Celebrate the birth. That is why were covering this event and believe me, were on top of this. President obama is going to bring us a financial story. This week, hes going to plug or more spending. The big speech coming wednesday, help for manufacturing, help for housing, help for students, all will on a Campaign Style address on a college campus. In a moment well show you the president promoting the success of his economic policies. Varney company is about to begin. Weve completely integrated every step of the process, making it sier to try filters and strategies. To get a list of equity options. Evaluate them with our p l calculator. And execute faster with our more intuitive trade ticket. Im greg stevens, and i helped create fidelis options platform. Its one more innovative reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. Whats at stake is whether this will be a country where working people can earn enough to raise a family, build a modest savings, own a home, secure their retirement, weve come a long way over the last four and a half years. Our economy is growing, our businesses have created 7. 2 million jobs over the past 40 months. Of course, weve still got a long way to go. Stuart all right. Now, that was the president , you heard it, that was the president s announcement via youtube over the weekend is the president pushing to polish his record on the economy has just begun and so has his push for more spending and dan pfeiffer blames all emails. And what he has to say is that the president thinks that washington has taken the eye off the ball, its not us, its them again. The president is kicking off a series of speeches on wednesday this week with an address to the nation from knox college in illinois. His pitch will include new efforts to expand manufacturing, sounds like more spending and investing and signing up the uninsured for health coverage, broadening for preschoolers and more spending and plans to revitalize the already comeback housing industry. So, while the president s aides are busy blaming everybody else in washington for the troubles the president is revisiting poles hes pushed for in the past and may be about to deliver another series of Campaign Style speeches. All right. If you want to take a look at the action on the market this morning, its all in gold. Thats where the action is. Gold is up 28 right now, firmly above 1300. Weve got a weaker dollar that often helps gold. Gold is up 6 this month now, however, its down 23 this calendar year. Then weve got detroit, yeah, gone bust and here come the demands for a bailout. Will president obama balk at that or agree with it . Well bring you downtown detroit, show exactly what its like with the pawn shop in downtown detroit. Were also, of course, watching your money. Several big names you know are making moves, amongst them are mcdonalds, down by the way, and netflix, apple, stay right there. Youre about to see the money and how the markets open monday. Peace of mind is important when youre running a successful business. So we provide it services you can rely on. With centurylink as your trusted it partner, youll experience reliable uptime for the network and services you depend on. Multilayered Security Solutions keep your information fe, and secure. And responsive dedicated support meets your needs, and eases your mind. Centurylink. Your link to whats next. Well, it may be upbeat music, but mcdonalds really disappointing Financial Results today. That stock is going to be down big, its a dow stock so its going to drag the index down as well. Seconds to the opening bell, here is tres knippa in chicago. And going to keep printing be and do you guys figure that in, do you care about japan at all . I care about japan because i have a fund that i manage that is short japanese government bonds which i think are one of the riskiest assets in the entire world and i think that the chance that the japanese are going to have a painful restructuring for a default, i think the chance of that happening is a virtual certainty. Lets put into perspective what hes doing. This is the same thing that japan has done for 20 years, hes been pushing the button of spend, spend, spend, fiscal stimulus, they think the guy will push the button harder, but they may so some gdp, but thats not an economic plan. Stuart thats why you care. Im not sure the rest of us do. Tres, thank you. And the dow is up 15, 550, i should say, a slight gain, but the Trading Volume really slow in the middle of july, in the middle of summer. Weve got disappointing profits and a rather luke warm sales picture at mcdonalds, so, nicole, tell me how far down is it . Well, its down 2 1 2 receipt n right now. And obviously, on the dow jones industrials, they talked about falling sales and thats the challenge for them Going Forward and also the competition that theyre facing, you know what, stuart . I just checked being mcdonalds, its up 13 1 2 . Burger king is better than mcdonalds . Chipotle, better than mcdonalds. How about jack in the box, better than mcdonalds and wendys better than mcdonalds, i dont understand. Its underperforming this year. Stuart okay, we understand that one, thanks, nicole. And we have apple kind of playing catchup here, theyre testing larger screens for iphones and ipads like samsung already has. Nicole, have you got apple for me . Nicole its up higher. 427. Stuart thats it. 427, thats stable pretty much. Goldman sachs, according to a New York Times investigation, theyve been manipulating aluminum. And charging a higher storage fee, nothing illegal. Unintended to consequence of dodd frank, and 5 billion, goldman barely budging on that news. To nicole, netflix, it reports after the bell. Its a tear recently. Its doing a whole lot of nothing. Is it waiting to see the numbers . And i have to say one other thing, stuart. I have to take one moment. Im so happy, maybe, just baby, will and kates baby would be born during your show. The first thing i saw that at 5 a. M. She went to the hospital. Stuart you know, they have Martha Mccallum over there for about ten days waiting, finally. And all right. President obama is going to call for more spending in the face of this rather slow economy and thats the call later on this week and theyre going to help the economy and lets ask david kotak. Looking at the wall street journal, Growth Outlook stuck in neutral. I mean, the Second Quarter of the year, april through june, theyre looking at a miserable performance. Do you think it would help if the president calls for more spending . He can call for all he wants, stuart, its not going to happen. The political construction in washington is not about the change, the republicans have control of the house of representatives. Theyre probably going to pick up a couple more seats in the next election and a couple more in the senate. Obama can make all the speeches he wants, its not going anywhere. Stuart is that the problem with this economy, Government Spending . Well, i dont think so. I think we are recovering slowly from a big shock. Weve had huge monetary stimulus. Its slowly working and weve taken Interest Rates way down and weve come through the gyration of fed speak and backed up the Mortgage Rates and slowed the housing sectorment its a slow recovery, we need to accept it. Accept it . We cant accept a new normal between 1 and 2 growth four years after the recession ended, surely . Well, but stuart, we are at 1 and 2 growth. We have a huge negative output gap. 20 Million People in the United States are underemployed or unemployed. Putting them back to work is a slow process, thats the nature of our system. We went through a financial crisis and a stiff cyclical down turn and were healing from it. You heal slowly when you have a big wound. We had a huge wound and thats the way it is. Stuart if we cut taxes to individuals and corporations, wouldnt that help . Yes, it would. We didnt do that, we raised taxes. What are we doing now . Well, because its not going to happen with dysfunctional washington. We raised the payroll tax on 135 million americans and asking them to pay more and raised the Interest Rates. And this is not a good way to run the railroad, its the with a way we do it, its a shame. Stuart we hear you, but a lot of us dont like the new normal, but i guess this is reality. David, come and see us again real soon. I know youve got a lot to say. Thanks so much. Thank you. Stuart i want everyone to look the a the price of oil. Up at 107 call that 08 a barrel and has implications for the price of gas in the future. We keep a close eye on gas in this program because were in the middle of the summer driving season and look at this. The National Average for regular is now, 3. 67. Weve got two states in the lower 48. California and connecticut, they are paying more than 4 a gallon. We did say this, the spike has arrived, not done yet. To detroit. Would even the most bullish of real estate bulls buy or recommend that you buy property in detroit right now . Theres a loaded question for you. Why dont we bring in tanya who knows the answers to the question. Would you recommend at any price any purchase of any home in detroit right now . No way. Stuart why not . Theyd be bargain hunting and get something free . What do you do with free when theres nothing to do with it. Stuart sit on it. Absolutely not. 78,000 properties sitting there vacant. They want to tear down at least 10,000 of the properties. When you look at property taxes, they are four to five times higher than property values. What do you do with that. 50 of that population is on government assistance. 44 of them have a record. And what do you do . Youve made your point. But i believe there are some pockets in detroit is a huge city, geographically very, very large at least two pockets of what we would call middle income, middle class housing. Yes. Stuart you know about this. Yes. Stuart youve got example of a house from one of those distr lets look at it. Sure, its in woodbridge, a gorgeous home one of the houses that he is abouten completely redone. Granite counter tops and wood floors. Going for 432,000. Four bedrooms, 2 1 2 baths. Its fabulous and you can with aing distance to the Entertainment District right near the ballpark, its great. Stuart 400,000. 432,000. Stuart you would say dont buy it. No, 432,000, you could buy four 100,000 houses that are going to bring you income in arizona and make money on it. Go rent in detroit if youre working there. If youre one of the lucky ones working there because most people arent. Stuart your point is that you can in the rely on basic services, you cannot rely on safety in detroit, therefore dont touch it with a ten foot pole . 40 of the street lights are out. What do you do for work. If youre on government assistance, is that who youre renting to . I wouldnt touch it. Stuart stay there, at 10 00, we have the existing home sales and thats the realty biggest numbers. You got it. Stuart check the big board. Middle of july, late july. No go market in the early going and the volume is extremely low. Coming up new at 10. Phil michelson wins the british open. Mariano rivera gets a standing ovation. Two iconic athletes over 40 years old. Highly respected and all around good role models. The question, for fox and friends host, brian keilmeade. Any nice guys next . Were still on royal baby watch, the duchess of cambridge still in labor and to some degree a money story and people around the world are betting on it. Girl or boy, what name . We go to london after the break. Ive been waiting for a girl like you to come into my life ive been waiting for a girl like you a love that will survive announcer scottrade knows our clients trade and invest their own way. With scottrades smart text, i can quickly understand my charts, and spend more time trading. Their quick trade bar lets my account follow me online so i can react in realtime. Plus, my local scottrade office is there to help. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer scottrade. Voted best Investment Services company. To fly home for the big family reunion. You must be garths father . Hello. Mother. Mother traveling is easy with the venture card because you can fly any airline anytime. Two words. 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I tell you, theyve got a deal with disney to make more super hero toys. The world is waiting for the newest addition to the royal family. Joins us from london is rory scott with the book maker patty power. Theres a delay in hearing what i have to say. Ill keep it short, sharp and to the point. And favorite girls name and odds, go. Favorite girls name, alexandra has been the consistent front runner 251, heavily backed into 74 ahead of victoria. Cut in recently, a lot of money there and ahead of charlotte, pippa middle name. Down to about 61 at the moment not long now. Stuart yeah, really. Favorite boys name and the odds thereon . Yeah, george, the regal george, 51. Been again been a connistent front runner ahead of 81 james, which is pippas and katherines brothers name. And then weve got henry, obviously, harrys name and again, thats late charge, hadnt been in the betting at all until the last weekend. Weve taken over 50,000 worth of bets in the last day alone, in the las few hours, a lot of money on harry, henry. Louie, albert. And 5001 hashtag and pay for the summer holiday. My favorite hoping to see henry the 9th. There are potential for bets down the road and bet on the babys first words, is that correct . Yeah, were taking bets on everything, were british, this is the royal family and royal baby, this is a double header for us, and betting babys first word. Who is going to hold the baby outside of the house. Which magazine will have the pictures. Jump forward whats the name of their first girlfriend or boyfriend. What nightclub will they first be seen leaving, a journalist, a book maker or represent team gb in the olympics . Outside the world of betting, i believe its a huge excuse for a huge party with an awful lot of drinking in britain, is that correct . Yeah, i can confirm that. Were on the roll. And murray won wimbledon and the royal bump is about to pop. The sun is shining, were all suffering from sun stroke and this is a great time to be british. Stuart okay. May i point out to our american viewers that, in the entirety, the ashes is something, is a cricket game between england and australia. And last one for you, rory. Im told that william hill, had a huge book making operation only took in about 150,000 in royal baby bets. That doesnt seem leak like a lot of money. Were a better book maker, paddy power. William hill had their day. Come to paddy power. You dealt well with the awful delay, better than anybody ive seen on television recently. Rory, thank you very much indeed. You know its a historic day, and yes, we will have a new prince or princess today. Almost certainly today. My take on the royal baby and the worlds fascination with it later today. I want to make things more secure. [ whirring ] [ dog barks ] i want to treat mo dogs. Our Business Needs more cases. [ male announcer ] where do you want to take your business . I need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, Small Business solutions from at t have the security you need to get you there. Call us. We can show you how at t solutions can help you do what you do. Even better. Oh, please Pay Attention to this. What is the best performing stock in the dow . Its microsoft. I was in tears last week when it fell out of bed. A modest bounce back higher. The microsoft would be higher if it were not for mcdonalds. And the existing home sales report. Here is the question, will higher Mortgage Rates cool off the housing sector . Well get the biggest and best read in housing in minutes. Were talking about detroit and less gold among those joining us. A detroit native pawn shop owner. How does business do in a pawn shop when detroit goes bankrupt and how does he feel about the shambles in his hometown. We will ask him. Because i have a british accent i am asked frequently what i think about the royal baby. Well, i guess its time i answered. So, here is my take. No matter how americanized an immigrant becomes, no matter how long you live in your adopted country, you still have strong feelings for the country of your birth and im no exception. man monarchy works in britain, it clearly didnt work here. But in that