Overall, stocks are moving slightly higher ahead of the opening bell. Remember, this is a shortened day of trading because of the july 4th holiday. The market closes at 1 00 p. M. Eastern for the fourth of july. We are remembering an icon in the Business World. The ultimate salesman of all time, lee iacocca, has died at the age of 94. Hes best known as the father of the mustang and for saving the company chrysler. Well have much more on his impact throughout the morning. Varney company starts right now. David President Trump is changing the annual fourth of July Celebration in the Washington Mall thursday. It will include a flyover by military aircraft, more fireworks and the president will even give a speech of his own. The president is already tweeting about it. Quote, our july 4th salute to america at the Lincoln Memorial is looking to be really big. It will be the show of a lifetime. You can bet on that. Joining us is brad blakeman, former Deputy Assistant to george w. Bush, and someone who is going to be there. Im going to be there. David what do you think of this . Some people say its too political. I think its awesome. The American People have a right to see what they paid for. They want to appreciate our military. They want to see whats made in america, the finest military equipment the world has ever seen. You know the excitement of seeing air force one at 1,000 feet coming over the mall or seeing marine one, the new marine one debut or the Stealth Bomber . If anybody has ever seen the Stealth Bomber come so close to the ground, can you imagine what our enemies feel like when they see that . Thats why the iraqis thats why the kuwaitis surrendered. David some critics are really insulting, i mean, they really get under my skin because what they are saying essentially is that hes turning the United States into a fascist country. This is a country that defends democracy. By the way, its right in our national anthem, the bombs bursting in air. What do these critics think those words mean . And it wasnt just once that we fought for freedom. We continue to fight for freedom and the brave men and women in our military do that every day. Every day. You want to know something . The kids and the parents who go out there and its not just for trumps supporters. There are going to be a Million People out on the mall. They are going to remember this the rest of their lives. I remember ditching school when i was 17 in palm springs, california because president ford was coming for easter. I ditched school and walked a mile to the airport to see air force one. I remember the thrill of seeing that plane and seeing our president. Youll never forget it. David there are another group of americans that risk their lives every day and too many of them die in the line of duty. Those are our Border Patrol agents. They are now being criticized by people who know nothing, they walk into these detention centers, they suddenly have the truth more than the people who have been fighting on the line, on the border, for years and years, risking their lives. 40 have died in the past by the way, they are being accused of being racist when in fact, the last five Border Patrol agents to die in the line of duty were hispanics. They are calling hispanics who die in the line of duty antihispanic. Its not only nonsense but its insulting. Its worse than that. Its criminal to cause the kind of rhetoric that causes violence and that causes people to come to america. They are encouraging people to come here and then when they create a crisis, they say well, mr. President , why arent you caring for these people. Thats not their job. By the way, creating sanctuary cities, you dont think that that is an opportunity for people to get a signal that its okay to come here illegally and stay illegally because they are going to be sheltered . David how about free medical care, even more generous than that which is given to citizens being offered by all, every single democrat candidate raised their hand when they said would you provide it to Illegal Immigrants. This is why democrats have gone so far left, they are at the point of no return. David even joe biden raised his hand on that. Joe biden raised his hand, then tried to take it back. It was a one finger raise. It was like the kid in school, wants to get credit but its not going to work. You have to be selected by the party before youre elected by the people. Unfortunately, they will select somebody who is unelectable. David have fun tomorrow night. In addition to being a great patriotic event, you are allowed to have fun. It will be a great fun event. Thats what the fireworks are all about. Great to see you. Lets take a look at tesla. Posting record deliveries. Now, that is a change. Joining us is market watcher george see. This takes some of the pressure off of elon musk, doesnt it . Absolutely. It does in the short term. I think one of the things that we have in common with the tech bubble in the late 90s is that concept stocks are super popular again, whether its uber or lyft or tesla, and im glad for the company and for its employees and people who buy their cars that its had a little bit of an uplift this quarter but they still have a long way to go. They lost about a billion dollars last year. David what else do they have to do . The delivery issue was the key issue, was it not . I think the issue is actually making positive cash flow so they can actually justify their market cap and valuation. I would side with jim chenos who has been negative and short on this stock for a long time. Its a real speculative bet. I think anybody investing in it, i admire their risk taking appetite. David just to push back one more time, though, wont the delivery, the ability to meet their estimates for deliveries, wont that help them get another loan if they need it . In the short term, sure, it helps them a lot. The stocks going to rally dramatically this morning. Thats good for tesla and good for the country. I hope they have more success Going Forward. Well see. David all right. I have got to ask you about jobs. We just had the adp figure come out. 38,000 less than expected on new jobs created. Friday we get the big number. What are you expecting . I think the economy has softened. I think theres a lot of fear in the air over the tariff war with china and all the saber rattling we are doing around the world with various countries. Companies are telegraphing pretty transparently that they are going to have a soft earnings quarter for q2. I think the economy is slowing and jobs growth is slowing and we have had a record economic recovery and stock market boom. I think its natural for us to have a little softness right now. Im not too concerned about it. I think the markets will be in q3. I think q3 will be a tough quarter for the markets. David i think we are getting another telegraph and thats from the price of gold. Thats spiking again. Its well over 1400 now, 1419. 50 right now, gold is. I think its spiking because of Christine Lagarde. Shes the presumed next head of the central bank of europe. Do you think because she is such a big fan of negative Interest Rates, she might go ad infinitum with negative Interest Rates according to what shes written before, thats whats making gold spike and giving investors a little bit of concern there . If i was in charge of economic policy, Monetary Policy for an Economic Zone thats had about 1 growth for the past ten years, i would be crowing about how great negative Interest Rates are as well. Shes got a rough hand to play. I looked at gold this morning. The last eight years, golds down about 15 and the stock market is up about 140 . David but george, the reason why, the reason why europe is going slow is not because Interest Rates are not low enough or negative enough. Its because of the fact they keep raising their taxes, they keep raising the regulations, they keep finding new means of fining Business People. Thats why europe is slow, no . Demographically theyve got incredible challenges. They have got massive immigration issues and negative Interest Rates are a sign of weakness on the part of europe. I would hate to be europe and competing with us and the asian countries. They are really in a rough spot, no question. David good to see you, my friend. Happy july 4th. Thank you very much. You, too, david. Thank you. David a federal judge is getting ready to cut the damage award in the roundup cancer trial. Ash, you have the details . Ashley listen, this was an award of 18 million. The defendant said he got cancer from working around roundup. Bayer, who owns the roundup name, of course, when they bought monsanto, said there is absolutely no proof. The judge says we are going to have to cut this award. The amount is too much. It was 5 million in compensatory damages and 75 million in punitive. He said way too much. He could reduce that by down to 50 million. Still a big verdict, dont get me wrong. But the judge says the ratio here is all out of whack. Even the constitution in california says you cant allow this kind of award. However, lets not forget that bayer faces another at least 13,400 lawsuits along the very same name. David hold on, we have a very special guest coming on later this hour, and there he is. Hes going to be ringing the opening bell at nyse. This is a medal of honor recipient. As you well know, there are very few of these gentlemen alive right now. This is one, the first living medal of honor recipient for his actions during the iraq war. He was in fallujah. He was in an unbelievable situation in which he had to fight his way out of a house that was swarming with terrorists. This was in the worst days of fallujah, if you remember, right before the surge that essentially took care of that problem. But this is a man who was right in the thick of things and he finally deserved the award that he deserved. He absolutely deserved that award. As most medal of honor recipients, hes a little shy about what he did but again, he is arriving at nyse. He will be ringing the opening bell at the bottom of the hour. Susan class on at the floor of the Stock Exchange. Very, very respectful of the armed forces that make an appearance at the new york Stock Exchange. There you go. Showing their respect. David amazing man. Theres his family coming to join him there, as we hear i believe thats the starspangled banner being played behind him. Again, its going to be a great honor to welcome him on Varney Company but he will be here at the bottom of the hour. Staff Sergeant David balavia. Well be right back. 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. David believe it or not, perhaps this was the intention all the time, dow component nike catching some heat for pulling the shoe featuring the betsy ross flag. You know, the point is that they love controversy. I dont think its a coincidence at all that this thing came out during july 4th week. Susan very good point. It looks like their decision to pull the shoe also confused a lot of their internal nike employees as well. Why does Colin Kaepernick even matter since he wasnt even endorsing this shoe and usually only athletes endorse their own brand of shoe gets a say. Nike says look, we are so proud of the American Heritage, our American Heritage and we made the decision to halt distribution of the air max 1 quick strike fourth of july based on concerns that it could unintentionally offend and detract from the nations patriotic holiday. Okay. So david i dont buy that for a second. Susan arizonas governor has stepped in because apparently nike was looking at arizona to build a 185 Million Manufacturing facility which would have employed 500 employees. Arizonas governor says you know, we dont want you if you dont want to be patriotic. New mexicos governor says come on down, hey, nike, lets talk. Want to bring your money, well still accept it. But theres been a lot of controversy about this. You know, even those that Research American flags and those who trash extremism, they say some extremist groups have tried to appropriate the betsy ross flag but it isnt widely used by white nationalists or far right groups as a symbol, so its surprising that david i have not seen that symbol used by far right groups. I looked for it yesterday. I googled it. I couldnt find it. Lets stay on nike and bring in the host of the new marriage rescue. I think this was all a plan by nike because they have done well with controversy, with the first kaeperni kaepernick row. You think this is round two . I do. It worked the first time. Why not go at it the second time. Why even get into this . Why did nike recognize him within this process . David its amazing that one guy has so much influence susan hasnt played since 2016, mind you. David thats why i think the whole thing is kind of a setup. The one benefit, i would say, from this whole controversy, it has instilled in a lot of people a willingness to fight stronger for patriotism. Dont you think . I completely agree. When you take a look at that flag, one of our original flags, whats more patriotic than that . The symbolism of that is not right, not left, hasnt been used by any organization for any negative purpose, its all positive. David thats right. To switch it that way has to be coordinated. I think its very strategic. David the interesting thing is nike is an organization and a lot of these sports organizations are built on logos. You can say it might be trivializing it a bit, but that the American Flag is a logo for america, for what it stands for. There have been individuals who have died for that flag, carrying that flag into battle, but it is probably the strongest symbol i would say in the entire world right now, is the American Flag. So to attack the flag, it was a little different with the first kaepernick goround. This is attacking the flag. Kaepernick of course said he was never against the flag. Now it turns out he was. Apparently hes against the 13 original colonies which is really what that flag represents which makes no sense whatsoever. David its the symbol of freedom in the world and will continue to be so. Stay with us. We are happy to have you here for the hour. More john in a moment, including this one. Sober bars, have you heard about a sober bar . Thats a nonalcoholic, an oxymoron. They are popping up in cities all over the country as more millenials are apparently ditching alcohol. What does this mean for the liquor industry . Who better to ask than the man who does bar rescue . And heres a look at futures. They are up, particularly looking at tesla and how the market responds and investors respond even on a july 4th holiday week. Well be right back. Hey, who are you . Oh, hey jeff, im a car thief. What . im here to steal your car because, well, thats my job. What . What . . What . laughing what . . What . what . [crash] what . haha, it happens. And if youve got cutrate car insurance, paying for this could feel like getting robbed twice. So get allstate. And be better protected from mayhem. Like me. Its a revolution in sleep. The sleep number 360 smart bed is on sale now during our lowest prices of the season. It senses your movement, and automatically adjusts to keep you both comfortable. It even helps with this. So you wake up ready to hit the ground running. Dont miss our 4th of july special with the queen sleep number 360 c4 smart bed now 1299. Plus, free premium delivery when you add a base. Ends sunday. Sleep number. Proven, quality sleep. David talk about a sign of the times. Sober bars are growing in popularity. Back to the host of bar rescue. More millenials are cutting back but sober bars . Its a contradiction in terms. Not necessarily. When you think about it, you can drink at home but bars are all about social interaction. Thats what really makes bars work. Millenials david without alcohol, its a coffee house, right . People arent quite as loose. They might not have as much fun. They might not be quite as friendly to each other as they are with the influence of alcohol but this is a powerful trend. I really think that david you really think its going to succeed . I do. When we take a look at coffee houses, coffee houses have almost programmed people below drinking age for the social environment. You sit around a small little table, we have a little coffee, we talk together. This is the same thing. David but, but, but so whats the difference between a sober bar and a coffee house . Theres no alcohol available. Sober bar basically, its not virgin cocktails or just soft drinks. Theyre mixed, shaken fruit drinks and specialty cocktails and things you cant get anyplace else. But you are still having a social experience. David what does a brit think about that . Ashley millenials, come out to the bar, have some drinks, meet your friends, have some fun. They dont sit around and talk at little tables. David thats part of it as well. Susan and whats the problem . You want to be social, hang with people, whats wrong with that . David very quickly, marriage rescue is another one of your shows now. Do you think you could have saved the bezos marriage . Oh, boy. The biggest reason for divorce is financial issues. Thats clearly not their problem. David shes only getting 30 billion. She didnt get all of it. Ashley 38. Theres not a financial dilemma thats causing this. I would guess no. Its been such a tough road and its been so ugly at times. Im guessing theyre at a point of no return. David are there any marriages you think you could save but after listening to all the details, you realize maybe it shouldnt be saved . Sure. Sure. I think theres a bunch of, you know, when you think about the greatest divorces and marriages of all t