And with utter disdain for the people whose lives they want to run. Good stuff. Thats a blast right at the elites. Thats the president s theme for 2020. They dont care about you but i do. In the last 24 hours, the president s campaign brought in a record 24. 8 million, almost entirely from small donations. In new york city, joe biden raised 20 million entirely from the elites. I think its time we got to the fed, shall we . Five hours from now the Interest Rate decision and more importantly, the outlook for rate cuts later this year. That arrives at 2 00 p. M. Eastern. We will also see if chairman powell responds to the intense pressure for a rate cut that hes getting from the president. A flat market in advance of that. The Interest Rate news from around the world this morning is grim. Not here, no, over there. In four European Countries and japan, things are so bad that when you buy a Government Bond, you dont get any interest. In fact, they keep some of your money. No wonder the money is coming over here in droves. I want to get to facebook. Maxine waters does not like their new libra Digital Currency. She chairs the Financial Services committee and she wants facebook to stop libras development. Lot of opposition from the regulators, and the stock which went up on the libra announcement is now moving lower, back to 187. Stay there, please. You are going to hear more from the president s speech in a moment and if you can stay with us, you will see Keith Hernandez. Hes kind of the trump of baseball. He speaks his mind. He does. Varney company is about to begin. Our economy is the envy of the world, perhaps the greatest economy weve had in the history of our country. Our radical democrat opponents are driven by hatred, prejudice and rage. They want to destroy our country as we know it. If i deleted one email like a love note to melania, its the electric chair for trump. Remember the only thing these corrupt politicians will understand is an earthquake at the ballot box. That is why tonight, i stand before you to officially launch my campaign for a second term as president of the United States. Stuart its official. The president at his Campaign Rally in orlando last night. Talking tough on immigration and a lot of other things, too. Now, heres how joe biden responded. It was in a tweet. Here it is. Lets be clear. President trump inherited a growing economy from the Obama Biden Administration and now hes in the process of squandering it. Okay. We will pass some judgment on that in a moment. Listen to what Bernie Sanders said. Roll that tape. We have a president who is a racist, who is a sexist, who is a homophobe, who is a xenophobe and he is a reoligious bigot. His strategy to win reelection is to divide the American People. Stuart that man on your screen, brad blakeman, former assistant to george w. Bush. What Bernie Sanders had to say there sounded a lot like Hillary Clinton and the deplorable speech. No doubt about it. Democrats havent learned their lesson. Its not enough to be against trump. Its not enough to be against anybody. You have to stand for something. What democrats stand for, the American People are not going to buy. We are not a socialist nation, we never will be. Its about earning what you are capable of doing and its about rising and using your abilities to the best of your ability. Stuart its also about the way they, as in they, the democrats and elites, think of us. I want to go back to this. He said, the president said our political opponents look down with hatred on our values. I think he just declared war on the leelites all over again. The average american is not an elitist. The average american is looking to raise their children and make a living. Thats what hes talking about. Because thats where the president has raised up in this economy. We are at full employment. Minority employment is through the roof. Women employment is through the roof. The president is delivering to everybody in this country. Stuart joe biden says the president is squandering the economy which he grew with obama. Well, i think biden yearns for the day when he could have his bad economy as this president has delivered for us. If this is a bad economy, i dont know what a good economy is because this economy is hitting on every cylinder. Stuart they are just making it up. Thats my personal opinion. Now, the other side of the coin is the recent polls. Which do not look good for President Trump. Earlier this week the fox poll showed that joe biden led the president by i think it was ten points. Then we had a michigan poll, biden leads trump again, double digits, i think 11 points there. Look at that. Then we have a quinnipiac poll from florida showing biden 50, trump 41. You know, you cant just dismiss all of this. How do you account for these terrible polls . I dismiss them. Heres why. National polls arent worth the paper they are written on because primaries are state by state events. Remember, trump doesnt have a primary. By the way, for the last two and a half years, the president has been beaten up by a mainstream media. Now we have 26 candidates, democrats beating him up every day. The president has not had the opportunity to get out there and campaign. You saw the rally last night. Joe biden cant fill up the mens room in a truck stop and you have President Trump, 20,000 some people and thousands who cant get in. When i looked at the polls last time with Hillary Clinton, trump had the same deficit. Dont trust National Polls this early in state by state primary events and eventually, National Polls will mean something. When . In that 90 days when we are running a general election. Stuart that was a little harsh. Couldnt fill up a mens room at a truck stop. Thats the truth. Bidens rallies are anemic at best. Stuart we will leave it at that. Thank you. All right. Ive got to move on to china trade because thats a huge issue. Which camera . Where are you . Youre there. All right. Got you. President trump will meet with xi jinping at the g20 summit later this month. In my opinion, xi has been brought to the table by his own domestic problems and pressure from President Trump. Lets see if gordon chang agrees with me. What do you say . I certainly agree. Right now, xi jinping is facing multiple crises. Hes got hong kong, of course, two Million People in the streets. Hes got the trade friction with the United States and a general issue, in beijing they are saying who lost america. Then theres the economy. The chinese economy from may looked like it was zero growth, maybe 1, maybe even negative 1. Its not just the economy thats a problem. Hes got the beginning of capital flight and hes got factories, foreign and chinese, leaving china. Hes got to deal with that all at the same time. Multiple problems. Hes never had to do that before. In the last five years hes just intimidated everyone to do what he wants. Now he cant do that anymore. Stuart but can he agree to stop stealing intellectual property, to stop the forced transfer of technology . Thats the big sticking issues. Im sure he can agree to ill take 200 billion worth of farm product from america. Im sure he can do that very easily but the intellectual property and stealing technology, thats not easy for him to agree to. Well, he can agree to it, Stuart Stuart and not do anything about it. He cant do anything about it. You got to remember, in the beginning of may, he withdrew these trade commitments across the board to the United States. I think the reason he did that was because he did make those commitments in april but he found out that he couldnt force the state enterprises to adhere. So hes not going to be able to tell the head of a Chinese Oil Company or whatever, stop stealing foreign technology. Thats just not going to happen. First of all, he doesnt want to stop stealing. Second of all, he doesnt have the power in chinas system to be able to force that through. Stuart heres what i think will happen at the meeting. There will be smiles, a handshake and an agreement to china to import a ton of american stuff, and a framework to keep talking. Would that satisfy mr. Trump . It would certainly satisfy xi jinping. Yeah, i dont know what the president would do. Im not sure that the chinese are going to make any Firm Commitments at the g20 at the end of this month. I think what they will do is agree to a new framework to talk and that can take months. But thats a victory for the United States. The reason is the longer this trade friction continues, the more factories leave china. The nikkei report that apple is planning to move 15 , 20 of its production out of china, thats significant. Stuart its a big deal. Gordon chang, thank you very much. See you again soon. Look at the markets. We are opening up in 20 minutes time. We will be up look, its a flat to slightly higher market in advance of the Federal Reserve declaration on rates. A massive cocaine bust in philadelphia. The fed seized more than 1 billion worth of the drug. We will tell you in a moment where that drug was headed. Its not for america. Sandy beaches in the Dominican Republic, lots of tourists every year but the unexplained deaths of several americans has a lot of people wondering if its safe to go there. We are on that story. President trump says i. C. E. , the immigration people, will start deporting millions of illegals. That was quite a warning shot, wasnt it . Former acting i. C. E. Director tom h oman is next on that. Varney company just getting started. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Stuart house Financial Services chair Maxine Waters wants facebooks Digital Currency, the libra, delayed. Whats going on . Susan libra wont be introduced until next year but Maxine Waters says, given the companys troubled past, im requesting facebook agree the a moratorium on any Movement Forward on developing a crypto currency until congress and regulators have the opportunity to examine these issues and take action. Its a bipartisan issue because we also have the Top Republican on the house Financial Services committee, patrick mchenry, saying we may need more time to assess this new offering from facebook. Senator mark warner of course has chimed in, sherrod brown. This wont even be introduced until next year and is this necessarily a facebook issue because we have other bitcoin traders out there already. What about apple pay, very similar to what facebook wants to do. Whose purview does this come under, the ftc, the fed or the s. E. C. . There are so many questions still. It wont be introduced until 2020 so theres still some time to try to figure it out. Stuart but the opposition did pull the stock down after it had been on a tear. Susan its down half a percent in premarket. But it did rally yesterday. Stuart do you remember, im sure you do, when President Trump tweeted this about immigration. I will quote it for you. Next week, i. C. E. Will begin the process of removing the millions of illegal aliens who have found their way into the United States. They will be removed as fast as they come in. Mexico using their strong immigration laws is doing a very good job of stopping people. Joining us now, tom homan, former acting i. C. E. Director. Tom, i see that as a warning shot. Hey, watch out, im going to start doing this. Its not that hes going to be removing millions in the near future. Its a warning shot. Is that your reading, too . Hes saying that i. C. E. Is already doing a lot of this. Half of i. C. E. , you got 14,000 Law Enforcement officers, half those officers are called deportation officers because their job is to seek out those with orders. What the president is saying, we are going to do more of it. So yeah, will we move a Million People over the next couple months, no, but they will step up their efforts and show the Central Americans are coming up and claiming asylum, that we are a nation of laws and we are going to have integrity in our system. If you get ordered removed by a judge, you need to leave. Stuart do you have the resources to take people out . Well, look, i. C. E. Has 14,000 officers. Half are deportation officers but the other half are called special agents. They also have title 8 authority so they can make immigration arrests. There is Family Detention Centers and theres beds available that it can turn on. Of course, they will need funding from congress. Whether Congress Gives that to them or not. Look, these men and women are dedicated professionals. They will find a way to get this done. Again, it wont be as big as the president wants it to be right off but they can start stepping up the enforcement efforts. We talked about this on the show before. I did this in fy 15, looked for families and removed them and guess what, border numbers went down. Its way beyond time to do this. I have been talking about this for months. Im glad they are finally stepping up and doing it. Stuart last night, President Trump slammed the democrats for not supporting i. C. E. Lets have a look at that. The heroes of i. C. E. , Border Patrol and Law Enforcement generally throughout our country. And in the ultimate act of moral cowardice, not one democrat candidate for president , not a single one, has stood up to defend the incredible men and women of i. C. E. And Border Patrol. They dont have the character, the virtue, the spine to do it. Stuart tom, did you write that script . I really could very could have well. The president is right on the money. Every democrat running for president wants to abolish i. C. E. Rather than doing their job and fixing the immigration laws, they would much rather abolish a federal Law Enforcement agency that does a lot to protect this country. Hes right on the money. If i didnt write it, i wish i would have. Stuart i dont know whether you will answer this or not but im going to ask anyway. Put the man on camera. You know whats coming, tom. Are you going to be the next border czar . Well see. Ive had discussions on this and do i want to leave all this . Well see. Im a patriot at heart. I come back from retirement once. Will i come back a second time . Never say never. Stuart never say never. Thats the best answer ive had yet. Tom homan, thank you very much indeed. We hope to see you again real soon. Sure thing. Thanks for having me. Stuart have a look at futures in advance of the feds decision on Interest Rates and their outlook. We are just flat to slightly higher across the board. I got news for disney theme park fans. Watch out. They are raising prices. In a moment, we are going again, i should say. In a moment, we will tell you how much it costs to buy a premier annual pass. Weve got the very big number for you after this. Truecar is great for finding new cars. Youre smart, you already knew that. But its also great for finding the perfect used car. Youll see what a fair price is and you can connect with a truecar certified dealer. Now youre even smarter. This is truecar. Hey i live on my own now ive got xfinity, because i like to live life in the fast lane. Unlike my parents. You rambling about xfinity again . Youre so cute when you get excited. Anyways. Ive got their app right here, i can troubleshoot. I can schedule a time for them to call me back, its great you have our number programmed in . Ya i dont even know your phone anymore. Excuse me . what . I dont know your phone number. Aw well. He doesnt know our phone number you have our fax number, obviously. Todays xfinity service. Simple. Easy. Awesome. Ill pass. Stuart ive done my thing at disney many times over, and the price of entry keeps going up. Wait until you hear how much theyre going to charge, let me get it right, for a premier annual pass. Tell us. Susan 2100. Its an increase of 150. Why are they doing this . Because star wars is opening at Walt Disney World at the end of august. They think they can increase prices to hook you. You also get access to disneyland in california with this pass if you were so interested. Stuart 2,099 for a premier annual pass. In other words, i can go as often as i like in one year to any park. Lauren and parking is free. Susan do you skip the lines . Lauren thats a good question. I would hope so. Ashley you should dress up as mickey mouse for that amount of money. Stuart amazes me how they keep on raising prices and keep filling the parks. Susan 20 billion in revenue for disney theme parks in 2018. That was before the star wars. Thats open in disneyland as of may and this one coming to disney world so expect that number to go up even more. Theres interest. Theres demand. They are doing it because they can. Stuart but 20 billion worldwide, the tokyo park, hong kong park, the french park, both sides both our coasts, 20 billion in revenue. And disneys stock just hit a record high couple of days ago. Susan Fastest Growing revenue contributor. Now you know why. They are paying 2100. Stuart in economic terms that is the inelasticity of deman