The president tries to bounce back with sinking approval numbers. He brings in the celebrities, gets a new pet and embarks on a speaking tour to friendly audiences. Good morning, everyone. The 1972 Miami Dolphins get their day in the sun at the white house today and the president brings in sonny, a new dog, very appealing and visits colleges where he knows hell get a fogood reception. Youll see positive messages as the president tries to counter a slumping approval, looming obamacare and a weakening economy. Weve got no trend for consumer spending. Some stores are hurting and others the bottom line, you are not spending like you used to. For investors, will the dow drop below 15,000 . Its getting very close and so are we. Varney company is about to begin. [ male announcer ] these days, a Small Business can save by sharing. Like carpools. Polly wants to know if we can pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seating. 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To egypt, and Patrick Leahy saying the Obama Administration has temporarily halted all u. S. Aid going to egypt. Some in the arab world going the other way, pledging 12 billion in aid to egypts new government. Here is what the Saudi Foreign minister is saying today. To those who have announced they are cutting their aid to egypt or threatening to do so, that, we say, that are arab and muslim nations are rich and will not hesitate to help egypt. Look at the price of oil. The market apparently believes the military is winning, suez canal stays open, down to 105 on oil. And an outspoke Muslim American is with us this morning. And a possible 14 k handle on the dow . Weve got a couple of big name Retail Stocks going up this morning. Youre going to see it happen live. Gee, its great to be back. Right now, 7 years of music is being streamed. A quarter million tweeters are tweeting. And 900 Million Dollars are changing hands online. Thats why hp built a new kind of server. 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Are you spending . Another theme is, is the dow going to test that 15,000 level . Sure looks like it. Were a minute from the opening bell and lets bring from chicago, larry levet. All right, were close to the 15,000 level on the dow. I say, one single word from the fed would turn this thing right around and away we go back to the races. What do you say . I couldnt agree with you more. In fact, i think if we get below 15,000, ben bernanke will hold one of the secret meetings and get the fed governors to come out and say theres no tapering in the future and Economic Situation is not improving as much as we need and were going to continue to buy like every single month. No question thats going to happen. Stuart thanks, larry. Lets see if its going to bounce up. It was right around 15,010. Were bouncing around. 15,012. Maybe well see a 14 k handle later in the day. Not sure. At this moment its 15026 as we begin. Individual stocks, home depot, yes, its a dow stock. A bounce back in housing giving profits there a big boost. A few bright spots in retail that weve seen recently. Home depots rally today could hold the dow above the 15,000 level. Its working in its favor now up over 2 on that stock at the moment. Look at j. C. Penney, a different story. A bigger loss than expected, sales keep sliding. Remember, the big shareholder bill ackman resigned, but the market likes it. Up 8 even though the loss was bigger than expected. Maybe a new start for penny. Up goes the stock. To apple, the tech world buzzing about the new iphones shipping next month so right from the top, lauren, where is the stock . Welcome back, stuart, the stock is up for the Third Session in a row. Up 1 2 a percent. 510 and holding above 500. Stuart, if you like your colors, not only are we going to get the new iphone 5 s and the iphone 5 c. Which means color, but were hearing that the 5 s might come in white, black and are you ready for this . Gold. Stuart is that supposed to make a difference to the stock, the color . Well, it could help apple in china. Gold means good luck. Thats, you know, china is not apples best market, but perhaps it could be its biggest, right . Maybe if they put the number 8, a lucky number in china. There you go. Stuart put the number 8 on it and maybe sell well. Lauren, well get back to you quickly. Never mind the dow breaking 14,000 today or any day. And varney companys shah gilani says hey, watch out, it could be 13,000. Guess what hes here in new york with us. Do you think, is this a probability, a possibility . What is it . Its certainly a possibility. Probable, im not quite sure, im still the reluctant bull and playing the market from the long side and putting on shorter positions to make defensive posture. You obviously think the market overall is going to go down a little bit. Make your case why . Its gone down a little, but it doesnt volunteer and i dont think we see any that certainly goes down. My next level is 14,444. If we break that, i was looking at 13,700 and change, if we break that, looking at a blink of an eye. Stuart the possibility . The possibility its an outl outlier. And if the fed says a single word maybe were not cutting on the printing, then its a whole new ball game. I dont think theyre going to do that. They raised this flag to begin with when they talked about tapering a while ago. Lets float the flag and see how the markets react. They didnt like it, walked it back and i didnt expect them to do and now its going along swimmingly. Were going down 4, 5 , if we break down then well hear from them for sure. I want you to give me at least two stocks na you think will hold up and maybe do very well in the event of a market fall below 14 k down to 13 or 12. What have you got . This that event, i like gold and theres a company, finding gold limited. Its a terrific company, they have two mines in south africa and about 700 Million Dollar capitalization and i play this from the takeover side. I think that the chinese are very well and deeply involved in africa. And theyre buying mines and minors and i think this is a central target so at this price level, i like it. Its not a gold play, its a takeover play from china, thats what your re banking on. Give me one more. I like fox, 21st century fox, the new fox, the old fox was old News Corporation is now new News Corporation and of course, that was the properties, these publishing, the newspapers, and education was put into the old company and the old name is now 21st century fox and that has the content stuff which is essentially your Global Properties in terms of tv and film production. As of full disclosure, obviously the Fox Business Network is a unit of the fox operation. Do you own fox 21st century, the stock. No, i dont, but my subscribers do and we have a little bit of a gain in it and on a relative basis, better and cheaper, in terms of the p. E. 31. And disney had the pd. And 12 1 2. Relative value basis, its a much better deal. Overall, big picture. Youre a little negative. You dont see a big rally. Im nervous. Lets leave it at that. Thank you very much, shaw gilani, thank you for joining us. Back to lauren, i have another retailer thats bucking the trend. Thats Urban Outfitters. Tell me the stock, please. Number two, as we speak, stuart, the stock is up nearly 9 . Urban outfitters own anthropology. Do your daughters shop there. Stuart tell me more about Urban Outfitters, im not familiar. Urban outfitters and anthropology, what theyve done as an entire company, what a lot of retailers wish to do. Theyve offered fewer discounts and they still kept those shoppers coming in the door. So, urban typically is more for the teen retailer, they do well compared to Abercrombie Fitch and arizonieropostalaeropostale competitors and appeal to the teens and mature shoppers. Theyre in my ear saying that Urban Outfitters is upscale, more expensive. An upscale teen place, yeah, yeah. Tell me about best buy, please, i know its done well and that stock is up. This is the number one performer in the s p 500 right now. The stock is up 9 , 3371. This was a dog last year, right . The new ceo comes in and says, we have two big problems, declining samestore sales and declining margins. And both of those are slowly getting fixed and investors liking this today. Profits and revenue in the previous quarter, both beat the expectations and online sales rose 10 . And thats important. We often thought that it was a showroom for amazon. Youd walk in and see something you like, and buy something from amazon not from where you were. So, thats changed a little bit, right . Yeah, its definitely changed a little bit. If you look in the quarter, samestore sales are down, however, best buy said if you take out the store models expected from windows, samsung, et cetera. And they were positive samestore sales so things are certainly looking better. Stuart lauren, thank you very much indeed. Back to you shortly. Okay. The dow is around 15,005. Right on the cusp of 15k. Got to tell you about arod, i have to. The saga continues to unfold. The yankees need him to win, oh, yes, they do. But now, hes suing his own team doctor. Yeah, the bronx zoo is back. So is brian kilmeade, by the way, hes going to joining us in the next hour on the arod saga. Shah gilani, cant get rid of this guy. He doesnt like the humidity in the summer so he gets it up here. What else do you have for us. Why are you so nervous . I dont think you can trust the stock market in august. Everybody goes away, volume and trading is extremely thin. It reacts to the slightest little statement from somebody or other. And you cant trust this market now. The volume has been thin. So, thats one that weve been not overly concerned about, a little debt if you will. What does concern me, when we see big moves, we see huge intraday moves, 100 points swings intraday. That tells me there arent a lot of bidders out there, not a lot of sellers, not enough liquidity on either side. Worries me in terms of a big selloff. Whoever is out there bidding gingerly, the markets could easily fall through support levels quick and thats what nervousness means because the structure of the market now based on what has become in terms of High Frequency trading and traders that should be there and arent. There are black holes outs there and one day well step into one. Stuart are we spending as we used to as a country. No, i think the consumer is deleveraging there. I dont think that the credit is there. Banks arent overly generous with the credit and theyre trying. The demand isnt there which is the other side of the equation and i dont think that theyre done. This is the fourth year of disappointment. We were supposed to get robust good recovery, its just not happening, is it . Its very discouraging. It is. Shah gilani, thank you very much. Are you staying in new york for a while or a little while. Youll be back. Thank you very much. Thank you. Check the big board right at 50,000, 15,000 to be precise. 15,002. We will he make a big deal of it if we see 14k. Something serious, more than 900 killed in egypt in seven days, including 100 policemen. Security authorities arresting the Muslim Brotherhood supreme leader. What is americas interest in egypt . Do we have a side that we want to win . And when can we expect scenes like this to stop . Well deal with this next. announcer at scottrade, our clients trade and invest exactly how they want. 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Well, for one brief moment the dow dropped below 15,000 and were close now. Down 8 at 15002. And there we go. 1 14,999. And looking for game stop, we had it on death watch and we should really quit doing this. As soon as we put something on death watch it goes straight up. Oppenheimer raised its target price to 60 and it has an outperform rating on the stock and that thing is at 47. 96. The parent of tv max and marshals reported higher profits and raised outlook and its up tv max, 52. Close it a thousand people dead in egypt this week. 4,000 injured. The u. S. And europe are considering cutting aid. Saudi arabia is going the other way, stepping in with a 12 billion dollar package from other gulf states as well. The author is here, dr. Janzen come back, good to see you. Thank you, stuart, always great to be with you. Here is my interpretation of whats going on, the military is winning the brotherhood is losing and americas interests, in my opinion, is that the military should win and really beat the Muslim Brotherhood. What do you say . I agree with you currently with that narrative. Thats exactly whats playing out, but remember what america is, were the adults of democracy in the world and revolution 1. 0 for egypt was about marginalizing mubarak and the National Democratic party and the ought congratulatic history of 60 plus years of military rule. Certainly what one year of brotherhood did that 60 years couldnt do is bring the People United against the brotherhood and now theyre trying to destroy churches and devolve them into civil war. And we have to have a vision of where we want egypt to go towards real democracy. We cant completely side with the military. Unfortunately, stuart, the narrative that the white house has given the world is that we were silent against the brotherhood and now critical of the military. So, unfortunately, makes it seem like americas pro brotherhood, but when in fact we want to navigate them towards the transition of civilian controlled military, transition towards real democraty, rather than more autocratic groups. Stuart nowhere to my knowledge in the muslim world, nowhere is anything that i would consider close to a democracy. Well, there really isnt, but they havent had the environment in which they could have these debates. Look, one year. Stuart doctor, doctor, im going to hold you off for just a second. I do apologize for interrupting, but a lot of people are saying, that islam is incompatible with what you and i think of as a democracy. Theres no doubt that this is the elephant in the room for muslims around the world and we came to america because this is where we could reform the ideas to bring them in compatibility. Islam is young religion, 1400 plus years and its going through the process of modernization and it wont happen overnight and we asked if you continue to push the issues, but the white house wont take a side in the house of islam and g