stuart: huge. ashley: freddie mac in the press release comes with this every week, business sentiment is no doubt declining but consumer sentiment remains very strong. they are also saying, of course these low rates, even if you're not buying a home, there will be increase in refinancing. stuart: real fast, bring in george c, annandale capital. george, i see this as a plus for housing, certainly for the refi market, therefore for the economy. what say you? >> no question, it is all positive. good morning stuart. purchasers of home and commercial real estate prices have gone up quite a bit lately. even for someone who can borrow at wildly low rates, they're really, really attractive for anyone who want to take on debt, prices of the underlying real estate themselves have gone up significantly. you have to be careful on price. i think consumer, the commercial buyer can afford to be patient right now, wait for prices to drop a little bit. stuart: i was going to say that. it looks to me like rates are

stuart: really? ashley: yes. stuart: fascinating. so if they have withdrawn -- ashley: they aren't going away but the first wave of trying to get these protesters out. stuart: when you look at the sequence of events today regarding china, america and hong kong, it is as follows. about an hour and a half ago, we received word that we were going to delay the imposition of tariffs on a wide range of chinese products until december 15th. that's some breathing space. this was a wide range of products from video games, toys, computers, footwear, you name it, a vast swatch of products made in china would not be subject to tariffs at least until december 15th. that was seen as very much a calming move in the china/u.s. trade talks and the result was a very strong stock market rally. now literally moments ago, in hong kong, the police have attempted to get rid of the demonstrators, push them out, forcefully out of hong kong's airport -- ashley: protesters throwing objects at the riot police, or riot police responding with pepper spray. they a

stuart: okay. that will be good for our economy, will it juice it just a little? >> it would be great for our economy. stu, it's amazing what cfos can do with a 25 basis point cut in the cost of money. remember, we have a lot of companies already where their market currency is way higher than it's ever been. so they get a 25 basis point cut, they can do a lot of things. remember, if you look at business investment, that is the one metric that has sort of flatlined even though we have all of this other good news. stuart: okay. herman, stay there, please. more for you in a moment. look at the big board, check futures. the dow is going to be up a little more at the opening bell, maybe 60 points. it's up, what, 1% this week as of yesterday's close. up again this morning just a little. >>> a second item for your attention. that recession signal, the inverted yield curve. what we've got now is a no inversion. the ten-year yield's above the two-year and that's the way it's supposed to be. that's probably

stuart: okay. additional tax cuts, maybe surfacing during the campaign primarily for the middle class. jason johnson is with us, former adviser to ted cruz's presidential campaign. why are we talking about tax cuts when the economy at this moment is doing pretty well? >> you bet, stuart. thanks for having me. very simple. political context. as we know, the number one threat to the president's re-election is a recession, and it's not so much that one may occur. any time something happens, voters understand things are going to happen, including recession. the question is who do the voters blame. we know democrats right now are cheering for a recession. we know that with regard to the last tax cuts, democrats have claimed all of those benefits went only to the top 1%. payroll taxes are a very different matter. this could be a very, very good strategic move for the president going into a re-election, putting nancy pelosi and the democrats in a box, forcing them to say no to payroll tax cuts which witho

stuart: okay. scott, this is for you. a presidential tweet just coming to us, here it is. as they have learned in the last two years, our great american farmers know that china will not be able to hurt them and that their president has stuck with them and done what no other president will do and i'll do it again next year if necessary. scott, i think he's talking about paying farmers subsidies for lost business, right? >> 100%. we have a family farm, as you well know, and i will tell you, the farmers out there will tell you this. they would rather have open markets rather than a subsidy. bottom line. so while the president does have some good will capital to spend there, that good will capital does run out. stuart: i want to talk to peter about interest rates. the yield on the ten-year treasury this morning, 1.75%, still at that very very low level. the market is telling us there are more rate cuts to come. now, i think the silver lining here is lower mortgage rates. we're at 3.75% at the moment on

stuart: i'm not. >> stuart, you are. stuart: across the media, you are regarded as the president's right hand man on trade. you are the china hard liner. >> sure. where did you hear that from? you heard that from media which you are trying to stir up trouble. what we have i think is the finest trade team that's ever been assembled and that includes secretary mnuchin, robert lighthizer, wilbur ross, larry kudlow and myself with the president leading that band. it's the president that makes the decision. we have very diverse points of view and when the president makes a decision, we are all behind him. all of this other stuff -- look, here's what's important. stuart: i'm sorry. i've just got to interrupt because this is important. >> i know, but you are being provocative here. stuart: i'm not. i'm not. i'm talking about the seven deadly sins, the seven points which you have raised which are really radical change in china is what you are demanding. >> why use the word radical? stuart: okay. big change. put it like that. big

stuart: okay. george, thanks for joining us. we appreciate it. see you again soon. >>> now, back to what i referred to at the top of the hour here. former new york fed president bill dudley got totally political. he says the fed should not cut rates because that would help president trump get re-elected. brad blakeman still with us. i'm astonished at this. that's blatant politics. wait a second. i have to ask the obvious question. what's the difference between him saying don't cut rates because it might hurt trump, that's political, and president trump saying hey, jay powell, you are the enemy? what's the difference? >> here's the difference. president trump's political. he got to office and elected by the people. the fed is appointed. and confirmed by the senate. their job is not to be political and to not weigh in, especially in a political cycle, as important as this one. a presidential selection process. so i think it's totally inappropriate. he's trying to come to the aid of his buddies but th

stuart: okay. ashley: wow! stuart: five million. doesn't seem a lot of money to me in the overall context of these settlements. >> no. stuart: kristina, thank you very much for joining us. have a great weekend. >>> check the big board. not a bad rally to end the week. america seems only game in town when it comes to your money. charles payne coming up on top of the hour. >>> nike, a new high-tech sneaker. you can lace them up by using an app on your phone. i just can't wait to get one of them. if you're so interested, we're going to explain how this thing works. more "varney" after this. complete sarcasm. ♪ ♪ this is the family who wanted to connect... to go where they could explore and experience adventure in unexpected places... ♪ who were inspired by different cultures ♪ and found that the past can create new memories... leading them to discover: we're woven together by the moments we share. for everywhere you go, expedia has everything you need, all in one place. stuart: it has been like this for most of the morning. rou

stuart: but. ashley: what is other interesting part of this poll, 18-34 hardly watch television at all. stuart: i know that. ashley: that is very interesting. stuart: my children, grandchildren, they have the tv screen, got them in the house, everything is on this, the way it is. kiss of death for my business. next case. sort out the chinese tech money coming into american basketball, shall we? alibaba, cofounder is expected to sign a deal to buy brooklyn's barclays center. now the nets, because the nets play there, the nets ceo, he is going to step down. i take it he is stepping down because he was told to step down? >> he has worked there for gsc global, parent of the nets. all of sudden he is stepping down after this. he will manage the transition, something that we do know. we know, joe sy, bought the barclays center in addition to majority stake in the team as well. that is a pretty big investment for him. stuart: did the ceo who is out, manage the team or office manager type? >> he was offic

stuart: mr. secretary, juul is spending $100 million to help retailers install technology would verify at point of sale the age of people who buy the vaping products. is that enough? will that stop these vapes getting into the hands of kids? >> we welcome any effort that keeps these products out of the hands of kids. we're simply not going to permit another generation of children to become addicted to nicotine, that is on-ramp to tobacco utilization. let me be very clear. we're facing epidemic of youth using vaping, products. 80% increase of high schoolkids vaping, using e-cigarettes. 50% of increase of middle schoolers using it. we'll use every regulatory enforcement power that we have to prevent this epidemic from continuing. we will stop youth use of e-cigarettes and vaping materials. stuart: can you say for sure that the use of vaping device, which puts these vapors in your lungs, regardless of what you're vaping, whether it is marijuana or tobacco, whatever, is there absolute proof that it i

thanks, stuart. stuart: yeah. i think you're going to be looking good in the very near future because the price of oil is, look at it on the screen, $50 a barrel, way, way down. that surely means that jet fuel prices are going to go down and your profit margin's going to go up. tell me where i'm going wrong. >> that's a good start. airlines for the most part like low fuel prices. it's the largest cost that we have. i think airlines have struggled over the years with just the way the price moves up and down. i think one of the things we have seen over the last few years overall is instability. we do have to plan for the long term so you can't get super-excited one day and say oil is down 5%, airplanes are very expensive so you have to take a longer term view what you think oil is going to do. stuart: but your business could take a hit because of this worldwide slowdown in economies all the way around the world. and also, you've got fewer foreigners coming to america from europe, especially, because america with its

stuart: thank you, lisa. >> thanks, stuart. stuart: coming up we have the story of a 22-year-old accused of scamming amazon out of $370,000? how did he do it? he used dirt. ashley: we'll have the dirt. stuart: that's right. president trump's new tariff threat on china could end up costing you more in back to school shopping. we have the numbers for you. back in a moment. ♪ imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. shipsticks.com saves you time and money. all right brad, once again i have revolutionized the songwriting process. oh, here we go. i know i can't play an instrument, but th

stuart: and? i do want the audience to see that wonderful picture of you and the seven children that you -- >> yes. stuart: -- have accumulated. ashley: sound of music. stuart: do they sing? >> they do, very poorly, like us. yeah. my beautiful bride, former jennifer cunningham, now jennifer hegseth, works at fox nation here. she has three kids from a previous and i have three and we have one together, gwennie who is swinging between the two of us. stuart: her second birthday friday? >> at our wedding. we threw a big old party. what they didn't have, maybe we will get it when professional photos come out, is stuart varney dancing. stuart: that's not true. that is not true. >> you never know. if it's out there. we are going to have it. it will be on the air. stuart: i just wanted to congratulate you. wonderful wedding. it was at a trump national golf course in new jersey. >> colt's neck. listen, we just wanted to have a huge party with the people who have loved and embraced us and celebrate with the

stuart: okay. i agree with that. i think there are several more rate cuts to come, starting fairly soon. because i think we have to match the challenge of europe. they're cutting rates, they're printing all kinds of money. we have to match that to some degree. we are being forced into a corner here. i think we're in agreement, more rate cuts to come. can we leave it at that? >> yes. i would agree with that. stuart: okay. glad to hear it. let me get to this. president trump, as you know, you know this, he's had a long-running feud with democrat elijah cummings over baltimore. now listen to this from congressman cummings himself on baltimore's condition. roll that tape. >> this morning, i left my community of baltimore, a drug infested area where a lot of the drugs that we're talking about today have already taken the lives of so many children, the same children that i watched 14 or 15 years ago as they grew up, now walking around like zombies. stuart: all right, you heard all of this, the backwards

stuart: university of oklahoma. >> great. stuart: really? >> yes. stuart: doesn't go to the addicts who have been affected. it goes to a university to study addiction.ut okay, i would rather it go directly to the addicts. fair point. but at least studying addiction may lead to some alternative treatments. it may lead to methods including medically assisted therapy to get people off of these opioids. i'm not against it. much better that it goes there than it goes to some place that has nothing to do with the problem. but we need the money to go to addicts. you are absolutely right about that. it should go to addicts, should go to rehab centers and to prevention. stuart: doc siegel, thank you for joining us. unusual for you getting the "a" block of the 9:00 hour but it was worth it today. >> really great to see you charged up. this is a very very very important verdict. stuart: yes, it is. it is indeed. thank you very much, sir. >>> let's get back to your money. we have a look at interest rates. the yield on the ten-year treasury is 1.51%. i hereby pr

stuart: it does. ashley: if you are going to go seven days a week, try to save with lower paid drivers on sundays. stuart: owhat are the drivers wo make less on the weekends going to say? ashley: they agreed to a two-tier wage system and you had those who may be doing part-time, they are cheaper, they don't earn as much as the express delivery guys. stuart: look at boeing, please. way down again today. i think the level is actually down to about $331, on boeing. that's down 2.5%. they are going to redesign entirely the flight control deck on the max jet. they can't catch a break. all those people who bought boeing at $360, $370, expecting the bounce-back, they didn't get it. >> no, they didn't get it. also, they are affecting the airlines. i think they have a big public relations problem that they have to get over. i think the fact they haven't handled it correctly is hurting them and will continue to hurt them as time goes on. stuart: all right. it's 9:40 eastern time. that means we say good-bye to j

we were expecting -- >> stuart -- stuart: hold on. we were expecting that china would buy a lot of agricultural products. >> and they didn't. and they didn't. stuart: will they? >> we don't know that. and something happened between the g20 and the meeting in shanghai about a week ago. but you have to give the president his due on this, and whether you support him or not, no president in our lifetime has gone after china. nobody. that's why i think we have bipartisan support. chuck schumer has come out and said it. some liberal columnists for other networks have come out and said it. so this is an organic thing. it's happening. look, we were laughing here at the commercial break, there's no bad news from hong kong right now but stay tuned, maybe something's going to happen, there's 12 hours' difference. stuart: lots of moving parts. >> absolutely. stuart: hong kong is tied into the trade talks just like a lot of other factors. >> nobody thought in the beginning they were but you cannot remove hong kong from the trade talks, no. stuart:

stuart: ouch. two gaffs in the same day, not good for the front-running democrat. unfortunately the latest in a series missteps and stumbles. let's get right at it, shall we. joe biden is 76 years old. he is 77 in november. if he wins the oval office he will be 78 at the start of his presidency. without putting two fine a point on it, for a president, that's old. now i may be guilty of ageism here. i am suggesting that his latest gaffs are the result of his age. joe biden is just not sharp. that is true of many people in their 70s be myself included. but you have to wonder if 78 is too old to begin a four year presidential term? there is also the question of stamina, can he, a, get through grueling schedule of appearances debates and speeches, b, stay focused intellectually avoiding gaffs that become all too frequent. it's a fair question. democrat voters will have to deal with it. in fact the whole party has to deal with age. speaker pelosi is the highest ranking democrat in the land. she is 79 an

stuart, take it away. stuart: good morning, dagen. good morning, everyone. those meetings of world leaders, they used to be kind of ho-hum, didn't they? nothing much happened? trump's changed all of that. he has dominated this g7, he's lined up trade deals, opened up trade talks and it looks like china is going along. first off, japan, a $7 billion deal. they buy a lot of our agricultural products. britain, a huge deal after brexit, after the brits leave the eu on october 31st. big deal coming. germany, new dialogue on car tariffs. then there's china. they called up twice, the president says. he says they want to talk and he says a delay in the new tariffs is quote, possible. china says it is willing to resolve the dispute through calm negotiations. all sounds fairly promising and the market likes it. the dow industrials, huge drop friday, back up maybe 200 points this morning. s&p, same story, down friday, back up 18 today, about .66%. the nasdaq looks like it's going up .75% at the opening bell. caution. mr. trump holds a news conference which is scheduled

stuart: don't even ask. we are going to go up, 200 points for the dow, 70 for the nasdaq, across-the-board you're going to be at 1%. stay there and we will take you to wall street after this. hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪ stuart: record air travel expected over the labor day weekend. you're the utterly meaningless numbers. how about 17 and a half million. that is how many will fly worldwide not just in the u.s. they don't have labor day in asia or africa. the biggest trouble they would august 30 which is the friday going into liberty we can and it will be close to 3 million on the airlines. imagine the crowds. stuart: to your point earlier in the commercial break, gases to .60

stuart: this is more important, larry. the world has never seen this before, ever in human history and it's happening right now. >> well, you're the anchor and i got to go with you, buddy. i think rates in europe are low and negative, i think that is quite unusual. i think to a large extent, stu, it's a function of their terrible economy. nobody is growing in europe today and in fact, there's evidence of a spreading recession. so that's point number one. real interest rates have collapsed. second point, european central bank keeps pouring money in, i guess more to come. i do not believe, this is just me talking, that more liquidity and more quantitative easing is going to do the job. they have been trying that for many years. it doesn't work. what europe has got to do, in my judgment and maybe we will have some of these discussions at the forthcoming g7 meeting in france, they need to make reforms, they need lower tax rates, they need lower regulation, they need to have more market oriented energy, they need to reduce trad

dragoons led by colonel gwin sumner and lieutenant jeb stuart -- yes that jeb stuart -- arrived three days later, brown produced this signed agreement and insisted that pate and brock et were his prisoners until pro slavery forces released his son, according to the document. sumner told brown that he would not parcely with quote lawless and armed men. and he demanded that brown release his prisoners and return their things. brown wasn't happy about this. pate wasn't holding up his end of the deal. their agreement was being disrupted. and while brown was forced to free pate and his men while faced with armed u.s. soldiers, he did something. he kept the side arms. he kept henry clay pate's bowie knife. when pate carried his knife to kansas it threatened a border war. bowie knives meant aggression in private life and public politics. they defied social norms. crossed lines, broke laws. they asserted supremacy at knife point. after swords went out of fashion -- and they went out of fashion at the start of the 19th century -- bowie knives solved a problem of self-defense. gentleman tried c

good to have you here, stuart. >> it's good to be here. >> are you ready for this? >> as ready as i'm gonna get. let's say that. >> the intellectual heavyweight, i like that. >> that's what they call me. >> 14 questions between you and that $1 million. you got your 3 lifelines, are there if and when you need them. let's start this match. let's play "who wants to be a millionaire." [dramatic musical flourish] ♪ round 1. $500. here we go. because they're distracting, some music artists now require concertgoers to put their what in a special pouch that stays locked for the duration of the show? >> oh, i wish it was d. i wish so badly it was d. but i'm going to have to say b,a >> and we would poke holes in the bag so it would be okay for the kids to be in the bag. >> yeah, no, whatever. >> we're not animals. that's right. we're not animals. second question, worth 1,000. which of these common foods is actually made from the animal mentioned in its name? >> well, horseradish is a root. bear claw is a donut. if i ever ate a chocolate bunny that had bunny in it, i'd proba

england came out there, stuart broad, chris woakes, there, stuart broad, chris woakes, the bold —— they went out and bold beautifully. then steve smith does what he does, we don't know how to get him out. i think it will go down in his pile of test 100s as one of the most satisfying. and real redemption for a player, what a turnaround in fortunes. and itjust looks so simple. he missed a couple of great deliveries for stuart broad. at the end of the day we had eve ryo ne broad. at the end of the day we had everyone on the boundary, how embarrassing. nine wickets down. what can you do? england will be pulling their hair out. they have got into a decent position, bowling wail, but it will be turning in the players' stomachs tonight. and bad news aboutjimmy anderson. players' stomachs tonight. and bad news about jimmy anderson. we have missed him. more work for the other seam bowlers. 0nly missed him. more work for the other seam bowlers. only four overs from james anderson. he has had that calf problem. he went for a scan at lunchtime and we haven't seen him since. and the bowlers picking

stuart and i worked together as writers on one of those dramas. he is a mississippi republican supporting a massachusetts republican, bill weld, to challenge donald trump for the nomination. he's not jutrying to save amerim donald trump and stuart stephens will get tonight's last word. >>> we begin with the breaking news from deutsche bank that deutsche bank has donald trump's tax returns. that is not exactly what deutsche bank said in its redacted legal filing today, but it is what one source close to deutsche bank has revealed to me about the financial documents in the bank's possession. and so the words donald trump probably do appear in the redacted space in today's court filing. deutsche bank's lawyers told the federal court of appeals in new york city, quote, the bank has in its possession tax returns in either draft or as filed form responsive to the subpoenas for, redacted. right there, that's probably where the words donald trump appear. it goes on. in addition, the bank has documents related to parties not named in the subpoenas but who

these things are getting in somehow, stuart. >> stuart: yeah, if there is a will, there's a way. law enforcement understands that if you are intending on getting a weapon, whether it legally or illegally, there is an opportunity out there to get it. i think the thing here is that we are seeing him threatening to shoot up an employer, place of business, or a school. how many just arrests have hap. it is no longer a laughing matter. it is no longer going to be left to law enforcement to sort it out. they are going to apprehend these individuals, bring them to justice, and leave edge to the courts to decide as to how they are going to be dealt with. >> trace: yeah, you bring up a very good point, and i want to play this sound bite. this really goes to that point. watch this. >> we understand that sometimes individuals feel like they might be overreacting, but this incident highlights the importance of coming forward when someone is a witness or may have any information regarding the crime. >> trace: so this fellow employee turns him in, and what the police say is that they were very

stuart,stuart -- david: same thing to you. what do you do on the equities side? stuart: investors are in a little bit of a weird spot right now. essentially a bit of a holding pattern. our view from u.s. equity strategists is you have a reasonable amount of downside from here into year-end. want to remain patient with this. our view is that this as much is a trade issue as a political issue. the election cycle will play a lot into whether or not it is get resolved. sometimes, a summer other times a boil. the buy-dip level is. alix: if you see more of a bond market rally, where is the safety in the market? within u.s. equity markets, it's been low volatility stocks with more stable earnings growth outlooks and who higher dividend yields. stuff like that stocks like microsoft have benefited from that kind of thing. i think you will see stocks that have outperformed over the last 12 to 18 months continue. but weuld still be down, don't have a basis. david: we heard from mr. bullard yesterday, who said we've done what we think we are going to do. but it was note, una

stuart was absolutely terrified to meet the great general. so during the setting he tried to make washington more eddies. he said something to the effect of general washington, you must let yourself forget that you are general washington and i am stuart the painter. while washington gave a well- intentioned reply he said something about the fact that, there's no need for me to forget that i am general washington and you are stuart the painter. a kind of an stilted-- insulted stuart felt that he was giving him a backhanded slap. because of that, he got the-- washington, one of the images that we had of him and this is one of the most famous. when you look at that what is the single feature of that painting? what is it? the mouth. look at it. it's kind of clenched. it looks like he's in some discomfort. some kind of pain. from that image, the view that we have of washington is that he is glum, that he is awkward, he is unapproachable, he is grumpy perhaps, and that is not so. he was not a square jotted stiff shirt jotted stiff shirt. the george

stuart pollitt -- know what i'm going to do. stuart pollitt — — bury know what i'm going to do. stuart pollitt —— bury is my club and my home. bury's history might be one of service in the lower leagues but it was not under that way. at 1.100 or so years ago this was the biggest clu b so years ago this was the biggest club around manchester. before manchester and manchester united rose to national prominence, it was ashley bury who won two fa cups and then reach an fa cup final. it's the old est then reach an fa cup final. it's the oldest grounds in the area, over one her 25 years of football being played. because have always been fabric of the local area. played. because have always been fabric of the local areal played. because have always been fabric of the local area. i never thought a club with a big history would ever be in this sort of situation. it is ashley been torture. every day you get up and think, "today might be the date that something good happens". and it hasn't. i just something good happens". and it hasn't. ijust can't believe it. we are not one of the big

that officer, pc stuart outing, 28 ina that officer, pc stuart outing, 28 in a serious but stable condition in the royal london hospital where he is recovering from surgery. he has been with the force for ten years and now the defendant will face trial at the old bailey and will appear there next on september the 6th. thank you, richard lister. some very unsummery weather is causing huge disruption to people's holiday plans. heavy rain and strong winds are affecting many parts of the country, with the met office forecasting winds of up to 60mph for parts of the channel coast, south west england and west wales. rail and ferry services are affected, and a number of festivals and outdoor events have been cancelled. lisa hampele has the details: it's the height of summer, but you wouldn't know it. what the met office is calling unseasonal weather is expected to hit nearly all the uk. west lothian in scotland has already got problems, with localised flooding from heavy rain. and overnight, cctv pictures from a village car park in wrexham in wales show lightning striking a car. weather warnings f

stuart: i shall. good morning, maria. good morning, everyone. all over the world there's stimulus pumping money in to get things moving faster. maybe helping your 401(k). europe widely expected to print up a storm of euros again. china has announced its own stimulus package. and america, the president wants a big interest rate cut and he's reportedly at least talking about more tax cuts. you want to make sure america's economy remains the strongest in the world. when everyone else is printing and stimulating and lowering rates, he doesn't want america left behind. the market appears to like it up to a point. we are going to be down a little bit, there you go, we turned

stuart broad dismissing. the wickets continue to fall one up the other. at that point, australia were 122. it looked like the wheels were coming off. but then steve smith, the former captain, one of the finest batsmen in the world, with one of the finest ashes innings. it was quite an extraordinary innings. they eventually did, 144 for him. by that point, australia with 284. it looked like it was going to be a terrible day for them is turned into a very good scoring. they finished on ten without loss but today that seesawed from one way to the other in a set—up, a really intriguing test match. it's been a long time coming but i'm lost for words at the moment. just really proud. i was able to help all the team out of a bit of trouble. obviously england bowled exceptionally well in the first two sessions. it was hard work out there. i was able to fight through those difficult periods. after losing the toss and bowling, bowling 300 for every day of the week. we don't know how good a score that will be until we have batted on it. i think here, data that wil

when stuart broad was the ninth man out, england still needed 73. all over, surely. but after being joined by last manjack leach, stokes unleashed something quite extraordinary, tearing into the australian bowling. and as he reached his century, the crowd sensed something special. 100 for ben stokes. what a summer he's having. six followed six as the target ticked down. stokes utterly inspired, it was spine—tingling, spectacular drama as this took england within two. there was so nearly a late twist, a run out chance, but australia fumbled. could you believe it? and moments later, stokes sent headingley into utter euphoria. single—handedly, single—battedly, he dragged england to an astonishing win, and as the celebrations continued inside the stadium, outside, the fans could barely believe it. that is one of those performances that goes down in history. that's a "we were there" moment. 50, ben stokes now. brilliant innings. we said he had to start playing some shots, hitting it, well, he did that and then some, didn't he? finest innings i've seen from an englan

right now, stuart varney, "varney & company," take it away. stuart: good morning, dagen. good morning, everyone. it's friday. this is a good way to end a rotten week. half an hour from now, the dow will go up over 200 points and there will be a solid gain for the s&p, up about 25. look at that nasdaq, up about 81. all right. why this rally? first of all, president trump talked last night about a china trade deal in the near future. maybe not a comprehensive deal, but a modest agreement. he and xi jinping have talked on the phone and will talk again soon. that's regarded as a positive. and china has announced a new stimulus program. that shows they are indeed hurting. there's a protest under way i

what's the latest stuart? it has been very difficult for people who have had to evacuate their homes, 1500 of them. what can you tell us? that is the police cordon, which closes off the whole of lower whaley bridge. that is the pa rt of lower whaley bridge. that is the part that has been evacuated. we are now starting to see a steady stream of residents and people who have businesses in the time, they are asking for permission to go through and collect things that they had to leave in a hurry. they give the police their mobile phone number, and they have 15 minutes to get in there, gather what they want, medicines, passports, pets, and get out of there. the situation by the reservoir is that the work to lower the level of the water has continued overnight. there are extra fire crews from arriving all over the country. that work will continue with the new urgency knowing that there are storms on the way tomorrow with the met office yellow warning. that could hamper the efforts of those people on the mirrors. th

stuart "varney." coming up, a landmark ruling in oklahoma judge expected to issue a historic decision on whether johnson & johnson will be held responsible for the state's opioid epidemic. we have the very latest. plus, beyond neat kentucky fried chicken, the meatless market shares of beyond meat up on the nose, when you could give it a taste, we'll tell you. >> ♪ but i still haven't found, what i'm looking for ♪ ♪ can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you. from the 5am wakers, to the 6am sleepers. everyone uses their phone differently and in different places. that's why xfinity mobile created a wireless network that auto connects you to millions of secure wifi hot spots. and the best lte everywhere else. xfinity mobile is a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. pl

what's the latest, stuart? it's a nightmare for 1500 people, told to evacuate, not knowing when they can go back. that's right. and whaley bridge at this time of day should be springing into life. as you can see, there is a police cordoned. the lower part of the town is completely cut off. the shops and cafe is that should be busy today will remain closed. the pubs, one man has been telling me that all but one of the pubs is cut off. he is off to macclesfield for a point later on. 1500 people have been moved out of properties. they are being allowed back briefly today for a15 being allowed back briefly today for a 15 minute windows of one person at a 15 minute windows of one person at a time into the property to get essentials, the kind of things they didn't have time to take with them when they were moved out 48 hours ago. medicines, things for their pet. somebody told me he has a business in town and needs to go and get a computer server. someone else has passports and needs to get them for holiday this week.

stuart? stuart: good morning, dagen. good morning, everyone. please look right off the top at this. huge selloff this morning, wiping out most if not all of yesterday's gains from the rally. we are down big-time. the dow industrials will be off well over 300 points. the s&p, about 1.33%. the nasdaq over 100 points, 1.5% down at the opening bell this morning. here's the backdrop. long-term rates are now below short-term rates. actually, they are right about even right there. we had an inversion earlier. that inversion is considered a signal of a coming recession. as our rates fall, so does the stock market. go figure that one. look, in my opinion, long-term

out, england needed 73 runs —— stuart was the ninth man out. ben stokes ripped into the australian bowling. a spectacular performance from him, eight sixes in total. a stunning achievement. he had some luck. he was dropped at one point, australia fumbling a run out and there was an lbw appeal turned down which replays showed was hitting the stumps. australia by that stage had used up their reviews. england rode their luck but how ben stokes deserved it as he hit the boundary that sent headingley into europe for your —— into euphoria. this was the scene of a young both in‘s heroics in 1981 and this was right up there. if england had lost this match, their ashes hopes would have been over. it is level after this and after this they will believe anything is possible. moments like that don't come along very often and you know, it was just an amazing game to be part of. to be there at the end and keep our ashes hopes alive was a pretty special feeling. on to football — and the english premier league champions manchester city maintained their

varney, stuart varney, take it away. stuart: good morning, dagen. good morning, everyone. johnson & johnson has been ordered to pay the state of oklahoma $572 million. the judge said they played down the dangers and oversold the benefits of opioids. now, there are more than 2,000 opioid lawsuits still going forward. you'd think that would be bad news for j & j's stock but look at this. the verdict came after the market closed so today is the first opportunity for investors to pass their judgment, and the stock is up $1.40. that's premarket trading. we are going to get into this just a little later in the show. >>> that monmouth poll has thrown a big wrench into the presidential campaign of joe biden. he's lost his lead. he's made another gaffe. on occasion when he goes off prompter h

but then the wickets tumbled, when stuart broad was the ninth man out, england still needed 73. all over, surely? but after being joined by last manjack leach, stokes unleashed something quite extraordinary. tearing into the australian bowling and as he reached his century, the crowd sensed something special. hundred for ben stokes, what a summer hundred for ben stokes, what a summer he's having. six followed six as the target ticked down. stokes utterly inspired, it was spine tingling, spectacular drama, as this took england within two. it is six... australia had their chances, they dropped a catch and then they fumbled a run out. could you believe it? moments later, stokes sent headingley into dreamland. single—handedly, single batted, he dragged england to an astonishing win. even by his standards, an extraordinary feat. moments like that don't come along very often and it's an amazing game to be part of, to be there at the end and still keep our ashes hopes alive. it was a pretty special feeling coming off at the end. and for those who had just watched him, it is one of th

stuart broad getting his third australian wicket. this time matthew wade, going for 6. steve smith is still in, though england trying to cause as much damage as possible, after rain forced most of yesterday's play to be abandoned. updates on the bbc website on that one. the first of the day's premier league matches is about to kick off — it's arsenal against burnley — david luiz and dani ceballos are making their full debuts for arsenal, but mezut 0zil is still absent. burnley‘s line—up is the same 11 that started last

thank you very much, stuart. now in essex an 11—year—old girl has become a bmx world champion — freia started riding a bike aged just two. so what makes her so good, amelia? she is incredible. she is unbeatable in her age category. let's show you some pictures so you can see what she does. she is in the start gate. when she is out, the way to tell which one is freia is by looking at the person in front. her coach met her when she was five years old. he said it wasjust her when she was five years old. he said it was just a couple of sessions and he knew that she had something special. he talks about how great technical ability, but thatis how great technical ability, but that is even more than that, the absolute desire to win, which he says you did not often see just that com plete says you did not often see just that complete desire and someone so young. she is just complete desire and someone so young. she isjust back from complete desire and someone so young. she is just back from the bmx world championsh

more composed there but this was ben stokes immediately after that match, tweeted by his team mate stuart broad from the changing rooms. broad says, "not sure he can quite believe what he's just done." neither can we! let's step away from the ashes for the moment. we've had a busy day in the premier league. the bigget shock came at tottenham where joelinton‘s first—half goal gave newcastle a 1—0 victory over a below—par spurs and earned steve bruce his first win since taking over. nick parrott was watching. after earning a draw at champions manchester city, tottenham might have been rubbing their hands at the prospect of facing a team who had yet to secure a point. sporting their away kit, newcastle looked more like the netherlands than the magpies and perhaps it changed their mindset too. they were the first to land a shot on target, with longstaff testing hugo lloris. and the first to make a breakthrough. joelinton showing why newcastle broke their transfer record to sign the brazilian. tottenham came from behind in their last two matches, but struggled to threaten here. son heu

police constable stuart outten, hailed as a hero after a machete attack which could have killed him. the 28—year—old has been a policeman all his adult life. his family said today he had been "overwhelmed" by the level of public support. it was on this east london street that pc outten was set upon after stopping a van suspected of having no insurance. despite horrific injuries to his head and hand, he subdued his attacker with a taser. 56—year—old muhammad rodwan from luton appeared at thames magistrates' court this morning charged with the attempted murder of the young policeman and possession of an offensive weapon in public. muhammad rodwan was in court for less than five minutes. he stood to give his name, his date of birth and to confirm that he is british. he said he had no fixed address and there was no application for bail. murder of the young policeman and possession of an offensive he remains in custody and will now face trial at the old bailey. he'll return to court next month. richard lister, bbc news, at thames magistrates' court. borisjohnson says preparing for

stuart: yes, we do. dagen: 9:00 a.m., stuart varney, varney & company, markets wild ride, reversing course following earnings beat and erasing headline of china retaliating and cooler statement from the foreign ministry about trade and talks, we are less than 45 minutes away from the opening bell, stay with us. fun fact: 1 in 4 of us millennials have debt we might die with. and most of that debt is actually from credit cards. it's just not right. but with sofi, you can get your credit cards right - by consolidating your credit card debt into one monthly payment. you can get your interest rate right - by locking in a fixed low rate today. and you can get your money right. with sofi. check your rate in 2 minutes or less. get a no-fee personal loan up to $100k. to the wait did frowe just win-ners. prouders everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay for wha

stuart, thank you very much and tolu, thank you very much. appreciate having you on. the first time, appreciate it. >>> the 2020 race is heating up in iowa. the stakes, of course, there are high. one candidate in particular is on the rise. she's doing well. howie liz beth warren has been getting her numbers to rise so fast. we'll look at the senator's ground game in iowa next. it's time for the biggest sale of the year on the sleep number 360 smart bed. you can adjust your comfort on both sides your sleep number setting. can it help us fall asleep faster? yes, by gently warming your feet. but can it help keep us asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. so you can really promise better sleep. not promise... prove. and now, all beds are on sale! save 50% on the 360 sleep number limited edition smart bed. plus 0% interest for 24 months on all beds. only for a limited time. he borrowed billions donald trump failed as a businessman. and left a trail of bankruptcy and broken promises. he

stuart, just want to tell people what they're seeing. this is the police officer we believe and undercover police officer. he's right in the middle of that group. he has been -- demonstrating with the protesters. it seems to be -- protesters have their arm around his shoulder. he seems to be in some pain, i would suggest or certainly catching his breath given what has happened to him. he's leaning forwards and he's trying to -- others are around him covering their faces either with masks because they're worried about teargas or they don't want to be recognized or for whatever reason they're wearing masks at the moment. it does seem to be a little calmer now, but he is -- precarious position, shall we say. his hands are cable tied in front of him. some of the yellow helmets are around him. people are speaking to him. he is trying to be calm but struggling for breath on a -- heading in that direction. what does the atmosphere feel like where you are? it feels calmer than it did about a half an hour ago? >> reporter: it's very jumpy, kate.