We dont know what hes going to say. Were interested. His supporters absolutely not happy. Theyve already taken to the streets. So, its a divided party and a Chaotic Campaign that kicks off a Philadelphia Convention hours from now. Theres just so much to go at this morning. Theres trumps reaction, come on over, Bernie Sanders supporters. The media reaction is not really that bad. All of that and there has been a suicide bombing in germany. There is a heat dome thats made for a sweltering weekend. But get this, monday morning and stocks remain at record levels. We will pack it all in for you. Varney company is about to begin. Count them, three terror attacks in germany in one week. First, it was an afghan teenager, armed with an ax and a knife, injured four people on a train and eventually shot dead by police, and then a syrian refugee kills a woman with a machete, injuries two others. And now, a syrian Asylum Seeker has killed himself and injured 12 others, blew himself up. He was trying to get to a Music Festival, ashley. Ashley he was, this was in southern germany and refused entry and this 27yearold who was facing deportation, by the way to bulgaria, he had been refused asylum privileges and blew himself up. There were 12 people injured, of course, he killed himself. Whats interesting about the outcome from this, stuart, is that the mayor of munich is now calling for a ban of backpacks for oktoberfest, theres a huge concern now about oktoberfest, which will kick off later, obviously, in the fall. And an mp in Angela Merkels party to call, lets regain control of our own borders, our own party. Angela merkel coming under pressure. Stuart look at that the bottom of the screen, migrant crisis europe lost. They got it right. The markets coming off the fourth straight week of gains. Its monday morning with a chaotic news selloff. A rollback of the recent highs and slightly higher opening for the dow and ever so slightly lower for the nasdaq. I call it flat. How about the price of oil, 43 a barrel, thats a story. Oil directing further and further away from that 50 mark that it hit last month. Thats why gas keeps falling. Gas prices dropping to a 12year low for the month of july. Thats driving season, of course. I paid a buck 80 in huge this weekend. Big deal got to tell you about it, verizon buying yahoo for about 5 billion. Theres a back story here, liz, Marissa Mayer is going to walk away with how much liz more than 55 million according to a sec filing. This is whats happening about 4. 5 billion in cash, all cash. What a comedown when the company was valued at 125 billion in january of 2000. I remember, remember, microsoft wanted to buy it for more than 44 billion eight years ago. Stuart she said no . She didnt say know, she came out in 2012 and watch what happened on her watch. More than a quarter of that vaporized and went south on yahoo . Stuart she gets 55 million and we dont know what shes going to do in the new company. 55 million, thats the number. I want to get back to politics, Debbie Wasserman schultz is out as the top party boss. Wikileaks revealed dnc emails and the top brass undermined Bernie Sanders, not supposed to do that. And here is Wasserman Schultz responding to the complaints that the party hasnt been fair to him. She wrote this to a staffer. Spoke n spoken like someones never been a part of the Democratic Party. And stories about sanders being an atheist. Tammy bruce is here and introduce you properly. Please. Stuart he speaks tonight, Bernie Sanders speaks tonight. Yeah. Stuart theres a lot riding on what hes got to say. If he says, were altogether in this, kumbayah, unity, hes betrayed his own people. If he says, you cant get away with this hes divided the party. I think they all deserve each other. S already endorsed hillary, this is what theyre getting. He endorsed hillary before knowing this, but the fact of the matter is, all of us involved in politics, Wasserman Schultz is right, this is what they do. But if youre followers, and like the Republican Party who want change, we want things to be different. So Bernie Sanders will not condemn hillary. He wants to be a part of the new administration, and he will abandon his followers, and it will remain unified internally, but externally his followers will have abandon his followers. Yes, he will. Ashley Debbie Wasserman schultz is she convening the convention . Terrible mistake, because she getting going to get booed. Tammy is right, the real issue bernie has so far yanked the party to the left its unrecognizable and some have defected to republican parties and on obama as watch lost 80 house and senate seats because of the disaffected working class voter who says we dont know who the Democratic Party is and we dont agree with socialism. Bernie sanders has been a fatal mistake. And this convention is going to reinforce that program and i say bring it on. Stuart youre having more fun. I know these people and they deserve whats happening. Stuart and thats bernie, Debbie Wasserman schultz, et cetera, et cetera. And donald trump jumped all over this. Here is one of the tweets. Im sorry, choking. Its that funny. Stuart im going to read this. The highly in your neurotic Debbie Wasserman schultz is angry and shes out. And theres a smile on the face. I got it. This is a Golden Moment for donald trump and hes seizing it. Absolutely. And as he often does he hits the nail on the head. You know, its amazing, Debbie Wasserman schultz was in that position for one reason and one reason only, shes completed that her mission and what do the clintons do . They sack her. And as soon as they can. And its that sort of bloodlessness thats just weve kind of gotten used to with the clintons, but its amazing to watch it unfold here as the democrats are trying to come together and show party unity. Stuart you know, charles, our judgment on the republicans last week was that they emerged and its not the Republican Party of your father or your brand father. Now, we go into the Democrats Convention and i think it is the party of your dad and your granddad. Not in terms of policy, theyre socialists, but in terms of the leadership. Its the same oldsame old, its your dads party. I think thats a very shrewd observation and the other thing, obviously, the media went bananas, over the doom and gloom of Donald Trumps speech and there was a lot of doom and gloom there, but the truth of the matter is apparently that doom and gloom raised a lot of doubts in americans. And what were seeing in the polls, donald trump has a healthy bump out of there and it will be interesting to see whether Hillary Clinton the democrat can somehow sort of try to take back the momentum that theyve that the republicans have gotten. And theyre going to have a hard time if bernie, what, Bernie Sanders will speak tonight, i dont know what hes going to say, but hes going to make a big difference to that party. No, i think youre exactly right. And interesting thing about all of this, what were seeing with these wikileaks emails and Debbie Wasserman schultz is that donald trump is right. The system is rigged. This system is totally rilgd and you have a lot of Bernie Sanders supporters out there who are looking at this and remembering, wait a minute, who has been running on the idea at that system is rigged all the time. And do they go to donald trump . I dont know, thats a tough sell, but do they stay home . I think without a doubt they stay home. Stuart fascinating stuff. And youre loving every second of it, charles. I know you are. Oh, its i mean, its a carnival, the greatest show on earth. Stuart im jealous of all the conventions i would have liked to have been at and part of, these are the two because they turned out in extraordinary fashion and youre there for me. In 20 years, i dont ever remember any political scene where theres more unexpected stuff going on, totally unscripted, and you know, whoever is up one minute is down the next. Stuart tell you what, charles, you go back 20 years and i go back 40 and ive never seen anything like this, either. Charles will be with us for the week. Thank you, charles. What is the market doing, monday morning, here we go, were down a fraction, the dow closed friday at 15, 18,570 and it will open right around that level this morning. How about this really dangerous heat across much of the country, its a weather phenom known as a heat dome. Oh, please. Stuart i agree with you. Its summer. Its called summer. Stuart let me explain. Its a High Pressure ridge that drops hot air and the 100s can i have the five day next . And more than 10 Million People are affected by this summer weather. Ive got more, president obama out with a new plan to bring electric cars to the masses, 4 1 2 billion to build a network of charging stations around the country whether you want an electric car or not. And a deadly shootings at a nightclub in florida, two People Killed more than a dozen wounded. Running mind and shooting and you see a whole bunch much kids running and see somebody laying on the floor. Just laying on the floor like bleep shot five or ten times. Stuart that was the scene last night at a shooting in florida, a nightclub, fort myers, two dead as many as 17 wounded. The latest. Ashley yeah, all very confused at this point, but we know two dead and 14 injured. The ages of the injured ranged from 12 to 27. This was billed as a swimsuit glow party for middle school and high school kids. But there was no i. D. Required. It was kind of an open kind of a celebration, if you like, a school celebration. The shooting broke out as the nightclub was closing down and parents were showing up to pick up their kids. Stuart oh. Ashley so we dont know motives, we know that three people are being detained by police. Stuart real fast, tammy. After this, are we going to hear more about gun control at the convention, the democrats . Yes, even before this. Bloom berg says hes going to be speaking same night as joe biden. And bloomberg endorsed in 2012. And its important people will understand the difference between the two parties again. Stuart thank you very much. Lets get back to the market. Its monday morning, weve got 15 minutes before we start the trading session and were going to be slightly lower on the s p 500, im going to call that dead flat frankly. How about individual stocks which will move, Kimberly Clark, the kleenex people and huggies diapers, theyll be down slightly, theirs has been hurt by the strong dollar. Its not your fathers party. And in terms of policy its not your fathers Democrat Party either. Theyve gone socialist is my opinion. And art laffer is here. And Bernie Sanders has done the heavy lifting here, theyre a socialist party and i dont think they can come back in the next three and a half months to become a centrist party in terms of policy . Just so you know im a democrat from the 60s. Im a kennedy democrat, pro growth, all the stuff that jack kennedy stood for and bill clinton, i supported and voted for bill clinton twice. I thought he was very aggressive on tax rate reduction, bringing prosperity back to the country and cutting Government Spending as a share of gdp and this is not either of those party. This is the antithesis, the party of stagnation and its sad and i think that trump has finally brought the republicans into being pro growth, i hope, i hope, i hope. Stuart do you think this has got a lot of to do with income inequality. Lets be honest, there is income inequality here weve known it for a long, long time. Maybe the gap is getting wider. Is that whats pushing the democrats left . I dont think its pushing. I think its opportunistic. What youre always going to have, stuart, one side and then the other side having to have differences otherwise you dont have a political contest and you know, one of the ones is Income Distribution and those two views have been battling from time immemorial and this time it happens the republicans are pro growth and democrats are redistribution. Stuart we keep coming back to this. Every time you and i get together on television, we talk about growth. I dont think the democrats have a program of growth. If their policies are put into effect, i dont think you have serious growth. But the trump and you get negative growth and the thing is, this is the time and place where growth is needed. Yes, Income Redistribution is important and should be considered in all of these things, but now is the time to make sure that people have good, high paying jobs other than checks, and thats what is needed. Stuart will you stay there . In about 15 minutes the market opens and i want your commentary, are we going to get to 19,000 on the dow this week . Save your answer, please. Art laffer, see you soon. [laughter] a cnn poll trump 48 and clinton 45. That represents a six point post convention surge for donald trump. Hold on a minute. Wait until you see how big a lead trump now has with independents. We will show you. And president obamas brother malik says hes not voting democrat. He is flying home to america to vote for trump. A full explanation is on its way. Ive got a new development on the german suicide bomber. Whats is this . He had multiple Facebook Accounts. Ashley six Facebook Accounts including one under a false identity. A search of his phone discovered violent videos and also, bomb making materials. However, police say in bavaria theyve not found a direct connection between him and terrorist groups, but they are continuing to look through his phone and other communications to see if theres a link. Stuart all of this in the news background along with the disarray of the democrat convention, no influence on the stock market at all. Were going to open up pretty much flat this monday morning with all of this chaos going on, well still be flat and weve got strong gains for the last four weeks. Theyre not going to be touched this morning. Apple, well have that stock for you, 98 at the open today and they report their profits late tomorrow so not much, obviously, impacted today. We do have more subscribers, better sales at sprint and they will be opening higher. About 20 cents higher and in percentage terms, thats not bad. A member of the president s family says hes voting for trump. Malik obama, the half brother of the president is coming back here to vote for donald trump. Tammy, why is he coming here to vote for trump . And there are several reasons, one of the reasons hes upset that obama and Hillary Clinton killed his friend gadhafi. And he has a different point of view about the difference of marriage. He seems to be a confused person, but says he likes the positivity of mr. Trump and how hes looking forward, but this is a fellow who is, i think, rather odd from the start. Stuart that would be true. Thank you very much, indeed, tammy. Interesting information. Check the futures again. Its monday morning with a chaotic news background, theyll open a fraction lower, pretty much flat. A question ill ask everybody, do we get to 19,000 on the dow fairly soon . Yes. Stuart yes says liz. And theres the pokemon craze sweeping the world, yes, it is. Turns out nintendo doesnt own all of pokemon go. They only owe a fraction and nintendo stocks will be way, way down at the bell which is moments away. Back soon. Youve wished upon it all year, and now its finally here. The mercedesbenz summer event is back, with incredible offers on the mercedesbenz youve always longed for. But hurry, these shooting stars fly by fast. Lease the gle350 for 579 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. Does your mouth often feel dry . Multiple medications, a dry mouth can be a side effect of many medications. But it can also lead to tooth decay and bad breath. Thats why theres biotene, available as an oral rinse, toothpaste, spray or gel. Stuart you know, for weeks in a row when the Dow Jones Industrial average went straight up. Four weeks in a row. Closeout friday at 18,507. Only starting to become in the question is ever going to hold those gains with the chaotic news background of politics and terror overseas. If we go higher, why . The answer to the question is in about 25 seconds will see the market over pretty much flat. In other words, no great selloff and no big rally to continue to rise with birdies seen. Kind of a holding phase, a pause if you like. That might last two or three minutes or two or three hours. I do know this. It is now 9 30 cicely and we are opening up in where we going . We are down. Not that much. Thats not the end of the world. So far here is the dow 30. Most of them however in the red and now we are down 24, 25 points. The s p 500 down about the same amount in percentage terms a tiny fraction. The nasdaq in 2016 highs last week when a busted the 100. Down just. 06 this morning. The number we think is important. 1. 57 as the baseline interest rate. The yield on the tenyear treasury. The price of oil is important to have a defense that 4332. We are drifting down from the 50 mark we had last month. Drifting further today 43 and oil. That is like asselin keeps falling. The National Average for the month of july driving season, 216 is a 12 year low. Stuart in your neck of the woods. There is a deal. Verizon is by yahoo 5 billion mom most big payday for Marissa Mayer. More on that later. Apple reported profits after the bell tomorrow. Amazon after the bell thursday. Backtoback 74