Deserves a raise. The polls suggest look have that will not work. The republicans look very likely to take control of the senate. Today what does that mean for you and your money . Varney and company is about to begin. All right, welcome back, good to see you. Lets get to the big story with special report host bret baier joins us from washington d. C. Is my premise correct . Is the president pivoting to the economy as his best issue . He has pivoted to the economy numerous times over the past couple years and he desperately wants to turn the page on what has been a tough couple of weeks, months on the Foreign Policy front and also frankly domestically, has not seen his poll numbers hold up. That is particularly troubling for a lot of senate races, Democratic Senators trying to hold onto their seats and red bean states so he is doing that and that speech monday in milwaukee in front of labor groups was aimed to do just that. It is interesting a couple things, labor has had some push back with this administration, one on the keystone pipeline, the fact that it has not moved forward. Labor didnt like that. Obamacare, there has been some push back elements of obamacare because labor wanted to waiver to hold on to their specific plans instead of being in the obamacare exchanges. And the attractiveness of this minimum wage call is kind of a clarion call for democrats across the country, whether it really changes the dynamic in these races is yet to be seen. Stuart i am going to pass judgment and say it is a risky strategy because the economy is not performing that well, certainly not for Middle America so the president says we are doing just fine while Middle America shrinks. Theres a greater risk involved in that. He has been pushed into a corner. Difficult to campaign on Foreign Policy which is a series of crises, difficult to campaign on obama care which is not a major success by any means, the man is in a corner. Not many places he can go. Every election comes down to the wallet. How you feel about how you are doing and what that means to you and your family, that is where they are going to focus. The problem is nothing is getting across the finish line. Republicans say no to everything is not really true in that there are a number of things that could get across the finish line if democrats came to the table on the senate side controlled obviously by the democratic majority. The president would need to pick up the phone and say lets pass Corporate Tax reform. There are votes to get that done but it is not happening so instead it is this push back and division to try to whip up the democratic base. When did that work and not is to be seen. The president is good at campaigning but hasnt been good about getting big things across the finish line except obamacare. Stuart today he flies off to estonia and then goes on to whales for a summit. He is going over is there, doing Foreign Policy over there but at the same time right here we have headlines made by this push for higher minimum wage with these sit ins expected across the country. Maybe the president wants to keep the focus on the economy at home with these demonstrations higher minimum wage and not necessarily forget what he is doing overseas but put that on the back burner. They are going to play off of this. The economy is doing better but people at home are doing worse. Hourly wages decrease and have been decreasing while corporate profits in the Second Quarter are up 8 . This disparity between the two is going to be live territory for democrats to tap into . The big question is the economy overall. As you talk about many times, the tide rising and lifting all boats and so far that hasnt happened. Stuart just give me growth, that is what i want, give me growth. Would you hold on for a second . Want to deal with the markets and get back to you in a second. Look at what the market is doing this Tuesday Morning back from a long Holiday Weekend kicking off the campaign season, back to school, back to the markets, back to some action, update points, same store with the s p 500, it touch 2,006 earlier. 2005 right now. Not a bad game of the the past couple weeks. Would continue treasury yields moving back up significantly to 2. 40 , not a highyield. Look at apple, they touch 103 a share earlier, that is where it is right now. The i phone 6 comes out week from today, supposed to have a builtin payment system, they got to deal with visa, mastercard, that is a big deal. Stocks up. Chinas anticorruption drive makes a lot of money out of gambling in macao, gaming revenue down 6 in august, unheard of. With heavy bets, mgm, wind, all of them down 2 percentage points. Wall street journal headline, gop eyes agenda for senate. The journal says it will win the senate. Is that good news for investors. Absolutely. There has been unrelenting war against business. You just ticketing with this minimumwage thing. That is a farce. Think about this for a minute. The irony about bragging how strong the economy is and how demanding higher minimum wage is, think of the irony in and of itself. We have two separate things, you heard of a jobless recovery, remember the term the jobless recovery. I am calling this the income list recovery. 8. 1 million loss, paying 23 less. Since march households going into the field position. I dont know what is spooking the america but the savings rate has gone through the roof and spending has gone down. Look at gdp, the numbers were remarkable. Businesses are putting money to work. They are putting money to work and you have two different americas year. Stuart if the republicans sweep the senate does the stock market got . Charles absolutely. Stuart bret baier, thanks for hanging out with this. Take your take on wall street journal headline. Gop eyes agenda for the senate. If i was a republican politician i would not be happy about jumping the gun, making a forecast of victories two months in advance. You, too . Dont want to get overconfident. There is a sense, every pollster, every pundit, every analyst looks at the numbers in all these different races, the New York Times has gained 65 chance, others have 75 chance that the republicans take control of the u. S. Senate. It looks good right now and as we know what can happen from september 2nd through november 4th, but if you were forced to put a bet, putting it on the republicans taking control is probably better than it was a couple months ago. Stuart bret baier, thanks for joining us today. We do appreciate it. Tesla got a look at that today, hitting a new high. I will ask Nicole Petallides, there are reports that california has walked away, talks with california about getting the factory in california have not collapse. Tesla wanted a big tax break, might not get it, they walked away. What is going on here. We talked about the battery factory aspect for tesla and that is a story that will be ongoing. Didnt sound like good news. The good news is the coproduction, less so about the battery itself. We have the analysts at steve and nicholas upgrading the company. They went to the factory in california, the rate of change is staggering compared to the last tour in 2015. Another analyst said recently as well we should go into the factory, seeing what is going none. They are producing and impressing wall street and so with that, they think it will be a winner. That is why. Next year we have the electric cross over, the model x, Morgan Stanley recently said the model x will make a models which is the one we talk about look like chopped liver so not even worrying about the fact that as late as a one hit wonder and in 2017 the model 3 which will be affordable. And the last thing i am going to tell you, going back to the warranty. Eight years in order to quell concerns about that. Stuart along list of good things for tesla. The stock is up 4 . Look at this please. Avalanche new headquarters under construction in california. The video was taken on a go pro camera attached to a drone. It is a 175 acre site, it has been nicknamed the space ship because of its circular shape. Huge compared to the homes wn ar rdiuartll look like. This is the last major project steve jobs had his hand in before his passing. Charles, i understand he said build this. Charles an amazing thing, 12,000 people will work in that space ship, of course eco friendly. It is amazing, to your point last priority legacy, and i dont sing it will not be improved, this is an exclamation point for his visionary thinking. Stuart they are extraordinary buzz creating company. What we have is a deal with mastercard, visa, american express, swiping your card on these things. Charles steve jobs was a master at mitigating the excitement, setting us up, tim cook has got to carry on. When you get on that stage you got us with the buzz, the little extra we werent waiting for. Stuart and now this. The stock, apple stock at 103 and rising this morning, that will put it at a new high. 103. 62 as of right now, pretty handsome looking chart. Vice President Joe Biden told a labor day crowd it is time for the middleclass to take back america. Uncle joe launching minimumwage hike week. We are about to launch art laughter on that. Stuart back to school, back to political campaigning, back to little stock trading. We are dead flat. Price of gold, that is down. Movement there, 22 an ounce. We are down 1. 74, 82 , 94 a barrel. Look at this video, two big names, under robert, to be part of its new winning campaign. Look at the price, the share price of under are recommending spending on this, market likes of 3 . Time is money. Heres what else we have got view. Kevin durant dumping he said no to an under armor offer and yes to deal with nike. Durant agreed to of hundred Million Dollar contract with nike. Charles is a lot different from 300 billion to nike. Stuart we got reports that ali baba, we got the chinese amazon, they will launch the idea next week. Could be the biggest ipo ever raising may be 20 billion. Germany says 9 to uber, imposing a nationwide ban on the car service saying drivers face fines of 300,000 per trip because the drivers are not properly documented. Joe biden is back on the fair share of the band wagon. It has always done best when we have acted as one american because when we do, the nations succeeds. Stuart okay. Speaking of fair share, a fastfood workers planning to protest thursday for higher minimum wage and unionization come on in former reagan economic adviser art laughter. We were tossed cussing earlier on the show what would happen to the market and the economy if the republicans week the senate. I think they will sweep the senate but i think this economy is going to expand and the stock market is going to go up. You cannot suppress the great engine of capitalism, american capitalism. You can suppress it forever and a boom is coming with the the republicans sweep or not. That is my opinion and you say . I think you are right but let me say how balance your show is. In the last segment you had Charles Payne and now laughter in you and a blend of there before. You are completely correct. We are in for a big boom, republicans will take the senate. It will be spectacular, joe biden and president obama are on the wrong track, this minimum wage stuff if they really believe that, this minimum wage, why dont they set up a Government Program to subsidize the difference between the current minimum wage and whatever price they think and see if it passes the senate and the house. That is what they should do but what they are asking, they are asking employers to pay lowwage workers more. The lowwage workers would get more, the employers will get less. And bernard got of business and fire these projectors and workers are going on strike, they dont realize it but theyre putting themselves out of a job. The best form of welfare is highpaying jobs quote kennedy. Stuart the wall street journal says the republicans have a fairly ambitious agenda if they take control. It is restricted, lets build the keystone pipeline, repeal the medical device tax. I think those are somewhat minor League Things to do it the republicans win the senate. What i want to see as Corporate Tax reform. They could get some Corporate Tax reform. I am talking to a lot of democrats who would love to see the Corporate Tax rate lowered and the base broadened, static revenue neutral. The only one against this is barack obama and his team in the white house so they could get tax reform, Corporate Tax reform which i think you are right but i dont think the pipeline smaller agenda, i dont think that is a small thing. We want to be constructive, you cant do the big deals like repealing obamacare if you dont have obama out of the white house. A lot of Democratic Senators would like to repeal obamacare and obama is there, it will be very difficult to do that. Lets get done what we can get done. Lets be positive and go for the white house in 2016 and and really do the job. Stuart if you did get Corporate Tax reform. You wouldnt be Significant Growth in the economy. In comes Hillary Clinton and says we are the guys, we are the ones, vote for me, democrats keep the white house, in 2016. I voted for clinton, that was bill clinton. I dont know what hillary is going to run on. I dont know what her policies that going to be. Taking the any attack on the economy, we are after good governments, not partisanship. If we can get a democrat to the progrowth, supply side like jack kennedy or bill clinton, we take every day of the weekend twice on is not republican or democrat, but the economics, in ignorance. Stuart prosperity is the glue that binds us all together. It is growth, i think you have been modest about four or 5 . We give you real growth, growth rates in the chinese rates on a quarterly basis. We had growth. We brought the Unemployment Rate down, brought jobs up, when you talk about this the economy is a catastrophe. Employment is a share of population have not increased in 7 years. A little smidgen, we are 4 trillion on gdp, those are not good gdp numbers, offsetting the Second Quarter offset the first. When looking at housing is a catastrophe, new house sales tournament thousand population at its lows, it theres no improvement yet. We need that economic policies to get this machine going and we can do it with a good senator and a good house. Stuart there you go. Isnt that a great way to start the campaign season, back to school, starting the show at 11 00 a. M. Eastern time. Shares are laugher on fire for us. Stuart arent you on fire too . Seriously, it is our hope and dream, and it is wonderful. Stuart great stuff, and we will see you all very soon. And up next, we will take you there live one moment from now. Stuart do you think my idea of celebrating capitalism, free market economy, dont you think that is better than celebrating unions who have contributed to the demise of america . Go. You never cease to amaze me. We celebrate capitalism and free markets as we should, 365 days the ye ianthe was state of the union fill dines at stake on renaming labor day. You may have called me a scrooge but viewers came up with pretty good tons in cheek suggestions for a new name for labor day. Here are your thoughts. John, we should change it to unemployment day, the unemployed are probably offended by the word labor, much too harsh and i disagree. Jules thinks there is no reason to change the name of the holiday. She says i earned labor day by working all my life. Lets call it labor day for those who are and are still laboring. Got you. Thanks, keep the comments coming. We love to read from. Thank you. The hotel and casino in Atlantic City closing its doors, italy and two years ago and because 2. 4 billion to build it. Cheryl casone knee is live at the casino. A lot of questions here. Who owns that casino and who lost the money . It will cost companies, hedge funds. And more. They have gone through two bankruptcy filings, what can they sell . What do you do withnebethre sti boardwalk. Stuart private equity money that was lost. Which the casinos in Atlantic City are closing . Showboat closed on sunday and at 6 00 a. M. This morning, revel close their doors at the trump casino will close on september 16th. The three casinos closing, 6,000 jobs are disappearing here in Atlantic City. 13 Unemployment Rate in Atlantic City. They will crunch the numbers of all the jobs that were lost. Three casinos are now shutting their doors. Stuart this is unheard of. Three casino closings. Competition, capitalism on fox business. Competition from pennsylvania, competition from upstate new york, the mohegan sun, they are bringing in the business because why pay 40 in tolls to leave new york city, and they used have buses, the express train service, a lot of that is over and frankly all they can offer is an empty boardwalk, and gambling. There are Better Options out there that do want to gamble in this part of the country. No real airport to speak of. Atlantic city is suffering. It is a shame too because of budget in Atlantic City will be losing 15 of its revenue with the closing of the three casinos, talking 30 million in annual property tax revenues. It will be done. What is happening to the city . Atlantic city and the president s that are left here. Stuart i dont see what the rescue plan could be but it is a dire situation. Thank you very much indeed. Coming up, a hacker releasing nude pictures of some of hollywoods biggest names. Can the stars su and if so who do they suit . Judge Andrew Napolitano is back and with us in just a moment. New rules that require Car Companies to install black boxes in their vehicles going to affect day. Precisely what does the black box recorder as you are driving along and who has access to the information . Gerri willis has one of the boxe