From scranton. I think its unlikely he will be the candidate is not tandem. Look at the science, doesnt fit their agenda, thats what they care about this is a war against also fuel. We seen how that works and put your grade in jeopardy. The market we see a higher lead to the upside were going to have a lot of challenges, things have been looking like a soft landing. I expect the cpi read is going to come out higherth higherthanexpected. I think it is clear inflation is going to stay sticky and make salary over the next few months. Stuart alright everybody it is 11 00 oclock eastern time, lets get on with it wednesday august the ninth, there is a lot to cover. We will start with the markets a little bit more red ink, the nasdaq is down 137point big Inflation Numbers coming out tomorrow a lot of anxiety about that. Show me big tech i think theyre all down. Alphabet, microsoft, apple, amazon and meta, sometimes quite down sharply, the ten year treasury, where is that this morning, its moving down exactly at 4 , that is the market. Now this. Follow the money it tells a story. The republicans are sta followig the biden family money and a damning story to be told congressman james comer has the bank records of the Family Business associate. It is black and white, it spells it out, who gave what to millions of dollars into biden family Bank Accounts from foreign sources including china, romania, kazakhstan, russia, ukraine. More than 20 million in total and no one can say what work was done or services provided, shall companies were set up to hide the source of the money. You lena back to reno use the shell to send over three and a half million dollars. She is a billionaire living in the london and the wife of deceased mayor of moscow. ThenPresident Biden had dinner at the cafe milano and washington, d. C. Money flowed after the meetings. Biden dined, he sent hunter 142,000 which he spent on a sports car. Betty examples of this kind it is all spelled out in the bank records, that is hard evidence that the biden family is corrupt and the president has been telling the truth, one last point, the Investigator Committee since it is not yet subpoenaed the bank records of the biden family. Im going to call the omnibus. The third hour of varney starts right now. Martha maccallum joins us this morning and goes straight at it. What do you think of the new revelations the Bank Accounts. I dont think we would know any of this if republicans hadnt had a much slimmer than anyone anticipated when in the house. I think they are to be commended for doing a diligent job at putting together the data on the oversight committee. Were going to talk to pat fouling a little bit later. What was julian back to reno pain four. Three and half million dollars, what was she paying for, dissident lets use our leverage to deal with allies the not talking to friends in london are talking to ukraine, kazakhstan, china. They need to explain and how they got away with all this and how the department of justice was about to allow them off on this plea agreement without digging into the question of how they were doing all of this work overseas, clearly acting as foreign agents. Remember devon archer we thought it was pretty cool we are putting together private equity fund that was going to help smooth the wheels of regulation to get things done in america. Now we have the bank records hard evidence and black and white i think its a big deal, the latest polls out of New Hampshire that show ron desantis losing support. Chris christie gaining ground. We are seeing a lot of shakeups but trump is way out front. Absolutely talking to someone from New Hampshire and they said what do you think and i said i cant see any way around trump winning in New Hampshire. Then you get to the second tier which is the what if tier. What if something gives and shifts and changes in the dynamic as a result, its hard to see if that happens at this point, Stranger Things have happened to politics and thats why they watch. Theres no getting around the fact that the desantis liftoff has not happened and he did not have the entrance that shook anything up or changed anything in solidly in the segment. Stuart he changed his campaign manager. We see these kinds of changes whether or not it is deck chairs or real strategy change, he brought in james all polymer another florida insider who worked with the chief of staff, genaro pack is out even though they said they would stand by her a week or two ago. Not big changes in bringing someone in from the outside and has a look at things but that did with the comfortable with and pick somebody who thinks is going to help him take a different doctor and this is the choice that he made we saw the president sit down for an interview a oneonone interview, very rare but he did the interview with the Weather Channel i dont mean to be sarcastic is that his new basement strategy. You can put it that way. He is very careful to whom he speaks. He puts himself and a lot of rather safe situations for these interviews but time and time again we see him grasping for words, looking at cards and my mind goes back to the israeli president in the oval office which is a difficult moment to watch and hes going to have to get out there more than he did last time he could not hide under the cover of covid anywhere in the basement. It does not work well when hes out there generally. We will see what happens. Stuart he seems so isolated. At the control questions whether or not he ends up in the candidate ultimately. Stuart i say no he wont. Karl rove said the same thing. Watching history tells you something unexpected is coming and that is a hunch and got feeling. Something unexpected in the year 2023, are you kidding. We have a lot unexpected weve gotten used to it. Stuart market we will be watching you 3 00 p. M. On the story we would not miss that for the world. It to be with you. Stuart will also be watching you moderate the first Republican Debate alongside brett baier august 23 i believe is two weeks from today. A lot of work to do. Back to the market because we have marked temper with us agreed to stay for the full hour, our Credit Rating downgraded by fitch moodys check it out for the banks for the credit worthiness. Are we shrugging that off. Were down. 32 for the s p 500 i wouldve expected a much more kneejerk reaction these are serious things but investors seem to be taking the cavalier attitude towards things and its understandable. When banks are failing who wouldve thought that the right move at that point in time was not to go to cash and not to get defensive but instead to get aggressive. Who wouldve thought investors tend to have a shortterm memory. They remember even when things are falling apart you still want to stay in the market and i think theyre working through that right now. Stuart im looking at the market and its taking tomorrow investors are worried about what happens tomorrow with the Consumer Price index. If it is year on year again of 3. 2 that would be inflation up from the previous reading. The last room was 3. 0, the cleveland fed expected to commit to 3. 4 and the next months data they expect 4. 07. We are talking about every acceleration and inflation. We have inflation reaccelerating and we have good economic data. Those investors who are investing based on a fed rate cut in the future. It doesnt look like thats going to happen anytime soon. Stuart the market would not be happy at a 4 Consumer Price inflation. That verifies the fact that sticky inflation is here and persistent. Stay with me i want to take a look at apple to start with today. Apple is moving down below 180 again, 178 is the quote. Lauren not a good week for apple, reuters is reporting china will require all app providers to file business details. That could affect it would affect foreignbased developers that push there after the apple store, no, yet you have to show beijing documentation of your business dealings and secrets. That is a negative for apple, that is not good. You can compare this to what apple did with facebook maybe a year or two ago they took away the secret sauce and the ability to gather data and use Facebook Stock i dont remember exactly it dropped 50 . This can have a similar impact i doubt apple is going to drop 50 . Stuart 177 is a quote right now. Language learning at. Lauren quarterly revenue of 44 , they swung to a profit First Time Since going public in 2021 the stock is up 12 . The Second Quarter the strongest quarter in their history revenue rising 185 . Charging machines. There being pushed on as we are buying and selling residential charges, commercial charges, fast chargers, you name it. The stock is up why am i not surprised. Georgia could soon require children to get their parents permission to sign up for social media republicans want the new rule approved by next year. We have a report, washington, d. C. Dealing with a 20 spike in murders this year. One City Council Member says its time to call in the National Guard to get crime under control. Gold star families heart wrenching testimony on capitol hill. I live every single day knowing that these deaths were preventable. I want answers and the truth, to go to sleep knowing my son did not die in vain. Stuart my next guest lost his son and the botched afghan withdrawal. He blames the administration. That is next. You got this. Lets go. Gobble gobble. Ive seen bigger legs on a turkey rude. Who are you . Im an investor in a fund that helps advance innovative sports tech like this Smart Fitness mirror. Im also mr. Leg day. 1989 anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq100 innovations. I go through a lot of pants. Before investing carefully read and consider Fund Investment objectives, risks, charges, expenses and more in prospectus at invesco. Com. With a majority of my patience with sensitivity, i see irritated gums and weak enamel. Sensodyne sensitivity gum enamel relieves sensitivity, helps restore gum health, and rehardens enamel. Im a big advocate of recommending things that i know work. Hi, im ben, and ive lost 60 pounds on golo. I currently suffer from nerve damage which kept me bedridden for six months. I was very overweight and depressed. I was skeptical when i first ordered golo, but the condition i was in, i was willing to take the chance, and the chance turned out to be my lotto ticket. Golo gave me back my life, and thats why im here. announcer change your life at golo. Com. Thats golo. Com. Hi, im jason and ive lost 202 pounds on golo. So the first time i ever seen a golo advertisement, i said, yeah, whatever. Theres no way this works like this. And threw it to the side. A couple weeks later, i seen it again after getting not so pleasant news from my physician. I was 424 pounds, and my doctor was recommending weight loss surgery. To avoid the surgery, i had to make a change. So i decided to go with golo and its changed my life. When i first started golo and taking release, my cravings, they went away. And i was so surprised. You feel that your body is working and functioning the way it should be and you feel energized. Golo has improved my life in so many ways. Im able to stand and actually make dinner. Im able to clean my house. Im able to do just simple tasks that a lot of people call simple, but when youre extremely heavy theyre not so simple. Golo is real and when you take release and follow the plan, it works. Stuart a new report shows the bite of the administration continues to send money to the taliban after with our withdrawal from afghanistan. Come on in, how much have we given them. 2. 35 billion thats according to a new report from the special Inspector General another 1. 7 billion remains available for possible disbursement, the money thats been appropriated since the taliban takeover in 2021 has been funneled through non governmental organizations and other groups working on reconstruction projects. But its more than likely that a portion of the funds ended up in the hands of the taliban to do whatever they want. Another words were helping to fund the taliban but the Inspector General of afghanistan is accusing the Biden Administration of stonewalling his investigation and says that refusing to hand over documents that will help track the flow of cash. Unbelievable. Stuart absolutely unbelievable. Now this gold star families testified about the botched afghan withdrawal in the loss of family members. Here is some of their testimony. Lies, incomplete report, incorrect reports, total disrespect. I was lied to and told to shut up. When your child is murdering you feel like there is no justice and you question your very existence. The thing that upsets me most is he exploded the most precious thing that a child learns from his parents, trust. The. Stuart steve nikoui joined me now. The judgment on the righthand side of the screen. Nick nikoui lost his son. Im sorry steve nikoui lost his son and the cobble attacks. How are you treated . Thank you for having me. Nick nikoui was my dad so thats fine that you call me that. Stuart im sorry. We were treated pretty bad. There was no sympathy for our childrens loss, he would not say their names. We understand war is hell and things happen. But to completely disregard their service of what theyve done which was just so he could have his september 11 victory party. That hurt the most. That is how weve been treated. Our kids were used so he could have his photo walks, he could have his great victory and claim that he ended the war and it was a Great Success which it was not. Stuart what you want from the president now. We want the president to acknowledge that it was not a success. We want him to acknowledge the failures. We want him to rally the American People behind america and behind our president and behind our Armed Services that we made a mistake but working to move forward in working to address those issues. To say our kids names. Thats what i hear from the other parents. I asked them all the time and they say what you want and we are really upset that this man could not even say their names. In the first state of the union when he had a chance to rally the america people together and do something right from the botched withdrawal. I waited an hour and a half until he finally brought up afghanistan and he did not say any of our kids names and he invokes the name of his son and says the exponential threat to american soldiers is the burning of diesel fuel. That was probably the worst and the most hurtful thing ive ever had happened to me in my life. Stuart steve, im going to end it here. We thank you very much for coming onto the show this morning and telling us your personal experience. We all feel for you and feel very strongly for you and we pass along our best wishes to you and your family. Steve nikoui. Thank you, sir. Now this officials in washington, d. C. Sounding the alarm on the cry crisis in that city. Read jensen is with me, are they going to call it the National Guard . One d. C. Council member says hes reaching out to the National Guard about what it would take, tray on white says gun violence nikouis community into a war zone and the desperate times call for desperate masers. Ive spoken with the d. C. National guard and while ive had more conversations with the chief of police which i had today in the mayor and my colleagues we have a long way to get there. We just know police alone is not getting it done. The d. C. Deputy mayor told fox five in washington that the city request National Guard support when appropriate and within their mission and that the Mayors Office is focused on attracting more Police Officers to the metro police department. The d. C. National guard said is unaware of any request for assistance while Violent Crime is fallen in major cities across the northeast murders in washington, d. C. Were up 30 a year ago, a mother of a d. C. Manchin killed this weekend from leaders here. Somebody was outrageously shooting, bullet hit him straight in the chest. Im a little bit at peace knowing that he did not suffer but its so sad but he could quickly not have a chance to react to the bullets that were spraying in the neighborhood a dozen people were shot or stabbed and killed and several others injured. The National Guard on the streets of the nations capital. Rich jensen thank you very much indeed. We gotta get back to the market the nasdaq continuing to slide to the south. Lots of concern about tomorrows Inflation Numbers talk about the year on year inflation of consumer level is going to go up the wall street doesnt like that, the nasdaq is on whether the quarter in the s p is down two thirds of 1 how about we look at we work, its 13 cents a share, down 36 , a huge drop, the company says theres substantial doubt about his ability to stay in business. Are they going to stay in business . They have a challenging Business Model, i would assume not being in shared office spaces, probably not where you want to be. Ive got to tell you i was looking at the numbers this is a Company Valued at 47 billion in 2019. It was about to ipo in the evaluation came down to 10 billion in 2019 before zoom, work from home, this is prepandemic they already had their issues and eventually ipo at 9 billion and today is less than 300 million. Stuart the Business Model does not work when you have so much fake it office space all over the country. People can sublease that to others or theres really no stigma attached to somebody who is running a business, zooming from home and casual attire. There used to be a stigma same fake it to you make it, things like that where you had to look like