happened. >> i am terrified, but it sounds like this gal was the female version of indiana jones or crocodile dundee, or the crocodile hunter the past away. maria: it is great to be with you. stuart varney takes over. stuart: get that snake off my screen. good morning. is this the start of a big and lasting selloff? the market won't snap back if you bought the dip in the past, you came out okay but this time look at this, the dow industrials down 382 wednesday,

down another 330 thursday morning, the s&p was down one%, not quite one% this morning but his way down again and so too is the nasdaq the two problems for stocks, the federal reserve will pull back its money printing operation in the next few months. second the spread of the delta variant is slowing the economy and threatens the return to school. we are down across the board yesterday and today, stocks selling off. arguably more important for america the debacle in afghanistan. the president gave a 20 minute speech on covid then walked away, no questions at all. later he told abc that the chaos in kabul was inevitable. on the ground this morning taliban rule gets worse by the day, protesters shot, women forced to wear burqas, massive

crowds at the airport including young girls pleading to get out because the taliban are coming, there are signs that some in the media are beginning to question biden's performance, democrats are not buying what they are hearing, the wall street journal sums it up like this. the us is hostage to the taliban. "varney and company" is about to begin. >> the last president negotiated a year earlier that he would be out by may 1st and the return would be no attack on american forces. that is why nothing was happening but the idea, if i said i had a simple choice, if i said we are going to stay, we better put a lot more troops in.

stuart: president biden this morning blaming donald trump for the chaos in afghanistan. it wasn't this morning. schedules show the president has no public speaking events today. i want to know the latest on evacuations. >> the latest numbers, 1800 individuals have been evacuated on ten last night across the us military so that brings the total to 6000 the past 5 days, you are the estimates of 10,000 still stuck in afghanistan and have to make their own way to the airport, the defense secretary says there is no way to grab everybody. they don't have the capability to do that. talk about the biden press conference no mention of afghanistan. didn't take any questions. take a look.

colombia >> president biden: god bless you and god bless our troops, thank you. >> people were up in arms saying the leader of the free world has no o the biggest catastrophe happening on the planet right now but was asked about the chaos of kabul airport. >> no one is being killed right now. god forgive me if i'm wrong but no one is killed right now. thousands, 1200 yesterday, a couple thousand today and it is increasing. we are going to get those people out. >> the exit was always going to be messy. stuart: the president is factually wrong, there are people being killed in kabul as we speak, they are being

killed, not necessarily americans but people protesting the taliban rule are being killed. the money situation in afghanistan big time down yesterday, same this morning, down 314 points and that is the dow industrials. at the top of the show a few minutes ago i said this was because the fed likely tapering and secondly delta slowing the economy. >> you will like hearing that, you're absolutely right. $120 billion in bond purchases will be reduced this year and probably end the middle of next year but that doesn't necessarily mean interest rates will go up anytime soon. employment, great numbers on the jobless claims front, the lowest since the pandemic started, still not strong enough for interest rates to go higher. most fed members say they won't

hike rates until 2023. wall street says november of 2022, 50% probability, 70% chance of interest rate increase in december of 2022. stuart: i don't think afghanistan is playing into the market. >> the tapering, was that a surprise? they talk about inflation and we see higher prices and higher price increases. why is this happening? should already be priced in. stuart: i can't explain the federal reserve. >> from 8% which would have been huge, 5% because of the delta variant spread. stuart: not helping the market. the super bowl as we like to call it, get to your analysis

or whether you are going to buy the dip. why you think this market is selling off yesterday and today. >> this will be the third day in a row. we sold often those selloffs are an all-time high, we are a hop, skip and jump from new highs, you have a horrific consumer confidence number friday and also a pretty abysmal retail sales number. i think the market needs a little bit of breath. yesterday you come in with the fed talking about tapering, we will see what the next minutes look like and if that ends up happening, by the time they are done with the tapering they

reverse it by $10 billion or 120 times 0 you have a balance sheet was $10 trillion on it, 2 to 3% interest with principal maturing. all of that will be reinvested which means likely to be $200 billion bought by the fed after the tapering is gone, before we entertain rate increases. stuart: are you going to buy the dip today? >> absolutely. i have clients with cash on the sidelines. if we get an acceleration of this i will sell bonds and buy more stocks. quantitative easing exists to cover up the incompetence of leftists when it comes to economics. what you are seeing in afghanistan is no different than how they are handling the economy. to paint over how better job obama did, the s&p is often% or 15% it will be the delta variant, then the land the

variant and whatever to create an excuse to pump up the stock market to cover up all of that. stuart: he is buying the dip, as successful as it has been in the past. thank you for joining us, we will check out the buying the dip. some retailers reported their earnings early this morning. macy's up 6%. >> they crushed street estimates way above wall street expectations and bringing in new customers and sales are going so much better, they will reinstate their dividend and buyback half $1 billion in stock. stuart: more to come back. how about kohl's? stock is it. >> shoppers raising sales guidance for the year planning to buy back half 1 billion to $700 million in stock. there is a theme among the retailers. stuart: i know about tapestry.

are:democratic luxury. >> how are they democratic luxury? >> just reachable. >> accessible luxury, democratic luxury. stuart: nothing to do with politics. >> rich, poor, let's not make that a dividing line but they came out with sales and the dividend as well. stuart: estée lauder. >> what do they do? they do really well and spending once again on high end because they want to go back to the office. >> pretty good earnings reports. >> what about the consumer and the economy? >> futures suggest the selloff continuing down 280 on the dow. looking at these headlines it

appears the media is starting to turn on president biden. the washington post, biden's grave miscalculation in afghanistan in the washington post. more on that. earlier this week we showed you this scene of people clinging to a military plan desperate to get out. and packed inside. president biden was asked about it. he seems confused and defensive. watch this. >> we have all seen pictures of hundreds of people packed into a c-17. we've seen afghans -- >> president biden: we -- that was 5 days ago. stuart: wesley hunt will take that on after this. coverage customizer tool? sorry? well, since you asked. it finds discounts

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stuart: futures point south, another one coming this morning, big tech down across the board yesterday, premarket down across the board all over again. apple, still kind of up there. let's move on. chaos in afghanistan. a june memo shows months for the biden take over the biden team moved to dismantle a system protecting americans trapped overseas. that memo, did that spell out removal of help for americans overseas? >> there was a contingency and crisis response created during the trump era, mike pompeo, designed for these situations with american citizens trapped overseas what is happening in afghanistan.

that has been dismantled by the biden administration. this could have come in handy with 10,000 american stuck in afghanistan, people criticizing the biden administration for removing the capability but a state department official telling fox news it was never formally established according to them but people say what alternatives do you have to get the people in need out of afghanistan? stuart: they don't have a plan. that seems to be the truth at the moment. wesley hunt is with us, army veteran in texas congressional candidate. he wrote this, an op-ed on foxnews.com. in what way will the catastrophe in afghanistan hunt america in the future? spell it out. >> reporter: i thank the brave men and women over the past 20 years but sacrificed so much to keep our country safe by fighting terror abroad. your sacrifice is not for not.

prior to that we had a conditions based withdrawal, 2500 troops in afghanistan and in the last 18 months, we lost one soldier do to combat that is what you call a stable area but right now president biden has failed us because he wants to stay on the twentieth anniversary of 9/11 that we have 0 troops in afghanistan and be -- as a soldier that is not leadership. we have to do what is in the best interest not just of this country but coalition forces abroad and we have abandoned 10,000 americans for the sake of political expediency and right now we look very weak. russia is watching, china is watching, pakistan is watching and there is blood in the water and the sharks are circling. we got to be careful how we move forward. stuart: we have 15,000 americans trapped in afghanistan, tens of thousands of america's friends trapped in

afghanistan, they can't get to the airport because it is surrounded by the taliban and. should our troops, american troops should go out and get those people and engage in combat to get them if necessary? >> that would be a tough decision for this week biden administration to make that we have committed 6000 troops to clean this mess up and probably going to have to commit more. those are our brothers and sisters behind enemy lines. it is our duty to go get them. we never leave an american behind, that is our motto and that is our mantra and if we can't do that we've lost what it means to be american. even if it means combat we have to go back and get our americans and make sure -- the coalition forces stood side-by-side with us to ensure that we have a better afghanistan. stuart: would you like to see the president, the commander-in-chief, come out and say that and state exactly

his position? you are not going to get it but would you like to see it? >> i would like to see it. it is leadership. we don't always get things right. it is clear he has gotten this wrong but we are americans. we always come back, we always do the right thing. right now president biden doesn't want to because it is not politically expedient to do so but their lives in danger. stuart: what did you make of the performance of general millie and the defense secretary austen. >> talking about wait for jillian woken us when we should have been focusing on how to leave afghanistan considering we had a pretty stable country, our generals and president biden put this up. we need to make sure we messed up, we didn't do this right but

the opportunity again it right. brave men and women step up to defend this country, ask us to do it, we will do it. it may not be politically expedient. stuart: thank you for bringing their expertise. stuart: dropped to 44,$000, sec chair gary gensler talking about crypto regulation. make me understand it. >> we had gary gensler half an hour ago talking about these projects. pay attention. listen to what he said.

>> innovative technologies but not neutral. somebody in the product offering security, should come in and register and decentralized finance platforms have a lot of centralization. >> it will be regulated by the sec. i didn't hear anything new. regulation by the sec legitimizes crypto currency which is a good thing. stuart: bitcoin -- i will try to understand later. the stock market which i do handle down 230 points, 60 for the nasdaq, "the opening bell" is next. ♪♪ got my mind set on you

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stuart: look at futures continuing the selloff not as dramatically as 10 minutes ago. greg smith joins us. you are telling investors prepare for selloff. how do you prepare for selloff. what do you do? >> i would encourage investors who might be on the precipice of a correction in the market to think about risking their equity portfolio. in a correction investors do the opposite, in an effort to raise cash but as the environment is changing i would reevaluate our portfolio and look at lightning up the risky assets. stuart: which industries are risky assets? not big tech surely. >> i'm holding on to my big tech names watching them go down and i will stick with them but i might point out a

spotlight, it has been a tale of two cities, we saw the year start off with names who are trading very well. we then saw a big slowdown in the market given that there was increased regulatory oversight and deals were not working. if you look at what is going on with all the names in their mergers you are seeing 58 of these companies trade below the $10 merger price and they are down 22%. 37 traded up but 58 are down and the bigger story the public doesn't understand is the redemption in these mergers. after going through the mergers investors can ask for $10 back in trust. in q111%, a record level, 11%

of investors asked for their money back, we saw that double to 24% in the second quarter and in august it is running at 57% with some deals in the 80s. many investors say we don't like this deal, i want my money back in these deals trade well. as we talk about a risky asset. stuart: i will look at it. greg smith, thanks for joining us, we appreciate it. that was interesting. once you get through the jargon the fact that 50% of people wanted the money back, the $10 they put in wanted it back that is a bad sign. >> if you don't find that target you are supposed to give back money to shareholders. and chaos in afghanistan.

"the opening bell" will be ringing in 20 seconds and this is the second day of losses, we. ground in "the opening bell". how we close i have no idea that we will lose ground the second or third day in a row. the dow is down 382 points, now 34,000 level and we will see some more selling this morning. the fed will taper and that violence is spreading again slowing the economy. right now, 9:30 eastern time thursday morning and we started on the downside. on the left-hand side of the screen all 30 dow stocks are down, whether it is one winner, merck is a winner and so is the other one. cisco and merck are winners. all the others are losers for now. we are down 236 on the dow,

down 28 on the s&p and i think we are down on the nasdaq well over half of a percentage point. big tech, bad losses yesterday, amazon has struggled back to the 3200 level. wasn't that long ago we had amazon at $3,700 a share. the big mover from the get-go robin hood. their revenue doubled but stock is down 8.45%. >> they were forecasting lowest trading revenue and trading activity in the summer months. a pretty elevated level in the springtime, some fantastic numbers from april to june. we have revenue sales doubling and a massive surge in crypto.

50% of sales come from crypto trading at 60% with from dogecoin. stuart: i don't see anything wonderful about that. you are making money out of a joke coin which surely will not last. >> you don't know that. crowdsourcing. stuart: dogecoin will be up. >> value is here to stay and depends on adoption in which companies choose big steps, dogecoin, robin hood itself, up $46 from the peak. stuart: are you going to buy at 46? that big dip? tell us what you are doing tomorrow morning. tesla, i know about long-term, tesla is down 5.6% -- stuart: you are being very specific with numbers.

>> takes weeks or months, four to eight weeks, flips past the fall time and elon musk, the richest man on the planet again. stuart: what did that do to put him back to number one and reduce bezos. >> 3200, lots of it, 7% after earnings into the stock at the $700 mark. stuart: tesla went to 700, bezos's net worth dropped to number 2. >> close to that.

it is the same and county. stuart: i am interested in toyota. they are down because of the chip shortage, they will produce fewer cars, 40% fewer. >> they are cutting production by 40%. those are only the japanese production and factory, think about stalling limited production outside of japan. >> just shows you the chip shortage is all over the place. >> to the said the same thing, a big problem for them. >> the dow down 130 points. then there is this. a federal judge says no to conoco phillips project in

alaska. there was problem with environmental analyses, $6 billion oil project approved by the trump administration, set to open in 2027. there are some earnings of great interest, in particular nvidia, what have they got. >> fantastic numbers. i thought the fact they crushed it, back in -- the chips the going to data centers, i just to note, it wasn't a huge contributor, the chip they made for crypto money came in lower than anticipated in springtime. stuart: just 30. 18 months to get approval. stuart: still an extraordinary stock performer.

cisco, what have they got? >> the biggest country -- >> i remember john shamus. >> they are getting impacted, supply chain issue. wall street estimates in springtime. stuart: cisco in the 1990s. >> the influence on the s&p almost the same as apple. stuart: times change. look at the dow winners, the dow is down 120, cisco at the top of the list, procter & gamble is there and so is travelers, there are winners on the dow. the s&p 500 winners, synopsis. >> a smaller company, very interesting.

nasdaq winners, looking for big tech, you can do that. apple, amazon, microsoft, google, no longer on the nasdaq winners list. it might come back. i was interested in ali baba. what is the problem with china's amazon. >> since 2019. china is clamping down, lifestream selling, saying they can't do that and you can't be overhyping or marketing.

online sellers like ali baba you talked about it yesterday talking about the rich with the crackdown on the wealthy and jack mas of china. >> we have huge stories, what is going on in afghanistan, there are truly horrifying and heartbreaking scenes from afghanistan. you are looking at baby being passed to us troops desperate to get out and here is what it is like under the taliban and. the taliban is coming. why don't -- why doesn't -- why won't our president answer any questions from the press about this? larry, low said the taliban was never going to be a credible threat with president biden. larry kudlow is next.

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stuart: we opened with the dow down 200 points. maybe something on the dip. we have some movers including apple. it is moving down one%. >> it could be worth $180 according to jpmorgan so you could get 20% more upside because we are anticipating the new handset to be released in september so thinking more upgrades, more cameras, new iphone 13, maybe. stuart: who else? >> outperforming $28 or so because of consumers, 20% of the sales came from starbucks and can i squeeze back in nvidia. i want to show viewers where

the wall street community thinks nvidia should be, you could get 30% this morning. >> these folks say all the way down the line. that guided the super bowl commercial. there was a huge it when the company took off. look who is here. larry kudlow. we will get serious. i want you to tell us about this catastrophe in afghanistan. you were in the administration. is this catastrophe biden's fault? >> i think it is. the biden people ignored the kind of tough conditionality that donald trump negotiated with the taliban and the afghanistan government and caliban broke all the rules, we

didn't go through the gates that were set up and they should have been attacked for that, should have had air bombing, spotters on the ground, now the whole thing is a mess. let's not forget the taliban is a terrorist organization. for some reason when president biden was blaming everybody, the afghan military of the afghan government, blamed trump, blamed prior presidents, would have blamed the man in the moon if he had a chance to do so. the reality was these guys are terrorists and should have been stopped at every point and why he doesn't blame the taliban i will never know. right now it is important, very important, in addition to getting the americans out and afghan to help us get out which is a monumental task, we the united states must not recognize any sort of taliban

and government. i'm pleased to see the imf is not going to provide $450 million in cash to the taliban and because they are not a recognized government and there are conversations between the old karzai people, their government and the northern alliance which is pro-us or was and the taliban and but this is a disaster and a problem of biden's own making. stuart: put your economist had on. how much do you think the delta variant is slowing the economy? >> can i make one more point on afghanistan? this could wind up being a state-sponsored terrorist area. the taliban's characterization may harbor the remnants of isis and al qaeda. they are backed by the pakistani government which is helping the terrorists as well. this sets up some ugly

potential problems harboring terrorists in this new government. i want to make that point. they hate america. stuart: we have 45 seconds left. tell me if you can buy how much does the delta variant slow the economy? >> hard to read. two quick points. retail sale look sloppy although the eating and drinking section is booming. the other point, industrial production, the supply side of the economy, manufacturing and business, spending, the supply side, all that is booming. sales look sloppy. i think there's still an inflation problem whether it is temporary or permanent but the production side looks great. business looks great. employment looks good.

jim bullard had it right. the economic crash around the edges, not bad right now. stuart: nicely sums up afghanistan, watching you at 4:00 this afternoon. we have thousands of americans held in afghanistan. here's the message we are hearing from the pentagon. role tape. >> we don't have the capability to collect large numbers of people and we have everyone that we can possibly evacuate. stuart: thousands of americans stranded, restaurants are suing over the vaccine mandate. can the industry, the restaurant industry survive if a large chunk of the population is not allowed in? we are on it. ♪♪

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stuart: more people have turned to online grocery shopping during the pandemic. the number of online grocery shoppers has doubled from 11% in 2019. look who is here. not the king of online shopping but has influence in the industry, shane kwong who has been on this show at least ten years. we often use online grocery shopping as a pandemic indicator. what kind of surge have you seen lately after the pandemic wound down? >> it has been a surge all around. what you are seeing in stores and online is not blackouts but all around. we started off last year, moved over to basic supplies and cleaning products and outdoor furniture and you're seeing it again, paper products across the industry are up quite a bit

over the last several weeks. the latest survey is 3000 consumers, 8 of 10 shoppers surveyed have some sort of grocery item online over the last month. certainly the supply chain is not built for that and throughout this surge on online spending. stuart: what kind of price increases have you seen or you have imposed yourself because of inflation? >> inflation is picking up. there is no denying that. in the last almost decade we've been in business it is the highest rate we have seen. the consumer seems exceptionally strong. we have not passed along those spots to our customers yet but you are seeing the trend across the industry were retailers are saying we can't withstand the margin hit and the consumer

will bear the cost so at least right now we are doing what we can to stem the flow there will be a breaking point. stuart: thanks for the update. wants to bring you back on a day you are were the billion dollars. you are all right. we like having you on the show. i am going to put costco on screen, $449. costco shoppers are seeing another toilet paper water shortage because of the variance. shoppers say there are shortages of dog food, chips, oils, frozen chicken nuggets and more. costco is at 449. >> frozen chicken nuggets, love it. stuart: the market overall i am pleased to tell you is coming back a little bit, we opened down 200 points and now we are down 75 on the dow industrials. with the news on goldman?

>> a block trade from softbank, softbank lost $4 billion on their china uber didi listing, they are trying to raise cash by selling a more successful investments. did we bring up door dash, it suppresses the price. stuart: i would imagine they have problems. still ahead tammy bruce, kayleigh mcenany, nigel farage, second hour of varney coming up for you. ♪♪ ♪♪

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♪ susan: i know the song, didn't know the group. it is an old song. stuart: good morning, everyone. 10:00 eastern. straight to your money. looking a bit better than it was half hour ago. we were down 200 on the dow. now we're down 68. we've come back okay, not back to positive territory. we've come back a lot. 10-year treasury yield at 1.24%

this morning but a bigger deal the price of oil. look at it go down. i'm not sure if this is a low heavens knows when but that is a low. $60 per barrel. because of the slowing of the economy, the slight slowing of the economy, that would be the delta variant. you expect to see gas prices down too. latest read on mortgage rates. lauren: freddie mac has it 2.76% essentially flat. the issue as we've been saying over and over again is not demand with housing although that is being chipped away at, the issue is supply. stuart: as a younger man i would you will jump in at 2.86%. lauren: you jump at the rate you can't find the house. my neighbor is about to put my house up for sale. i know this, mentioned it to a group of friends last night. you know how many text messages

to put them in contact with my neighbor to sell the house to them. they want to stay in the area. stuart: that is a good anecdotal area. lauren: i know, craziness. stuart: 2.86% on the mortgage rate. all right, now this. first, came the pentagon brass. defense secretary austin and general mark milley. american troops are in harms way in afghanistan. their commanders have to take questions and they did. then came the commander-in-chief and he delivered a 20 minute speech on covid. when he was done with that he walked out. no questions. it was a failure to communicate. no, actually, it was a refusal to communicate. that is just not right. why did he overrule his commanders who didn't want a rapid troop withdrawal? why did we hand over bagram airbase which could have easily

handled mass evacuations? the cot mander in chief should isn't to the questions. he did an interview with george stephanopoulos. the people ignoring the ugly scenes that emerge every single day. his performance has been so bad that he is losing the media for heaven's sake. look at this, where is the accountability on the afghan pullout? the biden administration moves slowly to help afghan refugees as it prepared to exit. and afghanistan isn't biden's first epic mistake. all three of those articles appeared today in "the washington post." the afghan debacle has thrown the administration into yet another crisis. it is still unfolding and likely to drag on. his political capital, his clout, if you like, is slipping away. how many democrats will stick with this president now? women, tilted towards candidate biden but must watch afghani

women killed for not wearing a burqa. veterans vet see military leaders overruled with disaster. our country humiliated. the president must show he is up to job. he can't do that behind closed doors. he absolutely can't do that by refusing to tell us what is going on, period. the second hour of "varney" is just getting started. ♪. stuart: that was my take. tammy bruce is with us now. tammy, slight change of subject here, you've said, you have written, you want to impeach president biden. why would you want to do that knowing his successor would be kamala harris? i'm not being facetious about it here. i'm asking you a solid question. go. >> sure. yes the impeachment process

obviously been made a mockery of by the democrats using it politically, yet we've got this constitutional system that allows us to deal with this exact kind of situation where you have dangerous dynamics unfolding because of the incompetence of one person or because of chaos in general in the executive branch an impeachment is this constitutional mechanism for the american people to hold elected individuals accountable for their dangerousness or their failures. it became a joke with the democrats during the trump administration but this is a perfect example of what allows us to deal with that but you're right, part of what my messaging was there was that if we even, if even if you were to resign or impeach the problem is another constitutional crisis which is that we don't even really know who is making the decisions so that our ability to remove this malignant decisionmaker ruined

because we really have a president who in my opinion is a frontman, is an individual who might not even know what is going on in large part and certainly not the center of gravity or the key decisionmaker in the white house. this make as mockery of the constitutional process but it was within this framework we have to think about that. and of course congress, both parties, both have been you know, saying stern things and writing letters and all of that, this is a dangerous dynamic because as we know it is not just afghanistan. as you mentioned in your opening. this is about a whole series of event even the left-wing media is recognizing this is one more signal about the nature of the chaos in the white house. you know the vice president has been awol. we don't hear from -- you've got, you mentioned stephanopoulos interview. mark milley contradicted the president on that. the president said, oh, this was known, it was priced in.

milley said we had no idea this was something that was going to happen like this. so you have got contradicting messages so we don't know who is talking with whom. stuart: okay. tammy, we hear you loudly and clearly and we always like your clarity. come see us again soon. thanks so much, tammy. >> thank you, sir. stuart: big story of the morning is the stock market which is coming back nicely actually. we're only down 25 points on the dow industrials. d.r. barton with us this thursday morning. okay, dr, about an hour ago i was going to ask you the following question is this it? is this the big selloff that is going to last? is this finally the correction. has it finally arrived. a half hour later we see the downside move dissipated somewhat. i will still ask you the same question, is this the start of maybe a bigger selloff that lasts? what do you think? >> i think one of the big mistakes people make as

investors stuart, trying to pick a top, trying to say we've gone too far 250 fast, we're overvalued, all of those issues. in today's game that might have have worked 30 years ago. in today's market that just doesn't play, we know new highs traditionally beget new highs. that is what we're seeing once more. 50 new highs this year, every single month of 2021 has had a new all-time high. we have to keep riding that momentum if we're playing this game for the long term. as a trader, stuart, maybe we'll get a pullback playable. if it is just an opportunity to buy. stuart: are you buying, you just said it, are you buying this dip? >> i bought this dip this morning, premarket, stuart, when the s&p was down .9 of a percent. right now we're back to flat. that is looking okay. yes, every dip we get i think people should be putting new

money to work. stuart: you've got one stock recommendation. we like to inclue at least one, square. tell me why you like it. where is it going. >> i like square for a bunch of reasons. long-term i love everyone in the payment space, visa, mastercard, square, love them all paypal. square quarter over quarter earnings and revenues dropped just a touch and that has given us a chance to buy them at about a 10% discount from their all-time high. when delta finally is dealt with and retail sales as you know which have dropped just a touch pick back up to the upside, square is going to be a place that you want to be in and they're already 130% up from revenues from last year at this quarter. so this is the stock with a lot of upside. we can buy on a pullback. stuart: dr barbiturate ton is the king of buying the dip.

he has done very well here. see you soon. i have a little more on square. the ceo of square is jack dorsey, in case you didn't know, the twitter guy. dorsey says he is getting into bitcoin mining. tell me more. lauren: he is teaming up with a startup called compass mining to mine bitcoin for himself. this is a big pr push if you ask me for compass mining when dorsey clearly has enough money to fund his own equipment to do this. the cost of the equipment for compass starts about $8,000 but the profit is just like $30 a day? so it is very small. i think this is his way of broadening participation when it comes to mining. stuart: you buy a piece of this, what do you call it? lauren: compass mining. stuart: you buy a piece of that in turn get you 8,000-dollar machine or program. lauren: gives you access to their machine so you can mine for bitcoin yourself.

it is hard to find these machines. they are really powerful computers. a lot of them were stuck in china when china controlled the bitcoin mining operations. they're slowly moving to the u.s. but it is hard to get them. stuart: but it gives respectability to the whole crypto stuff with a guy like dorsey goes in, gets in that particular way. i find that interesting. you are watching the day's movers. macy's up 13%? lauren: wow, look at that claim this is the first time in six days macy's is higher. raised an you forecast. comes are up 62%. people are going in and buying stuff they haven't bought in a while like formal wear, gowns. we're going to weddings and doing things. toys "r" us in their stores. hundreds of them. not in time for christmas and hanukkah but in time for next year. stuart: time i bought a new suit when you can see all of me why i

need one. victoria's secret down 5%. the story. lauren: swung to a profit. first as a stand-alone company. that is good news. the stock is down 5%. online sales fell 24% from last year. stuart: oh, that hurts. lauren: you need to keep up the online pace of business. stuart: the last one is apache, oil company? lauren: oil is down six days in a row, sinking to the lowest level since may at about 63. i've been looking for the verb here. has delta slowed growth? has it stopped growth? where are we? has it delayed growth? as you look at the delta variant what is it doing to the economy and oil use in this case? stuart: i think it is threatening future growth. lauren: threatening future. stuart: i'm not so sure the impact is now but when everybody has to change the travel plans, for example, or the back to school plans that is slowing down in the future because it affects in the future. that would be my interpretation.

lauren: go with delayed. stuart: delayed. that is the verb i was looking for. coming up one major school district crier requiring the jab for schoolkids 12 and over. got to have it. we'll tell you where it is. president biden is not taking questions from the media. watch this again. >> god bless you all. may god protect our troops. [reporters shouting] stuart: moved quickly off the podium, didn't he. looks like the press is turning on him. media watcher brent bozell has the story just ahead. the u.s. is hostage to the taliban. that is today's "wall street journal" editorial. what does former presidential envoy to iraq, ambassador paul bremer think of that. i will ask him. he joins us after this. ♪.

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but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. ♪. >> let me just spend a moment on some other data points. the european union minister of foreign affairs, ministers of foreign affairs, that is to say the foreign affairs ministers of the eu -- >> changing conditions on the ground at all. you've been reading statements for days here. >> rich, ault part and parcel for our efforts to forge conditions on the ground. shape conditions on the ground. stuart: rich edson trying to get answers from the state department spokesman ned pryce.

rich edson joins us now. thousand of americans remain in kabul near the airport s there a plan to get them out? >> the plan is to get them out once they get to the airport. the problem is getting them to the airport. the world community is monitoring what the taliban does here. critics say international statements do nothing to solve the situation at airport. contacts tell us this is another day of crowds massing at the gates. taliban checkpoints, violence, problems just getting there. the state department is advising americans to get to the airport. warning that the united states cannot insure safe passage. the state department deputy secretary wendy sherman says the world is watching what the taliban does. >> the united states and international community will be vigilant monitoring how any future government in afghanistan ensures the rights and freedoms, women and girls in that country have come to expect.

reporter: the deputy secretary says the u.s. has made clear it will use every diplomatic, political, and economic tool to insure safety. though no specifics beyond that. she described a trip she took in 1997 in afghanistan one of the most searing meetings she had as a diplomat. senate republican lindsey graham, tweeted that i can't believe what i heard about stated department spokesman wendy sherman. she went through her efforts to improve the lives of afghan women since 1997 and now believes that they words matter. they managed to get 6,000 people out of the country. the other numbers, 15,000 americans living in afghanistan. that is administration number. some up to 65,000 afghans, many who worked with the united states who are looking to get out. stuart. stuart: a lot of people. rich edison, thank you very much, sir. headline, "wall street journal,"

the u.s. is hostage to the taliban. it reads in part pentagon officials admit they don't have enough troops to protect the kabul airport and assist americans trying to get to the airport. former u.s. presidential envoy to iraq paul bremer joins us now. mr. ambassador, do you agree with that characterization that america as a whole is being held hostage by the taliban? >> yes, i think that's true. i think we have got to make every effort to get some 10 to 15,000 americans who are not in kabul out. we should use all means necessary, including if necessary military action to get them out if we cannot get the taliban to agree. stuart: mr. ambassador, forgive me for interrupting you, i do apologize to that, but do you think president biden would authorize our troops going into combat outside of the airport perimeter and bringing those people to the airport, going into combat to do that?

do you think president biden would do that? >> not for me to say what i think he should do or what he will do. i think what he should do is be prepared to carry out the promise he made we were going to get them out. that may mean putting troops on the ground in places like harat, or massari he el sharif. using chinooks which have bigger capacity than blackhawks to get people to safety out of kabul. step back, stuart. the problem we have to re-establish american credibility. there are three things we have to do to make that happen. one, get those americans out and as many afghans as we possibly can. it hits me in a personal way because my very first assignment as an american diplomat was two years in afghanistan, decades and decades ago. but we have got to get as many of those people out. two, president biden should call for a summit meeting of the nato

allies, including himself in person, not on zoom, in brussels to discuss getting our nato allies to support us in trying to control the taliban and get all of their citizens and ours out. number three, he should order and should be done secretly, a full-court press everywhere, special forces our intelligence services against terrorist groups where they are, al qaeda and isis. and they're in places like the yemen. they're in libya. there are some still in syria, they are elsewhere. we have got to show that we are a serious country, seriously interested in protecting american interests and the interests of our allies. that is the strategic challenge now. stuart: the president has said he will get every american out, even if that extends beyond the august 31st deadline but that still leaves tens of thousands of afghans who were our friends. he has not made a commitment to

getting them out. i think, i'm pretty sure yes, he has got to make that commitment, but that would be an enormous operation. 80,000 afghans, 15,000 americans, heaven knows what else. >> the priority has to be a the american citizens. it is a tragedy. people compare it with saigon where we had to evacuate our embassy and where in the end i think about 100,000 vietnamese did get out over time. they had a sea. they could get out through the water. afghanistan is land-locked. it is surrounded by not very friendly countries. so it is going to be a very hard thing for the afghans. there is a backlog of people who have -- letter in "the wall street journal" you mentioned today from somebody who has been trying to get his interpreter out for years. the state department or whoever is sitting on that pile of applications ought to get moving and get moving now. at least get these people permission to come here, try to get them out of the airport.

stuart: it is a us in. mr. ambassador, thank you very much for being with us today. you know what you're talking about. we appreciate that. >> nice to be with you, stuart. stuart: yes, sir. more criticism of president biden's afghan withdrawal coming from across the pond. that is coming from britain. watch this. >> see their commander-in-chief call into question the courage of men i fought with, to claim that they ran, shameful. stuart: that was a member of britain's parliament. a little later on the program nigel farage will join us with more of the response from the u.k. cancel culture's next target, country music star carrie underwood, all because she like ad post against mask mandates for kids. you better believe we're on we'e on that one. we'll be right back.

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people to stay away from this area. this is an ongoing investigation, end quote. we will monitor this for you, bring you any updates when they occur. back to the markets, please, for a couple of moments we were all the way back to positive territory for the dow, the s&p and the nasdaq. we slipped a little bit to the southland but this is not the selloff we were expecting when the market opened one hour ago. gary kaltbaum with me right now. gary, i was going to ask you, is this it? is this the big one in apparently it's not, so are you buying the dip again? >> i'm not doing any buying this second but i'm on watch. i will tell you, stuart, that the market is much worse than the major indices. there is a ton of stuff much farther down. it has been a big cap affair but there are things i'm watching here. nvidia reported. i want to see how it reacts. cisco systems reported. want to see how it reacts. there is still plenty of

leadership out there but still few and far between. i am taking it on the slow side here. i do not believe the end of the world here is just yet. stuart: will we climb higher or will you see a correction fairly close with all the negatives we got going? >> if we go higher it will be the bilge caps. that is what is leading the bib caps and tech, big caps and financials and bib caps and economically sensitive. unfortunately a big part of the market is catching up. if the market decides to correct it will be worse than usual because how bad the internals are in the market but right now still looks okay. i like the fact we're stiffening up here a little bit in the morning but that is just some near term stuff. stuart: headlines are consumed with afghanistan and catastrophe in kabul but that doesn't appear to have any impact at all on the stock market.

>> but it does. psychology and the u.s. being the leader of the free world those words do matter and when you lose some of that i think you lose some of the good psychology in markets so it is something to watch out. hopefully things get better but you also have to add in the delta variant. that thing matters also, you hear every day getting a little bit worse here and there, that doesn't help. all this tends to weigh on things but when all said and done markets have been on a sea of easy money and that's not going away. i know there is all this talk of taper. there will not be any tapering if the markets weaken. if anything we know about jay powell when the markets are weak he does not go tighten. i'm not too worried about that. yes, all those other things are factors. stuart: by the way, you're in florida, give us a florida update. we know cases of the variant have spiked in florida. what is the situation now? >> well i can tell you that certain places have decided to

not make masks mandatory but kind of recommending it. i'm seeing some restaurants by themselves going down to 50% capacity, not being told by government but just deciding what's right but as i go through and as i travel around here a lot just to check it out, looks like business as usual in most parts. the theme parks are still in pretty darn good shape. the malls are still pretty busy. i don't see any big change as of yet. stuart: got it. gary kaltbaum, always a pleasure. we'll see you soon. >> thanks, stuart. stuart: by the way the dow did slip way south. now it is down 117 points. just did that in a matter of seconds. the gentleman on your screen is garth brooks, country music star. he is canceling his remaining tour dates. i guess that is the delta variant. lauren: that is the delta variant. he is canceling baltimore, around washington, d.c., boston, thwart east, cincinnati, plus charlotte and nashville.

that is what has the market as little bit nervous, not that garth is canceling his tours but see washington, d.c., and the northeast seeing the spike in cases people might be a little more nervous. but there is a split in the music community because garth brooks canceled tours, steve any nix, maroon 5, foo fighters. you want to come to our concerts show proof of vaccination. eric clapton says absolutely not i will not perform anywhere where you you have to mandatory vaccination. stuart: good owe clapton. that is my opinion. carrie underwood ridiculed for liking a video on twitter. lauren: i feel so bad for her. you know what it means you like a video. click on heart button, don't tweet. click on the heart button. sometimes you don't even mean to do that.

we have not heard from carrie underwood. she liked a video from conservative matt walsh making kids wear masks abusive. makes them think the air is toxic and everyone around them is sick. but she hasn't even said anything yet people are killing her on social media for being here an anti-vaxer, for making this pandemic continue to go on and on and on because it seems like social media is saying well apparently you don't believe what we believe. therefore we'll try to cancel you. we'll attack you. we don't even know her thoughts on the situation. she just liked it. stuart: now you know why i don't engage in social media. lauren: nothing you do, you can't win. stuart: you can't win. this is another one just for you. lucky you. what could be a first, one city in california requires students 12 and older to get the jab. which city? lauren: culver city, west of los angeles. they're requiring all eligible students to be vaccinated by

november 19th. they hope the vaccines get full federal approval by that time. they say they have the support from the parents, the school board, the unions and they're going to mandate it. it looks like this is the first in the state of california. stuart: mandatory vac nations for kids 12 and up. i got it. coming up, move over macy's, amazon reportedly planning to get into the department store gain. that is a new story. i'm not familiar with it but we'll give you the details. the pandemic not stopping construction for one american company. the ceo of true north construction is here with his story after this. ♪.

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stuart: all right. we have headed south, literally a few minutes ago, we were dead-even or slightly higher for the dow. now we're down 182. i am not aware of any sudden development that produced this selloff but we are down. 181 at 34,780. as for big tech, same story. it went all the way down, came back a little. now we've got a mixed picture. slight losses for the big techs except for microsoft around amazon which show slight gains. show me amazon again, 3214, is your price. hey, lauren, what is this about a amazon department store? lauren: they will be a third of the size of a traditional department store but a place where amazon can sell clothing furniture, electronics, basically stuff you can see and try on. will do so in california and ohio according to "the wall street journal." is there a need for this? we saw lord & taylor,

neiman marcus, jcpenney go out because of the pandemic. it is a test. i don't think it will move the needle too much because there is just a few stores. i also question, yes it is amazon. everyone loves everything amazon but is there a need to go back into a big store to try stuff on again? stuart: the malls will tell you they need a new anchor tenant as others move out. they would love to see amazon move in i'm sure. lauren: a place for people to return the other amazon stuff. stuart: now you're going. lauren: annoying going to the post office. stuart: home depot, they released halloween products early. it is only late august. halloween is october 31st. are you told me they sold out? lauren: immediately. people want to feel good again, feel festive, spend money, decorating their house. there are the products. i love huge skeletons that are scary looking. stuart: they're sold out. it is august 19th. lauren: everything is pulled up.

when you do you think christmas, i was in at card store the other day, christmas cards on sale. stuart: it is august 19th. lauren: i would be okay with halloween cards but they had christmas cards too. stuart: folks, now this, our next guest is building a new office complex where businesses can own office space rather than lease. the project is called the offices at addison square. it is in connecticut and the co-owner of trunorth construction putting this project together is jeff sawyer and jeff joins us now. on just question jeff, why are you building a new office space when office space is down in the dumps in most parts of the country? why are you doing this? >> we're building a product that is driven towards small businesses versus corporate structure where people are home, small businesses are still going

to the office. we still think small business owners of the business will want their own space so we're trying to provide for them. gives them a structure to deappreciate their office. they're paying their selfs with their own rent. if they end up closing the business they sell the unit. it's a win-win for a small business owner. stuart: why glass ton, connecticut? >> it has a lot of big corporate office buildings but not smaller businesses to buy their own space. they typically buy older hopes and renovate those. we give them an office that is brand new and designed to fit their needs. stuart: have you got any interest? anybody signed up yet? >> believe it or not we actually are close to signing up selling of two offices already. we met with another person that potentially wants two more. things are looking good so far. stuart: suppose the variant

pushes us all back to restrictions of some kind, will there still be a need for office space if a lot more people are working from home? >> well like i said, i think the small business owner still goes to work every day, they still go to the office. i still think there will be a need for it. even though the corporate structure is struggling i think they are going to be scaling their offices down. so there might be a need for some smaller, private office space. i think we fit that niche. stuart: well, jim, jeff, i'm sorry, you're not exactly out on a limb but doing something very interesting. we wish you the best of luck at trunorth construction. thanks for being here, jeff. >> thank you very much. stuart: yes, sir. look at this. can you believe that? it is a fully-electric, fully-autonomous submarine. it is being used to map the seafloor and develop wind farms. we'll show it to you. that is interesting. the president give as 20

minute speech on covid and then promptly walks away without answering any questions from the media. watch this again. >> god bless you all and may god protect our troops. thank you. [reporters shouting] stuart: you saw it. he just walked away, rapidly i might add. media guy brent bozell will take that on in just a moment. 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.

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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. >> god bless you all and may got protect our troops. thank you. [reporters shouting] stuart: there you have it, he walked away, took no questions. that was yesterday afternoon. now look at the headlines this morning. it seems like the media is turning on president biden. these headlines are all negative. look at that, from the wash on post, "new york times," reuters, those are negative about president biden. let's call in media guy brent bozell. do you agree with that? does it seem to you like the

media is just beginning to turn on biden or is it just wishful thinking on my part? >> stuart, it is inescapable. this is a worldwide disaster. the world has seen this president fail as commander-in-chief. so the media can't avoid this but you know what happened with this coronavirus press conference to me is just baffling. it is along the lines of the white house releasing the picture of the president in camp david looking like a child who has been kept after school writing lines. they put him in front of the press to try to deflect attention from the disaster he caused in afghanistan and yet he caused another controversy by walking off the stage. this is the second time in a week that he has done it. he is only feeding the narrative that he is not in charge of this white house. so this hurts him. stuart: why is he running, i hate to say running away, why is

he not being more public? why are his handlers keeping him away from the public? why are they doing that? >> sir, i genuinely don't understand this. it is one of two things. either he has got the most incompetent, one of three things. either he has the most incompetent staff ever assembled by man, or they're trying to protect him or they're both of those things. i'm suspecting there are both of those things at this point. releasing that picture, making him look like an idiot at camp david, trying to say he is the commander-in-chief in charge. having him walk off press conferencings two times. how can the staff allow this, unless there is a bigger problem. stuart: what you're alluding to those people who are saying this president at this moment is not up to the job. that is what you're getting at. >> especially when you got a media that have been so

compliant. look at this, in the southern border, the coverage of the southern border, another disaster. the media given it 96% no coverage on this whatsoever. day after day after day. they have given it no coverage. this is media that would like to help this but they still walk him off the stage. this is, this is, this is not, this is not good for america. stuart: but does it reduce the president's clout, his political capital, his clout in politics? does that, is he chopped off from this? >> i've got to think that even heartened liberals in the press, i don't mean nutjobs like joy reid and others, people who are on pbs who defended this disaster in afghanistan, i don't mean them, i'm saying that even hardened but serious journalists are looking at this and they're saying this is a real problem.

something very serious is going on here. stuart: brent bozell, thank you very much for joining us. we do appreciate it. i hope to see awe lot soon. see later. >> thanks, stuart. stuart: i have to take another look at the markets. again i don't have a specific reason why we suddenly taken another dip to the south but we have and the dow is down 186. at 9:30 eastern we started out down 100, 200. by half hour later we were actually on the upside. now we're down 180. no specific reason in mine, but a lot of shuffle heing around gg off. people are worried we may be seeing the start after big selloff. maybe so. look at macy's. i call that the stand-out stock this morning. it is up 16%. $21 per share. they had a earnings report, bricks and mortar for them at least is doing well for them.

we have this coming at us. the pentagon says 7,000 people have been evacuated from kabul so far. the u.s. has over 5200 troops on the ground there. we're monitoring this briefing and we'll bring you more headlines as they come in. the briefing on the left-hand side of your screen. another big hour coming. cairo kayleigh mcenany, nigel farage. the taliban shoot afghani women for not wearing a burqa. i don't see much outrage from the women here. you will have my take on that next.

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monitor, check and lock down you money with security from chase. control feels good. chase. make more of what's yours. >> these guys are terrorists and should have been stopped. why he doesn't blame the taliban i never know. >> our brothers and sisters behind enemy lines. it is our duty to go get them and if we can to do that, we have lost what it means to be americans. >> one more signal of the nature of the chaos in the white house. the vice president has been a wall. >> quantitative easing exists to cover up the incompetence of leftists. >> new highs beget new highs. we have to keep writing that momentum.

♪♪ >> it is 11:00 eastern time. where in new york and you are looking at new york. it is august 19th all day. straight to the markets all over the place, down 200 at the start into the positive side, we are down 73 on the dow, up five on the nasdaq. a mixed picture. not the selloff we saw yesterday. the treasury yield at one.24%. the price of oil making news to $63 per barrel. that suggest gas prices will level up and come down in the near future. bitcoin, 45,$000 per coin and

now this. where is the women's movement, the taliban brutalized am danny women, i don't see much outrage from the elite colleges or the hollywood stars who are so easily outraged at any slight against women, the taliban insists they will be held within the confines of sharia law. maybe they should define what rights women have under sharia. they are outspoken in their support of islamic causes. where is spirit pelosi? she selling the telegram they must the human rights of women. i'd like to see a statement that the taliban kill women in the streets. where is vice president harris? the last person in the room when biden made his decision to pull out of afghanistan.

tomorrow she takes off for we get asia conveniently getting out of town, next in line, she should be alongside the president instead of getting off to singapore and vietnam. that will only arrive ugly memories of the saigon a busy roof in 75. the afghan disaster is a chronic investment, their silence speaks volumes. the third hour of "varney and company" roles on. listen to what the president had to say about women in afghanistan. >> the idea of dealing with the rights of women around the world by military force is not rational. the way to deal with that is

not a military invasion, but putting economic, diplomatic and international pressure on them to change their behavior. >> kayleigh mcenany in new york city, welcome to the show, good to have you back. will diplomacy and economic pressure faith the women of afghanistan? >> know, the women in afghanistan had 20 years of something resembling peace, opportunity, women in government and the police forces and now left for dead. a woman killed for not wearing a burqa. you have to go back to biden's comments from 2010, he wrote in his diaries at biden when asked about afghan women said that, that is written in via richard goldberger meaning ever cared about women in the middle east. i don't believe economic pressure will do anything. stuart: the president held the press conference yesterday at the podium.

i will show this one more time. >> god bless you all and may god protect our troops. >> that was it. you saw this. he walked straight out, no questions at all. you are a former press secretary, you can't do that. >> this is been so bungled, first not hearing from him for 6 days and this speech on covid and turning his back on questions across social media, the president's back turned to the american people and the war, away from the world community. a striking image, donald trump was in the situation room not at camp david, not delaware. it is stunning the optics of this and it tells me this administration is so used to having the media on their side once they are not they don't know how to operate. stuart: the question is is he

up to the job, our his hand is protecting him so we don't see that he might not be up to the job? difficult thing to talk about when you talk about the competency of a president. >> is not up to the job. one of the stunning remarks is we don't have military presence in syria. we have 900 troops in syria. how do those families feel that 900 troops, the president does not know we have a military presence, he's not up to the job, you impeach him you get to kamala harris, impeach or you get to pelosi and i don't know if they would be much worse but they would be better. stuart: am i going too far if i say the administration is calling to pieces? >> you are not going too far. this is before we get to the southern border, inflation. other problems, cuba etc. people are waking up, polling is taking a deep dive, 70%

disapproving of the way we get out of afghanistan. stuart: i've not seen that, 70% disapprove. that is huge. >> americans are waking up, people who voted for biden saying why did i do this. stuart: great to have you back on the show. i will watch you on outnumbered coming up very shortly. despite the mess in afghanistan president biden is pushing the $3 trillion spending plan. heather is with us, does the crisis or series of crises help or hurt passage of the $3 trillion spending bill? >> good question. afghanistan has been an epic failure but when we talk about the stock market and these gigantic tax and spend bills, it hurts it, it delays the

effort of passing the $3 trillion spending plan which is positive for the stock market if you look at moderate democratic voices like joe manchin, they are less likely to be -- that delays higher capital gains taxes which is positive for the stock market even though it is down. stuart: that is a plus for the market if his political trouble prevents him from pushing for the trillion dollar behemoth, that's good for the stock market. this morning when i came on the air, i was thinking is this part 2 of the major league selloff following the 380 point drop and go another 200 points down and we have come back since then. do you think we are seeing the first signs of a major correction or what?

>> when you take things in perspective you can't look at the stock market in and of itself, we are globally interconnected. if you take afghanistan with geopolitical risks that poses for the rest of the world the reason i am positive and bullish on the us market is we may be the best house in the ugliest neighborhood. if there's no other place, that is why you see capital from other countries and investment throwing to the us stock market, we are down today not because of geopolitical tension but the delta variant spreading, concerns of school closures and threats to the reopening trade and the fed hinted they will pull back on bond buying purchases which are standing at $120 billion per month which is outrageous. it is the right move to not be buying mortgage-backed security screening asset bubbles and the real estate market but markets see that as a negative because we are addicted to monetary

morphine from the fed and the government in the fiscal stimulus was anytime you hear that pulling back sooner rather than later the market will selloff. stuart: you are a long-term bull, over a couple years, one year whatever market prices still go up. you are in that camp. >> as long as we don't pass a gigantic spending bill increasing the welfare state and taxes that were these companies, publicly traded companies, their bottom line. as long as we can derail the biden economic agenda i am positive on us markets looking at things on a global basis versus emerging markets. stuart: you sound rather intense, we can derail the biden economic agenda. you hate it that much? >> yes. there are other things i don't like but that is high-ranking on my list and investors lists as well.

stuart: always a pleasure. the vaccinemakers. >> 7%, the study not peer-reviewed out of the uk says the vaccine with pfizer, the protection you get is lost 90 days after the second jab because of the delta variant. a lot of people are not vaccinated will say why should i get vaccination a 5 got to get a booster shot and if i lose efficacy soon after i've got the shot. >> the answer is if you are vaccinated you are likely out of the hospital and will not die as a result. the argument still holds but i see your point completely. stuart: it is negative for the overall market, automakers down, can't get chips, way down.

>> ford announced a 1-week shutdown of a plan that may see 150 because of the chip shortage, in north america by 90,000 vehicles this month because they can't get enough chips so the chip shortage has affected and will continue to affect output by the automakers. down four. stuart: the retailers, grocery store chain, how are they doing? know, that is -- i don't know. >> i like it. stuart: i was thinking of kroger, kohl's up 7%. >> the day amazon says we are going to brooke and mortar with the province or, kohl's raise their outlook and say that is foolish and they see positive momentum, traffic continuing

the current quarter but i love this stuff so much the day of reports amazon is coming into their space. stuart: only a small department store. small brick and mortar. i'm going to update breaking news story in washington dc. capital police investigating a suspicious vehicle near the library of congress. authorities trying to determine if the suspect is holding a detonator, he called in a pickup truck and colin the threat an hour ago. we are monitoring this and will bring you the headlines. we have a huge show still to come. wall street journal guy dan heninger is here, we are talking about the revolt against vaccine mandates, the uk dropped covid restrictions in july, no huge spiking cases or death after they dropped restrictions. the usb taking notes on that? yes in my opinion. nigel farage is here to back me up, afghans beg for help as the

taliban takes over. it is ugly but you got to watch this. that is not ugly. that is dreadful. the taliban is coming, dreadful. national security analyst brian morrow is working to rescue afghans who work with america, tell us what he is doing, who he is contacting next. "location, location, location." now it's, "network, network, network." so you need a network that's built right. 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.

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this is the kind of card that has america talking. with it, people with medicare are getting all-in-one coverage for their doctor visits, hospital care, prescription drugs and more. this kind of insurance called medicare part c may also cover dental care, eyeglasses, hearing aids, fitness programs,

vitamins, even healthy meals and rides to the doctor. with this kind of coverage you do not need a medicare supplement insurance plan. you will access your benefits through your medicare part c plan for one low and 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: headlines from the pentagon grieving, no plans to expand the promoter past kabul airport. of the 2000 even iq waited in

the past 24 hours, 300 are americans. so far 7000 afghans and americans have been evacuated from kabul. kirby admits he does not know how many american citizens are trapped in afghanistan. we will bring you anymore headlines as they come in. the administration is targeting the taliban's finances. connell mcshane hit the white house. how are they doing that? >> the treasury department has frozen what the central bank had in reserve. under pressure from the united states, the imf denied the taliban access to what would have been $300 million plus and an imf spokesperson telling fox news it is always the case with the international community with the knack of clarity in

the international community regarding recommendation of the government of afghanistan was the consequence to not access other resources. they maintained by the imf so that money is on hold. there could be more in terms of withholding foreign aid that kept afghanistan going for years but the problem with all of this, the taliban can operate in a financial system. it was a un report that the annual revenues, one.6 billion us dollars per year. traffickers everywhere the afghan cartel will invest chaos good for business and what is good for the afghan drug business is good for the taliban and. they may face the richest, best

armed narco scheme ever conceived, financial leverage to turn it up, the drug trade may negate some of that. has for the president at the white house we don't expect to see him in public. he's meeting with his national security team about afghanistan. stuart: behind closed doors was an american stuck in afghanistan begging the president for help. >> maybe it is help. these afghans who helped you. stuart: national security analyst ryan morrow is with us. you are in contact, what are you telling them? >> any american they can talk to with a one% chance of

providing them away out, a chance at living and the horror you imagine they feel is much worse. something i find encouraging is the afghans that remain and will be leaving afghanistan, continuing to fight the taliban and. they will support the resistance growing in afghanistan, that is why i believe there will come a time sooner than people realize where the taliban will collapse. over the long-term they lose. stuart: tell me what people are saying to you. they are on the ground in couple. are you telling -- telling you about beatings or treatment of women or can't get to the airport. or the taliban won't let them, tell me what they are telling

you about conditions on the ground? >> there are many hunts going on from afghan security forces or defense contractors or anyone they might suspect not being completely loyal, adopting this nice inclusive liberal language. anyone who lives in afghanistan knows that that is a very lean trek. the report of beatings, a lot of people getting warnings from the taliban, sympathizers saying we are going to come get you. so nice we were give you an opportunity to leave before we murder you and people being hunted down. taliban and showing up looking for people. stuart: we are hearing reports of protests by ordinary afghan he's who don't like the taliban taking over.

perhaps their grip on power is not a strong as we were led to believe. >> that my assessment. their support does not come from popularity or even having an advanced superlarge force, just that they were able to be brutal. the us was pulling out, there was a morale issue. they were able to after growing for period of time to seize the opportunity and succeed as they have but there are afghans in afghanistan doing brave things, not just militarily resisting the taliban and but brave protests where you have women out there holding up the afghan national flag saying we resist the taliban flag and constantly getting these pictures and videos that does provide

encouragement that this thing is not over and eventually the united states is going to be back in my militarily because we are going to have to be when al qaeda starts growing at the american people see a chance of the resistance succeeding they will demand america take that opportunity. stuart: thanks for being here and keeping us informed what is going on on the ground in kabul. the government of afghanistan, he left the country just before the taliban took over, he is speaking about his escape if you want to call it that. >> he left with just his waistcoat and some clothes. there were reports that he fled with $150 million in government money on this tarmac. he said those reports are wrong and insulting. fox news reporting he made the decision in mere minutes and had no assistance to get out. he's in the united arab emirates but he wanted to leave

to avoid more bloodshed. stuart: that is what he said. president biden says those who band school mask mandate could face legal action. the governor florida thinks the white house needs to check their priorities was restaurant owners suing new york city over vaccine mandates. role tape. >> this is the united states of america, going into a restaurant is a basic right. stuart: dan heninger takes on the mask mandate after this. ♪♪ usaa is made for the safe pilots.

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the markets all over the place, now we are down 150 and up 9 for the nasdaq. goldman sachs has something to say about the economy. >> they are blaming delta, not the federal reserve, they downgraded growth for the current quarter 2.5% from 9%. those are pretty big downgrade, delta is impacting inflation but when you look ahead to fiscal 2022 they upgraded their gdp. the bottom line is we are going to get through this and it will get better on the other side. stuart: you can see the other side of the pandemic, the other side of the delta variant. spiking up it will slow the economy but when we get to the other side we will be okay. >> i hope they are right because they will always be a very into. stuart: a dramatic headline in

the wall street journal. the taliban captured president biden, dan heninger wrote that and is here to account for himself was the taliban captured joe biden, what do you mean by that? >> what is going on right now with the chaos in kabul and our attempt to get our citizens out, because no effort was made prior to this to do exactly that. the united states of america negotiating with the taliban calling themselves the islamic emirate of afghanistan. they quickly attained equal negotiating status with the united states. this confers legitimacy on the taliban. president biden's goal is to get those americans out of afghanistan and i think the taliban, in their interests,

not likes 1979, to precipitate another hostage crisis involving americans. the afghans who work for us are another thing but they are not going to precipitate another american hostage crisis for which president biden will be grateful to the taliban and. i'm arguing not long from now the taliban will look for consulate space on each side of new york as they join the united nations as the islamic emirate of afghanistan just as the iranian did in 1979. stuart: that is a public relations triumph for terrorism and diplomatic catastrophe for the united states. you agree? >> i do and think as well we are now significantly alienated from our nato partners. in a speech monday president biden through the afghans under the bus but folks in europe supported us over there with troops and they are saying the united states has thrown nato under the bus. this is a diplomatic

catastrophe. stuart: i will move on and talk about the vaccine mandate in new york city. you are a new yorker and so am i. what do you feel about this? they've got this mandate, you can't eat, drink or exercise in new york city without a vaccine passport but that excludes large numbers of people from eating and drinking out in company. just excluded because they are not vaccinated. that is incredible he divisive. what do you say? >> it is divisive and i have a general attitude towards this, the pandemic for a long time, there are two major political issues at play. one, vaccine mandates, the other, mask mandate. both of those are extraordinarily political and i think the inability of our

political leaders to arbitrate between those subjects is undermining the ultimate goal of getting out of the pandemic. in my view the path out of the pandemic is indeed large-scale vaccination was vaccines do prevent people from getting seriously ill. i regard the mask mandates, the battles between florida and president biden as a distraction. the mask issue should be set aside so we can all concentrate on getting as many people vaccinated as possible without having constant battles over the two things which ultimately end up making such slow progress getting out of the pandemic which we have to do. we are not going to be wearing masks in schools a year or three years from now. that is an thinkable but we want to get to the point where we can all go back to our normal lives and that will only happen if most people are vaccinated.

stuart: president biden is prepared to take governors to court over masks in schools. governor desantis is not going to take this lying down. >> this sounds like a prelude to the 2024 campaign trail. biden says mask mandate in school is discriminatory, florida governor desantis says get your priorities straight. >> you got to wonder where are your priorities you are so obsessed with this issue and taking away parents rights, letting afghanistan burn, border burn and so many other things in our country fall to pieces. >> the education department can withhold federal funding from schools that do not mandate masks because they create unsafe conditions preventing some students from attending school so that is the

discriminatory aspect, but you hear florida's response, texas is the same so have the country pitted against each other because they don't want to be told what to do. stuart: head on clash. biden, desantis, head on clash. we have this for you. a member of britain's parliament blasting biden for what he said about the afghan military. role tape. >> the commander-in-chief, the courage of men i thought with, to claim they ran, shameful. stuart: you heard it right, shameful. nigel farage, the response to biden and afghanistan coming up next. president biden pushing for more wind energy, that is an autonomous electric submarine and it could help offshore wind energy. we will explain it all after this.

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stuart: markets all over the place, dow is down 130, nasdaq down 30. the fdc filed a new antitrust complaint against facebook. the initial complete was dismissed in june of the judge gave them a second chance to amend the filing. the rest of big tech pretty much on the upside across the board. apple, amazon and facebook up, microsoft is up and so is alphabet known as google. big tech coming back. tom hanks just sold his 1980 car and travel trailer.

tom hanks, fame increases the value. >> 358,$000. the trailer is a 1992 airstream where tom hanks spent a lot of time filming movies like forrest gump. stuart: i saw the truck in the front. >> the truck you saw in the front, not sure it can still pull that trailer but nonetheless look at all the stories someone could tell. this is where tom hanks stayed, where other actors came to see him when he was filling great movies. stuart: it is worth every penny. >> you need summer to put it. stuart: tell me about the latest lamborghini. >> they only made 112 of them for $2 million each.

horsepower is very strong, 211 miles per hour. stuart: a gasoline powered car. >> partially electric too. not positive on that. stuart: a real acceleration comes with an electric vehicle. >> i just love that silhouette from the front to back. stuart: i am too old to drive it, my hand eye coordination isn't good enough at high speeds. now i'm going to show you something us, and autonomous submarine which is going to be unveiled today on the left-hand side of the screen. let's bring in anthony, the ceo and founder of bedrock ocean exploration. that sub is his. how can that electric autonomous sub help the offshore wind industry? >> one of the big challenges we have is this explosion of new projects and all of these

projects require deep understanding of the ocean floor. the way we've done it in the past is large systems with enormous crews, that doesn't scale very quickly not to mention data challenges that exist when you're offshore and the processing pipeline, and delivery of that data on desktop machines we build a new platform mosaic that is designed to manage data in the cloud to help expand and expedite their ability to gain insight on the seafloor to develop these projects faster. stuart: it is remote-controlled, you can sit on land and tell this thing where to go. how long can it stay under? >> you can do that but it is an autonomous vehicle. he can make decisions on its

own largely because once you go subsea it is hard to communicate with these vehicles. they can do depending on ocean conditions 12 to 24 hours under subsea mapping. even further points, these vehicles work together to ultimately do things in conjunction with each other so it's not just a single vehicle but more about what the actual service can do. we can operate anywhere from 0 to 90 kilometers offshore and anywhere to 300 meters of depth. stuart: last question, inevitable question. this is a financial program. how much? >> it depends on the area you want and the different data sets comparable to most other survey solutions but we do it at a different speed and there are different permitting

requirements because of the sonar on board. stuart: your baseline sub, how much? >> we don't sell the sub, we only sell data. we will give you a price. stuart: i am running out of time but that was good. we wish the best of luck, good to see you. >> thanks, nice to meet you. stuart: another, norwegian cruise lines every single day, they are extending vaccination requirements through the end of the year. that means every norwegian cruise needs 100% of crew and passengers fully vaccinated by the end of the year. southwest pilots union considering picketing over the thanksgiving and christmas holidays. they say they are protecting from overpack schedules,

southwest down to a 12:45%. american airlines extending their ban on selling alcohol in the main cabin. it was put in place by a surge in unruly passengers. the band stays in effect until mid-january. you want a drink in the cabin, forget it. check the dow, the dow 30. we've come back because we are down 40 points was a fairly even split, winners and losers among the dow 30. the uk dropped every covid restriction last month. we haven't seen a huge spike in cases or deaths over there. should the us be following their lead? nigel farage will join us next. ♪♪ ♪♪ we ain't got no swing except for the race ♪♪ the ice is coming ♪♪ commercial real estate exchange. you can close with more certainty.

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♪ stuart: got to check the markets every minute because they go up and down so fast but we have almost a did even down to 65 point gain for the nasdaq. look at amazon. wall street journal reporting they are planning to open their

own department store, very small in scale and starting in california and ohio, getting into the brick-and-mortar department store business. amazon is up at 2227. the british as in the uk celebrated freedom day in june, opened up completely and since then, no major surge in cases. nigel farage, always good to see you. give me a report, tell me what happened right after you had freedom day. >> big crowds going to school, nightclubs open, big all night raids if that is your sort of thing, so yeah, normal life returning is what we have seen are plenty of infections. infection rates have stayed at a constant level and relatively high level and here's the point. hospitalizations have gone up but not hugely.

deaths have remained incredibly low. in a heavily vaccinated country which we are the vaccine does not stop you catching the virus. it does not stop you carrying the virus. what it does do is you get covid 19 you are far less likely to fall seriously ill. that's very good news because countries like australia, new zealand with a 0 covid strategy, never going to work. we've got to learn to live with this virus one way or another and i'm more convinced than i have ever been particularly vulnerable people that these vaccines do work. stuart: i want to move on to how the brits feel about president biden, a member of

britain's parliament claimed he called it shameful that biden said the afghan troops ran away. tell me more about britain's response to biden's problem in afghanistan. >> biden's be was disingenuous. since 2014 the fighting has not been done by the americans or the british. we've both been there with nato allies providing support, material support, training, and crucially, air cover. there is not been using a british soldier killed in several years, or an american soldier killed in 18 months. the fighting has been done since 2014 by the afghan army and 40,000 killed. for president biden to say the afghan army threw down their arms and ran away as an attempt to rewrite modern history and frankly it is a disgrace.

stuart: i want to go back to the freedom day in britain. how are the brits reacting to this freedom day and toughing it out. is a popular? >> yes. there is no way we can be locked down again. even if we get another serious topic of something, different variant this fall, this winter they may bring back some level of restrictions. i do not see us going back into lockdown. we are enjoying our freedom too much. stuart: thanks for being here, see you again soon. the trivia question on your screen, which actor has won the most best actor oscars. i haven't got a clue but the answer will be revealed momentarily. n." now it's, "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g.

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you get both. introducing the all-new 3-row jeep grand cherokee l jeep. there's only one. jo i don't think anyone in the studio got it right. lauren: i did. stuart: which actor won the most best actor oggs cars. daniel day-lewis. won in 1989 for my left foot. in 2007, there will be blood and his third came in 2012 for lincoln when he played the former president abraham lincoln of course. you didn't get that? lauren: yes. the actor in my left foot. i had to google it. stuart: i thought it was jack

nicholson. lauren: he won two best actors. stuart: our movie buff. you didn't get the right answer,. >> no. stuart: what is wrong with you? my time is up. don't forget to send in your "friday feedback." email us at varney viewers at foxbusiness.com. we welcome any and all comment. neil cavuto. my time is up. it is now yours. neil: you know i never welcome negative comments so which is why we don't have mail. interesting. i look forward to that. stuart, thank you very, very much. you might notice the dow rebounded as stuart was telling you. maybe reassessing this whole tapering thing. when we talk about the federal reserve and tapering not that would in the worst case scenario abandon buying treasury notes, they would slow it down. by 120 billion a month, treasury securiti