of the times, when computers go down, its chaos, isnt it . How do you account for this . Whats even worse, when you think about what happened in argentina and uruguay. Its one thing to have your machines in the store go down. Its another thing to have your entire country go down. Thats whats happened there. We have to be careful. These things are happening more and more often all around the world. Tech is having its problems at times and if theres something that keeps me up at night, its the worry about the electrical grids around the world, here in the United States, canada, hong kong, argentina, china, as well as in target. These problems are going to continue. They may get worse. Stuart look, you have often said you dont invest in tech. Thats not your field. But is this putting you off technology . Is this one of the reasons why you dont invest in it . Yeah, it does put me off. It causes me a great deal of concern. These things seem to be happening more and more often, as they should, given the proliferation of computers all around the world. We should not be surprised by it. But the problem shall be when you have, as i said, and as you said, argentina and uruguay go down entirely. Thats an entirely different story. That appears to have been a tech circumstance, not just a grid circumstance. Lets be careful. Yes, it puts me off of being amenable to owning tech of any sort. Stuart two questions about the fed. They meet tomorrow, announce the Interest Rate decision wednesday afternoon, 2 00 p. M. Okay. What happens to the market if they cut rates . Thats first question. What happens to the market if they cut rates . I think the market would rather have the carrot held in front of it to think rates are going to be cut sometime in the future. If they cut rates tomorrow, i think or wednesday, when the announcement would come which i dont think is going to happen, i think the market might take that a little ill, thinking the economy is worse than had been anticipated. I would rather have the fed give us language that there will be a cut in the future rather than cut right now at the june meeting. Stuart if we dont get that language, then what happens to the market . Then i think you got a problem. You will get that language. Theres almost no question about that. You will get the language saying they are worried about the fact that inflation remains as low as it has been, that there are still numbers of people on the sideline who could go to work. Those things will allow the fed to talk about a reduction in the overnight fed funds rate which will probably be delayed at least until the july meeting, maybe even as far as the september meeting. Will we get a rate cut at the june meeting, no. Stuart clarity and certainty from Dennis Gartman. We will take both. Shocking. Thank you, dennis. See you later. The dow component pfizer buying Array Biopharma which develops cancer treatments. Pfizer up a little but array up 59 . Breaking news on the auction guys, sothebys, being bought for 3. 7 billion. Once that goes through, it becomes a private company. Bitcoin, whoa, watch this, sports fans. 9,000. Its above that level for the first time in 13 months. Thats bitcoin. How about oil . Down again, i believe, this morning. I think we are back to about 51 and change. Yeah. Im sorry, 52 and change, down 40 cents. Look at gas. The National Average for regular is 2. 68, down 17 days in a row. How about that. That deserves a trumpet. Check futures. We are going to be going nowhere this monday morning. No clear trend. Up a point. But the nasdaq is worth looking at, up a quarter percent. Thats important for the tech companies. Big week for facebook. Launching its new crypto currency tomorrow. Later this hour we talk to the chief of a economy that specializes in Digital Payments. Thats essentially what facebook is doing with its crypto. He says this could be a really good move for facebook and the stock is nicely higher premarket. Alexandria ocasiocortez going after jeff bezos, claims that amazon pays its workers starvation wages. Direct quote. How about that. We are all over that one, believe me. Hong kong withdrawing its controversial extradition law but protests continue. Looks like a hit on xi jinping. Really puts the pressure on him in those trade talks. That story is next. Varney company just Getting Started this monday morning. There are roadside attractions. And then theres our worldfamous onroad attraction. The 2019 glc. Lease the glc 300 suv for just 459 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. I swibecause they let metual, customize my insurance. And as a fitness junkie, i customize everything, like my bike, and my calves. Liberty mutual customizes your car insurance, so you only pay for what you need. Liberty. Liberty. Liberty. Liberty. Stuart happening now, just crossing the wires, a Senior Iranian official says they have exposed a large ciarun american cyberespionage network. Iran says several cia agents have been arrested. Also, iran is about to breach the enriched uranium stockpile limits that were set in the nuke deal. Ashley they could exceed it within the next ten days or go above that cap set in 2015, and according to iran, they will actually increase production in july. Whats the story here . Well, i think this is a desperate attempt, its pretty clear, to get europe to revive trade with iran and also try to help offset the impact of the u. S. Sanctions. Europe has dithered, should we put in more sanctions or keep this nuke deal alive. This is iran putting down pretty strong measures saying forget it, we are not going to abide by this unless, europe, you come and trade with us so we can get out a little bit from u. S. Sanctions. Its decision time. Stuart it is. Ashley for europe. Stuart it is. Another overseas story of great import after millions took to the streets in protest, i mean millions. Hong kongs leader said she would suspend the controversial extradition bill indefinitely and also apologized for it. The author of the bully of asia is with us. I think this. I think this is a hit on xi jinping. Makes it more difficult for him in the trade talks. What do you say . Absolutely. Hong kong is the goose that keeps laying the golden eggs. Now the Chinese Communist party appears intent upon strangling it. We have a separate agreement with hong kong on the understanding that china was going to abide by its 50year arrangement under the treaty to allow the current political, cultural and Economic Situation to stay in place in hong kong until 2047. China tore up that agreement two years ago. They said it only had historical value. And this extradition treaty would have been the end of the rule of law in hong kong which was a great bequest of the british. The british left the rule of law in place in hong kong. If that disappears, the difference between hong kong and china itself will disappear. Stuart commerce secretary wilbur ross is tempering expectations of any deal between xi and President Trump. It looks like from a distance President Trump is holding on to a very strong line as china is weakened. Is that an accurate reading of the situation . I think so. I was struck by the fact that last week, in st. Petersburg, sitting next to vladimir putin, xi jinping said that trump was his friend, quote unquote, friend, and that china and the United States should not decouple their economies. Well, decoupling the chinese and american economies would be devastating for the export sector in china which is the only sector that operates according to market principles, and we are already seeing Companies Fleeing china. Samsung, for example, which was a big producer of cell phones in china, closed its last factory a few weeks ago, and they are moving production to other countries like india and vietnam. I think we are going to be seeing a lot more of that. Taiwan has a come back to taiwan project under way right now, giving tax breaks to companies that left taiwan for china 10 or 20 years ago. They are inviting them back, 200 companies are now looking into moving their Factory Production back to taiwan. Stuart whoa. That is significant. The pressure is on xi jinping. The presidesure is on china. Thank you for being with us. Much appreciate it. Better take a look at futures again. Its monday morning. We are off and going to be running in a few minutes time. Down ever so slightly on the dow. Look at that nasdaq. Going to see a quarter percentage point gain. Apples chief tim cook says he takes a swipe at facebook and google. The market opens soon. In my line of work, i come facetoface with a lot of behinds. So i know theres a big need for new gasx maximum strength. It relieves pressure, bloating and discomfort fast. So no one needs to know youve got gas. Gasx. Instateoftheartn Technology Makes it brilliant. So no one needs to know youve got gas. The visionary lexus nx. Lease the 2019 nx 300 for 359 month for 36 months. Experience amazing at your lexus dealer. The latest inisnt just a store. Ty its a save more with a new kind of Wireless Network store. Its a look what your wifi can do now store. A get your questions answered by awesome experts store. Its a now theres one store that connects your life like never before store. The xfinity store is here. And its simple, easy, awesome. Stuart apple took a shot at big tech over the weekend. I believe Lauren Simonetti is with us on this, i believe tim cook said big tech has created chaos. What chaos . Lauren he called it a chaos factory, disinformation, hate speech. Take a listen. Every data breach, every privacy violation, every blind eye turned to hate speech, fake news poisoning our national conversation, the false miracles in exchange for a single drop of your blood, too many seem to think that good intentions excuse away harmful outcomes, but if you built a chaos factory, you cant dodge responsibility for the chaos. Taking responsibility means having the courage to think things through. Lauren he didnt mention competitors like facebook or google by name but he spoke about the industry in those broad terms. Now, i will give apple credit for basically banging their chests saying we are the privacy leaders because for most of their products, they try not to, you know, violate your privacy if they dont but you know, remember two years ago it was sean parker who helped create facebook and he basically said look at what we are doing, we didnt even mean to do it, our childrens brains are at risk because of this addiction to being addicted to the internet, addicted to the site. Now tech has become so much more pervasive. Who is talking about that anymore . We are talking about hate speech, misinformation, privacy leaks. Stuart tim cook is trying to position apple as the good guys, the shining example. Susan for the Business Model, thats why. Its opportunistic. This isnt the first time. He said it before. Remember he talked about facebook saying we would not be in that position of cambridge analytica, to which Mark Zuckerberg said thats a bit glib, isnt it. That theme of the Worldwide Developers conference was just that, privacy. Stuart thank you very much indeed, lauren. Look at the futures we are not going to go up or down that much at the opening bell which is four and a half minutes time. Down five maybe on the dow. My interest is in the nasdaq, in technology stocks, because that looks like a solid gain for the nasdaq this monday morning. We will take you to wall street after this. Driverless cars. All ground personnel. Or trips to mars. 4. 95. Delivery drones or the latest phones. 4. 95. No matter what you trade, at fidelity its just 4. 95 per online u. S. Equity trade. No matter what you trade, at fidelity the Doctors Office might mejust for a shot. O but why go back there when you can stay home with neulasta® onpro . Strong chemo can put you at risk of serious infection. In a key study neulasta® reduced the risk of infection from 17 to 1 a 94 decrease. 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