Trump will speak and so will former candidate ted cruz. His speech, listen to this one, his speech reportedly will not be vetted. Big risk. The Trump Campaign has not been told what ted cruz is going to say. He could say anything. A little drama there. For the media this morning, its an over the top orgy of trump bashing. Here is a headline from the Washington Post, you wont believe it, another day of the g. O. P. Convention, another night of terror. What . Terror . Clearly donald trump is fighting Hillary Clinton and the entire media establishment. Sound the trumpets. Would you believe another stock market rally . Yes, again. We are headed where weve never been before. Who would have thought. 18,600 probably in a couple of minutes. Varney company is about to begin. Its my honor to be able to throw donald trump over the top in the delegate count tonight. He draws out the talent to driving people so they can achieve their full potential. Thats a great quality to have in a father and better yet in the president of the united states. Congratulations, dad, we love you you know, its the trump family show right there every night of the week at the cleveland convention. Now, i promise, i do promise well get to all of that. First, we have to get to the markets, poised to open at yet another record. Today, on track for seven Straight Days of record gains. And now [trumpets] why not . I do own some of that stock. [laughter] their business is all about the cloud. Thats the great pc server in the sky where you can store your stuff and get at it at any time. Its a huge Growth Business and microsoft is on it, i do own some of the stock, going to be up today a couple of bucks. Now, the great 2016 stock rally, peter morici is here, tenured economics professor at university of maryland. Dont forget tenured, thats important. Peter, you told us a couple of weeks ago you thought that donald trump has something to do with this market rally. You still feel that way . Well, i do. He creates a he shakes things up and creates some optimism that things can get better and they can if we get rid of this administration and dont elect a third term of Hillary Clinton. You know, the economy has so much more potential than it is fulfilling, thats why businesses have so much cash on their books. And theyre essentially not investing, even though there are a lot of great ideas to invest in. In the meantime theyre finding ways to be more emisht and make nor profits and this is a profitsdriven rally which i wrote about last week. Stuart ive got to be disappointed last night at the convention, the economy was the theme, but i didnt hear much about growing the economy, cutting taxes, getting on board with a positive view. I didnt hear that last night. Well, what you heard were two prominent republicans in the face of ryan and mccconnemc, hedging their bets. Theyre concerned about the house and senate and theyre alluding to their own agendas in reality. Ryan wants you to know that hes going to be there to defend the republican agenda no matter what happens. I believe that the republicans are still skeptical about trumps ability to win. Its wellfounded skepticism, not in the candidates, but for them. The behavior of kasich, hes in his state and the guy wont come out and help. Stuart that was kind of ridiculous if youre on the Republican Party. Thats division. Its not called for. Stuart youre right. Peter, im glad you gotten y got tenure, youre going to need it. Apart from microsoft, look at Morgan Stanley, its going to be higher today. The stock will open up, and Morgan Stanley shares are actually down 30 since last july, theyre coming back up a little today. Look at Lockheed Martin, up more today. Youve got to watch the big defense contractors. Theyve been on a tear recently. What does it tell you . I dont really want to answer that question. The price of oil is down today. 43 a barrel. And an hour and now, the latest numbers on supply. And 1. 57 , thats the yield on the 10year treasury. To politics, the media pulling out every single stop you can imagine to skewer donald trump. Look at usa editorial board. America, be afraid, be very afraid. Usa today. And oped, Washington Post, the Trump Convention is a triumph narcissism. From the new york times, donald trump claims nomination with discord clear, but family cheering. Joining us is sam clovis, national Trump Campaign chair. I have a long list of negative headlines about trump and i know youre smiling, youre always smiling when you appear on this program, but what are you going to do about this . What can you do about it . I think the biggest and moss important aspect of this is what the American People are going to think. This is really, i think, the last 36 hours ive been amazed at the incredible onslaught of pundits and media people trying to get the four decimal places whats wrong with the Republican Party and whats wrong with donald trump. Frankly the American People dont see it that way. Theyre looking for a leader and they found a leader in donald trump. I think all the stuff going on in cleveland, i dont think its going to matter at the end of the week because i think we are going to see a bump for donald trump in the polls. All of this frenzy of pulling hair out and rending of clothes is not going to matter a wit to the American People. A potential negative, that would be ted cruz. He speaks tonight. As i understand it, his speech has not been vetted in advance which means you dont know what hes going to say. He could really wreck things or he could make things. Thats a potential risk tonight, sam. I think it is, but i also think that we have to trust senator cruise to come out and make the case for conservative, were going to hear the same from governor mike pence. The underpinnings has always been conservativism. And theyll put a cork in the bottle on the protests and turmoil in the party. Lets be honest, this was a bare knuckle fight from the start and a lot of feelings got bruised. As we go on for the campaign. People will have a choice for donald trump and Hillary Clinton. I think senator cruz will be with him. Thats how youre posing the Republican Party, how youre trying to get unity, if you dont have trump, you have children. Right. Thats how you get the party to unify, correct . Thats right. What weve been asking all along is to compare and contrast. Lets compare and contrast donald trump with Hillary Clinton and i think the American People have already started that process of shoozing. If you look theyve started the process of choosi choosing. We have people that are galvanizing and i think well see people shift from mrs. Clinton to donald trump. People will say am i going to be better 0 of with Hillary Clinton as president , the answer is, im not well off now, and i cant see another four years of barack obama so donald trump becomes the clear cha choice. Stuart sam, thats plagiarism. Youre going to Ronald Reagan 1980. You are, you know. Well, im a College Professor with tenure as well so i feel pretty much bulletproof, next to a government job thats the next thing close to eternal life on earth. Stuart nothing wrong with that and im glad you kept that smile. Well see you shortly. Thanks, stuart, always great to be with you. Stuart got some extraordinary pictures to show you, a big dust storm. Now, thats a dust storm near phoenix, arizona, drivers along the highway told to be very, very careful because of the reduced visibility. Ashley do you think . What are they doing in front of you . Thats a big wall of dust moving across the land, it paralyzes traffic, id say. Ever seen one of those things . I have, ive lived in arizona, it gets into everything. Stuart much worse than tumbleweed. Arizona no, no, amazon, misread, sorry. Amazon committed to using drones for delivering and hes purchasing drone perches atop lamp post and they have a place to recharge. They land on the lamp post and then recharge liz quiets the wild turkey sitting there. Stuart we live in the future. Donald trump facing fierce criticism from the left. And a professor golfer comes to his defense. This lady youre about to see is next on this program. I believe that gods timing is purchase and he puts people in our lives to help make us a positive impact on those around us. One of those people for me, is donald trump. My business was built with passion. But i keep it growing by making every dollar count. Thats why i have the spark cash card from capital one. With it, i earn unlimited 2 cash back on all of my purchasing. And that unlimited 2 cash back from spark means thousands of dollars each year going back into my business. Which adds fuel to my bottom line. Whats in your wallet . Yes, if youre just waking up and joining us again, were set for an opening higher, again, maybe 40, 50 points up again, were on track for seven Straight Days of record gains. Back to the convention. Golfer Natalie Gulbis was among the speakers last night talking about a side of donald trump you wouldnt normally hear about. Roll tape. The first time i played golf with him in 2005, i shared two things, countless ceos, billionaires and politicians before him. One, i had a dream to open up my own boys and girls club. And two, i was deeply frustrated about being treated differently as a woman, overlooked and underpaid in business. Im proud to tell you that with donalds help i opened up the Natalie Gulbis boys and girls club and in response to my frustrations about being treated unfairly as a woman, he adamantly rejected the notion and offered me a simple eyed that changed my life forever. Never fear challenging the status quo. Stuart and Natalie Gulbis welcomes us now. Great to see you. Thank you, its very nice to be on, thank you. Stuart now, you know, everybody throws the book at donald trump. Hes a bigot, a sexist, he does terrible things and says terrible i think so this about women. Your story last night was the exact opposite. You met him first years ago and he helped you get started in the golf world, is that accurate . Well, i met him in 2005. We had our tour championship on his golf course in florida and that was the first time i met him and got to play golf with him and fast forward till now, hes just been such an incredible influence in my life both in business and reich we heard, helping me up a boys and girls club. He has been a tremendous supporter and a positive influence and just one of those people that continue to encourage me and someone i can reach out to for advice on business or more, just when im having a challenge with being a female going into a tough meeting or going into, you know, just anything having to do with the world of sports. Stuart natalie, a lot of people when they come out openly in support of donald trump, they get a little hostility from the people around them, friends, family, colleagues. Theres a lot of hostility to Trump Supporters when they come out into the open. What happened when they realized you were going to speak at the convention in favor of donald trump . Well, knock on wood that they guess, but ive had an overwhelmingly positive response. I play in a womens Sports Organization and i am around Women Entrepreneurs very, very often and my sponsors and my friends and family, a lot of people know donald and know donald the way that i know donald. My family stayed at his house in florida and hes been an active part of me opening up my boys ab girls club, which is my single greatest accomplish its been all positive. Stuart i want to leave people because on this program, gary player frequently appears with us. Ive seen it. Stuart and he wowed our audience because hes 80 years old and he does 1300 situps a day. Could you do that . I know, hes unbelievable. Ive not worked out yet so i can start doing some now ap you can start doing some and maybe together we can get to 130. No, hes insane. Hes actually incredible. Stuart incredible. And a physical specimen the age 80. 2 is rounds of golf at average of 80 he averaged a score of 70. I mean, isnt that amazing . Isnt that every golfers dream to shoot your age and hes got it by 10. He keeps beating us. Stuart congratulations on your speech last night. Thank you. Stuart look at more stocks moving. This is just facebook hit 120 a share, going up some more this morning. Please remember, three years ago, that stock was 25 a share. Chris christie coming out against Hillary Clinton big time. The crowd went wild. Watch this. As to Hillary Clinton, the charge of putting herself ahead of america, guilty or not guilty . You do all this research on a perfect car, then smash it into a tree. Your Insurance Company raises your rates. Maybe you shouldve done more research on them. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Just one of the many features that comes standard with our base policy. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Oh, thats bamba, and thats liz happy music. Stuart energy, and because weve got microsoft, i own some of that and youve owned it half your life. Stuart not quite. Now, look at this, this is Chris Christie fired up last night at the crowd. He held a mock trial to prosecutor Hillary Clintons record as secretary of state. Just listen to this. Hillary clinton has a failure for ruining libya and creating a nest for terrorist activity by isis. Answer me now is she guilty or not guilty . Putting Big Government spending financed by the chinese ahead of good paying jobs for middle class americans, is she guilty or not guilty . The flawed evaluator of dictators, a failed strategist who permitted russia back in as a major player in the middle east. Is Hillary Clinton guilty or not guilty . Lying to the American People about her selfish, awful judgment in making our secrets vulnerable. Whats your verdict, guilty or not guilty . And the crowd went on to chant lock her up, lock her up. Now, is that a turnoff . Because that was kind of it feels like mob justice and mob mentality. Such a departure from what the conservativism that the bushes ran on and won in the broader electorate. Will it bring in the broader electora electorate . Is it a positive vision, didnt feel great. Ashley well, it was one way of highlighting the things that hillary has been involved in. Theres a line and point where you see we get it and the whole lock her up, too much liz too much. Stuart back in 04 they had a lot of flipflops because of john kerrys flipflops. That, i think it felt like scary mob mentality and mob justice. Ashley even if you dont like Hillary Clinton, dont think it should be at the convention. Just my opinion. Weve been up, up, up, for a long time and well be up again four and a half minutes from now. A gain of 50 or 60 points. Watch your money grow with Varney Company. I want to be starting something, got to start something before it became a medicine, it was an idea. An inspiration. A wild whatif. So scientists went to work. They examined 87 different protein structures. Had 12 years of setbacks and breakthroughs, 4,423 sleepless nights, and countless trips back to the drawing board. At first they were told no, well. Maybe, and finally yes. Then it was 36 clinical trials, 8,500 patient volunteers, and the hope of millions. And so after it became a medicine, someone who couldnt be cured, could be. Me. Stuart every day i think for eight Straight Days trading sessions at this time of the day we come on the air and we sate world is in turmoil, anxiety is is everywhere. But that stock market has been higher thats what theyre saying all over again now u. Three seconds, this market opens. And yes it will open higher again. 9 309 here we go where are we now . Thank heavens we are up 32 points. I didnt want to be proven wrong right from the get go. On lefthand side of the screen most in the green. Most of them are on the upside. Now take a look at microsoft profits getting boost. Sales okay. Trumpets profits getting a boost because theyre really into the cloud business. More on that in a moment. The stock sup nearly 3, 5. 5 . Facebook just hit 121 dollars per share. Lower profit at Morgan Stanley but investors dont care. Stock is up again thats Morgan Stanley up again. Share price of Lockheed Martin up 3 . There you go. Locke martin ping its open. We are up a fraction. 2. 59 there. Amazon stock not too far from the alltime high. Story here, they patented way to a drone landing spot where the drone recharges. So it can make more deliveries. I know youre fascinated. More on that in a moment. Netflix stock is down big yesterday. It reported weak subscriber growth edging back almost a buck now but still 86 on netflix. Dont forget oil, down today. 43 dollars a barrel. We get the supply numbers at 10 30 this morning plrpt take a look at the tenure treasury yield 1. 85 . An important number these days. Start with microsoft doing well in the cloud. I want to have some unctioning of the cloud. Liz mcdonald in chicago. Here in new york, peter the tenured economic professor is with us. I want to every one of our viewers to understand what is is this Cloud Computing. Shaw says he can make me understand in two sentences. Go. Initially cloud is all about hardware