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tv   Varney Company  FOX Business  August 17, 2021 9:00am-12:00pm EDT

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>> final thoughts. steve forbes. >> afghanistan will affect our security and the world economy. this is a big disaster. >> the the afghan story have legs with the mainstream media beyond this week or do we say nothing to see here? cheryl: "varney and company" up now. stuart: we deal with latebreaking news from afghanistan, it is not good, the taliban and receiving kabul airport and they are not letting anyone in. thousands of afghans are locked out of their only means of escape. american troops on the ground, getting people out. that is a tense standoff.
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the russians claim when the afghan president fled the country sunday he took four suvs and helicopter full of cash? does it remind you of the plane out of cash president obama delivered to the iranian's. a message, the female mayors said, quote, i am sitting here waiting for them to come. and they will come for people like me and kill me. that is the late news. reaction to the president's speech, for the debacle in kabul, took no responsibility for the chaotic, incompetent withdrawal. the wall street journal rights he is determined in retreat, defiant in surrender and confident in the rightness of consigning the country to giardia rule. the rule of the taliban and is
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playing out, the political fallout from the president's speech, stocks a little if any response, the dow closed at its 30 fifth record high for 2021, the s&p had its 40 ninth just this calendar year. we are looking at some red ink, disappointing retail sale down one.one% in july compared to june. the dow will be down 180, home depot seri doug - taking 75 points off the dow. disappointing results from home depot, the dow is down 180. the s&p, nasdaq showing reading. bitcoin moved up 70,$000, 46855. covid news, calling for vaccine booster shots eight month after the second shot is administered.
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sound like shots forever. starting today you can't go into a restaurant, bar or gym in new york city without proof of vaccination. this is contentious stuff. 70% of black people in the bronx are not vaccinated. they are excluded from restaurants, bars and jim's, new zealand goes backwards, one, repeat, one new covid case surfaces and the prime minister locked down the whole country for three days, the biggest city locked down for five days, just one case. i promise a big show in august of 2021, "varney and company" about to begin. got to get right to this, president biden is back at camp david, after his speech on afghanistan.
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in that speech he took no responsibility for the disastrous fall of kabul. watch this. >> when i came into office i inherited a deal donald trump negotiated with the taliban and. i stand behind my decision. i am president of the united states of america and the buck stops with me. americans cannot and should not be fighting in a war and dying in a war that afghan forces are not willing to fight for themselves. stuart: we have with a sandra smith, news anchor with fox news, bret baer is talking to sources who said the taliban and surrounded kabul airport not letting anybody in. this is a flash point for today. you are going to be reporting on it. >> all those innocent helpless afghan civilians, some dropping to their death yesterday on that air force plane, that sticks in our head but we have
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seen so many times but according to bret baer's reporting, that has been in contact with the american commanders on the ground the taliban and have a ring outside the airport, will not let anyone inside that ring, the source says the 80 second airborne is securing the airport but the big issue here is no people outside the taliban ring will get in. what a mess. stuart: tens of thousands of people who helped us want to get out. we have american citizens, american journalists who can't get to the airport to get out of afghanistan. that is an extraordinary situation. >> the world tuned in to listen to president biden at 4:0 one eastern time, not a primetime address, had to call him off of vacation at camp david, did not take questions.
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he spoke for 18 minutes and we won't be able to queue the words of this president for many years to come. q the tape, he will never blame his predecessors for what falls in his lap, that was candidate joe biden, he said the buck stops with him in that speech yesterday. it clearly did not. look at the talking points, speaker of the house nancy pelosi is circulating, we planned for every scenario. how do we get these people out of the air. of the 3:00 yesterday we knew only a couple hundred had been evacuated, and talking about thousands that need to be evacuated in harms way of the taliban. i asked lindsey graham when this was unfolding, we will get an update from the pentagon a short time from now, will we see a congressional investigation into this decision? jack reed, chair of the armed services committee, democrat is
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saying that will be needed. he wants to have a hearing but first and foremost lindsey graham said the same thing, we can talk about that later) evacuation is priority. stuart: that is a mess and it is on president biden. day there for a second, what is happening with your money, this is interesting, the s&p has doubled from its pandemic bottom that it hit in march of last year. good morning, thanks for the hard work. was this the fastest bull market doubling the run up? >> 354 trading days to double from pandemic low of march 20 third 2020 when it was at 2237 to yesterday's record close of 4479. it is a highly questions, maybe unloved bull run but supported
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by fundamentals and those fundamentals are corporate profits and earnings reports that are strong but so many companies boosting their outlook what they think of the future. stuart: as a former trader, you made your profession -- >> lives in the world of geopolitical risk and right every market when we saw uncertainty abroad. i was digging through analysts, the cornerstone macro stood out to me calling it the catastrophe in afghanistan and while they point out the events in afghanistan won't have direct impact on financial markets because they -- their economy is too small but it has ripple effects this successful blitzkrieg on behalf of the taliban will increase geopolitical risk and hurt biden publicly which could threaten his legislative agenda, democratic hopes to retain the house and senate, midterm election next year, it will play a big part. stuart: lauren? >> it changes his domestic spending agenda because he has
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different priorities to focus on but unbelievable that the market was down 300 points looking at the dow yesterday and record highs. stuart: i will take you both on. i disagree. i think president biden will look for ways to attract voters with this debacle in afghanistan. what he will now push for is $3 trillion of extra spending, by votes, by the electorate back again. what he got to lose? how else would get the voters back? >> watch the strength of the us dollar in general jack keane talks about diminish us influence stuck with me. have we laid into the narrative of china and russia yet? already in the world stage saying the united states is in decline. you have to ask the question. stuart: thanks for being with us. we will see you again. >> i thought about you through a lot of this week you traveled to all these parts of the
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world. top of the hour i have mike pompeo and nikki haley joining me, they are outraged. mike pompeo, sending 5000 troops back in after he withdrew a couple thousand of them is proof you are disconnected from the reality on the ground and not serious about protecting americans. stuart: we will be watching, appreciate it. another big story is the july sales figures. it was down one.one% compared to june. >> it was a big drop. a lot of people say it is because of the delta variant. delta variant fears show up in august numbers, the stimulus checks impacted july, retail sales captured the first part of the month, delta concerned later. retail sales for restaurants and bars up one.7%.
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auto parts was on ship shortages for the most part. stuart: there were two dow stocks, walmart and home depot, that is i am seeing red ink. >> let's do walmart first, stock is down $0.54, revenue $141 billion in the quarter, 5.2% growth and why aren't they investors and friends. even though e-commerce since the pandemic for walmart and it will reach $75 billion by the end of the year. wall street is discounting it because we set high expectations. stuart: home depot, how far down are they.
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>> that is the dow is significantly lower, compared to last -- missed for the second time in quarters. they go on vacation instead. the number of transactions fell because the size of those transactions, overall revenue $41 billion. stuart: the dow hitting a record high yesterday, the afghanistan border, crime, inflation is bad. futures down 200 for the dow, donna hundred for the nasdaq composite and there was this, senator rick scott raising a serious question, time to decide whether president biden
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should be removed from office over the collapse in afghanistan. senator ted cruz said our exit is an embarrassing spectacle but when he agree with senator scott, remove him from office? i will ask the senator joining us later in the hour. the administration recommending booster shots for all-american, does that mean covid shots forever, i will ask doctor matt mccarthy next. centrum multigummies aren't just great tasting... they're power-packed vitamins... that help unleash your energy. loaded with b vitamins... ...and other key essential nutrients... ...it's a tasty way to conquer your day. try centrum multi gummies. now with a new look. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. if i could, i'd ten-x everything. like a coffee run... don't just sell it. ten-x it.
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0.9%, futures, the administration is going to call for booster shots for all americans. it should be eight month after you are fully vaccinated. doctor matt mccarthy joins us now. do you think this is necessary? >> one of the stories that is going to fiercely divide americans. they boost their immunity. a lot of people saying you've got to be kidding me. another shot. to give you a little background, they are seeing waning immunity after 6 months especially in the older population. the administration is looking at what is happening here and free paired for the fact there's going to be a booster shot. that is specifically targeted to older people. i don't think healthy people need a booster shot.
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i will cautiously say more to come on this. stuart: the impact on society is we have to have shots forever, recurring shots, it's not going to be popular and it will divide people. >> the question is what are these vaccines designed to do? the initial stories they were designed to prevent hospitalization and death, and in may the cdc said not only can they prevent death but also transmission and then walked the statement back a few months later. when they tell us we need a third shot we need to know the rationale behind it. because you are trying to prevent transmission or hospitalization and death because the data about preventing hospitalization shows we don't need a third shot. that is an argument that plays
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out the next few months. stuart: how concerned should we be about youngsters, kids getting sick? is that an area of concern? we are running lots of news stories about cases in young people. >> controversial questions today, 5 different doctors you will hear 5 different things. is the delta variant causing more disease in kids, you can point to cases in georgia or florida, look at these kids in the icu and fewer pediatric hospitalizations per day and less pediatric disease, 18 new cases a day versus 29 in the winter. you would think of this is a more virulent form of the virus we would see a rise in pediatric cases across the country. that's not the case. we are seeing in states that are very hard hit there are
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lots of pediatric -- this variance may be more transmissible so kids are getting reinfected and that is leading to some ending up in the emergency room. stuart: see you again soon. cvs and walgreens, immunocompromised and the booster has arrived. state street, the financial firm, leaving new york. they are behind the famous girl statue. >> the charging bull, from the state street. stuart: are they taking the statute? >> the boston firm is shutting down to midtown manhattan.
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the message that state street is spending closing those offices is why be in new york and pay those taxes. stuart: my sentiments entirely. stuart: why come to midtown manhattan when you can have an elsewhere elsewhere. >> not saying they are doing this. no one wants to make less money. stuart: they have a plan for getting back to work. do they require jabs to their employees. >> 6000 of those, started the end of the month, they are talking to the unions, recommending the requiring vaccinations
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stuart: the push is on. check futures, on the downside, 200 for the dow, 100 for the nasdaq, "the opening bell" is next. ♪♪
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stuart: let's bring in david lefkowitz. the pandemic low, march of last year - since then. that is an extraordinary bull run. you think it can continue straight up from here. >> definitely we think there are more gains ahead. it has been a remarkable rally but if i look at the situation today consumers are in good shape, jobs 24, consumers saved cash during the pandemic that is being deployed and the business side businesses are scrambling to keep up with demand and doing well, record
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corporate profits, ton of cash that they are investing in new equipment and the fed is the other crucial part of the equation, they are taking baby steps towards tightening monetary policy but we are nowhere near tight monetary policy was accommodative central bank, stocks should go higher. stuart: i'm paying close attention to what is going on in britain. they bit the bullet, got rid of all reservations and all restrictions so to speak and their caseload has started to go down. i've got a suspicion a lot of analysts like yourself are looking at the brits and thinking the same could happen here but maybe the caseload goes down. we see the other side of delta. what do you think? >> you bring up a good point. not just the uk but similar things in spain and portugal. clearly india is better, they put through a significant
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restriction on activity but we are well advanced in the most recent wave of covid. hard to say when it will crest but it should be in the next few weeks. the reopening of schools may cause a delay or uncertainty and the market is focused on that. as soon as we see the wave crest you will see not only the market but folks rotate back into more cyclical areas like energy financials, industrials that have been laggards the last couple months. stuart: when you wake up in the morning are you nervous about saying the market will keep going up? do you get nervous when putting out that kind of things? >> of course. we are aware of the risks.
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the pandemic is the big one. if we thought inflation become more problematic the fed would have to respond to that and that would change our view. the us economy is booming and what is on the other side? will it be a bust? we don't think so but it is something we are watching closely. stuart: david lefkowitz, we will see you again soon. trading begins the could is 930 on tuesday morning. we expect to see a lot of red. we have a screen showing 30 dow stocks, 27 of them are in the red and only one of them is in the green and the dow opened with a 270 point loss but look at the level, down to 35,341.
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look at the s&p 500, it's 40 ninth record of the year, only backing off 0.6% this morning, that is the s&p, the nasdaq down sharply, 135 points. imagine the technology stocks are taking it badly, nasdaq down 0.9%. all retailers having problems because retail sales down compared to june. not a good outlook for most of the retailers. home depot and walmart came through with their earnings, home depot taking it on the chin, down 3.8%, a smaller loss, one dollar and $0.16, a closer look at walmart, they are expanding their virtual payments to incorporate crypto.
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>> everybody is doing this. walmart, hiring crypto currency expert to develop their strategy and identify what customers want and translate that to partnerships and product services, digital assets are the future, you have a broad set of payment options. stuart: making its entry into the mainstream. >> can't get more mainstream than walmart. and -- >> the pay to play numbers missed the target. kids can buy the in game stuff. it is 160%. it is a slow down. why are they slowing down. kids are going out as much as they were last year.
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stuart: wishes and online shopping service. we are told users are fleeing this online shopping place. >> they are going back to brick and mortar, you don't need an apps to shop, you won't use it as much. if you look at the apps, down in the double digits in the quarter. they are aiming for a turnaround, stock was at 31 in february and that is ugly. they did hire two google executives. we will see if they can make this turnaround but it is not looking good at all. stuart: the dow is down 300 points, it is a selloff, spirit airlines, telling you about massive flight disruptions, spirit canceled 2800 flights between july 30th and august 9th. they say it was a meltdown and
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the meltdown cost $50 million, and a great deal of passenger goodwill. tesla, investors investigators looking into their autopilot system. >> a series of crashes and we might see regulations come down on tesla's autopilot system where the sensors have trouble identifying things, a traffic cone, there were 11 crashes, 17 injuries and one death being probed. it's just a probe but they are linked to the driver assistance program. tesla is down for the third day, >> tesla at 669, the dow winners, there will be some but not that many but united health is at the top, merck, procter & gamble, their winning issues, they are not winning by much. the s&p's top game is kroger,
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the grocery store chain and lily in second place, nasdaq composite. looking for big tech, no longer on the big winner list on the nasdaq, that is headed by regeneron which is at 0.7%. not many winners today. you are looking at other movers, ali baba down again, what's the problem. >> chinese forgiveness come knocking once again. they are out drift draft rules that encourage fair play in the internet sector. these rules do make sense. they want to cut down on unfair competition, personal data but regulation from beijing hitting the biggest players. stuart: and ever. what do they do? >> they own ultimate fighting
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championship, they are big into live entertainment, sports, they put out great numbers and stock is up 5%, they raised their for your revenue outlook as well so investors like to see that, they say people are wanting to watch their on demand programming. stuart: it is not for me but i'm not an ultimate fighting kind of guy. can you show me the stock now? it is down 149 on air b&b. >> they have restrictions for halloween to enforce -- they don't want you to rent a house and have everyone dress up and invite too many people to celebrate one of the most fun days of the year so they put restrictions on it and with the delta variant, that is what companies are doing. stuart: it will hit air b&b because of the delta variant. a check of everything, big board down 258 points, 10 year
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treasury yield is one.25%, gold, what do you say about gold? $17.91, safety play but below $1,800 an ounce. >> the stocks are up on the dow in the s&p so investors playing defense. stuart: i will take your word. bitcoin was at 47,000, now 46-numfour and oil, always interested in the price of gas, oil at $67 a barrel the average is 318 across the country. in california it is 440 on average, california, mississippi, cheapest, lowest average price for regular 279, what a difference. after 6 days of silence president biden addresses the chaos in afghanistan. he speaks for 20 minutes, takes no questions, hopped back on marine one, this is the president of the united states, blamed everyone but himself,
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won't take responsibility, that is part of my take coming up at the top of the 10:00 hour. cnn's chris cuomo back on the year, did not apologize. he did defend his actions during his brother's scandal. >> i'm not an advisor. i'm a brother. i wasn't in control of anything. i was there to listen and offer my take. i tried to do the right thing and i want you to know that. >> brian gill lead is hot under the collar about cuomo, biden, afghanistan, crime, the border, you name it, 1051 to be precise, kilmeade will appear. ♪♪ ♪♪ i am a full to do your dirty work of yeah ♪♪ i don't want to do your dirty work ♪♪ no-no ♪♪
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and home depot the dow stocks
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so when it goes down as much a take dows off of the dow. 110 points to be precise. at the delta variant spreads, big companies are holding onto a record amount of cash. i thought they were supposed to go on a spending spree. >> the spending spree is starting to happen but cash hoarding has been happening all your, $6.8 trillion is held in cash, 9 billion, united airlines 23 billion, it is a comfort for investors and the fact they can manage but goldman sachs put out a report yesterday, look at mergers and acquisitions, look at it spending as people work from home so companies are holding this cash and starting to spend but americans are sitting on cash too sitting in bank
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accounts. stuart: stimulus checks - >> we are. people's bank accounts have gotten bigger during the pandemic because they are nervous to spend am not sure what the future looks like. stuart: everyone has cash. >> when we spend it, stock market go up? stuart: will beget inflation? >> yeah. inflation is here to stay. stuart: as of right now we are seeing a lot of red on the markets. we turn to bed. you say the fed will start to taper, to reign in the money printing, you think that will happen fairly soon. why isn't the market reacting to that? >> we talked about tapering for so long maybe the market is going to happen at some point and might welcome it. it will be a healthy development of the fed start to
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taper and raise interest rates. that would be a sign of confidence. stuart: the market will not sell off with hints of raising interest rates? >> it could for a day or 2 but liquidity in the system still that any selloff will bring in buying on the dip as you've seen all year. the most we've got is 10% correction in the nasdaq, didn't last very long. the market is up 100%, doubled since march 20 third. worrying about or digesting uncertainties on how things play out like the delta virus and tapering and so on. stuart: you haven't mentioned afghanistan. no consequence from that on the market. >> it is conceivable the market
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is down on that. it is horrible to watch news of what is happening over there and people extrapolating things. it will embolden the chinese communist party to invade taiwan. they don't play back the forecast in the future year but there is a concern that increases the geopolitical risks not just in the middle east region but china and i. stuart: you must get a lot of emails from clients, friends and relatives saying can't go up forever but it keeps on going up forever. you must get a lot of calls. >> this has been one of the most hated bull markets of all time, they started in 2009, it
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lasted long enough for an actual bear market so a lot of people haven't believed it. stuart: you did. you hung in there and you've been right. thanks for being with us. appreciate it. the question, how will president biden regained support? the talent and controls afghanistan, the southern border is chaos, crime spiraling, how does he win voters back? i will tell you about in my take. he will buy votes with your money, that is my prediction. senator ted cruz is the president's handling of afghanistan is an embarrassing spectacle. we will hear more about this right after this. commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads.
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the officials say the airport is open and flights are resuming, more than 700 people including 150 american citizens have been moved out, 1000 troops on the ground 3500 more arriving today and tomorrow. senator ted cruz, republican from the great state of texas. florida senator rick scott suggests president biden be removed from office because of this debacle. you are calling it an embarrassing spectacle. what do you think about removing the president from office? >> what is unfolding in afghanistan is an absolute disaster. it is catastrophic and their need to be serious public congressional inquiries into what went wrong and there are two options. number one, the intelligence and war planning of the biden administration was catastrophically wrong. they did not anticipate what
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would happen or number 2, the intelligence and planning accurately predicted what would happen and the political leadership of the biden harris administration disregarded that intelligence and planning. either way what we've seen is a disaster. what we have seen is a poorly executed exit from the theater in danger ring the lives, thousands of americans remain in afghanistan. it appears the administration has no reasonable plan to allow those americans to leave. thousands of afghans aided and assisted our military presence for decades and it appears the administration has little to no plan to help those afghans exit the country as well as this is a failure in planning, failure next and that falls squarely on the president and sadly at
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least so far it seems the president is trying to blame everyone except himself and his own administration. stuart: will be be trusted in the future? is our word good? will we be relied on by our allies? >> that the real problem particularly with those afghans who assisted us as translators, while we were engaged in the war fighting there that thousands of them, it appears the biden administration is leaving them to be slaughtered by the taliban and. that makes it difficult next time we are engaged abroad for someone to trust that if they help us that their lives will not be endangered as a consequence of that. my view on that is it is the right thing to do to be leaving afghanistan but the way the biden administration executed
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this was an absolute disaster, just days ago the biden administration handed over the bags of the ram airfield, we invested $1 billion building it. it makes no sense to handbagram over to the taliban so the telegram controls bagram when we had to evacuate thousands of americans and afghans who assisted us. the biden administration put a ribbon on it, handed it to the taliban and we are in the kabul airport surrounded by the taliban and with americans who assisted us in great danger because the biden administration is unable to create a secure perimeter around the airport and gave away the secure airport the just a month ago we had until they failed to plan and
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anticipate the people in theater needed to be removed and removed safely. stuart: what happens now is on him, it is on the president of the united states, thank you for being with us, see you again soon. big show still ahead. brian kilmeade, texas congress when ronnie jackson, wally ferris, second hour of varney next. ♪♪ ♪♪ and relieve it with this. but new preparation h soothing relief spray is the 21st century way to do all three. even touch free. preparation h. get comfortable with it. . .
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♪. stuart: u2 to get is going at 10:00 eastern. i think we should go straight to money because we turned south for the dow industrials. we're down 340 points. that is the best part of 1% and the nasdaq is down 165 points. that is well over 1%. plenty of red ink this tuesday morning. retailers were mostly lower. overall retail sales down in july down 1.1% in june. most retailers taking it on the chin. walmart, home depot came out
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with earnings earlier. home depot is a dow stock. that 5% decline is taking 110 points off the dow industrials. it is partly home depot's fault. walmart moving a little higher. bitcoin, i believe it is holding on to $46,400 per coin. that's where it is today. the latest read on homebuilders sentiment. what do we have, lauren? lauren: 75 for the month of august. buyers are experiencing sticker shock. you go to guy a home you realize you can't afford it. you're up against a million bids. builders say there is not much more they can do to manage their costs. material costs construction costs keep going up. bottom line the lowest homebuilder sentiment in 13 months. stuart: 13-month low.
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ouch. now there is this. candidate joe biden campaigned on stability. it is afghans who wouldn't fight. the afghan leaders who fed. of course the debacle in kabul is trump's fault. he leaves his bunker at camp david. delivers his excuse to the nation. immediately returns to his bunker. that is not leadership. same story with the border crisis. illegals pouring across, covid spreading unchecked. the president says he inherited problem from trump. that is obviously not true. half of central america is coming to live in the united states and biden figures they will make food democrat voters in the future. inflation, not his fault. rising violent crime? let's not talk about it. this administration will not come clean about our nation's problems and the president will not take any responsibility. when things unravel the credibility of the presidency takes a hit and that's where we are now.
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the president is in his bunker at camp david. second hour of "varney" is just getting started. ♪. stuart: all right, everyone, here's a headline for you, biden failing as crises mount. americans turn gloomy. the author of that is liz peek who joins us now. liz, senator ted cruz just told me that biden owns this afghan debacle. i think you will agree with that. >> i agree with that, absolutely. it is preposterous to blame president trump when joe biden's very first move getting into the oval office was undo everything president trump did. we're supposed to believe that joe biden had no discretion over, stuart? this is ridiculous. as you said he is in a bunker.
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we need leadership right now. i think the biggest problem facing america right now is an absolute lack of leadership. 53% of americans call baden a weak leader. there is a good reason for that. here is the thing, there are consequences for that. what weigh see, you talked about retail sales. consumers are incredibly gloomy right now. the consumer sentiment numbers out of the university of michigan were appallingly bad last month. that translated into very bad retail sales. the economy which was on the verge of exploding in terms of growth is now beginning to recede in terms of growth. why? i think it is largely biden's policies. that is what a morning consult poll shows. too much spending. too much dithering creating an artificial labor shortage with the extended unemployment benefits. everything is going wrong. i mean it is no wonder that welcome back carter was trending a couple days ago on twitter. that is kind of how people are
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finning to feel. stuart: what do you think about this? the president needs political support, this is my opinion, so he turns to the $3.5 trillion worth of giveaways proposed by bernie sanders and aoc as a way of buying votes, buying support back. when all else fails buy votes. that is what i think is going to happen. what do you think? >> oh i think that's a problem though. you have got moderate democrats in the house saying no, this is unpopular with our voters. people like giveaways, up to the point where they realize they have to pay for them. there has been almost no talk about the tax hikes in that 3 1/2 trillion dollar package. no talk how it might spur increased inflation. i think voters are not that stupid, stuart. they are connecting the dots between all this outlandish spending and the monetizaton of that spending with the fed buying up $120 billion worth of bonds every month. the fact that prices are going
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up on absolutely everything. the biden administration has done a bad job of talking about that, explaining it, reassuring them. they have done a bad job reassuring us about covid. this is not going well and biden's approval ratings show it right now. they're tanking. stuart: liz, come back to new york soon, please. we need you here. see you soon, liz peek. thank you very much. >> thank you. stuart: got to get back to the markets, we have slip ad bit further south. dow is down 320. nasdaq is down 156 points. however i got to point out to you, that the dow, the s&p has doubled since the pandemic low of march of last year. that's extraordinary. lauren: up 100% in 354 trading days. stuart: amazing. lauren: i know. the speed which it has done it. we had not a 5% pullback. we're not seeing a 1% pullback today. we have not had a 5% pullback in
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10 months. this rally feels questioned so much because investors say everything is so high. at what point should i put my money, any dip they get they take advantage. stuart: we've been wringing our hands about the hated rally for a long time. lauren: it is a hated rally. stuart: i'm worried where it is going next. you have movers for us. susan: fda approved vaccine for moderna's vaccine kids 12 to 17 years old. stuart: 1 to 17 years old. lauren: teenagers. stuart: sorry i interrupted you. lauren: lowe's this is my reaction to the home depot report. lowe's down 5%. is the housing market cooling? last one fubotv. the stock is up 2%, there is chatter, chatter, that comcast may look to buy all of it.
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some of those rumors moving the stock right now. stuart: that is my soccer outlet so to speak along with comcast. that is how i do it. let's see, home depot and walmart. walmart is now up. home depot taking it on the chin. tell me what happened at home depot. lauren: it was not a terrible report but where the stock price has been up 25% where same-store sales grew not as much as expected. investors say i think enough is enough. builder sentiment report, high price of homes, maybe people are pulling back and housing market might be starting to cool. so home depot is a big loser today. stuart: we're going back to the home, the homebuilder certainty meant. lauren: yeah. stuart: you gave us that number earlier. hit a 13-month low. an ideal time to bring in jerry howard, the ceo of the national association of homebuilders. what is the problem, jerry.
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what is the 13-month low in confidence for you guys? >> you hit it on the head stuart. the material prices, supply chain, nothing has been done to correct that. prices are incredibly higher every month. builders are starting to say we can't build the house we promised you. they are giving back ernest money checks to customers and canceling contracts. this is the third month in a row our index has gone down. i feel like the canary in the coal mine saying to policymakers, if you want us to continue to be a positive impact on the economy, whether it is the builders themselves, home depot or lowe's or anyone else, you need to do something to fix the supply chain and do it quickly. stuart: what about this eviction moritorium being extended for another couple months. i know you will react to this but in what way does it hurt the housing market? >> well first of all the eviction moritorium over the
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weekend, the supreme court ruled as president biden had suspected it is unconstitutional. that is a victory for the constitution. and i have to tell you, how will it impact the market? the multifamily guys have been fairly reflective the single family builders and owners over the past year or so and i think, if you get us back into normal procedures you will have prices and rents start to stablize. they're increasing just the same way prices are increasing in the, in the for sale markets. we need to do something about that. stuart, let me mention one other thing here, the men and women who supply multifamily housing to americans for last year-and-a-half have been doing so for free. they have not only letting people that have shelter for free, they have been providing hot water, electricity, air-conditioning, heat, and for the far left to vilify them and
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try and get more to them i think is simply a reflection of their socialist ideology and it is a complete lack of knowledge of the way the system works. the eviction moratorium was needed before. we helped. we have done our best. in fact i think the multifamily sector are among the heroes of the pandemic, along with the medical workers and the front line care people, multifamily people who allowed people to stay in their houses when they couldn't afford to pay should being rewarded at this point, not being vilified. stuart: we hear you, jerry howard. it's a great point you made. come back, make it again soon. see you soon. >> thank you. stuart: happening right now the pentagon briefing on the situation in afghanistan. they say by the end of today there will be more than 4,000 troops on the ground in kabul. they say the airport is open. we're monitoring the situation. we'll bring you any and all headlines. coming up, a comment by a cnn
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reporter in kabul, raising eyebrows. watch this? [shouting] >> chanting "death to america" but they seem friendly at the same time. it is you utterly bizarre. stuart: indeed it is, backlash coming after that comment. networks prime time anchor chris cuomo returned to the air with a confession. roll tape. >> it is never easy being in this business and coming from a political family. i can't be objective when it comes to my family. so i never reported on the scandal and when it happened i tried to be there for my brother. stuart: brian kilmeade is here to take that on straight ahead. bipartisan infrastructure deal putting coal mining jobs in the cross-hairs. hillary vaughn live from a coal mine with a report. after this. ♪. centrum multigummies aren't just great tasting...
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and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. stuart: the pentagon briefing reporters on the situation in afghanistan. they say by the end of today there will be more than 4,000 troops, american troops on the ground in kabul. they say the airport is open. they say the speed of the evacuations will pick up. right now it is one aircraft per hour in and out. there have been no hostile threats or interactions with the taliban, so says the department. we'll listen in for a few minutes. watch this. >> this is now 700 to 800 that have gotten out. is that now a total of somewhere in the neighborhood of 14 to 1500 total people have been taken out since august 14th when this began?
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>> yes, rough numbers, to include the sivs. >> reporter: can you say from a operational perspective, is there talk of expanding the perimeter around the airport? >> right now the airfield like i said earlier is secure. the command on the ground has the ability to continue to flow flights in and out. so i would say the airfield is secure right now to allow to us do that mission. >> reporter: just to clarify a couple things what you said about the talks with the taliban to make sure i get it, it is u.s. military personnel that are talking to taliban commanders? >> our commanders in the operation have had communication with taliban leaders. >> reporter: is this why or could you explain apparently you put the 82nd airborne headquarters element in there. is that -- >> general donahue and his staff. >> reporter: walk us through a
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little bit of that. >> just a couple things there. number one, this is what the 82nd airborne does really well, as the global response force their job is to be ready to assist in a very expeditious manner. and the task of securing and operating a airfield is actually a unique task that the 82nd dan kang do, so general donahue has the experience in that. that is one reason. the general on the ground has a spate of other duties he has to attend to include liaison with the stated department, our allies and partners also on the ground there in kabul. the turkish support element. there is a lot of things to do. so we felt like this division of labor made the most sense given the urgency of time, and what we're trying to accomplish the next couple weeks. >> reporter: sorry, just to make sure, 82nd is in command at the airport and the general you mentioned is the one talking to the taliban? >> i'm not going to talk about
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specific conversations, barb or who is having what. our commanders, in fact, ad virile vesy has been there throughout this thing and i don't know exactly, i mean the general knows when general donahue is getting there but just sufficientfy is to say our commanders at the airport are charged with securing that airport around keeping it secure and doing what it is required to keep it secure and to get operations back up and running, and to be sustained and they will and should have whatever interactions they believe are necessary to accomplish that mission. i'm not in a position now and i won't begin to get into a position where i'm detailing every single conversation or what the details of that are. i think as i said to courtney the best judge of how we're doing is how we're doing and the results that we're achieving. i think i would leave it at that
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>> john. >> get to helene and then to you. >> reporter: thank you, kirby. i understand the marines are there, our troops are there, they're underorders, we don't want them getting into combat situation with the taliban. so you do have a little bit of a balance you have to strike between getting orderly evacuation out of the airport but at the same time we know there are reports on the ground from your siv applicants that a lot of them are getting beat up on the way to the airport. they're getting beat up outside of the airport. how do you manage, this is a bit of what courtney and barbara both asking you how do you manage the strike that balance we're not here to get into a fight, we want to get our people out but you got get the people where they can get out? >> sure. we look at military tasks, requirements securing the airfield. that is what we're absolutely
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focused on doing. to insure that part of this whole mission is being able to be completed. i would really on the outside as we talk about on the outside of the airfield and through kabul and that process there i would really have to push that over to the department of state because our mission right now is that securing of the airfield to allow those that come on to the airfield to quickly be put on aircraft and evacuated. >> reporter: general, get back to the numbers of afghans and others trying to get out. if you look at the siv people, special immigrant people and families, there are estimates of 70,000 to 88,000. then you have the p-2 people trying to get out to a third country, maybe hundreds if not thousands of that, total universe we're talking about is 100,000 people trying to get out of afghanistan. given that are you confident with your planning that by the
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31st you can get all those people out or is that uncertain? >> what we're confident is that we're going to maximize capacity to the degree that we can and that at max capacity as the general said, given what could be more than two dozen sorties per day you could get to five to 9,000 people out per day. our focus is on, again, making sure that the environment, conditions are set to be able to do that. as i said the other day airlift will not be a limiting factor but it is also going to require and has required constantly liaison with our state department colleagues who are obviously in charge of administering special immigrant visa process and other priority visas that you mentioned. so we're working hand-in-glove with them on the manifest. you know, who is being processed, when they're being processed and making sure that
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they're ready and able to get on flights out of that. so it's, it's a complex inner agency effort here, tom. what i can tell you, i can't guarranty a certain number by a certain date. stuart: we'll continue to monitor the briefing at the pentagon. what they have said so far, the airport is open. one flight in and out per hour is what they have at the moment. the real concern is for those people that cannot get to the airport. they want out. they're desperate to get out but they can't get to the airport. one of the generals at the briefing was asked about this a few moments ago. he said look, his concern is securing the airport. he couldn't answer how to get the people trapped in kabul city itself, how we get to the airport and get them out. the mess continues. we're monitoring it obviously. coming up, here is the story
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for you former president trump is blocked on twitter. you know who is not blocked on twitter? the taliban. what a story. we've got it for you just ahead. i'm not always on my game. but lately, my uncle is, especially with his type 2 diabetes. with once-weekly trulicity most people reached an a1c under 7%. plus it could help you lose up to ten pounds.
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♪♪ ♪♪ over the years, mercedes-benz has patented ♪♪ thousands of safety innovations. crash-tested so many cars we've stopped counting. and built our most punishing test facility yet, in our effort to build the world's safest cars. we've created crumple zones and autonomous braking. active lane keeping assist and blind spot assist. we've introduced airbags, side curtain airbags, and now the first-ever rear-mounted front-impact airbags. all in the hope that you never need any of it. ♪ ♪ ♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right.
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verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business and offer plans as low as $30 per line. more businesses choose verizon than any other network. we are open and ready for you. stuart: it is 10:28 eastern time this tuesday morning. the dow industrials are now down
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230 points. we had been down more than 300 but there is still plenty of red ink on wall street this morning. scott shellady is with us. scott, it doesn't seem to matter, the market doesn't seem to matter, to care about afghanistan. i know you and i do but the market doesn't care at this point at least. what say you? >> no. you and i definitely do but the market doesn't care. what you and definitely cared about moving back into the paris climate accord but the market didn't care. you and i both care about cozying up to iran but the market doesn't care. so those types of things, the markets are overlooking. the market today, stuart, is more worried about a booster shot for covid than it is for afghanistan. stuart: well, what can we do about this? we're active in the financial world and the political world and the financial world is not reacting to the political world at all at the moment. let me try this one for you.
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i think that the president is going to be looking around for political support. he has made a mess of afghanistan, the border, crime, inflation. okay, he is not doing well there. he needs votes. how is he going to get those votes? i think he will push even harder for the 3 1/2 trillion dollar series of giveawayses to buy votes. what do you say? >> yeah. you took the words right out of my mouth. that is the only thing he can do. you know why, stuart? he hasn't done anything right. this is exactly what we get as america when we vote against something and not for something. that is the problem here. so everything that he has touched and i said it last time i was on with you, everything that he has touched has gone wrong. there hasn't been anything good to come out -- look, it is so ridiculous now we had to go begging opec to pump more oil. when we cut down our own keystone pipeline. now think about it, that was for climate. that was for climate. so we're allowing somebody else
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to do it and that doesn't matter about the climate. the climate's global. it is not just the united states. so that is the situation we're in. nothing is making sense with this president and each turn he contradicts himself. it has been one big hypocritical, contradictory so far administration and it is going to continue to be that case for the next 2 1/2 years. stuart: as an investor and a trader yourself, do you see anything that is going to bring this bull market to an end? >> yes. i'm worried about, i'm worried about getting back to the regular growth rates not comparing them to the pandemic. i'm worried about the tax hikes because when we get back to 2% gdp, stuart and the taxes if he gets taxes through he needs to get through to help pay for 3 1/2, four 1/2, six trillion of spending that is what i'm worried about. what does the world look like in the spring when we have that happen to us? i think, i said this before, that is what the fed is worried about. we'll have to pay for this. this is just not going to happen. with the tax hikes that could
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spur some sort of deflation and or put a cap on inflation and i think that is why the fed is going to drag their feet because they have to make sure, number one we're through the pandemic. now, stuart, let me give you one quick thing here. as americans we kanter rad kate covid. we will have to tolerate covid. until it takes our minds to get to that space we'll have these problems with the economy fits and starts, starting and stopping until we finally come to the realization it is here to stay. i don't know how long that is going to be, meantime if we try to tax ourselves to death, we're still worried about covid. that is not a good recipe and market will not like that. we're all-time highs. backing off a little bit today. still things are okay. you put that into a six-month time frame that could be a lot of danger on the horizon. stuart: let's hope we don't follow the lead on new zealand which imposed a nationwide lockdown on the ground with one new covid case. if we do anything like that,
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we're sunk. last word to you. >> stuart, we have to get our minds around this, okay? why are some things okay and tolerated and some things aren't? we lose over 1300 people a day to cigarette smoke. now we're having 500 deaths, i don't like deaths anywhere, i don't like anybody dying anywhere, but our seven-day rolling average for covid is 500. on a daily basis we lose 2 1/2 times more people to cigarette smoke. i like my cigars, i'm not having a go at the cigarette industry. so people get their head around, our american psyche is so bruised, stuart, we can't unfocus our way out of the daily death count. once we get to a place where we tolerate those things, we'll be much better off. stuart: scott shellady, thanks for being here. we'll see you soon. >> all right. stuart: let's get back to the
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afghan situation. we've seen dramatic scenes at kabul airport. ashley webster is with us this morning. bring us up to speed. we understand evacuation flights have resumed. tell us more. ashley: certain air of stability we're told from u.s. military officials. flights have resumed but the scene is still somewhat chaotic outside after ring created around the airport. afghans trying to leave the country, thinned out, crowds thinned out, as they face a very uncertain future under taliban rule. it is gutting to see what is going on. there is surge of uk troops, allied troops, been sent in to insure the evacuation of diplomatic staff around afghans who helped the allied forces. as many as 70, 80,000 will get special visas. the point how do you get them out? it will be a long process. i warranted to give you one example. the first german evacuation
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plane managed to take off today with just seven people on board because it couldn't wait on the any longer on the runway as germans trying to evacuate couldn't reach the airport without protection from the military personnel. that is another issue. you get to the airport around it is controlled but getting there is whole another issue. stuart: that is a developing story we're trying to cover. ashley indeed. retailersll businesses, they're struggling. grady trimble in chicago. tell me the grady? reporter: inflation, stuart, in one word. the rising cost of goods and transportation disproportionately hitting small businesses. to be sure big box stores like walmart, home depot, target, are
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being hit by the supply chain challenges as well but they are moving products in such large quantities, such large volumes it is not as big of an issue for them. both home depot and walmart tell us on earnings calls today, they're chartering ships themselves to carry exclusively their products. that is certainly something smaller businesses can't afford to do. on the walmart front they had a strong second quarter with customers returning to stores and spending their stimulus checks which won't be as much of a factor going forward. some of the top categories include grocery, health and wellness, back to school, party supplies, some reopening categories if you will. home depot had a beat on profit and revenue. they had fewer in store customers, they say it, diy, do it yourself demand for home improvement products is falling. therefore the shares of substantially this morning as well. in terms of cost of transportation of goods,
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home depot says we're leveraging the scale of our supply chain in partnership with our vendors to prioritize key skus and high demand categories. stuart, that is the key word there, scale, big box stores have that marion street small businesses don't have. stuart: you got it right. grady trimble thank you for being here. see you soon. here is what is coming up a former disney channel star speaking out about masks in schools roll tape. >> i have two vaccine injured children. i would never put them in a mask because their brain needs oxygen to grow. the real part of the clown show you think you have the authority to mandate this. stuart: having said that about masks could she be canceled? i will ask her. lee allen baker is here next hour.
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stuart: tropical depression fred moved inland threatening the southeast with floods and tornadoes. we need a forecast. what do you have adam? >> it made landfall as tropical storm along the florida panhandle near port st. joe lifting up in the alabama, florida, georgia line, excuse me the alabama-georgia line. you see rain lifting up to north georgia. everything in the red polygon which is tore made cowatch. iningredients are in place for tornadoes. this from now on will be a big storm maker and rainmaker lifting up appalachian mountains. you could see flooding bringing a whole lot of moisture wit. this is the forecast. you see some yellows and oranges, that is four to 6:00 inches of rain in eastern tennessee, lifting up eventually to tennessee or new york. a soggy situation will be unfolding. here is the next couple days, the other tropical system paying
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attention to, strengthening once again off the island of haiti. that will be passing by jamaica here by the time we get into tomorrow, overnight tonight, the further forecast, it does strengthen quite a bit, 45 miles an hour an hour. get up to 75 miles an hour. will run into the gulf of mexico, making landfall into the united states. these are all the topical models in pretty good agreement there, these are running into the yucatan peninsula, then into mexico next couple days. those are the only threats in the united states. i remind you stuart, we're getting started in hurricane season. another six weeks or so it will be active. stuart: thank you very much, adam. the dow is down close to 300 points. look at that nasdaq, it has come back a bit. it is down just 90. warren buffett's berkshire hathaway cut its stake in three drugmakers and general motors. tell me more, ashley.
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ashley: all right, stu, let's begin with gm. berkshire held shares of auto make for nine years, but continues to cut its stake, this time by about 10% in the second quarter to estimated $3.55 billion. berkshire also trimming its bets on pharmaceutical companies including abbvie and bristol-myers squibb. the latest filing shows no longer a take in biogen. those are three companies that berkshire is cut being back other getting out of. on other side berkshire boosted stake in grocery chain kroger by 21%. the quarterly filing revealed one knew investment. a holding in a firm that merck spun off recently called organon. merck already held shares of merck with a stake valued $712 million. investors want to know what mr. buffett and co are doing. there are highlights from the
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latest filings, stu. stuart: ashley, i want to know the cryptocurrency expert hired by walmart. what is that cryptocurrency expert going to do? >> well they haven't hired someone yet. i don't think you or are i up to this. looking for someone to lead digital and cryptocurrency department. retailer joining growing companies looking to develop strategies for cryptocurrency such as bitcoin. walmart's job posting says the person it hires will identify customer needs and translate them into product requirements and that he or she will work with product and design teams. okay, not quite sure about that but by the way, amazon posted a similar opening for an expert in digital currency last month. companies including starbucks, home depot are accepting cryptocurrency through third party applications to convert digital currency into dollars. surely but slowly starting to
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come more and more into our lives. stuart: it left us behind but getting into mainstream. that is the way it is. thank you, ash. now this, cnn anchor chris cuomo finally returns to the air. he address this is brother, governor cuomo's scandal. brian kilmeade has a message for both of them coming up. golf legends tiger woods, cory mcilroy try the famous happy gilmore swing. we'll see who nailed the shot and who didn't. golf ledger end greg norman is on the show. he is back. on the show a bit later. ♪. at usaa, we've been called too exclusive. because we were created for officers. but as we've evolved with the military, we've grown to serve all who've honorably served.
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♪. stuart: we got the market pretty much headed south, pretty much across the board and going to show you home depot, boeing, and caterpillar. all of them dow stocks, all of them down, taken together they shave 180 points off the dow industrials. so without those three stocks the dow wouldn't be down that much. the dow 30, give you a sense of the market here, overwhelmingly in the red be, about 2/3 or 3/4
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of the dow is in the red. that is a sense of the selloff we have going for us right now. the dow industrials, please remember the level even though it is down, 35,339. yesterday despite all the news from afghanistan and wherever else the dow still hit i believe it was its 35th record high of the year. all right, 10:51 eastern. that means it is time for brian kilmeade. here he is. all right, brian, chris cuomo back on the air for the first time after his brother's scandal. he said he was just trying to do the right thing. watch this please. i tried to do the right thing and i just want you all to know that. i wasn't in control of anything. i was there to listen and offer my take and my advice to my brother was simple and consistent, own what you did, tell people what you will do to be better, be contrite. i did urge my brother to resign when the time came. stuart: you're hot under the
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collar about a lot of things. what do you have to say about chris cuomo. >> i have enough careers to worry about. i do your negotiating and most of your staff. i have my own. his biggest problem not being loyal to his brother. his biggest problem was when he said he wouldn't do anything anymore. a lot of people think after he apologized to his colleagues and told cnn shouldn't have done and been consultant to his brother, stead of taking offer up to the company to step aside until his brother's problems were eased or resolved. he kept advising. if that were the case that is egregious he is not telling the truth again. in terms of cnn who is watching? my goodness, do they have any credibility? every time joe biden does something they avoid the story. at the border they avoid the story. cuba they avoid the steer. inflation they avoid the story. they can't avoid the again again story. quick, bring chris cuomo back, so overwhelmingly bad, joe biden
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is overwhelmingly inept, his speech was so low and was so unsatisfactory. bring him back, get the speech over with. the fifth most important thing on any news network. that is what they're hoping for. in terms of firing, let go, i'm not comfortable with that. i would just say that cnn has got some huge problems. stuart: i think you can leave it right there. the new york city got this indoor vaccine requirement, starts today. you want to go to a restaurant, bar or gym you have to show proof of vaccination. i would have thought that is the last thing this city wants, ruining businesses like that. i think that is the last thing the city wants but that's what we've got. >> i'm so outraged by this that i can't put it into words. i'm familiar with the restaurant business, bar business, gym miss business they have been hurt so much. they're saying i'm sorry mr. varney, i'm sorry mr. kilmeade, i'm sorry mr. johnson, you're not allowed to come because you doesn't have your vaccine card with you?
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all of sudden inspectors come in. if the third person at a table is not vaccinated the restaurant will get fined $1000, $2,000, multiple offenses that means we're paying inspectors to harass business owners who are providing a tax base for a city that is flat on its back and been squandering our money for generations. stuart: hold on a second, brian. we have it in "the new york times" two weeks ago, 27% of the black adults in the bronx are not vaccinated. that means 73% of the black people people in the bronx cannot go out to eat in a bar or a gym. i call that flat-out exclusion. >> that is a great point, a great stat. they love telling trump supporters who allegedly reluctant to get vaccinated. i'm vaccinated. i don't really know many people. people are curious about the mrna technology because they want to know what goes into their body, excuse me. they don't want to get yelled at by a anchor or a host.
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number two, good luck, new york. you've abused this city. you've abused business. and got a big check despite because joe biden is a democrat that you did not deserve. and now you're going to start shuttering away in boroughs of new york, these customers. they are index cards. they're knocking off flawless licenses on 42nd street for 60 years. good luck on the authenticity problem. stuart: quick one, you know president trump is still banned from twitter. did you know that the taliban are not banned from twitter and they're spewing out their stuff all over it? can you believe this? >> yeah. i do. i mean ayatollah is still on twitter. you have so many oligarchs and officials. vladmir putin is still on twitter. you have all the other people, the big message is this, president shouldn't have done january 6th, biggest mistake of his career by far. let's hope for his sake it is biggest mistake he ever make.
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gave him opportunity to sideline people that were bigger than social media. he was the most important man on social media or woman far none. they sidelined him. they don't want him running again. that is more important to the social media moguls than anything else. make sure donald trump doesn't run again. and it would truly be extremely tough if there is no facebook for him and no twitter for him. it is a furnace of activity. stuart: got it. hey, brian, good stuff today, thanks for joining us. we will see you again. >> go get emstuart. stuart: another big hour coming up. congressman ronny jackson, walid phares, golf ledger end greg norman. big question, how does president biden gain support with some crises on his hands? i have an idea in "my take" i have an idea in "my take" which is next. or powders, try the cooling, soothing relief or preparation h.
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and >> what is unfolding is an absolute disaster and it is catastrophic. this is a military failure, failure of planning and execution. >> everything is going wrong. >> when they tell us we need a third shot we need to know the rationale. is it because you are trying to prevent transmission or hospitalization.
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>> accommodative central bank, stocks should go higher. >> it would be healthy development. in the economy. >> it is tuesday august 17th and there's a lot going on today starting with the markets. the dow industrials and the nasdaq is down 106. plenty of red ink. we have the report the retailers, july sales collectively taken together. home depot, boeing, caterpillar, three dow stocks.
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taken together they drag the dow down to the tune of 180 points but bitcoin dropped a little further. we have 47,000, now it is 45-9. how is the president going to regain support now? the afghan debacle is still unfolding with who knows what horrors still to go? still pouring through, prices and crime still rising. how to see win voters back? he buys them. what does a leftist politician do when a series of crises make you look bad? spend money of the way. here to push another $3 trillion worth of mega spending, free college, free pre-k, that is how the socialists do it.
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to support these giveaways, how are they going to get reelected. covid, crime and inflation. why not throw a hail mary with a $3 trillion set out to voters, only hope the democrats have some sense of responsibility to combine these errors with the unpardonable ever of voting in socialism but that is where things stand. biden has made a mess, bernie offers a way out. heaven help us we have socialism on top of the administration of mistake that biden has already made. the third hour of "varney and company" starts right now. senator ted cruz on this program earlier.
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>> it is the right thing to do to be leaving afghanistan but the way the biden administration executed this was an absolute disaster than program says the taliban controlled bagram when we still have to evacuate thousands of americans and afghans who assisted us but the biden administration put a ribbon on it, handed it to the taliban. stuart: ronnie jackson is with us now. a navy veteran who served in iraq. what do you make of what is going on in afghanistan? >> can't believe it is happening, we the united states of america actually let this happen. it is not that we are getting
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out, very few would argue we need to be in afghanistan for the long haul a we shouldn't have held onto bagram, if we are leaving it is how we are leaving, this is a disaster created by the biden administration and we have thousands of americans trapped, they keep making the point they control the airfield, the taliban has the perimeter around the airfield, people who need to get out can't get it to the are field and get out, this will play out on television the next few days. it will be a disaster, hard to watch. american hostages, the way it is set up now i do not see us getting all the americans out safely. stuart: to tell a man is holding a press conference, a
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spokesperson told reporters, quote, i congratulate the nation for this victory. afghanistan is emancipated and they do not seek revenge. are you confident they will not seek refinish >> these are terrorists, people who have been oppressors their entire existence. there may be a few of them, they are trying to make the case that they will form a government everybody can respect, that will be comes we -- a score to settle with americans. if they find some of our citizens in the community and trying to get out who knows what will happen. the diplomats can control the rest of the talent and even if they wanted to and what will happen to women and children will be hard to watch. >> you are also a doctor and we remember your medical expertise
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very well. get covid case is still rising, 252,000 new cases just yesterday, 5 states that new records for daily covid cases. when do you think things will improve the to the other side of the delta outbreak? >> it already is a little bit more infectious but less than the other one. the reality is every time somebody test positive, someone who is not going to be a source of infection for anybody else, to some extent we are looking at the cases as closely as hospitalization or deaths although there are areas where hospitalizations are going up, we are continuing to get people vaccinated. we need to continue to encourage people who are at risk. is stuart: masks forever is what it seems like.
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>> there is no evidence the masking was making any difference, it's serving as a repressive reminder of who's in charge so i think we should get vulnerable people vaccinated and move on and accept that there's a certain amount of risk just like there is from seasonal flu. we are not going to completely get rid of it, we need to accept that fact. stuart: doctor, congressman, thanks for being with us. i will go back to the markets because we are down 314 points, 130 down on the nasdaq. the president of blue line capital, you say home depot says the tone for retail sales leading the selloff on the dow we have a problem with these retailers or the economy in
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general? >> there were good overall earnings, same-store sales disappointed and that leads to what happens the rest of the year if they keep the numbers that were put up last year. walmart put up big numbers too but this isn't just retail today. it started last week. fridays have been friendly to the market, record highs through last week, then the china data sunday night very poor but markets, healthy gyrations ahead of fed chair powell. what does he talk about but the retail sales number overall it was a good report so headline numbers missed, the year-over-year results, july you ever -- year-over-year in june year-over-year 15% above the pandemic last year which
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was a gain from 2019 so consumers strong and i expect it to stay. stuart: here's what i think is a bright spot. if you are following what is going on in britain, they bit the bullet, removed restrictions on their freedom day and cases started to fall, they are falling quite sharply at this moment. that gives me hope the same thing could happen here. we are spiking on delta but we will see the other side at some point and that is across for the market. what say you? >> absolutely. i have colleagues in britain and we have been talking about this, the delta variant with their first, we had the spike. they accepted and moved through it and the curved blackened. i expect the same to happen in the us. that is why i anticipate the second half of the year growth to be stronger as people are pricing in. you see revisions lower. i expect them to be above those
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and surprised to the upside and have a good second half. stuart: hope you are right and we will be seeing you again soon. you have full boat tv. >> it is rallying and i ask if you will continue to watch if it is blocked by a competitor in the future. comcast might be looking for a takeover, google tv has great metrics, and doubling in the spring and subscribers doubling over the past year as well. stuart: i don't have a subscription. >> that doesn't surprise me. stuart: i can often watch for free in spanish. >> doubling from last year.
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roadblock as well, kids videogame maker less sales than anticipated but daily active users, 46 million grew 3.3 million in two months, huge numbers. stuart: largely kids. >> which is a great growth base with 50% of users under 13 and looking at the long run away. stuart: so long as parents are they themselves put money into the games they play. >> which they will because it is a great education tool. education, nvidia is going to educate when it comes to earnings after the bell, the biggest us chipmaker looking at huge numbers when it comes to data centers, price to perfection. if you think it is up 50% you have to do that and better.
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is stuart: it is an educational thing when kids play i've, 6, 7 hours a shot on video games. >> it is that. stuart: we still have a big show. greg norman, golf guy, talking about golf exploding in popularity. the covid situation in australia. former disney channel star speaking out against masks in school. >> 5 two vaccine injured children, i would never put them in a mask. the clown so as you all think you have the authority to mandate this. stuart: may be lee allen baker may be canceled. i will ask her about that. a taliban commander eight years in gitmo and released in a
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prisoner swap under president obama. walid phares is here to react to that. ♪♪ ...and other key essential nutrients... ...it's a tasty way to conquer your day. try centrum multi gummies. now with a new look. as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage.
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often time zero dollar monthly plan premium. you deserve to get the most from your medicare benefits. call now for free information that may help you get more coverage for less money. there is no obligation to enroll. whether for yourself or someone you love. call the number on the screen now. call now. >> when i came into office i inherited a deal donald trump negotiated with the taliban and. i stand squarely behind my decision. i am president of the united states of america. the buck stops with me. american troops cannot and should not be fighting in a war and dying in a war that afghan
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forces are not willing to fight for themselves. stuart: the president defending his decisions in afghanistan. right now the taliban holding their first news conference in kabul. they said they would not harm anyone from the us for the international community and are committed to the rights of women within sharia law. connell mcshane, what's the latest on evacuation efforts in afghanistan? >> reporter: they are trying their best to get people out of the country as quickly as possible. to get someone out of the country you have to get them to the airport, open for civilian and military flights and the chaos that unfolded yesterday but we are not seeing as clearly as what is happening on the way to the airport. we have reports of taliban checkpoints stopping people from getting to their flights so the pentagon is trying to coordinate this evacuation with
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that as a backdrop. >> looking at one aircraft per hour, we predict our best effort could look like 5000 to 9000 passengers departing per day but we are mindful that a number of factors influence this effort and circumstances could change. >> somewhere between 5 and 10,000 americans are in and around kabul but not at the airport. they are working on getting them there. president biden facing criticism for his handling of the evacuation. national security official who is among the most vocal in the last couple days saying the blame lies with the president but also his national security team, called out jake sullivan, writing biden wanted out of afghanistan and sullivan to figure out how to achieve the president's goal, with
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potential pitfalls and problems, that is not what happened. sullivan will join jen psaki later today and the early afternoon and brief the media on the latest events, the president has come back to camp david. stuart: thank you very much. look at this. that man is one of the new taliban leaders who just surfaced in kabul. he was released from guantánamo bay in 2014. his freedom came in and exchange for boberg all --bowe bergdahl. what do you make of this? >> at this time it always looks like dunkirk. we are worried about extracting our troops. the government of afghanistan has collapsed but we need to worry about today, the taliban,
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what is their project. what would happen not now but in 6 months and 3 weeks from now after control. the answer is whatever they've done between 1996 when they came to power in 2001 will be the new regime, brutalizing their own population and making sure there are no real rights and all the d's artists, isis, al qaeda and a steady generation of jihadists aiming at the gulf, the east, israel, europe and the united states. that's the biggest picture that i can see. stuart: the taliban held a press conference in kabul and they said they would not hurt americans, won't hurt members of the international community. do you trust them?
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>> i trust them for one thing, a doctrinal art which tells an enemy to flee, you have safe passage out of the fortress but after that we organize ourselves, the taliban have no interests engaging the united states because the rules of engagement would be to send our air force. seems to me the muslim brotherhood are teaching them what to do, not the -- days are sophisticated and will give a safe passage but at the end of the day the concern is what will happen 2 months from now. stuart: thanks for being with us on sharp notice. the taliban's leaders are still allowed to send out tweets but donald trump band on twitter. let's bring ashley webster in. didn't you reach out to
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twitter, what are they doing? ashley: a lot of people say how can this be? donald trump permanently suspended after the january 6th riot, has not been allowed to tweet for months but no problem for the taliban and. this response from twitter saying, quote, the situation in afghanistan is rapidly evil in, people using twitter to seek help and assistance. twitter's top priority is keeping people safe and we remain vigilant, we will proactively enforce the rules and review contents that might violate twitter rules specifically policies against glorification of violence, platform manipulation and spam. twitter says it does not allow groups to create terrorism or violence against civilians but the taliban is known for carrying out attacks that killed thousands of civilians in the country and there have been reports of revenge
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killings in recent days but twitter continues to allow the talent and use its platform, facebook on the other hand designates the taliban as a terrorist group and bans it and its content from supporting it from its platforms but here is where it gets tricky. the taliban and does not appear on the state department's list of foreign terrorist organizations. a list that social media companies have relied on to justify taking down accounts. in november of 2019, twitter removed account linked to hamas and hezbollah but so far not the taliban and. stuart: it is a contradiction. walid phares, good stuff indeed. spirit airlines lost, they say they lost $50 million when they canceled thousands of flights this summer. now they have accepted reality
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and are cutting their schedule. former disney channel actress speaking out against masking children. is she afraid of getting canceled? she might be. i will ask her after this. ♪♪ we are not going to take it anymore ♪♪ that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good.
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matching your job description. visit indeed.com/hire stuart: harry styles. pretty real. is it kind of? jacksonville beach a kindly place, 88 degrees and partly cloudy. markets to investors, down 290 for the dow, 150 for the nasdaq. i see red this morning for a variety of reasons. former hollywood actress lee allen baker vigorously opposes
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school mask mandates in tennessee. >> i am a california refugee. i gave up everything there, successful hollywood career, television shows, gave it up for freedom. i have two vaccine injured children, their brain needs oxygen to grow. you think you actually have the authority to mandate this. stuart: lee allen baker joins us. great to have you with us. will you keep your kids at home if their school demands and mandates masks? >> i don't want to put them near the clown show. stuart: you are the first prominent personality looking out for the kids and their ability to learn and socialize, your criticism the kids should
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not be wearing masks when speaking to each other and trying to socialize. >> restaurants i go to in schools and everywhere because my children need to see my face when i talk to them, and they needed to see your face to read your face and see each other's faces so they can learn and express themselves. stuart: you are not concerned about their safety? >> more concerned about other parents bring their fears on my children. stuart: what is the response? >> everything from you are a hero to an evil villain and we hope you die. it has run the gamut depending on who is reporting it.
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stuart: you relocated from florida. you think you might get canceled because you oppose masks in school? >> to be concerned, i was canceled last july, and overreaching suggestion, they can't cancel me twice or maybe they can try. stuart: you are not popular in hollywood these days. >> that's okay. it was cut out of my clip but i have been greeted in middle america in tennessee with the most loving kind open arms. there is a movement of people that want to make movies that are family-friendly that the child focus first and they are wanting me with open arms and i can't wait to join forces. stuart: we are glad it ends like that.
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thank you for telling us the story. that is an important thing. now then. michael berry, the man whose bets were featured in the big short is betting against kathy would. >> whose side are you on? she's not my hero. return 100% over 12 months makes you a hero to a lot of people. stuart: returns 100%. >> covid last year to this year, this filed in his filings, using options to bet against her flagship fund. for a bit against tesla against elon musk and tesla and revealed 1 million shares
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option against tesla shares. that's part of this filing. let me show you what she said. most believe inflation would continue to accelerate which shortened investment, time horizons and valuations. that's not the case, equities and bonds appreciating and rallying since march, she talked about michael bury, to his credit michael burry had fundamentals to recognize the calamity during the housing mortgage market, i do not believe he understands the fundamentals creating explosive growth in the innovation space. stuart: she doesn't believe the man who called out the financial press understands the fundamentals. >> of 2021 and innovation. maybe the mortgage-backed
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security market. stuart: that is a fight to have. tick-tock partnering with the music streaming service which which one and why do i care? >> crypto streamer allows shares on tick-tock. hard to talk about social media because i can see -- stuart: what is a crypto streamer? >> paved by crypto so you know what streaming is? spot ify, it is a growing expanding platform, 1 million in january, 5 million daily users compared to spotify if you want to bet on growth instead. stuart: i know what streaming is even if i don't use it. this just coming at us, the tower and reportedly beating people as they head to the
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airport, state department contractor says taliban fighters established checkpoints warning people not to leave the country and going through neighborhoods working with people who worked with the us government. moments ago at howard and spokesperson said those people would be safe. do we believe them? one country fining people for violating covid stay-at-home orders. we will tell you where that is happening. norwegian cruise line set sail for the first time in a year and a half. now the company planning a cruise around the world, we will deal with that next and joined by golf legend greg norman. more varney just ahead. ♪♪ come sail away ♪♪ sail away with me ♪♪ come sail away ♪♪ come sail away ♪♪ come sail away with me ♪♪ come sail away
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♪♪ you were born to fly. stuart: i don't know what that music is. >> country music is fantastic. that is boise airport, idaho, 70 degrees. don't know where the temperature is going later but that is boise, idaho. spirit airlines lost a lot of money after canceling thousands of flights earlier this summer but what is it, 50 million? >> they've come to the realization we don't have staff so cut the schedule, 2800 flights, people up and arms, there will be a specific number of flights cut this summer.
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they haven't told us how many but a fantastical scheduler change according to spirit airlines. stuart: doesn't fill me with confidence about planning a trip in the future. they are cheap but that doesn't silly with confidence. >> from july to august 9th. stuart: american airlines were going to shut down the pilot training in charlotte. now they are going to keep it going. >> american airlines facing the single largest increase in leisure travel the airline has ever seen so they need the pilot to fly the planes. american airlines says they will continue the training base. everything into texas to cut down on costs but now that they need people let's get some up and running with airbus training. stuart: the single busiest leisure travel increase in
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business ever. >> talking about the delta variant spread, southwest and spirit as well. stuart: regent 7 seas reveals its voyage destinations for 2023-2024. our viewers take cruises. >> you've been on one. stuart: where are they going? >> normal destinations, africa, alaska, mediterranean and caribbean but 60 new ports of call. stuart: the south pacific. >> the islands in greece, pretty exotic and in spain and norway. regent and the 7 seas are the high end part 4 norwegian, 7
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days and some could cost thousands. stuart: if you went on those cruises -- >> you would pay for me to go? stuart: you would be the youngest person on the cruise. >> how long is the buffet? stuart: the dow industrial average, i want a sense of the market overwhelmingly negative, plenty of red on the left-hand side of the screen. gulf business is booming. it is an outside sport, socially distant, pandemic proof. golf legend greg norman will talk about that right after this. ♪♪
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often time zero dollar monthly plan premium. you deserve to get the most from your medicare benefits. call now for free information that may help you get more coverage for less money. there is no obligation to enroll. whether for yourself or someone you love. call the number on the screen now. call now. stuart: still makes me laugh, happy gilmore, just turned 25 years old.
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the real golf stars trying to re-create that wild swing. rory mcelroy got close but destroyed a launch monitor the tracks the speed, he destroyed it. tiger woods got a good hit and this was filmed before his car crash. the happy gilmore crazy swing and we should tell you golf has rebounded from the pandemic, rounds of golf up 23%, 19% from before the pandemic. look who took wild swings. the man himself is greg norman. you got one of the best swings in the business. the pandemic was one of the best things every for golf.
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i hope you got a piece of it. >> absolutely got a large piece of it. you are correct. it mystified me when everyone was walking around golf courses around the world and america was in the forefront because golf is an outdoor sport, you can walk around in the environment, america brought golf back during the pandemic by giving us accessibility so when you think of where we are today what are the two things that resonate with consumers? more idle time and disposable income. one sport is the biggest benefit and that is golf. consumers want to it. what i think is more significant than anything else is public rounds are up 26%. private golf courses are up 23%.
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think about the general public getting out to enjoy golf, total participation is up incredibly. stuart: it is a wonderful thing but you are from australia. sydney locked down raising fines to $3,700 and in new zealand they locked down the whole country for 3 days because of a single covid case. what do you make of this? >> very sad and disappointed. i speak to people almost daily, i speak to the media, my friends and this is the pandemic that will be endemic. we have to learn to live with it. what i'm disturbed about is not the economic impact we have on my home country australia but the mental impact on my friends
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down there. they can't keep going on this lockdown, if there is number 7 i think there will be a revolt in australia because people can't be treated like this. stuart: that surprised me. i thought australians were like americans, big on individual freedom, get off my back, don't tell me what to do. we have a vast country and i'm going to enjoy it and australians go because lockdown mentality. i don't understand it, do you? >> i don't understand it. the majority of citizens i talked to in australia don't get it. if you look at the federal level and state-by-state level, each state make the decision not including the other states so imagine i live in florida, couldn't go to south carolina or georgia or cross the florida state line. doesn't make sense. we've got to learn to live with it.
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i put on instagram big brother help liver brooke -- little brother, 26 million doses of vaccines sitting in the warehouse, get them to australia to the rest of the world where we can get over this big trump of australia being in lockdown. stuart: great to have you on the show, glad you are living in florida, this is the place to be. greg norman is a good man, see you later. the las vegas raiders are the second team to require all fans must be vaccinated to attend games. the vegas raiders but one team insists on mass vaccinations. >> they have been fully vaccinated. atlanta falcons. it is a month after the nfl
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commissioner warned there will be no extra games and any games are canceled because of nonvaccinated players have to come out of the team so that is motivating when players make millions of dollars per game so looks like 32 of the league's teams to have vaccination rate of 75%, 95% is a great system. you motivate them through their pockets. stuart: it is working. >> you have great chemistry with greg norman. stuart: i like the guy. tuesday trivia question. how many tons of garbage do americans throw out every year, the whole country? the answer and we come back. ♪♪
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♪♪ . . ♪♪ ♪♪ we did it again. verizon has been named america's most reliable network by rootmetrics. and our customers rated us #1 for network quality in america according to j.d. power. number one in reliability, 16 times in a row. most awarded for network quality, 27 times in a row. proving once again that nobody builds networks like verizon. that's why we're building 5g right, that's why there's only one best network. i'm greg, i'm 68 years old. i do motivational speaking
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in addition to the substitute teaching. i honestly feel that that's my calling-- to give back to younger people. i think most adults will start realizing that they don't recall things as quickly as they used to or they don't remember things as vividly as they once did. i've been taking prevagen for about three years now. people say to me periodically, "man, you've got a memory like an elephant." it's really, really helped me tremendously. prevagen. healthier brain. better life.
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stuart: there is that, the trivia question, here we go. how many tons of garbage do americans throw out every year, that means collectively, the whole country? the answer is, 292 million-pounds of garbage per year. that is 4.9-pounds per person per day. by the way about 69 million tons will be recycled. 25 million tons will be composted. susan: composted. stuart: are you sure? susan: come poet. tomato, tomato. stuart: who cares. get this in before we about. check the market. plenty of red ink, i've got
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that. now there is this, a former state department contractor tells fox news that the taliban are beating people as they head to the airport in kabul. they're going through neighborhoods looking for people that worked with the u.s. government. stay with fox business throughout the day to keep on top of this obviously developing story of great import to all of us. time's up for me. neil, sir, it is yours. neil: all right, stuart, thank you. as you've been pointing out earlier the taliban are presenting themselves as a new, improved, completely different organization. this would certainly fly in the face of that. thank you, stuart, we're down 330 points. confusion what is happening right now in afghanistan. the taliban we know has surrounded the kabul airport. we know they have quickly consolidated control but they did put out a pr statement, the best way i can explain it, where they said no one from the u.s. will be hurt and declared amnesty

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