The pundits are questioning whether he has the stamina and the focus to go the distance. If he doesnt, the democrats are left with two way out there, far left frontrunners. Just wait until you hear the details on Bernie Sanders 16 trillion climate plan. Stocks, they are going up again this morning. The Chinese Foreign ministry, cool to the president s statements on china trade, and we have been in and out of that inversion of the yield curve all morning. It doesnt seem to have been a big negative. The dows going to be up about 80 odd points, 10 for s p, 43, 40 odd points for the nasdaq. Thats about a half percentage point. All right, everyone. Stay there, please. We are going to show you the latest biden gaffe and a closer look at the poll thats really set him back. Varney company is about to begin. I just spoke at dartmouth on health care at the medical school or i guess it wasnt actually on the campus but the people from the medical school were i want to be clear, im not going nuts. Im not sure whether its the medical school or where the hell i spoke but it was on the campus. Stuart okay. That was mr. Biden on the campaign trail. Now look, the latest Monmouth University poll, that has sanders and warren even and biden is now trailing. Okay, by just a point, but he is trailing. His lead is gone. Kevin sheridan is with us, a political watcher. How do you think President Trump you are associated with President Trump how do you think he feels about going up against two socialists because if we discount joe biden, you got two socialists to run against. What do you say . Well, if you look at the monmouth poll and they are pretty good outfit, this is one poll only, but i do think that the structure of the race in the democratic primary remains that a huge chunk, 40 to 50 of the Democratic Party electorate, is in the socialist wing of the party right now, and thats where all the energy is. Stuart hold on. Hold on, kevin. If you go up against warren or Bernie Sanders, im losing my mind here, losing my memory, if you go up against those two, they are going to be offering free stuff, free this, free that, whether its medical care, whether its college or even just money. Free stuff. How do you fight that . Well, i think the Trump Campaign is pretty well set up to do that. Look, 35 trillion is a baseline for the Democratic Party right now in the free stuff that they are promising. Look, the numbers on socialism have changed a bit among the millenial generation. They view it a little bit more, you know, positively than i would have ever thought was possible but this is one of those things each generation has to kind of stuart what do you say . What do you say . Suppose im a young voter. Im an old voter. Supposing i was a young guy. Here they are offering we will get rid of your college debt, we will let your kids go to college for free, free health care, you got it, son, here it comes, how about a house . You can have that, too. Specifically how do you fight that . Well, you dont get to 3 unemployment and you dont get a booming economy with those policies. We can just rewind the tape to the obama years when that was not happening, when, you know, unemployment was double what it is now, when, you know, we did not have a booming economy whatsoever. Gdp was way down from where it is now. I think you can say look, all that was done just by taking off regulations, lowering taxes for the Corporate Tax rate and making some simple economic fixes. Thats the way you always get a booming economy. And you know, its not easy to go against free stuff. Youre right. People see that they are going to get Free College Tuition or free house or free car, whatever it is, i stuart ill vote for you. I think youre going to take a more direct approach. Socialism is evil and it is a fraud, because youre not getting anything for free at all. I think you should just go confront it. We have real world examples in venezuela right now. Stuart thats an extreme. I think you should go to europe and look whats happening in europe. Its a museum. Thats what happens with socialism. Kevin, im sorry, im out of time. Im getting all fired up here. Kevin, thanks for joining us. See you later. Lets get to the j j, the Johnson Johnson story, because this is important. The stock is up despite the fact that j j has been ordered to pay 572 million in a landmark opioid case. Dr. Marc siegel is with us this morning. Not for the legal side of things, for the medical side of things. Why is prescribing painkillers now regarded as a Public Health hazard or public nuisance . Whats going on . Because of the enormous harm thats done. Even i am going outside the box of what i usually say here. I usually only blame physicians because they have the pen, because they, we, are the ones who decide what we prescribe. In this situation, there was a culture of misinformation that was spread everywhere, to the doctor, to the patient, and it involved pharmacies, it involved physicians for sure, and it involved drug manufacturers who deliberately, deliberately, and theres a lot of records of this, had attempts to sway doctors to prescribe things that ultimately led to harm. Thats the public nuisance part. What harm . People that were addicts, 72,000 Overdose Deaths this year from prescription drugs. People in the hospital, people with untoward medical complications. What is pain . Pain is not necessarily something you throw an opioid at. Pain is something you figure out whats the cause of this pain. Is it a muscular problem, is it a bone problem. Give the proper specialist to figure out what the cause is and you might not need the opioid. Stuart there are thousands of people in this country who have had their pain relieved by opioids and who are not now addicts. What do they do . Are they no longer going to have access to opioids . No, because opioids are still in the market. You made a huge point here. Were not saying theres no use for them whatsoever. Were saying how long are you prescribing this for. If its for a fracture, is it for a day or a year . How many pills you giving that patient after a wisdom tooth is removed . Thats got to be looked at. So doctors have down on too here, not just j j. Doctors are being sent to prison for prescribing 60,000 pills in a year. Thats where they belong. I mean, j j is being held accountable and whats really precedentsetting here is that a verdict was delivered. Now, they will go and appeal and play games and they will get their lawyers involved but a verdict was delivered here and thats very very important. The reason their stock is up, by the way, is because investors thought it was going to be 17 billion and it ended up being much less than that. But the state had a pretty strong case. The Mental Health commissioner was crying on the stand about how much damage has been done to the public. Stuart that makes a very good witness in favor of the prosecution, now, doesnt it. Where the medical guy cries on the stand, you have yourself a jury thats going to go that way. But she meant it. Because a lot of harm has been done. Now, the other point i want to make, the money here is supposed to go to programs, you know states always play around. I dont want to see this money going to some bridge or to someones pocket. I want it to go to programs to prevent opioid addiction and treat addicts. Stuart the wall street journal reports this morning that some of the money, a large chunk of the money, goes to the prosecutors school where they will set up a center for addiction. I think its great. Stuart university of oklahoma. Great. Stuart really . Yes. Stuart doesnt go to the addicts who have been affected. It goes to a university to study addiction. Ut okay, i would rather it go directly to the addicts. Fair point. But at least studying addiction may lead to some alternative treatments. It may lead to methods including medically assisted therapy to get people off of these opioids. Im not against it. Much better that it goes there than it goes to some place that has nothing to do with the problem. But we need the money to go to addicts. You are absolutely right about that. It should go to addicts, should go to Rehab Centers and to prevention. Stuart doc siegel, thank you for joining us. Unusual for you getting the a block of the 9 00 hour but it was worth it today. Really great to see you charged up. This is a very very very important verdict. Stuart yes, it is. It is indeed. Thank you very much, sir. Lets get back to your money. We have a look at Interest Rates. The yield on the tenyear treasury is 1. 51 . I hereby predict that 30year mortgages are going to drop like a stone. I think they will come way down below 3. 5 . If you are thinking of refinancing, maybe you should wait awhile because you are going to get a much better rate in a couple of weeks. Thats just the way i think about it. What are you laughing at . Ashley nothing. Nothing. Stuart dont believe you. The price of gold this morning, where is it . Its been doing reasonably well recently. Had a nice run. Up again today, 1,539 per ounce. Price of oil, 54 per barrel. Not much movement. But look at gas. We are down again. The average for nationwide for regular, 2. 58. I think that thing is going down some more as well. Next, new numbers on home prices. Just breaking, up or down . Ashley well, theyre up 3. 1 year over year but the house price gain is slowing down, if that makes sense. The home prices are not going up as fast as they were. They were up 3. 3 last month, i should say in may, this is for june, by the way, so things are slowing down. However, those low Mortgage Rates will, by all accounts, push those prices back up. 30year mortgage now is 1 less than it was a year ago. That will help push home prices back up. The three cities making the biggest gains, phoenix, up 5. 8 , las vegas up 5 , tampa almost up 5 . Stuart tampa. Who would have thought tampa. Ashley no taxesme. And beautiful oceans. Stuart still on your money, how do we open this market this morning . It is tuesday all day. We are up about 100 points at the opening bell. Up 50 on the nasdaq. Now take a look at uber and lyft ride sharing services. Theres a new report that says these companies are taking more money from their drivers than they say they are. Thats good for the stock for some reason. Uber is up, lyfts up. Now this. A 26yearold woman from illinois trying to become the youngest member of congress. Shes a republican. She bills herself as the antiaoc. Shes on the show. And the Mainstream Media going after President Trumps performance at the g7. The Washington Post says he put on quote, a stunning display of incoherance. This is varney. About my pare. Dont worry. Voya helps them to and through retirement. Dealing with todays expenses. While helping plan, invest and protect for the future. So theyll be okay . I think theyll be fine. Voya. Helping you to and through retirement. You wouldnt accept from any one else. Why accept it from your allergy pills . Flonase relieves your worst symptoms including nasal congestion, which most pills dont. Flonase helps block 6 key inflammatory substances. Most pills only block one. Flonase. Stuart the media had a field day. It was a very negative field day with President Trump at the g7. First the headline in the Washington Post, here it is, trump gives a stunning display of incoherance at the g7. Then weve got the New York Times. Its a very long sentence. I will try to read it. The pity of the entire group of 7 show was that it was part of a new normal in which the worlds major liberal democracies basically accept that they are out of sync with the president of the nation that should be leading their efforts to manage the world and its resources widely and responsibly but isnt. I got it all out. Joining us, walid phares, Fox News National security analyst. I see it completely differently. I think the president did okay. I think he led. What say you . Look, the Washington Post and New York Times represent the point of view of the opposition. They criticize the president whatever he does and they are going to describe the g7 as a very integrated, unified group that represents the world and President Trump is in the other valley. That is not reality. What has happened is the g7 now is basically addressing multiple issues, on multiple tracks. We have seen our president dealing with the Prime Minister of japan, with other leaders, in coordination with the uk. Of course, there were other countries present such as egypt, african leaders, so its not that the whole world is unifyie. Its basically a different cobweb of interests that was at play. Stuart there seemed to be a particular difference on the issue of climate. I do think that most g7 the g7 are united in their desire to do something about climate but our president didnt even attend a climate meeting. He sent his aides instead. I think they are ignoring what i think is the clear success with trade. We got a trade deal with japan. We are talking about a trade deal with the brits. We are probably going to talk lessening the trade tariffs on cars with the germans. I see progress there. I see American Leadership there. Look, the essence of trade negotiations is trading, is negotiating. Thats how you build it. So our president was dealing with multiple issues and you just mentioned japan, great britain, other countries. There is also another aspect, counterterrorism. All of them, the seven were completely unified on that position. I would say even on environment crisis, there was a sort of urgency that we need to do something, but we need to discuss whats the authority of national governments. We are talking about the amazon, brazil, so on and so forth. Thats the reality of it. It was a forum of negotiations. Thats the design. You dont ask bureaucrats to tell you what to say, what to do and prepare it and then the leaders have nothing to say. Stuart precisely. Walid, welcome to the show. Great to have you with us. See you again real soon. Thank you very much, sir. This is a related subject here, related news story. Brazil has rejected that 20 million donation from g7 to fight the fires in the amazon. All right, ash, why did they turn it down . Ashley because they dont like the sentiment behind it. They say brazil is a Democratic Free nation that has never had colonial ichliist or imperialis practices which is the objective of the frenchman macron. The war of words between macron and balsonaro has been getting uglier. The brazilians making fun of macrons wife. Now they say they wont accept any money or consider it until mr. Macron apologizes to brazil for treating brazil like a colony. Stuart meanwhile, balsonaro is privatizing everything. There was so much corruption in enterprises, he sees it, cant have it, hes privatizing. Totally different from most europeans. Take a look at futures. We have gained a little ground in the last few minutes. Now we are going to be up about 110, 111 points for the dow. Big gain yesterday. We were up 269. Got that. Then theres taylor swift. She took a shot at the white house during the video music awards, otherwise known as the vmas. She wasnt the only artist who got political. You will hear it all after this. When i lost my sight, my biggest fear was losing my independence. Mmm. Good. So ive spent my life developing technology to help the visually impaired. We are so good. We built a guide that uses ibm watson. To help the blind. It is already working in cities like tokyo. My dream is to help millions more people like me. Theres a company thats talked than me jd power. People 448,134 to be exact. They answered 410 questions in 8 categories about vehicle quality. And when they were done, chevy earned more j. D. Power quality awards across cars, trucks and suvs than any other brand over the last four years. So on behalf of chevrolet, i want to say thank you, real people. Youre welcome. Were gonna need a bigger room. All right brad, once again i have revolutionized the songwriting process. Oh, here we go. I know i cant play an instrument, but this. This is my forte. Obviously, for Auto Insurance, weve got the wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Yeah, actually. To the wait did frowe just winners. Prouders everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy a new samsung note. Click, call or visit a store today. Stuart we showed you whats happening on the market again because its going up even though the yield curve is sharply inverted. Okay, the yield on the tenyear, 1. 51 . Yield on the twoyear, 1. 55 . Yet with the yield curve inversion like that, the market continues to go up. Go figure, please. Let me move on. Because i cant figure it out. Mtvs the video music awards, not just about music, of course they werent. Politics intruded. Lauren simonetti is here to tell us what happened. Lauren well, it was all about equal rights last night. Heres taylor swift. Voting for the video means that you want a world where were all treated equally under the law. Regardless of who we love, regardless of how we identify. Everyone who signed that petition, it now has half a million signatures which is five times the amount that it would need to warrant a response from the white house. Lauren that was in her im sorry, it stuart we are all treated equally under the law. Lauren it was her acceptance speech for her video that won video of the year, you need to calm down. In that was a link to change. Orgs petition to get enough people to tell the senate to take up the housepassed equality act that gives e