Here it is. Because of the faulty [ inaudible ] we have going for us at the federal reserve, we pay much more than other countries. In other words, our interest costs are much higher than other countries when they should be lower. Correct. All right. Thats where the president stands on the fed. 2020 democrat candidate liz warren going after wall street once again, this time shes also slamming private equity firms blaming them for the closures of toys r us, sears and other retailers. Hows this for irony . Campaign workers for Bernie Sanders say theyre not getting paid enough money. Theyre demanding 15 an hour. Of course, remember, bernie is one of the biggest proponents of raising the minimum wage. And by the way, we have astronaut scott kelly on the show this hour to talk about the new chevy corvette. He compares the cars engine to a rocket. Oh, yeah. Weve got a rocketfueled jampacked hour ahead including lara trump right here in the studio. Varney Company Begins right now. In fact, we now live in an america where wall street is sucking value out of the rest of the economy, and weve got to put a stop to that. Anyone remember shopco . Yeah. You know why shopcos closed . Private equity. Anyone remember sears . Yeah. Sears, private equity. Toys r us . Gymboree . Its not just retailers. They have done this to nursing homes. They have done this grocery stores. Ashley you name it. Wall street, giant vampire. That was Elizabeth Warren taking direct aim at wall street, demonizing private equity and accusing wall street of looting the American Economy. All right. Joining us now, market watcher do doriwiley. Do you loot the economy . If i do, im not doing a very good job. Ashley what do you make of those comments . Thats selling. Thats just trying to get my vot votes, people that may not understand whats going on. I dont think america buys that. Thats an illinformed argument. Thats saying private equity does no good and ran those companies into the ground. Sears was going into the ground on its own. Investors lost money in it. Ashley they were slow to adapt to a new environment. Ecommerce, amazons of the world came in and ate their lunch, right . Absolutely. That was a competition issue. It had nothing to do with private equity. In fact, funds lost money in that deal. They didnt make money. Ashley but it makes for an easy campaign pledge, right . We need an enemy. Shes making wall street the enemy. Its a Campaign Pitch but its not the truth. Ashley how many people know that. Thats the question. I think in the end, i think in the end theyll figure it out. Ashley stay there. We want to talk netflix, microsoft, all that good stuff. Lets get back to Bernie Sanders. Hes all about that fight for a 15 an hour minimum wage but his Campaign Workers, well, theyre complaining saying they are only getting less than 13 an hour and working 60 hour weeks. Joining us now, ned ryan, former president ial writer for bush 43. Youve just got to love the irony, the hypocrisy, whatever you want to call it but it is hypocrisy, right . Absolutely. This is a perfect example of the hypocrisy of socialism. They want someone else to pay for everything and its really not about everyone sharing equally. All the Bernie SandersCampaign Workers want is him to be true to his rhetoric. 15 minimum wage and actually paying for health care for those that are making 60,000 or less. Fact of the matter, this is rhetoric meeting reality. When you look at all these crazy democratic ideas, i did the math, you put together all the estimates for the green new deal, medicare for all, universal basic income, its about 180 trillion over ten years and the fact of the matter is, bernie does not want to pay 15 an hour. He does not want to pay for health care unless taxpayers and american businesses are actually picking up the bill. Its a beautiful show of hypocrisy and i hope the American People are paying attention. Ashley me, too, because it is the very definition of hypocrisy. Stay right there, ned. We will get back to you in a minute. Lets get the shares of dow component microsoft, it will open of course higher after posting record revenue, boosted by its Cloud Business. Back now, our market watcher. Okay, microsoft. I remember when stu and i were talking do you think it could hit 100. That didnt seem like but three weeks ago. Is it too expensive at this level . Would you buy in . Thats the problem. We all have a reference point. I thought about it today at 25 bucks. I wonder whether i made some sales later on. You know what, i was looking, its pretty fully priced. Its a fair price. I dont think its too expensive. When you compare it to other things in the market, particularly fang, i think it looks like a really good buy. Put me in the camp, we need to put microsoft in fang. Theyre the ones that are trillion dollar market cap. I have been working all day trying to figure that out. Ashley they are certainly doing something right. They seem to be just moving, again, double digit Revenue Growth consistently. I dont see whats going to slow them down at this point. No, theyve got nine quarters of it. You got to give credit to their management. They refocused, they got on their Cloud Business, got on their software, put them together, made deep inroads with their clients, you know, at t and others. Its not just their clients growing, but their clients existing. Those are big companies. Thats a real formidable mode if you will, for them to grow and compete against apple or amazon. Amazon web services is number one in that business. Ashley on the other side of the coin, netflix. Got slammed yesterday after those weak domestic sub numbers. Youre not a fan, are you . I havent been a fan for six to nine months. Several reasons. They have increased debt, their subscriber growth was slowing. Now in this report, their u. S. Subscriber growth is down. Thats the most profitable segment. They can hide it a little bit with the foreign subscribers but those are only onethird as profitable as the u. S. Subscribers. You have that debt and you add the fact theyve got all this original content going on and lets face it, youre betting on whether you think content is good or not. Youre competing against disney, against amazon. I just think theres better ways to invest. That stock has been overpriced for awhile. Ashley you are not a fan. I get it. Dory, thank you. Lets get back to former president ial writer for bush 43, ned ryun. In your latest oped you say Silicon Valley is a clear and present danger to our rights. What do you mean by that . Well, i think first of all, these Tech Companies are monopolies. I think we need to have a conversation, we already are, will breaking them up and having antitrust used against them. The fact of the matter is when you see Companies Like google being able to control upwards of 90 of the Search Engine results, i think we have to have a conversation about whos really controlling freedom of speech and the free flow of information online. The fact of the matter is nobody owns the internet. I made this argument in this piece at american greatness the internet is not owned by anybody so why do these internet squatters like facebook and google, why have they decided that they get to control what free speech looks like and what flow of information looks like. The thing thats dangerous, we saw testimony in front of the u. S. Senate the other day that they might have been able to manipulate millions of votes in 2016 and if they actually take the gloves off in 2020, it could be upwards of 12 million votes. I think we have to have that conversation. Break up the monopolies, redefine them for who they actually are. These are publishers, telecommunications companies, and if we dont, i think our selfgoverning republic is over and we are looking at a tech oligarchy. Ashley how long does that take . If you think thats got to be the future, how long away is that . Not very far. If you look at where theyre headed and really betting hundreds of billions of dollars on their vision for the future, were talking in the next few years, not that long. We have to have a conversation. What do we want our future to look like in regards to Artificial Intelligence, free flow of information, these things have to be dealt with quickly and i have to applaud senator josh hawley and senator mark warner for what they are trying to do in addressing these issues right now. Ashley we will leave it there. Thanks for joining us on this friday. Appreciate it. Lets take a look at the futures. Theyre moving higher. Fed optimism, i guess. The dow up 102 points in the premarket, s p and nasdaq also up about a quarter to a third of a percent. Now this. Is your boss spying on you . A new report says employers are finding new ways to figure out what youre really up to while on the job. Weve got that sinister story. President trump tweeting this morning about that send her back chant. Here it is. Quote, it is amazing how the Fake News Media became crazed over the chant send her back by a packed arena, a record crowd, in the great state of North Carolina but its totally calm and accepting of the most vile and disgusting statements made by the three radical left congresswomen. Well get into that. Up next, trump 2020 Senior Adviser lara trump. As much as the president would like this story to go away, it is not. How is the Campaign Going to deal with it . We will ask her that, next. Ashley were back. Check apple. Up a quarter of a percent, 206 for apple. This after the price target was raised to 180 from 175. The stock, as you see, going to open at about 205 unchanged. Lets check amex. American express revenue up, profit up, they have raised their dividend four cents to 43 cents. All sounds good, right . Stock moving lower, down 1. 25 on premarket, at 126. Now this. President trump says a Navy War Ship destroyed an iranian drone over the strait of hormuz after it threatened the ship, but now iran of course denying it. Not much impact on the price of oil. As we have seen that kind of trend recently. Oil actually just up 39 cents. Whats going on . Susan iran says all this Unmanned Aircraft have returned to their bases. Lets get to this tweet we got from irans Deputy Foreign minister. He says we have not lost any drone in the straits of hormuz or anywhere else. I am worried that the uss boxer has shot down their own drone by mistake. Well, we had this drone according to u. S. Defense officials flying way too close to the u. S. Naval air ship as you saw there, so instead, they used electronic signals to jam the drone so it couldnt connect with the base, right . So according to the u. S. Defense department and the white house, this drone has been downed, according to iran it has not. However, we do know that iran has been harassing a lot of vessels that pass through the strait of hormuz which controls about a third of the seaborne oil that passes through it. Ashley President Trump, by the way, disavowing the send her back chant while speaking to reporters in the oval office. Roll the tape. I disagree with it, by the way, but it was quite a chant and i felt a little bit badly about it, but i will say this, i did, and i started speaking very quickly. Ashley all right. We are joined by lara trump, trump 2020 Senior Adviser, out of character for the president. Welcome, by the way. Lovely to have you here. Its a little out of character for the president to walk back and walk Something Back a little bit. Whats your take on that . But he wasnt the one that was chanting it. He started talking about the squad and some of his issues with them and things that he thought was very antiamerican and just disappointing that he had seen from them, then the crowd, i was there, by the way, so i witnessed the whole thing in realtime. The crowd themselves started chanting this. It wasnt the whole crowd. It was a couple of people right there in the front but he didnt say it. Hes saying, you know, i started talking afterwards, i didnt love it so i mean, what can you do . No matter what he would have done, it would have been a problem for the Mainstream Media and everybody would have attacked him. Ashley is it racist to say if you dont like this country, if you hate this country, if you dont love this country, go back . I think if anybody doesnt love this country, it is not a racist thing to tell them to leave, whoever you are. You know what, its sad to see that we do have people out there burning flags in our country annealling for the National Anthem and whatever way that you are showcasing your disdain for america, why are you here . I think thats really the whole point of everything when you get down to what the president meant by, i mean this has turned into such a big deal now, but thats at the base of it what hes saying, these people say they dont love our country, they call it garbage, they are constantly attacking people that are trying to keep us safe, why are you here, you know . Ashley next one for you. The democrat debates continue at the end of the month, july 30th, i believe. Last time, Kamala Harris took a direct shot at joe biden. Some say it hurt him. What do you thinks going to happen this time around . It seems like weve got four frontrunners, biden, harris, Bernie Sanders and Elizabeth Warren. Can we say is joe biden still a frontrunner . I feel like hes slipped a lot. I remember before he even announced so many people asking me from the campaign perspective, are you still concerned about joe biden. I have always said joe biden is not a big concern of ours. I think you saw in that last debate and a couple of things that have happened since then, his comments on china and the tariffs with china, i think were not good to him. But certainly, hes preparing for this debate when it comes to harris, because she really took him down in a way. In the first debate. It will be interesting to see bernie and Elizabeth Warren. Ashley i want to get back to the squad issue. It seems as you said, this issue is not going away. They dominated the headlines now for almost a week. Is that a good thing for from your perspective, with the Trump Campaign . Do you want the focus to be on four radical Progressive Left members of congress as opposed to the Democrat Party as a whole . Well, i think now what youve seen is that they are united behind these four women, so if you want to hear what the Democrat Party stands for and nancy pelosi backs them up, everybody has rallied around them, i think from our perspective, thats a great thing. These are the women, these are the face of the democrats and if you agree with open borders and abolishing i. C. E. And calling our Border Patrol agents nazis and all of the other kind of crazy things that weve heard out of these women, that if youre a black or brown face, you have to vote with us, you have to go along, that is crazy. This is the United States of america. We are free and we can make our decisions based on intelligent choice. So i think its good for us. Were okay with that. Ashley thats a good place to leave it right there. Lara trump, thank you so much for coming in. Appreciate it. Lets take a look at those futures, moving higher ahead of the opening bell about ten minutes from now. Losing a little bit of the steam. The dow still up about 800 points. S p and nasdaq also moving higher. By the way, social media in a frenzy over the release of the trailer for the new top gun movie. Weve got your clip coming up next. Jardiance asks while managing your type 2 diabetes why think about your heart . Lower a1c helps, but type 2 diabetes still increases my risk of a fatal cardiovascular event. And thats why theres jardiance the first type 2 diabetes pill that offers a lifesaving cardiovascular benefit for adults who also have known heart disease. It can significantly reduce my risk of dying from a cardiovascular event. And it lowers my a1c, with diet and exercise. Jardiance can cause serious side effects including dehydration, genital yeast or urinary tract infections, and sudden kidney problems. Ketoacidosis is a serious side effect that may be fatal. A rare, but lifethreatening bacterial infection in the skin of the perineum could occur. Stop taking jardiance and call your doctor right away if you have symptoms of this bacterial infection, ketoacidosis, or an allergic reaction. Do not take jardiance if you are on dialysis or have severe kidney problems. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. So, now what do you think . While my a1c is important, theres so much more to think about. Ask your doctor about jardiance today. Ashley there you go. Who does not love that . You feel the need susan for speed . Ashley good news for top gun fans. The trailer for the muchanticipated sequel has been released. Susan li can barely contain herself. Susan its been 33 years since top gun and tom cruise surprising comiccon in san diego and his iconic character peter maverick mitchell is back. You should be at least a twostar admiral by now. Yet here you are, captain. Why is that . Its one of lifes mysteries, sir. Susan eric harris is back, too. Looks pretty good, too. Maverick will serve as the new Flight Instructor at the new top gun school, famously wearing his raybans as well. Iceman is back as well. Val kilmer will make an appearance. We know goose, of course, im sorry if im spoiling this for everybody, but goose, his son, miles teller, will be played by miles teller. But this was the best recruiting movie of all time probably for the air force. Ashley lauren simonetti, do you remember top gun . Lauren