Wait. The pressing issue today for tens of millions of americans as hurricane rv. Its not the wind that is struggling, its the rain. Over texas and louisiana dumping 20 inches or more. Serious flooding predict it. Theres one winner winner. 759 million. The Winning Ticket bought in massachusetts. If he or she takes a lumpsum payment, it will be around 450 million. Then, it will be taxed by massachusetts. The actual payout, 250 million. The feds and everybody else get the half a million. What a deal. Varney company is about to begin. Stuart i thought i recognize that. Varney company in the background. Thats pretty cool. Congress comes back in september with the scant 12 days to get a budget and a debt ceiling done. With that as the backdrop, where are we going to open this market today . S. Come on the upside. Maybe the two sides are beginning to get together. Well be up 60 points in the opening bell. Weve got a date, september 12th. Apple inching up in the head of that revelation. Seniors who used to play the oregon music here. Up about 7 . Sales continue to slide. They are going to close an additional 28 kmart stores, but they lost less money than wall street. Ashley i guess thats a good thing. Stuart 9 a share. Lets get serious now. A hurricane warning in effect for the gulf coast of texas. Tropical storm harvey approaching and is expected to bring a lot of rain. That is the tory. Fox news meteorologist janice dean is with us. How much rain are we talking about . A concerning amount of rain into louisiana. Tropical storm right now i expect within the next six to 12 hours we will be dealing with the hurricane as we are seeing rapid intensification, waters in the gulf of mexico, very warm. Nothing deter the storm apart. The storm is forecast to stall off the coast. The friends across texas, operates rain, forecast models are actually showing the storm stalling, but making perhaps a second landfall next week. This is a store and that need to Pay Attention to. Local officials planning right now im possibly making evacuation plan along the coast. You need to heed the warnings. This is a big deal regardless of classification. You see some of these forecast models here offshore is to get into the weekend. This is a big storm, a big problem, big flooding event. Stuart you are so right, janice. Very important subject. Two feet. What about the storm surge. Lets go to politics. The womens slowdown in september, trump versus congress. I think the president is winning politically. Congress looks weak. I completely agree with you. What you saw in the spring was nothing compared to what we see in the fall. The president had the failure by congress to pass and a very strong message. Youve got to make sure the border while funding is in their and he would push for a government shutdown. It is well deserved quite frankly. What you make of these noncompetitive tweaked, but competitive statement that President Trump is sort of plane crew by yacht and saying we have shared goals. Mitch mcconnell saying something very similar, shared goals that they are trying to patch over the big disruption a few weeks ago. What do you make of that . They need each other to succeed. If it does not pass through, if its border while funding does not pass, you are talking about political trouble in 2018. For the president and republicans, losing eight in the midterm election, which we know is that oracle trend, where the party in charge of losing seats is vital republicans are able to show that they can govern and they have failed to do so so far appeared no wonder theyve gotten so frustrated with Mitch Mcconnell. Train to the states are as high as this. The next session of congress between september and the end of that session. I think that makes or breaks the gop. It makes or breaks the term presidency and makes or breaks the party and republicans especially in 2018. It is that big. I do believe so. Your analysis is straight on. This is the opportunity. This is where the president has most logical capital. This is something the president clearly understands, knows how to talk about. He is very strong individuals in place who are helping to shepherd the process in congress. They do have shared goals. So now it is a matter of acting. Now it is that at least part of the legislation not sure if they can do the whole thing gets passed. That is going to be the biggest challenge we will see this fall. In addition to a jampacked schedule where you have the budget, which as we know. Ive got to run. Ive got a market to deal with. Ive got the president and congress over here. We are going to go up the opening bell. Lets get to the economy because for the first time in a decade, the worlds Major Economies outgrowing insync at the same time. Brian brandenberg is here, professor at the Kings College in new york city. I wouldve thought that was good news for us. It is. It is what got stock markets growing. We shouldve seen this years and years ago. True to cheer up, brenberg. We are starting on a decade day. Three points i presented the Global Economy is really not great. They have such high standards here. Europe is growing. Japan is growing. The problem is we are saying i cant remember thats how bad it was. Is a plus. 3. 5 . Prosperity is more than 4 across the globe. Europes Unemployment Rate is near 2 , though. Stuart its been 10 per generation. Lets all celebrate. You are on the show because i was delivering good news. I thought you might follow through on it. Do you think that this Worldwide Growth has got something to do with the dow going up 60 points . Of course. Stayed there and i will maybe come back to you. All of this serious stuff. North korea, kim jong sub one continues to ramp up, stepping up production of rocket engines and warhead tips. More on that coming up. The new galaxy a poll released yesterday. There it is. Should you go out and buy one of these things right now or wait for the new iphone to come out september 12th . Well ask a question today and get an answer, too. We have to show you this. You will love this. A mother and her two children do an interview on british tv news. They were supposed to be talking about milk allergies but the segment quickly went off the rails. Watch it and weep. Joining me now, youre feeling pretty safe. You are looking pretty fair. Now on the desk. Thank you for a much indeed for coming in. Now, foot tall just a few moments we will have a more peaceful time is 6 30. From all of us come a very good afternoon to you. Hi, bye. Flonase outperforms the 1 nondrowsy allergy pill. 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Guess we understand theyre ordering your rockets for the icbms and all of its kind ruling in the week after they again start to put out all rhetoric against the United States and south korea who we look at military exercises saying we will retaliate him and so on. It is a situation where he thought it was dying down just a little bit, but never. It appears they are. Train to if and when they launch. Thanks very much. Our next guest talking retail ice age here. There will be two, three big retail losers. They are jcpenney, sears and kmart. Former chief of walmart u. S. A. You say that these three companies are just going out. Is going to be tough for them. Theyve got a lot of work to do. Are you saying they are gone . They are going to fade away, go out of business, disappeared that bad . Companies that are differentiated today, that are not famous for something, stuck in the middle will find it really difficult to move forward. They are not the cheapest. Theyre not the trendiest. They are not the hippest. They dont have the most distribution points. They are losing their reason to reestablish the to continue on for the long run. I read your stuff and are saying online sales will eventually reach of all sales to, all retail sales will be conducted online. It seems like a very small number to me. Basso people would like you to think. Virtually everything will be influenced at online. They go pick it up. Get it at the corner of the drugstore. So there will be a lot of transactions that are enabled by technology and technology is critical going forward. They are going to go away, kind of like the dinosaur. Just not going to happen. Stuart is walmart emerging as the winner of the bricks and mortar stores, they are the ones emerging as the winners with amazon . Well, they had done very well. They reinvent themselves with acquisitions and strategy. Keep in mind, they peaked in operating income of 29 billion last year it was under 23 billion. Theyve invested a substantial amount of money and as long as they are bored and investors give them permission to do that, they will be very aggressive. Others havent done that and found a way to respond. Theyve done a good job. Bill simon. Another retailer with tattoo williamssonoma, better profit. Of 7 as we speak. Abercrombie lost 15 million. When you lose less in your stock goes up 13 in this case. Look at some of them old ladies. All over this story. He shares a name with a confederate general. Heres the latest on that. Espn has released a new statement, blaming everything on that amount. We will be back. Out type 2 diab. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Stuart breaking news. Senate Majority Leader Mitch Mcconnell speaking this morning in kentucky since tax reform will get dead this congress. That means this year. I think well be able to produce a much better tax code. It will make a huge difference to our country and it will be done during this congress. Stuart he said i think we will be able to do that. Different from pounding the table. No question about it. That is not yet factored into the futures market. Earlier we had the dow up 60 points. Now were at 56. They be bad news for mcconnell he think well get it done. Maybe that helps. Stuart its like saying i hope. How many times are they going to move the goalposts here . Just get it over the finish line, will you . Just do it. That is different from my thing. I stand corrected i guess. Stuart are you going to give me the sad trombone . Maybe ive made a slight error. Espn issuing a statement on robert lee controversy. There was a question as to whether in this divisive times roberts assignment will create a distraction or even worse to hectoring. Since robert was the primary concern he expressed some personal trepidation about the assignment. Ashley this is a this is the younger of his bosses come to them and says hey look, maybe this may not be such a good idea. What is he going to do . I better do something else. They are putting the blame. I see taking responsibility. What is that the pc panic . Thats another online. It doesnt study that much. I am kidding. It remains with us. espn wanted to protect him from espn trolling. You will get more attention than if they wouldve just let into the program. It will backfire exactly the way they wanted. Stuart ive got more news, more organizations, Companies Reporting their profits. This is for now. They gave a weak outlook and so the stock is down 7 . That is a very big draw. Lest we forget. Do you happen to know . Hawaii. Profit hit by lower coffee sales. Remember, they make folders. 112 down six bucks, 5 lower. Still holding onto a 6 gain. That is how the data will open in fourpoint five minutes. S p upcoming nasdaq up nicely too. We are going up for point ive minutes now. Parodontax, the toothpaste that helps prevent bleeding gums. If you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. Help stop the journey of gum disease. Try parodontax toothpaste. con artists. theyll try anything to get your Medicare Card number. So they can steal your identity, commit medicare fraud. What can you do . Guard your card . Guard your card . Just like your credit card. Nobody gets my number, unless i know they should have it. To protect your identity, new Medicare Cards without Social Security numbers will be mailed next year. Visit medicare. Gov fraud stay sharp people stuart coming up to the opening bell this thursday morning. The dow closed yesterday at 21,800 almost precisely 300 points away from its alltime record high. So you think we been up and down recently. Probably down that much, still 300 from 22 in change. We are about to open this morning come expecting a gain of 40, 50, 60 points. Stuart a momentary blip or a bear pit of 35 points. 35, 36. We open higher in here on the lefthand side, how about the s p 500 about the same mao. And the nasdaq with a bigger gain higher there. Weve opened up, good morning all across the board. We are. Sales down and its more kmart stores but because it lost less money than expected. Theyve got to know that if their market value. Thank you. I love being does. It is a technical term. Stuart lets have a look at apple. Expect they are going to reveal the new iphone on september 12th. We are walking up to the big reveal. Often in these cases, apple stock goes up as you approach the new iphone. We have this, too. The good senator from nevada, the republican member of the Senate Finance committee faced an overhaul of the tax code will pass this year on Christmas Eve to be precise. Early this morning, Mitch Mcconnell said he believes, he says tax reform will happen in this congress. Stuart what were they talking about . Ashley is here, loses here. Keith fitzgerald from bermuda. A full screen. Let me ask you this. Do investors believe that we will get a tax cut this year. F. They dont believe the Great Pumpkin will show up either. Ge has 30 billion of unfunded pension liability, 90 million. Investors lied about it every other day. I dont know why this is different. Trained to do investors believe we will get a tax cut this year . After mcconnell and heller stephen bigtime tax cut to Christmas Eve. That is a lastditch language that tells people its not going to happen. Stuart you know what ashley its not going to happen. The way things look based on what. I agree. It really does look like its running out. We are in for an extraordinary performance in congress and in the white house in september, october. They go back to their home districts of zero. Im looking at retailers as some of the bigname supporting their numbers this morning. Tiffany, sears, williamssonoma. They are on the screen. All of them up along with series, they are all love. The ones on the screen, would you buy any of them at these prices . These guys have against amazon. These guys are headed for the tar pit. I wouldnt bet on any company. Stuart dramatic stuff. I take it one step further. Anything they are doing is a hail mary pass and they are trying to give it to amazon. Works in mortar is dead. Do you think that . Bid 60 increase in online sales. Ashley brick and mortar is bad. I think they need to change their stores. It is still brickandmortar. Stuart what do you say . So what, if you buy it online and youre going to pick it up from you still initiated online. If youre going to pick it up and look at it online, you are still online. You still have to go there, but it is coming with even three quarters of sales within five years. At the revolution in retailing. Five and a half minutes into the trading sector. U