Failing schools and trump goes after it today. Another record for stocks, 18,636, thats the alltime closing high. If youve got a pension plan, 401 k , ira, inheritance any money in stocks, youre doing remarkably well. Good news, olympians are running away with medals and bad news, they get money for winning and its taxable. Varney company is about to begin. Yes, it is. All right. Look at your money. This is how were going to open up on wall street about a half hour from now. Down for most of the indicators, but thats not a big seller. Remember the dow did close at its umpteenth record high of the year. Oil, 45, 46 a barrel. Theyre talking production freeze to limit supply. Oil up, print money and stocks go up. Thats the general rule. And were sitting on a string of records. I dont know how many people actually saw it coming, its a surprise to most people. Its a surprise that corporate earnings arent that exciting and i have to say that the economy is not booming and stocks are expensive. Why is this market going up . Are you going to tell us, peter . The bond market, first of all. Yields are the seller there and the average yield on s p is 2. 1 . Theres great stuff in the tech market. Theyre earning the oldfashioned way and theyre beating their expectations. Im interested in that. The companies where the stock has gone to the moon. That will hold off, not a big selloff there. Theyre trying to compare it to the 2000 the 2000. This is different microsoft is earning money, netflix is beating expectations, amazon is beating expectations and a different set of affairs and i think these are strong bellwether companies. Stuart stay with us, we want your analysis of the opening bell. Stay there, please. Thanks, peter. Now, take a look at apple in particular. Big hillary fan, Warren Buffett, hes buying more apple stock. Were, of course, three weeks away from the expected release of the iphone 7 coming up. Whats the details on the Buffett Berkshire hathaway boosting the stake in apple 55 , from 9. 81 million shares all the way up to 15 1 4 million shares, carl icahn, george soros, are getting out, concerned about a lack of growth for the stock, but Warren Buffett, look, he loves slow growth companies, thats his kind of thing, a big pile of cash and nice dividend payout. As the others are running away screaming, he likes to buy liz he bought when its headed to 90. Stuart ive got it as a low 90, 96, 97 and 109, a 10, 12 gain. Warren buffett, its classic. Its a firm company. Hes got 50 billion every year of cash flow and lots of way to reward investors. Theyre sitting on 250 billion in cash more or less, sounds like something apple, call it varney, people would be buying it. Stuart do you think . [laughter] 13 times p. E. , microsoft is 20, its cheap. Stuart want to get to trump. Can we have a week where we dont say why did he say that, can we have a week . Lee carter, youve got the focus study and the last two weeks, trump lost the independents. He did. Stuart can he get them back by staying on message on prompter . I think he can. And i think, you know, there are so many facts and statistics going around how hes never had a candidate thats been doing this poorly, this far before the election and win, but i think 2016 is a year anything can happen. So, i think what were seeing is independents are saying id rather vote for no one than vote for either one of these. The most unlikable and untrustworthy candidates in the history of polling, more or less. Stuart are you saying that the independents just pulled back . Theyre pulling back. Stuart theyve pulled away from hillary, pulled away from donald trump. At the moment theyre home. About 20 of votes are going to jill stein or gary johnson right now. Stuart thats a lot. At the end of the day, i dont think we are going to see those numbers. People are going to decide im not going to throw away my vote if i go to the polls. I think well see a lot stay home, but donald trump can bring them back because people are looking for something different, looking for answers, looking to feel safe, looking for an economy growth, looking for jobs and if hes able to convince them he is that guy and keep discipline now, he has to just stay on it. Stay on it. If he wants to take down mainstream media, wants to take down Hillary Clinton and say all of these things, have your surrogate say it. Have other people say it for you. He needs to rise above it. He needs to focus on making America Great again and jobs, security. Stuart youve said that before. By the way, donald trump clearly laid out his Foreign Policy, here is the headline, extreme vetting, i mean, extreme vetting. A test for all immigrants. You should only admit those to the country those who share our values and respect our people. In the cold war we had an ideological Screening Test. The time is overdue to develop a new Screening Test for the threats we face today. I call it extreme vetting. I call it extreme, extreme vetting. Stuart as i said, extreme vetting. Joining us now, governor mike huckabee. Governor, welcome to the program. Thank you, stuart, great to be back. Stuart an ideological test was applied to me when i became an american citizen and to Ashley Webster my colleague right here. Ashley no communist groups. Stuart are you a member of the communist party, have you ever been . I said no. Ashley said well, i dont know what he said. [laughter] this is not new an ideological test is not new. I dont know whats wrong with it. No, and first of all, let me say the fact that you and ashley got through shows just how open our borders really are. [laughter] now, let me take you back even further. Let me go back further than the cold war. We like to talk about ellis island and how wonderful that people game here. Have we forgotten the truth at ellis island, they were screened for disease and if they had Communicable Diseases and couldnt be cured they were sent back and two witnesses to testify they were of good moral character . What donald trump proposed yesterday was not extreme vetting, it was traditional, historical vetting that we used to have until we got stupid and started opening our borders and not caring who came and why they were coming. Stuart now, the criticism is how can you actually do that . People will lie about their connections. So there is an efficiency question attached to Donald Trumps suggestion as well. How do you deal with that . We deal with it let me take you back to ellis island. If you couldnt find people who could verify who you were, didnt have a sponsor or people who could attest to your moral character, you got sent back, i mean, we did not have this open border where anyone and everyone who wanted to come here got to come. It was a privilege to come to america and immigrate here, it was not some divine right. I know it sounds harsh, but thats who we always were. We had immigrants who wanted to come and assimilate to this country and borrow a phrase, make America Great. People who wanted to come out any understanding that they might want to come here and shoot a bunch of people in san bernardino. We had the good sense at one point in our history to say no thanks. Stuart governor, he always cut it short and youre one of the most articulate guys. Thank you, my pleasure. Stuart watch this photo finish, watch. Watch the end there. That was the bohemian sprinter, whether she was diving or fell, i dont know, but she beat out the american runner. And that won her. Nothing illegal for diving or stumbling across and she did. Other action, simone biles favored to win five gold medals in gymnastics, she stumbled on the balance beam and her hands touched. And her teammate Laura Hernandez won the silver and ms. Biles won the bronze. Shes got another shot at the gold later today. From las vegas, the tower of the riviera, watch this, a huge crowd of People Holding up their phones and they closed it in may last year. It was the back drop for several movies, oceans 11 is, diamonds are forever. And dont say that. Aetna, the stock more than tripled and now aetna is pulling out of states. Too many sick customers, too expensive theyre out of obamacare. What does it mean for obamacare . Slow decline. George soros doubling down on his bet against the stock market in america. Well explain. And trump as a law and order candidate, a round table with officials in wisconsin. Hell be a few miles from riottorn milwaukee and we will be back. Im going to make this as simple as possible for you. You can go ahead and stick with that complicated credit card that limits where you earn bonus cash back. Or. You can get the quicksilver card from capital one. Quicksilver earns you unlimited 1. 5 cash back on every purchase, everywhere. I shouldnt have to ask. Whats in your wallet . Stuart home depot is going to be up well, it will be flat. The futures for home depot is brighter, they say. And dicks Sporting Goods, the future is brighter. That stock will be up significant significantly. Donald trump will go to milwaukee after a officn officet a suspect who reportedly was pointing a gun. And trump appears to be doing the opposite, joining us now is the chairperson of the tea party forward. Nigel, as always, welcome to the program. Good morning, stuart. Stuart president obama hosts black lives matter at the white house and singles them out for praise and donald trump goes to wisconsin and meets with Law Enforcement officials presumably to back them up, law and order. Theyre coming at this from opposite directions, it seems. What do you say . Well, hes not only meeting with Law Enforcement and heroes like david clark, but hes having a down hall with the people of the community, Law Enforcement, rank and file citizens of milwaukee in wisconsin generally and i think its a brilliant move. Stuart, i think on your show last week, i actually said that donald trump needs to take his message of economic revitalization into inner cities across this country, not just milwaukee, but cleveland, cincinnati, philadelphia, that if hes going to make a miraculous comeback in this election, actually contrary to conventional wisdom, i think its going to come in those cities where theres opportunity. One of the things hold on a second, nigel. Hold on a second. Yeah, go ahead. Stuart ive got to straighten this out. Yeah. Stuart hes doing a town hall with local community people. Does that mean theres an opportunity here for people in the black community in milwaukee to confront donald trump about whats been going on there and how they feel about it . Can we expect a confrontation today . I dont think so. I think trumps Security Team has been extraordinarily careful about preventing that from happening. I think its going to be a crosssection, not just blacks, but blacks, latinos, asians, whites, in this town hall and i think its an extraordinary opportunity when in this tragedy and i say its a tragedy because its tragic whenever a life is loss and obviously we have to investigate and find out exactly what happened with this black officer that apparently, apparently was defending himself from this suspect who had a gun, but his sister, interestingly enough and obviously, she is emotionally wrought and very frustrated, but she said a very interesting thing during the riot, she said dont bring that stuff here. She used a little more profane word, she said dont bring that stuff here and we need our we we need our Small Businesses, we need economic activity. Yesterday on the Sister Network i saw a young man saying we need entrepreneurship, we need business opportunity, we need capital investment. These are really pro capitalists and not pro capitalists from a crony capitalist or, you know, a printing money for the federal reserve, which protects the investor class and upper 1 , but a bottom up capitalism that promotes entrepreneurship, that promotes Economic Opportunity and the sad thing that were going to learn from the obama years when historians look at this era, is that economically, this has been an extraordinary era for the top 1 , but for those small and medium sized businesses that want to climb the economic ladder and get into the game, its been a disaster, more Small Businesses have closed during this era. Stuart im out of time, nigel. Thats not a part of the american success story. Thats contrary to the american dream. Stuart nigel, im out of time. Thank you for joining us. See you soon. Thank you. A big surprise at a zoo in vienna. A giant panda gives birth last week. Zookeepers thought originally thought she gave birth to one cub, but she gave birth to twins. Why did they miss it, the newborn pandas are tiny about four inches long. Oh. They grow fast. [laughter] a town banning socalled burkinis, full body swimsuits that women wear. Banned. And hillary and joe biden on the campaign trail saying that trump cant be trusted with nuclear weapons. Youll hear about that next. When a moment spontaneously turns romantic, why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. 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Joe biden at scranton hugged hillary for 17 straight seconds, we timed it, but that didnt stop them from staying on message. Ashley let her go, joe. Stuart attacking trumps temperament, almost, 12, 13, 14, its almost over and then youll see them attacking temperament, roll tape. I said in philadelphia, a man that you can bait with a tweet is not a man you can trust with nuclear weapons. Theres a guy that follows me right back here, has the nuclear codes, so, god forbid anything happens the president and i had to make a decision, the codes are with me. He is not qualified to know the code. Stuart now, lets suppose that trump said that guy over there has the nuclear codes. Can you imagine what they would say. Terrified. Stuart a nuclear war. Its threatening. Ashley and good to know where the codes are liz who is the biden aide who has the codes . Thats a good question. I know that the president is followed with the man they call the football. Ashley trump said that, the headlines would have been trump threatens nuclear war. Stuart but with joe biden its kind of cute, kind of funny. [laughter] take a look at volkswagen, please. The department of justice is launching a criminal, thats the important word, criminal investigation into the emissions cheating scandal. More on that in a moment. Another big day for your money. Here it is, the dow closed yesterday another alltime high. Will you look at that, 18,636. If youve got your 401 k , open it up, have a look, you should be smiling. Next question, is it time to sell . Well deal with that and the opening bell, which is moments away. [announcer] is it a force of nature . Or a sales event . The summer of audi sales event is here. Get up to a 5,000 bonus on select audi models. Tuesday morning, 30 seconds we will be off and running. Please remember that yesterday we reached the umpteenth record high, 18, 636, that was the closing high. Well probably open lower this morning, about ten seconds from now. We have the price of oil up a little, close to 46 a barrel. That usually puts something of a floor underneath the stock market. Lets see how we go. Were now one, two, three, open for business, off we go. Where are we in the early going . Ill tell you now were down, its not a huge selloff by any means. Its not tumbling down. Were off about 30 points with a large number of dow stocks in the red. Its a pretty broadbased pullback, but not a dramatic pullback. How about the s p 500 . Where is that in percentage terms . About the same as the dow, down about 1 4 . How about the nasdaq is this technology heavy, of course. Its down about the same amount about 1 4 . So individual stocks are moving from the getgo this morning. Apple has gone to 109. 80. Incs stake in apple. Home depot raises the futures for the future. And volkswagen reportedly in talks with justice to settle criminal charges. None of the less, its down below 30 a share. Aetna, losing money, dropping out of some obamacare exchanges. Dead flat this morning. Big tech names, we check them every time. Facebook down a fraction 123. How about alphabet. Had been at record highs pulling back two bucks today, 803. How about microsoft, alltime highs very close pulling back to 57 a share. Amazon, where is it . 766, very close to the alltime high. Theyre all at or near record levels. So, well be asking, should we sell them . Should we sell the whole market . Here is Ashley Webster, liz, shah galani. Im going around the block here, should we start selling now . Shah galani. No, its into the time to sell, its cautious, and hedges in terms of your positions. The market has too much momentum going higher and no, selling out right now, no. Getting defensive, absolutely. All right, todd for you on stocks. Alltime high yesterday. If youre a trading sell with both hands, if youre a hedger, hedge in and close your eyes. Stuart whats that mean. Ashley hedge in there. Hedge your position. As an investor you should not be getting out of the market. Hold onto i