Varney & Company : FBC : June 27, 2024 10:00am-11:00am EDT : Free Borrow & Streaming : Internet Archive (2024)

stuart: i've got a feeling tonight's the night whether it is good for trump or good for biden. something happening tonight. 100 million americans will be watching. like i said earlier i might stay up late for this. lauren: got to see it. don't think you can do that. stuart: i am thinking of taking a very early nap, sleeping as long as i can and waking up at 9:00 to watch the debate. we will see. enough of my personal habits. good morning. it is 10:00 eastern time. straight to the money. we have all turned green, the dow was up 17, the nasdaq is up 53 points. the 10 year treasury yield had

been going up. now it is going down a bit, 428. down a little. maybe that is helping the market. price of oil $80 a barrel, near 8169. bitcoin struggling a little but moving, 62,000 grand for one point. we got the latest read on pending home sales. more news on the real estate industry. lauren: the deal not close, they fell 2.1% in may and fell 6.6% for last may but i offer a glimmer of hope from the national association of realtors, rising inventory, lower demand which means homes might become more affordable if prices come down. glimmer of hope, trying to be optimistic. stuart: thanks. now this. biden's open border has let

loose profound problems, feeding, housing, educating and caring for millions of people, stretching us to the limit but there's another growing problem beginning to surface and for biden it is an electoral nightmare, talking the terror threat, major attack with illegals, us intelligence officials received information 400 migrants from central asia have entered our country using a human smuggling network linked to isis. that's the terror group knocked out by trump which reestablished itself under biden. the fdi wiretapping, arresting 8 from earlier this month, using extremist rhetoric. and killed 139 people at a concert in moscow. 40 people from central asia and or america into may.

and the department homeland security technology procedure were not fully effective to screen and vet noncitizens applying for admission to the united states. it a ticking time bomb. major incident and the terrorists know it. they can dictate the timing to maximize their political impact, they are running the show. we are hoping to catch them first. this is another terrible consequence of biden's open border and a direct threat to his reelection. second hour of varney just getting started. all right. the terror threat from the southern border is a ticking time bomb and you are not going to disagree with me.

>> this is terrifying. it shows the complete incompetence of the biden administration to have these people, the bloodthirsty group, could be across the street from us right now and the question, in philadelphia, with all these people, 350 or so. why we not seen explosions all over the place. if they did something small it might set them back. it is more horrifying. would they rather do something for the election to hurt biden or be quiet and wait until after the election? and this is all speculation. we don't know. it goes to show what a disaster president biden and company created at the border. it comes in including hundreds of terrorists.

stuart: squad member cory bush in missouri trails pro-israel challenger wesley bell. the same money from aipac, the jewish lobbying organization that pushed jamaal bowen out going after her. these -- this raises to me, they exposed the rift between people of color and jewish people. why are so many people of color in support of hamas? >> with some folks, the idea that you have the oppressed and the oppressors and jews are the oppressors and palestinians as people of color are the oppressed, there needs to be some solidarity there. in this particular race, one of the most consistent primary voters, a survey that took

place a couple days ago, the opponent of cory bush leading by 10 points. in 3 of the most recent primaries, these were hard-core democrats, the base of the base. those people are objecting, maybe this suggests things of gone so far to the left of the most left-wing people in the place of st. louis are saying cory bush has taken a too far. we need to move it back. stuart: has the left taken a hit with the defeat of jamaal bowman? >> they have. they were on a roll with aoc and the squad and other folks. with jamaal bowman being a setback into the private sector may be it's just the pendulum has swung as far left as we will see. stuart: thanks for joining us. we thank you. of the new york times released a piece that was originally titled bowman falls and house primary overtaken by flood of

pro-israel money but they changed the headline. lauren: to change less anti-semitic, bowman to vladimir in a loss for progressive democrats. and those progressive democrats are slamming aipac's 15 million funding of anti-bowman ads for stealing the race. the founding squad member, aoc, said let's look at how this republican financed organization is playing in a democratic primary, don't democratic organizations do the same in republican primaries? the new york post editorial board says bowman's double-digit loss does not mean the democratic party is moving to the sender. they would disagree with -- i disagree too. don't be fooled, the far left is still rising and setting democrats agenda. i am still encouraged by it.

i think the pendulum swung a little bit too far. stuart: i just want to know why so many people of color oppose is real, oppose jews. that's a fundament of fact especially -- i don't like it. lauren: is that young people of color overwhelmingly? is is it something they learned in school? stuart: we should have a poll. check the markets. across-the-board not that much of it. again for the nasdaq, 32 points. gary, will tonight's matchup move the market? >> normally i would say definitively know. these two are so polar opposite on the economy and how much government should be involved in the economy with regulations, fees, fines, taxes, that i do think it could

matter depending who comes out what seems to be the winner. stuart: what would you want to hear from trump tonight? >> if i was the candidate i would be yelling and screaming that president biden in other four years wants to raise long-term capital gains from 20% to 44%, unrealized capital gains 25%, get rid of the trump tax cuts which by the way janet yellen, our treasury secretary, the guardian of our treasury says the tax cuts are a problem. americans keeping more of their hard earned dollars is a problem that needs to be in their coffers and that will be good news. i would be yelling about people keeping more of their money and getting it out of the hands of government which by the way is running $2 trillion plus deficits now, the cbo came out

and said $56 trillion in debt over the next we 10 years while biden says he is cutting debt and deficits. there's a case to be made and hopefully he makes it. stuart: sounds like you want trump to win the election and when the debate tonight? >> economically i cannot begin to tell you how far and away i would rather have trump and i'm hoping presidentially i hope he gets a lot better going forward. stuart: thanks, see you again soon. looking at the movers. not the spice girls but the spice people, more karmic and company. neil: strong demand for spices and seasoning, not in the us but elsewhere. stuart: it's a market. arrester networks.

lauren: helpful for artificial intelligence. citigroup agrees with that, they raise their price target to 385 from 330, increasing ai opportunities. stuart: revi in. lauren: company's investor day is underway, stock is down 5.5%. this is 24 hours after the $5 billion cash infusion from volkswagen. investors say that's great. what progress that you are cutting costs, not losing $40,000 on each ev truck. stuart: show me. google is testing a new security system at its seattle campus. do we know exactly, facial recognition. lauren: they will compare facial data on every person entering the building with the id badge they have. it's just a test but it is landing at a controversial time. companies including google are adding ai across their product lines.

how can that influence identity software, can you full it? what images does it have on you? privacy concerns and dollars. reports say you can't opt out and google worries unauthorized access will be stolen which is why they want to do this but with all the goodies the bad and fear of privacy invasion. blue when do you use facial recognition? lauren: i don't. i'm the only person in the world who never has an upgrade. stuart: you may think it is strange but i do use facial recognition. now this. the biden administration announced new plans to lower housing prices, afford a housing is a top issue for young voters. doctor ben carson worked as housing secretary for trump and he will react to biden's housing pitch coming up. tonight is the night, donald trump and president biden squaring off in the presidential debate.

grady trimble has a preview. these next. ♪ ♪ ♪ the only limit is the sky ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®. everybody wants super straight, super white teeth. they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product.

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stuart: green inc. dow is up 30, dow is up 69 points. microsoft, amazon, alphabet, big names, all of them reaching all-time highs. amazon 196, alphabet 185. croissant 3 trillion.

tonight is the presidential debate between trump and biden. grady trimble is in atlanta. what is the atmosphere like? >> reporter: eager anticipation for tonight, looking forward to hearing from the candidate individually but we are waiting to see what their dynamic is like to get there. these two men have shared the same stage in four years. is what the trump campaign says to expect. >> he's going to talk about his vision to secure the southern border, rebuild our economy, rebuild the military, get us out of these wars that president biden created. president biden is practicing a lot of 1-liners. he will need more than that to defeat donald trump tonight. >> reporter: we will be listening to what the candidates say but we will be paying attention to have a say it. trump, will he carry himself in

a way that seems presidential that can win over undecided voters? for biden can he prove wrong people who say he's too old when he's up there was no prompt teleprompter and no prewritten notes for 90 minutes straight. new gallup polling shows trump has the edge in the age debate. voters are twice as likely to say biden is too old to be president compared to trump. that said, biden's campaign says he is ready. >> one of the things is it is an opportunity to breakthrough a larger slice of the electorate that hasn't been paying as much attention as you and i have, to talk about the record of accomplishment. >> reporter: one of the biggest issues top of mind for so many voters is the economy. the trump campaign is out for

new ads in key battleground states during the cnn presidential debate. the economic question the trump team is posing is are you better off financially since biden became president? we will hear more from the former president on the stage tonight. stuart: are you better off four years ago? i remember that line from 40 years ago. donald trump phoned into the black american business leaders roundtable in atlanta. congressman byron donald's was there and asked trump if he thinks he will get a fair shot from cnn tonight. >> do you think you will get a fair shot from jake tapper tomorrow night? >> it would be good for them if they did it. i think probably not. am i getting to get a fair, probably not but it would be very good for cnn to have a lot of ratings problems, it would be very good for cnn in terms of its credibility. it would be interesting to see.

stuart: doctor ben carson joins us. do you think trump will get a fair shake from cnn? >> pretty obvious they won't get a fair shake. cnn used to be a highly respected news organization. they become a propaganda wing and it is sad to see because the media is supposed to be the source of information for the people so the country can be run on the will of the people. when the media puts its foam on the scale and distorts the system as it was designed, so trump will handle it just fine. he was made for the situation. i don't think, to explain the biden policies, why they are good. stuart: you spent a lot of time

with trump recently. what version of trump will be see tonight? angry and aggressive or more passive and conciliatory? >> i think he recognizes biden will hang himself given enough rope. just let him talk and i think that will take care of itself quite effectively. i think you will see a trump who will be focused on the things that he has done. he has a record to run on and so does biden and being able to compare those two records should be very telling for those people who don't normally pay attention. stuart: you are a famous doctor. like everybody else, you will be looking at president biden to see signs of aging, of cognitive decline. that's the first you're going to be looking for, is it not? >> no question that's going to be high on everybody's agenda.

even if he has state of the union type night, it still going to be interesting to explain away the things he has done an trump will hold his sheet to the fire and say why is it you've been around for the last many decades, why are you suddenly now interested in the southern border because an election is coming up? i would like to hear his answer to that. stuart: would you like to speculate, to make sure he's jacked up in the performance tonight? >> there are a number of drugs that can be used. they are used in the diplomatic corps when people have been up for long periods of time and have an important meeting and their biological clock, there are things you can take the will release bring you to the point. stuart: that sounds like

amphetamines to me. >> that's a popular stimulant but there are a number of medications that are useful. stuart: an important insight into the goings-on tonight. doctor ben carson. do not be a stranger to this program. now this. a warning about a new scam targeting people who use the self checkout lane at the grocery store. what is this about? ashley: some crooks place a card skimming device in the self-service file of a grocery store in atlanta. and pins from credit, debit cards and criminals created fake cards on victims accounts.

a store employee tipped off police. investigators saw two men placing the devices in those checkout registers. is believed the skimmers had been stealing information from customers for four straight days. police released the images of two suspects believed to be responsible and there they are along with a $2,000 reward, one of them holding some flowers and the other empty shopping cart. ashley: stuart: now this. greens going after cows and pigs. denmark will start taxing livestock farmers, the greenhouse gases their animals emit. take a look at this op-ed. the green energy transition that wasn't. governments pushed heavily, subsidized renewables, fossil fuel use continues to increase even faster. climate guy mark more andno next.

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every day, more dog people are deciding it's time for a fresh approach to pet food. developed with vets. made from real meat and veggies. portioned for your dog. and delivered right to your door. it's smarter, healthier pet food. stuart: we received the supreme

court ruling on purdue pharma. lauren: it blocks the maker of oxycontin's settlement the latter reorganization in bankruptcy, that included legal protections for the sackler family that owned perdue. bankruptcy court does not have the authority to release the family from their legal claims. the bottom line is settlement talks for family that lost loved ones because of oxycontin, those talks are beginning. stuart: check the markets. some green on the left-hand side. nasdaq up 60 points. some of the movers on the market. have a look at google which is up 1%. lauren: they are announcing new ai opportunities. specialized third-party data looking at moody's, services we use here at fox business to put their data in their ai systems. stuart: walgreens had a 27 year low.

this has something to do with locking everything up in the store so you've got to go to amazon to buy it, that has something to do with this. lauren: the customer pulling back, not finding what they need in stores, one quarter of their stores are under review for changes including closures, major issues with their pharmacies. 27 year low. stuart: boeing. what's the story? lauren: they can deliver dreamliner's and cargo planes to china and this does not include the deadly crashes a few years ago. stuart: next case, the op-ed in the wall street journal, quote, the green energy transition that wasn't, heavily subsidized renewable, but this continues to increase even faster. climate guy, fossil fuel use is expanding even when green energy is so heavily subsidized.

okay. we got an audio problem. now this. i'm intrigued by this one. space x is offering investors shares in the company. how much would each share go for and what's the total valuation of space x? ashley: more than 200 billion according to bloomberg, the insider share sale that would value the commercial rocket company again, $200 billion. space x has been riding a wave of successful including multiple crew launches and vanilla contract to bring down the soon to be decommissioned international space station. the report says each space x

share, not easy to say, higher-than-expected one hundred $12 meaning the transaction would value the company right around 210 billion. the size of the share, has not been finalized yet and will be determined based on existing shareholders and outside buyers. stuart: another mask creation. still ahead, jamie dimon slamming schools in america for failure to prepare students for the workforce. the school to job pipeline is broken. a liberal county attorney, dropping charges on 79 people, arrested during hamas protests, charges drop. mike tobin has the story after this.

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stuart: charges have been dropped against dozens up rojas protesters at the university of texas. these people trespassed on campus, cause chaos and are getting off scott free. is that it? >> pretty much. destined to draw more, liberal prosecutor in austin, texas dropping charges, arrested on the university of texas campus in late april. protesters set up tents, to barricade themselves and cases being dropped against 79 of them charged with criminal trespass. the decision to drop the charges was based on evidence the state would not be able to meet the burden of these cases but she was opposed to leaders

who authorized massive protesters. >> the decisions that were made in response to these protests continues to show a lack of leadership. we expect from our elected leaders as they continue to prioritize extreme government overreach over public safety. >> reporter: the district attorney put into office by liberal donor george soros. their policies reflect that and texas law enforcement will continue to crack down on protests that cross the line. >> what happened was illegal, violation of a law that i signed is governor, violation of university policies and we will continue to enforce the law of the state of texas and 0-tolerance for disruption on campuses. >> reporter: university of texas expressed disappointment with the decision to drop the

charges saying the violation should be met with consequences, not politics. stuart: jamie dimon calling out colleges for failing to prepare kids for jobs. is he just saying the school to job pipeline is broken? what is he saying? ashley: he is indeed, schools are failing students by providing inadequate instruction and secondly not focusing enough on getting their graduates good jobs. the banking ceo says when they hire recruits these days they have to train them and jamie dimon founded the new york jobs council, a nonprofit that helps schools and companies create curriculum and training programs to place workers into high-paying jobs especially from low income communities. ceos and companies have a responsibility to, quote, lift up society.

of whole parts of society are left behind it is a huge mistake for the entire country. stuart: a woman says she was kicked off her united airlines flight for accidentally miss gendering one of the flight attendants. ashley: jenna long gloria, her 60-month-old son and mother were attempting to board a united flight to texas when she made an egregious mistake, she referred to a flight attendant as a male using the word server. listen to this. >> united airlines, waiting for our flight from san francisco to austin and the flight attendant denied access to us because he said i made a derogatory comment about one of the flight attendants because i didn't use the right pronoun and they are permitting us to get on the plane. i am with my son. he's 25 pounds, i have been carrying him for 30 minutes. they denied us boarding.

i don't know about this situation. this is ridiculous. ashley: the flight attendant in question identified as a woman. long gloria and her family was stopped from boarding following a discussion about having too many carry-on items. long gloria says that is an absolute lie. the united rep told her she was being denied access because of what she said. ashley: stuart: moving on. check the big board. where are we? moving up, the dow is up 114 points. there are plenty of dow winners, topping the list we have sales force, nice gain. boeing, amazon, jpmorgan chase on the winners list. the s&p 500 winners list headed

by mccormick, the spice people, palo alto networks and salesforce. the nasdaq winners headed by adobe, craft share. did i get something wrong? let's get back to this was the op-ed on the wall street journal, green energy transition that wasn't. mark morano is with us. why is fossil fuel use expanding even faster even when green energy is so heavily subsidized? >> there are many reasons. the key reason is the endless demand for power from nations across the world including increases in demand from developed world, industrialized world and the developing world and china is leading the way with these massive increases of use of fossil fuels.

the reason, you can go back, spend $2 trillion in 2023 alone and that is on top of you can estimate hundreds of trillions if you go back to the 1980s when trying to transition our energy began but the more energy you have the more energy you use. they've done studies on food, more food available the more you use. subsidizing solar and wind compared to fossil fuels, the energy demand more than that. the idea of transitioning energy to solar wind and getting us off fossil fuels, lowering emissions is a nonstarter. it has been a nonstarter for decades. i've been to these summits all over the world and you can look at charts that show co2 emissions continue to increase no matter what year the united nations summit or the paris

agreement or the kyoto accord. we flushed trillions of dollars down for an energy transition that isn't happening. here's the kicker. it is probably easier to transition your gender than it is your energy from fossil fuels to solar and wind. it is very difficult to do. stuart: in denmark they've got a tax on farm animals because they are gasy and co2 -- >> methane. this is part of it. the whole net 0 agenda, soviet style central planning, intentional rationing of energy, freedom of movement, going after cars but when it comes to food, trying to ration not only the fertilizer, nitrogen based go after high-yield crops but going after animal agriculture. one of the reasons the netherlands were coming after

methane so denmark is doing this. they are doing it to transition everyone to plant-based meet. they are trying to make regular meet more expensive so you tax cows, pigs, sheep, raise the cost like airline taxes raising travel. they are coming after cheap and available forces through this plan based lab grown. stuart: coming to a hard break. more varney after this.

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for more watching and less spending... x marks the spot. do it all on the network made for streaming, and bring on the good stuff. stuart: the dow is up 111 points, the nasdaq is up 20 points. the cnn presidential debate is tonight. on the upside, apple and nvidia is down a little. it is well above it, 2.8%. they are moving up from there, 471. the time is 10:51, time to bring in brian kilmeade. who do you think wins?

>> donald trump is going into a presidential debate leading. everywhere he is up and the new polls up for 5 points. and goes into the mindset where he has issues on his side and spoke to somebody who spoke to him this morning. and his in the right mindset, it is not necessarily trump when or lose. it is deliberative. president biden will come out like donald rickles. he will have one liners that will fall flat because he's not a funny guy. one liners for politicians, and they leaped out that he's been working on. stuart: this is so important, could decide the election.

>> what will stop the momentum, july 11th. and the finalists with the vice president is not radical. and a couple pluses and minuses but that won't be radical. the rnc won't be, and better than ted cruz will endorse the candidate. that is it. this immunity coming from the supreme court and next week. there is no more court cases through july 11th, this is the june d debate, i don't see trump throwing it back to president biden because too much at stake for him personally. stuart: is a funeral service for jocelyn mulberry, you interviewed texas governor greg abbott this morning. what did he say about this?

brian: it is an expert but and an expectable. and and and they did this horrific crime. the banks does that were not here and should have been. and one person whose policies, more illegals to come in at any time in history. and the border is secure. he let's these criminals in. 400 isis recruits to be through the border, the human trafficking program, i suspect in. he denies is a problem and is

proven a liar and advocate borders couldn't help. it is up 40% since executive order, out. and can't take blame for it. and not tell anyone you live for the last 3 years. and don't tell us 400 isis central agents came here and not dangerous. of the one that are taking time bomb. and they come to america before the election. and this is 30 seconds to you. >> you can tell the american people out terrorists. and we know about hamas and hezbollah. we know about, and the taliban, in afghanistan, we know who is responsible for abandoning that.

and don't need to be a navy seal, and the attacks happen since, what they are fighting for overseas and now we have pulled back. and we don't need your lead on this. we want it is a big night. kevin o'leary on biden's plan, on greedy corporations. were on endangered -- governor newsom giving a fear mongering speech during his state of the state address. joe concha on bill maher calling out the left's anti-common sense. it is turning voters off. the 11:00 hour is next. ♪

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or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. what will you do when the power goes out? power outages can be unpredictable and inconvenient, but with a generac home standby generator, your life goes on uninterrupted. because when your generac detects a power outage, it automatically powers up, giving your family the security and peace of mind they deserve. we don't have to worry about whether we lose power or not. if the utility company does not come through, our generac does.

after the hurricane happened, we just want to be prepared for anything. 8 out of 10 home generators are generac, with thousands of satisfied customers. number one thing to prepare for is extended power outages. don't make it so hard on yourself, have a generac home standby generator. and owning a generator is easier than ever. special financing and low monthly payment options are available, and if you call now, you will also receive a free 5 year warranty valued at over $500. call or go online now to request your free quote.

>> tram's challenge tonight is to appear to be the steadier hand on the wheel.

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