To the west coast, where the earth continues to shake in Southern California. We pose this question. This is the precursor to the big one we have all been warned about . Varney company starts right now. Looking, cutting, shooting, scores ashley that was a beautiful goal. The u. S. Winning 2nil, celebrating their fourth world cup victory. By the way, aoc tweeting this. At this point, we shouldnt even be asking for equal pay for the United StatesWomens National team. We should demand they be paid at least twice as much. There you go. Here is President Trump on the victory. Were [ inaudible ]. We have to see whos taking in what. I dont know what those numbers are. I would like to see that. But again, you have to look at the great stars of the mens soccer, the great stars of the womens soccer. Ashley that is a question, equal pay, lets face it, the womens team so much more successful than the mens team. Do they bring in the money . Susan well, i mean, if you think about it, theyre number one ranked in the world, a record fourth world cup, sponsorship has increased since 201415 when the men last played a world cup, mind you. So yes, it should be equal pay. All 28 players on the team have sued the federation saying why should we make 38 of the compensation of a mens player when we are so much more successful. The numbers really prove it. Revenue has shot up and the men cant even make it to the world cup themselves. Hello . Ashley i think they have a strong argument. Susan i think so. Ashley interesting to see how that plays out. Susan should be obvious. Ashley yes. Thank you, susan. Lets take a look at the futures. Seems obvious we will open down at the opening bell by 100 points on the dow, down a quarter of a percent on the s p, down half a percent nearly on the nasdaq. Stocks started to move lower friday after that strong jobs report reduced hopes for a fed rate cut. Joining us, our good friend market watcher dennis gartman. Dennis, seems like the market wants it all, as it always does. It wants a great economy, wants the trade deal with china. Oh, yes, what about the fed cutting rates. We will take that as well. Well, the odds of a fed rate cut have gone down rather dramatically in the course of the last 54 hours or so, given the numbers on friday. Walking in last week, it was interesting to me the consensus was there would be at least three rate cuts before the end of the year, certainly there would be two. Now after the jobs numbers on friday and listening to what the president of the cleveland fed had to say on another television station this morning, the propensity for a rate cut has obviously been diminished. However, we are at extraordinarily low levels of fed funds. Were at extraordinarily low levels of the two year, five year, ten year, 30 year bond. How much lower can rates go. Are low rates really the driving force and can you actually have a bull market in stocks with Interest Rates going higher. The answer is yes, you still can. Ashley its funny because Morgan Stanley says weaker growth, they believe, will offset whatever the fed does. If it indeed comes back with a rate cut maybe by the end of this month. So Morgan Stanley says sell stocks right now because growth is going to be hard to achieve. Its going to it will be very difficult to replicate 3 gdp growth again for the next year. Thats almost a given. Thats not going to happen. You cant continue the kind of growth weve had for the past year and a half forever into the future but can we have modest growth, yes. Am i bullish on stocks, well, i have tried several times in the course of the past year to be bearish. Thats proven to be utterly illadvised and unprofitable. So the trend is clearly from the lower left to the upper right. We will walk in one of these days and you were talking earlier on about the big one in california. The way this bear market or the way the bull market will end, we will walk in one day and there will be some geopolitical circumstance thats occurred, some natural circumstance thats occurred, the dow will open 500 points higher, the s p will open 50 points lower, and at that point you have to say the bull market has ended. But until then, its still a bull market. Until then, weakness is to be bought. But i got to tell you, after last weeks earthquakes in california that were rather consistent, my antenna are up. Ashley we have been warned. At least we are ready for something. Dennis, given that, where else does the money go and what are you buying right now . What areas do you like in this environment . The one thing that i have been buying, remember i trade only from my own account, its my money, i have my money at risk every day, and what i have been buying for the past several months are high yielding corporate Debt Securities that have been moving from the lower left to the upper right. They have been paying me monthly dividends on a very consistent basis, 7 , 8 , 9 , 10 on some of them. Yes, i have risk. Theres not a question about it. But when you are being paid on a consistent basis with instruments that are extremely liquid so that you can get out at any one time, quite honestly, thats the only place im putting my money right now. I own a fair amount of gold and have owned gold for several years and i was very impressed by what gold did on friday, even though it broke hard, it rallied hard off the bottom and this morning its trading better. So owning bonds and owning gold seems to me to be the proper place to be. Ashley all right. We have listened to you, dennis gartman. Your antenna are up. We cant see them but we believe you. Thank you very much. Appreciate your time this morning. Now this. President trumps Approval Rating reaching a career high. According to the latest poll from abc News Washington post it stands at 44 . Lets bring in bill guerin. Pretty good, right . Its very good for donald trump. Disapproval is still over 50 . But this is, look, this is early on. I dont think the game in 2020 is who likes donald trump. Its do you support what hes done or do you think that the democrats have a better game plan. Ashley thats the question. He appeals to his base. I dont think hes lost many people on his base. He continues to hammer away on immigration, talking of which, President Trump, if we can just move up the prompter, President Trump still pushing for this Citizenship Question on the census. Lets listen to this first. I will get your reaction. Theyre sending 15 to 20 billion on the census, asking everything except are you a citizen of the United States. How ridiculous is that. So we are moving forward. We have a couple of avenues and our attorney generals doing a fantastic job in many ways, and i think hes got it under control. We can do a memorandum, we can do an executive order. We are looking at different things. But there are other alternatives and again, i believe our attorney general is a fantastic man and i think hes got it very well under control. Ashley whats your thought on this . I mean, is this a waterloo issue for mr. Trump . I think it is, and i think in a way the Supreme Court has made it an issue, with a very bad decision. A really awful decision, in which we are going to get into motivations. In other words, the government can do something thats perfectly legal within its authority but because someone questions whether thats their real motivation, it goes out. I also think this is not looked at in a void. People are looking at the president talking about i want an accurate count of citizens and the democrats at their convention, their chief constituency seem to be people who are here illegally. They didnt even really mention working people that much. So i think this actually helps donald trump. Ashley but if someone who is in this country legally is asked are you a citizen, what are they going to say . If they are here illegally they are going to lie, yeah, im a legal citizen. You dont have to prove it. You are just being asked the question. When you get down to that level look, this is a very basic question. Tells you something when people go through all sorts of contortions not to know. I think its a reasonable question for a census. Ashley i want to ask you about whats going on on the democrat side. I feel like the crack is getting wider. We had the spat between nancy pelosi and aoc and the four members who voted against that 4. 6 billion spending bill, then she started questioning well, whatever this social media thing is. Not only is it a generational thing but its a real crack in the party, is it not . Joe biden was supposed to bridge that crack, right. He was supposed to be the guy that was part of the obama administration, a progressive administration, but kind of had roots into blue collar workers, the kind of people that may have voted for president obama twice or barack obama twice, and then voted for trump the last time around. It doesnt seem to be working that way. Joe biden keeps apologizing for everything hes done in the past and he looks very brittle as he does it. Again, the whole thing, what democrats really want is not purity of ideology but they want someone who can beat donald trump. That doesnt come across in the debates. Ashley it comes across as very wounded. Thats just the whole tenor of the debate. Ashley i understand, but with biden in particular. As a result of the attack he received from Kamala Harris, shes coming up in the polls. Right. He looks weak. Look, im not a supporter of joe biden but do i think joe biden was racist, no. Its insane. Its insane i think he would have been a lot better off standing up to it and i will give you another example. On the fourth of july, biden was elsewhere marching and he attacked the president that hes going to use this parade for political purposes for his ego. Well, the president didnt do that. Who did that . Joe biden. Wouldnt joe biden have been better off for himself when asked about that say i wish everyone in washington to have a good parade and celebrate the fourth of july. We are all americans and im not going to be political on this day but he did the opposite. Ashley he wouldnt have taken your advice. Thank you. Appreciate it. Good stuff. Lets take a look at the futures ahead of the opening on wall street. As you can see, been in the same range, the dow off about 100 points, the s p down quarter percent, nasdaq also down close to half a percent. Meanwhile, this. Big wins for the probusiness new Democracy Party and the new Prime Minister says guess what, hes committed to lower taxes and new jobs. Lots to talk about. Netflix possibly adding commercials to its programming. A new survey shows that most customers would be okay with the change. Could you be seeing ads for eggo waffles next time you stream Stranger Things . Maybe. Well get into it. Whats the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. 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A place for mom you know your family, we know senior living. Together well make the right choice. Ashley iran says that it has broken the imposed limit on uranium enrichment. President trump issuing a stern warning. Roll tape. Irans doing a lot of bad things and remember this, the obama agreement which was the most foolish agreement that youll ever find, it expires in a very short period of time. Iran will never have a nuclear weapon. Ashley thats the president. Joining us now is kurt voelker, former ambassador to nato. Thank you very much for joining us. Is this a move of desperation on irans part . They are really pushing it because they are feeling the squeeze of the sanctions. Is that what this is . I think thats exactly right. I think this u. S. Policy of maximum pressure is working. It is starving the regime of resources. They want those resources to keep up the regional role. What they are trying to do is lash out. They are raising enrichment, attacking ships, acan tattackin tankers and trying to get europeans to weigh in to put pressure on the u. S. To stop this. Unfortunately for iran, i dont think thats going to work. Ashley you mentioned europeans. They are really kind of they have the pressure on them, they will be meeting with russia and china, the other parts of this deal, and what do the europeans do, do you think, do they stick with the u. S. And abide by the sanctions . Seems to me if you are going to pick a side, surely you pick the u. S. Over iran. I think they are going to try to drive it right down the middle which will be difficult for them. The businesses in europe, the companies, they face great risk of losing their access to u. S. Market and Financial Systems if they dont follow the sanctions, so they will. The governments, on the other hand, will try to find some way to stick with the agreement in the hopes that they can convince iran to stick with its part of the agreement. That doesnt seem likely either. Ashley iran has threatened to not only go past acceptable levels of uranium enrichment but have hinted they will start breaking commitments elsewhere. Where does this thing go . How does it play out, do you think . I think this will force a new negotiation about what the ground rules have to be Going Forward at some point. But its going to take a lot of confrontation to get there at this stage. Iran, as the president said, iran was ultimately going to be free of these limits anyway when the agreement expired. This is just forcing the issue now so that we can confront what happens if iran continues to drive down this direction and ultimately its not in anyones interest, u. S. , europe, russia, china, anyone, for iran to actually get a nuclear weapon. Ashley we talk about pressure on europe but what about the pressure on iranian leaders . Their economy is in freefall, the oil sanctions, economic sanctions, sanctions on those people at the top of the iranian government, you say they are desperate and lashing out, but they are under a lot of pressure and how could this play out with regard to the people of iran themselves . Are they going to get fed up . Well, they are fed up. There is very little love for the Iranian Regime among the iranian people. The problem is that the Iranian Regime uses ruthless force to take out anyone who is seriously considering going against the regime. At a certain point, i think that the Iranian Regime itself is going to have to come to terms with europe and the United States if they want to stay in power. Otherwise, i think they are going to lose the means to continue to do so. Ashley its going to be fascinating to follow. Ambassador, thank you so much for joining us this morning. Really appreciate it. All right. Lets take a look at the futures, pointing downward at the start of the markets this trading week. We will be opening in about just over ten minutes. As you can see, all three major indices pointing down at the open. This as well. Starbucks in damage control mode after a group of Police Officers were kicked out of an arizona store. One customer complained that the cops were making them feel uncomfortable. We will tell you what starbucks is saying, after this. 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. Most of us dont know how much data we use, but we all know were paying too much for it. Enter xfinity mobile. Americas best lte with the most wifi hotspots, combined for the first time. When youre near an xfinity hotspot, youre connected to wifi, saving on data. When youre not, you pay for data by the gig. Use a little, pay a little. Use a lot, just switch to unlimited. Get 400 back when you buy the new lg g8. Call, visit or click today. Ashley right now, boeing and apple are poised to be a drag on the dow at the opening bell. Both down about 1. 5 . Boeing losing a saudi jet deal to rival airbus and rosenblatt securities downgrading apple to sell, saying the fundamentals are deteriorating. As you can see, that stock down 1. 5 . Both stocks down, in fact. Now this story. Starbucks. Police officers are asked to leave one of its stores. What happened . Susan this weekend, think of dumpstarbucks an and zerorespect. This stems from a case in tempe, arizona. Six Police Officers walked into starbucks as they usually do, going in to buy their coffee and to enjoy their lattes. One of the regular customers, a caucasian gentleman, walked up to the barista saying i feel anxious, nervous, uncomfortable as the Police Officers question the baristas on multiple occasions. One of the baristas walked up to the Police Officers and asked them very politely to maybe leave the premises as one of the customers was feeling uncomfo